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Nairaland Forum / Nairaland / General / Politics / Peter Obi Speaks On Petrol Subsidy (29654 Views)
FG Owes NNPC ₦2.8 Trillion Spent On Petrol Subsidy - Mele Kyari / Peter Obi Speaks On PDP-APC Clash At Dei-Dei Market / Peter Obi Speaks On His Houses In London (2) (3) (4)
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Re: Peter Obi Speaks On Petrol Subsidy by PotatoSalad(m): 2:59pm On Jul 06, 2022 |
casualobserver:Tldr |
Re: Peter Obi Speaks On Petrol Subsidy by Cognitivereason: 3:00pm On Jul 06, 2022 |
casualobserver: rest..u seem to be a bigger joker too who told you local refineries will stop subsidies or make it convenient to stop subsidies,... you clearly do not understand how it works the same money diverted to foreign refineries for petroleum product is what we will divert to dangote when he begins production in order for him to sell at N165.. no local refinery will last 2 hours selling PMS at N165 everyday is an opportunity to remove subsidies ..we do not need to wait for local refineries to spring up |
Re: Peter Obi Speaks On Petrol Subsidy by rickleye: 3:01pm On Jul 06, 2022 |
Officialgarri: There is an alternative - Put the funds directly in the hands of the masses. If the actual cost of fuel is N300 and subsidy account for N135 about 45%. Give whatever that amount is into the hands of all those earning average median salary per month. Those earning 120k per month and under get. Those earning above do not get. |
Re: Peter Obi Speaks On Petrol Subsidy by nedekid: 3:01pm On Jul 06, 2022 |
kponkedenge:Bros now the corruption now knows no bounds. Free for all chopping is what is going on, why? oga at the top seems to be ignorant, unconcerned or overwhelmed. Those days when the chop, they hid it from public eyes. I know one man that chopped then, nigger never painted his house. Fear will even catch some to chop because of the though that authorities will come for them later. The reverse is the case now, imaging a sitting agf, cbn gov, ministers etc paying 100m, 50m etc in the open, without fear! Eg, What work has amechi done since he was odilis houseboys till date to enable him pay 100m? |
Re: Peter Obi Speaks On Petrol Subsidy by Cognitivereason: 3:03pm On Jul 06, 2022 |
rant19ade: the bolded is not true.. dangote can service nigeria and Cameroon fuel needs once it starts running but he can never sell PMS for even N300 per litre he will sell at the international rate which is atleast N400 meaning we need to subsidize dangote and any other local refinery coming onboard |
Re: Peter Obi Speaks On Petrol Subsidy by shantti(m): 3:05pm On Jul 06, 2022 |
fyneguy: And what is tinubus solution. We would like to hear it |
Re: Peter Obi Speaks On Petrol Subsidy by Tareq1105: 3:07pm On Jul 06, 2022 |
wiseoneking: I agree with you on this. Dangote is a wicked businessman and an enemy of the masses. Obasanjo believed him and importation was stopped bcoz of his company. He's an exploiter and he exploited Nigeria and Nigerians to the bone. |
Re: Peter Obi Speaks On Petrol Subsidy by beardedboy(m): 3:08pm On Jul 06, 2022 |
AFRICANJAMAICA:Where's the wisdom in he what he said. He beat around the bush for minutes and you're hailing him. You need to take classes on critical thinking. |
Re: Peter Obi Speaks On Petrol Subsidy by SIRTee15: 3:08pm On Jul 06, 2022 |
Cognitivereason: buying from dangote will free up our forex. dangote will sell to local buyers in naira not dollars. 2. dangote will buy crude oil from nigerian govt who can sell to him at discount/fixed rate if they want to continue indirect subsidy. Thats how its done in saudi and iran. Threre's a big difference between buting from local refineries and foreign ones. |
Re: Peter Obi Speaks On Petrol Subsidy by casualobserver: 3:08pm On Jul 06, 2022 |
Cognitivereason: I suggest before you insult people out of ignorance and your failed education , you learn to read properly and comprehend what is written. I specifically said state owned and put STATE in capitals specifically for people like you. Clearly my efforts were in vain. |
Re: Peter Obi Speaks On Petrol Subsidy by Bishop4real: 3:08pm On Jul 06, 2022 |
Brendaniel: And which alternative did he mention? |
Re: Peter Obi Speaks On Petrol Subsidy by Zeezenho: 3:09pm On Jul 06, 2022 |
ThinkWISELY: You mean we should not even try! It's better we go collect agbado eat and wait for calamity to befall us? God forbid. We are OBIDIENT oh lord. |
