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Nairaland Forum / Nairaland / General / Politics / Petrol: NNPC Can No Long Bear N120bn Monthly Subsidy – Kyari Warns Nigerians (19713 Views)
Petrol: NNPC Slashes Price For Marketers To Ease Scarcity / Nigeria Spends N120bn Annually To Keep Refineries Idle ― Petroleum Engineers / Ekiti Debt Profile Hits N120bn As Fayose Bows Out (2) (3) (4)
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Petrol: NNPC Can No Long Bear N120bn Monthly Subsidy – Kyari Warns Nigerians by valentineuwakwe(m): 12:13am On Mar 26, 2021 |
The Group Managing Director of Nigeria National Petroleum Corporation NNPC, Mele Kyari, says the corporation can no longer bear the over N120 billion monthly subsidy for Premium Motor Spirit (PMS).https://www.vanguardngr.com/2021/03/pms-nnpc-says-it-cant-bear-n120bn-monthly-subsidy/amp/ 3 Shares
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Re: Petrol: NNPC Can No Long Bear N120bn Monthly Subsidy – Kyari Warns Nigerians by History555: 12:26am On Mar 26, 2021 |
I don't care if the price is 250. As long as buharist and i are paying the same price for fuel , i am happy 121 Likes 4 Shares |
Re: Petrol: NNPC Can No Long Bear N120bn Monthly Subsidy – Kyari Warns Nigerians by dikeigbo2(m): 12:26am On Mar 26, 2021 |
udonmeanit 27 Likes 2 Shares
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Re: Petrol: NNPC Can No Long Bear N120bn Monthly Subsidy – Kyari Warns Nigerians by Rugaria: 12:55am On Mar 26, 2021 |
The president of this country just handed out over 60 oil wells to "UNKNOWN" people and all of you are quiet Is there any bigger corruption case than this? Is Nigeria Buharis property? Why secret? What are they hiding? What's going on!?!? Within the last few years, Buhari who has doubled as the minister of petroleum, has renewed over 60 oil well licences too, and all were kept secret too!!! People, this is not buharis or fulanis oil wells. This man is auctioning off sensitive economic assets of the country to cronies, while shouting "anti corruption" all over the place! Buhari is the corruption he needs to fight.. 197 Likes 23 Shares |
Re: Petrol: NNPC Can No Long Bear N120bn Monthly Subsidy – Kyari Warns Nigerians by Tajbol4splend(m): 3:03am On Mar 26, 2021 |
Naivety will make you argue this but followership has done more harm to this country (Forced Union) than leadership Good and effective followership begets good leadership most times We the people of this country (Forced Union) don't know our role as the people who own governance We accept anything thrown at us without any reaction that will make them have a rethink I witnessed the years of ₦15.00/Litre, even less and I'm about to witness above ₦200/Litre I witnessed and ran the errand of ₦3.00 long bread We just accept these things without effective reaction We are so much naive of the power we have as the people Why can't everyone, every single one just stop buying it It's going to be difficult but it's going to be very effective But alas, we can't make these sacrifices for the greater good Look where it's got us Look what it's cost us They make these decisions not even thinking of what we will do because we always do nothing That's how bad followership has begotten the kind of bad leadership we have in this amalgamation 84 Likes 5 Shares |
Re: Petrol: NNPC Can No Long Bear N120bn Monthly Subsidy – Kyari Warns Nigerians by Buccalcavity2: 3:09am On Mar 26, 2021 |
Nigeria can't also bear the $1.5bn refinery upgrade for refineries that are perpetually bearing losses, and also overhead of staff working in such refineries. Simple. 27 Likes 2 Shares |
Re: Petrol: NNPC Can No Long Bear N120bn Monthly Subsidy – Kyari Warns Nigerians by Edutours1616: 5:00am On Mar 26, 2021 |
Nice |
