By Ikenna Emewu
- Nigerians accept to suffer depending on who is involved
- Buhari protested in the streets against the N87 fuel pump price by Jonathan
- Tinubu protested against subsidy removal by Jonathan at N87
- Buhari and Tinubu told Nigerians there was no truth in subsidy, that it never existed and was a fraud created by Jonathan
- Factual sources say that our local refineries are deliberately left to rot because the people in power benefit personally from products import
- Removal of subsidy is effective and purposeful when it protects local refineries, but Nigeria has none
- Nigeria is the only OPEC country that doesn’t refine crude
- You can’t regulate price of products you don’t control the factors of their production. Our refined products are not done by us
- You must keep adjusting pump price when dependent on dollar and forex fluctuations since you refine abroad
- Refining within Nigeria will kill the Petroleum Equalization Fund fraud
- Stoppage of subsidy won’t stop the PEF fraud
- Major problem with our local refining is pipeline vandalism which has a solution when the pipeline is buried deeper in what they technically call horizontal deep drilling (HDD)
- Subsidy removal won’t stop individuals from owning oil wells, a major reason fraud rules in the oil sector
- Subsidy removal won’t make the government account for how $25 billion was wasted on refineries TAM between 2011 and 2021 before an Italian company was awarded a $1.5 billion contract for PH refinery maintenance in April 2021.
- Subsidy removal won’t justify or stop the government from wasting N10.1 billion in servicing 3 refineries that didn’t refine a drop of crude in 2020
- Subsidy removal won’t stop crude oil theft, an organized crime of the ruling class
- Subsidy removal won’t stop the fraud of diverting national resources into private pockets
- The major drain on the Nigerian economy is NOT fuel subsidy. It’s the theft and sharing of public resources by government agents without punishment
- If subsidy exists, it is the only incentive common Nigerians get from Nigeria
- No education subsidy
- No security subsidy
- No electricity subsidy
- No healthcare subsidy
- No infrastructure subsidy
- No manufacturing subsidy. The manufacturer provides everything for himself and pays taxes to the government.
The citizens provide all these for themselves while the government loots
These are verified facts we compiled to counter the lies.
Credits: https://africachinapresscentre.org/
