₦airaland Forum

BlueRayDick:
The thing just weak person

[color=royalblue]We know what we are doing, don't we?

So as it is now, NNPC is running at a loss. [/color]

BlueRayDick:
All their explantions are not even Making sense sef. Imagine the NNPC spokesperson saying



If subsidy has not been paid to anyone in the last 9 years as they claimed, then what was Tinubu referring to one year ago when he said " Subsidy is gone"?

If it is the system of "shortfall" clearing which they are now explaining , what has changed since the yeye announcement? Omo! These people no rate us at all.They don't even bother to tell convincing lies anymore

liveLongNprospa:
But we consume less PMs now.
That's major factor.

Why are we paying like we consumed the same number of fuel we did during buhari and GEJ?

The maths is not mathin

[color=royalblue]Exchange rate[/color]

GloriousGbola:
energy subsidy has come home to roost
fuel subsidy has come home to roost
dollar subsidy has come home to roost

[color=royalblue]But we are still paying fuel subsidy nau[/color]

GloriousGbola:
A perfect storm where all the bills and policies fallout we have been dodging for decades have finally got us with no where to turn.

[color=royalblue]No where to turn, you say? [/color]

[color=royalblue]The number of fuel scarcities we have had in one year of Master Planner's tenure, is more than GEJ and Buhari combined.

Instead of addressing the issue, dem dey blame kegs and gallons.
[/color]

swiz123:
Can't believe it is legal to buy fuel and sell for 1,200 just in front of the same petrol station.

[color=royalblue]The whole country is a mess[/color]

liveLongNprospa:
Lmaooo
Omo the matter nor funny.


To still not be able to buy in gallon is even worse.
I nearly follow one area egbon fight yesterday inside the fuel station

[color=royalblue]Una even see NNPC wey dey sell for una area.

Na 870 here, with shorter queues sha.
[/color]

liveLongNprospa:
Yes I queued for 6hrs and still could not buy in gallon at nnpc yaba.

Body dey bite me

[color=royalblue]Only one person here is permitted to buy in gallons

What the fck were you thinking, bro?[/color]

doggedfighter:
You sabi am🤣🤣🤣😘🤣

[color=royalblue]Anything to farm likes and shares is welcome.

You wanted to give 20k to 5 hawkers. You had 2 bad experiences, and immediately ran to Facebook to cry.

Why not buy 200 naira bottled water and just give the seller 20k? Afterall he/she won't cheat you.

Tomorrow, it will be about Fuel attendants or something[/color]

folake4u:
😂😂😂

[color=royalblue]Its true nau.

I would have said it was Lamba, but let me just not argue with his experience.

Next week will be about beggars.[/color]

[color=royalblue]This guy is always wailing about one bad experience or the other.

If it is not his vulcaniser, it is his barber.

Now, na hawkers.

Abeg abeg.[/color]

GloriousGbola:
Na since midnight. I had to resort to ussd for transactions.

[color=royalblue]With my line blocked, i can't even use USSD.[/color]

[color=royalblue]Since morning...

GtBank[/color]

BlueRayDick:
https://www.nairaland.com/8183444/apc-replies-arise-tv-rufai

Theflint1, Oga monday and APC say if una wan see him attend interview, dem make una pay him $1million

[color=royalblue]Raumdeuter will soon come and support this.

But he will wail on American politics thread because Kamala no gree attend interview[/color]

BlueRayDick:
This has little or nothing to do about defending dollar or not.

I will tell u why the 2022 article is still valid and correct.

Dangote like every other business man sources for dollar for the purpose of buying his crude(Majority of which is sourced from abroad since FG/NNPC is unable to provide him crude even if they wish to). In 2024 he as a businessman is sourcing dollar at a higher rate than he would've done in 2022.

It is only expected he sells his product to reflect his cost (chief of which is exchange rate determined) and then sell at a profit. Why will he sell cheaper when he has financial obligations that are already due to his lenders?

It's just so funny how u actually believe Dangote is doing all of these things for the love of his country and not that he's trying to survive as a businessman who invested in a business that has since undergone several changes in dynamics

[color=royalblue]Where did you see me say Dangote is doing it for the love of Nigeria?

I am fighting for my pocket bro. So far, Dangote is cheaper. And with the naira falling anyhow, that is our cheapest option.

With the numerous importers we have, none can show workings and import it cheaper.

Like i said, i really hope his PMS is cheaper. I no dey for any nonsense propaganda wey any marketer wan sell to me.

If you think you can make it cheaper, do it. We go buy.[/color]

BlueRayDick:
U are missing the point.

Dangote could've decided to sell diesel for the normal N1,400/liter that importers sell without subsidy. However, he knows if he does that he will be struggling for market share with those importers. Instead he cuts his price as a new entrant into the market to steal a chunk of their market share.

[color=royalblue]Good.

Let them cut their price to win their customers back.

No subsidy, and all of them are queuing up to buy poor quality diesel at Lekki.

Make dem dey whine themselves[/color]

BlueRayDick:
Not as high as today.

Ur point?

[color=royalblue]Do well to state the rate .

We defended the naira in 2022. Rate had some stability.

