manutayo:

I grew up in cote dívoire and this no new for me. All Ivorian are aware of nigerian oil being refine in cote dívoire and many more.

careytommy:

Thank you!
@ topic
is this supposed to be news?
like where have you all been?
this ish started during IBB's era

Beaf:

^
Firing will simply not work, the thing is like an octupus with deep tentacles into the very soul of Nigeria. The whole NNPC should be scrapped along with the fuel subsidy, we should all fight to remove govts hands from any sort of business or money generation, except where our national security would be threatened.

If we enthrone true federalism and back the PIB, we wouldn't have institutions like the NNPC.

alj_harem:

I am deeply shocked that people are surprise at this

When I was saying it the other day, The ideeiot called Point B was arguing with me saying bull crap. LOL Have I not be vindicated now ?

Nigeria refines her oil in the following country

UK
GHANA
IVORY COAST
BENIN REPUBLIC
RUSSIA
AMERICA
among others

those countries I mentioned, I am sure of them with hard facts. there is no point in sugar coating anything

The most painful part of it is what I am about to tell you

Now The refinary in the UK and Ghana in which our FG refine her oil is located at the ports.

thus whn Nigeria stu.pidlly ship her crude oil to lets say UK for 1 million dollars, it is refined right there at the port and given back to them almost as quick as they recieved it for 10 million dollars, Also the UK retain some of that oil



Thus we sell the raw material for 1 million dollars, they sell it back to us for 10 million dollars and yet still they retain X amount of barrels for themselves since Nigeria does not have good people in calculating Logistics. AT THE PORT, * pls remember that*

That is the sad nature of Nigeria, Now think about the government removing subsidy without Nigeria own refinary.


Now who are the owners of these refianeries ?

well of course the UK, america and russia is owned by each country to get there revenue from a silly black nation.

as for Ghana, the government has a signed deal with Nigeria NNPC to do such thus, they give the oga's in NNPC some change to shut them up

[size=14pt]Ivory coast and benin republic is owned by yours trully, IBB, Danjuma, Abacha, Uba brothers, OBJ, among others aka past generals.[/size]

Why are they doing it ?

Of course to secure their investments for stolen money. I mean you don't want a revolution to occur in Nigeria and the newly installed government ceasing their refinaries from them.

Also to develop a good relationship with those governments I mentioned.

A-ZeD:

The Nigerian Police is corrupt lets scrap the police
The Nigerian Military is corrupt lets scrap it too,
Political parties are corrupt lets scrap them too,

Beaf:

I wish you will continue making sensible posts like this, instead of sounding troubled all the time.
Those men are richer than Nigeria and all supported by ethnically / religiously bigotted networks, unimaginably vast sums of money and military links.
That is one solid reason why the subsidy and eventually NNPC MUST GO; fighting those people will just suck the blood out of the whole country. Oil is our only revenue earner, and they hold us by the jugular.

alj_harem:

Haba beaf you don start again.

removal of subsidy would not change the fact that our country does not have refinaries and thus have to go to those countires to refine our crude oil, or does it ?

Haba beaf don't turn logic on it's head

alj_harem:

Haba beaf you don start again.

removal of subsidy would not change the fact that our country does not have refinaries and thus have to go to those countires to refine our crude oil, or does it ?

Haba beaf don't turn logic on it's head

Beaf:

Damn right.

Beaf:

It will remove the entire ecosystem of corruption that those who own the country have created. Each one of us is a slave, paid off with N65.00 per litre fuel, whereas the entire money for the country is going straight into a few hundred pockets. They legally steal all of our money, only to turn round and piss on us, but we've been paid to be quiet with N65.00 fuel, just as the National Assembly is paid to maintain the status quo with salaries for doing absolute fuckry that are higher than Obama's. It is best to deeply understand your country and how you've been sold.

And lets not forget that they have set the system up so that the wanton theft is 100% legal. Whites enslaved us in the past and we fought, they colonised us and we spilt blood; so why would we allow fellow Nigerians enslave us for a paltry N65.00 per litre of petrol? I'm sure Nigerians are smarter.

alj_harem:

Beaf from the very first day this subsidy thing started I was in support of the removal of subsidy because I understand what was going on. Thanks for your further explanation.

Now my argument is not that the government should not remove the subsidy, My argument is the period of the removal of subsidy.

You see, if the government removes subsidy without our own refinery, that is a complete waste of time and resources.

Our OWN refineries should be working to produce at least 80% of our nation's fuel consumption. Once this is done, then the government should remove the damn thing and stop enriching some specific individuals.

But if the subsidy is going to be removed next year and our refineries are not working to scratch, It is just the same old system again.

The government would import crude oil from these same people and they would pay them off.

Back to square One.

Do you see my point ?

It will remove the entire ecosystem of corruption that those who own the country have created. Each one of us is a slave, paid off with N65.00 per litre fuel, whereas the entire money for the country is going straight into a few hundred pockets. They legally steal all of our money, only to turn round and piss on us, but we've been paid to be quiet with N65.00 fuel, just as the National Assembly is paid to maintain the status quo with salaries for doing absolute fuckry that are higher than Obama's. It is best to deeply understand your country and how you've been sold.

