DMerciful:
Subsidy will not be removed in the next 2yrs. With a possible sack of Tinubu by the tribunal, he dare not contemplate subsidy removal

Subsidy that APC removed in 2016? Or there is another subsidy

Subsidy removal: Tinubu backs Buhari, Falana condemns price hike

13th May 2016

A former Lagos State Governor and National Leader of the All Progressives Congress, Asiwaju Bola Tinubu, has described the decision of the President Buhari-led Federal Government to remove petrol subsidy as courageous.

The government, through the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, on Wednesday, announced the removal of the subsidy on petrol, pegging the upper limit at N145 per litre from N86.50k.

In a statement in Lagos on Thursday, Tinubu said though the decision was a difficult one, it would ultimately become beneficial to the generality of the people instead of enriching the pockets of a few Nigerians, who enjoyed the fraud of the subsidy regime.

https://punchng.com/subsidy-removal-tinubu-backs-buhari-falana-condemns-price-hike/?amp

Osinbajo: We’ve saved N1.4trn by not paying fuel subsidy

AUGUST 25, 2016

Vice President Yemi Osinbanjo says the federal government has saved N1.4 trillion for not paying oil subsidy.

Speaking in Kano on Thursday during the third day of the 15th Joint Planning Board and National Council on development meeting, Osinbajo urged Nigerians not to lose faith in Buhari’s administration, saying the president would fix the economy.

“With the deregulation of the downstream petroleum sector, there has been a significant increase in the availability of petrol throughout the country for the savings of N1.4 trillion on subsidy payments alone,” Osinbajo said.

https://www.thecable.ng/osinbajo-weve-saved-n1-4trillion-by-not-paying-fuel-subsidy/amp

dexmond:
The south is very naive for relying on Dangoye to supply them fuel. Since it's a private business, he can close not sell to the SE or Middle Belt.

what sort of ignorance is this FFS.

1914 EVENTS COUGHT UP WITH MANY NATIONS WHILE IN DARKNESS

i have seen seriousness in Government to remove subsidy but we are been told Dangote refinery is not ready.... hmmmmm

i think that the government is playing us... if they can be this serious the that refinery is ready.. this is the game... remove subsidy when people complain, tell them "you know we are importing it, go buy it else where" after a month or two refinery begin operation so buyers(filling station have to pay over 700 they are paying before). so no one will skin Dangote alive....

we know it should be ready like july or soon and why did did government push the removal of subsidy to when Dangote refinery will be ready.

it is well, i kuku like the removal....

The biggest scam that ever happened to Nigeria is Buhari. This man promised to revamp the refineries before assuming office and he expected us to forgive him. Buhari God will Judge you for all the atrocities you've caused in this country.

erniok:

That's what I keep telling proponents of "subsidy must go" who rely on dangote refinery. Let it be up and running before bringing subsidy removal that is dependent on it to the table else 22% inflation rate would look like a 1990 stuff.

Nigeria is budgeting and spending billions of naira in PMS subsidy, so removing that subsidy means subjecting ordinary Nigerians to untold hardship.

The best bet is to partially remove the subsidy by 50%. When Dangote refinery becomes fully operational, they can analyze the feasibility of totally removing the subsidy.

This country is just so unfortunate as we have the worst of us leading us. Buhari started talking about diversifying Nigeria's economy in 2015. 8 years later, over 80% of Nigeria's FX earnings come from petrodollars.

proeast:


Dangote has fuked them up. They put all their hopes on his refinery not knowing it can't be completed until 2025. Who knows they might even extend the date again to 2030

If Dangote is not careful, that refinery might end up as white elephant project. He is already paying 700 million as interest on loans and has continued to borrow endlessly. He has even exceeded his limit for borrowings yet completion date is not in sight!

I don't see subsidy being removed, especially not when a questionable and unpopular government like that of Tinubu takes over. Obi might even contemplate it considering he still enjoys massive support and control of social media narrative.

If Tinubu is inaugurated as president and he dares remove subsidy, his government will collapse within 6 months.

