I'm not sure if those people that making Nigerians suffer in this way will ever die well. We have been experiencing fuel scarcity for two weeks now no press release from either president or minister of petroleum.

We don't even know the causes and nobody ready to question them.

Why this our generation are so dull ?

Queuing in filling station seems not tired some of you right.

Cause of fuel scarcirty is simple

Goverment is making the market sell fuel at an artificially low price which is no longer sustainable Because the cost of producing that fuel has risen

The only way out is complete deregulation of the downstream by allowing the market to set the price of fuel..which would enable the market sell fuel at a profit meaning free flow of the stuff

That is what they have been telling us for nearly three decades

Before you blast me, would you support goverment setting your sale prices of things you sell at a low price to help the poor?

johnmartus:
I'm not sure if those people that making Nigerians suffer in this way will ever die well. We have been experiencing fuel scarcity for two weeks now no press release from either president or minister of petroleum.

We don't even know the causes and nobody ready to question them.

Why this our generation are so dull ?

Everyone fighting his battle

Which battle ?

slivertongue:



Everyone fighting his battle

johnmartus:
Which battle ?

Minding their live

Waiting for last message so they can get wasted together.

slivertongue:



Minding their live

I think government have right to regulate the price of some items particularly fuel

Kobonaire234:
Cause of fuel scarcirty is simple

Goverment is making the market sell fuel at an artificially low price which is no longer sustainable Because the cost of producing that fuel has risen

The only way out is complete deregulation of the downstream by allowing the market to set the price of fuel..which would enable the market sell fuel at a profit meaning free flow of the stuff

That is what they have been telling us for nearly three decades

Before you blast me, would you support goverment setting your sale prices of things you sell at a low price to help the poor?

E go reach everybody

Good morning o.

johnmartus:
I'm not sure if those people that making Nigerians suffer in this way will ever die well. We have been experiencing fuel scarcity for two weeks now no press release from either president or minister of petroleum.

We don't even know the causes and nobody ready to question them.

Why this our generation are so dull ?

Next time shout jagaban or sai Baba when your fuel tank finish then watch the miracle

Why are you complaining?
I thought apc and tinubu supporters are being given preferential treatment in this country?
Mumu use Tinubu as DP sef

mrvitalis:

Next time shout jagaban or sai Baba when your fuel tank finish then watch the miracle

Everyone minding his interest. They should speak to APC or fight it to do what is right. For me, my action is at the polling booth. Kicking APC out is a national duty

johnmartus:
I'm not sure if those people that making Nigerians suffer in this way will ever die well. We have been experiencing fuel scarcity for two weeks now no press release from either president or minister of petroleum.

We don't even know the causes and nobody ready to question them.

Why this our generation are so dull ?

There's no scarcity .

The marketers are simply creating a price adjusting mechanism as their lifting cost from NNPC depots has skyrocketed and the agreement is to recoop their money via an artificial hoarding.

The NNPC is behind this.

No way the subsidies can continue with high prices in Europe and a crashed naira so the NNPC has an agreement with marketers to lift at a higher price and sell at a profit without going public on new pricing .

The scenario will remain until a few days buhari leaves office and officially removed subsidy with pricing rising to between 400 to 600 a litre.

Its that bad.

Hypocrites,during GEJ,protest up and down with insults.
Now nobody is saying anything,everyone is silent,hope there is Apc filling station in all parts of Nigeria.

Hmmm

KwaraRat:


There's no scarcity .

The marketers are simply creating a price adjusting mechanism as their lifting cost from NNPC depots has skyrocketed and the agreement is to recoop their money via an artificial hoarding.

The NNPC is behind this.

No way the subsidies can continue with high prices in Europe and a crashed naira so the NNPC has an agreement with marketers to lift at a higher price and sell at a profit without going public on new pricing .

The scenario will remain until a few days buhari leaves office and officially removed subsidy with pricing rising to between 400 to 600 a litre.

Its that bad.

Nemesis0147:
Why are you complaining?
I thought apc and tinubu supporters are being given preferential treatment in this country?
Mumu use Tinubu as DP sef

You know, we joke a lot in this country, but beyond jokes there are always elements of truth beneath them.

We always think it's a joke when comedians always says that few people are normal in this country not knowing its a fact.

I supported Buhari in his first tenure when I realized that dude have nothing to offer I back down.

Nemesis0147:
Why are you complaining?
I thought apc and tinubu supporters are being given preferential treatment in this country?
Mumu use Tinubu as DP sef

johnmartus:
I think government have right to regulate the price of some items particularly fuel

If you think that, then you run into the problem that profit has to be made to ensure smooth supplies of goods and servicies..because people want to be paid...because it costs money to make and improve things.

That includes things like petrol and electirc power...which the government has been controlling and regulating prices for years. As a result of said regulation, the system is broken down, because the profit it needs to work well is not being made.

