₦airaland Forum

BlueRayDick:
No dey follow mouth ! *Ẹ má tẹle ẹnu *

Raumdeuter was once anti-subsidy removal ; most of the things we argue today as reason for opposing sudden removal , he argued in its favor 11-12 years ago.

Egbon Raumdeuter like most of us today argued about removing subsidy when government agencies don’t even agree on our petroleum consumption figures , he opposed the idea of buying fuel same as developed countries , he even made an economically reasonable decision of critiquing the idea of not paying Nigerians the wage of Americans and expecting them to have the same purchasing powe of Americans .

Before u start saying our opposition of the subsidy removal this time and the way and manner it was announced ; was borne out of our “hate” for Nigeria or Peter Obi’s loss of the election, take a time to reflect on whether most of what egbon raised in these attached have been resolved today.

Do we need to applaud Tinubu for doing exact same thing Jonathan did and was kicked out ?

I am personally not happy about removal of subsidy or underrecovery as they call it as it will lead to a higher cost of living across the board.

However, if the govt is committed to removing the subsidy, this issue of panic buying, hoarding and raising of the price will inevitably follow any announcement.

If the announcement was made in June, we would still have this exact same scenario. If the government defers till January and then announces in January, we will still go through the same transition pains.

Ibime:
If Tinubu is serious about ending subsidy, he cannot and should not mince words

Backtracking or sounding unsure will make importers pause importing, leading to more scarcity

Who will import without subsidy knowing the President could change his mind

Imagine importing at a price that is profitable only when retailed at N500, only to bring fuel on the market and everyone is selling at N200 because they bought later when President changed his mind and gave them subsidy payment. You will make a big loss.

You will rather not import, but wait it out to see the Presidents reaction. This will lead to scarcity

Policy changes must be decisive with no grey areas or counter messaging. Govts in UK fall within days because of policy reversals. See Liz Truss for example

The Irony is that most of the major marketers who are often demonised have wanted subsidy gone since the 2000s. some have made long term investments to reduce their landing costs. If we have true deregulation [ i am not sure this will happen - because diesel is clearly still regulated] a lot of mushroom filling stations will not exist, because They will not be able to compete on price. Large tank farms and associated infrastructure means a major marketer can buy in large volumes at a discount, sell at discount and undercut competition.

BlueRayDick:
No dey follow mouth ! *Ẹ má tẹle ẹnu *

Raumdeuter was once anti-subsidy removal ; most of the things we argue today as reason for opposing sudden removal , he argued in its favor 11-12 years ago.

Egbon Raumdeuter like most of us today argued about removing subsidy when government agencies don’t even agree on our petroleum consumption figures , he opposed the idea of buying fuel same as developed countries , he even made an economically reasonable decision of critiquing the idea of not paying Nigerians the wage of Americans and expecting them to have the same purchasing powe of Americans .

Before u start saying our opposition of the subsidy removal this time and the way and manner it was announced ; was borne out of our “hate” for Nigeria or Peter Obi’s loss of the election, take a time to reflect on whether most of what egbon raised in these attached have been resolved today.

Do we need to applaud Tinubu for doing exact same thing Jonathan did and was kicked out ?

See life

GloriousGbola:
I am personally not happy about removal of subsidy or underrecovery as they call it as it will lead to a higher cost of living across the board.

However, if the govt is committed to removing the subsidy, this issue of panic buying, hoarding and raising of the price will inevitably follow any announcement.

If the announcement was made in June, we would still have this exact same scenario. If the government defers till January and then announces in January, we will still go through the same transition pains.



The Irony is that most of the major marketers who are often demonised have wanted subsidy gone since the 2000s. some have made long term investments to reduce their landing costs. If we have true deregulation [ i am not sure this will happen - because diesel is clearly still regulated] a lot of mushroom filling stations will not exist, because They will not be able to compete on price. Large tank farms and associated infrastructure means a major marketer can buy in large volumes at a discount, sell at discount and undercut competition.

We are all in for the best of the country irrespective personal beef for the presidency who doesn't knows whether the"beefer" exists.

We don't trust the gov with money (history has taught us),Also there is no other thong the masses enjoys in the country except the cheap fuel wch in all honesty is the epicentre of our livelihood.

