No probs...we wuld manage til 2015 n vote out jona

Welcome to the inept government of Jonathan! What goes up remains up,it can never come down. The last thing Jonathan would do is to reduce price of petrol because his government is anti-people.

Operation kick the clueless one out in 2015!!

chronique:
If only we were refining our own crude here,all these arguements and counter accusations,would have been avoided. Unfortunately,the corrupt system would never allow refineries work. From 1999 to now,billions have been spent on reviving the refineries but the same cabal who want to keep making billions from fuel imports,have always found a way of making our refineries not work.

u took the words right out of my mouth. I wish the next government would fix this refinery menace as its foremost priority.

belamour:
Who is the government sef ? Come 2015 Buhari will fix NIGERIA i.e Corruption, Petroleum, Electricity, Roads, Unemployment and Education Sector.

God Bless Buhari
God Bless Nigeria

The rate at which you people praise this buhari man self, he will just fix all the problem that have been dir for YEARS just over night.

I keep telling people the major problem of the country is not so much about the people in ASO rock. Nigerian are the number one problem of the country.

We are very myopic in our view of things.

We get people to promise heaven and earth without really counting the cost.

This was the same emotional strategy GEJ played back then saying 'I was not born Rich'

Now Nigerians are the one paying for the poverty and his lack of ability to deliver.

Let's face it. IS BUHARI REALLY BETTER Than GEJ.

If you say yes I will say you are a big liar.

And because of the Nigerian people and centiments APC will never put sensible people like fashola and Adams as president.

But instead we are given two clueless people in PDP and APC to vote for the one whom we think is a little more clueless than the other since both are cluless any ways and have a citizens who will not ask the right questions and analyze the matter from all sizes.

February will come naa.

We we see how many things the so called buhari will do.

A dump person in PDP does not make Him smart in APC vise versal. Period.

yehmi01:



The rate at which you people praise this buhari man self, he will just fix all the problem that have been dir for YEARS just over night.

I keep telling people the major problem of the country is not so much about the people in ASO rock. Nigerian are the number one problem of the country.

We are very myopic in our view of things.

We get people to promise heaven and earth without really counting the cost.

This was the same emotional strategy GEJ played back then saying 'I was not born Rich'

Now Nigerians are the one paying for the poverty and his lack of ability to deliver.

Let's face it. IS BUHARI REALLY BETTER Than GEJ.

If you say yes I will say you are a big liar.

And because of the Nigerian people and centiments APC will never put sensible people like fashola and Adams as president.

But instead we are given two clueless people in PDP and APC to vote for the one whom we think is a little more clueless than the other since both are cluless any ways and have a citizens who will not ask the right questions and analyze the matter from all sizes.

February will come naa.

We we see how many things the so called buhari will do.

A dump person in PDP does not make Him smart in APC vise versal. Period.

What makes you think Buhari is dump dumb?

Warri and Kaduna Refineries were built when Buhari was the Federal Commissioner (now Minister) of Petroleum.

Point us to one major achievement of GEJ in Bayelsa or Nigeria.

Please do not lump Buhari with your clueless PDP rogues.

koolg:
in Nigeria, 'anything goes' and one is left wondering if if we have a government at all.
countries that don't have crude oil will be enjoying low oil prices at this time while it is the elite that enjoy the benefits here.
meanwhile the oil prices will still fall further.
I used to be enthusiastic about Jonathan but as it is now, he seems incapable to bring about the desired change, its still business as usual.
Change is imminent at the this point in time.

Reducing the pump price at this time will increase his chances of re election. Hope he sees it that way and act fast.

jaybiz007:
price no dey fall for naija na.

Truth is that if jonathan venture reduce the price of petrol both himself and the pdp family members chance to steal enough money to foot the 2015 election will be greatly reduced as the stolen $20 billion has since reduce after everyone has some cut including giving some huge chunt to Tompolo to acquire more weapons to arm thugs / militants for forthcoming election .

belamour:
Who is the government sef ? Come 2015 Buhari will fix NIGERIA i.e Corruption, Petroleum, Electricity, Roads, Unemployment and Education Sector.

God Bless Buhari
God Bless Nigeria

By the Grace of God. It will come to pass without any shengbele from Rhe Jonathanians Actors Asari I no say Dokunbo

AmeLonRo:


Reducing the pump price at this time will increase his chances of re election. Hope he sees it that way and act fast.

