₦airaland Forum

lhordspy:
This is the NLC president Ajaero at work. He was the Electricity Union leader before coming into NLC. He is definitely the one pulling the string of NUEE. Very stubborn man.

I remember during his time at NUEE, he shut down National Grid at will, like it is some sort of his personal toy. The thing is, he doesnt even know who he is joking with this time. By the time Tinubu is done with him. The corrupt petrol marketers sponsoring him, who are hellbent on running this country into ground; wont be able to save him. Even Peter Obi, his eastern brother will pity him.

Anytime a student misbehaved, and bask in its glory, one of my professor back then in school will always say:
"Leave him alone, Let him 'dance'. Pride goes, before a fall. We will all be here to see how it ends"

Confirmedzombie:
Since the announcement of strike by NLC, both Atiku and Peter have not altered any word.

Its obvious Peter obi and Atiku are the mastermind of this purported strike action by NLC.

Both Peter obi and Atiku are people who talked heaven and earth to change Nigeria but can't rise up on their voices to back the subsidy removal all cos they lost the election.

Honestly Nigeria dodged a bullet not voting both Peter obi and Atiku.

Raheeqilmaktoom:
I need to understand what Mr. Falana is saying here.

Is it that NNPC can't fix price for other players or what?

A limited Liability company has every right to set for itself the price at which to trade it's products, peak Milk can decide to increase the price of it's products tomorrow, it's another thing if people will still buy.

nairalanda1:
It is like Kperoggi does not get why subsidy is evil.

The problem with subsides is that here in Nigeria, we don't do what the US does and subsidise production. Instead we spend time subsidising things at the sale point.

So, we sell fuel below what it costs to refine it, and what it costs to transport it. The result...distortions that lead to things like smugging, stealing, looting and corruption.

But here is why subsidy is insidious.....the difference between the production cost and the subsidised cost keeps rising. That adds to the subsidy cost. Then the increase in number of consumers, that also adds on.

Then how are we paying for the subsidy.? We pay for it from oil income...which in Nigeria has never been enough because the price is never high enough (that is why GEJ took loans even when oil prices were high...for those of you who love to crap on that). And oil prices have been low since 2014. Very low. So, we have to borrow to make up the difference...and a large chunk of the money goes to subsidy.

And the more the cost of the subsidy rises...the greater the amount we spend from the budget...till we reach a point where we spend all our revenue on subsidy, borrow to add to money spent on subsidy, and then cover the deficit with more borrowing.

And the more we do that, the worse it gets.

Look, I am aware the poor will suffer when subsidy goes. God knows I know this and hate it, so for anyone quoting me to abuse and call me naimes, or ask silly questions, or call me government supporter....I know.

But if we keep the subsidy, we would have reached a point where there would have been no money for things like salaries, projects, etc. And if we were making fuel at home, we would start saving cost by skimping on refinery repair and maintenance....and that's how we lost our 4 refineries...and became net importers, and ended up being at the mercy of cabals....because we wanted cheap fuel.


Anyone advoxcating for subsidy wants us to be as broke as Sri Lanka and Lebanon. So broke that the IMF is literally running things there.


If you want the poor to be helped...remove subsidy. And yes, people would suffer, but when we get better refineries, improved production and more revenue, we would wake up.


And yes, APC has failed. But the fact that we have a devious APC government in charge should not be an excuse to keep subsidy.

englishmart:
Tinubu why?
See what your stolen mandate is causing in far away India

babaolofin:
The truth of the matter is that as time goes on some of their members would break away and resume. There is nothing Tinubu can do. Nigeria does not have money to pay subsidy on PMS again. Locally, 1 litre of Kerosene is 1K as they sell Pepsi bottle (50CL) =N=500 in the local markets. Some big buses and most Volkswagen LT buses use Diesel (AGO). Subsidy have been removed on AGO & JetKero, those buses are being used for transportation. Aviation and cooking stoves users are surviving.

The leadership of the Labour Union understood the case of Nigeria where as at May 29 the Military and civil servants have not been paid. The leadership of the Labour Union can never support FG to be borrowing to pay salaries and pay for subsidies but how will they explain to majority of their members?

Nigeria is about to move forward finally. Nigeria can never pay subsidy on PMS again. It is gone forever. AGO and JetKero have no subsidy , it must be removed on PMS as well. There is no money to even pay it.

femisplash:
Just dey play.

If you like protest, i'd remove subsidy- President Tinubu 2022.

All ye cabal pocketing $10b every year for subsidy fraud, your time is up. Fuel subsidy is gone!

HacheNoire:
I researched about it when Buhari did and found out it’s valid in Islam.

At that age, he definitely will find it difficult to observe the prayers like others.

As for the critics, it’s usual for them to oink at anything. It’s a norm!

arejibadz:
atiku and obi would have removed it to

Gaabasky:
We survived endsars, we survived covid, we survived, borders closure, we survived Emefiele's new note scam, we shouldn't lose hope in this fuel subsidy. We are going to survive it as well.

