bushdoc9919:


1.Most of the debt is from the administration of your hero GEJ.

2.The simple reason why we have the debt is because Nigerians do not want to pay N200 for fuel.(For once I do not blame the govt).

3.We do not have enough money to pay for subsidising fuel.....not yesterday, not now. It was clear a decade ago that fuel subsidy was not sustainable....but you people don't like fuel price increase.

4.Price of fuel is going to go up....until we have built more refineries to cater for our fuel needs.

Aufbauh:
This is one of the reasons i have not taken the opposition party PDP seriously.
Most of the economic backslashes we are experiencing now was inherited. The opposition will be quick to point out how bad our economy has degenerated forgetting that some of us are more intelligent and reasonable to know that the economy of a nation does not start crashing in a matter of months. It is a build up of failed policies and programmes cluelessly initiated or poorly implemented.
They're always quick to point to the positives of this present administration as a programme conceived and initiated by the GEJ but will distance themselves from the mess they created. What a hypocrisy!
Nigerians have no option than to wait patiently for PMB led administration as he clean the aurgen table left behind by the crooked and perversed government of GEJ.
To set the record straight, more than 50%of this debt was carried over from the previous government making the present administration to start from an indebted position.

AyoolaIgwe:

Nobody in d corridors of power is reading ur unformed comments.

Under GEJ we experienced more of ecn growth Dan ecn devp. (do u even know wot dat means)

Didn't u read d report from Vanguard? Do u know dat payment of subsidy on fuel is constitutional. Govt can't stop paying it except dat part of d constitution is amended.

U are as uneducated as ur president! Did subsidy start under GEJ?

saintopus:
THE Federal Government’s outstanding indebtedness to oil marketers has risen to N470 billion, arising from a backlog of unpaid subsidy claims since August 1, 2014 till date.

This is even as the marketers say they require in excess of $2 billion dollars to pay off their foreign suppliers, otherwise they will not be able to continue to import more petroleum products into the country.

Marketers, who spoke to Vanguard in confidence yesterday, lamented that government has not been able to fulfil its promise to offset all outstanding marketers’ claims between October and second week in November. This is just as the promise by the Central Bank of Nigeria, CBN, to assist marketers in accessing dollars to pay off their foreign suppliers has also not yielded fruit.



www.vanguardngr.com/2015/11/fgs-indebtedness-to-oil-marketers-now-n470bn/

saintopus:
THE Federal Government’s outstanding indebtedness to oil marketers has risen to N470 billion, arising from a backlog of unpaid subsidy claims since August 1, 2014 till date.

This is even as the marketers say they require in excess of $2 billion dollars to pay off their foreign suppliers, otherwise they will not be able to continue to import more petroleum products into the country.

Marketers, who spoke to Vanguard in confidence yesterday, lamented that government has not been able to fulfil its promise to offset all outstanding marketers’ claims between October and second week in November. This is just as the promise by the Central Bank of Nigeria, CBN, to assist marketers in accessing dollars to pay off their foreign suppliers has also not yielded fruit.



www.vanguardngr.com/2015/11/fgs-indebtedness-to-oil-marketers-now-n470bn/

bankylan:

I have never in my life seen people who are so hypnotized and mentally enslaved like APC supporters....I am not surprised though, slaves have no option in life...Whereever the master goes, slaves go...The annoying part is that these slaves are not reasonable enough to know that any one that opposes Buhari is not neccesarily a PDP supporter.....You can call me a wailer, better to be a wailer than being a slave...it is worse when a 'malam' is the slave master...maybe that's why the Buhari supporters follow him religiously....Brace up and each man should fight for his life...waiting for this govt to change your life is the purest form Of insanity. Fashola was the gov for 8years in Lagos, poverty still exists even in Alausa,..Jonathan was president, that did not change the lives of people in Otuoke....these politicians do not have what it takes to bring about a change...PDP is corrupt, but as someone that has worked in the financial industry for over 10years, APC officials are mostly corrupt...It baffles me that youths that are supposed to be educated allow themselves to be pawns.....For Buhari to have become our president in this age, that means we are still not capable of self governance, just like our other African nations...I think blacks need DNA adjustment.

