atbu1983:


Go back to the reasons it was rejected in 2012 under Jonathan. We rejected it because of d stealing in Jonathan govt. People felt you will only be making sacrifice for politicians to steal. that is why d elites rejected it then. But with Buhari, we believe corruption will be reduced atleast in d presidency. we are confident of his integrity. with subsidy removal fuel will be 155naira to 160 naira. It will be d end of scarcity.

give me another valuable sensible reason that this u are giving,this reason u are given for rejecting oil subsidy is useless. So how were u sure buhari will be the president in 2015 back then in 2012? So what would have happened if gej won the election ,you would have supported the continuation of oil subsidy payments and knowing fully well it was drawing and pulling the nation back? Which means your rejection of the oil subsidy then was based on personal hatred and not in the overall interest of the nation. And how are u even sure that buhari will make the best use of the money Abeg think of another excuse,the ones u are giving now is annoying.

Subsidy must go!

HzRF:

I hope you are not among those who against this in 2012
Even using it as campaign

Yes, I was primarily because of the way GEJ handled it. Nowhere in the world would that removal, in the manner he did it, have been allowed to stand unchallenged.

Plus the fact that I knew it was a scam.

Na all una fight against the removal of fuel subsidy some year back o

GMB should remove the subsidy nd monitor the distribution of the essence crude oil within the state.the removal of subsidy Is a welcome idea bt our leaders re thieves

atbu1983:


A liter will be 155naira to 160 naira. that is s price of 1 litre in Ghana

In the midst of no jobs and no money. How do the FG expect jobless youths and impoverish Nigerians to buy fuel for N155-N160 Naira per litre?.

This is an outrage. Let them put everything in order before they remove the subsidy.

PassingShot:


Yes, I was primarily because of the way GEJ handled it. Nowhere in the world would that removal, in the manner he did it, have been allowed to stand unchallenged.

Plus the fact that I knew it was a scam.

Good
And if Buhari think he can scam us (removing subsidy)
He's joking

onatisi:
The same set of people that sponsored and organised violent protests against the removal of fuel subsidy in 2012 because they weren't in power are ones now clamoring for it because they are now in power. Splendid!!!!!!!

Get your facts right...this dude has always been against subsidy removal...he was in PDP in 2012.

Ezenwammadu:
Hypocrisy is when you where abusing GEJ for trying remove fuel subsidy in 2012 and now screaming remove fuel subsidy

No mind the fools, to the extent they all stupidly went to OCCUPY Ojota and eagle square.If I hear remove fuel subsidy, make thunder fire all the hypocrites wey condemn GEJ for trying to remove it in 2012 but are now asking Buhari to remove it.

Nonsense

After una remove subsidy, make una give us light

Eediots
When NdiIgbo refused to riot for the fuel subsidy stuff and all the ignoramuses were blocking the streets in various part of Nigeria not knowing what they were doing, calling GEJ names,una no sabi
Don't remove the subsidy o
So that you folks can feel it well well and beg for it to be removed
Ndi ara

amakaobiemeka:
a wrapped up mind is when u blame people for not trusting gej with the full subsidy removal proceeds when indeed gej already showed he cant account for what he and his prostitues frds did with proceeds frm the partial removal scam. We have gmb a man we can trust with the proceeds, he can take it and do the helpful for all

3 days to inauguration where is buhari??

This reminds me of WAZOBIA FM advert...... where the driver wants to reduce the volume of his car stereo......"If you reduce it, I will reduce you.........Oga let me just reduce it........ if you reduce it I will reduce you......"
GEJ wanted to do it, but everyone was against it (most people sha) now everybody is shouting remove it....... remove it.......
Nigeria is surely a Zoo.

Ezenwammadu:
Hypocrisy is when you where abusing GEJ for trying remove fuel subsidy in 2012 and now screaming remove fuel subsidy

By my calculation, if indeed there was subsidy, we should be buying fuel between N45-N50 per litre

femialiu:


Get your facts right...this dude has always been against subsidy removal...he was in PDP in 2012.

Keep playing the Ostritch and keep pretending that you dont know what he's saying.what about the motley of deluded and brainwashed folks including nairalanders that chanted OCCUPY THIS, OCCUPY THAT.

Yeye dey smell

HzRF:

Good
And if Buhari think he can scam us (removing subsidy)
He's joking

eagleeye2:
This reminds me of WAZOBIA FM advert...... where the driver wants to reduce the volume of his car stereo......"If you reduce it, I will reduce you.........Oga let me just reduce it........ if you reduce it I will reduce you......"
GEJ wanted to do it, but everyone was against it (most people sha) now everybody is shouting remove it....... remove it.......
Nigeria is surely a Zoo.

The place is a useless place
Many Nigerians are blockheads who don't think
Anyone that tried to explain how it was a good thing was called names
People flooded streets in northern nigeria and the SW. Like goats carrying placards and refusing those who wan to go about their normal business to do so.
People actually lost their lives rioting for what they didn't know much about

Apc thugs doesn't make sense all the time.

