₦airaland Forum

Nigerians should prepare to give Buhari the Bouteflika and Al bashil treatment.

Any attempt to increase pump price beyond N145 will spell doom. Buhari MUST go!

Enough is enough!!!

tactius:
Basically, reality is setting in.

The government cannot afford subsidy anymore. This was evident as far back as 2012...but we Nigerians refused to take a hint...

Time we removed subsidy. The whole thing is encouraging smuggling, and is becoming unfit for purpose.

So what did Buhari remove 3 years ago? you are talking like Buhari didn't remove subsidy completely 3 years ago only for him to be paying it behind and denying .

tactius:
No, NNPC cannot make enough money to keep our refineries in good shape because they import oil , sell it to marketers below the market price, and then get paid the difference between the market price and cannot make a profit.

And the corruption and sabotage happens because when you are not making money, you look for sly ways to make money.

If subsidy goes...all the sabotage and corruption will end. Because....continuing with that would make things worse for them (unlike now where thanks to being a government company they get free money whatever happens).

And of course...there is foreign investment, more profits and more jobs (Those cabals would EARN MUCH MORE under subsidy removal)

And eventually, prices would come down.

Win, win

better you look for yourself than caring about marketers....

when did they ever cared about you....??

give them power over prices and see how greedy they can be....

before you know,they will not even bother to refine in nigeria no more....more job loose and not more jobs....

una need to understand una mentality....

tactius:
Basically, reality is setting in.

The government cannot afford subsidy anymore. This was evident as far back as 2012...but we Nigerians refused to take a hint...

Time we removed subsidy. The whole thing is encouraging smuggling, and is becoming unfit for purpose.

Please chief, how many times will we remove subsidy? I'm not getting this anymore.

SarkinYarki:
So what did Buhari remove 3 years ago? you are talking like Buhari didn't remove subsidy completely 3 years ago only for him to be paying it behind and denying .

OK...here we go.

In 2016, we were selling fuel at N87. Landing cost of fuel was N132..

Buhari did a 'partial removal of subsidy' by raising prcies to N145...which ended subsdy payments till THE landing costs jumped up to N150 and kept rising ((now 205))

Subsidy was brought back as underrecovery.....to prevent a price rise revolt.

Not Only In Lagos or Ogun ,, It is also happening in OYO State, They are selling it at the rate of #200....

greatly Unfortunate and absolute wickedbess from our marketer

Same in Kwara State. It seems the products are coming in now. I queued somewhere for 2 hours yesterday and did not get fuel. On my way home I bought fuel with ease at another filling station.

MobilityExpress:
Look at you, just look at your mindset, this is one of the main reasons Nigeria is in chains, slaves to the political class. Your idea keeps us down the path of national slavery and poverty for the masses, while a few elite keeps doubling their wealth and become multi-billionaires. THE ONLY FACTS WE NEED TO FACE IS THAT Nigeria has no business importing oil, we are an oil producing country goddamit, a major oil producer, we have no freaking business importing oil. IT is because of oil importation that we have this subsidy scam of a thing running, that have turned some few people to mega billionaires while the masses suffer. The only fact we have to face is for us to cancel or ban fuel importation in this country and start regimental the oil we need, so we can sell at a fair rate that won't even be up to this current amount of 145/liter. Both NNPC, FG, oil marketers etc have been running the biggest scam in this country for too long. They sabotaged all our refineries intentionally. But you people can't see that. Too bad!

There is truth in what you said,why is no one talking about fuel importation which is the root cause of the problem..I have this feeling that there is a cult of big personalities comprising of our politicians and business barons running this cartel of importation of fuel.what do you think.

tactius:
No, NNPC cannot make enough money to keep our refineries in good shape because they import oil , sell it to marketers below the market price, and then get paid the difference between the market price and cannot make a profit.

And the corruption and sabotage happens because when you are not making money, you look for sly ways to make money.

If subsidy goes...all the sabotage and corruption will end. Because....continuing with that would make things worse for them (unlike now where thanks to being a government company they get free money whatever happens).

And of course...there is foreign investment, more profits and more jobs (Those cabals would EARN MUCH MORE under subsidy removal)

And eventually, prices would come down.

Win, win

We have no business importing oil under no circumstances. There is no justifiable reason to allow it except massive corruption that benefits only the elite. Our government ran down all the 5 government refineries in this country, and yet all this while never encouraged or mandated the private oil businesses to build refineries. The money the oil marketers have been running to import oil for decades now, that money could have built many refineries across this country, but no they don't want to be oil refiners, they wanted to be oil importers because that's where the corruption is, that's where they can make huge money and turn to overnight billionaires. That's why you have to respect Dangote so much, he chose to do the right thing, even though he could have easily joined the band wagon of petroleum importers and subsidy receivers milking this country dry with the oil importation business.

