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"They Told Us Subsidy Was Gone, But Quietly Spent ₦7.1tn" - Rufai Oseni - Politics (3) - Nairaland

Nairaland ForumNairaland GeneralPolitics"They Told Us Subsidy Was Gone, But Quietly Spent ₦7.1tn" - Rufai Oseni (10382 Views)

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Re: "They Told Us Subsidy Was Gone, But Quietly Spent ₦7.1tn" - Rufai Oseni by budaatum: 7:16pm On Jul 16
anonimi:
How do we end this worst scammer in the midst of our politicians,....
We organise. We understand what we are trying to end. We plan. And we execute our plan to accomplish our goal.

I've made it sound very simple, I know, but 'organise' alone is like climbing Mount Kilimanjaro, and the other steps are equally as tough if not moreso to accomplish.
Re: "They Told Us Subsidy Was Gone, But Quietly Spent ₦7.1tn" - Rufai Oseni by BATified2023: 7:16pm On Jul 16
nairalanda1:
Bringing back subsidy from January 1 2026 would have cost the government ₦38 trillion to ₦52 trillion this year.

7.1 trillion is too small for subsidy costs if there was a subsidy being paid

Modified

Basically, Oseni was referring to the partial subsidy (which government lied about) that was paid between October 2023 and april 2024. (I of course saw what was happening and was amused by the lies. The figures were even public knowledge back then).

What pisses people off is that the subsides did nothing to reduce oil prices . Of course it won't To really reduce oil prices, government would have had to pay far more than that and over a longer period of time.

As far as we know, no subsidy has been paid since may 2024, and if government has been doing it since then, may the gods have mercy on us, because our debt would eventually rise to levels not seen in anyone's lifetimes.
so what's your point cos u seems to b going back n forth
Re: "They Told Us Subsidy Was Gone, But Quietly Spent ₦7.1tn" - Rufai Oseni by Elusive001: 7:20pm On Jul 16
nairalanda1:
In response




And it lasted until April 2024.

(It was included in NNPC's financial report of that year).

As reported by Business day, this payment applied only to NNPC sold fuel, not to dangote or other imported fuels.
Are you normal?

Only NNPC sold fuel? Why must it be? Didn't Tinubu say that subsidy was gone? Didn't you clap at it? Why support this theft?

How many litres of fuel did the NNPC sell? Why subsidise if the market has been deregulated?

How do you know that this money was actually used for subsidy?

Una go just dey support evil like say na una dey hold towel for satan.

Bwala was correct after all.
Re: "They Told Us Subsidy Was Gone, But Quietly Spent ₦7.1tn" - Rufai Oseni by MIKOLOWISKA: 7:21pm On Jul 16
givedemwotowoto:
Nigerians must fight for their democracy else they will lose it forever.

It will get worse if these people ever get re-elected.
democracy can never be lost
Don't worry the politicians will fight for it
Most citizens are just noise makers
Re: "They Told Us Subsidy Was Gone, But Quietly Spent ₦7.1tn" - Rufai Oseni by anonimi: 7:24pm On Jul 16
chrisxxx:
Our presidentila candidates all listened to Obi. Obi came up with idea of removing subsidy. Obidients clapped and applauded him. Atiku saw the applause and keyed in. Tinubu followed. Unfortunately in Tinubu copying he did foolery of himself by copying both the idea and the name of who propagated the idea.
Where was your hypocrite Obi in 2012 when Jonathan removed subsidy and Tinubu organised APC leaders looters to play politics with the issue?




https://www.youtube.com/watch?v=4x5IMzjHPug
Re: "They Told Us Subsidy Was Gone, But Quietly Spent ₦7.1tn" - Rufai Oseni by givedemwotowoto(op): 7:24pm On Jul 16
Borrow2222:
The worst part is most of them don't even want to be rescued.

They're still blinded by tribalism and religion.

I'm even tired of telling them to vote out APC.

They can vote for anybody they like for all I care. Nobody is doing anybody a favour by voting for the right person.
I get it, it's not easy fighting for people, especially when many of them don't seem to be putting much effort into solving the problem.

The motivation is the ones who are actively trying. Hopefully the message gets loud and convincing enough for the majority.

