Goke7:
the marketers can never survive without subsidy, that's what has been keeping them in business for so long which also makes them credit worthy to banks, now that subsidy is gone, most of them will wind up soon. Only the major marketers can survive post subsidy regime.

Most Nigerians don't understand this. The only solution to the fuel crisis, is working refineries period.

Goke7:


abegi, who told you its all of them that are actually importing petroleum products, is that not why its a scam, how many of them are actually spending money to import petrol, is those who pack water and put petrol on top to deceive regulators [of course they too are compromised] that are doing business? madam business woman, if the subsidy regime was that rigorous as you are implying, most of these marketers would have found something better to do that will reduce their hassles.

bigtt76:
Den think say na Master Card Naira the importers go take import fuel? Are they serious at all?

InMyOpinion:
[size=15pt]Some alarmist posts like this on social media and other media are mainly the reasons for artificial scarcity of PMS in this country. Many Nigerians after reading this will begin panic-buying and the resultant queues will make the fuel stations close down some pumps creating even longer queues- eventually some stations will close down and sell only to black marketers. ....[/size]

sylver1:


Baba. So you dey here too.
How Far you? It's been long

989900B:


I know them. I have some as friends, some as clients (they are starving right now). Some of them ships don't even berth here. Some of them tankers are re-routed to Benin rep., Niger, Cameroun.

In that case, what price is pegged for the marketers?

Why wouldn't FG come out and tell Nigerians the truth?

Don't u think there will be more queue if NNPC sell @ N145 and other marketers sell above N200?

[b]Do u think the reason for the removal of subsidy is achieved? Maybe yes, to save FG some money, but did it save the general populace a dime? Will it reduce the queues in our petrol stations?
[/b]We all now know that prices of commodities in naija markets are all dependent on PMS prices, how much is FG going to gain with regards to how poor they will make nigerians? Does it worth it? Turning blind eyes to the plight of the masses?

Since FG has thrown the fx to open market, are NNPC among those dat will source fx anyhow they want?

Can petrol marketers survive in such competitions? Even the NNPC? Can they drag the fx market with other importers whose final prices of their goods ain't regulated by FG? ( a businessman is will to buy the limited fx from any market @ N500/$, import his goods, channel the cost as cost of production to the final consumer and still make his profits, can petroleum products dealers do that even when their prices are being regulated? )mind u, the availability of fx is limited with so many people @ demand.

Goke7:


abegi, who told you its all of them that are actually importing petroleum products, is that not why its a scam, how many of them are actually spending money to import petrol, is it those who pack water and put petrol on top to deceive regulators [of course they too are compromised] that are doing business? madam business woman, if the subsidy regime was that rigorous as you are implying, most of these marketers would have found something better to do that will reduce their hassles.

chigoizie7:


U really don't get it do u? There isn't enough forex by black markets to see to all their needs. U really have to maintain the BOP, u don't want it in deficit. So, u can't get more than what we have as external reserve.

If u understand the principles of balance of payment, then u will understand what I meant.

Aura2:



If they are not spending money to import, who is mounting pressure on your Fx, Ghosts? why is naira exchanging for 345 if no one was demanding for fx?
I know internet is everywhere now,it is no license to delve into issues you have no idea about.
Ok!! I can see you are still in 2012, buzz me when you check your calendar.

chigoizie7:


U really don't get it do u? There isn't enough forex by black markets to see to all their needs. U really have to maintain the BOP, u don't want it in deficit. So, u can't get more than what we have as external reserve.

If u understand the principles of balance of payment, then u will understand what I meant.

Goke7:
the marketers can never survive without subsidy, that's what has been keeping them in business for so long which also makes them credit worthy to banks, now that subsidy is gone, most of them will wind up soon. Only the major marketers can survive post subsidy regime.

Most Nigerians don't understand this. The only solution to the fuel crisis, is working refineries period.

EazyMoh:

I have no idea what you are talking about. Can't they get the dollars from the banks at N280/1$ or are telling me even the banks don't have the dollars?

tijanouzwasii:
i thought they said Buhari has reopen about 7 refinaries??

GWMI:
Apc are the worst set of Politicians in Nigeria.I feel APC leaders are taking Nigeria for a ride and it wouldn't have happened if they did not see some betrayers who are quick to support APC every move but are quick to call others corrupt.Only God will help us.Thanks.

Goke7:


Ok, who went to the Finance Minister to complain that they need fx from CBN to import PMS? Ghosts I suppose too, Madam I repeat if the business is as strenuous as you are spreading to everyone here, those marketers will delve into other businesses to reduce their bp, no be by force to import petrol nah.

chigoizie7:
FG are so daft.

1st u calculated @ d template of 300/$ to arrive @ N145. Good.

2nd, u allowed the value of naira to dollar to be determined by the market when u really don't have enough dollars to go around. In this case, the demand outweighs the supply, automatically, the price will increase which means, if it increases and the marketers are able to get fx finally @ above 300/$ will they still sell @ N145?

FG make una ask una selves that question.no business man will want to be @ lose here.


The problem of this govt is that they make policy "A" today, and then they make policy "B" the next day, a policy that will counter policy "A" entirely.

Their inconsistency has made everyone to stand and be watching them. They are not organised @ all, CBN governor, finance minister, petroleum minister. Are all working differently, they should be working together to avoid this their policy and counter policies.


To me, this government in power is not competent enough to run the affairs of this nation.

chigoizie7:


U really don't get it do u? There isn't enough forex by black markets to see to all their needs. U really have to maintain the BOP, u don't want it in deficit. So, u can't get more than what we have as external reserve.

If u understand the principles of balance of payment, then u will understand what I meant.

EazyMoh:
There should be a clear consequence for the marketers to renegade on the agreed terms. The government shall be ready to deal with anybody that is trying to cause another scarcity. After giving what seems to be the final solution Nigerians are not ready for any other story.

chigoizie7:


Let's just pray it goes as planned. It still doesn't make any sense to me, these people are meant to be alleviating the poor masses.

idupaul:
The way it's going I see Buhari being disgraced

Aura2:


So if you are capital oil that owns a multi billion dollar Depot, the biggest in the country, you will convert it to a mortuary to delve into another business right?

EazyMoh:
There should be a clear consequence for the marketers to renegade on the agreed terms. The government shall be ready to deal with anybody that is trying to cause another scarcity. After giving what seems to be the final solution Nigerians are not ready for any other story.

EazyMoh:
There should be a clear consequence for the marketers to renegade on the agreed terms. The government shall be ready to deal with anybody that is trying to cause another scarcity. After giving what seems to be the final solution Nigerians are not ready for any other story.

Goke7:
the marketers can never survive without subsidy, that's what has been keeping them in business for so long which also makes them credit worthy to banks, now that subsidy is gone, most of them will wind up soon. Only the major marketers can survive post subsidy regime.

Most Nigerians don't understand this. The only solution to the fuel crisis, is working refineries period.