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FG To Reduce Petrol Price To ₦130 From ₦145 - Politics (3) - Nairaland

Nairaland Forum / Nairaland / General / Politics / FG To Reduce Petrol Price To ₦130 From ₦145 (46927 Views)

Local Refining Will Reduce Petrol Price By N70/ltr – Marketers / NNPC: Subsidy Removal To Reduce Petrol Consumption By 30% / FG To Reduce Petrol Pump Price From ₦125 To ₦123.5 Per Litre (2) (3) (4)

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Re: FG To Reduce Petrol Price To ₦130 From ₦145 by sheyi2me: 4:15pm On Mar 18, 2020
At least people will feel the relieve.

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2 Likes

Re: FG To Reduce Petrol Price To ₦130 From ₦145 by Sweeetheart(m): 4:15pm On Mar 18, 2020
of what effect? 70% Dont owned a car. 60% can't afford big gen




He keep doing the wrong thing at the right time and doing the right thing at the wrong time



till now I Dont see the effect of all those special advisers this mallam appointed
Re: FG To Reduce Petrol Price To ₦130 From ₦145 by cunny88(m): 4:15pm On Mar 18, 2020
I smell early preparations for 2023
Re: FG To Reduce Petrol Price To ₦130 From ₦145 by Nobody: 4:15pm On Mar 18, 2020
GeorgeTheCoder:
These people have no sense.

The government should not reduce the petrol price. Instead it should keep the unexpected profits and channel it into any of the critical areas like power, health, education or the fight against Boko Haram.

Why is this APC government so useless ?

Channel the profit ?? When u were typing this ur hand did not do one kind...??

as if this government know how to channel anything for proper use and accountability

4 Likes 1 Share

Re: FG To Reduce Petrol Price To ₦130 From ₦145 by Muhylonaire(m): 4:15pm On Mar 18, 2020
Still not enough... We want 70naira per litre
Re: FG To Reduce Petrol Price To ₦130 From ₦145 by Walexzei: 4:16pm On Mar 18, 2020
Am expecting #100 or less

2 Likes

Re: FG To Reduce Petrol Price To ₦130 From ₦145 by seborrhic: 4:16pm On Mar 18, 2020
GeorgeTheCoder:
These people have no sense.

The government should not reduce the petrol price. Instead it should keep the unexpected profits and channel it into any of the critical areas like power, health, education or the fight against Boko Haram.

Why is this APC government so useless ?
You are the one without sense.
The massive N15/litre would free up funds for people to buy other things,patronize other businesses and even visit that long wished site of theirs,boosting other sectors of the economy.
If transport costs also come down,it would also boost travel,leading to more taxes to government,more income to transport companies leading to even some added boost to jobs.
It's commonsense,use it.

4 Likes

Re: FG To Reduce Petrol Price To ₦130 From ₦145 by Fragility6: 4:18pm On Mar 18, 2020
Ghostmode2two:


Only Adam and Eve were created, every other were procreated
For diz guy case, God for procreate another being.
Re: FG To Reduce Petrol Price To ₦130 From ₦145 by dejavubobo1(m): 4:19pm On Mar 18, 2020
All tnx to Tesla & others producing Electric cars
Re: FG To Reduce Petrol Price To ₦130 From ₦145 by Bimpe29: 4:19pm On Mar 18, 2020
Okay. But in a regulated economy, there should be a multiplier effect on this reduction all levels of price for goods and services. Particularly transport fares, prices of goods etc.

2 Likes

Re: FG To Reduce Petrol Price To ₦130 From ₦145 by Starhearts: 4:20pm On Mar 18, 2020
ORACLE1975:
Bad markets

An on the seventh day he rested. If God knew one of his creation would be diz stupid, he would hav created another man.
Re: FG To Reduce Petrol Price To ₦130 From ₦145 by Sleekmilan01(m): 4:20pm On Mar 18, 2020
Its the same thing na,...

Stupid people

1 Like

Re: FG To Reduce Petrol Price To ₦130 From ₦145 by kelvindj98: 4:21pm On Mar 18, 2020
GeorgeTheCoder:
These people have no sense.