But at the end of the day, did we do our part to sensitize, educate, and inform them? At least I can say I did but they said "No thank you".
Re: "They Told Us Subsidy Was Gone, But Quietly Spent ₦7.1tn" - Rufai Oseni by nairalanda1(m): 7:25pm On Jul 16
Elusive001:
Are you normal?

Only NNPC sold fuel? Why must it be? Didn't Tinubu say that subsidy was gone? Didn't you clap at it? Why support this theft?

How many litres of fuel did the NNPC sell? Why subsidise if the market has been deregulated?

How do you know that this money was actually used for subsidy?

Una go just dey support evil like say na una dey hold towel for satan.

Bwala was correct after all.
First off, your abusive language is rather off the mark.

Second, it said so in the business day report. Link is there

Third, I have repeatedly stated on this thread that the decision to even pay the money was bad for Nigeria.

Thanks.
Re: "They Told Us Subsidy Was Gone, But Quietly Spent ₦7.1tn" - Rufai Oseni by anonimi: 7:26pm On Jul 16
budaatum:
We organise. We understand what we are trying to end. We plan. And we execute our plan to accomplish our goal.

I've made it sound very simple, I know, but 'organise' alone is like climbing Mount Kilimanjaro, and the other steps are equally as tough if not moreso to accomplish.
Don’t you think that enlightenment is the first step to make us have a better expectation of what is done with our commonwealth at local, state and federal levels to employ well paid workers for the provision of basic services and utilities to all huh
Re: "They Told Us Subsidy Was Gone, But Quietly Spent ₦7.1tn" - Rufai Oseni by budaatum: 7:33pm On Jul 16
anonimi:
Don’t you think that enlightenment is the first step to make us have a better expectation of what is done with our commonwealth at local, state and federal levels to employ well paid workers for the provision of basic services and utilities to all huh
Enlightenment is a huge word, but it is certain that the unenlightened can not organise or plan, and they can most definitely not accomplish goals. In fact, without some enlightened people, there would be no "we".

It would be wonderful if we could all be enlightened, but some enlightened would be fine, if they are truly enlightened.
Re: "They Told Us Subsidy Was Gone, But Quietly Spent ₦7.1tn" - Rufai Oseni by chatinent: 7:35pm On Jul 16
Stolen.
Re: "They Told Us Subsidy Was Gone, But Quietly Spent ₦7.1tn" - Rufai Oseni by PACIONS(m): 7:38pm On Jul 16
molotov1:
You just overstated the obvious.
This scam needs to end.
APC needs to end..

Haha ...everyday a new scam.
United Against Bad Governance: Reclaiming Nigeria’s Democracy from Cartel Politics

Nigeria stands at a critical crossroads. For far too many citizens, the promise of democracy feels increasingly hollow. What was meant to be a government of the people, by the people, and for the people has, in the eyes of growing numbers, morphed into something resembling a cartel system — where power is concentrated, institutions are compromised, and accountability is strategically undermined. This is not the democracy millions fought and died for. It is a betrayal that demands a collective response.

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The honest truth, as many courageous voices have noted, is that Nigeria deserves better. A vibrant democracy cannot thrive when institutions meant to check power instead enable its abuse. When anti-corruption agencies appear selective, when oversight bodies are weakened, and when public resources are treated as spoils for the connected few, the social contract frays dangerously. Citizens watch as scandals that should spark resignations or prosecutions are quietly managed or buried under bureaucratic delays. This pattern breeds cynicism, apathy, and, worst of all, the slow death of public faith in the system.

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To every Nigerian who still believes in the promise of this great nation: keep the faith, but pair it with action. Teach your children the value of integrity in public service. Support ethical leaders. Hold your representatives accountable. Engage constructively, vote wisely, and reject mediocrity dressed in political robes.

Nigeria’s greatness will not be delivered by any single party or leader. It will be reclaimed by the collective will of its people standing firmly against bad governance. Let this be our resolve: no more cartel politics. No more compromised institutions. No more acceptance of failure as destiny.

