nairalanda1:


The harsh fact is that almost all our neighbours are paying way above N1000.

Nigeria does not have the cash to keep fuel forever cheap. Make we be honest...this is not about agbado, and even the agbado government is spending trillions to avoid telling themselves the truth.

The painful thing is that if we cut government spending and stop the nasty corruption that is affecting us, the money raised won't be enough to pay for subsides long term. Also, the amount we earn from crude...80% of our earnings...is not enough.

Either we face the truth...or we keep throwing money down a bottomless pit.

We have been told repeatedly since the 1980's...we no wan hear.

what are you saying in essence? Yes if we agree for a 1500 per litre will there ever be a time we will stop suffering to buy because of scarcity? If no then there is no benefit of fuel subsidy removal on us rather it has increased the suffering of the masses and enriched the government more.

Sccarrr:
it's the new reality whether u agree or not, atleast until we have a working refinery .

and will still be the reality after the refineries begin, thanks to your stoopid president who swiftly made your currency tissue paper. Petrol costs more to refine than diesel, so if Dangote is selling diesel at the rate of 1000 for 1million litre orders, and there is rousing applause, how much do you reckon he will sell petrol that costs more to refine?


Well, maybe if they pay him subsidy sha.

As long your country's currency is worthless, be prepared for this new reality

We must deal with the IGBOS....

nairalanda1:


The harsh fact is that almost all our neighbours are paying way above N1000.

Nigeria does not have the cash to keep fuel forever cheap. Make we be honest...this is not about agbado, and even the agbado government is spending trillions to avoid telling themselves the truth.

The painful thing is that if we cut government spending and stop the nasty corruption that is affecting us, the money raised won't be enough to pay for subsides long term. Also, the amount we earn from crude...80% of our earnings...is not enough.

Either we face the truth...or we keep throwing money down a bottomless pit.

We have been told repeatedly since the 1980's...we no wan hear.

Cut the bullsbit, may 29 Tinubu declared subsidy is gone and promised Nigerians benefits, some of us even tried to show understanding

Since may 29 till now what have nigerians benefited, all the pallative FG promised to cushion the removal of subsidy do you even have one person you know that recieve it

FG have recieved subsidy, therefore they have no excuse to give Nigerians at these time .. whatelse will they tell us they want to remove now ?? don't even bring up that subsidy excuse anymore

nairalanda1:


The harsh fact is that almost all our neighbours are paying way above N1000.

Nigeria does not have the cash to keep fuel forever cheap. Make we be honest...this is not about agbado, and even the agbado government is spending trillions to avoid telling themselves the truth.

The painful thing is that if we cut government spending and stop the nasty corruption that is affecting us, the money raised won't be enough to pay for subsides long term. Also, the amount we earn from crude...80% of our earnings...is not enough.

Either we face the truth...or we keep throwing money down a bottomless pit.

We have been told repeatedly since the 1980's...we no wan hear.

You are just a mush room analyst!

But I will never be tired of educating your likes.

It does not make any economic sense to compare expenditure on any commodity in Nigeria with that of any other country,without indexing it on the levels of income.


Why can’t you convert the minimum wage in Nigeria to dollars and compare with that of America where the average price of petrol is between $3 and $4.


If a person earning minimum wage in Nigeria is to buy all things at the international equivalent rate ,will s/he buy more or less things than those of the American minimum wage earner?

Where income levels can not be reasonably matched ,government interventions become inevitable,to avoid the type of economic turmoil Nigeria is currently facing as a result of fuel subsidy removal.

The government might even end up paying more than the fuel subsidy ,interms of higher wage demands ,short and long term palliatives plus spending more in combating the resultant social insecurity and poverty.

The government does not have money for subsidy but has money for defending the Naira against dollar?

So far the government have spent more on the aftermath effects of fuel subsidy removal than the cost of the subsidy itself!!

nairalanda1:


The harsh fact is that almost all our neighbours are paying way above N1000.

Nigeria does not have the cash to keep fuel forever cheap. Make we be honest...this is not about agbado, and even the agbado government is spending trillions to avoid telling themselves the truth.

