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Buhari Opposed Removal Of Fuel Subsidy In 2011 - Politics (3) - Nairaland

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Re: Buhari Opposed Removal Of Fuel Subsidy In 2011 by Eriokanmi: 4:41pm On Nov 30, 2021
LOVEGINO:
Sai baba!
I've not heard people say this in a very long time, are his supporters tired or what? grin
Re: Buhari Opposed Removal Of Fuel Subsidy In 2011 by toujurs: 4:41pm On Nov 30, 2021
Zico5:
Yes, that's how we will all rise up and speak with one voice to ensure that the planned removal of fuel subsidy is not actualized. Buhari should dare us and see what the masses can do.
Naso una dey talk, till 2022
Re: Buhari Opposed Removal Of Fuel Subsidy In 2011 by poiZon: 4:43pm On Nov 30, 2021
backbencher:
He did, and because of that, he got into power.

The simple fact is that, whoever proposes the removal of fuel subsidy is going to be opposed by millions if not most Nigerians. That is what happened in 1993, 2006/7 and even in 2012.

Buhari in 2012, had lost elections several times, and was looking for a means to get power in 2015. Opposing subsidy provided the means by which he could get into power. He played cunny man, opposed subsidy along with most Nigerians, and got elected. Now, having seen how subsidies impact the economy, he has woken up. Too bad he could not listen to the wise words of people like NOI or SLS back in 2012.

But he isn't the reason why GEJ was unable to remove subsidy completely. The reason is most Nigerians, including GEJ supporters, who opposed and marched against it. If GEJ had totally removed subsidy in 2012, he would have lost the 2015 election by an even wider margin...plus APC would have brought it back, and reversed the gains being made.

So we kept a bad programme , which enriched a lot of people illicitly and further decimated domestic petrol production, to say nothing of getting us into more debt. Anyway, subsides on kerosene, diesel and gas went...good thing.

It's the same reason why even people like Abacha never contemplated total subsidy removal.

The painful thing is that if we had removed the thing in 2012, by now we would have been enjoying the benefits , and we would have been over the worst. Plus we had higher oil prices in 2012, meaning that there would have been enough cash to pay the poor to help them prosper.

INFACT, the partial removal of subsidy GEJ did was used to pay for things like SURE P and some improvements in public transport (just as the partial removal of subsidy by Abacha paid for the PTF). things THAT could not be sustained when oil prices crashed in 2014.

Anyway, subsidy has to go. The oil income is falling, and it is becoming more difficult to sustain subsidies. Unless we pay taxes at rates of 50% of our income .
Am not against removal of subsidy, but against buhari who confused most illiterates, semi-educated and also some highly schooled nigerians that subsidy is a scam.
It's either buhari publicly admit to being nigerians that he misled them back then when GEJ tried deregulating the downstream sector and also apologise then Nigerians will support this action.
He should also tell us what and what he is going to use the monies being saved from the removal to do.
This payment of 5k to 40m Unknown people is another scam that we won't accept.

1 Like

Re: Buhari Opposed Removal Of Fuel Subsidy In 2011 by Reference(m): 4:53pm On Nov 30, 2021
backbencher:
He did, and because of that, he got into power.

The simple fact is that, whoever proposes the removal of fuel subsidy is going to be opposed by millions if not most Nigerians. That is what happened in 1993, 2006/7 and even in 2012.

Buhari in 2012, had lost elections several times, and was looking for a means to get power in 2015. Opposing subsidy provided the means by which he could get into power. He played cunny man, opposed subsidy along with most Nigerians, and got elected. Now, having seen how subsidies impact the economy, he has woken up. Too bad he could not listen to the wise words of people like NOI or SLS back in 2012.

But he isn't the reason why GEJ was unable to remove subsidy completely. The reason is most Nigerians, including GEJ supporters, who opposed and marched against it. If GEJ had totally removed subsidy in 2012, he would have lost the 2015 election by an even wider margin...plus APC would have brought it back, and reversed the gains being made.

