Wodu89:




Smiles. You're indeed not seeing the whole picture


I'm talking about the structure and functionality of the NLNG as against the lack of functionality witnessed in the core petroleum industry over the past decades. And that a desire to make things right is the only rather critical ingredient needed

You are missing my point. The reason NLNG works is because the Nigerian government is the minority partner. We need to replicate this across all industries and allow local participation through listing.


I've seen plenty abokis with license to life crude, import etc. I've never seen a southerner with such. Not saying they don't exist. I'm saying the morinound state of our institutions are the reasons why policies do not work both that policies are bad.

A lot of southerners have oil import licences. Fraud is democratised in Nigeria and that's the reason it is so resilient.


I believe in restructured fuel subsidy so the nation gives back directly to it's citizenry. We can not throw away the baby with the bath water. The policy isn't the enemy, the citizenry isn't the enemy. We must create and model national policies that drives national interests.

You can't get rid of cancer by sticking a plaster on the wound and taking panadol. Subsidy is a cancer that needs to be cut out.


Not just scrap policies from very myopic vantage points. Modern China today was born from a strong desire to build policies to build a nation

I dont understand how you can equate NGN to a country like China whose massive growth came from opening up its economy to Nogeria which has high invisible barriers to foreign investment. It is only in the last few years that China has practiced nationalistic capitalism.


People must allow the country work. Nigeria has been captured

BreconHills:


Captured? And you want subsidies and import controls to continue?

SonicDre:


Fuel subsidy has been removed...save cost on fuel and time waiting on long queue's.

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BreconHills:


You only have to look at NITEL to see that your argument is a false one. For years, NITEL was the only operator of fixed and mobile telecom lines as well as having a monopoly on overseas calling and even the Internet at its conception.

What was the result? Low quality and erratic services.

On de regulation prices of sim cards were 20k if you could get it. I remember queuing on a long line to get it. But I got it. Today what is the price of a sim card?

Subsidy is not only an inefficient way to manage capital it also allows for fraud. Do you know that one cargo can be used for 3 subsidy payments? Who pays that bill? People who die of preventable diseases and poor post medic care on simple procedures, people who go to university but don't get an education and high cost of business due to crumbling infrastructure.

Look I have an SUV but I will park it and use my matrix. I will do everything I can, cut every cost I can because this is about the future of my children and not whether I can eat Kellogs cornflakes or flex in a restaurant. Luxury businesses will shrink - no problem but this will be offset by growth and credit elsewhere.

Nigeria has NO choice. Any politician that says otherwise is a crook and a thief.

Now is the time. Let's stand up as a nation instead of licking the feet of those who throw us crumbs.

BigIyanga:

Wrong analogy. Govt made NITEL to bid for GSM; deploy services and compete with MTN, GLO, Airtel… but in this case, govt thru CBN subsidized Dangote refinery by offering FX @ CBN rate and import amd tax waivers.
NNPC invested about $3bn into Dangote while NITEL invested ZERO into MTN and co.
NNPC is the umpire of Naija Oil industry… NITEL is not.
NNPC is still controlling prices… NITEL died long time ago.
NNPC unlike Nitel is still issuing licenses to importer while at the same an investor in Dangote Refinery

ijustdey:




https://www.thecable.ng/nmdpra-were-ready-to-issue-petrol-import-licence-to-interested-companies/amp

BigIyanga:

Wrong analogy. Govt made NITEL to bid for GSM; deploy services and compete with MTN, GLO, Airtel… but in this case, govt thru CBN subsidized Dangote refinery by offering FX @ CBN rate and import amd tax waivers.
NNPC invested about $3bn into Dangote while NITEL invested ZERO into MTN and co.
NNPC is the umpire of Naija Oil industry… NITEL is not.
NNPC is still controlling prices… NITEL died long time ago.
NNPC unlike Nitel is still issuing licenses to importer while at the same an investor in Dangote Refinery

yaki84:
oga allow GEJ to rest, he left 8yrs ago.
Within those years, Buhari don remove subsidy more than 4times...

The same Nigerians said he was heartless,clueless when he did it.

Why Tinubu is succeeding today is because he is from the majority tribe with more illiterates...

Buhari succeeded cause of this too..

How many ijaws r there that can speak for a just cause??

In Nigeria Delta board, there is a member that is from non member states
But in North East devt board, such shit isn't there...

Will u still blame GEJ?

BreconHills:


A true word.

onatisi:
In this life ,intelligence and brilliancy is not enough. Without courage , determination,guts and balls one is going nowhere .
All the accolades and praises been heaped on Tinubu today for removing fuel subsidy could have been given to gej if only he had the balls and courage to stick to his guns and maintain his stand then .

02Kebreal:




Tinubu never removed Subsidy,Buhari did

onatisi:
lolz , oga please read my post and comment again and point out where i blamed Gej for subsidy removal, read the blame i am blaming Gej and you will understand my comment better

fineboynl:
how much. And don’t ask me to contact you on phone/whatsapp because I won’t.

