mastengsynergy:
A clueless Government at its peak!

A very clueless one indeed.

bubu2019:
I'm planning to relocate to my village, at least nobody will border me with petrol wahalla, na mpanaka we de use dia

Lol so you charge your phone there shey.

MaziOmenuko:


Exactly! This is why I didn't support their strike for now. There are loads of wahalas in the pipeline. Soon, it will be obvious that this current arrangement the fg has with oik importers won't work. After selling in naira, the marketers will soon discover that all the cash they made in naira is useless if they can't convert to dollars and get more products.

Something like this crossed my mind before.


How were they getting their forex before now?

chigoizie7:

Come to think of it, how much of our foreign reserve in USD did buhari convert to chinesse currency? Abi some importers can't import pm's from china?

Smart! We should start yielding fruits of that China deal now. If USD is giving issues please let go the Chinese way...

GBYB:
They no longer have the monopoly. That's what the deregulation is about. You sound very smart nd I suggest you go into the business, act like a real business man nd source for the dollar through that genius means so dt Nigeria will be better for us all.

Which genius means?

Don't u get it? U can not offer what u don't have. Na d koko be dat, Ee no dey be say Ee no dey.
No amount of geniusness will save u from either getting @ CBN rate for un banned goods or getting from the parallel market.

U are a businessman, u want to make profits.
I am d exchange guy(i change money @ black market rates), I also want to make more profit.

And there is no way I can sell to others @ 345 and then sell to u @ 200. A difference of 145, assume u are exchanging 1million dollars, that means, I just lost 145million naira, while u will gain everything (Ekwe na bia, oo ndi be unu ka ndi be anyi mara ihe?).


U all will be looking @ sourcing outside naija. Don't forget about money laundering and risks associated with armed robbers, assume u want an equivalent of $1million in Benin republic currency and u can't access dollars in naija, more reason u are going to Benin, abeg multiply 1million dollars by black market of 345, can u carry 345million naira across to Benin republic? Or u can u carry billions of Benin currency across the boarder to exchang it with dollars in thier country? That is too risky.

As a good business man following the real chain of production. I will jejely buy the dollar @ naija recognised parallel market rate, import my goods, and den channel every cost to the final consumer, wetin concern me? That is d legal way of doing business, and another thing u do is considered illegal, @least not for mow wey pmb is fighting corruption and u will be encouraging it under his nose. Na sack for u.


So, my brother, if u truly understand this gbege very well, u will know that the importers hands are tied and na we masses go suffer am.

I am in a business to make profits, anything other than that is being a father Christmas, who wan do father Christmas for this kind economy?

rodbel:


Smart! We should start yielding fruits of that China deal now. If USD is giving issues please let go the Chinese way...

Maybe NNPC don rush 1st go collect those ones, u knew they will still be importing 50%.


Bros, like this eeh? We no go come out from this mess in the next 2yrs oh.

See as avengers don reduce our normal daily 2.2million bpd, to mere 1million + bpd. To even think that we are loosing over N2.4+ billion per day.

Naija is collapsed already. I for follow my sister travel go UK 12yrs ago, by now I for don become citizen oh.

this marketers self if forex no work again make them try desert naaa..we need fuel badly no be all this grammar joooo.

obailala:
Nigerias crude production has dropped from over 2.1 million barrels per day to less than 1.4million. There isnt even any crude to swap

I tell u.
I am not for Buhari. I am not for GEJ
I AM FOR PEACE

Buhari has failed those who voted him

Look @ how fuel is holding most nigerians ransom. All dis years gvt of d past had lost focus and pay neglegence 2ward dis sector becos of d corruption @ hand. See d result. "What a country"

When will we have a lasting solution to all these endless problems?
So long as dollar remains scarce at the parallel market, or fluctuates drastically then the so called N145 /litre is not feasible. At this point, maybe we should back the NLC o

babs01:
When APC say #1 go be 1$ una think say na one naira dem dey talk, na 1000 naira

Lmao! Too many silent zeros in the figure 1$ = N1(000), APC/Buhari promised their/his zombified supporters..

MaziOmenuko:
Did I not say it? I told y'all that this is not feasible. I said it that once these marketers are done selling the old stuffs they've got, we will be back to square one. The fg goofed by putting fuel price at the mercy of forex. Once dollar prices increases, fuel price will definitely increase.
Once the marketers can't get cheap forex, they will fold their arms and expect the fg to either provide forex for thenm, or allow then sell at their desired prices.

We are in for a long thing!

Of course it is the CBN duty to provide forex to foreign businessmen. There is no black market in any other country ooo. However, once they start earning dollars from crude oil export, they will be able to provide dollars at official rate. If the dollars were even provided now at official rate, the real pump price would not be up to N100 per litre.

I am only PRAYING, that CBN is not doing dubious business with forex by sending what they have to black market at a deal cut while black markets go on to bleed importers. EFCC should investigate how CBN manages forex.

chigoizie7:



Maybe NNPC don rush 1st go collect those ones, u knew they will still be importing 50%.


Bros, like this eeh? We no go come out from this mess in the next 2yrs oh.

See as avengers don reduce our normal daily 2.2million bpd, to mere 1million + bpd. To even think that we are loosing over N2.4+ billion per day.

Naija is collapsed already. I for follow my sister travel go UK 12yrs ago, by now I for don become citizen oh.

So you carry because of Chineye reject Visa?