So we kept a bad programme , which enriched a lot of people illicitly and further decimated domestic petrol production, to say nothing of getting us into more debt. Anyway, subsides on kerosene, diesel and gas went...good thing.

It's the same reason why even people like Abacha never contemplated total subsidy removal.

The painful thing is that if we had removed the thing in 2012, by now we would have been enjoying the benefits , and we would have been over the worst. Plus we had higher oil prices in 2012, meaning that there would have been enough cash to pay the poor to help them prosper.

INFACT, the partial removal of subsidy GEJ did was used to pay for things like SURE P and some improvements in public transport (just as the partial removal of subsidy by Abacha paid for the PTF). things THAT could not be sustained when oil prices crashed in 2014.

Anyway, subsidy has to go. The oil income is falling, and it is becoming more difficult to sustain subsidies. Unless we pay taxes at rates of 50% of our income .

Most citizens of this country including our leaders still do not understand how democracy works.
There is no country on earth not faced with hard decisions from time to time.
As a matter of fact democracy was made to absorb hard decisions that will ordinarily crush autocracies and end monarchies.

Biden faced a hard decision on keeping Afghanistan (propping up a democracy, which is the cornerstone of America's foreign policy for two hundred years) or losing it together with trillions of dollars and thousands of souls. He took the decision 'early', knowing that if he waited for 'clarity' for weeks, or months, he will never get to do it.

The country was split on this but his political capital was still too loaded and his aura fresh at that time for it to cost his government much traction.

This is what the APC and Mr. President in waiting should have seen and planned late 2014, early 2015.
To have planned to have ambushed the citizens who hated the previous government and will have swam/drank putrid water (it did happen) to give Mr. Buhari leeway to 'change' Nigeria.

But because our democracy is not informed and our leaders are really not cerebral they could not muster the strategies to do the needful.
Today Mr. Buhari's political capital is all but spent. Even the hailers cannot wait for the curtain call in 2023 and a new set of leaders across the political spectrum is warming to take to the track.

What are their strategies to take the hard decisions FOR NIGERIA if they get into office.... nothing.... so they will do nothing and Nigeria will continue to drift for another generation.
Re: Buhari Opposed Removal Of Fuel Subsidy In 2011 by Iliya1520: 4:54pm On Nov 30, 2021
And he now wants re move the medium he use in his campaign in 2011 that is fuel subsidy, how many time that buhari had been crying in pity of Nigerians citizens for cost of fuel in 2014 but how he want remove the subsidy when he got into power.
Re: Buhari Opposed Removal Of Fuel Subsidy In 2011 by Burukutuhari: 4:56pm On Nov 30, 2021
@ online BMC mannavultureg. Benuejosh, helinues, seunmsg, et,al on this thread will be like

2 Likes

Re: Buhari Opposed Removal Of Fuel Subsidy In 2011 by Rexwalters1: 4:59pm On Nov 30, 2021
Zico5:
Yes, that's how we will all rise up and speak with one voice to ensure that the planned removal of fuel subsidy is not actualized. Buhari should dare us and see what the masses can do.
You are the one that will suffer as you were suffering then, you are still suffering today?, let them be playing you like ludo pdp & Apc playing politics instead of doing the right thing & removing the subsidy once & for all, Mumu we the masses.
Re: Buhari Opposed Removal Of Fuel Subsidy In 2011 by Reference(m): 5:02pm On Nov 30, 2021
Reference:


Most citizens of this country including our leaders still do not understand how democracy works.
There is no country on earth not faced with hard decisions from time to time.
As a matter of fact democracy was made to absorb hard decisions that will ordinarily crush autocracies and end monarchies.

Biden faced a hard decision on keeping Afghanistan (propping up a democracy, which is the cornerstone of America's foreign policy for two hundred years) or losing it together with trillions of dollars and thousands of souls. He took the decision 'early', knowing that if he waited for 'clarity' for weeks, or months, he will never get to do it.

