₦airaland Forum

$10billion dollars for subsidy is this not a mad country?

sapientia:
Is Nigeria distributing her own crude for free?

Which susidy again?

What can 20% leftover income do for over 200million Nigerians?
Especially when 95% of the 20% is going into debt servicing.
Technically, our crude oil is being distributed free.

"Who is subsidizing who" - buhari asked before defeating Jonathan at the polls

Who can ask him the same question now that he is the commander in chief of the armed forces?

BeeBeeOoh:
Mr Buhari said N442.72 billion was earmarked for fuel subsidy in the 2022 budget (January-June) but that because of the hike in the price of crude oil, Nigeria will require an additional N3.6 trillion for subsidy.



https://www.premiumtimesng.com/news/headlines/522530-buhari-writes-reps-seeks-increase-in-subsidy-to-n4-trillion.html

So Nigeria will be spending 7billion dollar for subsidies when it can used to build new world class refinery.

The more the oil prices increase, the more the cost of the subsidy

almarthins:
So Nigeria will be spending 7billion dollar for subsidies when it can used to build new world class refinery.

True, but using that money for refineries means that there would be no cash for subsidy which means an automatic increase in the pump price for petrol

Which is not politically popular

Until dem kill us for this country.. Dem no go rest

LordviccoDaGuru:
God bless president Muhammadu Buhari, for this welcome development, we that are staying in AsoVilla we don't struggle for anything we don't buy fuel Buhari is doing this to return the country back to good shape. I love Buhari so much, he can do anything he likes God put him there and there's nothing any wailer can do. North Government in power APC

e shock una abi??

He is wasting money on subsides, and as a result we don't have working refineries

He is making a mistake

How Much Are University Workers Asking For?

SAI BABA and co! Rake all y'all want; Naageeriya is beyond repair!

[s]

subsidywise18:
He is wasting money on subsides, and as a result we don't have working refineries

He is making a mistake

[/s]

This is the same man who promised in his electioneering campaign to not only revamp our existing refineries but also to build new ones.


Here we are in 2022 with all those promises gone with the winds.



He even made himself the Minister of Petroleum to add insult to injury.



All he has brilliantly achieved is to borrow and continue to borrow to sustain his failed (mal)administration with nothing substantial to show.



He fought severally to get to the number one seat only for him to bring Nigeria and Nigerians to the abattoir of economic strangulation and utter despondency.



Buhari!




U see your life?

A people deserve the government and rulers they get! This is exactly the way an average Nigerian treats and deals with his fellow countryman!!! Most of the people shouting up and down in this forum would be worse than Buhari if you mistakenly hand them power. Many are nothing short of wicked demons in their work place, community and family! What is on display in the federal level by politicians is a mirror of the people.

JosephXavier:
No Fulani man in the history of Nigeria has ever lead Nigeria well yet they are not Nigerians

If Yorubas won't betray the south, the south should stand firm that no Fulani will ever rule Nigeria again

What Igbos are suffering in Nigeria is what should be done to Fulani who are even not Nigerians but yet have rendered Nigeria useless
They are the ones using terrorism to destroy nigeria and because their people are highly placed in nigeria, nothing is being fruitful
Hausas are not violent and nature and so other tribes in the North

My father was a director in Federal civil service and he told me one thing he learnt in his years if service to Nigeria

Once an office is headed by a northener (Fulani),the office will never be productive agian

Well what buhari is doing is what southern leaders like gej and obsanjo did.

Subsidise fuel

The money on subsides has gone up because the cost of producing one liter of fuel has gone up due to rising prices of crude

Unless you want Buhari and whoever succeds him to stop subsidising fuel, this is going to continue

Right now one liter of fuel costs over 300 naira. We sell it at N162 per liter. A year ago it was 261 naira. Four years ago it was 180 naira. As the actual cost of fuel rises ao does the subsidy

Put a southern in charge, the same story. Nigerians including you want cheap fuel. And government has to pay to see that the fuel remains cheap

LordviccoDaGuru:
[s][/s]

In denial aren't we?

Subsidy nust go.

You can cancel this too

National Assembly would rush to approve it and demand their own cut

Flamees:
i taught he was planning to remove the subsidy abi he don remove am
Or he just wan loot another one

Well you guys don't want to pay 400 naira for one liter of petrol, so subsidy remains. ( any time someone suggests subsidy removal on this site, abuses begin)

Every time any Nigerian leader tries to completely remove subsidy, you guys will threaten fire and brimstone. Even Abacha was scared enough not to try it.

Even then Buhari should have been a strong leader and removed the thing. Good leaders take hard but necessary decisions.

subsidywise18:
Well what buhari is doing is what southern leaders like gej and obsanjo did.

