Angelfrost:


Electricity in my house and area massively improved in the last 6 months, and Voila! I haven't used my generator since.

I now gladly pay more for electricity without complaints.

Angelfrost:


Lol... Everyone is an Economics Expert these days.

Just leave them to keep Googling and bandying theories about the internet space.

SoNature:
If we can stabilize power supply, the demand for petrol and diesel will be significantly slashed.

Why is Tinubu not making efforts to build power stations across the country?

BoldBrainz:


"He who is silent in the face of evil is just as guilty as the enabler".

You see, that's the reason some of us go the extra length to talk and keep talking, despite the fact we're uncomfortable doing so.

When I die tomorrow, I want it to be heard that even if I didn't have the capacity to have corrected the wrongs, I was vocal enough to be heard in the criticism of evil.

That would be a palatable inscription for my tombstone.

BoldBrainz:


I sincerely worry for the lives and survival of the children our generation is going to produce.

SoNature:
If we can stabilize power supply, the demand for petrol and diesel will be significantly slashed.

Why is Tinubu not making efforts to build power stations across the country?

MatrixCircle:


they can refuse to start producing in Nigeria because of instability in all sectors , again will heavy duty solve the problem ?
The problem in Nigeria is corruption and incompetences in governance, otherwise fixing our refineries should not be an impossible task, after all Dangote built one from the scratch, then why can't a country fix it's refinery . Spending billions on staff that don't refine any product.

mrvitalis:

Lol you just spoke like a typical Nigeria

What's the percentage of people that run on gen? Most business barely use their gen

90% of Nigerians who can afford constant power have constant power.... If you know you want constant power dont you know an estate in your city with constant or near constant power?

Power is not important to Nigeria now as a president I won't even invest too much into its

creativehubb:

I said things we don't need...so many things we import are luxury goods, we don't need them. Force the manufacturers to come here and build the manufacturing units here, produce from here.

Dennisochampa:
All these useless hoebi supporters always falsifyin news.....
Fuel never reach 720...
I bought today...
Useless things

creativehubb:
Government should impose import ceilings on goods we don't really need, we must drastically reduce our imports. If we don't demand dollars, it's value will drop. QED.

SoNature:
If we can stabilize power supply, the demand for petrol and diesel will be significantly slashed.

Why is Tinubu not making efforts to build power stations across the country?

correctguy101:


I see...

It all boils down to the same thing many are saying on here: We need to industrialize.

A good plan.

And you think all those werey in charge of running the country are not aware?

No make me laff abeg...

Goodnight brother. There's a reason I don't like discussing issues plaguing this country.

It gets me angry for I refuse to believe all these fine ideas all you guys are putting out on here are things these people in charge don't know already. They know, yet they do something entirely different.

Abeg, does any nation need rocket science to know they're supposed to have working refineries? Especially a nation whose entire income rests on such. And an oil producing nation at that?

Smh

MatrixCircle:


they can refuse to start producing in Nigeria because of instability in all sectors , again will heavy duty solve the problem ?
The problem in Nigeria is corruption and incompetences in governance, otherwise fixing our refineries should not be an impossible task, after all Dangote built one from the scratch, then why can't a country fix it's refinery . Spending billions on staff that don't refine any product.

treesun:


https://punchng.com/depots-deserted-as-petrol-landing-cost-hits-n720-litre/

creativehubb:
Government should impose import ceilings on goods we don't really need, we must drastically reduce our imports. If we don't demand dollars, it's value will drop. QED.

BossGerald:


What nonsense is this?? You don't necessarily need petrol? Must you defend rubbish?

ChybuzzDD:


Can you show us a list of those goods Nigerians don't really need, probably because you produce enough for the teeming population?

creativehubb:

Shut up you stupid dumb head, is Petrol the only thing we import, did I mention petrol...you enemies of Nigeria never bring solutions, just to talk from your hate of Nigeria. If you have no solution to proffer go hide in your hole. Dummy.

mrvitalis:

"If we stabilize power supply "

Nigerians are too poor for constant power supply... Anyone who can afford constant power supply have it... It's just fact that you guys don't want to accept

Average Nigeria needs to pay $100 monthly per house for us to have power 24/7


Fuel would sale for 1000 there is nothing anyone can do about it ... You need about $100 to fuel your car monthly

The issue should be focusing on your people earning more than focusing on the impossible of reducing cost

creativehubb:
Government should impose import ceilings on goods we don't really need, we must drastically reduce our imports. If we don't demand dollars, it's value will drop. QED.

nairalanda1:


We love imports, that's why.

We also have too many natural resources and we think that by selling them and sharing the money we can make enough

Also, the road to being a producer is a hard road. South Korea did it in a generation, but the generation that made the sacrifices suffered a lot as a result. (now they are old, and many of them don't live well).All industrial countries went through a prolonged period of hardship.

