FG Proposes N120 Per Litre, Labour Leaders Kick - Politics (5)

FG Proposes N120 Per Litre, Labour Leaders Kick - Politics (5) - Nairaland

Nairaland Forum › Nairaland General › Politics › FG Proposes N120 Per Litre, Labour Leaders Kick (49778 Views)

Re: FG Proposes N120 Per Litre, Labour Leaders Kick by Lastanza: 10:30am On May 17, 2016

omenka:
This isn't right.

Let me bare an unbiased opinion about this since it appears the wailers are simply too dumb to engage on in any constructive and intelligent argument- all I've been hearing are insults and "apologise to Jonathan".

No Wailer has been able to ask one a very IMPORTANT question regarding one VERY OBVIOUS ANOMALY surrounding this whole "subsidy removal/deregulation" stuff, and that question is: if the government had earlier claimed that they subsidise petrol by about N17 per litre, then why on earth isn't fuel selling for approximately N103 per litre ( ie 86+17) as against N145 or the N120 allegedly being proposed now??

Wailers, make una try get small sense so una go fit put us, and perhaps, the government, on our toes. Throwing insults around and getting tens of likes wouldn't get you lot anywhere.

Government needs to tell us why it is 145 and not 103.

Look at these one claiming us us as if you are not feeling d heat also. Be deceiving yourself as if you pay different prices from what others are paying in d market today. A non hypocritical supporter of a government criticizes when d government errs and not claiming to be advising the opposition on what to say.
Poverty may even be raping you but you are too shy and hypocritical to antagonize the people(or person) dat is inflicting d pains on you.

Youths selling their birth right for a pot of porridge. Too bad!

3 Likes 1 Share

Re: FG Proposes N120 Per Litre, Labour Leaders Kick by donphilopus: 10:31am On May 17, 2016

omenka:
Lol. These guys make one miss being in the opposition honestly. Dem no just get any sense at all.

If no be Barca and Dearpreye wey dey assist their ministry small small, opposition for no dey nairaland.

Lol. . .Peeps like Severe-Anus-Shape na Buhari is a burukutu sipping bastard them just sabi. .They're just so daft! cheesy

Re: FG Proposes N120 Per Litre, Labour Leaders Kick by MADrator: 10:31am On May 17, 2016

omenka:
Lol. These guys make one miss being in the opposition honestly. Dem no just get any sense at all.

If no be Barca and Dearpreye wey dey assist their ministry small small, opposition for no dey nairaland.

Ogbeni shut your trap jor! After displaying gross ignorance, you're here claiming don! Rubbishes!

Hahahahahahahahahahahaha cheesy

Go get informed and stop displaying ignorance because the government has even explained how it arrived at that price while you're here still waiting for explanation.. grin

donphilopus:
Lol. . .Peeps like Severe-Anus-Shape na Buhari is a burukutu sipping bastard them just sabi. .They're just so daft!

Severussnape is light years ahead of you and your omenka way no sabi follow simple news.. cheesy

2 Likes

Re: FG Proposes N120 Per Litre, Labour Leaders Kick by ALAYORMII: 10:32am On May 17, 2016

Where are we headed in this country?

Tot they said they've removed subsidy, how is it still possible to reduce the price without paying subsidy?

Re: FG Proposes N120 Per Litre, Labour Leaders Kick by GWMI(m): 10:33am On May 17, 2016

We don't need FG's proposal.It is either it is N85 or LET THE STRIKE START NOW.thanks.

1 Like 1 Share

Re: FG Proposes N120 Per Litre, Labour Leaders Kick by NOETHNICITY(m): 10:34am On May 17, 2016

omenka:
This isn't right.

Let me bare an unbiased opinion about this since it appears the wailers are simply too dumb to engage on in any constructive and intelligent argument- all I've been hearing are insults and "apologise to Jonathan".

No Wailer has been able to ask one a very IMPORTANT question regarding one VERY OBVIOUS ANOMALY surrounding this whole "subsidy removal/deregulation" stuff, and that question is: if the government had earlier claimed that they subsidise petrol by about N17 per litre, then why on earth isn't fuel selling for approximately N103 per litre ( ie 86+17) as against N145 or the N120 allegedly being proposed now??

Wailers, make una try get small sense so una go fit put us, and perhaps, the government, on our toes. Throwing insults around and getting tens of likes wouldn't get you lot anywhere.

