₦airaland Forum

They should just remove the damned subsidy.

londoner:
Can someone explain how the 300,000 Meters will improve the supply of electricity?
Thanks.

I thought it was only me wondering!!!

But really Nigeria sef!! How hard can it be to put in place the processes to make sure that refuse is picked daily and that people pay for the evacuation.

It's really just the manifestation of a brainless government.

41lady:
To top up, even the current charge is high compare to other countries, an unlimited Wifi in singapore, Malaysia, Maldives, China e.t.c is just like NGN8 to NGN15K per month, including TV programs. U will watch, download Movies on Youtubes, educational search-thesis,journals, lecture, throughout the month. Connect as many gadgets/smartphones, make internet calls.
These our leaders are wicked, they do travel to these countries and see how things are done but they do otherwise in Nigeria. guys are afraid to come back to Naija but no place like home they said, missing my mum's égosi, vegetable soup with cow tail and semo.

Dude, just to clarify most countries where you have unlimited WiFi for that kind of price, the internet is delivered to you by wire and then you use a modem in your house for WiFi. Here in Nigeria data is delivered by base station which needs power to run round the clock so you can never expect the same kind of service. If nitel had survived till now maybe we'd have same too.

For me the real issue is how the funds generated would be used and not the tax in itself. To be honest, oyinbo land (which we all look up to and wish our country was like ) is so much more advanced for 2 main reasons. They raise sufficient revenue through taxes and they are competent and judicious to use the money well.

For a country in our predicament, it's expected that taxes will have to go up. When Spectranet increased prices recently it probably didn't stop that many people from continuing to use it. Likewise Dstv has increased prices quite a few times over the last 10 years or so and Nigerians haven't stopped using it so I doubt the 9% will really break anyone's back. Inconvenient yes, absolutely unbearable, no!

So I say again, the real issue is judicious use of
funds.

It would appear the data leaderboard in Nigeria for the gsm companies is as follows:

Etisalat
Airtel


Mtn







Glo

I certainly ain't trying it until I'm sure

Checked Airtel website and their SMS menu and this plan isn't there no! Hope it's not one of those many fake plans we see on nairaland.

Wasn't the guy a former sports presenter or something. I think I used to hear that name on radio.

Don't be fooled! I subscribed to it and within 2 weeks my data was finished. I checked my data manager app and it suggested that I had used only 1.2Gb. Called Airtel and they told me that usage on bb and android isn't the same!!

I also agree that Airtel browsing speeds have increased significantly over the last 6 months or so, especially at evening/night when I routinely get about 10mbps. This is right in etisalat territory. If I rate internet quality it would be as follows:
Etisalat 1st
Airtel close 2nd
Mtn distant 3rd
Glo even more distant 4th

Though I concur that Mtn and glo could be faster for some u users based on specific location, but generally these rankings are in order.

@OP, supported. Glo internet is horrible in port Harcourt. Have tried it several times and always run back to etisalat. They know their network is crappy hence the plenty data they give. But what is the point if no one can use it. Quality is indeed better than quantity.

solid3:
So in actual sense Nigerians are the one subsidizing fuel for the government now. Buhari, this is not what we voted u for o.

BTW, tot subsidy has been stopped, how then is it that they are recovering money as a result of low landing cost which suggests that the government gave the importers much more money to subsidize the importation.

And for the uptenth time, it's is unwise of the giant of Africa to have one of the best crude in the world and be unable to refine sufficient quantity for her population.

Do Nigerians even know that for every liter of refined product that ships out of Kaduna refinery, the crude was imported?

And what is your evidence that petrol from Kaduna is based on imported crude other than hearsay?

Ibwould like to think this would have been in the news now if it were true.

lomprico:
This is not a country! I dont know what to call it, we pay the highest tariff in everything, dstv, telecomm, power, air fair, fuel pump price, etc.

We are living in a jungle where survival is for the fittest. Damn!

That is incorrect. We don't pay the highest of everything.

When did she suddenly become this fair.