If they like let 1 dollar =10000 naira we go still survive

thesicilian:
They're already giving excuses for him - he probably tripped and fell - while criticizing their own here at the same time

apache4:
To the best of my knowledge and for the interest of all my fellow youths in Nigeria and in Diaspora, Tinubu is a great and good man . ..

President Bola Ahmed Tinubu is the best thing that will ever happen to Nigeria as a Country and he is unarguably the best, enlightened, brilliant and the most energetic man for the Job .


God Bless Nigeria and Bola Ahmed Tinubu once again

JagabanBorgu:
It's u Iots that are defèñding rûbbîsh, because ur càndidàte Ióst, u are wishing and praying so hard that things become hàrd in Nigèria, it will end in disappóîntment for u just like it has been since February.
Una eyes soon clear.
Marketers will use their hand and pipelow.

TheFacelessMan:
Some of you have very low IQs...

So if Atiku or Obi had been elected, fuel will magically turn N 20 per litre ?

Enemyofpeace:
💢PRICE OF A LITER OF GASOLINE/PMS IN SELECT AFRICA COUNTRIES AS AT MAY 29, 2023...

💢WHAT MUST DO TO RESET AND RECALIBRATE NIGERIA

✍️Chad-$0.847/N635.00

✍️Niger Republic- $0.976/N732.00

✍️Namibia-$1.004/N753

✍️Liberia-$1.013/N759.75

✍️Benin Republic-$1.059/N794 per liter

✍️South Africa -$1.168/N876

✍️Sierra Leone- $1.093/N819.75

✍️Ethiopia- $1.123/N842.25

✍️Togo-$1.141/N855.75

✍️Ghana- $1.153/N864.75

✍️Cameroon-$1.195/N896.25

✍️Congo DRC- $1.227/N920.25

✍️Tanzania- $1.214/N910.50

✍️Uganda -$1.328/N996

✍️Ivory Coast- $1.328/N996

✍️Kenya- $1.333/N999.75

✍️Madagascar-$1.339/N1,004.25

✍️Mozambique-$1.339/N1,004.75

✍️Rwanda -$1.346/N1,009.50

✍️Burkina Faso-$1.385/N1,038.75

✍️Guinea-$1.387/N1,040.25

✍️Morocco-$1.390/N1,042.50

✍️Mali-$1.412/N1,059.00

✍️Cape Verde-$1.421/N1,065.75

✍️Zambia -$1.424/N1,068.00

✍️Senegal-$1.614/N1,210.50

✍️Zimbabwe-$1.753/N1,314.75

✍️Central African Republic-$2.217/N1,662.75

KINDLY NOTE THE FOLLOWING:

✍️As at 13.54pm, Wednesday, May 31, 2023, the platt price of a metric ton of the gasoline/pms [ offshore Lome] is $790/ per ton or N441/liter [1ton=1,341 liters]

✍️By the time you add other costs[ logistics, handling, finances insurance , admin, etc], the landing price of the Pms at the depot depending on the location in Nigeria will be around N500 - N520 per liters.

✍️So, prices at filling stations will range between N520 to N570 per liter anywhere within Nigeria...

✍️The above pricing per liter is lower than that of the other African countries listed above ...

✍️Interestingly, many Nigerians assume that the coming on stream of the Dangote refinery whenever it starts operations [ tomorrow or next year], will result in crash of the average price of the pms .. this is not true or factual

✍️Dangote is a business man and will sell to other African countries... check their prices above ...He is not Mr Charity and has never shown himself to be one ..

✍️ The cost of 50kg bag of cement in Nigeria is more expensive than what is obtainable in other parts of Africa , where he has plants ....

✍️The shipping, handling, logistics and transport cost of moving the products from the refinery in lagos to other parts of Nigeria and storage centers will still there . He will still buy crude oil at the international market rates ....

HOW DO WE NAVIGATE THROUGH THE CURRENT REALITIES OF A FULLY DEREGULATED DOWNSTREAM OIL AND GAS SECTOR, [WITHOUT SUBSIDIES], ...IN SUCH WAYS AND MANNER THAT THE EFFECTS ON THE MASSES IS CUSHIONED...?

1. The FGN must ensure that the foreign exchange market rate is merged , so that no system criminal is given undue advantages other others...

2. The three NNPC managed refineries must be totally Privatized and handed over to other deep pocketed indigenous private sector oil and gas players [Not Dangote or BUA]...

3. An open, transparent, accountable and competitive oil and gas sector will attract massive non fiscal investments into the Nigerian oil and gas sector, [ across all the streams )

3. The FGN must put on place measure to protect our upstream oil and gas assets to enable us bring back into the Federation purse the over $1.9billion worth of crude oil that were stolen monthly under the Buhari regime ..

4.The FGN and the Governors Forum must meet to fashion out robust PPP arrangements to create production driven incentives and palliatives to help the masses .

5. Some of the recommendations include , agreeing to keep aside 50% of the extra revenues will acrue into the Federation Account into a pool that will be managed by the Nigerian Sovereign Wealth Authority...

