^what specifically was your point?

I read the link and it mentions that Buhari government
rejected IMF
increase our GDP per capita


What has this got to do with the fact that the idea of fuel subsidy is lie.


Tell  me this;
During Buhari's regime,  petrol sold for approx  N00.40k per litre, this when oil prices was about $20/barrel this is price of 40kobo /litre was without any subsidy, yet today our criminal and deceitful government are claming to subsidise petrol that is costing upto N140.00 per litre whilst selling oil at close $100/barrel.

Go and figure!

I am begining to realise that democracy can only work in Nigeria when we Nigerians understand what their rights are in a democracy.

Nigerian masses need to understand they have the right to demand that their government is accountable.

General Abacha was in power when oil prices were just $9/barrel and even then he was able to sell fuel at N11 / litre without claiming the price is subsidise.

He acknowledged that the price of fuel at N11/litre has higher than the cost of production, hence he used the proceeds to set up the Petroleum Trust Fund to maintain infrastructure in the country.

Buhari should get this into his BRILLIANT SKULL that HE CAN NEVER BE THE PRESIDENT OF THIS COUNTRY!!!

That may well be so.

If the elections were not rigged he would be in power today.

However, he  would continue to be the moral conscious of the nation.

I have asked this qiestion before:

Where are Nigerian students?

Nigeria does not seem have a student movement.

in most countries it is students that agitate for change in society

We Nigerians have nobody to blame but ourselves for the corruption in our country.

We just like complaining to each other about misfortune.

No subsidy but he was chairman of PTF that was formed to invest in money that was removed from subsidy by abacha?

Abacha was not so dishonest as to call his fuel tax hikes subsidy removal.

He called it what it is fuel tax, which he then clearly demonstrated what he did with the revenue in setting up the PTF which he appointed Buhari to run.

One of the first thing the thieving Obasanjo did on coming to office was to wind up PTF, so that all proceeds of future fuel price rises could be embezzled

Why are we the Nigerian masses so docile?

During Buhari's reign, Nigeria was able to sell fuel for approx 30 Kobo / litre, and he never claimed to be subsidising fuel.

Go figure.

With due respect brother,is it that you don't have any other thing to do other than finding reasons why your Buhari is the best and others are corrupt? Just let it rest,your man lost the election. Jeez!

People like you are afraid of Nigerians knowing the truth.

Afraid of what? Anyway, i rest my case!

what case?

Your Buahari should be more intelligent than this crapppp.

First, you seems to be the only one dragging this thread
this long since October 2011, noone else seems to be interested.
Nigerians are wiser.

Let me school you. Upstream and Downstream activities are not the same.
Unfortunately, the Shell, Mobil, Chevron, Agip etc involved in upstream activities
do not belong to Nigeria. You cannot expect to get free crude from them.
They too are in business to make money. They produce and in partnership with NNPC sell crude.
Nigeria's own 54% or so share goes into Federation Account (to be shared by all three tiers of government),
Excess Crude Accounts/SWF and 13% derativation to oil producing states.  Your Buhari analogy that all Nigeria
needs to pay for is cost of labour is outright deceit.

If you say there is no subsidy why is fuel selling for N177 (Ghana), N184 (Cameroon), N179 (Togo) and N174 (Benin)?
These are examples of countries with zero subsidy regimes.

There is nobody in the world who understands the Nigerian Petroleum Sector better than Buhari.

If Buhari tells you that the idea of subsidy is a lie, we better pay attention.

These countries are not net exporters of crude oil.

Compare our fuel prices with other members of OPEC.

Please explain how Buhari was able to sell fuel for N 00.30 kobo/litre whilst not claiming to subsidise fuel.

gregg2:






If you say there is no subsidy why is fuel selling for N177 (Ghana), N184 (Cameroon), N179 (Togo) and N174 (Benin)?
These are examples of countries with zero subsidy regimes.

One of the characteristics of all lies, is that it is inconsistent.

The GEJ , his Finance Minister Ngozi Okonjo Iweala, Sanusi CBN governor, NNPC are not able to give the same figure when asked to quantify the level of subsidy.

Ayatollah Buhari Bin Laden will soon be pushing up daises, so his vacuous words are of zero consequence in the real world.

^^^

@Jakumo,

I laughed for about 15 minutes non-stop at this your picture.

Jakumo, needs to let us know whether he dislikes Buhari because his father may have been one of the corrupt politicians that Buhari had imprisoned

Oya answer

[size=18pt]A lie is always inconsistent:[/size]

HOUSE OF REPS FUEL SUBSIDY PROBE:

Farouk Lawan: what is Nigeria’s daily fuel consumption?

Diezieni: 52million Liters
NNPC: 35m liters
DPR: 43m liters
PPPRA: 24M liters
Okonjo: 40M liters

Farouk Lawan: What was the subsidy for 2011?
Diezieni: 1.4Trillion
Okonjo: 1.3Trillion
CBN: 1.7Trillion

Farouk Lawan: Can we have the KPMG REPORT?
Okonjo: I have to go through the report first
Diezieni: I have not seen the report

Farouk Lawan: What is the production capacity of our local refineries?’
NNPC: 30%
PPPRA: 20%
DPR: 13%
Diezieni: 15%

Farouk Lawan: Does Nigeria pay subsidy on locally refined Products?
Diezaini: it depends
NNPC: The lay man cannot understand how it’s done
PPPRA: yes
DPR: No

Farouk Lawan: Why is Kerosene still scarce?
Diezieni: Because its use by the aviation industry as aviation fuel
NNPC: Because there is no subsidy so NNPC overstretched its resources
PPPRA: it’s not properly deregulated

Farouk Lawan: what is the balance in the subsidy accounts?
Diezieni: it’s a virtual account
NNPC: There is no account in existence as the lay man will look at it
PPPRA: The account is a technical one
CBN: There is no account with us for subsidy
Okonjo: The account exists but not with a bank.
Hmmm, abracadabra, the more you see the less u understand!