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Nairaland Forum / Nairaland / General / Politics / Kachikwu, State Governors Forced Buhari To Hike Fuel Price - FG Official (30454 Views)
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Re: Kachikwu, State Governors Forced Buhari To Hike Fuel Price - FG Official by emmygzy(m): 9:18pm On May 15, 2016 |
MurderX:nooo, if they remove subsidy it should be around 99 naira using the official exchange rate. The 145 is arrived at when 298 naira was used as the exchange rate by kachikwu. So for NNPC to use 298 naira is a fraud because they get their forex at 199 from CBN and NNPC too want to be selling at 145 too. Nigerians will be paying 46 naira extra to the federal government anytime we purchase Fuel @ 145 naira at NNPC filling station. So you see that it's fuel price hike to generate money for Federal government. 3 Likes |
Re: Kachikwu, State Governors Forced Buhari To Hike Fuel Price - FG Official by alexlee50: 9:19pm On May 15, 2016 |
Kineticist:try to read and research before making comments |
Re: Kachikwu, State Governors Forced Buhari To Hike Fuel Price - FG Official by giles14(m): 9:27pm On May 15, 2016 |
kutchs:I remember den wen subsidy was removed and pple were sing dat GEJ is a drunkard, jst hope dat PMB has not taken to drinking as well. unease is d head dat wears d cap. God bless me god bless GEJ god bless Nigeria 1 Like |
Re: Kachikwu, State Governors Forced Buhari To Hike Fuel Price - FG Official by Jico87: 9:34pm On May 15, 2016 |
DropShot: How do you want him to increase minimum wage when your foreign earnings are depleting, how are you sure if you provide this so called 15bn excess from subsidy to this state governors it would be used to even pay outstanding salary |
Re: Kachikwu, State Governors Forced Buhari To Hike Fuel Price - FG Official by kings09(m): 9:36pm On May 15, 2016 |
Very true too oo Checked86: |
Re: Kachikwu, State Governors Forced Buhari To Hike Fuel Price - FG Official by Nobody: 9:36pm On May 15, 2016 |
As expected, the blames most be shifted to the dogs to MAKE PMB A SCENT. |
Re: Kachikwu, State Governors Forced Buhari To Hike Fuel Price - FG Official by ICEFLAME419ja(m): 9:37pm On May 15, 2016 |
Re: Kachikwu, State Governors Forced Buhari To Hike Fuel Price - FG Official by amtaken(f): 9:44pm On May 15, 2016 |
Buhari always looking for a way to shift blame to others. |
Re: Kachikwu, State Governors Forced Buhari To Hike Fuel Price - FG Official by pedestal82(m): 10:05pm On May 15, 2016 |
Definitly not his decision, so also every bad one this past year, his govt has taken. In Buhari govt the bulk does not stop at his table, sombody has to be blamed, just like the padded budget. Yes buhari was forced to remove subsidy thank you. |
Re: Kachikwu, State Governors Forced Buhari To Hike Fuel Price - FG Official by Kingspin(m): 10:06pm On May 15, 2016 |
Every thing Una go find way to remove Buhari from shame. Buhari na president of Nigeria oooooo |
Re: Kachikwu, State Governors Forced Buhari To Hike Fuel Price - FG Official by Chuknovski(m): 10:08pm On May 15, 2016 |
llook closely and you will agree |
Re: Kachikwu, State Governors Forced Buhari To Hike Fuel Price - FG Official by alt3r3g0: 10:13pm On May 15, 2016 |
kutchs: With the federal allocation and current under developed way Bayelsa is, they should not in any way be owing salaries...but no...we wont ask the governor to give account, lets just blame the federal govt cos its gives us joy. 1 Like |
Re: Kachikwu, State Governors Forced Buhari To Hike Fuel Price - FG Official by IamThrive(m): 10:14pm On May 15, 2016 |
Are we talking about the state governors that go in a convoy of nothing less than 10 exotic jeeps/cars or what? |
Re: Kachikwu, State Governors Forced Buhari To Hike Fuel Price - FG Official by eph12(m): 10:15pm On May 15, 2016 |
MurderX:The vice president would disagree with you. According to him there was no subsidy to be removed. |
Re: Kachikwu, State Governors Forced Buhari To Hike Fuel Price - FG Official by Solozzo(m): 10:17pm On May 15, 2016 |
