GloriousGbola:


you know as well as i do that border controls will continue to fail
those directives by ppmc officials [no jerrycans in stations, no peddling by stations) also failed
any form of petrol subsidy is going to fail because multiple nigerians will turn it into a hustle

it is the same way we cannot fix oil theft

police, customs, frsc, army - they will simply collect their cut and send the smugglers on their way.

50% of the current problem is because it is more profitable to move fuel to the border rather than sell here. if i buy fuel from mobil at 620 and sell it in togo at 1300, it is good business for me. that is what diversion is.


as a 101% hustler, you know that all border controls are as effective as police checkpoints.

iamoyindamola:

And water business because people will trek
Let's collaborate and reduce the price of water
We will steal others customers while serving quality
The only thing is emilokan govt fit kill us with tax

Lagos dey buy pure water 2 for 50 naira and we dey complain

izzou:


Lagos dey buy pure water 2 for 50 naira and we dey complain

iamoyindamola:

We return it to 250 per bag
Table water 100

Bottle water dey go 300 straight.

I miss the comforting words of OasisX

izzou:


You are looking at it from one side.

As the naira continues to fall, it will always be profitable to sell in Togo. Even at 855, it is profitable.

So a poor man in Sokoto should buy fuel at 1500 per litre, because we don't want smugglers to carry fuel?

Is this really the best solution

izzou:


Bottle water dey go 300 straight.

I miss the comforting words of OasisX

BlueRayDick:
If by October 1st there’s no revolt in this country , I will believe indeed juju is real and Tinubu’s juju man is the greatest juju man that ever liveth.

izzou:


You are looking at it from one side.

As the naira continues to fall, it will always be profitable to sell in Togo. Even at 855, it is profitable.

So a poor man in Sokoto should buy fuel at 1500 per litre, because we don't want smugglers to carry fuel?

Is this really the best solution

iamoyindamola:

No it's because of his arrogance
The same deal gala are offering is almost as Chelsea own yet he refused

iamoyindamola:

Omo I am scared
I don't think people will wait till then
It's never been this so very bad

GloriousGbola:


if they dont reach the actual price, the smuggling will continue.

it is what it is, and it is 101% fked up

all this talk about banning jerrycans, stopping people with jerrycans in their cars, is about curbing smuggling.

quite literally they are doing diversion in stations.

black marketers come with 5 to 10 50 litre jerrycans even when there is no scarcity

nihilistjnr:


The issue is that the government cannot afford to subsidise fuel anymore.
The corruption around subsidy including the fuel price arbritrage shenanigans was a small price to pay when maintaining fuel subsidy was a priority to the government.

The real thing to be concerned about is that the government is so broke, its actually taking drastic steps to combat inefficiencies.

Omo. At this rate, if you can raise money to enter anywhere in Europe from Albania to Zurich, my brothers in Christ, it is time to move. This is only the first wave.

BlueRayDick:
It has happened !

Emilokan gang; over to thee!

Ask yourself, is it still favoring u and ur family in Jesus name?

GloriousGbola:


if they dont reach the actual price, the smuggling will continue.

it is what it is, and it is 101% fked up

all this talk about banning jerrycans, stopping people with jerrycans in their cars, is about curbing smuggling.

quite literally they are doing diversion in stations.

black marketers come with 5 to 10 50 litre jerrycans even when there is no scarcity

LordAdam16:


The problem is twofold.

1. We failed to fix the electricity deficit.
2. We can't wean Nigerians off cheap energy without something else picking the slack.

Fixing electricity and pushing gas as a relatively affordable alternative are both very capital and time-intensive endeavors.
We are essentially stuck. Capital best utilized in fixing electricity is being expended on subsidy.

They'd slowly raise gasoline prices until it hits parity. Now it's 850. Early next year, it'll be 1100.
I pressed for a 100K minimum wage partly for this reason.

-Lord

Ihebu4chelsea:
Prosperity is Close.......

izzou:


You are looking at it from one side.

As the naira continues to fall, it will always be profitable to sell in Togo. Even at 855, it is profitable.

So a poor man in Sokoto should buy fuel at 1500 per litre, because we don't want smugglers to carry fuel?

Is this really the best solution

izzou:

nihilistjnr:


The issue is that the government cannot afford to subsidise fuel anymore.
The corruption around subsidy including the fuel price arbritrage shenanigans was a small price to pay when maintaining fuel subsidy was a priority to the government.

The real thing to be concerned about is that the government is so broke, its actually taking drastic steps to combat inefficiencies.

Omo. At this rate, if you can raise money to enter anywhere in Europe from Albania to Zurich, my brothers in Christ, it is time to move. This is only the first wave.

iamoyindamola:

Omo I am scared
I don't think people will wait till then
It's never been this so very bad

LordAdam16:


The uncomfortable truth is that the poor man in Sokoto should buy fuel at 1500 per liter.
That is the fair market price.

Say your relative is running a store.
You may get merchandise at F&F discount. A regular customer will get at cost price + profit margin. Your relative makes less profit on you.

Now let's run an hypothetical where if your relative buys the product at N1000.
Sells it to you at N600. That's a loss of N400.
Let's go further. You start collecting more products than you need at N600 and reselling them on the open market at N1300.
How long will your relative remain in business?

We've structured our economy to run on subsidized gasoline and it is unsustainable.
If we were a country of 5 million people, it wouldn't be a big deal.
The trouble is how to fix this debacle without sparking widespread unrest.

-Lord

izzou:


Is there any data on how much fuel is lost through smuggling daily?

izzou:


Bottle water dey go 300 straight.

I miss the comforting words of OasisX

Segedinho:


NNPC benin is #855,independent marketers go rch #1500

izzou:


Is there any data on how much fuel is lost through smuggling daily?

OasisX:

Ihebu4chelsea:
Is prosperity still Close?