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Peter Obi Speaks On Petrol Subsidy - Politics (3) - Nairaland

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FG Owes NNPC ₦‎2.8 Trillion Spent On Petrol Subsidy - Mele Kyari / Peter Obi Speaks On PDP-APC Clash At Dei-Dei Market / Peter Obi Speaks On His Houses In London (2) (3) (4)

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Re: Peter Obi Speaks On Petrol Subsidy by Qtrpst4: 1:45pm On Jul 06, 2022
His lies are better than the lies your agbado master told us when he was bringing the dullard in the rock and still tells about his age, certificate and source of wealth



Officialgarri:

No matter how hurting it is for the nation's wealth, fuel subsidy is one of the few ways that the government is directly giving back to the people.

I still don't know how we were cajoled to protest against fuel subsidy in 2012 (perhaps except for the looting)

What do I mean? Take a look at the price of our deregulated diesel flying high at #810, 850 and above and see the harsh effect on food prices and cost of long journeys.

If Peter Obi has an alternative to fuel subsidy that the world doesn't know of, he should hint us. It would be disappointing to ride to victory using lies

1 Like

Re: Peter Obi Speaks On Petrol Subsidy by Samuelnze(m): 1:45pm On Jul 06, 2022
DenreleDave:
He dint even offer a solution yet they are hailing me..

Chai Peter him tu lie
Don't you know that he has opponents? Do you want his opponents to know the solution,wait until he wins election,then you will see watsup.cheers
Re: Peter Obi Speaks On Petrol Subsidy by Nobody: 1:46pm On Jul 06, 2022
fyneguy:
Lol

This guy sensationalizes everything.

He does not address issues to a logical end.

He just reels out stats to impress listeners without offering a reasonable solution.

Subsidy is a delicate national issue. Until we have local production capacity, its removal will hurt this weak economy.

Dangote refinery should come on board. FG should strike a contract refining deal with him. He can also be paid for refining with crude oil. That will tremendously reduce pressure on forex and freight costs. It will boost Naira value, as over 50% of our forex goes to oil importation.

That is the only way subsidy can be addressed.

Peter Obi is just a noisemaker


Obi is not a noise maker. He said he will offer something different. That means he has a plan. What if his plan is what you suggested? It is better he keeps some of his plans to himself till we are close to the elections. He can present them during presidential debates.
Whatever you call Obi, he is still the only presidential candidate talking about our problems and proffering solutions. He is the only one who has demonstrated both willingness and readiness to tackle Nigeria's myriad problems

2 Likes

Re: Peter Obi Speaks On Petrol Subsidy by casualobserver: 1:46pm On Jul 06, 2022
A man who aspires to be president that doesnt have a clear position on subsidy is clearly not ready to govern Nigeria. Subsidy is costing us too much but it is clear it cannot be removed until the local STATE owned refineries are working. You dont require a Ph.d to realise that. All that "we will study" what are you studying that you havent studied since Occupy Nigeria subsidy protest?

if you dont have a clear position on subsidy, security, restructuring, economic growth, state police (on all of which this impostor has none) you are not ready to be president of Nigeria and you should not grant interviews until you do.

I dont know how a man in labour party wants to remove subsidy when it is the same labour movement that will grind the country to a halt. i dont know how you want to execute any economic blue print when we spend the equivalent of 33% of our federal budget on subsidy! 2023 subsidy alone will build lagos ibadan rail 5 times. That is how crucial subsidy is and 7 months to an election you dont have a clear position?

This man is a joker!!!!

2 Likes

Re: Peter Obi Speaks On Petrol Subsidy by tunjilana: 1:46pm On Jul 06, 2022
hero2000:
When is Dangote refinery going to start production? Even if fuel subsidy is removed, local production will still reduce the full impact of Subsidy removal.
Petrol won't sell for #165 for sure.

Is Dangote a charity organization? Local production by who, govt or private entity?
Re: Peter Obi Speaks On Petrol Subsidy by Nobody: 1:46pm On Jul 06, 2022
IgOga:
For a nation that has crude oil in abundance.....build more refineries, invite investment in refineries, encourage state governments especially oil producing states to build their own refineries and the issue of subsidy will die a natural death.

