₦airaland Forum

Vardanes2:
So, my solution is, refine the fuel at home, pay the people refining the fuel at home the price they demand to be paid in so that they can keep the refinery wroking, and then

Or why do we have Danogte refinery, the one in Edo state, and the other one in Imo state...plus we have at least 60 licences issued for refining fuel...why haven't the European power s stopped them from setting up refienries in Nigeria?

Well, I've said it. You are engaging in all this conspiracy talk because like most Nigerians, you want to pay N40 for fuel..hence you voted for APC.

You don't want to accept the reality, that we have to pay the people who want to refine fue here in Nigeria , the price they want us to pay for their services. You want them to operate at a loss, and run their refineries down, the same way we ran NNPC refiners down, because we kept on selling fuel at a price lower than it cost NNPC to refine it for decades.

It's you who does not want to accept the truth. Like your goverment, like the oppoisiton

Well, good evening. I have tried.

By the way,if we removed subsidies, it will lead long term to Nigerian having 10 refienreis, or more, and lower prices. Comeptiton.

Vardanes2:
So, my solution is, refine the fuel at home, pay the people refining the fuel at home the price they demand to be paid in so that they can keep the refinery wroking, and then

Or why do we have Danogte refinery, the one in Edo state, and the other one in Imo state...plus we have at least 60 licences issued for refining fuel...why haven't the European power s stopped them from setting up refienries in Nigeria?

Well, I've said it. You are engaging in all this conspiracy talk because like most Nigerians, you want to pay N40 for fuel..hence you voted for APC.

You don't want to accept the reality, that we have to pay the people who want to refine fue here in Nigeria , the price they want us to pay for their services. You want them to operate at a loss, and run their refineries down, the same way we ran NNPC refiners down, because we kept on selling fuel at a price lower than it cost NNPC to refine it for decades.

It's you who does not want to accept the truth. Like your goverment, like the oppoisiton

Well, good evening. I have tried.

By the way,if we removed subsidies, it will lead long term to Nigerian having 10 refienreis, or more, and lower prices. Comeptiton.

Nairalandian:
I've always asked, "Is Africa cursed?".
All of us, are we cursed?


There's always a huge development gap between black countries and white countries.
From Black African countries to the Caribbeans, all black dominated countries are useless.

Vardanes2:
Yes, Nigeria does not know how to fix the refineries because fixing them also means selling fuel from them at a profit, which also means much higher prices, which also means APC gets voted out come 2023.

The government would rather continue a scam subsidy rather than fix the refinereis, and by extension accept that fuel has to be sold at a profit so that funds to keep those same refinereis running well, and funds to build new refineries would be available.

Subsidy removal means higher , much higher prices than the N190 government is proposing...

But long term good for our economy

N.B That image you used in your post is hardly tasteful.

Vardanes2:
Which is why I have said, repeatedly on this thread, why subsidy has to go.

We ended up in the suiutuation which you have pointed out because for years, we subsidsed fuel, and thus made it difficult to sell fuel at a profit that would have been enough for NNPC to refine it at home. So, we went from being an producer to being an importer.

Instead we sell something that costs over N200 to refine here at N165 or less.


We have been doing this since the 1980's...and that's why our refineries don't work...because NNPC stopped selling fuel at a sufficent profit...which would have enabled them to pay for repairs, to pay for new refienreis, to pay for maintenance, and so on and so forth.

Dangote will soon come on stream. Maybe prices will fall, but if we don't let him sell at the price he wants to sell, and not only Dangote, but the other guys who are building private refinereis, they won't earn enough profit to keep their refineries competitive, and at the end of the day, we would be back to square one.

Vardanes2:
On the other hand, if subsidies went, and makrketers were put in charge of setting the price of petrol, the refinereis would work since it would now be profitable to refine fuel in Nigeria.

Infact, those who you think are benefiting from the maintenance fees would infact earn higher profits under the arrangement, and the poor would benefit from more jobs.

Niger sells fuel at N377 per liter, and thus can refine fuel easily because they don't subsidse it,and thus have the profits to pay for refinining it at home, and they are 'poorer' than we are.

The India and South Africa can build refineries by the ton because they too sell fuel at very high prices. If they did not, they won't have the profit to build and repair and upgrade refinereis.

Here in Nigeria, we take cheap fuel as a national gift. It helps polticans get elected, but we end up spending a lot of money for keeping it cheap.And apart from Dangote, no private investor is willing to build a big refinery here. Also, most private refineries here are planning to refine things like Diesel...which isn't subsidsed.