Bros our eyes Don open. We been dey sleep before wanting Fresh Air coz Nepa dey show us. But now we don sooji now. Some boys we no get shoes from Otuoke Don park all the subsidy money go dey buy weapons and private jets and ammunitions. Bros na Change be the most constant thing that could happen to a man race. Bro vote Change abeg

There are three aspects of the “subsidy fraud”. One,a fuel importer could bring in 2000 metric tonnes and claim subsidy for 8,000 metric tonnes. “The mark-up will be shared down the line,” “Even if you are a pastor, you will fall for it. The money is just too much. Imagine the billions of naira available to be shared on a regular basis. So the regulatory system is compromised and weakened.” Two, NNPC always imports more than it has storage facility for. “So the product is stored at private tank farms. If NNPC stores 30 million litres with your farm, you don’t have to account for 10 million litres. There is a process by which you can account for only 5 million litres as long as you know how to share the proceeds of the remaining 5 million litres with those who matter.”
There are many things that are unheard of all over the world that you will find in Nigeria. What works perfectly in Saudi Arabia and Norway will not work here. Ask yourself: how come our refineries have not been working for ages? Name another country that has four refineries that hardly work. Do you know how many emergency billionaires we have produced through turn-around maintenance contracts in the last 20 years?”
The third aspect of the fraud: “When they tell you the landing cost of petrol is N150 and the pump price is N97, it means the importer will get subsidy payment of about N57 per litre. Now, that is another fraud. There are different grades of PMS (petrol). They do not go for the same price. In the UK, for instance, the price of leaded petrol is different from that of unleaded. In Nigeria, we don’t distinguish between grades. We pay the same price. So the landing cost of the lowest grade may be N100, but the importer still gets a subsidy payment of about N57 instead of N3 per litre. Do the math. Multiply that by millions of litres everyday and you will understand the fraud. Remember too that the importers get paid for demurrage even if they don’t incur it. I can go on and on.”
To cap it all,I can tell you authoritatively that our daily PMS consumption is not as high as officially quoted. It is the biggest fraud ever. We keep calculating subsidy on the assumption that we consume 40 million litres a day. Remember to always discount the official figures. It is good for your health.”

chronique:
If only we were refining our own crude here,all these arguements and counter accusations,would have been avoided. Unfortunately,the corrupt system would never allow refineries work. From 1999 to now,billions have been spent on reviving the refineries but the same cabal who want to keep making billions from fuel imports,have always found a way of making our refineries not work.

The reason y dos refineries dont work is dsame reason y nigerian engineers n technicians cnt continually generate n transmit electricity effectively without any glitch. Maintenance n sustenabilty culture...

Exchange rate now becomes a factor in deciding fuel pump price.... wonder why same is not used in determining the need to increase workers salary.

I bet you the renumeration for the NIS people would soon be reviewed upwards in line with exchange rate

Eeser:
I have to agree with Fashola that the price of petroleum products should be reduced. This clueless GEJ federal government have been fleecing Nigerian citizens since 2010.
#GEJ till feb 2015.

U don't know anything about economics.

enkay4love:
u took the words right out of my mouth. I wish the next government would fix this refinery menace as its foremost priority.

It is not possible for any govt to fix it. Infact govt has no business fixing refinery.

[quote author=LRNZH post=28888943]


What makes you think Buhari is dump dumb?

Warri and Kaduna Refineries were built when Buhari was the Federal Commissioner (now Minister) of Petroleum.

Point us to one major achievement of GEJ in Bayelsa or Nigeria.

You are so dumb, tell me any govt in this world that refine its fuel . Please don't mention petrobras.

nijanigga:
i expect oil to be sold below $50 /barrel next year.What will they do? increase price of petrol to make up for the devaluation? gej is just dumb.

No they wont market forces would dictate what happens but trust greedy Nigerians, they wont pass the windfall back to the consumers, they will just leave it as it is.In the Uk petrol prices has dropped to a 5 year low, its average of £1.17 as against £1.35 3 months ago and its further reducing.I must say this is the fault of marketers not the FG.

jaybiz007:
price no dey fall for naija na.

What was the price of Sim cards, call rates, sms rates, mobile handsets in 2001?
How much are they now

Why do we like to RIDICULE ourselves so much?

Meanwhile I hope you are not one of those who call our president clueless given what you just exhibited here

anonimi:


What was the price of Sim cards, call rates, sms rates, mobile handsets in 2001?
How much are they now

Why do we like to RIDICULE ourselves so much?

