₦airaland Forum

Godjone:
You said refinery will start working and when that is achieved, the price of PMS will drop significantly. Today, two of the refinery are already active but the prices keep souring higher.
Their next skit is to divert attention to how crude please price have increased in the international market yet we are a country that have crude and by virtue of the two activated refineries, international prices should not affect us.
The man tinubu and his gangs of tribalists have come to kill Nigeria and Nigerians . Very very insensitive animals

My brother there no any reform anywhere,it is just pricing
Because the government is a monopoly in so many products it just increased prices arbitrarily to arrive at its projected revue at the expense of the people, the government increased taxes, increased interest rates ,increased forex price,increased fuel price in an insane manner never witnessed before,increased school fees beyond what parents and students can afford,he increased the price of electricity
In all these you can see that the driving force is revenue,which they will squander on luxurious living, such as suv, limousine, bogous jet,yacht etc
This administration is a self centred, insensitive one
Which is like a weapon fashioned against Nigerians

AllBlack:
Fools going for meeting upon meeting with the FG without considering future expectations and statistical projections. NLC was just going there for DTA and meeting allowance and FREE BREAKFAST. Now they are crying.

People that left the struggle and went to Switzerland to flex can not be trusted to pilot the affairs of the Nigerian masses. Ajaero is a failure and Nigerians need to wake up and protest against the NLC.

is it the job of NLC to pilot the affairs of the masses? Did Nigerians voted for this NLC in the last elections? What are your senators and representatives doing? It is their job to check mate the executive government and be the voice for masses. NLC should focus on the welfare of their members.

Standing5:
NLC need a dictionary to lookup the meaning of DEREGULATION.

And the government was interfering on dangote fuel pricing, because they don't want dangote to cast them, that all this fuel subsidy thing is a scam, each government put prices depending on the profits it wants to take out
Tinubu is just a heartless greedy fellow who wants maximum profits for his vanities
From 197 to over 1000 ,can only be from some on unstable

Raiders:
is it the job of NLC to pilot the affairs of the masses? Did Nigerians voted for this NLC in the last elections? What are your senators and representatives doing? It is their job to check mate the executive government and be the voice for masses. NLC should focus on the welfare of their members.

They should disband if they have become useless
This ajero has disappointed the past heroes of NLC

Olatunji1929:
you must be under a serious curse guy

adenigga:
•Labour fears hike will fuel food crisis

•Increase in line with rising crude price –Dangote

The Nigeria Labour Congress has frowned on the recent hike in the pump prices of Premium Motor Spirit, popularly called petrol, describing it as the height of insensitivity against the masses.


Source: https://punchng.com/NLC-faults-fresh-petrol-price-hike-says-FG-insensitive

The complains end there

NLC are out of tune with reality, it appears they are filled with official that cannot reason. They are still the one opposing the Tax and Revenue Bill.

Godjone:
You said refinery will start working and when that is achieved, the price of PMS will drop significantly. Today, two of the refinery are already active but the prices keep souring higher.
Their next skit is to divert attention to how crude please price have increased in the international market yet we are a country that have crude and by virtue of the two activated refineries, international prices should not affect us.
The man tinubu and his gangs of tribalists have come to kill Nigeria and Nigerians . Very very insensitive animals

I weak o. Abi are we importing crude from international market again? This Nigerian economics no dey any known textbook at all.

Nlc you guyz should get out!! Bunch of unserious sycophants

hmohammed:
Are these guys okay. What has FG got to do with petrol price

You sound unlettered. Government makes policies targeted at reducing inflationary pressure, unemployment and maintaining a quality standard of living. Petrol price is a major determinant of the trajectory of other economic variables in Nigeria, as it is the main-stay of Nigeria economy. So, it is the duty of the government to explore different ways to reduce the price either by subsidy or PPP arrangement.

Nowaho now today fuel increase this labour's high self

Is the NLC OK?
Can they say they don't know how oil pricing works?

And they will continue to lie.

hatchy:
He is not known as T-Pain for nothing.
I have told my family and friends to brace up because this year will be toughest. All the propaganda aren't working and their lies are being exposed one after the other.

Between Tuesday and Friday last week, the Federal government thru the CBN have decimated over 460 million dollars of our reserves to support the Naira. The Naira is being supported but for how long?
They lied to us in 2014, they continue lying to us till this 2025.

