I like this very pleasant news

In a nut shell, we will start to buy fuel for 250 naira per litre.
I hope Sai Barbarians will buy theirs for #40

Country like uae even if they shutdown all their oil businesses they will stil survive without borrowing.... they invest heavily in infrastructure, human and capital development and its paying off now unlike useless country like Nigeria that depends on crude oil to survive

Freestainworld:
They will sell fuel at 500 per litre before the end of this administration.

300 for sure!

ivandragon:
There is something these APC guys refuse to acknowledge...

As much as one does not want to talk about the GEJ era, the fact remains that it was a huge feat for that administration to have kept fuel prices under #100pl for over 4 years.

It was the reserves that took the heat reason why it was reduced to under $30b.

Some say oil prices were over $100pb but they forget that by 2012, US had reduced fuel imports from Nigeria by about 50%. & This was our biggest trade partner with respect to crude oil.

By the time new markets were gotten in 2014, crude oil prices were on the way down...

Nigeria's current financial woes is to be blamed on LACK OF SYNERGY between the current economic management team and the politicians.

How do I mean?

The economic management team ought to have seen this reality as far back as 2019 and ensure strict implementation of measures to address the situation before today.

Yes, you will mention social investment programs, but of what market value is the cash given out to the masses via those programs and for how sustainable is such for a nation that depends on oil and facing the threat of dwindling crude oil price in the international market.

The politicians are on their own part requesting and collecting raw cash for developmental projects in their constituency to either build the projects or share the raw cash.

They also saw the insecurity situation as a business to cash out real dollar bills, a reason why they lacked the will to probe missing funds meant to procure arms for the defense of the country.

Effective leadership is key to bringing the nation out of this reality, let persons with knowledge and skills in national economic management lead the economic team (Not stressing the VP, who is of the legal world and except him to perform miracle as head of economic management team).

The politicians should also be forced to comply with extant financial guidelines and laws, as such laws are meant for the economic stability of the nation as a country.

On the insecurity situation, till Government and her appointees starts seeing it that they are running their administration down and doing a great disservice to the nation, it will not come to an end. Its sad to accept the fact that the Nigeria army and police that have achieved feats in international assignments cannot safeguard her local and international boundaries.

All this jagons....!!! Could anyone in the house explain the resultant effect of this? Just for us to know what we should be expected

Lordave:
Now is time to explore the Gold in Zamfara and Sokoto so we can sustain the economy since oil production has failed.

Oil production hasn't failed. What has failed is d management of oil production. D same failure looms in gold production.

End of Nigeria loading.............. no money to disburse to state more problem.

The God of the Ijaw nation is a great God, the God that sympathised with Jonathan for all the evil Nigerians did to him.

Now is the time for Nigeria's reward. Una never start!

Fashola said 6 months is enough to solve Nigeria's power problem, they made him power minister, 6 years down the line power is still elusive.

Rotimi Amaechi lied that Jonathan built no trains, today as transport minister he has eaten back his words and is facing challenges in the rail sector. His rail project in Rivers state was abandoned by his successor.

Muhammadu Buhari said fuel subsidy is a scam, he made himself petroleum minister, under his watch every kobo Nigeria earned has been used to pay for fuel subsidy. Would it be right to call Buhari a scammer?

Na God go judge all of una!

ngadaAwo:
how about Buhari resigning

Hypocrite Apc

Even if Obi the fraudster from China is brought in, nothing will change this fuel situation

[s]

ThatFairGuy1:
Even if Obi the fraudster from China is brought in, nothing will change this fuel situation

[/s]
Obi is not from China
he's not a fraudster

but Tinubu is a cocain smuggling bastard while Osinbajo is a bribe eating scumbag and fake pasta
Buhari is a terrorist
kiss the truth

ngadaAwo:
[s][/s]
Obi is not from China
he's not a fraudster

but Tinubu is a cocain smuggling bastard while Osinbajo is a bribe eating scumbag and fake pasta
Buhari is a terrorist
kiss the truth

NgadaAwo In severe pain

Racoon:
Whao! Yet NNPC was doling out a whooping $15B allegedly to revamp the moribund PH refinery? Why cant the government hands off inport, price regulation of petroleum products and let the market forces determine what happens thereafter.

Now, they have looted so much to pay a fraudulent subsidy or subsidy under-recovery that they rightly called fraud but opted for the corruption because the NNPC have simply been the no-1 cesspool of endless corruption with successive governments.

How can they? when they are the ones importing petrol a ahahha

StaffofOrayan:

Before 2023, people no go understand wetin push dem come outside to protest, Coz while the country gets harder, the killings would double

tit:
When is Emefiele's tenure ending?

Emefiele is CBN governor, what has he got to do with this?

Racoon:
Governor Godwin Obaseki was right.The government lied as in it characteristic trademark.The beginning of the end
The main source of Nigeria's economic sustainance and GDP has dried up.

Where will they governors get their allocations from or they will start austerity measures? Inflation is already @ double digits figures while unemployment is frightening coupled with other ills bedevilling this failed nation.Brace for impact people.

Who told you oil is Nigeria’s main GDP?

Freestainworld:
They will sell fuel at 500 per litre before the end of this administration.

This year sef e go reach 250 to 300.

Scam scam scam

And you have over $1bn to pour into refineries that don't work?

The end of this nonsense is near

Blame the global pandemic , not the government. As useless as Naija goverment is, blame the pandemic, Everywhere is affected. It does not matter if Buhari leaves office today. Businesses worldwide are collapsing , food price is up everywhere both home and abroad. If you can earn income and you are healthy , just be grateful to God.