It is no longer news that Nigeria's downstream petroleum sector has been deregulated and fuel subsidy removed. As a result of this, we have seen the devastating effect on our economy with astronomical rise in prices of food, transport and services. The economy has nose-dived and Nigerians are now at the mercy of "Market Forces" influenced by corrupt oil marketers and their cronies responsible for importing petroleum products into the country. It is also no longer news that more and more Nigerians are giving up and are desperately seeking to relocate to other countries as a means of escape. To them, Nigeria is dead and there is no hope of redemption as the economy continues to take a negative turn.

It is imperative to note that before the 2023 presidential election I was amazed to see many Nigerians trooping out to support APC after Buhari's hellish 8 year rule. I warned these people jubilating and supporting Tinubu and continuation of APC's evil government about the consequences that they will regret. We saw how these evil ruling APC party and it's politicians unleashed a tribal propaganda that engulfed the nation and divided Nigerians against each other (Especially Yoruba Vs Igbo). Instead of seeking to ensure that we elect leaders based on a merit system, we ended up fighting each other over tribal sentiments to the point that even this online forum "Nairaland" was not spared as it has been weaponised to continue the carnage.

With all said and done, Tinubu's APC "won" (Rigged) the presidential election and today live has literally now become unbearable for many Nigerians. Tinubu's draconian approach to governance and his brutal action of removing fuel subsidy was a major turning point and central to the current hardship experienced by many. The fact that maintaining fuel subsidy was costly is one thing but removing it without any palliative measures was callous by Tinubu. This action should be a clear indicator to any reasonable person that Tinubu has no regards for Nigerians. It is important to note that government policies should not always be based on political expediency especially when it comes to delicate issues like fuel subsidy which is central to the economy and seem to be the only thing Nigerians enjoyed from government.

Now that subsidy has been removed, what is the way forward as Nigeria's economy is on a rapid decline on all indices. I believe that now is the time to declare a state of emergency on local refining of petrol! If we must salvage Nigeria's economy then Nigerians must canvass for the immediate setup and activation of modular refineries across the 36 states of the federation. You may ask what is a modular refinary? A modular refinery is a simplified refinery requiring significantly less capital investment than traditional full-scale refinery facilities. These are small capacity refineries that can produce diesel, kerosene and petrol in moderate quantities. Nigeria's economy can not survive on it's current path of importing petroleum products. With subsidy removed, the government has only succeeded in passing the cost of importation to the Nigerian people and this is callous, evil and shows how irresponsible Tinubu's government is. Let the Nigerian people, labour unions and pressure groups as a matter of urgency begin the campaign to pressurise the government to come up with policies and programs that will foster the immediate setup of modular refineries to avert the imminent collapse of Nigeria's economy. If nothing is done to stop the current trend, petrol will sell for N1000 per litre before the end of this year!

Now that some millions of litres have arrived to the country, free for all from the marketers would fall the price. It's just a matter of time .

Is the N600 fuel price high? Of course yes it's high

Can Nigerians afford it? Of course yes, that's only if we stop wasting money on parties, religion and unnecessary things.

What kind of comment is this? Hellinues you are proud that million of litres of petrol was imported and how is it "Free for all marketers..."?

You said "Can Nigerians afford it? Of course yes, that's only if we stop wasting money on parties, religion and unnecessary things." what a pathetic statement.... Wow

helinues:
Now that some millions of litres have arrived to the country, free for all from the marketers would fall the price. It's just a matter of time .

Is the N600 fuel price high? Of course yes it's high

Can Nigerians afford it? Of course yes, that's only if we stop wasting money on parties, religion and unnecessary things.

Bebigiby1:
What kind of comment is this? Hellinues you are proud that million of litres of petrol was imported and how is it "Free for all marketers..."?

You said "Can Nigerians afford it? Of course yes, that's only if we stop wasting money on parties, religion and unnecessary things." what a pathetic statement.... Wow

If only you know how hateful some things on nairaland are, you will shudder.

Bebigiby1:
What kind of comment is this? Hellinues you are proud that million of litres of petrol was imported and how is it "Free for all marketers..."?

You said "Can Nigerians afford it? Of course yes, that's only if we stop wasting money on parties, religion and unnecessary things." what a pathetic statement.... Wow

That's the bitter truth reasonable number of Nigerians don't want to hear.

We work mostly to have money to pay our bills and do projects, do we make that money yes we do, depends on level, but do we have value for what we spend most of the money on?

On average of one church/mosque is erected daily in Nigeria yet the rate of crime is increasing, abeg who have they been preaching to?

Some ijiots above are trying to remove my freedom from partying and sacrifice it on high fuel cost so they can stel the masses blind and build more empires in Dubai and the western world.

Africa is cursed.

The criminal above talking about having value for people's sweat or stealing my sweat through high fuel costs, how did buharri add value to your life after suffering Nigerians for 8 years.

Suffer no dey tire some people o

What Nigerians spend their money on doesn't affect the price of fuel as fuel is an imported product which can be produced locally. In my post I advocated for the immediate establishment of modular refineries as a way to combat the current economic situation in the country. Modular refinery is the fastest and easiest option requiring less capital to reduce Nigeria's dependence on importation and combat unemployment. I understand that the point you're trying to make which is that if Nigerians cut down on spending they can afford N600 per litre fuel but Nigerians are not supposed to buy fuel at over N600 per litre in the first place if Buhari's government did the right thing by fixing or building new refineries within the last 8 years. It's unfortunate that APC government succeeded in further destroying Nigeria's economy. I hope that the presidential election tribunal will do the needful and rewrite the wrong made by INEC's Mahmood. Nigeria's economy can not afford another 4 years of this disastrous APC party and Tinubu as president....

helinues:


That's the bitter truth reasonable number of Nigerians don't want to hear.

We work mostly to have money to pay our bills and do projects, do we make that money yes we do, depends on level, but do we have value for what we spend most of the money on?

On average of one church/mosque is erected daily in Nigeria yet the rate of crime is increasing, abeg who have they been preaching to?