₦airaland Forum

That's my president. You are right sir, the Tinubu's FGshould have convinced the US not to attack Iran and he should have rained down bombs on both Iran and Israel for attacking each other's oil installations as per the African giants that we are.
To be frank, Tinubu is the world's luckiest president. Man has zero opposition and with this way the one speaks, I'm convinced he's actually working for Mr President😂😂

Jomonix:
What Obi is saying is that we should store petroleum products strategically so during period of scarcity the stored products can be released. This way the price fluctuation can be better managed. I see nothing wrong in that. He is saying the truth. Let us learn to accept the truth because it is constant no matter who is saying it.

hope you also know crude price not always stable too. So who will take up the lost if crude price crash down. Even if it's stored will still be sold with the correct market price.

Nigeria is suffering under Tinubu for nothing, just like they suffered under Buhari.



Nigerians deserve to be pitied.



😭😭😭😭😭😭😭😭😭😭

This Package fraud sef d talk...lol

Christmyhope:
I don't like people who often play to the gallery. I often asked ' what is your own economy policies for the country?"

If the present government is doing badly, what are your plans?

lolz ,His economy policies is china go to the china to learn china

In as much as I have promised myself not to be supporting any presidential candidate again, this man looks misfit for presidency. To govern a country is not by opening mouth all the time to criticize blindly. In fact if he should win future election, I pray the country will not be in for a doom.

Jomonix:
What Obi is saying is that we should store petroleum products strategically so during period of scarcity the stored products can be released. This way the price fluctuation can be better managed. I see nothing wrong in that. He is saying the truth. Let us learn to accept the truth because it is constant no matter who is saying it.

He is wrong by proffering a wrong solution to a wrong problem. The issue here is not scarcity of oil but high price of oil. Even if you store trillions of barrels of oil, you still have to sell it at the same global high price. Nigeria is a member of OPEC.

madridguy:
Yes daddy will never stop doing cho cho cho

Deal with it 😝

Come on keep quiet! What do you know about economics?

"......These rapid increases illustrate how quickly external shocks can affect the Nigerian economy.”

For the first time, I will disagree with PO. It's not only Nigeria that has been affected by the Iran/US war in terms of gas price. All over the world, gas prices have gone up. Yesterday, I waited till it was late in the evening to buy gas. It's slightly cheaper to buy at that time of the day. I bought gas worth over $50 to fill up my tank, and mind you, I had over a quarter tank before then.

This clown has to be the worst, most dishonest politician ever. He's just spewing garbage for his gullible cult followers. Just imagine the diatribe from a man that's clueless and incompetent at every level.

Keep Kwayet......

madridguy:
Yes daddy will never stop doing cho cho cho

Yes Daddy is as clueless as a jelly fish, he just thinks he has to say something to stay relevant. He has damaged thr little credibility he thought he had. Even some of his past supporters can now see that this man is empty like an empty Jerry can.

[quote author=Cyberterror post=138755508]Peter Obi the agulu fraudster, lack of planning is also why you have been running around from one party to another even rejoining the structure of criminality you criticized.[/
Why not attack the message and leave the messenger.yoi all are enemies of this country amd all of you will be disgraced.the country is in mess hit cos you are benefitting you ate supporting evil.soonner or latter Nigeria must happen to you.

yarimo:
So lack of planning made you to increase poverty rate in small anambra state as governor abi ?

How did he increase the poverty rate in Anambra of you just want to write to justify yoir data allowance

Is now I know that Mr Peter Obi is completely ignorant and clueless about the economy. I mean how do U manage market volatility when subsidy has been removed and is market forces n international events that dictate the price

anonymous1759:
Wetin dey worry this one

What he is saying is beyond tye vomprehension of yoir small mind.
If we had an efficient system the state owned refinery ahoukd have enough crude for local consumption
Dangote is not receiving enough crude so he has to source for crude abroad at a higher rate thatswhat he meant since you are now an olodo

In the voice of that skit, "this man"😁

EponObi:
This guy will just open mouth anyhow to say rubbish. He never says anything reasonable about our issues. Always vague without substance.

He knows nothing. Nothing about this country. Nothing about geopolitics.

How does a nation prepares for external shock from a war in far away Iran?

The hike in gas and diesel in the US is because of lack of planning too?

This same war is causing the price of urea (fertilizer) to spike all over the world, na lack of planning too?

For someone who advertises himself as a market-to-market businessman, he knows nothing about supply and demand.

LNG spiking over 90% in Europe since the war started, na lack of planning too?

If you ask him how he would have planned if he was president, na rubbish him go talk too.

This dude is nauseating. Tueh!



How can Nigeria insulate herself from global shocks like this when no be say na we dey set price of oil or control price of oil? Maybe we should exit OPEC and start drinking our oil. Mtchew!

