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Nairaland Forum / Nairaland / General / Politics / Osinbajo: NNPC — Not FG — Bearing Cost Of Subsidy (15111 Views)
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Re: Osinbajo: NNPC — Not FG — Bearing Cost Of Subsidy by nawtyme: 5:18am On Dec 27, 2017 |
Haba.... Does this man forget that he is a pastor at times? How can anyone try to separate NNPC from FG? 3 Likes |
Re: Osinbajo: NNPC — Not FG — Bearing Cost Of Subsidy by Lanretoye(m): 7:24am On Dec 27, 2017 |
AZeD1:nairaland minister for petroleum,so when market price per barrel increased as against when the subsidy was removed and the demand and sales of Nigerian crude oil has also appreciated,your next economic policy is to introduce subsidy right? see someone calling people illiterate on the thread,smh. 5 Likes 1 Share |
Re: Osinbajo: NNPC — Not FG — Bearing Cost Of Subsidy by Sammiejokes(m): 7:27am On Dec 27, 2017 |
agwom:Do you lack comprehension? 1 Like |
Re: Osinbajo: NNPC — Not FG — Bearing Cost Of Subsidy by agwom(m): 8:43am On Dec 27, 2017 |
Sammiejokes:yes 3 Likes 1 Share |
Re: Osinbajo: NNPC — Not FG — Bearing Cost Of Subsidy by hegelian: 8:46am On Dec 27, 2017 |
AZeD1:i think you are the illiterate one.. if you have worked in a big company as you claimed you will know all bugdet is defended with the finance department to justify what and how it translate to the goodwill of the company...in this case the house of assembly and the finance minister(a representative of the president)..you all think you are smart but in reality you have all got 90 for IQ or maybe you are just plain old hypocrite 8 Likes 2 Shares |
Re: Osinbajo: NNPC — Not FG — Bearing Cost Of Subsidy by PFRB: 9:10am On Dec 27, 2017 |
nawtyme: Either the pastor has left him or he has left the pastor. May be they have left each other. May be they were not together initially. 5 Likes |
Re: Osinbajo: NNPC — Not FG — Bearing Cost Of Subsidy by booblacain(m): 9:21am On Dec 27, 2017 |
AZeD1: Politics? How does NNPC gain politically by subsidizing fuel? |
Re: Osinbajo: NNPC — Not FG — Bearing Cost Of Subsidy by AZeD1(m): 9:21am On Dec 27, 2017 |
hegelian:NNPC defend budget ...... Lol You should ask your Senator if NNPC submitted a budget to them to approve first. |
Re: Osinbajo: NNPC — Not FG — Bearing Cost Of Subsidy by AZeD1(m): 9:25am On Dec 27, 2017 |
Lanretoye:Do you even understand what you wrote? |
Re: Osinbajo: NNPC — Not FG — Bearing Cost Of Subsidy by AZeD1(m): 9:27am On Dec 27, 2017 |
booblacain:Ask the NNPC's MD. 1 Like |
Re: Osinbajo: NNPC — Not FG — Bearing Cost Of Subsidy by booblacain(m): 9:37am On Dec 27, 2017 |
AZeD1: Wow, nairalanders and attitude. I thought we were having a conversation here and you had good knowledge of how these things work. Here I was thinking I could learn something from you. Not everyone is here to argue man, and do not say things you can't back up with facts or at least a clear explanation, it exposes your ignorance. 4 Likes 1 Share |
Re: Osinbajo: NNPC — Not FG — Bearing Cost Of Subsidy by hegelian: 9:40am On Dec 27, 2017 |
AZeD1:i think you are the dull one..NNPC is a subset of petroleum ministry and GMD NNPC report to the minister of petroleum and ministry of petroleum defend budget...so what are u sayinglike i said everybody is not a fool or silly, so now come again and bring another turn 4 Likes |
Re: Osinbajo: NNPC — Not FG — Bearing Cost Of Subsidy by AZeD1(m): 9:52am On Dec 27, 2017 |
booblacain:NNPC's MD is a political appointee. He would do anything to remain on that sit. It's part of the reason presidents see the NNPC as their bank. All the need to do is appoint some loyal. 4 Likes |
Re: Osinbajo: NNPC — Not FG — Bearing Cost Of Subsidy by AZeD1(m): 9:57am On Dec 27, 2017 |
hegelian:Dude you obviously don't know how Nigeria works. Let me help you, as at November 1 the NNPC had not submitted it's 2017 budget. https://newtelegraphonline.com/2017/11/nnpc-customs-cbn-33-agencies-yet-submit-2017-budget/ PS: once upon a time, the Senate refused to approve the budget of the SEC because of their fight with Aruma Oteh, and the woman didn't send them. Sanusi also refused to submit a budget for the CBN. 2 Likes |
Re: Osinbajo: NNPC — Not FG — Bearing Cost Of Subsidy by hegelian: 10:05am On Dec 27, 2017 |
AZeD1:bros you are makeing a fool of yourself the more...if NNPC which is a subset of a ministry with a functioning minister have not submitted its budget of 2017, what does that tell you? a sane person will know that the minister of that ministry is either very incompetent or stupid or at best utterly corrupt,which translate to the fact that the govt is imcompetent and cluelessly corrupt(and here the president is the head of the govt and also the minister of petroleum with an agency under him that have not submitted 2017 budget that has only a few days to end...what an irony)....my brother the more you try to defend the indefensible the more you appear foolish (sometimes its best to keep quiet) 5 Likes |
Re: Osinbajo: NNPC — Not FG — Bearing Cost Of Subsidy by Rainmaker69(m): 10:08am On Dec 27, 2017 |
