₦airaland Forum

onatisi:
bro, did buhari actually say all these ? If he did then Nigeria is in some deep deep deep very deep problems .

49cents:
BUT APC and Buhari swore that there wasnt anything like subsidy so what are they removing


yeye government, believed and defended by lunatics, voted in by fools

tonychristopher:
point of correction ....its not Nigerians its some group of sophisticated ones ..pls in east and some south south region they have been buying pms 100 for more than 3 yrs and you do not have ar noise


I keep saying let the market forces which is demand and supply determine the price of pms et al. there must be an equilibrium price

it's just stupid for any idiottt to assume the price of pms will be the same in Lagos delta Kano and sokoto

where do you factor the logistic costs and other overhead

IBROHIM:
may God bless you! You took the words right from my keyboard! Why are people so bitter with hate? In 2011 we spent nearly 2 trillions on this same subsidy! Instead of jubilating that we are gradually fighting corruption some people are here hating!

Firefire:
Please take your time to read this post and get understanding...

Firefire:
See attached...

juventino:
Brow, please check out the price of crude during Jonathan regime and now. The landing cost was far higher during Jonathan regime and now.

tete7000:
What I found ludicrous about people's argument on the past govt is that people just want to believe those in govt then didnt do anything with intention to improve people's lot. Every information is disputed and regarded as lies. Even when that govt was trying to pass an important information, such information is disregarded with a wave of hand. We were told there was never a subsidy; subsidy was a scam and Prof Tam David West came and even told us how it is possible to sell pms for N40 per litre without subsidy. President Buhari if I remember well even told us he doesn't understand the word 'subsidy'.
Fastracked into 2months into the life of the same govt now, they want us to believe they are paying over N1b per day on subsidy payment. Now while I am not objecting to the fact that GEJ govt might have been reckless and exaggerated some of the figures given, I ask from a moral point of view :
Can we trust a people who have denied subsidy existed but now want us to believe they are paying so much billions for the same subsidy?
Is it that they never new that subsidy existed or they simply exploited it for personal gain?
If we say they didn't know, can we really trust their future judgement on issue of fundamental nature to the life of our nation when they who had been in govt at various time in the past could make such miscalculation?
If it is said that they knew but hid the figure away from us to win election, does it mean in future they can hide important information too from us, exploit figures to gain political advantage over our welfare?
Can they really be said to have our interest at heart or they are just people who seek political power for personal gain?

I honestly hate people who feed me lies. APC have shown their penchant for lies and propaganda and I m always sceptical they can turn the fortune of this country around. Nothing built on falsehood can stand.
Time will tell and I pray I am proven wrong.

gagewonda:
dats rather shallow from u. If I may ask wat specifically did pmb do to 'gradually fight d corruption ' like u said. We shouldn't be jubilating cos subsidy prices will vary all year long we r nt paying trillions ryt now is because oil prices hasn't gone up yet. So wat u r jubilating for isn't buhari's making rather its d world oil price. Wit dis kind of ur mentality we will continue being gullible in dis country

tete7000:
What I found ludicrous about people's argument on the past govt is that people just want to believe those in govt then didnt do anything with intention to improve people's lot. Every information is disputed and regarded as lies. Even when that govt was trying to pass an important information, such information is disregarded with a wave of hand. We were told there was never a subsidy; subsidy was a scam and Prof Tam David West came and even told us how it is possible to sell pms for N40 per litre without subsidy. President Buhari if I remember well even told us he doesn't understand the word 'subsidy'.
Fastracked into 2months into the life of the same govt now, they want us to believe they are paying over N1b per day on subsidy payment. Now while I am not objecting to the fact that GEJ govt might have been reckless and exaggerated some of the figures given, I ask from a moral point of view:
Can we trust a people who have denied subsidy existed but now want us to believe they are paying so much billions for the same subsidy?
Is it that they never new that subsidy existed or they simply exploited it for personal gain?
If we say they didn't know, can we really trust their future judgement on issue of fundamental nature to the life of our nation when they who had been in govt at various time in the past could make such miscalculation?
If it is said that they knew but hid the figure away from us to win election, does it mean in future they can hide important information too from us, exploit figures to gain political advantage over our welfare?
Can they really be said to have our interest at heart or they are just people who seek political power for personal gain?

I honestly hate people who feed me lies. APC have shown their penchant for lies and propaganda and I m always sceptical they can turn the fortune of this country around. Nothing built on falsehood can stand.
Time will tell and I pray I am proven wrong.

gagewonda:
bros u better believe it. They lies to us its unfortunate many pple r still blindfolded

Firefire:
Bro, their is no reason why fuel should not sell at the official pump price of N87/L across the country.

