Monday, 21 May 2012
PHOTONEWS: #Occupy Nigeria-Lagos 2 Million-Man Rally
PRESS RELEASE BY THE COVENER OF SAVE NIGERIA GROUP:
S.N.G. OJOTA RALLY DAY 5.
Today is the 5th day of our ongoing civil protest against the oppressive policy of the Federal Government as they feed fat on our resources while expecting the citizens of our nation to fast and pray, and at the same time try hard to remove the crumbs the poor depend on for survival.
I salute all Nigerians and our compatriots for making the rallies as peaceful as they have been. From the first day till now, our watchwords remain: NO REVENGE, NO REPRISALS, NO RAGE, NO RESENTMENT, AND NO VIOLENCE even in the face of provocation and unimaginable threats.
Across the nation and on so many TV stations, serious advertisements are being aired to stir up the people against us, while news coming from the Freedom Park, Ojota is being censored, though the crowd is being shown.
We are not unaware of the tendency of authoritarian regimes to use manufactured ‘public opinion’ to diminish their own role as they react to the very passions they have created in their people. We know that when the arrow of truth shoots, there will be no traces of falsehood. In spite of the lying propaganda, it is part of our responsibility to channel our collective energies in the right direction and remain focused on the main issues rather than using ‘ring worm’ medicine to cure leprosy.
I have four (4) major pieces of information to share with you this morning:
CRITICAL INFORMATION 1 is predicated on the little painting hung on the wall of my primary school’s auditorium: ‘Honesty is the best policy: Tell the truth and let the devil be ashamed.’
Time has come for the government to tell the whole truth to the citizens of this country in respect of fuel subsidy.
I will share with you the information we have on the Fuel Subsidy Payouts in 2011:
Fuel Subsidy Pay-Outs in 2011 were Fraudulently to Cronies:
1. The purported expenditure of between N1.4 and N1.6 trillion on 'subsidizing' PMS and Kerosene is indefensible and at least three quarters of the amount is fictitious, fraudulent and grand corruption.
2. The amount budgeted in 2007 for subsidizing ALL imported refined products (petrol, diesel, kerosene, and aviation fuel) was about N300 billion. In 2011 the amount earmarked was N240 billion - an average of N20 billion a month as FG's contribution towards the import price subsidy deductions for petrol and kerosene. Diesel had been "deregulated" since 2008, with little improvement in price, supply chain stability and quality. Where did those 'savings' go?
3. The deductions went up six times in the months just before and after the elections due to fraud perpetrated by the products' importers in collaboration with officials of NNPC, PPMC, DPR, PPPRA and Petroleum Equalization Fund.
4. Prior to this, the NNPC had been making other deductions from oil revenues before remittance to the Federation Account which the FMF and State Finance Commissioners had been disputing. Two audit firms - KPMG and S S Afemikhe & Co. were contracted by FMF to "undertake a process and forensic review of NNPC, claims of indebtedness against the FGN by NNPC, and Review of Petroleum Product Subsidy Processes."
5. The two audit firms submitted their report to the FMF in the third quarter of 2011. The current ministers of Finance, and Petroleum Resources and the Presidency are fully aware of the key findings and recommendations which I will highlight.
6. Revenue leakages from Federation Account estimated at about N800 billion and their sources were identified for immediate corrective actions by FG.
7. Revenue leakages estimated at N1.2 trillion from the downstream sector operation of the NNPC including the "subsidy system" were also identified and reasons given.
8. The leakages largely arose because of the multiple and conflicting roles of the NNPC as agent as well as customer of the government of the Federation, enabling it to play games to the disadvantage of FG and the State governments. NNPC also makes claims against the FGN that no one is in a position to independently substantiate and verify.
9. At a period of generally high oil prices, about N1.6 trillion was paid as subsidy between January 2007 and June 2010, representing an annual average cost of N460 billion to the federation - i.e. FG and 36 state plus FCT! Why did it become N1.6 trillion in 2011 alone. What parameters changes? None.
