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Buhari Did Not Pay Subsidy - Get Your Fact Right! - Politics - Nairaland

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Do Not Pay For Electricity After 2 Weeks – NERC Announces New Regulations / FG Did Not Pay Us Any Ransom – Boko Haram On Released Dapchi Girls / Why We Pay ‘subsidy’ Without National Assembly’s Permission – NNPC (2) (3) (4)

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Buhari Did Not Pay Subsidy - Get Your Fact Right! by Remoter: 10:59pm On Apr 06, 2018
I have read very carefully sponsored article written by the spoke person of GEJ- Reno - and other e-warriors misinforming the public that Buhari has paid subsidy to the tune of 1.4 trillion. The following are the facts which can be verified from sane individuals and quarters:

1. GEJ actually paid legitimate and illegitimate subsidy - Legitimate to true importers and illegitimate to individual who NEVER made any importation. Illegitimate importers actually dominated GEJ's administration.
2. GEJ's Govt actually used that illegitimate payments to loot public treasury and that was the major concern of the then opposition.
3. Buhari on assumption of office felt the need to evenly distribute national resources through strategic capital projects scrapped subsidy and Nigerians were made to purchase a ltr of PMS at #145 when crude oil barrel was as low as $30.
4. Nigeria once again incurred rising revenue due to increase in the prices of crude at OPEC market hence the increase in the landing cost of refined PMS.
5. The Elite who are responsible for importation, connived and mounted pressure on FG to revert to the dark days of FREE SUBSIDY and PMB declined.
6. PMB however supported NNPC who has the statutory mandate to transact oil business on behalf of the nation to solely import PMS and ensure it is sold at same price that will keep #145 to Nigerians from all marketers.
7. NNPC however from the huge income being made from sales of crude will also import for Nigerians and regard the differential cost as trading loss. SIMPLE ECONOMICS!.
8. Kachukwu corroborated the trading loss - http://thenationonlineng.net/petrol-import-loss-hits-n1-4tr/ - but misrepresented by sponsored e-warriors who are bent on discrediting this administration at all cost leveraging on the relaxed attitude of our fact finding culture.

PMB has demonstrated compassion by not transferring the burden of the increase in crude oil price from the OPEC market to Nigerians, where NASS miscreants and ELITES will only wait for such money to be remitted and shared for white elephant projects, subsidy and allowances.

In addition to other modular refining capacities built and being built, Dangote refinery will come on stream before end of the year and PMB is allowing the full Govt support as it would tremendously help in that regard.

The govt had spent trillions since inception fixing our refineries but with efforts of saboteurs - Militants inclusive - embedded in the system by PDP, cannot allow these refineries to fully deliver.

#Getyourfactright.

5 Likes 4 Shares

Re: Buhari Did Not Pay Subsidy - Get Your Fact Right! by FarahAideed: 11:02pm On Apr 06, 2018
You Zombies actually don't have shame ..Dont worry when a new govt comes Kachikwu and Baru will explain to Nigerians from the dock what under recovery really means

18 Likes 3 Shares

Re: Buhari Did Not Pay Subsidy - Get Your Fact Right! by SalamRushdie: 11:07pm On Apr 06, 2018
What a foolish write up

12 Likes 2 Shares

Re: Buhari Did Not Pay Subsidy - Get Your Fact Right! by swagagolic01(m): 11:17pm On Apr 06, 2018
They can even defend the devil... tufikwa

6 Likes 3 Shares

Re: Buhari Did Not Pay Subsidy - Get Your Fact Right! by Angelparadise: 11:47pm On Apr 06, 2018
Is supporting Buhari means that the free given senses God give human to assist them to make life better becomes ineffective ? No wonder people like this almijiri op are genuinely call Zombie. Even when those in charge of NNPC said they paid 1.4 trillion on subsidy your sense refused to accept facts . This is very pathetic ! Is it a curse?

14 Likes 3 Shares

Re: Buhari Did Not Pay Subsidy - Get Your Fact Right! by Remoter: 11:53pm On Apr 06, 2018
SalamRushdie:
What a foolish write up

Foolish because it represents the fact.

What a generation!

3 Likes 3 Shares

Re: Buhari Did Not Pay Subsidy - Get Your Fact Right! by Remoter: 12:01am On Apr 07, 2018
Angelparadise:
Is supporting Buhari means that the free given senses God give human to assist them to make life better becomes ineffective ? No wonder people like this almijiri op are genuinely call Zombie. Even when those in charge of NNPC said they paid 1.4 trillion on subsidy your sense refused to accept facts . This is very pathetic ! Is it a curse?

