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FOREX Challenge Driving Petrol Price Towards N581 Per Litre - Politics (6) - Nairaland

Nairaland ForumNairaland GeneralPoliticsFOREX Challenge Driving Petrol Price Towards N581 Per Litre (14230 Views)

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Re: FOREX Challenge Driving Petrol Price Towards N581 Per Litre by Tonytonex(m): 4:15pm On Jun 27, 2023
So if the dollar drop let's say to #200 per dollar,
Will the price also reduce to like #200?
Re: FOREX Challenge Driving Petrol Price Towards N581 Per Litre by MT:
Kukutenla:
This is the first line of your link. Unfortunately, you failed to read. Typical of half-baked Nigerian graduates. NLC gave FG an advice. I expect you know an advice is not something you "fight fiercely" to have implemented. I have also noticed you have been calling NLC a pressure group. Your aim is to make NLC a strawman to cover incompetence and insincerity of your paymasters. NLC is a labour union whose mandate and responsibility is to workers. You should know the difference between that and a pressure group as you have been putting it.

You have descended to the US not fencing the entire border. You see how half smart you are now? There is over 900km of border wall in the US with other areas covered by sensors, cameras and drones, yet you are saying, at least they didn't build everything. Such a dumb riposte!!

You have now arrived at it is because of hate for Tinubu. Does my "hate" for Tinubu have any bearing on his ability to perform or otherwise?

Does my hate for him increase how much his policies affect me good or bad, or does your love for him reduce the effect of subsidy, electricity and forex on your pocket? Try and be rational na
This is culled from the NLC website (https://www.nlcng.org/aims-and-objectives-of-nlc/)

"The fundamental aims and objectives of the Congress are to protect, defend, and promote the rights, well being and the interests of all workers, pensioners, the trade unions and the working class in general; and also to promote and defend a Nigerian nation that would be just, democratic, transparent and prosperous through the attainment of the following objectives"

Can you now see your folly?

Also, read this excerpt from a scholarly article, culled from: https://unjpe.com/index.php/UNJPE/article/view/66

The first line reads..........................

" This paper presents a study of pressure group politics in Nigeria with a focus on the activities of the Nigeria Labour Congress (NLC) in the past eleven years."

So, show me an article that does not see NLC as a pressure group according to your warped sense of reasoning.

Regarding the US border, you expect Nigeria to be using drones, cameras etc to monitor her borders. Do you know how much US spends on all that and despite all their efforts, people still go in illegally. Can Nigeria afford it? Is your plan REALISTIC ?

I have your time to expose your shallow way of arguing. People that are poorly educated are the worst set of people to engage in an intellectual discourse indeed.
Re: FOREX Challenge Driving Petrol Price Towards N581 Per Litre by Deepthoughts: 5:32pm On Jun 27, 2023
dre11:
https://www.vanguardngr.com/2023/06/forex-challenge-driving-petrol-price-towards-n581-per-litre/#google_vignette
As long as naira continue to be unstable and if dangote doesn't come on stream soonest,we are in trouble.
Re: FOREX Challenge Driving Petrol Price Towards N581 Per Litre by AntiChristian: 5:52pm On Jun 27, 2023
lexy2014:
you depend on Allah here we are
Where are you? Are you dead?
Some of your mates are!
Many of your mate are below you!


you always have hope in what?
It will be better than before!
Re: FOREX Challenge Driving Petrol Price Towards N581 Per Litre by AntiChristian: 5:53pm On Jun 27, 2023
Kukutenla:
Feelings justified? Hmmmm. You really are lost in your own delusions
Yeah, rather than being lost in pessimism!
Re: FOREX Challenge Driving Petrol Price Towards N581 Per Litre by cvn22: 5:59pm On Jun 27, 2023
Flets:
For anyone that cares to know, fuel will sell above 1USD in the parallel market naira equivalent at every given time.

When the products ordered arrives, pms will sell for more than 750. Don’t argue….. just observe

Suffering Dey come
Why do you say this?
Re: FOREX Challenge Driving Petrol Price Towards N581 Per Litre by Kukutenla: 6:03pm On Jun 27, 2023
MT:
This is culled from the NLC website (https://www.nlcng.org/aims-and-objectives-of-nlc/)

"The fundamental aims and objectives of the Congress are to protect, defend, and promote the rights, well being and the interests of all workers, pensioners, the trade unions and the working class in general; and also to promote and defend a Nigerian nation that would be just, democratic, transparent and prosperous through the attainment of the following objectives"

Can you now see your folly?

Also, read this excerpt from a scholarly article, culled from: https://unjpe.com/index.php/UNJPE/article/view/66

The first line reads..........................

