₦airaland Forum

Kobonaire234:
Maybe, but on the other hand it is unrealistic tp expect fuel to be less than 250 naira per liter or even the 15 kobo it was in 1981.

I know you guys want it at 65 naira, but if peter wins and tries that, the loans he would take to sustain it would make Buhari loans look like chicken feed

The problem is that this administration is paying billions of naira as subsidy

This man with his carless mouth will trigger another round of inflation again

Kobonaire234:
Maybe, but on the other hand it is unrealistic tp expect fuel to be less than 250 naira per liter or even the 15 kobo it was in 1981.

I know you guys want it at 65 naira, but if peter wins and tries that, the loans he would take to sustain it would make Buhari loans look like chicken feed

Which loans, the One GEJ did, how many loans does he took for it?

What are you even saying

It is not bad relatively but we need a lot of other social amenities including public power supply to complement that

adenigga:
Source: https:///N300-Per-Litre-Price-Of-Petro-Is-Not-Bad-Petroleum-Minister-Sylva

DatblackBoi:
If only the people in this current administration had allowed the then government remove fuel subsidy, this menace would have long been behind us. It's really crazy how politicians gamble with the lives and wellbeing of it's citizens all for their own selfish gains.

I truly understand your point though

Truth is this isn't about subsidy and I will continue to insist removing subsidy without fixing our refinery first is stupid.
Look at kerosene and diesel now how much they cost, their prices has never gone down, this is what will also happen when we remove subsidy without refining what we can use.

Our currency is being weakened daily, it only means continue importation of petrol will only mean that the prices will continue to increase, the only solution is fix our refining problems.
Make these Modular refineries to work, sell off the current three refineries and allow government only own a small share in it.
This is only when we can remove subsidy and prices will be controlled by us.

In the main time, government have to increase salary to make up for the removal if not the sufferings will increase.

Remember almost everything in Nigeria rises with cost of petrol except salary.

Why this government are like this, it's your government that said no fueler should sell more than the price you approved. Now same government is saying buying fuel at 300naira per liter is not bad...... Almighty will suffer all of you down to your generation

NO, pls make it #3000 per litre
Satanic govt of SELF SERVING THIEVES AND BLOODTHIRSTY
Una Cup go soon full... Useless baaaastarrrds!

It's not bad because he doesn't sweat to buy it. When they are living their lives with stolen monies, why won't he make such comments.

Does he know how many Nigerians that doesn't even have N300 to feed in a day?

Wicked and unreasonable leaders.

Kobonaire234:
Maybe, but on the other hand it is unrealistic tp expect fuel to be less than 250 naira per liter or even the 15 kobo it was in 1981.

I know you guys want it at 65 naira, but if peter wins and tries that, the loans he would take to sustain it would make Buhari loans look like chicken feed

People don't want to hear the truth. These people don't realise that the subsidy is destroying the economy.

Who's giving me the extra naira I have to cough out for it .. failures

AutoBodyParts:
The problem is that this administration is paying billions of naira as subsidy

Which is why it isnt selling fuel at 600 naira per liter

Ken4Christ:
It's not bad because he doesn't sweat to buy it. When they are living their lives with stolen monies, why won't he make such comments.

Does he know how many Nigerians that doesn't even have N300 to feed in a day?

Wicked and unreasonable leaders.

I de tell u

eshcol:
You have just spoken like the zombie you are.. Very long beautiful nonsense to convince your mama and papa yet you know nothing about Nigeria's energy economics. What nonsense are you trying to justify? Do you even know the quantity of petrol we consume daily? The fact that we pay over 3trn half annually for that fraud when we can build a new refinery and even revamp the existing ones with that same amount is something that should make any normal human being too angry to defend this government. They didn't investigate this subsidy fraud nor took any measures towards building any refinery and didn't collaborate with owners of newly built modular refineries and you come here to spill trash.. God will judge all of you

Thank you very much for the flowers

MisfitHPG:
are you dumb?how much is their minimum wages?

As high as Nigeria's own and in some instances lower.

blackedwin:
Factoring in the aspect of the fact that Nigeria is an OPEC member some of your points are not valid sir.

Being an opec member does not guarantee any advantage these days. Not when everyone is producing oil.

Plus, we have 230 million people, and on a good day produce less than one tenth of what Saudi produces in a day, with a populaiton of around 45 million people. That affects a lot of things.

And i still stand by my points and you know i am right.

Aguiyimba:
Get sense people like you put this country in this condition

Thanks for calling. Put your requests in the suggestion box on the first floor.

akseph1:
I don't think he would take a loan if the government can invest and create what will generate income

He would have to take loans on account of the money he would spend subsidising fuel to 65 naira per liter

I no even see the 300 per litre. It is 500 in PH now and 800 in the black market. Transport has doubled. A stone throw can be 200.

adenigga:
Source: https:///N300-Per-Litre-Price-Of-Petro-Is-Not-Bad-Petroleum-Minister-Sylva

APC and scam, the irony were intellectuals like Suraju, Jimoh, Ebi odara, beremx and co that supported this fraud with their full chests in 2015. Bring Tinubu, everybody will enter slavery mode. They promised after increasing from N87 to N147 that subsidy has been removed, that we only have under recovery.Yet they have paid more, yet poverty has not allowed people to fill their tanks.

Kobonaire234:
At 300 naira it is even still cheaper than all our African brethren except Algeria and Angola.

Also, seems apc has admitted in essence that 40 naira petrol was a lie.

