circus:

I stay in ilorin,and it is true a policeman was killed but it is totally false that he was the one that shot the dead protester.but it is tense here with the police people are really prepared for them and then the boy that was killed came from a very strong household in ilorin "idi ape" so I think its not going to end here

The family should re-mobilize and attack.If this turns violent,then jonathan will know that his recent policy is anti-people .

@op. Why do u like posting unconfirmed news? U did same yesterday with d story that Dr. Ngozi threatened to resign.
Its not good for your reputation.
Thnx

I think i understand Al harem and jason's confusion your confusion was orchestrated by Ruben Abiati and GEJ by proxy.
How many of you have researched on this subsidy issue before taking a stand?There are more misnomers than facts surrounding this subsidy brouhaha.

First, the Govt said the economy will collapse, ridiculous indeedsecondly, the Govt said oil importers are a 'cabal', nearly fell off my seat.

Fellow Nigerians, there are no cabals, in 2009 the scarcity of petroleum products became intense and the Govt admitted that Nnpc through its subsidiary PPMC has failed Nigerians by their inability to meet up with the supply of pet. Products and that phenomenon gave rise to licensing of some people to 'assist' the Nnpc in doing their job for which they are paid for.

Please don't forget that hitherto, Nnpc has been doing the importation and refining themselves before corruption eroded their common sense.These importers went abroad and came back with a price Nnpc is already aware of comprising of logistics, storage and administrative costs, these were quantified before they arrived at a price.
The FG now fixed a price tag of 65naira on Pms and agreed to be reimbursing the importers the balance not oblivious of the fact that the landing cost is higher than the stipulated price

To my greatest chagrin, the Jonathan’s administration woke up and termed them 'cabals' who are fleecing the nation.Assuming Ruben Abiati goes abroad to buy a TM underwear for 1k and decides to sell it 1.5k adding purchase price  plus logistics plus profit and the Govt tells him to sell at 900 naira, wont he ask for the 600naira balance? 

When the incompetent NNPC agrees to reimburse him, then he has become a cabal stealing from the GOvt?

Are we this docile? If Nnpc lived up to their responsibility, we won’t have need for the importers in the first place.

There is no doubt that the subsidy regime is met with corrupt practices, is it not the responsibility of the govt to clamp down on those malfeasance?

The only solution that came to the minds of this disgruntled PDP administration is to remove subsidy into-to not minding its inflationary consequences.

This is the si1liest approach any human being with brain if they have one can summon.

Thirdly,

Jonathan insulted the intelligence of Nigerians telling us  that we don't benefit from this subsidy except for the importers and he had the unbridled temerity to be advertising it on NTA saying the rich are getting richer.
This people are demons.

When Ruben abiati's mother goes to the market to buy vegetable at a price, does he not know that the seller included cost of transportation to that price?
So when the transporter buys PMS @ 65naira and fixes his price based on that, he says his mother did not benefit from the subsidy that guaranteed the price in the first place?
In generator driven economy like ours?It is either Ruben Abiati and his employers are drunks or they think that Nigerians are m0rons.

I feel sorry for people that think that competition will crash the deregulated price erroneously juxtaposing it with GSM.
Do you know that the price of crude being the raw material for refined pet. Products are sold at the same price in the whole world?

If you agree to this, then, even if you deregulate and license 5million importers the product will still be expensive because crude itself is expensive. You will still need to subsidize it to 65naira. Exactly why deregulation of diesel in part did not work.
The only reason you have not bought diesel @ 200naira is because there are so many illegal refineries who bunker crude, settle JTF and refine diesel at a lower price.

This people still pose a great threat to the importers who buy at a higher price that is why you get diesel @ 140naira elsewhere but in the delta i buy as low as 70naira.At this verge you will not over rule the fact that these unscrupulous elements contribute to the availability of diesel, if you are in doubt, anywhere you see cheap diesel, ask the dealer the source of his consignment If he is honest he will tell you the truth, when i was told, i took an hr 20mins boat ride to a remote village in the delta between Belema and Kola communities and i saw the local refinery myself.

