₦airaland Forum

Many people do not understand the politics behind fuel subsidy and its dangers to the development and growth of Nigeria.

The intention of the government to subsidise petrol was simply to make the product affordable for Nigerians and make life easier. So, the average price of petrol in the world can be as high as N590, however, the Nigerian Government will subsidise the product and fix price at N185 bringing total amount of subsidy per litre to N405.

The average consumption of litres of petrol in Nigeria per day is 60 million litres. However, Marketers of the product loads as much as 100 million litres and above per day.

This means the Nigerian Government is expected to pay as much as N405 × 100,000,000 (litres) as subsidy per day to the Marketers of the product to keep prices at N185 for instance. This brings the amounts to N40.5 billion daily and about N1.2 trillion monthly. Kindly take note that this amount can either decrease or increase following prices of petrol at the international market.

So, just try to wrap your head around it and know what Nigeria expends on fuel subsidy alone in a year - obviously some billions of dollars.

Here's the irony of whole arrangement

1. Petroleum Marketers (major petrol dealers with tank farms) usually divert larger quantity of the subsidised petrol to neighbouring countries to resell at the international market price. So, they make same amount of money the Nigerian Government has paid on the subsidised petrol at the neighbouring countries.

2. This makes the product relatively scarce in Nigeria as the left over becomes lower than the daily consumption in the country. The implication is that petrol stations will be selling fairly higher than the fixed price of N185 (some sells N190, N205, N225, N250 and so on depending on the area). And during peak periods of scarcity, which are also engineered by the marketers, Nigerians still buy same subsidised petrol for as high as N400, N500 and even N800 as the case was in first quarter of this year while sleeping in filling stations. Again, marketers make double.

3. Marketers also import above the daily consumption of 60 million litres as seen above and still force the federal government to pay subsidy on the excesses, which are usually part of what they smuggle to neighbouring countries. Again, marketers dupe Nigeria.

4. This entire scenario makes a mess of the good intention of the Nigerian government to make petrol affordable for Nigerians.

5. This scarcity and high cost of the product despite subsidy leads to arbitrar increase in the cost of living. Transportation for instance, goes up crazily.

Moves to Remove Subsidy & Reactions

Therefore, successive federal governments having seen the outright abuse of the subsidy policy have always tried to cancel the policy so that market forces can determine the cost of petrol.

More so, the huge amount of money paid into the pockets of Marketers can be channeled to other meaningful venture such as infrastructural development, agriculture, social security, technology, health, etc.

However, whenever the move to remove subsidy is made, the Marketers are quick to shutdown their filling stations and deprive Nigerians access to the already subsidised fuel in their possession. This leads to instant scarcity regime and hardship (like we are already witnessing).

And while the marketers make more money on one hand, they force and instigate Nigerians against the federal government with the hardship created on the other hand.

Then, the innocent Nigerians who do not understand the politics behind subsidy go on strike, protest, attack the government and force her to continue the subsidy regime. We pay more for our ignorance at the long run.

The marketers are happy; they remain the top billionaires in Africa. Everyone loves them, wish to be like them, and celebrate them. Whereas the federal government count her losses, takes the insults, bears the bad name and pity uninformed/suffering Nigerians like you and me.

Will you support Tinubu to break this cartel, this subsidy syndicate and give us freedom or you will remain adamant and spread the hate?

That is the game by the Fuel Cabals against gullible Nigerians. Be wise and support Government.

@Seun, Lalasticlala, mynd44. Do the needful.

Which one con be this man standing behind married women and looking at their butts? Lol

Jennyclay:
I miss Buhari so much .


Someone should came and take me out of this country Biko!!

Can you join me in Germany?

LesbianBoy:
South easterners and south southerners steady doing well, making nigeria proud and breaking records left, right and centre. From Hilda now to these young champs.


The day hatred for people from these two region ends and they are allowed to become president WITHOUT ANY INTERFERENCE is the day nigeria becomes great. Unfortunately I don't see that happening because of the hatred and tribalism style of politics tinubu played from 2011 when Jonathan was elected till date. Now our country is so divided like never before

You guys will find every possible to drag in Tinubu into everything in this life. Haba! Make una stop all this hate for this man for once. At least, pretend to stop talking ill about him and watch how rapidly your life success becomes.

Jennyclay:
Our gateman went to get fuel just now and it was sold for #220

U sha want us all to know that una get Gate man for house.

allen113:
Everybody na king for him lane. I remember the days of Ateke Tom, Soboma, Asari and Co. Port Harcourt dn see something.

You forgot to mention Forfori who was later assassinated in PH around 2010. They are all same set then.

damilola4162:
See photos from the house HERE

U sha want us to visit ur site sha.

slawomir:
Damnnn niggar

This celebration is ephemeral

An ephemeral celebration
Transient, fleeting, short-lived, momentary,

God go shame una.

