₦airaland Forum

Femijohn198:
this will course hardship on Nigeria because items like food are already costs and the new policy on increment will course big rise of many food stuff.O Lord what next level is these.

Well, the other option...spend more of our money subsidising fuel....will lead to Nigeria getting into far more hardship.

We have been subsiding fuel for years. Large amounts of money have been poured into subsidising fuel .As a result, we don't have the funds to maintain and repair refienries. We also icnrease our deb t profile...we spend money that could have been used for health, education, etc, etc,,,subsidising fuel...and take a loan to make up for the losses

At the end of the day we suffer more.

Remove subsidy, and see how people will come and invest in refining at home, and there would be more jobs, and so on. In return for higher prices...which would eventually fall anyway due to increased production at home.

jireh250:
The bolded spoilt everything you wrote. Canadian government or Nigerian government? The people don't deserve to suffer for savings that would be embezzled. Borrow to fix the refineries, if you must...let investors come in and build refineries. Once the refineries are already in place and we are able to locally refine all the fuel we need, there won't be need for subsidy.

Yes, the government embezzels the money because you Nigerians forget that democracy works when you and I are actively participating.

Let us do the hard work of making our leaders accountable to us. No one will do it for us.

Canada works because millions of Canadians know that doemcracy does not end at the ballot box.

By the way, Canada pays N401 per liter of fuel , despite there being a subsidy, and also their tax to gdp raito is 33%

YourMajesty:
Nothing is working under this lifeless Buhari administration.

One begins to wonder if it's not the same old blood tasty fool that attacked GEJ when a litre was sold at N87.

It shall never be well with people who brought in this failure and calamity into power just because of their selfish interest and sentiments.

You should have helped yourself a bit by checking what landin cost is all about, and know if this your enemy buhari is the one that controls it. At least that could have prevented you from typing nonsense.

So baaaadddd.
We were told, market forces and competition will force pump price down.

But na liiiieeeee

Thank God it northerner on the throne. If not can Goodluck increase fuel price like this?

OrdinaryNigeria:
So baaaadddd.
We were told, market forces and competition will force pump price down.

But na liiiieeeee

Thank God it northerner on the throne. If not can Goodluck increase fuel price like this?

Actyually Good luck increased prices from N65 to N140, with landing cost at the time being N99 in 2012.

Protests forced him to cut it to N97...EVENTUALLY TO N87 by 2015

Meanwhile, he was struggling to pay the cost differential., especially as landing costs kept on rising...by 2015 it was N132.

Yes, the hardship government bring it on las las Nigeria people go get sense by force.

This is incredible. GOD will help us all.


For sale: logistics motorcycles

Capacity: 200cc.

Cost price: 390k

NwaNimo1:
Kerosine Nko?

[img]https://media./images/e39550ee8b0fe5d974922cdd66da386a/tenor.gif[/img]

....and palm oil?

Hahaha

So, I guess goverment must spend more on subsidy so that we can be happy....and thus get into more debt.....

Sai Baba till 2030
Oh No till 2060
600 years to those wey voted for this man in 2019

Vardanes2:
The fun part of this thread is that most people will rightly blame the government, but then will come and ask the government to worsen the situation by spending more on subsidy. That means that we continue to throw more of the money we could have used to maintain and repair and upgrade refienreis on subsidy

To say nothing of the fact that we would end up spending more money on makrketers who will smuggle the fuel out of the country to sell at higher prices, and make their profit.


Here is a harsh truth. SUBSIDY HAS TO GO.

I'll repeat it again SUBSIDY HAS TO GO.


Yes, we would spend more on fuel. Yes, we would find things harsh for some time, and yes, I agree with you that APC is not the best form og governance either (I've never voted for them self...)


But, eventually

1.More savings from the money we spent on suibsidy....goes to government coffers...which can be spent on things like education, health, and so on

2.More refineries, as people go into rrefining fuel at home , instead of wasting money importing the stuff....more revenue, more jobs

3.More investment in refinereis....from foreign investors.

4.NNPC finally has the money to spend on its refinereis...instead of spending money keeping the price of fuel low.


Yes, fuel cost N87 UDER gej DOWN FROM 97....and it was kept that low...at the expense of our foreign reserves. And GEJ ended up owing many marketers, money that was not fully paid off till 2018...because subsuidy is that hard to pay off. AND EVEN THEN./..marketers still were selling the fuel above the market price.

All I know is, in 2012...if the government then had been allowed to remove subsidy....we would have been in a much better place.

