₦airaland Forum

I guess you know more than the Petroleum State Minister he uses 280 naira for exchange rate you are using 320 naira to a dollar i would have indulge you but i need no waist my time with you. A government that has three monetary policy Official Rate 199 Parallel 320 Fuel Modulation price 280.

Vandieee:
THE FEDERAL GOVERNMENT DID NOT REMOVE SUBSIDY BECAUSE THERE IS NO SUBSIDY AT #86.5 PUMP PRICE OF FUEL
Before you go to protest against the removal of fuel subsidy by the Federal Government, be informed that the government did not remove any subsidy because there was no subsidy to be removed in the first place. So don't go and protest against what does not exist. Seek information and be informed. This is what the government has done. The government has simply stopped giving foreign exchange to fuel importers and has asked them to source for foreign exchange through secondary sources. Why has the pump price of fuel increased from #86.5 to between #135 and #145? This is specifically as a result of the difference between the official exchange rate and the informal (parallel) market exchange rate. This is the simple mathematics. The official exchange rate is #199 per dollar while the parallel market exchange rate is #320 per dollar. This represents and increase of 37% (320-199/320 × 100 = 37.8%). This reflected exactly in the new price of petrol as it increased from #86.5 to an average of #140 which is an increase of 38% (140 - 86.5/140 ×100 = 38%). There may be a gap in the dessimination of information to the public and it is totally regrettable and I am sure it will be taken care of, but I encourage Nigeians to seek the right information. I have always insisted that there was nothjng like fuel subsidy and I stand by that. The Federal government cannot continue to be the sole source of foreign exchange for the importation of fuel in the face of falling price of crude resulting in the depletion of our foreign reserve. It is unsustainable and cannot satisfy the domestic consumption of fuel in Nigeria. Nigeria gets foreign currency from the sale of crude and the price of crude has fallen by over 70%. This means that the government no longer has enough dollars to give to fuel importers. A lay man shoud be.

Cc. Seun & Lala

Buhari ask for anybody that has evidence against his ministers should petition EFCC. now he got it.

If everybody keep mute as you are canvassing THIS INSENSITIVE GOVT will increase this pump price again in no distant time Osibanjo came out and clear the road for that to happen THIS IS JUST AN INCREASE THERE IS STILL SUBSIDY.

buchibrand:
Let me ask you, what have we as a people achieved through Strike since 1999? ASUU/Asup Strikes, NLC strike...at the end the government will reduce 5Naira and NLC will accept it and that's all.

1. They will be paid for the days they did not work
2. They probably will get salary increase
3. Their leaders will become more richer, popular and influential
4. Nigeria would have lost billions of Naira
5. Business men and women will be counting their losses
6. The economy will further weaken
7. The marketers will sell PMS at a price higher than what we are ask to buy it now.
8. They will still come back to government and collect their subsidy claim.

What have you gain in all these?
When was the last time you bought a litre of PMS at the official pump price?

I pity you, because buhari is the president everything he does must be supported. YOU DEREGULATE AND STILL COME OUT AND SAY THERE IS STILL SUBSIDY (VP)

buchibrand:
Let's join our voices together to say "No to NLC Strike"

It is better to destroy and rebuild equitably

Johnnyessence:
even if u are supporting them in this violence it won't help them but destroy them the more.call them to order.

Are sure u re a woman

bigtt76:
Go sidon wan side if you nor get naaatin to tok about! #Mtscheeeeeeeeew

This is why we say you don't play politics with governace

Children plenty hereooo

Samuelprogress:
come do u really know the importance of the budget to u and ur generation yet unborn?
I don't think u do.
Cuz if u do u will stop writing with a sentimental mind.
One question for u
"WHY ARE YOU SO SO PARTISAN?"

Isaac Boro Was killed did that stop the struggle NO! Saro Wiwa was killed did that stop the agitation NO! Sending soldiers will always result to arm struggle that even the Niger delta indigenes outside the zone will reconsider going back to join the struggle.

Dream on

wastedsperm:
It is better for innocent niger deltans to relocate elsewhere cos Buratai and his boys no get time for joke. The whole SS will be nuked and leveled if care is not taken. We warned you people that Buhari is not the weakling called GEJ. No amnesty for criminals this time. Do anyhow see anyhow. Your yeye oil is now loosing value worldwide and yet you fools think the way out is to blow up pipes and pollute your region further Lagos has oil, oil is been explored in the chad basin up north. No big deal about oyel anymore. I pity the innocent ones among u wey go share stray bullets. Rip in Advance to the stubborn Niger deltans

Must you always bring up previous govt to defend the ineptitude of the present govt, do those govts promise heaven on earth or CHANGE. NA ur type dey suffer dey smile

Do you need to debate it, Buhari has been zombies dream killer since 1984, he's so dumb.

Whenever the Inec Chairwoman (former acting chairwoman controls the inec) sense the APC is loosing in an election the body will be force to go inconclusive to enable them behind the scene doctor the results. this was from a reliable source that is very in know what is happening in the commission.

These Reserves are legacy of Gej, it was just a name in previous administration. I hope Buhari will strive hard to also leave a reserve for the in coming govt.

