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Nairaland Forum / Nairaland / General / Politics / Fuel Scarcity: FG's Subsidy On Fuel Hits N29.68bn In 14 Days (13289 Views)
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Fuel Scarcity: FG's Subsidy On Fuel Hits N29.68bn In 14 Days by BeeBeeOoh(m): 9:23am On Dec 26, 2017 |
The fuel crisis rocking the country has helped to push subsidy being paid by the Federal Government on the Premium Motor Spirit (PMS) also known as petrol to an all-time high of N2.1164 billion daily, checks by New Telegraph have revealed. A document of the Nigerian National Petroleum Corporation (NNPC) submitted to President Muhammadu Buhari, a copy of which was sighted by this newspaper yesterday, hinted further that this new subsidy mark has been incurred “in the last 14 days,” amounting to N29.68 billion subsidy. https://newtelegraphonline.com/2017/12/fgs-subsidy-petrol-hits-n29-68bn-14-days/ |
Re: Fuel Scarcity: FG's Subsidy On Fuel Hits N29.68bn In 14 Days by Ifeanyi4491(m): 9:26am On Dec 26, 2017 |
Scarcity |
Re: Fuel Scarcity: FG's Subsidy On Fuel Hits N29.68bn In 14 Days by phayvoursky(m): 9:28am On Dec 26, 2017 |
A GOOD LEADER FEELS THE PAIN OF HIS PEOPLE AND ACTS ACCORDINGLY THE OPPOSITE DOESNT FEEL THE PAIN OF THE PEOPLE HE TAKES SELFIES IN PETROL STATIONS WITH LONG QUEUES AND WISHES US A MERRY CHRISTMAS. 54 Likes 1 Share |
Re: Fuel Scarcity: FG's Subsidy On Fuel Hits N29.68bn In 14 Days by princechurchill(m): 10:02am On Dec 26, 2017 |
The slayer of daura chief of all mugu 8 Likes |
Re: Fuel Scarcity: FG's Subsidy On Fuel Hits N29.68bn In 14 Days by Nobody: 1:43pm On Dec 26, 2017 |
Pls we didn't vote in that mor0n and his party for them to influence gbagbati news outlets to give us all these tripe. We know how this works, they used it very well to win elections, they used it to hike the cost of fuel from 87 to 143 now they at it already, preparing for another hike. Its just unfortunate that Nigerians are the most gullible zombies I have come across. Despite being impoverished by slave masters, we would still shine teeth and take selfies with same slave master who comes to check you out on a queue under the scorching sun. Some countries would have pelted such leaders with rotten eggs and rotten tomatoes. No time for rada rada Whoever did this to us? 30 Likes 2 Shares
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Re: Fuel Scarcity: FG's Subsidy On Fuel Hits N29.68bn In 14 Days by funnynation(m): 1:44pm On Dec 26, 2017 |
2019 still dey far ooo. God wetin Nigerians and IMO people do nah? God can't you do it for us again? God abeg so something before something do us 2 Likes |
Re: Fuel Scarcity: FG's Subsidy On Fuel Hits N29.68bn In 14 Days by MillionDollars: 1:44pm On Dec 26, 2017 |
Am i the only one who does not understand this fuel subsidy of a thing 3 Likes |
Re: Fuel Scarcity: FG's Subsidy On Fuel Hits N29.68bn In 14 Days by elisha820(m): 1:44pm On Dec 26, 2017 |
Re: Fuel Scarcity: FG's Subsidy On Fuel Hits N29.68bn In 14 Days by omogin(f): 1:44pm On Dec 26, 2017 |
God will definitely punish buhari and all other apc liars. They have ruined Nigeria 15 Likes 3 Shares |
Re: Fuel Scarcity: FG's Subsidy On Fuel Hits N29.68bn In 14 Days by WebSurfer(m): 1:44pm On Dec 26, 2017 |
omogin:Stop putting your life frustrations on Buhari, he’s not the reason for it MillionDollars: DrToche: Its the amount of money government pays to keep a price less and more affordable for its citizens... example, fuel is suppose to be at 185.7 as speculated above but you buy at 145 per little Meaning goverment pays 40 naira already as subsidy Meanwhile, can’t wait till Dangote Refinery kicks up as speculated , then I can imagine what the problem of Nigeria is if these issues persist 2 Likes 2 Shares |
