Subsidy: "FG Borrowing To Import Fuel" - Zainab Ahmed - Politics (2) - Nairaland
Nairaland Forum / Nairaland / General / Politics / Subsidy: "FG Borrowing To Import Fuel" - Zainab Ahmed (8445 Views)
Subsidy: FG To Disburse 50,000 Naira Grants To Nigerians / NNPC Grants Dangote License To Import Fuel / Dangote Wants Only Refinery License Holders To Import Fuel (2) (3) (4)
| Re: Subsidy: "FG Borrowing To Import Fuel" - Zainab Ahmed by micchi(m): 11:40am On Jan 18, 2023 |
In a sane country this women won't even make it as community treasurer |
| Re: Subsidy: "FG Borrowing To Import Fuel" - Zainab Ahmed by Nobody: 11:43am On Jan 18, 2023 |
What kind of rubbish is this?? You borrow to import what you have in abundance back home?! What you can easily refine here to cut cost. Empty brain leaders 2 Likes |
| Re: Subsidy: "FG Borrowing To Import Fuel" - Zainab Ahmed by paix(m): 11:45am On Jan 18, 2023 |
Wow, Nigeria we hail thee. We borrow to import fuel, subsidise it and then smuggled to neighboring countries while we suffer acute shortage here. How do we even payback the loans? 2 Likes |
| Re: Subsidy: "FG Borrowing To Import Fuel" - Zainab Ahmed by nlreserve: 11:45am On Jan 18, 2023 |
kettykin:what Peter Obi call Borrowing for consumption 2 Likes |
| Re: Subsidy: "FG Borrowing To Import Fuel" - Zainab Ahmed by Primusinterpares(m): 11:48am On Jan 18, 2023 |
Who does that  ? Does it mean the whole FG nobody have sense or they just decide to keep mute over these things? |
| Re: Subsidy: "FG Borrowing To Import Fuel" - Zainab Ahmed by Germanjoe(m): 11:52am On Jan 18, 2023 |
A leopard � can't change its spots. Continue, we told guys dat this government will take Nigeria back to stone age. A vote � for APC is voting for backwardness. 2 Likes |
| Re: Subsidy: "FG Borrowing To Import Fuel" - Zainab Ahmed by Germanjoe(m): 11:52am On Jan 18, 2023 |
A leopard can't change its spots. Continue, we told guys dat this government will take Nigeria back to stone age. A vote for APC is voting for backwardness. 1 Like |
| Re: Subsidy: "FG Borrowing To Import Fuel" - Zainab Ahmed by Ancestortinubu: 11:52am On Jan 18, 2023 |
And some idiorts are preparing to vote the same set of failures and deceits in this administration. What appalling brainwashed supporters. |
| Re: Subsidy: "FG Borrowing To Import Fuel" - Zainab Ahmed by Heffalump(m): 11:53am On Jan 18, 2023 |
After reading this message from the finance minister, some useless people will still be contemplating to vote Tinubu, who wants to continue the legacity of this evil APC administration. I'll rather vote for a new style of government/ leadership in Nigeria. Fools will not understand. PO is the answer! |
| Re: Subsidy: "FG Borrowing To Import Fuel" - Zainab Ahmed by Temptee101(m): 11:57am On Jan 18, 2023 |
theantidote: And you leave Buhari wey appoint them 3 Likes |
| Re: Subsidy: "FG Borrowing To Import Fuel" - Zainab Ahmed by Madridstar(m): 12:00pm On Jan 18, 2023 |
We are buying fuel here #500 and government are still borrowing to pay for subsidy lol 3 Likes |
| Re: Subsidy: "FG Borrowing To Import Fuel" - Zainab Ahmed by Nobody: 12:01pm On Jan 18, 2023 |
FG cant borrow to rebuild refineries and some idiots are saying this woman is competent. 1 Like |
| Re: Subsidy: "FG Borrowing To Import Fuel" - Zainab Ahmed by Nobody: 12:02pm On Jan 18, 2023 |
micchi: its how chatam house wants it. |
| Re: Subsidy: "FG Borrowing To Import Fuel" - Zainab Ahmed by wencelaus: 12:12pm On Jan 18, 2023 |
Watch the devilish jagabanist avoid comments or still show their stupidity with their dumb responses. Wicked politicians. Any youth supporting APC nigeria will remain your eternal place of anguish. |
| Re: Subsidy: "FG Borrowing To Import Fuel" - Zainab Ahmed by FBIBOT(m): 12:15pm On Jan 18, 2023 |
The logic behind this process is demonic and unbelievable.... Why not borrow all this money and fix the refineries... This way you save cost and repay the loans at ease.... Nd loot if you want to... But no... |
