InvertedHammer:
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Because they refused to refurbish the refineries, low oil price in the global market, Nigerian budget implementation will suffer; high oil price in the global market, queue returns in the gas stations. Incompetence has reduced it to damned if you do, damned if you don't. In both scenarios, Nigerians suffer.
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anonimi:


You also have no relative living in our country who you help to face the problems here

backbencher:
When subsidy goes, all this would end
You cannot make refining fuel unprofitable at home and expect not to import

The era of fuel subsidy is gone forever in Nigeria, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has said.

Speaking on an Africa Independent Television (AIT) programme on Monday, Mr Kyari said, “There is no fuel subsidy anymore in Nigeria. It is zero subsidy forever.”

Going forward, the oil chief said, “There would be no resort to either fuel subsidy or under-recovery of any nature. NNPC will play in the petroleum marketplace, just like another marketer in the space.”

https://www.premiumtimesng.com/news/headlines/386370-fuel-subsidy-gone-forever-in-nigeria-nnpc-gmd.html

backbencher:


You cannot refurbish refineries and then sell fuel from these refineries at a loss in the name of subsidy

Also, paying for subsides is difficult when the money comes from crude oil revenue, which is affected by price fluctuations

McOluOmo:
Wahala dey



Please join me.....breakfast is ready.

Just admit you're too broke to feed a woman and have true peace






Guys wey no get girlfriend get peace of mind

McOluOmo:
Wahala dey



Please join me.....breakfast is ready.








Guys wey no get girlfriend get peace of mind

CountVersailles:

Naija! Normal things. Thank God I no longer live in that country!

NotBeenPaid:

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Like we're new to fuel scarcity. Year-in-year-out we face this crisis. Nothing like panic buying. Failed government.

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Winters23:


Just admit you're too broke to feed a woman and have true peace

mickyeddi:
Don't understand how a major oil producing nation can experience fuel scarcity.

anonimi:


Filled with bleeped up 200 million Nigerians

anonimi:


What subsidy is going again? How many times will it go after going in 2016 and 2020

almarthins:



I told my people that buhari has decided to cunning. They want jump the price up stylishly by the time scarcity hit every state. No body will go against increment.

Wicked government

InvertedHammer:

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You are not making any sense. So it is more profitable to drill oil, ship it to Europe to refine and then import the refined product back into Nigeria + the effective subsidy? Do you even understand what subsidy is?

/

anonimi:


What subsidy is going again? How many times will it go after going in 2016 and 2020

mickyeddi:
Don't understand how a major oil producing nation can experience fuel scarcity.

backbencher:


You cannot refurbish refineries and then sell fuel from these refineries at a loss in the name of subsidy

Also, paying for subsidies is difficult when the money comes from crude oil revenue, which is affected by price fluctuations

Black market fuel made from stolen oil in rudimentary “bush” refineries hidden deep in the creeks and swamps of the Niger delta is less polluting than the highly toxic diesel and petrol that Europe exports to Nigeria, new laboratory analysis has found.

Shell, Exxon, Chevron and other major oil companies extract and export up to 2m barrels a day of high quality, low sulphur “Bonny Light” crude from the Niger delta. But very little of this oil is refined in the country because its four state-owned refineries are dysfunctional or have closed.

https://www.theguardian.com/global-development/2020/jul/01/petrol-sold-to-nigeria-from-europe-dirtier-than-black-market-bush-fuel

sulaak:



The price of imported will be the cost of the imported fuel plus tariff, locally refined oil will be cheap and if it has to be subsidies then the country is subsiding production and not consumption.