As oil marketers begin to source for their own foreign exchange from the banks and parallel market, the rise in the exchange rate will be astronomical which will be passed on to the consumers. Nigerians should brace up for tougher times. The problem with this dispensation is mental laziness. Instead of sitting down to think and provide workable solutions that will make the life of their citizens better, they roll out quick fixes that worsens an already bad situation and from their comfort zones they tell the hapless masses that it will have to get worse before it gets better. We all know that the only people suffering are the poor masses. This government does not feel our pain. We must demand that the government do the job they are paid to do. Go back to the drawing table and come up with meaningful solution.

2dugged:
alright, what else will not go wrong in this country?

Its like this fool intentionally creates problems even when there is none. U said remive subsidy youve had your way. Let them import fuel, now you have to create another bottleneck
Maybe he wants them to buy from the chinese
SMH

See buhari life

SycophanticGoat:


So you carry because of Chineye reject Visa?

Who is dis modafvcker? Lolz.


Guy, u knew me to me last, abeg who are u? To think that u have been monitoring

chigoizie7:


Who is dis modafvcker? Lolz.


Guy, u knew me to me last, abeg who are u? To think that u have been monitoring

Lmao! This's the first time I'm seeing your post and decided to mention you.. I like being adding some bit of humour in my posts and, no I'm not monitoring you nwanne...

SycophanticGoat:



Lmao! This's the first time I'm seeing your post and decided to mention you.. I like being adding some bit of humour in my posts and, no I'm not monitoring you nwanne...

So, how did u know I am d one? My pictures ain't showing for now.

To call me "nwanne" hmm, sounds familiar. Nevertheless, who are u?

its getting clearer, one day monkey go go market, e no go return!!

apc --- CHAINS!!!

chigoizie7:


So, how did u know I am d one? My pictures ain't showing for now.

To call me "nwanne" hmm, sounds familiar. Nevertheless, who are u?

I'm just a random online dude oh! Please don't take me serious cuz even my moniker ain't serious...

PS. Called you nwanne cuz from your moniker, you appear to be Igbo and I'm Igbo myself. Nwa afo obuna bu nwanne'm nu..

vivaciousvivi:
When will we have a lasting solution to all these endless problems?
So long as dollar remains scarce at the parallel market, or fluctuates drastically then the so called N145 /litre is not feasible. At this point, maybe we should back the NLC o

If u like, back NLC from now till 2019, it will change nothing. The only way out is functioning refineries. Other than that, we can't do nothing.

Let's just pray the avengers does not cripple the economy b4 the year runs out, otherwise na inside hot water all of us dey so.

SycophanticGoat:


I'm just a random online dude oh! Please don't take me serious cuz even my moniker ain't serious...

PS. Called you nwanne cuz from your moniker, you appear to be Igbo and I'm Igbo myself. Nwa afo obuna bu nwanne'm nu..

Nwanne parkia, u are not just any random online dude. As for ur moniker, it holds no water to me, the bone of contention here is, nwanne, biko kowara m onye ibu, maka na Amam n'ima ofuma. Mana onwezii ka oga adi na mu amaro Ginwa. Biko mechapu nwanne gi ifere n'iru, kowaram onye ibu.

AceRoyal:
Hahahahahahaahahahahahaahahahahahaha
Just when you think it can't get any worse,this government pulls off another negative stunt

Who would they blame this time

The Minister of Finance, Mrs Kemi Adeosun, said the payment recently released by the government to the oil marketers was one of the liabilities inherited by the current administration.

sbashir10:
Oyah wailer, make una start typing poooh, abeg na who una pooh don epp? How una pooh take put subsidy back? Sai baba and his cabinets

Hope your blindness don't lead you to your doom. *spits* zombie

2dugged:
alright, what else will not go wrong in this country?

madam u did nt read the news well and other news before this..... Its was one of the targets of the government, because removing the subsidy means the oil marketers will have to buy dollars in parallel market for #320.... During the days of subsidy the CBN gives them at #199......

2dugged:
alright, what else will not go wrong in this country?

madam u did nt read the news well and other news before this..... Its was one of the targets of the government, because removing the subsidy means the oil marketers will have to buy dollars in parallel market for #320.... During the days of subsidy the CBN gives them at #199...... ...

rodbel:


If you had a business and raw materials are scarce will you just close down your business because of that? They are businessmen, and it's time they start acting like one. I don't blame them though. They hold the monopoly of the market if not they won't be spewing thrash

Do u know how many businesses av closed due to scarcity of forex?

intergral:
madam u did nt read the news well and other news before this..... Its was one of the targets of the government, because removing the subsidy means the oil marketers will have to buy dollars in parallel market for #320.... During the days of subsidy the CBN gives them at #199...... ...

If they buy at 320, u still expect them to sell below 145?

Governmemt has to devalue the naira to restore sanity

chigoizie7:



Nwanne parkia, u are not just any random online dude. As for ur moniker, it holds no water to me, the bone of contention here is, nwanne, biko kowara m onye ibu, maka na Amam n'ima ofuma. Mana onwezii ka oga adi na mu amaro Ginwa. Biko mechapu nwanne gi ifere n'iru, kowaram onye ibu.

Aham bu Chukwuebuka.. Mana, ihe'm kwuru bu eziokwu oh!

Bubu is the only one in Nigeria who is not corrupt.
Bubu and his daughter Zara are the only one entitled to Forex.
Bubu is the only one entitled to travel 4 times in the month without question.
Bubu is the only one who is a saint in this government others are noise makers.
Bubu is the only president I know with a controversial school certificate result.