This country is a joke dem niggas in the house we are killing the beat as the talk I say no make any sense
That means the topic doesn't make sense
Light my Igbo in peace
Bounce Out

helinues:


Nigeria Elon Musk don come again oo

So Buhari is responsible for the crisis between Ukraine and Russia that sanctions is having it's effect on world economy?

You warned who?

In 2012, Buhari helped lead mass protests against fuel subsides removal...which would have encouraged far more development of domestic refining capaciity. Also, in 2015 and several times, he failed to remove fuel subsidies

Which meant that today, we don't have domestic refining capacity....and also we don't have extra money to keep diesel prices low.

Your APC is part of the problem. If they had removed fuel subsidy in 2015, by now we would have been producing diesel and PMS and a host of things at home, instead of importing it.

tekjansen2:


True, Buhari should have done something about our refineries, but if we were refining fuel at home, the cost of diesel would still have been high because of the high cost of crude oil

Stop defending nosnse. High cost of crude? Do we import crude?

I do know for sure that Lagostalks913 ends daily programming at 11.30pm.

Thank God for my NigeriaInfoFM 99.3. It's as if the energy crisis isn't getting to them at all. Top station!

Never heard of radio going off for a moment because of lack of resources, where is the government?

It is well

Nigeria has gone back to 1985.

What a shame. Nigeria is shutting down gradually.
Let's not wish it will stops operating, because every part of the country go collect.
if you like waste your votes on incompetence in 2023 that means Nigerians and hardships na 5 & 6
Nigerians should hold president Buhari responsible for the scarcity of energy in the country he's also the minister of petroleum.

macaranta:


Stop defending nosnse. High cost of crude? Do we import crude?

So, should domestic producers of crude keep crude prices down 'to help poor Nigerians'?

Would you reduce prices of what you sell, assuming you are a businessman 'to help poor Nigerians'

And does my accepting the reality of capitalism mean that I am suddenly a Buhari supporter?

Swerve please. Many countries that produce crude sell it at a high price. Unless you want diesel to be subsidised again...something that ended in 2013...and something that if reinstated would drive us into more debt.

SarkinYarki:
We warned and warned y'all that Buhari will take Nigeria back 30 years but people callled us wailers then

Man's simply bad-luck personified. He did it in the 80s and he's successfully defending the title here in 2022.

May we not be unfortunate again in 2023.

1857eve:
[s][/s]

guy stop defending something that doesn't make sense,even before the war nigeria had been suffering economic crisis,so what are you saying?

PaedophileProph:
yet nobody is protesting in a country blessed with abundant crude. Let it be Johnathan or a man from South, everyone will remember their Hero caps

Nigerians protested when GEJ tried to do the one thing that would have ended our dependence on imported refined products...remove fuel subsidy so that we could have more investment in domestic refining....and so that domestic refining would have made sense...since it would make a profit.

But we all wanted cheap petrol, cheap fuel. APC took advantage of our anger...and here we are.

27Pushing30:


Buhari caused Russia Ukraine crisis? Wow

Dude, go for mental evaluation. You desperately need it.

27Pushing30:


Buhari caused Russia Ukraine crisis? Wow

And how does Russia Ukraine crisis affects diesel and it's rising price

234GT:
Early 90s, before AIT came, TV stations open by 4pm and close by 12am.

Buhari is taking us back to those days gradually.

Exactly

tekjansen2:


Diesel and Petrol are higher in developed countries as well.

High price of crude means higher cost of diesel.

The same crude oil our federal government mine for free?

MissionaryArchi:

And how does Russia Ukraine crisis affects diesel and it's rising price

Russia is a major oil producer, and also a major gas producer. The conflict in Ukraine has cut off its supply to its normal markets...leading to a rise in crude oil prices, and a rise in the cost of refining crude into things like diesel...and a rise in diesel prices

Seriously, anytime there is a war involving oil producers, prices go up. EG...the Iraq -Kuwait war of 1991 led to massive damage of oil facilites in both countries, which led to reduced crude oil production and rising prices (Nigeria got some extra money as a result...the infamous Gulf oil windfall).

As for Nigeria, due to our fuel being subsidised, the oil industry cannot refine fuel at home because it would be unprofitable....so we import and have been importing refined product since the 1990's. (attempts to remove subsidy have been met with resistance , whatever the government). Diesel prices were kept low by subsides till 2013 when the subsidy on diesel was removed. Prices rose as a result...and thanks to the recent war, and the fact that crude has in the last 2 months crossed the $100 PER BARREL mark , first time since 2014,....diesel is expensive.

