ekons:
The biggest scam we have presently now is Nigeria labour Congress,
Beginning from the then administration of comrade Adams O.
The present labour leader is a strong APC and Buhari supporter , so leading protest against this government is like fighting his own self,
That is why labour will continue to have meetings upon meetings without result.
There is no opposition , every body is afraid, aluta continua

I disagree with you wen u include de labour movement led by a revered Comrade Adams as a 'biggest scam'.Adams' labour has tooth,it can bark n it can also bite very hard.But not for Adams,OBJ wud av increased fuel price to#1,000 before leaving office.
So don't say beginning from Adams cos I won't agree.

People don’t understand how incompetent this govt is. Buhari has surrounded himself with dead wood Aida and advisers. That’s why stup1d statements like these are the norm with this govt..

AskProf:


You are spotted. Welcome.

I greet yoou too, sir.

chriscrosss:
If any body mention APC again..na curse upon his or her generation.. They lack vision..always blaming and blaming past govt, yet they are worse..they borrow and now they are in mess..comparing Saudi Arabia to Nigeria.. Hahahahahah...they pay citizens money monthly..

The problem here goes beyond party affiliation.It has to do with individual capacity to lead.

Is bag of rice also sell at 30,000SAR in Saudi Arabia?

maasoap:


Let's kill corruption, like say, by sentencing looters to death. We have enough natural resources for our human population of 200 million. We don't need to have the kind of oil that Saudi Arabia has and 200 million population is not 1 billion. Our problem is not lack of enough resources or too much population, our problem is corruption and lack of patriotism. You've seen how individual politicians and civil servants are stealing billions of naira year in year out!

We have been saying that for years....and the subsidy corruption continues.

The problem amyway isn't killing corruption. Subsidies means that fuel is sold below the production price. As a result, it is not profitable to refine fuel in Nigeria. Never has been. So, our refinereis go to the dogs...and we import...and waste money paying for subsidy on the refined fuel

And the marketer then takes that subsidsd fuel and sells it in Benin, Niger for prices hgher than 300 naira.

And we lost trillions of naira that could have been spent on health and education to subsidising fuel

Sorry, but we can't keep this up. We don't have the money. Let them mareters control the price, and let invstment , nd comeptiton flow, and drive down the price.

OpinionCounts:


Leave all this long story, just tell your politicians to stop looting the countries money in billions of dollars yearly and everything will be alright even with the price of pms at 45naira/litre..

All Nigeria needs is good patriotic leaders, and every other thing will fall into place..

We don't have money, still trillions are stolen into private pockets on a yearly basis..

Nigeria has a yearly budget of over 5trillion naira, yet less than 30billion naira worth of amenities and infrastructural development is executed every year, the rest flows into private pockets..

Do a transparent audit of NNPC, NDDC, CUSTOMS, IMMIGRATION, POLICE, FIRS, PENSION'S board etc, then you will know why Nigeria has no reason to suffer, you will realize our problem is not low oil price but lowlife leaders in the helms of affairs in this country..

Even if Nigeria is given all the money in Saudi, it will vanish in less than a week and there will still be nothing on ground to show for it..

They can compare oil price in Nigeria to Saudi, but they can't compare standard of living in Nigeria to Saudi ... useless leaders.

No, all we need to do is to remove subsides, then petrol refining would become profitable inn Nigeria, and there would be more investment and more private refinereis and less importation

Plus the money we saved from not paying subsides can be channeled into other and better things.

Then we can become more richer, and jobs will grow.

We shouuld have done thins since the 90's. Lord knows if we had, NNPC would have been building refinery no 10 by now.

Pacesetter123:
So,whose responsibility it's to fix n maintain our refineries?Is it de TUC or de Fed government? 'Importing fuel at #200 n expected it to be sold at #40' statement that you made is uncalled for.What concern TUC or de poor masses with the fuel importation? Is it not FG n her cronies that are bend on perpetrating such fraud n benefiting from it? So why should de poor masses be punished tro abitarary increase in the pump price for the offence committed by the elites? Another unnecessary assertion u made is de call for scraping off of PPRA to allow marketers fix the fuel price by themselves.Let me also ask you,if that happens, will u also call for de scraping off of National Salary and Wage commission to allow workers fix their own minimum wage?
The summary is that,FG has no morale right whatsoever to compare us with Saudis! We are not on de same page abeg!

