alimiadedayo1:

is you that know everything Mr man I know all with your analysis in your mind you are very intelligent and know what you are saying.. in reality most of what you guys copy and paste from someone is not viable I know u did copy and paste hook and sink

Ah well, at the end I am not the President of Nigeria, so my saying that subsidy has to go won't have any impact on the thing.

But seriously, the way you are losing your temper over what is a simple argument...calm down. This is a discusion. You can disagree with me without all the abuse.

Fuel queue has been here with us in Abuja for almost a month and it is biting harder. The Government has been fumbling perpetually about the PMS.

IbeOkehie:


Most Nigerians simply can't think beyond their immediate greed. They want everything cheap, they always want to outsmart every system.

Your moderation is commendable. In my view all subsidies in Nigeria should be scrapped. You'll be amazed if you dare to list the goods and services subjected to subsidies and price controls in Nigeria.

Anyhow as the typical Nigerian will say...it is well....LOL

It is well o. (I like that phrase , always have...).

Kasssandra:


Ah well, at the end I am not the President of Nigeria, so my saying that subsidy has to go won't have any impact on the thing.

But seriously, the way you are losing your temper over what is a simple argument...calm down. This is a discusion. You can disagree with me without all the abuse.

I am not losing temper but I only feel for common people who barely survive the current economy situation of this country.. there are some policy that cannot work at some present situation even if the policy is very good an example of what I am saying is ban on importation is good but have they provide the necessary infrastructure for the sectors if they implement it will not solve our problems and people will continue so suffer.. all blames should go to the government cause they lack proper planning for any policies they make

Kasssandra:


Ah well, at the end I am not the President of Nigeria, so my saying that subsidy has to go won't have any impact on the thing.

But seriously, the way you are losing your temper over what is a simple argument...calm down. This is a discusion. You can disagree with me without all the abuse.

even if they remove the subsidy all the benefits listed the government with still deprived us of it because there is internal corruption within the government system unless that one is dealt with nothing good will come out of it.. we have tested our government with our budget will billions of dollars invested in sectors poor masses did not enjoy the dividend of it or does not benefits from it... people are really suffering we cannot because of providing profound solutions cause more pains to people you want to solve their problems.. the timing is very important in implement any policies

Kasssandra:


Well, the elephant in the room is complete removal of subsidy.

Because we have delayed something that should have happened since 1989, even since 1993....we are in this mess. I mean removing subsidy.

I blame Buhari well well, for not removing subsidy on June 1 2015 (like Ruto did in Kenya within 2-3 days of taking over). Maybe he would have lost in 2019, but by then, the worst would have been over.

^^^
The implicit (or explicit) assumption is that deregulation will lead to private investment in new refining capacity. But will it?

Don't get me wrong. The subsidy on imported fuel is unsustainable. We all know that.

alimiadedayo1:

I am not losing temper

From the stream of abuse you have been giving me, you are.

but I only feel for common people who barely survive the current economy situation of this country.. there are some policy that cannot work at some present situation

I am not in government, I am not implementing government poliices, I am not the petroleum minister of state, or Buhari , I am not even in the civil service self...yet you are abusing me as if I am.

Seriously, calm down. This is a discussion. If I astarted abusing you, you won't like it.

even if the policy is very good an example of what I am saying is ban on importation is good but have they provide the necessary infrastructure for the sectors if they implement it will not solve our problems and people will continue so suffer.

And where do we get the money to put in the good infrastructure?

The GSM you are using ...and the internet you are using....is possible because the then government did not implement a subsidy on their service....they let them set their prices.

And their prices were oppressive. I was a student when they were comming on stream...and I could not get a phone till 2003...two years, and even then it was not cheap.

But because they could set their prices, they could make the profit to build all the supporting infrastructure.

We have forced the petorleum industry to sell fuel at a loss for nearly 50 years......and see what it has gotten us. A deficit in the budget, debt, corruption, bad refineries, and massive losses of money...because cheap fuel.

And if we had not removed subsidy on diesel in 2013, it would have been ten times worse.

. all blames should go to the government cause they lack proper planning for any policies they make

[/quote]

True...we both blame the government, where we differ is the solution.

