9jakohai:



Time for....

DEREGULATION FOR THE AVERAGE MIND.

1.To answer your question Erico....the landing costs came from IPMAN...the marketers union.(NNPC is denying it...but no smoke sans fire).

2.Here is how deregulation should work....

..Govt stops setting prices, and allows marketers to set their price.

....In theory...Mobil sets price at 150 , Total sets price at N155, Oando sets price at N160, and Papaengo Ventures sets his own at 200.

....Nigerians buy from Mobil in their crowds....whileothers get zero customers.

...Oando, Total,Papaengo cut prices...and people go there.

...Mobil then cuts prices to N130

...Oando, Papaengo and Total followsuit.

...Meanwhile, more investors come in, freed from the price constraints

...And WE use subsidy savings to fix refineries...then privatize them.

Hence my previous posts.

God bless. I love both of you .

christejames:
We've been scammed by them right from the onset... All the promises from them is nothing but a mirage.
Watch out how Lai Mohammed will claim it was due to the just concluded PDP convention that the downstream sector is finding it difficult to supply Premium Motor Spirit (PMS).

jrusky:


Bro let's called a spade a spade no need to go tribal on this matter because okorocha and imo state people are among those who created these mess we are in today and they still bent on to vote apc come rain or sunshine. Amaechi was one of the biggest cash donor to put Nigerians in these mess yet his people still celebrate him and his groupfrom SS. Ngige was part of it and He still bent on to die for Buhari, what about Ortom, what about kogi? so it's no tribal thing it's a collective mistake committed by Nigerians.

9jakohai:
There is no scam.

Just Nigerians refusal to face reality.

The truth is, most Nigerians don't want to pay high for fuel. They want govt to subsidize fuel...

Which is what PMB is doing. All this 145 naira is partial removal of subsidy. It is the same thing GEJ, and OBJ and Co have done.

Meanwhile, cost of importing fuel is 142 per liter. We import 50million liters of PMS daily, and produce less than 18 million PMS daily at home. How much did they pay you to write this poo?

Oil price has fallen, from 120 in 2013 to 64 today, and somehow Nigerians expect govt to find money to knock down fuel to 97naira per liter.

Even when oil was high, we wasted billions subsidize fuel, that we could have used to do things like increase refining capacity at home. (See why GEJ could not build refineries).

Nigerians should stop deceiving themselves and embrace deregulation. Yes, fuel will cost 200 per liter initially. Yes, poor people will suffer. But investors will come, and eventually, due to competition, prices will fall.

Time we stopped deceiving ourselves. Oil subsidy must go. So that we can have money forbetter things.

ken4jj:

If Buhari did not win the last election and become president, some people somewhere would have been thinking that there was one man of "integrity" out there who would have solved Nigeria's problems. At the end of the day,the suppose"integrity" man seems to be the worst of them all.

9jakohai:


1. If we stopped importing today, there would be really serious fuel scarcity in Nigeria. We need 70 million liters of PMS daily. 20 million of that can be produced from our four refineries for now.So...we have to import.

2.Because prices are set by the govt, most marketers cannot import fuel directly since they don't make enough profit to import...and importers want to be paid in DOLLARS. NNPC for now is our sole importer of fuel...because they have access to cash most independent marketers dont.

3.NNPC until this month was importing fuel at N132 per liter (landing cost). About a few weeks ago, NNPC started importing fuel at N141-2 per liter. Meanwhile, marketers have to sell fuel at N145 per liter..while losing N10 per liter of their profits overnight. Hence the queues.

4.Dangote MIGHT solve part of the fuel deficit issue...BUT we still need more refineries. That is where the mini refineries are supposed to come in. Wonder why they haven't started?

9jakohai:
There is no scam.

Just Nigerians refusal to face reality.

The truth is, most Nigerians don't want to pay high for fuel. They want govt to subsidize fuel...

Which is what PMB is doing. All this 145 naira is partial removal of subsidy. It is the same thing GEJ, and OBJ and Co have done.

Meanwhile, cost of importing fuel is 142 per liter. We import 50million liters of PMS daily, and produce less than 18 million PMS daily at home.

Oil price has fallen, from 120 in 2013 to 64 today, and somehow Nigerians expect govt to find money to knock down fuel to 97naira per liter.

Even when oil was high, we wasted billions subsidize fuel, that we could have used to do things like increase refining capacity at home. (See why GEJ could not build refineries).

