I know one thing for sure that Nigerians will survive and be deliver from the hand of hypocrisy liars Government. ....Arrant nonsense.

which subsidy this government wants to remove again after selling fuel for N145.00 per litre? shameless government.

BabaOwen:
I hope this people won't try shit o, cause Nigeria will burn if this foolish and useless government feels they can increase the price of fuel without increasing peoples salaries by more than 100%... There shall be total anarchy.

We're not fools, you can't increase fuel price from 87 to 148 without anything to show for it.

bro noting will happen if this govt increases the pump price to #50. u know wat citizens ve made themselves fools already. How can the citizens revolt against their oppressors when the country is so deeply divided along religious and tribal affiliations?
How can the citizens stand against their oppressors (Leaders) wen they (Citizens) prefer to eat the crumbs that fall from the elites table?
There will never ever b a revolution against bad leadership in this country.

R

psucc:
Something is in the offing. They've given an indication. This is tip. May be New Year message may not be palatable.

But can Kachikwu tell us what actually constitute the recent N145/litre price Nigerians are paying? The initial statement was the removal of subsidy and today the subsidy doubles what the PDP use to pay. Buhari will remain a reference point in Nigeria's history when lies, corruption, and dumb followers are taught.

By and large, OBJ, Tinubu, even Atiku must pay for the sufferings they brought on Nigerians

At the time the 145 was set,there was no subsidy. If your remember, the plan then was for regular review of the cost o PMS when there is change in crude price! This was never done. So presently, govt have to subsidise PMS.

Finally APC found the meaning of subsidy, that they didn't know during PDP

profem1:
Current landing cost for PMS is about N195/litre. NNPC sells to oil marketers at N139/litre leaving only N6 as margins for oil marketers. In the real sense, the FG don't actually pay directly for PMS. Purchase is done through a Direct-Sale-Direct-Purchase programme. We exchange our crude oil for equivalent amount of PMS. However, FG is now selling PMS at a lower cost. As a result, the FG is taking a hit on revenue via full revenue that should have been gotten from our crude oil sale. The only difference between the subsidy and under-recovery is that we are not paying cash to oil marketers again but we are loosing revenue which is more or less the same impact.

The FG might not be able to put up with this again...So, PMS price could be hiked after elections. As a matter of fact, our PMS price is lower compared to average PMS price of other oil exporting countries price. Average price is around N230/litre.

And your point is See why this country will never get better, never! We have idiots and fools amongst us, that is if this mumu isn’t from Sudan sef

BabaOwen:
I hope this people won't try shit o, cause Nigeria will burn if this foolish and useless government feels they can increase the price of fuel without increasing peoples salaries by more than 100%... There shall be total anarchy.

We're not fools, you can't increase fuel price from 87 to 148 without anything to show for it.

Na only for internet (Nairaland) Nigeri go burn. Will you come out to the streets when time don reach. When you see black soldiers with black uniforms and padlock for mouth you will just form malaria fever inside house dey rake for internet.

innovestor:


Na only for internet (Nairaland) Nigeri go burn. Will you come out to the streets when time don reach. When you see black soldiers with black uniforms and padlock for mouth you will just form malaria fever inside house dey rake for internet.

Bro I swear to God, if I see support am ready o... Things can't keep on going this way.

joyfullyjoyous:
I don't seem to understand this subsidy rival thing again o. Sebi we were told they've removed it ni when fuel became N145 per litre from N87 and that there would be competition which will lead to a fall in the price of fuel. I just don't get.

You get it, I guess you are just refusing to accept the truth that you are being lied to.

wait a minute, why are we buying fuel for 145 per liter? gej removed the subsidy and increased the rice to 145 and the whole Nigerians occupied the Streets. what tha hell are these people trying to stuff us with?

lamideee:
so they should kuku kill us because of that abi?

Ask yourself , if you were a petrol marketer , what would you do ?

Would you sell petrol at a by far lower price than you bought it ?

thief didnt you say fuel subsidy was removed.

