Abuja - Few hours after the federal government announced a reduction in the pump rice of petrol from N97 to N87, the presidential candidate of the All Progressives Congress (APC) has criticized the reduction.

Buhari on his Facebook page, Muhammadu Buhari, noted that the reduction was done out of desperation for votes.

He stated that the decision to many look good but in actual fact was a bad one.

He noted that President Jonathan is seeking to buy votes for N10.

He maintained that deregulation is the solution, not increased subsidy payments.

Read his full text statement

Out of desperation, GEJ's government has increased subsidy payments and reduced fuel prices to N87 per liter. Many people think it is a good decision. But it is not.
You think you are paying less at the Petrol station, but you cannot experience much economic developments this way. Why? The monies that have been budgeted for Education, Security, Constructions and many more will be diverted to pay for subsidy as it was never planned.

Budget - $65 per barrel.
Crude - $48 per barrel.
We are losing $17 per barrel.

In recent weeks, India and Indonesia have removed fuel subsidies. Nigeria's government decides to take on more.

Deregulation is the solution, not increased subsidy payments.

GEJ is seeking to buy your votes for N10, but your future cannot be exchanged for N10. He knows this move is not sustainable and so, he will definitely increase it, even more than N97, if you vote him in.

He waited up until 27 days to the election to make this move.

http://www.news24.com.ng/Elections/News/Buhari-slams-Jonathan-over-fuel-price-reduction-20150119

Nigerians Blast Jonathan Over Fuel Price Cut


Kazeem Ugbodaga
Nigerians have blasted President Goodluck Jonathan over the paltry reduction in the price of petroleum product from N97 to N87, saying the reduction is not commensurate with the fall in crude oil price globally.
Others say the president decided to cut the price of petroleum in order to win the heart of Nigerians to vote for him at next month’s election.
Speaking with P.M.NEWS, Lagos lawyer, Festus Keyamo said winning election was the reason Jonathan decided to reduce the price of petroleum product, describing it as a last minute deception and a panic mode to warm himself into the hearts of Nigerians.
“In the United States, the prices of petroleum were reduced two months ago when the prices started falling. Why are we just dong it here now? I am not impressed. The fuel price fall is about 60 percent and the reduction is not commensurate with the fall in prices,” he said.
Founder, Coalition Against Corrupt Leaders, CACOL, Comrade Debo Adeniran rejected the reduction, saying it is not commensurate with the fall in crude oil price, lamenting that the reduction was not also done across board as the prices of diesel and kerosene were not reduced.

Adeniran also said the reduction was simply political and a way to win the hearts of the people to vote for his candidacy.

Mr. Joe Igbokwe, Publicity Secretary, All Progressives Congress, APC, Lagos State said let nobody think that Jonathan did this because he loved Nigerians, and wants to alleviate their sufferings .
“Far from it, he did the natural thing that needed to be done. Since crude oil price has moved from more than 100 dollars per barrel to less than 50 dollars per barrel, this government has no alternative than to cut the prices of petroleum products in order to obey the economic laws of forces of demand and supply.
“All over the world, including the United States, pump prices of the products have been adjusted and Nigeria should not be an exception. So, let nobody, including the president think that political capital can be made out of this in this election period. It will never happen.
“After all, the pump prices are supposed to be reduced by half given that the crude oil price reduced by more than half. The truth is that Nigerians are still being cheated even with the current reduction. Let us fight for further reduction instead of celebrating this unfair treatment,” Igbokwe said.

Also, the APC in Oyo State has rejected the slight adjustment in the pump price of Premium Motor Spirit (PMS), describing the development as hypocritical
Director of Publicity, Olawale Sadare, challenged the president and his economic team to explain how the new pump price came into being and without making any guiding statement on it.

“It is to the common knowledge of everyone that the prices of crude oil in the global market have fallen by 50 per cent but the Nigerian government chose to announce a phantom 10 per cent reduction in the official pump price of petrol in what we suspect to be another subtle attempt to evolve a soft landing for the president in next month’s general elections.
“In as much as Nigerians are amazed that the PDP administration of Dr. Jonathan can bow to the pressure, which first came from the APC in Oyo State, to reduce the fuel pump price, it is curious to note that the announcement in the dead of the night by the minister did not meet the expectations of the people and as such cannot be celebrated.