Meanwhile I hope you are not one of those who call our president given what you just exhibited here

exactly my thoughts, no one sees the good only the bad

erico2k2:

In the Uk petrol prices has dropped to a 5 year low, its average of £1.17 as against £1.35 3 months ago and its further reducing.I must say this is the fault of marketers not the FG.

What is the minimum wage for a LGA street cleaner COMPARED to that of an MP/lawmaker in the UK
What are these amounts in Nigeria?

Perhaps you know why we, Nigerians and the NLC leaders looters are not bothered about this clueless wage DISPARITY but prefer to leave our own land of milk & honey to become voluntary SLAVES & socio-economic EXILES in the UK, US etc!
Are ALL of us so clueless

AmeLonRo:


Reducing the pump price at this time will increase his chances of re election. Hope he sees it that way and act fast.

You cannot from nowhere reduce the pump price just like that. Circumstances and interests wont let that happen.. so ut basically impossible for now..

yehmi01:



The rate at which you people praise this buhari man self, he will just fix all the problem that have been dir for YEARS just over night.

I keep telling people the major problem of the country is not so much about the people in ASO rock. Nigerian are the number one problem of the country.

We are very myopic in our view of things.

We get people to promise heaven and earth without really counting the cost.

This was the same emotional strategy GEJ played back then saying 'I was not born Rich'

Now Nigerians are the one paying for the poverty and his lack of ability to deliver.

Let's face it. IS BUHARI REALLY BETTER Than GEJ.

If you say yes I will say you are a big liar.

And because of the Nigerian people and centiments APC will never put sensible people like fashola and Adams as president.

But instead we are given two clueless people in PDP and APC to vote for the one whom we think is a little more clueless than the other since both are cluless any ways and have a citizens who will not ask the right questions and analyze the matter from all sizes.

February will come naa.

We we see how many things the so called buhari will do.

A dump person in PDP does not make Him smart in APC vise versal. Period.

Do you know how much Nigeria looses to corruption?
Don't you think this oil price hanging has corrupt undertones?
Yes I want Buhari even if the only thing he does from 2015-2019 is root out corruption in Nigeria. It will be a job well done. Jonathan's government has been the most corrupt government Nigeria has ever withnessed.
So Buhari from 2015 please.

chronique:
If only we were refining our own crude here,all these arguements and counter accusations,would have been avoided. Unfortunately,the corrupt system would never allow refineries work. From 1999 to now,billions have been spent on reviving the refineries but the same cabal who want to keep making billions from fuel imports,have always found a way of making our refineries not work.

This is NOT so much about any cabal.
No, it is NOT!

It is about our clueless rejection of the subsidy removal & DEREGULATION of the petroleum sector. We would have suffered higher prices initially as with mobile phones & cement but with-

- new investors
- increased supply
- increased COMPETITION

price will start REDUCING after a while.

A clueless fool who does not sacrifice today will be a SLAVE to his neighbour who did, tomorrow.
No short-cut in life really except the one that will cut you short
QED!!!

koolg:
in Nigeria, 'anything goes' and one is left wondering if if we have a government at all.
countries that don't have crude oil will be enjoying low oil prices at this time while it is the elite that enjoy the benefits here.
meanwhile the oil prices will still fall further.
I used to be enthusiastic about Jonathan but as it is now, he seems incapable to bring about the desired change, its still business as usual.
Change is imminent at the this point in time.

I go with you my broda.

anonimi:


This is NOT so much about any cabal.
No, it is NOT!

It is about our clueless rejection of the subsidy removal & DEREGULATION of the petroleum sector. We would have suffered higher prices initially as with mobile phones & cement but with-

- new investors
- increased supply
- increased COMPETITION

price will start REDUCING after a while.

A clueless fool who does not sacrifice today will be a SLAVE to his neighbour who did, tomorrow.
No short-cut in life really except the one that will cut you short
QED!!!

They will never understand the message.
We are waiting for the abracadabra economy and policies of their illiterate mallam.

