Am tired of this country

Who get better connect to link me out

post=93551056:
Reading....

you are not going to blast him

I thought you hated him and always call him corrupt

LaEvilIMiss:
Unfortunately the subsidy was a scam from the beginning - it allowed NNPC to squander billions of dollars without extracting or lifting a drop of crude for the past 20 years. it also allowed corrupt entities like OANDO, Sahara Energy and other Fuel Marketers with direct links to politicians and government officials cheat Nigeria as she received $2 as royalty per barrel, the cronies sold the crude at $110 - $140 per barrel, bought petrol at less than $1 then sold it back to the Nigerian Government at a premium after collecting subsidized dollars.

as few as less than 1% control the wealth of Nigeria and they are laughing at all of you fighting on boards like Nairaland and Facebook about a revolution... there is nothing left to fight for

That's a big part of why some of us think subsidies should go

But the thing is, Nigerians like low fuel prices.

In fact, subsidy is one issue where the interests of the elite and the poor coincide. Cheap fuel in return for cheap profits

The irony is removing subsides would have made many of those oil companies you call out richer. And after a period of high prices, competition would have pushed fuel prices down eventually...good for the poor.

But people don't like hardship, and the elite don't want to work for their money

Timekeeper:
Atiku well done
I still don't understand the concept of this fuel subsidy... When u give marketers freedom to fix price, wunt they misuse their power?

Wait sef. Who are the marketers sef? Can't fg market their thing, must they employ marketers to advertise fuel..

Who advertise fuel?

Young Man marketers in petroleum industry are the filling station owner and suppliers

This shows that our govt doesn't know the plight of Nigerians. This kind of policy is not favorable at this moment when many people are out of jobs and corona virus have ravaged the economy. In the developed countries, the is d best time that the govt is needed to bridge the gap between the rich and poor through expansionary monetary policies. The issues with this policy is that it gives room from the rich to become richer n the poor will get poorer. Petroleum is an essential commodity in Nigeria which if not regulated by the govt might lead to a serious issue among Nigeria. Govt around the world regulate essential commodities to protect the interest of the poor. Shalom

Right from the very begining, i've never understood what this whole "FUEL SUBSIDY" saga is all about......

Taiwojon:
yeah!!!!!


nice one.


anyway there is something more beautiful in Jesus

Are you sure you're alright?


So we'll use Jesus to fuel cars.

When the politicians come, they use religious fanatics like you to divide us.

Stalwert:


This one doesn't know what subsidy is.

Sebi subsidy is anything that they sub like data

Stalwert:
Here is Atiku some months back congratulating the Government for removing the subsidy.


https://twitter.com/atiku/status/1268969853056098305?s=19

Does calling for removal, equate senseless price hike?

Wait, did you bring this here to make a case for the terrible government of the day?

Vulcanheph:
Right from the very begining, i've never understood what this whole "FUEL SUBSIDY" saga is all about......

In simple terms

Back in 2011, fuel cost 65 naira at the pump

It cost 99 naira to produce it

That leaves a difference of 34 naira between the cost of production and the cost at selling it

Government pays a subsidy of 34 naira per liter.

But because the system does not allow marketers make a profit, many of them game the system by making claims for petrol not sold, or smuggling the petrol out of the country or selling petrol at inflated prices.

That's a potted description of how a subsidy works

zeusdgrt:
And so?

Do u see your problem

Yodexy:



Are you sure you're alright?


So we'll use Jesus to fuel cars.

When the politicians come, they use religious fanatics like you to divide us.

well life without christ is full of crises



anyway Nigerians vote for buhari, they got t
what they want.


they should enjoy buhari and let us who believes in Jesus enjoy Jesus.



Godspeed and good morning to you

HeavenlyHolines:
This shows that our govt doesn't know the plight of Nigerians. This kind of policy is not favorable at this moment when many people are out of jobs and corona virus have ravaged the economy. In the developed countries, the is d best time that the govt is needed to bridge the gap between the rich and poor through expansionary monetary policies. The issues with this policy is that it gives room from the rich to become richer n the poor will get poorer. Petroleum is an essential commodity in Nigeria which if not regulated by the govt might lead to a serious issue among Nigeria. Govt around the world regulate essential commodities to protect the interest of the poor. Shalom

Nothing good comes easy.

Stalwert:


This one doesn't know what subsidy is.

You're out of your mind to think i don't know what subsidy is.

The way these APC demons-in-human-skin carry atiku matter for head, one would be forgiven for thinking he's President not Buhari.

abramelin11:
The entire APC supported and still supports total removal. Months ago, Osinbajo assured us that subsidy has gone for good and will never come back. What is then responsible for this sudden jump in price?

The answer to your question is the second sentence of your post. Look for the definition of subsidy then come back and read your post again. Don't forget to thank me later.

post=93551064:

Hmmmmmm, Nigeria our country!
All these politicians want is money just for their pockets alone.
They never have the interests of the masses in their hearts.
Nigeria youths, the earlier you guys start to use your brain and fight for your future, the better for your lives.

We Rise!

Seems your brain s/w don dey upgrade small small. What words and insults cannot do, 600 years suffering go do am.
Sai Bubu

I know but this is not d right time. Do u know the number of people who are out of jobs? Is there any palliatives put by d govt to ameliorate the burdens of those that will b affected? hadn't been the govt were sincere then with this subsidy,people won't complain that much

allthingsgood:


Nothing good comes easy.

Yomboy4ever:



Sebi subsidy is anything that they sub like data

subsidy is anything that has weight and occupy space.

QuickStandard:


Does calling for removal, equate senseless price hike?

Wait, did you bring this here to make a case for the terrible government of the day?

Do you know what subsidy is?

abramelin11:
The entire APC supported and still supports total removal. Months ago, Osinbajo assured us that subsidy has gone for good and will never come back. What is then responsible for this sudden jump in price?

do you know the meaning of subsidy?

I support the removal of subsidy also..

abramelin11:
The entire APC supported and still supports total removal. Months ago, Osinbajo assured us that subsidy has gone for good and will never come back. What is then responsible for this sudden jump in price?

The rise in price of oil in World market will be determining the price. That's why we didn't feel it when it was removed then(it was low in World market)

kikero:


In simple terms

Back in 2011, fuel cost 65 naira at the pump

It cost 99 naira to produce it

That leaves a difference of 34 naira between the cost of production and the cost at selling it

Government pays a subsidy of 34 naira per liter.

But because the system does not allow marketers make a profit, many of them game the system by making claims for petrol not sold, or smuggling the petrol out of the country or selling petrol at inflated prices.

That's a potted description of how a subsidy works

This one will not stop lying with his voodoo theories.

post=93551064:

Hmmmmmm, Nigeria our country!
All these politicians want is money just for their pockets alone.
They never have the interests of the masses in their hearts.
Nigeria youths, the earlier you guys start to use your brain and fight for your future, the better for your lives.

We Rise!

oga nigeria is a concept

it does not exist

that why nobody will fight for it

watch and see

I hope it work, and they have to channel it to other things to help the poor masses.
Galatians 6:7 KJV
Be not deceived; God is not mocked: for whatsoever a man soweth, that shall he also reap.