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Politics / Tinubu Government Did Not Lie About Fuel Subsidies - Bayo Onanuga by sirklin(m): 10:26pm On Sep 03 |
I have read a series of articles attacking the Federal Government for not telling the truth about fuel subsidy payments, following NNPC Limited's admittance it was owing suppliers some $6 billion. Some of the stories have been written with relish, as the authors believed they have uncovered some scoops. The truth is that there is no discovery. No lie uncovered. The government has been faithful to its policy that it was no longer going to pay fuel subsidies since President Tinubu announced the deregulation of the PMS sector on 29 May 2023. Since then, subsidy provisions have disappeared from the budget. It was not in the Supplementary budget of 2023, not in the 2024 budget and the amended 2024 budget. So the giddy headlines about the so-called unraveling of the Tinubu government’s subsidy payment; and return of subsidy were not justifiable. Rather what has unravelled was the commendable disposition of the oil company owned by all the tiers of government to absorb the rising costs of petrol at the pump and protect the Nigerian consumer. That generous disposition by NNPC Limited, backed by a compassionate president unwilling to let the people suffer, has been under threat for months, because of the rising cost of crude and the devalued Naira. The NNPC cried out recently because it can no longer sustain the price differential on its balance sheet without becoming insolvent. The situation has greater implications for the ability of the three tiers of government to function as the NNPC has failed to pay into the Federation Account, the money that should go to the government. There are no easy choices. Something must be done to make NNPC survive, keep the engines of government running and petrol flowing at the pumps. That is the scenario that is unfolding and the game changer and big relief giver may well be the Dangote refinery and other local refineries which will become the fuel suppliers to the local market. When Dangote Refinery and other refineries, including government owned Port Harcourt Refinery, come fully on stream, our country and economy will benefit on all fronts. There will be many good paying jobs that will be created along the value-chain. There will also be a drop in the huge demand for foreign exchange to import petroleum products. |
Politics / Re: Protesters Carry Mock Coffin Of Tinubu On Keke Napep by sirklin(m): 8:54pm On Aug 02 |
saddler: |
Politics / Re: Senate Enabling Executive Recklessness With Ndume’s Removal As Chief Whip- Atiku by sirklin(m): 6:47am On Jul 19 |
Removing him as chief whip we understand. Asking him to leave the party is APC playing God 2 Likes |
Nairaland / General / Re: Grow your Business and Career - Attend the Kings Business And Career Expo 4.0 by sirklin(m): 3:45pm On May 28 |
If you don't value the little you have attend. They will wow you with wonderful speeches without a tangible biz idea. Mark Nsukkabread is a drop out. If he can achieve it, you too can. 3 Likes |
Politics / Re: Okuama: Police, Not Army Should Probe, Try Suspects — SANs, Retired Judges by sirklin(m): 8:18am On Apr 03 |
A lot of things are not meant to be in this country but our country is a hopeless one. The military is meant to collaborate with the police whose job is an internal affair but who is to speak out? 2 Likes |
Sports / Enyimba FC Of Aba Sign A 2-Year Sponsorship Deal With United Nigeria Airlines by sirklin(m): 8:05pm On Dec 08, 2023 |
Enyimba FC of Aba sign a 2-year sponsorship deal with United Nigeria Airlines. The Official signing of the dotted lines took place at the Corporate Office of United Nigeria Airlines at Plot C2A Garden Avenue GRA, Enugu , Enugu State. 20 Likes 1 Share
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Crime / Re: Missing Elizabeth Edoukumor: Bolt Driver Surrenders To Rivers Police by sirklin(m): 3:46pm On Oct 28, 2023 |
Jennyclay: Torture not interrogate. May they torture all your family members 17 Likes 1 Share |
Politics / Re: IG Orders Establishment Of Complaint Response Units Nationwide by sirklin(m): 8:35pm On Aug 18, 2023 |
Police wey go ask for money to buy fuel⛽ before they will go for an arrest. Na them go respond based on your phone call. 2 Likes |
Sports / Re: Neymar Gave Credit To Ronaldo For The Massive Growth In The Saudi Pro league by sirklin(m): 9:39am On Aug 17, 2023 |
People say it is about the money, ask them if those in Europe are paid with trade by barter. 89 Likes 4 Shares |
Romance / Re: Any Man Who Asks You 'what Can You Bring To The Table?' Does Not .......... by sirklin(m): 11:00am On Aug 04, 2023 |
Politics / Re: PEPT: APC, Tinubu’s Agents Threatening, Intimidating Judiciary - Atiku by sirklin(m): 5:58pm On Jul 22, 2023 |
Anything against Tinubu is right |
Education / Re: Photo: Proof That Unity School Tuition Fee Increase News Is Fake News by sirklin(m): 5:55pm On Jul 22, 2023 |
Suffering and defending. 1 Like |
Politics / Re: Fuel Price Hike: Lagos Workers Adopt Shift Operations; Residents Lament Plights by sirklin(m): 5:54pm On Jul 22, 2023 |
Travel / Re: Int’l Travels: Airfares Hit Rooftop In Nigeria As Ghanaians, Others Pay Less by sirklin(m): 2:04pm On Jul 22, 2023 |
