₦airaland Forum

The leaders in Bayelsa should bury their heads in utter shame.

Are you sure, I thought they say it is 500k dollars per second?

Alakoriomo:
But minimum wage in the US is over 500,000 dollars per hour..so he doesn’t need to complain

Ebubu6:
4 (Four) Ebonyi people not Anambra people were promoted to Generals, period!

Correct! Congratulations!

Ebubu6:
but are they not Ebonyi people? You prefer them to be Anambra people?

Just like it sounds fake to refer to Anambra people as Anambrarians, it also sounds fake to refer to Ebonyi people as Ebonyians.

They are Anambra people and Ebonyi people. Simple!

Softmirror:
He didn't. Tinubu is not the ALL SEEING. He is human like you and I.

No, sir! Tinubu is not human like you and I. Tinubu is human like the president of a country.

Which one is "Ebonyians" again?

And he didn't see those "genuine" reasons before leaping many times?

Softmirror:
It shows a leader who is not a DICTATOR otherwise.

All of the appointments have GENUINE reasons for their reversal.

What I like most is how he does the reversal very swiftly without wasting time.

It seems they already consider him guilty, even before the judgement.

richard870:
Ambush pricing to discourage importation by marketers.....petrol price that shouldn't be more than 200 per litre.

If God says Nigeria will get better, it will effortlessly. For now, its simply business as usual with a different 'looting' model in the guise of subsidy removal.... what a pity!

Remember that Tinubu sells it to Dangote at international price, i.e., one barrel of crude containing 159L is $74, meaning a litre of crude oil is $0.47 (797 naira), minus cost of refining, and waste products.

illicit:
Weyrey


I never see any woman dey cry while breastfeeding before, except maybe the baby bit their nipple and they shout.



This baby no even get teeth

It's not so simple. There are many other causes of pain, including cracked nipple.

press9jatv:
Wow that’s huge 90% of them are in Lagos State

Producs consumed in Lagos?

Note:
1. For us, Christianity does not advocate finding excuses to kill fellow human beings
2. These guys don't even believe in Christianity

Botragelad:
These folks always spreading their rubbish and being nuisances. If you think there's a genocide going on in Gaza, you need to get your head sorted. Taking out terrorists and their mates isn't genocide, it's just getting the job done. If you wanna have a cry about it, be my guest. We're not fussed.

Everyone should be grateful to Israel for keeping civilian casualties to a minimum. If it were some other country with no rules, they'd have flattened the whole of Palestine/ Palestinians Arab occupiers by now and starved them into submission. But Israel's playing by the book.

So, here's the thing, I'm going to repeat it: all the protests and noise in the world won't stop Israel from defending itself. If civilians wanna be martyrs for terrorists, then Israel will just get on with it. The bombing's gonna keep going, and Palestine's just a fake concept that needs to be shut down.

Am yisreal chai 🇮🇱!

It's a loan of 8k per month for each student. Calculate the break down.

strangest:
Kperogi was supporting Tinubu during the election.....
....

Please stop lying publicly!

Kperogi is not a hidden figure that you'll lie so blatantly. He even has a blog where all his election time articles are cataloged.

Hmmmn

Very wrong. You should have just looked for a high grade earpiece such as AKG or JBL. Then put better music throughout the journey.

ChizzyBuna:
I love and respect my dad so much
He is old in age but he can still drive

The issue is anytime I'm driving him
Instead of him to relax
He will turn to Conductor every 2 seconds, sometimes he will shout that I'm speeding to fast but I'm not going past 60 kmph


Today I drove him to village and on the way he did the same shouting and telling me to look out for bumps.

This distracts me and makes me lose focus. Out of anger i shouted back at him to keep quiet and allow me drive.
That i have eyes and i can see the bumps

Now i told him that he should never enter my car or unless he will keep quiet and allow me concentrate on my driving.
No talking, he should keep it shut through out the whole journey.

Now he is feeling bad, did i do anything bad??

Is Port Harcourt Refinery the New Nigeria Air?

By Farooq Kperogi

I decided to fact-check the buzz about the Port Harcourt Refinery supposedly springing back to life, so I reached out to an oil industry expert friend of mine.

After all, if this miracle were true, it’d easily be the best plot twist in Nigeria’s story since Jollof Rice dethroned its competitors.

My petrol industry expert friend said he’d ask a friend of his who works at the refinery to verify the claims.

Instead of a wordy explanation or even a simple "yes" or "no," he said the Port Harcourt Refinery guy responded with a single, devastatingly eloquent gesture: he sent him a picture of Nigeria Air.

“I am still trying to work out what he was trying to tell me🤔!” he wrote.

Reader, I think we both know the translation: dreams may take flight, but some never leave the runway.

