₦airaland Forum

PARADIZEPRIEST:
US HAS 40REFINERIES YET THEY DONT HAVE CRUDE OIL.

yeah,because america saw this issue comin years ahead and started bunkerin years ago....

not what we are tryin now with jerrycans....

renderme:
This is US gas price as at today: $1.102/ltr

ahh....okay,i didnt know how much a liter is in gallons....

that means $1.102/ltr x roughly 4 is around $4 per gallon....

did i miscalculate....

pandoragirigory:
in Liberia $5 for 1 gallon (4 litres) that is about #862 per litre

wait a minute....
isnt america measurin in gallons too....??

and i remember that company written on his workdress....that company is in europe not in america....

this guy na typical igbo....

goodheart01:
How do u mean the guy is wailing?. Someone is trying to give u guys sense yet u refused. I guess you are buying fuel at 150 in your location because u defend Tinubu online. Nonsense!!

abegi park well....we dont need obidafties advice....

royale rumble....

nawa....

if una dont stop this subsidy scam,the amount will only rise more and more....
nigerians greediness is limitless....

sammirano:
This is nonsense. An action should be taken NLC but they have been bought

imagine....this are the people that suppose to be fighting for the workers oo....

lets be honest....the subsidy payment is hugh....

start refusin to buy by stations that are playin on your desparation....
even if the price reduce later,dont go to this stations no more....

buy only by stations that stayed reasonable throughout the ol process of adjustin....

Ynix:
CBN alone is not in the process

should be....or only people that cbn appoint to do it in a rate that only cbn approves....

Ynix:
Hmm,
I believe that the present Government can do the the following to achieve that.
Strengthening the official exchange rate: The government could take measures to strengthen the official exchange rate by increasing the supply of foreign currency, particularly US dollars, through various means. This could include promoting exports, attracting foreign direct investment (FDI), encouraging remittances, and implementing policies to boost foreign currency reserves.

Economic reforms: The government could implement structural reforms to improve the overall economic situation, enhance investor confidence, and attract foreign capital. This might involve addressing issues related to infrastructure development, power supply, ease of doing business, and governance. By creating a conducive environment for investment and economic growth, the government can increase the inflow of foreign currency.

Foreign exchange market interventions: The central bank may increase its interventions in the foreign exchange market to stabilize the exchange rate. This could involve selling foreign currency reserves, particularly US dollars, to meet the demand and reduce the disparity between the official and parallel market rates.

Fiscal discipline and monetary policy: The government can pursue fiscal discipline by managing public finances effectively, reducing budget deficits, and implementing prudent monetary policies. Sound macroeconomic management can help stabilize the economy, control inflation, and attract foreign investment, which, in turn, may improve the availability of foreign currency.

Collaboration with international partners: The government can engage with international financial institutions, such as the International Monetary Fund (IMF), to explore potential assistance programs, loans, or financial support aimed at stabilizing the exchange rate and addressing economic challenges. These partnerships can bring expertise and resources to help manage foreign currency liquidity and improve economic stability.

Diversification of the economy: Promoting economic diversification away from oil dependency can contribute to reducing the pressure on foreign exchange. By developing other sectors such as agriculture, manufacturing, services, and technology, Nigeria can enhance export earnings and reduce the reliance on imported goods, thereby improving the availability of foreign currency.

Curbing capital flight and illicit financial flows: The government can implement measures to combat capital flight and illicit financial flows, which contribute to the scarcity of foreign currency. Strengthening regulations, improving transparency, and enhancing anti-corruption efforts can help retain foreign exchange within the country and reduce the need for multiple exchange rate windows.

It's important to note that eliminating the dual exchange rate system would require a comprehensive approach that addresses the underlying economic factors and structural issues contributing to the current situation. Additionally, communication and coordination with relevant stakeholders, including businesses, financial institutions, and citizens, would be crucial to ensure a smooth transition and build confidence in the unified exchange rate system.

bwahaha....as if its the job of federal goverment to provide dollars for you....

the only way is when only cbn is allowed to exchange money....anybody else should be declared criminal....
anything else na balablu....

gare:
Guy Nigerians are not just corrupt they are also wicked and evil, because it takes a wicked and evil person to do the kind of things they do. Someone with a conscience would not do half of that.

i tell you....

