Bobloco:


No cabal is more powerful than the government

A government or a president that has the political will and that is very decisive can crush these so called cabal within minutes.


The problem here is that our so called elected and appointed leaders are in bed with these oil cabals.

Let me ask you, is it right for the government of the day to suffer the masses because they lack the political will to confront and crush these Oil cabals. The answer is NO

The government now has the political will after many years. The suffering is a short term one to correct the evils of the past. The masses must support the government because they voted the government in.

Baatunde:
Do you not think that the market would have reacted the same way if any one of the three major candidates who have said they were going to remove fuel subsidy was the one sworn in on May 29th. As in the market already knew what was coming because of the campaign promises of the three candidates who were very emphatic that they would remove fuel subsidy and even PO said ' IMMEDIATELY and not a day longer'

I have heard about this palliatives many times today, how exactly is this supposed to work , what are these so called palliatives, how would they be funded and for how long would they have lasted? Is that not another subsidy in disguise? Digging a hole somewhere to fill another hole.....

The reactions would have been the same, no difference.
However, I think that any palliative measures that do not include strict regulations of transport fares across the country may not work.

drlateef:




The government now has the political will after many years. The suffering is a short term one to correct the evils of the past. The masses must support the government because they voted the government in.

Really, short term suffering or long term while the cabal will go home with their loot

Bobloco:


This is pure propaganda

How is these products finding their way to those countries. No one have been sacked for not doing his job in securing our borders or arrested by the security agencies for smuggling



Instead of tackling the issues, they keep running around

For you to just blame the incompetency of the border security agency, you keep saying propaganda, which one is propaganda here? Is it that our subsidized fuel is not been smuggled to neibhouring countries like the post claimed or what? This rubbish has been going on for a very long time but all thanks to God for giving us Asiwaju the fearless.

May Nigeria succeed.

Bobloco:
I knew that they will come out with this propaganda

We are waiting for Niger, Togo, Chad and Cameroon

All to justify this thoughtless decision by Tinubu

Instead of fixing refineries, blocking leakages, having an effective and efficient border patrol to arrest and prosecute these smugglers

Having 100 refineries in Nigeria will not reduce price of fuel in Nigeria as long as crude oil is sold at international price.

If it will, why then are oil producing countries like Qatar and UAE with refineries selling PMS at 450-520 naira?

Some id!ots will leave the question I asked and started asking about the minimum wage of those countries.

Bobloco:


This is pure propaganda

How is these products finding their way to those countries. No one have been sacked for not doing his job in securing our borders or arrested by the security agencies for smuggling



Instead of tackling the issues, they keep running around

Nigeria has corrupt border patrols who will turn a blind eye if he's bribed by the smugglers. Sacking him and putting another one doesn't mean the other one won't be corrupt..

Also Nigeria as a 4500km length of border.. How many men will it take to man such length effectively...

Subsidy removal is the surest way to end that corruption.

With the manner he removed the subsidy, he lacks emotional intelligence and failed to spare a thought on how impactful the removal will be on livelihoods of Nigerians. Thats a very terrible leader with a poor sense of judgement.

nairalanda1:


Removing subsidy wrecks the basis of their business

First of all it is common knowledge that the subsidy amount is grossly inflated. I am sure if you send someone to buy something from the market for you worth N10 and he tells you it is N200 you would investigate the discrepancy and not allow him cheat you. This is how nnpc keeps allowing marketers cheat the FG with an inflated monthly subsidy bill of N400b and no one is asking questions and stopping this fraud. Instead it is the common man that will beat the brunt as usual.

That is tantamount to cutting your nose to spite your face.

If you had a shop and you observed massive pilferage of your income by your staff, would you not sack the staff instead of shutting down the shop and your daily means of livelihood?

What is stopping government going after these thieves if they can go to great lengths to check bunkering and oil theft? Why should government turn blind eye to our porous borders? If they could fight rice importation why not this?