The government should not reduce the petrol price. Instead it should keep the unexpected profits and channel it into any of the critical areas like power, health, education or the fight against Boko Haram.

Why is this APC government so useless ?

The profit they gained before where did it all go to. Was it not all looted. Abeg talk something else.

2 Likes

Re: FG To Reduce Petrol Price To ₦130 From ₦145 by NwaIgboBoy(m): 4:21pm On Mar 18, 2020
STILL COSTLY ...........
Re: FG To Reduce Petrol Price To ₦130 From ₦145 by Nobody: 4:21pm On Mar 18, 2020
LagosEconomist:
It is not their business to set prices.

These crooks are addicted to stealing, that is why the subsidy mechanism is in place.

Petrol is a commodity. The market should determine the price.

Exactly

But the problem is, doing so meets heavy duty protests from the Nigerian people. This is one point where the greedy elite and the average Nigerian agree....subsidy 'benefits' both sides.....at the expense of our economic development
Re: FG To Reduce Petrol Price To ₦130 From ₦145 by jubrilELsudan: 4:21pm On Mar 18, 2020
GeorgeTheCoder:
These people have no sense.

The government should not reduce the petrol price. Instead it should keep the unexpected profits and channel it into any of the critical areas like power, health, education or the fight against Boko Haram.

Why is this APC government so useless ?



YOU ARE VERY STUPID.

Re: FG To Reduce Petrol Price To ₦130 From ₦145 by wisdomkid: 4:22pm On Mar 18, 2020
Fragility6:

An on the seventh day he rested. If God knew one of his creation would be diz stupid, he would hav created another man.

Amd you are not stupid because you have an opposing idea? grin grin grin
Hope you have used your brain to make billions or change the world positively, if not, grin grin grin grin grin

1 Like

Re: FG To Reduce Petrol Price To ₦130 From ₦145 by atobs4real(m): 4:22pm On Mar 18, 2020
GeorgeTheCoder:
These people have no sense.

The government should not reduce the petrol price. Instead it should keep the unexpected profits and channel it into any of the critical areas like power, health, education or the fight against Boko Haram.

Why is this APC government so useless ?
I don't believe in your suggestions. When the money is reserved, do you believe it will be used for the mentioned purposes? Na naija we dey and this money that we are talking about.

1 Like

Re: FG To Reduce Petrol Price To ₦130 From ₦145 by Arjeeni: 4:23pm On Mar 18, 2020
That is too small as a reduction.
The price should rather be reduced to 70 Naira.

2 Likes

Re: FG To Reduce Petrol Price To ₦130 From ₦145 by Fernandeswagger(m): 4:23pm On Mar 18, 2020
N10 is not enough abeg. Take it down to N80.

1 Like

Re: FG To Reduce Petrol Price To ₦130 From ₦145 by madjune(m): 4:23pm On Mar 18, 2020
GeorgeTheCoder:
These people have no sense.

The government should not reduce the petrol price. Instead it should keep the unexpected profits and channel it into any of the critical areas like power, health, education or the fight against Boko Haram.

Why is this APC government so useless ?

Between you and the govt, who's more useless?

All the monies from Abacha loot and world bank and dem dem they've channelled into other critical areas over the years; in what ways have they affected you?

Worldwide, countries have reduced their pump prices naturally and FG has followed suit to ease the purchasing crunch on the masses and you're faulting it.

Some of you can never be pleased.

2 Likes 2 Shares

Re: FG To Reduce Petrol Price To ₦130 From ₦145 by Euegene100001: 4:24pm On Mar 18, 2020
It’s still too expensive it should be 87 or 70 naira by now . The worst now is when they eventually reduce it most fuel stations in Nigeria especially the east and Benin city will still sell at 145 with the excuse of ‘na old stock’ but if the reverse was the case now in less than a second they all sell at the new price .

2 Likes 1 Share

Re: FG To Reduce Petrol Price To ₦130 From ₦145 by Fragility6: 4:24pm On Mar 18, 2020
wisdomkid:


Amd you are not stupid because you have an opposing idea? grin grin grin
Hope you have used your brain to make billions or change the world positively, if not, grin grin grin grin grin
Who u dey open teeth for. Flee from my mention u g*at
Re: FG To Reduce Petrol Price To ₦130 From ₦145 by LagosEconomist: 4:26pm On Mar 18, 2020
Oblang:


If they deregulate and it goes to #200/litter when crude rises again, hope u won't complain then...

