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Fuel Scarcity Persists In Nigeria Almost One Year After Subsidy Removal - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Fuel Scarcity Persists In Nigeria Almost One Year After Subsidy Removal (8576 Views)

What Might Happen To Nigeria Currency After Subsidy Removal? / Anger Persists In Rivers As Wike Reviews Next Action / Fuel Sells For N400/litre In Abuja, Others, Scarcity Persists In Lagos (2) (3) (4)

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Re: Fuel Scarcity Persists In Nigeria Almost One Year After Subsidy Removal by RapportNaija(m): 12:22pm On Apr 26
Naija, which way?
Re: Fuel Scarcity Persists In Nigeria Almost One Year After Subsidy Removal by AskNgige2: 12:28pm On Apr 26
KingRex1:
It's simple. Oil marketers aren't buying much cus Dangote will soon flood the market with supplies at lower rate.

Don't trust Dangote even if he takes over..
Remember he sell of his products cheaper other countries but higher in Nigeria..
Dangote is a greedy
Re: Fuel Scarcity Persists In Nigeria Almost One Year After Subsidy Removal by AskNgige2: 12:29pm On Apr 26
Hier:


We just have to keep hoping ooooo bro

Revolution is the only solution..

1 Like

Re: Fuel Scarcity Persists In Nigeria Almost One Year After Subsidy Removal by Advision: 12:32pm On Apr 26
I think the government is trying to get the local price of fuel up to international prices so Dangote can supply the local market.

Dangote will not supply the local market at a loss

3 Likes

Re: Fuel Scarcity Persists In Nigeria Almost One Year After Subsidy Removal by 007kjb: 12:33pm On Apr 26
RealEmilokan:


Really...? How slaves now make excuses for their masters horrendous failures. Too bad!

E TIRE ME BRO
Re: Fuel Scarcity Persists In Nigeria Almost One Year After Subsidy Removal by Advision: 12:33pm On Apr 26
KingRex1:
It's simple. Oil marketers aren't buying much cus Dangote will soon flood the market with supplies at lower rate.

Current price is below international rate, so Dangote will not be supplying the market until prices go up.

1 Like

Re: Fuel Scarcity Persists In Nigeria Almost One Year After Subsidy Removal by LookingFORtroja: 12:39pm On Apr 26
Becoted001:
Make una no worry NIgeria will be great
😂😂😂😂
Re: Fuel Scarcity Persists In Nigeria Almost One Year After Subsidy Removal by jaxxy(m): 12:40pm On Apr 26
Removal of subsidy? That was a scam
Re: Fuel Scarcity Persists In Nigeria Almost One Year After Subsidy Removal by israelmao(m): 12:40pm On Apr 26
This nation began to nosedive as soon as most Nigerians made up their minds to vote for Buhari in 2015.

4 Likes

Re: Fuel Scarcity Persists In Nigeria Almost One Year After Subsidy Removal by wiseoneking: 12:41pm On Apr 26
Becoted001:
Make una no worry NIgeria will be great
This was spoken by your immediate paddy and here you are with his grand children shouting thesame slogan. I t will never be great by your mere wishes. You got to stand with the people that has seen the rot, unfortunately they are the you hated most.

1 Like

Re: Fuel Scarcity Persists In Nigeria Almost One Year After Subsidy Removal by onyxo76(m): 12:50pm On Apr 26
The way I see it is that diseal is fully deregulated hence dangote wanting to supply diseal, but petrol is still having some subsidy on it hence dangote supplying petrol will make him lose money as he can only profit if petrol is sold at international prices.

1 Like

Re: Fuel Scarcity Persists In Nigeria Almost One Year After Subsidy Removal by cyberguy72(m): 12:55pm On Apr 26
KingRex1:
It's simple. Oil marketers aren't buying much cus Dangote will soon flood the market with supplies at lower rate.
lies
Re: Fuel Scarcity Persists In Nigeria Almost One Year After Subsidy Removal by cyberguy72(m): 12:56pm On Apr 26
KingRex1:
It's simple. Oil marketers aren't buying much cus Dangote will soon flood the market with supplies at lower rate.
lies.... Are they not buying to sell... Wud they be hoarding the full??
Re: Fuel Scarcity Persists In Nigeria Almost One Year After Subsidy Removal by Willie2015: 1:01pm On Apr 26
[quote author=Akwamkpuruamu post=129644571]Nonsense policy of fuel subsidy removal. Zero benefit to the common man but for political elites to have more disposable income [/quot

Economic policies dont work in Nigeria....
Because of corruption...
cheesy

1 Like

Re: Fuel Scarcity Persists In Nigeria Almost One Year After Subsidy Removal by IbeOkehie: 1:05pm On Apr 26
Fuel subsidy was not removed. The government is STILL paying subsidy on petrol and probably other fuels. Government simply raised prices.