But everyone preffered cheap fuel. SEE THE COST OF CHEAP FUEL....we import fuel and we import fuel


Niger sells us fuel. They have no subsidy. Fuel cost N350 there...and they have the money and the profit to fix their refinereis...as a result.

Na una type government dey deceive on a regular basis nothing will happen to anything you spoke here and they will loot all the money just watch

CodeTemplar:
That's natural. Its part of the offshoot of subsidy removal.

If FG should remove subsidy from schools too, it could take hundreds of billions off FG's neck and take fees of fed unis to N600k per student.

and the looting continue?

Next level, take us to the promise Land.


Laptop powerbanks now available, pay on delivery in Lagos and Nationwide delivery.

CodeTemplar:
That's natural. Its part of the offshoot of subsidy removal.

If FG should remove subsidy from schools too, it could take hundreds of billions off FG's neck and take fees of fed unis to N600k per student.

Haa you just want Nigeria to scatter remove subsidy from education. Bros relax now. Nigerians like free things ooo. Subsidy removal in nigeria wont work until we have private and Government refineries. Even if they allow the private sector back into importation of pms, price will still go up and there wil be so much scam and Adulterated products everywhere.

Vardanes2:
The fun part of this thread is that most people will rightly blame the government, but then will come and ask the government to worsen the situation by spending more on subsidy. That means that we continue to throw more of the money we could have used to maintain and repair and upgrade refienreis on subsidy

To say nothing of the fact that we would end up spending more money on makrketers who will smuggle the fuel out of the country to sell at higher prices, and make their profit.


Here is a harsh truth. SUBSIDY HAS TO GO.

I'll repeat it again SUBSIDY HAS TO GO.


Yes, we would spend more on fuel. Yes, we would find things harsh for some time, and yes, I agree with you that APC is not the best form og governance either (I've never voted for them self...)


But, eventually

1.More savings from the money we spent on suibsidy....goes to government coffers...which can be spent on things like education, health, and so on

2.More refineries, as people go into rrefining fuel at home , instead of wasting money importing the stuff....more revenue, more jobs

3.More investment in refinereis....from foreign investors.

4.NNPC finally has the money to spend on its refinereis...instead of spending money keeping the price of fuel low.


Yes, fuel cost N87 UDER gej DOWN FROM 97....and it was kept that low...at the expense of our foreign reserves. And GEJ ended up owing many marketers, money that was not fully paid off till 2018...because subsuidy is that hard to pay off. AND EVEN THEN./..marketers still were selling the fuel above the market price.

All I know is, in 2012...if the government then had been allowed to remove subsidy....we would have been in a much better place.

But everyone preffered cheap fuel. SEE THE COST OF CHEAP FUEL....we import fuel and we import fuel


Niger sells us fuel. They have no subsidy. Fuel cost N350 there...and they have the money and the profit to fix their refinereis...as a result.

just as they will end up looting ur imaginary savings, continue to deceive yourself by misleading others in believing in a government that confused.

What’s new about this ? Even if pump price get to 300 Naira Nigerians will buy it


Nigerians are used to suffering and smiling

Vardanes2:
The fun part of this thread is that most people will rightly blame the government, but then will come and ask the government to worsen the situation by spending more on subsidy. That means that we continue to throw more of the money we could have used to maintain and repair and upgrade refienreis on subsidy

To say nothing of the fact that we would end up spending more money on makrketers who will smuggle the fuel out of the country to sell at higher prices, and make their profit.


Here is a harsh truth. SUBSIDY HAS TO GO.

I'll repeat it again SUBSIDY HAS TO GO.


Yes, we would spend more on fuel. Yes, we would find things harsh for some time, and yes, I agree with you that APC is not the best form og governance either (I've never voted for them self...)


But, eventually

1.More savings from the money we spent on suibsidy....goes to government coffers...which can be spent on things like education, health, and so on

2.More refineries, as people go into rrefining fuel at home , instead of wasting money importing the stuff....more revenue, more jobs

3.More investment in refinereis....from foreign investors.

4.NNPC finally has the money to spend on its refinereis...instead of spending money keeping the price of fuel low.


Yes, fuel cost N87 UDER gej DOWN FROM 97....and it was kept that low...at the expense of our foreign reserves. And GEJ ended up owing many marketers, money that was not fully paid off till 2018...because subsuidy is that hard to pay off. AND EVEN THEN./..marketers still were selling the fuel above the market price.

All I know is, in 2012...if the government then had been allowed to remove subsidy....we would have been in a much better place.

But everyone preffered cheap fuel. SEE THE COST OF CHEAP FUEL....we import fuel and we import fuel


Niger sells us fuel. They have no subsidy. Fuel cost N350 there...and they have the money and the profit to fix their refinereis...as a result.

