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Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by Sunofgod(m): 5:41pm On Oct 09, 2011 |
Subsidy Removal: Nigerians To Pay N142.92 Per Litre For Petrol http://www.punchontheweb.com/Articl.aspx?theartic=Art201110093384257 |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by Sunofgod(m): 5:47pm On Oct 09, 2011 |
Fuel Subsidy - They've Decided to Kill the Poor, Citizens Cry Out Ebun Sessou 8 October 2011 Recently governmentrevealed its intention regarding the removal of fuel subsidy, a programme that has occupied national discourse in the last 19 years. Indications are that for a country with a reserve portfolio in excess of 36 billion barrels of oil and daily output capacity put at about 3 million barrels per day, a deregulated environment would engender an environment conducive for investments to thrive. Refineries would start springing up across the country, jobs would be created and the country would become a petroleum-products refining and petrochemicals hub, at least in the West Africa sub-region. Granted, prices of petroleum products would increase in the short run, in the medium to long term, investments in development of infrastructure would go up owing to the large volume of human and vehicular traffic, jobs would be created, technology would be domiciled and under such circumstances, the gross domestic product, GDP of the country can only go up. But, Nigerians say removal of fuel subsidy will only aggravate poverty, increase hardship and above all, increase the level of joblessness in the country. Those who spoke to Saturday Vanguard suggested that government should focus on other resources that have been abandoned for long and invest in them to make the country better for everybody. Saturday Vanguard sampled the opinions of Nigerians and reports: Eugene Chika, a Lagos based okada rider said, "if government removes subsidy on fuel, things would be difficult for average Nigerians. "All the essential amenities of life will be difficult to get. That is why I am not in support of removal of subsidy on petroleum products because Nigerians are still benefiting from it. "There are many places government can delve into and not in the area of removal of oil subsidy. For instance, there is coal in Enugu, we have cocoa and nobody is talking about it, I believe government should exploit those areas. Nigerian government should not make life difficult for the masses. They should go into areas that have been neglected. People should be benefiting from government and not the other way round. They should not inflict hardship on people", he concluded. For Chris Okeke, "Nigerian government has failed to fulfill its promises. They have promised different things and they are yet to fulfill any of those things. Teachers' salary are not paid , yet there is nothing we have seen so far. Nothing has been implemented. "What they told us to be expecting is that prices of petroleum products would be reduced for the masses to enjoy. But nobody has gained anything from government's programme. Up till date, we are still buying a litre of kerosene at the rate of N150, yet nobody has done anything about it. The expectation of good governance seems to be a mirage. What we were hearing now is that subsidy on petroleum products will be removed thereby increasing the prices of those products," he lamented. Meanwhile Evangelist Thaddeus Anunne suggested that those who are fomenting trouble in this country should be dealt with. "I saw the story on the pages of newspapers and heard them on radio. If they eventually remove it, the question to ask is that, what is the reason for the removal? If subsidy is removed, it simply opens the doors for governors, ministers to have extra ghana-must-go by their side. How many of the governors are punished after being probed, they only go away with people's money. You can only hear about a project being executed on the television and newspapers but in the real sense of it, those projects are not there. By giving them this money, then, you have empowered them more to accumulate and embezzle more money for themselves and wait for the consequences. How much of the money do we recover no matter the EFCC's intervention? I don't trust the EFCC because they only make noise. Those who were caught with people's money have not been punished for it. But, a clerk who steals can go to eight years imprisonment." Relevant Links West Africa Nigeria Petroleum He continued: "The fuel is ours, how can we think of removing fuel subsidy that we use internally? How can we justify removal of fuel subsidy? We have the crude oil and all other things necessary for economic development of the country; yet, we live as servants in a foreign land. The truth is that the government of this country is not honest. "If they remove the subsidy next year as planned and increase electricity tariffs, it means they have decided to kill the poor masses on the streets. I don't know if some persons are behind this problem or they are always looking down on the masses. They are only talking about themselves; they have not considered the poor man who cannot afford three square meals on a daily basis. Children will find it difficult to go school. "I think, government should think of investing on agriculture instead of increasing the agony of the people. There are so many countries that are operating without oil. Togo has no oil; Malaysia invests in rice plantation and gave room for employment. If they should increase the price of any crude oil in this country, it is sabotage," he said. Copyright © 2011 Vanguard. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here. AllAfrica aggregates and indexes content from over 125 African news organizations, plus more than 200 other sources, who are responsible for their own reporting and views. Articles and commentaries http://allafrica.com/stories/201110080006.html |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by otokx(m): 7:11pm On Oct 09, 2011 |
