Fuel Subsidy: The Government Is Right

By Michael Egbejumi-David

A lot has been said and is still being written about the recent removal of oil subsidy by the Nigerian government – and rightly so. But I think, when considered dispassionately, the government is right on this one.

I’ll give a simplified view.

As an outsider, I do not know when the subsidy began but my own understanding of the issue takes off from the Babangida/Abacha’s regimes. But I think things took a decidedly murkier turn during Abacha’s upside-down rule when, the refineries – by omission and by commission – fell into a state of severe neglect and under-performance. Abacha, and his co-travelers, saw this as an opportunity to make money. They got into the fuel importing business. Abacha, Babangida, Lukman, and their various fronts in particular were up front and centre in this.

In bringing their fuel into the country, these big men then decided quite naturally to cover their cost of import, transportation, etc. They tagged this on top as subsidy at the point of import as the government had to hold the pump price of fuel at a reasonably low affordable price in a relatively poor economy. So, while it is true that when the real barrel cost, the refining cost and the distribution costs are all factored-in, the pump price of petrol in Nigeria is between N33.36 to N35.00 per litre, the main bulk of our fuel is imported and that total cost far exceeds the bit that is being refined locally in the country.

So, Abacha and his mates would bring in their fuel and invoice the government at, say, N110 per litre. The government who is selling locally refined fuel at, say, N50 at the pumps would then have to pay these fuel marketers the extra N60 per litre so that the imported fuel is also sold at the pumps at N50 per litre.

That, essentially, was the subsidy.

Naturally, this being Nigeria, the cost of subsidising the imported fuel has been increasing enormously. Don’t forget; our rulers, their cronies and bigmen were paying themselves from the national coffers of which they sit directly in charge of anyway, so there was no restraining them. In a short time, and predictably, corruption also became part of the imported fuel subsidy as some of the consignments of imports were invoiced several times over. This is one of the reasons why every incoming government gets their man into the Central Bank chair. It is also part reason why a few of the bigmen wanted Diezani Allison-Muedeke out as Petroleum Minister as they see her as wanting to pour sand in their garri.

To give credit to late Yar’Adua, he figured out this terrible system and began to want to redress the unsustainable state of affairs in 2009 but he ran out of time. Now enter Jonathan who had found some courage somewhere to rightly

take this on. My understanding is that his government is intending to hands off and get itself out of the oil importing/marketeering chain and let importers sell directly to fuel suppliers. It is hoped that the market economy would, at some point, sort itself out through demand and supply. Meantime, locally refined fuel would still sell at government controlled price.

So, in reality, this is a good thing. If seen through properly, it should work and save the country a lot in the end.

The problem the government has – to my mind - is two fold: One, its communication on this was very poor. The whole matter was raised like Chinese whispers and they held the usual we-we, fait accompli consultation with mainly the National Assembly leadership. The issue, its merit and demerit were never properly explained to Nigerians. There was no real consultation with the people and, worst of all, the time between Chinese whispers and full implementation was incredibly short.

Secondly, I think that while the government is right in removing this subsidy as it currently exits, it ought to have first ensured that our refineries’ total output capacity have been much more improved, and there is available in the whole country more locally refined fuel before implementing its current subsidy removal. Concomitantly, it should also have ensured that there is improved power (electricity) supply in the country. Because now, in the short term, the majority of Nigerians are going to feel the negative effect of this policy and they would naturally hold the government responsible. Small and medium enterprises would particularly feel its impact.

The role of government must include ensuring that there is some interphase between law and man. Consequently, the laws of the land, government policies, actions, etc should not be seen as working against the majority of its citizens. Really, this sensible policy should have been introduced perhaps later when other ameliorating and corrective measures could be brought-in in parallel.

But it is never too late for this to be considered.

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@Stanley Igwe; foolisman, 1 barrel of crude is not Iitre of fue

@Stanley Igwe

U claim "Why should you argue a very articulated submission of Ifeanyi on fuel/crude oil pricing? "

Ain't u a joke ? I should agree with Ifeanyi, an illiterate like you, who thinks 1 barrel of crude = I litre of refined fuel. That is the what you get when you allow animals to mingle with human beings; chaos !!
If a confirmed low IQ idiot like Ifeanyi is what you call articulated an, one wonders what kind of breastilk ou guys are fed with at Nembe and Otuoke. No wonder Jonathan is like what he is; mumu !

