₦airaland Forum

adenigga:
Source: https://punchng.com/Marketers-predict-six-month-fuel-scarcity-prices-rise

odogwubiafra:
This is why the scarcity will persist.

At NNPC filing station Rumuomasi, Port Harcourt in Rivers state. The attendant, under the supervision of the manager, were busy since 3AM selling to gallons for black marketers. The attendant even had the audacity to splash fuel at the angry computers, when he noticed he was being recorded.
Watch the attached video.

MarketDispatch:
Part of the Rascality Peter Obi is talking about. NNPC gives out Crude Oil, and collects finished product in exchange yet they still talk about subsidy.

What about all the other remaining finished products that NNPC didn't collect from the people it gave Crude Oil to? At least 11 finished products can be gotten from Crude Oil

Deepthoughts:
Removing subsidy totally may not solve the problem,if subsidy is totally removed with crude oil been sold at international rate n the naira depreciating continuously how on Earth are going to fare better,I think the best solution would be to permit individuals the right to build refineries that would sell their products locally only then sell the crude to them at an agreed local rate.

SpecialAdviser:
Each time I remember the fanfare that brought this calamitous failure called Buhari to power, I shake my head repeatedly in disbelief of what has befallen this nation now.

Where are the YAM EATERS crooners?
Where are the NEW SHERIF in town crooners?
Where are the INTEGRITY man crooners?
Where are the WHISTLE BLOWER crooners?

People can really be educated but not smart.
Another worse calamity is warming up. This time they don't preach he has integrity, it is he developed LAGOS . Haaaa, there are sworn enemies of this country ooo.

AdaojoTheUrchin:
Petroleum marketers in Nigeria are the biggest corrupt cabals and cartels in this country. They have the same operational principle with NURTW. They have only one goal- To rip off the common man.

gasparpisciotta:
Subsidy go do us shege

To all those blaming Buhari, shey na him refuse to revamp the refineries all these years?

We have had 3 administrations before him and none of them worked on our refineries or at least took a step towards building a new one.

We now have Port Harcourt refinery about to start work in the coming months, latest 2024 and the oga pata pata of them all Dangote refinery about to be commissioned.

We are faced with the consequences of bad leadership starting from Obasanjo the ghost face killer.

Kobonaire234:
There is only one answer and that is the removal of subsidies totally.

Otherwise there is going to be scarcity whoever is in charge because the price controls inherent in subsides will prevent profits being made which would lead to scarcity

The free money from subsidy leads to corruption and stealing.

The mass smuggling of cheap fuel means we lose billions for nothing. Mass smuggling that both big and small people do

And it is obvious that 50 years of subsidy has resulted in the decline of domestic refining capacity.

Remove subsidy. Let the market control the price. Just like we do for other things

But this apc govt wants to keep believing in the false god called cheap fuel. And they sacrifice our economy and future on its altar


Modified

You can disagree with me without losing your mind. As someone here has done so politely and I have responded to him politely.

yesloaded:
Nigeria government is our enemy

The amount of money spent on Lagos -ibdaan rail project is enough to setup modular refinery that will refine 100,000bpd


Now, Lagos - Ibadan rail will not serve numbers of people that the modular refinery will serve


Before you condemn my post, please make your research about cost of modular refinery and cost of the said rail project, compare what Nigeria need most between the 2.

Nigeria government needs to write out scale of preference instead of eye service projects

Kobonaire234:
As at November, NNPC was bringing in fuel at 510 naira and selling it to depot at N140, and at it stations at N180

That means NNPC since November has been losing at least N340 for every liter of fuel sold under its auspices.

Selling to black market is how they recoup some of those losses.

The money budgeted for subsidy is not enough to cover the losses...especially since oil prices rose this year.

brandsoncharlie:
Why is NNPC unable to remit anything to CBN despite the Ukraine /Russia war despite the fact crude oil was 100 dollars and selling at 70 dollars per barrel or so.

Nigeria was able to save for ECA and remit 3b dollars during the Libya crisis to NNPC and we didn't face the worse hiccups of fuel crisis at the filling station.

I blame Niger delta.

gasparpisciotta:
Subsidy go do us shege

To all those blaming Buhari, shey na him refuse to revamp the refineries all these years?

We have had 3 administrations before him and none of them worked on our refineries or at least took a step towards building a new one.

We now have Port Harcourt refinery about to start work in the coming months, latest 2024 and the oga pata pata of them all Dangote refinery about to be commissioned.

We are faced with the consequences of bad leadership starting from Obasanjo the ghost face killer.

Kobonaire234:
There is only one answer and that is the removal of subsidies totally.

Otherwise there is going to be scarcity whoever is in charge because the price controls inherent in subsides will prevent profits being made which would lead to scarcity

The free money from subsidy leads to corruption and stealing.

The mass smuggling of cheap fuel means we lose billions for nothing. Mass smuggling that both big and small people do

And it is obvious that 50 years of subsidy has resulted in the decline of domestic refining capacity.

