₦airaland Forum

iwaeda:
Odun keresimesi ti tan. Let's wait for Warri and PH refineries, they will lower the selling price.

Yes this government is useless, but at the end, nothing comes for cheap

Welcome to deregulation. Subsidy as practiced by your herooes in pdp and apc brought us here.

This people are just so useless & heartless

shortgun:
The country is crumbling before our eyes—the economic has collapsed, record-breaking unemployment never seen in the country before, businesses are closing down leaving families they support in despair.
Parents are forced to endure the agony of seeing their children starve day after day.
Tinubu’s presidency will forever be remembered as the epitome of incompetence, corruption, and failure.
We once believed no leader could surpass Buhari’s ineptitude, but Tinubu has shocked us all by doing just that.
What makes this tragedy worse is the utter absence of hope for change or improvement.
Since the wicked son of lucifer removed subsidy there's nothing of benefit the average Nigerian can point to as the gains of subsidy removal

Keeping subsidy would have led to a debt of something like 200 trillion naira or more by now.

And zero refineries
And dangote exporting all his stuff abroad

If we kept petrol at 200 naira.

Things cost money. You don't have to support apc or pdp to believe that

CodeTemplarr:
Not bad considering that crude price has gone up after the last petrol price reduction.

Slave of the year

After complaining that N200 was too high during GEJ's time?

Jorussia:
I have been vindicated again.Forget all the noise,there is no way we as country can get the full benefit of full deregulation,if the govt don't address the current exchange rate.for Christ sake #1600 is too much and it doesn't have any Benefit to this country.The reasonable exchange should be around #800.

Unless the terms at which he is getting his crude for naira is known, I expect Dangote to keep manipulating us as that is his modus operandi. He will do all he can to frustrate the other marketers until he monopolizes the sector.

nairalanda1:
Every country that does not run a subsidy on fuel has fluctuating prices of petrol

Even saner climes like the USA.

Cost of production.

dont ever quote me in your useless life again.

How come you only come out when you see increase in fuel price and start talking rubbish?

FreeStuffsNG:
Blame Biden who slammed new sanctions on Russian oil tankers.

Oil has actually increased significantly to over $80 in the international market since Biden announced the new sanctions that will prevent almost 1m barrel of crude daily supply to the market.

So Biden is the one that plummetted your exchange rate black market from #735 to #1700. You never start. Your black market exchange rate was #735 when you floated it, not the official rate, black marker rate.
You destroyed your economy and you are calling Biden, you would call Trump. You never start.

We shall overcome. I trust President Tinubu.

One day we shall sing a new song

iwaeda:
Odun keresimesi ti tan. Let's wait for Warri and PH refineries, they will lower the selling price.

Infact ,in some places petrol will be for free


We don learned

Omoapena:
This people are just so useless & heartless

A really heartless government would have kept fuel at 65 naira per liter.

By now we would have been spending 900 to 1000 naira per liter in subsides, or somewhere around 100 billion naira a day in subsides

Which amounts to 36 trillion naira annually by now.

What was our budget for this year again?

And the resulting hole would be filled by loans.

The resuliting economic chaos would make today's hardship look like fun and good times.

saintopus:
But they told us that crude oil is being sold to Dangote Refinery in Naira so why the increase again

In Naira, but at the prevailing exchange rate!!!!!!!!!!!!!!!!!!

tpain121:
dont ever quote me in your useless life again.

How come you only come out when you see increase in fuel price and start talking rubbish?

You want the truth or you just want to hear lies?

I guess the latter.

Okay, we can buy fuel at 20 naira a liter. The government is lying to us.

You must be happy now.

nairalanda1:
Every country that does not run a subsidy on fuel has fluctuating prices of petrol

Even saner climes like the USA.

Cost of production.

Selling crude in Naira to Dangote and alleviating the transportation cost for him is a subsidy. The enumeration of Nigerian workers is cheap labour and a form of subsidy.

Dangote should be selling cheaper than US

nairalanda1:
A really heartless government would have kept fuel at 65 naira per liter.

By now we would have been spending 900 to 1000 naira per liter in subsides, or somewhere around 100 billion naira a day in subsides

Which amounts to 36 trillion naira annually by now.

What was our budget for this year again?

And the resulting hole would be filled by loans.

The resuliting economic chaos would make today's hardship look like fun and good times.

Greedy and self centered Nigerians wont mind FG taking loans if it gave them their N65 per litre petrol.

The other scenario would be what would happen if foreign countries, banks and multilateral agencies like IMF refused to give us loan again, because we were clearly going broke and would be unable to pay

The damage that would cause to this country and its economy would be 100times what we are going through now.

So better to arrange ourselves now and go through this shege, than go through a bigger shege down the road aka Zimbabwe and Venezuela!!

MadamExcellency:
Selling crude in Naira to Dangote and alleviating the transportation cost for him is a subsidy. The enumeration of Nigerian workers is cheap labour and a form of subsidy.

Damgote should be selling cheaper than US

Actually. No.

Dangote doesn't get anything for transportation.

