₦airaland Forum

Islie:
The pricing template released by PPPRA effectively shows the government has been paying fuel subsidy despite its denials.



https://www.premiumtimesng.com/news/headlines/449936-nigeria-to-spend-n103-billion-monthly-on-petrol-subsidy.html

Islie:
The pricing template released by PPPRA effectively shows the government has been paying fuel subsidy despite its denials.



https://www.premiumtimesng.com/news/headlines/449936-nigeria-to-spend-n103-billion-monthly-on-petrol-subsidy.html

Standing5:
In 36 months that can effectively build a refinery like the mega one in Lekki and correct a lot of economic errors in Nigeria.
No leader wants to do the reasonable thing(GEJ inclusive).

Subsidybad21:
If there was no subsidy, fuel would be costing N300 and above by now.(But our refineries would be working since they are now profitable to maintain, and fuel prices come down)

Infact, Nigeria has very cheap fuel compared to other African countries....especially in West Africa. Always has been like that.

Kriss216:
But Buhari said Subsidy is scam pre 2015 General elections

Racoon:
"A single lie destroys a reputation built over many years." For a budding political party like the then emerging APC, they could have played opposition with caution and wisdom but not in our side of the world.

They condemned the subsidy which was of course a major source of economic wastage without any iota of rational thinking even denouncing it as a complete fraud.Just as the case with the BH insurgency, anti-corruption fight among many other things.

Fast forward to 5 years later, they are not only secretly paying(cum looting) same, but made it an official policy of government to brazenly lie to Nigerians about same.

However, the unanswered questions remains:
-1).Who approved the subsidy or alleged subsidy under-recovery funds the NNPC have been paying; the NASS or executive decision?
-2).Why is the price of petrol and other petroleum products still high despite these payments with occasional unavailability of these products.
-3).Why have the Buhari-led government been lying to Nigerians thereby insulting the sensibility of a nation they are governing?

Niorte:
Buhari is a bloody corrupt man.

During Jonathan's administration, he said there was NOTHING like subsidy that it was the imagination of the PDP.

Later, he increased fuel price when he became the President claiming he wanted to remove the subsidy he earlier said was non-existent.

Now he wants to be spending fund on subsidy again.

WHO ARE THEY SUBSIDISING FOR?

Kriss216:
But Buhari said Subsidy is scam pre 2015 General elections

Islie:
The pricing template released by PPPRA effectively shows the government has been paying fuel subsidy despite its denials.



https://www.premiumtimesng.com/news/headlines/449936-nigeria-to-spend-n103-billion-monthly-on-petrol-subsidy.html

Subsidybad21:
And the same economists would have also told him to completely remove subsides to allow the refineries to work.

Which is politically expensive.

Plus two or 3 modular refineries won't fix our fuel supply issues...we need something like 5 or 6 dangote level refineries.

Subsidybad21:
If Buhari was not subsidisng fuel, fuel would have been near the N300 mark by now.

PLus he said there was nothing like subsidy simply because he did not udnerstand how a subsidy worked then.

Aflix:
Sharrap......is it same Buhari that has "removed subsidy" more than 3 times since the start of his inception. You guys must always look for ways to defend ineptitude.

Standing5:
In 36 months that can effectively build a refinery like the mega one in Lekki and correct a lot of economic errors in Nigeria.
No leader wants to do the reasonable thing(GEJ inclusive).

Kubernetes:
Its good we start from somewhere.
$10 billion modular refineries can produce a 400,000 bpd modular refinery.

aspabay:
But Nigerians do not want increase in pump price as it increases worldwide.
Subsidy is still a scam, remove it and pay high pump price, which is actually best for Nigerians in the long run.
But Nigerians want to eat their cake and have it

ecclize:
someone should be enlighten me.
I could remember during the GEJ the pump price was increased bcoz the govt of the day want to stop subsidy.
Now this govt pay for subsidy and price keep going up.
is there anything am missing?

quentin06:
Which high price? Do you think if the 4 refineries are operating at full capacity, we will be talking subsidy?
.Can you really subsidize the production of an item whose raw material is available locally?

Dont you see that there is a relationship between the clamour for subsidy and the refusal to fix refineries?

As long as we import fuel subsidy talk will continue, but if we produce fuel locally, we become immune to the forex problem associated with subsidies and rid ourselves of the thieves who want us to keep importing refined fuel because it benefits them.

quentin06:
Which high price? Do you think if the 4 refineries are operating at full capacity, we will be talking subsidy?
.Can you really subsidize the production of an item whose raw material is available locally?

Dont you see that there is a relationship between the clamour for subsidy and the refusal to fix refineries?

As long as we import fuel subsidy talk will continue, but if we produce fuel locally, we become immune to the forex problem associated with subsidies and rid ourselves of the thieves who want us to keep importing refined fuel because it benefits them.

Islie:
The pricing template released by PPPRA effectively shows the government has been paying fuel subsidy despite its denials.



https://www.premiumtimesng.com/news/headlines/449936-nigeria-to-spend-n103-billion-monthly-on-petrol-subsidy.html

Mrpojj:
Or rather they have been stealing billions in the name of subsidy

Standing5:
In 36 months that can effectively build a refinery like the mega one in Lekki and correct a lot of economic errors in Nigeria.
No leader wants to do the reasonable thing(GEJ inclusive).