₦airaland Forum

Scam Govt

Worst propaganda machine on earth is APC

In my dictionary
Integrity= Cheat, criminal, nepotism , dull and dumb

Osinbanjo will give u another picture to this information, u begin to ask ourself is this man not a pastor again or what is going to his members after this 8years of deceit.

Buhari, minister of petrol. What's up?

Nbote:
Subsidy deductions for 2017 107billion...
Subsidy deductions for 2018 alone 731 billion
Mr Integrity at work..

I know you are one of those who look out for negative news like this one. Here you have it. It gladdens your heart. You don't care about truth. It boosts your confidence of 'tagging Mr. Integrity'.

SMH for Nigerians

Urchman200:
Osinbanjo will give u another picture to this information, u begin to ask ourself is this man not a pastor again or what is going to his members after this 8years of deceit.

Which pastor? That demonic lying short evil is a pastor? Pastor from pit of hell.

Who's our minister of petroleum again? The unhappy one? A man that claims he's incorruptible. Clown.

Nbote:
Subsidy deductions for 2017 107billion...
Subsidy deductions for 2018 alone 731 billion
Mr Integrity at work..

Only a fool , like a really daft person would continue to buy the myth that Buhari has any integrity.
He doesn't , and has never had any personal integrity.

Nigeria is messed up already. By the time this government is kicked out, Nigerians will realise that Jonathan regime was made of angels. Thieves shouting integrity.

Mr. integrity aka I dey slow but I no dey loot

That money is enough to build 6 world class refinery that can supply Nigeria and two additional Africa countries. Buhari has killed us

No doubt Buharis Govt needs to be probed. Alot of things/figures don’t add up.

All the leaders since 1999 till date are corrupt, Buhari inclusive!

Once again I cannot hold back my anger at what this criminal policy of fuel subsidy is all about. I cannot for the life of me understand how the ordinary citizen has been conned by the recklessly corrupt establishment to continue this robbery.

Can you imagine how the so called subsidy payments have escalated to over 700 billion in the year under review due primarily to smuggling. At a time when the government is borrowing willy nilly to float the budget and considering raising VAT and seeking to craft other taxes. Folks, what means is that the government is effecribely borrowing money and handing it over to smugglers.

Now, what happened to smugglers in 2017, where were they only to arise massively in 2018. I will tell you. The NNPC is what happened. As usual the cartels within that criminal organzarion are directly responsible for smuggling. They know the what, when and where of these products being the sole importers. The secrecy this present government has accorded the subsidy regime will only lead to massive losses to the Nigerian treasury and deepening poverty to the average citizen.

Citizens should understand and consider this. To condone the continuation of this subsidy regime in its present form is like a country paying social security without a knowledge of its population demographics or the documentation of its citizens. It will lead to massive corruption, gouging of the system and terrible losses.

Nigerians should realise that on balance petroleum subsidies are making Nigerians poorer and a few corrupt government officials rich.

sammyj:
This is the handy work of Atiku foreign lobbyists since this report is coming from a foreign bank

Those blaming buhari for anything are mad. Buhari doesn't know his left from right except when reading Arabic writings.

Atiku knew if if we don't unbundle nnpc, sooner or later, it will kill Nigeria but you people went to town quoting dude out of context to decieve your teeming dull supporters. Yeyenatus.

Which way forward, we cant continue like this...

nymphomaniac:
If the report is true and a precise version of what is actually happening, then this is a classic case of robbing Peter to pay Paul. Let's see how long it lasts.

How long it lasts? It's a vicious cycle.

Where are the refineries that buhari promised?

Didn't he say he didn't know what subsidy was?

Didn't he say he increased pump rice to eliminate subsidy? Only for Nass to expose them. That's what they mean when they say saraki was impeding the country's progress. He refused to rubber stamp everything brought to his table.

His henchmen are either cooking up figures to cover their loot or they are diverting the actual products to the black market still for their own interests.

