₦airaland Forum

CyrusVI:



Its like Dangote's refinery isnt going to curb ven this. Then we prolly have bigger problems than we initially assumed

He said his fuel production can fulfill all our needs, then they artificially created this again

PBAT needs to open a round table meeting with Kyari and Dangote

Validated:
4th republic may soon be a thing of history. If you doubt it look at Niger, Mali and Burkina Faso.

Creamcrest:
I don't get it,I thought they said they are trying to reduce the excess money in circulation so as to curb inflation.They keep hiking interest rates to achieve that.

And now they come out to say they are trying to ensure enough cash in circulation.

Timmi:
Is that all you have upstairs? No wonder u are comparing Nigeria to Libya. Go to Libya now Cretin.

Timmi:
You can japa to Libya or is anything or anyone stopping you? If so, ask your village people to release you and let you go.

Libya continues to offer the cheapest petrol in Africa, with the price of octane-95 gasoline (petrol) standing at 0.15 Libyan Dinar per litre, equivalent to approximately $0.032 or N52 as of September 16, 2024.

This is according to a report by Global Petrol Prices, a platform that tracks retail petrol prices across various countries.

In comparison, petrol prices in Egypt, Algeria, and Angola stood at $0.279, $0.342, and $0.351 per litre, respectively.

These are the only four countries in Africa that sell fuel at cheaper rates than Nigeria.

APC’s Okpebholo wins Edo gov’ship election
Current data shows the average petrol price in Nigeria is N1,000 per litre, with black market rates soaring to N1,600 per litre.

Meanwhile, the Central African Republic has the highest petrol price on the continent, at $1.83 per litre.

Senegal ($1.646), Seychelles ($1.595), Zimbabwe ($1.590), Morocco ($1.527), and Uganda ($1.475) are other countries with costlier fuel price per litre, while Malawi ($1.458), Côte d’Ivoire ($1.455), Kenya ($1.453), and Sierra Leone ($1.448) round up the list.

Despite being one of Africa’s largest oil producers, Nigeria faces criticism for its high petrol prices.

This has led to calls for government intervention in the oil sector, with many arguing that the removal of fuel subsidies has negatively impacted citizens.

Abdullahi Aliyu, a resident of Abuja, emphasised that if petrol were priced between N150 and N200, it would significantly lower costs across various sectors, including transportation and food.

He urged Nigerian leaders to learn from Libya’s pricing strategy.

“All over the world, there are various types of subsidies, but I think in Nigeria, the one that plays a vital role in the life of the citizens is petrol subsidy.

“Just imagine that it is being sold at between N150 and N200! Everything will be cheap, including transportation, food and electricity. Our leaders should please learn from Libya,” he said.

Adenike Andrew, an economics graduate turned restaurateur, criticised the rationale behind subsidy removal, arguing that the Nigerian populace cannot bear fuel prices comparable to those in wealthier countries, especially given their lower income levels.

She also called for Nigeria to explore legal avenues for supplying petrol to neighbouring countries to boost foreign currency earnings.

“If they say they removed it (subsidy) because our neighbouring countries are also benefiting from it, it is self-indictment. Our security agencies should do their work. And most importantly, Nigeria should tap the enormous market in Africa to earn foreign currency by supplying petrol to them using legal means.

“It is wrong to say that Nigerians must pay for petrol in the same manner as non-oil, but rich countries are selling it to their citizens. People there have higher incomes. Our people here have been pauperised in facets,” she said.

Guestlander:
APC by God 's grace.

NewHe:
You meant the fake result?

NewHe:
They are not fake results, most are on the ground announcement!
Is it because APC is winning?

chukwuibuipob:
DSS should kip eyes on that Aziegbemi and OBASEKI .



Monday is on his way to OSADEBEY GOVERNOR HOUSE .

DevilsEqual:


Nairametrics said just 44% of Dangote supply can cover all local demand. If thats the case, we should completely rule out any possibility of fuel import, while working well with Dangote to make things works from a fair price point while his own profit is cool enough too

If fuel scarcity can be solved, most NNPC and Oil conmen wont be able to manipulate the market anyhow again

Kyari, think abeg

Tbasicme:
Must it be only nnpc that should import fuel into the country? Very useless set of company.
Oil marketers who buy from nnpc do they buy on credit?

voiceless1:
The funny thing is, Asue Ighodalo will be disqualified eventually.

BERNIMOORE:
Wike 3: Fubara 1

Eteka1:
The order will be dismissed by the Court of Appeal for lack of jurisdiction

senatordave1:
They haven't defected

ednut1:
you don’t need pin. You simply swipe . Its called contactless payment .

masseratti:
i really don't understand what the NJC is doing in this country,how can a Judge order his or her chief Judge not to obey another arm of Government resolutions on what grounds is that ,where on earth has that ever happened.

Jessewizy:
I thought someone said he can’t be impeached. Next week, we go know how far

Chinkoalhaji34:
Wow, I'm sure Fubara is quaking in his boots after receiving such a sternly worded letter from the allpowerful Rivers State House of Assembly.

senatordave1:
All acts by this assembly are null and void sir...
Impeachment is dangling and if he survives,the 4 years will he very hellish

BondRiv:
What you need is a lecture on jurisdiction.