this apshit are the most notorious scammer to grace this country political sphere.. it's a wrong thing to have this people as our leaders... shame on tinubu and all activists that went all. out to protest then in 2012 all because he was making a big sacrifice to Nigerians

theenchanter:
which people? did u missed ur way?

The only thing this administration did was that they revoked fuel importer license and asked nnpc alone to import fuel cos most fuel importers hiked their imports which doesn't correspond with what we consume according to nbs. The likes of otedola of forte oil were once importers.

And it made sense.... I dont know if u're aware of d subsidy scam some years ago sha.

Really? So educate me on why the marketers are bent on increasing the pump price and all the noise about landing cost. Meanwhile, what necessitated the move from 87 to 145?

NNPC is the biggest SCAM in Nigeria!

ogubolokento:
Thy are not deceiving Nigerians but their selves,87 to 145 who knows the new pump price of fuel?Nigerians must get set for tougher times under this govt

This is wickedness!

Despite the doubling of fuel price, no new refinery has been constructed.. I can't believe this is Nigeria

tactius:


The Minister of Finance, Mrs Zainab Ahmed says the Federal Government will look into gradual removal of fuel subsidy as part of strategy to boost revenue.

Ahmed said this on Thursday on the sideline of the IMF/World Bank meetings currently taking place in Washington DC, United States of America.

Ahmed made the disclosure while reacting to the IMF’s advice to Nigeria and other countries who still subsidise fossil fuel to stop doing so.


According to the IMF, fuel subsidy removal would help boost revenue and improve government’s spending to build more hospitals, roads, schools, and to support education and health for the people.

“It’s good advice, but we have to implement it in a way that will be successful as well as sustainable.


“We are not in the position to wake up one night and just remove subsidy. We have to educate the people, we have to show the Nigerian citizens what the replacement for this subsidy will be.

“So, we have a lot of work to do because subsidy removal has to be gradual and the public has to be well informed,” she said.


Ahmed said that since the IMF/World Bank meetings started, she has had high-level meetings on taxation and discussions on global economy.

“We spoke on the need to build more fiscal buffers because of the slow down in global economic growth and partly by the natural incidences that are happening around the world like the cyclone in Southern Africa.

“We are discussing between ourselves on how we can better manage our finances and also how we must curtail the increases in our debt.

“For Nigeria, we are asking the World Bank to review some of the initiatives that involves them looking at implementation systems when they are providing funding for infrastructure.

“We understand that it’s well intended but we have informed them that they need to review its implementation, so that we are not overly slowed down because of the new procedures,” she said.



https://www.pulse.ng/news/local/fg-to-look-into-gradual-removal-of-fuel-subsidy-minister/x80rtz0


All I can say is that if her party had supported this in 2012...the benefits would have been there. Low oil prices have forced their hand.

This same people that called Ngozi Okonjo IMF agent for trying to remove subsidy, Chai!

emmanuelpopson:
this apshit are the most notorious scammer to grace this country political sphere.. it's a wrong thing to have this people as our leaders... shame on tinubu and all activists that went all. out to protest then in 2012 all because he was making a big sacrifice to Nigerians

The traitors and deceivers of the Nigerian people are all scattered everywhere in this government. I know a further increase in fuel price won't affect those who voted for APC, it would only affect PDP members

bilulu:

Not all Nigerians have short term memory, it was clearly spelled out that subsidy has been removed reason it was nolonger budgeted for. It was celebrated by all of u till when Dino burst the bubble again.... if actually the importers hiked their prices and it was still sold at #87 how come now dat it's only NNPC dats not hiking price we are buying at x2. don't forget how much we were paying for subsidy when Buhari and Co were shouting back then and how much we re paying now?

There was no subsidy/under recovery when oil price was $40/b. Subsidy returns when oil prices began to rise above $50, crude prices are directly proportional to the landing costs of refined petroleum products

in 2012 fuel subsidy was removed and a litre sold for about 141 to 150 naira. The idiots in power today protested and the subsidy removal was reversed. Today fuel is sold for 145 naira and the clowns are still talking about subsidy.

The price won't be deregulated under Buhari. He's too timid to implement such an unpopular policy.

Outright removal is the reason why we are buying fuel for 145. My god!!

tactius:


The Minister of Finance, Mrs Zainab Ahmed says the Federal Government will look into gradual removal of fuel subsidy as part of strategy to boost revenue.

Ahmed said this on Thursday on the sideline of the IMF/World Bank meetings currently taking place in Washington DC, United States of America.

