It appears the lingering fuel scarcity will soon come to an end as the Federal government has approved the release of N407.07 billion as subsidy payment to oil marketers. A statement from the Minister of Finance Kemi Adeosun released today, states that the money will be used to pay up subsidy arrears as well as pay up subsidy for the year 2015.
Posted: at 9-12-2015 10:51 PM (9 years ago) | Gistmaniac
nametalkam at 9-12-2015 11:53 PM (9 years ago) (m)
Gosh, some freaking great news to end the night with, imagine everything been crashing since last month
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Posted: at 9-12-2015 11:53 PM (9 years ago) | Addicted Hero
Whaooo,,, this is a great news ever. am so happy to hear this great news. Atlast we are ending this suffrng frm past few mnth ago nw, thanks to president buhari.
Posted: at 10-12-2015 12:58 AM (9 years ago) | Hero
Whaooo,,, this is a great news ever. am so happy to hear this great news. Atlast we are ending this suffrng frm past few mnth ago nw, thanks to president buhari.
Posted: at 10-12-2015 12:59 AM (9 years ago) | Hero
Good news but waste of resources. That money could have been use for infrastructure. This will continue until the refineries are working to full capacity. The present administration has to make the refineries work Or stop the subsidy and use the money on salary increase. l might be wrong but this is what l think. The economist can help better THIS DIRTY DEAL OF SUBSIDY NEED TO STOP
Posted: at 10-12-2015 06:07 AM (9 years ago) | Gistmaniac
DAMILARE100 at 10-12-2015 09:49 AM (9 years ago) (m)
Why did it take so long in the first place? Must we suffer before the needful are done? Anyway, am not surprised because it took five months to select Audu ogbe, Ameachi, Fashola and co as Ministers
Posted: at 10-12-2015 09:49 AM (9 years ago) | Gistmaniac
DAMILARE100 at 10-12-2015 09:55 AM (9 years ago) (m)
Quote from: legunsen dare on 10-12-2015 06:07 AM
Good news but waste of resources. That money could have been use for infrastructure. This will continue until the refineries are working to full capacity. The present administration has to make the refineries work Or stop the subsidy and use the money on salary increase. l might be wrong but this is what l think. The economist can help better THIS DIRTY DEAL OF SUBSIDY NEED TO STOP
Providing adequate refineries is a laudable idea and i subscribe to it, but removal of subsidy would cause famine in the land considering fluctuation is payment of N18k minimum wage by States. When subsidies are removed, lot of things go higher in price.
Posted: at 10-12-2015 09:55 AM (9 years ago) | Gistmaniac
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