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Nairaland Forum / Nairaland / General / Politics / Atiku Supported Total Removal Of Subsidy (22172 Views)
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Re: Atiku Supported Total Removal Of Subsidy by solmusdesigns: 7:26am On Sep 04, 2020 |
Masculity: Sadly it's either Global Crude Oil price increase so that we can start earning more money from our crude oil and continue paying subsidy, or we all seat and wait till Edo modular refinery, Imo State, Delta State, Akwa Ibom State privately owned modular refinery starts opreation by 2021, Dangote refinery by 2022 to Carter for our domestic needs This are the options . 3 Likes |
Re: Atiku Supported Total Removal Of Subsidy by Ijaya123: 7:27am On Sep 04, 2020 |
Agbegbaorogboye: The reality is that fuel price is still cheap in Nigerian compared to other countries. Even if crude oil drops to below $30 per barrel, the landing cost of fuel is still higher than N100 per litre. You might need to get more familiar with the pricing template in that sector. 2 Likes 1 Share |
Re: Atiku Supported Total Removal Of Subsidy by Tajbol4splend(m): 7:28am On Sep 04, 2020 |
Subsidy removal is a scam Jonathan started to fill the politicians' pocket, the one General Mohammadu Buhari has also enjoyed, the one Atiku will jump into, who is fooling who? If you still think Atiku will come to power and fix this mess in our leadership system, you are on a long thing, the only solution to our problem is the unity among Nigerian people, let's wise up and stop giving support to tyranny by this people |
Re: Atiku Supported Total Removal Of Subsidy by Pergrace: 7:30am On Sep 04, 2020 |
Finally, you are now tired of supporting this government. post=93551064: 2 Likes |
Re: Atiku Supported Total Removal Of Subsidy by Agbegbaorogboye: 7:31am On Sep 04, 2020 |
kikero:You must think marketers are dangote who have billions in their accounts. Most filling stations are owned by IPMAN and licence to run one costs less than 10m naira. So I don't know where you got it from that they'll build refineries if subsidy is removed. That's some funny and ignorant shit. FYI, when marketers were doing the importing by themselves, they usually took loans from banks to back their imports. |
Re: Atiku Supported Total Removal Of Subsidy by cray91(m): 7:32am On Sep 04, 2020 |
word! post=93551064: 1 Like 1 Share |
Re: Atiku Supported Total Removal Of Subsidy by Deborah98(f): 7:34am On Sep 04, 2020 |
See all these talk is making me get weak, Buhari should hear what people are saying and stop expressing shock and concern upandan.... Remove fuel subsidy that's all we want. |
Re: Atiku Supported Total Removal Of Subsidy by Agbegbaorogboye: 7:35am On Sep 04, 2020 |
Ijaya123:That's because of corruption. During this covid-19 when crude was going for less than $30, petrol price in Nigeria was less than 100 naira. That's what the template showed at least. The landing cost is what shot it above 100 naira. Besides, nobody asked where we were getting fuel from when most of the developed world was close due to the pandemic such that we had cargoes on the high seas with no buyers. |
Re: Atiku Supported Total Removal Of Subsidy by Advocate500: 7:36am On Sep 04, 2020 |
solmusdesigns:oga has been finally removed? Is like u guy's are removing the subsidy every 3months? |
Re: Atiku Supported Total Removal Of Subsidy by jornwhite: 7:37am On Sep 04, 2020 |
solmusdesigns: Nigerian never learn and we forget things easily, on various occassion these administration had insisted there is no subsidy, only to make a U-turn whenever they have their is urge to milk nigerians. these is the most useless civilian govt ever, buhari 2nd term as made it a full time job to exploit nigerians in very way they can come up it, the big question is what as these useless govt given back to the masses asides compounding there hardship, the 1st time buhari increased fuel price they justified it with removal of subsidy, decieving us with textbook theories competition among marketers wil drive the price down, did it? Now they claim subsidy as been removed, buh i know for sure when they feel like making easy money again.... we will still hear subsidy again, with the calmness so far nigerian are indeed fools they don see us finish 1 Like |
Re: Atiku Supported Total Removal Of Subsidy by Agbegbaorogboye: 7:38am On Sep 04, 2020 |
solmusdesigns:Most modular refineries don't refine petrol. |
Re: Atiku Supported Total Removal Of Subsidy by maisauki: 7:39am On Sep 04, 2020 |
post=93551056:Na so I like epistle |
Re: Atiku Supported Total Removal Of Subsidy by crown08(m): 7:40am On Sep 04, 2020 |
Timekeeper:price |
Re: Atiku Supported Total Removal Of Subsidy by adesola89: 7:42am On Sep 04, 2020 |
abramelin11: When subsidy is removed, the implication is that price would be driven by forces of demand and supply just like some other goods we buy in the market. So the price may be 100 naira today and become 85 naira tomorrow depending on the reactionary forces in the crude oil market both locally and internationally. In fact, if there is total deregulation in the sector, the price of fuel in Lagos may be different from the price of fuel in Ebonyi and so on. |
Re: Atiku Supported Total Removal Of Subsidy by solmusdesigns: 7:43am On Sep 04, 2020 |
jornwhite: The future might look dark for the downstream sector for the common man, but honestly our days of unstable fuel prices, subsidy are coming to an end real soon within a year or two when all modular refineries been built and Dangote refeniries come on stream Filling station would now have the options of going to Edo modular refinery to buy it's petrol instead of waiting for criminal NNPC and its importers, someat decide to patronise Dangote refinery or the refinery in Imo state, Abia State, Delta State or Akwa Ibom. Making Oil Importers and NNPC useless on price control . 1 Like |
Re: Atiku Supported Total Removal Of Subsidy by tot(f): 7:44am On Sep 04, 2020 |
