The Senator representing Osun East Senatorial District in the National Assembly, Babajide Omoworare has declared that senators elected on the platform of the Action Congress of Nigeria, ACN, will continue to fight against the move by President Goodluck Jonathan to remove oil subsidy.

Also, Senator Babafemi Ojudu yesterday called on the Nigerian workers and the Civil Society groups in the country to resist the proposed fuel subsidy removal by the federal government.

Omoworare who is the Vice Chairman of the Senate Committee on Federal Character said the decision of the ACN senators was born out of their determination to be on the side of the masses and also ensure welfarist policies and programmes by federal government.

Delivering a lecture entitled “Checks and Balances: Nigeria in Search of Credible and Sustainable Election” to mark the 2011 pen week of the Nigeria Union of Journalists, NUJ, Osun State Broadcasting Corporation, OSBC, chapel in Osogbo, Senator Omoworare stressed the need for all Nigerians to stand against the move to remove oil subsidy, saying time is not ripe for such development in Nigeria.

Senator Ojudu who represents Ekiti Central, Ekiti State in the National Assembly, made his comment while delivering a lecture entitled ‘Fuel Subsidy Removal: A Challenge to a Nation’ at this year Press Week of the state NUJ.

According to him “”my opposition to the removal of oil subsidy is because it is a catalyst for sustained economic inequality.

Ojudu declared that the removal “ is a blow against conscienceless, irresponsible ruling class. It is for me an obligation to lobby my colleagues to vote against it.
http://www.vanguardngr.com/2011/12/acn-senators-to-oppose-oil-subsidy-removal-2/

Well done ACN

We are strongly behind you, carry go !!!!

Hmmmm!
Awon "Animal Farm"!
For the 'masses' indeed!

Since when did 'Ooduwa' start fighting for the 'masses'?
Abi na 'Oando' dem dey fight for?

Kerosene currently sells for N145/150 in lagos, N120 in Delta,
Has the subsidy been removed already?

Is A-CN criticising for the sake of just criticising, how do you reconcile the A-CN Governors stance and position within the confines of the ‘ NEC’ with that of their subjects or colleagues in the house of assembly. We all know the Governors hold all the aces especially if the House men are from the Governor’s party, why this double-speak now!!!

Tribalist!

Funny lot! Their governors were the first to call for removal of the subsidy, so lets kindly call them hypocrites.

Good move.

Beaf:

Funny lot! Their governors were the first to call for removal of the subsidy, so lets kindly call them hypocrites.

Watch out everybody:

BEAF IS ON HIS PERIOD. AS HE IS ON THE RAG, HE WILL LASH OUT AT EVERYBODY IN AN IRRATIONAL MANNER.

It is likely he will be sharing the rag with some co-travellers so expect them to join this thread soon!

^
Haters gon' hate.

@topic.

[size=14pt]Governors Urge FG to remove fuel subsidy[/size]

A major showdown is imminent over the N18,000 minimum wage.

Governors have asked the Federal Government to immediately remove subsidy on petroleum products and haul the proceeds into the Federation Account to be shared. This, in their view, will give the states more cash to pay the least paid worker N18,000.

But labour seems to be opposing the removal of subsidy as a pre-condition for the implementation of the law on the payment of the minimum wage.

The governors took the decision to press for the removal of subsidy on petrol products, which the government says costs billions monthly at the Nigeria Governors’ Forum (NGF) meeting on Tuesday night in Abuja.

Besides removal of subsidy, the governors insist on the need to review the revenue allocation formula, which is lopsided in favour of the Federal Government.

It takes 52 per cent. The 36 states share 26.72 per cent and the 774 local governments take 20.60 per cent.

The Lagos State Governor Babatunde Fashola Committee raised by the governors has recommended a review of the revenue allocation as follows: Federal Government (35 per cent), States (42 per cent) and local governments (23 per cent). The report has been approved by the Forum.

The implementation of that report topped the agenda of the governors’ delegation’s meeting with President Goodluck Jonathan yesterday at the Aso Villa in Abuja.