bankylan:

I have never in my life seen people who are so hypnotized and mentally enslaved like APC supporters....I am not surprised though, slaves have no option in life...Whereever the master goes, slaves go...The annoying part is that these slaves are not reasonable enough to know that any one that opposes Buhari is not neccesarily a PDP supporter.....You can call me a wailer, better to be a wailer than being a slave...it is worse when a 'malam' is the slave master...maybe that's why the Buhari supporters follow him religiously....Brace up and each man should fight for his life...waiting for this govt to change your life is the purest form Of insanity. Fashola was the gov for 8years in Lagos, poverty still exists even in Alausa,..Jonathan was president, that did not change the lives of people in Otuoke....these politicians do not have what it takes to bring about a change...PDP is corrupt, but as someone that has worked in the financial industry for over 10years, APC officials are mostly corrupt...It baffles me that youths that are supposed to be educated allow themselves to be pawns.....For Buhari to have become our president in this age, that means we are still not capable of self governance, just like our other African nations...I think blacks need DNA adjustment.

TechWalker007:


Those of you supporting the present government need to learn to research well before making statements.

GEJ left with less than 200bn debt to oil marketers.

In fact, the last major strike in May was caused when there was dispute as to the money owed. Marketers claimed it was 200bn while NOI insisted it was 131.

Read here and stop being smart by half.
http://dailypost.ng/2015/05/04/fg-faults-n200bn-subsidy-claims-by-oil-marketers/

saintopus:

One of their campaign slogan by many of their members then was that Fuel subsidy was a scam.
But it has increased remarkably.
Deregulation is the way forward

Aufbauh:
This is one of the reasons i have not taken the opposition party PDP seriously.
Most of the economic backslashes we are experiencing now was inherited. The opposition will be quick to point out how bad our economy has degenerated forgetting that some of us are more intelligent and reasonable to know that the economy of a nation does not start crashing in a matter of months. It is a build up of failed policies and programmes cluelessly initiated or poorly implemented.
They're always quick to point to the positives of this present administration as a programme conceived and initiated by the GEJ but will distance themselves from the mess they created. What a hypocrisy!
Nigerians have no option than to wait patiently for PMB led administration as he clean the aurgen table left behind by the crooked and perversed government of GEJ.
To set the record straight, more than 50%of this debt was carried over from the previous government making the present administration to start from an indebted position.

Aufbauh:
This is one of the reasons i have not taken the opposition party PDP seriously.
Most of the economic backslashes we are experiencing now was inherited. The opposition will be quick to point out how bad our economy has degenerated forgetting that some of us are more intelligent and reasonable to know that the economy of a nation does not start crashing in a matter of months. It is a build up of failed policies and programmes cluelessly initiated or poorly implemented.
They're always quick to point to the positives of this present administration as a programme conceived and initiated by the GEJ but will distance themselves from the mess they created. What a hypocrisy!
Nigerians have no option than to wait patiently for PMB led administration as he clean the aurgen table left behind by the crooked and perversed government of GEJ.
To set the record straight, more than 50%of this debt was carried over from the previous government making the present administration to start from an indebted position.

bankylan:

I have never in my life seen people who are so hypnotized and mentally enslaved like APC supporters....I am not surprised though, slaves have no option in life...Whereever the master goes, slaves go...The annoying part is that these slaves are not reasonable enough to know that any one that opposes Buhari is not neccesarily a PDP supporter.....You can call me a wailer, better to be a wailer than being a slave...it is worse when a 'malam' is the slave master...maybe that's why the Buhari supporters follow him religiously....Brace up and each man should fight for his life...waiting for this govt to change your life is the purest form Of insanity. Fashola was the gov for 8years in Lagos, poverty still exists even in Alausa,..Jonathan was president, that did not change the lives of people in Otuoke....these politicians do not have what it takes to bring about a change...PDP is corrupt, but as someone that has worked in the financial industry for over 10years, APC officials are mostly corrupt...It baffles me that youths that are supposed to be educated allow themselves to be pawns.....For Buhari to have become our president in this age, that means we are still not capable of self governance, just like our other African nations...I think blacks need DNA adjustment.

