₦airaland Forum

phlemzy:
Obviously the subsidy is no longer sustainable, but the kind of hardship it will trigger will be life threatening. The minimum wage ought to have been amended long long ago to accommodate this kind of increase.

DropShot:
Times are tough, no doubt. The situation we find ourselves as a nation is dire, no doubt. As the FG announced the new price regime for fuel pump price from 87 naira to 145 naira max, a lot of people including on this forum have criticized the action of the government and accusing it of insensitivity to the plight of the common man.

While this article is not deliberately focused on the past administration of GEJ and how it managed our resources, it’s nearly impossible to attempt to justify the current government’s action without needing to make reference to the oil boom period of 2011 to 2014. Had the immediate past administration judiciously utilized what we earned and what it inherited from OBJ/Yar’Adua, it’s very unlikely that we will find ourselves in this messy situation.

While I don’t oppose a government providing palliatives to its citizens to cushion effects of high cost of essential commodities, it makes no economic sense to do that if there are no resources to do it. Nigeria with a paltry $27 billion dollars in foreign reserves (GEJ met it at $47 billion, earned more than any president in Nigeria’s history, yet depleted it to abysmal level), $2 billion in Excess Crude Account, lacks the resources to subsidize fuel.

In the same way, it will be disastrous to support a corrupt regime to remove subsidy from essential commodities while the president watches helplessly as his foot soldiers defraud the citizens and enrich themselves corruptly. Numerous corruption cases ongoing is a reminder of how GEJ allowed the Dasukis, Bafarawas, Akpobolokemis, Mettuhs, Diezannis, Inde Dikos and many others steal us blind.

Brief History of Fuel Subsidy
Beginning from when OBJ re-introduced fuel subsidy in 2006 as a palliative for high landing cost of imported refined fuel, Nigeria has spent more than N6 trillion to subsidize fuel since then
*2006 – N151.9 billion; *2007- N188 billion; *2008 – N256.3billion (January to July); *2009 – N421.5billion; *2010 – N673 billion; *2011 – (N1.3 trillion)revised to N2.19 trillion; *2012 – N888 billion + N161.6 billion supplementary *2013 – N971 billion; and, *2014 – N971.1 billion
http://www.vanguardngr.com/2015/05/why-fuel-subsidy-must-go-2/
The amount spent on subsidy in 2015 was in excess of N1 trillion
http://www.dailytrust.com.ng/news/general/nigeria-spends-n1tr-on-fuel-subsidy-in-2015-kachikwu/124416.html

Why Fuel Subsidy Is Not Sustainable Now
It’s not a hidden fact that our earnings from crude sale has nose-dived; more than halved from what it used to be. The average crude price per barrel now is below 30$ since beginning of this year. When compared to an average of $90 to $100 for the four years of 2011 to 2014, no one need a rocket scientist to understand the money to subsidize the product is no longer there.

Throughout the world, all countries that have their economy largely dependent on crude oil have experienced economic set-back and most of them have taken drastic actions to cut back on their expenses on subsidy. Saudi Arabia, at the beginning of crude price fall had more than $600 billion in foreign reserves, yet she increased fuel pump price by 50% http://money.cnn.com/2016/01/05/news/economy/saudi-arabia-oil-budget-gas/.

Qatar increased fuel price by about 35% and still planning to increase it further, UAE and many other Gulf countries refine their own crude locally, can afford to keep subsidy, yet have all removed some subsidy from petroleum products. The only places where fuel prices have gone down since crude price crash are the economies that were not enjoying any form of subsidy when crude price was high.

Going by this summation, it amounts to irrationality, lack of having any grasp about happenings in the world economy, or pure and deliberate emotional blackmail to expect Nigeria to be able to keep subsidizing fuel especially with her current economic recession.

Why Nigerians Were Right to Oppose GEJ’s Subsidy Removal in 2012
I, among many other Nigerians were opposed to GEJ’s plan to remove subsidy from petrol in 2012 and here are some of the reasons:
1. GEJ by then had already proved to be shamelessly corrupt and lacking the political will to stem the tide. So, we were right to believe that the subsidy to be removed will still end up being looted one way or the other. Events since after the partial removal have proved us right as not a single measure of the promised palliatives was fulfilled. No mass transit buses. No new refineries as promised. No new roads built as promised.

