nwanna89:
Minimum wage in USA is not 18,000 naira per month

bishopclin:
I saw various posts on the social media, criticising federal government's reduction of gasoline(PMS or Petrol) pump price from N97 to N87. More worrisome is the fact that some of our youths join the bandwagon in the criticism.

I wonder why we have some youths of our country who can not make use of their brains to ponder on issues that would further enrich the country. Present day youths are being tossed around by the older ones and sometimes, by illiterates. ‎

Drivers paid an average of $2.2021 a gallon for regular gasoline at U.S. pumps of recent in the US (do some ‎confirmation) 1US gallon = 3.7854ltrs‎ ‎$2.2021 = N398.58 (@ exchange rate of N181/$) Therefore, 1gallon = N398.58 ÷ ‎3.7854ltrs = N105.29/ltr in the US

Meanwhile, in Nigeria, after taking into consideration, landing costs and other expenses, it is N85/ltr for the same litre of gasoline yet people are ignorantly ranting on social media and elsewhere. Between Nigeria and the US, which is better? What has happened to some present day youths in my dear country, Nigeria‎? Mr. President, Goodluck Jonathan has indeed shown that he has the interest of Nigerians at heart.‎

psucc:
I disagree with the price drop to N65/ltr.

My opinion is that government should break the monopoly created by the few importers of these products, then allow the sector to be regulated by market forces. That I mean even if petroleum products would be sold in the open market like palm oil, better.

Our problems is this cycle of monopoly.

poiZon:






i waas expecting people esp d paid protesters to protest n occupy tbs just like what happened 2yrs ago. But sha some nigerians dont really knw what they want.

beckleyhans:
Pls ooo is america an oil produceng country. must nigeria be like other countries. And must be during election he remove 10 naria. Who ever wrote dis dis tin get brain damage

herald9:

What's so hard in dropping that Gaddam thing to N65...

For Pete's sake oil is 'made in Nigeria '

saintkash:
a friend wrote this and he considered other factors unlike u
Sina Solaru
Price per barrel of crude oil a year ago
[January, 2014] was $97.92/barrel
worldwide. It is now $46.97/barrel.... Gas/
petrol was $3.28/gallon a year ago in the
U.S. It is now $1.89/gallon because of
demand & supply that controls the price. I
just bought a gallon of petrol/gas from
Costco at $1.89 cents/gallon today and since
1 gallon equals 3.78 liters, that equals to 50
cents per liter here in the U.S. That is
#92.50kobo per liter @ the exchange rate of
$1= #185naira ..... Per Capita Income in the
U.S. is $53,042 while per capita income in
Nigeria is $3,006 source: World Bank. That
means Nigeria is currently[until the so called
midnight] paying more at #97/liter than in
the U.S. at #92.50/liter. Nigerians should be
paying #5.24kobo per liter based on the per
capita income differential. Otherwise, the
result is still ABJECT POVERTY! Hit 'Like' if
you are not better off than you were 4 years
ago.

DrDre1:
@ OP
This comparison won't work on so many levels. Consider certain things 'peculiar' to Nigeria mostly because of the level of rot in the system.

1. Is quality of gasoline in Nigeria the same with what they get in the U.S? No

2. What's the earning power of an average individual in each country?

3. What's the level of development in each country? Don't forget that almost every family is it's own 'local government' in Nigeria. U practically have to produce your own water and electricity amongst other things.

4. Is the level of infrastructure in the oil and gas sector commensurate with the level of resources available in Nigeria?

5. Are Nigerians getting the best out of a liter of gasoline like the Americans? Not with the level of older engines running in the country and the substandard quality of fuel definitely.

6. Is the current level of oil production in the U.S sustainable over a long period of time? I doubt it. Shale oil / fracturing is one of the major reasons why certain OPEC member-states (chiefly KSA and Qatar) have allowed the free fall of crude oil prices to continue unchecked. When you consider these two countries are also strong allies of the U.S, you see it's quite a complex situation. Just this past week, John McCain led a delegation to Qatar to discuss certain issues with the Emir and Prime Minister. I bet the politics of crude oil pricing was part of their major talks.

These are just some of the things to consider (amongst many others) before you 'celebrate' the reduction in fuel prices in Nigeria. If our leaders are honest, there's no reason why Nigerians should be paying above 50 naira per liter worst case scenario. Factor in the timing of the Nigerian government in doing this and it's very obvious it shouldn't be considered as a genuine decision. They devalued the Naira and then reduce fuel pump price by 10 naira days to major elections. Nigerians should brace up for serious economic challenges this year because the government is just window-dressing a very terrible wound. Irrespective of whoever wins the coming elections, the Naira is still heading downwards. Figures alone don't always tell the true story of things.

bishopclin:
I saw various posts on the social media, criticising federal government's reduction of gasoline(PMS or Petrol) pump price from N97 to N87. More worrisome is the fact that some of our youths join the bandwagon in the criticism.

