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January 11th, 2012
04:58 PM ET

Protests over fuel prices rise in Nigeria

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Filed under: Africa • backstory • Interviews • journalists • Nigeria
soundoff (50 Responses)
  1. Subsidy

    Consider this: The VP Sambo's newspaper budget for 2012 is =N=45 million. If you buy 40 newspapers per day, at =N=350 each for 366 days, you'd only spend =N=5,124,000. This is a govt that wants to cut spending. Mtsheww! Let's #OccupyNigeria. God's with us.

    January 11, 2012 at 6:59 pm | Report abuse |
    • Ataur

      Sounds like a plan! I wish mine was that scfeipic and busy but I am mostly going to be busy with blogging (yes, I FINALLY started one this week!) and painting, painting, painting! I also have a few workshops planned to attend. Sounds like you will be steadily working and that's a good thing!

      February 24, 2012 at 10:51 am | Report abuse |
  2. eshin

    A true Nigerian Should Read or Repost this... We have lost everything we met on the land. Cocoa, palm oil, groundnuts, cotton, cashew and rubber have been forgotten and are better produced by nations who came to learn from us. We have lost our moral compass, our society is fractured, our statehood is threatened. Our citizens are in all prisons around the world. Some of them prefer foreign prisons to coming back to Nigeria. Our passport is treated with disdain everywhere you present it. Why should our Senate Leader earn 600 million per annum? Why should our senators earn 30
    million per month? Why should our National Assembly gulp 1.2trillion naira per annum while we try to save 1.4 trillion from subsidy removal ? Why should our government be this big with special advisers on cassava and beans affairs? Do we need 36
    ministers? Why would our president spend close to a billion on food while close to eighty percent live on less than a dollar a day? Why should he budget a billion for generators and diesel when he is urging us to believe in his power sector reform? Why
    does our President need 6 private
    jets? Why do our governors move
    around with twenty-vehicle convoys while David Cameron has just two vehicles and one outrider? Why should our politicians keep their salaries when Obama slashed his? Why should we continue to be wasteful when the handwriting on the wall says “danger”? Why should we believe this government when it says the subsidy gain will be properly reinvested. If U̶̲̥̅̊ are against subsidy removal. Copy and repost, tweet, ping spread this d way U̶̲̥̅̊ can. Bad leadership and corruption must stop, This madness must stop, nobody will fight for us if we refuse to challenge our govt. We are not slaves. Solidarity for ever.

    January 11, 2012 at 7:01 pm | Report abuse |
  3. olalekan toheeb

    good luck or bad luck are they callin you we don't need you anymore

    January 11, 2012 at 7:04 pm | Report abuse |
  4. kemdi

    The truth is that fuel removal of fuel subsidy is good but Τ̲̅ђε timing is wrong masses are facing untold hardship, Τ̲̅ђε government are insensitive to the plight of the common Man. But most of this demonstration are sponsored by the oil cabal,ℓ̊ ve •̸ϞƔ facts

    January 11, 2012 at 7:05 pm | Report abuse |
  5. Awwal

    Iliketheidealofmrpresidentofnigeriabuthwsurethissubsidyremovewillworkatthiscurrentissue.Eginsecurityinthecountry

    January 11, 2012 at 7:08 pm | Report abuse |
  6. Subsidy

    "Stop Comparing Nigeria with Ghana on Subsidy Removal .

    In an oil rich country, deregulation without properly putting in place the conditions (working refineries, availability of basic infrastructures, etc) that make deregulation work is tantamount to punishing the masses!

    It may be good, but I’ll say it’s quite unfair comparing Nigeria with other countries when having this kind of argument. Among all the countries we are using as our standard, can someone here tell me the one(s) that do(esn’t) have all of the following:

    1. Stable electricity
    2. Fantastic healthcare system
    3. Excellent universities (remember in the past year a report reveals that over N152bn was paid as school fees by about 71,000 Nigerians schooling in Ghana! How many foreigners do we have in our universities?)
    4. Effective anti-corruption laws & adequate enforcement."

    January 11, 2012 at 7:18 pm | Report abuse |
  7. Musbau

    @kemdi, u better present ur facts or else, I will curse u... @awwal, what nonsense idea do u like?

    January 11, 2012 at 7:26 pm | Report abuse |
    • Ina

      Djhugs Posted on in Spanish=Adoncia sweetDamita little prcisensDorota God's giftLola strong womanInes-gentleMariposa butterflyPaloma DoveNeva covered with snowMelosa gentle,sweetRamona wise protecterSolana sunshineTia aunt,prcisensTierra earth,landYomaris i am the sunZerlina beautiful dawnSierra saw-tooth mountain range

      December 5, 2012 at 2:10 am | Report abuse |
  8. Subsidy

    CRUDE FACTS!!! By former Petroleum Minister David West. Lets save nigeria. 