In a country where there is no infrastructure or social welfare in place to take care of the common man why should this last hope be taken away?

lexy2014:


thts not whay i asked you.

Who are these "oil cabals"? Can you pls name them?

How do they get to the border and thereafter across the border?

If you call subsidy a scam, then there are scammers. Are these scammers ghosts?

Please re ask the question

Perfectbeing:
Having 100 refineries in Nigeria will not reduce price of fuel in Nigeria as long as crude oil is sold at international price.

If it will, why then are oil producing countries like Qatar and UAE with refineries selling PMS at 450-520 naira?

Some id!ots will leave the question I asked and started asking about the minimum wage of those countries.

Bros ... The crude oil is a free gift of nature. We can decide as a nation how much we want to sell the product domestically to refineries locally and internationally at OPEC prices. That's what we should do. We can decide to sell 30% of our daily output in naira and the rest to the international market in dollars. I can assure you government will still make a very healthy profit. But there is a cabal that will sing the song that it doesn't work that way in the downstream oil sector as everything is denominated in dollars but to this I say that government decides on the policies and operating conditions for oil exploration in Nigeria and players unwilling to adhere to government's conditions are free to exit. We all know that several other oil companies will jump at the opportunity to take their place! I always use this adage that if you are a cassava farmer, you will not charge your family for the portion of your produce you use to feed them whilst taking the rest to the market to sell. It would be stupid of you to go and buy garri at the market when you produce it yourself.

I'm sure you are aware of the oil swap deals done by the government with foreign countries to reduce the FX spent on fuel importation?

In essence, there is no hard and fast rule about these things. It is the choice of government to subject their oil to international prices or not and every government seeks to do what is best for its people and not for the international market.

justmondris:


Please re ask the question

These are pertinent questions that sensible Nigerians should be asking.

obi58:


First of all it is common knowledge that the subsidy amount is grossly inflated. I am sure if you send someone to buy something from the market for you worth N10 and he tells you it is N200 you would investigate the discrepancy and not allow him cheat you. This is how nnpc keeps allowing marketers cheat the FG with an inflated monthly subsidy bill of N400b and no one is asking questions and stopping this fraud. Instead it is the common man that will beat the brunt as usual.

That is tantamount to cutting your nose to spite your face.

If you had a shop and you observed massive pilferage of your income by your staff, would you not sack the staff instead of shutting down the shop and your daily means of livelihood?

What is stopping government going after these thieves if they can go to great lengths to check bunkering and oil theft? Why should government turn blind eye to our porous borders? If they could fight rice importation why not this?

In a country where there is no infrastructure or social welfare in place to take care of the common man why should this last hope be taken away?

Take away the inflation, and the subsidy would grow because of the rising differential between the cost of production and the subsidised price.

That's why subsidies in sane countries are limited, or are paid for from massive taxation.

If you want the subsidy back, run for office, and get it back. Don't bother me. Subsidy is why we don't have refineries for years....because.....and this is important....it wrecks the profit motive.

And you need to make a profit not just to live large, but to pay improved salaries, pay for refineries, old and new, pay taxes , etc.






Now, would you sell your goods at a subsidised price to help the poor.? Answer this question honestly.

Yes is true even in this Cameroonian border fuel station owners prefer selling to smugglers at night, bribing the whole border officials and making double profits. The subsidy will make the business now less attractive and upgrade the gain of real importers who follows due process without cutting corners.

BTCJagaban:
In Benin republic, people only buy smuggled petroleum products from Nigeria. The fuel in their filling stations are not subsidized hence, they result to buying subsidized products which smugglers smuggle from Nigeria. They display this product by road side and they do it openly.

I think Benin republic government are great beneficiary of this subsidy removal. It will eradicate selling of petroleum products by road side.

Nigeria should get ready for influx of Africans into Nigeria. Subsidy removal in Nigeria won’t affect Nigeria only. It goes beyond.

