egift:
In 2011 alone (an election year), FG budgeted less than N500b, Jonathan ended up spending/looting N1.8trillion in the name of Fuel Subsidy.

Now for 2015 (another election year), Jonathan is projecting 1,000,000,000,000 naira. Who knows the actual sum that will be spent eventually.

Jonathan surely knows how loot with both eyes open.

Stop Corruption, Vote Out Jonathan.

I think they've been deceiving us too much

"The  Nigerian National Petroleum Corporation will spend  N152bn on the repair of  three of the nation’s  refineries in 2013.
Details of the budget show that the total maintenance cost for the Port Harcourt Refinery  by its original builders,  basic engineering design for the Fluid Catalytic Cracking Unit and RFCC plant project  is  estimated at N76.779bn.
A  breakdown of the N76.779bn  indicates that  N43.5bn will be spent on  the refinery’s  rehabilitation, N32.646bn  on the plant project and N636m on basic engineering design.

The total estimated expenditure for the maintenance of the Warri  Refining and Petrochemical Company  is put at N43.12bn.

The NNPC is planning to spend N41.879bn on  the refinery’s  rehabilitation; N159m on  fire detection alarm systems; N286.2m  on replacement of the HP BFW Pumps and Driver 101-P-02B;  and N79.5m  on the  upgrade of the co-boiler instrumentation and burner management system.

The corporation will spend  N32.106bn on the Kaduna Refining and Petrochemical Company. The breakdown  of the N32.106bn   shows that N31.441bn will  go into its rehabilitation and  N317.38m  for  the  reconstruction of FCCU, gasoline tank (51TK14B) and purchase of accessories."

http://www.punchng.com/news/nnpc-plans-to-repair-three-refineries-with-n152bn/color
Punch of 25-12-2013

Please we need answers as to how 100's of billions of Naira was spent on Repair and rehabilitation and yet we are still saying the same thing we said in 2012 Close to 1 trn. Naira subsidy with no improvement.

WE NEED ANSWERS!!!

egift:
In 15 years, PDP could not build a single Refinery - just so they can keep paying themselves and their Fuel Importers Business Billions of Naira.

Stop Corruption, vote out Jonathan.

Graphic designer cum politician. Very uncanny move i must say..i support you though.. just like keshi left. #jonathanmustgo

Did GEJ prosecute subsidy thieves since 2012 ?

I have never seen a government that will make 190 million people suffer because of few friends or loyalists that are receiving subsidies.

The problem is still corruption, start prosecuting subsidy thieves and the amount you spend on subsidy will reduce.

PDP have been in power since 1999, pls give other parties chance and let's see what they can do ..

Sincerely PDP hasn't bring much change to Nigeria since 1999.

bushdoc9919:
Tis a lot of money....that would have been spent on a lot of things like infrastructure projects, universities, etc...

But we wanted cheap fuel (Which we REALLY can't get because we are producing less than we need for domestic consumption, but let's not get too factual here).

The honest truth is that we are importing fuel, the govt does not have money to build new refineries (and the private refineries promised are on the drawing board). Meanwhile, we are exporting less petrol than the United Arab Emirates....and for a population of 160million people(UAE has 8million).

The sad thing is that the fuel subsidy has to go. Yes, we will get high fuel prices, and I for one don't like having to pay up to N200 for a liter of fuel under the new regimen. But the sad thing is that we are pouring money that we do not have down a bottomless pit....and it is high time we stopped.

Ultimately, Nigeria has to get off oil....and become an industrial society. Maybe the oil subsidy money can be used for things like roads, railways, power, etc...that would fuel our industrail development...leading to jobs galore, and an end to unemployment.

But we Nigerians want free things. We don't want to work for our supper. The rich want their free bee money and the poor want their free fuel...Both want their slices of the oil cake...with no thought as to how the cake is baked.

Oil is a curse.

in as much as I get your point, I still vehmently disagree based on the well known fact that the money that would be saved from stopping the fuel subsidy would eventually land into the personal pockets of our corrupt leaders. Yes they claim that it would be used for d needed infrastructural debt in the country but we all know better. Eventually, we will loose at both ends; no subsidy and no improved standard of living. If they really want people to support fuel subsidy removal, they should first work on building the trust of the masses by tackling corruption down to its roots. We will be alot more receptive to change when we know d money will be channeled into the right place.

