Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,193,910 members, 7,952,667 topics. Date: Wednesday, 18 September 2024 at 08:38 PM |
Nairaland Forum / Nairaland / General / Politics / Until Fuel Subsidy Is Removed, Fuel Crisis Remains Imminent – Kachikwu (11759 Views)
Deregulation: Brace For N750/litre Petrol When Subsidy Is Removed, Stakeholders / 2023: We’re Moving Out Of PDP If Crisis Remains Unresolved - Jerry Gana / Throwback:why Buhari Removed Fuel Subsidy – Osinbajo (2) (3) (4)
(1) (2) (3) (4) (5) (Reply) (Go Down)
Re: Until Fuel Subsidy Is Removed, Fuel Crisis Remains Imminent – Kachikwu by akinbode1(m): 8:21am On Dec 14, 2018 |
I know one thing for sure that Nigerians will survive and be deliver from the hand of hypocrisy liars Government. ....Arrant nonsense. |
Re: Until Fuel Subsidy Is Removed, Fuel Crisis Remains Imminent – Kachikwu by precious1967(m): 8:30am On Dec 14, 2018 |
which subsidy this government wants to remove again after selling fuel for N145.00 per litre? shameless government. |
Re: Until Fuel Subsidy Is Removed, Fuel Crisis Remains Imminent – Kachikwu by Niceman4u(m): 8:33am On Dec 14, 2018 |
BabaOwen: bro noting will happen if this govt increases the pump price to #50. u know wat citizens ve made themselves fools already. How can the citizens revolt against their oppressors when the country is so deeply divided along religious and tribal affiliations? How can the citizens stand against their oppressors (Leaders) wen they (Citizens) prefer to eat the crumbs that fall from the elites table? There will never ever b a revolution against bad leadership in this country. |
Re: Until Fuel Subsidy Is Removed, Fuel Crisis Remains Imminent – Kachikwu by mfm04622: 8:41am On Dec 14, 2018 |
R psucc: At the time the 145 was set,there was no subsidy. If your remember, the plan then was for regular review of the cost o PMS when there is change in crude price! This was never done. So presently, govt have to subsidise PMS. |
Re: Until Fuel Subsidy Is Removed, Fuel Crisis Remains Imminent – Kachikwu by abibun: 8:48am On Dec 14, 2018 |
Finally APC found the meaning of subsidy, that they didn't know during PDP |
Re: Until Fuel Subsidy Is Removed, Fuel Crisis Remains Imminent – Kachikwu by justphillips(m): 8:49am On Dec 14, 2018 |
profem1: And your point is See why this country will never get better, never! We have idiots and fools amongst us, that is if this mumu isn’t from Sudan sef 4 Likes 1 Share
|
Re: Until Fuel Subsidy Is Removed, Fuel Crisis Remains Imminent – Kachikwu by innovestor(m): 8:50am On Dec 14, 2018 |
BabaOwen: Na only for internet (Nairaland) Nigeri go burn. Will you come out to the streets when time don reach. When you see black soldiers with black uniforms and padlock for mouth you will just form malaria fever inside house dey rake for internet. |
Re: Until Fuel Subsidy Is Removed, Fuel Crisis Remains Imminent – Kachikwu by Nobody: 8:56am On Dec 14, 2018 |
innovestor:Bro I swear to God, if I see support am ready o... Things can't keep on going this way. |
Re: Until Fuel Subsidy Is Removed, Fuel Crisis Remains Imminent – Kachikwu by booblacain(m): 9:02am On Dec 14, 2018 |
joyfullyjoyous: You get it, I guess you are just refusing to accept the truth that you are being lied to. 2 Likes |
Re: Until Fuel Subsidy Is Removed, Fuel Crisis Remains Imminent – Kachikwu by oziamaka: 9:10am On Dec 14, 2018 |
wait a minute, why are we buying fuel for 145 per liter? gej removed the subsidy and increased the rice to 145 and the whole Nigerians occupied the Streets. what tha hell are these people trying to stuff us with? |
Re: Until Fuel Subsidy Is Removed, Fuel Crisis Remains Imminent – Kachikwu by urahara(m): 9:11am On Dec 14, 2018 |
lamideee: Ask yourself , if you were a petrol marketer , what would you do ? Would you sell petrol at a by far lower price than you bought it ? 1 Like |
Re: Until Fuel Subsidy Is Removed, Fuel Crisis Remains Imminent – Kachikwu by Nobody: 9:13am On Dec 14, 2018 |
thief didnt you say fuel subsidy was removed. |