Incase you are too busy to find the truth, here is the opening sentence made please read "Nigeria records about N1.4 trillion yearly as under-recovery from its importation and sale of Premium Motor Spirit at N145 per litre, Petroleum Resources Minister Ibe Kachikwu said yesterday."

The under-recovery came into being as a result of high landing cost which was due to increase in price of crude oil from international mkt which we are direct beneficiary and low selling price at #145.

3 Likes 2 Shares

Re: Buhari Did Not Pay Subsidy - Get Your Fact Right! by Remoter: 12:05am On Apr 07, 2018
FarahAideed:
You Zombies actually don't have shame ..Dont worry when a new govt comes Kachikwu and Baru will explain to Nigerians from the dock what under recovery really means

Under-recovery in this context means avoidable loss not subsidy.

3 Likes 2 Shares

Re: Buhari Did Not Pay Subsidy - Get Your Fact Right! by 4kDdullard: 12:09am On Apr 07, 2018
[s]
Remoter:
I have read very carefully sponsored article written by the spoke person of GEJ- Reno - and other e-warriors misinforming the public that Buhari has paid subsidy to the tune of 1.4 trillion. The following are the facts which can be verified from sane individuals and quarters:

1. GEJ actually paid legitimate and illegitimate subsidy - Legitimate to true importers and illegitimate to individual who NEVER made any importation. Illegitimate importers actually dominated GEJ's administration.
2. GEJ's Govt actually used that illegitimate payments to loot public treasury and that was the major concern of the then opposition.
3. Buhari on assumption of office felt the need to evenly distribute national resources through strategic capital projects scrapped subsidy and Nigerians were made to purchase a ltr of PMS at #145 when crude oil barrel was as low as $30.
4. Nigeria once again incurred rising revenue due to increase in the prices of crude at OPEC market hence the increase in the landing cost of refined PMS.
5. The Elite who are responsible for importation, connived and mounted pressure on FG to revert to the dark days of FREE SUBSIDY and PMB declined.
6. PMB however supported NNPC who has the statutory mandate to transact oil business on behalf of the nation to solely import PMS and ensure it is sold at same price that will keep #145 to Nigerians from all marketers.
7. NNPC however from the huge income being made from sales of crude will also import for Nigerians and regard the differential cost as trading loss. SIMPLE ECONOMICS!.
8. Kachukwu corroborated the trading loss - http://thenationonlineng.net/petrol-import-loss-hits-n1-4tr/ - but misrepresented by sponsored e-warriors who are bent on discrediting this administration at all cost leveraging on the relaxed attitude of our fact finding culture.

PMB has demonstrated compassion by not transferring the burden of the increase in crude oil price from the OPEC market to Nigerians, where NASS miscreants and ELITES will only wait for such money to be remitted and shared for white elephant projects, subsidy and allowances.

In addition to other modular refining capacities built and being built, Dangote refinery will come on stream before end of the year and PMB is allowing the full Govt support as it would tremendously help in that regard.

The govt had spent trillions since inception fixing our refineries but with efforts of saboteurs - Militants inclusive - embedded in the system by PDP, cannot allow these refineries to fully deliver.

#Getyourfactright.
[/s]

4 Likes

Re: Buhari Did Not Pay Subsidy - Get Your Fact Right! by ChangetheChange: 12:10am On Apr 07, 2018
Remoter:
I have read very carefully sponsored article written by the spoke person of GEJ- Reno - and other e-warriors misinforming the public that Buhari has paid subsidy to the tune of 1.4 trillion. The following are the facts which can be verified from sane individuals and quarters:

