Obinoscopy:
http://www.thisdaylive.com/articles/drop-in-oil-prices-opportunity-for-subsidy-reform-says-imf/207121/

gbl01:
GEJ tried and they nearly killed him, will GMB attempt it?

gbl01:
GEJ tried and they nearly killed him, will GMB attempt it?

gobizzy101:
GEJ is going 2 hell 2 rest in peace

1stola:
Good. There nothing like subsidy. It's just a way of stealing public fund.
If not for the senseless leaders we have. Petrol and other products is not expected to be sold above 40 Naira per litre.
Does it even make any sense? When crude oil rose to 155 dollars per barrel, we bought Petrol for N97 Naira, now that it is about 52 dollars per barrel, we are still buying for N87.
May lightning bolt fire Obasanjo wherever he is for increasing fuel price from N21 (1999) to N75 (2007) and GEJ too. Wicked old fools.

PassingShot:
I have always kicked against removing fuel subsidy because I believe that it is a right of Nigerians to enjoy the so-called subsidy which should never have been if we had done what was required.

If our refineries were working, we will surely not be talking of subsidy or no subsidy.

Given that we failed to make our refineries work, the previous subsidies removed by OBJ and GEJ were not judiciously spent. They were looted.

For all intent and purpose, I do not think Nigerians are completely against removing subsidy if they are sure of getting good deals in return especially when the excess income from crude oil is set aside for developmental projects as witnessed during the PTF era.

baralatie:

nearly is not even the word!!
APC fabricated all manner of things against the Govt.
Now GMB,hian!!!!

Mboi:
They said GEJ could not fight corruption but the first step he took which was fuel subsidy removal that would've stopped corruption in oil and gas sector and save Nigeria billions of Naira, Nigerians took to the street and were shouting; stone him! Impeach him! Kill him!. That was where his problem started.
Very soon, Nigerians will realise GEJ is the only Nigerian President that puts the interest of Nigeria and Nigerians first before averyother thing.

arsetalkshere:
And to be honest, good returns we will never get until the refineries are repaired. We need competition in the market, that competition can't be gotten until we have fixed our refineries FIRST and then remove subsidy thereafter.

Mboi:
They said GEJ could not fight corruption but the first step he took which was fuel subsidy removal that would've stopped corruption in oil and gas sector and save Nigeria billions of Naira, Nigerians took to the street and were shouting; stone him! Impeach him! Kill him!. That was where his problem started.
Very soon, Nigerians will realise GEJ is the only Nigerian President that puts the interest of Nigeria and Nigerians first before averyother thing.

Curvinus:
Pls who owns Nigeria's oil wells? Govt or private investors? Does the government pay subsidy to itself or investors in the oil sector? What is really happening? Why would the govt only be interested in oil and not other sectors like agriculture?


If the govt is handing over power to private people, what are its plans regarding oil?


Why aren't we taxing ever taxable individual?

Finally, how did GEJ get the alleged N2 trillion he spent on his re-election campaign? We better start making these things public if we wish to move forward.

topservice:
<>

arbitter:


Really? The man that has a 1 Billion Naira budget for food, 4 billion naira budget for his wife, goes to stupid rallies when bombs explode in the capital, ignores the kidnapping of 200+ girls because some fat bastard told him its a 'scam' etc And yet ldiots like you wanna tell us he is like the best thing to happen to Nigeria

Ugh! Whatever, believe what you want.

cap28:


Good questions but they can be answered by looking at the people who are benefitting from our oil revenue - Is it the masses or the few private investors?

I hope you know that Buhari is only in power because these same investors do not see him as a threat - by investors I mean both Nigerian and international (USA/EU).

The other day Buhari announced that he will rekindle military ties with the US - why do you think he is doing that? Are those the actions of an independent mind?

Nigeria under Buhari will not diversify its economy because it is still tied to the apron strings of Washington and London who by way of their financial institutions direct you to implement economic policies that impoverish your own population.

arbitter:


Really? The man that has a 1 Billion Naira budget for food, 4 billion naira budget for his wife, pardons his godfather indicted for corruption, goes to stupid rallies when bombs explode in the capital, ignores the kidnapping of 200+ girls because some fat bastard told him its a 'scam etc And yet ldiots like you wanna tell us he is like the best thing to happen to Nigeria

Ugh! Whatever, believe what you want.

chuna1985:


Subsidy itself is the biggest avenue the nation loses money. objectively study our budget for the last 6 years n check capital expenditure n recurrent expenditure ..... U will see why infrastructurally, we are not growing

tonte:
Don't you think that would be his biggest problem ever? That he does not listen to people who clearly know more than he does in these sorts of matters

kurt09:
Hypocrisy is when you vehemently protested removal of fuel subsidy in gej regime and now support subsidy removal.

baralatie:

if GMB tells you on may 29,there is no more fuel subsidy what are you going to do!!

arsetalkshere:
This is the question I keep asking people like Barcanista who keep telling us selling PMS and other products at 40 naira is not possible. How is that? We pay several trillions ( not billions any more ) as subsidy when crude oil price was $150+ per barrel and were buying a litre for N97 now that it now 1/3 less than we were buying ( when we ought not to buy ), we are still paying trillions as subsidy yet we could only get N10 as reduction. How is that? It is not as if there is any significant reduction in amounts paid for subsidy.

PassingShot:
I have always kicked against removing fuel subsidy because I believe that it is a right of Nigerians to enjoy the so-called subsidy which should never have been if we had done what was required.

If our refineries were working, we will surely not be talking of subsidy or no subsidy.

Given that we failed to make our refineries work, the previous subsidies removed by OBJ and GEJ were not judiciously spent. They were looted.

For all intent and purpose, I do not think Nigerians are completely against removing subsidy if they are sure of getting good deals in return especially when the excess income from crude oil is set aside for developmental projects as witnessed during the PTF era.

arbitter:


Not give a Bleep

boladez:
ImF should carry its badluck go front!

They should remove the subsidy America gives its farmers and manufacturing concerns first. Remove the monies given to Boeing and Airbus etc etc.......remove the subsidy to Uk farmers and grants to their unemployed citizens before they come and tell us gutter talk

The solution to the fuel subsidy which is the major Nigerian subsidy is to build and stimulate the building of local refineries...thats all

BiHung:
Bleep imf