Oo Nwoye

@nonso2 @seyitaylor @Bayobabalola 1. Government owns the monopoly of crude oil. 2. Government gives a monopoly to prospecting companies.

@OoTheNigerian @seyitaylor @Bayobabalola ... People will just import. After all the price is the same irrespective of where you buy it from

@nonso2 @seyitaylor @Bayobabalola ig government owns crude oil, they can sell it below the market to their refineries. No?.

@OoTheNigerian @seyitaylor @Bayobabalola ... greater than the discount.

@nonso2 @seyitaylor @Bayobabalola exactly. So the pros and cons of a low price should be discussed. I am not proposing "fuel must be N20"

@OoTheNigerian @seyitaylor @Bayobabalola market pricing does not mean prices must be high. It means that given enough competition it will...

@nonso2 Yes. It also means you can "rigg it" so prices will be where you want it ot be. e.g 100 refinery licenses @seyitaylor @Bayobabalola

@OoTheNigerian @seyitaylor @Bayobabalola again... not a problem with the market but a problem with the govt.