₦airaland Forum

thisisit:
WHAT GOODLUCK & OKONJO IWEALA SAW 11YEARS (2012) AGO....TINUBU, BUHARI & THEIR APC IS JUST SEEING IT IN 2023...

THIS IS A CASE OF CLASSICAL VISIONLESS LEADERSHIP....

POWER FOR THE SAKE OF POWER.. NOT FOR THE SAKE OF THE PEOPLE..

INSTEAD OF PRIORITIZING SECURITY BY ENGAGING BANDITS & TERRORISTS... HE CHOSE TO HIT THE GROUND RUNNING... BACKWARD!

JUDICIARY TO THE RESCUE.

If you think they dont have any vision think again bro. They were all waiting for dangote to complete his refinery for them to stop there illegal activities. Most of them have invested that money they got into the refinery. I do believe these guys are working for there own future not for nigerians

Latakia:
yes daddy thank you daddy it's not a religion war but subsidy remover

Please am not ur sweetheart ok u makin a fool of urself clown 🤡🤡

Latakia:
Yes daddy thank you daddy. Where was the useless Ajaero and his NLC when the CBN and Emefailure seized our cash during cash scarcity?

What a clown 😂😂 u see why i say ur head is empty. Dont worry continue ur stupid bigotry lets see were it will lead u😂😂 hope u don buy bicycle and solar? Me too i stand on tinubu mandate 😂😂

Latakia:
NLC southwest, northern region and south south region have opted out of the so-called Ajaero strike. Na only IPOB and their labour party will go on strike in the southeast. Subsidy has gone and gone for good.

These kind of statement is what u people are good at nothing more. Most of you are pure empty skull. Very soon u will find a way to blame igbos for subsidy removal cos u have nothing else to do than to blame, that is the way yorubas play politics.

Peppysco:
You're being schooled here and there and you think all of us saying the same thing are dafts abi, reason why I will never think education is expensive.

Honestly you have no idea of what your talking about

Peppysco:
Mr., I honestly shouldn't be responding to you anymore, you don't grab basic Economic principles. The world economy is speedily moving away from crude oil, Tesla vehicles and other electronic automobiles and devices are seen everywhere in the world, even in top Nigerian cities. Yet, you think or expect crude oil price to keep rising, when there are many alternatives now, bro, you need to go back to school. During Obasanjo's administration, crude oil sold for around $124 per barrel but gradually fell under GEJ to less than $70. That's to tell you that the more alternative the world has for crude oil, the lower the price cos of less demand. The present increase in price in the world oil market wouldn't be if not for the Russia v Ukraine war, of course, I don't expect you to understand. Please, only quote me when you have reasonable points to argue with, thanks.

From your analysis it simply means you have no clue of what ur talking about. The knowledge you intend to tap is so vast u cant explain it.

Ok since you want to go there lemme ask u simple question how many electric do think there is at the moment? And how many of them do u think there is in Nigeria? Does the ratio surpass number of cars that run on fuel?

Lets use nigeria as a case study

Do you think nigeria is ready for electric cars and if so how would you power ur cars when you dont have constant electricity.

When you go to china Tesla is rated 6th or 7th most populous cars so who are the current consumers of electric cars if not the United states?

Yes we have electric cars buh dont even use that as an excuse cos fossil fuel is going nowhere. Besides there are so many disadvantage of drivinf an electric car. Until those issues are looked into electric cars cant compete in the market.

theysg:
How that one take concern market force?

Ive this question before and i will ask again.. what happens when the price of crude oil go up?

Peppysco:
I'm sorry to say, you still came out unintelligent with your comeback. Never ever heard that a single marketer or manufacturer could influence price in a market competition. Fact that you pegged the price at #200 is an indication that you don't understand the dynamics of price mechanism but only trying to sound enlightened. The competition in the sector alone, will force aggregate supply to exceed demand while that will force price to drop in the long run, I guess you still won't comprehend. Waiting for you to quote for further explanation. By the way, stop feeling cool in your folly.

