nwamehn:



I'm beginning to respect u, I swear. A prophet is not only known when he shouts on top of his voice with a holy book in his hand and sprinkles holy water all over people.

Barcholder:


Before heading off to the UK, please ask him how much the following things are in the UK:

1. Rent
2. Food
3. Fuel
4. Travel
5. Electricity
6. Water
7. Telephone

Next, ask him to deduct the cost of these from his salary, and then see whether there's anything left. In fact, ask him whether that money he's calling is enough to cover these costs in the first place, nevermind what's left.

The grass is not always greener on the other side. I'm from the UK, trust me, I know what I'm saying. If you think that people are not suffering in the UK too, then go over there for 2 years. I'm willing to bet that you would be begging to come back to Nigeria. As crazy as that may sound to you right now, I'm very certain that I'm 100% right.

Regards

Uvie

Barcholder:


Before heading off to the UK, please ask him how much the following things are in the UK:

1. Rent
2. Food
3. Fuel
4. Travel
5. Electricity
6. Water
7. Telephone

Next, ask him to deduct the cost of these from his salary, and then see whether there's anything left. In fact, ask him whether that money he's calling is enough to cover these costs in the first place, nevermind what's left.

The grass is not always greener on the other side. I'm from the UK, trust me, I know what I'm saying. If you think that people are not suffering in the UK too, then go over there for 2 years. I'm willing to bet that you would be begging to come back to Nigeria. As crazy as that may sound to you right now, I'm very certain that I'm 100% right.

Regards

Uvie

Barcholder:
We can scream and cry as much as we want, it changes nothing. The Naira has been greatly devalued over the last few months, and the price of everything has gone up dramatically, as we rely almost exclusively on imports.

Fuel is no different, so why does it come as a shock to anyone that the price of fuel will also go up shortly? Let's get real and stop with the helpless thrashing about. All the screaming and protesting in the world isn't going to change a single thing. Have you not seen the price of diesel rise from 120 to 200 already this year? What has kerosene risen by this year so far?

What Nigerians should be figuring out is what they can do to eliminate their near total dependence on petrol, because that's the only way to survive the coming onslaught. Principally, fuel is consumed most to power generators, however, there are other, cheaper forms of generating power in Nigeria today, so why not focus on moving to those.

Solar power is considerably cheaper than petrol in generating power, and there are now so many cheap and easy ways to get it. Why don't we all focus our minds on that, and move beyond this petrol price nonsense once and for all.

I can tell you that I've not bought a single litre of petrol for generator in 3 and a half years, and I've never been without light for a single second in all that time. I use Solar Power to generate my energy and have no need for a generator. So, from a personal perspective, even if they increase the price to 1,000 per litre, it's not going to affect me.

Surely, this is the best way for Nigerians to go now, surely! How much more pain and suffering do you want to endure before starting to make smart decisions?

If you want to find out how you can get Solar Power for your home and business affordably, let me know.

Regards

Uvie

cooltola:
We have no choice but to wait for Dangote. The questions to ask is how can we stop depending on oil as a main source of income so that this recession do not happen again and look for alternate ways of make money as a nation. Till then things will only get worse until oil per barrell reach $50 and hopefully stay upward.

planetx:
I am always amazed when people use the fallen value of the Naira to explain how migrating to western countries as a better option to living in Nigeria. Like all the money you earn will be converted to Naira and you will be living on the street and breathing in oxygen as food.

ConqueredWest:
Afonjas Afonjas Afonjas Afonjas Afonjas Afonjas Afonja

Good Morning

You guys hatred for the glorious SS and SE has ruined your destinies

cooltola:
With the way the naira is falling, I will not be amazed if it becomes N340 per gallon by this December. Hopefully Dangote can finish building his refineries before then and the price can go down. Give Buhari more time abeg and i know he is not impressive right now. For things to get better , sacrifices must be made. Nigeria needs to stop depending on oil as a sole income. It is an economic depression rite now, but things will become better. Many oil producing countries are going through an economic recession. We will survive this storm and become a stronger nation.