Re: Until Fuel Subsidy Is Removed, Fuel Crisis Remains Imminent – Kachikwu by Nobody: 9:15am On Dec 14, 2018 |
Niceman4u: yes there will never be, we prefer to bury our heads in the sand and choke on the lies fed to us by our so called leaders. |
Re: Until Fuel Subsidy Is Removed, Fuel Crisis Remains Imminent – Kachikwu by abvictory: 9:20am On Dec 14, 2018 |
So, even when you hiked the price to 145/litre, you still have the guts to tell us that subsidy has not been removed? OLOSHI Government. |
Re: Until Fuel Subsidy Is Removed, Fuel Crisis Remains Imminent – Kachikwu by lexy2014: 9:41am On Dec 14, 2018 |
urahara:Is it d marketers that supply us fuel that supplies other countries? |
Re: Until Fuel Subsidy Is Removed, Fuel Crisis Remains Imminent – Kachikwu by lexy2014: 9:45am On Dec 14, 2018 |
urahara:So address y we are importing in d first place |
Re: Until Fuel Subsidy Is Removed, Fuel Crisis Remains Imminent – Kachikwu by urahara(m): 9:48am On Dec 14, 2018 |
lexy2014: I honestly don't know |
Re: Until Fuel Subsidy Is Removed, Fuel Crisis Remains Imminent – Kachikwu by lexy2014: 9:48am On Dec 14, 2018 |
profem1: We thought buhari said oil subsidy is a fraud and that it doesn't exist? Which one is all this grammar u are writing? 1 Like |
Re: Until Fuel Subsidy Is Removed, Fuel Crisis Remains Imminent – Kachikwu by theoldpretender(m): 9:58am On Dec 14, 2018 |
justphillips: Basically we import most of the fuel we use. We only have four new refineries, and we need to build at least 4 more to keep all refining at home. The last new refinery we had was opened in 1988...30 years ago. Since then population has increased, cars and generator has increased. In 2015 , when government increased the cost of fuel, the landing cost was N132. We were selling fuel at N87 per liter. The marketers were losing at least N50 per liter of fuel...so govt 'increased fuel prices'..ie partial removal of subsidy. Now that landing cost is N195. Fuel is sol;d at N145. NNPC is doing corrupt Baru economics to 'subsidize fuel' A complete and total removal of subsidy would end all those abuses...and yes, fuel will go up to N200 and above. BUT....investment would flow in, we would probably have more new refineries, and the scams would end.And crucially...prices will fall. 2 Likes |
Re: Until Fuel Subsidy Is Removed, Fuel Crisis Remains Imminent – Kachikwu by theoldpretender(m): 10:02am On Dec 14, 2018 |
lexy2014: We have four new refineries...and the last one was built in 1988...30 years ago. Since then, our needs have increased.And the refienries no has not increased. This is due to several reasons 1.NNPC is a govt run business...and most NNPC workers treat it as such. 2.Due to subsidy...NNPC does not make enough cash to build new refineries. Now...to improve the no of reifieries...we have to stop government from setting the price of fuel..ie removing sbubsidy. Yes...Dangote refinery...BUT...Dangote probably spends more than N150 to make one liter of fuel. I doubt he is going to sell fuel at N145 per liter. 1 Like |
Re: Until Fuel Subsidy Is Removed, Fuel Crisis Remains Imminent – Kachikwu by NickD(m): 10:06am On Dec 14, 2018 |
CityNGR:So y was fuel price increased to 145 after they said they've removed subsidy. Thieves. |
Re: Until Fuel Subsidy Is Removed, Fuel Crisis Remains Imminent – Kachikwu by urahara(m): 10:12am On Dec 14, 2018 |
lexy2014: Refineries which are defunct and which the government can never revitalize and which private investors can never invest in because the oil subsidy sham will require them to operate at a huge loss 3 Likes 1 Share |
Re: Until Fuel Subsidy Is Removed, Fuel Crisis Remains Imminent – Kachikwu by theoldpretender(m): 10:14am On Dec 14, 2018 |