HacheNoire:
I will have a rethink once the dust settle. I just want to observe the moment first. It’s too early to conclude of decision is favorable.

yes,we have to wait....let the dust settle....
somebody said subsidy removal is actualy endin of june....

gare:
How old where you then ? to most Nigerians it was just a misplacement of priorities, if you are in secondary school you should be aware of what is going on around you, i started reading Newspaper from my primary school, so I had followed all national issues from very tender age. This Government need to act now and ensure the prices go back it they where and should only remove subsidy when Dangote Refinery comes on stream.

you dont understand....many only care about today to tommorow....
they cant even think that far that their are people playin the masses....

how could i have known that nigeria is soo complex back then....
am shocked how deeply corrupted and wicked nigerians actualy are....

from where did you get this list from....??

gare:
They never saw any light, they where selfish and took advantage of the mass then to fight GEJ, they knew the advantages of subsidy removal, but my on take here is why did PMB not fix our refineries before the removal of subsidy, any responsible government should trty as much as possible to mitigate the suffering of it citizens on every issues, but in our own case our leaderes are wicked and dont care about the masses that would suffer the fallout of the subsidy removal. We have Crude, we have working refineries we would not suffer at all.

how many nigerians do you think understand whats going on....??
me,for example back then didnt understand much either....

thats why education and communicatin with each other is very important....

i already started likin this guy even before he won with tinubu....

no nonesense guy....

they have already started sealin off petrol stations....

they said in june something the subsidy removal would actualy start

noo,tinubu should let them show their true greedy selfs....
they will sort it out themselves when they get tired of it....

shebi buhari was soo bad....
let to themselves,they would be sellin each other into slavery again even today....

sreamsense:
Nothing can ever please Biafrans even if Tinubu releases kanu. They inherited ungratefulness, boastfulness and hatred. Majority will not even appreciate it, they will think is their right for kanu to be released by Tinubu. They will still continue in their hatred because it is in their blood, only few of them have clean blood free of hatred, sturboness and arrogance. How should kanu that sought to kill Tinubu and his investment during endsars in Lagos be considered for freedom?

His Ipob/esn he formed had led to killing of thousands of Igbos and non-igbos as well as destructions of their properties. Is he more Igbos than thousands of Igbos he killed directly and indirectly? Many people are bringing development to their region, kanu instead brought destruction and killings to his region. Key to his prison room should be kept with Buhari in Daura so that Tinubu won't get distracted.

bwahaha....

he is talkin the truth....
their are things you just cant forgive....

me for example,i dont believe in forgivin and forgetin....
forget that twistin of bible verses that whites did with you....
that forgivin and forgetin verses is actualy for family members that did you wrong....even that is limited....
whites are not even family members....

you have your region....do with it what you want....
if una like,turn it to somalia....we dont care....

shebi na this una wanted listenin to radio biafra from the start....
now una got what una wanted only in una region....

try to pass your madness to other regions una go collect wotowoto....

Goodmarlian:
Is that too much to ask? If you this administration thrives on hate it has failed already.

yeah,the world will end if you dont do igbos a favour....
una no wan wait till sit at home start to show results anymore....??

and why do you guys think you deserve special treatment than any other tribes.....
una entiltlement mentality is realy bafflin....

shey na only una dey nigeria....??

nigerians are too wicked and greedy....
its too much wickedness....

you have to be bribed to be kind to each other....??
complete madness....

i see subsidy as a bribe....

he did well considerin how stubborn nigerans are....
he brought sometype of stability and security to the north....
things was realy bad in the north with jonathan....

job well done....

COMPAQ:
You are still thinking?

The owner of the refinery and everybody who knows anything about the sector tells you that Dngote refinery alone is able to meet Nigeria's production and export.

But you are here still thinking it won't be enough.

Then PH refinery is supposed to come on stream. Then Bua is building one in Akw Ibom, but yet you still think that it won't be enough?

na you no dey think....
isnt dangote a capitalist....??
why the hell would he dump his product in nigeria and earn less than dump it around surroundin countries and earn more....??

think about that....
dont await fuel price to decrease in nigeria....

what you dont understand is,the crazy amount of demand for fuel in the entire world....
in europe,fuel goes for nearly 2euros per liter....that is around 800naira....
where would you sell it....??

SalamRushdie:
When people with low IQ talk U just know

He hasn't even removed it yet and suffering has started , people are complaining about Tinubus careless talk yesterday not the removal of subsidy

he did the right thing....
better take the shock now,than be scared for months or even begin it again....

tinubu should stay form like buhari....
anybody caught hoardin should be heavily punished....

nigerians are too greedy....its insane....

HacheNoire:
Imports have not been banned. Only the subsidy has been removed.

i even think if all refineries were workin at full capacity it would still not be enough....
and dont forget surroundin countries that depend on the nigerian market....
their presidents were even at the commisionin of dangote refinery....

HacheNoire:
Even if all refinery’s are repaired, fuel will still be selling at close to international market prices. It won’t reduce price to current selling rate.

Subsidy has been doing all that and it’s time to let go.

nigerias daily fuel consumption is hugh....