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Nairaland Forum / Nairaland / General / Politics / Fuel Scarcity: At ₦850/ltr Queues Resurface In Lagos; Motorists, Commuters Groan (16114 Views)
Gridlock As Fuel Queues Resurface In Lagos / Queues Resurface As Tinubu Announces Fuel Subsidy Removal / Petrol Queues Resurface In Abuja (2) (3) (4)
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Re: Fuel Scarcity: At ₦850/ltr Queues Resurface In Lagos; Motorists, Commuters Groan by Uncletony(m): 9:29am On Jul 28 |
Tomorrow is the D day! No going back. #Thief.nubu must go 1 Like |
Re: Fuel Scarcity: At ₦850/ltr Queues Resurface In Lagos; Motorists, Commuters Groan by psalmistkakah(m): 9:29am On Jul 28 |
Lagos is just like Barcelona of Ronaldinho and Messi time, even a local coach will do well, being a Governor of Lagos state makes u look like a super governor, Lagos have everything in place, the fund, the elite and well manner culture...just do right and everything fall in place... Nigeria is a complex country where tribe interests must be protected...So u have to be very smart like. OBJ to rule this country....Tinubu never saw this coming....First error was removing subsidy without precaution......This subsidy of a tin since the time of Gowon every president that comes will dodge it ...u supposed reason am, u never entre office u remove subsidy....there is hunger in the country....... 3 Likes |
Re: Fuel Scarcity: At ₦850/ltr Queues Resurface In Lagos; Motorists, Commuters Groan by Jostoman: 9:33am On Jul 28 |
JASONjnr:the idea of FG is to keep majority of Nigerians in filling station so that majority of Nigerians will not be able to participate in the coming protest. |
Re: Fuel Scarcity: At ₦850/ltr Queues Resurface In Lagos; Motorists, Commuters Groan by CSTRR: 9:36am On Jul 28 |
Tinubu's supporters are buying it cheaper. God forsaken children of perdition. 3 Likes |
Re: Fuel Scarcity: At ₦850/ltr Queues Resurface In Lagos; Motorists, Commuters Groan by sharpwriter(m): 9:36am On Jul 28 |
Uncletony:Bàbá, do you have a calendar at all? Tomorrow is still 29th of July, not August 1 2 Likes |
Re: Fuel Scarcity: At ₦850/ltr Queues Resurface In Lagos; Motorists, Commuters Groan by Shikini: 9:37am On Jul 28 |
Nigeria jaga jaga . |
Re: Fuel Scarcity: At ₦850/ltr Queues Resurface In Lagos; Motorists, Commuters Groan by Nwagukosy: 9:38am On Jul 28 |
This is for those who have the time and patient to read. But if you want to understand the situation of things in Nigeria, fuel price increase and the attendant hardship, read this👇 Anonymous NG @AnonXNG Copied.... When I saw the Malta 🇲🇹 TV NNPC comment by Dangote, I suspected there was more to it. Our group decided to investigate further. Our discovery was deeply shocking. Thread ! Firstly I will breakdown the whole Oil theft process and how Oil exporting and importing business works here in Nigeria . NNPC grants importation licenses to a select group of oil companies, which are responsible for importing petroleum products into the country. These companies set the prices for petroleum products, and the media often refer to them as "oil marketers." We’ve another set responsible for exporting/selling unrefined petroleum products both locally nd internationally. NNPC nd few partner companies plays a major role in this sector, along with high-ranking govt officials, military leaders, & politicians who r involved in oil theft. To better understand this thread i will briefly explain how oil exportation and importation works in Nigeria. Please note every point I will list you will need them as reference as we progress, very important 1. Extraction: Oil is extracted from the ground using drilling rigs. 2. Processing: The crude oil is exported(internationally) to refineries where it is processed into refined products 3. Transportation: The processed oil are transported from the refinery to storage tanks, blending facilities, and ports, typically via pipelines or ships. 4. Export: At the port, the oil is loaded onto tankers or other vessels and shipped to Nigeria and other countries 5. Sale: The oil is sold to buyers in Nigeria at a price set by the importer (oil marketer). The government subsidizes a significant portion of the oil price to make it more affordable for citizens, a practice known as fuel subsidy. Now let’s link the list together Recently, Oando PLC announced the approval to acquire 100% of Nigerian Agip Oil Company. This effectively means that the Tinubu family now owns Agip Oil, which is part of Eni S.p.A., an Italian multinational oil and gas company. Agip Oil operates 17 onshore oil blocks and produces 11 million barrels of oil and condensates annually, and it also manages the Bonny natural gas liquefaction plant. One might wonder why such a successful company would divest 100% of such a critical asset. Observing similar situations, like the case with Dangote, suggests that this sale was not made lightly. Now, these crucial oil fields and plants in