If you want refinereis to work, you have to make them profitable enouh to work

Our refineres don't work because subsides keep the cost of fuel below the cost of prorduction. As a result, NNPC is not incentivied to keep refnereis working, and to build new refinereis

And prviate investors...unless your nme is Dangote...have no reason to build refinereis in Nigeria.

Deregulation will solve aall those problems. We have no choice. We are not earning enough to subsidise oil. Oil has to go above 100 dollars per baarrel before we can even pay for subsides.

Let him go and do his investigation and come back to address us if they pay tax in Saudi Arabia, Libya and other Arab oil producing countries. Muntula presy

MondayOsunbor:



reading assignment writeup for 30 k a month stipend !

I ddon't support APC, and i don't recieve 30k a month. I even never voted for APC or itss precusrs in my life.

And the simple reason why i don't support APC....Nigeria of 2015 is not Nigeria of 1984. Bhari is old. He should not even come back for a first term. We need new guys.

I have supported subsidy removal since 2012 when my eyes were opened by reading and by eharing people llike Okonjo Iweala and Sanusi lamido Sanusi

so, don't abuse me by linking me to APC. (Back in 2012, your fellow Nigerians would have called me a PDP supporter of opression)

Subsides don't make refining fuel profitable in Nigeria. We buy fuel at 200 naaira and sell a t 145 ? And we want to py subsidy, while people take the subsidised fuel and smuggle it to Niger too sell at 345?

Abeg. Subsidy has cheated Nigeria of billions.And it still is.

akaahs:

Zombie ll always think he/she is wise. Since u re justifying what bubu said, with our small amount money earned as revenue from crude oil, what is the cost of governance in Nigeria as compared to Saudi Arabia? How of our refineries are working in Nigeria? A member in nass earn a minimum of 9m per month, we have 469 members out 200m Nigerians, do d maths.

Go and read about how subsides harm economies, aand then we can talk.

If youu won't, sorry.

Good morning.

Matrixoba:
Dear supporter,
Do you know that both countries are members of a cartel called OPEC? Your analogy lacks credence. You are worse than the president. With the figures generated daily, you deserve a better life, even if you have a good one, which I doubt. Can you imagine yourself defending a nation having crude oil with no functional refinery? Not even one? My friend, go back to school and learn well.

OPEC is weak. They accouunt for less thhan 1/3rd of oil prduction. They even have to negotiate with non members before they can brng doenn prices.

Plius we don't have functional refinereis becuse we refinne fuel unprofitably in Nigeria.

We wnt fuel to be refied at 165 naira (NNPC figures) and sell at N145 or N87 even, and we just pay the oil industry the difference? No profit. That's why the refinereis are not working because there is no incentive to make them work

If we removed sbsides, sure fuel would cost 300 naira, but NNPC would be incentivied to repair and fix the refienreis because they would now have the prfits too do so. Plus more investors would come in, and the over 50 licences issued to build private refinereis tht hve not beeen taken up would be used...

Because it is now prfitable to refine fuel

SmartPolician:


And when prices of goods increase on the market you will start to cry.


They know these things more than you do, so calm down

Acquiring a mobile phone as well as acquiring a measure of basic education does not necessarily guanrantee sensibility in responding to contemporary issues.
Settle down once more and read your s senseless comment. And pls stay away from my mention. I loathe pessimists.

themanderon:
.

There is no money but there is just enough for them to loot and stash away in foreign lands? Please don't allow them to fool you. Ask yourself how come we built 4 refineries when our income from oil was small but when our income became astronomical we have not added a single extra refinery? Why where the refineries deliberately grounded and left to rot despite the billions spent on maintaining them? Do you know how much NNPC is generating?
Please don't allow these devils we have as leaders deceive you. No government in Nigeria has ever had the interest of people at heart. They are only good at pilfering and making laws that justify their criminality.

Yes, it is easy to build refienres, but it is not easy to keep on running and maintaining them when fuel is sold at a cost less than it costs to produce it.

It is liike you run a bakery. It costs you 300 naira to produce a loaf oof bread...and you sell t N400 making aprofit of 100 nira. Governmant comes in and tells yo to sell at N150 , and pays you a subsidy of 100 naiira per loaf of bread sold.

So, you make bread at 300 naira, sell it at 150, and get a subsidy of 100 naira...meaning you lose 50 nara per loaf of bread soold.

No profit means you don't have money to maintain and upgrade your baakery's equipment. And you don't have money to paay staff good salaries.

So you smuggle bread to countries where yu sell at N400, or you sell bread on the black markeet at 500 naira...because that's how you make a profit.