1. GEJ actually paid legitimate and illegitimate subsidy - Legitimate to true importers and illegitimate to individual who NEVER made any importation. Illegitimate importers actually dominated GEJ's administration.
2. GEJ's Govt actually used that illegitimate payments to loot public treasury and that was the major concern of the then opposition.
3. Buhari on assumption of office felt the need to evenly distribute national resources through strategic capital projects scrapped subsidy and Nigerians were made to purchase a ltr of PMS at #145 when crude oil barrel was as low as $30.
4. Nigeria once again incurred rising revenue due to increase in the prices of crude at OPEC market hence the increase in the landing cost of refined PMS.
5. The Elite who are responsible for importation, connived and mounted pressure on FG to revert to the dark days of FREE SUBSIDY and PMB declined.
6. PMB however supported NNPC who has the statutory mandate to transact oil business on behalf of the nation to solely import PMS and ensure it is sold at same price that will keep #145 to Nigerians from all marketers.
7. NNPC however from the huge income being made from sales of crude will also import for Nigerians and regard the differential cost as trading loss. SIMPLE ECONOMICS!.
8. Kachukwu corroborated the trading loss - http://thenationonlineng.net/petrol-import-loss-hits-n1-4tr/ - but misrepresented by sponsored e-warriors who are bent on discrediting this administration at all cost leveraging on the relaxed attitude of our fact finding culture.

PMB has demonstrated compassion by not transferring the burden of the increase in crude oil price from the OPEC market to Nigerians, where NASS miscreants and ELITES will only wait for such money to be remitted and shared for white elephant projects, subsidy and allowances.

In addition to other modular refining capacities built and being built, Dangote refinery will come on stream before end of the year and PMB is allowing the full Govt support as it would tremendously help in that regard.

The govt had spent trillions since inception fixing our refineries but with efforts of saboteurs - Militants inclusive - embedded in the system by PDP, cannot allow these refineries to fully deliver.

#Getyourfactright.

5 Likes 1 Share

Re: Buhari Did Not Pay Subsidy - Get Your Fact Right! by enlady(f): 12:21am On Apr 07, 2018
You are funny and deceptive op. What Buhari is doing is wrong. When will we change in this country?
We are back to subsidy. Tell your under recovery to illiterates. To make it more dangerous, there is no appropriation for this 1plus trillion. How can you allow NNPC (headquarters of corruption) to spend funds without budgeting for it? With people like Abba Kyari on NNPC board? Stop this nonsense. If you really love this govt, learn to criticise them when they are going wrong.

7 Likes 1 Share

Re: Buhari Did Not Pay Subsidy - Get Your Fact Right! by enlady(f): 12:29am On Apr 07, 2018
Nigeria currently incurs over N1.4 trillion yearly as under-recovery or losses on the importation and sale of petrol, minister of Petroleum Resources, Dr. Ibe Kachikwu, said yesterday.

The amount announced by the minister is more than the average N1 trillion appropriated and spent yearly as subsidy payments from 2006 to 2016 when the subsidy scheme was administered

https://www.dailytrust.com.ng/nigeria-incurs-n1-4tr-under-recovery-on-petrol-yearly-kachikwu.html

Can you see we are even paying more for subsidy now despite the increase in fuel pump prices for the masses. We are paying more for subsidy now than during the so-called corrupt past government. Where is the change? This government is a fraud!

5 Likes 1 Share

Re: Buhari Did Not Pay Subsidy - Get Your Fact Right! by enlady(f): 12:32am On Apr 07, 2018
If PMB has compassion, by now he will realise that Nigerians have not recovered from the hardship brought about by increase in pump price of petrol. The inflation it triggered is still biting hard.
Fuel price was increased with out any palliatives for Nigerians. I blame the masses though, we were all in zombie mode then angry

2 Likes 1 Share

Re: Buhari Did Not Pay Subsidy - Get Your Fact Right! by kernel502: 12:34am On Apr 07, 2018
Remoter:
I have read very carefully sponsored article written by the spoke person of GEJ- Reno - and other e-warriors misinforming the public that Buhari has paid subsidy to the tune of 1.4 trillion. The following are the facts which can be verified from sane individuals and quarters:

1. GEJ actually paid legitimate and illegitimate subsidy - Legitimate to true importers and illegitimate to individual who NEVER made any importation. Illegitimate importers actually dominated GEJ's administration.
2. GEJ's Govt actually used that illegitimate payments to loot public treasury and that was the major concern of the then opposition.
3. Buhari on assumption of office felt the need to evenly distribute national resources through strategic capital projects scrapped subsidy and Nigerians were made to purchase a ltr of PMS at #145 when crude oil barrel was as low as $30.
4. Nigeria once again incurred rising revenue due to increase in the prices of crude at OPEC market hence the increase in the landing cost of refined PMS.
5. The Elite who are responsible for importation, connived and mounted pressure on FG to revert to the dark days of FREE SUBSIDY and PMB declined.
6. PMB however supported NNPC who has the statutory mandate to transact oil business on behalf of the nation to solely import PMS and ensure it is sold at same price that will keep #145 to Nigerians from all marketers.
7. NNPC however from the huge income being made from sales of crude will also import for Nigerians and regard the differential cost as trading loss. SIMPLE ECONOMICS!.
8. Kachukwu corroborated the trading loss - http://thenationonlineng.net/petrol-import-loss-hits-n1-4tr/ - but misrepresented by sponsored e-warriors who are bent on discrediting this administration at all cost leveraging on the relaxed attitude of our fact finding culture.

