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.

When they publish negative stats and reports, you and your kind rejoice and celebrate, but you are all of a sudden sad, angry and upset when the report is positive in Nigeria's favor.


Sadist, Nigeria is rising and you cannot stop it.

Kukutenla:

I'm sure you'll call yourself a graduate o.
See how you're disgracing your school online.
How does your link negate what I've been saying and posted?
You foolishly claimed there was no subsidy this year yet you brought a link that says NNPCL paid 307bn in May alone and 1.82trn in 5 months(January-May) which is even higher than the amount paid in 2022!
Is 1.82trn not even higher than the 1.2trn in 6 months that NBS is claiming was spent on fuel import? You must be a special kind of stupid.
I'm beginning to suspect I'm chatting with a slowpoke

Stop responding to that person, you are wasting your time.

Somebody that is arguing subsidy was not provided for by government in 2023 yet posted a link showing subsidy payments from Jan-May. When caught, he shifted goal post to NNPCL paying subsidy.

That guy is really slow. Apologies to him.

This NBS report is nonsense. It is a sea of contradiction

Kukutenla:

Where did you get that in the report. Take your time and read to understand

Total imports for Q2 is #5.2tn which #1.2tn of pms is 21% of!.
It's just simple stop making things complicated!.

ReubenE:

Stop responding to that person, you are wasting your time.

Somebody that is arguing subsidy was not provided for by government in 2023 yet posted a link showing subsidy payments from Jan-May. When caught, he shifted goal post to NNPCL paying subsidy.

That guy is really slow. Apologies to him.

This NBS report is nonsense. It is a sea of contradiction

Calm down it's talking about Q2 and not 6 months

ORIENTATION101:

Now I know you re an imbecille you want to shift goal post like an idiot that you re
despite the fact that I stated it boldly as a reply to you(screenshot attached) that FG already stop paying subsidy since jan to may it was Nnpc that was footing the bill.
Does that invalidate the fact subsidy didn't appear in 2023 budget ?

The disparity between 1.23trn and 1.8trn can be contested based on available data's.

If we re to follow imbecilic idiots like you that claim 400b monthly for 6months

Subsidy payments will be at 2.4trn , now look yourself in the mirror what you see is a moronic clown

This dude is a dimwit. I'm ashamed to call you a product of Nigerian education.
Like, are you just trolling or you're serious right now?
Check the part I drew a red cap over. Did you miss that part in the screenshot I posted?

Baba you dull. You dull gaan. Chai!! What is this I'm seeing?
Do you even understand that subsidy is just a part of the cost of importation borne by the govt per litre. The other part is paid for at the pump. By the time you add everything together, we'll be looking at far over 2.4trn self.
You're a total disgrace and an apology to poor education.
This is my last response to you. I can't com and degrade my iq.

Kukutenla:

This dude is a dimwit. I'm ashamed to call you a product of Nigerian education.
Like, are you just trolling or you're serious right now?
Check the part I drew a red cap over. Did you miss that part in the screenshot I posted?

Baba you dull. You dull gaan. Chai!! What is this I'm seeing?
Do you even understand that subsidy is just a part of the cost of importation borne by the govt per litre. The other part is paid for at the pump. By the time you add everything together, we'll be looking at far over 2.4trn self.
You're a total disgrace and an apology to poor education.
This is my last response to you. I can't com and degrade my iq.

you re mentally deranged idiot.
Why re u running round in circle
Your claim was NBS report of 1.2trn for subsidy payments was hogwash that subsidy was gulping 400b per month for 6months.
Now that you have been caught pants down in your own web of lies you re drolling saliva in your dirty mouth
Why re you running away slowpoke?

Attach here is your comment

smokinloud:

Total imports for Q2 is #5.2tn which #1.2tn of pms is 21% of!.
It's just simple stop making things complicated!.

I've seen that. And it still does not add up if subsidy alone was 400bn per month as claimed by NNPCL. That implies that petrol is fully subsidised and we're not supposed to pay a kobo at the pump!!

