MansoryMX:


Not entirely about Money. If you wanna live long, stop 3 things. Smoking and drinking, Womanizing and consuming RED MEAT!

smiles...

Zelenskyy:


Can you recommend a good candidate ?

I don't want to influence others, if my candidate wins and he performs poorly I won't have any regrets for misleading people. I'm no politician, I hate politics.

Blackfire:
All this illiterate Peter obi local trader unknown candidate will come here to say rubbish about APC and buhari... forgetting that diesel and gas is cheap in Nigeria





Local unknown candidate



North 2023

please can you explain how Diesel and PMS is cheap in Nigeria?

Zelenskyy:


It is well sir

I can feel you 100%

Businesses are paying too much to power their machineries...

May God help us as a nation.

If only we can get our electricity production and distribution right, the nation would be better for it.

Many Nigerians that are leaving for neighboring West African countries are doing so because of the Availability of constant power supply.

More than 4 million Nigerians are in Ghana today and many are not willing to return home because they are enjoying constant power supply.

Despite the high cost of living and police / Immigration harassment, many are not willing to return to Naija.

If Only we can get a leader that can solve this Electricity issue, then Nigeria would be among the Top 10 economies in the world in a short time....

Just imagine with all our challenges, we are still number 1 in Africa.

Then, If you give this Youthful Population constant power supply to run businesses, we would overtake many Western countries in no time.

May God help Nigeria...

Amen...

I am rooting for Peter Obi because he's a businessman and understands what it takes to initiate, establish and run a business unlike others...
A businessman can run the economy right and everything will fall in line because he understands the technicalities of making money...

Nobody with money takes to crime easily...

Other candidates were made billionaires via politics...and sustain their business via same looted funds and Government patronage of their corrupt establishments...

faceland:

Oh, so it's cheaper to important it from counties thousands of kilometers aways via the sea.

Well, we wrecked our domestic refining by making it unprofitable.

We made it unprofitable by subsidising it...meaning that NNPC sold fuel at a loss, and had to be propped up by government money, which made corruption and sabotage easier. (Since the money is comming whether the refinery works or not....)

You cannot refine petrol and sell it below the cost of production to help poor Nigerians and expect the refineries to run well.

Add the fact that the money that goes on subsidy...if subsidy was removed, the money would be saved by government, while the petrol secotr would make a profit greater than what government spends on subsidy...which can be used for domestic refining.

Maxymilliano:
Price of diesel pushing as high as 1500/litre

LPG cooking gas is pushing 910/kg

Kerosene is closely following at 800/liter

Electricity collapsed to as low as 9MW in a country of over 200m population

Naira-Dollar exchange rate already hitting the ceiling at N640/$1 with most local manufacturers struggling to remain in business

Security of lives and properties is a no go area as it's not existing

Pray tell, how else can a country be cursed with worthless leaders like Buhari ?

And these are the legacy's someone wants to build on if elected ?

u are just quoting fake price,diesel is 650 in ilorin, kero 610.if na true story make we start business.na 24 naira profit be that.oya tell us the state wey u dey quote the price

Ibrahimmantu79:
Removing subsidy is just like treating the symptoms of an ailment .

It still doesn't solve the problem because as long as we are importing the petroleum products , we would be at the mercy of importers and the exchange rate fluctuations.

We should be talking about getting the refineries repaired for good and stop this fuel importation business once and for all.

You cant be a farmer , harvest your produce , sell it cheaply to food processors and still go back and buy at an expensive cost and yet you cry that the cost of food is high.

Fix the refineries , refine locally and cut off shipping costs , haulage costs , equalization costs , storage costs , demurrage etc.

That's the only way to stop the soaring cost of fuel prices , else keep paying the high price for importation.

Thank you!
Seconded!

Xerxes2088:

best apology would be to actively campaign for peter obi to help us out of this mess

He will come and do what exactly to global shift in oil prices?



Ask u to use charcoal so he can save up subsidy money?

Whynotthetruth:


Amen...

I am rooting for Peter Obi because he's a businessman and understands what it takes to initiate, establish and run a business unlike others...
A businessman can run the economy right and everything will fall in line because he understands the technicalities of making money...

