Nasir El-Rufai - Those giving economic arguments for or against fuel subsidy withdrawal miss the point totally. It is not about economics. It is about TRUST!
Nasir El-Rufai - No Nigerian trusts GEJ’s administration to use any money for the benefit of the people. Funds are for pocketing by govt officials & friends!
Nasir El-Rufai - The spending pattern & priorities of GEJ since 2010 is evidence of who he cares for and what. Let us look at his budget record from 2010….
Nasir El-Rufai - Between 2010-2011, GEJ has spent N9.557 trillion. N4,427bn in 2010 budget, N645bn supplementary in 2010, N4,485bn in 2011. The results? ZERO
Nasir El-Rufai - Under his watch, we increased our debt stock by about $20bn, ran down excess crude from $6bn to zero, FX reserves from $45bn to $ 30bn…
Nasir El-Rufai - Under GEJ, Dollar exchange rate moved from >N140 to N160 today. Debt stock has doubled to higher than 2005 levels. Interest rates over 20%!
Nasir El-Rufai - And all this is while nearly 10 trillion Naira has been spent on government officials, trips abroad & perquisites/subsidies to politicians!
Nasir El-Rufai - Power supply improvement? Minimal. Jobs created? Zero. Transport Infrastructure? Zero. Agricultural output? Minimal. Private jets? Yes, lots
Nasir El-Rufai - Let us look at the 2012 Budget proposals in some details to see whether GEJ is willing to reduce the high lifestyle of those in power…,
Nasir El-Rufai - We will look at the budgets proposed for three Presidency MDAs – the State House where P & VP work, the Offices of the SGF & Head of Service
Nasir El-Rufai – The three MDAs intend to spend a total of N27bn as “overheads” for 2012. Nearly N2 bn will be spent traveling with N1.675bn in GEJ’s office!
Nasir El-Rufai - Stationery, refreshment & snacks in the Presidency will consume about N2bn, with N1.6bn spent by GEJ & his VP in 2012. Does that make sense?
Nasir El-Rufai - The President & VP intend to spent about N2.8bn to “maintain” their existing furniture, generators, etc, & N238m for fuel! Is this prudent?
Nasir El-Rufai - Miscellaneous spending by the Villa alone totals N1.7bn for food, honorarium & something called “welfare packages” – another security vote!
Nasir El-Rufai - The SGF & Head of Service have over N2.5bn for these “miscellaneous expenses” including nearly N300m for “welfare” & N270m “security vote”!
Nasir El-Rufai - Why can’t some of these areas of waste be cut to fund capital projects & others that benefit the populace like the fuel subsidy?
Nasir El-Rufai - In the 2012 budget, NASS intends to spend N150bn on itself, the same amount as in 2011 to pay those huge allowances. It has NOT been reduced
Nasir El-Rufai - So we will spend about N320m for every NASS member in 2012, as we did in 2011. Where is the shared sacrifice? Where is accountability?
Nasir El-Rufai - In 2012, FG will spend an average of N2.47m on every federal employee. It spent about N3.2 m on every ex-militant in 2011. What about us?
Nasir El-Rufai - We must resist the N8,000 tax being imposed on every man, woman & child to fund the fuel subsidy & insist that FG cuts its own wastefulness!
Nasir El-Rufai - I will tweet further details of the budget in due course….we must sensitize our NASS members to rise to the occasion & rewrite this budget
Nasir El-Rufai - The issue with GEJ is simply that of trust. He has wasted huge financial resources & put us in debt in the last 20 months. We must be wary!
Nasir El-Rufai - We cannot trust with more money as he will only waste more of it. That is the issue & he can only earn that trust through small steps.

D bitter truth

Never knew anyone in govt would still be truthful, but are those involved reading this n not turning a blind eye?

Wow, wow wow
How on earth do these people think, all the brouhaha by sanusi on Nass welfare haven't changed, and the clowns expect us to sacrifice? What is their sacrifice. Now I know who ever supports this subsidy is an outright wicked person. It is true it's not the ECONOMICS it's the people implementing it

Ok he is talkin about trust! Y should we trust him? When he was in government he did some good jobs. Thats a fact, but what of the other things he did that were not in the interest of Nigerians.
If i remember correctly he was the vp unofficially when the presido fellout with his vp.
Y dint he say the truth then, or r we al not sufferin the choices they made in pickin our present president in 2007.Or was he ECONOMICAL with the truth then. Thats y he is sayin its not about ECONOMICS now!lol
Sorry my bad he was promised the minister of energy, so y should he talk. To me al those in the corridors of power cant be trusted.
So al u need to do in 9ja is take the most trustworthy person and give him a political appointment shikenan.