Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,194,420 members, 7,954,661 topics. Date: Saturday, 21 September 2024 at 05:43 AM |
Nairaland Forum / Nairaland / General / Politics / President Buhari Blames COVID-19 For Increase In Petrol Price, Electricity (655 Views)
Buhari Blames Middlemen: 1984 And 2020 (Photos) / How Will The New Petrol Price & Electricity Tariff Hike By FG Affect You? / APC Peace Panel Gets 170 Petitions, Blames COVID-19 For Delayed Sittings (2) (3) (4)
President Buhari Blames COVID-19 For Increase In Petrol Price, Electricity by iwaeda: 2:49pm On Sep 07, 2020 |
Recall that Nigerians had vowed to protest the increase following the announcement by government.  BY SAHARAREPORTERS, NEW YORKSEP 07, 2020 President Muhammadu Buhari has given reasons why there was an increase in petrol pump price and electricity tariff across the country. Recall that Nigerians had vowed to protest the increase following the announcement by government.  Buhari, who was represented by Vice President, Yemi Osinbajo, at the ministerial performance review retreat, blamed the COVID-19 pandemic as reason for the increase in petrol pump price. He said, “The COVID-19 pandemic has led to a severe downturn in the funds available to finance our budget and has severely hampered our capacity. One of the steps we took at the beginning of the crisis in March when oil prices collapsed at the height of the global lockdown was the deregulation of the price of Premium Motor Spirit such that the benefit of lower prices at that time was passed to consumers. “This was welcome by all and sundry. The effect of deregulation though is that PMS prices will change with changes in global oil prices. This means quite regrettably that as oil prices recover we would see some increases in PMS prices. This is what has happened now. When global prices rose, it meant that the price of petrol locally will also go up. SEE ALSONigerians Slam President Buhari, Say He Lacks Ideas As Petroleum Minister12 Comments3 Days Ago “There are several negative consequences if government should even attempt to go back to the business of fixing or subsidising PMS prices. First of all, it would mean a return to the costly subsidy regime. Today we have 60 per cent less revenues, we just cannot afford the cost. The second danger is the potential return of fuel queues – which has, thankfully, become a thing of the past under this administration. “We do not have the resources at this point to continue in this way and it will be grossly irresponsible to borrrow to subsidise a generation and distribution which are both privatised. But we also have a duty to ensure that the large majority of those who cannot afford to pay cost reflective tariffs are protected from increases. NERC, the industry regulator, therefore approved that tariff adjustments had to be made but only on the basis of guaranteed improvement in service.” http://saharareporters.com/2020/09/07/president-buhari-blames-covid-19-increase-petrol-pump-price-electricity-tariff |
Re: President Buhari Blames COVID-19 For Increase In Petrol Price, Electricity by axeman2(m): 2:52pm On Sep 07, 2020 |
Re: President Buhari Blames COVID-19 For Increase In Petrol Price, Electricity by ProudBornoBoy(m): 2:53pm On Sep 07, 2020 |
If Failure Was A Person, It Would Be A Man Who Failed Twice As A President, And Keeps Throwing Blames Around. Twice As Dull. ❌ #TWICEASDULL 2 Likes |
Re: President Buhari Blames COVID-19 For Increase In Petrol Price, Electricity by BigTableShaker(f): 2:54pm On Sep 07, 2020 |
stupid cow radarada 1 Like |
Re: President Buhari Blames COVID-19 For Increase In Petrol Price, Electricity by Nobody: 2:54pm On Sep 07, 2020 |
Confused government 1 Like |
Re: President Buhari Blames COVID-19 For Increase In Petrol Price, Electricity by Kriss216: 2:56pm On Sep 07, 2020 |
Presidebt Buhari and APC has nothing to offer Nigeria. The earlier we understand this, the better for our dilapidated nation. 2 Likes |
Re: President Buhari Blames COVID-19 For Increase In Petrol Price, Electricity by Racoon(m): 2:56pm On Sep 07, 2020 |
Blame anything he can think about including God except his clueless and incompetent self.What an irresponsible president Nigeria is unfortunate to ever had. 1 Like |
Re: President Buhari Blames COVID-19 For Increase In Petrol Price, Electricity by ojaysam25(m): 2:56pm On Sep 07, 2020 |
Lame excuse from a failed government. |
Re: President Buhari Blames COVID-19 For Increase In Petrol Price, Electricity by vanida6: 3:04pm On Sep 07, 2020 |
Even if buhari is dying him go still get excuses to lie to angel's d way buhari dey lie sef dey baffle me walai |
Re: President Buhari Blames COVID-19 For Increase In Petrol Price, Electricity by Maxymilliano(m): 3:07pm On Sep 07, 2020 |
Would have been surprised if he didn't blame it on something. Inept President
|
Re: President Buhari Blames COVID-19 For Increase In Petrol Price, Electricity by iwaeda: 3:13pm On Sep 07, 2020 |
Serious government provided palliatives for the poeple, but Nigeria government steal from the poor to fund their luxurious life. |
Re: President Buhari Blames COVID-19 For Increase In Petrol Price, Electricity by iwaeda: 3:27pm On Sep 07, 2020 |
Maxymilliano: Lalastic.lala come and see Mr. Blamer! |
Re: President Buhari Blames COVID-19 For Increase In Petrol Price, Electricity by Cjrane2: 3:27pm On Sep 07, 2020 |