2. Nigeria was earning excess from crude oil as at then. As such, we should be able to enjoy some part of the excess profits through subsidy. If ministers, Special Advisers and other top government officials were stealing us blind and we saw them, why should we not have a right to some subsidy which was paid for by the excess earnings from our crude?


The Way Forward
For Nigeria to get out of the fuel crisis quagmire, there are certain things we should be doing but are failing to do:

1. Diversify the economy: In the past, lip service was paid to economic diversification. To be sincere, we have missed our best opportunity to diversify our economy with little or no pain. The second best opportunity is NOW which unfortunately comes with pains and sacrifice. We cannot expect the government of PMB to diversify the economy and not plough resources from subsidy towards the diversification; especially when we are earning far less than we require now.

2. Build more refineries: Without having the capacity to refine our local petrol demand in the next two to three years, fuel price will go up further and we will be back to square one when crude price goes up astronomically again. It’s good to hear that the FG in partnership with some businesses is planning to have new refineries on board within three years from now. I hope it comes to fruition.

So, should we find ourselves in the same position as 2012, with a president who acts like GEJ, I am certain Nigerians will resist any attempt to remove the fuel subsidy. But given the current economic situation and the type of president we now have, it will be unpatriotic not to support him. Even his worst detractors know in their deep heart that this president is not an IB and not a corruption personified.

Constructive criticism is welcome. Empty brains should stay away!

Sheggy13:
As at January 2012 when GEJ removed subsidy, he hadn't spent up to a year as a full president, (not acting). He enjoyed so much support and goodwill during the election of 2011 from all regions. The masses had not discovered the extent of money looted by his government during this period. It is safe to say nobody had tagged with him the corruption tag his government was later to be identified. So how could people have protested on the ground of corruption? The opposition only took full advantage of that subsidy removal and painted GEJ govt so bad, and people were swayed to believe all what were said because we Nigerians are very emotional and sentimental people. The hypocrisy there now is those same people are the ones that have removed subsidy at the worst possible period in the life of this country, when civil servants in most states are being owed salaries in the region of from 3 months upwards, under the guise of we are not corrupt like the previous government so your money is safe with us. That's the height of insensitivity for a govt that promised heaven to it's citizenry but can never bear their burdens for them. Most of these people have to get fuel to power their I-pass-my-neighbour generator because this same govt has failed in providing stable power supply despite increasing the tariffs and had to ban further importation of these cheap generator that is the only source of succour to the poor man on the street. Just today, the house of Reps committee chairman on Financial crimes said $3.1bn has been recovered so far by EFCC, that's over half of trillion naira. Please tell me where that money is,and how Nigerians are still suffering. God knows I'm never a GEJ apologist. Infact, I despised him, my post-history can show you that, but Buhari is probably the most insensitive leader I've ever come across in this country. We haven't had it so bad like this in this country as it currently is. I hope you'll understand my point of view and not scream Ipod without even having the patience to read through.

LadyExcellency:
Tell me more, 7 months into his inauguration?

You are wrong, nobody questioned or came up with Jonathan's integrity after 7 months into his administration until your fake, sponsored and bigoted anti-deregulation protest.

His approval rating was at all time high of 70+ on December, 2011

DropShot:
Stop being emotional and face the topic.

DropShot:
Times are tough, no doubt. The situation we find ourselves as a nation is dire, no doubt. As the FG announced the new price regime for fuel pump price from 87 naira to 145 naira max, a lot of people including on this forum have criticized the action of the government and accusing it of insensitivity to the plight of the common man.

While this article is not deliberately focused on the past administration of GEJ and how it managed our resources, it’s nearly impossible to attempt to justify the current government’s action without needing to make reference to the oil boom period of 2011 to 2014. Had the immediate past administration judiciously utilized what we earned and what it inherited from OBJ/Yar’Adua, it’s very unlikely that we will find ourselves in this messy situation.

