Moyinoluwa35:
Nobody is taking about the hardship in nigeria, everyone is okay, during good luck time economic was not this hard and good luck wanted to remove subsidy alot of people came out to protest, but here now things are hard and the government remove subsidy nobody want to protest.
Is Nigeria really okay with this hardship?
Where is the strength of the youth??

It's the economic failures of Goodluck compounded by the misgivings of Buhari that has us in this conditions.

That is why economic policies and long term planning is important because the effects at the micro and macro levels are felt long after the actors have departed the stage.

We first went into a recession that consumed the bulk of our foreign reserve as Jonathan exited the stage when NOI had publicly declared just before the electiond that Nigeria had two quarters of negative growth as buhari took office we entered a recession, it was buhari lack of understanding of basic economics and his dependence on people like Emefiele that lead us into having to defend the Naira using out foreign reserve abd we entered a rollet coaster ee ate syill yet to disembark.

Buhari had two nasty recession to battle and he turned both around but at a cost which we are now getting to know due to the detention of Emefiele. Once Kemi Adeosun was out of the picture there were no brakes in place, no checks and balancing.

Totally agree with you.

seborrhic:
Of course but brain challenged imps were jumping up and down saying when Dangote comes on stream petrol would sell for ₦300 because Nigeria won't be importing fuel again with foreign exchange!
I won't even be surprised if it becomes more costly to buy a litre of Dangote fuel,than to import it.If you query it they would tell you that selling anything below current price the refinery would run at a loss and won't be able to pay it's debts.Also selling at anything below dollar based pricing would encourage smuggling across the borders.
That is the Nigerian way of things:contradictions and "upsidededness".

abhosts:
Yes, it can be cheaper if the government intervenes by supplying crude oil at a discounted rate to refineries.

a.k.a subsidy

seborrhic:
Of course but brain challenged imps were jumping up and down saying when Dangote comes on stream petrol would sell for ₦300 because Nigeria won't be importing fuel again with foreign exchange!
I won't even be surprised if it becomes more costly to buy a litre of Dangote fuel,than to import it.If you query it they would tell you that selling anything below current price the refinery would run at a loss and won't be able to pay it's debts.Also selling at anything below dollar based pricing would encourage smuggling across the borders.
That is the Nigerian way of things:contradictions and "upsidededness".

It must fe sold at market value to stop snuggling, the benefits would be FX control and guaranteed supply.

immortalcrown:
Just as border closure did. Dollar rate has significantly reduced. We now enjoy a favourable balance of payment.👍

That border closure helped Nigeria even if it had its negative impacts.

It's many failures can't be attributed to the federal executive but rather the agencies and people who ought to be responsible for implementing the border restrictions who took bribes are were complicit in the lapses.

It was to enforce sovereign policy to our neighbours

nairalanda1:


If they were, why was APC's N40 per liter of petrol so popular. And remember how people complained that GSM services cost a lot of money back in the 2001-4 period?






1.Electricity is bad because we do not pay the market price for power, and as a result DISCOS have to reject power from GENCOS because they do not have enough cash to pay them.

2.Roads are bad because government stopped tolls being paid on them, which meant funding went down drastically. Then railways were allowed to depreciate.

3.It does not matter what we think...the fact is, at the end, petroleum refineries have to be run at a profit to make more money.

We spent 10 trillion on subsides last year, and we were on track to spend more than that this year. The money would come from other parts of the budget which means that loans would have to be taken for the resultant deficit...more than we are taking right now.


Oga, if you were running a business, you won't sell below market price to help the poor.

Nonsensical utterances as usual

immortalcrown:
Cement and salt prove you right.

The reason dangote cement is the price it is has been properly explained by industry experts.

Dangote can't be selling at a loss to please Nigerians, the fact the man is still in business while others are exiting is quite impressive, he lost over 20% of his fortunes to FX/ naira depreciation some months ago.

The logistics of cement distribution is the reason the price remains high, we saw BUA claim they can supply at 2500 naira yet the price after it has landed in Lagos/ Enugu / PH/ Kaduna etc is still over 5k. If you can however buy from factory you're welcome to the 2500naira.

phemmie06:
You keep putting people into hardship whenever their hope is about to be met.
You have been telling us with all confidence that when our refineries are back to work, we will reap the reward of our pains, now Dangote refinery is working, the nation's own are about to be functioning and you bring up another hope dashing tales.

That is why Nigerians de japa even multinationals too de japa.
Shame on you all.

PMS,AGO can never be N300/ltr unless government subsidize the product. What kind of magic are you expecting. It would be cheaper but not sold at a loss

nairalanda1:


The cold truth, the cold truth and nothing but the cold truth

Refineries are created to make money. Money to pay the owner, to pay for maintenance, to pay for taxes, and to pay for worker's salaries.

Any attempt to restrict money making by refinery would lead to its collapse.

(Like what Tinubu is doing now. Landing price of petrol has been above N720 since October 9, and yet fuel is selling below N700 nationwide. LOL.).

Anyway, Nigerians do not want to face that truth.

(Awaits people to start spilling electrons).