Government needs to tell us why it is 145 and not 103.

The reason it isn't 103 but 145 is because of the corresponding high cost at which marketers or importers are expected to source for forex, from various secondary sources,which has been pegged at $1- N285 or thereabout!

Re: FG Proposes N120 Per Litre, Labour Leaders Kick by MADrator: 10:35am On May 17, 2016

GWMI:
We don't need FG's proposal.It is either it is N85 or LET THE STRIKE START NOW.thanks.

Hahahahahahaha! Omo see vexation! I'm both solidly and liquidly behind this your proposition brov! cool

Re: FG Proposes N120 Per Litre, Labour Leaders Kick by IVORY2009(m): 10:35am On May 17, 2016

omenka:
Lol. These guys make one miss being in the opposition honestly. Dem no just get any sense at all.

If no be Barca and Dearpreye wey dey assist their ministry small small, opposition for no dey nairaland.

Na u come get sense pass? I dey laugh grin

yeye dey smell, how ur other handle "Passingshot"

1 Like 1 Share

Re: FG Proposes N120 Per Litre, Labour Leaders Kick by gtboy2626: 10:36am On May 17, 2016

still observin God knows d best

Re: FG Proposes N120 Per Litre, Labour Leaders Kick by donphilopus: 10:38am On May 17, 2016

MADrator:
Ogbeni shut your trap jor! After displaying gross ignorance, you're here claiming don! Rubbishes!

Hahahahahahahahahahahaha

Go get informed and stop displaying ignorance because the government has even explained how it arrived at that price while you're here still waiting for explanation..

Severussnape is light years ahead of you and your omenka way no sabi follow simple news..

Do I even need to dignify you with a response? You can continue blabbing. Who takes people who are bereft of ideas like you seriously? Definitely not me! Stop stalking me.

Re: FG Proposes N120 Per Litre, Labour Leaders Kick by LEXYCOM: 10:39am On May 17, 2016

Fed govt, what ur last price?

1 Like

Re: FG Proposes N120 Per Litre, Labour Leaders Kick by MADrator: 10:41am On May 17, 2016

donphilopus:
Do I even need to dignify you with a response? You can continue blabbing. Who takes people who are bereft of ideas like you seriously? Definitely not me! Stop stalking me.

He is bereft of ideas but yet miles ahead of you and your omenka in matters arising. Simple current happenings, una no sabi but yet be forming super brilliant. I wonder what kinda grade y'all graduated with from the Uni self.. Probably a pass degree, 3rd class or second class lower... grin

Re: FG Proposes N120 Per Litre, Labour Leaders Kick by worksmart(m): 10:42am On May 17, 2016

They won't agree until they are offered houses and bribes as is the normal practise during PDP governments grin

Re: FG Proposes N120 Per Litre, Labour Leaders Kick by omenka(m): 10:43am On May 17, 2016

donphilopus:
Lol. . .Peeps like Severe-Anus-Shape na Buhari is a burukutu sipping bastard them just sabi. .They're just so daft!

You really fall my hand say you reply that person up there. Some of these people be like chaff inside wind- who pays attention to chaffs? cheesy

Re: FG Proposes N120 Per Litre, Labour Leaders Kick by MADrator: 10:43am On May 17, 2016

modelmike7:
I believe in Buhari. He meant good for this country... Carry me dey go, Buhari carry me dey go dey go dey go . . . .

Until he carry you enter cesspit ba? Hahahahahahahahahaha! Orishi-rishi grin

Re: FG Proposes N120 Per Litre, Labour Leaders Kick by Prdo: 10:45am On May 17, 2016*

l am amazed the way the FG is negotiating the price of PMS with labour like market women. Nigerians do not know how to moderately adjust/guage the price of goods and services, once there is an increase in pump price of PMS. Even if eventually they both agree 88 Naira, as long as there is an icrease, labour should insist on the proposed 56k minimum wage.

Re: FG Proposes N120 Per Litre, Labour Leaders Kick by jimoqua: 10:46am On May 17, 2016

we too like strike in Nigeria, there should be an agreement. I can see smile at the end of the tunnel

Re: FG Proposes N120 Per Litre, Labour Leaders Kick by deejaydeji: 10:47am On May 17, 2016

omenka:
This isn't right.