While I don’t oppose a government providing palliatives to its citizens to cushion effects of high cost of essential commodities, it makes no economic sense to do that if there are no resources to do it. Nigeria with a paltry $27 billion dollars in foreign reserves (GEJ met it at $47 billion, earned more than any president in Nigeria’s history, yet depleted it to abysmal level), $2 billion in Excess Crude Account, lacks the resources to subsidize fuel.

In the same way, it will be disastrous to support a corrupt regime to remove subsidy from essential commodities while the president watches helplessly as his foot soldiers defraud the citizens and enrich themselves corruptly. Numerous corruption cases ongoing is a reminder of how GEJ allowed the Dasukis, Bafarawas, Akpobolokemis, Mettuhs, Diezannis, Inde Dikos and many others steal us blind.

Brief History of Fuel Subsidy
Beginning from when OBJ re-introduced fuel subsidy in 2006 as a palliative for high landing cost of imported refined fuel, Nigeria has spent more than N6 trillion to subsidize fuel since then
*2006 – N151.9 billion; *2007- N188 billion; *2008 – N256.3billion (January to July); *2009 – N421.5billion; *2010 – N673 billion; *2011 – (N1.3 trillion)revised to N2.19 trillion; *2012 – N888 billion + N161.6 billion supplementary *2013 – N971 billion; and, *2014 – N971.1 billion
http://www.vanguardngr.com/2015/05/why-fuel-subsidy-must-go-2/
The amount spent on subsidy in 2015 was in excess of N1 trillion
http://www.dailytrust.com.ng/news/general/nigeria-spends-n1tr-on-fuel-subsidy-in-2015-kachikwu/124416.html

Why Fuel Subsidy Is Not Sustainable Now
It’s not a hidden fact that our earnings from crude sale has nose-dived; more than halved from what it used to be. The average crude price per barrel now is below 30$ since beginning of this year. When compared to an average of $90 to $100 for the four years of 2011 to 2014, no one need a rocket scientist to understand the money to subsidize the product is no longer there.

Throughout the world, all countries that have their economy largely dependent on crude oil have experienced economic set-back and most of them have taken drastic actions to cut back on their expenses on subsidy. Saudi Arabia, at the beginning of crude price fall had more than $600 billion in foreign reserves, yet she increased fuel pump price by 50% http://money.cnn.com/2016/01/05/news/economy/saudi-arabia-oil-budget-gas/.

Qatar increased fuel price by about 35% and still planning to increase it further, UAE and many other Gulf countries refine their own crude locally, can afford to keep subsidy, yet have all removed some subsidy from petroleum products. The only places where fuel prices have gone down since crude price crash are the economies that were not enjoying any form of subsidy when crude price was high.

Going by this summation, it amounts to irrationality, lack of having any grasp about happenings in the world economy, or pure and deliberate emotional blackmail to expect Nigeria to be able to keep subsidizing fuel especially with her current economic recession.

Why Nigerians Were Right to Oppose GEJ’s Subsidy Removal in 2012
I, among many other Nigerians were opposed to GEJ’s plan to remove subsidy from petrol in 2012 and here are some of the reasons:
1. GEJ by then had already proved to be shamelessly corrupt and lacking the political will to stem the tide. So, we were right to believe that the subsidy to be removed will still end up being looted one way or the other. Events since after the partial removal have proved us right as not a single measure of the promised palliatives was fulfilled. No mass transit buses. No new refineries as promised. No new roads built as promised.

2. Nigeria was earning excess from crude oil as at then. As such, we should be able to enjoy some part of the excess profits through subsidy. If ministers, Special Advisers and other top government officials were stealing us blind and we saw them, why should we not have a right to some subsidy which was paid for by the excess earnings from our crude?


The Way Forward
For Nigeria to get out of the fuel crisis quagmire, there are certain things we should be doing but are failing to do:

1. Diversify the economy: In the past, lip service was paid to economic diversification. To be sincere, we have missed our best opportunity to diversify our economy with little or no pain. The second best opportunity is NOW which unfortunately comes with pains and sacrifice. We cannot expect the government of PMB to diversify the economy and not plough resources from subsidy towards the diversification; especially when we are earning far less than we require now.

