Sibrah:
what is causing the 50% short fall?

Sibrah:
you call an artificial protest by marketer slavery, then what do we call the sales of kerosine at N150 and unregulated diesel at double intl market rate.

Sibrah:
you call an artificial protest by marketer slavery, then what do we call the sales of kerosine at N150 and unregulated diesel at double intl market rate.

baralatie:

OK,let me help again:
there are five(5) refineries with 450,000 barrels capacity I.e they can deliver around 20 million litres per day of petrol at sustained production but unfortunately these refineries are constantly under (T.A.M).
Nnpc posted it at sustained level 40 million litres of petrol per day which it can't meet so it imports through major marketers at an agreed fee from ppra.
the. on cost before now was subsidized but according to F.g it cannot be sustained.
Fast forward to present,we have a 50% shortfall in oil revenue.how is govt going to pay for the subsidy and pay for the oil marketers.
hence the years budget removed subsidy payments and being the end of an administration.guess what the oil marketers are doing.

baralatie:


Falling crude oil prices!

Sibrah:
If crude price is falling then why isn't diesel and kerosine reflecting this fall in price. Have at d back of ur mind that diesel is unregulated by our govt I.e zero subsidy.

shiftmarket:


OK. As soon as corruption can be differentiated from the corruption a decision will be made. The subsidy removal proposed before now was just an organised revenue scheme by some individuals and a political party.

baralatie:
by the same oil marketers!

baralatie:

good question the PRICE of diesel is NOW CONTROLLED BY THE OIL MARKETERS,
HOPE YOU CAN SEE THE CLICH!

baralatie:

good question the PRICE of diesel is NOW CONTROLLED BY THE OIL MARKETERS,
HOPE YOU CAN SEE THE CLICH!

Xetima:


After all your story, you still missed the point. Removal means that government has no business in fuel business. What OP is saying is that had the removal been made in 2012, you would not be suffering today. We all paid exorbitantly when GSM was introduced, but today it is as cheap as pure water. I hope you will protest now that Buhari will do the same thing GEJ suggested 3 years ago.

IT ONLY SHOWS THAT YOUR LEADERS ARE NOT VISIONARY AFTERALL

otr1:

So even if the price of crude oil drops to $1 per barrel, the marketers will still keep the price of diesel at N150 per litre? Is that competition or monopoly? As the man you quoted stated earlier, the oil sector can not operate effectively, deregulated. There must be a form of state control. There can never be competition necessary to bring down the price, without the government having a stake, otherwise the marketers will be running the sector like a monopoly. Left to them, the marketers will keep the price high and create artificial scarcity whenever they want, deregulation or not.
subsidy removed or not, the price of petroleum products will remain high and scarcity won't stop under this current arrangement.

Sibrah:
under the watch of whose govt?

baralatie:

govt has nothing to do with.it is either the citizens make a demand for price reversal or the sit down look!

Sibrah:
If govt has nothing to do with marketers milking Nigeria then I wonder what the govt has business with.

onegig:
Another person drawn from the same cloth. Ok. Let me try and explain like you are 5.

Most of us or majority of Nigerians who protested against the subsidy removal didn't do it because they felt it was wrong. They protested the basic fact that.

First, Nigeria does not have any excuse to be importing refined petroleum products as we have refinaries only that the government was inept to manage it. Question was, why would the common man have to pay for government's uselessness and mistakes?

Secondly, the figures were bogus and shrouded in corruption. If anything the price and quantity was manipulated and if facts were to be followed the outrageous amount the FG was banding around then was a farce.

Third., we never trusted the government to do what was right. The jonathan administration was corrupt and it was very obvious even before the removal of the subsidy. And we were right. What do we have to show for the trillions saved from the partial removal since 2012? Where is the turnaround maintenance we were promised? Where are the roads? Where are the increased investment? If we had allowed the full removal, aren't we going to be left disappointed at the end just like we are now.

Basic fact is. The government wanted to remove the subsidy then not because they had plans for any developmental project for Nigerians but like the leprous and insatiable thief that they are they couldn't just keep their eyes of that cookie jar.

Are we justified to have protested? Very well justified.


Subsidy removal is a nice idea but not one that should be posited by crooks and never do wells.

baralatie:

hahahahahahahahahahaha!
as long as you keep shifting from what it is and invent the search for corruption as a general term.
the problem remains!

shiftmarket:


Am not sure I understand you but fact is the whole subsidy issue is shrouded in mysteries. Once the real position of things is known, Nigerians can now decide if they want subsidy or not.

Kindly explain why radio, TV stations, banks and telecoms are shutting down because of diesel. Or is diesel subsidised?

shiftmarket:


Am not sure I understand you but fact is the whole subsidy issue is shrouded in mysteries. Once the real position of things is known, Nigerians can now decide if they want subsidy or not.