The painful thing is that if we cut government spending and stop the nasty corruption that is affecting us, the money raised won't be enough to pay for subsides long term. Also, the amount we earn from crude...80% of our earnings...is not enough.

Either we face the truth...or we keep throwing money down a bottomless pit.

We have been told repeatedly since the 1980's...we no wan hear.

so let's maintain corruption and discard subsidy. Very idiotic idea.

useless government

Very useless

Utterly useless

More useless are the supporters

combined useless sets of people

With subsidy, there are queues

Without subsidy, there are still queues

is it not better we have subsidy back?

USELESS PEOPLE

do did not mention occult groups to another belonging and initiations

PriceActionZ:


Nothing new, this was 49 years ago. una go curse tinubu tire. Nigeria can't work. The elites have high jacked it since independent thereby recruiting their friends, friends of friends, families, friends of families, replacing them with friends, concubines, bastards, friends of concubines, grand children, cousins and so on and the circle continues. As long as the present form of government is used in Nigeria, no president, or the one to be can ever repair it. None. To me, regional government is much better and competitive.

By the way, mega stations are way cheaper, and most times, more than independent marketers own in the range of 100 and above per liter, and yet you are shortchanged. That's why you see those queues.

Haaa..you guys are in for a long thing o...the picture below is Lagos anchorage few days ago, only one vessel on STS!

Angelfrost:
Jonathan's administration didn't perform half as badly as this, yet he was hounded out of that office.


Suddenly, everyone is quietly and sheepishly adjusting to a shocking and abnormal level of suffering never witnessed since the Civil war.


You Nigerians are weird, hypocritical and cowardly!!!


Spits!!!

whose fault ? Tinubu and buhari knew they wanted power they worked for it and jonathan removed

whoever wants power next tew should work it and displace BAT naw ...

Then Tinubu, buhari all took to the street to lead a protest they really worked for it ..

where is Atiku, naa on top X peter Obi wan rule Nigeria abi

nairalanda1:


The harsh fact is that almost all our neighbours are paying way above N1000.

Nigeria does not have the cash to keep fuel forever cheap. Make we be honest...this is not about agbado, and even the agbado government is spending trillions to avoid telling themselves the truth.

The painful thing is that if we cut government spending and stop the nasty corruption that is affecting us, the money raised won't be enough to pay for subsides long term. Also, the amount we earn from crude...80% of our earnings...is not enough.

Either we face the truth...or we keep throwing money down a bottomless pit.

We have been told repeatedly since the 1980's...we no wan hear.

Read below

Is Biden forcing fuel sellers to sell below production cost?

DaddyCoool:


Nothing new. Below, 7 years ago

This is your counter claim?

They will deliberately not giving you light so that you will go and queue in petrol station and still not give you the petrol rather they will hike it all this is happening because citizens don't care as long as their families eat and sleep the rest can go to hell ok...

Xpeerence:
I have packed my car since last year ever since the fuel increment

why not just sell the car

yarimo:
nobody asked you to celebrate, you are celebrating it because you are among the unfortunate bitter Obidient who feel happy seen it

This nonentity BATeria again? When this one go get sense self?

Angelfrost:
Jonathan's administration didn't perform half as badly as this, yet he was hounded out of that office.


Suddenly, everyone is quietly and sheepishly adjusting to a shocking and abnormal level of suffering never witnessed since the Civil war.


You Nigerians are weird, hypocritical and cowardly!!!


Spits!!!

spit kee you dia

There is petrol available in some ther stations, mega station not the only station in town.

DaddyCoool:


Yes, as in below

(Note: 4 liters is more than a gallon)

what's the minimum wage in America

defending rubbish

All hell was let loose when Jonathan decided to remove subsidy and sell petrol at #140, now the same product is sold between #800 and #950 and Nigerians are queuing to buy it. APC juju strong o

nairalanda1:


The harsh fact is that almost all our neighbours are paying way above N1000.

Nigeria does not have the cash to keep fuel forever cheap. Make we be honest...this is not about agbado, and even the agbado government is spending trillions to avoid telling themselves the truth.

