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Nairaland Forum / Nairaland / General / Politics / Youths Plan Nationwide Protest Over Rising Fuel Prices, Scarcity (20305 Views)
BON: TV, Radio Stations To Shut Down Over Skyrocketing Fuel Prices / DefendLagos: Youths Plan Counter-Protest At Lekki Tollgate / PDP, Others Plan Nationwide Protest Against IGP Jan 15 (2) (3) (4)
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Re: Youths Plan Nationwide Protest Over Rising Fuel Prices, Scarcity by toprealman: 7:45pm On Nov 12, 2022 |
PeterObi4LP:Stop making Peter Obi look like a fool. Where in this world are they exchanging dollar for 211? |
Re: Youths Plan Nationwide Protest Over Rising Fuel Prices, Scarcity by Ashez: 7:49pm On Nov 12, 2022 |
PlayMaker14: |
Re: Youths Plan Nationwide Protest Over Rising Fuel Prices, Scarcity by damisolnal: 7:49pm On Nov 12, 2022 |
Everywhere Rugged ooo !! |
Re: Youths Plan Nationwide Protest Over Rising Fuel Prices, Scarcity by fredoooooo: 7:53pm On Nov 12, 2022 |
Good .. make sure you do it in yiur states not in Lagos or go to Abuja the nations capital ... Thank you |
Re: Youths Plan Nationwide Protest Over Rising Fuel Prices, Scarcity by do4luv14(m): 8:01pm On Nov 12, 2022 |
grandstar: What a beautiful nonsense you just wrote |
Re: Youths Plan Nationwide Protest Over Rising Fuel Prices, Scarcity by annisy(f): 8:01pm On Nov 12, 2022 |
Werey every where who is the minister of petroleum? Why are you clowns not calling for the sack of the minister of petroleum abi una dey fear Sai baba�����!! |
Re: Youths Plan Nationwide Protest Over Rising Fuel Prices, Scarcity by TinubuDeDrugLor: 8:01pm On Nov 12, 2022 |
lhordspy: This maggot again? Vagabond, when did the innocent Igbo's start answering Bandits name? Useless urchin. Good for nothing urchin 2 Likes |
Re: Youths Plan Nationwide Protest Over Rising Fuel Prices, Scarcity by openmine(m): 8:05pm On Nov 12, 2022 |
Who is the substantive minister of petroleum resources? Let them start from there! |
Re: Youths Plan Nationwide Protest Over Rising Fuel Prices, Scarcity by TinubuDeDrugLor: 8:05pm On Nov 12, 2022 |
Nazgul: Example of an irresponsible youths are Omenka, Ihordspy,TonyeBanditstar,etc All of them are good for nothing other Nairaland miscreants. 1 Like |
Re: Youths Plan Nationwide Protest Over Rising Fuel Prices, Scarcity by AFRICANJAMAICA: 8:12pm On Nov 12, 2022 |
lhordspy: Even basic salary peanut earners that dont have a kiosk in lagos are making noise... Is a faceless forum. 1 Like |
Re: Youths Plan Nationwide Protest Over Rising Fuel Prices, Scarcity by riverbird: 8:15pm On Nov 12, 2022 |
There was a clip I watched where tinubu was campaigning for buhari and he said so many things including paying unemployed youths every month and making a dollar equals a naira, that video will be very important to other parties in this campaign season if they know how to make use of it. |
Re: Youths Plan Nationwide Protest Over Rising Fuel Prices, Scarcity by Nobody: 8:16pm On Nov 12, 2022 |
Here is the thing...if the youth are ready to protest for cheaper fuel prices, then they should have no complaints when government too decides to set the prices of whatever goods and servicies they offer in their businesses...so that the poor can be helped. The reason why we have bad refineries, and all the mess that goes with it is because people in Nigeria do not want to accept reality. They want fuel that actually costs N500 to cost less than N100. That is not possible. Anyway, all i know is , countries that control or set prices for their business people all have one thing in common...large deficits, and large loans. In 2012, Nigerians protested against fuel subsidy. If they had all gone home and for once accepted that even a broken clock is right two times of the day...and this was one of the times it was right, we would have had working refineries, and a reduced budget deficit, and maybe the naira would have been around N400 to the dollar on the black market...if not less. Well, this protest is just as wrong as the protest that happened 10 years ago. Again, no such thing as cheap fuel. No such thing as cheap fuel. Subisdy has to go. P.S Will not be responding to mentions. If you cannot get my points, sorry. |
Re: Youths Plan Nationwide Protest Over Rising Fuel Prices, Scarcity by YorubaMentality: 8:21pm On Nov 12, 2022 |
Point of correction "Yoruba Youths are planning to embark on a fruitless protest which will never yield any result. Please, count Hausa and Ibo out of Yoruba madness, we will never join them in their useless protests. The same Yoruba that want to impose Tinubu on us, so that he will continue from where Buhari stopped. Affliction shall never rise the second time. Never ever 2 Likes 1 Share |