2. Build more refineries: Without having the capacity to refine our local petrol demand in the next two to three years, fuel price will go up further and we will be back to square one when crude price goes up astronomically again. It’s good to hear that the FG in partnership with some businesses is planning to have new refineries on board within three years from now. I hope it comes to fruition.

So, should we find ourselves in the same position as 2012, with a president who acts like GEJ, I am certain Nigerians will resist any attempt to remove the fuel subsidy. But given the current economic situation and the type of president we now have, it will be unpatriotic not to support him. Even his worst detractors know in their deep heart that this president is not an IB and not a corruption personified.

Constructive criticism is welcome. Empty brains should stay away!

plaetton:
This is what I call cooking a good soup and then covering it with dirty cloth.

There are good sound arguments for the removal of any SUBSIDY of any sort.

Those arguments were valid during the Abacha era, valid during the OBJ era, valid during the GEJ era, and still valid today.

It is really that simple.

Now, dragging GEJ into every wishy washy policy reversals and rigmaroles betrays the shallowness ,insecurity and cognitive dissonance that are the hallmarks of this government and its praise singers.

Saying that subsidy removal is well warranted now, but wasn't during the GEJ era, and then using very silly illogical arguments about excess crude oil, higher oil price, etc, go buttress such convoluted logic betrays the extremes of hypocrisy and cognitive dissonance.

If you understand the simple logic of fuel SUBSIDY, then your argument is laughable, at best.

Let me enlighten you.

You see sir, the higher the price of crude oil, the higher the price refined petroleum, and hence, the higher the SUBSIDY the government pays to make petrol available.

Therefore, by simple arithmetic, it was much more imperative to remove SUBSIDY or increase the pump price during GEJ era than it is now that the price of crude oil is 70% less than what it was during the said GEJ time.

As of last month, several media in Nigeria repeatedly reported that the government was making a PROFIT of about N8-N10 per litre of petrol sold in Nigeria.

SUBSIDY, by simple arithmetic, had disappeared and even turned positive over the past year.

So, sir, your argument is totally debunked.
You know that, hence the compulsive recourse, the addiction to invoke GEJ to justify wishy washy ad-hoc policies of this government.

The government desperately needs money.
Period.

Nigerians who are going to be negatively affected by this 68% jump in pump prices have As much right to protest and vent their anger NOW as they did in 2012.
Period.

Anyone who thinks otherwise is a liar and a big hypocrite.

DesChyko:
The plain reality is that Jonathan was right. Unfurling layers after layers of semantics doesn't coat your double-standards.

Meanwhile, in one breath, you ridicule him for not saving during the days of boom. In another breath, you post this:

Make up your mind

DropShot:
The plan was right but he didn't have the trust of Nigeria not to waste the ploughed back subsidy.

If the scenario occurs again with GEJ at the helms, we will resist him. There lies the difference.

kaka74:
You a bloddy lying hypocrite somebdy dat won elections in may convincingly didn't have d trust of nigerians in dec?

plaetton:
This is what I call cooking a good soup and then covering it with dirty cloth.

There are good sound arguments for the removal of any SUBSIDY of any sort.

Those arguments were valid during the Abacha era, valid during the OBJ era, valid during the GEJ era, and still valid today.

It is really that simple.

Now, dragging GEJ into every wishy washy policy reversals and rigmaroles betrays the shallowness ,insecurity and cognitive dissonance that are the hallmarks of this government and its praise singers.

Saying that subsidy removal is well warranted now, but wasn't during the GEJ era, and then using very silly illogical arguments about excess crude oil, higher oil price, etc, go buttress such convoluted logic betrays the extremes of hypocrisy and cognitive dissonance.

If you understand the simple logic of fuel SUBSIDY, then your argument is laughable, at best.

Let me enlighten you.

You see sir, the higher the price of crude oil, the higher the price refined petroleum, and hence, the higher the SUBSIDY the government pays to make petrol available.

Therefore, by simple arithmetic, it was much more imperative to remove SUBSIDY or increase the pump price during GEJ era than it is now that the price of crude oil is 70% less than what it was during the said GEJ time.