Chukwudi4naija:
You sound unlettered. Government makes policies targeted at reducing inflationary pressure, unemployment and maintaining a quality standard of living. Petrol price is a major determinant of the trajectory of other economic variables in Nigeria, as it is the main-stay of Nigeria economy. So, it is the duty of the government to explore different ways to reduce the price either by subsidy or PPP arrangement.

Forget subsidy. Any other ideas?

You are accusing someone of being unlettered when it is you that is failing to understand that this is a globally priced product. Simply because it comes out of the ground in Nigeria it must be cheap. You ignore the fx component of extraction, refinining and storage and the other side of the revenue balance sheet for a simplistic " let us throw something at the government" argument.

You will probably want us to return to the state subsidized pre telco NITEL era of cheap calls with low access and value added.

No one will invest in any sector that is not profitable. Simple. Prices fall in the long term. Knee jerk responses to price fluctuation are Infantile.

If you went to university in NG was your education not massively subsidized? Was it not the massive subsidies you enjoyed in education, fx, power etc that are causing problems for the next generation.

And you want to perpetuate that? Please.

The NLC is being led by stupid people! I am sorry to say that.
How can any serious person blame the FG for this? The PMS pricing is out of FG'e hand! FG no longer has a say in the pricing of PMS!
Did same NLC praise the government when PMS price reduced?
Nonsense!!!!

Chukwudi4naija:
You sound unlettered. Government makes policies targeted at reducing inflationary pressure, unemployment and maintaining a quality standard of living. Petrol price is a major determinant of the trajectory of other economic variables in Nigeria, as it is the main-stay of Nigeria economy. So, it is the duty of the government to explore different ways to reduce the price either by subsidy or PPP arrangement.

From what you have written up there, it is obvious you are very lettered but lack basic economic sense. I do not expect you to know it all, but where you fall short, try to ask question or seek clarity and do not think big english will conceal your ignorance of the subject matter.

That's why Trump didn't invite him. Wicked insensitive government

I still bought fuel for 925 in lagos yesterday night
.. unless they increased it today.

NLC hmmm

Godjone:
You said refinery will start working and when that is achieved, the price of PMS will drop significantly. Today, two of the refinery are already active but the prices keep souring higher.
Their next skit is to divert attention to how crude please price have increased in the international market yet we are a country that have crude and by virtue of the two activated refineries, international prices should not affect us.
The man tinubu and his gangs of tribalists have come to kill Nigeria and Nigerians . Very very insensitive animals

Price kept soaring higher.....but when the price came down to N935 n ko

BreconHills:
Forget subsidy. Any other ideas?

You are accusing someone of being unlettered when it is you that is failing to understand that this is a globally priced product. Simply because it comes out of the ground in Nigeria it must be cheap. You ignore the fx component of extraction, refinining and storage and the other side of the revenue balance sheet for a simplistic " let us throw something at the government" argument.

You will probably want us to return to the state subsidized pre telco NITEL era of cheap calls with low access and value added.

No one will invest in any sector that is not profitable. Simple. Prices fall in the long term. Knee jerk responses to price fluctuation are Infantile.

If you went to university in NG was your education not massively subsidized? Was it not the massive subsidies you enjoyed in education, fx, power etc that are causing problems for the next generation.

And you want to perpetuate that? Please.

You are really delusional about this 'Globally priced product' mumbo jumbo. Why are other oil producing countries not adhering to that? Something sourced at your backyard is beyond your reach.

What is wrong with subsidising a product that affects the curve of other variables, which are food prices, transportation, employment, etc? Does it mean the resources for exploration, refining and storage cannot be sourced locally?

No nation that wants quality standard of living not subsidise most of its necessities, even when they are globally priced product you people are using to gaslight the populace.

T. Pain just wan finish Nigerians before 2027

Paraman:
Yigbodients Zombies are already wailing over nothing.

wasteland supremo well done bst

What is wrong with NLC? Is it FG that controls crude oil prices or NLC wants the reintroduction of subsidy?

adenigga:
•Labour fears hike will fuel food crisis

•Increase in line with rising crude price –Dangote

The Nigeria Labour Congress has frowned on the recent hike in the pump prices of Premium Motor Spirit, popularly called petrol, describing it as the height of insensitivity against the masses.