That is how we have been treating our oil sector, and that is why our refinereis don't wwork, becaue subsidy makes it uunprfitable to refine fuel inn Nigeria.

Yes Dangote.....Yes some people are buuilding refinereis, but the thing is, if they aren't making a prfit, how do they keep up the refinereis, and upgrade them when needed?

surgical:
you are saying thrash,subsidy is passing importation cost on Nigerians which does not make sense,solution is to build refineries ,then Nigerians can pay the cost reflective prices, the government is just punishing Nigerians for electing a dumb government
Also serious governments have one subsidy or the other for their citizens which one does Nigeria gives.The government should do it s job first of providing refineries then we can talk of appropriate price,not this importation stuff that will always move up as the exchange rate move up

1.If the refienres are not making a profit, how can they be maintained and upgraded?.Subsidies means price controls, whiich means that there isn't enough money for running costs, and upgrades...and then there is the mass looting because since money is coming in sans stress....

2.Nigeria needs oil at $139 per barrel before we can earn enough to maintain an balanced budget. Oil has been below 80 dollars a barrel since 2014. All those loans we take hae been to helpp us to balance the budget while we pay for tiings like subsides rom the money we earn...money that isn't enough.

So, if you want more sbsides, you must stop complaiing when goverment takes more loans.

Afolabimills:
Buhari u are a wicked soul u brought pain sorrow tears n blood

them regular trade mark...............

lazypenguin2000:


We have been saying that for years....and the subsidy corruption continues.

The problem amyway isn't killing corruption. Subsidies means that fuel is sold below the production price. As a result, it is not profitable to refine fuel in Nigeria. Never has been. So, our refinereis go to the dogs...and we import...and waste money paying for subsidy on the refined fuel

And the marketer then takes that subsidsd fuel and sells it in Benin, Niger for prices hgher than 300 naira.

And we lost trillions of naira that could have been spent on health and education to subsidising fuel

Sorry, but we can't keep this up. We don't have the money. Let them mareters control the price, and let invstment , nd comeptiton flow, and drive down the price.

You don't seem to get the whole point. The problem is not the lack of money but using it for what it is meant for. Look at the billions of naira they mismanaged, embezzled and shared in NDDC! Borrow money, remove subsidy, increase electricity tariff, introduce stamp duty and all, all these money still doesn't go into education or health sector, it goes into the pockets of the managers/administrators who are saddled with the responsibilities of the judicious use.

Agbegbaorogboye:


Is fuel being sold at same price in Mexico, US and Canada? Why are people not smuggling fuel in those countries

Because Mexico, US, and Canada are seling fuel at a profit....and because Canada and the US run on capitalist prnciples.

Because the COUNTRIES are not spending trillions keeping fuel on subsides, they have money to spend on public transport, and so on

Yo sell fuel at a profit, you have money to keep refienres running, py transport costs, and upgrade refineres, and so on

You don't need to smuggle to keep your profits up

sevenhundred:
when he was not in power pmb told us that there is nothing like subsidies, and if we buy fuel more than sixty naira the govt is exploiting the mass, therefore he should blame himself!!!!

Agreed 100%!. INFACT I blame him for being a part of the problem...and to be honest, he is stil noot telling the truth completely. HIS SBSIDY REMOVAL is still not the true thng so long as government coontrols the prices.

nams77:

Why do we still import fuel

Because it costs N165 naira to refine fuel, yet we insist on wanting it sold at N145 per liter, even lower...and thus it isn't profitable to refine fuel in Nigeria.

So we import...and the imported fuel costs more than the refined fuel....

The minute Dangote refinery comes on stream, fuel prices will stay high. DANGOTE is not going to refine fuel at N150 and aboove per liter and sel it at N40 per liter....he won't have enouh cash for maintenance costs...and governnemnt revenues are not enough to pay for subsdies.

lazypenguin2000:


No, all we need to do is to remove subsides, then petrol refining would become profitable inn Nigeria, and there would be more investment and more private refinereis and less importation

Plus the money we saved from not paying subsides can be channeled into other and better things.

Then we can become more richer, and jobs will grow.

We shouuld have done thins since the 90's. Lord knows if we had, NNPC would have been building refinery no 10 by now.

By your submission you are categorically saying that you agree without doubt that Nigeria's socioeconomic and infrastructutal non-existent/ decay problem is the pump price of our oil and not the lowlifes and misfits we have as leaders..