But it has to go first...so that someone would refine fuel at N200 and sell at N230 to marketers and then marketers can sell at N250-300 (FIGURES GIVEN ARE HYPOTHETICAL...although domestic refining of fuel should not cost less than N200 a liter) so that the profit would be there to build, maintain and upgrade refining potential in this country.

We are using the money we could have used for more refineries on subsidy, and have been doing so for decades. And apart from Dangote and a few others, no one wants to come and invest in refinery, refine fuel at N200 and more,per liter and sell it at N165 or less....and lose money.
Re: Peter Obi Speaks On Petrol Subsidy by Glycosunde: 1:47pm On Jul 06, 2022
What Peter Obi is saying in a nutshell about the alternative is that if Nigeria had used 50% of the subsidy money in the last 10years on Power we would have be generating more than 20,000MWs by now and that is one of the alternatives he means. You can see that he said he will have to have alternatives like telling Nigerians what the actual amount that is paid for subsidy and what it will be used for when removed like providing better healthcare, education and power to name a few.

Meanwhile:My household, friends and I are all OBIdients


VOTE MASSIVELY FOR PETER OBI. 2023 ASO ROCK is POssible

1 Like

Re: Peter Obi Speaks On Petrol Subsidy by codelearner: 1:47pm On Jul 06, 2022
Officialgarri:

No matter how hurting it is for the nation's wealth, fuel subsidy is one of the few ways that the government is directly giving back to the people.

I still don't know how we were cajoled to protest against fuel subsidy in 2012 (perhaps except for the looting)

What do I mean? Take a look at the price of our deregulated diesel flying high at #810, 850 and above and see the harsh effect on food prices and cost of long journeys.

If Peter Obi has an alternative to fuel subsidy that the world doesn't know of, he should hint us. It would be disappointing to ride to victory using lies



Not sure you listened to his interview, being frank with you, if the excesses in the cost of governance is curtailed, we could have 30 - 40% of enough money to increase workers pay and remove the fuel subsidy.
Who said real business men or investors could not be given license to establish modular refineries and refine these products within Nigeria, does it take 4 years to do that. The issue we have with our leaders are sincerity of purpose, if the present crop of leaders want to give license for modular refineries, instead of giving it to the people that will create value with it, they will never do that instead they will share it with their cronies and also give them some grants from our common wealth to take off knowing fully well that none of them will build.

The issue that is worrisome for the masses is that while the Government shares that we are in hard times, it does not reflect in any expenditure that is related to our leaders.

Do you know how much we as a country could save if all Presidents and State Governors take that path of Peter Obi to forfeit Gratuity and Pensions or at best take same rate on pension and gratuity as the highest grade in Civil service. We the masses are angry because our leaders ask us to tighten our belt for the hard-times but keep expending our common fund on frivolities.

1 Like

Re: Peter Obi Speaks On Petrol Subsidy by Nobody: 1:48pm On Jul 06, 2022
Glycosunde:
What Peter Obi is saying in a nutshell about the alternative is that if Nigeria had used 50% of the subsidy money in the last 10years on Power we would have be generating more than 20,000MWs by now and that is one of the alternatives he means. You can see that he said he will have to have alternatives like telling Nigerians what the actual amount that is paid for subsidy and what it will be used for when removed like providing better healthcare, education and power to name a few.

Meanwhile:My household, friends and I are all OBIdients


VOTE MASSIVELY FOR PETER OBI. 2023 ASO ROCK is POssible

Yeah he was right, but that means paying more for fuel...which most Nigerians do not want. That's why it hasn't happened.
Re: Peter Obi Speaks On Petrol Subsidy by Maxpro121: 1:48pm On Jul 06, 2022
kozmokaz:
grin

Truth is majority of the fuel consumed in Nigeria goes to power generation!

That's true, so handling the issue of electricity could offset fuel consumtion by 40 to 50%
Re: Peter Obi Speaks On Petrol Subsidy by SIRTee15: 1:48pm On Jul 06, 2022
Peter Obi said nothing.
Every govt in power knows subsidy has to go but are they ready for the consequence?
revolt and possible violent protest from the masses, uncontrolled inflation and rising cost of living is the inevitable outcome. Is Peter Obi ready for Nigerians to buy fuel at N800 per litre. That's the issue, not telling us what u will do with the subsidy money. Obasanjo, Jonathan and Buhari govt already sold that to Nigerians but didnt work.
Those ARISE presenters were too soft on him. They should have asked him if it makes sense to remove subsidy at a time the world is grappling with global inflation and rising energy cost.