I wonder why we have some youths of our country who can not make use of their brains to ponder on issues that would further enrich the country. Present day youths are being tossed around by the older ones and sometimes, by illiterates. ‎

Drivers paid an average of $2.2021 a gallon for regular gasoline at U.S. pumps of recent in the US (do some ‎confirmation) 1US gallon = 3.7854ltrs‎ ‎$2.2021 = N398.58 (@ exchange rate of N181/$) Therefore, 1gallon = N398.58 ÷ ‎3.7854ltrs = N105.29/ltr in the US

Meanwhile, in Nigeria, after taking into consideration, landing costs and other expenses, it is N85/ltr for the same litre of gasoline yet people are ignorantly ranting on social media and elsewhere. Between Nigeria and the US, which is better? What has happened to some present day youths in my dear country, Nigeria‎? Mr. President, Goodluck Jonathan has indeed shown that he has the interest of Nigerians at heart.‎

bishopclin:
I saw various posts on the social media, criticising federal government's reduction of gasoline(PMS or Petrol) pump price from N97 to N87. More worrisome is the fact that some of our youths join the bandwagon in the criticism.

I wonder why we have some youths of our country who can not make use of their brains to ponder on issues that would further enrich the country. Present day youths are being tossed around by the older ones and sometimes, by illiterates. ‎

Drivers paid an average of $2.2021 a gallon for regular gasoline at U.S. pumps of recent in the US (do some ‎confirmation) 1US gallon = 3.7854ltrs‎ ‎$2.2021 = N398.58 (@ exchange rate of N181/$) Therefore, 1gallon = N398.58 ÷ ‎3.7854ltrs = N105.29/ltr in the US

Meanwhile, in Nigeria, after taking into consideration, landing costs and other expenses, it is N85/ltr for the same litre of gasoline yet people are ignorantly ranting on social media and elsewhere. Between Nigeria and the US, which is better? What has happened to some present day youths in my dear country, Nigeria‎? Mr. President, Goodluck Jonathan has indeed shown that he has the interest of Nigerians at heart.‎

bishopclin:
minimum wage in the USA is basically done hourly. It is an average of $8/hour. Meanwhile, it is pertinent to note that it all depends on how much time one can put in a month and the availability of the job

CHRISTALLITE:

Dollar increases in value not only to naira but also in kinda similar or rather close to Euro€;
Definitely since there is increase in Dollar value;the price of World petrol would automatically fall but could remain constant or higher compare to some currency of which naira is!

D question to be asked is how creative has our government been to reduce the pump price by#10?
It should have risen higher since Dollar is now more expensive to naira!

However;I wonder why most people claims its all propangada;if called so?Be it!Its all improvement!

Meanwhile,I need ask why most people seems to the word cluelessness as an everyday song on no ground!Prove it wrong by highlighting areas of cluelessness of d present government!

And hesistate not to account for just 40% probability of ur harden sentimental acclaim opposition to fix the economy fairer!

Am tired of coming here everyday and seeing people just shouting change without feasibility view of how it could have been better!

Imagine someone shouting the price should have been #15!Is only Fuel Usage d sector of infracture or advancement?More amenities need be provide!

dre11:


U said 8 dollar per hour
And the minimum wage here is18000

Juxtapose the earnings and tell me which one is expensive

CHRISTALLITE:

Dollar increases in value not only to naira but also in kinda similar or rather close to Euro€;
Definitely since there is increase in Dollar value;the price of World petrol would automatically fall but could remain constant or higher compare to some currency of which naira is!

D question to be asked is how creative has our government been to reduce the pump
price by#10?
It should have risen higher since Dollar is now more expensive to naira!

However;I wonder why most people claims its all propangada;if called so?Be it!Its all improvement!

Meanwhile,I need ask why most people seems to the word cluelessness as an everyday song on no ground!Prove it wrong by highlighting areas of cluelessness of d present government!

And hesistate not to account for just 40% probability of ur harden sentimental acclaim opposition to fix the economy fairer!

Am tired of coming here everyday and seeing people just shouting change without feasibility view of how it could have been better!

Imagine someone shouting the price should have been #15!Is only Fuel Usage d sector of infracture or advancement?More amenities need be provide!

bishopclin:
I saw various posts on the social media, criticising federal government's reduction of gasoline(PMS or Petrol) pump price from N97 to N87. More worrisome is the fact that some of our youths join the bandwagon in the criticism.