Nairalanders what would you have done if you were Buhari? |
Re: Kachikwu, State Governors Forced Buhari To Hike Fuel Price - FG Official by Bollinger(m): 10:18pm On May 15, 2016 |
Kineticist: Plenty. When states cannot fend for themselves and the government continues to bail them out. Where do you think the funds are coming from? Nigerians really need to begin to understand the concept of cause and effect. Nigeria did not just become bad overnight. The cause is half a century of terrible citizens and even worse leadership. The effect is what you have as a country today. Blaming Buhari for something that is the fault of every single person in Nigeria is madness. |
Re: Kachikwu, State Governors Forced Buhari To Hike Fuel Price - FG Official by Hengineer: 10:29pm On May 15, 2016 |
orunto27:Are you saying nnpc should provide 100% fuel demand from its non-existent refineries?. ... or are you saying nnpc should import 100% of fuel demands?.... nnpc obviously doesn't have the capacity to do any of these. |
Re: Kachikwu, State Governors Forced Buhari To Hike Fuel Price - FG Official by Hengineer: 10:32pm On May 15, 2016 |
eph12:Get your facts right, the vp never said that. learn to read and assimilate and do not let others do the reading and assimilation for you because they may be wrong. |
Re: Kachikwu, State Governors Forced Buhari To Hike Fuel Price - FG Official by Masculity(m): 10:35pm On May 15, 2016 |
yarimo: Remember how Ameachi and Co. Forced GEJ to share money from federation account. |
Re: Kachikwu, State Governors Forced Buhari To Hike Fuel Price - FG Official by Nobody: 10:53pm On May 15, 2016 |
MurderX: spoken like a true zombie |
Re: Kachikwu, State Governors Forced Buhari To Hike Fuel Price - FG Official by yarimo(m): 10:56pm On May 15, 2016 |
But that is why Nigerians votes for change of government Masculity: |
Re: Kachikwu, State Governors Forced Buhari To Hike Fuel Price - FG Official by gidjah(m): 11:17pm On May 15, 2016 |
MY QUESTION IS THIS;to what extent is this govt carrying the massies along in her policy making?how many garri market seller understands what buhari and his ministers are into now? |
Re: Kachikwu, State Governors Forced Buhari To Hike Fuel Price - FG Official by AhmadMind: 11:34pm On May 15, 2016 |
[size=28pt]Yes #Nationalize-Every-Oil-Well Let the Movement Begin!![/size] |
Re: Kachikwu, State Governors Forced Buhari To Hike Fuel Price - FG Official by Nobody: 11:59pm On May 15, 2016 |
He said Buhari would not have agreed to the new fuel pricing regime if he had not been presented with the compelling evidence that Nigeria’s declining foreign earnings from oil would be further devastated unless independent oil marketers and other interested entities are encouraged to import fuel. I would like Nigerians to pay attention to the highlighted points......and to for once put aside PDP, APC, GEJ , PMB etc. Here is the problem. Or rather two problems that led to the increase in fuel price. 1.We are not earning enough money from our crude oil.....so we cannot finance imports with forex at current rate. 2.We import too much fuel.Keep in mind that Nigeria needs 43 million liters of fuel per day....and our refineries can only produce 17 million liters of fuel/PMS.....if they are operating at full capacity.(One expert even thinks Nigeria needs 70million liters of PMS a day.). The reason why so many people think that removing subsidy is a good idea is because right now....Nigeria is a broke nation. That is why even those calling for palliatives should please wake up and smell the roses. There is no money for palliatives. We just have enough to keep things running as it is. Nigerians have a serious problem....and the problem is that we always want to spend money we do not have. Right now...we want to live as if oil is $123 per barrel....rather than the $50 per barrel. This does not make sense. We do not have the money. This is not an excuse for corruption....in fact...corruption hurts us badly because they are stealing from a broke nation. Time we faced reality. Nigeria is , and never was a rich nation. Rich nations are not the countries that rely on selling raw materials and sharing the profits...especially when the profits are not used right. Rich nations invest in the productivity of their people....not in behaving like a trader. High time we spent more on power, transport, education, etc...and got off this oil mess. Oil will never save us. 1 Like |
