No real reformer in the world has ever called himself a “reformer”. It’s history that gives that title to a leader after he or she has truly reformed their society. Here, we have a bumbling and out of touch person preemptively and prematurely arrogating the title to himself. Ridiculous 🤬!
If Tinubu's a reformer, then I'll be the 'DO'. He's nothing to show that he's done, but what others did. He can show forged school certificate, degree certificate, birth certificate and stolen election mandate.
@@SanusiAbubakar-yp2wi is it not the same thing that is happening now. NNPC sold crude oil to Dangote and take petroleum back from it and Jack up price from 600 to 900. It is always the government that allowed the nonsense for the selfish interest of those in government. Majority of looters that looted Nigeria have shares with Dangote Group and they will keep selling at any amount they like.
Seun observation the screen says "I am a Performer" and you are reporting "I am a reformer" two different statements. Nigerian must not build hopes unnecessarily on Dangote refinery as far as pricing is concern bearing in mind that the deregulation of the oil industry in Nigeria allow marketers to import and export petroleum product, this means they can competed against each other, Dangote refinery and NNPC. What Nigerians must get into their heads is first Dangote refinery is not owned by the government and neither is set up as a non-profit entity. Secondly, the refinery will not be selling directly to the consumers but the retailers who are equally in business to make profit. Therefore, the pricing issue is strictly between the retailer and Dangote refinery and how much the product cost at the pump cannot be control by the refinery but the retailers. If Dangote extend any form of discount to the retailer it will be up to the retailers to extend same to the consumer. Very simple explanations all market women and farmers across the country do not sell their products at the same prices. The retailers of petrol based on costs involved such as transportation should be able to determine the pump prices at their location. A complete ignorance of Dangote refinery role in Nigeria will only frustrate those are without knowledge of the industry. The subsidies governments provide across the world is usually not direct to the consumers but to the major players direct inform of tax breaks and any other fess charged for operating business. In the case of Nigeria the subsidy was going directly to the marketers who supposedly were suppose to pass it on to the consumer. As big as the Dangote Refinery is, it will receive incentives and tax breaks for their role in the petroleum industry in Nigeria so also are major industries in Nigeria that create employment in the country. For example the government subsidize farmers with fertilizers and agricultural equipment which are not direct to the consumers. This is the way subsides run across the world. Point of correction to the guest' comments about countries that the government oil corporations are state owned, the USA Government does not own any refinery or oil corporations but does play a role in oil and gas industry in other ways.
Nigeria youth don't need a youth, empower the youth, support them, indefinite youths from every region that you can support in various industries, such Agriculture, technology, supply chain, innovative etc. And monitor them and give them global channel too.
Who will sale imported and who sells local? Those in charge of imported will suffocate the Dangote product or fake the imported or corrupt both to control the market. It's a criminal organization and citizens suffer it
I think the presence of the Dangote refinery and the plain facts that their’s could be transparently reported, operation-wise; this could trigger sector deregulation. And a working methodology for subsidy. We can ensure cheaper fuel for our citizens, in a way where neighboring countries’ purchase subsidizes ours.
The Government should employ more youth to Custom and Immigration, and also integrate Technology in surveilling the Borders. This is not a rocket science situation to fix, don't shift incompetency to the masses
The best revenge to those that hate the IGBOS is our collective successes and our good intentions/hard work. IGBOS do not have to say anything to the haters. IGBOS do not have to acknowledge them all. IGBOS, wake up every morning and be the best that you can be and that then will shut them up!
Someone finally said it! Fuel subsidy is not the problem, how we implement fuel subsidy is the problem. The corruption and insecurity in the petroleum distribution system is the bigger problem. The majority of Nigerian do not have to suffer for that. It's the government's failure to protect it's resources. The government is not willing to do the hard job of securing it's energy resources and flushing the corruption in the distribution system so a performative alternative that echoes an ignorant rhetoric is what its has implemented - "Remove fuel subsidy". Nigerians will take it with their back on the ground anyway so I don't blame them. I am particularly disappointed in the "elites" that keep cheering on this rhetoric in the media without critical analysis. Well, here we are - still stuck. Diezani started talking about the cabal and it ended there. Who are the CABAL? who are those smuggling Nigeria's oil? We conveniently avoid this perspective in the subsidy conversation. The scales will never balance without these answers. Kudos to Dangote for trying.
