Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,208,276 members, 8,002,130 topics. Date: Thursday, 14 November 2024 at 02:44 AM

Fuel Scarcity Looms As Oil Workers Give FG 7-Day Ultimatum - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Fuel Scarcity Looms As Oil Workers Give FG 7-Day Ultimatum (19848 Views)

Health Workers Give El-Rufai 48 Hours To Recall Sacked Nurses / SERAP Gives FG 7 Days To Release Details Of Payment Of ₦729Bn To 24.3m Nigerians / Ekiti Workers Give Fayose 14-day Ultimatum To Clear Unpaid Salaries (2) (3) (4)

(1) (2) (3) (4) (Reply) (Go Down)

Re: Fuel Scarcity Looms As Oil Workers Give FG 7-Day Ultimatum by gurunlocker: 10:19pm On Dec 02, 2018
They always find a way in which they will make more money during the festive period.


Corrupt people everywhere!!!

1 Like

Re: Fuel Scarcity Looms As Oil Workers Give FG 7-Day Ultimatum by Mursz: 10:20pm On Dec 02, 2018
Una don wan start this self saboteur movement for this December again ba?

Which kain country be this......
Re: Fuel Scarcity Looms As Oil Workers Give FG 7-Day Ultimatum by KanwuliaExtra: 10:20pm On Dec 02, 2018
APC and DEBT!
Owing everywhere as JUBRIL travels all over the world without AISHA! wink
Re: Fuel Scarcity Looms As Oil Workers Give FG 7-Day Ultimatum by eagleeye2: 10:21pm On Dec 02, 2018
Onwa December eru la

1 Like

Re: Fuel Scarcity Looms As Oil Workers Give FG 7-Day Ultimatum by theoldpretender(m): 10:26pm On Dec 02, 2018
NwaAmaikpe:
shocked



I am still waiting for the year when there will be fuel scarcity during Sallah celebrations.

How come it is only during Christian holidays like Easter and Christmas that scarcity looms?

Petrol or no petrol, South Easterners must find their way back to the village for Christmas.
We have a culture.
We have the money.
Justin and his brothers have failed.


Landing costs of fuel is 180 naira. Pump price is 145 naira. Fuel companies cannot do business at a loss. So, they have to go scarcity or problems start.

Meanwhile fuel costs much higher in neighborhood countries. Marketers earn profits by selling fuel across the border.

We cannot continue subsidy.
Re: Fuel Scarcity Looms As Oil Workers Give FG 7-Day Ultimatum by theoldpretender(m): 10:28pm On Dec 02, 2018
gurunlocker:
They always find a way in which they will make more money during the festive period.


Corrupt people everywhere!!!

Because selling fuel at 145 naira per liter when the cost of importing fuel is 180 per liter is profitable business?

Yeah, right. Many of you Nigerians won't agree if government did the same for your business, but you want then to do it for the fuel business
Re: Fuel Scarcity Looms As Oil Workers Give FG 7-Day Ultimatum by clems88(m): 10:31pm On Dec 02, 2018
Hmm I almost cried when I paid 4,500 for Calabar to Warri yesterday angry . I wonder what's happens
Re: Fuel Scarcity Looms As Oil Workers Give FG 7-Day Ultimatum by Nobody: 10:32pm On Dec 02, 2018
Buhari will pacify them, ApC cant have this now.

2 Likes

Re: Fuel Scarcity Looms As Oil Workers Give FG 7-Day Ultimatum by 88Gadas(m): 10:33pm On Dec 02, 2018
I just dey vex yet...
Re: Fuel Scarcity Looms As Oil Workers Give FG 7-Day Ultimatum by SEGLIZ: 10:38pm On Dec 02, 2018
this idiot won spoil this December for themselves and family members. of all the time of the year na now their devil invoke for their head to play tenten. shey na fg go suffer abi people devil punish this oil workers after the money wey them don thief.
Re: Fuel Scarcity Looms As Oil Workers Give FG 7-Day Ultimatum by cozy7(m): 10:40pm On Dec 02, 2018
VOTE OMOYELE SOWORE (AAC) FOR PRESIDENT 2019



