₦airaland Forum

https://www.youtube.com/watch?v=h93cluaX2pU?si=3OaxORXIpTbLDsHH


“Nigerians Should Be Making Money From Iran War” — Sowore Blasts Tinubu, Dangote on Fuel Prices

Outspoken activist Omoyele Sowore has sparked a heated debate after criticizing the administration of Bola Ahmed Tinubu and business magnate Aliko Dangote, arguing that Nigerians should be benefiting economically from rising global oil prices triggered by the Iran war instead of facing higher fuel costs. His remarks come as petrol prices across Nigeria surge amid the conflict, with pump prices climbing close to ₦1,000 per litre following increases linked to global crude oil spikes and refinery price adjustments.

We don't want to learn in dis country, d reason why we shouldn't even be one....Buhari came n sorry to say dis....d elites especially those from d southwest and d north promoted him so highly.....he was a pure disaster n insecurity worsened in d north....now here comes Tinubu....d same south west told us that he's a Democrat and a seasoned revivalist....see insecurity now creeping into yoruba land....yet we don't want to learn....we will still use dis tribal card again for d next election....r we really silly in dis country?

Finished country , how did get here 😭😭

The thing dey even shock me, if price of crude oil goes up, we are in trouble, if it comes down we are still in trouble...

They are actually, they just pretending

Yes, the government is making more money from the war.

The problem is fuel price is determined by crude oil price. It is an international thing. That's why the price has jumped up in most parts of the world.

It is like that except the government intervened in some ways means.

You made quite a good point, but what's the tribal point in this. Does that mean ifnd an Igbo rules insecurity would stop?

There's more problem with Nigeria than tribal play. Insurgents have been on ground since 1999, and it's more to that.

saintkel:
We don't want to learn in dis country, d reason why we shouldn't even be one....Buhari came n sorry to say dis....d elites especially those from d southwest and d north promoted him so highly.....he was a pure disaster n insecurity worsened in d north....now here comes Tinubu....d same south west told us that he's a Democrat and a seasoned revivalist....see insecurity now creeping into yoruba land....yet we don't want to learn....we will still use dis tribal card again for d next election....r we really silly in dis country?

They are making a lot of money, but unfortunately, it's for their pockets.

But SW are benefiting from it because Tinubu is from SW.

Petrol price is even decreasing in SW currently.

That's the advantage of making sure you vote for your own, without minding if he's competent or not.

saintkel:
We don't want to learn in dis country, d reason why we shouldn't even be one....Buhari came n sorry to say dis....d elites especially those from d southwest and d north promoted him so highly.....he was a pure disaster n insecurity worsened in d north....now here comes Tinubu....d same south west told us that he's a Democrat and a seasoned revivalist....see insecurity now creeping into yoruba land....yet we don't want to learn....we will still use dis tribal card again for d next election....r we really silly in dis country?

Unfortunately, you are very correct...
Something is categorically wrong with the way we think or reason in this country. SMH!

my president








my only vote.

Pump prices climbing to 1k abi 1 500. Are you guys 8n touch with reality?

We don't need to be told that no country on earth can follow Nigeria's governance model except that country wants to be dooooomed.

Making money sorrow, tears and blood of innocent? Smh.

Very crass, juvenile and uncivilized remark.

Allow me to explain why we are not making money, and it isn't just corruption

The boom in the oil and non-traded goods sector increases the demand for imported goods. This may not be a problem in the short-term so long as the country has enough foreign exchange to pay for the imports. The depression in the non-oil export sector and the boom in the other two sectors have medium to long term implications for the economy because the oil windfall will not be permanent given the volatility, unpredictability and exhaustibility of crude oil. For instance, if there is a decline in oil prices and oil revenue, the lagging and collapsing non-oil export sector will not be able to compensate for the drop in oil revenue while domestic demand for the non-traded goods and imports remain sticky. Consequently, the country will be forced to borrow from the international financial market to compensate for the decline in oil revenue. Over time, external debts will increase and so will the debt service obligations. Even when oil prices go up later and there is another round of oil windfall, it is difficult to correct the earlier damage or distortions created by the initial or previous oil windfall. In some cases, the oil exporting country may be forced to adopt some form of structural adjustment program (SAP) to correct such distortions or imbalances. Some of these SAPs are painful and may increase the prevalence, depth and severity of poverty

Sauce

That's the problem with Nigeria and why we cannot all benefit from oil windfall.

