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

I ahve deciphered your facts, and I know that looting happens.

But I am here to tell you that

1.Nigeria is not earning enough money. At best we earn 68-80 bn dollars a year...we should be earning at least 100bn

2.We spend a large chunk of what we earn on subsides....which eat our budget due to their rising costs.

3.Note, corruption makes this bad situation worse.

4.But even without corurption, we are not earning enough money. And that is why government is a failure. It is not doing anything to make us earn more money.

5.sUBSIDY IS WHY WE are not earning enough money...it eats into our budget...and creates a deficit...meaning more loans....

I hope you get. If not, sorry. Good afternoo,.

alimiadedayo1:

it

Don't quote me again please. I have explained enough for you. Thanks.

Kasssandra:

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.

^^
There is a contradiction up there.

Can you say for sure that it is (or is not) possible to fractionally distillate in such a way as to refine diesel independently of other petroleum products? That is the question I expected you to ask or raise. I am also searching for answers too and I genuinely want to know.

Kasssandra:

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

^^^
I detect a note of exasperation...

A pity really, because I genuinely want to know the truth. You debate in a civil manner and I appreciate that.

I never said I wanted 'cheap fuel'. You throw this accusation around quite a lot. Besides, how much is cheap? :-

Nigerians are longsuffering people. They have asked some relevant questions - such as why this government (and others before it) chose to subsidize importation instead of building new refineries - the money spent on subsidy and fuel importation could have built several brand new refineries. Nobody has ever answered that question properly.

When a (half-hearted) response is given, it is usually something along the lines of 'Nigerian government cannot manage refineries well and the facts prove this'. Or...there's no money to build new refineries.

There's no need to prolong this. Let the decision makers remove the subsidy on imported fuel and let us see how it plays out.

Kasssandra:



I ahve deciphered your facts, and I know that looting happens.

But I am here to tell you that

1.Nigeria is not earning enough money. At best we earn 68-80 bn dollars a year...we should be earning at least 100bn

2.We spend a large chunk of what we earn on subsides....which eat our budget due to their rising costs.

3.Note, corruption makes this bad situation worse.

4.But even without corurption, we are not earning enough money. And that is why government is a failure. It is not doing anything to make us earn more money.

5.sUBSIDY IS WHY WE are not earning enough money...it eats into our budget...and creates a deficit...meaning more loans....

I hope you get. If not, sorry. Good afternoo,.

dont quote me again too.. your data and figures are not realistic and it seems you are doing copy and paste bye bye

Kasssandra:



I ahve deciphered your facts, and I know that looting happens.

But I am here to tell you that

1.Nigeria is not earning enough money. At best we earn 68-80 bn dollars a year...we should be earning at least 100bn

2.We spend a large chunk of what we earn on subsides....which eat our budget due to their rising costs.

3.Note, corruption makes this bad situation worse.

4.But even without corurption, we are not earning enough money. And that is why government is a failure. It is not doing anything to make us earn more money.

5.sUBSIDY IS WHY WE are not earning enough money...it eats into our budget...and creates a deficit...meaning more loans....

I hope you get. If not, sorry. Good afternoo,.

and lastly you dont know it is the masses who will beat the burden of removal fuel subsidy..

alimiadedayo1:

and lastly you dont know it is the masses who will beat the burden of removal fuel subsidy..

Which is why you should run for office.

I am not in government , friend.

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

You are right 100%. Situation appears hopeless. Nigerians who can afford it are desperately selling up to move abroad.

My personal friends and affiliates who have used post-grad study visas to get themselves and their dependents to the UK, this year alone, are many.

It would have been wonderful if we can change government easily as is the case with the UK. May 2023 is too far to see the back of this current government.

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

will that make price of garri to be N100 for derica cup? You just dey talk like say once Tinubu enter things go just xhwngw overnight. Baba if na sleep make you wake up oo

Fujiyama:


^^
There is a contradiction up there.

Can you say for sure that it is (or is not) possible to fractionally distillate in such a way as to refine diesel independently of other petroleum products? That is the question I expected you to ask or raise. I am also searching for answers too and I genuinely want to know.



^^^
I detect a note of exasperation...

A pity really, because I genuinely want to know the truth. You debate in a civil manner and I appreciate that.

