RepoMan007:
the importer is the one subsidizing. That's like a say you cannot trust yourself not to cheat yourself. It is a silly logic to build and argument on.

Let me remind you that the NNPC accrued liability of over 70 billion last year across all refineries without refining one litre of PMS. Make of that what you will.

ben1daEbiri:


Let me remind you that the NNPC accrued liability of over 70 billion last year across all refineries without refining one litre of PMS. Make of that what you will.

70 billion without one quart
And still collected loans in dollars for ph refinery o

baralatie:

What do you think is the cost of transportation?

It is inherently cheaper than our market women make us believe. Again they sell their products per unit price of transportation. Tell me what that is if it isn't daylight robbery.

ben1daEbiri:


It is inherently cheaper than our market women make us believe. Again they sell their products per unit price of transportation. Tell me what that is if it isn't daylight robbery.

How is it cheaper when you do not make a spare tire and your roads are horrible

CodeTemplar:
the test run was not complete because NNPC still pressures IPMAN to sell at low price.

That means it would've only gone higher. See this country is almost beyond redemption. Greed and selfishness is the other of the day. A Nigerian would rather buy a boat to cross to the other side than advocate for a bridge to be built so everybody can access it. Nobody cares just what for your turn to loot and go. I'm tired abeg.

baralatie:

How is it cheaper when you do not make a spare tire and your roads are horrible

This your take is really laughable. Roads and tires are now perishable goods? So you mean transporters change roads and tires every single time they goto the market?
These women literally fix prices for their products with reckless abandon so the transports in turn whose wives buy them in the market have to charge them but not at the ridiculous price the market women fix. This looks like the case of the chick and egg which came first but me going to the market several times has helped me crack it. This one is solely on the market women.

My 33k allowee has finished since 29th and I gotten even buy some things I bought the previous month prices keep increasing meanwhile the price of fuel has become somewhat stable.

Let it be removed. Nnpc should remove their filty hands from importation. Anyone that can import should be allowed to. It should be like importing biscuit. Those that will setup refinaries should. Dangote too should produce. This will create competition and crash the price
Only thing that concerns gov is to regulate quality.

ben1daEbiri:
This your take is really laughable. Roads and tires are now perishable goods? So you mean transporters change roads and tires every single time they goto the market?
These women literally fix prices for their products with reckless abandon so the transports in turn whose wives buy them in the market have to charge them but not at the ridiculous price the market women fix. This looks like the case of the chick and egg which came first but me going to the market several times has helped me crack it. This one is solely on the market women.

My 33k allowee has finished since 29th and I gotten even buy some things I bought the previous month prices keep increasing meanwhile the price of fuel has become somewhat stable.

How I wish you were in the transportation of goods in interstate.
It is only cheaper to use a larger haul (to reduce the cost per item ) than to use a smaller truck.
Do you expect the trader to use a brand new long body to carry perishable goods.you won't be able to pay.it is only practicable to use a 15 ton body second hand truck. And the cost of transportation is still high but not as problematic as using a long body that will cost double handling.
The only way to use a long body is to carry high end goods like cows and rams.
So it is not cheap.all the items above not one is made in Nigeria.Then you see the road(let me not start with that one).

Now you said fuel price has stabilized at #200/litre and yet inflation is an issue.this is because that #200 is going across all sectors.it is affecting the transporter,the food vendor,the nepa offices,the running of Business.
Now imagine $600/litre

nedekid:
Let it be removed. Nnpc should remove their filty hands from importation. Anyone that can import should be allowed to. It should be like importing biscuit. Those that will setup refinaries should. Dangote too should produce. This will create competition and crash the price
Only thing that concerns gov is to regulate quality.

The price of petroleum products is determined by international market forces of which Dangote is likely to subscribe to.

Anything lower than that will require government throwing cash at him aka subsidies except if he will be sold crude at discounted rates creating another vicious cycle of corruption.

Remove the subsidy so Nigerians cam face the reality once and for all.

jerus:
Nothing bad in removing subsidy
Our leaders lack sincerity, they are our problem.

who voted them?

mrvitalis:
Not only should subsidy be removed ,#50 to #100 tax should be imposed on every litre of patrol


Poor has zero benefits from subsidy at all it only benefits middle class

Remove subsidy tax petrol #100 per litre with the state of purchase getting 70% if that revenue

it will all be looted

ben1daEbiri:


Let me remind you that the NNPC accrued liability of over 70 billion last year across all refineries without refining one litre of PMS. Make of that what you will.

inconsequential fact that is. We are talking subsidy here.

Reference:


The price of petroleum products is determined by international market forces of which Dangote is likely to subscribe to.

Anything lower than that will require government throwing cash at him aka subsidies except if he will be sold crude at discounted rates creating another vicious cycle of corruption.

