RealityShot:
why wait till december to strike?

and all the sharp practices fuel dealers engage in, doesn't those give them the profit?

olawooro:
Are you a member of that evil group or association, abi whatever they call themselves?

Kenekingisback:
Christmas go hot for Lagosians and Easterners

Hope they remember the experience last year ...N250/litre of fuel in East throughout Christmas and New Year.

This people would never learn and unlearn.

Useless APC government

mmadu5:
buhari will die a horrible death , and his children shall parish , including his grand kids , i spit on this nation called nigeria , i will advice anyone reading this to leave this country i have connection in togo , benin , ghana , ivory coast and chad , these countries are x3 better than Nigeria , accommodation is free for mostly ladies , leave Nigeria before you die of either hunger or frustration

theoldpretender:


No.

Have been following the subsidy issue since the early 1990's...and like most Nigerians blamed government and the marketers. I even was one of those who called a certain Minister who stated that fuel was cheaper than cocacola in 2006 names.

However, since 2011...I have been educating myself more about the issue.

The problem is, marketers import fuel at N180 perliter....and sell it at N145 perliter. Meaning they lose N35 per liter of fuel sold.

Normally,government is supposed to pay the N35 difference,but due to low oil prices (keep in mind that Nigeria needs to seee crude oilprices at $140 per barrel to run a balanced budget...and right now.....fuel is low)....they cannot keep paying that money. (Corruption too makes the matter worse).

So marketers , facing an end of year loss that might force them to SACK WORKERS engage in scarcity...so that they can force government to pay up...while they also do things like selling oil to black marketers who sell it at a higher pricefor them, smuggle it to countries like Niger and Benin where oil is sold at a much higher price.....so that they can make money to keep their businesses above water.

That is why I think oil subsidy should go. Unless...you people want government to start taking more loans.

escapefromusa:


Nigeria Oil Workers Strike Over Inefficiencies, Corruption
^{December 16, 2014
https://www.voanews.com/a/nigeria-oil-workers-strike-over-inefficiencies-corruption/2560520.html}

theoldpretender:
Oil subsidy must go

The main problem is the 800million that has to be paid in subsidy claims, IE the 800million difference between the cost of fuel and the cost importing it.

There is a solution to the problem. Allow marketers sell fuel at the price they want to sell. Yes. Fuel will sell as high as 300 naira per liter. Yes, life will get hard, but there will be no scarcity, no subsidy scams, and crucially long term prices will fall.

Oil subsidy must go. Since 2006, even since 1993!

hisgrace090:
There's nothing like oil workers, if anything bring scarcity this time it may be as a deliberates attempt by the fg to suffer the Christians on this exmass season

hisgrace090:
There's nothing like oil workers, if anything bring scarcity this time it may be as a deliberates attempt by the fg to suffer the Christians on this exmass season

bigsmoke2:
how can you think like this, is it only Christians that use fuel during Christmas. How would a govt trying to retain office benefit from fuel scarcity two months to election. People just open mouth and talk Sha

hisgrace090:
There's nothing like oil workers, if anything bring scarcity this time it may be as a deliberates attempt by the fg to suffer the Christians on this exmass season

hisgrace090:
There's nothing like oil workers, if anything bring scarcity this time it may be as a deliberates attempt by the fg to suffer the Christians on this exmass season

kumakunta:

Are there no Christians in the FG ? Or why are the Christians there suffering fellow Christians ? And are all oil marketers Muslims , I believe we have a lot of Christian marketers so why do they also go with the plan to suffer their fellow Christians ?

Always make comments like an adult .

Pavarottii:

Is now u know, wen gej wanted to remove it , u guys called him names

simplycarro:


Sheer ignorance.

Only NNPC imports PMS now in Nigeria.

hisgrace090:


Who told you that Christians can't exploit fellow Christians?

Why always on exmass period remain my question.

hisgrace090:
There's nothing like oil workers, if anything bring scarcity this time it may be as a deliberates attempt by the fg to suffer the Christians on this exmass season

theoldpretender:


No.

Have been following the subsidy issue since the early 1990's...and like most Nigerians blamed government and the marketers. I even was one of those who called a certain Minister who stated that fuel was cheaper than cocacola in 2006 names.

However, since 2011...I have been educating myself more about the issue.

The problem is, marketers import fuel at N180 perliter....and sell it at N145 perliter. Meaning they lose N35 per liter of fuel sold.

Normally,government is supposed to pay the N35 difference,but due to low oil prices (keep in mind that Nigeria needs to seee crude oilprices at $140 per barrel to run a balanced budget...and right now.....fuel is low)....they cannot keep paying that money. (Corruption too makes the matter worse).

So marketers , facing an end of year loss that might force them to SACK WORKERS engage in scarcity...so that they can force government to pay up...while they also do things like selling oil to black marketers who sell it at a higher pricefor them, smuggle it to countries like Niger and Benin where oil is sold at a much higher price.....so that they can make money to keep their businesses above water.

That is why I think oil subsidy should go. Unless...you people want government to start taking more loans.

grandstar:


Buhari had the golden opportunity to deregulate the price of petrol when prices were very low but refused to.

His lamentable understanding of economics,and his obstinancy has created this 800billion hole.