10. The top ten marketers received 80% of the subsidy paid during the period. They are MRS (Sayyu Dantata), Oando (Wale Tinubu), African Petroleum/Zenon (Femi Otedola), Folawiyo Energy (Tunde Folawiyo), Aiteo Energy, Rahmaniyya (Yar'Adua's In-law To Be), Northwest Petroleum, Total, Sahara Energy (Tonye Cole) and Conoil (Mike Adenuga).
11. About 36% of purported stocks of refined and imported products for which subsidy of N296 billion was paid between 2007 and 2009 were questionable, and not available for sale to the public (i.e. non-existent!). The demurrage paid of US $198 million during the period was equally questioned. The Auditors provided the names of the companies involved in the imports, storage and demurrage issues. They include Addax, Sahara, MRS and Oando, among others.
12. Some product importers/marketers might have claimed subsidies using bills of lading with apparently altered dates (Lloyd, Dee Jones and Rahmaniyya). Pinnacle, and Sahara Energy got paid subsidies with questionable documentation. Mobil, Vitol and Northwest were thought to have claimed subsidies in spite of issues with their documentation, with FG losses estimated at nearly N5 billion.
13. The auditors identified and named 27 companies that apparently got overpaid subsidies by nearly N25 billion between January 2007 and June 2010. The minimum expected of FG here is to recover the money and prosecute the accessories to the overpayment.
14. The auditors made many recommendations to remedy the problems identified, the most fundamental being the need to enact the Petroleum Industry Bill to lay the solid foundation for the deregulation of the oil and gas industry.
The point is that there has been a systemic infrastructure of fraud, corruption and impunity in the fuel subsidy regime and everyone is aware who the potential and actual culprits are. An audit report has identified them.
· Why are they not being investigated, funds recovered and prosecuted?
· Is it easier to impose a tax on 167 million Nigerians than to deal with a handful of rich fat-cats?
This is a governance issue not one about economic policy only.
Leaders unwilling to sanction their friends are not fit to lead.
Leaders that rush to punish ordinary citizens for the fraud and greed of their friends are even worse.
This administration has exhibited both negative tendencies. We must go beyond the subsidy debate and demand accountability and good governance in public life. No more, no less.
We hereby call on the National Assembly to investigate the N1.3 trillion unappropriated funds paid out as subsidy in 2011, as admitted by the Federal Government, and take all the necessary actions to stop this haemorrhage in our economy before the nation bleeds to death.
CRITICAL INFORMATION 2
Budget 2012 contains Waste and conveys Wrongful Spending Priorities
1. The budget of N4.749 billion assumes an oil price benchmark of $70 a barrel, oil production of 2.45 million barrels per day and zero deduction from Federation Revenues for the fuel subsidy.
2. Yet, the budget contains a deficit of 2.77% of GDP. (The nominal GDP has been estimated by National Bureau of Statistics (NBS) to be about N36 trillion in 2011), so essential about N1 trillion of the budget is to be borrowed, or relies on exceptional income like privatization proceeds, loans and grants-in-aid.
3. Accordingly, out of the capital budget proposal of N1.32 trillion, only about N300 billion will be available from our federal revenues. If the "subsidy" is not withdrawn, the deficit will be even higher and the FG would then contravene the 3% cap on deficit in the Fiscal Responsibility Act 2007.
4. None of the so-called SURE projects have any NEW source of revenue to finance them other than what have been described above UNLESS:
(1) the oil price benchmark is raised above $70 or
(2) the Naira-Dollar exchange rate allowed to slide thus raising more Naira for the government.
Some examples of wasteful spending decisions are itemized below:
5. A review of the budget provisions of 21 out of 50 Ministries, Departments and Agencies revealed the following amounts for some recurrent and capital expenditure items:
· Travel - local and international N13 billion
·Stationery, Magazines, Newspapers, etc. N4.5 billion
·Maintenance of vehicles, furniture, etc. N17 billion
·Training N5 billion
· Fuel and Lubricants for cars, generators, etc N4 billion
· Miscellaneous: welfare packages, refreshments, meals, etc N9 billion
· Acquisition of Computer Software N2.5 billion
· Research and Development: whatever that means! N27 billion
6. The actual provisions in the budget would be at least twice these amounts, and total about N160 billion of waste. This amount is equal to the amount budgeted for the power sector!