As of last month, several media in Nigeria repeatedly reported that the government was making a PROFIT of about N8-N10 per litre of petrol sold in Nigeria.

SUBSIDY, by simple arithmetic, had disappeared and even turned positive over the past year.

So, sir, your argument is totally debunked.
You know that, hence the compulsive recourse, the addiction to invoke GEJ to justify wishy washy ad-hoc policies of this government.

The government desperately needs money.
Period.

Nigerians who are going to be negatively affected by this 68% jump in pump prices have As much right to protest and vent their anger NOW as they did in 2012.
Period.

Anyone who thinks otherwise is a liar and a big hypocrite.

duality:
It's obvious you don't know when to stop being silly.

Your insistence on labeling GEJ ineffectual, 7 months after he overwhelmingly won an election and accepted by majority except for the agrived nothern boko haram supporters, kills every objectivity in your writeup.

The subsidy opposition in 2012 was wrong and was all political sentiments. QED.

DropShot:
Times are tough, no doubt. The situation we find ourselves as a nation is dire, no doubt. As the FG announced the new price regime for fuel pump price from 87 naira to 145 naira max, a lot of people including on this forum have criticized the action of the government and accusing it of insensitivity to the plight of the common man.

While this article is not deliberately focused on the past administration of GEJ and how it managed our resources, it’s nearly impossible to attempt to justify the current government’s action without needing to make reference to the oil boom period of 2011 to 2014. Had the immediate past administration judiciously utilized what we earned and what it inherited from OBJ/Yar’Adua, it’s very unlikely that we will find ourselves in this messy situation.

While I don’t oppose a government providing palliatives to its citizens to cushion effects of high cost of essential commodities, it makes no economic sense to do that if there are no resources to do it. Nigeria with a paltry $27 billion dollars in foreign reserves (GEJ met it at $47 billion, earned more than any president in Nigeria’s history, yet depleted it to abysmal level), $2 billion in Excess Crude Account, lacks the resources to subsidize fuel.

In the same way, it will be disastrous to support a corrupt regime to remove subsidy from essential commodities while the president watches helplessly as his foot soldiers defraud the citizens and enrich themselves corruptly. Numerous corruption cases ongoing is a reminder of how GEJ allowed the Dasukis, Bafarawas, Akpobolokemis, Mettuhs, Diezannis, Inde Dikos and many others steal us blind.

Brief History of Fuel Subsidy
Beginning from when OBJ re-introduced fuel subsidy in 2006 as a palliative for high landing cost of imported refined fuel, Nigeria has spent more than N6 trillion to subsidize fuel since then
*2006 – N151.9 billion; *2007- N188 billion; *2008 – N256.3billion (January to July); *2009 – N421.5billion; *2010 – N673 billion; *2011 – (N1.3 trillion)revised to N2.19 trillion; *2012 – N888 billion + N161.6 billion supplementary *2013 – N971 billion; and, *2014 – N971.1 billion
http://www.vanguardngr.com/2015/05/why-fuel-subsidy-must-go-2/
The amount spent on subsidy in 2015 was in excess of N1 trillion
http://www.dailytrust.com.ng/news/general/nigeria-spends-n1tr-on-fuel-subsidy-in-2015-kachikwu/124416.html

Why Fuel Subsidy Is Not Sustainable Now
It’s not a hidden fact that our earnings from crude sale has nose-dived; more than halved from what it used to be. The average crude price per barrel now is below 30$ since beginning of this year. When compared to an average of $90 to $100 for the four years of 2011 to 2014, no one need a rocket scientist to understand the money to subsidize the product is no longer there.

Throughout the world, all countries that have their economy largely dependent on crude oil have experienced economic set-back and most of them have taken drastic actions to cut back on their expenses on subsidy. Saudi Arabia, at the beginning of crude price fall had more than $600 billion in foreign reserves, yet she increased fuel pump price by 50% http://money.cnn.com/2016/01/05/news/economy/saudi-arabia-oil-budget-gas/.