The governors’ delegation was led by Rivers State Governor Rotimi Amaechi, who is also the chairman of the Forum. Other members of the seven-man team are Governors Fashola (Lagos), Tanko Makura (Nasarawa), Murtala Nyako (Adamawa), Sullivan Chime (Enugu), Adams Oshiomhole (Edo) and Patrick Yakowa (Kaduna).

http://ekoakete.com/2011/06/23/governors-urge-fg-to-remove-fuel-subsidy/

JamesDoe:

Watch out everybody:

BEAF IS ON HIS PERIOD. AS HE IS ON THE RAG, HE WILL LASH OUT AT EVERYBODY IN AN IRRATIONAL MANNER.

It is likely he will be sharing the rag with some co-travellers so expect them to join this thread soon!

Is that what it is ? No wonder he appears more frustrated than usual.

@topic.

I would expect sense to prevail but it seems most Politicians have opted to support the cowardice of GEJ. It has been proven , beyond doubt , that only 3  marketers existed not too long ago. Now there are many scores- all put in place by political opportunism under PDP Presidents . The best option is for GEJ to sanitise the system so that genuine marketers who were recieving far less than the N1.3 trillion paid recently over eleven months as subsidy can continue to deliver a sensible level of subsidized fuel to Nigerians.

This arrangement should be short term and pending till the feul sector is deregulated and refineries are working optimally. Instead this anti-people President chose to make Nigerians bear the burden of his cowardice and inability to embrace a reforming atitude instead of a gradualist and defeatist one. Let us remember that this man's first action in office was to capitulate to the AGIP via announcing that "leaner Government not possible". With fuel subsidy removal, he would rather punish Nigerians than tackle the scammers and their corrupt actions, in full collusion with the NNPC, that have made the cost of subsidy skyrocket to the level of a sick joke. All this just because we have a President who does not believe in confronting or punishing those holding the Nation back.

I just don't understand why all the fans of GEJ are playing Ostrich at their man's style of dancing around reformist confrontation. Even in very advanced democracies, we see leaders having to be tough in protecting the interest of the majority. Instead, for a very troubled nation like Nigeria, we have gained a President who is doing everything possible to keep the AGIPs comfortable while he pummels ordinary Nigerians mercilessly. What a joke.

Nigerians should begin shunning ethnic, religious and Party sentiments to see what must be seen in the interest of what is best for our Nation and generations unborn. As sensible folks have surmised, GEJ should tackle what is stolen in the name of subsidy and leave the beneficial aspects of subsidy in place . From what the likes of El-Rufai reveals below, probably around 99% of what was claimed to be subsidy recently (N1.3 trillion over 11 months) is "stolen money" considering that less than N1 billion ( ) was spent on subsidy in 2007 !!!! Abeg, would the right President not take the scammers on instead of deciding that everyone , especially overburdened Nigerians, must suffer when it is probably 1% of what is claimed as subsidy that Nigerians enjoy? Does it not make sense that the all-powerful President take on and defeat the scammers so Nigerians are not made to suffer for the corruption the ruling Party is a willing partner in?

http://dailytrust.com.ng/index.php?option=com_content&view=article&id=149926:buhari-to-jonathan-leave-subsidy-tackle-graft&catid=2:lead-stories&Itemid=8

Buhari to Jonathan: Leave subsidy, tackle graft


Written by Abbas Jimoh Wednesday, 14 December 2011 05:00
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[Former Head of State Muhammadu Buhari]
Former head of state retired General Muhammadu Buhari yesterday urged President Jonathan to focus on tackling corruption in government instead of removing fuel subsidies.


Buhari, who run for president in April on the platform of the Congress for Progressive Change, spoke in Abuja at the inauguration of the CPC Renewal Committee, headed by former FCT minister Nasir el-Rufai, aimed at repositioning the party.



“I have already said it. I said in Adamawa last week that our party does not believe in it (subsidy removal). Let them wipe out corruption and we will live happily ever after,” he said while commenting on the controversial subsidy removal policy.

CPC has been bedevilled by internal recriminations since the April elections, when it failed to win most of the positions it expected to clinch easily.

Explaining the formation of the el-Rufai committee, Buhari said, “One critical consideration has compelled us to initiate the renewal of the party 30 weeks after the general election. While the elections of 1999, 2003 and 2007 have inspired hopes that were later dashed, the general elections in 2011 have demonstrated one reality that we, as Nigerians and as a people must not accept.