I never said I wanted 'cheap fuel'. You throw this accusation around quite a lot. Besides, how much is cheap? :-

Nigerians are longsuffering people. They have asked some relevant questions - such as why this government (and others before it) chose to subsidize importation instead of building new refineries - the money spent on subsidy and fuel importation could have built several brand new refineries. Nobody has ever answered that question properly.

When a (half-hearted) response is given, it is usually something along the lines of 'Nigerian government cannot manage refineries well and the facts prove this'. Or...there's no money to build new refineries.

There's no need to prolong this. Let the decision makers remove the subsidy on imported fuel and let us see how it plays out.

1.Actually you want cheap fuel. I am not making fun of you...you want cheap fuel . The second part of your comment about 'how the Nigerian people would suffer' betrays you a lot.

2.And by the way, you are acting as if what I say here will somehow magically incite Buhari to remove subsidy in 48 hours. It won't It is my view, and I stand by it.Stop behaving as if I am Nigeria's invisible head of state.

3.I am irritated well well, because you guys want cheap fuel, without thinking of the costs of the cheap fuel. Fuel costs money to make, and if we want continous supply, we have to pay the cost. Yet, all of you want to call me oppressor, and suchlike (not that you have done so, but then indirectly implying i want the poor masses to suffer...).

Again, you want cheap fuel. It is not a disgrace to want cheap fuel. People the world over want things at cheaper prices, me included. In my heart of hearts, I sometimes wish we had that. But then, countries which have cheap fuel have degraded refineries, balloning deficits, and debts.

And Nigeria is paying for decades of cheap fuel with deficit, debts, bad refinereis, as well as missing out on investment, jobs, etc...because fuel must be cheap. Because 'we are poor'/.

But fuel cannot be cheap...

Because it costs money, and people like to be paid.

Good afternoon, comrade.

Kasssandra:


The rumor is that government is having difficulty paying bridging costs..ie the amount government pays to balance the money the transporters of fuel spend transporting fuel from one point to the other....because of rising cost of diesel as a result of the higher price of crude oil.(The floods added another level of wahala).

Birdigng cost is an important component of subsidy, as without it, fuel would be more expensive in say Ibadan, than Lagos, and in Kano than even Ibadan and Enugu...due to transport costs

Here in the FCT, fuel has been scarce for nearly one month.

But bridging costs are only paid for the transportation of petroleum products to other parts of the country so why the scarcity in Lagos?

carboblanko:
But bridging costs are only paid for the transportation of petroleum products to other parts of the country so why the scarcity in Lagos?

Transporters in Lagos, also have to transport to other parts of the nation....

So, if you are a transporter, and you are losing money transporting fuel to Kano, or Enugu, it does not matter if you are making money transporting to Lagos...the losses from elsewhere will eat your Lagos profit.

Suffering and smiling is the order of the day for this godforsaken country

What course it

Kasssandra:


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?




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.?






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.



Am I APC?

1. All our neighbors that sell fuel for N400 don't have the crude that we have.
2. If I'm refining my fuel, I can afford to sell at cheaper rate because I'm not buying crude in dollars and I don't to pay transport to bring it down.
3. The real smugglers don't smuggle in 50L kegs but 45,000L fuel tanks.
4. If those who are supposed to police the borders cannot do their job, fire them or resign!

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

I am just looking for ways to get our of this mess. Even If I can't afford visa i dont mind other routes.

When you hear something like this just know that FG is trying to increase fuel pump price.

1. All our neighbors that sell fuel for N400 don't have the crude that we have.

Niger, Chad, Benin, and even Cameroon have crude...Cameroon used to be an OPEC member in the distant past.

2. If I'm refining my fuel, I can afford to sell at cheaper rate because I'm not buying crude in dollars and I don't to pay transport to bring it down.

You are buying it in naira, and at the equivalent of the international price. (remember mr crude seller is competing against people who sell crude internantionally. If you are selling to nigerians at 50 dollars a barrel, while your neighbour is selling to internaitonal consumer at 100 dollars a barrel...guess what, your neighbour makes more money.

Even in the US, crude for domestic consumption is slightly cheaper than internantional price.