Mr Man! Forget this useless analysis. I will ask u a question and must be answered as soon as possible. The current international price of crude oil just rose to $63 per barrel from maybe, $57 per barrel and in result, it would translate to about N30 increment in the cost of buying a litre of petrol in Nigeria. So, if the crude oil international price per barrel rises to a value equal or greater than $100, what should we be expecting of the pump price?

Vardanes2:
The fun part of this thread is that most people will rightly blame the government, but then will come and ask the government to worsen the situation by spending more on subsidy. That means that we continue to throw more of the money we could have used to maintain and repair and upgrade refienreis on subsidy

To say nothing of the fact that we would end up spending more money on makrketers who will smuggle the fuel out of the country to sell at higher prices, and make their profit.


Here is a harsh truth. SUBSIDY HAS TO GO.

I'll repeat it again SUBSIDY HAS TO GO.


Yes, we would spend more on fuel. Yes, we would find things harsh for some time, and yes, I agree with you that APC is not the best form og governance either (I've never voted for them self...)


But, eventually

1.More savings from the money we spent on suibsidy....goes to government coffers...which can be spent on things like education, health, and so on

2.More refineries, as people go into rrefining fuel at home , instead of wasting money importing the stuff....more revenue, more jobs

3.More investment in refinereis....from foreign investors.

4.NNPC finally has the money to spend on its refinereis...instead of spending money keeping the price of fuel low.


Yes, fuel cost N87 UDER gej DOWN FROM 97....and it was kept that low...at the expense of our foreign reserves. And GEJ ended up owing many marketers, money that was not fully paid off till 2018...because subsuidy is that hard to pay off. AND EVEN THEN./..marketers still were selling the fuel above the market price.

All I know is, in 2012...if the government then had been allowed to remove subsidy....we would have been in a much better place.

But everyone preffered cheap fuel. SEE THE COST OF CHEAP FUEL....we import fuel and we import fuel


Niger sells us fuel. They have no subsidy. Fuel cost N350 there...and they have the money and the profit to fix their refinereis...as a result.

Who is this one forming economy expert here?
Are you saying now that Niger of all countries is better than Nigeria? Why are our refineries not effective? Why is it so difficult for Nigeria to build refineries in due time?

Everything about PMB is hardship

[s]

contigiency:
You should have helped yourself a bit by checking what landin cost is all about, and know if this your enemy buhari is the one that controls it. At least that could have prevented you from typing nonsense.

[/s]

Price of Corrolla to rise

The future is bicycles and leg cycles

CodeTemplar:
That's natural. Its part of the offshoot of subsidy removal.

If FG should remove subsidy from schools too, it could take hundreds of billions off FG's neck and take fees of fed unis to N600k per student.

Upon all the removal they will still loot those hundreds of billions off FG's neck.
Ghana was dependent on 60% Nigeria's gas and crude for electricity many years but the Ghanaian government took a loan to buy power plant worth billions of dollars to power their plants for steady electricity up still today, now there are 80% off Nigeria's dependency with the finding of crude oil and gas in their country.
Why can’t the FG use that subsidy from crude oil and buy power plant since we have crude and gas?

nigerians complain about everything!!!

Vardanes2:
The fun part of this thread is that most people will rightly blame the government, but then will come and ask the government to worsen the situation by spending more on subsidy. That means that we continue to throw more of the money we could have used to maintain and repair and upgrade refienreis on subsidy

To say nothing of the fact that we would end up spending more money on makrketers who will smuggle the fuel out of the country to sell at higher prices, and make their profit.


Here is a harsh truth. SUBSIDY HAS TO GO.

I'll repeat it again SUBSIDY HAS TO GO.


Yes, we would spend more on fuel. Yes, we would find things harsh for some time, and yes, I agree with you that APC is not the best form og governance either (I've never voted for them self...)


But, eventually

1.More savings from the money we spent on suibsidy....goes to government coffers...which can be spent on things like education, health, and so on

2.More refineries, as people go into rrefining fuel at home , instead of wasting money importing the stuff....more revenue, more jobs

3.More investment in refinereis....from foreign investors.

4.NNPC finally has the money to spend on its refinereis...instead of spending money keeping the price of fuel low.


Yes, fuel cost N87 UDER gej DOWN FROM 97....and it was kept that low...at the expense of our foreign reserves. And GEJ ended up owing many marketers, money that was not fully paid off till 2018...because subsuidy is that hard to pay off. AND EVEN THEN./..marketers still were selling the fuel above the market price.

