NewStats: 3,263,814 , 8,181,484 topics. Date: Sunday, 08 June 2025 at 04:18 AM 204f6e

jhydebaba:
Petro is not expensive in Nigeria but it could be cheaper based on the fact that we have crude oil and refine locally now.

this is the only sensible comment on this post..

Those asking if we earn same as other countries don't even know that Nigeria has one of the highest purchasing power in West Africa yet has the cheapest fuel.

Lithiumite:


Nigeria isn't the only country with crude oil and the other citizens pay more than we do.

Do they also earn peanuts like you do too?

Almost the same price with the US.

adenigga:



Source: https://dailypost.ng/Petrol-not-expensive-in-Nigeria-Dangote

People i hate tinubu govt,hated buhari govt too bt dangote is right here.Our problem is exchange rate .If price of dollar to naira drops, petrol price drops.currently if d petrol is sold in usd ours is cheaper than most african countries or european countries.
Its all abt exchange rate.Tinubu was too in a hurry to crash everything without tinking abt d repercussions

devil punish u!

Kaycee9242:
Are we earning like those other countries? And do they have crude oil like us?

They won't tell us those because they know their target audience don't have capacity to scrutinise issues,

bdon123:

People i hate tinubu govt,hated buhari govt too bt dangote is right here.Our problem is exchange rate .If price of dollar to naira drops, petrol price drops.currently if d petrol is sold in usd ours is cheaper than most african countries or european countries.
Its all abt exchange rate.Tinubu was too in a hurry to crash everything without tinking abt d repercussions

He is not right, it is what we feel we know not what he thinks or he thinks he knows

How much is other African countries minimum wage? Do other African countries have constant light, good road networks, good water supply, good health care systems? Answer me.

NinjaMetahuman:
this is the only sensible comment on this post..

Those asking if we earn same as other countries don't even know that Nigeria has one of the highest purchasing power in West Africa yet has the cheapest fuel.

your assertion is very wrong

How much was it when evil APC stormed the street against Jonathan... Government of deceit

How much was fuel during pdp when this evil government stormed the street then to protest.. govt of deceit

jyz200:
Ma people way never cross border they complain alot
Visit other countries and see for yourself

Is life only about the price of petrol?

If so why is our country the global leader in extreme poverty and out of school children while our commercial capital city of Lagos is among the worst cities with its lack of water supply to all households despite being blessed with so many rivers and the ocean?

Lawmaker scores Lagos Water Corporation low

A Lagos State lawmaker, Mr Saka Fafunmi, on Thursday expressed dissatisfaction at the performance of the state Water Corporation.

Fafunmi, a member of the Lagos State House of Assembly (LAHA), said in Ikeja that the corporation had not been able to justify statutory allocations to it.

The lawmaker, who represents Ifako-Ijaiye Constituency 1 at the assembly, spoke to the News Agency of Nigeria (NAN).

He said that the corporation had the capacity to generate much fund internally through water rates but had relied solely on government funding because of poor performance.

'' Anyone that is using water will be willing to pay for it; the corporation has not been giving us water.

"Is there any new community that Water Corporation has given water? People depend on boreholes; even government estates have industrial boreholes.

"Why do we keep pumping money into an agency that does not give us the desired results?'' he asked.

He noted that the Adiyan Waterworks was located at Ifako-Ijaiye, where many of the residents had resorted to digging boreholes as a means of getting water.

''A lot of people are falling sick because they don't drink clean water.

''In the same compound, where you have sewage, is where you have a borehole.

''There is no way you can manage the sewage that it will not leak and pollute the water; everyone drinking such is drinking contaminated water,'' he said.

The lawmaker urged the corporation to increase water reticulation and supply to residents.

From: http://www.punchng.com/politics/lawm...rporation-low/
https://repository.upenn.edu/cgi/viewcontent.cgi?article=1056&context=mes_capstones;Ensuring

bdon123:

People i hate tinubu govt,hated buhari govt too bt dangote is right here.

