₦airaland Forum

ceejayluv:
Nnpc has spent over $40 billion to overhaul refineries in the past 20 years whereas Dangote built a new One with a larger capacity than the Nnpc 4 combined with $20 billion.
Nnpc and BAT don't want the refineries to work. He should prove us wrong .

Yeah, so? And it has probably lost just as much due to selling under subsidy

The harsh truth is, if you are operating at a loss, all that money is going to be stolen over time or lost via loss making sales. That's how damaging subsidy is. Because free money is coming in and you really do not need to be profitable to make cash, corruption and looting will resukt


Venezuela does subsides..and it's largest refinery produces at less than one ninth the former capacity . Same issue. Is Nnpc.running Venezuela refining?

The long and short is, if nnpc was allowed to operate profitably, that 40 million would be well spent.

Dangote can do what he did because the banks know that if he messes up , they can get their money back. Plus since he most likely would sell at a profit , the refinery would work.

Because if it loses money,there would be no government rescue via finances and subsides. So it has to work


Free money is an easy way to sabotage anything..making people work for a profit is a way to ensure stuff works

lexy2014:
i thought it was obi and igbos that were the problem?

what did northerners do this time?

how is tinubu the best president we ever had?

We de drink beer for southeast
Make una do waste of time protest

When una finish
Una tell us

As for ndigbo, biafra and igbos
We will enjoy una pains


Hahahahahah
The best president we Ever had

Gwo gwo gwo gwo

Utanisco:
We de drink beer for southeast
Make una do waste of time protest

When una finish
Una tell us

As for ndigbo, biafra and igbos
We will enjoy una pains


Hahahahahah
The best president we Ever had

Gwo gwo gwo gwo

who is the "una" you are referring to?

nairalanda1:
Yeah, so? And it has probably lost just as much due to selling under subsidy

The harsh truth is, if you are operating at a loss, all that money is going to be stolen over time or lost via loss making sales. That's how damaging subsidy is. Because free money is coming in and you really do not need to be profitable to make cash, corruption and looting will resukt


Venezuela does subsides..and it's largest refinery produces at less than one ninth the former capacity . Same issue. Is Nnpc.running Venezuela refining?

The long and short is, if nnpc was allowed to operate profitably, that 40 million billion would be well spent.

Dangote can do what he did because the banks know that if he messes up , they can get their money back. Plus since he most likely would sell at a profit , the refinery would work.

Because if it loses money,there would be no government rescue via finances and subsides. So it has to work


Free money is an easy way to sabotage anything..making people work for a profit is a way to ensure stuff works

Oya na, the subsidy has been removed, why the backpedalling in the supply of crude to Dangote?. And why the perennial postponement of the start of operation of Nnpc refineries. The political Will is not there. Tinubu is the Minister of petroleum, I presume. He had to wait till Dangote And Nigerians cried out before he approved the sale of crude to Dangote.
Left for them, we'll keep buying from Malta.

Atink una talk say d #endbadgovt nor consyn una and as such una refuse to protest for una side (while adding petrol to the fire for the other sides)?

So na wetin we wan take this una inconsequential anger buy now?

MadamVanessa:


Last last this fool will succumb and remove fuel subsidy, let him prove tough, it would soon clear him for eyes.

lyndire:
He will face the consequences

zed7:
This man is clueless and has run out of ideas. We're now in a dictatorship.

Even if you want to keep your senseless policies, at least show some sensitivity by reducing the cost of governance.

MasterJayJay:
Tinubu is a disaster.

Reloadedisraelp:
lol.... This one Neva still know wetin Dy happen..... The people in charge of Nigeria offshore are Mainly tinubu relative including himself..... Now ask ur olodo 😁 self if any refinery in the country is refining crude oil?.... Answer is" NO"

Then how come u are getting fuel is another question u need to ask ur olodo self....ok we import fuel at a very expensive price right?and fuel subsidy is gone right? 🤣

Ok so where is the country crude oil is going if we import fuel? ... Ok they have use it to take loans lol 🤣..... From one trick to another yet some Nigerians keep supporting those useless leaders..... Fact is that tinube nor send anybody, subsidy is still very much alive and all the money Dy enta one person pocket.... They take the country crude oil to other countries to refine and bring it back to us as imported fuel, reason why dangote and other refinery cannot get crude oil....

this is really deep.

