hucienda:
Oh dear ... This government is so so useless and incompetent.

This country is far over-due for a revolution. Like the French and Russian ones.

AngryNigerian:


I was just saiding it to my friend recent...

AngryNigerian:


I was just saiding it to my friend recent...

hucienda:
Oh dear ... This government is so so useless and incompetent.

This country is far over-due for a revolution. Like the French and Russian ones.

Keneking:
Useless government

Quakertellicus1:


Actually, Jonathan blessed us well, by building three green field refineries on paper.

And by using high oil revenues to keep on importing, and keep on subsidizing.....wasting dollars we should have saved....

free2ryhme:
yet 151 is still very cheap compared to a bottle of bear. please our working president you can make it atleast 250 per liter because the change is real

Sunnycliff:


Only 5 years he ruled out and ObJ ruled 8 years what did he build? When GEJ was saving was it not Amaechi and Co that insisted in sharing the oil revenues?

All thanks to Buhari for blessing Nigeria with all economic realities we are seeing today!

Keneking:
Useless government

Keneking:
Useless government

Quakertellicus1:


Actually, Jonathan blessed us well, by building three green field refineries on paper.

And by using high oil revenues to keep on importing, and keep on subsidizing.....wasting dollars we should have saved....

Sunnycliff:


Only 5 years he ruled out and ObJ ruled 8 years what did he build? When GEJ was saving was it not Amaechi and Co that insisted in sharing the oil revenues?

All thanks to Buhari for blessing Nigeria with all economic realities we are seeing today!

AngryNigerian:


Were me not tolding u...that dhez "subsidy-drenched" men & women will find a way. That's exactly what dey r doing!!! So, who removal of subsidy epp in the long run?

pimpo:


Obviously, you live on Mars that's the reason you don't know we all fought his govt. when they wanted to stop subsidizing the product.

Montaque:
Another increase
How the NLC abandoned the Nigerian workers and masses in this conundrum is still a wonder to me.
PDP, pastors and imams, CSO, Human right activists, where una dey?
Am afraid, transport fares will have to increase once more to meet this new target.
Whatever increases in Nigeria hardly decrease, especially price increase.
Who will speak for/deliver us?

Quakertellicus1:


In 2010....GEJ signed a contract . Three Greenfield refineries. By 2014...nothing had happened.

Where are those refienreis

Yes...OBJ did not build too.

You see why people do not like PDP?You see why tribalisim is not the only reason for the 2015 loss (And that is a warning to APC too...no more jokes with us).

And the reason the governors behaved the way they did was because of FG waste at the center.



Yes, Buhari should stop spending too much money. I don't dispute that. He should spend more on power, transport, and improving refining power. But let's get real...even if he fixed all the refineries now(sad he did not)....we still need four to five new ones to stop importing.

And get cheap fuel

The problem is big.

Quakertellicus1:
Ha! the article I have been waitng for...

Basically, what this price increase is telling us is simple...

Build more refineries, invest heavily in public transport and repair existing refineries.

You cannot have cheap fuel when you are importing most of the refined product. And the subsidy is gone. We should have removed it back in 2006....or even 2012...but Nigerians prefer to buy cheap fuel (in practice, by 2013 most fuel marketers had ignored the subsidy).