The Lagos Fuel Subsidy Debate - A MUST WATCH

http://www.youtube.com/watch?v=RLd8o8z-2CU

watch this debate on YouTube as it gives more insight into what is going going on in this sector, the corruption is deep and institutionalized, (thanks to International Barawo Banza - IBB). Subsidy must go, but the question is does GEJ have the wherewithal to adopt a Holistic approach in dealing with the situation at hand or else the savings from subsidy removal will only be looted away by these criminals we call politicians. EFCC has not brought to books in the past 4 years any of these thieving politicians. and that is why we must demonstrate and continue to Occupy until GEJ gets it into his coconut that we Nigerians will no longer continue to play dead anymore.

Stop exposing ur ignorance (2)

@Lion heart
I see your calculations but the problem is that our refineries have been sabotage by importer cronies, if all our refineries are producing at maximum capacity in the first place we would not be having this debate, our refineries are producing at 25% capacity and to meet our daily consumption we have to import and this is where the subsidy comes in. when we import we buy in the open market at the open market price. some importers are honest, they get paid and deliver their product, but most of them are criminals, they get paid, then turn the ship around and go sell them off in neighbouring countries at higher prices and pocket the extra too.

http://www.youtube.com/watch?v=RLd8o8z-2CU

The Mistake is

Fuel should Never have been subsidised in the first place, fuel is an everyday consumable, which will ease people's lives but not bring a solution.

Factors of production, Big projects , Machineries that would increase production, training etc may all be subsidised but not food.

Think, why would you want to subsidise what you consume day in day out, like subsidising food when there is no famine

other countries

Why are you comparing us to better economies and people who have built their own refineries and do not have to import them.

These countries have built their own refineries and can keep their cost down, we cannot yet.

And free Market economics is best for fuel, we know the oil companies are lying because they want the subsidy back cause the subsidy pays them better, you can tell because they weren't all too sure what to charge.

IFEANYI DONT THINK PRICE IS EVERYTHING

"It is STUPID to build refineries, refine crude and sell fuel at N65 per litre when one can easily sell the crude at N113 per litre..."

WHY CANT WE TAKE ADVANTAGE OF THE PRICE DIFFERENTIAL TO BOOST OUR REFINING BASE?

VENEZUELA HAS 8 REFINERIES EVEN THOUGH THEY NEED ONLY ONE FOR DOMESTIC USE, THEY PREFER TO EXPORT REFINED PRODUCTS RATHER THAN THAN RAW CRUDE. THEY SELL CHEAPER THAN THE INTERNATIONAL PRICE AND HAVE NOW CORNERED THE MARKET.

CHINA IS ANOTHER EXAMPLE. THEY INTEND TO CORNER THE MANUFACTURING MARKET AND SO THEY MADE IT INTO A POLICY THAT BY THE YEAR 2000 IT WILL BE CHEAPER FOR ANYBODY ANYWHERE IN THE GLOBE TO HAVE HIS MANUFACTURING DONE IN CHINA TO ANY STANDARD HE WANTS. TO ACHIEVE THIS THEY HAVE TO HAVE THE CHEAPEST FUEL, ENERGY, LAND AND SEA TRANSPORT, LOWEST TAXES, CHEAPEST LABOUR ETC. HERE WE ARE IN NIGERIA THINKING ABOUT HOW TO MAKE THINGS AS EXPENSIVE AS POSSIBLE. NO WONDER WE ARE NOT MAKING ANY PROGRESS!

Stop exposing ur ignorance (2)

8) True cost of one litre of petroleum
anywhere in Nigeria;
- Total sum cost = $34.8
- 1ltr cost = $34.8/159 litres = $0.219
– Naira equiv. 0.219xN160= N35.02k
- Add Tax N5 + N35.02 = N40.02
9) Let FGN refute the above composition and if not, they should tell us how they came about N65/litre.
10) Locally refined products cannot be sold at International price.
11) We really do not need FGN SUBSIDY as there was NONE in the first place.
12) What is LACKING, is the WILL to enforce LAW ON CORRUPTION.
Analysis done by Professor Tam David West, former Petroleum Minister.