PMB has demonstrated compassion by not transferring the burden of the increase in crude oil price from the OPEC market to Nigerians, where NASS miscreants and ELITES will only wait for such money to be remitted and shared for white elephant projects, subsidy and allowances.

In addition to other modular refining capacities built and being built, Dangote refinery will come on stream before end of the year and PMB is allowing the full Govt support as it would tremendously help in that regard.

The govt had spent trillions since inception fixing our refineries but with efforts of saboteurs - Militants inclusive - embedded in the system by PDP, cannot allow these refineries to fully deliver.

#Getyourfactright.



Remoter, abi promoter of lies...

2 Likes 1 Share

Re: Buhari Did Not Pay Subsidy - Get Your Fact Right! by SalamRushdie: 12:36am On Apr 07, 2018
Remoter:


Foolish because it represents the fact.

What a generation!

The fact that your so called under recovery is different from Subsidy? grin can't you see how you are fooling yourself..why don't you tell us what apporpriation your govt is getting the extra 26 naira it's using to subsidize petrol from oh sorry is it under recovery cheesy[right][/right]

1 Like

Re: Buhari Did Not Pay Subsidy - Get Your Fact Right! by Nonaira3: 12:37am On Apr 07, 2018
Angelparadise:
Is supporting Buhari means that the free given senses God give human to assist them to make life better becomes ineffective ? No wonder people like this almijiri op are genuinely call Zombie. Even when those in charge of NNPC said they paid 1.4 trillion on subsidy your sense refused to accept facts . This is very pathetic ! Is it a curse?

The job of BMC is to lie, lie, propaganda as much as they can till someone start believing their stories. They can't help it... Joining APC or supporting APC means removable of your senses

2 Likes 1 Share

Re: Buhari Did Not Pay Subsidy - Get Your Fact Right! by 4kDdullard: 1:13am On Apr 07, 2018
Your failed attempt to defend the worst government in the history of Nigeria makes you a semi-literate and half edaucated folk.
The institution that awarded your certificate needs to be questioned since it is obvious that you do not know what subsidy really means.
Below is Baru's position on Subsidy and you are here with your fabricated trash just to confuse co -zombies like you:

[b]NNPC’s N774m fuel subsidy to drop
TONY 
6 MAR 2018
…As landing cost falls to N166 per litre

By Udeme Akpan


THE N744 million under recovery or fuel subsidy currently incurred by Nigerian National Petroleum Corporation, NNPC, is set to drop as the landing cost has already fallen from N171 per litre to N166 per litre.


fuel-pump
Petroleum Products Pricing Regulatory Agency, PPPRA, with the responsibility to publish template targeted at guiding investors and users of petroleum products as well as the general public, has not made its data public for several months.

But investigation by Vanguard in Apapa, Lagos, where imported petroleum products are stored before they are lifted to other parts of Nigeria, showed that the landing cost, which previously stood at N171 per litre, dropped a few days ago as a result of the fall in oil price from $70 to $66 per barrel in the international market.

Consequently, Vanguard gathered that the total cost of imported fuel, including marketer’s margin, insurance, storage and distribution has fallen from N185 to N180 per litre.

The drop in total cost was mainly attributed to the recent fall in the price of crude oil from $70 to $67 per barrel, meaning that refinery owners now pay less for crude oil than before, thus resulting in low price, and by extension subsidy or under recovery incurred by the NNPC.

Traders said the fuel subsidy was not fixed but rises or falls, depending on developments in the international oil market and other variables.