The country was split on this but his political capital was still too loaded and his aura fresh at that time for it to cost his government much traction.

This is what the APC and Mr. President in waiting should have seen and planned late 2014, early 2015.
To have planned to have ambushed the citizens who hated the previous government and will have swam/drank putrid water (it did happen) to give Mr. Buhari leeway to 'change' Nigeria.

But because our democracy is not informed and our leaders are really not cerebral they could not muster the strategies to do the needful.
Today Mr. Buhari's political capital is all but spent. Even the hailers cannot wait for the curtain call in 2023 and a new set of leaders across the political spectrum is warming to take to the track.

What are their strategies to take the hard decisions FOR NIGERIA if they get into office.... nothing.... so they will do nothing and Nigeria will continue to drift for another generation.

PS:
Donald Trump had always desired to bring America out of Afghanistan, even before he became President but that lack of early political decisiveness ensured it never happened throughout his term.

Jonathan Goodluck similarly had an opportunity to light the fuse to restructure the country which he should have done within weeks of assuming power but he could not muster the political will and at the end of the day the opportunity was lost.
Ask him tomorrow and that will be up there together with his long list of political regrets..... a legacy lost.

2 Likes 1 Share

Re: Buhari Opposed Removal Of Fuel Subsidy In 2011 by Rexwalters1: 5:02pm On Nov 30, 2021
Burukutuhari:
@ online BMC mannavultureg. Benuejosh, helinues, seunmsg, et,al on this thread will be like
Let them keep playing politics with you Mumurist, instead of doing the right thing, na still you go dey wail, you were wailing in 2012 don’t remove subsidy, 10 years after 2022 you are still wailing don’t remove subsidy, are you not ashamed of yourself? yet you are still suffering & wailing today, of what benefit has the fuel subsidy been to you?
Re: Buhari Opposed Removal Of Fuel Subsidy In 2011 by Rexwalters1: 5:05pm On Nov 30, 2021
Reference:


PS:
Donald Trump had always desired to bring America out of Afghanistan, even before he became President but that lack of early political decisiveness ensured it never happened throughout his term.

Jonathan Goodluck similarly had an opportunity to light the fuse to restructure the country which he should have done within weeks of assuming power but he could not muster the political will and at the end of the day the opportunity was lost.
Ask him tomorrow and that will be up there together with his long list of political regrets..... a legacy lost.
People still get sense for Nairaland, we have hope.
Re: Buhari Opposed Removal Of Fuel Subsidy In 2011 by Zico5(m): 5:11pm On Nov 30, 2021
Rexwalters1:
You are the one that will suffer as you were suffering then, you are still suffering today?, let them be playing you like ludo pdp & Apc playing politics instead of doing the right thing & removing the subsidy once & for all, Mumu we the masses.
You are such a fool. Did I mention u in my write up or how is it Ur concerns. If u are benefitting from this government then u should have made it known. I pray God rule Ur life the same way APC government and Buhari are ruling us
Re: Buhari Opposed Removal Of Fuel Subsidy In 2011 by Babyboyforeal(m): 5:13pm On Nov 30, 2021
Reference:


PS:
Donald Trump had always desired to bring America out of Afghanistan, even before he became President but that lack of early political decisiveness ensured it never happened throughout his term.

Jonathan Goodluck similarly had an opportunity to light the fuse to restructure the country which he should have done within weeks of assuming power but he could not muster the political will and at the end of the day the opportunity was lost.
Ask him tomorrow and that will be up there together with his long list of political regrets..... a legacy lost.
thank God we still have people that reason very well
Re: Buhari Opposed Removal Of Fuel Subsidy In 2011 by timchogon81: 5:17pm On Nov 30, 2021
Should we even be talking about fuel subsidy of our refineries are working
Re: Buhari Opposed Removal Of Fuel Subsidy In 2011 by BennyDGreat: 5:52pm On Nov 30, 2021
backbencher:
He did, and because of that, he got into power.

