nairalanda1:


They did.

The refineries did not work because the government then started selling fuel at a loss and paying a subsidy to cover the loss , and then the whole mess came in.

Once you set the price of a good or service below what it costs to produce, there would be sabotage, corruption and evil doings and wrecked production instruments. Because things need a profit to run well.

Niger is poorer than us, they produce crude and they have a working refinery because they sell fuel at a profit. Right now it is above 1000 per liter there. The army junta has not reduced the price.

Communist countries used to subsidize food. The result? Long queues and massive scarcity of products. Then they dumped the subsidy.

Ikaeniyan0:
What do some of you people want sef? Government no subsidize, una go wail

Government is subsidizing, una don start to dey wail again

nairalanda1:


Subsidy is one of the things contributing to our debt. And since politicans make the decision to keep subsidy and have done so since 1999, it is still their fault

( Other things that keep us in debt is the fluctuations in oil price, import dependency and massive looting and corruption. Failure to diversify the economy worsens the matter).


If we had kept petrol at N65 since 2011, by now subsidy costs would have been running between 900 to 1000 per liter, up from 34 naira in Dec 2011. And we would have been paying for the thing from other parts of the budget.

Nothing like cheap fuel

nairalanda1:



Buhari did EXACTLY what Tinubu is doing now. And both of them did what EVERY NIGERIAN LEADER has done in the name of subsidy since 1973.

Sell petrol at a loss, and pay a subsidy that cannot cover the loss long term without us running into debt.

You guys, and the Tinubu guys do not see it, because you think you can buy something that costs N100 at N1.

Anyway, enjoy your subsidy. At the end, all of you Nigerians, you are the same. You want cheap fuel.

If we sold fuel today at the N145 it was under Buhari, we would be paying N800 per liter as subsidy by now. Is that sustainable, oga?

If we sold fuel today at the N87 it was under GEJ, we would be paying N900 or more per liter as subsidy now. Is that sustainable?

Tinubu=Buhari-=GEJ=Obj=Yaradua=army.

We dey pay too much for this cheap fuel.


Indeed, if you think that Buhari is better than Tinubu, you don't have any awareness of how much debt subsidy has plunged our economy into, apart from the other causes of our debt, corruption included.

The honest truth is, we have paid too much for cheap fuel. And for tinubu to bring back cheap fuel, it shows that his government has decided to return to one more failed government policy.

Well, let's keep lying to ourselves. Niger and Ghana buy fuel above N900 per liter...and BOTH HAVE WORKING REFINERIES. No subsidy, working refineries. The income we earn from oil is too low for us to pay for subsides and pay for good refineries. Not when we produce less than Libya....for a population twenty times the size of Libya/

Nwodosis:
Tinubu built Lagos, he will definitely build Nigeria, he only need our little patient and supportive hands. This is first time we are blessed with a First Class graduate as a Presisdent!

nairalanda1:



Buhari did EXACTLY what Tinubu is doing now. And both of them did what EVERY NIGERIAN LEADER has done in the name of subsidy since 1973.

Sell petrol at a loss, and pay a subsidy that cannot cover the loss long term without us running into debt.

You guys, and the Tinubu guys do not see it, because you think you can buy something that costs N100 at N1.

Anyway, enjoy your subsidy. At the end, all of you Nigerians, you are the same. You want cheap fuel.

If we sold fuel today at the N145 it was under Buhari, we would be paying N800 per liter as subsidy by now. Is that sustainable, oga?

If we sold fuel today at the N87 it was under GEJ, we would be paying N900 or more per liter as subsidy now. Is that sustainable?

Tinubu=Buhari-=GEJ=Obj=Yaradua=army.

We dey pay too much for this cheap fuel.


Indeed, if you think that Buhari is better than Tinubu, you don't have any awareness of how much debt subsidy has plunged our economy into, apart from the other causes of our debt, corruption included.

The honest truth is, we have paid too much for cheap fuel. And for tinubu to bring back cheap fuel, it shows that his government has decided to return to one more failed government policy.