AyoolaIgwe:

u are myopic and a crystal liar. we had more of economic growth Dan development under Jonathan but we've had neither economic growth or economic development under Buhari. Nigeria's earnings according to NBS fell in d second quarter of 2015. mitcheeeew. Don't too abt ur intelligence, u are an illiterate!!!

Aufbauh:


Is like my smartness just worked on, i actually wanted one of the PDP supporters to bring out the fact that all the debt was not accrued by the present administration which you did irrespective of the variance in figures.
I am not so unmindful of the indices that led to the debt at the first instance which is the build up to the situation on ground.

omenka:
We know you guys are totally brainless, but sometimes, it helps to pretend you actually have brains.


This means they are being owed 15 months pay and out of those months, your useless party was in power for 10 of those months.

Such a pity one has to share the world with nonentities like you lot.

Aufbauh:
This is one of the reasons i have not taken the opposition party PDP seriously.
Most of the economic backslashes we are experiencing now was inherited. The opposition will be quick to point out how bad our economy has degenerated forgetting that some of us are more intelligent and reasonable to know that the economy of a nation does not start crashing in a matter of months. It is a build up of failed policies and programmes cluelessly initiated or poorly implemented.
They're always quick to point to the positives of this present administration as a programme conceived and initiated by the GEJ but will distance themselves from the mess they created. What a hypocrisy!
Nigerians have no option than to wait patiently for PMB led administration as he clean the aurgen table left behind by the crooked and perversed government of GEJ.
To set the record straight, more than 50%of this debt was carried over from the previous government making the present administration to start from an indebted position.

omenka:
We know you guys are totally brainless, but sometimes, it helps to pretend you actually have brains.


This means they are being owed 15 months pay and out of those months, your useless party was in power for 10 of those months.

Such a pity one has to share the world with nonentities like you lot.

bushdoc9919:


1.That's a flawed analogy.Ponzi schemes run differently: https://en.wikipedia.org/wiki/Ponzi_scheme

2.Nigeria;s problem is that all our money comes from resource dependency. Note....I did not say oil (although oil does provide 99% of our resources....slight exaggeration). When the prices of your resource goes down.....the amount of cash you have in the treasury goes down....so you do not have enough money to spend on anything...especially subsidies.

3.Right now....thanks to the fall in oil price....we are running out of money. That is why GEJ , in one of the few wise decisions he made, tried to remove subsidy. Nigerians, unfortunately, have suffered too much, and subsided fuel is the only benefit they get from govt. Thus any increase in price...both in 2012 and even now...is going to be seen as anti-people.

4.Buhari is going to have to remove the subsidy. And we are going to run an austeirty government. Simples.

5.Sorry....but if PDP had removed the subsidies ages ago...even before GEJ and focused more on dealing with corruption and improving industrial output....we won;t be here.

Aufbauh:
This is one of the reasons i have not taken the opposition party PDP seriously.
Most of the economic backslashes we are experiencing now was inherited. The opposition will be quick to point out how bad our economy has degenerated forgetting that some of us are more intelligent and reasonable to know that the economy of a nation does not start crashing in a matter of months. It is a build up of failed policies and programmes cluelessly initiated or poorly implemented.
They're always quick to point to the positives of this present administration as a programme conceived and initiated by the GEJ but will distance themselves from the mess they created. What a hypocrisy!
Nigerians have no option than to wait patiently for PMB led administration as he clean the aurgen table left behind by the crooked and perversed government of GEJ.
To set the record straight, more than 50%of this debt was carried over from the previous government making the present administration to start from an indebted position.

