Stats: 3,191,121 members, 7,943,050 topics. Date: Sunday, 08 September 2024 at 12:15 AM |
Nairaland Forum / Nairaland / General / Politics / Petrol Price Hike Will Worsen Inflation - Punch Editorial (6342 Views)
Electricity Tariff Hike Will Further Impoverish Nigerians - Northern Elders / Crowdfunding Ransom Will Worsen Kidnapping, Badaru, Defence Minister Warns / Vat Hike Will Impoverish Nigerians - Take It Back Movement (2) (3) (4)
(1) (2) (3) (4) (5) (6) (7) (Reply) (Go Down)
Petrol Price Hike Will Worsen Inflation - Punch Editorial by Bobloco: 2:31am On Sep 07 |
TUESDAY’S petrol price shock has heightened fears of further increases in inflation numbers. This is bound to inflict more pain on citizens and businesses. The NNPC Ltd. raised pump prices to N855 and N897 per litre up from N617/l a few days after the national oil company admitted it was in dire financial straits. Independent marketers adjusted their prices to between N930 and N1,200/l. https://punchng.com/petrol-price-hike-will-worsen-inflation/ 4 Likes 1 Share
|
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by worksmart(m): 3:12am On Sep 07 |
They now calling it a hike and not subsidy removal! Do you wonder why? Because Nigeria has never subsidized fuel and the lie and scam is to call massive fuel hikes subsidy removal as it is more paletable lie to justify the massive hike or essentially fuel tax that there are no accountability about how the revenue accrues is spent. However they wise enough not to over-use the term "subsidy removal " before they prompt Nigerians to start think about what is really going on with the fuel prices and discovering the deception. 28 Likes 3 Shares |
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by Prosperous111(m): 3:18am On Sep 07 |
Una never see anything... It will keep getting worse no doubt. 18 Likes 1 Share |
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by givedemwotowoto: 3:22am On Sep 07 |
If this hardship doesn't cure the tribal bigotry in your blood for the next election, then nothing can cure it 75 Likes 4 Shares |
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by washmibili: 3:30am On Sep 07 |
If this inflation rise above this it will affect me severely. 6 Likes
|
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by nairalanda1(m): 3:37am On Sep 07 |
worksmart: Nigeria is subsidisng fuel now.. The landing cost of fuel is close to N1200 per liter. Even with the recent hike, the government is still paying something close to N200 in subsides or more Without subsidy we would be paying something like N1300 or more per liter of fuel It also costs N720 to refine a liter of fuel as well. 40 Likes 3 Shares |
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by nairalanda1(m): 3:41am On Sep 07 |
givedemwotowoto: I believe that APC should have been voted out this last election (and in fact, APC would have lost the election if not for the division in the opposition)...but if your preferred candidate won, the same thing would have played out. The problem is years of subsidising fuel have contributed to a massive debt problem for Nigeria. Keeping fuel below its production cost for years has meant years of deficit budgets and more deficit budgets.....meaning as at August 2022, we were spending 90% of our revenue on debt servicing. A graded removal of fuel subsidy as some were proposing would have still left us in more debt (and tinubu is doing the same thing). At the end, we should have removed subsidy in 2012. Even earlier. DeepSight: Ladies and gentlemen, let's give a warm welcome to the god of this world....who made the above comment. DeepsightX: I am indeed so blessed and honored that the god of this world has quoted me again using his alternate monicker. I am very happy. 48 Likes 1 Share |
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by givedemwotowoto: 3:57am On Sep 07 |
![]() |
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by Iamanoited: 4:03am On Sep 07 |
YES YOU ARE RIGHT. THIS IS TINUBULATION. 4 Likes |
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by Racoon(m): 4:32am On Sep 07 |
Tinubu just dancing gwo gwo gwon with Nigerians. Criminals don't mean any nation well. Fuel subsidy is the biggest political scam ever visited upon this nation. |
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by Sannisege: 6:02am On Sep 07 |
Shebi before una dey shout full deregulation of the downstream oil sector. Now wey |
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by VinnyBaba: 6:04am On Sep 07 |
All APC/Tinubu supporters should hide their Heads in SHAME. ![]() ![]() E no go better for una. ![]() 3 Likes |
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by Googledotcom: 6:10am On Sep 07 |
The rate at which I'm seeing big people in public vehicles is becoming alarming these days. They're so use to their private cars that they deliberately refuse to adjust for passengers to sit comfortably. 14 Likes 1 Share |