Quite incisive.
If I remember right though, I think Nnpc bought into dangote refinary when they paid about 3b usd. The idea is to create capacity for Nnpc where crude will be given to dangote to refine on their behalf. Aside that, even if dangote has to buy crude at international market price, don't you think his cost will be greatly cheaper since cost of shipping, international banking charges, insurance etc will be reduced?

This is most scary but we need to do it

mrvitalis:
Not only should subsidy be removed ,#50 to #100 tax should be imposed on every litre of patrol


Poor has zero benefits from subsidy at all it only benefits middle class

Remove subsidy tax petrol #100 per litre with the state of purchase getting 70% if that revenue

Spoken like someone without a functioning brain.
Poor has zero benefits from subsidy? ok keep your delusions, na the same poor go first start riot when hand meet them. Poor don't buy food abi? Poor just walk outside, eats sand, lives in the gutter and drink gutter water?

Spoken like a true clown🤡🤡🤡 keep it up

EnterpriseMan:


Spoken like someone without a functioning brain.
Poor has zero benefits from subsidy? ok keep your delusions, na the same poor go first start riot when hand meet them. Poor don't buy food abi? Poor just walk outside, eats sand, lives in the gutter and drink gutter water?

Spoken like a true clown🤡🤡🤡 keep it up

Poor would be biggest beneficiary of the tax not the casualty ...but you Nigerians can't see that

You just want to hope things change but not sacrifice for it

mrvitalis:

Poor would be biggest beneficiary of the tax not the casualty ...but you Nigerians can't see that

You just want to hope things change but not sacrifice for it

They would not, they would still spend x3 of their usual spending with no extra source of income. The rich man who has a bakery would triple the price of bread, your local bus drivers would triple the fare price. Its would simple be a matter of if you can't afford it leave it and the middle class will afford it The rich would not suffer from it, the middle class with jobs slightly, the businessmen would adjust their prices to accommodate, the poor man would starve.

its that simple

Babzrockman:
If only our leaders are going to be sincere. Nothing bad in removing fuel subsidy.

How much has been removed from the subsidy so far and how much is left to be removed?

mrvitalis:
Not only should subsidy be removed ,#50 to #100 tax should be imposed on every litre of patrol


Poor has zero benefits from subsidy at all it only benefits middle class

Remove subsidy tax petrol #100 per litre with the state of purchase getting 70% if that revenue

Pls do you know how much has so far been removed from the subsidy and how much is left to be removed from the subsidy?

jerus:
Nothing bad in removing subsidy
Our leaders lack sincerity, they are our problem.

Does subsidy actually exist? If it does, how much has been removed from it so far?

How much is left to be removed from it?

CodeTemplar:
I have a proposal. Let a test removal be done. With NNPC allegedly as the sole importer, that should be easy to do.

Has subsidy not been removed before? How much was removed? How much is left to be removed ?

mrvitalis:

Even units 20 millions per spending 750 billion on subsidy and giving it to commercial banks at say 3% so they can loan it to certain sectors at 10% per year u can limit it to say agro processing , most exports centric or import substitution industries ....do you know what that can do to our economy If done for 8 years ? Do you know


That can generate 800 billion in taxes yearly even


Government is a business ...you invest in people to get taxes to invest in more people

Wait ooh, did commercial banks complain that they didn't have money to give out as loans?

Is it absence of 3% that has put the nigerian economy were it is?

All the monies loaned out so far, how has it improved the economy?

mrvitalis:

Food and and goods trucks are 90% diesel powered and subsidy has been removed from diesel long time again ... transportation is less than 2% of their spending

Petrol needs to be taxed and state of purchase getting 70%

How did you arrive at your 90% and 2%?

mrvitalis:

Poor would be biggest beneficiary of the tax not the casualty ...but you Nigerians can't see that

You just want to hope things change but not sacrifice for it

I am an advocate for subsidy removal, and gave been for a long, long time but the issues are clear.

That it is government's failure to 'show' how the 'common man' will benefit from subsidy removal that has caused the apprehension and resistance.

All government has been preaching is the dangers of continuing not the benefits of stopping. That is the issue

And so the common man has said, 'let us die together since we cannot benefit together.

And this is a clear indication of a nation that does not trust it's government. And this is because they have lied and lied and lied in the past without consequences. Many promises of better things with increase in energy costs have never materialized.

As you alluded subsidies on AGO and DPK have been removed for more than a decade now, WHAT ARE THE BENEFITS. If we are saving probably trillions more we will have been spending on keeping diesel and kero prices cheap, where are they. Where are the savings...?

Such will be the fate of Nigeria even if subsidies are removed. The savings will still not impact on the economy because those stealing in the name of subsidies will shift attention to the savings through bloated government, hyper inflated contracts, rent seeking, etc.

The 'common man' sees cheap gasoline as HIS ONLY TANGIBLE BENEFIT of being a citizen of this country. He pays dearly for everything else.

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