Of course, he can never take responsibility for anything. He has to find somebody to blame, even if its a virus! Around the world, the pump price for petrol has been the lowest in decades, just as oil price is also low. But in Nigeria, the pump price of petrol is raised to the highest in decades because this government must get enough money to steal no matter what. 2 Likes 2 Shares |
Re: President Buhari Blames COVID-19 For Increase In Petrol Price, Electricity by Iamgrey5(m): 3:30pm On Sep 07, 2020 |
1)The government borrowed so much money to do absolutely nothing or very little that when they actually needed to borrow, most lenders weren't ready to borrow them the money to sustain our economy 2) Government saved very little for the purpose of emergency. Rather! they embarked on a very useless social security scheme that was eventually exposed as a means to steal funds by very powerful individuals. The government spent more than 1trn Naira on imaginary "poorest of poor" since 2015. 3) The government failed to work on sectors of the economy that could have driven growth like Agriculture and the Nigeria entertainment industry. |
Re: President Buhari Blames COVID-19 For Increase In Petrol Price, Electricity by Ishilove: 4:29pm On Sep 07, 2020 |
Racoon:I don't know who we offended in this country. |
Re: President Buhari Blames COVID-19 For Increase In Petrol Price, Electricity by iwaeda: 5:09pm On Sep 07, 2020 |
Ishilove:We have always make wrong choice |
Re: President Buhari Blames COVID-19 For Increase In Petrol Price, Electricity by sapientia(m): 5:49pm On Sep 07, 2020 |
Daddy blamer |
Re: President Buhari Blames COVID-19 For Increase In Petrol Price, Electricity by Cyberterror: 5:52pm On Sep 07, 2020 |
The President is right. There is a global economic crisis as a result of the pandemic. With time, things will ease up. |
Re: President Buhari Blames COVID-19 For Increase In Petrol Price, Electricity by WhizdomXX(m): 5:54pm On Sep 07, 2020 |
Nigeria will be Great Again. The Devil will be put to shame. Nigerians open your eyes, educate your friends on the streets, America will not accept all of us. We can't afford a third mistake ever again. 2023 is coming, the mistakes are planning again, they have more money but we are in the majority. Democracy is a Government of the majority. Let's start preparing our best choices for a credible development now. The Choice is in our hands, not theirs. Save your future now. It's not too late. God bless Nairaland God bless Nigeria and fellow wise Nigerians. |
Re: President Buhari Blames COVID-19 For Increase In Petrol Price, Electricity by IDeyNL: 6:01pm On Sep 07, 2020 |
Maxymilliano: Twice as dull |
Re: President Buhari Blames COVID-19 For Increase In Petrol Price, Electricity by Gokoyer0(m): 6:19pm On Sep 07, 2020 |
You never give up on Naija . Save my comment and come back in 2024 to see for yourself. Suppose we don't have the most docile youths in the world, I may not have given up on Naija. Did you know that they have even started raising 100k dollars fund for Erica that was disqualified in BBN? What a useless country with misplaced priorities everywhere. WhizdomXX: |
Re: President Buhari Blames COVID-19 For Increase In Petrol Price, Electricity by Gokoyer0(m): 6:26pm On Sep 07, 2020 |
We don't offend anyone. Those callous and wicked leaders know that Nigerian will not fight and resist any hardships impose on them. Nigeria is gone, my friend. Awon Oloriburuku leaders, they have mortgaged the future of youths and youths have already accepted their rates. The lives of anyone that quote me back with rubbish will be managed the same way Nigeria is being managed right now. Anyone that has means to leave that country even if it is Lome should just go. They are planning to recycle old cargos again come 2023 for the next 4 yrs and while Nigerian youths will be busy with various SM challenges and BBN. Ishilove: |
Re: President Buhari Blames COVID-19 For Increase In Petrol Price, Electricity by iwaeda: 6:55pm On Sep 07, 2020 |
Gokoyer0: Well said! |
Re: President Buhari Blames COVID-19 For Increase In Petrol Price, Electricity by ivandragon: 7:52pm On Sep 07, 2020 |
Fact is, he doesn't care. He lies without remorse... Imposes hardship with glee... Practices hypocrisy with flair... Basks in the euphoria of the suffering of the masses... Shifts blames when things don't work out right... Embraces the glory for achievements he contributed little or nothing to... Never takes responsibility for his errors... Is too proud to acknowledge that someone actually had a better plan than him... |
Re: President Buhari Blames COVID-19 For Increase In Petrol Price, Electricity by iwaeda: 7:56pm On Sep 07, 2020 |
ivandragon:He never take responsibility |
Re: President Buhari Blames COVID-19 For Increase In Petrol Price, Electricity by iwaeda: 9:29pm On Sep 07, 2020 |
We will survive the tyrants |
Re: President Buhari Blames COVID-19 For Increase In Petrol Price, Electricity by iwaeda: 10:53pm On Sep 07, 2020 |
There is no light |
Re: President Buhari Blames COVID-19 For Increase In Petrol Price, Electricity by iwaeda: 8:53am On Sep 08, 2020 |
I will blame Lalastic.lala |
Re: President Buhari Blames COVID-19 For Increase In Petrol Price, Electricity by iwaeda: 2:59pm On Sep 08, 2020 |
Blame no rain |
(1) (Reply)
How To Leave Nigeria With #3,000 / POS The Most Popular Business In Nigeria Right Now / Just Received 470k From FG Via COVID19 Loan
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 31 |