₦airaland Forum

Kobonaire2023:
Basically you are sayin that government should buy from Dangote at market prices (good) and sell to Nigerians at lower prices...good.

The problem is, when Dangote's costs rise due to rising oil prices, rising maintenance costs, rising labour costs (he is competing on the world market, not local) and so forth....the cost of the government subsidising the fuel it buys from him....is going to rise


And guess where they would be getting the money to pay the extra costs...from other vital sectors like health, education, welfare, etc.. Corruption, amnesty, fraudulent feeding schemes, and more




No, personally I would like it if we could buy fuel cheap. But at the end, workers want to be paid, transportiers want to be paid, marketers want to be paid, even communities where the oil comes from want pay. Either fuel is sold at a profit....or we would be paying for fuel at market prices at a certain building in New York...and it is not the UN.

I edited the underlines paragraph to reflect other available sources of funds you and govt are not looking at at. You comment is quite factual save for few key omissions and a skewed conclusion.

Booked.

Kobonaire2023:
The society that lives on subsidies and freebies, is always responsible for a corrupt governance.”
― Dr. Ashok Anand

KoboNaire2023 again? Lol... You are a case o.
All because of evil policy. Even if the pay you for it, like a smart chap, collect their useless money and do a bad job for them.
Subsequent subsidy removal argument will be done with this new account I guess.

holowkobo:
Burna akant 2


Just as you also called me a paid agent repeatedly.

Thanks for playing anyway.

opened new account and want to continue your selfish campaign?
God will deliver you from yeye job of defending oppressors of the innocent.
From subsidywise, backbencher, to kasssandra to kobonaire234 and now holowkobo.
And you are just a neutral concerned citizen?

Kobonaire234:
LOL

It is you who does not want to face the fact that petrol is being sold in Nigeria at a cost less than what it costs to refine it and transport it here.

You now assume and attribute argument to menjust to have something to reply to. Please prove I am denying or shying away the fact of subsidy.

Kobonaire234:
LOL

It is you who does not want to face the fact that petrol is being sold in Nigeria at a cost less than what it costs to refine it and transport it here.

You don't want to face that fact, so you come here to quote me and to be so obsessed

Anyway, no matter how many times you quote me

1.Our problems start from selling petrol below its production cost.

2.If we cannot pay market price of petrol at your local filling station...we will pay it at IMF HQ, and it will be a perpetual thing.


Be realistic.


Subsidy on petrol does not help the poor in the long term.

Removing subsides is the only way we can make domestic reifning profitable, and get more investment in more refineries...without goverment spending a dime.

You still keep regurgitating you redundant fact and spice it with Lol and some assumptions to sound assured.
Who gives a damn about some questionable domestic refining.
You think I cannot figure you out right?

Let me burst your âss for good with a simple question. If you are not an agent of the refiners of petrol, what stops them from refining and selling to other countries same way we are buying from other countries? With this approach, Nigerian govt will favour patronizing them to avoid extra transportation (landing) cost they are currently incurring. But NO, you don't want that but for govt to allow the helpless and hitherto voiceless masses buy from few greedy refiners who can then easily fix prices among themselves to cashout aggressively.

Kobonaire234:
No, you are blind to the fact that our problems begin when fuel is being sold below its cost of production.

If we did that for rice, beans, etc....there would be the same issues in both sectors.

You want cheap fuel, I want reality.

Eat the truth, and keep crying. It does not change the fact that petrol costs money to make and must be sold at a profit to keep it flowing well.

fuel is sold below its cost of production in many other nations. Venezuela, Kuwait, Saudi Arabia, Iran.
The US, Taiwan and Chinese govt each are putting combined 300 Billion USD into largely private semiconductor industries to give their own people an edge in life. Govt is a selection from the people to give value back to the people so stop sounding as if the politicians in Africa are doing us a favour. Petrol is common to use all. We fuel our business and private gen sets with it. We move with it. We all eat food planted, cultivated(mechanized) and transported with subsidized petrol.
Why should we discard a welfare scheme with such strong impact and retain questionable ones like school feeding and amnesty to killers?

Kobonaire234:
You also keep on saying the same thing....and keep losing your mind over my simple opinion

Anyway, whatever you say or do...

It does not destroy the fact that our problems start from fuel being brought in at N510 or greater and sold at N180


Kiss the truth,. or keep crying. I don't care. You can abuse me all day long...it is still the fact.

Good morning.

I take this to mean you have no logical objection to my.points.
If they can propose amnesty for bandits and some clearly wasteful school feeding, let subsidy be maintained and managed as they are voted in to do.
Another alternative source of funds is corruption. Stop corruption instead of stopping the fairest form of welfare in a skewed Nigeria.

Kobonaire234:
If subsidy goes it won't benefit the cabals.

So how can I be a paid agent.

Meanwhile, you are angry with me because your uncle has taken your 20 million naira and refuses to pay you back. And he also snatched your side chick. Meet your uncle, don't meet me.

The fuel currently being subsidized is refined somewhere and sold at open market cost. Nothing stops govt from changing where they buy from and allow Dangote and co sell to them at open market cost. If Dangote over prices his, you go outside to buy. Or are we saying Dangote refinery can't experience glitches and stop working? It sure isn't fault proof and Nigerians shouldn't suffer if that happens.
Your arguments are one sided and leaves any sane person with the impression you are working for some hidden group about to benefit from subsidy removal.