OMOYELE SOWORE

1 Like

Re: Fuel Scarcity Looms As Oil Workers Give FG 7-Day Ultimatum by afonjay: 10:42pm On Dec 02, 2018
Oil workers use another avenue to get ur december allawis pls allow us enjoy our holiday.
Re: Fuel Scarcity Looms As Oil Workers Give FG 7-Day Ultimatum by Jombom: 10:44pm On Dec 02, 2018
NwaAmaikpe:
shocked

I am still waiting for the year when there will be fuel scarcity during Sallah celebrations.

How come it is only during Christian holidays like Easter and Christmas that scarcity looms?

Petrol or no petrol, South Easterners must find their way back to the village for Christmas.
We have a culture.
We have the money.
Justin and his brothers have failed.


How come you don’t have any Yoruba to disparage in you comment today ?
Re: Fuel Scarcity Looms As Oil Workers Give FG 7-Day Ultimatum by Uduakuduakobong(m): 10:44pm On Dec 02, 2018
If dem no go on strike every December, wetin dem gain?
Re: Fuel Scarcity Looms As Oil Workers Give FG 7-Day Ultimatum by theoldpretender(m): 10:45pm On Dec 02, 2018
kings09:
Oya APC goons. Come n defend ya buhari. These marketers no know say this govt can lie?
escapefromusa:


Nigeria Oil Workers Strike Over Inefficiencies, Corruption
December 16, 2014
https://www.voanews.com/a/nigeria-oil-workers-strike-over-inefficiencies-corruption/2560520.html

Well, guys, forget politics.

What has been happening is that government forces marketers to sell fuel at a subsidised price...aka price below the actual price...and they pay them the difference at the end of the year. (That's the N800million).

Problem is, over the years, government has been finding it difficult to pay that money....EVEN at high oil prices.

The simple solution...government stops setting the prices removes subsidy.....fuel shoots up above N200 per liter...and at the end of the day, most marketers money problems end...subsidy scams end, and things get better.

And government saves money.

2 Likes

Re: Fuel Scarcity Looms As Oil Workers Give FG 7-Day Ultimatum by ePrive(m): 10:46pm On Dec 02, 2018
Thank you for this annual reminder....time to go fill my drums. grin grin grin
Re: Fuel Scarcity Looms As Oil Workers Give FG 7-Day Ultimatum by rumaabk(m): 10:48pm On Dec 02, 2018
That is their usual style for making Nigerians suffer. For all while why December? Why not other months but December. Sometimes I don't blame govt for our problems but us. Last week I went to market and observed how traders were cheating on customers what I saw there seriously weakened me.
Re: Fuel Scarcity Looms As Oil Workers Give FG 7-Day Ultimatum by unitysheart(m): 11:06pm On Dec 02, 2018
kings09:
Oya APC goons. Come n defend ya buhari. These marketers no know say this govt can lie?

Did you read the part where they wrote debt inherited by the present administration?

1 Like

Re: Fuel Scarcity Looms As Oil Workers Give FG 7-Day Ultimatum by fortunechy(m): 11:11pm On Dec 02, 2018
Off course, Christmas � has reach.... this will do what they know how to do best
Re: Fuel Scarcity Looms As Oil Workers Give FG 7-Day Ultimatum by Oloripelebe: 11:13pm On Dec 02, 2018
Wizdude:
angry The Annual Madness is here again.
Brace yourselves people, this one may take another dimension


Sharrap there!


Ar u a jewish flatinoooo?
Re: Fuel Scarcity Looms As Oil Workers Give FG 7-Day Ultimatum by naijacentric(m): 11:15pm On Dec 02, 2018
theoldpretender:
Oil subsidy must go

The main problem is the 800million that has to be paid in subsidy claims, IE the 800million difference between the cost of fuel and the cost importing it.

