thot vp is sensible na i kno na olodo.

hegelian:

mr man stop your rehtorics, is NNPC a ghost that doesnt defend its own budget if Nigeria have been working upside down, is that not why we voted in mr integrtiy to fix?why still comparing the failure of now with the before when we expect change?isnt that a statement of failure?
budget of a ministry is a block of budgets from all MDAs, agencies and parastatals that make up that ministry....so bros stop your fooling cos we aint kindergaten students....has the govt filed? yes absolutely!!! is there a room for improvement? yes definitely!!! what we shoud all be doing is to ask them to sit up and do the right thing not defending errors and stupidity all in the name of support

Dude I'm not here to argue with you about the failure or success of Buhari.
I'm only here to educate those that understand the difference between the Federal Government and NNPC.

AZeD1:

NNPC's MD is a political appointee. He would do anything to remain on that sit.
It's part of the reason presidents see the NNPC as their bank. All the need to do is appoint some loyal.

OK, I see it now. Well, I feel it still boils down to the fact that the government is paying the subsidy, they are just using the NNPC to do so.

dasrackhor:
NNPC and FG are they not the same.
Wetin person no go hear...

If FG and NNPC are the same then the CBN and NNPC are also the same (your logic) right?

When i said You people need re-colonization u all thought i was joking. The gov't is saying NNPC not FG.... Is NNPC not controlled by the same gov't?

booblacain:


OK, I see it now. Well, I feel it still boils down to the fact that the government is paying the subsidy, they are just using the NNPC to do so.

Something like that.

AZeD1:
Too many illiterates on this thread. All revenue generating agencies return a percentage to the federation account while they spend the remaining.

If the VP says NNPC is paying for it, then it's coming from their share of revenue generated.

Also the NNPC does crude oil swaps.


If you've worked in a big company, you'd know departments have budgets and they kind of spend it in different ways.

Keep quite idiot.

Stop complaining about sufferings when you're part of the process that brought them in. Next year they will begin to distribute bags of rice and small cash all in an effort to curry favour from you so that you can suffer for another four years and the cycle continues. You are all MAD! You never see anything, until we grab this country back and start killing those looters we can't get anywhere. Bunch of cowards,keyboard warriors,chest beaters,senseless people called Nigerians. This madness can never happen in the Arab world. They took away your sanity and gave you entertainment. Continue clubbing and keep saying it's none of your business,the time will come where even all the clubs will be shut down when the heat gets hotter. They allowed yahoo yahoo and prostitutions so that your minds would be fixed elsewhere. Wake up!!!

kkko:


Keep quite idiot.

Come and seize my phone and laptop na.

AZeD1:
Too many illiterates on this thread. All revenue generating agencies return a percentage to the federation account while they spend the remaining.

If the VP says NNPC is paying for it, then it's coming from their share of revenue generated.

Also the NNPC does crude oil swaps.


If you've worked in a big company, you'd know departments have budgets and they kind of spend it in different ways.

Mr I tooo know, now the money the NNPC is using in paying for the so called subsidy, is it not the money that should have been sent back to the government coffers right?

So who is still paying for the subsidy? Government? Bill gates ?

Please be reasonable and don't reason with sentiments

AZeD1:

Remit to the TSA and get it back in their budgets.

mr know it all is it until buhari pays for the subsidy from his salary before you will agree that fg paying for subsidy. Zombie

Pls o dont blame Mr. Pastor he is just doing his job

Adebowale89:
reading this from a whole prof? osibanjo you're a disgrace to all professors in Nigeria with this layman statement


keeping mute on this would have been better, quit disgracing yourself in the name of politics

SalamRushdie:
Damn this is the most confusing thing i have heard this year ..Who are these people. What kind of Pastor makes such a concerted effort to lie? Anything that goes near Buhari becomes a failure ,now Osinbanjo is a failed pastor . Chai

I am telling you, I was so confused.
They almost got me there. I almost believed.
Not only lie mohd is skilled in lying now, everyone in this administration is now a full-time liar!

This is serious oo

So you don't eat food, your mouth does

Everybody is trying to be politically correct.

See, if we don't refine the pms we use, no matter who you put as head of this country we will still find ourselves in this problem.

If they start paying subsidy, we will complain, oya buy at 181, we will cry. Please Nigerian, let us reason together.

We even prefer the govt to pay subsidies of 1tr when we don't even have money for capital projects.

We need suggestions and solutions. We need to put on our thinking cap, put your suggestion out on the social media, somebody somewhere can act on it to better our lives.

Leave the politicians, enough of this APC, PDP crap

9japrof:



Mr I tooo know, now the money the NNPC is using in paying for the so called subsidy, is it not the money that should have been sent back to the government coffers right?

So who is still paying for the subsidy? Government? Bill gates ?

Please be reasonable and don't reason with sentiments

No. By law revenue agencies are allowed to spend a portion of the revenue they generated.

Para mode

Gazzy88:
Stop complaining about sufferings when you're part of the process that brought them in. Next year they will begin to distribute bags of rice and small cash all in an effort to curry favour from you so that you can suffer for another four years and the cycle continues. You are all MAD! You never see anything, until we grab this country back and start killing those looters we can't get anywhere. Bunch of cowards,keyboard warriors,chest beaters,senseless people called Nigerians. This madness can never happen in the Arab world. They took away your sanity and gave you entertainment. Continue clubbing and keep saying it's none of your business,the time will come where even all the clubs will be shut down when the heat gets hotter. They allowed yahoo yahoo and prostitutions so that your minds would be fixed elsewhere. Wake up!!!

