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Nairaland Forum / Nairaland / General / Politics / Russia-Ukraine: Nigeria To Pay More For Fuel Subsidy, Capital Projects Takes Hit (12749 Views)
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Russia-Ukraine: Nigeria To Pay More For Fuel Subsidy, Capital Projects Takes Hit by BeeBeeOoh(m): 2:07pm On Feb 28, 2022 |
The current crisis between Russia and Ukraine is set to have a debilitating effect on the nation’s oil and gas industry with analysts predicting that should the tension not doused, oil price could hit $150 per barrel. https://www.sunnewsonline.com/russia-ukraine-crisis-nigeria-to-pay-more-for-fuel-subsidy-as-capital-projects-may-take-a-hit/
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Re: Russia-Ukraine: Nigeria To Pay More For Fuel Subsidy, Capital Projects Takes Hit by KingEverest: 2:07pm On Feb 28, 2022 |
if only we had a working refinery we could have make huge profit from this situation, but an oil producing nation don't have a single working refinery that can refine PMS this country is cursed 63 Likes 4 Shares |
Re: Russia-Ukraine: Nigeria To Pay More For Fuel Subsidy, Capital Projects Takes Hit by Lindodo20: 2:19pm On Feb 28, 2022 |
BeeBeeOoh: Shebi 'Pastor' Osibanjo went on record to lie that non-oil earnings has grown to 70% under this regime 14 Likes 1 Share |
Re: Russia-Ukraine: Nigeria To Pay More For Fuel Subsidy, Capital Projects Takes Hit by Naijanascam: 2:26pm On Feb 28, 2022 |
And Nijeeria will be suffering more than Ukraine.........who really did this to us as nothing in this world is to the advantage of the ordinary citizens recently.... 21 Likes 2 Shares |
Re: Russia-Ukraine: Nigeria To Pay More For Fuel Subsidy, Capital Projects Takes Hit by janedonez(m): 3:41pm On Feb 28, 2022 |
This is terrible, when will global happenings favour Nigerians 4 Likes |
Re: Russia-Ukraine: Nigeria To Pay More For Fuel Subsidy, Capital Projects Takes Hit by xeratek: 3:41pm On Feb 28, 2022 |
How does the chaos affect fuel price 1 Like |
Re: Russia-Ukraine: Nigeria To Pay More For Fuel Subsidy, Capital Projects Takes Hit by KingZaddy(m): 3:41pm On Feb 28, 2022 |
... I have no comments... shouldn't have taken this space sef... There is just hardly something good in my mouth to say now... Please check out our short video... take a chill from worries... https://www.youtube.com/watch?v=qOcASCc8qh8&t=16s 1 Like |
Re: Russia-Ukraine: Nigeria To Pay More For Fuel Subsidy, Capital Projects Takes Hit by MAGG0T(m): 3:41pm On Feb 28, 2022 |
this is the opportunity they've been looking for Foooolss!! 18 Likes 3 Shares |
Re: Russia-Ukraine: Nigeria To Pay More For Fuel Subsidy, Capital Projects Takes Hit by ecolime(m): 3:41pm On Feb 28, 2022 |
Government of excuses and failures. Oil was below $100, they complained. It's above $100, they are still complaining. Worst admistration in the history of this country. 83 Likes 11 Shares |
Re: Russia-Ukraine: Nigeria To Pay More For Fuel Subsidy, Capital Projects Takes Hit by affable4(m): 3:42pm On Feb 28, 2022 |
Nonsense. During GEJ era, crude above $100 was a blessing you all referenced at one point or the other. But during your tenure now, it's a curse. GEJ NO PAY SUBSIDY? MAD MEN. 34 Likes 4 Shares |
Re: Russia-Ukraine: Nigeria To Pay More For Fuel Subsidy, Capital Projects Takes Hit by Maxymilliano(m): 3:42pm On Feb 28, 2022 |
More troubled days ahead 1 Like |
Re: Russia-Ukraine: Nigeria To Pay More For Fuel Subsidy, Capital Projects Takes Hit by Olamila: 3:42pm On Feb 28, 2022 |
Must everything negative connect Nigeria 5 Likes 1 Share |
Re: Russia-Ukraine: Nigeria To Pay More For Fuel Subsidy, Capital Projects Takes Hit by OGBEREIJEBU: 3:42pm On Feb 28, 2022 |
The excess crude money will take care of that and have more for infrastructure development 3 Likes |
Re: Russia-Ukraine: Nigeria To Pay More For Fuel Subsidy, Capital Projects Takes Hit by MangekyoAlt: 3:42pm On Feb 28, 2022 |
Re: Russia-Ukraine: Nigeria To Pay More For Fuel Subsidy, Capital Projects Takes Hit by christejames(m): 3:42pm On Feb 28, 2022 |
Just see a country that lacks true leader; Nigeria. Oil price increase should be a blessing to our economy, but because the govt left all our refinaries moribund, it has now become a curse... 8 Likes 1 Share |
Re: Russia-Ukraine: Nigeria To Pay More For Fuel Subsidy, Capital Projects Takes Hit by bigdammyj: 3:42pm On Feb 28, 2022 |
Okay |
Re: Russia-Ukraine: Nigeria To Pay More For Fuel Subsidy, Capital Projects Takes Hit by Dukeolumidemans(m): 3:42pm On Feb 28, 2022 |
