₦airaland Forum

Oshiomhole Outlines Strong Arguments For Tinubu's Removal Of Fuel Subsidy As IPMAN Endorses Jagaban

Yesterday at the APC Presidential Campaign Secretariat in Abuja, the leadership of the Independent Petroleum Marketers Association of Nigeria, IPMAN, endorsed Asiwaju Bola Tinubu, the party's candidate for president.

The Association, led by its Vice Chairman, Comrade Zarma Mustapha, listed many of Tinubu's achievements as Lagos State Governor as well as their reasons for endorsing his candidature, and pledged their full support for his presidential bid.

Former Edo State Governor and former NLC President Adams Aliyu Oshiomhole, who represented Tinubu at the historic event, thanked the independent petroleum marketers for their unwavering support for Tinubu's presidential bid, which he said is based on their confidence in his performance.

Oshiomhole, who recalled how he had previously fought against the removal of fuel subsidies due to their corrupt practices, however, provided compelling justifications for why he has become a proponent of the removal of oil subsidies in recent times.

Complete deregulation of the downstream sector, he claims, would have a positive economic impact and accelerate the nation's unprecedented developmental growth in all areas.

For example, the 5% of Nigeria's total budget that was then used to guarantee subsidies was reasonable because the remaining 95% that the FG controlled was sufficient to run the country effectively. Unfortunately, Nigeria has moved from that state to one in which the FG now spends between 6 and 7 trillion Naira to fund subsidies.

Now the country borrows to import and then continues to subsidize the same fuel it imports, resulting in massive fraud and inefficiency in the oil industry that is no longer sustainable.

He claims that independent marketers have the right to operate in the market without having to rely on the NNPC to allocate fuel to them in order for them to sell their products.

He asserts that he once advocated for the removal of oil subsidies and then canvassed for the demand for appropriate wages in anticipation of the consequences of the subsidy withdrawal.

In order to sell their products, independent marketers would instead rely on their business acumen rather than their connections within the NNPC, which is one of the benefits of eliminating fuel subsidies.

It also encourages more indigenous participation from independent marketers while also allowing Nigeria to account for its oil exploration.

Subsidies removed, Nigeria can generate more revenue for unprecedented growth without borrowing new funds. More good roads , faster transportation and more infrastructure  would lead to the prosperity of all businesses.

APC PCC Secretary Rt. Hon. James Faleke, PCC Director of Finance Mr. Wale Edun, Pastor Osagie Ize-Iyamu, as well as other notable PCC members, were present to receive the leadership of IPMAN alongside Oshiomhole.

Osigwe Omo-Ikirodah writes in from Abuja.

Source iReporteronline.

https://ireporteronline.com.ng/blog/oshiomhole-outlines-strong-arguments-for-tinubus-removal-of-fuel-subsidy-as-ipman-endorses-jagaban/

Dirty Nigerian politicians with no ideology.
Same thing he kicked against way back 2015.

Which Tinubu removal plan? You people should stop stealing other people's ideas after shamelessly rejecting same ideas.

It was Peter Obi who introduced the idea of fuel subsidy removal to the then president Goodluck Jonathan when Peter Obi was working as an economic adviser to Jonathan. Let us remember that it was Tinubu who led Buharri, El Rufai, Atiku, Oshimonkey and many other enemies of Nigeria to Occupy Nigeria and forced rhe then government to rescind the decision to remove fuel subsidy.

It was on record that Tinubu and buharri campaigned in 2014 using "fuel subsidy is scam" to remove Jonathan, they promised to end fuel subsidy when buharri wins, and when buharri took over, he only increased the amount paid as subsidy.

Tinubu cannot fool us again, he's not planning to remove any subsidy.

Only Peter Obi who introduced the idea can remove fuel subsidy. Vote for Peter Obi.

Ok

Same people that were protesting against Jonathan's removal of subsidy. God will punish all of you

Our dream is not just to win but for Bola to win and succeed where others fail

Thieves.

Funny how APC is campaigning with the many achievement of Tinubu in Lagos.
They should show me just 3 laudable achievement.
Who is deceiving who here?

everythinggirly:
Thieves.

go on


Can you say you have never done any currupt thing before

Saint rollins

oikirodah:
Osigwe Omo-Ikirodah writes in from Abuja.

Source iReporteronline.

https://ireporteronline.com.ng/blog/oshiomhole-outlines-strong-arguments-for-tinubus-removal-of-fuel-subsidy-as-ipman-endorses-jagaban/

They all went to Ojota to dance to shame. Now kids are affected, we are paying more than corrupt days of GEJ.

TINUBU PLEASE TELL BUHARI TO REMOVE SUBSIDIES NOW AND NOT WAIT TILL TOMORROW.

Fools that fought Jonathan for trying to do same....we must never reward APC with another victory in the elections for destroying this country

Wicked leaders. We should be talking about fixing our refineries first.

If all our refineries are working to full capacity, we will not be talking about subsidy.

And the price of the refined products will drop.

In addition, they should remove petroleum from exclusive list.

Permits states in the oil rich region to build refineries also.

FG are biting more than they can chew. They want to be in control of juicy sectors but yet can't handle them.

APC is playing with the intelligence of Nigerians. Out of all their few good deeds, their bad deeds always pop up and spoil the whole goodness.
The party is like an heartbreaker, dicey to forgive cos your instincts ll remind you they ll break your heart again.

After the lootees looters we aways keep looting....... .as election is around the corner..

Pls vote for obi ..

This same people we keep running backward APC and PDP are thife trained thife

Late removal of fuel subsidy by buhari cause recession in 2016

Noted.

Wetin concern us with these ones. Peter Omoluabi Obi we know

Subsidy scam made plenty of billionaires

If I don vote Tinubu, make una go die if una no like am

oikirodah:
Osigwe Omo-Ikirodah writes in from Abuja.

Source iReporteronline.

https://ireporteronline.com.ng/blog/oshiomhole-outlines-strong-arguments-for-tinubus-removal-of-fuel-subsidy-as-ipman-endorses-jagaban/

Tinubu is not gonna be president so stop wasting your breath on futile talk

Vote Peter George Obi a man ready and passionate to change Nigeria

Hit like if you have your voters card and you are ready to vote in Feb 2023

Cursed dogs

Jalaw:
Dirty Nigerian politicians with no ideology.
Same thing he kicked against way back 2015.

Imagine if Jonathan carry on by removing subsidy then how much Nigeria would have since then till now.

Very stupid man.

Was this not the same explanation they gave you initially when you objected the removal ?

The only thing that make sense to me in this insane Nigeria is
Peter Obi

bewla:
Our dream is not just to win but for Bola to win and succeed where others fail

So that he will go and be licking pen,when asked to sign documents abi? He is too old for the job,he should go relax. We can't have shitman and cabals ruling over us again,after this rubbish they did in buhari regime..

And these same senseless bastards and bloody hypocrites opposed Jonathan over the same issue. They will never get there.