6. A working committee and task force of state and non state actors , representatives of NSWIA NLC, NBA, NMA , NURTW, etc to manage the funds and borrow against receivables to invest in key and critical sectors of the economy to drive growth and grow the purchasing power parity of the average Nigerian.

✍️The Massive outrage in Nigeria today, is because we are used to over 2 decades terrible behaviour of not accepting and doing our first jobs as citizens of this country. ..

✍️We have refused to collectively hold accountable those , who we rigged and voted in to rule us, because of our penchant and proclivity to quickly relapse into our ethno-religious closets/ iberiberism. Now everyone will fill the pinch and perhaps, common sense will be knocked into a majority of us going forward

Lets all join to totally Slay CORRUPTION AND INSECURITY in Nigeria


NIGERIA is easily salvageable...

Obiaraeri, Nnaemeka Onyeka


Copied

Parachoko:
Subsidy is gone

There's no need for all this unnecessary argument.

orikoku:
Na real play. Marketers don mugu us too much. Subsidy must go.

ezechi242:
jonathan was too weak for a Nigerian leader, he had every aparatus at his disposal to dismantle every nonsense the APC was planning, but no, he wants to be a gentleman in Nigerian politics.

besides his 6 years tenure was filled with corruption and insecurities, what nigerians never saw before.....i would say GEJ was actually the root cause of where we are now.

lhordspy:
SDP presidential Candidate, Adebayo:


Responding to the weighty claim, Osifo asked the SDP candidate to show proof or “take that back.” Despite repeated attempts by the TUC president and the presenter, Seun Okinbaloye, to get a retraction from the SDP candidate, he refused.

TUC president, Osifo then fires back at Adebayo:

https://www.channelstv.com/2023/05/31/tuc-president-sdps-adebayo-in-heated-debate-over-fuel-subsidy-removal/

Earlier on twitter, Adebayo criticised TUC and NLC for being partisan:


https://twitter.com/Pres_Adebayo/status/1663654854680625155?t=cuc6RH6cvAQu-JuKotfzvg&s=19[/quote]There's more you forgot to read...

MasterJayJay:
When APC, Tinubu, Buhari and NLC sabotaged Jonathan's government, were you in coma?

JagabanBorgu:
So what impact does "fuel subsidy is gone" has on the fuel in their stations presently?
Does it mean fuel stations have to pay the next subsidy?
People with mindset Iike urs are a criticaI probIem to the Society.
Mind u any góvèrñment can thrèàten any business and cIose it down if they want and the so called business man will do nothing about it.
They all decided to close fuel station with the aim to hike price and u think they are in their right?
The mode of doing business is the reason people suffèr so much in Nigèria.

Madmohamed123:
i don't trust buhari and his Fulani terrorist Brothers they may be planning something
I don't support tinubu but he should do something fast he should make changes in arm forces immediately and secure his power let him use yeruba general in all the balack from North to South if not he will regret it because I don't want Fulani in that sit

savcy:
@BOLDED 1, no man born a woman can prevent hoarding in Nigeria with our existing democratic laws.

@BOLDED 2, I have tried to think of a better way for him to relay that info and I have come empty on numerous occasions. He was simply trying to clear his name. I don't know why you call it a "declaration", because it was all part of his inaugural speech. He said the subsidy won't continue, because it wasn't in the budget that has already been signed by law. If we had good laws and enforcement agencies, any filling station that hoards or sells at a different rate from now till the start of the implementation of the next budget would face legal consequences. That's how serious nations do it. Tinubu did what had to be done, and I am not his supporter. I wish him removed from office today. My opinion is based on sociopolitical considerations.

ahiboilandgas:
subsidy is unsustainable and pushing Nigeria into more debt . We need deregulation to bring in more investment into the section and create more jobs . It a painful necessary step for a better tommorow .

mrvitalis:
No body is against removal of subsidy ... absolutely no body ...Infact it has officially been slated to be removed June

A so called president takes over without consideration of the power of the office he temporarily holds made a careless statement without explanation

A sensible president seeing the impact of his speech should have addresses Nigerians 1) to apologize for his careless statement 2) to clearly mentioned explain what he meant


This is why we should never elect a president who can't communicate properly

There is power in the presidency you can't just say one thing and mean another

Octopusssy:
Confusion everywhere. Nigerians brace yourselves for tough days ahead because we are our own worst enemies. See the speed at which these hopeless marketers and filling stations began hoarding fuel. Before we blame the government, let us look inwards. Nigerians are terrible and greedy.

The problem now is will marketers and filling stations comply? Some are already selling as high as 500/L in Lagos.

femtex007:
Has it been implicated? He only said it so we should expect it. Let's blame ourselves for the was this country is today. We are the enemy of ourselves

savcy:
None of the three frontline candidates in the last election meant to keep PMS subsidy. So this is a welcome development. It won't be easy, but it is necessary. I'm obidient, and I support this policy.

SmartyPants:
If he said it never existed then obviously he either lied or was misguided if/when he said it didnt exist.

But i'm not aware of such a statement anyway. Please share a link.

As for removing it, it was made clear from the beginning that it would take effect from June this year.

Escapist:
Okay, keep wailing.