Please Nigerians, you should not allow Fashola to deceive you, this is election period ,he just wants to castigate our president to score cheap points for Apc, Apc should allow our president to do his job,if it is the right thing to bring the petroleum pump price down,our president,his advisers and the oil stakeholders will be the first to know,why Fashola made that statement in the school is because he wants the students to protest,don't be surprised to hear before the end of the month that students are protesting for Government to bring the fuel pump price down because of the down fall in oil price Globally,Nigerians should be aware that Apc has nothing new to offer,rather they will make things more difficult for Nigerians because they are only interested to come and loot our treasury, just check their profiles, Majority of them have served in this present Government or in the last 33 years as Military or Civilian from Federal,States,Local Governments and some were head of Departments,Ministries Etc what did they do and when you check their records you will find out that they are part and parcel of these problems Nigerians are facing today because it was during their active days all these corruption ravaging our country today started.why is it that everybody is against Jonathan ,I just red this morning that part of PENGASAN or whatever they call themselves are going on warning strike,why is it now they want to go on strike ,this festive period,since the matter has been on why did they decide to take action now which is Xmas and Election period and before you know it another Union will threaten Jonathan with Strike Action because they want to score him low because of the up coming Election. I believe Apc is controlling all these Unions:NLC, TUC etc.I conclude,the present Devil you know is better than the Angel you once really don't know.

koolg:
in Nigeria, 'anything goes' and one is left wondering if if we have a government at all.
countries that don't have crude oil will be enjoying low oil prices at this time while it is the elite that enjoy the benefits here.
meanwhile the oil prices will still fall further.
I used to be enthusiastic about Jonathan but as it is now, he seems incapable to bring about the desired change, its still business as usual.
Change is imminent at the this point in time.

I'm sure you were one of those people that protested against subsidy removal.
Una life bend no be small.

My brother, we have a lot of foolish people in this country, when gej asked for total deregulation, nigerians ignorantly called him clueless.

Are you saying the money you have spent on subsidy so far is enough to build ten new refineries?

Adesiji77:
Agitators who expect the administration of President Goodluck Ebele Jonathan to reduce the prices of petroleum products may be disappointed, as investigations have shown that it is not currently being considered.It was learnt that the considerations of the federal government is that what should have been a direct benefit to consumers as a fall-out from the crash in the prices of crude oil in the international market has been lost to the devaluation of the Naira.

The Central Bank recently devalued the Naira from a long-standing N155==$ 1 to N168==$1, owing to pressures on the currency at the foreign Exchange market.The Petroleum Products Pricing regulatory Agency, PPPRA, claimed in its Thursday, December 11, 2014, that it was buying products from foreign refineries at the rate of N171.36 ==$1. PPPRA’s Pricing Template indicated that as at Thursday, its Offshore Nigeria Price stood N78.67 per litre and a Landing cost of N88.90 per litre. When all distribution margins and other costs are added to the landing cost, Expected Open Market Price got to N104.39 per litre, thus still leaving the federal government with a subsidy of N7.39 kobo.

State actors claimed that the federal government now needed much more Naira to buy the products which should have cost consumer more but for the reduction in the cost of crude , as well as, subsidy it pays on the products.Brent prices have fallen to about $ 70 per barrel, with industry experts forecasting further fall to as low as $ 50 per barrel in the months ahead. Products prices across several countries around the globe have been cut by marketers in countries like the United Kingdom where the prices have been deregulated. In that country, ASDA, Tesco, Morrisons and Sainsburry have reduced petrol prices by at least 2 per litre, bringing prices around 112 . 7 per litre.

Malaysia, India, Indonesia and Sri Lanka also officially cut their petroleum products’ prices, some by as much as 6 per cent. The federal government while responding to the development in the international crude oil market has cut 2015 subsidy budget to about N 458.68 billion, down from N 971.14 billion in the current Fiscal Year. It has also reviewed downwards it oil price benchmark twice to avoid being caught napping in the crashing oil prices scenario.

It originally proposed $78 per barrel of oil for the 2015 budget, but later revised to $73 per barrel and lately $65 per barrel. Agitation for the a cut in prices of petroleum products have been mounting with Governor Babatunde Fashola of Lagos State, last week, criticizing the federal government over its reluctance towards reducing the pump price of oil from the current N97 per litre, after a significant decline in crude prices.

The Governor spoke while addressing hundreds of youths at the Lagos State After School Graduation Development Centre, AGDC, IGNITE Employability Project 5, Ikeja. His words, “Now, we should be enjoying cheap fuel if the price of oil has dropped globally. And even as we import the product, a major component has reduced in price. While this has reduced, the pump price of fuel in the country still remains the same. Something is wrong. “If the price increases in the country when the price of oil goes up globally, then it should also reduce when the price of crude oil drops. “I am not an economist but I have some logic and common sense to ask critical questions. For instance, if one buys flour at N10 per kilogram, and the bread is sold at N1 per loaf, if the price of flour drops, the price of the bread should also change”.

