Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,156,066 members, 7,828,778 topics. Date: Wednesday, 15 May 2024 at 01:59 PM

PPMC May Crash Petrol Price As Crude Oil Prices Dip - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / PPMC May Crash Petrol Price As Crude Oil Prices Dip (28658 Views)

Tinubu Vows To Crash Petrol Price, Eliminate Hardships / Panic In Otuabula 2, Bayelsa As Crude Oil Mysteriously Erupts From The Ground / Petrol Price Now N151.56 Per Litre ― PPMC (2) (3) (4)

(1) (2) (3) (4) (Reply) (Go Down)

Re: PPMC May Crash Petrol Price As Crude Oil Prices Dip by christinme224(m): 11:31am On Oct 03, 2020
Match fix abi?
Re: PPMC May Crash Petrol Price As Crude Oil Prices Dip by nairaman66(m): 11:40am On Oct 03, 2020
Bkayyy:
Niger Delta (minus Akwa Ibom and Rivers state) how far about the future? Soon una no get anything to offer Nigeria and the world at large, remember one barrel of oil was once 150USD and they called it oil drop

What is wrong with your brain capacity? Do not indirectly insult or states among the region without facts ok?
Re: PPMC May Crash Petrol Price As Crude Oil Prices Dip by Reference(m): 11:48am On Oct 03, 2020
That is the way it should be. Oil is a commodity just like any other and its price should not be controlled through subsidies. Rice is not subsidised, neither is catfish or cement or paracetamol. At worst production may be incentified by tax breaks, waivers on raw material imports but never, ever consumption incentives. Never. It is an economic killer.

If the price of fuels are floated there is so much investment that can go into the downstream sector, so many new opportunities for commerce, a fuel only exchange market can open for hedging and futures trading that big industries can tap into to stabilise their procurement. Folks who build or own large tank farms can buy when when the price is low only to sell when prices rise.

All these economic activity eventually creates the best value product and the best, sustsinable model for economic investment and development. Unfortunately decades of military rule and authoritanism has blocked us from so much knowledge of how to create wealth from our extractive resources and we are far behind the developmental curve, even behind fellow african nations.

You simply cannot develop if someone is paying your bills. You will never be incentified to work. Its that simply. The strain to develop is not called suffering. It is called sacrifice.

2 Likes

Re: PPMC May Crash Petrol Price As Crude Oil Prices Dip by AngelicBeing: 11:49am On Oct 03, 2020
SmartProf:
Don't allow Nigerians begin to develop false hope that will be dashed. During the peak of the Covid 19 pandemic, oil price was at it's all time lowest and many oil producing nations were selling the product to their residents at a heavily slashed price..did Nigerians enjoy such major slash? Our President just told us in his independence day speech that as at today Saudi Arabia sells PMS higher than Nigeria just to justify why petrol price can't be reduced as it's been agitated for but he didn't tell us that the minimum wage in Saudi Arabia when converted to Naira is N305,126 compared to N30,000 in Nigeria.
Our darling, illiterate President, he keeps saying, I am phything kwarraption via the EPCC, my administlation is kwomitted to pighting kwarraption grin

1 Like

Re: PPMC May Crash Petrol Price As Crude Oil Prices Dip by okorogodwin4(m): 11:50am On Oct 03, 2020
There was a country

Re: PPMC May Crash Petrol Price As Crude Oil Prices Dip by Lush100(m): 11:55am On Oct 03, 2020
Sir, you haven't said it any better.
You just took the right word outta my lips.

The set of people who use quota system to undermine merit want to potray excellence and class.

Smh

Franking:
Abdulkadir Saidu? Them no get oil. Them no even sabi book yet everywhere they are in control.

How can every single meaningful position be occupied by the same people who are educationally disadvanted?

Yet their cut off in both Jamb and common entrance is laughable.