Let me bare an unbiased opinion about this since it appears the wailers are simply too dumb to engage on in any constructive and intelligent argument- all I've been hearing are insults and "apologise to Jonathan".

No Wailer has been able to ask one a very IMPORTANT question regarding one VERY OBVIOUS ANOMALY surrounding this whole "subsidy removal/deregulation" stuff, and that question is: if the government had earlier claimed that they subsidise petrol by about N17 per litre, then why on earth isn't fuel selling for approximately N103 per litre ( ie 86+17) as against N145 or the N120 allegedly being proposed now??

Wailers, make una try get small sense so una go fit put us, and perhaps, the government, on our toes. Throwing insults around and getting tens of likes wouldn't get you lot anywhere.

Government needs to tell us why it is 145 and not 103.

The reason is because the price increase is not just to remove subsidy, it is necessary so as to discourage marketers from carrying the petrol to othere african countries where dey will sell at higher cost and thereby causing fuel scarcity in Nigeria. also the non availability of forex caused the increase. maybe you dont even know that the major way Nigeria gets dollars is via sales of crude oil, but since the price of oil has reduced in world market it has reduced the amount of dollar that gets in the country thereby causing dollar scarcity.

Re: FG Proposes N120 Per Litre, Labour Leaders Kick by donphilopus: 10:50am On May 17, 2016

omenka:
You really fall my hand say you reply that person up there. Some of these people be like chaff inside wind- who pays attention to chaffs?

Lol. . .I knew you purposely snubbed him. I just wanted to dignify him a lil bit joor. .It would be too bad for him to feel quarantined na! cheesy

Re: FG Proposes N120 Per Litre, Labour Leaders Kick by VLadipo: 10:54am On May 17, 2016

emmygzy:
stop that lie. @ 199, according to kachikwu the price is about 100 naira, but at 298 they now arrived at 145. The truth is why will government use parallel rate of 298 to calculate oil price when they are using the official rate? Does it mean that theyve already devalued the naira? NNPC too are selling at 145, what happens to the 45 naira extra because NNPC cannot be saying that they got their own forex at 298 from central bank because it is an agency of the federal government. They just want to extort money from the masses.

The truth is that the N199/$1 official exchange rate is unrealistic and unsustainable.
Also, NNPC is a profit-making not charity organisation hence it shouldn't be seen to be fleecing the government.
Honestly, subsidy must go for the country to progress.
Eventually, we shall be the better for it!

Re: FG Proposes N120 Per Litre, Labour Leaders Kick by uracocksucker: 10:56am On May 17, 2016

omenka:
This isn't right.

Let me bare an unbiased opinion about this since it appears the wailers are simply too dumb to engage on in any constructive and intelligent argument- all I've been hearing are insults and "apologise to Jonathan".

No Wailer has been able to ask one a very IMPORTANT question regarding one VERY OBVIOUS ANOMALY surrounding this whole "subsidy removal/deregulation" stuff, and that question is: if the government had earlier claimed that they subsidise petrol by about N17 per litre, then why on earth isn't fuel selling for approximately N103 per litre ( ie 86+17) as against N145 or the N120 allegedly being proposed now??

Wailers, make una try get small sense so una go fit put us, and perhaps, the government, on our toes. Throwing insults around and getting tens of likes wouldn't get you lot anywhere.

Government needs to tell us why it is 145 and not 103.

let me break it down real quick.

Subsidy has indeed been removed simple. Crude price has crashed ridiculously so the price you buy your raw has reduced ...your selling price should reduce too but that was being subsidized so less subsidy and all is bless

Now you buy fuel with forex(Dollars) and we all know Nigeria doesnt have Dollars. Note that all along, fuel importers have sourced dollar from CBN.

CBN has now shut-up shop to importers so they have to get dollars from black market.

CBN WAS ABOUT 200 BLACK MARKET WAS ABOUT 340
PUMP PRICE WAS 87 AND HAS BEEN PROPOSED TO 145.

so thats why it is 145

1 Like

Re: FG Proposes N120 Per Litre, Labour Leaders Kick by Ashmark(m): 10:56am On May 17, 2016

madridguy:
Say No to Strike
Say YES to Salary Increment.

Which Salary? Is it the one that some State can not pay
Salary increment is not the way forward.