Nigerians should stop deceiving themselves and embrace deregulation. Yes, fuel will cost 200 per liter initially. Yes, poor people will suffer. But investors will come, and eventually, due to competition, prices will fall.

Time we stopped deceiving ourselves. Oil subsidy must go. So that we can have money forbetter things.

ken4jj:

If Buhari did not win the last election and become president, some people somewhere would have been thinking that there was one man of "integrity" out there who would have solved Nigeria's problems. At the end of the day,the suppose"integrity" man seems to be the worst of them all.

enlady:
I am disappointed at all so called activists that called for mass protests in January 2012. All of them have gone deaf and dumb now. How can we queue for fuel at N87 and also queue at N145? This is not the change Buhari and his cohorts promised Nigerians.

Sapeleboy911:


Really? Mr man stop deceiving yourself and and face the truth for once. Yes GEJ subsidized fuel during his tenure fine. But the current government hiked the price after then. Promising us that subsidy was partially removed. Now what happened to the remaining funds meant for subsidy after its partial removal? And all the billions of naira being recovered from corrupt politicians, how were these funds invested?
Guys like you are the problems of this country. You always come up with flimsy, excuses when you are confronted with the truth.
This government preached about ,deregulating the petroleum sector in 2016. Saying it was the reason why we experienced fuel hike and scarcity. But, so far where are we today? There was massive protest during GEJ period for the this same act. But here we are again.
So far so good the truth must be said, this government has been a pure government of propaganda and blame games. What we resisted strongly is what we are facing in double fold now.
I'm neither for PDP nor APC , but this government is a complete failure. Though, not the best but we were better of under PDP leadership.

ken4jj:

If Buhari did not win the last election and become president, some people somewhere would have been thinking that there was one man of "integrity" out there who would have solved Nigeria's problems. At the end of the day,the suppose"integrity" man seems to be the worst of them all.

9jakohai:


1. If we stopped importing today, there would be really serious fuel scarcity in Nigeria. We need 70 million liters of PMS daily. 20 million of that can be produced from our four refineries for now.So...we have to import.

2.Because prices are set by the govt, most marketers cannot import fuel directly since they don't make enough profit to import...and importers want to be paid in DOLLARS. NNPC for now is our sole importer of fuel...because they have access to cash most independent marketers dont.

3.NNPC until this month was importing fuel at N132 per liter (landing cost). About a few weeks ago, NNPC started importing fuel at N141-2 per liter. Meanwhile, marketers have to sell fuel at N145 per liter..while losing N10 per liter of their profits overnight. Hence the queues.

4.Dangote MIGHT solve part of the fuel deficit issue...BUT we still need more refineries. That is where the mini refineries are supposed to come in. Wonder why they haven't started?

9jakohai:
There is no scam.

Just Nigerians refusal to face reality.

The truth is, most Nigerians don't want to pay high for fuel. They want govt to subsidize fuel...

Which is what PMB is doing. All this 145 naira is partial removal of subsidy. It is the same thing GEJ, and OBJ and Co have done.
U r talking rubbish buhari and his minister r not fit to rule nigeria period
Meanwhile, cost of importing fuel is 142 per liter. We import 50million liters of PMS daily, and produce less than 18 million PMS daily at home.

Oil price has fallen, from 120 in 2013 to 64 today, and somehow Nigerians expect govt to find money to knock down fuel to 97naira per liter.

Even when oil was high, we wasted billions subsidize fuel, that we could have used to do things like increase refining capacity at home. (See why GEJ could not build refineries).

Nigerians should stop deceiving themselves and embrace deregulation. Yes, fuel will cost 200 per liter initially. Yes, poor people will suffer. But investors will come, and eventually, due to competition, prices will fall.

Time we stopped deceiving ourselves. Oil subsidy must go. So that we can have money forbetter things.

Nukilia:


You are 100% correct! The same people are also branding ATIKU for Nigerians. I believe its high time Citizens make a tactical manoeuvre from these traditional politicians who are crooks hiding under the guise that they're the saviour of the masses.

ken4jj:


Atiku's own is even different at least he is a known thief so expectations will not be high. However, these our "Herdsman" president pretended to be a saint to the extent that he was drinking sachet milk during the campaign to deceive Nigerians. He promised to publicly declare his assets, he failed. He promised to end medical tourism, he failed. He promised to fight corruption, he became corruption himself. He is just a big disappointment.

