I don't know what else to say. Nigeria is beyond redemption. So we would just keep quiet and allow this evil govt drow this at us. We would shout online as usual and do nothing. God should just help us. At this rate by next year, we would be buying petrol at 2000

delkuf:
I don't know what else to say. Nigeria is beyond redemption. So we would just keep quiet and this evil govt drow this at us. We would shout online as usual and do nothing. God should just help us. At this rate by next, we would be buying petrol at 2000

If it was under Jonathan they would have started rioting.

What should we do.

Dangote refinery can't sell to us below what it costs it to produce the petrol.

NNPC claims they are owing over $6 billion due in part to subsidy payments. Yet you want them to continue to pay subsidy so petrol price can be low.

If the country can no longer afford to pay subsidy, we need to face the reality that with the exception of the Arab nations, petrol is an expensive product in almost every country in the world.

In Niger Republic, Ghana and many other neighbouring countries, petrol sells for around N1300.

It is unrealistic to think petrol cam continue to sell for N600 here.

If we have to pay between N850 - N900 for Mr Dangote's petrol, we just have to manage it.

DeLaRue:
What should we do.

Dangote refinery can't sell to us below what it costs it to produce the petrol.

NNPC claims they are owing over $6 billion due in part to subsidy payments. Yet you want them to continue to pay subsidy so petrol price can be low.

If the country can no longer afford to pay subsidy, we need to face the reality that with the exception of the Arab nations, petrol is an expensive product in almost every country in the world.

In Niger Republic, Ghana and many other neighbouring countries, petrol sells for around N1300.

It is unrealistic to think petrol cam continue to sell for N600 here.

If we have to pay between N850 - N900 to Mr Dangote's petrol, we just have to manage it.

you mentioned Niger, Ghana with Nigeria. This countries don't have petrol. So it is unrealistic for Nigeria to sell petrol at 600. God help us

OneCandleAway:


If it was under Jonathan they would have started rioting.

If Mr Jonathan had been a strong leader with conviction, he would have gone ahead and removed fuel subsidy as he wanted.

Instead, he panicked at the sight of a protesters in Ojota and promptly changed his mind.

You can't blame anybody but Mr Jonathan himself for his failure to remove subsidy.

If he had removed it then, the trillions and trillions that Nigeria lost to subsidy over the years would not have been the case.

Nigerians are defeated people

delkuf:
you mentioned Niger, Ghana with Nigeria. This countries don't have petrol. So it is unrealistic for Nigeria to sell petrol at 600. God help us

Both Ghana and Niger Republic produce crude oil.

GHANA https://www.piacghana.org/ghanas-crude-oil-production-in-decline/#:~:text=The%20report%20revealed%20that%20Ghana,when%2071%2C439%2C585%20barrels%20were%20produced.

NIGER https://www.africanews.com/2023/12/12/niger-first-marketing-of-crude-oil-in-january/

DeLaRue:


Both Ghana and Niger Republic produce crude oil.

GHANA https://www.piacghana.org/ghanas-crude-oil-production-in-decline/#:~:text=The%20report%20revealed%20that%20Ghana,when%2071%2C439%2C585%20barrels%20were%20produced.

the petrol buhari export to Niger abi. I just want to ask you a question, do you expect Nigerians to keep quiet with this new hike of petrol

delkuf:
the petrol buhari export to Niger abi. I just want to ask you a question, do you expect Nigerians to keep quiet with this new hike of petrol

No, I don't expect people to keep quiet.

The expected increased official price has clearly come as a shock to people. And the current prices above N1000 in some areas is terrible.

When we as humans face a new reality, complaints and frustration at the government of the day are perfectly normal reactions.

I am simply saying, selling petrol at between N560 - N600 is no longer realistic, unless we want to bankrupt this country for future generations.

Our domestic borrowing already exceeds One Hundred trillion naira. That is unprecedented in the history of Nigeria, and we don't even know how we will pay it back.

Our foreign debt is now around $100 billion. That too is unprecedented.

Truth is, Nigeria as a country is in financial trouble after over 50 years of reckless government spending.

We simply cannot afford to pay subsidy any more.

Naija na suffering and smiling country,this is an absurd society,it's an abnormal country,even if u sell fuel at N2000 per liter they will be resilient and still go queue to buy at that price,
Decency, normality and sanity is an enemy to the system

delkuf:
I don't know what else to say. Nigeria is beyond redemption. So we would just keep quiet and this evil govt drow this at us. We would shout online as usual and do nothing. God should just help us. At this rate by next, we would be buying petrol at 2000

DeLaRue:
What should we do.

Dangote refinery can't sell to us below what it costs it to produce the petrol.

NNPC claims they are owing over $6 billion due in part to subsidy payments. Yet you want them to continue to pay subsidy so petrol price can be low.

