₦airaland Forum

ReubenE:
Stop responding to that person, you are wasting your time.

Somebody that is arguing subsidy was not provided for by government in 2023 yet posted a link showing subsidy payments from Jan-May. When caught, he shifted goal post to NNPCL paying subsidy.

That guy is really slow. Apologies to him.

This NBS report is nonsense. It is a sea of contradiction

oponu aiyarada my comment is still didn't change on fuel subsidy not appearing in 2023 budget. If you have contrary evidence show it here or you keep shut!!!
Should we start lecturing you again that nnpc is now a limited liability company

Kukutenla:
This dude is a dimwit. I'm ashamed to call you a product of Nigerian education.
Like, are you just trolling or you're serious right now?
Check the part I drew a red cap over. Did you miss that part in the screenshot I posted?

Baba you dull. You dull gaan. Chai!! What is this I'm seeing?
Do you even understand that subsidy is just a part of the cost of importation borne by the govt per litre. The other part is paid for at the pump. By the time you add everything together, we'll be looking at far over 2.4trn self.
You're a total disgrace and an apology to poor education.
This is my last response to you. I can't com and degrade my iq.

you re mentally deranged idiot.
Why re u running round in circle
Your claim was NBS report of 1.2trn for subsidy payments was hogwash that subsidy was gulping 400b per month for 6months.
Now that you have been caught pants down in your own web of lies you re drolling saliva in your dirty mouth
Why re you running away slowpoke?

Attach here is your comment

Kukutenla:
I'm sure you'll call yourself a graduate o.
See how you're disgracing your school online.
How does your link negate what I've been saying and posted?
You foolishly claimed there was no subsidy this year yet you brought a link that says NNPCL paid 307bn in May alone and 1.82trn in 5 months(January-May) which is even higher than the amount paid in 2022!
Is 1.82trn not even higher than the 1.2trn in 6 months that NBS is claiming was spent on fuel import? You must be a special kind of stupid.
I'm beginning to suspect I'm chatting with a slowpoke

Now I know you re an imbecille you want to shift goal post like an idiot that you re
despite the fact that I stated it boldly as a reply to you(screenshot attached) that FG already stop paying subsidy since jan to may it was Nnpc that was footing the bill.
Does that invalidate the fact subsidy didn't appear in 2023 budget ?

The disparity between 1.23trn and 1.8trn can be contested based on available data's.

If we re to follow imbecilic idiots like you that claim 400b monthly for 6months

Subsidy payments will be at 2.4trn , now look yourself in the mirror what you see is a moronic clown

Kukutenla:
It's more than obvious now that you're a full blown dullard with matchsticks for brain.
But I'll keep knocking sense into your thick skull till it seeps in.
Look at the screenshot. The date is 18th of February this year which is the second month of the first quarter and first half that NBS is talking about.
Your stupid assertions fall flat in the face of the NNPCL GMD declaring that they have been the sole importer for years and are paying N202 per litre for subsidy as at the date 15, February, 2023.

Let me wait for the next truckload of nonsense from you

you this dumb idiot after my explanation of variables that affected the downtrend of subsidy payments and fuel importation monthly for 1st quarter of the year yet your brain refused to process it

Here is the subsidy payment report as at june 26 2023.
Which aligns with what NBS posted.

https://www.thecable.ng/exclusive-subsidy-payments-gulped-n1-82trn-in-five-months-arrears-hit-n3-73trn/amp

I know you re a mentally deranged idiot at least try and use your head at times.
That 400b subsidy payment was not in the year review, cos fuel importation was not constant, and consumption fell drastically. that's what lead to scarcity, how is it difficult for you numb idiot to factor in these variables and drop that stupid claims of 400b monthly payments

Kukutenla:
Your dullardry is well established already
But it's another level of intellectual foolishness and exuberant ignorance to claim with confidence that NNPCL never claimed to spend 400bn on subsidy monthly when it in fact claimed to spend more than that at a point.
You have no business arguing in public pls.
Just return back to whatever cave you slithered from. Idiota

https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.premiumtimesng.com/news/top-news/582724-fuel-subsidy-now-above-n400bn-monthly-nnpcl.html&ved=2ahUKEwi7h8yRqJqBAxV2WUEAHQq7AuMQFnoECB8QAQ&usg=AOvVaw1-2kzkP9_BdThvwHPxKoea

clown did you bother to read the link you post.
Nnpc was talking about monthly calculations of subsidy. It has nothing to do with year in review. and it also confirmed what I said that FG stop paying subsidy and marketers stop importing due to forex.
So tell me again where did you get your calculations of 400b monthly subsidy for the first quarter of the year 2023?
when FG stopped paying and marketplace marketers stopped importing which led to fuel scarcity in the first quarter of the year according to the link you posted

Kukutenla:
I don't really have the time to be spoonfeeding you with info but check it online. NNPCL claimed they were subsidising with average of 400bn a month. If you don't know that then stop arguing with me!!
You're showing your lack of understanding more and more. This NBS report is pure hogwash!!

imbecilic idiot, the burden of proof is on you.
Where did Nnpc claimed they spent 400b monthly from Jan to may 2023?
If NBS statistics is not reliable, you would have made sense by providing counter stats with verifiable figures instead of the usual beer palour gossip from mentally deranged idiots like you

Kukutenla:
What is this guy saying for God's sake?
What concerns all those with the claim above
Was there subsidy in the first five months of the year according to govt or not?
The subsidy is reputed to cost 400bn monthly.
So how do you pay 400bn subsidy on imported fuel of 200bn?
Are you really this daft or just playing
So economy slowed down but exports increased?

