Issorait

omenkaLives:
@ bold: Yet he claims to have passed through a university - how more impossible could that be!

@ Story :

I bet the marketers are finally satisfied making the abominable profits the set out to during the yuletide and are not ready to work with the government to stabilise the situation.

They understand the yuletide is the biggest holiday period in the country and would do whatever it takes to make a killing during such time. They understand even if the price at the pump is jacked up by a thousand percent, Nigerians would still patronise them!

The options being explored to resolve the lingering crisis today have always been on the table- tax holiday and special benchmark for fx. Why they make it sound as though they are novel intervention mechanisms is intended only to deflect blame from themselves.

It is a shame that a particular tribe and CAN tried to put an ethnic and religious colouration to the unfortunate situation which, ironically, didn't spare even the government itself (recall a governor purchasing at black market)!

It is well with Nigeria.

1.Tax holiday won't work....not when we aren't making enough from oil. We need all the tax revenue we can get,,....that's why Mr Fowler was appointed head of FIRS....

2.Deregulation is the answer.....yes prices shoot up, but at the end of the day, competition brings it down.And investment is going to flow in too.

They finally stopped playing politics and are now interested in solutions

Fraud

omenkaLives:
@ bold: Yet he claims to have passed through a university - how more impossible could that be!

@ Story :

I bet the marketers are finally satisfied making the abominable profits the set out to during the yuletide and are not ready to work with the government to stabilise the situation.

They understand the yuletide is the biggest holiday period in the country and would do whatever it takes to make a killing during such time. They understand even if the price at the pump is jacked up by a thousand percent, Nigerians would still patronise them!

The options being explored to resolve the lingering crisis today have always been on the table- tax holiday and special benchmark for fx. Why they make it sound as though they are novel intervention mechanisms is intended only to deflect blame from themselves.

It is a shame that a particular tribe and CAN tried to put an ethnic and religious colouration to the unfortunate situation which, ironically, didn't spare even the government itself (recall a governor purchasing at black market)!

It is well with Nigeria.

mtcheeeew!!!!

Can't we just build a refinery for God sake

Bro try and be sensible with ur comment, is buari the oil marketers that has been hoarding fuel or do u need sombody to tell ur maggot rottening brain that fuel scarcity in december had been reoccurring in the days of OBJ?

chomchom1:
confused government. president of zoo and blind followers. Sarki , Ngenekwu come and see ua president achievement. God please keep all man alive to harvest whatever he sow. Amen

fitzmayowa:
Subsidy payment continues...SMH

Is that what you understand from the post?

Another round of forex scam is about to start

Lol...Special Forex Rate? ���

Welcome to change people...the subsidy racket has started again.

Just watching in HD

An avenue for some to get rich. Why import fuel when you can engage in illegal forex deal? Some of them will ask. Good luck to Nigeria. APC is caught in their web of lies, they can't escape. They must always look for ways to sidetrack subsidy they once said doesn't exist.

omenkaLives:

@ Story :

I bet the marketers are finally satisfied making the abominable profits the set out to during the yuletide and are not ready to work with the government to stabilise the situation.

They understand the yuletide is the biggest holiday period in the country and would do whatever it takes to make a killing during such time. They understand even if the price at the pump is jacked up by a thousand percent, Nigerians would still patronise them!

The options being explored to resolve the lingering crisis today have always been on the table- tax holiday and special benchmark for fx. Why they make it sound as though they are novel intervention mechanisms is intended only to deflect blame from themselves.

It is a shame that a particular tribe and CAN tried to put an ethnic and religious colouration to the unfortunate situation which, ironically, didn't spare even the government itself (recall a governor purchasing at black market)!

It is well with Nigeria.

What happened during the yuletide was bound to happen as long as NNPC was the only entity importing PMS into the country. People travel more these periods and our daily consumption which we are not even so sure if it is 40 million litres will most likely double that period hence demand will most definitely exceed supply and scarcity will set in. This solution has always being proposed but the government said no as they are already granting special rates to marketers at #305/$ despite the marketers telling the govt that at that rate no one can sell at the regulated price of #145. Now lets wait and see the special rate that they will grant to marketers for PMS imports.

olalekan1:
Another avenue for hoarding forex

Round tripping you mean to say? Many of these marketers will sell the dollars in open market, make their spread and forget about importing fuel.

omenkaLives:
@ bold: Yet he claims to have passed through a university - how more impossible could that be!