The thing is, whoever takes over come may 29, subsidy has to go

Look, let's put politics aside. Yes, Nigerians are going to be angry, and yes, if Tinubu removes subsidy, his government may even collapse within days. But at the end of the day, the new government is going to be faced with the fact that the subsidy money is growing at a rate that is unsustainable.

We knew this as early as the 1990's. But we have been lying to ourselves. 2012, in my opinion, was our last chance to make a clean break from subsidy. We did not listen, some of us woke up and were shouting that it had to go then, including some people who did not care for PDP as well as some pro-PDP supporters then, Nigerians said no.

At the end of the day, it is either we remove subsidy, or the situation would force us to remove subsidy.

There is a reason why all three main candidates said they would remove subsidy. They have seen the light, and they know it can't go on.

It's quite giggling that all we grasp on in the air is promises....
Dangote never made any price better ...working with the govt and internationally owned corporates to become richer....
Now he needs money like the money is one man's own....and not the tax payers
Ask, if he makes loses, who pays while he struggles to keep his status quo....?!
Yet!, you see imprisoned minds search for freedom in other men's travails......
None came to make it better.....

In 10 years, we will be the poorer and unfortunately still be like this or worse off.....

Let's pray... let's unite wisely and know that there's something better ...this we know.
God give us the strength .

No.

Nigerians are always calling on their god to come down from heaven to solve their problems for them.

Fools

erniok:

I think the problem with our refineries is that most of them are obsolete. The TAM routinely done is just an Avenue to siphoned funds.

Really?
Refineries built in 7 late 70s and early 80s are obsolete?
I don't think so

Realguyman1:
The kind suffer wey many common Nigerians go suffer after the Nigeria useless government done finally remove this scam called fuel subsidy ehn, nor be here o.

Imagine the Nigeria government funding and even obtaining loans on behalf of Dangote refinery. Same refinery that was built by pass government that this present useless Nigeria government(especially that of Buhari) can't even maintain, is what they are now funding and obtaining loans on behalf of Dangote refinery for. Nigeria matter loud

Government officials embezzling the money made for public projects has been the reason Nigeria is where it is today and not because of subsidy. I was hoping that Buhari was going to fix those issues when he became president. But no, the old man rather ended up becaming the worst president Nigeria ever had since existence.

The Nigeria useless government are just
suffering the poor masses for nothing, and what surprises me most is that most Nigerians are even comfortable with the suffering. They all know where the problems is but they rather prefer suffering the poor masses than fixing it.

Nor be fuel subsidy dey hold Nigeria from developing or making Nigerians not to enjoy those good things the citizens of those advance countries are enjoying, but the embezzlement of public fund by the government of all sectors in the country. And if those embezzlement don't stop, removing of subsidy or not will not change anything but rather add more suffering upon common Nigerians.

MY OYINBO MAN WHO IS AUDITOR IN ACCOUNT BUSINESS TOLD ME THAT THE NIGERIAN GOVERNMENT SELLING CROOD OIL TO PIRATE BUT IT'S TRUE

Anyone close to Buhari should warn him to not remove the ghost money called subsidy

Nigerians are inherently wicked and will take advantage of it to inflict untold hardship on this country that is hitherto unheard of.

tunwumi:
Be informed that the refinery is coming on stream third quarter

no be today ...same story since 2018

proeast:


Dangote has fuked them up. They put all their hopes on his refinery not knowing it can't be completed until 2025. Who knows they might even extend the date again to 2030

If Dangote is not careful, that refinery might end up as white elephant project. He is already paying 700 million as interest on loans and has continued to borrow endlessly. He has even exceeded his limit for borrowings yet completion date is not in sight!

I don't see subsidy being removed, especially not when a questionable and unpopular government like that of Tinubu takes over. Obi might even contemplate it considering he still enjoys massive support and control of social media narrative.

If Tinubu is inaugurated as president and he dares remove subsidy, his government will collapse within 6 months.

