Nigerians Should Pick Between Fuel Queues Or Higher PMS Prices

Arise Business Correspondent Rotus Oddiri discussed more supply of fuel coming from the Dangote Refinery along with news from the World Trade Organisation and Microsoft latest co-pilot AI updates
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[@juiceking1991]

Routs wey no get sense, na who una Dey argue with😂. Anytime you hear Rotus speak just shout I AM A CHOSEN!

[@geeria659]

😂😂

[@petermichael6363]

😂😂😂😂. The guy be like robot. He has refused to unlearn and relearn.

[@conoassetsltd4026]

Ayo is always on point. Represents the minds of d masses. Whats Rutos saying? U wont even see queues if the price is 5k per litre

[@nwananka]

Ayo made her point and moved on. That might be the best way to deal with Rotus. He will soon come to twitter to cry

[@petermichael6363]

Exactly! They have finally figured a way to deal with him. Very robotic way of thinking. Who are you to speak for the Nigerian people. Regardless of supply shortages or excesses, it makes no sense to have availability without affordability. It is like putting a ferrari at Oshodi, hoping people ll make a purchase. Very senseless.

[@BlamloveGad-nf1ui]

Where is this Rotus living? Omo Nigeria is not one oooo

[@AY-qz2gi]

Lately, Rotus has been acting like a robot immune to the realities of an average Nigerian. If he keeps this up, he’ll surely bag an SSA appointment in this govt.

[@I.KUchiha]

He’s been like that all year.

[@enod9746]

He will soon be called to replace Ajuri. He is actually pitching for that job with his fuel analysis.

[@somtoilomuanya9909]

Is Rotus a journalist or government staff?

[@DonaldOYewande]

This Rotus is too brilliant to this Arise tv

[@User-c4h5l]

How?

[@AkinloluAiyegbusi]

Petrol is a product, it has a cost,its either its subsidized or its not subsidized, if its subsidized , there will be arbitrage and scarcity, if its not subsidized there will be supply, affordability would come through freemarket forces and naira appreciation, Rotus speaks from an educated and unbaised position.

[@sheriseofili3721]

Can we survive paying 1000 naira a litre for petrol or more

[@ChrisChikezie-z6j]

So the price should then increase to 2k because those people are making more money will like to continue supplying in order to make more money. Pricing is as important as availability.

[@CollinsChiazor]

This is an out of touch with reality opinion. If its available and not affordable. Isnt that worse off? Secondly, people who always assume that market forces will always correct distortions are either not familiar with economic history or limited in their understanding of how economics works. Afterall, the events at the global stage is replete with various times the markets failed to adjust and required govt intervention.

[@DonaldOYewande]

Teach this bunch of ignoramus real economics. Instead of going back to farming, they complain daily the more. Sidon dey look. Kid thinkers.

[@DonaldOYewande]

@@ChrisChikezie-z6jkeep fighting what you can’t control. If war persists or escalates beyond what it is, crude prices will still increase and fuel price rises. There’s nothing anyone can do about that. May be you forgot that two major wars are going on concurrently from major crude producing regions of the world. No country has a definite control on the price of crude oil. Period!

[@nwanyimmaj293]

Rotus is looking for APC appointment but he will not get any. Very rude and disrespectful individual. A lost fellow

[@CollinsChiazor]

Rotus sometimes offers very cold and out of touch perspectives centered around opportunity costs of varied extremes.... how can one say make a choice btw availability and affordability of petroleum products..None boards well for any society.

[@kenojokoji]

That's Rotus for you...gallery player, no substance 😢

[@ephramevezi48]

In Delta state price range is 1000 - 1300 naira/litre.

[@StevenGowon]

Rotus should just take a job as a government mouthpiece already

[@DonaldOYewande]

Because he has a clear mind. Not all matters should be colored with emotions. When you have a problem that needs a solution, sensible people stops blaming. But looking for the lowest hanging fruit to start from. No one solves all problems at once.

