₦airaland Forum

ThatFairGuy:
No.
He should nominate someone rather.
They all should rest, we need new faces, vibrant youths

If someone has proven himself in office to be a performer, there is no need to retire him if he's still interested in serving the people. Femi Adesina was never retired by international organisations, the same thing for Okonjo Iweala.
Many of these youth you're clamouring for won't do nothing but to steal

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 !

Not if NLC refused to be compromised.

Good decision. It will affect my business but I'm in support of this strike.
Why should Nigeria become the only crude oil producing nation that does not deserve to enjoy subsidy? Must we give in to corruption and pretend like we have found solution to our problem? Removing subsidy is not the solution but an admission that corruption has defeated us as a nation

Tonevoice:
At least he's not hiding his age, everyone knows he's an old man

So, the discussion is not about old man with failing health shouldn't contest to be a president anymore because it is Biden this time around? Or, you want to eat their age if you know it?

Parachoko:
Yea, absolute majority of Nigerians are with Asiwaju

NLC strike might be successful in the South East though, not in other part of the country.

I'm in transport in SW, there strike will be highly welcomed and supported

Aguogba:
Lol. Now i know why a lot of people fail in business.
To make it clear like ABC to you like a JJC that you are.

Assume you got a loan to start petroleum retail. You rented a station everything is in place. You used your capital and bought A SINGLE TANKER of petrol as at May 25th for 175/L ×33,000 (5,775,000) . Normally you would sell for 220/L and make profit of 45/L (profit is 1,485,000 )

Now after 29th May, subsidy is removed. As novice wey u be, u rush sell that product for 450/L. For your "Olodo" mind u don hammer be that. Na to go price land for a new station. 450×33,000 =14,850,000. (profit is 9,075,000 abi)

Then you go to depot to buy ANOTHER SINGLE TANKER of 33,000 litres of petrol and they tell you Depot price is 480/L
480×33,000= 15,840,000.
Now answer me, did you MAKE PROFIT?

Long story. The price you buy determines the price you sell. They're selling subsidised petrol at 500/L.
If you go back and buy 450/L now, you're free to determine what price you will sell to make profit.

Parachoko:
Well, a protest or strike by NLC will fail woefully.

Absolute Majority of Nigerians are with Asiwaju on this subsidy issue

Subsidy is gone.

Absolute majority! Lol. When you are done deceiving yourself, just let yourself know.

BreconHills:
I dont blame you for distrusting government. The trust deficit can only be bridged by the government. I can't speak to that.

However there is a subsidy. Subsidy does not even equal availability because the subsidy makes it attractive to sell to neighbouring countries. I don't know if you've seen that prices have risen in our neighbouring countries and they are lamenting.weve been subsidising our neighbours and starving ourselves.

As for trust deficit, bridging this will take a lot of time and consistency by the government.

Good morning

Does it even make sense to you that Nigeria is the only oil producing country that removed subsidy on kerosine, diesel and now petrol for her citizens because of some nonsensical reasons that should have been tackled?

Parachoko:
Comrade Joe Ajaero, President of NLC fit test his popularity on this issue by calling for a Protest

Subsidy has gone with the Buhari Administration.

They don't need protests, just calling for industrial strike is enough.

I trust Asiwaju on this issue though, he won't backtrack.

Only if there is no prolonged industrial strike. His government will be grounded.

Ihateheadslamer:
Let The Nigeria Labour Congress speak for themselves.

The masses will decide whether to protest or endure the# hardship of continuing trekking to their destination

Be deceiving yourself. If masses were going to react with protests, it should have started already. You, this living hate

Then, the sensible thing to do is to prevent it from being taken out of the country instead of putting over 200 million citizens in more hardships.
Why shouldn't an oil producing nation like Nigeria enjoy cheaper oils price when other oil producing nations are enjoy it?

bobofellaini:
No any price fixing by NNPC LTD. They are operating the same way other major marketers are operating now. It's a legal entity now not public corporation. They dished out their own price of between N488 to N550. It's other marketers that are imitating NNPC. In essence, every marketers can decide it's own price with this deregulation regime.