You are right Obi enjoys massive support from some of his Igbo friends but a lot of them, the intelligent ones, having seen they are fighting a lost battle are retracing their steps. Sooner than latter, Obi will look back and won't see any one !!!

Dangote should have gone for a European build.

The initial cost would have been higher, but quality would be better and time frame for completion would have been more certain.

It seems he went for a predominantly Indian managed option.

Indians are not reknowned for being the best in delivering this kind of mega project. Now, the project will probably cost far more.

If this report is correct, the Chinese have now been invited to help complete the project. They might want to start start some designs and fabrications afresh.

I suspect the Indians have made some big errors with the project and can't find a way out.

Which kind wahala is this now

And Nigerians have put all their economic hope in Dangote refinery.

This is going to make Tinubu's already challenging task even harder.

sonature1:


Nigeria is budgeting and spending billions of naira in PMS subsidy, so removing that subsidy means subjecting ordinary Nigerians into untold hardship.

The best bet is to partially remove the subsidy by 50%. When Dangote refinery becomes fully operational, they can analyze the feasibility of totally removing the subsidy.

This country is just so unfortunate as we have the worst of us leading us. Buhari started talking about diversifying Nigeria's economy in 2015. 8 years later, over 80% of Nigeria's FX earnings come from petrodollars.

Subsidy should be totally removed but in phases to cushion its adverse effect on the citizens.

dominic17:
God save Nigeria

We want to believe that the New Dangote Refineries Management -will have something special and better, for Nigerian Masses - so as to shift to it, irrespective of what the govt is about to do .e g removal of the Subsidies!
The present NNPC,that have failed Nigerians woefully and should not be part of what to hand over to the New Govt!
The present NNPC,must account for everything - since 8- yrs now,as Nigeria has not moved forward but suffering at Depots,Petrol Stations and all the Subsidiaries of NNPC- should Account for the Resources given to them!

It's very obvious that Aliko Dangote and his cronies(Dantata, Babangida, OBJ and others) who have substantial shares in the Dangote company are one of nigeria's biggest problem.

1) Dangote expertise is in cement and food production. I don't think he's well grounded in the technicalities of commercial oil processing. Why take a gamble on an enterprise you are not well versed in and that has the potential to set back a country?

2) Why would the Federal government support the building from the scratch a new refinery whereas we have refineries in the south and north sitting dormant and crying for a revamp. I am very well sure that if the whole billions spent on the Dangote refinery had been invested in our old dormant refineries, they should have been producing finished petrol by now and then the subsidy removal wouldn't have had effect on poor masses. I have personally gone to that refinery at ibeju lekki,(passed by it)... the amount of money they have sank in there can lift 2/3rd of Nigerians out of perpetual poverty.

Brothers and sisters, I can categorically tell you that even if another 3 billion dollars is pumped into that "ghost" refinery, it will still not push out refined fuel come 2030. TAKE WHAT I JUST TOLD YOU TO THE BANK

Realguyman1:
The kind suffer wey many common Nigerians go suffer after the Nigeria useless government done finally remove this scam called fuel subsidy ehn, nor be here o.

Imagine the Nigeria government funding and even obtaining loans on behalf of Dangote refinery. Same refinery that was built by pass government that this present useless Nigeria government(especially that of Buhari) can't even maintain, is what they are now funding and obtaining loans on behalf of Dangote refinery for. Nigeria matter loud

Government officials embezzling the money made for public projects has been the reason Nigeria is where it is today and not because of subsidy. I was hoping that Buhari was going to fix those issues when he became president. But no, the old man rather ended up becaming the worst president Nigeria ever had since existence.

The Nigeria useless government are just
suffering the poor masses for nothing, and what surprises me most is that most Nigerians are even comfortable with the suffering. They all know where the problems is but they rather prefer suffering the poor masses than fixing it.

