NewStats: 3,265,342 , 8,186,448 topics. Date: Saturday, 14 June 2025 at 02:34 PM 2f144d

Nigerians have expressed growing discontent over President Bola Ahmed Tinubu’s handling of the nation’s fuel price issue, accusing him of prioritizing his personal opinions over the counsel of economic experts and experienced advisers. Despite mounting calls for a reduction in fuel prices to ease the burden on Nigerians, particularly in light of increasing living costs, the president has remained firm in his stance, dismissing the recommendations from wiser voices within his istration.

Many observers view this as a demonstration of what they describe as "selfishness" and "foolishness," arguing that the government's refusal to act on the expert advice undermines the well-being of the ordinary citizen. The high cost of fuel has led to skyrocketing transportation and food prices, contributing to inflation and deepening poverty levels across the country.

Economic analysts have warned that reducing fuel prices would help alleviate financial pressures on the general population and stimulate economic growth, particularly in sectors that depend heavily on transportation. However, President Tinubu’s repeated assertions that the country must endure the current fuel price for the sake of long-term economic stability have done little to assuage public frustration.

In response to growing public outcry, critics argue that a more inclusive approach—one that listens to the voices of experts and takes into the immediate struggles of everyday Nigerians—would be a more effective and comionate path forward. As the debate continues, many are calling on the president to reconsider his stance and prioritize the welfare of the people over personal beliefs or political calculations.

As the situation unfolds, it remains to be seen whether President Tinubu will adjust his policies in the face of widespread public criticism or maintain his current course. The nation waits with bated breath, hoping for a more responsive and people-centered approach to governance.

OP, how much do you want Tinubu to sell PMS?

ALTERNATEID:
OP, how much do you want Tinubu to sell PMS?

If you can that during the #Endbadgovernance protests# Nigerians were protesting for fuel price to reduce to 200 naira or 300 naira per litre of fuel.
At least tinubu should sell PMS at 300 naira per litre.

1nice:

If you can that during the #Endbadgovernance protests# Nigerians were protesting for fuel price to reduce to 200 naira or 300 naira per litre of fuel.
At least tinubu should sell PMS at 300 naira per litre.

The Ex depot price from Dangote refinery is N825. Add cost of transportation and marketers margin to it, we should be talking of N900. So, you want PMS sold at N300, who will pay for the balance of N600 that will be removed from the actual cost?

1nice:

If you can that during the #Endbadgovernance protests# Nigerians were protesting for fuel price to reduce to 200 naira or 300 naira per litre of fuel.
At least tinubu should sell PMS at 300 naira per litre.

I have some questions for you.
1. Is fuel a capital commodity or a social commodity
2. What should determine the price of a commodity.
3. Is government meant to be a charity organisation
4.Assuming you can't afford something, what do you do.

ALTERNATEID:


The Ex depot price from Dangote refinery is N825. Add cost of transportation and marketers margin to it, we should be talking of N900. So, you want PMS sold at N300, who will pay for the balance of N600 that will be removed from the actual cost?

I understand the breakdown, but the issue isn’t just about costs. The question is: why are we still facing such high prices when we have a local refinery? We were promised that local refining would help reduce costs significantly. If we’re still paying almost the same as imported fuel, where’s the benefit? The system needs to be more transparent and efficient. It’s not about paying the balance; it’s about ensuring that the process itself isn’t overpriced or inefficient.

Proudlyngwa:

I have some questions for you.
1. Is fuel a capital commodity or a social commodity
2. What should determine the price of a commodity.
3. Is government meant to be a charity organisation
4.Assuming you can't afford something, what do you do.

I understand your questions, but let me address them with some perspective:

1. Fuel is a capital commodity, but it also has a social aspect given its essential nature in our daily lives. It's a crucial part of the economy, and its pricing impacts everyone.


2. The price of a commodity should be determined by a balance between production costs, market demand, and fair competition. It shouldn’t be artificially inflated or monopolized, especially in a market with local refining capabilities.


3. The government is not a charity, but it is responsible for the welfare of its citizens. A government’s role includes ensuring fair pricing, preventing exploitation, and addressing essential needs like fuel, which are vital for economic activities.


4. If I can’t afford something, I look for ways to adjust, whether through savings or finding alternatives. But when it comes to fuel, it's an essential good, and in a country with local refining, we should be striving for pricing that benefits the majority, not just a few.