Re: Petrol: NNPC Can No Long Bear N120bn Monthly Subsidy – Kyari Warns Nigerians by KossyKiss97(f): 5:00am On Mar 26, 2021 |
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Re: Petrol: NNPC Can No Long Bear N120bn Monthly Subsidy – Kyari Warns Nigerians by dimexy247(m): 5:01am On Mar 26, 2021 |
抗疫取得积极成效 但许多西方舆论不愿承认现 4 Likes |
Re: Petrol: NNPC Can No Long Bear N120bn Monthly Subsidy – Kyari Warns Nigerians by Seniorwriter(m): 5:01am On Mar 26, 2021 |
APC rouges |
Re: Petrol: NNPC Can No Long Bear N120bn Monthly Subsidy – Kyari Warns Nigerians by HenryThegreat1(m): 5:02am On Mar 26, 2021 |
Y |
Re: Petrol: NNPC Can No Long Bear N120bn Monthly Subsidy – Kyari Warns Nigerians by onadana: 5:02am On Mar 26, 2021 |
Which subsidy....will you keep kwayet...I thought subsidy was removed? 41 Likes 3 Shares
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Re: Petrol: NNPC Can No Long Bear N120bn Monthly Subsidy – Kyari Warns Nigerians by LadySarah: 5:02am On Mar 26, 2021 |
Can someone explain to me why durinvg Jonah's tenure,removal of subsidy would amount to #145 ftom #97 and yet we are at #212 and still paying subsidy? Where are the labor Unions that threatened to shut down the country,the Opposition lions and the BMC. Remove it and let us rest, fools!At this point i feel sorry for the businesses dependent on fuel to power their equipments. 38 Likes 2 Shares |
Re: Petrol: NNPC Can No Long Bear N120bn Monthly Subsidy – Kyari Warns Nigerians by talk2hb1(m): 5:03am On Mar 26, 2021 |
Rugaria:Just my Thought, I think we are a joker in this country. 14 Likes |
Re: Petrol: NNPC Can No Long Bear N120bn Monthly Subsidy – Kyari Warns Nigerians by koms: 5:03am On Mar 26, 2021 |
Oga remove subsidy if you wan remove am. I trust my people, sharply we go adapt after small noise here and then. Suffering and smiling dey Nigerians blood 24 Likes 1 Share
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Re: Petrol: NNPC Can No Long Bear N120bn Monthly Subsidy – Kyari Warns Nigerians by DenreleDave(m): 5:04am On Mar 26, 2021 |
Madddd people |
Re: Petrol: NNPC Can No Long Bear N120bn Monthly Subsidy – Kyari Warns Nigerians by TinubuGoQuench(f): 5:05am On Mar 26, 2021 |
Thunder scatter the useless head of Mele Kyari 1 Like |
Re: Petrol: NNPC Can No Long Bear N120bn Monthly Subsidy – Kyari Warns Nigerians by Eyoh01(m): 5:06am On Mar 26, 2021 |
Hmm 8 Likes
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Re: Petrol: NNPC Can No Long Bear N120bn Monthly Subsidy – Kyari Warns Nigerians by Nobody: 5:07am On Mar 26, 2021 |
Truth That's what NNPC has been screaming since forever At some point keeping fuel cheap is going to cost you billions of money that could have been used for other things.Like new refineries It is time to let subsidy go. Many African countries who are poorer than us pay higher for fuel. Subsidy has cost us billions in lost revenue and investment in new refineries and by extension jobs. Plus since 2012 the oil revenue has not been able to sustain the subsidy well. Time to let it go 1 Like 2 Shares |
Re: Petrol: NNPC Can No Long Bear N120bn Monthly Subsidy – Kyari Warns Nigerians by ChiefOloye(m): 5:07am On Mar 26, 2021 |
First , it was Zainab the Finance Minister that warned, now Kyari, the GMD is warning us, these people should stop rubbing it on our faces, if they want to increase pump price, they should go ahead. We won't die! The mistakes of 2015 and 1914 have been made already, so it's too late to cry when the head is off. 17 Likes |
Re: Petrol: NNPC Can No Long Bear N120bn Monthly Subsidy – Kyari Warns Nigerians by Kennitrust(m): 5:10am On Mar 26, 2021 |
The foolish man once say 'THERE IS NO SUBSIDY '... Subsidy is a SCAM! How they make us reject a man with brain and choose a lifeless death brain walking man, still beat my imagination 22 Likes 1 Share |