#EndNigerianow.
Re: PPMC May Crash Petrol Price As Crude Oil Prices Dip by Akabuking: 11:57am On Oct 03, 2020
SmartProf:
Don't allow Nigerians begin to develop false hope that will be dashed. During the peak of the Covid 19 pandemic, oil price was at it's all time lowest and many oil producing nations were selling the product to their residents at a heavily slashed price..did Nigerians enjoy such major slash? Our President just told us in his independence day speech that as at today Saudi Arabia sells PMS higher than Nigeria just to justify why petrol price can't be reduced as it's been agitated for but he didn't tell us that the minimum wage in Saudi Arabia when converted to Naira is N305,126 compared to N30,000 in Nigeria.
we never see the 30k ooo

2 Likes

Re: PPMC May Crash Petrol Price As Crude Oil Prices Dip by anonimi: 12:01pm On Oct 03, 2020
thesolutions:
Fake news from an impostor

What impostor? Are you calling the bullionaire owner of The Nation newspaper an impostor?
He was called a bastard but not an impostor. Please note carefully.





Babasessy:

Awo Family Without An Awo By Sam Omatseye (The Offensive Article)


The Awolowo rebirth in the Southwest has inspired gongs, songs and rhetoric of sorts. But they have missed one point.

It occurred to me in Abeokuta last week amidst the big crowds and euphoria of the swearing-in of Senator Ibikunle Amosun as governor. In all the states from Lagos to Edo, where Awo has witnessed ideological resurgence, hardly a single family member has played a role.

So we have an Awo family without an Awo. That is an irony. But history overwhelms us with this sort of twist. Obafemi Awolowo toiled for his reputation. His roots were lowly, he toiled to school both home and abroad, launched into careers in law, business, journalism and eventually politics. He carved a niche for himself, and became the first methodical and charismatic leftist in our history.  Other leftists abounded but they did not inspire comparable drama and following.

He faced tribulations, went to jail, failed in elections, won a few, but he imprinted his ideas and legacy in the country, and no single mortal has beaten him in the history of this country. His greatest achievement was in the area of ideas, and that was how he fashioned a family. Most families are born of biology but his issued from ideology. That family suffered with him.

In a spoof of Jesus Christ, these were the men who followed him in his teachings, and endured with him in his temptations. So he formed a kingdom for them in the Southwest, in the old Western Region, presiding over his projects, his legacies and people.

In all of these, the family he had was not his flesh and blood. In another spoof of Christ, who were his family anyway? Those who were with him must be counted as his family. So, I combed in the ambience of Babatunde Raji Fashola (SAN), and I found none. I went to Ogun, I frisked the crowd under Amosun’s bower, hardly any. Around Ogbeni Rauf Aregbesola in Osun, I could not lay a finger. With Governor Kayode Fayemi in Ekiti, where are the forbears of Awo? Yet, I can hear the chants of Awo. Hardly in any of the inaugural speeches or any of their other public intervention would you miss the philtre and filter of Awo from these gentlemen. To parody Novelist Joseph Conrad, they are the sparks from Awo’s sacred fire, the messengers of the might within the man.

Already all of them are pursuing the legacy ideas of Awo: free education, free health services, infrastructural development, urban renewal and economic engineering.

Lagos has posted itself as the John the Baptist. The others are putting up valiant efforts, and the world of course is watching to see how well they will perform. It will call for great work, resourcefulness and cooperation. They are the real Awoists, and Awo was a man of rigour and vigour.

The Awo son that many expected to take after the father was Olusegun, who unfortunately died in a car crash. We shall never know if he could have pulled it off.  But the others have not shown much of the paterfamilias’ brio and depth. In the past decade, under this republic, they have blended with the wrong crowd. Even H.I.D, hobnobbed with Alao-Akala, who brought illiteracy to governance; with Oyinlola who turned the grace of office into a hell-hole of despots; with Daniel who could not arrest his quick fall into megalomania.