One of the most closely guarded secrets in Nigeria is that NNPC is not a government parastatal or department. NNPC is a limited liability company with shareholders and a board of directors. The Federal Government has a large say in the management and affairs of NNPC only because it is the majority shareholder. Other OICs and entities are shareholders in NNPC. Therefore, in actual fact, NNPC is not government, its just a national carrier, like Nigerian Airways. The real regulators are the Ministry and DPR. Unfortunately, several decades of scheming, manipulation and undermining caused by over-regulation has placed NNPC and DPR at the top of the food chain. 4 Likes |
Re: Osinbajo: NNPC — Not FG — Bearing Cost Of Subsidy by AZeD1(m): 10:17am On Dec 27, 2017 |
hegelian: Dude I have told you to go and learn how Nigeria works. Historically, revenue generating agencies don't submit budgets to the Senate. They make the money they spend unlike non revenue generating agencies that require money to be allocated to them. NNPC'S budget is totally different from that of the Ministry of petroleum. 2 Likes |
Re: Osinbajo: NNPC — Not FG — Bearing Cost Of Subsidy by AZeD1(m): 10:17am On Dec 27, 2017 |
Rainmaker69:God bless you. Is the NNPC a limited liability or an act of Parliament? Other agencies (CBN, NPA) also have boards of directors and the likes. 3 Likes |
Re: Osinbajo: NNPC — Not FG — Bearing Cost Of Subsidy by Paperwhite(m): 10:27am On Dec 27, 2017 |
So NNPC is no more an agency of the Nigerian government Instead of the useless,shameless and hypocritical APC government to acknowledged that they erred with the subsidy issue,they rather choose to insult the sensibility of Nigerians with this hypocrisy. APC is under a curse. 2 Likes |
Re: Osinbajo: NNPC — Not FG — Bearing Cost Of Subsidy by gratefulalways: 10:30am On Dec 27, 2017 |
Wooooowwwwww!!!! What a convenient & evasive explanation. AZeD1: |
Re: Osinbajo: NNPC — Not FG — Bearing Cost Of Subsidy by dasrackhor(m): 10:31am On Dec 27, 2017 |
ivandragon:NNPC and FG are they not the same. Wetin person no go hear... |
Re: Osinbajo: NNPC — Not FG — Bearing Cost Of Subsidy by lloyds(m): 10:35am On Dec 27, 2017 |
That's rubbish talk. Who will bear the cost of NNPC is the ultimate. At worst consequence, the FG resorts to borrowing. 1 Like |
Re: Osinbajo: NNPC — Not FG — Bearing Cost Of Subsidy by MaKenz: 10:37am On Dec 27, 2017 |
APC half finished us ni... using Pst. Osi as image maker i tire oh 1 Like |
Re: Osinbajo: NNPC — Not FG — Bearing Cost Of Subsidy by Nobody: 10:38am On Dec 27, 2017 |
Eleribu pastor. The money NNPC suppose remit to FG is less the subsidy. So FG still pays 1 Like |
Re: Osinbajo: NNPC — Not FG — Bearing Cost Of Subsidy by shedy03(m): 10:38am On Dec 27, 2017 |
ivandragon:I wonder o 1 Like |
Re: Osinbajo: NNPC — Not FG — Bearing Cost Of Subsidy by Adebowale89(m): 10:38am On Dec 27, 2017 |
reading this from a whole prof? osibanjo you're a disgrace to all professors in Nigeria with this layman statement keeping mute on this would have been better, quit disgracing yourself in the name of politics 3 Likes |
Re: Osinbajo: NNPC — Not FG — Bearing Cost Of Subsidy by hegelian: 10:40am On Dec 27, 2017 |
AZeD1:mr man stop your rehtorics, is NNPC a ghost that doesnt defend its own budget if Nigeria have been working upside down, is that not why we voted in mr integrtiy to fix?why still comparing the failure of now with the before when we expect change?isnt that a statement of failure? budget of a ministry is a block of budgets from all MDAs, agencies and parastatals that make up that ministry....so bros stop your fooling cos we aint kindergaten students....has the govt filed? yes absolutely!!! is there a room for improvement? yes definitely!!! what we shoud all be doing is to ask them to sit up and do the right thing not defending errors and stupidity all in the name of support 9 Likes |
Re: Osinbajo: NNPC — Not FG — Bearing Cost Of Subsidy by Awoleesu(m): 10:41am On Dec 27, 2017 |
Very bad shot Pastor VP! Is NNPC a trading corp? Where does NNPC get the funds to subsidize fuel? And if true, how does FG ensure this isn't another subsidy fraud about to burst! We're truly done for under this government! 1 Like |
Re: Osinbajo: NNPC — Not FG — Bearing Cost Of Subsidy by amarilo: 10:43am On Dec 27, 2017 |
AZeD1:Ok then dollars was above 500, why did the pms price not come down when the dollar lost almost 200 naira and why is the pms price going up now that the dollar did not go up? 2 Likes 1 Share |
Re: Osinbajo: NNPC — Not FG — Bearing Cost Of Subsidy by RaptorX: 10:45am On Dec 27, 2017 |
Mcsenior:Get a snake to bite you and treat yourselves first. 2 Likes |
Re: Osinbajo: NNPC — Not FG — Bearing Cost Of Subsidy by pawesome(m): 10:46am On Dec 27, 2017 |
All of a sudden,osibanjo dn de sound lik dullard 1 Like |
Re: Osinbajo: NNPC — Not FG — Bearing Cost Of Subsidy by pawesome(m): 10:47am On Dec 27, 2017 |
amarilo:hello...they tried and what happened? |
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