Hmm!

femi4:
By my calculation, if indeed there was subsidy, we should be buying fuel between N45-N50 per litre

And which voodoo calculation is that?

PassingShot:

There was never anything as subsidy. If there was, we would have been buying fuel for below N50 per litter. What exists is an imaginary subsidy where our money is being shared among the cabals. We shall hear more revelations VERY SOON!

You and your lot are one of the biggest problem facing Nigeria.

You never believe that there is subsidy.

Yet when one says that the Chibok Girls saga was a scam, you'd be the first to offer to take that fellow to HELL!

Burn in your shame!

I am not the author. This was culled from Facebook and written by an Insider in one f the Oil Marketing Companies


NIGERIA'S FUEL CRISIS - WHY I BLAME GEJ

In discussing this very volatile issue, let me make one point very clear. I speak from a very informed perspective. This is not just one of those social commentaries.
I worked in the downstream petroleum sector for about 36 months as legal counsel and this was at the peak of the subsidy crisis. I handled and prepared critical documents, advised on transactions and participated in the subsidy scheme as a staff of the one of biggest indigenous players in the sector. I have a perfect understanding of the system from the point where these products are negotiated and bought from refineries abroad to the contract for their shipping....from arrival at the Port in Nigeria to the inspections and the final destination at designated tank farms, so I speak with authority. When the subsidy probe started, I also made several submissions to the National Assembly Committees and also was at the EFCC during the investigations.
Weak and reactive leadership is a disaster to any organization that has it. The hallmark of great leadership is the ability to identify risks and institute effective risk management systems. No organization in this world can survive uncontrolled hemorrhage of scarce resources.

UNDER PRESIDENT OBASANJO

The subsidy scheme became an issue under President Obansanjo. It was under him that the concept of petroleum importation became full blown. For reasons best known to the wily Owu Chief, our four refineries were left to rot while our country relied on fuel importation. That policy remained the biggest disservice former President Obasanjo did to this country.
However, as bad as that policy was under OBJ, there was still some level of sanity and control. At no time under OBJ did subsidy payments exceed 190 billion Naira annually. There were stringent measures that controlled the participation of companies under the subsidy scheme.
Just before OBJ left office, he sold two of our refineries to Dangote and Otedola, a measure that would have worked if fully implemented. It is beyond doubt that the private sector remains the best economic and commercial managers. Government is a cesspool of waste and corruption.

UNDER PRESIDENT YARADUA

When late President Yar'adua took over, he rode on a staccato of uninformed voices to reverse the sale of the refineries. He reversed the sale but did nothing to bring the refineries back to work. He continued to run the subsidy scheme and kept the restive sanity in the system. As at the time Yar'adua died, Nigeria's subsidy burden was about 230 billion Naira per annum.
Now for the uninformed, the petroleum subsidy scheme is a system where the federal government, on a bid to reduce the cost of fuel paid by Nigerians chooses to pay the difference between the landing cost of petrol imports, the prevailing price of the commodity at the international market and what is actually sold in Nigeria.
For instance, if the landing cost of petrol in Nigeria is, say, N 115, and after adding lightering charges and other logistics costs, the price of petrol should be N147, the federal government asks the marketers to sell at N97 and decides to pay the marketers the difference per litre.