[Yes is true even in this Cameroonian border fuel station owners prefer selling to smugglers at night, bribing the whole border officials and making double profits. The subsidy will make the business now less attractive and upgrade the gain of real importers who follows due process without cutting corners.[quote quote author=BTCJagaban post=123530334]In Benin republic, people only buy smuggled petroleum products from Nigeria. The fuel in their filling stations are not subsidized hence, they result to buying subsidized products which smugglers smuggle from Nigeria. They display this product by road side and they do it openly.

I think Benin republic government are great beneficiary of this subsidy removal. It will eradicate selling of petroleum products by road side.

Nigeria should get ready for influx of Africans into Nigeria. Subsidy removal in Nigeria won’t affect Nigeria only. It goes beyond. [/quote]

ravensckar:
You guys sometimes sound like you reason from your anus. So, because some unscrupulous people have been smuggling subsidized fuel from Nigeria to Benin Reprublic, the whole citizen should bear the brunt? What happens to setting up a task force to curb this menace? What happens to effective border policing? There's a reason why illiteracy is worse than cancer. There's no single economic benefit of this subsidy removal. Please don't say that the money will be diverted to other sectors because you and I know if won't. Rather, it will be looted in broad day light.


Secondly, the law of equity says that; 'He who must come to the table must come with clean hands'. If the government is truly sincere about the development of this nation, why can't they reduce the running cost of governance? Or is their bogus pay not affecting our recurring expenditure? See, they ain't bearing any brunt but they are telling the citizens (who are already going through a lot) to sacrifice for the greater good. If you cannot see the insincerity of our government, then you need to have your head examined.

#A_Big_No_To_Subsidy_Removal

You're one of the few wise men on this site. Exactly what I said yesterday on this site, why should the average man bear the full responsibility of the government's inadequacy.

And you see a multitude of fools that'll be affected too shouting remove subsidy because of follow follow.

The government failed completely. No refineries, no task force to crumble these smugglers of which the politicians are benefactors as well but yet they want the average Nigerian to suffer for it.

As a country, we are filled with irredeemably stupid people. People with zero critical thinking skills make the voting population and we wonder why the country remains underdeveloped after many decades.

Bobloco:


Why the insults

Can't you argue intelligently

You are not worthy of an intelligent conversation.

ravensckar:
You guys sometimes sound like you reason from your anus. So, because some unscrupulous people have been smuggling subsidized fuel from Nigeria to Benin Reprublic, the whole citizen should bear the brunt? What happens to setting up a task force to curb this menace? What happens to effective border policing? There's a reason why illiteracy is worse than cancer. There's no single economic benefit of this subsidy removal. Please don't say that the money will be diverted to other sectors because you and I know if won't. Rather, it will be looted in broad day light.


Secondly, the law of equity says that; 'He who must come to the table must come with clean hands'. If the government is truly sincere about the development of this nation, why can't they reduce the running cost of governance? Or is their bogus pay not affecting our recurring expenditure? See, they ain't bearing any brunt but they are telling the citizens (who are already going through a lot) to sacrifice for the greater good. If you cannot see the insincerity of our government, then you need to have your head examined.

#A_Big_No_To_Subsidy_Removal

On paper, your plan can work, but in reality, forgerrit. I'm sure someone in your extended family at the moment is taking bribes from people like the smugglers instead of doing his job. Virtually every family have that one person. How government won take curb that one?? When they say change starts with us, na wetin dem dey talk bdat.

Dougad:


You're one of the few wise men on this site. Exactly what I said yesterday on this site, why should the average man bear the full responsibility of the government's inadequacy.

And you see a multitude of fools that'll be affected too shouting remove subsidy because of follow follow.

The government failed completely. No refineries, no task force to crumble these smugglers of which the politicians are benefactors as well but yet they want the average Nigerian to suffer for it.

As a country, we are filled with irredeemably stupid people. People with zero critical thinking skills make the voting population and we wonder why the country remains underdeveloped after many decades.

