₦airaland Forum

iwaeda:
Your leaders are culpable.

They're not my leaders, they're mere politicians who lack leadership essentials.

Perhaps they're YOUR leaders, so speak for yourself.

May Nigeria never happen to me again now and after life.

Amoda bola Ahmed Sangodede a disgrace to all omolúàbís.

santaclaws:
They're not my leaders, they're mere politicians who lack leadership essentials.

Perhaps they're YOUR leaders, so speak for yourself.

We have lost humanity to politics.

Same way we're exporting electricity while we are suffering in darkness

chatinent:
Malta refineries come to mind..

They were denying it na. I have stopped trusting apc since buhari first term in office.

Felixv:
easy profits for the importers..dangote has to further reduce the price of pms and his other products to make the imported fuel less competitive

Exactly. Let the market decide. If it's still profitable to bring in foreign products, Dangote and PH refinery have to do better.

Abracadabra

Why wont Nigeria import? How will the foreign refineries owned by some people's new saint like Babaginda and other past leaders sell?

NNPC import and export I hail ooo

Ebola the biggest scammer ever liveth!

treesun:
https://www.arise.tv/nigeria-spends-n930bn-on-fuel-imports-in-february-despite-rising-local-refining-capacity

This is no story. It is a free market driven by market forces. You can choose to import or refine locally. Market forces will drive competition otherwise we might be in another cement monopoly

stonemasonn:
And where is BAT in all these, I mean I don't know how a so called developer of Lagos can be so passive on matters affecting his regime.

Bro,me I no nooo .
But,Matt7: says..16You will [p]know them by their fruits. [q]Grapes are not gathered from thorn bushes, nor figs from thistles, are they? 17So every good tree bears good fruit, but the bad tree bears bad fruit. 18A good tree cannot bear bad fruit, nor can a bad tree bear good fruit. 19Every tree that does not bear good fruit is cut down and thrown into the fire. 20So then, you will [r]know them by their fruits.
The above verses said it all.

Eriokanmi:
Whose fault? When I told you dangote isn't the mopoly that the apc illiterate supporters were ranting about, they didn't believe it. Dangote came to rescue them from the shackes of their slave drivers but they didn't know. Before the August 2024's refining commencement date, dangote said he'd flood the market with his product at a cheaper price and the NNPCL (the real monopoly) kicked, just because they wanted the status quo of subsidy scam to be maintained and codedly. The same NNPCL backed by cabals had refused to allow our refineries to work for decades despite wasting billions of dollars of tax payers money on TAM.

Dangote fought them dirty and they said his petrol was adulterated, meanwhile the ones NNPCL imported from Malta blending facility owned by mr man was found to be impure. From there they hijacked the downstream operations and dictated the selling price to marketers and the excess goes to their pocket and he accepted. Dangote only kicked when the NNPCL said they'd still appoint 3 marketers to complement dangote's local supply because he's unable to meet up.

Dangote came out with figures, that he could even exceed local supppy, now went to court to obtain a court order against NNPCL moves, which he later withdrew as advised by his associates but NNPCL went ahead as planned. Dangote had slashed price twice and now, the marketers appointed to import are crying over billions of naira losses. We knew their games from the start but these illiterate guys didn't.

The question is, who will now take care of the billions they lost? The phc refinery is nothing but a blending facility and I remember yelling this on nairaland before kyari now said there's nothing wrong in blending.

Nigeria will gain true independence any day we nip tribalism in the bud. We're not ready yet. Sadly, the masses keep being shortchanged, the same people who are supporting these scammers called leaders.

well said

Most of our comments here are out of ignorance, there's the Petroleum Industry Act that says petrol can be imported to augment local supply shortfall. NNPC haven't imported this year only licensed private importers did. And there's nothing bad in importation as it is to compete with local refineries so as to make the market competitive. If the local refineries pricing is cheaper than that of imported, no one will dare want to import at a loss. The more the sector is deregulated and no subsidy payment from government, competition will be beneficial to the consumers. Allowing importation is OK to checkmate monopolistic tendencies from local producers. Assuming there's no importation, Dangote wouldn't have brought his price down, competition forced him

Allow the imports ..my owmnis that CBN most not give it to them ..they should also source of at yhe black market..let the price wae begin.malso Government must force transporters to lower theor price...wicked set of human beings ..price goes up they hike price come down them remember spare part.Nurtw is one of the the biggest headache Nigerian economy is facing..vwey unproductive union oflazy chairmen excos

Eriokanmi:
Whose fault? When I told you dangote isn't the mopoly that the apc illiterate supporters were ranting about, they didn't believe it. Dangote came to rescue them from the shackes of their slave drivers but they didn't know. Before the August 2024's refining commencement date, dangote said he'd flood the market with his product at a cheaper price and the NNPCL (the real monopoly) kicked, just because they wanted the status quo of subsidy scam to be maintained and codedly. The same NNPCL backed by cabals had refused to allow our refineries to work for decades despite wasting billions of dollars of tax payers money on TAM.

