₦airaland Forum

9jatriot:
The report that you sent basically explains what deregulation is, what the government hopes to achieve with it, other countries that have implemented it and the models they use, etc and not that they are still discussing it, abi it was another link you wanted to send.

Does that there tell you that the Government has in fact implemented deregulation for you to claim deregulation as a fact in Nigeria though? For instance, are marketers currently purchasing petrol directly from the refineries as we speak?

Yes it does. One of the places where it was stated is the second paragraph on "Impact on fuel prices".

Kobojunkie:
Does that there tell you that the Government has in fact implemented deregulation for you to claim deregulation as a fact in Nigeria though?

9jatriot:
Yes it does. One of the places where it was stated is in the second paragraph on "Impact on fuel prices".

Are you for real?

Impact on fuel prices
Fuel prices surged after subsidies were removed. Before deregulation, petrol prices were capped, shielding consumers from global oil market fluctuations. Now, prices are tied to international crude oil costs and exchange rates, causing immediate strain on households and businesses.
The cost of living has risen sharply, with fuel prices driving up transportation costs and electricity generation.
According to the National Bureau of Statistics (NBS), inflation spiked from 32.15 percent to 32.7 percent in September. Public frustration has been loud, reminiscent of the 2012 “Occupy Nigeria” protests. Many see subsidy removal as an added burden on those already economically strained.

Fuel Prices surged after the subsidy was removed yet Nigeria is expected to pay well over Naira 5.6 Trillion in Fuel Subsidies by the end of December 2024.
▶ How come the removed subsidy continues to cost Nigeria even more than before the announcement was made?
▶ Are you certain this was all a result of deregulation as claimed by the writer of that report?
▶ Why is Nigeria losing money instead of saving money if the fuel subsidy has been removed?
▶ Why is NNPCL still regulating the price of Fuel in Nigeria if deregulation has occurred?
▶ Why is the country in talks with Dangote as we speak to provide it with crude oil at a subsidized cost — fuel subsidies will now be paid maybe entirely to Dangote — if deregulation has happened?
▶ The article attempts to blame the rise in the cost of fuel and cost of living on the deregulation of petroleum but none of the facts point to this being in fact to blame now, does it?

Please use proper fonts, you are making me strain my eyes.

So this is the section that I read, I did not see anywhere in that report where in that particular section where it was claimed we still have to pay that subsidy.

Impact on fuel prices

Fuel prices surged after subsidies were removed. Before deregulation, petrol prices were capped, shielding consumers from global oil market fluctuations. Now, prices are tied to international crude oil costs and exchange rates, causing immediate strain on households and businesses.

The cost of living has risen sharply, with fuel prices driving up transportation costs and electricity generation.

According to the National Bureau of Statistics (NBS), inflation spiked from 32.15 percent to 32.7 percent in September. Public frustration has been loud, reminiscent of the 2012 “Occupy Nigeria” protests. Many see subsidy removal as an added burden on those already economically strained.

Kobojunkie:
Are you for real?
[size=8pt]Impact on fuel prices

Okay this font is better.

You sent a report that you claim supports your argument that deregulation has not started, then you are now contending with the same publication as if I was the one that wrote it or presented it.

Kobojunkie:
Are you for real?
Fuel Prices surged after the subsidy was removed yet Nigeria is expected to pay well over Naira 5.6 Trillion in Fuel Subsidies by the end of December 2024.
▶ How come the removed subsidy continues to cost Nigeria even more than before the announcement was made?
▶ Are you certain this was all a result of deregulation as claimed by the writer of that report?
▶ Why is Nigeria losing money instead of saving money if fuel subsidy has in fact been removed?
▶ Why is NNPCL still regulating the price of Fuel in Nigeria if deregulation has in fact occurred?
▶ Why is the country in talks with Dangote as we speak to provide it with crude oil at a subsidized cost — fuel subsidies will now be paid maybe entirely to Dangote — if deregulation has in fact happened?

I thought fuel consumption has crashed by 92%?

who is now consuming this 45m litres a day?

