Vandieee's Posts
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Get your CANADA, US, DUBAI, QATAR, SAUDi ARABIA and KUWAIT work permit VISA on ground now..... For more details pls call 08039274566.... Pls help rebroadcast |
Get your CANADA, US, DUBAI, QATAR, SAUDi ARABIA and KUWAIT work permit VISA on ground now..... For more details pls call 08039274566.... Pls help rebroadcast ![]() |
vandegcfr@gmail.com |
THE FEDERAL GOVERNMENT DID NOT REMOVE SUBSIDY BECAUSE THERE IS NO SUBSIDY AT #86.5 PUMP PRICE OF FUEL Before you go to protest against the removal of fuel subsidy by the Federal Government, be informed that the government did not remove any subsidy because there was no subsidy to be removed in the first place. So don't go and protest against what does not exist. Seek information and be informed. This is what the government has done. The government has simply stopped giving foreign exchange to fuel importers and has asked them to source for foreign exchange through secondary sources. Why has the pump price of fuel increased from #86.5 to between #135 and #145? This is specifically as a result of the difference between the official exchange rate and the informal (parallel) market exchange rate. This is the simple mathematics. The official exchange rate is #199 per dollar while the parallel market exchange rate is #320 per dollar. This represents and increase of 37% (320-199/320 × 100 = 37.8%). This reflected exactly in the new price of petrol as it increased from #86.5 to an average of #140 which is an increase of 38% (140 - 86.5/140 ×100 = 38%). There may be a gap in the dessimination of information to the public and it is totally regrettable and I am sure it will be taken care of, but I encourage Nigeians to seek the right information. I have always insisted that there was nothjng like fuel subsidy and I stand by that. The Federal government cannot continue to be the sole source of foreign exchange for the importation of fuel in the face of falling price of crude resulting in the depletion of our foreign reserve. It is unsustainable and cannot satisfy the domestic consumption of fuel in Nigeria. Nigeria gets foreign currency from the sale of crude and the price of crude has fallen by over 70%. This means that the government no longer has enough dollars to give to fuel importers. A lay man shoud be. Cc. Seun & Lala |
GUY NO DEY MENTION "CHANGE" OF A WORD FOR HERE! aimuan: |
Business Administration! I'm good in administrative field, even it is to drive... egojiokwu: |
Good morning to you Nairalander, how's y'all weekend? Please I want the public to be aware of this, I got this message from an unknown number this morning claiming to be CBN official or Bank official sort of, you may got the same message, it's all fraud, scam.. Please don't fall for it. His number is - 09034815846 Who knows how many people mite have fall for it. Please spread.... And share. Cc: Seun & Lala
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wildchild1:This dude don Bleep all Lagos Ashawo finish |
Here is ma pin for any beatiful ladies- 266CA35C, guys back off!! Jez joking.. Real guys can. |
[color=#990000][/color]Hello Nairalanders, plz am in need of 200,000 for a business support, I will pay 20 to 25percent interest for 90days and am a monthly earners, if you can assist and to pay back after sum month with interest kindly reply or send email to "vandegcfr@gmail.com" I will really appreciate this effort 4rm you guys. Tanks |
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