Vardanes2:
We don't have electricity, because it costs N53 to prodice one kwh of power, and then it is sold at N30 per kwh until recently when prices were raised to N50 per kwh

So there isn't enough profit in the system to make things work. Part of the losses are covered up by, you guessed it, government and international loans.

No profits, no power. Price controls don't work in economics.

As for roads, we have a tax to gdp ratio of 5.8%. Toll gates were dismatled across the country. Works budget is scanty for a country of 200 million people, then there is looting, and bad railways.
Countries with good roads pay higher tax rates than Nigeria ever does.



And to earn enough from oil, we need it at $133 per barrel. Because there are 200 million of us, while prosperous oil produicers have less in populaiton

Far less.

Of all the prosperous oil priducers I know of, most of them produce 2-5 times oil than we do, and have populaitons about ten times less.



They also don't subsidse fuel;India seells fuel above 300 naira per liter. ( and the fuel costs in India vary from city to city, with some paying above N400 per liter) ;South Africa sells it at 400 per liter. They got the money to fix and upgrade their refienries., w..because the profit is sufficent to do so.

Right now, Nigeria is supposed to be sellign fuel at N180-200 PER Liter, but we sell below N165, with NNPC covering the losses with its money(before it was marketers wwhich is where the concept of subsidy scams, fuel crisis, ettc came from)...and at the end the resultt is still the same. Yes a profit, not enough tto pay for workiong refineries.



Yes, because they operate at a loss, because subsidy




In the words of Pontus Pilate...what I have written, I have written.It is my opinion, and I don't work for government nor do I support APC or PDP.

Vardanes2:
So we should be selling fuel at N162 when it is supposed to be N190?

So back in 2011, we should have kept on imprting fuel at N99 and sold at N65 per liter?

So we should have kept on wasting money on subsidy, and we should keep on wasting money on subsidy.

So we should have kept on selling subsidised fuel...eh? So that greedy people would have been taking our subsides to Niger. and other countries to sell and make a proft.

Okay, and I am supposed to be the unintelligent one.

Go and buy stuff at N1500 a piece, sell it at N750 , ask government to pay you N250 as subsidy and see if you make enough of a profit to stay in bsuiness.

Subsidsed fuel is why we are here. Let the marketers fix the price of fuel, so that we can have the cash to fix refineres, so that more investors can come in and build refineries, and so that government can save money, and reduce our debt , and so that at least , we get more jobs.

We are buying fuel from Niger because Niger does not subsidse their fuel, and as such have the cash to pay for repairts and upgrades to their only refinery.

Vardanes2:
Because the petrol from the new refienry would be sold at N160 after being produced at N200 and above from the same refinery, and the refinery as a result won't make the profit it needs to keep running, and upgrade.

And the subsidy payment for the refienry won't cover the losses made adequately.

Within a few years, the refienry would either close down, or would export all its fuel abroad.

That's why all of NNPC's refienries are shuttered...because NNPC was selling subsidsised fuel, and running at a loss as a result. Any money NNPC makes now goes largely to paying subsidy costs, and also imprting fuel. NNPC cannot profitably refine fuel in Nigeria because Nigerians prefer to buy cheap fuel.

EdoDefence:
We wanting to be left alone doesn't mean we want to be slaves

Omihanifa:
I agree with what you have said o, but there are some places in Nigeria that you will get almost 24 hours of electricity all year round.

A good example is WUYE and KATAMPE EXTENSION in Abuja. sometimes you will need to either off your fridge or reduce the coldness.

Even places like omoku and bonny island too enjoys constant electricity thanks to shell and Agip

Akanbiedu:
Face your PDP nigga, e nor concern you

CoronaVirusRelo:
When you get to a leadership class, you will know their will be no CEO with failed workers. What's makes him/her a CEO is the collective efforts of many.

It's very easy to make orders, it's left for those orders to be imbibed and executed across boards.

okefranci:
Are you referring to your pastor or your biological fada

CoronaVirusRelo:
Dude said the bitter truth

The root cause of Nigeria's problem is Nigerians.

Leadership takes a minute toll.

Asgard13:
AlLL YORUBA PEOPLE ARE NOW INDIGENOUS TO LAGOS

WHILE THEIR STATES HAVE ALL TURN GHOST

MY GUY BOUGHT 15 hectares for just 130k

Empty houses and land..

Na why Fulani just Dey pick lands ... for Yoruba unchallenged

Dem wey abandon their places Dey online the make noise

Ask Sunday IGBOHO wen last he visit modakeke