Urchins left the chat...

OriOko88:

Nigerians are not ready for change yet.

I protested inside hot sun last week in ibadan,yet some passers-by kept mocking us telling us to leave Tinubu alone,that he just got there. Iv been very sad since then,and promised my self not to give any Nigerian money again at least for now. Our mentality is the most crude, archaic and gross any where in the world. It's a shame that millions of people still support this Tinubu shambolic govt,even amongst the literates.

We're buying fuel 910 here in ibadan yet people remain silent Asif nothing is happening. God

A country, built on: lies, tribal and religious sentiments - cannot progress. We are messing up right here in Nigeria, at the same time praying for Nigeria to get better; what a Beautiful hypocrisy!

Why has Tinubu Refused sacking NNPC Chairman??
What's happening!
Or he is one of the strongest oil Mafia in the country??
Something is definitely not right...
They have frustrated Dangote refinery efforts to remedy fuel scarcity...

God please.......

RADARADA CITIZEN OF NIGERIA SEE NOTHING YET, YOU GUYS HAVE TO LEARN THE HARD WAY, STOP BEING SILLY, WHEN COMES TO CHOOSE THE RIGHT LEADERS

We are now in the same situation we always have been several times over the years...the government does not have enough money to keep fuel at the current subsidised rate, so everyone is selling at their price.

The thing is, subsidy has to go totally. Yes, it means we will sell fuel at N1500 , maybe N1700 per liter. Yes, you can abuse me all day long.......but the problem we have with petrol in Nigeria started when someone thought it would be a good idea to help the poor by selling at a price below the production cost of one liter of fuel

Forget which party you support....you cannot bake a loaf of bread at N1000 and then come and sell it at N200 ....and be happy you helped the poor...meanwhile the losses you are sustaining.

Maintaing subsidy costs a lot of money, is rife with corruption, and costs a lot of money. It is better we ended the subsidy trap, and faced reality



You are free to abuse me. Thanks.

Johncuppa:

Your Yoruba usage got me
You're a true Yoruba person.
It looks good for Awolowo and Abiola not making it than going down with this kinda shame.

I tell you my broda. Tinubu has disgraced every yòrúba race including me for his own self interest and is a pity they are following a self center, greedy cum marabout classless politician.

Perhaps we need to ask his BOT how many of them has is self-interest help.

And d guy is so subtily divisive that since 1999 when he became Governor of Lagos state the shout of ethnicity has been loudest

nairalanda1:
We are now in the same situation we always have been several times over the years...the government does not have enough money to keep fuel at the current subsidised rate, so everyone is selling at their price.

The thing is, subsidy has to go totally. Yes, it means we will sell fuel at N1500 , maybe N1700 per liter. Yes, you can abuse me all day long.......but the problem we have with petrol in Nigeria started when someone thought it would be a good idea to help the poor by selling at a price below the production cost of one liter of fuel

Forget which party you support....you cannot bake a loaf of bread at N1000 and then come and sell it at N200 ....and be happy you helped the poor...meanwhile the losses you are sustaining.

Maintaing subsidy costs a lot of money, is rife with corruption, and costs a lot of money. It is better we ended the subsidy trap, and faced reality



You are free to abuse me. Thanks.

.

So are you now saying from 200#/litre to 630# when it was first increased govt is paying a differential of 430#/litre for Nigerians?

nairalanda1:
We are now in the same situation we always have been several times over the years...the government does not have enough money to keep fuel at the current subsidised rate, so everyone is selling at their price.

The thing is, subsidy has to go totally. Yes, it means we will sell fuel at N1500 , maybe N1700 per liter. Yes, you can abuse me all day long.......but the problem we have with petrol in Nigeria started when someone thought it would be a good idea to help the poor by selling at a price below the production cost of one liter of fuel

Forget which party you support....you cannot bake a loaf of bread at N1000 and then come and sell it at N200 ....and be happy you helped the poor...meanwhile the losses you are sustaining.

