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Nairaland Forum / Nairaland / General / Politics / Fuel Scarcity: Depots Dry Up, Nigerians Face Bleak Christmas (18119 Views)
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Re: Fuel Scarcity: Depots Dry Up, Nigerians Face Bleak Christmas by Nobody: 10:50am On Dec 22, 2022 |
Nothing is working in this cesspit. Absolutely nothing! 1 Like |
Re: Fuel Scarcity: Depots Dry Up, Nigerians Face Bleak Christmas by ecomalchemistt(m): 10:52am On Dec 22, 2022 |
Everybody go dey okay 1 Like 1 Share |
Re: Fuel Scarcity: Depots Dry Up, Nigerians Face Bleak Christmas by annisy(f): 10:59am On Dec 22, 2022 |
For 11yers from 2012-2023 Nigeria and its leader has learnt absolutely nothing. fuel scarcity is actually an issue of national security but our leaders are not seeing it in that light. Every government officials believe that if subsidy is removed the problem of fuel scarcity will eventually end but this is a big fallacy. Currently in major cities across Nigeria where you see queue in filling Station they are fuel in those city but the problem is affordability, despite the queues you can still get fuel from the black market but it is so expensive that many people prefer to spend hours on the queue Removing subsidy won't slove the problem of feul scarcity, removal of scarcity will only make the product available just like the black market, even the so called dangote refinnary will only slove the problem of availability... To slove the problem of fuel scarcity across the nation the government must own and operate its own refinnary or buy a major stake in private refinnary, that way government can slove the problem of scarcity Kobonaire234: 1 Like |
Re: Fuel Scarcity: Depots Dry Up, Nigerians Face Bleak Christmas by chrizzyace: 11:04am On Dec 22, 2022 |
You ppl should get out!! Must we experience this every Christmas period!! |
Re: Fuel Scarcity: Depots Dry Up, Nigerians Face Bleak Christmas by Ritzen: 11:06am On Dec 22, 2022 |
Kobonaire234: You're the ignorant one here. The real question is why is NNPC still bringing in fuel?(used your parlance). What happened to the billions borrowed to revamp pur refineries in 2018? The failure of this inept adminstration cannot be denied. 2 Likes |
Re: Fuel Scarcity: Depots Dry Up, Nigerians Face Bleak Christmas by Nobody: 11:08am On Dec 22, 2022 |
annisy: 1.Here is how subsidy works in brief. Assuming it costs the petroleum sector something like N500 to produce and transport fuel to end user, meaning the price at the pump should be above N500, government then comes in and tells the sector to sell fuel at say N180 to end user. This means that the sector loses N320 per liter of fuel sold. Government pays that difference in the form of something called a subsidy. The problem with subsidy is that the cost of refining and transporting fuel rises ....due to a number of factors (refinery improvements, maintenance, upgrandes, transport costs0) ....so eventually the N320 per liter paid as subsidy would be insufficent. We have been doing this for years...which means NNPC has not made a profit....and as a result all our refineries are in a mess, and unless your name is Dangote, no one would invest in or build new refineries...because they would lose money in the process. Even Dangote is at risk of the same. If subsidy goes.... 1.Govenrment would no longer be dashing free money to the petrol secotr. 2.The sector would make enough money to pay for transport, and refining of fuel in Nigeria. 3.Scarcity would end Countries like Niger, Ghana that don't have subsides....have no fuel scarcity (and they are crude oil producers too). The short version to understanding subsidy is: Would you bake bread at a cost of N1000 a loaf, and sell that same bread at N300 a loaf to help the poor? And the government pays you N300 a loaf as 'bread subsidy'? How would your business function...expecially since government has forbidden you to raise your prices? |
Re: Fuel Scarcity: Depots Dry Up, Nigerians Face Bleak Christmas by Nobody: 11:10am On Dec 22, 2022 |
Ritzen: I suggest you go and give your wife the gift of a lifetime The real question is why is NNPC still bringing in fuel?(used your parlance). What happened to the billions borrowed to revamp pur refineries in 2018? The failure of this inept adminstration cannot be denied.[/quote] Because NNPC has been using its profit to subsidise fuel for decades...meaning nothing left really for keeping up the refineries(TAM manintenance really meaneth nothing..and is probably (allegedly) a corruption conduit). We have been subsiding fuel since 1973....see what selling at a loss for a long time has led us to. The Buhari admin even made things worse. In 2016, THEY made NNPC the sole importer and also the sole people responsible for subsiding fuel. In pracitce, this means NNPC has been running even more at a loss because of that. Crazy economics.... If NNPC had been allowed to sell fuel at a profit, as it was pre 1972, and the marketets were allowed to sell fuel at a profit, we would be paying high prices, but we won't have thrown trillons down the drain over 50 years in the name of keeping fuel cheap. And the refineries would be working because sabotaging them means no money for the year. |