Source: https://punchng.com/NLC-faults-fresh-petrol-price-hike-says-FG-insensitive

Chukwudi4naija:
You are really delusional about this 'Globally priced product' mumbo jumbo. Why are other oil producing countries not adhering to that? Something sourced at your backyard is beyond your reach.

What is wrong with subsidising a product that affects the curve of other variables, which are food prices, transportation, employment, etc? Does it mean the resources for exploration, refining and storage cannot be sourced locally?

The countries you are comparing Nigeria with what is their population, how many of them squandered oil proceeds when they were at their highest in the 70's, 80's and 2010-2014? What is their cost of extraction; are their fields onshore or deep water fields. You don't just compare without basis.

No nation that wants quality standard of living not subsidise most of its necessities, even when they are globally priced product you people are using to gaslight the populace.

Let me make this very simple.

What is the true cost of the subsidy?
1. Lower margins for OIO's, lower/no investment in new fields, rigs, leading to lower production numbers. Lower production numbers means lower fx revenue.
Dangote, and all the other refineries will collapse or import to serve overseas markets if they can find them.
2. Subsidies are also a tax on government forward fx revenues. Meaning lower reserve numbers and hence inability of manufacturers and business to secure replacement parts and production inputs.
3. Without a shadow of doubt 1 and 2 will still lead to the inflation you are trying to avoid as fx priced inputs skyrocket with an exchange rate closer to $3000 - 3500 based on low fx.

4. Don't forget that of the $41bn in reserves now some has been committed to debt repayments and sovereign obligations - your subsidies will eat into this and turn 11 month import cover of today into 0-1
month cover.

Only a madman or a person advised by a madman will be talking of subsidising fuel which supplies the bulk of Nigerias fx.

Nigeria is going through what every developed country has gone through and it will stay the course. There will be no deviation

Apus:
Tinubu's government is truly insensitive. Why should international crude oil price affect local price even after the crude for naira sale agreement.

There are people really bent on suffocating and killing Nigerians.

Some of you make me laugh.

Does the crude for naria sale agreements, protect the buyers of crude oil from increase In the international price of oil?

Godjone:
You said refinery will start working and when that is achieved, the price of PMS will drop significantly. Today, two of the refinery are already active but the prices keep souring higher.
Their next skit is to divert attention to how crude please price have increased in the international market yet we are a country that have crude and by virtue of the two activated refineries, international prices should not affect us.
The man tinubu and his gangs of tribalists have come to kill Nigeria and Nigerians . Very very insensitive animals

So you believed that lie by APC Zombie supporters?

The major determinants of the price of PMS is the price of crude oil and not the number of oil refineries you have.
Crude oil prices is fixed by international market forces and not by the Nigerian government.

SKYHIGHfx:
So anybody against the harsh economy policy of the F.G is tagged igbo, if na this brain u day use cross road abeg stop before trailer jam u.. What manner of reasoning is this in this 21th century... Kai

If 4 good na!!!

Of what use is the idiot to Nigeria and humanity?

Ijaya123:
How long will it take NLC to understand that Tinubu is not in the business of selling petrol? And is it his fault price of crude oil has increased?

If you want cheap fuel, pull your members working in the downstream together to start importing fuel and they can then sell at N500 per litre.

After all, the sector has been deregulated. The more players we have, the better.



Yes it shouldn’t affect us since the crude oil is given to the refineries free.



Who are the people? You mean you and your family members?

Bytheway, how much tax are you paying g exactly?



Nothing will make sense to people with sawdust in between their ears.

You will need the 30k more than me since you can’t afford 2 meals in a day.

Bla bla bla.

Free data dey cause am.

Zombie

Paraman:
Yigbodients Zombies are already wailing over nothing.

Hahaha shut up you are the one dying in sefia pain 🤣 T-pain showing the Country the true definition of SHEGE Banzia 🤣😁

May the strongest survive.

EdiskyHarry:
According to APC bastards and the brainless tinubu supporters " everybody in Nigeria must see severe hardship, Hunger, pains and finally slump and die so that the next generation will enjoy tinubu's long term policies.

Loll Apc supporters are hopless zombie happy slaves make We wait for them make them come cry and wail Obi 😁 sapele914 oya come wail and sorrow Igbo yoooo wey God create and destine you to do till you go die enter na😁😁