Well, let's keep lying to ourselves. Niger and Ghana buy fuel above N900 per liter...and BOTH HAVE WORKING REFINERIES. No subsidy, working refineries. The income we earn from oil is too low for us to pay for subsides and pay for good refineries. Not when we produce less than Libya....for a population twenty times the size of Libya/

nairalanda1:
At the end of the day, the APC government was always in support of subsidy.

Nigeria cannot afford subsidy again. If we had kept subsidy since May 29, and fuel remained at N195, by now, subsidy costs would have risen drastically, and government would have either been taking loans from other parts of the budget to pay for the subsidy, or taken more loans, or declare force maejure, and the market would end up having scarcity.

We keep making the same mistake every time, all in the name of cheap fuel

THERE IS NO SUCH THING AS CHEAP FUEL. Fuel costs money to produce. But because we want the poor to breathe, we use tomorrow's money to pay yesterday's costs.

Ah well, everyone should be 'happy' now.

Don't complain when the debt rises, and when we don't have refineries again.



(Yeah, like it makes sense to sell fuel at N617 when it costs N900 in reality. Apparently believing that it is wrong to sell fuel at a loss means you are an oppressor, and hate Nigerians. Well, anyone quoting me to tell me that I am wrong....WOULD YOU sell your goods at a loss to let the poor breathe? )

Am out. .

Nwodosis:
Tinubu built Lagos, he will definitely build Nigeria, he only need our little patient and supportive hands. This is first time we are blessed with a First Class graduate as a Presisdent!

happney65:
On the eve of his inaguration,I told people Bulabalu will be actually worst than Buhari. His supporters came for me

Here you have it. Orun ya bo,ki shey ejo enikan..

nairalanda1:
At the end of the day, the APC government was always in support of subsidy.

Nigeria cannot afford subsidy again. If we had kept subsidy since May 29, and fuel remained at N195, by now, subsidy costs would have risen drastically, and government would have either been taking loans from other parts of the budget to pay for the subsidy, or taken more loans, or declare force maejure, and the market would end up having scarcity.

We keep making the same mistake every time, all in the name of cheap fuel

THERE IS NO SUCH THING AS CHEAP FUEL. Fuel costs money to produce. But because we want the poor to breathe, we use tomorrow's money to pay yesterday's costs.

Ah well, everyone should be 'happy' now.

Don't complain when the debt rises, and when we don't have refineries again.



(Yeah, like it makes sense to sell fuel at N617 when it costs N900 in reality. Apparently believing that it is wrong to sell fuel at a loss means you are an oppressor, and hate Nigerians. Well, anyone quoting me to tell me that I am wrong....WOULD YOU sell your goods at a loss to let the poor breathe? )

Am out. .

adenigga:


Source: https://punchng.com/FG-may-pay-N1.68tn-fuel-subsidy-marketers-forecast-N900/litre

Ikaeniyan0:
What do some of you people want sef? Government no subsidize, una go wail

Government is subsidizing, una don start to dey wail again

Abovebest:


It's like some of you are mad
Fuel was around 200 when they said, they've removed subsidy, now fuel is 617 and they're now claiming to return subsidy not for the price to go back to below 200 but to remain at 600 plus

Which kind of madness is that

Ikaeniyan0:
The problem with some of you is that, you're dumb but think you're clever

If the landing price of a litre of petrol is #900, when petrol was #200, government will have to pay #700 as subsidy, now that's like #650, Government will only have to pay #250 as subsidy.

Can you see you're very dumb?

Rayban25:


Funny enough Nigerians will still go about their normal lives. You will still see traffic on the road even with this price that is what is giving them liver to keep increasing it. Nigerians are mentally not ok upstairs

Rayban25:


Shut up akuko.

You go explain tire

Ikaeniyan0:
You're not intelligent, so am not surprise

I won't be shock if you still rely on your parents.

Rayban25:


Either you cant read or you're just being a mischievous fool. Government is subsidizing yet it's to hit 900 per liter?

You didnt suck breast milk when you were a baby na why your brain no dey stick together.

nairalanda1:


Subsidy is one of the things contributing to our debt. And since politicans make the decision to keep subsidy and have done so since 1999, it is still their fault

( Other things that keep us in debt is the fluctuations in oil price, import dependency and massive looting and corruption. Failure to diversify the economy worsens the matter).


