Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,152,712 members, 7,816,925 topics. Date: Friday, 03 May 2024 at 08:20 PM |
Nairaland Forum / Nairaland / General / Politics / Outrage As FG Admits Paying Fuel Subsidy After Removal (32357 Views)
₦4.2 Trillion Debt Service: Economy Is In Real Crisis, FG Admits / FG Admits Revenues Crashing, Says Nigeria Faces Hard Times / BREAKING: Atiku’s Witness Admits Paying N10,000 To Soldiers During Election (2) (3) (4)
(1) (2) (3) (4) (5) (6) (Reply) (Go Down)
Re: Outrage As FG Admits Paying Fuel Subsidy After Removal by seyz91(m): 12:04am On Mar 27, 2021 |
you no lie about the revolution thing Agbegbaorogboye: |
Re: Outrage As FG Admits Paying Fuel Subsidy After Removal by Sonoyom(m): 12:08am On Mar 27, 2021 |
Buhari and his gang of 40 thieves at it again. Stealing, maiming, lying and propaganda has been the hallmark of this administration. |
Re: Outrage As FG Admits Paying Fuel Subsidy After Removal by xeju: 12:08am On Mar 27, 2021 |
Baselm:the point isn't just about pump price blah blah blah but the deceitful govt made Nigerians to believe there was nothing like subsidy and it's fraud. that's the bottom line. seeing some of you trying to be economist to a deceitful govt is baffling. 3 Likes 2 Shares |
Re: Outrage As FG Admits Paying Fuel Subsidy After Removal by globalresource: 12:25am On Mar 27, 2021 |
Subsidybad21: I won't abuse you. But your likes is the reason Nigeria is backward. Channel your grievances to Buhari the leader of nigeria and not blames the masses who has no power over the NNPC |
Re: Outrage As FG Admits Paying Fuel Subsidy After Removal by timefarm(m): 12:43am On Mar 27, 2021 |
It is sad. We can now see how much previous government was paying on subsidy when barrel of oil was close to 100 follars.. And this stupid government was claiming there is nothing called subsidy then. 1 Like |
Re: Outrage As FG Admits Paying Fuel Subsidy After Removal by seunayantokun(m): 12:44am On Mar 27, 2021 |
saaron:It is always all the way a fraud. One Nigeria? Even UK, France etc don't shout demonic oneness which is is a platform for inhumanity. 1 Like |
Re: Outrage As FG Admits Paying Fuel Subsidy After Removal by timefarm(m): 12:44am On Mar 27, 2021 |
,
How far, we no see you here, what do you have to say to defend your darling daddy? We are waiting please 1 Like 1 Share |
Re: Outrage As FG Admits Paying Fuel Subsidy After Removal by ZooOga: 12:45am On Mar 27, 2021 |
which outrage? pay or bike or walk. |
Re: Outrage As FG Admits Paying Fuel Subsidy After Removal by Brushstrokes20: 12:56am On Mar 27, 2021 |
Buhari and cohorts are common THIEVES! Very pathetic bunch of irredeemable kleptomaniacs! The shithole is on a cliff edge. |
Re: Outrage As FG Admits Paying Fuel Subsidy After Removal by Brushstrokes20: 12:57am On Mar 27, 2021 |
Buhari and cohorts are common THIEVES! Very pathetic bunch of irredeemable kleptomaniacs! The shithole is on a cliff edge! |
Re: Outrage As FG Admits Paying Fuel Subsidy After Removal by adecz: 12:59am On Mar 27, 2021 |
➡➡What do we expect from the Government of Fulani & Qanuri; The etthnik groups that make up the deadly herdsmen & boko haram.⬅⬅ ❌❌❌❌❌❌❌ |
Re: Outrage As FG Admits Paying Fuel Subsidy After Removal by Yankee101: 1:06am On Mar 27, 2021 |
Thieves If Nigeria will develop, it will come through private companies, PPP and startups The government itself is a liability to development |
Re: Outrage As FG Admits Paying Fuel Subsidy After Removal by Lagoon0: 1:22am On Mar 27, 2021 |
All this kind of thread simplyoe data don finish |
Re: Outrage As FG Admits Paying Fuel Subsidy After Removal by calcal: 1:34am On Mar 27, 2021 |
Den dey fear? |
Re: Outrage As FG Admits Paying Fuel Subsidy After Removal by Jack005(m): 1:36am On Mar 27, 2021 |
These idiots promised to fix our refineries, if only they fulfilled their promises... Another set of idiots and deceivers will promise same thing come 2023 and most Nigerians will believe their lies.. |
Re: Outrage As FG Admits Paying Fuel Subsidy After Removal by Cj4charles(m): 1:47am On Mar 27, 2021 |
BigSarah:They went to Grill some cattle for their darling daddy |
Re: Outrage As FG Admits Paying Fuel Subsidy After Removal by AdeniyiA(m): 2:22am On Mar 27, 2021 |
Meanwhile Mr integrity is the Petroleum Minister o |
Re: Outrage As FG Admits Paying Fuel Subsidy After Removal by olmoRoc: 2:36am On Mar 27, 2021 |
They just pocketed the funds! After all, a snake and an elephant swallowed huge sums, and the funds were never recovered. |
Re: Outrage As FG Admits Paying Fuel Subsidy After Removal by zynzyn(m): 2:59am On Mar 27, 2021 |
Racoon: No sentiments. This subsidy issues still lingers but not to my surprise! The issue is not subsidy, it is R E F I N E R I E S!! Can't Nigerians think?? |
Re: Outrage As FG Admits Paying Fuel Subsidy After Removal by GPAdams(m): 3:26am On Mar 27, 2021 |
Curse is the day I was born as a Nigerian. How can our Leaders be this wicked. |
Re: Outrage As FG Admits Paying Fuel Subsidy After Removal by LikeAking: 3:42am On Mar 27, 2021 |
Scament. |
Re: Outrage As FG Admits Paying Fuel Subsidy After Removal by vineyardfarms: 3:42am On Mar 27, 2021 |
Racoon: ln a sane country the president would have been impeached for lieing under oath. The senate, rep are all hand pick and rubber stamp. What is left now is to put the country out for sale. Where are those miscrants who protested during GEJ Regime? |
Re: Outrage As FG Admits Paying Fuel Subsidy After Removal by Latvin: 3:48am On Mar 27, 2021 |
