Zico5:
I thought this woman was sane until recently I began to mind her utterances. She thought she knows it all whereas she is delusional. She complains about anything whereas her life is far from being perfect. I wonder how her husband cope with such egocentric woman. may God have mercy on u.

efilefun:
With crude at $80/bbl and exchange rate at N305/$? (special fx by FG for importers)

A barrel of crude is about 159 liters of crude.

Just dividing the $80 (N24,400) by 159 liters already gives a price of N153.4/liter without any processing.

So, by the time you factor in refining and transportation costs, THERE IS NO WAY the price will come as low as the 85/90 naira price PDP are claiming to reduce the price to.

But the unfortunate blockhead yoots won't see thru the lies but keep screaming Atikulooting.

obailala:
Even if our refineries were working, the only way petrol can be sold for N80 is if the govt subsidises it; or if our economy picks up so well that $1 becomes less than N100.

At $80/barrel, petrol should sell for about N150. If the govt then decides to just peg the price at N80, that already means a foregone ~N70 per litre which the govt would have made if it had just sold the crude at $80. You really do think you're smarter than Oby?

EverestdeBliu:
Madam mind your own business.... Face your campaign and analyzing other people's strategies.

obailala:
Even if our refineries were working, the only way petrol can be sold for N80 is if the govt subsidises it; or if our economy picks up so well that $1 becomes less than N100.

At $80/barrel, petrol should sell for about N150. If the govt then decides to just peg the price at N80, that already means a foregone ~N70 per litre which the govt would have made if it had just sold the crude at $80. You really do think you're smarter than Oby?

Akaujaa:


Why not mind your own business too.

DQ94:
There was a report about a pastor who released a sextape involving him and a lover... It was on Front Page, even.

Well... Here goes: https://www.xvideos.com/video40711727/nigerian_pastor_funking_his_mistress

yeyeboi:
FTC On FP


I Dedicate This FTC To All Atikulated Supporters , 2019 The AIM Is To Send The Lifeless Back To Daura And Make Nigeria Great Again

Are you minding these ones. Atiku is not yet president but she is more worried about Atiku than the present failure!

All they are doing is giving people reason to vote Atiku because they all regard him as good competition. It also imply he is the only one that can dethrone the incumbent.

Let them write epistles, #iamsouthwestandiamatikulated





No Matter What You Say I Have Been Atikulated , This Woman No Get Talk For Mouth

efilefun:
With crude at $80/bbl and exchange rate at N305/$? (special fx by FG for importers)

A barrel of crude is about 159 liters of crude.

Just dividing the $80 (N24,400) by 159 liters already gives a price of N153.4/liter without any processing.

So, by the time you factor in refining and transportation costs, THERE IS NO WAY the price will come as low as the 85/90 naira price PDP are claiming to reduce the price to.

But the unfortunate blockhead yoots won't see thru the lies but keep screaming Atikulooting.

EverestdeBliu:
Madam mind your own business.... Face your campaign and analyzing other people's strategies.

SarkinYarki:
Stupid woman !!! Where did she here Atiliku say anything reducing the price of fuel ..when I say this wicked evil woman is working for Buhari I know what I am saying

efilefun:
With crude at $80/bbl and exchange rate at N305/$? (special fx by FG for importers)

A barrel of crude is about 159 liters of crude.

Just dividing the $80 (N24,400) by 159 liters already gives a price of N153.4/liter without any processing.

So, by the time you factor in refining and transportation costs, THERE IS NO WAY the price will come as low as the 85/90 naira price PDP are claiming to reduce the price to.

But the unfortunate blockhead yoots won't see thru the lies but keep screaming Atikulooting.

uba1991:
u ar not current olodo

lexy2014:

How did u arrive at N150 per litre of petrol 4 locally refined PMS?

EasternActivist:


Stop deceiving yourself Mister...

If we have what it takes for other countries we refine our product from to refine ours then there is no means importing it and paying for Landing cost and other expenses. Tell me what will keep the petrol from being free even, let alone sold at a high price of N80? And yes without any form of subsidy.

obailala:


Global oil price is ~$80, and a barrel of crude can produce roughly 160 litres of pms. At current official exchange rate of N305/$, $80 = N24400 for 160 litres. That comes up to roughly N152.5. Note that the figure above has not considered the cost of adding value to the crude; i.e. refining, transportation, storage and other miscellaneous costs.

So with the above in mind, if Nigerian govt refines it's crude and decides to drop the pump price to N80, it would be losing over N70/litre which it would have gained if it decides to alternatively just sell the crude internationally at $80; in essence, Nigeria would be foregoing about $37 per barrel of crude it uses for local consumption. That foregone figure is already subsidy, and it's something no Nigerian govt would willingly want to go back to if it can be avoided. Oby Ezekwesili does not blab.

