₦airaland Forum

progress69:
For the wailers who hapilly invaded this thread thinking they will see something to masturbate about, Sorry for the disapointed. Am dure some of you Ekpas will only read the headline and fly to comment.

Back to the matter;

In 2009 when I became governor of Central Bank, the Nigerian government spent N291 billion that year subsidizing petroleum products.

“Two years later in 2011, N2.13 trillion was spent on the same subsidy, so has our population increased ten fold? It was very clear that this wasn’t oil subsidy; it was a scam.


This is just oine of the greatest heist carried out by the gele wearing woman and her master. Imagine using 25% of this year's budget to finance bogus subsidy claims. Even the most inteligent and unrepentant wailer can never come up with anything meaningful to defend this scam


“This is just on kerosene; can you imagine a country losing $120m every month to a non-existent subsidy on kerosene, and not on the PMS.

This one is broad day light robery. Nobody ever i repeat nobody ecer biught kerosene at a subsidized price of N50 -N55 per litre at any filling station. Just once in a blue moon that NNPC sells at the price at select outlets. who was swallowing all the money?

Today oil is selling below 50usd per barrel for over a year now,everyone is crying economy.imagine we had all these monies in our reserves

God help us

Ask4bigneyo:
m

mrkayusfit:
The Niger delta terrorists are the ones crippling our economy. Left to me, i prefer the military invade the Niger delta creeks to smoke out the scavengers crippling our oil wealth just like they did in arepo creeks. Negotiations is not the way out. Bombard the idiiots and let them know force is the only reply from the government. Many states can't pay salaries because our oil production is dropping because of a few miscreants fighting for their pockets. We once fed the country with cocoa and agriculture money from the north and no youths from SW & North formed militancy. Lazy parasites waiting for monthly stipends from our oil wealth instead of looking for what to do

Keneking:
Tell your leader, Mr. MBuhari

M Buhari met dollars at NGN199/$ under one year its moved to NGN390/$ parallel, useless government, nonsense.

You are also responsible for the decay, tell your current leaders, speak the truth for once.

Nonsense, I am outta of this thread, quote me and see

Keneking:
Tell your leader, Mr. MBuhari

M Buhari met dollars at NGN199/$ under one year its moved to NGN390/$ parallel, useless government, nonsense.

You are also responsible for the decay, tell your current leaders, speak the truth for once.

Nonsense, I am outta of this thread, quote me and see

progress69:
For the wailers who hapilly invaded this thread thinking they will see something to masturbate about, Sorry for the disapointed. Am dure some of you Ekpas will only read the headline and fly to comment.

Back to the matter;

In 2009 when I became governor of Central Bank, the Nigerian government spent N291 billion that year subsidizing petroleum products.

“Two years later in 2011, N2.13 trillion was spent on the same subsidy, so has our population increased ten fold? It was very clear that this wasn’t oil subsidy; it was a scam.


This is just oine of the greatest heist carried out by the gele wearing woman and her master. Imagine using 25% of this year's budget to finance bogus subsidy claims. Even the most inteligent and unrepentant wailer can never come up with anything meaningful to defend this scam


“This is just on kerosene; can you imagine a country losing $120m every month to a non-existent subsidy on kerosene, and not on the PMS.

This one is broad day light robery. Nobody ever i repeat nobody ecer biught kerosene at a subsidized price of N50 -N55 per litre at any filling station. Just once in a blue moon that NNPC sells at the price at select outlets. who was swallowing all the money?

Today oil is selling below 50usd per barrel for over a year now,everyone is crying economy.imagine we had all these monies in our reserves

God help us

Miranda11:
Who was President of nigeria in 2009? i believe it was that person who appointed Sanusi as CBN Governor, why didn't he tell Yaradua then that subsidy was a scam or challenge Obasanjo that subsidy was a scam?

Jonathan tried to remove subsidy during his time and Sanusi was the CBN gov then, because Jonathan knew it was a huge scam but the APC people in power now fought against it, only for the same APC people who supported Sanusi to become Emir of Kano, to turn around and remove it.

Sanusi was also part of the foolish people that created the policy, so please who is scamming who here?

ba7man:
The answer to your post was given in Sanusi's statement but you're just too blind to see it.

