₦airaland Forum

On ur mandate we shall stand

In times like this, with d abundant crude God gave dis country, y can't we subsidize this crude to Dangote refinery for the citizens even if not to reduce d price of fuel but to maintained it at stable price irrespective of Intl price?
Before, we blame lack of functional refinery for such interventions, now there is excess crude, there is refinery, What is now d excuse?
Or r we also compel by IMF or whoever to sell fuel to citizens at intl price?

The Government should do something. This pain is too much for us

APOSTLECHUMA:
OIL BOOM WAS DURING PERIODS LIKE IN MY KIDDIES DAYS WHEN NIGERIA HAD FUNCTIONING REFINERIES BUT THE BIG FOR NOTHING USELESS CURSES COUNTRY BURNT ALL HER REFINERIES AND STARTED IMPORTING WHAT GOD FREELY GAVE HER AND TURNED WHAT IS SUPPOSED TO BE A BLESSING INTO A CURSE.

The Brentwood effect. Only if you know sir/ma

See Nigerians blaming trump for hike in fuel price when your government doesn't have your best interest at heart.

Nigeria is an oil producing state we shouldn't be affected by strait of Hormuz. But trust Nigerians to look elsewhere.

Thank God is for every body including agbadorians

Jangbajantis:
Bunkums already blaming Iran war instead of owning up to their failure.

You know them. That's their mode of operation. They'll always hang it on the middle east issue. Bunch of failures.

Oracleee:
See Nigerians blaming trump for hike in fuel price when your government doesn't have your best interest at heart.

Nigeria is an oil producing state we shouldn't be affected by strait of Hormuz. But trust Nigerians to look elsewhere.

Don't say Nigerians. Say the shameless Tilumbu slaves.

Labour is seeing this and they won't call the president for minimum wage negotiation

This increase in petrol price will favour me and my family.

Nowadays, the only news we see or hear constantly is this yoyo petrol price going up and down...

If only Tinubu knows how much pain he is inflicting on Nigeria for voting him into power....also that life and power is transient.

Wetin we do these people sef

Dangote,NNPC and APC



are problematic of this








NATION

Femidfo:
Subsidy is gonnnnnnnnnnnn

Lol

Jangbajantis:
Bunkums already blaming Iran war instead of owning up to their failure.

WARMONGERS.

SHEBI YOU LOVE WAR ABI?

YOU LOVE TO SEE GENOCIDE AGAINST MUSLIMS, ABI?

FORGETTING THAT THE MUSLIMS CAN DESTROY THE WORLD ECONOMY BY THEIR CONTROL OF ENERGY ECOSYSTEM OF THE WORLD?

YOU HAVEN'T STARTED.

WAIT TILL FUEL REACHES 5,000 NAIRA A LITRE.

THAT ILLEGAL INVASION OF IRAN THAT YOU SUPPORT?

DEAL WITH THE AFTER-EFFECTS.

YOU'RE A MAN

Oracleee:
See Nigerians blaming trump for hike in fuel price when your government doesn't have your best interest at heart.

Nigeria is an oil producing state we shouldn't be affected by strait of Hormuz. But trust Nigerians to look elsewhere.

THAT IS NOT HOW OIL WORKS MR MAN.

IF WORLD OIL PRICE SHOOTS UP TO 5,000 NAIRA A LITRE AND NIGERIA STILL SELLS FOR 1,000 NAIRA A LITRE, YOU WILL NOT SEE ANY FUEL TO BUY IN NIGERIA DUE TO SMUGGLING. HOARDING ETC.

DANGOTE HIMSELF WILL NOT SELL YOU OIL AT THAT 1000 EITHER.

SO THE GENOCIDE OF INNOCENT CIVILIANS IN THE MIDDLE EAST THAT YOU PEOPLE SUPPORT IS NOW COMING BACK TO BITE YOU.

Trying to explain to Nigerians why they cannot have subsidy is like trying to explain to a rock why it needs to drink water.

In brief, because of the APC's government's poor performance at raising revenue, especially from solid minerals, agriculture and tax, this year's budget is funded in large part by loans. LOANS. Add the fact that the tax revenue and oil money from last year was so low, because the oil prices for most of last year was way below the budget baseline....and then even though oil prices have gone up, servicing our 150 trillion naira debt and counting...takes precedence over anything else.

Add the fact that even then, we cannot generate enough revenue from just 1.5 million barrels per day. Even if it went up to 4 million it still won't be enough to fund subsides on petrol. The debt will as I said take precedence. (And defaulting on our debt is the last thing we should do...if you want to go from shege to shege ultra pro max, just get your government to default on the debt.).

And then we didn't budget for subsidy this year, meaning, any new monies for subsidy would have to come from the exisiting budget, which means they take money from health, education, sports, etc etc..to pay for subsidy, and guess how the money would be replaced? More loans.

And at the end of the day,we get our cheap fuel, and we get more debt. We may also end up importing more fuel because dangote is not going to sell fuel at subsidised prices. It would hurt his profit margins so bad, he may even have issues paying up the banks he took loans from...and government is not going to help him pay back his loans.


