₦airaland Forum

SeaTrade:
Yes,because that refinery is technically not in Nigeria."FREE TRADE ZONE" ,so local laws do not apply in the area,sort of.

Thanks for the information bro

AgainstIslam:
Thanks for the information

You're welcome.

anonimi:
Is this part of every aspect that Image123 and this one below are praising Tinubu for?

Maybe they have APC discount card to buy petrol at N70, or even at N40 that we were told Buhari would make it, 11 years ago.

This one probably doesn't know what removal of subsidy means.

Image123:
This one probably doesn't know what removal of subsidy means.

Does it mean trillions of Naira saved by the expired soldier Tinubu begged to be president in 2015

gabydaniels:
Aug 25, 2016
The Vice President, Professor Yemi Osinbajo, has disclosed that the federal government has so far saved the sum of N1.4 trillion for not paying oil subsidy.

He also assured Nigerians that very soon, the foreign exchange market would stabilise going by some radical policies already introduced by the Central Bank of Nigeria (CBN).

The vice president who spoke in Kano yesterday during the third day of the 15th Joint Planning Board and National Council on Development meeting, urged Nigerians to restore confidence in President Muhammadu Buhari’s administration, insisting that soonest, the current economic problems would become a thing of the past.

“With the deregulation of the downstream petroleum sector, there has been a significant increase in the availability of petrol throughout the country for the savings of N1.4 trillion on subsidy payments alone,” he said.

“Also, a more flexible exchange rate regime, we will have to decrease the pressure on the external reserve. In the short run of course, there should be consequences for inflation. We expect that with greater priority we have seen in the implementation of the policy by the CBN, the foreign exchange market will stabilise and confidence will be restored.

http://www.thisdaylive.com/index.php/2016/08/26/osinbajo-we-have-saved-n1-4tn-by-not-paying-fuel-subsidy/

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Or does it mean billions of dollars saved by the master strategist of APC a-looter comrades

Which one of the two announcements do you understand subsidy removal to mean sir?

TimeManager:
The Federal Government has revealed that the elimination of the petrol subsidy under President Bola Tinubu has resulted in savings of over $84 billion, which are now being channelled into the construction and rehabilitation of 40 key road projects across the country over the past two years.

This was disclosed in a policy brief released by the National Orientation Agency (NOA), titled “Two Years Later: Key Benefits of Subsidy Removal,” and made available to journalists over the weekend in Abuja.

The report, which reviewed the outcomes of the subsidy removal since May 29, 2023, noted that the policy averted a looming economic crisis.

It also enabled the Tinubu administration to clear long-standing financial liabilities, increase capital investments, and support the financial stability of state governments.

https://businessday.ng/news/article/84bn-saved-from-petrol-subsidy-now-financing-40-key-roads-report/?amp

AgainstIslam:
Can anyone sell goods in Nigeria and demand for payment in dollars? I thought it's illegal to trade in dollars in Nigeria?

"Show me the law" Tinubu have dastardize the law.

highchief1:
my brother I tot this Dangote na human being.He is quick to increase but slow to reduce price.May God not give me money that will make me lose humanity.

Can the federal government and NNPCL supply Dangote with the quantities he need and block him from sourcing crude international. Do not blame Dangote. One man can build refinery from scratch but A nation with crude oil gold and other valuable resources cannot refurbish the existing refineries.

Who's there to protect the masses interest and ameliorate their continued hardships?

HE HAS ALL THE RIGHT. FIRST OFF, HIS REFINERY IS IN A FREE TRADE ZONE, SO HE SELLS AT INTERNATIONAL PRICE IN USD

SECONDLY, THE NIGERIAN GOVT SELLS CRUDE OIL TO HIM IN DOLLARS, SO, HE HAS TO SHIFT THE BURDEN TO THE MARKETERS ONCE AND FOR ALL. THERE WILL BE LOSS IN VALUE IN NAIRA IN DAYS TO COME.

