Nnpc can set it own price but not wen subsidy is till on the current petrol till the end of june

Raheeqilmaktoom:


I need to understand what Mr. Falana is saying here.

Is it that NNPC can't fix price for other players or what?

A limited Liability company has every right to set for itself the price at which to trade it's products, peak Milk can decide to increase the price of it's products tomorrow, it's another thing if people will still buy.

udemzyudex:


Rebuilding the country with illegality?

Most developed countries were rebuilt with illegality. Today, you can’t make video call in Dubai. Why, cause video call from apps like WhatsApp is reducing their income.

Even Switzerland today does not fight corruption like we do in Nigeria. Most European country even provide safe haven for corrupt people to keep their loot with them. We must do whatever it takes to make our country become jewel to other countries.

Raheeqilmaktoom:


I need to understand what Mr. Falana is saying here.

Is it that NNPC can't fix price for other players or what?

A limited Liability company has every right to set for itself the price at which to trade it's products, peak Milk can decide to increase the price of it's products tomorrow, it's another thing if people will still buy.

But that's not what NNPCCL has done, which was what Falana is challenging. They have set the benchmark price for all sales of PMS.

More like peak milk claiming all evaporated milk will now be 300/tin. 🥺

Dangote is responsible for the removal of fuel subsidy

Gajagojo:


What difference will working refineries make to price?How exactly will that make it cheaper?
Dangote's refinery cost $20billion last year we spent $10billion on subsidy.
Government cannot manage refineries that is why they are not working.So that is a false condition.
One thing many of you forget is Dangote refinery is in a Free Trade Zone

He is not obliged to sell his product to Nigeria or at a cheaper rate

The real issue is our citizens need to get rid of a sense of entitlement.

Oga, if we have functional refineries all these years,we would be talking about oil subsidy and it's removal. It is a shame that our past governments didn't do anything to fix our refineries. Obj understood it that government can't run refineries so he sold the refineries to private individuals but next government revoked licenses given to them. I agree that Nigeria government can't run our refineries so Jagaban should sell them to private business men. You don't comprehend my point, we can't be importing the product and removal subsidy, our people will suffer more. Definitely, oil subsidy will go pretty soon but not now

BTCJagaban:
Sir, this is not about law. It’s about rebuilding this country and rewriting the wrongs. With honor sir, should we continue the fuel subsidy?

All elder statemen in Nigeria should come together on this issue. It’s not about Tinubu or APC. It’s about our country and what’s pulling us back.

I think you are educated enough to understand what Falana is saying here. He did not again the action of Government to remove the subsidy but for the NNPC to be determined the price product. The reality of the price is 430 not 488 to 560 as NNPC fix it. And this is going to be reviewed.

Raheeqilmaktoom:


I need to understand what Mr. Falana is saying here.

Is it that NNPC can't fix price for other players or what?

A limited Liability company has every right to set for itself the price at which to trade it's products, peak Milk can decide to increase the price of it's products tomorrow, it's another thing if people will still buy.

So NNPC can just increase pump price to #1200 and the government shouldn't interfere because NNPCL dey private now.

Haha now.

It would get worst if subsidy is not removed. The government would not be able to pay salary such that there would not be money to buy anything including food talk less of petrol. The situation is really dare.

With removal of subsidy there is more money going to state and federal and they then have opportunity to improve transportation for their people amongst other infrastructural developments.

Gajagojo:


What difference will working refineries make to price?How exactly will that make it cheaper?
Dangote's refinery cost $20billion last year we spent $10billion on subsidy.
Government cannot manage refineries that is why they are not working.So that is a false condition.
One thing many of you forget is Dangote refinery is in a Free Trade Zone

He is not obliged to sell his product to Nigeria or at a cheaper rate

The real issue is our citizens need to get rid of a sense of entitlement.

It turns my stomach when I hear people say the bolded. Who owns Saudi Aramco? Spirits? Are you aware that it is one of the laragest companies in the world and that it has repeatedly achieved the largest annual profits in the corporate world in recent years?

Our problem is that our governments over the years have persistently lacked the will to do the right things. They instead find a way to shift that responsibility to us. We always have to pay for their ineptitude and we never have anything to show for it.

