Hi

Greedy people will never allow this country to work. Something has be done about that useless NNPC.

You think a CEO of an oil company will be flippant?

Its simple, if you really think about it. How is it possible that petrol at N1900 is same price at N1100 when petrol is still imported?

helinues:
Claimed with no substantiation.

Hahaha, see clowns.

How much debt have we serviced?

How much have we borrowed?

All this hullabaloo is all about how Naira has been able to grain strength without government backing.

Emefiele was briefly questioned and released to give revelations about some important things.

Make una continue to dey beside the river bank and be waiting for the blinking of a crab

You're missing the point. Nigerians are pointing out the deceit by govt. How can you say you're not paying subsidy when infact you're?

Godfullsam:
Nigeria and Nigerians are very difficult to govern.

You remove subsidy, they complain.


You reintroduce subsidy, they still complain.

helinues:
Claimed with no substantiation.

Hahaha, see clowns.

How much debt have we serviced?

How much have we borrowed?

All this hullabaloo is all about how Naira has been able to grain strength without government backing.

Emefiele was briefly questioned and released to give revelations about some important things.

Make una continue to dey beside the river bank and be waiting for the blinking of a crab

Oil marketers are telling you something you should know you way no be anybody de talk lies. Your brain have been used.

Subsidy.....the great and mysterious scam that nobody really knows the exact amount it gobbles every month!
Whatever is written is what is deducted,

We keep asking....why won't our refineries work? Why merry go round with our crude oil and create jobs out of the country? They tell us to pay me and go along with the program!

Why is subsidy a scam?
When Nigeria sends out these crude oil...some of the best in the world ....the refineries abroad agree to refine it, send the basic pms and similar fuel and keep the rest, which is even more valuable than petrol and diesel combined! Nigeria doesn't pay to refine these products, think about it carefully, if the government really subsidizes fuel, what would be the point of oil theft since it costs so much to refine? Especially since you have to bribe a lot of people for passage and papers!

The only truth that has come out of Buhari's mouth is "who is subsidizing who" the country is subsidizing a few corrupt people, instead of dismantling this racket, we are told to pay even more for what friggin flows out of the dang ground! Even oil bunkerers create similar fuel to Nigerian fuel with very very crude assemblies! That shows refining is VERY basic science!!!

Godfullsam:
Nigeria and Nigerians are very difficult to govern.

You remove subsidy, they complain.


You reintroduce subsidy, they still complain.

That's not true. Nigerians only want accountability from their leaders. Propaganda and half truths are the hallmarks of this administration.
Thinubu have imported his chequered life history into governance.. tufiakwa!

Fake Age
Fake secondary school
Fake university certificate
Fake paternity
Fake origin
Fake achievements
Add yours..

ItisWell22:
Subsidy is back, in essence, though madam SA says it may be intermittent.

How are they even funding it since it was not budgeted for?

helinues:
Claimed with no substantiation.

Hahaha, see clowns.

How much debt have we serviced?

How much have we borrowed?

All this hullabaloo is all about how Naira has been able to grain strength without government backing.

Emefiele was briefly questioned and released to give revelations about some important things.

Make una continue to dey beside the river bank and be waiting for the blinking of a crab

You think you are smart, but you simply remind me of the proverbial phoenix.

Imagine calling Ogbechie a clown. Someone you are not fit to even lace his shoes.

BeardedMeat:
You think you are smart, but you simply remind me of the proverbial phoenix.

Imagine calling Ogbechie a clown. Someone you are not fit to even lace his shoes.

Nobody is claiming to be smart here. Dispute what I wrote above without blabbing

helinues:


Nobody is claiming to be smart here. Dispute what I wrote above without blabbing

I should dispute the senselessness in your post? Why? Knowing fully well that most times you just love the sound of your own voice.
What was your offer when Hell Rufai said the same thing days ago? Naira gaining strength when our foreign reserve is almost gone?
Nonsense!