The fact that all of them nationwide including mighty Bovas have immitated NNPCL, that shows you and me that no competition will bring anything down

sammirano:
>This is unacceptable how can we buy fuel at over $1 per litre. Even the US don't buy at that rate. FG needs to do something

I think Nigeria is going to be the first and only country that produces crude oil but can't subsidise the same product for the benefit of her citizens. Shame!
We have oil in abundance but corruption will make us pay the same price that non crude oil producing nations are paying, may be even more

vincenteger:
Greed.
Even on your sick bed you can't hand over to your deputy.
So millions of people should suffer because one man is sick.
Leadership is not by force, resign if you are not healthy for the job.

This makes me remember governor Suntai of Taraba who was being "decorated and packaged" by his family and friends as a working governor despite him not aware of anything happening in his surrounding until he finally died

Aldol:
Those criticising are either doing it out of hatred for the president or are ignorant about subsidy matters. A wise and patriotic Nigerian will wholeheartedly support this subsidy removal

You can't speak on why those who are criticising it are doing so. Everyone has their reason for supporting or against.
I for instance like Tinubu and understand economy more than majority of Nigerians but I'm against fuel subsidy removal for a number of reasons.
Tinubu should get rid of corruption associated with the subsidy payments instead of this lazy solution.

All Nigerians are the beneficiaries, expect fierce opposition from the majority of them. Because as it is, the hardship that will come with this high price of fuel can better be imagined than experienced!

BrokenCondom:
What will happen to workers salary as prices are now skyrocketing?

Well, workers have the power to force Tinubu reverse his fuel subsidy removal decision. He should tackle the corruption associated with the subsidy payments. At N500/L, things will be much hard for millions of Nigeria and it has already begun

N3TRAL:
The NLC are empty individuals. Government didn't fix petrol prices, NNPC did for their filling stations.

By virtue of the Petroleum Industry Act, NNPC is a private company and no longer a government corporation. The prices fixed by the NNPC are independent.

Filling stations that are not under the NNPC franchise can sell at whatever price they want.

Let's face it, the NLC wanted their party to win. The leadership of the trade union endorsed the Labour Party during this year's general elections.

It is painful when groups try to stall genuine and pertinent economic plans because they're not in power. It is counterproductive to play politics when its time for governance. Tinubu himself and most members of the APC countered Jonathan when he started the process of removing fuel subsidy many years ago.

However, the NLC and its sister organisation, the Labour Party, will fail to stop the removal of fuel subsidy and will fail to win elections in 2027 😂

So, Mr explanator, what made NNPC fix new hiked prices if we may ask? Was it not because subsidy is gone?

TOPCRUISE:
If NLC go on strike Tinubu's goons in Lagos will see it as a declaration of war.

No. They just couldn't allow settlers to take control of Lagos state. This is different, it affects everyone

LeoDeKing:
NLC should go take several seats.

Criminal oil moguls and Lazy Party can't dictate to us through NLC.

Trust me, you, me and the rest of Nigerians have nothing to gain from the fuel subsidy removal.
Some people might be making money through subsidy, Nigerians are equally benefitting from it, I do.
The ones that was removed from kerosine and diesel, what was the gain for ordinary Nigerians?

Rebuker:
Don't worry, it's all for " our good" :

You haven't learnt anything from the past. Lol
Privatisation of power sector was supposed to be for our good.

This is good. Well done comrades

Dbegining:
Transfers were made. Or have you forgotten Abike the Diaspora agency boss that confirmed the one in Ikorodu?

My household and I voted for Tinubu and nobody transferred money to us, likewise many voters that I knew. May be 5k was transferred to you, I can't say.

Aguogba:
Make I ask you this. If you go to poultry farm and BUY 1 crate of egg at 1k to SELL AT 1500 and on your way back, you hear that purchase price is now 2k to sell 2500. Do you think that you will make profit even if you sell that one you bought for 2k?

Why would you buy at 2500 naira and sell at 2000 naira

These are simple knowledge that business people possess that even learned people outside the business community don't easily understand. You have to be involved to understand what they know.

