Nairaland Forum

They are not criminals, because it is legal.
Since IBB and Abacha's times, the subsidy has been a legal means to steal money. Both men built private refineries in foreign countries with Nigeria's money and deliberately phucked up our refineries so that they and their cronies could benefit from importing fuel. Abacha built a refinery in Sierra Leone, while IBB built refineries in Benin Republic and Ivory Coast.

GEJ wants to cut out that crap from the Nigerian system and make such theft illegal, just as it should be.

Beaf:

Can you tell us the difference between the bolded and the subsidy? You are very confused indeed.
You don't even have a basic grasp of the subject matter, yet you are attempting to sell cheap sentiments. Earlier, you were angry that GEJ is gonna stop what you call demurrage in Singapore on our own oil. Who are you fooling with your duplicitous stand?

This is like a damn comedy!

Gbawe:

What is simply going on is that GEJ has become President "dead on arrival" as many of us predicted. He knows the 'deals' he made with the AGIPs that means he can never touch their interest as a way to fund the spending Nigeria needs. Rather increase in fuel cost is the only idea this compromised and impotent President can come up with as his personal desperation grows. I remember warning Nairalanders that the "leaner Government not possible" announcement, plus placing NNPC in charge of our Refineries and the projection of a pathetic 1% yearly cut in reccurent expenditure all meant that GEJ has decided to 'batter' ordinary Nigerians. Let us see how things play out. GEJ says not removing subsidy will cripple Nigeria. I say increasing pump price will cripple Nigeria. Let them "remove" subsidy and we will all see what will happen.

Batam:

GEJ should think twice before taking these horrendous decision and he should not allow sycophant to push him to derail democracy. He should know that petrol is the major driver of the economy in Nigeria and failure to consider the poor masses in action may invite chaos and civil unrest. History will not forgive him if he kills our young democracy. He should not because he increase civil servant salary then punish other masses.

Ok, so GEJ wants to stop NNPC paying demurrage on ships in Singapore. Why should that be painful to you if you are not confused?
And why should GEJ explain to Nigerians why that practice is in place, did he start it? No, but he's gonna put an end to that corrupt loophole, so why the crocodile tears, bruv? Who you fooling?

soloqy:

I dont claim to be an expert in oil nor the subsidies thereof but my question is, if GEJ concentrates in building refineries as well as get the old ones working again, would there still be this question of a 'cabal robbing us dry' as they claim? Niger just unveiled their new Refinery. What is so difficult in building infrastructure in Nigeria especially when you hear of the money that passes through government? I voted for and campaigned for GEJ but some things dont just add up.

Removal of the subsidy without fully turning around PHCN would have a very bad effect on people. Do you realise how much, people would be spending to fueling generators in offices and homes? At least, lets be assured of 20 hrs of power in a day before talking of subsidy. Fueling of the car then, can be properly managed and people will learn to drive only when its absolutely necessary and thus decongest the roads a bit. But as long as PHCN is still neither here nor there, the removal would be very dangerous both to GEJ's presidency and to the well being of the people.

Jkorokoro:

@BEAF

Are u GEJ? why do always kiss this mans buttocks every freaking day. May the wrath of God not fall upon your head

Jkorokoro:

@BEAF

will u shut the hell up and stop passing out garbage from your mouth. we all know u have been employed to use online forums to canvass support for your boss GEJ.

You are a curse to our generation

Reptyle:

Mr. Beaf, I confess that I am a complete doofus when it comes to fuel subsidy. I suspect that I share this unfortunate status with most of the commentators up in here. Especially those who like me, do not buy into Jonathan's bubuyaya economic theorems. I humbly request that you enlighten me on this aspect of nuclear physics (abi na rocket science ) called "fuel subsidy" so that we do not continue to remain "clueless," "ignorant" and "confused." I promise to be forever grateful to your "royal intellectualness."

sweet9ja:

