₦airaland Forum

Tinubu
Is
F**king
Nigeria
Up!

Are they trying to sabotage airlines , to get bandits and kidnappers customers? Omo Nigeria is now becoming a scary place to live in...

Nothing just seems to work, there is no strong presence of Governance in any capacity....country just dey float go any where belle face ..

Poor management of the economy is the cause

Dangote is an institution above unions (that Nigerians have disarmed, above regulators (that Nigerians have intimidated into silence). So enjoy the ride. If you will not learn from the worked examples of how other countries supervise industry, you will all learn the hard way.

But please make sure you don't go buying adulterated kero to send us back to the dark days of the air crashes of the late 90's.

Excellent! Absolutely fantastic. Perfectly polished and dripping with positive affirmation. Nothing to change at all.

Buhari is a technocrat where Tinubu is.



No wonder he said we would miss him. Dude knew something we all didn't know about tinubu

jenkate:
Nigeria’s aviation sector is collapsing under an extreme Jet A1 price surge. Ibom Air’s fuel cost jumping from ₦2.1m to ₦7.6m per flight exposes a broken supply system. With inconsistent pricing, shrinking margins, and looming shutdowns, airlines cannot survive while fuel marketers dictate unsustainable costs.

It's a global problem that came about as a result of the war which was started by the monkey in the White House

On tinubu manhood we stood

EmperorIsaac:
But you didn't tell us about the cost when it was 2.1m....especially the profit!

How much was flight ticket then?

How much are they charging for flight?

femi4:
Exchange rate isn't the same

dont mind them,they should allow agbero chairman to work beside they can produce their own fuel

grandstar:
The problem isnt caused locally. It is the aftermath of the US/Israel war with Itan.

We have crude oil in Nigeria don't we?

Kobicove:
It's a global problem that came about as a result of the war which was started by the monkey in the White House

well I don't expect much knowing fully well the thing that aid critical thinking was removed

Passionate888:
We have crude oil in Nigeria don't we?

The priceof crude oil is dictated internationally and no locally.

The US cant even dictate the price, though it is the worlds largest producer.

Cost US crude oil has shot up in price and 75% of US consumers are blaming Trump for the price hike due to his war with Iran.

Go and cry to that idiot minister for aviation

Didijiji:
Buhari that was managing the economy , we think say he no get sense. Jonathan made us live in heaven under PDP.

These Lagos dinosaurs came with their tact and skill and see where we are, every sector almost shutting down. Not a single thing is working

Massive looting everywhere and at all levels of government. Naira turning to a tissue paper

Nigerians abroad are attacked and they cant come home because APC is the worse devil at home. APC government is sooooo useless that even the complaint has left the level of those flying to those who own the flight. That is how demonic they are to attack the source

which kind life be this abeg

I didn't know we still have dinosaur in Lagos Untill 2023

Didijiji:
Buhari that was managing the economy , we think say he no get sense. Jonathan made us live in heaven under PDP.

These Lagos dinosaurs came with their tact and skill and see where we are, every sector almost shutting down. Not a single thing is working

Massive looting everywhere and at all levels of government. Naira turning to a tissue paper

Nigerians abroad are attacked and they cant come home because APC is the worse devil at home. APC government is sooooo useless that even the complaint has left the level of those flying to those who own the flight. That is how demonic they are to attack the source

which kind life be this abeg

why do you think we are here?


Buhari was just printing money like Venezuela did.

You are lucky, because this is just the result of it.

Tinubu has done nothing except policies.
Stopping it now was an option.


Imagine what we facing.
Imagine if we kept printing to cover all these up for our future then imagine the hardship.


APC is the most useless party ever.

Unfortunately, I am a member

The reason fuel is up is because we prefer to sell at higher prices out than use it for home.


That’s why America will always be great.
To them it’s America first.

To us in nigeria na looting n money first.

Gerrard59:
Reduce flights or increase prices. It is not a Nigerian thing. Tell the US to leave Iran alone, and the strait would be open for all to use, as it was.

What I worry about is that there is a bizarre phenomenon that defies physics in Nigeria. Whatever goes up rarely comes down.