“The elections showed that millions of people could stay away from voting, yet the state and its umpire agencies could generate pre-determined electoral outcomes’ Nigerians must not accept this evolving reality because it is evil and everyone must remember that evil has a life span and will one day collapse and judge itself.”

He said it was discouraging that 10 years after the return of democratic rule in Nigeria, political parties have remained a platform for selling or trading public office nomination tickets, rather than being the fulcrum for which effective public service can be provided for our people.

“In the past, the real issue that keep coming up from the lips of our followers and sympathizers is not whether they trust us. It is whether they can afford to put their hopes on us, given the uphill task that they think have to be accomplished in order to bring about the change that they strive for. This renewal effort will address this issue very well and will be a big opportunity to prompt conviction among Nigerian voters nationally, across age, gender, ethnicity and religion. We must all do everything within our powers to rebrand and reposition our party into a highly effective and efficient political organisation,” he said.

El-Rufai, for his part, said less than N1 billion was spent on fuel subsidy in 2007, adding that it was regrettable that issue now was the amount of money being stolen in the name of subsidy.

He said, “It (subsidy removal) was monumental fraud. The government is trying to tax Nigerians for their inefficiency and corruption. When we were in government, you don’t even hear of billions of naira being paid as subsidy. There was subsidy, yes. We adjusted the prices several times to reduce the gap. But the last year we were in office, the amount of money spent on subsidy in the budget was less than N1 billion. Today, you are talking of N1.3 trillion. There is something wrong. What has happened? Has the corruption of Nigerians multiplied 10 times or 12 times since then? Has the exchange rate changed so much or the price of oil?”

On the renewal committee, el-Rufai said, “Our committee knows how difficult it is to bring about renewal and change. People and institutions everywhere tend to resist change once they discover their comfort zones however difficult. Some resist change even in times of progress, talk less of adversity. Obviously, our party and its teeming members must admit that the past few months have been ones of adversity, of raised expectations, dashed hopes and blatant theft of our national hopes and aspirations.

“Yet, history has shown that it is often out of adversity that the foundations of greatness are found, formed and developed. Political and economic events in Nigeria indicate clearly that our great party must reform or face even more inordinate challenges, if not terminal decline. Nigerians look up to our party as that of social justice, public service and integrity in governance. Only our party has the leadership and membership committed to unlocking Nigeria’s potentials and providing equal opportunity for all. Therefore, we must rise up; reorganise to fix the dysfunctional political economy of Nigeria.”

Rufai, and Buhari are in the minority; and they never voted for GEJ

The majority voted GEJ, and by removing the subsidy, he is acting on the interest of the majority. Most of the protest have been from the very loud minority.

Their objections are noted, and GEJ should still go ahead and boldly remove the subsidy.

We voted him to sanitise the system using whatever means at his disposal; take away the carcass  and the flies will disperse. Go on GEJ. We are solidly behind you. We the people have given you our mandate!

Gbawe:


Is that what it is ? No wonder he appears more frustrated than usual.

@topic.

I would expect sense to prevail but it seems most Politicians have opted to support the cowardice of GEJ. It has been proven , beyond doubt , that only 3  marketers existed not too long ago. Now there are many scores- all put in place by political opportunism under PDP Presidents . The best option is for GEJ to sanitise the system so that genuine marketers who were recieving far less than the N1.3 trillion paid recently over eleven months as subsidy can continue to deliver a sensible level of subsidized fuel to Nigerians.

This arrangement should be short term and pending till the feul sector is deregulated and refineries are working optimally. Instead this anti-people President chose to make Nigerians bear the burden of his cowardice and inability to embrace a reforming atitude instead of a gradualist and defeatist one. Let us remember that this man's first action in office was to capitulate to the AGIP via announcing that "leaner Government not possible". With fuel subsidy removal, he would rather punish Nigerians than tackle the scammers and their corrupt actions, in full collusion with the NNPC, that have made the cost of subsidy skyrocket to the level of a sick joke. All this just because we have a President who does not believe in confronting or punishing those holding the Nation back.

In your urge to display the usual acrobatic id!ocy, you forgot to read the clear proof that Fashola led the governors committee that first demanded that the subsidy be removed. But I posted about ACN and hypocrisy earlier on, so no biggies.

