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Nairaland Forum / Nairaland / General / Politics / Buhari Has Saved N1.4trn By Not Paying Subsidy On Fuel – Osibanjo (17709 Views)
Fuel Scarcity: FG's Subsidy On Fuel Hits N29.68bn In 14 Days / FG To Withdraw Subsidy On Fertiliser – Agriculture Minister / Subsidy On Petrol Rises To N9.09 Per Litre (2) (3) (4)
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Re: Buhari Has Saved N1.4trn By Not Paying Subsidy On Fuel – Osibanjo by donnie(m): 9:35am On Aug 26, 2016 |
1.4 trillion saved. Where? 1 Like |
Re: Buhari Has Saved N1.4trn By Not Paying Subsidy On Fuel – Osibanjo by donnie(m): 9:35am On Aug 26, 2016 |
We keep hearing of money being recovered and saved. No one is telling or giving account of what the money is used for. Well, you will surely give account, if not today, tomorrow. 1 Like |
Re: Buhari Has Saved N1.4trn By Not Paying Subsidy On Fuel – Osibanjo by QuickLoans(f): 9:35am On Aug 26, 2016 |
What's the essence of him saving that huge amount if he is not investing it to better our lives? He should create job opportunities for the unemployed graduates and underemployed graduates and stop exploiting the poor in this country all in the name of subsidy removal. 1 Like |
Re: Buhari Has Saved N1.4trn By Not Paying Subsidy On Fuel – Osibanjo by hucienda: 9:35am On Aug 26, 2016 |
globe16: anti-zombie serum? lwkmd ... you guys can rili crack up someone here in NL. 1 Like |
Re: Buhari Has Saved N1.4trn By Not Paying Subsidy On Fuel – Osibanjo by cliquevibes(m): 9:36am On Aug 26, 2016 |
Correct Me if am wrong, Was it nt still d same subsidy dat d previous administration tried to remove dat d so called APC went against and said it wuld only bring hardship upon Nigerians Who knew dat d removal had such benefit, If so y go against d removal of d subsidy during d regime of jonathan... Politics is really a dirty game!! 2 Likes |
Re: Buhari Has Saved N1.4trn By Not Paying Subsidy On Fuel – Osibanjo by Icecomrade: 9:38am On Aug 26, 2016 |
Noblecx: God bless your heart. Many Nigerians are just too myopic to see that the cost of this saving is the suffering, hunger, inflation and inability of the little naira they get to buy anything reasonable in the market. Some brains are cursed. 1 Like |
Re: Buhari Has Saved N1.4trn By Not Paying Subsidy On Fuel – Osibanjo by lagboy19: 9:38am On Aug 26, 2016 |
Allah should intervein in our country problem because we are the most richest country in the world and again we are the most poorest living in the globe please for you to understand me go to Malaysia an see the can live the citizen are living we our own country please let pray to Olodumare,Allah,God in what ever way you understand or call you creator Pray for our dearest Country NIGERIA for the unborn children of our Nation |
Re: Buhari Has Saved N1.4trn By Not Paying Subsidy On Fuel – Osibanjo by bumi10(m): 9:41am On Aug 26, 2016 |
to what end? mtchwwwww 1 Like |
Re: Buhari Has Saved N1.4trn By Not Paying Subsidy On Fuel – Osibanjo by CoolFreeday(m): 9:42am On Aug 26, 2016 |
omogin: is the Federal govt owing workers? no. or you are expecting the Federal govt to still give bailout to the states that couldn't account for the first one they collected. The last time I check, the contractors are being mobilise to site and are receiving part of their payment. #Gradually Nigeria will get better. |
Re: Buhari Has Saved N1.4trn By Not Paying Subsidy On Fuel – Osibanjo by Omeny: 9:43am On Aug 26, 2016 |
Saving such huge amount of Money yet the Economy is drowning, Firms are having bad times and folding up and hunger in the land. I will believe this when I see the Economy bounce back and pple start feeling a better live but for NOW,Save me all these trash. 1 Like |
Re: Buhari Has Saved N1.4trn By Not Paying Subsidy On Fuel – Osibanjo by Nobody: 9:44am On Aug 26, 2016 |
That's believable. The extra collective expenditure Nigerians are making on petrol alone as a result of subsidy removal may amount to N1.4tr as well. The extra collective expenditure on all things affected by petrol, however, is so ghastly that it has inspired migration and suicides. 1 Like |
Re: Buhari Has Saved N1.4trn By Not Paying Subsidy On Fuel – Osibanjo by frankobaba(m): 9:49am On Aug 26, 2016 |
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Re: Buhari Has Saved N1.4trn By Not Paying Subsidy On Fuel – Osibanjo by chloedogie(m): 9:50am On Aug 26, 2016 |
Let me do a little mathematics here. The VP said the presidency has saved 1.5 trillion Naira in how many months of increasing the pump price to 145Naira. But here is the real impact on the economy. On the average, there are indications that Nigeria consumes 33,000,000 litres of PMS in a day. So if you increased the pump price to 145Naira from 86Naira, it means you added 59Naira to it. Now multiply 33,000,000 by 59Naira for one day that will be = 1,947,000,000 trillion Naira.(1.9trillion) So the masses are loosing 1.9trillion naira per day and the government has saved only 1.5trillion naira in how many days or months of increasing the pump price. Ain't an economist but from that statistics, things are not adding up accurately in my own view. People within this forum can still educate me better sha. Open up for schooling if I'm wrong. 3 Likes |