If the country can no longer afford to pay subsidy, we need to face the reality that with the exception of the Arab nations, petrol is an expensive product in almost every country in the world.

In Niger Republic, Ghana and many other neighbouring countries, petrol sells for around N1300.

It is unrealistic to think petrol cam continue to sell for N600 here.

If we have to pay between N850 - N900 for Mr Dangote's petrol, we just have to manage it.

Is any of these neighbouring African countries you mentioned among the top 10 oil-producing countries in the world?

DeLaRue:


No, I don't expect people to keep quiet.

The expected increased official price has clearly come as a shock to people. And the current prices above N1000 in some areas is terrible.

When we as humans face a new reality, complaints and frustration at the government of the day are normal reactions.

I am simply saying, selling petrol at between N560 - N600 is no longer realistic, unless we want to bankrupt this country for future generations.

Our borrowing already exceeds one hundred trillion naira. That's unprecedented in the history of Nigeria, and we don't even know how we will pay it back.

Our foreign debt is now around $100 billion. That too is unprecedented.

Truth is, Nigeria as a country is broke after over 50 years of reckless government spending.

We simply cannot afford to pay subsidy any more.

whose fault do we have over a trillion of debt. Is it the govt or the citizens. When the govt could not cut down it's high cost of governance. Does this price affect the govt or citizens. You want us continue to suffer from the hand of this evil man called tinubu.

delkuf:
you mentioned Niger, Ghana with Nigeria. This countries don't have petrol. So it is unrealistic for Nigeria to sell petrol at 600. God help us

He said you can't sell petrol below the cost to produce it. The market price for petrol will be around the same price in the region if Nigeria stops artificially holding down the price. Look up law of one price in economics if you don't understand why.

DeLaRue:
What should we do.

Dangote refinery can't sell to us below what it costs it to produce the petrol.

NNPC claims they are owing over $6 billion due in part to subsidy payments. Yet you want them to continue to pay subsidy so petrol price can be low.

If the country can no longer afford to pay subsidy, we need to face the reality that with the exception of the Arab nations, petrol is an expensive product in almost every country in the world.

In Niger Republic, Ghana and many other neighbouring countries, petrol sells for around N1300.

It is unrealistic to think petrol cam continue to sell for N600 here.

If we have to pay between N850 - N900 for Mr Dangote's petrol, we just have to manage it.

So u saying Tinubu was paying ssubsidy all these while?

delkuf:
whose fault do we have over a trillion of debt. Is it the govt or the citizens. When the govt cut down it's high cost of governance. Does this price affect the govt or citizens. You want us continue to suffer from the hand of this evil man called tinubu.

Don't mind that demon

He is just spewing nonsense on this thread.

His master has failed woefully in delivering and maintaining a stable economy.

He is just been lied to, he doesn't know.

Can you imagine?

These guys literally made a once thriving economy to rapidly decline and they still have mouth to talk

DeLaRue:
What should we do.

Dangote refinery can't sell to us below what it costs it to produce the petrol.

NNPC claims they are owing over $6 billion due in part to subsidy payments. Yet you want them to continue to pay subsidy so petrol price can be low.

If the country can no longer afford to pay subsidy, we need to face the reality that with the exception of the Arab nations, petrol is an expensive product in almost every country in the world.

In Niger Republic, Ghana and many other neighbouring countries, petrol sells for around N1300.

It is unrealistic to think petrol cam continue to sell for N600 here.

If we have to pay between N850 - N900 for Mr Dangote's petrol, we just have to manage it.

Petrol is expensive cos of d exchange rate

DeLaRue:


If Mr Jonathan had been a strong leader with conviction, he would have gone ahead and removed fuel subsidy as he wanted.

Instead, he panicked at the sight of a protesters in Ojota and promptly changed his mind.

You can't blame anybody but Mr Jonathan himself for his failure to remove subsidy.

If he had removed it then, the trillions and trillions that Nigeria lost to subsidy over the years would not have been the case.

yet this same government were the persons who sponsored that 2012 protest abeg e

DeLaRue:
What should we do.

Dangote refinery can't sell to us below what it costs it to produce the petrol.

NNPC claims they are owing over $6 billion due in part to subsidy payments. Yet you want them to continue to pay subsidy so petrol price can be low.

If the country can no longer afford to pay subsidy, we need to face the reality that with the exception of the Arab nations, petrol is an expensive product in almost every country in the world.

In Niger Republic, Ghana and many other neighbouring countries, petrol sells for around N1300.

It is unrealistic to think petrol cam continue to sell for N600 here.

If we have to pay between N850 - N900 for Mr Dangote's petrol, we just have to manage it.

Anything lower than that and people will start smuggling it out again, and then back to scarcity and fuel queues, as we subsidize the entire West Africa.

