Keneking:
Amazing..

NNPC would be the preferred destination. Wait and see what's gonna happen to the rest.

989900:
You can't remove fuel subsidy while importing refined fuel. Fix the refineries first.

Quakertellicus1:


1.Glad you also think badly of GEJ too....since he too wanted to remove subsidy.

2.Subsidy was easy to keep when oil was above $100 per barrel. Now it is below $50 per barrel. We have to save money. Unless you want us to take a loan from the IMF to keep the subsidy......which means more problems later.

Better face the reality. The reason why GSM works well is because OBJ did not bring out a subsidy on GSM phone bills.


Either you have a secret plan to raise oil to $123 per barrel....which is where we need it to balance the books...or we face reality. We should have faced reality in 2012.

lordkay10:

The refineries from what I understand are working but their supplies are constantly being cut off by Niger delta militants.

OVI75:
Time To Buy and Hoard For me Oo.Buy Like 100 litres

worksmart:
No provision for subsidy in the budget, therefore it is fair to assume that no subsidy exists.
There is going to be need for fuel prices to fluctuate relative to international fluctuations in crude and fuel prices since we are still importing significant proportion of our fuel.
That is why it is necessary to periodically adjust fuel prices, as the government may be about to do.

ibetoibb:
Subsidy removal is just a scam. GEJ made us to understand that d money will b channeled on developmental project , where r those projects. Refineries not working optimally. From Obj till now we still battling wt d concept of subsidy, fuel importation, the untouchable cabals. Nigeria is a derailed country.

OKorowanta:
All I know is,what we are experiencing now is
Aftermath of d last regimes lack of foresight.
And to make matters worse,di high handedness of Buhari in solving d issues is not helping.

omohayek:


Care to point out what exactly was "gallimufry" in what I wrote? How do you expect refining to flourish in Nigeria when private operators aren't able to make a profit?



The answer is simple: their prices are not below N70/litre, which is why it is so lucrative for criminals to hijack refined fuel from Nigeria to sell abroad.

We have to face reality: no matter what the "official" price of petrol may be, nobody is actually getting it at that price without having to do a lot of waiting in long queues in the hot sun with jerry-cans, often with nothing to show for it at the end of the day. Isn't it better to pay the market price for fuel and be sure that you can get it within minutes, rather than wasting so many days of one's life looking for "cheap" fuel that isn't there? Because that is the real situation Nigerians have been facing for years now.

I haven't even mentioned the fact that this same costly fuel subsidy is one major reason why Nigeria saved nothing during the years when oil was $110/barrel, or that keeping it in place will completely blow up the 2016 budget, which already requires substantial borrowing. Would you rather have better electricity transmission and better road/rail links, or see billions poured into fuel subsidies whose main beneficiaries are smugglers and fraudulent importers?

If you think I am wrong in anything I have said, I would appreciate a response that points out the gaps or errors in my reasoning, rather than trading insults or simply accusing me of "gallimufry".

VillageParrot:
Barring any last minute changes, President Muhammadu Buhari will within the next few days officially announce the removal of subsidies in prices of petroleum products, SIGNAL can authoritatively report.

Presidency sources informed about the development told SIGNAL on Saturday that President Buhari has already started consultation with the leadership of the National Assembly and key Labour leaders before the official announcement.

According to the source, “President Buhari has come to terms with the economic challenges associated with government subsidy for petroleum products. The current economic situation of the country, has made it even more imperative to remove subsidy, because it is not sustainable.”

It will be recalled that in July 2015, President Buhari dismissed calls for his government to remove fuel subsidy. According to him, “I have received many literature on the need to remove subsidies, but much of it has no depth”.

http://www.signalng.com/flash-buhari-moves-remove-fuel-subsidy-begins-consultation-nass/

kole22k:
subsidy pmt has been one of d major area where government has been looseing revenue to the fuel importers because the subsidy administration itself is characterized with fraud and corrupt practices, several vessels will Barth without content yet subsidy would be claimed, the authorities has fail in carrying out check and balances on any vessel claim to have arrived with imported pms therefore the area has become corruption zone so it's a welcome development if subsidy pmt can be removed absolutely.

ritahot:


U will make more sense if can just shut that ur smelling pit toilet!.

asha80:
Funny because on saharareporters twitter page last week they tweeted that fuel pump would rise to 140naira per liter in the next two weeks and I thought it was just a cruel joke

ritahot:
It will never be well with the coward tribe that forced an ''illiterate'' down the throat of over 180million people!.

myhotbrain:

FYI: PMB WAS THE PETROLEUM MINISTER WHO BUILT THE 3 MAJOR REFINERIES DURING OBJ'S MILITARY TENURE IN ABOUT 3 YRS. AND YES, PMB CAN DO IT AGAIN AS CIVILIAN PRESIDENT.

Festivalofholi:
As if things aren't bad enough, now d dullard want to remove fuel subsidy. Buhari shuld be impeached, he has no idea of wot he is doing. He's lost it completely.

Jesusloveyou:
when ur clueless corrupt hero plan to remove the same subsidy he was not a dullard? pmb has already start Turn Around Mentainance, what gej could not do for 6yrs after collecting the money for TAM. let support pmb on this.