Hengineer:
It's not even the Op's fault, I think the fault os from Vanguard newspaper. I think for obviously political reasons, Vanguard has severally distorted information glaringly. But they know how intellectually lazy Nigerians are to read and comprehend, that's why they still do these little tricks to distort and confuse the public for political reasons.

The first time I noted this trick by Vanguard was in the infamous "I will make N1 = $1" statement which was never made by Buhari. Buhari said "it is not good for a dollar to exchange for N230" but the next day Vanguard reported, "I will make N1 = $1" and up till date, the delibrate falsehood is still stuck on the minds of people.

Hengineer:


[size=16pt]What exactly is it with Vanguard and distortion of information?.... How do the words of the VP above translate into this title Vanguard has just published?[/size]

These guys at Vanguard have proven and re-proven themselves to be anarchists knowing that Nigerians only read titles before airing their opinions. Meanwhile these exact same words by the VP were reported by almost every other media house (including Vanguard) in the past 3 days, but fast-forward to Saturday, Vanguard now thinks the exact same words deserve a new interpretation and title.

This was the same Vanguard that heard Buhari say in a campaign:
"It is not good for the 1 dollar to exchange at N230"

And the next day Vanguard reports:
"I will make N1 = $1"

Now the VP says subsidy removal isnt the main cause of the hike, but rather, the high exchange rate is responsible since marketers now have to source forex at the parallel market.

But of course, Vanguard has a better interpretation of the above simple statement:
"FG Has Not Removed Fuel Subsidy"

Hengineer:
Simple explanation, 'govt has stopped paying subsidies.' Ordinarily with oil prices at $40, petrol shouldnt even sell for up to N100 without subsidy, but the driving factor is now the cost of forex; marketers now have to get their forex from the blackmarket at about 290-300 (and above) instead of the N197-200 which they usually got it before, this is the reason the price shot-up to N145. It may even be reviewed above N145 because obviously, the cost of forex has now risen significantly since the announcement that marketers are now to get their forex from the blackmarket.

pchukwudi:


Simple request: define deregulation for me.

shadelek:


: http://www.vanguardngr.com/2016/05/fuel-price-hike-fg-not-removed-subsidy-says-vp-osinabjo/

babestella:


Now they tell you importers of petrol are free to source forex from black market, that is an endorsement of the black market some people said is not to be used as an index when mentioning forex rates, what do we have now.

I see this arrangement as a big time fraud on the masses. What it means now is that top government officials in good book of Buhari could get forex directly from the CBN and push same to the black market, it's simple. Buhari's wife was alleged to have collected 22 million dollars from the CBN which she sold at the black market rate. It's funny how this government thinks everyone is living in foolery, I doubt if this nation can survive beyond 2019 at the rate this eeeediotys in power dish out their deceits and lies.

Hengineer:
Sir I'm sure you own a dictionary, or you could tey google.

Hengineer:
Sir I'm sure you own a dictionary, or you could try google.

LaExpert:


Most likely not.
The removal of 'monopoly' by the federal government is enough to keep the landing cost low.

My question for you is:
Is VP Osinbajo wrong with his statement?

Dahveydson:


The VP is only saying Nigeria don't have enough dollars to bring in fuel via NNPC anymore, so you and I can bring in fuel now by sourcing our dollars from anywhere. This will ease off pressure from our foreign reserves and NNPC, and also make the product readily available as it is a profitable business.

Also, the govt in a bid to protect the masses, put the maximum price at N145, because people can bring the product and want to sell for as high as N250, but the govt having calculated every cost is saying reasonable profit will still be made at N145, so don't sell above it.

MisterGrace:
These malicious and demonic media keeps twisting things just to make the people to hate this govt.

Thatitan234:


Don't confuse yourself.
Sometimes its best you read/listen from the government authorities directly.

the[b] FG didn't fix a price, they made a price band of 135-145 I.e no one should sell above 145 naira.[/b]

Also, forget what vanguard's headline. they just need cheap crowd.

paragon40:
Apc govt talking from all sides of their mouth...Brother Yemi obasanjo abi wetin be ur name u, and Buhari are confused.. Naira haf fall yakata, dat one sef can open yansh 2 much...no employment,for the youth Police wei pple hate.,wonder if na ghost dey apply 10,000 slots available, total application recieved 8hundred thousand, plus not even 80thousand, almost a million chai..GOD COME TO OUR RESCUE, naija is sinking.. GEJ sorry i said those bad things against you..during ur regime u gave us 9fed unis, wc mai state chop 1... U gave ASUU 200BN FOR Infastructure 30bn for earned allowance no govt have, done that in the past even now that u have left, wish u were a strict leader, who was ready to step on toes..even though una chop things were better..

Pavarottii:
Someone in d industry, told me that d govt is deceivng us. That this is not full deregulation and that d fed govt will deceive us, that they are paying some Lil subsidy (SCAM) into their pockets.

Well let's watch and see.

Pidggin:
Now, i am confused

dukecharles:


**** what is their to read? That suddenly CBN can't provide Fx for fuel importation when the likes of Dangote, Aisha Buhari and other bourgeois are messing with our Fx.. By the time Nigerians will realize that GEJ was the best thing that happened to Nigeria, PMS will be sold for 200, dollars will be exchanged for 500. I just don't like youths that cannot ruminate.

Pidggin:
Now, i am confused

paragon40:
Apc govt talking from all sides of their mouth...Brother Yemi obasanjo abi wetin be ur name u, and Buhari are confused.. Naira haf fall yakata, dat one sef can open yansh 2 much...no employment,for the youth Police wei pple hate.,wonder if na ghost dey apply 10,000 slots available, total application recieved 8hundred thousand, plus not even 80thousand, almost a million chai..GOD COME TO OUR RESCUE, naija is sinking.. GEJ sorry i said those bad things against you..during ur regime u gave us 9fed unis, wc mai state chop 1... U gave ASUU 200BN FOR Infastructure 30bn for earned allowance no govt have, done that in the past even now that u have left, wish u were a strict leader, who was ready to step on toes..even though una chop things were better..

Hengineer:

Bros , you sabi English comprehension well. Thanks for clarification. Kai vanguard

[size=16pt]What exactly is it with Vanguard and distortion of information?.... How do the words of the VP above translate into this title Vanguard has just published?[/size]

These guys at Vanguard have proven and re-proven themselves to be anarchists knowing that Nigerians only read titles before airing their opinions. Meanwhile these exact same words by the VP were reported by almost every other media house (including Vanguard) in the past 3 days, but fast-forward to Saturday, Vanguard now thinks the exact same words deserve a new interpretation and title.

This was the same Vanguard that heard Buhari say in a campaign:
"It is not good for the 1 dollar to exchange at N230"

And the next day Vanguard reports:
"I will make N1 = $1"

Now the VP says subsidy removal isnt the main cause of the hike, but rather, the high exchange rate is responsible since marketers now have to source forex at the parallel market.

But of course, Vanguard has a better interpretation of the above simple statement:
"FG Has Not Removed Fuel Subsidy"

MisterGrace:
These malicious and demonic media keeps twisting things just to make the people to hate this govt.