The simple fact is that, whoever proposes the removal of fuel subsidy is going to be opposed by millions if not most Nigerians. That is what happened in 1993, 2006/7 and even in 2012.

Buhari in 2012, had lost elections several times, and was looking for a means to get power in 2015. Opposing subsidy provided the means by which he could get into power. He played cunny man, opposed subsidy along with most Nigerians, and got elected. Now, having seen how subsidies impact the economy, he has woken up. Too bad he could not listen to the wise words of people like NOI or SLS back in 2012.

But he isn't the reason why GEJ was unable to remove subsidy completely. The reason is most Nigerians, including GEJ supporters, who opposed and marched against it. If GEJ had totally removed subsidy in 2012, he would have lost the 2015 election by an even wider margin...plus APC would have brought it back, and reversed the gains being made.

So we kept a bad programme , which enriched a lot of people illicitly and further decimated domestic petrol production, to say nothing of getting us into more debt. Anyway, subsides on kerosene, diesel and gas went...good thing.

It's the same reason why even people like Abacha never contemplated total subsidy removal.

The painful thing is that if we had removed the thing in 2012, by now we would have been enjoying the benefits , and we would have been over the worst. Plus we had higher oil prices in 2012, meaning that there would have been enough cash to pay the poor to help them prosper.

INFACT, the partial removal of subsidy GEJ did was used to pay for things like SURE P and some improvements in public transport (just as the partial removal of subsidy by Abacha paid for the PTF). things THAT could not be sustained when oil prices crashed in 2014.

Anyway, subsidy has to go. The oil income is falling, and it is becoming more difficult to sustain subsidies. Unless we pay taxes at rates of 50% of our income .

Higher taxes won't work here. The funds at government disposal is being grossly mismanaged.
Imagine if we had just 60% efficiency in utilisation of government revenue in Nigeria
Re: Buhari Opposed Removal Of Fuel Subsidy In 2011 by Rexwalters1: 5:54pm On Nov 30, 2021
Zico5:

You are such a fool. Did I mention u in my write up or how is it Ur concerns. If u are benefitting from this government then u should have made it known. I pray God rule Ur life the same way APC government and Buhari are ruling us
Almijirin enjoying from which Government, who is the Governor of the state where you are typing these nonsense from?

What Local Government are you residing in the state, can you mention one thing they both State & Local Government have done for you since 2015 to empower your life? It is President Buhari in Abuja you Mallam is looking @?
Re: Buhari Opposed Removal Of Fuel Subsidy In 2011 by Ramon92: 5:56pm On Nov 30, 2021
backbencher:
He did, and because of that, he got into power.

The simple fact is that, whoever proposes the removal of fuel subsidy is going to be opposed by millions if not most Nigerians. That is what happened in 1993, 2006/7 and even in 2012.

Buhari in 2012, had lost elections several times, and was looking for a means to get power in 2015. Opposing subsidy provided the means by which he could get into power. He played cunny man, opposed subsidy along with most Nigerians, and got elected. Now, having seen how subsidies impact the economy, he has woken up. Too bad he could not listen to the wise words of people like NOI or SLS back in 2012.

But he isn't the reason why GEJ was unable to remove subsidy completely. The reason is most Nigerians, including GEJ supporters, who opposed and marched against it. If GEJ had totally removed subsidy in 2012, he would have lost the 2015 election by an even wider margin...plus APC would have brought it back, and reversed the gains being made.

So we kept a bad programme , which enriched a lot of people illicitly and further decimated domestic petrol production, to say nothing of getting us into more debt. Anyway, subsides on kerosene, diesel and gas went...good thing.

It's the same reason why even people like Abacha never contemplated total subsidy removal.

