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Fuel subsidyremoval is the way forward! Fiscal federalism is on the way! Why would one be cheating another and complain when justice is about to be done! Everybody pay for the fuel you consume,  After all Govts even before now has been corrupt,  was there subsidy when cocoa was the revenue source? Even Milo was not cheap or subsidized,

CHEI I MISS O0O00O

I WISH I WAS IN 9JA THAT NA MY AREA

muami:

Fuel subsidyremoval is the way forward! Fiscal federalism is on the way! Why would one be cheating another and complain when justice is about to be done! Everybody pay for the fuel you consume,  After all Govts even before now has been corrupt,  was there subsidy when cocoa was the revenue source? Even Milo was not cheap or subsidized,

Shut up your stupid mouth! Do you have a brain at all? Read your posts and ask yourself if you went to school! Agbaya!

na true, the guy na get brain atall!

Anyone can occupy all the Parks and Squares in Lagos and Abuja for as long as he so desires. However, if any one dares shut down oil production, then we shall occupy it permanently and let those who holding the jamboree/carnival at squares and Parks subsidize fuel with their taxes. ENOUGH is ENOUGH!

Number of Barrels of Crude Oil Sold/Day = 2Million Barrel @ $110
= $220Million/Day

Revenue on Crude Oil Export/Year =$220Million * 365
=$80.3Billion/year

Convert to Naira =$80.3Billion * N150
=N12.1Trillion

Total cost of budget/year =N4.5Trillion

Leaving up to N7.5Trillion apart from IGR and others.

Nigerians are not fo.ols, something is wrong with bad.luck,

Number of Barrels of Crude Oil Sold/Day = 2Million Barrel @ $110
= $220Million/Day

Revenue on Crude Oil Export/Year =$220Million * 365
=$80.3Billion/year

Convert to Naira =$80.3Billion * N150
=N12.1Trillion

Total cost of budget/year =N4.5Trillion

Leaving up to N7.5Trillion apart from IGR and others.

Nigerians are not fo.ols, something is wrong with bad.luck,

some people don chop money o

^^^
Sorry your figures are way wrong.

The price of oil did not average $100 per day last year, it fluctuates between $90 - $100.

The average production per day is around $2.2 - $2.4 million barrels per day.

The government share of the proceeds is between 55% - 60%, the joint partner companies take the rest.

The government also have to pay their own share in the joint partner arrangements

Well I do not blame you, since the government operate in secrecy and not provide information on its oil receipts, all we can do is speculate.

^^^^
Do you know the meaning of average Sir?

Sorry your figures are way wrong.

The price of oil did not average $100 per day last year, it fluctuates between $90 - $100.

The average production per day is around $2.2 - $2.4 million barrels per day.

The government share of the proceeds is between 55% - 60%, the joint partner companies take the rest.

The government also have to pay their own share in the joint partner arrangements

Well I do not blame you, since the government operate in secrecy and not provide information on its oil receipts, all we can do is speculate.

Of course joint ventures and all but it actually sold for over $100/barrel at some point during the Arab spring revolution.

Now add other gov't incomes from tax, import duties, and e.t.c

Goodmorning pals,
The ongoing wild protest is not the best thing that should be happening to our country now, BUT, if it will bring about the EVER HOPED DRASTIC MOMENTUS WAVE needed in our political life to drive the basic issues that has been proposed by different committees set up in view to have a functional and people driven CONSTITUTIONAL AMENDMENT, as we all know that Nigeria has been governed from the Colonial era constitution to the Military era administrative view and constitution. If the federal government should allow the states governors to be in charge of their water ways but with PRESIDENTIAL MONITORING TEAM through THE NIGERIAN MARITIME ADMINISTRATION AND SAFETY AGENCY and the NIGERIAN CUSTOMS SERVICE and other relevant agencies i believe that the corruption of OVER QUOTATION OF IMPORTS AND THEIR GHOST IMPORTERS WHICH RESULTED TO THIS HIKE IN FUEL SUBSIDY COST that takes place during oil vessels discharge would have been drastically minimixed.I STAND TO BE CHALLENGED THAT, ITS ONLY THOSE THAT ARE RELUCTANT TO BELIEVE THAT THERE ARE SOME BASIC FUNDAMENTAL ISSUES THAT URGENTLY NEEDS TO BE SEEN TO BE ADDRESSED FIRST WITH OUR GOVERNMENT WILL CASUALY AND GULLIBLY AGREE TO THIS POLICY HOOK,LINE AND SINKER. When there is A NO PURPOSE DRIIVEN federal, state and local administrative frame work in place with VISIBLE MEASURES TO EFFECTIVELY CHECKMATE EACH OTHER the so called CABALS will always find it EASY TO ROMANCE WITH THE GOVERNMENT. "Whenever the government lacks the POLITICAL WILL to implement any kind of HAVEANLY POLICY the ECONOMIC WOLVES will always find their way through". What we are saying is that if we eventually agree to pay this money and the government saves their own that the money you tend to save will never still be justified proportionately to what you would have paid on our behalf. A GOOD TRANSFORMATION MUST BE POLICY PROPELLED BY THE NATIONAL ASSEMBLY, EXECUTIVELY IMPLEMENTED BY THE PRESIDENCY AND MINISTERS AND JUDICIOUSLY JUSTIFIED BY THE JUDICIAL ARM OF GOVERNMENT WHEN VIOLATED BY THE CABALS AND NOT BY PRESIDENTIAL DECLARATIONS AND MERE VISIONS. Subsidy was carefully emanated and came to be through through a procedural ACT OF LAW, SO WHY NOT LET IT GO THROUGH THE SAME PROCESS, if you are anti subsidy removal please copy and paste, OCCUPYING NIGERIA FOR A GREATER FUTURE.

