SUBSIDY REMOVAL? THE LIES SINCE MAY 2016

April 6, 2020,  @NNPCgroup GMD Mele Kyari appeared on Nancy Illoh  #MoneyLinewithNancy, declaring that  @NigeriaGov pays NO SUBSIDY or UNDER-RECOVERY on Premium Motor Spirit (PMS) (petrol), and won't resort to, going forward.

See video👇
2/ @MKKyari categorically told @nancyilloh that @NNPCgroup
will just be another player in the market space, saying, "we'll be there for the country to sustain security of supply at the cost of the market."

Note: This was on April 6, 2020.
2/ @MKKyari categorically told @nancyilloh that @NNPCgroupwill just be another player in the market space, saying, "we'll be there for the country to sustain security of supply at the cost of the market."Note: This was on April 6, 2020.
2/ @MKKyari categorically told @nancyilloh that @NNPCgroupwill just be another player in the market space, saying, "we'll be there for the country to sustain security of supply at the cost of the market."Note: This was on April 6, 2020.
2/ @MKKyari categorically told @nancyilloh that @NNPCgroupwill just be another player in the market space, saying, "we'll be there for the country to sustain security of supply at the cost of the market."Note: This was on April 6, 2020.
2/ @MKKyari categorically told @nancyilloh that @NNPCgroupwill just be another player in the market space, saying, "we'll be there for the country to sustain security of supply at the cost of the market."Note: This was on April 6, 2020.
3/ On April 6, 2020, Nigerians were told that subsidy/under recovery on PMS was gone forever. That was a lie.

@vanguardngrnews on August 30, 2020, reported that @NNPCgroup disclosed it paid N5.35bn as under recovery on PMS in June 2020.

See link- https://www.google.com/amp/s/www.vanguardngr.com/2020/08/fuel-subsidy-returns-as-nnpc-pays-n5-4bn-as-under-recovery/amp/
4/ On May 11, 2016, Buhari's admin steeply hiked petrol pump price from N87/litre that it met on May 29, 2015, when @GEJonathan handed-over to it, to N145/L, saying subsidy regime was not sustainable, as Nigeria was broke.

Buhari had always called subsidy payment on PMS a fraud.
5/ For over four years (May 11, 2016 to March 19, 2020), the Buhari admin sold petrol to Nigerians at a pump price of N145/L.

This period under review, Vice President @ProfOsinbajo lied to Nigerians that their admin had saved trillions of Naira from removal of subsidy on PMS.
6/ - News Direct (August 29, 2016):
Nigeria saved N1.4trn from removal of fuel subsidy- Vice President

- Vanguard (December 15, 2016):
Fuel subsidy removal: Nigeria saves N15.4billion monthly- Osinbajo
6/ - News Direct (August 29, 2016): Nigeria saved N1.4trn from removal of fuel subsidy- Vice President- Vanguard (December 15, 2016):Fuel subsidy removal: Nigeria saves N15.4billion monthly- Osinbajo
6/ - News Direct (August 29, 2016): Nigeria saved N1.4trn from removal of fuel subsidy- Vice President- Vanguard (December 15, 2016):Fuel subsidy removal: Nigeria saves N15.4billion monthly- Osinbajo
7/ CONFUSION: Did Buhari's admin totally or partially remove subsidy on PMS since May 2016, till date?

September 27, 2019, a PricewaterhouseCoopers (PwC) report revealed @NigeriaGov spent N1.12trn as electricity subsidy & another N1.2trn on petrol subsidy between 2015-2018.
8/ CONFUSION GALORE: April 6, 2018, @IbeKachikwu, then minister of state for petroleum resources, said subsidy on petrol costs the @NigeriaGov N1.4 trillion annually, a month after former NNPC GMD, late @DrMKBaru said FG subsidizes PMS with N774million daily.
8/ CONFUSION GALORE: April 6, 2018, @IbeKachikwu, then minister of state for petroleum resources, said subsidy on petrol costs the @NigeriaGov N1.4 trillion annually, a month after former NNPC GMD, late @DrMKBaru said FG subsidizes PMS with N774million daily.
8/ CONFUSION GALORE: April 6, 2018, @IbeKachikwu, then minister of state for petroleum resources, said subsidy on petrol costs the @NigeriaGov N1.4 trillion annually, a month after former NNPC GMD, late @DrMKBaru said FG subsidizes PMS with N774million daily.
9/ MORE CONFUSION: The Buhari admin loves bandying figures.

