Esseite:


Do you even consider the plight of the common man when you spew words like this?

LionDeLeo:
Allowing the marketers to access forex at the rate of N204 is still another name for subsidy. Just that this time around, the product will not even be available as it will be more profitable to sell the dollars at N360 without any sweat. This is one of the areas the immediate past administration actually goofed.

NNPC mega stations at N145 while the masses are at mercy of other marketers is not even a logical option. Another room for some NNPC mega stations managers to quickly make their millions.

Total deregulation, na im win am.

GavelSlam:
Complainants.

There must be a local price response to the international price of oil.

As long as we don't have local refining capacity we must react to the landing costs.

Lament all you want but reality is reality.

Odingo1:

Hypocrite

GavelSlam:
Complainants.

There must be a local price response to the international price of oil.

As long as we don't have local refining capacity we must react to the landing costs.

Lament all you want but reality is reality.

chloride6:


Will you shutup!

The price of oil goes up, Nigerians are in trouble ...


It goes down, we are in trouble too....

The solution to this is that the government review the exchange rate which is one of the reasons we opted for a dynamic exchange rate mechanism.

But the Federal Government is having a field day at 300 Naira a dollar at least it has more Naira to meet it local obligations.

In a nutshell, Nigerians are subsidizing the expenses of the Federal Government

GavelSlam:


You mean subsidize the marketers dollar thirst such that they sit in their offices, import nothing but sell the same dollar at the blackmarket.

If you don't know anything about logic or history don't quote me.

chloride6:


I thought your messiah said he will end corruption. Is he back tracking ?

You folks are a shameless lot..

Nigerians have been suffering because of low oil prices...

Now they are suffering because of rising oil prices...

This is hilarious...

What ever you do in this goverment you are f4ucked...

Your watery argument against the special FX window doesnt hold water...

Oil marketers have always been privileged to access FX at below black market prices...

Oil marketers have been obtaining FX at 298 naira per dollar for over 1 year...

That is still a difference of over 60 naira when compared to the black market...

So what is the dullard's excuse?

The opportunity to round trip has always been there

Teacher1776:
It is increasing becoming clearer that Jonathan was a more humane manager of resources than this cattle rearer from Daura. Even at 100 dollar per litre, Jonathan was able to sustain a subsidy regime which ensures that fuel was sold at 97 naira per litre, from 75 naira it formerly sold. This cut down in subsidy generated a fund called sureP.
Here is Buhari, at 45 dollar to a barrel, fuel was sold at 145 naira from the former 87 naira. There is no report of a fund saved due to subsidy removal. Instead, government is taking a billion dollars from the excess crude account in the guise of fighting terrorism.
Two things are involved here. It is either Buhari and his cohorts are massively stealing from us or he is as dumb as a dullard, having no iota of idea as to where the money is migrating to.

Saaruman:
At the end of this drama by buhari's Incompetent govt, more people will begin to appreciate what GEJ went through when international oil price was $113/b yet was able to sell fuel at N97/litre, with a stable exchange rate at N210/$1
Contrast the above with the current N145 going N180/litre, exchange rate at N360/$1 with international oil price at $45 - $67 and you will understand that real governance is far from lies and propaganda.

chloride6:


We don catch am....

Shameless Gavelslam

You are now dragging a difference of N7,

Even at 305 Naira, there is still a difference of 55 Naira.

Come and explain yourself

Shameless BMC

chloride6:




Typical of you to focus on the messenger and leave the message....

Come and explain why 55 naira is not attractive enough to the oil marketer.

The PPPRA pricing template doesn't leave more than 20 naira to the oil marketer.

20 naira he will make after selling off his entire cargo...

I'm waiting for your explanation...you two faced bastard

Teacher1776:
It is increasing becoming clearer that Jonathan was a more humane manager of resources than this cattle rearer from Daura. Even at 100 dollar per litre, Jonathan was able to sustain a subsidy regime which ensures that fuel was sold at 97 naira per litre, from 75 naira it formerly sold. This cut down in subsidy generated a fund called sureP.
Here is Buhari, at 45 dollar to a barrel, fuel was sold at 145 naira from the former 87 naira. There is no report of a fund saved due to subsidy removal. Instead, government is taking a billion dollars from the excess crude account in the guise of fighting terrorism.
Two things are involved here. It is either Buhari and his cohorts are massively stealing from us or he is as dumb as a dullard, having no iota of idea as to where the money is migrating to.

GavelSlam:


There are things I wouldn't take kindly to.

Accept your ban in good fate.

Mynd44, lalasticlala.

KINGTELLER:


Why call the mod, were you not the one that threw the first jab (calling him a loser) or you think everybody can take a derogatory word.

Teacher1776:
It is increasing becoming clearer that Jonathan was a more humane manager of resources than this cattle rearer from Daura. Even at 100 dollar per litre, Jonathan was able to sustain a subsidy regime which ensures that fuel was sold at 97 naira per litre, from 75 naira it formerly sold. This cut down in subsidy generated a fund called sureP.
Here is Buhari, at 45 dollar to a barrel, fuel was sold at 145 naira from the former 87 naira. There is no report of a fund saved due to subsidy removal. Instead, government is taking a billion dollars from the excess crude account in the guise of fighting terrorism.
Two things are involved here. It is either Buhari and his cohorts are massively stealing from us or he is as dumb as a dullard, having no iota of idea as to where the money is migrating to.