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Nairaland Forum / Nairaland / General / Business / 'Oil Subsidy Is Fiction' - Professor Tam David-West (13815 Views)
Another Writer Supports Buhari's View That Fuel Subsidy Is Fiction. / The Removal Of Fuel Subsidy Is Good? / Fuel Subsidy Is A Drain On National Resources - Allison-Madueke (2) (3) (4)
'Oil Subsidy Is Fiction' - Professor Tam David-West by Olaone1: 7:29pm On Oct 28, 2011 |
Oil Subsidy Is Fiction Please, read this: Professor Tam David-West, Petroleum Minister during the era of General Muhammadu Buhari, and Mines, Power and Steel in the General Ibrahim Babangida government, spoke with GBENRO ADESINA on the controversy over oil subsidy removal. http://thenewsafrica.com/2011/10/24/oil-subsidy-is-fiction/ |
Re: 'Oil Subsidy Is Fiction' - Professor Tam David-West by Olaone1: 7:32pm On Oct 28, 2011 |
I personally signed the contract of the fourth refinery which we call new Port Harcourt Refinery in 1984. It was one of the best in Africa, with a capacity of 160,000 barrels per day. The first refinery, in Port Harcourt, was built in 1965; Warri refinery in 1978, and Kaduna refinery in 1980. A newly constructed refinery can’t have major problem for about 30 years. The problem they will not tell you is that after Buhari, every Minister and Head of State became an oil sheikh, except General Abdulsalami Abubakar. |
Re: 'Oil Subsidy Is Fiction' - Professor Tam David-West by Olaone1: 7:34pm On Oct 28, 2011 |
Abdulsalami as head of state, reacting to the state of our refineries, said he didn’t want to open a box of scandal. Why did they do this to the common man? Who are the importers? Big people! |
Re: 'Oil Subsidy Is Fiction' - Professor Tam David-West by Olaone1: 7:36pm On Oct 28, 2011 |
A senator said this year, Nigeria spends N860 million on fuel importation and they projected that by the end of the year, over N1 trillion will be spent on importation of fuel when our budget is N4.3 trillion. Insanity! Dan Etete said they needed $250 million to repair the refineries but the same minister said Nigeria is importing fuel at $900 million. Is that not insanity? If you need this huge amount of money to repair refineries, why don’t you build new refineries? The money you are using to import, use it to build refineries. |
Re: 'Oil Subsidy Is Fiction' - Professor Tam David-West by nku5: 7:41pm On Oct 28, 2011 |
This madness cannot continue. Slowly but surely nigerians will not be able to take all this crap |
Re: 'Oil Subsidy Is Fiction' - Professor Tam David-West by Olaone1: 7:49pm On Oct 28, 2011 |
My question is: why is it always easy for the Federal Government to pay these importers? No importer has ever complained about being owed millions by the FG. Yet, the same FG finds it difficult to pay contractors in other sectors of the economy. Who are these importers? Why is it difficult to name them? |
Re: 'Oil Subsidy Is Fiction' - Professor Tam David-West by nku5: 8:02pm On Oct 28, 2011 |
@ ola one - you are asking why its hard to name them, isn't that the usual story. I have to find out how to exercise the freedom of info act. The sad thing is that the act was altered to keep us from asking about issues of finance. I tire for this country |
Re: 'Oil Subsidy Is Fiction' - Professor Tam David-West by werepeLeri: 8:30pm On Oct 28, 2011 |
i THOUGHT THIS MAN TAM DAVID WAS PART OF THE IBB government that started fuel subsidy removal? Someone remind me! |
Re: 'Oil Subsidy Is Fiction' - Professor Tam David-West by nku5: 8:44pm On Oct 28, 2011 |
^^^ honestly I don't care how the truth comes out. He is part of the problem and now he's belatedly blowing the whistle. The time of reckoning is coming. I?e never seen nigerians so fed up |
Re: 'Oil Subsidy Is Fiction' - Professor Tam David-West by Beaf: 10:33pm On Oct 28, 2011 |
Ola one: The importers cannot be named, because they are not acting against the law; and that is the key. The most important thing each of us should understand is that these people have written their activities to defraud the nation to untold scales into the law. The only way to get rid of them is to dump the entire subsidy game. These guys really have Nigeria in a bind. They are ex-heads of state, ex-ministers, ex-generals, ex-oil ministers, ex-NNPC bosses; the owners of Nigeria and they can marshall fearsome economic clout at the snap of a finger. If you really think Dangote is the richest Nigerian, think again. |