Because the government already bear the cost. see the breakdown...

On the product’s distribution margin, retailers get N4.6; transporters, N2.99; dealers, N1.75; bridging fund, N5.85; marine transport average, N0.15; and admin charge, N0.15; making a subtotal margin of N15.49.

The subsidy above is the local content on top the actual landing cost.

Abugab:
Subsidy is a very dicy matter that needs to be analysized totally and handled with care.
Removing subsidy is the ultimate end.
Prior to doing that certain measures must be put in place to avoid all the foreseen calamities that will follow its unplanned removal and those measures are what needs to be in place.
With our refineries functioning as well as government building new ones along side the need to encourage private refineries to help saturate the market with products, we can overcome all the fears.
On a deeper analysis, subsidy will still be with us for a while as any drastic action to remove it without thorough plans for Nigerians will be worse than paying this sum. We have been paying subsidy since since OBJ and the govt has to look into it seriously too to prevent people getting paid for not doing or supplying products which is like a norm in that sector with marketers.

Abugab:
Subsidy is a very dicy matter that needs to be analysized totally and handled with care.
Removing subsidy is the ultimate end.
Prior to doing that certain measures must be put in place to avoid all the foreseen calamities that will follow its unplanned removal and those measures are what needs to be in place.
With our refineries functioning as well as government building new ones along side the need to encourage private refineries to help saturate the market with products, we can overcome all the fears.
On a deeper analysis, subsidy will still be with us for a while as any drastic action to remove it without thorough plans for Nigerians will be worse than paying this sum. We have been paying subsidy since since OBJ and the govt has to look into it seriously too to prevent people getting paid for not doing or supplying products which is like a norm in that sector with marketers.

tonychristopher:
nice postulation and submission but do you agree with me that subsidy isn't the best way to head...I will want us to agree that we have to allow market forces determine the end price

this will bring competition or unless you want me to believe that competitions isn't good. I have been buying 100 naira since few months ago and I live in Lagos so why cry subsidy

left for me ..yank it off

the only solution is let the government hands off downstream sector and just regulate the activities

thats how economy is beign ran

tete7000:
What I found ludicrous about people's argument on the past govt is that people just want to believe those in govt then didnt do anything with intention to improve people's lot. Every information is disputed and regarded as lies. Even when that govt was trying to pass an important information, such information is disregarded with a wave of hand. We were told there was never a subsidy; subsidy was a scam and Prof Tam David West came and even told us how it is possible to sell pms for N40 per litre without subsidy. President Buhari if I remember well even told us he doesn't understand the word 'subsidy'.
Fastracked into 2months into the life of the same govt now, they want us to believe they are paying over N1b per day on subsidy payment. Now while I am not objecting to the fact that GEJ govt might have been reckless and exaggerated some of the figures given, I ask from a moral point of view:
Can we trust a people who have denied subsidy existed but now want us to believe they are paying so much billions for the same subsidy?
Is it that they never new that subsidy existed or they simply exploited it for personal gain?
If we say they didn't know, can we really trust their future judgement on issue of fundamental nature to the life of our nation when they who had been in govt at various time in the past could make such miscalculation?
If it is said that they knew but hid the figure away from us to win election, does it mean in future they can hide important information too from us, exploit figures to gain political advantage over our welfare?
Can they really be said to have our interest at heart or they are just people who seek political power for personal gain?

I honestly hate people who feed me lies. APC have shown their penchant for lies and propaganda and I m always sceptical they can turn the fortune of this country around. Nothing built on falsehood can stand.
Time will tell and I pray I am proven wrong.

francizy:
Chai God bless you for this.. Now lemme call on "change agents" to come and question their conscience with this your post..

.

Firefire:
Barcanista, how u dey?

The scamming of Nigerians on the issue of fuel subsidy still lingers...

philips70:
You have a genuine reason for your fears and I share in some of the sentiments too. A lot of stuffs were bungled up by the last administration that you wouldn't blame much if one argued there was nothing like subsidy because there was almost zero transparency in its executions. Even when some where found to be shortchanging the system, the government of the day did not demonstrate a will to bring them to book but instead they looked to be shielding them from real scrutiny.

I still suggest this administration is given time to sort out the real issues with subsidy and other aspect of the economy that is yet to kickstart. When they are finally out with their policy direction then we can begin to ask these hard questions. It would have really been very poor judgement for Buhari to just come in and the first thing he will do is stop subsidy without taking time to look into the merits or demerits just like he did with the service chiefs.

So cool down, suffily suffily catchee monkey according to the honorable Obahiagbon.