Does he buy fuel?

But we have refineries in the country that is not working, you are just suggesting that Nigerians should be 100% exposed to the forces of demand and supply or international market prices, without providing cheap and alternative means of transportation this will be suicidal, I'm yet to see an economy that want to grow and increase the wealth of it's citizens without intervening when it comes to exchange rate and Oil/fuel prices... your suggestion will collapse the economy with hyper inflation that will follow .

Kobonaire234:
Fixing prices is a bad economic policy because when the cost of production and transport rises above the fixed price, your subsidy costs goes up. And if you cannot pay, scarcity results


There is a reason why we don't subsidise food items like we did 40 years ago.


Also things cost money. You fix a businesses price, you eventually force them to run at a loss. And problems start

You won't want goverment regulating your prices if you were running a business.

pinkasso:
But we have refineries in the country that is not working, you are just suggesting that Nigerians should be 100% exposed to the forces of demand and supply or international market prices, without providing cheap and alternative means of transportation this will be suicidal, I'm yet to see an economy that want to grow and increase the wealth of it's citizens without intervening when it comes to exchange rate and Oil/fuel prices... your suggestion will collapse the economy with hyper inflation that will follow .

Well, in Niger and Ghana they are 100% exposed to the forces of demand and supply, and as a result they have working refineries, and in Niger's case...they export fuel.

You are exposed to forces of demand and supply anytime you buy books, computers, stationeries, foodstuffs, etc, etc....it is only fuel that you get some protection..

As a result...we have bad refineries, because of no profit and free government money being misused.

Because the problem with subsidy is that it

INVOLVES

GOVERNMENT

FIXING PRICE OF FUEL

BELOW WHAT IT COSTS TO PRODUCE IT

And when the production cost rises, more often than not, it rises beyond the capacity of the subsidy to cover for it.

That's why most of the candidates for next year's election want subsidy gone.

Pickmycall:
Does he buy fuel?

He does, and he is being honest, I guess.

Now, do you want government setting the price of anything you sell? To help the poor y'see..?

Kobonaire234:
On the other hand pretending that fuel is cheap has added to our debt due to us taking loans to cover the deficit left by rising subsidy costs.

Pay market price for fuel at the pump or pay it at the World Bank is what it boils down to

Very shallow thinking! Let the government work hard on the economy, rather than hiding under fuel market price mark. Nations who have worked hard on their economy despite market price marking sell fuel at low pump prices, while others who even have fuel sold at market or even higher prices, have grown their economy to the point where it's citizens despite the high fuel prices have the purchasing power to afford it without further impoverishing them

Kobonaire234:
At 300 naira it is even still cheaper than all our African brethren except Algeria and Angola.

Also, seems apc has admitted in essence that 40 naira petrol was a lie.

it is only bad things from your Africa brother that you learn. imagine rubbish you wrote. fools like you are the reason why our leaders are making slaves out of us

Wicked man!

Chei you won't feel bad if you buy petrol at N300? Is it not because you are one of those looting this nation? Does the common man have your kind of wealth?

Kobonaire234:
At 300 naira it is even still cheaper than all our African brethren except Algeria and Angola.

Also, seems apc has admitted in essence that 40 naira petrol was a lie.

Lol
The 40# let litre was a very cheap lie like mad bro

Nothing de #40 now�

Dchair2:
Very shallow thinking!

Well, the shallows are rich in molluscs and jellyfish and eels....

Let the government work hard on the economy, rather than hiding under fuel market price mark

Part of working hard on the economy includes no price controls...which is what a subsidy regimen brings about.

.

Nations who have worked hard on their economy despite market price marking sell fuel at low pump prices,

No, they have high prices, some even due to tax issues (Fuel is high in many European countries)...or they are like Saudi Arabia and Norway who earn far more from fuel than we do, and can afford some form of subsides because of their low populaitons.

If we wanted to be like Saudi...we would have to produce something like 40m barrels of crude a day, with prices at over 100 dollars per barrel. Then we would have enough cash for subsides .

while others who even have fuel sold at market or even higher prices, have grown their economy to the point where it's citizens despite the high fuel prices have the purchasing power to afford it without further impoverishing them

Nah, that's not quite true.

Many of those countries where people earn higher than we do also have to pay higher taxes, higher prices etc. As a result, they may even be at our level spending wise.

What many of those countries do is invest in public transport...and even then they have to pay taxes to maintain it...taxes and tax rates that we would never pay here.

People complain about cost of living in those countries.

Finally, those countries rely on industrial exports...something we refuse to do here because we don't want to...we want to sell raw materials and use it to import stuff.

Lightorder:
it is only bad things from your Africa brother that you learn. imagine rubbish you wrote. fools like you are the reason why our leaders are making slaves out of us

Good morning, and do kiss your wife and daughters for me. Also, do take time to thank the gardener for the roses he gave your cousin. They were his best prize roses....

Slurity:
We understand that 300/liter is still the cheapest price all over the world but Nigerians don't have the money to buy the fuel in the first place. So, you are saying nonsense

I don't understand why you people are talking out of ignorance, for what purpose is 3.6 trillion naira budget for subsidy this year, are they going to return it to government?. God just allowed this government to punish Nigerians, but all of them that have partake in this evil will be paid back with evil they have melted on Nigerians.

adenigga:
Source: https:///N300-Per-Litre-Price-Of-Petro-Is-Not-Bad-Petroleum-Minister-Sylva

A failed APC administration