Nor be fuel subsidy dey hold Nigeria from developing or making Nigerians not to enjoy those good things the citizens of those advance countries are enjoying, but the embezzlement of public fund by the government of all sectors in the country. And if those embezzlement don't stop, removing of subsidy or not will not change anything but rather add more suffering upon common Nigerians.

Comment of the wk,wether mugus believe it or not, yes as long as corruption is still high as we sensible ones are witnessn it in this country removal of fuel subsidy makes no good impact in the lives of poor Nigerians,instead it adds more pains on them.

aminulive:
By Sylvester Audu



https://politicsnigeria.com/fueling-uncertainty-investigating-nigerias-subsidy-removal-and-the-dangote-refinery-debacle/

you guys think Nigeria is a rich country, Musk paid $40b cash for Twitter and no Nigerian bank can afford $3b to help African richest man.

Kukutenla:

Really?
Refineries built in 7 late 70s and early 80s are obsolete?
I don't think so

Sir, those refineries were built with the tech available those days and that's why they keep having problems maintaining it. So saying they are out of date in in order.Also bear in mind those refineries were built for a certain population and with population explosion we are witnessing, they simply won't serve.

saysoo:
you guys think Nigeria is a rich country, Musk paid $40b cash for Twitter and no Nigerian bank can afford $3b to help African richest man.

Read the post again. The issue is obligor limit and not really the cash.

aminulive:
By Sylvester Audu



https://politicsnigeria.com/fueling-uncertainty-investigating-nigerias-subsidy-removal-and-the-dangote-refinery-debacle/

The fraudulent transactions going on in this project can’t be analyzed.The name Dangoted is a fraud personified.

Dangote white elephant refinery 😁
No be client Dangote don turn Nigeria government to so?

27Pushing30:


what sort of ignorance is this FFS.

The south claims 5o be educated yet are the ones paying the bulk of the money into the federation account that the North the bulk of the money.

Am I ignorant. You can educate me

saysoo:
you guys think Nigeria is a rich country, Musk paid $40b cash for Twitter and no Nigerian bank can afford $3b to help African richest man.

I am not even sure that Nigeria, a country of 200m people has up to $40b in reserves.

If subsidy is not removed (even if gradually), the next government will have an impossible task on its hands. The only option will be tax. Everything under the sky will have to be taxed

When Tinubu comes in and sees what's on ground, he will wonder if this is the worst job he has ever taken on. I also think massive corruption is going on right now.

I hope this Dangote refinery report is not true. It's dampened my optimism for the prospects of the incoming administration.

I think I need a glass of water.

tunwumi:
Be informed that the refinery is coming on stream third quarter

Nor be today we start to hear that one.

sinisters:
Madness

The CBN governor has done some extensive damage to the Nigerian economy by pushing this dangote refinery project

Even if it becomes functional, I doubt it can alleviate the suffering of Nigerians. Dangote has not been able to make affordable cement available to Nigerians which has increased cost of housing in every city....why should we trust him with making petroleum available??

Dangote has built his wealth on the government had out, OBJ /Atiku/El Rufai privatisation program gave him the cement factories for nothing, and now his refinery is nothing without government handouts and subsidies.

Dangote is a scam!



Dangote cement, sugar, etc which were intended to bring down prices, even made his products more expensive and we all are hailing the scammer.



Bloody Shylock monopolist!

JUST IMAGINE! WHITE ELEPHANT PROJECT?

HOW CAN NIGERIA AS A NATION RELY ON ONE MAN'S REFINERY TO SOLVE THE SELF-CREATED FUEL PROBLEMS WHEN THERE ARE REFINERIES IN PH, WARRI, KADUNA THAT NEED TO BE SINCERELY FIXED?

THIS COUNTRY NEEDS TO BE RESTRUCTURED INTO 6 INDEPENDENT ZONES URGENTLY...

olyrayy:


Abi O. That's what I heard. Why are these people trying to confuse us?

the truth is that the refinery is far from being completed. It will not even be ready in two years

tunwumi:
Be informed that the refinery is coming on stream third quarter

story, 2 years that refinery never come on board, mark what I said today