I will post the pictures later.Conduct a chemical test on those cheap diesels if you are not convinced and you will realize a lot of additives are missing.Sounds incredible but those are the realities on ground.You now know why many importers in the delta hardly have diesel.

I still feel sorry for those who think the Govt should build more refineries, that will not solve the problem either because there is no cheap crude to supply these refineries.

The oil production of Nigeria stands at 2.37 million barrels of crude daily. Nigeria get this crude in a JV (joint venture) with IOC's (international oil companies) and the Nigeria's cut stand btw 55% to 60% of the lot, if we go by 60% thenThat gives a total of 1.4m barrels daily.If we average the crude price from 2009 till date, the price falls close to 100usd/bbl.
In that case, Nigeria makes 140,000,000usd daily from this JV.
Nigeria has a policy called DSO (domestic supply obligation) which mandates 250,000bbl/d of this crude to be refined and consumed locally,In monetary terms, the Nigerian govt is giving us 25,000,000usd worth of crude to refine.Our three refineries at optimum capacity utilizes 450,000bbl/d which gives 45,000,000usd in monetary terms in other words, the price of raw material in this case, crude, accrued to our refineries comes at 45m usd per day, if you add refining cost and profit of 6usd per bbl,
The total cost becomes 270,000,000usd per day.There is no way you can refine that crude at that price and sell it 65naira/l and make profit.

Meanwhile, once we mark out that 45m usd worth of crude for our refineries (assuming they are working at optimum capacity), the govt has already lost 45m usd from their 140m usd daily earnings (which will affect budget implementation) and after refining will still spend more money to subsidize it to 65naira/l

With this analogy, you will agree with me that if all our refineries are working optimally, the govt will spend 3times our present day subsidy to bring the pump price down to 65naira/l.

So, for those of you clamoring for refineries should be careful what you wish for because there is no cheap crude for you to refine.I have argued abinitio that the sales of other derivatives of crude will bring down the cost of most sort PMS,DPK etc but after doing some feasibility studies, i realized i was dead wrong.

I further argued that to make cheaper crude available for our refineries, the Govt should reduce the price at which it is supplied unfortunately, the senate mandated the then GMD of Nnpc that the DSO must be sold at international crude price.

This i believe was proposed for the following reasons:

1 the refineries are working below capacity so what the heck does Nnpc use the crude for?

2, there is a benchmark on crude price for budget implementation.With these reasons, any existing or yet to exist refinery in Nigeria will get crude at a high price and must need subsidy to sell at 65naira/l, at this cross road, the then GMD of Nnpc decided that all crude should be exported and subsidy be paid on imported products.

Guess he was left with no choice.At this verge, i must reiterate here that competition amongst importers will only crash the profit margin but not cost price.

Even if every Nigerian becomes an importer of pet. Prods, we can never change the fact that crude in the int l market is already expensive before thinking of refined prod.

So we must need subsidy to make profit.Before this issue of subsidizing petroleum products can be addressed,You must have the following at the back of your minds:

1, Nigeria pegs a benchmark on crude prices to enable it implement budget. This stands at 75usd/bbl. And this crude is sort from the JV.

2, if crude price exceed the benchmark above, Nigeria makes excess crude revenue (ECR)

3, conversely, if we make excess crude revenue, the price of subsidy on refined products shoot up.With the above analogy,
One can argue that the ECR be used to subsidize imported petroleum products since both are a function of each other unfortunately in Nigeria, it comes with its own challenges.By law, the constitution clearly states that

"all revenue accrued to the FG be shared amongst the three tiers of Govt".

This alone makes it illegal for the FG to keep the ECR to itself for whatever reason.This is where the wahala started, during GEJ's campaign, he astronomically increased workers salary without consulting the state Governors,most Governors have refused to pay on the grounds that they cannot afford it.
On that grounds Taraba, jigawa and some other states have a genuine case.

With the above development, the states started scrambling for funds and remembered the ECR and insisted it must be shared to enable them pay the new wage and develop infrastructures.