Qatar increased fuel price by about 35% and still planning to increase it further, UAE and many other Gulf countries refine their own crude locally, can afford to keep subsidy, yet have all removed some subsidy from petroleum products. The only places where fuel prices have gone down since crude price crash are the economies that were not enjoying any form of subsidy when crude price was high.

Going by this summation, it amounts to irrationality, lack of having any grasp about happenings in the world economy, or pure and deliberate emotional blackmail to expect Nigeria to be able to keep subsidizing fuel especially with her current economic recession.

Why Nigerians Were Right to Oppose GEJ’s Subsidy Removal in 2012
I, among many other Nigerians were opposed to GEJ’s plan to remove subsidy from petrol in 2012 and here are some of the reasons:
1. GEJ by then had already proved to be shamelessly corrupt and lacking the political will to stem the tide. So, we were right to believe that the subsidy to be removed will still end up being looted one way or the other. Events since after the partial removal have proved us right as not a single measure of the promised palliatives was fulfilled. No mass transit buses. No new refineries as promised. No new roads built as promised.

2. Nigeria was earning excess from crude oil as at then. As such, we should be able to enjoy some part of the excess profits through subsidy. If ministers, Special Advisers and other top government officials were stealing us blind and we saw them, why should we not have a right to some subsidy which was paid for by the excess earnings from our crude?


The Way Forward
For Nigeria to get out of the fuel crisis quagmire, there are certain things we should be doing but are failing to do:

1. Diversify the economy: In the past, lip service was paid to economic diversification. To be sincere, we have missed our best opportunity to diversify our economy with little or no pain. The second best opportunity is NOW which unfortunately comes with pains and sacrifice. We cannot expect the government of PMB to diversify the economy and not plough resources from subsidy towards the diversification; especially when we are earning far less than we require now.

2. Build more refineries: Without having the capacity to refine our local petrol demand in the next two to three years, fuel price will go up further and we will be back to square one when crude price goes up astronomically again. It’s good to hear that the FG in partnership with some businesses is planning to have new refineries on board within three years from now. I hope it comes to fruition.

So, should we find ourselves in the same position as 2012, with a president who acts like GEJ, I am certain Nigerians will resist any attempt to remove the fuel subsidy. But given the current economic situation and the type of president we now have, it will be unpatriotic not to support him. Even his worst detractors know in their deep heart that this president is not an IB and not a corruption personified.

Constructive criticism is welcome. Empty brains should stay away!

DropShot:
As I said, he would have been right and successful if he had not proved to be corrupt and ineffectual. End of story.

Rose2014:
When I first heard the word PSYCHOLOGY, I spelt it as SYCOLOGY. I didn't know there was a silent P
When APC promised us N45 as pms pump price, I didn't also know there was a silent 'hundred'
*Copied*




Btw op doesn't live in Nigeria and he won't be the one to feel the heat of this removal. For example he won't be the one buying tomatoe for N5000 just to make a pot of stew but zombies already supporting him as expected.
Even the zombies are looking for any visa at all to jet out of Nigeria cos of hardship but they have to come here to defend shit just to save face.

One year in office and Nigeria has bn taken 10 years backward. Yet they're still promising u change on top of cancelled promises
By d time those guys finish with this economy, $1 will be N1000
You don't trust GEJ but you trust the faces of change. Yeye de smell

LadyExcellency:
Tell me more, 7 months into his inauguration?

You are wrong, nobody questioned or came up with Jonathan's integrity after 7 months into his administration until your fake, sponsored and bigoted anti-deregulation protest.

His approval rating was at all time high of 70+ on December, 2011

Ngokafor:
....Oh so the iddiotic op does not even live in Nigeria...and poverty-stricken zombies traped in this country are supporting and applauding the dishonest clown....*walks out hissing*

cococandy:
Even if he doesn't live in the country what about his relatives there?
Anybody that can't sympathize with others because it's not affecting him directly is not a nice person.

Just imagine what people are going through for Christ sake. Even the smallest things cost triple their normal prices.

LadyExcellency:
The only write-up worthy of appreciation or/and reading now should be: Jonathan was right on subsidy removal.