Re: 'Oil Subsidy Is Fiction' - Professor Tam David-West by stagger: 1:51am On Oct 29, 2011 |
Who are these "oil cabal" members? Are they faceless? |
Re: 'Oil Subsidy Is Fiction' - Professor Tam David-West by AkoEja: 9:40am On Oct 29, 2011 |
What is this talk about not knowing who these people are? You all know them-Obasanjo, Jonathan,Abdusalam, Babangida, Shonekan, Buhari, etc all have daily allocation of barrels of oil credited to them. The amount of oil thry say Nigeria produces far exceed the official figures. These guys feel its their right to get these. Nkonjo Iweala is a world.bank economist, and their economic prescription have usually been wrong for xiuntries like Nigeria. She doesn't understand all the issues. Before removing oil subsidy,they should deal with the waste and stealing firstalm |
Re: 'Oil Subsidy Is Fiction' - Professor Tam David-West by LloydAchi(m): 9:52am On Oct 29, 2011 |
stagger: Here lies the answer Beaf: If you can remember their names, then they are the ones putting us in this mess. And if care is not taken, they are the ones that don't want the removal. But personally, I don't want the removal "now" because its the poor man that will suffer. Our pple say "when two elephants are fighting, its the grass that suffers". But something has to give. Let the government first fix the refineries and lets fight from there. anything order than that is chaos. |
Re: 'Oil Subsidy Is Fiction' - Professor Tam David-West by frenchman2: 9:58am On Oct 29, 2011 |
Re: 'Oil Subsidy Is Fiction' - Professor Tam David-West by sheyguy: 10:10am On Oct 29, 2011 |
Fuel subsidy doesn't exist but they want us all to pay, i think the reason we are here today is because our attitude of ignorance in the past,permitting past government to carry out this heinous act in the past has brought to this state and they still want to inflict more pain on the masses. |
Re: 'Oil Subsidy Is Fiction' - Professor Tam David-West by Nobody: 10:39am On Oct 29, 2011 |
Thank you Prof David-West, for me, I feel a revolution can gear up, trigger, ignite from Nairaland - Nigerians need to stand up, Nairalanders, please school the senior citizens, the 'ignorant' youths, the misled/confused ones and kids about this 'Fuel Subsidy' thing and reason why they need to revolt against it. - me and my mama don dey ontop the argument for a while now, would be so glad to show this 'read' to her. |
Re: 'Oil Subsidy Is Fiction' - Professor Tam David-West by sexlog(m): 11:09am On Oct 29, 2011 |
Though david west was part of d problem, but atleast is saying d truth. All is afore-mentioned statement is nothing but d truth. One would know at a glance at jonatan that is d type that when asked to jump into d river, he would just look at u & jump. He's not purposeful, he lacks charisma, a coward, no fighting spirit. I cant stop wondering why people voted such creature as a president. |
Re: 'Oil Subsidy Is Fiction' - Professor Tam David-West by Spoils(m): 11:26am On Oct 29, 2011 |
Prof tam david.i am w8in 4 the protest bt nt witout guns,because i wud nt tke a shot 4rm the govt agency 4 ma own rite,if the polis can kill inosent citizens because of 20#,wat den wud bcom of a protest 2 dem n their patnas in crime.no guns 2 kill ds tifs no protest.simple.[color=#990000][/color] |
Re: 'Oil Subsidy Is Fiction' - Professor Tam David-West by POTUT(m): 11:40am On Oct 29, 2011 |
I am the President of Nigeria. I have just been told there is fraud in the Oil Subsidy scheme. I am a purposeful, dedicated and sincere leader. I will expose the fraud and punish the fraudsters. I will not make my people suffer. If my people must sacrifice and suffer to bring this madness to an end, then the perpetrators will suffer even more. last time I checked, the perpetrators were not suffering, but the people were dying of anxiety. |
Re: 'Oil Subsidy Is Fiction' - Professor Tam David-West by Nyntynplus: 12:08pm On Oct 29, 2011 |
HMMN! AS TIME THEY GO FUTURE THEY BAD, IF YOU LYK STEAL AS MUCH AS YOU LYK AND SAVE THEM AS MUCH AS YOU WANT BUT ALL I KNW WHEN DEAD KNOK AT YOUR DOOR, THEIR'S NO WR U CAN BEG FOR BRIBE AND SURELY SNAKES & SCOPIONS ARE WAITING 4 U IN UR GRAVE WHILE HELL IS UR FINAL HOME. |
Re: 'Oil Subsidy Is Fiction' - Professor Tam David-West by sexlog(m): 12:59pm On Oct 29, 2011 |
@beaf, u are right. Only a fool would believe that dangote is d richest man in nig. |
