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FG Begins Full Deregulation, Discards Petrol Price Band - Politics (3) - Nairaland

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Re: FG Begins Full Deregulation, Discards Petrol Price Band by Saifulah: 6:01pm On Sep 08, 2020
this interesting
Re: FG Begins Full Deregulation, Discards Petrol Price Band by Codes151(m): 6:02pm On Sep 08, 2020
CilicMarin:
Good One Mr. President......

No Going Back To President Jonathan Tenure Where Petrol Sold For 600 Naira due to scarcity of the product...


We Good Nigerians Appreciate You, President Mohammadu Buhari...

Now is the right time to scrap PPPRA...They are no longer needed in view of the recent development..m
people like you don’t even have the understanding

2 Likes

Re: FG Begins Full Deregulation, Discards Petrol Price Band by JAMO84: 6:02pm On Sep 08, 2020
GamalNasser:
As I predicted again earlier on another thread the Naira has fallen today again and the price of fuel will have to go up or Buhari will need to start paying subsidy again by Monday ..this announcement is a face saving measure from the embarassment of another fuel increase just one week after the last was done .. well Nigerians should be ready to buy fuel at about 220 before December
And so what? Niger is poorer than us, but they buy petrol 360 per liter
Re: FG Begins Full Deregulation, Discards Petrol Price Band by friday2011(m): 6:02pm On Sep 08, 2020
CilicMarin:
Good One Mr. President......

No Going Back To President Jonathan Tenure Where Petrol Sold For 600 Naira due to scarcity of the product...


We Good Nigerians Appreciate You, President Mohammadu Buhari...

Now is the right time to scrap PPPRA...They are no longer needed in view of the recent development..m

You no serious ooo...

Na your beloved country matter you take dey do yeye like this?

grin
Re: FG Begins Full Deregulation, Discards Petrol Price Band by Nobody: 6:02pm On Sep 08, 2020
ogododo:


https://punchng.com/breaking-fg-discards-petrol-price-band-begins-full-deregulation/

This can't work in Nigeria because marketers will simply form a cartel meeting informally to fix a base price that guarantees 100% markup and then what will PPPRA do about it?

2 Likes

Re: FG Begins Full Deregulation, Discards Petrol Price Band by GamalNasser: 6:03pm On Sep 08, 2020
History555:



The cbn is most likely to devalue the exchange rate from 380 to either 420 or 450. That is also part of imf conditions for loan.

The current rate is no longer practicable. Last last dollars might even exchange for 500 naira.

True it will definitely be 500 naira by the end of the 4th quarter

1 Like

Re: FG Begins Full Deregulation, Discards Petrol Price Band by Tmb78(m): 6:03pm On Sep 08, 2020
omenka:
Most of you guys are just too dull and never have anything to contribute to discussions once the thread isnt about ethnic rivalry and insults. So, for a very sensitive and important issue as this, you still try to turn it to a Yoruba vs Igbo stuff, because that is the only way characters like you could possibly have any contribution to make- insults.

Attempt to say anything intelligent let's see. I challenge you.
Challenge ke?
You wan kill am?

1 Like 1 Share

Re: FG Begins Full Deregulation, Discards Petrol Price Band by Seikiri1: 6:03pm On Sep 08, 2020
amc:
Una dey cry for N165 per litre? Now, the real crying will soon start. lol
The countries in the chart what are their minimum wage?
You should have included that as well.

2 Likes

Re: FG Begins Full Deregulation, Discards Petrol Price Band by Elsueno: 6:04pm On Sep 08, 2020
With
NO STABLE ELECTRICITY
NO GOOD PUBBLIC TRANSPORTATION

OMOH, I will increased the price of my services accordingly! as the inflation rate in the country increases
Re: FG Begins Full Deregulation, Discards Petrol Price Band by GeneralShepherd(m): 6:05pm On Sep 08, 2020
In as much as I think Buhari and his cronies have no clue about running a primary school let alone Nigeria, it is high time government steps out of subsidies and allow free market forces to dictate prices .

