We Deceived Nigerians, Nothing Like SURE-P Fund – Gov. Aliyu - Politics (6) - Nairaland
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| Re: We Deceived Nigerians, Nothing Like SURE-P Fund – Gov. Aliyu by stexsy(m): 5:29pm On May 27, 2015 |
why are we blaming Jonathan? At least he was fair enough in 2012 to ve said look lets remove subsidy in totality cos its a scam, wat did Nigerians do? They attacked and cursed him. Aliyu is lying or he shud also tell us wat the money for partial subsidy removal has been used for. He wants us to feel he is a saint. Simple |
| Re: We Deceived Nigerians, Nothing Like SURE-P Fund – Gov. Aliyu by Jobneeded12: 5:31pm On May 27, 2015 |
Arrest NGOZI OKONJO she's a demon |
| Re: We Deceived Nigerians, Nothing Like SURE-P Fund – Gov. Aliyu by omonnakoda: 5:31pm On May 27, 2015 |
chuna1985:Demand and supply is not the the only variable that determines price certainly not for a strategic commodity like energy.That is why countries go to war over it. Sometimes government may choose to control demand by increasing taxes etc . If you have ever heard of the futures market you will not make such an absurd assertion Subsidy my be active or passive e.g making a budgetary provision to subsidize the pump price,in the case of an oil producer making an allocation of an amount of crude for local population and finally OPPORTUNITY COST subsidy i.e selling locally when there is an external buye willing to pay higher. and then selling the petrol at cost price by the state without making a profit. All of these are SUBSIDIES The other issue is that subsidy varies in terms of percentage from 99% to the negative where the state actually TAXES petrol s is the case across much of the EU With respect you are getting into the area of analysis which you are ill equipped for evidently . Yo have failed to provide any interpretative value to your "facts" Russia pays 140 naira per litre meaning what? are you saying there is no subsidy in Russia.? What do you mean by subsidy becomes "detrimental" what does that mean. Population is one variable but it is not the only one. I do not dispute its importance but your analysis is limited by intellectual power constraints unfortunately Your observation that nations with a population over 100 million buy petrol between 150 and 350 is crude like the comedian's observation that Presidents must have the letter B in their names. I do not disagree necessarily with your conclusion.But you have not arrived at that conclusion by a logical or meaningful argument. You are "guessing" Consider the margin between150 and 350 naira that you stated the upper margin is twice the lower and you wish to persuade us that this constitutes a valid "category" and population is what marks them out? . Why not go and lock the shop and make sure it is secure ?? |
| Re: We Deceived Nigerians, Nothing Like SURE-P Fund – Gov. Aliyu by dhorlipizzu(m): 5:39pm On May 27, 2015 |
Realdeals:  Governor Aliyu must be a b a s tard For saying this now.... seems his name is now mr afraid... anyhw na kirikiri maximum lodge get am... already scared of baba |
| Re: We Deceived Nigerians, Nothing Like SURE-P Fund – Gov. Aliyu by lastpage: 5:45pm On May 27, 2015 |
jpphilips: Sir, Cant make sense of what you wrote. Articulate your points properly for me Sir, so l can respond them. If l have 'no idea what is going on', l will appreciate if you educate me here, openly. Tell me why the "cabal is praying that "subsidy" be removed! Which subsidy? How much is the landing cost of PMS produced and refined in Nigeria? How much is the imported version? What is the cost of refining local Crude in other "oil producing countries" like Venezuela or Saudi Arabia, compared to the ones imported to Nigeria? What is the source of the foreign refined Crude Oil? At What Price was it bought (or Stolen/Bunkered) from Nigeria? Who owns the Refinery where it was refined and what is the source of the Money (stolen or looted?) used in building that Refinery? Why would a Ship that bought already refined Crude (PMS/Petrol) from NNPC at a Cheaper Price, sail on the high Seas and do a U-Turn only to come back and claim a huge "Subsidy" for the same PMS, calling it Imported PMS? (Its called Round-tripping, just as much as it is done in the banks, viz-a-viz the Foreign Currency)... These are pertinent questions that you need to address for starters. I was part of the Ojota rally and l did not see any sponsorship from any cabal! .... and that l believe what Jonathan says or take him seriously? Where did you get that idea from? Spell it out for me in numbers and facts..... not all these "are you aware" which dont convey any message. Honestly, what exactly are you trying to say? Am up for a decent conversation. Lastpage! BTW: Pls take it easy on the foul language, it will obfuscate the crucial points you are making. |
