IbeOkehie:


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

Sultty:
concoction of lies. Where do u get these conspiracy theories from?? 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

nairalanda1:


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.

Kukutenla:

That does not change the fact that subsidy is not the reason for the present scarcity
And what do you mean by WORLD PRICE of PETROL

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.

OluwasureGig:
Why can’t they just divide this country

Zofan:





https://dailytimesng.com/fuel-scarcity-persists-in-nigeria-almost-one-year-after-subsidy-removal/

IbeOkehie:


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

onuman:
Nothing ever gets better in Nigeria. Everything gets worse.

Tinubu should have done his research well before announcement of removal of fuel subsidy.

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.

CodeTemplar:
before you rant about what the masses enjoy and its crippling effect on economy or govt spendings, let's take a good look at what the elites enjoy. How can states sponsor pilgrims and think the masses they love to insight against themselves when seeking power with narratives of a rich country that can always feed them wont expect to be fed in someway(subsidy)?
The FG who sees the big picture too and is suppose to go two miles before suffering the masses to go one are more wasteful than the states. They rival the states in non viability of projects, wastage, leaks, and corruption.
So how will a sane Nigerian like myself accept we can't subsidize anything, but can pay our leaders more than US and China? Or that we can shell out N90Bn at federal level alone to assist pilgrims go stone a spirit being(the devil which already resides in most of them and functions through them) in a desert environment where alcohol is allowed?
How are the masses suppose to understand the harsh conditions will be aggregated in proceeds taxes bring and used work for them?
The major projects of this admin so far, a coastal highway and economic city, was any attempt made to carry the people along, even if it is just a poll contracted out ?
You want me to trust such a wasteful govt with all the money in the world right? Nigerians are not perfect but are smart enough to protect their self interest from available information and facts they are aware of.

AskNgige2:


Revolution is the only solution..

Hier:


It's well ooooo

AskNgige2:


Bro even in the well in dutse makaranta

IbeOkehie:


The USA only started subsidies AFTER it became a rich country through applying free market principles. Now that the USA has been paying a lot of subsidies for decades, their economy is going stagnant. In fact the USA and Nigeria have EXACTLY the same problems but at different levels.

Elites everywhere NEVER lose. You can NEVER prevent them from enjoying "unfair" advantage...some get it by raw talent or effort, some via connections or inheritance, some by corruption. They can't be stopped. Trying to redistribute their wealth by taxes or subsidy simply creates POVERTY. It never works because of the human character.

Nigeria has STOLEN and distributed the wealth of the Niger Delta and other crude oil and natural gas producing communities for many decades. How far? RESULT....Poverty Capital of the World

Most importantly, Nigerians especially the university graduates, are very IGNORANT, unreasonable, entitled and hubristic. That's why they voted for a party whose leaders told them "there's nothing like fuel subsidy, fuel subsidy doesn't exist."

Fuel subsidy that has been paid since 1973!!! A subsidy that's always been one of the largest government expenditures, and people couldn't figure out the man was lying.

President Buhari that said fuel subsidy doesn't exist was Petroleum Minister in the 1970s and he negotiated fuel subsidy with the IMF as President in 1984. Just Google! And Nigerians still voted for him...very, very STUPID vote and they're getting exactly the suffering they deserve. The least Nigerians can do is NOT vote for bad leaders and then DEFEND their votes....that's democracy.

Good Luck to Nigerians

Westves:


I respect most of what you share here but the last paragraph of this tirade is uncharacteristically shallow and myopic. That aside, I have a few questions:

1) why do you imprint all your posts with "good luck to Nigerians"? Aside the fact that it'd be more ergonomic to leave it in your signature, I wonder if it is intended as a genuine or sarcastic remark. I'm inclined to believe it's the latter, which brings me to my next question

2) why do you fretfully compose impassioned posts, stay abreast, and engage in lengthy arguments over a country you've repeatedly declared as doomed and a zoo? You have made boast about cutting off all ties, so I wonder why the fuss. Shouldn't all that energy be spent on forums discussing avenues to better your naturalized nationality?

3) personally, I've wondered the reason those of you in the diaspora, touted to constitute our brightest minds, would rather shove the white man's shit quite literally, abdicating the seemingly rudimentary responsibility of fixing their homeland once and for all. So in your opinion, what is the barrier? Why is it easier and less shameful to throw stones? I mean, I don't dispute the perfection of the life you've bought overseas, or that we are worse off. But I have so many questions. Isn't that cowardice and laziness what justifies whatever shabby manner you guys are being treated in foreign lands and even our embassies? Why are you comfortable with it but come to whine online as things continue to go awry?

