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Osinbajo Panel To Meet NLC Over Subsidy Removal, Transport Palliative - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Osinbajo Panel To Meet NLC Over Subsidy Removal, Transport Palliative (12318 Views)

NNPCL, Marketers Clash Over Subsidy, Operators Peg Petrol At N1,200/litre / President Tinubu Meets Oil Marketers Over Subsidy Removal / President Tinubu Meets With Falana In Aso Rock Over Subsidy Removal, Economy (2) (3) (4)

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Re: Osinbajo Panel To Meet NLC Over Subsidy Removal, Transport Palliative by Inspirer1: 6:15am On Jan 06, 2022
backbencher:
The fact is, we should have removed this subsidy in 2012 when we had the money to pay all the palliatives we wanted

But many Nigerians, including APC opposed the move because politics

Now APC is taking a decision that should have been taken ten years ago, and if we had taken it ten years ago by now we would have ha refineries,jobs, more income and more investment and we would have been exporting refined product by the ton.

Anyway,subsidy has to go,but APC should know that they goofed up in 2012
Re: Osinbajo Panel To Meet NLC Over Subsidy Removal, Transport Palliative by Uchesis: 6:18am On Jan 06, 2022
BigSarah:
Buhari 3rd term
Insha Allah
Do u look like Sarah baartman? I'll like to meet u
Re: Osinbajo Panel To Meet NLC Over Subsidy Removal, Transport Palliative by Yankee101: 6:22am On Jan 06, 2022
They obviously don't want you to become president
Re: Osinbajo Panel To Meet NLC Over Subsidy Removal, Transport Palliative by Brushstrokes20: 6:36am On Jan 06, 2022
, The self serving, noise making pastorpreneur should Fvck the hell of! angry

Satanic govt of self serving THIEVES AND BLOODTHIRSTY TERRORISTS! undecided

2 Likes 1 Share

Re: Osinbajo Panel To Meet NLC Over Subsidy Removal, Transport Palliative by Nobody: 6:36am On Jan 06, 2022
ALLNIGERIANSMAD:
you know why Nigeria can never get better? Some people will still never agree with your comment because larger population of Nigerians are made up of mad people
Many Nigerians are out of their goddamned minds.

1 Like 1 Share

Re: Osinbajo Panel To Meet NLC Over Subsidy Removal, Transport Palliative by Brushstrokes20: 6:40am On Jan 06, 2022
This fake as Bleep pastorpreneur is always sent on dirty jobs!

2 Likes 1 Share

Re: Osinbajo Panel To Meet NLC Over Subsidy Removal, Transport Palliative by duality(m): 6:43am On Jan 06, 2022
So which subsidy was removed before


I've still not got answer to that question.

This games are used for price increase

1 Like 1 Share

Re: Osinbajo Panel To Meet NLC Over Subsidy Removal, Transport Palliative by Nobody: 6:46am On Jan 06, 2022
Brushstrokes20:
This fake as Bleep pastorpreneur is always sent on dirty jobs!
Looks to me like he's sending himself. He has deluded himself into thinking he's a starboy, the messiah. Lmfao angry it's an injustice that APC/PDP rule this country beyond 2023.

1 Like

Re: Osinbajo Panel To Meet NLC Over Subsidy Removal, Transport Palliative by nnamdi640: 6:47am On Jan 06, 2022
All this Fulanis get sense, now that they want to do a dirty deal, they are sending the VP as a scape goat to do the work for them so that less eye will be on him. This Ewu called vp with all his degrees including his PhD can't read meaning to what they are about to do to him. See as a certificate less man want to use this man brain.

3 Likes 1 Share

Re: Osinbajo Panel To Meet NLC Over Subsidy Removal, Transport Palliative by Brushstrokes20: 6:51am On Jan 06, 2022
trailblazar:

Looks to me like he's sending himself. He has deluded himself into thinking he's a starboy, the messiah. Lmfao angry it's an injustice that APC/PDP rule this country beyond 2023.
I think you're spot on! His delusion of grandeur seems next to none!... The fact that he sees himself as a pastor disgusts me beyond words.

4 Likes 1 Share

Re: Osinbajo Panel To Meet NLC Over Subsidy Removal, Transport Palliative by Ijaya123: 6:51am On Jan 06, 2022
Is it only transport that the subsidy removal will affect?