Stop Exposing Ur Ignorance (1)

@ Ifeanyi
You keep erroneously assuming that “1 barrel” = “1 litre” and hence your misplaced argument for removal of subsidy. Here’s the fact:-
1) One barrel of Crude oil = 42gallons or 159 litres
2) Our Refineries (i.e 4) Installed (combined) capacity = 445,000 barrels per day
3) Actual refineries capacity due to ageing equipment = 30% i.e. 133,500 barrels per day
.
4) 133,500 barrels = 21.2 million litres
5) Local required consumption (F.O.S) = 12millions litres
6) It means that even our MORIBOND refineries can actually meet our local consumption need of petroleum.
7) The cost structure of crude oil (i.e.
Qua Iboe Crude Oil) production;
- Findings / development – $3.5
- Production cost – $1.5
- Refining Cost – $12.6
- Pipeline/transportation – $1.5
- Distr/bridging fund Margin -$15.69

Ifeanyi & Fallacies

@ Oga Ifeanyi,

As some people have already been telling you here, you are in over your head and some of your arguements are completely wrong.

I will set you straight on just one, the price of oil in other places:

The price of PMS in other OPEC countries as at Nov 2011, converted to Nigerian Naira:

Algeria 51.20
Equador 84.80
Iran 16.00
Kuwait 36.80
Libya 27.20
Qatar 30.00
Saudi Arabia 25.60
United Ara Emirates 75.20
Venezuela 3.00
Nigeria 65.00

Pls calm down, do your home work well before you vituperate in a public space.

@tundemash

Tundemash, rain is now falling on you, does it mean that you can't articulate your own opinion.Why can't you believe in yourself, and stop hiding under people.You have a very low self esteem, you don't know when and where our refineries were located then why should you dabble into subsidy issue? Why should you argue a very articulated submission of Ifeanyi on fuel/crude oil pricing? Again, you really have to tame your childish exuberance little brat.It is obvious that this topic is more than you, stop commenting and read those that have information and are knowledgeable about the topic, people like Deri,Ifeanyi, SAAD IBRAHIM,Stanley Igwe etc.

tundemash:Shame on you

hahahahaha Tundemash, I should go and read Tam David west and that you would not believe me. This means that you don't even know when and where our refineries were built other than the one you read from Tam David west.
You claimed to live in UK and have internet 24hrs, please is your google disabled? Tundemash I have done as you requested now watch Tam David west, your authority on Nigerian refinery.

http://www.youtube.com/watch?v=f0MUoK2Xuw4

@Deri, Stanley Igwe and Ifeanyi

Submitted by Rebel (not verified) on January 13, 2012 - 14:07.

Wow!! ..i think i can safely conclude that education in Nigeria is disfunctional...truly being educated in Nigeria does not mean common sense...simple logic here....the writer and some ppl are yammering about Jonathan removing the subsidy...that this is the only way to stop the oil cabal...yet a few weeks ago this same ball-less govt could not prosecute the so called cabal on a list released by the senate.

Go get education. Jonathan's 15 mins of fame is almost over.No more free money for MEND fighters turned political thugs !

Stanley Igwe is an imbecile

@Stanley Igwe
U claim ".the second WRPC was built in 1978,KDRC in 1980,new PHRC in 1989.So which among them did Buhari build?"

Go read the interview of Prof. TAM David West who was a Petroleum Minister and has a first hand knowledge about the refineries. Why would i choose to believe a political thug like you instead of sound mind like TAM David West. When Jonathan was wasting away under Turai Yardua 2 years ago, fools like you were busy licking the as of the highest bidder in govt.
Go read sections 1 and 2 of the constitution and tell us what is the responsibility of govt. I know once it gets to intellect, you get lost and result to abuse; animal ! Now we asked you to go and read constitution but instead tell me SAAD IBRAHIM concur with you. how foolish can a man be ? Abacha sycophants, IBB syncophantsnd OBJ sycphants mde more noise than this and yet they were gone. Jonathan's 15mins of fame would soon be history !

Michael Is Right!

Michael, you are totally right in your analysis!
I am not against the removal of the so-called subsidy but my beef with the government is about its implementation. Adequate measures should have been put in place before its removal. Poor communication and wrong timing!

@Cicero..,you ended up saying nothing!