The painful thing is that if we had removed the thing in 2012, by now we would have been enjoying the benefits , and we would have been over the worst. Plus we had higher oil prices in 2012, meaning that there would have been enough cash to pay the poor to help them prosper.

INFACT, the partial removal of subsidy GEJ did was used to pay for things like SURE P and some improvements in public transport (just as the partial removal of subsidy by Abacha paid for the PTF). things THAT could not be sustained when oil prices crashed in 2014.

Anyway, subsidy has to go. The oil income is falling, and it is becoming more difficult to sustain subsidies. Unless we pay taxes at rates of 50% of our income .
One of the best comments I've seen in a while..

1 Like

Re: Buhari Opposed Removal Of Fuel Subsidy In 2011 by Rexwalters1: 6:01pm On Nov 30, 2021
Charmingrascal:
Lol

Zombies will still come and defend him and give reasons why he should remove the subsidy.

If Buhari dares to increase fuel price to 300+ as proposed.
ENDSARS protests will be small compared to what will happen
He doesn’t have to, he just has to wait until Dangote refinery comes on stream, you will pay for what you see. Even Atiku & pdp know it is the right thing to do. They will play politics with the poor.
Re: Buhari Opposed Removal Of Fuel Subsidy In 2011 by Rexymania(m): 6:02pm On Nov 30, 2021
Buhari is the image of the Devil. He deceives people to think he has humility and it's a big lie
Re: Buhari Opposed Removal Of Fuel Subsidy In 2011 by Rexwalters1: 6:03pm On Nov 30, 2021
Rexymania:
Buhari is the image of the Devil. He deceives people to think he has humility and it's a big lie
So you know how the devil looks?
Re: Buhari Opposed Removal Of Fuel Subsidy In 2011 by Racoon(m): 6:11pm On Nov 30, 2021
Here is a hypocrite that said no foreign medical tourism for govt officials & opposed fuel subsidy (calling it a scam). These are the notorious traits of the most sanctimonious criminal and fraudster
Re: Buhari Opposed Removal Of Fuel Subsidy In 2011 by AllahIsGarbage: 6:16pm On Nov 30, 2021
Don't be fooled! Abacha was directly responsible for running down Nigeria's refineries in order to introduce the idea of subsidy. It never existed before Abacha because Nigeria's 4 refineries were fully functional and could satisfy the domestic market needs.
What Nigerian governments have been subsidizing since 1994 is their own greed and incompetence. And now because of the devalued state of the Naira, they aren't making as much money as they used to, so they want to push the financial burden to the ordinary Nigerian.

Nigeria is the ONLY major oil production country that refines it's crude ABROAD. Saudi Arabia doesn't, Iraq doesn't, Russia doesn't, NOBODY ELSE DOES!

There's a reason why the state of Texas in the US which has a population of 30 million has 29 fully functional refineries, while Nigeria which has a population of 200 million can't boast of ONE!

[img]https://images./505fUgT0LLVQk1LzqLMUbR.jpg[/img]

[img]https://images./30IKcMj8puqwI8Hwk2FqIh.jpg[/img]

backbencher:
He did, and because of that, he got into power.

The simple fact is that, whoever proposes the removal of fuel subsidy is going to be opposed by millions if not most Nigerians. That is what happened in 1993, 2006/7 and even in 2012.

Buhari in 2012, had lost elections several times, and was looking for a means to get power in 2015. Opposing subsidy provided the means by which he could get into power. He played cunny man, opposed subsidy along with most Nigerians, and got elected. Now, having seen how subsidies impact the economy, he has woken up. Too bad he could not listen to the wise words of people like NOI or SLS back in 2012.

But he isn't the reason why GEJ was unable to remove subsidy completely. The reason is most Nigerians, including GEJ supporters, who opposed and marched against it. If GEJ had totally removed subsidy in 2012, he would have lost the 2015 election by an even wider margin...plus APC would have brought it back, and reversed the gains being made.

