₦airaland Forum

obailala:
Fuel scarcity loading!

A nation that cant refine its own fuel after 60 years, it also wants cheap fuel but doesnt want to pay subsidies. Such an interesting situation.

Cromcruach91:
In case you must know, we caused it.

I have seen guys here call subsidy a fraud, and then turn around and demand low petrol prices.

The only way to keep prices low is.. by paying a subsidy.

Govt knows that,and it knows subsidy is economic disaster, but also knows it won't survive petrol going up above 200 if there was no subsidy.

So NNPC engages in a scam to keep fuel low.

Yet, without the scam, we would have been buying fuel at 200 and above, and you people would be complaining

Pesuzok:
In this case na the masses go suffer. Buhari or the senators would not feel the brunt

Cromcruach91:
We scrap subsidy payments, then NNPC is left with no option but to wisely deregulate, and fuel shoots up above 200 per liter.

Good for our economy, but you would complain again

Wiseandtrue:
What is good about it I wonder Buhari and your likes can survive what the masses are going through

Come to the grassroots, they are the mirror through the world see any government

Go and see what the people are going through

Policies that did not benefit the citizens of the country, that one na good policy

joudini:
Don't quote me again. You are a poorly informed fellow I have schooled a few times on this website on the fraud perpetrated by NNPC. It's comical that you appear mostly when the failures of NNPC are being magnified.

Any procurement outside the budget, no matter how noble, that disregards statutory, accounting and regulatory checks and balances is fraudulent.

Cromcruach91:
So we should keep the subsidy..that is what you want.

OK.

I am for deregulate, deregulate

Nathdoug:
THE LEGISLATHIEVES ARE NOW COMING FOR THE EXECUTHIEVES..

yazach:
but you have you pvc
no need for this epistle

Cromcruach91:
That is why we must deregulate.

Prices go up, yes, but so does investment, refineries, and eventually prices will crash due to competition.

We can't afford subsides anymore. Unless oil goes up to $150 and above

Pesuzok:
The senators are mad. They want to cause fuel scarcity again, Nigerians should wake up. It is either nnpc pays the subsidy or we buy fuel for 175

ejibaba:
So why was it increased to 145? @85 we paid lesser subsidies now 145 we pay more subsidy...Guy, even if you are paid won't you for once think of your children? How much are you paid compared to what they steal? God help you

Cromcruach91:
We scrap subsidy payments, then NNPC is left with no option but to wisely deregulate, and fuel shoots up above 200 per liter.

Good for our economy, but you would complain again

ejibaba:
So why was it increased to 145? @85 we paid lesser subsidies now 145 we pay more subsidy...Guy, even if you are paid won't you for once think of your children? How much are you paid compared to what they steal? God help you

Cromcruach91:
That is why we must deregulate.

Prices go up, yes, but so does investment, refineries, and eventually prices will crash due to competition.

We can't afford subsides anymore. Unless oil goes up to $150 and above

Seankay323:
Bors let the refineries be built first , the government should build refineries , if dangote comes on stream all other unpatriotic oil companies can go and die self. What stopped shell, chevron, oando, total , from building refineries and these guys say dey are into oil and gas. Now wen dangote builds his dey will all be scrambling to build their becos no more importation lol. Dangote for president jor. We must compel DAT man to run by force.

tete7000:
No one says subsidy shouldn't be paid but not through the backdoor. That leaves room for manipulation and stealing. If you Buhari pays subsidy let him raise appropriation for it through the house of assembly. He should be humble enough to swallow his vomit and admit subsidy is real and is being paid. All this one they are doing is avenue for corruption. His 'integrity' ought to help him rise above that.

ijustdey:
http://www.punchng.com/breaking-senate-indicts-nnpc-for-illegal-fuel-subsidy-orders-n216bn-refund/

MrsNwaAmaikpe:



Back in 2014/2015, Buhari said anything subsidy is a scam. Now he is the President and he is siphoning our money through the same subsidy he said never existed.

Buhari is a monumental failure.....a colossal mistake that must be corrected in 2019

tete7000:
No one says subsidy shouldn't be paid but not through the backdoor. That leaves room for manipulation and stealing. If you Buhari pays subsidy let him raise appropriation for it through the house of assembly. He should be humble enough to swallow his vomit and admit subsidy is real and is being paid. All this one they are doing is avenue for corruption. His 'integrity' ought to help him rise above that.

obailala:
Sadly, if oil goes up to $150, there will be no succor because petrol landing price will go up to N300 and that means more subsidy.

If the government was serious about solving this subsidy crisis without inflicting pains on Nigerians, a dedicated loan should have been taken to speedily set up several modular refineries (just at the site of existing refineries). After completion, the refineries should be handed over/concessioned to private establishments to run them efficiently and profitably and pay royalties to government just like the NLNG. With that arrangement, the loans could even be paid off in a couple of years and Nigeria would kiss the vicious subsidy cycle goodbye.

Cromcruach91:
1. Because by 2013, N87 was only being paid in Lagos and Abuja. By 2016 when we raised prices we were running out of money in dollars to subsides and import fuel, which meant landing costs had increased, so a price increase was done.

If we had not done so,we would have been in serious economic crisis.

2.If we want prices to go down to 87 naira again, which is what you want, we would have to drain our foreign reserves to pay subsides again. No thanks. We would be as broke as Venezuela if we did that.

Venezuela pays less than 80 naira per liter for fuel. Their foreign reserve is less than $10 billion.

Yankee101:
Senate fighting back

Cromcruach91:
That is why we must deregulate.

Prices go up, yes, but so does investment, refineries, and eventually prices will crash due to competition.

We can't afford subsides anymore. Unless oil goes up to $150 and above

erico2k2:
You are still confused, who told you landing cost of PMS is below N300

Pesuzok:
This is why they are losing hope on the youth.

Oga please be matching price of pms with the price of crude oil and the exchange rate.

We hate the government, but we need to understand the workings of certain things.