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Hardship: Daily Petrol Consumption Crashes By 92% Under Tinubu — NMDPRA - Politics (2) - Nairaland

Nairaland ForumNairaland GeneralPoliticsHardship: Daily Petrol Consumption Crashes By 92% Under Tinubu — NMDPRA (14868 Views)

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Re: Hardship: Daily Petrol Consumption Crashes By 92% Under Tinubu — NMDPRA by Omoawoke(m): 10:08pm On Oct 21, 2024
Tinubu has single handedly tackled climate change concerns in Nigeria
Re: Hardship: Daily Petrol Consumption Crashes By 92% Under Tinubu — NMDPRA by GenFunction: 10:11pm On Oct 21, 2024
B4 nko...when people park motor for house nko
Re: Hardship: Daily Petrol Consumption Crashes By 92% Under Tinubu — NMDPRA by Karleb(m): 10:19pm On Oct 21, 2024
shocked shocked shocked shocked shocked
Re: Hardship: Daily Petrol Consumption Crashes By 92% Under Tinubu — NMDPRA by maxoemmy: 10:20pm On Oct 21, 2024
Quick question. Why was Niger gettin 21 trucks?
Re: Hardship: Daily Petrol Consumption Crashes By 92% Under Tinubu — NMDPRA by IjeBos(m): 10:21pm On Oct 21, 2024
DeLaRue:
In this case, some factors have not remained constant.

With prices in August and September hovering above N1000 in many areas, smuggling of petrol to neighbouring countries will have reduced.

Improvement in power supply in certain parts of the country has resulted in fewer people fueling their generators at the same level as before.

Finally, fuel price increase has resulted in many car owners cutting down on their car usage.

These 3 factors have contributed to usage levels crashing.
If the oil can be sold globally, why would they sell it in Nigeria for a lower price?
Re: Hardship: Daily Petrol Consumption Crashes By 92% Under Tinubu — NMDPRA by lexy2014: 10:22pm On Oct 21, 2024
DeLaRue:
In this case, some factors have not remained constant.

With prices in August and September hovering above N1000 in many areas, smuggling of petrol to neighbouring countries will have reduced.

Improvement in power supply in certain parts of the country has resulted in fewer people fueling their generators at the same level as before.

Finally, fuel price increase has resulted in many car owners cutting down on their car usage.

These 3 factors have contributed to usage levels crashing.
how do you know that smuggling to neighboring countries have reduced?

did you witness any smuggling to neighboring countries pre may 29 last year?

how is price responsible for smuggling?

how is fuel smuggled out or neighboring countries?

how has power supply improved in certain parts of the country?

which parts of the country are you referring to?

what was the supply before, what is it now?

if fuel consumption has crashed to a whopping 92%, why has supply not crashed by the same percentage or something close?
Re: Hardship: Daily Petrol Consumption Crashes By 92% Under Tinubu — NMDPRA by surgical: 10:24pm On Oct 21, 2024
Zionmdde:
What kind of nonsense achievement is that
Ok rice consumption
Car sales
Consumption of Everything that makes a common Nigerian comfortable have all crashed under tinubu
And that is an achievement



Anyway vote apc for 2027
2027 far o
The direction we are going, we must hit oil
Re: Hardship: Daily Petrol Consumption Crashes By 92% Under Tinubu — NMDPRA by Eraddray(m): 10:29pm On Oct 21, 2024
After the purchasing power been reduced
Re: Hardship: Daily Petrol Consumption Crashes By 92% Under Tinubu — NMDPRA by fineboynl(m): 10:31pm On Oct 21, 2024
Why is the dollar not crashing. A lot of things they are not telling Nigerians. They are looting the dollars away from the economy that is the only answer.

Because i don’t understand the fact that import have reduced but dollar keep going higher despite the dollar they are borrowing
Re: Hardship: Daily Petrol Consumption Crashes By 92% Under Tinubu — NMDPRA by Judolisco(m): 10:32pm On Oct 21, 2024
For marketers to make a profit they must reduce the price of fuel... If not ehn... Na only them and their family members go dey buy fuel o
Re: Hardship: Daily Petrol Consumption Crashes By 92% Under Tinubu — NMDPRA by NewHe: 10:33pm On Oct 21, 2024
At least this should force prices down, but trust Nigerian traders e no concern them!
Re: Hardship: Daily Petrol Consumption Crashes By 92% Under Tinubu — NMDPRA by NewHe: 10:35pm On Oct 21, 2024
fineboynl:
Why is the dollar not crashing. A loft of things they are not telling Nigerians. They are looting the dollars away from the economy that is the only answer.