Ahmed made the disclosure while reacting to the IMF’s advice to Nigeria and other countries who still subsidise fossil fuel to stop doing so.


According to the IMF, fuel subsidy removal would help boost revenue and improve government’s spending to build more hospitals, roads, schools, and to support education and health for the people.

“It’s good advice, but we have to implement it in a way that will be successful as well as sustainable.


“We are not in the position to wake up one night and just remove subsidy. We have to educate the people, we have to show the Nigerian citizens what the replacement for this subsidy will be.

“So, we have a lot of work to do because subsidy removal has to be gradual and the public has to be well informed,” she said.


Ahmed said that since the IMF/World Bank meetings started, she has had high-level meetings on taxation and discussions on global economy.

“We spoke on the need to build more fiscal buffers because of the slow down in global economic growth and partly by the natural incidences that are happening around the world like the cyclone in Southern Africa.

“We are discussing between ourselves on how we can better manage our finances and also how we must curtail the increases in our debt.

“For Nigeria, we are asking the World Bank to review some of the initiatives that involves them looking at implementation systems when they are providing funding for infrastructure.

“We understand that it’s well intended but we have informed them that they need to review its implementation, so that we are not overly slowed down because of the new procedures,” she said.



https://www.pulse.ng/news/local/fg-to-look-into-gradual-removal-of-fuel-subsidy-minister/x80rtz0


All I can say is that if her party had supported this in 2012...the benefits would have been there. Low oil prices have forced their hand.

There is no subsidy. We only have thieves unwilling to stop stealing in the guise of subsidy.

lonelydora:
FG/APC should remove this subsidy once and for all.

Even if it's 500 per litre, we will buy until competition starts.

Have you all forgotten how we bought SIM card for 25k? Now as you walk along the road, they are begging you to take it for free.

Buhari should remove the damn subsidy

What is the difference between what you are saying and what the former president Goodluck Jonathan did which led to the mother of all strike by Tinubu and co

Una never remove am?

ourema:


What is the difference between what you are saying and what the former president Goodluck Jonathan did which led to the mother of all strike by Tinubu and co

I supported Goodluck then, but the short-sighted Nigerians refused to see what we saw

We all buy the Same amount you can't go to filling station with your APC membership card so that your price will be lesser we pay the same amount we soffa it together, now I realize to even name your dog buhari is a very big mistake of your life,

bilulu:

Not all Nigerians have short term memory, it was clearly spelled out that subsidy has been removed reason it was nolonger budgeted for. It was celebrated by all of u till when Dino burst the bubble again.... if actually the importers hiked their prices and it was still sold at #87 how come now dat it's only NNPC dats not hiking price we are buying at x2. don't forget how much we were paying for subsidy when Buhari and Co were shouting back then and how much we re paying now?

And then they will say oil was selling high prices then

Nigeria is in ......trouble.Any further price increment will a disaster

Whalewale:
Anyone notice queues at filling stations already

Bought 10L for 2k5

Nukilia:


Nigerians love the country the way its going. Those who voted for APC knew they voted for deception . When Obasanjo wanted to add extra #1 to fuel price, the whole Nigerians went on protest. Jonathan did same and there was protest, Bihari doubled the price and everyone is calm...

#WeAreInThisTogether

Hehehehehehehehehehe.... Because he is Mr Integrity

I saw this coming... No light spend excessively on fuel for my business.

does anyone know a reliable machine builder in Nigeria that can construct a waste plastic to diesel machine.

PrecisionFx:


We are one of the largest crude oil producers in the world, We shouldn't buy gasoline 250 per litre.


""those that own vehicles should be able to afford fuel before buying it.""

Do u even know that the price of transport would triple if the price of gasoline doubles? Do u know the consequences of that?

Don't mind the dumbo typing trash. That' how one ediot laughed at me for owning a car when petrol price was about to be officially increased from N65 to N97. He did not know his transport fare was going to double too. Let's just say I stopped talking to that Arrow for a long time.

Subsidy is a scam........Who is subsidizing who?

theenchanter:
which people? did u missed ur way?

The only thing this administration did was that they revoked fuel importer license and asked nnpc alone to import fuel cos most fuel importers hiked their imports which doesn't correspond with what we consume according to nbs. The likes of otedola of forte oil were once importers.

And it made sense.... I dont know if u're aware of d subsidy scam some years ago sha.

Are you not suprise that after this move, Govt. is spending more on subsidy today.

How many times are they going to remove subsidy. . Useless people.

