Stats: 3,192,193 members, 7,947,039 topics. Date: Thursday, 12 September 2024 at 11:38 AM |
Nairaland Forum / Nairaland / General / Politics / Oil Marketers Abandon Scheme To Break Subsidy Regime (26335 Views)
Atiku To Tinubu: Provide Clarity On The Fuel Subsidy Regime, / Fuel Scarcity Looms As FG, Oil Marketers Disagree On Pricing / Oil Marketers Cheat Nigerians By N198,500 Per Truck Of Product Sold (2) (3) (4)
(1) (2) (3) ... (5) (6) (7) (8) (Reply) (Go Down)
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by acorntree(m): 7:26pm On Dec 11, 2022 |
IbeOkehie: I support privitisation and deregulation but will not support handing federal properties like airports, seaports , University to state government. State government are as useless , even worst in maintaining public institution. Most of higher institutions University and Polytechnic being run by state government are nothing to write about, the quality of education of education is very poor unlike their federal counterparts. State institutions are run like one man business, embodied corruption, no competition and unethical practices. It's still better federal continued running these critical areas. |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by JASONjnr(m): 8:19pm On Dec 11, 2022 |
BigIyanga: You are the one with zero comprehension.... We're talking about price hike and who's responsible and you're talking about subsidy and oil import.... Are you for real? |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by CheapHomes1: 8:20pm On Dec 11, 2022 |
Raheeqilmaktoom: The question is "who" and not "what". Does subsidy pay itself? 1. Who made fuel subsidy a drain pipe? 2. So you mean there's no percentage of subsidy and there's no subsidy left to be removed? You are answering the question of "what". Will PIA run itself by itself? 3. This is what I asked...Who is going to increase investments in upstream and downstream? Is lack of money the reason for the lack of investments? |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by JASONjnr(m): 8:23pm On Dec 11, 2022 |
udemzyudex: Now, this is we're our problem is....The refinery... But since the country is fantastically corrupt, having a functional refinery will have them derive more ways to steal money. Our problem is corruption and the people we employ to lead us...We employ clueless and incompetent leaders and that's why we're were we are... |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by IbeOkehie: 8:32pm On Dec 11, 2022 |
acorntree: ![]() Let's take Universities. Are you aware that Universities were Regional Government properties before 1975? And most primary/secondary schools were private property? Again, any older person can tell you that Nigerian education in the period before 1975 was generally high quality. I've heard stories about how foreign Presidents and dignitaries used to seek treatment at Univ of Ibadan Teaching Hospital. The quality of Nigerian Universities and education in general started their long decline when President Murtala Mohammed ordered the Federal Government to take over all Universities in 1975 and handed over ALL primary/secondary schools to State governments. This isn't my opinion, it's fact. The Government started subsidizing all universities with crude oil money that everyone thought would never finish, and the result TODAY is a system where lecturers go on strike for 8 months and students can't finish their degree in the standard 4 years. State government ownership of Universities, airports and seaports would bring about COMPETITION. Some states will have FREE university, some will charge FULL tuition and fees with zero subsidy, at the end of 10 years everyone can look and see which States are better. Corporations will hire students from the better schools. Parents that send their children to GHANA....Ghana of all places....may decide to spend their money at some state universities where the quality and price are high. It's already happening. I remember being surprised at the high quality of Ebonyi State University medical school. At one point it was the only internationally accredited medical school owned by a State government in Nigeria. The ONLY reason many Nigerians PREFER Federal ownership is the possibility of FREE university tuition, in a country where very few people pay taxes and because the Federal Government is far away and impersonal, it's more open to bribery and corruption. Any State government can charge FULL PRICE for their University and provide world-class education. It's not that hard, the only problem is that Nigerians want everything FREE....awooof dey run belle. ![]() Nigerians keep enjoying your FREE & subsidized federal universities, they're great institutions! 1 Like |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by Olowoeko11: 8:42pm On Dec 11, 2022 |
Lisaint:cant find you on WhatsApp |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by Lisaint(m): 8:44pm On Dec 11, 2022 |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by ADAMUdaCOWBOY: 8:45pm On Dec 11, 2022 |
IbeOkehie:I am talking of big companies with revenues running into millions of naira who are paid monies to import petroleum products into Nigeria you are talking of people who are carrying jerrycans of petrol to Benin republic. Na wa o! |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by Olowoeko11: 8:49pm On Dec 11, 2022 |