Re: Fuel Scarcity: Depots Dry Up, Nigerians Face Bleak Christmas by gloryman91: 11:15am On Dec 22, 2022 |
I beg where people dey get fuel with dis kin traffic wey I dey see with my kokoro eyes ? NIGERIAN no money but you must travel and do parties. |
Re: Fuel Scarcity: Depots Dry Up, Nigerians Face Bleak Christmas by CodeTemplar: 11:23am On Dec 22, 2022 |
Angelfrost:how many refinery did GEJ fix and run? |
Re: Fuel Scarcity: Depots Dry Up, Nigerians Face Bleak Christmas by Respect55(m): 11:27am On Dec 22, 2022 |
Kobonaire234: Just answer this simple question, why are we importing fuel? |
Re: Fuel Scarcity: Depots Dry Up, Nigerians Face Bleak Christmas by berrystunn(m): 11:28am On Dec 22, 2022 |
Don't vote APC again |
Re: Fuel Scarcity: Depots Dry Up, Nigerians Face Bleak Christmas by Angelfrost(m): 11:29am On Dec 22, 2022 |
CodeTemplar: You mean after his subsidy removal attempt was reversed due to riots and protests instigated by your current leaders?!! Or do you mean before?!! Please, specifically ask the right questions! I hold no brief for the man... His administration was corrupt and tainted. However, the move to remove subsidy was brilliant and even overdue. |
Re: Fuel Scarcity: Depots Dry Up, Nigerians Face Bleak Christmas by Nobody: 11:30am On Dec 22, 2022 |
Respect55: Because since 1973, NNPC has not been allowed to make a profit refining it here at home...short answer. Long answer: In order to help poor people, government controls the price of fuel, which means that profits are not sufficent to keep the refineries running well (unlike the GSM sector, where MTN, Airtel and Glo set their price, make their profit, and are able to pay for all the antenna and facilities without government help) And yes, Buhari is to blame because he has not removed subsidy. Good am. |
Re: Fuel Scarcity: Depots Dry Up, Nigerians Face Bleak Christmas by seguno2: 11:38am On Dec 22, 2022 |
Kobonaire234: Please in what other way(s) was Jonathan not right in 2012 concerning fuel subsidy that Buhari called a fraud and he removed it in 2016 |
Re: Fuel Scarcity: Depots Dry Up, Nigerians Face Bleak Christmas by ModCaller: 11:42am On Dec 22, 2022 |
Kobonaire234: This is false. A very big lie. There is nothing like 510 per litre anywhere. It's way less than that. Mods should pay attention to misinformation like this. 1 Like |
Re: Fuel Scarcity: Depots Dry Up, Nigerians Face Bleak Christmas by CodeTemplar: 11:44am On Dec 22, 2022 |
Angelfrost:GEJ failed and Buhari too has failed. EOD. |
Re: Fuel Scarcity: Depots Dry Up, Nigerians Face Bleak Christmas by DaveHarry(m): 11:52am On Dec 22, 2022 |
we are celebrating our Christmas �⛄ in a very happy and grateful �� mood. No be pms(even d landlord try, but I push am and he family enter corner) go determine our Christmas this festive season. Merry Christmas everyone. |
Re: Fuel Scarcity: Depots Dry Up, Nigerians Face Bleak Christmas by Nobody: 11:58am On Dec 22, 2022 |
ModCaller: And in response... The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited, Mr. Mele Kyari, has disclosed that the landing cost of Premium Motor Spirit(PMS), popularly called petrol is thrice N170 per litre. Sarce: The Sun , November 11, 2022 You were saying, good sir?? (In fairness, this is one of those times when I do wish I was lying) |
Re: Fuel Scarcity: Depots Dry Up, Nigerians Face Bleak Christmas by Nobody: 11:59am On Dec 22, 2022 |
seguno2: Go and ask the APC urchins that. Don't ask me. In 2011, I got saved and had my eyes opened to the benefit of subsidy removal. |
Re: Fuel Scarcity: Depots Dry Up, Nigerians Face Bleak Christmas by Kasdat5(m): 12:05pm On Dec 22, 2022 |
Kobonaire234: Not just Búhari, Gej too , for not having the balls too to implement something he knows will benefit us all in the long run . *I never cared about your political affiliation, the whole subsidy thing , the more I hear it, the more I get confused , I just want someone who would point who's to be blamed so I can vent my anger 1 Like |
Re: Fuel Scarcity: Depots Dry Up, Nigerians Face Bleak Christmas by yahoodetector: 12:07pm On Dec 22, 2022 |
agadez007: That's one thing about many yorubas (some of them are still sensible and logical)...the rest just want it to be that a Yoruba man is President whether Nigeria is burning or not. Backward primitive cave-like mentality 1 Like |
Re: Fuel Scarcity: Depots Dry Up, Nigerians Face Bleak Christmas by Nobody: 12:07pm On Dec 22, 2022 |
Kasdat5: The reason why i threw in politricks is because say you oppose fuel subsidy....you must be a Buhari supporter apparently. |
Re: Fuel Scarcity: Depots Dry Up, Nigerians Face Bleak Christmas by annisy(f): 12:07pm On Dec 22, 2022 |