Where did you get your calculations of 400b per month in first quarter of 2023?
It was boldly written in the report that value of import for fuel for the period of subsidy was 1.23trn trillion.

So tell how you arrived at 400b per month for important of fuel.

Export didn't significantly increased it was import that reduced drastically due to cbn policy and forex scarcity.
During the first quarter of 2023 nigeria oil production was abysmally poor at 1.1m to 1.4m barrel per day when opec gave us 2m barrel per day quota.

Kukutenla:
What is this guy saying for God's sake?
What concerns all those with the claim above
Was there subsidy in the first five months of the year according to govt or not?
The subsidy is reputed to cost 400bn monthly.
So how do you pay 400bn subsidy on imported fuel of 200bn?
Are you really this daft or just playing

nah you re very stupid.
FG didn't include subsidy payment in 2023 budget. That 400b subsidy payment claim is coming from the place of ignorance.
Nnpc was the sole importer and was the one footing the bill for subsidy since jan to may.
Nnpc couldn't meet up the market needs since FG made no prov in 2023 budget. That's why there was fuel scarcity in Nigeria from January to april.
Thats the reason why subsidy payment reduced drastically from Jan to june.

coleon:
If you also use your head, you will notice the report also stated that it's for H1 only which covers January till May when the supposed consumption according to you was 65million.
So what exactly is your point?

My point is importation and consumption of fuel was on a downward trend since January this year till subsidy was removed in may.
Thats why subsidy payment was low between Jan and may.

Kukutenla:
Such a bumbling dullard!!
The first half of the year starts from May?
Don't let foreigners see this pls
It's a mockery of our education system

I guess you lived under the rock when fuel scarcity hit Nigeria in the first quarter of the year, plus cbn cash policy that slowed down the economy

Kukutenla:
NBS is beginning to sound like radio Nigeria
For this country wey we dey?


If the total value of petrol imported in six months is 1.23trn, it means we spend a paltry 200bn to import fuel in a month. How does this fit into the claim that we spend 400bn to subsidise fuel every month?
NBS no even reason well before they spill their lies.
I can pick so many more holes in this their trade surplus especially with the falling value of naira like an old woman's breast

if you use your head, you will discover that consumption for fuel reduced from 65 millions to 43 millions per day since May

oyoofong:
They want to finish Atiku

Atiku is done for now. His back bone has been shredded to pieces.
The only cashcow he has now is his American university and real estates in Dubai.

If he doesn't want to go bankrupt he should Run away from politics and praise singers

ecolime:
Atiku own don be.

Na to go sell hin University and Dubai properties take stay afloat remain.

Lose election, still lose your cash-cow join.

BAT should please leave NEXT limited. I'm 100% sure Peter Obi is a very good man. Just sad some of his supporters are fanatics.

Lessons have been learnt already, he should be magnanimous in victory

Nextee oil and gas doesn't belong to obi.

tnerro1:
Compare the wage bill of civil servants and the legislators and the executive let’s see who earns more

stupid idiot Nigeria civil service gulps 5trn yearly. It is in the news. But blind criticism will not let you see it.
By the way senate yearly budget is 200b

DukeNija:
Can we stop this nonsense and celebrate this massive win? Stop being a baby!

you re very stupid, your act blind to the action and jump on the reaction.

Pascaldebravoo:
Ignorance is a disease. The companies owned by Igbos in Lagos are far greater than your ignorant ranting. You just displayed your ignorance.

Lagos state generates her igr from payee.
The biggest tax payers in Lagos are
Multi-national companies
Dangote plc
Globacom
MTn
Lagos state civil service

Tell us which of the aforementioned is owned by an Igbo man?

Malroux:
Lagos IGR by Igbos in Lagos.

Lagos state igr is not funded by

Substandard Electronic market
Fake Spare part market
Okrikia market
Drug peddling
Computer village phone accessories
Baby factory business
Prostitution

Cos the last time I checked these re the only industries Igbo's dominated in Lagos state

Ikpunnegi01:
I single handedly made the slum look like London of Africa, but had Failed to make the country look like Dubai Only 3 months, Trillions had been blown away for no cause.. Una must get sense by force.

idiot read before you criticize.
The report was from jan- march

Kennitrust:
They brought someone who doesn't know management to manege a falling country like naija... Lol



INEC well done ooo

idiot the report was from january to march

udemzyudex:
They claim to save 1trn from subsidy and ended up spending 1.4trn. Lol

Very funny,and the masses are still in this mess they created.

idiot the report was from jan to march.

kuntash:
The issue with Edo is that they hardly pretend or backstab ... They state it openly and clearly too irrespective of how it would go for or against them .
Very outspoken and stamping their foot down even against a popular opinion..... Politically this does play out very well .