7. Some examples of some of the wasteful spending under "Research & Development" are N2.498 billion for "citizen's call centres" under the Ministry of Communications & Technology, N1.2 billion in the Ministry of Agriculture to incorporate commodity marketing companies! The Ministry of Foreign Affairs wants to spend N322 million to acquire "computer software". This is very expensive software indeed!
8. A lot has already been written about the budgets in the Presidency. The following are some weird examples of what has been included in the State House (Villa) budget:
9. Overhead is about N7.2 billion, or about N20 million per day to keep our President and VP happy. Their local travel budget is N724 million or N2 million per day, including weekends, while their international travel budget ix N951 million or nearly N3 million per day.
10. The president's office has N285 million to hand out as "welfare package", N265 million to buy computers, N150 million to buy scanners, N161 million for buses, N295 million for new furniture, and N1.8 billion to "maintain existing furniture, office and residential quarters".
11. The intend to buy desktops for N300,000 each, laptops for N314,000 each and scanners for a whopping N190,000. The public address system in the President, VP's office and Banquet Hall will cost N150 million! The SGF wants to spend N65 million on tree planting. Note that planting a million trees in Abuja over 4 years cost the FCT Administration less than N50 million then!
Conclusion: There is a lot of waste, and misplaced spending priorities in the Budget which can be reviewed to free more funds to finance subsidies, capital investment and improved governance.
CRITICAL INFORMATION 3
Thursday, January 12, 2012 - Eso calls for withdrawal of NASS constituency allowances
A former Justice of the Supreme Court, Justice Kayode Eso (retd), has said the constituency allowances of the National Assembly members should be stopped while the bogus allowances of the executive arm of government should be drastically reduced to provide funds for provision of infrastructure and other social services for the masses.
If implemented, he said, there might not be a need for fuel subsidy withdrawal.
In a telephone interview on Wednesday, he said the money that would accrue from the constituency allowances and the executive allowances could be enough to sustain fuel subsidy.
Eso stated that constitutionally, members of the National Assembly should not be involved in the execution of projects in their constituencies, adding that the allowances of the executives were astronomically high.
He said the Federal Government and Nigeria Labour Congress and Trade Union Congress should go into the 'root cause' of lack of provision of basic amenities instead of fighting over subsidy withdrawal.
Eso said, “The allowances of the executives are incredible. They are more than the subsidy that are given to us for fuel. They should remove all the allowances. This is the time to look into everything and everybody will be happy
“They should remove the subsidy (i.e. constituency project funds) being given to the National Assembly. They have no right to have them. They are there to make laws and not to become contractors. The governors are there to take care of their states. If we have all that money, there will be less demand for subsidy to go.
“The governors are the people to do the project. Legislators have no right to do any project. We voted them in to make laws and not to execute projects. Who gave them assignment to execute projects? The Constitution does not permit them to do that. It is not part of their work. Their only work is to make laws and that applies to all legislators all over the world.”
Eso urged the Federal Government and the labour to holistically address issues hindering development in the country.
He said the problem of lack of infrastructure and good governance transcended fuel subsidy removal.
According to him, this is the time to fix Nigeria and tackle those challenges and concerns that have retarded national growth.
“What is important is that the Federal Government should go into the root of the whole matter. Why do we need the money when there is money somewhere that should not be there? We should find out the amount the subsidy will yield, how much are the members of the National Assembly taking as constituency allowances. We should find out that and see whether removal of subsidy is necessary at all.
“The immediate solution is for labour and FG to meet immediately and go to the root and not the surface. What they are attacking is just the surface.”
CRITICAL INFORMATION 4
We welcome the decision of PENGASSAN to shut down the oil wells by midnight tomorrow, Saturday. On our part, we will give you further information on our strategy before the close of today. Let it be clear to those who underestimate the will of our people and their resolve to kill corruption instead of allowing themselves to be killed by corruption, that there is no army strong enough to kill an idea whose time has come. Nigerians from all walks of life have regained their voices. We will, by God’s grace, continue and sustain this protest until the government sees reason to revert to N65.00. NO RETREAT, NO RE-THINK & NO SURRENDER. WE ARE PERSUADED THAT WE SHALL OVERCOME BECAUSE ‘THE TRIUMPHING OF THE WICKED IS SHORT AND THE JOY OF THE HYPOCRITE IS BUT FOR A MOMENT’ (Job 20:5).
