₦airaland Forum

Okoroawusa:
Well written. Local refining shouldn't cost as much as imported. We know that there's no more subsidy let's not kill ourselves by ourselves if actually we can locally produce cheaper fuel.

CodeTemplarr:
Nigerians in their induced entitlement state now demand accountability from private individuals instead of public office holders and top civil workers like Kyari of NNPCL.
What happened to state owned refineries? Lets start from there.
Secondly, how much is crude sold to Dangote, below international price?
Thirdly, why is Dangote's direct price to trucks N11 lower than NNPCL's price to trucks from same refinery? Where does the N11 go to?

Lithiumite:
The analogy of the OP is utterly selfish and self serving at best......international bench marking is the best way to go to bring about better accountability in the sector.....how can you on one hand be screaming full deregulation and upholding the PIA and on the other hand be encouraging govt to keep keeping their hands in the same crude by controlling prices..... cheaper fuel means more subsidy for the rich and neighbouring African countries because it will find it's way there somehow and you deprive govt from revenues they should have gotten from same space to the benefit of a few business men and smugglers.

We need to deemphasize the importance of PMS to our economy.....all major industries run on diesel and gas,our critical transportation sector like trucks,trains,barges and boats run majorly on diesel and this has long been unsubsidized without so much hue and cry,but the average elite wants to keep driving their convoys,V8 trucks and SUVs and fleeting around for every unproductive reason such as going to parties and clubs and other mindless fuel guzzling purpose.

The poor might not have any reason to go into a petrol station to buy a single liter of fuel because he probably has no car or bike or even a generator and if he does it would be majorly for commercial reasons.....yes you would scream wouldn't the poor need to Move around and pay high cost of transportation,the poor uses per less petrol per capita than the rich and if the poor needs to transport himself he would be most meticulous in his transportation needs.

oluseyiforjesus:
Leave petrol bring dollar to $1~#100 n see how Petro will follow suit......

Lithiumite:
The analogy of the OP is utterly selfish and self serving at best......international bench marking is the best way to go to bring about better accountability in the sector.....how can you on one hand be screaming full deregulation and upholding the PIA and on the other hand be encouraging govt to keep keeping their hands in the same crude by controlling prices..... cheaper fuel means more subsidy for the rich and neighbouring African countries because it will find it's way there somehow and you deprive govt from revenues they should have gotten from same space to the benefit of a few business men and smugglers.

We need to deemphasize the importance of PMS to our economy.....all major industries run on diesel and gas,our critical transportation sector like trucks,trains,barges and boats run majorly on diesel and this has long been unsubsidized without so much hue and cry,but the average elite wants to keep driving their convoys,V8 trucks and SUVs and fleeting around for every unproductive reason such as going to parties and clubs and other mindless fuel guzzling purpose.

The poor might not have any reason to go into a petrol station to buy a single liter of fuel because he probably has no car or bike or even a generator and if he does it would be majorly for commercial reasons.....yes you would scream wouldn't the poor need to Move around and pay high cost of transportation,the poor uses per less petrol per capita than the rich and if the poor needs to transport himself he would be most meticulous in his transportation needs.

EnemyofGod3:

It shall not be well with Dangote and he will die a painful death, Dangote is the main problem of Nigeria follow by fg,

Gboss247:
Are you really expecting NNPCL to buy at the same price with others when they are shareholders?

EnemyofGod3:
Shut up if you don't have any reasonable things to say.what has average Nigeria get from the fuel subsidy remover money ? What has Nigeria benefits from the money generated from subsidy remover ? Nothing.all the money generated from the fuel subsidy is being shared among the elites, nothing for the poor masses.is it not all of us enjoy the fuel subsidy than to few people sit down and be sharing the money generated from the fuel subsidy remover ? Stop defending nonsense.

