Stats: 3,191,321 members, 7,943,796 topics. Date: Monday, 09 September 2024 at 02:32 AM |
Nairaland Forum / Nairaland / General / Politics / Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays (29169 Views)
Let ‘Responsible Citizens’ Carry Guns – Ortom Begs FG / Fuel Scarcity Looms As FG, Oil Marketers Disagree On Pricing / Oil Marketers To Shut Down ALL Loading Operations By Midnight (2) (3) (4)
(1) (2) (3) (4) (5) (Reply) (Go Down)
Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by whatofyou: 11:21am On Jan 04, 2018 |
GavelSlam: This country is slowly getting to full-time paralysis if we should put all our eggs into dangote's refineries; if the government doesn't know the fundermentals of what a nation ought to be then why not resign! What can one really boast that they have 'giftedly' gotten our government since time immemorial. |
Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by 7lives: 11:30am On Jan 04, 2018 |
whatofyou: What we need is more private refineries and an outright ban on fuel importations. All these THIEVING oil marketers should release their licences, go and do NEW business. No be BY FORCE to sell petroleum products na. |
Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by GavelSlam: 11:35am On Jan 04, 2018 |
7lives: Actually what we need would be more refineries and liberalization of the downstream sector. Complete deregulation. Should you ban imports the refineries would hold the country to ransom. Let them compete with imports and both sides would keep their prices low. 1 Like |
Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by whatofyou: 1:15pm On Jan 04, 2018 |
7lives: Even if we are trying to run Capitalism, government should know that there are sectors where private individuals can never be the backbone. As of now, government should revoke all the licences for importation of the constituents of crude oil, hand every importation to a reformed N.N.P.C., then renew its agenda of constructing refineries. |
Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by cyberguy72(m): 4:43pm On Jan 04, 2018 |
deenee:Sorry for being too harsh.But I was thinking you u would proffer a solution to the fuel quagmire.What do we do to remedy this situation.I for one think deregulation is the most sincere thing to do now.Something GEJ wanted implement then but for the massive protest by Buhari and his 40thieves gang.I know Bubu would never toe deregulation becos it wud seems like going back to his vomit. |
Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by deenee: 5:07pm On Jan 04, 2018 |
cyberguy72: Deregulation will not work in Nigeria. What a lot of people don't know is that fuel is the oxygen that drives the Nigerian economy. At this point govt cannot deregulate and leave the citizens at the mercy of the greedy fuel importers. If this is done there will be total chaos. First you need to understand that these importers work like a cartel and will use price to blackmail people just as they are using artificial scarcity to do same I know people will say AGO and DPK have been deregulated but truth is what is the market size for those that use these two products combined compared to PMS. In lay man's terms, how many people still use kerosene stoves? Most use gas now and there is even firewood as an alternative, also how people use diesel generators? If govt does not keep a close watch on fuel prices, there will be total chaos in the system. And the 145naira price was agreed using dollar conversion of 360naira to the dollar. Now they get dollar @ 305-306naira so it's ironic that they are screaming blue murder. They even get priority service when it comes to funding their Letters of credit. Imagine that last week Sunday you go to your barber and this week you repeat the same trip only to hear that cost of haircut has tripled because fuel price has also tripled. A lot of small businesses depend on fuel for sustenance and living the price at the mercy of importers is not advisable. I hear that the Govt has agreed to make dollar available to them @ below the previous rate of 305naira....let see which excuse they will bring up now. God bless Nigeria. P.S I will still reiterate that landing cost for PMS is not 171 naira because I have facts to back up my claim and for those that don't know NNPC is ideally meant to be aback up importer focusing on import only for strategic reserves which is what we have been enjoying since the hoarding and artificial scarcity started Instead of hammering on import only why can't they pull their resources together and build a modular refinery? Yet again I can't wait for Dangote to finish his refinery because I know that the refinery will be a game changer! 1 Like |
Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by Neoteny(m): 5:24pm On Jan 04, 2018 |
LionDeLeo: Read back what you wrote. Tax is and never was the issue. They just want to use tax waivers to alleviate their costs |
Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by ihatesycophant(m): 6:21pm On Jan 04, 2018 |
grandstar:But you misfired in your comment. Don't do that again. Let people always know from your comment that this is an intelligent fellow. |
Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by Gerrard59(m): 6:32pm On Jan 04, 2018 |
deenee: I greatly appreciate your treatise on economic issues. Right from the days of PE. However, at the bolded, what has made it difficult for Nigeria to provide constant electricity to her citizens? Like the poster you quoted, I also believe deregulation is the best thing for Nigeria at this stage. And yes, I agree with you that deregulating the sector now will usher in high prices of goods and services across the land because of petrol. Question is: Why can the government not be able to provide constant electricity? By then, I believe deregulation will be in order. Thanks. |
Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by grandstar(m): 6:35pm On Jan 04, 2018 |
ihatesycophant: I did not bother arguing because I know supporters of fuel subsidies are fueled by emotions and no argument for its removal will hardly be accepted. No point wasting energy there! |
Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by LionDeLeo: 9:14pm On Jan 04, 2018 |
Neoteny:And I ask again, how does my comment say otherwise? Pls point out the words that suggest so. |
Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by Vanpascore(m): 7:38am On Jan 05, 2018 |
Thank you for the enlightenment. omenkaLives: |
Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by omenkaLives(m): 7:47am On Jan 05, 2018 |
Vanpascore:Youre welcome. 2 Likes |
Re: Fuel Price: Oil Marketers Backpedal, Begs FG For Tax Holidays by deenee: 7:34pm On Jan 05, 2018 |
Gerrard59: Bro I wish I have the answers to why the power sector is comatose but I don't. Sometimes I even wish I can just wave a magic wand and gbam we have light but alas I am not God! What I can say is a lot of the problems we face today is as a result of cumulative years of decay and neglect on the part of both the government and citizens. Germany now generates about 40k megawatts from wind turbines and at some point were even paying people some form of incentives to use light. I also cried when i read this on bloomberg and just kept asking where we got it wrong as a country! China currently has the largest hydro electric power station in the world and the largest solar panel station too generating enough electricity to cater for their population twice. There is enough sunshine in the north for people to build solar panels on commercial scale but the moment this idea is brought to light we begin to analyze along tribal, ethnic and religious lines as to why the project should be sited in Akaw Ibom as against Borno or Kano and also how what is generated should be passed on to the national grid etc etc. We also politicize everything. I am aware that some Europeans came in 2014 to pitch to the government on some proposal to build commercial solar panel sites. They were ready to foot the cost of construction and maintenance and only asked government to put some legislation so people can buy solar panels at cheap prices and buy the units of electricity but the senate killed it for obvious reasons. The same people are making milestone achievements in Sudan and Ethiopia I pray God will open our eyes one day and God bless Nigeria 1 Like |
Plateau Comedian Omodan & MC Brabisco, Mimick Peter Obi & Tinubu (Video) / PDP Releases Press Statement On AIT Ban, Says It's Dangerous For Democracy / 2020 Budget: Zamfara Earmarks ₦1 Billion For Mosques, Renovation Of Cemeteries
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 45 |