The Nigeria Labour Congress, NLC, has also joined the agitation by calling on the federal government to reduce pump prices of petroleum products in line with falling crude prices in the international market as has been done by other countries. General Secretary of NLC, Dr Peter Oso-Eson, told journalists midweek that NLC was worried prices of products have remained static. According to him, ”The area that worries us very seriously is that crude prices are falling. In order countries, what that is immediately translating to, is that the price of petroleum products and pump head is coming down. In the United States, in the last one month, the price of a gallon of petrol, has come down from $3 to $2, in response to this price adjustment. In our country, we are not allowed to enjoy that benefit.

What government is doing is that in order to shore up its naira revenue, it has gone to devalue excessively, the naira; $13 devaluation in one day, and then a continuous process of depreciation. “What that does, is that, because we import petroleum products largely, the gains from the falling price of crude which ought to translate to consumers, is prevented by that devaluation; because, by devaluing the cost of the head price, it might even increase. ”We say that that is wrong and the benefits of the falling price of crude, must be translated to Nigerians. Therefore, going forward, we want a situation in which the pump of petrol and other petroleum products should actually be adjusted downwards.”

- See more at: http://www.vanguardngr.com/2014/12/fg-reluctant-reduce-petrol-price/#sthash.W3BOrn8n.dpuf

Even though the price can be cut without effect Nigeria will not do because of the leaders pocket. No problem time will tell!!!

MAYOWAAK:
There are three aspects of the “subsidy fraud”. One,a fuel importer could bring in 2000 metric tonnes and claim subsidy for 8,000 metric tonnes. “The mark-up will be shared down the line,” “Even if you are a pastor, you will fall for it. The money is just too much. Imagine the billions of naira available to be shared on a regular basis. So the regulatory system is compromised and weakened.” Two, NNPC always imports more than it has storage facility for. “So the product is stored at private tank farms. If NNPC stores 30 million litres with your farm, you don’t have to account for 10 million litres. There is a process by which you can account for only 5 million litres as long as you know how to share the proceeds of the remaining 5 million litres with those who matter.”
There are many things that are unheard of all over the world that you will find in Nigeria. What works perfectly in Saudi Arabia and Norway will not work here. Ask yourself: how come our refineries have not been working for ages? Name another country that has four refineries that hardly work. Do you know how many emergency billionaires we have produced through turn-around maintenance contracts in the last 20 years?”
The third aspect of the fraud: “When they tell you the landing cost of petrol is N150 and the pump price is N97, it means the importer will get subsidy payment of about N57 per litre. Now, that is another fraud. There are different grades of PMS (petrol). They do not go for the same price. In the UK, for instance, the price of leaded petrol is different from that of unleaded. In Nigeria, we don’t distinguish between grades. We pay the same price. So the landing cost of the lowest grade may be N100, but the importer still gets a subsidy payment of about N57 instead of N3 per litre. Do the math. Multiply that by millions of litres everyday and you will understand the fraud. Remember too that the importers get paid for demurrage even if they don’t incur it. I can go on and on.”
To cap it all,I can tell you authoritatively that our daily PMS consumption is not as high as officially quoted. It is the biggest fraud ever. We keep calculating subsidy on the assumption that we consume 40 million litres a day. Remember to always discount the official figures. It is good for your health.”

That is my major gross with this Jonathan led administration, it is pathetic, very pathetic! There is no way he would tell us that his government is not aware of this monumental fraud, corruption, going on in the oil sector, yet he choose to turn a blind eye to it. He is too weak and lily livered, he ought to have set a serious example with those who are constantly raping this country through this oil subsidy, and the Rot in the petroleum sector, but he won't because these are the same people bankrolling and TANing his re-election bid.

chronique:
If only we were refining our own crude here,all these arguements and counter accusations,would have been avoided. Unfortunately,the corrupt system would never allow refineries work. From 1999 to now,billions have been spent on reviving the refineries but the same cabal who want to keep making billions from fuel imports,have always found a way of making our refineries not work.

Thank you! I wonder if it is rocket science! If we want it to work it would work! Wasteful people!

Country not half as better than nigeria with no oil are are enjoying smh to fg and pgej