Because i don’t understand the fact that import have reduced but dollar keep going higher despite the dollar they are borrowing
Where's the dollar,? Or you thought Nigeria dey manufacture USD?
Re: Hardship: Daily Petrol Consumption Crashes By 92% Under Tinubu — NMDPRA by nedekid: 10:37pm On Oct 21, 2024
Kelklein:
Summary... Since APC came, they have created not less than 50million more poor people in 9 years.. in addition to the ones they met on ground. 15million of that is between last year and this year.

What a record.

Numbers don't lie.. we are living the reality.
As I always say, give apc the economy of Qatar, Switzerland, UAE, Norway and in 1 year the same outcome Nigerians are contending with will happen in those countries.
Re: Hardship: Daily Petrol Consumption Crashes By 92% Under Tinubu — NMDPRA by DonnyE(m): 10:38pm On Oct 21, 2024
tundegan:
The world is watching as Nigeria takes bold steps towards economic recovery. Tinubu is the man for the job and he will get it done.
You are a coward, and God will punish you people supporting this intentional act by devil Tinubu. The wealth of Nigerians have been reduced by at least 50%. Nigerians have become more poor.
Re: Hardship: Daily Petrol Consumption Crashes By 92% Under Tinubu — NMDPRA by iamtoofan: 10:39pm On Oct 21, 2024
tundegan:
The world is watching as Nigeria takes bold steps towards economic recovery. Tinubu is the man for the job and he will get it done.
Economic recovery captioned by worst performing currency (#)

economic recovery that reflects businesses shutting down and low interest of foreign investment

Between Tinubu policies and National grid its hard to tell which one is failing Nigeria the most


Tinubu is nothing but a disappointment and an overhype to most of us ... 2027 he is that mistake that mustnt be repeated at all cost.
Re: Hardship: Daily Petrol Consumption Crashes By 92% Under Tinubu — NMDPRA by iamtoofan: 10:49pm On Oct 21, 2024
Ikaeniyan0:
Nigerians were not the only ones consuming the fuel we were importing before.

I now move freely in Lagos, traffic has really reduced.

Once naira start gaining value, price of petrol will fall. Nigerians who have no business with owing cars are now parking their cars at home
what as the Tinubu govt done or what do you see that made anticipate naira will gain value

Person wey reach house early and person wey reach house late cos of traffic naa still nature go determine who go sleep pass.

Free road with no money in town is meaningless & unprofitable undecided ...
Re: Hardship: Daily Petrol Consumption Crashes By 92% Under Tinubu — NMDPRA by DuttyChuks: 10:49pm On Oct 21, 2024
Only pain! Take a T-pain drug.
Re: Hardship: Daily Petrol Consumption Crashes By 92% Under Tinubu — NMDPRA by ncoolsome(m): 10:59pm On Oct 21, 2024
Ikaeniyan0:
Nigerians were not the only ones consuming the fuel we were importing before.

I now move freely in Lagos, traffic has really reduced.

Once naira start gaining value, price of petrol will fall. Nigerians who have no business with owing cars are now parking their cars at home
So fuel price should determine who should own a car or not....
Re: Hardship: Daily Petrol Consumption Crashes By 92% Under Tinubu — NMDPRA by tete7000(m): 11:01pm On Oct 21, 2024
Biodun556:
This further expose subsidy scam

It means excess amount were quoted to either export to neighboring countries or embezzled through subsidy scam

92% drop is alarming
And it doesn't occur to you that demand and supply have inverse relationship? Beyond smuggling, many are struggling to survive and will trade luxury for essential foods.
Re: Hardship: Daily Petrol Consumption Crashes By 92% Under Tinubu — NMDPRA by Nobody: 11:01pm On Oct 21, 2024
tundegan:
The world is watching as Nigeria takes bold steps towards economic recovery. Tinubu is the man for the job and he will get it done.
Tunde!
Tunde!!!
Tunde!!!
How many times did I call you? What an elder see while sitting down, a child cannot see even if he climb the Iroko tree.
Grow up and be responsible or perish like a fool.
Re: Hardship: Daily Petrol Consumption Crashes By 92% Under Tinubu — NMDPRA by Tochux1: 11:09pm On Oct 21, 2024
Foolish president
Re: Hardship: Daily Petrol Consumption Crashes By 92% Under Tinubu — NMDPRA by ednut1(m): 11:10pm On Oct 21, 2024
Less demand for FX. But exchange rate is not falling
Re: Hardship: Daily Petrol Consumption Crashes By 92% Under Tinubu — NMDPRA by santaclaws: 11:16pm On Oct 21, 2024
DeLaRue:
In this case, some factors have not remained constant.