Another Obingo

Dougad:


You're one of the few wise men on this site. Exactly what I said yesterday on this site, why should the average man bear the full responsibility of the government's inadequacy.

And you see a multitude of fools that'll be affected too shouting remove subsidy because of follow follow.

The government failed completely. No refineries, no task force to crumble these smugglers of which the politicians are benefactors as well but yet they want the average Nigerian to suffer for it.

As a country, we are filled with irredeemably stupid people. People with zero critical thinking skills make the voting population and we wonder why the country remains underdeveloped after many decades.

People like you will blame the government if you can't get your wife pregnant.

[people have use this smuggling method and made a big futune in the borders.quote author=kevoh post=123531003]
This has nothing to do with propaganda. I have witnessed that of Benin Republic way back in 2012 even to the smallest level of loading motorbikes built specially to carry minimum 200 litres. It's not just Benin. Other border towns in Niger, Cameroon etc. are also huge beneficiaries of smuggled subsidized Nigerian fuel.

If you had strolled to border towns before now, you would have witnessed this first hand![/quote]

obi58:


These are pertinent questions that sensible Nigerians should be asking.

You done tire? Dey ask me jamb questions idiot

Tonnierichy:

People like you will blame the government if you can't get your wife pregnant.

Go and tell that to your stupid father who refused to give birth to a child with common sense.

Whose fault is it that we don't have working refineries after decades? Your stupid father , mother or the government?

Whose fault is it that there have been smuggling going on for decades and yet no single person has been arrested? Your retarded mother, father or the government?

The thing with low IQ retarded scums like you and your animalistic ancestors is that when the appropriate blame is placed on the government for things they failed to do, you come out in troops to defend them like they have your best interest at heart.

If they did, you would have working refineries and constant power supply by now

No quote me with useless comments again, you stupid fûck

Sponsored tweets. Only the Benin border towns sells black market fuel. Moreover benonise largely use motorcycles.

Tonnierichy:

Another Obingo

You mean your stupid father. Definitely not me you brainless fuckwit

Dougad:


You mean your stupid father. Definitely not me you brainless fuckwit

Ipob Obingo to be precise. You have all the attributes.

nairalanda1:



Take away the inflation, and the subsidy would grow because of the rising differential between the cost of production and the subsidised price.

This makes no sense because... Rising cost price is largely determined by inflation and fluctuations in the international market. To insulate the country from this, a portion of our daily crude output should be made available to domestic refineries in naira to cater to our local daily oil needs and the rest exported and sold at international rates. You are already seeing the inflationary impact of subsidy removal without any economic plan in place to mitigate its impact.

That's why subsidies in sane countries are limited, or are paid for from massive taxation.
Subsidies are usually made on essential commodities in sane climates yes whether in agriculture to ensure low food prices or in our case for fuel which is the life blood of the economy. Our problem in this country is corruption and the efficient use of our revenue. I'm sure if a comprehensive review is done of our budget, some expenses can be sacrificed to provide for subsidy eg.. cost of governance. But of course it's much easier to push the cost to the gullible masses to bear as usual.

If you want the subsidy back, run for office, and get it back. Don't bother me. Subsidy is why we don't have refineries for years....because.....and this is important....it wrecks the profit motive.
that's pure BS. Y'all should stop peddling this old propaganda. Our refineries refused to work because corruption was allowed to exist in our refinery operations. If we had chosen to commercialise or privatise them and allow them to be run by private individuals would the sabotage still continue? Why is it different when it's a government enterprise? Why did the same government invest in Dangote refinery to the tune of $4bn? Why not employ the same structure for the other refineries and ensure that there is no more need to import fuel? Is domestically produced fuel going to cost the same as imported fuel?

And you need to make a profit not just to live large, but to pay improved salaries, pay for refineries, old and new, pay taxes , etc.
More BS. You are talking about increased revenue when your government agencies have not even been efficient in generating current revenue and current revenue has not been efficiently used! Even with all the corruption, I can assure you that the customs service remains highly profitable yet we all know the massive income leakages at our borders. So much stealing and corruption in government is why we are broke and not subsidy! A serious government would choose to fight corruption head on a political government would instead look for excuses ergo... The subsidy discussion


Now, would you sell your goods at a subsidised price to help the poor.? Answer this question honestly.