This singular example I gave you above is a tip of the iceberg. It is one of the reasons that inexperienced people lose their capital and fold up through bankruptcy. They do not know economic secrets that guide businesses.

That is why Igbos do "NWABOY" or apprenticeship for every branch of business. When you prove yourself worthy, Oga go leak some of these priceless secrets to you. Dem no dey teach am for school.

Coming back to the subject, a petroleum dealer that bought his PMS (petrol) for e.g 170/L cannot make profit even if he sells each litre for 450naira.
The ONLY way he can make profit and remain in business is to sell at his NORMAL margin ON TOP of the current (EX DEPOT) pump price. Unfortunately, this price is not yet fixed by FG /NNPC, PPMC
So, most marketers, as it stands, will prefer to LOCK UP their stations pending official depot price release.
Those that want to GAMBLE can only afford to sell at a margin of e.g 10-15 Naira above NNPC station prices for each state. That's the only way they stay in business irrespective of how much they bought the fuel that they have now. Remember, they will have to buy another consignment after selling what they have.

You don't know your Maths at all. The price you buy determines the price you sell. You bought N170 per litre and sell N450 per litre, you already made your profit. If you go back and buy at N500 per litre, you won't come back and sell at N450/L.
So my friend, why would you say anyone who bought subsidised petrol and selling N500/L now doesn't make profit? Go back to school

DOptical:
Aren't they Nigerians?

No. They are the government. Lol

DOptical:
Take it up with the NNPC. Tinubu just assumed office today. Anyway, Tinubu knows how to deal with this kind of thing. He dealt with Obasanjo bullshit for example.

Lol. I thought you were trying to put the blame on Nigerians .. Might as well tell us why NNPC released the new price that doesn't reflect subsidy?

InvertedHammer:
/
The current price is a better reflection of global price.

But then Nigerians don't earn anything closer to their counterparts in other countries.

Campaign is over. Election is over. Reality is in-charge.

The N5k you collected near the Polling booth can't even get you 4 gallons of fuel. Extrapolate that to 4 years

The duty of Nigerians is to continue to fvck up and self-sabotage. My job is to mock them with the government.

/

Did you collect money? Were you given the money? Because, I clearly remember that there was no money at the time to buy votes due to cashless policy. Stop saying nonsense

DOptical:
Anyway, Tinubu just assumed office. If you had a brain, you would know that Tinubu just came into office yesterday and hasn't even assumed payment of salaries, let alone anything. It's not Tinubu's fault that useless greedy Nigerians start to act up and hoard already subsidized fuel. Anyway, they will get their asses whooped soonest! Useless thieving people!

How does your statement justify or defend NNPC Limited decision to sell N500 and above per litre?

inoki247:
Lol what's the adjustment for again I tot they've removed Subsidy why still trying to determine the Price...

No, they do not try to dictate price to others because that's what you meant. NNPC only determines price for its outlets, not to others

blaise26abj:
Let’s discuss .
Subsidy itself is not a problem . Corruption is the problem . No matter the amount saved , corruption will still take it .
You cannot say because the bath water for the baby is dirty , throw the baby and the water away . Corruption is the main issue . We need to reduce it drastically in our polity .

That's what I have saying too. The corruption that made the payments for subsidy to skyrocket will still make the whatever funds saved from the subsidy removal disappear into the private pockets

LeoDeKing:
Yes, they can meet to discuss how to mitigate the spontaneous effect of the removal. But I trust the great Jagaban of Africa, subsidy is gone and gone for good.

A line may be added in the salaries of public and civil servants. Learning and medical facilities may be provided in appropriate institutions at reduced prices for the benefit of Nigerians. Infact, there are more than a million ways to redirect the subsidy funds for our collective good.

But continued enrichment of the already very rich fuel marketers in the name of the scam called subsidy should stop forthwith.

God bless PBAT
God bless VP Shettima
God bless Nigerians in all the six geopolitical zones.

A prolonged industrial strike will reset his brain and force him to reconsider his decision.

So, what stops Tinubu from sending supplementary budget to the national assembly to allow for the provision? Deceptors