Thank you. God bless you and God bless Nigeria.
Thanks for your writeup, I am
Thanks for your writeup, I am a Christian and I completely agree with you.
Until corruption is
Until corruption is completely tackled Nigerians need to stand tight and fight this battle. United we stand divided we fall. There is power in numbers so I'm happy to see the number of us standing together and we Will because we Can win.
corruption
from my own point of view, the first thing we need to address at this present situation is just the issue of corruption then every other follows
the so call animals in agbada should be dealt
with first.
No going back
Great nigeria,lf jonathan can not control this country is better for him to resign because no going back,even N65 is to much
No going back
Great nigeria,lf jonathan can not control this country is better for him to resign because no going back,even N65 is to much
GEJ to wean Nigerians to one pillar of democracy -Demonstration!
Tundemash/Femi Ola surprising U forget intuitively we're practicing DEMOCRACY & not democrazy we had between 1986 - 1999 when our dear MKO died, Gani Fawehinme and other radicals inclu, OBJ were detained all because they tried to criticise Gov! At least this admin has given U the chance to, not only criticise but to demonstrate at will yet U can’t see reasons! From your argument & if Bakare was in office he should pay up therefore making it even more easy for PDP to collect your said campaign money! In all, the govt is saying cut back on your consumption of fuel if U can & let us fix the Refineries thereafter U can see the complaint about subsidies in Nigeria! Besides, ‘Ojare/abokina’, am just expressing my opinion and not castigating U or Bakare; we know he is your man as usual! U don’t see reasons until it is too late! At least U can now demonstrate in Nigeria due to democracy in action as long as U & your group do it peacefully so that we can see what U mean!
I keep saying it; the Problems in Nigeria - in a Quandary!!
Tundemash/Femi Ola surprising U forget intuitively we're practicing DEMOCRACY & not democrazy we had between 1986 - 1999 when our dear MKO died, Gani Fawehinme and other radicals inclu, OBJ were detained all because they tried to criticise Gov! At least this admin has given U the chance to, not only criticise but to demonstrate at will yet U can’t see reasons! From your argument & if Bakare was in office he should pay up therefore making it even more easy for PDP to collect your said campaign money! In all, the govt is saying cut back on your consumption of fuel if U can & let us fix the Refineries thereafter U can see the complaint about subsidies in Nigeria! Besides, ‘Ojare/abokina’, am just expressing my opinion and not castigating U or Bakare; we know he is your man as usual! U don’t see reasons until it is too late! At least U can now demonstrate in Nigeria due to democracy in action as long as U do so peacefully so that we can see what is happening end of the Day, folks!
I keep saying it; the Problems in Nigeria - in a Quandary!!
Tundemash/Femi Ola surprising U forget intuitively we're practicing DEMOCRACY & not democrazy we had between 1986 - 1999 when our dear MKO died, Gani Fawehinme and other radicals inclu, OBJ were detained all because they tried to criticise Gov! At least this admin has given U the chance to, not only criticise but to demonstrate at will yet U can’t see reasons! From your argument & if Bakare was in office he should pay up therefore making it even more easy for PDP to collect your said campaign money! In all, the govt is saying cut back on your consumption of fuel if U can & let us fix the Refineries thereafter U can see the complaint about subsidies in Nigeria! Besides, ‘Ojare/abokina’, am just expressing my opinion and not castigating U or Bakare; we know he is your man as usual! U don’t see reasons until it is too late! At least U can now demonstrate in Nigeria due to democracy in action as long as U do so peacefully so that we can see what is happening end of the Day, folks!
Occupy Nigeria Till Thhey Change
I do wish that we can continue this protest not only until they revert fuel price to N65, but also until we see them correct all the over-appropriations in the proposed 2012 budget. The corruption in the land is disgusting. Scanners for nearly N200m for Presidency alone! Are they buying over 10,000 scanners? Oh my God.
