(Jonathan Insists On Subsidy Removal)

Billyonaire: Which money will accrue ? Do you really know what subsidy means ? I clamor for subsidy removal so I can join money with my girlfriends and build our private refineries and you talk money accruing.

taharqa:

What are you talking about? Even today NNPC does not 'oversee who is able t import or not' as you put it, PPPRA does; and that body would scrapped if Full Deregulation sets in

Iaz93: ...but this subsidy removal may be the key to greatest oOh

taharqa:

Why I agree that the real issue to the opposition is the Trust thing between Nigerian Govts and the people, you are wrong @emboldened.

More than 45 individuals and companies are been prosecuted in batches in courts (anther 7 were arraigned just 2 days ago) and their monies have been withheld and so they cant service their debts in the banks talk less of getting new Bank facilities, that's why many of them are closing shops and not able to import fuel. Keep your views fact-based plz,

COOLDUN:

How has the deregulated education sector impacted positively in the Nigeria students? It is a pity that you mistake Nigerians to the animals you supposed to be looking after in the zoo, rather than occupying the post you never qualified to occupy. When will GEJ, stop acting script? This man is miss road comedian who supposed to be struggling in the Nollywood industry. Sorry for the dead country Nigeria. Another bloody year 2013.

That is a classic.

1025: the only thing poor nigerians benefit from govt among all our resources. God will punish somebody and his family. we are waiting.
that which makes us happy is ur sole target so we will also target that which makes u happy.
do not be decieved, what ur wife went to arrange in germany will not save u.

Afolabs101:

In order to import any "deregulated product, you must have a license from DPR. To import PMS that is regulated, you must have an import license from DPR and an allocation from PPPRA. DPR, PPPRA and NNPC are all controlled by the Minister of Petroleum. So she "overseas who is able to import or not".

Deregulation means the scrapping of PPPRA allocations for import of PMS, however an import license will still have to be obtained from DPR.

taharqa:

Great observation except @emboldened (dont think any one would set up a Refinery cs of Diesel, PMS is the economic cash-cow for Refiner).

But like a said though: great observation. Its about time those groups against the Deregulation policy sat down with Govt and set some conditions necessary for the full Deregulation of the sector and Timelines for this (esp as most of them do not oppose the eventual Deregulation per se). Some of the conditions can include:

- the removal of Demorrages and Transit-time in the ports (since last year this has reduced to a week, but the group can ask that it be further reduced to say 3 days).

- resuscitation of Rail services across the nation (both Lagos-Kano, PH-Maidguri and their various Branches).

- Conviction of Subsidy 'thieves' (at least some of them).

- Provision of at least 15hrs electricity in most parts of Nigeria, conclusion of Privatization programme and maybe even a commitment to a particular MW of electricity.

- Further reduction in the cost of governance across the board, including especially the implementation of the Oronsaye's Report.

- Any other condition that may serve as 'palliatives' for the temporary pains that Nigerians would have to bear immediately the policy sets in.

...Again, I wish to emphasize that most of the groups/persons that lead the protest and opposition to the Subsidy removal already agree that we would need to eventually Deregulate. Maybe it is now time to Engage the govt, give our conditions, set timelines and then if substantially met by the govt, Deregulation can commence by middle or the end of next year.

The government needs to apologize to Nigerians and go back to the drawing board. Nigerians, including this writer, are not against deregulation per se and if any example of shoddy government is needed, it is to be found in this current impasse of subsidy removal. Deregulation is a package of transition from public monopoly to competitive market. Necessary ingredients for this transition include at the barest minimum; (1) Well articulated policy review (2) Enabling legislation to de-monopolize the sector (3) A regulatory agency that will supervise the sector and implement the program (4) Attracting and licensing of private sector providers in the sector. That is what we did in the BPE with the telecommunications sector, and now the electricity industry

ldpele: young man! is it by dis way d presid is gng by it,constitutn panel upon panel,comittee upon comittee. we r @nov n ua telln me d govt had made progress in d fight for d oil cabals wen d struggl startd @jan

Why I agree that the real issue to the opposition is the Trust thing between Nigerian Govts and the people, you are wrong @emboldened.

More than 45 individuals and companies are been prosecuted in batches in courts (anther 7 were arraigned just 2 days ago) and their monies have been withheld and so they cant service their debts in the banks talk less of getting new Bank facilities, that's why many of them are closing shops and not able to import fuel. Keep your views fact-based plz

take dat: @Taharqa, full deregulation is the best option provided government is able to provide immediate palliatives. It will turn Nigeria to the Rotterdam of West Africa and provide employment opportunities.
Its good that the PIB is being considered, my fear is the politicisation of the bill and the influence the IOC's will want to exert to frustrate its passage.
the 445000bpd is an agreement between OPEC and Nigeria so it has nothing to do with the IOC's. Its our quota for local consumption, government only decided to be selling it through traders due to the poor state of our refineries but with full deregulation a reduced price from the international market price will be an incentive to refiners and it will reduce cost of petroleum products. The 445000bpd is not from the 2.5mbpd for exportation

Billyonaire: Subsidy just have to go. We are already buying fuel at exorbitant prices due to scarcity occasioned by limited importation and regulatory flaws.

taharqa:

Young man! what do you want him to do or to have done? Lie any Suspect and order a Firing Squad? If not, it takes time to build cases and prosecution in courts, you know..any ways, i like to hear what you would have done if you were the one ie SOLUTIONS plz

Hope you understood my response well o :

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onojiwizard@gmail.com:
Guys i think we should give this guy a chance let him do this atleast to end of his time in office, if it is good by that time we will decide. i saw some people here comparing us with libya and venezuela, libya has a population of 6.4 million with daily output of 1.6 million barrel per day and venezuela is 29 million with daily output of 2.36 million while our dear country almost 160 million with daily output of 2.5 million, you will agree with me from above that the both countries above can do any kind of subsidy and their national companies will still do fine, but in our case NNPC will never be profitable with subsidy in place, refineries if you like biuld twenty they will be running at lost because of subsidy, some people here will say we have the oil why not just alocate it to the refineries at local price, that will be lost revenue for the country becuase you will still create a room for curruption to trive, majority of the refined oil will be exported for profit at the detriment of you and me, so for me the best way out is to let this thing go so we buy oil at thesame price as every country around us.