I really don't understand all this drama and saga about fuel subsidy, who imports fuel, and oil marketers?

I thought the NNPCL is 100% in charge of fuel importation ? If yes who are the oild marketers ?

My brain wan blow

Lie lie goffment

Fuel selling at about 987

jmoore:
Do we have journalists in Nigeria?

One sure way to know the cost of importing petrol is to get proforma invoice from the foreign petrol sellers. With this, we can know if subsidy is being paid or not.

Lol, that lady that claims to be an investigative journalist is only out to expose pastors and actresses.

Iro npa iro fun iro

Eke n be ke soro. Iro n paro fun ro

We understand why marketers are unable to import. We hope that they begin to do so very quickly and these are some of the interventions government is making. There is no subsidy

Smart


At this stage of dollars scarcity, marketers can't be allowed to import, else na lie to get dollars go plenty

A marketer that want to deal petrol should go buy from dangote

If price of fuel rise above 800/ltr then this government will deal with a lot of issues,the multiplier effect will be so hard on Nigerians and every sector.......

benitwater:
Honestly I don't know people's problem,NNPC that are major importer of PMS said there is nothing like subsidy but majority still believe it is a lie ,pls do you want them to start selling for #1,200? If not what's nay sayers headache?

If you are an economist, your would see the lie.

ATEAMS:
They should just sack people who are messing up the country naa ..ah ah...

You wan sack Tinubu? Dey play

Sucre7:


If you are an economist, your would see the lie.

Economist seeing doom right?

Liars

That's how they came out to deny the previous news of fuel going up to 600, now another denial.

In two days, they'll come out with a official price of #1200. Watch and see

benitwater:
Economist seeing doom right?

You would know the Fluctuating FX is supposed to determine the cost of fuel at both the depot and the filling stations. But it has been fixed between 650-670. So who is paying the difference with the rate at which the dollar is falling ?

Sucre7:


Lol, that lady that claims to be an investigative journalist is only out to expose pastors and actresses.

That's enough na

Must she investigate everything

Nigeria has gotten too many fake pastor

Ogun wan kill these marketers! I don't care if balablue or townhall is paying subsidy or not.. we can't buy fuel at 1200, the government should fix that! These same marketers are angry because they feel nnpc is importing fuel at subsidized rate and they are not getting the buck of it...

Let them buy from nnpc...

Who is saying the truth now?

Frustrated he goat u are sighted

zombieHUNTER:


The first one how did it go with yoruba Muslims.. because of their support for Buhari..They brought ethnic and tribal colouration to a good course..
Shouting Ronu.. Ronu.. upandan..
My Respect still goes to Edo people.. those guys are warriors, they'll be with you to the end of the world in times of difficulty..

Btw funny enough, No yoruba Muslim online or offline has a good thing to say about buhari today.. a man they licked his balls for eight years..

My Guy..There's no End sars 2 Happening anywhere.. As long as Tinubu is president, A Yoruba Muslim will rather starve to death than complain about bad governance..

soccerlite:


That's enough na

Must she investigate everything

Nigeria has gotten too many fake pastor

Investigative journalism is a type of journalism that involves in-depth research and reporting on a particular issue or topic. This type of journalism often involves uncovering hidden information, exposing corruption or wrongdoing, and holding powerful people and organizations accountable, not chase clouts exposing actresses and who they sleep with.

Hmmm

Na to be lieing to Nigerians

UptownVibes:
You wan sack Tinubu? Dey play

So for you mind ....

Na only Tinubu dey mess up kon3 ABI...
.
Yeye dey smell....

Abeg shiiffff

Government of denial

Subsidy is not yet fully removed, stop spreading misinformation

ATEAMS:


So for you mind ....

Na only Tinubu dey mess up kon3 ABI...
.
Yeye dey smell....

Abeg shiiffff

You see your life? You no want remove root cause of problem,na the stem you wan dey cut abi ? And you want make that problem get solution? Shay u see as your sense blike infant sense abi?

There's still subsidy take it or leave it.

Sucre7:



Investigative journalism is a type of journalism that involves in-depth research and reporting on a particular issue or topic. This type of journalism often involves uncovering hidden information, exposing corruption or wrongdoing, and holding powerful people and organizations accountable, not chase clouts exposing actresses and who they sleep with.

Cos she's not exposing corrupt politicians, she's chasing clout 😃

Two Cents on the NNPC and Nigerian Oil Quagmire:

Current Situation:

* NNPC denies clashing with oil marketers over subsidy removal.
* Conflicting information on subsidy removal: NNPC says it's gone, World Bank says it's partial, Kyari says no under-recovery payments.
* Tinubu insists subsidy removal is necessary to prevent economic collapse.

My Take:

* Transparency is key:The mixed messages from NNPC and government officials sow confusion and distrust. Clear, consistent communication is crucial to managing public expectations and ensuring smooth policy implementation.
* Gradual approach might be better:A complete and sudden removal of subsidy could be detrimental to the already struggling economy. A phased approach, with targeted support for vulnerable groups, could be more effective.
* Address underlying issues:The reliance on imported petroleum products is a major vulnerability. Investing in domestic refining capacity, diversifying energy sources, and promoting fuel efficiency are essential for long-term sustainability.
* Promote private sector participation:
NNPC should focus on its core role as a regulator and facilitator, allowing private companies to invest and compete in the oil and gas sector. This will create jobs, boost economic growth, and improve efficiency.
* Fight corruption:Allegations of corruption within NNPC and the oil sector need to be addressed effectively. This will ensure revenue from oil resources is used for the benefit of all Nigerians.

Solutions:

* Establish an independent regulatory body: This body would oversee the oil and gas sector, ensuring transparency and accountability in subsidy removal and other policy matters.
* Invest in social safety nets: Implement targeted programs to cushion the impact of subsidy removal on vulnerable groups, such as low-income households and public transport operators.
* Develop a comprehensive energy plan:
This plan should prioritize domestic refining, renewable energy sources, and energy efficiency measures to reduce reliance on imported fossil fuels.
* Promote public-private partnerships:
Encourage private sector investment in refining, exploration, and distribution to boost efficiency and attract much-needed capital.
* Strengthen anti-corruption measures: Implement robust anti-corruption mechanisms within NNPC and the oil sector to ensure transparency and accountability in revenue management.

Conclusion:

The Nigerian oil and gas industry faces complex challenges, and achieving a sustainable solution requires a multi-pronged approach. Transparency, a gradual approach to subsidy removal, addressing underlying issues, promoting private sector participation, and fighting corruption are crucial for navigating this quagmire and ensuring the oil sector benefits all Nigerians.

Remember, these are just my two cents as an oil and gas expert. The situation is complex, and there are different perspectives. I encourage you to continue researching and forming your own informed opinions.

Written by Comrade Ibrahim Aliyu
Abuja
Comradeibrahimaliyu@gmail.com

ayo2008:
Hmmm

All dis twitter conspirators

Sucre7:


You would know the Fluctuating FX is supposed to determine the cost of fuel at both the depot and the filling stations. But it has been fixed between 650-670. So who is paying the difference with the rate at which the dollar is falling ?

Stop wasting your time educating someone who is not ready to learn. And mind you that the worst illiterate is the educated illiterate. They are many here on nairaland. Meanwhile here is today's price,
A.G.O-#945
D.P.K-#1150
P.M.S-#622. If there is no subsidy, there's no way DPK will be higher than PMS