VeeVeeMyLuv:
Oh okay

So it is no longer market forces of demand and supply that determines prices,

You are telling me now that it is the value of a foreign currency dollar that determines the price.

Then if so, you can as well fling away (drop) the local currency (₦) and start to adopt and use the dollar ($)

Unfortunately that's how it's going to be since the marketers will use dollars to secure the crude products, don't forget that they get paid in naira. They have to convert their naira to dollars, hence their selling price is dependent on the exchange rate of Naira-Dollars.
Just brace yourself bro.

VeeVeeMyLuv:
Oh okay

So it is no longer market forces of demand and supply that determines prices,

You are telling me now that it is the value of a foreign currency dollar that determines the price.

Then if so, you can as well fling away (drop) the local currency (₦) and start to adopt and use the dollar ($)

Unfortunately that's how it's going to be since the marketers will use dollars to secure the crude products, don't forget that they get paid in naira. They have to convert their naira to dollars, hence their selling price is dependent on the exchange rate of Naira-Dollars.
Just brace yourself bro, cos we know how the Naira flunctuates and get devalued from time time.

I think this prize is for OBIDIENTS only, APC supporters not inclusive.

MoneyMustBMade:


Seriously buhari said that Nigerians will miss him, now I understand

No one is missing buhari because it is he who machined this deliberate problem for his predecessor

Adabestseason:
Who is this useless marketer projecting the price,do you have crude oil in your community?

Corrupt people are dealing mercilessly with Nigeria on all fronts. until they are stopped, they will continue to project the price upward, without shoring up purchasing power of the masses.

enny09:


Don't mind them, they were all supporting subsidy removal like zombie, so when subsidy is removed now what is the benefit to the citizens.

The thing is that I'm not even against subsidy removal like that, but if a step like this will be taken the government should have put mechanisms in place to cushion the economic blows/effects on the average citizens if they care about the welfare of their citizens. We're in one hell of a ride, buckle up everybody whether you're an agbado merchant or you're obidients. We will suffer the consequences together. Suffering doesn't know age, tribe or political affiliation. Another consequence of this move is that the Naira will be devalued further starting from even our own land. What you use 1k to buy before, 1k won't be enough to buy it again. Real meaning of devaluation of currency.

SenatePresdo:


Give an example of what they will Enjoy?

I'm not ready to suffer anything.

They will enjoy screaming "this government will favour me and my family".
Correct case of Stockholm's syndrome, suffering and smiling/hailing your oppressor. 😂😂😂😂

Parachoco:
Absolute Majority Of Nigerians are ready to suffer Today and Enjoy Tomorrow

Lol..... But so unfortunate that with the set of people piloting the country, they will suffer today and still suffer tomorrow

visaclick:
Look at that fool saying nigerians are willing to suffer today. Tinubu’s people are really handling this PR very well and no wonder pictures of his son as he is always plugged to a powerbank, always online defending his father’s bad leadership schemes.

It should not even surprise you
Did you just know that their brain has been taken away from them?
They are zombie and real definition of Suffering and Smiling

xristos:
God forbid oh
It is well with us in this country...

Buhari said nigerians will miss him ...God forbid too

kai...Nigeria was in plenty during GEJ

Swears we no suffer reach lydiss at all

Nairalanders in Togo, Cameroon, Ghana, etc, how much is a litre of fule in these countries in naira. I don't understand these people at all

nony43:







In the UK more in the Northern England were I have toured petrol is been sold between £1.45 to £ 1.59 it depends on were you buy and they are not producing oil in commercial quantity in the UK yet no scarcity. That is about 1400 in naira.

You're a big foool.... do you earn in pounds... $1.5 is nothing to a european... compared to 500 to a Nigeria Mimum wage in UK is 1.2 Million in naira compared to 30k naira...

that $1.5 to a european is equivalent to N30 to a nigerian... so can you see the gap..

mrvitalis:
Removing subsidy was a good idea ( they borrowed) but now they don't know absolutely what to do to stabilize the economy

Developmental economics is a balancing art

FB should have rolled Out a 5 trillion naira soft credit to banks ( commercial and micro finance) to give to specific key sectors to either
1) produce what we import
2) produce what we can export

To get the loan

1) your business must be viable banks would make sure of that

2) employ a minimum amount of people

3) serve us or earn us a certain amount of foreign exchange

This would straighten naira... Dropping inflation, create employment, generating revenue, increasing GDP and overal improve living standard


But watch how they would start building unimportant infrastructural project that can't sustain itself even

It was never a good move and will never be. Those who removed partial subsidy yesterday are still enjoying full subsidy today, I mean 100% subsidy on everything they consume . Masses are always the target who bear the brunt.

43Ronin:

Olodo I am a graduate of development Economics.

you said developmental economics not development Economics. The point I was making is there is nothing like Developmental economics

olril17:
By the time Tinubu is done with Nigeria even his oloriburuku supporters will join and escape on a sinking ship to Somalia peninsula

Unfortunately for you, Obi and Atiku vowed to do the same thing which meant that Nigerians didn't have better choice during the election. Funny thing is not everyone who voted for Tinubu support subsidy removal and not everyone who didn't vote for Tinubu is against the subsidy removal.

Parachoco:
Asiwaju have the record have good performance.

I've gone through his Manifesto thrice and he has being doing some of the things he said he will do.

I have the believe Asiwaju won't fail base on his track record as a Governor. I will give him some time and right now, he's right on track.

Let's hold a bet
If our economy rhymes with security to say 65% in two years , then BAT is the man.
Or else....

maasoap:


Unfortunately for you, Obi and Atiku vowed to do the same thing which meant that Nigerians didn't have better choice during the election. Funny thing is not everyone who voted for Tinubu support subsidy removal and not everyone who didn't vote for Tinubu is against the subsidy removal.

