₦airaland Forum

Beggars strike

FagsamPHP:
Buhari is a Dullard!!!!!;!

So Buhari is the pdp senators that confirm that Nigeria loss trillions on subsidy abi?

semiga:
Party built on propaganda. Continue the lies, that's what they enjoy

What is the propaganda in this news? People just throw the word "propaganda" anyhow without knowing the meaning. pdp senators confirm that Nigeria loss trillions on subsidy, u are hear shouting propaganda.

Some women's tongue sharp pass razor. If u wan follow there bad talk, you go beat them to a pulp. Then e go clear. The earlier that men learn not to take anything women say serious and just ignore, the better for them.

Lol

dmostcheerful:
Just as you will follow shortly.

I bet you didn't even bother to read the story before getting overtly emotional over the stupidity of the massob guy that resisted arrested and got beaten by his gang members

misscall247:
Police SLD stop killing unarmed civillian

unarmed civilians should stop terrorizing innocent citizens and resisting arrest.

Misleading headlines. How did police kill him when it is reported in the news that the policemen used him for should as his gang members beat him and he died in the Police station as a result of the complications from the beating.

Wetin lost for him hand wey him de find.

Jirate:
That Record “Mr. President” will Start Selling Again as from Next Week, You Can Bet on It. We have a Stubborn and Stiff Neck Presido on our Hands right Now.

That stubborn stiff neck is ur president for at least three more years so u still have that long to wail

I don't know why I think of stinking rotten fish any time I read about Linda. Wizkid no try at all.

Alright.

Too many irregularities everywhere.

Lol

Who will this airport help? Shey na 70% of the populace that lives below one dollar na them go de enter plane abi wetin?

I bought my SIM card with number for 30,000 NAIRA. I made calls 70/per minute, whether it was 25 seconds or 60 seconds. Then MTN held sway.

Glo came. Econet came. Other Telecom companies came. All of a sudden, the price of SIM cards crashed to 3000 and 1000 NAIRA and then nothing! The telecom companies started begging us to pick up their SIM cards for free.

And now, I don't even know what MTN charges for a minute's call again. It's something I take for granted. But in 2004, I always checked my account balance to see how many minute's call my airtime could sustain. I do not have that worry today.

Competition in the sector has driven down the cost of everything. If my MTN line misbehaves, I buy airtime on my Glo network and make calls from there. There were times when MTN gave me bonuses whenever I had dropped their SIM for other networks just to woo me back.

Occasionally, MTN will role incentives, promos and packages to reward my loyalty. Other telecom companies do the same. The endpoint is always to keep their customers happy and hooked to their brands and services.

All that happened because President Obasanjo deregulated the sector. It appeared a crazy idea when he did it, in fact, the cost we borne was humungous. But all that has eased out to usher in an era of choice that comes with comparative ease today.

If you support the government's deregulation of the petroleum sector, though initially things will be tough, but ultimately, it will bring happiness just as we experienced in the telecom sector.

Have you ever imagined a situation where independent marketers will fall over their necks just to have you buy fuel in their stations? And then, you, the buyer, will make your yanga whether to buy in station A or B, if their price, quality and quantity is right.

That time will come, and sooner than we expect. So let's endure the pain of deregulation to enjoy the gain that is sure to come.

People are vexing.

Where can I buy a horse or donkey

LordIsaac:
Read my post again, you will see that ''patience'' is there!

I don't need to argue with u. Show me the 'patience' in ur comment.

9. What happens to the subsidy provision in the 2016 budget?
There is no provision for subsidy in the 2016 budget
10. Why should Nigerians not enjoy low petroleum prices as the nation is a Major Oil Producer?
Crude oil price is an internationally traded commodity , the prices are not set by the countries that produce it. Neither do oil producing countries get a discount in the international market for producing this product. Furthermore, crude oil price accounts for about 80% of the final cost of fuel. Other costs include depot charges, transportation costs, chemicals, spare parts, raw materials etc. is related to host of economic factors. . Therefore, at the current crude oil price of $40 per barrel, the finished domestic refined fuel sold to Nigerians cannot be priced lower than the cost of the crude plus the other associated costs incurred in converting the crude into PMS and supplying the product to the consumer.
11.How would the Government ensure that Petroleum Marketers sell within the price range?
The relevant regulatory institutions (DPR, PPPRA) will be further empowered to ensure level playing ground, strict compliance with market rules by all stakeholders and consumer protection.
12. How does petrol price in Nigeria compare with those of other countries?
Even with the new price regime, Nigeria would remain one of the cheapest fuel markets in Africa and this could even be lower once competition takes effect. Likelihood of smuggling to Neighboring countries will also be significantly reduced with the new price regime.
13. When do we stop petroleum products importation?
Nigeria will only stop products importation when it attains local production sufficiency. The present administration is working assiduously on key initiatives towards boosting our local refining capacity. The overarching objective is to create a competitive downstream petroleum market in Nigeria and be a net exporter of petroleum products by 2019.