Dicttor, n/s govnr Babangida aliu
Occupy nigeria we need ur presnt in niger st. To save niger st frm the hnd of dicttor & faro of our tym the govnr who subjct his pple to provty & continue lieying to the world that all is well wit his pple
Moreover, since evil thrives
Moreover, since evil thrives because good men and women fail to act, the good Muslims, who by the way, outnumber by far the few bad elements should as a matter of responsibility and obligation fish out the bad ones who are giving the Islamic religion a bad name. For example, I will definitely condemn in the strongest possible terms, and seriously assist the law enforcement agents to fish out any of my parishioners who goes unleashing mayhem on innocent people all in the name of Christianity. So, time has come for the many good Muslims to stop being afraid of the few bad ones, and use their numerical superiority to say enough is enough to these bad elements in their midst in a practical and pragmatic way.
May the name of the Lord be praised both now and forever.
Well Spoken My Brother
I'm a Nigerian catholic priest from the East but working in the Middle Belt. I simply want to commend the tune of your view. Keep it up!!! You are my brother, and not just you alone but all other truly God fearing Muslims and adherents of other religions because we are all sons and 'daughters' of One God the Father Almighty. Obnoxious extremists' activities of groups like the Boko Haram must always be roundly condemned though in a manner that does not suggest that all Muslims are evil because the truth is that there are very many good and truly God fearing Muslims all over the world. Perhaps, these good Muslims should do more to ensure the protection of non – Muslims in their midst since they are the primary targets of the extremists.
This Govt Is a Crime Syndicate
Looking at the budget breakdown above, i don't see any difference between Jonathan+his team, and the Mexican/Italian drug mafia. They're both criminals who spend money as if it's going out of fashion and are ready to draw blood anytime in order to sustain this.
But we shall take back our country from them.
#occupyNigeria #occupyNigeria #occupyNigeria
The Usual Suspects (Nigerian Untouchables)
From the article i can see that all the main players are well represented in the fuel subsidy scam: i.e Femi OTEDOLA, ALIKO DANGOTE & Dr. Oba Otudeko.
I hope Nigerian can remember that these men help collapse the Nigerian Stock Exchange as well with their insider trading. Nothing was done to them
After that they assisted in bankrupting the banking sector. Punishment: Nothing was done to them
Now, true to form, their name are all over the Fuel Subsidy scam. Punishment: Nothing will done to them (this is Nigeria after all)
I hope the trend spotter are watching.
PS: They all happen to be the GJ presidential advisory panel on the removal of fuel subsidy how convenient.
Boko Haram & Southerners
My fellow christian brothers especially from the south should understand that Boko Haram are EXTREMIST and cultists.
They kil both muslims and christians! On chrismas day the bombed a mosque in Maiduguri.I get angry when people portray them as things that Northern muslims are confortable with or tolerate.
They live among us but we hate them and are scared of them as the southerners.
That's why in recent protests muslims north identify with christians as brothers and went to the extent of providing protection to churches.
Please for avoidance of doubt do your research and find out about Islam. Its a religion of peace not killing innocent persons.
To wrap it up I want to tell you that when muslims were less than 100 and are being persecuted in Mecca, Prophet Muhammad as them to go to Abbasynia to a christian king who accepted them and give them refuge.
So please stop treating every northern muslim as a supporter of Boko Haram.
A Crowd Is Worth A Million Words
There is no point argueing with sycophants, this fraudulent government is gone forever, PDP cabal is broken. Nigerians can now look forward to true fresh air, not the contaminated "fresh air" crooks promised us. The facts are bare for all to see, anyone with opposing views should post a rebuttal. Bakare has acquitted himself eloquently and intelligently. The thugs must go before the common man can have a prayer about survival. Kudos! Nigerians. There had never been a doubt on my mind that Dumbo will blow himself up, this is history in the making and I urge one and all to keep the flag flying. Arab protests never garnered 2-million people, this is Great. Aborigines' prodigal fool is coming home, prepare the fattest pig!!!
All these money would have gone to the niger de;ta alone.
