₦airaland Forum

Alright

Does he get his own salary ?

It is well with our country.

It is a matter of time, an egg will walk!

FROM THE BLOGOSPHERE: WHY DO WE SUFFER FUEL SCARCITY IN NIGERIA?

1. We do not have enough refineries to satisfy our domestic need, so we depend on fuel importation

2. Fuel is bought at the international market with US dollars and importers need USD to buy and import fuel

3. There is variability up to N121 bewteen the official USD exchange rate and the parallel market rate in Nigeria.

4. The government determines the price for fuel because the CBN is the only source of US Dollars for Marketers who import fuel.

5. If marketers source for dollars themselves, they cannot sell the product at the government price because of the N121 difference.

6. When the CBN gives US dollars to importers to buy fuel and import, they opt to selling the US dollars in the parallel market since they will make more profit, say about 50 times more than buying fuel and importing.

7. Most of the few marketers and dealers who use the dollars they got from CBN to buy fuel and import, divert the fuel to neighbouring countries like Chad and Benin Republic etc because fuel costs more in these countries since their Petroleum Market is free, and they will sell at a higher price and make more gains.

8. The CBN as a result of over 60% decrease in the price of crude leading to a reduced foreign reserve cannot afford to give enough dollars to marketers and dealers to import enough quantity of fuel for domestic consumption in the midst of all the leakages

9. These factors combined with a few others always lead to a shortage in the quantity of fuel that will satisfy Nigerian domestic consumption.

WHAT HAS THE MINISTRY OF PETROLEUM DONE?

1. Stopped the CBN from giving USD to marketers and dealers and gave them freedom to source for foreign exchange in the parallel market

2. Allowed the pump price of fuel to reflect the international price of fuel using the foreign exchange at the parallel market

3. Given all marketers and dealers the right to buy and import fuel while sourcing for foreign exchange from the parallel market

WHAT WILL BE THE IMPACT OF THIS?

1. Marketers and dealers can no longer collect dollars from CBN and sell at the parallel market instead of importing fuel and then causing fuel shortage

2. Marketers and dealers can no longer divert fuel to Chad, Benin and other neighbouring countries since they will not make extra profit in doing so

3. Everyone can now buy fuel and import. There are no more cabals in the Petroleum industry. Anyone can join and do business.

4. More fuel will be brought to Nigeria and there will be competition among marketers that fuel stations will be begging and giving incentives to customers to buy their fuel

5. Competition will drive down the price of fuel as seen in the case of diesel.

6. Government will use its
resources and time to develop infrastructure.

This is the choice we have to make now that we have a Government that we can entrust our resources to and go to sleep.

Hi all,
I saw a banner right behind the immigration /passport control officers at arrival MMIA a couple of days ago, which boldly states that WE SHOULD ENSURE OUR PASSPORTS ARE CONTROLLED/ STAMPED BY IMMIGRATION OFFICERS ON UNIFORM ONLY.

Now I begin to wonder if this type of notice is good for our image.

Are there other people who could control passports at MMIA apart from Immigration Officers?

I got one a couple of days ago for 42k...


quote author=IRserveMyComent post=45061826]How much did you get it? i priced it yesterday in computer villa they said it goes for 44k.[/quote]

My wife's RAV4 last visited the mechanic 7months ago for normal service (it just indicated maintenance required last week) but my Corolla is 12months running without seeing a mechanic and it is in daily use... I haven't even done normal service for 12 months.

These eagle guys are bunch of blockheads! Gosh! What a disappointing performance at the end!

It is well.

It is well

The first page is page 1 of 2 , where is page 2 of 2 ?

Moral decadence! SMH for this generation!

That's serious!

Good!

This is really sad!

Almaiga:
See correct comment/ prayer, unlike all the other comments that makes no meaning. Here i say a big "AMEN" to your prayers.

You are on point! The way some nairalanders trivialize serious issues is alarming!

VickyRotex:
I use this moment to reach out to everyone suffering from one form of cancer or the other, may you receive divine healing and good health.

Amen

It is well bro...God will replenish lost items in multiple folds.

My daughter is 1yr 6mnths and can identify almost every part of her body.. She understands basic commands and goes on basic errands ... I teach her at home at leisure but i want her to be 2 before i put her in school.

4,000

Not a bad idea

Lol

Halleluyah!!!

Hope the journalist checked the telephone number well this time ... (If the interview was conducted on phone)

Hope the source of this news wont be denied afterwards...Might be another fictitious Sagay!

I have no advice for you really; I'm just surprised at your grammar. Would you really have qualified as a graduate with this type of poor grammar? Could you please rewrite your piece to enable me make meaning out of it!

Is Durella still in Nigeria? Is he still making music?

My wife and I have the same birth month and day. She's March 14 and I'm also March 14.

Sunnypar:
You would hear from me soon. Thank you.

You are welcome!

Sunnypar:
At what price?

300 cartons (6g) 2,130 per carton (free delivery to the mainland)
500 cartons and above (6g) 2,100 per carton (free delivery to the mainland)

300 cartons (15g) 4,380 per carton (free delivery to the mainland)

500 cartons and above (15g) 4,350 per carton (free delivery to the mainland)

Sunnypar:
Am not around Agbara. Am on the mainland in Lagos. Will there be an extra charge?

Where exactly on the mainland are you?
Well, I will deliver to you at zero transportation cost anywhere you are on the mainland only if you can buy up to 300 cartons.