The thing is , oil prices right now are too low for us to earn enough money to pay subsidies. They are also low enough for the government to reduce prices, but the thing is

1.When we come out of this COVID19 crisis, we will end up with the account depleted

2.The only way forward is by removing subsidy.

3.Subsidy savings can be used to pay for health, education, etc.(hopefully...if they don't loot it)

The thing is, we should have removed subsidy in 2011 or earlier. But people don't want to pay higher for food and for other things. At the same time, we are throwing away trillions of naira down a big hole in the name of subsidy. It's time we ended this thing

So that we can have investment in more refineries, so that NNPC can be privatized, and so that we can have increased revenue...and eventually a market driven fall in oil prices.

Now that Covid 19 is attacking the politicians they want to build standard health centre. politicians always build with their mouths. where is your brother Abba Kyari the evil man, has he recover.

Commonsense99:

Until Nigerians decide to take matters into their hands and confront these guys by way of revolution, all these nasty lies will not end.

You are 100% correct here.

Believe this statement at your own peril

Post yi long sha, kilode??

There has been no subsidy since 2015.what there has been is under recovery. Unless the fg fully leaves the price of fuel to market forces ie every one makes their own price regime, this is just empty talk

Buhari is afraid that this might be the end of the world hence why cancel paying of subsidy. Hahahaha incompetence government.

IamCookie:
Whatever!

I hope you know some other things, Nigeria youth don’t know sh1t! Worst of all the girls they don’t even have the brain to know sh1t.

Good analysis, thanks sir.

seunlayi:
So far, thanks uncle Covid-19.

I also hope that Uncle Covid-19 will help us to perform a factory reset on the Operating system of our politicians
Judges
Legislators
Our law enforcement agents
Etc

When they asked you people to vote for younger men as president. You voted ancestors and you want him to build good operating system.

Hemanwel:
Sometimes, when I hear people say that this APC government is taking Nigerians for fools, I think they are understating it.

I am honestly still searching for the right word to use in describing what this APC government takes Nigerians to be.

They are not calling us fools. They are just forcefully holding the nation to ransom. After all, they have the paraphernalia of power. This is misrule, plain and simple. When they are done, they hope to have crippled Nigeria, having effectively transferred all the money to themselves.
Let's see whether God will agree.

Which way Nigeria.

megley:
Post yi long sha, kilode??

Much of the time, the females are absent when the most important issues are being discussed. Bring a thread about Tacha, and all of them appear.
Smh

Let him continue leading us like d president .....i wil jail dem wen I bcom d president okie post=88175005]Whatever! [/quote]

Splashme:

So, why is NNPC still fixing prices?
Why not allow marketers sell at market prices ?

The mere fact that NNPC is still fixing prices to allow for uniformity nationwide
means there will definitely be subsidy


$

But we will be there to sustain security of supply at market price...

Market price means NNPC will not fix PMS prices going forward - let's see how this pans out..

Please guys can anyone please giving me 2000. Please hunger want to kill person. Thanks God bless.
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If the Federal government is serious they should boldly come out and announce the deregulation of the petrol importation and pricing. This sneaky way they are going about it shows a lack of courage.

In fact this is the best time to announce it because of the lock down. NLC won't be able to come out . But if deregulation is announced today and marketers take over the price of petrol should actually fall to about N100. As it is now FG is over recovering to earn extra income.

Funny enough though crude oil prices have been low for about a month now and diesel is still likr N210. What's going on?

This is long over due. I am very happy about this.

Some Good News Finally.

We should be talking of stopping
fuel importation, not about paying
or not paying subsidy..


Mad people!!!

Isn't under recovery not euphemism for subsidy in fact it is a synonym. After deception comes reality bro,keep working hard it,you will surely find yourself in a hole you dug.

ornicus:
There has been no subsidy since 2015.what there has been is under recovery. Unless the fg fully leaves the price of fuel to market forces ie every one makes their own price regime, this is just empty talk

kikero:
I won't believe it until marketers are allowed to set their prices for fuel, not the government.

So long as government sets prices there is a subsidy.

Exactly, because when we talk tomorrow it will become fake news and hate speech

Na today? Abegi.... All the subsidies una don de remove since God knows when yet una still de pay

gr8keeng:

https://www.vanguardngr.com/2020/04/oil-price-slump-fg-not-returning-fuel-subsidy-under-recovery-nnpc/

seunlayi:
So far, thanks uncle Covid-19.

I also hope that Uncle Covid-19 will help us to perform a factory reset on the Operating system of our politicians
Judges
Legislators
Our law enforcement agents
Etc

Number 4 may never change because even in this Covid -19 problem they are killing and abusing civilians and threatening to rape and infect them with HIV.

Brilliant!

kikero:
I won't believe it until marketers are allowed to set their prices for fuel, not the government.

So long as government sets prices there is a subsidy.

Prices should be regulated by government. You don't want situation where a filling station will sell at the rate of 110 Naira all for them to fill your tank with much less in terms of quantity.

Kyari again!

Nigeria is in the hand of God.

gr8keeng:

https://www.vanguardngr.com/2020/04/oil-price-slump-fg-not-returning-fuel-subsidy-under-recovery-nnpc/

Good..but I just want to ask oo. Are you the younger brother to our de facto presido, Mallam Abba Kyari?

..

Is he related to kiyari the chief of staff