Biko deliver already

The wait is finally getting over.

Make una rest for the unnecessary anticipation

Midex88:


Can you explain

S c a m
M m m

seborrhic:

Evolving to darkness.
The dimwit removed fuel subsidy without thought then devalued the Naira,based on his short sighted idea of those being the magic wand to set nigeria to an Eldorado.
But due to his devaluation of the Naira that has now gone into free fall as everyone that has some sense and is a good student of history knows,now they are back to paying subsidy through the backyard,so as to hide their dumbness and shame.
If you doubt subsidy is still being paid:in October last year landing cost of petrol with exchange rate of about ₦800/$ was ₦720.Then fuel was still sold at 650-670.
In 2024,dollar has been at least ₦1300,but petrol is still being sold @₦650.What magic formula are they using to keep fuel at ₦650 when naira has depreciated by about 60% since the known landing cost of 720 last year?
The formula is subsidy but they feel ashamed to admit so because babablu has now boxed himself to a dead end:truly remove the subsidy caused by further Naira free fall and see fuel sell for 1200-1300 or keep it and continue paying while lying that you are on tract on your pronouncements.

Well said, most of their clown, supporters cannot reason the math you did here , They have very low IQ ppl.

Ghoxt:

Do he own the refinery?

You dey mind the foolish clown, always associating any good news with their failure demigod.

The weeks will soon become months and months become years. Lets wait and see.

As at January Nigeria is producing 1.4m bpd and Dangote refinery is 650k bpd. PH refinery if become fully functional will take another 210bpd. As much as transaction of crude is in Dollars there will be a very little impact in Dollar-Naira rate. Months ahead will prove this. Then they will start to explaining to your likes that transaction is done in Dollars, so there is nothing they can do about it. Functional refinery will not have major impact in our exchange rate because its raw materials are sourced in Dollars. Functional refinery can only eliminate PMS,Jet A1 and AGO scarcity and probably crash the pump price by 1 or 2 Naira

Paraman:
You keep on talking g about Dangote, is Dangote the only refinery I am mentioning on my post? The NNPCL will also start selling refined petroleum very soon too.

Dangote and the NNPCL will sell to Nigerians in naira and sell to international customers in dollars.

How many barrels of oil do Dangote need per day to run his refinery sef? Nigeria is producing more than 1 million barrels per day.

I still stand my ground, the pressure on the naira will be relieved once our refiniries