₦airaland Forum

How are we sharing same country with people like this?

If we use the fuel price of 1070/liter compared to 187,it means there was a 572% increase in fuel price. Considering the new price of 935, from 1070, the price reduction was approximately 13%.

So you raise the price of a commodity by 572% and a few months later, reduce it by 13% and people are happy about it?

That's still a 559% increase from 2023, precisely the "subsidy is gone statement". Nigeria is difficult to understand Sha. Smh

From whose money?

yommen:
They were paying more than the actual cost of subsidy using the opportunity to steal money. Fellow Nigerians too were buying and taking across the boarders to sell since it was more expensive in those neighboring countries meaning Nigeria government was subsidising fuel prices for most West African countries. Government was also paying for fuel never supplied. It was total waste of money.

You're being clever by half. What is subsidy? You are importing petrol and paying subsidy when you have nonfunctional refineries that will eliminate the entire subsidy talk.

What you have now, is a situation of conflict of interest, where the sector is heavily connected to the ruling family. Go figure.

Jasix:
Ok. So you must be fighting everyone cos you're a Boss?

Are you minding that one? The guy doesn't know who Uche Secondus is.

Finally

Watcharena:
hope you sang the same song when US invaded Vietnam

Vietnam is from a long time ago sef, currently they are occupying territories of countries that don't want them there. This idf puppet will support anything, even if it means plunging the entire world into chaos.

For this government, there's no cutting your coat according to your size.

With all the monies saved from the so called subsidy removal, taxation from all corners, etc we are still borrowing like people without sense.

What are the loan repayment clauses and plans? No one knows. Smh

Bought big plastic coke for 500 naira and vita milk for 2500. For perspective, coke used to be 150 and vita milk too used to be 300 naira or so, less than 3years ago.

Truly, the country needs to calm down as the inflation is not sustainable.

Economies don't grow from taxation,you will end up taxing people to death.

TemplarLandry:
Funny. These ain't Caucasians.

Doesn't matter. If this happened to a Nigerian in the UK or US, we will cry racism. How can he take land and allocate to a person from Port Harcourt bearing Chinda? If other fct ministers had acted in similar fashion, would he have met anything to "share"?

The other day, it was one lady and her daughter on tiktok that they took their lands, now this. Land grabbing that was allowed in PH, should not be replicated in Abuja, Abuja is bigger that such greedy politics.

Seplat and mobil, who's more profitable to be buying who? Hmm

Onewazobia:
Jesus is not a prophet, you hypocrite

Data is so easy to get, but I'm not sure about sense. You're even dumber than I thought.

Onewazobia:
After 9/11, right?
They will do worst if it were to be them, only talk leds to lost of life's talk more of destruction of such magnitude.
Here in Maiduguri thousands were killed in 80s because one speaks against your prophet, more recently one was assassinate because of the cartoon he produced, or have you forgotten Deborah issue. Just word leds to killing of tens.
Saudi, Turkey etc would have done worst

My prophet is Jesus Christ. Don't make a mockery of yourself.

Onewazobia:
Which of the points above is not valid for a country that care about her people?
If not for US what do you think it will become of middle east and the world at large.
Who has the might to curtail the excess of Islamic jihadist, hate or like them USA have really help in limiting their evil, I'm not saying that they are saint, no, not at all rather without them checking mating them their evil would have spread like wide fire

Yea, a very wonderful peace keeping nation.

Onewazobia:
The question is still are they the only one buying their ammunition or only one with oil?

Educate yourself chief. A simple Google search will help.

Onewazobia:
The question is why always the middle East? Are they the only one with oil in the Asian region? Suicide bomber, terrorism more pronounced there? Do the world powers just bombard without reason?
From your list "Libya, Yemen, Iraq, Syria, Lebanon etc" something is common with all of them which you and I know ... Islam.
Northern Nigeria is currently battling with the same set of people (believe system) is it the west too
I know you won't admit but the evidence are just too much that islam has done more harm to world peace and harmony

Your argument is baseless. The invasion of Iraq, Libya, Syria, Palestinian, etc all also have one thing in common... I'm sure you should know that it's also energy and oil. It's all a war of resources and stocks. The military industrial complex will always create enough script for people like you to justify whatever war actions they take that brings them money, while you're blinded by the religion label.

Before the middle east found oil, which region had the most western interference? If you don't know this, our conversation ends here.

Onewazobia:
I'm shocked we could find one with a defence, so it's the west that teach/wrote their instructional manual (the quran), why aren't other non Muslim in Asian countries killing themselves? Why always the middle East.
In the 80s and early 2000s that you people are killing Christians up north, was it the west too? Why aren't they running to their brothers in the Saudi, Egypt, turkey, Iran etc? Why running to the same people you claim "are killing them" truly Taqiyya is real

Unless you were born yesterday, even if you were, go research on the happenings of the middle of East.