It’s not just about cutting costs; it's about making sure that local resources are being used efficiently and equitably, so that citizens aren’t left carrying an unfair burden.

Proudlyngwa:

I have some questions for you.
1. Is fuel a capital commodity or a social commodity
2. What should determine the price of a commodity.
3. Is government meant to be a charity organisation
4.Assuming you can't afford something, what do you do.

There are even cheaper alternative to fuel. But this one way thinking, slow people cannot understand that simple logic.

1nice:


I understand the breakdown, but the issue isn’t just about costs. The question is: why are we still facing such high prices when we have a local refinery? We were promised that local refining would help reduce costs significantly. If we’re still paying almost the same as imported fuel, where’s the benefit? The system needs to be more transparent and efficient. It’s not about paying the balance; it’s about ensuring that the process itself isn’t overpriced or inefficient.

The good thing about PMS is that Dangote is a private refinery with no government control. Dangote buys crude oil from both NNPC and foreign suppliers. He has to sell at a price that will help him recover his production cost plus profit margin. Tinubu cannot fix the price for him except he his willing to pay for the balance. No pricing template can come up with a price below what Dangote is currently selling. The only way to reduce price for the masses is through a return to the subsidy regime and no one wants that again due to the corruption involved.

ALTERNATEID:


The Ex depot price from Dangote refinery is N825. Add cost of transportation and marketers margin to it, we should be talking of N900. So, you want PMS sold at N300, who will pay for the balance of N600 that will be removed from the actual cost?

Can i tell you that many nations whether developing, developed or (underdeveloped) if any has subsidies put in place.

In US, agro subsidies, in UK same even more with social welfare for the unemployed, in Finland, free education for some courses and cheap for some others, even in poor Mali as you may assume, more recently free education for all from Primary to university level.

Now Nigeria with all her wealth and natural endowment can't subsidize power, energy, nerither health care or education even agro?

What they heck are you saying? That a baboon becomes president and throws the entire nation into penury to please some skinny western folks wearing black suits?

Ogah... you need to study why nations fail and why nations succeed.

Qadaffi2idiamin:
Can i tell you that many nations whether developing, developed or (underdeveloped) if any has subsidies put in place.

In US, agro subsidies, in UK same even more with social welfare for the unemployed, in Finland, free education for some courses and cheap for some others, even in poor Mali as you may assume, more recently free education for all from Primary to university level.

Now Nigeria with all her wealth and natural endowment can't subsidize power, energy, nerither health care or education even agro?

What they heck are you saying? That a baboon becomes president and throws the entire nation into penury to please some skinny western folks wearing black suits?

Ogah... you need to study why nations fail and why nations succeed.

no face your work and double your hustle,stay there Dey find free food.even comedians and content creators are cashing out big time in an economy like ours,Dey there Dey lament all your life,you go explain give your children tire.

1nice:



I understand your questions, but let me address them with some perspective:

1. Fuel is a capital commodity, but it also has a social aspect given its essential nature in our daily lives. It's a crucial part of the economy, and its pricing impacts everyone.


2. The price of a commodity should be determined by a balance between production costs, market demand, and fair competition. It shouldn’t be artificially inflated or monopolized, especially in a market with local refining capabilities.


3. The government is not a charity, but it is responsible for the welfare of its citizens. A government’s role includes ensuring fair pricing, preventing exploitation, and addressing essential needs like fuel, which are vital for economic activities.


4. If I can’t afford something, I look for ways to adjust, whether through savings or finding alternatives. But when it comes to fuel, it's an essential good, and in a country with local refining, we should be striving for pricing that benefits the majority, not just a few.


It’s not just about cutting costs; it's about making sure that local resources are being used efficiently and equitably, so that citizens aren’t left carrying an unfair burden.

Thank you for your input, so we can go further.
1. Fuel is a capital commodity, fuel in this case being petrol, meaning it is something that is traded, and the primary means of exchange being cash, is it fair for the government to be a player in a game it referees, being that cash is exchanged for a commodity, not a service, and that commodity is paid for whether it is consumed or not.

2.if the price of a commodity is first and for most dependent on the cost of production, have you put the indices used in arriving at the current price, to know whether it is fair or not, do you know the cost of drilling one well, running pipeline, security, storage, logistics...etc
B. If demand and supply determines a price, don't you think artificiality will creep in when it is paid for , leading to waste and lack at the same time.

