₦airaland Forum

tonychristopher:
point of correction ....its not Nigerians its some group of sophisticated ones ..pls in east and some south south region they have been buying pms 100 for more than 3 yrs and you do not have ar noise


I keep saying let the market forces which is demand and supply determine the price of pms et al. there must be an equilibrium price

it's just stupid for any idiottt to assume the price of pms will be the same in Lagos delta Kano and sokoto

where do you factor the logistic costs and other overhead

onatisi:
bro, did buhari actually say all these ? If he did then Nigeria is in some deep deep deep very deep problems .

Rilwayne001:
Firefire, I expect to see you counter the above.

Bottom line, [size=15pt] 8 more years to go [/size] After when Fashola will take over

tete7000:
What is this one saying? It hits, does it mean it has reached its peak and won't go up or come down depending on what happen in the crude market? Oh, you still didn't read and want to teach me english? Sorry for you! You really need help. You can't be enlightened.

PrinceMario:
#1.6b daily is less than #600b in a year. The otuoke goat spent over 2trillion naira in one year on petrol subsidy. We are yet to also forget the #3trillion kerosene subsidy. Foolish hypocrite wanting to blackmail a government which is less than 3months by justifying the cankerworm that milked us dry for 6 solid years.

tete7000:
I must say its quite sad and pathetic to imagine you didn't read before commenting.
Anyway let me help you out. The crude is sold for about $57 per barrel and the subsidy figure stands at the current price. Now what you don't know is that the subsidy cost will increase as the crude price increases. At some point in the last govt life, crude hit like over a $100 per barrel and that means during those periods they are paying almost double what is currently being paid if we assume there is direct variation between the crude price and subsidy payment (even though this might not been so but whatever, there is sure to be subsidy increase as crude price increases.)
In the life of this govt too, should crude price rise in the international market there is bound to be rise in subsidy payment and your stipulated estimate of over $500bn fade into insignificance with time. If the crude price increases far beyond what it is now, the govt might end up overtime pay close to/more than the $1tr past govt paid. This reason is basically why it is difficult to accurately budget for subsidy as crude price is a fluctuating figure that is difficult to be accurately predicted.
Hope you have been enlightened. It is not everything people in the past govt said that are necessarily false. Sometimes ago you had believe as told that subsidy was fraud but you can see now that there was no fraud in it but pure propaganda the opposition party uses in winning election.

Hope you will have patience in reading through. You need to be able to read to really be thoroughly learned.

tete7000:
I must say its quite sad and pathetic to imagine you didn't read before commenting.
Anyway let me help you out. The crude is sold for about $57 per barrel and the subsidy figure stands at the current price. Now what you don't know is that the subsidy cost will increase as the crude price increases. At some point in the last govt life, crude hit like over a $100 per barrel and that means during those periods they are paying almost double what is currently being paid if we assume there is direct variation between the crude price and subsidy payment (even though this might not been so but whatever, there is sure to be subsidy increase as crude price increases.)
In the life of this govt too, should crude price rise in the international market there is bound to be rise in subsidy payment and your stipulated estimate of over $500bn fade into insignificance with time. If the crude price increases far beyond what it is now, the govt might end up overtime pay close to/more than the $1tr past govt paid. This reason is basically why it is difficult to accurately budget for subsidy as crude price is a fluctuating figure that is difficult to be accurately predicted.
Hope you have been enlightened. It is not everything people in the past govt said that are necessarily false. Sometimes ago you had believe as told that subsidy was fraud but you can see now that there was no fraud in it but pure propaganda the opposition party uses in winning election.

Hope you will have patience in reading through. You need to be able to read to really be thoroughly learned.

bushdoc9919:
Of course...oil subsidy must go.

Importing the stuff costs more than selling it at N87. And subsidy just covers the difference barely.

We could cushion the effect by building more refineries.....but that is going to take time.

I know NNPC is a corrupt cesspool, and I know of the subsidy scams(which by the way happen because most marketers are making zero profit from the current subsidy regime)....but let's be honest, we are wasting money. Money which we do not have because....oil prices per barrel dropped.

PrinceMario:
You still have 7yrs+6months to wail. Keep the fire burning for the next 7yrs.

onatisi:
Apc and buhari are finding it difficult to implement a subsidy removal because they protested against it just 3 years back. How will they tell nigerians that they want to implement a policy they vehemently protested against 3years ago as been anti people. It will be more or less telling nigerians that they were lying all along and pdp will pick this up immediately and use it against them. Now they are in the middle .

Rilwayne001:
Mo ni baba kan o..baba agba to mo iyi omo. Ko fi wa sere, baba agba to mo iyi omo.

Cc: Firefire

rabex:
no...just to show d extent of my anger towards thos people

ricsman:
just like sinked PDP

queenzibah:
and buhari is a dullardi.nho...... Go and shot yourself

dearpreye:
Apostle, with all respect, it was a choice the people of Osun took on their own, without coercion or threat. The people are bearing the attendant consequences of their sophistication.

philips70:
My signature says it all. As per generalizing, I stand by my point that most people who defend blindly here based on tribal, political and religious leanings are very poor people. It baffles me because these same politicians whose kids will never suffer for a job put them in this condition.

Adultnextdoor:
Dear Barcanista,
[s]
I see that everytime you open a thread or counter-thread,it is only aimed at painting Buhari's administration black.It is obvious that you are big fan of the PDP group and every member under this political camp of hoodlums,so trying to convince you would be a total waste of time.
Each time you open-up a thread,its always filled with pointless evidence to prove your support for GEJ and other PDP members and show your dislike for Buhari and every member of the APC group.I've noticed that you politicized most thread that are in favour of Buhari and his administration.
I don't really have much to say to you but i'll ask you to do me favour by personally going through all of the threads you've opened,read the comments out of both your supporters on nairaland and those that are not in support of you,then ask yourself this question:"HAVE I SPOKEN BASED ON THE GOOD INTEREST OF MY FELLOW NIGERIANS OR IS IT JUST FOR MY SELF-INTEREST AND MY STRONG SUPPORT FOR GEJ AND PDP?
[/s]

If you [s]read through each word,you will see that i didn't ulter any vulgar word or insult against you and everything i've just written are my observations on all your political thread.

I respect the fact that you are a political analyst and firm supporter of politics.

ONE LOVE!!
ONE NIGERIA!!
ONE AFRICA!!

Courtesy:Adultnextdoor[/s]

MurderX:
They can even attempt to gay our president in the middle of the night. I pray Buhari comes back straight as 1.

Whynotthetruth:
Did they steal his ram

justirich:
brings you a piece on private jets in the world’s most populous black nation. As at March 2014, the BBC reported that Nigerians spent over $6.5 billion dollars on
private jets, making it one of the fastest-growing
luxury jet industries in the world. The following are
private jets in Nigeria and their owners



Source: http://naijarchives.com/list-of-private-jet-owners-in-nigeria/

philips70:
Yes, most of you and it's very true most of the wailers on this forum have not had a balance of N100k in their account before. Honestly, I will never defend anybody arrested or being taken to court for corrupt practices. If any of these guys live close to you they will not hesitate to use their mobile policemen to intimidate you without even knowing you die for them daily on social media. They even oppress and intimidate family members!

1after:
I dey hail you too my oga. Abeg Ino be baba olowo oooo