Reading through the thread, it is obvious many Nigerians do not understand the subject. First of all, it was wrong to have opposed subsidy removal in 2012 when GEJ proposed it. We would have adjusted to it by now and be the better for it. So PMB and others should apologise. That said, Kyari clearly said it was in September 2020 when crude oil price started climbing back up that landing cost of our 100% imported fuel became higher than the pump price. It is not rocket science that when that happens, someone (in this case NNPC on behalf of FG) will bear the loss. Meaning before Sep2020, there was no subsidy. When pump price was reduced earlier in 2020 due to crude price fall, a lot just waived it away saying it was the usual Govt gimmick of fooling the citizens and preparing them for an increase later. This is without thinking that a caveat was inserted then that full deregulation and subsidy removal will affect prices whether up or down depending on input factors such as crude price, thereby allowing the market to dictate prices as it should be. That FG didn't allow the price rise since Sep2020 means they were cognizant of the impact on citizens at a very difficult time when covid was ravaging the whole world. FG continued to negotiate with Labour, being transparent by putting all the cards on the table. It was only when conditions are met with Labour on behalf of the people that FG could go ahead. Part of those conditions were to fix our refineries, ensure workers are not sacked, implement new minimum wage and cushion impact by intensifying FG's social investment such that it reaches the most vulnerable people. I disagree with Labour though on fixing our refineries and keeping all jobs as that is self serving. I prefer we sell off the refineries, and if it leads to laying off staff, so be it. The market is the best efficiency tool. In any case, FG ensured no worker was sacked, embarked on the rehabilitation of PHC refinery, continued with its social programs (though it is unclear if it is reaching the poor) and have started paying minimum wage at federal level. Therefore, FG is taking these steps however painful now, so that foundation for future progress can be made. This is the reason why I support the courageous FG in this painful but necessary step. It will be vilified and abused but it shouldn't be deterred. Future govts will recognise the sacrifice of this present govt and its long suffering people. FG clearly didn't budget for subsidies hence it is now crying out because that matter will be raised by NASS who are waiting to ask why NNPC is not remitting monies to the federation account as expected. They should be interested in current discussions and take appropriate notes. Overall, we should get our refineries to workbut in private hands. Dangote's refinery is almost complete, the small modular refineries are starting to come on stream, BUA and others are building new refineries, FG is rehabilitating existing refineries (though i don't support that). So my advice to us Nigerians is to chill and in some months to a year or two, we would have sorted out most of the issues with fuel and the downstream sector of our economy in general. 2 Likes 1 Share |
Re: Outrage As FG Admits Paying Fuel Subsidy After Removal by TemmyT002(m): 4:05am On Mar 27, 2021 |
Racoon: Their lies started from before they got into power. |
Re: Outrage As FG Admits Paying Fuel Subsidy After Removal by witworth(m): 4:16am On Mar 27, 2021 |
Politics don overtake religion and ethnicity for causes of blindness among blind followers and supporters of political leaders and parties, the worst part of this is that these suffering and smiling followers don't even know their rights anymore so they can't fight for it because shackles are on their ankles and handcuffs on their wrists. |
Re: Outrage As FG Admits Paying Fuel Subsidy After Removal by Owologbo(m): 5:21am On Mar 27, 2021 |
Subsidybad21: how many times have subsidy been removed under this government? please, start from the time of Ibe Kachwuku (don't mind the spelling). |
Re: Outrage As FG Admits Paying Fuel Subsidy After Removal by alphaNomega: 5:41am On Mar 27, 2021 |
vineyardfarms:haha, they're in power now |
Re: Outrage As FG Admits Paying Fuel Subsidy After Removal by Nobody: 5:55am On Mar 27, 2021 |
Owologbo: Subsidy haa always been partially removed since 1973 even. So long as government controls the price of fuel there is a subsidy |
Re: Outrage As FG Admits Paying Fuel Subsidy After Removal by themanderon: 6:40am On Mar 27, 2021 |
If only people knew. |
Re: Outrage As FG Admits Paying Fuel Subsidy After Removal by shadeyinka(m): 6:42am On Mar 27, 2021 |
Racoon:over to you? |
Re: Outrage As FG Admits Paying Fuel Subsidy After Removal by Duplexxx: 6:45am On Mar 27, 2021 |
Re: Outrage As FG Admits Paying Fuel Subsidy After Removal by wonder233: 6:58am On Mar 27, 2021 |
Relax, nobody wants to insult you. All people are simply pointing out is that in arriving at the current price of ₦162, the government said it was ending subsidy. Prior to that in arriving at ₦145, it said the same thing. Now, we are being told that the subsidy that was ended is still being "re-ended" to get to ₦234. The question is when will this cycle end? Subsidybad21: |
(1) (2) (3) (4) (5) (6) (Reply)
President Buhari Meets With Portuguese President Marcelo (Photos) / Labour Party Zonal Rally In Nsukka (pictures) / Moment Peter Obi Was Announced At PFN Summit In Bayelsa
(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. 56 |