The painful thing is that if we cut government spending and stop the nasty corruption that is affecting us, the money raised won't be enough to pay for subsides long term. Also, the amount we earn from crude...80% of our earnings...is not enough.

Either we face the truth...or we keep throwing money down a bottomless pit.

We have been told repeatedly since the 1980's...we no wan hear.

Ode! Do all our neighbours have crude oil

cjudy:


This nonentity BATeria again? When this one go get sense self?

ask you parents when I will get sense, that is if they are responsible parents

mcquin:
@guobe. I was in that queue yesterday, lucky me; I met the queue opposite the NBA House close to EFCC.
Where in Benin are you? It’s lovely to meet someone in my state of residence here on Nairaland.

For real. Nice one .you can always hala me anytime

emmyclassic:
Average minimum wage per hour in America is $14. So an average American on minimum wage is spending less than half of an hour pay to buy a gallon of patrol, In Nigeria were minimum wage is 30,000 naira one would be spending a whole days pay to buy same 1 litre of petrol. So how does the comparison work oga?

Thanks Jo. The ediot comparing Nigeria with Washington is a fuulish fuul

Renewed hope to renewed shege 🙄

You answering him?

It was only a matter of time before he mentioned the US...but I bet he's never been there and doesn't know anything about that economy.

Awon werey....see that one calling you "bitter obidient" because you showed long queue ...one of their slavemasters has given them another anthem to sing.

guobe:

Can you compare the percentage increase in the price of gas in America to what we have in Nigeria?
And also are you really comparing America and Nigeria?
Well I understand alot of you are being paid to defend an ineffective Government in Nigeria as you are just doing your job.

Th1efnubu will blame Bulhari and GEJ even after his mandate is over. What did he do to improve lives of Nigerians, so far?
Please, only specific answers!

theredaddy:



Cut the bullsbit, may 29 Tinubu declared subsidy is gone and promised Nigerians benefits, some of us even tried to show understanding

Since may 29 till now what have nigerians benefited, all the pallative FG promised to cushion the removal of subsidy do you even have one person you know that recieve it

FG have recieved subsidy, therefore they have no excuse to give Nigerians at these time .. whatelse will they tell us they want to remove now ?? don't even bring up that subsidy excuse anymore

Yes, so you believe in APC promises.

Right

All I know is, subsidy has to go. SInce 1993 self.

Elusive001:



But you protested when GEJ mulled the idea of removing it in 2012. How many of your neighbours have crude oil like you? What is the corruption index of your country compared with your neighbours? Why are your refineries not working?

It was under GEJ that I woke up to how damaging subsides can be.

Yes, GEJ and his people helped me see the light.

Protest kini? Protesters wey no get anything?

PLus NIger has crude oil as does Ghana. Nothing like subsides there.

phorget:




When your president said ”SUBSIDY IS GONE!” what was he talking about then?

SO since when did you believe in APC people?

Partial subsidy removal...typical self deciet practiced by all governments since 1973...

Angelfrost:


It's not about Nigerians telling themselves the truth...!

Have those in charge of the nation ever come out clean about the way forward??!

I have said it time and again that the Petroleum sector is long overdue for total deregulation.

But, when you fail to be transparent with leadership, there can be no headway.

These theories and realities we talk about here are alien noise to the average Nigerian citizen out there.

Let your leaders come out clean, they refused.

Same thing with Power supply and the national currency.


You can't cover a wound forever.

It is either you want subsidy to remain, or you want it removed.

Some of us have seen the light since 2011/12.

DIVINEEVIDENCE:


And how many of your neighbors have the amount of crude reserves that Nigeria has?

And the thing is, our population is too large for the crude reserves to sustain us at any time t.

Yes, and corruption needs to be fought...but even then, money saved won't be enough.

Finally, you won't run yer business at a loss...would you?

yarimo:
ask you parents when I will get sense, that is if they are responsible parents

What condom would have prevented. Yet your uncultured parents went and give birth to senseless g*at like you. B@stard