Dialpad:
Is Dangote allowed to price his products in USD? I thought it was illegal in Nigeria

Abi they are preparing funds for election.... lol

kingsways:
Then everyone in Nigeria should insist on being for whatever in USD

Just started. You cannot prosecute or stop me from pricing my business in dollars otherwise tou started Dangote and NNPCL who want Dangote to buy in dollars and expect him to sale in naira. APC is beast. Get ur pvc

Get your PVC vote APC out. Tribalism will not reduce the fuel price for you but pvc can. Tribe men have disappointed all man including you...Tribe man

anonimi:
Does it mean trillions of Naira saved by the expired soldier Tinubu begged to be president in 2015


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Or does it mean billions of dollars saved by the master strategist of APC a-looter comrades

Which one of the two announcements do you understand subsidy removal to mean sir?

No dear, it means government doesn't control or subsidize the price. In other words, stop wetting your trousers everytime Dangote announces change in price. Find an extra hustle if the current one is not profitable.

Temidaryour:
Their problem…maybe the next will have something else to say

.also Nigerians problem for fuel will increase 2k per litre ..if this matter is not resolved

osuofia2:
The government have the opportunity advantage to leverage dangote refineries to our gains, they were playing and given license to marketers to import fuel, refused to sell crude to dangote in naira, Dangote was importing crude from abroad to feed his refinery and you want him to sell in naira. Nna go wait tire.

Everybody importing anything is doing that with dollar and they are to sell in naira. Dangote should not be an exception.

Image123:
No dear, it means government doesn't control or subsidize the price.

In other words, stop wetting your trousers everytime Dangote announces change in price. Find an extra hustle if the current one is not profitable.

In other words, it means your balablu bulaba master strategist idol is a clueless clown of zero integity.

If he has any iota of omoluabi in him, why would he fail to do what he promised

Deltafirstson:
Although the pump price of fuel was N197 when President Bola Tinubu took over on May 29, 2023, the product now sells for N617 per litre – less than two months after.

In his inaugural address, Tinubu announced that subsidy was gone, fulfilling a promise that all leading presidential candidates made during the campaign.

Nigerians have been lamenting the hardship occasioned by fuel price hike. Amid the lamentation, a video where Tinubu campaigned to slash the price of fuel went into circulation.

Checks by Daily Trust affirmed the authenticity of the video uploaded on the YouTube page of Channels Television.

At his campaign rally in Abeokuta, Ogun State capital, on January 25, 2023, Tinubu spoke on a number of issues, but those of fuel scarcity and naira redesign made the headlines.

However, Tinubu who spoke in Yoruba language, also assured the crowd that though people were saying petrol price would hit N200, it would be reviewed downward under him.

“The great Nigerian youths, the great Nigerian students, the confident Nigerian youths. This is a revolution. This election is a revolution. They are plotting, but they will fail. They said fuel price will increase and reach N200 per litre. Go and relax, we will bring it down,” he had said in the 7th minute of the video.


https://dailytrust.com/breaking-video-of-tinubu-campaigning-to-crash-fuel-price-goes-viral-amid-hike/



https://www.youtube.com/watch?v=4JH8CC_JdUA

osuofia2:
They sale to him in dollars which is not enough for his refinery, he import the crude in dollars as well, when government is ready for sincere business they should come up

Dangote refinery consumes 650k barrels a day , Nigeria’s crude oil allotment is just 600k so you want fg to give Dangote the whole 600k barrels what of other refineries coming up , this is how you end up encouraging monopoly.

The FG is not sincere about their business deal with Dangote as it concern the best interest of Nigerians. Why allow him to buy from foreign countries?
Why not just give Dangote twice the needed crude oil to refine.
Afteral, during the subsidy regime they do swap do crude swap with marketers.
Why does NNPC now find it hard to do it with Dangote?

Bimpe29:
Who's there to protect the masses interest and ameliorate their continued hardships?

Your senator and representative at the federal level.

Your state lawmaker at the level of your state.

Your LGA councillor at the level of the local government.

There is your own advocacy work to make the three different tiers of government work better for you with revenues generated from you and on your behalf.