Re: FG Proposes N120 Per Litre, Labour Leaders Kick by VLadipo: 10:58am On May 17, 2016

ALAYORMII:
Where are we headed in this country?

Tot they said they've removed subsidy, how is it still possible to reduce the price without paying subsidy?

By waving off landing cost and NIMASA charges.

Re: FG Proposes N120 Per Litre, Labour Leaders Kick by mokset123: 11:00am On May 17, 2016*

omenka:
This isn't right.

Let me bare an unbiased opinion about this since it appears the wailers are simply too dumb to engage on in any constructive and intelligent argument- all I've been hearing are insults and "apologise to Jonathan".

No Wailer has been able to ask one a very IMPORTANT question regarding one VERY OBVIOUS ANOMALY surrounding this whole "subsidy removal/deregulation" stuff, and that question is: if the government had earlier claimed that they subsidise petrol by about N17 per litre, then why on earth isn't fuel selling for approximately N103 per litre ( ie 86+17) as against N145 or the N120 allegedly being proposed now??

Wailers, make una try get small sense so una go fit put us, and perhaps, the government, on our toes. Throwing insults around and getting tens of likes wouldn't get you lot anywhere.

Government needs to tell us why it is 145 and not 103.

Government has told you why, research more and you would be well informed.

If major marketers get dollar at 197 naira from cbn then the cost of landing refined fuel at our ports would be 84 naira, distribution charge would be 14 naira hence, without subsidy a litre of pms would sell at (84+14=98 naira) so government has been subsidising at 12 naira so we have 98-12= 86 naira.

But government can't continue to provide the forex needed by oil marketers to import pms since the revenue we generate from crude oil sales has been plummeting since june 2014 hence our foreign reserves is been depleted as a result of demand for dollar to satisfy importers of which the cbn has been trying to manage through various policies.

The recent announcement by the minister of petroleum for state, is that fuel would not be sold above 145 based on the following guidelines by the pppra

1. Oil marketer are to source for their dollar at the secondary market and they pegged dollar exchange rate at 298 naira to dollar. Difference here is that the oil marketers would not wait or hope that cbn would give them dollar at its own rate of 197 anymore

2. If oil marketers get a dollar at 298 naira then landing cost of pms in our ports would be at 118 naira, distribution charge would cost about 18 naira then the cost of pms would be 118+18=136 naira so the government gave extra gap in its computation that is 136-145 naira for a litre of pms

Unanswered question here should be how much should our locally refined fuel be sold for.

2 Likes

Re: FG Proposes N120 Per Litre, Labour Leaders Kick by 4nobody4every1: 11:01am On May 17, 2016

omenka:
This isn't right.

Let me bare an unbiased opinion about this since it appears the wailers are simply too dumb to engage on in any constructive and intelligent argument- all I've been hearing are insults and "apologise to Jonathan".

No Wailer has been able to ask one a very IMPORTANT question regarding one VERY OBVIOUS ANOMALY surrounding this whole "subsidy removal/deregulation" stuff, and that question is: if the government had earlier claimed that they subsidise petrol by about N17 per litre, then why on earth isn't fuel selling for approximately N103 per litre ( ie 86+17) as against N145 or the N120 allegedly being proposed now??

Wailers, make una try get small sense so una go fit put us, and perhaps, the government, on our toes. Throwing insults around and getting tens of likes wouldn't get you lot anywhere.

Government needs to tell us why it is 145 and not 103.

l concur

Re: FG Proposes N120 Per Litre, Labour Leaders Kick by urpee28(m): 11:01am On May 17, 2016

omenka:
This isn't right.

Let me bare an unbiased opinion about this since it appears the wailers are simply too dumb to engage on in any constructive and intelligent argument- all I've been hearing are insults and "apologise to Jonathan".

No Wailer has been able to ask one a very IMPORTANT question regarding one VERY OBVIOUS ANOMALY surrounding this whole "subsidy removal/deregulation" stuff, and that question is: if the government had earlier claimed that they subsidise petrol by about N17 per litre, then why on earth isn't fuel selling for approximately N103 per litre ( ie 86+17) as against N145 or the N120 allegedly being proposed now??

Wailers, make una try get small sense so una go fit put us, and perhaps, the government, on our toes. Throwing insults around and getting tens of likes wouldn't get you lot anywhere.

