Wao

Hhmm

just Wow


wittyness

ok, so you have removed subsidy, but we owe subsidy and must therefore pay for subsidy
this administration will favor me and my family.

I know there was nothing like subsdy

God have mercy!

Fraud PLC

The more you look, the less you see😁

Where is the top defender, Nairalanda1?!!

No subsidy was paid, yet they have been subsidizing Fuel!

When I say that until Corruption is tackled starting from the top to all sectors, no policy will work, y'all think I'm blabbing!


Buddha3, Lexy2014, Vinniejones, CSTRR,... Una dey see una leaders?!!

They will feed hungry and mentally-deficient Nigerians Propaganda upon Propaganda till they drop dead in the streets!

Agbadonomics again. So the so called money to be possibly saved in subsidy will be used to pay back the debt owed NNPCL since August 2016.


So NO citizen should expect any subsidy gain till further notice.

The thieving endless cycle

Hshhs

They have come again. So where was all the money going to?

See another washout this corrupt NNPC officials wants to make.....
So this new administration will now cough out over 400bn from 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023 (8yrs ) ...400bn x 8yrs =

This country should better sit up..enuf of this corruption!

nairalanda1:


In 2016, Buhari made NNPC the sole importer of fuel.(to cut subsidy costs, as before there were many importers, including marketers).

That meant that NNPC was importing fuel at a certain price and selling to market below that price. (As at 2022 Aug, NNPC was bringing in fuel at N391, and market price was around N186)

At the end of the day, NNPC loses money from doing that, so government pays them a subsidy...or compensation for that.

As for whether there was looting...that;s for an audit to answer.

stop peddling falsehood. It was crude swap. Crude volume was adjusted to compensate for petrol.

This talk no clear at all

APC are nothing but thieves ...

43Ronin:
ok, so you have removed subsidy, but we owe subsidy and must therefore pay for subsidy
this administration will favor me and my family.

It will surely 'favor' every single Nigerian, and keep 'favoring' them all till their thick religious and tribalistic skulls have sense!

Subsidy is referred to as 'Under recovery' by Buhari administration

Angelfrost:
Where is the top defender, Nairalanda1?!!

No subsidy was paid, yet they have been subsidizing Fuel!

When I say that until Corruption is tackled starting from the top to all sectors, no policy will work, y'all think I'm blabbing!


Buddha3, Lexy2014, Vinniejones, CSTRR,... Una dey see una leaders?!!

They will feed hungry and mentally-deficient Nigerians Propaganda upon Propaganda till they drop dead in the streets!

I read through the thread before it hit the front page, but I was too shell-shocked to even find the words to comment.

Like, if the government hasn't paid subsidy to marketers since 2016, then what in God's name has Buhari been using all the loans for? I thought they've consistently claimed that the Fulani failure took loans to pay subsidy?

This is a total deviation from the picture they've painted in the last 8years. I no even sabi wetin to talk again!

aikyg:
They have come again. So where was all the money going to?

Una go just dey ask questions like spoonfed infants!

Where else would the money go if not the accounts of these elite leaders including the one currently leading the nation?!! Lol!

Buddha3:


I read through the thread before it hit the front page, but I was too shell-shocked to even find the words to comment.

Like, if the government hasn't paid subsidy to marketers since 2016, then what in God's name has Buhari been using all the loans for? I thought they've consistently claimed that the Fulani failure took loans to pay subsidy?

This is a total deviation from the picture they've painted in the last 8years. I no even sabi wetin to talk again!

These people (APC and PDP, especially APC) have no remorse or human pity!

Look at the people imbeciles defend on Nairaland and other social media spaces...!

They have looted the nation dry, then gone on to borrow more money in the name of the citizens to further loot!

That's why I quoted that subsidy defender who is in every thread defending Tinubu's policies.

So all the so-called "subsidy funds" we have been able to "save" would be paid back to NNPC for outstanding subsidy payments and we would still be owing abi? Otilor!

There should be a thorough forensic audit of NNPCL.. then again Mele Kyari should be sacked n replaced with a suitable person as soon as possible..

nairalanda1:
Since 2016, NNPC has been selling fuel to the market at a price lower than that of the cost of bringing it into the country.

The market then sells it at a price above the NNPC sale price, which is fixed by government

Government then pays NNPC to compensate it for the losses it sustains selling fuel to market below import cost/landing cost

That is what Mele Kyari means.

So which people were alleged to be benefiting from what was termed Fuel Subsidy Scam?

Politics in Nija is knowing how to steal, tell lies, kill and use court to stop the voice of the people.

After reading the title, I opened this thread knowing that 90% of the readers wouldn't understand the report.

Hate has beclouded so many people that they can read or reason right.
The story is that NNPC is buying high but selling cheaper to Marketers instead of paying them Cash as obtained pre 2016.

Reelz:
There should be a thorough forensic audit of NNPCL.. then again Mele Kyari should be sacked n replaced with a suitable person as soon as possible..

This one is speaking grammar!!!

You want thieves to sack thieves, then appoint more suitable thieves...

...And you want a thorough forensic audit to be done by whom?! Angel Gabriel??!


Reality Check sir....! A nation being led by crooks will never become developed or better for the citizens!

This is not Pessimism!

Angelfrost:


These people (APC and PDP, especially APC) have no remorse or human pity!

Look at the people imbeciles defend on Nairaland and other social media spaces...!

They have looted the nation dry, then gone on to borrow more money in the name of the citizens to further loot!

That's why I quoted that subsidy defender who is in every thread defending Tinubu's policies.

Omoh!

For the first time in a decent while, I lack words to express on an issue.

Jesus is Lawd!!