3. The real smugglers don't smuggle in 50L kegs but 45,000L fuel tanks.

There are a lot of 50l smugglers (I argued with one once online. He proudly boasted about doing it, I called him out, he started kasa, kasaaing).

Yes, smuggling is going to happen...because price difference. (Note, I am not denying that big people smuggle...as you imply).

4. If those who are supposed to police the borders cannot do their job, fire them or resign!

[/quote]

Make their job easier for them by removing subsidy.

(You may want to fire the Venezuealan and Iranian government for the same reasons... )

Kasssandra:


Good, but charging points are not easily available...plus we are not generating enough electricity to even sustain large numbers of electric cars.

(UK is promoting electiric cars...and at the same time building a large nuclear powered electric plant that would generate more power ).

which means nothing is working fine in Nigeria. God help us but we must also help ourselves

ericmor:


which means nothing is working fine in Nigeria. God help us but we must also help ourselves

Well, if we let the power sector work at a profit, by letting it set its prices, generation might improve. The power sector is bad because for decades, government sets its prices, and a large segment of the populaiton do not pay for the power they use...and yes corruption is there too.

We can also focus more on solar and other alternative energies...both with investment from govenrment and private sector.

Kasssandra:


Transporters in Lagos, also have to transport to other parts of the nation.... wrong! they don't HAVE to!

So, if you are a transporter, and you are losing money transporting fuel to Kano, or Enugu, it does not matter if you are making money transporting to Lagos...the losses from elsewhere will eat your Lagos profit.

I have been reading your posts...some of the points have some merit, while others like this one with the bolded, has obvious holes in it, but you keep egging on, providing responses from a perceived point of superior knowledge. This guy asked a very simple question, but your answer was so off the mark..if you hadn't responded you would have really saved face.

Like he said, Lagos shouldn't have scarcity due to the bridging cost explanation you gave. All the transporters need to do is focus on Lagos alone, till that is sorted out. It played out in the last scarcity which first started off with the bad fuel brouhaha that happened. Ibadan scarcity still lingered for about a month after Lagos scarcity had eased off due to the bridging cost conveying the product to Ibadan and other places outside Lagos. The solution was FG directed them to sell at 180 so the diff of 10-15 naira would sort that out. At that time, and for a long time after that fuel was cheaper in Lagos than Ibadan with about 10 naira at least. Dunno about now, haven't bought fuel in Lagos in any of my recent trips there.

Treadway:
I have been reading your posts.some of the points have some merit, while others like this one has obvious holes in it, but you keep egging on, providing responses from a perceived point of superior knowledge. This guy asked a very simple question, but your answer was so off the mark..if you hadn't responded you would have really saved face.

Like he said, Lagos shouldn't have scarcity due to the bridging cost explanation you gave. All the transporters need to do is focus on Lagos alone, till that is sorted out. It played out in the last scarcity which first started off with the bad fuel brouhaha that happened. Ibadan scarcity still lingered for about a month after Lagos scarcity had eased off due to the bridging cost conveying the product to Ibadan and other places outside Lagos

So, the transporters should focus on Lagos, and leave the rest of the country alone.....

Thanks, that means that Nigeria except for Lagos, gets zero fuel...including black marketers....

I'm not sure you would want to be the guy.....

At the end, if you were a businessman, you won't operate at a loss. That is why subsidy has to go. There is no such thing as cheap fuel...it costs money to make, transport, and sell...and people like to be paid.

Kasssandra:


So, the transporters should focus on Lagos, and leave the rest of the country alone.....

Thanks, that means that Nigeria except for Lagos, gets zero fuel...including black marketers....

I'm not sure you would want to be the guy.....

At the end, if you were a businessman, you won't operate at a loss. That is why subsidy has to go. There is no such thing as cheap fuel...it costs money to make, transport, and sell...and people like to be paid.

still egging on. Fact remains, the bridging cost explanation does not satisfy that guy's question, at all. Lagos can still have fuel, till measures are put in place for other locations. This isn't even hypothetical, this still happened just a few months ago like I have explained.

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

What else are you hearing about this planned Coup sir ...

Penguin2:


Yea! That of Abuja is quite understandable because it’s because of Kogi flooding.

But wetin come dey cause Lagos own now?