I have said it, the Government will be taking their minimum wage back via fuel increase, VAT increase, subsidy payments isn't longer visible, the government can't continue to dictate to independent marketers,

tactius:
Yes, let prices increase, because you cannot have landing cost of N205 AND sell at 145.

And stop all your complaining. The truth is, we must remove subsidy.


GEJ wanted to do it, people like you were protesting.

You cannot force businessmen to sell at a loss...and then expect things to be better.

If you want prices to come down...you have to let subsidy go. If you want investment...subsidy has to go. Government HAS to stop setting prices, and let the market do its thing.

And yes, this has nothing to do with PDP or APC.

Oga please tell us who send you because I don't understand the message you are trying to pass all this while. We are crying that things are hard and you're campaigning for it to get harder.

tsdarkside:
better you look for yourself than caring about marketers....

when did they ever cared about you....??

give them power over prices and see how greedy they can be....

OK...if you were running a business selling shirts, and you bought some at N1500 and wanted to sell at N2000
Government comes in and tells you to sell at N1300 per shirts, pays you N200 per shirt sold as subsidy.

You would like that, won't you?

tactius:
OK...here we go.

In 2016, we were selling fuel at N87. Landing cost of fuel was N132..

Buhari did a 'partial removal of subsidy' by raising prcies to N145...which ended subsdy payments till THE landing costs jumped up to N150 and kept rising ((now 205))

Subsidy was brought back as underrecovery.....to prevent a price rise revolt.

Stop telling it was partial removal because it wasn't!!!!! Then the govt said it was complete removal so much they didn't budget for it only to deny for years they were not paying and later coining up a fake term called under recovery to try to hide their payment of fuel subsidy while waiting for elections to pass . The Buhari govt is worst govt I have come across in my life I tell you , they are completely visionless and have no plan to improve anything ... When they claimed to have removed subsidy 4 years ago they promised to fix refineries and with time was out of the import based business but till date not a single refinery even touched and no improvement in electricity as I now spend over 7 thousand a day running my home generator because I have less than 7 hours of power

SHAKABOOM:
Kip kwayet
Time we removed which subsidy?During Jonas regime when he tried removing it,it wasn't time abi?so now is the time cos u are a little pissed?Baba will do sumtin he is working tirelessly to take us to the next level.

Sai baba!

C

tactius:
Depot price now N139

And we expect marketers to keep on selling at N145?? Even with subsidy.?

Landing cost now N205

Subsidy has to go. Niger Republic, they pay N397 for fuel. Benin Republic pays N298 per liter. Time we in Nigeria faced the cold reality. We should have allowed GEJ to remove subsidy in 2012...but we refused. Now...we are in the non-sustainable mode. Our debt is growing. Something has to give.

What are you saying this man ? stop being shallow ..didnt Buhari claim to have completely removed subsidy 4 years ago? Didn't he promise to fix refineries in 2 years ? Are you aware that Nigeriens you mentioned don't have to depend on petrol generators for 80 percent of their power needs like Nigerians..

tommyken:
There is truth in what you said,why is no one talking about fuel importation which is the root cause of the problem..I have this feeling that there is a cult of big personalities comprising of our politicians and business barons running this cartel of importation of fuel.what do you think.

Of course there is. The biggest mafia in this country is the oil importation mafia, they are so big and so powerful that they even held the government to ransom for years and dictate its policy. They are so powerful that the government can't confront them. They are the biggest economic problem this country has today. They slowly rose to great power since the time of IBB as military ruler but even then, they were mainly lobbyists, but today, especially since our new democracy with OBJ began, the oil mafia have become so powerful to the extent that they are literally running a shadow government of their own in parallel to the elected government and our people are so enslaved they can't even see the chains anymore. Everything you said is true. We need to wake up in this country. You cannot expect freedom from the same people that enslaved you in the first place. But what do we have, we have majority of Nigerians shouting Atikulate and Febuhari on social media and in the real world. Smh! We are so deep into oppressor worship, we don't even see anything wrong with it. Something is seriously fundamentally wrong with the people of this country.

MobilityExpress:
Look at you, just look at your mindset, this is one of the main reasons Nigeria is in chains, slaves to the political class. Your idea keeps us down the path of national slavery and poverty for the masses, while a few elite keeps doubling their wealth and become multi-billionaires. THE ONLY FACTS WE NEED TO FACE IS THAT Nigeria has no business importing oil, we are an oil producing country goddamit, a major oil producer, we have no freaking business importing oil. IT is because of oil importation that we have this subsidy scam of a thing running, that have turned some few people to mega billionaires while the masses suffer. The only fact we have to face is for us to cancel or ban fuel importation in this country and start regimental the oil we need, so we can sell at a fair rate that won't even be up to this current amount of 145/liter. Both NNPC, FG, oil marketers etc have been running the biggest scam in this country for too long. They sabotaged all our refineries intentionally. But you people can't see that. Too bad!

