₦airaland Forum

Truthissupreme:
I am sure you are the same Bot below

Hand go soon meet una very soon

You yoruba muslims no longer see anything as sacred to northern muslim abi

You cannot set Nigeria on fire with 10MB of data. Impossible.

Craze people trying to set two regions against one another with 10MB of data.

Lol. What's so special about hijab that it cannot be touched?

Maybe that's their new 'ruling' on how to penetrate the whole of Nigeria whole the demonic covering.

Sad turn of events. Though guilty, no need targeting the propertiesof agbada mafia. Just give them sugarcane woto-woto.

I am seeing LGA and not state or FG.

Tochi360:
Happy slave,bubu' worse form is 7times better than the failure personified called tinubu's best.

You know this is the Reality of the Country, you are just being an happy slave😀😁

slave to who?

That's uncalled for o. Except maybe the officer is clearly out o his mind.

The loan has been converted into a gift of some sort, otherwise, it wont be paid into student account and left at the mercy of the student to use it for education or survival nor flexing.

Bobloco:
Subsidy is gone! Who made that thoughtless statement on his swearing in podium?

Read before typing painfully.

EyeCumInPeace:
Whether Back or Front, Tinubu should just return fuel price to where he met it.

All your post are centered around impossiblities. anything to sell your market and unsell the other guy. lol

Who doesnt know that?

Is it the GMO effect or something else.

Bobloco:
Tinubu calamitous economic policies destroyed Nigeria not Tinubu

Buhari did the bulk of the damage and Tinubu yielded to traps instead of out maneuvering them with production. He was busy playing chess with interest rates and policies of bold declaration. Wonder why the clown didn't deliver the floating of Naira in person like the removal of petrol subsidy?

His focus is how to retain power in 2027 despite the glaring calamity on ground. Awarding contracts to cronies at mad rates and churning out steady propaganda.
That man is a content creator at best and should be rubbing shoulders with Sabinus and Mark Angel.

Useless propaganda from Dangote's enemies.

There are refineries that are 30 years older than Dangote refinery so monopoly is impossible.
There is also the option of importing fuel to checkmate Dangote.
Another is buying substantial stakes to split whatever Dangote makes as monopoly windfall which the corrupt NNPCL has turned down.

arsenal33:
you should enjoy the 'protest'

protest is not maggi cubes or sugar.

Manculated:
Is this how we will continue to look at these evil people??

ask Seun and lalasticlala and mynd04 and fergie01 abegi.. dem know pas me.

Chinkoalhaji34:
Na wah!

Dem no go rest until dem carry the whole state enter wahala.

Peter Obi must be smiling somewhere, but e no go fit fool us again with him empty talk.

This one no be governance matter, na just noise-making!

Take it easy oga. The hunger is real.

That's why it isnt working now.

FreeStuffsNG:
He will face the full wrath of the law. Shikena.

DSS na your mate? Smh.

Even Russia has dissociated itself from anything about Nigeria's fuel subsidy removal etc.

This is why it's important to understand that this protest was largely organised and funded by unpatriotic elements, anti-state actors and those still embittered at their defeat and defeat of the mediocre candidates they supported during last year's Presidential election won by President Bola Tinubu as the democratic choice of patriotic Nigerians.

All the enemies of Nigeria will lose las las. They always lose. God bless Nigeria for ever!
Check my signature for free stuffs!

Keep shut Oga MANNABBQGRÎLLS.

Is sowing a flag a crime?
Same way they leave untouchable bandits alone to be harassing protesters protesting the effect of banditry and terrorism is how they left the wavers of Russian flags to go and harass a legitimate businessman here.

yinkbell:
I have planted Maize and tomatoes on half plot of land. Very soon, I will plant cassava join. Just experimenting...

May God help to get access to loan and land so that I can go on a big sale!

have researched the anchor borrower program?

N1 trillion is a lot. They do it in bulk based on associations by crops they cultivate.

Remove the damn subsidy totally before it removes you from Power Broda Yekini.

anonymous1759:
When Buhari was borrowing to pay salaries your likes said he’s mortgaging the future of the unborn generations, Tinubu has decided that the unborn generations should enjoy while their parents pay the ultimate prize stop complaining.

No. Tinubu is extending the Buhari pattern into the second unborn generation. He isnt reversing anything.
Buhari borrowed to execute projects that cant repay their cost and pay salary in his bid to spend his way out of recession. Tinubu is doing same in principle by embarking on redundant mega projects and salary increase without layoff of idlers.

cybernaut:
why are colonial masters still ruling us by proxy by installing or chosen leaders of their choice to rule us? Is tinubu the real winner of the last election conducted?

