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Nairaland Forum / Nairaland / General / Politics / Economy can’t sustain subsidy – Kachikwu, NNPC boss: Vanguard (16776 Views)
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Economy can’t sustain subsidy – Kachikwu, NNPC boss: Vanguard by dre11(m): 3:24am On Aug 21, 2015 |
Says supply of petroleum products’ll be stable By Clara Nwachukwu, Michael Eboh, Ediri Ejoh & Prince Okafor http://www.vanguardngr.com/2015/08/economy-cant-sustain-subsidy-kachikwu-nnpc-boss/ 2 Likes
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Re: Economy can’t sustain subsidy – Kachikwu, NNPC boss: Vanguard by Mrbigman1(m): 3:25am On Aug 21, 2015 |
W |
Re: Economy can’t sustain subsidy – Kachikwu, NNPC boss: Vanguard by dre11(m): 3:50am On Aug 21, 2015 |
Until the government decides to deregulate this sector and allow for market forces to fix the prices of petroleum products...... We still be having this problem All what government needs to do is to protect the consumers and check the actions of the downstream sector and not fix prices Because with the fall in oil prices.... The finances of the government have dwindles and the Economy can't sustain susbidy which is running to billions. 15 Likes 3 Shares |
Re: Economy can’t sustain subsidy – Kachikwu, NNPC boss: Vanguard by Walphem(m): 3:50am On Aug 21, 2015 |
Summary of the piece: Remove Subsidy! 2 Likes |
Re: Economy can’t sustain subsidy – Kachikwu, NNPC boss: Vanguard by zicoraads: 4:10am On Aug 21, 2015 |
It's not happening, at least any time soon. When the APC and it's hirelings went to town to protest and fight the then government of President GEJ, they didn't know that it was detrimental to the country? Nigerians cannot afford to buy petroleum products if it is sold without subsidies. The government should instead focus on improving the standard of living of Nigerians by creating jobs, paying stipends to those that are jobless, feeding school children and so on. Only then should they even think of removing subsidy. 72 Likes 7 Shares |
Re: Economy can’t sustain subsidy – Kachikwu, NNPC boss: Vanguard by ijustdey: 4:21am On Aug 21, 2015 |
the Punch newspaper advice government not to fix the oil prices and let the market forces determine which price each marketer wants to sell its fuel which I agree from the onset... since the price of crude oil is getting lower now and it around the range of 50-40dollar now per barrel. A far cry from what its used to be. let see if the president will take the bull by the horn and remove subsidy or it will just be like that of GEJ who latter revert back after the strike by the organised labour #watching mode 1 Like |
Re: Economy can’t sustain subsidy – Kachikwu, NNPC boss: Vanguard by Islie: 4:48am On Aug 21, 2015 |
This was to be expected. All the noise about fraud and NNPC reorganization was going to end up with subsidy removal. It seems every government has nothing else to offer except to talk subsidy. Go ahead and do your price adjustment, forget about the campaign promises. This time there will be no rally in Ojota because the promoters are in government. The rally in abuja won't surface because...... Is this the Change they promised us? 46 Likes 6 Shares |
Re: Economy can’t sustain subsidy – Kachikwu, NNPC boss: Vanguard by eleojo23: 4:49am On Aug 21, 2015 |
The economy cannot sustain subsidy but it can sustain the huge sums paid to lawmakers in the Senate and house of reps as allowances. SMH If they want to reduced recurrent expenditure, they should first reduce the cost of governance. 39 Likes 4 Shares |
Re: Economy can’t sustain subsidy – Kachikwu, NNPC boss: Vanguard by cornoil(m): 4:52am On Aug 21, 2015 |
Choi. Abeg Baba God help us your pikin for this Nigeria. 1 Like |
Re: Economy can’t sustain subsidy – Kachikwu, NNPC boss: Vanguard by Nobody: 4:53am On Aug 21, 2015 |
But really we have been buying fuel at more than 100 naira per liter for the past 5-6month... I read somewhere that the landing cost of PMS is about 100...so please kindly remove the stupid subsidy NOW....or it has been removed already 4 Likes |
Re: Economy can’t sustain subsidy – Kachikwu, NNPC boss: Vanguard by isbish(m): 5:03am On Aug 21, 2015 |
Ok sir. Just look at PMB's face and u will see he means business to make Nija great again, hence, do what's necessary Mr. Kachuks and make good change happen. N.B...Guys please help me rejoice for a new job offer I got. Its a very good job, God (Allah) has been very favourable to me. The secret is to wake late at nyt when everyone is enjoying sleep and pray to God. That's when HE favours HIS servants the more over all times. Fast as well and be patient with God while in prayers. 29 Likes 3 Shares |
Re: Economy can’t sustain subsidy – Kachikwu, NNPC boss: Vanguard by simp: 5:38am On Aug 21, 2015 |
This one hard oo |
Re: Economy can’t sustain subsidy – Kachikwu, NNPC boss: Vanguard by tunwumi: 5:51am On Aug 21, 2015 |
We all know this is truth but Nigeria economy is a volatile one that gallop with fuel price |
Re: Economy can’t sustain subsidy – Kachikwu, NNPC boss: Vanguard by Pavore9: 5:54am On Aug 21, 2015 |
Subsidy must have to go while the cost the running the government at all levels must also have to be drastically reduced. l do not believe in giving jobless people stipends but rather let them be empowered through trainings as there are a million and one opportunities in the Agricultural sector alone. 1 Like |
Re: Economy can’t sustain subsidy – Kachikwu, NNPC boss: Vanguard by Nobody: 5:56am On Aug 21, 2015 |