Don't mind that shallow guy he is part of the problem in this country who wants to keep blaming the masses and absolving the govt ...Where are the refineries Buhari promised ? is he saying Buharis plan is to import fuel for 8 years ?

tactius:
Plus, if poor countries like Niger and benin pay higher...and they are poorer than we are, why shouldun't we.

This your analogy doesn't hold water, please.

SarkinYarki:
What are you saying this man ? stop being shallow ..didnt Buhari claim to have completely removed subsidy 4 years ago? Didn't he promise to fix refineries in 2 years ? Are you aware that Nigeriens you mentioned don't have to depend on petrol generators for 80 percent of their power needs like Nigerians..

If you understood how subsidy worked...you would have taken all those assertions, when they were made with a pinch of salt.

Also, if government is still controlling the price, subsidy is still in force (That's why I didn't beleive them back in 2016 when they said it was gone.).

dfrost:
This your analogy doesn't hold water, please.

Landing cost is N205.

Oil price is $80 while we need it at $140

Nigeria pays a subsidy of N70 at least to keep prices at N145.

Due to low oil prices, and our rising debt....money to pay subsidy is falling.

Marketers cannot make a profit. because you cannot force someone to sell below the cost price.

Hence subsidy goes...or our economy continues to take hits.


And if Benin and Niger...whose populations are POORER than Nigeria...can pay higher..so can we.

tactius:
Depot price now N139

And we expect marketers to keep on selling at N145?? Even with subsidy.?

Landing cost now N205

Subsidy has to go. Niger Republic, they pay N397 for fuel. Benin Republic pays N298 per liter. Time we in Nigeria faced the cold reality. We should have allowed GEJ to remove subsidy in 2012...but we refused. Now...we are in the non-sustainable mode. Our debt is growing. Something has to give.

You're a zombie forming political activist. Your job is to preempt govt failures and make excuses for them before they do their thing. See how you're comparing Niger and Benin with Nigeria. First, how many people in those two countries have cars secondly, how many use generators to power their homes and businesses there. If you were sincere, you'll fight for govt to take steps to curb smuggling and round-tripping, improve the power situation and get our refineries working. Instead, you're asking govt to push one of its many failures down to the citizens. The subsidy must remain as long as people in govt enjoy the largesse in office but are not ready to live up to their responsibilities!!

tactius:
If you understood how subsidy worked...you would have taken all those assertions, when they were made with a pinch of salt.

Also, if government is still controlling the price, subsidy is still in force (That's why I didn't beleive them back in 2016 when they said it was gone.).

The question is what effort has the Buhari govt made to reduce fuel importation in the country ? Till that is solved the govt cant keep claiming the solution is total removal of subsidy while the real solution lies in fixing and improving our refining capacity

MobilityExpress:
Look at you, just look at your mindset, this is one of the main reasons Nigeria is in chains, slaves to the political class. Your idea keeps us down the path of national slavery and poverty for the masses, while a few elite keeps doubling their wealth and become multi-billionaires. THE ONLY FACTS WE NEED TO FACE IS THAT Nigeria has no business importing oil, we are an oil producing country goddamit, a major oil producer, we have no freaking business importing oil. IT is because of oil importation that we have this subsidy scam of a thing running, that have turned some few people to mega billionaires while the masses suffer. The only fact we have to face is for us to cancel or ban fuel importation in this country and start refining the oil we need by ourselves, so we can sell at a fair rate that won't even be up to this current amount of 145/liter. Both NNPC, FG, oil marketers etc have been running the biggest scam in this country for too long. They sabotaged all our refineries intentionally. But you people can't see that. Too bad!

You spoke my mind. In addition, the average oil price for the past 3 months is at $ 65 per barrel which captures data till date. The excuses given today that the landing cost has risen to N205 is no news, after all it has been like this and even higher when fuel price hit $80 per barrel. I keep telling people that we Nigerians are our greatest problem. Everybody is too greedy. Creating artificial scarcity by marketers, FG deceives the masses with subsidy scam and depot authorities diverting fuel to other countries are the major problems hitting the downstream sector. How much will it cost to repair our refinery? This spans to other sectors, take for example, aviation. A country that claims to be African giant yet does not have a single carrier, not even a single plane in operation. Everybody just want to steal, build houses, buy cars, go overseas, and what else again?

tactius:
OK...if you were running a business selling shirts, and you bought some at N1500 and wanted to sell at N2000
Government comes in and tells you to sell at N1300 per shirts, pays you N200 per shirt sold as subsidy.

You would like that, won't you?

you dont understand what am talkin about....the problem is not about makin profit,the problem is nigerian way of makin profit....their greed knows no limit....

tactius:
Landing cost is N205.

