NextGovernor:
God punish you Kachikwu

hob:
‘Femi Asu

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said Nigerians will be amazed at what will become of the price of Premium Motor Spirit in the next six months.

The Federal Government had on Wednesday announced the removal of fuel subsidy, with a new petrol price band of N135 to N145 per litre, up from N86 and N86.50.

The development has been greeted with mixed reactions, with labour vowing to protest against it.

Kachikwu, who spoke on Thursday morning on Channels at the Sunrise Daily programme which was monitored by our correspondent, said the move was necessary in order put an end to fuel scarcity in the country.

He said the market dynamics would take hold fast “because there are a lot of Nigerians who are very active, very bullish, very talented in doing this; they just have been prevented by government intrusions.

“As it gets better and it gets to a point where we find that the market has stabilised in terms of supply, we will begin to pull back a bit in terms of determinants for pricing.”

He said by opening up the space for people to perform, to practise their trade, “you will be amazed at what will happen to your N145 price because it will go downwards.”

The minister said as a result of the decline in government earnings from oil, it could not provide foreign exchange for the importation of fuel.

“You don’t give what you don’t have. We want Nigerians to understand that we feel the pain, and we have tried to avoid it since I came in October. We have done everything we can.

“We first went on to the issue of the subsidies that we inherited which, by the way, were based on 50 to 55 million litres consumption, and we said the number looked bloated. So, we did an experiment and came to a conclusion that this country doesn’t consume more than 45 million litres a day.

“Then we came to a second point and said, ‘We are not even going to have subsidy again. We are going yo exit it because there was just too much fraud involved in it.'”

The minister said if the government did not take the step it took, massive subsidy would continue, adding that there was no foreign exchange for importation.

“So, left with that option, what were we supposed to do? We have struggled. Queues continue to go and they are back. And it will continue to happen unless we address the issues.

“If you free up Nigerians to find sources of funds, they will find those secondary funds. They will import the product; the burden on the NNPC will reduce and the country will have peace and subsidy will go away permanently.”

Kachikwu added, “I am appealing to Nigerians to please for the first time realise that we are doing our very best. I have together with everybody who is in this government worked night and day looking for solutions.

“We mean well and Nigerians should please trust us. Give us a chance, you will be surprised what will become of your PMS price over the next six to eight months.”


http://punchng.com/petrol-pricell-go-six-months-kachikwu/


Lets take note my people.

hob:
‘Femi Asu

So, we did [b]an experiment [/b]and came to a conclusion that this country doesn’t consume more than 45 million litres a day.

http://punchng.com/petrol-pricell-go-six-months-kachikwu/


Lets take note my people.

Abagworo:
Everybody always knew subsidy needed to be removed right from OBJ era but Nigerians always resisted it leading to a compromise which usually ends in hike in price without subsidy removal. Maybe because we trust Buhari we might let it stand this time around but if nothing positive comes by May 2017 we shall occupy Nigeria again.

VocalWalls:
normal lying government.

I'm tired of Nigeria.

"My Watch Is Ended"

Rexnegro:
In Defence Of Deregulation: A Correlation Between The Price Of SIM
Card And PMS
I bought my SIM card with number 08033440773 for 30,000
NAIRA. I made calls 70/per minute, whether it was 25 seconds or
60 seconds. Then MTN held sway.
Glo came. Econet came. Other Telecom companies came. All of a
sudden, the price of SIM cards crashed to 3000 and 1000 NAIRA
and then nothing! The telecom companies started begging us to
pick up their SIM cards for free.
And now, I don't even know what MTN charges for a minute's call
again. It's something I take for granted. But in 2004, I always
checked my account balance to see how many minute's call my
airtime could sustain. I do not have that worry today.
Competition in the sector has driven down the cost of everything. If
my MTN line misbehaves, I buy airtime on my Glo network and
make calls from there. There were times when MTN gave me
bonuses whenever I had dropped their SIM for other networks just
to woo me back.
Occasionally, MTN will role incentives, promos and packages to
reward my loyalty. Other telecom companies do the same. The
endpoint is always to keep their customers happy and hooked to
their brands and services.
All that happened because President Obasanjo deregulated the
sector. It appeared a crazy idea when he did it, in fact, the cost we
borne was humungous. But all that has eased out to usher in an
era of choice that comes with comparative ease today.
If you support the government's deregulation of the petroleum
sector, though initially things will be tough, but ultimately, it will
bring happiness just as we experienced in the telecom sector.
Have you ever imagined a situation where independent marketers
will fall over their necks just to have you buy fuel in their stations?
And then, you, the buyer, will make your yanga whether to buy in
station A or B, if their price, quality and quantity is right.
That time will come, and sooner than we expect. So let's endure
the pain of deregulation to enjoy the gain that is sure to come. We
cannot afford to continue enriching few pockets against million of
Nigerians.
There's no better time than these period. Support Deregulation in
the downstream sector for the benefit of all.

FullDepth1:




Oshe ! Vocal Stark ! ....

danjaba:

wawa banza kawai

Abagworo:
Everybody always knew subsidy needed to be removed right from OBJ era but Nigerians always resisted it leading to a compromise which usually ends in hike in price without subsidy removal. Maybe because we trust Buhari we might let it stand this time around but if nothing positive comes by May 2017 we shall occupy Nigeria again.

LordReed:
Questions:

Will food prices go down in 6 months?

Will transport prices go down in 6 months?

Will any of the service costs that go up because of this increase go down in 6 months?

Did they stop to think about the impact all of this will have on the quality of life of the masses?

silvoice:
I Lay a curse on anyone who defend politicians simply because he or she is benefiting from them, is from the same tribe or party. I don't care which side you belong to. PDP and APC are the same and their sycophants. Are mainly idiots who will all receive their reward when the time come. Indeed, #there was a country.

silvoice:
I Lay a curse on anyone who defend politicians simply because he or she is benefiting from them, is from the same tribe or party. I don't care which side you belong to. PDP and APC are the same and their sycophants. Are mainly idiots who will all receive their reward when the time come. Indeed, #there was a country.

So you have special powers like that and your life is still where it is..




Africa is blessed but Africans are cursed.