I Estimate Petrol Price In Nigeria To Be N1,250/L – Bismarck Rewane
I Estimate Petrol Price In Nigeria To Be N1,250/L – Bismarck Rewane
The Managing Director and CEO of Financial Derivatives Company Limited, Bismarck Rewane, spoke to the Global Business Report about Global oil prices, the importance of the Dangote Refinery to Nigeria, and the estimated open market price of petrol
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A country being run by some bunch of old men what the hell do you expect
After advising Nigerians that removing oil subsidies will improve distribution at the pump, Rewane now claims the problem is due to poor supply.
Same economist that came out to say government workers buys rice @ N40k and sale @ N80K and that was why the government decided to stop the sale of the said rise. I will never in my life take any sheet coming out of this guy's mouth claiming to be economist. I pray that may Nigeria happen to you one day
Rowane has confirmed rumours about the then Buhari led APC government borrowed money with our crude oil to be produced in the future
Expect more hardship. APC propaganda will not help
Nigeria is gradually becoming the new Afghanistan
The problem is not that the price of pms is over N1,250. Rather, the main problems are 1. Inflation and 2. The price will not remain there as long as the value of the Naira keeps dropping, and the value of the Naira will keep dropping because more Naira will now be chasing less $.
UNTIL YOU BREAK UP WITH OPEC, SO THAT YOU CAN BE FREE TO DECIDE AND FIX THE PRICE WITH WISDOM IN FAVOUR OF THE CITIZENS, YOU WILL NEVER HAVE PEACE IN THE PETROLEUM INDUSTRY.
Its looking like it will get worse before it gets better (if). All man should brace for impact!
Prophet of doom. He can't change.
Hopeless nation 😢
You need to bring him back so much insight from him
This is the same man who was on the economic team of the Buhari government
Waste of time
Dangote is competing with Tinubu's refinery in Malta, Buhari's refinery in Niger Republic and power foreign oil companies like Shell, Agip, Chevron, etc the real devils😂😂😂
Tinubu keeps deceiving Nigerians 😂😂😂
Fake economist
In spite of this mess, the govt is still prodigious. If there's anything time Nigeria political elites should be reasonable, sensitive and patriotic by tightening their belts, it is now. But will they do?
A good conversation from a patriot,s point of view. But will the corrupt gangsters allow this refinery.
NNPC is the greatest obstacle and adversary because the Dangote refinery is about breaking their monopoly in this sector. That is why they are up.in arms with their collaborators.
Gas is 3000 nira in Uganda….you lucky you are not there
❤Economic development growths ❤everyone is looking at right now 🎉
Mr Economist directed the government to fix our refineries and stop borrowing with our crude oil. Tell the government to stop oil theft and boost production. Fuel should be less than 300 if our refineries are working. There is no reason why a crude oil exporting country should be importing fuel.
This man, with his Voodoo economics.
He breaks it down for me
Nigeria is in deep dodo! But politicians don’t care , they are still partying like it is 1999
He is part of the problem
Everybody just making noise everywhere and every day. Nothing will happen about anything. We are doomed. Every body shut down and go home.
arise please stop bringing this failed Economist here since 2015 time till today he has advice Nigerian govt doom I know he is from delta Oga not want him brother to hungry dey make am relevant ,Rewane and Pinnik Amaju has been the worst people that have come out of DELTA STATE
We need to know how much crude oil we actually pump each day.
Oil theft is one major issue. We are playing Russian Roulette with it.
Then, we should be pumping more .
Nigeria can do up to 3000 barrels per day to meet domestic obligations to Dangote and others.
The talk about subsidy needs to be investigated.
HOW MANY LITRES do we actually consume in Nigeria?
We need to investigate it.
We can't pay so much for a natural resource we own. It is our foolishness and wickedness.
That's the reason why the illegitimate president Tinubu who has held Nigeria under state capture quickly devalued the Naira at the same time after removing the fuel subsidy.
Waiting for Dangote to float the company.
Good analysis 👍🏾 👍🏾👍🏾❤
Nigeria is in a deep mess. I am not sure the political class and even the citizens realize the risk that stares us in the face. Should anything happen to crude oil price such that it falls below a certain point, Nigeria will be in a serious crisis. The life wire of the nation is crude oil.
We had all the opportunity to use the gains of crude to develop and open up other sectors to support sustainable growth and reduce our exposure to concentration risk but we never did anything. Even now, it doesn't seem like we have learnt anything seeing how the political class is carrying on, spending and living lavishly like tomorrow is assured.
These guys are fighting a price war with Dangote, to keep a price of petroleum products high
very informative. thank you sir!
Nigeria 🇳🇬 has been dead and buried for years and this political cabals are not even helping to revive it
That means we should be expecting new inflation figures
NIGERIA and wahala
Another wahala