The FG had no choice but to capitulateWith this development, the FG is left with little or no choice.The way forward:In the short run:While the FG is consulting, they must consider these options,

1,  identify and tackle the corruption prevalent in the subsidy regime. That will push down the cost of the subsidy in the first place.Like i said in April, no matter how sincere GEJ think his administration is, he cannot make any reasonable progress in the face of corruption,

2, the power projects must come upstream before removing subsidy, this will reduce the demand on pet. Products to a very great extent.

3, Nigeria must accommodate Gas export, port duties and other forms of revenue in their budget implementation policies

.4,  Govt must never invest an extra kobo in our moribund refineries, by doing otherwise, the cost price of the refineries will rise to an extent that it will no longer be attractive to investors or will prolong their repayment plan.Thereby making it very capital intensive.

5, Instead of deceiving Nigerians with their cabal bullshit and deluding them that they don't benefit from this subsidy, the FG should channel that propaganda with intense lobbying to the senate,NLC and civil society organizations to stop the state governors from demanding for the ECR, this can be achieved by the FG asking the state to pay whatever increment they can afford for the workers that way the ECR will be used for subsidizing pet. Products.

In the long run:

1 Nigeria must seek local production capacity.It is no longer news that Nnpc and its subsidiaries have failed woefully in meeting the needs of the Nigerian people.Nnpc through its subsidiary Npdc and Ngc are saddled with the responsibility of the above for oil and gas production respectively,

but as i write, the current production of NPDC stands at a paltry 90,000bbl/day which is a huge failure for an agency set up 23yrs ago,The IOC's has made us believe that it will cost less than 12usd to extract 1bbl of our oil.

The Management of NPDC must be reshuffled and if possible experts brought in on contract basis to improve NPDC's productionThese experts must be placed on targets appraised by milestones. in ogoni land for instance, Anglo dutch has a lot of abandoned production facilities and marginal wells and others scattered all over the country,

these can be bought by NPDC with the money FG want to waste on refineries to improve production,If NPDC can extract oil at 12usd/bbl and make a little profit, with this cheap oil available,

Nigeria will have no reason going to the JV. This cheap crude will attract investors to build refineries and create jobs,A 250,000bbl/d refinery will cost a little above 5b usd, dangote alone can afford two of those only if NPDC can guarantee cheap oil. This is why no investor is coming to build refineries.

A crude price of 18usd/bbl from NPDC will guarantee pump price of less than 22naira per litre of pms from these refineries.With this plan,

By the end of this Administration, NPDC will have robust production capacity and the refineries will guarantee steady refined products.

These refineries shouldn't be operated by the Govt for any reason.The FG will generate revenue from both ends, export of crude and export refined products and the production of NPDC must be increasing periodically.Once the above takes effect, there won’t be any need to be paying subsidy because pump price will be around 23naira/l and inflation will reduce by 40‰.

Now, how competent is Allison Madueke and iweala if they can’t figure this out?

To think of removing subsidy at this stage where there is no electricity and high corruption rate will be tantamount to economic suicide.

Please if the both of you want a trial and error approach to economic solutions please try the next country or preferably Haiti.

What iweala forgot is that in the face of inflation the cost of running Govt projects will be high, All Govt contractors will definitely come back for contract variations or Abandon those projects.

As a sound economist, she should tell Nigerians the value of 1.3 trillion naira ( she intends to save on subsidy removal) in the face of 60% inflation and how many projects Nigerians will benefit from the subsidy removal.

If you remove subsidy and the money disappears, then it is a NO NO for Nigerians

I think i understand Al harem and jason's confusion your confusion was orchestrated by Ruben Abiati and GEJ by proxy.
How many of you have researched on this subsidy issue before taking a stand?There are more misnomers than facts surrounding this subsidy brouhaha.

First, the Govt said the economy will collapse, ridiculous indeedsecondly, the Govt said oil importers are a 'cabal', nearly fell off my seat.

Fellow Nigerians, there are no cabals, in 2009 the scarcity of petroleum products became intense and the Govt admitted that Nnpc through its subsidiary PPMC has failed Nigerians by their inability to meet up with the supply of pet. Products and that phenomenon gave rise to licensing of some people to 'assist' the Nnpc in doing their job for which they are paid for.