I believe that when government refineries are fully put into production, the cost of PMS etc will reduce drastically including that of Dangote. And there will be healthy price competitions if they all buy crude oil in Naira and sell products in Naira.
Congratulations to Oga Dangote for his works and Congratulations to all Nigerians for the good news.Nigerians may now have a sigh of relief perhaps fuel pump prices may drastically reduced to level of the poor masses in Nigeria today
Subsidise power/electricity, not fuel price. Simple reason being that fuel subsidy can be easily abused (e.g. diverting supply to neighbouring countries), while not quite the same for electricity. It's difficult to "divert". This way, subsidy is less costly for the government and so easier to implement.
Dear Analyst, go check the details of the western state subsidies. It's not handling cash to producers or importers of products. It's more of tax breaks and relief for individuals to install renewable energy. Not the way we do it in Nigeria.
Who's the Mr man you are referring to? Is dangote you are requesting to build CNG plant? What stops you from building something also for Nigerians to use. Why are you calling dangote and not tinubu or Nigerian govt
@@olayinkaadeleye3134 Yes, he has done his bit. Our attitude towards him surviving will signal if other Nigerians and foreign investors will have confidence to invest like this in Nigeria. I think I interpreted your initial statement wrongly.
Seun, Is your Guest today saying Dangote shd sell pms at international price rather than ex - Lagos price. Knowing fully dat nothing was exported or imported by him .
Nigeria is a joke if a citizen can build a crude oil rifenary while that person can be given the power to manage the state own rifenary for the benefit of its citizen 😢😅
Now that Nigerian are happy Dangote refinery will cut down the price of pms to less than what is selling at the Market, NNPC went ahead to increase the price so that Nigerian will beg for the pms to continue selling at 617 naira. What a shame
Seun, you have forgotten tge PIA, that 450,000 barrels daily consumption be given to Dangote to refine.The cost of PMS, AGO, and kerosene will be reduced. By not factoring the 450,000 barrels crude oils daily consumption into pricing you're are distorting the price. We have provisions for local consumption in the PIA. Therefore we are not buying the product in dollars, the cost of refining crude should not reflects international pricing.
The UK for example adds taxes to the cost of petrol of about 60%! So motorists are paying even far above the normal pump price because of taxes yet a man is confidently saying on national TV that the UK is subsidising petroleum products 😂
And did you ask they subsidies renewable energy.did you try to understand what he is saying that every government subsidies different energy that is perculiar to their economy or what they are trying to achieve.
How can someone come on national TV and speak authoritatively about a subject they know nothing about? US Govt is subsidising petrol? That's laughable because the cost of petrol in the US varies from petrol station to petrol station, even stations next to each other or opposite each other display different prices. And if crude oil goes up the cost of petrol goes up and if crude oil goes down the cost of petrol goes down! This can't happen in a subsidy regime!
Don't be ignorant. In 2022, fossil fuel subsidies in the United States totalled $757 billion, according to the International Monetary Fund. Subsidy is not the same as price fixing or price uniformity. It simply means the price can't rise above a certain threshold. A benchmark the guest speaker called "affordability threshold."
If Tinubu's a reformer, then I'll be the 'DO'. He's nothing to show that he's done, but what others did. He can show forged school certificate, degree certificate, birth certificate and stolen election mandate.
What is the wisdom in producing crude and selling to local in dollars? Wise countries subsidize local production and tightens the boundary to make sure policies are not eroded.
NNPC that cannot manage their own refinery, is now scheming to be sole distributor of the products of a visionary and astute business man like Dangote! If Dangote wants to reap the fruits of this his investment, he must completely purge his distribution network of all NNPC affiliations and the Nigerian Government agents!
Now WE know that buhari is wiser than tinubu, hausa/fulani people are very wise! buhari that left that subsidy for 8 years throughout His Regime was Not stupid! Shebi WE Want yoruba man to rule Nigeria! Una Go hear Wii for dat country!