SarkinYarki:


Which subsidy Mr Man? I thought you people claimed there is nothing like subsidy in Nigeria

after they increase fuel price claiming they have removed subsidy. God will punish this people.

PrecisionFx:


We are one of the largest crude oil producers in the world, We shouldn't buy gasoline 250 per litre.


""those that own vehicles should be able to afford fuel before buying it.""

Do u even know that the price of transport would triple if the price of gasoline doubles? Do u know the consequences of that?

The consequences would be that the price of anything that is transported be it; water, food, clothes, drugs etc and all services will increase. There will also be fresh demand for increase of salary because the so called increase that is meant to start by May 2019 was to measure cushion the effect of the former increase from 87-145.

At least the President has already told Nigerians to brace-up for the impact. Welcome to next level. We will all suffer before we enjoy later.

This conversation coming up again from IMF/ World Bank/ Managers of Nigerian economy. Hmmmmm.

My submissions is that the reason why China will continues to be great and great is becos the country called China will always do the exact opposite the Economic capsule or prescription coming from IMF while that Africa largest black called Nigeria will forever be doomed for always swallowing this economic pills from them including S.A.P.

When are we going to develop our own grown economic model. Or why do we have Economic course being taken in our university or The schools are Mushroom. Abeg

lonelydora:
FG/APC should remove this subsidy once and for all.

Even if it's 500 per litre, we will buy until competition starts.

Have you all forgotten how we bought SIM card for 25k? Now as you walk along the road, they are begging you to take it for free.

Buhari should remove the damn subsidy

stop this fake illustration of using SIM card, its stale already, it doesnt work, it has never worked. obasnajo increased fuel 9 times using this same illustartion.
jonathan increased it using SIM card illustartion, it was also used to increase it to N145 by PMB
please stop it , we are not fools

Even if Buhari hikes fuel prices to N500 per litre (with subsidy), destroys the economy, kills off our healthcare, in fact takes us back to 1914, you'd never see a protest like we saw in Sudan against him. Conduct another election, he'd get millions of votes effortlessly

In June 2015 when electoral capital was at its peak, when faces were freshest, when the now famous 'body language' was the national song, when the air of invincibility was storming.... when 'rapture' was about to take place and the chants of 'messiah' rented the air....then.... it would have been possible, perhaps even desirable together with the other tough structural economic decisions such as floating the naira and privatising the NNPC (government oil interests).

But we all knew it was not possible then due the origins of this government particularly the propaganda surrounding fuelsubsidy and the crippling corription of the previous administration manifested in everything from the putroght denial of subsidies made by the present Petroleum Minister to the sibsody removal protests the ruling party was massively involved in during its opposition hey days. It was too much an embarrassement to do an immediate volte-face so the nation has steadily economically bled into a coma. Now the chickens are home, debt is crippling, smugglers are cashing in billions and the tax payer is subsidising petrol used as far off as Njamena and Yaounde while he is heaping foreign debts to the billions by the day.

If subsidy has been removed piecemeal the least we will have achieved would be a 50 percent cut, probably saved some half trillion naira but more importantly the worst of the adjustments will be gone by now, withdrawal symptoms will have abated, high inflation will have begun to fall. Best of all the investment required to create a viable, virile industry will have berthed our shores. The figures will have been attractive enough to spur new, independent refining capacity.

It is never late but the reality of the situation is that it will be very hard to implement now and very hard to swallow. If a sick man elects to do a costly surgery to live, it will be hard enough for the family to bear. If he is persuaded to do it after years of costly chemotherapy that has failed you can imagone how devastated the family will be..... then just pray that after the surgery he doesn't succumb to death....hmmm

freeman67:


The consequences would be that the price of anything that is transported be it; water, food, clothes, drugs etc and all services will increase. There will also be fresh demand for increase of salary because the so called increase that is meant to start by May 2019 was to measure cushion the effect of the former increase from 87-145.

At least the President has already told Nigerians to brace-up for the impact. Welcome to next level. We will all suffer before we enjoy later.

unending suffer before enjoyment. so when will the enjoyment come. my parents suffered austerity so that i can enjoy when am grown up, my parents also suffered S.A.P so that i can enjoy when am grown up, and so many other economic sufferings.
all those are just for me to enjoy when am grown up.
as u can see am now grown and am supposed to be enjoying, but these clowns at the helm of affairs in our country are asking me to endure and suffer so that my own children will enjoy. what rubbish. what cycle of suffering.
they dont mean well for us. given my experience, whats the guaranty that my children will enjoy when i finished another round of suffrering