The problem with political discussions on nairaland is that the APC and obidients on this site are not interested in serious discussions about the economic problems we have. Instead, they are interested in making the other side look bad. IN 2011, it was obvuous subsidy had to go. Yet, APC supporters then said that GEJ was being wicked to Nigerians, despite the fact that subsidy was not only pushing us into more debt, it was making funding of critical projects problematic. The failure of government to implement the 2009 ASUU-FG agreement was largely because subsidy payments were eating most of the revenue needed to pay for the agreement. Ditto our reserves.

Now, a new subsidy would affect us badly...yet obidient supporters want the government to bring back a subsidy. In other words, they want President Obi in 2027 to be faced with a debt running closer to 300 trillion naira. Let that sink in. And they want Obi to maintain subsidy.

I don't know. Honestly, why the eff are people so freaking blind.? Even folks who should know better are far more interested in playing political banter than being serious. It is now that I understand why Nigeria is underdeveloped.

Both APC and Obideint and even Atiku supporters are not interested in Nigeria's development, they are interested in the right to chop. They want to chop, not to develop, even if it means our debt grows at the end. That is their vision of good government, and anyone who says otherwise is their enemy.

But the thing that strikes me is the bloddy immaturity of many of the commenters. Apparently they think that fighting corruption will suddenly yield the fifty something trillion naira needed to actually pay for subsides. And many of them are so abusive that sometimes one wonders if you are dealing with children, not full grown adults with university degrees.

Yes, you have a full grown adult with university degree, arguing that dangote should sell fuel at a loss, and government should use borrowed money to pay a subsidy that won't cover his losses, because they want to have cheap fuel...forgetting that the thing would drive the nation into even worse debt.

Hell, I am begining to give up on this site. It's like the people here are so brainless, it's mind boggling. Most of them have never run a business, yet they think that monies goes into a business man;s pocket...that the profit people like Dangote make all goes into his pocket...as if Dangote does not pay salaries, pension contributions, maintenance costs, pay back his loans, upgrade costs, etc etc.

I'm effing realizing that at some point, one grows to old for this site. Well, the time has come.


Make we dey leave the site for people who think that money grows on trees...and that salvation of the poor would come from more debt. Getting into more debt.

Time go tell .

Jangbajantis:
Bunkums already blaming Iran war instead of owning up to their failure.

don't mind them, after their corrupt leaders have successfully mortgaged their future through limitless corruption, they expect trump not to fight against these jihadists terrorists threatening global peace .

kingthreat:
Thank you very much Donald Bully Trump.

make una try get sense!

Nigeria has crude oil, so why is Nigeria not flooding the world with refined fuel?

Mtchww....

At a time when Nigeria should be experiencing a windfall from the boom, instead the reverse is the case
Meanwhile some other oil producers are sharing excess profits to their citizens

sekeyso:
This evil government is tone deaf to the high inflation this fuel hikes is causing. A responsible government ought to intervene and stabilize the market for the sake of the average citizen but they don't care after all government foot their expenses. Bills are draining family incomes that people now take now just to eat

Responsible or not it's always easier said than done..

That's why PDP couldn't turn Nigeria to America in 16years when there is no global inflation .. 🤔

So do you think u need to Blame present administration for Nigerians woesssss 😳

omoredia:
All they said about Dangote and his corruot refinery was all a lie as I have always maintained.

I swear

sekeyso:
This evil government is tone deaf to the high inflation this fuel hikes is causing. A responsible government ought to intervene and stabilize the market for the sake of the average citizen but they don't care after all government foot their expenses. Bills are draining family incomes that people now take now just to eat

One day all of this wil result to anarchy

Gboss247:
You waiting for the government that has refused to pay ₦6.6 trillion electricity subsidy debt to subsidize the petrol they remove subsidy in 2023?

No sir, I'm waiting for government that wasted 210 trillion naira on only God knows what to subsidize petrol.

People that make excuses for government that wastes resources on frivolities and corruption are the worst human. Government have money to build houses for judges, vp, buy yacht, airplane, govt that budget billions of naira on none existing agencies and so on but doesn't have money to subsidize energy for its citizens? Can you hear self sir?

Keep enabling their wickedness, I assure you today's victims were yesterday's survival. There's enough to go round.

omoredia:
All they said about Dangote and his corruot refinery was all a lie as I have always maintained.

Well, we're having steady supply of petroleum products, price is another thing. The issue of scarcity has been addressed permanently, that's something

Dangerousboy:
this sense wey una no dey gree get so is very bad. So your refinaries wey no dey work na Trump fault too? Even small pikin go know say like say our refinaries are working the price of fuel wouldn't have been affected so badly.

nigerians and Africans like to blame others for their own problems

maasoap:
Well, we're having steady supply of petroleum products, price is another thing. The issue of scarcity has been addressed permanently, that's something

Keep foolng yourself.

When I thought petrol price will reduce to below 1k, then boom! It went up again.
I thought the war ended, or have they started another war?

omoredia:
Keep foolng yourself.

Thank you

maasoap:
Well, we're having steady supply of petroleum products, price is another thing. The issue of scarcity has been addressed permanently, that's something

You're something else

Sadly the same problem all over the world.
The US-Iran war is the real issue.