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Nairaland Forum / Nairaland / General / Politics / Prolonged Petrol Scarcity Is Scandalous (9630 Views)
Another Petrol Scarcity Is Looming - Fisayo Soyombo / Petrol Scarcity Worsens Nationwide / Akeredolu Governing Ondo From Oyo State Is Scandalous — PDP, Others (2) (3) (4)
Prolonged Petrol Scarcity Is Scandalous by iwaeda: 7:13pm On Dec 25, 2022 |
THE current hitch in the supply of Premium Motor Spirit (petrol) across the country is scandalous. As Africa’s largest crude oil producer, many months of fuel scarcity, especially during the Christmas and New Year festivities, reflects the dysfunction in Nigeria’s public administration and the economy. https://punchng.com/prolonged-petrol-scarcity-is-scandalous/ 3 Likes
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Re: Prolonged Petrol Scarcity Is Scandalous by Moferere: 7:27pm On Dec 25, 2022 |
Naija na scam 8 Likes 1 Share |
Re: Prolonged Petrol Scarcity Is Scandalous by VeryWickedUncle: 7:31pm On Dec 25, 2022 |
Fuel is not scarce nor expensive. If you doubt me, ask yourself how fuel to burn criminals come out fast no matter the economic situation or area. 10 Likes
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Re: Prolonged Petrol Scarcity Is Scandalous by Donwilson88: 7:47pm On Dec 25, 2022 |
Its a shame Nigeria has lost it all! No good and effective policies that should protect the availability and affordability of our petroleum products Naija wake up!! Please contact us For your Academic Assignment, Articles, Thesis etc With a satisfying price, Chat us up- see WhatsApp number below (see signature) 7 Likes |
Re: Prolonged Petrol Scarcity Is Scandalous by Jessyjeff: 7:54pm On Dec 25, 2022 |
Nigerian rulers are perhaps the most visionless people on earth. Nigeria has enough resources and manpower to be one of the developed countries in southern hemisphere, but we lack everything. From standard infrastructure to basic amenities, Nigeria has nothing. You only hear about how much money missing from one government ministry to another. Shamefully, this is the most populated black nation in the world. Are we so daft to be ruled by morons? How can a country have so much potential and end up having absolutely nothing? 37 Likes 2 Shares |
Re: Prolonged Petrol Scarcity Is Scandalous by iwaeda: 8:13pm On Dec 25, 2022 |
Merry Christmas 1 Like |
Re: Prolonged Petrol Scarcity Is Scandalous by iwaeda: 8:31pm On Dec 25, 2022 |
Jessyjeff: Vision lohunlohun |
Re: Prolonged Petrol Scarcity Is Scandalous by loosecanon50(m): 1:54am On Dec 26, 2022 |
Nigeria has the natural resources to prosper, it’s just that we’re laden with visionless and corrupt leaders only after their pockets. The advent of LP’s Peter Obi will change all that. 15 Likes 2 Shares |
Re: Prolonged Petrol Scarcity Is Scandalous by Tonypen247(m): 3:24am On Dec 26, 2022 |
Hmmn |
Re: Prolonged Petrol Scarcity Is Scandalous by linkers: 3:24am On Dec 26, 2022 |
A parting gift from APC govt. Be wise and vote them out. Obi is the best among them. 10 Likes 2 Shares |
Re: Prolonged Petrol Scarcity Is Scandalous by Ofunaofu: 3:24am On Dec 26, 2022 |
Having realise that Nigerians have already made up their minds to kick them out from office come February 2023, they now decided to give Nigerians a parting gift to crown their calamitous outing. 10 Likes |
Re: Prolonged Petrol Scarcity Is Scandalous by BOLATINUBU01: 3:25am On Dec 26, 2022 |
VeryWickedUncle:wetin this one dey talk 5 Likes
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Re: Prolonged Petrol Scarcity Is Scandalous by Dvdpity: 3:29am On Dec 26, 2022 |
Shame to APC and PDP government. Any one gearing up to vote these bastards is one of the problems of this country. If you want Nigeria to be better, it's time to break all these cabals, Hyna and cartels holding Nigerians down, with poverty, Hunger and mindless killings. Don't vote APC or PDP again. 9 Likes 1 Share
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Re: Prolonged Petrol Scarcity Is Scandalous by Nobody: 3:45am On Dec 26, 2022 |
No alternative to deregulation and removal of subsidy either 2 Likes |
Re: Prolonged Petrol Scarcity Is Scandalous by Patrickker(m): 3:46am On Dec 26, 2022 |
Dvdpity: Them no go hear you, suffering no dey tire us. Infact, we are wired naturally to like suffering by default. In 2015, i was opposed to voting Buhari. My immediate family (6 of them) wanted to skin me alive. I was seen as the black sheep of the family. I was seeing a calamituous man who would be a weakling in many areas. I knew age, tribe, religion, region and nepotism was going to overwhelm him. I voted against him anyway (my conscience was freed at least). Fast forward to 2018, they saw a biting economy, fulani herdsmen killings with my state, Benue, bearing the brunt. They started complaining. I told them, this is the time i will support Buhari. We must complete it. 5 Likes |
Re: Prolonged Petrol Scarcity Is Scandalous by Patrickker(m): 3:54am On Dec 26, 2022 |
Patrickker:In 2019, i was the only person that voted him in my house. I knew he was repeating whether we vote him or not. Here we are today, Lessons learnt in a hard way... This time my father asked me, who am i voting, I smiled in satisfaction and told him Obi, he said, 'Obi, the way to go.' 4 Likes |