With prices in August and September hovering above N1000 in many areas, smuggling of petrol to neighbouring countries will have reduced.

Improvement in power supply in certain parts of the country has resulted in fewer people fueling their generators at the same level as before.

Finally, fuel price increase has resulted in many car owners cutting down on their car usage.

These 3 factors have contributed to usage levels crashing.
The bolded is so true... The data doesn't account for reduced smuggling. Since subsidy was removed, smuggling also reduced drastically as the profit margins plunged significantly, so 98% is actually exaggerated.

Personally, I think due to the fact that majority of Nigerians no longer use their generators and low-earning private car users have stopped buying fuel, 70% is a safe estimate and that's a lot still.... shocked
Re: Hardship: Daily Petrol Consumption Crashes By 92% Under Tinubu — NMDPRA by ofwest47(m): 11:17pm On Oct 21, 2024
Brainless idiots anti Tinubu governmental Administration. In Nigeria you get everything imported from fly covered meat to Televisions BBC radio broadcast news during Muritala Muhammed cow meat importation. All of you anti Tinubu, in Nigeria from the word go do you get any national exported products from the country besides Petroleum products. From the Federal governmental level to all the 36 states and over several thousand local government so called administrations, is it not Petroleum monetary distribution systems for their so called governmental administration spending.
Re: Hardship: Daily Petrol Consumption Crashes By 92% Under Tinubu — NMDPRA by Sirianese: 11:20pm On Oct 21, 2024
Re: Hardship: Daily Petrol Consumption Crashes By 92% Under Tinubu — NMDPRA by Kaa4(m): 11:46pm On Oct 21, 2024
tundegan:
The world is watching as Nigeria takes bold steps towards economic recovery. Tinubu is the man for the job and he will get it done.
Omugo
Re: Hardship: Daily Petrol Consumption Crashes By 92% Under Tinubu — NMDPRA by godofuck231: 12:06am On Oct 22, 2024
Officially Nigerians are on they knees, in collars and chains
Re: Hardship: Daily Petrol Consumption Crashes By 92% Under Tinubu — NMDPRA by seguno2: 12:14am On Oct 22, 2024
tundegan:
The world is watching as Nigeria takes bold steps towards economic recovery. Tinubu is the man for the job and he will get it done.
Bold steps of taxing Nigerians to death for Tinubu’s billions yacht, Escalade and jet while the masses have to queue for bread and rice palliative because APC has increased unemployment huh

Are you serious or just kidding?
Re: Hardship: Daily Petrol Consumption Crashes By 92% Under Tinubu — NMDPRA by seguno2: 12:16am On Oct 22, 2024
DeLaRue:
In this case, some factors have not remained constant.

With prices in August and September hovering above N1000 in many areas, smuggling of petrol to neighbouring countries will have reduced.

Improvement in power supply in certain parts of the country has resulted in fewer people fueling their generators at the same level as before.

Finally, fuel price increase has resulted in many car owners cutting down on their car usage.

These 3 factors have contributed to usage levels crashing.
Crashing by as much as 92%?

How dramatic is that for everyone not to have noticed ithuh
Re: Hardship: Daily Petrol Consumption Crashes By 92% Under Tinubu — NMDPRA by NamelessOGBENI(m): 12:40am On Oct 22, 2024
The miners sorry a group of people called Nigerians are quietly going down to discover more hydrocarbons.

To then, there's unchartered territory to sinking lower and exploring the possibilities of hydrocarbons or hell is what most of them would fancy.
Re: Hardship: Daily Petrol Consumption Crashes By 92% Under Tinubu — NMDPRA by Konquest: 12:46am On Oct 22, 2024
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Alarm Bells Ring As Nigeria’s Refineries Collapse By 92%Nigeria’s Daily Petrol Consumption Reduces By 33.58% - NMDPRASubsidy Removal Drags Down Petrol Consumption By 28%234

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