Nobody with money takes to crime easily...

Other candidates were made billionaires via politics...and sustain their business via same looted funds and Government patronage of their corrupt establishments...

Exactly...

It is Peter Obi for President.

That is a good choice...

subsidywise18:


Subsidising fuel means refineries cannot make enough profit to be fixed.

When government sets the price below the cost of producing one liter of fuel...and has done so for decades...despite being adviced to remove subsides...because 'Poverty'....you get bad refineries.

When refineries are not making a profit, we end up with NNPC running on government subventions, which get paid , bad or good performance....which provides opportunity for looting and corruption.

The same corruption does not happen in the GSM sector. They are private run...meaning they work for every money they get, and get no subvention from government...meaning they can make profit enough to build and maintain infrastructure.

Subsidy should have gone since 1993. By now, we would have had high fuel prices, yes, but also we won't be importing fuel.

You are thinking like a sane rational person, vast in economics. Those principles don't work in Nigeria.
No money no money, $45m is found in an apartment, no money, hundreds of millions of usd was spent on 2 presidential primaries, each delegate getting over $35k. No money as we don't produce, but just 1 civil servant chops 80b and another 45b check on YouTube for the video of this same Civil servant (Accountant general) complaining of no money to service debt!
No money "serving" gov officials paid 100m each for presidential nomination form. No money serving attorney General buys tens of Mercedes benz to share for politics.
We do not export yet bourdillion oga dashes out $50k casually as fuel money when you visit him.
Bro, you are wise but sorry to say, ignorant of how naija works.

WibusJaga:


Only a united People's Revolution will salvage this country. Nothing else.
But the big question is: Can Nigeria ever be united in purpose?

At your question, never.

nedekid:

You are thinking like a sane rational person, vast in economics. Those principles don't work in Nigeria.
No money no money, $45m is found in an apartment, no money, hundreds of millions of usd was spent on 2 presidential primaries, each delegate getting over $35k. No money as we don't produce, but just 1 civil servant chops 80b and another 45b check on YouTube for the video of this same Civil servant (Accountant general) complaining of no money to service debt!
No money "serving" gov officials paid 100m each for presidential nomination form. No money serving attorney General buys tens of Mercedes benz to share for politics.
We do not export yet bourdillion oga dashes out $50k casually as fuel money when you visit him.
Bro, you are wise but sorry to say, ignorant if how naija works.

Even then, what they loot cannot pay for subsides. The looting is making a bad situation worse.

And even then, subsidy has to go. NNPC can no longer remit money to the federation account because of rising costs. Something has to give.

And if we want to fight corruption, we have to participate in this democracy...not just vote and go home, or look for a messiah who would give us freebies...whether APC, PDP,LP or whatever.

Is the president not ashamed of this colossal failure staring at his face

What will he be proud of when leaving in less than 12months

Abeg where is GEJ, them say increase PMS price to solve import (diesel) Iyannot understanding, sb shld come nd stand

Vulturereloaded:
I laugh in Peter Obi.

2023, the choice is between Peter Obi and Bread for 3000, Diesel 3500, Dollar 2500.

Lets see how many of you Tinubu can save.

That puppet?

May it not be well with Buhari and his supporters.

And people will still for this demonic APC of a party. Naija people never see anything

Diesel wahala
Pls any body in Abuja to supply me diesel pls call
09034706238

Really

Nigeria is an exceptionally corrupt entity.

Block the leakages to bring down daily consumption back to 30-something million litres a day and push pump price of petrol to N200.
This will reduce the burden on the FG on two fronts while slightly pushing prices up for buyers. It is nothing but a new middle ground being set to cushion this calamity they are toiling with. Corruption has no holiday and the FG should act responsibly for once.

Lastly alternative sources of energy should be pursued to help replace those small generators of small business. Hair saloons, barbing saloons, business centres, pos units, etc are part of petrol uses and can be easily redirected to solar or wind energy as they work mostly during daytime. This will further drive down petrol usage per day closer to 30 million litres.