So we kept a bad programme , which enriched a lot of people illicitly and further decimated domestic petrol production, to say nothing of getting us into more debt. Anyway, subsides on kerosene, diesel and gas went...good thing.

It's the same reason why even people like Abacha never contemplated total subsidy removal.

The painful thing is that if we had removed the thing in 2012, by now we would have been enjoying the benefits , and we would have been over the worst. Plus we had higher oil prices in 2012, meaning that there would have been enough cash to pay the poor to help them prosper.

INFACT, the partial removal of subsidy GEJ did was used to pay for things like SURE P and some improvements in public transport (just as the partial removal of subsidy by Abacha paid for the PTF). things THAT could not be sustained when oil prices crashed in 2014.

Anyway, subsidy has to go. The oil income is falling, and it is becoming more difficult to sustain subsidies. Unless we pay taxes at rates of 50% of our income .
Re: Buhari Opposed Removal Of Fuel Subsidy In 2011 by Nobody: 6:42pm On Nov 30, 2021
AllahIsGarbage:
Don't be fooled! Abacha was directly responsible for running down Nigeria's refineries in order to introduce the idea of subsidy. It never existed before Abacha because Nigeria's 4 refineries were fully functional and could satisfy the domestic market needs.
What Nigerian governments have been subsidizing since 1994 is their own greed and incompetence. And now because of the devalued state of the Naira, they aren't making as much money as they used to, so they want to push the financial burden to the ordinary Nigerian.

Nigeria is the ONLY major oil production country that refines it's crude ABROAD. Saudi Arabia doesn't, Iraq doesn't, Russia doesn't, NOBODY ELSE DOES!

There's a reason why the state of Texas in the US which has a population of 30 million has 29 fully functional refineries, while Nigeria which has a population of 200 million can't boast of ONE!

[img]https


1. In the US , fuel has always been sold at market prices. There is a subsidy but it is for the poor. That's why the US has refineries. You can refine fuel there and sell it at a profit. No goverment controlled price, and no PPRA to monitor prices. Just fuel taxes.

2..Not surprised the refineries started falling under Abacha. Because in order to make it easier to make fuel cheap, the government skimped on maintenance costs

Something that eventually hit us badly.
Re: Buhari Opposed Removal Of Fuel Subsidy In 2011 by nedekid: 7:04pm On Nov 30, 2021
backbencher:
He did, and because of that, he got into power.

The simple fact is that, whoever proposes the removal of fuel subsidy is going to be opposed by millions if not most Nigerians. That is what happened in 1993, 2006/7 and even in 2012.

Buhari in 2012, had lost elections several times, and was looking for a means to get power in 2015. Opposing subsidy provided the means by which he could get into power. He played cunny man, opposed subsidy along with most Nigerians, and got elected. Now, having seen how subsidies impact the economy, he has woken up. Too bad he could not listen to the wise words of people like NOI or SLS back in 2012.

But he isn't the reason why GEJ was unable to remove subsidy completely. The reason is most Nigerians, including GEJ supporters, who opposed and marched against it. If GEJ had totally removed subsidy in 2012, he would have lost the 2015 election by an even wider margin...plus APC would have brought it back, and reversed the gains being made.

So we kept a bad programme , which enriched a lot of people illicitly and further decimated domestic petrol production, to say nothing of getting us into more debt. Anyway, subsides on kerosene, diesel and gas went...good thing.

It's the same reason why even people like Abacha never contemplated total subsidy removal.

The painful thing is that if we had removed the thing in 2012, by now we would have been enjoying the benefits , and we would have been over the worst. Plus we had higher oil prices in 2012, meaning that there would have been enough cash to pay the poor to help them prosper.

INFACT, the partial removal of subsidy GEJ did was used to pay for things like SURE P and some improvements in public transport (just as the partial removal of subsidy by Abacha paid for the PTF). things THAT could not be sustained when oil prices crashed in 2014.