Re: Prolonged Petrol Scarcity Is Scandalous by Nobody: 3:57am On Dec 26, 2022 |
Personally, I m not impressed with Buhari. All his cry of I v done my best is a disgrace. We elected him to better Nigeria but I can say that standard of living has dropped. So he's leaving us worst than he met us. And all he could say is to give incompetent statements like I v done my best but some said it's not enough. Aside 2nd Niger bridge, I can't recall anything extra ordinary in his projects. Just look at the new naira note. The old notes are better than the new ones. They could v maintained the standard of material used in producing the previous ones while changing the colour. I v compared the notes to each other and the old ones are stronger. 6 Likes 1 Share |
Re: Prolonged Petrol Scarcity Is Scandalous by Nobody: 4:04am On Dec 26, 2022 |
If we want an end to scarcity then we have to remove subsidy. The biggest mistake any government can make is to 'regulate prices'. We have been regulating prices of petrol since 1973, and in the process we have gone from having 2-3 working refineries to 4 and now to none. Inherent in subsidisng fuel is the idea that we can sell fuel below the production cost and then pay off the resulting loss via subsidy. As we can see that is not possible. To even run refineries effectively, we need them to make a profit.....which means a refinery is allowed to sell fuel in a way that it can make a profit to pay off the supplier of crude, and its maintenance and upgrade costs, and the marketer is allowed to sell fuel in a way that enables it to pay off its transport costs, the refinery, its supplier. And all have to pay the government its due. Subsidy does not help the poor. In 2021...it cost N261 to bring in one liter of fuel. Now as at November it was costing N510. The official price of the petrol jumped from N165 to now N179. And we somehow expect to keep it magically that low.? Nigeria has wrecked our refineries at home because we could not let them produce at a profit....this is the extent of government mismanagement. Government did not let the refineries make a profit. Government over the years prefers to use a large and larger amount of the budget to pay off subsides...because it has no other way of helping the poor that Nigerians like. The poor are helped in 'sane societies' by heavy taxation, and tax to gdp ratios that are as high as 40-50%...which pay for the welfare of most of the poor. In Nigeria, we do the paying by blanket subsidies, and by cutting prices of petrol. As a result, we end up taking a large chunk of our budget to pay for subsides...because government cannot control the production cost of petrol...whether in or out of Nigeria....and we take loans to cover our asses. Until subsidy goes....there is going to be scarcity. You cannot bring in fuel at N510 and sell at N180. You cannot refine fuel in Nigeria above N250, and sell it at N180. Petrol, like the phones and rice and stuff you buy...costs money. Thanks for listening to my TED talk on subsides. 9 Likes 1 Share |
Re: Prolonged Petrol Scarcity Is Scandalous by Jack005(m): 4:07am On Dec 26, 2022 |
Buhari and his gangs has finished us.. The suffering is unprecedented. 2 Likes |
Re: Prolonged Petrol Scarcity Is Scandalous by Naijanascam: 4:16am On Dec 26, 2022 |
They are not talking because they are benefiting from it real time Now in some areas 272 a liter he is happier than when it is 65 naira 2 Likes
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Re: Prolonged Petrol Scarcity Is Scandalous by MVLOX(m): 4:19am On Dec 26, 2022 |
At least it is getting us ready for the removal of the fraudulent subsidy |
Re: Prolonged Petrol Scarcity Is Scandalous by Princedapace(m): 4:35am On Dec 26, 2022 |
Nigerian leaders are shameless 2 Likes 1 Share |
Re: Prolonged Petrol Scarcity Is Scandalous by obi58: 4:39am On Dec 26, 2022 |
Kobonaire234: Subsidy must stay. Low fuel price is the only thing Nigerians benefit from the government. Instead every effort should be made towards investigating the inefficiencies in the fuel industry. Starting from accurately determining our daily domestic demand to accurately capturing the real volumes imported into the country to effectively Manning our borders to stop oil smuggling, to checking pipeline vandalism and bunkering, to providing incentives for quick setup of modular refineries nationwide to checking the excesses of Nnpc and the private depot owners etc.... A serious government will attack and eliminate all these inefficiencies first, set up domestic production not limited to Dangoté alone, denominate crude oil supply to local refineries in naira and their ancillary inputs likewise to reduce the drain on our foreign reserves thus strengthening the naira and then sell excess crude on the international market. If even as low as 30% of these things are done you will discover that much of this subsidy burden on the budget will mysteriously disappear, fuel will be everywhere and our daily bpd will increase. If other oil producing countries can efficiently manage their petroleum industry and still subsidise fuel for their citizens so also can Nigeria. Few years back Naira was stronger than the CFA, but today that is not the case. If Nigerians can go to Cotönou to buy cars and pay appropriate duty before crossing the border back here, I see no reason why people from other countries coming here to buy cheaper petrol cannot be checked and made to pay appropriate premium duties to government which can be ploughed back into improving our local refining capacity. The problem is not subsidy but the gross inefficiencies in the management of our petroleum sector especially by NNPC. This is where the beam must be focused for us to maximise our earnings from oil and improve our country. 8 Likes 2 Shares |
