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Nairaland Forum / Nairaland / General / Politics / Jonathan Insists On Subsidy Removal (16820 Views)
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Re: Jonathan Insists On Subsidy Removal by stolenstone: 11:28pm On Nov 15, 2012 |
God punish devil!!!!!!!!!!!!!!!!!!!!!! |
Re: Jonathan Insists On Subsidy Removal by takedat(m): 11:33pm On Nov 15, 2012 |
@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 |
Re: Jonathan Insists On Subsidy Removal by nairaman66(m): 11:35pm On Nov 15, 2012 |
(Jonathan Insists On Subsidy Removal) GEJ always explains when he wants to take another pair of shoes from Nigerians. He's very out of touch with what is going on in Nigeria! Just a F***ing FIGURE-HEAD!! |
Re: Jonathan Insists On Subsidy Removal by Sirniyeh(m): 11:38pm On Nov 15, 2012 |
The fear of Otedola and co, has instigated GEJ to voice out. Jona dey fear the consequency of jailing those oil cabals. Na wa o |
Re: Jonathan Insists On Subsidy Removal by peaceland(m): 11:39pm On Nov 15, 2012 |
. |
Re: Jonathan Insists On Subsidy Removal by leoegbunuyahoo(m): 11:42pm On Nov 15, 2012 |
God, wen is dis kantry goin to av a good president like d Late Ya'Aradu.... I knw dat God wil surely take dis ful 4rom us by 2015.[color=#990000][/color] 2 Likes
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Re: Jonathan Insists On Subsidy Removal by mmmustapha(m): 11:44pm On Nov 15, 2012 |
nigeria great Nation bad leaders, I 4get wen last I enter petrol station. Gej will give U happy xmass n new year wit subsidy removal |
Re: Jonathan Insists On Subsidy Removal by scribble: 11:44pm On Nov 15, 2012 |
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. Everytime you open your mouth, a drop of dumb comes out. I fear it may be contagious. We know you are Nairaland's leading sillionaire but pls when mature men are discussing issues, pls crawl into one of your who.res studio apartment and just watch. |
Re: Jonathan Insists On Subsidy Removal by Afolabs101: 11:44pm On Nov 15, 2012 |
taharqa: 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. |
Re: Jonathan Insists On Subsidy Removal by Nobody: 11:49pm On Nov 15, 2012 |
I am fascinated just watching how much abuse the docile Nigerian masses can take before they would say enough is enough. What are our youths waiting for? For their inheritance to be completely squandered? Fascinating !! Below is evidence of what the revenue accrued would be used for: 2 Likes |
Re: Jonathan Insists On Subsidy Removal by Wadeoye(m): 11:52pm On Nov 15, 2012 |
Iaz93: ...but this subsidy removal may be the key to greatest oOh You are a slowpoke. Can you highlight what has changed in your life since N33 was added on top of N64 at the beginning of the year? 1 Like |
Re: Jonathan Insists On Subsidy Removal by ldpele(m): 11:54pm On Nov 15, 2012 |
taharqa: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 1 Like |
Re: Jonathan Insists On Subsidy Removal by luc26(f): 11:57pm On Nov 15, 2012 |
Nigerians shud tke 2 d streets and stp all d tantrums on nairaland pluessss!!! Bt GEJ I thot we were done wit dis subsidy matter 1 Like |
Re: Jonathan Insists On Subsidy Removal by Hardfact: 11:57pm On Nov 15, 2012 |
Not just liver removal, GEJ should go for liver transplant as his liver failure makes him incapable of dealing decisively with issues as this 1 Like |
Re: Jonathan Insists On Subsidy Removal by thegoodjoehunt(m): 12:02am On Nov 16, 2012 |
Everytime, Everytime, Everytime, this president was to use us like a Roll on(SURE-P) Roll on(SURE-P) Roll on(SURE-P). I am now tired. |
Re: Jonathan Insists On Subsidy Removal by prettyboi1(m): 12:10am On Nov 16, 2012 |
Lmao. Ha ha, uncle Jona the dullard has come again with all these his many confusions. Continue o but also remember to be praying that people like Buhari & Ribadu don't take over as president when your tenure is over because when your nyansh is sampling kpako bed in jail for corruption nobody would care if it was Diezani, Okupe, Reuben Abati or anyone of your many corrupt friends o. God Bless the federal Republic of Nigeria. Amen. 2 Likes |
Re: Jonathan Insists On Subsidy Removal by mbaemeka(m): 12:11am On Nov 16, 2012 |