Source: federal ministry of petroleum resources.

The Federal Ministry of Petroleum Resources has prepared a factsheet that tries to answer all our questions on the new price of petrol in Nigeria: Top 13 Frequently Asked Questions (FAQs):

1.What is the benefit of the new price regime to Nigerians?

This government is elected to serve the people and provide benefits to all. The new pricing regime brings the following benefits:
Solves the recurrent fuel scarcity crisis by ensuring availability of products at all locations of the country
Reduce hoarding, smuggling and diversion substantially and stabilise price at the actual product price
Ensures market stability and Improves fuel supply situation through private sector participation
Creates Labour market stability (will potentially create additional 200,000 jobs through new investments in Refineries and Retails and prevent potential loss of nearly 400,000 jobs in existing investments)
2. Why the new price regime?
This has been brought about by the non-availability of foreign exchange to import petroleum products. Marketers have drastically reduced their importation since Q3 2015 due to a scarcity of forex. There is a need for them to source independent of CBN to be able to meet the nation’s demand. Also the rise in Crude oil price and prevailing high cost of importation has brought back subsidy regime (at the present price of N86.50) since April 2016. Due to decline in government income related to crude oil price and limited crude oil output caused by the spate of renewed vandalism and sabotage of oil infrastructure in the Niger Delta, there is neither funding nor appropriation to cover this in the 2016 Budget.
3. What is the difference between this new price regime and previous price reviews?
Before arriving at the new price regime, a comprehensive study of the costs of importation was undertaken. All stakeholders including marketing companies and independent experts were consulted in arriving at the appropriate cost reflective regime. This is in furtherance of the Price modulation framework rolled out in January 2016 which entails modulating prices down or up on a periodic basis to reflect actual prevailing costs.
4. Is this new price regime a deregulation?
While the Federal Government is not deregulating, the Government through this new price regime will ensure that the price of products are monitored and modulated to ensure that citizens get a fair value for products they purchase.
5. What is the real cost of PMS to the Nigerian consumer?
The estimated “true” cost of PMS was valued to be 243.05NGN per litre. This is factoring the estimated average time spent to obtain PMS at the official price (86.50NGN), the estimated hourly wage of the average Nigerian, the average price of PMS on the black market and the estimated average volume bought per visit to the filling stations and also factoring in the frequency Nigerians source PMS from the different markets
6. Why do we have scarcity?
Unavailability of Foreign exchange and Inability to open letter of credit has forced marketers to stop product importation and this imposed over 90% supply on NNPC since October 2015 in contrast to the past where NNPC supplies ~48% of the national requirement.
NNPC does not have the resources for and is not designed to meet this increase in supply, this has resulted in the current fuel situation across the country.
7. Will the new price regime ensure availability of petroleum products?
The new price regime will allow Marketers source their foreign exchange independently of CBN and ensure adequate product supply in all locations of the country whilst catering for full cost recovery and averaging of prices across the nation
8. Will the new price regime positively impact the economy?
Clearly the continuation of subsidies in any form for PMS limits the ability of Government to deliver its statutory functions such as power generation, security, education, health etc. The new price regime will enable government focus on these critical sectors and free up our scarce foreign exchange via CBN to be used in other sectors

ademoladeji:
Yes! Not just a woman but man as well.

Marriage is sacred! It's ordained by God

well u are entitled to ur opinion but don't shove it down the throat of others. If marriage is sacred and ultimate to you, good. Let others be if they choose not to marry

ademoladeji:
She too used to have one... They're all failed "celebrities". You cherish publicity over marital life!

Tiwa, Funke... #shame

still asking you same question. Is marriage the ultimate goal in life of a woman?

LordIsaac:
Hmmmm.....At 81....no gender equality issues...nor domestic violence. Give me the old time marriage ideology, any time!

Don't be fooled by couples show of love publicly. If she should tell you what she has passed through and endured in the marriage u may be shocked. Same applies to him. What marriages of nowadays lack is patience.

BTW is Seun not paying his mods? This pix had been on other blogs for days. Wetin be the work of these mods dem

ademoladeji:
Madam Funke, go get a Husband!!!

husband na passport to heaven? How tiwa wey get the husband end

Personally, I'm tired of her jenifa English and I think she is trying to hard to be funny. Without falz, the show would have been a huge flop. He is the reason why I watch the show.

openmine:
whatever

buzz off my mention