| Re: Subsidy: "FG Borrowing To Import Fuel" - Zainab Ahmed by udomonday: 12:21pm On Jan 18, 2023 |
That is what you get when you give the job of a tailor to a carpenter. 1 Like |
| Re: Subsidy: "FG Borrowing To Import Fuel" - Zainab Ahmed by everythinggirly(f): 12:27pm On Jan 18, 2023 |
Country that can borrow goes to the one and only Nigeria  |
| Re: Subsidy: "FG Borrowing To Import Fuel" - Zainab Ahmed by Ogaga87(m): 12:42pm On Jan 18, 2023 |
Grgton: Red everything about this and have peace of mind.. Just type it on your browser We won't import fuel again bro Nigeria will be better
|
| Re: Subsidy: "FG Borrowing To Import Fuel" - Zainab Ahmed by Nobody: 12:47pm On Jan 18, 2023 |
Aint surprised that it has come to this. Like I always like saying here...for all those subsidy mad fans.... Either we pay for petrol at the pump or we will pay it at the world bank. What the Finance minister is saying is stating the obvious. We are paying the market price of fuel at the world bank. But anytime I come here to say subsidy must go...somehow I am a Buhari supporter. Well, see what Buhari is ending up doing by keeping subsidy....he is paying the market price on our behalf at the World Bank. Subsidy must go. If Obi, Atiku and TInubu are agreed on one thing, if SLS whose economics degrees are more than anything that I know has been hammering on this, if NOI who is a global economic expert is saying it...whom am i to disagree. Remove the subsidy and let the market sell at the price...or the next government would even borrow more to pay for imports AND subsidise fuel, AND fund our entire budget. 1 Like |
| Re: Subsidy: "FG Borrowing To Import Fuel" - Zainab Ahmed by Nobody: 12:51pm On Jan 18, 2023 |
Ogaga87:funny enough how you guys reason!! Cement was monopolized by federal government to Dangote;. What is the price of cement now Now he's building refinary for who?? So he can wake-up one day and call it 800 a liter?? 2 Likes |
| Re: Subsidy: "FG Borrowing To Import Fuel" - Zainab Ahmed by bigwig10(m): 12:55pm On Jan 18, 2023 |
They cant borrow to fix refinery and make it work at maximum capacity,but can borrow to import cos of the fraud involve,this goverment and pple involved in it are all disaster.... 1 Like |
| Re: Subsidy: "FG Borrowing To Import Fuel" - Zainab Ahmed by Nobody: 1:01pm On Jan 18, 2023 |
Grgton: Dangote does not run a monopoly on cement...BUA, lafarge, and at least one other player dey. You do not live in a country where you MUST buy dangote cement. As for the refinery, remember anytime we say that subsidy must go, and you guys come and tell us that we are oppressors? Well, the fact is, because subsidy has not gone yet, no one wants to come in and invest in refinery, and sell fuel at a loss from that refinery because subsidy. Even Dangote that is building that refinery.....if he is forced to sell fuel at N180 per liter....that refinery would look like the run down NNPC refineries in ten years. |
| Re: Subsidy: "FG Borrowing To Import Fuel" - Zainab Ahmed by jaytee01(m): 1:04pm On Jan 18, 2023 |
Chiefwhip001: 1 Like
|
| Re: Subsidy: "FG Borrowing To Import Fuel" - Zainab Ahmed by Nobody: 1:04pm On Jan 18, 2023 |
bigwig10: Because people wey dey borrow for projects like refineries want to see their money back. And since government insists on refining fuel above N250 and selling it at N180, there would be no profit to pay the people giving the loans back their money...so no one is going to invest in refineries...for government Dangote took loans to build his refinery...and the people who gave him the loans gave him because they know that if he defaults, they can liquidate the collateral he used for the loans. They cannot do that with gofment. Finally if we had removed subsidy in 1993, or even 2012, by now NNPC would have had profit to build refinery without loan taking anyway. |