Mutiu Sumonu the GMD of SHELL was asked recently- why wouldnt SHELL build a refinery in Nigeria? I expected him to say the same bullcrap that GEJ just spewed but what he said shocked me. He said SHELL built a refinery in Nigeria in PHC but it was taken by the millitary govt. Do you expect us to build another one? Thats the snag with Nigeria, it has always been the corruption. Can we still belabor the truth that states that one shouldnt throw away the baby with the bath water? Why wont he just tackle corruption head on? Oh i forgot, its because he is her advocate. kmt 2 Likes |
Re: Jonathan Insists On Subsidy Removal by UyiIredia(m): 12:19am On Nov 16, 2012 |
Mumu president ! He is still talking like this. It saeems the events of January have eluded him. 1 Like |
Re: Jonathan Insists On Subsidy Removal by 1025: 12:20am On Nov 16, 2012 |
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. |
Re: Jonathan Insists On Subsidy Removal by thegoodjoehunt(m): 12:23am On Nov 16, 2012 |
COOLDUN: That is a classic. |
Re: Jonathan Insists On Subsidy Removal by warrior01: 12:29am On Nov 16, 2012 |
Call him whatever you like; Gej is right on point. Nigeria cannot continue to subsidize Petrol for the whole of West Africa. The sooner we all face the reality and say a big no to fuel subsidy, the better for us all. Just take a trip from Nigeria to Benin and other Ecowas countries, you'll understand why the so called subsidy has to stop now! 1 Like |
Re: Jonathan Insists On Subsidy Removal by Nobody: 12:30am On Nov 16, 2012 |
Retardinho is clueless and moronic as usual. |
Re: Jonathan Insists On Subsidy Removal by tosrich(m): 12:36am On Nov 16, 2012 |
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Re: Jonathan Insists On Subsidy Removal by warrior01: 12:48am On Nov 16, 2012 |
1025: the only thing poor nigerians benefit from govt among all our resources. God will punish somebody and his family. we are waiting.Guy, stop deceiving yourself. If you can put your brain to use for a second, you'll notice that the so called poor isn't really benefitting anything from the subsidy fraud. We can't continue to waste our common wealth and expect real developments both in our ways of thinking and overall infrastructural development. Secondly, God is not gonna punish no one as your lack of common sense is enough punishment for your family. Grow up son and face reality. |
Re: Jonathan Insists On Subsidy Removal by taharqa: 1:06am On Nov 16, 2012 |
Afolabs101: DPR is not a branch of the NNPC, it is the Regulatory Agency for the entire oil industry. Plz just take that correction and lets stop wasting time |
Re: Jonathan Insists On Subsidy Removal by taharqa: 1:24am On Nov 16, 2012 |
taharqa: -I think e should add the passage of the PIB bill that would completely reorganise the Oil industry and make the players and the Regulatory body (National Inspectorate) much stronger, efficient and transparency. - We can also demand that Govt can keep the PSF for say 6 months after the Deregulation so that those people that live far from the existing Refineries or from the ports, would not have to pay too much prize difference from others. After this short time, the PSF can then be completely scrapped. In fact, we can discuss any condition with the govt as long as it would make the transition easier for Nigerians, and that it would help Nigeria at the long run. Let me reemphasize that most of the peple and bodies that led us in the protest and opposition t the last attempt to Deregulate the sector actually support Deregulation but after some conditions have been met. The President should provide leadership and call them in order to enter into discussion about how best and what time we can Deregulate the industry without bringing too much pain to ordinary Nigerians and moving the critical sector forward; these Groups should oblige. By the way, one of the main architects of January's opposition is El Rufai (someone who was former chairman of BPE and a believer himself in the 'merits' of Dregulation, who pushed for Deregulation of the oil industry during the Obasanjo era when he served in govt) said this in one of his articles this 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 We should amongst ourselves and with the Govt; some level of Consensus is not impossible. |
Re: Jonathan Insists On Subsidy Removal by taharqa: 1:33am On Nov 16, 2012 |
