₦airaland Forum

DIVINEEVIDENCE:
Way to go.
The corruption in the oil sector is nauseating.

Buhari the Olodo with no technological sense whatsoever made himself petroleum minister.

BAT the mandate thief with no science or engineering background has again made himself the petroleum minister.

To show you their collective agenda is just to enrich their pockets, not to make this nation work.

Let market forces of demand and competition determine prices and let other players invest in the sector as they deem fit.

NNPC is a case in thievery and corruption.

Just wailing, grunting and peddling falsehood, no meaningful stuff in your empty skull to contribute.

The shithole is precariously sitting on a keg of gunpowder 💯💯

Adokakunle:
Will it reduce the price

No it will not.

Nigerians should forget about cheap fuel. That era is gone.

Fuel is currently sold over N1150/L is most filling stations across the country. The landing cost as we heard is roughly 1100/L.
So, where is the subsidy?
I believe the FG, through NNPCL has tactically removed subsidy while awaiting DR products.

@worksmart Do you now believe what I said on Oct 8 2023? You can visit the thread again https://www.nairaland.com/7869429/pengassan-confirms-return-fuel-subsidy/6#126281154.
Don't be surprise when another administration come and start talking about subsidy. Subsidy no dey finish in Nigeria.

Pluto33:
Source:
https://punchng.com/marketers-refiners-demand-total-subsidy-removal/

N3,000/1Liter loading........



Nigeria ti baje

Adokakunle:
Will it reduce the price

yes to 2500 per litre

Adokakunle:
Will it reduce the price

In Nigeria

Adokakunle:
Will it reduce the price

definitely NO, Price of fuel will always be determined by the value of the naira against the dollar and with price of crude oil in the international market. With the naira always on the downward trend, petrol price will always be going up

Kusu12:
Just wailing, grunting and peddling falsehood, no meaningful stuff in your empty skull to contribute.

Zuzuru pụọ hịa!

Atụrụ.

gabbasin:
definitely NO, Price of fuel will always be determined by the value of the naira against the dollar and with price of crude oil in the international market. With the naira always on the downward trend, petrol price will always be going up

That's an accurate take. However, total privatization & deregulation of the economy will lead to an increase in productivity AND thus strengthen the naira. It's not going to happen overnight, not in a decade, but it will happen.

I emphasize TOTAL, as in ALL government owned companies need to be sold off, laws need to be passed prohibiting the federal government from setting ANY PRICE on anything anywhere in Nigeria, including forex. Total deregulation also means lifting all tariffs, bans and prohibitions on the importation of all legal goods and services. Total & Complete Free Market, no ifs, buts or any comma, just let everything go.

Do the above and Nigeria will become more prosperous and developed than Portugal or Greece within one demographic generation, which is 25 years.

Thanks.

Good Luck to Nigeria.

tobenuel:
Let it be known that Yorubas and Hausas destroyed this country and Heaven will take note

That's correct 💯
Indigbo sponsored them

All these faceless associations without any refineries nor any office, are trying to lord it upon us.


How many times will these fuel subsidies be removed?


If our so called refineries are working and we had been giving foreign refineries Crude oli to refine and send to us, on a trade by barter basis. Why is it so difficult to do with our own home grown refineries? Something actually did not add up.

What about portharcourt refinery

99thEnemy:


War is yet to come.

So with this, subsidy was not totally removed.

Subsidy needs to be totally removed.

The FG had to intervene cos the international price of fuel is far above what we are getting it at. A South African told me a litre costs around 1900 Naira in SA. Not easy to rule this nation. Be damned if u do it and be equally damned if u don't!

ALTIARA:
The FG had to intervene cos the international price of fuel is far above what we are getting it at. A South African told me a litre costs around 1900 Naira in SA. Not easy to rule this nation. Be damned if u do it and be equally damned if u don't!

Exactly.

Military are warming up