Libya, Yemen, Iraq, Syria, Lebanon, etc.. They are always bombing some target there while killing civilians and labeling them collateral damage. A peaceful world will benefit every one more.

When you destabilize once peaceful and prosperous countries and their citizens are forced out, due to the dangers of living in their countries, you turn around and scream migrant crisis. Why not leave these countries alone, stop stealing their resources and imposing puppet leaders.

Abi they should put speed bumps on this 3MB? Ever since they rehabilitated it, people are just speeding to their destruction.

femisplash:
N216 to $1 whereby using $20billion to defend the naira annually, with an unchecked pervasive of FX arbitrage within the system. How smart are you?

Not exactly true. For me, what caused the depreciation of naira was the arbitrage from insider trading. People were getting dollars from the CBN at a different rate from others (and sometimes banks). I think it also happened with Hajj or so, where people get subsidized dollar for pilgrimage at 180 naira when every other person was getting at 200 or higher. This loop hole normalized making money by round tripping those cheap dollars at the detriment of the economy.

Next thing they need to do is make it legally binding for our institutions to only trade in naira. Why should custom charge dollars for clearing? Real estate selling houses in dollars, etc such things will communicate a lack of confidence in the local currency, further tanking it.

aariwa:
Lol Indians scammed him. The refinery is unworkable after almost 10 years of investing more than $30b into it from Nigerian forex and all kinds of loans. Naira to dollar exchange rate was very stable in Nigeria until he bought Jonathan into the biggest refinery in Africa idea towards the end of his government in 2014 and he started pumping dollars from our dollar reserves hoping to end fuel problems in Nigeria and west Africa. Within months in 2014 dollar jumped from 120 to 180. Buhari continued with same nonsense and dollar reached 700 before he left office and refinery still not completed. Emilokan as thief man saw what was going on and stopped funding of that refinery with our forex but the damage to our currency had already been done. Total loss of trust in our currency had led to massive hoarding of dollars and scarcity which affected the naira that even floating of naira by tinubu couldn’t salvage the problem. Same dangote moved again by trying to push independent petroleum marketers out of business, import fuel and sell to Nigerians at higher price by using his uncompleted refinery as a conduit pipe to get forex. He showed his hand again and Emilokan saw it when he demanded for billions of dollars to import crude, now he is going to Angola to be a partial owner of a working refinery

It wasn't binance again?

[quote author=Dreamhans1 post=133121305][/quote]@seun are people allowed to edit what others posted and twist it?

A friend of mine bought this car for 2.5m or so 2018 ish. How the naira has fallen. 10m naira for a 14years car that the design life of some of its parts are already due. Smh

Dreamhans1:
Don't you think they are a smaller lair to Muhammad?

You mean they're animals?

Botragelad:
You guys are so confused! 😂

See this empty barrel. Who are you referring to as you guys? I'm a proud practicing Christian, doesn't mean that I should support evil because some idiots think they're chosen and are above the laws of humanity.

How did ISIS start? Was it not when Obama administration kept airdropping caches of weapons for the FSA (free Syrian army) which later fell into the hands of isis? Same script, al qaeda, taliban, etc. The west funds these guys directly or indirectly and later come to preach morality to the rest of the world.

Today, Boko haram and isis splinter groups have run over several African territories, killing thousands of people.

When you come here to cheer the "rebels", ask yourself again, who the confused one is (whatever that nonsense means).

FiftyFifty:
Shameless liar. Terrorist d!rty p!g. Keep making a caricature of your hypocratic empty self. Shameless terrorist can you tell us who is behind the ISIS and other terrorists now?

The guy is such a terrible person. Anyways, that's how Zionism survives, by dishing lies after lies. Even their motto states that, by deceit we shall do warfare.

Botragelad:
These are likely Turkey backed rebels. Some are splinter cells from ISIS, Al Qaeda that the US have always fought against. What's your point?

They've been making enormous gain for days now.

You're calling terrorist rebels and people fighting for their homelands are terrorists to you Zionists.

What you don't know is, that's how IS started and now see all the devastation they have caused even in Africa. After the west have seen that Russia is occupied with the Ukraine war, they launched a militia on a legitimate government to effect a regime change, same script they've been playing everytime.

Keep using terminologies when it suits your propaganda.

After learning, you can List your services on gigfc.com

PressMyButton:
Wake up! when we were buying at 185, there was a subsidy fraud and we were borrowing to pay for subsidy. Now, subsidy is gone forever. The oil sector is fully deregulated.

And we are still borrowing today?

This case has to be thrown out, else producers and the likes will start laying claim to people's songs. The maye guy no one has heard of should go and start his own line of music and see how he fares.