₦airaland Forum

theoldpretender:
I don't know why you Nigerians keep on allwing yourselves to be decieved.

Yes, the government claimed subsidy was removed....except that they were STILL setting the prices.

If subsidy had been removed, the price setting would not have been in the hands of government....it would have been in the hands of the independent marketers.....meaning fuel would have been costing N200 per liter and above by now.

The thing is, the reason why APC is still payign subsidy, and why Atiku will still pay subsidy, and keep on paying it...is because Nigerians don't want high fuel prices. They would rather keep the subsidy corruption monster alive in return for low oil prices.

Some of you people even want Bubu to make it N87 per liter again.

So stop screaming about corruption....because you Nigerians dont want the solution. You want cheap fuel....so keep on paying for cheap fuel.

APC and PDP are just lying to us...and we are buying it because we hate the bitter truth. We need to deregulate...and we should have done so since 1992!

LordAdam:
SHATAP!

Did this incoming government not lead people to believe that removing subsidy would make fuel cheap? Buhari is on quote for saying he doesn't believe in subsidy. Momoh is on record for saying the APC government will make fuel N40. Or should I go source for the asinine calculations done on social media in 2015?

Even after they came in and increased the rate from N85 to N145, they told Nigerians subsidy was gone for good. They were even giving figures of how they were saving billions monthly. Now, they've realized subsidy is relevant.

Why deceive people and play f**lish politics if you know subsidy cannot be removed. Just so you could enter power then start sitting on an unconstitutional practice where only 3 people know the whereabouts of $3.8b.

Corrupt hypocrite.

-Lord

LordAdam:
modath, Keyamo et al will soon come and tell us that it is not subsidy, it is recovery. After claiming in 2015 that there is nothing like subsidy and cost of fuel should be N40.

That's how only two people (plus Mr Integrity) are sitting on top of 1.4 trillion naira annual expenditure with zero transparency. Money that isn't even inside the N8 trillion budget. If they are not stealing money, why are they covering it?

When Atiku wins, Baru will go on exile. Corrupt hypocrites.

-Lord

LordAdam:
modath, Keyamo et al will soon come and tell us that it is not subsidy, it is recovery. After claiming in 2015 that there is nothing like subsidy and cost of fuel should be N40.

That's how only two people (plus Mr Integrity) are sitting on top of 1.4 trillion naira annual expenditure with zero transparency. Money that isn't even inside the N8 trillion budget. If they are not stealing money, why are they covering it?

When Atiku wins, Baru will go on exile. Corrupt hypocrites.

-Lord

theoldpretender:
You think I am defending the government, when I aint.

I merely state the case for the removal of subsidy.

You don't want the subsidy removed...you want PDP in power. Good. I ain't into your PDP or APC things.

I repeat myself....subsidy must go, fuel cannot be at N40 per liter....and you really don';t want subsidy to go. That's all right.

At least, I am honest. I beleive subsidy must go...and Ive told you so.

Back to your PDP vs APC fight...and for your info....I despise corruption. So why call me corrupt when I say we have to remoive thje source?

P.S .....I am annoyed because you rightly critique the subsidy scam, but then go on about higher prices...that is what annoyed me. You cannot have an end to the subsidy scam sans ....and be demanding for low oil prices.

theoldpretender:
You think I am defending the government, when I aint.

I merely state the case for the removal of subsidy.

You don't want the subsidy removed...you want PDP in power. Good. I ain't into your PDP or APC things.

I repeat myself....subsidy must go, fuel cannot be at N40 per liter....and you really don';t want subsidy to go. That's all right.

At least, I am honest. I beleive subsidy must go...and Ive told you so.

Back to your PDP vs APC fight...and for your info....I despise corruption. So why call me corrupt when I say we have to remoive thje source?

