₦airaland Forum

Sweeetheart:
Funny


Why can't you introduce the CNG before removal of subsidy, you just ruined your own govt yourself


No matter how you try to savage the economy, the bad record is there as an inconsiderate president

Supersdotng:
https://punchng.com/president-bola-tinubu-introduces-fuel-at-n230-per-litre-with-cng/

Konquest:
@Sweeetheart,

The ORIGINAL condition was that subsidy had to be removed FIRST before the CNG equipment suppliers moved in. The major investors wanted guarantees that subsidy would be removed before investing billions of USD funds in CNG refill stations and vehicle CNG conversions kits. Conversation of vehicles ALSO takes some time because you have to put different CNG kits together. I read her on NL though that Lanre Shittu motors has an assembly plant in Lagos State where FULL option CNG-BASED big buses are already being produced and these do not need to be converted.

I hope that helps you and others to understand why the former President Muhammed Buhari removed that subsidy before the current President was sworn in. This is the reason why he said subsidy is gone on the day of his inauguration. In any event, we know that subsidy is back because as of two weeks ago, the NNPCL was importing PMS at a landing cost of N1200 and selling at the lesser cost of N720 at the depots. That's a massive lose the government took to protect Nigerian folks from more hardships that would have arisen from buying gasoline at over N1200 per liter. With Dangote Petrochemical Refinery producing from last week, NNPC had to jerk up their pump price to over N800 per liter of gasoline because of the heavy depts incurred of over 6 billion USD from just providing petroleum subsidies which is NOT sustainable.

So, the CNG option is the cheaper and BEST at N230 per standard cubic feet of CNG (instead of PMS) which some car and truck owners have been enjoying since the launch of the FIRST NNPC mega CNG refill station in Lagos State on May 30 2024 based on what I have read online. By now, I expected that many CNG-based trucks and big buses would have been released by Lagos and other states to lower the cost of food items and transportation by over 60 percent like President Tinubu promised in his August 2024 Presidential speech to make things easy for those Nigerians who are finding it excruciatingly tough to buy drugs, and do NOT have the disposable income to buy food and transport themselves.

Dangote Petrochemical Refinery can then EXPORT the refined PMS to earn massive FX inflows for Nigeria thereby making the Naira stronger, so, everybody wins at the end of the day. Many Diasporan Nigerians are concerned because things are tough for people back in Nigeria and there is a shart spike in anti-immigration protests and resentments in the UK and even people are dumping Canada because of the bad economy and relocating to other better economic climes. This has led to many Diasporans paying more attention to events in Nigeria and other countries So as to start reinvesting back home. So, Nigeria has to be put back together ASAP economically, politically and socially.

Lithiumite:
Would they open the commercial drivers heads to stamp CNG option into it ....I am in logistics for your information and we have known about CNG long before even tinubu came in......CNG is available for anyone who needs it,what part of that is so difficult for you to understand......why are you so slow!!

Sweeetheart:
Funny


Why can't you introduce the CNG before removal of subsidy, you just ruined your own govt yourself


No matter how you try to savage the economy, the bad record is there as an inconsiderate president

Brendaniel:
What Nigerians want right now is results before announcements, Nigerians are tired of announcements without results...

Rossikk:
VERY STUPID THING TO SAY.

If it is not announced, how will you know anything about it?

Rossikk:
BUHARI LEFT NO 'SUBSIDY MONEY' FOR TINUBU.

To retain subsidy, Tinubu would have had to borrow 10 BILLION DOLLARS, which is the annual cost of subsidy.

Sweeetheart:
Funny


Why can't you introduce the CNG before removal of subsidy, you just ruined your own govt yourself


No matter how you try to savage the economy, the bad record is there as an inconsiderate president

Geonigga:
This administration is good in doing surface dressing

KORLAR:
Welcome development.

BlueRayDick:
Cooking gas used to be very cheap before subsidy on Kerosene was removed. After Kerosene subsidy was removed , people were advised to use cooking gas which is a cheaper alternative to Kerosene for cooking.

Today Kerosene and cooking gas cost almost the same price.

Now people are being advised to move from PMS to CNG; a cheaper alternative.

Do whatever you want with this information.

athaboi:
foolish Yoruba Muslim
You fools will believe every rubbish