GratefulSoul27:
For over a month now we've been battling fuel scarcity here in Abuja
Due to flooding in Kogi

After a week and a half this was discounted.
Moreover there are alternative roads into Abuja from the south and it doesn't take three weeks to find them.
I buy all my gasoline from Nasarawa state at a premium for now. I cannot have my cars damaged in rowdy fuel queues.

Fujiyama:


^^^
The implicit (or explicit) assumption is that deregulation will lead to private investment in new refining capacity. But will it?

Don't get me wrong. The subsidy on imported fuel is unsustainable. We all know that.

It will. Because for once, people will make a profit on refining fuel.

reuben81:
Which flooding,the road is free now,and yet there's fuel scarcity still in Abuja

Thank you.
And the government is busy screaming in silence on this matter while the citizens they claim to lead are suffering immensely.

even if they remove the subsidy all the benefits listed the government with still deprived us of it because there is internal corruption within the government system

So, have you started participating in your democracy to stop the corruption in government? Instead of sitting down doing nothing?

unless that one is dealt with nothing good will come out of it..

In 1973, when Gowon brought subsidy we had working refineries. Now we don't.

Plus the issue is not corruption...let people make a profit doing business...and the refining of petrol is sadly a business.

Subsides breed corruption....because they do not let people involved in the business make a profit.

we have tested our government with our budget will billions of dollars invested in sectors poor masses did not enjoy the dividend of it or does not benefits from it... people are really suffering we cannot because of providing profound solutions cause more pains to people you want to solve their problems.. the timing is very important in implement any policies

Meanwhile the continued maintenance of the subsidy is heaping a debt burden that your kids will pay off, even yer grandkids.

Kobicove:
I didn't even know there was petrol scarcity in Lagos until now.

How long do we have to keep dealing with this?

Until we take the reins of government from the charlatans presently running it aground.

HarlequinLekex:
Let the church hear what the Spirit has to tell the church.
Tinubu will become the presido whether u like it or not,e get why.


Rebuke
Kasssandra
Lightorder
Judal
gonkin
Reinaldo

Tinubu will rig the election no matter the tech they use;he can even sack the leader of inec from london on his sick bed

Are u being sarcastic?

Kobicove:
I didn't even know there was petrol scarcity in Lagos until now.

How long do we have to keep dealing with this?

Until subsidy COMPLETELY goes(not partially), and the price of petrol is set by the market(Not the government)...meaning government will no longer waste money on the petrol sector, rather they would fund themselves from the profits they make as a result.

Kasssandra:


From the stream of abuse you have been giving me, you are.



I am not in government, I am not implementing government poliices, I am not the petroleum minister of state, or Buhari , I am not even in the civil service self...yet you are abusing me as if I am.

Seriously, calm down. This is a discussion. If I astarted abusing you, you won't like it.



And where do we get the money to put in the good infrastructure?

The GSM you are using ...and the internet you are using....is possible because the then government did not implement a subsidy on their service....they let them set their prices.

And their prices were oppressive. I was a student when they were comming on stream...and I could not get a phone till 2003...two years, and even then it was not cheap.

But because they could set their prices, they could make the profit to build all the supporting infrastructure.

We have forced the petorleum industry to sell fuel at a loss for nearly 50 years......and see what it has gotten us. A deficit in the budget, debt, corruption, bad refineries, and massive losses of money...because cheap fuel.

And if we had not removed subsidy on diesel in 2013, it would have been ten times worse.


True...we both blame the government, where we differ is the solution.

u said where did we get the money or what if u get you.. what happened to money they borrowed? you think it is only oil and gas Nigeria depend on to survive pls go and look at other sectors that contributed a lot to our economy infact agriculture, industry and ict/telecom contributed a lot to the economy than oil and gas in the past years.. what about firs and customs do you know how much they bring to the table? forget about oil and gas or maybe you have not heard of recent how they said nnpc have not contributed anything to federal government accounts.. netherland runs their economy from transportation sector and they are better than Nigeria in terms of infrastructure.. we can run this country with good infrastructure without oil and gas sector and we have been doing that without us knowing

Kasssandra:


It will. Because for once, people will make a profit on refining fuel.

^^^
I admire your faith.