Lizzysamuel:
Industry key player and CEO of Rainoil Limited, Gabriel Ogbechie, has claimed that the federal government has resumed the payment of the controversial fuel subsidy following the devaluation of the Naira in the foreign exchange market.

Ogbechie made this statement on Tuesday during the Stanbic IBTC Energy and Infrastructure Breakfast Session held in Lagos.

He pointed out that with Nigeria’s daily fuel usage at 40 million liters and the foreign exchange rate at N1,300, the government’s subsidy per liter of fuel falls between N400 and N500, culminating in a monthly total of approximately N600 billion.


“When Mr. President came May last year, one of the things he said is that Subsidy is gone. And truly subsidy was gone because immediately the price of fuel moved from 200 to 500 per liter. At that point truly, subsidy was gone.


“During that period, Dollar was exchanging for N460, but a few weeks later, the government devalued the exchange rate. And Dollar moved to about N750. At that point, subsidy was beginning to come back.

“The moment the two markets officially closed, officially the market went to about N1,300. At that point, that conversation was out of the window. Subsidy was fully back on petrol. If you want to know where petrol should be, just look at where diesel is. Diesel is about N1,300 and petrol is still selling for N600.

“So I can tell you for free that there there is at least N400 or N500 liters subsidy on petrol today. If you look at our daily consumption, say 40 million liters, and we’re spending N500 per liter, that is about N20 billion every day, N600 billion every month and 7.2 trillion yearly depending on how we look at it. So, subsidy is definitely back on petrol,” he said.

Furthermore, he said that NNPC being the only petrol importer in the country implies that there is an ongoing subsidy, as prices had to be fixed.

“And if you look at it, NNPC remains the sole importer of petrol in this country because there is subsidy on petrol so the price has to be pegged,” he added.

What you should know
Recently, the idea of reinstatement of fuel subsidy has been a contentious topic in public discourse, with several observers maintaining that the federal government has restarted the subsidy on petrol since its removal on May 29, 2023.

Earlier yesterday, the former governor of Kaduna State, Nasir El Rufai, said the federal government is spending more on petrol subsidy than before.

In addition, the Special Adviser to the President on Energy, Mrs. Olu Veŕheijen, said that the Federal Government reserves the right to pay fuel subsidy intermittently to cushion hardship in the country.

“The subsidy was removed on May 29. However, the government has the prerogative to maintain price stability to address social unrest. They reserve the right to intervene.
“If the government feels that it cannot continue to allow prices to fluctuate due to high inflation and exchange rates, the government reserves the right to intervene intermittently and that, does not negate the fact that subsidy has been removed,” she said.
On its part, however, NNPC has insisted that no subsidy is paid to its account from the federal government.

Addressing the issue in August 2023, the GCEO of the oil firm, Mele Kyari, stated that the company is only recovering the cost of import, adding that the federal government hasn’t paid a subsidy since May.

“I told you there’s no subsidy whatsoever, we are recovering our full cost from the products that we import. We sell to the market, we understand why the marketers are unable to import. We hope that they do this very quickly and these are some of the interventions the government is doing. There is no subsidy.” Kyari said.

https://nairametrics.com/2024/04/16/fg-now-pays-about-n600-billion-monthly-for-fuel-subsidy-rainoil-ceo-ogbechie/

funny pple,there are shifting goal post,from naira will trade @ 5000 to subsidy return

helinues:
Claimed with no substantiation.

Hahaha, see clowns.

How much debt have we serviced?

How much have we borrowed?

All this hullabaloo is all about how Naira has been able to grain strength without government backing.

Emefiele was briefly questioned and released to give revelations about some important things.

Make una continue to dey beside the river bank and be waiting for the blinking of a crab

Nairaland don really give you mouth

Lizzysamuel:
Dear Agbadorians,

Sychophancy isn't same as Patriotism.

Stop confusing yourself with the two.

As a patriot, you should always demand for accountability from your leaders and not move like sheep

Asking for accountability is one thing acting like hooligans like Obidients is another.

helinues:
Claimed with no substantiation.

Hahaha, see clowns.

