₦airaland Forum

experts:
I think you didn't pay attention to his position, especially the main announcement of his policy position.

Hashim made it clear that as producer of crude, we can't allow domestic petrol be dictated by international benchmark.

That's insane and no oil producing country does that.

His calculation is based on actual cost of producing crude, refining and transportation.

It's just like a farmer who produce 100 bags of beans.

If his households eat 20 bags, you can't claim to be selling to your household, just because beans prices rises in the market.

Domestic consumption should be benchmark based on actual cost of production, not international price

Sheuns:
Only if you read what was written above. You’ll figure out how he said such is possible.

nairalanda1:
Unfortunately as an opec member our crude is decided by international benchmarks

Plus selling crude at kow price to domestic refiners means government is not making revenue from that crude in enough quantity.

That means more borrowing

experts:
False assumptions?

I would keep to read those false assumptions.

However, you must remember that Gbenga Hashim is an energy executive of over 25 years.

He's not just an academic energy executive, he's an investor, an operator of oil wells and owned ipp.

So, I want to see what those false assumptions you identify are

experts:
You are literally agreeing with Hashim.

Opec control international price, not local price.

When we sell our crude in international market, opec controls that, not when we sell in our own Domestic market

OredoPikin:
tinubu told us we will buy fuel for N300 on before his 4th year in office.
we almost 4yrs now and instead of coming down, it keep increasing

experts:
Both Davido and his uncle have 1 vote each

xtianchris:
nice observation HEe needs to come out plain

nairalanda1:
The problem is his plan is essentially trying to control the production cost of fuel based on a set of false assumptions.

He also wants to reintroduce offical rate for dollar

All the above means more borrowing.

Nigerians are btter helped by our economy being productive, not by subsides.

Ameerah1234:
Finally someone is talking with figures and not propaganda. ₦605 as starting point with a clear roadmap to ₦200-₦300 makes sense. Show us the production cost. Show us the refinery cost. Let the data speak. This is what policy looks like. #VoteHashim #605PetrolPrice

nairalanda1:
The problem is his plan is essentially trying to control the production cost of fuel based on a set of false assumptions.

He also wants to reintroduce offical rate for dollar

All the above means more borrowing.

Nigerians are btter helped by our economy being productive, not by subsides.

DARLYNBOI:
When we ask you to list out the false assumptions that you have identified in his proposed solution now....you will go mute....

dacool1:
Have we not borrowed more even without subsidies

Pollion:
It is refreshing to see an approach that prioritizes breaking down the underlying production and refining costs rather than relying solely on international benchmarks.

SixSeven:
It's funny how we went from 70 to over 700 in a short while

Rayjay45:
Even Gbenga don dey look like a more credible candidate than that excuse of an incumbent.

Atiku, Obi, Hashim - and Tinubu, now suddenly looking a distant 4th that nobody wants to touch

The assignment na to bring back our subsidy and kick out the devils profiting from the suffering of millions of poor Nigerians

OSPRO:
I tell ya, we have predators on the helms of affairs. God will destroy everyone who contributed to this suffering.

Tareq1105:
I wish Tinubu would agree to step aside for Obi and allow Nigerians to see his ineptitude and see how empty this most hyped presidential candidate is.

Tareq1105:
I wish Tinubu would agree to step aside for Obi and allow Nigerians to see his ineptitude and see how empty this most hyped presidential candidate is.

experts:
Sets out exchange rate, figures behind the price


https://www.google.com/goto?url=CAESnwEB6zswFRxFHirnS6hqZnBVeO70GBVWul28pardgZYMP8xRiw8WIcao4FGPQXNfH_c6IaOmP_1QhdbMtNrTbOUhfkvGZeO0cfz9y2BwpXvnURdtEOKjNMTnuGqrFZTgsGafdsEONLWHT16YvQMHlXzAI1WyLNCE5nJvflZjvzY-g7uM5wUn6BAPW0AI0ctwwzbLimOzwVDSDheHV92KcMY

experts:
I think you didn't pay attention to his position, especially the main announcement of his policy position.

Hashim made it clear that as producer of crude, we can't allow domestic petrol be dictated by international benchmark.

That's insane and no oil producing country does that.

His calculation is based on actual cost of producing crude, refining and transportation.

It's just like a farmer who produce 100 bags of beans.

If his households eat 20 bags, you can't claim to be selling to your household, just because beans prices rises in the market.

Domestic consumption should be benchmark based on actual cost of production, not international price

Nomsu247:
If Nigeria can produce its own crude, refine it locally and cut unnecessary costs, why should Nigerians keep paying unbearable prices? Dr. Gbenga’s ₦605 petrol proposal is about making our resources work for the people. This is the kind of leadership Nigeria needs.

SixSeven:
It's funny how we went from 70 to over 700 in a short while

SixSeven:
It's funny how we went from 70 to over 700 in a short while