₦airaland Forum

Kx:
They just effect an increase 2 months back yet they are talking about another increase again,why?
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The one they did in June was based on the old MYTO regime from 2008. The old MYTO had established the rate increases from 2008 to 2011. The one they are proposing from Jan 2012 is like a totally new revision of the MYTO, which now takes into effect inflation between 2008 and now, as well as increases in the price of gas and other inputs based on current realities.

Deep Soul:

This is so evidently fraud. Anybody can just come to Nairaland and tell u to text rubbish to one rubbish number, and una go follow.

Smh

DivideUs:
You are obviously missing the point,

1, Its not only for people driving their cars but also for people transporting cement, tomato to lagos etc, now do u get the noise?

2, 74 in first few months 2011 add that to the day to day living in everythin on the nigerian masses, while more that half of it is a ruse.

But hey if you think that's fine, trust me I can afford it but can every body u know?

mikeapollo:
Compaq,

Have you ever studied Social Economics before in your life?
You talk as if the effect of an increase in fuel price would affect only people using vehicles! Talking about people joining their neigbours in the cars to school/work is just childish and lacking in intellect. How many people do u expect to join their nieghbours vehicle in a country of 150million?
Have you considered the effect on manufacturers?

There is no 'real' subsidy on petrol in Nigeria. The excuses by govt is just silly. Mind you, it is a fact that the cost of producing, domestic refining and selling 1 litre of oil at the pump is about N30.00k.
What we are seeing now is a govt that refused to fix the refineries and then gave out licences to their sponsors and cronies to import, and they are now telling us that there is subsidy? Subsidy on what we can produce and sell profitably at N35?

Okonjo Iweala under Obasanjo told us that they would use the monies they get from subsidy removal to fix the power, infrastructiure,education,health, refinery problems in Nigeria. Where are those things she lied about? Nothing will improve even if they sell petrol at 150/litre because the underlining indutrial linkages that would add value to the econmy through local refining is not being addressed.

DivideUs:
I wanna ask this,-   say our refineries are working and can meet local demand, how much do think fuel and diesel will sell for?

N6 like someone says it sells in Venezuela? If so why are we not on the streets? Really!

mikeapollo:
Is this new to you people? Only lazy thinkers would believe that Okonjo-Iweal would champion/implement any economic programmes that will benefit the poor masses of this country. She is an agent of the World Bank/IMF and she will only do what her masters in New York instruct her to do.

This is not the first time. She clamoured and engineered the removal of fuel subsidy when she was Finance minster under Obasanjo, using some of the most illogical and silly excuses to justify their nonesense.  I remember Simon Kolawole of ThisDay wrote several articles to challenge the foolishness of asking Nigerians to pay more for petrol at a time when the price of the commodity was doing fantastically well in the global market and with the FG having billions of dollars in the illegal Excess Crude Account which was intriduced by Okonjo-Iweala.

At the end of the day, she became a debt collector for the World Bank, instead of bargaining for better debt cancellation for Nigeria just as several countries eg Egypt, Senegal, Ghana etc had very huge percentage of their debts written.

Okonjo-Iweala has nothing to offer the poor masses of Nigeria, she is for the World Bank/ IMF, period!