Corea4king:


I just tire.
Our problem is not removing subsidy but channeling it at right source.
If all the borrowed money was channel into our local refinaries,we won't be in this mess now

BreconHills:


When Dangote and Otedola came together to acquire local refining way before thoughts of building his own mega refinery what happened? The NLC killed it because it was "inimical" to refinery staff. Look at where that decision has taken us. Look at the trillions lost because GEJ and PMB kicked the can down the road.

NNPC is a private company that was being used by the government as a funding spv and compensated with sole import licences. Don't forget that when NNPC took up importation no one wanted it. This afternoon public RFI's have been issued for more importers. Whenever you think of NNPC remember that is not a government entity even though it is treated as one ( this will change) Remember also that the Min of Finance has also been incorporated with about 7 trillion naira worth of assets.

Where we are going is unlocking dead capital through equity instead of debt.

I believe the foreign investors which have responded well so far will show interest in investing in our infrastructure.

Wodu89:



GEJ did nothing..leave the hatred for south south alone. Before many of you guys became enlightened. As far back as 2001, Obasanjo anticipated this problem and there was issuance of refinery licenses..over 20 licenses were granted and the issue dragged for over 10-18 years after.

When EU was hunting for alternative supply to Russia immediately Buhari entered. Rather than pursue this deal securing massive FDI through partnerships, he left off to pursue Ipob

Let's leave this attitude of pitching GEJ and the SouthSouth as the weak ones responsible for problems. What tribe dominates the petroleum sector and has refused it to work optimally for decades


Abeg enough with your half truths

ijustdey:




https://www.thecable.ng/nmdpra-were-ready-to-issue-petrol-import-licence-to-interested-companies/amp

onatisi:
In this life ,intelligence and brilliancy is not enough. Without courage , determination,guts and balls one is going nowhere .
All the accolades and praises been heaped on Tinubu today for removing fuel subsidy could have been given to gej if only he had the balls and courage to stick to his guns and maintain his stand then .

BreconHills:


Who is hating on South South? Can you even read?

Wodu89:
The bigger enemy isn't subsidy , but lack of management and control of subsidy payments because of infalted invoices.

The citizenry looses alot with the removal of subsidy payments because in this clime, salaries do not increase readily, meaning purchasing power becomes more and more difficult with this economic overhaul.

Maintaining the subsidy is to the benefit of the average citizen. It's managing the invoicing system that's the problem. We can have metered and regulated suslbsidy payment in place with FG placing caps on subsidy payment and then hedging the excesses against Government backed bonds, so short term economic traction is cushioned by long-term macrofinances of the court ey.

If invoicing and lack of accountability is the issue with feul subsidy, then why don't we grant licensing that pays subsidy payments based on metered importation allowance?


When would Nigeria let thinking people lead ? When !


The same 2012 problem is repeating itself. Sensationalism. Assuming that the subsidy only implies people stealing,.forgetting or not even considering it's benefits.


The average minimum wage of a worker can't mean anything in a post subsidized feul economy.


Increase in food prices, Housing, transportation, lifestyle all at once without corresponding rise in salary payments is nothing short of a disaster. Be it Peter Obi, Tinubu, Atiku subsidy removal must be planned and strategized before actualized


In the end, the bigger enemy is the Hausa Fulani hegemony who setup cabals in all state instructions to run them down so private ones are setup to mop up the national treasury. Nigerian refineries and Dangote is typical

If Hausa and Fulani allowed our refineries worked like NLNG, we wouldn't be talking subsidy removal or Dangote


The focus must be maintained. For Nigeria to work, Hausa Fulani hegemony has to die

Toks2008:


You get sense jare

johnjose68:


Okay daddy

b3llo:
Tinubu is courageous for ending the subsidy regime. We pray it is for the good of Nigerians.

Wodu89:



Oga. GEJ's name should not be anywhere where the country is presently when it comes to negative sentiments. That's over nine years ago. Wake up and quit being sentimental. If it's not Gej this or that. You guys are shameless.


If your Buhari were any better. Why didn't he build refineries and avoid this problem altogether. Or did Emefiele not promise new refineries or getting the old ones revamped ?

Or, did Dangote spend more than five years to build his. To mention GEJ where the nations current problem is at this point is shameful, classless, full of hate and outrightly stvpid

Wodu89:



Oga. GEJ's name should not be anywhere where the country is presently when it comes to negative sentiments. That's over nine years ago. Wake up and quit being sentimental. If it's not Gej this or that. You guys are shameless.


If your Buhari were any better. Why didn't he build refineries and avoid this problem altogether. Or did Emefiele not promise new refineries or getting the old ones revamped ?

Or, did Dangote spend more than five years to build his. To mention GEJ where the nations current problem is at this point is shameful, classless, full of hate and outrightly stvpid

Ebubu2:
Want to issue petrol import license?

Does that mean that subsidy will continue?

I thought we’ll all be using Dangote petroleum?