Sorry your figures are way wrong.

The price of oil did not average $100 per day last year, it fluctuates between $90 - $100.

The average production per day is around $2.2 - $2.4 million barrels per day.

The government share of the proceeds is between 55% - 60%, the joint partner companies take the rest.

The government also have to pay their own share in the joint partner arrangements

Well I do not blame you, since the government operate in secrecy and not provide information on its oil receipts, all we can do is speculate.

make your own calculation and see where you'd arrive! not much difference man

paragonpro:

^^^
Sorry your figures are way wrong.

The price of oil did not average $100 per day last year, it fluctuates between $90 - $100.

The average production per day is around $2.2 - $2.4 million barrels per day.

The government share of the proceeds is between 55% - 60%, the joint partner companies take the rest.

The government also have to pay their own share in the joint partner arrangements

Well I do not blame you, since the government operate in secrecy and not provide information on its oil receipts, all we can do is speculate.

thank you for this analysis my Albert Einstein

Fuel subsidyremoval is the way forward! Fiscal federalism is on the way! Why would one be cheating another and complain when justice is about to be done! Everybody pay for the fuel you consume, After all Govts even before now has been corrupt, was there subsidy when cocoa was the revenue source? Even Milo was not cheap or subsidized,

You don't do anything in the UK other than drinking. You need to seat up tight! That reminds me, why did you leave the shores of Nigeria?

Majority also mean all the FOOLS are on the same side.

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[img]http://c0014134.r32.cf1.rackcdn.com/x2_a6068d9[/img]

^^^

The average for last year was $97.

Besides the government used a benchmark of about $65 and put the rest in a sovereign wealth fund.

Also the budget you are talking about is the federal governments share of the money, the state and local governments get about 45% of the total revenue

People Power

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[img]http://c0014134.r32.cf1.rackcdn.com/x2_a613937[/img]

;d

paragonpro:

^^^
Sorry your figures are way wrong.

The price of oil did not average $100 per day last year, it fluctuates between $90 - $100.

The average production per day is around $2.2 - $2.4 million barrels per day.

The government share of the proceeds is between 55% - 60%, the joint partner companies take the rest.

The government also have to pay their own share in the joint partner arrangements

Well I do not blame you, since the government operate in secrecy and not provide information on its oil receipts, all we can do is speculate.

aluta continua!

jamace:

aluta continua!

people are still on the street, though not at ojota and other areas but on the major roads. aluta!

Live on TVC! Thousands v now gathered at d Africa Shrine at Alausa , Ikj . Led by Femi Kuti . Dey r headg towards Gani Park defying d condonement of Ojota park by military. Youths v gathered dia. Foreigners r dia also. D slogan in d air is how many civilians v soldiers killed before! Pls let us pray for d country ooo!

We all know that these labour peeps are sell-out.

It takes a bunch of brainless id!ots to trust them.

That's why Igbo traders refused to join them from day one of their mass hysteria.

In their little mind, they think that they won in the standoff with Jona.

It has always been their pattern all the years.

First, they will inflame people's emotion with their comments.

Then exploit the anger of the masses.

Only for them to go to the back and cut deal with the govt.

Leaving the stup!d masses high and dry.

Too bad that some folks sacrificed their life in this id!ocy.

Igbo people are the most sensible in this debacle for refusing to join up in this group id!ocy.

At the end, nothing is achieved, nothing changes and the little gain of these id!ots will soon be reversed.

mtcheeew. . .phantom country with foolish masses.

It takes an id!ots to be led by f[i]o[/i]ols