₦airaland Forum

LocalFARMERS:
What does that tax bill have to do with this price of Akara, Potatoes, Buns and Yam? All the tax that has been imposed in tha passed, what have they achieved with it?

Everything. VAT sharing irrespective of contribution promotes idleness and low production which in turn drives prices up. So enjoy your Kosai, buns, yam & potato like that.

If it is a male politician, the size will be 20-25% of this at best. They always need money to take care of their many personal responsibilities like wife,children,girlfriends and aides.

LocalFARMERS:
No it's not cheap. This is extremely expensive in the North.
Nlfpmod

Since we prioritize sharing of resources over production of essentials and the leaders are always taking lion's share of what is shared, we have to see some tough times. Production of what improves living standard is low and dwindling against growing needs.

The northern governor just rejected a tax reform bill that rewards states for progress made in VAT generation. In Principle, they are saying any state spending money to create a conducive environment for industrial scale value-adding activity or business is wasting her time to a large extent.
So therefore eat your Kosai, Buns, Yam and Potato like that.
Besides this pricing is like that of southern states some 18-24 months ago.

PlasmaTV:
Did you think before you made this comment? Be honest.

I can tell You think the govt impregnated your mum from that question. The govt is not your father.

BadBradley:
how does the high cost of power allow need for production?

Won't that drive cost of product, services and manufacturing up?

It will drive production cost up but also free up some energy for producers. It is positive and negative

Akwamkpuruamu:
Is Dangotes price meant to be hidden in a fully de regulated market as we were made to understand that the sector has been fully deregulated and no more subsidies?..

Yes. That's because he is a private individual and has right to make a deal with whoever he likes to make one with. Let FG activate one of their refinery to pro e Dangote wrong about his pricing.

Vague news.

nairalanda1:
Again fuel imported into Nigeria comes from two sources

1.substandard European refineries , mainly in the Netherlands and Belgium who refine poor quality cheap fuel and sell it to Nigeria and other African countries.

2. Malta where cheap sanctions busting Russian crude which costs less than 60 dollars a barrel is being refined into fuel

Landing cost of the imported fuel as at October 1 was 950. Dangote is offering ipman local fuel at 1028 max. Meanwhile NNPC is getting fuel from dangote at 898 per liter and it also plans to sell to ipman at 1000 or more.


Ipman decides it's time to keep on importong

From your ranting, NNPCL is just sitting there and inflating prices as a middleman. Before that, they pretended they were subsidizing it for Nigerians out of pity but suddenly tthey are inflating it for Nigerians. It only confirns what average Nigerian already knows. That NNPCL is the Cabal and a Cabal member os now in Aso Rock.

nairalanda1:
The only way for IPMAN to stay competitive is to keep selling imported fuel , which landing cost is N950 as at October 1.

Where is the N950 a litre written or implied in the article?
I have always seen you as a passionate cabal member. I was never wrong.

Great news in some ways. Before we were subsidising consumption and idleness.
People could afford to buy two litres to watch BBNAIJA and Telemundo series. Now it is strictly on a need basis. This will allow the use of power for more of production.

In all their cries about Dangote not revealing his price, they never revealed theirs too. Isnt that wonderfully strange?

I am with uncle Yekini on this. After sharing resources of the south almost equally, it will be wrong to allow the south work as slaves to accomodate industries then share the tax equally with people whose values does not support industries.

EmeeNaka:
There is no successful black country on earth. Nigeria is becoming another failed state and that will be catastrophic.

hmmm.

MrAmbrose:

What are those?

Draw yours n let's see.

Smart kids. They all performed well.

While i dont want to believe this, what is the cost NNPCL is selling crude to Dangote Refinery?
Chances are that the cabals have snuck in their own cut and thats pushing final cost up.

Everything about the govt is bad yet they refuse to end the bad governance.
Imagine first aid box with biscuits and bobo.

Only slightly worse off than those not kidnapped by bandits but uncle Bola's govt.

nedu666:
I give up. See how tinubu, dangote, nnpc and ipman are playing Nigerians like fools

remove the private individuals from that list.

“We would like to emphasise that we can meet the nation’s demand for all petroleum products, including petrol, diesel, and aviation fuel. At present, we can load 2,900 trucks per day and we have also been evacuating petroleum products by sea.


“We advise IPMAN to register with us and make direct payment as we have more than enough petroleum products to satisfy the needs of their members,“

NNPCL should not be acting as a rent seeking middleman if they arent and down with the Cabal themselves.

What of astral projectors and magicians?

I am talking about people who gang up to oppress others with demonic powers to do things in the physical.

shotuns:
Some arranged benefactors will soon come out with generated receipts.

helinues and his many moniker is already dojng that here with false testimony.

Hoooooooray!

I can post on Islamic topics.

Local production is down yet they expect the people not to seek imports and at same time, submit their dollar and forex to govt to keep Nigeria as one.
Food. Clothes, Pharmaceuticals. Machines. Name it. Local production has suffered under this govt.

This man should stop speaking ego massaging grammar and hit the nail on the head for uncle Yekini to know he is seriously failing. Lack of imports connotes local production and he cannot man up to those in charge to tell them squarely. Instead he pretends their few chesslike moves and CBN polixies is what controls Naira value.

According to the report, many marketers landed the product at N970 per litre, while the $20 billion refinery sells for N977, leaving a margin of N77.

This is not correct o.

Banditry nko? Clowns.

Let them name the sponsors.

Desperation. It means someone somewhere is still importing petroleum products. They should come clean about the subsidy reintroduction fast enoughh this time around.

odejimioflagos:
Wike is doing great things in the FCT.

Empowering the youths and profiling the taxi drivers is a great move.

before that he did far more in faraway Sokoto.

Governors who ignore shooting and fire victims in their states also go to other states and donate N500m. How about that?

Perhaps you could partner with one of the numerous shippers on Nairaland who handle phone imports. I doubt theirs gets detained like a Binance executive.

Even if true, that's like 10 days feeding money for one adult or two toddlers but is it even true?
I doubt they have covered up to 100,000 households or half a million people.