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Nairaland Forum / Nairaland / General / Politics / Borrowing To Subsidise Electricity Grossly Irresponsible -FG (18999 Views)
FG Can’t Continue To Subsidise Electricity — Power Minister, Adebayo Adelabu / FG To Use VAT Proceeds To Subsidise Electricity Tariff For 3 Months / Garba Shehu: Using Tax From Herdsmen, Farmers To Subsidise Petrol Unfair (2) (3) (4)
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Re: Borrowing To Subsidise Electricity Grossly Irresponsible -FG by Sunnyja: 2:36pm On Sep 07, 2020 |
valentineuwakwe:All these huge jokes about long ques returning to filling stations are becoming stale as more than 55% of vechile owners have parked their cars due to loss of jobs and hardship. 1 Like |
Re: Borrowing To Subsidise Electricity Grossly Irresponsible -FG by johnson8213: 2:38pm On Sep 07, 2020 |
Well, this is not appropriate. However, it is so easy for you to borrow to embezzle. |
Re: Borrowing To Subsidise Electricity Grossly Irresponsible -FG by Yusman316(m): 2:39pm On Sep 07, 2020 |
Timekeeper: So u are among those that believe that Ghana story? So someone will take over govt then kill all the country's elites and the international community will just fold it hands and be looking without sanctions 1 Like |
Re: Borrowing To Subsidise Electricity Grossly Irresponsible -FG by Nobody: 2:41pm On Sep 07, 2020 |
Borrowing to subsidize a near non existent service already heavily paid for by helpless and frustrated consumers. It's like these people think they're ruling a bunch of kindergarten kids 1 Like |
Re: Borrowing To Subsidise Electricity Grossly Irresponsible -FG by Nobody: 2:42pm On Sep 07, 2020 |
What about the trillions fg is making from crude oil,duty stamp,customs duty,and port?If you politicians cut down on your wasteful spending and looting you won't be borrowing. 1 Like |
Re: Borrowing To Subsidise Electricity Grossly Irresponsible -FG by Blackmann001: 2:46pm On Sep 07, 2020 |
kikero: You see ur life..? You just swallowed a bait and it hook and sink....yes there was a form of subsidy.....but every govt of the world have a way to ease at least one sector burden and place some measure of it on the govt. That is y the last administration was pursuing fuel and fertilizer subsidy removals but paid more attention on private metering penetration ... Now ur senseless govt as usual without care abt any human is trying to remove 3 subsidies all at once....increasing taxation by force, introducing all manner of fiscal policy that there is...there by impoverished her people.... No matter how u explain this things,I tell u...this administration is daft 1 Like |
Re: Borrowing To Subsidise Electricity Grossly Irresponsible -FG by seunmsg(m): 2:46pm On Sep 07, 2020 |
Racoon: Subsidizing electricity was part of the electricity privatization deal that Jonathan signed before leaving office. Government has been paying subsidy on electricity since the sector was privatized. Most of you that critize don't even know anything about how various sectors of the economy operates. Smh! 1 Like |
Re: Borrowing To Subsidise Electricity Grossly Irresponsible -FG by Nobody: 2:47pm On Sep 07, 2020 |
Blackmann001: All right, good afternoon |
Re: Borrowing To Subsidise Electricity Grossly Irresponsible -FG by Nobody: 2:47pm On Sep 07, 2020 |
Kubernetes: K |
Re: Borrowing To Subsidise Electricity Grossly Irresponsible -FG by Blackmann001: 2:49pm On Sep 07, 2020 |
kikero: How is ur day so far |
Re: Borrowing To Subsidise Electricity Grossly Irresponsible -FG by Nobody: 2:50pm On Sep 07, 2020 |
seunmsg: In fairness to GEJ, he did it because Nigerians don't want to pay market price for power. There are people on this site who believe that they shouldn't pay for power unless it is sold to them at a cost that causes losses to the sellers. That's the real elephant in the room, not whether PDP or APC is responsible. |
Re: Borrowing To Subsidise Electricity Grossly Irresponsible -FG by Nobody: 2:51pm On Sep 07, 2020 |
Blackmann001: Somewhat, as they say...the same as usual. |
Re: Borrowing To Subsidise Electricity Grossly Irresponsible -FG by iwaeda: 2:55pm On Sep 07, 2020 |
anonimi: The man is nothing but failure, how he lured sensible people still amaze me 2 Likes 2 Shares |
Re: Borrowing To Subsidise Electricity Grossly Irresponsible -FG by Blackmann001: 2:55pm On Sep 07, 2020 |
kikero: Hahaha..don't worry ..it is well,we will eventually survive! 1 Like |
Re: Borrowing To Subsidise Electricity Grossly Irresponsible -FG by Sunnyja: 2:59pm On Sep 07, 2020 |
amakadlite:Some online supporters will tell you about second Niger bridge that has been completed on paper. |
Re: Borrowing To Subsidise Electricity Grossly Irresponsible -FG by SmartPolician: 3:02pm On Sep 07, 2020 |
SoftBillionaire: Please Nigeria is not a rich country Let's stop fooling ourselves No rich country with a population as massive as Nigeria depends on one revenue earner It's just like a father having a side hustle Nigeria, as a father, has no side hustle 3 Likes 1 Share |
Re: Borrowing To Subsidise Electricity Grossly Irresponsible -FG by ubox: 3:02pm On Sep 07, 2020 |
christinme224:Funny enough such places exist |
Re: Borrowing To Subsidise Electricity Grossly Irresponsible -FG by backnbeta(f): 3:09pm On Sep 07, 2020 |
