₦airaland Forum

tactius:
NNPC cannot sell fuel at N170 per liter for ever...prices would have to go up because....workers salaries have to be increased, and upgrades to the refinereis have to be made.

Capitalists are selfish...but they also use the money to reinvest in the economy...which usually means more jobs. Capitalists don't juist go and sit on the money they make.

tactius:
Government cannot build new refinereis...because of the matter of subsidy.

Subsidy works this way. I import fuel at N200 per liter, and sell at N145 per liter to marketers, while government pays the N65 balance. Meaning I cannot make a profit (this is what NNPC has been doing for the last 4 years. Before it was marketers).

Plus, as the price of imported fuel keeps on going up,,,,,so also the cost of the subsidy of fuel per liter.

Building a refinery would be basically like building a big loss making machine. NNPC would build a refinery, and then be refinig fuel at N165 and selling it at N145 to marketers. Meaning NNPC cannot make a profit...meaning it won;t be able to maintain refienreis or build new ones adequately...which leads to job and investment losses.

Or let me explain it to you more simpler..

I am selling shirts. I buy my shirts at N5000 and plan to sell at N6000. Government steps in and forces me to sell at N3000 , while they pay me N2000 as subsidy. The shirts are made in Nigeria, but because of rising labor costs in making the shirts....the cost then goes up to N7000, and government pays me N4000. Next year, shirts go up to N8000...and the subsidy costs increase...and I am not making a profit at all...and the shirt manufacturer is losing money and has to cut jobs because I cannot pay her, or pay workers.

The best incentive you can give to any investor is to allow him or her make a profit. If you cannot allow a profit to be made...things would get harder.

We spend 1.5 trillion on subsidy by the way. Yearly...money that could have been used for other things. And NNPC is not making a profit.

tactius:
Most Nigerians don't earn much...that I know.

Problem is, if we continue with subsidy with the poor revenue we are getting from oil....we may reach a point where we are so broke that increasing prices would be something that has to be done to prevent us from being bankrupt.

And your friend will still end up paying high prices for power and fuel.

It's the harsh choice we have to make...save money or spend money we don;t have.

As I have said earlier...it;s an argument I don;t like making.

tactius:
That's the truth...

But the thing is, we can't afford subsidy on the current crude oil prices. That is the reason why we are taking loans like there is no tomorrow.

So subsidy has to go...or we may be so bankrupt in a few years that circumstances would force us to take that decison

Or we just keep on taking loans.

Tocynone:
Thank you former CBN Emir

lilmax:
As far she's not killed

boys go through worse

leave them to live their lives

opeajileye1:
How was he able to cope for 11 years?

bukatyne:
If the wife is wayward, dirty and disobedient, is there any reason why the custody of the children is given to her?

Is the child care relied solely on the husband while they were together, who would care for the child now they are divorced?

That judge needs a bat to his head.

hisexcellency34:
Stupid reasons for dissolving a marriage

Gazzy88:
may his soul rest in peace.

QueenSekxy:
I don't go on a date, but then, these doesn't make sense.
So, how much is the food that you little rats will have to come here to whine about? After all, most of you date so that the lady in your lives can cook for You.
Mtcheeew.
Please ladies, anything you wanna eat, please do. So long you didn't put a rope to his throat.

AwkaetitiBabe:
Students....


Well, we did it during our time so I can't condemn

virgoquin:
Might be that they are having a thrëësome

DaddyMorenike:
It's called the ijebu grasshopper..

femi4:
Millipedes ....they are fatter than centipedes

starbuck:
It's a centipede and the only difference is that the one in your house don chop belleful

Mraphel:
Raped or fuckedd?

Mrkumareze:
Thank God, this one is gone forever

Nightking04:
I think it's a centipede

Werleed:
Centipede

starbuck:
Not a new thing, I have once seen it happen in a hospital and the doctor immediately locked the door...

It was in a private hospital

kamez:
whenever I see criminals tied like this eeeh (hands tied tightly behind their backs) I remember 2005 two weeks before my WAEC exams when I still dey form bad boy.....

got arrested with some of my friends..na so them tie us like this and kept us inside the cell for 24 hours... by the time they Untied me, I couldn't feel both hands again..... (imagine ur hands tied like this for 24hrs) believe me, this thing pain die!!!!...


by the time I left the cell, I had given my life to Jesus... I swear i abandoned bad boyhood from that day forever

harkandey:
why would any sensitive king go for another someone's else wife, when he can bleep any single lady's anyhow he want them.

Nyamiri:
That must be your father.

Nyamiri:
Igbo girls are beasts in bed.
Them full King's Hotel, Dragonara, Rita Lori, etc
Nyamuri don suffer.

Sexual slaves of Nigeria.

Benbisco:
OP, I feel for your friend and wish him well but I have a bone to pick with you on this matter.

Lastly she doesn't flow in bed(dead wood) and my friend through me has tasted some igbo girls and we know igbo ladies are beasts in bed(we love it like da)he complains of her being too modest in bed and this is funny cause I believe he solely got married cause that was the only way he could have her.

At this point, I reserve my comment.