U can imagine the effects on an already damaged economy with daft leaders and wild spread selfish mentality...the result is simply catastrophic!! I come in peace!!! 5 Likes 1 Share
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Re: Russia-Ukraine: Nigeria To Pay More For Fuel Subsidy, Capital Projects Takes Hit by Adesina18111(m): 3:43pm On Feb 28, 2022 |
One thing I still don't understand is WHY Nigerian Government refuses and fails to build refineries...even the money we pay to import fuel in a year is enough to build one refinery...I agreed Jonathan failed us but Buhari is worst...He promised to revive all the dead refineries and even build new ones...but all na lie...they are just wasting our money...I have been buying black market at the rate of #1800 per 5 litres since this fuel shit started...and NEPA no gree give us light for almost 2 weeks now...foods are expensive and even transportation fares are now increased... I need UKRAINE VISA abeg 5 Likes |
Re: Russia-Ukraine: Nigeria To Pay More For Fuel Subsidy, Capital Projects Takes Hit by Benjaniblinks(m): 3:43pm On Feb 28, 2022 |
Re: Russia-Ukraine: Nigeria To Pay More For Fuel Subsidy, Capital Projects Takes Hit by NaughtyBrainiac: 3:44pm On Feb 28, 2022 |
This story is long for nothing. It did not even explain how the current situation could lead to inflation in Nigeria. I am not an expert but I have common sense. Budget was prepared using 62 dollars as oil price. After paying for imported refined oil, we still made profit. Oil price is now almost becoming 2 times the price we used in preparing budget. ( please note that the increase in price doesn't have any significant increase in cost of exploring crude oil in Nigeria. The price increase here is Awuf) How then will this lead to inflation? No matter how expensive it is to import refined oil, the significant increase in price of the crude one would take care of all costs and leave us with surplus gain. Now to Subsidy. Subsidy in this case is just calling figures that don't practically exist. Just stupid theory. They want Nigerians to pay for the price of oil based on the international price? And they misappropriate the mammoth surplus or what? There will never be any significant improvements in the lives of Nigerians because we won't feel the impact of the surplus. Things would only be worse because increase in pump rate as a way of catapulting inflation in Nigeria. These people should stop telling us that increasing oil price is not good for us. They should please keep quiet. 11 Likes 1 Share |
Re: Russia-Ukraine: Nigeria To Pay More For Fuel Subsidy, Capital Projects Takes Hit by NeoWanZaeed(m): 3:44pm On Feb 28, 2022 |
Someone should summarize this for me..I don't understand o |
Re: Russia-Ukraine: Nigeria To Pay More For Fuel Subsidy, Capital Projects Takes Hit by orohbiro(f): 3:44pm On Feb 28, 2022 |
A |
Re: Russia-Ukraine: Nigeria To Pay More For Fuel Subsidy, Capital Projects Takes Hit by linearity: 3:45pm On Feb 28, 2022 |
Vg |
Re: Russia-Ukraine: Nigeria To Pay More For Fuel Subsidy, Capital Projects Takes Hit by Nobody: 3:45pm On Feb 28, 2022 |
Somehow one man called Dangote is Building a Refinery. One man Oooh. During Good luck Jonathan Regime one of the poorest country on planet earth Niger Republic built a Refinery. Poor Ivory coast have a Refinery. Nigerians are not ready yet. When we are ready we will hit the street and demand for what's our right. The people profiting from Subsidy and Importation of Fuel will never let Nigeria Own a Functional Refinery. Who dey deceive who? KingEverest: 10 Likes 2 Shares |
Re: Russia-Ukraine: Nigeria To Pay More For Fuel Subsidy, Capital Projects Takes Hit by MissionaryArchi(m): 3:47pm On Feb 28, 2022 |
Smh |
Re: Russia-Ukraine: Nigeria To Pay More For Fuel Subsidy, Capital Projects Takes Hit by benuejosh: 3:48pm On Feb 28, 2022 |
We must diversify and find alternative means of Energy. |
Re: Russia-Ukraine: Nigeria To Pay More For Fuel Subsidy, Capital Projects Takes Hit by lexy2014: 3:50pm On Feb 28, 2022 |
Wonkii87: theres no problem anywhere. just some lame excuses why the govt would continue on the path of failure, disappointment and negligence 2 Likes |
Re: Russia-Ukraine: Nigeria To Pay More For Fuel Subsidy, Capital Projects Takes Hit by Youngzedd(m): 3:50pm On Feb 28, 2022 |
Buhari is a failure. Tinubu is Buhari Pro Max. 9 Likes |
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