Topic: DPR Interview; How did it go, guyz?

Originally Posted by debrown

Those giving economic arguments for or against fuel subsidy withdrawal miss the point totally. It is not about economics. It is about TRUST!The spending pattern & priorities of GEJ since 2010 is evidence of who he cares for and what.Under his watch, we increased our debt stock by about $20bn, ran down excess crude from $6bn to zero, FX reserves from $45bn to $ 30bn...... ...Under GEJ, Dollar exchange rate moved from >N140 to N160 today. Debt stock has doubled to higher than 2005 levels. Interest rates over 20%!And all this is while nearly 10 trillion Naira has been spent on government officials, trips abroad & perquisites/subsidies to politicians!Power supply improvement? Minimal. Jobs created? Zero. Transport Infrastructure? Zero. Agricultural output? Minimal. Private jets? Yes, lotsStationery, refreshment & snacks in the Presidency will consume about N2bn, with N1.6bn spent by GEJ & his VP in 2012. Does that make sense?Miscellaneous spending by the Villa alone totals N1.7bn for food, honorarium & something called "welfare packages" - another security vote!In the 2012 budget, NASS intends to spend N150bn on itself, the same amount as in 2011 to pay those huge allowances. It has NOT been reducedSo we will spend about N320m for every NASS member in 2012, as we did in 2011. Where is the shared sacrifice? Where is accountability?We must resist the N8,000 tax being imposed on every man, woman & child to fund the fuel subsidy & insist that FG cuts its own wastefulness!The issue with GEJ is simply that of trust. He has wasted huge financial resources & put us in debt in the last 20 months. We must be wary!We cannot trust with more money as he will only waste more of it. That is the issue & he can only earn that trust through small steps."- Nasir El Rufai, via twitter.

So I should believe el-Rufai? Of all people? Oh, now he knows government is wasteful? One thing you should know is this: anyone who once was in government (highly placed) mudslinging this President is obviously a member of the cabal he is even risking his reputation by not mentioning. This subsidy siphoning of collective wealth didnt start in May 2011. It a crime that has quietly been perpetuated over the decades, by dynasties of corrupt families. They have fed fat on this and I am speaking of collectively (over these years), trillions of dollars! They are spiteful now because it will put them out of business. I mean, look at the mudslingers: Prof Tam David West (former Petroleum Minister), el-Rufai (former FCT Minister), IBB (do I need to say any more?)

Its simple: remove major subsidies, save now, trim government, and be able to pay for tomorrow. We cant risk defaulting as a nation. Remove the fuel subsidy, let everyone bear the brunt for a year max, and let us depart from this era of our lives. The future will clearly be more transparent.

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