How much debt have we serviced?

How much have we borrowed?

All this hullabaloo is all about how Naira has been able to grain strength without government backing.

Emefiele was briefly questioned and released to give revelations about some important things.

Make una continue to dey beside the river bank and be waiting for the blinking of a crab

Sorry but you usually sound like a noisy musical instrument.

helinues:


Nobody is claiming to be smart here. Dispute what I wrote above without blabbing

Oh my goodness

You are still jobless?

Lie kill you and the federal govt. Bloody thieves

Godfullsam:
Nigeria and Nigerians are very difficult to govern.

You remove subsidy, they complain.


You reintroduce subsidy, they still complain.

Yoruba Muslim
Everyone will not be foolish ok, you support rubbish thinking that is your Kingsman just continue, let's see where this rubbish will lead you guys

Wayo people don run us yahoo, this government nah real gamblers

Tinubu is a monumental fraud

Lizzysamuel:


Stop saying nonsense.

The government is lying and you want the masses to continue being lied too?

We are paying subsidy and fuel is still over 600.

Must you guys always reason low?

can you pay 1,300 naira per litre?

Go and sit down please. Its like you are the miscreant on duty today.

helinues:


Thank you for the commendation.

So as Muslim Muslim ticket, infact Shettima precisely suggestion came before any person on Nigeria social media. Baba n la record.

Follow those who sabi road, cos if you wan dey do eti kunkun, you go get lost

this guy you too hempty and I don't know you and Daffy duck which get sense pass e be like sey na Daffy duck..... Gradually gradually you are running ma**d

nlreserve:
How much debt have we serviced?

Debt Management Office
Dmo.gov.ng

Carry your wahala there.

Next!

Godfullsam:
Nigeria and Nigerians are very difficult to govern.

You remove subsidy, they complain.


You reintroduce subsidy, they still complain.

As far as Nigeria is concerned it's very difficult to remove subsidy unless we produce enough fuel domestically. Nobody is complaining subsidy being reintroduced, it's just the deceit from the government most people are worried about. They simply used subsidy for campaign to get into power.

That show they care....

People like you are the main reason government will do anyhow and some citizens will still support them. So you believe naira is gaining by itself? I am ashamed of you, what about the dollars the cbn is selling to BDCs at a subsidised rate, Our foreign reserves have been depleted more than 5% since they started in March and I don't know how long they can sustain it.

helinues:
Claimed with no substantiation.

Hahaha, see clowns.

How much debt have we serviced?

How much have we borrowed?

All this hullabaloo is all about how Naira has been able to grain strength without government backing.

Emefiele was briefly questioned and released to give revelations about some important things.

Make una continue to dey beside the river bank and be waiting for the blinking of a crab

BeardedMeat:
I should dispute the senselessness in your post? Why? Knowing fully well that most times you just love the sound of your own voice.
What was your offer when Hell Rufai said the same thing days ago? Naira gaining strength when our foreign reserve is almost gone?
Nonsense!

Noise maker, is it your money?
Can you pay 1300 per litre?

Go and rest. Keyboard warrior

At this point we see it's not about proclaiming subsidy is gone. But to look at the real reason of subsidy and find a solution.

Haaland21:


Noise maker, is it your money?
Can you pay 1300 per litre?

Go and rest. Keyboard warrior

No it's your father's money.

Clown

Naira gained. They are crying that Naira gains are artificial.
Now, they are crying that subsidy is being paid.

Those people will never stop crying. It is their portion in life.

Godfullsam:
Nigeria and Nigerians are very difficult to govern.

You remove subsidy, they complain.


You reintroduce subsidy, they still complain.

When was subsidy reintroduced?
The president hasn't announced it like he announced on his swearing in day na

It is, of course, true

The problem is governments are too scared to remove subsidy because Nigerians prefer fuel to be cheap

Infact, if tinubu were to reduce fuel prices to 30naira per liter, he would be hailed as a hero.

Tinubu is making a big mistake paying for subsidies. More debt, more loss of forex