" This paper presents a study of pressure group politics in Nigeria with a focus on the activities of the Nigeria Labour Congress (NLC) in the past eleven years."

So, show me an article that does not see NLC as a pressure group according to your warped sense of reasoning.

I have your time to expose your shallow way of arguing. People that are poorly educated are the worst set of people to engage in an intellectual discourse indeed.
You are showing poor scholarly attributes by cherrypicking to suit your narrow and biased opinion. This is a wider copy of the aim and objectives from that same site.

“The
fundamental aims and objectives of the Congress are to protect, defend,
and promote the rights, well being and the interests of all workers,
pensioners, the trade unions and the working class in general; and also to
promote and defend a Nigerian nation that would be just, democratic,
transparent and prosperous through the attainment of the following objectives:

To promote, defend and advance the economic, political and social rights and
wellbeing of Nigerian workers and pensioners;
To continually enhance the quality of life and improve the income and other
working conditions of workers
To promote and sustain the unity of Nigerian Trade Unions, ensure total
unionization of all workers irrespective of their creed, state of origin,
gender and political beliefs;
To promote the existence of one trade union and/ or one federation of trade unions
in every industry; including the emergence of one central labour organization
in Nigeria;
To continually strive towards the attainment of gender equity and improvements in
the status and conditions of women in the world of work and society;
To work for the industrialization and prosperity of the Nigerian nation and ensure
protection of jobs, full employment and a humane working environment;
To continually struggle to influence public and corporate policies and legislation
on all issues at all levels, in the interest of workers, disadvantaged social
groups and trade unions;
Now, can you explain in what context "fighting fiercely" for cut in cost of governance falls in your bolded? The part i bolded is what can even be said to be close to something like cut in cost of governance and you can clearly see that the word "influence" is used, and even that must be within the purview of interest of workers and trade unions.

Go back and read what i wrote. I said you are painting NLC like a pressure group so you can dump the responsibility of ensuring govt cuts cost of governance on them while absolving the political leaders whose direct responsibility it is, and who have the powers to do so. You claimed if the president who has the powers to carry out such reforms attempts it, he'll be impeached but you want NLC, a worker's union to "fight fiercely" for it. Can you see your barefaced hypocrisy?

You claimed NLC have no business asking for minimum wage increase, one of its core mandates because of fear of inflation. But you think govt should float naira and remove subsidy without recourse to the inflationary result when it is govt's core mandate to curb inflation. Another hypocrisy.

Now let me ask you. If NLC were to take your advice to "fight fiercely" and call for an indefinite strike to press home their demands to get the govt to cut cost of running, would you hail them for being patriots or claim they are simply saboteurs and have no business with such requests? I hope you will find it in you to answer truthfully.

Like i said, NLC is strictly for advancement of workers' rights and interest not public policy formulation or implementation. There are CSOs who are involved in public policy and good governance as core areas of interest such as CSLAC, SERAP etc. You jumped on NLC because you know they pose the most potent threat to any failing and unpopular govt not because you really think they should be at the forefront of such demand. It's a strawman tactics employed by propagandists. And in this case, it is very lame.
Re: FOREX Challenge Driving Petrol Price Towards N581 Per Litre by Kukutenla: 6:12pm On Jun 27, 2023
AntiChristian:
Yeah, rather than being lost in pessimism!
Whether you are lost in pessimism or delusions makes no difference to your reality

If you can't afford basic food necessities, not being pessimistic won't fill your stomach
Re: FOREX Challenge Driving Petrol Price Towards N581 Per Litre by MT: 6:37pm On Jun 27, 2023
Kukutenla:
You are showing poor scholarly attributes by cherrypicking to suit your narrow and biased opinion. This is a wider copy of the aim and objectives from that same site.



Now, can you explain in what context "fighting fiercely" for cut in cost of governance falls in your bolded? The part i bolded is what can even be said to be close to something like cut in cost of governance and you can clearly see that the word "influence" is used, and even that must be within the purview of interest of workers and trade unions.

Go back and read what i wrote. I said you are painting NLC like a pressure group so you can dump the responsibility of ensuring govt cuts cost of governance on them while absolving the political leaders whose direct responsibility it is, and who have the powers to do so. You claimed if the president who has the powers to carry out such reforms attempts it, he'll be impeached but you want NLC, a worker's union to "fight fiercely" for it. Can you see your barefaced hypocrisy?

You claimed NLC have no business asking for minimum wage increase, one of its core mandates because of fear of inflation. But you think govt should float naira and remove subsidy without recourse to the inflationary result when it is govt's core mandate to curb inflation. Another hypocrisy.

