₦airaland Forum

9jakohai:
Oil subsidy must go...

1. There were serious scarcities during GEJ'S time in office...and we did not chase him out then.
2.Reasons why we have fuel queues are simple

First, we import PMS now at 142 . Before it was at 132 naira. And we are still forcing IPMAN to sell at N145. If i was an IPMAN member, i would have hoarded too.
Second, oil prices are too low for Nigeria to adequately subsidize fuel AND increase the value of the naira. As a result, naira value is falling, meaning we need more naira to buy fuel, and more naira to get dollars to import.
Nigeria needs oil at $120 per barrel to balance the books. Right now it is at $64. (That is why we borrow to finance the budget, but that's another story).

Bubu could end fuel queues IF he removed the 'imaginary' subsidy, and allowed fuel marketers to set their prices.

YES...fuel will sell at 200-300 naira per liter.
YES...govt should have built new refineries, and gotten those modular refineries running.

BUT as investment flows in...since under deregulation, people would be allowed to make heavy profit...prices will fall, since those marketers who sell at lower prices than their competitors would make more money.

If BUBU wants to be a leader, not a politician, he should take the HARD decision and allow for deregulation.

leverage:
hmm na wa for ugly children

MayorofLagos:
If i were GTB i would declare loss following the hashtag reactions, particulely in East...thus showing legitimacy to lay off and close all branches in SE

9jakohai:
Abeg, what does APC have to do with PDP misfortunes?

That is the issue I have with Nigerians sometimes, they have problem, it is someone else fault.

PDP must sort out PDP problems. Just as APC must sort out Nigeria problems and stop blaming PDP.

boliswitpassprik:
Fellow lagosians


Its time to do prayer and fasting O

These are traits pf the stomach infrastructure governor AKA Fayoshe

Ambodr must not turn to such

yarimo:
Am waiting patiently on top of mango tree in north Korea for FAYOSE, FFK and WEKI to blame President BUHARI and APC For this wonderful development from PDP Progressive

Deckline:
Hmm... I thought he "HIS" dead. Please stop. Just stop

Derawiz:
I've seen over 50 throwback pictures of buhari here on Nairaland but not one throwback of him with his certificate