Please don't forget that hitherto, Nnpc has been doing the importation and refining themselves before corruption eroded their common sense.These importers went abroad and came back with a price Nnpc is already aware of comprising of logistics, storage and administrative costs, these were quantified before they arrived at a price.
The FG now fixed a price tag of 65naira on Pms and agreed to be reimbursing the importers the balance not oblivious of the fact that the landing cost is higher than the stipulated price

To my greatest chagrin, the Jonathan’s administration woke up and termed them 'cabals' who are fleecing the nation.Assuming Ruben Abiati goes abroad to buy a TM underwear for 1k and decides to sell it 1.5k adding purchase price  plus logistics plus profit and the Govt tells him to sell at 900 naira, wont he ask for the 600naira balance? 

When the incompetent NNPC agrees to reimburse him, then he has become a cabal stealing from the GOvt?

Are we this docile? If Nnpc lived up to their responsibility, we won’t have need for the importers in the first place.

There is no doubt that the subsidy regime is met with corrupt practices, is it not the responsibility of the govt to clamp down on those malfeasance?

The only solution that came to the minds of this disgruntled PDP administration is to remove subsidy into-to not minding its inflationary consequences.

This is the si1liest approach any human being with brain if they have one can summon.

Thirdly,

Jonathan insulted the intelligence of Nigerians telling us  that we don't benefit from this subsidy except for the importers and he had the unbridled temerity to be advertising it on NTA saying the rich are getting richer.
This people are demons.

When Ruben abiati's mother goes to the market to buy vegetable at a price, does he not know that the seller included cost of transportation to that price?
So when the transporter buys PMS @ 65naira and fixes his price based on that, he says his mother did not benefit from the subsidy that guaranteed the price in the first place?
In generator driven economy like ours?It is either Ruben Abiati and his employers are drunks or they think that Nigerians are m0rons.

I feel sorry for people that think that competition will crash the deregulated price erroneously juxtaposing it with GSM.
Do you know that the price of crude being the raw material for refined pet. Products are sold at the same price in the whole world?

If you agree to this, then, even if you deregulate and license 5million importers the product will still be expensive because crude itself is expensive. You will still need to subsidize it to 65naira. Exactly why deregulation of diesel in part did not work.
The only reason you have not bought diesel @ 200naira is because there are so many illegal refineries who bunker crude, settle JTF and refine diesel at a lower price.

This people still pose a great threat to the importers who buy at a higher price that is why you get diesel @ 140naira elsewhere but in the delta i buy as low as 70naira.At this verge you will not over rule the fact that these unscrupulous elements contribute to the availability of diesel, if you are in doubt, anywhere you see cheap diesel, ask the dealer the source of his consignment If he is honest he will tell you the truth, when i was told, i took an hr 20mins boat ride to a remote village in the delta between Belema and Kola communities and i saw the local refinery myself.

I will post the pictures later.Conduct a chemical test on those cheap diesels if you are not convinced and you will realize a lot of additives are missing.Sounds incredible but those are the realities on ground.You now know why many importers in the delta hardly have diesel.

I still feel sorry for those who think the Govt should build more refineries, that will not solve the problem either because there is no cheap crude to supply these refineries.

The oil production of Nigeria stands at 2.37 million barrels of crude daily. Nigeria get this crude in a JV (joint venture) with IOC's (international oil companies) and the Nigeria's cut stand btw 55% to 60% of the lot, if we go by 60% thenThat gives a total of 1.4m barrels daily.If we average the crude price from 2009 till date, the price falls close to 100usd/bbl.
In that case, Nigeria makes 140,000,000usd daily from this JV.
Nigeria has a policy called DSO (domestic supply obligation) which mandates 250,000bbl/d of this crude to be refined and consumed locally,In monetary terms, the Nigerian govt is giving us 25,000,000usd worth of crude to refine.Our three refineries at optimum capacity utilizes 450,000bbl/d which gives 45,000,000usd in monetary terms in other words, the price of raw material in this case, crude, accrued to our refineries comes at 45m usd per day, if you add refining cost and profit of 6usd per bbl,
The total cost becomes 270,000,000usd per day.There is no way you can refine that crude at that price and sell it 65naira/l and make profit.

