Wow
I just got information that some schools in Lagos only run on Mondays and Tuesdays due to the teachers being unable to afford to come every day of the week.
With 133m people poor
Business shutting down
Are we not in Venezuela already?

adekolaelect:
Stop making yourself fool . Some reasonable Economist known that what is going on is the Foundation to rebuild Nigeria economy. No food for lazy man and the time to readjust our previous wasteful life style that many nigerians thought is the way of enjoying lives.

Will u keep quiet!!!... Or u think what's going on in Nigeria now is for idiots to come and make useless assertion on? The problem is u ppl never learn and seems u enjoy been tortured... Don't dare come in my mention with baseless opinion's especially on things u have no idea on. Rubbish

FacilitatorLekk:
What's wrong with IPMAN, as a body, must they wait for the president to r duce pump price, or is this fake news...the market is no more regulated. Does the president still have powers to call for abitrary fuel price reduction?

They enjoyed the subsidy payment so much. Some of them collect subsidy on empty vessel.

Are will missing something or this new is not correct.

By deregulation the Petrol, Government can no longer intervene in the price of Petrol, let the market force decided.

Meanwhile, if the demand continue to drop, something good will happen to the price of Petrol that we will all happy about.

E go still reduce... Make una no worry... Na una go carry una hands reduce am.... When d government was subsidising most of u guys were hoarding d fuel or not selling at full capacity... Now... Fuel is everywhere nobody get money to buy... ENKR

I thought that we were all relying on market forces.

Political jagaban economic jaga-jaga! The nation is slowly grinding to a halt, as businesses who rely on fuel to run can no longer afford to remain open. Resulting in a galloping inflation, increase in the unemployment rate and a massive reduction in the purchasing power of citizens. Whats the point of importing the fuel if no one can afford it? What’s the point of infrastructure if only a few people will afford to use them?? Obi had a step by step plan on removing subsidy, dis wan is just shooting in the dark with no plan. Oh, Onyourmandate Wisha Stan, Dr. Onaneva C. Enitin says, hi!

FacilitatorLekk:
What's wrong with IPMAN, as a body, must they wait for the president to r duce pump price, or is this fake news...the market is no more regulated. Does the president still have powers to call for abitrary fuel price reduction?

Lol, what the man is asking for is subsidy

Manson1:
Less than two months with Tinubu as president, Nigeria has already gone from bad to worse... We warned them!!!

Bitterness won't allow you to grow. Remove it.

I just dey pity our girls

Kukutenla:
Wow
I just got information that some schools in Lagos only run on Mondays and Tuesdays due to the teachers being unable to afford to come every day of the week.
With 133m people poor
Business shutting down
Are we not in Venezuela already?

Venezuela is what happens when subsidy costs eat up your revenue, the borrowed money, and the non-existent money.

Venezuela subsidizes fuel very well. Fuel costs N14 there Aand.....the country is broke , even worse than Nigeria. Their refineries are all bad, and smuggling of fuel is so bad they lose 18 billion dollars every year.

We are not a paradise, Buhari and APC and Tinubu have messed us up, but we would have been worse than Venezuela if we kept subsides on.

No more oil and gas audio billionaires

jumper524:
Ipman should look for means to attain fuel at cheaper rate so people can leave Gas that is much cheaper for fuel.
Abeg where them dey convert car from fuel to gas for this Abuja?
The smart folks are already looking for alternatives while the political minions are playing the Hardship script of evil marketers hoarding this products.
Sane people who hoarded the price of diesel until independent marketers were allowed to go into business.

bro hwf.. No be everybody get money 4 dis convertion. I hear say na 350k

Good news.

sarkinbauchi:


So South East is better with Sit at home?

You are suffering,

You still looking for who to fight with,

That one na double tragedy o!

Calm down and continue to believe in Baba Tinubu,

Maybe you will get better at last than looking for who to fight here.

Advise no be curse o!

Ikaeniyan0:
The market have been deregulated. Tinubu do not have the power to decide the price of fuel for filling stations owner.

Petrol Stations should work on converting to cooking gas and CNG stations. There is no much profit in petrol stations especially if it is private ownership. They practically now in same status as random retail businesses you see around.

That man is all about making big profit and not about the people.

They don't want to hustle hard like other traders to make money.

Now, everyone is equal, traders from every sections of trades will have to hustle hard.

Either a big or small trader.

They all need to hustle hard now.

Era of soft money and profit are gone.

Babzrockman:
IPMAN una well so. It is better u guys adjust your widemouth in profit and abide by market forces. As demand low, reduce price na

There's no wide profit margin, I'm telling you the truth. Let Tinubu work on dollars that is all.

Clown. Must be something about his name. Tinubu can't do shit about the pump price man!

Hnmm.

No need to reduce pump. Tinubu must not succumb to blackmail

No going back on subsidy removal. We must all face it head on. If the business is no more lucrative for you, then find another business.

The need for CNG/LPG dispense station had been established, channel your funds to it and leave petroleum business if you are finding it difficult to break even.

Tinubu is doing a very good job. I love this.

