loommoney:
nothing comes down in buhari government

bejeria101:
Nothing looming they have done it. Let zombies come and be yarning opata here. This touts in power that are bereft of anything upstairs.

Nbotee:
Say hello to the Next level baby

brightdestiny96:
Everything fluctuates under mai gaskiya. Only three things remain constant: 1. Service chiefs 2. Terrorism / insecurity 3. Hardship

anonimi:




Next level tinz na ni.


www.nairaland.com/attachments/10411362_1040956120190711131921jpeg978e37c746aa1f877178717e8c801cf2_jpeg4b9295d708ab5a25afd5da5de03e0952

SIONKPO1:
All those programmed Zombies will avoid this thread,buhari is a complete failure

kikero:
N.B: I am not here to defend any government...just to explain things.

The price of fuel is going up for two reasons....very simplifed

1.Nigeria is not earning enough cash to keep the price of fuel down because the amount of dollars we are earning from oil aren't enough to pay for subsidy (which exists so long as fuel prices are controlled by the government)

2.Because Nigeria is not earning enough dollars, the value of the naira is going down, which is why the oil price is going up. (In very rough terms, N145 is equal IN value to N65 ten years ago).

3.We cannot increase refining capacity because despite 61 licences issued for refienreis, only people like Dangote are building, because if you build a refinery in Nigeria, because government is controlling prices, anyone refining fuel in Nigeria will sell at a loss.

(That's why Dangote's refienry is not going to bring down prices in the meantime, because Dangote has to pay back loans he took to build his refinery, and then there is the cost. These add up).

4.Oil prices are going up,and since we import most of our refined fuel the price of fuel too has to go up.

5. The solution is simple. Allow marketers to control the price of fuel they sell. Yes, at the end of the day, we pay N200-300 for a liter of fuel...but in return, investors will come and buiild more refienreis, jobs and production icnreases, and competiton brings down prices. And smuggling stops, and government saves money.

atobs4real:

HOPE YOU HAVE NOT TAKEN SHISHA?

kikero:
N.B: I am not here to defend any government...just to explain things.

The price of fuel is going up for two reasons....very simplifed

1.Nigeria is not earning enough cash to keep the price of fuel down because the amount of dollars we are earning from oil aren't enough to pay for subsidy (which exists so long as fuel prices are controlled by the government)

2.Because Nigeria is not earning enough dollars, the value of the naira is going down, which is why the oil price is going up. (In very rough terms, N145 is equal IN value to N65 ten years ago).

3.We cannot increase refining capacity because despite 61 licences issued for refienreis, only people like Dangote are building, because if you build a refinery in Nigeria, because government is controlling prices, anyone refining fuel in Nigeria will sell at a loss.

(That's why Dangote's refienry is not going to bring down prices in the meantime, because Dangote has to pay back loans he took to build his refinery, and then there is the cost. These add up).

4.Oil prices are going up,and since we import most of our refined fuel the price of fuel too has to go up.

5. The solution is simple. Allow marketers to control the price of fuel they sell. Yes, at the end of the day, we pay N200-300 for a liter of fuel...but in return, investors will come and buiild more refienreis, jobs and production icnreases, and competiton brings down prices. And smuggling stops, and government saves money.

Volkswagen90:
I no it can't be more than 200 naira, welcome.

Goldencheese:



Una suppose know say the Minister of Petroleum doesn't have the time of Nigerians. He is still in the oza room.

Sunnyja:
Why then did some nitwits March to Ojota in 2012 when the international price of crude was 77dollars/ barrel?!

Sunnyja:
Why then did some nitwits March to Ojota in 2012 when the international price of crude was 77dollars/ barrel?!

anonimi:


Next level scam, fraud and 419 by barawo Bubu and the presidency cabal of looters


www.nairaland.com/attachments/3075524_bubu1_jpeg88275f10f2430d13576e18436b244ea1


www.nairaland.com/attachments/2589504_subsidy2_jpeg57ea79bc1f8758353f00f8db1d53dbf1


www.nairaland.com/attachments/4264021_picsart091611_54_01_jpegc4369f0d54d6b64fa4c50a4a23def057

iwaeda:


https://www.premiumtimesng.com/business/406891-major-fuel-price-increase-looms-in-nigeria.html

kikero:
N.B: I am not here to defend any government...just to explain things.

The price of fuel is going up for two reasons....very simplifed

1.Nigeria is not earning enough cash to keep the price of fuel down because the amount of dollars we are earning from oil aren't enough to pay for subsidy (which exists so long as fuel prices are controlled by the government)

2.Because Nigeria is not earning enough dollars, the value of the naira is going down, which is why the oil price is going up. (In very rough terms, N145 is equal IN value to N65 ten years ago).

3.We cannot increase refining capacity because despite 61 licences issued for refienreis, only people like Dangote are building, because if you build a refinery in Nigeria, because government is controlling prices, anyone refining fuel in Nigeria will sell at a loss.

(That's why Dangote's refienry is not going to bring down prices in the meantime, because Dangote has to pay back loans he took to build his refinery, and then there is the cost. These add up).

4.Oil prices are going up,and since we import most of our refined fuel the price of fuel too has to go up.

5. The solution is simple. Allow marketers to control the price of fuel they sell. Yes, at the end of the day, we pay N200-300 for a liter of fuel...but in return, investors will come and buiild more refienreis, jobs and production icnreases, and competiton brings down prices. And smuggling stops, and government saves money.

kikero:
N.B: I am not here to defend any government...just to explain things.

The price of fuel is going up for two reasons....very simplifed

1.Nigeria is not earning enough cash to keep the price of fuel down because the amount of dollars we are earning from oil aren't enough to pay for subsidy (which exists so long as fuel prices are controlled by the government)

2.Because Nigeria is not earning enough dollars, the value of the naira is going down, which is why the oil price is going up. (In very rough terms, N145 is equal IN value to N65 ten years ago).

3.We cannot increase refining capacity because despite 61 licences issued for refienreis, only people like Dangote are building, because if you build a refinery in Nigeria, because government is controlling prices, anyone refining fuel in Nigeria will sell at a loss.

(That's why Dangote's refienry is not going to bring down prices in the meantime, because Dangote has to pay back loans he took to build his refinery, and then there is the cost. These add up).

4.Oil prices are going up,and since we import most of our refined fuel the price of fuel too has to go up.

5. The solution is simple. Allow marketers to control the price of fuel they sell. Yes, at the end of the day, we pay N200-300 for a liter of fuel...but in return, investors will come and buiild more refienreis, jobs and production icnreases, and competiton brings down prices. And smuggling stops, and government saves money.