Festus Keyamo (Stephanie Otobo) seems to be losing his voice or is he taking a nab after successful "presidential and gubernatorial elections"

Arysexy:
Buhari is pyting kwarofshan

How can he fight himself?

three:
.


The reason Nigerians are being roundly deceived by this government is the millions of naira spent on online and traditional media.

This subsidy under recovery farce is not news, they have paid handsomely to handle public relations and messaging.


FRAUDS

STEALING WITH INTEGRITY since 1976


.

Exactly. They have invested so much in media propaganda. That's one thing tinubu mastered well and taught them.

olas24u:
Seems world Bank is cooking some new poverty forever policies ,they keep involving themselves yet the people have never smelt prosperity,with all their recommended policies.

Recommended policies is one thing while intelligently and religiously implementing it is another. They give you a wife but you do the fvcking yourself.

How much does it cost to build a new refinery? How much does it cost to carry out TAM?

Omooba77:
Oil sector productivity declined despite healthy prices

Chineme Okafor in Abuja

A World Bank report called the “Nigeria Biannual Economic Update” for 2018, which was released on Monday and obtained by THISDAY yesterday in Abuja disclosed that Nigeria spent N731 billion to subsidise petrol consumption in the year under review.

The report, which is a product of the staff of the World Bank and tells of key developments in Nigeria’s economy in the recent past, summarises the staff’s assessment of likely economic outcomes in the short-to-medium term, given the policy developments; as well as highlights key short-term risks in the country

It explained that within the year under consideration, Nigeria’s oil sector declined in its productivity, ending on 1.9 million barrels a day (mbd) production mark as against the government’s hope of 2.3mbd.
Additionally, it stated that the Excess Crude Account (ECA), which provides the country some fiscal buffer, was virtually depleted even though prices of Nigeria’s Bonny Light blend was averagely $21 per barrel more than the oil price that was or budgeted for in the year.

The World Bank had in November 2018 stated in another report titled: ‘Nigeria Bi-annual Economic Update for Fall 2018,’ that petrol subsidy deductions for 2017 full year was N107.3 billion, but its current report showed that N731 billion was spent in 2018 alone.

According to it, most of the petrol volumes Nigeria spent money to subsidise in 2018 were inflated as daily consumption rose to 54 million litres per day (ml/d) from 40ml/d in 2017, ostensibly due partly to out-smuggling.
“Oil and gas revenue collection increased in 2018 but remained below potential. Net oil and gas revenues retained in the federation account grew by 73 per cent in nominal terms: as oil production remained stable, the increase has been driven by the oil price.

https://www.thisdaylive.com/index.php/2019/04/10/fg-spent-n731-billion-to-subsidise-inflated-petrol-imports-says-wbank/?amp

Buhari robbing Nigeria blind since 1985

Ozinback:
In my dictionary
Integrity= Cheat, criminal, nepotism , dull and dumb

I thank God I never for once believed in buhari's so called intergrity. I lived with those that worked with him in PTF, the report was bad.

Gandollaar:
Recommended policies is one thing while intelligently and religiously implementing it is another. They give you a wife but you do the fvcking yourself.

The policies are meant to make you sink and not prosper.till today we suffer the effects of SAP/ibb/kalu/.

Koolking:
I know you are one of those who look out for negative news like this one. Here you have it. It gladdens your heart. You don't care about truth. It boosts your confidence of 'tagging Mr. Integrity'.

SMH for Nigerians

Just shut up Oga. I'm a bit pissed

Everyday,bad news about Nigeria.

Am really sick and tired of this BS.

olas24u:
The policies are meant to make you sink and not prosper.till today we suffer the effects of SAP/ibb/kalu/.

Have you compared performance and implementation indices?

Gandollaar:
Have you compared performance and implementation indices?

The political structure is faulty,the economic structure is faulty.the structure needs to be reorganized to make policies have an impact to affect people socially and economically..They know the policies will fail .