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Nairaland Forum / Nairaland / General / Politics / Marketers Ration Petrol, Lock Gates Against Motorists In Lagos, Ogun (14191 Views)
Jos prison: Gunshots, teargas fired as inmates protest reduced food ration / Petrol Stations Ration Fuel As Marketers Shun Importation / Herdsmen Attack Motorists In Eruwa, Oyo. Angry Residents Burn Fulani Settlement (2) (3) (4)
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Re: Marketers Ration Petrol, Lock Gates Against Motorists In Lagos, Ogun by SHAKABOOM: 6:11am On Apr 12, 2019 |
tactius:Lols..Dis ur quote sef..Are u the petroleum minister?Buhari is heading nnpc to the right direction.I believe he will do sumtin he is a man of integrity 1 Like |
Re: Marketers Ration Petrol, Lock Gates Against Motorists In Lagos, Ogun by Nobody: 6:15am On Apr 12, 2019 |
mycar: The thing is subsidy is preventing the generation of the profits and investment needed to increase refining capacity. Once you get that, you would see why it has to go. Plus, if poor countries like Niger and benin pay higher...and they are poorer than we are, why shouldun't we? The truth is, the whole subsidy thing is not fit for purpose. |
Re: Marketers Ration Petrol, Lock Gates Against Motorists In Lagos, Ogun by NotComplaining: 6:20am On Apr 12, 2019 |
Most of those advocating for subsidy removal are brainless GEJ sycophants from the east. Which economy will foot the bill when gov cancels subsidies? Our dwindling cacophony? Do these facking idiots not realise that other than fuel, every other commodity will adversely increase in cost? You guys need to give it a break...Your plot is way too obvious. With high crime rate, can Nigeria afford even 1 naira increase? Do you facking idiots, selfish traitors want people to starve to death?? The gov has to continue paying fuel subsidies even if 1 naira remains in the bank. 1 Like |
Re: Marketers Ration Petrol, Lock Gates Against Motorists In Lagos, Ogun by bluefilm: 6:23am On Apr 12, 2019 |
The more reason why we need solar solutions now. With solar solutions in place, let me see how FG, marketers, subsidy racketeers and suchlikes, will beg the sun not to shine. |
Re: Marketers Ration Petrol, Lock Gates Against Motorists In Lagos, Ogun by Nobody: 6:25am On Apr 12, 2019 |
tactius: If subsidy is removed will the price just float? Or who will determine the pump price, and via what metrics? Even if fuel is sold at N250 like someone here suggested already, there still exists a margin between that figure and pump price in neighbouring countries and unscrupulous marketers and smugglers would still divert products. It's obvious we don't consume more than half of what we buy, the difference just ends up in the pockets of unpatriotic Nigerians. So do we simply price above our neighbours (in order to discourage smuggling) and kill our economy? SMEs cannot function unless they run private generators, our transport system (and prices of all goods and services) depends directly on the price of gasoline. This is more of a system problem. Nigeria is like a patient on IV fluids (subsidy). Remove the IV line and watch your patient expire before your very eyes. . . 3 Likes |
Re: Marketers Ration Petrol, Lock Gates Against Motorists In Lagos, Ogun by Mcreloaded(m): 6:26am On Apr 12, 2019 |
Refineries should start working then subsidy removal can come in. After all APC government increased fuel price and told us there is no more subsidy. Later we hear the government has been paying subsidy. What's the probability that the price will be increased and later in the year we hear that subsidy is still being paid. First of all let our refineries be working before removal of subsidy. 1 Like |
Re: Marketers Ration Petrol, Lock Gates Against Motorists In Lagos, Ogun by BanevsJoker(m): 6:26am On Apr 12, 2019 |
tactius:Don't deceive yourself. Even if it's sold for 1k per litre, this evil APC Government with Buhari at the helm will never create jobs or build refineries. They are depending on Dangote, a private individual to do their own job for them. Forget about foreign investment also, just keep calm and enjoy your Next Level on God Mode. 5 Likes |
Re: Marketers Ration Petrol, Lock Gates Against Motorists In Lagos, Ogun by tsdarkside(m): 6:27am On Apr 12, 2019 |
tactius: the problem is nigerian marketers are greedy morafvckers.... you would be surprised how deep the philosophy of get rich quick is in the hearts of nigerians.... dont cry then when you end up payin 400naira per liters.... |
Re: Marketers Ration Petrol, Lock Gates Against Motorists In Lagos, Ogun by Mobsync(m): 6:28am On Apr 12, 2019 |
tactius: Buhari removed subsidy in 2016. So he should be the one to explain what's happening. |
Re: Marketers Ration Petrol, Lock Gates Against Motorists In Lagos, Ogun by tsdarkside(m): 6:30am On Apr 12, 2019 |
i wouldnt put trust in free market when nigerians are involved.... 2 Likes |
