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What about the courage to build new refineries in oil producing areas & not in kastina state?
Its painful but it is the right thing to do.
Well done! About time. Let’s get on with it!
Mr. Garba Shehu. What you have written makes absolutely no sense. None. Whatsoever. I will take time to break it down for you:1) In economics, there are two very basic,simple variables - Demand and Supply.2). Those two variables impact a third, known as Price.3). Nigeria has supply - Crude (refined oil).4). Nigeria has demand (even though currently weakened) as a result of COVID-19.5). When a product has supply issues what you do is address those - Refineries; marketing stations, Pipeline Infrastructure, Maintenance. Go and read up on basic economics.6). When there is a Demand issue, the price of a product drops. In simple terms, consumers are not demanding as before.
Now if (as in Nigeria's case ) there is supply but weakened demand why is the price of PMS going up? What sense does that make to you?Nigeria has no accountable government. Simple!
My dear Lanre, don't let us allow sentiments to becloud our judgment on this issue of subsidy.Your hypothesis on demand and supply can only operate where the Federal government is the seller of the product/services involved.A private investor cannot buy PMS at N150 and sell it below that. Asking him to do so can only mean either that we are going to give him subsidy or we are saying he should close shop.If the Niger Deltans, both the big guns and the militants had allowed the refineries to function without disruptions caused over the years, even foreigners would have filled the region with numerous refineries.The region must change its hostile approach to investors in the oil and gas sector or we shall continue to rely on product importation with its concomitant high price.If you like, remove Buhari and bring the dreamer-in-chief Sowore, sooner or later subsidy must go. And lastly, there is no good time for its removal. I am affected so badly myself, but like an aching tooth, the earlier it is removed, the better. Respect.
Screw all the crap...WHY IS NIGERIA IMPORTING FUEL .. DOESN'T THAT CONCERN YOU IN YEAR 2020... INSTEAD U'RE BUSY ARGUING AND PRAISING THE DUMMY FOR DEREGULATION...FOR YOUR INFO ITS STILL "PARTIAL" DEREGULATION...UNA GO S U F F E R!
The timing was wrong
What is the right time to remove an aching tooth?To keep waiting? Till when...?
The Covid-19 pandemic affected individuals, public and private sectors, people are just finding their bearing to readjust their lifestyle. Increasing fuel price is not timely
I saw your point sir. Valid, yes. But it is unkind to accuse the FG of "increasing fuel price".I commend Buhari for his courage in coming out with a regulatory agency to tell Nigerians that "see o, these marketers have bought fuel at so and so price, they have no reason to mark it up beyond so and so". This is what some Nigerians are seeing as increasing the price.Any leader with the right motive for Nigeria's greatness must follow the cause of deregulation, that is an inescapable fact.
Sir ! What about courage to remove non performing security chiefs , the courage to cut cost of governance and dirty appointees stealing the country's resources dry? Billion of naira on budget to fight insurgency with zero result? I think all of these "courages" are far more pressing to show sincerity of purpose rather than taking advantage of the masses whenever politician's pump and share oil money is not flowing to circulate among you guys. This is what they call "insensitive government to bad gan.". Mr BooBoo, three years to go, we will manage.