[@StevenGowon]

@@DonaldOYewande As an Economist with over 20yrs consulting experience internationally, it's difficult to see any problem solving intents in the decisions of this government. So in presenting "best possible solution", it's a bit insulting to the people when you sound like you're approving of the actions of government that led to where things are presently

[@User-c4h5l]

@@StevenGowonWell said

[@kkabeach]

@@StevenGowon The big question is how do you intend to fund the subsidy? It's a massive hole in the government's budget that is holding a lot of development back. If we had $200B in external reserves, I will agree with you, but right now we are in a financial mess that requires massive sacrifices. It's painful but we have to find a way to survive it together.

[@StevenGowon]

@@kkabeach Yes, the economic mess is a fact, but the unrelenting wastefulness and self-indulgent profligacy of this government doesn't align with the call for sacrifice amongst citizens. Besides, with discipline and honest intentions with zero tolerance for corruption the question of subsidy will hardly arise because near 100% local refining will take care of that

[@attahegwemi3722]

Who does this Rotus think he is???

[@ladiosh-ow3qc]

He is an economist and financial analyst with sense devoid of unwarranted emotions!!

[@ChrisChikezie-z6j]

That is how some of them behaves, forgetting that he may lost his job tomorrow.

[@efemartins5118]

ROTUS na Chosen. 😅

[@DonaldOYewande]

@@ladiosh-ow3qc your assessment is rare. Kudos brother.

[@johnadole6855]

​@@ladiosh-ow3qcYou're obviously vomiting this rubbish from outside the country 🤡

[@wedonblowtv8092]

TVC STAFF ROTUS

[@emmanueladeyosoye3607]

It’s Nigeria it should be part of the conversation in the first place

[@enod9746]

Rotus...core capitalist who does not care about the rest of the population. When we were in medical school, we were told that it makes no sense to prescribe a medication a patient cannot afford, as we would not have made any difference in the person's condition. In any case, I am all for product substitution. The internal combustion engine is nearly 150 years old. The old fuels need to be changed too.

[@kkabeach]

I understand the pain of paying more for PMS but it's a reality we can't escape. We've been kicking the can down the road for decades on the issue of subsidy removal. I think now is the time for everyone to tighten their belt and face the reality that subsidy is gone. While I understand why we don't want to let go the extremely cheap PMS we've been spoilt with, for a moment, let's think about all the poorer neighbouring countries (Niger, Benin Republic, Cameroon, Ghana etc) who are paying far more than the current price of N950/L. How are they able to live with higher PMS prices without crying? Nigerians have to take this as a challenge and start looking at creative ways (e.g. car pooling, cutting unnecessary journey, using public transport etc) , to cut their cost to continue to afford a decent level of living.

[@okirichard4204]

Tell your government to also cut their jambory way of spending money. They live lavishly and expect the average man to receive the blowback! They are just saving money to have more money to spend and share amongst themselves. All the monies saved so far what have they used it to do.

[@tony-obua]

Why can't FG give Dangote crude for free, ask him to refine it, the FG pays him for the refinement with interest then sell to Nigerians including tax (which will serve as profit for the FG)?.... It's a win win situation, don't you think?

[@shecalledmeneverland7953]

Are you really comparing yourself to neighboring countries that are not major oil producers and also who says they're satisfied with the high prices

[@kkabeach]

@@tony-obua I don't think it will make much difference. Current Situation: NNPC sells 1 barrel of crude to DR at N120k approximately, Dangote refines it and sells it back at N900/L. At 159L to a barrel, Dangote sells a barrel back at N143,100, making N23k per barrel (N145/litre), some of which will go to his cost. Alternative Scenario - Govt gives crude to DR and pay for refining: DR can simply say I will charge you N145/litre to refine.

[@kkabeach]

@@shecalledmeneverland7953 The question we should be asking ourselves is, if smaller poorer countries are living with higher PMS prices, why can't we live with it? If we have to go learn from them how they survive it, then we should. Across the world today, most major oil producing countries have deregulated their petrol prices. Take Dubai for example, after deregulation, petrol prices jumped 25% and today petrol is currently sold there for about N1250/litre. It's only when we start paying the full price for petrol, that we will start thinking about alternatives and conservation of energy which will ultimately help reduce our carbon emissions. People will be forced to think twice about making unnecessary journeys, men will be forced to spend more time with their families, local businesses (including schools) will get more patronage, people will walk more and drive less, some car owners today will realise they should really be riding motorcycles instead, more people will choose cycling etc. We will become a healthier society with a closer sense of community. It's a win-win for all.