9jatriot:
■ Okay this font is better. You sent a report that you claim supports your argument that deregulation has not started, then you are now contending with the same publication as if I was the one that presented it.

The report itself does not state that deregulation has been implemented even though it attempts to put forward the opinion that the rise in the cost of fuel and living should be blamed on deregulation. Note that it was not written by me but by Nigerian media houses which are notoriously known for trash-riddled ideas meant to skew the facts presented within in favor of their paymasters.

My main reason is to find out from you where you get this fact that deregulation has indeed been implemented against the reality on the ground in Nigeria.

This is double speak on your part.
First of all, the headlines states it clearly.... every other point in the article supports that the sector is now deregulated. If the report is putting the reason for the increment in cost on deregulation, how then do you arrive at a contrary conclusion from what is written there in clear black and white.

I think you presented a publication that did not support what you are trying to argue about, I am sorry.

Kobojunkie:
The report itself does not state that deregulation has been implemented even though it attempts to put forward the opinion that the rise in the cost of fuel and living should be blamed on deregulation. Note that it was not written by me but by Nigerian media houses which are notoriously known for trash-riddled ideas meant to skew the facts presented within in favor of their paymasters.

My main reason is to find out from you where you get this fact that deregulation has indeed been implemented against the reality on the ground in Nigeria.

9jatriot:
This is double speak on your part. First of all, the headlines states it clearly.... every other point in the article supports that the sector is now deregulated. If the report is putting the reason for the increment in cost on deregulation, how then do you arrive at a contrary conclusion from what is written there in clear black and white.
I think you presented a publication that did not support what you are trying to argue about, I am sorry.

Fine.. throw out the article completely so we can move on. 🙄

Now tell us, when was the deregulation of petrol implemented in Nigeria? 🤔

Great, I guess you did not think I would go and read it.

Now, this is what you quoted, I cannot remember putting a timeframe to it, your argument was that it is not true that it has been deregulated, and wanted to prove that it wasn't.

Since I did not put a particular time, I will not be bothered to tell you.

Kobojunkie:
Fine.. throw out the article completely so we can move on. 🙄

Now tell us, when was the deregulation of petrol implemented in Nigeria? 🤔

9jatriot:
Matters like this are not hard. Since petrol is now deregulated, you are free to claim any figure you like.

If you claim that you sold 50 million litres per day, no wahala, when time for account reach, you must show income that is commensurate with the 50 million litres per day.

Incase their calculator don spoil, let me help them calculate it down. So we will be expecting them to show "Receivables" of 50,000,000 x 1070 = 53,500,000,000 naira per day.

I believe that is 53,5 billion naira income per day.

Non be wen dat time reach dem go come tell us say na 5 million litres they be wan write o,

9jatriot:
■ Great, I guess you did not think I would go and read it. Now, this is what you quoted, I cannot remember putting a timeframe to it, your argument was that it is not true that it has been deregulated, and wanted to prove that it wasn't. Since I did not put a particular time, I will not be bothered to tell you.

Again, Fine.. throw out the article completely so we can move on. 🙄

Now tell us, You claimed that Petrol was now deregulated — against realities on the ground— so, when was the deregulation of petrol implemented in Nigeria? 🤔

Imagine the impact of this consumption on the environment

Another bulablu!

All na just to get dollars through audio importation

What realities if I may ask...?

Kobojunkie:
Again, Fine.. throw out the article completely so we can move on. 🙄

Now tell us, You claimed that Petrol was now deregulated — against realities on the ground— so, when was the deregulation of petrol implemented in Nigeria? 🤔

Kobojunkie:
The report itself does not state that deregulation has been implemented even though it attempts to put forward the opinion that the rise in the cost of fuel and living should be blamed on deregulation. Note that it was not written by me but by Nigerian media houses which are notoriously known for trash-riddled ideas meant to skew the facts presented within in favor of their paymasters.

My main reason is to find out from you where you get this fact that deregulation has indeed been implemented against the reality on the ground in Nigeria.