4) if you had omnipotent powers, is there an actionable plan of things you'd do differently? I read where you admitted not to have a solution to the primary education and health challenges. But in a more holistic sense, we have proven a gross deficit at anything in general (not just governance). But it does start with governance and cascade down. So sequel to question 3, if you were to think in terms of solutions rather than criticisms, what would you change and where would you start?

Westves:


I respect most of what you share here but the last paragraph of this tirade is uncharacteristically shallow and myopic. That aside, I have a few questions:

1) why do you imprint all your posts with "good luck to Nigerians"? Aside the fact that it'd be more ergonomic to leave it in your signature, I wonder if it is intended as a genuine or sarcastic remark. I'm inclined to believe it's the latter, which brings me to my next question

2) why do you fretfully compose impassioned posts, stay abreast, and engage in lengthy arguments over a country you've repeatedly declared as doomed and a zoo? You have made boast about cutting off all ties, so I wonder why the fuss. Shouldn't all that energy be spent on forums discussing avenues to better your naturalized nationality?

3) I wonder the reason those of you in the diaspora, touted to constitute our brightest minds, would rather shove the white man's shit (quite literally), abdicating the seemingly rudimentary responsibility of fixing their homeland once and for all. So in your opinion, what is the barrier? Why is it easier and less shameful to throw stones? I mean, I don't dispute the perfection of the life you've bought overseas, or that we are worse off. But I have so many questions. Isn't that cowardice and lazy weakling what justifies whatever shabby manner you guys are being treated in foreign lands and even our embassies? Why are you comfortable with it but come to whine online as things continue to go awry?

4) if you had omnipotent powers, is there an actionable plan of things you'd do differently? I read where you admitted not to have a solution to the primary education and health challenges. But in a more holistic sense, we have proven a gross deficit at anything in general (not just governance). But it does start with governance and cascade down. So sequel to question 3, if you were to think in terms of solutions rather than criticisms, what would you change and where would you start?

Akwamkpuruamu:
Nonsense policy of fuel subsidy removal. Zero benefit to the common man but for political elites to have more disposable income

omohayek:

Nonsense rant from an economic ignoramus. If the subsidy had truly been removed, fuel would be selling for more then N1,000 per litre and there would be no shortages, queues or hoarding. The very fact that these same old maladies are occurring is proof enough that the subsidy regime is in place, so what are you subsidy-worshippers complaining about?

grandstar:


There's a mistake I notice that several people make. It is the belief that it id hardwork or sacrifices that make their country great.

This isn't true. What makes countries prosper are down to the policies the government enacts.. They are the foundation for development and prosperity.

For Instance, the World Bank has an "Ease of Doing Business" report. This looks at how easy is it to do business in a country. Guess which companies are at the bottom: a lot of African countries.

The easier it is to do business, the better run the country would be.

For instance, in Guinea Bissau, it takes about 260 days to register a company. Compare that with Rwanda where it takes a day. During Jonathans rule, many foreign investor who were interested Investing in the country had to turn back as they found it extremely difficult to a register a company. You can imagine the billions of dollars of investment lost.

Dangote said he'd never have been able to have become as big as he is today if not for the recapitalization exercise carried out under Soludo. So, no matter how hard he worked, if Soludo had not recapitalised the banks, it would have restrained his growth.

Asking people to stay behind or come back to develop their country would yield very little if the government does not make the country fertile for development.

Buhari left the economy a total mess, thousands who never envisaged traveling were forced to do so as the economy collapsed.

Buharis bad economic policies ran the economy aground, starting with the utterly useless foreign exchange controls that was something out of Chairman Mao's red book.

As for those traveling overseas for greener pastures, you were too harsh and condescending. Yes, many work with the old and invalid, but one must respect their choices. It beats stealing.

Your grouse is that they should have done their homework before sojourning overseas. Yes, many preferred to remain uninformed before checking out probably saying "Any country is better than Nigeria." Many of these end up biting more than they can chew.

A large number of Nigerians are also doing very well overseas. Many might have started life there by cleaning shit. Nevertheless, they rose.

I have a younger brother who traveled to the US. He went there as a student but now a specialist medical doctor in his field. His qualufication is so rare that he was once the only specialized black doctor in a state in the US. When he got there, he stayed with a step aunt who ran a nursing home. I'm certain he cleaned shit.