All they need to do is set up strong judicial systems, security and then get out of the way of our economic development.

1 Like

Re: FG Begins Full Deregulation, Discards Petrol Price Band by JAMO84: 6:05pm On Sep 08, 2020
omenka:
True.

Only problem is, I don't trust the government enough to believe they wont up and announce they've spent xyz again on same subsidy tomorrow.
If that happens, even me will buy wailers form
Re: FG Begins Full Deregulation, Discards Petrol Price Band by unimagin: 6:06pm On Sep 08, 2020
It shall not be well with anyone who voted Buhari in the last election.
Re: FG Begins Full Deregulation, Discards Petrol Price Band by flyingpig: 6:06pm On Sep 08, 2020
omenka:
[s]Get the fvck out of my sights. Go lean on another shoulder to cry over your loss of yesteryear.

I get irritated seeing all you emotional kids rant and rave over the past, same thing you tend to forbid others from doing.

Nigerians didn't allow Jonathan do it not because of hatred but because the timing was wrong and his government had chronic trust deficit. Deal with that and stop whining like a little girl denied her toys.[/s]

1 Like

Re: FG Begins Full Deregulation, Discards Petrol Price Band by Cantonese: 6:06pm On Sep 08, 2020
CilicMarin:
Good One Mr. President......

No Going Back To President Jonathan Tenure Where Petrol Sold For 600 Naira due to scarcity of the product...


We Good Nigerians Appreciate You, President Mohammadu Buhari...

Now is the right time to scrap PPPRA...They are no longer needed in view of the recent development..m

When one is bewitched the signs are easily noticed!

2 Likes

Re: FG Begins Full Deregulation, Discards Petrol Price Band by Myer(m): 6:06pm On Sep 08, 2020
One thing is confirmed over and over again. This is a govt that doesn't care for her citizens' well being.
Re: FG Begins Full Deregulation, Discards Petrol Price Band by Beverlyjean(f): 6:06pm On Sep 08, 2020
omenka:
Get the fvck out of my sights. Go lean on another shoulder to cry over your loss of yesteryear.

I get irritated seeing all you emotional kids rant and rave over the past, same thing you tend to forbid others from doing.

Nigerians didn't allow Jonathan do it not because of hatred but because the timing was wrong and his government had chronic trust deficit. Deal with that and stop whining like a little girl denied her toys.

U are definitely mentally unwell

6 Likes

Re: FG Begins Full Deregulation, Discards Petrol Price Band by GeneralShepherd(m): 6:07pm On Sep 08, 2020
Seikiri1:

The countries in the chart what are their minimum wage?l
You should have included that as well.

If I told you that Sweden has no minimum wage would you believe it?

Minimum wages does not alleviate poverty, when you artificially increase minimum wages , small businesses close and more jobs are lost than added to the economy.

What we need is more free markets where ideas and intellectual property rights are protected.

We need the rule of law and the freedom to generate wealth

3 Likes

Re: FG Begins Full Deregulation, Discards Petrol Price Band by toprealman: 6:07pm On Sep 08, 2020
Goldwater2023:
The coming days will be though undecided
He will still make a way......
Re: FG Begins Full Deregulation, Discards Petrol Price Band by igwedubai2(m): 6:08pm On Sep 08, 2020
Ok ooooooo. We are waiting ooook[sub][/sub]
Re: FG Begins Full Deregulation, Discards Petrol Price Band by chaloskyx: 6:08pm On Sep 08, 2020
this is good news lets see the ral economy of Nigeria gone are the days govt would use subsidy to make the economy look good
Re: FG Begins Full Deregulation, Discards Petrol Price Band by obailala(m): 6:08pm On Sep 08, 2020
ogododo:


This could have been done in 2012, but na hatred una sabi
@Ogododo, can you swear on your life and the life of your kids (born or unborn) that you supported the fuel subsidy removal in January 2012 when pump price jumped from N65 to N142?