Sapeleboy911:
To be honest Nigeria is worse than a zoo. Imagine a country where nothing is working. A country that always excel in bad news and inhuman treatments, worse police, worse military, worse government, insecurity, scammers as a matter of fact we now export crime.
In the international communities once they identify you as a Nigerian. People begin to act strange and become skeptical when having business dealings with you.
All due to how our past and present leaders ruled this country. There are politicians in this country whose fourth generations will never go hungry in life. Because their father and mother's have looted enough funds for them. Imagine a country where the minister of education's children won't school in that country. The minister of health won't go to the local hospital in that country.
Government sets prices for petroleum prices for the common man, and yet this same government don't pay for that same products. Government parasatals still depends on generators, minister of power still depend on generators to produce electricity for its own uses.
Crude oil is being exported and sold on daily basis, yet nothing to show for it. Government make laws that favour them and their cohorts. Bail is free but not with a Nigeria police, the common man is faced with various challenges everyday. How which Zukerberg, Brin, Steve Huffman, and many others where Nigerians the world wouldn't have heard of them. Take Anthony Joshua as a case study. Nigeria was never a country. It is a mordenise slave market that's all.

God weytin be my sin wey make you drop me for this slave market?

9jakohai:
There is no scam.

Just Nigerians refusal to face reality.

The truth is, most Nigerians don't want to pay high for fuel. They want govt to subsidize fuel...

Which is what PMB is doing. All this 145 naira is partial removal of subsidy. It is the same thing GEJ, and OBJ and Co have done.

Meanwhile, cost of importing fuel is 142 per liter. We import 50million liters of PMS daily, and produce less than 18 million PMS daily at home.

Oil price has fallen, from 120 in 2013 to 64 today, and somehow Nigerians expect govt to find money to knock down fuel to 97naira per liter.

Even when oil was high, we wasted billions subsidize fuel, that we could have used to do things like increase refining capacity at home. (See why GEJ could not build refineries).

Nigerians should stop deceiving themselves and embrace deregulation. Yes, fuel will cost 200 per liter initially. Yes, poor people will suffer. But investors will come, and eventually, due to competition, prices will fall.

Time we stopped deceiving ourselves. Oil subsidy must go. So that we can have money forbetter things.

clemzo101:
What subsidy again? Guy take your time ooo

9jakohai:


Yes...at 100 USD...we had enough cash to pay subsidies...and crucially...buffer the naira...meaning we needed less naira to buy dollars to import.

But even then, it was bad economics....which is why GEJ wanted to remove subsidy ...and raise prices from N65 to n140 in 2012.

pawesome:
Oga,calm down...de always hv an xcuse..probably na PDP convention n Atiku's defection dt caused fuel scarcity

AutoReportNG:
This is a post written by Audu Bulama Bukarti and he writes about the lingering fuel scarcity that is lingering in the nation. According to him, this is not the change the APC led govt promised us. Read more below..

I am currently at a filling station at BUK road in Kano. My car is the 70th on the queue. This means if it will take only 3 minutes to fuel every car, I will take about 3 and a half hours to get fuel. That’s all things been equal.

I can vividly remember that when the PMB-led APC government hiked PMS price from N87 to N145 per liter without prior notice, it promised us that that would be the end of fuel scarcity in the country. They said the price will crash in six months.

When there was minimal scarcity last December, hailers took to the social media with headlines like “The First December without Fuel Queues”, “Fuel Scarcity is now History”, “The Change has Come”.

Today, we are back to yesterday. we have to queue for several hours to fuel our cars. This is a text definition of the PDD days. The only difference is that we have to pay almost DOUBLE the PDP price we resisted with the last atom of our energy. This is the change they promised, I think.

The Big and Little Ministers for Petroleum have pretended ignorance of the current situation of things with us. Hailers have buried themselves in the sand of shame. They may be awaiting the slightest opportunity to yet again Jonathan for this one too as if that is what we voted them for.

It appears obvious to me that the Change Government has scammed us yet again. We shall, however, continue to struggle until we get it right as a country. So Help Us, God!


Source:
http://www.autoreportng.com/2017/12/fuel-scarcity-have-we-been-truly.html

AutoReportNG:
This is a post written by Audu Bulama Bukarti and he writes about the lingering fuel scarcity that is lingering in the nation. According to him, this is not the change the APC led govt promised us. Read more below..