Even if we refined diesel at home, the cost would still be high...due to rising crude oil prices (unless government forces the petroleum sector to sell crude to domestic Nigerian refineries, assuming we refine fuel at home, at markedly low prices).

And our President is still the Minister of Petroleum! My recommendation is that he sack himself, because the corruption he said he’d fight in that sector has become much worse since he took over! Sai Baba, abi ona don get sore throat??

MissionaryArchi:

The same crude oil our federal government mine for free?

Government does not mine crude for free...otherwise how would the people who do the drilling get paid?

Would you do your work for free?

Drilling and bringing out crude costs money. A whole lotta money.

27Pushing30:


Buhari caused Russia Ukraine crisis? Wow

One of the idiots
Titus is now 750

234GT:
Early 90s, before AIT came, TV stations open by 4pm and close by 12am.

Buhari is taking us back to those days gradually.

Can't believe some people's old man suffered under this man, and they, the children, are being made to go through the same horror.

It's a cycle because....

If those ones are not careful, their own children might probably find themselves crumbling under the weight of another old tyrant who cares little about anybody/anything other than his lifelong ambition.

Afflictions don't have to arise a second time, Nigerians. Don't jeopardize your children's future and their children's! Get your PVCs and vote with sense!!!

It will help them manage time better

27Pushing30:


Buhari caused Russia Ukraine crisis? Wow

Buhari didn't make us independent of the west like Mao, Xi, and Deng did for China despite its large crude oil reserves. Nigerian leaders made us a banana republic (exporting crude oil and importing finished products).

tekjansen2:


True, Buhari should have done something about our refineries, but if we were refining fuel at home, the cost of diesel would still have been high because of the high cost of crude oil

You mean even if we are to just move the cruise from Bayelsa waters to PH or Warri refinery, cost of diesel would have still been this high?


So there won't have been any difference even without the importation cost and all sundries?

helinues:


Nigeria Elon Musk don come again oo

So Buhari is responsible for the crisis between Ukraine and Russia that sanctions is having it's effect on world economy?

You warned who?

What? M Sanctioning just a country is now putting every other country at a still?
Russia sanction made $1 to #560
Russia sanction made our refineries not functioning?
Russia sanction made our naive government borrow anyhow even without any diplomatic plan on how to pay off rather bringing up policies that's making life hard for her citizens.
Buhari supporters are just unintelligent as their father Buhari. Tufiakwa

Am seeing many Nigerians saying...if we vote in right leaders, this problem on diesel would go. The answer is, no it won't.

First off, diesel is high because it is no longer subsidized. Has been like that since 2013...so diesel is now more affected by the crude oil prices.

Second, we don't have refineries at home, because subsides on refined products make it unprofitable to refine crude at home. And since 1993, government has tried to remove subsides. But everytime government tries to get rid of subsidies, so that domestic refining can become a reality due to it becoming profitable...Nigerians say NO. So, we import , and spend the money we could have used for domestic refining on subsides for petrol.

Third, even if we refine at home, high crude prices means that diesel would still be expensive. Unless you want the people bringing out the crude to do it for free...which is not possible.

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which site would I reg and how ?

tekjansen2:


Government does not mine crude for free...otherwise how would the people who do the drilling get paid?

Would you do your work for free?

Drilling and bringing out crude costs money. A whole lotta money.

Mtcheeew I thought you were intelligent. SMH
You don't deserve my time

luizpippo:


You mean even if we are to just move the cruise from Bayelsa waters to PH or Warri refinery, cost of diesel would have still been this high?


So there won't have been any difference even without the importation cost and all sundries?

The thing is, crude oil costs money. It costs money to bring it out, then there is staff salaries, cost of maintenance of equipment, cost of new equipment, and taxes, taxes, taxes.

Then even if you refine the thing...you have to transport it all over the country...another cost.

Subsides paid for all those costs re diesel till 2013, when the subsidy on diesel was removed.

Unless the people drilling crude can be convinced to cut their prices for Nigeria, or unless we want to bring back subsidy and its heavy duty costs, diesel would still be expensive if we refined it at home.


Capitalism, evil capitalism.