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Nairaland Forum / Nairaland / General / Politics / Fuel Subsidy Savings? Govt explains how the "savings" will be spent. (611 Views)
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Fuel Subsidy Savings? Govt explains how the "savings" will be spent. by VoodooDoll(m): 11:56pm On Jan 02, 2012 |
A link to a document circulating on Facebook re how the "savings" would be spent. I am not sure if this has already been circulated on Nairaland. I'm still reading it so can't comment yet. https://docs.google.com/viewer?a=v&pid=explorer&chrome=true&srcid=0B_VI3W_cAwMeNTljY2JmOWYtN2M4Yi00MGI0LWE2MTctYTUxMTM0ZDVkNDRm&hl=en_US If the link doesn't work, let me know. |
Re: Fuel Subsidy Savings? Govt explains how the "savings" will be spent. by VoodooDoll(m): 12:18am On Jan 03, 2012 |
Total annual "savings"= N1,134bn Beneficiaries are FG: N478bn States: N411bn LGA: N203bn Other: N42b Total:N1,134bn The reports lists out various projects, but I'm uncertain if these projects haven't already been accounted for and budgeted elsewhere. |
Re: Fuel Subsidy Savings? Govt explains how the "savings" will be spent. by koruji(m): 12:27am On Jan 03, 2012 |
This is nonsense - pure one. We know how this works - palliatives must be direct, significant and immediate. VoodooDoll: |
Re: Fuel Subsidy Savings? Govt explains how the "savings" will be spent. by VoodooDoll(m): 1:15am On Jan 03, 2012 |
Tis Voodoo economics . Projects that should have been met by the annual budgets are now magically subsidy projects. Benin-Ore road, Abuja light rail etc are all included. I shall reserve my comments for now but it's voodoo economics. There is soo much sharing going on and very little info on palliatives and shock absorbers. |
Re: Fuel Subsidy Savings? Govt explains how the "savings" will be spent. by Nobody: 1:30am On Jan 03, 2012 |
The fact of the matter is, if history has taught Nigerians anything it is how Govt after govt mismanage our revenue. I am of the opinion that no Govt in this country has any moral right to remove subsidy or increase taxes we have not exploited other avenues of making savings! How about the cost of govt itself and the cost of maintaining the NASS/Presidency. This is where any savings or austerity measures must begin from! |
Re: Fuel Subsidy Savings? Govt explains how the "savings" will be spent. by VoodooDoll(m): 2:13am On Jan 03, 2012 |
I'm yet to get a simple explanation on what comprises the fuel subsidy. Most of the stuff I read has a hint of conspiracy theory to it. Even Pat Utomi has kicked off on twitter and Facebook but still no clear explanation. The doc attached above is at best an outer layer for a Suya cover. |
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At Ur Peril Men! At Ur Peril / If I Were Jonathan / What Exactly Is Wrong With The Removal Of Fuel Subsidy?
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