How is that of Abuja understandable? We have depot in almost every northern state. The fuel can be pumped up north and moved by truck to Abuja.

I was lucky, yesterday got to island early as 530am...omorrr na full tank I buy. Queue was building up.
Which way 9ja

TheAdvocate:


How is that of Abuja understandable? We have depot in almost every northern state. The fuel can be pumped up north and moved by truck to Abuja.

ehn, dem say due to the floods, those trucks you mentioned are finding it difficult to move the product to Abuja.

Wife : get in here...(...the room)
Husband: sorry, I can't
Wife: why
Husband: it's the flood.....
Wife: for how long...no canoe?

Kasssandra:


We know what to do to solve the fuel crisis...simply remove fuel subsidy, and let the marekters and transporters determine the price.

Nothing to do with religon, tribalism, and so forth. Remove subsidy, and the marketers, transporters, et al would be able to afford the cost of transporting fuel and selling it. Plus the concept of domestic refining would become profitable.

But most Nigerians don't want subsidy gone...and that includes the rich, poor, slaves, free, Muslim and Christian and idol worshipper, ecist, buddhist, atheist etc...because MOST of us think that cheap fuel is 'beneficial'

Meanwhile, the cost of cheap fuel is a rising deficit in our budget. Made worse by rising costs of production due to rising refining costs....due to rising cost of crude oil, and a continous rise in refining costs...because it does cost money to refine fuel.

If we removed subsidy...like Ghana, Niger, etc...we won't have scarcity again.


Before anyone quotes me...yes I know people will suffer if subsoidy goes. But with subsidy in place...we have a rising deficit....in our budget....and that forces us to take loans. And we cannot eat our cake and have it. I know. And I know things would eventuallybe better if subsidy goes.

That's all I am saying.

Modified

Simply put, if you want free flow of goods and services, everyone on the chain has to make a profit for it to happen. If you don't get that, then I can't explain it any better re subsidy.

Modified

WARNING:

You are free to disagree with me

But if you
-Threaten me
-Threaten to dox me
-Abuse me
-Call me names

Because of my views, then I will report you to the moderators. Clear.?

Why is subsidy working in other oil producing countries except Nigeria why are countries like Angola, Algeria and UAE not fighting to remove subsidy? Why can't our refineries be renovated and made to cater to our domestic demand? Why do we have to import refined fuel?

obi58:


Why is subsidy working in other oil producing countries except Nigeria why are countries like Angola, Algeria and UAE not fighting to remove subsidy? Why can't our refineries be renovated and made to cater to our domestic demand? Why do we have to import refined fuel?

1.UAE produces 3.4 m bpd of crude, and has 15 million people. Nigeria produces 1.9m bpd, 2.4 m on a good day, and we have 210 million people.

In brief, UAE has more revenue to spend on subsides because they have just 15 million people.

Angola and Algeria too for the same reasons.samller population, bigger production than Nigeria...ALGERIA even produces far more than UAE AND Nigeria.

2.We can renovate our refineries....but keeping them running needs a profit....and that is where removing subsidy comes in.

Because we have kept subsides in place, the refineries don't and have not made a profit for nearly over 3 decades. Naturally, they would collapse.

Now Venezuela, subsidises fuel to N40 per liter...and not only do they have debt, but their largest refinery is now operating at one ninth their capacity.

Iran too has subsides....and they have working refineries, and their debt makes ours look like chicken feed.

Add corruption....

https://www.facebook.com/100063832638307/posts/pfbid02azcAiBzgUbUrjFa2pcoPsM9BsgdiErcZr8zSrLENnjs8rZux3G45qiUQiUXATCF5l/?app=fbl
We celebrate with you ma.
#ThereIsGodOhhh #65yrs

Treadway:
still egging on. Fact remains, the bridging cost explanation does not satisfy that guy's question, at all. Lagos can still have fuel, till measures are put in place for other locations. This isn't even hypothetical, this still happened just a few months ago like I have explained.

It can, but the thing is, transporters don't supply ONLY lagos...that is what you guys miss...plus YOU wanted transporters to stop supplying the rest of Nigerian, and do only Lagos.

That is not how things work. Most transporters don't supply only Lagos...they supply other parts of the nation.