Re: Fuel Scarcity: FG's Subsidy On Fuel Hits N29.68bn In 14 Days by neoclassical: 1:44pm On Dec 26, 2017 |
I thought BUHARI said he doesn't know what is subsidy - that subsidy is a scam. Why is he involved in the scam again? It is easier to criticize from outside. Nigeria is facing the worst macroeconomic problems in its history. It is so worrisome that ethnic and religious bigotry have beclouded the sense of reasoning of most Nigerians. Tell me why a reasonable person will still support this man who is an epitome of failure. Buhari has not achieved anything pertaining to economic progress since his assumption of office. there is high level of unemployment, high level inflationary pressure, dilapidated infrastructure, unfavourable balance of payment, price instability, high level of poverty, insecurity of lives and property, endemic corruption and other threatening macroeconomic woes. All these economic ills have been experienced in Nigeria, only during Buhari's military junta and his civillian government. Again, Nigeria has experienced austerity measures twice in its history and those two periods were Buhari's regimes. It is quite unfortunate that some wicked individuals are still supporting this man just because they derive pleasure in seeing others suffer. 31 Likes 4 Shares |
Re: Fuel Scarcity: FG's Subsidy On Fuel Hits N29.68bn In 14 Days by Airforce31: 1:44pm On Dec 26, 2017 |
If they are paying for subsidy then why is the price of fuel 145 naira why not subsidise everything carry these figures back to Daura please we are not interested 15 Likes |
Re: Fuel Scarcity: FG's Subsidy On Fuel Hits N29.68bn In 14 Days by miketayo(m): 1:45pm On Dec 26, 2017 |
no such thing as subsidy on fuel 4 Likes |
Re: Fuel Scarcity: FG's Subsidy On Fuel Hits N29.68bn In 14 Days by J0hnTrevolt(m): 1:46pm On Dec 26, 2017 |
Beloved GEJ comes to mind. Afonjas we go hear am with gnashing of teeth. Our breads shall be bitter 16 Likes |
Re: Fuel Scarcity: FG's Subsidy On Fuel Hits N29.68bn In 14 Days by favourmic(m): 1:46pm On Dec 26, 2017 |
omogin:
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Re: Fuel Scarcity: FG's Subsidy On Fuel Hits N29.68bn In 14 Days by Berlyn1(f): 1:46pm On Dec 26, 2017 |
Whatever |
Re: Fuel Scarcity: FG's Subsidy On Fuel Hits N29.68bn In 14 Days by obicentlis: 1:46pm On Dec 26, 2017 |
Buhari is seriously at the cross road now on what to do. If he finally deregulates the downstream sector, all of hailers will migrate to wailers. If he continues with this secret subsidies, he will eat his vomit and a lot of people will come for him. If he increases the pump price, that's the end of his govt because a lot of hailers will migrate to wailers. In short, I pity Buhari. He caused his problems by over promises and over hyping by his followers, which I was. 23 Likes |
Re: Fuel Scarcity: FG's Subsidy On Fuel Hits N29.68bn In 14 Days by sanpipita(m): 1:46pm On Dec 26, 2017 |
Zombies should come and defend this thought they said we no longer pay subsidies, govt of lies 6 Likes |
Re: Fuel Scarcity: FG's Subsidy On Fuel Hits N29.68bn In 14 Days by fitzmayowa: 1:46pm On Dec 26, 2017 |
I thought they said there was nothing like subsidy APC is paying subsidy on petrol and we are still battling with scarcity Is this not the definition of incompetence This matter just weak me... 15 Likes 1 Share |
Re: Fuel Scarcity: FG's Subsidy On Fuel Hits N29.68bn In 14 Days by Nobody: 1:47pm On Dec 26, 2017 |
