Look at this stupid man, very daft short man. The same FG, you suspected to court, because of new naira note.

They just give d midget an oil block. Theives.

They don scam una! Zoo will always be a Zoo. Even those singing for them don't know about it. No wonder Naira started hitting hard against dollars 😂

SoNature:
Why is it that Nigerian refineries don't refine PMS? What is so special about PMS that we don't refine it yet?

If we can surpass OPEC crude oil quota and supply the excess to meet our local demands and refine PMS in Nigeria, I don't see why this country should be spending so much to subsidize petroleum products.

Because for decades, subsidy, and the price controls inherent in subsides, made domestic refining unprofitable.

We went from 400000 bpd capacity in 1987 to 92000 in 2012 to 6000 in 2019.

Venezuela in roughly the same period had their largest refinery go from 900000bpd to 100000bpd. Subsides.

Scam of the century!

Tinubu is a Certificate forger can never be my president

SHOTS FIRED! SHOTS FIRED!

Reading through all the first page none of the Agbados attack El rufai for fake news abi I don’t read it well ni??

De wyne urself

Fkmodhi:
Reading through all the first page none of the Agbados attack El rufai for fake news abi I don’t read it well ni??

What do you expect from slaves and coward tribe? they are born cowards with small penis

SoNature:
Why is it that Nigerian refineries don't refine PMS? What is so special about PMS that we don't refine it yet?

If we can surpass OPEC crude oil quota and supply the excess to meet our local demands and refine PMS in Nigeria, I don't see why this country should be spending so much to subsidize petroleum products.

People receiving the subsidy will do everything possible to make sure the refinery doesn’t work, every session in this govt preferred to take bribes to benefit his household than to see millions of Nigeria enjoy.

eBOLA is all shades of POLICY SUMERSAULT!

AqualinaXYZ:
Still wonder why Dangote is not refining petrol






Them use diesel swear for am





Useless country governed by a desperate certificate forger

If he refines PMS, who will pay him for the differential?
If he sells it at the international market price which could be as high as 900 to 1100naira, which marketer will want to go buy?

So he will only stick to refining diesel n jet fuel that is fully deregulated...
Pms still dey under subsidy regiment

AqualinaXYZ:
Still wonder why Dangote is not refining petrol






Them use diesel swear for am





Useless country governed by a desperate certificate forger

If he refines PMS, who will pay him for the differential?
If he sells it at the international market price which could be as high as 900 to 1100naira, which marketer will want to go buy?

So he will only stick to refining diesel n jet fuel that is fully deregulated...
Pms, hajj, etc still dey under subsidy regiment

SoNature:
Why is it that Nigerian refineries don't refine PMS? What is so special about PMS that we don't refine it yet?

If we can surpass OPEC crude oil quota and supply the excess to meet our local demands and refine PMS in Nigeria, I don't see why this country should be spending so much to subsidize petroleum products.

its annoying abeg

Show proof abeg

It's not enough to say that are doing what they claim they are not doing...
E don tey wen I hear say we borrow from China.... So where dem dey get money to pay more for subsidy??

Show proof!!

Starboytwo:
Obi is a no go area.

He is worster

And Tinubu is the best.

Foolish Yoruba clown.
In a 3rd world country

It appears this subsidy of a scam is like the more you look, the less you see...?

toujurs:
Look at this stupid man, very daft short man. The same FG, you suspected to court, because of new naira note.

Why are you crying?

nairalanda1:


See the GSM thing. Before GSM, there was NITEL, which despite being subsidised was only for the rich.

GSM came, was so expensive intially that most people could not afford it. ...then the GSM companies made insane profit, and as a result, more investment came in and prices fell.

The thing is if subsides were removed in 1993, it would have made domestic refining profitable. And thus refineries would spring up well well.

It doesn't mean we get cheap fuel though....but it means things would be better.

The issue with subsides is that they cause reduction in profit due to the price controls inherent in them. People don't like price controls. SO, they would import, and prefer that government gives them free money.

You simply think Nigeria succumbs to reason and logical analysis like most other countries. You dont know anything about your country.

El like the wrap of weed....you've been used and tossed out......
You're jus one person who inside thinks....yes thinks he's a Stephen Hawkins......but YAH is over you.

First tell the FG since you're one that the Nigerian people deserve the truth in the places you and your cohorts have lied.
Do you think you can do that.....?

They might even want to tell us they are paying subsidy for the the very air we are breathing and agbadorians will believe them. Baluba set of people.

Ekaette1621990:
El Rufai is really pushing Tinubu to the wall.

Nothing concern Aboki with education 😂😂😂😂😂

Anyway I laugh in Swahili 😂😂😂😂😂😂😂

he cant do nothing to El rufai

nairalanda1:


Because for decades, subsidy, and the price controls inherent in subsides, made domestic refining unprofitable.

We went from 400000 bpd capacity in 1987 to 92000 in 2012 to 6000 in 2019.

Venezuela in roughly the same period had their largest refinery go from 900000bpd to 100000bpd. Subsides.

That's not the reason. There's a technical explanation (cracking or fractional distillation) for it. Even the Waltersmith Modular Refinery doesn't output PMS at the moment.

oshiokpu:
He is very correct.
It is not a difficult maths to do

What topic is it in mathematics?

HNICEARTH:


The Ronu gangs dont have the guts to step up to elrufai or anybody from the NW

They are cowards.

datola:
Obviously as a result of Naira depreciation. If government did not restart the policy we would have been paying close to N1,000 per litre for petrol.

However, now that the Naira is gaining value we expect the story to change.

Seconded, if naira continue gaining value. We will soon start paying fully for petrol and more revenue for government

hedonido:
Bastards. Playing ping pong with the brainless masses according to their political interests and financial benefits. But the most annoying part is that some very 'useful' idiots posing as 'intellectuals' are ever ready to support them.

The federal government is not subsidizing any petrol. A barrel of crude oil in the international market is $85 as at today, that’s the equivalent of $0.51/liter. Convert $0.51 to the current exhange rate of $1100, you get naira 561. According to the international market a price of a liter of fuel is naira 561. It hurt me so much that people who have held sensitive position in Nigeria can’t calculate this easy mathematics. The federal has not subsidized petrol since tinubu was president. We need to do our own research before coming online to embarrass ourself

JAOS:
when we try to let them know they say we hate the country only useless set of persons believe the country is making gains what they are doing is tasking the masses to pay for subsidy and defending the naira apc and bad governance are one

Let assume no adjustment and you buy at 1000/litre what will u do to it. You will still be the k es crying. Election is gone don't be too emotional

Oga bandit should keep quiet

Whoever disagrees that Apc is a FULL BLOWN OUT DISASTER even worse than covid is a ZOMBIE