    1) One barrel of Crude oil = 42gallons or
    159 litres

    2) Our Refineries (i.e 4) Installed
    (combined) capacity  = 445,000
    barrels per day

    3) Actual refineries capacity due to
    ageing equipment = 30% i.e. 133,500
    barrels per day
    .
    4) . 133,500 barrels = 21.2 million litres

    5) Local required consumption (F.O.S) =
    12millions litres

    6) It means that even our MORIBOND
    refineries can actually meet our local
    consumption need of petroleum.

    7) The cost structure of crude oil (i.e.
    Qua Iboe Crude Oil) production per barrel;
    – Findings / development – $3.5
    – Production cost              – $1.5
    – Refining Cost                 – $12.6
    – Pipeline/transportation  – $1.5
    – Distr/bridging fund Margin -$15.69

    8) True cost of one litre of petroleum
    anywhere in Nigeria;
    – Total sum cost per barrel = $34.8
    – 1ltr cost = $34.8/159 litres = $0.219
    – Naira equiv. 0.219xN160= N35.02k
    – Add Tax N5 + N35.02 = N40.02

    9) Let FGN refute the above composition
    and if not, they should tell us how
    they came about N65/litre.

    10) Locally refined products cannot be
    sold at International price.

    11) We really do not need FGN SUBSIDY
    as there was NONE in the first place.

    12) What is LACKING, is the WILL to
    enforce LAW ON CORRUPTION.

    January 11, 2012 at 7:26 pm | Report abuse |
  9. faith

    Subsidy was removed frm gas n diesel years ago yet W̶̲̥̅ξ ve not seen the infrastrcture W̶̲̥̅ξ were promised 4 dat,the govt knws the pple in the cabal that's been cheating nigeria 4 decades,they didn't tink of prosecuting them n collecting all the monies they ve been stealin since,they knw dat dis §ǻм̤̣̲̣̈̇ε cabal has been smuggling the §ǻм̤̣̲̣̈̇ε fuel dat nigeria has paid for out of  country thru our porous boders yet they ve done nothin abt it,they ve not even tot of questioning the director general of customs afterall he s been paid frm  national purse.

    Nw all of the losses they ve ncurred over the years as c∕̴Ɩ result of deir wastage and irresponsibity is bein put on the pple.
    They ve neva delivered on deir promises,hw do they want us τ̅☺ believe dat the moni gotten frm  removal of fuel subsidy is not goin into deir private pockets like it has been in the past.

    January 11, 2012 at 7:27 pm | Report abuse |
  10. kola Ayoola

    All this leaders are dealers,Petroleum Marketers are fighting back by exposing some of the subsidy deals.

    They say Nigeria must know that Haruna Momoh the MD of PPMC and Deziani Allison Madueke Minister for Petroleum has been demanding and pocketing N50 per litre of Kero and petrol produced by local Refineries since Jan 2011 till date. The reason they gave to marketers is that it was marketers contribution to Jonathan's election, but it has continued even after the elections.

    That the govt should probe Nezor SA and Tridax SA two companies owned by the Peroleum Minister run by her junior brother. This two companies in the last 16 month of her tenure has from nowhere become one of the few companies lifting crude oil and one of the largest beneficiary of the subsidy.

    The marketers want Nigeria to probe the new list of briefcase companies now lifting crude oil because they paid minimum of $1 million to Momoh and Deziani.

    I think we hv started seeing the real faces of the cabals!

    January 11, 2012 at 7:40 pm | Report abuse |
    • Osamah

      Where did you get mandatory hatelh insurance from?? Who is proposing that??? All I heard was a public OPTION. Do you know what an OPTION is??? It is a choice. Meaning if you want or need it, it's there. If you don't, then that's fine too. The president himself said that even with the public OPTION there would still be about 4-6% of Americans without insurance because they didn't CHOOSE to insure themselves. Nobody is mandating anything!!! If they were forcing hatelh insurance on everyone then it would be called a Public Mandate!!!! Come on people ..Think!!!!

      August 30, 2012 at 4:50 am | Report abuse |
  11. martins u

    I think this is a dumb government.overtime I have experienced subsidy in virtually every regime and their arguements have been same as that of jonatharn.now we want to see actions not promises.this is an assault on nigerians

    January 11, 2012 at 7:45 pm | Report abuse |
  12. Obaseddy

    This govt finished $33BILLION in our foreign reserves in less than 2 years without anything to show for it and they are asking us to give them N1.4TR Through paying more for fuel. How much is N1.4TR in Dollars? Just a lil above $8BILLION. Now, how does a govt that finished $33BILLION on nothing wants us to believe that they will build all the infrastructures that we have ever needed and provide all the jobs all our youths need with just $8BILLION. How many of the thieves that stole the $33BILLION has been arrested? Mr Tony Anenih who got N300BILLION to fix our roads and refused to do so is still Mr President's friend. Alameighsia (difficult spelling) a convicted criminal wines and dines with the presidency always. What changes have they made in the way things are done to show us that this money will be used better this time around? And what economic sense will tell me that 8billion will do what 33BILLION could not do? We say no 2 fuel subsidy removal and bad govt. Solidarity 4eva,strike continues.