Felabrity:
They won't even allow him speak for 10 minutes to avoid any bulabas

Baba! He spoke for almost 25mins. God don shame una. Cowards. Thought you guys said he will never be sworn in?

Listen carefully, if someone passes the baton to another person, they pass responsibility for something to that person. If someone picks up the baton, they take over responsibility for something.

Una go cry blood enh.

With all this, we are still far behind in this country after all the politicians have sold the whole citizens and make us be like the under listed categories.


SOCIALISM: You have two cows, and you give one to your neighbor.

COMMUNISM: You have two cows, the government takes both and gives you milk.

FASCISM: You have two cows, the government takes both and sells you milk.

NAZISM: You have two cows, the government takes them and kills you.

CAPITALISM: You have two cows, you sell one and buy a male. You multiply your cows and there is economic growth. You sell them, you retire and you live on your profits.

MODERN CAPITALISM: You have two cows, you sell one and buy a male. You multiply your cows and you buy those of your neighbors. The latter become your shepherds, you pay them in monkey currencies and they die poor.

AMERICAN SOCIETY: You have two cows, you sell one and you have to make the other one to produce milk like 4 cows. By dint of producing beyond her capacity, she dies. You take a consultant to understand this death.

FRENCH SOCIETY: You have two cows, you go on strike because you want a third.

GERMAN SOCIETY: You have two cows, you modify them so that they live 100 years, eat once a month and treat themselves.

CHINESE SOCIETY: You have two cows, you sell milk to your compatriots and you produce plastic milk to export to the rest of the world.

BLACK/ AFRICAN SOCIETY: You have two cows, you eat them all the same day and you dream that donors or the international community give you others. You turn to God and hope for miracle cattle. You fast 40 days and 40 nights without eating or drinking so that the cows will fall from heaven. At the end, you die in extreme poverty.

So think well.

Where does Nigeria belongs to among underlisted discretions? Seun, Lalasticalala, Mynd44. Do the needful pls.

SOCIALISM: You have two cows, and you give one to your neighbor.

COMMUNISM: You have two cows, the government takes both and gives you milk.

FASCISM: You have two cows, the government takes both and sells you milk.

NAZISM: You have two cows, the government takes them and kills you.

CAPITALISM: You have two cows, you sell one and buy a male. You multiply your cows and there is economic growth. You sell them, you retire and you live on your profits.

MODERN CAPITALISM: You have two cows, you sell one and buy a male. You multiply your cows and you buy those of your neighbors. The latter become your shepherds, you pay them in monkey currencies and they die poor.

AMERICAN SOCIETY: You have two cows, you sell one and you have to make the other one to produce milk like 4 cows. By dint of producing beyond her capacity, she dies. You take a consultant to understand this death.

FRENCH SOCIETY: You have two cows, you go on strike because you want a third.

GERMAN SOCIETY: You have two cows, you modify them so that they live 100 years, eat once a month and treat themselves.

CHINESE SOCIETY: You have two cows, you sell milk to your compatriots and you produce plastic milk to export to the rest of the world.

BLACK/ AFRICAN SOCIETY: You have two cows, you eat them all the same day and you dream that donors or the international community give you others. You turn to God and hope for miracle cattle. You fast 40 days and 40 nights without eating or drinking so that the cows will fall from heaven. At the end, you die in extreme poverty.

So think well.

turmacs:
Later now if him enter the house and beat the hell out of the woman, shebi they'll start to call the man a wicked woman beater? some women just don't have sense.. I'll always treat my man with love no matter how stupid he gets, because I know they can get stupid at times and I know how to handle men like that. Marry who you can deal with when he gets crazy.

Is that you on your DP? If yes... let me knw, you can a of use to my company's marketing and advertisement depts. Pls acknowledge.

derecho:
Kikikiki...Former?
What about Late Koffi Anan?

Even is Joe Biden like make he follow the Thief carry hin shoes, Nigerians no send Tinubu or anybody.
Tinubu didn't win... Everyone knows this.

What do you mean by Nigerians? Speak for yourself and don't generalise.

Obipigs thought they have fans base than Tinubu, you guys should just try any rubbish with Tinubu, that's when you will all see how millions of pple love Tinubu and his fans base. Tinubu's Fans base don't make mouth like Obipigs. Tinubu fans are highly discipline and smart people.

WiszyFraud:
Did you know??



Medicines don’t cure diseases, they hide the symptoms.

Explain with details sir.

IbadeHQ:
He still dey baffle me how Igbo man go open mouth call Tinubu a drug baron.

I still never understand.

I swear to God.

saphiere:
Seun and his moderators are always eager to shift anything that ridicules women to the front page of his mighty forum.

Thank God you called his forum a mighty one. You just ended the discussion yourself. Gbam!

AUNafada:
Mine 🤔💭🤔💭🤔

God will forgive you oo. Say Amen!

