₦airaland Forum

They won't remove fuel subsidy now. They will "hope" to rig win 2023 elections first. Immediately afterwards, una go see shege.

Confused leader always lie lie lie APC is lie party no direction

[img]https://media1./images/136026e496ef548e90dadb49522ead85/tenor.gif?itemid=20653900[/img]

See the terrible discordance in a clueless govt. President talking his own and finance minister talking her own.Meanwhile, these crooks are still shamelessly talking about removing subsidy after more than 6 years?

Thats crazy

See my siggy

She had said the federal government would provide a N5,000 transportation grant to poor Nigerians to cushion the effects of subsidy removal.

First they shared 20k but them no gimme Everything they have been doing for poor Nigerians I never received a penny or do I look rich to them
Imagine at 3:45am I'm still commenting on nairaland. Thinking about how tomorrow go be Can't sleep, so many things on my mind. it shall be alright one day

Then what did he direct because d Buhari I know has always queried d meaning of subsidy. The discordant tunes between Buhari and his appointees often confirm that he is not in charge and that we have a cabal at d helm of affairs. In saner climes for d Finance Minister to take an official position on such an important issue as fuel subsidy that has d ability of shaping d governance trajectory without speaking for d mind of d President ought to have attracted official reprimand or outright sack by d President himself.

Another day, another lie.

Ok

Na me remove am. Buhari don already talked am for the last interview. Say and am dey work hand to hand. That is why he position northerners in every strategic position.

Unna no they sleep?

God bless our darling Daddy President Muhammadu Buhari and his amiable Vice president Prof Yemi Osinbajo for all they are doing to make this once battered and looted nation work again

tempest01:
They won't remove fuel subsidy now. They will "hope" to rig win 2023 elections first. Immediately afterwards, una go see shege.

Most likely

Subsidies should be removed and lets forge ahead. We can not be enriching a privileged few. Lets all suffer it and reset our brains to enable us select good leadership to run the affairs if this nation.

tempest01:
They won't remove fuel subsidy now. They will "hope" to rig win 2023 elections first. Immediately afterwards, una go see shege.

You are right.

.

Foolish government of liers this what tinubu bestowed on us and he wants to take over and continue from where they stopped ,God forbid, oluwa majee.

Ahwed Lawan, the irony of a Leader of the Legislature becoming a special spokesperson to the Leader of the Executive. Only in Nigeria!

Pyramids of lies.

For more lies, text "APC to 419".

ironheart:
Subsidies should be removed and lets forge ahead. We can not be enriching a privileged few. Lets all suffer it and reset our brains to enable us select good leadership to run the affairs if this nation.

Suffering nor dey tire you?

Has any FG policy benefited the people, why do you think this one will be different? Moreover, how many times is the same subsidy going to be removed?

Who told you removing fuel subsidy will stop corruption or looting by these wicked politicians?

Corruption is embedded in the DNA of Nigerians. We are fantastically corrupt.

Is Buhari not the minister for petroleum?If he was not the one who directed the removal of subsidy,who did?

Lawan is just speaking in circles. The Petroleum Industry Act which was passed by the same Senate mandates NNPC to operate as a profit making organisation. Keeping subsidy meaning operating business with the intention of making losses! I don't anyone of us does that in his/her private business, so why should Nigeria?

People like Lawan are the ones who set us backwards for political reasons. He would have been pressured by his people and as the idiotic northerner with no brain of his own to properly articulate why subsidy should be removed, he has caved in and so that he will continue to win election, he is coming back to Abuja to speak from the other side of his mouth.

God forgive me but anytime i see the rubber stamp man all i see is a Hippopotamus

Trust this good for nothing useless Nigeria government at your own risk.


Foolish clueless government

The fear of 2023 election is the beginning of wisdom.

Hope NLC will not fall for this gimmicks, February 27 nationwide protest must go on as planned too sound a note of warning to the government.

BeeBeeOoh:
https://www.thecable.ng/lawan-buhari-did-not-direct-removal-of-petrol-subsidy/amp

§
WHICH SUBSIDY?


§
IS IT THE SUBSIDY THAT BUBU & APC SAID DOES, EXIST?

§
FOR DECEIT, TEXT APC TO 419!

Subsidy or not subsidy, nothing changes.
Same looting goes on.

[quote author= post=109492765]God bless our darling Daddy President Muhammadu Buhari and his amiable Vice president Prof Yemi Osinbajo for all they are doing to make this once battered and looted nation work again[/quote]U nu dey get shame?! Is naija less-battered now? Try get sense abeg....u must not comment like this all the time just to save face...

At the end subsidy has to go. The government is just making more mistakes keeping subsidies

TO anyone quoting me to tell me tales about 'subsidy being a benefit' and 'government is suffering us' consider this

1.We pay for subsidy from crude oil revenues, whose prices have not been stable enough or favorable to us since 2014 when the Saudis and the US decided to show each other shege. Even before 2014, crude has never been favourable enough to us

2.We spend billions subsidizing fuel, which is in turn sold in Ghana, Benin, NIger, Cameroon, even Mali....via smuggling. Fuel costs above N300 in those countries. Tell me, who won't smuggle the fuel...unless you want to build a wall around this country. And our Customs is funded from the same source as the subsidy which means not well enough (see no 1)

3.Subsidy is why the refineries don't work. Basically, prices are kept below the production price, and a subsidy is meant to cover the difference. Over the years refineries have not been able to make a profit to pay for expansion, maintenance, upgrades, etc etc. Staff welfare is paid from...crude oil profits. When refineries can't make a profit, they break down. Which is what happened by the year 2010, and which is why we refine our crude in bad refineries in Holland and Belgium so that we can keep it cheap, and have bad fuel.

4.And keeping on no 3...how much do you think we are going to pay Dangote in subsides, and let's also remember that production costs are not static.
Yes, subsidy means that Dangote is going to sell fuel at a loss, and government is going to dash him money to cover the loss. And that money is going to rise with the rise in Dangote's production costs and debt repayment. Meaning more pressure on our already tight revenue (keep in mind we have 4-5 other private refineries and 20 more on the drawing board. All to be paid subsidy money to keep fuel cheap)

5.Our income from tax is not even enough to cover subsidy costs. 30% of taxable Nigerians pay income tax to state and federal government coffers. We use oil money to cover the deficit, and when oil money is not enough, we pay using loans and more loans from IMF to the Chinese.

Keep in mind that right now, we cannot finance or budget well because of bad oil prices. And we already have to take a loan to keep up inspite of subsidy.


If we want a strong petroleum and refining sector, one that not only makes profit, but exports and exports good quality PMS, we have to remove subsidy . If we want more jobs and investment, subsidy has to go. Paying for subsidy is basically asking for more loans, more deficit budgets, and more problems economically speaking, and zero refineries.

The government needs to wake up to reality..

P.S

For a clear understanding of subsidies and why they are damaging, I suggest you read this article

1.Fuel subsidies in Nigeria: they’re bad for the economy, but the lifeblood of politicians