Re: Marketers Ration Petrol, Lock Gates Against Motorists In Lagos, Ogun by tsdarkside(m): 6:32am On Apr 12, 2019 |
na so food stuff for idp people was sold on the streets.... dont underestimate the greed of nigerians.... |
Re: Marketers Ration Petrol, Lock Gates Against Motorists In Lagos, Ogun by Nobody: 6:39am On Apr 12, 2019 |
mycar: Exactly. Subsidy problem is just symptomatic of deeper, more grievous disharmonies within the Nigerian system. So many things are wrong with this country, if subsidy is hastily removed the entire system might just collapse. Even Buhari, for all his faults, understands how delicate this subsidy palaver has become. |
Re: Marketers Ration Petrol, Lock Gates Against Motorists In Lagos, Ogun by Nobody: 6:44am On Apr 12, 2019 |
tactius: do you think Nigerians are rational thinkers... sentiment and tribalism will becloud their judgement. |
Re: Marketers Ration Petrol, Lock Gates Against Motorists In Lagos, Ogun by Nobody: 6:44am On Apr 12, 2019 |
Mobsync: No he did not...because the government was still setting the price. At the time he removed subsidy.,..landing cost was N132, and fuel was being sold at N87. Revenues from oil had fallen. There was no money to subsidze fuel at that point...so prices were raised to N145 'ending subsidy' (which I did not believe in..because govt was still setting prices, as I have said). The minute landing costs shot above N145...government came back with 'underrecovery' (subsidy by another name). Had Buhari really removed subsidy....by now fuel would be above N200 |
Re: Marketers Ration Petrol, Lock Gates Against Motorists In Lagos, Ogun by Resurgent2016: 6:45am On Apr 12, 2019 |
grandstar: Spot on 1 Like |
Re: Marketers Ration Petrol, Lock Gates Against Motorists In Lagos, Ogun by RiyadhGoddess(f): 6:45am On Apr 12, 2019 |
Dem don start again. |
Re: Marketers Ration Petrol, Lock Gates Against Motorists In Lagos, Ogun by Nobody: 6:50am On Apr 12, 2019 |
tsdarkside: Yes, I know they are greedy, but so are most businessmen. They entered the business for the Lincolns and the Benjamins, not to be Mother Theresa for you guys. On a serious note...the fact is, subsidy means that most marketers and NNPC lose at least N60 per liter of fuel sold...and don't make a profit. Many of them make ends meet by 1.Smuggling fuel to Niger and Benin...where fuel is above N200, and earn a tidy profit 2.Inflating subsidy claims (though Buhari cut that one by making NNPC sole importer) On the other hand...if fuel goes up to N400...yes, I would cry, BUT....the profits raised will attract investment into things like refineries...which means increased refining at home, and eventually prices dropping. Niger by the way pays N397 per liter for fuel...and they are poorer than we are. Benin pays N298. I asked Google. Again, business is about greed. The minute you realize that the better.You'll sleep better at night. |
Re: Marketers Ration Petrol, Lock Gates Against Motorists In Lagos, Ogun by Nobody: 6:50am On Apr 12, 2019 |
tactius: There are steps to look at before spiking prices like that.. Your unemployment is at 22m million working population and 90m destitute poor already, increase in price would increase cost of living and the number goes to 120m or 130m of 200m population and unemployment goes to 30 to 35m. Before all these positives you alleged takes place, would you still be able to manage a country with such alarming figures above? - Would you be able to manage the crime rate? - Would you be able to manage the out of school children? - Would you be able to manage the spike in terrorism? 3 Likes |
Re: Marketers Ration Petrol, Lock Gates Against Motorists In Lagos, Ogun by Bestmicheal: 6:50am On Apr 12, 2019 |
plz I need a job anywhere in Lagos, am a graduate of business administration and management HND level,I finish serving last year October and am currently running my chartered institute of personal management [CIPM] course... plz any opening anywhere in Lagos plz reach out to me....Here is my mail michealclo71@gmail.com...08028489326 |
Re: Marketers Ration Petrol, Lock Gates Against Motorists In Lagos, Ogun by MobilityExpress: 6:50am On Apr 12, 2019 |
tactius: Look at you, just look at your mindset, this is one of the main reasons Nigeria is in chains, slaves to the political class. Your idea keeps us down the path of national slavery and poverty for the masses, while a few elite keeps doubling their wealth and become multi-billionaires. THE ONLY FACTS WE NEED TO FACE IS THAT Nigeria has no business importing oil, we are an oil producing country goddamit, a major oil producer, we have no freaking business importing oil. IT is because of oil importation that we have this subsidy scam of a thing running, that have turned some few people to mega billionaires while the masses suffer. The only fact we have to face is for us to cancel or ban fuel importation in this country and start refining the oil we need by ourselves, so we can sell at a fair rate that won't even be up to this current amount of 145/liter. Both NNPC, FG, oil marketers etc have been running the biggest scam in this country for too long. They sabotaged all our refineries intentionally. But you people can't see that. Too bad! 11 Likes |
