What he is trying to say is bcs of the devalue of the naria, there is no gain. So if the marketers follow the current economic situation of the devalue naira, fuel should be around 1000 not #600. If naira is around #400. Fuel should not be around #600.

foreveryoung1515:
Subsidy returned? And we're still buying fuel with outrageous prices? Are you kidney mee?

Subsidy has return, the cabal are very strong, they will never want the subsidy to end like that without a fight back

This govt of lies would never try such......do you know what monumental damage it will cause them considering the hasty way the man at the top announce its removal without due considerations......
May God help Nigeria!

SunMusk:
What he is trying to say is bcs of the devalue of the naria, there is no gain. So if the marketers follow the current economic situation of the devalue naira, fuel should be around 1000 not #600. If naira is around #400. Fuel should not be around #600.

Around 1400 not 1000

thiefnibu/apc is a scam

The international price of petrol right now, on Wed Mar 6 2024, is over ₦950 per liter.

You can find this price on any commodity trading platform or quote site under RBOB or EBOB or something similar. If you call any refinery in the world asking to buy, that is the likely approximate quote you'll get, and that includes Dangote.

So what is the price of fuel in Nigeria today? If it's less than ₦950, government is paying a subsidy and we know the corruption and waste that goes with it.

The source of the subsidy is the forex market which has been rigged by the CBN.

Due to many different factors, NNPC is still the sole importer or supplier of fuel in Nigeria. That's HOW the government dictates fuel price in the country.

Good Luck to Nigeria

foreveryoung1515:
Subsidy returned? And we're still buying fuel with outrageous prices? Are you kidney mee?

as outrageous as the current price is, subsidy is being paid. If not a little should be above #1,000 without subsidy. The govt knows the effect of allowing it get to the amount.

adioolayi:
Because of what

So, that they will increase pump price again or what

Have you checked your jamb result?
Try to comprehend

You dey trust any man from that party

rimijoshua:

Have you checked your jamb result?
Try to comprehend

I have..I failed mathematics...you go teach me?

EyeCumInPiece:
The Microphone Licker is corn-fused. 😂

See as osho Baba and Remi dey look am

Baba sha no send anybody

Where is Reno omokri? His not tweeting again?

IbeOkehie:
The international price of petrol right now, on Wed Mar 6 2024, is over ₦950 per liter.

You can find this price on any commodity trading platform or quote site under RBOB or EBOB or something similar. If you call any refinery in the world asking to buy, that is the likely approximate quote you'll get, and that includes Dangote.

So what is the price of fuel in Nigeria today? If it's less than ₦950, government is paying a subsidy and we know the corruption and waste that goes with it.

The source of the subsidy is the forex market which has been rigged by the CBN.

Due to many different factors, NNPC is still the sole importer or supplier of fuel in Nigeria. That's HOW the government dictates fuel price in the country.

Good Luck to Nigeria

you didn’t include landing cost

airsaylongcome:
Lol

Koro said:
But my common sense tells me that there is a gap and because of the pain in the country, the government cannot allow that lacuna to be left unfilled, hence government may chip in some amount of money to fill in that gap.

Koro is talking from both sides of his mouth

He is a chieftain of the APC and a member of lagos GAC he can't be too truthful

Bullfallo:
you didn’t include landing cost

The landing cost is the TOTAL cost of bringing a liter of petrol to a consumer in Nigeria. It's likely a small amount added to ₦950...the cost of transport, storage and tax and whatever else. Maybe ₦150 extra? I get your point. Thanks.

It's clear the government is still paying a subsidy on petrol.

Good Luck to Nigeria

foreveryoung1515:
Subsidy returned? And we're still buying fuel with outrageous prices? Are you kidney mee?

I'm not lever you ooo!

surgical:
He is a chieftain of the APC and a member of lagos GAC he can't be too truthful

He should have just shut up to be honest. Or dodged the question. Instead of talking about a "gap" and how government "may" be plugging that "gap".

The funny thing is the govt has been touting "reforms" based on subsidy removal and naira devaluation.
They have been working overtime to present those two monsters as a positive thing for the country and an hallmark of Tinubu's leadership credentials to make tough choices.
If they now turn around to say subsidy is back, it will be an admission of failure on their part and for a govt that's been fumbling on all cylinders

As we solve one problem another one resurfaces . Blame Buhari who spent 8yrs and failed to fix the refineries . It was so unfortunate.. same problem from the days of OBJ .. they were just playing wayo with our resources and want us to see them as masters over nothing .

EzeChukwuIgbo:
There is Subsidy no doubt because the land cost is lower than the pump price but there is also reduction in smuggling

How
When you naira is low to cfa

EzeChukwuIgbo:
There is Subsidy no doubt because the land cost is lower than the pump price but there is also reduction in smuggling

smuggling was never reduced. tinubu technically encourage smuggling when he devalue and float the naira (Biggest mistake tinubu ever made). with this, naira weakens and become cheaper to neighboring countries to buy our oil. its not only oil but other farm produce. thats why massive trucks are going out of the country to neighboring countries,

in summary, smuggling have continue

Charly68:
As we solve one problem another one resurfaces . Blame Buhari who spent 8yrs and failed to fix the refineries . It was so unfortunate.. same problem from the days of OBJ .. they were just playing wayo with our resources and want us to see them as masters over nothing .

Obasanjo has no blame in the refinery issues. He sold the PHC refinery to a private company in maybe 2007. They paid the cash price. And of course Nigerians protested to high heavens. Google is there, anyone can check.

President Yaradua came in and reversed the sale. And refunded the money paid. And PHC refinery remained dormant with NNPC, racking up massive losses and people getting paid salary for producing NOTHING.

I have no doubt that the private investors would have revived that refinery. Other public companies sold have become productive and profitable

Please let's be fair on these matters.

Good Luck to Nigeria.

"It is crystal clear like the biblical teketeke mene ufancy."



"It is visible to the blind and audible to deaf"

richard870:
That will be a shameful thing to say because it only points to one thing 'Huge Sham'

Is this government not a scam before. They are indirectly saying it has returned. I heard a former governor belonging to APC saying it has returned on a live programme

tunjijones:
Very unreasonable govt. U came into government and arrogantly announced that " subsidy is gone" within few minutes of swearing in without understudying the pros and cons.

Now that the effect of your stupid policy has come and you are clueless about how to manage it.

Nigerian never ready for u, when the Hunger bites harder, Nigerians will come for you, na you go run Comot from that aso rock by urself

He's going nowhere --- Since money non dey Nigeria savings account to continue to pay the subsidy --- who for they pay am ?? --Na you??

The Microphone Licker is corn-fused. 😂The Microphone Licker is corn-fused. 😂...

Subsidy is not working in this country, governors are using the money for another thing , tinubu should put it back pls

Fear APC. Even pastor who was vice president told us lies after lies. No subsidy, na salary cut me and Baba go dey collect ... The lies was endless.
Now you want them to talk truth? Hmmm just Sidon look and the truth you will see. E go show. Dem go try hide or lie am but last last E go show

IbeOkehie:


Obasanjo has no blame in the refinery issues. He sold the PHC refinery to a private company in maybe 2007. They paid the cash price. And of course Nigerians protested to high heavens. Google is there, anyone can check.

President Yaradua came in and reversed the sale. And refunded the money paid. And PHC refinery remained dormant with NNPC, racking up massive losses and people getting paid salary for producing NOTHING.

I have no doubt that the private investors would have revived that refinery. Other public companies sold have become productive and profitable

Please let's be fair on these matters.

Good Luck to Nigeria.

Thanks for the update ..we must be objective indeed ,I didn't know Baba Obj took such step