In 2024, with nothing, you think a 2022 article is still correct?[/color]

BlueRayDick:
I don't know where izzou is suddenly getting this false hope of PMS getting cheaper with Dangote in the picture.

We have been repeatedly told by people with more access to real data like Bismack Rewane that Dangote PMS may not necessarily be cheaper



This was far back in 2022 o

[color=royalblue]What was the dollar rate in 2022?[/color]

liveLongNprospa:
I am telling you the man is either getting crude cheap or FG is paying him.

One of the 2.

The 3rd unlike option is Dangote selling cheaper than he bough crude which we know is a lie.

Another possibility could be the contents he used in making diesel aren't as expensive as that for making PMS.

Again someone will have to do a deep dive into that

[color=royalblue]If he likes, he should use otumorkpo to get crude.

Currently, with importation, we are buying at 800 to 900.

Anything to make it lesser has my allegiance[/color]

larride:
I hear there's scarcity again.

Mele Kyari just dey use us dey play. Make Tinubu do quick send that man go house abeg.

[color=royalblue]It is not evident in Lagos.

If you see the long queues outside Lagos ehn..[/color]

BlueRayDick:
Lolz

Its not that deep

That may just be market penetration strategy on Dangote's part. He may be using lower pricing as a market penetration tool to dive into the diesel market as a new entrant. These things are normal in marketing.

It is only when Dangote sustains that lower price of his diesel over a period of time u can be sure he's actually out to disrupt the market for real with is lower pricing. U can decide to cut ur profit margin to gain ground for ur products in an already existing market.

Dangote has financial obligations to his lenders, he would lose more selling diesel the same price as importers (even though he wishes to). He wouldn't want excess finished products without unwilling buyers na.

[color=royalblue]You said Dangote can't reduce the price of PMS without subsidy, and i have just shown you that of AGO.

Now, na marketing strategy.

So at what point will it not be marketing strategy?

Diesel is open for anyone to import. Let them import and apply marketing strategy to keep the price at 900. It's a win-win.
[/color]

Theflint1:
Don't hold your breath, we produce cement locally, but pay through our noses for it... we'd probably have been buying cheaper importing.

[color=royalblue]E be like say una no remember how much dollar be.

OasisX that promised to show us how rice can be 40k through importation, disappeared after he went to Factcheck.

Even at that, why can't BUA and Lafarge sell for 3k?[/color]

liveLongNprospa:
The crude Dangote got?
How much was it sold to him at?
It could be other things.

But I know some form of subsidy also took place. Unless we want to suggest Dangote in his benevolent nature is selling it cheaper than he needs to be just to reduce any to no profit

[color=royalblue]Crude that was just approved last week abi two weeks?

Since when Dangote started, he was importing and selling at 1,000 to marketers.
[/color]

BlueRayDick:
With local refining and no subsidy , u will still buy for over N900. That is the reality; without NNPC/FG coming up with a form of subsidy for Dangote, u will still buy PMS at the real actual cost.

What this whole fight is about is : Who gets the subsidy? Is it Dangote the local refiner or NNPC/Marketers in charge of importation?

[color=royalblue]Diesel was 1350/1400 before Dangote started.

Today, it is 1150/1200

So how come Dangote reduced it without no subsidy?[/color]

GloriousGbola:
based on all that has come out in the past two weeks, i do not believe the refinery is technically ready to produce petrol

[color=royalblue]I am not optimistic about August, but i am sure that the only option for us to buy cheaper fuel is through local refining

Any marketer that thinks he can drive the price down shouldn't waste any second. We are waiting to buy.

I bought 900 per litre at Abraka, and my body is doing me somehow[/color]

[color=royalblue]I really hope Dangote sells Petrol for 600/litre, so all those marketers running mouth about monopoly, can buy dollar at 1630 and come and sell fuel at 550/litre[/color]

Theflint1:
They were still dropping hits when their madness started. Like Peter Okoye talk for e letter, they lose more when fighting, so there's really nothing they've gained from their fights all these years...e go don dey reach 10 years wey their fights take start.

The P Square guys na people wey beyond their talent, sense no too gum dem for head, and their elder brother Jude is even more foolish.

[color=royalblue]Firstly, they said it was the Yoruba woman that one married that was the problem.

As God will have it, the woman still dey with her husband. The other one dey marry new wife every 3rd Friday of the 5th month.

Now, na nonsense ego and pride dey cause am.

Who cares about who writes the songs? As long as you are a group and make your money, what is our business?

Werey people[/color]

iamoyindamola:
Who’s following this psquare fight again
I don’t understand how twins will be fight to death because e suppose dan end by now
Don’t they have family members to interfere?
As for that Jude , never liked him, Cynthia Morgan was right after all the werey na ripper even to his blood brothers
Omo

[color=royalblue]Something is fundamentally wrong with both of them.

Next two years, dem go come back and release Reunion album.

I'm starting to see all these stunts as a strategy to stay relevant. Afterall, all the artistes in their set don retire.[/color]

Ibime:
The dumbest guy on Nairaland for a reason

[color=royalblue]He even affirmed that he was using it..

[/color]