₦airaland Forum

HacheNoire:
Is their a scarcity? No, just panic buying.
Unsubsidized importation is still valid.

And what makes you even think fuel will be cheaper if all refineries are working? it won’t reduce price below the 250 Naira/liter.

It’s right time to get subsidy off our back. Such funds can be channeled towards into other befitting economic courses.

And you believe a sitting Nigerian government when they tell you that they want to channel funds. Bro, they would loot the funds. This is Nigeria.

Jonathan removed fuel subsidy partially, what Happened to the funds, we started hearing subsidy scam.

Same happened under Buhari. Oil theft.

I can't trust any sitting government to keep their promise.

Aklee4994:
it’s already been removed my the pass administration just that the new administration just announced it yesterday..removing it to move along with Buhari administration is best

Removing it is the best thing. A week or two to set up monitoring of stations that don't comply should be the best.

The current PMS has already been subsidised. Who's deceiving who?

zinaunreal:
If they stop stealing our money there is no need to remove subsidy. Must the masses suffer for everything?

Why are our refineries not working in the first place?

Me and you know that removal of fuel subsidy came With a funds looting agenda not the wellbeing of Nigerians. Which programs? Programs that they will announce on tv and later sit on the funds? Abegi.

Naija na scam

HacheNoire:
It’s a sacrifice we must all make. No going back!

The amount that has been siphoned through that program is enormous.

What should be on the table is the how funds will be channeled into programs and infrastructures that will cushion effect.

HacheNoire you are right on that but 250? That's way too cheap. By my olodo calculations, we are looking at about 550-700 price range.

tsdarkside:
i even think if all refineries were workin at full capacity it would still not be enough....
and dont forget surroundin countries that depend on the nigerian market....
their presidents were even at the commisionin of dangote refinery....

You are still thinking?

The owner of the refinery and everybody who knows anything about the sector tells you that Dngote refinery alone is able to meet Nigeria's production and export.

But you are here still thinking it won't be enough.

Then PH refinery is supposed to come on stream. Then Bua is building one in Akw Ibom, but yet you still think that it won't be enough?

mikeapollo:
And how much is the minimum wage in Saudi Arabia? Do you use only half of your brain to think?

Because you not thinking!

Subsidy is not sustainable and a big financial burden on the government.

Proceeds from removal can be used to increase minimum wage, which is even a direct investment into the workforce. Not just some few people reaping off the nation in the name of subsidy.

Power should be sorted first before subsidy removal, My business runs on fuel as there's barely power on the Sangotedo/Abijo axis.

dfrost:
HacheNoire you are right on that but 250? That's way too cheap. By my olodo calculations, we are looking at about 550-700 price range.

It can go as high that. But over years, the market will become competitive and prices will drop.

ParrotGirls360:
Me and you know that removal of fuel subsidy came With a funds looting agenda not the wellbeing of Nigerians. Which programs? Programs that they will announce on tv and later sit on the funds? Abegi.

Naija na scam

True! I cannot attest for any politician.

dfrost:
HacheNoire you are right on that but 250? That's way too cheap. By my olodo calculations, we are looking at about 550-700 price range.

Indeed, going by the price of diesel. In most countries I've been to, diesel has like a 10 to 20% premium over petrol. So if diesel is now N630, fully deregulated petrol would be circa N550.

If Dangote refinery comes on steam, maybe due to economies of scale and not needing to pay for shipping, we might get N500

I'm the picture below taken in Texas a few days ago, the red is petrol and the green is diesel. The diesel is $3.22

HacheNoire:
It can go as high that. But over years, the market will become competitive and prices will drop.

I don't expect a healthy competition. Our refineries aren't working. Don't know the plans we have for them.

I think metro lines should flood states now to regulate transportation, because government can't regulate the pump prices.

Nazgul:
And you believe a sitting Nigerian when they tell you that they want to channel funds. Bro, they would loot the funds. This is Nigeria.

Jonathan removed fuel subsidy partially, what Happened to the funds, we started hearing subsidy scam.

Same happened under Buhari. Oil theft.

I can't trust any sitting government to keep their promise.

At some point, you are right. I did not put that into consideration.

COMPAQ:
Indeed, going by the price of diesel. In most countries I've been to, diesel has like a 10 to 20% premium over petrol. So if diesel is now N630, fully deregulated petrol would be circa N550.

