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Nairaland Forum / Nairaland / General / Politics / Fuel Subsidy Not Removed - Osinbajo (40026 Views)
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Re: Fuel Subsidy Not Removed - Osinbajo by chronique(m): 9:27am On May 14, 2016 |
To those still confused as to whether government has removed subsidy or not: get a copy of the 2016 budget and see if there is a provision for fuel subsidy. That settles it. 2 Likes |
Re: Fuel Subsidy Not Removed - Osinbajo by nortcentrallord(m): 9:27am On May 14, 2016 |
dukecharles: Thank you. Sometimes resisting the urge to call these cretins what they are is so low. |
Re: Fuel Subsidy Not Removed - Osinbajo by nwakibie3(m): 9:28am On May 14, 2016 |
2 Likes 1 Share
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Re: Fuel Subsidy Not Removed - Osinbajo by SirREX94: 9:30am On May 14, 2016 |
I was actually expecting them to come out and debunk the news. I'm ain't surprised, they've been contradicting themselves eversince. Where is Bubu, that it has to be the professor that we address us on salient national issues?. Bunch of inconsistent bleepers! |
Re: Fuel Subsidy Not Removed - Osinbajo by ClintonDal(m): 9:31am On May 14, 2016 |
Pidggin:You're not alone, Buhari and his cohorts are just running from pillar to post. The gist is seriously confusing, if there is one thing Nigerian politicians esp. APC are good in its throwing huge figures around. 1 Like |
Re: Fuel Subsidy Not Removed - Osinbajo by LaExpert: 9:32am On May 14, 2016 |
Honest fact! Simple and short. I wonder which subsidy the government was paying considering the price of crude oil. 1 Like |
Re: Fuel Subsidy Not Removed - Osinbajo by BekeeBuAgbara: 9:33am On May 14, 2016 |
Dahveydson:Yes to protect the masses by increasing the price to #145. What a loving government. 3 Likes |
Re: Fuel Subsidy Not Removed - Osinbajo by Infinitikoncept(m): 9:33am On May 14, 2016 |
dukecharles:My own question is simple. What exactly are the masses gaining from this government? They denied us forex for international transaction, even the form A & M u go sweat to get it approved especially form M wey go need anointing & 30 days fasting and prayer, they sell to banks at official rate and close their eyes when banks charge us close to black market rate yet some people sit down on that forex using it for their own personal use & dey tell us the government is helping us!! By the time pressure from the oil marketers that spend millions of USD on individual basis hit the USD it will jump to #500 before December |
Re: Fuel Subsidy Not Removed - Osinbajo by Hengineer: 9:34am On May 14, 2016 |
berrystunn:Bros, the matter is just simple elementary english, I didnt have to smoke anything to understand this one. |
Re: Fuel Subsidy Not Removed - Osinbajo by OBAGADAFFI: 9:35am On May 14, 2016 |
LaExpert: My question for you . If fuel prices increase to $100 will the government reintroduce subsidy? |
Re: Fuel Subsidy Not Removed - Osinbajo by Dahveydson(m): 9:35am On May 14, 2016 |
BekeeBuAgbara: Comprehension problems... |
Re: Fuel Subsidy Not Removed - Osinbajo by Huffington: 9:36am On May 14, 2016 |
Hengineer:Another Zombie on the loose. If indeed the FG removed subsidy as you argued, why then are they fixing prices? |
Re: Fuel Subsidy Not Removed - Osinbajo by Hengineer: 9:37am On May 14, 2016 |
SirREX94:Nobody debunked anything, the report is just false gibberish from a silly Vanguard reporter and editor. Kindly go back and read the quoted words of the VP in that report and point out where he said no subsidy has been removed? |
Re: Fuel Subsidy Not Removed - Osinbajo by Speakdatruth: 9:39am On May 14, 2016 |
Hengineer:sincerely I never knew so many Nairaland members are just illiterate, I was scrolling down looking for someone that understood d content of d article and d misleading title. well thanks for been a learned fellow 2 Likes |
Re: Fuel Subsidy Not Removed - Osinbajo by tivta(m): 9:40am On May 14, 2016 |
I need to pay homage to the nairaland member that predicted that the government would come out and say something like this, that guy or girl who said it is a prophet |
Re: Fuel Subsidy Not Removed - Osinbajo by BekeeBuAgbara: 9:41am On May 14, 2016 |
Dahveydson:You and Osubade can't confuse me with long grammar. 1 Like |
Re: Fuel Subsidy Not Removed - Osinbajo by cckris: 9:42am On May 14, 2016 |
dukecharles: |
Re: Fuel Subsidy Not Removed - Osinbajo by nortcentrallord(m): 9:42am On May 14, 2016 |
Who ever read and properly digested what this "man" is saying will know that he is contradicting himself. Nigerians in Nigeria should prepare for this is just the beginning of fuels scarcity except exchange rate drops which is clearly not possible. Even in the case of availability of pms, there will be no money to buy because no marketer will access forex from the "black market" @ an exorbitant rate without selling higher than 145 naira. Nobody does business to loose. If this administration came up with possible lies of saving to build refineries for local usage, it would have been easy to hear. Zombies will die 1st before right thinking Nigerians. 1 Like |
