barcanista:
oga you don't just wake up to cut down or increase the pump price of pms. This has to do with increasing or decreasing the % of government for the subsidy(as the case may be). In the petroleum sector, we have the problem of cabals that import the product and charges the government. These cabals work in tandem with civil servants and other public servants that are in their payroll to ensure that they get their way. If government is to cut the pump price, it means it has to increase %earnings of the cabals to make up for the citizens. Now considering the fall in global oil price and how it affected our revenue, and the effect it will have on our relative scarce resources, do you think increament in the subsidy is feasible?

The only solution is total removal BUT you have to put paliatives in place to reduce the resultant pains(whicj will be temporary) and then build refineries to be run by private firms or jointly wt government(considering how we poorly manage our own). The problem here is that the same cabals will do all within their powers to sabotage the effort to build refineries. Also, the public income may not be able to service it, the option left will be loan-which comes with its resultant effect. What happens "if" the money is mismanaged or diverted?

Importantly, how feasible will this be considering the numerous "unrealistic" social programs/proposals of the Buhari incoming administration?

barcanista:
oga you don't just wake up to cut down or increase the pump price of pms. This has to do with increasing or decreasing the % of government for the subsidy(as the case may be). In the petroleum sector, we have the problem of cabals that import the product and charges the government. These cabals work in tandem with civil servants and other public servants that are in their payroll to ensure that they get their way. If government is to cut the pump price, it means it has to increase %earnings of the cabals to make up for the citizens. Now considering the fall in global oil price and how it affected our revenue, and the effect it will have on our relative scarce resources, do you think increament in the subsidy is feasible?

The only solution is total removal BUT you have to put paliatives in place to reduce the resultant pains(whicj will be temporary) and then build refineries to be run by private firms or jointly wt government(considering how we poorly manage our own). The problem here is that the same cabals will do all within their powers to sabotage the effort to build refineries. Also, the public income may not be able to service it, the option left will be loan-which comes with its resultant effect. What happens "if" the money is mismanaged or diverted?

Importantly, how feasible will this be considering the numerous "unrealistic" social programs/proposals of the Buhari incoming administration?

Brugo:


I hope the prices of goods will drop as well. You know how greedy Nigerians are. They will want to make mad profit. I wish there would be a way to ensure all round reduction in prices of commodities.

cy4cent:
in as much as we want change, some persons shouldn't be saying things the general has not

promised, thereby raising unnecessary expectations.
we will be glad if it happens but let it come from him, n let him be inaugurated first!!!

ibkgab001:
Most people from shout shout are somehow clueless who is this Tamalako west self

JUBILEE2000:


The cabals you are talking about are not faceless. no group of persons no matter how powerful will hold this country to ransom anymore!!!!

tunnary:
Them stil dey trust politicians? Its only fools they can deceived over nd over again. Politicians r d most trickish peopl on earth, they r d source of fraud in nigeria!

tunnary:
Them stil dey trust politicians? Its only fools they can deceived over nd over again. Politicians r d most trickish peopl on earth, they r d source of fraud in nigeria!

midolian:
If this happens, Nigerians will never forget the favor, because this will bring about a fall in prices of goods, commodities and services..I jst imagined me boarding a cab for #20 again, buying things @ a price much cheaper than they are now ..it feels great!

*i pray say make e affect subscription price sef *


Buhari, take us back to the good old days, pleeease.

Bhella5:
Stop insulting the President Elect please! That era has passed. Thank you!

Cc. Lalastical

midolian:
beyond redemption? Grow up abeg...I hate pessimists

barcanista:
I Read your second to last paragraph and laughed.

See, it is like you don't understand the politics of oil subsidy and people involved. (Please get the list of importers of pms and know who they are).

This is how it works. They import pmss and present invoice to the government for payment. The government may want to "verify" by appointing an Agency to vet them. The Agency is made of appointed public officers and career civil servants. Most of these people are puppet of the importers aka "cabals". They give these importers clean bill of health and present their case to the government. The government will be left with no choice but to honor their invoice. Now, if the government refuses to pay, the cabals will deliberately refuse to release the product to local marketers and depots. There arise "fuel scarcity" and hike in pump price. People will protest. Nupeng/penganssan will strike, the civil society will protest, the NASS will pass resolution compelling the government to comply..lol, the government will be taught bitter lesson by the time they are made to appear unpopular. You can't "cut" their pay by executive fiat, the repersursion is worse.

Mind you, there are also cabinet members, powerful party officials and even foreigners that are making huge fortune via this subsidy.

ademega:
These are the people that will give this man serious problem. Who send him this kind of talk naw ? Too early for all thses .

AKPOSbaba:

SOURCE..http://www.vanguardngr.com/2015/04/buharill-reduce-petrol-to-n40l-david-west/

Bhella5:

Stop insulting the President Elect please! That era has passed. Thank you!

Cc. Lalastical

barcanista:
Wow, very impressive. We shall be keeping tab on this!!! I won't fail to cheer the government if/when this is achieved

ademega:
These are the people that will give this man serious problem. Who send him this kind of talk naw ? Too early for all thses .