ALMUSTAQIM:
YOU PEOPLE JUST LIKE GIVING YOURSELVES HEART ATTACK

WHILE MANY FILLING STATIONS ARE REDUCING THEIR PUMP PRICES TO BETWEEN 138 TO 140, YOU ARE DREAMING OF PRICE INCREASE

PLEASE NOTE WE ARE NOW ON PRICE MODULATION.

NO MORE PRICE INCREASE AGAIN


Don't be deceived those filling stations with lower price tag are delivering less than a litre. for the price displayed
I advise you buy from those displaying 145 /litre, they are a bit fair in their litre delivery

ANYWAY WE KNOW THOSE BEHIND THIS THREAD

Barcholder:


It's crazy how misinformed people are, like you said, they must think that everything is free in the Western world, and all their earnings can be converted and sent back to Nigeria. If I was to tell people the cost of living in the UK, they will collapse.

I was home just last week, and I can tell you first hand that a tiny 2 bedroom house in the outskirts of the city now rents for £1,600 per month. That's £19,200 per year, or N10.2m a year. The equivalent house in a comparable area like Yaba would rent for nothing more than N800,000 per year.

Then take Fuel, that everyone is complaining about right now. A litre of petrol is now £1.09, which is the equivalent of N583 per Litre. Take electricity bill, the current rate is £0.16 per kWh. That's the equivalent of N85.60 per kWh, and we are here crying about N23 per kWh.

People here simply have no clue how hard things are over there.

Regards

Uvie

outknow:
In Nnamdi Kanu's voice "I will destroy the zoo with truth..."

Barcholder:
We can scream and cry as much as we want, it changes nothing. The Naira has been greatly devalued over the last few months, and the price of everything has gone up dramatically, as we rely almost exclusively on imports.

Fuel is no different, so why does it come as a shock to anyone that the price of fuel will also go up shortly? Let's get real and stop with the helpless thrashing about. All the screaming and protesting in the world isn't going to change a single thing. Have you not seen the price of diesel rise from 120 to 200 already this year? What has kerosene risen by this year so far?

What Nigerians should be figuring out is what they can do to eliminate their near total dependence on petrol, because that's the only way to survive the coming onslaught. Principally, fuel is consumed most to power generators, however, there are other, cheaper forms of generating power in Nigeria today, so why not focus on moving to those.

Solar power is considerably cheaper than petrol in generating power, and there are now so many cheap and easy ways to get it. Why don't we all focus our minds on that, and move beyond this petrol price nonsense once and for all.

I can tell you that I've not bought a single litre of petrol for generator in 3 and a half years, and I've never been without light for a single second in all that time. I use Solar Power to generate my energy and have no need for a generator. So, from a personal perspective, even if they increase the price to 1,000 per litre, it's not going to affect me.

Surely, this is the best way for Nigerians to go now, surely! How much more pain and suffering do you want to endure before starting to make smart decisions?

If you want to find out how you can get Solar Power for your home and business affordably, let me know.

Regards

Uvie

bayelsa1son:
Dont mind those empty people

cescky:



Sorry to bust ur bubble mr uvie ... U are totally wrong. Fuel isn't just used for lights, fuel is used for everything if u touch fuel price it's has a serious multiplier effect cost of fuel will affect cost of food, cost of t fare, cost of house, cost of light , in this Nigerian economy fuel is the principal thing... Sorry but ur point is no point at all,na person whey done chop go think of solar light.....I Thot u wer living in U.K. ?....and with these ur analysis and the way things are are I sure the person who said migrating to uk is better isn't right?


I wonder why such sensitive news hit front page so late in the night...where views hip will be less?

grossintel:
Can you install solar panels on top my motor so I won't need fuel What of hired vehicles and public transport Bros abeg use your head. Everything is not an opportunity for marketing.

Barcholder:


Firstly, show me where I said that fuel is ONLY used for power, please quote it back to me. In true Nigerian fashion, you think you are educating me, when in fact, I'm the one who should be educating you. Here's some facts for you:

1. Approximately 65% of all fuel sales in Nigeria are for powering generators. Only 35% is related to other things, such as motoring.

