post=122975766:

Hmmmm, this is deep!
Words of a wise man.

May Devil punish every evil and corrupt politicians that have looted our darling nation since 1960,
No matter the political party they are.
Along with the the online criminals and thieves supporting such politicians.
All of them will never end well.

We Rise.


Say Amen to the above prayers or stfu!

My man be very specific. May God punish BUHARI and APC for wrecking this country in 8 years, May God also punish their useless and idiotic online supporters. You people should stop confusing thunder.

Islie:
—He lacked understanding at inception, says expert



https://www.vanguardngr.com/2023/05/how-buhari-spent-n8trn-on-non-existent-petrol-subsidies/

Some people are here insulting Buhari and still they believe Tinubu is different and going to Change the country, how do you expect change when same political party is in power?

ginggerxy:
Who is the Nigeria government? If not APC? You think you're smart?

are you an illiterate?😆..I said Nigerian leaders, which includes leaders across all political parties and none partisans..

God save Nigeria from disaster cos our leaders are either selfish or incompetent or criminals.

I reserve my comment for a better government.

nairalanda1:
Hmm

It was obvious that Buhari did not get fuel subsides....but obviously once he got into office, he did understand.

The problem with the article is that the folks who wrote it, do not understand how a subsidy works....and just wrote it for the shock value.

1. Here is how subsidy costs rose to N8 trillion and kept rising.

In 2015, few months after Buhari took office...landing cost of fuel was N132, price at pump N87

In 2022 September, fuel price was N170, landing cost was....N502 .

Do the math, and you will get why we spent increasing amounts on subsidy. ESPECIALLY if you consider that fuel consumption goes up year in ,and year out. (And then there is the mass smuggling of fuel to other African countries because Nigerian fuel is much cheaper than other fuel in all our neighbours).

Plus, if we kept fuel at N87, the amount we would have spent on subsidy by now would have been N20 trillion, if not far more.

2. One of the solutions offered was that we should have released forex to 'let everyone import'. At that rate, the subsidy costs would have risen to N20 trillion. Remember the games importers were playing before NNPC became the sole importer? And still play now.



The solutuon should have been SIMPLE.....Fuel subsidy SHOULD have gone since 2012,(Ideally fuel subsidy should have gone since 1993, when we got the earliest warnings. But Nigerians, led by Buhari and co, said NO because all they saw was price increases, and not the long term benefits.

The fact is, if subsidy had been totally removed in 2012, that N8 trillion would have been SAVED.

Our addiction to low fuel prices caused this, people. We all better accept this harsh truth. If you implement price controls, corruption and stealing results. (Former communist countries know that...price controls led to bad products, corruption, stealing and scarcity. In 1985, there were queues in Moscow for bread. Today, under the capitalism of Putin, you can buy any bread you want).Buhari too loves low oil prices. And like most Nigerians, he thinks that they can be sustained forever. They can't.

That is why we do not have good refineries. Because price controls prevent NNPC from making a profit. Making NNPC the sole importer also basically restricted NNPC from making a profit, and forced it to use whatever monies it did make in subsidising fuel.

Reading that report, I knew it was just sensationalism, claiming subsidy shouldn't have been more than 2 trillion against 8 trillion is just not true, I mean a simple analysis of the increase in dollar/forex value over the last 5-6years should make anyone educated know that subsidy prices would double or even triple . If we want to blame Buhari, blame him for not having the will to remove it totally , blame him for not knowing anything about it and saying gibberish before he got on the seat and realized what president Jonathan was battling was child's play compared to what he would have to handle, all he needed to do was come out, hold his up that he got it wrong when he criticized Jonathan and explain why and how we got here and the lasting solution which was totally removing it. Having said that it might also have been difficult to remove, this country went through recession twice and pandemic in the last 8years total removal of the subsidy would have made people tear down his government or do something worse than what is going on now, the same people insulting him today would have probably be rioting, or even turned this to a huge civil unrest in a worse case scenario. Like you said giving the subsidy Forex to importers/marketers would have been much more worse, we all saw that with Jonathan and his fuel importers/marketers. Finally educated and knowledgeable folks would always know that subsidy is a loose/loose situation for any government and its people, it's just a case of choose the kind of loss you prefer (more like chose your poison) whether you want a mild one or a catastrophic one, and the truth is the mild one is just delaying the catastrophic one in the future and it's only matter of time.

I have always said the next government would feel the blow and impact of subsidy removal from the people, While Tinubu divides the people already interms of acceptance, I am afraid, subsidy removal would make his acceptance much worse if not the most derided president ever even much more derided than Buhari. We shall see.

post=122975766:

Hmmmm, this is deep!
Words of a wise man.