3. Government is not a charity, but should cater for the social welfare of its people, don't you think government spending on capital commodities for those who can afford it and those who waste it, will lead to nonavailability of funds for the three most important social responsibilities of government being, security, basic education and primary healthcare.

4. Finally where do you expect government to continue getting funds to finance this wastage when we can have cheaper alternatives
Like mass transit buses powered by CNG.
Battery powered tricycles, gas generators...etc

Qadaffi2idiamin:
Can i tell you that many nations whether developing, developed or (underdeveloped) if any has subsidies put in place.

In US, agro subsidies, in UK same even more with social welfare for the unemployed, in Finland, free education for some courses and cheap for some others, even in poor Mali as you may assume, more recently free education for all from Primary to university level.

Now Nigeria with all her wealth and natural endowment can't subsidize power, energy, nerither health care or education even agro?

What they heck are you saying? That a baboon becomes president and throws the entire nation into penury to please some skinny western folks wearing black suits?

Ogah... you need to study why nations fail and why nations succeed.

Who told you , Nigeria does not subsidise health care or education.

Proudlyngwa:


Who told you , Nigeria does not subsidise health care or education.

Are you dreaming?

Subsidy in the North and no subsidy to the rest, is that national subsidy? Do not mistake the incentive to get Northerners to accept western style of education as subsidy. It's pure madness if you tow that line.

Health care. Where is the subsidy in health care? Are private citizens enjoying that too? It's just for politicians and top government officials and their relatives.

So sharrap if you no know wetin dey sup for the naija.

Qadaffi2idiamin:
Can i tell you that many nations whether developing, developed or (underdeveloped) if any has subsidies put in place.

In US, agro subsidies, in UK same even more with social welfare for the unemployed, in Finland, free education for some courses and cheap for some others, even in poor Mali as you may assume, more recently free education for all from Primary to university level.

Now Nigeria with all her wealth and natural endowment can't subsidize power, energy, nerither health care or education even agro?

What they heck are you saying? That a baboon becomes president and throws the entire nation into penury to please some skinny western folks wearing black suits?

Ogah... you need to study why nations fail and why nations succeed.

To start with, Nigeria is a poor country and not a wealthy country like you all assume. Secondly, government is still heavily subsidizing education, power and Agriculture. Public primary and secondary education is still free in most states including payment for WAEC that was pioneered by Bola Tinubu in Lagos. Public University education is heavily subsidized and recently, academic calendar has been stable thanks to Tinubu meeting most of ASUU demands. Apart from those in highbrow areas on band A, majority of Nigerians still don't pay the market rate for electricity. Health care services in all public PHC are free except for cost of drugs. Even in Secondary health care centers, the cost of medical care is heavily subsidized compare to what you will pay in a private hospital fir the same services. Fertilizer is specially subsidized for farmers and all other Agric implements are VAT exempted. All our River Basin also provide an all year round water for farmers.

So, where some of you get your false information of government not subsidizing anything for the people is worrisome. Are you guys truly ignorant or you just want to deliberately post outright falsehood? Finally, no serious country in the world can sustain subsidizing PMS. Nigeria has tried it and failed. It is a policy that almost bankrupted Nigeria. Tinubu did the country and all future president to comes a big favor by removing it and taking the blame. No future president including all those condemning the president today will bring it back.

Qadaffi2idiamin:
Are you dreaming?

Subsidy in the North and no subsidy to the rest, is that national subsidy? Do not mistake the incentive to get Northerners to accept western style of education as subsidy. It's pure madness if you tow that line.

Health care. Where is the subsidy in health care? Are private citizens enjoying that too? It's just for politicians and top government officials and their relatives.

So sharrap if you no know wetin dey sup for the naija.

I can assure you primary health care is subsidised, though I don't know about mental health care.
Which honestly is what you need.

ALTERNATEID:


To start with, Nigeria is a poor country and not a wealthy country like you all assume. Secondly, government is still heavily subsidizing education, power and Agriculture. Public primary and secondary education is still free in most states including payment for WAEC that was pioneered by Bola Tinubu in Lagos. Public University education is heavily subsidized and recently, academic calendar has been stable thanks to Tinubu meeting most of ASUU demands. Apart from those in highbrow areas on band A, majority of Nigerians still don't pay the market rate for electricity. Health care services in all public PHC are free except for cost of drugs. Even in Secondary health care centers, the cost of medical care is heavily subsidized compare to what you will pay in a private hospital fir the same services. Fertilizer is specially subsidized for farmers and all other Agric implements are VAT exempted. All our River Basin also provide an all year round water for farmers.