Our government and politicians know that Nigerians have short term memories. If we don't, what in the name of Bulabah will someone consider APC after years of untold hardship on the country? Even if they promised you heaven on earth, they should be done away with. We rather have a cow are president than anything they have to offer More truths will be reveals on the economic state of the country but we will still have those who will want to defend this ineptitude 49 Likes 2 Shares |
Politics / Re: Innoson Thanks Alex Otti For Using IVM For Abia Inauguration Parade by sirklin(m): 11:41am On May 30, 2023 |
RacistProudIgbo: Yeah. Add Abia to make a bit of sense 2 Likes |
Politics / Re: Innoson Thanks Alex Otti For Using IVM For Abia Inauguration Parade by sirklin(m): 11:34am On May 30, 2023 |
kettykings: You aren't done with fuel cars na electric you dey think. How many you dey drive now? 22 Likes 3 Shares |
Politics / Re: Innoson Thanks Alex Otti For Using IVM For Abia Inauguration Parade by sirklin(m): 11:33am On May 30, 2023 |
Dangote refinery was celebrated like it was next big thing after garri. Dignitaries graced the occasion. Buhari removed subsidy to make sure his refinery thrive. Innoson has been producing cars. Call it assembled cars but it was done in Nigeria. FG that championed made in Nigeria has never patronised Innoson because he is from a particular tribe they don't wish to grow. 313 Likes 26 Shares |
Politics / Re: Governor Uba Sani Renames Major Road After El-Rufai by sirklin(m): 9:35pm On May 29, 2023 |
What's with Nigerian politicians and naming ceremony 2 Likes |
Politics / Re: 10th NASS: MURIC Backs Christian Senate Presidency by sirklin(m): 10:14am On May 18, 2023 |
NtoAkwaIbom: I hope you make more money when he ends up there. Oh! I forget, you will still pay for your data yourself |
Politics / I Love My People, But Nigeria Is Very Corrupt – Israel Adesanya by sirklin(m): 3:28pm On Apr 12, 2023 |
Nigeria-born UFC fighter, Israel Adesanya has expressed his love for his fellow Nigerians. The mixed martial artist, however, noted that the country is a ‘very corrupt place’. The ‘stylebender’ said this while speaking on a Hotboxin podcast. Adesanya added that government and some of its people are always looking for ways to siphon money from the country’s coffers and swindle others of their money. He said, “There is a lot of red tape in Nigeria. Nigeria is a very corrupt place. I love my people, but it is just that the government, everyone is finding ways to siphon money.” The 33-year-old on Sunday knocked out old rival Alex Pereira to reclaim the middleweight crown at UFC 287 in Miami. https://www.vanguardngr.com/2023/04/i-love-my-people-but-nigeria-is-a-very-corrupt-place-israel-adesanya/ 1 Like 1 Share |
Crime / Re: Adefemi Egbeoluwa & Wife, Oluwafunmilayo, Murdered In Their Lagos Home by sirklin(m): 1:42pm On Mar 22, 2023 |
It is quite unfortunate that they will thread blames instead of sympathise with the dead. |
Crime / Re: Adefemi Egbeoluwa & Wife, Oluwafunmilayo, Murdered In Their Lagos Home by sirklin(m): 1:41pm On Mar 22, 2023 |
BlakKluKluxKlan: You and sense are two parallel lines. They can never meet. 47 Likes 3 Shares |
Travel / Re: How Much Is Flight From Abuja To Enugu? by sirklin(m): 12:52pm On Mar 17, 2023 |
United Nigeria Airlines is 50k |
Politics / Re: INEC Must Sanction Peter Obi For Campaigning In Churches - Reno Omokri by sirklin(m): 12:06pm On Mar 16, 2023 |
Politics / Re: INEC Must Sanction Peter Obi For Campaigning In Churches - Reno Omokri by sirklin(m): 12:04pm On Mar 16, 2023 |
Moh247: I don't want to say you are stewpid. But you aren't far from it. 1 Like |
Politics / Re: Six States Ask Supreme Court to Declare Tinubu’s Victory Null and Void by sirklin(m): 8:49am On Mar 03, 2023 |
Wagwanbrethren: I pray his administration favours you. If not, your tears will flow longer than others. |
Politics / Re: It Is Time Igbos Prioritize Biafra Over Nigeria. by sirklin(m): 12:37pm On Feb 28, 2023 |
Philgafauto: How would you know when you haven't tried. If the 5 Eastern states gave Obi a million votes each, don't you think his chances will be high? |
Politics / We Hope For A Better Nigeria by sirklin(m): 12:00pm On Feb 28, 2023 |
Football banter and taunts has eaten deep into the fabrics of our sensibility making us assume every opportunity is for banter and taunts. All we pray for, all the struggle is to see a better Nigeria which we will be proud of. Buhari's 8 years have not been favorable to us all whether you voted him or not. Millions have died during the administration. Some business crumbled. Most workers laid off. Regardless of who won the election, through rigging or whatever let's unitedly hold them accountable. They have made countless promises. Let's hold them to fulfil it. If we continue to taunt each other because their preferred candidate didn't win, our politicians will continue to rob us blind. Most who voted Buhari didn't make any progress in their lives whereas some of those who didn't smiled to the banks. |
Politics / Re: It Is Time Igbos Prioritize Biafra Over Nigeria. by sirklin(m): 11:51am On Feb 28, 2023 |
It has always been our mistake. Thinking we need Biafra after we lost an election only to come back after 4 years to lose again. Igbos should work on strengthening our voting power. We can have our own in power with 400k votes. There should be massive sensitization for every Igbo above the age of 18 to get a PVC no matter where you reside. 2 Likes 1 Share |
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