asuustrike2009:

It all boils down to policies put in place by the government. production cost can come from within Nigeria and there might be no need for foreign cost. The India market and ours operate.differenly because of business environment

anonimi:
Benefits ke?
Did benefits change name or meaning ni
If na joke, please stop it now now.



www.nairaland.com/attachments/3075524_bubu1_jpeg88275f10f2430d13576e18436b244ea1
]

Bollinger:


That don't make no sense bro. If you don't like being quoted then don't post responses or better still, ask Seun to disable the option for your moniker.

TonyeBarcanista:

The price would have been lower if our refineries were efficient enough to meet local need. Perhaps, it may sell at N40-N43 per litre. Considering that we import the refined product, worse is the fact that the naira-dollar exchange is high, the landing cost is relatively high. When you add custom duty, transportation and other charges plus the fact that most of these marketers secure loans to buy the product and they must factor personnel expenditure and profit, the price at N90 isn't so high.

palibc:


refineries or no refineries, it is unjustified for Nigerians to be buying fuel at the price we are....they should stop giving import licence to their political allies. Some of the people agitating for subsidy removal are those who have been whipped sore by the dwindling crude oil prince.
Who is buying our crude? So it does not make any economic sense any more for them(agitators) to continue with racketeering.

Tonyebarcanista, if the federal government gives me import licence today, I can get you fuel at most 20 naira per litre. Even, the touted subsidy removal is not removal but review to reflect the present reality. subsidy is still there and Nigerians are still misinformed about the whole thing...

TonyeBarcanista:

I also occupied Ojota in 2012. The situation is quite different.

In 2011 Nigeria's subsidy shoot from some hundreds of billions to TWO trillion. How come? The then government kept saying that some cabals and stuff, but it wasn't so before they came on board. Many(including myself) maintained that the masses must not suffer for the government's insincerity and cluelessness. As at then, fuel was sold at N65 per litre, while subsidy was at N80 per litre. That means the government expected us to be buying fuel at N145 per litre(or more). That is over 100% increase in hardship and poverty catalyst. We had trillions in our reserve, there was no paliative and the politicians were in one corruption scandal or the other and walking free. So it was unacceptable and we resisted it!


The government relaxed on partial subsidy and brought SURE-P but what did that bring to us? Nothing. The government promised refineries but till date nothing is on ground. So the 2012 opposition was/is on point.

palibc:


refineries or no refineries, it is unjustified for Nigerians to be buying fuel at the price we are....they should stop giving import licence to their political allies. Some of the people agitating for subsidy removal are those who have been whipped sore by the dwindling crude oil prince.
Who is buying our crude? So it does not make any economic sense any more for them(agitators) to continue with racketeering.

Tonyebarcanista, if the federal government gives me import licence today, I can get you fuel at most 20 naira per litre. Even, the touted subsidy removal is not removal but review to reflect the present reality. subsidy is still there and Nigerians are still misinformed about the whole thing...

Simplymeah:
Interestin, so majority don't know what subsidy is about and dey rush 2 castigate govt. Dis guy askd a question and none of responses so far is close 2 d answer, smh 4 Nigeria

DMerciful:
Leopard does not change its spot.....when will you declare that you've returned to the APC?

erico2k2:

The only thing that is local is crude Oil which is only %25 constituent when it comes to petrol production. Do we produce all the catalyst used?the solid acids used?all the oxidizer agents used?U want me to go on? ?
Production of petrol goes far beyond fractional distillation and cracking

TonyeBarcanista:
Every year government pay hundreds of billions to oil marketers to subsidise the pump price of premium motor spirit(petrol/fuel) so that you and I can be buying at a price lower than the open market price. What these marketers does is to fleece you and I by hoarding the product and force us to buy at much higher rate than even the open market price while still collecting billions on subsidy. What the government want to do is very simple; since open market price is estimated at N89-N90 per litre, they will no longer subsidise it(it's affordable). That means marketers will be competing among themselves to woo customers and we will experience less sabotage considering that nobody will want to lose their share in the market.