If we had kept petrol at N65 since 2011, by now subsidy costs would have been running between 900 to 1000 per liter, up from 34 naira in Dec 2011. And we would have been paying for the thing from other parts of the budget.

Nothing like cheap fuel

nairalanda1:
At the end of the day, the APC government was always in support of subsidy.

Nigeria cannot afford subsidy again. If we had kept subsidy since May 29, and fuel remained at N195, by now, subsidy costs would have risen drastically, and government would have either been taking loans from other parts of the budget to pay for the subsidy, or taken more loans, or declare force maejure, and the market would end up having scarcity.

We keep making the same mistake every time, all in the name of cheap fuel

THERE IS NO SUCH THING AS CHEAP FUEL. Fuel costs money to produce. But because we want the poor to breathe, we use tomorrow's money to pay yesterday's costs.

Ah well, everyone should be 'happy' now.

Don't complain when the debt rises, and when we don't have refineries again.



(Yeah, like it makes sense to sell fuel at N617 when it costs N900 in reality. Apparently believing that it is wrong to sell fuel at a loss means you are an oppressor, and hate Nigerians. Well, anyone quoting me to tell me that I am wrong....WOULD YOU sell your goods at a loss to let the poor breathe? )

Am out. .

nairalanda1:
At the end of the day, the APC government was always in support of subsidy.

Nigeria cannot afford subsidy again. If we had kept subsidy since May 29, and fuel remained at N195, by now, subsidy costs would have risen drastically, and government would have either been taking loans from other parts of the budget to pay for the subsidy, or taken more loans, or declare force maejure, and the market would end up having scarcity.

We keep making the same mistake every time, all in the name of cheap fuel

THERE IS NO SUCH THING AS CHEAP FUEL. Fuel costs money to produce. But because we want the poor to breathe, we use tomorrow's money to pay yesterday's costs.

Ah well, everyone should be 'happy' now.

Don't complain when the debt rises, and when we don't have refineries again.



(Yeah, like it makes sense to sell fuel at N617 when it costs N900 in reality. Apparently believing that it is wrong to sell fuel at a loss means you are an oppressor, and hate Nigerians. Well, anyone quoting me to tell me that I am wrong....WOULD YOU sell your goods at a loss to let the poor breathe? )

Am out. .

nairalanda1:
At the end of the day, the APC government was always in support of subsidy.

Nigeria cannot afford subsidy again. If we had kept subsidy since May 29, and fuel remained at N195, by now, subsidy costs would have risen drastically, and government would have either been taking loans from other parts of the budget to pay for the subsidy, or taken more loans, or declare force maejure, and the market would end up having scarcity.

We keep making the same mistake every time, all in the name of cheap fuel

THERE IS NO SUCH THING AS CHEAP FUEL. Fuel costs money to produce. But because we want the poor to breathe, we use tomorrow's money to pay yesterday's costs.

Ah well, everyone should be 'happy' now.

Don't complain when the debt rises, and when we don't have refineries again.



(Yeah, like it makes sense to sell fuel at N617 when it costs N900 in reality. Apparently believing that it is wrong to sell fuel at a loss means you are an oppressor, and hate Nigerians. Well, anyone quoting me to tell me that I am wrong....WOULD YOU sell your goods at a loss to let the poor breathe? )

Am out. .

COMPAQ:


So we should not live again because petrol prices increase abi? We shouldn't go to work? We shouldn't go to the hospital if sick? We shouldn't go to the market to buy food? We should all just stay at home abi?

nairalanda1:


A working dangote refinery does not mean cheap fuel.

Profit must be made for the refinery to work.

Psalmistproject:
Buhari I'm really sorry for calling you clueless.

Now I understand that the problem all along was tinubu. He was the national leader of the party all through buharis regime and deceived his gullible urchins that he will do things in two ways:

Continue wer buhari stopped

Improve on buharis achievement

Tinubu has been the brain behind and has presided over the economic misfortune of this country right from buharis first tenure.