You still dont get my point. If crude oil is sold at $120 per barrel that is the price at international level so whether its dangote or fuel importer definitely the price of pms will go up. Is that so difficult for u to understand. Its actually the subsidy paid that helps to stabilise the price.

When oil prices rise costs for production and transportation rise which decreases supply at a given price. If oil prices fall, production and transportation costs fall, so more can be produced at a given price. Simple as abc and u speaking big grammar to confuse yourself

theysg:
You ask a question about market force and I answered you, whatsoever you have about 120$ per barrel, please go ahead and educate me.

Take for instance nnpc sale crude oil to dangote at a price of $120/barrel, what it implies is that dagote will have to increase his price. What the federal government is gaining is the landing cost and the subsidy removed

danvon:
These ones will become scapegoats, Tinubu will gladly destroy them

Wow so we are now talking about destruction.. so this is a proper way to rule right?

theysg:
To the barest minimum, Market forces are simply the forces of Demand and Supply.

So what happens when barrel of crude oil is sold at $120?

theysg:
Your foolish brain did not consider market force...

What is the market force can you explain it to the barest minimum?

casualobserver:
You are an example of why people should use condoms and not give birth to children they cannot properly educate else they become a nuisance and a liability to society.

The idiot has resorted to insults cos he cant take the truth. You see the reason why i say i cant have reasonable convo with u cos u run ur mouth like tap water. Ignorant being! Next time u quote without anything constructive to say kiss me goodbye. You are clearly good at insults nothing more. Your head is empty

casualobserver:
You are clearly not just an ignoramus but an imbecil3. The figures are out there, we spend an average of $10b a year on subsidy, over 8 years that is $80b. What does this have to do with external debt? It shows you don’t know what you are talking about.

My advice to you is to shut up. Because you have acces to internet does not mean you must comment. External debt and subsidy are 2 different unrelated matters.

Ok lets see who is foolish cos i will make u look stupid right now.

Below is the lind of my findings so tell me how you got such figures?

https://businessday.ng/energy/article/buhari-burnt-n11-7trn-on-petrol-subsidies-will-his-successor-be-different/

casualobserver:
I said list the benefits of $80b on subsidy in 8 years. Point to the lasting legacies of subsidy.

The poverty that you wish for Nigerians with this subsidy will befall you and your generations. Say Amen since subsidy is so great!

This question u asked.. first of all the 80 billion dollas you mentions is way out of proportion. How much is our external debt cos the figures for subsidy subsidy is around 11-13 trillion naira.

casualobserver:
What has the kindness of subsidy done for you? How many roads, rail, hospitals, good schools, electricity generation plants has it bought you. The $80b that was spent on subsidy in the last 8 years where is it he benefit so you can show me? You can’t, because it has all gone up in smoke through the back of exhaust pipes.

$80b in the last 8 years. Nothing to show, nothing to bequeath to the next generation. Yet Lagos Ibadan express way, Lagos - Ibadan rail, 2nd Niger bridge, will be there for generations and together cost less than $4b. And yet you sit there and type that we should continue to borrow to burn $8b a year that will have nothing to show after a year talk less of passing on to the next generation.

And it is me you call wicked? You are complete and utter fool!!! The poverty that you are wishing on Nigerians with subsidy may it never leave your generations!!! Idiot!!!!!

I cant have any reasonable convo with you cos u are just ranting. Medicine after death

casualobserver:
Oga if you have N500-700, or whatever the rate maybe to buy a liter of petrol, they will sell to you, if you don’t have, I suggest you sell your car and buy a bicycle. Those are your 2 options, everything else is just noise.

Exactly how a wicked fellow should sound

Cheeryfeet:
You don't know the forces of demand and supply, nor the law of competition. They can only determine the prices to the extent they monopolize the market, but as many that can get into the business, the prices will definitely crash. Its a given. Remember what happened when gsm came in newly. Mtn and Econet monopolized the market but immediately glo came in, the price crashed

You know the funny thing is you know all these things and Jonathan wanted to take off the same man who opposed it is now the one taking it off. Can you see how hypocritical u sound.

