/2024/09/25/africas-richest-person-aliko-dangote-backs-total-fuel-subsidy-removal/ Truth and Reason Wed, 25 Sep 2024 05:33:04 +0000 hourly 1 https://wordpress.org/?v=6.8.5 /2024/09/25/africas-richest-person-aliko-dangote-backs-total-fuel-subsidy-removal/#comment-287806 Wed, 25 Sep 2024 05:33:04 +0000 /?p=1015603#comment-287806 Nigerians must be fully aware that pump price in every country in the world is a political decision and Western Countries where information about pricing is public knowledge the main political focus is tax level that is part of the pump price. Nigeria should never be deceived that pump pricing depends on what is obtained in another country because each country makes political pump pricing decision based on their economic situation.

]]> /2024/09/25/africas-richest-person-aliko-dangote-backs-total-fuel-subsidy-removal/#comment-287805 Wed, 25 Sep 2024 05:31:27 +0000 /?p=1015603#comment-287805 Does Nigeria need petrol/diesel subsidy? Support or opposition to the idea can only be made if Nigerians are informed about the cost components of the pump price. Nigerian has continuously being misinformed by every player in the oil and gas industry. It will show honesty if relevant players including Dangote inform Nigerians about cost including profit for his refinery for crude and refining activity. This will help Nigerians to assess and compare his costs to that obtained in other countries and businesses around the world involved in refining petrol/diesel from crude. Nigerians must be fully aware that pump price in every country in the world is a political decision and Western Countries where information about pricing is public knowledge the main political focus is tax level that is part of the pump price. Nigeria should never be deceived that pump pricing depends on what is obtained in another country because each country makes political pump pricing decision based on their economic situation.

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