macho44:

Check My Signature for sure links

joyandfaith:

Ukraine would fall in 2 days.
2 days= 2 weeks=
A great army doesn’t ask 3 countries (Belarus, China and Syria) for military help after 2 weeks of fighting.
The Russian army is trash.
Russia is telling nations not to help Ukraine but useless Russia is asking for help.

dacool1:
50k

omonla10:
Mtn 1.5 terabyte for 48k

Abidecdrock:
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skaqe:
i have been trying to buy feg token on pancakswap for hours with no breakthrough, i used v2, i will be forver grateful if anyone can recomend anoda trading platform to go about it, tnx

pius4luv:
Good morning good people of Nairaland ,

Can someone please help me out with $1 of bnb smart chain so that I can withdraw my money back to my bnb account because my $27.11 has been stuck in my trustwallet platform. I’ll pay the person in advance ,I’m pleading in the name of God please do this for me .

0x02AaF48efa822864Dc86324A1432d3bE55C48b6d

Bornboy4:
You can get millions of WIN with just $5. It's moving to the moon. I bought $10 worth too.

bluefilm:
But when is the Dangote refinery coming into play?

Godarz:


Most refineries produce petrol as a major product

Because prices are subsidised petrol is noy profitable to manufacture in Nigeria.

As a result most of our refineries dont work

Plus there has been no subsidy removal in the past. For there to be subsidy removal

1. Government has to stop controlling or setring the price

2. The price setting mechanism should be in private hands

What has been happening is that government reduces the amount of money it spends on subsidy to a point it can afford. This manifests as price increases

Because these price increases are not market driven..refining petrol is not profitable here

(Most pf the new refineries are.refining diesel and kerosene which are not subsidized)

Fixing the econony requires more than subsidy removals

Godarz:


Our naira should become stronger in priniciple

However

1. A lot of our earnings goes to servicing the debts we incurred when oil prices were low and to be frank since 2014 oil prices have been lower than we need it.

Because of our high population and high cost.of extractong crude we need oil to be at 133 dollars per barrel to earn enough for a surplus balanced budget.

2. Also we spend a lot of money subsidising power and petrol. ( If we didnt by now power would have cost 90 per kwh and petrol would have been near the 300 naira mark). That bites into the revenue

3. Also because CBN is saving as much dollars as it can and restricting dollar flow, currency becomes weaker

4.Finally corruption insecurity etc drives off investment

Godarz:
That's the harsh truth

Either government keeps on subsiding fuel at a heavy cost to our economy, especially depleting our foreign reserves to supply fuel at a cheap price

Or we let marketers sell fuel at tge price they wish to sell it, eventually making fuel refining profitable and possible at home

alizma:

There should be no protest. Following the increasing price of crude oil, the increase in petrol pump price should be expected by any educated individual except the government is telling us that subsidy payment has been returned in full