OasisX:
.....DR PMS is now available. Let's wait and see how it goes, but I am so hopeful Prosperity is close.

Nigeria sell crude oil to them in Naira, in return they will PMS to Nigerians in Naira. A big relief on fx, like 40% of our fx go to PMS importation.

Prosperity is within the reach, we are so close more than few months ago.

OasisX:
Right now, as we have this refinery working, it will show the true consumption of Nigeria. We can track every single loaded truck, and we try as much as possible to track loaded ships.

- Aliko Dangote

OasisX:
Right now, as we have this refinery working, it will show the true consumption of Nigeria. We can track every single loaded truck, and we try as much as possible to track loaded ships.

- Aliko Dangote

OasisX:
.....DR PMS is now available. Let's wait and see how it goes, but I am so hopeful Prosperity is close.

Nigeria sell crude oil to them in Naira, in return they will PMS to Nigerians in Naira. A big relief on fx, like 40% of our fx go to PMS importation.

Prosperity is within the reach, we are so close more than few months ago.

swiz123:


Izzou , your comforter has dropped some words of motivation.

Ihebu4chelsea:
If to say Curses dhe work. I for curse you I swear

liveLongNprospa:
Lmao.. I dey inside queue, conoil stop to sell.
They are about to increase price live😂.

liveLongNprospa:


In Lagos?

Theflint1:
That's what I heard on radio, several persons called in to confirm, that the prices were being changed in their presence.

BlueRayDick:


This shiiit happened to me on May 29th 2023 after the most useless inaugural speech ever.

The thing can be very painful

Theflint1:
That's what I heard on radio, several persons called in to confirm, that the prices were being changed in their presence.

GloriousGbola:



Steps that should have been taken years ago. Now the cancer has metastasized and the surgery is going to be a bitch. All of a sudden nnpc is discovering illegal refineries that have been hiding in plain sight.

Shit is hard and getting harder

GloriousGbola:


NNPC is rolling out cng but like you said it is capital intensive and nnpc as a company is run like a federal parastatal. It may actually be better for their performance if their retail is actually ovh energy and that culture takes over.

Theflint1:
And isn't it ironical that you're riding for the people that prevented those steps from being taken years ago?

LordAdam16:


I don't think the culture will move the needle much.
The fundamentals are f*cked.

Lokpobiri is saying some 25 to 35m liters of gasoline are smuggled out daily.
Total import is around 50 - 60m liters.
To put that in perspective, in 2022, Egypt's total was 31m liters per day. South Africa was 25m liters.

For our immediate neighbors, Benin is 3m. Niger is 0.7m. Chad is 0.8m. Cameroon is 2.1m. That is 6.6m liters total.
Niger and Chad can already smuggle even cheaper gasoline from Libya.
Togo, Burkina Faso, Mali, and Ghana are 12.4m combined. And at a certain point, transport over land wrecks the profit margin.

The subsidy regime is monumental waste.
They just write whatever consumption figures they like and pocket the monetary equivalent.
Replace NNPC with a private company and it'll be no different.
We don't have to hypothesize. Under the PDP subsidy regime, that's exactly what the private briefcase companies did.

You know you are in SHTF territory when Atiku and Tinubu can look at a scale of thievery and say "this is too much".

cc izzou

-Lord

Ihebu4chelsea:
If to say Curses dhe work. I for curse you I swear

BlueRayDick:


Tinubu has to be the on top of the list of Nigerian president's that don't give a 4ck about optics and conflict of interests. He runs things like mafia.

How can u be so self unaware as to awarding contracts to someone like Chagoury without even giving any 4cks?

iamoyindamola:

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

Ibime:



Great analysis

This would suggest the problem is not smuggling but writing of phantom numbers

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

GloriousGbola:



Steps that should have been taken years ago. Now the cancer has metastasized and the surgery is going to be a bitch. All of a sudden nnpc is discovering illegal refineries that have been hiding in plain sight.

Shit is hard and getting harder

Ihebu4chelsea:
If to say Curses dhe work. I for curse you I swear

afrodoc2:


Are you admitting that jazz is not real?

Ihebu4chelsea:
I didn't say jazz oooo.

afrodoc2:


But don't people use several methods to use jazz to curse? Examples are turning pot, using village people, or using ultrasonic waves like Afose.

OasisX:


.....absolutely, before December we will all be feeling it and dropping testimonies instead of usual wailings on this board.

afrodoc2:


But don't people use several methods to use jazz to curse? Examples are turning pot, using village people, or using ultrasonic waves like Afose.