jusRadical:




Abeg make I ask. Dem go still wire/pay subsidy for those weeks we been buy fuel for N100 through N200 and now to N130 ( like in PH)?

If yes, no be thief be that?

Geraraheremehn:
Op what are you saying?? The junketeer in chief said he doesn't know what subsidy entails and your saying he should remove it are you a learner??



P.s : Buhari is a bloody terrorist...my fellow people of Maltina

Chiscomax:



What course did u study?

TonyeBarcanista:
Sir, you want give me job?

Chiscomax:



I was asking because of your degree on intelligence so, do you mind?

Chukzyfcb:
Tonye barcanista you'v spoken well but I'll like to speak on a possibility. The MAJOR oil marketers are the one holding us captive, these oil marketers have associations like MOMAN, IPMAN and some other associations. If they can all collectively agree to hoard petrol products, what makes u think they cannot all agree to sell at a very exhorbitant price when subsidy is removed. They can operate like OPEC, we think open market will tear them apart and influence prices but have we thought of the other side. As the major oil marketers and in an asociation, they can collectively agree to sell petrol at 150, don't you see this possibility? Using Opec as a refrence.

TheGoodJoe:
TonyeBarcanista, I think the cry should be about revitalizing our refining capacity than the removal of Subsidy. If our present Government declares a War on the lack of operational refineries, This Subsidy talk will die a natural death.

It will create more jobs and even internally generated revenue for the government.

TonyeBarcanista:

The government agency (NNPC) will also be importing the product and should the refinery be brought back to life, they will be forced to act sane.

funlord:


See how you are still reasoning upon your old age? Now I know why your mother was telling me that she has to spit on the ground in disgust everytime she sees you entering her house! Brain dead bastard!!!

Chukzyfcb:


NNPC has been importing product ever since we'v had fuel scarcity, it hasn't changed anything, it still doesn't drive away consumers from those oil marketers. If people were agitating for the removal of fuel subsidy currently, it means we expect EMOTIONS to take control over these greedy marketers; I.e we expect these marketers to be driven by emotions and induce competition amongst themselves. This is the expected happening , but its a gamble. Because, If they can deal with the emotions and agree as one under the Umbrella of their association(Moman or IPMAN) to sell at a Huge price. Then notin can be done, because the HIGH demand of fuel will always favour them xcept there could be a policy that will bring about "price-control" in our downstream sector. Until then, thinking about competition is just a mere possibility. #nice thread tho!

engineerboat:


for now subsidy is been paid to marketers bringing in fuel not those fillimg stations.
For now only nnpc is importing fuel of wgich large percent goes to major marketers who because of their CABALITY saboteour resell the product to the independent marketers

TheGoodJoe:
TonyeBarcanista, I think the cry should be about revitalizing our refining capacity than the removal of Subsidy. If our present Government declares a War on the lack of operational refineries, This Subsidy talk will die a natural death.

It will create more jobs and even internally generated revenue for the government.

meezynetwork:
Fuel subsidy can not be removed when we still depend heavily on imports. The effect of the removal will be astronomical on everything. It's like having this present situation permanently. The reason Nigerians are not reacting or protesting on the fuel scarcity and exorbitant prices is because we believe it's temporal. Make it permanent and see the effect. It might take years for the price to stabilise to the actual price. It's easy to say theoretically but it's a different ball game in practical. Remove subsidy and see the prices increase exponentially coupled with this current policy of dollar restriction. Buhari should never try it cos to the layman, His thinking is Buhari has increased the pump price.

omohayek:


If the goal is revitalization of the country's refining capacity, then the best way to do that is by attracting private investment, preferably international investment by companies with deep refining expertise. That in return requires that such companies can see how they can obtain a decent return on their investment, and that will only be possible if they're allowed to charge what the market will bear. Subsidies and price caps are the very reason why this is currently not the case.