This report may not be true in terms of saving of physical cash. Since we’ve been borrowing to pay for subsidy since January, I really don’t think we should call this savings because the money is not there. We’ve simply stopped spending N400b on subsidy.

Rubbish , saving money and things are costly , that's bullshit

Really why dem come go borrow again?

Saved like you have it handy 😒

You must not allow it to be relooted

If naija no confuse you nigga you can't be confused in life. The subsidy that has been paid by buhari till the end of June, now same subsidy saved federal government 400billion

No be juju be that

Saves to do what with the money

What have they done with the subsidy removal for diesel and kerosene

Was that not how Buhari said he saved money but still went to borrowing spree

Can u really trust APC

What sacrifice had the ruling class made since this subsidy regime ended

kayone2:
Tinubu may very easily prove to be more corrupt than Buhari

Too late.. E don prove am teetee

It should be stated in clear terms what the money saved from subsidy removal would be used for. So the thieving politicians don't end up looting this monies.

More money to loot. If tinibu does not perform 3 times better then no need for subsidy removal

The term "save" used in this context can be misleading. How does one "save" money that was never in existence?

The accurate statement is: "Nigerians contributed N400bn as subsidy payment for petrol."

Subsidy was not removed; instead, the federal government ceased borrowing to subsidise fuel. Nigerians are still responsible for subsidising it. The burden of subsidy payments was simply transferred to the poor masses.

That 400bn is like 700bn.... The remaining 300bn will be sat on

We are not yet serious in this country

How does that affect the life of the man on the street? Looters, drug lords and criminals have no place in governance.

But the people are hungry. Dey play

I thought they paid June Subsidy?

TemplarLandry:
We are gradually getting there.

Where are you gradually getting to?

What measures have you and your fellow "hopefuls" put in place to ensure the saved funds are not relooted??

Crap and u expect me to believe this. Saves 400 billion naira lol.

The last administration kept telling the world how much it had saved with no corresponding indices in the lives of the citizenry .
PBAT is toeing that same line .

Where is the 400 billion? APC nor dey tire for propaganda?

Which means Nigerians lost N400bn
in 4 weeks❗️❗️❗️😖😖😖

TemplarLandry:
We are gradually getting there.

Getting there abi? Subjecting Nigerians to untold hardship is progress in your own mind. Mtcheeew

Omihanifa:
Money that will still be looted

By you right?? Bad belle people everywhere

The govt will later deny it. Watch

Poor masses is still feeling the hardship..

Lets hope the politicians will not lot the money.

I trust my Nigerian Polithiefcians to do what they know how to do best

Money that was never there to begin with.

Omihanifa:
Money that will still be looted

Will or has already been looted in advance.

Kukutenla:
Lol.
I thought Zombies said NLC is supporting Peter Obi
How come they are also speaking for and on behalf of govt about subsidy removal?

Are you mixing NLC with oil marketers?

adenigga:



Source: https://punchng.com/Subsidy-removal-FG-saves-N400bn-in-four-weeks

They didn't save any N400Billion, rather they didn't borrow N400 Billion because we were borrowing to pay subsidies.

Nothing special...
Na like this dem dey tell us the billions they recovered from LOOTS of Abacha and his gangs of thieves but non of those billion dollars had been accounted for and it adds no values to lives of ordinary nigerians..
Only few opportunists close to power are eating them