I wonder why we have some youths of our country who can not make use of their brains to ponder on issues that would further enrich the country. Present day youths are being tossed around by the older ones and sometimes, by illiterates. ‎

Drivers paid an average of $2.2021 a gallon for regular gasoline at U.S. pumps of recent in the US (do some ‎confirmation) 1US gallon = 3.7854ltrs‎ ‎$2.2021 = N398.58 (@ exchange rate of N181/$) Therefore, 1gallon = N398.58 ÷ ‎3.7854ltrs = N105.29/ltr in the US

Meanwhile, in Nigeria, after taking into consideration, landing costs and other expenses, it is N85/ltr for the same litre of gasoline yet people are ignorantly ranting on social media and elsewhere. Between Nigeria and the US, which is better? What has happened to some present day youths in my dear country, Nigeria‎? Mr. President, Goodluck Jonathan has indeed shown that he has the interest of Nigerians at heart.‎

DONOCSO:
As I read the title, wetin commot for my mind na thunder fire you! Thank God say I no talk am.

bishopclin:
I saw various posts on the social media, criticising federal government's reduction of gasoline(PMS or Petrol) pump price from N97 to N87. More worrisome is the fact that some of our youths join the bandwagon in the criticism.

I wonder why we have some youths of our country who can not make use of their brains to ponder on issues that would further enrich the country. Present day youths are being tossed around by the older ones and sometimes, by illiterates. ‎

Drivers paid an average of $2.2021 a gallon for regular gasoline at U.S. pumps of recent in the US (do some ‎confirmation) 1US gallon = 3.7854ltrs‎ ‎$2.2021 = N398.58 (@ exchange rate of N181/$) Therefore, 1gallon = N398.58 ÷ ‎3.7854ltrs = N105.29/ltr in the US

Meanwhile, in Nigeria, after taking into consideration, landing costs and other expenses, it is N85/ltr for the same litre of gasoline yet people are ignorantly ranting on social media and elsewhere. Between Nigeria and the US, which is better? What has happened to some present day youths in my dear country, Nigeria‎? Mr. President, Goodluck Jonathan has indeed shown that he has the interest of Nigerians at heart.‎

bishopclin:
I saw various posts on the social media, criticising federal government's reduction of gasoline(PMS or Petrol) pump price from N97 to N87. More worrisome is the fact that some of our youths join the bandwagon in the criticism.

I wonder why we have some youths of our country who can not make use of their brains to ponder on issues that would further enrich the country. Present day youths are being tossed around by the older ones and sometimes, by illiterates. ‎

Drivers paid an average of $2.2021 a gallon for regular gasoline at U.S. pumps of recent in the US (do some ‎confirmation) 1US gallon = 3.7854ltrs‎ ‎$2.2021 = N398.58 (@ exchange rate of N181/$) Therefore, 1gallon = N398.58 ÷ ‎3.7854ltrs = N105.29/ltr in the US

Meanwhile, in Nigeria, after taking into consideration, landing costs and other expenses, it is N85/ltr for the same litre of gasoline yet people are ignorantly ranting on social media and elsewhere. Between Nigeria and the US, which is better? What has happened to some present day youths in my dear country, Nigeria‎? Mr. President, Goodluck Jonathan has indeed shown that he has the interest of Nigerians at heart.‎

saintkash:
a friend wrote this and he considered other factors unlike u
Sina Solaru
Price per barrel of crude oil a year ago
[January, 2014] was $97.92/barrel
worldwide. It is now $46.97/barrel.... Gas/
petrol was $3.28/gallon a year ago in the
U.S. It is now $1.89/gallon because of
demand & supply that controls the price. I
just bought a gallon of petrol/gas from
Costco at $1.89 cents/gallon today and since
1 gallon equals 3.78 liters, that equals to 50
cents per liter here in the U.S. That is
#92.50kobo per liter @ the exchange rate of
$1= #185naira ..... Per Capita Income in the
U.S. is $53,042 while per capita income in
Nigeria is $3,006 source: World Bank. That
means Nigeria is currently[until the so called
midnight] paying more at #97/liter than in
the U.S. at #92.50/liter. Nigerians should be
paying #5.24kobo per liter based on the per
capita income differential. Otherwise, the
result is still ABJECT POVERTY! Hit 'Like' if
you are not better off than you were 4 years
ago.

bishopclin:
I saw various posts on the social media, criticising federal government's reduction of gasoline(PMS or Petrol) pump price from N97 to N87. More worrisome is the fact that some of our youths join the bandwagon in the criticism.

I wonder why we have some youths of our country who can not make use of their brains to ponder on issues that would further enrich the country. Present day youths are being tossed around by the older ones and sometimes, by illiterates. ‎

Drivers paid an average of $2.2021 a gallon for regular gasoline at U.S. pumps of recent in the US (do some ‎confirmation) 1US gallon = 3.7854ltrs‎ ‎$2.2021 = N398.58 (@ exchange rate of N181/$) Therefore, 1gallon = N398.58 ÷ ‎3.7854ltrs = N105.29/ltr in the US

Meanwhile, in Nigeria, after taking into consideration, landing costs and other expenses, it is N85/ltr for the same litre of gasoline yet people are ignorantly ranting on social media and elsewhere. Between Nigeria and the US, which is better? What has happened to some present day youths in my dear country, Nigeria‎? Mr. President, Goodluck Jonathan has indeed shown that he has the interest of Nigerians at heart.‎

herald9:

What's so hard in dropping that Gaddam thing to N65...

For Pete's sake oil is 'made in Nigeria '