I read thru your comment to take the necessary correction but surprisingly you ended up RANTING without making any point. You said quite rightly that 1 litre of crude isn't equivalent to 1 litre of fuel but you failed to state how much crude will give 1litre of fuel. I'm not an expert in oil and gas but what i did was to use simple arithmetic to show that business at the downstream sector cannot thrive when the price of the raw material is more expensive than the finished product. Why would i spend $3 billion to build refinery &sell fuel at N65 per litre,when i can easily sell crude at N113 per litre. From the little a know, 1 litre of crude will give about 0.60 litre of fuel plus other by products. This is the reason in countries without subsidy fuel sells at near or above $1 per litre. But these byproducts can only be harnessed and sold if the necessary facilities are available. No matter what, the price of raw material should not be above finished product. Except there is a subsidy

Wonderful

Wow!! ..i think i can safely conclude that education in Nigeria is disfunctional...truly being educated in Nigeria does not mean common sense...simple logic here....the writer and some ppl are yammering about Jonathan removing the subsidy...that this is the only way to stop the oil cabal...yet a few weeks ago this same ball-less govt could not prosecute the so called cabal on a list released by the senate..i guess he wants us to go lynch them, abi? ... hmn hmn today its subsidy on fuel..tomorrow it will be electricity, water ..and possibly air...besides it is going to be very difficult for me as a son to believe in a father insisting we tighten our belts while he goes on to take turkey pepper-soup every afternoon......this is so painful..truly, "common sense is not common". Well for those of u with little or no common sense i think the link below will serve as a pointer in d right direction...http://video.google.com/videoplay?docid=-7932485454526581006

@Cicero..,you ended up saying nothing!

I read thru your comment to take the necessary correction but surprisingly you ended up RANTING without making any point. You said quite rightly that 1 litre of crude isn't equivalent to 1 litre of fuel but you failed to state how much crude will give 1litre of fuel. I'm not an expert in oil and gas but what i did was to use simple arithmetic to show that business at the downstream sector cannot thrive when the price of the raw material is more expensive than the finished product. Why would i spend $3 billion to build refinery &sell fuel at N65 per litre,when i can easily sell crude at N113 per litre. From the little a know, 1 litre of crude will give about 0.60 litre of fuel plus other by products. This is the reason in countries without subsidy fuel sells at near or above $1 per litre. But these byproducts can only be harnessed and sold if the necessary facilities are available. No matter what, the price of raw material should not be above finished product. Except there is a subsidy

Tundemash is an Imbecile.

Tundemash, why do you come here to always make a mess of yourself. Why do you like diving into topics that are beyond your capacity.Why can't little brat like you keep quiet and listen to people that are more informed than you. Deri is right first refinery(PHRC) was built in 1965,and was rehabilitated in 1970.the second WRPC was built in 1978,KDRC in 1980,new PHRC in 1989.So which among them did Buhari build?
Again you said that Ifeanyi is stupid that govt is not designed to make profit.You must be totally insane that a govt that monopolise a market of inelastic demand (oil) where about 80% of it's total revenue comes from should not make gain.Even SAAD IBRAHIM who is an objective critic of Jonathan concur with Ifeanyi and that will not make him to shift his ground on Jonathan.That is how developed and trained mind reason, but people like you who are mentally dense because Jonathan trashed Buhari persists in their psychotic hatred for Jonathan.

@Deri Re: Blame GEJ for refineries built in 1965

@deri

Stop twisting the truth. The refineries were not built in the 1960s. Three of those 4 refineries were built by Buhari.
Nigerians have a right not to trust the government. Only a mad man keep doing same thing over and over hoping to get a different result. If all the past govt. remove subsidy with nothing to show for it, how do u expect Nigerians to believe this Dumbo will do something different. You expect Nigerians to believe a man who lied to them on a date he plans to remove subsidy? Can u point to anything he achieved as dep. gov or gov to make Nigerians trust his judgement? No one has a monopoly of knowledge. Nigerians have mentioned several options to Jonathan but he would rather listened to his sponsors/oil importers. Go read Rudolph column, Go listen to Femi Falana at the lagos parley !
We are also ashamed to think you are a Nigerian. No one wants to be identified with the animal kingdom.

@ifeanyi democracy 4eva......go to school

Dear ifeanyi,

Did you read the contribution of d gentleman on d constituents that make up crude. It is a shame that u come 2dis forum n use abusive words wen u actuali lack a basic understandin of ddiscourse. Becos u happen 2av a computer n a keyboard doesn't mean u av 2contribute 2 evri discourse here, esp d ones u av little knowledge of.....4d sake of clarify, 1 litre of crude isn't directly equal to 1 litre of Petrol. I tot you'd kept quiet afta that wash down by uncle anonymous until I saw your rude n warped response again. Kindly limit ur noise here becos u bore us. Think b4 u type.......or I'll suggest u get a proper education first n then come back here. We'll be happy 2welcome you. My view? Subsidy removal is EVIL if our money is not recovered from 4rm d racketeers and if our refineries are not working. Deri, you're next......