I believe the injustice was done within and not influenced from the outside.
With PDP performance that warranted their exit, APC wasn't suppose to retain power going by their woeful performance.

The main question is what will be used to subsidize the fuel?

Loans and more debt?
Tax?
Other mineral resources?

Coming from the north, where they hardly pay tax or surrender resources to the centre, I suspect someone is further brainwashing these people into thinking subsidy can be easily afforded.

After mismanaging our resources, we want to blame colonial masters. Changing masters is not the way out. Corruption exists within.

What about the looted church equipments?

grandstar:
It isn't profitable to produce petrol and sell directly to oil marketers at the price of N600.

Price of crude oil per barrel hovers around $75. A barrel contains 159 litres of crude oil

Therefore a litre will cost $75/159 = 47cents

1 litre of crude oil in Naira is 47cents x the prevailing exchange rate of 1,500 =N705.

A litre of crude oil sell for N705, while petrol sells for 600. It is cheaper to buy petrol in Nigeria, than crude oil. Why won't the nation be bankrupt?

The only entity that can sell petrol for N600 is the FG and it does this by buying petrol at the market price and resells it at a price, let's assume 500 so that marketers can resell at 600/litre.

The cost of this subsidy may be as high as 500/litre. Multiply that by local consumption 52m and you have N26bn daily.

That's why oil marketers say the government is spending as 700bn monthly on the petrol subsidy

https://dailypost.ng/2024/07/23/nigerias-fuel-subsidy-payment-exceeds-n700bn-monthly-marketers/

The 705 price does not include refining cost.

So, can you see why Dangote isn't producing gasoline for the local market?

The FG owes international oil traders between $5-6bn for petrol.

could it be the govt is maintaining subsidy because of conflict of interest. Wale Tinubu was listed as a director in one of the Malta blending company. Why celebrate saving of funds after perceived subsidy removal then reintroduce same silently?

Comparing old and new rates show we paid around $0.4-$0.5 before removal and are paying around that after the alleged removal. It points to a subsidy existing. If that is the case, it could be because the importers are Mr. Presidents friends and associates so stand to gain something for every litre consumed by we and our neighbors who smuggle it in from us.

Black man by default is a strong politician. Too partisan. If it isnt tribe, religion or cult, it will be some selfish interest.

That cant be the full list. Countries like Mozambique, Niger, Guinea, Ghana with low crude export were omitted.
Let's just say among the committee of nations that's above 20 years in crude export game, Nigeria is the old foolish country with no refining capacity to match crude volume.
We also export cocoa and coffee raw. There is nothing we cannot export. Even human resources aren't left out.

grandstar:
It isn't profitable to produce petrol and sell directly to oil marketers at the price of N600.

Price of crude oil per barrel hovers around $75. A barrel contains 159 litres of crude oil

Therefore a litre will cost $75/159 = 47cents

1 litre of crude oil in Naira is 47cents x the prevailing exchange rate of 1,500 =N705.

A litre of crude oil sell for N705, while petrol sells for 600. It is cheaper to buy petrol in Nigeria, than crude oil. Why won't the nation be bankrupt?

The only entity that can sell petrol for N600 is the FG and it does this by buying petrol at the market price and resells it at a price, let's assume 500 so that marketers can resell at 600/litre.

The cost of this subsidy may be as high as 500/litre. Multiply that by local consumption 52m and you have N26bn daily.

That's why oil marketers say the government is spending as 700bn monthly on the petrol subsidy

https://dailypost.ng/2024/07/23/nigerias-fuel-subsidy-payment-exceeds-n700bn-monthly-marketers/

The 705 price does not include refining cost.

So, can you see why Dangote isn't producing gasoline for the local market?

The FG owes international oil traders between $5-6bn for petrol.

Dangote can produce petrol if he wants to even with FG's subsidy in place. It is a matter of FG buying from Dangote directly and reselling to 60% of west and central Africa we like to call local market.

That way FG gets to save extra cost of transporting crude to foreign refineries and transporting petrol back to Nigeria.

The corrupt people who are already in the business of flooding west and central africa with low quality petrol dont want that. They prefer to import low quality fuel at unbeatable price compared to Dangote's premium petrol and make more money by making FG subsidize it. The subsidy guarantees the whole of west and central Africa will prefer the Nigerians smuggled petrol from where the cabal can make their little something per litre Times what west and east Africa consumes.

It is a case of evil multiplied by corruption. The main problem is the petroleum sector cabal.

The protest has PDP written all over it. Though APC fears LP more because they know why they gave them third yet are more concerned about the third guys than the second guy. Kperogi, to me, is a PDP guy.