Government needs to tell us why it is 145 and not 103.

nice submission,but the problem is not the issue of fuel subsidy per say sourcing for dollars is d main problem we re facing now,fall in the price of crude oil globally has made it difficult for nnpc to carry on with d burden of solely importing fuel for the nation nd d only option is to allow marketer's to import fuel

Re: FG Proposes N120 Per Litre, Labour Leaders Kick by cyberguy72(m): 11:13am On May 17, 2016

OsusuMustFlow:
abi

N86 OR STRIKE

Re: FG Proposes N120 Per Litre, Labour Leaders Kick by AroOkigbo(m): 11:19am On May 17, 2016

idupaul:
We don't want 120 naira a litre then later someone will tell us there is still subsidy. .let them leave it at 145 a litre ooo

Even at #145, they said subsidy has not been removed. grin

1 Like

Re: FG Proposes N120 Per Litre, Labour Leaders Kick by Hengineer: 11:19am On May 17, 2016

wordychap:
Get your facts n figures right
Even at N110/litre no subsidy will b paid because it doesn't exist at d present crude oil price

Have you considered the fact that fuel importers are now required to get forex from the black market at ~N300 to $1 instead of the previous N198?... This forex issue is the primary reason why it yanked to N145, not necessarily the subsidy removal. What this development means now is that the FG would now have to resume subsidising forex gap for marketers, this is basically the same as re-introducing subsidies.

With the idea of asking importers to go to the black market, the plan was for the CBN to be able to direct the massive forex chest to manufacturers, the manufacturers association of Nigeria had already started rejoicing over this as it had the capacity to re-inject life into the dead manufacturing sector. But apparently, if the CBN is now forced to continue subsidizing forex for fuel importers, the opportunity cost would be the manufacturing sector.

1 Like

Re: FG Proposes N120 Per Litre, Labour Leaders Kick by nkemjacob2(m): 11:23am On May 17, 2016

Minister Of Petroleum (Buhari) Has Alot To Explain To Nigerians. D Purpose Of D #145 Fuel Price. Kachukwu SaId Gvt Is Subsidizing Fuel For #12, So If U Remove #12 From Subsidy It Will B #86.50 + #12 = #98.5. So Why D #145. I Smell Corruption About To Take Place. I Dont Trust APC Gvt.

Re: FG Proposes N120 Per Litre, Labour Leaders Kick by romanus455(m): 11:25am On May 17, 2016

God pls help us.why hw we even subsidizing it when we have oil in the country .it supose to be 100 naira per litre nt 120 or 145.

Re: FG Proposes N120 Per Litre, Labour Leaders Kick by Prales(m): 11:26am On May 17, 2016*

Omenka and company have continuously and brazenly divided Nigeria along wailers and zombies and Seun sees nothing wrong in that. Instead of preaching unity, Nairaland has become a forum for division, always tearing tribes apart, hounding people with differing opinions. Yet, we all go to the same market, buy same fuel and other things all at the prevailing market prices. Kontinue.

I understand Omenka is from Benue State. Is Benue State also among the zombies? Is it by the number of votes given to APC or by being counted amongst the 19 Northern states that makes one belong to the zombies or wailers? Or you just want your voice to be heard as an APC apologist. Kontinue.

Treat with respect all things held sacred to others whether you like it or not. Respect differing opinions even though you think them stupid and inconsequential. Statesmen are born not made. Even if you were not born a statesman, pretend and live your life like one.

Seun, its time you guys moderate this forum and convince moderate individuals that its not kids and charlatans that come to Nairaland to pour aspersions on one another.

omenka:
This isn't right.

Let me bare an unbiased opinion about this since it appears the wailers are simply too dumb to engage on in any constructive and intelligent argument- all I've been hearing are insults and "apologise to Jonathan".

No Wailer has been able to ask one a very IMPORTANT question regarding one VERY OBVIOUS ANOMALY surrounding this whole "subsidy removal/deregulation" stuff, and that question is: if the government had earlier claimed that they subsidise petrol by about N17 per litre, then why on earth isn't fuel selling for approximately N103 per litre ( ie 86+17) as against N145 or the N120 allegedly being proposed now??

Wailers, make una try get small sense so una go fit put us, and perhaps, the government, on our toes. Throwing insults around and getting tens of likes wouldn't get you lot anywhere.

Government needs to tell us why it is 145 and not 103.

1 Like

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