Nigeria sadly is in the hand of hopeless individual blinded by selfish interests so I doubt ideas like thee will even move them.

Read all this comments triggered me to drop a response, being the first time on This platform, I feel I should also speak the truth about something I discovered, Hausa, Fulanis, northerners are very wicked, Lazy, evil, And greedy people. They are the main problem of the this country Nigeria, And I have come to hold my grounds to be a very wicked person to them, This people you see, they are evil, with all the greed and stingy lifestyle and mentality they still remain the poorest people. As from today after reading some comments I know is from their kind, This people don't buy diesel at all, even petrol sef , apart from the okada men, even them sef , how much fuel dem dey buy? #200, #250 #100,#150 highest #500. When you don see aboki dey buy 10 litre of fuel, if no be person send am. Abi the mallams wey get pako shop , dem dey use Gen for their shop, their fridge, how many of them buy gen to power the fridge, no be ice-block powered fridge dem dey get, How many of them dey buy fuel, If you have business on Nigeria, how many times hausa man dey patronize your business, after all the love you show them by paronizing their bikes, foodstuffs, shops, and services , even to barb hair instead of paying the normal 500 for barbing, this ingrates will rather call their aboki barber to use scissor and blade and mirror to give them cut for road side, all of them go gather barb hair, but you that own a salon, they willl carry you to your salon, to and fro, they know you have a salon, but to give you their 500 is the hardest thing in this life, Same with so many other business, unless its own by their own, they are very wicked and unsupportive, jealousy, envy and hatred run in theeier blood, for from today i will stop giving northernnn beggars and disables any help. Let suffer kill them, I will even go to buy a bike just to stop patronising them, lets this hate start!!! It's all they wanted and how they planned it

Xerxes2088:

best apology would be to actively campaign for peter obi to help us out of this mess

Which Magician pick Peter for your Saviour...God must intervene or we remain with it. PDP blood runs in OBI who defected just a week to primaries.

Na this one ona dey talk say make we comot fuel subsidy abi. So that we go buy am at 1000 per litre

RepoMan007:
Nigeria is an exceptionally corrupt entity.

That is true, and it is a big problem.

Block the leakages to bring down daily consumption back to 30-something million litres a day

That is not possible because fuel costs above N300 in all our neighbours and 400 naira further afield. Here it costs N165. This ensures that there would be smuggling well well

Only way to block the leakage is

1. Close the borders (we did that, and it damaged our economy....throwing out baby with bathwater, and then came covid)

2.Build a border wall that would be manned by a million soldiers, and would be equipped with automatic SMG, that would be programmed to fire if a tanker passes through. It would be surrounded by a moat filled with spikes and mines.

3.Allow marketers set the price, which in return for high prices, would make smuggling unprofitable....since the price is now the same as the rest of West Africa

and push pump price of petrol to N200

It won't stop smuggling (see above.) Fuel still costs above N300 in Benin, Tchad, Niger, Cameroon, and Mali, Ghana, etc. Do the math.

.

This will reduce the burden on the FG on two fronts while slightly pushing prices up for buyers. It is nothing but a new middle ground being set to cushion this calamity they are toiling with. Corruption has no holiday and the FG should act responsibly for once.

It still leaves government with trillions of naira to pay for subsides. And raises very little money. Remember cost of refining one liter of fuel has risen because of rising crude oil prices.

Lastly alternative sources of energy should be pursued to help replace those small generators of small business. Hair saloons, barbing saloons, business centres, pos units, etc are part of petrol uses and can be easily redirected to solar or wind energy as they work mostly during daytime. This will further drive down petrol usage per day closer to 30 million litres

Especially solar energy. We have sun in abundance. Got to use it.

Nigeria sadly is in the hand of hopeless individual blinded by selfish interests so I doubt ideas like thee will even move them.

[/quote]

1.When the useless individuals suggest removal of subsides, Nigerians say no. So we keep on throwing away trillions that could have been used for other things...refineries included, on subsides so that NNPC does not collapse selling fuel that should cost N400 and above at N165 and below to makreteers.

2.At the end, we have to remove subsidy.


