MEEVEET:
I don't understand what NNPC abi what's there new name is try to do actually?

You want to lie or use propaganda on IMF?

Your total petrol import is known to them
How much you paid for the petrol is Known to them
How much it cost to transport is known to them
How much you sale the petrol is known to them

You buy petrol plus landing cost of around 1100 ( yes that's the landing cost of petrol) ... You sale to marketers at 580
Taking a loss of 520 per litres... This is obvious to any smart person na

We have been saying it here

Yes o. SImple and short. There is a subsidy.

Melagros:
COMRADES, abeg make una leave tinubu alone, the man don cast, and confused, I'm pretty sure that Tinubu is regretting ever rigging election in Nigeria by now

Obi no know wetin God do for him.. If they didn’t ringed him out en.. Protest for don full everywhere and these same Apc thugs would have sabotaged his government to make it look like his clueless like their pay master..

Putindbutt:
IMF dey mad, the way they interfere in our affairs is crazy. Are they the one paying the subsidy on our behalf?. Ukraine and Gaza need loans but na African matter go kill them.

Ukraine is getting loans, and Gaza most likely would get a lot of aid.

We've gotten too much loans from IMF over the years...otherwise government won't have paid salaries for over one year at a time

Nigerian Federal Government....scammers of the century...

Greatconcept12:
If subsidy return and fuel price did not go back to 165/Liter. Then FG has scammed the enter citizen

If you want that kind of subsidy, your government would be spending over half, if not 70% of your budget on subsidy alone.

And to replace the money, government would borrow and borrow and borrow.

Landing cost of fuel is now N1000. To keep fuel at N165, government would need to spend N800 per liter at least in subsidy. Plus, fuel is above N1000 in many of our neighbours. That means smuggling...and that means consumption will go up to 90 Million liters per day. DO the math.

MEEVEET:
I don't understand what NNPC abi what's there new name is try to do actually?

You want to lie or use propaganda on IMF?

Your total petrol import is known to them
How much you paid for the petrol is Known to them
How much it cost to transport is known to them
How much you sale the petrol is known to them

You buy petrol plus landing cost of around 1100 ( yes that's the landing cost of petrol) ... You sale to marketers at 580
Taking a loss of 520 per litres... This is obvious to any smart person na

We have been saying it here

What do you suggest, should they still to selling the petrol at 1,100

Government of propaganda; a government built on lies and deceit can never stand the test of time

jmoore:
IMF knows how much foreign refineries sell their petrol.

NNPC should tell us the cost price of imported petrol.

The Nigerian media who are only good in copyiog and pasting are too lazy to contact a foreign refinery, try to import petrol and a proforma invoice will reveal the real cost.

the prices are not secret, diesel is always cheaper than petrol so a simple check at diesel price would give you an estimate on how much susbsidy is been paid

Food don ready for Obidient. They just want the country to collapse thinking that Mr Gbajue can become president and be hyping him just the way they are hyping OTi. Obi will never be president. Even if he align with Atiku. Atikulators will never sit at the back and let Obi be president. The north ha s.aready position themselves after 8 years of BAT. The more you you pull the country down the more Mr gbajue will.never president. After BaT 8 years we are ready to serve una Breakfast just the same.way you are doing. First do.no dey vex. I'm ready for una reply

This demonic fund will not leave Nigeria alone.

nairalanda1:


Ukraine is getting loans, and Gaza most likely would get a lot of aid.

We've gotten too much loans from IMF over the years...otherwise government won't have paid salaries for over one year at a time

Ukraine is getting aids and packages from US, which loan?. Gaza is getting aids too. let IMF grant them loans and dictate to them.

Putindbutt:
IMF dey mad, the way they interfere in our affairs is crazy. Are they the one paying the subsidy on our behalf?. Ukraine and Gaza need loans but na African matter go kill them.

.

If you be bank and give an individual loan for a specific project, won't you monitor the spending to ensure that it is in ligne with what they requested the loan for? Because if you no monitor and advise the individual periodically then he will use the loan waywardly and won't be able to reimburse the loan as agreed. So the IMF is monitoring the Nigerian economy so that them no go default on the loan they collected from the World Bank.

mactoni91:
Lol...

Tinubu has made history as the worst civilian president to ever rule Nigeria.

Buhari intentionally supported Tinubu so Nigerians would see him as a saint.

