₦airaland Forum

monerozi5590:
Hmmmmmm. Remember, Tinubu said before the presidential election that no matter how long Nigerians protest, he will remove subsidy if elected the president.

We just need anything that will cushion the effect. I don't think there's going back on this. May God help us all. It won't be easy but I pray God makes it easy for us.

iamoyindamola:
https://www.nairaland.com/7710381/nlc-rejects-new-petrol-pump

This one wan cash out,I stopped taking them serious since Oshiomhole days

Beorn:
It's definitely a fake LG, the type being sold at Alaba. So many fake LGs are in the market that's what many people don't know.


But believe me, an authentic LG product is 1000 times better than Hisense. In short there's no comparison. The LG TV my friend bought last year, the remote alone is 28k. No jokes.

The features in the TV is miles ahead of the features of the Hisense of similar quality and inches.

OasisX:
.....FG would keep the money and divert it to where its better needed.

GloriousGbola:
subsidy does not exist. NNPCL is effectively providing the 'subsidy' out of its own reserves. the FG is owing them for this

OasisX:
LG ain't a good product. Bought one for Mom and after a year screen turned dark. They took ir to Fouani Office for fixing cos of Warranty ish, funnily it got worse.

I replaced it with Hisense and till today, she's still enjoying it.

OasisX:
Dear good brother. I understand the pains we are all going through now, but certainly no pain, no gain.

If its a sacrifice we all have to make to actualize a new Nigeria, let's do it. If it works, we will vote him again, if it doesn't, he is gonna be a one term president.

OasisX:
OFFICIAL: Fuel subsidy is gone. Filling Stations that wanted to hoard fuel till June 30 gonna start selling now.

https://twitter.com/nnpclimited/status/1663897300651966466?t=HhLVP4Os3qkawT3fHeBgzQ&s=19[/font][/quote]So what happens to d remain allocation for June ending. ?

What happened to the money borrowed for soft landing?

What is your personal take on this abrupt and unprepared "casala"

Safe to say.it is BAT not Buhari that is responsible for this development...


Next week is going to be fun regarding market price as well as biz....

obainojazz:
Not a good brand, go for Hisense if you are on a budget.

BlueRayDick:
Our politicians owe us explanation for decisions they take on our behalf.

BlueRayDick:
Why not?

Amigoss:
Traders in Onitsha,aba,Yola,kano,Makurdi,Uselu and Benin oba markets,your queen is here whom you will be paying homage,tax and levies to..IYALOJA OF NIGERIA,The First Daughter of the FRN?

https://www.nairaland.com/6436329/court-stops-folasade-tinubus-daughter


Seyi sef go get office and post of The first son of federal republic of nigeria,lmao


Na MC oluomo remain.

BlueRayDick:
I will like them to do an analysis of how the whole pricing thing will play out. They should educate us and put the information out there and not making us do guess work.

They should state true pictures of things unequivocally.

monerozi5590:
Their eyes have open. . Is about profit now.

monerozi5590:
The stakeholders are private business men. Is a limited company now. The act is trying to reduced government influence on the petroleum and gas sector. Is not shalaye. They are business people and FG is owing them money for fuel subsidy.

seankafor:
that boy never reach 20 years.. he sure me die

monerozi5590:
Wow! Not gonna be easy. They need to bring something up asap to cushion the effect of inflation that this subsidy removal is causing already.

Amigoss:
And what does this shalaye have to do with what I posted

GrammarNazi1:
What are the concomitant measures and counter-balance policies and programmes?

iamoyindamola:
I been wan ask sef if I wan japa and I enter the airline there won't be stop over oo
E go just they carry me go where I no know

seankafor:
dayo no send una papa for naija
He only cares about his tribe and to win (arguments)

BlueRayDick:
He’s a very intelligent man .

GloriousGbola:
. so i made some calls. removal of subsidy is official. price of PMS will vary according to region/location. price in lagos is n488 . it is over n500 in abuja.

the logic of raising prices right now is as follows - from june, ex depot price of pms will also go up. that means that the station dealers [the last link in the chain] will have to raise capital to buy at the new rates or go out of business. the price of a truck of pms will more than double.

it now remains to be seen if we will have true deregulation or status quo will remain

right now only nnpc is officially bringing in product.

here we go

Amigoss:
Greedy Nigerians Nnpc are hoarding and increasing fuel after collecting subsidy

Benin and pH is correct,let me check for Lagos and Ogun to confirm this screenshot

Itsrm:
I'm hearing that the NNPC station in PH that used to sell at 189 even during the last scarcity has now changed their price to 511 naira per litre.

If this is true then I have reasons to believe that this is no longer about greedy petrol station owners.

Balogunodua:
Hw meni pipu dey weep exactly?

Where I dey f4 here nobodi dey weep oo

GloriousGbola:
I am personally not happy about removal of subsidy or underrecovery as they call it as it will lead to a higher cost of living across the board.

However, if the govt is committed to removing the subsidy, this issue of panic buying, hoarding and raising of the price will inevitably follow any announcement.

If the announcement was made in June, we would still have this exact same scenario. If the government defers till January and then announces in January, we will still go through the same transition pains.



The Irony is that most of the major marketers who are often demonised have wanted subsidy gone since the 2000s. some have made long term investments to reduce their landing costs. If we have true deregulation [ i am not sure this will happen - because diesel is clearly still regulated] a lot of mushroom filling stations will not exist, because They will not be able to compete on price. Large tank farms and associated infrastructure means a major marketer can buy in large volumes at a discount, sell at discount and undercut competition.