dukecharles:


You are an idiot, what is their to read? That suddenly CBN can't provide Fx for fuel importation when the likes of Dangote, Aisha Buhari and other bourgeois are messing with our Fx.. By the time Nigerians will realize that GEJ was the best thing that happened to Nigeria, PMS will be sold for 200, dollars will be exchanged for 500. I just don't like youths that cannot ruminate.

Pidggin:
Now, i am confused

Dahveydson:


The VP is only saying Nigeria don't have enough dollars to bring in fuel via NNPC anymore, so you and I can bring in fuel now by sourcing our dollars from anywhere. This will ease off pressure from our foreign reserves and NNPC, and also make the product readily available as it is a profitable business.

Also, the govt in a bid to protect the masses, put the maximum price at N145, because people can bring the product and want to sell for as high as N250, but the govt having calculated every cost is saying reasonable profit will still be made at N145, so don't sell above it.

dukecharles:


You are an idiot, what is their to read? That suddenly CBN can't provide Fx for fuel importation when the likes of Dangote, Aisha Buhari and other bourgeois are messing with our Fx.. By the time Nigerians will realize that GEJ was the best thing that happened to Nigeria, PMS will be sold for 200, dollars will be exchanged for 500. I just don't like youths that cannot ruminate.

berrystunn:


We need to smoke to understand . Like you did.

LaExpert:
Honest fact!
Simple and short.

I wonder which subsidy the government was paying considering the price of crude oil.

BekeeBuAgbara:
Yes to protect the masses by increasing the price to #145. What a government.

Hengineer:
This was just Vanguard being dubious with their interpretations and titles, knowing that Nigerians are too intellectually lazy to read beyond titles.

Any person with the most basic comprehension skills can see clearly that the words of the VP has no single link with with the title.

quote author=MisterGrace post=45602552]These malicious and demonic media keeps twisting things just to make the people to hate this govt. I think the time may just be right to close down Vanguard, the rate at which they distort stories to serve whatever agenga they have is scary.

SirREX94:
I was actually expecting them to come out and debunk the news. I'm ain't surprised, they've been contradicting themselves eversince. Where is Bubu, that it has to be the professor that we address us on salient national issues?. Bunch of inconsistent bleepers!

Hengineer:


[size=16pt]What exactly is it with Vanguard and distortion of information?.... How do the words of the VP above translate into this title Vanguard has just published?[/size]

These guys at Vanguard have proven and re-proven themselves to be anarchists knowing that Nigerians only read titles before airing their opinions. Meanwhile these exact same words by the VP were reported by almost every other media house (including Vanguard) in the past 3 days, but fast-forward to Saturday, Vanguard now thinks the exact same words deserve a new interpretation and title.

This was the same Vanguard that heard Buhari say in a campaign:
"It is not good for the 1 dollar to exchange at N230"

And the next day Vanguard reports:
"I will make N1 = $1"

Now the VP says subsidy removal isnt the main cause of the hike, but rather, the high exchange rate is responsible since marketers now have to source forex at the parallel market.

But of course, Vanguard has a better interpretation of the above simple statement:
"FG Has Not Removed Fuel Subsidy"

Dahveydson:


Comprehension problems...

dukecharles:


That suddenly CBN can't provide Fx for fuel importation


when the likes of Dangote, Aisha Buhari and other bourgeois are messing with our Fx..

By the time Nigerians will realize that GEJ was the best thing that happened to Nigeria, PMS will be sold for 200, dollars will be exchanged for 500. I just don't like youths that cannot ruminate.

OBAGADAFFI:


My question for you .

If fuel prices increase to $100 will the government reintroduce subsidy?

Omooba77:


If you read it in your own media,may be your reasoning will be alive

http://www.punchng.com/fuel-price-increase-not-removal-subsidy-osinbajo/

MaziOmenuko:
Can someone explain in clear terms what the VP is offering.
If the hike is as a result of none access to forex, does it mean that the more dollars rises at the parallel market, the more the price of PMS shoots up? I don't even understand again.

Pidggin:
Now, i am confused

Huffington:
Another Zombie on the loose. If indeed the FG removed subsidy as you argued, why then are they fixing prices?

Hengineer:
It is actually painful explaining elementary things to people who are supposedly educated, but have sent their basic comprehension skills on permanent vacation because of some flimsy political sentiments.

The point I made was very clear, the quack Vanguard journalist is either too daft or just being dubious for coming up with such a wrong interpretation and title.

Regarding subsidy, the government fixed an UPPER price band to prevent marketers from exploiting Nigerians. It doesnt mean there is subsidy. The government is simply saying marketers can sell at any price they want but they shouldnt go above 145.

chisco82:

So we now need an English teacher/ instructor to analyze and teach us whatever the governmet said?
Well if that is the case how come fuel now sell at #145 per liter, ok i got u! It's called deregulation, the fuel marketers source for money on their own and imports sells according to exchange rate.
All i see is a way by which the FG is now using to embazzle our money because they can no longer come up with a figure that they can say is exact amount they are paying as fuel subsidy.

pchukwudi:


Can you define deregulation for me Mr. Smart? Do you even know what competition and market forces are?

Hengineer:
What exactly is the point you are trying to make?.. deregulation doesnt still mean thw govt should completely turn its head the other way while marketers exploit the nation.