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Ogunfeyitimi Tope Joshua (Geocologist)

Re: "They Told Us Subsidy Was Gone, But Quietly Spent ₦7.1tn" - Rufai Oseni by CharlotteFlair: 7:39pm On Jul 16
When a known criminal with international criminal credentials is on top, that's what you get.
Re: "They Told Us Subsidy Was Gone, But Quietly Spent ₦7.1tn" - Rufai Oseni by Diligence: 7:39pm On Jul 16
Zero Transparency. Lagos Blueprint means: the more you look, the less you see. You will hear of Trillions of naira in revenue, but ultimately, what you will see will be taxes, taxes, taxes, & then... indebtedness that doesn't make any sense!
Re: "They Told Us Subsidy Was Gone, But Quietly Spent ₦7.1tn" - Rufai Oseni by reddingtonblack: 7:41pm On Jul 16
nairalanda1:
Bringing back subsidy from January 1 2026 would have cost the government ₦38 trillion to ₦52 trillion this year.

7.1 trillion is too small for subsidy costs if there was a subsidy being paid

Modified

Basically, Oseni was referring to the partial subsidy (which government lied about) that was paid between October 2023 and april 2024. (I of course saw what was happening and was amused by the lies. The figures were even public knowledge back then).

What pisses people off is that the subsides did nothing to reduce oil prices . Of course it won't To really reduce oil prices, government would have had to pay far more than that and over a longer period of time.

As far as we know, no subsidy has been paid since may 2024, and if government has been doing it since then, may the gods have mercy on us, because our debt would eventually rise to levels not seen in anyone's lifetimes.



Modifed 2

People think that a subsidy coming back at that time would have reduced prices to N200 or less. That;s not how it works.
lets believe you are right, Please explain what energy security expenses entail huh

Mind you, Dangote as taking over major supply esp. In 2026

and why the introduction or is a regular " entry"
Re: "They Told Us Subsidy Was Gone, But Quietly Spent ₦7.1tn" - Rufai Oseni by budaatum: 7:46pm On Jul 16
nairalanda1:
First off, your abusive language is rather off the mark.

Second, it said so in the business day report. Link is there

Third, I have repeatedly stated on this thread that the decision to even pay the money was bad for Nigeria.

Thanks.
It is a pity that some are not putting in the work to understand you despite how easy you make it.

Please do not tire. Some appreciate your effort.
Re: "They Told Us Subsidy Was Gone, But Quietly Spent ₦7.1tn" - Rufai Oseni by nairalanda1(m): 7:48pm On Jul 16
reddingtonblack:
lets believe you are right, Please explain what energy security expenses entail huh

Mind you, Dangote as taking over major supply esp. In 2026

and why the introduction or is a regular " entry"
It's been explained elsehwere by me on this thread...at one point I posted a link to a buisness day article that gives the full details. Sahara reporters also did an indepth too

And anyway, I don't even support the payment of the thing. Subsidy being gone is supposed to have been gone. That government brought it back for some months was proof to me that they were not interested in economic decision in our interest.
Re: "They Told Us Subsidy Was Gone, But Quietly Spent ₦7.1tn" - Rufai Oseni by chopnaira: 7:57pm On Jul 16
This Animal science graduate turned to quack journalist is now thinking he is an economist. Lol.

Meanwhile.

Re: "They Told Us Subsidy Was Gone, But Quietly Spent ₦7.1tn" - Rufai Oseni by chopnaira: 8:01pm On Jul 16
nairalanda1:
It's been explained elsehwere by me on this thread...at one point I posted a link to a buisness day article that gives the full details. Sahara reporters also did an indepth too

And anyway, I don't even support the payment of the thing. Subsidy being gone is supposed to have been gone. That government brought it back for some months was proof to me that they were not interested in economic decision in our interest.
I have seen you call out APC gov several times. Even today, you still me tiomed them lying about subsidy earlier on in the administration, but the moment you commend the government 1%, they assume you support APC. You wonder why some people call others cultist or belonging to a cult group. They just want to feed themselves with bad news all the time. It reminds me of MAGA supporters of Biden era in America.
Re: "They Told Us Subsidy Was Gone, But Quietly Spent ₦7.1tn" - Rufai Oseni by Eriokanmi: 8:18pm On Jul 16
molotov1:
You just overstated the obvious.
This scam needs to end.
APC needs to end..

Haha ...everyday a new scam.
Not by mouth or nairaland post. It's operation get your pack wevdey, in case you don't have one. We need to send them packing
Re: "They Told Us Subsidy Was Gone, But Quietly Spent ₦7.1tn" - Rufai Oseni by givedemwotowoto(op):
budaatum:
It is a pity that some are not putting in the work to understand you despite how easy you make it.

