victorels:
It should be more than that o. We have been paying N8 to N16 on every liter of fuel.

He should tell us the average number of liters imported per day so we can do the estimate ourselves.

We need to know how much we even have in a federation account. Like how much has been recovered, how much has been collected by revenue house etc.

We were promised a transparent government.

#Accountability

Bevista:
According to PPPRA, Nigeria consumes about 35 - 40m litres of PMS per day. You can do your maths now, pal.

KissCODE:
Lying upon lying.
What has characterized this APC government is lies.
Kachikwu said few days ago that imported PMS is cheaper than locally refined. Now he is telling us another lie.
If Pastor Osinbajo would lie on a pulpit it means APC has enshrined lies in their lives.
No fuel in our filling stations and you are talking about money saved. Which wise father would starve his children just to have money in his bank account.
Nigeria is doomed because APC‘s chain‘ge‘ is seriously killing us gradually.

victorels:
so this $1Trillion, is it for how many months and since when did we begging to subsidize for federal government? What is the average that we pay per litter given that the naira has been fluctuating against the dollar.

It will be difficult to do this estimate. But I believe it is more.

I also hope that it doesn't include revenue from oil export. It will be double ojoro for them to try to merge the two.

#SayingmyThought

Kachikwu said for the first time, NNPC had met up with 75 per cent of its responsibility to the federation account.
“With the new DSDP programme, not solely designed by me, but by all of you, you’re saving the nation $1 billion in importation programme, $1bn.
“Look at the fact that with the removal or connivance on the removal of subsidy cost, you are saving the nation N1 trillion. For the first time, this organisation is not worrying about where to get the next subsidy money or who is going to pay it.
“For the first time, our refineries are ready now to work. Crude has been pumped from Brass to Port Harcourt. Pipeline is being used for the first time in six years. For the first time, we are able to pump to Ilorin, we have not done that in 10 years,” he added.
He assured that in two weeks, the refineries would begin to receive crude via pipelines.

Bevista:
Let's work on a few assumptions (worst case scenario):
* 40m litres of PMS per day
* overage of N15/litre
* 10 months
---
* 40m x N15 = N600m overage per day
* N600m x 30 Days = N18b savings per month
* N18b x 10 months = N180b
---
The above analysis is very simplistic and may have a wide margin of error - since it may not account for a number of variables. However, the point was merely to provide some perspective about your assertion that saved figures should be significantly more than what is reported.

TrueSenator:
The calculation is wrong. Translate the suffering of the masses into the formula and let's see if you will still brag? Government's inaction or irresponsibility in making product available is disgraceful.

Savings can only be proudly recorded when you produce sufficient product and drastically reduce imported product. This is how to save money and not when you allow the masses take responsibility for the importation of petroleum product by bearing the cost of unsubsidized product .

NIGERIANS are not FOOLS.....APC please take note.

TrueSenator Has SPOKEN

victorels:
It should be more than that o. We have been paying N8 to N16 on every liter of fuel.

He should tell us the average number of liters imported per day so we can do the estimate ourselves.

We need to know how much we even have in a federation account. Like how much has been recovered, how much has been collected by revenue house etc.

We were promised a transparent government.

#Accountability

victorels:
That is abou half of $1bil.
So the $1tril that they have saved, was it the amount they wold have paid as subsidy were it GEJ that is in office or the amount they have generated as revenue.