₦airaland Forum

ORIENTATION101:
if you use your head, you will discover that consumption for fuel reduced from 65 millions to 43 millions per day since May

If you also use your head, you will notice the report also stated that it's for H1 only which covers January till May when the supposed consumption according to you was 65million.
So what exactly is your point?

igwebuike01:
Jokers. Tinubu has pocketed all government institutions. See the rubbish propaganda they keep churning out

Lol how did you know. Sense will not kill you.

Have you also checked the unemployment rate nbs dish out?

They said our unemployment rate is now 3%...

Audio trade surplus.

ORIENTATION101:
I guess you lived under the rock when fuel scarcity hit Nigeria in the first quarter of the year, plus cbn cash policy that slowed down the economy

What is this guy saying for God's sake?
What concerns all those with the claim above
Was there subsidy in the first five months of the year according to govt or not?
The subsidy is reputed to cost 400bn monthly.
So how do you pay 400bn subsidy on imported fuel of 200bn?
Are you really this daft or just playing
So economy slowed down but exports increased?

coleon:
If you also use your head, you will notice the report also stated that it's for H1 only which covers January till May when the supposed consumption according to you was 65million.
So what exactly is your point?

As in eehn?
See how he's disgracing his education

FreeStuffsNG:
NBS: Nigeria recorded N2.2trn trade surplus in first half of 2023



https://www.thecable.ng/nbs-nigeria-recorded-n2-2trn-trade-surplus-in-first-half-of-2023/amp

Fake stats

coleon:
If you also use your head, you will notice the report also stated that it's for H1 only which covers January till May when the supposed consumption according to you was 65million.
So what exactly is your point?

My point is importation and consumption of fuel was on a downward trend since January this year till subsidy was removed in may.
Thats why subsidy payment was low between Jan and may.

I don’t believe shyt from this crooked government

Kukutenla:
What is this guy saying for God's sake?
What concerns all those with the claim above
Was there subsidy in the first five months of the year according to govt or not?
The subsidy is reputed to cost 400bn monthly.
So how do you pay 400bn subsidy on imported fuel of 200bn?
Are you really this daft or just playing

nah you re very stupid.
FG didn't include subsidy payment in 2023 budget. That 400b subsidy payment claim is coming from the place of ignorance.
Nnpc was the sole importer and was the one footing the bill for subsidy since jan to may.
Nnpc couldn't meet up the market needs since FG made no prov in 2023 budget. That's why there was fuel scarcity in Nigeria from January to april.
Thats the reason why subsidy payment reduced drastically from Jan to june.

igwebuike01:
Jokers. Tinubu has pocketed all government institutions. See the rubbish propaganda they keep churning out

He has also pocketed the brains of the headless IPOB mob.

The country is showing indications of development and good things to come.
They just need to solve the current hardship problem in the country. Naira issue and high cost of living

Hmmm ... OK ... that's under $3M. Can someone remind me how much they approved for new cars for themselves?

I don’t believe this stats is even real
with the the dollar exchange rates now
A lot of businesses packed up
So how did it happen?

ORIENTATION101:
nah you re very stupid.
FG didn't include subsidy payment in 2023 budget. That 400b subsidy payment claim is coming from the place of ignorance.
Nnpc was the sole importer and was the one footing the bill for subsidy.
Nnpc couldn't meet up the market needs since FG made no prov in 2023 budget. That's why there was fuel scarcity in Nigeria from January to april.
Thats the reason why subsidy payment reduced drastically from Jan to june.

Dude. Stop typing. You're either spectacularly ignorant or just irredeemably dumb.
Subsidy was supposed to run from January to June this year. It's common knowledge. And you're here claiming something else.
Since you claim the 400bn is not true, can you give us your own figures and show us how it fits into 1.2trn for six months?
Like what the Bleep are you even saying?
The same report is claiming crude export alone generated 5.5trn in six months which is an average of 1trn a month. Yet from January to June, FAAC never disbursed 1trn as revenue sharing.
Use your brain if any na.

Doing the 30k monthly Job or else the Stipend wouldn't come in.

Awon Wereeey Jati Jati

China is not buying anything from us, only to sell. They love the arrangement.

Also, like 90% of our export value is Petroleum products. Not a good one.

Kukutenla:
Dude. Stop typing. You're either spectacularly ignorant or just irredeemably dumb.
Subsidy was supposed to run from January to June this year. It's common knowledge. And you're here claiming something else.
Since you claim the 400bn is not true, can you give us your own figures and show us how it fits into 1.2trn for six months?
Like what the Bleep are you even saying?
The same report is claiming crude export alone generated 5.5trn in six months which is an average of 1trn a month. Yet from January to June, FAAC never disbursed 1trn as revenue sharing.
Use your brain if any na.

You are mixing things up.
PMS import figure is for Q2 and not for 6 months... Mr OP did not provide the full content of the news that's what's confusing you. Click on the link to see for yourself.

Kukutenla:
What is this guy saying for God's sake?
What concerns all those with the claim above
Was there subsidy in the first five months of the year according to govt or not?
The subsidy is reputed to cost 400bn monthly.
So how do you pay 400bn subsidy on imported fuel of 200bn?
Are you really this daft or just playing
So economy slowed down but exports increased?