I am currently at a filling station at BUK road in Kano. My car is the 70th on the queue. This means if it will take only 3 minutes to fuel every car, I will take about 3 and a half hours to get fuel. That’s all things been equal.

I can vividly remember that when the PMB-led APC government hiked PMS price from N87 to N145 per liter without prior notice, it promised us that that would be the end of fuel scarcity in the country. They said the price will crash in six months.

When there was minimal scarcity last December, hailers took to the social media with headlines like “The First December without Fuel Queues”, “Fuel Scarcity is now History”, “The Change has Come”.

Today, we are back to yesterday. we have to queue for several hours to fuel our cars. This is a text definition of the PDD days. The only difference is that we have to pay almost DOUBLE the PDP price we resisted with the last atom of our energy. This is the change they promised, I think.

The Big and Little Ministers for Petroleum have pretended ignorance of the current situation of things with us. Hailers have buried themselves in the sand of shame. They may be awaiting the slightest opportunity to yet again Jonathan for this one too as if that is what we voted them for.

It appears obvious to me that the Change Government has scammed us yet again. We shall, however, continue to struggle until we get it right as a country. So Help Us, God!


Source:
http://www.autoreportng.com/2017/12/fuel-scarcity-have-we-been-truly.html

9jakohai:
There is no scam.

Just Nigerians refusal to face reality.

The truth is, most Nigerians don't want to pay high for fuel. They want govt to subsidize fuel...

Which is what PMB is doing. All this 145 naira is partial removal of subsidy. It is the same thing GEJ, and OBJ and Co have done.

Meanwhile, cost of importing fuel is 142 per liter. We import 50million liters of PMS daily, and produce less than 18 million PMS daily at home.

Oil price has fallen, from 120 in 2013 to 64 today, and somehow Nigerians expect govt to find money to knock down fuel to 97naira per liter.

Even when oil was high, we wasted billions subsidize fuel, that we could have used to do things like increase refining capacity at home. (See why GEJ could not build refineries).

Nigerians should stop deceiving themselves and embrace deregulation. Yes, fuel will cost 200 per liter initially. Yes, poor people will suffer. But investors will come, and eventually, due to competition, prices will fall.

Time we stopped deceiving ourselves. Oil subsidy must go. So that we can have money forbetter things.

9jakohai:
There is no scam.

Just Nigerians refusal to face reality.

The truth is, most Nigerians don't want to pay high for fuel. They want govt to subsidize fuel...

Which is what PMB is doing. All this 145 naira is partial removal of subsidy. It is the same thing GEJ, and OBJ and Co have done.

Your mumu is from another planet

Meanwhile, cost of importing fuel is 142 per liter. We import 50million liters of PMS daily, and produce less than 18 million PMS daily at home.

Oil price has fallen, from 120 in 2013 to 64 today, and somehow Nigerians expect govt to find money to knock down fuel to 97naira per liter.

Even when oil was high, we wasted billions subsidize fuel, that we could have used to do things like increase refining capacity at home. (See why GEJ could not build refineries).

Nigerians should stop deceiving themselves and embrace deregulation. Yes, fuel will cost 200 per liter initially. Yes, poor people will suffer. But investors will come, and eventually, due to competition, prices will fall.

Time we stopped deceiving ourselves. Oil subsidy must go. So that we can have money forbetter things.

9jakohai:
There is no scam.

Just Nigerians refusal to face reality.

The truth is, most Nigerians don't want to pay high for fuel. They want govt to subsidize fuel...

Which is what PMB is doing. All this 145 naira is partial removal of subsidy. It is the same thing GEJ, and OBJ and Co have done

Meanwhile, cost of importing fuel is 142 per liter. We import 50million liters of PMS daily, and produce less than 18 million PMS daily at home.

Oil price has fallen, from 120 in 2013 to 64 today, and somehow Nigerians expect govt to find money to knock down fuel to 97naira per liter.

Even when oil was high, we wasted billions subsidize fuel, that we could have used to do things like increase refining capacity at home. (See why GEJ could not build refineries).

Nigerians should stop deceiving themselves and embrace deregulation. Yes, fuel will cost 200 per liter initially. Yes, poor people will suffer. But investors will come, and eventually, due to competition, prices will fall.

Time we stopped deceiving ourselves. Oil subsidy must go. So that we can have money forbetter things.