Re: Kachikwu, State Governors Forced Buhari To Hike Fuel Price - FG Official by Nobody: 12:06am On May 16, 2016 |
orunto27: Now...here is some facts... Nigeria needs 43 million liters of fuel daily. Our four existing refineries...at full capacity (they are not at full capacity now) can only give us 17 million liters of fuel daily.....ie 17 million.....leaving us with a deficit of 26 million liters of fuel needed. (And some experts think that we need 70 million liters of fuel a day). If we stop importing.....we will have CHRONIC fuel scarcity.......and I mean CHRONIC(If you thought the last 6 months were bad...this would be even worse)....no hope of relief. You may even have to forget about using a car for MONTHS on end. And yes...we should build refineries....but that takes 3-4 years for one...and we need at least 5 new ones. You see the issue? We cannot stop imports. That is why some of us are angry with PDP for not building refineries...and we would get very angry with APC if they do not build refineries. |
Re: Kachikwu, State Governors Forced Buhari To Hike Fuel Price - FG Official by princejayboss: 12:49am On May 16, 2016 |
Imagine .... What do they take nigerians as, so buhari cant do things he want or just that he cant take responsibility of his actions, i guess the image makers are fixing the integrity part .... Mr President take responsibility for your actions |
Re: Kachikwu, State Governors Forced Buhari To Hike Fuel Price - FG Official by Nobody: 1:09am On May 16, 2016 |
The man is up to no good. The earlier Buhari kicks him out the better. |
Re: Kachikwu, State Governors Forced Buhari To Hike Fuel Price - FG Official by fornnygee(m): 2:50am On May 16, 2016 |
Kineticist: Because that is where the increase in their shared revenue comes from. Oil price dropped below $40 per barrel compared to when it was above $120 a barrel, with new employments, total payout for employees, low revenue allocation and inflation. And because government has been paying substantial amount as subsidy, with the removal it frees up that huge amount of money paid out to marketers for the government. So you can see why the governors supported the increment and subsidy removal. |
Re: Kachikwu, State Governors Forced Buhari To Hike Fuel Price - FG Official by fornnygee(m): 3:02am On May 16, 2016 |
emmygzy:They used 298 bearing in mind they will be sourcing their FX from the parallel (black market). There is no way they will source and get FX from external at CBN rate which your official rate of 199. So what the government did was to strike a balance by using 298. So if a marketer gets his FX above 298, reality is that he might be selling higher than 145 or lower if he gets his FX at CBN official rate of 199. |
Re: Kachikwu, State Governors Forced Buhari To Hike Fuel Price - FG Official by Fearcom(m): 3:09am On May 16, 2016 |
Kineticist: Where do you think governors get the monthly allocation to run their states from? The Sky?? Many state workers are groaning because the allocation to states have drastically dropped. Some people over here who were recently employed had their employment terminated when the state government couldn't cope 1 Like |
Re: Kachikwu, State Governors Forced Buhari To Hike Fuel Price - FG Official by okonta12: 3:34am On May 16, 2016 |
orunto27:100%/Do u know d state of our 30yrs old Refineries |
Re: Kachikwu, State Governors Forced Buhari To Hike Fuel Price - FG Official by kristisking(m): 6:12am On May 16, 2016 |
This is the real definition of 'cluelessness'. You know the consequence of hiking the price of fuel, yet you allowed people to tell you what to do. This man is not fit to rule this country. |
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