[quote author=Nvestor02 post=131317491][/b]
If Tunibu decides to remove the subsidy, it would make him seem like the most incompetent president ever. But I know how brave Tunibu is, and I believe no amount of criticism will stop him from pushing Nigeria forward. Thanks.

Removing the subsidy is their main demand because the people behind this protest are the ones benefiting from it, and they want it back to drain Nigeria even more.

This decision is the right move to improve Nigeria. We've already seen how he increased the allocation by 41%. I can't understand what these people are thinking when they say Timangu is on the wrong path.

To make Nigeria better, everyone needs to make sacrifices. What you eat is your responsibility than the government's. Let that really sink in.
[/quote


The political class must make sacrifices too. They have to cut down all their expenses too and stop purchasing luxury cars and using tax payers money to fund their health care abroad. Enough is enough.
The masses alone can't be the ones to make sacrifices.
Govt is given free fuel but I pay for fuel. Who is fooling who? Who is making sacrifices?

Salewa97:
Baba Tinubu, you dey talk true!

Removing fuel subsidy is a bold step towards fixing our economy for the future. Those temporary fixes have only held us back for too long. We need a leader who can make tough choices for the betterment of Nigeria. Let the protesters shout; true progress always comes with discomfort. We stand with you, Mr. President!

What discomfort is he taking or the discomfort is meant for the masses alone? Politicians get free fuel. I have to buy expensive fuel. They get free fuel out of the numerous free goodies that they get along with their families.
E go clear for Una eyes soon

lexy2014:
who is the "una" you are referring to?

I tot you're one of those abokis

Nvestor02:
[/b]
If Tunibu decides to remove the subsidy, it would make him seem like the most incompetent president ever. But I know how brave Tunibu is, and I believe no amount of criticism will stop him from pushing Nigeria forward. Thanks.

Removing the subsidy is their main demand because the people behind this protest are the ones benefiting from it, and they want it back to drain Nigeria even more.

This decision is the right move to improve Nigeria. We've already seen how he increased the allocation by 41%. I can't understand what these people are thinking when they say Timangu is on the wrong path.

To make Nigeria better, everyone needs to make sacrifices. What you eat is your responsibility than the government's. Let that really sink in.

everyone needs to make sacrifices except ur politicians
Maybe ur family lots needs to kpai as part of the sacrifices to move the nation forward
Retarded braindead idiot.
What you eat is your responsibility??
When the govt policies impacts the purchasing power of the naira we earn and spend?
My guy you're very mardd stupppeed

The protest should continue,
The shooting of protesters in the north was deliberate,
One aboki that was interviewed on aljazeera,who is a government made a mistake, slip of tongue and said the soldiers were told to shoot any protester but immediately corrected himself,
We need to fight back,
Tinubu should be paid 70k minimum wage too , let's see how he will live

Chinkoalhaji34:
E go pain some people for body, but na wetin we suppose do to move forward.

Peter Obi go just dey sit down dey plan how to continue the wahala wey him start.

No be him sabi anything about governance, na only for mouth him dey shine.

does this statement make sense to you? What concerns Peter Obi with the issue on ground now?

ceejayluv:
Nnpc has spent over $40 billion to overhaul refineries in the past 20 years whereas Dangote built a new One with a larger capacity than the Nnpc 4 combined with $20 billion.
Nnpc and BAT don't want the refineries to work. He should prove us wrong .

True talk name sake

Nvestor02:
[/b]
If Tunibu decides to remove the subsidy, it would make him seem like the most incompetent president ever. But I know how brave Tunibu is, and I believe no amount of criticism will stop him from pushing Nigeria forward. Thanks.

Removing the subsidy is their main demand because the people behind this protest are the ones benefiting from it, and they want it back to drain Nigeria even more.

This decision is the right move to improve Nigeria. We've already seen how he increased the allocation by 41%. I can't understand what these people are thinking when they say Timangu is on the wrong path.

To make Nigeria better, everyone needs to make sacrifices. What you eat is your responsibility than the government's. Let that really sink in.

