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Nigeria’s Petrol Imports Drop To Lowest In 8 Years - Politics (2) - Nairaland

Nairaland ForumNairaland GeneralPoliticsNigeria’s Petrol Imports Drop To Lowest In 8 Years (9141 Views)

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Re: Nigeria’s Petrol Imports Drop To Lowest In 8 Years by nairalanda1(m): 7:18am On Jun 14, 2025
anonimi:
Which one of the two parties has the better economic record and policies to do what you want huh
Don't detract from the question.

As an assignment...google for the article Pass the books and hold the oil, and then work within your party to get those ideas implemented.

I am not God, and I cannot decide whether Ogechi or Maimuna is better for you, whether you should eat at The Place or Sheraton tonight, or answer this your question. I have told you why we are a mess, and explained why I think the way I think.
Re: Nigeria’s Petrol Imports Drop To Lowest In 8 Years by helinues: 7:21am On Jun 14, 2025
anonimi:
If the story is true then why is ebilokan still borrowing money despite subsidy savings, devaluation of Naira and increased taxes on the poor?

Any idea sir whyhuh

Is the Lagos landlord and Yorubalokan proponent simply stealing money to buy politicians for his reelection to continue APC shege for another four years?
Do the bitterness alone without lumping me.

Thank you
Re: Nigeria’s Petrol Imports Drop To Lowest In 8 Years by anonimi: 7:22am On Jun 14, 2025
nairalanda1:
Don't detract from the question.

As an assignment...google for the article Pass the books and hold the oil, and then work within your party to get those ideas implemented.

I am not God, and I cannot decide whether Ogechi or Maimuna is better for you, whether you should eat at The Place or Sheraton tonight, or answer this your question. I have told you why we are a mess, and explained why I think the way I think.
How did I ask you to decide anything for me?

I simply asked you:

Which one of the two parties has the better economic record and policies to do what you want huh
Are you capable and willing to answer?
Re: Nigeria’s Petrol Imports Drop To Lowest In 8 Years by Godfullsam(m): 7:24am On Jun 14, 2025
nairalanda1:
Our needs are 51 million liters per day...and Dangote can meet half. The other half is met partially by NNPC and mostly by imports.

As for NNPC refineries, you don't understand how 4 decades of NNPC selling mostly at a loss...to help the masses...led to the mess that they are today. That was part of the reason why we were warned as far back as 1992 to remove subsides...when the refineries were still working...to allow the refineries operate at a profit, and pay their own upgrade costs, and maintenance costs.

We said no , and told the IMF to go away. IN 1994, we missed the first TAM....and thus the road to the scrapyards that our refineries are today was begun.
We also had the opportunity to remove the same subsidies in 2013 or so.. during the good luck Jonathan administration.
The same people who now often talk about subsidy removal as an achievement are the main opposition to that plan.
Re: Nigeria’s Petrol Imports Drop To Lowest In 8 Years by nairalanda1(m): 7:28am On Jun 14, 2025
Godfullsam:
We also had the opportunity to remove the same subsidies in 2013 or so.. during the good luck Jonathan administration.
The same people who now often talk about subsidy removal as an achievement are the main opposition to that plan.
Exactly....but the truth is, Nigerians have been opposed to subsidy

Another time we had chance to remove subsidy was in 2005. One of OBJ's ministers even said fuel should not be cheaper than cocacola...which was N40 a glass bottle. Nigerians really abused him (and back then Buhari or Tinubu or GEJ had nothing good or bad to say abut subsides).

Nigerians want cheap stuff. Tinubu and Buhari used that desire for cheap to ride into power. If they had supported GEJ on subsidy in 2012, their supporters would have abandoned them, and another shrewd politican would have taken the mantle.
Re: Nigeria’s Petrol Imports Drop To Lowest In 8 Years by bdon123(m): 7:30am On Jun 14, 2025
stonemasonn:
Marketers should join resources together to buy Warri and PH refineries.
Those refineries are dead n gone.Its old technology
Re: Nigeria’s Petrol Imports Drop To Lowest In 8 Years by arsenal33: 7:30am On Jun 14, 2025
anonimi:
When will petrol price drop below the January 2023 level as promised by ebilokan?

Hungry, starving, unemployed, underemployed Nigerians want to know before APC’s shege hyperinflation kpai all of us.
Like your guy that promised to remove fuel subsidy and retain the N187 price. Collect sense abeg
Re: Nigeria’s Petrol Imports Drop To Lowest In 8 Years by ivandragon: 7:32am On Jun 14, 2025
Good... but what positive impact has it had for the generality of the masses?