“What happens to the prices of other petroleum products such as kerosene which sells for between N120 and N150 when its landing cost is N45.90k? Why does Nigeria still depend largely on smaller countries with functional refineries to run its economy when we are the world’s sixth-largest exporter of crude oil? Why does the country lose at least 400,000 barrel of crude oil to pirates on daily basis?” the party asked.
Also several Nigerians who responded to the online version of the fuel reduction published in the PM NEWS also said the reduction was politic

NEWS also said the reduction was political.
According to Abayomi, “it is too late for the Federal Government to fool Nigerians; just do your rubbish and leave the government. Bye bye PDP.”
Nomanis says this was long overdue, adding “no thanks,” while Emmanuel said “just N10, what a good campaign strategy after so much pleading. If you like sell for zero naira, please leave.”
According to Omo Oba, “thanks, but no thanks, this is 419. Jonathan is playing politics with us. We seriously need a change and Buhari is our man.”
Another Nigerian, Adeegbe Joseph described the reduction as rubbish, saying “absolute rubbish, it is too late for GEJ to reduce the price now, he did it because of election, there is nothing he can tell Nigerians… just N10 only. What is ten naira please, PDP repent before it is too late.”
Panky Jude said: “if they are serious, they should also reduce the price of diesel,” while Sunny Akhigbe said: “Please folks, late or early, politics or no politics, let us enjoy it until another government reduces it to N40. They should ensure strict compliance. Go and ask the Okada rider if this marginal reduction means anything to him.”
Basil reacted: “It is now they know that they will reduce the price of fuel. Let PDP go and sit down, we are not fools. If they want let them sell at zero naira, we are tired of them, we need change, we want Buhari the incorruptible man.”
“Are the people praising Jonathan not feeling fooled? What PMS pump price reduction has GEJ done when he is murmuring budget deficit? Even Jonathan himself said that he knows that the only reason why anyone wants him back is either because he/she is from his clan or he/she is taking advantage of his government. Why should that be you?” Tolex Paul asked.
A Nigerian who simply identified himself as The Truth said: “Poli-tricks on Nigerians as usual. Please, Mr shoeless President, it is high time you left the stage while the ovation is the loudest.”

Fellow Nigerians are you enjoying the change CHAIN?

Very old story. But cam we stop replying to whatever Buhari says and just simply tell him to "fix Nigeria".

Good a thing these hypocrites are in power, their lies are returning to haunt them.

BBC bring back our corruption

And where is that monkey, Festus Keyamo now

SirJeffry:
And where is that monkey, Festus Keyamo now

karma is a sarcarstic lunattic

None of them are at par wiv GEJ wen it comes to leadership and governance.

luvinhubby:
Good a thing these hypocrites are in power, their lies are returning to haunt them.

Many of u either dont read or simply refuse to apply your brain. What is hypocritic about this situation Buhari criticized jonathan against fuel subsidy, and now that he is in power he has removed the subsidy. So what is the hypocrisy there

even if fuel is sold 4 1000..we wil only hear dat dier is progres economically 4rm lie moh'md but me and u knw dier is no progres..let us beta enjoy d ten naira subsidy we al see..oo

blackpanda:


Many of u either dont read or simply refuse to apply your brain. What is hypocritic about this situation Buhari criticized jonathan against fuel subsidy, and now that he is in power he has removed the subsidy. So what is the hypocrisy there

Obviously your brain was set aside as you read Buhari's statement. You would have known that he was criticising Goodluck for removing ₦10 from pump price of fuel.

Simply means GEJ was using Nigerian money to cover the deficit apart from the monies used to pay subsidy to non existent importers

Karma is a sore biitch

luvinhubby:


Obviously your brain was set aside as you read Buhari's statement. You would have known that he was criticising Goodluck for removing ₦10 from pump price of fuel.

I guess all that money u claim to have wasted in "school" was for nothing. So many educated illiterates roaming the street these days. What is the difference between what you wrote and my comment I only pity the people who wasted their scarce resource to send u to school. Smh

blackpanda:


I guess all that money u claim to have wasted in "school" was for nothing. So many educated illiterates roaming the street these days. What is the difference between what you wrote and my comment I only pity the people who wasted their scarce resource to send u to school. Smh

olopolo dudu ni e

e

why is this story popping up now.. op u hibernate since or wetin??

BeClever:
Abuja - Few hours after the federal government announced a reduction in the pump rice of petrol from N97 to N87, the presidential candidate of the All Progressives Congress (APC) has criticized the reduction.

Buhari on his Facebook page, Muhammadu Buhari, noted that the reduction was done out of desperation for votes.

He stated that the decision to many look good but in actual fact was a bad one.

He noted that President Jonathan is seeking to buy votes for N10.

He maintained that deregulation is the solution, not increased subsidy payments.