Remove the subsidy regime, Remove the dual exchange rate system and you plugs a hole that leaks at least $10 billion that disappears each year.

A fair and incorrupt system will regulate itself and local prices will balance out & more importantly, there will be investment in the sector for local refining (beyond Dangote)

This was mostly Sanusi basis for declaring $25 billion (or whatever) missing under Jonathan. Unremitted revenue to the Federation account due to sudsidy and other deductions by NNPC. It continues today, but no one says anything.

Any government that has even the tiniest interest in reducing corruption will introduce these policies. Link access to forex to verifiable payment of taxes by Corporations and individuals in the previous year, & not allow connected people make billions of dollars a year from arbitrage from multiple exchange rates in the name of subsidizing religious pilgrimages & school fees for the children of millionaires.

These things are not difficult but the leadership & Governance structure in Nigeria is showing an incurable addiction to corruption even as the ship is sinking.

2 Likes 1 Share

Re: FG To Reduce Petrol Price To ₦130 From ₦145 by Christian07(m): 4:26pm On Mar 18, 2020
Desmond007guy:
The problem of this country is the followers not our leaders.
Nothing Govt will do that will look OK to us.
May God have mercy on you people. Tuah.....!

Hope you no be one of those governors way dey collect for himself only
Cuz na like dis dem dey talk
Re: FG To Reduce Petrol Price To ₦130 From ₦145 by Hotice085: 4:26pm On Mar 18, 2020
GeorgeTheCoder:
These people have no sense.

The government should not reduce the petrol price. Instead it should keep the unexpected profits and channel it into any of the critical areas like power, health, education or the fight against Boko Haram.

Why is this APC government so useless ?
.


Are you sure you don't need a psychiatrist?

1 Like

Re: FG To Reduce Petrol Price To ₦130 From ₦145 by obailala(m): 4:26pm On Mar 18, 2020
Another pointless political move loading... A sensible government would take advantage of the current low oil prices to quietly eliminate the fuel subsidy policy for good.
Re: FG To Reduce Petrol Price To ₦130 From ₦145 by ikorodureporta: 4:26pm On Mar 18, 2020
The reduction will Not affect transportation & prices of foodstuffs...why not use it for a profitable investment??
Instead, go after all those kerosene & diesel sellers, bcoz kerosene is still above N200, which isn't fair since it has been deregulated
Re: FG To Reduce Petrol Price To ₦130 From ₦145 by davidtemi(m): 4:27pm On Mar 18, 2020
GeorgeTheCoder:
These people have no sense.

The government should not reduce the petrol price. Instead it should keep the unexpected profits and channel it into any of the critical areas like power, health, education or the fight against Boko Haram.

Why is this APC government so useless ?
will dey use it judiciously? Abeg wat am eating at d moment is wat I knw for now o. D proceeds will definitely be squandered for real.

2 Likes

Re: FG To Reduce Petrol Price To ₦130 From ₦145 by bluecircle470: 4:27pm On Mar 18, 2020
GeorgeTheCoder:
These people have no sense.

The government should not reduce the petrol price. Instead it should keep the unexpected profits and channel it into any of the critical areas like power, health, education or the fight against Boko Haram.

Why is this APC government so useless ?

At least dem still get sense pass you. Wailers!
Re: FG To Reduce Petrol Price To ₦130 From ₦145 by Bluffly: 4:27pm On Mar 18, 2020
GeorgeTheCoder:
These people have no sense.

The government should not reduce the petrol price. Instead it should keep the unexpected profits and channel it into any of the critical areas like power, health, education or the fight against Boko Haram.

Why is this APC government so useless ?
Oga go and be the president. So unexpected profit aka mugu money from Nigerians at the pump should be used. Is that a tax. Why not tell Nigerians to contribute and give federal government that for better ba, for your mind
Re: FG To Reduce Petrol Price To ₦130 From ₦145 by Igbodicool(m): 4:27pm On Mar 18, 2020
Until then. Useless government.

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