Meanwhile, once we mark out that 45m usd worth of crude for our refineries (assuming they are working at optimum capacity), the govt has already lost 45m usd from their 140m usd daily earnings (which will affect budget implementation) and after refining will still spend more money to subsidize it to 65naira/l

With this analogy, you will agree with me that if all our refineries are working optimally, the govt will spend 3times our present day subsidy to bring the pump price down to 65naira/l.

So, for those of you clamoring for refineries should be careful what you wish for because there is no cheap crude for you to refine.I have argued abinitio that the sales of other derivatives of crude will bring down the cost of most sort PMS,DPK etc but after doing some feasibility studies, i realized i was dead wrong.

I further argued that to make cheaper crude available for our refineries, the Govt should reduce the price at which it is supplied unfortunately, the senate mandated the then GMD of Nnpc that the DSO must be sold at international crude price.

This i believe was proposed for the following reasons:

1 the refineries are working below capacity so what the heck does Nnpc use the crude for?

2, there is a benchmark on crude price for budget implementation.With these reasons, any existing or yet to exist refinery in Nigeria will get crude at a high price and must need subsidy to sell at 65naira/l, at this cross road, the then GMD of Nnpc decided that all crude should be exported and subsidy be paid on imported products.

Guess he was left with no choice.At this verge, i must reiterate here that competition amongst importers will only crash the profit margin but not cost price.

Even if every Nigerian becomes an importer of pet. Prods, we can never change the fact that crude in the int l market is already expensive before thinking of refined prod.

So we must need subsidy to make profit.Before this issue of subsidizing petroleum products can be addressed,You must have the following at the back of your minds:

1, Nigeria pegs a benchmark on crude prices to enable it implement budget. This stands at 75usd/bbl. And this crude is sort from the JV.

2, if crude price exceed the benchmark above, Nigeria makes excess crude revenue (ECR)

3, conversely, if we make excess crude revenue, the price of subsidy on refined products shoot up.With the above analogy,
One can argue that the ECR be used to subsidize imported petroleum products since both are a function of each other unfortunately in Nigeria, it comes with its own challenges.By law, the constitution clearly states that

"all revenue accrued to the FG be shared amongst the three tiers of Govt".

This alone makes it illegal for the FG to keep the ECR to itself for whatever reason.This is where the wahala started, during GEJ's campaign, he astronomically increased workers salary without consulting the state Governors,most Governors have refused to pay on the grounds that they cannot afford it.
On that grounds Taraba, jigawa and some other states have a genuine case.

With the above development, the states started scrambling for funds and remembered the ECR and insisted it must be shared to enable them pay the new wage and develop infrastructures.

The FG had no choice but to capitulateWith this development, the FG is left with little or no choice.The way forward:In the short run:While the FG is consulting, they must consider these options,

1,  identify and tackle the corruption prevalent in the subsidy regime. That will push down the cost of the subsidy in the first place.Like i said in April, no matter how sincere GEJ think his administration is, he cannot make any reasonable progress in the face of corruption,

2, the power projects must come upstream before removing subsidy, this will reduce the demand on pet. Products to a very great extent.

3, Nigeria must accommodate Gas export, port duties and other forms of revenue in their budget implementation policies

.4,  Govt must never invest an extra kobo in our moribund refineries, by doing otherwise, the cost price of the refineries will rise to an extent that it will no longer be attractive to investors or will prolong their repayment plan.Thereby making it very capital intensive.

5, Instead of deceiving Nigerians with their cabal bullshit and deluding them that they don't benefit from this subsidy, the FG should channel that propaganda with intense lobbying to the senate,NLC and civil society organizations to stop the state governors from demanding for the ECR, this can be achieved by the FG asking the state to pay whatever increment they can afford for the workers that way the ECR will be used for subsidizing pet. Products.

