NigerianAngelo:
Nigerians are fooling themselves without knowing it. Govt is paying about 60% of the value of imported fuel for them, a scheme that presently costs about N4trn annually.

This means that the N4trn that could have been used to set up rice farms and achieve consumption demands, or that which could have been used to generate power (about 10,000MW at current exchange rates) is lost in a totally unproductive circle.

Whatever gains people think to have by the free fuel, is lost twice or thrice over, annually (est), through the loss in naira value created by their unproductive subsidy Bonanza, increase in materials costs, hikes in rents, food costs, general living costs and also the problems of unemployment and inactivity that will be caused by the $10bn (N4trn) unused to increase any domestic productions but shared nationally to citizens who will lose the gain before the month runs out through inflation and remittances.

If the average car owner "saves" N100,000 annually through the subsidy scam, he loses at least N1,000,000+ (est) in the same period through the currency value loss, living costs hike and remittances (to dependents increasingly rendered inactive through nationally unproductive $10bn). These problems are in infatuated with the production and economic value chains surrounding such a loss.


The next Nigerian President must man up and ban the scam from Day 1 if he is serious about fixing the country. Premium Motor Spirit is N400/L on average in neighbouring African countries and with lower transportation costs compared to Nigeria.

NigerianAngelo:
Nigerians are fooling themselves without knowing it. Govt is paying about 60% of the value of imported fuel for them, a scheme that presently costs about N4trn annually.

This means that the N4trn that could have been used to set up rice farms and achieve consumption demands, or that which could have been used to generate power (about 10,000MW at current exchange rates) is lost in a totally unproductive circle.

Whatever gains people think to have by the free fuel, is lost twice or thrice over, annually (est), through the loss in naira value created by their unproductive subsidy Bonanza, increase in materials costs, hikes in rents, food costs, general living costs and also the problems of unemployment and inactivity that will be caused by the $10bn (N4trn) unused to increase any domestic productions but shared nationally to citizens who will lose the gain before the month runs out through inflation and remittances.

If the average car owner "saves" N100,000 annually through the subsidy scam, he loses at least N1,000,000+ (est) in the same period through the currency value loss, living costs hike and remittances (to dependents increasingly rendered inactive through nationally unproductive $10bn). These problems are in infatuated with the production and economic value chains surrounding such a loss.


The next Nigerian President must man up and ban the scam from Day 1 if he is serious about fixing the country. Premium Motor Spirit is N400/L on average in neighbouring African countries and with lower transportation costs compared to Nigeria.

NigerianAngelo:
Army blows up Kuje prison. Frees Boko Haram members.

So terrorists entered Abuja, operated at a facility for an hour and are parading with at least 200 men without army knowing?

Zoo tales


Peter Obi for President

Parachoko:
You can't say you're scrapping subsidy but still turn around to fix petrol price at ₦400.



Nah the way most Peter Obi supporters dey reason be this.

Obi will never rule the Zoo.

badbwoy77:


E sure me did say u Dey suffer like mad lol your brain no fit function again omo see if anybody Dey campaign for incompetency make he no forget say the suffer go long

NigerianAngelo:
Nigerians are fooling themselves without knowing it. Govt is paying about 60% of the value of imported fuel for them, a scheme that presently costs about N4trn annually.

This means that the N4trn that could have been used to set up rice farms and achieve consumption demands, or that which could have been used to generate power (about 10,000MW at current exchange rates) is lost in a totally unproductive circle.

Whatever gains people think to have by the free fuel, is lost twice or thrice over, annually (est), through the loss in naira value created by their unproductive subsidy Bonanza, increase in materials costs, hikes in rents, food costs, general living costs and also the problems of unemployment and inactivity that will be caused by the $10bn (N4trn) unused to increase any domestic productions but shared nationally to citizens who will lose the gain before the month runs out through inflation and remittances.

If the average car owner "saves" N100,000 annually through the subsidy scam, he loses at least N1,000,000+ (est) in the same period through the currency value loss, living costs hike and remittances (to dependents increasingly rendered inactive through nationally unproductive $10bn). These problems are in infatuated with the production and economic value chains surrounding such a loss.


The next Nigerian President must man up and ban the scam from Day 1 if he is serious about fixing the country. Premium Motor Spirit is N400/L on average in neighbouring African countries and with lower transportation costs compared to Nigeria.

inoki247:
lol you people and jargons maths presently if dem comot subsidy PMS will sell for nothing less Dan 600...


nd if u set it at 400 sef that means subsidy still dey on PMS...

NigerianAngelo:


No it won't. It may be less than the N400. About N360 - N380.

NigerianAngelo:
Nigerians are fooling themselves without knowing it. Govt is paying about 60% of the value of imported fuel for them, a scheme that presently costs about N4trn annually.

This means that the N4trn that could have been used to set up rice farms and achieve consumption demands, or that which could have been used to generate power (about 10,000MW at current exchange rates) is lost in a totally unproductive circle.

Whatever gains people think to have by the free fuel, is lost twice or thrice over, annually (est), through the loss in naira value created by their unproductive subsidy Bonanza, increase in materials costs, hikes in rents, food costs, general living costs and also the problems of unemployment and inactivity that will be caused by the $10bn (N4trn) unused to increase any domestic productions but shared nationally to citizens who will lose the gain before the month runs out through inflation and remittances.

If the average car owner "saves" N100,000 annually through the subsidy scam, he loses at least N1,000,000+ (est) in the same period through the currency value loss, living costs hike and remittances (to dependents increasingly rendered inactive through nationally unproductive $10bn). These problems are in infatuated with the production and economic value chains surrounding such a loss.


The next Nigerian President must man up and ban the scam from Day 1 if he is serious about fixing the country. Premium Motor Spirit is N400/L on average in neighbouring African countries and with lower transportation costs compared to Nigeria.

SUFFERInSMILIIN:


Another illiterate comes on nairaland without doing his research. The international price of view is between $1.50 and $2 US dollar per litre which is closer to 1200 naira. Ther most big total sacrifice in all dimension in Nigeria

NigerianAngelo:
Nigerians are fooling themselves without knowing it. Govt is paying about 60% of the value of imported fuel for them, a scheme that presently costs about N4trn annually.

This means that the N4trn that could have been used to set up rice farms and achieve consumption demands, or that which could have been used to generate power (about 10,000MW at current exchange rates) is lost in a totally unproductive circle.

Whatever gains people think to have by the free fuel, is lost twice or thrice over, annually (est), through the loss in naira value created by their unproductive subsidy Bonanza, increase in materials costs, hikes in rents, food costs, general living costs and also the problems of unemployment and inactivity that will be caused by the $10bn (N4trn) unused to increase any domestic productions but shared nationally to citizens who will lose the gain before the month runs out through inflation and remittances.

If the average car owner "saves" N100,000 annually through the subsidy scam, he loses at least N1,000,000+ (est) in the same period through the currency value loss, living costs hike and remittances (to dependents increasingly rendered inactive through nationally unproductive $10bn). These problems are in infatuated with the production and economic value chains surrounding such a loss.


The next Nigerian President must man up and ban the scam from Day 1 if he is serious about fixing the country. Premium Motor Spirit is N400/L on average in neighbouring African countries and with lower transportation costs compared to Nigeria.

Madmohamed123:
what stoping Nigeria to fix their refinery and make fuel affordable for her citizen.

Why should Nigeria import fuel for the first place Nigeria and their government don't have shame.