| Re: We Deceived Nigerians, Nothing Like SURE-P Fund – Gov. Aliyu by omooba969(m): 6:03pm On May 27, 2015 |
Keep it coming. |
| Re: We Deceived Nigerians, Nothing Like SURE-P Fund – Gov. Aliyu by lastpage: 6:05pm On May 27, 2015 |
omonnakoda: Good post! But my question is this: Assuming we have a few working Refineries and we can refine the amount of Fuel we need locally (That is no importation of refined Product), will the "Cabal" still matter and be a problem? If the answer is "No", will it not make sense to use whatever amount we are paying for "subsidy" since God knows when, to build New refineries and improve the capacity of current ones? Since Obasanjo increased fuel price Seven (7) times within his 8years as President, using the same "need to pay/remove subsidy" each time, what have we been doing with the "accruals" from these incessant price increases? What would be the "final figure" of Petrol price, if there is no subsidy? ....or is it that we would just continue to jack up the price regularly without end? If research by non-governmental organisations have shown that NNPC do produce refined PMS at a price x-amount less than the "imported/subsidized PMS", why cant we then understand that the way forward is to refine what wee need locally, by repairing Refineries and building new ones? Obviously, if we can get the money to pay subsidy for all these decades, we can get the money to build new ones within five years, if the will is there! This incessant and unending increase in pump price reminds me of the same arguments used to privatize NEPA, as a precursor to "incessant Tariff price increases", .........that it would make Power Available but we all know the result as of today, despite the high amount we all pay for the not even available electricity. What will the next "argument or justification" for another round of price increase be? I still maintain that there is no SUBSIDY ab initio, that it is all a SCAM. Lastpage! |
| Re: We Deceived Nigerians, Nothing Like SURE-P Fund – Gov. Aliyu by Nobody: 6:51pm On May 27, 2015 |
Realdeals:plz sori 4 askin o. Wat is sure p all about? |
| Re: We Deceived Nigerians, Nothing Like SURE-P Fund – Gov. Aliyu by Gariga: 7:00pm On May 27, 2015 |
Oh, how I remember Gen Tunde Idiagbon today. GMB pls shop for someone like Idiagbon to head the EFCC ; the likes of Femi Falana, Balarabe Musa, Col Umar Dangiwa, etc |
| Re: We Deceived Nigerians, Nothing Like SURE-P Fund – Gov. Aliyu by lexy2014: 7:36pm On May 27, 2015 |
chuna1985:What your friend is saying is that govts world over subsidize one form of public service or d other. Its all about priority and comparative advantage. ours has become an issue because like every other thing, it is poorly managed by those in govt. They are d ones who have abused it 4 their selfish interests. If d cost of refined products in other countries is high does not necessarily mean our needs 2b high. These countries balance this high prices by giving subsidies in other areas. That's what they owe their people. If petroleum products is what d govt of nigeria chooses 2 subsidise so b it. Afterall, what else do we gain from our govts as nigerians? 1 Like |
| Re: We Deceived Nigerians, Nothing Like SURE-P Fund – Gov. Aliyu by nairamaniac: 7:52pm On May 27, 2015 |
stexsy:why do you Nigerians forget so easily?Jonathan didn't say "let's remove the subsidy, cos its a scam". he said, " let's remove the subsidy cos iv been scammed". he was scammed to spend 1.2trillion naira as against 400 billion which was spent the previous year. now, Jonathan transfered the burdens of his damage to us the ordinary citizens to pay for the excess 800billion. we d citizens played for this damage every subsequent year thru d removal of subsidy. Jonathan's government is the worst ever, economically speaking. no one has even asked why the naira was devalued last year November. the naira was devalued from 160naira/1dollar to above 250naira/1dollar