₦airaland Forum

May God bless you Sir..My Destiny Helper and Mentor. God has used you to bless so many Akwa Ibom Sons and daughters with choice Federal jobs instead of dishing out peanuts for them to scramble on. May God bless you immediately, Sir

I don't believe

thebosstrevor1:
This is a good and nice initiative by the federal government.

Illegal refineries needs to be encouraged to be legalised. It will help small refineries that are locally owned to participate in the economy instead of the black market.

Deregulation can only work when we eliminate illegal refineries that destroys the environment.

From another angle.

The only problem i have is that most of this illegal refineries steal crude oil from Government pipelines, they refine them and sell for cheap to locals. will they love to be legalise?

Good point. Then the government should first, ask then where and how they get their crude oil

Clowns

Exactly!

Modular refineries must be allowed to operate.

It's just that aboookis won't support anything that will not favour them in the short run.

[
Shut your trap....







quote author=Godarz post=99505553]So in other words, instead of deregulating and allowing more legitimate investors who would build standard refineries to provide enough PMS, we want to legalize backyard refineries, which are not up to standard and provide a lot of pollution simply because we want cheap fuel.

Even then, we still must deregulate. It is the only way we can eventually get low oil prices.[/quote]

unite4real:
AGO (diesel) has been deregulated a long time ago and the price has never dropped since then. Nigeria is not a sane clime.

Then again, PMS has not been deregulated ..meaning that we don't have enough investment in new refineries like Dangote's...except for three other investors.....thus low production...thus AGO price remains high

Who wants to invest in a new refinery and be running it at a loss because the price of PMS isa not high enough to break even?

Amen to that a very welcome development...

Godarz:
]

Which is what we have been doing for years...and which is why we have broken down refineries and people not too willing to invest in more refineries simply because partial deregulation means profits aren't enough to pay for new refineries, and rebuild and repair existing ones.

I think we need total deregulation. It is the best way, and yes in return for paying high prices for petrol, we get more refinereis, more of the licence holders would be able to source for money to build refienreis, and NNPC would finally have the profit we need to build new refinereis.

Partial deregulaiton has been tried over and over again since the 1990'S...AND it is not working.



Yeah, I know. But that's the price of business.

The marketers will raise prices, yes, but they would also have more than enough profit which can be reinvested in new refienreis...which means increased production and eventually falling prices for PMS.

I'm sure you won't like it if you were running a business selling clothes, and government came in and set your prices at a level where you could not make enough of a profit to sustain your business. Which is what we have been ding for the oil business...and which is why over the years, we have had sharp practices like fuel scarcity and smuggling...

We did it for the GSM sector. In the beginning, GSM companies were allowed to charge what they liked. They made big profits...whjich were invested in the IT backbone that today has provided millions of jobs here in this country

Now imagine if Obasanjo had started fixing the prices that MTN, Econet (now Airtel) and Glo were allowed to charge. I doubt we would have hand the internet and IT sector we have now.

PLus the subsidy is chopping our revenue, and forcing us to take more loans and more loans to meet up with our budget.

Total deregulation will lead to protest, which shouldn't forget that the pdice of electricity and cost of living has totally increased while salaries haven't increase with the cost.

Total deregulation is calling for trouble.

If you think these people will reinvest money into refineries, all the subsidies they were receiving basically free money, why didnt they reinvest it in building refineries?

Nweike190:
[
Shut your trap....

Well, the laws governing this site do not give you the right to regulate or to control each and everyone's commentary

Campaign after election.

Thunder fire you there. So it is still on the audio plan

On lie lie

Malaria and Typhoid Syndromes

What should the masses be ready to give in return Because buhari's regime is known to give with the right hand and collect it back with the left hand.

Lórí iró

As if that one will stop the pervasive mass kidnappings in the north and Fulani herdsmen menace in the south.

This lie lie government of a recent have been bringing out liars that seem to out best Lai Mohammed. It seems they've just graduated en masse from school of lying.

Bodejo of Miyetti Allah Kaure something something recently came out to say that the circulating videos on the internet showing herders carrying guns are all photoshopped.

thebosstrevor1:
Total deregulation will lead to protest, which shouldn't forget that the pdice of electricity and cost of living has totally increased while salaries haven't increase with the cost.

Total deregulation is calling for trouble.

Whereas paying subsides and not deregulating means we continue to take loans to cover for shortfalls.

Unless you want to be like Canada which subsidses fuel...and pays for it by charging a high tax rate...and even then fuel costs N401 per liter.

If you think these people will reinvest money into refineries, all the subsidies they were receiving basically free money, why didnt they reinvest it in building refineries?

Because at the end of the day, subsides means that they won't be able to sell the fuel they reifne there at a profit.

If you are forced to sell fuel at a price below its cost of production , while government pays you a subsidy that don't cover your losses...it makes no sense to invest in building refinereis.

Dangote is building a refienry, only because banks and other lending agencies felt comfortable enough to lend to him ...if his refienry fails due to there being no deregulation...they can recoup their money by taking over his industry

I support this.

We have left them out for two long. Their activities have been labelled illegal but that has not stopped them from thriving.

At least we should experiment in including them. With proper planning, inclusion, and implementation, it can work for the good of Nigerians.

This is their deceive strategy towards 2023

On lie lie

But i pray it happen sha o

Stop talking and stared doing

Does people actually called others dumbs ?

Liar liar pants on fire �

Godarz:
So in other words, instead of deregulating and allowing more legitimate investors who would build standard refineries to provide enough PMS, we want to legalize backyard refineries, which are not up to standard and provide a lot of pollution simply because we want cheap fuel.

Even then, we still must deregulate. It is the only way we can eventually get low oil prices.

The petroleum sector is already deregulated.

WE ARE WAITING

dre11:
https://www.newtelegraphng.com/fuel-pump-price-may-drop-to-n100-presidential-aide/

The chap doesn't know what he is saying. Nigerian government officials are known for making flippant, unrealistic, illogical statements.

In the current clime, I struggle with how unsubsidized petrol can be less than N100. Or maybe he's thinking that since 'backyard' are stealing the crude, the cost of input is zero.

edoairways:
The petroleum sector is already deregulated.

bros it is not deregulated o. NNPC is sole importer at the moment. that one na wuru wuru deregulation.

edoairways:
The petroleum sector is already deregulated.

Except for PMS

Just hope they don't lure them out only to have them arrested. I don't trust this government at all.

IamFINESSE:
Joke of the year



Who takes this government serious when the owner of this cap is the minister of information

Lori Iro