Le us split the country quick quick. Because all these money would have gone to the people of the niger delta. We should hurry up and divide the country--let everybody go to his state. The cheating is too much. Fuel subsidy or no fuel subsidy. The money is coming from the niger delta to the rest of nigeria. yet they would not let us rest. Ok what are the contributions of other states to the national purse? its zero. And they are the ones in charge of fuel import and making all theses noise-now way. Let us separate now.
u think nigeria is new york and london
We have taken d pains to dig out d phone numbers of d rich who won't let the poor live in Nigeria,including members of d Cabal, pls occupy their not so busy time through Text messages. stop tranferring your drug infested brians to us in nigeria-the protest is destroying everything --the area boys are killing us--
God help us
#occupy 9ja-revolution2012
@Vincent London: Smell the coffee, u can't trust this govt. (2)
- N97.95 million for extension/expansion of State House car parks (The more SUVs and cars you accumulate the more ground you need to park them in!)
- N36.88 million to rehabilitate presidential/ministerial chalet at the Nnamdi Azikiwe Airport, despite spending/budgeting N48 million for this last year
- N52.87 million to rehabilitate 10 presidential houses on Ibrahim Taiwo Street, Abuja, despite allocating/spending N101 million
- N530.57 million to rehabilitate the State House and Dodan Barracks, despite spending/allocating N628.64 million this year on the two properties
-N357.731 million for repairs and renovation of the administrative building at the Villa, despite allocating/spending N302.29 million on this last year
- N62.23 million for the rehabilitation of the banquet hall dome roof, despite allocating/spending N81 million on the roof last year.
- N992.57 million for feeding the president and the vice president
@Vincent London: Smell the coffee, u can't trust this govt.
@Vincent London
- N1billion to feed first family
- N280 million for two bulletproof Mercedes Benz saloon 600 E Guard at N140 million each
- N356.72 million for new vehicles in the presidential fleet
- 5 Mercedes Benz 350 (semi plain/partial bullet proof) at N25 million each, 10 jeeps (assorted – Range Rover, Prado and Land Cruiser) at N10 million each, and accessories for these vehicles will cost N25 million
- N57.43 million to upgrade facilities at the Presidential Villa
- N127.50 million to overhaul power generating sets
- N512.385 million to refurbish the family wing of the main residence
- N385.35 million for land reclamation at the State House Medical Centre
- N101.67 million for the rehabilitation of transformer substation in the villa
- N108 million for communication equipment at the Villa, Dodan Barracks and vice president’s guesthouse
@Charles Chima: Please read and get educated (3)
@Charles Chima
"We are on the threshold of change and God will judge any man who will sabotage it by false judgement or nepotism or ethnoreligious sentiment. God's covering.
"Change is coming to Nigeria""
I commend you on this last stateent of yours. Please do go to the rallies and make your voice heard. Raise the issue of true federalism and the BH killing. Those killed don't deserve to die; BH is responsible as well as the FG. BH is responsible because they are terrorists who ought to attack those oppressing them and not the oppressed. FG is responsible because they have neglected their responsibility as enshrined in section 2 of the constitution to provide security. The money for security has been embezzled. A man cannot be given 98% votes and he drinks ogogoro while those who voted for him get slaughtered. It is insane !
@Charles Chima: Please read and get educated (2)
@Charles Chima
"3. Why don't we include in our demands true FEDERALISM so that people feed on what they generate and not according to available oil revenue.?"
Tunde Bakare and co have done something now. What have you done aside passing negative remarks? YOU ALSO SHOULD STAND UP FOR "TRUE FEDERALISM" and make your voice heard. Go to the rallies and talk about true federalism.
"4. Why have you not demanded for the end of the slaughter of our brothers and sisters by Northern Muslims? As pastor TB knows; "... you shall not shed the blood of any man..."."
Same as 3 above. What have u done personally to protest the BH killings ? You want Tunde Bakare to cry more than the SE govs on the BH issue? Name one Igbo leader of note who has done anything tangible on the BH issue. They are all busy licking Jonathan's ass while you the masses blame Tunde Bakre for not protesting BH killing . Shou !!
@Charles Chima: Please read and get educated (1)
@Charles Chima
"1.Good information but where was TB, Falana, Odumakin etc when Tinubu/Fashola introduced the tolling of Lekki road which was built by Jakande and only repaired by Tinubu's group."
