nedubrazil111:
Please come 2023 let’s all keep our differences aside and vote for the right and suitable person for the job.

MadamVanessa:





Non born of a woman is as useless as Buhari. Destroying our economy and planning to retire to his dilapidated Daura kingdom to massage his 150 cows that has refused to multiply.

nedubrazil111:
Please come 2023 let’s all keep our differences aside and vote for the right and suitable person for the job.

tayo4ng:
Subsidy is a scam, where is the fuel paying for wat we didn't use

JosephXavier:
R

MadamVanessa:





Non born of a woman is as useless as Buhari. Destroying our economy and planning to retire to his dilapidated Daura kingdom to massage his 150 cows that has refused to multiply.

BeeBeeOoh:


https://punchng.com/well-deduct-n242-53bn-fuel-subsidy-from-faac-this-month-nnpc/

Rugaria:
Thieves!
Which subsidy? From FAAC? Mustthe rest f us bear the consequences of your avaricious greed!?
These tribal mutants are busy finding inventive ways to loot the resources available to the rest of the country just to build up their homeland in Niger republic..

uncleck:
This era of "oil boom" should be a blessing to oil producing countries. But the reverse is the case with Nigeria. After all the change campaign, Buhari could not renovate a single refinery let alone build a new one. The little gain from high oil prices will still be wiped out with subsidy.

But who will help Nigeria? God? Tinubu? Atiku? Wike? Rochas? Umahi? Osibanjo? The answer is:



















None of them.

nedubrazil111:
Please come 2023 let’s all keep our differences aside and vote for the right and suitable person for the job.

pepericozi:
Wickedness of the highest order.

FG has more than N242b but refused to attend to ASUU's demand which is not up to N20b

.

nedubrazil111:
Please come 2023 let’s all keep our differences aside and vote for the right and suitable person for the job.

nedubrazil111:
Please come 2023 let’s all keep our differences aside and vote for the right and suitable person for the job.

musicwriter:
It means subsidy would still be paid but it would just be called FAAC withdraw. There'll be no genuine subsidy removal unless and until the FG eat the loss and continue to get any revenue from taxes which have already been increased on everything, then the subsidy removal could be a big fraud. Unless the government eat the loss, there's no subsidy removal yet. If Nigerians fall for this, it means we're very stupid people.

PrudencyFeats:
No problem.

But it will have to be deducted in proportion or ratio to allocations to FG, states and LG

That is fair sharing

Cognitivereason:


Read well na...
There is nothing like subsidy removal..what NNPC is simply saying is that...it the cost of subsidies has surpass it revenue..hence they couldn't remit 1 kobo to the federation account.. Meaning that if they have to continue this way...they will need to get money for external sources... In this case..they wanna tap from States through their allocations...

The final solution is to end subsidies and allow gasoline sell for N400 or more

musicwriter:


Already rephrased my post. But unless petrol sells for whatever and there's no more "withdraw" from any account, then the subsidy removal is a fraud. I am speaking from economic standpoint.

Taigaban:
Wow! Wonders shall never end. There was no fuel for people to buy during this period. So which subsidy are you talking about. This administration has remove subsidy more than once and yet there is still subsidy. Where are our professors, Economist and theorist. I don't think this kind of Economic model exist anywhere. Very sad the future is doom.

Cognitivereason:


Exactly..
Petrol isn't selling for whatever price it should sell according to rise and fall of crude oil price...
Hence there will be withdrawals...
Except it sells for the normal price which is N400+ per litre...den NNPC will have not business withdrawing from FAAC or using it own revenue...
But will Nigerians gree