Lisaint: Don’t quote so I can delete when you chat me |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by IbeOkehie: 8:50pm On Dec 11, 2022 |
JASONjnr: Nigeria imports petrol from the world market. The price of petrol at the world market is NOT a secret, right now it's about $2/gallon or $0.50/liter. https://www.investing.com/commodities/gasoline-rbob The problem is simple. Whether the petrol is refined in Nigeria or USA or India, the price is $0.50/liter or around ₦230 to ₦350 per liter, depending on whether you use CBN or black market dollar exchange rate. No matter what rigmarole reasoning anyone is trying to do, the price is the price. If Nigerians want constant fuel supply with no corruption, DSS involvement, queues and so on, then they should pay the full price. And that is that. ADAMUdaCOWBOY: NNPC is the sole importer of petrol into Nigeria. That was the FIRST THING President Buhari did on assuming office in May 2015. Nobody pays any company to import any fuel. The companies buy from NNPC and resell to the public. In order to buy from NNPC, they go through hell. At the very least, know where the blame belongs. If Nigerians want adequate petrol supply, they MUST pay full price. Same goes for university education, forex and electricity. Have a good week. 1 Like 1 Share |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by ADAMUdaCOWBOY: 9:09pm On Dec 11, 2022 |
IbeOkehie:Removing subsidy without building refineries is putting the cart before the horse. No serious country exports crude oil to import refined products. Only a rogue government will support such a silly venture. |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by udemzyudex(m): 10:00pm On Dec 11, 2022 |
JASONjnr: One of the reason why Buhari was voted in was because he is a military man,and people believe won't spare the rod,some say Nigeria need someone with iron hand to handle the country. Well here we are,the country is even more corrupt than it used to. Omo this country don tire me. |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by IbeOkehie: 10:08pm On Dec 11, 2022 |
ADAMUdaCOWBOY: Nigeria has 3 or 4 government owned refineries. Then Dangote will be on stream very soon. So what's this nonsense about no refineries? ![]() 1 Like |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by Raheeqilmaktoom: 8:27am On Dec 12, 2022 |
CheapHomes1:Looks like you either find reading difficult or just want to keep running in circles. 1 Like |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by Raheeqilmaktoom: 8:36am On Dec 12, 2022 |
acorntree: I think these are more reasons why we should restructure the country; state govts have killed the third tier of govt and they themselves have become wasteful institutions, its very difficult to find a state govt in Nigeria actually working to solve problems, all are waiting for fed govt and the little token they get every month from the centre. No single state govt in Nigeria is truly up and doing, the hardest hit are those that get too much money with unstable characters as governor's that do not know what to do (rivers eg) and the likes of zamfara that have literally become begging states, no devt whatsoever. |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by CheapHomes1: 10:29am On Dec 12, 2022 |
Raheeqilmaktoom: Since you don't find reading difficult, how come you don't understand the difference between "who" and "what"? The question is "who" and not "what". Does subsidy pay itself? 1. Who made fuel subsidy a drain pipe? 2. So you mean there's no percentage of subsidy and there's no subsidy left to be removed? You are answering the question of "what". Will PIA run itself by itself? 3. This is what I asked...Who is going to increase investments in upstream and downstream? Is lack of money the reason for the lack of investments? |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by CheapHomes1: 10:31am On Dec 12, 2022 |
IbeOkehie: You aren't even sure the number of refineries the govt has. Which of the refineries you mentioned is presently functional? |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by ADAMUdaCOWBOY: 10:33am On Dec 12, 2022 |
IbeOkehie:Build a million government refineries and they'd still go comatose! How many knocks do you need to receive to get it that some people in NNPC themselves will ensure the refineries don't work so they can import more and get more subsidy payment? Mstchew 1 Like |
Re: Oil Marketers Abandon Scheme To Break Subsidy Regime by Nobody: 9:37am On Dec 13, 2022 |
ADAMUdaCOWBOY: On the other hand, if subsidy goes, and we pay full price, NNPC will earn far more money than it currently earns....even far more than the people that are 'corrupt' envisage. Also, refineries need a healthy profit to work. Not what we do in Nigeria...sell below the cost of production and then pay a subsidy that in a few months won't be able to adequately cover the cost of production. |
(1) (2) (3) ... (5) (6) (7) (8) (Reply)
NIMASA Gets Another Acting DG / Wike, Others At PDP Christmas Party At Polo Club (Photos) / Why PDP Sued INEC (Full Court Documents)
Viewing this topic: 1 guest(s)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 52 |