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Nairaland Forum / Hob's Profile / Hob's Posts
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Politics / Re: This Governor Ambode's Handshake People Are Talking About by hob(m): 4:33pm On May 12, 2016 |
Governor Ambode sight beta thing |
Politics / Re: Fresh Explosion Kills Two In Maiduguri, Others Injured by hob(m): 1:37pm On May 12, 2016 |
When will this menace end |
Politics / Re: Tanker Falls At Opic Estate, Ogun State (Photos) by hob(m): 1:20pm On May 12, 2016 |
Disaster in waiting.... |
Politics / Petrol Price’ll Go Down In Six Months – Kachikwu by hob(m): 1:18pm On May 12, 2016 |
‘Femi Asu The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said Nigerians will be amazed at what will become of the price of Premium Motor Spirit in the next six months. The Federal Government had on Wednesday announced the removal of fuel subsidy, with a new petrol price band of N135 to N145 per litre, up from N86 and N86.50. The development has been greeted with mixed reactions, with labour vowing to protest against it. Kachikwu, who spoke on Thursday morning on Channels at the Sunrise Daily programme which was monitored by our correspondent, said the move was necessary in order put an end to fuel scarcity in the country. He said the market dynamics would take hold fast “because there are a lot of Nigerians who are very active, very bullish, very talented in doing this; they just have been prevented by government intrusions. “As it gets better and it gets to a point where we find that the market has stabilised in terms of supply, we will begin to pull back a bit in terms of determinants for pricing.” He said by opening up the space for people to perform, to practise their trade, “you will be amazed at what will happen to your N145 price because it will go downwards.” The minister said as a result of the decline in government earnings from oil, it could not provide foreign exchange for the importation of fuel. “You don’t give what you don’t have. We want Nigerians to understand that we feel the pain, and we have tried to avoid it since I came in October. We have done everything we can. “We first went on to the issue of the subsidies that we inherited which, by the way, were based on 50 to 55 million litres consumption, and we said the number looked bloated. So, we did an experiment and came to a conclusion that this country doesn’t consume more than 45 million litres a day. “Then we came to a second point and said, ‘We are not even going to have subsidy again. We are going yo exit it because there was just too much fraud involved in it.'” The minister said if the government did not take the step it took, massive subsidy would continue, adding that there was no foreign exchange for importation. “So, left with that option, what were we supposed to do? We have struggled. Queues continue to go and they are back. And it will continue to happen unless we address the issues. “If you free up Nigerians to find sources of funds, they will find those secondary funds. They will import the product; the burden on the NNPC will reduce and the country will have peace and subsidy will go away permanently.” Kachikwu added, “I am appealing to Nigerians to please for the first time realise that we are doing our very best. I have together with everybody who is in this government worked night and day looking for solutions. “We mean well and Nigerians should please trust us. Give us a chance, you will be surprised what will become of your PMS price over the next six to eight months.” http://punchng.com/petrol-pricell-go-six-months-kachikwu/ Lets take note my people. 32 Likes 6 Shares
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Phones / Re: Instagram Unveils New Logo by hob(m): 1:13pm On May 12, 2016 |
Its high time @seun make some changes and improvement on this site. its begging for it |
Celebrities / Re: Sarah Ofili Giving MouthAction To Nedu Wazobia Fm(pics) by hob(m): 12:33pm On May 12, 2016 |
