₦airaland Forum

Okhuadams:
Before the refinery everyone thought fuel price will be very low when he starts, but as usually it's still business and making profit. B4 1250 just a difference of 100 .is it worth celebrating

Every sane person knows that Nigeria is a country where citizens use tribe and to vote in bad governance, the last price is cheapest price they will buy.

EPIJOE:
You are part of the bad wagon if this country, we all knew he is a business ma benefitting from all corrupt govt. Why does he wants monopoly, same he did in the cement industry.

The same way he was given dollars to build refinary at a ridiculous amount. Can any sane Nigerian benefit from this.

Why was he quick to increase fuel immediately the price goes up at he international market and slow to reduce it when the prices had gone down soo fast. If we are looking for people that destroy this country, I believe dangote is part of the rot.

But all is in God's hand.
He is exploiting Nigerians. From cement to fuel. It's the fact.

Where is the monopoly?

EPIJOE:
Still not enough, Dangote is a thief, how much was crude when the way started? $70 and fuel was around #770/liters
Same $73 crude we are buying at #1125/liters this dangote guy is just using us to get his Forbes.

No regulatory body in Nigeria. Honestly NNPC is soo useless no functioning refinary

So if NNPCL refineries were functioning, you will be buying 50kobo per litre?

LibertyRep:
See whining. Alaye reduce to. #750 joor

The independent marketers with licence should import and crash the price.

When will Nigerians stop daydreaming after using tribe and religion to vote in bad government?

Kingpele:
It should be reduced to atleast 700 since the USA and Iran war is technically over

Has all the money created into circulation by Nigerians borrowing loans to survive be taken out?

israelmao:
Upward review of civil servants' minimum wage may increase the purchasing power some civil servants with its multiplier effects reaching business people but if FG is focusing on civil servants alone it is a little drop out of population of more than 250million Nigerians.

Increase or decrease there purchasing power?

b0rn2fuck:
Funny but strange, he should just make price of stuff come down, even if minimum wage increases,price of things can triple, we are no ode

Are you actually waiting for Tinubu who promised to reduce your purchasing power during his electoral campaign to reduce prices?

geoworldedu:
Whenever some people open their mouths to say that 200k or even 300k is not realistic, I always sense people who are still very gullible and are already affected by stark poverty. Because I don't understand how the senators will be earning in millions and even some people lay hold on billions many times in a month and then you think ordinary citizens are not entitled to 300k monthly, which is still not going to be sufficient in the cities where things are very costly.

Is like some people want to experience the hyperinflation that happened in Zimbabwe years ago

RollinTNDA:
Make minimum wage 2.5 million
And I will vote for Tinubu

You seem to love the idea of pushing a wheelbarrow load of money to buy bread

orisa37:
DON'T REVIEW MINIMUM WAGE OF N70000 BUT USE THE MINISTRY OF COMMERCE AND INDUSTRY TO FORCE DOWN
1, PETROL PRICE TO N750 PER LITRE
2, DOLLAR TO NAIRA AT $1 TO N750 AND
3, CEMENT PRICE AT N750 PER BAG.
YOU WILL BE GLAD YOU DID.

The best definition of a failed government defined by a citizen in 2026

nairalanda1:
Jesus!

Someone explain to the guy that more crude coming into the market, means...increased production...falling oil prices...cheaper fuel in the long run.

PLus why must workers on the oil rig and the refinery earn poor salaries just because of cheap fuel.

There is nothing cheap in this world. And yes, I am not a effing tinubu supporter, and am voting for Obi next year, before anyone starts.

More crude coming to the market, falling oil prices. I don't think the price of crude are controlled by this textbook theory when oil futures are longed and shorted on commodity exchanges.

Uhtred:
If you understand technical analysis of the stock market, you will realize that it's just market manipulations. Some institutions are selling their stock thereby causing a drop in price. Same institutions will buy back at a lower price and the market will become bearish.

Summary: Elon will recover his money back.

When they buy back, the market becomes bullish.

TruthU87:
https://www.telegraph.co.uk/business/2026/06/23/elon-musk-loses-record-350bn-in-a-week-as-spacex-slumps/

CFD investors who shorted this stock has made tons of money.

Ipobfraud:
Where can i buy the spcx stock? Kindly enlighten

Bamboo, Trove and co

anonimi:
The one mentioned below.

$84 billion saved from thin air?

WantsandMore:
you either lack proper knowledge of macro/micro economics or have never heard of a mix structure of economic system.

Answer the question

Stanna2025:
And yet we are borrowing, yet we are the poorest nation on earth. It won't be well with everyone packaging this fraud

How does the news above relate to borrowing?

WantsandMore:
let's consider selling whatever is left to Dangoge on a discount to reduce the pressure on fuel price .

You want subsidy but you don't really want subsidy, how confuse can a country be?

anonimi:
This is NOT true.

How can we surpass OPEC quota, save billions of dollars in subsidy removal, reduce imports and increase non oil exports YET the master strategist has failed to deliver on his short term promise of N300/$1?

This is not just impossible, it’s also impossiCan’t.

What is Tinubu doing with all these revenues




https://www.youtube.com/watch?v=Bn29b0SkCWU?si=7R3mnj6mVplfAIIZ

Which dollars was saved from petrol subsidy removal?

DeltaBachelor:
Okay. Congrats. However this progress should reflect positively on Nigerians as well

1.53 million barrels of crude with 230 million?
Can a seed of rice satisfy a hungry?

