₦airaland Forum

I saw this from my Google search and from what I noticed ,Libya also an oil rich country like Nigeria is the lowest with barely 0.03 dollar per litre .
Currently in Nigeria, we now have a dollar exchanging to 1600 naira and fuel is now sold at 1300 naira and very soon they may become equal
So what is now the benefit to Nigerians of becoming an oil rich producing nation?
We are now making use of the gas prices of the United state of America when we don't have the economy of the USA.

Complacency and collusion between the NNPCL officials and politicians won’t allow cheap oil sales at retail level in Nigeria.

Exorbitant oil price in Nigeria equals more money for our politicians.

Praxis758:
Complacency and collusion between the NNPCL officials and politicians won’t allow cheap oil sales at retail level in Nigeria.

Exorbitant oil price in Nigeria equals more money for our politicians.

It's obvious there is something they are not telling us .
As an oil rich country just like Libya ,Nigerians are entitled to cheaper fuel and not the reverse.

Hmmmm

Tinubu hates Nigerians.

You know what's funny? LIBYA sells fuel for that ridiculous price and I have never read anywhere that they are complaining about smuggling, all past and present Nigerian government has failed, but the "Failest " of them is the Tinubu government, he's an brutal person, you have removed all the subsidy, increase all the increasable, all for what? Buying new jet and Ships for himself, what have we the citizen gotten after more than one year of his administration? Nothing! Absolutely nothing!

Why the data no contain their minimum wage with how many litres the minimum wage can purchase in relation to their countries petrol price.


I wan check something.

Georgry:
You know what's funny? LIBYA sells fuel for that ridiculous price and I have never read anywhere that they are complaining about smuggling, all past and present Nigerian government has failed, but the "Failest " of them is the Tinubu government, he's an brutal person, you have removed all the subsidy, increase all the increasable, all for what? Buying new jet and Ships for himself, what have we the citizen gotten after more than one year of his administration? Nothing! Absolutely nothing!

We have gotten agony and pain

Georgry:
You know what's funny? LIBYA sells fuel for that ridiculous price and I have never read anywhere that they are complaining about smuggling, all past and present Nigerian government has failed, but the "Failest " of them is the Tinubu government, he's an brutal person, you have removed all the subsidy, increase all the increasable, all for what? Buying new jet and Ships for himself, what have we the citizen gotten after more than one year of his administration? Nothing! Absolutely nothing!

Hoo boy.

Libya does have a serious smuggling problem.

It's so bad, they have to use jet fighter to bomb them

okeyley:
Why the data no contain their minimum wage with how many litres the minimum wage can purchase in relation to their countries petrol price.


I wan check something.

No need for that sef.

Look at the fuel prices in oil-producing countries on the list and compare them to Nigeria's prices. You'll realize that Nigerians are being exploited, making it a living hell for its citizens.

guobe:
I saw this from my Google search and from what I noticed ,Libya also an oil rich country like Nigeria is the lowest with barely 0.03 dollar per litre .
Currently in Nigeria, we now have a dollar exchanging to 1600 naira and fuel is now sold at 1300 naira and very soon they may become equal
So what is now the benefit to Nigerians of becoming an oil rich producing nation?
We are now making use of the gas prices of the United state of America when we don't have the economy of the USA.

Libya also has 8 million people. We have 260 million people

Therefore Libya has more money per Capita than we do

That's why they can afford subsidies. We can't

Borrow222:
No need for that sef.

Look at the fuel prices in oil-producing countries on the list and compare them to Nigeria's prices. You'll realize that Nigerians are being exploited, making it a living hell for its citizens.

Most of those oil producing countries with prices lower than Nigeria have large debts and massive smuggling problems.

Do not be deceived

hisgrace090:
Tinubu hates Nigerians.

He does.

But if he wants to show how he hates Nigerians,he should sell fuel at 10 naira per liter

nairalanda1:
Most of those oil producing countries with prices lower than Nigeria have large debts and massive smuggling problems.

Do not be deceived

Government should solve the problems with smuggling and debts.

I'm after getting fuel cheaper that is my own worry.

Borrow222:
Government should solve the problems with smuggling and debts.