Codes151:
why do you think we are here?


Buhari was just printing money like Venezuela did.

You are lucky, because this is just the result of it.

Tinubu has done nothing except policies.
Stopping it now was an option.


Imagine what we facing.
Imagine if we kept printing to cover all these up for our future then imagine the hardship.


APC is the most useless party ever.

Unfortunately, I am a member

I appreciate the fact that you are honest, the first I have seen from APC

E joo, these marketers, don't some of them use flights? Or why exactly is it getting higher? If they're hoarding it or inflating the price, won't they still feel the ripple effect?

Well, let's keep it together guys. We hope for a safe landing next year. If not, e don be for everybody.

These are the results of voting an incompetent president into power..it's a pity

That is the renewed hope Tinubu was telling you about

Didijiji:
I appreciate the fact that you are honest, the first I have seen from APC

it was the only option at the time in my village.

Now it’s useless.

Cost of forms self is deadly.

Na to go adc

DeepSight:
What I worry about is that there is a bizarre phenomenon that defies physics in Nigeria. Whatever goes up rarely comes down.

Companies have to make up the losses incurred during the hike in raw materials. Also, they have old stock which was purchased at higher prices, so final prices have to remain high until/unless raw materials become cheaper or equal to pre-US invasion of Iran.

Gerrard59:
Companies have to make up the losses incurred during the hike in raw materials. Also, they have old stock which was purchased at higher prices, so final prices have to remain high until/unless raw materials become cheaper or equal to pre-US invasion of Iran.

Again my difficulty with this is that they never apply the same honesty in terms of increasing the prices in the first place. For example when BAT declared fuel subsidy was gone, prices jumped up at the stations before he left Eagle Square. They didn't wait for the stock they already had go peter out. Look at the Iran War, again they didn't wait for existing stock to peter out. They upped the prices the second the strait was closed by Iran notwithstanding the fact that there was obviously existing stock and in the case of Nigeria notwithstanding that we have a system that could have hedged against it. So there is an essential dishonesty.

DeepSight:
Again my difficulty with this is that they never apply the same honesty in terms of increasing the prices in the first place. For example when BAT declared fuel subsidy was gone, prices jumped up at the stations before he left Eagle Square. They didn't wait for the stock they already had go peter out. Look at the Iran War, again they didn't wait for existing stock to peter out. They upped the prices the second the strait was closed by Iran notwithstanding the fact that there was obviously existing stock and in the case of Nigeria notwithstanding that we have a system that could have hedged against it. So there is an essential dishonesty.

lazy example
so you have a business where you sell trainers
you buy for $100 and sell for $150
your supplier raises the price of the trainers to $150
if you sell out your stock at the $100 price, where do you generate the income to order your next stock?


fuel retail is a very cutthroat business and there are multiple losses - your workers are stealing from you, fuel is literally evaporating, you have to pay off area boys, local govt, different regulatory officials and you still have to break even.

it is not a straight black and white these guys are all greedy scenario. profits are required to finance future purchases

it is why you have clauses in construction contracts about price fluctuation. we have a project and cement is now 11k/bag. when we were awarded it was like 8k per bag. so yes we are getting shafted

DeepSight:
Again my difficulty with this is that they never apply the same honesty in terms of increasing the prices in the first place. For example when BAT declared fuel subsidy was gone, prices jumped up at the stations before he left Eagle Square. They didn't wait for the stock they already had go peter out.

Because restocking would mean higher fees. So, it makes sense to sell at a higher price once the policy change, vocal or written, has been made public. Fuel is 100 naira now. I bought it for 80 naira. BAT says "subsidy is gone". To restock, I would need 150 naira to get the same quantity. Do I sell at 100 naira now and have less financing to restock at 150, or do I immediately increase it to 150 after BAT's utterances?

Look at the Iran War, again they didn't wait for existing stock to peter out. They upped the prices the second the strait was closed by Iran notwithstanding the fact that there was obviously existing stock and in the case of Nigeria notwithstanding that we have a system that could have hedged against it. So there is an essential dishonesty.