The bunch of cowards are now shivering like pansies; they should stand aside when men are moving rocks.

Beaf:

In your urge to display the usual acrobatic id!ocy, you forgot to read the clear proof that Fashola led the governors committee that first demanded that the subsidy be removed. But I posted about ACN and hypocrisy earlier on, so no biggies.

The bunch of cowards are now shivering like pansies; they should stand aside when men are moving rocks.

M.or.on. Is Fashola the ACN or is he always right? Even if Fashola supports this, as a Governor, must ACN lawmakers agree with him? We see your limited understanding of democracy exposed here. In the same Party, and even Government, the interest and stance of Governors may be very different to that of lawmakers. They don't call ACN and their supporters "progressives" for nothing.

When GEJ takes a stance, sycophant like you just blindly yell 'aye,aye'. Whereas Fashola is not bigger than the consideration that things should be viewed always from the perspective of what is best for Nigerians. As for your "men moving rock" comment , it can only be one of your delusional utterances similar to your "PDP is reforming" rant.

Gbawe:

M.or.on. Is Fashola the ACN or is he always right? Even if Fashola supports this, as a Governor, must ACN lawmakers agree with him? We see your limited understanding of democracy exposed here. In the same Party, and even Government, the interest and stance of Governors may be very different to that of lawmakers. They don't call ACN and their supporters "progressives" for nothing.

When GEJ takes a stance, sycophant like you just blindly yell 'aye,aye'. Whereas Fashola is not bigger than the consideration that things should be viewed always from the perspective of what is best for Nigerians. As for your "men moving rock" comment , it can only be one of your delusional utterances similar to your "PDP is reforming" rant.

No Fashola is in CPC or PDP. Same as the othe ACN governors. Daft.
Its the way of ACN, you say one thing today and lie that you didn't the next. IMHO, its just weak grown males "progressively" peeing their pink girlie panties.

Abeg, you cowardly hypocritical ninnies bera stand aside while real warriors are tossing boulders.

Beaf:

No Fashola is in CPC or PDP. Same as the othe ACN governors. Daft.
Its the way of ACN, you say one thing today and lie that you didn't the next. IMHO, its just weak grown males peeing their girlie pink panties.

Abeg, you cowardly hypocritical ninnies bera stand aside while real warriors are tossing boulders.

Men, you need to go and get a refund for the poor education that has condemned you to having a comprehension deficit even worse than your thuggish mien. The point , and I am sure everyone gets it, is that Fashola can have a different opinion to lawmakers in his own Party. Do some PDP legislators not oppose subsidy? Particularly the Reps? Secondly, we all do not follow Fashola blindly like you automatically endorse all that GEJ does.

Of course, your deluded mind, coupled with your agrarian thinking, means you can only appreciate politics that involves following personalities blindly and without question. Abeg, go and download Fela's "zombie". I believe the song will 'speak' to you.

Hmm.

Removing the subsidy is the correct thing to do, but I suppose more popular to be against it.

Gbawe:

Men, you need to go and get a refund for the poor education that has condemned you to having a comprehension deficit even worse than your thuggish mien. The point , and I am sure everyone gets it, is that Fashola can have a different opinion to lawmakers in his own Party. Do some PDP legislators not oppose subsidy? Particularly the Reps? Secondly, we all do not follow Fashola blindly like you automatically endorse all that GEJ does.

Of course, your deluded mind, coupled with your agrarian thinking, means you can only appreciate politics that involves following personalities blindly and without question. Abeg, go and download Fela's "zombie". I believe the song will 'speak' to you.

Lol! All the above to support cowardice. I can imagine you hiding behind your poor woman and pushing her to lead the "revolution."
Pesin go take laf wound one day o!!!

Lie recklessly about the below jare! Awon hypocrites! Real men will do the lifting. No lil weak kneed pansies allowed when testosterone driven he-men be moving em tectonic plates to take the country forward! LOLZZZZ!!!!

[size=14pt]Governors Urge FG to remove fuel subsidy[/size]

A major showdown is imminent over the N18,000 minimum wage.

[size=14pt]Governors have asked the Federal Government to immediately remove subsidy on petroleum products and haul the proceeds into the Federation Account to be shared.[/size] This, in their view, will give the states more cash to pay the least paid worker N18,000.