Read his full text statement

Out of desperation, GEJ's government has increased subsidy payments and reduced fuel prices to N87 per liter. Many people think it is a good decision. But it is not.
You think you are paying less at the Petrol station, but you cannot experience much economic developments this way. Why? The monies that have been budgeted for Education, Security, Constructions and many more will be diverted to pay for subsidy as it was never planned.

Budget - $65 per barrel.
Crude - $48 per barrel.
We are losing $17 per barrel.

In recent weeks, India and Indonesia have removed fuel subsidies. Nigeria's government decides to take on more.

Deregulation is the solution, not increased subsidy payments.

GEJ is seeking to buy your votes for N10, but your future cannot be exchanged for N10. He knows this move is not sustainable and so, he will definitely increase it, even more than N97, if you vote him in.

He waited up until 27 days to the election to make this move.

http://www.news24.com.ng/Elections/News/Buhari-slams-Jonathan-over-fuel-price-reduction-20150119

i love this news..
The Moral is:Never criticise people or blame them..what is happening today Buhari is the President??..How much are we Buying fuel
if youths will agrre with me,Nigeria Needs Revolution.
By 2019 Atiku is warming up to come and do his worst.

odogwubiafra:
Very old story. But cam we stop replying to whatever Buhari says and just simply tell him to "fix Nigeria".

i love this news..
The Moral is:Never criticise people or blame them..what is happening today Buhari is the President??..How much are we Buying fuel
if youths will agrre with me,Nigeria Needs Revolution.
By 2019 Atiku is warming up to come and do his worst.

stev120:
even if fuel is sold 4 1000..we wil only hear dat dier is progres economically 4rm lie moh'md but me and u knw dier is no progres..let us beta enjoy d ten naira subsidy we al see..oo

i love this news..
The Moral is:Never criticise people or blame them..what is happening today Buhari is the President??..How much are we Buying fuel
if youths will agrre with me,Nigeria Needs Revolution.
By 2019 Atiku is warming up to come and do his worst.

i love this news..
The Moral is:Never criticise people or blame them..what is happening today Buhari is the President??..How much are we Buying fuel
if youths will agrre with me,Nigeria Needs Revolution.
By 2019 Atiku is warming up to come and do his worst.

blackpanda:


I guess all that money u claim to have wasted in "school" was for nothing. So many educated illiterates roaming the street these days. What is the difference between what you wrote and my comment I only pity the people who wasted their scarce resource to send u to school. Smh

If your brain is Akpu, it won't be edible..

Nigerians can be compared to the biblican Israelites that complained too much even when Moses was leading them. At least they have seen what CHANGE mean now. Bfore the advent of this govt, the people that depended on me financially were not up to 12, but now the figure has risen to about 30. My car that I normally fill the tank before with N9 000 now takes N16,000, same goes to my generator. The president should pls get his act together.

blackpanda:


Many of u either dont read or simply refuse to apply your brain. What is hypocritic about this situation Buhari criticized jonathan against fuel subsidy, and now that he is in power he has removed the subsidy. So what is the hypocrisy there

The OP ignorantly argued against his own arguement with the first news he sampled.

luvinhubby:


Obviously your brain was set aside as you read Buhari's statement. You would have known that he was criticising Goodluck for removing ₦10 from pump price of fuel.

No. He was criticizing GEJ for increasing subsidy per litre by N10 when there is less money. Read 'n comprehend. Honesty does not kill.

Iamwrath:
Simply means GEJ was using Nigerian money to cover the deficit apart from the monies used to pay subsidy to non existent importers

Extremely scarce money as at that time.

abnsugbe:



i love this news..
The Moral is:Never criticise people or blame them..what is happening today Buhari is the President??..How much are we Buying fuel
if youths will agrre with me,Nigeria Needs Revolution.
By 2019 Atiku is warming up to come and do his worst.

If u comprehend what u read u will understand that Buhari reversed what he criticized about the price reduction and the corresponding subsidy increment by GEJ. Read 'n comprehend.

...In all honesty,Nigerians of apc zombie extraction deserve all the hardships incompetent and super clueless buhari and his apc 40 thieves has and is heaping on them.

...You can imagine buhari and some idiotic Nigerians condemning Jonathan for reducing fuel pump pruce..Compare it with what we have now,and one cant help but weep for Nigerians..

...I only feel sorry for me and millions of sane compatriots who tried all we could to stop that menace called buhari from smelling Aso-rock.

..I know the energy i spent schooling some people that the choice between buhari and Jonathan in 2015 was like one between a menace(buhari) and a disappointment(Jonathan),therefore they should go with the lesser 'evil'..but they refused,now we are all suffering for their stuupidity and bad judgment collectively ine way or another

...A pity indeed.