750 owo

Kobonaire4:


Yes, because

1.That is a side effect of free money. When there is free money, which is what subsidy payments encourage, abuses results.

2.And diversion to neighbours happen because fuel costs N180 here and N500 and above in all our neighbours. N400 in Niger. When that happens, any intelligent mugu would smuggle....and they would even have enough to bribe customs, and go home with a lot of money.

That is why subsidy has to go...so that there would be no more free money, and by extension no more collection of money for petrol not imported, and also, no more smuggling...since prices would be the same all over,


Another problem with subsidy is our population is growing...and growing fast. And because power supply is bad, we use a lot of petrol in our generatiors and stuff...infact our private secotr runs on generatiors...and then people buy cars and so forth..and all use petrol

More people use petrol...more subsidy costs rise....to a point beyond which government can pay.

Also, fuel costs a lot to refine...and increasing costs asscoiated with production means that fuel prices rise as a result...plus oil prices are also high...and with that subsidy costs go up.


Finally, NNPC brings in fuel at N500 and sells it at N150 to depot. Before it was N230 to sell to depot at N150 some 18 months ago. At some point NNPC losses would be beyond what subsidy can cover

And thus here we are.

Should the refineries not be built before subsidy is removed?So government should remove subsidy and still be importing petroleum products?

Benin 400

Lionmachala:



Life no easy ooo... I tell u. God no go shame us

News is coming out for a peaceful protest tomorrow. Please let's keep it peaceful. We just have to show them our disdain towards this issues for records sake. Na juju them dey use? Watin dey happen self. Fuel is now 610 here.

Please what is fuel price in your area today?
Lagos 500 per liter.
Calabar, #330 per litre.

Pickmycall:
Should the refineries not be built before subsidy is removed?So government should remove subsidy and still be importing petroleum products?

U were born with a good brain all this our nairaland wannabe woke analyst

My people tell me fuel at total iyana isahshi is 185. But the queue na die. U will see women with plenty 25ltrs yellow gallons. They will come in groups with their kids. Gallons will sit on top of gallons. Then u will see car owners who want to buy fuel with their own gallons. At the end u will see 200 people trying to buy fuel with 5000 gallons and queue that stretches from the fuel station to outside. I reject suffer

royalfly:


News is coming out for a peaceful protest tomorrow. Please let's keep it peaceful. We just have to show them our disdain towards this issues for records sake. Na juju them dey use? Watin dey happen self. Fuel is now 610 here.

I no get time for protest... Bro maximum respect

Pickmycall:
Should the refineries not be built before subsidy is removed?So government should remove subsidy and still be importing petroleum products?

Refineries can only be built when there is no subsidy...meaning there is chance of profits being made. The reason why NNPC cannot build new refineries and why its refineries collapsed was because the subsidy regime means that no profits were being made sufficent enough to pay for new refineries.

(Dangote refinery is being built because Dangote took loans...which banks could give him...because he has the collateral).

Besides, it costs money to refine fuel. Refineries at home won't guarantee cheap prices of fuel.

350/400

Driving a fuel economic car like benz c180 now is such an advantage over honda like Eod. I used quarter tank from kano to dutse

Doyou2019:

420 ontop trillions dem dey borrow to pay subsidy for your head?
God, how in the world is APC still campaigning? Does that party really have candidates going into these elections
No be rhetorical question o. APC should have no business even being on the ballot, I swear.

It's really painful. Even Okowa that we taught will help couldn't.

Kobonaire4:


Refineries can only be built when there is no subsidy...meaning there is chance of profits being made. The reason why NNPC cannot build new refineries and why its refineries collapsed was because the subsidy regime means that no profits were being made sufficent enough to pay for new refineries.

(Dangote refinery is being built because Dangote took loans...which banks could give him...because he has the collateral).

Besides, it costs money to refine fuel. Refineries at home won't guarantee cheap prices of fuel.

You and buhari dey craze I swear.