If I remember correctly there was a time licenses were issued in this country for diesel refineries. The argument was that the subsidy on diesel had to go for private investment to flow in and create new local diesel refining capacity. In response to this argument the market for diesel was deregulated and AGO price controls were lifted. This was done years ago.

Where is the investment in new diesel refining capacity? Your guess is as good as mine.

April fools dumb asses , winter is here and petroleum prices are about to sky rocket , Europe needs more fuel and the remnants for Africa, an increase in petroleum prices are on , the local refined fuel has been cut by the mighty wise leader his dumb highness bubu the greatest of all times, so you guys are left with your dicks in your hand and Jerry cans in the other

]

alimiadedayo1:

u said where did we get the money or what if u get you.. what happened to money they borrowed?

Your salaries, wages, projects, etc....and most especially subsidy.

We borrow because we rely on oil and the price of oil is never where we want it to be.

Like now, we need oil to be always at $120 at least (fiscal breakeven)...and since 2014 till december last year it has been below 90 dollars, and attimes as low as 20-30 dollars, especially during covid. How do we make up the losses ...we borrow.

Corruption is there.....I am not denying it.

you think it is only oil and gas Nigeria depend on to survive pls go and look at other sectors that contributed a lot to our economy infact agriculture, industry and ict/telecom contributed a lot to the economy than oil and gas in the past years.. what about firs and customs do you know how much they bring to the table? forget about oil and gas or maybe you have not heard of recent how they said nnpc have not contributed anything to federal government accounts.

The day you know that Nigeria needs far more money than we ever make.

Also, we don't tax much of our GDP....that's why we don't see much of the benefits.

Finally, if we did, we still, at best rely on oil...which is why government always has a baseline oil price when passing budget.
.

netherland runs their economy from transportation sector and they are better than Nigeria in terms of infrastructure.. we can run this country with good infrastructure without oil and gas sector and we have been doing that without us knowing

Holland also has

1.a good industrial sector...which exports.(oil is our major export)

2.A good agro sector...which is industrial in nature...not the subsitence farming we do here, or cow herding we do here...and exports massively.(our agro sector does not export much in comparison.).

3.A high tax to gdp ratio of 29% . (Nigeria=8.1% )

That's why they are rich.

Fujiyama:


^^^
I admire your faith.

If I remember correctly there was a time licenses were issued in this country for diesel refineries. The argument was that the subsidy on diesel had to go for private investment to flow in and create new local diesel refining capacity. In response to this argument the market for diesel was deregulated and AGO price controls were lifted. This was done years ago.

Where is the investment in new diesel refining capacity? Your guess is as good as mine.

Petrol subsidy is still there....

It all has to go, then we can talk and see.

My point is, either government lets the entire sector make a profit, or it does not. Let's face facts.

(And anyway BUA is building a diesel refining plant in Imo, if my memory serves me right...then Dangote too will also be refining oil into diesel too).

Cyntie55:
May God help us in this country. Life in Nigeria is really hard.

Prices of goods in the market are skyrocketing.
No light
Fuel scacity
Insecurity
Unemployment

Everybody are just suffering and smiling in this country. It is well

but you aren't affected by the economy nau..! Y are u complaining?

Kasssandra:


Petrol subsidy is still there....

It all has to go, then we can talk and see.

^^^
No sir.

I don't think that answers the question. I urge you to investigate my claims - I could be wrong for all you know. But if I am right then it raises new questions about deregulation's ability to automatically attract new investment.

Again, don't get me wrong. Importing expensive refined fuels is madness - everyone knows it is not sustainable. What isn't so clear is whether local and foreign investors will flock in to build new local refineries once the entire downstream market is deregulated. Maybe they will, maybe they won't. Time will tell.

I ask you once again to investigate what I said about diesel refineries. That was years ago and I'm not sure if the info I had then was accurate. But if indeed that market was deregulated and local private investment did not flow in - it raises some uncomfortable questions you must confront.

Fujiyama:


^^^
No sir.

I don't think that answers the question. I urge you to investigate my claims - I could be wrong for all you know. But if I am right then it raises new questions about deregulation's ability to automatically attract new investment.

Again, don't get me wrong. Importing expensive refined fuels is madness - everyone knows it is not sustainable. What isn't so clear is whether local and foreign investors will flock in to build new local refineries once the entire downstream market is deregulated. Maybe they will, maybe they won't. Time will tell.

