₦airaland Forum

Please, any economist in the house should help me balance this equation because Nigeria is gradually turning to globally embarrassing country. If a barrel of oil was sold for USD130 and Nigerians bought fuel for 97 naira/liter now a barrel of oil sells for USD45 and Nigerian government wants to sell to its own citizens for 145 naira/liter. Ain't Nigerians supposed to enjoy the cheap commodity? Do we pay more when there is fall in price or when prices increased? The funny thing is that it is the same old faces that protested when the previous government came up with the policy are now the one propagating the course. Sorry Nigerians because God has left you guys... God used to be a Nigerian but today, things are no longer the same. So people can go to any length lying up and down to get political power. We now have even the so called men of God in politics. Where is Tunde Bakare, Dino malaye, Tinubu, Olamide, NLC, and TUC. The blood of the young man who died in Lagos during the subsidy removal protest will choke all of you to death... Period

Gbam!To the last sentence AMEN!!!

driveiwe:
Please, any economist in the house should
help me balance this equation because
Nigeria is gradually turning to globally
embarrassing country. If a barrel of oil was
sold for USD130 and Nigerians bought fuel
for 97 naira/liter now a barrel of oil sells for
USD45 and Nigerian government wants to
sell to its own citizens for 145 naira/liter.
Ain't Nigerians supposed to enjoy the cheap
commodity? Do we pay more when there is
fall in price or when prices increased? The
funny thing is that it is the same old faces
that protested when the previous
government came up with the policy are
now the one propagating the course. Sorry
Nigerians because God has left you guys...
God used to be a Nigerian but today, things
are no longer the same. So people can go to
any length lying up and down to get political
power. We now have even the so called men
of God in politics. Where is Tunde Bakare,
Dino malaye, Tinubu, Olamide, NLC, and TUC.
The blood of the young man who died in
Lagos during the subsidy removal protest
will choke all of you to death... Period

This is a serious economic issue that should not be politicised. Yes the price of crude is down internationally. But unfortunately the oil cabals, using militants in Niger-Delta, will not allow our refineries to work because of the juicy "Oil subsidy". So we have to continue importing refined fuel in dollars. Unfortunately we do not have enough FOREX at CBN rate for the independent fuel marketers, that would have ensured that pump price of fuel reflects the global price of crude. The alternative is for the importing guys to source their FOREX from the black market. Why? Because FOREX was badly depleted by politicians in the last administration, as it is being currently revealed daily. The reality of sourcing USD at over N320 to 1 USD, with total deregulation in downstream of the oil industry and discontinuing of oil subsidy is the reason for the irony as you rightly pointed out. OUR PAST POLITICAL OFFICE HOLDERS MUST BE HELD RESPONSIBLE!

bakare osinbajo na use less men of devil

Your more like 100% more sensible that the mumu you quoted

. The keyboard warriors don't want subsidy removed

When it's being paid they complained

Now it's being removed again they are complaining

Now if fuel Sells for more than 145

They'll still blame the same Buhari


Still they don't want govt to regulate pump price and when

Musaspp:
This is a serious economic issue that should not be politicised. Yes the price of crude is down internationally. But unfortunately the oil cabals, using militants in Niger-Delta, will not allow our refineries to work because of the juicy "Oil subsidy". So we have to continue importing refined fuel in dollars. Unfortunately we do not have enough FOREX at CBN rate for the independent fuel marketers, that would have ensured that pump price of fuel reflects the global price of crude. The alternative is for the importing guys to source their FOREX from the black market. Why? Because FOREX was badly depleted by politicians in the last administration, as it is being currently revealed daily. The reality of sourcing USD at over N320 to 1 USD, with total deregulation in downstream of the oil industry and discontinuing of oil subsidy is the reason for the irony as you rightly pointed out. OUR PAST POLITICAL OFFICE HOLDERS MUST BE HELD RESPONSIBLE!

Musaspp:
This is a serious economic issue that should not be politicised. Yes the price of crude is down internationally. But unfortunately the oil cabals, using militants in Niger-Delta, will not allow our refineries to work because of the juicy "Oil subsidy". So we have to continue importing refined fuel in dollars. Unfortunately we do not have enough FOREX at CBN rate for the independent fuel marketers, that would have ensured that pump price of fuel reflects the global price of crude. The alternative is for the importing guys to source their FOREX from the black market. Why? Because FOREX was badly depleted by politicians in the last administration, as it is being currently revealed daily. The reality of sourcing USD at over N320 to 1 USD, with total deregulation in downstream of the oil industry and discontinuing of oil subsidy is the reason for the irony as you rightly pointed out. OUR PAST POLITICAL OFFICE HOLDERS MUST BE HELD RESPONSIBLE!

But some people voted one of the past leaders nau. Mohammadu Buhari. Abi are d citizens d problem?