But labour seems to be opposing the removal of subsidy as a pre-condition for the implementation of the law on the payment of the minimum wage.

The governors took the decision to press for the removal of subsidy on petrol products, which the government says costs billions monthly at the Nigeria Governors’ Forum (NGF) meeting on Tuesday night in Abuja.

Besides removal of subsidy, the governors insist on the need to review the revenue allocation formula, which is lopsided in favour of the Federal Government.

It takes 52 per cent. The 36 states share 26.72 per cent and the 774 local governments take 20.60 per cent.

The[size=14pt] Lagos State Governor Babatunde Fashola[/size] Committee raised by the governors has recommended a review of the revenue allocation as follows: Federal Government (35 per cent), States (42 per cent) and local governments (23 per cent). The report has been approved by the Forum.

The implementation of that report topped the agenda of the governors’ delegation’s meeting with President Goodluck Jonathan yesterday at the Aso Villa in Abuja.

The governors’ delegation was led by Rivers State Governor Rotimi Amaechi, who is also the chairman of the Forum. Other members of the seven-man team are Governors [size=14pt]Fashola (Lagos), [/size] Tanko Makura (Nasarawa), Murtala Nyako (Adamawa), Sullivan Chime (Enugu), Adams Oshiomhole (Edo) and Patrick Yakowa (Kaduna).

http://ekoakete.com/2011/06/23/governors-urge-fg-to-remove-fuel-subsidy/

ekt_bear:

Hmm.

Removing the subsidy is the correct thing to do, but I suppose more popular to be against it.

that is not entire the case in my view, real fear is what would happen to the so called saved money. The main problem of this country is not fuel subsidy by bloated government where 73% of money made goes for salaries of people who don't produce any income to the nation. I am not against subsidy removal, more so when it has been removed from main industrial fuels like diesel and aviation fuel, but is this the right time?
Can the economy of the people sustain it. There is no economy without some form of subsidy, even America subsidizes steel industry and some agricultural products.

ekt_bear:

Hmm.

Removing the subsidy is the correct thing to do, but I suppose more popular to be against it.

Everyone has their opinion. If subsidy,as is currently applied, is a glorified scam , as many who were in Government have testified, where is the willingness to tackle the corrupt element of it (perhaps as much as 99% currently) and leave a socially beneficial fuel price in place till conditions are more 'palatable' for Nigerians?

There is much GEJ has not done before he weakly points his hand at subsidy "removal". We are simply unambitious citizens who will regret it for backing a President to put the Cart before the Horse. Of course you don't live in Nigeria , hence won't be affected, and you are a hardcore capitalist so I can see you supporting the removal of fake subsidy that will only be callously punitive against ordinary Nigerians. It seems it is still not clear to you that it is the monumental scam the likes of El Rufai speak of (subsidy at N1 billion in 2007 and now N1.3 trillion) that should be tackled as many are suggesting.

"Significant savings can be made on the bandied N1.3 trillion if the government will prune out the “briefcase marketers”, clean up the NNPC/PPPRA to plug waste and leakages, and tackle smuggling".

http://saharareporters.com/press-release/eie-nigerias-statement-federal-government%E2%80%99s-games-fuel-subsidy

EiE Nigeria's Statement On The Federal Government’s Games With Fuel Subsidy
Posted: December 12, 2011 - 18:44
Ngozi Okonjo-Iweala
By EiENigeria.org

Despite the concerns raised by different groups and individuals, President Jonathan will, tomorrow, present the 2012 Budget to the National Assembly excluding the provision for fuel subsidy.

In her two appearances before the Senate Joint Committees on Appropriation, Finance and Petroleum Resources (Downstream) for the public hearing on “The Operations of the Fuel Subsidy Scheme in Nigeria,” the Minister of Petroleum represented the Federal Government’s position as follows:

The fuel subsidy structure is inefficient, costing us N600bn (~$3.75bn) in 2010 and N1.3 trillion (~$8.125bn) from Jan – October 2011. The Federal Government cannot continue to pay as it’s unsustainable. By removing the subsidy, the savings will be used to provide critical infrastructure and services. Currently, only a small percentage of Nigerians (the marketers, middle & upper-class Nigerians) benefit. When removed, more Nigerians will benefit.