This move will kick start the revolution that Nigeria so desperately needs to rid ourselves of these corrupt political leaders. |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by Nobody: 7:23pm On Oct 09, 2011 |
Democrazy will be under threat if this subsidy is removed. Is it because of increase of minimum wage to 18000 naira that is causing the removal or IMF advice? Whichever way it is i think GEJ should think twice before his enemies/advisers put him into a dangerous pit. Obasanjo during his time didn't remove the subsidy but he was increasing the pump price how GEJ that is not as strong as OBJ wants to do that. Like the comments in the writeup I suggest the government should tap into other resources to generate fund |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by Nobody: 7:23pm On Oct 09, 2011 |
sebi i said before and some mumu on nl said its a lie. N65 to 140+ is times 2 or 100% increment. the multiplier effect on even the price of chewing gum and a loaf of bread would be hell for Nigerians. meaning that someone currently earning N25,000 a month and spends N7000 on transport cost will now have to spend N14,000 left with 11,000 to buy food that also would have gone up by 100%. smdh at this heartless finance minister thats championing the removal of subsidy |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by aurenflani: 7:26pm On Oct 09, 2011 |
otokx - nothing go happen except masses, the slaves of the system will continue with their 'shuffering and shmilling'. the unfortunate victims of 'divide and rule'. remember when the masses from d north rise against pdp and inec mago-mago elcthieveneering this yr, d masses from d south quickly dismiss them as stupid 'almajiris.' |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by Cine(m): 7:27pm On Oct 09, 2011 |
When you have a bunch of thugs and gangsters running a country this is the type of thing that tends to happen. A revolution is what the country needs. An Arab spring style protest march. |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by cap28: 7:38pm On Oct 09, 2011 |
get rid of these bastards they are satanic animals who will not rest until they reduce nigerians to penury and starvation - how long will you continue to allow these animals to keep making your life a misery? this is no longer a praying matter - action is needed and its needed NOW. |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by macroworld: 7:39pm On Oct 09, 2011 |
The government should urgently address and invest in the Local crude refining capacity as a matter of utmost importance. I am not sure if the government does an impact assessment before making such decisions ? |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by cap28: 7:45pm On Oct 09, 2011 |
i remember not too long ago some fools were falling over themselves and heaping praises on the world bank puppet Okonjo Iweala - this is her present to all of you fools that were worshipping at her alter - starvation and mass poverty is her present to all of you fools brought to you courtesy of the IMF and world bank - ENJOY YOUR FRESH AIR!!!! |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by llbhuds: 7:47pm On Oct 09, 2011 |
cap28: lol |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by Nobody: 7:48pm On Oct 09, 2011 |
lets go down memory lane Babangida regime price/litre was N5 Abacha increased the price to N11 in 1994 or so Abdulsalam increased the price to N20 in 1998 OBJ increased the price to N22 in 2000 OBJ increased price to N26 in 2002 Obj increased price to N30 in 2003 OBJ increased price to N37 in 2003 OBJ increased price to N40 in 2003 Obj increased price to N42 in 2004 Obj increased price to N50 in 2005 Obj increased price to N65 in 2005(which led to the death of ubani, the journalist on his way to Abuja to protest the increment) Obj increased price to N75 in May 2007 Yar adua reduced price to N70 in June 2007 after nation wide strike Yar adua in 2009 reduced price to N65 during the global reccession when a barrel of crude oil was sold for under $60 I hope i got the dates right but the progression is very correct from Babangida to Goodluck. So new refineries could be built in over 25 years? during this period, Nigeria imported fuel from different countries including Libya in 2005 that damaged many cars in the country during Abacha's regime. too bad |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by jason123: 7:48pm On Oct 09, 2011 |
The revolution that will accompany this move will be a national shock. What do you want people to do? DIE Everything we buy in Nigeria will experience heavy inflation. Even the common man who mainly buys the basic necessity to survive will no longer be able to do so. Poverty will increase as the country's crime rate will shoot up because people need to survive. The gap between the rich and the poor will be too wide. Following history, when these factors come to play, a revolution accompanies it. Poverty does not know the difference between an Uche, an Ola or a Salami. It knows no ethnic group. GEJ should CHILL, big time! Most people understand the POV of the president and it makes perfect sense but the infrastructures to absorb this shock is not yet ready. Until there is constant power supply, you just cannot cause unbearable hardship. |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by ceah(m): 7:50pm On Oct 09, 2011 |