Tinubu has been dancing the fine line of not wanting a nationwide strike and balancing a flawed system. I'm guessing he's just playing for time , I don't envy his position but he asked for the job

airsaylongcome:


I don't agree. Nigerians are happy to pay market price. The problem, especially with petrol is that they need it to survive. Imagine if electricity was 24/7, demand for petrol will dissipate. People are happy to pay for petrol for transportation. Fix the roads, provide the basics. The economies of scale would bring down the cost of local production, overall lowering the price we pay. But government is hell bent on taxing an unproductive population

Nigerians are not happy to pay market price. They would rather cut corners and end up paying an exorbitant price

Moyinoluwa35:
Nobody is taking about the hardship in nigeria, everyone is okay, during good luck time economic was not this hard and good luck wanted to remove subsidy alot of people came out to protest, but here now things are hard and the government remove subsidy nobody want to protest.
Is Nigeria really okay with this hardship?
Where is the strength of the youth??

the youths are cowards

samsard:
Different business environments, man. With the high inflationary pressures in Nigeria now, no businessman will leave money on the table and start losing money. And oh, please google search the retail price of 50KG bag of cement in Ghana and convert to naira before insulting Dangote. It's not cheap there either.

It's not cheap anywhere. 5kg bag of cement is 8.35euro at the hardware store.
That's over 10k naira, that's in a country with free trade with rest of EU,tax incentives to manufacturers etc.

Whatever help Dangote gets from FG is deserved it's a tough business they are in.

bonnyhope:


This is even a small issue

If you listened Sanusi Lamido Sanisi, he said NNPCL has not been audited since the last 15yrs, that even Finance ministry does not even know how much is being generated from crude oil sale.

The country is in a big mess

Last finance minister that tried to even audit NNPC lost her job within 1 month of trying. Kemi Adeosun was told how she didn't have NYSC

Kukutente23:

You're always everywhere spining trash
How is Saudi refinery able to sell fuel below Nigerian imported fuel price?
What about US and India?
You fool no one. Just eat your corn in peace

It has been proven beyond doubt that Saudi Arabia sell PMS at market value which is 467/600Naira using prevailing exchange rate. However that number changes based on crude oil barrel prices.

I pay €1.80/ltr for PMS myself

benjaminlawson:
One major thing that make me dislike this government apart from hardship its brought upon Nigeria is the retention of this good for nothing man call NNPCL GMD. How's could someone in his right sense reappoint this wicked man. This man claimed we consume 100 literally of patrol, in which every body disputed, including the then minister of state for petroleum and custom boss. The man was just embezzling Nigeria money, he suppose to be in detention like Emefele, but what he got from our so called renew hope is reappointment. You people can continue you will meet God later. So according this ungodly man, the cost of taken crude to where they refined it, that of bring it back as refined product, insurance and import dutiesall this will not have any impact on cost?

Sacking Kyari would send the wrong signal to investors given NNPC L is no more a government entity as it was before.
A transition should have been put in place to see to his exit when it was fully deregulated but for the FG presidency to sack him would compound our FDI problems in that sector.

APC supporters, una don hear ba?

Wicked soul is speaking...

sweetgala:


It has been proven beyond doubt that Saudi Arabia sell PMS at market value which is 467/600Naira using prevailing exchange rate. However that number changes based on crude oil barrel prices.

I pay €1.80/ltr for PMS myself

What is market price in this context
How did you arrive at 467/600 for market price
And why do you have two market prices
Why does Saudi have one of the cheapest prices in the world if it's at market price

Moyinoluwa35:
Nobody is taking about the hardship in nigeria, everyone is okay, during good luck time economic was not this hard and good luck wanted to remove subsidy alot of people came out to protest, but here now things are hard and the government remove subsidy nobody want to protest.
Is Nigeria really okay with this hardship?
Where is the strength of the youth??

Tribalism is the cause of this. And I think Goodluck was from a minority tribe; and that's why there was a gang-up against him. Buhari administration, we suffered, hypocritical Nigerians were as silent as church mices; and we are suffering now under Tinubu, and no one is saying anything

tsdarkside:


guy....you still dont get it....companies care about only profit and not patriotism....

NIGERIANS, NORTH AND SOUTH, ARE THE FAMILY OF DANGOTE . NIGERIANS SHOULD ENJOY DANGOTE FIRST ON FUEL AND CEMENT BEFORE GHANA. THAT IS SOCIAL AND ECONOMIC PHILOSOPHY.

tsdarkside:


guy....you still dont get it....companies care about only profit and not patriotism....

NIGERIANS, NORTH AND SOUTH, ARE THE FAMILY OF DANGOTE . NIGERIANS SHOULD ENJOY DANGOTE FIRST ON FUEL AND CEMENT BEFORE GHANA. THAT IS S OCIAL AND ECONOMIC PHILOSOPHY, BARRING PROFITEERING AND BLUNDERING DISECONOMY.