Niceman4u:


bro noting will happen if this govt increases the pump price to #50. u know wat citizens ve made themselves fools already. How can the citizens revolt against their oppressors when the country is so deeply divided along religious and tribal affiliations?
How can the citizens stand against their oppressors (Leaders) wen they (Citizens) prefer to eat the crumbs that fall from the elites table?
There will never ever b a revolution against bad leadership in this country.

yes there will never be, we prefer to bury our heads in the sand and choke on the lies fed to us by our so called leaders.

urahara:


Earning power has nothing to do with how much we should be paying as the marketers have to stay in business

Is it d marketers that supply us fuel that supplies other countries?

urahara:


You keep on saying that we have no business importing fuel , but you have failed to address why we are even imprting in the first place.

So address y we are importing in d first place

lexy2014:

Is it d marketers that supply us fuel that supplies other countries?

I honestly don't know

profem1:
Current landing cost for PMS is about N195/litre. NNPC sells to oil marketers at N139/litre leaving only N6 as margins for oil marketers. In the real sense, the FG don't actually pay directly for PMS. Purchase is done through a Direct-Sale-Direct-Purchase programme. We exchange our crude oil for equivalent amount of PMS. However, FG is now selling PMS at a lower cost. As a result, the FG is taking a hit on revenue via full revenue that should have been gotten from our crude oil sale. The only difference between the subsidy and under-recovery is that we are not paying cash to oil marketers again but we are loosing revenue which is more or less the same impact.

The FG might not be able to put up with this again...So, PMS price could be hiked after elections. As a matter of fact, our PMS price is lower compared to average PMS price of other oil exporting countries price. Average price is around N230/litre.

We thought buhari said oil subsidy is a fraud and that it doesn't exist? Which one is all this grammar u are writing?

justphillips:


And your point is See why this country will never get better, never! We have idiots and fools amongst us, that is if this mumu isn’t from Sudan sef

Basically we import most of the fuel we use.

We only have four new refineries, and we need to build at least 4 more to keep all refining at home. The last new refinery we had was opened in 1988...30 years ago. Since then population has increased, cars and generator has increased.

In 2015 , when government increased the cost of fuel, the landing cost was N132. We were selling fuel at N87 per liter. The marketers were losing at least N50 per liter of fuel...so govt 'increased fuel prices'..ie partial removal of subsidy.

Now that landing cost is N195. Fuel is sol;d at N145. NNPC is doing corrupt Baru economics to 'subsidize fuel' A complete and total removal of subsidy would end all those abuses...and yes, fuel will go up to N200 and above.

BUT....investment would flow in, we would probably have more new refineries, and the scams would end.And crucially...prices will fall.

lexy2014:

So address y we are importing in d first place

We have four new refineries...and the last one was built in 1988...30 years ago.

Since then, our needs have increased.And the refienries no has not increased.

This is due to several reasons

1.NNPC is a govt run business...and most NNPC workers treat it as such.

2.Due to subsidy...NNPC does not make enough cash to build new refineries.

Now...to improve the no of reifieries...we have to stop government from setting the price of fuel..ie removing sbubsidy.

Yes...Dangote refinery...BUT...Dangote probably spends more than N150 to make one liter of fuel. I doubt he is going to sell fuel at N145 per liter.

CityNGR:
Until fuel subsidy is removed, fuel crisis remains imminent – Kachikwu



Read more at: https://www.vanguardngr.com/2018/12/until-fuel-subsidy-is-removed-fuel-crisis-remains-imminent-kachikwu/

So y was fuel price increased to 145 after they said they've removed subsidy. Thieves.

lexy2014:

So address y we are importing in d first place

Refineries which are defunct and which the government can never revitalize and which private investors can never invest in because the oil subsidy sham will require them to operate at a huge loss

hucienda:
Something that should have been history since 2012 but currently rearing its ugly head all because of bitter politics of the then-opposition now government.

One does not need a soothsayer to tell him or her that the current APC-led FG would increase the price of petroleum products should they find themselves somehow again in Aso Villa post-May 29, 2019. That's one part of their Next Level.

M. Abubakar is realistically at the moment out of entire opposition groups, the only way out of this mess Nigeria has found herself. Never again should incompetent and unprepared people ever take charge of government - most especially at the centre.

Basically, no one wants to remove fuel subsidy.

