₦airaland Forum

beethoven:
These m_fvckers called NNPC will rather subsidize imported petrol, so they can keep the Malta blending facility running and keep milking the nation dry. They know that if they start buying from DRL, the true consumption numbers of the country will be known, and they will not have the opportunity to inflate prices and quantity.

Tinubu and his cronies think wreck the country, they have all forgotten about what happened to Abacha.

But same Nigerians said they don’t want NNPC to be the sole offtaker from Dangote. Nigerians want marketers to buy directly from Dangote without the meddling of NNPC. So, what exactly do you guys want?

BarrElChapo:
I thought some days ago, it the news that NNPCL would be the sole buyer of PMS from dangote just as they're the sole importer of fuel in Nigeria ? Was it an incorrect information?

It is incorrect. NNPC already made it very clear that independent marketers can buy directly from Dangote on a willing seller and willing buyer basis. Immediately NNPC made that clarification, Dangote planted a news in the media that he will be selling PMS to foreign countries. That should tell you everything about the price Dangote intend to charge.

Kaycee9242:
For how much

Market reflective price = cost of production + cost of production + profit margin for both producer and distributors.

Ezewuzie01:
So NNPC abandoned their own four refineries just to boost Lagos IGR by patronizing Dangote?

Let’s just go and burn the Dangote refinery because Ezewuzie from SE is angry that it will contribute to the economy of Lagos.

Parable007:
Will this affect the price of fuel?

Not significantly. In fact, he is likely to sell above the current NNPN rate of around N890.

All these news about rollout are just long stories. Dangote has already refined millions of liters of PMS. His major challenge is what price to sell. When NNPC issues the public statement saying the refinery can go ahead to sell to independent marketers on a willing buyer and willing seller basis, Dangote quickly planted a story in the media that the refinery is looking towards selling outside the country.

Without NNPC coming in as the sole offtaker to absolve the under recovery, Dangote will have to sell at a price higher than what you’re currently buying from NNPC stations. There is no other way.

So Ituah Igbodalo is in LP while his brother is trying to become the governor of Edo State on the platform of PDP. E be like say them don dey scam Gbajue o

The werey wan run away 🤣

maasoap:
Under Buhari, it was N200 per litre. Under Tinubu, it is now at 1200 naira per litre. Did the new price now prevent Tinubu from borrowing since he has become the president? Be deceiving yourself.

Has Tinubu printed N27Trillion through ways and means?

fabian063:
true federalism will fix all this

lol. How?

fabian063:
thought the government now give Dangote the crude oil to refine. If Venezuela is paying ₦30 for fuel, then it is currently possible for us to do same without it affecting the prices of the exported crude

And where will FG, States and local governments get money to fund their operations?

That’s how deregulation works. Prices keep moving with market realities. We either embrace this or keep taking billions of dollar loans and trillions of ways and means to keep the price down and the economy on life support.

Buhari printed N27trillion to keep PMS low. That’s a loan we can’t pay back in the next 30 years. Maybe Tinubu should continue on that ruinous path so that PMS price can be low.

Cheap petrol has been a curse to Nigeria. It’s time to do away with it once and for all. A fully deregulated oil industry with market forces determining the price is the only way to a sustainable economy development.

So, if it cost N1k to refund a liter of PMS, why should Dangote refinery sell at N450? Who pays the balance plus profit?

DeLaRue:
I don't think so.

I think what is happening is that NNPC wants Dangote to announce its price by itself.

NNPC will buy at that price and sell to the public.

And if other buyers can also buy directly from Dangote, as the NNPC has now said, then no one can blame NNPC for pricing.

Mr Dangote will not like this as whatever price he announces will not please the public.

Exactly the right thing to do. Let Dangote announce his price to Nigeria. If it is above the current pump price, NNPC can then step in to be the off taker and then absorb the difference before selling to Nigerians at the official price.

Bobloco:
And to even think that Buhari could manage the Nigerian economy for eight solid years far better than the so-called first-class accountant and Lagos blueprint builder is unimaginable.