Majority of the comments on this post failed to realized that Western companies like Dunlop and Michelin were only dominant because they were the only manufacturers in the market. When Asians entered, the whole game changed. Asia ranking lower in the economic level gave them an advantage.
Now that Africans are tired of exporting raw materials and now into manufacturing. Western products have little to no place in the market.

gigabyte13:
Power generation in Nigeria is very very possible, we just have thieves and rogues at the helm of affairs.
Infact we have all it takes to generate 24hours power supply uninterrupted.
I lived in jebba, kwara state some years back, you will be shocked that , Nigeria can have uninterrupted power supply for a full week..
We used to off the fridge because of the freezing rate of the freezer.

Nigeria is so blessed with everything in this world but we have cursed leaders.
Once they attain power
They become cursed.

Nigeria's electricity problem lies in transmission and not generation.

Yong4ever:
It reduces forex outflow for Imported subsidized fuel (e.g., Premium Motor Spirit in Nigeria) requires the government or state oil companies to heavily fund imports with scarce foreign currency. Removing the subsidy stops this constant drain on external reserves, leaving more dollars in the Central Bank's vaults.
have I answered your question now?

How does petrol subsidy removal reduce the outflow of forex?

MakindeHassan:
Did you read where I wrote they might have to give less than 1 million rand? Is 1 million rand equals to $1 million? Or your fingers were itching to type something. Please when you want to engage in intellectual conversations come with some intellect.

Simple question
Do the Europeans and Americans pay her citizens one million dollars and euros?

Wakanakarue:
Foreign reserve keeps rising while Nigerians keeps getting poorer and struggling to feed and provide basics.


Something is really wrong with this voodoo economics of tinubu.

Rising?
What was the foreign reserve and it's per capita before APC came into power since 2015?

Yong4ever:
Despite subsidy removal this is what you can boast of, foreign reserve that should have been far more the current figure, yet you're borrowing, no positive impact on the masses, only showing figures on papers.

How is foreign reserves related to petrol subsidy removal?

MakindeHassan:
This is a lie sold by Nigerian politicians to the citizens so you don’t expect better from them. As an economist, so long your production (GDP per capita) exceeds your spending and money printing then you will not trigger inflation by paying more. Many European countries and even the US pay unemployment benefits to protect the vulnerable from falling into the poverty trap. It has many advantages such as reducing crime and preventing multidimensional poverty that can transfer from generation to generation (which becomes harder to solve and brings societal issues).

So long Nigerian Government keeps telling you that if they pay you higher it will trigger inflation, you will be discouraged from demanding higher.

Now to the South African case, they are probably not producing enough to give all unemployed 1 million Rand a year but you cannot say until you see their financial statements. They may have to give less than 1 million or an amount that falls within what they can pay within their GDP range.

Do the Americans and Europeans pay her citizens one million dollars and euros ?

yemre:
Excess money was created long before the strait of houmouz was blocked. All we experienced since Feb 28 till now is as a result of the Iran-US-Israel crisis which led to the closure of the strait and it resulted in reduction in oil supply all over the world. The demands then overwhelmed the supply and that triggered the hikes.

So, it has nothing to do with the injection of funds into the circulation

You are not getting my point. When the strait of Hormuz was closed, yes oil prices and petroleum products rose in prices but let's talk about the effects on monetary economics.
Many Nigerians and there businesses has no other option than to borrow money from banks will creates money into circulation hence increasing the money supply. This excess money created as the effect of war has result in having more nairas chasing after few good and services than before and until they pay the loans to destroy the money created. The prices of goods and services may not decrease as before the war.

alobright17:
OPay supposed be number , they have POS point everywhere and there services is the best 😂

This is how people fail exams. The post is talking about the top 10 Nigerian commercial banks with branches and somebody is mentioning POS operators.

BarrElChapo:
OP a question.

If incognito browsing will give your network provider/internet service provider access to what you’ve been doing, does this mean that one cannot truly be anonymous on the internet ?

Anything that should be anonymous be stay off the internet and any electronic device. There are dozens of spywares installed on your phone accessing your files, using your front camera and microphone without your knowledge. Anything posted on the internet remains on the internet for life and is accessible to anyone with the right technology even when you are anonymous.

blowjohn:
Nothing inspiring here.

Nothing innovative.

U might even be flexing more than them. That's the truth.

Yesterday I had a full roast chicken, lemon water, rice and stew with ram. Pork suya at night. And lots of salads.

What more could one ask for to enter one's Belle?

You got it wrong thinking they enjoying life on a floating conference centre. This yacht is registered in Monaco, a tax haven and offshore financial centre where business opportunities across the world accessible as in oxygen in the atmosphere. This where the utra-rich discuss, design and sign business documents on international waters outside any countries law.

iamrealdeji:
Do they not feel cold? I prefer being in a luxury home.
Rabiu,just don't forget to observe your salat 5 times daily even in your yacht. Yacht can never match the pleasure of living in a luxury home. Proximity to mosque 5 times a day and proximity to shopping at the mall, proximity to different spots. Yacht is too expensive to maintain and it's not worth it. Only useful for those that rent it out. Living at a home and travelling to places is much better. Yacht is just a mobile home,nothing special

Yacht is only expensive to those who bought it for the wrong reasons like luxury. Billionaires and millionaires across the world buys luxuries like yacht, private jets, artworks, expensive cars to reduce there tax bills and increase there company's profitability.