@ifeanyi democracy-4eva ....pls go to school

Dear ifeanyi,

Did you read the contribution of d gentleman on d constituents that make up crude. It is a shame that u come 2dis forum n use abusive words wen u actuali lack a basic understandin of ddiscourse. Becos u happen 2av a computer n a keyboard doesn't mean u av 2contribute 2 evri discourse here, esp d ones u av little knowledge of.....4d sake of clarify, 1 litre of crude isn't directly equal to 1 litre of Petrol. I tot you'd kept quiet afta that wash down by uncle anonymous until I saw your rude n warped response again. Kindly limit ur noise here becos u bore us. Think b4 u type.......or I'll suggest u get a proper education first n then come back here. We'll be happy 2welcome you. My view? Subsidy removal is EVIL if our money is not recovered from 4rm d racketeers and if our refineries are not working. Deri, you're next......

@Tundemash.,you'r a LIAR! All liars are liable to Life in Hell!

You said subsidy has been N200 to N250 billion during Obj/Yar Adua regime. This is a Lie. Subsidy under Obj was mostly below N300 billion because Obj was frequently increasing fuel price to keep the margin between landing cost and official pump price low. The global economic meltdown under Yar Adua in 2008 crashed crude price to below $40 per barrel, resulting in low landing cost of fuel and low subsidy. In 2008 govt was actually making PROFIT at N65 per litre, such that the labour unions pushed govt to deregulate. But in 2009, as global oil prices rose again, subsidy pushed up above N400 billion. It MUST be noted that all these while ONLY Lagos and Abuja and few cities ENJOYED this subsidy. GEJ came and increased the spread of citys ENJOYING the subsidy. A combination of more even spread of the subsidy under GEJ, devaluation of naira, increasing oil price and more volume consumption led to increased subsidy from close to N800 billion in 2010 to N1.4 trillion in 2011. Facts are Sacred!

@Tundemash.,you'r a LIAR! All liars are liable to Life in Hell!

You said subsidy has been N200 to N250 billion during Obj/Yar Adua regime. This is a Lie. Subsidy under Obj was mostly below N300 billion because Obj was frequently increasing fuel price to keep the margin between landing cost and official pump price low. The global economic meltdown under Yar Adua in 2008 crashed crude price to below $40 per barrel, resulting in low landing cost of fuel and low subsidy. In 2008 govt was actually making PROFIT at N65 per litre, such that the labour unions pushed govt to deregulate. But in 2009, as global oil prices rose again, subsidy pushed up above N400 billion. It MUST be noted that all these while ONLY Lagos and Abuja and few cities ENJOYED this subsidy. GEJ came and increased the spread of citys ENJOYING the subsidy. A combination of more even spread of the subsidy under GEJ, devaluation of naira, increasing oil price and more volume consumption led to increased subsidy from close to N800 billion in 2010 to N1.4 trillion in 2011. Facts are Sacred!

@ Ifeanyi-Democracy 4ever: Rae u getting more stupid ?

@ Ifeanyi-Democracy 4ever
U claim "It is STUPID to build refineries, refine crude and sell fuel at N65 per litre when one can easily sell the crude at N113 per litre(at $113 per barrel at current international market). Even if by any MIRACLE the Nigerian govt builds 10 refineries to refine some of its OPEC quarter crude and sells the resultant fuel at N65 per litre, the govt will be making HUGE LOSS because this same crude could have been sold at N113 per litre(or $113 per barrel)."

Is foolishness in the DNA of these nembe people ? Is govt about making profit ? Please go and read section 1 and 2 of the Nigerian constitution to learn the responsibility of the government to its people . FOOL !!!
I thought it was only Jonathan until this illiterates ifeanyi and Deri came to this forum to logic upside down. You see the problem when animals mix up with human beings ?

Removal of Fuel Subsidy!

The author is either pretentious or lacks true understanding of a corrupt nation like Nigeria and PDP that he thinks the fuel subsidy removal is right. Let me make this clear, Jonathan is only playing Dr Jekyll and Mr hide with Nigerians. In a perfect Nigeria, the idea for fuel subsidy removal may be good.