Aufbauh:
This is one of the reasons i have not taken the opposition party PDP seriously.
Most of the economic backslashes we are experiencing now was inherited. The opposition will be quick to point out how bad our economy has degenerated forgetting that some of us are more intelligent and reasonable to know that the economy of a nation does not start crashing in a matter of months. It is a build up of failed policies and programmes cluelessly initiated or poorly implemented.
They're always quick to point to the positives of this present administration as a programme conceived and initiated by the GEJ but will distance themselves from the mess they created. What a hypocrisy!
Nigerians have no option than to wait patiently for PMB led administration as he clean the aurgen table left behind by the crooked and perversed government of GEJ.
To set the record straight, more than 50%of this debt was carried over from the previous government making the present administration to start from an indebted position.

omenka:
We know you guys are totally brainless, but sometimes, it helps to pretend you actually have brains.


This means they are being owed 15 months pay and out of those months, your useless party was in power for 10 of those months.

Such a pity one has to share the world with nonentities like you lot.

bushdoc9919:


1.That's a flawed analogy.Ponzi schemes run differently: https://en.wikipedia.org/wiki/Ponzi_scheme

2.Nigeria;s problem is that all our money comes from resource dependency. Note....I did not say oil (although oil does provide 99% of our resources....slight exaggeration). When the prices of your resource goes down.....the amount of cash you have in the treasury goes down....so you do not have enough money to spend on anything...especially subsidies.

3.Right now....thanks to the fall in oil price....we are running out of money. That is why GEJ , in one of the few wise decisions he made, tried to remove subsidy. Nigerians, unfortunately, have suffered too much, and subsided fuel is the only benefit they get from govt. Thus any increase in price...both in 2012 and even now...is going to be seen as anti-people.

4.Buhari is going to have to remove the subsidy. And we are going to run an austeirty government. Simples.

5.Sorry....but if PDP had removed the subsidies ages ago...even before GEJ and focused more on dealing with corruption and improving industrial output....we won;t be here.

charlesucheh:
I Repeat and quote FESTUS KEYAMO; "we cannot forget the mislead done by PDP in 5months".
PDP has caused this nation an accumulated load of problemS and it's only the resilient that can curtail these problems.
Wailing touts I promise you'll that your lives will turn negqatively upside down if you dare quote me......

benedictnsi:


Fine...... Let assume the remaining 20% is from this new government just under few months....... Unlike the 80% after many years which I'm still sure many were incurred by the government before GEJ.... Now check the statistics you one chance victim

Aufbauh:
This is one of the reasons i have not taken the opposition party PDP seriously.
Most of the economic backslashes we are experiencing now was inherited. The opposition will be quick to point out how bad our economy has degenerated forgetting that some of us are more intelligent and reasonable to know that the economy of a nation does not start crashing in a matter of months. It is a build up of failed policies and programmes cluelessly initiated or poorly implemented.
They're always quick to point to the positives of this present administration as a programme conceived and initiated by the GEJ but will distance themselves from the mess they created. What a hypocrisy!
Nigerians have no option than to wait patiently for PMB led administration as he clean the aurgen table left behind by the crooked and perversed government of GEJ.
To set the record straight, more than 50%of this debt was carried over from the previous government making the present administration to start from an indebted position.

sammhi:

stop being stupid my friend..when people buy failed companies , they know why they do and WHAT to do. and they will revive such companies. simple. PMB and APC are aware that the economy is only oil and that oil prices are down and so will affect us financially. instead of sitting down to work, they keep blaming past administration. it is a sign of failure and unpreparedness.
the point is that is what he is elected to do: fix the rot. no excuses. excuses is admittance of failure.
when a club is in relegation zone and you applied for the job as coach , u have to perform and prevent the club from relegation not moaning on what the last coach did or did not do.....it is just the same here

omenka:
We know you guys are totally brainless, but sometimes, it helps to pretend you actually have brains.


This means they are being owed 15 months pay and out of those months, your useless party was in power for 10 of those months.

Such a pity one has to share the world with nonentities like you lot.

mysteriousman:
The challenges before this administration are marmot