You are categorically saying the present condition of basic amenities and infrastructural development in Nigeria is a direct reflection of the best the country can possibly afford from the present pump price of oil..

You are saying the Nigerian leaders should be giving kudos for properly and judiciously managing what we have earned from the sale of crude for the past 60years..

I weep for this country...no wonder the whites see us as a lower breed of humans.

Have you ever heard the saying that "he that is not diligent with little, can never be diligent even with plenty"?

Nigerian leaders are a shame to the world of men...

lazypenguin2000:


Yes, it is easy to build refienres, but it is not easy to keep on running and maintaining them when fuel is sold at a cost less than it costs to produce it.

It is liike you run a bakery. It costs you 300 naira to produce a loaf oof bread...and you sell t N400 making aprofit of 100 nira. Governmant comes in and tells yo to sell at N150 , and pays you a subsidy of 100 naiira per loaf of bread sold.

So, you make bread at 300 naira, sell it at 150, and get a subsidy of 100 naira...meaning you lose 50 nara per loaf of bread soold.

No profit means you don't have money to maintain and upgrade your baakery's equipment. And you don't have money to paay staff good salaries.

So you smuggle bread to countries where yu sell at N400, or you sell bread on the black markeet at 500 naira...because that's how you make a profit.

That is how we have been treating our oil sector, and that is why our refinereis don't wwork, becaue subsidy makes it uunprfitable to refine fuel inn Nigeria.

Yes Dangote.....Yes some people are buuilding refinereis, but the thing is, if they aren't making a prfit, how do they keep up the refinereis, and upgrade them when needed?

Stop lieing to yourself my friend, you're becoming irritating to me, honestly.
Federal government had always told us how much they spend annually to repair and maintain our four refineries. They have never for once said that there was no money to repair them, just that they didn't refine anything even after spending hugely on them. A private organisation or individual wouldn't even need to spend one quarter of what FG has been claiming to have spent on repair annually.
Mr Man, I don't know who you are. You might be ordinary citizen like me or you might be a government official doing your job here. I'm okay with either of the two but just drop this song of "no money" that you're singing.

OpinionCounts:


By your submission you are categorically saying that you agree without doubt that Nigeria's socioeconomic and infrastructutal non-existent/ decay problem is the pump price of our oil and not the lowlifes and misfits we have as leaders..

You are categorically saying the present condition of basic amenities and infrastructural development in Nigeria is a direct reflection of the best the country can possibly afford from the present pump price of oil..

You are saying the Nigerian leaders should be giving kudos for properly and judiciously managing what we have earned from the sale of crude for the past 60years..

I weep for this country...no wonder the whites see us as a lower breed of humans.

I'm sorry thatt you hve comepletely misinterpreted my comment

We were talking about oil subsidies, not Nigerian leaders.

Infact the decision to waste millions on subsidy is part of the clueless deciisions Nigerian leaders make.

Good morning. You want cheap fuel. You want the bg men to keep on enjoying illicit subsidy profits. I understand.

OpinionCounts:


By your submission you are categorically saying that you agree without doubt that Nigeria's socioeconomic and infrastructutal non-existent/ decay problem is the pump price of our oil and not the lowlifes and misfits we have as leaders..

You are categorically saying the present condition of basic amenities and infrastructural development in Nigeria is a direct reflection of the best the country can possibly afford from the present pump price of oil..

You are saying the Nigerian leaders should be giving kudos for properly and judiciously managing what we have earned from the sale of crude for the past 60years..

I weep for this country...no wonder the whites see us as a lower breed of humans.

Have you ever heard the saying that "he that is not diligent with little, can never be diligent even with plenty"?

Nigerian leaders are a shame to the world of men...

Thanks man. The dude is as irritating as mosquito flying close to my ear. He wouldn't acknowledge that lack of money has never been our problem but management of what we have. He actually thinks all these more money will transform into infrastructural developments without addressing the bigger problem first which is corruption and lack of patriotism.

lazypenguin2000:



I'm sorry thatt you hve comepletely misinterpreted my comment

We were talking about oil subsidies, not Nigerian leaders.

Infact the decision to waste millions on subsidy is part of the clueless deciisions Nigerian leaders make.

Good morning. You want cheap fuel. You want the bg men to keep on enjoying illicit subsidy profits. I understand.

