₦airaland Forum

CoronaVirusPro:
The US coming for Tinubu’s head

Are you already projecting failure for his reelection bid in 2027?

We don't care give us petrol

Wash!

As far as Dangote, we've been here before.

It was this same format he used against Ibeto when he claimed Nigeria was one of the largest importers of cement and local production would boost the value of the naira. Today, Dangote still produces cement, sourced primarily within Nigeria, and yet the naira keeps losing value. This same man also produces sugar, salt, fertilizer, etc., none of which has helped shore up the naira in any way.

When you also consider the dollar obligations Dangote has to investors, it's safe to say even Dangote's demand for the dollar will remain constant. So where exactly does the difference come in?

As for those getting their hopes up about there being a reduction in petrol pump price, e go shock una.

The man should just run his business and forget propaganda.

CyrusVI:
He's talking from the angle of reduction of pressure on the FX demands, no turn am to fight


40% is a whole lot...it means by Nov 2024, we would have been relieved of all this pains

I like Visionary leaders
God bless PBAT and Dangote

We can only be hopeful

givedemwotowoto:
Are you already projecting failure for 2027?

No!

2027 is a done deal. 2031 should be the focus.

Ikaeniyan0:
It's not false, if naira is 600/$, there's no way a litre of fuel will be #855/liter

Oga, crude oil has an international price. OPEC fixes prices for its member nations. It has nothing to do with exchange rate. If IOCs want to sell crude to Dangote, they will sell to him at OPEC price in naira equivalent. The only reason the price of petrol can come down is if the government wants to subsidize it. Crude oil isn't water anyone can sell anyhow they like. However, Dangote petrol should be a bit cheaper because the freight cost will be eliminated.

Almost 890 Maria to masses

MrDoGood:
How much is he willing to sell?

Not.plenty stories

CyrusVI:
He's talking from the angle of reduction of pressure on the FX demands, no turn am to fight


40% is a whole lot...it means by Nov 2024, we would have been relieved of all this pains

I like Visionary leaders
God bless PBAT and Dangote

Una stupid for this country sha Nigerians deserve the kind of leaders they get you guys are so delusional I don't know if it's due to tribalism or stupidity if anything improve by November I will send you 20k....Kai you guys are beyond redemption and it's sad you guys are educated such a waste of your parents hard earned money...

doyin01:
Let's watch and see na..is it not the same Nigerian leaders ?? You wish

Why do you think NNPC increased fuel price to 855naira ?? They know what they are doing

Trust me dangote will sell his own fuel above 855naira , which means petrol price have automatically increased instead of decreasing....we are in big trouble in this country

Have you forgotten marketers claim the landing cost for petrol is about #1117/litre?

https://punchng.com/petrol-landing-cost-now-n1117-litre-marketers/

NNPCL has been subsidizing on behalf of the government.

sleek214:
Bla bla bla. You don dey praise Tinubu because dem don give you wetin you want. Dem don also increase fuel pump price because of you....

Seriously? It's your prerogative to cry and wail all you want.

Tinubu is a visionary, in the long run, I see his plans coming to fruition.

SmartPolician:
Oga, crude oil has an international price. OPEC fixes prices for its member nations. It has nothing to do with exchange rate. If IOCs want to sell crude to Dangote, they will sell to him at OPEC price in naira equivalent. The only reason the price of petrol can come down is if the government wants to subsidize it. Crude oil isn't water anyone can sell anyhow they like.

Wetin b the nonsense you dey write sef?

A strong naira will lead to the reduction in the price of fuel.

CyrusVI:
He's talking from the angle of reduction of pressure on the FX demands, no turn am to fight


40% is a whole lot...it means by Nov 2024, we would have been relieved of all this pains

I like Visionary leaders
God bless PBAT and Dangote

You would have made a small sense, No.
This government should not be taken seriously, the Presidency is full of Propaganda.

Ikaeniyan0:
Wetin b the nonsense you dey write sef?

A strong naira will lead to the reduction in the price of fuel.

Some of you have never seen a rig before, but we are on Nairaland arguing about things you know nothing about. 😂😂😄

Shikini:
If not that Nigerians complained, the thief wanted to keep importing from Malta
.

May God forgive you for telling lies against another person.

