Se won fe ma gba ile ni?......,.bunch of fools

Hmmmmm........Oh! This life sha!!!.
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Heavenly father protect me,my family and everyone who surround me of premature death ooo.

amazingcharis:
Hmmm....... Fayose again..... Baba's terror.
Meanwhile I get FREE AIRTIME by using the MyAds App. The airtime can be used for data subscriptions, sms and calls. this airtime works on all networks.

Download the MyAds App from playstore and use the referral code NIGAIRTIME when signing up and get some instant cash.

Etisalat users can pm on hints and tips on how to accumulate points on it

How can we accumulate it?

How is that possible?...... sir u dey craze

Nigeria is divided.....No unity again. may God help us

Rep! Rep! Rep! they done bribe you with another Prado jeep again?.....We know you can afford it,think about those less privilege who can't afford it now.....Thieves!!!

NCL chairman in Ondo state said 'strike is still on until they call it off nationwide'......strike is on in Ondo state ooo

Toks2008:
Over the years Nigerians have been faced with series controversies surrounding subsidy removal and many Nigerians have frowned against this with great ferocity each time the government of the day makes any move to remove it either totally or partially.

Many opposition bodies have used this to campaign against the government of the day and that was the case during the period of President Goodluck Jonathan and many Nigerians were also made to believe that it was indeed a callous move by previous governments to inflict hardship on Nigerians but just yesterday,we got a very surprising news that the APC led government have decided to finally remove subsidy as Petrol will now sell for a maximum of N145 per liter..

The question on the minds of many is why was there a strong move against this in the past? could it be to lack of proper sensitization of the populace by the previous governments?or was it because the lack of trust in the previous administrations or shall we say we have suddenly realized the true picture of the situation on ground? I guess these are questions we will continue to ask ourselves but this write up will address the reality and advantages of subsidy removal from a very layman's perspective and professionals are welcomed to shed more like and correct any form of misinformation.
[size=13pt]
THE REALITY[/size]

FUEL SUBSIDY:
Understanding the madness called “fuel subsidy” requires a walk down memory lane. However, let me start by saying a country like Nigeria, which is also the largest crude oil exporter in the African continent, imports fuel into the country.YES we know this makes no sense. Unfortunately, it does. Nigeria has four national refineries that are barely functional because of the country’s poor planning and maintenance culture, and even more, our refining plants are aging while the pipelines linking these plants have lacked adequate investments and they are terribly unreliable to support uninterrupted domestic production and sadly enough as determined as the government are in ensuring that these refineries are repaired,some interest groups have taken up the habit of destroying these facilities thus Nigeria is forced to refine its crude oil resources outside its borders and then it imports the refined products, mostly from European suppliers, to satisfy the energy needs of its large population.

WHO BENEFITS MORE FROM FUEL SUBSIDY?
Now lets assume the governments spends an average of N40 to subsidize a litre of petrol that is bought by each Nigerian,it means for every 20 liters you buy, the government helps you to pay N800. But the truth is that the rich benefits more because in a month they buy thousands of liters to power their office,homes,cars and so on while an average citizen with a tight budget might just manage to buy 50litres in one month.
[size=13pt]

Lets ask each other this question;Does it make sense for a government to spend over 1 trillion naira on fuel subsidy yearly to help the rich while lesser amount is marked for other infrastructures that would impact more positively on the average man?

Now lets take a quick look at 7 advantages of subsidy removal:[/size]

1. IT REDUCES CORRUPTION IN THE DOWN STREAM SECTOR:

According to the statement made by the former finance minister and coordinator of subsidy removal, Dr. Ngozi Okonjo Iweala. “ The removal of oil subsidy will drastically reduce corruption in the down stream sector.” Moreso, deregulation will also help to end the waivers enjoyed by powerful “cabals” at the expense of the Nigerian people...this needs no explanation.

2.PROVISION OF BASIC AMENITIES

The Nigerian governments spends over 1 trillion naira on fuel subsidy each year and this has made it extremely difficult to provide other amenities that would impact more directly in the lives of the citizens. However, if half of the money spent oil subsidy is channeled to other sectors of the economy, Nigeria would have been better for it. Consequently, the money saved from subsidies will be used to improve infrastructure, building good roads and bridges, fund agriculture,pay higher salaries,improve education and health sectors.

3.REDUCTION OF GOVERNMENT DEBT

According to the words of the former Central Bank Governor, Malam Sanusi, one of the long term benefit of the withdrawal of the subsidy is the reduction of government debt and at least help direct that debt to the finance of infrastructure that should create jobs and more inclusive growth. However, it is important to note that Nigerian government often borrow to enable it finance this oil subsidy so as to make the petroleum pump price affordable to a few rich Nigerians who operate or control some of the devices which actually consume the petrol.

4. TRANSFORMATION OF THE PETROLEUM SECTOR

A lot has been said of corruption in this nation, and the time is now to effect the change we need. Reformation of the oil sector which is the life wire of the nation could take the lead.

5. INCREASE IN FOREIGN RESERVE AND SAVINGS

With subsidy removal, Nigerian, government will get to keep more of the money raised from sales of its petroleum product and savings made on its foreign earnings, this will uplift the countries foreign reserves and greatly improves our ratings by international agencies.

6. ESTABLISHMENT OF MORE REFINERIES

It is noted that since 2000, government of Nigeria had issued licenses for refineries, but none was been built for these reason. This is not unconnected to the financial and structure imbalance created in the huge sums, of money expended on petroleum subsidy. However, it is obvious that with subsidy removal, Nigerian government can now use the money saved from subsidy to build refineries which will inturn provide enormous opportunities for employments of our jobless youths.