Has fuel price reduced to reasonable purchasing power levels that align with the socio-economic realities? No.

Has it led to improved fx rates? No.

Has smuggling stopped? No.

Has it led to a significant reduction in prices of goods and services? No.

This administration seems to be missing the concept and essence of what it means to govern and ensure a better life for the masses.

The so called achievements or good works are not having a positive impact on most Nigerians and bat needs to ask himself why this is so.

Anyway, like I always say, bat is in government for himself and his cronies. As long as thier pockets are lined, the masses can go and die, a la oshio and wike...
Re: Nigeria’s Petrol Imports Drop To Lowest In 8 Years by bizbro: 7:36am On Jun 14, 2025
empron:
This is good news and I think private sectors are more better in facilities&business management than this so call FG bodies.
Private sector is better at EVERYTHING compared to government, all over the world.
Re: Nigeria’s Petrol Imports Drop To Lowest In 8 Years by anonimi: 7:38am On Jun 14, 2025
arsenal33:
Like your guy that promised to remove fuel subsidy and retain the N187 price. Collect sense abeg
Ebilokan needs to collect sense more since he is incapable of even managing the bad situation handed over to him by his clueless predecessor. Rather he has made everything worse with his own exemplary incompetence and corruption in just two years.

How could 20 million smart Lagosians allow themselves to be held captive for 26 years by such an incompetent leader looter huh

anonimi:
May 1, 2025

May Day: Hunger, unemployment, insecurity real— Tinubu

According to him: “The theme demands our collective attention and serves as a stark reminder of the need to create an environment where every worker feels safe, valued, and empowered to contribute to the growth and prosperity of our nation. As your President, I assure you that this administration is committed to creating such an environment for the common good.”

On the economic hardship, he noted that while it is a global phenomenon, its effects on Nigerians are particularly severe.

Tinubu said: “I am aware of the peculiarities of the economic hardship Nigerians face—rising living costs, hunger, insecurity, unemployment, and the loss of livelihoods. These challenges are real and demand definitive solutions, which I am poised to address as your President.

https://www.vanguardngr.com/2025/05/may-day-hunger-unemployment-insecurity-real-tinubu/
Re: Nigeria’s Petrol Imports Drop To Lowest In 8 Years by commoditiesnig(m): 7:50am On Jun 14, 2025
Very good news. Big kudos to Dangote and other players on this.
Re: Nigeria’s Petrol Imports Drop To Lowest In 8 Years by slimthugchimee2(m): 7:58am On Jun 14, 2025
empron:
This is good news and I think private sectors are more better in facilities&business management than this so call FG bodies.
Thats how it is in all first world countries
Re: Nigeria’s Petrol Imports Drop To Lowest In 8 Years by NeckingNgulping(m): 8:02am On Jun 14, 2025
helinues:
Good. Nigeria is in the right direction with president Tinubu
You don't have any other thing to do with your life except being on this platform all day, all night?

Isn't it time to wrap it up?

You really need to sit down and think about your life.
Re: Nigeria’s Petrol Imports Drop To Lowest In 8 Years by stonemasonn: 8:06am On Jun 14, 2025
Lifestone:
But you guys were happy when Yaradua canceled the sale of same refineries. Yaradua set Nigeria back for several years on that singular act
No, not me.....Nigerias economic descent started with Yar Adua.
Re: Nigeria’s Petrol Imports Drop To Lowest In 8 Years by Bwanasaraw: 8:07am On Jun 14, 2025
Lifestone:
But you guys were happy when Yaradua canceled the sale of same refineries. Yaradua set Nigeria back for several years on that singular act
NNPC staffs and NUPENG members threatened to go on prolong strike if the sale was not reversed. Yar adua was scared of the effect of the strike on the economy that's why he reversed it.

Obasanjo sold the refinery in a hurry, last lap of his administration, he didn't settle labour and union issues before leaving power.

Goodluck Jonathan was able to sell NEPA with ease because the welfare of NEPA staffs were settled before it was Privatised.
Re: Nigeria’s Petrol Imports Drop To Lowest In 8 Years by erico2k2(m): 8:08am On Jun 14, 2025
Lifestone:
But you guys were happy when Yaradua canceled the sale of same refineries. Yaradua set Nigeria back for several years on that singular act
Tha5s how U know name.dem dey follow follow.
Re: Nigeria’s Petrol Imports Drop To Lowest In 8 Years by erico2k2(m): 8:10am On Jun 14, 2025
Bwanasaraw:
NNPC staffs and NUPENG members threatened to go on prolong strike if the sale was not reversed. Yar adua was scared of the effect of the strike on the economy that's why he reversed it.

