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Nairaland Forum / Nairaland / General / Politics / FG Reduces Gas To Power Price From $2.50 To $2.18 (11587 Views)
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Re: FG Reduces Gas To Power Price From $2.50 To $2.18 by COMPAQ(m): 10:15am On Jul 30, 2021 |
Omihanifa: I'm confused!!! The article is about a reduction in price and you are still complaining of it becoming expensive!!! |
Re: FG Reduces Gas To Power Price From $2.50 To $2.18 by omohayek: 10:35am On Jul 30, 2021 |
grandstar:Unfortunately, it's pretty much guaranteed that we eventually will. Not a single price control has ever been introduced without the hope that it won't get out of control, yet unless the control is so weak as to be meaningless, the "upward sticky" nature of prices almost always makes the bad outcome the inevitable one. In this particular case, all we're seeing is Buhari yet again displaying his inability to comprehend economic activity other than in terms of controls and punishment of "evil" actors seeking to make a profit. It will never occur to him that it's precisely such meddling that has led Nigeria's power sector into the disaster it has become - instead, like Stalin he'll keep casting about ever more frenetically for "wreckers" and "saboteurs" to blame for his own self-inflicted catastrophes. 2 Likes 2 Shares |
Re: FG Reduces Gas To Power Price From $2.50 To $2.18 by joshuaidibia(m): 12:04pm On Jul 30, 2021 |
Re: FG Reduces Gas To Power Price From $2.50 To $2.18 by grandstar(m): 12:30pm On Jul 30, 2021 |
omohayek: You're correct. In the not so distant past, the oil companies found it economical to just flare the gas than put it back into the system because the price offered for it was too low. They still preferred to flare even when fined. The market should be the sole determinant of the price. 1 Like |
Re: FG Reduces Gas To Power Price From $2.50 To $2.18 by jacoik(m): 2:58pm On Jul 30, 2021 |
Bola146:me I bought 12.5 for 5600 |
Re: FG Reduces Gas To Power Price From $2.50 To $2.18 by COMPAQ(m): 2:59pm On Jul 30, 2021 |
grandstar: Totally agree with you! |
Re: FG Reduces Gas To Power Price From $2.50 To $2.18 by sonofthunder: 4:28pm On Jul 30, 2021 |
kolakolex: Na how e take shock me |
Re: FG Reduces Gas To Power Price From $2.50 To $2.18 by vivavik(f): 10:03pm On Jul 30, 2021 |
Omihanifa: You need to come and see how they waste (flare) this gas in Bonny, putting peoples' health at risk. |
Re: FG Reduces Gas To Power Price From $2.50 To $2.18 by Valachix: 3:32pm On Aug 10, 2021 |
yahmohy27: Brain dead zone B. It shall never be well with you and your ilk. � 1 Like |
Re: FG Reduces Gas To Power Price From $2.50 To $2.18 by Valachix: 3:33pm On Aug 10, 2021 |
ThatFairGuy1: Retard Zone B |
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