BrokenTV:

But when goverment wanted to curtail this siphoning of money the whole country wanted to burn down through protest. We have to live with oil subsidy till all our refineries start working.

kawkab:
In January 2012 when GEJ removed fuel subsidy, all hell was let loose by the opposition, labour union and civil society groups. If we had allowed subsidy to be removed then, by now the forces of demand and supply would have come into play in the reduction of pump prices of fuel.

profeth:
What is subsidy?...... ....seriously subsidy has to be repudiated because the money been invested in paying the greedy marketers should be put into the creation of our own indigenous refinaries or rather we export crude oil to be refined then we pay with the by products of the crude.....I'm dissapointed that leaders fail us.do they think we are fools or what?....I pray..GMB come and change te changeable

PDPmamapiss:


I DONT UNDERSTAND WHY YOU ARE AGAINST SUBSIDY?. SUBSIDY HAS ALWAYS BEEN THE ONLY BENEFIT THE POOR MASSES GET FROM THE FED GOVT.... WHY R U SO WICKED? IF U R PRIVILEGED, WHY CANT YOU PITY THE POOR PEOPLE AROUND U.? KEROSENE IS VERY IMPORTANT FOR THE RURAL DWELLERS. HOW CAN THEY AFFORD A LITER WITHOUT SUBSIDY?

pdp should bury their head in shame for destroying our economy. pdp destroyed our refineries to create avenue for subsidy scam. PAST MILITARY HEAD OF STATES, THE SO CALLED BAD GUYS HAS NEVER LEFT OUR REFINERY AND POWER SECTOR TO DECAY.

idupaul:


But what will happen while we wait for the refineries to start operating ..The way they keep paying billions and billions to some people in the name of some fake subsidy is scary.

BrokenTV:

You are wrong subsidy has come to stay, till all our Refineries start functioning at optimal. We cannot do away with it.

Burger01:
Subsidy has got to go. Remove subsidy and let's know what we are facing. Rome was not built in a day. We should be sensitised and palliatives put in place to cushion the effects of subsidy removal. Subsidy must go. It's a thieving conduit for the subsidy cabals.

Because access to this information will raise questions as to WHY these governments refused to build local refineries and instead chose to enrich private interests through opaque fuel import license agreements. Fuel import licence agreements that give jobs and revenue to norwegian, venezuelan and iraqi governments and citizens. Fuel import licence agreements that give jobs and revenue to international shipping companies to move refined petroleum products to a country (Oh! Nigeria!) that has the raw crude sitting right under her soil. Fuel import licence agreements that enrich global oil traders like glencore.

PDPmamapiss:


U R VERY SENTIMENTAL TO GEJ AND REGION OR TRIBAL THINGS. UR SUPPORT FOR SUBSIDY REMOVAL IS COS OF UR SENTIMENT ON GEJ OR PEOPLE OF SOUTH.
EVEN WICKED REGIME LIKE ABACHA, DIDN'T REMOVE SUBSIDY. IF U HAVE BEEN TO NIGER DELTA VILLAGES, U WILL KNOW THAT THE ONLY BENEFIT THE LOCALS GET FROM GOVT. IS SUBSIDY. ..... FORGET HOW MUCH THEY PAYING TOMPOLO AND DOKUBO; PEOPLE R SUFFERING IN THE VILLAGES.
INCREASE PUMP PRICE BY 10 NAIRA WILL LEAD TO 100 NAIRA INCREASE IN PRICE OF GOODS AND SERVICES.

mean pdp destroyed our refineries to create vacuum for oil contracts and subsidy scam as well as political empowerment to selected greedy few.

MARKone:


It is very simple, get our refineries to work to full capacity, a lot of money have siphoned by these cabals, aided by the FG, all in the name of subsidy.

VolvoS60:


^^^^
There is a subsidy on imported fuel. Agreed. The landing cost on Nigerian shores of a litre of refined PMS from Venezuela, Norway, Iraq or wherever is definitely above N87 or N97 or whatever price of the month we are being charged for it. The figures are on the PPRA website - the landing cost as at yesterday was N114.76. By the time distribution margins (totalling N15.49 as at yesterday) are factored in, the cost per litre of imported fuel stood at N130.25 as at yesterday, 28th April 2015. The government foots the bill for the difference between this so called 'open market price' of N130.25 and the pump head price of N87.

But is there a subsidy on locally produced and locally refined fuel? This is a question that the government has refused to answer clearly. After several years of controversy on this matter, successive Nigerian governments have refused to come clean on exactly how much it costs to drill and refine a litre of fuel here in Nigeria. Why is it so hard to release this information to Nigerians in a clear and unambiguous manner? Because if the cost per litre of locally refined PMS (plus distribution margins) is less than the pump price of N87 or N97 or whatever, then there is NO subsidy on locally produced fuel, plain and simple. This is the information that has been carefully hidden from Nigerians for donkey years. The Obasanjo government hid this information. The Jonathan and Yaradua governments also hid this information. Why? Because access to this information will raise questions as to WHY these governments refused to build local refineries and instead chose to enrich private interests through opaque fuel import license agreements. Fuel import licence agreements that give jobs to norwegian, venezuelan and iraqi governments and citizens. Fuel import licence agreements that give jobs to international shipping companies. Fuel import licence agreements that enrich global oil traders like glencore.

If there is indeed a subsidy on locally produced fuel then the government should prove it with facts and figures if they can. The truth will make us free.

kpez:
'Buhari will not inherit fuel queues because the country has enough reserves to last for 27 days' say the clueless govt but the last time Nigerians checked, Buhari's govt won't begin within the said 27 days, meaning the acclaimed reserves will be exhausted before Baba assumes office, yet he wont inherit queues! Talk about ineptitude!

oscarjulliet:
Remember, Buhari is a God sent.

Burger01:

Why can't we come together and reason how best we, as a nation, can defeat the monster called subsidy cartel? Subsidy impedes our development as a nation

MARKone:


It is very simple, get our refineries to work to full capacity, a lot of money have siphoned by these cabals, aided by the FG, all in the name of subsidy.

XBLadez:

If you remove the subsidy it will affect the marketers and as well labour

searider post=33260002[s:
]I can sense a foul--play somewhere; the GEJ administration wants to empty the federation account before leaving the office.[/s]

The last time I read on papers that the subsidy issue is a scam; it is a way the govt intended to loot our national treasury.

Wait a minute; [b][/b]Meanwhile the Minis­ter of Information, Patricia Akwashiki,has said that the in­coming administration of Gen Muhammodu Buhari will not inherent fuel queues as the coun­try has enough fuel in its reserves for the next 27 days .

Imagine an oil producing nation boasting of fuel that will last for 27 days. Shame!

Burger01:

Then something must be done. Subsidy hasn't been helping us..No?

Burger01:
Subsidy has got to go. Remove subsidy and let's know what we are facing. Rome was not built in a day. We should be sensitised and palliatives put in place to cushion the effects of subsidy removal. Subsidy must go. It's a thieving conduit for the subsidy cabals.