What’s this one saying?
So I should applaud a policy done hastily that it has cause unnecessary hardship for the people,which is also impacting me negatively.
Atiku and obi said they will remove subsidy but was it going to be the way tinubu did hastily without putting anything on ground that might have mitigate this untold hardship?
Mo roo pee Ofee soriburukuu sha?
Ogbeni koribuu danu get behind me.
Fuls like you don’t care about the country,na party politics you put for your empty head.
Ashieeree asinwinn.
Mo ropee ori Daddy ee ati mummy ee buruu sha?

Most Nigerian business men and women are sylocks and crooks. They take advantage of every situation to cheat people.

Poske95:


Let's hold a bet
If our economy rhymes with security to say 65% in two years , then BAT is the man.
Or else....

I will quote you in 2 years time

Make God protect us till then and beyond

Resurrection212:
Do you want to sell?

Lol. Ole

EnterpriseMan:

Or use am do bolt

Good suggestion Corolla 06

EnterpriseMan:

Or use am do bolt

Good suggestion

bonnyhope:


Na lie o

You must drive it at all costs

Hahaha

highchief1:
no bro na to double ur hustle and restrategize.hope ur car no be Lexus or v6.there are cars to be driving now.Don’t give up

.

Thanks High Chief.

olril17:

What’s this one saying?
So I should applaud a policy done hastily that it has cause unnecessary hardship for the people,which is also impacting me negatively.
Atiku and obi said they will remove subsidy but was it going to be the way tinubu did hastily without putting anything on ground that might have mitigate this untold hardship?
Mo roo pee Ofee soriburukuu sha?
Ogbeni koribuu danu get behind me.
Fuls like you don’t care about the country,na party politics you put for your empty head.
Ashieeree asinwinn.
Mo ropee ori Daddy ee ati mummy ee buruu sha?

All these frustration would have been better directed at the two failures who brought you to this life without any plan for you and your well being.
Were ati awon obi e ti ba ise mule

Sermwell:
Alot of people are going to suffer under this government but they don't want to hear it! The handwriting is all over the wall already.

I just urge those who are doing well to help those in need. This is because some people may die of hunger if we don't help each other because of our political differences. My closest pal is a Yoruba Muslim guy, fatai, and because of him, I have always refused to believe anything said on this forum about Yoruba Muslims. Although he voted for Tinubu and I voted Obi, we are still good friends. He has sold his car after the subsidy removal and I have been the one driving him to work. He kept assuring me that things will get better, but I don't believe him yet.

He came visiting on Monday that he couldn't afford the sallah ram and other needs for the festive season. I didn't want to ask him what he did with the money he realized from selling his car. My girl insisted that I shouldn't help him because of his political believe and support for Tinubu. But life is bigger than those nonsense.

Please you all should support the needy at this time. Elections are over, and the hate is not worth it.

I like your good heart ooo

Sermwell:
Alot of people are going to suffer under this government but they don't want to hear it! The handwriting is all over the wall already.

I just urge those who are doing well to help those in need. This is because some people may die of hunger if we don't help each other because of our political differences. My closest pal is a Yoruba Muslim guy, fatai, and because of him, I have always refused to believe anything said on this forum about Yoruba Muslims. Although he voted for Tinubu and I voted Obi, we are still good friends. He has sold his car after the subsidy removal and I have been the one driving him to work. He kept assuring me that things will get better, but I don't believe him yet.

He came visiting on Monday that he couldn't afford the sallah ram and other needs for the festive season. I didn't want to ask him what he did with the money he realized from selling his car. My girl insisted that I shouldn't help him because of his political believe and support for Tinubu. But life is bigger than those nonsense.

Please you all should support the needy at this time. Elections are over, and the hate is not worth it.

Lol, this is a Tinubu supporter using style to disguise as an Obidient so that he can get back in their good graces.

I think everyone should remain at status quo so that lessons can be learnt. If lessons are not learnt, it will affect well-meaning people tomorrow.

Kennedy97:


I will tag you when we go there since you want to behave like a child

He will deactivate and go under a new moniker!

Landowner101:



Presently on a right track, but in the wrong direction.

Might be too late before he will realize this.

Removing subsidy once, without taking the right measure is a recipe for indefinite inflation.

Dude does not understand a thing out of your explanations above. He is a bot who has no capacity to reason for himself.
Reality 101 is gradually setting in.

Parachoco:
Asiwaju has never rule Nigeria before

Do not compare him with Buhari, Jonathan, Obasanjo and Yardua, he's different.

Buhari, Jonathan and Obasanjo have done their part, and they performed far below expectation. Asiwaju is just starting and is presently on the right track.

The tone is now changing gradually to " Asiwaju has never ruled Nigeria before"!

O ma ka loju e !

webizone:


Lol, this is a Tinubu supporter using style to disguise as an Obidient so that he can get back in their good graces.

I think everyone should remain at status quo so that lessons can be learnt. If lessons are not learnt, it will affect well-meaning people tomorrow.

Lazy brain!! You can't even do a simple research by going through my comments and see if I'm a Tinubu supporter before jumping into conclusion! Bring out any of my comment supporting Tinubu through out the election period. Or is that so difficult for you?

Sermwell:

Lazy brain!! You can't even do a simple research by going through my comments and see if I'm a Tinubu supporter before jumping into conclusion! Bring out any of my comment supporting Tinubu through out the election period. Or is that so difficult for you?

In that case, the video link I am going to post below is for you. I have waited for the right time and the right person to give the right response. Watch from the minute the video starts (should be 44:16) till 46:50. Or, you can continue watching to learn more. Your choice.

Here it is:

https://www.youtube.com/watch?v=26s33Kywgu8?t=2655