Subsidy removal has crashed daily figure of petrol consumption – APC Chieftain, Akanbi

The senator, who said this in a statement, said daily consumption of 69m litres suddenly dropped to 13m litres per day.

His words: “The subsidy removal is the only option and best decision for Nigeria’s survival. Mr President is on the right track. Indeed he is a courageous man who takes the bull by the horn. We must commend Mr President once again for the termination of swapping crude oil for refined products.

“NNPC Limited daily consumption figures collapsed drastically as the components parts of the old figures were, real domestic consumption, petrol smuggling across the borders to neighbouring countries and nonexistent petrol consumption figures that only existed because it was assigned to bogus subsidy claims.

“As a short-term solution, the fraud associated with oil subsidy has been exposed almost immediately with the removal of subsidy by Mr. President.

Our “previous” daily consumption of 69m litres suddenly dropped to 13m litres per day.

National and state government’s reduction of working days should be made mandatory where an hour increment may be on the days available for work. Also, a day may be taken off from the working school week, with an hour or two added to the school working days. Salary review with promised increments should be across board. Buoyant states can even go higher to cushion the effect. Aggressive and well-subsidized transportation by government will be helpful now. Open and liberalization of fuel importation by all is a welcome idea. Effective quality control monitoring and secured borders should be emphasised. This shall curb the excesses of a few bad eggs within the industry.

“With the liberalization of the oil industry, private refineries are coming on board, Dangote Refinery and modular refineries are examples. They must be encouraged by the government to promote competitiveness and disabuse the mind of citizens of anyone having a monopoly.


“Our debt reduction is a must now. The savings that will accrue should be made available for infrastructure development, education, health facilities advancement and power sector improvement which will boost various micro, small and medium-sized enterprises and industries. More job opportunities for all, along with the availability of funds to various sectors and Industries.

https://www.google.com/amp/s/www.vanguardngr.com/2023/06/subsidy-removal-has-crashed-daily-figure-of-petrol-consumption-apc-chieftain-akanbi/amp/

Why is NNPCL and other officials not willing to give us the current daily consumption of fuel?

[I doubt if this figure is correct

Lots of people can't afford the #500 per litre and we have the drop from smugglers.

Small small, breeze don dey blow chicken yansh.

N400bn saved in the first month of stop paying for subsidy on fuel which half of it won't make it back to the country.

400bn x 12 months .

Subsidy on fuel in Nigeria is gone for ever.

Bidema:
[I doubt if this figure is correct

Well! it is not impossible

helinues:
Small small, breeze don dey blow chicken yansh.

N400bn saved in the first month of paying for subsidy on fuel which half of it won't make it back to the country.

400bn x 12 months .

It will

Let's observe July federal allocation

I have not turned on my generator and one of my cars since this subsidy hardship. Why won't the consumption crash?
.

Biodun556:


It will

Let's observe July federal allocation

For the fact that some other subsidies have been removed, FG should at least save for the next 3 months before we start spending, by that time, FG should have been ready to reciprocate to whatever effects the subsidy removal would cause in Nigerians and economy.

Shikini:
I have not turned on my generator and one of my cars since this subsidy hardship. Why won't the consumption crash?
.

Pls fuel your car and generator so that our fuel companies won't go bankrupt

helinues:


For the fact that some other subsidies have been removed, FG should at least save for the next 3 months before we start spending, by that time, FG should have been ready to reciprocate to whatever effects the subsidy removal would cause in Nigerians and economy.

The state governors can't wait.
I strongly believe July federal allocation will double

Biodun556:


The state governors can't wait.
I strongly believe July federal allocation will double

The state governors better get to work and find a way of reducing their spendings and generate new income. No free money from FG again.

Expected nah. Abi??

Okay

What

Before nko
Before Tinubu entered, 10 litres is #2200, now it's #5200...
Not up to 100 days in office ooo...
Abeg allow us to breathe oo

Source??

Many car owners have parked their cars. Many residents no longer use their generators to power their homes, the rest that do have reduced the time their generator is on.

Petrol stations are complaining of reduction in sales.

Even the NNPCL or DPR does not have a comprehensive figure. This APC fella as usual is one of the chronic irredeemable pathological liars.

Biodun556:
Why is NNPCL and other officials not willing to give us the current daily consumption of fuel?

Good question! Answer? Subsidy corruption

Racoon:
Even the NNPCL or DPR does not have a comprehensive figure. This APC fella as usual is one of the chronic irredeemable pathological liars.

They have the figures what they give out everyday from their depot.

This is the numbers they have been quoting as consumption figures.

Now, we can know the real volume we consume. We can't be subsidizing other west African countries. Thanks to Jagaban. Hit like if you agree

Okkk. We are watching

BAT removed subsidy to recoup campaign money

It will crash more to the extent that they will hold emergency meeting. My gen is on silent mode for now .

Action President! Nigeria must be great again.

While is it that Mealy kyari is still incharge of NNPCL,with all these pieces of success story on the part of President

Nigerians don't consume above 30m ltrs at anytime in the past... how Nigerians started consuming 60 - 90mltrs with increased poverty, unemployment was another wonder of the world..