Our problem is exchange rate .If price of dollar to naira drops, petrol price drops.currently if d petrol is sold in usd ours is cheaper than most african countries or european countries.

Its all abt exchange rate.Tinubu was too in a hurry to crash everything without tinking abt d repercussions

If everything about life revolves around petrol price and things are so bad in other African countries as well as the countries of Europe, Asia and Americas, then why are we praying and fasting to have their japa visas?

Does it have anything to do with ebilokan and APC’s failure to crash the dollar rate through capitalist policies of deregulation and privatisation that made us prosperous collectively with high employment productivity in PDP’s 16 years?

anonimi:
World Bank offers Nigeria forex rate advice, as Tinubu eyes N200/Dollar rate

April 23, 2023

The President-elect said he would work with the Central Bank of Nigeria (CBN) to *bring down the exchange rate to N200 in his first term.*

“My istration will collaborate with the Central Bank to harmonize the fiscal and monetary policy to achieve immediate stabilization of the value of the naira against the US dollars and other currencies and in the short term, strengthen the naira by boosting the supply of foreign currency and moderating demand.

“The short-term goal is to achieve a naira/dollar rate of 300 naira/US$ and gradually achieve a less than 200 naira rate over the next four years, Tinubu stated.

https://www.ripplesnigeria.com/world-bank-offers-nigeria-forex-rate-advice-as-tinubu-eyes-n200-dollar-rate/?amp

That's a greedy response.

How much is petrol in the Middle-east?

adenigga:



Source: https://dailypost.ng/Petrol-not-expensive-in-Nigeria-Dangote

Kaycee9242:
Are we earning like those other countries? And do they have crude oil like us?

Web have crude oil. That's the reason we sell almost half the price of others

Dem suppose dey dash us the fuel sef afterall nothing wey government dey do for us

surgical:
your assertion is very wrong

bring your right assertion na.

“Some people here in Nigeria might think that petrol at less than N900 is expensive, but there is nowhere in West Africa where petrol is not selling above $1, which is N1,600,” Dangote said.

Another angle: hope petrol smuggling has not become a lucrative business like this?

KingRex1:
Libya, Venezuela and Iran sell fuel less than 50naira per litre.
Angola, Egypt and Algeria sell fuel for less than 600 naira per litre

All oil producing and self refining. So what are you saying Mr Aliko??

Their governments are subsidizing petrol for them.

That's true. It is a different ball game in other West African countries.
As one who has travelled extensively within the Continent, I can relate to this fact.
Alhaji Dangote is not talking for the sake of it.

#Just Facts

adenigga:



Source: https://dailypost.ng/Petrol-not-expensive-in-Nigeria-Dangote

I thought he named it after the late Herbert Wigwe

Manny21:
I no blame you. Because you sell petrol now

Na everything dey vex una... Una dey produce USA check how much them dey buy na

jhydebaba:
Petro is not expensive in Nigeria but it could be cheaper based on the fact that we have crude oil and refine locally now.

NinjaMetahuman:
this is the only sensible comment on this post..

Those asking if we earn same as other countries don't even know that Nigeria has one of the highest purchasing power in West Africa yet has the cheapest fuel.

1. Dangote still has to import a lot of the crude he uses.

2. Also, extracting crude is expensive business. Very much so. At the end of the day, you are advocating that the people who bring out crude should sell it to you cheap so that you can get N100 fuel. That would not be possible

Kaycee9242:
Are we earning like those other countries? And do they have crude oil like us?

Many of them have crude like us.

Also, NIgeria, and all other subsaharan African countries are broke. And it is because of our dependence on resources.

KingRex1:
Libya, Venezuela and Iran sell fuel less than 50naira per litre.
Angola, Egypt and Algeria sell fuel for less than 600 naira per litre

All oil producing and self refining. So what are you saying Mr Aliko??

1.Libya also produces the same amount of crude as we do, and the revenue is spread among a population of 8 million compared to our 200 million. That's why Ghaddafi had the money to do all those mega projects he was doing, and why they can afford subsides.