ORIENTATION101:
you re mentally deranged idiot.
Why re u running round in circle
Your claim was NBS report of 1.2trn for subsidy payments was hogwash that subsidy was gulping 400b per month for 6months.
Now that you have been caught pants down in your own web of lies you re drolling saliva in your dirty mouth
Why re you running away slowpoke?

Attach here is your comment

My claim or that of NNPCL.
Stop being wilfully stupid boy.
I gave you a link. Or is my name Kyari.
Dude Bleep off

ReubenE:

Stop responding to that person, you are wasting your time.

Somebody that is arguing subsidy was not provided for by government in 2023 yet posted a link showing subsidy payments from Jan-May. When caught, he shifted goal post to NNPCL paying subsidy.

That guy is really slow. Apologies to him.

This NBS report is nonsense. It is a sea of contradiction

oponu aiyarada my comment is still didn't change on fuel subsidy not appearing in 2023 budget. If you have contrary evidence show it here or you keep shut!!!
Should we start lecturing you again that nnpc is now a limited liability company

FreeStuffsNG:
Very good question @ bolded. The answer is that most of you are consumers, you produce nada so you don't being in sufficient forex and the second reason is because of unpatriotic people who will eventually get burnt in their forex speculation

Not true. If we have over 2 trillion in surplus there is no way naira will be under pressure like it is now. It's either the start is another lie or something. What I know is that something is nothing adding up

Kukutenla:

My claim or that of NNPCL.
Stop being wilfully stupid boy.
I gave you a link. Or is my name Kyari.
Dude Bleep off

come here you scumbag you re not kyari yet you are defending his claims about 400b to the extent that you called a reputable Verifiable statistics a lie. Look at how stupid you are. I tried to explained to you that kyari claim was not the year in review. You stick to your feb18 news paper foolishness despite evidence available says we paid 300b for subsidy in Jan 2023.

You litterred the whole thread with your smelly saliva arguing back and forth like a drunk imbecille.

Now crawl back into the hole you came out from

Here is another stupid comment of yours choke on it.at least people can see your foolishness in HD

ORIENTATION101:

come here you scumbag you re not kyari yet you are defending his claims about 400b to the extent that you called a reputable Verifiable statistics a lie. Look at how stupid you are. I tried to explained to you that kyari claim was not the year in review. You stick to your feb18 news paper foolishness despite evidence available says we paid 300b for subsidy in Jan 2023.

You litterred the whole thread with your smelly saliva arguing back and forth like a drunk imbecille.

Now crawl back into the hole you came out from

Here is another stupid comment of yours choke on it.at least people can see your foolishness in HD

You're sounding more daft as each minute passes. Between Kyari who is doing the actual importing and NBS who is just cooking figures, who should any sane, rational mind believe?
You have introduced a new lie. Show me the evidence that says we paid 300bn subsidy in January.
You're as daft as a croaking frog if not worse. Kyari said 3 days before Feb 18. How is that not the year 2023. This is obviously a case of failed education.

Well, here is Tinubu your darling daddy saying he saved over a trillion in two months after subsidy removal which roughly translates to 500bn a month. Come and tell me he's reviewing too.
slowpoke with the brain of a cockroach.

Kukutenla:

You're sounding more daft as each minute passes. Between Kyari who is doing the actual importing and NBS who is just cooking figures, who should any sane, rational mind believe?
You have introduced a new lie. Show me the evidence that says we paid 300bn subsidy in January.
You're as daft as a croaking frog if not worse. Kyari said 3 days before Feb 18. How is that not the year 2023. This is obviously a case of failed education.

Well, here is Tinubu your darling daddy saying he saved over a trillion in two months after subsidy removal which roughly translates to 500bn a month. Come and tell me he's reviewing too.
slowpoke with the brain of a cockroach.

Imbecille since NBS and cablenews that put subsidy in 6months at 1.2 and 1.8 trn respectively are lies .

MENTALLY DERANGED IDIOT PLS BRING OUT YOUR VERIFIABLE STATISTICS THAT SAYS OTHER WISE OR YOU KEEP SHUT THAT DIRTY HOLE IN YOUR FACE.

