VULCAN:

BigUps to youngmonie!
Its refrershing to come across somebody who can cut thru all the sentimental bull and use insight to understand whats going on! I have mentioned this same line of argument (offline)in respect to what happens when the subsidy is removed and was dumbfounded that peeps dont get it.

That the so called cartel will lose by the removal of subsidy is a half truth. Only the weakest members will lose out. All the big boys will benefit. Reason being that we will still be importing fuel and who do you think will get those contracts

What will happen now is that 10 or 11 of the biggest boys will get those contracts to import fuel with one major difference. They will no longer have to bribe the chaps in PPRA and PEF to collect the subsidy back. Now all they have to do is sell in the open market. At around N150 per litre. For those who wonder why the number will reduce isnt it obvious that when u actually have to sell your product and not sign fictitious figures with greedy government officials; then the real supply of fuel will reduce as if u calculate all the these 28 coys claim they are bringing in- it is more than enough for 200million people

This situation will persist for about three to four years while the same big boys are building their own refineries then the number will gradually reduce as their wont be much demand for imported fuel again. By the time if the masses have not revolted they will have accepted a form of economic slavery to the ruling classes.

I dont need to mention that armed robbery, kidnapping(especially kidnapping) will dramatically increase during this three year period. Kidnapping cos it is preferable to armed robbery by most criminally minded graduates as blood does not have to be spilt.

Guys its gonna be one heck of a ride! Put your helmets on.

digi101:

Like has been said there's nothing clinically wrong with importers collecting subsidy on fuel brought in, the Fraud that is being perpetrated using the inefficiency of the system that set it up and the chop and quench attitude of our politicians is the real issue.

1. Is NNPC telling us that all refineries in the country are still producing and they cant quantify the amount being produced?
2. If in fact no 1 is true what assurances are there that all this so called mushroom importers are simply not selling to us NNPC locally refined products?
3. If all this so called marketers had been forced to commit 10-20% of sales to the building of a local refinery since 2006 i wonder if the list would actually have increased.

If GEJ is serious what we need is a "HARD SYSTEM RESET" he should be MAN enough to press the button and damn the consequences QED

wealth123:

@sinachay
You are in the USA but reasoning like an illiterate. What has yoruba as a tribe got to do with oil subsidy? let us address issues without castigating or abusing one tribe or the other.

Please go and en-roll in an adult education class and get at least o level qualification before posting on NL

Mzsolex:

u be mumu, i wonder how old u are!

jason123:

Some people must have been short-changed when common sense was being handed to humanity. How can someone equate the removal of subsidy to a whole ethnic corruption?? Did they steal or buy the oil blocks?? Are they the one begging the government not to remove the subsidy or is it the people (masses)?? Whether subsidy is removed or not, these people will not be affected, FACT! It is us, the masses that will feel the pinch!
Subsidy should NOT be removed until our refineries are built! Oh Nigerians, do not be deceived by some foolish names!

sheyguy: let the drama begin, they shld tell us those behind these crimes in names anyone can front with company name, who r those GEJ is afraid of?