Please you can have comparative advantage of a resource and also subsidy that resource. That is why international financial organizations want Nigeria to remove the subsidy reengineer the costing template and come up with a reasonable pricing template that can be productive to the economy not destructive as is the case right now. Fuel subsidy regime in Nigeria is a scam and drain to economic growth 😂😂😂😂
Please, you would have invited the minister to speak why Nigeria oil are smuggled out of Nigeria and avoid paying duties or evade enforcement laws. Ask the right questions or repeat what he is talking about rather than defending the president. Call the minister for oil to face the nation.
Until our porous borders are totally re - organized with proper orientation,i doubt if people saddled with responsibilities and nnpc people know the ripple effects and damages they doing to the economy..we need total sincerity at all levels including the govt.
But what do you do when your subsidy is not achieving the main purpose and getting to people intended. Eventually being hijacked by middle men or cabal?
What verifiable antecedent. Antecedence I can verify from here that corrupt politicians under your watch are not punished. Everything loop sided along the lines of political antecedence. Please spare Nigerians and don't make up look foolish in the eyes of your hosts because in their country it is the death penalty for corruption. Imbibe that here in Nigeria and they'll take you seriously.
The speaker spoke well but went way far off the mark when he said the govt returned to paying subsidy august lastyear.hell no it is August this year.the international pricing of. crude oil has not increased.
At the end of the day government needs to either subsidise by selling crude a little cheaper to dangote as way of subsidy since they don't have the money to subsidise. 855 per litre is expensive for a comon man oh. In other countries government finds a way of subsidising transportation by either giving token or something. They just need to find a way of doing this thing abeg person done tire for this country
This man knows nothing about energy pricing globally. There's no developed nation that subsidises petrol prices. Petroleum products are sold at market determined prices in the US, UK, Canada, Germany etc. But Govt pays to poorer households some stipends to cope with cost of living. Has this man travelled to anywhere in the world?
This man is chatting absolute nonsense with confidence. There is no subsidy anywhere in Europe on fuel including the UK where I have lived for 25yrs. In actual fact, there is a tax called FUEL DUTY on every litre of fuel we buy in the UK or US or Europe.
Don't be ignorant. In 2022, fossil fuel subsidies in the United States totalled $757 billion, according to the International Monetary Fund. Subsidy does rule out fosil fuel taxes. Subsidy simply means the price can't rise above a certain threshold. A benchmark the guest speaker called "affordability threshold." You're not charged the foil fuel tax in every UK city - it's in effect in less than 10% of the country, such as London.
We were in the dark of who are really distorting Nigeria , to my understanding the man who was in your studio today could be seen as one among the enemies of Nigeria because he seems to be among the beneficiary of these subsidies, reading him from all he is saying .
These commentators are very deceptive. When you talk of landing cost there are many factors responsible for the high cost. When you know how much tankers charge per day to carry products from where ever it is imported from. Those large quantity tanker vessels that can carry 5 million litres of product can charge between $50,000 to $70,000 per day and calculate how many days it will take, at least you are talking about 2 weeks add custom clearance to that cost before it gets to the depots. So why will petrol produced in our backyard from receiving the crude to the production is done within Nigerian territorial waterways. Why will landing cost be contemplated before fixing a fair price. Freight cost alone to bring imported products will gulp over 40% and if this percentage is eliminated by having this product produced in Nigeria i see why we should not buy product at the pump below N500 a litre. People should stop deceiving people.
The best revenge to those that hate the IGBOS is our collective successes and our good intentions/hard work. IGBOS do not have to say anything to the haters. IGBOS do not have to acknowledge them at all. IGBOS, wake up every morning and be the best that you can be and that then will shut them up!
![[Part 1] ทารกน้อยถูกทิ้ง👶 หญิงชราเก็บขวดขายเลี้ยงดูเขาจนโต #โลกการละคร](http://i.ytimg.com/vi/nPTDvFCExks/mqdefault.jpg)
Congratulations Dangote & Nigeria 🎈🎈🎈
congratulations for what?
Mr Dangote kept his word. Kudos 👏 💐 🎉🎉🎉🎉🎉🎉. Gas prices should go down now.
For the people!