How will you benefit? Simple...
1. You will most likely never experience a situation of buying fuel at N3-N5 above the open market price.

2. The hundreds of billions giving to marketers annually will be channelled to productive ventures.

3. The issue of fuel hoarding may hardly arise.


Cc: Airforce1

RxObiefule13:

WHERE IS YOUR OWN ANSWER?

Simplymeah:
Interestin, so majority don't know what subsidy is about and dey rush 2 castigate govt. Dis guy askd a question and none of responses so far is close 2 d answer, smh 4 Nigeria

TonyeBarcanista:

I also occupied Ojota in 2012. The situation is quite different.

In 2011 Nigeria's subsidy shoot from some hundreds of billions to TWO trillion. How come? The then government kept saying that some cabals and stuff, but it wasn't so before they came on board. Many(including myself) maintained that the masses must not suffer for the government's insincerity and cluelessness. As at then, fuel was sold at N65 per litre, while subsidy was at N80 per litre. That means the government expected us to be buying fuel at N145 per litre(or more). That is over 100% increase in hardship and poverty catalyst. We had trillions in our reserve, there was no paliative and the politicians were in one corruption scandal or the other and walking free. So it was unacceptable and we resisted it!


The government relaxed on partial subsidy and brought SURE-P but what did that bring to us? Nothing. The government promised refineries but till date nothing is on ground. So the 2012 opposition was/is on point.

ERAKAMUS:


My Oga from
1. Experiencing buying fuel at #3-#5 at NNPC Outlets or Independent Markets?

2. Examples of those Productive Measures.

3. To the best of my knowledge "Hoarding of fuel" stated just of recent.

Thanks

Bollinger:


There are no disadvantages to the removal. The question you need to ask is how do countries like germany, who don't have oil happen to never have fuel scarcity and seem to be able to afford it even with the high rate they pay? And we are talking about a country that has plenty of it but can't seem to refine or make it available for it's citizens. How does that not defy logic.

Simplymeah:
Interestin, so majority don't know what subsidy is about and dey rush 2 castigate govt. Dis guy askd a question and none of responses so far is close 2 d answer, smh 4 Nigeria

Dcomrade:


But the people occupying government now, while in opposition openly campaigned against subsidy removal.....so what has change now?

TonyeBarcanista:
Every year government pay hundreds of billions to oil marketers to subsidise the pump price of premium motor spirit(petrol/fuel) so that you and I can be buying at a price lower than the open market price. What these marketers does is to fleece you and I by hoarding the product and force us to buy at much higher rate than even the open market price while still collecting billions on subsidy. What the government want to do is very simple; since open market price is estimated at N89-N90 per litre, they will no longer subsidise it(it's affordable). That means marketers will be competing among themselves to woo customers and we will experience less sabotage considering that nobody will want to lose their share in the market.

How will you benefit? Simple...
1. You will most likely never experience a situation of buying fuel at N3-N5 above the open market price.

2. The hundreds of billions giving to marketers annually will be channelled to productive ventures.

3. The issue of fuel hoarding may hardly arise.


Cc: Airforce1

Love Machine:
There is no gain bro.All the money nigeria is making goes to the pockets of politicians and their families only.See the latest budget by the incorruptible president.Budget for cars and food for lawmakers and president have the largest percentages.We make money to feed them only.

agabusta:


You lots cannot blackmail the APC and the intelligent people that protested against the irrational removal of subsidy in 2011 by your ignorance (feigned or real) and attempts at prevarication.

Maybe u need to go and have a look at the speeches and arguments of subsidy removal of 2011 again, if indeed your mind is open to unbias.

No one entirely tagged subsidy removal as evil. Infact a lot of APC governors supported subsidy removal.

The CBN governor then, Sanusi Lamido Sanusi supported subsidy removal. A lot of hate-filled souls prefer to lambast that smart man when it is convenient for them and it suits their bigoted position. But prefer to abuse him and call him a bigot if he is on an opposing view to their stance. What an undemocratic animalistic behaviour.