Odd!! How is a 3.75G network like etisalat and a 3.5G network like MTN faster than a supposed 4G network of Spectranet!!

I get the impression the OP works with Spectranet and is kinda advertising. If so, this is feedback right in your face!!

Was thinking of buying spectranet in pH, but if etisalat is faster, what's the point?

Airtel may be trying to be funny. I subscribed to the N90 unlimited for 30 minutes bundle as a trial and I couldn't download jack. Could only browse low intensity sites like nairaland , Linda ikeji etc. Music streaming, Netflix etc didn't work.

I'll give airtel the benefit of the doubt and try them again. If this happens again, then I'll know they are fraudulent and give up on them.

goodlifehyd:
You can't compare the speed of 2G to 3G so also you can't compare the speed of 3G to LTE

It doesn't necessarily follow. A few nights ago i did a speed test on Airtel and got 13.3mbps. I did a similar test on Smile and got 7Mbps.

A good 3.75G network can be better than a poor LTE network.

Most countries levy radio and TV licence. It's in our laws too, but we don't implement it. The govt has obviously gone for a smaller tax that will be fairly easy to collect because the banks will do it for the fg. And this is the way tax should be. Small amount but with an extremely wide base so the total collected amount becomes much.

SeanDada1:
Senseless country! I need to leave here ASAP!!

Oya go London na... and see how much you will pay in tax? My sister in UK has a decent job, lives a comfortable life, but I doubt she has £5000 in her account. If you earn N200k a month here you are more likely to be able to afford to go to UK more than she is able to come home. Because they pay so much in taxes, there is usually little left over each month.

We are still all stuck on this concept of development being free!! Development comes at a cost people. We'd all like to relocate abroad but go abroad na and see how much oyinbo man pays in taxes. Then you'll know that Nigerians are grossly undertaxed! How many deposits do most of us here receive anyway? If you are working class you likely receive a bigger deposit a few times and withdraw more often. Too be honest it's not a bad move all things considered.

PROVACATEUR:
How can we be going down daily and some people are still praising this govt. I import some of my wares and for sometime now I can't break even because the clients are not ready to shoulder the extra add on

And why are you importing? Why not think if making something locally.

The stadium should be knocked down and the land used for an entertainment complex comprising mall, park and amusement arcade. Some of the smaller sporting facilities like tennis courts, swimming pool, indoor sport hall etc should be kept and upgraded for members of the public to use for paying a fee, but the main bowl should go.

MadCow1:
Do you know the story of Woji to Artillery?

Do you know that Woji people (sponsored by Wike and some Chiefs of Woji) frustrated all moves by Amaechi to dualise Woji road?

Do you know they even took Amaechi to Court?

Do you know that Amaechi had finished marking some areas for demolition and even started the demolition before his tenure expired?

I am sorry for Woji people. They will be the biggest losers because Wike can't fix that road anymore. Rivers State no longer has that kind of money. And he can't afford to pay them the fraudulent compensation they were demanding from Amaechi especially when the structures are illegal. Wike is the demon behind why Woji road and Elelenwo road was not dualised by Amaechi.

Know the truth now.

Spot on! For those who don't know.

olukenzo:
Nigerians should stop being cry babies. This is the economic situation we have found ourselves in. Government can not continue to sugar-coat these issues.

We need to look inwards ->

Buy made in Nigeria goods
Import less junk
Be creative and export more
Spend your holiday in Nigeria, go to Obudu, yankari etc
If there's such a huge market in Nigeria for any imported item, ask your foreign partner to come and setup a factory here.

My country must prosper!

You make sense. Unfortunately Nigerian business men are lazy. We like easy business... buy and sell instead of make any sell. To some extent though we are not encouraged to manufacture in this country.

Thanks for sharing these high level numbers. What I'd like to see now are the specific details for each agency, ministry etc. For example which specific projects are budgeted for under the ministry of works, which specific housing projects will be implemented etc.

