₦airaland Forum

yaki84:
why r these guys telling nigerians outright lies?
the problem of the current fuel scarcity has nothing to do with cabal or whateva, it is simply govt monetary policies that got wrong.
nnpc had 70percent quota allocated to bring in products while the remaining 30 was for the major, independent marketers. now what happened, nnpc access forex at the govt official price of 199naira per dollar, meanwhile the others couldnt access at that rate, n u cant buy dollars at 330 to 400 naira n bring in products that nobody will buy when nnpc is almost flooding the market with cheap products. the best they did was to suspend importation n buy from nnpc.
so whether they reintroduce subsidy or not, if these guys cant access the official price of dolls to bring in product it will still remain d same. cos u wont expect them to buy dollars at 330 instead of 199 naira, bring in products n sell at 86.5naira. that is d fastest way of going bankrupt.

otokx:
Queues are in stations selling 86 naira, those who can't stand the queue can drive in and buy at 140 ~150 per litre

ki02020:
Be reasonable for once...you and I know subsidy is not one of the things that should be part of the present nigeria economy situation...the only mistake the FG made was not putting the right measures in place before the subsidy was removed to prove oil marketers are dispensable....now their oog motive of cutting cost has back fired

tamonokare:
Na wa for Buhari ooooo.... Wish I can fast-forward Nigeria to 2019 when he'll be voted out of Aso Rock to Daura.

amaechi1:
Nigerians will also complain even when decisions are taken in their favour. In the bid to alleviate the suffering of the people, the government return subsidy payment for independent marketers and that is what people like you see as confusion.

hurricaneChris:
After England lost worldcup hosting right to Russia in 2018, the then fifa president, Sepp Blatter, allegedly said "English football is run by 1diots"

Ashley Cole re echoed it when he called english FA "bunch of twats"

Am actually feeling this country is run by 1diots. From petroleum to power, finance to information ministries, they all look confused.

Something tells me Buhari installed these guys in these ministries to embarrass them.

Else can anyone tell me why it looks like this confused govt is a one man show?

ki02020:
Be reasonable for once...you and I know subsidy is not one of the things that should be part of the present nigeria economy situation...the only mistake the FG made was not putting the right measures in place before the subsidy was removed to prove oil marketers are dispensable....now their oog motive of cutting cost has back fired

amaechi1:
Nigerians will also complain even when decisions are taken in their favour. In the bid to alleviate the suffering of the people, the government return subsidy payment for independent marketers and that is what people like you see as confusion.

idupaul:
140 where ..yesterday I bought at 250 naira a litre with plenty beg sef

Elxandre:
Where is the money to pay for higher fuel prices?

A country where where the minimum wage is 18,000 Naira.

omohayek:
Why is it that Nigerians who defend this oil subsidy scheme (and all its attendant shortages, bunkering and smuggling) never bother to ask themselves why even countries like Cameroon, Niger, Benin, Togo and Ghana never suffer from similar problems, even when they have no oil of there own? The answer is simple: their governments don't attempt to interfere in the business of oil importing, refining or distribution! Nigeria's fuel problems are as self-inflicted as the shortage of phones back in the days when NITEL had a monopoly.

The answer to Nigeria's fuel issues is as simple as it gets: just abolish all subsidies, privatize the government refineries, deregulate the sector, stop subsidizing Dollars for a few and allow the Naira to float, and be done with it. I guarantee that all fuel shortages will completely vanish within 3 months of such policies being passed, and the free market price for fuel will actually be lower than the current black market rate.

Those who say that such policies can't work, because Nigeria is somehow exempt from the laws of economics, have to explain what is so special about Nigeria that sets it apart from the rest of West Africa. Apologists for the fuel subsidy must also explain how the current setup actually benefits most Nigerians who must queue for hours and days to load jerry cans with petrol at the "official" price - if it is available at all. The only parties that will really stand to lose out from a deregulated policy are those who are currently profiting from oil bunkering, fuel smuggling, fraudulent invoicing and round-tripping - as well as Aliko Dangote, who is currently enjoying all sorts of outrageous government subsidies to build the refinery the ignorant masses are cheering him for, as if he were engaging in charity.

hurricaneChris:
After England lost worldcup hosting right to Russia in 2018, the then fifa president, Sepp Blatter, allegedly said "English football is run by 1diots"

Ashley Cole re echoed it when he called english FA "bunch of twats"

Am actually feeling this country is run by 1diots. From petroleum to power, finance to information ministries, they all look confused.

Something tells me Buhari installed these guys in these ministries to embarrass them.

Else can anyone tell me why it looks like this confused govt is a one man show?

Firefire:
When some of us mentioned repeatedly that this government and its handlers are naïve, fraudulent and incompetent, we are very sure of what we are saying.


https://www.youtube.com/watch?v=YmG_dYY7YRA&hl=en-GB&gl=NG

APC before coming to power condemned the last administration on fuel subsidy payment, President Buhari even mentioned he knows nothing about what fuel subsidy means. "What is Fuel Subsidy" - GMB?

Few days back (30th March 2016) APC government went public to declare 100 billions of Naira monthly saving through fuel subsidy removal.

http://dailytimes.ng/save-n100b-monthly-subsidy-removal-nnpc/

Alas, Nigerians are the ones paying for the fuel subsidy indirectly, see my response to the thread below:



Few days later (3rd April 2016) same government is now announcing the returns of petrol subsidy by N5.84 for every litre of premium motor spirit consumed in Nigeria. Please, why are they returning the alleged fraudulent fuel subsidy payment

Making a simple calculation on the impact of this returned fuel subsidy: {5.84 x 41 Million Liters consumed per day x by 30 days = N7.1 Billion monthly fuel subsidy payment.}

You will all recall Alhaji Aliko Dangote predicted that the removal of fuel subsidy will make Nigerians to exchange $1 for N500. (We almost hit the target).

See what APC leadership have to say to justify the subsidy removal:




Criminalizing fuel subsidy payment and outright removal without finding a lasting solution to the variables in itself is a FRAUD.


Fellow Nigerians, can you now agree with me that this government is fraudulent, corrupt and clueless ?


Please here your president & APC statement on fuel subsidy removal.


https://www.youtube.com/watch?v=f0M_rh0jLi8

Martins301:
Please guys, how much can I get a secondhand 15.6 screen for my laptop? Just discovered it has been damaged.

fistonati:
What is this government up to, thinking its an expert when its obvious its a learner but failed to admit so. Nigerians failed to choose transformation but opted for chain.

ki02020:
Be reasonable for once...you and I know subsidy is not one of the things that should be part of the present nigeria economy situation...the only mistake the FG made was not putting the right measures in place before the subsidy was removed to prove oil marketers are dispensable....now their oog motive of cutting cost has back fired

amaechi1:
Nigerians will also complain even when decisions are taken in their favour. In the bid to alleviate the suffering of the people, the government return subsidy payment for independent marketers and that is what people like you see as confusion.

Martins301:
If them remove subsidy you go shout. If them retain am you go shout. Wetin exactly you want?

amaechi1:
Nigerians will also complain even when decisions are taken in their favour. In the bid to alleviate the suffering of the people, the government return subsidy payment for independent marketers and that is what people like you see as confusion.

jerseyboy:
In what universe are these guys living?

juicyboobs:
Good decision.