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.

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“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

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

stupid cow radarada

Confused government

Presidebt Buhari and APC has nothing to offer Nigeria. The earlier we understand this, the better for our dilapidated nation.

Blame anything he can think about including God except his clueless and incompetent self.What an irresponsible president Nigeria is unfortunate to ever had.

Lame excuse from a failed government.

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

Would have been surprised if he didn't blame it on something.

Inept President

Serious government provided palliatives for the poeple, but Nigeria government steal from the poor to fund their luxurious life.

Maxymilliano:
Would have been surprised if he didn't blame it on something.

Inept President

Lalastic.lala come and see Mr. Blamer!

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.

Racoon:
Blame anything he can think about including God except his clueless and incompetent self.What an irresponsible president Nigeria is unfortunate to ever had.

I don't know who we offended in this country.

Ishilove:
I don't know who we offended in this country.

We have always make wrong choice

Daddy blamer

The President is right. There is a global economic crisis as a result of the pandemic. With time, things will ease up.

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.

Maxymilliano:
Would have been surprised if he didn't blame it on something.

Inept President

Twice as dull

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:
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.

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:

I don't know who we offended in this country.

Gokoyer0:
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.

Well said!

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...

ivandragon:
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...

He never take responsibility

We will survive the tyrants

There is no light

I will blame Lalastic.lala

Blame no rain