For Iran, in my opinion, unless there is a lasting agreement to establish long term peace, prices should remain high. Always assume the worst case scenario. The best way to win here would be to stock up goods long before the war started. Na why businesses suppose dey follow geopolitical events.

Gerrard59:
Because restocking would mean higher fees. So, it makes sense to sell at a higher price once the policy change, vocal or written, has been made public. Fuel is 100 naira now. I bought it for 80 naira. BAT says "subsidy is gone". To restock, I would need 150 naira to get the same quantity. Do I sell at 100 naira now and have less financing to restock at 150, or do I immediately increase it to 150 after BAT's utterances?


For Iran, in my opinion, unless there is a lasting agreement to establish long term peace, prices should remain high. Always assume the worst case scenario. The best way to win here would be to stock up goods long before the war started. Na why businesses suppose dey follow geopolitical events.

GloriousGbola:
lazy example
so you have a business where you sell trainers
you buy for $100 and sell for $150
your supplier raises the price of the trainers to $150
if you sell out your stock at the $100 price, where do you generate the income to order your next stock?


fuel retail is a very cutthroat business and there are multiple losses - your workers are stealing from you, fuel is literally evaporating, you have to pay off area boys, local govt, different regulatory officials and you still have to break even.

it is not a straight black and white these guys are all greedy scenario. profits are required to finance future purchases

it is why you have clauses in construction contracts about price fluctuation. we have a project and cement is now 11k/bag. when we were awarded it was like 8k per bag. so yes we are getting shafted

Both of you have provided sound reasons and enlightened me. Obviously I know little about the way businesses like these are run. However I would say two things.

One is that it still represents cheating the consumer so long as the particular stock being sold was obtained at the pre existing price. Which ever way you see it, on that stock, the seller is now making an illegitimate profit by selling at revised prices which ought not apply to that stock in such a regulated industry. I may not be a retail businessman but I am a lawyer and I can tell you that such a practice violates consumer protection laws and should draw the attention of the FCCPC.

The second point is that the correct principle should be that the seller should ideally act as though he has to source fresh capital for new market realities as he would have done when starting his business. He can take a loan for such a purpose rather than inflicting an illicit increase on the consumer in order to afford his next stock, which he would at all events make profit from and be in a position to continue.

DeepSight:
Both of you have provided sound reasons and enlightened me. Obviously I know little about the way businesses like these are run. However I would say two things.

One is that it still represents cheating the consumer so long as the particular stock being sold was obtained at the pre existing price. Which ever way you see it, on that stock, the seller is now making an illegitimate profit by selling at revised prices which ought not apply to that stock in such a regulated industry. I may not be a retail businessman but I am a lawyer and I can tell you that such a practice violates consumer protection laws and should draw the attention of the FCCPC.

The second point is that the correct principle should be that the seller should ideally act as though he has to source fresh capital for new market realities as he would have done when starting his business. He can take a loan for such a purpose rather than inflicting an illicit increase on the consumer in order to afford his next stock, which he would at all events make profit from and be in a position to continue.

In a free market I'm not sure that fccpc has legal right to intervene. A seller can choose to sell his product at any cost he wants as I can also choose to patronise him or not.

After dollar went from 340 to over 1800 at a point, i simply shut down some purchases.

Some journeys that would have been by air are now by road. It is what it is

Gerrard59:
Because restocking would mean higher fees. So, it makes sense to sell at a higher price once the policy change, vocal or written, has been made public. Fuel is 100 naira now. I bought it for 80 naira. BAT says "subsidy is gone". To restock, I would need 150 naira to get the same quantity. Do I sell at 100 naira now and have less financing to restock at 150, or do I immediately increase it to 150 after BAT's utterances?


For Iran, in my opinion, unless there is a lasting agreement to establish long term peace, prices should remain high. Always assume the worst case scenario. The best way to win here would be to stock up goods long before the war started. Na why businesses suppose dey follow geopolitical events.

Same reason some American companies immediately stocked up on available imported raw materials when trump started shouting about tariffs