Most Nigerians admire Venezuela. They subsidsie fuel. Fuel costs N40 there. They also, as a result, have lost a lot of refining capacity, and lose 18 billion dollars yearly to smuggling. (Fuel costs above N400 in all their neighbours. Smuglging results)

Iran too has subsides, and even managed to have working refineries. And their debt makes ours look like child's play.

Make dem allow local guys dey refine this crude oil and train others into refining it like petroleum engineering graduates but no because they live on government paying their bills so e no concern them, I MISSED FELA....

openmine:
This is the same fate or even worse that will befall the price of PMS once the subsidy is removed without a conscious effort by the incompetent President to put in place buffers to alleviate the sufferings of the citizens!
Maybe that is when our citizens will realize our leaders do not mean well for us!

I have a question for those who have come out in supporting subsidy removal....what will be the fate of the economy and most especially the Nigerians that world bank predicted that more than a million will dive into poverty before the end of the year?
Is it the 5k per month proposed by the FG that will get devalued once the PMS subsidy has been reduced?

However there is no better solution to the ever increasing price of Diesel and PMS than building new refineries!

My question is what has happened to the modular refineries that the FG claimed to have built and commissioned?

The more you ask questions the more you marvel at the level of cluelessness and incompetence of this accidental administration!
Totally bereft of any idea or solution to tackle the many problems they are face...the worse part is not just about having another glorified ancestor as a presidential flagbearer who will definitely continue from where PMB stopped, its the fact that some misguided youths are even trying to market these recycled politicians as the best thing since sliced bread!

this administration is not accidental..
they also want to get rid of it..but are still conscious of the repercussions...
irrespective of this ..subsidies are not sustainable...u are depriving the industry of growth..and the cost to sustain it..keep going high..
it is better we get rid of it and use the money to fix power...buhari is borrowing loans not because he is clueless or wicked but because there is no enough revenue to fund budgets..

we spend almost over 3 trillion...dat over 6bn USD for subsidies... if we can quit subsidies..we wont have a reason to borrow much as 6bn can fund other vital sectors of the economy.. do u know we need about 14bn USD to generate atleast 10,000MW of power..
if we quit subsidies for 2 years..we can use the money to solve our power problems...

people shouting peter obi..i like to see the juju the man wants to use

Juicie2u:
Make dem allow local guys dey refine this crude oil and train others into refining it like petroleum engineering graduates but no because they live on government paying their bills so e no concern them, I MISSED FELA....

that is dangerous and not sustainable for the country..how many people want to refine 500,000 barrels of oil to meet our demands...u have absolutely no clue of what ur saying...what we need is a working refinery

subsidywise18:


Subsidising fuel means refineries cannot make enough profit to be fixed.

When government sets the price below the cost of producing one liter of fuel...and has done so for decades...despite being adviced to remove subsides...because 'Poverty'....you get bad refineries.

When refineries are not making a profit, we end up with NNPC running on government subventions, which get paid , bad or good performance....which provides opportunity for looting and corruption.

The same corruption does not happen in the GSM sector. They are private run...meaning they work for every money they get, and get no subvention from government...meaning they can make profit enough to build and maintain infrastructure.

Subsidy should have gone since 1993. By now, we would have had high fuel prices, yes, but also we won't be importing fuel.

How will fuel price be high? If we have refinery we would be be producing here locally which did not involve any foreign exchange, which was one of the really reasons why the price of diesel (with no subsidy) is as high as it is now.
Buying from abroad means, we pay for the manpower (in dollars) and the transport also. So that statement of high fuel price is not logical to me. N:B: I'm not blaming Buhari entirely, but he used refinery to campaign which made him highly guilty.

subsidywise18:


That is true, and it is a big problem.



That is not possible because fuel costs above N300 in all our neighbours and 400 naira further afield. Here it costs N165. This ensures that there would be smuggling well well

Only way to block the leakage is

1. Close the borders (we did that, and it damaged our economy....throwing out baby with bathwater, and then came covid)

2.Build a border wall that would be manned by a million soldiers, and would be equipped with automatic SMG, that would be programmed to fire if a tanker passes through. It would be surrounded by a moat filled with spikes and mines.