becos our wicked country had to access our foreign-reserve in order to make up for difference in oil-revenue after oil prices had crashed. the yearly budget depends mainly on oil revenue. as oil prices crashed from above $100 to less than $60, the government wdnt have been able to meet up with a budget of 4trillion anymore, the most they WD have gotten is about 2trillion. they needed money from somewhere. that somewhere was the 'foreign reserve'. they wanted it to be plenty wen converted to naira, hence they devalued the naira and the economy and masses suffered just as it suffered when subsidy was removed. My people, God loves this country that y he has directly bailed us out on two major-occassions . the 1st time was thru the death of Abacha. the 2nd time was the removal of Jonathan. 2 Likes |
| Re: We Deceived Nigerians, Nothing Like SURE-P Fund – Gov. Aliyu by jpphilips(m): 8:49pm On May 27, 2015 |
Sir, Read and digest this response I gave to someone who asked the same question earlier. The downstream sector does not operate that way, Like you inferred, there will be competition but it is not the way Nigerians expect, look at Diesel for example, it is deregulated but why is competition not driving down the price? Even when it is obvious the demand for AGO is pretty low, so how did a deregulated commodity in the Nigerian open market defy the laws of Economics? UNIONISM. Like you implied above, anybody can import in a deregulated market fuelling competition, it is not exactly true, there are safety regulations that must be met before you are granted such licence, else Nigeria will be on fire in a matter of days, issue of storage, distribution capacity, inspection and integrity assessment are all considered, not forgetting "political patronage", in the end, only a few will meet the criteria, so its not gonna be an "all come oh! ye faithful" exercise. As soon as they get their licence, they will join a union, Union will commence price fixing and that is where Nigerians will suffer. Now look at what Capital oil did recently, because he is a personal friend to Mr president who contributed immensely to his business success (TAN & AMCON scandal comes to mind), he decided to defy the union to salvage the image of the president, what most of you don't know is that Union has already decided to call off the strike this week ( I heard it on Thursday last week), so, it is inconsequential to the interest of the union. The right question to ask is; why did he not release that product last week? was 13ml the only product he has? what is the reach of Capital oil in Nigeria? he may cover Lagos or some part of Anambra at best, what happens to all the other states? that is where the Union is very powerful. Another factor you need to consider is the international market, the price of crude fluctuates, when it appreciates, no amount of competition will annul that effect viz the price of its end product. Import tax is another area you need to consider, well, you may assume it is an essential commodity hence should get a tax rebate, the sad truth is; once new importers join the queue (of course you want to drive competition), it will mount serious pressure on FOREX, the Govt will have no choice than to tax the products to recover. This import tax will sum up to the cost of the product for the end user. Finally, the strength of the naira, the Naira has been on a free fall for a while and it is going to impact heavily on the cost of the products ( I guess you are aware that Forex differential is part of our subsidy regimen), a sum of all these challenges will annul the possible effect of any competition. So when some ignorant minds compare the downstream sector with Telecommunications, I just Laugh!! Subsidy is the only govt control in the downstream sector and it is good for us, the problem I have with most Nigerians is that they don't really know how to define their interest, the Govt should worry about the subsidy not us. If the union decide to sell at 100 naira for example, the major importers who are subsidy beneficiaries will sell at the government rate (I am not saying they are not union members though, just obliged) the union will not sell, it wont be long before they return to status quo, that is why they capitalize on frivolities to create artificial scarcity to make more money because subsidy is a big bone in their throat. They pray daily