₦airaland Forum

You are correct the price should not drop, but you will be shocked that it will - why?.. because government is going to subsidize it through the backdoor. You see, because the inward transactions will be done in naira, government would be more willing to pay for subsidy in naira than in $$$. The reason NNPC would be the sole buyer of Dangotes oil, we would never know how much NNPC buys from Dangote, thats going to eb a well-kept secret. FG just cannot allow the free-market forces to control the price of energy, no Government does if they have control over it. if they do, you wont even buy it at N1500 per liter.

MEEVEET:
Majority of Nigerians are really ignorant little wonder why we produce the type of leaders we produce

Dangote refinery buys crude at international price, and you expect him to sale below international price for you because?

Average price of petrol is around 0.8 to 1.1 dollars internationally

Say 0.8 dollars thsts ₦1300 minimum

Nnpc would buy from him at 1300 and sale to you at ₦750... Paying a subsidy of ₦500 per litre while u buy at ₦850 to ₦8950

Obi talks too much and is everywhere, if he is serious about 2027 he needs to firstly be elusive. People dont respect anything that is in abundance.

I disagree, Dangote himself is only bluffing. Except for the proximity of his refinery to west africa, which may encourage WA countries to patronize him, marketers in Nigeria may choose to buy refined oil from Malaysia and still sell cheaper then Dangote, case in point is the cost of cement. If the FG allows for the mass importation of cement, Dangote and BUA would run out of business.

Dangote has done well, his refinery would be a game changer, however FG have to protect him else the free-market forces would kill him. it is in the interest of Nigeria, Nigerian and Dangote that is refinery is able to supply us all, however someone would have to pay for the over head cost of not allowing a free market, and that would have to be subsidy.

But hey, better to subsidize in Naira than look for $$$ thats scarce.

casualobserver:
You people do not understand the workings of the industry. Dangote can sell his petrol anywhere in the world. He has been exporting 97% of his diesel. The only reason NNPC is subsidizing petrol from DRL is the same reason they were subsidizing imported PMS. The cost of PMS is higher than the price the people are prepared to pay.

Dangote does not have to sell his petrol in Nigeria or source his crude from Nigeria. It is not Dangote that needs Nigeria, it is Nigeria that needs Dangote.

NNPC has simply said we will give you crude of x value and you will give us PMS of X value. We will then sell it at whatever price we like.

FG is going to have to subsidize the supply from Dangote, thats the only way he would be able to compete. The transactions would be done in Naira so I see a bright future for the Nigerian economy

what baffles me most is that she comes on social media to post this, isn't it bad enough she is into runs? must she also ruin her future and of those that might be related to her by posting it online to get likes and trend, ignorance and stupidity combined into a brainless being.

50 million what, she should be very clear..

They would never play in Nigeria, pride and shame wont allow them do that. They not welcomed anyway. Mali is a good option, in that soaring heat.

The only reason Dangote has been able to get this far at all is because he is a core son of the North, No Yoruba, Ibo or SS person despite his wealth can attempt this sort of disruption. A lot of global players in the oil & gas sector just dont want Nigeria to work, the degree of corruption in the oil sector just wont allow it.

you are begging evil, she is not ready yet..

my gut feeling tells me its gonna over work self, out of all the bad news coming from that country this might just be the game changer.. Might!

saviourGeorge:
This is gonna work

They can never deport her, Simon Ekpa would send F35s to fight Canada is they dare try it.

Her statements have far grievous consequences that what she might have envisaged. Would Yoruba/Benin people be willing to buy food stuffs from their Igbo customers. It may elicit some jokes on the street of at workplaces, but it's not laughing matter, this is stuff that breeds genocide. Everyone is smiling at one another while sharpening their knives quietly.

Melagros:
COMRADES, I think that woman made the comment out of anger just as the Oba of Lagos said against the Igbos sometime ago

This girl is seriously searching for something, I hope she finds it.

You are frustrated because you are broke, with just a little money, you will be appealing to ladies of all sizes and heights, and you wont hate ladies so much.