Nigeria are under the control of Tinubu through Oando PLC which is Tinubu’s family owned not even NNPC. Stay with me please Continuing, with their control over substantial oil reserves in the Niger Delta and the ability to explore further through Agip Oil, their next step is refining. Instead of building a refinery in Nigeria, they opted to construct one in Malta 🇲🇹. This move allows them to exploit the country's resources and obscure their activities. In early 2021, Enemed Co Ltd, the leading fuel supplier in Malta, issued a tender for the leasing of storage tanks and a blending facility at the Ras Hanzir Oil Terminal in Malta. Ras Hanzir Oil Terminal Limited won the bidding. It is owned and operated by the Tinubu family, with Wale Tinubu, who is also the chairman of Oando PLC, serving as its chairman along with other members of the Tinubu family and their associates. The company has already established a functioning refinery in Malta, they have now acquired the storage tanks and blending facility oil terminals, which were recently exposed to the public. Stay with me please After Tinubu was sworn in as president, his first major move was to announce the removal of fuel subsidy, while the government continued to pay in secret, allowing him to increase petroleum product prices. This move was designed to benefit his own monopoly. With the recent forced acquisition of Agip Oil by Oando PLC, Tinubu as an individual has become the largest oil exporter, explorer, and marketer in the whole country, second only to NNPC. Here’s the pattern: Tinubu, through NNPC, will sell Nigeria’s oil to himself at a low price via his company in Malta. He will also explore, extract and export oil using his newly acquired Agip Oil Company, which operates across the Niger Delta states of Ondo, Edo, Delta, Bayelsa, I’mRivers, Imo, Abia, Akwa Ibom, and Cross River. Tinubu will then buy back the refined oil from his company in Malta through NNPC and as an oil marketer via one of his companies OVH Energy(Oando) at a higher price and export them back to Nigeria The refined oil is sold to the Nigerian public at a high price, while the subsidy, although officially removed, is still being paid secretly. Essentially, Tinubu is paying himself subsidy.‼️ This scheme an extraordinary level of financial exploitation Even after he leaves office, and Nigeria remains without refinery which he will make sure of, his Oil Monopoly over the country will remain standing. As if that is not enough, the govt will still pay him for subsidy! He sold Over 2 Billion Dollars worth of petroleum products to Nigeria through the Malta refinery just in 2023 alone, that’s an example of what the future of Nigeria Oil importation will look like That’s why he will fight the Dangote refinery with everything he has; if it becomes operational, his multi-trillion-naira oil monopoly enterprise will collapse. The price of petroleum products like fuel will keeping increasing, while he still pays himself subsidy. Considering his age, one might wonder what he needs all this money for, other than sheer greed. It's truly disheartening. 9 Likes 2 Shares |
Re: Fuel Scarcity: At ₦850/ltr Queues Resurface In Lagos; Motorists, Commuters Groan by elmodee7(m): 9:39am On Jul 28 |
It's a deliberately attempt in frustrating the planned protest. |
Re: Fuel Scarcity: At ₦850/ltr Queues Resurface In Lagos; Motorists, Commuters Groan by Samogloby: 9:39am On Jul 28 |
More reason for undecided Nigerian to join the protest. 1 Like |
Re: Fuel Scarcity: At ₦850/ltr Queues Resurface In Lagos; Motorists, Commuters Groan by frog12: 9:40am On Jul 28 |
tinubu na the petroleum minister, so wetin NASS dey wait for? lokotamak: |
Re: Fuel Scarcity: At ₦850/ltr Queues Resurface In Lagos; Motorists, Commuters Groan by manuel80(m): 9:40am On Jul 28 |
At this point it doesn’t even sense. Scarcity being a norm in a country that has billions of barrel in reserve is absolute bunkers. The system is messed up and those at the helms of affairs are just clueless. |
Re: Fuel Scarcity: At ₦850/ltr Queues Resurface In Lagos; Motorists, Commuters Groan by Uncletony(m): 9:41am On Jul 28 |
sharpwriter:We are talking off 29th. 1 Like |
Re: Fuel Scarcity: At ₦850/ltr Queues Resurface In Lagos; Motorists, Commuters Groan by CRUISEBABE(f): 9:41am On Jul 28 |
But Government said we shouldn't protest ogododo: |
Re: Fuel Scarcity: At ₦850/ltr Queues Resurface In Lagos; Motorists, Commuters Groan by nairalanda1(m): 9:42am On Jul 28 |
If you want an end to queues, the subsidy has to go |
Re: Fuel Scarcity: At ₦850/ltr Queues Resurface In Lagos; Motorists, Commuters Groan by Meteng: 9:43am On Jul 28 |
These people are playing ping pong with our lives
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Re: Fuel Scarcity: At ₦850/ltr Queues Resurface In Lagos; Motorists, Commuters Groan by ceejay80s(m): 9:43am On Jul 28 |
This protest must go on by force. What's all these nonsense in a country that has crude oil and refinery 1 Like |