Now let me ask you. If NLC were to take your advice to "fight fiercely" and call for an indefinite strike to press home their demands to get the govt to cut cost of running, would you hail them for being patriots or claim they are simply saboteurs and have no business with such requests? I hope you will find it in you to answer truthfully.

Like i said, NLC is strictly for advancement of workers' rights and interest not public policy formulation or implementation. There are CSOs who are involved in public policy and good governance as core areas of interest such as CSLAC, SERAP etc. You jumped on NLC because you know they pose the most potent threat to any failing and unpopular govt not because you really think they should be at the forefront of such demand. It's a strawman tactics employed by propagandists. And in this case, it is very lame.
Stop writing epistle in a need to be forcefully correct.

Why did NLC shut down the nation when MKO Abiola election was truncated? Did that has anything to do with worker's welfare. It was strictly democracy issue.

Why did NLC adopt Obi as the presidential candidate; did that have to do with worker's right.

You read it clearly on NLC website that apart from defending worker's rights, they "also promote and defend a Nigerian nation that would be just, democratic, transparent and prosperous", yet you still kept on ranting. You should know when to stop when you are wrong.

I didnt write that NLC did not have the power to fight for increment, I was just explaining to you that it will lead to inflation. You cant compare it to floating currency which will free more money for the Government. Tell me one advantage that increasing the salary of workers will have in Nigeria, apart from leading to inflation. Their purchasing power will also be eroded as the cost of things will rise. Value is stored in money, mister.

The moment you dragged Tinubu into the issue, I knew where you pitched your tent. You are an irredeemable cynic and you cant be pleased with this current administration. I repeat, Obi can do nothing in the state of this country if he is elected as the President. No shortcut. It will get worse before it can get better
.

Rest. You have a myopic view of events
Re: FOREX Challenge Driving Petrol Price Towards N581 Per Litre by lexy2014: 7:17pm On Jun 27, 2023
AntiChristian:
Where are you? Are you dead?
Some of your mates are!
Many of your mate are below you!
What has that got to do with the following....

you depend on Allah here we are

AntiChristian:
May Dangote refinery and others in the pipeline start soon to reduce the fluctuations even if a little!
Re: FOREX Challenge Driving Petrol Price Towards N581 Per Litre by lexy2014: 7:19pm On Jun 27, 2023
AntiChristian:
Where are you? Are you dead?
Some of your mates are!
Many of your mate are below you!




It will be better than before!
What do you hope in is different from what do you hope for.

This question "you always have hope in what?" Is same as asking "what do you hope in?"
Re: FOREX Challenge Driving Petrol Price Towards N581 Per Litre by Kukutenla: 8:39pm On Jun 27, 2023
MT:
Stop writing epistle in a need to be forcefully correct.

Why did NLC shut down the nation when MKO Abiola election was truncated? Did that has anything to do with worker's welfare. It was strictly democracy issue.

Why did NLC adopt Obi as the presidential candidate; did that have to do with worker's right.

You read it clearly on NLC website that apart from defending worker's rights, they "also promote and defend a Nigerian nation that would be just, democratic, transparent and prosperous", yet you still kept on ranting. You should know when to stop when you are wrong.

I didnt write that NLC did not have the power to fight for increment, I was just explaining to you that it will lead to inflation. You cant compare it to floating currency which will free more money for the Government. Tell me one advantage that increasing the salary of workers will have in Nigeria, apart from leading to inflation. Their purchasing power will also be eroded as the cost of things will rise. Value is stored in money, mister.

The moment you dragged Tinubu into the issue, I knew where you pitched your tent. You are an irredeemable cynic and you cant be pleased with this current administration. I repeat, Obi can do nothing in the state of this country if he is elected as the President. No shortcut. It will get worse before it can get better
.

Rest. You have a myopic view of events
Lol. Forcefully correct. Whatever that means.

NLC shut down the nation to protest against june 12? I'm not aware of that. Kindly share when that happened. What i know is that it was NANs that shut down the nation with some factions of Labour not NLC as a body. But you can prove me wrong though. Even at that, you can clearly see "promoting a Nigerian nation that is democratic" in NLC's mandate. So i wonder why it should surprise you if they fought for democracy.

NLC adopted Obi because he was running on the platform of their party. Labour party is owned by NLC in case you're not aware. It is the political wing of NLC. Mind you, even after that, NLC still met with all the other candidates so it's not as if they gave active support to Obi's campaign, yet, a lot of APC supporters attacked them for being allegedly partisan.

