Solidex:
I think there is an unspoken reason why the FG, through NNPC, has taken two steps recently as it concerns energy crisis.

One is making NNPCL LIMITED the sole buyer of petroleum products from DR.
Secondly, is the recent covert hike in the price of PMS.
I thought over this and came to the conclusion that, perhaps the FG is trying to withdraw subsidy payment on gasoline or at least reduce it to a sustainable level.
It has become imperatives to do this because, the FG can longer bear the burden of subsidy.
Coming to think of it, the landing cost of petrol currently is around N1200/L. Comparatively, DR. should ideally sell lower than this price after taking into the cognisance, the lower cost of production since its an indigenous company. I believe, in which ever perspective one decides to examine this, the truth is, the cost of production here is inveriably lower than it should be for foreign companies for a number of reasons;
One is the fact that, raw material are sourced in naira, the cost of shipment and duties on crude is already out of the way, and other related wavers.

Hence, in order to eliminate subsidy or at least reduce it to the minimum, the federal government had to prepare the market and the minds of the citizens by arbitrarily jacking up the price through NNPC to N897/L. At this rate, the price is almost close to or exactly what should be ideal for D.R product and there would be little or no need for subsidy expenditure.
This is what I think is the unspoken truth that FG has not been bold enough to tell Nigerians, since they have not been very open in their subsidy payment ab initio.

God bless you!!!

You are the only one that was able to put it all together in a sensible way without getting emotional. And you are spot on!

helinues:
Meaning agriculture have been declining hence the high rise of prices of food items .

Why should things we don't import like yams, garri be selling at ridiculous prices?

It may also mean, as the GDP grew across that period, the rate of growth of others eg IT and telecoms , is much more faster than agriculture.

It may necessarily not be declining but growing at a very slow pace.

shoodboi2:
Most marketers buy 33000 liters at once. One million liters would be over one billion naira.

Who is this guy looking to sell to? Cos I don't think he's selling to Nigerian marketers. Unless maybe major marketers.

But those ones will only turn around to sell to independent marketers who buy 33000 liters at once.

Middle man things 😂

NIPCO
BOVAS
MAJOR OIL

To name a few can do a million litres.

firearcher:
Its simple. They had no incentive to own such ships before. But now they do. Time for the companies to shore up their capital base and capacity.

Nigeria will be great.

At last, someone that read and understood.

God bless you.

Omoluabi16:
I really have a problem with those of you who toe this line of thinking. I'm sure you support a hike in university fees? You need to understand it's a two way thing. The abroad taxes some of una dey eye, they have at least a minimum acceptable standard of living. Do we have any in Nigeria?

Is train the only means of movement along that route?

You guys like quoting developed nations but are not willing to pay for the same quality of service like they do.

Why slash prices from day one? Subsidizing train transport again. There is nothing like taxes here. If the T-fare has been subsidized, it is just a matter of time before operations grind to a halt.

Unless you can prove the initial prices released were exploitative, it is a wrong move.

Yes I support a hike in university fees. We cannot call our universities trash, when what we pay as fees is also trash. We also need to pick one.

Nigerian airways
Nigerian railways
Nigerian refineries ..

All were ruined due to action like this by the government. Let customers pay the right prices so the infrastructure can be maintained and service level retained. Unless the prices were exploitative before, this move will back fire.

Game over!

blacksam01:


me too i enganged him ooo...told my bannker friends..annd we all didn't bliv it

na wa oo..ppl of high places dey nairaland oo

A lot of people do not know that nairaland has high caliber people using this anonymous forum.

I figured this out several years ago.

Just read the posts with an open mind and you will figure out those putting out privileged information.

ModCaller:
You're comparing different categories of Internet service providers.

MTN, GLO, AIRTEL, etc are mobile internet service providers.

Starling is a broadband internet service provider. You can't use starlink with your phone except through WiFi. The equipment are not portable. Only good for home and office use.

They are completely different niches. MTN, GLO, Airtel, etc will ALWAYS have their place.

You are the only one that understands the difference in market niches.

Peeps are commenting as if they will be carrying the satellite around. MTN an co are predominantly playing in the mobile space. And the larger percentage of internet access is on mobiles.