How does lekki toll gate affect the price of tomatoes in Aba or the price of cassava in Maiduguri. The FG is planning to re-introduce toll gate all over the country. Has anyone protested because of that? Please compare likes for likes.
"2. Why don't we occupy: Conoil, OandO, Sahara, Zenon/AP, Folawiyo, Rahmaniya,MRS etc? and insist that they make restitution to the federation."
Because those companies didn't sign social contract with the masses. It is the FG who signed a social contract with Nigerians at the April 2011 election. It is the FG who colluded with these companies to loot Nigeria's resources.
@Vincent Londo Re: Problems in Nigeria keeps recurring even with
@Vincent Londo
U claim " If I understand what is going on; The govt says it wants to withhold the 1.6 Trillion subsidies & in its place repair Refineries so that fuel products will now be available within Nigeria!@
No you don't understand it. In the first place there is no N1.6tr. It is inflated for PDP to fund the 2011 elections. But for argument sake, assuming there is N1.6tr, govt. is not withholding anything. Govt. is simply saying, Nigerians should pay that money to the oil marketers who are PDP party donors. I will analyse for you; before subsidy removal, oil importers sell at N140, Nigerians pay N65 and FG pay the balance of N75 (subsidy). After subsidy removal, oil importers still sell at N140, Nigerians pay N140 and FG pay zero(no subsidy). SO HOW HAS THE OIL MARKETERS/PDP DONORS LOST OUT? he masses not worse off? Vincent the question you need to ask is ; Diesel and kerosen has been deregulated for over 2yrs now, did any gain from it, it is even much more expensive now.
@Stanley Igwe, Deri and Ifeanyi4demo: Where re your facts and ?
@Stanley Igwe, Deri and Ifeanyi4demo
This is an opportunity, for you to either refute these facts by Tunde Bakare or table your own facts clearly as Pastor Bakare has done.
Let this be an intellectual discourse !!!
subsidy is awuf no get bone-it must end-states must luk inwards
The whole thing here does not make sense to me. Cause are we being told that if you budget 20 Naira for fuel in a month. And you now have to travel with your car from lagos to Warri to do a job, your own expenditure for petrol will not increase? The American CIA told us how some importers made gov pay as much as $300m for a job not done. Some importers were even paid without supplying the product to Gov. Others filled their tanks with water instead of petrol. Arrest them. Yes did Tinubu not go to court-what happened? Was he not set free? So how could the money budgeted for the purchase of fuel not go up-its stupid for anybody to ask these types of questions-because we had a steady supply of fuel in spite of the fac that, most of the importers were smuggling the fuel into niger republic, chad and mali for sale and at the expense of 9ja. Dont turn this into a yoruba/fulani affair biko. Let introduce fiscal federalism now! Subsidy is Awuf money no get bone-it must end-
very deep
I THINK THIS ARTICLE SUMMARIZES THE INNERMOST YEARNINGS OF EVERY NIGERIAN. COPY AND PASTE ON YOUR WALLS!!!!!!!!
RE: Mr Vincent London
To say the least and also with all the facts and figures laid down by Pastor Tunde Bakare I dare to say that Ɣ☺ΰ , Mr. Vincent London Ȋ̝̊̅§ a mad man and a man who Ȋ̝̊̅§ not fit to sojourn in the land of the living. Ɣ☺ΰ are better off six feet below than all the venoms of hell coming out of U̶̲̥̅̊я̲̅ U̶̲̥̅̊я̲̅ mouth. To hell with Ɣ☺ΰ sir.
BRAVO!! SNG
Ok, all you apologist for the so-called "oil subsidy" removal, here is your chance to refute any of the facts and figures laid out in this press release with your own facts and figures, otherwise PLEASE, save us your sanctimoniuous defense of the indefensable. Stop making excuses for this corrupt governmnet who is only looking for more avenues for access to more of the nations resouces while thier policies continues to impoverish the people they are supposed to lead. A leadership that must ask for sacrifices from its people must be willing also to make sacrifices.
Kudos to SNG for this exhaustive look into what the issues really are about in this struggle to save Nigeria from its parasitic rulers.