SwissMass:
Peter girigory Obi is 100 % clean if not 105 % because he is "more" cleaner and "saint-er" than the archangels, if not because he is married, they will have compare him to GOD

English hard no be small. Go school, una say sam, na flirting life una come mother earth to live. Obi saint??!! Laughter wan kee me here.

Opor

Ofunaofu:
National honour that will be stripped immediately the court must have sent him packing

Thought una say he won't be swear in as far as una still dey alive?

chisomkachy:
https://dailytrust.com/just-in-zamfara-governor-under-investigation-for-n70bn-fraud-efcc/?utm_term=Autofeed&utm_medium=Social&utm_source=Twitter#Echobox=1684415763

Why won't he embezzled such amount of money when he had over 35 children and 7wives. Haba

Well done o Zuckerberg.... una go scatter this world one day sha.

slawomir:
Damnnn niggar
This might be how life was created...electrical discharge through some gadamnnn rocks and boom evolution and metamorphosis follows and we beings grow gradually large into the human size we are seeing today

Humans were never created by one imaginary being up there in the sky called God

Light up my third tie of weed for the morning

I was in a secluded apartment in the snowy and Rocky region of st Petersburg Russia on a work assignment Dressed in a black hoodie with a steaming cup of coffee ☕️ every morning
But something came up and I have to return back to Benin city
Travelling down cost about 10k dolls to reunite with my family

If you know who help me out with the money then you must be a real niggar

Nw prove all you said practically. Werey oni gbo.

kings59:
All to disrupt The court and election matters.

First was Idan
Then Kuti
Then this one again

I don't even remember the dated day for the petition by LP and PDP

Why do u guys from that region love connecting every predicament with politics. You ain't addressing the anomaly caused by your approved and supported IPOBs, instead, you find one way to connect it with Presidential Election ongoing case. I spit on you guys, haba.

IVORY2009:
Lol visiting him, does not speak for the whole Americans at large, we all knows what a Tinubu, can do with money 💰

This is the major reason i dislike this Obi-diot people.... if na Obi the Americans come greet now, it's genuine love but as e be say na Tinubu, he paid them to visit. That shows how tiny the brains of Obi-diot supporters are. Very hypocritical in nature.

Politicians will start giving her massive gifts soon.

SojWORLDWIDE:

https://www.youtube.com/watch?v=pLjMB7Bnvn8

A viral video emerged from the social media where an Apostle identified as Kassy Chukwu of Peniel International Church preaching from the Pulpit told his church members that the President-Elect, Asiwaju Bola Ahmed TINUBU ought to have been poisoned by his wife because he was too old to be the president of Nigeria, SOJ WORLDWIDE reported.

"How wish Jagaban wife poisoned Jagaban we for no dey do all these thing we dey do so, I no say make Im wife poison am o, I no say make she no still poison am.  Old man cannot lead us, old man cannot lead us."


He added that if the woman added small poison, Jagaban would not have witnessed the primary election.


https://www.youtube.com/watch?v=rRq0HF1NcLA

https://www.sojworldnews.com/big-story-tinubu-should-have-been-poisned-by-his-wife-apostle-kassy-chuckwu-video-plus-full-details/

I hope Xtians won't say Islamitization of Nigeria once DSS pick this one.

Omo Akin kooki nshe ojo.

Abi1985:
If you want Japa, please Japa. I am not saying you shouldn't japa.

They can tax so much - eh you want to cry
And sleep. Your own money goes to tax and more tax.

You are not really the owner of your property because of tax. Property tax is something else.

Child support payment na another thing on its own- if you like woman, please be careful not to have many baby mama e get why.

Nigerians back home cannot understand until they come here and experience themselves.

I remember when my cousin was warning me about the Uk. I thought he was talking nonsense until I came and experienced reality. Experience is the best teacher
If you are doing well in Naija, please stay and visit. If you are struggling, then please Japa.

Experience is not the best teacher o, it must leave you with a scar, that's if it doesn't kill you o.

Zonefree:
Forget patriotism, South Africa get fine girls abeg.

See fine tall girl with tender skin.
No bleaching
No toothpick legs
No burnt knuckles like PH bolé
No protruded belly as a result of excess goat meat pepper soup and catfish pepper soup coupled with Smirnoff ice and hollandia yoghurt.

Nigerian girls are mostly short like fire hydrant. You hardly see a tall and pretty Nigerian girl.




God bless South African girls for me abeg. See as girl set and fresh like today's bread.

Unlike our average Naija girls wey don bleach the whole skin finished with chemicals. Pls, let me give my opinion in peace. Their bodies will be used for practicals as cadavers.

Seductress4:
I can't cope any more oh. I tint my hair last week and I have been rocking it with better breeze touching my skull.

Lolz! I like your sincerity. How i wish i can know you better @ Seductress4

Tallesty1:
Not just women, free foods taste better. I recently discovered a restaurant that offers free food in a way but I am not dropping location.

No drop the location, they don dey use ur destiny be that o.