PENGASSAN Confirms Return Of Fuel Subsidy Under Tinubu - Politics (5)

PENGASSAN Confirms Return Of Fuel Subsidy Under Tinubu - Politics (5) - Nairaland

Nairaland Forum › Nairaland General › Politics › PENGASSAN Confirms Return Of Fuel Subsidy Under Tinubu (34454 Views)

Re: PENGASSAN Confirms Return Of Fuel Subsidy Under Tinubu by worksmart(m): 2:40pm On Oct 08, 2023*

When Buhari says subsidy is a hoax nobody believed him.
See now, how can something that is real be repeatedly removed ?

The term "subsidy removal" is just a smokescreen behind which govt can hike prices of that commodity without having to account for the revenue they raise from the price hike.

By calling it subsidy removal they make it seem that they are not hiking prices but just taking the subsidy "gift" they had graciously given.

To really understand that use of the term in Nigeria is fraudulent , is to understand that there is not a single instance in Nigeria history where a government announced the the subsidization of fuel.

YaraDua and Buhari slightly reduced fuel prices but they never called it subsidy because it was not. Subsidy is when you sell a commodity at a cost lower than it costs you to deliver. No govt in Nigeria has ever subsidized fuel.

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Re: PENGASSAN Confirms Return Of Fuel Subsidy Under Tinubu by gabbytabby: 2:43pm On Oct 08, 2023

Here they are the fly on every wall.

Saboteurs and traitors.

Taylor92:
Where are the online miscreants that keeps shouting “SUBSIDY IS GONE FOR GOOD”

I’ve never seen a directionless frog like Tinubu

Certified certificate forger

1 Like 1 Share

Re: PENGASSAN Confirms Return Of Fuel Subsidy Under Tinubu by Whytelyon(m): 2:44pm On Oct 08, 2023

Templarlandry

Your useless lord and personal saviour , commander in chief of Forgers and LGBTQ COMMUNITY CHAIRMAN don fuel subsidy. Make you advice am make e return the price of fuel before thunder fire Una two.

Abi you go come speak another disjointed English for here. Failure upon failure. Make atiku do fast exit this useless man for that country.
As for you, make I no say anything to you. Keep equating no wisdom and no IQ with patriotism. I day sorry for you.

Mxm.

1 Like 1 Share

Re: PENGASSAN Confirms Return Of Fuel Subsidy Under Tinubu by nairalanda1(m): 2:47pm On Oct 08, 2023

Never ever trust a Nigerian politican

APC has gone back to bad economic practice, so to speak.

Like I said, Nigerian politicans prefer subsidy...because they want to be voted back into office. Not because they want to leave behind a legacy that would benefit Nigerians.

At the end, the same old show continues.

Re: PENGASSAN Confirms Return Of Fuel Subsidy Under Tinubu by ivandragon: 2:48pm On Oct 08, 2023

favor914:
Good luck to you & family.

My family would never support such character.

You & your family are the moral degenerates here.

1 Like

Re: PENGASSAN Confirms Return Of Fuel Subsidy Under Tinubu by LivingSage: 2:51pm On Oct 08, 2023

Without functioning refineries, it'll always be zero.

Nonsense

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Re: PENGASSAN Confirms Return Of Fuel Subsidy Under Tinubu by Whytelyon(m): 2:51pm On Oct 08, 2023

nairalanda1:
Never ever trust a Nigerian politican

APC has gone back to bad economic practice, so to speak.

Like I said, Nigerian politicans prefer subsidy...because they want to be voted back into office. Not because they want to leave behind a legacy that would benefit Nigerians.

At the end, the same old show continues.

Uncle, it was never removed. This thief Una put for aso rock day exploit everybody.

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Re: PENGASSAN Confirms Return Of Fuel Subsidy Under Tinubu by Coolgent(m): 2:53pm On Oct 08, 2023

With the way things are going Tinubu may not finish well

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Re: PENGASSAN Confirms Return Of Fuel Subsidy Under Tinubu by nairalanda1(m): 2:54pm On Oct 08, 2023

Whytelyon:
Uncle, it was never removed. This thief Una put for aso rock day exploit everybody.

Won't be surprised if it was always there.

No Nigerian leader has been courageous enough to totally deregulate the downstream. Even Abacha never tried it. It is far easier to keep subsidy than to remove it totally

Even though it is wrecking our economy, and fuelling the corruption and mess in the oil sector, and has cost us 4 working refineries in 20-30 years. And worsened our deficit over the years.

Nigerians love cheap fuel. That includes Tinubu and APC leaders and their followers...and their opponents too.

Re: PENGASSAN Confirms Return Of Fuel Subsidy Under Tinubu by Shattuck(m): 2:54pm On Oct 08, 2023

Buhari was paying subsidy for us to buy fuel at 160 tinubu is paying the same subsidy yet price of fuel is almost 700 per litre, make this make sense to me.