[@eedrisharyormide2836]

Who is this Rotus he's talking nonsense... Why will you tell us to choose between the highest rice or queue.... That's shit

[@teeletsetse445]

He believes in the free market. High prices entice other capitalists enter the market and then prices come down due to increased competition. But all of this will take a while (meaning the consumer will have to contend with high prices in the meantime).

[@thatoneguywholovesthena-4529]

​@@teeletsetse445 an educated individual, this is pretty much what pure capitalism looks like

[@kkabeach]

@@eedrisharyormide2836 Rotus has a capitalist mindset that why he's not seat in the news room reading all sort of news. He's chosen a field that he's passionate about and he's not shy to speak the truth as he see it. Rufai is obviously a socialist and this why he's always in confrontation with Rotus on liberalisation of the market. The true problem we face as a country right now is not petrol subsidy. It's the high exchange rates, but we can solve this issue without massively increasing our foreign reserves. If Nigeria, right now has $100b in reserve, the CBN will quite easily bring the Naira down to N750 to a dollar. The problem now is that we can't quickly accelerate our foreign reserve while we expend billions of dollars yearly on petrol subsidies. We have to bite the bullet (ie let go of subsidy) and give the CBN more firepower to bring down foreign exchange rates. It will be painful in the short run but in the 1-2 years, we'll all be better off.

[@ChrisChikezie-z6j]

​@@teeletsetse445Cement, tell us when the price will come down ? Are you guys not living in Nigeria or what ? There is no competition in capitalist society. How many Americans are into space exploration, electric cars ?

[@DonaldOYewande]

@@teeletsetse445 👍👍👍

[@petermichael6363]

They have finally figured a way to deal with Rotus. Very robotic way of thinking. Who are you to speak for the Nigerian people? Regardless of supply shortages or excesses, it makes no sense to have availability without affordability. It is like putting a ferrari at Oshodi, hoping people ll make a purchase. Very senseless.

[@ElenaPavel-wr2po]

The Dangote will still sell outside the country to make more profits, so selling within the country should not be that expensive 🫰

[@ikepatrick9154]

Rotus, You mean August of 2025?

[@kenojokoji]

Rotus go speak all the funier and English, his predictions or abey forecast are only textbooks....no realities. From his time in radio, he holds no water...4get him

[@lewisjoseph6239]

This Rotus is a very big fool. APC boy. He will soon get appointment from APC.

[@josephodighibor2456]

Rotus na Bigman😂

[@AbdulAbdul-mu6ls]

R❤

[@straightshooter8751]

Rotus is right, that lady is just speaking with emotion instead of sense, Dangote is a private business he needs to make profit and has to sell by international price

[@ChrisChikezie-z6j]

International price in a local market ? Check the cost of phone you are using in the country it is manufactured, then how it cost here. Dangote will only sell international price if he source his crude oil outside nigeria. He can sell international price if he sells his fuel to other countries. But selling international price for locally source and refined petrol is wickedness. There is availability of Ferrari in Nigeria go and buy one.

[@straightshooter8751]

@@ChrisChikezie-z6j International price means nothing, Dangote purchased the crude from abroad using Dollars, he will need to purchase more with dollars in future that's why he will always need to sell at international price

[@ChrisChikezie-z6j]

@@straightshooter8751 he is charging us for the future purchase ? But there are thousands of crude oil that was set aside for local consumption, did he also pay for that in dollars ? We also know that NNPCL is to sell to him in naira from October .

[@DonaldOYewande]

@@ChrisChikezie-z6j Do you have same quality they sell to the west? Those phones you have in Nigeria are substandard that will never enter the West.

[@aliyuahmedalhaji269]

How will you people in this era not post the video the reporter requested? The only una dey is to talk down what government is doing and your house is not in order😂😂