Kukutenla:

You're sounding more daft as each minute passes. Between Kyari who is doing the actual importing and NBS who is just cooking figures, who should any sane, rational mind believe?
You have introduced a new lie. Show me the evidence that says we paid 300bn subsidy in January.
You're as daft as a croaking frog if not worse. Kyari said 3 days before Feb 18. How is that not the year 2023. This is obviously a case of failed education.

Well, here is Tinubu your darling daddy saying he saved over a trillion in two months after subsidy removal which roughly translates to 500bn a month. Come and tell me he's reviewing too.
slowpoke with the brain of a cockroach.

Tinubu could save up to that in naira because the value of naira had depreciated and #1trn in the Q3 is equivalent to roughly #600bn in the first quarter.
There was drop in the amount of pms imported in the second quarter which caused fuel scarcity.
Your analysis is based on the 66.5 million litres of pms that NNPCL's Kyari claimed they imported daily in the first quarter which is not the reality in the second quarter...
You can fully make a claim when you have the details of pms imported into Nigeria provided. You can't fault NBS data until NNPCL provide the amount of PMS shipped into Nigeria daily from April to June. So I consider NBS valid on this until NNPCL provides the amount of pms imported into Nigeria from April to June.

ORIENTATION101:
Imbecille since NBS and cablenews that put subsidy in 6months at 1.2 and 1.8 trn respectively are lies .

MENTALLY DERANGED IDIOT PLS BRING OUT YOUR VERIFIABLE STATISTICS THAT SAYS OTHER WISE OR YOU KEEP SHUT THAT DIRTY HOLE IN YOUR FACE.

I agree. Tinubu is lying as well.
Don't you agree abi why are you hyperventilating like a rabies infested stray dog?
Is this your madness on display again?

Kukutenla:

I agree. Tinubu is lying as well.
Don't you agree abi why are you hyperventilating like a rabies infested stray dog?
Is this your madness on display again?

TINUBU IS NOT LYING, YOU JUST BUILD YOUR ARGUMENTS ON ASSUMPTIONS NI.
Tinubu could save up to that in naira because the value of naira had depreciated and #1trn in the Q3 is equivalent to roughly #600bn in the first quarter.
There was drop in the amount of pms imported in the second quarter which caused fuel scarcity.
Your analysis is based on the 66.5 million litres of pms that NNPCL's Kyari claimed they imported daily in the first quarter which is not the reality in the second quarter...
You can fully make a claim when you have the details of pms imported into Nigeria provided. You can't fault NBS data until NNPCL provide the amount of PMS shipped into Nigeria daily from April to June. So I consider NBS valid on this until NNPCL provides the amount of pms imported into Nigeria from April to June.

smokinloud:

Tinubu could save up to that in naira because the value of naira had depreciated and #1trn in the Q3 is equivalent to roughly #600bn in the first quarter.
There was drop in the amount of pms imported in the second quarter which caused fuel scarcity.
Your analysis is based on the 66.5 million litres of pms that NNPCL's Kyari claimed they imported daily in the first quarter which is not the reality in the second quarter...
You can fully make a claim when you have the details of pms imported into Nigeria provided. You can't fault NBS data until NNPCL provide the amount of PMS shipped into Nigeria daily from April to June. So I consider NBS valid on this until NNPCL provides the amount of pms imported into Nigeria from April to June.

By what metric did you arrive at 1trn in q3 equals 600bn in Q1. That maths can't be correct. Besides, tinubu was talking of two months, June and July and not a whole quarter.
Exchange rate went from 460 t0 720.
Besides, NNPCL never reported a drop in import.
This is the monthly report from January according to NMDPRA
January: 62 million litres per day
February: 62 million litres per day
March: 71.4 million litres per day
April: 67.7 million litres per day
May: 66.6 million litres per day
June: 49.5 million litres per day
July: 46.3 million litres per day
You can even see March had more fuel consumption.

https://www.google.com/amp/s/nairametrics.com/2023/08/14/fuel-imports-to-nigeria-fell-in-may-2023/%3famp=1

Kukutenla:

By what metric did you arrive at 1trn in q3 equals 600bn in Q1. That maths can't be correct. Besides, tinubu was talking of two months, June and July and not a whole quarter.
Exchange rate went from 460 t0 720.
Besides, NNPCL never reported a drop in import.
This is the monthly report from January according to NMDPRA
January: 62 million litres per day
February: 62 million litres per day
March: 71.4 million litres per day
April: 67.7 million litres per day
May: 66.6 million litres per day
June: 49.5 million litres per day
July: 46.3 million litres per day
You can even see March had more fuel consumption.

https://www.google.com/amp/s/nairametrics.com/2023/08/14/fuel-imports-to-nigeria-fell-in-may-2023/%3famp=1

I read it and it says Fuel not PMS!. You just translate it to mean PMS because you are emotional ni.