What are his sacrifices as a leader? Can he reduce ho expenses and meals to match the people's suffering and sacrifices !

I tell you, he is a man that needs to be booted our of that office with all the dubious claims he made today

Kionrae:
everyone needs to make sacrifices except ur politicians
Maybe ur family lots needs to kpai as part of the sacrifices to move the nation forward
Retarded braindead idiot.
What you eat is your responsibility??
When the govt policies impacts the purchasing power of the naira we earn and spend?
My guy you're very mardd stupppeed

The guy is a big fuuuul!! Tinubu should earn 70k simple

Nvestor02:
[/b]
If Tunibu decides to remove the subsidy, it would make him seem like the most incompetent president ever. But I know how brave Tunibu is, and I believe no amount of criticism will stop him from pushing Nigeria forward. Thanks.

Removing the subsidy is their main demand because the people behind this protest are the ones benefiting from it, and they want it back to drain Nigeria even more.

This decision is the right move to improve Nigeria. We've already seen how he increased the allocation by 41%. I can't understand what these people are thinking when they say Timangu is on the wrong path.

To make Nigeria better, everyone needs to make sacrifices. What you eat is your responsibility than the government's. Let that really sink in.

Gibberish!!

Kuginzi:
By Baba Martins


https://dailytrust.com/breaking-tinubu-rules-out-return-of-fuel-subsidy-says-decision-painful-but-necessary/

Quotable quotes from a man that bought his election into the highest office of the land .

I voted Obi because he was the least of the devils contesting . Tinubu was as the biggest devil of all . Very corrupt to the bone . A man who has robbed his way into power . Unfortunately Nigerians are also if not more corrupt . Nigeria is a corruption competition .

We pay in dollars so in dollar term, he is not. Stop focusing on the Naira

DMerciful:
Tinubu is paying more subsidy than Buhari. Use your head for once

UselessBuharist:
His over 20 minutes empty speech is nothing but threats and lies.

That man has nothing to offer Nigerians in the next 3 years

They are not threats, they are warnings that if you do anyhow, you go see anyhow. Live with it

blaise26abj:
Quotable quotes from a man that bought his election into the highest office of the land .

I voted Obi because he was the least of the devils contesting . Tinubu was as the biggest devil of all . Very corrupt to the bone . A man who has robbed his way into power . Unfortunately Nigerians are also if not more corrupt . Nigeria is a corruption competition .

Cry more. Weep more. Tinubu is President till 2031, and no Igbo man will ever rule Nigeria

efighter:
They are not threats, they are warnings that if you do anyhow, you go see anyhow. Live with it

Go die

Nvestor02:
[/b]
If Tunibu decides to remove the subsidy, it would make him seem like the most incompetent president ever. But I know how brave Tunibu is, and I believe no amount of criticism will stop him from pushing Nigeria forward. Thanks.

Removing the subsidy is their main demand because the people behind this protest are the ones benefiting from it, and they want it back to drain Nigeria even more.

This decision is the right move to improve Nigeria. We've already seen how he increased the allocation by 41%. I can't understand what these people are thinking when they say Timangu is on the wrong path.

To make Nigeria better, everyone needs to make sacrifices. What you eat is your responsibility than the government's. Let that really sink in.

So the removal of subsidy is what you call A BRAVE ACT from Tunubu?

No Sir..

That is a wicked and insensitive act!


As long as we do not have functional refineries yet, subsidy removal remains callous, demonic, insensitive and wicked.

Let at least 2 of our refineries start working and then the wicked old man can remove his subsidy...

As for being Brave.

The only brave thing Tunubu could do now is to bring back subsidy, then grow the balls to deal with the so called subsidy cabal.

Tunubu should arrest and prosecute any corruption in the subsidy regime.

Arrest them and jail them, he is the C in C for fuccks sake ..

Then he can talk about being Brave!

But for now there is no bravery in removing subsidy..

He should drop his old, weak and shrunken balls and grow some steel balls.


Reintroduce subsidy and fight the subsidy cabal!

How do you mean we pay in $? Do you buy petrol from fuel station in $? Are you saying NNPC is buying petrol $1/liter and selling to Nigerians at N650/liter. Who pays the difference of N950?