I have a headache reading this.

Nigerian relationships is not complete without the question "Have you eaten" from the ladies..

IbeOkehie:


The world market price of petrol for any given day can be found here

https://www.investing.com/commodities/gasoline-rbob

That's all there is to it. That's the price at which NNPC can buy it anywhere in the world.

Right now, at this moment, the price of a gallon of petrol is $2.30.

4 litres = 1 gallon, so one litter price ~ $0.60

Convert to naira using CBN rate to get ~ 275.

Convert to naira using free market rate ~ 460.

So the price of fuel in Nigeria without fuel subsidy should be above ₦275.

The price without forex subsidy should be ₦460.

There's no mystery to this. The info is freely available. Anyone can call the sales office of any refinery in North America, Asia or Europe and this is the price that will be quoted.

This is the price at which Dangote must also sell or his refinery will shut down. The only way he can sell for less is if the government pays him a subsidy. Are Nigerians ready for the Nigerian government to pay Dangote ₦2 trillion per year to supply fuel for Nigerians?

If Nigerians want their country to prosper, then all subsidies must go. Aside health and elementary education, government should get out of the market. Allow Nigerians to produce, buy and sell whatever they want to or from any country or any person at their freely chosen price.

Yes Nigerians will suffer but that is how other people suffered to make their countries better. Everything isn't about today, think about 20 years from now.

It's OK too if Nigerians don't want to suffer, it's very understandable.

Just know the choices available are set and unavoidable.

Thanks.

God bless you!

Facts backed up with verifiable evidence.

biodunid:
10 states contribute 116.8% of the total and people don't even see how ridiculous the data is but are fighting for bragging rights?

Good bless you! The percentages didn’t add up. But I didn’t want to comment.

I read all posts until you pointed it out.

People are basically discussing inaccurate data.

Are other states not featured doing zero percent ?

How did a 2.3Km road connect 42 communities?

Fake news. I witnessed it. Nothing like gun shots. Police men stopped a bus they had interest in while others looked on for like 3 minutes.

Nothing like kidnapping or gun shots.

If the state capital is not in close proximity to Lagos or Abuja and there are no local flights going there daily, then it may not be as developed as you assume.

Any state capital local airlines find worthy of flying into daily gives you and indication the level of development and Comercial activities there.

A breath of fresh air!

Kudos to the OP.

texazzpete:
All the people claiming this is misplace priorities, are you people normal?

The more options in the market, the better for you. Why are some Nigerians actively trying to hold this country back?

5G is even long overdue sef.

Everyone now thinks criticizing everything about Nigeria makes them woke. It’s like a fad now

Johnrake69:
Increase will see a sharp decline of activities on their respective network

SMS is no more relevant today. I wonder why they want to increase the fee.

-Bank Alerts
-Messages from your products or service providers you patronize on your birthday or to inform you of modifications etc
-Bulk notifications etc

Are still very much relevant

Mindlog:
Criminal minded individuals coming together to form groups, all in the name of liberation.

God bless you!

anorexicmuster:
Reading the comments, there seems to be a lot of grumbling and anger over the government's decision....to have a national database.

The funny thing is that if we didn't have a database, these same people would be still grumbling and complaining that Nigeria is not among the advanced nations of the world....

And the funny thing is that back in the day a lot of people were backing the NIN thing because it would somehow show 'the true population of the country.

There is nothing wrong with having a NIN. People should go out and get a NIN if we don't have one. The government should extend the deadline and provide more opportunities for people to register...and maybe make it possible to register kids at birth....

Saying this does not mean I support or like Buhari. But we have had this NIN issue on our head for over 40 years....and several failures. Time we made sure this current effort...ongoing since 2013, works.

At last someone that gets it.

Complaining and lamenting now seems to be the new cool.

NIN is very important if we get it right.

1Sharon:


By your logic, being straight isn't natural either, because straight men deliberately target little girls too.

Being straight and gay should never be up for debate. They are not the same because there is a reason for differentiation of the male and female anatomy.

Since we are the woke generation where everything can be questioned, then I agree with you.

If a male child molestation by a male and female child molestation by a male are exactly the same , then no issue.