You read this part To continually struggle to influence public and corporate policies and legislation on all issues at all levels, in the interest of workers, disadvantaged social
groups and trade unions
which I explained to you was the corollary to that part you bolded but of course, you're not really good at comprehending. NLC can only strive to influence public policy not force it or "fiercely fight" for it. No matter how much you try to turn it round. NLC can't declare a strike to force govt to cut cost of governance.

And it's obvious you're very ignorant when you claim floating the naira will put more money in govt hands. How exactly will that happen? Yet you fail to realise wage review will put more money in worker's hands which will in turn increase their incentive to spend and thus increase economic activities down to the informal sector. When your currency is devalued, does it not lead to inflation and eroding of purchasing power of your currency? Or are you really this ignorant? Now that a dollar is 700naira, will the price of goods not rise? Is the electricity hike not because of floating the naira? It led to hike in electricity tariff by 40%!! And is about to lead to hike in fuel price further!! Can you explain a scenario where wage increase will lead to tariff hike like this? Cmon!!

I don't think you're a seer to know what Obi can do and can't do. And i don't know why you lots always mention Obi once public policy is discussed.

Tinubu it was who removed subsidy and floated the naira so who do you expect anyone to mention in this present circumstances? You? Obi? Atiku? Or Buhari?

Receive Sense!!
Re: FOREX Challenge Driving Petrol Price Towards N581 Per Litre by figment232(m): 9:40pm On Jun 27, 2023
nairalanda1:
So, Buhari and tinubu were right in 2012, then?

And I thought you were a GEJ supporter...lol.

On a serious note, GEJ wanted to remove subsides because in 2011, our subsidy cost was thrice what it was in 2010. Anyone could see that if it was allowed to grow, we would end up with the thing eating all our revenues, and loaned money.

It is the same issue now. We have spent three quarters of what we spent last year on subsidy already.....maintain subsidy for six months.That's why Obi, and Atiku and Tinubu all agreed subsidy had to go, as did every other candidate, except for Sowore of the AA.

GEJ also removed subsides on kerosene and diesel. If he had not, and the things had been maintained, we probably would be spending far more than we earned on subsidy alone....and we would be like Sri Lanka by now. With the IMF refusing to fund our addiction.

A revolution does not change the fact. (though it would be good to see apc thrown out)
Leave GEJ out of this focus on TINUBU
Re: FOREX Challenge Driving Petrol Price Towards N581 Per Litre by figment232(m): 9:42pm On Jun 27, 2023
nairalanda1:
Refineries are not functioning because years of forcing them to sell fuel at a loss, and paying subsides that do not adequately cover the loss plus the massive corruption and sabotage engineered to get more and more government money stolen....

No subsidy means they work at a profit, and thus they have money to fix up things.

And right now,NNPCL is feverishly fixing up their refineries.
The project has been abandoned
Re: FOREX Challenge Driving Petrol Price Towards N581 Per Litre by nairalanda1(m): 9:59pm On Jun 27, 2023
figment232:
Leave GEJ out of this focus on TINUBU
I use GEJ as a good example, not as a bad example here
Re: FOREX Challenge Driving Petrol Price Towards N581 Per Litre by HNICEARTH: 10:27pm On Jun 27, 2023
Tinubunomics! Man way sabi. First class graduate of accounting.

This forex challenge and upward trajectory of the price of PMS will favor me and my family.

Keep them batterfied grin grin grin
Re: FOREX Challenge Driving Petrol Price Towards N581 Per Litre by ECIDSGO:
It will get worse. Pounds just hit the miles stone of £1 to N1000 earlier today at the exchange app. Kados to the Naira floating policy of the jagaga or I mean Jagaban of Nigeria

Re: FOREX Challenge Driving Petrol Price Towards N581 Per Litre by figment232(m): 11:01pm On Jun 28, 2023
nairalanda1:
I use GEJ as a good example, not as a bad example here
ok
Re: FOREX Challenge Driving Petrol Price Towards N581 Per Litre by NeloNelo: 11:38am On Jun 29, 2023
lexy2014:
How is subsidy no longer sustainable?

Can you state what percentage of each litre of fuel the government has been subsidizing and what that became after each removal of subsidy?

If fuel Subsidy isn't sustainable, why is the thieving lifestyle of politicians and crude oil theft sustainable?

Which subsidy did the government remove in 2020 and which one has Tinubu just removed again?
Seen this?

According to NMGS, the volume of stolen oil exceeds the amount officially sold

https://thegisthouse.com/according-to-nmgs-the-volume-of-stolen-oil-exceeds-the-amount-officially-sold/
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