I wrote once that this woman whom Awo once described as the jewel of inestimable value has lost value to his cause. If he came back to life, he would have committed the extraordinary act of divorce after death. Even his newspaper, The Tribune, has so stumbled and fallen that it swims in Awo’s vomit.

Groucho Max, one of the funniest satirists in American history, said of a man that he got his looks from his father. Then he quipped, “He was a plastic surgeon.” That means the son is not his real son, or he did not inherit his natural looks. Ideologically, when we talk of Awo’s family, the chief inheritor is Asiwaju Bola Tinubu as the leader of all the others. He was the one who stuck his neck out. He could have lost his life or ended his career in politics. The so-called real Awolowos who bear his surname cannot come up for mention. They are Awolowos but not Awoists. They stabbed their father in the back. They have committed ideological parricide.

The only person that made a real try was Awolowo-Dosunmu in the early 1990s and she lost roundly. She was accused of trying to ride her father’s coattail. Political families are good for democracies. They can exemplify the high ideals of diligence, dignity, ideas, character. We have seen these in such families as the Kennedys, the Adamses, the Roosevelts, the Ghandis. They just don’t claim family. They appeal to the high ideals that endeared the families to their societies.

It’s also an irony that these families are falling into twilight. Some of them have vanished. Enoch Powell, a British MP, once gave us the famous line: “All political lives, unless they are cut off midstream at a happy juncture, end in failure because that is the nature of politics and human affairs.”

Columnist Ambassador Dapo Fafowora adverted to this idea in a recent outing, and I debated it with him afterwards. I don’t believe that a political life should be judged by how it ends but what it means. The quote is often missed by many who mistake “careers” for “lives.” A political life should be judged by its legacies. If we judged Awo by how he ended, we would look at him only as the loser to Shagari. That is why I see an intrinsic mischief in Enoch’s quote. But I would agree that political families end also in failure if you judge how they peter out and not the legacy.

Awo’s legacy is alive and well. Members of other families in flesh and blood can carry on. Immediate families tend to suffer from what an author, Noemie Emery, describes as dynastic curse. The children tend to be intimidated by the standards set by the fathers. So they just don’t want to try. They feel they cannot match them or come even close.  The problem probably comes from the fathers themselves. The Adams, who produced important presidents, later gave birth to moral vagrants and drunks. The Bush daughters showed themselves as party girls when their father was contesting the political battle of his life.

But Joe Kennedy groomed his sons assiduously, and they excelled in politics. They also had a fair share of tragedies. Ted Kennedy regained his sobriety and voice in America after a season of debauchery. In Nigeria, we are seeing the Sarakis fade. A Saraki – Bukola - is wiping out the Sarakis from politics. It is a classic case of oedipal tragedy, something I predicted earlier this year on this page.

It is not late though for the flesh-and-blood Awolowos to join their father’s fold. But they must be genuine. Awo was the most important Yoruba personage in history after Oduduwa. They had stellar men like Oranmiyan, Balogun Latosa, Lisabi, Sodeke, et al. None of them had the unifying vision and organisational acumen that Awolowo gave the race. The wife, children and grandchildren should not watch others glow in his jewel without them.

http://www.thenationonlineng.net/2011/index.php/columnist/monday/sam-omatseye/index.1.html


fuzek:
THE General Overseer of the Latter Rain Assembly and running mate of Major-General Muhammadu Buhari (rtd) during the April 16 presidential election, Pastor Tunde Bakare, declared that it would be fool-hardy for “any bastard and the son of a concubine” to assume the leadership mantle of the Yoruba.

While preaching in his church in Lagos on the topic: “It is time to speak”, the fiery cleric said: “Look at the madness going on in Yoruba land. slowpoke, nincompoop, people without family background causing problem because of money, ill gotten wealth. If a town or settlement is at peace, the bastard there is yet to grow up.

“If you are a bastard, there is nothing you can do to cover up with money. Where is your father’s compound? A bastard pretending to be a patriot. We are proud of our heritage because we have goodly heritage. There are those who call themselves nobles who are under the influence of Jezebel. Until they drink kainkain, they cannot function. They pretend to be larger than life,” he added.

