General Muhammadu Buhari (rtd) has said that all government needs to charge for fuel is made up from following charges:

cost of labour to pump out crude
cost of transportation to and from refineries
and cost of refining oil to produce fuel

Buhari implies that cost of producing the fuel is less than what we are already paying  for fuel.

Where is the subsidy?

subsidy removal is a scam to raise money for the corrupt elite to loot!

[flash]
https://www.youtube.com/watch?v=YmG_dYY7YRA?version=3&feature=player_detailpage[/flash]

A real eye opener!!

How long are we going to continue allowing ourselves to be deceived?

There is d other part of taking out of Nig 4 refining
But even dat's due to Govt incompetence
NO!!! TO SUBSIDY REMOVAL

DrummaBoy

There is no subsidy to be removed

If you pay attention to the video Buhari says we have own refineries and only reason we have to send some crude abroad to be refined is due to corruption which has meant that the refineries are not working at optimal efficiency, but the cost of refining abroad should be minimal if correct agreement are made.

BTW I can now confirm that you and I are not one and same person - as some people are claiming

At the end of the video he says that it is sheer corruption the whole fuel subsidy issue.

Let me remind every one that nobody in the world is better qualified to talk about this issue than Buhari

Among other roles he has fulfilled, he has been:

Petroleum Minister
Chairman of Nigeria National Petroleum Corporation
Chairman of Petroleum Trust Fund
Governor North East
Nigerian Head of State

Nigerians shine your eye well well!

Does any ever remember any government ever quantifying the amount that they are subsiding fuel by?

Of course not!

the reason is because there is no subsidy on fuel

The government is making a profit on fuel sales at is but use the fuel price increase to generate more money to be looted.

Abeg shine your eyes wel well

If there really was a subsidy how come it never ever gets totally removed.

surely if you increase increase fuel prices by more than 100% as Obasanjo did (he increased it by more than 500%), any subsidy would have been totally removed and fuel price put in profit)

Is it becoming clearer?

What is happening to this thread?

One man drama or one man propaganda!

There is no subsidy on fuel to be removed government is simply being decietful by saying it is removing a non-existent subsidy.

Government is just raising price of fuel to raise revenue, so it is really a type of tax.

So why the deceit?

Why does the government just not tell us the reason they want to raise the revenue?

It has got to do with the fact that most of the money it raises would be looted away by the corrupt elite and it is being called a subsidy so that Government would not have to  account for how they are going to spend the money raised.


Why is nobody even asking government to quantify this "subsidy"?


People please open your eyes and take notice, because in a few months you would be effectivley subsidising the lavish lifestyles of our corrupt elites, whilst you are thrown it extreme hardship.


Weep for Nigeria!!!

It's cos haters are to shamed to agree with his point.

People love to criticise Abacha but he at least honest with us, when he raised fuel prices he never claimed it was a subsidy and he showed us what he was doing with the revenue he raised.
The revenue was used to fund infrastructural development via the Petroleum Trust Fund (PTF) that he set up.

One of Obasanjo first action was to shut down the PTF, then raised fuel prices and called it subsidy removal , then nobody question what he had done with the money.

Buhari's logic seems to be flawless!

The house of representatives should summon the petroleum minister to explain to Nigerians how and most importantly WHY the government is subsidizing petroleum products.

If she cannot give a satisfactory answer and it is hard to imagine how she can, she should be removed immediately and replaced with someone else who knows how to run the petroleum industry.

I think Protests on the planned fuel subsidy removal should have 3 demands,

1. Immediate removal of the petroleum minister
2. Immediate suspension of the fuel subsidy removal
3. Elected government officials' pay should be slashed to 1/4th the current value.

for more suggestions on how to make Nigeria better check out the thread @ https://www.nairaland.com/nigeria/topic-764430.32.html

Its really pity that we know all this facts and yet we still prefer to remain in silent and suffer while waiting on the almighty God to help us fight our revolution, we pray too much, we are so stupid that we think one day miracle will happen and all the bad people will die, that's never gonna happen cos they (the bad politician) too pray to God to keep us stupid forever!

I do not support fuel subsidy removal at all.Instead,government shld raise money and repair our refineries.I believe that if they work with maximum capacity,fuel'll readily avaliable at low cost.

This thread should be on the front page but the truth of it will be too embarassing for the powers that be.

