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Nairaland Forum / Nairaland / General / Politics / Petrol Landing Cost Hits ₦216, Daily Subsidy Now ₦4.64 Billion (12239 Views)
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Petrol Landing Cost Hits ₦216, Daily Subsidy Now ₦4.64 Billion by Officialhorlah(m): 4:03am On Apr 21, 2021 |
The landing cost of Premium Motor Spirit (petrol) imported into Nigeria has jumped to N216.31 per litre on the back of the recent increase in global oil prices and the depreciation of the naira against the dollar. https://punchng.com/petrol-landing-cost-hits-n216-daily-subsidy-now-n4-64bn/
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Re: Petrol Landing Cost Hits ₦216, Daily Subsidy Now ₦4.64 Billion by Toosure70: 4:10am On Apr 21, 2021 |
Very soon my region will not spend naira again. If it like let the landing hits 1000naira. 20 Likes 2 Shares |
Re: Petrol Landing Cost Hits ₦216, Daily Subsidy Now ₦4.64 Billion by EKONGKING: 4:31am On Apr 21, 2021 |
By the end of Buhari aka mr integrity rule,Nigerians will be begging for satan to rule them. Satan is a infant compared to the horror of this presidency. 80 Likes 6 Shares |
Re: Petrol Landing Cost Hits ₦216, Daily Subsidy Now ₦4.64 Billion by dikeigbo2(m): 4:37am On Apr 21, 2021 |
a giant petroleum exporting nation without a single functional refinery.....you export all the goodies in petroleum and import finished products.....i wonder how SHAMEless the country's representative(s) feels at any OPEC gathering.....1.5billion usd for ordinary maintenance and counting 73 Likes 3 Shares
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Re: Petrol Landing Cost Hits ₦216, Daily Subsidy Now ₦4.64 Billion by ivandragon: 4:45am On Apr 21, 2021 |
Deregulate fully, but do it properly... Eliminate or drastically reduce extraneous charges. Review the financial policy & structures. As much as crude prices are rising, a key price determinant is the exchange rate. Keep the rate low & fuel prices will also be low... 5 Likes |
Re: Petrol Landing Cost Hits ₦216, Daily Subsidy Now ₦4.64 Billion by adash101: 4:53am On Apr 21, 2021 |
This is a result of bad and inept leadership. 11 Likes |
Re: Petrol Landing Cost Hits ₦216, Daily Subsidy Now ₦4.64 Billion by PureMe01: 5:00am On Apr 21, 2021 |
ivandragon: APC zombie don dey speak grammar.You never see anything you 97% ![]() 87 Likes 5 Shares
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Re: Petrol Landing Cost Hits ₦216, Daily Subsidy Now ₦4.64 Billion by harmargedon: 5:02am On Apr 21, 2021 |
4 .64 bill daily, nawa for some people self. 1 Like |
Re: Petrol Landing Cost Hits ₦216, Daily Subsidy Now ₦4.64 Billion by ivandragon: 5:11am On Apr 21, 2021 |
PureMe01: Where did you crawl out from? 1 Like 1 Share |
Re: Petrol Landing Cost Hits ₦216, Daily Subsidy Now ₦4.64 Billion by PureMe01: 5:14am On Apr 21, 2021 |
ivandragon:from one brown roof in Oshogbo but I'm on my way to Benin Republic now.Watery beans has finished in the camp,they need more.So I want to help with the one plate I have here 61 Likes 2 Shares |
Re: Petrol Landing Cost Hits ₦216, Daily Subsidy Now ₦4.64 Billion by SmartPolician: 5:16am On Apr 21, 2021 |
A country that virtually runs on petrodollar, yet it cannot boast of one functional refinery and now the entire country has to wait for Dangote to start refining crude oil locally. Buhari has been borrowing money to construct railways - something we can do without - leaving the most critical aspects of the economy, electricity and the downstream sector. The oldie has headed the petroleum ministry since the inception of his administration. The NNPC cannot boast of one fully functional refinery, the corporation keeps paying staffers for doing nothing, and every year it incurs huge debt. Please what has Buhari achieved as the petroleum minister? 62 Likes 6 Shares |
Re: Petrol Landing Cost Hits ₦216, Daily Subsidy Now ₦4.64 Billion by Pmpm: 5:33am On Apr 21, 2021 |
Omg |
Re: Petrol Landing Cost Hits ₦216, Daily Subsidy Now ₦4.64 Billion by Luckydubby7(m): 5:39am On Apr 21, 2021 |
Hmm |
Re: Petrol Landing Cost Hits ₦216, Daily Subsidy Now ₦4.64 Billion by longetivity(m): 5:51am On Apr 21, 2021 |
Bubu, what have we done to deserve this wickedness ![]() 5 Likes 1 Share |
Re: Petrol Landing Cost Hits ₦216, Daily Subsidy Now ₦4.64 Billion by Racoon(m): 5:53am On Apr 21, 2021 |
"Who is subsidising what? Subsidy is a scam.Subsidy is corruption." -Buhari.See them! When DPR cant give an accurate estimate of daily fuel consumption in Nigeria? How many times is the Buhari government gonna lie shamelessly to Nigeriams about this subsidy or subsidy under-recovery issue.Who have been approving these payments for subsidy-the NASS or executive fiat? NNPC just need to come under public scrutiny 11 Likes |
