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Timipre Sylva: Why FG Can’t Continue Fuel Subsidy - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Timipre Sylva: Why FG Can’t Continue Fuel Subsidy (16382 Views)

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Re: Timipre Sylva: Why FG Can’t Continue Fuel Subsidy by TheGoodJoe(m): 10:06am On May 01, 2021
APOSTLECHUMA:
FOOLS, ALL THEY KNOW IS HOW TO INCREASE FUEL PRICE EVERY DAY. I HEARD OF OIL BOOM IN THOSE DAYS AND IT WAS BECAUSE NIGERIA HAD FUNCTIONING REFINERIES THEN BUT TODAY WHEN FUEL PRICES ARE HIGH IN THE INTERNATIONAL MARKET THAT WE SHOULD BE REJOICING AND HAVING OIL BOOM, WE WILL BE INFORMED TO PREPARE FOR FUEL PRICE INCREASE BECAUSE WE ARE IMPORTING DUE TO NO REFINERIES. THESE PEOPLE DESERVE TO BE GATHERED IN ONE BIG STAGE AND SET ABLAZE AND IT WILL HAPPEN ONE DAY. HAVE NEVER SEEN SUCH A USELESS COUNTRY.

The crooks in Central government want to control everything and still the money.

Is it not this block head thief called Timipre Sylva that just came up with a new money siphon project called rehabilitating the refineries?

With $1.5 Billion. Yes, billion dollars.

Is it not better to support States to partner with multinationals to set up Modular refineries?

The money will just go like that with nothing achieved.

1 Like

Re: Timipre Sylva: Why FG Can’t Continue Fuel Subsidy by Igholize(m): 10:07am On May 01, 2021
All of una ... Una papa.. Anybody wey dey support una. E papa too . see wetin una turn Nigeria into. Yeye rubbish

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Re: Timipre Sylva: Why FG Can’t Continue Fuel Subsidy by Ogidigan1: 10:09am On May 01, 2021
Naija seating on a time bomb! Danger looming! Eee go soon set! Everybody should brace up!

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Re: Timipre Sylva: Why FG Can’t Continue Fuel Subsidy by teemy(m): 10:09am On May 01, 2021
adenigga:

...
The minister said, “It is very unfortunate that if (there is) an increment in fuel pump price, (it) would have an impact on the marketplace and we are not happy about that. The President especially does not want to do it, but the economic realities are staring us in the face.

“Can we continue to support the subsidy, which is not necessarily benefiting the ordinary person, but is benefiting certain individuals who are businessmen in the country? I don’t want to identify the people that are benefiting
...
Source: https://m.punchng.com/Why-fuel-subsidy-cant-continue-FG

Same thing with the BH issue. They know the sponsors but don't want to reveal them. End result, the populace pays for it which to them is the better way of doing things.

2 Likes

Re: Timipre Sylva: Why FG Can’t Continue Fuel Subsidy by TheGoodJoe(m): 10:09am On May 01, 2021
Ibe Kachikwu was far better than this brainless maggot who only know how to steal and siphon money.
Re: Timipre Sylva: Why FG Can’t Continue Fuel Subsidy by Troublemaker007(m): 10:11am On May 01, 2021
MASTAkiLLAh:
This same government has stopped subsidy too many times to count, we don't know what to believe again. Scrap the PPPRA, dem no go gree cool

Na them them dey share the subsidy money bro. They are the said marketers. Evil people! Nigeria will soon explode like Venezuela. In fact out case go worst pass their own with the way this country is going! A lot people wey get money don dey japa quietly, a lot has traveled outside the country in the last one year to go setup an apartment or bought a house overseas just in case e tear! cheesy

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Re: Timipre Sylva: Why FG Can’t Continue Fuel Subsidy by TheGoodJoe(m): 10:12am On May 01, 2021
chubinwa:
Lame lots in the helm of affairs.