In the long run:

1 Nigeria must seek local production capacity.It is no longer news that Nnpc and its subsidiaries have failed woefully in meeting the needs of the Nigerian people.Nnpc through its subsidiary Npdc and Ngc are saddled with the responsibility of the above for oil and gas production respectively,

but as i write, the current production of NPDC stands at a paltry 90,000bbl/day which is a huge failure for an agency set up 23yrs ago,The IOC's has made us believe that it will cost less than 12usd to extract 1bbl of our oil.

The Management of NPDC must be reshuffled and if possible experts brought in on contract basis to improve NPDC's productionThese experts must be placed on targets appraised by milestones. in ogoni land for instance, Anglo dutch has a lot of abandoned production facilities and marginal wells and others scattered all over the country,

these can be bought by NPDC with the money FG want to waste on refineries to improve production,If NPDC can extract oil at 12usd/bbl and make a little profit, with this cheap oil available,

Nigeria will have no reason going to the JV. This cheap crude will attract investors to build refineries and create jobs,A 250,000bbl/d refinery will cost a little above 5b usd, dangote alone can afford two of those only if NPDC can guarantee cheap oil. This is why no investor is coming to build refineries.

A crude price of 18usd/bbl from NPDC will guarantee pump price of less than 22naira per litre of pms from these refineries.With this plan,

By the end of this Administration, NPDC will have robust production capacity and the refineries will guarantee steady refined products.

These refineries shouldn't be operated by the Govt for any reason.The FG will generate revenue from both ends, export of crude and export refined products and the production of NPDC must be increasing periodically.Once the above takes effect, there won’t be any need to be paying subsidy because pump price will be around 23naira/l and inflation will reduce by 40‰.

Now, how competent is Allison Madueke and iweala if they can’t figure this out?

To think of removing subsidy at this stage where there is no electricity and high corruption rate will be tantamount to economic suicide.

Please if the both of you want a trial and error approach to economic solutions please try the next country or preferably Haiti.

What iweala forgot is that in the face of inflation the cost of running Govt projects will be high, All Govt contractors will definitely come back for contract variations or Abandon those projects.

As a sound economist, she should tell Nigerians the value of 1.3 trillion naira ( she intends to save on subsidy removal) in the face of 60% inflation and how many projects Nigerians will benefit from the subsidy removal.

If you remove subsidy and the money disappears, then it is a NO NO for Nigerians

Anoda big fat lie, so ani police killed now was mustapha's killer, get ur facts ryt man!

megawax8:

Anoda big fat lie, so ani police killed now was mustapha's killer, get your facts ryt man!

Funkymallam:

@op. Why do u like posting unconfirmed news? U did same yesterday with d story that Dr. Ngozi threatened to resign.
Its not good for your reputation.
Thnx

freepeople:

source pls.

no wahala,    we are waiting

>2hrs later, yet we are still waiting

I wonder o.

There is no limit to Alj_harem's idiocy?

It seems like we have way too many clowns in Nigeria or may be you missed the rumour part ?

abeg go siddon

This is definitely the season of rumour.

So people are still protesting subsidy ? What a waste,

LeoMax:

So people are still protesting subsidy ? What a waste,

I am sorry sir but WE ARE REPEATING THE SAME THING AND STILL YOU HAVE DECIDED NOT TO LISTEN

What is removal of subsidy when there are no refineries ?

@coninse

If you are in employment don’t go In case you get stranded. Is too risky to go to Naija right now, jobs in hard to come back in Europe.

AM LOVING THIS DRAMA, AN OLD PROTESTER IN BENIN SAID THAT ALL JONA TALK NA OBUBUYAYA,
the interesting thing about this whloe thing is that most of the beneficiary of subsidise sponsors PDP including JONA 's presidency, most of them are national awardee, including the recent one , how then can he jail them  . the office of madam aso rock receives a huge payment and all they do is hold etiquette conference,

@alj harem

You too is not listening to our argument the president do not want to start building refineries before removal of subsidy because the fifth column will frustrate that projects, billions will be wasted like OBJ 16 billion power sector project. In a nutshell the president is doing what he can control. He is prepared to take insults because he not coming in 2015 to beg for votes. He is the one that can do that right now. Have you seen the vice president lately he will be begging for vote 2015 so he doesn't want to be seen making the hard choices which is although good for the country not vote wining idea.

jmaine:

Them say . .them say again . . . desperate times . . .

desperate time for what or does this relate to GEJ or fuel subsidy ?

alj_harem:

It seems like we have way too many clowns in Nigeria or may be you missed the rumour part ?

abeg go siddon

You are an emeritus f[i]o[/i]ol that believes he's a clever chap.

