Lack Of Planning Behind Nigeria’s Fuel Price Hikes — Peter Obi - Politics (3)

Lack Of Planning Behind Nigeria’s Fuel Price Hikes — Peter Obi - Politics (3) - Nairaland

Nairaland Forum › Nairaland General › Politics › Lack Of Planning Behind Nigeria’s Fuel Price Hikes — Peter Obi (9112 Views)

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Re: Lack Of Planning Behind Nigeria’s Fuel Price Hikes — Peter Obi by Tareq1105: 2:07pm On Mar 13*

Kemetian:
But oil is now $100 a barrel on the international market. Prices are up in America which has far more oil than Nigeria.

Prices are rising in every country regardless of whether countries are releasing oil from their reserves or not.

Peter Obi is so ignorant.

I wonder what village school he attended.

The truth is that Obi has no sense. Is this how to criticize? We're talking about a war that has affected the economy of the entire globe and he's talking of planing.

Nigeria is making more dollars from the crisis in the middle east and I guess that it's lack of planning that's responsible for the more dollars.

I think Obi was just trying to entertain his gullible supporters with his senseless comments.

3 Likes

Re: Lack Of Planning Behind Nigeria’s Fuel Price Hikes — Peter Obi by Macphenson: 2:07pm On Mar 13

Kobicove:
Keep quiet my friend, most countries in the world are also having the same problem!

You should be the one to keep quite. There is no oil producing country that is having this challenge. Nigeria should have been cashing out now if there has been proper planning.

Countries are releasing their reserves, where is Nigerian reserve. APC used the oil to borrow loans which they recklessly looted, today the chicken has finally come home to roast.

Re: Lack Of Planning Behind Nigeria’s Fuel Price Hikes — Peter Obi by GloriousGbola: 2:07pm On Mar 13

Lack of planning led to fuel price hikes in a deregulated economy?

oh well - i hope he cites teh same lack of planning for nigerias increased oil revenues during this period

2 Likes

Re: Lack Of Planning Behind Nigeria’s Fuel Price Hikes — Peter Obi by CaseSensitive(m): 2:10pm On Mar 13

What's Peter Obi talking about? To some degree, the risk can be mitigated domestically, sure but you can't completely eliminate it. This affects the whole world. Man is either really dumb or trying to score cheap political points but this one doesn't land.

1 Like

Re: Lack Of Planning Behind Nigeria’s Fuel Price Hikes — Peter Obi by zegxy: 2:10pm On Mar 13

Cyberterror:
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.

Tell me the meaning of a fraudster?
Are you educated at all ?

Did he forged his school certificate or engaged in.udentity theft,?
Did he forefeited his money due to drug ?
Let me know your family member that he defrauded.
Pls learn to keep quiet if you don't have anything reasonable to say ?

1 Like

Re: Lack Of Planning Behind Nigeria’s Fuel Price Hikes — Peter Obi by anonimi: 2:12pm On Mar 13

madridguy:
Yes daddy will never stop doing cho cho cho

Just like No mummy did not stop doing chochocho until he was promoted to where his cluelessness, incompetence and corruption were magnified beyond belief huh

anonimi:
Fashola to Nigerians: 'If You Want to Have Stable Electricity Supply, Vote PDP Out in 2015'

Jul 11, 2014.

Lagos State Governor, Mr. Babatunde Fashola, while marking his 2,600 days in office at an elaborate ceremony held at the Blue Roof of the Lagos Television premises, has said voting out the ruling Peoples Democratic Party (PDP) from power in next year’s general election is the only way the country can have stable electricity.

According to The Nation, Fashola said electricity crisis in the country is caused by lack of ideas and insincerity of purpose on the part of Federal Government.

"Yes I agree with you that it is possible to generate electricity and to make sure that everybody in this country has electricity, we have to do the right thing. But you know what, the only way that you and I will have electricity in this country will be to vote out the PDP.

https://thenationonlineng.net/only-way-to-have-stable-electricity-is-to-vote-out-pdp-says-fashola/#google_vignette

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pendy79:
Lagos State Governor, Mr. Babatunde Fashola, on Sunday evening boasted that he could provide uninterrupted power supply to Lagos residents between six and eight months.

Fashola spoke at the commissioning of 8.5 megawatts Lekki Independent Power Project (IPP), the fifth of such power projects in the last five years in the state.

The governor said the addition of the Lekki IPP was a testament to the fact that stable power does not require rocket science to achieve in the country.

While challenging power distribution companies in the state, Fashola said, “Let the Eko DISCOs sign a contract with me, giving part of their concessioning to the state government, in about six to eight months, there will be power in all homes in Lagos State,” Fashola said.

He added, “So, let no one say that he has no money to deliver power for the entire country. This is the limit to which the law allows us to do, but we have done this to make a statement that power can be generated. So, when they come with lies that power is impossible, you can tell them that we have power here; we make it possible”.