@ Story :

I bet the marketers are finally satisfied making the abominable profits they set out to during the yuletide and are not ready to work with the government to stabilise the situation.

They understand the yuletide is the biggest holiday period in the country and would do whatever it takes to make a killing during such time. They understand even if the price at the pump is jacked up by a thousand percent, Nigerians would still patronise them!

The options being explored to resolve the lingering crisis today have always been on the table- tax holiday and special benchmark for fx. Why they make it sound as though they are novel intervention mechanisms is intended only to deflect blame from themselves.

It is a shame that a particular tribe and CAN tried to put an ethnic and religious colouration to the unfortunate situation which, ironically, didn't spare even the government itself (recall a governor purchasing at black market)!

It is well with Nigeria.

...simply ban unionism..that is costing nigeria alot

Fuel scarcity would reduce.

richeeyo:
Can't we just build a refinery for God sake

1.Dangote's refinery is under construction, and at 50% capacity it should be able to refine 350000 bpd of crude.

2.At least ten modular refineries should be ready in two years time.

3.Whether this means reduced PMS prices is another matter

jidemoh:

Round tripping you mean to say? Many of these marketers will sell the dollars in open market, make their spread and forget about importing fuel.

You make a very valid point.

I hope a system is put in place to ensure for every fx given for this purpose, the exact quantity of product is brought into the Nigerian market.

Against the backdrop of this hope lies the gnawing monster called CORRUPTION, which brings us right back to the number one problem of this country!

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The report found that as much as 70% of households saw their earnings drop in the past decade.

To put it bluntly: Those who had been taught to expect their wealth to grow as long as they obediently followed society’s path of choice, have learned that this promise is a LIE.

Look the reality is that the ruling minority is interested in having an obedient, loyal workforce practically enslaved by debt.

So if you chose to believe the lie and headed down this dead-end path... it’s NOT your fault. We’ve ALL been played.

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[s]

omenkaLives:
You make a very valid point.

I hope a system is put in place to ensure for every fx given for this purpose, the exact quantity of product is brought into the Nigerian market.

Against the backdrop of this hope lies the gnawing monster called CORRUPTION, which brings is right back to the number one problem of this country!

[/s]
claptrap

Now that they have cut peoples neck with price of transportation,God will judge you all

Will this solve the problem? I fear that the fuel marketers wil just port to forex black marketeering with this concession.

but government should be on the look out so they won't use it for their other businesses

Firefire:
Useless government full of fraudulent being.

Shame on Mohomodu Buhary

Shame on APC

Shame on the useless CHAIN-GE

Paid PDP social media "influencer",we know them.

They are paid to comment negatively always.Nothing comes good from the current FG.

For the sane minds,we know that this is the best short term term measure to curb the curse layed on us by the PDP 16yr misrule when Nigeria was "transformed" into petrol importing country.

Pesuzok:

Is that what you understand from the post?

ofcourse this concession given to the marketer is not different frm subsidy given that they are both borne by the govt.

How long with the "special forex" last? Looking for quick fix doesn't provide lasting solution to petroleum product shortage. Govt should get investors to buy our old refinery or build new ones.

Want to live your dream? Check out my signature.

When you have a confused goverment this is the result you get.
So reducing forex for them will solve the problem
ok.fools go ahead

Buhari has finished our country.
Subsidy has returned by the back door in the guise of special forex rate.
No wonder we have recession despite the trillions trillions of budget.
Too many forex leakage.

madridguy:
I'm with any policy that will put an end to this scarcity.

Fuel is scarce because NNPC were the sole importer of the product. They are all frauds.

Giving marketers the power to import is good. But it means deregulation. They have to determine the market price. We can only get it cheaper if competition becomes very intense among marketers.

But look again, Government were still trying to control price by subsidising dollar to avert paying direct subsidy. Those are errors. Too many flaws in an attempt to romantically lift burden off the shoulders of Government. It can't continue.

Freetech:
. What! I thought they were asking for tax holiday

Tax holidays or subsidised dollar is the same thing. This one is even better for them. Remove their beholding to the government so they can easily approach banks and be sure of recouping all their money from sales of the product rather than finish selling and then join the government queue for the balance of your fund called subsidy.

So the subsidy is finally shifted to dollars. Billions of naira will be lost , that wont be accounted for, in this new fuel / dollar subsidy regime. Criminals