Chai!!!!!!!
This man has REALLY GIVEN SERIOUS LIGHT into this subsidy issue! He is absolutely right! 🎉
No real reformer in the world has ever called himself a “reformer”. It’s history that gives that title to a leader after he or she has truly reformed their society. Here, we have a bumbling and out of touch person preemptively and prematurely arrogating the title to himself. Ridiculous 🤬!
If Tinubu's a reformer, then I'll be the 'DO'. He's nothing to show that he's done, but what others did. He can show forged school certificate, degree certificate, birth certificate and stolen election mandate.
Thanks so much sir 🎉🎉❤❤
I love Mr. Dahiru key points, government is falling at its duties
Stop hyping Tinubu. He's no reformer rather he's a complete liar and a big destroyer of this great country Nigeria
Ll❤
Who is good ?
@@SaraphineAnamahyour father
@@SaraphineAnamah for Nigerians to now come out to praise Sani Abacha that means that Tinubu has done the unimaginable
My evening best channel. more winning
Is channel tv on weed today your title says performer and the host says reformer
We hope it will not be like Dangote Cement that is very costly in Nigeria but cheap in Ghana.
Cost of thing's,you are to ask your government that allowed it to happen.
@@SanusiAbubakar-yp2wi is it not the same thing that is happening now. NNPC sold crude oil to Dangote and take petroleum back from it and Jack up price from 600 to 900. It is always the government that allowed the nonsense for the selfish interest of those in government. Majority of looters that looted Nigeria have shares with Dangote Group and they will keep selling at any amount they like.
Seun observation the screen says "I am a Performer" and you are reporting "I am a reformer" two different statements. Nigerian must not build hopes unnecessarily on Dangote refinery as far as pricing is concern bearing in mind that the deregulation of the oil industry in Nigeria allow marketers to import and export petroleum product, this means they can competed against each other, Dangote refinery and NNPC. What Nigerians must get into their heads is first Dangote refinery is not owned by the government and neither is set up as a non-profit entity. Secondly, the refinery will not be selling directly to the consumers but the retailers who are equally in business to make profit. Therefore, the pricing issue is strictly between the retailer and Dangote refinery and how much the product cost at the pump cannot be control by the refinery but the retailers. If Dangote extend any form of discount to the retailer it will be up to the retailers to extend same to the consumer. Very simple explanations all market women and farmers across the country do not sell their products at the same prices. The retailers of petrol based on costs involved such as transportation should be able to determine the pump prices at their location. A complete ignorance of Dangote refinery role in Nigeria will only frustrate those are without knowledge of the industry. The subsidies governments provide across the world is usually not direct to the consumers but to the major players direct inform of tax breaks and any other fess charged for operating business. In the case of Nigeria the subsidy was going directly to the marketers who supposedly were suppose to pass it on to the consumer. As big as the Dangote Refinery is, it will receive incentives and tax breaks for their role in the petroleum industry in Nigeria so also are major industries in Nigeria that create employment in the country. For example the government subsidize farmers with fertilizers and agricultural equipment which are not direct to the consumers. This is the way subsides run across the world. Point of correction to the guest' comments about countries that the government oil corporations are state owned, the USA Government does not own any refinery or oil corporations but does play a role in oil and gas industry in other ways.
Intelligent conversation
Nigeria youth don't need a youth, empower the youth, support them, indefinite youths from every region that you can support in various industries, such Agriculture, technology, supply chain, innovative etc. And monitor them and give them global channel too.
So after payment of NNPCL debts then prices should drop.
I agree to removal of subsidy on "imported" fuel but I also agree to subsidising of dangote refine products and products from other local refineries.
Who will sale imported and who sells local? Those in charge of imported will suffocate the Dangote product or fake the imported or corrupt both to control the market. It's a criminal organization and citizens suffer it
I agree, we should subsidize production not consumption. Subsiding consumption is literally exporting jobs to other countries
I think the presence of the Dangote refinery and the plain facts that their’s could be transparently reported, operation-wise; this could trigger sector deregulation. And a working methodology for subsidy.
We can ensure cheaper fuel for our citizens, in a way where neighboring countries’ purchase subsidizes ours.