Goodluck Jonathan was able to sell NEPA with ease because the welfare of NEPA staffs were settled before it was Privatised.
This is lobish talk.workers can not stop the sale of an establishment's they have no share in..
Re: Nigeria’s Petrol Imports Drop To Lowest In 8 Years by Gboss247(m): 8:14am On Jun 14, 2025
nairalanda1:
The only way to crash the exchange rate is to develop an economy based on the export of manufactred goods and services...not just refined products.

We won't see a stronger naira...and Lord knows, I have been hearing about the naira's weakness since the 1980's...until we export things like radios, cars, cutlery, televisions, etc...that were made in Nigeria.

The problem is, we have built an economy, since independence, that has been based on exporting raw materials and sharing the money.

Your PDP that you are praising, the reason why people were fooled by APC was that they were angry that the naira was weak....and had fallen from N1 to 1 dollar in 1978 to N120 by 2012. APC even made matters worse because instead of using 2015 as a new start...they chose to ramp up the borrowing....because they did not want to make hard and unpopular but MUCH NEEDED reforms to our economy.

And then you Nigerians want stuff for free. Cheap fuel, cheap electricity, cheap everything. Abi e no cost money make these things?

Anyway, if PDP wins tomorrow, they cannot reverse the decline of the naira, and if Tinubu rules till 2041, he cannot reverse the decline of the naira, until people and leaders wake up and realize what china did to go from being behind SIerra Leone in gdp in 1974 to lending to SIerra Leone today.
The only way to crash the exchange rate is to reduce the money supply (M2) which APC government has been inflating since 2015
Re: Nigeria’s Petrol Imports Drop To Lowest In 8 Years by blacksam01: 8:16am On Jun 14, 2025
Thank u Jonathan and Dangote... I have always known that Dangote is the saviour if the Nigerian economy... If he wants to crash the price of dollars, it's so simple for him to do...

It's just like ABC
Re: Nigeria’s Petrol Imports Drop To Lowest In 8 Years by Bwanasaraw: 8:25am On Jun 14, 2025
erico2k2:
This is lobish talk.workers can not stop the sale of an establishment's they have no share in..
Do your research.
PENGASON and NUPENG were the most feared trade union in Nigeria back then. They even fought with Abacha and Babangida. Whenever they go on strike fuel scarcity bites hard and even flights are cancelled.

Obasanjo couldn't even privatise NITEL properly due to labour union issues. Licenses were given to MTN GLO Econet to start afresh.

Trade Union don't need to have shares in an organization for them to stop the sale. You must discuss their pay off before disengaging them
Re: Nigeria’s Petrol Imports Drop To Lowest In 8 Years by ebuk4real(m): 8:49am On Jun 14, 2025
MichaelSokoto:
u just took time to type wubbish absolving ur lord & personal saviour who happens to be oil minister from any fault!

How can someone meet fuel at #167 now jerk it up to #1000 & u are happy dat u are suffering from it?

na wa 4 una oo!
Those guys are irredeemable. Imagine what a grown person with sense typed. That's to imagine the type of people we share country with

Re: Nigeria’s Petrol Imports Drop To Lowest In 8 Years by Eriokanmi: 9:14am On Jun 14, 2025
Thank you, Dangote. Thank you buhari too. During commissioning, tinubu ran away grin. You already know why
Re: Nigeria’s Petrol Imports Drop To Lowest In 8 Years by Emeskhalifa(m): 9:27am On Jun 14, 2025
Shame on the government. Ordinary to fix NNPC is now a rocket science.
A private citizen is the one coming to rescue the country.
Re: Nigeria’s Petrol Imports Drop To Lowest In 8 Years by coleon(m): 9:31am On Jun 14, 2025
EponObi:
If not that this nation is sick, how can an oil producing nation like us be importing PMS of up to 400,000 BPD. That's so ridiculously. And on top of that, the FG paid subsidy on all that massive quantity.

I hope importation quota runs dry to 0 by the end of this decade.

