Middle East War: No Petrol, No Food For Nigerians - Politics - Nairaland
Nairaland Forum › Nairaland General › Politics › Middle East War: No Petrol, No Food For Nigerians (8476 Views)
| Middle East War: No Petrol, No Food For Nigerians by treesun(op): 9:20am On Mar 15 |
AS pump price of petrol continues to rise following the war in the Middle East which hiked the price of crude, Civil Society Organizations, CSOs, and farmers have warned about the grave implications and dangers the situation poses to the economy and Nigerians.https://www.vanguardngr.com/2026/03/middle-east-war-no-petrol-no-food-for-nigerians/
|
| Re: Middle East War: No Petrol, No Food For Nigerians by treesun(op): 9:21am On Mar 15 |
The AAA leader called on government and players in the petroleum sector to “recognise that rising fuel prices have profound social consequences for millions of Nigerians”. “First”, he said, “there must be greater transparency and accountability in how oil revenues are managed. “Nigeria continues to earn significant income from oil, particularly when global prices rise during geopolitical tensions. “Citizens need to see these resources translated into investments that improve their lives, rather than being lost to administrative excesses, leakages or waste. “Second, government must prioritise stronger social protection systems to cushion the impact of rising living costs on vulnerable households. “Many Nigerians currently lack adequate safety nets, leaving them highly exposed to economic shocks such as sudden increases in fuel prices. “Third, policymakers must focus on long-term solutions that reduce Nigeria’s vulnerability to fuel price shocks, including improving public transportation systems, strengthening domestic refining capacity and investing in agricultural infrastructure so that food can move more efficiently from farms to markets. “Ultimately, Nigeria’s economic policies must ensure that the country’s natural resource wealth benefits its citizens. “Without that balance, ordinary Nigerians will continue to bear the burden of rising costs while the benefits of oil wealth remain unevenly distributed.” Petrol compounds precarious economic situation – IPC In another reaction, the Executive Director International Press Centre IPC, Lanre Arogundade, said the hike in the price of petrol is simply compounding the already precarious economic situation. “Although linked to the war situation in the Gulf, it has the imitation of compounding the already precarious economic situation Nigerians have since found themselves”, Arogundade said. “If transporters increase fares as a result, the effect would be multi-layered. The question will also arise: What is happening to the refineries?” He also argued that the international crude oil price would not impact positively on the Nigerian economy, saying, “I don’t see that happening, although it may bring in more petrol dollars. “Life is getting tougher and tougher, especially with the electricity crisis. “They should know that reliance on Dangote Refinery alone cannot help solve problems like this.” Inflation will squeeze Nigerians – Centre For her part, the Executive Director, Ene Obi Centre for Development, Comrade Ene Obi, said Nigerians will bear the brunt of inflation, and called on government to urgently intervene. Obi said: “It causes inflation, every other person, even the minimum wage that they say they should pay for workers, some states have not even paid not to talk of another huge inflation that comes because how do you want even the boat drivers to charge when you have now sort of doubled, about doubled the price of fuel. “Those who are the traders, they move their wares. Those who buy the fuel now triple their pump price and then the vulnerable Nigerians are the ones that are paying the price. “What is the goodness of any government in a country? What’s the point of a democracy? What is the dividend of democracy when the dividend cannot defend the poor people of Nigeria? “If you want to say how will it impact positively to the economy, how does it? People are at this point really stressed trying to feed their families and now you again go into the price because it shows that the administration is not ready. “You’re ready to work for the poor, to bring some dividends to the generality of Nigerians. What are we talking about? You came on board and you say fuel subsidy is gone. “Many countries that have oil in its quantum, what they use the oil is to bridge the gap for their citizens. So you cannot compare Nigerian price with international price. “The fuel is in ground here, you are producing it here. You are refining. “Some of it is being refined here because they have refused to repair the refineries, fund refineries because it suits them because if we are producing and we are refining. “What we have today will not be what we’re having here because this is something that is from our land and should be able to work for us. “When you say what do you think about the situation with the impoverished people, of course you have according to the statistics from the Nigerian Bureau of Statistics, about 139 million Nigerians are living below the poverty line, what do you think will happen to them?” |
| Re: Middle East War: No Petrol, No Food For Nigerians by helinues: 11:10am On Mar 15 |
Those who are supporting the war in Nigeria have a special place to buy at cheaper price |
| Re: Middle East War: No Petrol, No Food For Nigerians by treesun(op): 2:02pm On Mar 15 |
No food, petrol, or pure water ! |