He should just make the dollar 1000 naira before the end of July. Jagaban is working and he is the only one wey fit make yoruba to ronu

Manson1:
Less than two months with Tinubu as president, Nigeria has already gone from bad to worse... We warned them!!!

May your living condition and that of your family be as you've wished for Nigeria.

Bobloco:

https://dailypost.ng/2023/07/19/fuel-purchase-reduced-by-50-per-cent-reduce-pump-price-ipman-begs-tinubu/

Why beg Tinubu to reduce the price, when he has deregulated the market?

Shey dem dey whine us ni? Abi this is another lie lie propaganda deregulation and subsidy removal like in 2016

How many times did private telecom companies beg Obasanjo, Yar’Adua and Jonathan to reduce their prices after the deregulation of the sector by PDP more than two decades ago?

Subsidy removal: Tinubu backs Buhari, Falana condemns price hike

13th May 2016

A former Lagos State Governor and National Leader of the All Progressives Congress, Asiwaju Bola Tinubu, has described the decision of the President Buhari-led Federal Government to remove petrol subsidy as courageous.

The government, through the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, on Wednesday, announced the removal of the subsidy on petrol, pegging the upper limit at N145 per litre from N86.50k.

In a statement in Lagos on Thursday, Tinubu said though the decision was a difficult one, it would ultimately become beneficial to the generality of the people instead of enriching the pockets of a few Nigerians, who enjoyed the fraud of the subsidy regime.

https://punchng.com/subsidy-removal-tinubu-backs-buhari-falana-condemns-price-hike/?amp

Osinbajo: We’ve saved N1.4trn by not paying fuel subsidy

AUGUST 25, 2016

Vice President Yemi Osinbanjo says the federal government has saved N1.4 trillion for not paying oil subsidy.

Speaking in Kano on Thursday during the third day of the 15th Joint Planning Board and National Council on development meeting, Osinbajo urged Nigerians not to lose faith in Buhari’s administration, saying the president would fix the economy.

“*With the deregulation of the downstream petroleum sector*, there has been a significant increase in the availability of petrol throughout the country for the savings of N1.4 trillion on subsidy payments alone,” Osinbajo said.

https://www.thecable.ng/osinbajo-weve-saved-n1-4trillion-by-not-paying-fuel-subsidy/amp

Hmmm.... It's well

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.... and it's funny how does in charge of this platform is doing nothing about it.

Bobloco:


All you do every single day of your entire life is search for the ethnic leanings of anyone that seems to criticize Tinubu


Emancipate yourself from hate and tribal bigotry, and I promise you that your life will be better for it

Judolisco:
bro hwf.. No be everybody get money 4 dis convertion. I hear say na 350k

nope.
Na the calibrator converter cos because of excess demand. Na just 35k. Workmanship just dey like every mechanical work for generator, in less than 10min, its fixed.

Yoruba people are very useless


Look at them here commenting rubbish🚮 because tinubu is president..


Niger Delta people wassup ,. So nah because of oil in the Niger Delta is the reason yorubas are shouting 1 Nigeria.... I repeat again if Nigeria Divide➗ Chad will be better than yoruba land.. So because of oil 🛢️in the Niger Delta was the reason tinubu was fighting to be president.. Chai Niger Delta people una don suffer... Now they have diverted all the resources, sea port, international airport✈️ and Government presence to Lagos,.. Now port Harcourt is like a village.. Before you travel✈️️ to international you must enter Lagos,. I dey laugh, before you clear your container you go enter Lagos.. Before your clear your good through road from Lagos to South East and south south you go see shege for police, immigration, Army, ndlea... Yorubas are the real problem of Nigeria not Hausa and Fulani.

IPMAN AND FUEL STATIONS MUST REDUCE THEIR PROFIT MARGINS IF NOT THEY WILL LOSE BUSINESS.

Abroad, the margin on fuel sold is between 1- 5 cents. Fuel Stations are not lucrative businesses. Infact most fuel stations make their margins by having automated car washes, automated tire pumps and car vacuums, small stalls that sell lotto tickets and mini groceries. That's why fuel stations abroad are self serviced - to reduce staff/overhead costs. The opposite is the case in Nigeria but now wey fowl yanshb don open, the smart ones will reduce their margins so that they can get more customers. That is when market forces will start to play. For now, fuel stations still dey play. They are still eating with the old spoon size. Their eye go soon clear.

A COUNTRY WERE THE LAW OF DEMAND AND SUPPLY HAVE FAILED IN ALL SECTORS

Brainy007:

May your living condition and that of your family be as you've wished for Nigeria.

Oga shut up there...obi and obidients are not the cause of your calamity and failures..direct your anger at the tinubu you supported.

Blame game no dey tire una? You clamored for bat now we are helping you endorse and you turn around and think you can gaslight us into making us "enemies" of Nigeria
Next time you wont play tribal politics

Awon olodo. Tinubu is doing a great job.

If you dont agree please go and kill yourself

DeLaRue:
Subsidy is gone.

They need to adapt their business expectations to that reality.

Car owners are in severe shock right now.

Reduce staff, close some pumps, and hopefully demand increases in the coming months.

Nigerians will lose their jobs, and businesses will be affected. You think it's as easy as that?