DeLaRue:
What should we do.

Dangote refinery can't sell to us below what it costs it to produce the petrol.

NNPC claims they are owing over $6 billion due in part to subsidy payments. Yet you want them to continue to pay subsidy so petrol price can be low.

If the country can no longer afford to pay subsidy, we need to face the reality that with the exception of the Arab nations, petrol is an expensive product in almost every country in the world.

In Niger Republic, Ghana and many other neighbouring countries, petrol sells for around N1300.

It is unrealistic to think petrol cam continue to sell for N600 here.

If we have to pay between N850 - N900 for Mr Dangote's petrol, we just have to manage it.

So you wicked soul, u are still supporting this administration... Ur future generation will weep any day they get to know about this.

Lol.....i keep saying it, these people are too daft. They dont know anything. Imagine what this one wrote below. This can only come from someone who never even passed through a secondary school.

So long as there is a demand in neigboring countries, the prices of petroleum product will be inelastic in those places. It is what a A JS3 economics student in secondary school knows. Let me sttempt to break it down further if they will even have the capacity to understand.

The demand for items considered a necessity commodity is price inelastic. That is, so long as people need it for their everyday life and survival, any price increase will be pushed to the consumers.

In Nigeria and neigbouring countries, petroleum products are considered a necessity for everyday living....transportation, power generation, etc....so if you increase the prices, it will be passed on.....simply means if the prices are increased in Nigeria, it will be increased at the borders too, it will never deter smuggling....in fact, it increases the motivation for smuggling.

A typical example is when the subsidy was claimed to be "gone" by the cerificate forger when he was "high", they increased the prices in Nigeria, it never discouraged smuggling because there was demand and the border remained porous , they simply passed on the cost to the neighbouring countries. If you increase the prices to N10,000, so long as there is a demand in those places, the border is porous and they have the funds, they will continue to buy at your prices no matter how high you raise it to deter them from buying.

Another example, as much as the US government have made the cost of smuggling of hard drugs to the US through their land borders very costly, which has made the drugs more expensive in the US with its attendant implications if caught, smuggling of hard drugs through the land borders has never ceased nor reduced. In fact, its been on the increase....simply because, the demand is there and some people consider the drugs a necessity as lifestyle.

The problem with mofos like the one below is that they take all the bull crap stories the government puts out there without reasoning it out first....maybe because they dont have the capacity to or they are agents of the government.......

Just because the minister of state said recent fuel scarcity was due to the activities of smugglers they just never checked the facts,they accepted it and went to town. Nobody bothered to ask the minister why smuggling even takes place with the presence of customs and other security agents at the border.

Is increasing the price of fuel the solution to smuggling or tightening of the porous borders?

If you increase to N3000 per litre in Nigeria, but there is demand in those neighbouring countries, and the border remains porous, smuggling will continue.

Rossikk:


Anything lower than that and people will start smuggling it out again, and then back to scarcity and fuel queues, as we subsidize the entire West Africa.

DeLaRue:


If Mr Jonathan had been a strong leader with conviction, he would have gone ahead and removed fuel subsidy as he wanted.

Instead, he panicked at the sight of a protesters in Ojota and promptly changed his mind.

You can't blame anybody but Mr Jonathan himself for his failure to remove subsidy.

If he had removed it then, the trillions and trillions that Nigeria lost to subsidy over the years would not have been the case.

but Jonathan has a good mind for the youths and the nation,but he lacks a string heart to actualise his vision for the nation,God will deliver them is nation

DeLaRue:
What should we do.

Dangote refinery can't sell to us below what it costs it to produce the petrol.

NNPC claims they are owing over $6 billion due in part to subsidy payments. Yet you want them to continue to pay subsidy so petrol price can be low.

If the country can no longer afford to pay subsidy, we need to face the reality that with the exception of the Arab nations, petrol is an expensive product in almost every country in the world.

In Niger Republic, Ghana and many other neighbouring countries, petrol sells for around N1300.

It is unrealistic to think petrol cam continue to sell for N600 here.

If we have to pay between N850 - N900 for Mr Dangote's petrol, we just have to manage it.