We all know our problem is CORRUPTION.How do we tackle it

Govt in and out has been claiming they subsidize fuel, for who? They only subsidized their inefficiency. The subsidy has been removed more than 10 times, how much was the subsidy, why should they be interested in subsidizing when they can call on private sector to build refineries for local use. Why should fuel for domestic consumption be refined outside Nigeria, the haulage fee to and from abroad would not have been necessary. What are the national assembly doing, are they as vision-less as all the past head of state, or are they part of the cabal in the nerve of the nation. Why cant we refine for domestic consumption, many nigerians has foreign refineries all over the world. Remove subsidy and risk the entity called nigeria

Well said and well received from the General whom never had the chance like Awolowo to bring corruption menace to an end.
After my research and investigation i meant to believe that Nigerians problem lies in the hands or the poor, we've sold ourselves to these crooks and as a result they have also traded their conscience in return. you offer yourself but these people you’re trying to liberates does not buy your sentiment, we all believe in Nigeria where basics infrastructure with amazing economy influence but when people couldn’t understand this than to subject themselves into illogical sentiment, tribalism and nepotism you can’t get anything that what we're having now. a country with tremendous resourses but nothing to show for it, disintegration may be the best solution if we are to be sincere to ourselves, it's obvious that we don’t like one another and this is why corruption will be difficult to tackle.

Well said and well received from the General whom never had the chance like Awolowo to bring corruption menace to an end.
After my research and investigation i meant to believe that Nigerians problem lies in the hands of the poor, we've sold ourselves to these crooks and as a result they have also traded their conscience in return. you offer yourself but these people you’re trying to liberates does not buy your idea. we all believe in Nigeria where basics infrastructure with amazing economy influence but when people couldn’t understand this than to subject themselves into illogical sentiment, tribalism and nepotism you can’t get anything that what we're having now. a country with tremendous recourses but nothing to show for it, disintegration may be the best solution if we are to be sincere to ourselves, it's obvious that we don’t like one another and this is why corruption will be difficult to tackle.

^ hmmmmmm

But how sure are you that it is not the corruption that is causing the disunity.

Do you realise that corrupt officials always use the stirring up of tribal or religious sentiments of the unsuspecting masses to divert attention from their corruption and looting?

Nigeria's lack of education and politcal maturity is also a factor.

GenBuhari

quick question in all your summations about the benefits and beauty of the Buhari regime, you fail to mention the fiasco in the 'import licences' very similar to the 'fuel subsidy'. Some of us are old enough to remember and experience, the Buhari/ Idiagbon regime in an attempt to control Nigeria foreign exchange reserves, created/ reformed the import license, whereupon those companies that needed foreign exchange to buy raw materials to run their factories were encouraged to apply for import licences which enabled them buy FX at the government controlled rate (in those it was something similar to $1 to maybe N2).

However just as with the fuel subsidy today the 'import licences' didn't go to the deserving manufacturing companies but to middle men and cronies of the government and civil servants. FX round tripping became the order of the day, the black market flourished for FX. ($1 to N5 in the black market)

There were serious shortages of essential commodities like soap, toilet roll, cooking oil, etc (the term essenco' was developed in everyday speak). Citizens including me had to queue to buy 'essenco'.

The similarity with fuel subsidy and import licences is any government trying to control a market will only come up against 'smart people' trying to circumvent the system Buhari, just like GEJ cannot be present when every single import licence is issued or dollar sold or petrol imported, and those tasked to enforce will be too easily corrupted. It happens in every society where artificial markets are created.

^^^
Beer palour rumours!

provide evidence web links please

@Genbuhari

Beer palour rumours!

provide evidence web links please

[color=#006600][/color]

Evidence links Hahaha

In 1983 I was in my third year in University of Benin, I was a in full support the Buhari coup, (we were still very used to military rule in those days unlike the youth of today). We jubilated (although not in the streets, no such thing as street protest in those days)

I was old enough to queue to buy essenco, my mother was a trader, I used to go with her to Cadbury in Ikeja (and their depot in James Watt in Benin) to try an get allocation of bournvita to sell in Benin (impossible)

It's like a 24 year old man asking in you in 20 years time (ie 2032) to prove the general consensus in the nation today (2012) that certain cabals are feeding fat on the so-called fuel subsidy. Bear in mind the 24 year old man is 4 years old today.

There was no internet in those days and obviously I have no newspaper cutting of the day (actually we used newspaper in place of toilet roll as toil roll was essenco - Concord was the softest).

if you don't believe ask anyone about essenco in the the early 1980's

As a matter of fact Fela was arrested for bringing in a few hundred dollars into Nigeria, all FX had to be registered with the government at that time including money brought into the country. It was IBB's regime that allowed FX to be brought into the country without registering with CBN and banks and that was the beginning of Western Union.

I've made up my mind. If buhari comes up in the next coming election, he'll get my vote. I will never vote any PDP official again neither will i ever vote any AC member into the office of the presidency , I have noticed that PDP and AC party members only quarrel . They quarrel over court judgements, allocations and elections results. They dont ask serious questions about each others motives like you'd expect from a major opposing party in a democracy. They are birds of the same feather.