All I know is, in 2012...if the government then had been allowed to remove subsidy....we would have been in a much better place.

But everyone preffered cheap fuel. SEE THE COST OF CHEAP FUEL....we import fuel and we import fuel


Niger sells us fuel. They have no subsidy. Fuel cost N350 there...and they have the money and the profit to fix their refinereis...as a result.

Oga, sorry to say, but you are naive.
We have been talking about this same subsidy issue since fuel was 0.60 kobo per liter. Even when abacha increase to 3.20k and later reduced to 1.60kobo. The same subsidy has been spoken about and increased to ₦85 per liter. The same subsidy removed and became ₦120, same subsidy 150, 160 now 180 and soon to be 200.
Oga, make price of fuel ₦10,000 per liter and within 1 month you will hear the same story, that government is subsidizing 10k fuel and it has to increase to ₦11,000!

Nna have you wondered why naira has not increased in value as crude oil price has gone up? Oil is now selling for $65 which means we have more $ income (that was the excuse for devaluation of naira).
Nigeria is the only country where things go up but never comes down.
Stupidly this government does not know that increasing cost of fundamentals means increase in inflation.

Vardanes2:
The fun part of this thread is that most people will rightly blame the government, but then will come and ask the government to worsen the situation by spending more on subsidy. That means that we continue to throw more of the money we could have used to maintain and repair and upgrade refienreis on subsidy

To say nothing of the fact that we would end up spending more money on makrketers who will smuggle the fuel out of the country to sell at higher prices, and make their profit.


Here is a harsh truth. SUBSIDY HAS TO GO.

I'll repeat it again SUBSIDY HAS TO GO.


Yes, we would spend more on fuel. Yes, we would find things harsh for some time, and yes, I agree with you that APC is not the best form og governance either (I've never voted for them self...)


But, eventually

1.More savings from the money we spent on suibsidy....goes to government coffers...which can be spent on things like education, health, and so on

2.More refineries, as people go into rrefining fuel at home , instead of wasting money importing the stuff....more revenue, more jobs

3.More investment in refinereis....from foreign investors.

4.NNPC finally has the money to spend on its refinereis...instead of spending money keeping the price of fuel low.


Yes, fuel cost N87 UDER gej DOWN FROM 97....and it was kept that low...at the expense of our foreign reserves. And GEJ ended up owing many marketers, money that was not fully paid off till 2018...because subsuidy is that hard to pay off. AND EVEN THEN./..marketers still were selling the fuel above the market price.

All I know is, in 2012...if the government then had been allowed to remove subsidy....we would have been in a much better place.

But everyone preffered cheap fuel. SEE THE COST OF CHEAP FUEL....we import fuel and we import fuel


Niger sells us fuel. They have no subsidy. Fuel cost N350 there...and they have the money and the profit to fix their refinereis...as a result.

Bro enough of these textbook nonsense, these is Nigeria by now every reasonable person with eye should have seen things don't go that way.
Judging from experience, spending more money on our refineries is a waste of time & resource its won't work because of immense corruption within the govt and oil sector.
since this administration stopped subsidy what have the people benefited directly from the govt, where are the infrastructure?
A continuous rise in fuel pump rise will forever cause rise in the cost living, if we can't enjoy anything from the FG. its more feasible they return subsidy instead of wasting more money on those refineries that will never work
We have gotten to the point an increase or a decrease per barrel is badnews to the people, for a decrease per barrel govt will cite budget as an excuse not to reduce and when it increases per barrel int'ly which should be gudnews govt will cite exchange rate beko as people what should we pray for.
Increase or decrease per barrel we no gain, infrastructure we no gain, subsidy seems to be the only way people can gain from these buhari govt. with current cost of production in nigeria a further increase in pump price will be suicidal to nigeria.
I thinks its unreasonable for anyone to use naija currency valve to judge other neighboring countries. besides most countries only need fuel for car therefore the price is highly insignificant.

jireh250:
The bolded spoilt everything you wrote. Canadian government or Nigerian government? The people don't deserve to suffer for savings that would be embezzled. Borrow to fix the refineries, if you must...let investors come in and build refineries. Once the refineries are already in place and we are able to locally refine all the fuel we need, there won't be need for subsidy.

Completely agree. Very very true. Instead the selfish and greedy looters prioritize building railways to Niger.

