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Nairaland Forum / Nairaland / General / Business / Petrol subsidy increases by 2,000% in one year (12487 Views)
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Petrol subsidy increases by 2,000% in one year by fergie001: 10:36am On Dec 01, 2019 |
The amount spent as subsidy on petrol increased from N2.87bn in November 2018 to about N60.37bn in November 2019, representing an increase of 2,001 per cent. https://punchng.com/petrol-subsidy-increases-by-2000-in-one-year/
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Re: Petrol subsidy increases by 2,000% in one year by clarocuzioo(m): 10:39am On Dec 01, 2019 |
I don't know what is subsidy, has turned to pay the highest subsidy in the history of this country. 129 Likes 12 Shares |
Re: Petrol subsidy increases by 2,000% in one year by Solsix(m): 1:00pm On Dec 01, 2019 |
Nigeria is bleeding seriously 72 Likes 5 Shares |
Re: Petrol subsidy increases by 2,000% in one year by Simplyleo: 6:05pm On Dec 01, 2019 |
Okay. But if prices of imported petroleum products must be regulated, government intervention to cushion the effects of increased prices is inevitable, hence the subsidy. Without subsidy, the prices will soar. Las las, nothing for online trolls. 2 Likes |
Re: Petrol subsidy increases by 2,000% in one year by FemiMaduka(m): 6:05pm On Dec 01, 2019 |
This subsidy regime should be about the messiest corruption cesspit and the biggest drain on our finance as a nation. We are practically throwing billions into the drain and, of course, creating an avenue for greedy folks to pocket large chunks of our national earnings. The hypocrisy, close-mindedness, docility and maliciousness of the generality of the Nigerian populace is mind-boggling. We 'occupied Nigeria' some years back for N87/litre [with halved subsidy], today, for N147/litre [and a supervisory regime that is so cloaked that we can hardly tell whether there is subsidy or not, or 'under-recovery'—for whatever it means] we have apparently lost our indignation and sense of right-judgement. This regime has already out-borrowed the last two put together; the President is making final adjustments to his plan to borrow a whooping $29bn, an amount that is bigger than our budget, and yet we act as though everything is well. Expectedly, they are planning to gag our feeble, impoverished voices on the social media, whilst our nation is being plundered and led to the precipice. When are we going to wake up to this almost irreversible rot? I am not surprised that we aren't making significant headway, I would have been surprised if we were anywhere other than where we are. 86 Likes 6 Shares |
Re: Petrol subsidy increases by 2,000% in one year by fulaniHERDSman(m): 6:05pm On Dec 01, 2019 |
If I say Nigeria is irredeemable, they will say one is unpatriotic. Nigeria is finished!!! If I have access to Nuclear weapon, I would have used it on Africa since. 80 Likes 4 Shares |
Re: Petrol subsidy increases by 2,000% in one year by Nickymichy(m): 6:06pm On Dec 01, 2019 |
Pls who is subsidy? 4 Likes 1 Share |
Re: Petrol subsidy increases by 2,000% in one year by inoki247: 6:06pm On Dec 01, 2019 |
Scammer Everywhere everyone with dere own Format... Which Format Next person go use campaign nd scam us again 19 Likes 2 Shares |
Re: Petrol subsidy increases by 2,000% in one year by Slawormir: 6:06pm On Dec 01, 2019 |
Damnnnnn niggarrr. Subsidy what? Sometimes As a real niggarrr I don't understand Nigeria I have tried to understand Nigeria still it looks like what is beyond my comprehension Nigeria is gradually turning into an enigma, a sixty four dollar question, a tough nut to crack, a conundrum, perplexity, crux, sphinx, cryptogram, a cliffhanger, a Gordian knot, mystification, a stumper Anyway i will continue to study Nigeria I won't give up Barman give me more bottles of Heineken 31 Likes 3 Shares |
Re: Petrol subsidy increases by 2,000% in one year by DMerciful(m): 6:06pm On Dec 01, 2019 |
