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Nairaland Forum / Nairaland / General / Politics / Subsidy May Jump By 100% As FG’s Benchmark Oil Price Doubles (12059 Views)
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Subsidy May Jump By 100% As FG’s Benchmark Oil Price Doubles by Omooba77: 8:19am On Mar 06, 2022 |
The projected oil price of the Federal Government of $62/barrel as contained in the 2022 Appropriation Bill has almost doubled going by the current global oil prices, which have been on the increase since the invasion of Ukraine by Russia on February 24, 2022. https://punchng.com/subsidy-may-jump-by-100-as-fgs-benchmark-oil-price-doubles/ 3 Likes 2 Shares
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Re: Subsidy May Jump By 100% As FG’s Benchmark Oil Price Doubles by 3gpvids: 8:25am On Mar 06, 2022 |
Even palm oil too,go up nothing new just that the suffer ga kwatinue 5 Likes |
Re: Subsidy May Jump By 100% As FG’s Benchmark Oil Price Doubles by ugonology(m): 8:49am On Mar 06, 2022 |
This is what you get when you try to run a country like a poultry farm, Where government provides subsidies on everything from petrol, education, agriculture to power generation and distribution to health care. Subsidy is the reason why ASUU will always go on strike (students can't be paying 80$ per section and you expect government to handle the rest) socialist government structures like subsidies will always spell doom for any growing economy, look at Syria and Venezuela. 90% of Nigeria's problem is tied to the senseless spendings on 'hypocritical' subsidies that eventually get looted by the high and mighty. Until we tell ourselves the truth, we will continue to suffer needlessly. 25 Likes 1 Share |
Re: Subsidy May Jump By 100% As FG’s Benchmark Oil Price Doubles by Fvckyouall: 8:49am On Mar 06, 2022 |
Useless liaars, when petrol was $100 was Jonathan not paying the same subsidy and the economy was better than this. Dangote refinery has been completed since last year and is eating dust in lagos 73 Likes 3 Shares |
Re: Subsidy May Jump By 100% As FG’s Benchmark Oil Price Doubles by Akerele44(m): 8:50am On Mar 06, 2022 |
3gpvids:And groundnut oil ; 5 Likes 1 Share |
Re: Subsidy May Jump By 100% As FG’s Benchmark Oil Price Doubles by Perfecttouchade: 8:50am On Mar 06, 2022 |
Hmm...wahala don enter bus from Afghanistan com stop for Naija |
Re: Subsidy May Jump By 100% As FG’s Benchmark Oil Price Doubles by Jackiedemie(m): 8:50am On Mar 06, 2022 |
Hmmm, it's a cost push inflation |
Re: Subsidy May Jump By 100% As FG’s Benchmark Oil Price Doubles by Osamagioghowewi(m): 8:50am On Mar 06, 2022 |
Oil goes price go up una Dey complain ...... 11 Likes |
Re: Subsidy May Jump By 100% As FG’s Benchmark Oil Price Doubles by SarkinYarki: 8:50am On Mar 06, 2022 |
Which subsidy ..shebi Zombies said Jonathan was performing because of 100 dollar oil .at 100 dollar per barrel Jonathan was serving us petrol at 87 naira per litre and kept the subsidy bill below a quarter of what Buhari claims to spend annually ..Low oil price Buhari complained now high oil price he is still complaining 70 Likes 5 Shares |
Re: Subsidy May Jump By 100% As FG’s Benchmark Oil Price Doubles by talktimi(m): 8:51am On Mar 06, 2022 |
A looter continua 12 Likes 1 Share |
Re: Subsidy May Jump By 100% As FG’s Benchmark Oil Price Doubles by Ecos(m): 8:51am On Mar 06, 2022 |
Dem don start again! Y is this country so cursed like this? Nothing is working right now under this useless and lifeless presidiot. Tueh . E no go better for Lord luggard even for the hellfire wey him dey 14 Likes 1 Share
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Re: Subsidy May Jump By 100% As FG’s Benchmark Oil Price Doubles by adekanmbi1986(m): 8:52am On Mar 06, 2022 |
Hmm |
Re: Subsidy May Jump By 100% As FG’s Benchmark Oil Price Doubles by nairalee(m): 8:52am On Mar 06, 2022 |
This one that they're threatening us with subsidy removal everyday. Make dem another occupy Nigeria sharply oo |
Re: Subsidy May Jump By 100% As FG’s Benchmark Oil Price Doubles by Tboymessiah(m): 8:52am On Mar 06, 2022 |