Make una kuku kill us and drink our blood

obailala:
If oil drops to $10 as you pray, the forex scarcity the country would face would be unprecedented. When that excruciating forex crisis comes, Naira will drop to N1000/$ and that would in turn increase the cost of importing fuel. In effect, pump price will still rise.

thank god you no dey live for Canada or German na all us go suffer it even if na you dey wipe Buhari's ass every morning

Vardanes2:
The fun part of this thread is that most people will rightly blame the government, but then will come and ask the government to worsen the situation by spending more on subsidy. That means that we continue to throw more of the money we could have used to maintain and repair and upgrade refienreis on subsidy

To say nothing of the fact that we would end up spending more money on makrketers who will smuggle the fuel out of the country to sell at higher prices, and make their profit.


Here is a harsh truth. SUBSIDY HAS TO GO.

I'll repeat it again SUBSIDY HAS TO GO.


Yes, we would spend more on fuel. Yes, we would find things harsh for some time, and yes, I agree with you that APC is not the best form og governance either (I've never voted for them self...)


But, eventually

1.More savings from the money we spent on suibsidy....goes to government coffers...which can be spent on things like education, health, and so on

2.More refineries, as people go into rrefining fuel at home , instead of wasting money importing the stuff....more revenue, more jobs

3.More investment in refinereis....from foreign investors.

4.NNPC finally has the money to spend on its refinereis...instead of spending money keeping the price of fuel low.


Yes, fuel cost N87 UDER gej DOWN FROM 97....and it was kept that low...at the expense of our foreign reserves. And GEJ ended up owing many marketers, money that was not fully paid off till 2018...because subsuidy is that hard to pay off. AND EVEN THEN./..marketers still were selling the fuel above the market price.

All I know is, in 2012...if the government then had been allowed to remove subsidy....we would have been in a much better place.

But everyone preffered cheap fuel. SEE THE COST OF CHEAP FUEL....we import fuel and we import fuel


Niger sells us fuel. They have no subsidy. Fuel cost N350 there...and they have the money and the profit to fix their refinereis...as a result.

all these and you are planning to borrow to fund ur budget?

Vardanes2:
Well, the other option...spend more of our money subsidising fuel....will lead to Nigeria getting into far more hardship.

We have been subsiding fuel for years. Large amounts of money have been poured into subsidising fuel .As a result, we don't have the funds to maintain and repair refienries. We also icnrease our deb t profile...we spend money that could have been used for health, education, etc, etc,,,subsidising fuel...and take a loan to make up for the losses

At the end of the day we suffer more.

Remove subsidy, and see how people will come and invest in refining at home, and there would be more jobs, and so on. In return for higher prices...which would eventually fall anyway due to increased production at home.

To the best of your knowledge, you rather have us pump money on obsolete refineries that we know won't work( naija factor) than to keep subsiding and keep cost of production @ minimal.
Let me ask you, if you have a car that breaks down on a daily bases, would you rather keep spending money on that car daily just to satisfy the urge you drive or opt for a uber/taxify, which is more feasible

Vardanes2:
The fun part of this thread is that most people will rightly blame the government, but then will come and ask the government to worsen the situation by spending more on subsidy. That means that we continue to throw more of the money we could have used to maintain and repair and upgrade refienreis on subsidy

To say nothing of the fact that we would end up spending more money on makrketers who will smuggle the fuel out of the country to sell at higher prices, and make their profit.


Here is a harsh truth. SUBSIDY HAS TO GO.

I'll repeat it again SUBSIDY HAS TO GO.


Yes, we would spend more on fuel. Yes, we would find things harsh for some time, and yes, I agree with you that APC is not the best form og governance either (I've never voted for them self...)


But, eventually

1.More savings from the money we spent on suibsidy....goes to government coffers...which can be spent on things like education, health, and so on

2.More refineries, as people go into rrefining fuel at home , instead of wasting money importing the stuff....more revenue, more jobs

3.More investment in refinereis....from foreign investors.

4.NNPC finally has the money to spend on its refinereis...instead of spending money keeping the price of fuel low.


Yes, fuel cost N87 UDER gej DOWN FROM 97....and it was kept that low...at the expense of our foreign reserves. And GEJ ended up owing many marketers, money that was not fully paid off till 2018...because subsuidy is that hard to pay off. AND EVEN THEN./..marketers still were selling the fuel above the market price.

All I know is, in 2012...if the government then had been allowed to remove subsidy....we would have been in a much better place.

But everyone preffered cheap fuel. SEE THE COST OF CHEAP FUEL....we import fuel and we import fuel


Niger sells us fuel. They have no subsidy. Fuel cost N350 there...and they have the money and the profit to fix their refinereis...as a result.

So the change they will use for subsidy, they will now use it to clear their debt for you abi, OK!