Maintaing subsidy costs a lot of money, is rife with corruption, and costs a lot of money. It is better we ended the subsidy trap, and faced reality



You are free to abuse me. Thanks.

you make good comments and analysis, let's assume we remove subsidy completely and we sell at your quoted prices above, will this still solve our fuel worries knowing fully well that the entire sector is riddled with corruption?

onyxo76:


you make good comments and analysis, let's assume we remove subsidy completely and we sell at your quoted prices above, will this still solve our fuel worries knowing fully well that the entire sector is riddled with corruption?

Well, we would still import for some time, since it is going to take time for the refineries to come on line, but I guess that eventually fuel would flow without issues.

The 'downside' is that it would be expensive. But that's sadly a harsh truth.

villagereporter:
.

So are you now saying from 200#/litre to 630# when it was first increased govt is paying a differential of 430#/litre for Nigerians?

Landing cost right now is N1117 naira, meaning that government is still paying a subsidy of at most 600 naira per liter.

If fuel was N200, that differential would be around 900 Naira per liter, which means that the government bites into the budget to pay for the subsidy and fills the hole with more and more loans.

There is a reason why many west African countries do not have fuel subsides, it's too expensive for their already battered economies.

Mr president since you are sure you are serving Nigerians and you have the interest of mass at heart, kindly return subsidy that's the only thing Nigerians are enjoying you just remove it without any plans just to suffer people.

nairalanda1:


Landing cost right now is N1117 naira, meaning that government is still paying a subsidy of at most 600 naira per liter.

If fuel was N200, that differential would be around 900 Naira per liter, which means that the government bites into the budget to pay for the subsidy and fills the hole with more and more loans.

There is a reason why many west African countries do not have fuel subsides, it's too expensive for their already battered economies.

.

Perhaps, we need to ask d olódö of a president why he did not take precautionary method before being overwhelmed by spirit on his inaugural day to proclaimed "subsidy is gone".

And who should we blame for his stupidity?
His primary aim of removing fuel subsidy is about our neighbors yet there are still smuggle fuel through bush path in Idiroko borders.

OriOko88:

Nigerians are not ready for change yet.

I protested inside hot sun last week in ibadan,yet some passers-by kept mocking us telling us to leave Tinubu alone,that he just got there. Iv been very sad since then,and promised my self not to give any Nigerian money again at least for now. Our mentality is the most crude, archaic and gross any where in the world. It's a shame that millions of people still support this Tinubu shambolic govt,even amongst the literates.

We're buying fuel 910 here in ibadan yet people remain silent Asif nothing is happening. God

E deh pain me seh Nigeria my country still stagnant for decades now,I just deh imagine how some persons brain deh inside their anus.

Some Nigerians go see truth like dis but rather dem prefer lies because of handouts from this clueless politicians.

I still deh wonder ooo seh some persons collect money to counter peaceful protest oooo in fact nah 9th wonder of the world.

The basic of life nah steady electricity,good road network,standard health care system,housing,water,qualitative education,play ground in every neighbourhood,security,proper waste management system.

Yet Nigeria government nor fit provide all this simple basic amenities & some slowpoke deh support this shenanigans.

A lot of Nigerians go perish because of their foolishness & stupidity.

Time will tell.

I nor know why all our four(4) refineries weh we get nor fit work till today.

Na so so big big grammar both past & the present government deh always tell us.

Who do us this kind thing?

nairalanda1:


Well, we would still import for some time, since it is going to take time for the refineries to come on line, but I guess that eventually fuel would flow without issues.

The 'downside' is that it would be expensive. But that's sadly a harsh truth.

good reasoning, however, do you really think those involved want any refinery to ever work? look at what's happening to the dangote refinery.
Ask yourself why have the ones we have never worked in almost 4 decades?
Some people are feeding fat on this import of fuel and will do everything possible to make it stay that way.
you and I are simply at the receiving end of this problem.