Where will the money for the subsidy come from?
Where do you get the funding to pay for the subsidy in Nigeria?
Kudos to Alhaji Dangote. Where are those issued Refinery Licences during Babangida's regime?
Before Nigeria can have stability in oil sector NNPC board has to be sacked and new one constituted with patriotic mandate.
In US, it's subsidized in tax exemption etc.
Nigeria economy can make you gary hari at age of 25 years
The Government should employ more youth to Custom and Immigration, and also integrate Technology in surveilling the Borders. This is not a rocket science situation to fix, don't shift incompetency to the masses
When ever I see tinubu I get scared, that he might fall, I also feel ashamed that he might f...up anytime, God help him please
Why? When as he f up'd before?
Mr seun The exact palki of Nigeria may God bless you
The best revenge to those that hate the IGBOS is our collective successes and our good intentions/hard work.
IGBOS do not have to say anything to the haters.
IGBOS do not have to acknowledge them all.
IGBOS, wake up every morning and be the best that you can be and that then will shut them up!
❤ Watching from Ghana as a NIGERIAN. WANT TO KNOW WHAT'S HAPPENING IN MY COUNNTRY OH...
❤
Seun, what is the cost implications of Dangote buying crude oil from NNPCL in Naira and Kobo ?
Someone finally said it! Fuel subsidy is not the problem, how we implement fuel subsidy is the problem. The corruption and insecurity in the petroleum distribution system is the bigger problem. The majority of Nigerian do not have to suffer for that. It's the government's failure to protect it's resources. The government is not willing to do the hard job of securing it's energy resources and flushing the corruption in the distribution system so a performative alternative that echoes an ignorant rhetoric is what its has implemented - "Remove fuel subsidy". Nigerians will take it with their back on the ground anyway so I don't blame them. I am particularly disappointed in the "elites" that keep cheering on this rhetoric in the media without critical analysis. Well, here we are - still stuck. Diezani started talking about the cabal and it ended there. Who are the CABAL? who are those smuggling Nigeria's oil? We conveniently avoid this perspective in the subsidy conversation. The scales will never balance without these answers. Kudos to Dangote for trying.
I believe that when government refineries are fully put into production, the cost of PMS etc will reduce drastically including that of Dangote. And there will be healthy price competitions if they all buy crude oil in Naira and sell products in Naira.
Congratulations to Oga Dangote for his works and Congratulations to all Nigerians for the good news.Nigerians may now have a sigh of relief perhaps fuel pump prices may drastically reduced to level of the poor masses in Nigeria today
Hmmm. Not sure about the drastic reduction of pump price, NNPCL will determine the price of the product.
Refinery? Just one person can build it but the whole country can not hmmm now Nigeria is the beginning fear and cruise 😂😂😂😂
Will he be able to maintain it in the coming years. Maintenance killed our refineries.
Subsidise power/electricity, not fuel price. Simple reason being that fuel subsidy can be easily abused (e.g. diverting supply to neighbouring countries), while not quite the same for electricity. It's difficult to "divert". This way, subsidy is less costly for the government and so easier to implement.
Olodo is a reformer.
Dear Analyst, go check the details of the western state subsidies. It's not handling cash to producers or importers of products. It's more of tax breaks and relief for individuals to install renewable energy. Not the way we do it in Nigeria.
Mr man - we can start using gas. PMS is not the only source of energy. Build the CNG infrastructure and use as alternative to PMS.
Who's the Mr man you are referring to? Is dangote you are requesting to build CNG plant? What stops you from building something also for Nigerians to use. Why are you calling dangote and not tinubu or Nigerian govt
@@oluwafemilebi Dangote has done his bit. The Minister of Petroleum Resources needs to lay out the plan for CNG development and implementation.
@@olayinkaadeleye3134 Yes, he has done his bit. Our attitude towards him surviving will signal if other Nigerians and foreign investors will have confidence to invest like this in Nigeria.
I think I interpreted your initial statement wrongly.
Hay hay 📡📡
Youth House ?
Ohh, APC who bewitched thou ?
Seun, Is your Guest today saying Dangote shd sell pms at international price rather than ex - Lagos price. Knowing fully dat nothing was exported or imported by him .