Nigerians that are suffering now don't want a leader to tell them that to become like China , Japan, Germany, or South Korea, they only need to work harder and suffer more for another generation.

mrvitalis:

Bros I have been opportuned to interact with lots of average Nigerian politicians

Majority are near retarded and two majority of Nigerians don't know the difference between problem and symptoms of a problem

Most times they tackle symptoms leaving the real problem, n it comes up again

99.999% of Nigerians don't even know problem with Nigeria... Most just know symptoms

correctguy101:


Oh..

In as much as I agree with the saying that too many Nigerians are ignorant of the real issues on ground. I find it hard to believe it's the same for the government and it's cabinet of educated elites.

And you don make this daddy laugh this morning. Which one be many of our politicians are near retarded? They're totally retarded..

Good morning to you bros

Shikena:
It goes well beyond the current government. It's a long term failure of government across several decades and hard decisions eventually became inevitable no matter who is at the helm of affairs.

nairalanda1:



We have no domestic refining because in 1973, we decided to subsidise fuel...which meant that eventually we sold fuel below the cost of its production. Not just fuel...kerosene, diesel, etc.

For a while we could afford it since the population of people using the refined products was not large enough (in the 1980's far more people used firewood than kerosene, and gas to cook.). But eventually we could not. And the queues started up, first in the mid 1970's. The refineries started collapsing in the 1990's when Southerners were in charge of NNPC.

The honest truth is simple. Any company making things needs to make a profit to pay for running costs. Subsides of the kind we practice in Nigeria do not pay for running costs effectively. Then our growing population means that most of the oil revenue has to go to funding things like salaries and projects, and the like. Add the fact that as at today, 20% of our revenue comes from taxes and other things, the 80% comes from oil....and you would see why we do not have working refinereis

Venezuela sells fuel at N40 or less per liter. And they have lost refining capacity over the last 20 years . To the point they can no longer help countries like Cuba with free subsidised oil. (Cuba is having to ration power as a result).

Iran has managed to keep refining and subsides. Their debt also makes ours look like chickenfeed. Iran wants to remove subsides. They can't because it means revolution.

If you want working refineries, make it profitable to run refineries....and that means letting the market set prices for fuel. Anything else is just inviting more and more debt, more and more import and less and less domestic refining.

Mele Kyari and Ibe Kalichuku have both called for removal of subsides. Kyari has even explained why subsides have to go self hundreds of times, and how they hinder NNPC's op. But you folk want N40 fuel...so you pretend he is the problem

t2luv1:


Forget about that one. Go and look at the list of individuals that were given oil leases. 80% of the people on that list are from the North. I never knew that Northern people's lineage extends into the South-South. No Equity exists in the country. For clarification I am not from the South South I am a Yoruba from Ijebu Ode but I see things differently. You want to tell me in that whole Country Mele Kyari is the most qualified person to lead such an important organization. Well, progress comes slowly for the first time in memory we finally have a non Northern person leading the Nigeria Port Authority.

creativehubb:

Are you a clown?

Don't you know difference between necessities and luxury goods?

Or do they spend naira in America how idiots demand and spend dollars in here...your empty head can't proffer good solutions, you are criticizing people who are. Go Bleep your bitch, this page is for thinkers. Mumu.

ChybuzzDD:


When fools and sub-humans like you don't have the mental capacity to clearly and convincingly make their case, they resort to insult.

I think i even dignify a stinking cockroach like you by quoting you. Usually, i only quote educated and trained humans, not animals walking on 2 legs in disguise.

nairalanda1:



The reason why Dangote was able to build a refinery was because he got loans from the banks. And the reason why the banks gave him loans was because if he defaulted on the loans, they would take over his lucrative businesses and pay themselves back.

And the reason why we do not have refineries in the first place was because subsidy meant we sold fuel at a loss (and until 2013-15, diesel and kerosene )....and as a result the refineries did not make enough money to pay their running costs, and upgrades. And the subsidy paid never could cover the resulting losses of selling fuel at a loss.

The corruption and incompetency is as a result of the subsidy.

Take Nitel. Nitel was offering services to Nigerians at cheap prices, then Obasanjo allowed the GSM companies in who were allowed to set their prices, and as a result, they beat Nitel well well...to the point Nitel is not as strong as it was.

If you were selling product at say N1000 , making a profit of N300 per product, and I came in as government and told you to sell that product at N100 , and paid you a paltry subsidy of N200 , leaving you with a loss of N400, you would do all manner of things, including selling secretly on the black market....to break even.

The moral of the subsidy mess is simple. When you stifle the profit motive of any industry or business, anarchy results. Poeple don't make profits to keep in their vaults in Swiss banks...they have to pay for running costs, upgrades, insurance, cover for any potential issues, salary raises, etc. If they cannot do that, a mess results.

Also subsides in most countries are paid to the refineries , not to end user. That's how you can 'bring down price' and still maintain the profit motive.

And Nigeria being an oil producer does not mean we can afford subsides. Oil producers that can aford subsides either have tiny populations, or produce far more oil than we do, or have diversified economies, or are Iran with a national debt of 600 billion dollars.

And another reason subsidy has to go is that Dangote, has to pay his loans back. He cannot do that by selling fuel from his refinery at N40 per liter, no matter how we wish he would do that.