₦airaland Forum

Kukutente23:
Exchange rate? When the crude and the refining is being done locally?

Crude is priced in dollar and sold at its equivalent in naira.

Kukutente23:
I keep saying it that what's going on is a scam

When subsidy was removed in 2012 under Jonathan which Tinubu and his goons organised against, fuel price went from N87 to N145 which was less than 100% (60% actually). And crude oil was selling at over $110 per barrel while we were importing the fuel.

So how come petrol price is over 600% (656% actually) at N1300 now from the price before subsidy removal (N189) at just around $100 per barrel when the crude and refined products are being sourced locally?

Can anyone explain this mathematics in a way that makes sense

Exchange rate, relax.
I'm pro dollar subsidy.

We4all:
That's nice, but don't disturb Nigerians for financial assistance in the event of a health challenge. I don't know why these actors feel so entitled to think that they deserve our assistance because they keep us entertained. Are they not working for their pockets?

Agbo of tiri thive surplus

Oya, e remain money for fuel

kpankpangolo:
That’s a bold goal. I doubt they can meet it. My problem with honey is I touch it once then never again. I always give out bottles I buy.

You need cleansing by my holy rod

That's why Naira mutual funds is far more profitable than dollar currency.

Seems like Tinubu has promised Yari tickets .

runningriot:
Some people collect this money to drink, smoke and womanize while a few take this loan to invest in a business the know little or nothing about... Marximalist measures should be put on place for the apprehension of these kind of people for fraud and ability to defraud under false pretense.

Use the money for Ponzi wey dey run bele . Double wahala

Dem go call tire, na to tell you I will use ur glory.

Mexyz:
How much do you think one can get monthly for a 6m investment?

~75k .Rate fluctuates between 15.5%-16.5% annually. I used 15% in calculating.

JEDC is charging me illegally 2k every month despite NERC warning. This Emilokan and his bandits must go .

Even Suen is feeling the heat

Omenapounds:
It's well
Most men don't really have a problem with that.

Not under Tinubu, exceptional cases dey sha.

Madam: God will help us
Oga: Yes darling

Body go pepper you if she refuses doing anything

Sandralight:
Give me all the money

We are not talking about wetness here

rightminds:
Even if you wan marry, na 13M you go use marry? Make sure your income is sustainable first before you think of getting married otherwise the woman you spend that 13M to marry will be the first to call you poor when there is nothing left.

He's gonna lurrrrn

Polithiefcians are scared of followers. Bandits everywhere

Gbammmm, certificate saga though

Lagos is under state capture. Tinubu can't even control his Osun.

Dollar should be subsidised 💯

chicfarmer:
I fully support a return of fuel subsidy to Nigeria. Here is how I'll explain it to a primary six pupil. If you don't understand this, then our politicians will just keep sharing our wealth amongst themselves while we wallow in poverty.

Imagine that you had a big Mango tree in your compound and that tree produced much mangoes. You decide to pluck and sell the mangoes but you have kids and family members living with you, you'll definitely put some aside for your household consumption and then take the rest to the market for sale.

In the same way, Nigeria produces about 2m barrels per day of crude. Government should remove say 500,000 barrels for local refining and consumption and sell that to dangote at 50% while they export the remaining 1.5m barrels at international prices for foreign exchange.

Dangote then refines the 500,000 barrels set aside for local consumption and then sells/distributes it locally at 50% of the current prices of petrol and other products derived therefrom. Simple.

Anybody telling you that this model is not possible is simply trying to deceive you so that they can continue sharing and chopping our money.

The only thing the common man benefits from Nigerian government is subsidy. A mother that harvests her mangoes and takes everything to the market without setting some aside for her children is a bad mother. As oil producers, we must derive direct benefits from our resources. Anything Short of this is corruption and grand deception.

Seems like you are confused in your submission.

stuffs2002:
So western propaganda brainwashed you thoroughly

Bread and beef is for the rich in Iran.
Crude oil is crashing, Iran missiles is finished abi they've repentant terrorist .

Matawalle , Convener of Tinubu Again Movement targets 20 million votes for President Tinubu . LWKMD

Bunch of jokers 🃏

Tinubu is supervising mass treasury banditry state capture under his watch because of second term ambition.

APC bricklayer and mason. The company has no name, just artisinal hand workers.

Just pretend to be responsible and be piping her on the low with a touch of i love you

ImpeccableDust:
Good morning, everyone. I have been waiting for your advice on what to do and the next step to take.

I've already saved 13M, and I'm getting older. I'm turning 31 and have been considering getting married or building a house with my money.


Would you advise me to start a family with my money or to build a house and see where 13 million naira goes? I already have some land.


Please, I need some good advice.

What do you all think?

Put that money in mutual funds. It will give you #160k~ monthly.

Stanbic IBTC Asset Management.

nairalanda1:
When you treat chronic diseases like cancer, or chronic kidney failure, they go chop any savings that you have well well. Even with health insurance.

I've repeated the story of one chap who on being interviewed by NTA stated that he had spent several tens of millions of naira treating his disease.

Even western countries health insurance don't like expensive health problems.
We lost our dad after spending 25M under two months

Insurance and retirement benefits plan must begin.

Routine training operations


Our Airforce don't have fuel for training

Tinubu has no chance of reelection.

She will come back as apologise .