OLOKOESHIN:

Mr Negative

Mr positive that sleeps hungry

nairalanda1:


He will sell fuel in naira. He may also buy crude to refine into petrol in naira.

I repeat, Gullible Nigerians. The guy (Dangote) will rather make profit and sell petrol at Dollar rate and international market rate. He is a business man after all.

Flets:
And lest we forget

1. 7.5% VAT on diesel
2. Fuel subsidy removed
3. Electricity tariff hiked
4. University tuition increased to 400K+
5. Naira devalued
6. Same old politicians lined up to continue the looting

While
7. FG Votes ₦24 Billion For 10th NASS Members’ Accommodation
8. Elected Politicians, Judges Set To Get 114% Salary Raise

Anybody still in doubt should have all their doubts cleared at this time. All of the policies so far is to make more money available for looting ….. the Nigerian masses are not part of the plan. Tinubu’s game is to ensure the poor masses subsidize the political class. This is his style of political leadership.

The only solution is Nigerians must shun tribalism and religion and hold these politicians responsible. Or else we will all die.

The citizens are the one to make sacrifice for a better Nigeria but not our political office holders. They're making mockery of the leadership by example old cliché.

Zonebs and their lives eeh....

Wawelexy:
Subsidy removal will eventually be favourable to Nigerians, especially when the Dangote refinery begins full production... Nothing good comes easy. I support Tinubu on this one

Nothing good comes easy but politicians are getting it easier with increasing emoluments and remuneration while the masses are getting more impoverished.

That's the administration you voted for right? No reduction in cost of governance but reduction in citizens welfare

When Dem go still thief the money

crazygod:

I repeat, Gullible Nigerians. The guy (Dangote) will rather make profit and sell petrol at Dollar rate. He is a business man after all.

Oga, if you were a businessman, do you expect to sell at a profit, or at a loss?

The refinery needs to make a profit so that Dangote has money to pay for refinery maintenance (remember government is not paying his maintenance costs), pay staff a super competitive salary (remember the staff all expect to be paid good and better salaries, or they jakpa) and pay taxes (which government would raise...see how Kogi is running after Dangote for tax on his cememt factory) and so on and so forth.

Simple economics...profits must be made. Disobeying the simple rules of economics is why NNPC lost its 4 refineries, why they are thtowing away millions on maintaing the refineries, and why we are importing fuel from aborad.


If you don't like it, you can go into politics, change the system, and force Dangote to sell fuel at N10 a liter.

OLOKOESHIN:

Mr Negative

Propaganda won't reduce tuition fees, won't reduce the cost of foodstuffs neither will it reduce the cost of governance wherein your politicians live off the earnings of the masses

"Renewed hope for politicians"

"Renewed shege for the masses."

#copied

OLOKOESHIN:

Mr Negative

People like you na proper mumu

Where is the lie in the writeup?

Was the reality of life too negative for you that you chose to give yourself positive schizophrenia in order to avoid the truth?

Akwamkpuruamu:


Propaganda won't reduce tuition fees, won't reduce the cost of foodstuffs neither will it reduce the cost of governance wherein your politicians live off the earnings of the masses

On the other hand, keeping subsidy would mean that we end up spending all our oil revenue, plus loans , plus more loans on making up the difference bettwen the actual cost of fuel, and the subsidised price.

And when we reach that point, we would be so broke, that if you think you are suffering now, we would be in an even worse state then.

nairalanda1:


Oga, if you were a businessman, do you expect to sell at a profit, or at a loss?

The refinery needs to make a profit so that Dangote has money to pay for refinery maintenance (remember government is not paying his maintenance costs), pay staff a super competitive salary (remember the staff all expect to be paid good and better salaries, or they jakpa) and pay taxes (which government would raise...see how Kogi is running after Dangote for tax on his cememt factory) and so on and so forth.

Simple economics...profits must be made. Disobeying the simple rules of economics is why NNPC lost its 4 refineries, why they are thtowing away millions on maintaing the refineries, and why we are importing fuel from aborad.