Oil price is $80 while we need it at $140

Nigeria pays a subsidy of N70 at least to keep prices at N145.

Due to low oil prices, and our rising debt....money to pay subsidy is falling.

Marketers cannot make a profit. because you cannot force someone to sell below the cost price.

Hence subsidy goes...or our economy continues to take hits.


And if Benin and Niger...whose populations are POORER than Nigeria...can pay higher..so can we.

If subsidy goes, the prices of commodities will keep souring high till nobody will be able to afford food. As if you don't know how greedy Nigerians, especially oil marketers are. Best thing is to repair existing refineries and build new ones. At this, only operational cost will be involved. Issue of shipping cost will disappear as we have it now.

wristbangle:
You spoke my mind. In addition, the average oil price for the past 3 months is at $ 65 per barrel which captures data till date. The excuses given today that the landing cost has risen to N205 is no news, after all it has been like this and even higher when fuel price hit $80 per barrel. I keep telling people that we Nigerians are our greatest problem. Everybody is too greedy. Creating artificial scarcity by marketers, FG deceives the masses with subsidy scam and depot authorities diverting fuel to other countries are the major problems hitting the downstream sector. How much will it cost to repair our refinery? This spans to other sectors, take for example, aviation. A country that claims to be African giant yet does not have a single carrier, not even a single plane in operation. Everybody just want to steal, build houses, buy cars, go overseas, and what else again?

i tell you....

SarkinYarki:
The question is what effort has the Buhari govt made to reduce fuel importation in the country ? Till that is solved the govt cant keep claiming the solution is total removal of subsidy while the real solution lies in fixing and improving our refining capacity

The issue is that with oil prices being below what we need it to run a balanced budget, and with the debts we have, I doubt government can build new refineries.

The same issue has been there FOR a long time.(or why didn't GEJ build new refineries despite economy being better under him? Answer...he was hoping that his planned subsidy removal of 2012 would allow investment to flow in that would in essence fund new refineries. Sadly all Nigerians saw was price increase, not long term benefits.).

That is why the first step is allowing marketers set their prices, instead of government setting prices so that the downstream sector can become a profitable sector which would attract investment needed to increase refining capacity.

The truth is , I don't want government building new refineries. Refining fuel is a private business thing...not a government thing.

Buckubuck:
You're a zombie forming political activist. Your job is to preempt govt failures and make excuses for them before they do their thing. See how you're comparing Niger and Benin with Nigeria. First, how many people in those two countries have cars secondly, how many use generators to power their homes and businesses there. If you were sincere, you'll fight for govt to take steps to curb smuggling and round-tripping, improve the power situation and get our refineries working. Instead, you're asking govt to push one of its many failures down to the citizens. The subsidy must remain as long as people in govt enjoy the largesse in office but are not ready to live up to their responsibilities!!

You need to be more polite sire.

Plus...I have been supporting subsidy removal since 2011. GEJ convinced me. Not Buhari.

Understand?

tactius:
The issue is that with oil prices being below what we need it to run a balanced budget, and with the debts we have, I doubt government can build new refineries.

The same issue has been there FOR a long time.(or why didn't GEJ build new refineries despite economy being better under him? Answer...he was hoping that his planned subsidy removal of 2012 would allow investment to flow in that would in essence fund new refineries. Sadly all Nigerians saw was price increase, not long term benefits.).

That is why the first step is allowing marketers set their prices, instead of government setting prices so that the downstream sector can become a profitable sector which would attract investment needed to increase refining capacity.

The truth is , I don't want government building new refineries. Refining fuel is a private business thing...not a government thing.

and how many private businesses in the past did that....??

or do you mean bandits....??

you people should stop deceivin yourselfs and say the truth....

nigerians are too fvckin greedy....!!

tsdarkside:
and how many private businesses in the past did that....??

They won't do it because under subsidy they would be selling fuel to Nigerians at a loss. They would be refining fuel at a cost of N165 per liter and selling it at N145 ?? Yeah, right!

Dangote is taking the risk because government helped him secure loans to build his refinery. I doubt he would agree to sell fuel below production price once his refinery comes on stream...

Welcome to business. Profits must be made for reinvestment.

SarkinYarki:
Don't mind that shallow guy he is part of the problem in this country who wants to keep blaming the masses and absolving the govt ...Where are the refineries Buhari promised ? is he saying Buharis plan is to import fuel for 8 years ?

Thanks for calling me a shallow guy.

As for me, why didn't GEJ build new refineries when he was in power.....BECAUSE...he was wise enough to realize that funding for new refineries was going to come from private investment..hence subsidy removal.

But you people opposed it, and see the result.

And by the way, I have been supporting subsidy removal since 2011//12.