Group Managing Director, NNPC, Mr.  Maikanti Baru, had yesterday, put the corporation’s daily fuel subsidy at N744 million.[/b]

2 Likes 1 Share

Re: Buhari Did Not Pay Subsidy - Get Your Fact Right! by mekaboy(m): 1:17am On Apr 07, 2018
Remoter:
I have read very carefully sponsored article written by the spoke person of GEJ- Reno - and other e-warriors misinforming the public that Buhari has paid subsidy to the tune of 1.4 trillion. The following are the facts which can be verified from sane individuals and quarters:

1. GEJ actually paid legitimate and illegitimate subsidy - Legitimate to true importers and illegitimate to individual who NEVER made any importation. Illegitimate importers actually dominated GEJ's administration.
2. GEJ's Govt actually used that illegitimate payments to loot public treasury and that was the major concern of the then opposition.
3. Buhari on assumption of office felt the need to evenly distribute national resources through strategic capital projects scrapped subsidy and Nigerians were made to purchase a ltr of PMS at #145 when crude oil barrel was as low as $30.
4. Nigeria once again incurred rising revenue due to increase in the prices of crude at OPEC market hence the increase in the landing cost of refined PMS.
5. The Elite who are responsible for importation, connived and mounted pressure on FG to revert to the dark days of FREE SUBSIDY and PMB declined.
6. PMB however supported NNPC who has the statutory mandate to transact oil business on behalf of the nation to solely import PMS and ensure it is sold at same price that will keep #145 to Nigerians from all marketers.
7. NNPC however from the huge income being made from sales of crude will also import for Nigerians and regard the differential cost as trading loss. SIMPLE ECONOMICS!.
8. Kachukwu corroborated the trading loss - http://thenationonlineng.net/petrol-import-loss-hits-n1-4tr/ - but misrepresented by sponsored e-warriors who are bent on discrediting this administration at all cost leveraging on the relaxed attitude of our fact finding culture.

PMB has demonstrated compassion by not transferring the burden of the increase in crude oil price from the OPEC market to Nigerians, where NASS miscreants and ELITES will only wait for such money to be remitted and shared for white elephant projects, subsidy and allowances.

In addition to other modular refining capacities built and being built, Dangote refinery will come on stream before end of the year and PMB is allowing the full Govt support as it would tremendously help in that regard.

The govt had spent trillions since inception fixing our refineries but with efforts of saboteurs - Militants inclusive - embedded in the system by PDP, cannot allow these refineries to fully deliver.

#Getyourfactright.

Total rubbish. How much does NNPC subsidize each litter to sell at 145?

What is trading loss? You buy something at 160 and sell at 145, who is paying the difference?

The same APC told us that the lower the crude sold, the less PMS should sell under Gej.

3 Likes 1 Share

Re: Buhari Did Not Pay Subsidy - Get Your Fact Right! by mekaboy(m): 1:23am On Apr 07, 2018
4kDdullard:
Your failed attempt to defend the worst government in the history of Nigeria makes you a semi-literate and half edaucated folk.
The institution that awarded your certificate needs to be questioned since it is obvious that you do not know what subsidy really means.
Below is Baru's position on Subsidy and you are here with your fabricated trash just to confuse co -zombies like you:

[b]NNPC’s N774m fuel subsidy to drop
TONY 
6 MAR 2018
…As landing cost falls to N166 per litre

By Udeme Akpan


THE N744 million under recovery or fuel subsidy currently incurred by Nigerian National Petroleum Corporation, NNPC, is set to drop as the landing cost has already fallen from N171 per litre to N166 per litre.


fuel-pump
Petroleum Products Pricing Regulatory Agency, PPPRA, with the responsibility to publish template targeted at guiding investors and users of petroleum products as well as the general public, has not made its data public for several months.

But investigation by Vanguard in Apapa, Lagos, where imported petroleum products are stored before they are lifted to other parts of Nigeria, showed that the landing cost, which previously stood at N171 per litre, dropped a few days ago as a result of the fall in oil price from $70 to $66 per barrel in the international market.

Consequently, Vanguard gathered that the total cost of imported fuel, including marketer’s margin, insurance, storage and distribution has fallen from N185 to N180 per litre.

The drop in total cost was mainly attributed to the recent fall in the price of crude oil from $70 to $67 per barrel, meaning that refinery owners now pay less for crude oil than before, thus resulting in low price, and by extension subsidy or under recovery incurred by the NNPC.

Traders said the fuel subsidy was not fixed but rises or falls, depending on developments in the international oil market and other variables.

Group Managing Director, NNPC, Mr.  Maikanti Baru, had yesterday, put the corporation’s daily fuel subsidy at N744 million.[/b]

They are all the same.