Firefire:
They are in comma...

francizy:
Lmao! In comma or at a bar on this public holiday, flexing their political entitlement?

Firefire:
all join, from bar to comma...

tete7000:
What I found ludicrous about people's argument on the past govt is that people just want to believe those in govt then didnt do anything with intention to improve people's lot. Every information is disputed and regarded as lies. Even when that govt was trying to pass an important information, such information is disregarded with a wave of hand. We were told there was never a subsidy; subsidy was a scam and Prof Tam David West came and even told us how it is possible to sell pms for N40 per litre without subsidy. President Buhari if I remember well even told us he doesn't understand the word 'subsidy'.
Fastracked into 2months into the life of the same govt now, they want us to believe they are paying over N1b per day on subsidy payment. Now while I am not objecting to the fact that GEJ govt might have been reckless and exaggerated some of the figures given, I ask from a moral point of view:
Can we trust a people who have denied subsidy existed but now want us to believe they are paying so much billions for the same subsidy?
Is it that they never new that subsidy existed or they simply exploited it for personal gain?
If we say they didn't know, can we really trust their future judgement on issue of fundamental nature to the life of our nation when they who had been in govt at various time in the past could make such miscalculation?
If it is said that they knew but hid the figure away from us to win election, does it mean in future they can hide important information too from us, exploit figures to gain political advantage over our welfare?
Can they really be said to have our interest at heart or they are just people who seek political power for personal gain?

I honestly hate people who feed me lies. APC have shown their penchant for lies and propaganda and I m always sceptical they can turn the fortune of this country around. Nothing built on falsehood can stand.
Time will tell and I pray I am proven wrong.

PrinceMario:
#1.6b daily is less than #600b in a year. The otuoke goat spent over 2trillion naira in one year on petrol subsidy. We are yet to also forget the #3trillion kerosene subsidy. Foolish hypocrite wanting to blackmail a government which is less than 3months by justifying the cankerworm that milked us dry for 6 solid years.

coolbis:
Nothing is as ludicrous as the ways and manners the Dr GEJ managed the subsidy regime. There were obvious facts and figures that confirmed that though a certain sum was being payed for subsidy, the figures were criminally exagerated and all the suspects of oil subsidy scam were the same people who finance GEJ campaign. Not even one of them was prosecuted even in the face of glaring evidence. The problem is not whether thEre is subsidy or not,but whether such amount was the exact amount.
Lets assume that 1.69b naira is spent every day for subsidy,which I believe is exagerated, in a year we would have spent only just about 600billion naira,which is a far cry from #1•3TR mr jonathan spent on subsidy from 2010 year in year out. GMB is no messiah but we trust his sincerity untill he proves otherwise. We trusted Dr GEJ as well until we couldnt trust him any longer. Nigerians are very understanding only if our leaders are sincere with us.

coolbis:
Nothing is as ludicrous as the ways and manners the Dr GEJ managed the subsidy regime. There were obvious facts and figures that confirmed that though a certain sum was being payed for subsidy, the figures were criminally exagerated and all the suspects of oil subsidy scam were the same people who finance GEJ campaign. Not even one of them was prosecuted even in the face of glaring evidence. The problem is not whether thEre is subsidy or not,but whether such amount was the exact amount.
Lets assume that 1.69b naira is spent every day for subsidy,which I believe is exagerated, in a year we would have spent only just about 600billion naira,which is a far cry from #1•3TR mr jonathan spent on subsidy from 2010 year in year out. GMB is no messiah but we trust his sincerity untill he proves otherwise. We trusted Dr GEJ as well until we couldnt trust him any longer. Nigerians are very understanding only if our leaders are sincere with us.

coolbis:
Nothing is as ludicrous as the ways and manners the Dr GEJ managed the subsidy regime. There were obvious facts and figures that confirmed that though a certain sum was being payed for subsidy, the figures were criminally exagerated and all the suspects of oil subsidy scam were the same people who finance GEJ campaign. Not even one of them was prosecuted even in the face of glaring evidence. The problem is not whether thEre is subsidy or not,but whether such amount was the exact amount.
Lets assume that 1.69b naira is spent every day for subsidy,which I believe is exagerated, in a year we would have spent only just about 600billion naira,which is a far cry from #1•3TR mr jonathan spent on subsidy from 2010 year in year out. GMB is no messiah but we trust his sincerity untill he proves otherwise. We trusted Dr GEJ as well until we couldnt trust him any longer. Nigerians are very understanding only if our leaders are sincere with us.

joseph1832:
Ah, this coming from the moniker who believe because Dasuki was NSA he should have caches of military grade high calibre rifles.

This is bloody marvelous!.