I think the people in USA are right to say no one should impose a sex on a baby anymore until they are old enough to decide.

How am I sure I am male sef ?

I am agreeing with you .. you are right , I am wrong . Bye

Constantine10:
you don't have the stats because you are a lying homophobic idiot, most pedophile are heterosexual like R Kelly who abuse boys because of the power he gives them.

You see, some of think you are intelligent but you are not.

Did I call you names in any of my post ?

If you have an iota of sense in holding intelligent discuss, you will not results to insults

I do not believe anyone is naturally born gay, if you have a superior argument, your responsibility is to state your superior argument not result to name calling.

I am 100% sure if this were to be a real life convo, I will not be talking to an unrefined fellow like you..

You won’t even have the opportunity… but we are online so anything goes ..

Obi1kenobi:


You may not have stats to back something up - yet you just made the claim anyway. How many gay people have you met and how many of them who you have met "target young boys"?

if you are not gay, there is no need to engage you further.

I will only respond to gay people going forward.

WoundedLamb:


I see.

Please, read the question in bold once more and decide for yourself if the logic is really error proof. You're saying that some gay people targeting underage boys implies that being gay ain't natural? Do you know how many straight men abuse underage girls in a day? Let's use NL as a sample; do you have any idea how many front page threads are about men abusing kids every now and then? How many of them are gay? Does that also imply that being straight is not natural? No, it doesn't. We simply sat they're sick. We don't tie it to their sexuality cause we are also straight.

The point here is that the premise of your logic does not support your conclusion. It's easy for us to call out a whole group just because of the actions of a few when we aren't members who the said group.

* When some does something in Kenya, people say "Kenyans and awkward news!" but we cry out when the western world stereotype Nigerians as criminals.

* When an a woman does something silly, we say "fear women!" or call her ashawo when she's dressed in a certain way, but we cry out when SARS officers profile us by our dressing cause not all guys on dreads are criminals.

* When an Hausa man misbehaves, we call out Northerners, but when Igbos are in the news cause of the crimes of Obi Invictus, they cry out.

* We demonise gay people cause there are some pedophiles amongst them, but will quickly forget about sexuality when the culprit is straight.

This herd mentality fuels discrimination cause it makes us not to be empathetic enough to put ourselves on other people's shoes.

You missed my point. Molestation of either young boys or girls is bad. If being gay is natural, why can't gay people wait until the boys are grown up. Why target them at a young age?

1Sharon:


So straight men don't molest little girls??

Can you listen to yourself?

I am not talking about molestation of little girls but trying to punch hole into the claim of being gay as being natural.

And please next time, if you cannot respond without subtle insults, you are free to ignore the post.

WoundedLamb:


You got it wrong from the first line, sir. These men didn't just decide thier orientation cause they have the right to, except you're telling me you were the one that chose to be straight at some point. Even in Nigeria where people don't have the "right" to decide thier orientation, we still have gay people. Regardless of how Africans or Asians try to suppress it, gay people will always be born everywhere. And they also wonder how you'd see a cute muscular guy and leave that for a woman.

My issue with being is gay is they deliberately target young boys, who are still at an age they can be manipulated.

If gay is natural, why are some of them targeting young boys? Because some of these boys will now be messed up for later life.

I may not have stats to back it up but there is an issue of molestation, at a very early age, not noticed by the parents of most gay people.

Kenn55:
The worse thing that has happened to Nigeria is that all the different tribes have not realized that they have all failed.

God bless you!

This has always been my perspective. Everyone failed. Those pointing fingers are failures as well.

At the end, it is all about money. And the reasons some people or others provide to make them entitled to money or a part of a wealth not built by them.

So every time, Anita, her lawyers wake up until this is settled, they are basically scheming to get their hands Paul’s on money.

It is as simple as that.

What about the Belgore’s ?

Game over …

Our lack of a natural point guard hurt the team.

Our game management is not too notch.

somehow:


Oni
Moneke
Okoye

These 3 haven't impressed me for now.

I suspect Oni will make it while Gabe Vincent will be dropped . Okoye and Moneke can’t make this team. But they will be at the nations cup that comes up almost immediately after the Olympics