Nigerians especially the West and North hated GEJ because he is from a minority tribe. They hated the fact that GEJ was making institutional progress and they fear their rubbish legacy would be desecrated so they started unnecessary attacks through occupy lagos and malicious publications by Lagos-Ibadan press. This was done by the West under pretence that GEJ refused to give them speakership even though GEJ made effort to put Mulikat but was frustrated by Tinubu who chose Tambuwal for his people. While the North intensified Bokoharam, kidnapped their own children, Sanusi went on rambling of NNPC missing $20 billion which Price Waterhouse Corper audited and found nothing substantial. NNPC is still loosing money till tomorrow, subsidy has doubled and fuel price has also doubled, we have borrowed over 10 trillion yet the roads are bad, electricity bad, security and crime has become a disaster, there is general unhappiness in the country, electoral gains made by GEJ has been reversed, elections has gone back to pre 2007 when results were written in politicians bedrooms. In all honesty, the west betrayed the South for nothing! 127 Likes 18 Shares |
Re: Petrol subsidy increases by 2,000% in one year by FactBoyz: 6:06pm On Dec 01, 2019 |
Re: Petrol subsidy increases by 2,000% in one year by ayusco85(m): 6:06pm On Dec 01, 2019 |
Hmm |
Re: Petrol subsidy increases by 2,000% in one year by Abilistic(m): 6:06pm On Dec 01, 2019 |
Chai..... All Promises Cancelled 8 Likes
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Re: Petrol subsidy increases by 2,000% in one year by jahsharon: 6:06pm On Dec 01, 2019 |
It has decreased by 3000% since border closure 4 Likes 1 Share |
Re: Petrol subsidy increases by 2,000% in one year by AlphaStyles(m): 6:06pm On Dec 01, 2019 |
Next Level zombies will still shout SAI BABA 33 Likes 1 Share |
Re: Petrol subsidy increases by 2,000% in one year by Sonoyom(m): 6:08pm On Dec 01, 2019 |
Congratulations guys we are on the way to the APC 'promised land'. 16 Likes 1 Share |
Re: Petrol subsidy increases by 2,000% in one year by Firstorderwizard(m): 6:08pm On Dec 01, 2019 |
Ordinary 2000%? wake me up when e reach 5000% 21 Likes 2 Shares |
Re: Petrol subsidy increases by 2,000% in one year by herakles: 6:08pm On Dec 01, 2019 |
Solsix: we are not just bleeding; some rapacious vampires are ravenously sucking our blood! 19 Likes 1 Share |
Re: Petrol subsidy increases by 2,000% in one year by NaijaFutbol: 6:08pm On Dec 01, 2019 |
Na so |
Re: Petrol subsidy increases by 2,000% in one year by ednut1(m): 6:08pm On Dec 01, 2019 |
Till dangote refinery starts 2 Likes |
Re: Petrol subsidy increases by 2,000% in one year by leke12(m): 6:08pm On Dec 01, 2019 |
gud |
Re: Petrol subsidy increases by 2,000% in one year by bukkielee(m): 6:08pm On Dec 01, 2019 |
nice |
Re: Petrol subsidy increases by 2,000% in one year by Npfn: 6:09pm On Dec 01, 2019 |
This fake news by mannybbqgrill thankgod for life happynewmonth to all 1 Like |
Re: Petrol subsidy increases by 2,000% in one year by Kennitrust(m): 6:09pm On Dec 01, 2019 |
Subsidy remained a scam! One chance government. 4 Likes 1 Share |
Re: Petrol subsidy increases by 2,000% in one year by shomutuski(m): 6:10pm On Dec 01, 2019 |
Djdnfnc |
Re: Petrol subsidy increases by 2,000% in one year by Waspy(m): 6:10pm On Dec 01, 2019 |
Sai Bóôhari 3 Likes |
Re: Petrol subsidy increases by 2,000% in one year by lomprico(m): 6:11pm On Dec 01, 2019 |
buhari my guy. whot iz sofsidy? 10 Likes |
Re: Petrol subsidy increases by 2,000% in one year by armadeo(m): 6:11pm On Dec 01, 2019 |
Na today. Make we dey look am, by next year e go be 4000%. Next level bustop jaare. P.s. I thought with border closure those smuggling the subsidized petrol will reduce but I guess the customs has an eye patch when it comes to some set of smugglers. Nigeria we hail thee. Shithole 13 Likes 3 Shares |
Re: Petrol subsidy increases by 2,000% in one year by mrvitalis(m): 6:11pm On Dec 01, 2019 |
This is the biggest scam ever During Jonathan we were consuming 40 million litres per year when he removed subsidy it dropped to 25 million Now buhari Mr integrity is telling us its 55 million 8 Likes 1 Share |
Re: Petrol subsidy increases by 2,000% in one year by BabaIbo: 6:12pm On Dec 01, 2019 |
Una never see anything... Make I no just talk... It's well 12 Likes 2 Shares |
Re: Petrol subsidy increases by 2,000% in one year by Nobody: 6:12pm On Dec 01, 2019 |
APC always dishing out figure just 2 loot our common wealth, just d same way they dished out fake voting result just to boot Dino out 4rm d Senate. But why has they not tell tell how much Buhari spends on his constant medical tourism in London. By d tym Bubu finish with Nigeria exchange rate of naira to dollar will be 1000 6 Likes |
Re: Petrol subsidy increases by 2,000% in one year by Hoephase: 6:12pm On Dec 01, 2019 |
Sai baba carry on. 1 Like |
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