₦airaland Forum

nairalanda1:


So you people believed that thing.

Nigeria needs to do more to be richer.

Manufactured goods and services

EPIJOE:
There is no transparency in this oil business, honestly, NNPC seems to be hiding a lot of secrets.

I don't know why we cant buy fuel at #400/ liter after more than a year subsidy was removed. Import is there personal profit.

It had shown clearly they don't want our refinery to work.

Agboriotejoye:
Tinubulation

And the man said prices are dropping

Agboriotejoye:
You don't say

I thought removal of subsidy will make Nigeria richer and create more jobs according to you

CENTRAL BANK OF NIGERIA


Press Release


THE USE OF FOREIGN CURRENCY AS A MEDIUM OF EXCHANGE

The attention of the Bank has been drawn to the increasing use of foreign currencies in the domestic economy as a medium of payment for goods and vices by individuals and corporates.

It has also been observed that some institutions price their goods and services in foreign currencies and demand payments in foreign currencies rather than the domestic currency (the Naira),which is the legal tender in Nigeria.For the avoidance of doubt, the attention of the general public is hereby drawn to the provisions of the CBN Act of 2007, which states interalia that notes issued by the Bank shall be legal tender in Nigeria…for the payment of any amount”. Furthermore, the Act stipulates that any person(s) who contravenes this provision is guilty of an offence and shall be liable on conviction to a prescribed fine or six months imprisonment.

This prohibition, however, is without prejudice to foreigners, visitors and tourists who are encouraged to continue to use their cards for payments or exchange their foreign currency for local currency at any of the authorized dealers’ outpost.The general public is hereby advised to report any contravention of this Act to the Economic and Financial Crimes Commission Central Bank of Nigeria
(CBN) for appropriate action.

SoftSport:
Tinubu’s fuel price hike may hurt now, but it’s all about long-term stability.

SoftSport:
Tinubu’s fuel price hike may hurt now, but it’s all about long-term stability.

EPIJOE:
There is no transparency in this oil business, honestly, NNPC seems to be hiding a lot of secrets.

I don't know why we cant buy fuel at #400/ liter after more than a year subsidy was removed. Import is there personal profit.

It had shown clearly they don't want our refinery to work.

GloriousGbola:
this whole dangote selling petrol in dollars story makes no sense

it is illegal to transact business in nigeria with dollars

https://www.cbn.gov.ng/out/2015/ccd/cbn%20press%20statement%20070415.pdf

ceejay80s:
Where is the port Harcourt refinery and other refineries they claimed is working at 100% capacity?
We keep hearing dangote refinery everyday,
Some is wrong with this country and we need to stand up and ask questions

SoftSport:
Tinubu’s fuel price hike may hurt now, but it’s all about long-term stability.

SoftSport:
Tinubu’s fuel price hike may hurt now, but it’s all about long-term stability.

ufotunang:
..it's the high exchange rate of 1, 560 naira to a dollar that is causing the high costs of fuel..if the exchange rate is from 600 naira to a dollar the price of fuel will be cheap..it will at least 200 naira to a litre.
So Tinubu should try and appreciate and strengthen the naira against the dollars inorder for the price of fuel to be cheap

Exceed15:
What this idiot president met at N197. Useless government.

nairalanda1:
Yeah the man is incompetent, but when subsides are pushing debt servicing to eat over 90% of revenue by August 2022, even if our president was of a IQ of 21 , he too would have removed subsidy.

Tinubu is a bad president, but removing fuel subsides was not one of his bad decisions.

He is also.a hypocrite. In 2012 he should have kept quiet

Dreal1247:
Nigeria only have a sitting president when they want to grab power or when they want to oppress the masses. Anything that will benefit the masses is a taboo Tinubu and his cohorts are not interested.

efemena5050:
Alwys trying to sound intelligent but nothing dey......now answer my questions

Wat were the previous leaders using to sustain the economy then when they were paying subsidies......u will say borrowing.........ok pls note ..... tunubu is still borrowing even though he no longer pays subsidies


When subsidies was being paid by past leaders the economic conditions of the country and populace were ok but now with the removal of such financial burdens as presumed by u,the country economy is going camatos

Tunubu himself was against subsidy payment today the hypocrite is talking tough......

Nigeria recorded sectoral growth when subsidies was being paid


Today where are the sectoral growth......

SoftSport:
Tinubu’s fuel price hike may hurt now, but it’s all about long-term stability.

Islie:
https://punchng.com/mrs-others-raise-petrol-prices-to-n930-in-lagos-n960-in-north/

nairalanda1:
He also met debt servicing eating 90% of our revenue too.

Mostly due to keeping fuel that low

SoftSport:
Tinubu’s fuel price hike may hurt now, but it’s all about long-term stability.

helinues:
So na Sallah gifts from the oil marketers to us be this?

helinues:
So na Sallah gifts from the oil marketers to us be this?