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Re: PENGASSAN Confirms Return Of Fuel Subsidy Under Tinubu by wrongnumber: 2:55pm On Oct 08, 2023

A criminal can never rule well

1 Like

Re: PENGASSAN Confirms Return Of Fuel Subsidy Under Tinubu by nkemjacob2(m): 2:55pm On Oct 08, 2023

On BAT mandate we shall stand . Hope they are still standing

1 Like

Re: PENGASSAN Confirms Return Of Fuel Subsidy Under Tinubu by Basicend: 2:56pm On Oct 08, 2023

When even countries like China are now creating aircrafts to go to the Moon and planning for mars. .

When most developed nations are already producing systems and cars that are eco-friendly. . No need for fuel. .

Nigeria (My dear country) (So-called Giant of Africa) is still struggling to have one single oil refinery to distribute refined oil to her citizens.

God have mercy on a black man. .

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Re: PENGASSAN Confirms Return Of Fuel Subsidy Under Tinubu by nairalanda1(m): 2:57pm On Oct 08, 2023

worksmart:
When Buhari says subsidy is a hoax nobody believed him.
See now, how can something that is real be repeatedly removed ?

The term "subsidy removal" is just a smoke screen behind which govt can hike prices of that commodity.

By calling it subsidy removal they make it seem that they are not hiking prices but just taking the subsidy "gift" they had graciously given.

To really understand that use of the term in Nigeria is fraudulent , is to understand that there is not a single instance in Nigeria history where a government announced the the subsidization of fuel.

YaraDua and Buhari slightly reduced fuel prices but they never called it subsidy because it was not. Subsidy is when you sell a commodity at a cost lower than it costs you to deliver. No govt in Nigeria has ever subsidized fuel.

Subsidy has always been there.

If there was no subsidy really, by now fuel would be costing between N800-1000 or more. (Niger republic has fuel at N1000 and Ghana is almost at N900 PER liter. No subsidy, working refineries in both countries). In 2015, June, for example,if there was no subsidy, fuel would have been over N130 per liter instead of the N87. In 2012, January, fuel would have been above N100 instead of the N65 it was there.

There always has been a subsidy. The hoax is the corruption inherent in the thing. Free government money promotes a lot of evil.

2 Likes

Re: PENGASSAN Confirms Return Of Fuel Subsidy Under Tinubu by creativehubb: 2:58pm On Oct 08, 2023

It's a good thing, a president listens and adjust accordingly. A president can't be rigid...but must intervene when the sufferings of the people gets unbearable. Listening president is good.

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Re: PENGASSAN Confirms Return Of Fuel Subsidy Under Tinubu by jesmond3945: 2:59pm On Oct 08, 2023

Chigozie321:
Would you prefer we buy fuel at N900 to a liter?

Our major problem is lack of functioning refineries. A partial subsidy is still better than nothing.

no i prefer atleast 200 naira. Propaganda will not take us anywhere.

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Re: PENGASSAN Confirms Return Of Fuel Subsidy Under Tinubu by seunjungle1(m): 3:01pm On Oct 08, 2023

Because of hatred towards ourselves we don't even know how to criticise constructively. What we see in every of our criticism now a date are hatred, bad thought, nepotism, bigotry, etc.

Even if the subsidy is back as it was mentioned in the above news. Is it bad or good?
The fluctuation in the price of crude globally and the effect of high exchange rate must surely increase the price of fuel.

What I want somebody reading my epistle to know is that this administration is not in anyway finding it interesting to pay for any subsidy. The #169 billion plus they pay is for this administration not to add to the already created hardship in the land.

According to the new subsidy analysis, if fuel is to go back to #197 per litre. That means FG will be paying #569 billion every month to subsidies fuel for few citizens and oil cabal in Nigeria.

Nigeria, je ki ori e ko pe oo.

Re: PENGASSAN Confirms Return Of Fuel Subsidy Under Tinubu by Bimpe29(m): 3:02pm On Oct 08, 2023

Even if the exchange rate reduce as reported, there's nothing that would effectively stabilize the price regime of PMS until the refinery is operational to refine the crude for local consumption and export purposes.

Re: PENGASSAN Confirms Return Of Fuel Subsidy Under Tinubu by OluwaBlessyn: 3:03pm On Oct 08, 2023

$50m held back ‘illegally’

Hmmm,we know where that money will end up eventually

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Re: PENGASSAN Confirms Return Of Fuel Subsidy Under Tinubu by Againstallodds: 3:03pm On Oct 08, 2023

TechCapon:
Subsidy was maintained by the buhari regime and fuel was 185, now the same subsidy is being paid by Tinubu's regime and fuel is 620.

when you have a questionable first class in accounting

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Re: PENGASSAN Confirms Return Of Fuel Subsidy Under Tinubu by StOla: 3:04pm On Oct 08, 2023

TechCapon:
Subsidy was maintained by the buhari regime and fuel was 185, now the same subsidy is being paid by Tinubu's regime and fuel is 620.