They took subsidy away from AGO, DPK and power with nothing to show for it. They've done same with PMS now and I'm not going to hinge my hopes on them for the sake of my sanity.

Jagabanarmy:

Oga, if we have functional refineries all these years,we would be talking about oil subsidy and it's removal. It is a shame that our past governments didn't do anything to fix our refineries. Obj understood it that government can't run refineries so he sold the refineries to private individuals but next government revoked licenses given to them. I agree that Nigeria government can't run our refineries so Jagaban should sell them to private business men. You don't comprehend my point, we can't be importing the product and removal subsidy, our people will suffer more. Definitely, oil subsidy will go pretty soon but not now

We have always had subsidy
You are mixing issues

Nothing to do with functional refineries

We had functional refineries in the past

The issue is that with population and corruption the subsidy budget has grown to the point where it is nearly half of National budget
In the past when Buhari was military Minister of petroleum out refineries worked and they were being given a set amount of crude oil at subsidised price.
That still had a cost because the oil major like Mobil would still demand to be paid their share


We used to be 60 million today we are 200 million and there is leakage to neighbouring cooperate refineries. That is why they don't work
It is business and gove
Government cannot operate refineries

gabbytabby:
It would get worst if subsidy is not removed. The government would not be able to pay salary such that there would not be money to buy anything including food talk less of petrol. The situation is really dare.

With removal of subsidy there is more money going to state and federal and they then have opportunity to improve transportation for their people amongst other infrastructural developments.

They said exactly the same thing when they removed subsidy from AGO, DPK and most recently, power. I will not insult you by asking what the power situation in your area is like.

Jagabanarmy:

Oga, if we have functional refineries all these years,we would be talking about oil subsidy and it's removal. It is a shame that our past governments didn't do anything to fix our refineries. Obj understood it that government can't run refineries so he sold the refineries to private individuals but next government revoked licenses given to them. I agree that Nigeria government can't run our refineries so Jagaban should sell them to private business men. You don't comprehend my point, we can't be importing the product and removal subsidy, our people will suffer more. Definitely, oil subsidy will go pretty soon but not now

It's is believed that any government which build a refinery for the betterment of the country and not for curruption or capitalism purposes will be hunted down by the colonial masters.

Thats why every president before now cannot touch those refineries.

Bringing the refineries back to life will expose the actual cost to produce a litre of pms in Nigeria.

Don't be surprised pms can actually sell for #100 per litre .

emorse:

It turns my stomach when I hear people say the bolded. Who owns Saudi Aramco? Spirits? Are you aware that it is one of the laragest companies in the world and that it has repeatedly achieved the largest annual profits in the corporate world in recent years?

Our problem is that our governments over the years have persistently lacked the will to do the right things. They instead find a way to shift that responsibility to us. We always have to pay for their ineptitude and we never have anything to show for it.

They took subsidy away from AGO, DPK and power with nothing to show for it. They've done same with PMS now and I'm not going to hinge my hopes on them for the sake of my sanity.

It can turn your stomach for ever

I am.talking about Nigerians

We cannot operate business by government
We have carcasses of Government business all over the place.
From.Nigeria Airways to NEPA.

When you appoint a board people start checking his religion and state of origin and talking of nepotism
Two things about Aramco
How many ethnic groups are in Saudi
When did it list on the market?

It is a new listing and it's history is not as sterling as you want to believe.
It has a corrupt
and dirty past just That it has had 5 times more oil and not as many mouths to feed.
Saudi government means Saudi Royal family.
They are a tiny group of people not accountable to the people
That Is the reality TODAY
That will you mention does it happen by wishful thinking
We have peculiarities in NIgeria that mean we cannot operate business at the Federal government level
State government maybe but federal it won't work

TOMMYS:



It's is believed that any government which build a refinery for the betterment of the country and not for curruption or capitalism purposes will be hunted down by the colonial masters.

Thats why every president before now cannot touch those refineries.

Bringing the refineries back to life will expose the actual cost to produce a litre of pms in Nigeria.

Don't be surprised pms can actually sell for #100 per litre .

Maybe . It is a shame that an oil producing country will be importing fuel from abroad. Bad leaders are killing this country.