Dangote fought them dirty and they said his petrol was adulterated, meanwhile the ones NNPCL imported from Malta blending facility owned by mr man was found to be impure. From there they hijacked the downstream operations and dictated the selling price to marketers and the excess goes to their pocket and he accepted. Dangote only kicked when the NNPCL said they'd still appoint 3 marketers to complement dangote's local supply because he's unable to meet up.

Dangote came out with figures, that he could even exceed local supppy, now went to court to obtain a court order against NNPCL moves, which he later withdrew as advised by his associates but NNPCL went ahead as planned. Dangote had slashed price twice and now, the marketers appointed to import are crying over billions of naira losses. We knew their games from the start but these illiterate guys didn't.

The question is, who will now take care of the billions they lost? The phc refinery is nothing but a blending facility and I remember yelling this on nairaland before kyari now said there's nothing wrong in blending.

Nigeria will gain true independence any day we nip tribalism in the bud. We're not ready yet. Sadly, the masses keep being shortchanged, the same people who are supporting these scammers called leaders.

there's nothing wrong in importation, we can't create a monopoly, if Dangote produce enough petrol and his price is cheaper than that of imported, definitely no one will want to import. But if importers feel landing cost can still compete with Dangote's price, the tendency for them to import will be there

If importation is banned, Dangote would fleece Nigerians as he did with cement.

It is better this way.

Someone is lying somewhere
And stealing
And planning to pay fake fuel subsidies

Manny21:
Subsidy is not gone. It is the beneficiaries that have changed

Subsidy has gone.If not, you would have been buying fuel at less than 400 naira by now

Illiterates everywhere

JuanDeDios:
Exactly. Let the market decide. If it's still profitable to bring in foreign products, Dangote and PH refinery have to do better.

Profitable with secret subsidy

LAFOCUZY:
This is no story. It is a free market driven by market forces. You can choose to import or refine locally. Market forces will drive competition otherwise we might be in another cement monopoly

Free market, go import without NNPCL backing you with secret subsidy and see yourself selling a litre of petrol that N3,000 at N1,000

gabbasin:
there's nothing wrong in importation, we can't create a monopoly, if Dangote produce enough petrol and his price is cheaper than that of imported, definitely no one will want to import. But if importers feel landing cost can still compete with Dangote's price, the tendency for them to import will be there

Even the news of NNPCL owing importers N70 trillion circulating on nairaland, people like you seems to be blind.

grandstar:
If importation is banned, Dangote would fleece Nigerians as he did with cement.

It is better this way.

So you no problem with NNPCL importing expensive substandard petrol and subsidizing secretly?

nairalanda1:


Subsidy has gone.If not, you would have been buying fuel at less than 400 naira by now

NNPCL still owes importers N7.74 trillion subsidy debt with N2.75 trillion been on petrol subsidy after subsidy removal bringing the total subsidy to N10.499 trillion.

Gboss247:
NNPCL still owes importers N7.74 trillion subsidy debt with N2.75 trillion been on petrol subsidy after subsidy removal bringing the total subsidy to N10.499 trillion.

Which is left over from the time subsidy was being paid.

It doesn't mean that the subsidy is ongoing.

Gboss247:
Profitable with secret subsidy

You have evidence subsidy is being paid? Does it even make sense to pay subsidies now?

gabbasin:
there's nothing wrong in importation, we can't create a monopoly, if Dangote produce enough petrol and his price is cheaper than that of imported, definitely no one will want to import. But if importers feel landing cost can still compete with Dangote's price, the tendency for them to import will be there

so, is the situation now the same? Had their plans now been achieved and are the feelings actually accurate? Whenever you think monopoly, you first think NNPCL, not dangote who came on board to break it. The facts are there today. It's a plan to defraud the nation in the name of subsidy payment as usual. Who will now clear those billions of naira losses they recently declared? We shall see.

GreenCovering:
They are using policies to leave a back door for importers even though indigenous refiners like Dangote can meet 100% local demands.

Shior!

So annoying.

They are full of deceit.

gabbasin:
there's nothing wrong in importation, we can't create a monopoly, if Dangote produce enough petrol and his price is cheaper than that of imported, definitely no one will want to import. But if importers feel landing cost can still compete with Dangote's price, the tendency for them to import will be there

Your comments assumes an ideal environment but where you have people in high places directly profiting from importation, then cost wouldn’t matter and irrational decisions will be taken at the detriment of the economy. Petrol is the major import item for us so if we encourage importation of it, the value of the naira as well as attendant problems of a weak naira will persist. Rather we should encourage local refining as a means to curtail capitalist tendencies.

Gboss247:
So you no problem with NNPCL importing expensive substandard petrol and subsidizing secretly?

NNPC says it does not import petrol any more.

If the petrol is substandard, that is an offence that should be punished by the appropriate agencies.

grandstar:
NNPC says it does not import petrol any more.

If the petrol is substandard, that is an offence that should be punished by the appropriate agencies.

NNPCL doesn't import petrol directly, it imports using private marketers.