DeepSight:


There was budget allocation up till the end of June like you yourself noted. Why then did he remove it on day one?

he announced it was gone cause at the end of june no one was going to pay for it again....it was the marketers who took advantage knowing there was no more free money to start selling what they already had at inflated prices.....like say you no know your Nigerian people.......they did that to shift conversation and mount pressure in hopes that he would back track which he refused....

dmz1:


i am not a fan of subsidy, but your reasoning is very poor at best and at worst cloaked in ethnicity. there is what is called supplementary budget to capture omitted items why didnt tinubu do that if that is the reason for him not continuing the subsidy regime

you're the one bringing ethnicity into the matter cause all candidates promised in their manifesto to remove subsidy.....and it's obvious you don't know anything about politics or the rules of power cause if small pressure will make your candidate to start chasing supplementary budget and be backtracking then it means he is weak willed and anyone can ride him and be pressing his mumu button the way they were controlling jona wey him no fit see road......

Salewa97:
The ongoing investigation would unravel the cause of the current fuel scarcity. All those who have been profiting from the fuel subsidy scam are not happy with the current development.

Make una no worry, all the cockroaches hiding in the dark would soon be exposed

I hope it will include the Malta affairs

Where is RENO OMOKIRI when you need him?

Yes, I will move to Nigeria and live so I can take the chance of becoming the next Gbenga Agboola, Dangote or Don Jazzy !!! That way I can send my servants to sleep at the petrol station to buy petrol for me.

I say una de craze !!!

Good Luck to Nigerians!

ivandragon:
Bat does not have a good grasp of what it means to govern and administrate.

No doubt, he is a very cunning and successful politician, but a piss poor administrator.

My sentiments exactly!

He’s a very devious person….a character trait that’s useful for navigating and succeeding in the murky waters of Nigerian politics! But when it comes to actual administration and governance….especially of a complex country grappling with socio-economic and security challenges, dude hasn’t got a clue and can’t tell his left from his right! I mean, how can someone just after being sworn into office, stupidly declare with arrogance and braggadocio that ‘subsidy is gone’, without first studying the situation and knowing the implications and impact of the removal!? Then few weeks later, they go ahead and float the naira in a country with no production base and no steady and reliable source of FOREX to back up demand!? These two mistakes are unforgivable and primarily responsible for where we find ourselves today!

ivandragon:


https://www.sunnewsonline.com/fg-mute-as-fuel-scarcity-worsens-hits-n990-litre/

Make I no lie, Nigeria no understand Tinubu again.

Be like hinsef don dey use gbajue for us

annyz:
Where is RENO OMOKIRI when you need him?

Busy surfing the net, frantically looking for the next statement Peter Obi made!

onyxo76:
good reasoning, however, do you really think those involved want any refinery to ever work? look at what's happening to the dangote refinery.
Ask yourself why have the ones we have never worked in almost 4 decades?
Some people are feeding fat on this import of fuel and will do everything possible to make it stay that way.
you and I are simply at the receiving end of this problem.

The major reason the 4 major refineries and haven't worked is because THE PEOPLE of Nigeria have insisted that they must remain under government ownership AND government must continue subsidizing the price of petrol. Those subsidies are the major reason private refineries haven't been able to operate sustainably and efficiently. Yes, it's that simple.

The PDP government of President Obasanjo SOLD one or some of the NNPC refineries in 2007 or so. The buyer paid and the government under President Yaradua revoked the sale and REFUNDED the money. Whenever I bring up this subject, every Nigerian will say they don't remember. How come?

https://www.spglobal.com/marketintelligence/en/mi/country-industry-forecasting.html?id=106597856#:~:text=Published%3A%2020%20July%202007%20Nigerian,refineries%20following%20huge%20public%20outcry.

Because of the vast public outcry over the sale of two of Nigeria's refineries to a domestic consortium involving reportedly the wealthiest businessman in the country, Bluestar Oil has decided it will cancel the agreement and the Nigerian National Petroleum Corp. (NNPC) will once again take over the running of the facilities.