This OP is taking zombiesm to next level. Who cares about Atiku's views here? People are talking about the devastating impact this would have on the man on the street, this one is still playing politics. Don't worry, it will HIT you and yours as well. Mscheeew. |
Re: Atiku Supported Total Removal Of Subsidy by mightymine(m): 7:46am On Sep 04, 2020 |
He will support of course because of Heyden petroleum owned by him |
Re: Atiku Supported Total Removal Of Subsidy by Ijaya123: 7:47am On Sep 04, 2020 |
Agbegbaorogboye: The shutdown didn’t stop cargos from moving and delivering their products. It only affected passengers movements. |
Re: Atiku Supported Total Removal Of Subsidy by Yakubu113: 7:48am On Sep 04, 2020 |
whenever i hear subsidy it makes me angry because we are not even suppose to be importing fuel in the first place rather we should be exporting to other countries. Nigeria is the largest crude oil Producer in Africa but don't have any government functioning refinery rather we import refine product is just a matter of time before corruption finally kill this country. |
Re: Atiku Supported Total Removal Of Subsidy by Agbegbaorogboye: 7:50am On Sep 04, 2020 |
post=93551056: |
Re: Atiku Supported Total Removal Of Subsidy by DelphiOracle(m): 7:53am On Sep 04, 2020 |
prciouschika:spilled 1 Like |
Re: Atiku Supported Total Removal Of Subsidy by Agbegbaorogboye: 7:54am On Sep 04, 2020 |
Ijaya123:I already told you we had crude cargoes at high seas no one was willing to buy. So where were we getting fuel to buy from? Look, let me inform you. Most of the refineries we patronise are owned by Nigerians abroad. Now, do you know that crude oil swap which this administration claim to be doing involves using crude oil to buy a certain amount of fuel? If that is done, ask yourself why they now attach landing fees and other charges to fuel that was purchased with govt crude. That's where the corruption is. Forget all the big grammar they tell you!! |
Re: Atiku Supported Total Removal Of Subsidy by zoghys: 7:54am On Sep 04, 2020 |
izzou: Truth be told, the concept of subsidy on fuel is nothing but absolute senselessness and corruption. In an ideal situation the forces of demand and supply should regulate the market albeit the government sitting with the marketers to agree with a price ab intio to safeguard consumers interest and giving total power to the marketers, while the market regulates itself with more investors coming in and opening the market over time. Unfortunately all these concepts won't work in this clime because the same marketers are the same politicians who milk the country from their wealth tap tagged subsidy. This new development though the right step will only add intense hardship to the already weary condition of the masses. This is the sad tale of a rich state. |
Re: Atiku Supported Total Removal Of Subsidy by WiszyFraud: 7:54am On Sep 04, 2020 |
1 Like |
Re: Atiku Supported Total Removal Of Subsidy by bigfish3k: 8:04am On Sep 04, 2020 |
jornwhite:You are very right. I remember all these when they were busy doing all kinds of analysis of how competition will force down price after they increased it to N145 when they earlier claimed that they have removed subsidy. This is the third time that they are removing subsidy in this administration. This is not the end. More subsidy removals are on the way This government is using juju on Nigerians I have never seen such docile, ignorant and very quick to forget people. 1 Like |
Re: Atiku Supported Total Removal Of Subsidy by jornwhite: 8:04am On Sep 04, 2020 |
kikero: You sounded just like them (govt) is their something you're saying we av not heard before was these not the exact statement they used to justify an increment to #145, despite world slash of crude oil, @$30 per barrel where nigerians given a break. So far all the policies these govt have been bombarding the masses with till date justify these govt just want an easy money, in as much as it obvious they lack ideas & willingness to provide infrastructures that will generate revenue ... they just opt for the easy way out ..tax dem more. nigerians are yet to balance from the hardship lockdown augmented and the only thing govt could think of his fuel increment, should we neglect the effect it will have on cost of production- goods/service - down to cost of living. We've had VAT increment, now electricity & fuel hike buh salary remains constant & naira keeps losing value, sadly these people are not even finished with us yet. |
Re: Atiku Supported Total Removal Of Subsidy by Nobody: 8:07am On Sep 04, 2020 |
All the zombies surporting this evil and most corrupt regiem of muhaMAD buruhari, including their chieftains. the likes of amechi , Tinubu and oshiumuHOLE will never go unpunished |
Re: Atiku Supported Total Removal Of Subsidy by Timekeeper: 8:08am On Sep 04, 2020 |
crown08: 73k |
Re: Atiku Supported Total Removal Of Subsidy by obailala(m): 8:12am On Sep 04, 2020 |
timid101: abramelin11: SouthWestBlood: QuickStandard:Quite amazing how so many people, even in 2020, still have absolutely no clue what the term 'subsidy' really means. Subsidy is no longer being paid but you guys expect pump price of fuel to remain the same despite increasing global crude prices and rising importation costs? I guess Nigerian FG is the one that 'hiked' the cost of crude. 1 Like |
Re: Atiku Supported Total Removal Of Subsidy by jornwhite: 8:23am On Sep 04, 2020 |
bigfish3k: That exactly is what is bothering me now, these people tell us the same story all the time, justifying it with quack theories, but people fall for it all the time, they just use popular theories to capture the elites, once that is done the illiterate depends on elites for interpretation, just because we can relate with those theories we fool the masses unknown to us the govt are using us. I strongly believe common sense will fix nigeria better than any economics theory. |
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