Islie:


https://leadership.ng/subsidy-removal-drags-down-petrol-consumption-by-28/

Day169:
Possibly from reduced smuggling of petroleum products across the borders.

airsaylongcome:


Common now! Smuggling was responsible for the 28% reduction? Do you know how many people have stopped purchasing petrol for their cars and generators?

NewDea4:


Those monkeys probably work for NNPCL, the igures you see there were front-loaded and doctored that's why you see an exact 28% result for both consumption deficit/differential and the population factor.

Nigeria is not consuming up to 30 million litres - less than half the fake volume NNPCL has been subsidizing since the Skeleton Dullard came to power eight years ago. You can bet his share is sitting in a Swiss account waiting for him, they are all bastards

God1000:
True, Our roads have become very empty because so many people cannot even fuel their vehicles anymore

Is this dividends of democracy?

Shikena:
Approximate population/relative market size of Nigeria vs neighboring countries:

Benin Republic: 13m
Niger Republic: 27m
Chad: 16m
Cameroon: 27m
Total: 83m

Nigeria: 211m
Combined total (Nigeria + Neighbours): 294m
Nigeria: 72%
Neighbours: 28%
Shikena!

Islie:


https://leadership.ng/subsidy-removal-drags-down-petrol-consumption-by-28/

DMCY:


Na lie! The only reduction is the petrol that was been smuggled out of the country, right now I think we’re just seeing the normal petrol we Dey consume

DMCY:


Na lie! The only reduction is the petrol that was been smuggled out of the country, right now I think we’re just seeing the normal petrol we Dey consume

post=124281915:
Dearest Sane Nairaland members,
Sisi Yewande and Madam Ngo on behalf of All of us at [/b] are checking on you.

Times are hard
It is for the best future for us all.
No pain No Gain.
Guide your mental health.
Cut down on excesses and frivolity.
Keep joining us to pray for a better Nigeria 🇳🇬.
Slow and Steady we will get to the nation flowing with milk and honey.
A country of our dreams.
God bless you all.
God bless Nigeria 🇳🇬 🇳🇬 🇳🇬

We Love You all ❤️ 😍 💖


[b]Addendum : Enemies of Nigeria,
Skip this comment, it ain't for you.
Check the first line to see who it was addressed to.
If you do otherwise and quote to be negative or curse sane people here may you be miserable for life. (We will be talking to you in the language you understand going forward. )
Thanks and Cheers.

Shikena:
Approximate population/relative market size of Nigeria vs neighboring countries:

Benin Republic: 13m
Niger Republic: 27m
Chad: 16m
Cameroon: 27m
Total: 83m

Nigeria: 211m
Combined total (Nigeria + Neighbours): 294m
Nigeria: 72%
Neighbours: 28%
Shikena!

ugodson:
Yes na. Personally i buy up to 20 liters a week before now is 10 liters.

I dont have blood money

JIBO4REAL:


Yes it’s still smuggling to our neighboring country but it’s not more profitable as it’s used to be …

God1000:
True, Our roads have become very empty because so many people cannot even fuel their vehicles anymore

Is this dividends of democracy?

BabaCommander:


Meaning that domestic consumption has not fallen?

Or that the much talked about smuggling was negligible?

BabaCommander:

So our own consumption has not really fallen? I have personally cut down on fuel to half of what I used.. and I know a lotta folks who did same.

Since our fuel is no longer being subsidized, how is it possible to smuggle it again? Is it still cheaper hear than in Niger and Benin Rep?

grandstar:


Did you read how much the government will save?

The subsidy isn't free. It impoverishes you. More money is spent on petrol subsidy than on health care, education and the military combined.

The subsidy also weighs down on the Naira, depreciating it. If it continued, I won't be surprised if the Naira hit $1-N1000 by early next year. Pat Utomi had already prophesied this year. A weaker Naira means less spending power for you.

Perhaps, make your car CNG powered.

Yankiss:
It's not good news. Many people have abandoned essential travels. If emergency occurs transporting one to hospital is a big task,, especially among the masses. We should not look at the shrinkage in fuel consumption as good omen. In the long run it would ruin many things unless there is a way out or credible alternatives for the masses. We are still having 120 car convoy, while the masses have nothing to commute with. It's largely a poor masses impact problem. The rich are not that impacted. It is obvious.

grandstar:


Did you read how much the government will save?

The subsidy isn't free. It impoverishes you. More money is spent on petrol subsidy than on health care, education and the military combined.

The subsidy also weighs down on the Naira, depreciating it. If it continued, I won't be surprised if the Naira hit $1-N1000 by early next year. Pat Utomi had already prophesied this year. A weaker Naira means less spending power for you.

Perhaps, make your car CNG powered.