Re: Peter Obi Speaks On Petrol Subsidy by Tareq1105: 3:12pm On Jul 06, 2022 |
shantti: Be patient, Tinubu is coming very soon to face the press and that's when you would know that your overrated Obi is an empty vessel. The guy you tagged was even more emphatic and sound more reasonable than Obi. Go back and read what he said. Buhari government has invested $20b in Dangote Refinery for that reason and that crude oil shall be sold to Dangote in # and he would sell in # to Nigerian market. This will definitely reduce the pressure on dollar for oil which account for 55% of our dollar needs. Just hope they would follow it through but that's the deal. |
Re: Peter Obi Speaks On Petrol Subsidy by zzxxbbaa: 3:17pm On Jul 06, 2022 |
Officialgarri: I can understand your worries, and I'm sure millions of Nigerians want a solution to fuel subsidy. I would like to refresh your memory that this exorbitant sum spent of subsidy is mostly because of poor power generation, and dependence on importation, removing or reducing subsidy would only have a positive significance when we can generate and distribute adequate power supply across nigeria, then the dependence on imports would reduce, and reduction in volume against availability would drive down the amount spent on subsidy which then creates more funds to be invested in other areas of the economy. I haven't voted since the inception of democracy in 99', 23' is an exception , I'm disappointed that the youths or eligible voters don't demand to speak to the candidates who desire to run for the presidency, I belong to no party, don't believe in tribalism and nepotism, I believe in the process, I really look forward to the aspirant engaging the populace on how they intend to move nigeria forward, not by spending ridiculous amount of money to solicit for votes all because of personal ambitions, it'd only mean they would need to refill their pockets and dig up more well to store profits before attending to the real reason of them being elected in the first place. We need debates, records and notable achievements, we are past the age of tribal and ethnic voting, we all breathe the same air, if you want dictators to rule you all until 2031, then vote the old ways by eating nkwobi and washing it down with 5 bottles of � in exchange for your vote and spend the next 8 years working 8 times as hard as you've done in the past 7 years so far. Just stating my 2 cents |
Re: Peter Obi Speaks On Petrol Subsidy by PapaCj: 3:17pm On Jul 06, 2022 |
shortIGBOman:Who be we? Mumu no represent urslf and leave others take their decision. |
Re: Peter Obi Speaks On Petrol Subsidy by Cognitivereason: 3:18pm On Jul 06, 2022 |
SIRTee15: the only savings from buying from local refineries is forex...it ends there government will still subsidize dangote directly on indirectly tell me the difference between paying dangote 3 trillion naira yearly in cash to keep PMS at N165 and giving dangote N3 trillion worth of crude oil please I await the difference do you know NNPC doesnt pay for subsidies entirely in cash ..they sometimes do something called oil swap.. where crude worth billions are given to foreign refineries in exchange for reduced price on PMS to over all N165 per litre..does it change the fact that subsidies are still paid? think naa |
Re: Peter Obi Speaks On Petrol Subsidy by NEIGHBOUR(m): 3:19pm On Jul 06, 2022 |
[quote author=Futuristics post=114476231]Peter Obi.. the man of his words . meanwhile at a cheap price DM me for your logo and flyer design [/quot Political statement!!! He can do nothing without the support and approval of the national assembly. Can Labour Party win simple majority in the national assembly? |
Re: Peter Obi Speaks On Petrol Subsidy by seborrhic: 3:21pm On Jul 06, 2022 |
Carlosdd:Olodo. A gallon of fuel today in the US is $5 which is about ₦3000 I bet you don't know a gallon and litre are not the same. Since your brain cannot process even the simple things,let me help you further;a(1)gallon is about 4 litres.Therefore a litre of fuel in the US today is 3000/4=₦750. So where did your 6k-10k per litre come in? Better go back to a primary school and start your schooling all over because you can't do a simple 1,2,3 talkless how to read or comprehend information. Seun has abandoned nairaland and it's now filled with dunces and drop-outs from school,aside scammers and bloggers with made up stories. |
Re: Peter Obi Speaks On Petrol Subsidy by Sholaco: 3:21pm On Jul 06, 2022 |
Officialgarri:hahaha hahaha hahaha |