Islie:shake my hand...you said it well.. Let this subsidy issue be done with and lets move on... 4 Likes |
Re: Economy can’t sustain subsidy – Kachikwu, NNPC boss: Vanguard by Nobody: 5:57am On Aug 21, 2015 |
But I thought andd heard there was never subsidy in the first place...which do we believe in this lie lie country... 15 Likes 2 Shares |
Re: Economy can’t sustain subsidy – Kachikwu, NNPC boss: Vanguard by eagleeye2: 6:14am On Aug 21, 2015 |
We claim to practise capitalism. But government has its hand in every pie. Was this not the same Subsidy that GEJ wanted to remove before the #occupyNigeria movement sprang up? Had it been it was removed that time won't the market forces have regulated the price of petroleum product? I know someone will come up and tell me that we didn't have certain things in place to remove it then. My arguement as always will be have we now put those things in place? #occupynigeria & #bbog were really used to decieve the gullible ones. Say what your must, GEJs sins would ve been overlooked had it been he was from certain region in this country. . For the avoidance of doubt, I am all for subsidy removal. Because I believe that government cannot sustain it for long and moreover I believe the market forces should be aloud to play its hand. NB I have been buying pms for #110 a litre. How much higher can it go and how much longer before the forces of demand and supply comes into play if subsidy is removed. 22 Likes 3 Shares |
Re: Economy can’t sustain subsidy – Kachikwu, NNPC boss: Vanguard by otokx(m): 6:18am On Aug 21, 2015 |
Remove subsidy then devalue the naira/dollar and then its a brand new start. 3 Likes |
Re: Economy can’t sustain subsidy – Kachikwu, NNPC boss: Vanguard by finaly01: 6:22am On Aug 21, 2015 |
Do we still import fuel? I thought the three major refineries are now fully working. Was hoping that before the end of this year fuel price should be less than 50 Naira per liter 6 Likes 1 Share |
Re: Economy can’t sustain subsidy – Kachikwu, NNPC boss: Vanguard by adebayo201: 7:05am On Aug 21, 2015 |
Una good morning oh! |
Re: Economy can’t sustain subsidy – Kachikwu, NNPC boss: Vanguard by Skypelogger: 8:15am On Aug 21, 2015 |
Re: Economy can’t sustain subsidy – Kachikwu, NNPC boss: Vanguard by koligs: 8:15am On Aug 21, 2015 |
I 100% blame Jonathan for this... Tanoids, lick your butts |
Re: Economy can’t sustain subsidy – Kachikwu, NNPC boss: Vanguard by loomer: 8:16am On Aug 21, 2015 |
Make una no remove am o 1 Like 1 Share |
Re: Economy can’t sustain subsidy – Kachikwu, NNPC boss: Vanguard by ennysuccess(m): 8:16am On Aug 21, 2015 |
Make dey remove d subsidy abeg if e go make 9ja beta even if fuel na N500 we go still buy am |
Re: Economy can’t sustain subsidy – Kachikwu, NNPC boss: Vanguard by tlops(m): 8:16am On Aug 21, 2015 |
Remove it. And give account to the nation. |
Re: Economy can’t sustain subsidy – Kachikwu, NNPC boss: Vanguard by anonimi: 8:17am On Aug 21, 2015 |
Really Buhari must hear this since he has CONTINUED paying subsidies for the past three months even though he said he knows NOTHING about it. What a bloody HYPOCRITE, scammer, 419er and utterly CORRUPT individual did we vote for on March 28? www.nairaland.com/attachments/2589504_subsidy2_jpeg57ea79bc1f8758353f00f8db1d53dbf1 14 Likes 4 Shares |
Re: Economy can’t sustain subsidy – Kachikwu, NNPC boss: Vanguard by Firefire(m): 8:18am On Aug 21, 2015 |
1 Like 1 Share |
Re: Economy can’t sustain subsidy – Kachikwu, NNPC boss: Vanguard by nationwide1(m): 8:19am On Aug 21, 2015 |
But APC chieftains and supporters wanted to decapitate GEJ for ever nursing the idea of removing subsidy. I hope the change is not fake. I still remember APC members sleeping on the streets of Lagos to protest against removal of subsidy on petroleum products. 17 Likes 4 Shares |
Re: Economy can’t sustain subsidy – Kachikwu, NNPC boss: Vanguard by sud12(m): 8:19am On Aug 21, 2015 |
We need Gods intervention, not removal of subsidy!!! |
Re: Economy can’t sustain subsidy – Kachikwu, NNPC boss: Vanguard by Mopolchi: 8:19am On Aug 21, 2015 |
Oga for saying this, be ready for...
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Re: Economy can’t sustain subsidy – Kachikwu, NNPC boss: Vanguard by loomer: 8:19am On Aug 21, 2015 |
ijustdey: If like say jona remove am after people had gone on strike you for call am dictator 11 Likes 2 Shares |
Re: Economy can’t sustain subsidy – Kachikwu, NNPC boss: Vanguard by Mutuwa(m): 8:20am On Aug 21, 2015 |
anyways... I don't know how true this story is, but it's worth sharing for us to be more cautious! Please beware of who you give lift on the road, a commuter assisted a uniformed police man while traveling; after a few poles the policeman got off the car and had secretly dropped two bullets on the floor of the car. The commuter out of divine intervention had a. Prompting to check where the policeman sat and noticed the bullets and threw them away. Shortly after a few poles he was stopped at a police checking point and properly cleared and thoroughly searched as if they knew he had something. They dismantled the seats while they communicated with someone on the phone. After several hours of thorough searching he noticed the guy he gave lift earlier had arrived at the same check point but refused to come close, and he was allowed to go. He noticed that they were startled like it's impossible. Please rebroadcast this. Many innocent persons may have been killed or jailed as a result of this wicked plot of criminal minded and wicked hearted uniformed men. 10 Likes 8 Shares |
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