BTW, you are worse than politician you criticize.

Imagine this daft, peabrained id!ot that refuses to take correction.

Shameless ignoramus that cares less about his reputation

@expert555


Maybe they have ordered them not to accept any bribe that are Below 500 naira , lol

expert555:

@alj harem

You too is not listening to our argument the president do not want to start building refineries before removal of subsidy because the fifth column will frustrate that projects, billions will be wasted like OBJ 16 billion power sector project. In a nutshell the president is doing what he can control. He is prepared to take insults because he not coming in 2015 to beg for votes. He is the one that can do that right now. Have you seen the vice president lately he will be begging for vote 2015 so he doesn't want to be seen making the hard choices which is although good for the country not vote wining idea.

I see your point, Now listen to my points

1. 90 % of the protesters are pro-GEJ thus this is not about OUR president but the policies

2. To stop benefit smugglers of fuel, do you think the best thing to do is to either  a) close the borders   or   b) remove subsidy ? Please answer.

3. The government since 2010 has not showed any improvement of production in any sector of our economy, is it the same government that would all of a sudden us the money from subsidy right ?

4. Why is the government giving us wrong values ? Based on what Iweala said, we spend 1.3 trillion on subsidy but based on the figures given to us by her and sanusi, we spend 900 billion on subsidy. Also 2010 figures should 400 billion was on subsidy thus why are this numbers not consistent ?

5. Why are they comparing us to other countries ? It is an insult on our intelligence by doing so. We collect different minimum wage etc

and many more ,.,.,.,.,.,.

jmaine:

Your so agitated , you throw anything in the fray  . . . bros . . .people are not happy with current events and no be only you the thing dey pain . .

Your volume of rumor peddling over a 24 hours period is toxic . . . bros  . . . easy abeg cos you appear desperate to cause unnecessary stir . . .

why are you talking like Beaf ? well that is not the case, It is not compository to read the topic you know ?

I bet you can just ignore the thread and move forward. thanks

Bravo killers!

alj_harem:

why are you talking like Beaf ? well that is not the case, It is not compository to read the topic you know ?

I bet you can just ignore the thread and move forward. thanks

@ alj_harem, reporting rumour isn't professional and it isn't good for your reputation. News should be pure fact and should be confirmed .

expert555:

@alj harem

You too is not listening to our argument the president do not want to start building refineries before removal of subsidy because the fifth column will frustrate that projects, billions will be wasted like OBJ 16 billion power sector project. In a nutshell the president is doing what he can control. He is prepared to take insults because he not coming in 2015 to beg for votes. He is the one that can do that right now. Have you seen the vice president lately he will be begging for vote 2015 so he doesn't want to be seen making the hard choices which is although good for the country not vote wining idea.

Read this.

Thank you my intelligent brother. I dont know if at all those arguing in favour of this blanket subsidy removal understand the rudiments of nation buildings to include the very important consideration that a nation focused on development and blessed with visionary leaders must "do things its way" to control completely the use of natural endowment, first and foremost , for local development !!!! What , largely, is responsible for Africa's underdevelopment (aside corruption) if not how our leaders are never bright or patriotic enough to discern external policies formulated to ensure our natural resources do not primarily benefit our quest for rapid development? What do some think many brilliant economists mean when they talk of "unfair trading" and "unfair economic/fiscal policies" towards African nation?

Even current history hitting the world very hard, i.e the credit crunch, is fluidly demonstrating the folly of wanton greed and the unchecked excesses of capitalism. We must adopt a template of development that suits our peculiar current circumstances , vis-a-vis stage of development balanced with usage of natural endowment, without anyone insisting we copy those far more developed than us !!!!