Kai, Jona don start again! I thought he 'removed' d subsidy on fuel. Haba, is dia no iota of shame in stealing ds days? 2015-2017 ke, who tell u say u go stay beyond May 2015. Anyway, dey shd dat 'There is God ooo'

I'm not surprised, once you see a man been surrounded by 3 witches.....there will always be a trouble. Jonathan been surrounded by Patience, Allison & Okojo-Iwenla..., it is most definitely nothing will work for him. He was a clueless man, he is a clueless man and he will continue to be clueless man. It's just so unfortunate that we should such a man to lead us. It's a dirty slap on all the intellectual in this country.

Interval:
All these money are mostly meant for private pockets

why is your pocket not among?
The same tired old speech has been on for more than 15 years in nigeria why won't nigerians ever change tactics and just move forward una go surprise even though gov't begin dey do everything right and our economy grows even larger, nigeria will still be among the poorest nations in the world #Fact

4Play:


Thank God there are still some intelligent people left in Nigeria. Next to corruption, nothing is as wasteful and harmful as the subsidy programme.

,clearly u and that other commenter should be rounded up and burned at stake for not having the wisdom to know that to whom much is given much is expected. Educate urself and them politicians on strategic planning and management and u will realise u shouldnt wipe ur ass before using the toilet. The discourse on whether subsidy should go can only take place after planning on how the removal wont make life difficult for the masses. U must be self sufficient by some degree which are local refineries which must be built and run. When this is done automatically the quantity imported will drop over a period as also the cost of subsidy payments. The period it takes for local production to meey demand is the time taken to remove the subsidy not with filmsy reasons but because its no longer required. The advantage is that the cost will be on a downward trend till its stoppage. Question one . Since halfing the subsidy payments what strides have been acheived towards local production. How come the demand hasnt changed by more than 10% but we still pay the same or even higher subsidy payments as thougj its a full subsidy plan. I suggest u all tell urselves the truth and stop being partisan. The political class are a bunch of clueless theives

bushdoc9919:


You are asking the good questions....and to answer it all, I would say we need to produce more fuel for domestic consumption. That in my mind is where the problem lies.(Which is why Dangote better hurry up and build the refinery he promised....instead of spending so much time talking about it).It is because we are importing fuel at the high world prices...that is where much of the subsidy money is going to. (and if international oil prices go up...especially with the Iraq situation......oil subsidy money may have to go up too.)

(Of the countries you mentioned, Venezuela and Saudi also produce far more oil than Nigeria....and for lesser populations (Venezuela 37million, Saudi 11 million). Brazil has invested a lot in something called 'green fuel' which is made from sugar cane , and is mixed with the regular fuel (Of course Brazil also has a diversified industrial economy...meaning everything has to work for the industries to work well....including fuel supply)

To sum up....Nigeria needs to produce more oil. If we were producing all of the oil for domestic consumption here in Naija...then the current subsidy regime would have made sense...but this one where we are importing much of the oil we consume at home from abroad...and we expect to pay cheap prices ? Something's got to give.

Dude, you are only trying to sound intelligent. I can tell you, you know nothing about what you speak. Tell us the ball-pack figure of how much these things cost. And don't forget to quote here, how much it cost to import PMS, DPK and AGO into the country and let's see if it's still profitable without subsidy funding.

Ask yourself this, is there any oil company in Nigeria importing fuel without receiving subsidy funds from the government? I can answer this for you. 80% of the oil companies in Nigeria, goes about their normal oil importation business without receiving subsidy funds from the govenment, so the question now is, how do they turn profit? Then, why is the government selectively paying subsidy to some? You need to answer these, if you truly know anything about the topic being discussed.

bushdoc9919:
Tis a lot of money....that would have been spent on a lot of things like infrastructure projects, universities, etc...

But we wanted cheap fuel (Which we REALLY can't get because we are producing less than we need for domestic consumption, but let's not get too factual here).

The honest truth is that we are importing fuel, the govt does not have money to build new refineries (and the private refineries promised are on the drawing board). Meanwhile, we are exporting less petrol than the United Arab Emirates....and for a population of 160million people(UAE has 8million).

The sad thing is that the fuel subsidy has to go. Yes, we will get high fuel prices, and I for one don't like having to pay up to N200 for a liter of fuel under the new regimen. But the sad thing is that we are pouring money that we do not have down a bottomless pit....and it is high time we stopped.