However, these gluttons are only doing this for their selfish interest. They continue to tighten the noose on Nigerians. I laugh at GEJ's justification as it is so hollow and full of deceit. Even the mentally challenged amongst us can see through the president's fornication with lies and the devil on this.

I forewarn GEJ and his administration that Nigerians are now ready for a bare knuckle fight and at the end it might be bloody but this might be the beginning and the end of PDP as a party. Call it a revolt or whatever but Jonathan can not fool Nigerians with his nonstop smiles and while he giggle behind our backs!!!

Remove the big evil corruption from Nigeria

Today the people seem to be saying that it is enough. A new lesson is being taught today. No corrupt leader will be allowed to feature in the government.I am concerned about the loss of lives. Please, each single life is sacred to God. We should not spill blood as though it does not matter. It matters a lot. The spirit of the slain will come back to its perpetrators. All those who have brought about the shedding of blood will have to account for it before God's[Allah] throne. Remeber the blood of your brother or sister cries for revenge. Naturally any one who disobeys this natural law, has him/herself ccondemned.
Long live Nigeria. May God help us get out of this strike and riot situation.

Posterity will live to remember Jonathan !!

I have said and I will continue to say it, the whole argument about building many refineries is not the Issue. We can not because of corruption compromise economic principles. Those leading this protest lumped many things together and make the whole issue very complex to the masses. The failed politicians hijacked the protest even those whose case are with EFCC are now champions of good governance. The issue about subsidy is not about having many refineries but it is about pricing.If we don't get the pricing very well, we will end up subsidizing for the whole west Africa at the expense of the Nigeria govt through smuggling. President Jonathan made the right decision, which is unpopular thereby putting his political career online for his love for this country. Posterity will live to remember him, history will judge those who used innocent Nigerians to fight Jonathan for their selfish interest.

@Michael Egbejumi-David: kabukabu analysis !!!

@Michael Egbejumi-David
Ain't u very stupid with your hearsay analysis ? U claim govt destroyed the refineries and their cronies got into into business. So any right thinking person would think the right thing was to make right what went wrong in the first place; fix the refineries and build new ones.
Isn't it curious that Nigeria is the only oil producing country in OPEC importing refined fuel ? Does it not bother you that if NOgeria has 4 functional refineries 20 yrs ago and none now, that something is fundamentally wrong ?
Does it not bother that your simple mind that if subsidy has been N200b - N240b during OBJ/Yardua regime nd suddenly jump to N1.4tr in 2011, something is fishy and needs to be found and cotrrected instead of punishing the masses for the cluelessness of JOnathan and the foolishness of the folowers like you ? No wonder Pastor Tunde Bakare said it takes an IDIOT to be ruled by a FOOL; that fits you perfectly well !

Facts are Sacred!

It is STUPID to build refineries, refine crude and sell fuel at N65 per litre when one can easily sell the crude at N113 per litre(at $113 per barrel at current international market). Even if by any MIRACLE the Nigerian govt builds 10 refineries to refine some of its OPEC quarter crude and sells the resultant fuel at N65 per litre, the govt will be making HUGE LOSS because this same crude could have been sold at N113 per litre(or $113 per barrel). This does not even take into account the massive resources needed to build refineries,eg $3 billion for 100,000 bpd refinery. Also because of huge price differential between us and our neighbouring countries, our fuel will be smuggled into other African countries. Thus the country will be losing revenue &subsidizing other African countries by supplying them with fuel at N65 per litre instead of selling its crude to international community at N113 per litre. This is BAD for a country with massive population and wide infrastructural deficit.

Blame GEJ for refineries built in 1965

The arguement that because IBB, Abacha and OBJ did not use returns on fuel price increase for the benefit of the masses, so Joanthan should be burnt alive at the stake for initiating similar ideas does not hold water. Its silly for some to say because yr son was caught cheating in an exam, none of yr kids be allowed to go to school again. That is madness of the highest order-I have gone through all the arguements for and against the fuel subsidy thing, and my verdict is that I am ashamed to be called a 9ja. Its sad that 51yrs after our freedom we cannot still get it right. If simple things like fuel for the masses can elude us for 51 yrs, what moral right do we have to call 9ja a nation of thinkers. The only thing that came out of these fuel subsidy thing is that, we now know why we have been having fuel shortages for the past 3 decades-its sabotage-lack of patriotism and wisdom on how to move the nations refineries built in the 60s forward. So let us split-period.