We spent 2014-date with chronically low oil prices, and debts were incurred, and now that the oil price has gone up, the debts have to be paid back

That is why PDP was unable to save oil money and APC Is having issues.


Nigeria needs to stop relying on oil, and start relying on industrial goods and services. And tax the gdp more. Anyting else means more borrowing.

you do not even know what you are saying

Moveittothem:
They are making a lot of money, but unfortunately, it's for their pockets.

But SW are benefiting from it because Tinubu is from SW.

Petrol price is even decreasing in SW currently.

That's the advantage of making sure you vote for your own, without minding if he's competent or not.

flexgee:

https://www.youtube.com/watch?v=h93cluaX2pU?si=3OaxORXIpTbLDsHH


“Nigerians Should Be Making Money From Iran War” — Sowore Blasts Tinubu, Dangote on Fuel Prices

Outspoken activist Omoyele Sowore has sparked a heated debate after criticizing the administration of Bola Ahmed Tinubu and business magnate Aliko Dangote, arguing that Nigerians should be benefiting economically from rising global oil prices triggered by the Iran war instead of facing higher fuel costs. His remarks come as petrol prices across Nigeria surge amid the conflict, with pump prices climbing close to ₦1,000 per litre following increases linked to global crude oil spikes and refinery price adjustments.

Sowore is clueless.

How can Nigeria make money from something that they barely produce? Nigeria need to produce 3 million barrels of crude oil a day to break even.

It was the likes of Sowere who protested against the removal of oil subsidies in 2012, which would have released funds to invest in oil exploration, refineries, and electricity power plants. The lack of investment in the oil sector is the reason why Nigeria is suffering today.

Very true he is talking. We have a very insensitive leaders especially the so called wicked business men at the upfront of oil and gas. When the price jerk to 110 dollars per barrel at the international market, they quickly raise the price daily without missing any uprise. Yesterday the price dragged down to less than 76dollars from 100 the previous day, they were dragging to announce the price reduction. Now sitting around 87 dollars which may even go further down because of cpi data later today... By today, price supposed to be around 900 or less. Very wicked businessmen and monopolistic minded people.
Only one thing I can credit government for is availability. If it is during the old method, the price would have hit 1300 with lots of queuing and begging.

He has a point but as usual Nigerians only like liars, sycophants and ass lockers than people who will tell them the truth and since you all like partisan politics, live with the consequences of your decisions

This morning one of our nollywood uncle was complaining that he spends 11 million naira monthly for fuel, another exotic dancer was crying in America over the same issue. Shebi una say you want to run the country with masculine ego over common sense and diplomacy.continue

https://www.youtube.com/watch?v=DtjpjOPjuUk

Listen to what the President had to say here.

kentokay71:
you do not even know what you are saying

Okay, tell me the one you know?

Precious201010:
The thing dey even shock me, if price of crude oil goes up, we are in trouble, if it comes down we are still in trouble...

We are not really in trouble if it goes up, if our leaders are patriotic and don't want to rule us like slaves.

when the crude oil goes up, the additional money realise from the crude oil sales, they can use it to subsidies the refined petro, pending the time the prices will back to normal.

But since leaders already understand people they are governed, any condition the slaves will adjust quickly.

Yemimovich:
You made quite a good point, but what's the tribal point in this. Does that mean ifnd an Igbo rules insecurity would stop?

There's more problem with Nigeria than tribal play. Insurgents have been on ground since 1999, and it's more to that.

Let him live in ignorance. An Igbo president will not end insecurity; in fact, it will double because he is Igbo and Christian. The root cause of Nigeria's problem is deeper than Tinubu or Buhari. Nigeria is a country and not a nation, and the sooner it is decentralised, the better for the economy and the security.