@ faithin9ja

faithin9ja:

@Genbuhari

Evidence links Hahaha


There was no internet in those days and obviously I have no newspaper cutting

I am confused, are disagreeing wit Buhari that the concept that government subsidises fuel is a lie or not?

Regarding getting news stories from Buhari era, it is possible


[size=18pt]14th March 1984 -  The NY Times
Buhari signs Barter Trade agreement with Brazil who would refine and return Nigeria's oil  in exchange for crude oil[/size]

RIO DE JANEIRO, March 13— Brazil has won an international bidding contest to refine Nigerian oil this year, the state oil company, Petrobras, announced today.

The $1.2 billion agreement calls for Brazil to import Nigerian crude and return refined gasoline, jet fuel and diesel oil to Nigeria, a Petrobras spokesman said. He added that the accord would allow Brazil to reduce its idle refining capacity and earn a margin of profit.

Brazil imports about two-thirds of the one million barrels of oil it consumes daily, mostly from the Middle East. It buys 10,000 barrels daily from Nigeria.



https://www.nairaland.com/nigeria/topic-693700.64.html

GenBuhari

sorry I don't have the wherewithal or time to spend hours trawling through the internet just to prove to you that there was scarcity of everyday household products in 1983 or how the FX market worked in Nigeria in the 80's. You are free to do your own research if you think I am lying.

from your posts you appear to be an avowed supporter of Buhari and what some would call an apologist of military regimes. However if you are an objective person you will see what I am saying is that any form of subsidy will eventually fail. The market should be left to it's own devices in order to succeed.

These policies are regardless of any government. Only in socialist states do governments attempt to control markets. Even Europe with EU agricultural subsidies have suffered many different type of fraud and mismanagement.

[list]
[li]The FX market in Nigeria was deregulated (of sorts) in the late 80's and 90's we all suffered at that time but now anyone can buy and sell FX and the incidents of round tripping have reduced. (I notice in your previous posts you count the artificial pegging of naira to a low dollar as a success)

Telecoms were put in the hands of a state owned monopoly and we know what we suffered in the hands of Nitel - deregulated, we still suffer under the likes of MTN but nowhere near as bad as in the days of Nitel (competition is still improving the market)

Diesel (AGO) was deregulated almost 10 years ago- at the time we all screamed, but now everybody who can afford a tokunbo tanker can go to Apapa and become a supplier of diesel[/li]
[li][/li]
[/list].

[b]My point is the likes of Buhari should stop pointing out the obvious - ie fraud in the supply of petrol and expound real solutions; not their half-baked quasi -socialist solutions such as revitalizing moribund refineries that the government has no business owning, still finding ways for central government to control our lives, even Russia and China have given up on those agenda[/b]s

^ You are missing the point completely.

There is not and never were any subsidy.


This talk of subsidy was used by Obasanjo to justify fuel hikes to raise money to be looted.
As by calling it subsidy removal, the Nigerian public does not question government on what they would use the money for.


Sorry but I disagree with of recollection of Buhari's government, so unless you can come up with evidence, to back up your claims , they would remain beer palour rumours.

GenBuhari:

At the end of the video he says that it is sheer corruption the whole fuel subsidy issue.

Let me remind every one that nobody in the world is better qualified to talk about this issue than Buhari

Among other roles he has fulfilled, he has been:

Petroleum Minister
Chairman of Nigeria National Petroleum Corporation
Chairman of Petroleum Trust Fund
Governor North East
Nigerian Head of State

Nigerians shine your eye well well!

Last time I checked, this coupist was appointed to these positions by, thats right, other coupist. Its time for us to stop recycling old folks.

^ So?
what is your point?

^^^ He's saying Buhari can only be the president of Arewa Republic or Islamic Republic of Northern Nigeria.
make we hear word jare.
BTW, why is Buhari silent on all the bombs coming from his backyard?

http://books.google.co.uk/books?id=i-br73v2yMAC&pg=PA51&lpg=PA51&dq=scarcity+of+essential+commodities+in+nigeria+1983&source=bl&ots=ce3qJTHHUP&sig=acx4NloLCkRWkKWXBUpGjWKTqOQ&hl=en&sa=X&ei=AoUaT6uxO8jP8gPmy5HLCw&sqi=2&ved=0CDYQ6AEwAg#v=onepage&q=scarcity%20of%20essential%20commodities%20in%20nigeria%201983&f=false

http://www.nigerdeltacongress.com/narticles/nigeria%20political%20economy.htm

You try and move beyond personalities and think about policies