₦airaland Forum

moderatedguy:
True .... cant the govt give a special dollar price to dangote

Antoeni:
To Be Honest & Sincere ,How Does This Affect Nigerians.This is Ridiculous and Adding Salt to injury. Any Orice more Than #500/650, is Not for Mass.

Antoeni:
This man is part of the the problem, just 20N, he is taking Nigerians for fools,
Dangote Just See Nigerians Finish

ufotunang:
..the government cannot give a special price because the economic policy that Tinubu and federal government is using is floating of the naira policy..this policy does not have an alternative price or special lower price... that is why Tinubu should change his economic policy to multiple exchange rates.. pegging of the naira policy... with this an alternative lower price or special lower price can be given to Dangote.. with this policy federal government can give Dangote 500 naira to a dollar.. in this pegging of the naira policy or multiple exchange rates economic policy .that is why nigerians are telling Tinubu to change his economic policy..but Tinubu refused to change it

zenqeeth09:
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ufotunang:
.. it's the high exchange rate of 1750 naira to a dollar causing the high costs of Dangote refinery fuel..if the exchange rate is from 700 naira to a dollar the price of fuel will be cheap... even if the oil marketers import in which they will use 1750 naira to a dollar to import the price of the imported fuel will still be expensive because of the high exchange rate of 1750 naira to a dollar

moderatedguy:
It would have been better and even easier to monitor than the previous system of subsidy payment.

RedScorpion:
All the same,

Let the importation and local production be happening together..

Dangote should not monopolize petrol distribution and supply in Nigeria...

It is not healthy for business and Nigerians.

ufotunang:
. Importation devalues the naira.. Importation depreciates the naira against the dollars and make it to lose value against the dollars.... that is why the naira is deprecriating everytime because of Importation..now 1750 naira to a dollar

RedScorpion:
And if you allow Aliko Dangote to be the sole producer/ supplier of petroleum products in Nigeria, that is also not good for our economy.

The man would wake up one morning and increase the price anyhow

We don't need monopoly in the Oil sector