I love you, and thanks for the above.

To know and see that there are people supporting this guy even in his gross ignorance is scaring the shitt out of my anxiety...

Very fake and Obama-wannabe ignoramus

yarimo:
So lack of planning made you to increase poverty rate in small anambra state as governor abi ?

Who be this one kwa, mehn you don't know Anambrarians, people will just be spilling anyhow on social media because of political interest. Anambra indigenes no dey shake...... Say what you know.....

Parachoko:
Nah People like You supporting the Agulu fraud they support Rubbish

You cant make a reasonable argument without calling names that shows the kind of person you are.
Continue destroying your country cos of half bag of rice and 30k monthly data stipend
Ego soon clear for your eyes..hungry thing

Tell him to spell planning now,he cannot...I guess lack of planing is what caused the increase in US too,abi agulu fraud doesn't know the US produce more fuel than we do?

Karlovich:
I challenge Lamidi Sangodele to prove he wasn't a known drug lord in Chicago.

Na him real name be dat?. Aswani, my guy, come and see your man real name.

madridguy:
Yes daddy will never stop doing cho cho cho

Let him do cho cho. Truth is bitter to swallow.
Do you know how much APC Govt has spent on the moribund refineries that refused to work ? It's in the range id millions of dollars.
At least na cho Cho him dey do, he didn't forge certificate or forfeited his monies due to narcotics case like your own daddy

Jomonix:
What Obi is saying is that we should store petroleum products strategically so during period of scarcity the stored products can be released. This way the price fluctuation can be better managed. I see nothing wrong in that. He is saying the truth. Let us learn to accept the truth because it is constant no matter who is saying it.

The sector has been deregulated. Government can only store crude, via NNPC. Government can’t store petrol.

As I type, there are petrol stored in tank farms and depots all over Nigeria by private owners.

Oil is sold on FUTURES. So the future price a crude oil will be delivered to you is determined today. Therefore, oil/petroleum marketers sell petrol that they have on hand today, using the contract they signed for future delivery of oil, at a price they agreed today.

Ask people who trade derivatives. They will explain more.

Even if we keep fuel till tomorrow because of shock or short suddenly disruption, the price it will be sold can’t come down UNLESS it is subsidized. Don’t forget we are no longer in subsidy era. That’s why government is not keeping any petrol again.

8

amazinghomez09:
What he is saying is beyond tye vomprehension of yoir small mind.
If we had an efficient system the state owned refinery ahoukd have enough crude for local consumption
Dangote is not receiving enough crude so he has to source for crude abroad at a higher rate thatswhat he meant since you are now an olodo

Malou America the largest oil producer oil , are buying pms expensive because of this war . Malou, the fact you support someone dosent mean you'll accept everything he's spitting, I'm not surprised an average obingoooo is dumb and headless.

I love to hear from intellectuals. Talking about futures and derivatives. You just gained a follower. 😁

VanuatuWycombe:
The sector has been deregulated. Government can only store crude, via NNPC. Government can’t store petrol.

As I type, there are petrol stored in tank farms and depots all over Nigeria by private owners.

Oil is sold on FUTURES. So the future price a crude oil will be delivered to you is determined today. Therefore, oil/petroleum marketers sell petrol that they have on hand today, using the contract they signed for future delivery of oil, at a price they agreed today.

Ask people who trade derivatives. They will explain more.

Even if we keep fuel till tomorrow because of shock or short suddenly disruption, the price it will be sold can’t come down UNLESS it is subsidized. Don’t forget we are no longer in subsidy era. That’s why government is not keeping any petrol again.

madridguy:
Yes daddy will never stop doing cho cho cho

Omo esu doing what he knows how to do best.

madridguy:
Yes daddy will never stop doing cho cho cho

Counter the message, Do we appear like a country that has plan

CRUDE is selling over $100 we cant even rejoice becos of our disgraceful reality

The same Refinery Tinubu boiz nearly destroy saying it produces inferior pms and it has no capacity to serve Nigeria .. Today Dangote is the onr supplying 90% of our demands

IF Dangote had no vision like Tinubu & politicians ... Scarcity would have ravage Nigeria by now trust those criminal marketers naa 2500 dem go sell

UrVillageChief:
That's my president. You are right sir, the FG, though Tinubu should have convinced the US not to attack Iran and he should have rained down bombs on both Iran and Israel for attacking each other's oil installations as per the African giants that we are.
To be frank, Tinubu is the world's luckiest president. Man has zero opposition and with the way the one speaks, I'm convinced he's actually working for Mr President😂😂

Continue typing bladderdash
World's luckiest president that is afraid to stand a fair and transparently conducted elections. After buying the Govs to his side, he's still afraid but he's claiming to have the majority behind him.
Your eyes go soon clear when the votes of the suffering masses will speak in the forthcoming election