Kobonaire234:
As at November, NNPC was bringing in fuel at 510 naira and selling it to depot at N140, and at it stations at N180

That means NNPC since November has been losing at least N340 for every liter of fuel sold under its auspices.

Selling to black market is how they recoup some of those losses.

The money budgeted for subsidy is not enough to cover the losses...especially since oil prices rose this year.

You keep rugurgitating irrelevant fact thats neglibly related to the subject matter.
Who is Nigeria or Nigerian govt? We are all Nigerians.
Buhari isn't selling his cows to fund subsidy so stop sounding like that's the case. It is the same pool they are looting from to build houses and live large that govt is subsidizing from. If the govt cannot manage subsidy meant to easy businesses and give local Nigerians a competitive edge in global production, they know what Lizy(Elizabeth) Truss did not too long ago in Britain.
Every govt in the world provides some form of subsidy or the other. It may be in form of welfare or intervention funds to industries like semi conductor or auto or clothing industry.
Our major form of govt to citizen intervention and welfare in Nigeria is subsidy. I know what subsidy is and its burden on govt but will not sit back and allow the govt replace subsidy that's impactful to a wider audience be rechannelled into amnesty for killers and free food for almajiris under school feeding trash. If the subsidy is too burdensome, let them readjust pump price to reduce it's burden on govt expenditure.

doneback04:
I thought I was the only one who love breast , but I can't suck this kind of breast u are talking about now and the reason she is stopping you is because baby milk is still coming out

until the day your wife will rub bitter leaf extract on her nipples before you will know peak milk is there and easier to grab.

EmiDon11:
u re a kid!

Mr and Mrs Oloriburuku are in a better position to reveal what you are.

EmiDon11:
op said his wife wont let him suck her breast again.
He never said breast milk.
He said he cant Bleep without sucking...

Common english dey hard u to understand

oloriburuku

Is that your next moniker or your support moniker for winning debates and e-battles?

O... I see, your parent's name. Greet Mr and Mrs Oliriburuku for me. Tell them I don't miss them. Lol.

EmiDon11:
did u read the post atall?

Or u just jump to comment

Someone needs breast milk here mods.

Yet the lanky thing can't develop healthcare or even do amnesty for concoction sellers, only bandits are important. Emotional nonsense of the greatest order.

Africans and their palmwine plus kolanut attitude enh. That's judgement was a shitty one from the onset. I support the overturning.

Buy milk and drink Mr man. Let the child drink the fresher one for the digestive system isn't as strong as yours.

That's the equivalent of getting three girls pregnant under Jonathan and and 6 girls under OBJ...lol

Worlds number one terror group. To be the adversary of humanity is not a small task of terror.

Parachoko:
When did Tinubu become the President of Nigeria?

he may not be the presido but he should get some of the blame even as a political influential in APC rise to Aso Rock.

Only under Buhari will bandits will use the blood of armed officers to enrich the soil and be perfectly hale and hearty to collect tax from farmer's harvest 8 months later.

The same Buhari that was going to lead from the front. We need to restructure this west African free meal.

He could have accepted it and just see it as a intern role to learn. It is better to ignore it in his CV if he feels it will downgrade him in the eyes of future prospective employers.

What happens when armed men begin to invade vaults in order to target new notes being hoarded?

Too small.

Buhari and his entourage of kaftan wearing Yesmen have done barely reversible damage to Nigeria.

jaggabban:
Pls tell us her business with the picture.

read the news from other sites and update yourself..the blogger here did a poor job probably because of many copy and paste.
There were more than one muslim student in the class. The lecturer hinted them and allowed anyone who will feel offended to leave for just the duration of the picture being projected. She stayed behind then claimed it offended her faith. That's absurd. She is an adherent of the religion and not the owner of the religion or religious figure in question.

ibechris:
380 to 400.

I am very sure of this.

Because governors proposed 360 and with inflation it might go a bit higher.

Governors lowered it to make it sellable to Nigerians and give them looting margin. 500 Naira is more realistic given the marketer union are available to inject their greed margin into the final cost.

macdongenius:
Between #400-#550.

Ripple effects:

Food prices will quadruple
Transport fare will quadruple

If the money saved can be deployed to power and we have like 18hrs power supply daily, gradually modular refineries and dangote refinery thrives, security improves and money is pumped into agriculture, under a yr fuel price will crash to as low as #80/liter.

With food sufficiency achieved, our economy will start waking up, smes will begin to thrive. Gradually, our lost glory as a nation will have a rebirth

how will this lower petrol price? I disagree.

You escaped.

nazicartel:
America should ban Muslims from coming to their country. Maybe they can excempt middle East Muslims. Those ones there are learned morethan African and far East Muslims

The student who made the complain was given the option to avoid seeing the picture but choose to remain in the class.

Nonsense school. Since when did one man's poison become all men poison? That one Muslim was offended doesn't make her the model or prototype Muslim to warrant going after the lecturer.

ArcFresky:
Do the needful OP, send her money.

if the hubby had and was withholding, do you think the wife, no matter how wifey she is, would have pulled such publicity stunt in the husbands favour? I doubt.

Dogs singing...but donkeys and snakes talked before long before dogs sang.