| Re: Subsidy: "FG Borrowing To Import Fuel" - Zainab Ahmed by Ogaga87(m): 1:09pm On Jan 18, 2023 |
Grgton: The collapse of the naira is a circle that runs through every facet of the society.. Before this collapse, cement was around 1500, same way when the naira rebound, it will drop again.. The refinery, federal government has a stake of 20% which gives it an influential position to regulate some of the activities.. We would have this discussion sometime again when everything start to manifest.. Just read through that headline.. Till then, I'm fully Obidient.. |
| Re: Subsidy: "FG Borrowing To Import Fuel" - Zainab Ahmed by chrisxxx(m): 1:20pm On Jan 18, 2023 |
One question no one has asked any of these criminals. Everyday NNPC puts aside 445000 barrels of crude oil to be refined for local consumption please what has been happening to it? If that is sold what to add as subsidy of petroleum product will be minimal. No one seems to be asking question. 1 Like |
| Re: Subsidy: "FG Borrowing To Import Fuel" - Zainab Ahmed by GeneralDae: 1:26pm On Jan 18, 2023 |
agadez007:But Obi also promised to continue from where Buhari stopped during his recent speech in Chattam House. He said he would continue with the Siemens deal. |
| Re: Subsidy: "FG Borrowing To Import Fuel" - Zainab Ahmed by correctguy101(m): 1:30pm On Jan 18, 2023 |
Realists: It's not rocket science, yet no one seems to notice this or they're simply ignoring the cure of fuel problem. I don tire for Nigeria. Even the entire ports in the country except Lagos are paralyzed.. The problems are simple, we just need to generate more than our expenditure, and fixing these two problems first will put the country on that path.. Wetin I know sef, 1 Like |
| Re: Subsidy: "FG Borrowing To Import Fuel" - Zainab Ahmed by Babastrong(m): 1:36pm On Jan 18, 2023 |
[quote author=agadez007 post=120146461]Tinubu said he will continue where buahri stop That should be the number one red flag[ is peter going to continue from where abacha stop?] |
| Re: Subsidy: "FG Borrowing To Import Fuel" - Zainab Ahmed by IbeOkehie: 1:37pm On Jan 18, 2023 |
Kobonaire2023: But it's not just fuel subsidy though it's the most glaring part of the system. There's also university subsidy, electricity subsidy, forex subsidy, pilgrimage subsidy, rice subsidy, maize subsidy. The extent of the subsidy and price regulation system in Nigeria is shocking, only people don't care to look into it. If fuel subsidy is abolished, the graft, theft and corruption will shift to another part of the system. What I'm trying to say is, the Nigerian economic system needs a complete reset. ALL subsidies and price regulation must be scrapped or Nigeria will NEVER become a developed country. That's the simple fact of the matter. The problem is systemic and cultural so I expect Nigerians will fight against ANY PRESIDENT who tries to do the needful. So the future is very predictable. Good Luck to Nigerians. 3 Likes 2 Shares |
| Re: Subsidy: "FG Borrowing To Import Fuel" - Zainab Ahmed by Nobody: 1:43pm On Jan 18, 2023 |
Ogaga87:who cares if you are obsidient or not?? It's Dangote refinary not Federal government corporation. If the govt own 20% as you claim, then 80% to Dangote; now who has better control Fuel will sell for 800 Soon, same way cement sells for 5000 prior to when it's been sold @1500 |
| Re: Subsidy: "FG Borrowing To Import Fuel" - Zainab Ahmed by RichAbujaGuy: 1:45pm On Jan 18, 2023 |
Very few citizens know that colonial master company Royal Dutch Shell is part of the NNPC and has offices and staffs right there in the HQ building in Abuja. They probably pay off (bribe) NASS members to not disturb the status quo system in place, and thus far have been too powerful for any FG administration to checkmate since 1960. They keep the Naija refineries bleeped up and have so far secretly delayed the Dangote refinery project. |
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