Apc and Buhari with Fulani cabal has grounded Nigerian

And the ZOO has no single functional refinery despite being a strong member of OPEC and you expect anything good to come out of the ZOO lol

SmartPolician:
A country that virtually runs on petrodollar, yet it cannot boast of one functional refinery and now the entire country has to wait for Dangote to start refining crude oil locally.

Buhari has been borrowing money to construct railways - something we can do without - leaving the most critical aspects of the economy, electricity and the downstream sector.

The oldie has headed the petroleum ministry since the inception of his administration. The NNPC cannot boast of one fully functional refinery, the corporation keeps paying staffers for doing nothing, and every year it incurs huge debt. Please what has Buhari achieved as the petroleum minister?

bro as much as i agree with ur view, lets thank God that mistake in aso rock spent borrowed money on rail, that is the only sector you will spend & see what you're spending on.
other sector such as power, petroleum & agric is a bottomless pit, a total waste of money it like they swore never to allow those sectors function efficiently

Mr Sense,
Does your brain not tell you that it will be cheaper?
Let me enlighten your ignorance.
1. Nigeria has the raw product.
2. Nigeria sends it out.
3. Nigeria re-imports the product.
4. Nigeria sells the product at an expensive price.
5. Nigeria continue to service the non-performing refineries
The fraud by greedy politicians is in Steps 2 and 3.
Mr Sense, Mr Buhari told Nigerians that subsidy is a scam. Today we still pay the scam.
Why can't the country have a minister of petroleum other than the president? How will you rate the performance of his ministry?
Mr Sense, tell yourself the truth. The system isn't working.
An oil producing nation should have refineries working.
Let the refineries function.
Mr Sense, if other countries refuse to make their refineries work, where will we be taking our crude to, to refine?
Anyways, from your comment, I can guess your age.
Or is it because of foolishness?
Mr Sense, the system is not working.
In other sane climes, the whole cabinet would have resigned themselves.
Mr Sense, don't support evil, because evil usually outlives its supporters. Your generation will feel it. And they will curse you for your failure to speak against evil.
At least learn from the great Luther.
Better to remain silence than speak foolishly

PataAlhajaKeji:


And you feel the price will drastically reduce, even if there are hundreds of refineries in the country?

Even countries with adequate numbers of refineries pay more for PMS than Nigerians do.

Do you even know the cost components of a litre of PMS and how the prices are arrived at?

You don't have sense.

PataAlhajaKeji:


So Buhari is the reason PMS landing cost hit 216 NGN?

A lot of dumb Nairalanders out there. I'm weak.

As a matter of fact, I am deactivating my account.

Bye y'all!

negodu open foolishness,who's fault is it urs right?

Useless country

anigbajumo:
The longer we keep fooling ourselves the more economy will become worse, it's so obvious this unitry system of Government is not working. why is it difficult to return to Fiscal federalism where by each region will control their resources. Why are we fooling ourselves for goodness sake?? It's obvious PMS is the major determinant of our economy, any little increase will cause inflation yet we still keep on rolling around the same circle. If a litre of PMS hit #300 per liter (coz FG can't pay billions of Naira as subsidy every month in long run) just be expecting inflation to reach around 30% increase b4 the end of the second quarter of this year coz it's currently around 22% and we see how things cost in the market, that's when the real suffering will set in.

Sincerely speaking, am highly disappointed in Buhari. Most of the companies around Agbaara industrial hub most expecially in Igbesa in ogun state are not working coz there is no Gas supply like b4, if things continue like this honestly speaking no production company will remain in this country b4 the end of this year.

What baffles me is that we Nigerians are synonymous to suffering, Nigeria Youths av not woken up from their dream to float a new party that will pack both APC and PDP to one side coz non of these devish party will restructure this country rather than to loot for themselves and their grandchildren but posterity will judge u all.

Who did u vote in 2015 and 2019. Who did ur friends vote. The answer to this question should answer ur post

The harsh reality of these new figures underscores the reality...subsidy is a waste of money and it has to go, along with price controls.

Nigeria does not have the money, and we never had the money to keep prices of fuel low. Anyone who thinks otherwise is, sadly, engaging in self deception.

Kuku kill us na!

Another bullocks for ZOMBIES by the useless govt of self serving THIEVES!

CocoaOla:
Nigeria in 2015 vs Nigeria in 2021

Petrol price: N87 vs N165.50
Dollar: N200 vs N480
Rice: N8,500 vs N31,000
Electricity tariff: N14.23 vs N62.33
GDP: $550.6bn vs $510.54b
Per capital income: $2,830.43 vs $2,202
Vat: 5% vs 7.5%
Stamp duty: N0 - N50/1k

Inflation 8% vs 22%

Apc negative change

We also had oil prices as high as $100 between 2010-14,meaning we had the dollars to buffer the naira and to pay for all those nice things you listed.

Buhari had oil prices below $75 and as low as $25 twice, meaning he had less dollars to fund the nice things you want.

My saying this does not mean I regard Buhari as a good leader...especially as he did not use the tolls he had to get us off oil.`

Sai barber and his internet minions are more interested in ipob and esn while the country is going the way of Somalia day by day

SmartPolician:
A country that virtually runs on petrodollar, yet it cannot boast of one functional refinery and now the entire country has to wait for Dangote to start refining crude oil locally.

Buhari has been borrowing money to construct railways - something we can do without - leaving the most critical aspects of the economy, electricity and the downstream sector.

The oldie has headed the petroleum ministry since the inception of his administration. The NNPC cannot boast of one fully functional refinery, the corporation keeps paying staffers for doing nothing, and every year it incurs huge debt. Please what has Buhari achieved as the petroleum minister?