2 Likes 1 Share

Re: Buhari Did Not Pay Subsidy - Get Your Fact Right! by 4kDdullard: 1:24am On Apr 07, 2018
It will never be well with all of you zombies trying so hard to defend this criminal government.
People dying of hunger and starvation, people killed every week by the Fulani terrorists, astronomical debt piling in just 3 years, corruption worse than before, no single project executed by the criminal government, job losses, rising cost of essential commodities, nepostism in the highest order, etc inspite of all this a sensible person is still supporting this disaster.
You folks are mad! it shall never be well with anybody still supporting this failure directly or indirectly.
I repeat you are mad! if you cannot see that this government is a sham.

3 Likes 1 Share

Re: Buhari Did Not Pay Subsidy - Get Your Fact Right! by sekundosekundo: 3:37am On Apr 07, 2018
undecided

2 Likes 1 Share

Re: Buhari Did Not Pay Subsidy - Get Your Fact Right! by Remoter: 6:18am On Apr 07, 2018
enlady:
You are funny and deceptive op. What Buhari is doing is wrong. When will we change in this country?
We are back to subsidy. Tell your under recovery to illiterates. To make it more dangerous, there is no appropriation for this 1plus trillion. How can you allow NNPC (headquarters of corruption) to spend funds without budgeting for it? With people like Abba Kyari on NNPC board? Stop this nonsense. If you really love this govt, learn to criticise them when they are going wrong.

Let us be factual on this please, PMB doesn't want any citizen to pay more on PMS due to little boom the economy is enjoying. However, he doesn't also want to revert to very corrupt subsidy regime hence the decision to allow NNPC take full responsibility.

Only three options were available then
1. To completely deregulate and allow market forces to determine price which will be bore by citizens 100%
2. To fully start subsidy and allow elites who already have a sealed relationship with DPR, NNPC,PPMC and NAVY to fully come back and continue to milk our slim economy.
3. To shield the cost completely from the populace and allow fractions of our crude oil profit earned by NNPC to also be used for the differential cost.

PMB only opted for the best on our interest. Let be appreciative of his humane effort.

1 Like 1 Share

Re: Buhari Did Not Pay Subsidy - Get Your Fact Right! by doctokwus: 6:38am On Apr 07, 2018
enlady:
If PMB has compassion, by now he will realise that Nigerians have not recovered from the hardship brought about by increase in pump price of petrol. The inflation it triggered is still biting hard.
Fuel price was increased with out any palliatives for Nigerians. I blame the masses though, we were all in zombie mode then angry
We are talking of a man lacking the mental and intellectual capacity to govern and you are talking of him lacking compassion.
You are very funny.
Can you give what you don't even understand,talkless of having?

3 Likes

Re: Buhari Did Not Pay Subsidy - Get Your Fact Right! by Adekdammy: 6:48am On Apr 07, 2018
So what has Buhari being paying?

He is paying the difference from his personal purse abi?

The trillions spent on subsidy is referred to as what?

People like you who find it difficult to call a spade a spade are the ones killing this government, stop behaving like a psycophant or like a goat who at the sight of cassava can do anything .

3 Likes

Re: Buhari Did Not Pay Subsidy - Get Your Fact Right! by kutchs: 6:54am On Apr 07, 2018
Remoter:


Let us be factual on this please, PMB doesn't want any citizen to pay more on PMS due to little boom the economy is enjoying. However, he doesn't also want to revert to very corrupt subsidy regime hence the decision to allow NNPC take full responsibility.

Only three options were available then
1. To completely deregulate and allow market forces to determine price which will be bore by citizens 100%
2. To fully start subsidy and allow elites who already have a sealed relationship with DPR, NNPC,PPMC and NAVY to fully come back and continue to milk our slim economy.
3. To shield the cost completely from the populace and allow fractions of our crude oil profit earned by NNPC to also be used for the differential cost.

PMB only opted for the best on our interest. Let be appreciative of his humane effort.

Will you just shut up you deceptive conman.

3 Likes 1 Share

Re: Buhari Did Not Pay Subsidy - Get Your Fact Right! by joudini(m): 7:14am On Apr 07, 2018
Clown.

Everyone should be patient till their accounts are audited.

In their desperation to fool those who do not know better and in their deception to hide from what they ignorantly railed against, they use "underrecovery" instead of "subsidy".