1 Like 1 Share

Re: Osinbajo Panel To Meet NLC Over Subsidy Removal, Transport Palliative by okefranci: 6:55am On Jan 06, 2022
I am speechless
Re: Osinbajo Panel To Meet NLC Over Subsidy Removal, Transport Palliative by cooljude(m): 6:56am On Jan 06, 2022
They shouldn't put any useless palliative..... Leave the subsidy.

1 Like 1 Share

Re: Osinbajo Panel To Meet NLC Over Subsidy Removal, Transport Palliative by lexy2014: 6:59am On Jan 06, 2022
TheRareGem1:
There is never a better time to remove subsidy however, this proposed N5,000 for transport palliative is small considering the present economy situation in the country and I hope the VP find a level playing ground to make happy both parties.

Businesses and homes run on fuel because of the epileptic power supply which your paymasters promised to fix. Inflation at an all time high with unemployment being it's partner. Incomes have remained fixed since 2015. Exchange rate keeps increasing which affects a whole of things, multiple taxation by your paymasters and u say "There is never a better time to remove subsidy".

What exactly are u expecting saint osinbajo to do? Isn't he part of the mess that I just outlined above? How do u want him to solve a problem he participated in creating?

2 Likes 1 Share

Re: Osinbajo Panel To Meet NLC Over Subsidy Removal, Transport Palliative by EniObanKeAde: 7:09am On Jan 06, 2022
Moferere:
Count me in on any protest against fuel price increase.

This government will understand the meaning of UNRULY when we start.

#EndSarsNow will be like child's play



Enough is Enough

3 Likes 1 Share

Re: Osinbajo Panel To Meet NLC Over Subsidy Removal, Transport Palliative by otokx(m): 7:09am On Jan 06, 2022
Trouble they sleep, rat go wake am.

1 Like 1 Share

Re: Osinbajo Panel To Meet NLC Over Subsidy Removal, Transport Palliative by AreaGovo: 7:11am On Jan 06, 2022
A child who says his mother will not sleep, he too will not sleep. Is like these people don't have ears or eyes to hear and see what is going on in the country. In this kind of economy where people are seriously suffering, they still want to hike price of fuel by tripling the amount? May be the aftermath of #EndSARS protest didn't teach them any lesson. Who knows? May be they like seeing the country in chaos.

1 Like 1 Share

Re: Osinbajo Panel To Meet NLC Over Subsidy Removal, Transport Palliative by condralbedez: 7:16am On Jan 06, 2022
Vulturebbqgrills will not comment on this one,if it's about unnecessary issues,he will be everywhere on the thread spewing Rubbish......

2 Likes 1 Share

Re: Osinbajo Panel To Meet NLC Over Subsidy Removal, Transport Palliative by michoim(m): 7:17am On Jan 06, 2022
Transport palliatives doesn't WORK in Nigeria. It's little or no effect . He who has an ear let him hear
Re: Osinbajo Panel To Meet NLC Over Subsidy Removal, Transport Palliative by Enyimbamercedes: 7:18am On Jan 06, 2022
The palliatives make no sense ! You cannot spend 2.4 trillion on allowances to the poor in place of a subsidy that costs a little over a 1 trillion.

Both are fraudulent but the 2.4 trillion is grand theft!

2 Likes 1 Share

Re: Osinbajo Panel To Meet NLC Over Subsidy Removal, Transport Palliative by crackhouse(m): 7:20am On Jan 06, 2022
Can somebody remind these people that theory is totally different from practical. Who's giving them these theoretical analysis on gains of removing fuel subsidy that's making them to consider this? Things may be perfect when planned theoretically but achieving it practically might not come out as planned.

5 Likes 3 Shares

Re: Osinbajo Panel To Meet NLC Over Subsidy Removal, Transport Palliative by everythinggirly(f): 7:20am On Jan 06, 2022
Okay... We should have known better.

1 Like 2 Shares

Re: Osinbajo Panel To Meet NLC Over Subsidy Removal, Transport Palliative by israelmao(m): 7:21am On Jan 06, 2022
Why Buhari keeps removing what he once said it was not there?Hypocrisy at its peak.

2 Likes 2 Shares

Re: Osinbajo Panel To Meet NLC Over Subsidy Removal, Transport Palliative by crackhouse(m): 7:22am On Jan 06, 2022
This is what happens when a cattle rearer and a lawyer is allowed to spearhead the affairs a nation.