Re: Prolonged Petrol Scarcity Is Scandalous by Nobody: 4:45am On Dec 26, 2022 |
obi58: At the end of the day, we will end up with a rising subsidy cost due to a rising cost of production, because the people who bring out the fuel and the people who sell the fuel and the people who refine the fuel ...want to be paid because 1.Cost of living 2.Cost of the machinery they use...including maintenance costs, replacement costs, and so forth...to refine the fuel. 3.Transport costs. The rising subsidy means that government spends more and more money on subsidy...meaning we have to take heavy loans to cover the deficit. We also spend more forex on subsidy...and more forex on imports....meaning no dollars to buffer the naira...meaning the naira keeps on falling. As for inefficencies...smuggling happens because fuel cost less than in our neighbours. Stealing happens because free government money and because subsidy forces a lot of people to operate at a loss....which also fuels smuggling. Finally, subsidy=price controls. Unless you are the most altruistic human being in the world, you won't let government set your price. At the end, it means we have something called rising debt...worse than what we have now. Which means that .... THE POOR PAY IT. So, your choice. Pay for fuel at the market price....or pay for it at IMF HQ. At a higher rate. Or remove subsidy, we get higher investment, more refineries, more jobs, more money flowing in, in return for a hike in prices that would become irrelevant as the benefits kick in. 2 Likes |
Re: Prolonged Petrol Scarcity Is Scandalous by obi58: 4:53am On Dec 26, 2022 |
Kobonaire234: Like I said let government address the massive inefficiencies and leakages in the industry first. These are the things that the cabal is massively exploiting at the detriment of the poor masses. If domestic fuel consumption is accurately put at 30mbpd as against the fictitious NNPC figure of 70mbpd a day and the customs is made to do their job properly smuggling will reduce massively. More duties will be generated at the borders from these tankers going out. If we could successfully combat smuggling of imported rice in this country I see no reason why massive tankers cannot be tracked and made to pay sufficient duties back to government to cover the cheap fuel they buy here. Like I said before the reverse happened some years ago when the Naira was stronger than the CFA and importing cars was much cheaper in Cotonou than Nigeria. Even with Benin government increasing duties and tightening their border controls, Nigerians still kept importing cars from Benin and paying the appropriate duties to the Béninois government. Today the CFA is stronger than the Naira. The Nigerian government in their wisdom have kept increasing importation duties for cars locally when we should be exploiting this situation. 4 Likes 1 Share |
Re: Prolonged Petrol Scarcity Is Scandalous by oneolajire(m): 4:57am On Dec 26, 2022 |
It is a lie. Punch newspaper should stop being sponsored by Peter Obi. There is no fuel scarcity in Nigeria. All these campaign of calumny against Buhari will fail. There is cheap fuel everywhere. New refineries have been built in Al the geo-political zones of this country. The old refineries are all working well. Buhari stopped crude oil theft. So kudos to him. APC will rescue Nigeria from APC 2 Likes
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Re: Prolonged Petrol Scarcity Is Scandalous by Zionmdde: 5:01am On Dec 26, 2022 |
If buhari contests for the 3rd time I will still vote for him Fuel scarcity equals less vehicles on the road Less vehicles equals less pollution and accidents Even kidnappers won't have fuel to operate Infact it will boost our gdp, now donkey rearers can be empowered. We will ride on donkeys and horses I won't vote for apc this election but if they win, I will vote for them next time, wickedness is nobody's birth right. We can all be wicked and heartless to ourselves 5 Likes |
Re: Prolonged Petrol Scarcity Is Scandalous by Bigchristo: 5:36am On Dec 26, 2022 |
Moferere:Nigeria is not a scam, our ideology and mentality of doing things makes Naija look seemly like a scam, there are people who protested against Good luck Jonathan during fuel subsidy removal where are they now? They buried their head in shame after using propaganda to install a government that take Nigeria back to Stone Age 1 Like 1 Share |
Re: Prolonged Petrol Scarcity Is Scandalous by adecz: 5:55am On Dec 26, 2022 |
Re: Prolonged Petrol Scarcity Is Scandalous by ivandragon: 5:57am On Dec 26, 2022 |
Most inept administration |
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