This is what NLC should Nigerians to protest on. Why is NNPC selling crude in dollars in Nigeria for a Nigerian company the provides essential product for Nigerians ?
And let's see whether Nigerians will not join the protest.
Nigerians were full of excitment when this refinery was under construction. Is this the prospect?

Dialpad:
Is Dangote allowed to price his products in USD? I thought it was illegal in Nigeria

Abi they are preparing funds for election.... lol

The refinery is in a free trade zone, so he can priced his product in any currency

josielewa:
HE HAS ALL THE RIGHT. FIRST OFF, HIS REFINERY IS IN A FREE TRADE ZONE, SO HE SELLS AT INTERNATIONAL PRICE IN USD

SECONDLY, THE NIGERIAN GOVT SELLS CRUDE OIL TO HIM IN DOLLARS, SO, HE HAS TO SHIFT THE BURDEN TO THE MARKETERS ONCE AND FOR ALL. THERE WILL BE LOSS IN VALUE IN NAIRA IN DAYS TO COME.

People don't really know how FTZ operates, you can even buy a bottle water from a vendor inside the premises with pounds

emmi14:
Can the federal government and NNPCL supply Dangote with the quantities he need and block him from sourcing crude international. Do not blame Dangote. One man can build refinery from scratch but A nation with crude oil gold and other valuable resources cannot refurbish the existing refineries.

that one na another crase on part of fg wey person no fit talk.The whole oil sector no let understand both govt and private.i don’t bother myself about fuel prices again if I need due I go and buy.i know they don’t want this to be below 1k again.

benardtotti:
Dangote refinery consumes 650k barrels a day , Nigeria’s crude oil allotment is just 600k so you want fg to give Dangote the whole 600k barrels what of other refineries coming up , this is how you end up encouraging monopoly.

What is the impact of the smaller refinery?
If Dangote stop refining it will affect the economy. Can the smaller refinery affect the economy?

NNPC can increase their crude oil extraction to accommodate everyone .
Do other OPEC nation starve their local refinery like NNPC is doing?
All these points at corruption because there is no accurate research to put a figure to Nigeria's daily fuel consub prion. The FG can compel other foriegn oil Company to connsider local refineries first. Afterall its our crude

OredoPikin:
He should have sold it for N10 so you will help him pay his staff and also pay his expenses😏
If i be dangote, i will sell that fuel for 5k per litre since all of us nor ready get sense for this country.
We have 4 refineries, FOUR, and none is working because govt lacks the political will to fight corruption in that sector. Instead of us to call out the govt, we are here blaming Dangote that is in business for profits.
Just they whyne yourself

u have a point jare.All d money that was pumped into oil sector wasted.probes not going anywhere.mad country o.i don’t know when Nigerians ca rise up like South Africans just did fighting for themselves without listening to govt.

nairalanda1:
By your definition, all business people, including the hawkers on the street, aren't humans because they do the same thing.

Likewise people who provide you a service in the private sector are inhumans.

People cannot set prices according to your pleasure and needs. THEY too have a business to run and obligations to meet.

Trying that shit in other countries...selling stuff at people's prices, is how some countries economies nearly collapsed under debt.

very true.Nigeria is unfortunate

Dricker:
bro most billionaires around the world and nigeria doesn't have any conscience or humanity left,this is like a criteria to be rich..forget all these charity they display outside those people na demons..

I know.i don’t want to be that rich if that’s the criteria.

prinsam30:
And who tell U say na Dangote get all this money wey him get, our politicians av about 60% of the money in Dangote account including tinubu, so if him do anyhow with those assets him go hear am and he will be broke for life

another strong point wey we no Dey remember.

SeaTrade:
Yes,because that refinery is technically not in Nigeria."FREE TRADE ZONE" ,so local laws do not apply in the area,sort of.

Damn!

Dangote right now

anonimi:
In other words, it means your balablu bulaba master strategist idol is a clueless clown of zero integity.

If he has any iota of omoluabi in him, why would he fail to do what he promised

I other words, no chance or way for you and your boss. You go post link till 2031 and beyond.

Minjim:
What is the impact of the smaller refinery?
If Dangote stop refining it will affect the economy. Can the smaller refinery affect the economy?