MasterTeeUSA:
We pay in dollars so in dollar term, he is not. Stop focusing on the Naira

AAAA67:
So unfortunate.
None of the issues was addressed or resolved

Suffering continues

Returning fuel subsidies will be madness; Nigeria needs to prioritise investment in electricity, rail transport and food production. Why does the SW depend on the North for food production?

madridguy:

I go stone you hot eba.

---

adanny01:
Not true talk. Before the removal of subsidy, I have said it every chance I had that subsidy is not a bad thing, the problem with subsidy is the process and how NNPC has corrupted it. By removing the subsidy, govt accumulates more money thinking it will be a good thing, no, the corrupted NNPC transferred their greed through petroleum resources to Nigerians. This made inflation rise and at the end of the day, Naira fell.

In summary, Tinubu thinks he saved N9trillion, what's the value of N9trillion compared to what it was 2 yrs ago. Naira has lost 70% of its value under Tinubu. His 9trillion is actually same with 2.7trillion 2 yrs ago.

It's either the economist working with him are not qualified or they all have an ulterior motive to sell this country.

Inflation is still in the hands of NNPC, he can tackle them and real progress can begin or corrupt them more and we will never get out of it. The height of Inflation is a reflection of the amount of money earned by nigeria legitimately but stolen and illegitimately taken out of Nigeria. Look at it this way, the inflation resembles a country that has stopped earning. The burden is poverty on citizens.

The question was can we really afford subsidy? Buhari was borrowing to fund subsidy and defend naira which exactly was the reason why at a point almost all our revenue goes to debt servicing?

How long can we continue down that road?
.
Do you think what's happening in Venezuelan or Zimbabwe isn't possible in Nigeria?

But just yesterday, Minister Bagudu was saying the money obtained from fuel subsidy removal is what NNPCL is using to pay subsidy. So, technically, there is still fuel subsidy according to him. Please, who is deceiving who?
Some of you are very far from seat of power but talk as if you make decisions together and you understand what they are doing up there.

As it stands today, there is no clear accountability of the money obtained from subsidy removal. So you can clearly say it is beneficial for the masses.

Nvestor02:
[/b]
If Tunibu decides to remove the subsidy, it would make him seem like the most incompetent president ever. But I know how brave Tunibu is, and I believe no amount of criticism will stop him from pushing Nigeria forward. Thanks.

Removing the subsidy is their main demand because the people behind this protest are the ones benefiting from it, and they want it back to drain Nigeria even more.

This decision is the right move to improve Nigeria. We've already seen how he increased the allocation by 41%. I can't understand what these people are thinking when they say Timangu is on the wrong path.

To make Nigeria better, everyone needs to make sacrifices. What you eat is your responsibility than the government's. Let that really sink in.

AAAA67:
So unfortunate.
None of the issues was addressed or resolved

Suffering continues

What exactly are your demands?

Atleast let local govt get their allocation directly,stop enriching governors like crooked ybello and others, cut NASS ALLOWANCES PUT THEM PART TIME JOBBERS. WHEN THE MASSED FEEL THE SUBSIDY MONEY IN GRAASROOT NO BODY WILL PROTEST.

PARADIZEPRIEST:
At least let local give get the allocation directly,stop enriching governors like crooked ybello and others, cut NASS ALLOWANCES PUT THEM PART TIME JOBBERS.

Dont be ignorant.

Tinubu does not make all this determination. He simply follows the constitution.

He even went to the extent of suing all the Governors to get the Local Govt full autonomy, a case that he won.

What else do you want?

SmartPolician:
Fuel subsidy cannot return at this time. The way forward is to work on alternatives like CNG. Fuel subsidy was costing this economy so much and oil cartels cashing out with it.

So why didn't you and the president say all this in 2012?



.
Hypocrites everywhere

Salewa97:
Baba Tinubu, you dey talk true!

Removing fuel subsidy is a bold step towards fixing our economy for the future. Those temporary fixes have only held us back for too long. We need a leader who can make tough choices for the betterment of Nigeria. Let the protesters shout; true progress always comes with discomfort. We stand with you, Mr. President!

But in 2012 you said the opposite of what you are saying now.



.
Hpyocrites everywhere