₦airaland Forum

sleek214:
Dangote and other marketers are pure evil

You who kept quiet when petrol subsidy was removed but still want to buy petrol at subsidized rate is more evil

Macphenson:
Oh really? For over two weeks now?

Interesting, but when he had old stock and he immediately increased the price of petrol as the price of crude rose?

Una mumu too much.

It is also interesting how you expect to buy petrol refined from higher priced crude at lower priced crude, your mumu must be truly advance.

Reference:
But what people are saying is that when crude prices go up, the response is almost instant, gasoline prices sprint after it....so I ask you also....WAS IT REFINED FROM OLD CRUDE.... So your argument is invalid. Moreover gasoline prices have retreated by much .more in other countries. Do your investigation. Do they operate a different kind of capitalism.

Anyway this is exactly why I had been incensed when NIGERIANS fought for Dangote to flush out unionism when they know that Dangote is the defacto NNPC refinery, that is a complete monopoly in domestic refining.

Unionism amongst many things is A PUBLIC WINDOW into the operations of any organisation or industry as a whole. Through union members the internal workings of a company, the decision making, operational modalities, challenges, advantages, strategic planning, all that stuff leaks out. Making it is more visible on radar.

So just as we knew NNPC's refineries were not properly maintained, were not fully operational, were blending rather than refining despite government's denials and coverups so we will have known what makes for the persistent high prices of fuel products the Dangote refinery is churning out.

You simply cannot subject a country of 200 million people dependent on one gasoline tap to remain deaf and blind to what is happening. How do you begin to control what you cannot even reach.

Dangote has desperately fought to make this a sellers market and with every passing day of victory and the withering of all checks and balances, Nigerians are in for a most uncertain future.

It is either you buy petrol at market prices and you demand subsidy from your government.

U

malali:

Subsidy removal was step one. Done deal. But this government removed the guard rails and left Nigerians completely at the mercy of greedy monopolists whose only interest is maximum profit.Crude prices have crashed globally, yet pump prices refuse to drop meaningfully.
Marketers and refiners are laughing while citizens bleed.Other countries protected their people with regulation. Nigeria? Total silence. No pricing committee. No competition. Just one refinery holding the nation hostage while inflation destroys us.This is not deregulation, this is deliberate abandonment.

Nobody is talking about subsidy removal here, subsidy removed doesn't mean there wont be regulation or guardrails to prevent price gouging or exploitation of citizens.

According to your comment, you don't want to accept reality. You are okay that subsidy is removed but you still want to buy petrol at subsidized rates. You can't eat your cake and have it.

Macphenson:
First this is not market forces, the price of crude is down so the price of petrol should be down..

Secondly, I did not clap for Tinubu when he removed subsidy.

The petrol you are buying, was it refined from old crude bought over a $100 per barrel or new crude?

GreenCovering:
Dangote, you can't be right all the time. As your supporter I expect you to play by your own standards. Bird came to tell us that they were fully exposed to the market when crude oil prices rose sharply up to $120 per barrel necessitating an immediate upward adjustment in fuel price simultaneously. Is it not in the same market that you are exposed to that the same price has crashed back to
$72/barrel or even less? The pump price should reflect the same swiftness too.

The right thing like selling at loss to have moribund refineries like NNPCL?
Or the right thing by your federal government introducing temporary subsidy on petrol?

oz4real83:
When govt officials have personal interests in private businesses, they will abandon their regulatory functions and powers. These private business men fund the lifestyles of govt officials and political, this country needs total formatting 💔

After using tribe and religion to vote bad government, blames imaginary things!

OmoAlphonso101:
Dangote is a branch of the Nigeria government... very wicked people everywhere 🙄

Wicked people are those who quiet when Tinubu removed in 2023 and expect to buy subsidize in 2026.

Apus:
Market forces no see this one. Dangote really disappointing Nigerians after all the support and advocacy he has received from the Nigerian populace. Quite frightening to see the extent man can go to exert unnecessary pain on his fellow man.

So the current price of petrol you are buying is determined by subsidy or market forces?

Macphenson:
They should simply cal out Dangote for exploting hapless Nigerians. Why is the govt of the day keeping quite and allowing this criminality.

Exploiting you or the market forces of demand and supply they taught in school and you celebrated Tinubu for removing petrol subsidy?