SmartPolician:
Some of you have seen a rig before, but we are on Nairaland arguing about things you know nothing about. 😂😂😄

A strong naira will also lead to a fall in price of fuel, every sane person knows this except clueless guys like you.

So we should expect to see 1 dollar to 500 naira

CyrusVI:
He's talking from the angle of reduction of pressure on the FX demands, no turn am to fight


40% is a whole lot...it means by Nov 2024, we would have been relieved of all this pains

I like Visionary leaders
God bless PBAT and Dangote

Bro, looking at the economy policy somersault of these tinubu led govt ... there is nothing visionary about that open is mouth subsidy is gone without any contingencies plan..
By the way ... if they are so sure Dangote fuel with hit the market by september .. shouldnt the price be a public knowledge by now or they want us to find X

On paper. But in real life it might not abi no be naija we dey?

The plain truth!!! Let's see how much PMS will go for by October ending, rogues everywhere.

sleek214:
Bla bla bla. You don dey praise Tinubu because dem don give you wetin you want. Dem don also increase fuel pump price because of you....

Ikaeniyan0:
Have you forgotten marketers claim the landing cost for petrol is about #1117/litre?

https://punchng.com/petrol-landing-cost-now-n1117-litre-marketers/

NNPCL has been subsidizing on behalf of the government.

And now the price at NNPC is 855naira and they are still claiming to be paying subsidy..so?? It means price of petrol have increased and subsidy is still on...

Samchi4christ:
Almost 890 Maria to masses

That's crazy.

Ikaeniyan0:
You should be able to guess base on all what's happening. I doubt he will sell to the NNPCL below 1050

Another monopoly

OkCornel:
As long as the government does not bungle the crude supplies, then yes.

If not…Dangote refinery will have to source dollars to import crude.

I love this, everyone’s eyes will be on NNPC now.

The trouble is that they ARE going to bungle the crude supplies. Corruption aside, let's answer this question: Where does the bulk of Nigeria FX reserve comes from? Is it crude? If it is crude oil, then why would the FG forgo opportunity to earn FX in exchange for worthless Naira?

How about a better question: Who is the target audience for these ridiculous soundbites issued by FG?

Ikaeniyan0:
And don't forget it the naira start gaining against the dollar, it will also lead to the fall in price of fuel

Story

Tombrown3:
Story

cry

CyrusVI:
He's talking from the angle of reduction of pressure on the FX demands, no turn am to fight


40% is a whole lot...it means by Nov 2024, we would have been relieved of all this pains

I like Visionary leaders
God bless PBAT and Dangote

A bot identified.

The same way he believed that fuel subsidy proceeds will be adequately allocated to the masses via palliatives, as promised by his master initially.

Always quick to praise, even when he does not understand the intricacies in a statement.

diamond68:
So we should expect to see 1 dollar to 500 naira

You'd be lucky to see dollar at #900 even two years from now.

MrDoGood:
Another monopoly

He was not the only Nigerian the government gave license to build a refinery

CyrusVI:
He's talking from the angle of reduction of pressure on the FX demands, no turn am to fight


40% is a whole lot...it means by Nov 2024, we would have been relieved of all this pains

I like Visionary leaders
God bless PBAT and Dangote

I hope so and I wish it will come to pass the suffering is too much abeg we don't want the shege again ooo

Alusiizizi:
The trouble is that they ARE going to bungle the crude supplies. Corruption aside, let's answer this question: Where does the bulk of Nigeria FX reserve comes from? Is it crude? If it is crude oil, then why would the FG forgo opportunity to earn FX in exchange for worthless Naira?

How about a better question: Who is the target audience for these ridiculous soundbites issued by FG?

Tinubu himself gave the order for crude to be sold to local refineries in naira, and he was fully supported by the FEC, why will anyone go against the president order?

You can blame him, he still thinks the American international court of justice African division would sack our President for the guy in grade 3 🤣🤣🤣😜

CyrusVI:
He's talking from the angle of reduction of pressure on the FX demands, no turn am to fight


40% is a whole lot...it means by Nov 2024, we would have been relieved of all this pains

I like Visionary leaders
God bless PBAT and Dangote

Until then, these tinubu led thieves will still find a way to short change Nigerians regardless ...
nnpc asking to be sole distributor of dangote fuel is a plot by these rogues to cover there tracks and continue to make Nigerians live is abject poverty .. naa there fetish