Ok lets see from your analysis what will happen next since u have it all figured out

casualobserver:
There is no fucking back up plan you slowpoke! The only back up plan is to stop living a life of fantasy, indulgence and start living a life of realities. If you have borrowed to eat and borrowed to feed your neighbor for years. The day there is no more money to borrow to finance your illusion, you are forced to face your realities….that day has come! Backup plan ko, back up plan ni , palliative this , palliative that, that is the illusion that has brought us to where we are.

There is no money for subsidy, there is no money for palliative. Get used to the reality. It’s onlY in a poor country of poor men with poor mimdsets that poor men will be driving gas guzzling 4wd trucks. Serious countries drive economy cars conscious of fuel economy. Now all of us will have to face the realities of the illusion and delusion…there is no more money!!!!

Now Nigerians will understand that the same tank of petrol can take you twice the distance if we stop speeding accelataring and braking anyhow. It’s only in Nigeria that people, buy cars without any knowledge of the fuel consumption, all that will change now.

After all your rant yet people outside this country say nigerians are the most hard working people you will ever find. No wonder black man hate themselves. This heartless fellow wants us to wake up to reality when so many people in northeastern nigeria are overwhelmingly incapacitated with abject deficiency in humanitarian aid. I dont blame u because u r a tribal bigot. You think i and my family are suffering? Think again bro

Femmyfamous4u:
Unlike before, we now have a competitive market(Economics) where there is free entry and exit. Even you can apply for a license to refine crude and sell to the public or import. Naturally, people will buy from vendors with the cheapest options.

What happens to the products that contain sulphur i hope u know it is the major problem we encounter in our vehicles. And you know our agencies are very weak in terms regulations.

Biodun556:
But Buhari was borrowing to subsidized fuel, is that a good idea?

Why haven't they repaired the refineries we have instead of borrowing to pay subsidy. The buhari u are talking of came to power for his own personal reason. He clearly avoided all the problems we had for the next administration. So dont ever use buhari as a reference.

Biodun556:
Everybody will have to adjust to new price

No explain how the market will react when theres increase in cost of crude oil per barrel? You ppl allow yourself to be deceived and u end up looking for igbos to blame.

casualobserver:
You are the one who is unntelligent. All the 4 major candidates have said they will remove subsidy. Peter Obi specifically said “from day 1”. So this has nothing to do with Tinubu.

Let us now try and approach this from an intelligent point of view ( if you are indeed capable of intelligence)

1. Immediately Tinubu announced the full removal of subsidy, petrol prices went up in Cameron, Togo, Benin. What does that tell you, what does Nigeria have to do with these countries? You use the word intelligent so I assume you can do the math.
2. We have been borrowing to subsidize petrol to the tune of $10b a year, mind you our total government expenditure in a year is about $40b. So a quarter of our expenditure goes to subsidize petrol including petrol in neighboring countries. Not only that we are borrowing the money. What this means is a family has no money to feed itself, to clothe its children, to pay for electricity, to send its children to school but is BORROWING to feed its neighbors.
3. What right do you have to subsidized petrol? Ghana is an oil producing country, petrol costs N870/ liter. Of all the countries in west Africa Nigeria has the cheapest petrol, the next cheapest is more than f
4x. Clealrly our petrol price is unsustainable. All these countries are surviving while paying petrol 4 times what we pay In Nigeria. None of them are listed as poverty capital of the world.
4. Do you know what $10b a year can do for infrastructure, roads, rail school, heath etc.
5.finally it is not like ther is some $10b somewhere that we were spending yearly on subsidy, we were borrowing the money to maintain subsidy.