Re: Petrol Landing Cost Hits ₦216, Daily Subsidy Now ₦4.64 Billion by Balistic4: 5:53am On Apr 21, 2021 |
Nigeria definitely deserves what it is getting. fuel price rise that is supposed to be good news is now bad news. Lol 5 Likes |
Re: Petrol Landing Cost Hits ₦216, Daily Subsidy Now ₦4.64 Billion by OrdinaryNigeria(m): 5:53am On Apr 21, 2021 |
Na lie No subsidy All these subsidy talk is more like looting money ooo. Naso APC also talk in 2015. Zombies wil support APC 5 Likes |
Re: Petrol Landing Cost Hits ₦216, Daily Subsidy Now ₦4.64 Billion by rawtouch: 5:54am On Apr 21, 2021 |
subsidy is a scam who is subsidizing who 6 Likes |
Re: Petrol Landing Cost Hits ₦216, Daily Subsidy Now ₦4.64 Billion by Nobody: 5:54am On Apr 21, 2021 |
They are all wettjng the ground for dangote to come and sell fuel 300 naira Hmmm ![]() 23 Likes 1 Share |
Re: Petrol Landing Cost Hits ₦216, Daily Subsidy Now ₦4.64 Billion by fasho01(m): 5:54am On Apr 21, 2021 |
Scam.. They are already officially looting funds for 2023 elections 6 Likes |
Re: Petrol Landing Cost Hits ₦216, Daily Subsidy Now ₦4.64 Billion by Sunnycliff(m): 5:55am On Apr 21, 2021 |
Buhari as a Petroleum Minister is a disaster to this country. From lying about subsidy to payments. Buhari is very incompetent! 18 Likes |
Re: Petrol Landing Cost Hits ₦216, Daily Subsidy Now ₦4.64 Billion by hemucology(m): 5:57am On Apr 21, 2021 |
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Re: Petrol Landing Cost Hits ₦216, Daily Subsidy Now ₦4.64 Billion by Maxymilliano(m): 5:57am On Apr 21, 2021 |
Nothing Like Fuel Subsidy, Jonathan's Government Deceiving Nigerians— Buhari 18 Likes 1 Share |
Re: Petrol Landing Cost Hits ₦216, Daily Subsidy Now ₦4.64 Billion by Kingspin(m): 5:58am On Apr 21, 2021 |
Nigeria does not want to be useful. 2 Likes |
Re: Petrol Landing Cost Hits ₦216, Daily Subsidy Now ₦4.64 Billion by CSTRR: 5:59am On Apr 21, 2021 |
What will Buhari say he has done in 8 years? Ghana just unveiled the biggest steel factory in West Africa. 15 Likes |
Re: Petrol Landing Cost Hits ₦216, Daily Subsidy Now ₦4.64 Billion by ipobarethieves: 6:00am On Apr 21, 2021 |
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Re: Petrol Landing Cost Hits ₦216, Daily Subsidy Now ₦4.64 Billion by anigbajumo(m): 6:00am On Apr 21, 2021 |
The longer we keep fooling ourselves the more economy will become worse, it's so obvious this unitry system of Government is not working. why is it difficult to return to Fiscal federalism where by each region will control their resources. Why are we fooling ourselves for goodness sake?? It's obvious PMS is the major determinant of our economy, any little increase will cause inflation yet we still keep on rolling around the same circle. If a litre of PMS hit #300 per liter (coz FG can't pay billions of Naira as subsidy every month in long run) just be expecting inflation to reach around 30% increase b4 the end of the second quarter of this year coz it's currently around 22% and we see how things cost in the market, that's when the real suffering will set in. Sincerely speaking, am highly disappointed in Buhari. Most of the companies around Agbaara industrial hub most expecially in Igbesa in ogun state are not working coz there is no Gas supply like b4, if things continue like this honestly speaking no production company will remain in this country b4 the end of this year. What baffles me is that we Nigerians are synonymous to suffering, Nigeria Youths av not woken up from their dream to float a new party that will pack both APC and PDP to one side coz non of these devish party will restructure this country rather than to loot for themselves and their grandchildren but posterity will judge u all. 26 Likes |
Re: Petrol Landing Cost Hits ₦216, Daily Subsidy Now ₦4.64 Billion by CSTRR: 6:00am On Apr 21, 2021 |
Sunnycliff:Incompetence does not even cut it. He is a drastic failure. 11 Likes |
Re: Petrol Landing Cost Hits ₦216, Daily Subsidy Now ₦4.64 Billion by adioolayi(m): 6:01am On Apr 21, 2021 |
Remove subsidy....let's face this headlong once and for all! Make everything scatter ....We go arrange am later 1 Like |
Re: Petrol Landing Cost Hits ₦216, Daily Subsidy Now ₦4.64 Billion by kerzhim(m): 6:01am On Apr 21, 2021 |
Hmm... |
Re: Petrol Landing Cost Hits ₦216, Daily Subsidy Now ₦4.64 Billion by OfficialGaGa(m): 6:02am On Apr 21, 2021 |
what buhari can't destroy does not exist...... sorry for Nigeria.... even some northerners are now tired.. dat dey would prefer the devil to rule the country.. atleast with devil u know wat to expect... with buhari u die well 1 Like |
Re: Petrol Landing Cost Hits ₦216, Daily Subsidy Now ₦4.64 Billion by InvestingExpert(m): 6:02am On Apr 21, 2021 |
good morning |
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