₦airaland Forum

cyberguy72:
Am talking about your distorted views..... stop trying to divert the discuss.

maivd:
Don't be clever by half, the same substandard fuel dangote has being buying before he built the refinery and the country didn't bun.
Yes, Germany imports the large majority of the fossil fuels and energy it consumes.
Yes, the United Kingdom imports a significant portion of its fuel, including natural gas, crude oil, and refined petroleum products like diesel and jet fuel.
Yes, the United States does import fuel and petroleum products, alongside crude oil, even though it is a major global energy producer and exporter.

These are exceptionally advanced countries and each and every one of them still imports fuel.
Dangote is a fuel criminal.

cyberguy72:
I asked a simple question cos these ur postulations do not have any economic theorem to support it

Josywhyte:
Only one refinery refining petroleum products. Isn't that monopoly oga?

1vandragon:
Bat budgeted over #7b for his transportation in 2026. That is almost #20m per day on transportation.

To you, it is OK for the political office holders to splurge and live excessively on the commonwealth of the masses while the masses are told to endure hardship.

maivd:
Leave the refinery, let fg battle it....dangote should not choke importation, we want healthy competition. Dangote is a fuel bandit.

ufotunang:
..then tell the federal government to sell.out the government refineries to the private sector, private oil operators, entrepreneurs for them to rehabilitate, upgrade the refineries and make it to run and operate..then they will be competition with dangote refinery and the price of fuel and other petroleum products will reduce and be fair
. federal government cannot rehabilitate and upgrade their refineries because the rehabilitation money is used as a conduit pipe to loot and embezzle money by the NNPC officials and politicians

maivd:
We need a free market, Dangote can not strangle the masses all in the name of saving the naira.

Rseven:
Dangote refinery dat is suppose 2 be a blessing 2 Nigerians has become a punishment 2 every common man in Nigeria..

cyberguy72:
subsidy savings wud fund it..the trillions given to governors to loot wud be reversed

cyberguy72:
PIA wud be amended.

cutefy:
You're right bro...

Minimum wage in US is around 1.6million/month.
Minimum wage in UK is around 4.2million/month.

Also remember that while minimum wage in Nigeria is very low, cost of leaving, inflation and tax has gone very high. And the worst of it all is that basic amenities and security is near zero.


Nigeria is a wonderful country blessed with many cursed politicians.

SalamRushdie:
This is not about subsidy , before the Iran war Dangote was selling fuel 725 when crude was 87 , today crude is back to 87 why is his fuel going up rather...these are questions that beckons the president to ask Dangote questions

boxypane:
Lots of so called investors in Dangote refineries who are Nigerian politicians. Since no subsidy stealing again, they now rob Nigerians directly. Please explain to me how we sell our own resource to ourselves this high!
And no provision of any shock absorbers for the masses.

qualitymart:
And some people are saying we should stop IMPORTATION 😂

Look at cement, look at fuel

Oil price is going down in the world market but our price is going up here despite the fact that exchange rate is stable

Petrol was 800 when oil price stood at $80, today pile price is back to $80 but petrol still sold for 1300 here in Nigeria which is very funny

Josywhyte:
This is what happens when someone is given monopoly of the petroleum market

1vandragon:
Nigeria is a very interesting country...

Using Naira rates, a litre of PMS in US is about #1450... on the average

In Nigeria, a litre of PMS is about #1300 on the average.

But in US, the minimum wage is about #1.7m p/m.

In Nigeria, minimum wage is #70k...

Yet, some people think it is OK to leave the masses to the vagaries and economics of the international market...

maivd:
Importation should be highly encouraged. Dangote is a petrol bandit.

Dogalmighty17:
The dude said he is targeting 100 billion dollars yearly income. He made 10 billion dollars in the first six months of this year alone already. The money will have to come from somewhere.

Upright750:
The man no dey try at all. Quick to increase then crude increase but slow or never reduce when crude fall . No sign of mercy at all.

nairalanda1:
It does not matter who we vote into office, the person must stay away from subsidy otherwise the monopoly has no chance of being broken.

Good2go1:
Consequence of monopoly

Edoreborn:
1400...its so annoying.. bastards

owobokiri:
Put aide by aide twith Nigeria, It is cheaper in Kuwait, Qatar, Libya and Venezuela.
Even in Iran..
They are all oil exporting nations like Nigeria.
Compare with your "mates"..
Stop comparing apples with oranges

ceejay80s:
7
If ordinary dangote can build a refinery , why cant our government build 2,
There's a deal made between dangote and the government to help him make money from us,
This government is just corny, crooked and no difference to Judas or aursha of Spartacus or tea bag of prison break.
Traitors

Starcrest1:
Lol you just went to do mindless lifting to post here and sound intelligent but I assure you that you don't know what you are talking about.

If you go back in time to when Naira had more value than the dollar, you will discover that Nigeria was so rich that they don't need to borrow to pay salaries at that time. So where did you get that information that Nigeria printing money out of thin air to pay salary was what caused inflation.
When naira was more valuable than the dollars what was our minimum in naira?
Also, what was the money supply?

Naira started loosing value during the administration of Babangida and it was because he was listening to the people that were lending him money at that time to devalue the currency. It was never on record that the naira depreciated during this time because Babangida was printing money to pay salary.

Other successive administrations followed the same advice, devalue the currency, remove subsidies, increase tarrifs so you can be able to pay off your loans. This cocktail of policies led to the naira crashing and the populace needing more quantity of the money to purchase goods causing the minimum wage to start playing catch up. Uncontrollable Inflation was born.

If it was only printing money to pay salaries that causes inflation then it would've been better but floating the dollar alone and subsidy removal caused more inflation than you can ever imagine

Like I said the #180,000 minimum wage I proposed is not even enough to catch up with the inflation that already occurred not to talk of causing more of it.

Goodluck's #18,000 minimum wage was worth $120
Buhari's #30,000 minimum wage was worth $75
Tinubu's #70,000 minimum wage is worth $50

Can't you see that the minimum wage is becoming more valueless each time it's increased.

$120 today is worth #170,000.

Do you think the government will increase minimum wage if it is the root cause of inflation, the answer is no. They only increase minimum wage when they see that their policies has eroded the purchasing power of the people; and they don't even increase it to what is sustainable.

I'm not even advocating for more or less minimum wage, I'm just advocating for sustainable wages. If the government can bring down inflation to the point where #10,000 naira minimum wage is sustainable, then by all means they should pay the #10,000 instead of #70 000 which is unsustainable.

anonimi:
Is this how banks in the overseas charge maintenance fee?

anonimi:
Why should banks deduct maintenance fees for accounts when they are literally having free funds in the accounts to make profit from ?

Starcrest1:
That is fallacy, the over 400% inflation that we have experienced in the past 5 years was not caused by minimum wage increment but by poor government policies. Infact minimum wages are increased in Nigeria only when the inflation has become too bad.

In the past three years, prices of goods and services has increased by 300% yet government is increasing minimum wage by 100%. That's a sure way to keep people in abject poverty.

Now why would someone earning #70,000 monthly be buying petrol the same price as someone that earns #5,000,000.

I'm not saying Nigerian government should start paying #,5,000,000 minimum wage but going by the inflation rate we've suffered, it shouldn't be anything less than #180,000

Beforedbuilder:
All stories what Nigerians need is uninterrupted power supply. Aba power should buy or run their own independent gas plant. Enough of excuses.

Kukutente23:
Keep quiet forthwith
This is beyond your intelligence grade