I'm after getting fuel cheaper that is my own worry.

The truth is no government with subsidized fuel has solved both those problems

Infact subsidizing fuel worsens them

Borrow222:
Government should solve the problems with smuggling and debts.

I'm after getting fuel cheaper that is my own worry.

Yes.

Government should invent money and infrastructure while you just do nothing.

Imagine! Even when global oil prices are going down, ironically the case in Nigeria is a pathetic one because the costs goes up while availability is another problem.

nairalanda1:
Hoo boy.

Libya does have a serious smuggling problem.

It's so bad, they have to use jet fighter to bomb them

They should do that here also, but they can't because they are benefiting from it.

Please compare the standard of living and wage too!

nairalanda1:
Libya also has 8 million people. We have 260 million people

Therefore Libya has more money per Capita than we do

That's why they can afford subsidies. We can't

You make more money from petrol when more people buy it than a few people.
The Government can do more to better the life of its citizens than impoverishing them.

Flangelo12:
Yes.

Government should invent money and infrastructure while you just do nothing.

I pay taxes and Vat you sucker!

nairalanda1:
The truth is no government with subsidized fuel has solved both those problems

Infact subsidizing fuel worsens them

How come oil producing countries on the list provide cheaper petrol than Nigeria to its citizens.

And the money your government saved from subsidy where is the funds??

Borrow222:
I pay taxes and Vat you sucker!

Your 20 kobo tax.

guobe:
You make more money from petrol when more people buy it than a few people.
The Government can do more to better the life of its citizens than impoverishing them.

If that was so, how come nnpc lost money over the last 5 decades?

The truth is that under subsidy, nnpc loses money per liter of fuel sold.

Best way is to let fuel be sold at market price. That means more investment in domestic refining which means competition which means price reduction.

If you were right, by now nnpc would have been a global company.

nairalanda1:
Libya also has 8 million people. We have 260 million people

Therefore Libya has more money per Capita than we do

That's why they can afford subsidies. We can't

Are you more populated than Russia, India, China?

Always giving this lame excuse with population

Borrow222:
How come oil producing countries on the list provide cheaper petrol than Nigeria to its citizens.

And the money your government saved from subsidy where is the funds??

They do that via getting higher debts and higher losses due to smuggling as well as massive loss of domestic refining capacity

Nonny95:
Are you more populated than Russia, India, China?

Always giving this lame excuse with population

Are you as industrial as Russia, India and china too?

Does your country export industrial goods like Russia,India and china?

India and china by the way do not subsidize fuel

Also, you look immature when you get abusive

Nonny95:
Are you more populated than Russia, India, China?

Always giving this lame excuse with population

Omo, this accusation that I am excusing government is lame like you.

We are not like India and china and Russia because apc has no policy on industrial growth and development. That is a big reason why they are useless.

Never you ever accuse me of being a government supporter again. It shows you are too lazy to get my full point.

nairalanda1:
Libya also has 8 million people. We have 260 million people

Therefore Libya has more money per Capita than we do

That's why they can afford subsidies. We can't

You guys should stop defending the rubbish that the government is doing.

nairalanda1:
They do that via getting higher debts and higher losses due to smuggling as well as massive loss of domestic refining capacity

But, their economy, standard of living, and infrastructure are far superior to Nigeria's, despite their losses.

Using the list, Can you compare the standard of living in Malaysia to that of Nigeria?.

nairalanda1:
If that was so, how come nnpc lost money over the last 5 decades?

The truth is that under subsidy, nnpc loses money per liter of fuel sold.

Best way is to let fuel be sold at market price. That means more investment in domestic refining which means competition which means price reduction.

If you were right, by now nnpc would have been a global company.

what happened to the last subsidy removal? The value of the naira where destroyed from 160 apc meant it.

Nigeria oil in the most expensive in the world for ot citizens because APC bastardized the naira. Increase the pump price in a clear indication this government have lost all hope and faith they can fix the naira. If not their focus would be to fix the naira instead and not increase the fuel.

Just imagine dollars goes back to 160 for a moment.

Tinubu destroyed Nigeria because of selfish interest.