I ask you once again to investigate what I said about diesel refineries. That was years ago and I'm not sure if the info I had then was accurate. But if indeed that market was deregulated and local private investment did not flow in - it raises some uncomfortable questions you must confront.

And I told you that

1.BUA

2.Dangote

3.Some other players.

Are going to be refining diesel.

My point ultimately is simple....if you want people to refine diesel , petrol, etc, make it worth their while...by letting them make a profit doing so.

I don't know why people are not taking up the opportunity to refine diesel in Nigeria...so it is no use asking me. But I know that years of running the petrol sector at a loss is why we are not having domestic refining for a lot of things...diesel included.

You want cheap fuel. I think it is not possible. We can disagree there. Good afternoon.

Reference:


Thank you.
And the government is busy screaming in silence on this matter while the citizens they claim to lead are suffering immensely.

don't mind them it's liar opon liar,the last one that happened,they said it's because the Muslim truck driver that went for sallah

Subsidy is not the problem, corruption and greed are.
There are other solutions apart from removing subsidy: Fix the refineries. Build more refineries. Stop smuggling of petroleum products to our neighboring counties.
If you cannot do the above, RESIGN!

Kasssandra:


From the stream of abuse you have been giving me, you are.



I am not in government, I am not implementing government poliices, I am not the petroleum minister of state, or Buhari , I am not even in the civil service self...yet you are abusing me as if I am.

Seriously, calm down. This is a discussion. If I astarted abusing you, you won't like it.



And where do we get the money to put in the good infrastructure?

The GSM you are using ...and the internet you are using....is possible because the then government did not implement a subsidy on their service....they let them set their prices.

And their prices were oppressive. I was a student when they were comming on stream...and I could not get a phone till 2003...two years, and even then it was not cheap.

But because they could set their prices, they could make the profit to build all the supporting infrastructure.

We have forced the petorleum industry to sell fuel at a loss for nearly 50 years......and see what it has gotten us. A deficit in the budget, debt, corruption, bad refineries, and massive losses of money...because cheap fuel.

And if we had not removed subsidy on diesel in 2013, it would have been ten times worse.


True...we both blame the government, where we differ is the solution.

Ehmmm .... the tankers that went to Abuja were the same ones that deliver within Lagos. The floods in diverse places left them stranded out there but as soon as the waters subside and they are safely back in Lagos I promise they will immediately resume delivery and end the apparent shortage.

FYI ... I was just appointed PR person for matters concerning fuels within Lagos. As a NLander ... I break the news here. Tomorrow you will see this same piece making headlines. Trust me.

GratefulSoul27:
For over a month now we've been battling fuel scarcity here in Abuja
Due to flooding in Kogi

Abegi which kain flood!?
Make una dey deceive una sef!

ezugegere:
Subsidy is not the problem, corruption and greed are.

Yes, because if I am selling at N175 something that costs over N200 or more to refine from crude oil....I won't be corrupt and greedy to keep up my profits...lest I go out of business.

You won't sell your product at a loss, if you were a manufacturer, to help the poor. Why do you want others to do so?

There are other solutions apart from removing subsidy: Fix the refineries. Build more refineries

And sell petrol at a loss from the new refineries in the name of subsidy...meaning no profit, bad running costs, and eventually the refinereis become scrap.

(We've been there, done that).

Or do as Iran does, they have subsidy, they have refienreis, and a debt that makes ours look like chicken change. (I checked, and yes, sanctions...but the subsidy too has its part. And the Iranian govenrment wants to remove subsidy too).

In simple language, we can build refineries...but then the cost of expanding, maintaining and upgrading them increases year by year. Note, we don't make any of the refinery components here. They have to be improted. And note....workers want their salaries to rise...Nigeria and elsewhere...

Where would NNPC get the profit to pay for all that with subsidy.?

. Stop smuggling of petroleum products to our neighboring counties.

Oga, all our neighbours sell fuel at N400 or more. Here it is N175. Tell me, if you lived on the border , won't you be carrying 50l jerrycans of Nigerian fuel to sell across the border, and come back with enough profit to bribe your Customs men and women.

If you try, you won't stop it. Only way you can stop it is by REMOVING SUBSIDES....so that petrol won;t be cheap to smuggle, and government too would be incentivised to keep smuggling from happening.