Anyway, subsidy has to go. The oil income is falling, and it is becoming more difficult to sustain subsidies. Unless we pay taxes at rates of 50% of our income .
"removed the thing in 2012, by now we would have been enjoying the benefits , and we would have been over the worst"

Subsidy was removed last year when fuel went up to 165 per liter.
See, remove subsidy again and make fuel 350-400, the attendant inflation, the further fall against the naira will ensure government will tell you they are paying subsidy in the next 8 months!
They will tell you from the 400 they are paying 200 and so have to increase to 600.
Re: Buhari Opposed Removal Of Fuel Subsidy In 2011 by nedekid: 7:13pm On Nov 30, 2021
backbencher:


1. In the US , fuel has always been sold at market prices. There is a subsidy but it is for the poor. That's why the US has refineries. You can refine fuel there and sell it at a profit. No goverment controlled price, and no PPRA to monitor prices. Just fuel taxes.

2..Not surprised the refineries started falling under Abacha. Because in order to make it easier to make fuel cheap, the government skimped on maintenance costs

Something that eventually hit us badly.
Your second point is not correct. The refinaries were all ruined due to corruption and nothing else. Too many mouths chopping from there.
Non oil industry people, fronts to the abachas etc chopped the place to ruins.
Paddy paddy were doing turn around maintainance(Tam), Supplying catalyst etc.
Contractors will Settle workers to chook or out rightly remove a part. They will now issue lpo for inportation of the part from UK. After payment in fx, the same part will be returned or turned on as the case may be.
Re: Buhari Opposed Removal Of Fuel Subsidy In 2011 by Nobody: 7:27pm On Nov 30, 2021
nedekid:

Your second point is not correct. The refinaries were all ruined due to corruption and nothing else. Too many mouths chopping from there.
Non oil industry people, fronts to the abachas etc chopped the place to ruins.
Paddy paddy were doing turn around maintainance(Tam), Supplying catalyst etc.
Contractors will Settle workers to chook or out rightly remove a part. They will now issue lpo for inportation of the part from UK. After payment in fx, the same part will be returned or turned on as the case may be.

Corruption made possible by the subsidy regime

Since the subsidy meant that it did not matter whether the refineries made a profit or not, the losses would be made good with government revenues, all sorts of rubbish happened as you put it

Whereas if there was no subsidy, the refineries would have made profit due to higher prices ffor fuel and since massive corruption and sabotage would have harmed the bottom line,or the profits being made it won't have been allowed to happen.

Modified

The thing about subsides is that at the end of the day, refineries don't have to make a profit...since they are forced to operate at a loss anyway...subsidy will in theory cover their losses. That reduces incentive to be productive, and leaves the door open for corrupt practices to happen as you detailed.

Whereas , if there was no subsidy, and NNPC was made financially automonous..ie no free government money...the refineries would work by force, because if they allowed all the things you mentioned in your comment, the refineries would fail, and so also would NNPC.

Making a profit is a great incentive to work hard, and be as productive as possible. It's why the USA has a lot of refinereis...no price controls, no subsidy for everyone, so there is incentive to make profits. Bring in a subsidy, and price controls, and reduced profits, and selling at a loss, with the subsidy being paid covering the loss barely, and people would have no incentive to be productive.

It's why private companies do better than government companies in this country...if you are not productive in the private sector, you won't get money, and you won't get paid. So, you do all you can, including making sure everything works well..to make a profit. Government companies don't rely on profits made to fund themselves...all they rely on is government subventions...so they can do nothing or do littile or do their work...they would still be paid...plus they can sabotage, chop money, do corruption..and still get paid.
Re: Buhari Opposed Removal Of Fuel Subsidy In 2011 by GardenOfGod(m): 7:54pm On Nov 30, 2021
backbencher:
He did, and because of that, he got into power.

The simple fact is that, whoever proposes the removal of fuel subsidy is going to be opposed by millions if not most Nigerians. That is what happened in 1993, 2006/7 and even in 2012.