CodeTemplarr:
Shareholders who were pressured by Buhari 's govt to have thoae shares and have come out openly to say, look, having a stake in the refinery doesnt align with their vision.

persius555:
You cant wish away the high cost of production in Nigeria as a result of high energy. In the absence of adequate power supply, manufacturing will continue to suffer. Households will continue to suffer. SMEs will continue to suffer

Gboss247:
Whether pressurized or not, NNPCL will buy products at Dangote refinery cheaper than others provided they remain shareholder

harmargedon:
do you know the price of crude oil, that should be your question. So you're expecting him to sell cheap when government sell crude at dollars rate

ncoolsome:
And do u know Imported fuel are cheaper?

harmargedon:
that's what the cabals want, they want that at some point people would agitate for imported fuel, so they work hard to run down his business

CodeTemplarr:
it doesnt work like that. Is dangote as a shareholder of Nigeria(a prominent citizen), buy crude cheaper?

Lithiumite:
The analogy of the OP is utterly selfish and self serving at best......international bench marking is the best way to go to bring about better accountability in the sector.....how can you on one hand be screaming full deregulation and upholding the PIA and on the other hand be encouraging govt to keep keeping their hands in the same crude by controlling prices..... cheaper fuel means more subsidy for the rich and neighbouring African countries because it will find it's way there somehow and you deprive govt from revenues they should have gotten from same space to the benefit of a few business men and smugglers.

We need to deemphasize the importance of PMS to our economy.....all major industries run on diesel and gas,our critical transportation sector like trucks,trains,barges and boats run majorly on diesel and this has long been unsubsidized without so much hue and cry,but the average elite wants to keep driving their convoys,V8 trucks and SUVs and fleeting around for every unproductive reason such as going to parties and clubs and other mindless fuel guzzling purpose.

The poor might not have any reason to go into a petrol station to buy a single liter of fuel because he probably has no car or bike or even a generator and if he does it would be majorly for commercial reasons.....yes you would scream wouldn't the poor need to Move around and pay high cost of transportation,the poor uses per less petrol per capita than the rich and if the poor needs to transport himself he would be most meticulous in his transportation needs.

CodeTemplarr:
Nigerians in their induced entitlement state now demand accountability from private individuals instead of public office holders and top civil workers like Kyari of NNPCL.
What happened to state owned refineries? Lets start from there.
Secondly, how much is crude sold to Dangote, below international price?
Thirdly, why is Dangote's direct price to trucks N11 lower than NNPCL's price to trucks from same refinery? Where does the N11 go to?

EnemyofGod3:
Shut up if you don't have any reasonable things to say.what has average Nigeria get from the fuel subsidy remover money ? What has Nigeria benefits from the money generated from subsidy remover ? Nothing.all the money generated from the fuel subsidy is being shared among the elites, nothing for the poor masses.is it not all of us enjoy the fuel subsidy than to few people sit down and be sharing the money generated from the fuel subsidy remover ? Stop defending nonsense.

coleon:
Whenever I read all these your nonsense posts, my position is that, it's either school failed you or you failed school, it has to be one of the two.
This exact idiocy, is what the government today sold to Nigerians that subsidy only benefit a few elites who are swallowing Nigerias money and the poor do not benefit from subsidy but today it's obvious to the blind that it is even the poor that benefits most from subsidy with the over 100% inflation that we are experiencing in Nigeria today, some cannot even feed and are already picking tomatoes on the floor.
You claim that it's only the elites that want cheap fuel to go to parties,but your shallow thinking did not tell you that the barbers, dry cleaners, mechanics, delivery guys,Uber drivers and food sellers need more cheap fuel daily to run their businesses than even the owambe people, are those people you alluded. Are they also elites?
You said cheaper fuel could lead to snuggling, is that not the failure of the government and why should the Nigerian populace be paying for the governments failure to secure her borders?
Finally, since the subsidy has been removed and the government is now getting more revenues, how has it benefitted the lives of the average Nigerian today? Are you better off today than you were last year, talkless of 5 years ago?
Infact this Tinubu administration has borrowed more than his predecessors despite his so called removal of subsidy. To say you are very dull is an understatement but you sound like a complete economic illiterate.

CaptainGo:
Why not go and build your own refinery so you can charge whatever amount you want?

