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Nairaland Forum / Nairaland / General / Politics / Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike (39752 Views)
State House Clinic Budget Cut By FG After Criticisms / Petrol Price Hike Imminent As Marketers Propose N165 Per Litre - Leadership / Fuel Scarcity Looms As NUPENG Declares Nationwide Strike, Shuts Down Stations (2) (3) (4)
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Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by chigoizie7(m): 7:30pm On May 26, 2016 |
trillville: Seriously, I just don't know when all these will end. As u have hinted out, and haven chose the option 3, they just forgot the the price of petrol kinda determines the price of every Damn commodity in the market. As for not devaluing the naira, I think they kinda did that already few days ago, through the back door though, what do u expect when they threw the fx market to open to all to be determined by the market forces? |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by gbagyiza: 7:40pm On May 26, 2016 |
Confusion everywhere in dis country.d spirit of nation building is far from many Nigerians.everyone only cares abt his pocket n his family.we should stop deceiving ourselves we r d problem of ourselves. 1 Like |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by zurumking(m): 8:07pm On May 26, 2016 |
Keneking:ya let them cintinue. we dont depend on them but on God |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by bengazzi(m): 8:25pm On May 26, 2016 |
It is going to b well |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by easysunny(m): 8:49pm On May 26, 2016 |
Our so called leaders are confused. Today you will hear one statement and by tomorrow a different statement from the same set of people. Am tired of all these stories. When FG wanted to increase the pump price of petrol, all they needed to do was to allow the price to be open without pegging at 145. Let the market determine the price. FG knew very well that the problem is the availability of dollars not to cost of dollar to naira. Marketers were told to source dollars from any where knowing fully well that our balance of payment is in bad shape. Where are they going to get the dollars irrespective of the price to naira? How do expect a marketer who managed to get the dollar at higher price to sell petrol at the ceiling price of 145. FG is a joke 1 Like |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by Nobody: 8:57pm On May 26, 2016 |
Buhari does not understand how this particular petro-dollar economy works, neither does Kachikwu, apparently. The government advisers who understand are either making money out of this confusion by not doing their job, or they're talking & this Buhari-Kachikwu team is not listening to them. First of all these independent marketers need to be kicked out of the importation process. They can't get forex to fund their activities unless CBN spoonfeeds them, so they're actually a liability to the process. And they are too greedy. Their markups are opaque & obviously unreasonable. That's why they confused govt to increase prices, they knew all along that they have zero access to funding. Let NNPC deal only with the majors regarding the 50% importation balance (if the majors agree to, which is unlikely) or set up a holding company and establish a reasonably transparent crude-for-PMS swap deal with refineries offshore. This would be a temporary solution to supply issues, while the govt works out the mechanics of full deregulation and looks for ways to attract investors to build refineries. Buhari-Kachikwu have made Nigerians suffer needlessly by hiking the price to n145/litre, there was absolutely no reason to increase pump price. No reason at all. |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by dimieprincess(f): 9:04pm On May 26, 2016 |
What is wrong with this Jonathan self, he stole everything about Nigeria even the dollar self he nor live for us. We must prosecute NOI for stealing all the dollars. In fact, Diezeni must be arrested for setting a pace that is insurmountable. Jonathan's wife must bring back all the money she stole and Saraki must bring back those properties he failed to declare. Please add up to the list of people we are to blame for this colossal failure of Joe Igbokwe's party, the man who doesn't know when his party took over power from the corruption personified Jonathan. 1 Like |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by Nobody: 9:22pm On May 26, 2016 |
trillville: It's quite obvious that the government has to retrench at least 50% of the labour force at federal & state levels. Most of these civil servants are underemployed, the hardworking ones are running their private businesses alongside their government jobs, the slackers are just enjoying the ride. Well the joyride has now come to an end. Goodluck 'Fortunato' Jonathan's profligacy ensured that. The downsizing is the real change apc was talking about, the hard one, only apc themselves didn't know it. The oil & gas sector has downsized already, FG has to do it too, because oil & gas is the real paymaster, not the Federal Government. They have to devalue the naira too, let the banks sink or swim. Either way the forex rate dichotomy has to stop because its only feeding the wrong set of ba$tards, the fat cats in the CBN and the treasury staff of the banks. Nigerians have already absorbed the full effect of devaluation as a result of the forex scarcity and the fuel price hike. It can't get much worse than this on the streets. 2 Likes 1 Share |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by judondasylva(m): 9:22pm On May 26, 2016 |
ok |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by Nobody: 9:24pm On May 26, 2016 |
chigoizie7: You've said it all. Only sycophants and ethno religious bigots will keep praising the present government. |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by Roadmike(m): 9:58pm On May 26, 2016 |
The voodoo economics of the Daura President would soon be exposed for the deceit its all about. Thanks God the price of crude has risen slightly in the world market we will see what becomes of the so called subsidy removal. We DEY Wait 1 Like |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by 2kris(m): 10:17pm On May 26, 2016 |
idupaul:jesu....e fit be oooo |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by tinzymoha: 1:28am On May 27, 2016 |
Your right... But with the refineries working you can let the market determine its price.. For instance, stations in kd can sell as 50/lit and zamfara can sell at 60/lit.. Ie 10 Maria covering the cost of transportation.. The major ish is just the refineries.. Once our refineries and region deports are fixed.. All this issue will reduce ThundrCork: |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by tinzymoha: 1:33am On May 27, 2016 |
Forget anything like Oil Cabal.. This is pure business for the marketers and they are not committing any crime.. They are in the business to make money and not lose... nezer83: |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by tinzymoha: 1:37am On May 27, 2016 |
It's called security public enterprise my friend.. The oil sector is too sensitive and the government is scared private individuals will exploit Nigerians.. Which I think will happen really soon chuberg: |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by tinzymoha: 1:43am On May 27, 2016 |
Very funny.... All the big marketers with exception of Maybe FO and AARano outsource their logistics to smaller oil marketers that majors in haulage.. Eg total has over 50 different oil transporters that transport products round Nigeria Goke7: |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by tinzymoha: 1:56am On May 27, 2016 |
Banks get their dollar from CBN and CBN is already complaining self.. EazyMoh: |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by 14(m): 2:00am On May 27, 2016 |
VENEZUELA 2 Likes |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by tinzymoha: 2:02am On May 27, 2016 |
Have followed your post all thru.. You really have never done any business in your life.. Goke7: |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by onatisi(m): 4:33am On May 27, 2016 |
We kept warning Nigerians about all these things but the stupidd ones that voted for buhari kept calling us wailers ,now who is wailing
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Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by profmallory(m): 11:01am On May 27, 2016 |
Institutions should arise that allows the common man participate in a mutual fund that sources for funds for fuel importation. The turn over rate is fast and at a minimum of 100k with say 10% return in 2 months lots of Nigerians would participate. We don't need the marketers, we can make more millionaires through this process and forget the BIG BOYS. |
Re: Fuel Scarcity Looms As Marketers ‘doublecross’ FG After Price Hike by profmallory(m): 11:03am On May 27, 2016 |
We shall cross this bridge and the enemies of Nigeria shall be disgraced. All I see is opportunity my brother, if the marketers renege, other Nigerians shall take the opportunity. No one/group of People can keep this Nation down. onatisi: |
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