Remember, GEJ was opposed by a large section of the Nigerian people...not the opposition, who just fell in behind...simply because most Nigerians could not see the benefit of fuel subsidy removal. All they saw was 65 to 140.

What governments have been doing since the 1980's is 'partial removal' (Hint...it is not full removal UNTIL government stops setting a price). That is what GEJ did in 2012 and what Buhari did in 2015...and all they wait for is for the landing cost to be higher than the fixed price (In 2015...when Bubu increased prices..landing cost was N132. Price was N87 officially).

A full removal means prices as high as N250 or more right now (Under GEJ...prices would have amped up to N170 or more if he had stopped finxing prices). That means revolt. And that means many politicans would be out of a job (which is why the opposition backed the protests of 2012.Opportunity knocks but once....).

That is the sad reality of Nigeria...Nigerians sometimes force their governments to take bad economic decisions in the name of poverty. And as a result...we are still paying subsidy claims dating back over years....NNPC has become 'scam central'...and there is no new investment in our petroleum products sector.

Time for subsidy to go.

urahara:


Refineries which are defunct and which the government can never revitalize and which private investors can never invest in because the oil subsidy sham will require them to operate at a huge loss

Exactly!

Even now...I doubt Dangote is going to be operating his refinery under 'subsidy conditions' He would be forced to cut jobs to save money.

abvictory:
So, even when you hiked the price to 145/litre, you still have the guts to tell us that subsidy has not been removed? OLOSHI Government.

The problem is...you misunderstand what subsidy removal entails...which is why you 'beleived the lie' of subsidy removal.

Subsidy removal works when

1.Government STOPS setting prices

2.Government allows marketers to set their OWN prices.

3.In theory...that means that if Bubu removes subsidy...NNPC sells fuel at N200, Total sells fuel at N230, Oando at N240, Conoil at 235, Forte at N245.

4.Again in theory...Nigerians buy fuel from the guy with the LOWEST prices..(NNPC has long queues, others have very few cars). Competition sets in, prices go down.

5.We saw this in the GSM industry. Prices initially high (my dad's MTN sim cost him N10000. Needless to say, he has not changed that line at all!).then fell due to competition, fresh investment, new faces, better technology brought in.

This people always think we are fools or zombies,they organized protest in Gani fawehinmi park when GEJ said he want to remove subsidy, buhari said there is nothing like subsidy and its a scam,when he came in,he said he will remove subsidy thereby we started buying fuel at 145 because they claimed subsidy has been removed ,there are indications that fg still pays subsidy but they keep denying it because they don't want us to know that we have been scammed by fuel increment, now they have come out to say subsidy needs to be removed again, so they have been paying subsidy stylishly underground all this while?they why the increment when we still pays subsidy? The amount of corruption going underground under this man is more than GEJ, I am so sorry GEJ for campaigning against you

theoldpretender:


Exactly!

Even now...I doubt Dangote is going to be operating his refinery under 'subsidy conditions' He would be forced to cut jobs to save money.

I swear down .

The summary of the whole matter is that Nigerians can't keep on buying the cheap petrol they love so much

theoldpretender:


The problem is...you misunderstand what subsidy removal entails...which is why you 'beleived the lie' of subsidy removal.

Subsidy removal works when

1.Government STOPS setting prices

2.Government allows marketers to set their OWN prices.

3.In theory...that means that if Bubu removes subsidy...NNPC sells fuel at N200, Total sells fuel at N230, Oando at N240, Conoil at 235, Forte at N245.

4.Again in theory...Nigerians buy fuel from the guy with the LOWEST prices..(NNPC has long queues, others have very few cars). Competition sets in, prices go down.

5.We saw this in the GSM industry. Prices initially high (my dad's MTN sim cost him N10000. Needless to say, he has not changed that line at all!).then fell due to competition, fresh investment, new faces, better technology brought in.

But if I may ask , why is it that this service providers can't seem to provide internet and calling services on par with that of countries abroad ?

urahara:


But if I may ask , why is it that this service providers can't seem to provide internet and calling services on par with that of countries abroad ?

Largely because in Nigeria we had to build the infrastructure to support the GSM network, while in other countries, the infrastructure was already on ground