On top of war that is not even up to 2 weeks.
These set of oppositions are the weakest in the history of this country.

saintkel:
We don't want to learn in dis country, d reason why we shouldn't even be one....Buhari came n sorry to say dis....d elites especially those from d southwest and d north promoted him so highly.....he was a pure disaster n insecurity worsened in d north....now here comes Tinubu....d same south west told us that he's a Democrat and a seasoned revivalist....see insecurity now creeping into yoruba land....yet we don't want to learn....we will still use dis tribal card again for d next election....r we really silly in dis country?

The main problem is deliberate impoverishing the masses so that they can continue to play along using the tribal card.
Once majority of the people are liberated economically, it will be over for the corrupt politicians to buy their ways to power.

Fiscus105:
We are not really in trouble if it goes up, if our leaders are patriotic and don't want to rule us like slaves.

At times the crude oil goes up, the additional money realise from the crude oil sales, they use it to subsidies at times being, pending wen the prices will back to normal.

But since leaders already understand people they are governed, any condition the slaves will adjust quickly.

How many times will the government tell you that there are no more subsides? Regardless which day this war started?

sulaak:
Let him live in ignorance. An Igbo president will not end insecurity; in fact, it will double because he is Igbo and Christian. The root cause of Nigeria's problem is deeper than Tinubu or Buhari. Nigeria is a country and not a nation, and the sooner it is decentralised, the better for the economy and the security.

Igbo president or any other president who has political will, will reduce insecurity drastically.

It's a function of political will. Anybody that caught, high or low should be dealt with, before you know, everybody will stop nonsense.

Because Tinubu has political will to deal with Malami and Rufai, does heaven fall now?

We have enough kids to start a nursery school in this forum.
OPEC determines the price of crude oil, so, if I babe bought fuel when it was ₦1300, I should sell the remaining at a loss because it's currently ₦960?

Same applies to, if I bought when it was ₦830 and it has increased to ₦1300, should I sell at ₦830? How do I restock? Where will the money to add to it for the new price come from when restocking?

Sowore only speak to his gullible people, Nigeria hasn't even broken even with daily crude Oil consumption, talk less of making money from its excess

sulaak:
Sowore is clueless.

How can Nigeria make money from something that they barely produce? Nigeria need to produce 3 million barrels of crude oil a day to break even.

It was the likes of Sowere who protested against the removal of oil subsidies in 2012, which would have released funds to invest in oil exploration, refineries, and electricity power plants. The lack of investment in the oil sector is the reason why Nigeria is suffering today.

Don't mind all these Internet warriors. Nigeria also produces one of the most expensive crude oil in the world , Dangote imports cheaper crude oil to supplement the crude oil he gets from Nigeria. If he uses only bonny light and fuel cost is high they will complain . Besides the FG sells to him at international rate, so either ways he is exposed to international market price .

Anytime bad invasion d world



is affect Nigeria







Anytime good thing invasion d world


is will not affected Nigeria

Op,stop being economical with the truth. Fuel is more than 1000.. pursuing 2000 with the speed of Usain bolt...
Now back to the topic, Mr Sowore, no need to be all Hostile on the Govt of the day, you just need to Look at the "Context" .. that's All . Yieeeee, you knock my head??!!

flexgee:

https://www.youtube.com/watch?v=h93cluaX2pU?si=3OaxORXIpTbLDsHH


“Nigerians Should Be Making Money From Iran War” — Sowore Blasts Tinubu, Dangote on Fuel Prices

Outspoken activist Omoyele Sowore has sparked a heated debate after criticizing the administration of Bola Ahmed Tinubu and business magnate Aliko Dangote, arguing that Nigerians should be benefiting economically from rising global oil prices triggered by the Iran war instead of facing higher fuel costs. His remarks come as petrol prices across Nigeria surge amid the conflict, with pump prices climbing close to ₦1,000 per litre following increases linked to global crude oil spikes and refinery price adjustments.