And naira sale of crude is just government playing around with words. It is like me saying that I bought something that cost 1 dollar at 1600 naira. It don't make it cheap

Plus dangote has to run at a profit. He took loans plus workers must be incentivised not to go to foreign climes

FreeStuffsNG:
Blame Biden who slammed new sanctions on Russian oil tankers.

Oil has actually increased significantly to over $80 in the international market since Biden announced the new sanctions that will prevent almost 1m barrel of crude daily supply to the market.

Lololololololololololololol

Till fuel prices drop to 420 naira litre the Nigerian economy can never grow , this week alone I have spentbover 200k on just Petro for private use , I never add the one of office ooo...it's not sustainable, cheaper energy is a must to grow an economy

treesun:
https://www.vanguardngr.com/2025/01/dangote-refinery-raises-petrol-price-to-n955-litre/

Rasie am go N1,500 make everybody rest.

Then we will await the Subsequent Future Increments as usual.

I don't like all these Back and Forth.

My Financial Sources will never run dry by God's grace🙏

nairalanda1:
Actually. No.

Dangote doesn't get anything for transportation.

And the naira sale of crude is just the government playing around with words. It is like me saying that I bought something that cost 1 dollar at 1600 naira. It won't make it cheap

Plus Dangote has to run at a profit. He took loans plus workers must be incentivised not to go to foreign climes

When you don't know, just use ChatGPT or any other Artificial intelligence to help you get the foundational knowledge. It helps. But when you want to be an authority in a subject you lack expertise and foundation knowledge, how then do we help you?

MadamExcellency:
When you don't know, just use chatgpt or any other Artificial intelligence to help us get the foundational knowledge. It helps. But when you want to be an authority in a subject you lack expertise and foundation knowledge, how then do we help you?

When at a loss, the abuse starts.

Good evening, young virgin.

I thought crude was sold to him in naira

Wetin concern am with global oil prices again

YourNextLevel:
When some people were hoping that relieve will come from the refinery in our soil, i just laughed


Guys you don't know these people. They cry when you touch them only, just like few months ago

Very Wicked men up there. If you know you know

I think you got it wrong,as long as crude oil prices continue to fluctuate in the international market so is going to be the prices of products from dangote as he keep sourcing for crude oil from outside Nigeria,if Tinubu is serious about helping Nigeria n Nigerians,he should have made sure that everything under the sun is done to ensure that dangote gets crude supply from Nigeria but most ironically dangote is sourcing for crude oil from abroad with all the attached problems of international trade n Nigerians expect dangote to keep prices low!, even try the so call crude oil sale in naira to dangote doesn't mean much in practical terms, dangote has nothing to lose as his market is far beyond Nigeria, Nigeria n Nigerians should have themselves to blame if they fail to take the huge opportunity that dangote refinery presents

nairalanda1:


When at a loss, the abuse starts.

Good evening, young virgin.

Advice is not a curse.

You know nothing about selling crude oil in naira to Nigerian refinery. Yet you want to talk about the economics of it by saying it's just a pun on words and doesn't amount to subsidy. You are the one exposing yourself not the other way around.

FreeStuffsNG:
Blame Biden who slammed new sanctions on Russian oil tankers.

Oil has actually increased significantly to over $80 in the international market since Biden announced the new sanctions that will prevent almost 1m barrel of crude daily supply to the market.

Wetin concern Biden with Nigerian crude

CodeTemplarr:
Not bad considering that crude price has gone up after the last petrol price reduction.

zombie get option than to defend hardship?

nairalanda1:
The only way Nigeria can have a strong currency is via manufactured goods and services

And even then it won't make petrol cheap and affordable. People who give you the petrol all wanna be paid salaries that would prevent jakpa

if manufacturing is what really ensures strong currency, then why is the Japanese n Chinese currencies weak against the other major currencies like the dollar Euro n pound sterling?

tpain121:
dont ever quote me in your useless life again.

How come you only come out when you see increase in fuel price and start talking rubbish?

Bros please be easy on that man

nairalanda1:
The only way Nigeria can have a strong currency is via manufactured goods and services

And even then it won't make petrol cheap and affordable. People who give you the petrol all wanna be paid salaries that would prevent jakpa

I thought your theory says when subsidy is removed investments will flow in

What's going on?

And how come it is in Nigeria's case that petrol is not cheap and affordable

Ojuntana:
I thought your theory says when subsidy is removed investments will flow in

What's going on?

And how come it is in Nigeria's case that petrol is not cheap and affordable

Deepthoughts:
if manufacturing is what really ensures strong currency, then why is the Japanese n Chinese currencies weak against the other major currencies like the dollar Euro n pound sterling?

.

Barone!

nairalanda1:
On the other hand the only way to run a refinery is by allowing the refinery to sell fuel at a price that would earn it a profit that would enable it pay production costs.

That's why Ghana and Niger have working refineries

Having the government subsidies petrol leads to bad refineries and corruptions galore. As seen in Venezuela and Nigeria . And massive debt. As seen in Iran.

Nothing comes for cheap

Why is garri cheap?

Why does Saudi have cheap fuel and Libya too. Also US and China

Even Trump said the only way to reduce inflation is to have cheap fuel/energy