Ultimately, Nigeria has to get off oil....and become an industrial society. Maybe the oil subsidy money can be used for things like roads, railways, power, etc...that would fuel our industrail development...leading to jobs galore, and an end to unemployment.

But we Nigerians want free things. We don't want to work for our supper. The rich want their free bee money and the poor want their free fuel...Both want their slices of the oil cake...with no thought as to how the cake is baked.

Oil is a curse.

This was the exact message they preached when they slashed the fuel subsidy in 2012, if years down the line we are yet to see any difference, removing the subsidy entirely wont.

egift:
In 2011 alone (an election year), FG budgeted less than N500b, Jonathan ended up spending/looting N1.8trillion in the name of Fuel Subsidy.

Now for 2015 (another election year), Jonathan is projecting 1,000,000,000,000 naira. Who knows the actual sum that will be spent eventually.

Jonathan surely knows how loot with both eyes open.

Stop Corruption, Vote Out Jonathan.

1.4 billion to fight ebola

This administration under GEJ is a disgrace to Nigeria, the other billions that was looted by this same people in the name of subsidy we have not seen it, now they have upgraded to trillions of Naira. Thank God some people are thinking, we need another hand in this Government b4 they loot Nigeria to dryness

pekeyim:
I think they've been deceiving us too much

"The  Nigerian National Petroleum Corporation will spend  N152bn on the repair of  three of the nation’s  refineries in 2013.
Details of the budget show that the total maintenance cost for the Port Harcourt Refinery  by its original builders,  basic engineering design for the Fluid Catalytic Cracking Unit and RFCC plant project  is  estimated at N76.779bn.
A  breakdown of the N76.779bn  indicates that  N43.5bn will be spent on  the refinery’s  rehabilitation, N32.646bn  on the plant project and N636m on basic engineering design.

The total estimated expenditure for the maintenance of the Warri  Refining and Petrochemical Company  is put at N43.12bn.

The NNPC is planning to spend N41.879bn on  the refinery’s  rehabilitation; N159m on  fire detection alarm systems; N286.2m  on replacement of the HP BFW Pumps and Driver 101-P-02B;  and N79.5m  on the  upgrade of the co-boiler instrumentation and burner management system.

The corporation will spend  N32.106bn on the Kaduna Refining and Petrochemical Company. The breakdown  of the N32.106bn   shows that N31.441bn will  go into its rehabilitation and  N317.38m  for  the  reconstruction of FCCU, gasoline tank (51TK14B) and purchase of accessories."

http://www.punchng.com/news/nnpc-plans-to-repair-three-refineries-with-n152bn/color
Punch of 25-12-2013

Please we need answers as to how 100's of billions of Naira was spent on Repair and rehabilitation and yet we are still saying the same thing we said in 2012 Close to 1 trn. Naira subsidy with no improvement.

WE NEED ANSWERS!!!

May God punish all this thieves and bless them with inoperable cancers till they die in agony.

Am sorry to say this WE ARE FINISHED !




U DONT BELIEVE CHECK 10 YRS AGO AND TODAY, THEN IMAGINE ANOTHER TEN YEARS

I hear say una want to kill NIGERIANS...no wahala..I dey emigrate to Burkina faso make I go spend my #3500 like a big boy ..if u care to join me holla
.
.
.
.
.
sipping my garri before travelling

The only thing the FG offer to the common on the street like me is fuel subsidy, everything else i pay for.
Whenever these vampires think of austerity measures, they think of the only thing they offer the poor, the fuel subsidy.

Until the finance minister,presidency,senators,rep members, other government workers and co are willing to slash their salaries, over bloated legal and illegal allowances and other freebies they enjoy, they cant talk of fuel subsidy removal.

The only thing this country need to do to free up funds for capital projects and development,is to cut the cost of governance, if those wicked ogas at the top are not willing to do this, then let them stop talking about subsidy removal.

Criminals in power,they want to use it to fund Jonathan's campaign...thie same tin happened during the last presidential election...subsidy money skyrocketed to billions of dollars...Jonathan will vomit in due time

bushdoc9919:
Tis a lot of money....that would have been spent on a lot of things like infrastructure projects, universities, etc...