When I read that those goons at NAS rejected the proposed removal of subsidy on petrol without even bothering to debate the isue, I said if I was in the shoes of mr. President, I'd introduce it by executive fiat or even go further by declaring a state of economic emergency. I'm really glad that GEJ seem to be thinking thesame.
Folks, I've always maintained that the subsidy on petrol has long outlived it's usefulness. Those who are against deregulation are either ignorant or just selfish 'cos the truth is that the benefit will outweigh the initial pain that it may cause.
Those calling for revolution must remenber that; revolution is like entering a dark tunnel, you don't know what awaits you at the other end.

sweet9ja:

When I read that those goons at NAS rejected the proposed removal of subsidy on petrol without even bothering to debate the isue, I said if I was in the shoes of mr. President, I'd introduce it by executive fiat or even go further by declaring a state of economic emergency. I'm really glad that GEJ seem to be thinking thesame.
Folks, I've always maintained that the subsidy on petrol has long outlived it's usefulness. Those who are against deregulation are either ignorant or just selfish 'cos the truth is that the benefit will outweigh the initial pain that it may cause.
Those calling for revolution must remenber that; revolution is like entering a dark tunnel, you don't know what awaits you at the other end.

klas:

@ beaf, regarding the bolded, No, GEJ is not going to stop nnpc from paying demurrage, he is going to stop government from being responsible for reimbursing the nnpc for the demurrage while you and I bear the full cost and pay.

[b]I always laugh when people talk of the 'fuel cabal' as being the victim of fuel subsidy removal. No it will make no dent on Otedolas, oando tinubus, offors and so on. It is business as usual so long as we continue to import fuel. Infact it is better for them, instead of having to wait and bribe PPPRA to collect the subsidised portion of the full price which they have been charging and will continue to charge, public pays the full price at the fuel stations. Full cash quickly come in  and they pay less interest to banks unlike before when the subsidised portion is tied down in pppra.

What dent has full deregulation of diesel and aviation fuel made on oil importers? Infact they prefer importing those ones.

It is the public that will now have to pay the full price that will notice the difference.[/b]

daguru:

Its the unbearable hardship that would result from the removal of subsidy thats gonna lead to a revolution, NOT THE CLAMOUR FOR IT

warrior01:

@ Beaf, you are right on point; just wish some people can think objectively even for a minute. no doubt, with subsidy removal there will be some pains but on the long run, nigerians will be better for it though still waiting for the disclosure of the palliative measure promised by the F

Jkorokoro:

@BEAF[size=48pt][/size]

if u do not want the wrath of GOD to fall upon your head and your family members stop this rubbish now. may the cries of the homeless, the cries of victims of road accidents that are caused by bad roads due to negligence of corrupt politicians, may the cries of victims of armed robberies not fall upon your head. do not invite the wrath of God into your life. You have been warned

Beaf:

^
Thanks bro. You've got to wonder about peoples real motives when they haven't even heard the govts plans.

If you don't even have a clue about how the so called subsidy works, how do you know it would bring "unbearable hardship?" See rumour mongering levels! Una go make mama Bintu shame o!
Anyway, since you guys say you want clueless revolution, why ain't you happy at the opportunity?

daguru:


@beaf, Kindly respond to the bolded paragraph

I always laugh when people talk of the 'fuel cabal' as being the victim of fuel subsidy removal. No it will make no dent on Otedolas, oando tinubus, offors and so on. It is business as usual so long as we continue to import fuel. Infact it is better for them, instead of having to wait and bribe PPPRA to collect the subsidised portion of the full price which they have been charging and will continue to charge, public pays the full price at the fuel stations. Full cash quickly come in  and they pay less interest to banks unlike before when the subsidised portion is tied down in pppra.

What dent has full deregulation of diesel and aviation fuel made on oil importers? Infact they prefer importing those ones.

It is the public that will now have to pay the full price that will notice the difference.[/color][/b]

daguru:

@ Beaf please ramble about something else other than saying EVERYONE IS CLUELESS ABOUT HOW FUEL SUBSIDY WORKS. I can see you are very far from the realities of the commmon man on the street. I cant help but laugh in pain at what awaits Nigeria if this subsidy is removed.

2n2k:

You thought Beaf did not see klas post? He always avoid the truth or posts that do not accord with his mindset.