They are Busy increasing presidential food daily to N1.6 Million and The only thing they give to The poor they are taking it away https://www.nairaland.com/nigeria/topic-778190.0.html |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by ReLaTE(m): 7:54pm On Oct 09, 2011 |
Many lives will nw be wasting when people will start hoarding fuel in their houses after hearing the news. |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by jason123: 7:56pm On Oct 09, 2011 |
Wait a minute! Do they expect people to survive on 18000 Naira minimum wage with this increment? I dey seriously laugh. As the Yoruba peeps will say, "Esu fun e ni fila, o gba sokoto ati buba". That is, "the devil gave you a cap for your head but collected your trousers and shirt as payment". NLC, over to you . . . |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by alaxneo: 7:57pm On Oct 09, 2011 |
aurenflani: rise against PDP and INEC by killing innocent youth corpers, is that the way to go about it? useless idiot |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by jason123: 7:58pm On Oct 09, 2011 |
ReLaTE: In fact, people will start doing that now. Its the only sensible thing for a commoner to do. Necessity is the mother of invention. |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by Rhino5dm: 7:58pm On Oct 09, 2011 |
Ha Ha Ha Ha Ha! LoooooooooooooooooooooooooooooooooooooLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL! This is what moorooons voted for ! Foooooooooooooooooooollll(As pastor Bakare will say) [size=18pt]FRESH AIR!!![/size] You ediots should eat your humble pie made from big fresh fart. Wetin una see sef? ehn! You ediots branded us all sort of names during election. Almajiri, Jihadist,terrosist. . . NOW who is laughing and who is crying? most of us are very comfortable with life and earn pretty good pay . Lemme catch you complaining [size=23pt] I DEY LAUGH OOOOO![/size] |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by triistar86: 7:58pm On Oct 09, 2011 |
Every time I come on nairaland I always expect to hear the worst about my awesome Naija. . . . I know one day one day one day e go better |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by maclatunji: 7:59pm On Oct 09, 2011 |
Ceteris Paribus, water will find its level. |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by Sunofgod(m): 8:01pm On Oct 09, 2011 |
jason123: The N18,000 was a gimmick - the govt never had any intention of paying it. They are drawing up plans to tax people particulary those collecting a minimum of N18,000 from the govt. The can collect the money from people's paychecks before giving them the balance. The extortion of money will spread to the masses - at the same time rampant inflation kicks in. Nigerians are in massive trouble - the future is looking bleak. Society will change for the worse - Crime will spiral and starvation will become common. 2012 will be an interesting year - Nigeria will not be the same. |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by pendulasis: 8:03pm On Oct 09, 2011 |
if this happens the price of basic amenities will skyrocket and i no Nigerians to always take advantage of situation transportation and food stuff will go up and will not comeback to the same price even if the price is reveled later |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by silvernus0: 8:03pm On Oct 09, 2011 |
I SUPPORT REVOLUTION MOVEMENT IN NIGERIA LET THIS BEGIN LETS FLUSH OUT ALL THIS GREEDY LEADERS FUEL AT 142.92 Naira ?? THIS INCREMENT DOSE NOT AFFECT THOSE IN POWER BC THEY ALWAYS GET PETROL ALLOWANCE ALLOCATED TO THEM SELVES ONLY THE MASSES SUFFER WHAT IS THE IDEA TO THIS INCREMENT |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by 4Play(m): 8:05pm On Oct 09, 2011 |
toba: The value of money is in what it can buy. The N5 of the early 90s is probably equivalent to N150-N200 today, I'm taking a wild guess but you get the point. There is therefore no point in telling us that fuel used to sell for N5 as if that is a valid argument against fuel increase. |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by jason2010(m): 8:07pm On Oct 09, 2011 |
Great news. The removal of fuel subsidy + naira depreciation to 200 naira per $1 + the Super eagles disgraceful performance yesterday, clearly spells revolution in Nigeria. The revolution has been long overdue. Hopefully we can kill all the corrupt politicians as we revolt |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by Rhino5dm: 8:07pm On Oct 09, 2011 |
[size=33pt]"Thank God Am Not A Nigerians"[/size] Mu he he |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by Sunofgod(m): 8:09pm On Oct 09, 2011 |
jason2010: |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by jason123: 8:11pm On Oct 09, 2011 |
Sun of god: jason2010: pendulasis: You guys know the full story!!! +1 each! You all just spoke the undiluted truth. |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by MMM2(m): 8:13pm On Oct 09, 2011 |
na small thing one 9ja |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by Nobody: 8:17pm On Oct 09, 2011 |
fresh air 200% pump price increase income tax increase naira value decrease everyone except the ruling class is fked into penury |
Re: Current Price Of Petrol Without Subsidy: ₦142.92 Per Litre by pappy2000: 8:18pm On Oct 09, 2011 |
This removal of subsidy is long overdue. This is what the Nigerian people deserve. They voted for their enemies, now they have to face the consequence. The Nigerian people deserve the govt they get.They voted for GEJ not Pdp. Now they must face the consequence of their action, they should face it. |
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