I hate saying this, but the reason why we have a working GSM sector and why I can type this from anywhere, instead of back in 2003 when I had to run to the nearest internet cafe for sometimes very slow internet connection...is because Obasanjo did not make the GSM companies charge something like one kobo per minute for a local phone call...just to help the poor.

You keep controlling prices, you will have scarcity after scarcity. Either way, we will pay the market prices for petrol...either at the pump, or by taking loans and debts to cover the deficit in the budget left behind by subsidy.

A subsidy in which this year we have spent twice as much as all of last year by September this year.

Chiefwhip001:
Hypocrites,during GEJ,protest up and down with insults.
Now nobody is saying anything,everyone is silent,hope there is Apc filling station in all parts of Nigeria.

Well, during GEJ's time, oil was at an all time high of 100 dollars per barrel...plus our debt burden then was not as high as it is now, thanks to the great payoff of 2006. So, many people wrongly in my opinion felt that there was enough money for subsidies.

When Buhari came in, oil prices had been falling for over 11 months, and were still falling. And have remained low for ever. So, Buhari has removed subsides partially...because he knows he can not sustain the N87 he met fuel at.

But even then, the main koko is complete removal of subsidy, at which prices would be between N400-600 per liter. Buhari contemplated that earler this year, and then refused after he got intelligence reports that the resulting revolt would have been massive.

Long and short....the fact is, Nigerians don't want subsidy gone. Governments have kept the subsidy, but at a great cost to our economy.

Buhari keeping subsidy now has caused great damage and loss to our economy. In terms of deficits, and losses. The ironic thing is that if he had supported GEJ removing subsidy in 2012, by now we would be reaping the benefits.

johnmartus:
I'm not sure if those people that making Nigerians suffer in this way will ever die well. We have been experiencing fuel scarcity for two weeks now no press release from either president or minister of petroleum.

We don't even know the causes and nobody ready to question them.

Why this our generation are so dull ?

This government has failed because APC is a party of despondents, anarchists, dissidents, vagabonds, fugitives, idiots, fools, ritualist and shallow minded saddists.

APC is a party of Failures and never be allowed to continue.


If you vote APC, they will starve you to death. If you vote APC their kidnappers will kidnap you. If you vote APC, they will take your money and make you poor. If you vote APC, they will burn down your shops.

APC is evil and Evil is APC.


APC have nothing good for you as a Nigerian, know this and know peace.

Kobonaire234:


Well, during GEJ's time, oil was at an all time high of 100 dollars per barrel...plus our debt burden then was not as high as it is now, thanks to the great payoff of 2006. So, many people wrongly in my opinion felt that there was enough money for subsidies.

When Buhari came in, oil prices had been falling for over 11 months, and were still falling. And have remained low for ever. So, Buhari has removed subsides partially...because he knows he can not sustain the N87 he met fuel at.

But even then, the main koko is complete removal of subsidy, at which prices would be between N400-600 per liter. Buhari contemplated that earler this year, and then refused after he got intelligence reports that the resulting revolt would have been massive.

Long and short....the fact is, Nigerians don't want subsidy gone. Governments have kept the subsidy, but at a great cost to our economy.

Buhari keeping subsidy now has caused great damage and loss to our economy. In terms of deficits, and losses. The ironic thing is that if he had supported GEJ removing subsidy in 2012, by now we would be reaping the benefits.

Oil prices has been btw 80 to 100 dollars since January yet nigeria did not benefit from it

nedu666:


Oil prices has been btw 80 to 100 dollars since January yet nigeria did not benefit from it

Because...and I am not defending Buhari here, especially since his mantra was diversification..obvious it has not worked.

1.Between April 2014, and Dec 2021, oil prices were lower than we need them...that meant we had to take loans...debt ...which must be paid back.

2.We are and have been and still are subsiding fuel. With the rise in oil prices came a rise in fuel prices...which meant costs of subsidy went up....more money gone.(That is also a part of why we have not been able to save under GEJ.

Hence, zero benefit.


3.Even then, assuming oil was at 100 dollars per barrel...we would have been earning somewhere between 70-100bn dollars per annum. In my opinion, we need 300 bn dollars per annum or more before we can talk about being a rich nation..for a nation of our size.

That is why no one should vote APC again. Eight years to diversify...nothing much done.

Kobonaire234:


Well, during GEJ's time, oil was at an all time high of 100 dollars per barrel...plus our debt burden then was not as high as it is now, thanks to the great payoff of 2006. So, many people wrongly in my opinion felt that there was enough money for subsidies.

When Buhari came in, oil prices had been falling for over 11 months, and were still falling. And have remained low for ever. So, Buhari has removed subsides partially...because he knows he can not sustain the N87 he met fuel at.