May Devil punish every evil and corrupt politicians that have looted our darling nation since 1960,
No matter the political party they are.
Along with the the online criminals and thieves supporting such politicians.
All of them will never end well.

We Rise.


Say Amen to the above prayers or stfu!

Plz STFU

Ever8090:
are you an illiterate?😆..I said Nigerian leaders, which includes leaders across all political parties and none partisans..

It's always the mad man who is first to call the sane person mad.

post=122975766:

Hmmmm, this is deep!
Words of a wise man.

May Devil punish every evil and corrupt politicians that have looted our darling nation since 1960,
No matter the political party they are.
Along with the the online criminals and thieves supporting such politicians.
All of them will never end well.


We Rise.


Say Amen to the above prayers or stfu!

Has he ever done something bad before as a president? Because your sycophantic attitude makes you more like a robot who’s been programmed to support a particular thing all the time

doff my hat for the name that came to steal like a thief in the night.

sai buhari...APC has done it again and another is still coming.

Islie:
—He lacked understanding at inception, says expert



https://www.vanguardngr.com/2023/05/how-buhari-spent-n8trn-on-non-existent-petrol-subsidies/

Nonsensical journalism. Non existing subsidies? This news us birth by ignorance of the highest order

post=122975766:

Hmmmm, this is deep!
Words of a wise man.

May Devil punish every evil and corrupt politicians that have looted our darling nation since 1960,
No matter the political party they are.
Along with the the online criminals and thieves supporting such politicians.
All of them will never end well.

We Rise.


Say Amen to the above prayers or stfu!

YOU MAY THINK THAT YOU HAD YOUR RIGHT TO YOUR OPINION THIS WASTED EIGHT YEARS AND YOU ARE INNOCENT, BUT HERE IS THE THING.

THE INNOCENT LIVES THAT HAVE LOST DUE TO HUNGER AND STARVATION THIS EIGHT YEARS OF BUHARI FAILED REGIME WILl CONTINUE TO HUNT YOU, IT'S NOT A PRAYER IT IS THE FACT, YOU WILL REAP WHAT YOU SOW

YOU MAY THINK YOU ARE ENJOYING NOW BUT YOUR DEATH WILL BE SO PAINFUL, MARK MY WORDS

Ever8090:
no be APC, Nigerian leaders have kill this country and they will continue untill Nigerians decide to get sense,.

the Nigerian leaders in charge of the economy and fuel subsidy in the last 8years are under which party?

Failure!!

Refineries has to be grounded so that a man from your ethnic group will have to be sole refiner for everyone else. Wisdom!

Nigeria is the easiest country to govern in the world.

You can walk into aso rock at the age of 90, refuse to fulfil your promises (e.g., refinery, subsidy removal, 24/7 electricity, etc), put millions into generational poverty, loot trillions of naira, destroy the value of the naira, campaign for a re-election, and nothing will f**k*ng happen.

Kayyy:



Reading that report, I knew it was just sensationalism, claiming subsidy shouldn't have been more than 2 trillion against 8 trillion is just not true, I mean a simple analysis of the increase in dollar/forex value over the last 5-6years should make anyone educated know that subsidy prices would double or even triple . If we want to blame Buhari, blame him for not having the will to remove it totally , blame him for not knowing anything about it and saying gibberish before he got on the seat and realized what president Jonathan was battling was child's play compared to what he would have to handle, all he needed to do was come out, hold his up that he got it wrong when he criticized Jonathan and explain why and how we got here and the lasting solution which was totally removing it. Having said that it might also have been difficult to remove, this country went through recession twice and pandemic in the last 8years total removal of the subsidy would have made people tear down his government or do something worse than what is going on now, the same people insulting him today would have probably be rioting, or even turned this to a huge civil unrest in a worse case scenario. Like you said giving the subsidy Forex to importers/marketers would have been much more worse, we all saw that with Jonathan and his fuel importers/marketers. Finally educated and knowledgeable folks would always know that subsidy is a loose/loose situation for any government and its people, it's just a case of choose the kind of loss you prefer (more like chose your poison) whether you want a mild one or a catastrophic one, and the truth is the mild one is just delaying the catastrophic one in the future and it's only matter of time.

I have always said the next government would feel the blow and impact of subsidy removal from the people, While Tinubu divides the people already interms of acceptance, I am afraid, subsidy removal would make his acceptance much worse if not the most derided president ever even much more derided than Buhari. We shall see.

how much subsidy has been removed so far and how much is left to be removed?

the govt has previously said it has removeed subsidy. which subsidy is it now removing again?

https://www.channelstv.com/2020/09/10/interview-why-we-removed-fuel-subsidy-and-how-it-will-pay-off-nnpc-gmd/

nairalanda1:
Hmm

It was obvious that Buhari did not get fuel subsides....but obviously once he got into office, he did understand.

