₦airaland Forum

Kennytopp55:
Too bad, killing an unarmed citizen. Meanwhile today is my birthday guys show some love 0216980425 Gtb. God bless

Fountainofyouth:
You really need to understand a statement very very well before asking these your lame questions.

PoliticalWitch:
Well, one solution is to remove fuel subsidies...

Here is the thing. Fuel is being smuggled to neighbouring countries...because

1.In Benin, fuel is N298. In Niger, it is N370, and in Cameroon it is at least N300 per liter.

2.Subsidy works this way. Importers buy fuel at N200 per liter, and sell it to depot at N137. Government pays the difference (N63) between the cost of importation and sale...meaning many importers cannot make a profit.

3.So importers import fuel, smuggle some across the border....and make a cool profit.

4.Also, a lot of fuel marketers make a lot of profit by smuggling fuel across the border too. Buy fuel at N137...sell across the broder at N300 and above....that 's a tidy sum made.

5.Deregulation, while being hard on Nigerians (before you shout at ,me, I am fully aware that removing subsides is going to be harsh, and God knows I wish it was not so), would end this smuggling.

6. We could save over N500billion annually or more from removing subsidy...which could eventually lead to making improvements in trasport, education health, etc.

7.Investors in our oil and gas sector would be attracted, which means more refinereis, and crucially more jobs.

Peacemaker5129:
Iyanmiri will still disobey this instructions
Oloyede should focus on shout yeast centres

Notatribalist:
big fool,keep selling your country to outsiders.. Idiot.