Re: Peter Obi Speaks On Petrol Subsidy by Igbojew: 3:24pm On Jul 06, 2022 |
fyneguy:Boy because of hatred you have against Peter Obi you mischievously skip the part where he repeatedly said that he will not remove subsidy till he have alternative of what will make him to remove it which is what a reasonable government or president should do........I am that Igbojew the table shaker |
Re: Peter Obi Speaks On Petrol Subsidy by Cognitivereason: 3:24pm On Jul 06, 2022 |
casualobserver: u clearly do not know why our local refineries failed in the first place are our dead refineries not state owned? besides is english ur problem look ..weather you want local government to own refineries as far as they are not going to make profit or deregulated ..then they will still need subsidies to keep going . |
Re: Peter Obi Speaks On Petrol Subsidy by FrB231(m): 3:25pm On Jul 06, 2022 |
Officialgarri:. Do you think if all our Refineries were working there will be need for subsidy...Subsidy or not,we should tackle the problem from the foundation which is why Peter Obi is clamoring for Nigeria to be more of a producing nation which we are more than capable of achieving than being more of a consuming nation which is the killer to our dear nation for years now |
Re: Peter Obi Speaks On Petrol Subsidy by Trendingbiz042: 3:25pm On Jul 06, 2022 |
Officialgarri: You failed to ask yourself one good question, why is fuel, diesel and cost of food too high against its cost in 2010 ? Was fuel subsidy not in place like before now? When you reason it this way you will understand that prudent economic management is the critical factor to a stable economy. The price of items now including diesel and fuel is like subsidy was removed when compared with the cost in 2010. Imagine if subsidy was removed in 2010 and the cost of things now was the cost of things in 2010, don’t you think we would still survive as we do now and use the money for something else? Think think think my friend. Subsidy is scam. It has been removed by 30% but still paid at 100% |
Re: Peter Obi Speaks On Petrol Subsidy by netzro(m): 3:26pm On Jul 06, 2022 |
casualobserver:You dumb? Na question I ask o Read what he said like 3 times and meditate on it. The fucking answer is there. |
Re: Peter Obi Speaks On Petrol Subsidy by SIRTee15: 3:26pm On Jul 06, 2022 |
Cognitivereason: I'm not aware of oil swap for fuel by nnpc. if have u the link, share and let me read the details of the deal. Nigeria is part of OPEC and any crude oil leaving our shores will count as part of Nigerian quota- that is a loss. we are suppose to sell all crude oil we export. crude oil feeding our local refinery for local consumption is different. We are not paying anybody, we still export our expected quota if we are able to meet the benchmark. Even if govt is selling to private refineries at international rate, the final cost of fuel will still be cheaper becos its not subject to our weak naira to strong dollar exchange. Nigeria cannot afford to buy fuel for 800 aira per litre- it will kill the economy. |
Re: Peter Obi Speaks On Petrol Subsidy by netzro(m): 3:28pm On Jul 06, 2022 |
hero2000:The way Obi-dients THINK Me likee |
Re: Peter Obi Speaks On Petrol Subsidy by Whois(m): 3:29pm On Jul 06, 2022 |
They shouldbPity the masses, fuel price will continue to increase with or without subsidy so i think it is best to wait till we have working refinery before talks of fuel subsidy removal. |
Re: Peter Obi Speaks On Petrol Subsidy by Cognitivereason: 3:30pm On Jul 06, 2022 |
Carlosdd:1 gallon and 1 litre are not the same |
Re: Peter Obi Speaks On Petrol Subsidy by netzro(m): 3:31pm On Jul 06, 2022 |
fyneguy:You think like an Obi-dient son but you are not Obi-dient. |
Re: Peter Obi Speaks On Petrol Subsidy by AFRICANJAMAICA: 3:31pm On Jul 06, 2022 |
beardedboy: If I reply you,it will look like an insult ..pls don't mention me again |
Re: Peter Obi Speaks On Petrol Subsidy by ncoolsome(m): 3:32pm On Jul 06, 2022 |
shortIGBOman: Who is "we" abeg speak for urself.. |
Re: Peter Obi Speaks On Petrol Subsidy by Cognitivereason: 3:32pm On Jul 06, 2022 |
SIRTee15: https://www.reuters.com/world/africa/nigerias-nnpc-finalises-new-crude-for-fuel-swaps-one-year-sources-2021-05-12/ https://www.thisdaylive.com/index.php/2021/05/13/nnpc-picks-16-companies-for-new-crude-oil-swap-deal/ https://guardian.ng/news/nnpc-extends-crude-oil-swap-contracts-to-june/ enjoy |
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