tctrills:

None of our neighbors is a top petroleum producer. None of our neighbors has the biggest refinery in Africa.
Look something is very wrong.
Lastly do you know what happens whenever the price of fuel increases? Poverty increases, businesses fold, manufacturing suffers. We have the capacity to produce and sell cheap fuel but for corruption.

Has subsidy helped us in any way? NO. We have lost billions, 4 refineres, and potential investment.

Plus it is not sustainable. LOOK...I am by no means a government supporter, I don't even like any of the parties, but I can read and have seen a lot of things.

If what you are saying is right...subsidy should have made us rich. Well, here we are. Poverty capital of the world.

guobe:

And we should keep on celebrating this type of mess?

since I came to Abuja 4 yrs ago, there has been fuel queue.... Na Abuja people dey suffer fuel scarcity pass for dis country....

PriceActionZ:


Nothing new, this was 49 years ago. una go curse tinubu tire. Nigeria can't work. The elites have high jacked it since independence thereby recruiting their friends, friends of friends, families, friends of families, replacing them with friends, concubines, bastards, friends of concubines, grand children, cousins and so on and the circle continues. As long as the present form of government is used in Nigeria, no president, or the one to be can ever repair it. None. To me, regional government is much better and competitive.

By the way, mega stations are way cheaper, and most times, more than independent marketers own in the range of 100 and above per liter, and yet you are shortchanged. That's why you see those queues.

if we move to regional government, d same set of Nigerians will still be d ones ruling, it's already in our blood.... What we need is recolonization,or we should hire expatriates to come and take over governance in Nigeria

ogolemati:
the agberos and touts love it that way.demon possessed assholes .una make druggie president they expect soft life

Thunder fire everyTHING that vote for apc
Thunder fire ever Yoruba monkey on the steeets ou there 😢

seborrhic:

You don't even understand the point the Op is making,which is: because of the exorbitant price of fuel,even so called bigmen are ready to spend hours at fuel stations that are selling at affordable price of 650+ rather than enter without hassle and buy at those selling at 800-1k

Same thing obtained 7 years ago and before. Billionaires queueing up to save pennies!

emmyclassic:
Average minimum wage per hour in America is $14. So an average American on minimum wage is spending less than half of an hour pay to buy a gallon of patrol, In Nigeria were minimum wage is 30,000 naira one would be spending a whole days pay to buy same 1 litre of petrol. So how does the comparison work oga?

Price of fuel is set by market forces not how much u make

theredaddy:



Cut the bullsbit, may 29 Tinubu declared subsidy is gone and promised Nigerians benefits, some of us even tried to show understanding

Since may 29 till now what have nigerians benefited, all the pallative FG promised to cushion the removal of subsidy do you even have one person you know that recieve it

FG have recieved subsidy, therefore they have no excuse to give Nigerians at these time .. whatelse will they tell us they want to remove now ?? don't even bring up that subsidy excuse anymore

There is a subsidy now, otherwise, fuel would have been costing over N150 since 2012 January.

PriceActionZ:


Nothing new, this was 49 years ago. una go curse tinubu tire. Nigeria can't work. The elites have high jacked it since independence thereby recruiting their friends, friends of friends, families, friends of families, replacing them with friends, concubines, bastards, friends of concubines, grand children, cousins and so on and the circle continues. As long as the present form of government is used in Nigeria, no president, or the one to be can ever repair it. None. To me, regional government is much better and competitive.

By the way, mega stations are way cheaper, and most times, more than independent marketers own in the range of 100 and above per liter, and yet you are shortchanged. That's why you see those queues.

Where did you get 49 years from??!
Article says clearly 6 years ago!

What is mega station pls?

PriceActionZ:


Nothing new, this was 49 years ago. una go curse tinubu tire. Nigeria can't work. The elites have high jacked it since independence thereby recruiting their friends, friends of friends, families, friends of families, replacing them with friends, concubines, bastards, friends of concubines, grand children, cousins and so on and the circle continues. As long as the present form of government is used in Nigeria, no president, or the one to be can ever repair it. None. To me, regional government is much better and competitive.

By the way, mega stations are way cheaper, and most times, more than independent marketers own in the range of 100 and above per liter, and yet you are shortchanged. That's why you see those queues.

nairalanda1:


There is a subsidy now, otherwise, fuel would have been costing over N150 since 2012 January.

Na you know say subsidy but even Tinubu can not come out to say he wants to Remove a subsidy that was removed by him ..

how e wan take explain am peoplw must think before they take actions

nairalanda1:


Yes, so you believe in APC promises.

Right

All I know is, subsidy has to go. SInce 1993 self.

i didnt believe in APC promises, what i believed is no one will do worst than buhari

nairalanda1:



It is either you want subsidy to remain, or you want it removed.

Some of us have seen the light since 2011/12.

It's not about what some of us want or don't want.

It's about good leadership.

The economic decisions Obasanjo took from 1999 were not exactly popular.