Removing subsidy at once without any form of alleviation or sense of trust will definitely not go well..

Marketers are in for biz and their aim is to make the best of profit...

Dangote's can actually act as palliatives if d President can relate with him.ie giving him crude at a discounted price.......

Balogunodua:
Hw meni pipu dey weep exactly?

Where I dey f4 here nobodi dey weep oo

3rd day in office........Road block as a result of queue

monerozi5590:
I strongly disagree with this your figure. I don't know what you meant by cronies but most petrol stations and hotels are owned by business men.

Lol. It's a statement of fact and is not even up for debate.

BlueRayDick:
No dey follow mouth ! *Ẹ má tẹle ẹnu *

Raumdeuter was once anti-subsidy removal ; most of the things we argue today as reason for opposing sudden removal , he argued in its favor 11-12 years ago.

Egbon Raumdeuter like most of us today argued about removing subsidy when government agencies don’t even agree on our petroleum consumption figures , he opposed the idea of buying fuel same as developed countries , he even made an economically reasonable decision of critiquing the idea of not paying Nigerians the wage of Americans and expecting them to have the same purchasing powe of Americans .

Before u start saying our opposition of the subsidy removal this time and the way and manner it was announced ; was borne out of our “hate” for Nigeria or Peter Obi’s loss of the election, take a time to reflect on whether most of what egbon raised in these attached have been resolved today.

Do we need to applaud Tinubu for doing exact same thing Jonathan did and was kicked out ?

Interesting. There is no position egbon cannot defend.

monerozi5590:
That's what he did na,.

He made an ambiguous statement that can easily be interpreted in the way it was eventually interpreted by the consumers and sellers.

Segedinho:
None of Total,oando,Mobil and other major marketers are selling.....


I wonder how he is going to revoke their licences......


I am still waiting for the palliatives atleast b4 the end of d month when they believe the no-subsidy sags will commence....


Cos,according to our comrades,we are paying #600 for subsidised fuel even in d eyes of our presido

Lol..Bro,you dey await palliatives abi make we brace up to pay more taxes,levies,charges to boost IGR numbers.

Tinubunomics is all about obsession with IGR(LIRS,LASTMA,LASAA,LAWMA etc,dey get target amount of revenue to generate for LASG and Lagos local government.

Fear no go ever make them open their books for transperancy so we can relate the IGR to the development of Lagos but they can celebrate IGR numbers in Alausa/Marina pass people wey win World cup.

Balogunodua:
Why did you tag Ekiti a dead place?

An Agro cargo airport for a state whose economy is base on Agriculture is not bad na...

Lol. Because it is


If you throw stone from my mama village it will land in Ekiti. Na dead place. I know it well

SouthAfrica/Africa will wholesomely welcome Putin to the continent

I love this interview and everything innit


https://www.youtube.com/watch?v=EP9l-aPK4P0

Itsrm:
Lol. It's a statement of fact and is not even up for debate.

Bring fact that politicians owns most of our petrol stations. Let's even start with the popular ones

hopefulLandlord:
He made an ambiguous statement that can easily be interpreted in the way it was eventually interpreted by the consumers and sellers.

Nope. He made reference to the 2023 budget that it didn't cover for subsidy beyond June and so subsidy is gone.

iamoyindamola:
You they mind them even larride agreed it’s just too soon.
No be by posting circular way no hold water and they use us catch cruise because he’s not directly affected

Me I'm totally pro subsidy.

I'm hearing that the NNPC station in PH that used to sell at 189 even during the last scarcity has now changed their price to 511 naira per litre.

If this is true then I have reasons to believe that this is no longer about greedy petrol station owners.

monerozi5590:
Bring fact that politicians owns most of our petrol stations. Let's even start with the popular ones

I didn't say they are owned by politicians. At least understand what you're trying to argue against.

Itsrm:
I'm hearing that the NNPC station in PH that used to sell at 189 even during the last scarcity has now changed their price to 511 naira per litre.

If this is true then I have reasons to believe that this is no longer about greedy petrol station owners.