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by mmadu4: 6:15am On Sep 07 |
Nigeria has gone to dogs. USELESS AND FOOLISH Nigerians voted for this disaster 7 Likes |
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by Oshkosch: 6:15am On Sep 07 |
R |
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by callmevirus(m): 6:16am On Sep 07 |
Nothing concern me but E dey mind Let's vote Like for goat🐐 Share for Tinubu 16 Likes |
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by Blazetrailer: 6:17am On Sep 07 |
Nigerians have not suffered enough. When they start eating themselves alive on the streets,then i will know they're truly suffering.....nobody will tell them to revolt 8 Likes |
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by Chenzy(m): 6:19am On Sep 07 |
Before nkò,May God deliver us from bad government,God bless Nigeria |
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by TemmyT002(m): 6:20am On Sep 07 |
APC is a disgrace to humanity Arrogant, selfish, wicked, incompetent, etc. The next prayer is for God to push them out. 2 Likes |
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by patrickcollins: 6:20am On Sep 07 |
Iamanoited:Tinubu is evil and wicked, a selfish man that got nothing meaningful to offer 3 Likes |
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by Gadafii: 6:20am On Sep 07 |
At this point, the demonic APC party is worse than hit-lers nazi and pharaohs Egypt combined ![]() Right under our nose, Nigeria slipped into this mess and we couldn't do anything, Mahmoud yakubu scammed Nigerians by selecting this forsaken drug lord for us, may his unborn generation suffer worse realities than Nigerians are facing right now 5 Likes |
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by Quelme: 6:21am On Sep 07 |
The right step in the right direction. Tinubu is on the right track. We need to get behind our president, the people's president. Full removal of subsidy.... |
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by Naira20: 6:23am On Sep 07 |
Yes but those people's votes were not enough to rig him in. In Lagos, out of 7million registered voters, less than 160,000 fools voted for Tinubu. Tell me which states voted for him? Is it Osun where his nephew was just removed? Or Kano where kwakwanso held sway? Tinubu didn't win the elections, Peter Obi won. mmadu4: 6 Likes |
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by asakoko: 6:23am On Sep 07 |
Is crude oil a blessing in disguise to Nigeria? 1 Like |
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by Softmirror: 6:28am On Sep 07 |
Naira20: 🤣🤣🤣🤣🤣 3 Likes |
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by giacomogiovanni: 6:32am On Sep 07 |
nairalanda1: Tinubu and his band of criminals refused to allow President GEJ the freedom to do it then. 2 Likes |
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by HenryThegreat1(m): 6:34am On Sep 07 |
For reality yes but for paper no, watch tinubu will manipulate the figure and inflation rate will be reducing on paper and his online zombies will be circulating the fake figure. 2 Likes |
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by arabbunkum: 6:34am On Sep 07 |
They're teaching Peter Obi and the Igbos a good lesson 😊 4 Likes |
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by Funkyswagzz(m): 6:34am On Sep 07 |
nairalanda1: Bros Nigeria is not productive. Look at these keys issues: the palm oil we use to export was stopped, the ajokuta steel plant was never completed, the refineries stopped operation, and most importantly we do not generate enough electricity. If these four issues I mentioned are resolved Nigeria will be at a better place. We are our own problem stop talking about removing fuel subsidy other countries do pay subsidy. Taking off subsidy is like running away from your problems because you are too lazy to solve it. Even the gold and other minerals mined in the north do not reflect on our federal coffers. 7 Likes 1 Share |
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by tnerro1(m): 6:39am On Sep 07 |
GEJ should contest the 2027 election, tinubu will be a goner before sunset 3 Likes |
Re: Petrol Price Hike Will Worsen Inflation - Punch Editorial by jayce232: 6:45am On Sep 07 |
washmibili:You will take it. Nigerians only make mouth & adjust to every situation. Who would have thought 2 years ago fuel will sell for 1k by now & people will queue to buy it? Fuel will get to 3k by next year & people will only make mouth & adjust. 2 Likes |
(1) (2) (3) (4) (5) (6) (7) (Reply)
My Letter To Ogbakor Ikwerre / Ribadu Report Didn’t Follow Terms Of Reference - Okupe / Yakubu Dogara Meets With British Delegates (Photos)
Viewing this topic: grandstar(m)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 41 |