Electricity was not privatized. Naira has NEVER been floated, not even once in Nigerian history. Government regulation of naira value translates to regulation of ALL PRICES in Nigeria. Regulation of prices suppresses productivity. Understand this and everything starts making sense. Yes, it's that simple.

Nigeria is a SOCIALIST country, that's why there's SCARCITY of fuel, forex, university education, electricity, gas and also rampant INFLATION.

Make una rest abeg. Government is still paying fuel subsidy. Scarcity will end when Nigerians start paying FULL PRICE for their fuel.

Good Luck to Nigeria.

4 Likes 3 Shares

Re: Fuel Scarcity Persists In Nigeria Almost One Year After Subsidy Removal by Greattha: 1:07pm On Apr 26
One would've thought the reverse would be the case but nooooo.
Re: Fuel Scarcity Persists In Nigeria Almost One Year After Subsidy Removal by Kukutenla: 1:38pm On Apr 26
nairalanda1:
Subsidy has not gone. It is still being paid. That is why there is fuel scarcity.

Partial removal masquerading as full removal..lol.
Learn to keep quiet if you don't know
The scarcity is due to tanker drivers who want to increase fares due to diesel cost
Re: Fuel Scarcity Persists In Nigeria Almost One Year After Subsidy Removal by nairalanda1(m): 2:05pm On Apr 26
Kukutenla:

Learn to keep quiet if you don't know
The scarcity is due to tanker drivers who want to increase fares due to diesel cost

Subsidy has not yet gone. You can join apc in denying it.

Also subsidy removal and removal of price controls would solve that problem you mentioned. No price controls, enough profit to cover all issues.

1 Like

Re: Fuel Scarcity Persists In Nigeria Almost One Year After Subsidy Removal by flipdat(m): 2:10pm On Apr 26
OluwasureGig:
Why can’t they just divide this country
Oil, certain geopolitical zones will crumble

1 Like

Re: Fuel Scarcity Persists In Nigeria Almost One Year After Subsidy Removal by IbeOkehie: 2:25pm On Apr 26
Kukutenla:

Learn to keep quiet if you don't know
The scarcity is due to tanker drivers who want to increase fares due to diesel cost

The world price of PETROL today, right now, is around $0.75 = ₦1008 per liter. You can go on any market site and check or call any refinery anywhere in the world.

If this is NOT the common, regular price paid at petrol stations in Nigeria, that means government is manipulating price somehow. Given that NNPC is the ONLY supplier of petrol to Nigeria today and they're selling below ₦1000, well there you are.

Good Luck to Nigeria

4 Likes 3 Shares

Re: Fuel Scarcity Persists In Nigeria Almost One Year After Subsidy Removal by bemeruca: 2:35pm On Apr 26
For all the haters of GEJ, how is it going?

1 Like

Re: Fuel Scarcity Persists In Nigeria Almost One Year After Subsidy Removal by RepoMan007: 2:40pm On Apr 26
When this dude was in legos and Buhari in Abuja, everything seem easy and he was always showing zeal. Worse was under GEJ when he was always writing useless theoretical articles about solutions and best practices.
Re: Fuel Scarcity Persists In Nigeria Almost One Year After Subsidy Removal by Confirm4real(m): 2:41pm On Apr 26
tongue

1 Like

Re: Fuel Scarcity Persists In Nigeria Almost One Year After Subsidy Removal by NekkyJay(f): 3:00pm On Apr 26
It will clear from our eyes very soon.
How can the government be playing this hide and seek game and think it will last forever.
You cannot bury smoke.

1 Like

Re: Fuel Scarcity Persists In Nigeria Almost One Year After Subsidy Removal by NothingDoMe: 3:39pm On Apr 26
KingRex1:
It's simple. Oil marketers aren't buying much cus Dangote will soon flood the market with supplies at lower rate.