Re: 'Oil Subsidy Is Fiction' - Professor Tam David-West by maasoap(m): 1:01pm On Oct 29, 2011 |
Why are they shouting about subsidy removal but not saying anything about refineries? Money (probably billions of naira) that will be freed from the subsidy removal will used to construct roads, hospitals, buy drugs, books, etc. Then, what will happen to our annual budget which now stands above 4 trillion naira? As usual, I get it. |
Re: 'Oil Subsidy Is Fiction' - Professor Tam David-West by madampresident(f): 3:01pm On Oct 29, 2011 |
d ghadaffis of oil sudsidy.jst wait d appointed day is very close and nigerians will nt spare dem like our comrades in misrata |
Re: 'Oil Subsidy Is Fiction' - Professor Tam David-West by AfroBlue(m): 3:09pm On Oct 29, 2011 |
good article, topic related! Dele Olojede: The worst thing that happened to Nigeria is Oil http://questionmarkmag.com/2011/10/dele-olojede-the-worst-thing-that-happened-to-nigeria-is-oil/ |
Re: 'Oil Subsidy Is Fiction' - Professor Tam David-West by Aderupoko2: 5:49pm On Oct 29, 2011 |
This country is not going anywhere.There are too many greedy and corrupt people everywhere.The worst thing to happen to Nigeria is to have a cluelss president. |
Re: 'Oil Subsidy Is Fiction' - Professor Tam David-West by Nobody: 7:16pm On Oct 29, 2011 |
we talk too much, Lets take action. Prof. Tam shuld start preparing his army of protesterz, Fix d date and venue of meetings where strategies for mobilization will be adopted. Venues shuld cut accross all geo-political zones. Its high time d masses dam any damagogue, If we come together, The power of the powerless will be more powerful dan the powers of the powerful, Action' action' action , |
Re: 'Oil Subsidy Is Fiction' - Professor Tam David-West by rareman(m): 7:40pm On Oct 29, 2011 |
in my farm I produce cassava, now I have cassava in abundant my fathers has destroyed the mortar, I can't pound this for my food. Now for me to eat I ll need to export this raw cassava to another town where they'll make it ok for to eat |
Re: 'Oil Subsidy Is Fiction' - Professor Tam David-West by otokx(m): 7:43pm On Oct 29, 2011 |
talk, talk and no action |
Re: 'Oil Subsidy Is Fiction' - Professor Tam David-West by sexlog(m): 8:01pm On Oct 29, 2011 |
@otokx, talk, talk, talk & talk & talk leads to action. |
Re: 'Oil Subsidy Is Fiction' - Professor Tam David-West by Revolva(m): 10:17pm On Oct 29, 2011 |
Tam David West is a man of integrity he has spoken correctly.Indeed Jonathan talks liek a parrot, true, like a bitch, !!!! As for the subsidy, Its all Fake, No oil is sunsidized in Nigeria, if it were , really pump prices will be like N10 Per liter, and again you dont subsidized what you have in abundance. its funny , The Money allocated to that office created by the Crooks called subsidy are been shared by only 5 cliques, 3 from the North and 2 Yorubas, just 5 clicks are sharing trillions behind 150 Million people back, So the subsidy issue is a BIG FRAUD, Thunder go fire dem |
Re: 'Oil Subsidy Is Fiction' - Professor Tam David-West by luluosas(m): 10:27pm On Oct 29, 2011 |
The 'Occupy' revolution catching the World will surely catch Nigeria. From small small talking to real talking. We will get there anyhow. You want to know the cabals? The Obasanjos, the Otedelos, the Oduahs, the Dangotes, the Adenugas, the Babangidas, the Shonekons, the Anenihs, and the list goes on and on. Jonathan is nothing but, a deceptive hypocrites, an old crook. He is just doing all these to win the sympathy of the poor, as if he really cares, while the cabals are smiling to the banks as always. The same man that prosecuted his last election with 3 billion naira bribe par State, is here screaming that, Nigeria's economy will collapse, if fuel subsidy, a non existent subsidy in the first place, is not removed. They cannot stop us any more. #OccupyNigeriaNow! |
Re: 'Oil Subsidy Is Fiction' - Professor Tam David-West by sidnazious(m): 12:13pm On Oct 30, 2011 |
The issue is not about the integrity of Tam west, the man just spoke his mind, the main issue is that unless some positive comes up Nigeria is going down and there will be untold sufferings in the nearest future. How can a sane man say it takes 5 years to build a refinery? It all boils down to corruption and these old corrupt leaders, God help us. |
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