He likened the person angling to take over the leadership of the Yoruba to the Biblical Abimelech who forcefully took over a kingdom that did not belong to him and was eventually destroyed.

http://news2.onlinenigeria.com/headlines/100458-pastor-tunde-bakare-of-the-latter-rain-assembly-a-bastard-cant-rule-the-yorubas.html


www.nairaland.com/attachments/8514798_gbwa20190116170056_jpeg25822a5858058df34ca795fd9850312c

1 Like

Re: PPMC May Crash Petrol Price As Crude Oil Prices Dip by Zane2point4(m): 12:02pm On Oct 03, 2020
Franking:
Abdulkadir Saidu? Them no get oil. Them no even sabi book yet everywhere they are in control.

How can every single meaningful position be occupied by the same people who are educationally disadvanted?

Yet their cut off in both Jamb and common entrance is laughable.

#EndNigerianow.
Same thing am reasoning,very bad country.

1 Like

Re: PPMC May Crash Petrol Price As Crude Oil Prices Dip by anonimi: 12:03pm On Oct 03, 2020

2 Likes

Re: PPMC May Crash Petrol Price As Crude Oil Prices Dip by anonimi: 12:12pm On Oct 03, 2020
Franking:
Abdulkadir Saidu? Them no get oil. Them no even sabi book yet everywhere they are in control.
How can every single meaningful position be occupied by the same people who are educationally disadvanted?
Yet their cut off in both Jamb and common entrance is laughable.
#EndNigerianow.

The owners of the Gulani Republic of Naijeriya, FRN won't let you end this Luggard amalgam easily.


www.nairaland.com/attachments/10929745_fbimg1579455637436_jpeg941d304a647af28279b50f7769b411f4


Collapse of Soviet Union

1. Collapse of Communism in the Soviet Union and Eastern Europe (1989)
2. Détente: Cooperation between Superpowers - During the Cold War President Nixon and Brezhnez conducted SALT (Strategic Arms Limitation Talks) conferences and signed a treaty limiting the number of missiles each country can have.

3. USSR and Afghanistan Cooperation/Détente Ends • 1979-1988 • USSR backed the Afghan government; the US backed the Mujahedeen rebels • US boycotted the 1980 Olympics in Moscow • 14,000 Soviet dead; 1+million Afghans –Over 5 million Afghans fled (more than 1/3 of the population) –10-15 million land mines still in Afghanistan –Soviets withdrawal defeated
4. - Soviet economic collapse - Nationalism in Warsaw Pact countries - Tearing down of Berlin Wall - Breakup of the Soviet Union Collapse of Communism in the Soviet Union and Eastern Europe

5. Nationalism in Warsaw Pact Countries 1. Gorbachev’s pullout from Afghanistan and his policy of Non-Intervention gave rise and momentum to Warsaw Pact nationalism movements. 2. Soviet/Warsaw Pact countries resented Soviet control and wanted to direct their own governments.
6. Tearing Down the Berlin Wall 1. East Germany elected a more moderate Communist government, but many not satisfied; allowed people to leave East Germany 2. November 9, 1989 – the Brandenburg Gate opened and people began tearing down the wall 3. Tearing down Berlin Wall symbolized and helped lead to fall of Communism in Eastern Europe; East Germany & Czechoslovakia 4. Gorbachev and President Reagan given credit for being most responsible for the end of the Cold War