The project, courtesy of the state government, in partnership with Heritage Bank, is to serve Lagos State Water Corporations in Lekki Phase 1, Oniru, Victoria Island and Ikoyi, as well as over 25km of public lightening in the Lekki axis.

http://dailyindependentnig.com/2015/03/can-provide-stable-power-eight-months-fashola-boasts/

Re: Lack Of Planning Behind Nigeria’s Fuel Price Hikes — Peter Obi by Chucks13: 2:13pm On Mar 13

This is one of the reason I see this nwanem as eze ndi ara of Africa. Pls what plan do you want to plan on sudden attack against Iran? So it is lack of plan that made fuel price hike in UK, US etc?

Oh my God I don't even know what to call this man again than to just nickname him onuku 1 of the Universe.

1 Like

Re: Lack Of Planning Behind Nigeria’s Fuel Price Hikes — Peter Obi by success1smyn(m): 2:13pm On Mar 13

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?

'China moved to China' is his plan.

1 Like

Re: Lack Of Planning Behind Nigeria’s Fuel Price Hikes — Peter Obi by wellmax(m): 2:14pm On Mar 13

Sheuns:
Tinubu increased poverty rate in Nigeria by 63% when he removed subsidy.

Just as he increased poverty rate in Lagos by 69% when he was governor.

Say something else.

You just blab without any evidence or facts.

1 Like

Re: Lack Of Planning Behind Nigeria’s Fuel Price Hikes — Peter Obi by anonimi: 2:16pm On Mar 13

Cyberterror:
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.

In what ways is Obi a greater fraudster than the propagandist liars of A-looter Poverty Congress, APC huh

Two or three ways would do nicely. grin

Hope you know what fraudster means sha o.

https://www.youtube.com/watch?v=Lba6Uf64Ogc?si=hvJTzY-Ak476lExo

Re: Lack Of Planning Behind Nigeria’s Fuel Price Hikes — Peter Obi by zegxy: 2:16pm On Mar 13

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!

In the actual sense, I think you are the one that is nauseating and your level of education is questionable.
All these long bladderdash you have written shows that.
'Strategic planning' if you know what the word connotes, you won't be typing all these rubbish.
If Nigeria as a oil producing nation has a national reserve and the local refineries are working, we wouldn't be feeling the impact of any war.
Learn to comprehend next time before typing rubbish

Re: Lack Of Planning Behind Nigeria’s Fuel Price Hikes — Peter Obi by Reference(m): 2:18pm On Mar 13

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!

It is still a lack of planning.
There is no issue that is insurmountable if you are prepared.
Yes, it is not easy but those who will suffer whatever issue or adversary in life are those without a plan.

On a personal level of you have perhaps multiple sources of income or a line of alternatives or the fortitude to bear the shocks you will be a lot better off that someone who has not considered these things at all.

So let us encourage, pressurize, advice, whatever our leaders to think far and wide about what can potentially affect the economy because it will affect them as well.

Covid came and went, some economies ,some businesses, some individuals went through successfully,.other governments fell, other economies haven't recovered till now, other businesses remain bankrupt and some individuals co.itted suicide.

Take your pick and see whether it is better to be prepared or not.

PS. Now that Dangote is established as a solid producer, the government should start thinking of strategic reservation. We have a lot of legacy oil assets such as tanks farms from decades of importation, most of which are lying idle presently. Can the Fed issue out Reserve Production to Dangote so that we will be like other economies having one day, one week, one month, one year stocks. Japan has 200 days worth of oil. A country not producing a barrel. We can have that for products.

Re: Lack Of Planning Behind Nigeria’s Fuel Price Hikes — Peter Obi by Tareq1105: 2:18pm On Mar 13

zegxy:
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

Keep your vote till then.

Re: Lack Of Planning Behind Nigeria’s Fuel Price Hikes — Peter Obi by VanuatuWycombe: 2:18pm On Mar 13

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

Thanks, baba. I will follow you back. Those guys know nothing about economy and economic policies.

We need serious education in Nigeria, both technical and non-technical. People are becoming nonentities.

1 Like

Re: Lack Of Planning Behind Nigeria’s Fuel Price Hikes — Peter Obi by Chucks13: 2:19pm On Mar 13

success1smyn:
'China moved to China' is his plan.

You are right but he will only move to China in his after-life not in this generation because he will never ever and ever rule Nigeria in his lifetime.

1 Like

Re: Lack Of Planning Behind Nigeria’s Fuel Price Hikes — Peter Obi by zegxy: 2:22pm On Mar 13

helinues:
I have dared his supporters severally to present just one video where Peter Obi was asked questions about anything related to governance and he answered coherently. There is no record of him doing that.

Peter Obi and his supporters only know how to blame, but solutions for problems, their capacity would reach limit

Your obsession for Obi will soon kill you
Did your fraudster certificate forger answered any questions on economy coherently during his campaign?

Have you forgotten his 1 million soldiers to eat corn or his remarks that " Na statistics we go chop"
At Catham house, the questions he was supposed to answer he avoided.itbamd asked El.Rufai to bail him out. Or you think we have forgotten ?

Re: Lack Of Planning Behind Nigeria’s Fuel Price Hikes — Peter Obi by zegxy: 2:23pm On Mar 13

helinues:
I have dared his supporters severally to present just one video where Peter Obi was asked questions about anything related to governance and he answered coherently. There is no record of him doing that.

