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Nairaland Forum / Nairaland / General / Politics / Oil Price: FG Revenue Shrinks As Petrol Subsidy Rises (14741 Views)
FG Pays ₦1trn Monthly As Petrol Subsidy – Pinnacle Oil MD, Robert Dickerman / Petrol Subsidy Rises, Hits ₦1.16 Trilion In 11 Months / Petrol Landing Cost Now ₦232, Subsidy Rises To ₦5.58 Billion Daily (2) (3) (4)
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Oil Price: FG Revenue Shrinks As Petrol Subsidy Rises by zakim(m): 6:35am On Jan 08, 2020 |
…workers, contractors risk delayed payhttps://www.dailytrust.com.ng/oil-price-fg-revenue-shrinks-as-petrol-subsidy-rises.html
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Re: Oil Price: FG Revenue Shrinks As Petrol Subsidy Rises by LastSurvivor11: 7:20am On Jan 08, 2020 |
Fuel subsidy is a scam———— by one daura dullardihio Now we pay more for subsidy yet still pay more to buy the subsidized fuel.. 55 Likes 4 Shares
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Re: Oil Price: FG Revenue Shrinks As Petrol Subsidy Rises by Edojoma(m): 7:21am On Jan 08, 2020 |
Which way naija,,, it keeps getting worse... 4 Likes 1 Share |
Re: Oil Price: FG Revenue Shrinks As Petrol Subsidy Rises by RichFoundation(m): 7:21am On Jan 08, 2020 |
Ok 1 Like 1 Share
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Re: Oil Price: FG Revenue Shrinks As Petrol Subsidy Rises by Happyguy201: 7:21am On Jan 08, 2020 |
im leaving this country to kaduna . i cant take this anymore 2 Likes 1 Share |
Re: Oil Price: FG Revenue Shrinks As Petrol Subsidy Rises by Mikelarteta(m): 7:21am On Jan 08, 2020 |
I thought the Dullard said there is nothing like subsidy? God will surely punish all these APC members, they lied their way to power and still lying to remain in power. Imagine after increasing pump price from N87 per litre to N145 per litre these idiots are still talking about subsidy and some morons here on NL will still carry Buhari for head. 62 Likes 3 Shares |
Re: Oil Price: FG Revenue Shrinks As Petrol Subsidy Rises by u11ae1013: 7:22am On Jan 08, 2020 |
Let the war continue 1 Like 1 Share |
Re: Oil Price: FG Revenue Shrinks As Petrol Subsidy Rises by Bellgal: 7:22am On Jan 08, 2020 |
Wahala dey oooo 1 Like 1 Share |
Re: Oil Price: FG Revenue Shrinks As Petrol Subsidy Rises by nothingspoil70: 7:22am On Jan 08, 2020 |
We can never win.Why? Dangote please hurry up Nigeria is bleeding to death 1 Like |
Re: Oil Price: FG Revenue Shrinks As Petrol Subsidy Rises by medalz(m): 7:22am On Jan 08, 2020 |
It is so disheartening the way this country is being run hypocritically. We are currently making high revenue due to the increase in crude oil price. However, since they've refused to make our refinaries functional while importing refined petroleum and consequently paying back crude oil profits. 4 Likes 1 Share |
Re: Oil Price: FG Revenue Shrinks As Petrol Subsidy Rises by sotall(m): 7:23am On Jan 08, 2020 |
Ok So the price increase in crude oil cannot offset the price increase in petrol SMH for useless government. You sell your raw material cheap and then buy finished product very expensive 17 Likes 1 Share |
Re: Oil Price: FG Revenue Shrinks As Petrol Subsidy Rises by ETWs: 7:23am On Jan 08, 2020 |
Na waoo |
Re: Oil Price: FG Revenue Shrinks As Petrol Subsidy Rises by mrvitalis(m): 7:23am On Jan 08, 2020 |
A country that makes less than 20 billion dollars from oil wants to subsidies fuel for 150 million Nigerians ....I laugh in Spanish 14 Likes 2 Shares |
Re: Oil Price: FG Revenue Shrinks As Petrol Subsidy Rises by Kalistine(f): 7:23am On Jan 08, 2020 |
1 Like |
Re: Oil Price: FG Revenue Shrinks As Petrol Subsidy Rises by olujastro: 7:24am On Jan 08, 2020 |
Nigeria, one very funny country that lives on a two-edge sword where oil price rise is both a blessing and a curse. Oil prices rise, we earn more dollars from oil sales and equally spend more dollars to import more expensive petroleum products. Oil prices fall, we earn less dollars from oil sales and equally spend less dollars to import cheaper petroleum products. Either way it goes, war or no war, we are financially doomed due to lack of refineries. 6 Likes |
Re: Oil Price: FG Revenue Shrinks As Petrol Subsidy Rises by Adesolomon2014(m): 7:24am On Jan 08, 2020 |
Issorite. Part of the reason why Nigeria will be affected by the war is the above. Dangote refinery should better hasten up its project. 2 Likes |