Members of Nigeria's two main oil unions—the National Union of Petroleum and Natural Gas Workers (Nupeng) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (Pengassan)—stated that the two refineries were wrongly sold by the BPE. The sale of the two firms was completely lacking in transparency, they claim, and the unions also stated that no due diligence was carried out and that the Port Harcourt refinery was worth close to US$5 billion, roughly nine times the amount it was actually sold for. The sale of the refineries to Bluestar was a contributing factor in a general strike that paralysed the Nigerian economy for four days in June.

Bluestar Oil wrote to the BPE yesterday (19 July) stating that it was pulling out of the deal as a result of the widespread criticism. The consortium is expected to receive a full refund and ownership of the refineries will revert to the NNPC. Bluestar added, however, that it would give the state energy firm 12 months to improve the refining sector and, if this does not happen, would make another bid for the two refineries at a renegotiated price.

Google Search on the subject.

https://www.google.com/search?q=refinery+sale+reversed+in+nigeria+2007&rlz=1C1NDCM_enUS837US837&oq=refinery+sale+reversed+in+nigeria+2007&gs_lcrp=EgZjaHJvbWUyBggAEEUYOTIHCAEQIRigATIHCAIQIRigATIHCAMQIRigATIHCAQQIRigATIHCAUQIRigAdIBCTE2MjYyajBqOagCALACAQ&sourceid=chrome&ie=UTF-8

Compare and contrast - the sale of all the various government owned cement companies were successful. Today government doesn't own any active cement factory, prices are NOT regulated and cement scarcity is a thing of the past, there's plenty of cement in the market for everyone to buy.

Please everyone get informed. Nigeria is a democracy, THE PEOPLE get exactly what they want.

Good Luck to Nigeria.

Nebuchadnezar:
😂

Let's analyse this
that Ronu bastard gateman who will definitely earn 50k or less every month will definitely transport himself to work or if he sleeps in the company what will be his take home ?
na so he wan take start family ?
yet he supports the criminal tinubu because he's a Ronu bastard ?
what a people.

VinnyBaba:


Stop complaining and produce your own Fuel.

Or
Use Kerosine Lamp to Light up your house and like Hausa Iron Condemn Boys, Use Legedeze to move everywhere- EVIL, STOOPID APC/Tinibu AgbadOrians.

😂😂😂

The most useless
leader ever
.

ivandragon:


Lagos has been in existence long before bat.

Besides, governance is mainly about 3 key things...

1. Security of lives & property.
2. Increase in purchasing power of the common man.
3. Reduction in cost of living for the average citizen.

No matter how beautiful your policies are. Or how massive your infrastructural projects are... if they do not significantly influence those 3 key areas of governance, they mean little in the big picture.

All the three things you mentioned didn't even reflect in Tinubu's government as the governor of Lagos State. He ruined Lagos

nairalanda1:
We are now in the same situation we always have been several times over the years...the government does not have enough money to keep fuel at the current subsidised rate, so everyone is selling at their price.

The thing is, subsidy has to go totally. Yes, it means we will sell fuel at N1500 , maybe N1700 per liter. Yes, you can abuse me all day long.......but the problem we have with petrol in Nigeria started when someone thought it would be a good idea to help the poor by selling at a price below the production cost of one liter of fuel

Forget which party you support....you cannot bake a loaf of bread at N1000 and then come and sell it at N200 ....and be happy you helped the poor...meanwhile the losses you are sustaining.

Maintaing subsidy costs a lot of money, is rife with corruption, and costs a lot of money. It is better we ended the subsidy trap, and faced reality



You are free to abuse me. Thanks.

Abeg Oga u talk too much everything u always say the government should do always turns out to be totally different every single time better to be quite and observe instead of talking like someone that thinks he understands what is actually going on mtchewwwww

nairalanda1:


Well, we would still import for some time, since it is going to take time for the refineries to come on line, but I guess that eventually fuel would flow without issues.

The 'downside' is that it would be expensive. But that's sadly a harsh truth.

I just found out u are not a smart person all ur talk are based on theories and not practicals 😂😂😂😂 if I employ a person like u to run my business I go suffer serious loss and setback