Please do not tire. Some appreciate your effort.
His opinion shifted a lot.

@ nairalanda1 let me summarize your comments and highlight why you're being misunderstood. This was an own goal:

1. First you started with "₦7.1 trillion is too small for subsidy costs if there was a subsidy being paid."
Your comment here disputed whether there was subsidy payment or not in the first place.

2. You reinforced your doubt that there was ever subsidy payments with this comment: "I would be glad if there was proof that NNPC was secretly doing a subsidy..."

3. Then you posted: "Based on quick research... Tinubu reinstated subsidy in October 2023 and kept it for seven months...".
Here, you did some quick research and now you accept there were subsidy payments.


4. Based on your earlier doubt, I asked: "You have seen proof that NNPC was secretly paying subsidy in 2024, what other proof do you want?

They were lying to Nigerians the entire time while still paying subsidies."


5. This was your response: "Proof was present in the open. Prices stopped rising for seven months from October 2023. Having followed the subsidy thing closely since 2011, I knew what was up. It was so obvious."

You even posted in response to my post that they were paying and denying:
"They did, and I was having a good laugh back then because it was so obvious they paid.. Press also reported on the payments, though they used the offical euphemisim of 'under recovery'.

I guess there was the usual stealing, but I think most of the money went to the right place, otherwise scarcity would have been massive back then.

But at the end, it worsened our debt and deficit. That's good enough reason to believe the decision was a bad one."

Opinion Shift:
From someone who doubted whether there was subsidy payment, to now saying it was in the open and you were following it up, to even saying you think most of it went to the right place? Like, you acknowledged they lied about subsidy payments, then still trusted that the money was well spent?

This is a serious shift in opinion.

I even challenged and questioned here: "The government denied paying subsidies in 2023 and 2024 while apparently paying partial subsidies... This is a serious case of deception and erosion of public trust. It wasn't in the open as you say."

For ₦7.1 trillion of public money? Yes, I understand why people are pushing back on your comments.
Re: "They Told Us Subsidy Was Gone, But Quietly Spent ₦7.1tn" - Rufai Oseni by specialmati(m): 8:55pm On Jul 16
nairalanda1:
Based in quick research on the Internet, the 7.1 trillion dates from 2024 .

In brief, Tinubu reinstated subsidy in October 2023 and kept it for seven months, before removing it completely

It's not a recent report. Infact it doesn't make sense because oil prices have been quite high for this year. Ain't no way 7.1 trillion would adequately cover subsidy costs for this year or the last.

I would be glad if there was proof that NNPC was secretly doing a subsidy as it would justify my loathing of the APC government even more, but with our fiscal situation as it is , it would be madness to bring back a subsidy of any kind.
grin grin grin grin grin grin grin grin grin grin grin grin grin grin just imagine , one day the devil will learn 1 or 2 tricks from you. nawaa oooh

Re: "They Told Us Subsidy Was Gone, But Quietly Spent ₦7.1tn" - Rufai Oseni by Lithiumite: 8:57pm On Jul 16
nairalanda1:
Bringing back subsidy from January 1 2026 would have cost the government ₦38 trillion to ₦52 trillion this year.

7.1 trillion is too small for subsidy costs if there was a subsidy being paid

Modified

Basically, Oseni was referring to the partial subsidy (which government lied about) that was paid between October 2023 and april 2024. (I of course saw what was happening and was amused by the lies. The figures were even public knowledge back then).

What pisses people off is that the subsides did nothing to reduce oil prices . Of course it won't To really reduce oil prices, government would have had to pay far more than that and over a longer period of time.

As far as we know, no subsidy has been paid since may 2024, and if government has been doing it since then, may the gods have mercy on us, because our debt would eventually rise to levels not seen in anyone's lifetimes.