It is not NNPC’s decision to increase pump price.

Segzy19:
Guy, death isn't the only way out.
You are the same person who commented that you were dying yesterday, and I responded to your comment.

Please stay positive in your mind. Don't lose hope..
Death (Suicide or doing something irrational) isn't the way out.
Reach out to friends, family, colleagues, mates in neighborhood, church members or mosque members or even a stranger.... Don't stay in isolation and be hopeless.... You won't die!
You will survive and live to do well.

Don't wish for death, please ...

I appreciate you so much Sir. Thanks a lot. Will remain positive. Thanks once more

Vinnie2000:


NNPC are working with APC and Dangote to Milk this Country and Nigerians Dry! :

How can Dangote launch his Refinery and within 2,3 Days, Tinubu announces Removal of subsidy?😒

It will NEVER be well with APC and even Dangote! 😕

Baba and looters no send if Nigerian burnt 🔥🥵

Vinnie2000:


NNPC are working with APC and Dangote to Milk this Country and Nigerians Dry! :

How can Dangote launch his Refinery and within 2,3 Days, Tinubu announces Removal of subsidy?😒

It will NEVER be well with APC and even Dangote! 😕

You said it all.

If they are honest, they should have waited for Dangote to start production, know how much he is ready to sell the final product based on the cost of production before fixing the price.

Now they are using foreign price to determine subsidy rate for a local refinery.

They own shares in Dangote refinery and want to milk Nigeria.

It should be resisted.

Warri and Port Harcourt boys will refine petroleum products for much less.

Our leaders are criminals. What do we expect when they forced a criminal on us.

Gajagojo:


It can turn your stomach for ever

I am.talking about Nigerians

We cannot operate business by government

That Is the reality TODAY
That will you mention does it happen by wishful thinking
We have peculiarities in NIgeria that mean we cannot operate business at the Federal government level
[b]State government maybe[b] but federal it won't work

Let me ask you a quick question bro. Let's assume that a community is experiencing a surge in the number of rape cases. What would you advice should be done? Is it:
1. Compel the females in the community to put on more (or bigger) clothes or even advise them to always remain indoors. Or
2. Find the rapists and make examples of them.

I would go with 2 because you don't expect a change in idea where there are no consequences for actions. That thing you call peculiarities is simply our penchant for unaccountability. Too many people go scot-free after perpetrating their evil acts so there is nothing to discourage others. Even private businesses cannot survive under such conditions and that's what has been bedevilling our government corporations. The solution is simply to find the saboteurs and make examples of them.

Nigerians as just as good or bad as anyone fro any part of the world. No peculiarities whatsoever. We have just chosen to showcase our "bad" side more often.

They said the exact same thing that government (at all levels) cannot manage businesses until a few state governments started acting to the contrary and making profits doing so. Whatever worked for those few states will also work at the federal level.

emorse:

Let me ask you a quick question bro. Let's assume that a community is experiencing a surge in the number of rape cases. What would you advice should be done? Is it:
1. Compel the females in the community to put on more (or bigger) clothes or even advise them to always remain indoors. Or
2. Find the rapists and make examples of them.

I would go with 2 because you don't expect a change in idea where there are no consequences for actions. That thing you call peculiarities is simply our penchant for unaccountability. Too many people go scot-free after perpetrating their evil acts so there is nothing to discourage others. Even private businesses cannot survive under such conditions and that's what has been bedevilling our government corporations. The solution is simply to find the saboteurs and make examples of them.

Nigerians as just as good or bad as anyone fro any part of the world. No peculiarities whatsoever. We have just chosen to showcase our "bad" side more often.

They said the exact same thing that government (at all levels) cannot manage businesses until a few state governments started acting to the contrary and making profits doing so. Whatever worked for those few states will also work at the federal level.

I do not relate to your proverb
Make your point in simple Eng lish

Ismael97:



Do you know what the ordinary Nigerian is going through now?
Nigerian govt is corrupt and irresponsible and cannot account for the proceeds from the removal of fuel subsidy. They will loot and reloot the money

Well, one thing you guys should know is that the days of cheap fuel are over. One way or the other, subsidy is gone!