Look at the table below, does it make any sense to you? Mind you this is calculated assuming Naira is fully floated (715 to $)

You are clearly stupid for wasting your time to drop this analysis with out proving a back up plan to boost the economic situation in nigeria. How many millions of nigerians can afford a high pay per day without doing any business?

Peppysco:
You're the unintelligent fellow here. The more importers that come into the market, the more the competition, the higher the supply and eventually, the lower the price.
Basic Economics.
Even had to simplify the explanation just to make you understand better.

So if we have alot of importers do you think the fuel price will drop as low as 200? And what happens when there increase in cost of crude oil per barrel. Oya explain mr intelligent. Most of u dumb Bleep dont do your home work before coming to attack me

KingKO22:
Good

At worst petrol should not be more than 450 in Nigeria

No matter how bad international market is

Some of you who support tinubu are so unintelligent. What this implies is the importers will determine the price of the market including dangotes refinery

FreeStuffsNG:
Smh. Dey play. You will see nah. Let him fill everywhere with his Igbo as usual since only Igbo live and work in the whole Abia state.
This is what you and your Governors have been doing since 1999 but this time, the Injustice will not stand. Give other Nigerians land, jobs and political appointments in Igboland too! If you don't, you will not get shishi in Yorubaland. We need the land, jobs and appointments too! Let us collaborate by reciprocation.


You are saying that there is no Yoruba in the whole of Onitsha let alone the of Abia state and South East? Smh.

Dey play se.

In some Igbo universities alone,there are Yoruba lecturers let alone the whole of Abia and Southeast. You guys will no longer be allowed to cheat others by keeping your own to yourselves and trying to collect that of others. It is unfair!

You guy are bunch of lunatics to honest no other word describe how stupid u sound

Agbado miscreants wont understand this.. what they know is tinubu is working including those of them that dont have money for transport

Acekidc4:
This time around, President Tinubu will deal with the heartless oil cabals..........All those free money will stop.........They can all go to hell for all i care.

Is he not one of them why do you guys like to talk trash all the time

tony0806:
Someone should tell him not to try fixing it because it won't work. It's just another way of wasting the little resources we asked them to manage for us.

Ask Buhari. The "system" won't let it work. We're comfortable with Dangote's refinery that will soon start rolling out fuel.

A driver told me they are truely wotking on the refinery lets just pray it doesnt get abandoned along the way

juvewalex:
He didn't explain why local production won't reduce fuel price , if you're producing in Nigeria, will there still be a landing cost ?

Nigeria government is never straight forward in dealing with its citizens.

Na still corruption be this anyways.

There's no way they wont import as far as other refineries are not working

Greattha:
I asked them this same question on one of the threads

They "occupied nigeria" when Jonathan tried this almost a decade ago...the worst would've been over by now.

Their level of hypocrisy is nauseating and epic.

They just come under different name/moniker everyday and start talking trash, defending rubbish because they can't accept to be du*b.

Makes you wonder where they abandoned their brains.

The love of money is truly the root of all evil...unfortunately, most of them here and all over are nothing but starving minions who can't even survive the economic hardship brought on by their ignorance.

Most of them clearly know what they are doing. They know tinubu very well buh cant help to see someone from there tribe assume the office. Its so funny he didnt put any measures in place before removing the subsidy and they are the one suffering the most.

Youngkaro45:
The problem you people have is that you don't read and improve yourself, na only hatred fill your heart. If your preferred candidate had won the election, he would have removed fuel subsidy as well because Buhari had already signed it before leaving office, so the coming administration will just effect it.

Lol where is the hate in my statement am only sympathising with him. Secondly dont forget its on the record u ppl played the most tribalistic politics in the history of nigeria this year. So dont come here trying to lecture me on hate. Besides i dont give a damn who ends up the president, nigeria will remain a shit hole like it or not.

This same man who took off the subsidy is the same man who opposed Jonathan when he wanted to take it off and u want to lecture me on hate. Do u actually know the kind of money we would have saved. See oga take ur time dont get me angry. Just mind ur damn business and save ur mandate. Nonsense!!