Tell us the flaws of Ojota's sponsored bring-back our subsidy protest.

Condemn every opposition and demonization of Jonathan's administration on Subsidy removal January, 2012.

Blast every anti-deregulation cabal and opposition to Jonathan administration second push to total deregulation when he re-echoed it six months after the previous was defeated.

Do you know that the two challenges that escalated looting in Jonathan's administration was imposed on him? I mean fuel subsidy and Bokoharam. Both anti-deregulation and Bokoharam were sponsored to bring down Jonathan's administration and there they succeeded.

Let's for once appreciate some of the great policies of past administration.

Rose2014:
When I first heard the word PSYCHOLOGY, I spelt it as SYCOLOGY. I didn't know there was a silent P
When APC promised us N45 as pms pump price, I didn't also know there was a silent 'hundred'
*Copied*




Btw op doesn't live in Nigeria and he won't be the one to feel the heat of this removal. For example he won't be the one buying tomatoe for N5000 just to make a pot of stew but zombies already supporting him as expected.
Even the zombies are looking for any visa at all to jet out of Nigeria cos of hardship but they have to come here to defend shit just to save face.

One year in office and Nigeria has bn taken 10 years backward. Yet they're still promising u change on top of cancelled promises
By d time those guys finish with this economy, $1 will be N1000
You don't trust GEJ but you trust the faces of change. Yeye de smell

LadyExcellency:
The only write-up worthy of appreciation or/and reading now should be: Jonathan was right on subsidy removal.

Tell us the flaws of Ojota's sponsored bring-back our subsidy protest.

Condemn every opposition and demonization of Jonathan's administration on Subsidy removal January, 2012.

Blast every anti-deregulation cabal and opposition to Jonathan administration second push to total deregulation when he re-echoed it six months after the previous was defeated.

Do you know that the two challenges that escalated looting in Jonathan's administration was imposed on him? I mean fuel subsidy and Bokoharam. Both anti-deregulation and Bokoharam were sponsored to bring down Jonathan's administration and there they succeeded.

Let's for once appreciate some of the great policies of past administration.

MizMyColi:
[font=Georgia]
Some of you do it because your brother is in power. Mo specifically mentioned the Yoruba factor.

No offence meant & I'm not trolling you but as long as you have totally aligned with a party,irrespective of its ideology and quality of people it fronts , you have to take all it presents warts & all...

You can't allow emotional reservation get in the way, it's only if your support is tied to particular values,goals, beliefs, an individual or a particular group as a subset, that is when you can pick and choose.

2011, despite ACN being the yoruba identity, Ribadu was on OYO, I voted CPC cos of Buhari[ ... as it is today, 95% of APC can catch fire,I won't even spit on them let alone try to douse it but I'm somewhat sympathetic to their course cos of Buhari & the Yoruba factor......

If your heart really is with PDP, sheriff is a no factor, however the fact that he has plans of transmuting to presidential candidate is enough to mull over though, very dicey... peace.

DropShot:
No need to hyperventilate. Just check your facts.

DropShot:
That's because you've chosen to be blind to it.

dutchie101:
Ok if Jonathan was right back then as claimed by wailers, how come he did not insists on subsidy removal, could it be because he was to weak to implement as evident in other policies he proposed like TSA , Trains, BVN, Niger bridge?.....how come he did not act like a firm leader and do what was best for the country then even in the face of pressures and riots? Oh could it be because of those cabals, i mean where they so strong or what? I mean GEJ indeed had good plans but he did not have the wherewithal to implement, do we truly want that as a president of our dear nation?
The guys criticizing Buhari now on every single oppurtunity should know that its not possible to bring bag GEJ, we are all stucked with Buhari at least until 2019, no amount of wailing can change that, just wait until 2019 and use ur voting power instead. Writing gibberish on here does not and will not change anything, dont waste your energy, instead make the best of the current situation you have found yourself with new pump price, make adjustments and stop wailing...and if you are jobless and insist on wailing better off look for the next proposed subsidy protest and join, just make sure you take your bed along with essential supplies because you may be there for the long haul.

DropShot:
How?