Re: Youths Plan Nationwide Protest Over Rising Fuel Prices, Scarcity by AfonjaConehead: 8:31pm On Nov 12, 2022 |
lhordspy:
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Re: Youths Plan Nationwide Protest Over Rising Fuel Prices, Scarcity by arantess: 8:33pm On Nov 12, 2022 |
lhordspy:Look at this son of terrorist herdsman from fouta jalon. Na your ear we go use do suya |
Re: Youths Plan Nationwide Protest Over Rising Fuel Prices, Scarcity by obi58: 8:41pm On Nov 12, 2022 |
lhordspy: We already know you are an agbero. So this is not surprising coming from you |
Re: Youths Plan Nationwide Protest Over Rising Fuel Prices, Scarcity by staga: 8:48pm On Nov 12, 2022 |
lhordspy: Idiot! |
Re: Youths Plan Nationwide Protest Over Rising Fuel Prices, Scarcity by CharleyBright(m): 8:48pm On Nov 12, 2022 |
Cihoti5184: Ole . Thief |
Re: Youths Plan Nationwide Protest Over Rising Fuel Prices, Scarcity by lereinter(m): 8:52pm On Nov 12, 2022 |
[center][/center] Yimmu Wait your envelope is cumin |
Re: Youths Plan Nationwide Protest Over Rising Fuel Prices, Scarcity by tunapawizzy: 8:52pm On Nov 12, 2022 |
u people will vote leaders that have no political will to do the right things...when everything scatter, u will now call for sack of NNPC GMD...weytin make NNPC gmd do.....he should go and use his child for rituals to get money to build refineries?...... shey una dun dey follow Tinubu and Atiku again.....u go still call for sack of GMD under those ones too |
Re: Youths Plan Nationwide Protest Over Rising Fuel Prices, Scarcity by Babastrong(m): 8:52pm On Nov 12, 2022 |
[quote author=PlayMaker14 post=118336612]Same yoots that called GEJ unprintable names when the price was N85? Same yoots that made a mockery coffin of GEJ when a dollar was N216 under the administration of GEJ? Same yoots that voted massively for the Kunú guzzling drunkard called Buhari ignoring all warnings? Na now their eyes don open? Give them Ewedu now, and you'll see them misbehaving, and throwing their support for the urinating machine called Tinubu. Una Mumu never do... Am talking about those Yoruba Muslims.... Make una use this same energy to vote Peter Obi.[when it comes to politics, an average igbo will always score 0%. You are repeating the same mistake your fathers committed. You need people's votes and you're polarizing them. Yoruba muslims=hausa muslims=igbo muslims. Al-muslim hawu li-muslim.] |
Re: Youths Plan Nationwide Protest Over Rising Fuel Prices, Scarcity by Emu4life(m): 8:54pm On Nov 12, 2022 |
grandstar:Na so una go dey blow grammar. When Buhari increased pump price from #87 to #147, was it not subsidy he claimed to have removed?? What of from #147-#200 plus? How many times will they remove subsidy? With this antics, even if we are buying fuel for #2300 per litre, they will still claim we are in a subsidy regime. Buhari told us after pump price increase from 87-146 that the subsidy money will be used to fix our refineries so we no longer depend on importation of petroleum product. How many refinery has this Government fixed?? Where is the Money? I once believed in the removal of fuel subsidy but not any longer. Subsidized fuel is one of the few things the ordinary man enjoys in Nigeria. How do you expect Cyber cafe operators, Barbers, Okada riders and others to cope with fuel at #700?? Have we not suffered enough? If the Government wants to fix the refinery let them fix it but they can't keep compounding to the sufferings of the ordinary citizen in the name of recurrent subsidy removal. 1 Like |
Re: Youths Plan Nationwide Protest Over Rising Fuel Prices, Scarcity by Prometheus666: 9:17pm On Nov 12, 2022 |
Nigerians are ungrateful people. Upon all the Subsidy that government is spending to keep the price of petroleum products low, you people are still complaining. Do you know how much fuel is sold in Europe and Americas. You should be grateful. When Tinubu becomes President, he will legalize drug business and print money and we will all enjoy. |
Re: Youths Plan Nationwide Protest Over Rising Fuel Prices, Scarcity by newnigerdelta00: 9:37pm On Nov 12, 2022 |
dre11: Peter obi stop your tricks, end SARS way you and PDP set up fail, now na nationwide protest you go shame |
Re: Youths Plan Nationwide Protest Over Rising Fuel Prices, Scarcity by Tinububalls: 9:44pm On Nov 12, 2022 |
The tribe will till say it's an Igbo protest. They will start and hide. Cowards. 1 Like |
Re: Youths Plan Nationwide Protest Over Rising Fuel Prices, Scarcity by NavasBit: 9:46pm On Nov 12, 2022 |
Na only lunatic go join this kind of protest. This is happening globally. Natural disaster here and there too contribute. Make una dey chill small. |
Re: Youths Plan Nationwide Protest Over Rising Fuel Prices, Scarcity by christistruth01: 9:59pm On Nov 12, 2022 |