Not the same subsidy.

Subsidy is not a fixed amount as oil price continues to fluctuate.

What this news is reporting is that the government is secretly paying the amount of subsidy that will keep the price at N620, otherwise the price should have risen higher if the government left it to market forces.

As I have always maintained, dem never born the person that can successfully remove subsidy before we start a full local refining of all the fuel we need to consume within Nigeria.

That is simply because Nigerians cannot afford soaring fuel prices that seem to affect every other commodity or service in the country.

Until we can sever the links between fuel price and cost price of items, and dollar-Naira exchange rate and the cost price of items, we will never have a grip over our economy.

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Re: PENGASSAN Confirms Return Of Fuel Subsidy Under Tinubu by Onyiridike(f): 3:05pm On Oct 08, 2023

Donedeal1:
Remove subsidies complains

Restored subsidies complains

Olorun,help this career noise makers.

You restored subsidy and still sell fuel at 620 naira?
What was the price before subsidy was removed?

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Re: PENGASSAN Confirms Return Of Fuel Subsidy Under Tinubu by dazzlingd(m): 3:07pm On Oct 08, 2023

Tinubu first few months is a failed government

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Re: PENGASSAN Confirms Return Of Fuel Subsidy Under Tinubu by Raregem9000(m): 3:08pm On Oct 08, 2023

Subsidy can never go in Nigeria. Lol. President Buhari removed subsidy in 2016, where he jacked up the price of PMS from N87 he inherited in 2015 to N145 and declared subsidy gone but today we're still talking about same subsidy.

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Re: PENGASSAN Confirms Return Of Fuel Subsidy Under Tinubu by Deogratiasfx: 3:10pm On Oct 08, 2023

Any where belle face government. I hail una

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Re: PENGASSAN Confirms Return Of Fuel Subsidy Under Tinubu by RoyalUc(m): 3:10pm On Oct 08, 2023

poiZon:
No na, he went to school but na VENDOR give am certificate.

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Re: PENGASSAN Confirms Return Of Fuel Subsidy Under Tinubu by worksmart(m): 3:11pm On Oct 08, 2023

Tell me where a govt has ever announced that they are selling fuel a price lower than it costs them to produce because that is the meaning of subsidy.

nairalanda1:
Subsidy has always been there.

If there was no subsidy really, by now fuel would be costing between N800-1000 or more. (Niger republic has fuel at N1000 and Ghana is almost at N900 PER liter. No subsidy, working refineries in both countries). In 2015, June, for example,if there was no subsidy, fuel would have been over N130 per liter instead of the N87. In 2012, January, fuel would have been above N100 instead of the N65 it was there.

There always has been a subsidy. The hoax is the corruption inherent in the thing. Free government money promotes a lot of evil.

1 Like 1 Share

Re: PENGASSAN Confirms Return Of Fuel Subsidy Under Tinubu by LOVEGINO(m): 3:11pm On Oct 08, 2023

slivertongue:
APC is a confused party

no be only apc. Na all of us.

Re: PENGASSAN Confirms Return Of Fuel Subsidy Under Tinubu by Karemarealty288(m): 3:12pm On Oct 08, 2023

Flame333:
Where are the relevant baboons of the druggy, I await their defence of a colossal failed party...

See them standing on his mandate...

1 Like

Re: PENGASSAN Confirms Return Of Fuel Subsidy Under Tinubu by Basicend: 3:16pm On Oct 08, 2023

creativehubb:
It's a good thing, a president listens and adjust accordingly. A president can't be rigid...but must intervene when the sufferings of the people gets unbearable. Listening president is good.

That is what this biased clowns don't understand.

1 Like

Re: PENGASSAN Confirms Return Of Fuel Subsidy Under Tinubu by worksmart(m): 3:17pm On Oct 08, 2023

Stop lying Buhari never called that subsidy removal and never made any such announcement. Buhari always insisted that fuel was never subsidized, so increasing fuel price to N145 was a price hike (which is all it was) but not called subsidy removal because you cannot remove something that was never there.

Raregem9000:
Subsidy can never go in Nigeria. Lol. President Buhari removed subsidy in 2016, where he jacked up the price of PMS from N87 he inherited in 2015 to N145 and declared subsidy gone but today we're still talking about same subsidy.

2 Likes 1 Share

Re: PENGASSAN Confirms Return Of Fuel Subsidy Under Tinubu by creativehubb: 3:18pm On Oct 08, 2023

Basicend:
That is what this biased clowns don't understand.

Most are just haters because their candidate lost, bitter souls. A president must be flexible. It's all about the good of the people and society.

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