They are so lame, so dull and ignorant.
Re: Timipre Sylva: Why FG Can’t Continue Fuel Subsidy by Awarah: 10:12am On May 01, 2021
If I have my way, I will sell this country to good hands outside the shores of naija... Pmb is a goat. Sylva and Co are all morons.. God will punish them as they intend to continue suffering d masses... Idiot N worse Government ever
Re: Timipre Sylva: Why FG Can’t Continue Fuel Subsidy by faithfull18(f): 10:12am On May 01, 2021
Nigeria's politicians can not make heaven.
Re: Timipre Sylva: Why FG Can’t Continue Fuel Subsidy by musa234(m): 10:13am On May 01, 2021
Sirjamo:
Stop cursing us that voted for Buhari, we cannot live for 600 years, let alone surfer for that long.


Meanwhile, Jonathan subsidy was partially a scam. He was sinking billions in it, but the product was not always available. We had scarcity every six months.


At least, Buhari is giving us the product, we can see where the subsidy is going. Though, I know they are stealing some of the money.
Always supporting baba no matter what he does.. If we cannot tell these politicians the truth, irrespective of party affiliation ,tribe or personal gains, then we are also part of the problems.

3 Likes

Re: Timipre Sylva: Why FG Can’t Continue Fuel Subsidy by AuwalYusuf812(m): 10:14am On May 01, 2021
FG will never stop stop this fuel subsidy or repair any Refinery in this country because fuel subsidy is where dey steal our money
Re: Timipre Sylva: Why FG Can’t Continue Fuel Subsidy by wink2015(m): 10:14am On May 01, 2021
IJAW MAN TRY AND DEVELOP YOUR AREA BEFORE CRUDE OIL FINISHES.

See how Jonathan just shake hand and drink cups of coffee till 5- 6 years passed him by.

1 Like

Re: Timipre Sylva: Why FG Can’t Continue Fuel Subsidy by WriterX(m): 10:16am On May 01, 2021
hardship has gone from ship to plane it will now be called hardplane. grin grin

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Re: Timipre Sylva: Why FG Can’t Continue Fuel Subsidy by Euegene100001: 10:17am On May 01, 2021
U nr sorry Buhari has few more days on earth .Celebrate Buhari has been called to glory grin
Re: Timipre Sylva: Why FG Can’t Continue Fuel Subsidy by rajiedreez: 10:19am On May 01, 2021
I thought the excuse for increasing the fuel pump price to what it is now is because they said they've removed the subsidy on it. Abi how many time does this government want to remove subsidies. In fact werey lopoju ninu wan
Re: Timipre Sylva: Why FG Can’t Continue Fuel Subsidy by nedekid: 10:25am On May 01, 2021
chatinent:
Timipre who failed as a governor! How can he produce anything successful?
We should suffer while they live large.
Someone that was governor and yet complained of how the state was poor, but at the same time acquired numerous properties.
Anyway, I want to see how zombies will defend this. Hope they will have different prices for bmc crew.
https://www.pmnewsnigeria.com/2017/09/01/efcc-returns-seized-48-houses-timipre-sylva/
Re: Timipre Sylva: Why FG Can’t Continue Fuel Subsidy by Nobody: 10:27am On May 01, 2021
As usual, Nigerians want fuel for free, without an idea as to how expensive fuel really is

Ok, fuel subsidy has to go. Now, I don't like APC, and neither do i like PDP, but I am here to say that fuel subsidy needs to go.

1.First, it costs over a trillion naira annually to keep fuel at the price it is right now. Money that we do not have because since 2014, oil has been at a price that is too low to sustain us, and if we keep on keeping the subsidy, we would end up taking more loans to keep our head above water.

2.Second, we are inessence subsidisng the whole West African subregion, at our expense. On average, fuel costs twice as much in the rest of ECOWAS region, compared to us, and unless we totally close down every border, and build a wall that encompasses the whole country, smuggling is going to continue, so either we end subsidy, or continue paying for the whole West Africa to enjoy subsidsed fuel at our expense.

3.We cannot have new refinereis, more than what we have, plus the NNPC refienres are broken down because subsidy. Because when you subsidsie fuel, that means that the refinereis run at al loss, meaning not enough money to fix them well. We have been running our refienreis at a loss since the late 1980's. And unless subsidy goes, not only would they continue to be out of repair, but even new ones like Dangote will end up like the NNPC refinereis, because you cannot run them at a loss.