This is Nigeria, where big men with big cars dey follow poor men with low grade cars drag for NNPL fuel stations 😁

nairalanda1:


Has subsidy helped us in any way? NO. We have lost billions, 4 refineres, and potential investment.

Plus it is not sustainable. LOOK...I am by no means a government supporter, I don't even like any of the parties, but I can read and have seen a lot of things.

If what you are saying is right...subsidy should have made us rich. Well, here we are. Poverty capital of the world.

Are you saying that cheaper fuel did not help the average Nigerian? Subsidy with its many faults helped millions of Nigerians who are currently going through hell. The removal of subsidies has only made poverty a lot worse. This is only common sense. We can see the consequence of buying fuel at N600 in just one year. Things are much worse. Now I am not even fighting for but for credibility.
The question should be why are we not producing our own fuel even with the biggest refinery in the world and about 3 other refineries? Your gov owes us a lot of answers

PriceActionZ:


Nothing new, this was 49 years ago. una go curse tinubu tire. Nigeria can't work. The elites have high jacked it since independence thereby recruiting their friends, friends of friends, families, friends of families, replacing them with friends, concubines, bastards, friends of concubines, grand children, cousins and so on and the circle continues. As long as the present form of government is used in Nigeria, no president, or the one to be can ever repair it. None. To me, regional government is much better and competitive.

By the way, mega stations are way cheaper, and most times, more than independent marketers own in the range of 100 and above per liter, and yet you are shortchanged. That's why you see those queues.

Since this last election, I just started hating the Yorubas for the role they played. To be honest, Igbos will never vote people like Rochas or Uzodinma against somebody like osibanjo. PO plans and manifesto was moving towards a kind of restructuring of the country. Anything less than that will never work, either restructure, divide or go back regional ruling

AfonjaConehead:
Haaa..you guys are in for a long thing o...the picture below is Lagos anchorage few days ago, only one vessel on STS!

I'm curious, what does it mean?

In your narrow mind, you've defended whatever persuasion you belong to
Let me educate you:
The purchasing power of a country's currency within that country is a function of the country's prevailing economic indices. That 4-dollars per litre in America in relative terms may not be as punitive to the American living in America compared to the N1,000 per litre to a Nigerian living in Nigeria.
.

DaddyCoool:


Yes, as in below

(Note: 4 liters is more than a gallon)

Judolisco:
since I came to Abuja 4 yrs ago, there has been fuel queue.... Na Abuja people dey suffer fuel scarcity pass for dis country....

Nawa

Love800:
What is mega station pls?

NNPC stations

tctrills:


Are you saying that cheaper fuel did not help the average Nigerian? Subsidy with its many faults helped millions of Nigerians who are currently going through hell. The removal of subsidies has only made poverty a lot worse. This is only common sense. We can see the consequence of buying fuel at N600 in just one year. Things are much worse. Now I am not even fighting for but for credibility.
The question should be why are we not producing our own fuel even with the biggest refinery in the world and about 3 other refineries? Your gov owes us a lot of answers

don't mind nairalanda1. I don't even bother again, because he consistently downplays the corruption. The response is always even if they removed the corruption same noni, which I know damn well to be blatantly false.

The reason y'all should expect 1k and above to be the norm is cos of Thubv's stupidity floating the currency and removing subsidy at the same time. There is common sense and situational leadership..like I have always pointed out to the dude, economic theories don't always work in real life as compared to on paper esp for this naija, and I always reference the local rice Vs foreign rice noise that economists and Bubu made. How far today? Use book theory run business for naija, if your business no pack up in one year, call me king 😁

There is situational leadership backed by common sense, not just using theories like a prescription...esp when history says they are not guaranteed to work. If they had prevented the naira from burning, the anguish felt today would have been greatly minimised. Subsidy would have still been removed and cos the currency is stable and holding strong, the hyperinflation wouldn't have happened, and fuel would still be in the 600's max. Now with the current value of the naira, even if Dangote starts today na above 1k una go buy am, if they don't pay him subsidy. How have the economic theory prescriptions helped so far? They have fumbled and gone back to their vomit on both moves.....due to a lack of common sense.

Nothing surprising here for me, I don already talk every for my thread earlier in the year.

https://www.nairaland.com/8017949/way-nigeria-people-govt-got

Thank you so much.

PriceActionZ:

NNPC stations

Niok:

This is your counter claim?

Yes. OP talking like it's new thing

guobe:
I drove past a Mega petrol station just now and the queue I saw there shocked me.
Even big men with big jeeps are in the queue which is so long that even 4 hours will not be enough to get to your turn.

The current Government is presently humbling everybody that even its diehard supporters are currently in pains and seeking for succour.

The price of fuel at Mega petrol stations are cheaper than others who now sell for between 800 naira to 1000 naira.

Even with an increase in minimum wage ,a public servant will still spend all his money buying fuel if he owns a car and that is why most public servants have dropped their cars at home.

On the flip side,please everyone should take care of him or herself, eat healthy,go for exercise, relax when you need to and once in a while take yourself out.