But we wanted cheap fuel (Which we REALLY can't get because we are producing less than we need for domestic consumption, but let's not get too factual here).

The honest truth is that we are importing fuel, the govt does not have money to build new refineries (and the private refineries promised are on the drawing board). Meanwhile, we are exporting less petrol than the United Arab Emirates....and for a population of 160million people(UAE has 8million).

The sad thing is that the fuel subsidy has to go. Yes, we will get high fuel prices, and I for one don't like having to pay up to N200 for a liter of fuel under the new regimen. But the sad thing is that we are pouring money that we do not have down a bottomless pit....and it is high time we stopped.

Ultimately, Nigeria has to get off oil....and become an industrial society. Maybe the oil subsidy money can be used for things like roads, railways, power, etc...that would fuel our industrail development...leading to jobs galore, and an end to unemployment.

But we Nigerians want free things. We don't want to work for our supper. The rich want their free bee money and the poor want their free fuel...Both want their slices of the oil cake...with no thought as to how the cake is baked.

Oil is a curse.

What rubbish the government does not have money for refinery??....the proposed 1 trillion won't it build us 2 or more?? The money wasted on rail can't it build us one??...forget joor this guy's are jst bastards trying to use our head that is why we sef have insisted they most not increase the fuel price.

And this problem of overbloated cost of governance is not a GEJ or PDP problem,as there are no sign to show that the APC is any better. APC have members on the senate house,house of rep. How many times have any of them raised a motion to slash the overbloated salaries and allowances? None. It's obvious that they part of the elite, they are used to luxurious life styles, and they cant stop now, so the poor must finance their life styles, which is why they look into subsidy removal and never to reduce the cost of governance.

This is not a battle between APC and PDP,as they are two sides of the same coin, known as the elites. This is a battle between the elites and the commoners which i am part of.

small time now garri go cost! And my garri don dey finish for house!

GEJ is a gaddem fraudster.... Another election year another fraud. SURE-P is nothing buy food for GEJs cabal cohorts. God punish Devil come 2015

bushdoc9919:
Tis a lot of money....that would have been spent on a lot of things like infrastructure projects, universities, etc...

But we wanted cheap fuel (Which we REALLY can't get because we are producing less than we need for domestic consumption, but let's not get too factual here).

The honest truth is that we are importing fuel, the govt does not have money to build new refineries (and the private refineries promised are on the drawing board). Meanwhile, we are exporting less petrol than the United Arab Emirates....and for a population of 160million people(UAE has 8million).

The sad thing is that the fuel subsidy has to go. Yes, we will get high fuel prices, and I for one don't like having to pay up to N200 for a liter of fuel under the new regimen. But the sad thing is that we are pouring money that we do not have down a bottomless pit....and it is high time we stopped.

Ultimately, Nigeria has to get off oil....and become an industrial society. Maybe the oil subsidy money can be used for things like roads, railways, power, etc...that would fuel our industrail development...leading to jobs galore, and an end to unemployment.

But we Nigerians want free things. We don't want to work for our supper. The rich want their free bee money and the poor want their free fuel...Both want their slices of the oil cake...with no thought as to how the cake is baked.

Oil is a curse.

on point and well informed. .... bushdoc9919

niggereyez:

on point and well informed. .... bushdoc9919

please which oil company are they paying the money to?

Eddygourdo:
,clearly u and that other commenter should be rounded up and burned at stake for not having the wisdom to know that to whom much is given much is expected. Educate urself and them politicians on strategic planning and management and u will realise u shouldnt wipe ur ass before using the toilet. The discourse on whether subsidy should go can only take place after planning on how the removal wont make life difficult for the masses. U must be self sufficient by some degree which are local refineries which must be built and run. When this is done automatically the quantity imported will drop over a period as also the cost of subsidy payments. The period it takes for local production to meey demand is the time taken to remove the subsidy not with filmsy reasons but because its no longer required. The advantage is that the cost will be on a downward trend till its stoppage. Question one . Since halfing the subsidy payments what strides have been acheived towards local production. How come the demand hasnt changed by more than 10% but we still pay the same or even higher subsidy payments as thougj its a full subsidy plan. I suggest u all tell urselves the truth and stop being partisan. The political class are a bunch of clueless theives

Before you send me to the stake consider this

1.Our refineries are not operating at full capacity

2.Even if they were operating at full capacity...we still have to import to make up the projected shortfall in domestic production (and recall that oil prices are very high....and are set to rise up).