Re: Fuel Subsidy Not Removed - Osinbajo by LaExpert: 9:43am On May 14, 2016 |
OBAGADAFFI: Most likely not. The removal of 'monopoly' by the federal government is enough to keep the landing cost low. My question for you is: Is VP Osinbajo wrong with his statement? |
Re: Fuel Subsidy Not Removed - Osinbajo by Hengineer: 9:44am On May 14, 2016 |
Omooba77:The link you posted further buttresses my point, it is very clear. The VP has said the INCREASE IN PRICE is not because of the fuel subsidy removal, but rather because marketers now have to get their forex from the blackmarket at about N290 or so to a dollar. The VP did not say subsidy has not been removed, he only said the subsidy removal is not the main driving factor for the high N145. Hopefully my explanation is now clear?.... the quack Vanguard journalist who titled this report is just either daft or dubious. The Punch report titles it more appropriately. |
Re: Fuel Subsidy Not Removed - Osinbajo by csamii: 9:45am On May 14, 2016 |
MaziOmenuko: If people like you are now confused then Nigeria is in trouble indeed. |
Re: Fuel Subsidy Not Removed - Osinbajo by ibietela2(m): 9:45am On May 14, 2016 |
Pidggin: Don't be |
Re: Fuel Subsidy Not Removed - Osinbajo by sleekdre: 9:47am On May 14, 2016 |
This pastor can lie |
Re: Fuel Subsidy Not Removed - Osinbajo by alfsalami: 9:48am On May 14, 2016 |
The disgraceful interpretations of that simple statement has once again expose our poor quality of education . The VP simply explained that the emphasis is not about the insignificant subsidy but FOREX issues that has made them to throw the market open contributing more to this hike. AS 3 Likes |
Re: Fuel Subsidy Not Removed - Osinbajo by Hengineer: 9:51am On May 14, 2016 |
Huffington:It is actually painful explaining elementary things to people who are supposedly educated, but have sent their basic comprehension skills on permanent vacation because of some flimsy political sentiments. The point I made was very clear, the quack Vanguard journalist is either too daft or just being dubious for coming up with such a wrong interpretation and title. Regarding subsidy, the government fixed an UPPER price band to prevent marketers from exploiting Nigerians. It doesnt mean there is subsidy. The government is simply saying marketers can sell at any price they want but they shouldnt go above 145. 2 Likes |
Re: Fuel Subsidy Not Removed - Osinbajo by Nobody: 9:52am On May 14, 2016 |
This is the most controversial VP i have ever witness |
Re: Fuel Subsidy Not Removed - Osinbajo by pchukwudi: 9:55am On May 14, 2016 |
Hengineer: Can you define deregulation for me Mr. Smart? Do you even know what competition and market forces are? |
Re: Fuel Subsidy Not Removed - Osinbajo by Hengineer: 9:58am On May 14, 2016 |
chisco82:Simple explanation, 'govt has stopped paying subsidies.' Ordinarily with oil prices at $40, petrol shouldnt even sell for up to N100 without subsidy, but the driving factor is now the cost of forex; marketers now have to get their forex from the blackmarket at about 290-300 (and above) instead of the N197-200 which they usually got it before, this is the reason the price shot-up to N145. It may even be reviewed above N145 because obviously, the cost of forex has now risen significantly since the announcement that marketers are now to get their forex from the blackmarket. 2 Likes |
Re: Fuel Subsidy Not Removed - Osinbajo by Hengineer: 9:58am On May 14, 2016 |
pchukwudi:What exactly is the point you are trying to make?.. deregulation doesnt still mean thw govt should completely turn its head the other way while marketers exploit the nation. 1 Like |
Re: Fuel Subsidy Not Removed - Osinbajo by pchukwudi: 10:04am On May 14, 2016 |
Hengineer: Simple request: define deregulation for me. |
Re: Fuel Subsidy Not Removed - Osinbajo by babestella: 10:08am On May 14, 2016 |
No matter how this is explained, the queens English used in explaining it, it doesn't remove the fact that we are all buying Petrol at prices above N145 per liter. So al these explanations about some people not understanding what the short man is saying is hug wash, the reality is 145 per liter. Now the man further said that its just a price increase based on foreign exchange and not removal of fuel subsidy, so what then will be the price when the fuel subsidy is removed? Your guess should be as good as mine. I still dey laugh out loud about this charade playing out in this fraud of a country called Nigeria. 1 Like |
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