Is a Obj a human?

In the Land of no fuel in the time of no light the destiny of great nation rest in the shoulder of a great s....... his name is

pleae say amen if.u trust pmb

You dont even respect your dad at home and you are spewing rubbish and defending a murderer, that uses boko haram for electoral gains and massacre zaria citizens in cold blood, guy u should be ashame of yourself for defending the unreliable president of yours.

amaechi1:
I did not know someone is still frustrated that his candidate lost election since 2015.

Expression of anger will not change anything, rather it will compound the issue.

God is God of justice, his punishment will start from those who desire evil for his fellow and the country al large;

It will also start from those who supports anyone that has looted this country.

It will also start from those who call other names and refuse to repent.

Let the punishment begins, I promise you, you will not escape it.

Why on earth would a president allow his own citizens to go through these agonies after all these months, as if that was not enough an item that was never budgeted for is said to be missing in a budget GOD WILL PUNISH THIS WICKED MAN for Zombies suffering.

1million buhari cannot marginalized niger delta any government form without the niger delta fail from inception. no miracle buhari govt has failed.

gretblue:
Hope you will not cry of marginalization tomorrow?

Enjoy the change, change Dole has not come i guess you know what i mean. continue defending a man that has put Nigeria on reverse gear because zombism that run in your vein.

senior123:
I know you are an IPOB supporter so I will tell you. Nigerians do not let tribalism, nepotism, bigotry and hate becloud our judgement. We voted out PDP simply because PDP ruled this country for 16 years with nothing to show for it.

1) PDP drilled the lake chad basin. Not APC. Not Buhari.

2) PDP devalued our currency and the oil prices have fallen. I know in PDP rule, rather than do the right thing and restrict foreign currency in the economy, they would devalue our currency so they can spend more coz US and EU told them to.

3) Nigerians want people who put the interest of the nation first. Not state, tribe, religion or whatever. As long as it benefits some or all groups of Nigerians in some way b4 it benefits any outsider or personal self. Most Nigerians know (except IPOB of course) that what PMB is doing, is what should have been done a very long time ago. Although it is now taking too long.

4) Most importantly, we know that for a country to prosper, we have to make sacrifices. Nationalism means individual groups will not be happy, Individuals may not happy but the nation, as a complete whole is better off. This simple concept, PDP did not understand.

5) Lastly, I love igbo people, and I can only thank God that many Igbo people do not share this delusional IPOB mentality. Anyone who votes PDP is the one allowing tribalism, nepotism, bigotry and hate becloud their judgement. Because i cannot see how any Nigerian would want even another day of PDP rule.

When will buhari stop propaganda, this story was pre plan hence he said he want to see details before signing the budget. may while people are enjoying change but still waiting for change dole.

i wont call you zombie though u look like one

989900:
And you wonder why they call you st00pid.

RICE
Buhari Price 14000 2,380,000,000,000.00
Previous Price 9000 1,530,000,000,000.00

collected by buhari from the masses 850,000,000,000.00
Then multiply by 2 bags per year 1,700,000,000,000.00

GROUNDNUT OIL
Buhari Price 1400 238,000,000,000.00
Previous Price 1000 170,000,000,000.00
Then multiply by 2 bags per year 68,000,000,000.00

And many other Product, these how Buhari is milking us dry, no one is spare

Very lazy folks that is what you guys are, check the budget if the item is in it. THE SO CALLED ITEM IS NEVER IN 2016 BUDGET, it all propaganda

bettercreature:
It all boil down to the hatred for Ameachi

It is a fact that the item in question was never in 2016 budget i can send a soft copy if you want to vanish your zombie mentality, cos it came from buhari mentality it must be true mentality

obailala:
But the man who doesn't care about 5% budgeted billions for a projects in 5% zone and 5% senators cheered on while the senate removed the projects. Now the same man who hates the 5% has rejected the budget and returned it to the senate for the removed projects to be re-included, but some of you are insulting the man of being confused and delaying.

You know before now I really underestimated the psychological damage that could arise from people having their preferred candidate losing an election. But it is now clear a lot of people are still in psychological trauma.

Yes, which language do u understand poo

Kyase:
No because you didn't make sense, or na English dey hard you?

Yes because i have the budget the so called item is not in the budget i am not a zombie and can never be, u gat that nigga

Kyase:
See this one

The so called Item was never in the budget, how can you remove what is not in the budget. APC followers are really Zombies

SHUT UP When did your Buhari started caring about 5% stop this sentimental and sensational drama

Buhari should not divert Nigeria attention from his mess with this sentiments when did he started caring about 5%.

If we have 170 million nigerians and as at 2015 you bought this commodity at this price

Nos of Nigerians 170,000,000.00 Commodity Rice
Buhari Price 14000 2,380,000,000,000.00
Previous Price 9000 1,530,000,000,000.00

Then multiply by 2 bags per year 1,700,000,000,000.00
Cash collected by buhari from the masses 1,700,000,000,000.00

Just one commodity Buhari collected 1.7 trillion from Nigerians, don't forget that we have purchased more than 2 bag of rice since Buhari's inception . Just do this mathematics to all other commodity and shout CHANGE