Boss13:
Kachikwu is a very brilliant man. His utterances inspires hope. This business model for the refineries is pragmatic and can be implemented. Let the refineries be responsible for their cost and revenue, hence consider thoroughly what their profit should be. I think future months to come will be an exciting period in Nigeria. Oil prices are NEVER going to go up except there is a major crisis in one or two oil countries.

Subsidy removal will eradicate fraudulent oil suppliers, whilst only serious marketers will remain. The oil marketers will complement in volume, the total oil consumption expected by the refineries. I know serious downstream investors will be watching Nigeria closely.

The era of impunity from fuel stations will be over soon. Now, these stations should consider customer oriented trainings for their staff because these changes are effectively positioning the customer to be KING. The customer can clearly choose which fuel station he would patronized.

You have a solid analytical brain unlike most people on naira land who are guided by petty sentiment.

https://www.eia.gov/petroleum/gasdiesel/
Some info on prices and make up of the prices.

Personally I think we should just remove the damned subsidy once and for all and sell our refineries. Despite kachikwus best efforts it cannot be as efficiently by him compared to if it's in private hands.

Tongsman:
pls, what formula did u use to arrive at 158, cos the 1 barrel-litre that the world know is 119litre. SMH for some people.

You should also ask him what he has done to the costs of refining and transportations and marketing.

Amberon:
if our government is a sane one, then petrol shouldn't even sell above 30 naira. because crude oil is at its lowest price in the international presently. So naturally, a fall in the global oil price should also mean a fall in petrol for consumption. but our useless government with their corrupt ways won't adjust the price to this effect.

about last year, the U.S govt slashed the price of gas by a third the normal price because gas got cheaper. Our useless government should learn.

Dude, you are not arguing from a point of knowledge. A few reasons why the price of petrol in Nigeria is not perfectly elastic to the price of crude:

1: crude makes up only about 40-50% of the petrol price in most countries. The rest is made up of refining costs, distributions costs, marketing costs and special taxes. None of those would have changed because crude prices have crashed.
2: even as crude prices have crashed (which should take the petrol price down), exchange rate has gone the other direction in the same period (158 to 200), which causes the Naira price of petrol to go up since we import it.
3: our method of getting petrol where we send it out, people refine and send it back means we are paying for extra profit margins, shipping and refining costs that most other people are not paying.

Let's do some maths.
Typical gallon of petrol in us averages about $2=N400.
Let's assume gallon = 4litres (it's actually 3.
The US litre=N100
US price consists if about 20% special tax
If we assume we don't want to put extra levy on our petrol and we back out the 20%, you might get to N80 give or take.

Also your statement about US government reducing prices cannot be true because the sector is fully deregulated in America. If the prices came down its purely due to demand and supply forces.

Hope I've helped.

Kingbilo:
Check out this link. It compares petrol prices of many countries including Nigeria in dollars. You'll see petrol here is quite cheap although it could be cheaper.

http://www.kshitij.com/research/petrol.shtml

Remember also that you can't directly relate the price of oil with the price of petrol. Oil price halving doesn't mean petrol price should halve also. After all, the cost of refining will remain almost unchanged.
Also, the inflation in the country means no change in the price actually makes petrol cheaper.. That is, if you buy N85 fuel a year ago vs buying it today for the same price, it's actually cheaper today even with FG forex regulations it's a fact.

Thankfully, someone with a lot more common sense than the average Nigerian. Really the types of comments I read when it comes to economic matters shows as have a generation of Nigerians who don't know how to think deeply, look for information, analyze information and reach more logical conclusions. Not surprising given our poor educational system.

darlenese:
OK, the government told u their intension is to increase it, and cause hardship right ?

To the best of my knowledge, the government didn't say that too!

But all I know is that they are trying to be professional by charging a market rate. Otherwise the privatisation is a bloody waste of time. I personally don't like things getting more expensive....who does? But as a proper student of economics, I can totally see the rationale. As my dad once said don't pray for prices of things to come down, pray that you can continue to afford it even as they go up.