₦airaland Forum

Beancounter94:
Well, on the other hand, allowing the government to set prices for all businesses would lead to them making huge losses, which would impact on their ability to do things like employ people, and keep their businesses running....which could worsen our economic situation, and make things more infinitely worse.

The fact that you have home internet was made possible by Obasanjo allowing the GSM companies to set prices , not the government. They made enough profits to build our IT sector infrastructure to the level it is today. No need for government to spend a kobo setting up antennae and so on.

Hollicom:
Hey fellas,

Please what’s the purpose of the dick slapping on top of the pussy before sex? Does it mean, it deleted previous settings? Cos I am not understanding....�

ayenale1:
What has land border gat to do with PMS subsidy?...

dukie25:
APC (MamaTee) caught red-handed posting an image of a road in Pakistan and crediting El-Rufai for constructing it.
Thank God a Pakistani man saw the tweet and corrected the obvious propaganda.
What are they going to steal next>> Maybe an airport in Dubai and crediting Yobe governor for constructing it.

Some of these supporters are shameless.

https://twitter.com/mamatee001/status/1426062172690558980?s=20[/quote]Anything to promote the terrorist governor is a welcome development by the evil Party.

KingOfAllIgbos:
Yes I agree. My father lacks common sense.

Beancounter94:
Meanwhile to keep petrol prices cheaper, we have spent, and are spending trillions of naira to keep prices low.

But at some point, you cannot import fuel above N260, sell it at N162, OR REFINE fuel at N188, sell it at N162, and pay a subsidy that does not cover the costs or guarantee a profit...meaning that you cannot have good refinereis, and the ones you have go bad because not enough profit is being made to fix them.

Lord knows I used to think like you do now years ago...until I did my reading and saw how the subsidy regimen is affecting our economy and our petroleum industry. To the point that we are selling subsidsed fuel to other African countries...at our expense.

At the end of the day, it is either we get working refineries in return for a brief period of price increases, so that enough cash can be made to fix years of forced losses....or we keep on accumulating debt in the name of subsidy.

Good even.

KingOfAllIgbos:
Keep quiet. You're supporting him simply because he's Igbo like you.

Use sense with your tribalism.

The fact he reported first doesn't mean he's not a crook.

Anyone who CAN'T understand my post isn't smart. No offence

Common sense dictates that you hear BOTH sides of a story before judging....

Some have concluded that the first person to accuse is innocent. No wonder Nigeria is in a mess. Lack of critical reasoning.

Beancounter94:
.

Yes, and I just outlined to you how the incomeptence worked out.

Price controls are a nice way of wrecking your economy long term



Well....last I heard, government would/will be selling crude to Dangote in naira.([url=https://www.proshareng.com/news/Oil%20&%20Gas/PIB--Dangote-Refinery--Others-to-Buy-Crude-in-Naira/58001]See here[/url])

Plus, whether naira or dollars, if you sell fuel at a price below the cost of refining it...you don't make a profit to fix and upgrade your refinereis. and build new ones.



And the petroleum training institute in Delta state, as well as the various training by many an oil company, and the fact that Nigerians have been involved in oil exploration from the ground to Nigerians owning oil exploration companies......




Well, I can type this from my house because Obasanjo allowed MTN, Econet (now Airtel ) and glo to exploit Nigerians well well. All our IT infrastructure was made possible by allowing these companies make enough of a profit to justify investing in Nigeria.

Meanwhile the kelptomanina you speak of is what made us spend 6 trillion naira in 5 years, so that you guys could enjoy cheap fuel...at the expense of more debt and our froeign reserve...before Buhari came into office to spend more...we are now spending over a trillion a year on subsides.

At some point it has to stop.

Buckeyemedia1:
Your papa is no different from President Buhari, demonic people who call themselves elders.

Frales6:
hmmm.

Rozcol:
kikikiki see as she's using men and dumping them,argue with yourself if you think the future is not female

10mobile:
And, what have you gained from spoiling someone else's hussle? You've got a witchcraft spirit in you.

Meanwhile, SFU means "shut the fvck up". Please, tell the Nigerian Police to correct it.

CharisEleos:
You caused it.