Those marketers ate crazily and massively over the past decades. I wonder why none of them had the initiative to build refineries before Dangote entered the game. Lmaoooo. They were too confident and comfortable eating our subsidies and fraudulently exporting our fuel to neighboring countries for insane markups. Lol. Never in their dream did they see a crazy, ogbontarigi, president like Jagaban with balls of diamonds arising and destroying the feeding bottles.

This is the past some manshafani want us to return to.

Our past encouraged laziness, zero initiative and innovation. That is changing now. By the end of this decade, our trade surplus will be bogus.

Abeg, e patewo fun Tinubu 👏👏👏👏
Tinubu has zero impact on the reduction of petrol imports in Nigeria, the person you should be thanking is Dangote for setting up his refinery. Tinubus impact in Dangotes business is zero , infact Buhari and Emefiele if any government policy is involved because they are the ones that provided Dangote cheap dollar to set up his refinery.
The rubbish NNPC refineries that Tinubu wasted our our Usd1.5Bn on have all stopped functioning today.
Re: Nigeria’s Petrol Imports Drop To Lowest In 8 Years by erico2k2(m): 9:43am On Jun 14, 2025
Bwanasaraw:
Do your research.
PENGASON and NUPENG were the most feared trade union in Nigeria back then. They even fought with Abacha and Babangida. Whenever they go on strike fuel scarcity bites hard and even flights are cancelled.

Obasanjo couldn't even privatise NITEL properly due to labour union issues. Licenses were given to MTN GLO Econet to start afresh.

Trade Union don't need to have shares in an organization for them to stop the sale. You must discuss their pay off before disengaging them
Pay offs?so what about if the coy was functional?won't they migrate to the new owners?
Re: Nigeria’s Petrol Imports Drop To Lowest In 8 Years by SarkinYarki: 9:43am On Jun 14, 2025
So in Essence it's still not as low as Jonathans time ? APC is a den of bad people
Re: Nigeria’s Petrol Imports Drop To Lowest In 8 Years by Gentlerespect76: 9:45am On Jun 14, 2025
NaijaphiliaBlog:
https://x.com/NaijaphiliaBlog/status/1933660304937799970
They will also hail this one as a positive development 😂😂😂😂
Re: Nigeria’s Petrol Imports Drop To Lowest In 8 Years by Lifestone(m): 9:46am On Jun 14, 2025
Bwanasaraw:
NNPC staffs and NUPENG members threatened to go on prolong strike if the sale was not reversed. Yar adua was scared of the effect of the strike on the economy that's why he reversed it.

Obasanjo sold the refinery in a hurry, last lap of his administration, he didn't settle labour and union issues before leaving power.

Goodluck Jonathan was able to sell NEPA with ease because the welfare of NEPA staffs were settled before it was Privatised.
I laugh whenever i hear this line of argument.
Who are union members to the President of a Nation.
The responsibility of Labour Union is to look after the welfare of their members and not to formulate policies.
If they want to formulate policy, they should go and join a political part and win elections to become the President of the Country. Late President Yaradua got no excuse
Re: Nigeria’s Petrol Imports Drop To Lowest In 8 Years by MrSly(m): 9:50am On Jun 14, 2025
NaijaphiliaBlog:
Yes indeed.

Hoping for even more positive news.
We all hope for positive news. That is the major cause of backlash received by this government, Lack of positive news. When we receive any it is always the private sector making it happen while the achievement of this administration is to rename every public property to tinubu and do everthinhnlegally and illegally to be in power 2027.

May God bless dangote. At least right now the independent marketers, NNPC's partner in crime of scamming Nigerians have for once admitted that there is a reduction in landing price of fuel. Thank to dangote for reducing their pump price over and over.
Re: Nigeria’s Petrol Imports Drop To Lowest In 8 Years by MrSly(m): 9:57am On Jun 14, 2025
helinues:
Good. Nigeria is in the right direction with president Tinubu
Spotted on the spot. The only thos they programmed to dish out each time. No meaningful input, no rationale, just normal gibberish. These are also part of nigerian youths. It is well.
Re: Nigeria’s Petrol Imports Drop To Lowest In 8 Years by MrSly(m): 10:00am On Jun 14, 2025
Lifestone:
But you guys were happy when Yaradua canceled the sale of same refineries. Yaradua set Nigeria back for several years on that singular act
Sell it to make as productive and nigerian NEPA. It is better they are not functioning that function like nigeria NEPA. If anyone wants refinery let them build it like dangote did his. If they must sell the existing refineries it should be to foreigners with no political link to nigeria. Shikina.
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