In an April 8 2020, @vanguardngrnews publication, Senior Special Assistant to the President on Niger Delta Affairs, Ita Enang, in a communiqué said @NigeriaGov spent N1.5 trillion on fuel subsidy in 2019.
10/ CONFUSE THEM MORE: Between March 2020 to September 2020, Buhari's admin has jerked petrol pump price from N121/L to N162/L, saying subsidy was gone for good, declaring that global crude oil price will determine domestic price of petrol.
11/ PERTINENT QUESTIONS: Amid the confusion galore, it has become imperative for @atiku to take the mantle of leadership as the face of opposition in Nigeria to ask:

1. Has the Buhari admin totally or partially remove petrol subsidy?

2. If yes, when exactly was it removed?
11/ PERTINENT QUESTIONS: Amid the confusion galore, it has become imperative for @atiku to take the mantle of leadership as the face of opposition in Nigeria to ask:1. Has the Buhari admin totally or partially remove petrol subsidy?2. If yes, when exactly was it removed?
11/ PERTINENT QUESTIONS: Amid the confusion galore, it has become imperative for @atiku to take the mantle of leadership as the face of opposition in Nigeria to ask:1. Has the Buhari admin totally or partially remove petrol subsidy?2. If yes, when exactly was it removed?
11/ PERTINENT QUESTIONS: Amid the confusion galore, it has become imperative for @atiku to take the mantle of leadership as the face of opposition in Nigeria to ask:1. Has the Buhari admin totally or partially remove petrol subsidy?2. If yes, when exactly was it removed?
11/ PERTINENT QUESTIONS: Amid the confusion galore, it has become imperative for @atiku to take the mantle of leadership as the face of opposition in Nigeria to ask:1. Has the Buhari admin totally or partially remove petrol subsidy?2. If yes, when exactly was it removed?
12/ PERTINENT QUESTIONS:

3. If yes, how much exactly has been saved thus far, since 2016 when VP @ProfOsinbajo boasted that the Buhari admin had saved trillions of Naira as a result of petrol subsidy removal?

4. What has @NigeriaGov done with the savings since 2016?
12/ PERTINENT QUESTIONS:3. If yes, how much exactly has been saved thus far, since 2016 when VP @ProfOsinbajo boasted that the Buhari admin had saved trillions of Naira as a result of petrol subsidy removal?4. What has @NigeriaGov done with the savings since 2016?
12/ PERTINENT QUESTIONS:3. If yes, how much exactly has been saved thus far, since 2016 when VP @ProfOsinbajo boasted that the Buhari admin had saved trillions of Naira as a result of petrol subsidy removal?4. What has @NigeriaGov done with the savings since 2016?
12/ PERTINENT QUESTIONS:3. If yes, how much exactly has been saved thus far, since 2016 when VP @ProfOsinbajo boasted that the Buhari admin had saved trillions of Naira as a result of petrol subsidy removal?4. What has @NigeriaGov done with the savings since 2016?
13/ PLAIN TRUTH

If you believe that the Buhari-led govt has deregulated the petroleum industry, thus, removing subsidy and allowing market forces to determine the domestic prices of PMS in Nigeria, then, you can as well believe that Buhari will make $1=N1 by May 29, 2023.
14/ In countries like the UK, Canada, U.S., et al, where oil industries are deregulated and ran by industry players, the Federal Govt don't announce price hikes or slashes.

In these countries, there is no uniform petrol pump price across States, Cities & Municipalities.
15/ CRUDE OIL: BLESSING NOT CURSE

Presently, Nigeria produces over 1m+ barrels of crude oil, daily.

A barrel of crude oil (158.978litres) gives the following below👇

If Nigeria's oil industry is truly deregulated, Nigerians won't buy PMS at exorbitant pump prices.

But when?
16/ END- Buhari & his goons should quit lying to Nigerians about petrol subsidy.

- He should sign the Petroleum Industry Bill (PIB), to attract more investment to Nigeria's oil industry.

- Another GSM Revolution is possible with its attendant job creation & economic growths.
16/ END- Buhari & his goons should quit lying to Nigerians about petrol subsidy. - He should sign the Petroleum Industry Bill (PIB), to attract more investment to Nigeria's oil industry. - Another GSM Revolution is possible with its attendant job creation & economic growths.
16/ END- Buhari & his goons should quit lying to Nigerians about petrol subsidy. - He should sign the Petroleum Industry Bill (PIB), to attract more investment to Nigeria's oil industry. - Another GSM Revolution is possible with its attendant job creation & economic growths.
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