Would we ever have a say in whether Western nations, to aid a particular stage in their development, subsidize certain sectors or not? They do it automatically !!!!! I.e stick a finger up at the world and do what is best for them !!!!! This is what has provided, through history, many examples of protectionism !!!! We all saw how, with Europe drowning, Cameron still bravely used a veto to do what he believes is best for Britain recently !!!!

It is only us Africans who are never visionary enough to understand that genuinely using our natural endowment towards ourselves first and for what is best for us is the best way to develop. We are better off hankering for leaders who understand this concept than backing the action of those who clearly don't

Even if , as a major oil producer, we decide to supply refined derivatives of crude to our people free while selling to the world to earn income and foreign exchange, then that is our prerogative as something we are allowed to do while , holistically, we attempt to get it right!!!!


If Government is serious in Nigeria, then it should simply announce a state of emergency in certain sector within which all hands will be on deck to ensure we meet time-line targets. For example, this Government can announce that subsidy wil be removed in 2 years predicated on all hands being on deck to ensure refineries work, transport infrastructure is improved drastically through innovative fund-raising, thorough and sincere reform of the NNPC, PPRRA, genuine reform of customs to aid better border control, a robust fight against corruption particularly to ensure the oil sector serves the nation and not a few, etc, etc . If those conditions are then not met, then we don't remove subsidy !! Simple as that. We cannot argue for subsidy removal while Government is indolent, corrupt, irresponsible and unwilling to lead by example with the sort of sacrificial atitude we are seeing worldwide today !!!!

It should never be up to anyone to tell us , at a key stage in our development where we should be turning around decades of corrupt practices and the ruination stemming from adopting wrong policies , that Nigerians must pay a certain amount for fuel consonant with world prices. What an absurd consideration given that , as a third world nation, our oil endowment should represent one of the tools we must use for our development. If our leaders have not done the right thing then the argument should not be that we suffer for their incompetence, corrupt tendencies or indolence.


It is our fuel and we can use it creatively and in a socially responsible way to ensure the development of the majority in the most cohesive and logically heirachical manner !!!!

We should take examples from what major oil producing nations, many with better per capita income and infrastructural development than us, are doing !!! Why do we let ourselves be bamboozled to the extent we now wish to support the visitation of avoidable hyper-inflation , due to economic theories that will ordinarily work best for developed nations, on a nation where nothing works ?

Now reconsider you position.

obo_man:


@ alj_harem, reporting rumour isn't professional and it isn't good for your reputation. News should be pure fact and should be confirmed .

Ok sir.

How many of you Nairaland protesters have gone out to join people on the street, It is easy to make noise on the pages of a public forum.

ayusman16:

How many of you Nairaland protesters have gone out to join people on the street,  It is easy to make noise on the pages of a public forum.

It is not everyone that would protest. Some have to organise and spread the word. By making people aware why they are protesting and how to make it non-violent.

^True talk.

Some have to protest while others have to organize the protests from a safe location.

Al harem

any comments about boko haram or are you employed by them.

tpia@:

Al harem

any comments about boko haram or are you employed by them.

I hope you are not being sarcastic here.

smh do I look like a boko haram employee ? You see, don't try to make it boko this haram that.

Evil prevail when good people fail to act on it

The evil here is the accountability of the government on the amount of fuel and the money they collect and give back.

we have been looking at this evil for too long too many

I don't know why people are not seeing this.

Muyideen Mustapha Was Laid To Rest Today

The remains of Muyideen Mustapha of Opobiyi family in Agbaji area of Ilorin was laid to rest today Wednesday 4th of January 2012 at the Muslim Cementary behind Yidi praying ground in Ilorin at about 2pm.
Mustafa is the first victim in rolling nationwide protests over the lifting of petrol subsidies which are expected to bring higher prices for everything and hardship to Nigerian citizens.


http://saharareporters.com/news-page/pro-subsidy-protester-killed-police-buried-ilorin


May his soul rest in peace amen.

cowards, sitting at home

Super Story fiction