It's still the same thing. Remove oil subsidy, and with the current leaders we have, no one will feel the positive effects of the removal. What 200 million people were enjoying would be instead diverted into the pockets of the few. How could you fail to see that?

maasoap:


Stop lieing to yourself my friend, you're becoming irritating to me, honestly.
Federal government had always told us how much they spend annually to repair and maintain our four refineries. They have never for once said that there was no money to repair them, just that they didn't refine anything even after spending hugely on them. A private organisation or individual wouldn't even need to spend one quarter of what FG has been claiming to have spent on repair annually.
Mr Man, I don't know who you are. You might be ordinary citizen like me or you might be a government official doing your job here. I'm okay with either of the two but just drop this song of "no money" that you're singing.

Yes, Nigeria spends millions on refinery maintenance

And they don't work because they are owned by government.

Meaning that the staff and management still get their money whether the refineries work or not because it does not matter

Whereas if nnpc was privatised, and the subsidy went, they would be forced to work for their money. The profits earned from fuel price increase would be invested in making the refineries run well, because under privatisation, if they don't work, they would collapse financially.

That's why subsidy has to go. To incentivize increased production

And by the way I don't work for government, nor do I work in the oil sector. I don't even back PDP or APC, and have never voted for either party. I started supporting subsidy removal since 2012, and my reading and thinking about the matter since then has only solidified my conviction.

Have been following the subsidy matter since the 90s and until 2012 backed subsides staying.

Whoever wrote that speech for Buhari is his number one enemy and should be relieved immediately. Most of his advisors always send him out with terrible information and speech for Nigerians to blast and abuse him. Because I don't see any reasonable person comparing Saudi Arabia and Nigeria when they are not in the same league. There's nothing to compare with Nigeria... Or I just believe that some people working with him have some bad intention...

maasoap:


It's still the same thing. Remove oil subsidy, and with the current leaders we have, no one will feel the positive effects of the removal. What 200 million people was enjoyed would be instead diverted into the pockets of the few. How could you fail to see that?

Subsides money are already being diverted into the pockets of a few.

Because under subsidy it is not profitable to sell fuel at government prices, the big men either lie about fuel imported or smuggle fuel to neighborhood countries and still earn their profit

Whereas if we removed subsidy...in return for high prices, we get more refineries, since the rich would want their hands in the pie,more production and eventually competition brings down the prices

Privatise Nnpc, and things get better

And the trillions saved can go into infrastructure, health, education, railways and nlc would be able to argue successfully for an increase in the minimum wage.

And there would be more jobs.

lazypenguin2000:



I'm sorry thatt you hve comepletely misinterpreted my comment

We were talking about oil subsidies, not Nigerian leaders.

Infact the decision to waste millions on subsidy is part of the clueless deciisions Nigerian leaders make.

Good morning. You want cheap fuel. You want the bg men to keep on enjoying illicit subsidy profits. I understand.

We are talking about subsidy and the absurd comparison the president gave in that regards...

You don't cherry pick comparisons...if you must compare us with saudi, then go all out to do a holistic comparison because things do not happen in isolation...

You can't tell me Saudi is paying more than me and then you forget they are living way above me in all ramifications of the word "living".

Even with the subsidy in place, we still have enough money in this country to give the citizens a decent and basic good life which is presently a dream to over 160million people out of 200million, if only the incurable lowlifes in the helms of affairs will stop looting..

You hinge everything on subsidy, that is where I fault your argument....you make it look like without subsidy removal Nigerians have no reason to expect basic infrastructural development...

It is only in this country where a man goes from having only 2million naira in his account to having 2trillion in his account in less than 4years just because he became a politician or senior government personality, yet we cry we don't have money for basic development...

My dear, like I told you earlier, with the present crop of misfits we have as leaders, if you like, give Nigeria all the money in Saudi, come back to the country after 5years, you will see nothing on ground to show for it...

I repeat, Nigeria as a country has enough money to be living a standard of life way way above the slum where we are today even with the subsidy in place.

Virginnn:

Acquiring a mobile phone as well as acquiring a measure of basic education does not necessarily guanrantee sensibility in responding to contemporary issues.
Settle down once more and read your s senseless comment. And pls stay away from my mention. I loathe pessimists.

Come and beat me.

The union leaders are far knowledgeable than you are.
Fuel subsidy has to go so that some unscrupulous elements won't be gaming the system.
That's what Goodluck Jonathan did a long time ago, but some senseless Nigerians kicked against it.
Besides, markets react to such pay rises.
Grow up!

Nigerians should learn to elect smart, intelligent , incorruptible and tested leaders across board. Otherwise, they will continue to wail endlessly. Nobody will do it for them.