That's the Mantra of Edo not being Lagos ....... They usually got a mind of their own ....

. That is opposite of what happened.
They don't have mind of their own, they have herd mentality and bandwagon thinking. Obaseki first term was poor, he was able to sold them lies that oshomole was the reason and Tinubu was using osho to rule Edo state that was enough for the crook obaseki to win his reelection.
He has started with FG now😂, he is telling Edo to help him beg FG to fix roads in order to cover for his incompetence, wait till campaign time when obaseki will also try to play pity card

caprini1:
Provide one each of Tinubu,s primary, secondary and university class mates and get $1000 .

use the 1k dolls as palliative to the needy around you.

The cheerleader of the Obi supporters fraudeyin will make a post and his zombies will run away with it without confirmation

Brendaniel:
Oga, shut up, go and do your analysis properly, when we say senate, it means lower and upper house, staff members both political and career, constituency projects and so on all for the purpose of legislation that can be per time, read the link there, you guys argue anyhow, that's 2.1 trillion in 2020

https://politicsdigest.ng/nass-gulp-2020-budget/

you re mischievous liar.
The constituency projects are not part of nass annual budget.

Brendaniel:
But government subsidy can stay? that is why the presidency still has over 10 presidential jets that gulp hundreds of billions every year, senate gulps over a trillion every year and other numerous spendings for govt officials gulping trillions, if they were removing subsidy for the people, they should have removed for the govt too, so that we can save more as they claim, abi is saving not the target again?

Oga, you have been deceived......

your ignorance is very loud. Where did you get this ridiculous lies😂😂.
Senate budget yearly is less than 300b, Aso rock yearly budget is around 500b
Fuel subsidy yearly cost nigeria 10trillions
Naira subsidy yearly cost Nigeria around 4trillions naira

Now use your sense here which one should go first?

Praxis758:
This man should have transited from the realm of making promises to a phase of actualising his agendas.

Someone should wake him up that campaign is over, business of governance has started.

he is literally telling you the reason why the economy is going through rough patches. Servicing debts with 90% revenue is not sustainable. That's why fuel subsidy and naira subsidy have to go.
And the removal of subsidy and naira subsidy is the cause of pain to the masses, but they need a bit of patience, the policy is a good one that just needed time

KanwuliaExtra:
What an ijjjiot!
Fake accountant.

Yet you keep borrowing and bribing your way through life and death!

Your judiciary and legislative bribing nko?

Why don’t you tell the BUHARIDIOTS and DANGOLEEE to return all they stole?

Tinubu have not borrowed any money yet.

MadamExcellency:
What was he, Shettima doing there in the meeting?

A country with 230 million people and the highest GDP in Africa went to a meeting for sightseeing?

The joke is on you, Shettima. Who invited you to the BRICS meeting and for what purpose?

you re very stupid, didn't Nigeria also attend G7 meetings does that make Nigeria a member of G7.

Opposition is not madness

Kukutente23:
Are you sure you're okay? You're sounding bipolar.

It seems you lack basic English comprehension or maybe you're just too confused.
You claimed the last time it was shared was during GEJ and that's because it's a joint account.

1. Can you now explain how the balance is less than 500m now if it was 2.4bn when Jonathan left office and Buhari only removed 1bn according to you.
2. If it's a joint account between states and FG, how come Jonathan withdrew from it unilaterally without any approval and the courts later declared the account as illegal.

You're simply daft.
I can see you're still claiming FG pays states security votes. I'm sure you're one of all those newspaper stand analysts.
Ignorant slowpoke. Bleep off!!

madman i'm done doing back and forth with you. When you re ready to learn .go back to the exchange your answers already been stated.

You can continue barking like a dog at FG while your state govs,ministers,senators,judiciary,local govt charimen house of reps steal your resources

Kukutente23:
As i have pointed out, you're simply a daft ignoramus. See screenshot below of two govs denying they approved any such thing. That's why I asked you to show pictures of the decision because since govs denied ever giving such approval. That's besides the fact that its state assemblies and not govs that can give such approval you dummy!!

Again, your ignorance is on display. Ecological fund does not belong to FG and its not from their allocation you dimwit. It's sourced directly from federation account before any other deduction is made. I'm beginning to disorganised I'm chatting with an imbecilic mòron.

As for the security vote, go back and read what is in the body of your headline you ignorantly posted you nitwit

Stop quoting me with your stunning ignorance abeg

wike is just a rabble rouser you dimwit, even from your screenshot it was stated that the withdrawal was approved by NEC lead by osibanjao and 36states govs.
At least read your article you idiot. Stop depending on headline slowpoke.

Mad man you forgot to calculate the numbers of ministries,mdas,parastatals that will share FG funds😂😂