    January 11, 2012 at 7:56 pm | Report abuse |
  13. tony

    Lots has been said, I honestly .*•.¸( *•.¸({}) :* ¸.•*´)¸.•*.
    «´¨`°•.◦ †нªηк'§ ◦.•°´¨`»
    ¸.•* (¸.•*´({}) :* `*•.,) our leaders Α̲̅я̩̥̊ε̲̣̣̣̥ greeD

    January 11, 2012 at 8:01 pm | Report abuse |
  14. kola Ayoola

    This govt finished $33BILLION in our foreign reserves in less than 2 years without anything to show for it and they are asking us to give them N1.4TR Through paying more for fuel. How much is N1.4TR in Dollars? Just a lil above $8BILLION. Now, how does a govt that finished $33BILLION on nothing wants us to believe that they will build all the infrastructures that we have ever needed and provide all the jobs all our youths need with just $8BILLION. How many of the thieves that stole the $33BILLION has been arrested? Mr Tony Anenih who got N300BILLION to fix our roads and refused to do so is still Mr President's friend. Alameighsia (difficult spelling) a convicted criminal wines and dines with the presidency always. What changes have they made in the way things are done to show us that this money will be used better this time around? And what economic sense will tell me that 8billion will do what 33BILLION could not do? We say no 2 fuel subsidy removal and bad govt. Solidarity 4eva,strike continues.

    January 11, 2012 at 8:24 pm | Report abuse |
    • Kim

      Hi, can I just take issue with one statement you make: A ttaiirdonal publisher pays the writer. They take care of all of the expenses, which is why they get a big chunk of the sales. Some writers exchange being paid an advance by an e-publisher in order to get a higher royalty rate (usually about 35%). But those writers don’t pay the e-publisher, ever. I've worked for large trade publishers and book packagers, and this year founded an independent publishing house working on similar terms to HarperStudio. I believe there are no longer hard and fast lines between the various publishing models; there is a continuum ranging from ttaiirdonal to self-publishing and everything in between. But the idea that an author doesn't pay' a ttaiirdonal publisher? They may never write a check, but the author receives less revenue because the publisher takes the upfront risk and pays for production, marketing and distribution. So in a sense, the author does pay. Every time. Which is not to say that is unfair, or theft, or deception it's just that these functions happen and someone has to pay, whether the author sees the money go out of their account or not.

      October 3, 2012 at 8:10 am | Report abuse |
  15. achir

    What happen to #billions meant for Abuja light rail/train,NIPP,FERMA road project,etc? Proverbs to bone & silence.

    January 11, 2012 at 8:55 pm | Report abuse |
    • Aneesa

      Dilemma Time Posted on Since choosing a name is a very poesrnal and emotional experience, which will effect someone's entire life, I don't really think Yahoo! Answers is the best place to start asking since you're going to get a lot of off-color responses. Nonetheless, here's a few ideas: MeadowPrairieWillowSoulchildStarchildAny astrological symbolWhite Rabbit (there's a joke in this one)Herbert (there's a joke in this one, too)FreshairEarthSoilWaterFireOxygenIf your goal is to be creative, then be creative (I guess).

      December 5, 2012 at 3:07 am | Report abuse |
  16. Tunde

    1.2 trillion subsidy for a whole year, equal amount will be lost just in 4days of Nationwide strike. I wonder if these people in Government think at all!

    January 11, 2012 at 9:12 pm | Report abuse |
    • Chs

      Juan Gomez August 17, 2011 From now on, I’m gonna try and sum up Kate’s date experience in 5 words or less so you won’t have to read thguroh all that stuff, kind of a condensed Cliff notes. This one is easy:Chuck – Buck Naked On Bed. Next!

      October 1, 2012 at 3:35 am | Report abuse |
  17. Awwal

    KemdiidonotsupporttheremoveloffuelsubsidybeveryNigerianeedtohavebetterjobNasucanseenowtherthelevelofporvertyinthiscountryingoinghigher!!!Idonotsupporttheremovelofsubsidybtiliketheidear

    January 11, 2012 at 10:51 pm | Report abuse |
  18. bemight

    Jonathan spent our oil reserve in the tune of $33b in the PDP presidential primaries. A delegate was given $5,000. We saw everything. N.O. Iweala doesn't know anything about the 9ja economy,she should pls resign. She's from havard agreed,but she wasn't tot anything about African/Nigerian economy.