Why is it only in Christmas not sallah that there will be scarcity. Always magically fuel go scarce. In the other news buying and storing fuel against Xmas is sure bet and better than MMM 8 Likes |
Re: Fuel Scarcity: FG's Subsidy On Fuel Hits N29.68bn In 14 Days by grandstar(m): 1:47pm On Dec 26, 2017 |
This one has yawa. This one is kasala. Why is Buhari so allergic to good advuse He was advised to deregulate the price and completely wash the federal governments hand from Fixing the price and subsidising it when oil prices collapses to about $30. The man no hear. Anyone with some intelligence would not be surprised at the mess on ground now. Jonathan tried to free the price but was frustrated by the masses who wanted cheap petrol that was costing the FG at least 1trillion to subsidise year. At least he tried to do the right thing. Buhari, has refused to heed to professional and sound advise thinking his honesty can make 1+1=7 or worse keep the price of petrol at 146 without the need to budget massive funds for needless subsidies. 5 Likes |
Re: Fuel Scarcity: FG's Subsidy On Fuel Hits N29.68bn In 14 Days by DrToche: 1:48pm On Dec 26, 2017 |
I still don't under this subsidy of a thing Meanwhile start raising men or become 1 4 Likes
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Re: Fuel Scarcity: FG's Subsidy On Fuel Hits N29.68bn In 14 Days by madridguy(m): 1:48pm On Dec 26, 2017 |
Nonsense |
Re: Fuel Scarcity: FG's Subsidy On Fuel Hits N29.68bn In 14 Days by kolafolabi(m): 1:48pm On Dec 26, 2017 |
Madness is when you go and queue for fuel, buy it at N300 per litre, drive on bad road, get home to pour some in your gen so you can charge your phone just to make a thread on how we should give Buhari more time. 24 Likes 3 Shares |
Re: Fuel Scarcity: FG's Subsidy On Fuel Hits N29.68bn In 14 Days by fitzmayowa: 1:50pm On Dec 26, 2017 |
Madness is when you go and queue for fuel, buy it at N300 per litre, drive on bad road, get home to pour some in your gen so you can charge your phone just to make a thread on how we should give Buhari more time. Epic... 3 Likes |
Re: Fuel Scarcity: FG's Subsidy On Fuel Hits N29.68bn In 14 Days by TheKingIsHere: 1:50pm On Dec 26, 2017 |
I thought Buhari said he doesn't know anything called subsidy? So why are we still paying for subsidy? Also, I thought the useless A PC government said subsidy has been removed? So which one come be this again? Buhari is a total failure 5 Likes
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Re: Fuel Scarcity: FG's Subsidy On Fuel Hits N29.68bn In 14 Days by chloride6: 1:50pm On Dec 26, 2017 |
madridguy: Dude, am I seeing double? 2 Likes |
Re: Fuel Scarcity: FG's Subsidy On Fuel Hits N29.68bn In 14 Days by Nobody: 1:51pm On Dec 26, 2017 |
princechurchill: You know. . . Buhari na Senior Mugu! When oil price crashed and naira fell against the dollar, marketers told us we had to pay more. Now oil price has appreciated, likewise the dollar-naira rate, yet these Satanic marketers are still asking for more money. The whole subsidy thing is a scam. It starts to look like Obasanjo was the only president who understood the economic dynamic of our petroleum sector. . . 6 Likes |
Re: Fuel Scarcity: FG's Subsidy On Fuel Hits N29.68bn In 14 Days by easyfem(m): 1:51pm On Dec 26, 2017 |
I'm getting confused .... Too many news and diff talked on a particular issue .... |
Re: Fuel Scarcity: FG's Subsidy On Fuel Hits N29.68bn In 14 Days by EagleScribes: 1:51pm On Dec 26, 2017 |
And the deceit continues...... I can't wait for 2019 to come as quickly as possible 1 Like |
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