Subsidise fuel

The money on subsides has gone up because the cost of producing one liter of fuel has gone up due to rising prices of crude

Unless you want Buhari and whoever succeds him to stop subsidising fuel, this is going to continue

Right now one liter of fuel costs over 300 naira. We sell it at N162 per liter. A year ago it was 261 naira. Four years ago it was 180 naira. As the actual cost of fuel rises ao does the subsidy

Put a southern in charge, the same story. Nigerians including you want cheap fuel. And government has to pay to see that the fuel remains cheap

A southerner won't be romancing with Fulani herdsmen and snapping picture with the terrorists

A southerner won't allow the country to hungry by giving the herdsmen free hand to murder and attack farmers and farmlands

A southerner will make sure that there is Federal character and won't appoint only Southerners in his carbinate and security chiefs

A southerner won't be sitting in Aso Rock picking his teeth while the nation is burning down to ashes

InoGetJoy:
What pains me most is the many urchins on Nairaland who support this failure. We currently buy PMS at #220 a litre and this one is asking for 4 trillion naira as subsidy.
What happened to his promise of 1 refinery per year?
Helinus, and their fellow urchins are still here talking rubbish. Na God go punish all of una

I don't like Buhari, but the reason why you are buying pms and why we dont have refineries is because subsidy remains in place.

The money we spend on subsidy could have been used fof refineries. But because we want cheap fuel, we spend it on ensuring now that fuel which actually costs 330 naira sells at 162 naira.

Even the 220 naira is happening because subsidy cost is not enough to keep fuel at 162 naira.

If we remove subsidy, will you pay over 350 naira for fuel willingly? So that the oil sector can now build refineries to operate at a profit

JosephXavier:
A southerner won't be romancing with Fulani herdsmen and snapping picture with the terrorists

A southerner won't allow the country to hungry by giving the herdsmen free hand to murder and attack farmers and farmlands

A southerner will make sure that there is Federal character and won't appoint only Southerners in his carbinate and security chiefs

A southerner won't be sitting in Aso Rock picking his teeth while the nation is burning down to ashes

But a southerner would pay subsidy because you don't want to pay n350 and above for a liter of fuel.

Or do you want subsidy to go?

EmptyGarden:
That definitely isn't Bubu's handwriting but Malami's.

Cashing out things...4trillion for subsidy. All hail apc magic. Buhari or not they are one group of rogues.

NaMe4:
So subsidy is still in place despite increase in the price of products.

Yeah

On petrol

It is why you are not laying 400 to 500 naira or at least 360 naira per liter of.fuel at the pump.

richidinho:
So what about the excess crude account?

Depleted.

Low crude prices plus refusal to diversify

effort1:
The same Buahri accused PDP on fuel subsidy.

Now, the same Buhari is asking for increase in fuel subsidy.

Yes because he wants his party to be in power forever, so paying wasteful subsides is a nice way to get votes.

Nigerian politicians are not good economists. Especially this apc lot

eldoradoxx:
Under the very corrupt government of PDP that we all gladly voted out with jubilation, subsidy was within the range of 250-400 billion per year at #68 per litre of fuel and we even protested and sang and danced at Ojota heavily fed and transported by APC Lagos.
You have now heard how much the government of his holiness Muhammad Buhari is paying for the fuel subsidy.

It kept rising even then. Plus, GEJ did try to remove it in 2012 due to the fact that it was draining our income badly and making it impossible to refine fuel at home domestically

Thanks to the ojota crowd, and to most Nigerians being opposed, he kept the subsidy.

By 2015, the economy was in a mess .

subsidywise18:
But a southerner would pay subsidy because you don't want to pay n350 and above for a liter of fuel.

Or do you want subsidy to go?

Why are you dragging this subsidy issue as if that is the only problem Nigeria has

You turned boing eye to all the things I listed and focused all your attention on subsidy

Goodluck removed subsidy and Buhari hypocritically campaigned against it, but now wants to remove same subsidy

Had it been Nigeria did away with subsidy then, who would be talking about increment in fuel importation charges?

Don't be so unfortunate this early morning

JosephXavier:
Why are you dragging this subsidy issue as if that is the only problem Nigeria has

You turned boing eye to all the things I listed and focused all your attention on subsidy

Goodluck removed subsidy and Buhari hypocritically campaigned against it, but now wants to remove same subsidy

Had it been Nigeria did away with subsidy then, who would be talking about increment in fuel importation charges?

Don't be so unfortunate this early morning

So yoy don't support subsides

Good.

P.s Nigeria is a resource dependent country. That's why it os meased up. Other african countries have similar problems and no hausas and fulanis in them.

We are a country that lives on one source of income. Raw materials. That's why we have never ever prospered. And all of ourleaders north or south haven't changed anything

Mine is the war in Ukraine is affecting our economy. Dear God don't let your faithfuls be subjected to clowns 2023. Complaining won't change a thing as our lawmakers have decided to stick with this fail...re. I bet if another political party wins 2023 presidential election, the next course of action will be impeachment. Mark this down

Hahahaha...failure at its peak...dangotes refinery not ready...our own run refineries all dead or defunct...

Chaiii...

subsidywise18:
So yoy don't support subsides

Good.

P.s Nigeria is a resource dependent country. That's why it os meased up. Other african countries have similar problems and no hausas and fulanis in them.

We are a country that lives on one source of income. Raw materials. That's why we have never ever prospered. And all of ourleaders north or south haven't changed anything

I guess this is the end of our conversation
You're being too sentimental and illogical

You don't know you are spamming.

DominusPrime:
I'm still baffled at how he was able to fool people like , leodeking, tinubuadvocate and the likes. Yet they are still shouting apc upandan. They are not different from the idiots who still see nothing wrong with the corrupt pdp. Bunch of idiots...all of them.

JosephXavier:
I guess this is the end of our conversation
You're being too sentimental and illogical

Thanks for your time, and good morning to you too.