| Re: Middle East War: No Petrol, No Food For Nigerians by nickxtra(m): 12:16pm On Mar 16 |
treesun:It has never been this bad, yet no response from the government |
| Re: Middle East War: No Petrol, No Food For Nigerians by nairalanda1(m): 12:18pm On Mar 16 |
If FG Makes fuel affordable, you know say that means a massive debt that we would add on top of the debt wey we have.? A lot of people here think I support TInubu because I dey speak against subsidy. Well, na GEJ wey make me stop supporting subsidy. Him, and Okonjo-Iweala and the Emir of Kano together. IN 2011, subsidy costs were thrice that in 2010, and a big part of the reason was rises in crude oil price. That is the thing that made someone like Comrade Oshiomole who was a governor and APC Man and tinubu supporter, go from subsidy removal opponent to supporter back then. Because he was now in government and seeing how subsidy worked. And that is why GEJ wanted to remove subsidy. For me, the wake up call was in 2011 and 12. The final straw was seeing the difference between landing cost and subsidzedprice of fuel...e shock me how much money we were throwing away in the name of subsidy If Government brings back subsidy now, know that it has not been budgeted for this budget. Know also that our windfall money has to settle the old debt that is hanging over our head like one large load. That means that ultimately there would be more and more borrowing...and e go come hit us. NOthing to do with supporting tinubu or oppresors or anything.and I even never ever voted for or will vote for tinubu or gej. Everything to do with the fact that we collect money for subsidy from the same oil earnings we rely on to survive. Not like sane countries that rely on taxation to fund subsides. |
| Re: Middle East War: No Petrol, No Food For Nigerians by Antoeni(m): 12:19pm On Mar 16 |
US Israel And Iran Are Fighting, Nigeria Has Crude oil & a Functional Refinery (Dangote) What is Nigeria Business With The Increments in Fuel Price And The War? |
| Re: Middle East War: No Petrol, No Food For Nigerians by Dricker: 12:20pm On Mar 16 |
How this government works is making stupid policies,keep the people poor,use religion and tribe to divide and conquer,enjoy themselves flaunting it to our faces cus they know we are all active only on social media nothing else,during election they share rice,rig the election then rinse and repeat |
| Re: Middle East War: No Petrol, No Food For Nigerians by Klington: 12:20pm On Mar 16 |
Gbola tinubu is the weapon fashioned against progress and prosperity. |
| Re: Middle East War: No Petrol, No Food For Nigerians by Eleph(m): 12:20pm On Mar 16 |
It's clear the Nigerian government is totally helpless in this situation. Oil prices goes up in the international market, the Nigerian government supposedly, makes more revenue, the ordinary Nigerians pays more for refined petroleum products. Poverty and hardships increases in the land. Should Oil prices drop in the international market, the Nigerian government supposedly, makes little revenue, the ordinary Nigerians pays less for refined petroleum products. Poverty and hardships still increases due to drop in revenue to execute capital projects. The question still remains, what is the government doing about all its moribund refineries and the corruption surrounding it? |
| Re: Middle East War: No Petrol, No Food For Nigerians by Dricker: 12:20pm On Mar 16 |
nairalanda1:bro the debt we have already,what was the impact on the lives on nogerians..make we get conscience abeg |
| Re: Middle East War: No Petrol, No Food For Nigerians by dododawa1: 12:21pm On Mar 16 |
+++++++++++++++++++ No security, No security, No security |
| Re: Middle East War: No Petrol, No Food For Nigerians by SixSeven: 12:21pm On Mar 16 |
Nigerians are very willing to participate in the suffering of the world but never in the enjoyment. The other day, one of them told us that people are not complaining abroad about oil prices. I brought receipts. I pray one day they have a better deal for us than palliative.
|
| Re: Middle East War: No Petrol, No Food For Nigerians by marlow1962(m): 12:22pm On Mar 16 |
This is what you get when you depends on importations for survival, while killing your own means of survival. |
| Re: Middle East War: No Petrol, No Food For Nigerians by Endinjustice: 12:22pm On Mar 16 |
Tinubu doesn't know anything about governance. |
| Re: Middle East War: No Petrol, No Food For Nigerians by Endinjustice: 12:23pm On Mar 16 |
Tinubu doesn't know anything about governance. The packaged fraud is only interested in retaining power at all costs. |
| Re: Middle East War: No Petrol, No Food For Nigerians by damble: 12:24pm On Mar 16 |
Why Iran-USA/Israel wall suppose affect NIGERIA. We have crude oil and good soil for cultivation of crops Our government na problem |
| Re: Middle East War: No Petrol, No Food For Nigerians by Dricker: 12:24pm On Mar 16 |
Klington:ah swear,how can you deliberately be making lives miserable for the citizens you rule over,intentionally making people poorer...am sure the devil fears tinubu cus devil get limit |
| Re: Middle East War: No Petrol, No Food For Nigerians by nairalanda1(m): 12:24pm On Mar 16 |
Dricker:So, you want to add more debt on top of the one we have , just to pay for subsidy? Just so that you can have cheap fuel? Be my guest. |
| Re: Middle East War: No Petrol, No Food For Nigerians by jevraj: 12:25pm On Mar 16 |
Is this war supposed to have any significant effect on our fuel, considering d fact that we have both our crude and refineries? |