Re: Oil Price: FG Revenue Shrinks As Petrol Subsidy Rises by AMERICAisKING: 7:24am On Jan 08, 2020 |
By the grace of God i can now go to sleep with my TWO eyes closed knowing President Donald Trump got my back, no more underground plots of terrorism that goes on and nothing happens as it used to be the case during Obama era, now its fire for fire, if you think you can disturb world peace Trump will TAKE YOU OUT! To hell with Islam!, let them do their worse, they are known for it anyways but they will and must not MISS paying for their mistakes with THEIR OWN LIVES. No more tolerating these known ENEMIES OF PEACE called MUSLIMS, you kill and you get killed simple!. Bring it on IRAN!!! 6 Likes |
Re: Oil Price: FG Revenue Shrinks As Petrol Subsidy Rises by pat077: 7:26am On Jan 08, 2020 |
So, will Nigerians benefit from an increase in oil price or we will have to pay more for the product at home. |
Re: Oil Price: FG Revenue Shrinks As Petrol Subsidy Rises by TRUSTEDGUY: 7:26am On Jan 08, 2020 |
Clueless leaders 1 Like |
Re: Oil Price: FG Revenue Shrinks As Petrol Subsidy Rises by bekpo(m): 7:27am On Jan 08, 2020 |
Hmmmmmm |
Re: Oil Price: FG Revenue Shrinks As Petrol Subsidy Rises by overall90: 7:28am On Jan 08, 2020 |
What they are telling you is that they are going to steal every kobo that will come from the windfall from the expected increase in crude oil price. so Nigerians,don't expect to benefit anything even if oil price gets $100/barrel. 5 Likes |
Re: Oil Price: FG Revenue Shrinks As Petrol Subsidy Rises by jamace(m): 7:28am On Jan 08, 2020 |
A cabal is siphoning Nigeria money in the name of subsidy. Buhari needs to personally investigate this subsidy of a thing. I suspect a great fraud going on. 3 Likes 2 Shares |
Re: Oil Price: FG Revenue Shrinks As Petrol Subsidy Rises by Nobody: 7:29am On Jan 08, 2020 |
nothingspoil70: you think dangotes fuelwill be cheap? it will cost more than his cement. 1 Like |
Re: Oil Price: FG Revenue Shrinks As Petrol Subsidy Rises by Nobody: 7:30am On Jan 08, 2020 |
Happy New Year. 1.Basically, as oil prices go up , the cost of fuel goes up, the cost of importing fuel goes up, and the cost of subsidy goes up. 2.And the reason why we cannot produce fuel at home in Nigeria is because subsidy means that any fuel NNPC refines at home would be sold at a loss, reducing incentive to build new refienreis. It is the same reason why very few people, apart from Dangote (who has adequate sources of cash eslewhere) are building new refinereis. 3.The subsidy thing too is fuelling corruption. 4.Basically, oil subsidy MUST go...for a) More investment in refinereis, since people can now refine and sell fuel at a profit. b) An end to smuggling, and thus an end to broder closures...since no one would be buying fuel at N140 and selling it in Benin and Niger for N300 and above, and pocketing the profit at our expense. c) More refienreis, which means more jobs.....and more income...as we become an exporter of fuel. d) Finally, an end to fuel subsidy cabals, and more savings for government...meaning less recourse to taking loans. Oil subsidy must go. 2 Likes |
Re: Oil Price: FG Revenue Shrinks As Petrol Subsidy Rises by bewla(m): 7:31am On Jan 08, 2020 |
U |
Re: Oil Price: FG Revenue Shrinks As Petrol Subsidy Rises by itsme01: 7:31am On Jan 08, 2020 |
Ipobian.. this is the impact of war on global economy.. you people were hailing trumps decission Now Ikpeazu that is owing 23 months salary wont even give your father a kobo since he now has an excuse .. 2 Likes |
Re: Oil Price: FG Revenue Shrinks As Petrol Subsidy Rises by nothingspoil70: 7:32am On Jan 08, 2020 |
quentin06:I beg to disagree sir |
Re: Oil Price: FG Revenue Shrinks As Petrol Subsidy Rises by chloride6: 7:33am On Jan 08, 2020 |
What a moronic article... Subsidies increase but oil revenue increases faster... |
Re: Oil Price: FG Revenue Shrinks As Petrol Subsidy Rises by jhydebaba(m): 7:34am On Jan 08, 2020 |
I thought closing the borders has reduced significantly the litres consumed by Nigerians hence reduced the amount paid on subsidies drastically What is this again |
Re: Oil Price: FG Revenue Shrinks As Petrol Subsidy Rises by AroOkigbo(m): 7:35am On Jan 08, 2020 |
nothingspoil70:Why will Dangote petrol be cheaper? Is he producing for local consumption? Is he going to buy crude oil at a cheaper than international price? |
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