4.Even the poverty excuse runs lame. Niger, Mali, Burkina, Guinea, Liberia, Sierra Leone, are all porrer than us, yet they pay more for fuel. Ghana and BENIN AND Niger all have crude, even Chad, yet fuel costs over N300 per liter. If they are surviving, why can't we...and yes, I am sorry for being harsh, but it is the truth.

5.Subsidy is somehting that is prone to serious corruption. Whether it is the transporter claiming subsidy for oil never lifted, or the marketer claiming subsidy for oil not sold in Nigeria, but in Cameroonor Niger or Benin, at a profit...it is a nidus for corrution. Asking government to keep subsidisng corruption...when we don't have the money...is bad.


So, I agree 100% with the ministe.r And yes, I HATE APC, I LOATHE THE PARTY, just as i loathed PDP. But we cannot keep on throwing 1.2 trillion naira down a big hole every year. We have to attract investment and jobs, and increas eproduction...and the only way is by removign subsidy.

So before you quote me to abuse me and talk grammar, read these points. And focus on the diagram attached. And see why subsidy is bad. We cannot continue like this. We have destroyed our domestic oil industry, and we now pay other countries dollars to develop their oil industry, all because we want cheap fuel

Re: Timipre Sylva: Why FG Can’t Continue Fuel Subsidy by jaysport: 10:31am On May 01, 2021
clear signs of a useless government... APC administration is simply an epitome of collosal failure
Re: Timipre Sylva: Why FG Can’t Continue Fuel Subsidy by Nobody: 10:32am On May 01, 2021
The state-owned energy company is absorbing monthly losses of between 100 billion naira and 120 billion naira on Nigeria’s average daily consumption of around 60 million liters of gasoline, the firm’s group managing director, Mele Kyari, said at a media briefing on March 25

Africa’s largest crude producer says it won’t phase out gasoline subsidies that are costing up to 120 billion naira ($294 million) per month until negotiations with trade unions are completed

From: Bloomberg.
Re: Timipre Sylva: Why FG Can’t Continue Fuel Subsidy by israelmao(m): 10:35am On May 01, 2021
This government is very confused,repetitive,and backwards in thoughts and actions.
Re: Timipre Sylva: Why FG Can’t Continue Fuel Subsidy by Nobody: 10:38am On May 01, 2021
Sirjamo:
Stop cursing us that voted for Buhari, we cannot live for 600 years, let alone surfer for that long.


Meanwhile, Jonathan subsidy was partially a scam. He was sinking billions in it, but the product was not always available. We had scarcity every six months.


At least, Buhari is giving us the product, we can see where the subsidy is going. Though, I know they are stealing some of the money.

Yes, and it was a scam, not because of GEJ....who I don't like, but because of the follwoing reasons

1.Subsidy means that fuel was sold cheaper than other African countries...meaning that at the end of the day, subsidsed fuel was being smugguled abroad by the tanker.....

2.At the time, marketers were also importing fuel too...and subsidy meant they were selling it at a loss...meaning that at the end of the day, either they embarked on fake scarcity at the end of the year to make enough cash on the black market to balance their books.

3.People were lying on how much fuel they imported, and sold...and claiming subsidy, because at the end of the day, it was the only way they could make profits to cover their losses from selling subsidised fuel.

That's why GEJ wanted to remove subsidy, but your party...or the people who now lead your party, protested against it, and succesfully led the people to stop it. So, at the end of the day, GEJ was forced to keep on spending trillions annually propping up the massive scam

Now, your people are in power, and have seen the problem with susbsidy.

1 Like

Re: Timipre Sylva: Why FG Can’t Continue Fuel Subsidy by SocialJustice: 10:40am On May 01, 2021
I thought nnpc is the only importer of pms, how is it benefitting certain businessmen?
Re: Timipre Sylva: Why FG Can’t Continue Fuel Subsidy by Simplythebest: 10:40am On May 01, 2021
Pure water now is N20 a sachet.
Re: Timipre Sylva: Why FG Can’t Continue Fuel Subsidy by realstars: 10:43am On May 01, 2021
The Minister Of Petrolium Is A Dead Man.
Re: Timipre Sylva: Why FG Can’t Continue Fuel Subsidy by Nobody: 10:43am On May 01, 2021
SocialJustice:
I thought nnpc is the only importer of pms, how is it benefitting certain businessmen?