7. MAKES WAY FOR TRANSPARENCY AND COMPETITION IN THE OIL INDUSTRY

When petroleum subsidy which is rife with corruption and unhealthy practices is no longer there, transparency and healthy competition will return to the petroleum industry.


Lets give the government a chance and make this sacrifice with hope that we will have a new story to tell.Yes we may see a sharp increase in the price of commodities and transportation but in a short while, we will see the positive outcome just as we now see in previously deregulated sectors.

You know this and you can't state it during Jonathan regime.

Hmmmmmmm

post ondo state job too.

rebelliousgang:
All but lagos state. Ondo is the biggest debtor.

Where you put Osun state?.....Think before you talk now

Saraki must gooooooooooooooo!!!!!!!

This man should be killed......will he spend it in the grave?... .. . . . politician una too greedy

Saraki and his nonsense........ He don rent them!,soon he will b One-Man-Mopol when those people spend the money finish.

ruggish10:


My friend....do you also know that buying airtime to subscribe or paying for internet subscription to be on Nairaland is also a huge liability if it does not put money in your pocket? What are you talking about? Poverty is a curse and it blindfolds your thoughts and reasoning.
Let me paint the picture clearer for you....

A poor man buys a big loaf of bread, he takes the loaf home and tells his children, eat small and remain for tomorrow.
A rich man also buys same bread, he tells his children, please finish the bread so it does not get spoilt by tomorrow.

Now you see...respect people's opinion. Live your life and let others live their lives....abi u want to live their lives for them....Haba!!!

Shut up jor!.......Go to developed country and see what they use money to do!....Buying of 235k money and posting it on nairaland....Dangote no get time for this now....#EronuNow

Phone of 235k,Is it taking you to heaven?...wen will you have sense?......If its bible will you buy it?....Vanity upon vanity......#ItWillEndOneDay

arsenal33:
Some people pretending to fight for women.
What did they do for common women when they were in power?

Help me ask her oooo

A great man happy birthday to you and to myself

searching4lovee:
[b]

WE TOLD THEM GEJ IS CLUELESS TANOIDS SAID GEJ TILL 2019


WE TOLD THEM HE IS THE MOST CORRUPT PRESIDENT IN THE WORLD TANOIDS SAID HE TRANSFORMED TRAIN AND THEIR BRAIN BACKWARDS

WE TOLD THEM HE ACCEPTED DEFEAT COS HE FEARS ICC TANOIDS CALLED HIM A HERO

WE TOLD THEM IF HE LOOSE THE ELECTION NOTHING WILL HAPPEN, TANOIDS SAID THE MILITANTS WILL BOMB ALL THE PIPELINE

WE TOLD THEM BUHARI IS A MOVEMENT, TANOIDS SAID HE HAS BEEN LOSING SINCE 2003

WE TOLD THEM THE NORTH AND SOUTHWEST ARE THE POLITICAL GIANTS OF NIGERIA, THE MUMU'S SAID WE ARE NORTHERN SLAVES

WE TOLD THEM AMAECHI IS AN AGENT OF CHANGE, TANOIDS SAID HE'S A DRIVER AND AN ERRAND BOY

WE TOLD THEM TINUBU IS THE BEST POLITICAL STRATEGIST IN THE HISTORY OF NIGERIA, Igbos SAID IT IS THEIR COWARD WAR LORD WHO RAN TO IVORY COAST


WE TOLD THEM PDP IS DEAD AND BURIED TANOIDS SAID THEY ARE COMING BACK IN 2019


MORAL OF THE STORY IS : SAI BUHARI

#no matter how bitter you are, the certificateless illiterate will rule you and your family till 2023 [/b]

And you will b a slave for life...... olodo

The list is not complete without AKURE ooo

standd:

I am a Christian now and I really wonder why Christians think they are actually better than people of other faiths.
Are we not all the same?

We are not the same atall......goto john 16:1

Hayordele

clevadani:

i h8 readin posts like dis. U condemn evritin without any reasonable suggestion

awe shut up jor,are they not thesame?

i will go joyfully with my darling wife.......but if i'm yet to marry i wont go.

Johnnyessence: every Nigeria av know before that mimiko is PDP so no doubt about that in fact its gives a edge to APC to win in coming election in ondo am just happy people are aware of stomach infrastructure d PDP is displaying in d govt. d civil servants in on do state of non payment of their salaries PDP will loose convincely coming Feb 14 election.

A.P.C for whr?.......dey cant win nothin for ondo state,all dey knw is money nd dey r d combination of all parties in d country,evrybdy want to b d boss nd dey r d most corrupted party in d country pple r jst sayin dat its PDP,c na lie

Amacaco: When the supporters of General Buhari maimed and killed Youth Corpers and thousands of other Southerners in the North after the 2011 General Election, was Buhari held responsible for the actions of his supporters even though he supported what they did before, during and after the Elections. Why should Fayose be held accountable for what his supporters do without his instructions. If that is the case, all APC Leaders should be held responsible for the death of the former NURTW chairman who was shot dead by their supporters and assassins.

tank u jor

Nigerians are the enemies of themselves.....Imagine someone saying ''Thank God Toure won.... Who is Mikel''
Mind u,Toure confirmed that Mikel deserved it!!!!!!!!!! Bad people,great nation.

Ota po gan!

Faith93: I look for ur mate abi you no have manner of talk yo poeple..pleae no mek me fell bad

chai! C English,dis no b English self,na pidgin spanish...lwkmd

ajasa4link:
yes,those he featured are not good if that's what u want to hear

U no b fanz

RAPSODI - 9/10
Y.B.N.L - 8.5/10
B.G.E.L - 10/10
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Esu pofo,Anifowose,Eleda mi,High ma best tracks