Re: Fuel Scarcity: At ₦850/ltr Queues Resurface In Lagos; Motorists, Commuters Groan by ezegold4we: 9:44am On Jul 28 |
Where is Mannaqbgrills, omenka, Helinues, Madrid-guy and yarimo?? Are They tired of defending Their darling daddy Tinubu?? Anybody still defending Tinubu will never be a responsible father or mother to their family. 2 Likes |
Re: Fuel Scarcity: At ₦850/ltr Queues Resurface In Lagos; Motorists, Commuters Groan by bewla(m): 9:45am On Jul 28 |
JASONjnr:Artificial scars to take Petro to 1200 Think and be pure in mind this what they want and they will achieve it simple 1 Like |
Re: Fuel Scarcity: At ₦850/ltr Queues Resurface In Lagos; Motorists, Commuters Groan by Purevibe74: 9:59am On Jul 28 |
To people that always say pray for Nigeria, I don't know what there want God to do for us again as a country God have blessed us with Crude oil, iron ore, zinc, lead, natural gas, uranium, coal, gold, limestone, fertile land yet we are the poverty capital of the world. 3 Likes |
Re: Fuel Scarcity: At ₦850/ltr Queues Resurface In Lagos; Motorists, Commuters Groan by sharpwriter(m): 10:01am On Jul 28 |
Uncletony:You mean protest go start tomorrow? |
Re: Fuel Scarcity: At ₦850/ltr Queues Resurface In Lagos; Motorists, Commuters Groan by mipeesoft(m): 10:02am On Jul 28 |
...and to the apc e-rats too, it shall never be well with them AAAAAAMMMMMMEEEEENNNN🙏🙏🙏🙏🙏 Bobloco: 1 Like |
Re: Fuel Scarcity: At ₦850/ltr Queues Resurface In Lagos; Motorists, Commuters Groan by Uncletony(m): 10:05am On Jul 28 |
sharpwriter:Very correct! 1 Like |
Re: Fuel Scarcity: At ₦850/ltr Queues Resurface In Lagos; Motorists, Commuters Groan by blacknp(m): 10:06am On Jul 28 |
ClearFlair:Lazy man, u never start to suffer yet, still after 9 years, your ear never clear abi? |
Re: Fuel Scarcity: At ₦850/ltr Queues Resurface In Lagos; Motorists, Commuters Groan by valentineuwakwe(m): 10:06am On Jul 28 |
At this rates and limits the masses have been stretched so they wont express their annoyances through the language the government understands better...protest! |
Re: Fuel Scarcity: At ₦850/ltr Queues Resurface In Lagos; Motorists, Commuters Groan by blacknp(m): 10:08am On Jul 28 |
mipeesoft:Na so look 👀 for someone else’ to blame for you been a lazy sufferer. Na your APC neighbors make you no get anything for life abi? |
Re: Fuel Scarcity: At ₦850/ltr Queues Resurface In Lagos; Motorists, Commuters Groan by krushdripper(m): 10:09am On Jul 28 |
This is a chance for the protest to be massive in a place that it matters. This government of tinubu cannot continue to set the masses up against themselves while they impoverish them with thier calamitious greed. It Must stop. 2 Likes |
Re: Fuel Scarcity: At ₦850/ltr Queues Resurface In Lagos; Motorists, Commuters Groan by Obaranje: 10:09am On Jul 28 |
UncleKoboko:na bicycle you dey ride, if not you for no sey along isheri igondo lasu road, some stations sells for 900 mobil 850. 2 Likes |
Re: Fuel Scarcity: At ₦850/ltr Queues Resurface In Lagos; Motorists, Commuters Groan by blacknp(m): 10:10am On Jul 28 |
valentineuwakwe:After 10 days of protest what comes next? 100 days of severe suffering & austerity measures, if you like make una no go work, dey there and add more suffering to your lives, na Tinubu you dey do. |
Re: Fuel Scarcity: At ₦850/ltr Queues Resurface In Lagos; Motorists, Commuters Groan by blacknp(m): 10:14am On Jul 28 |
krushdripper:Hypocrite please just shut up, na Tinubu that has been in power for just over a year, is the reason you are in poverty abi? You are looking for a scapegoat to blame for your own shortcomings abi, what happened to the money given to your States & local governments, has it been accounted for?
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Re: Fuel Scarcity: At ₦850/ltr Queues Resurface In Lagos; Motorists, Commuters Groan by Obaranje: 10:15am On Jul 28 |
Jostoman:na from filling stations the protests go start. The stupid government have succeeded in gathering the people together already there for the incoming protest 1 Like |
Re: Fuel Scarcity: At ₦850/ltr Queues Resurface In Lagos; Motorists, Commuters Groan by valentineuwakwe(m): 10:15am On Jul 28 |
blacknp: Dont speak as if you dont know the Nigerian state....just a protest notice n the evil politicians don begin they panic n call names.. The last protest was hijack by govt just to justify the use of firearms to dispel the protesters cos they knew where it was leading to Now they have started the same stories n you are saying something different..aside protest what other language do govt hear? Haven't the masses complain n even beg for basic amenities n prices of goods to be reduce? The palliative given were hijack n resold to them by the various states govt... Am well to do n well position in one of the military services, i no dey look for work but truth be told, alot of people are suffering in this country! Oga wetin you dey even talk sef? |
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