7. Ronald Reagan: U.S. President 1980-88 “Tear down this wall”
8. Brandenburg Gate Fall of the wall news broadcast
9. Soviet Economic Collapse 1. Over-spending on arms race weakened government & economy 2.Soviet leader, Mikhail Gorbachev tried to reform the USSR economy in two plans a. perestroika – restructuring of the Soviet political and economic system - Weakened Russian economy in short-term b.glasnost – “Openness” freed public access to information after decades of heavy government censorship 3. Gorbachev encouraged reform in other 15 Soviet Socialist Republics: new countries 4. Hard-line communists attempted a coup against Gorbachev – failed 5. U.S.S.R. crumbles; Gorbachev = the last leader of the USSR 6.Boris Yeltsin, with support of many who wanted continued reforms, becomes President of Russia Mikhail Gorbachev U.S.S.R. Boris Yeltsin Russia

10. Break Up of Soviet Union 1. Soviet Republics, one-by-one, broke away from Moscow and declared independence. 2. 1989-90: The Union of Soviet Socialist Republics (U.S.S.R) was dead.

https://www.slideshare.net/bbednars/collapse-of-soviet-union-61548605





YorubastardSon:
www.nairaland.com/attachments/10271867_fulaniherdsmen16_jpg4c854b18479ab6268872e4349f5d2856

www.nairaland.com/attachments/10241462_operasnapshot20190917192257www_independent_ng_jpeg434d296468d13bc39cada429cc4a253f

www.nairaland.com/attachments/10297990_fulaniherdsmen13_pngb570ae89dff26ca3982273813b299839

www.nairaland.com/attachments/10270139_fulaniherdsmen10_pngd8a430cfd4d6d020495da22dbf8c3e49

1 Like

Re: PPMC May Crash Petrol Price As Crude Oil Prices Dip by Skmoda360(m): 12:12pm On Oct 03, 2020
vanida6:
Alright
What's alright there? This is a rubbish country if you don't know...which I'm sure you know grin
Re: PPMC May Crash Petrol Price As Crude Oil Prices Dip by Agbegbaorogboye: 12:12pm On Oct 03, 2020
Islie:






THE NATION



The Nation is stylishly begging for fuel price reduction
Re: PPMC May Crash Petrol Price As Crude Oil Prices Dip by CodeTemplar: 12:25pm On Oct 03, 2020
A decrease in petrol price means less earning for govt and very likely more pressure to borrow and cut running cost. If we are not producing with the cheaper petrol, it means little to us because we are just consuming it for less important things and domestic use.
Re: PPMC May Crash Petrol Price As Crude Oil Prices Dip by Reference(m): 12:37pm On Oct 03, 2020
!
Reference:
That is the way it should be. Oil is a commodity just like any other and its price should not be controlled through subsidies. Rice is not subsidised, neither is catfish or cement or paracetamol. At worst production may be incentified by tax breaks, waivers on raw material imports but never, ever consumption incentives. Never. It is an economic killer.

If the price of fuels are floated there is so much investment that can go into the downstream sector, so many new opportunities for commerce, a fuel only exchange market can open for hedging and futures trading that big industries can tap into to stabilise their procurement. Folks who build or own large tank farms can buy when when the price is low only to sell when prices rise.

All these economic activity eventually creates the best value product and the best, sustsinable model for economic investment and development. Unfortunately decades of military rule and authoritanism has blocked us from so much knowledge of how to create wealth from our extractive resources and we are far behind the developmental curve, even behind fellow african nations.

You simply cannot develop if someone is paying your bills. You will never be incentified to work. Its that simply. The strain to develop is not called suffering. It is called sacrifice.

BTW: The PPPRA should not be setting the price of fuel at all. All it is required to do FOR NOW is to check the pricing templates to ensure no undue profiting, price gouging and no anti trust issues are running.

On the part of the consumers, the citizens and industry in particular they should also sheath their swords and pull back their 'protectionist forces' from the DMZ of these decades long oily battles with government by putting an end to the arbitrary powers of petroleum sector unions to operate outside the specific industries they operate in. A situation where they disrupt production, distribution and retail at will and for the flimsiest of reasons cannot make for an optimal development of the sector.

Overall, a future where the 'market' in petroleum products is fully develope,d the ability of both government and unions on the other side to control activities will be largely diminished.