If you don't like it, you can go into politics, change the system, and force Dangote to sell fuel at N10 a liter.

Are you sure you meant to quote me? Because you just contradicted the reason why I quoted you. Is Nigeria the only country buying petrol? He can decide to export his petrol to neighbouring countries that will buy at the price he is setting. You talked about Economics, well Dangote refinery will become a monopoly..... Meaning he will be a price giver. If he decides to sell in dollars, who are you to question him?

crazygod:

Are you sure you meant to quote me?

Are you still eating lasagna every night?

nairalanda1:


On the other hand, keeping subsidy would mean that we end up spending all our oil revenue, plus loans , plus more loans on making up the difference bettwen the actual cost of fuel, and the subsidised price.

And when we reach that point, we would be so broke, that if you think you are suffering now, we would be in an even worse state then.

Reducing the cost of governance, plugging financial loopholes and cutting corruption decisively, getting the accurate daily consumption of pms in Nigeria, will make us save enough that borrowing will be so minimized

Guyman01:
So much talk with no substance, its like people from SW region of the country likes talking and talking to convince you that your suffering is justified.

While those from the SE will simply tell you that they are suffering and that you are not adding value to their lives, I never saw them praise Ikpeazu like Aregbesola was praised and Buhari gave him ministerial appointment for 8 years, even Orji Uzor Kalu had to cry in public when his people refused to support him to become Senate President because of his previous failure when he was governor.

The core north have already accepted poverty as long as its coated in religion.

The half imbe below me spent 8 years using this platform to do sycophancy for Buhari and calling him 'darling daddy' he has moved to Buhari and I have observed that Tinubu supporters on this platform don't even want him in their camp and he has been doing Attaché By Force.

I second this

nairalanda1:


Are you still eating lasagna every night?

Sorry. I eat Garri and groundnut. Way more nutritious than your lasagna.

The cabals in the corridors of power are still in charge

Akwamkpuruamu:


Reducing the cost of governance, plugging financial loopholes and cutting corruption decisively, getting the accurate daily consumption of pms in Nigeria, will make us save enough that borrowing will be so minimized

Yes, you are very very right.

But you see, the problem with subsidy is simple....the cost of subsidy rises year in and year out with the rise in the cost of producing oil.

So, the more and more the cost of subsidy rises, the more we spend of our oil revenue. That has an impact on our budget, and that creates a deficit...a hole...that can be filled up by loans. (One of several reasons why we take loans).

At the end, subsidy cost is higher than revenue. At that point prices have to rise to cut the cost of subsidy...or it has to go completely. We have been raising prices to cut the cost of subsidy since the 1970's. It is now we are removing it because Nigeria is approaching danger level...where subsidy costs outstrip revenue from oil.

When that happens...we quite literally run out of money.

If you think it is bad now, imagine the coffers completely bone dry...and we still have to pay for subsidy.

crazygod:

Sorry. I eat Garri and groundnut. Way more nutritious than your lasagna.

No, you eat caviar actually.

Keytruth:
Most people are concerned that the money recovered from subsidy will still be stolen. That's the biggest issue here.

No money lost before

It gives the executive more money to spend instead of borrowing it

The legislature are already receiving theirs

Allocation sharing will improve too

nairalanda1:


He may be, but let's be honest, years and years of being let down by politicans has made him negative.

Can't blame him.

ask him the subsidy they remove from diesel and kerosene what did they use it for?

Keytruth:
Most people are concerned that the money recovered from subsidy will still be stolen. That's the biggest issue here.

Precisely....the elephant in the room.

post=123946910:
Anything to move our Darling country forward is all we want at [b][/b].

It is important to note that the process of subsidy removal will be accompanied by measures to mitigate the impact on the most vulnerable segments of society.
These will take the form of targeted cash transfers, investment in social welfare programs, and the promotion of renewable energy that can help alleviate the burden and create a more equitable transition.

Such moves are already underway; the enhancement of the local refining capacity will reduce reliance on imported petroleum products and mitigate the impact of fluctuating global oil prices.

Slow and steady we will get to the nations of our dreams , whether the evil ones like it or not.