How do you identify those using 12 hours light because we all get same number of units for what we pay |
Re: Borrowing To Subsidise Electricity Grossly Irresponsible -FG by APOSTLECHUMA: 3:09pm On Sep 07, 2020 |
IN A COUNTRY LIKE IVORY-COAST (JUST NEXT DOOR), THIS JUBRIL PARADING HIMSELF AS BUHARI WOULD HAVE LONG AGO BEEN PULLED OUT OF ASO-ROCK AND STONED TO DEATH BY THE SUFFERING MASSES FOR ALL HIS ADMINISTRATION'S ANTI PEOPLES' POLICIES. |
Re: Borrowing To Subsidise Electricity Grossly Irresponsible -FG by dalass(f): 3:10pm On Sep 07, 2020 |
Racoon: Chai! 1 Like |
Re: Borrowing To Subsidise Electricity Grossly Irresponsible -FG by anonimi: 3:16pm On Sep 07, 2020 |
iwaeda: Through these scam strategies perhaps www.nairaland.com/attachments/2091052_2084712obama4jpeg0846bececdee51cd258847b713b916e6_jpegd27f893bccf38657d36ce7d37daaa943 www.nairaland.com/attachments/2094760_b60dd09cqaan3fk_jpeg95853abb113413e275972c0eedfc3dad 2 Likes |
Re: Borrowing To Subsidise Electricity Grossly Irresponsible -FG by xandy84: 3:16pm On Sep 07, 2020 |
You made a valid points but my problem is why now? Why now because the economy is already is recession and increasing the prices of necessities will make the economy slide into depression. This government should have started fading out subsidy in power sector over 4 years ago but why wait now when average Nigerians are without jobs and can't even feed their families. Government world over are stimulating their economy by boosting purchasing power but Nigerian government is doing the reverse and how do they expect to pull the economy out of recession... To me, removing subsidy on anything now is nothing but voodoo economics and will make everybody worse off with the government inclusive. kikero: |
Re: Borrowing To Subsidise Electricity Grossly Irresponsible -FG by anonimi: 3:18pm On Sep 07, 2020 |
Racoon: Why did Obasanjo, being aware of all these, promote his incompetence in 2015 1 Like |
Re: Borrowing To Subsidise Electricity Grossly Irresponsible -FG by Nobody: 3:21pm On Sep 07, 2020 |
xandy84: Because we have no choice Nigeria isn't earning enough from oil at all. Oil prices have been low for ages. Then there is the covid19 economic slowdown. We should have removed this thing since ( Back in 2012 when we should have removed it, many people asked the same question you are asking now.) Unless you want us to keep on taking loans. |
Re: Borrowing To Subsidise Electricity Grossly Irresponsible -FG by olivertwin1990(m): 3:29pm On Sep 07, 2020 |
Mr. President make sure all Documentations and records of all the contracts are kept ooo.. In fact, another Government will soon be on the way, and investigations shall be made because all the borrowings, contracts of projects, and what so ever we are hearing in Government, we Nigeria masses are not having any inpact or benefits, or visibility of any of those things your Government are claiming to be doing. It's unfortunate you gather so many wrong personality in your Government. Your Government borrowed so much but only little work can be seen. Big money small work. 1 Like |
Re: Borrowing To Subsidise Electricity Grossly Irresponsible -FG by njola34(m): 3:30pm On Sep 07, 2020 |
Irrespective of what must have happen during the Jonathan administration under the privatisation of power, I believe the first thing that should have been done is to revise the privatisation process. The buhari administration saw this but refuse to act ... You built on a system that has no foundation and you believe anything good to come out of it. How can you privatise and still subsides them....the word subsidy has been used severally to defraud this country..... what we hear is subsidy, intervention fund ....this administration and the group of thief’s who bought the power sector are fraudsters. A system that is not sustainable is bound to die a natural death ... we are almost there and it will surely happen in a not distance future..... |
Re: Borrowing To Subsidise Electricity Grossly Irresponsible -FG by Nobody: 3:34pm On Sep 07, 2020 |
njola34: Reversing the privatisation process for power wold have led to legal challenges for breach of contract Which the government would have lost, and they would have had to pay billions |
Re: Borrowing To Subsidise Electricity Grossly Irresponsible -FG by FLYFIRE(m): 3:36pm On Sep 07, 2020 |
What did you do with the ones you borrowed? 1 Like |
Re: Borrowing To Subsidise Electricity Grossly Irresponsible -FG by olivertwin1990(m): 3:41pm On Sep 07, 2020 |
The problem with this Government of Mr. President Mohammadu is that they thought they are fully Nigerians not knowing that they are fully themselves. |
Re: Borrowing To Subsidise Electricity Grossly Irresponsible -FG by Kinikini: 3:42pm On Sep 07, 2020 |
It is even more irresponsible to borrow to pay jumbo salaries and buy luxuries for political office holders. The govt should immediately prune down the size of the political appointees and reducce the national assembly members. quote author=valentineuwakwe post=93670427] Source: https://punchng.com/borrowing-to-subsidise-electricity-grossly-irresponsible-fg/ [/quote] |
Re: Borrowing To Subsidise Electricity Grossly Irresponsible -FG by Tomilola360: 3:43pm On Sep 07, 2020 |
This government is as irresponsible as all these Nigerians. Note: I am from somewhere in antartica |
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