2 Likes 1 Share

Re: Osinbajo Panel To Meet NLC Over Subsidy Removal, Transport Palliative by kissdabride: 7:22am On Jan 06, 2022
Echoban:


Uncle Jonathan GEJ sold fuel for #140. Stop giving us ill info to suit ur stereotype bitter mind.
GEJ leave office with fuel price @#86 per litre,get your fact right don't be dumb because you are supporting clueless mannaquin

3 Likes 1 Share

Re: Osinbajo Panel To Meet NLC Over Subsidy Removal, Transport Palliative by AreaGovo: 7:28am On Jan 06, 2022
backbencher:
The fact is, we should have removed this subsidy in 2012 when we had the money to pay all the palliatives we wanted

But many Nigerians, including APC opposed the move because politics

Now APC is taking a decision that should have been taken ten years ago, and if we had taken it ten years ago by now we would have ha refineries,jobs, more income and more investment and we would have been exporting refined product by the ton.

Anyway,subsidy has to go,but APC should know that they goofed up in 2012

Stories. How many times have the successive government not removed subsidy in this country? From the days of Obasanjo to Jonathan and the rest. Even if Jonathan was allowed, this evil and clueless government would have still want to remove their own.

2 Likes 1 Share

Re: Osinbajo Panel To Meet NLC Over Subsidy Removal, Transport Palliative by Dja1(m): 7:30am On Jan 06, 2022
Oshibanjo will make a better president
Re: Osinbajo Panel To Meet NLC Over Subsidy Removal, Transport Palliative by MISSCONGENIALITY(f): 7:31am On Jan 06, 2022
Why can't they save the palliative and use it to subsidise the fuel? What's the sense in removing subsidy and then giving transport palliative if they are not trying to scam us. Who and who will get the palliative?
We know what happened to covid19 palliative.

5 Likes 2 Shares

Re: Osinbajo Panel To Meet NLC Over Subsidy Removal, Transport Palliative by slimghost(m): 7:33am On Jan 06, 2022
You want to remove subsidy and then pay 5,000 that would equal or surpass the subsidy amount?.
God will punish everybody that voted for this disaster in 2019.
It will not be well with you!

5 Likes 2 Shares

Re: Osinbajo Panel To Meet NLC Over Subsidy Removal, Transport Palliative by Nobody: 7:35am On Jan 06, 2022
AreaGovo:


Stories. How many times have the successive government not removed subsidy in this country? From the days of Obasanjo to Jonathan and the rest. Even if Jonathan was allowed, this evil and clueless government would have still want to remove their own.

Partial subsdy removal is what has been happening since at least 1981...when fuel cost 15 kobo and was raised to 45 kobo

The thing is , subsidy is the money paid to the petroleum sector to cover the loss that results from them selling fuel at a price below the production cost of the fuel per liter....a price forced on them by government by the way.

Part of the money also goes to the transport sector to keep transporting the fuel costs down.

Problem with subsidy is the cost of production. It never stays at one level. It always rises because oil workers want to be paid higher salaries...from the drillers to the processors, and also because maintenance costs rise as well, as do transport costs, and costs of upgrades.

We destroyed our refinereis by refusing to pay those costs , meaning NNPC could not afford to upgrade and maintain refinereis (what they are doing in PH and Warri is something that should have been done in decades). Salaries were paid directly out of the oil revenue, not from NNPC earnings, because NNPC has been running at a loss

Thus we ended up importing and importing fuel..as at 2011 we imported 80% of our fuel used here. THat added a lot more costs, and thus more subsides.

From time to time, government reduces the amount of money spent on subsidy, which manifests as a price increase. That is what they mean by subsidy removal...which in reality is partial subsidy removal.

It's also why fuel does not cost 15 kobo like it did 41 years ago.

2 Likes

Re: Osinbajo Panel To Meet NLC Over Subsidy Removal, Transport Palliative by fineboynl(m): 7:49am On Jan 06, 2022
It's just the last year if his administration. And he want to collect loan? IMF gave condition for that loan, COVID vaccination and subsidy remover. Loan to do what exactly? To steal of course. Why not just leave it and finish your last year in peace.

2 Likes 1 Share

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