CyrusVI:


I like this. left to me, I would even want men to stop talking to ladies with no bum or the ugly ones.

In the last place I worked, i dont respond random greetings to from small ass ladies and the ugly ones, I discriminate alot against them.
I know its not their fault, but its not my fault either.

As for short ladies, they are at the bottom. I get angry seeing them laughing. Like Whats funny. That gene shouldnt be passed on and you're here laughing

She should go a rich man with poor taste

I prefer the fact that he is a defensive minded coach, as long as he sticks to the 3-4-3 that got Nigeria to the finals he would be fine. You dont need to play beautiful football to win games. The NFF currently cannot get a better coach consider her financial constraints and corrupt ridden status.

Dr Olukoya just made a claim, and his words were "I stand to be corrected, but I think MFM has the highest number of 1st class graduates in Nigeria", I am sure you saw the figures presented, the onus is on you to disprove it with your figures, simple.

thesicilian:
I highly doubt this is even true.

In order to arrive at this conclusion, he would have to take census of the total number of first class graduates in every branch of every denomination, including Deeper Life, Christ Embassy, RCCG, Winners etc. Not just in Lagos alone but in all the 36 states and FCT. Not just the pentecostals alone but also Catholics, Baptists, Anglicans, Lutherans etc.

I don't think someone who's supposedly that educated should be making such broad statements without facts to back them up.

Jesus!!!!... The man is doing Gods work despite his state.

The protests under GEJ were political, this won't be any different. The Elites in Nigeria pull only two types of strings: political or religious

Vinnie2000:
Why do you Have such a Wrong Opinion that their Reasons for protest is political?

The North used to be the Region with the Cheapest Foodstuffs in Nigeria.

But Since the Useless APC Govts of Buhari and Tinibu dragged the Country into Hyperinflation,
Northerners are battling Serious HUNGER and Poverty right now.

To those that have called for the breakup of the Nation this might turn out to be the beginning of the end. If the north protests, its more political than for economic or hardship reasons. If it gets out of hand, then the properties of southerners start getting attacked and reprisals in the south might follow.

Its important to stay at alert regardless of where one is in Nigeria, these are perilous times

The OPs name already shows his intentions, nothing good can come out of his narrative. All that matters is that Tunde is Nigerian and he is doing a great job.

The sort of protests that may turn violent are never planned, there are mostly as a result of the public's spontaneous reaction to an event. The planned protests would be very peaceful.

shouldnt the Mods ban that account for posting a lie , bring down the thread or create another to dispute it?

seunmsg:
Dear Good2go1,
Please be guided and stop lying.

Accepting to a DNA test would put all this to rest, if she has refused but rather would throw shades on socials, then she most likely is hiding something.

I hope the Government is wise enough to compensate and keep Reno on their side, you sincerely dont want to make enemies with someone like him. He throws around a lot of details that those who dislike him hate to admit

Happy Birthday Seun, wishing you many great years ahead.

People have to be fed Prof, every other permutation can come later. Its uncertain if 150 days would be sufficient to solve the food scarcity crisis.

U lie!..they know. the last time I was in SA, the first thing the immigration office deduced after looking at my green passport was my tribe.. why he profiled me based on my tribe and not just nationality we both knew. I just shook my head, took my passport and walked off.

hammer567:
TRIBALIST IN THE OTHER THREAD YOUR PEOPLE WERE MURDERED.

U THINK SA PRACTICE TRIBALISM LIKE NIGERIA.

THEY DONT GIVE A SHIT ABOUT TRIBE. ARE U A SA, THAT IS ALL THEY WANT TO KNOW.

Sex with an unknown heart condition is a gateway to the other side

Ally bros... Ally
the fact that they jumped over him to his ally means he still has them by the Jugular.

001Lagos:
Wike is losing in all fronts

First it was rivers state and now this. He will lose relevance before 2027

Those who know Wikes worth are the ones try to appease him.. the Man is loud but he knows how to play his hands/

You see how complicated Nigeria's problems are?.. let no one deceive you, Nigeria's problem is its greedy citizenry and not solely leadership. We are a greedy and self-centered people.