for the government to make the mistake of subsidy removal unlike what Jonathan told you in 2012 when he referred to them as "Cabals", no doubt, they are "cabals" but jonathan lied about their interest.The cabal want the subsidy out more than Nigerians want it out. look at this recent strike, NPDC whose stake was illegally transferred has both NUPENG and PENGASSEN as members, while NUPENG (the junior staff union) went on strike, PENGASSEN (the senior staff union) in other companies was at work grin Shell, Exxon, Total Nupeng members were all at work, while tanker drivers members went to strike on their behalf grin That is an example of how senseless their strike can be sometimes. It doesn't negate the fact that they have legitimate concerns sometimes, eg when the FG gave them import mandate and devalued the naira overnight without notice, bank interest rate on the product will increase and cost of purchase increased as well, who pays for the deficit? the FG is a chronic debtor when it comes to subsidy, some importers have backlogs to 2014, Iweala just pays in bits and pieces, till they strike before they will get at least half. Nobody cares about Aquilla (transport subsidy) these days, the cabal will rather rent their trucks to other members who are not registered and collect their cash than waiting forever for the government to pay, that is the sad truth, Cabal hate subsidy, jonathan Lied big time. For those of you who root for subsidy removal, you have no idea what these cabals are capable of!!, funny enough I am for subsidy removal but definitely not the 2012 madness |
| Re: We Deceived Nigerians, Nothing Like SURE-P Fund – Gov. Aliyu by jpphilips(m): 8:59pm On May 27, 2015 |
nairamaniac:  I just died!! |
| Re: We Deceived Nigerians, Nothing Like SURE-P Fund – Gov. Aliyu by kipesco(m): 9:44pm On May 27, 2015 |
Realdeals: Lies SURE - P was real. Rivers Governor even used his own SURE-P money to pay 10k for 20people in each polling unit and I can attest to that. Wike stopped the SURE-P of Rivers when Amaechi instead of telling people its money Jonathan gave from SURE-P and diverted to telling people he pays them. Wike stopped it and SURE-P stopped in Rivers. A friend of mine was even collecting twice as the bank made mistake. Amaechi paid that money to 23 LGA in Rivers so SURE-P was never a scam. |
| Re: We Deceived Nigerians, Nothing Like SURE-P Fund – Gov. Aliyu by Nobody: 9:55pm On May 27, 2015 |
lekkie073: I don't support PDP but I also wanted the subsidy removed. As an economist student, I uunderstood the fact that it was draining us. However, I'm also a humanitarian so I didn't like how Jonathan went about it. As a democratic government you just don't wake up first thong in the morning of a new year to tell your citizens that they'll have to pay more for fuel. It's wrong. There's something called due process, this is no dictatorship. Hence, I do not apologise for my stand then. Now that the public is more aware, they can now remove the subsidy. 1 Like |
| Re: We Deceived Nigerians, Nothing Like SURE-P Fund – Gov. Aliyu by dotwyz: 10:45pm On May 27, 2015 |
gebest:DONT WORRY, THEY WILL SOONLY RECEIVED THEIR PURNISHEMENT OPPRESIVELY. |
| Re: We Deceived Nigerians, Nothing Like SURE-P Fund – Gov. Aliyu by dotwyz: 10:47pm On May 27, 2015 |
gebest:DONT WORRY, THEY WILL SOONLY RECEIVED THEIR PURNISHEMENT OPPRESIVELY. netizenbuzz: gebest:DONT WORRY, THEY WILL SOONLY RECEIVED THEIR PURNISHEMENT OPPRESIVELY. |
| Re: We Deceived Nigerians, Nothing Like SURE-P Fund – Gov. Aliyu by peegirl(f): 11:25pm On May 27, 2015 |
tiamiyukunle69: Let me quickly take a chair and sit next to your fingers cos this thriller ehn,,,,,,e go helele |
| Re: We Deceived Nigerians, Nothing Like SURE-P Fund – Gov. Aliyu by DaBullIT(m): 11:28pm On May 27, 2015 |
MEGA4BILLION: See as you Mùmú reach, no one cajoled anybody into protesting people protested voluntarily, |
| Re: We Deceived Nigerians, Nothing Like SURE-P Fund – Gov. Aliyu by planetfood: 11:40pm On May 27, 2015 |
it was during Oga GEJ tenure that the subsidy payment skyrocketed. Even Sanusi said it and people said his mouth was smelling |
| Re: We Deceived Nigerians, Nothing Like SURE-P Fund – Gov. Aliyu by samcofac(m): 11:52pm On May 27, 2015 |