hucienda: Basically, no one wants to remove fuel subsidy. Remember, GEJ was opposed by a large section of the Nigerian people...not the opposition, who just fell in behind...simply because most Nigerians could not see the benefit of fuel subsidy removal. All they saw was 65 to 140. What governments have been doing since the 1980's is 'partial removal' (Hint...it is not full removal UNTIL government stops setting a price). That is what GEJ did in 2012 and what Buhari did in 2015...and all they wait for is for the landing cost to be higher than the fixed price (In 2015...when Bubu increased prices..landing cost was N132. Price was N87 officially). A full removal means prices as high as N250 or more right now (Under GEJ...prices would have amped up to N170 or more if he had stopped finxing prices). That means revolt. And that means many politicans would be out of a job (which is why the opposition backed the protests of 2012.Opportunity knocks but once....). That is the sad reality of Nigeria...Nigerians sometimes force their governments to take bad economic decisions in the name of poverty. And as a result...we are still paying subsidy claims dating back over years....NNPC has become 'scam central'...and there is no new investment in our petroleum products sector. Time for subsidy to go. 4 Likes |
Re: Until Fuel Subsidy Is Removed, Fuel Crisis Remains Imminent – Kachikwu by theoldpretender(m): 10:15am On Dec 14, 2018 |
urahara: Exactly! Even now...I doubt Dangote is going to be operating his refinery under 'subsidy conditions' He would be forced to cut jobs to save money. 1 Like |
Re: Until Fuel Subsidy Is Removed, Fuel Crisis Remains Imminent – Kachikwu by theoldpretender(m): 10:21am On Dec 14, 2018 |
abvictory: The problem is...you misunderstand what subsidy removal entails...which is why you 'beleived the lie' of subsidy removal. Subsidy removal works when 1.Government STOPS setting prices 2.Government allows marketers to set their OWN prices. 3.In theory...that means that if Bubu removes subsidy...NNPC sells fuel at N200, Total sells fuel at N230, Oando at N240, Conoil at 235, Forte at N245. 4.Again in theory...Nigerians buy fuel from the guy with the LOWEST prices..(NNPC has long queues, others have very few cars). Competition sets in, prices go down. 5.We saw this in the GSM industry. Prices initially high (my dad's MTN sim cost him N10000. Needless to say, he has not changed that line at all!).then fell due to competition, fresh investment, new faces, better technology brought in. 4 Likes 1 Share |
Re: Until Fuel Subsidy Is Removed, Fuel Crisis Remains Imminent – Kachikwu by emmykey0128(m): 10:28am On Dec 14, 2018 |
This people always think we are fools or zombies,they organized protest in Gani fawehinmi park when GEJ said he want to remove subsidy, buhari said there is nothing like subsidy and its a scam,when he came in,he said he will remove subsidy thereby we started buying fuel at 145 because they claimed subsidy has been removed ,there are indications that fg still pays subsidy but they keep denying it because they don't want us to know that we have been scammed by fuel increment, now they have come out to say subsidy needs to be removed again, so they have been paying subsidy stylishly underground all this while?they why the increment when we still pays subsidy? The amount of corruption going underground under this man is more than GEJ, I am so sorry GEJ for campaigning against you |
Re: Until Fuel Subsidy Is Removed, Fuel Crisis Remains Imminent – Kachikwu by urahara(m): 10:35am On Dec 14, 2018 |
theoldpretender: I swear down . The summary of the whole matter is that Nigerians can't keep on buying the cheap petrol they love so much 1 Like |
Re: Until Fuel Subsidy Is Removed, Fuel Crisis Remains Imminent – Kachikwu by urahara(m): 10:37am On Dec 14, 2018 |
theoldpretender: But if I may ask , why is it that this service providers can't seem to provide internet and calling services on par with that of countries abroad ? |
Re: Until Fuel Subsidy Is Removed, Fuel Crisis Remains Imminent – Kachikwu by theoldpretender(m): 10:41am On Dec 14, 2018 |
urahara: Largely because in Nigeria we had to build the infrastructure to support the GSM network, while in other countries, the infrastructure was already on ground 2 Likes |
Arsonists Set Ablaze INEC Office in Enugu / Ike Ekweremadu Celebrates His 60th Birthday Today / Dangote, Elumelu Jostle For 10 NIPP Power Plants
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 55 |