1 Like

Re: PPMC May Crash Petrol Price As Crude Oil Prices Dip by kumulus(m): 12:37pm On Oct 03, 2020
This was expected.....


-Lloyd

Re: PPMC May Crash Petrol Price As Crude Oil Prices Dip by Brandstudio01: 12:52pm On Oct 03, 2020
SmartProf:
Don't allow Nigerians begin to develop false hope that will be dashed. During the peak of the Covid 19 pandemic, oil price was at it's all time lowest and many oil producing nations were selling the product to their residents at a heavily slashed price..did Nigerians enjoy such major slash? Our President just told us in his independence day speech that as at today Saudi Arabia sells PMS higher than Nigeria just to justify why petrol price can't be reduced as it's been agitated for but he didn't tell us that the minimum wage in Saudi Arabia when converted to Naira is N305,126 compared to N30,000 in Nigeria.
when all hope is lost already from these socalled leaders
Re: PPMC May Crash Petrol Price As Crude Oil Prices Dip by Dtruthspeaker: 1:06pm On Oct 03, 2020
See how they are dragging their feet to reduce it but to increase it, quickly quickly, sharp sharp, even before you blink, it is done!
Re: PPMC May Crash Petrol Price As Crude Oil Prices Dip by arantess: 1:26pm On Oct 03, 2020
thesolutions:
Has Saudi Arabia reduced theirs yet? Why are we in a hurry? It's not like the price of local rice will reduce when fuel price is reduced.
abi Saudi arabia is the new standard now
Re: PPMC May Crash Petrol Price As Crude Oil Prices Dip by AllOfUsAtManna(f): 1:33pm On Oct 03, 2020
BoboNogoDie:
Okay.

Baa, baa, black sheep,
Have you any wool?
Yes, sir, yes, sir,
Three bags full;
One for the master,
And one for the dame,
And one for the little boy
Who lives down the lane
mynd44 lalasticlala seun oam4j
rule 1
Re: PPMC May Crash Petrol Price As Crude Oil Prices Dip by Nobody: 1:41pm On Oct 03, 2020
Juliusmomoh:
Atleast we are far more better than north korea ..... Na wetin de gimme joy be dat
child play
Re: PPMC May Crash Petrol Price As Crude Oil Prices Dip by vRendoh(m): 2:02pm On Oct 03, 2020
A fall in crude oil price means al low forex which will result to fall in the value of the naira. With low forex where dem go get dollar to import petrol? Fix your Refineries!
Re: PPMC May Crash Petrol Price As Crude Oil Prices Dip by byinks(f): 2:08pm On Oct 03, 2020
Juliusmomoh:
Atleast we are far more better than north korea ..... Na wetin de gimme joy be dat

Yeah but for how long ?
Re: PPMC May Crash Petrol Price As Crude Oil Prices Dip by BoboNogoDie: 3:00pm On Oct 03, 2020
[s]
AllOfUsAtManna:
myǹd44 lalasticlala ṣeun oaḿ4j
rule 1
[/s]

Re: PPMC May Crash Petrol Price As Crude Oil Prices Dip by bejeria101(m): 3:09pm On Oct 03, 2020
The zombie Messiah was comparing us to Saudi Arabia, is Saudi cutting prices?

Oponu daura.
Re: PPMC May Crash Petrol Price As Crude Oil Prices Dip by ugwum007(m): 4:45pm On Oct 03, 2020
Which is PPMC again? I thought is everybody on your own. Why is the government still talking about fuel price.
The government should remove mouth from everything fuel and petrol let the price fluctuate like that of garri in the market.

(1) (2) (3) (4) (Reply)

Serve Nigerians, Not My Husband, Aishat Tells Buhari’s Aides / Diezani Alison-Madueke Loses 56 Houses To FG, Court Orders Permanent Forfeiture / Insurgency: Air Force Deploys Fighter Helicopters To Kaduna, Niger

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 67
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.