Where did you get your calculations of 400b per month in first quarter of 2023?
It was boldly written in the report that value of import for fuel for the period of subsidy was 1.23trn trillion.

So tell how you arrived at 400b per month for important of fuel.

Export didn't significantly increased it was import that reduced drastically due to cbn policy and forex scarcity.
During the first quarter of 2023 nigeria oil production was abysmally poor at 1.1m to 1.4m barrel per day when opec gave us 2m barrel per day quota.

Please, STOP this propaganda nonsense. How can a country that produces virtually NOTHING more or less for export record a trade surplus? A trade surplus with who and how? These M0R0NS should rather bask in the euphoria of their pre-determined court judgment than engage in useless lies and propaganda.

NIGERIA AS A NATION ISN'T DOING ANYTHING FOR ME. I KNOW WHAT I'M DOING TO SURVIVE.
IF YOU WANT TO KNOW HOW TO MAKE 5OK WEEKLY WITH 400K NAIRA just message me

Since the day NBS said unemployment is 4.1%, I stopped taking them serious.


Tinubu NBS and Media will be the worse at the rate they are going.

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FreeStuffsNG:
This is the koko. When your balance of trade is in surplus, you are on a great economic growth and leap. Nigeria is on a phenomenal forward march. May God continue to bless Nigeria for ever!

By the time the blue economy and mining add to this current export, wow!

My advice is for you, if you are not productively engaged,is to get busy and take advantage of these current opportunities and emerging opportunities.

In this Asiwaju Tinubu-led FG administration there is nothing for lazy, idle, ill-brought up youth who want to spend all day on social media entertainment , cyberbullying, criminal defamation and insulting his father, mother, grandmother, grandfather's age mates.Check my signature for free stuffs!

Thank God for Tinubu givernment that gave you media employment, I wonder where you would have been.


I now understand you are doing the job you are employed to do, and asslicking and image worshipping is necessary to sustain such job.


Atleast, you gat to put something on the table for wife and kids, and equally send some to relatives in the village.


You are truly delligent in your new found job. e no easy.

Paid fake media
We all know how worst it is in this zoo . People are suffering and no hope .

Kukutenla:
Dude. Stop typing. You're either spectacularly ignorant or just irredeemably dumb.
Subsidy was supposed to run from January to June this year. It's common knowledge. And you're here claiming something else.
Since you claim the 400bn is not true, can you give us your own figures and show us how it fits into 1.2trn for six months?
Like what the Bleep are you even saying?
The same report is claiming crude export alone generated 5.5trn in six months which is an average of 1trn a month. Yet from January to June, FAAC never disbursed 1trn as revenue sharing.
Use your brain if any na.

STOP BEING CLEVER BY HALF!.
#1.2 tn IS JUST 21 percent of Q2 ,which is approximately #5tn,and not 6 months which is roughly #13tn

Kukutenla:
What is this guy saying for God's sake?
The subsidy is reputed to cost 400bn monthly.
So how do you pay 400bn subsidy on imported fuel of 200bn?
Are you really this daft or just playing
So economy slowed down but exports increased?

If you read the write up again, you'll notice that while the top half quoted figures for the first 6 months, figures quoted in the bottom half of the write up relates to the 2nd quarter, and so the N1.23 trillion figure for petrol import is only for the 2nd quarter ie., April - June.

That translates to an average of about N400 billion per month, not N200 billion as you claim.

As for subsidy, I believe the exact amount varied according to international refining prices so the figure was not constant.

The average per year was probably about N3.5 trillion.

We dey hear am, we no dey see am. No be today

You are naive and unfortunately dull. Aside swallowing the news hook, line and sinker, what do you see around you so show this article is true?
You must have also written your empty drivel when unemployment rate "dropped" to 4.1%?
Akuya

FreeStuffsNG:
This is the koko. When your balance of trade is in surplus, you are on a great economic growth and leap. Nigeria is on a phenomenal forward march. May God continue to bless Nigeria for ever!

By the time the blue economy and mining add to this current export, wow!

My advice is for you, if you are not productively engaged,is to get busy and take advantage of these current opportunities and emerging opportunities.

In this Asiwaju Tinubu-led FG administration there is nothing for lazy, idle, ill-brought up youth who want to spend all day on social media entertainment , cyberbullying, criminal defamation and insulting his father, mother, grandmother, grandfather's age mates.Check my signature for free stuffs!

Exactly as expected

Just deduct the economy by 2.2 trillion so you can have some joy the economy is going under. How about that ?

Nazgul:
N2.2 trade surplus yet the average Nigerian is suffering terribly.

All these profits are deliberately posted by the leaders so that while their gullible followers hail them on empty stomachs, they (the leaders) would share it amongst themselves making it impossible for whatever profit the country makes to have any direct impact on the masses.

FreeStuffsNG:
NBS: Nigeria recorded N2.2trn trade surplus in first half of 2023



https://www.thecable.ng/nbs-nigeria-recorded-n2-2trn-trade-surplus-in-first-half-of-2023/amp

Honestly, Nigerians should not relax and believe anything in this Tinubu government o. THEY WILL LIE, PAD FIGURES, ADJUST RATINGS, ANYTHING TO MAKE THEIR MARKET LOOK REAL BUT ITS ALL PLIES AND DECEITS.

This is just the beginning and many more lies to come. Nothing I worth depending on in this APC government, you will fall flat on the face.