I agree with you but I want you to understand that the issue of fuel scarcity has to do with availability and affordability. Removing the subsidy will only address the issue of availability but that won't address the issue of affordability... Niger, Ghana and Co is not a perfect example to sight when it come to this debate . The perfect example is diesel (DPK) Subsidy is not paid on deisel in Nigeria, because subsidy is not paid on diesel you can hardly hear of diesel scarcity (availability issues has been slove) but many businesses and companies have closed down because of the high price of dpk!!!! (affordability issue has not been slove) if you own a business that requires diesel to function then you will agree that availability of the product is as important at the affordability The government needs to own its own refiniary and operate the infiniary as a business that way the government can slove the problem of availability of the product and also make it affordable for its citizens. From uae to Saudi to Oman to Russia and even our brothers in Libya petroleum product is very cheap because their national energy sectors equivalent of our nnpc are state own and properly run Removal of subsidy on its own won't slove the entire problem NNPC needs to own and operate more refinnary, that way government can decide to forego its profit to make the product affordable for Nigerians Kobonaire234: |
Re: Fuel Scarcity: Depots Dry Up, Nigerians Face Bleak Christmas by Arthurnna: 12:08pm On Dec 22, 2022 |
Ladies and gents,e done happen. I bought fuel at 280 naira this morning in owerri.. 280 folks.. now it's crystal clear to the blind and deafeningly loud to the deaf that 500/Ltr will soon be the Goal!! nymphomaniac: 1 Like |
Re: Fuel Scarcity: Depots Dry Up, Nigerians Face Bleak Christmas by Nobody: 12:10pm On Dec 22, 2022 |
annisy: Ah, so we come to the real issue. In response, I am going to ask you a question If you were baking bread at N1000 a loaf, would you agree for government to force you to sell that same loaf at the price of N200 to help the poor? How would you fund worker salaries, maintenance, even your own earnings, and pay taxes, and so forth? Answer that, and you would see why affordability is really a non-issue. Things, sadly, cost money to make. (Refining fuel at home would, according to one other Nairalander elsewhere, mean that fuel would have to be sold above N230. ) |
Re: Fuel Scarcity: Depots Dry Up, Nigerians Face Bleak Christmas by Abagworo(m): 12:11pm On Dec 22, 2022 |
Kobonaire234: We are not meant to import at all and since it is a local product then international prices shouldn't dictate our domestic market. I support subsidy removal but it has to be in the interim while we work on local production. |
Re: Fuel Scarcity: Depots Dry Up, Nigerians Face Bleak Christmas by Kasdat5(m): 12:13pm On Dec 22, 2022 |
Kobonaire234: Qus is !!! Why no one has the balls yet to do the needful , is it that difficult ?? 1 Like |
Re: Fuel Scarcity: Depots Dry Up, Nigerians Face Bleak Christmas by Nobody: 12:16pm On Dec 22, 2022 |
Abagworo: Local production does not mean that fuel would be cheap. Refineries are made of imported stuff. And they need maintenance and upgrading Also, who wants to invest in a business where government sets your price? No one |
Re: Fuel Scarcity: Depots Dry Up, Nigerians Face Bleak Christmas by ufotunang: 12:17pm On Dec 22, 2022 |
APC and Buhari has destroyed this country and Buhari is even the minister of petroleum... what a failure |
Re: Fuel Scarcity: Depots Dry Up, Nigerians Face Bleak Christmas by ufotunang: 12:19pm On Dec 22, 2022 |
FarahAideed:... that is why nigerians should be careful on who they vote next year 2033 .. nigerians should learn from their past mistakes and vote for a competent person and party |
Re: Fuel Scarcity: Depots Dry Up, Nigerians Face Bleak Christmas by annisy(f): 12:28pm On Dec 22, 2022 |
You are getting it wrong Energy security is a matter of national security petrol, diesel, and Co is a matter of national security!! Petrol is not like bread and should not be left in the hands of an individual or individuals to determine the pricing,, Energy securities is like DSS You said affordability is non-issue! Honestly you need to read & do proper research, forget what our politicians are saying Are you aware that because of Ukraine and Russia war the price of petroleum product and electricity in uk went up,the uk government brought out 10 billion pounds as subsidy or bail out to bring the price down.. And here we are in Africa buying into the cramp our leaders are saying that affordability is not a problem Anyway reflect on all I have said and do your proper research, please don't use Ghana, Niger and Co when doing your research use serious nation Petrol is not like bread Remain bless Kobonaire234: 1 Like |
Re: Fuel Scarcity: Depots Dry Up, Nigerians Face Bleak Christmas by gly(m): 12:31pm On Dec 22, 2022 |
Exceed15: It is laughable my brother. Sometimes I wonder if those supporting APC, come 2023, are hypnotised or they are just deliberating catching cruise. After all they have done, they still drum support for APC. Haba!!! 2 Likes |
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