Mineisgrace:

Many people are not seeing it

God quickly delivered DANGOTE FROM EMEFIELE IMMEDIATELY TINUBU ENTERED.

sweetgala:
The reason dangote cement is the price it is has been properly explained by industry experts. Dangote can't be selling at a loss to please Nigerians, the fact the man is still in business while others are exiting is quite impressive, he lost over 20% of his fortunes to FX/ naira depreciation some months ago. The logistics of cement distribution is the reason the price remains high, we saw BUA claim they can supply at 2500 naira yet the price after it has landed in Lagos/ Enugu / PH/ Kaduna etc is still over 5k. If you can however buy from factory you're welcome to the 2500naira.

Yes. Experts will later explain to you why Dangote's fuel cannot be cheap. Then, you will understand the fuel issue the way you have understood the cement issue.

sweetgala:
That border closure helped Nigeria even if it had its negative impacts. It's many failures can't be attributed to the federal executive but rather the agencies and people who ought to be responsible for implementing the border restrictions who took bribes are were complicit in the lapses. It was to enforce sovereign policy to our neighbours

Yes. Border closure brought some benefits that are too big to be seen. The way the benefit of the border closure is invisible is also how Dangote fuel benefit will be.

Moyinoluwa35:
Nobody is taking about the hardship in nigeria, everyone is okay, during good luck time economic was not this hard and good luck wanted to remove subsidy alot of people came out to protest, but here now things are hard and the government remove subsidy nobody want to protest.
Is Nigeria really okay with this hardship?
Where is the strength of the youth??

CC seunmsg and leodeking

Seunmsg will soon tag you an ipob and hater of Nigeria.. just wait the guy is coming

All Nigerians are asking Tinubu is for him to take the country back to GEJ era on how he met it.

Brendaniel:
Una eye go still clear, all them Tinubu supporters shouting refinery as if refinery will solve all the problems of Nigeria...

Tinubu scaming his supporters back to back

CC seunmsg

Seunmsg has been screaming ontop of his voice about this imaginary refinery issue thinking it'll reduce the fuel price, unfortunately for him NNPC just said it'll double the price. Dangote about to cash out massively from him fuel company.

Seunmsg by the time the okpolor eyes is done with you, you would wish for the drug lord to be killed

coleon:

You are not just stupid but it seems wickedness also runs in your vein.
Are you unconcerned about the plight of Nigerians and you are happy that prices are increasing and should even increase further?
Today , a bag of rice I priced last week for 52k hoping I will buy today and the price has jumped to 58k, then petrol has started selling for NGN620 in Lagos while the price of Friso Gold I use to feed my babies is now 21k from 10k and yet a useless idiot on nairaland is happy with price increase and even wishing the price increase more.
I am thinking you are still being fed by your parents and you are yet to come to the reality of life.
God knows if I meet any of you physically supporting all these nonsense and it's not on nairaland I will punch you if you say this rubbish near me so that you will be treated like the kid that you are.

Thank you and do have a good and productive and prosperous week

Moyinoluwa35:
Nobody is taking about the hardship in nigeria, everyone is okay, during good luck time economic was not this hard and good luck wanted to remove subsidy alot of people came out to protest, but here now things are hard and the government remove subsidy nobody want to protest.
Is Nigeria really okay with this hardship?
Where is the strength of the youth??

December will go & January will ursher in more hardship . Nigerians that Jakpa can’t pay school feee in Uk & Canada hence about to be sent back home . Only then do I see A Revolution happening In Nigeria because there will be no where to jakpa to

Where are CNG filling stations na?

AncientAlien:


https://www.google.com/amp/s/www.channelstv.com/2023/12/08/kyari-appears-before-senate-says-refineries-not-created-to-reduce-petrol-price/amp/

Why would it not be cheaper, if you take out the frieghting charges of imported fuel we should pay less for the ones refined in Nigeria, why is no one asking the right questions, these people are criminals and evil.

APC came to kill, to steal and to destroy. And this administration is the father of them all. Criminals in power

Gainman:
I see u are part of them. You are part of deceptive govt. Believe in this govt at our own risk. How many of dos struggling only you can assist. Only 0.5%? U never do anything. If u are among of d people praising this govt despite it's performing woefully in every aspect. Electricity has become very poor, investors are exiting this country, insecurity, inflation everywhere high cost of medical facilities, corruption and indiscipline among all govt officials. Corrupt judiciary, many are committing suicide and killing for ritual. And u are here saying u alone is trying to assist people. Tinubu has failed already. He doesn't have any governing plan he only wants to be in power by all means. I don't regret I supported him because all other candidates are zero. A country where criminals are being celebrated. A country where educated are regretting they went to school nothing to be proud of. Tinubu and his govt dissapointed most his supporters.

First and foremost, no educated individual regrets going to school, having a certificate u copied to get doesn't make u educated, education is meant to expand ur horizon, passing through school doesn't make u educated, it simply makes u a schooled iIIitrate.
Electricity became wórsé in the last 6 months?
Now I know u are not a sincere individual, just another one sucking on their loss.
To say security became worse is another pointer to ur insincere nature.
Tell me which of the above vices has not been happening in Nigèria all these while?
Tell me which of those vices did Obi solve as governor.
U are self and u can think about is u and ur family, all u care about is imposing Obi on the people, I care about the people, who's better