[b]You have basically refused to answer the question of why government is unwilling to unbundle this mystery called subsidy and is instead intent on throwing the baby away with the bath water. How much should the subsidy actually be? Why is the inflated monthly subsidy figure accepted by government??

Subsidy arose in the first place because of a need to import fuel because our refineries were not working. Now the same people arguing as to why our refineries cannot work are silent as to why government invested $4bn dollars in Dangote refinery meanwhile our 4 refineries remain in the doldrums. They could not even take the bold step to commercialise or concession the refineries to interested individuals who are ready to invest to bring these refineries back up!

Oil is an essential commodity don't liken it to selling electronics or cars where profit maximisation is the goal. No matter how business minded you are I can assure you that you won't sell your goods to your family members especially. There is something in business called Corporate social responsibility which you are aware of I'm sure. There are even tax concessions for businesses who engage in giving back to society even in capitalist economies.
[/b]

obi58:


[b]You have basically refused to answer the question of why government is unwilling to unbundle this mystery called subsidy and is instead intent of throwing the baby away with the bath water. How much should the subsidy actually be? Why is the inflated monthly subsidy figure accepted by government??

Subsidy arose in the first place because of a need to import fuel because our refineries were not working. Now the same people arguing as to why our refineries cannot work are silent as to why government invested $4bn dollars in Dangote refinery meanwhile our 4 refineries remain in the doldrums. They could not even take the bold step to commercialise or concession the refineries to interested individuals who are ready to invest to bring these refineries back up!

Oil is an essential commodity don't liken it to selling electronics or cars where profit maximisation is the goal. No matter how business minded you are I can assure you that you won't sell your goods to your family members especially. There is something in business called Corporate social responsibility which you are aware of I'm sure. There are even tax concessions for businesses who engage in giving back to society even in capitalist economies.
[/b]

If you want the subsidy, you can run for office and get it back.

nairalanda1:




If you want the subsidy, you can run for office and get it back.

Well... I'm sure you have seen that there is no sense to your argument for subsidy removal.

sharone21:


Cameroon ke?

All that side ( Cameroon, Gabon and Equatorial Guinea)are oil rich( Petroleum) apart from Bakassi oil blocks in Cameroon.

From Cameroon sea, u will see 'sea road' easily leading to these other 2 countries.
Count Cameroon out of it though they have also increased pump price of petrol.

Cotonou to enter their fuel stations, fear go dey catch u whether Dem go attend to you as many people sell fuel in bottles ..... Some of this in Cameroon too, though Cameroon has functional fuel stations.

WOW so impressive.

obi58:


Well... I'm sure you have seen that there is no sense to your argument for subsidy removal.

Sorry, old boy, but subsidy is evil.

Now, would you sell your goods at subsidised prices to help the poor, since you are convinced subsidy good?

obi58:


Well... I'm sure you have seen that there is no sense to your argument for subsidy removal.

Will you sell your goods and services at a subsidised rate to help the poor then?

Waiting for your reply.


P.S The problem with subsidy is the differential between the production price and subsidised prices. It always grows due to inflation, people wanting better salaries, cost of doing business, etc. And it keeps growing. Another thing that causes it to grow is the increased consumptrioon

You can stop smuggling, and corruption and stealing, but the above cannot be stopped.

And selling crude in Naira? Won't help at all. All you are doing is still paying the same value....in naira.

At the end, the subsidy grows, until it eats up incoming revenue, and you have to borrow and borrow to keep up. And when that happens, problem starts.

Like now.

nairalanda1:


Chad and Niger produce crude too and the price of fuel.is just as high as ours.

Benin too has discovered crude oil

There people prefer Nigerian oil because of the subsidy