But even then, the main koko is complete removal of subsidy, at which prices would be between N400-600 per liter. Buhari contemplated that earler this year, and then refused after he got intelligence reports that the resulting revolt would have been massive.

Long and short....the fact is, Nigerians don't want subsidy gone. Governments have kept the subsidy, but at a great cost to our economy.

Buhari keeping subsidy now has caused great damage and loss to our economy. In terms of deficits, and losses. The ironic thing is that if he had supported GEJ removing subsidy in 2012, by now we would be reaping the benefits.

Same buhari who said that he does not know what is subsidy,same buhari who said that fuel subsidy is a scam.
By the way oil prices were high at in buhari regime.

Chiefwhip001:
Same buhari who said that he does not know what is subsidy,same buhari who said that fuel subsidy is a scam.
By the way oil prices were high at in buhari regime.

1.The fact that he said that shows he does not know what a subsidy is.

2.Oil prices have been falling, and fell from 2014 to last year. They were at 75 dollars as at 2015, 40 dollars as at 2016, between 60-70 dollars as at 2017-19, and as low as 24 dollars in 2020. It is only since December 2021 that they jumped up to 90 then 100 dollars and higher.

(That is why we must diversify.)

johnmartus:
I'm not sure if those people that making Nigerians suffer in this way will ever die well. We have been experiencing fuel scarcity for two weeks now no press release from either president or minister of petroleum.

We don't even know the causes and nobody ready to question them.

Why this our generation are so dull ?

...but u were supporting APC frm.the onset, u are wicked .

Kobonaire234:


1.The fact that he said that shows he does not know what a subsidy is.

2.Oil prices have been falling, and fell from 2014 to last year. They were at 75 dollars as at 2015, 40 dollars as at 2016, between 60-70 dollars as at 2017-19, and as low as 24 dollars in 2020. It is only since December 2021 that they jumped up to 90 then 100 dollars and higher.

(That is why we must diversify.)

Oil was never at 24 dollars in 2020,the lowest was in March sir to covid 19,and it sold for 32 dollars.Did you know that as November 2022 it sold for 87?
Most of the money from oil sales are either embellezed or used for subsidy scam.

Chiefwhip001:
Oil was never at 24 dollars in 2020,the lowest was in March sir to covid 19,and it sold for 32 dollars.Did you know that as November 2022 it sold for 87?

It was that low.

Most of the money from oil sales are either embellezed or used for subsidy scam.

Not entirely true, the fact is, oil, even at 100 dollars per barrel, is not enough for a country our size...plus we need it at above 130 dollars per barrel since at least 2017 before we can even think we have enough cash to balance budget.

That is why we must diversify...and why we must vote out APC...because...failed to diversify.

Kobonaire234:


It was that low.




Not entirely true, the fact is, oil, even at 100 dollars per barrel, is not enough for a country our size...plus we need it at above 130 dollars per barrel since at least 2017 before we can even think we have enough cash to balance budget.

That is why we must diversify...and why we must vote out APC...because...failed to diversify.

In as much as i agree on diversifying,one should ask how well has the revenue from oil sales been used.The fact is that, bad leadership and corruption can never make a country grow,irrespective of multiple streams of income.

Kobonaire234:
Cause of fuel scarcirty is simple

Goverment is making the market sell fuel at an artificially low price which is no longer sustainable Because the cost of producing that fuel has risen

The only way out is complete deregulation of the downstream by allowing the market to set the price of fuel..which would enable the market sell fuel at a profit meaning free flow of the stuff

That is what they have been telling us for nearly three decades

Before you blast me, would you support goverment setting your sale prices of things you sell at a low price to help the poor?

I really don’t understand this their privatization issue

If they could privatize communication sector to the extent sun card of 40k now is almost free today,I believe they can do more to the petroleum sector


So individuals can sell it at their convenient price n once competition sets in it will pay d public in d long run

Chiefwhip001:
In as much as i agree on diversifying,one should ask how well has the revenue from oil sales been used.The fact is that, bad leadership and corruption can never make a country grow,irrespective of multiple streams of income.

The job of a citizen in a democracy is to ensure that the leaders do their work right.

BATified2023:
I really don’t understand this their privatization issue

If they could privatize communication sector to the extent sun card of 40k now is almost free today,I believe they can do more to the petroleum sector


So individuals can sell it at their convenient price n once competition sets in it will pay d public in d long run

Because generally, people love cheap prices (that's why Jumia black friday is so popular).

Even GSM...people complained and complained (and service used to be bad..and at one time one could not call a Airtel line with an MTN line, or a NITEL landline with any one of the two networks...and we was still paying a lot of money).

Kobonaire234:


The job of a citizen in a democracy is to ensure that the leaders do their work right.

You are absolutely right if only we can put aside religion and tribe.