All Nigerians politicians are lazy and lack critical thinking. Always looking for the easier way out. Peter Obi is no exception.
The permanent solution to fuel subsidy is to have domestic refining capacity that can cater to the energy needs of Nigerians. simple. That was the answer I expected from Peter Obi and then tell us how his govt will build the refining capacity.

He kept ranting about cuting cost while Gov of Anambra and ran the state on shoe-string budget. If that's what he wants to attempt at abuja as President, then he's a clown. Ordinary NNPC will frustrate him, bring foreign auditors with forensic auditing, nothing will come out of it.

Most Nigerian governors run their states like personal estates. Some comissioners cant even approve simple pencils in their office without the gov approval, that cannot be extrapolated to Abuja.
Nigeria is too big and complex for a top to bottom admistrative system. restructure the country and let the system be micro-managed from the regions. That's the only sensible way out.
Re: Peter Obi Speaks On Petrol Subsidy by alphaNomega: 1:49pm On Jul 06, 2022
The same nonsense Buhari was saying before 2015

The bastarf entered and told Kemi his side chicken to rename it under-recovery
Re: Peter Obi Speaks On Petrol Subsidy by Nobody: 1:49pm On Jul 06, 2022
codelearner:




Not sure you listened to his interview, being frank with you, if the excesses in the cost of governance is curtailed, we could have 30 - 40% of enough money to increase workers pay and remove the fuel subsidy.
Who said real business men or investors could not be given license to establish modular refineries and refine these products within Nigeria, does it take 4 years to do that. The issue we have with our leaders are sincerity of purpose, if the present crop of leaders want to give license for modular refineries, instead of giving it to the people that will create value with it, they will never do that instead they will share it with their cronies and also give them some grants from our common wealth to take off knowing fully well that none of them will build.

The issue that is worrisome for the masses is that while the Government shares that we are in hard times, it does not reflect in any expenditure that is related to our leaders.

Do you know how much we as a country could save if all Presidents and State Governors take that path of Peter Obi to forfeit Gratuity and Pensions or at best take same rate on pension and gratuity as the highest grade in Civil service. We the masses are angry because our leaders ask us to tighten our belt for the hard-times but keep expending our common fund on frivolities.

1.Cutting government money and costs won't raise enough cash. At best it won't reach a trillion. Subsidy costs right now are around 5 trillion

2. You cannot build refinery...modular or otherwise, and refine fuel at 200 naira or more per liter...and sell it at N165 per liter. No profit to pay for refinery upkeep and expansion.
Re: Peter Obi Speaks On Petrol Subsidy by Chijeep(m): 1:51pm On Jul 06, 2022
shortIGBOman:
Even if Peter ObiTUARY promised to give us free fuel, food and everything. We still won't vote him.

Make una rest
You're expecting him to promise #50/ltr as ur messiah Buhari did but you're saddened that he spoke just as someone who's not in power yet
Re: Peter Obi Speaks On Petrol Subsidy by PotatoSalad(m): 1:51pm On Jul 06, 2022
casualobserver:
But as usual he never answered the question
You want expo abi?
What does your bat have to say?
Re: Peter Obi Speaks On Petrol Subsidy by kellyzaf(m): 1:51pm On Jul 06, 2022
fyneguy:
Lol

This guy sensationalizes everything.

He does not address issues to a logical end.

He just reels out stats to impress listeners without offering a reasonable solution.

Subsidy is a delicate national issue. Until we have local production capacity, its removal will hurt this weak economy.

Dangote refinery should come on board. FG should strike a contract refining deal with him. He can also be paid for refining with crude oil. That will tremendously reduce pressure on forex and freight costs. It will boost Naira value, as over 50% of our forex goes to oil importation.

That is the only way subsidy can be addressed.

Peter Obi is just a noisemaker


Op ur mumu still never do by now? Na waooh
Ur Apc that gave u all what u want to hear during the 2015 election, what has the Apc do about all those promises and what hv u done or say about it, but u r here attacking someone that just answered a sensitive question with wisdom. Grow up bro.
Re: Peter Obi Speaks On Petrol Subsidy by theultimatep3(m): 1:51pm On Jul 06, 2022
fyneguy:
Lol

This guy sensationalizes everything.