Re: Marketers Ration Petrol, Lock Gates Against Motorists In Lagos, Ogun by Nobody: 6:53am On Apr 12, 2019 |
BanevsJoker: Ah, it isn't government's business to create new refineries(why do you think Atiku was saying NNPC should be sold??)...and the fact that you are even saying 'Buhari would create refinery' shows you did not get my comment. If prices go up, all government gets is to save the money they would have spent on subsidy (How they use it is up to you...democracy is hard work!). PRIVATE investment is going to increase, as private investors would now be attracted by the fact that there is money to be made. This means more refineries...because now, one can refine and sell fuel in Nigeria AT THE PRICE WE WANT. Eventually the market does its thing and prices crash. |
Re: Marketers Ration Petrol, Lock Gates Against Motorists In Lagos, Ogun by Nobody: 6:55am On Apr 12, 2019 |
MobilityExpress: We are importing oil because subsidy prevents profits being made...and fuels the sharp practices like smuggling and inflation. If prices go up, profits are made...which attracts more investment leading to more refineries...BUILT WITH PRIVATE MONEY....and the government saving money instead of spending it on subsidy...and which leads to prcies crashing. Everyone benefits. |
Re: Marketers Ration Petrol, Lock Gates Against Motorists In Lagos, Ogun by MobilityExpress: 6:55am On Apr 12, 2019 |
Saudi Arabia does not import oil, Iran does not import oil, the UAE does not import oil, they are oil producers, and they refine their own oil, look at their economy today, incredibly buoyant. But we fell into the oil importation scam business, our rogue officials and rogue business men in collaboration with western companies and some western governments and they have kept us in the chains of slavery to oil importation to amass wealth for themselves while the masses continue to perish. May God judge all those that are running this terrible importation and subsidy scam in this country 4 Likes |
Re: Marketers Ration Petrol, Lock Gates Against Motorists In Lagos, Ogun by MobilityExpress: 6:59am On Apr 12, 2019 |
tactius: No, we are importing oil because they sabotaged all our refineries to stop producing optimally. We are importing oil till today because after some elite crooks tasted the oil money and it was mega huge, they knew they had found the new jackpot, the new goose that lays the golden egg, that will make all of them billionaires. And it did, the oil importation business made many of the elite billionaires. Check their history. Nigeria is a big mess. We worship our oppressors. 2 Likes |
Re: Marketers Ration Petrol, Lock Gates Against Motorists In Lagos, Ogun by Nobody: 7:00am On Apr 12, 2019 |
GidiWoodsMan: OK...let's back up a bit Where are we getting the money to fund subsidy? Oil revenues What is the price of oil now? $70. What is the price we need oil to be at to have a balanced budget? $140 according to Fitch. So right now, we are borrowing to survive, and we are borrowing at a rate that the IMF says is crazy. We also are having to save money to rebuild our forex reserves And you expect , under these circumstances, to keep on having money for a subsidy monster that is eating billions on a daily basis? We don't have IV fluid. That's the problem. |
Re: Marketers Ration Petrol, Lock Gates Against Motorists In Lagos, Ogun by tsdarkside(m): 7:03am On Apr 12, 2019 |
tactius: you seem to dont understand how greedy nigerians actualy are.... goverment gives alocations and things are still not done...governors rather bunker the money or show off without shame.... dont try it with nigerians,you will regret it.... i get you,ofcourse a business want to make profit too....i understand that.... but nigerians greed for money is absurd.... |
Re: Marketers Ration Petrol, Lock Gates Against Motorists In Lagos, Ogun by Nobody: 7:06am On Apr 12, 2019 |
MobilityExpress: No, NNPC cannot make enough money to keep our refineries in good shape because they import oil , sell it to marketers below the market price, and then get paid the difference between the market price and cannot make a profit. And the corruption and sabotage happens because when you are not making money, you look for sly ways to make money. If subsidy goes...all the sabotage and corruption will end. Because....continuing with that would make things worse for them (unlike now where thanks to being a government company they get free money whatever happens). And of course...there is foreign investment, more profits and more jobs (Those cabals would EARN MUCH MORE under subsidy removal) And eventually, prices would come down. Win, win |
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