Re: Petrol: NNPC Can No Long Bear N120bn Monthly Subsidy – Kyari Warns Nigerians by Emotionss: 5:11am On Mar 26, 2021 |
Where are those people that are quick to shout our oil, our oil whenever biafra is mentioned why are you people not asking about the identities of the Unknown companies that buhari and his cronies just dash 60 oil wells ? 10 Likes |
Re: Petrol: NNPC Can No Long Bear N120bn Monthly Subsidy – Kyari Warns Nigerians by Aboguede(m): 5:11am On Mar 26, 2021 |
My eyes don clear Nigeria is just all about national cake Thiefnibu and cowbuhari will not die well 4 Likes |
Re: Petrol: NNPC Can No Long Bear N120bn Monthly Subsidy – Kyari Warns Nigerians by optimus106(m): 5:11am On Mar 26, 2021 |
CLUELESS GOVERNMENT DANGOTE IS ALMOST DONE BUILING HIS 'OWN' REFINERY AND A WHOLE FEDERAL GOVERNMENT CANNOT MAKE ITS OWN REFINERIES FUNCTION OPTIMALLY. BAD LEADERS, ALL THEY KNOW IS SHARE MONEY, BUY VOTES, WIN THEN LOCK UP. THIS COUNTRY IS A BIG MESS. 8 Likes |
Re: Petrol: NNPC Can No Long Bear N120bn Monthly Subsidy – Kyari Warns Nigerians by Nobody: 5:12am On Mar 26, 2021 |
LadySarah: Simple. The value of the naira has fallen since Jonah's time when crude cost 100 dollars per barrel so not enough dollars to raise the value of the naira due to fall in crude prices since 2014( we had it as low as 30 dollars in 2016) Also the revenue available now to subside fuel is less rhan it was under Jonah's time again due to low oil prices. We are making at least 40 dollars less per barrel of crude compared to 2012. Laat year it was as high as 80 dollars less per barrel.In 2016 it was 100 dollars less per barrel. And even then in 2012 Jona wanted to remove subsidy completely because even at that high oil price it was no longer sustainable. Nigerians said no then. 1 Like |
Re: Petrol: NNPC Can No Long Bear N120bn Monthly Subsidy – Kyari Warns Nigerians by supereagle(m): 5:12am On Mar 26, 2021 |
Change next level of hardship loading. |
Re: Petrol: NNPC Can No Long Bear N120bn Monthly Subsidy – Kyari Warns Nigerians by pointstores(m): 5:13am On Mar 26, 2021 |
Nawa |
Re: Petrol: NNPC Can No Long Bear N120bn Monthly Subsidy – Kyari Warns Nigerians by Racoon(m): 5:14am On Mar 26, 2021 |
How many times will they remove subsidy on petrol? Government of lies, by lying and for the gullible.Perhaps they are tired of their own lies of not paying the so called fraudulent fuel subsidy they denounced as non-existent As someone rightly said up there, govt have really taken the docility of the citizens for granted otherwise there ought to have been a massive uprising against this useless lying APC govt for brazenly insulting the sensibility of sane Nigerians on this subsidy issue. 10 Likes |
Re: Petrol: NNPC Can No Long Bear N120bn Monthly Subsidy – Kyari Warns Nigerians by Realguyman1(m): 5:18am On Mar 26, 2021 |
This country is just a joke. The one they removed from #87 to #145, and from #145 to #168, what was it.... So those ones was just for fun sake abi.... What is really hurting about this country is not even the nonsense our useless government are doing o.... But the fact that we the youth can't cooperate as one to fight against them..... With the way this country called Nigeria is been handled, and the youth keep folding their hands and keep supporting the useless government, Nigeria will still be as backward like this even in 10million years to come. 20 Likes 3 Shares |
Re: Petrol: NNPC Can No Long Bear N120bn Monthly Subsidy – Kyari Warns Nigerians by Abdomox: 5:20am On Mar 26, 2021 |
120bn/(234-162)/30days= 55.5m litres of PMS daily? DPR still maintains below 40m consumption level. What's going on here? 4 Likes |
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