Re: Buhari Has Saved N1.4trn By Not Paying Subsidy On Fuel – Osibanjo by DonCortino: 9:50am On Aug 26, 2016 |
Akuko! |
Re: Buhari Has Saved N1.4trn By Not Paying Subsidy On Fuel – Osibanjo by claremont(m): 9:50am On Aug 26, 2016 |
omogin: Whose salary is the Federal Government owing, and what parastatal?! If you cannot answer this question, then I can conclude that your comment is a pathetic attempt to get 'likes'. Now take all the likes you have received to the bank, you can convert them to cash and pay yourself salary with the proceeds. |
Re: Buhari Has Saved N1.4trn By Not Paying Subsidy On Fuel – Osibanjo by precious1967(m): 9:56am On Aug 26, 2016 |
welldone. has he given d money to kerry? |
Re: Buhari Has Saved N1.4trn By Not Paying Subsidy On Fuel – Osibanjo by Nobody: 10:02am On Aug 26, 2016 |
This midget still has the nerve to talk. Hey man! Your boss is failing, and his popularity is fast declining. 1 Like |
Re: Buhari Has Saved N1.4trn By Not Paying Subsidy On Fuel – Osibanjo by Nobody: 10:04am On Aug 26, 2016 |
futurenix:Didn't these charlatans say the country was broke a while ago. What the heck are they saving the money for? They need to be clear about their plans for the economy ( if they have any) The economy is gradually grinding to a halt and these ppl are still spewing BS everyday. God Help Nigeria. 1 Like |
Re: Buhari Has Saved N1.4trn By Not Paying Subsidy On Fuel – Osibanjo by lielbree: 10:05am On Aug 26, 2016 |
Pictures of what project the 1trillion is being used for or I don't believe it! Bloody liars 1 Like |
Re: Buhari Has Saved N1.4trn By Not Paying Subsidy On Fuel – Osibanjo by precious1967(m): 10:06am On Aug 26, 2016 |
olatunji21:i cannt blame u because u are receiving ur salary regularly or u ve additional way which u're gettin extra money n u want state civil servants to commit sucide, abi? 1 Like |
Re: Buhari Has Saved N1.4trn By Not Paying Subsidy On Fuel – Osibanjo by Nobody: 10:08am On Aug 26, 2016 |
claremont:I think federal university lecturers aren't being paid full salary. I was told this by a professor friend of my Dad. I can't verify tho. 1 Like |
Re: Buhari Has Saved N1.4trn By Not Paying Subsidy On Fuel – Osibanjo by Nobody: 10:08am On Aug 26, 2016 |
Pls used the money saved for the betterment of Nigerians, they are dying 1 Like |
Re: Buhari Has Saved N1.4trn By Not Paying Subsidy On Fuel – Osibanjo by Eazeee(m): 10:12am On Aug 26, 2016 |
kai dis is 1 of d most us.eless statement coming from dis God 4saken apc govt. what does dis man from d brown roof zone take us for? does he think we all re zombies in dis con3? ok we all know from history dat money in billions & trillions are budgeted for subsidy yearly & now dat d subsidy is removed from our budget what den become of d billions & trillions? is it not logical dat d money must definitely b saved? more so his statement is a clear indictment of d cluelessness of dis govt as no wise or sane man will just save such money without channelling it into other important aspect of d economy more especially @ dis kind of chanji era where d economy needs an urgent deliverance. no wonder Jesus wept 1 Like |
Re: Buhari Has Saved N1.4trn By Not Paying Subsidy On Fuel – Osibanjo by edoziebobbyyahoocom(m): 10:12am On Aug 26, 2016 |
Where the money dey because we know say no be inside the economy you put am.
Abi is somebori saving for his generations unborn?
Hmmmm....... I no call name oh! 1 Like |
Re: Buhari Has Saved N1.4trn By Not Paying Subsidy On Fuel – Osibanjo by Nobody: 10:15am On Aug 26, 2016 |
And what da fuq has he done with d monies other than PAUPERISE/IMPOVERISH/DE-HUMANISE the common man....& blame previous govt, RAWBISHNESS!!! 1 Like |
Re: Buhari Has Saved N1.4trn By Not Paying Subsidy On Fuel – Osibanjo by nek12: 10:15am On Aug 26, 2016 |
Good, no more borrowing. They should bring out the money to move this country forward. 1 Like |
Re: Buhari Has Saved N1.4trn By Not Paying Subsidy On Fuel – Osibanjo by segebase(m): 10:24am On Aug 26, 2016 |
guess bullhari and wenger are baba ijebu... 1 Like |
Re: Buhari Has Saved N1.4trn By Not Paying Subsidy On Fuel – Osibanjo by hohafrank(m): 10:27am On Aug 26, 2016 |
Save what? While the masses have spent more than that because of pomp fuel price increase.This is like robbing Peter to pay Paul. God will judge this APC led by the dullard government. 1 Like |
Re: Buhari Has Saved N1.4trn By Not Paying Subsidy On Fuel – Osibanjo by donfineboi: 10:28am On Aug 26, 2016 |
CoolFreeday:Are u quick to forget the shameless dispostion of our federal government towards sportsmen in the just concluded Olympics why do you think the Japanese billionaire was generous to the plight of the eagles?..... The cries and worries of our athletes....Even Siasia is being owed 4 months salary..... our embassies accross the world are being owed salaries.... Just the few I am aware of. Lets try and be real and truthful to ourselves. 1 Like |
Re: Buhari Has Saved N1.4trn By Not Paying Subsidy On Fuel – Osibanjo by reality2019(m): 10:33am On Aug 26, 2016 |
how do we feel the impact? while the mazes are staving and the govt is doing nothing about it. 1 Like |
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