Remove subsidy. Let the market control the price. Just like we do for other things

But this apc govt wants to keep believing in the false god called cheap fuel. And they sacrifice our economy and future on its altar


Modified

You can disagree with me without losing your mind. As someone here has done so politely and I have responded to him politely.

Solababa91:
Questions have been asked repeatedly how they came out that figure (510) and answers have not been provided till today, the statistics of fuel consumed daily has also remained a secret as well as the volume of crude explored and refined and brought into Nigeria. That a liter cost 510 and being subsidized to 140 is a BIG SCAM

SpecialAdviser:
Each time I remember the fanfare that brought this calamitous failure called Buhari to power, I shake my head repeatedly in disbelief of what has befallen this nation now.

Where are the YAM EATERS crooners?
Where are the NEW SHERIF in town crooners?
Where are the INTEGRITY man crooners?
Where are the WHISTLE BLOWER crooners?

People can really be educated but not smart.
Another worse calamity is warming up. This time they don't preach he has integrity, it is he developed LAGOS . Haaaa, there are sworn enemies of this country ooo.

Kobonaire234:
Let's say you ran a bakery baking biscuits, bread, cake, and puff puff

sector...and you will see why.

deavicky:
my point about subsidy removal is, if it is too heavy for the government to pay, why not stop by doing the right thing which is to build refinery

3.6 trillion has been budget for 6 months subsidy. How much is the cost of building a refinery.

Since 2012 they want to stop subsidy but no plan of building refinery. Why again can't the government give licence to all this multinational companies to build refinery?.

Don't be surprise all this noise about subsidy removal could just be political with aim of aiding Dangote refinery.

yesloaded:
Nigeria government is our enemy

The amount of money spent on Lagos -ibdaan rail project is enough to setup modular refinery that will refine 100,000bpd


Now, Lagos - Ibadan rail will not serve numbers of people that the modular refinery will serve


Before you condemn my post, please make your research about cost of modular refinery and cost of the said rail project, compare what Nigeria need most between the 2.

Nigeria government needs to write out scale of preference instead of eye service projects

Blaze14k:
My ppl buhari hands are tied and his Muslim brothers wont let him do the right thing. These guys are stealing our oil on daily basis unannounced. How can nnpc be recording oil export on a sheet of paper and we call this a country. Even customs nor weigh and balance dont have a single record of oil exports.

MarketDispatch:
NNPC gives you flour. (Crude Oil) in exchange for finished products you can get from the Fluor

You produce bread, crumpets, muffins, noodles, pasta, biscuits, cakes, pastries, cereal bars, sweet and savoury snack foods, crackers, crisp-breads from the Fluor,

But NNPC only brings back Bread, Cakes and Noodles, what happens to the other items that were produced from the Fluor? Who sells them, Who owns them, who collects the money, who consumes it

Kobonaire234:
Railways is very important, especially as it would take off the traffic on our road.

If we remove subsidy on petrorl, yes prices will go up...but there will be enough investment flowing in to build refineries...since there is now incentive to do so.

Better still, government would not spend a dime


See our GSM towers, and antenna. No government money was spent, because government did not come in and regulate or control the prices they set. That meant they invested heavily in Nigeria...because they knew they would MAKE A PROFIT.

ivandragon:
This is the longest uninterrupted fuel scarcity in Nigeria’s history.

Even Abacha was not this incompetent.

TheAlchemist:
Expect Dangote Refinery to be a major importer of petrol into Nigeria in the not too distant future. This I have seen.

Kobonaire234:
Because Buharinomics means that NNPC spends whatever profit it makes subsidising fuel...and subsidy costs have risen over the years....especially this year.



And we did that at the expense of our forex reserves, remember. Down from 60 bn dollars in 2010 to 28 billion by the end of 2015.

There is a reason why GEJ wanted subsidy to go in 2011...he could see how the thing was draining our earnings.



Nope...blame the APC and Buhari for not removing subsidy on June 1 2015, by now we go enjoy.

Kobonaire234:
When you say subsidy must go.....some people come and start screaming and crying and weeping

Here is one of them





For the record...and you are free not to believe me

1.I am not a paid agent, nor do I work for the government or the petroleum sector

2.I was pro-subsidy from 1993 till 2011, when I woke up thanks to the enlightenment of people like Sanusi Lamido Sanusi and Ngozi Okonjo Iweala

3.The final nail in my coffin of believing in subsidy was when in 2012 i was introduced to the concept of landing cost. Whose implications not only shocked me, but helped me finally wake up to why government was trying to remove subsidy then

4.Since then, I have been a ferocious opponent of subsidy.


If you like, you can call me a liar, a thief, a buhari supporter (I have never voted for Buhari and never will). .....but if Tinubu, Atiku and Obi are saying that subsidy should go and you have not woken up....then I cannot help you.



And to the person quoted above.....grow up.

Npfn:
You created your account to talk about how people should accept subsidy to go thinking we fools since 2022 alone you have been commenting on threads about subsidy I know your job is hard but tell your pay masters you have failed and subsidy will never go it will shock you all this 2023 keep playing with civilians patience liars