The landing cost of imported petrol has skyrocketed to over N1,000 per litre as Nigeria’s foreign exchange crisis worsens, according to investigations conducted by BusinessDay.

At the prevailing black-market exchange rate of N1,500 per dollar, data indicates that the landing cost of petrol, encompassing the product’s international price, shipping, insurance, and associated expenses, surged to N1,009 per litre from N720 per litre recorded in October 2023....

https://ratecaptain.com/petrol-landing-cost-hits-n1000-litre-amid-fx-crisis/

Well .........it is well I said it subsidy is back, this man just want rule he no Sabi anything.

TINUBU

Where is nairalanda1. Let him come and rage about profit must be made with Otumokpor and person life.

RepoMan007:
Where is nairalanda1. Let him come and rage about profit most be made with Otumokpor and person life.

Things must be sold at a profit. That fact has no regard for your feelings.

Things must be sold at a profit. If it makes you cry and be abusive like a five year old, so be it.

See how TInubu and APC pay to maintain the illusion.

Now, either they face reality, or they keep paying for the illusion.

nairalanda1:


See how TInubu and APC pay to maintain the illusion.

Now, either they face reality, or they keep paying for the illusion.

Show evidence Tinubu is paying subsidy

Paraman:
Show evidence Tinubu is paying subsidy

Landing cost N1000

Price of petrol...N580-700.

If you cannot see.....

Your leader is paying a subsidy. If you like, deny, deny...facts is facts.

FACTS!

Paraman:
Show evidence Tinubu is paying subsidy

if you throw stones to every barking dog, you won't get to where you are going. That dude is well known.

The fraudster is paying subsidy through the backdoor,as I schooled some people but he doesn't want to admit it because his 2 singular policies has destroyed the Nigerian economy and as expected he is now clueless on how to wriggle out of the cul-de-sac he has put Nigeria in.
So long ₦ continues its free fall fuel without subsidy would be increasing in price.
At ₦1500/$,fuel should be selling at nothing less than 1350/litre then I will see if our docility will still endure

nairalanda1:


Landing cost N1000

Price of petrol...N580-700.

If you cannot see.....

Your leader is paying a subsidy. If you like, deny, deny...facts is facts.

FACTS!

Facts without evidence?

Paraman:
Facts without evidence?

OK o.

We no no say na christmas bubu dey do for us

Paraman:
Facts without evidence?

your own evidence is the word of a lying politician that has been lying on record

The facts are the realities on ground

NzogbuNzogbu:
your own evidence is the word of a lying politician that has been lying on record

The facts are the realities on ground

Provide the amount the government has been paying

RepoMan007:
if you throw stones to every barking dog, you won't get to where you are going. That dude is well known.

https://dailytrust.com/imf-confirms-return-of-petrol-subsidy-under-tinubu/#:~:text=The

Maybe IMF is lieing.

That some people are still defending this failure of a government is another eighth wonder of the world!
It shows gross insensitivity, irresponsibility and massive wickedness.

Anyone believing subsidy is gone is joking

With such cost
Subsidy must be paid for the excess
Unless the government wants catacata

So government pays subsidy of 300naira per liter for how many litres?
Well they should keep paying the money. Nigerians cannot keep suffering high cost of fuel

RepoMan007:
if you throw stones to every barking dog, you won't get to where you are going. That dude is well known.

RepoMan007:
I don't recommend taking oaths with politicians before coming out to support them sheepishly. It can corrupt the brain forever except grace finds your greedy ass.

Don't ever abuse or use any foul language on me again.

nairalanda1:



Don't ever abuse or use any foul language on me again.

is your brain working well elder?

RepoMan007:
is your brain working well elder?

Yeah, old boy, yours is working very well.

I end it here with you. Consider this a win, especially since you don't like to lose.

seborrhic:
The fraudster is paying subsidy through the backdoor,as I schooled some people but he doesn't want to admit it because his 2 singular policies has destroyed the Nigerian economy and as expected he is now clueless on how to wriggle out of the cul-de-sac he has put Nigeria in.
So long ₦ continues its free fall fuel without subsidy would be increasing in price.
At ₦1500/$,fuel should be selling at nothing less than 1350/litre then I will see if our docility will still endure

Nothing really new. As far back as Sept last year, the likes of Bismarck clearly showed some sort of subsidy was still being payed.

So what's the problem? Should he totally remove subsidy?

alezzy13:


Nothing really new. As far back as Sept last year, the likes of Bismarck clearly showed some sort of subsidy was still being payed.

So what's the problem? Should he totally remove subsidy?

He would have no economy to operate and no country to govern.
He shouldn't have removed the initial subsidy and devalued the naira at the same time with that worst inaugural address.
See why I say he has boxed himself and Nigeria into a cul-de-sac with his s tupidity:
He removes subsidy again because of the Naira free fall and watch fuel go to 1500 and rises as naira falls and watch a total collapse of whatever is left of the economy;
Or he continues paying subsidy again and watch as it becomes unsustainable and also collapses the economy if the Naira is not strictly controlled.
The third viable option is for him to resign and let his deputy take over and get fresh eyes and perspective on the situation.It maynot be a total change but Emilokan has lost the trust,confidence of majority of Nigerians,to do anything positive,so his deputy taking over will,if for nothing,give a faint belief that things may change with new ideas and policy prescriptions.
It's like the bounce that usually comes when a new football manager takes over from a failed,sacked one.

seborrhic:
The fraudster is paying subsidy through the backdoor,as I schooled some people but he doesn't want to admit it because his 2 singular policies has destroyed the Nigerian economy and as expected he is now clueless on how to wriggle out of the cul-de-sac he has put Nigeria in.
So long ₦ continues its free fall fuel without subsidy would be increasing in price.
At ₦1500/$,fuel should be selling at nothing less than 1350/litre then I will see if our docility will still endure

Pls don't insults the man who built Lagos. He will surely build Nigeria.
#Asiwaju till 2031
#We will show Igbo pepper
#we will eat tribe and religion

Deogratiasfx:


Pls don't insults the man who built Lagos. He will surely build Nigeria.
#Asiwaju till 2031
#We will show Igbo pepper
#we will eat tribe and religion

Na you Sabi,God knows I didn't mention anybody's name.Even if I mentioned Tinubu,there are at least 10,000 people bearing that name in Lagos alone