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Nairaland Forum / Nairaland / General / Politics / N40 Pump Fuel Price Is My Figure, Not Buhari’s, Says David-west (21897 Views)
Fraud@pump/fuel Station / Buhari Will Reduce Fuel Price To N40 Per Litre — David-West / Tam David-West Tells Jonathan "Look For Shoes Quickly And Go Back To Otuoke” (2) (3) (4)
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Re: N40 Pump Fuel Price Is My Figure, Not Buhari’s, Says David-west by philips70(m): 1:30pm On Apr 24, 2015 |
koligs: Quit reading books written by haters and the frustrated so you don't live a life filled with self hate and frustration. This is a very valid advice. |
Re: N40 Pump Fuel Price Is My Figure, Not Buhari’s, Says David-west by tociano009(m): 1:32pm On Apr 24, 2015 |
CR77: |
Re: N40 Pump Fuel Price Is My Figure, Not Buhari’s, Says David-west by anigold(m): 1:49pm On Apr 24, 2015 |
zeekz: see agent of change. hahahababababah one of the APC KING PIN. I really pity GMB with all these sycophants around him how is he going make the positive changes, I hope your case won't be worse than GEJ"s tenure ooo... Too many sycophants+ex-corrupt PDP politicians + corrupt APC CHIEFS= A failed governance 1 Like |
Re: N40 Pump Fuel Price Is My Figure, Not Buhari’s, Says David-west by Nobody: 2:26pm On Apr 24, 2015 |
imbless: You are wrong guy, fuel was less than N40/L during GMB'S 23months in office in the 80s. Am not certain here, but I think abacha either increased the pump price to N22/L or he met it at N22/L. If truth be told, as far back as 2012,the landing cost of imported PMS was actually less than N40/L (I recall reading the stuff by d Texas Professor, a Nigerian who is an expert in oil & gas in Texas), how much more if we fix our refineries and refine what we need for local consumption..... This is the reason honest Nigerians who are knowledgeable abt oil & gas have always been of the opinion that subsidy is at best a hoax,....slush funds for the boys. |
Re: N40 Pump Fuel Price Is My Figure, Not Buhari’s, Says David-west by Nobody: 2:33pm On Apr 24, 2015 |
anigold: Guy, believe me, you do not know Tam David West. Ask any knowledgeable graduate of the University of Ibadan, Prof West is an exemplary Nigerian, he lives frugally, and prudent to the core. Tam David West is no sycophant,......and by every yard stick, he stands taller than stomach infrastructure professors like Jerry Gana (any govt in power). |
Re: N40 Pump Fuel Price Is My Figure, Not Buhari’s, Says David-west by Nobody: 2:34pm On Apr 24, 2015 |
bushdoc9919:what did da excess abokii ex dictators and president do for about 40yrs? |
Re: N40 Pump Fuel Price Is My Figure, Not Buhari’s, Says David-west by Nobody: 3:19pm On Apr 24, 2015 |
Rexxie: Built 3 out of our 4 refineries actually. them abokis.....the last of which was completed by 1988. (And guess who is building number 5....that's right Dangote the Aboki!) And we brought in Johnny and Diz to sort out the problems arising from poor maintenance...which started in the 1990's...not 40 years ago. You PDPians....if you want to win elections....stop refusing to take responsibility. We know you did not cause the problems....we expected you however, to fix them! |
Re: N40 Pump Fuel Price Is My Figure, Not Buhari’s, Says David-west by Nobody: 3:26pm On Apr 24, 2015 |
bushdoc9919:oh,so u guys've bn shiiting on da goddamm floor since da '90s (didnt ibb come onboard in da '80?) n expects others to do da goddamm clean up,huh? Bra4knvo! |
Re: N40 Pump Fuel Price Is My Figure, Not Buhari’s, Says David-west by Nobody: 3:34pm On Apr 24, 2015 |
Rexxie: Actually....IBB was good for the petrol industry (Kaduna refinery was finished in 1988...and Eleme Petrochemical Complex was commisioned in 1990). The issues started with Abacha....and it went downhill from there. Johnny Goode came...saw the rot...and did zilch. As did OBJ and even Yaradua. Hence my annoyance. We know that PDP did not cause the problems....but we also expected them to fix them! Or was IBB in power for the last six years and no one told me? (See what you have done....you have made me defend IBB. Now...apologize!) |
Re: N40 Pump Fuel Price Is My Figure, Not Buhari’s, Says David-west by walepinna(m): 3:45pm On Apr 24, 2015 |
Damikevin: LOOOL |
Re: N40 Pump Fuel Price Is My Figure, Not Buhari’s, Says David-west by Nobody: 4:05pm On Apr 24, 2015 |
bushdoc9919: All APC agents speak before realising the implication of their statements. Which Nigerian parastatal has ever performed at FULL CAPACITY? Even the private sector companies are not running at full capacity talkless of moribund refineries. All those refineries became moribund in the 90's. They keep painting them to be shining like what you see at the Kaduna refinery whereas they are dilapidated. Buhari himself "don enter One chance". Fuel must sell for N40/per litre. Nigerians say NO TO SUBSIDY REMOVAL By the way see Professor Tam David West previous Analysis: IMPORTANT INFORMATION One barrel of Crude oil = 42 gallons or 159 litres 2) Our Refineries (i.e 4) Installed (co mbined) capacity = 445,000 barrels per day 3) Actual refineries capacity due to ageing equipment = 30% i.e. 133,500 barrels per day. 4) 133,500 barrels = 21.2 million litres 5) Local required consumption (F.O.S) = 12millions litres 6) It means that even our MORIBOND refineries can actually meet our local consumption need of petroleum. 7) The cost structure of crude oil per barrel (i.e. Qua Iboe Crude Oil) production; - - Findings / development - $3.5 - Production cost - $1.5 - Refining Cost - $12.6 - Pipeline/transportation - $1.5 - Distr/bridging fund Margin -$15.69 True cost of one BARREL of petroleum anywhere in Nigeria: - Total sum cost/barrel = $34.8 - 1ltr cost = $34.8/159 litres = $0.219 - Naira equiv. 0.219xN160= N35.02k - Add Tax N5 + N35.02 = N40.02 9) Let FGN refute the above composition and if not, they should tell us how they came about N95/N85 litre. 10) Locally refined products cannot be sold at International price. 11) We really do not need FGN subsidy as there was NONE in the first place. 12) What is LACKING, is the WILL to enforce LAW ON CORRUPTION. Pls re-post until it gets to the right quarters for their response; We still stand a chance as a COUNTRY. Analysis by Professor Tam David West, former Petroleum Minister. 1 Like |
Re: N40 Pump Fuel Price Is My Figure, Not Buhari’s, Says David-west by solidifi: 4:43pm On Apr 24, 2015 |
The government of Nigeria is a government of mis-match. Tam-David West, how does your profession match with petroleum industry? Square pegs in Round holes. You have started showing how you people will mislead Buhari. And it is obvious that Buhari doesn't rule but his deputy, and you people want to mislead him the more. He'll see what GEJ saw. |
Re: N40 Pump Fuel Price Is My Figure, Not Buhari’s, Says David-west by tunnary(m): 6:51pm On Apr 24, 2015 |
Tatafo |
Re: N40 Pump Fuel Price Is My Figure, Not Buhari’s, Says David-west by godwin120alex: 8:42pm On Apr 24, 2015 |
We shall surely hold Baba n pastor accountable |
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