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?

To you guys we just started having a hike in the price of diesel and other products. Diesel price has been on the increase since May last year and no one talks about it until now that it's biting harder.

Greyworld:


Let me tell you this, if the refineries were working, the increase in price would be a function of the increase in global crude price which ordinarily would be infinitesimal. Again the government would gain from the increase in the sale of crude.

For Instance the price of diesel and pms in UAE increased with some fils (our kobo) about 29 fils or so.

Now even if the price of goods would adjust it won't distort things like you have in Nigeria.


The solution however remains: Remove the subsidy, let's suffer it once and for all. But ensure the money from subsidy removal goes to the RIGHT channel. Emphasis on RIGHT.

Yeah, now you are talking.

Hungary made a very good choice for not cutting off Russian gas. It would have gotten them into this kind of inflation

neonly:



But they have constant power Na
U pple will just be comparing develope country to Nigeria when it favour u pple
Nigeria economy is run by fuel
How many pple drive cars the reason we consume do much of fuel is because of power which we can't even produce our self
Anyways depending on IMF advice now see we they landed us
So if they are suffering must we too
Buhari and co's are d real definition of Failure pls

At the end of the day, the issue is power supply

And yes, Buhari is a failure, but the real reason why we don't have power supply is because we do not fund the power sector adequately by paying them the tarrifs that would ensure they work well.

Below is a page from an independent report on the power sector....

suffering:
Good. This will leave many Nairalanders in ignorance. A situation which was the norm to begin with.

I like this situation because it is bringing the importance of diesel to the economy to limelight. The price of diesel has been unapologetic on rise since last but many people didn't know it, no noise whatsoever. Maybe because many people don't use it directly. A few of us that use diesel understand it's importance to any economy.

This radio shutting down early also happened under GEJ, in fa t it was few months to his handover

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

As at today, a LTR of diesel is 680 naira. Almost 700 naira

tekjansen2:


Yeah, now you are talking.

Truth is Truth no matter how painful or sweet it sounds.

Most enlightened minds blaming buhari is because if his role in 2012 which is hunting his government today. They played the people to believe they had the solution but they have been exposed.

In my view: Subsidy is a temporary solution to a permanent Problem.

mabea:
I like this situation because it is bringing the importance of diesel to the economy to limelight. The price of diesel has been unapologetic on rise since last but many people didn't know it, no noise whatsoever. Maybe because many people don't use it directly. A few of us that use diesel understand it's importance to any economy.

Diesel in some countries is cheaper than petrol due to subsidies. How I wish Nigeria could implement the same.

I already said this days back, though more Stations still coming to this level then follow by the communication/service providers...

What a country

Smh

27Pushing30:


Buhari caused Russia Ukraine crisis? Wow

a reasonable government would have stepped in to cushion the effect on business and vulnerable citiens particularly when the grid that should be the main supply of power is now notorious for breaking down.

The UK just gave 150pounds to every house under certain bands to deal with the increase in the light bill.

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

This is worse than 30years ago. 30 years ago dollar was less than N50.

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27Pushing30:


Illiteracy bad sha

You don't know the meaning of illiteracy.


The word you need is ignorance.

That guy you quoted is not an illiterate.

Of course the next best thing after sliced bread is to blame Buhari.

We having working refineries would not make so much impact on its price.
People just think cause you have oil external price won't matter... We might as well line up with our Jerry cans and suck up all the oil.
Even US the largest producer of oil and one with the largest reserve are feeling the heat of increased price of petrol, gas and diesel. Everyone is rationing to save cost... Guess what? They also have the most number of operational refineries in the world.
So tell me, what aren't they having it cheap with all these factors??

helinues:


What are you still doing in Nigeria?

Lol broke scammer

27Pushing30:


Buhari caused Russia Ukraine crisis? Wow

Continue supporting failure. Where is the refinaries he promised us. Yes oil is high but as a result of no refinaries we suffer it more. You should cover your face in shame for supporting a man that called himself president but was not able to built what a single man (Dangote) is doing.

tekjansen2:


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.

@the emboldened, This is FALSE!

The UK didn't just "give" 150 pounds to every house hold... It is a refund for COUNCIL TAX BILL...
Not VAT or PAYE óò.. Before someone will come and say we also pay tax in Nigeria na.
Not everyone qualifies, and if you don't pay your council tax or are in default, you don't qualify for the refund.
But yes, like you said, it's to help cushion the effect of the increased energy bill due to increase in gas prices.