Let's even assume you remotely supported the price increase in 2012, what about 2005? Why only in 2012? OBJ also tried stopping fuel subsidy several times (including a week to his handover to Yaradua) but Nigerians rejected it with venom and labelled him all sorts of nasty names for increasing fuel price. That's how we all got to even know the man called Adams Oshiomole cos he was like a national HERO then, always leading the NLC on industrial actions agains fuel price increase and frusyrating OBJ.

Amazing how everyone today now claims they supported subsidy removal and the N65-N142 pump price increase in 2012, but ApC supporters resisted and thwarted it. In fact, anyone who complained of fuel price increase in 2012 was just a hater of GEJ.. There's no madness we wouldn't see in this forum.

7 Likes

Re: FG Begins Full Deregulation, Discards Petrol Price Band by Mayeldah(m): 6:08pm On Sep 08, 2020
omenka:
If this would ensure the subsidy regime never comes back, so be it. I'm sick and tired of that fraud.

If we must suffer, let it be once and for all. This unending rollercoaster of pains and succour does no one no good.

What makes you think the money saved from paying subsidies will be put to good use? Let's watch our lives in the next one year if there will be improvements?

Nigeria is a failed state.

1 Like

Re: FG Begins Full Deregulation, Discards Petrol Price Band by Sheriman(m): 6:09pm On Sep 08, 2020
Nigerian Leaders have reach dia orita koyewon mo on National matters

1 Like

Re: FG Begins Full Deregulation, Discards Petrol Price Band by baralatie(m): 6:09pm On Sep 08, 2020
ThatFairGuy1:



How will you explain this?

...henceforth free to source for product and fix their price.


ompetition works well if you are producing.That is many players are producing the same products to get market share of a target buying population.This is not the case with the nnpc and downstream.

The allerged players are pre-qualified,selected and they source the product from a producer in competition with other foreign marketers trying to get the same product to their own countries.
the outsourced product is now held by marketers to supply the market for a fee.
if the source goes up the selling price will go up.it does not follow the law of demand and supply at the other end

3 Likes

Re: FG Begins Full Deregulation, Discards Petrol Price Band by Nobody: 6:10pm On Sep 08, 2020
amc:
Una dey cry for N165 per litre? Now, the real crying will soon start. lol

Look, the difference between Nigeria and all those places is that they enjoy economies of scale where transportation, electricity and haulage is concerned.i.e. they have functional mass transit, power grid & rail. Those three services are the mainstay of any modern economic system.

Nigerian entrepreneurs depend too much on petrol for those three things, if the price fluctuates inflation will go through the roof, because once the price of a consumer good goes up it never comes down.

This latest policy has the potential to kill the Naira completely.

2 Likes

Re: FG Begins Full Deregulation, Discards Petrol Price Band by Mayeldah(m): 6:11pm On Sep 08, 2020
JAMO84:
And so what? Niger is poorer than us, but they buy petrol 360 per liter

They may have more stable electricity than us. That's key!
Re: FG Begins Full Deregulation, Discards Petrol Price Band by mamaafrik(m): 6:12pm On Sep 08, 2020
Na #700 we still dey go las...las,South and North central wey they allow Hausa-Fulanis toy with the divide and rule approach must learn tipatipa ni,we need to go wake up and cleanse the land. Through real civil or Military Revolution
Re: FG Begins Full Deregulation, Discards Petrol Price Band by dederocs(m): 6:12pm On Sep 08, 2020
The people deserve some sort of subsidy, annd an important commodity like PMS need to have its price regulated, government must introduce profit ceilings, NNPC knows going rates and other costs, it must still give price ceilings to marketers and petrol pump owners, the government must protect the people...some.tax incentive can also be given, to ensure price stability. The people are entitled to some sort of subsidy, the wealth of the nation is to be enjoyed by the people.

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