In the words of a Yoruba proverb, the Federal Government has, yet again, left leprosy to treat ringworm. While we understand that the current cost structure is unsustainable, Nigerians can no longer afford to pay for government’s inefficiencies. It’s too expensive (financially; productive man hours and human lives) and it’s also NOT sustainable.

Issues to Consider

1.    A lazy, thoughtless approach
[size=14pt]The government clearly finds it easier to undertake an unwise blanket removal of subsidy than engage in the discussion of trimming the inefficiencies in fuel subsidy management and in the running cost of government. [/size]The language is also deliberately confusing – one minute it’s ‘deregulation’ and the next it’s ‘fuel subsidy removal’.

2.    How much subsidy?
The Interim Report on the Process and Forensic Review of NNPC by KPMG states “Based on our analysis, subsidy over-deduction for 2007, 2008 & 2009 was estimated at N2 bn, N10.3 bn and N16.2 bn respectively. A rough estimation of subsidy payment on product losses for the period under review (2007-2009) is estimated at N11.8 billion.”
Clearly, the subsidy management regime is fraught with waste, graft and insincerity; evidence that the ‘N1.3 trillion’ does not accurately reflect the amount of petrol imported or consumed by Nigerians.

3.    A matter of trust?

To counter the argument that Nigerians do not trust the government to wisely manage the ‘savings’ from the removal of the fuel subsidy, the government is planning a subsidy savings management program. The details were shared by the Vice-President in a meeting with some civil society organisations on Friday, December 9th. Why has this plan not been made public?

The questions and concerns that arise are obvious ones:

a.    How does the government plan to calculate ‘fuel subsidy removal savings’?
Will these savings be the theoretical cost of the subsidy – minus cost of corruption - or the current (inflated) figure? Also, how does the government intend to remit same to this proposed quasi-government agency? Will this necessitate the setting up of another special account, in the manner of the Excess Crude Account?

b.    The Obasanjo regime wound down the widely acclaimed PTF because it served as a duplication of the work of the ministries.
We agree with this approach.

c.    Setting up a new body means an increase in recurrent expenditure for staffing, salaries, pensions, cars, running costs etc. This is UNACCEPTABLE.

4.    No Effect on the Poor
The government’s assertion that the subsidy removal would have little effect on the poor is quite simplistic. The resultant increase in the price of PMS would drastically increase the cost of food, transportation and doing business, shutting down many small enterprises which directly or indirectly depend on the price of petrol remaining low. The middle class is the engine of growth by way of consumption and the SMEs that create jobs. Any strain on them is negative for the economy.

The Way Forward

The government should take a more measured and sustainable approach that takes into consideration all stakeholders in the Nigerian project. They need to:

1.    Reduce Cost of Governance
The government must drastically cut down the cost of maintaining public and civil servants – security votes, multiple advisers, fuel guzzling convoys, excessive foreign travel and estacodes etc. Expenses such as (a) the Vice-President’s residence awarded to Julius Berger at N7 bn ($43.75m) with a request for N9 bn ($56.25m) more; (b) disbursement of N250 billion per year in  ‘security votes’ to the President and Governors; and (c) a N1.7 trillion wage bill (2012 Budget) are criminal and unstainable!

[size=14pt]2.    Reduce Cost of Subsidy
Why does NNPC get 445,000 barrels of crude a day that it can’t refine? In 2006, there were 3 marketers; we now have 77. According to BusinessDay, “the increase has also been linked to this year’s elections and it has been suggested that the subsidy programme became an avenue for patronage extended to those with political connections.” Significant savings can be made on the bandied N1.3 trillion if the government will prune out the “briefcase marketers”, clean up the NNPC/PPPRA to plug waste and leakages, and tackle smuggling.[/size]

3.    Restore or Sell the Refineries
This is of critical concern and priority. Increasing the capacity of our refineries would reduce the amount of fuel that needs to be imported into the country. How much has been spent on repairing the refineries in the last 12 years?