The main opposition to subsidy then was premised on the fact that subsidy rose from about 250,300,350 billion in 2008, 2009 & 2010 respectively to about 1.5trillion in 2011 without any rational explanation from the govt.

The govt itself agreed that the subsidy regime was entrenched in so much corruption, yet no one was brought to book!

That is the greatest disservice that govt did to the nation. How can govt be duped of billions of naira, yet nothing was done to the thieves who were even around govt circles and flaunting their loot, yet you want the citizenry to pay for such ineptitude.

It doesn't happen anywhere!

We cannot be made to pay for the ineptitude and incapacity of the govt.

That singular action of govt at that time, which resulted in the prices of petrol spiralling from 65naira/litre to above 145 naira/litre was very insensitive and wicked.

And I can assure you that anywhere democracy is being practised in the world, that action of the GEJ administration will be resisted by the people. It is so simple. I don't why a lot of you is taking it as personal thing against Jona.

Corruption was on the highest levels, refineries were comatose, govt did not properly sensitize the citizenry before arbitrarily making pump price more than double it's price.

Infact, it was like a coup against the people as this was the new year gift the govt meted out to them, and u think it will not be resisted by civil groups and labour unions??

Sincerely I can recollect that I felt that sharp increase badly. I work in VI and live around Berger. I usually use one full tank to go to work per week. It was so difficult to adjust to the new price. I was formerly filling my tank with about 4k, after the arbitrary increase, it climbed to about 9k. Transportation cost hit the rocks in Lag.

Transportation is expensive in Lag, and waking up to see it has been more than doubled will definitely cause a social upheaval. It doesn't take a genius to predict this.

Increase in fuel price in Nigeria always lead to a corresponding increase in price of a lot of commodities. Which means prices of everything at that time also more than doubled while the citizens were still on same income.

How won't people protest?? Moreso when they were hearing stories of people defrauding the govt of billions of naira and no one was punished.

Now let me tell u the things that has changed.

1. The current subsidy removal did not lead to an unreasonable increase in the price of a litre of petrol.

2. The present govt has shown a readiness to fight corruption by its words and actions. And there was no scadal about people defrauding the govt of billions before the subsidy removal.

3. There is improved sensitization of the people before the subsidy removal. People are now more aware of the advantages of removing subsidy coupled with the fact that d removal will not cause a marked increase in price.

4. Reasonable & intelligent people have seen a genuine attempt by the govt to reactivate the refineries and bring them back to operation. While keeping corruption at the barest minimum thru the operation of the TSA.

5. Reasonable and intelligent people have seen that the govt of the day is trying all it can to block leakages, and are not showing hopelessness in the midst of massive corruption, and are therefore willing to support them by themselves taking on a little liability.

6. The govt of the day took the decision in a strategic way, while hoping before prices pick up in the international market, they would have been able to resuscitate the refineries and up local production.

excel101:
. So u know all these but went ahead to reject the 2012 proposal of removing subsidy

Dcomrade:


But the people occupying government now, while in opposition openly campaigned against subsidy removal.....so what has change now?

don4real18:

Why don't you lecture them... Smh
In simple words, it's the money government pays to reduce the cost at which you buy petroleum related products... Subsidising was introduced when our refineries came to a halt and was supposed to be a short term programme while the refineries get repaired but politicians and several public office holders saw this as an avenue to milk the economy dry and have made sure that the refineries don't see the light of day but thank God for sai baba... Kaduna refinery is working perfectly

zoogy2007:
Subsidy removal will allow the price of petroleum products to be determined by market force and crude oil price indices. It opens the market and takes it away from government control. Petroleum refiners will be free to set up refineries without the fear of government price control. This will make it quite attractive to potential investors and the issue of fuel scarcity will be no more. The down side to it is that you will be requires to pay more as oil prices skyrockets.