bixton:

This can't be coming from a CBN goveenor!!!!!
PBAT needs to fire him otherwise he is going to be worse than the previous.

Olaide1295:

I'm not going to insult you back.
There's still subsidy on imported fuel. The landing price is 1150 per litre, but it's sold at 900 per litre.

sulaak:


The real problem in the house is NNPC.

They have no oversight on the quality of PMS importation.
NNPC has destabilised the market with their subsidy. If the subsidy is removed, importation is quality controlled, and the modular refineries are supported, there will be more competition in the market.
Nigeria has a well-developed downstream fuel sector with more than 1.5 million refinery capacity, numerous storage farms, roads and railways. The problem is NNPC

OBJ should have deregulated the fuel sectors in 2005 as he did with the cement and telecom sector.

Flangelo12:


No, they stopped working under Abacha.

Under Abacha, there were motor queues for extended periods.

Flangelo12:


Political reasons even during Abacha's government.

I repeat, you are on the payroll of the marketers.

Flangelo12:


Refineries cannot be fixed.

Only a.mad man would continue doing something that hasn't worked for 30 years .

Refineries should be sold.

Flangelo12:


I should ignore what the marketers themselves said?

Certainly, you are one of their paid propagandists.

Flangelo12:


Dangote is not greedy.

Most Nigerians like to vilify successful men out of envy.

Antoeni:
What Do You Expect From a Tailor turned Senator,

Flangelo12:


You are an evil person.

For you to argue this fact, tells you have evil agenda.

Flangelo12:


Why are you confusing yourself?

The same marketers who claim Dangote's petrol is more expensive than when imported told us in June, that landing cost (outside of profit), is 1117 Naira.

Flangelo12:

Olaide1295:
Imported petrol cost per litre before subsidy: 1150 naira (or 0.8 dollars per litre).
Dangote Petrol cost per litre before subsidy: 850 naira (or 0.55 dollars per litre).

Yet, NNPC is happy to subsidize imported one and not the one produced locally (because they get kickbacks and bribes). That company is a crime scene.

casualobserver:




Your posts highlight what I said in a previous post on the matter.

This is a PR exercise knowing that most Nigerians are ignorant and do not have 2brain cells between them. While one faction blames Dangote, the other will blame NNPC. The end game is that while you are blaming factions and taking sides, subsidy has now been totally removed. NNPC is happy, Dangote is happy, FGN is happy.


Reminds me of a situation when I was young. 2 friends were sleeping with the same girl. The girl thought she was playing both guys but both guys knew. I was there one day when both guys were narrating how one day one of them called and she gave him some cock and bull story because the other guy was with her. The guys were comparing notes and playing along. The guys got what they wanted and it was the girl that got played. I will not be surprised if DRL and NNPC are comparing notes and laughing at the gullibility, ignorance and stupidity of many Nigerians!!

Dangote is getting a market for his product at market rates, NNPC is no longer paying subsidies, FGN is getting g more revenue since NNPC is not paying subsidies. Nigerians don’t seem to realize they are now paying market price for PMS.

In a few months, when Naira to Naira PMS rolls into town price may go down a bit possibly also as a result in the fall in crude prices and Nigerians will celebrate.

This template has been used so many times……We are so predictable!!