3,And we are paying subsidy money, on top of the billions spent on importation(and some oil subsidies are being paid to importers)

4.And we are not producing enough fuel....we produce far less than the UAE and even Saudi.

That is the problem....ultimately the oil money is not enough and the subsidy money needs to be spent on industrial support infrastructure...so that we can get off oil.

Oil is a curse.

Wot are dey subsidizing wen alrdy fuel price is @ N97, I believe Jonathan want 2 use dis money to campaign for election and to wot gud is dis administration wen d only increase we experience are negative increase while dia is great decrease in positive event. If govt want to judiciously use dis nations wealth let dem start by providing employment pay graduate b4 dey secure employment and stop d sales of generator make d power sector better to reduce consumption of fuel in order 2 increase exportation thereby reducing importation of fuel.and doing away wt corruption 2 make naija a better country

pekeyim:
I think they've been deceiving us too much

"The  Nigerian National Petroleum Corporation will spend  N152bn on the repair of  three of the nation’s  refineries in 2013.
Details of the budget show that the total maintenance cost for the Port Harcourt Refinery  by its original builders,  basic engineering design for the Fluid Catalytic Cracking Unit and RFCC plant project  is  estimated at N76.779bn.
A  breakdown of the N76.779bn  indicates that  N43.5bn will be spent on  the refinery’s  rehabilitation, N32.646bn  on the plant project and N636m on basic engineering design.

The total estimated expenditure for the maintenance of the Warri  Refining and Petrochemical Company  is put at N43.12bn.

The NNPC is planning to spend N41.879bn on  the refinery’s  rehabilitation; N159m on  fire detection alarm systems; N286.2m  on replacement of the HP BFW Pumps and Driver 101-P-02B;  and N79.5m  on the  upgrade of the co-boiler instrumentation and burner management system.

The corporation will spend  N32.106bn on the Kaduna Refining and Petrochemical Company. The breakdown  of the N32.106bn   shows that N31.441bn will  go into its rehabilitation and  N317.38m  for  the  reconstruction of FCCU, gasoline tank (51TK14B) and purchase of accessories."

http://www.punchng.com/news/nnpc-plans-to-repair-three-refineries-with-n152bn/color
Punch of 25-12-2013

Please we need answers as to how 100's of billions of Naira was spent on Repair and rehabilitation and yet we are still saying the same thing we said in 2012 Close to 1 trn. Naira subsidy with no improvement.

WE NEED ANSWERS!!!

I posted this topic hoping to make it into the FP so as to jog people's memories but shit died a natural death. We gotta bring that women to account. I don't know if she is more powerful than the entire country but its time we found out.

Even with the partial removal of fuel subsidy two years ago,It's naturally expected that the budget set aside for subsidizing fuel products be drastically reduced. But no,the reverse is the case..whooping #1trillion,thats like consuming all your money on bread,when you can actually setup a bakery. Honestly, Nigerian govt makes been 'educated' look like a curse.. [color=#000099]

Btruth:
I'm not surprised, once you see a man been surrounded by 3 witches.....there will always be a trouble. Jonathan been surrounded by Patience, Allison & Okojo-Iwenla..., it is most definitely nothing will work for him. He was a clueless man, he is a clueless man and he will continue to be clueless man. It's just so unfortunate that we should such a man to lead us. It's a dirty slap on all the intellectual in this country.

. dumb politicians are not the problem bro, the problem is the dumb people that keep voting for them

nikpet2:
. dumb politicians are not the problem bro, the problem is the dumb people that keep voting for them

...lol. You are right my brother, but do you believe some people will still continue shouting "Jonathan till 2029" because they are dump and stupid. Unfortunately, Nigeria is getting worse everyday. I traveled a lot within Nigeria because of the nature of my business, but Alas! there's no improvement whatsoever in most of the region and the masses continue to complain, even in the south-south where the President come from.

bushdoc9919:


In 2012...you Nigerians shouted loud and clear...fuel subsidy must stay.

So, it stayed.

Which Nigerian will rise up? The same ones who said that fuel subsidy must stay back then?

is it fuel subsidy dat is d problem or the corruption associated with anything in Nigeria ?