Buhari in 2012, had lost elections several times, and was looking for a means to get power in 2015. Opposing subsidy provided the means by which he could get into power. He played cunny man, opposed subsidy along with most Nigerians, and got elected. Now, having seen how subsidies impact the economy, he has woken up. Too bad he could not listen to the wise words of people like NOI or SLS back in 2012.

But he isn't the reason why GEJ was unable to remove subsidy . The reason is most Nigerians, including GEJ supporters, who opposed and marched against it. If GEJ had totally removed subsidy in 2012, he would have lost the 2015 election by an even wider margin...
why not create a new thread and save us your long sermon.
cheesy
Re: Buhari Opposed Removal Of Fuel Subsidy In 2011 by Nobody: 7:58pm On Nov 30, 2021
GardenOfGod:
why not create a new thread and save us your long sermon.
cheesy

You don't have to read my long sermon you know, because inviting birds to build nests in your head is an unhealthy habit..just let them fly by to Gibraltar, or Samarkand, or wherever.
Re: Buhari Opposed Removal Of Fuel Subsidy In 2011 by Agbegbaorogboye: 8:49pm On Nov 30, 2021
backbencher:
He did, and because of that, he got into power.

The simple fact is that, whoever proposes the removal of fuel subsidy is going to be opposed by millions if not most Nigerians. That is what happened in 1993, 2006/7 and even in 2012.

Buhari in 2012, had lost elections several times, and was looking for a means to get power in 2015. Opposing subsidy provided the means by which he could get into power. He played cunny man, opposed subsidy along with most Nigerians, and got elected. Now, having seen how subsidies impact the economy, he has woken up. Too bad he could not listen to the wise words of people like NOI or SLS back in 2012.

But he isn't the reason why GEJ was unable to remove subsidy completely. The reason is most Nigerians, including GEJ supporters, who opposed and marched against it. If GEJ had totally removed subsidy in 2012, he would have lost the 2015 election by an even wider margin...plus APC would have brought it back, and reversed the gains being made.

So we kept a bad programme , which enriched a lot of people illicitly and further decimated domestic petrol production, to say nothing of getting us into more debt. Anyway, subsides on kerosene, diesel and gas went...good thing.

It's the same reason why even people like Abacha never contemplated total subsidy removal.

The painful thing is that if we had removed the thing in 2012, by now we would have been enjoying the benefits , and we would have been over the worst. Plus we had higher oil prices in 2012, meaning that there would have been enough cash to pay the poor to help them prosper.

INFACT, the partial removal of subsidy GEJ did was used to pay for things like SURE P and some improvements in public transport (just as the partial removal of subsidy by Abacha paid for the PTF). things THAT could not be sustained when oil prices crashed in 2014.

Anyway, subsidy has to go. The oil income is falling, and it is becoming more difficult to sustain subsidies. Unless we pay taxes at rates of 50% of our income .

Have you ever heard the name Rehoboam? You should consider it in your next moniker
Re: Buhari Opposed Removal Of Fuel Subsidy In 2011 by LOVEGINO(m): 9:12pm On Nov 30, 2021
Eriokanmi:
I've not heard people say this in a very long time, are his supporters tired or what? grin
anybody body wey support baba now, don mad.
Re: Buhari Opposed Removal Of Fuel Subsidy In 2011 by slimanyd: 9:19pm On Nov 30, 2021
timefarm:

He carry them handicap.
grin grin grin
And go go

1 Like

Re: Buhari Opposed Removal Of Fuel Subsidy In 2011 by Rexymania(m): 9:28pm On Nov 30, 2021
Somehow, if you've seen Buhari, you have seen the devil



Rexwalters1:
So you know how the devil looks?
Re: Buhari Opposed Removal Of Fuel Subsidy In 2011 by hopepitex: 9:40pm On Nov 30, 2021
Our leaders na demian for 9ja

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