Nigeria will be great in our lifetime.
God bless all sane, honest and hardworking Nigerians.

See this one, your former darling daddy bubu messed up the country and bala blu bulaba vowed to continue where bubu stopped...renewed hopelessness...

Guyman01:
So much talk with no substance, its like people from SW region of the country likes talking and talking to convince you that your suffering is justified.

While those from the SE will simply tell you that they are suffering and that you are not adding value to their lives, I never saw them praise Ikpeazu like Aregbesola was praised and Buhari gave him ministerial appointment for 8 years, even Orji Uzor Kalu had to cry in public when his people refused to support him to become Senate President because of his previous failure when he was governor.

The core north have already accepted poverty as long as its coated in religion.

The half imbe below me spent 8 years using this platform to do sycophancy for Buhari and calling him 'darling daddy' he has moved to Buhari and I have observed that Tinubu supporters on this platform don't even want him in their camp and he has been doing Attaché By Force.

Thumbs up

Innomama7:
ask him the subsidy they remove from diesel and kerosene what did they use it for?

To pay for fuel subsides , you know.

If they were not removed in 2013, by now our total subsidy cost for this year would be somewhere around 6-10 trillion naira for the first 6 months..if not more. We would be paying all our oil earnings, plus loans to pay for the subsidy.

Asking me rhetroical questions does not change that fact. There is a good reason why GEJ removed subsidies on kerosene and diesel...by 2011, subsidies on diesel and kerosene plus petrol were eating over 60% of our total revenue for that year.

nairalanda1:


He will sell fuel in naira. He may also buy crude to refine into petrol in naira.

Hahahaha, you have no clue.

The NNPC/ Dangote refinery agreement is there in the open. Crude will be sold to Dangote at the prevalent global market price in USD while refined product price will follow global prices at the prevalent exchange rate.

Dangote ain’t giving you any cheap pms. You will only save shipping cost but Tinubu already plans to reintroduce that cost to Nigerians through taxes.

Do your research

Guyman01:
So much talk with no substance, its like people from SW region of the country likes talking and talking to convince you that your suffering is justified.

While those from the SE will simply tell you that they are suffering and that you are not adding value to their lives, I never saw them praise Ikpeazu like Aregbesola was praised and Buhari gave him ministerial appointment for 8 years, even Orji Uzor Kalu had to cry in public when his people refused to support him to become Senate President because of his previous failure when he was governor.

The core north have already accepted poverty as long as its coated in religion.

The half imbe below me spent 8 years using this platform to do sycophancy for Buhari and calling him 'darling daddy' he has moved to Buhari and I have observed that Tinubu supporters on this platform don't even want him in their camp and he has been doing Attaché By Force.

He's an Osinbajo lapdog. The Tinubu goons don't give a flying Bleep about him. He's presently jobless

Flets:


Hahahaha, you have no clue.

The NNPC/ Dangote refinery agreement is there in the open. Crude will be sold to Dangote at the prevalent global market price in USD while refined product price will follow global prices at the prevalent exchange rate.

Dangote ain’t giving you any cheap pms. You will only save shipping cost but Tinubu already plans to reintroduce that cost to Nigerians through taxes.

Do your research

Thanks, I already know all that.

There is some discussion about selling to Dangote in naira....the naira equivalent of what the international price of crude oil is at that time.

It won't lead to a reduction in fuel prices, and I don't expect it to. After all, it is business. People have to make money (the last time price controls across the board were tried...in former communist countries...they all collapsed, or became capitalist. North Korea is the only country where price controls are a way of life, and the black market there thrives. People love to make money...rule no 1 of human beings)

And fuel costs money to produce......expecting cheap fuel is like me dreaming that I married the last 5 winners of Miss Universe last week. Refining, transporting, etc, e dey cost money well well.

Even with the subsidy, we were still paying high prices. In the form of loans and more loans.

The salaries you guys are paying is already long obsolete and outdated

Please review salaries upward by atleast 200% in tune with the present realities of today

In the next 6 months we will know if the president has done well or not.