[color=#006600][/color]I'm sure if I curse PDP & Goodluck with the last curse in my mouth, it will surely come to pass. Sincerely I sensed it then but not certain then. So, fuel subsidy is a scam and kept Nigerian (especially in South-West) locked home in the whole of January, 2012. When Jonathan came, we thought he was the Messiah, not knowing he is the real devil in Messiah's clothing. Well, devil sef no dey wear black and red again, na blazzer with tie and suit case he dey wear. Like seriously, subsidy is a scam? There is God oooo. Funny enough, some hooligans are still saying we should vote for him for another four years enslavery. If not for God, I would have say 'He no go better for GEJ supporters'. This thing dey pain me like fresh wound www..ng/2015/05/27/exposed-we-deceived-nigerians-nothing-like-sure-p-fund-gov-aliyu/ |
| Re: We Deceived Nigerians, Nothing Like SURE-P Fund – Gov. Aliyu by tiamiyukunle69(m): 11:58pm On May 27, 2015 |
peegirl:nothing do you. Space dey plenty for my side  |
| Re: We Deceived Nigerians, Nothing Like SURE-P Fund – Gov. Aliyu by hkidola00(m): 1:35am On May 28, 2015 |
themilanway:it o set by phyno.....dnt give anoda man's glory to anoda |
| Re: We Deceived Nigerians, Nothing Like SURE-P Fund – Gov. Aliyu by MightySparrow: 3:37am On May 28, 2015 |
The fear of Buhari..... |
| Re: We Deceived Nigerians, Nothing Like SURE-P Fund – Gov. Aliyu by donttouch: 6:58am On May 28, 2015 |
Realdeals: Oga, the truth is not coming out gradually. It has always been there but u refused to see it until now |
| Re: We Deceived Nigerians, Nothing Like SURE-P Fund – Gov. Aliyu by donttouch: 7:05am On May 28, 2015 |
Realdeals: Unreasonable!!! |
| Re: We Deceived Nigerians, Nothing Like SURE-P Fund – Gov. Aliyu by Mclick(m): 8:41am On May 28, 2015 |
Jonathan and his many sin, we wait why so many other scam are exposed |
| Re: We Deceived Nigerians, Nothing Like SURE-P Fund – Gov. Aliyu by vivaciousvivi(f): 3:44pm On May 28, 2015 |
Jaypea98: True |
| Re: We Deceived Nigerians, Nothing Like SURE-P Fund – Gov. Aliyu by Nobody: 6:37pm On May 28, 2015 |
abeg i benefited from SURE-P (GIS) cos 30k everymonth nah better so GEJ's HATERS shld hug transformer  |
| Re: We Deceived Nigerians, Nothing Like SURE-P Fund – Gov. Aliyu by Nobody: 10:52am On May 30, 2015 |
lexy2014: Most Nigerians want to be spoon fed. Why should u choose to subsidize fuel @ a cost of over 1 billion naira daily wen the nation has decayed infrastructure wise...... |
| Re: We Deceived Nigerians, Nothing Like SURE-P Fund – Gov. Aliyu by lexy2014: 11:15am On May 30, 2015 |
chuna1985:I started hearing about fuel subsidy from d IBB regime although there had been fuel price increase as far back as d gowon regime. B4 1985, nigeria was self sufficient in terms refining petroleum products. During IBB era, a new means of making money was devised,removing FUEL SUBSIDY under d guise of SAP. By denying d refineries periodic maintenance, production dropped. This coupled with increasing demand 4 petroleum products, d govt at d time resorted 2 importation 2 augment local production. This obnoxious policy was inherited by successive govts cos of how "lucrative" it was. What our govts have done since then is 2 adjust price of products thru the petroleum products pricing regulatory agency(PPPRA) in d name of DEREGULATION and fuel subsidy removal when in actual fact they are REGULATING. With deregulation, govt hands off fixing d price of petroleum products 4 operators at d same time licenses investors both local and foreign 2 refine and market. With this, products will b available at market price not PPPRA price. By-products especially cooking gas will b in abundance since its a "waste" producers will like 2 cash in on. Just like in telcoms were price of sim crashed from N35,000 2 N100 with I beg, petroleum products will b like pure water. This is how 2 end fuel subsidy fraud. Regulation favours a few and their pockets. Deregulation favours d populace and d economy. GEJ was REGULATING not DEREGULATING. So its not d fault of nigerians that fuel scarcity costs billions. Therefore, I don't think nigerians deserve 2 suffer or b deprived of their rights cos someone/some people chose not 2do d right thing |
| Re: We Deceived Nigerians, Nothing Like SURE-P Fund – Gov. Aliyu by Nobody: 11:24am On May 30, 2015 |
lexy2014: No matter how u define, explain or look @ dis matter, Fuel subsidy is obviously unsustainable for us. From 1985 u pointed out till now, its still the same story. |
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