UNDER PRESIDENT JONATHAN

Now enter President Goodluck Ebelechukwu Azikiwe Mainasara Jehoshaphat Effiong Jonathan!
Under him, subsidy costs jumped from 200 billion Naira to over 1.2 trillion in the first two years of his government.
Why? What happened?
Did the population of Nigerian triple within that period or did the number of cars quadruple? Was there an industrial revolution?
The answer is simple. Again, I speak from an informed position.
Due to weak regulatory regimes, the downstream sector became an all comers affair. Every Tom, Dick and Harry entered the business. Companies with no verifiable addresses, no tank farms, no vessels, no financial structures, no bank guarantees all became fuel importers. It was a bazaar. It is only in Nigeria that such bizzare things can happen. Emergency millionaires were made in days. Time and space won't allow me to give you details of the unbelievable things that happened. Every top official of the federal government became an emergency fuel importer or middle man. Importation licenses were hawked openly. All you needed was for the PPPRA to give you a license to import. You could sell it for millions just outside the door.
Now there is a complex web that links the Petroleum Ministry, the DPR, thE Navy, the NPA, NIMASA,PPPRA, DMO, CBN and Commercial Banks in this fraud. Documents like the sovereign debt statements and the sovereign debt notes flew about and our money kept disappearing. From about 30 companies in the scheme, the number shot up to 300. Monthly, billions of Naira were paid out to people who have never had any contact with a Jerry can of fuel in their lives. No verification, no authentication, nothing. Money was being paid with reckless abandon. Dr Okonjo Iweala and Mrs Alison Madueke were all there watching!
It got so bad that some people will arrange with ship owners......take a two day hire of an empty ship, move it to Lagos Port, berth it there. Officials of the PPPRA, Petroleum Ministry, DPR will come there to inspect an empty vessel and certify that the empty vessel carried 10,000 metric tons of petrol, collect their money and walk away. The vessel simply sails away and three weeks later, close to 6 billion Naira will be paid as subsidy when not even a single drop of petrol was brought in.
It was when the government saw that it could no longer sustain that level of waste that GEJ made that attempt at removing subsidy which was stoutly and rightly rejected by Nigerians.
If you recall, the call for the probe of the Subsidy fraud didn't even come from the Presidency. GEJ never called for any probe. Neither did Alison Madueke nor Okonjo Iweala. The call for probe was triggered off by the submissions of Senator Bukola Saraki on the floor of the Senate when he took time to tell the sad story of the biggest fraud in modern Nigeria called FUEL SUBSIDY.
Nigerians should ask GEJ to tell us how our subsidy burden jumped from 200 billion to 1.4 trillion in two years.
Between 2008 and 2013, the PPPRA was about the most corrupt government office in Nigeria. People who worked there lived like Emperors. They spent dollars like there was no tomorrow. Only the privileged found their way there. Each time I went to their office in Abuja then, I left with a heavy heart. This country is in serious trouble.
The only time sanity came to that sector was when GEJ brought Reginald Stanley, former Group General Manager of PPMC who also headed the London Branch of the NNPC into the picture. Reginald Stanley cleaned up the PPPRA, redeployed close to 80% of the workers and rejigged the subsidy program. It was then discovered that more than 60% of the funds paid as subsidy in the last three years were paid wrongly and fraudulently.
That was when the subsidy probe started. Out of the over 300 companies that were collecting subsidy, it was found that not up,to 30 were really importing fuel. Close to 700 billion Naira were stolen in the subsidy scheme. Till date, not a single person has been convicted.
Again, throughout the five years that GEJ ran this country, not one single attempt was made to even find out what is the problem with our refineries.
And yet, people say I shouldn't blame GEJ!
Who should I blame?
My father.....in his grave?

PassingShot:

The subsidy is surely a big fraud by top government officials and the oil cabals to steal us blind.


This is one of my problems with NOI. She failed big time in this area.


There was never anything as subsidy. If there was, we would have been buying fuel for below N50 per litter. What exists is an imaginary subsidy where our money is being shared among the cabals. We shall hear more revelations VERY SOON!

.

But GEJ saw the fraud and the highly connected people, and the difficulty fighting it. Because too many people have been eating where they didn't sow.

He knew the only way was to remove subsidy but you all called him clueless.

So this is pure hypocrisy.

Beremx:
How much will a litre of fuel be sold for then?

I cannot be against the removal of fuel subsidy in 2012 and be in favour of it in 2015. That's sheer hypocrisy.

You will be surprised to learn that even after the subsidy removal, PMS may not be more than 100 naira per liter or less.

Another angle to it is, if there was actually a subsidy and it is removed, such ploughed back money can be spent for infrastructural development which GEJ failed to provide.

Besides, the 2015 budget has provision for about 30% of what is needed for subsidy in 2015. To subsidize (assuming it is real), the government will have to borrow money again.

My position is, if subsidy actually exists, remove it now and work to get the refineries ready to refine our local demands. And when that is done, revise the pump price downward to reflect that current situation then.

Beremx:
How much will a litre of fuel be sold for then?

I cannot be against the removal of fuel subsidy in 2012 and be in favour of it in 2015. That's sheer hypocrisy.

Fuel subsidy has to be stoped. Let us allow market forces determine the prices of defined products all over Nigeria. I don't expect the price of petrol to be the same in Enugu, Lagos & kano.

GOOD MORNING mr saraki.

babyosisi:


The place is a useless place
Many Nigerians are blockheads who don't think
Anyone that tried to explain how it was a good thing was called names
People flooded streets in northern nigeria and the SW. Like goats carrying placards and refusing those who wan to go about their normal business to do so.
People actually lost their lives rioting for what they didn't know much about

You dey mind the goats and idiots ??

Myself2:


No mind the fools, to the extent they all stupidly went to OCCUPY Ojota and eagle square.If I hear remove fuel subsidy, make thunder fire all the hypocrites wey condemn GEJ for trying to remove it in 2012 but are now asking Buhari to remove it.

Nonsense

I am just glad may 29th is almost here
They thought it will never get here
Occupy this and that
Like nama and sheep to the slaughter they poured out

Do you know all state governors voted to have the subsidy removed?
All of them including fashola
But when the people started abusing GEJ out of ignorance ,the ACN eediots cashed in on their ignorance,started beating around the bush instead of explaining to the people what it really meant
I bet you GEJ is laughing in his briefs
[size=18pt]Let the scarcity continue for one more month[/size]

Beremx:
How much will a litre of fuel be sold for then?

I cannot be against the removal of fuel subsidy in 2012 and be in favour of it in 2015. That's sheer hypocrisy.

As if we don't know that already.
Stating it alone is hypocrisy, cos you know the number of attacks you'd get, if you were in support of it openly here on Nl.