He does not address issues to a logical end.

He just reels out stats to impress listeners without offering a reasonable solution.

Subsidy is a delicate national issue. Until we have local production capacity, its removal will hurt this weak economy.

Dangote refinery should come on board. FG should strike a contract refining deal with him. He can also be paid for refining with crude oil. That will tremendously reduce pressure on forex and freight costs. It will boost Naira value, as over 50% of our forex goes to oil importation.

That is the only way subsidy can be addressed.

Peter Obi is just a noisemaker


Did u read the article
Re: Peter Obi Speaks On Petrol Subsidy by EfonAlaaye2023(m): 1:51pm On Jul 06, 2022
pityobi the noisemaker, igbo candidate
Re: Peter Obi Speaks On Petrol Subsidy by Glycosunde: 1:52pm On Jul 06, 2022
Subsidywise20:


Yeah he was right, but that means paying more for fuel...which most Nigerians do not want. That's why it hasn't happened.

But that is the only way to go and trust me just like he said when people see the alternatives they will gladly pay and be contented. Imagine have a steady 18hours of power everyday. That will reduce those that will buy fuel and diesel and even gas as some can use hotplate to cook. It will reduce the dependence on crude oil. Talk about education and healthcare and so many more. once we all see the utilization we will adjust and when the demands becomes low, the price will definitely go down too. 14 babies died in incubators the other day because of power outage. Something that could have been very much avoided.
Re: Peter Obi Speaks On Petrol Subsidy by Nobody: 1:52pm On Jul 06, 2022
shortIGBOman:
Even if Peter ObiTUARY promised to give us free fuel, food and everything. We still won't vote him.

Make una rest
I Pity your mother. see wetin she born as pikin. where she no even get pikin patapata beta pass
Re: Peter Obi Speaks On Petrol Subsidy by Chijeep(m): 1:52pm On Jul 06, 2022
fyneguy:
Lol

This guy sensationalizes everything.

He does not address issues to a logical end.

He just reels out stats to impress listeners without offering a reasonable solution.

Subsidy is a delicate national issue. Until we have local production capacity, its removal will hurt this weak economy.

Dangote refinery should come on board. FG should strike a contract refining deal with him. He can also be paid for refining with crude oil. That will tremendously reduce pressure on forex and freight costs. It will boost Naira value, as over 50% of our forex goes to oil importation.

That is the only way subsidy can be addressed.

Peter Obi is just a noisemaker
You're expecting him to promise #50/ltr as ur messiah Buhari did but you're saddened that he spoke just as someone who's not in power yet
Re: Peter Obi Speaks On Petrol Subsidy by Nobody: 1:53pm On Jul 06, 2022
Glycosunde:


But that is the only way to go and trust me just like he said when people see the alternative they will gladly pay and be contented. Imagine have a steady 18hours of power everyday. That will reduce those that will buy fuel and diesel and even gas as some can use hotplate to cook. It will reduce the depebndence on crude oil. T

You are right, (I'm not an Obi supporter but subsidy has to go).

But try supporting subsidy removal in Nigeria....
Re: Peter Obi Speaks On Petrol Subsidy by kachistone: 1:53pm On Jul 06, 2022
Officialgarri:

No matter how hurting it is for the nation's wealth, fuel subsidy is one of the few ways that the government is directly giving back to the people.

I still don't know how we were cajoled to protest against fuel subsidy in 2012 (perhaps except for the looting)

What do I mean? Take a look at the price of our deregulated diesel flying high at #810, 850 and above and see the harsh effect on food prices and cost of long journeys.

If Peter Obi has an alternative to fuel subsidy that the world doesn't know of, he should hint us. It would be disappointing to ride to victory using lies

Kindly read the story. You will see the alternative he talked about.
Re: Peter Obi Speaks On Petrol Subsidy by depremore: 1:53pm On Jul 06, 2022
shortIGBOman:
Even if Peter ObiTUARY promised to give us free fuel, food and everything. We still won't vote him.

