Nigeria Fuel Subsidy; So Much Ado About Nothing - Bakare

Latest Subsidy News; Gov't Doesn't Need To Subsidize Fuel - Bakare

5slate.blogspot.com

Pastor Tunde Bakare

Cost of subsidy borne by the government: In 2011 alone, government claimed to have spent N1.3 trillion by October – the bill for the full year, assuming a constant rate of consumption is N1.56 trillion. Consequently, the true cost of subsidy borne by the government is: Total cost of importation minus total borne by consumers, i.e. N1.75 trillion minus N807 billion = N943 billion.

Unexplainable difference: N617 billion. The Federal Government of Nigeria cannot explain the difference between the amount actually disbursed for subsidy and the cost borne by Nigerians (N1.56 trillion minus N943 billion = N617 billion)....

presidential spokesperson, Dr Reuben Abati - Resigned

Has The Presidential Spokes Person ; Dr Reuben Abati - Resigned


presidential spokesperson, Dr Reuben Abati


Just some hours ago, news broke and filtered the internet that presidential spokesperson, Dr Reuben Abati, has finally resigned from office.

According to earlier reports, the former Guardian Newspaper editorial board chairman was reported to have left office owing to the recent spate of protests accross the country over the removal of fuel subsidy by his boss, President Jonathan, on January 1, 2012.

According to an online portal report, Reuben has debunked his resignation rumour when a call was put through to him, saying it is just a blackmail.

Guys! Guys!! look for a more lucrative rumor topic. 9ija man, resign, for wetin. That guy sounds wafi for that matter. This is the time when Ghana must go roll around. So why do you guys wish him bad luck. So that he will miss his portion of the national cake?........