Is it the same NNPC that declared a profit of over N3 trillion even with huge subsidy payments? Or maybe another one?

please bros , what do you want the ordinary Nigerians to do?
do you think any group of people just starts rallies, riots, and protests? That is why governments worldwide usually go after key individuals that organise the protest. the last end bad governance protest saw all political leaders and even sowore those who initiated it staying back from the protest and leaving the people without a leader.
political riots and revolutions usually have a key figure in front that people will be following and when that is not there there is nothing people can do because there is no one to follow or listen to. w
WE DON'T HAVE POLITICAL LEADERS YET WHAT WE HAVE NOW ARE POLITICAL OPPORTUNITIES AND THE PEOPLE HAVE REALIZED THIS SO THEY TOO ARE JUST LOOKING.
after following and believing someone, you will just see the same people shaking hands and smiling with the same set of government leadership the people are protesting against, Nigerians have seen this over and over again so now they no longer believe anyone

delkuf:
I don't know what else to say. Nigeria is beyond redemption. So we would just keep quiet and this evil govt drow this at us. We would shout online as usual and do nothing. God should just help us. At this rate by next, we would be buying petrol at 2000

This incidence made me believe that juju is real in politics...

See as everywhere quiet 😞🤫

Is this the politics they said tinubu will teach Peter Obi? Politics of failure and poverty

Falana said in a statement: “Although the minister was honest to indict the federal government in the smuggling of petrol which he blamed on lack of funds necessary to rebuild the nation’s aging pipelines and security agents at the borders who are complicit in the smuggling activities, the reason adduced for smuggling are totally misleading.

“The minister cannot be unaware of the deliberate encouragement of smuggling of PMS by the federal government and the deliberate sabotage of the national economy by the NNPC,” he said.


In view of the foregoing, Falana said that Lokpobiri should be advised to stop exposing Nigeria to ridicule by saying that the federal government lacks the capacity to curb the nefarious activities of smugglers.

“ However, the federal government should come out clean if it has added to the monumental suffering of the Nigerian people by increasing the price of PMS. After all, from less than N700 in July, a litre of petrol has since risen gradually to above N1,000 in most filling stations since the beginning of August. The upward trend of the price of PMS has continued with no successful attempt to stop it as of today,” Falana , who is the Chair, Alliance on Surviving COVID-19 and Beyond (ASCAB), stated.



Having awarded contracts for the metering of 187 crude oil flow stations in Nigeria complemented with advanced cargo tracking technology, a software for tracking and monitoring of petroleum products including PMS, the Federal Government cannot turn round to say that oil theft and smuggling of petrol out of Nigeria to neighbouring countries will continue unabated to the detriment of the national economy.

“Apart from the acquisition of the software to stop the smuggling of petroleum products from Nigeria, the NNPC had embraced the suggestion to establish mega stations in the neighbouring countries. Both policies were, however, discarded by the NNPC in order to boost the smuggling of PMS from Nigeria,” he stated.

They pumped the price and made people happy with this new so called reduction

This is a total failure of leadership

It clearly shows the leaders are insensitive, arrogant and callous

No political will to confront these smugglers.

Oil theft hurts the innocents because these smugglers do not pay taxes or care for the women, children and the poor!

. Nigerians should see those trobalists who occupied ojota for poo'hari defending the high price of fuel..

..thesame tribalists who told GEJ that 97 naira a liter is too high for Nigerians are thesame people defending a liter at 1000 naira & zurning economic czars inder Thief'nubu..

...See all those Nairaland monikers..were thesame people who brought out their tribal warlords to oxcupy Nigeria ..are thesame defending these rascalities because Thief'nubu is their tribesman..

..Allah will surely punish all of una..

DeLaRue:
What should we do.

Dangote refinery can't sell to us below what it costs it to produce the petrol.

NNPC claims they are owing over $6 billion due in part to subsidy payments. Yet you want them to continue to pay subsidy so petrol price can be low.

If the country can no longer afford to pay subsidy, we need to face the reality that with the exception of the Arab nations, petrol is an expensive product in almost every country in the world.

In Niger Republic, Ghana and many other neighbouring countries, petrol sells for around N1300.

It is unrealistic to think petrol cam continue to sell for N600 here.

If we have to pay between N850 - N900 for Mr Dangote's petrol, we just have to manage it.

this one is Alanganan! You need a serious brain check

No matter how you educate them here the hates in their heart towards other tribe will not let them learn simple things.

DeLaRue:
What should we do.

Dangote refinery can't sell to us below what it costs it to produce the petrol.

NNPC claims they are owing over $6 billion due in part to subsidy payments. Yet you want them to continue to pay subsidy so petrol price can be low.

If the country can no longer afford to pay subsidy, we need to face the reality that with the exception of the Arab nations, petrol is an expensive product in almost every country in the world.

In Niger Republic, Ghana and many other neighbouring countries, petrol sells for around N1300.

It is unrealistic to think petrol cam continue to sell for N600 here.

If we have to pay between N850 - N900 for Mr Dangote's petrol, we just have to manage it.

delkuf:
I don't know what else to say. Nigeria is beyond redemption. So we would just keep quiet and this evil govt drow this at us. We would shout online as usual and do nothing. God should just help us. At this rate by next, we would be buying petrol at 2000

Mumu
Go and learn what's government and how they run it.