The effect is the same on the balance sheet, ladies and gentlemen.
Re: Buhari Did Not Pay Subsidy - Get Your Fact Right! by enlady(f): 7:35am On Apr 07, 2018
I have asked you to stop the deception. We are back to subsidy facilitated by corrupt NNPC. Have you been reading NEITI's reports? NNPC continues to be the corruption headquarters of Nigeria!

Remoter:


Let us be factual on this please, PMB doesn't want any citizen to pay more on PMS due to little boom the economy is enjoying. However, he doesn't also want to revert to very corrupt subsidy regime hence the decision to allow NNPC take full responsibility.

Only three options were available then
1. To completely deregulate and allow market forces to determine price which will be bore by citizens 100%
2. To fully start subsidy and allow elites who already have a sealed relationship with DPR, NNPC,PPMC and NAVY to fully come back and continue to milk our slim economy.
3. To shield the cost completely from the populace and allow fractions of our crude oil profit earned by NNPC to also be used for the differential cost.

PMB only opted for the best on our interest. Let be appreciative of his humane effort.

2 Likes

Re: Buhari Did Not Pay Subsidy - Get Your Fact Right! by ocelot2006(m): 7:37am On Apr 07, 2018
Remoter:


Let us be factual on this please, PMB doesn't want any citizen to pay more on PMS due to little boom the economy is enjoying. However, he doesn't also want to revert to very corrupt subsidy regime hence the decision to allow NNPC take full responsibility.

Only three options were available then
1. To completely deregulate and allow market forces to determine price which will be bore by citizens 100%
2. To fully start subsidy and allow elites who already have a sealed relationship with DPR, NNPC,PPMC and NAVY to fully come back and continue to milk our slim economy.
3. To shield the cost completely from the populace and allow fractions of our crude oil profit earned by NNPC to also be used for the differential cost.

PMB only opted for the best on our interest. Let be appreciative of his humane effort.


Bros, this post of yours is a joke, particularly your first sentence. PMB doesn't want Nigerians to pay more for PMS....yet Nigerians presently pay N145.00 per litre compared to the N87.00 under the GEJ. Not reverting back to subsidy is another joke cos we all know that's totally untrue. What was its name then? Aah, "price modulation" according to Alhaji Liar Mohammed.

So in a nutshell, we now purchase PMS at a higher cost, and the nation still pays for fuel subsidy that a BALLOONED to TRILLIONS of Naira. Well-done folks.

#Jokers

3 Likes 1 Share

Re: Buhari Did Not Pay Subsidy - Get Your Fact Right! by enlady(f): 7:37am On Apr 07, 2018
I mentioned compassion in reference to its use by the OP. What are you calling me out for?
doctokwus:

We are talking of a man lacking the mental and intellectual capacity to govern and you are talking of him lacking compassion.
You are very funny.
Can you give what you don't even understand,talkless of having?
Re: Buhari Did Not Pay Subsidy - Get Your Fact Right! by saaron(m): 8:05am On Apr 07, 2018
Remoter:


Incase you are too busy to find the truth, here is the opening sentence made please read "Nigeria records about N1.4 trillion yearly as under-recovery from its importation and sale of Premium Motor Spirit at N145 per litre, Petroleum Resources Minister Ibe Kachikwu said yesterday."

The under-recovery came into being as a result of high landing cost which was due to increase in price of crude oil from international mkt which we are direct beneficiary and low selling price at #145.
You ended up shooting yourself on the foot. So now you know high international fuel price result in high landing cost? How is the differential cost of landing sorted out? Is it not through subsidy? Was this not the case in previous govt, yet they were able to sell fuel at 97/litre? Unlike this visionless govt that is presently selling above N145 despite sinking N1.4 trillion in background subsidy.
The higher the international oil price, the higher the landing cost, the higher the subsidy. QED!

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Re: Buhari Did Not Pay Subsidy - Get Your Fact Right! by GiantParrot(m): 8:29am On Apr 07, 2018
This OP is a troll grin grin grin. Subsidy by any other name is still subsidy. Call it under-recovery or trading loss or whatever you please, the government is still incurring some part of the true cost for every litre of petrol sold at N145. In other words, the government is subsidizing petrol.

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Re: Buhari Did Not Pay Subsidy - Get Your Fact Right! by rainylad(f): 8:34am On Apr 07, 2018
ÀPC zombie supporters clearly traded their brains for buhari's urine,thats why one of them in the personmof the op can shamelessly write this nonsense called 'facts'...useless people.

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