4.    Provide Power
According to a 2009 report by the Nigerian Electricity Regulatory Agency (NERC), Nigerians spend N797 billion yearly to buy fuel for powering generators. In 2010, President Jonathan said the cost of fuel (to power generators) was $13 billion. NERC’s estimates 32% of generator fuel is PMS. This means Nigerians spend about $4.19 billion or N646 billion on petrol, while the rest goes to diesel. Imagine how much fuel import dependence we can curb if this government fulfills the often-repeated promise of improving power supply in Nigeria!

Why has the government not presented a policy document or engaged openly and directly with Nigerians on this issue? Why the rush to remove the subsidy when other holes have not been plugged?

Enough is Enough Nigeria will continue the conversation by hosting a public Town Hall Meeting within the next 10 days to discuss the issue. In a country that provides no social services and the average citizen provides all basic utilities – water, electricity, and security; the government cannot remove the bread from our mouths while it continues to feed fat on its princely cakes.

We will engage in words and action. Enough is enough!

Remii:

that is not entire the case in my view, real fear is what would happen to the so called saved money. The main problem of this country is not fuel subsidy by bloated government where 73% of money made goes for salaries of people who don't produce any income to the nation. I am not against subsidy removal, more so when it has been removed from main industrial fuels like diesel and aviation fuel, but is this the right time?
Can the economy of the people sustain it. There is no economy without some form of subsidy, even America subsidizes steel industry and some agricultural products.

The subsidy is not as much being removed as it is being diverted to more progressive areas of the economy. State and local govts will also get more money (as per the demands of Fashola's committee).
The bulk of the subsidy is being diverted to power generation, local research and production (e.g. cassava bread), agriculture and various transportation, road building and welfare scemes. As an example, the 2,600MW Mambilla power station is being fastracked with part payment from the subsidy savings.

I created a thread on the Subsidy Reinvestment and Empowerment Programme (SURE) which few are interested in, please read it at least. You will find it here:
https://www.nairaland.com/nigeria/topic-825023.0.html

subsidy must go!

realchange:

subsidy must go!

Your dad must be soooo proud of you! Clever boy!

JamesDoe:

Your dad must be soooo proud of you! Clever boy!

yea he is!

The funny thing is, whether subsidy is removed or not, the sellers of the crude and refined oil are not going to be affected. Its simply the masses!

jason123:

The funny thing is, whether subsidy is removed or not, [b]the sellers of the crude and refined oil are not going to be affected. [/b]Its simply the masses!

na lie be that o

at least the sector would be opened to the savviest business men, not just thieves with years of government privileges

also government will get fair amount of money to take care of everybody in nigeria

jason123, why do you think the ACN is opposing it?
it is because many Yoruba thieves stealing delta oil will be cut off
they would have to compete with everybody and pay fair price to the government

realchange:

jason123, why do you think the ACN is opposing it?
it is because many Yoruba thieves stealing delta oil will be cut off
they would have to compete with everybody and pay fair price to the government

You are such a dullard. I have been watching you posting ignorant nonsense all over the place. "The Yoruba thieves" are the major marketers and indeed OANDO was one of the three oil original marketers in 2005-2006 !!! They are not going to lose out. They will still bring petrol in and sell it at what they were going to sell it for before Government applied subsidy. Now , an assignment for you. Go and find out who the "briefcase marketers" are i.e those who joined after 2007 to swell the number of marketers from around 5 -7 all the way to 77 !!!! People like you, with your tribalistic ignorance and holier than thou atitude, are losers. "Yoruba thieves" positioned themselves as major marketers because (surprise, surprise) they may actually be decent at business while tribalistic losers like you posit it is only your ethnic group that can do everything better than others.

www.nairaland.com/attachments/594589_yoroba_thieves_JPGc6ad3ca9bb01caf9470c82aee1ea654f

Mu he he he he he he heeeeeeeeeeeeeeeeeeeeeh!!!!



This cartoon explains it all. . . in so few words!

Beaf:

^
Haters gon' hate.

@topic.
http://ekoakete.com/2011/06/23/governors-urge-fg-to-remove-fuel-subsidy/

dude,where in your article does it say ACN governors asked for subsidy to be removed?
what is the percentage of ACN governors compared to pdp and other parties
@lasinoh
pls spare us and stop displaying your ignorance on a public forum. non nigerians caucasians who call us animals/monkeys do frequent this forum too you know??