There is a solution to the problem. Allow marketers sell fuel at the price they want to sell. Yes. Fuel will sell as high as 300 naira per liter. Yes, life will get hard, but there will be no scarcity, no subsidy scams, and crucially long term prices will fall.

Oil subsidy must go. Since 2006, even since 1993!
u want people to die of hunger abi do u know how tins would be hard its like u are very rich man pls have mercy on the common man too
Re: Fuel Scarcity Looms As Oil Workers Give FG 7-Day Ultimatum by Sammiejokes(m): 11:16pm On Dec 02, 2018
Hmmm this made me remember last year december fuel scarcity. I was in the filling station for good 12hrs to get fuel at oando close to Alapere ketu.
This year moti japa, no time to waste. Life is good.
Re: Fuel Scarcity Looms As Oil Workers Give FG 7-Day Ultimatum by Yemi7up: 11:27pm On Dec 02, 2018
hisgrace090:
There's nothing like oil workers, if anything bring scarcity this time it may be as a deliberates attempt by the fg to suffer the Christians on this exmass season
May God forgive, Jona is Christian and it was a norm during his governance during Christmas for us to experience scarcity. Please leave religion out of this.

3 Likes

Re: Fuel Scarcity Looms As Oil Workers Give FG 7-Day Ultimatum by RealityShot: 11:37pm On Dec 02, 2018
These wicked petrol station ownersare at it again! Why always organise revolt in December? why not revolt in May or June?
#iStandWithBuhari #BuhariTill2023
Re: Fuel Scarcity Looms As Oil Workers Give FG 7-Day Ultimatum by BoBLEGACY16: 11:38pm On Dec 02, 2018
Jason555:
Oil marketers on Sunday in Lagos gave the Federal Government seven-day ultimatum to settle outstanding debts totalling N800 billion, failing which depots would cease operation across the country.


The marketers, comprising Major Oil Marketers Association of Nigeria (MOMAN), Depot and Petroleum Products Marketers Association (DAPPMA) and Independent Petroleum Products Importers (IPPIs), said failure to meet the deadline would force its members to disengage workers from depots.

Confirming the seven-day notice, Mr Patrick Etim, Legal Adviser to IPPI told the News Agency of Nigeria (NAN) that banks have taken over investments and assets of oil marketers over unpaid debts.

According to Etim, marketers have no chcice that to ask their workers to stay at home over unpaid salary arrears due to huge subsidy debts owed by the government.

“The only way to salvage the situation is for government to pay the oil marketers the outstanding debts through cash option instead of promissory note being proposed.

“As I speak, nothing has been done several months after assurances received by government saying it would pay off the outstanding debts.

“The oil marketers have requested that forex differential and interest component of government’s indebtedness to marketers be calculated up to December 2018 and be paid within next seven days from the date of the letter sent to the government,’’ he said.

Etim said that several thousand jobs were on the line in the industry, as oil marketers began cut-down of their workforce due to inability to pay salaries.

“At the inception of the current administration, marketers engaged the government with the view to secure approval for all outstanding subsidy-induced debts handed over to the current administration,’’ he said. The counsel said that the current administration paid part of the debts with a substantial portion of the subsidy interest and foreign exchange differential still pending.

The Executive Secretary of DAPPMA, Mr Olufemi Adewole, also confirmed the seven-day ultimatum notice. Adewole disclosed that the oil marketers on Nov. 28 served the ultimatum letter on the Debt Management Office (DMO), Minister of Finance, Chairman, Senate Committee on Petroleum Downstream, Department of State Services and Minister of State, Petroleum Resources.

“We urge the DMO to process and pay marketers in cash for their outstanding forex differentials and interest component claims, together with the amount already approved by the Federal Executive Council (FEC) and the National Assembly.

“Marketers are not in a position to discount payment on the subsidy-induced debt owed as proposed by DMO.

“The expected payment is made up of bank loans, outstanding admin charges due to PPPRA, outstanding bridging fund due Petroleum Equalisation Fund (Management) Board and in a few cases AMCON judgment debts.