Peter Obi and his supporters only know how to blame, but solutions for problems, their capacity would reach limit

Re: Lack Of Planning Behind Nigeria’s Fuel Price Hikes — Peter Obi by razzydoo(m): 2:28pm On Mar 13

When i spoke, they called me all sort of names here. But mi o border, i no be customs officer.

VanuatuWycombe:
Thanks, baba. I will follow you back. Those guys know nothing about economy and economic policies.

We need serious education in Nigeria, both technical and non-technical. People are becoming nonentities.

1 Like

Re: Lack Of Planning Behind Nigeria’s Fuel Price Hikes — Peter Obi by Sheuns(m): 2:30pm On Mar 13

BATified2023:
any statistics to back up that tinubu increased poverty as governor of Lagos?

“Na statistics we go chop”

Re: Lack Of Planning Behind Nigeria’s Fuel Price Hikes — Peter Obi by CalabarSamurai(m): 2:31pm On Mar 13

100 % Correct !

Re: Lack Of Planning Behind Nigeria’s Fuel Price Hikes — Peter Obi by EponObi(f): 2:33pm On Mar 13

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 oil or petroleum product that is a major source of revenue in this nation is what you want to store so much that will cushion the effect of this war?

How many barrels or liters you wan reserve?

How many days will it last?

Shey na from our low output na him we wan dey reserve?

If we reserve, the government release it into the supply chain, no be the same price the FG go sell to Dangote? Abi you are talking of subsidy?

With regards what the GCC and US are doing with their SPR; daily crude supply globally is 100m barrels per day. With the situation at the strait of Hormoz, 20m is cut out. The GCC and US plan to release 400m barrels from their SPR to support global supply; that will meet demand and crash price. But that can only helpul for 20 days alone. Just 20 days.

So what then can Nigeria viably do with her "reserve" to cushion this price hike?

BTW, there's no scarcity in Nigeria. Dangote is steadily meeting our demand. Just that global oil price has increased.

There's no where on earth where strategic reserve is a solution to price hike caused by global conflict long term; it's always a short term solution. During the Iraqi war, the supply crunch (about 1m barrels per day was out) wasn't even terrible like this one and price hiked like crazy for a long time.

Re: Lack Of Planning Behind Nigeria’s Fuel Price Hikes — Peter Obi by razzydoo(m): 2:34pm On Mar 13

Oga you're out of point. Do you know how much reserves of petroleum Dangote is currently holding? Mr Agulu is OOP here.

zegxy:
In the actual sense, I think you are the one that is nauseating and your level of education is questionable.
All these long bladderdash you have written shows that.
'Strategic planning' if you know what the word connotes, you won't be typing all these rubbish.
If Nigeria as a oil producing nation has a national reserve and the local refineries are working, we wouldn't be feeling the impact of any war.
Learn to comprehend next time before typing rubbish

Re: Lack Of Planning Behind Nigeria’s Fuel Price Hikes — Peter Obi by 99thEnemy(m): 2:34pm On Mar 13

Peter Obi oooooooooo!!! grin

Re: Lack Of Planning Behind Nigeria’s Fuel Price Hikes — Peter Obi by Jomonix: 2:36pm On Mar 13

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.

Sensible countries have strategic reserves of refined petroleum products. The USA have the SPR (Strategic Petroleum Reserve) and they have released 172 million barrels two days ago to manage market volatility. You people will shoot down anything because you dislike the messenger not that the message is not right. This is the key problem of Nigeria. That's why we have not got it right in leadership.

Re: Lack Of Planning Behind Nigeria’s Fuel Price Hikes — Peter Obi by Sheuns(m): 2:37pm On Mar 13

wellmax:
You just blab without any evidence or facts.

Nigeria with a population of about 200 million persons have more people living in poverty than India with a population of over 1.3b persons.

It’s still on the first page how Tinubu plundered 63% of Nigerians into abject poverty. 63% of 200 million people is 126 million.

India has about 77 million people living in poverty despite having almost 8X Nigeria’s population.

We still manage to have almost 50M more people in poverty than the most populous country on earth.

All thanks to Mr. ocean tamer. The one you swore to support with empty stomach.

1 Like

Re: Lack Of Planning Behind Nigeria’s Fuel Price Hikes — Peter Obi by jamafa: 2:39pm On Mar 13

SkyBizzy:
Tribalism has eaten u up so deeply.

I'm glad we are all in this together

Oga!
Stop supporting rubbish

Shame no catch you huh

Re: Lack Of Planning Behind Nigeria’s Fuel Price Hikes — Peter Obi by seunmsg(m): 2:40pm On Mar 13

SkyBizzy:
What do u mean by hypocritical statement please?
You guys should stop supporting rubbish Pls.

How do you plan for a Us war in Iran? Even America that started the war, are they not worse hit by the PMS price increment than Nigeria? Don't they have strategic reserve? Is Nigeria the only country affected? Tell your Peter Obi to shut up and stop talking nonsense.

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