Act 1, Scene 1: “SUBSIDY IS GONE!”

Scene 2: Exchange rate unification and currency floatation neutralized subsidy removal. Pump price became higher than landing cost with NNPC covering the differential. SUBSIDY IS BACK!

Act 2, Scene 1: Dangote Refinery is our savior.

Scene 2:

Dangote: I need Crude Oil.

NNPC: We cannot give you.

Dangote: You must give us. PIA said you must leave out a portion of Crude Oil produced for domestic supply.

NNPC: We have signed forward sales agreement.

Dangote: PIA, a law supersedes any agreement.

NNPC/NMPDRA: You are not ready. Even your Diesel is substandard. And we won’t allow you to become a monopoly.

Dangote: My Diesel is more qualitative than yours. I am offering you a lifeline with PMS. But no problem, I know what is happening in Malta.

NNPC: (No comment)

Act 3, Scene 1:

NNPC: We will give you Crude Oil. In fact, we will sell it to you in Naira.

Dangote: Thank you

Act 4, Scene 1:

NNPC: We are profitable. But we are in $6 billion debt. It is becoming hard to guarantee supply.

NNPC then raises pump price to N897, closer to landing cost.

NNPC: (And then suddenly) Dangote, we are going to be the exclusive buyers of your petrol.

Dangote: No Problem (Nigerians: No problem? 🤔).

Scene 2:

Nigerians: NNPC, why are you interested in being the sole buyers of Dangote’s petrol?

FG/NNPC: For pricing purposes.

Nigerians: Una wan become monopolist too? Shey you accused Dangote of such? 🤔

NNPC: No Comment

Nigerians: Wait. How much will you now sell the petrol. 🤔

NNPC: FEC will decide.

Nigerians: So you want to peg price? DEREGULATION IS GONE? 🤔

NNPC: No Comment.

Nigerians: Wait. How are you now going to find money and pay your $6 billion debt?

NNPC: We will find ways.

Nigerians: Jira Jira Jira (Wait Wait Wait), hope you are not planning to peg price above what would have been the real market price and below what it would have costed if imported to discourage import and yet still accrue windfall?

NNPC: No Comment.

Nigerians: Is that how you intend to get the money to your pay your debt?

NNPC: No Comment.

Nigerians: Hmm 🤔

WE WATCH! 😊

Sha, congratulations Dangote. You did it!

Abdulhaleem Ishaq Ringim. Public Affairs Analyst

 

BACK
Bicycle 🚲

– Zero fuel consumption
– Optimum AC (Natural Air)
– Economical
– No engine servicing. E no kuku get engine.
– Zero documentation (Police, FRSC, EDSTMA no get person time)
– No overloading
– Space for a passenger (additional source of income)
– Easy to carry in case of traffic or unnecessary …