Alayiwola:
You people don't understand,this subsidy issue.
This is how they do it.. All PMS are imported by NNPC.. Marketers buy from NNPC at certain rate. Subsidized by government.
So for now.. No marketer have been given license to import PMS.. They are still buying from NNPC at a rate without subsidy.
The issue marketer have now is something they are buying around 160naira from NNPC is now over 400naira so they Ned more money to buy.
So there's no way a marketer gain from subsidy directly.. Subsidy can only be stolen by NNPC. Which they've been doing.
The scanner is not Marketer it's NNPC

The Nigeria government subsidy PMS products bought by marketers from NNPC is been taken to neighbouring countries to sell at huge amount. The marketers makes huge money over the year from Nigeria government subsidies PMS products .

Typical Nigerian business men... They made so much fraudulent money through subsidy but didn't save more... They ate everything, bought houses overseas, big cars etc

Now they can't raise 5billion

They've start killing the market so that Dangote can take control

Selling Petrol is supposed to be a private business.

They should do what other businesses do when the price of things go high.

Get a loan.

BossGerald:


Look how its easy for you to type...


Why you never merge your 30k monthly BAT and RAT stipend with Helinues and Co?? You'll rather create multiple moniker here.

e pain am

These marketers are shameless liars and only interested in their own selfish interest. They claim to buy a 33,000-litre tank for ₦21m or more. How much are they now discharging per litre at the filling station. Unintelligent liars.

The real business people will be separated from subsidy collectors...gradually.

They sold old stock at new price, they should be able to afford whatever is charged.

It is now we understand that there was a subsidy

And they were claiming subsidy

from this story,if it is true, I think the Nigerian president is taking very good economic decisions and I hope he is aware that he must be strong to persevere.

I wish him all the luck and heavenly guidance.

I don't understand how business runs in Nigeria.
U were making money for many many years using the old petrol price.

Suddenly things change, now u claim u cannot afford to restock.


Where all the profit money u make since the last 5 years?


Liars.

olatade:
Removal of subsidy has come to stay.

No more free cash for marketers.

But NNPC was the sole importer for almost 7 years who are the importer and marketers Government where paying subsidy too

otokx:
They sold old stock at new price, they should be able to afford whatever is charged.

Exactly my point.
Add that to the profits thevv been making at the former price they shud be able to pull thru.

They just lying.

ManirBK:
very soon the real marketers will be known God bless our president Tinubu God bless Nigeria

No God will bless a weak & cowardly man who couldn't fight corruption and those perpetrating it but chose to transfer the burden to the innocent masses.

Parachoko:
The small firms should merge and work together like some of the banks did

Don't mind them, they want to tell us they don't know what to do now but they knew how to bribe custom officer when they want to send our subsidized fuel to Benin republic and other neighbouring countries

koladata:
2012 is different from 2023. many things has changed generally in the world

Bros this excuse is quite lame. I support Tinubu's removal but he owes Jonathan GCFR and Nigerians at large an apology for the 2012 protest when he knew next to nothing about subsidy or chose to play politics with it.

With all the 550/litre we are buying fuel these marketers cannot raise the needed funds? All dagbo marketers will be out of business. Bloody mofos

Ikea81:
So they were not saving from the corrupt subsidy and illegal export they have been enjoying

Which illegal export and corrupt subsidy were they enjoying?

What and who made subsidy corrupt?

Ellasure:
from this story,if it is true, I think the Nigerian president is taking very good economic decisions and I hope he is aware that he must be strong to persevere.

I wish him all the luck and heavenly guidance.

What is good about his decision?

Probably for the better. Petrol stations have become an all comers affair with independents cutting corners and reducing safety in the industry.

NNPC, pls remove the bottlenecks and allow Nigerians to breath. Corruption will not allow Nigeria to survive.

sinanaira:


The Nigeria government subsidy PMS products bought by marketers from NNPC is been taken to neighbouring countries to sell at huge amount. The marketers makes huge money over the year from Nigeria government subsidies PMS products .

How do marketers take product to neighboring countries? Can you explain the process?

How much do marketers buy from nnpc?

id4sho:
Previous profit B4

Most Nigerian big businesses are run with government funds. Tinubu don choke all of them, let boys get out and allow men run the business.

Why didn't he choke The Nation and TVC

Parachoko:
The small firms should merge and work together like some of the banks did

Says the chief economist, Agbado Enterprises

adioolayi:
Are they not the ones that promised Nigeria 50-100 CNG buses valued at same 10Billion naira

Did Nigerians ask them where they will get such monies before a round of applause and all the hailing?

Those of you hailing tinubu for removing fuel subsidy, how have you been coping with the high prices of commodities? Have you been receiving manners from aso rock? So unah dey use empty belle dey hail tinubu, while tinubu dey enjoy for aso rock and you're dying of hunger... ...if my comment touch you abeg make you no vex

lagostrendboy:


https://punchng.com/marketers-struggle-to-raise-n10bn-for-new-petrol-orders/

BossGerald:


Look how its easy for you to type...


Why you never merge your 30k monthly BAT and RAT stipend with Helinues and Co?? You'll rather create multiple moniker here.

Fatality dem don use am chop corn

Parachoko:
The small firms should merge and work together like some of the banks did

You're smart. That's actually the underground plan right now. Merged purchases but some will fallout soon

nairalanda1:
It is now we understand that there was a subsidy

“Many depot owners would not be able to access funds because banks are skeptical of granting loans to the downstream sector,” a source added.

The pump price of petrol, which was between N179 and N200 per litre before subsidy removal, has skyrocketed to over N500 per litre after the President’s pronouncement.

Oyebanji told The PUNCH that many smaller firms in the downstream sector would be forced to shut down operations and may be bought over by bigger ones due to their inability to meet up with the huge financial obligations to secure new products from the NNPCL

Your beloved marketers are also struggling instead of getting the "investments" you touted will happen with the removal of subsidy

Reference:


Did Nigerians ask them where they will get such monies before a round of applause and all the hailing?

Besides, why will they supply Nigerians buses that use CNG when they sell petrol?
How does that make sense