NNPC cannot boast of a fully functional refinery because since the late 1980's it has been forced to sell fuel below the cost of production.

As a result, it could not , has not been able to run the refinereis profitably, and thus the refineres have become run down, and non-functional.

We could have solved this problem if we had removed subsidy since...even as early as 1993, OR 2006. Both times, Nigerians said no.

Removing subsidy, even now, would allow NNPc run its refinereis profitably...which would in turn make them functional. Addtionally privatrising NNPC means workers would be incentivised to work to make the refinereis run well...because bad refinereis in this scenairo means no profit means no salary.

But thew thing is., Nigerians want to pay N40 for a liter of fuel...which is why APC won...through that lie.

BigBizzy:
Oh Nigeria pays subsidy? Thought buhari scrapped it

If Buhari had really scrapped subsidy, by now fuel would have cost over N300 per liter

What happens when government says they have scrapped subsidy is that they have partially removed/reduced the amount they spend subsidsing fuel, which manifests as an increase in the price....and this happens when the cost of subsidisng fuel rises.

anybody that read this to the end has time

The government could spend 100 billion naira daily on subsidy daily, we Nigerians dont care, let them spend it, because if subsidy is removed, instead of using the funds gotten from the removal of subsidy to better the lives of ordinary and poor Nigerians, these greedy governmental officials will still steal all the funds. Beside they were the same crop of politicians crying fowl and led protest when jonathan wanted to increase the price of petrol then. These dimwits and retards are very good at dishing to others what they cant take

Sysdatek:
They are all wettjng the ground for dangote to come and sell fuel 300 naira

Hmmm

Fact

PureMe01:
from one brown roof in Oshogbo but I'm on my way to Benin Republic now.Watery beans has finished in the camp,they need more.So I want to help with the one plate I have here

Upper cut

Capernum:
I am feeling like many people have been trapped in this country.

The most painful thing is that you cannot even travel out of this pit and settle down somewhere else because it's not cheap and the processes are herculean.

Somebody help.

They will soon have not other option than to increase the price of pms.

So what else do you want the government to do?

Our GDP is 15% dependent on oil, but our income is 70% dependent on oil..and it is the income that is used to pay for infrastructure, salaries, and subsides on petrol, electricity, and even educaiton.

The alterantive we have is to widen the tax base. At the moment, 30% of Nigerians who should pay taxes actually pay. Government should ramp up efforts to colect taxes from the remaining 70%. WHich is going to be hard because most of the 70% work in the informal sector

Yet, if we do that, we might have enough money to keep fuel below N100 even per liter.

But since Nigerians don't want to pay more taxes, subsidy has to go. Because of subsidy, we have not been able to keep our refinereis profitable for decades, since the late 80's infact...which is why they have all run down.

Subsides means price controls, which means petrol gets sold at a price lower than the cost of production, plus transport costs too are kept low. This not only prevented refienreis from running at a profit, it also forces marketers to smuggle fuel to countries where there is no subsidy to make a profit.

Eityher way, it is costing us billions of naira .And it has to stop.

InvestingExpert:
good morning

Oga this One no be whatsapp fah abi u no no where u dey

goshee:
And the ZOO has no single functional refinery despite being a strong member of OPEC and you expect anything good to come out of the ZOO lol

Because since 1988, government has kept the price of petrol lower than its cost of production...and the subsidy paid to cover the difference has not been enough.

And attempts to rectify this in the past...have always been met with resistance.

All is well

With rue my heart is laden that for a country so blessed with natural resources yet poverty is is having glamorous feast on her citizens..

But for bad, corrupt and self-centered leaders from inception, Nigeria would have been an Envy to the world.. corruption won’t allow any of our refinery function..

Even as the lord tarry, May he continue to keep and provide for his children in Nigeria.

EKONGKING:
By the end of Buhari aka mr integrity rule,Nigerians will be begging for satan to rule them.
Satan is a infant compared to the horror of this presidency.

I have a solution to make NNPC refineries work.. Deduct the monthly subsidies from the monthly salaries of all NNPC workers..

PS: Deductions should be done on pro rata basis with top management having highest deductions from their monthly salaries..

PataAlhajaKeji:


And you feel the price will drastically reduce, even if there are hundreds of refineries in the country?

Even countries with adequate numbers of refineries pay more for PMS than Nigerians do.

Do you even know the cost components of a litre of PMS and how the prices are arrived at?

You don't have sense.

Sensible people argue with facts to enlighten the public.

They don't ask useless questions like you just did.

Learn to be sensible.

Highest level of corruption at its play.
Very quick to estimate how much to be subsidised in a month when the global amount of the crude oil is not fixed for a month and changes all the time . In nija anything that goes up doesn't come down.

NIGERIANS NOW NEED SPECIAL FACE MASKS AGAINST THE DISEASE OF THIS BUHARI'S ADMINISTRATION WHICH IS WORST THAN COVID-19 PANDEMIC.

Cost is relative

PataAlhajaKeji:


And you feel the price will drastically reduce, even if there are hundreds of refineries in the country?

Even countries with adequate numbers of refineries pay more for PMS than Nigerians do.

Do you even know the cost components of a litre of PMS and how the prices are arrived at?

You don't have sense.

Let them keep subsidising the rich

PataAlhajaKeji:


So Buhari is the reason PMS landing cost hit 216 NGN?

A lot of dumb Nairalanders out there. I'm weak.

As a matter of fact, I am deactivating my account.

Bye y'all!

one less moronic alhaji ,out of nairaland.
but your moronic head said subsidy is a scam when crude oil is at 120 dollars.

PureMe01:

APC zombie don dey speak grammar.You never see anything you 97%

I wonder why the government find it very difficult to do the needful. God help us