Olokonla40:
Dangote is not different from Tinubu, they are both green snakes under the grass. Petrol was ₦650 before Iran and Isreal started, immediately the war started crude oil jumped up to close to $100 per barrel. Now crude is selling for $72 per barrel & petrol is still selling at ₦1,200. Shame on Dangote & Tinubu

Was it Dangote or Tinubu that announced "subsidy is gone" in May 2023?

malali:
This is exactly why Nigerians are suffering. The same government that forcefully removed subsidy and told us “market forces will work” has suddenly gone deaf and blind while marketers and refiners exploit citizens mercilessly.

They were quick to remove subsidy, a so-called “national decision.” But now that crude has crashed and consumers deserve relief, the government is nowhere to be found. No pricing committee, no regulation, just pure silence while a few people smile to the bank.USA,UAE, Saudi Arabia, Iran, Iraq, even countries we love to insult, stepped in to protect their citizens with sensible pricing when crude fell. But here? The Nigerian government looks the other way, leaving us at the mercy of greedy merchants whose only religion is “more money in our pockets.”Inflation is already choking us.

Cost of living is unbearable. Now even fuel refuses to come down. One refinery cannot hold the entire nation to ransom. Activate the pricing committee immediately. Let genuine importers compete. Protect the people you claim to serve!Enough of this selective deafness. Nigerians are not fools.

The first paragraph of your comment shows the major problems of Nigerians.
During the 2023 electoral campaign, all three major presidential candidates promised to remove petrol subsidy when they get into power. Tinubu got into power and announced that "subsidy is gone", frame it "free money to rich", corruption and quoted market forces determining the price. President Tinubu was praised for removing subsidy corruption as they called but own myopic brains didn't us that subsidy was shield protecting Nigerians from the real price of petrol.
Now, it is not up to fours that petrol subsidy was removed and now that you are tired of market forces determining the price of petrol shifting blames.

Dangote Refinery has reduced its petrol gantry price from ₦1,175 to ₦1,125 per litre, while the coastal price fell from ₦1,122 to ₦1,071 per litre (₦1,495,215 to ₦1,428,165 per tonne). The reduction follows easing Middle East tensions and falling global crude oil prices, offering relief to marketers and consumers.
Note: This translate to ₦50 reduction for gantry price and ₦51 for coastal price using 95 octane petrol.
https://punchng.com/dangote-cuts-petrol-price-by-n50-as-crude-falls/

Kobicove:
If you must buy a battery for your solar panel installation make sure you go for original and genuine products even though they are more expensive

What percentage of Nigerians cares about expensive and genuine products?

geoworldedu:
Do the maths. How many 200k will amount to 1 billion? A single politician is packing 50billion and more in weeks.

200k and 50 billion, that shows the devalued state of the naira. This is clear symbol of poverty.

SixSeven:
They say we are in the olodo uprising. If people do not under the basic functions of their government, I'm not the one to start re educating you on what you should have learned in school. UAE does the same thing where they make sure their citizens get housing first and it is not turned into a profit making model but no, the point flew over you. I'm sorry, not!

UAE and Singapore are most profitable compare to Nigeria built on communist foundation blaming capitalist for it's failure

bigwig071:
and things are this hard? Why are you this evil?

Yes, things are are hard because Nigeria is a country with 230 million with tiny GDPs. Things will only get better if we grow our GDPs which production and exportation.

bigwig071:
I know it's hard and shameful to defend apc government openly.. you're not the first...

It even more harder for you to state where I defended the APC.

bigwig071:
are you not ashamed of yourself?

You should be more ashamed of yourself that not knowing the function of GDP

bigwig071:
just look at what you are saying... From what to #1,130/$? This apc government is just a scam and it hurts me to see people defending and supporting evil for no good reason.. don't forget we are in 2026 no reasonable development..

You state where I defended the APC government in my comment

SixSeven:
While Lagos is undeniably Nigeria's smallest state by landmass, spanning roughly 3,577 square kilometers, blaming geography for a severe housing deficit is an evasion of governance duties. The fundamental breakdown in the housing sector stems from a lack of political will and a structural shift in economic priorities, rather than a mere influx of people.

