DEFINITION: To subsidise is to sell a product below the cost of production.
Since the Federal Government has been secretive about the state of our refineries and their production capacity, we will focus on importation rather than production. So, in essence, within the Nigerian Fuel Subsidy context, to subsidise is to sell petrol below the cost of importation.
The unsubstantiated claims of the Federal Government: The government claims that Nigerians consume 34 million litres of petrol per day. The government has also said publicly that N141 per litre is the unsubsidised pump price of petrol imported into Nigeria. (N131.70 kobo being the landing price and N9.30 kobo being profit.)
Wednesday 18 January 2012
Tuesday 17 January 2012
SNG’S PRESS STATEMENT: "NEVER AGAIN!!!" (A Must Read)
TEXT OF A PRESS CONFERENCE BY SNG (Save Nigeria Group) AND ALLIES ON THE CITIZENS ACTION AGAINST CORRUPTION AND BAD GOVERNANCE
TUESDAY 17TH JANUARY, 2012 AT THE SNG SECRETARIAT.
Gentlemen of the Press,
Distinguished Ladies and Gentlemen,
(1 minute silence in honour of all our fallen heroes, past and present)
The general strike and citizens action which followed the January 1, 2012 on 117 percent increase in the pump price of Petroleum Motor Spirit (PMS) has proved a defining moment in the history of our country and one from which the correct lessons must be learnt and matters arising squarely dealt with in order to deepen our democracy and ensure that our country is never run again in the old way.
TUESDAY 17TH JANUARY, 2012 AT THE SNG SECRETARIAT.
Gentlemen of the Press,
Distinguished Ladies and Gentlemen,
(1 minute silence in honour of all our fallen heroes, past and present)
The general strike and citizens action which followed the January 1, 2012 on 117 percent increase in the pump price of Petroleum Motor Spirit (PMS) has proved a defining moment in the history of our country and one from which the correct lessons must be learnt and matters arising squarely dealt with in order to deepen our democracy and ensure that our country is never run again in the old way.
Wednesday 4 January 2012
Fuel Subsidy: For The Greater Good?
Its no longer news that the Nigeria Federal Governments Subsidy on Petrol has been removed. What's news is the citizens reality of its removal, their actions, rants nd jokes emanating form the removal.
Forgive me for my lack of manners but the issue at hand is one that can 'make' or 'break' a nation. Just like in Libya, it all started with a tweet but I wonder if Nigerians are brave enough to tread the part of Libya.
By this, I don't mean Nigerians are cowards, but somehow, Nigerians have been groomed to believe in the saying 'when there is life, there is hope' and knowing that a protest might end up like that of "Lekki toll-gate" or more still, turn out to be just like every other protest which at the end of the day, the government will employ dialogue with no result to show for it while we all go home and comply.
Forgive me for my lack of manners but the issue at hand is one that can 'make' or 'break' a nation. Just like in Libya, it all started with a tweet but I wonder if Nigerians are brave enough to tread the part of Libya.
By this, I don't mean Nigerians are cowards, but somehow, Nigerians have been groomed to believe in the saying 'when there is life, there is hope' and knowing that a protest might end up like that of "Lekki toll-gate" or more still, turn out to be just like every other protest which at the end of the day, the government will employ dialogue with no result to show for it while we all go home and comply.