If Dangote refinery comes on steam, maybe due to economies of scale and not needing to pay for shipping, we might get N500

Exactly. Your head is well-oiled. But factor in our selfish side, and add another 100 to it 🤣😝

HacheNoire:
It’s a sacrifice we must all make. No going back!

The amount that has been siphoned through that program is enormous.

What should be on the table is the how funds will be channeled into programs and infrastructures that will cushion effect.

Diesel an keresone that have been removed,abeg wetin them use the funds for there do?

Wetin?

Btw,I thought subsidy was a scam or something before now?so why is it now no longer a scam?

E fe laa

Dey play..

HacheNoire:
It’s a sacrifice we must all make. No going back!

The amount that has been siphoned through that program is enormous.

What should be on the table is the how funds will be channeled into programs and infrastructures that will cushion effect.

but why are marketers supporting this ? It's like they will profit one way or the other

HacheNoire:
At some point, you are right. I did not put that into consideration.

Baba dey calm down. Years of mistrust has caused a lot of paranoid behavior from Nigerians.

Some of us hold this mulla, some no deybeven see to chop for breakfast not to talk of a whole day.

I don't put down any argument any one brings forward. E no easy. Nigerians don see shege over the years.

Psady:
Any policy meant for the good of the masses is a welcome idea, if we like let's keep suffering ourselves by inflating the prices of goods and commodities for our selfish interest.This new government is here to work,before a new elected official will implement a policy on assumption of office,it's crystal clear he has a clear study of the good impacts on the nation.lets not be confused by these naysayers,they will keep painting it so bad to undermean this new government but we know their plan, their wailing has only been geared up .
President Tinubu is here to serve us all,and we will see the good results in no later .

you done start,dat is what you said during buhari,later later,na later we go chop.

Zionmdde:
And how many times has this kind of thing passed?


Subsidy removal without dangote refinery or any national refinery producing is disastrous

Anyway I heard that apc supporters will still be buying at 189. Just come with ur brooms.

I dey tell you 🤣

I guess the problem is will Dangote enter the market at the subsidized price, and who pays the differential when there is no subsidy in the budget?

Those are the hard questions I think.

Zionmdde:
And how many times has this kind of thing passed?


Subsidy removal without dangote refinery or any national refinery producing is disastrous

Anyway I heard that apc supporters will still be buying at 189. Just come with ur brooms.

Removal of subsidy is the best decision in decades in this country.

HacheNoire:
Price per liter in Saudi Arabia is $0.62/liter. Are we paying that much in Nigeria? That’s what subsidy has been cushioning.

It’s time we step up!

You smoke loud?

Does the dollar have the same value with naira and saudi riyals

Quit smoking bro

HacheNoire:
It’s a sacrifice we must all make. No going back!

The amount that has been siphoned through that program is enormous.

What should be on the table is the how funds will be channeled into programs and infrastructures that will cushion effect.

Really?
What of the amount that has been siphoned through other means that has no direct benefit to the Masses?

Why discard a product because of a correctable defect ?

So the can't manage it?
The corruption can't be stopped?

The fuel prices will level down soon.
As everyone can bring in his fuel and sell.

Ur bro dey work deir

eliyke:
Refinery wey Neva ready wey buhari run go commission,my brother wey dey wrk Dere say,e no sure say dat thing go even wrk dis year

crismark:
You smoke loud?

Does the dollar have the same value with naira and saudi riyals

Quit smoking bro

Smh…..

Someone like you asked that question, refer to my response.

jagaBandit in Aboki voice,is in Fawa! una bgo go wii

HacheNoire:
Price per liter in Saudi Arabia is $0.62/liter. Are we paying that much in Nigeria? That’s what subsidy has been cushioning.

It’s time we step up!

Why do u people always compare oir prices to other countries own?
So because saudis pay $0.62 for their own we should pay $2?
When we say aedc is hiking price, you'll say our electricity tarriff is the lowest in the world. Don't you even feel sorry for yourself if you dont feel sorry for other Nigerians?

DaTruths:
IPOB Zombidiots will suffer, fuel will sell above 500 naira per liter.


And Tinubu will provide sectional subsidy for We Yorubas, we won't buy it beyond 170 per liter.

if foolish is a person

Please I won't let ignorance kill me

What is removal of subsidy?

Is there any advantage on removal of fuel subsidy?

Please I need someone to enlighten me

Do apc supporters buy at a cheaper price? If not. their suffering has just started times 100.