Seriously, though, at this rate, to not give up on Nigeria is to be a masochist with a superabundant love for perpetual emotional self-flagellation.

blezzino:
Noticed this on my skin this morning
Please house what causes this?

Go and see a skin doctor - dermatologist

Promises Macron?

It is not luck jor

Rudeness, small small wayo, smelly private part.

Brilliant!

lionshare:
This is beneficial for the economy since our rate is already deregulated. The government should implement a special tax on petroleum product exports by road and legalize smuggling, which would create more business opportunities for Dangote, generate additional revenue for Nigeria, reduce stress for smugglers, and eliminate bribery at borders .

Is it only Dangote? What about the owners of our "local" Refinery located in Malta?

LandMann:
This looks like a Dangote sponsored excuse to increase price of pms and diesel yet again.

When this useless greedy monopolist wants to exploit the masses he begins to compare his price to where it is more expensive.

Why not compare your price to where it is cheaper?

Why is Dangote pms price higher than Libya pms price by over 200% even when Nigeria has enough crude oil and Libya economy is currently in disarray due to political crisis inflicted on their nation by Obama of America, a supposedly black man, and supported by Nigeria?

Is ECOWAS not created to achieve a common market like the EU, European Union? What is wrong in letting all ECOWAS countries buy your fuel at a cheap low price provided they handle their logistics cost and pay necessary export tax or tariff to government of Nigeria to maintain our infrastructure to support such economic activities?

I'll tell you the answer

These greedy people want to start another controversy and use style to increase fuel price again.

If the smuggled petrol is not subsidised, please leave us alone as we are.

Na small small o

Antoeni:
To Be Honest & Sincere ,How Does This Affect Nigerians.This is Ridiculous and Adding Salt to injury. Any Orice more Than #500/650, is Not for Mass.

Guys, I really enjoyed reading this article, and it made sense to me.

Guys, I really really enjoyed this article, and, honestly, it made some much sense to me.

BEYOND THE DOLLAR: Measuring the real cost of petrol for Nigerians

By Muhammed Sani Ibrahim

For some time, the price of petrol in Nigeria has been a subject of heated debates. Some insist that Nigerians enjoy some of the cheapest petrol in the world while others argue otherwise.

Supporters of the claim of cheap petrol almost always rely on comparisons like: A litre of petrol in Ghana costs $0.95, in South Africa $1.19, in Zambia $1.47, in Benin $1.13, while in Nigeria, it is only $0.67. On the surface, these figures may suggest that Nigerians enjoy lower petrol prices. But is this really the case? Does the dollar price alone truly reflect how affordable petrol is for Nigerians?

This write up challenges the idea that dollar-per-litre comparisons tell the whole story.

By looking beyond these numbers, we see what cost really means for Nigerians and why the argument about “cheap petrol” is fundamentally flawed.

Limitations of Dollar-Per-Litre Comparisons
First, dollar-per-litre comparisons may seem like a convenient way to measure petrol prices, but they oversimplify complex realities by overlooking significant differences that determine the true cost for consumers.

For example, in dollar terms, a litre of petrol costs $0.67 in Nigeria, $0.95 in Ghana, and $1.19 in South Africa, which might make it seem like petrol is “cheaper” in Nigeria at first glance. However, earning a dollar in Nigeria is not the same as earning a dollar in Ghana or South Africa – or anywhere else. With Nigeria’s weak currency and low wages, earning a dollar requires a lot more labour and time. For a South African or a Ghanaian who earns in stronger currencies with higher purchasing power, that same dollar has far less impact on their affordability.

Another limitation of the dollar-per-litre comparison is that while, for example, $1 might buy a full meal in Nigeria, it would not buy even a cup of coffee in the UK. This is why the economists always use what is called the Purchasing Power Parity (PPP), a concept that expresses economic measurements by accounting for what a dollar can buy in different countries. In fact, even the IMF and World Bank recognise the importance of standardisation of rates using the PPP.

For example, the World Economic Outlook (WEO), a publication of the IMF often compares GDP, inflation, trade, and financial trends using both nominal and PPP-adjusted metrics to provide a more accurate comparison of economic well-being across nations. As such, nominal petrol prices expressed in dollars are misleading because they ignore the varying purchasing power of currencies and distort affordability.

Thirdly, income levels across countries reveal another flaw in dollar-per-litre comparisons. In Nigeria, the national minimum wage is ₦70,000 per month, equivalent to about $42. So, a Nigerian minimum wager earns roughly $1.33 for a full day’s work, in contrast to his counterpart in the United States, who earns $58 for a full day – 43 times higher! In South Africa, the daily minimum wage is about $12.1 – nine times higher than in Nigeria! Therefore, it defies economic logic to claim that petrol in other countries costs more dollars per litre than in Nigeria, especially when earning a dollar in those countries is 9 to 43 times easier. Therefore, the overreliance on dollar-based comparisons obscures what the people really go through.