FG is NNPC, NNPC is FG

agwom:
Nothings human beings will not heard or seen from buhari/osibanjo government...

I thought Oshinbajo is learned, he now speaks like an illiterate

AZeD1:

No. By law revenue agencies are allowed to spend a portion of the revenue they generated.

Now do the maths, the record says it's up to 40 naira subsidy paid for every litre consumed in Nigeria, please do the maths for the litres consumed in Nigeria daily. Then whatever figure you generate, then check if it is within the amount " by law revenue agencies are allowed to spend of the revenue they generated"

AZeD1:

If FG and NNPC are the same then the CBN and NNPC are also the same (your logic) right?

Have ever heard of parastatals.

CBN, NNPC, INEC might be independent, but they are still government agencies and not private entities.

All their revenues goes to the Feds through the TSA, they get yearly allocation from the government.

So if NNPC is paying subsidy it means the FG is paying subsidy.

Some body just want attention

Common, osibanjo no be dummy na, he can't say that.
Nigeria n headlines eh.

OBAGADAFFI:


Have ever heard of parastatals.

CBN, NNPC, INEC might be independent, but they are still government agencies and not private entities.

All their revenues goes to the Feds through the TSA, they get yearly allocation from the government.

So if NNPC is paying subsidy it means the FG is paying subsidy.

Revenue generating agencies don't get an allocation, they generate their own money. If you don't understand this, then you can't understand what the VP is saying.

Have you ever seen the budget for NNPC or CBN?

AZeD1:

Dude I'm not here to argue with you about the failure or success of Buhari.
I'm only here to educate those that understand the difference between the Federal Government and NNPC.

if fg is not the owner of NNPC then who owns it?? please simple and direct answer? abi its owned by ghost?if fg is not the owner of NNPC why is it the responsibility of the president to appoint the GMD and why is the GMD reporting to the FG head(i.e the president)..why is the minister of petroleum the board chair on the NNPC??anwers we need bro...dont dull

agwom:
Nothings human beings will not heard or seen from buhari/osibanjo government...

sometimes, the brain goes blind. Your brain has gone blind. Your medication can only be in heaven.

9japrof:


Now do the maths, the record says it's up to 40 naira subsidy paid for every litre consumed in Nigeria, please do the maths for the litres consumed in Nigeria daily. Then whatever figure you generate, then check if it is within the amount " by law revenue agencies are allowed to spend of the revenue they generated"

You are assuming NNPC is paying cash. You do realise they could be paying via crude oil right?

For the last one month, NNPC has been the sole importer of PMS . The NNPC does crude oil swaps.

The VP is a lawyer, he knows not to say anything that can't be defended in the law courts.

OBAGADAFFI:


Have ever heard of parastatals.

CBN, NNPC, INEC might be independent, but they are still government agencies and not private entities.

All their revenues goes to the Feds through the TSA, they get yearly allocation from the government.

So if NNPC is paying subsidy it means the FG is paying subsidy.

somebody just sound stupid in anattempt to sound clever...if NNPC business doesnt concerns FG and subsidy is paid by NNPC not FG, when then did we crucified GEJ for paying so much in subsidy and not the NNPC since NNPC is independent of the FG

I am not surprised nnpc is bearing subsidy costs.

When I tell people that once govt/nnpc sets prices that means subsidy,people think I am lying.

If there was no subsidy, marketers would have been selling at suitable prices, and DPR won't have been bothering them at all.

Thing is , we have to deregulate. But govt does not want to lose 2019...so they pretend .....

[quote author=ivandragon post=63616319]because the Nigeria National Petroleum Corporation (NNPC) is owned by Bill Gates right?


clowns in power..

This one tire me. NNPC now belongs to a private enterprise not Government

Which subsidy, ���APC said subsidy is a scam that the money will be used to build industry. Why paying for subsidy again

By 2019 eneryone will be demystified. It is only when exams come we know whether those who raise their hands in class and talk more than they listen actually hold substance. Na tough times dey prove hot air aka propaganda.

AZeD1:
Too many illiterates on this thread. All revenue generating agencies return a percentage to the federation account while they spend the remaining.

If the VP says NNPC is paying for it, then it's coming from their share of revenue generated.

Also the NNPC does crude oil swaps.


If you've worked in a big company, you'd know departments have budgets and they kind of spend it in different ways.

Shut up!!

AZeD1:

Price of crude oil has gone up so naturally the price of it's derivatives would also go up.

When the price of crude oil went down, the price of fuel went up too

AZeD1:
Too many illiterates on this thread. All revenue generating agencies return a percentage to the federation account while they spend the remaining.

If the VP says NNPC is paying for it, then it's coming from their share of revenue generated.

Also the NNPC does crude oil swaps.


If you've worked in a big company, you'd know departments have budgets and they kind of spend it in different ways.

Good point.

Intact it was very easy to see that there was a subsidy from the fact that nnpc was still setting prices.

The elephant in the room is that govt, and Nigerians are scared of deregulation, which is the only way out.

I don't care particularly if APC wins or loses in 2019, but whatever the case, we cannot import PMS at 171 and sell at 145, at Nnpc or govt expense forever