Stay healthy and may God continue to bless us all.

That place looks like NNPC Mega filling station at Sapele road Benin City.

tctrills:


Are you saying that cheaper fuel did not help the average Nigerian? Subsidy with its many faults helped millions of Nigerians who are currently going through hell

.

1. SO, better apologise to Buhari and tinubu then , their protest in 2012 meant we had massive subsides. Even now, we still have massive subsides.

2.At the end, we have a massive debt, and we lost 4 refineries and until this dangote refinery came up, we lost domestic refining. IN 1988, we refined 400000 barrels in NIgeria. IN 2018, it was down to 6100. Benefits of subsidy

3.We lost billions to smuggling, and billions in investment.

As for me, Buhari and tinubu and their predecessors were wrong to keep subsidies. MIllions more could have been helped with the benefits from removing subsides.

The removal of subsidies has only made poverty a lot worse. This is only common sense. We can see the consequence of buying fuel at N600 in just one year. Things are much worse. Now I am not even fighting for but for credibility.

We have always been a poor broke ass nation.

Plus the subsidy had to go, especially since by August 2022, we were using 90% of our revenues to pay debt (This is not a lie.).

If we had kept fuel below N200, we would have totally run out of money. If you think what we are having is bad, think of how it would be with zero cash for nothing

Nigeria is a broke nation because our leaders have not diversifed our economy...especially this current leadership.

Again, if Buhari and tinubu had seen sense in 2012, by now we won't have been in this state.

The question should be why are we not producing our own fuel even with the biggest refinery in the world and about 3 other refineries? Your gov owes us a lot of answers

Because the price controls inherent in subsides means that anyone opening a refinery in Nigeria is going to lose billions of naira with every bit of product sold.

Like now, unless dangote is allowed to sell at a profit, he could lose N300 per liter under tinubu';s subsidy. That is going to make his refinery look like Lucifer's scrapyard in five years.

It's the same thing with power....

At the end, things have to be sold at a profit. If we want subsides, we got to fund them by taxes...massive taxes.

zombieHUNTER:


what's the minimum wage in America

defending rubbish

Market forces don't care about minimum wage. Just as not everybody has money for car or even enough food

Angelfrost:


It's not about what some of us want or don't want.

It's about good leadership.

The economic decisions Obasanjo took from 1999 were not exactly popular.

SO, apologise to Buhari, and tinubu and admit they were 'right' in opposing GEJ's subsidy removal then. As for me, they were wrong.

As for me, God knows I am apolitical, but in 2012, we had a chance to remove subsidy and end the monster and still have enough for palliatives. Nigerians led by Buhari and tinubu said no. Here we are.

You won't sell at a loss to help the poor.

wonder233:
In your narrow mind, you've defended whatever persuasion you belong to
Let me educate you:
The purchasing power of a country's currency within that country is a function of the country's prevailing economic indices. That 4-dollars per litre in America in relative terms may not be as punitive to the American living in America compared to the N1,000 per litre to a Nigerian living in Nigeria.
.

Market forces don't care about your purchasing power. Unless you subsidize, market forces do their thing!

Treadway:
don't mind nairalanda1. I don't even bother again, because he consistently downplays the corruption. The response is always even if they removed the corruption same noni, which I know damn well to be blatantly false.

I do not support corruption in any form or fashion.

What i am supporting here is the right of the petrol sector to attract investment, make a profit, by selling at the market price.

Corruption has to be eliminated. It is because of corruptiuon that I cannot vote for PDP, or APC, or any one of them because they are not seriuous.

Oga, I never tell lies against anyone, yet here you are lying against me. Thanks. Just because I disagree with you on subsidy, I must support corruption.

Na your word. Not mine.

Feintline:


If i were you, i will kep shut. The more you talk, the more stupid you sound.
You are comparing US to Nigeria .
A nation in darkness selling fuel at 1000.
Is your conscience dead?
Are you cursed to be irresponsible?
Or are you brainless?

Why the vitriol?
I only said fuel scarcity is not new to us - and OP said no one has ever seen N1000 per liter b4!

guobe:

Can you compare the percentage increase in the price of gas in America to what we have in Nigeria?
And also are you really comparing America and Nigeria?
Well I understand alot of you are being paid to defend an ineffective Government in Nigeria as you are just doing your job.

No one is paying me shishi. I calls 'em as I sees 'em

PriceActionZ:


Nothing new, this was 49 years ago. una go curse tinubu tire. Nigeria can't work. The elites have high jacked it since independence thereby recruiting their friends, friends of friends, families, friends of families, replacing them with friends, concubines, bastards, friends of concubines, grand children, cousins and so on and the circle continues. As long as the present form of government is used in Nigeria, no president, or the one to be can ever repair it. None. To me, regional government is much better and competitive.

By the way, mega stations are way cheaper, and most times, more than independent marketers own in the range of 100 and above per liter, and yet you are shortchanged. That's why you see those queues.

Regional government won't change anything.

Infact, under regional government, fuel was expensive (no subsidy till 1973)