Kindly explain why radio, TV stations, banks and telecoms are shutting down because of diesel. Or is diesel subsidised?

shiftmarket:


Am not sure I understand you but fact is the whole subsidy issue is shrouded in mysteries. Once the real position of things is known, Nigerians can now decide if they want subsidy or not.

Kindly explain why radio, TV stations, banks and telecoms are shutting down because of diesel. Or is diesel subsidised?

mekaboy:
Those that wanted to crusify Gej and Okonjo iwealla when they asked for removal of subsidy. Can u see who the real enemies are now?

If subsidy was removed back then, by now petrol wont be scarce and it would not be more than 120 now. But today, we gladly by for 300-400 if we see.

Those that brought u food and drinks during the protest are the ones ensuring u pay with ur blood.

onegig:
Another person drawn from the same cloth. Ok. Let me try and explain like you are 5.

Most of us or majority of Nigerians who protested against the subsidy removal didn't do it because they felt it was wrong. They protested the basic fact that.

First, Nigeria does not have any excuse to be importing refined petroleum products as we have refinaries only that the government was inept to manage it. Question was, why would the common man have to pay for government's uselessness and mistakes?

Secondly, the figures were bogus and shrouded in corruption. If anything the price and quantity was manipulated and if facts were to be followed the outrageous amount the FG was banding around then was a farce.

Third., we never trusted the government to do what was right. The jonathan administration was corrupt and it was very obvious even before the removal of the subsidy. And we were right. What do we have to show for the trillions saved from the partial removal since 2012? Where is the turnaround maintenance we were promised? Where are the roads? Where are the increased investment? If we had allowed the full removal, aren't we going to be left disappointed at the end just like we are now.

Basic fact is. The government wanted to remove the subsidy then not because they had plans for any developmental project for Nigerians but like the leprous and insatiable thief that they are they couldn't just keep their eyes of that cookie jar.

Are we justified to have protested? Very well justified.

Subsidy removal is a nice idea but not one that should be posited by crooks and never do wells.

baralatie:

diesel is not subsidized,it is only the oil marketers that can explain why they refuse to cut the price or supply the market.

shiftmarket:


Good. Same thing can happen to petrol even if u remove subsidy or not. So in essence we can both agree that subsidy does not magically solve our problems as u wud have us believe. All the other quoted rhetorics are just that.

A proper investigation will show for example why a refinery is always on TAM as u claim they are. Just for ur info, are u aware that the Nigerian refineries do not get their share of crude to refine?

baralatie:

TAM means that the refinery is shut down for at least 6 months.imagine having a 6 months shut down every year.
what benefit is it to supply 450000 barrels of crude?

as for the earlier comment about subsidy or not that means you are saying " let us continue the inefficiencies and round down govt till further notice"

shiftmarket:

If u were d owner of the refinery and it was the only source of income u hv wud u allow it to be shutdown every 6 months period? Is that how all the refineries in d world dat we import from get shutdown? So our own version of TAM is suspect so u see subsidy is not the problem but corruption.

baralatie:

w.a.e.c economics,paper
1a.list the advantages and disadvantages of govt owned firms(20 marks(.

baralatie:

now onto the refineries!!!!
1.there are four to five refineries in Nigeria
2.one is 1965 old built by shell.
3.they can refine 450000 barrels of crude
4.it means you will have
a.30000000 million litres per day of petrol
b.12000000 million litres per day of diesel
5.but since 1985 they are constantly on (t.a.m(
6.all attempts to repair them failed.
7.obj sold the refineries but it was cancelled by yar 'adua
8.all attempts for Gej to either repair them were met with scorn
a.all attempts to have them for sale were hindered in the courts and by oil and gas unions.
9.a new licence to build a new refinery was given to my small boy in money dangote.
10.it takes 3 years to build a new refinery.

shiftmarket:


Advantages (sane countries though)
The govt owned firm is able to run their firms efficiently at lower cost with the best brains with the best resources, already existing R& resources by using their universities.
They are also able to exempt themselves from tax making their products cheaper for the masses.

Singapore runs refineries and they do not have crude at all. I insist subsidy is not the problem, corruption is. To remove or not to remove, we must first know the true state of subsidy.
Disadvantages
Private companies find it difficult to compete killing the local industries.

trillville:



The puzzle you need to figure out is what is the real reason our refineries are not working?

Do you know that Nigeria has one of the highest grades of crude oil?

Do you know that the refined petrol brought into Nigeria is from low quality crude and not our own crude?

Even if subsidies were removed, Nigerians will not refine our crude for us to use. They will rather start importing cheaper low quality crude from other countries for us to use.

The problem we have is greed and corruption and these issues are deeply rooted in our culture.

baralatie:


hahahahahahaha!

if I show this you expo answer to one queens college final year student.wahala go dey for her economics result o!