Destined2win:
Sanusi is indirectly calling those who made the policy 'foolish'

mrkayusfit:
The Niger delta terrorists are the ones crippling our economy. Left to me, i prefer the military invade the Niger delta creeks to smoke out the scavengers crippling our oil wealth just like they did in arepo creeks. Negotiations is not the way out. Bombard the idiiots and let them know force is the only reply from the government. Many states can't pay salaries because our oil production is dropping because of a few miscreants fighting for their pockets. We once fed the country with cocoa and agriculture money from the north and no youths from SW & North formed militancy. Lazy parasites waiting for monthly stipends from our oil wealth instead of looking for what to do

progress69:
For the wailers who hapilly invaded this thread thinking they will see something to masturbate about, Sorry for the disapointed. Am dure some of you Ekpas will only read the headline and fly to comment.

Back to the matter;

In 2009 when I became governor of Central Bank, the Nigerian government spent N291 billion that year subsidizing petroleum products.

“Two years later in 2011, N2.13 trillion was spent on the same subsidy, so has our population increased ten fold? It was very clear that this wasn’t oil subsidy; it was a scam.


This is just oine of the greatest heist carried out by the gele wearing woman and her master. Imagine using 25% of this year's budget to finance bogus subsidy claims. Even the most inteligent and unrepentant wailer can never come up with anything meaningful to defend this scam


“This is just on kerosene; can you imagine a country losing $120m every month to a non-existent subsidy on kerosene, and not on the PMS.

This one is broad day light robery. Nobody ever i repeat nobody ecer biught kerosene at a subsidized price of N50 -N55 per litre at any filling station. Just once in a blue moon that NNPC sells at the price at select outlets. who was swallowing all the money?

Today oil is selling below 50usd per barrel for over a year now,everyone is crying economy.imagine we had all these monies in our reserves

God help us

ba7man:
The answer to your post was given in Sanusi's statement but you're just too blind to see it.

anthonanik:
I thought the removal of subsidy would bring money/save cost for the country?
now federal government invest billions on oil exploration in Lake Chad..what does that entails?.. government of the blame by the blame and for the blame of the past administration..is Buhari not been paid as president? president should focus on what he was voted in to do..

plainol:
If I can remember very well Mr Emir, you were on that seat with opolo eye & madam gele defending subsidy that year, abi I lie?

Miranda11:
Who was President of nigeria in 2009? i believe it was that person who appointed Sanusi as CBN Governor, why didn't he tell Yaradua then that subsidy was a scam or challenge Obasanjo that subsidy was a scam?

Jonathan tried to remove subsidy during his time and Sanusi was the CBN gov then, because Jonathan knew it was a huge scam but the APC people in power now fought against it, only for the same APC people who supported Sanusi to become Emir of Kano, to turn around and remove it.

Sanusi was also part of the foolish people that created the policy, so please who is scamming who here?

Femich18:
when they won't read. How do you expect him and his space bookers crew to see the truth.

Cadamlk:
When GEJ removed the subsidy in 2011,i was among the few that supported the idea. I wonder why the man bowed to pressure and returned it again.

I kept telling people that subsidy is a scam,they called me names.Now i have been vindicated.

Cadamlk:
When GEJ removed the subsidy in 2011,i was among the few that supported the idea. I wonder why the man bowed to pressure and returned it again.

I kept telling people that subsidy is a scam,they called me names.Now i have been vindicated.

orisa37:
Good luck was a civilian President, he hadn't the guts to stop subsidy payments. And now, we have Buhari, a Military President, why can't he stop immediately this nonsense payments? The Land Use Decrees vest ownership in State Governance, why can't the Governors collect RENTS AND RATES AND OTHER LAND CHARGES FROM RIGS INVESTORS? The CAMD is the only Instrument of the FG that empowers her to charge Companies Income Taxes throughout the Federation. And for these reasons, we are asking the NASS to AMEND THE 1999 CONSTITUTION TO GRANT FULL AUTONOMY TO THE 36 STATES OF THE FEDERATION AND ENCAPSULATE THEM INTO THE EXISTING GEOGRAPHICAL AND CONVENTIONAL SIX ZONES THAT WE ALL KNOW. I hope you've now realized that Allah miraculously saved Nigeria from the hyperinflationary disaster that your N5000 notes would have caused?