2.Venezuela sells fuel very cheap...and have a massively growing debt, a big smuggling problem, are so broke that they want to invade their neighbours Guyana and take their oil to sell for more money (so far the USA has told them to back off) and their refineries are all broken down or running under capacity

And they are run by Buhari and Tinubu, so the above is easily explained (wink , wink).

3. Iran subsidises oil...and a host of other stuff. They also have a debt as big as ours, if not larger. And the government wants to remove the subsides, but they are scared of riots...so, they keep getting broke on subsides (and it is not like they have the money, thanks in part to sanctions, but also resource dependency). Iran also has a massive fuel smuggling problem...especially to Pakistan.


4. Angola is going towards removing subsides. Angola is also broke and also has a massive fuel smuggling problem...to Namibia in particular.(Namibia is better economy and living wise than Angola by the way).

5. Egypt and Algeria have lesser populations than we do, and have far more diversifed economies (Egypt is essentially the world's leading tourism area...my opinion. Everyone has to see the pyramids and the temples plus archaeology is big time business over there, and the museums are centers of ancient history...and they still have artefacts in storage they haven't shown anyone..that if they bring them out, they will attract crowds from the world to see in minutes). So, they can afford subsides...and anyway, Egypt is going away from subsides (they have removed subsides on power for example.)


Nigeria cannot afford subsides.


You can abuse me and call me an oppressor and APC er now, even though I hate both pdp and apc AND regard obi as a PDP shill.

themanderon:
Wicked souls. Most of them do not have crude oil in abundance like we do here and the poverty rate in Nigeria is pretty much extreme compared to these African countries he is comparing us to. I when the cefa used to be tissue paper compared to the naira but the crooks in power have terribly reversed this that the CFA is now miles ahead of our worthless currency.

Actually, most African countries are very poor, and many are even worse than Nigeria.

Like Ivory coast. Abidjan looks great, but step outside , and you will see massive povery. Ghana too as well. And so forth.

I am not saying that our government is doing well. Our government could do better. I am just correcting the idea that somehow African countries are all better than Nigeria.

Rich African countries are places like Botswana and Libya which have small populaitons, as does Namibia, and South Africa, Algeria, Morroco and Egypt which have diversified economies, and in Egypt's case, a massive tourisim industry.

dollypi:
That's a greedy response.

How much is petrol in the Middle-east?

Many of those middle eastern nations produce far more crude than we do, and have populations far less than we do.

That's why.

A well managed NIgerian nation is a nation that uses its massive resoruces to make goods the world needs, not what Tinubu is doing...sharing oil money, and calling it renewed copium.

seunoyeleyep:



Do they also earn peanuts like you do too?

LOL....for the most part...YES.

Many African countries are broke. Nice capitals, until you go outside, and they are as broke as Nigeria.

The problem is , African countries don't want to do what China did to become a developed nation, they want to borrow money from China and sell their countries to China.

Chad recently had a new stadium built for them by China. The loans from that will soon be due...

jhydebaba:
Petro is not expensive in Nigeria but it could be cheaper based on the fact that we have crude oil and refine locally now.

To be cheaper than the cost of production and other overhead expenses right?
Aside that the rogues will still smuggle it across the border and create artificial scarcity in Nigeria again, in South Africa 🇿🇦 a litre of petrol is 1900 naira equivalent

When do we stop deceiving our selves, Sometimes you hear imported fuel is cheaper than the one we refined here in Nigeria, but forgetting say the imported fuel through custom duty and other logistical expencies before arriving in Nigeria. They just want to monopolize it to suffer us the more.

jyz200:
Ma people way never cross border they complain alot
Visit other countries and see for yourself

You guys don’t get it at all. The price of the product isn’t the issue, the standard of living is. You don’t get it. You want to compare uae, china, South Africa, Brazil to here? Check the minimum wage, the poverty rate etc. then you can compare.

this man is too greedy. how can you spend 95k to fill your tank every week?