Make una rest

You can't be an igboman cause Igbo people are not this senseless
Re: Peter Obi Speaks On Petrol Subsidy by Obyino: 1:55pm On Jul 06, 2022
The good people of Nigeria will decide
Re: Peter Obi Speaks On Petrol Subsidy by Mrkumareze(m): 1:56pm On Jul 06, 2022
Subsidywise20:


Yes, it would...but it would mean that we no longer spend the money on subsidy...and prices go up.

Which is politically expensive...which is why no one has removed subsidy...and why anytime people like me suggest it, it is met with abuse.

Nigerians wuve subsidy. They wuve it too much.

We been living in deceit, u must have heard the saying *no pain, no gain*.. I see no reason we should import fuel, infact I rather make bunkering free for all than to encourage this scam called subsidy.. APC and PDP are not sincere to us.
Do u know we can even license foreign investors and give them the mandate to refine their crude here in Nigeria? We have many options on how to better this country but our politicians has chosen to keep us this way.
If you go to most Asian countries, they have their own toyota cars, Honda, BMW s etc.. they do dis to create jobs within and also limit Importation which in return keep their currency stable..
Re: Peter Obi Speaks On Petrol Subsidy by OkoroBufo: 1:57pm On Jul 06, 2022
Obi: Subsidy is a scam and I will continue to say it.
Interviewer: Would you remove a scam(subsidy)

Obi: Yes and No.

There's nothing like "Yes and No", it's either a Yes or No.
Obi himself is a scam, a big fraud.

-Okoro bufo

3 Likes

Re: Peter Obi Speaks On Petrol Subsidy by SIRTee15: 1:58pm On Jul 06, 2022
Peter Obi also spoke as if the subsidy money is only for the federal govt if eventually removed. That money will be shared among the three tiers of govt. FG will only get 55% of the money.
so the whole idea of spending 40 billion on education, health and security at federal level is a mirage.
states will do what they like with their own share including Govenors using part of the money to carry ashawo to dubai. its none of peter obi's business.
Nigerians dont let anybody bobo u with sweet talks. we all know the problem of this country, solution is what we looking for. Peter Obi didnt give any meaningful solution apart from saying he will run Nigeria like he did with Anambra. That's a recipe for failure. He cant even run ordinary NNPC like a state, cabals will frustrate him out.
Let's be pragmatic about our future as Nigerians, no one man can change anything in ABUJA. The first step towards any meaningful progress as a nation is RESTRUCTURING. let Nigeria be micro-managed from the regions.
Re: Peter Obi Speaks On Petrol Subsidy by Gentlevip: 1:58pm On Jul 06, 2022
Story
Only if you mean another bold party that has no old pdp and apc elements in it

If u r thinking of NNPP or LP. Then u are talking cow shitting.

The bull shitting is thinking it is the Apc alone that brought this alone without PDP.

My point is overhaul is needed in the entire society. Otherwise Happy shitting
kponkedenge:


You'd be surprised that if a competent administration enters, you'd find out that this figures they are claiming here isn't even as close to what we are actually spending on the subsidy itself.

I keep saying that EFCC isn't doing enough to curb the out-of-control corruption going on in this Buhari's administration.

If we are lucky enough to have another party aside APC win the 2023 elections, the level of corruption that will be uncovered in this administration will be jaw dropping.
Re: Peter Obi Speaks On Petrol Subsidy by PHIPEX(m): 2:00pm On Jul 06, 2022
fyneguy:
Lol

This guy sensationalizes everything.

He does not address issues to a logical end.

He just reels out stats to impress listeners without offering a reasonable solution.

Subsidy is a delicate national issue. Until we have local production capacity, its removal will hurt this weak economy.

Dangote refinery should come on board. FG should strike a contract refining deal with him. He can also be paid for refining with crude oil. That will tremendously reduce pressure on forex and freight costs. It will boost Naira value, as over 50% of our forex goes to oil importation.

That is the only way subsidy can be addressed.

Peter Obi is just a noisemaker
Pls invite Tinubu and Atiku to provide the logical solution. You mean a serious FG should wait for Dangote to rescue Nigerians, is that the logical conclusion you desire?

This was how Buhari was shielded from the media until we found ourselves in this trap.
Re: Peter Obi Speaks On Petrol Subsidy by iike: 2:00pm On Jul 06, 2022
casualobserver:
But as usual he never answered the question

Those questions don't have answers. ok?
Just be Obidient.

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