Gajagojo:

I do not relate to your proverb
Make your point in simple Eng lish

No proverbs. Just an example. And I explained afterwards.

1. When governments fail, they tend to shift the blame and responsibility to the masses.

2. With accountability, governments can actually manage businesses.

3. It doesn't take much to ensure accountability. Simply make examples of offenders when caught.

emorse:

No proverbs. Just an example. And I explained afterwards.

1. When governments fail, they tend to shift the blame and responsibility to the masses.

2. With accountability, governments can actually manage businesses.

I am a realist
I do not deal in fantasy

The 2023 reality
Is that government cannot run refineries in Nigeria
With accountability?
Is that something that will fall from the sky?

BTCJagaban:
Sir, this is not about law. It’s about rebuilding this country and rewriting the wrongs. With honor sir, should we continue the fuel subsidy?

All elder statemen in Nigeria should come together on this issue. It’s not about Tinubu or APC. It’s about our country and what’s pulling us back.

how can 8 years of APC in power in nigeria we have no single refinery working & they still remove subsidy, they ban foreign rice because we cultivate rice

Gajagojo:

I am a realist
I do not deal in fantasy

The 2023 reality
Is that government cannot run refineries in Nigeria
With accountability?
Is that something that will fall from the sky?

Let's deal with this reality then. How has privatisation and removal of government subsidy helped in the power sector?

Gajagojo:

I am a realist
I do not deal in fantasy

The 2023 reality
Is that government cannot run refineries in Nigeria
With accountability?
Is that something that will fall from the sky?

Nope. Accountability will not fall from the sky. It will be ensured by any serious government using any means necessary.

BTCJagaban:
Sir, this is not about law. It’s about rebuilding this country and rewriting the wrongs. With honor sir, should we continue the fuel subsidy?

All elder statemen in Nigeria should come together on this issue. It’s not about Tinubu or APC. It’s about our country and what’s pulling us back.

What has removal of fuel subsidy got to do with rebuilding this country? Without removing subsidy, can the country not be rebuilt?

If you saying the country is being rebuilt, what is it being rebuilt from?

Which wrongs are being rewritten?

bjtinz:


But that's not what NNPCCL has done, which was what Falana is challenging. They have set the benchmark price for all sales of PMS.

More like peak milk claiming all evaporated milk will now be 300/tin. 🥺

They set the price for NNPC stations and businesses, other marketers can sell at N100 or N600.

With all due respect to Barr. Falana opinion on subsidy. This is not the time for playing activitism or counter government decision. It's all about reality. Go to develop countries and convert the price of petrol to naira and see. Government is simply saying they don't have the power to subside the price anymore. We must all come to reality. If the labour like they should embark on strike or whatever I can assure you the price will not be reversed. Tinubu will not continue the borrowing besides not all the time you apply for loan it's been granted. Though I know it's very hard on us Nigerians especially because of the minimum wage, government must do something I support that, to enable citizens to have the purchasing capacity. We cannot keep subsidizing the product for all west African countries. No we won't. Welcome to reality my fellow Nigerians

Showpatos:
Nnpc can set it own price but not wen subsidy is till on the current petrol till the end of june

There's a lot which isn't in the public domain, PIA recommends subsidy to last NOT LATER THAN 18 months after the act comes into force, the current year's budget on the other hand captures subsidy till July, FG can decide to do away with it before the July date without contravening any law.

emorse:

Let's deal with this reality then. How has privatisation and removal of government subsidy helped in the power sector?

Privatisation is not the corollary to government not being in business so you are confusing yourself

Dangote refinery was built from scratch. Not by privatisation of an existing facility
The power sector is not just about generation
There is transmission too.
So the constitutional framework needed to open the space
Thankfully that has now happened and state governments can now do their thing

So you are not comparing like with like
The issue is to make the space attractive to investors and we have seen that with the Deep sea port Lekkiand Dangote refinery both de novo investments NOT privatised facilities
Opening transmission and more state government autonomy
Quite apart from that is the issue of attracting investment
Investors must believe the country is safe and they can get their money out.
No foreigner was going to have the kind of confidence in Nigeria that Dangote has so capital is a problem.
Also the CBN exchange rate policy.
So all round you do not understand the issues and are mixing them up