The independent marketers that imported recently before dangote filed a suit against them were in business to fail I guess? if the imported product price wasn't competitive enough with dangotes?

Linkzlikz:
■ The independent marketers that imported recently before dangote filed a suit against them were in business to fail I guess? if the imported product price wasn't competitive enough with dangotes?

Reports indicate that the government has yet to implement the Naira-for-crude deal with Dangote though, and the price of the product continues to rise — it is said to have risen even today, so what do you mean?

clefstone:
This is animal talk according to Fela. With all the empty fuel stations and deserted express roads, these people are lying through their teeth to perhaps justify importation. Wicked criminals. Hope they take these monies they are so desperate for to the underworld

It all boils down to these people are outrightly shameless they just lie .. they dont care whether e add up or not as long as they keep enjoying free money

That was how NBS said, to eat a standard meal cost around 1,300+, you can imagine

Then our useless leaders will now come out n say they understand our ... how can you understand our pain, when you dont even know to eat mere bread, tea & egg standard cost over 3k,

even bricklayer bread n coke combo cost over 1300 T pain must not pass 2027

Kobojunkie:
Reports indicate that the government has yet to implement the Naira-for-crude deal with Dangote though, and the price of the product continues to rise — it is said to have risen even to, so what do you mean?

The naira deal for crude sale has started. The terminology is what you don't understand... the actual price is still being calculated in dollars but payable in naira by the refiners... so when the naira takes a dive you should expect an increment in price!

Kukutente23:
That's not our full consumption

Most people can't even afford fuel

How many cars do you see at filling stations?

Filling stations are already closing down

At night walk into streets, darkness is all you will see if Nepa no dey ... in my area before we on gen like water now you begin to wonder if we all sold our gen
even when we On we set alarm clock must off T pain really humble us 🤣

Linkzlikz:
■ The naira deal for crude sale has started. The terminology is what you don't understand... the actual price is still being calculated in dollars but payable in naira by the refiners... so when the naira takes a dive you should expect an increment in price!

🙄 When did Dangote receive his first subsidized supply of crude via the Naira-crude deal from the Nigerian Government? 🤔

Kobojunkie:
🙄 When did Dangote receive his first subsidized supply of crude via the Naira-crude deal from the Nigerian Government? 🤔

Google they say isn't your enemy!
Just to enlighten you. Here you go... Mind you it isn't subsidized!

https://punchng.com/naira-for-crude-dangote-gets-nnpcls-first-supply/

Linkzlikz:
■ Google they say isn't your enemy! Just to enlighten you. Here you go... Mind you it isn't subsidized! https://punchng.com/naira-for-crude-dangote-gets-nnpcls-first-supply/

Oh, it just happened last week, and prices continue to rise. Interesting!

Does the Naira-to-Crude Policy not state that it would be subsidized? Or was that one over the heads of the Nigerian people?

Inflated number again...to allow for corrupt illegal shipment out of the country.

nah their money dem use buy am, NOT FREE.

Omooba77:
https://www.vanguardngr.com/2024/10/nigeria-consumes-50m-litres-of-petrol-daily-says-nmdpra/

Na lie,criminals,na every Nigerian daily consumption dey change?

This figure is a very biigg lie.!!

Lies from the pit of hell. This useless agency will just be quoting nonsense figures

Kobojunkie:
Oh, it just happened last week, and prices continue to rise. Interesting!

Does the Naira-to-Crude Policy not state that it would be subsidized? Or was that one over the heads of the Nigerian people?

Subsidized? Show me a prove of that na... the purpose for the policy was just to relief the naira of the burden on it and at the same time manage our scarce FX!

Lies from abokis in nmdpra

Linkzlikz:
✓ Subsidized? Show me a prove of that na... the purpose for the policy was just to relief the naira of the burden on it and at the same time manage our scarce FX!

Why didn't Dangote purchase the same crude from the IOCs before this?

Nigerians don't do any close to that. They are still the ones stealing the balance.

That was 3 years ago