As long as they keep it far away from Lagos and SW no problem Nobody is getting any chance to unleash the Endsars Mayhem and Carnage on Lagos again |
Re: Youths Plan Nationwide Protest Over Rising Fuel Prices, Scarcity by christistruth01: 10:03pm On Nov 12, 2022 |
Tinububalls: Keep it in your Region Which is already ablaze anyway If you like Pour more Petrol Onto the Carnage But we must not hear "Pim" in Lagos or SW Please could you kindly build enough IDP Camps for your Region so your lovely People don't have to keep flooding into other Regions The Petrol Shortage is Global |
Re: Youths Plan Nationwide Protest Over Rising Fuel Prices, Scarcity by Ken4Christ: 10:06pm On Nov 12, 2022 |
grandstar: If out refineries were working, the price won't be that high. The question is, why is the FG reluctant to fix our refineries? Any incoming party or president that does not make it a priority will still fail. We should put pressure on the government to answer the question of why our refineries are still down. |
Re: Youths Plan Nationwide Protest Over Rising Fuel Prices, Scarcity by grandstar(m): 10:28pm On Nov 12, 2022 |
Emu4life: Let me make this as simple as possible Let's suppose in 2016 when they increased the price to N147 and said there was no more subsidy, $1= N147. Now that the official exchange rate is 440, for there to be no subsidy, the price will have to be around N440. Therefore, the existence or non existence of a subsidy is dependent on two primary variables which are the exchange rate and the international price of crude oil, petrol, diesel at a specific point in time. Most often, when governments have claimed there are no subsidies, it's when the price of crude oil is very low. For instance, in 2012 when GEJ government deregulated the price of petrol and not just end the petrol subsidy, the price hit N147 per liter. At this time, oil was trading at over $100/barrel. Due to the nationwide protests, the price was reduced to N97. The exchange rate at this time was around $1- N155 However by 2015, the international price of crude oil had dropped to $35/barrel, and exchange rate was around 200. The government dropped the price from N97 to N87. At 87, no subsidy existed. Deep educations about this is vital and not just focus on emotions as most people do. Yes, fuel subsidy does provide benefits but the disadvantages far outweigh the advantages The biggest disadvantage is that it discourages investment in petroleum refining. The price must be fully deregulated and not just the subsidy ended. A subsidised price chases investors away from investing. No foreign bank will lend you $2bn to set up a 100,000 bpd refinery without the price deregulated. Your income is far from guaranteed. Look at what deregulated pricing did for the telecoms sector. In 2001, GSM licences were issued to MTN, Econet and MTEL. They were free to set their prices. Mtn and Econet both privately owned set their prices at 50/minute. MTEL which is governed chose to bill at the populist price of N22 per minute. Mtn and Econet invested massively while MTEL soon vanished from the scene. Globacom came in 2003 and introduced per second billing while Etisalat now 9jamobile came in last The economy has been transformed due to the huge investments made by these playwrs. From only 400,000 phone lines in 2001,there are now over 100m. Now, just think what would have happened if the price of petroleum products were deregulated. I'm sure by now Nigeria would be refining nothing less than 1.5m barrel per day. . I won't be surprised if it hits 2m bpd Dangote refinery alone will employ 8,000 engineers. We have not included other high skilled graduates from other fields. Refining 2m bpd would mean about 32,000 engimeering jobs would be created. We are yet to discuss the multiplier effects. I'm sure Adenuga, Otedola, Ondo and many others would have built refineries . Nigeria would have become the refining hub of Africa,if not the energy hub Investments would have also flowed into fertiliser and petrochemicals. 2 Likes |
Re: Youths Plan Nationwide Protest Over Rising Fuel Prices, Scarcity by grandstar(m): 10:38pm On Nov 12, 2022 |
Ken4Christ: The benefits of local sourcing is so small It might only reduce the price minimally, perhaps no more than 10%, that it's not worth The only real saving is in transport cost which isn't much There would even be periods when importing would be cheaper but local producers would discourage its importation. Let's say Dangote buys crude oil at $100 per barrel to refine it. By the time he refines it, the price of crude oil has dropped to $35 per barrel, do you think he will sell at a loss? Meanwhile refineriez overseas, they would be compelled to sell at a loss. A protected market means that Dangote will keep the price high until he disposes his stock. |
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