They are, but the problem is, they are now sustaining huge losses to keep on being the only importer.

As for busienssmen benefitting....the truth is, they do so in two ways

1.Smugglue fuel across the boder to sell and make a profit

2.Lie on subsidy claims. (transporters too)

If subsidy goes, both these things will stop....though sadly fuel prices will go up

1 Like

Re: Timipre Sylva: Why FG Can’t Continue Fuel Subsidy by houseontherock: 10:45am On May 01, 2021
mrlien:


PMS is not the preferred fuel of the common man ke? A whole minister of petroleum. Are these people ok? Do the Danfo drivers put kerosene inside their tanks? What do they think will happen to transport prices? Or the general cost of doing business?
What does he know? Kerosene doesn't affect people like petrol because even the poor people take Okada and danfo, most homes like most businesses are powered by a petrol generator. What's the percentage of those using kerosene compared to those affected by petrol directly or indirectly?
Re: Timipre Sylva: Why FG Can’t Continue Fuel Subsidy by ofiko123(m): 10:45am On May 01, 2021
The federal government cannot continue subsidy because it is a corrupt and inept government....
Re: Timipre Sylva: Why FG Can’t Continue Fuel Subsidy by Nobody: 10:46am On May 01, 2021
temptnow:
A create of egg that I used to buy for ₦700 last year is now ₦1700 in my area.

I had to ask a poultry farmer friend in another state what is happening.

He said it's CBN governor o, the man is just taking everybody for a ride with his cut and join experiment.

He ban Maize and other stuff used for making feeds, and immediately the commodity became scarce and price of feed went up. Obviously it will affect the price of poultry products.

Sadly, Emefele is doing all this just to please Northern farmers that plants rice, maize and Co.
Everything Emefele ban always go up in price, just like rice, maize and another calamity that Nigerians will soon experience is sugar, you must be dreaming if you think you can buy ₦50 sugar by next year.
I haven't forgotten when a satchet of tomato paste was ₦30 until Emefele ban it and the price rose to ₦50, now it's ₦125 a satchet.

In a sane country someone like Emefele would have resigned. but see how lucky he is in a corrupt country like Nigeria

1.There are Southern farmers who produce these stuff too.

2.Our agricultural system is largely manual, and as a result cannot produce more than it should. That's why you should put pressure on government to bring in polices that encoruage mechanised farming.

3.If we keep on overimporitng, our farmers won't benefit more, and that means more would be jobless, and that's more idle hands....danger

4. iMPORT DEPENDENCY reduces our dolalr reserves, meaning bad news for our economy long term
Re: Timipre Sylva: Why FG Can’t Continue Fuel Subsidy by rollwinger(m): 10:49am On May 01, 2021
Una never tire to milk Nigerians? Electricity tariff increased, transport fare increased, even food prices na no go area. Apc what next? Useless party sad
Re: Timipre Sylva: Why FG Can’t Continue Fuel Subsidy by Belawy(m): 10:52am On May 01, 2021
mumu dey smell
Re: Timipre Sylva: Why FG Can’t Continue Fuel Subsidy by Nobody: 11:05am On May 01, 2021
[quote author=helinues post=101277715]Continue deceiving yourself...

After wasting millions of dollars to campaign against the removal of fuel subsidy, Apc is now 5 years + in power still want to be telling us bull and co.ck story.

Oshisco[/quote. By may 29th they will be 6 years.
Re: Timipre Sylva: Why FG Can’t Continue Fuel Subsidy by bayelsaowei(m): 11:11am On May 01, 2021
FarahAideed:
We allowed you remove fuel subsidy before but you kept adding it back and you have refused to fix refineries
you just said the truth..this government lied about not knowing anything about subsidy but yet they kept paying for it and even increased the price of downstream products. Talk about wickedness and satanism then you can mention apc..its pathetic..

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