₦airaland Forum

Iceberg3:
Chai!!!!! See uppercut oooo 🤣🤣🤣🤣🤣

Lipscomb:
Incorrect information useless journalist everywhere to make simple investigation become problem for them. They only good at sitting in office cross legs they only go internet to copy and paste trash.

Nigerians journalist are the most useless organization presently in Nigeria of course another problem facing the country just like judiciary, police officers and prison guard officers. Very lazy set of people.

May the soul of Dele Giwa continue rest in the bosoms of our lord jesus christ.

Lipscomb:
Incorrect information useless journalist everywhere to make simple investigation become problem for them.
May the soul of Dele Giwa continue rest in the bosoms of our lord jesus christ.

gaby:
Oh, Lawd...

How bad this administration is making most of us miss the "great economist and administrator in the person of Bubu. A man who was able to hold pump prices of pms under #200 for the most part of his 8-year reign.

It goes to show that if this refinery had come on board under his watch, the pump price of pms would have been slashed by half to say #100...

Oh Bubu, we miss your ingenuity and managerial wizardry.

Emilokan dey carry us dey go where we no know...



Oya make una come attack..

AngelicBeing:
So sad to see that Nigeria has crude oil and yet it has become a curse on the country, due to different levels and layers of official corruption in almost all the different sectors of the economy, abi no be the same oil wey dey Nigeria dey for the GCC countries, l have visited Dubai More than Ones and l see what oil has done for both the country called UAE and their citizens, The same thing Applies to Saudi Arabia, Qatar,Oman, Bahrain but in Nigeria the reverse is the case

Yourprick:
Bro this country don tire me

AngelicBeing:
So sad to see that Nigeria has crude oil and yet it has become a curse on the country, due to different levels and layers of official corruption in almost all the different sectors of the economy, abi no be the same oil wey dey Nigeria dey for the GCC countries, l have visited Dubai More than Ones and l see what oil has done for both the country called UAE and their citizens, The same thing Applies to Saudi Arabia, Qatar,Oman, Bahrain but in Nigeria the reverse is the case

Omoapena:
How much are they selling the crude oil to dangote, we want to know...

DeLaRue:
Not 100% correct actually.

The law of demand and supply works perfectly with certain products, but not with others.

It may work well for certain consumer products like tomatoes, water, garri etc

But it doesn't work perfectly for a product like petrol where the manufacturer/producer/seller has a production cost that it can't really influence that much because the price of the input material is determined internationally.

So there is a certain level below which a refinery cannot sell .... at least not for long.

Glaxo, Cadbury etc can operate at a loss in Nigeria for 3, 4, 5 years or even longer before closing down. That's because their operations and therefore losses are relatively small compared to a loss-making refinery.

A loss making large refinery will shut down rather than permanently sell at a loss making cheaper price due to over supply. Or they find markets in other countries.

So the coming on board of Port Harcourt and Warri refinery and other refineries currently being built will not reduce price by more than N5 to N10 or thereabout per litre.
Don't mind my brother..they forgot that such law does not for inelastic goods

Ddeliverer007:
I thought the refinery will make fuel 200naira?

Fools.

Softmirror:
You haven't said anything.

gaby:
Oh, Lawd...

How bad this administration is making most of us miss the "great economist and administrator in the person of Bubu. A man who was able to hold pump prices of pms under #200 for the most part of his 8-year reign.

It goes to show that if this refinery had come on board under his watch, the pump price of pms would have been slashed by half to say #100...

Oh Bubu, we miss your ingenuity and managerial wizardry.

Emilokan dey carry us dey go where we no know...



Oya make una come attack..

Odua4life:
It's a welcome development. Now I wonder how much the independent marketers will sell to us
It's a good start at least subsidy remains . And the price can only go down as the value of naira increases. I'm very happy that at least the product will flood the market. And remember the Port-Harcourt refinery will start working soon. Once it's privatisation is completed God bless Nigeria

Yourprick:
What's now the essence of the refinery of we're still buying fuel at above 300

lekonso:
Do you know how much govt is selling crude oil to Dangote. If the govt is selling crude to Dangote at the current international price, there is no way he can sell petrol cheaper to NNPC. Govt is the one determines everything.

Lipscomb:
Incorrect information useless journalist everywhere to make simple investigation become problem for them. They only good at sitting in office cross legs they only go internet to copy and paste trash.

Nigerians journalist are the most useless organization presently in Nigeria of course another problem facing the country just like judiciary, police officers and prison guard officers. Very lazy set of people.

May the soul of Dele Giwa continue rest in the bosoms of our lord jesus christ.

Guestlander:
There are 200 million Nigerians, oil is not going to do for Nigeria what it did for smaller populated countries like Saudi Arabia and UAE.
Manufacturing and Agriculture can propel us even further than those countries.

Odua4life:
It's a welcome development. Now I wonder how much the independent marketers will sell to us
It's a good start at least subsidy remains . And the price can only go down as the value of naira increases. I'm very happy that at least the product will flood the market. And remember the Port-Harcourt refinery will start working soon. Once it's privatisation is completed God bless Nigeria

Yourprick:
Bro this country don tire me

AngelicBeing:
Population is not the issue, China, India , USA are more populated than Nigeria and their citizens are living far better than Nigerians

Shadomaan7:
Good news

Ddeliverer007:
I thought the refinery will make fuel 200naira?

Fools.

ALTERNATEID:
Because they refuse to buy from him. It all has to do with the price. Nigerians should insist on transparency from both NNPC and Dangote. They should tell us the price from the refinery.

Guestlander:
What is your point? Which of the countries you mentioned is relying on one commodity?