Kukutenla:

By what metric did you arrive at 1trn in q3 equals 600bn in Q1. That maths can't be correct. Besides, tinubu was talking of two months, June and July and not a whole quarter.
Exchange rate went from 460 t0 720.
Besides, NNPCL never reported a drop in import.
This is the monthly report from January according to NMDPRA
January: 62 million litres per day
February: 62 million litres per day
March: 71.4 million litres per day
April: 67.7 million litres per day
May: 66.6 million litres per day
June: 49.5 million litres per day
July: 46.3 million litres per day
You can even see March had more fuel consumption.

https://www.google.com/amp/s/nairametrics.com/2023/08/14/fuel-imports-to-nigeria-fell-in-may-2023/%3famp=1

The bone of contention here is PMS not Fuel.
And #1trn equals roughly $1.4bn which was #644bn in the Q1 according to the 460 exchange rate you provided.

ORIENTATION101:
oponu aiyarada my comment is still didn't change on fuel subsidy not appearing in 2023 budget. If you have contrary evidence show it here or you keep shut!!!
Should we start lecturing you again that nnpc is now a limited liability company

You really do not know anything. You're just being boisterous from the ocean of delusion.

If I don't know NNPC is a limited liability company, I will write it as NNPCL?
Who did the NNPCL pay the subsidy on behalf of if not the FG and the Nigerian people. Why is the NNPCL claiming over N2 trillion debt from the FG as the amount they've spent for subsidizing PMS. Like I said, you really do not know anything.
What's the difference between the FG paying subsidy or the NNPCL paying subsidy on behalf of the FG and the Nigerian people.

Subsidy was provided for by the 2023 Appropriation Act until June. I don't even understand what you are arguing especially when you already laid credence to the point with your own screenshots.

Is it who paid the subsidy that is your problem.
Suffice to say, you are very uncouth too.

smokinloud:

Calm down it's talking about Q2 and not 6 months

I don't understand what you mean.

The over N2 trillion trade surplus given in the report is for Q1 and Q2, indicating first half of the year which is 6 months.
If you mean something else with your comment, draw my attention to that detail.

Good news.. very good news!

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!

In what way us there a trade surplus? And there is inflation and suffering all over the country? This propaganda had to end abeg.

ORIENTATION101:
oponu aiyarada my comment is still didn't change on fuel subsidy not appearing in 2023 budget. If you have contrary evidence show it here or you keep shut!!!
Should we start lecturing you again that nnpc is now a limited liability company

The NNPCL makes subsidy payments from their cash flow, that is, they pay and net off from their fiscal obligations of taxes and royalties they pay to the Federal Government. The balance is the over N2 trillion NNPCL is claiming the government of Nigeria is owing them after all deductions.

So is the NNPCL paying the subsidy for itself or they are paying for Nigerians on behalf of the FG. If the NNPCL is making those deductions from the taxes and royalties they pay to the Nigerian State, is it not the FG that is paying same subsidy through another means.
Like I said, you are all just noise with a rattling tongue.

smokinloud:


I read it and it says Fuel not PMS!. You just translate it to mean PMS because you are emotional ni.

Bros, it's pms that's being referred to. Check out the stats

smokinloud:

The bone of contention here is PMS not Fuel.
And #1trn equals roughly $1.4bn which was #644bn in the Q1 according to the 460 exchange rate you provided.

Like i said, 1trn is for 2 months while a quarter is 3 months. So your analysis is still not correct.

Yes less imports of nonsense items ….. dollar price don choke unneccesary buy buy