Expensive jokes can cause serious calamity. Be warned |
Politics / Re: Buhari Deceived Us, Goodluck Jonathan Meant Well For Us – Nigerians Spit Venom by hob(m): 12:21pm On May 12, 2016 |
its not a palatable news..........but we got to strive on GEJ was clueless |
Religion / Re: Catholic Priest Involved In Gas Explosion Trying To Save Others - Photos by hob(m): 12:15pm On May 12, 2016 |
Chineke mehhhhhhhhh..........baba God help him ooooooooooo |
Celebrities / Re: Adekunle Gold Flirts With Mo’cheddah In The Presence Of Her Boyfriend by hob(m): 2:55pm On May 11, 2016 |
stories for the gods |
Celebrities / Re: 2face Idibia’s Honorary Degree Conferment At Igbinedion University (Photos) by hob(m): 9:52am On May 11, 2016 |
2face my guy.......Congratulations |
Celebrities / Re: Peace Hyde Covers Nu People Magazine by hob(m): 4:25pm On May 10, 2016 |
heh gbele ooooooooooo So one man ll carry dis 2 oranges inside one mouth.... 1 Like |
Education / Re: Nigerian Girl & Her Mother Graduate From The Same School At The Same Time.Pics by hob(m): 4:21pm On May 10, 2016 |
Good one for dem mama and pikin |
NYSC / Re: Rivers Corpers At Benevolent Care Orphanage Today (photo) by hob(m): 4:18pm On May 10, 2016 |
God bless all dem copas |
Travel / Re: EKSU Students At OUIDAH, Python Temple Benin Republic (Photos) by hob(m): 4:17pm On May 10, 2016 |
This is my 1st time commenting on a snake thread just to let you know |
Celebrities / Re: Korede Bello, Mayorkun At NIJ Students' Week by hob(m): 4:16pm On May 10, 2016 |
OOk Next pls |
Celebrities / Re: Caroline Danjuma Puts Her Killer Curves On Display by hob(m): 4:13pm On May 10, 2016 |
who d curves epp Only d vaseline crew i guess *Stunning nonetheless 6 Likes |
Crime / Re: Fake Town Planner Arrested In Lagos by hob(m): 12:53pm On May 10, 2016 |
still posing for the camera........funny |
Politics / Re: Shell To Continue Operations, Denies Plan To Evacuate Workers by hob(m): 9:56am On May 10, 2016 |
Avengers or what do they call themselves had better go and sit down.. when sai buhari gets hold of dem Dem go hear ehnnnnnn.. Back 2 d Topic.......its normal for the management to deny d report, of course they would ve evacuated some key personnel its management tactics |
Family / Re: My Baby Is A Year Old Today. Celebrate With Her by hob(m): 10:44am On May 09, 2016 |
HBD 2 her |
Jobs/Vacancies / Re: Civil Service Commission Hires 4,916 Illegally by hob(m): 10:44am On May 09, 2016 |
We all knew that....its not news just sad |
Foreign Affairs / Re: Old Couple Having Fun In Cameroon (pics) by hob(m): 10:41am On May 09, 2016 |
WTF |
Politics / Re: President Buhari Signs 2016 Budget by hob(m): 1:08pm On May 06, 2016 |
Phewwwwwwwwww |
Nairaland / General / Re: Amazing: 7-year-old Girl Has No Hands, Yet She Won A Handwriting Contest(photos) by hob(m): 11:19am On May 06, 2016 |
Shoooooo |
Politics / Re: Ambode And Ooni Of Ife Launch RIRFHUD's “State Of Lagos Housing Market'(pics) by hob(m): 11:16am On May 06, 2016 |
Seen |
Celebrities / Re: VIDEO: First Ever Interview With YBNL Princess “temmie Ovwasa” by hob(m): 11:14am On May 06, 2016 |
Issorai.... |
Politics / Re: Ambode Endorses 4-year Term For LG Chairmen by hob(m): 11:02am On May 06, 2016 |
Now 4 years of doing nothing...........hmmmmmmmmmmmmmmm |
Business / Re: What Bill Do You Dislike Paying Most? by hob(m): 2:22pm On May 05, 2016 |
Security bill Dstv bill |
Sports / Re: Lets Talk About Swimming. by hob(m): 2:16pm On May 05, 2016 |
i dunno how to swim |
Food / Re: Lol....even Eba Get Packaging by hob(m): 2:15pm On May 05, 2016 |
ehennn Eba naaaaaaaaaaaaaaaaaaaaa |
Politics / Re: Heartless Boy Taking Selfie During Funeral Prayer Of Deceased Kano Players PIC by hob(m): 1:12pm On May 05, 2016 |
Endtime selfie |
Jokes Etc / Re: Funny Posts Of Leicester City's EPL Triumph by hob(m): 1:00pm On May 05, 2016 |
funny post |
Romance / Re: Is It Possible? by hob(m): 12:56pm On May 05, 2016 |
As dem boiz will say Who Romance don help |
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