“We urge that the Federal Executive Council (FEC) approved payment instrument, (the promissory note) be substituted with cash and paid through our bankers to stop the avoidable waste of public funds through these debts accruing interest,’’ he said.

Source : https://www.collegegist.com.ng/p/274/breaking-fuel-scarcity-looms-as-oil-marketers-give-fg-7-day

Must marketers always wait for December to frustrate people's celebrations.
Re: Fuel Scarcity Looms As Oil Workers Give FG 7-Day Ultimatum by olawooro: 11:46pm On Dec 02, 2018
valuedammy:
This country called Nigeria, I don't know why we still exist as a country.
There is nothing wrong with the geographical entity, called Nigeria. It is the people thereof that something is wrong with.
Nigerians are naturally selfish people. Hence, it makes them to be wicked to one another. Nigerians are their own problems.
Re: Fuel Scarcity Looms As Oil Workers Give FG 7-Day Ultimatum by RealityShot: 11:48pm On Dec 02, 2018
theoldpretender:


Because selling fuel at 145 naira per liter when the cost of importing fuel is 180 per liter is profitable business?

Yeah, right. Many of you Nigerians won't agree if government did the same for your business, but you want then to do it for the fuel business
why wait till december to strike?

and all the sharp practices fuel dealers engage in, doesn't those give them the profit?
Re: Fuel Scarcity Looms As Oil Workers Give FG 7-Day Ultimatum by shevon: 11:49pm On Dec 02, 2018
December don reach, the yeye people don wan start their usual idiotic wahala. Na since when dem owe una this money whey be say na now una know say una go give ultimatum? Late we will say government is our problem.
Re: Fuel Scarcity Looms As Oil Workers Give FG 7-Day Ultimatum by theoldpretender(m): 11:49pm On Dec 02, 2018
naijacentric:
u want people to die of hunger abi do u know how tins would be hard its like u are very rich man pls have mercy on the common man too

The problem is for many years, the government has not been able to afford the payment of subsidy claims...the N800million owed includes debts from before the current government.

And as you know, there is a lot of fraud in the subsidy claims business.

Plus, it costs N180 to import one liter of PMS. Meanwhile markteters are forced to sell at N145 (Would you like it if the government forced you to sell at a price below what you bought it?)

If subsidy is removed, yes, prices will go up, BUT.....there would be more funds and crucially, more investment...which could lead to things like new refineries.Eventually....prices will FALL.

Look at the GSM business. When GSM came to Nigeria....a SIM cost N10000. People were shouting at government to control the price of SIM and the price of calling. Govt refused. The GSM companies made a lot of profit...which they were able to invest in better facilities.Over time, the service improved....and crucially, prices fell. (SIM now costs less than N1000).

And FYI...I am not a rich man. I commute a long distance to work.If subsidy goes, my fuel costs are going to shoot up. But I think it is a small price to pay to end a big drain on our economy.
Re: Fuel Scarcity Looms As Oil Workers Give FG 7-Day Ultimatum by olawooro: 11:50pm On Dec 02, 2018
theoldpretender:
Oil subsidy must go

The main problem is the 800million that has to be paid in subsidy claims, IE the 800million difference between the cost of fuel and the cost importing it.

There is a solution to the problem. Allow marketers sell fuel at the price they want to sell. Yes. Fuel will sell as high as 300 naira per liter. Yes, life will get hard, but there will be no scarcity, no subsidy scams, and crucially long term prices will fall.

Oil subsidy must go. Since 2006, even since 1993!
Are you a member of that evil group or association, abi whatever they call themselves?

(1) (2) (3) (4) (Reply)

PDP Crisis: Goodluck Jonathan Distances Self From Been Behind Aggrieved Govs / 14 Out Of 35 Ministers Attending FEC As Osinbajo Presides / We Hope Whatever Tinubu Is Hiding Won't Cause us some Heart Attack - Ibe

(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. 47
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.