P.S .....I am annoyed because you rightly critique the subsidy scam, but then go on about higher prices...that is what annoyed me. You cannot have an end to the subsidy scam sans ....and be demanding for low oil prices.

ivandragon:
you have made your points & I don't think they are really in dispute.


the issue is the deception & lies by the present administration about the issue. as far back as 2002, I told people that the FG needs to deregulate the downstream oil sector to encourage building of refineries as government cannot manage them.


of course, between then & now, nothing much has changed, but the issue is that PMB gave the impression that subsidy was a fraud & no subsidy was being paid on refined petroleum products & that is what people are angry about because as at 2012 when the economy was still on an upward swing, Nigeria would have been able to absorb the shock of the increase.


so, it's the deception of the matter that irks people not the economic sense/realities you have rightly put forward.

theoldpretender:
Yes, it isn't because APC does not want to lose power.

When GEJ increased fuel price from N65 to N140 and then to N97...some people used that as their reason for voting himout.

The truth is, NO NIGERIAN GOVERNMENT WANTS TO REMOVE FUEL SUBSIDY COMPLETELY.

They would do partial removal, hope for things to get better....until the economy makes the new price limit unrelaitic.

Whereas if Bubu was remoiving subsidy completely.....it won't be NNPC controlling prices...it would be the marketers. And since most of the fuel we use in this country is imported (and even if it was not, the way we are going...most refining capacity in this country is going to be private)....prices will go up to N200 and above.

Meaning...what happened in 2012 would be child's play.There would be revolution....and they know it.

I've seen this game played several times since millitary rule...and even during civilian rule.

Better to keep subsidy , with all the attendant corruption in place...and with the way it shortchanges marketers and promotes massive job loss....than deregulation and possible revolution.

But the truth is, if I was head of state...I would deregulate...and watch as foreign investment flows in, and jobs are created...because that means that marketers would be making a profit. Problem is...benefits take time to manifest...and Nigerians aint patient.

front4line:
Why not wait for the report to come out before you Igbo start exhibiting the disdain bigotry n hate your forefathers are well renowned for.

You mean he should have left those Jonathan we’re paying billions to bring empty vessels ba ?
I mean are you Igbos cursed or what ?
One must have ask because I do not just understand.

Lordave:
You useless man, you think everyone who doesn’t worship your lifeless dog of a president is Igbo abi?

You’d be surprise your forefathers would resurrect on that day and vote for Atiku, billy goat.

LordAdam:
No leave him to continue spewing hot bukum simply because it was a PDP person who called the government out. All this closet APC members who'd vote for Buhari offline then come online and claim to be sanctimonious.

That's the major issue we have in Nigeria. No one wants to face the tough questions, everyone just wants to play propaganda with critical issues for personal gain.

OBJ sold the refineries. Yar'Adua revised the sale. GEJ wanted to sell them, but after the blow back from power privatization and subsidy removal, he decided to halt that plan. It was this same demonic government that claimed to be able to fix the refineries. Between 2007 and today (2018), 11 years, those refineries have consistently underperformed while at least $100m have been pumped into them annually to fix them.

This government has not plugged any hole of sleaze of their own making. Ghost workers eradication started under PDP, TSA and BVN implementation started under PDP, fertilizer scam eradication started under PDP.

Yet the ones successive PDP governments were unable to close from the refineries to ajaokuta steel to subsidy, they came in doubled down and also did their own looting; while pretending they're fighting corruption. They even thought up new ones like the 419 Nigeria Air, and the social security programs where they spend N500 billion annually with no regulatory oversight.

Yar'Adua admitted the election that brought him was not free and fair. GEJ admitted he didn't perform well in security. It is only this government that claims to be perfect, nothing is ever their fault. Someone must be blamed. Then they'd tell us Buhari has integrity. Is it Yar'Adua who spent 8 years as governor and had less than N1b in total assets that lacked integrity? Or GEJ who doesn't own a home abroad, whose kids went to school in Nigeria despite being deputy governor, then governor of oil-rich Bayelsa, then VP, then President that doesn't have integrity?

I find it insulting for anyone to compare PDP to APC. APC is miles worse because they steal, are ineffectual, then pretend they are without any faults (saints) and the people accusing them are to blame for their negative performance.

-Lord