NNPC can increase their crude oil extraction to accommodate everyone .
Do other OPEC nation starve their local refinery like NNPC is doing?
All these points at corruption because there is no accurate research to put a figure to Nigeria's daily fuel consub prion. The FG can compel other foriegn oil Company to connsider local refineries first. Afterall its our crude

Tell the fg to also compel dangote to sell in naira then since you claim they can compel other c9mpanies who used their hard earned capital to drill for oil to supply at a loss , Dangote has a oil well why don't you tell him to start drilling so he can add 20,000 bpd for his refinery.

emmi14:
Get your PVC vote APC out. Tribalism will not reduce the fuel price for you but pvc can. Tribe men have disappointed all man including you...Tribe man

What party will you vote for if you vote APC out?

Why do you think that APC Twitter sympathiser Amupitan and Wike's courts are working overtime to ensure no credible opposition to the reelection of the master strategist, so he can move quickly to a 3rd term agenda for life president? He probably thinks he will succeed for a 3rd term, since he sees himself as smarter than Obasanjo who failed to achieve the objective in 2007, thanks to Atiku's loyalty to the constitution and leadership of other democracy heroes to kill the bill in the NASS despite Ghana must go bags of bribe.

iwaeda:
Wike Boasts Of Helping APC Use Judiciary To Kill Osun LG Funds Case, Warns Party Leaders Against Ingratitude

Minister of the Federal Capital Territory (FCT), Nyesom Wike, has openly boasted that he assisted certain elements within the ruling All Progressives Congress (APC) in deploying the judiciary to frustrate the Osun State local government allocation lawsuit.

In a video now circulating widely on social media and obtained by SaharaReporters, Wike made the claim while addressing a crowd in Port Harcourt, Rivers State.

The former Rivers governor accused the APC National Secretary, Senator Ajibola Basiru, of benefitting from judicial actions against the Osun State Government without knowing those who did the work behind the scenes.

The suit in question led to the withholding of local government funds in Osun State, a development widely seen as targeting the administration of Governor Ademola Adeleke as opposition in the state.

Wike, who spoke angrily, suggested that the court action supporting the APC’s position against the Osun government did not happen by chance, boasting that powerful political forces worked quietly to ensure the outcome.

“Don’t take our support for Mr President for granted,” Wike warned, in an apparent message to APC leaders defending Rivers State Governor Siminalayi Fubara. “You have to be careful about the statements you make. You have to be very careful.”

He accused Basiru of political ingratitude, claiming the APC was enjoying in Osun State without understanding who engineered their advantage.

“Today, you are enjoying in Osun. You don’t know those who did the work,” Wike said. “You are opening your mouth to talk about Rivers State.”

https://saharareporters.com/2026/01/08/wike-boasts-helping-apc-use-judiciary-kill-osun-lg-funds-case-warns-party-leaders

Minister Wike has warned the National Secretary of the APC, Ajibola Basiru to stay clear of Rivers State.
Lol 😆 https://t.co/sNKjJfb8qn pic.twitter.com/E9SgSwASil

— Emma ik Umeh (Tcee )🇳🇬 (@emmaikumeh) January 5, 2026

Checkwell:
And you will still come back to shout that he has crashed fuel price ... only for us to see it was just a N5 or N10 reduction. Make we hear word, pls.

It is what they do. Reduce by 10%. Increase by 50%. Who will save Nigerians in this Rat race?

OredoPikin:
What about Nigeria govt reviving the other 4 refineries to create a competition for dangote or even sell it off at a cheap price with a condition that the buyers must develop it to work or risk losing it.

Government can't revive those refineries. They've been trying since the Abacha era. Every government since then. Every one of them, Some tried once. Some tried more than once.

For a competition for Dangote, we have to wait for Bua and other refineries to come on stream. As for those four, government can sell them as scrap to the Chinese and maybe they can revive them.

Still won't justify banning importation by fiat. Let refineries come on stream and let the sector run in such a way that importing becomes unprofitable. When that happens, importation will stop.