@EasternActivist
If you're ignorant of a subject, the honorable and mature thing to do is to ask for an explanation rather than jump around calling people liars.

yeyeboi:
FTC On FP


I Dedicate This FTC To All Atikulated Supporters , 2019 The AIM Is To Send The Lifeless Back To Daura And Make Nigeria Great Again






No Matter What You Say I Have Been Atikulated , This Woman No Get Talk For Mouth

theoldpretender:


They should...but it isn't politically popular.

For ordinary people,it means higher fuel prices. For NNPC, it means an end to the corruption...well most of it.

Yet, despite the higher prices, oil subsidy removal makes sense long term for an economic point of view. The problem is, most of us Nigerians have been suffering too much to see this vision.

ITbomb:

If you have policies to encourage and establish modular refineries to refine and distribute locally, it takes care of your exchange rate and crude price calculations.

We MUST not continue depending on imported fuel, it exposes us to uncontrolled external risks

Yes, it can be reduced with right leadership
Atiku 2019

efilefun:
With crude at $80/bbl and exchange rate at N305/$? (special fx by FG for importers)

A barrel of crude is about 159 liters of crude.

Just dividing the $80 (N24,400) by 159 liters already gives a price of N153.4/liter without any processing.

So, by the time you factor in refining and transportation costs, THERE IS NO WAY the price will come as low as the 85/90 naira price PDP are claiming to reduce the price to.

But the unfortunate blockhead yoots won't see thru the lies but keep screaming Atikulooting.

surgical:
simply by cutting the corruption associated with the current subsidy regime where 30m litres per day consumption is inflated to 60m per day, imagine what the savings can do if it is done transparently

ephemm:
She's just another spoiler.


There are over 50 political parties in the US, but only Democrats and Republicans take the White House.

Elections can only be won with the right political structures and not by rhetorics or social media followership.
Trump was a Democrat, he then defected to GOP, he got there and changed the narrative, imposing his ideas and got a cult followership.

As far as Nigeria's 2019 election is concerned, the only choice before us is APC or PDP. Anyone could decide to waste his or her vote where it would not count. Vote APC if you want us to continue this way, or PDP if you think there is ever another way out.

Any vote aside these 2 is just as good a vote for APC.

lexy2014:


U are talking about exchange rate and global price of oil. What has that got 2do with local production? Does NNPC import d crude it refines? D N70 u say NNPC will loose, were is it from? What is d breakdown? What is d breakdown of ur N150? What is d cost of refining a litre of PMS locally? Transportation, storage and other miscellaneous cost..what's d basis 4 all these costs and activities 4 local refining?

efilefun:
With crude at $80/bbl and exchange rate at N305/$? (special fx by FG for importers)

A barrel of crude is about 159 liters of crude.

Just dividing the $80 (N24,400) by 159 liters already gives a price of N153.4/liter without any processing.

So, by the time you factor in refining and transportation costs, THERE IS NO WAY the price will come as low as the 85/90 naira price PDP are claiming to reduce the price to.

But the unfortunate blockhead yoots won't see thru the lies but keep screaming Atikulooting.

obailala:
So you ean you did not understand a single thing in that explanation I gave earlier?... You probably were just in a hurry to respond, I doubt you read what I wrote. Kindly go back and re-read it (this time do it slowly), you will get all the answers to your question.

mimimile93:


There's no competent person yet. For now, Buhari is our only hope.

BlacDonaldTrump:


I disagree with your 50 political parties in the USA. I live in the USA and in fact I voted in the midterm elections yesterday. I know you are trying to make your point but pls with facts.
Thanks.

chucks4sure:


Why has exchange rate gone so high? When Buhari took over from GEJ it was N170/$ now it has gone to N305/$ in fact I have bought dollar N370. This is monumental failure. What was the price of fuel when he took over it was N85 now it is N145. Another failure. This man is seeking for second tenure.This is insane and ridiculous. As a medical doctor, I'm presicribing Atikumacyn and Obisunate to save Nigeria from sudden death. Nigeria is in emergency room.

lexy2014:


U are talking about exchange rate and global price of oil. What has that got 2do with local production? Does NNPC import d crude it refines? D N70 u say NNPC will loose, were is it from? What is d breakdown? What is d breakdown of ur N150? What is d cost of refining a litre of PMS locally? Transportation, storage and other miscellaneous cost..what's d basis 4 all these costs and activities 4 local refining?

lexy2014:


U haven't given any explanation my dear. U said absolutely nothing. U are using d indices of determining d cost of imported product to determine d cost of locally refined product. Does that make sense? If we are talking about local refining, then what has local refining got to do with foreign exchange and d global price of crude oil? Does NNPC import crude oil 4d purpose of local refining that u are talking about price of crude on d global market and foreign exchange? What has cost of transportation, storage got to do with local refining? What do u mean by miscellaneous costs? U need to break things down. So take ur time to read my last post and this and answer d questions I asked