If you cannot do the above, RESIGN!

Am I APC?

Why hasn't someone from the FG denied this scarcity?

They have to deny it first, then rail against hoarding, then promise that there is enough quantity/ trucks for 12months ahead.

Then watch themselves on TV going around for enforcement and monitoring.

Then apologise and tell Nigerians that it would be over soon.


Owners of the vehicles with knocked engines from the poor quality PMS imported months ago are still awaiting the promised compensation... although they have all celebrated their birthdays again, since the promise.

Kasssandra:
]

Your salaries, wages, projects, etc....and most especially subsidy.

We borrow because we rely on oil and the price of oil is never where we want it to be.

Like now, we need oil to be always at $120 at least (fiscal breakeven)...and since 2014 till december last year it has been below 90 dollars, and attimes as low as 20-30 dollars, especially during covid. How do we make up the losses ...we borrow.

Corruption is there.....I am not denying it.




The day you know that Nigeria needs far more money than we ever make.

Also, we don't tax much of our GDP....that's why we don't see much of the benefits.

Finally, if we did, we still, at best rely on oil...which is why government always has a baseline oil price when passing budget.
.

Holland also has

1.a good industrial sector...which exports.(oil is our major export)

2.A good agro sector...which is industrial in nature...not the subsitence farming we do here, or cow herding we do here...and exports massively.(our agro sector does not export much in comparison.).

3.A high tax to gdp ratio of 29% . (Nigeria=8.1% )

That's why they are rich.

it seems u dont decipher my points here. what happened to the money they realised from agriculture, telecom ICT, customs and firs if we can learn how to manage the little we get and provide the necessary infrastructure I think we can survive with relying on oil and gas and eventually we have been surviving without oil and gas proceeds.. so the issue is not fuel subsidy or no subsidy now let the government manage the money from this sectors Nd the one they borrowed and provide a last longing infrastructure for us and they should work on our forex so that our economy will be sound.. I expect to be talking about fixing power and promoting renewable energy in order to boost the power economy which we encourage many companies to be established on our land and you didn't talk about security which is one of the factors discouraging investors to invest here two things is very important power and security.. go and read the history of Nigeria very well our economy was running on agricultural product and they performed very well because there is no too much loopholes for internal corruption.. telecom and ICT can run the economy of more than 10 states in Nigeria do you know much government realised from telecommunications if actually they accounted to the government convers or accounts.. we have thousands of telecom /Oct companies including radios TV stations they buy lincence Nd renew their licenses and Lso pay tax to the government infact that one is enough if we annex it with our agricultural sectors so run our economy efficiently.. my brother oil and gas company was created to loot Nigeria treasury

HarlequinLekex:
Tinubu will become the presido whether you like it or not

Apc are known for violent so am not surprised the way you put the statement, everything about apc is by force.
When criminals are in government this is the kind of speech you will be seeing.

alimiadedayo1:

it seems u dont decipher my points here. what happened to the money they realised from agriculture, telecom ICT, customs and firs if we can learn how to manage the little we get and provide the necessary infrastructure I think we can survive with relying on oil and gas and eventually we have been surviving without oil and gas proceeds.. so the issue is not fuel subsidy or no subsidy now let the government manage the money from this sectors Nd the one they borrowed and provide a last longing infrastructure for us and they should work on our forex so that our economy will be sound.. I expect to be talking about fixing power and promoting renewable energy in order to boost the power economy which we encourage many companies to be established on our land and you didn't talk about security which is one of the factors discouraging investors to invest here two things is very important power and security.. go and read the history of Nigeria very well our economy was running on agricultural product and they performed very well because there is no too much loopholes for internal corruption.. telecom and ICT can run the economy of more than 10 states in Nigeria do you know much government realised from telecommunications if actually they accounted to the government convers or accounts.. we have thousands of telecom /Oct companies including radios TV stations they buy lincence Nd renew their licenses and Lso pay tax to the government infact that one is enough if we annex it with our agricultural sectors so run our economy efficiently.. my brother oil and gas company was created to loot Nigeria treasury

whether they remove fuel subsidy or not it will not benefit the masses... fuel subsidy removal or no removal is a scam