Resurgent2016:


a reasonable government would have stepped in to cushion the effect on business and vulnerable citiens particularly when the grid that should be the main supply of power is now notorious for breaking down.

The UK just gave 150pounds to every house under certain bands to deal with the increase in the light bill.

tekjansen2:


Even IF the refineries were working and they are not because subsides makes domestic refining unprofitable...diesel costs would still be high because of rising crude prices, which would even lead to rises in crude used for domestic refining.

As seen in America where the WTI ..the domestic price of American crude for local refining in the US...is rising along with the crude oil prices.

All in all, the problem is that we are not producing enough electricity...but that's another discussion.

Common Sense is indeed not common , you think its by writing big words , grammar and jargons .

Even a 4 year old knows that if the 4 refineries are actually working to full capacity , Nigeria will stop or limit drastically the practice of exporting our crude and importing refined products at inflated prices.

Ask yourself, why other members of OPEC are smiling to the banks now while Egbon giant of Africa is having her radio stations folding up because of high cost of diesel

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

Modified

The above comment is made on the idea that there would be a concurrent rise in the cost of crude intended to be refined in Nigeria, alongside international crude price...assuming we 1) refine crude at home 2) no subsidy on diesel.

Which country Nigeria de buy crude oil from.abeg?

MedicH:



Which country Nigeria de buy crude oil from.abeg?

Its still a fact that countries that refine crude at home have higher prices for diesel.

If we refined crude at home, the higher cost of crude at home due to rising international crude prices would still mean higher cost of diesel

Unless you want crude used for domestic refining in Nigeria to cost 20 dollars a barrel.

SmartPolician:


@the emboldened, This is FALSE!

It is true , APC man.

Let's not lie to ourselves

Read up about subsidy. You need to.

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

You are informed. High cost of petroleum products including diesel is worldwide. Stop the political nonesense. It has nothing to do with Buhari.

tungamaje:

Was it the Russian Ukrainian war that made our 4 refineries not to function?

no mind am

What Buhari pandemic cannot destroy, doesn't exist.

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?

So you believe the reason for the high cost of dies is the war? You must be a joker to have believed this ..

1Hover1:
The UK didn't just "give" 150 pounds to every house hold... It is a refund for COUNCIL TAX BILL...
Not VAT or PAYE óò.. Before someone will come and say we also pay tax in Nigeria na.
Not everyone qualifies, and if you don't pay your council tax or are in default, you don't qualify for the refund.
But yes, like you said, it's to help cushion the effect of the increased energy bill due to increase in gas prices.

You are missing the point. The source of the fund doesn't matter, it's the principle that the government realised it had to step in to cushion the deleterious impact on business and vulnerable individuals. Gov providing tax rebate is as good as government providing the funds directly because all government funds come from either tax or other levies collections or external funding e.g loans.

Even if you attempt to tie the support to the source of funds, the bulk of Nigeria's tax receipt (oil & no-oil) comes from the formal sector. What support has the government offered knowing that these companies are increasingly dependent on diesel generators in the face of a faltering power grid that went offline for several days of lates.

Nigeria needs a responsible government!!

Everything dey hard more

Nigeria is bleeped up.

1Hover1:
Of course the next best thing after sliced bread is to blame Buhari.

We having working refineries would not make so much impact on its price.
People just think cause you have oil external price won't matter... We might as well line up with our Jerry cans and suck up all the oil.
Even US the largest producer of oil and one with the largest reserve are feeling the heat of increased price of petrol, gas and diesel. Everyone is rationing to save cost... Guess what? They also have the most number of operational refineries in the world.
So tell me, what aren't they having it cheap with all these factors??

yes blame buhari. The same usa is going to supply 15bn worth of gas to eu, where is Nigeria in this whole game. NNPC cannot account for 100m barrels of crude due to theft and the nnpc gmd is still in office. Nothing has been done to stem the tide. Investors fleeing the country. Nobody wants to invest in Nigeria when you cannot compete with dangote. Even in the telecom sector, only 4 providers. In the TV sector, we have only dstv. Everybody wants to drill oil and sell. Everybody wants to steal govt money. No leadership whatsoever. All his travels,he has achieved nothing with it. If i was president. I would strike deal with russia and buy diesel from them. India did with, why cant we do it. It is even cheaper to buy from them. I will work hard to stop oil theft because we just lost 3 billion dollars from it.