This is what they sent me this morning. ...yet to verify it though

NNPC mega filling station .Edo state

Segedinho:
This is what they sent me this morning. ...yet to verify it though

NNPC mega filling station .Edo state

So it's likely true. Wahala dey o

Segedinho:
This is what they sent me this morning. ...yet to verify it though

NNPC mega filling station .Edo state

good

Itsrm:
I didn't say they are owned by politicians. At least understand what you're trying to argue against.

And I said I don't know what you meant by cronies but the figure is not correct. If by cronies you meant being friends with politicians then does it change anything. Most top business men will always be friends with the government if not for anything but for the sake of their businesses.

This is what I mean by there will be gnashing of teeth s

Now let the strong choke the weak

https://www.nairaland.com/7709750/nnpc-pump-price-port-harcourt-today

Before we forget....

What is the website for our Airlines....infact where are they

Who are we to believe

Buhari or Tinubu speech on Subsidy...

And what happened to the remaining subsidy fund allocated to the end of the month??

. so i made some calls. removal of subsidy is official. price of PMS will vary according to region/location. price in lagos is n488 . it is over n500 in abuja.

the logic of raising prices right now is as follows - from june, ex depot price of pms will also go up. that means that the station dealers [the last link in the chain] will have to raise capital to buy at the new rates or go out of business. the price of a truck of pms will more than double.

it now remains to be seen if we will have true deregulation or status quo will remain

right now only nnpc is officially bringing in product.

here we go

Greedy Nigerians Nnpc are hoarding and increasing fuel after collecting subsidy

Benin and pH is correct,let me check for Lagos and Ogun to confirm this screenshot

Amigoss:
Greedy Nigerians Nnpc are hoarding and increasing fuel after collecting subsidy

Benin and pH is correct,let me check for Lagos and Ogun to confirm this screenshot

Wetin happen to d money wey Buhari pay for June ending

GloriousGbola:
. so i made some calls. removal of subsidy is official. price of PMS will vary according to region/location. price in lagos is n488 . it is over n500 in abuja.

the logic of raising prices right now is as follows - from june, ex depot price of pms will also go up. that means that the station dealers [the last link in the chain] will have to raise capital to buy at the new rates or go out of business. the price of a truck of pms will more than double.

it now remains to be seen if we will have true deregulation or status quo will remain

right now only nnpc is officially bringing in product.

here we go

The effect of these will kick off next week

Amigoss:
Greedy Nigerians Nnpc are hoarding and increasing fuel after collecting subsidy

Benin and pH is correct,let me check for Lagos and Ogun to confirm this screenshot

we must bow for the result

Tinubu backtracked

Tinubu only reiterated what Buhari said.

Marketers are the demons we have.

Buhari paid till June ending


Can someone explain wharrisgoin-on?

BlueRayDick:
No dey follow mouth ! *Ẹ má tẹle ẹnu *

Raumdeuter was once anti-subsidy removal ; most of the things we argue today as reason for opposing sudden removal , he argued in its favor 11-12 years ago.

Egbon Raumdeuter like most of us today argued about removing subsidy when government agencies don’t even agree on our petroleum consumption figures , he opposed the idea of buying fuel same as developed countries , he even made an economically reasonable decision of critiquing the idea of not paying Nigerians the wage of Americans and expecting them to have the same purchasing powe of Americans .

Before u start saying our opposition of the subsidy removal this time and the way and manner it was announced ; was borne out of our “hate” for Nigeria or Peter Obi’s loss of the election, take a time to reflect on whether most of what egbon raised in these attached have been resolved today.

Do we need to applaud Tinubu for doing exact same thing Jonathan did and was kicked out ?

Omor, haven't seen a more convincing argument against subsidy removal

GloriousGbola:
. so i made some calls. removal of subsidy is official. price of PMS will vary according to region/location. price in lagos is n488 . it is over n500 in abuja.

the logic of raising prices right now is as follows - from june, ex depot price of pms will also go up. that means that the station dealers [the last link in the chain] will have to raise capital to buy at the new rates or go out of business. the price of a truck of pms will more than double.

it now remains to be seen if we will have true deregulation or status quo will remain

right now only nnpc is officially bringing in product.

here we go

💯💯

All man must to adjust to his way of living

Theflint1:
Omor, haven't seen a more convincing argument against subsidy removal

He’s a very intelligent man .