2. The single biggest consumer of disposable in Nigeria is petrol for generator generation. The average household spends in Nigeria spends N36,000 a month on fuel for their generators, this is more than they spend of food.

3. The very high fuel prices are caused by the weak and ever weakening value of the Naira. The actual dollar price of a litre of fuel is actually far lower today than it was 2 years ago.

4. The single biggest factor in weakening the Naira is the lack of local refining capacity, and therefore, huge dollar demand for fuel importation by the fuel marketers. It's estimated that as much as 70% of all dollar demand in Nigeria is to import fuel.

5. By powering homes with solar, you achieve 3 MAJOR things. First, you dramatically reduce the costs of power to the average Nigerian home, by approximately 60%. That's additional disposable income for the family to spend on other things, and not continually give to the fuel stations.

Second, by giving every home 24 hours power, you significantly increase their level of economic productivity, because they are now able to earn significant extra money from home, e.g. online. For example, most UK families make extra money to survive by trading online, on platforms such as Ebay. They can do this because they have 24 hours light. Nigerians can't because they don't. Furthermore, those extra earnings will be denominated in hard currencies, benefiting not only the families, but the entire Nigerian economy.

Third, by eliminating the demand for fuel to power generators, you crash the market for fuel by 65%. This dramatically decreases the amount of fuel imported into Nigeria, which has 2 major effects. (1) it takes away the huge pressure on the Naira currently being experienced daily (70% of all USD demand is for fuel importation). This is turn significantly strengthens the value of the Naira compared to the Dollar. Indeed, it's been estimated by world bank economists that this would strenthen the Naira down to the range of N130 - N150 to the Dollar.
(2) It means that suddenly, the existing local refining capacity is now sufficient to fully meet all local demand. With Dangote's refinery coming onstream in 2018, it means that Nigeria will immediately become a net EXPORTER of petroleum products, significantly increasing our foreign currency earnings, and further strengthening the value of Naira against the Dollar.

All of which has the happy effect of reducing local fuel prices, and reducing inflation in general.

It's very easy for Nigerians to sit and write abusive messages, far more difficult for them to engage their brains and come up with viable solutions to their problems.

Regards

Uvie

Leopardd:
Onatisi the prophet, come oh, e don dey happen.

Teewhy2:
Can someone tell me am dreaming, you mean after the 70% increase in price of petrol and increase in dollars exchange rate which has led to increase in all products including house rent, some people call still be thinking of increasing pump price.
All the currency swap deal which we thought could help nobody is telling us anything about it again
So where are we going in this countries, minimum salary can't even buy you a bag of rice, businesses are shutting down, entrepreneurs can't even start business as government policy doesn't support small scale business.
With this kind of news while won't our best brains and youth run abroad to look for greener pastures. Imagine working as casual in London (without certificate) in UK and you are paid 10 pounds/hour and you worked for 6 hours per day, That is 60 pounds/day. Working 5 days a week =300 pounds, 4ce a month is 1200 pounds. 40% tax you are left with 800 pounds converting to naira @ 525= 420k.
How many graduates makes that in 2 months.

amliftedhigher:
If increasing it will solve Nigeria problem, they should increase it.

Dcanio:
Why warn the government let them shoot themselves on the leg...so they can learn ....This is what happens we minister can't talk to the president in his face....They are all scared to tell him the truth foolish goats

cooltola:
With the way the naira is falling, I will not be amazed if it becomes N340 per gallon by this December. Hopefully Dangote can finish building his refineries before then and the price can go down. Give Buhari more time abeg and i know he is not impressive right now. For things to get better , sacrifices must be made. Nigeria needs to stop depending on oil as a sole income. It is an economic depression rite now, but things will become better. Many oil producing countries are going through an economic recession. We will survive this storm and become a stronger nation.

Malawian:
you better not be calling that guy to make another prediction

Teewhy2:
John Ameh, Fidelis Soriwei, Friday Olokor, Adelani Adepegba and Okechukwu Nnodim




http://punchng.com/fuel-n145litre-no-longer-sustainable-nnpc/