Why should we subsidize what we have in abundance?
What burden is NNPC talking about. Leave the burden to the Dangote to bear. Why fix the price for Dangote?
Nigeria is a joke if a citizen can build a crude oil rifenary while that person can be given the power to manage the state own rifenary for the benefit of its citizen 😢😅
Now that Nigerian are happy Dangote refinery will cut down the price of pms to less than what is selling at the Market, NNPC went ahead to increase the price so that Nigerian will beg for the pms to continue selling at 617 naira. What a shame
Is only a feel will believe in Nigeria. Nothing good come from our off Nigeria. See what is going on now.
Nigerians , get to pay N1000/ litre .
We can only be sure of stable supply .
Dangote is no father chrismas.
Seun, you have forgotten tge PIA, that 450,000 barrels daily consumption be given to Dangote to refine.The cost of PMS, AGO, and kerosene will be reduced. By not factoring the 450,000 barrels crude oils daily consumption into pricing you're are distorting the price. We have provisions for local consumption in the PIA. Therefore we are not buying the product in dollars, the cost of refining crude should not reflects international pricing.
I know this country
The UK for example adds taxes to the cost of petrol of about 60%! So motorists are paying even far above the normal pump price because of taxes yet a man is confidently saying on national TV that the UK is subsidising petroleum products 😂
And did you ask they subsidies renewable energy.did you try to understand what he is saying that every government subsidies different energy that is perculiar to their economy or what they are trying to achieve.
How can someone come on national TV and speak authoritatively about a subject they know nothing about? US Govt is subsidising petrol? That's laughable because the cost of petrol in the US varies from petrol station to petrol station, even stations next to each other or opposite each other display different prices. And if crude oil goes up the cost of petrol goes up and if crude oil goes down the cost of petrol goes down! This can't happen in a subsidy regime!
Don't be ignorant. In 2022, fossil fuel subsidies in the United States totalled $757 billion, according to the International Monetary Fund. Subsidy is not the same as price fixing or price uniformity. It simply means the price can't rise above a certain threshold. A benchmark the guest speaker called "affordability threshold."
Nigeria police don't play with UK ooo... Hmmm
If Tinubu's a reformer, then I'll be the 'DO'. He's nothing to show that he's done, but what others did. He can show forged school certificate, degree certificate, birth certificate and stolen election mandate.
What is the wisdom in producing crude and selling to local in dollars? Wise countries subsidize local production and tightens the boundary to make sure policies are not eroded.
NNPC that cannot manage their own refinery, is now scheming to be sole distributor of the products of a visionary and astute business man like Dangote!
If Dangote wants to reap the fruits of this his investment, he must completely purge his distribution network of all NNPC affiliations and the Nigerian Government agents!
Now WE know that buhari is wiser than tinubu, hausa/fulani people are very wise! buhari that left that subsidy for 8 years throughout His Regime was Not stupid! Shebi WE Want yoruba man to rule Nigeria! Una Go hear Wii for dat country!
Please you can have comparative advantage of a resource and also subsidy that resource. That is why international financial organizations want Nigeria to remove the subsidy reengineer the costing template and come up with a reasonable pricing template that can be productive to the economy not destructive as is the case right now. Fuel subsidy regime in Nigeria is a scam and drain to economic growth 😂😂😂😂
FGN civil service cannot manage anything. Our refineries are as good as NITEL.
I love you Mr SHEUN I wish our leaders can love this country like you do ..wish you long life with prosperity
Please, you would have invited the minister to speak why
Nigeria oil are smuggled out of Nigeria and avoid paying duties or evade enforcement laws. Ask the right questions or repeat what he is talking about rather than defending the president. Call the minister for oil to face the nation.
Until our porous borders are totally re - organized with proper orientation,i doubt if people saddled with responsibilities and nnpc people know the ripple effects and damages they doing to the economy..we need total sincerity at all levels including the govt.
Reformer or Destroyer ?
But what do you do when your subsidy is not achieving the main purpose and getting to people intended. Eventually being hijacked by middle men or cabal?