1. Dangote is not the only person with license to refine oil in Nigeria.

2. You guys have no idea how much he is buying crude oil, plus the cost of refining etc.

3. Government has promised but failed to fix Nigeria's refineries after sinking trillions of naira into it?

4. If an individual like Dangote can build a refinery, what is stopping FG, State governments, and other individuals from building theirs?

But na Dangote be your problem.

EnemyofGod3:

It shall not be well with Dangote and he will die a painful death, Dangote is the main problem of Nigeria follow by fg,

ncoolsome:
If the cabals can give us cheaper fuel after paying shipment and other taxes,I would prefer them over a dangote that gets crude in naira without paying shipment yet sells at exorbitant price.

Aprocco:
Answer-
Why can't Dangote leave other sellers to import in peace while he exports as he has severally threatened and even earn FX proceeds.

Why can't he export? Are his products too expensive for international markets?

1. Can he allow holders of import licence sell in peace so that hapless Nigerians can buy whichever product they can afford?

2. If the importers who buy with FX, accrue freight are able to sell lower than him who buys in Naira and has incomparable freight cost, let him sell his refinery to those who understand the business.

3. It's not a permit to restrict Nigerians to a single seller they cannot afford.

4. Dangote's refinery is a private business, petrol is a public good Government must ensure affordability to the most vulnerable Nigerian either by building refineries, licensing private construction or trading.

To aid the local refinery, Government has allocated FX at concessionary rate, contributed equity, sold crude in Naira, etc to give Dangote the competitive edge,
Government also has an obligation to ensure there's no monopoly so as not to allow profit motive of a man who wouldn't mind recouping $20B investment in 6 months override the survival need of the populace

Lithiumite:
Your points are as pedestrian as can be....the elites are complaining more about subsidy removal,take that to the bank....who drives the expensive fuel guzzling cars,who needs to run his generators every sec there isnt power even while sleeping,who owns the gas stations and oil importation businesses getting subsidised petrol so more people can come buy thereby more profits for him... the poor has long adjusted their lives to current realities but it's the elites who are missing out on their frivolities to the detriment of the economy.

The poor benefits far less from subsidy than the rich....the major reason for the inflation we are experiencing isn't solely caused by subsidy removal but majorly our currency devaluation and our lack of adequate production of food.....maybe it's in your village or family that they are picking tomatoes in the streets,right here i haven't seen any.

Only a dumb shallow minded nitwit can think we can get out of this recession in just 18 months when our economy had already been in a downward spiral for several years......subsidy removal benefits isn't about giving people rice or money,its about re channeling the surplus to critical segments of our economy.

You claim tinubu has borrowed more money but you are too dimwitted as always to realise that Nigeria's debt to GDP has reduced,debt servicing to revenue ratio has reduced, foreign reserves is on the upswing,oil production has marginally improved from the abysmal 1.2m bpd to about 1.5m etc.

It is a fact that the macro economic outlook of our economy is very stable and positive but it's the micro that's a problem and your govs also have a huge role to play at that level to alleviate and improve the lives of their citizens.....but tell me what your gov has done it is doing to develop his state to the benefit of his citizens.

coleon:
I don't expect much from a dimbat. It's the usual rhetorics of a mumu zombie. All those nonsense you wrote is defeated as the realities on the street is staring at you in the face, the stark reality of today is that Nigerians are better off than they were last year or the years before, any attempt to deny that fact is playing the ostrich and sounding like a dull pupil. Ire oh.

oluseyiforjesus:
Leave petrol bring dollar to $1~#100 n see how Petro will follow suit......

Lithiumite:
Bloody dingbat like yourself should know that these reforms are painful because it's a whole surgical procedure on our economy.....there isn't any easy way out of it if we don't want to end up like Zimbabwe or Venezuela.....smart folks already knew we would get here because tinubu already told you what he was going to do and he did, atleast if for anything all the 3 presidential candidates agreed that subsidy must go and we need to liberalise our forex market,so why are you hating that it's been done now......only fools would believe there is an easier way.