Imagine buying 2million litres of pms for my petrol stations at N1050 landing cost which is to last for 2months, and next month dangote is willing to sell to marketers at N550. What will happen to my unsold pms?
This is why fuel is currently scarce. Marketers are buying in little bits so as not to make loss.
To deviate, since marketers are buying in bits, why do we still have so much dollar demand, resulting in the devaluation of the Naira?

2 Likes

Re: Fuel Scarcity Persists In Nigeria Almost One Year After Subsidy Removal by Sultty(m): 3:54pm On Apr 26
IbeOkehie:
Fuel subsidy was not removed. The government is STILL paying subsidy on petrol and probably other fuels. Government simply raised prices.

Electricity was not privatized. Naira has NEVER been floated, not even once in Nigerian history. Government regulation of naira value translates to regulation of ALL PRICES in Nigeria. Regulation of prices suppresses productivity. Understand this and everything starts making sense. Yes, it's that simple.

Nigeria is a SOCIALIST country, that's why there's SCARCITY of fuel, forex, university education, electricity, gas and also rampant INFLATION.

Make una rest abeg. Government is still paying fuel subsidy. Scarcity will end when Nigerians start paying FULL PRICE for their fuel.

Good Luck to Nigeria.
concoction of lies. Where do u get these conspiracy theories from??
NothingDoMe:
To deviate, since marketers are buying in bits, why do we still have so much dollar demand, resulting in the devaluation of the Naira?
it's not fuel alone that we buy with dollars, there's education, industrial products to mention a few. Even if dangote sells in naira and exports in dollars he might not be able to sufficiently balance the need for forex. Nigeria is still a big import dependent country
Re: Fuel Scarcity Persists In Nigeria Almost One Year After Subsidy Removal by Exceed15: 3:58pm On Apr 26
What do u expect from someone who says na statistics we go chop? Tinubu all the way planned for one day election not governance.

1 Like

Re: Fuel Scarcity Persists In Nigeria Almost One Year After Subsidy Removal by onuman: 4:01pm On Apr 26
OluwasureGig:
Why can’t they just divide this country

Crude oil in the Niger delta region is what is stopping division of Nigeria into more manageable countries.

Some northern groups believe they can't survive without proceeds from crude oil. But they have urinated on Nigeria's Constitution through adoption of Islamic Sharia criminal laws.

Some people from the SW region also believe their region can't survive without proceeds from crude oil in the Niger delta region.
Re: Fuel Scarcity Persists In Nigeria Almost One Year After Subsidy Removal by nairalanda1(m): 4:26pm On Apr 26
OluwasureGig:
Why can’t they just divide this country

Because most of the new countries would be severely debt ridden and messed up little Nigerias in five to ten years. And they will fight each other for the resources. Because , division means y'all get split from the oil...yes even Biafra, because the minorities of the SS don't want to go with biafra.

And that leads me to the other point. The minorities. Most minority tribes prefer a united nigeria, because a divided Nigeria means the smaller tribes would come in to eat them up. They don;t want.

Also, the debt. IN the event of division, Nigeria's debt does not go...it would be split among the countries that come out. Ask the former nations of Yugoslavia and the USSR, what happened after they split, and why their finance ministers were called to a meeting

Plus Nigerians will suffer. South, as much as we like to brag , is not self sufficent in food. We depend on the North for food. Imagine if a border exists between us and the North. Yes, your food prices go up.

And as someone pointed out elsewhere, people are going to hoard dollars in the uncertainty...because none of you are going to trust your biafra pound, or yoruba money or auwsa money or even middle belt fed money. So, you will hoard dollars. Meaning...inflation.(That;s why biafra was using Nigerian currency until the government forced them to change their hand by changing the colors of the Nigerian pound. All of a sudden, Nigerian pounds in Biafra hands were worthless. Read novels like Sunset at Dawn by Chukuemeka Ike and the brothers war by de st jooore for the highlights of how bad it was. Biafra probably never recovered).

Nigeria is a contraption...a bad contraption. The problem is, dividing it means more palaver. We are stuck together until the oil becomes worthless or until we wake up and all become industrial...then we can split amicably like Czechoslovakia.

1 Like

Re: Fuel Scarcity Persists In Nigeria Almost One Year After Subsidy Removal by Donedeal1(m): 4:51pm On Apr 26
This scarcities has no relationship with subsidies removal.
Re: Fuel Scarcity Persists In Nigeria Almost One Year After Subsidy Removal by baralatie(m): 5:03pm On Apr 26
Na dollar dey threating supply

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