There's something called, " minding your business" and you didn't do that. Haven known the kind of parole going on there, you should have just kept to yourself and minded your biz but you chose to meddle in the mess that was already on ground, claiming you can handle any situation. Now you've gotten your fingers burnt putting your job on the line.

The thing is, now that you're in his bad books, even if you don't leave the job, he'll look for a way to terminate your appointment if he doesn't succeed in frustrating you out of the job.

Well, since you said apologizing is not a big deal for you, I'll advise you go plead with him to forgive and let you work in peace.

Okoroawusa:
Buhari is gradually building the Nigeria of my dreams. A Nigeria where fuel subsidy will be a thing of the past and be sold at market determined price. A Nigeria where refineries will work optimally.

I am ready to suffer now so that my children will enjoy a better Nigeria.

I Love PMB

Beancounter94:
And the refinreis are not working because for decades they were selling the products like fuel and kerosene below the cost of production

Meaning they lost money and thus could not fund their upkeep adequately.


Even if they fix the refinereis now they have to earn enough of a profit to fund their repairs and to also fund upgrades and also build new refinereis too.

Which is why subsidy has to go

Beancounter94:
Good.

So if I was the president of Nigeria and you were selling rice at 50000 a 50kg bag which you bought at 35000 a bag. I have the right to set your price at N10000 a bag, so that you lose 25000 per bag sold

Because you too should not make a profit at the expense of Nigerians.

But don't worry. I'll pay you a subsidy that costs 5000 naira per bag sold so that your loss would just be 20000 naira.

Beancounter94:
Please can you explain how someone selling at a loss can run his or her business profitably?

Please can you explain how we can survive the debts we incur from subsidising fuel

If you can answer the two questions, I'll answer yours.

Good morning

ayenale1:
It might not be easy or convenient at first but prices will drop in the long run...didn't people bought sim cards for 30k the last time i checked no call centers like it used to be ...how much is sim cards today, government only needs to put modalities in place so that the masses won't feel the heat but people go trek o...

Beancounter94:
c

Well, they claim to be fixing the refinereis now, so I guess that's that.

Plus, it is like you don't understand how a subsidy works. Basically once upon a time, we sold fuel from our refienreis in this country.

Government forced NNPC to sell fuel at a loss...and paid a subsidy which should have covered for the loss.

But since the cost of producing one liter of fuel keeps rising..our refinereis operated at a loss, and fell apart.

So we imported...meaning the cost of subsides went up.

And we are importing and importing, and subsidsing what we import....

At the end of the day, we have a choice...keeep imporitng and subsidsing and getting into more and more debt, and lose millions of dollars.., or make it prfitable for refineres to operate in Nigeria.

P.S The refinereis are not working because they were not allowed to make a profit, thanks to subsidy.

sisisioge:
Dangote biko finish your refinery before these people ruin Nigeria patapata! They said the suffering is not enough!

CharisEleos:
Lol... .

People with different problems. Excess of everything is not good.

It is well.

debbydams:
u supposed don understand what really happened na,u wan make we unwrap moi moi finish before u understand?

LilMissFavvy:
She never cared about the emotional trauma she put her parents through . Some children are very wicked, 2 good weeks. The guy who misled her should be persecuted for rape of a minor. It is good to have 2-3kids, so that when the black sheep begins to hurt his/her parents, the parents can have other children to take consolation from.

Rozcol:
I know comments that'll follow from silly nairalanders

zombieHUNTER:
Story

Not when Buhari is alive and still the president

All lands belongs to fulani herdsmen especially northern lands.. go ask Benue if you doubt me..

It was this very evil being supported by Buhari government and his nepotic body language that gave birth to IPOB and Odua republic agitations..

Those evil and ill informed youths wishing IPOB fails are also wishing they die cowardly without knowing...

Buhari is a bigot...
Buhari is a Nepotistic dullard
Buhari is a corrupt evil Man
Buhari have succeeded in dividing the country
But little did he know that the fulani Terrorists he's pampering today will soon get it hot hot..
He's not a life president..

Every Southerners should eshew tribalism and make sure 2023 produces a sound southern president to upturn and uproot evil planted by Buhari...

Monogamy:
Good morning northern Nigeria

iamDrRhymes:
Long live President Buhari. God bless the Federal Republic of Nigeria.

Handsum64:
PDP and wailers are just impossible

Mikecold:
A terrorist would always fail