What did the mumu Tinubu reform? A man who could not stand a simple protest 😅
He is a reformer, laughable
He has gone to borrow money he will share among his cohorts
Food is subsidise in Nigeria through government intervention by the ministry of agriculture and CBN.
What verifiable antecedent. Antecedence I can verify from here that corrupt politicians under your watch are not punished. Everything loop sided along the lines of political antecedence. Please spare Nigerians and don't make up look foolish in the eyes of your hosts because in their country it is the death penalty for corruption. Imbibe that here in Nigeria and they'll take you seriously.
Seun is becoming unprofessional. Always allow your guest to always speak out their minds
When a 🦎 lizard falls off from a tree and can not see anyone to praise him, he starts to nord his head, why praise yourself ?
The speaker spoke well but went way far off the mark when he said the govt returned to paying subsidy august lastyear.hell no it is August this year.the international pricing of. crude oil has not increased.
Tinubu has been paying subsidy since last year.
Else, you should have been buying from NNPC at more than 1000/ Litre.
Oga Nigeria is not really making sense
At the end of the day government needs to either subsidise by selling crude a little cheaper to dangote as way of subsidy since they don't have the money to subsidise.
855 per litre is expensive for a comon man oh. In other countries government finds a way of subsidising transportation by either giving token or something. They just need to find a way of doing this thing abeg person done tire for this country
all of a sudden it is now NNPC is aware of its debts, just as Dangote begins refining fuel....how convenient.
# 800
I wish we had a better president with all these developments. Tinubu IS NOT the right person to move us forward.
Lol no you just wanted Obi.
All this plenty talks.... So how much will we be buying it?
Tinubu police 😂
This guy doesnt wants to answer your question. wuna don poor sand sand in their gari. No subsidy it means them out of the business
This man knows nothing about energy pricing globally. There's no developed nation that subsidises petrol prices. Petroleum products are sold at market determined prices in the US, UK, Canada, Germany etc. But Govt pays to poorer households some stipends to cope with cost of living. Has this man travelled to anywhere in the world?
Tinubu is a reformer to his own family pockets; A thief, a puppet and a shameless beggar.
Hahaha
😂
This man is chatting absolute nonsense with confidence. There is no subsidy anywhere in Europe on fuel including the UK where I have lived for 25yrs. In actual fact, there is a tax called FUEL DUTY on every litre of fuel we buy in the UK or US or Europe.
Don't be ignorant. In 2022, fossil fuel subsidies in the United States totalled $757 billion, according to the International Monetary Fund. Subsidy does rule out fosil fuel taxes. Subsidy simply means the price can't rise above a certain threshold. A benchmark the guest speaker called "affordability threshold." You're not charged the foil fuel tax in every UK city - it's in effect in less than 10% of the country, such as London.
You need to read more for better education on this.
Who made tinubu performer?-himself.He is living in self delusion
All the commentators are not correct.They lack in-depth knowledge of the topic they are taking about. They make no nonsense
We were in the dark of who are really distorting Nigeria , to my understanding the man who was in your studio today could be seen as one among the enemies of Nigeria because he seems to be among the beneficiary of these subsidies, reading him from all he is saying .
Beautiful and well-delivered argument. Where are the brains? Seun, stop talking over your guests. You do this all the time.
These commentators are very deceptive. When you talk of landing cost there are many factors responsible for the high cost. When you know how much tankers charge per day to carry products from where ever it is imported from. Those large quantity tanker vessels that can carry 5 million litres of product can charge between $50,000 to $70,000 per day and calculate how many days it will take, at least you are talking about 2 weeks add custom clearance to that cost before it gets to the depots. So why will petrol produced in our backyard from receiving the crude to the production is done within Nigerian territorial waterways. Why will landing cost be contemplated before fixing a fair price. Freight cost alone to bring imported products will gulp over 40% and if this percentage is eliminated by having this product produced in Nigeria i see why we should not buy product at the pump below N500 a litre. People should stop deceiving people.
The best revenge to those that hate the IGBOS is our collective successes and our good intentions/hard work.
IGBOS do not have to say anything to the haters.
IGBOS do not have to acknowledge them at all.
IGBOS, wake up every morning and be the best that you can be and that then will shut them up!