3.Allow marketers set the price, which in return for high prices, would make smuggling unprofitable....since the price is now the same as the rest of West Africa






It won't stop smuggling (see above.) Fuel still costs above N300 in Benin, Tchad, Niger, Cameroon, and Mali, Ghana, etc. Do the math.

.


It still leaves government with trillions of naira to pay for subsides. And raises very little money. Remember cost of refining one liter of fuel has risen because of rising crude oil prices.



Especially solar energy. We have sun in abundance. Got to use it.



1.When the useless individuals suggest removal of subsides, Nigerians say no. So we keep on throwing away trillions that could have been used for other things...refineries included, on subsides so that NNPC does not collapse selling fuel that should cost N400 and above at N165 and below to makreteers.

2.At the end, we have to remove subsidy.


Most Nigerians admire Venezuela. They subsidsie fuel. Fuel costs N40 there. They also, as a result, have lost a lot of refining capacity, and lose 18 billion dollars yearly to smuggling. (Fuel costs above N400 in all their neighbours. Smuglging results)

Iran too has subsides, and even managed to have working refineries. And their debt makes ours look like child's play.

You are making next to no sense sir.

Smuggling can be stopped but the leaders are relaxed because it is easier to trust cheap lies from customs service chief and sign a cheque for subsidy. If protests can be infiltrated, smuggling too can be infiltrated.

We can achieve 30 million litres a day of petrol.

subsidywise18:


That is true, and it is a big problem.



That is not possible because fuel costs above N300 in all our neighbours and 400 naira further afield. Here it costs N165. This ensures that there would be smuggling well well

Only way to block the leakage is

1. Close the borders (we did that, and it damaged our economy....throwing out baby with bathwater, and then came covid)

2.Build a border wall that would be manned by a million soldiers, and would be equipped with automatic SMG, that would be programmed to fire if a tanker passes through. It would be surrounded by a moat filled with spikes and mines.

3.Allow marketers set the price, which in return for high prices, would make smuggling unprofitable....since the price is now the same as the rest of West Africa






It won't stop smuggling (see above.) Fuel still costs above N300 in Benin, Tchad, Niger, Cameroon, and Mali, Ghana, etc. Do the math.

.


It still leaves government with trillions of naira to pay for subsides. And raises very little money. Remember cost of refining one liter of fuel has risen because of rising crude oil prices.



Especially solar energy. We have sun in abundance. Got to use it.



1.When the useless individuals suggest removal of subsides, Nigerians say no. So we keep on throwing away trillions that could have been used for other things...refineries included, on subsides so that NNPC does not collapse selling fuel that should cost N400 and above at N165 and below to makreteers.

2.At the end, we have to remove subsidy.


Most Nigerians admire Venezuela. They subsidsie fuel. Fuel costs N40 there. They also, as a result, have lost a lot of refining capacity, and lose 18 billion dollars yearly to smuggling. (Fuel costs above N400 in all their neighbours. Smuglging results)

Iran too has subsides, and even managed to have working refineries. And their debt makes ours look like child's play.

most nairalanders do not know anything about economics..they think buhari has anything to do with all our woos...

if i am to blaim anyone for the shit we are in ..it will be obasanjo...

obasanjo should have quickly sold the Port harcourt refinery to dangote when he wanred to buy...and not slow down the process for the incompetent fool called yar adua to terminate it..
if dangote bought that refinery..the man would completed repairs and expanded it long before buhari came into power and we wont be importing petrol today...they fustrated his effort dat he had to rethink of another way..
helped..today the country is at his mercy to finish his refinery
when he brought the idea of building a refinery..some state governors delayed and fustrated him by not giving him lands...until lagos state
everything boils down to the fact we cant refine crude..
until dangote complete his refinery and NNPC complete the rehabilation process at port harcourt refinery...there is absolutely nothing even peter obi can do

God will help us!

sms4sure:
I love APC deep down but BUHARI is clueless.

Why not keep silent instead of commenting? Stop deceiving your soul coz you know Buhari = APC.