Bad leaders always support worse successors.

Buhari didn't want Tinubu.
He was the brain behind Ahmed Lawan candidacy at last minute to Garner Northern support when it was obvious El Rufai and co won't back down on supporting Tinubu.
Initially he refused to be attending Tinubu election campaigns even though his wife was. It was when people started to tongue lash him that he was being an ingrate after Tinubu supported him to win election two times that he reluctantly started attending . In his heart Buhari didn't want Tinubu.

Putindbutt:

Ukraine is getting aids and packages from US, which loan?. Gaza is getting aids too. let IMF grant them loans and dictate to them.

It's still a loan

IMF Is giving Ukraine loans. And yes, IMF will dictate to them

IMF Once gave the UK Loan, and yes IMF was dictating to them, which is why they paid the loan off quickly.

Ofunaofu:
"Subsidy is gone"--Bola A Tinubu. 29th May, 2023

With a dripping dirty pampas

Īf Nigeria has her own refineries all this issue about subsidy removal on petrol will not arise.
We sell crude oil to foreign refineries abroad at OPEC price in dollar and buy the refined products back with high foreign exchange at a costly price back with all forms of taxes.This is why fuel is costly.Imf cannot give good advice.

Putindbutt:
IMF dey mad, the way they interfere in our affairs is crazy. Are they the one paying the subsidy on our behalf?. Ukraine and Gaza need loans but na African matter go kill them.

They have a right to interfere because you always come back to them for loans.

Melagros:
COMRADES, abeg make una leave tinubu alone, the man don cast, and confused, I'm pretty sure that Tinubu is regretting ever rigging election in Nigeria by now

Lol funny creatures. Regret what exactly?

Someone that his having his best time of life and fill fulfilled by accomplishing his greatest mission on earth which is make more massive wealth and inflict excruciating pains on the forever green zombees.

Abeg.... Make them return subsidy....

Fuel don finish person money!

Putindbutt:
IMF dey mad, the way they interfere in our affairs is crazy. Are they the one paying the subsidy on our behalf?. Ukraine and Gaza need loans but na African matter go kill them.

Who blows the piper dictates the piper
Imf is our master cos they are the one borrowing us money.
So I don't blame Imf. We should stop. Borrowing from. Imf

Putindbutt:

This bitter obidient is still in campaign mode. Tinubu cannot make straight speech but the ones he has been making both home and abroad, na your papa dey make am for him.

The sweet bacterias are buying fuel for N100 a litter.

this should'nt have been removed...

It distabilized the economy. It caused inflated prices in the market...

now that they are paying subsidy, price of things still remains high...

Very dumb of APC

onatisi:
TINUBU HAS FINALLY FINALLY FINISHED THIS COUNTRY ,
I dont even know what is wrong with Nigerians, how can they believe that someone who is incoherent and cannot make a straight speech without losing it for some minutes will be able to direct the affairs and economy of this great nation the right way ??

Bro don't blame Nigerians ...blame manhood for the evil he meted on the citizens of this country.....he made the criminal the president not nigerians.

Chicagograduate:
Īf Nigeria has her own refineries all this issue about subsidy removal on petrol will not arise.
We sell crude oil to foreign refineries abroad at OPEC price in dollar and buy the refined products back with high foreign exchange at a costly price back with all forms of taxes.This is why fuel is costly.Imf cannot give good advice.

We can only have our own refinereis if we remove subsides completely and allow the market set the price of fuel...which would make refining profitable in Nigeria, and would make people go into refining since they can make a profit.

Plus banks and other financial institutions would be willing to lend any investor money to build refineries. SO that dangote does not have all the fun .

Leave this evil IMF people alone

Some people are insulting the IMF, have they asked themselves how much Nigeria borrows from the IMF, un, Christian fund, arab bank, eu, brics, asia bank, nato, private people, single countries, etc

but we have the useless mouth to talk about them when they are concerned about the chronic financial irresponsibility, that Nigeria exhibits on a yearly basis.

Truth be told, eBOLA and cohorts are BOLD FACED, CHRONIC, UNREPENTANT LIARS

A country been ruled by the most idiotic party in the world!

Bunch of balablus!

What an irony!

So, subsidy can still sneak after the initial grandstanding.

Government ought to have done a lot of background work before announcing the removal.

Paying subsidy after 400% increase in pump price.

Tinubu have destroyed Nigeria