₦airaland Forum

Everyday different stories

The goal is to be praying for Nigeria from abroad

lexy2014:
if FG is "permitting" marketers to lift from dangote, how then is that deregulation?

It is either you don't understand economics or you just want to start unnecessary blind argument as usual.

Does that reduce the price from @1,030 to #130?

#sakamanje of alll people

ogododo:
https://saharareporters.com/2024/10/11/breaking-nigerian-govt-permits-oil-marketers-bypass-nnpc-lift-petrol-directly-dangote

Besides the commercially agreed terms alluded by the minister, other regulatory permits are conditions precedent before bulk purchase from DRL.

;;

lexy2014:
if FG is "permitting" marketers to lift from dangote, how then is that deregulation?

You and questions, seems your brain is defective

At what rate? That is the koko.

NwaNimo1:
Oil.....na curse

Dangote refinery.....na curse

NNPC......na curse

Tinubu......na curse

Nigeria......is cursed!

https://storage.ko-fi.com/cdn/useruploads/display/4e1b7a86-58b1-4f4b-9070-985f55820091_3ojxw.gif

NwaNimo1 is cursed with poverty. 🤣🤣🤣🤣🤣

Good move, NNPC is one of the most corrupt organizations on the surface of the earth after FIFA. That said, FG should at least subsidize 25% of the cost now that we transact in Naira. Its hard to see how else Prices would drop if Dangote is the sole supplier of crude in Nigeria. Thats a huge monopoly to have. Yes, other refineries might suddenly start to resume operations, infact i m sure PH refinery would start to work now that NNPL dont have money to share, FG still need regulate the cost of energy in Nigeria, they just cant hands off, its dangerous.

They can lift it after you guys have already inflates the product...am just wondering why Nigerians is this calm... aswear in Lybia I am right now, they can't try such, then for don even kill the president...Lybia no dey take shit ooo, if I no like that country self for the social amenities like stable light, road and they make like easier for their self I like them, only foreigners faces challenges..some weeks back here their is little scarcity of fuel but not even up to a week self then don dey bring their machinery, armoured vehicle come out, for different areas.. no b say theñ go inform theirself ooo, na their mindset..my people just a week fuel supply came.back to normal,.and price still d same..but Nigeria own case is different...fuel is cheaper just like water
.. everybody drive around with full tank..even generator self you hardly out it on when their is light.. we need a good leader in Nigeria seriously..even if den go theif self make then provide social amenities for the citizens.. after all no b there papa money,..it's melt for all

ogododo:
https://saharareporters.com/2024/10/11/breaking-nigerian-govt-permits-oil-marketers-bypass-nnpc-lift-petrol-directly-dangote

We are on our way to a fully deregulated market. Running and managing it well will lead to competition and efficiency in the long run. It would eliminate the racketeers whose daily income is from arbitraging and pouting rental costs on Nigerina through petroleum products import.


Let Dangote continue. His intrusion into the market has begun to yield fruits.

Please who are the people in this NNPCL? Have these evil people decided to punish Nigerians in their attempt to blame the govt or what? Every move to ease petrol problem being mauled down by NNPCL, pls who the hell are these NNPCL?

Dangote dangote still dey find money o

ednut1:
I remember when dangote was crying . Now he has gotten his way baba no send us again 😂

This was what those gullible idiots couldn't read, when they were cheering Dangote

Why is Dangote finding it so difficult to announce the cost of his petrol, just as he did with diesel and aviation fuel?

Bytheway, I suggest the government owned refineries should be put up for sales ASAP to private investors so we can eventually have some competition in the market.

udemzyudex:
Rubbish information.
Earlier reports says NNPC is no longer acting as a middle man and setting the price.
That's the reason for the increase in price now, so which is FG bypass NNPC again?
FG dey sleep before?

Go back and read the story again.

ogododo:
https://saharareporters.com/2024/10/11/breaking-nigerian-govt-permits-oil-marketers-bypass-nnpc-lift-petrol-directly-dangote

Subsidy rent seekers are comatose right now. Nigeria will be better in shaa Allah.

The major issue now is the pricing

lexy2014:
if FG is "permitting" marketers to lift from dangote, how then is that deregulation?

The deregulation will engeader the principle of open access without discriminating business practices, in line with the willing sellers and willing buyers methodology.

The onus is now on Dangote to ensure that PMS are not smuggled to our neighbouring countries.

Titilayomiegusi:
Will this do anything to our pump price

Will definitely increase the pump price

Realdeals:
The onus is now on Dangote to ensure that PMS are not smuggled to our neighbouring countries.

That's the work of your government and custom

lexy2014:
if FG is "permitting" marketers to lift from dangote, how then is that deregulation?

that literally means it has been fully deregulated.

Marketers can directly buy any retailers of their choice be it dangote or imported instead of nnpc that is owned by government that is telling them the price they have to sell to consumers.

ogododo:
https://saharareporters.com/2024/10/11/breaking-nigerian-govt-permits-oil-marketers-bypass-nnpc-lift-petrol-directly-dangote

They why is NNPCL still fixing prices?

NNPC still has their cut in every product being lifted from dangote refinery

De play just dey play

After NNPC has fixed prices abi

seanfer:
NNPC was used by the Cabals to negotiate with Dangote reason why the NNPC is the one setting retail price, and now Dangote is no longer granting interviews like before, maybe they're on the same page now....
Till now they did not tell us how much they are selling crude to Dangote.

How could the citizens be this foolish not to know that this is what MUST definitely happen?

They kept cheering Dangote like he is a savior

Voltron007:
They’ll keep posting same news with different captions.

Because some people want to post nonsense.

The recent changes in fuel distribution signal a shift in Nigeria's petroleum sector, particularly with the Dangote Refinery.

The Minister of Finance, Wale Edun, said that NNPC is no longer the exclusive off-taker of Dangote Refinery products, allowing for a more competitive and deregulated market.

This follows the Federal Executive Council's directive to use naira for crude oil sales and local distribution.

Now, petroleum marketers can purchase fuel directly from refineries under negotiated terms, bypassing NNPC.

This competition is expected to enhance market efficiency and benefit consumers through improved pricing and availability.

The government's goal is to create a fully deregulated market for all petroleum products, boosting local production and reducing reliance on foreign imports.

But why did NNPC change price to punish people more?Hope the marketers will sell below NNPC price

After fixing the price...?

Where are the local sellers (competitors to the Dangerous Dangote). Government should allow other refineries work.

Note: I wanted to type Dangote but auto correct / complete brought dangerous & I let it be.

lexy2014:
if FG is "permitting" marketers to lift from dangote, how then is that deregulation?

did you go to school?get a dictionary and check the meaning of deregulation. Nairaland is now full of blockheads