Finally, subsidies on basic services like water, electricity, and education have been drastically reduced or even stripped away in Nigeria, compared to these countries. Even banking fees, Telco charges, and rising taxes further eat into the already meager incomes. Meanwhile, a 5% tax on all postpaid and prepaid services is in the offing. The cumulative effect is that petrol, even at $0.60 per litre, is far from cheap for most Nigerians.

The Real Measure of Cost is Affordability
The real measure of cost is affordability because it reflects the true burden a price places on individuals, accounting for their income levels and economic realities. In economic terms, affordability is not about nominal prices but about what it takes to earn enough to buy a product. Therefore, for any commodity, a meaningful measure of its cost will be the hours of work needed to purchase one unit.

Consider this: In Nigeria, where the minimum wage is ₦70,000 per month, a worker earning ₦437.50 per hour needs 26 hours of work to fill a 10-litre bike tank at ₦1,150 ($0.60) per litre. By contrast, in South Africa, where the minimum wage is R4,412, a worker earning R25.22 per hour requires only 10 hours of work to fill the same tank even if it is priced higher at R21.3 ($1.19) per litre. This means that, in real terms, the cost of petrol is 2.6 times higher in Nigeria than in South Africa when the prices in both countries are adjusted for wages. The disparity is even clearer when we turn to Egypt, where the minimum wage is 6,000 EGP per month. There, it takes just 3½ hours of work to afford a 10-litre tank, meaning petrol is 7½ times costlier in Nigeria than in Egypt.

Again, these comparisons reveal the significant burden on Nigerian workers, where the apparent “cheapness” of petrol disappears when measured in terms of labour, time, and income.

By considering the wage differences and working hours across countries, this metric reveals a more accurate reflection of the true cost to consumers, beyond the simplistic nominal prices. Ultimately, the real measure of cost lies in affordability – how easily an average person can purchase the commodity without catastrophic strain on their livelihood.

Conclusion
Affordability is not about nominal prices; it is about the labour required to earn enough to purchase the commodity under consideration. For Nigerians, relatively stagnant wages, tax proliferation, limited social protection, and devalued naira make even the so-called cheap petrol unaffordable. Our policymakers must go beyond surface-level debates and tackle systemic challenges through means like raising incomes, creating jobs, and ensuring equitable access to basic services like health, education, and electricity. True affordability would only come from policies that are based on the realities of the people, not nominal prices.

Muhammed Sani Ibrahim is a Professor of Public Health and Community Medicine at the Department of Community Medicine, Ahmadu Bello University, Zaria.

https://nigeriansketch.com/beyond-the-dollar-measuring-the-real-cost-of-petrol-for-nigerians/#google_vignette

How do you grow an economic in which purchasing power is low and people are no longer purchasing?

tundegan:
Tinubu is a listening president.

He knows the reforms are tough on the people but he is working to cushion the effects while still pushing the necessary reforms.

God bless this administration.

But that's the truth. The companies had already been taxed directly.

VAT is a tax on consumption to better the infrastructure of the consumer. So, tax removed from consumers should be used where the consumers are located, not where the company officials are seated.

Enugurangers:
Making excuses for failures. How come NE did better than the SE. Are there MTN forces in Borno too?

He didn't choose the opponent, the opponent was chosen for him.

He's a big fool, wasting his country and people in a proxy war.

educatedfool:
Zelenskyy chose wrong opponent

Is Israel a Christian nation?

NoIgboSoundTueh:
I love Isreal.
I hope Nigeria can emulate Israel tactics in wiping out Ipob terrorism.
Isaiah says

"Many peoples will come and say, 'Come, let us go up to the mountain of the Lord, to the temple of the God of Jacob. He will teach us his ways, so that we may walk in his paths.' The law will go out from Zion, the word of the Lord from Jerusalem."
If Nigeria is a Christian nation Ipob terrorism will have been a thing of the past. But Tinubu is a big fooooooooooool

Fraud, theft, sabotage is punishable by dismissal

Vinnie2000:
An Clothing Organization that sells Baggy Jeans, (One for N20000), Increased price to N35000, due to the Harsh Economic situation of the Tinibu Govt.

Most Clients complained but later Adjusted when the company explained things with them.

Now a Dubious Client still wanted to buy 1 Jean @the N20000 Old Price and gave the amount to a Staff
(Who is her Family friend) to pay and Hoodwink the secretary to write Receipt for her.

The Staff agreed in this Plan and Tried to carry it out but FAILED.

So Question is, What is the appropriate Punishment for the Staff?
*SACK?
*SUSPENSION?
*Or QUERY?