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 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 : Why I agree that the real issue to the opposition is the Trust thing between Nigerian Govts and the people, you are wrong @emboldened., |
Re: Jonathan Insists On Subsidy Removal by taharqa: 1:45am On Nov 16, 2012 |
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. We are in agreement then: it is the best option but the best way to go about it so that the transistion would not be that difficult is what is required. That is why a Sincere series of talks must start NOW (we may end up doing the Deregulatin in 2014 but the talk and process should start NOW). Am going to do some research on this 445,000mbd. I think it is the IOCs that produce most of it since NPDC does not have the capacity to produce such quantity per day, but I may be wrong is my assumptions that the oil needs to be sold at Internatinal prize cos d IOCs produce most of it; as you rightly said, it is our OPEC 'cut'- so its prize may just be a little above Production cost, not d International prize. Maybe each IOC have a quota they 'give' to us every day for local consumption at an amount below the international prize; if so that may be the key to Deregulatin, yet with a lower than the current Landing (international) cost for PMS. So if our Refineries can be running at say 70% (which would still nt be sufficient) and there is a direct arrangement in the mean time (before private refineries come on stream) bw d NNPC and some refiners abroad, we could actually importing refind crude at a cost lower than d international prize. Problem here though is that d NNPC recently startd selling part of this 445,000mbd at international prizes, and crucially i dont even know if the 445,000mbd crude wud be sufficient for the nation if fully refind cos if not, anoda dummy variable may be introducd complicating the already complex equatn and needs to be solvd |
Re: Jonathan Insists On Subsidy Removal by BetaThings: 1:52am On Nov 16, 2012 |
Billyonaire: Subsidy just have to go. We are already buying fuel at exorbitant prices due to scarcity occasioned by limited importation and regulatory flaws.Please remind us of GEJ's promises and how much of these have been delivered |
Re: Jonathan Insists On Subsidy Removal by BetaThings: 1:54am On Nov 16, 2012 |
taharqa:It takes time, right? Do you remember these people President Yaradua Bode George |
Re: Jonathan Insists On Subsidy Removal by danikik7: 2:05am On Nov 16, 2012 |
Check other oil producing countries like Saudi,Iraq,UAE,Russia etc are we not seeing tremendous amount of development taken place?Did they remove subsidy on petroleum product? Until you stop treating these thieves in your government as sacred cow then, any of your achievement is vanity. |
Re: Jonathan Insists On Subsidy Removal by COOLDUN: 2:18am On Nov 16, 2012 |
onojiwizard@gmail.com: Then we can be compared to Canada right? By the way if there was no Oil in Nigeria, what would have been used as an excuse for the dying economy? If you like, you can continue to defend your government, who cares but the fact remains that the already deregulated products like Diesel is still a mirage. Millions of your type can occupy this nairaland forum for your duties but logically you won't succeed to fool everyone with these theorical economic policies. If Nigeria was not populated you would have used it as an excuse of not having a functioning economy. Now Nigeria is over populated and that is why the masses should be wiped out with economical hardship. 1982 it was Austerity measure, I989 it was SAP, 1999 till 2010 it was Privatization, now it is Deregulation, still nothing is working. Europeans are rejecting what we accepted whole heartedly that has been sucking Nigerians to death,since 1982.Bad workman always quarrels with his tools. if your salary can't sustain you, then over time will never sustain you too. Many countries that have no single drop of oil are fast developing and growing economically, while Nigeria government is always giving unnecessary excuses. With the level of CORRUPTION in this country, mostly in this present regime, no amount of fund can do anything if it is not adequately addressed. Next we will be hearing CABALS, TERRORIST, ELITES, BUNKERERS, NLC, ASUU, and OPPOSITION PARTIES that are responsible for the economical stagnancy in Nigeria. 2 Likes |
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