There is no big deal in keeping pump
Price low. Just keep taking debts and printing money through ways and means. When Buhari was going, we were using 97% of our revenue to service debt. If we had continue that way, we would be over 100% by now. That is, our revenue won’t even be enough to service our debt not to talk of having anything left to run the country. So, we go deeper into ways and means. Maybe by now, it would have gotten to N50million from the N27trillion Buhari did.



So let’s keep pressurizing Tinubu to reverse the reform so that we can collectively crash the country’s economy simply because we want cheap PMS.

lexy2014:
your emotional outburst has still left the question unanswered...

As a result of this "progress", are the people of lagos now buying fuel for N200 per litre?

Mention one progressive country where PMS is sold at an equivalent of N200.

lexy2014:
As a result of this "progress", are the people of lagos now buying fuel for N200 per litre?

Just go and burn down the refinery since you’re so pained that the people of Lagos are not buying fuel at N200.

APC has done more for Dangote than anyone can imagine. Without the support of FG since 2015, there won’t even be a Dangote refinery today. PDP was in government for 16 years without any refinery to show for it despite so much noise about issuing refinery licenses.

NgeneUkwenu:
No training
No School of Journalism
No Publications outside of X
No organizational attachments
No history of journalism
No Objectivity associated with journalism
No Sense, just defamation & stupidity on steroids..

But to the ipob terrorists, PIDOM is a journalist.

Can’t wait to see David Hundeyin in this situation. Arrested, charged, and shamed like a common criminal that he is. No matter how long it takes, he will face the full wrath of the law like PIDOM is currently facing.

The werey don fold 🤣🤣🤣

After Nigeria Police Force declared him wanted yesterday for fraud and other cyber crime related offenses, controversial blogger David Hundeyin has declared that he’s no longer in control of @PIDOMNIGERIA X handle. The blogger had late last month claimed he was in full control of the account after Isaac Bristol was arrested.

erad:
What nonsense is this again?
Do you know how many pageants happen yearly in different states and the country at large?

Did the Miss Osun with the governor emerge from the competition organized by the organizers of Miss Nigeria pageant?

Everything does not have to be tribal.
These were things we laughed about growing up and were proud of when we see individuals from a different tribe or geopolitical zone representing a state that's not in their geopolitical zone.

It was NEVER an issue.

Well, it is now an issue. We all saw how SA fought to ensure a real SA emerged as Miss SA. The person representing a state should be from the state and not an allottee from another state. Identify is an issue all over world including the USA. What they are doing is nothing but fraud.

Beremx:
Osun state governor has an Igbo mother. Stop crying 🤣🤣🤣

So this is funny to you?

ObosiUkwalla:
Yes, osun is a no man's land. Deal with it

Not nice buddy, not nice. Stop supporting fraud.

SadiqBabaSani:
This Igbo Vs Yoruba threads are definitely Northern operations.


I believe the threads are deliberately instigated by vested interest who stand to benefit from disunity among Igbos and YYoruba

Is that why Ifunanya from Anambra stole the slot of Oyindamola from Osun state?

pyyxxaro:
See as the gal for the first picture be like Queen of the Coast when never chop for 600 years 🙆🏿‍♀️

She is far more beautiful and classy than the usurper called Ifunanya. Why deny her the opportunity to represent her state in the Miss Nigeria pageant?

Miss Oyindamola Peace Adewale won the Miss Osun 2024 contest. You can see her clearly with her crown and in a picture with the governor of Osun state. So, how did the above usurper in frame 3 named Ifunanya Nledo became the representative of Osun state in the 2024 Miss Nigeria beauty pageant? What kind of fraud is this? For how long will the rest of us continue to keep quiet while watching fraudsters take away what belongs to others? Is this what Nigeria is all about?

Can anyone explain this?

Cc: Mynd44 nlfpmod

Mods have pushed this to front page just to push people out to energize the failing protest.

When you compare these pictures to the pictures coming from ojota in respect of the current protest, then you can easily that what they are doing right now is nothing but a joke.

The Lagos protest so far so good has been a huge flop.

derecho:
Who taught you the word ragtag?
No dey misapply words abeg...

Those I’ve seen so far in Kano and other northern states are ragtag rioters.

Are you guys tired? Mr. President will not address the ragtag rioters and looters. He’s got other more important issues to attend to. When you all are tired looting and destroying properties, go home and sleep.