The problem with the article is that the folks who wrote it, do not understand how a subsidy works....and just wrote it for the shock value.

1. Here is how subsidy costs rose to N8 trillion and kept rising.

In 2015, few months after Buhari took office...landing cost of fuel was N132, price at pump N87

In 2022 September, fuel price was N170, landing cost was....N502 .

Do the math, and you will get why we spent increasing amounts on subsidy. ESPECIALLY if you consider that fuel consumption goes up year in ,and year out. (And then there is the mass smuggling of fuel to other African countries because Nigerian fuel is much cheaper than other fuel in all our neighbours).

Plus, if we kept fuel at N87, the amount we would have spent on subsidy by now would have been N20 trillion, if not far more.

2. One of the solutions offered was that we should have released forex to 'let everyone import'. At that rate, the subsidy costs would have risen to N20 trillion. Remember the games importers were playing before NNPC became the sole importer? And still play now.



The solutuon should have been SIMPLE.....Fuel subsidy SHOULD have gone since 2012,(Ideally fuel subsidy should have gone since 1993, when we got the earliest warnings. But Nigerians, led by Buhari and co, said NO because all they saw was price increases, and not the long term benefits.

The fact is, if subsidy had been totally removed in 2012, that N8 trillion would have been SAVED.

Our addiction to low fuel prices caused this, people. We all better accept this harsh truth. If you implement price controls, corruption and stealing results. (Former communist countries know that...price controls led to bad products, corruption, stealing and scarcity. In 1985, there were queues in Moscow for bread. Today, under the capitalism of Putin, you can buy any bread you want).Buhari too loves low oil prices. And like most Nigerians, he thinks that they can be sustained forever. They can't.

That is why we do not have good refineries. Because price controls prevent NNPC from making a profit. Making NNPC the sole importer also basically restricted NNPC from making a profit, and forced it to use whatever monies it did make in subsidising fuel.

how much subsidy has been removed so far and how much is left to be removed?

the govt has previously said it has removeed subsidy. which subsidy is it now removing again?

https://www.channelstv.com/2020/09/10/interview-why-we-removed-fuel-subsidy-and-how-it-will-pay-off-nnpc-gmd/

The lifeless, integrity deficient scammer is Nigeria's WORST BLUNDER!
Buhari and cohorts are SELF SERVING THIEVES!

The incoming government will still go same way. No sincerity of purpose or plan just mere political posturing, vibes and inshallah

This is good may the incoming have the capacity to do more or better still sell off the country

Nigerians are clearly the enemies of themselves n the country

They are slaves to tribe n religion
I don't pity them

I'm sure his not aware... Dumb president
May buhari never happen to us in this country again

The lifeless thief is a WOEFUL FIASCO!

The only THING worse than buhari is buhari ITSELF.

Buhari's low IQ doomed us all❗️❗️😕😕😕



Under him, every sector of nationhood
collapsed.


Agriculture
Petroleum
Security
Food security
Education
Power
Public infrastructure
Currency
Health


Name it❗️❗️❗️😕😕😕😕

Buhari knew there was fuel subsidy all along. In fact, as one time petroleum minister and as one time HOF, he directly supervised fuel subsidy. I blame the overgrown toddlers that blindly campaigned for him. In all, Buhari is very useless. His uselessness definitely rubs on every APC supporter.

The masses will never forgive this idiot. Because the whole thing is telling on us.

successmatters:


When did they give you your senses back?

Help me ask him, dis one wey nor well

Manny21:
You may be surprised that Buhari is not aware of the loot. The cabal is in control of Aso Rock. The tenure of Buhari's cabal is about to come to an inglorious end. It will be replaced by Tinubu's cabal. I pray Tinubu does not abandon governance to his cabal the way Buhari did.

Half truth is no truth.

The worst disaster

lexy2014:


the Nigerian leaders in charge of the economy and fuel subsidy in the last 8years are under which party?

did the problem of Nigeria started in the last 8 years!...I am sure you are aware that APC, PDP, LP etc are just alphabets?....I am sure you are also aware that our politicians migrates from one political party to the other to cushion their selfish interest, many who were in other parties became members of the APC and vice versa...

So what I mean to say is that Nigerian politicians are stupid but their supporters and defenders like you are totally useless and a waste of space and oxygen

All subsidies never existed. They were accounting terms coined to put all of us in the dark and keep on looting as they so wish. God punish them.