NasoLifeBe!!! The president and his cabal just dey confused.... I dey tell ppu sey Arewa ppu no too get brain to control ppu na only Animal God created them to have lordship on. If u study them na by force dem dey do things, just like animal needs force to be reckoned with. This kind plague no go befall us again 3 Likes |
Re: Subsidy May Jump By 100% As FG’s Benchmark Oil Price Doubles by Firstorderwizard(m): 8:52am On Mar 06, 2022 |
The same APC government complaining of low oil price as the reason for their under performance 17 Likes 1 Share |
Re: Subsidy May Jump By 100% As FG’s Benchmark Oil Price Doubles by ichidodo: 8:53am On Mar 06, 2022 |
Dangote will be kicking himself for not starting his refinery sooner |
Re: Subsidy May Jump By 100% As FG’s Benchmark Oil Price Doubles by iwaeda: 8:53am On Mar 06, 2022 |
Omooba77: Change to next level, even BMC will hear huen |
Re: Subsidy May Jump By 100% As FG’s Benchmark Oil Price Doubles by loadedvibes: 8:53am On Mar 06, 2022 |
Una don come again.. but if we are been truthful shouldn't balance out ? Export and import. Ya all should just tell us you have seen more opportunities to loot |
Re: Subsidy May Jump By 100% As FG’s Benchmark Oil Price Doubles by NairaMaster1(m): 8:54am On Mar 06, 2022 |
Osamagioghowewi: E dey down the complain. Shebi them say PDP enjoyed boom. Now it's booming una wan complain again. 7 Likes 1 Share |
Re: Subsidy May Jump By 100% As FG’s Benchmark Oil Price Doubles by jcross19: 8:54am On Mar 06, 2022 |
I thought there was nothing like subsidy? That was buhari campaign mantra !! But today he paid more subsidy than his predecessors, buhari and his APC are scammers and bandits of economy... 17 Likes 1 Share |
Re: Subsidy May Jump By 100% As FG’s Benchmark Oil Price Doubles by Propsvilla(m): 8:55am On Mar 06, 2022 |
D |
Re: Subsidy May Jump By 100% As FG’s Benchmark Oil Price Doubles by wonder233: 9:00am On Mar 06, 2022 |
The idea was to increase the price of fuel. This so called scarcity was just a ruse to achieve that. If you've been buying fuel at 1k or 700 per litre as it currently is in abj, lagos and some other parts of the country, you will be glad when they tell you the product will be readily available at 250 per litre at filling stations without stress. Regime apologists, , seunmsg, Fiscus105, and others who would rather call people despicable names for wanting things to get better in this country, I hope you guys haven't suddenly gone dumb and blind? Why are you guys not commenting on threads like this? 21 Likes 1 Share |
Re: Subsidy May Jump By 100% As FG’s Benchmark Oil Price Doubles by iLegendd(m): 9:01am On Mar 06, 2022 |
Chai! Our oil. This tall rat in Aso Rock will still useless it and blame PDP or Jonathan. 7 Likes |
Re: Subsidy May Jump By 100% As FG’s Benchmark Oil Price Doubles by TA4TA4: 9:02am On Mar 06, 2022 |
It will only get worse... Till we get rid of the present crop of evil leaders we have.... First education minister walked out of NANS members after aired their views on the present strike.... Then one old okpo came out to tell us that tye reason why we have a drop in power supply was cause water level in our dams reduced.... How does countries like dubai generate theirs all year round? https://www.youtube.com/watch?v=ex__6LcJr8E Chai..... Na to round all our leaders up... Surround them with these kind guys... Make them popo them Wella |
Re: Subsidy May Jump By 100% As FG’s Benchmark Oil Price Doubles by 07kjb: 9:04am On Mar 06, 2022 |
How did this people play our economy into a dangerous net like this Price hike in oil that is supposed to be a good news in all ramifications is somehow not gonna benefits the people...God forbid 3 Likes |
Re: Subsidy May Jump By 100% As FG’s Benchmark Oil Price Doubles by alphaconde(m): 9:05am On Mar 06, 2022 |
whats the meaning of this news will we pay more or less for petroleum? |
Re: Subsidy May Jump By 100% As FG’s Benchmark Oil Price Doubles by iLegendd(m): 9:06am On Mar 06, 2022 |
Firstorderwizard:They will tell you the rise only lasted for a month and still blame Jonathan. 5 Likes |
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