International comparisons demonstrate that high population density within a small landmass does not inherently doom a city to a housing crisis. Singapore occupies a mere 734 square kilometers, a fraction of the size of Lagos, yet its government successfully provides subsidized public housing to nearly 80% of its citizens. Hong Kong faces extreme geographic constraints with its mountainous terrain and surrounding waters, yet its administration engineered massive vertical housing estates to shelter millions. These global hubs faced identical demographic pressures but chose to treat urban density as an engineering and policy challenge rather than an insurmountable obstacle.


https://www.tiktok.com/video/7496587126797176110

The current housing deficit persists because modern administrations have completely abandoned this social welfare philosophy. Today, the state relies heavily on public-private partnerships, outsourcing development to profit-driven corporations that naturally prioritize luxury duplexes over low-income flats. Furthermore, current government schemes require steep down payments and rigid mortgage qualifications that systematically exclude the informal workforce. The other day, I saw Lagos government partnering with acommercial real estate property developer and I was so sad. By transforming housing from a basic public service into a premium investment vehicle, the state has allowed commercial interests to dictate urban development. The government now relies on Public- Private Partnerships (PPPs). Private developers are in it for maximum profit. They will never build a #10 million flat for a low-income family when they can use that exact same land to build a 150 million luxury duplex in Lekki. Even current government schemes like Lagos HOMS require massive down payments and formal mortgage structures that 80% of the informal working class can never qualify for. Instead of building up the working class, we see aggressive demolitions of informal settlements to make way for premium estates, luxury developments, and sand-filled coastal expansions.

The current crisis is therefore the predictable result of policy choices that favor real estate speculation over civic responsibility.

Stop blaming the citizens who come to Lagos to hustle for a better life. Migration is a reality of every major economic hub on earth.

The difference between a functional mega-city and a housing crisis is political will. When leaders treat housing as a social duty rather than a premium investment vehicle, the problem gets solved. Until then, "too many people" is just an easy escape route for failed promises. APC as a party as failed to meet its own target. If the master planner had achieved his 45,000 units, he would have surpassed LKJ and we may not be talking about this today. Since 1999, all the APC governments combined have not achieved more than half of the 45,000 units Tinubu promised in 1999. Think about that. It's more about intentional policy than the excuses you are giving sir. The state government has taken policies that are anti-people and not welfarist. BTW, I do not disagree with you that the other states need to pull people out of Lagos but it's not an excuse, it's an opportunity to a state to attract people and tax them eventually.

Your comment was making sense in the first before the tiktok video until you started the usual Nigerian blaming shifting on public-private partnership. Over the years, you have been using tribe and religion to vote in government in reduces your purchasing power and now PPPs are now your problem.

bigwig071:
then what are you benefiting from the so called $377 billion??

The $377 billion GDP nominal is the reason the naira has a real value of ₦1,130/$ and the CBN keeps it at ₦1,360/$ preventing from falling to ₦2,000/$.

Justdogood:
In Nigeria we need high rising, apartment buildings. These 3 to 4 storey buildings are ok oooo. But cos of our massive growing population, we need from 20 to 40 storey buildings nowadays.

Wish our current leaders will understand this and change the way they build apartment buildings in growing cities

To achieve that, centralize utilities are needed.
Constant electricity
Central water supply system
Central sewage system
Optical fibre connection etc
There should be nothing like one house, borehole, one soakaway pit, one generator etc. The use of GSM cell towers needs to eliminated from such environment.

geoworldedu:
But hyperinflation doesn't stop politicians from packing billions within few days.

What is the ratio Nigerian politicians to the general population?

ironheart:
a comment from a suffering Nigerian who doesn't see the log in his eyes

Continue to quote imaginary monopoly after voting in and government

ironheart:
Well said, Monopoly is whats killing us. A lot of licenses where given but he was the only one who could fight his way through to make it happen. I dont blame him because if the government owned refinery are working, there will be health competitions. I remember there was a special window granted for dollar during the years of trying to build the refinery, now they no longer remember it

https://www.reuters.com/article/business/finance/africas-richest-man-got-a-fistful-of-dollars-in-nigerian-currency-squeeze-idUSKCN0Z90ZO/

Imaginary monopoly is your problem and not the bad government you voted into power based on tribe and religion.

spiceadole:
42 is a young man.
At 70 ,a man can marry a 20 year old woman.. so chill

At 70, heis age mates are grandfathers waiting to become great grandfathers.

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?