So, where some of you get your false information of government not subsidizing anything for the people is worrisome. Are you guys truly ignorant or you just want to deliberately post outright falsehood? Finally, no serious country in the world can sustain subsidizing PMS. Nigeria has tried it and failed. It is a policy that almost bankrupted Nigeria. Tinubu did the country and all future president to comes a big favor by removing it and taking the blame. No future president including all those condemning the president today will bring it back.

always check the name of who you are quoting

ALTERNATEID:


To start with, Nigeria is a poor country and not a wealthy country like you all assume. Secondly, government is still heavily subsidizing education, power and Agriculture. Public primary and secondary education is still free in most states including payment for WAEC that was pioneered by Bola Tinubu in Lagos. Public University education is heavily subsidized and recently, academic calendar has been stable thanks to Tinubu meeting most of ASUU demands. Apart from those in highbrow areas on band A, majority of Nigerians still don't pay the market rate for electricity. Health care services in all public PHC are free except for cost of drugs. Even in Secondary health care centers, the cost of medical care is heavily subsidized compare to what you will pay in a private hospital fir the same services. Fertilizer is specially subsidized for farmers and all other Agric implements are VAT exempted. All our River Basin also provide an all year round water for farmers.

So, where some of you get your false information of government not subsidizing anything for the people is worrisome. Are you guys truly ignorant or you just want to deliberately post outright falsehood? Finally, no serious country in the world can sustain subsidizing PMS. Nigeria has tried it and failed. It is a policy that almost bankrupted Nigeria. Tinubu did the country and all future president to comes a big favor by removing it and taking the blame. No future president including all those condemning the president today will bring it back.

petrol subsidy should be one of the birthright of Nigerians.

With abundance of crude East, West, South and even North, with three dormant or semi functional refineries, with countless modular refineries even those FG blatantly refuse operational license, with so much invested in the downstream sector alone not to conclude that of the upstream sector, I ask you then as a citizen or maybe a nay sayer of right decision, what should guarantee petroleum subsidy to a nation with all these?

Libya is doing it after Qadaffi, Saudi Arabia has in place, most gulf nations subsidize petroleum products because of its abundance. Even those that don't have the capacity Nigeria has Is subsidizing energy.

Yes electricity is partly subsidized by with hydro power and so many power source dams, electricity should be totally subsidized. Nobody is speaking out of ignorance, I have facts to present that tinubu took the nation 100 steps backwards.

Health? Most of the primary health care belongs to state government without federal exempting immunization. Education, which part of it is subsidized? You have clearly spoken out of emotions.

1nice:
Nigerians have expressed growing discontent over President Bola Ahmed Tinubu’s handling of the nation’s fuel price issue, accusing him of prioritizing his personal opinions over the counsel of economic experts and experienced advisers. Despite mounting calls for a reduction in fuel prices to ease the burden on Nigerians, particularly in light of increasing living costs, the president has remained firm in his stance, dismissing the recommendations from wiser voices within his istration.

Many observers view this as a demonstration of what they describe as "selfishness" and "foolishness," arguing that the government's refusal to act on the expert advice undermines the well-being of the ordinary citizen. The high cost of fuel has led to skyrocketing transportation and food prices, contributing to inflation and deepening poverty levels across the country.

Economic analysts have warned that reducing fuel prices would help alleviate financial pressures on the general population and stimulate economic growth, particularly in sectors that depend heavily on transportation. However, President Tinubu’s repeated assertions that the country must endure the current fuel price for the sake of long-term economic stability have done little to assuage public frustration.

In response to growing public outcry, critics argue that a more inclusive approach—one that listens to the voices of experts and takes into the immediate struggles of everyday Nigerians—would be a more effective and comionate path forward. As the debate continues, many are calling on the president to reconsider his stance and prioritize the welfare of the people over personal beliefs or political calculations.

As the situation unfolds, it remains to be seen whether President Tinubu will adjust his policies in the face of widespread public criticism or maintain his current course. The nation waits with bated breath, hoping for a more responsive and people-centered approach to governance.

another Ibo gibberish