    January 11, 2012 at 11:15 pm | Report abuse |
    • Francisco

      13. Even the N800 billion Sanusi Lamido is arelady telling them it is not sufficient. They should be ready to waste our time and money again to investigate why the N800 billion was overspent because they are the same people that will play to the gallery and advice government against subsidy removal.Think and ask questions Nigerians.

      June 18, 2012 at 5:19 am | Report abuse |
      • Luana

        The opening of the diuosssicn, in a meaningful way is a good thing.Chopping off the Bloc funding as a DISCRIMINATION ISSUE is a very good one nomdeblog. Of the many Gems that I've heard on here, that one takes the cake. Someone that posts on Blogging Tories get it out there. I'll fire something off for SDA.While I agree that the future is uncertain and there are good things that could happen and also bad things. The measure of good men is that they have faith in their abilities to deal with what ever comes their way, but at least it's their way .VA:F [1.9.11_1134]please wait...VA:F [1.9.11_1134](from 0 votes)

        August 27, 2012 at 10:51 pm | Report abuse |
  19. Subsidy

    Why was Obasanjo able to pay off our national debt worth billions of dollars while retaining fuel subsidy?
    Why was Obasanjo able to build up our foreign reserves into billions of dollars while subsidy was still on?
    Why did Obasanjo still launch some projects, like satellite, while subsidy was on?
    Why was subsidy money in the billions while others were in government but went into trillions just few months into Jonathan`s government?
    Why were the implicated subsidy beneficiaries(oil cabals) not punished by Jonathan?
    Let me stop here. Let the Government answer these questions satisfactorily.

    January 12, 2012 at 8:06 am | Report abuse |
  20. Subsidy

    This Govt finished $33BILLION in our foreign reserves in less than 2years without anything to show for it and they are asking us to give them N1.4TRILLION through paying more for fuel. How much is N1.4TR in Dollars? Just a little above $8BILLION. Now, how does a Govt that finished $33BILLION on nothing wants us to believe that they will build all the infrastructures that we have ever needed and provide all the jobs all our Youths need with just 8BILLION. How many of the thieves that stole the 33BILLION have been arrested? Mr. Tony Anenih who got N300BILLION to fix our roads and refused to do so is still Mr. President's friend. Alameighsia (difficult spelling) a convicted criminal wines and dines with the Presidency always. What changes have they made in the way things are done to show us that this money will be used better this time around? And what economic sense will tell me that 8BILLION will do what 33BILLION could not do? We say NO to Fuel Subsidy and BAD GOVT!

    January 12, 2012 at 8:17 am | Report abuse |
  21. sanya

    We have lost everything we met on the land. Cocoa, palm oil, groundnuts, cotton, cashew and rubber have been forgotten and are better produced by nations who came to learn from us.

    We have lost our moral compass, our society is fractured, our statehood is threatened. Our citizens are in all prisons around the world. Some of them prefer foreign prisons to coming back to Nigeria. Our passport is treated with disdain everywhere you present it.

    Why should our Senate Leader earn N600 million per annum? Why should our senators earn N30
    million per month? Why should our National Assembly gulp 1.2 trillion naira per annum while we try to save N1.4 trillion from subsidy removal? Why should our government be this big with special advisers on cassava and beans affairs? Do we need 42
    ministers? Why would our president spend close to a billion naira on food while close to eighty percent live on less than a dollar a day? Why should he budget a billion naira for generators and diesel when he is urging us to believe in his power sector reform? Why
    does our President need 6 private
    jets? Why do our governors move
    around with twenty-vehicle convoys while David Cameron has just two vehicles and one outrider? Why should our politicians keep their salaries when Obama slashed his? Why should we continue to be wasteful when the handwriting on the wall says “danger”? Why should we believe this government when it says the subsidy gain will be properly reinvested?

    January 12, 2012 at 9:22 am | Report abuse |
  22. Manjeev

    Well short term thinking could inuclde the Conservatives having trouble raising funds after a loss and wishing they had the $1.95 themselves.Better at raising funds now doesn't mean better at raising funds forever than the opposition Parties.Starving the Liberals, the Greens and especially the BLOCK of funds they can't raise themselves seems like fun now but longterm I'm not sure what is the best and fair way to support political Parties ? The sink or swim of raise your own damn funds does have some appeal, and very much for the BLOCK as they don't currently seem to have any party members willing to donate to them.I'm just playing devils advocate and although I don't always or often agree with Stageleft he does make interesting arguments and keeps this place from just being an echo chamber of similar views. I think we all often disagree on this site but usually avoid making it personal.VA:F [1.9.11_1134]please wait...VA:F [1.9.11_1134](from 0 votes)

    August 27, 2012 at 6:10 pm | Report abuse |