| Re: Middle East War: No Petrol, No Food For Nigerians by Baddest0007: 12:28pm On Mar 16 |
helinues:I hear they buy it from Trumpet Oil and Gas in mowe ibafo. A friend of mine bought for N65 per litre. According to him they have the Obasanjo price of N50 per litre also. The Yaraduah one is of the highest quality because it follows the rules of law in refining. |
| Re: Middle East War: No Petrol, No Food For Nigerians by CaseSensitive(m): 12:30pm On Mar 16*. Modified: 6:48pm On Mar 16 |
Petrol and food is not a problem for Deputy American associations of Nigeria and the Nigerian Zionists. I’m sure Massa is taking care of the situation. Massa only needs to wipe out the terrorist regime in Iran and we will all live in peace and the world will flow with milk and honey. |
| Re: Middle East War: No Petrol, No Food For Nigerians by fineboynl(m): 12:31pm On Mar 16 |
Nigeria is one kind country that's difficult to understand. One when price goes up they hardly come down even if this crisis ends. Fuel country our economy . And the government is playing with it. Deregulation of the petroleum sector is a bigger mistake that killing the economy. Other past presidents are not fools. They know the consequences. And this government thinks they are weser. Which from evident shows they are the least to understand how Nigeria economy works A kg of meat added 800, when I asked why. I was told Hausa added money because of transport |
| Re: Middle East War: No Petrol, No Food For Nigerians by HugoBoss10(m): 12:45pm On Mar 16 |
But Nigeria is also an oil country, when the price of crude become high in international market Nigeria will also make more money selling their oil. I remember APC blaming PDP for not saving enough for the country when the oil price was so high during their time ![]() |
| Re: Middle East War: No Petrol, No Food For Nigerians by seanery: 12:47pm On Mar 16 |
UNA NEVER SEE ANYTHING. NEXT WORLD WAR LOADING |
| Re: Middle East War: No Petrol, No Food For Nigerians by nairalanda1(m): 12:51pm On Mar 16 |
Eleph:It's very easy to explain (Obligatory disclaimer..I don't support APC or PDP). Nigeria is dependent on oil. For most of the time since the 1970's. And since 1982, there have been only these periods when oil price was high enough for NIgeria to earn money 1990-92 2008-14 2021-2 and right now (still early days) The rest of the time, the oil prices are low. IN order to survive then, we take loans to keep our head above water. Yes, we got loans forgiven in 2006, but we also paid a large part of our forex reserves to meet up with the 1/3rd that was not forgiven, which is why we had to take loans again withn a year after forgiveness. So, when oil prices rise, the debts must be paid first...before anything else. (That's a large part of the reason why GEJ could not save. That and paying very high subsidy costs created by the high crude oil prices pushing up the cost of producing one liter of fuel). |
| Re: Middle East War: No Petrol, No Food For Nigerians by SeizeTheMemes: 12:53pm On Mar 16 |
nairalanda1:I understand your point on the subsidy but removing them without a plan isn't really better. Our economy was at it's peak at 2015 and our debt has increased since then and subsidy existed way back then. So subsidy be the real issue. Most governments have subsidies for food, education, transportation because they increase productivity. If you remove them without building the infrastructure you just removed subsidy and nothing else. This government so far has not built this infrastructure. |
| Re: Middle East War: No Petrol, No Food For Nigerians by Mckraz01: 12:54pm On Mar 16 |
treesun:Na person wey don chop belle full fit read all these grammar |
| Re: Middle East War: No Petrol, No Food For Nigerians by nairalanda1(m): 12:55pm On Mar 16 |
fineboynl:IN order to pay for subsides, past governments incurred a lot of debt in the process... High oil prices...government pays higher for subsidy costs..which can mean that savings would be raided to pay for subsides. Low oil prices...government is borrowing money to maintain the same type of spending we had when we had higher oil prices...and paying fr subsidy literally using borrowed money Add smuggling which inflates subsidy costs widely...both times. The chickens came home to roost in August 2022...by which time government was taking on more debt and literally printing money to pay for subsides. Hence the fact that even back then, the economy was poor. |
| Re: Middle East War: No Petrol, No Food For Nigerians by uzhiyeka(m): 1:08pm On Mar 16 |
This Nigeria the only country In the world... Why is the war not affecting the fuel price and food price here in Algeria.... |
| Re: Middle East War: No Petrol, No Food For Nigerians by ufotunang: 1:16pm On Mar 16 |
nairalanda1:..if the naira had been appreciated and the naira had value against the dollars.. like if the exchange rate was like from 400 naira to a dollar the...price of fuel will be at a reduce price like 300 naira to a litre.. even with the Iran USA war and the crude oil price at 100 dollars per barrel The exchange rate also determines the prices of fuel, diesel .. devaluation of the naira has caused the high costs of fuel |
Adulterated Petrol: No Sanctions For NNPC, Importers, Say Reps • Sylva: No Petrol Price Increase In June • Refineries Produced No Petrol In Past Eight Months – NNPC • 2 • 3 • 4
Shehu Sani Hosts Physically Challenged Persons At The National Assembly • Seun Finally Agreed That Tinubu Is A Drug Lord and withdrew his support (photo) • NEC Recommends Withdrawal Of Tax Reform Bill