Modifed 2

People think that a subsidy coming back at that time would have reduced prices to N200 or less. That;s not how it works.
Someone posted an article without a link so anyone could verify on their own,isnt the intent of the OP already clear,to mislead,misinform and propagate puerile propaganda.
Re: "They Told Us Subsidy Was Gone, But Quietly Spent ₦7.1tn" - Rufai Oseni by erico2k2(m): 8:59pm On Jul 16
givedemwotowoto:
"They Told Us Subsidy Was Gone, But Quietly Spent ₦7.1tn" - Rufai Oseni



Source
When I told folkd on here ages ago that no government in Nigeria can remove subsidy they called me names, when I also said this APC r emoving subsidy was a scam they also thought I was out of touch and an enemy of progress.
Re: "They Told Us Subsidy Was Gone, But Quietly Spent ₦7.1tn" - Rufai Oseni by erico2k2(m): 9:00pm On Jul 16
Lithiumite:
Someone posted an article without a link so anyone could verify on their own,isnt the intent of the OP already clear,to mislead,misinform and propagate puerile propaganda.
This is not news, those i n the know already cried out yers back ,cos NNPC refused to xplain what Energy security was for and it ran in to trillions more than the bill for subsidy and we are paying as if there is no subsidy
Re: "They Told Us Subsidy Was Gone, But Quietly Spent ₦7.1tn" - Rufai Oseni by apelikirk: 9:13pm On Jul 16
The day APC goes down Nigeria, Nigerians would celebrate 🍾 independence 💯
Re: "They Told Us Subsidy Was Gone, But Quietly Spent ₦7.1tn" - Rufai Oseni by gabbasin(m):
Subsidy was finally removed in September 2024, as at 29 May 2023 when PBAT announced subsidy removal and petrol prices jumped from 180 to 500 and to 600. NNPC had to intervene to keep the price at 600 as the landing cost of petrol was well over 600. When Dangote started producing petrol in 2024, NNPC is the only offtaker as no marketer can afford to buy from Dangote and dispense in a subsidized market. NNPC was buying from Dangote at a higher price and giving to marketers at subsidized rate. By September 2024, NNPC finally exit itself as the sole offtaker and Dangote Refinery started selling to marketers directly and this finally ends the petrol subsidy regime as fuel price rose to above 900. If Rufai Oseni is pretending not to know this, I won't be surprised because he knows what he's doing. Government did pay for subsidies in 2024.
Re: "They Told Us Subsidy Was Gone, But Quietly Spent ₦7.1tn" - Rufai Oseni by SalamRushdie: 9:48pm On Jul 16
nairalanda1:
Bringing back subsidy from January 1 2026 would have cost the government ₦38 trillion to ₦52 trillion this year.

7.1 trillion is too small for subsidy costs if there was a subsidy being paid

Modified

Basically, Oseni was referring to the partial subsidy (which government lied about) that was paid between October 2023 and april 2024. (I of course saw what was happening and was amused by the lies. The figures were even public knowledge back then).

What pisses people off is that the subsides did nothing to reduce oil prices . Of course it won't To really reduce oil prices, government would have had to pay far more than that and over a longer period of time.

As far as we know, no subsidy has been paid since may 2024, and if government has been doing it since then, may the gods have mercy on us, because our debt would eventually rise to levels not seen in anyone's lifetimes.



Modifed 2

People think that a subsidy coming back at that time would have reduced prices to N200 or less. That;s not how it works.
Even the NNOC admits subsidy was paid all up to December 2024 and it was paid during Dangote price wars but you are here arguing...one day you will tell us wetin una dey gain from supporting bad govts
Re: "They Told Us Subsidy Was Gone, But Quietly Spent ₦7.1tn" - Rufai Oseni by Badb0y4lyf(m): 9:58pm On Jul 16
nairalanda1:
Also the 7.1 trillion naira figure date back from 2024, when government was paying a subsidy (reinstated in October 2023 to April 2024 or thereabouts)

Modified...and it was a wrong decision and it probably worsened our already bad debt.
Nairalanda1 the guru of the energy sector I don’t know if you with them helius and co but your far more coherent and intellectual just speak the truth for the progress o do this nation and our generations to come.
Re: "They Told Us Subsidy Was Gone, But Quietly Spent ₦7.1tn" - Rufai Oseni by NGArmyTerrorist: 10:27pm On Jul 16
Either white people comes back or military comes back. If not the hot soup will continue..
Re: "They Told Us Subsidy Was Gone, But Quietly Spent ₦7.1tn" - Rufai Oseni by dododawa1: 10:55pm On Jul 16
Investigation journalist s at works







ATISE Tv great.
1 2 3 4 Reply

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