And lets not forget that they have set the system up so that the wanton theft is 100% legal. Whites enslaved us in the past and we fought, they colonised us and we spilt blood; so why would we allow fellow Nigerians enslave us for a paltry N65.00 per litre of petrol? I'm sure Nigerians are smarter.

Beaf:

Your argument leaves out the most important variable which is; exactly how much fuel does Nigeria consume?
That little question hides a lot of ugliness.

I can bet you that the figures bandied about as our total fuel consumption are all FALSE. They have been beefed up and padded to allow for extraordinary levels of smuggling, all subsidised by the Nigerian government. Therefore, the figures given as Nigeria's fuel consumption are really for vast proportions of the combined figure for Niger, Chad, Benin Republic, Burkina Faso, Cameroon and Nigeria.

If our fuel consumption is only a fraction of the figure bandied around, it follows that our refineries are in much better shape (aside Kaduna) to fulfill a great percentage of local demand. In that sense, the benefits will be felt quite quickly and there is no point waiting for them to run at a 100% before smoking out a den of vipers.

Beaf:

Your argument leaves out the most important variable which is; exactly how much fuel does Nigeria consume?
That little question hides a lot of ugliness.

I can bet you that the figures bandied about as our total fuel consumption are all FALSE. They have been beefed up and padded to allow for extraordinary levels of smuggling, all subsidised by the Nigerian government. Therefore, the figures given as Nigeria's fuel consumption are really for vast proportions of the combined figure for Niger, Chad, Benin Republic, Burkina Faso, Cameroon and Nigeria.

If our fuel consumption is only a fraction of the figure bandied around, it follows that our refineries are in much better shape (aside Kaduna) to fulfill a great percentage of local demand. In that sense, the benefits will be felt quite quickly and there is no point waiting for them to run at a 100% before smoking out a den of vipers.

1025:

@beaf,
you sound more informed than our incumbent president.
if you as a lame man knows all this, what about our president? it was in his presence that bankole made away with billions of naira. the problem with our corruption is not the ability to identify it but the ability to punish these ABOVE THE LAW OFFENDERS.
give me any name of a pdp member and i will convience you of his dirty deals.
at the end of the day, you and i can point to at least 50 politicians and mention their dirty deals yet our jonathan pretends to know nothing about it.
how can a jonathan whose wife is corrupt and has her case file stored in the evil coven of pdp try other corrupt ppl? impossible is the word.
my mind is saying u are jonathan's representative here so tell him, this country will not be the same if he tries the removal of fuel subsidy.
no matter how clever jonathan wants to be with us, we heard him call ibb his mentor/role model, we are not fools. he knows all these things and he is part of it.
let them continue with their stealing as long as fuel subsidy is not touched.

A-ZeD:

Its posts like this that make people call you GEJ spokesperson, Scrapping NNPC and removing fuel subsidy does not stop corruption, The money saved from fuel subsidy would still be handled by this so called people or are the people going to manage the saving from subsidy fall from heaven??

I agree with you that the figures bandied around are FALSE, but GEJ should first be concerned about getting the right figure with an error margin of about 5%,

alj_harem:

Ok I see but I have evidence that Nigeria consumption of fuel is even higher than predicted by NNPC.

but lets assume you are absolutely correct, Now if NNPC cannot produce that fraction you are talking of, would we not be experiencing fuel scarcity very other week ?

Nigeria cannot produce the petrol it consumes fact.

Now I would like to explain how like of IBB and co made their wealth but it is too long for me to type down but I would give you a hint if you are less busy, you can research about it.

From crude oil exportation alone, the exporter and the refinary make money also keep some refined product to themselves

when it has been refine, the export can make 10 times his profit as he feels like thus fuel scarcity

then NNPC does not have a large enough storage to store our oil and thus private owned reservoirs make money and also keep some oil to themselves.

Thus at this point the exporter has made 20 times his profit

then he then takes some of the stored crude oil to the black market and makes even more money

at the end of the day the export aka onado and co have made 30 times more profit of what they were meant to make.

Why because they have taken advantage of the situation of the FG and NNPC.

I would tell you the truth now my brother, if the government removes subsidy, it would not stop the profit of the importers

Subsidy is only a small part of the profit and milking of the importers. FACT !!!

the government would be very easy to dupe if they do not build the refinary

The NNPC aka the government would still buy oil from this people . if before they buy it for 20 billion naira at 65 naira per liter, now the exporter can call it 30 billion naira at 145 naira per liter apart from the subsidy money if the government wishes.

alj_harem:

Ok I see but I have evidence that Nigeria consumption of fuel is even higher than predicted by NNPC.

but lets assume you are absolutely correct, Now if NNPC cannot produce that fraction you are talking of, would we not be experiencing fuel scarcity very other week ?

Nigeria cannot produce the petrol it consumes fact.

Now I would like to explain how like of IBB and co made their wealth but it is too long for me to type down but I would give you a hint if you are less busy, you can research about it.

From crude oil exportation alone, the exporter and the refinary make money also keep some refined product to themselves

when it has been refine, the export can make 10 times his profit as he feels like thus fuel scarcity

then NNPC does not have a large enough storage to store our oil and thus private owned reservoirs make money and also keep some oil to themselves.

Thus at this point the exporter has made 20 times his profit

then he then takes some of the stored crude oil to the black market and makes even more money

at the end of the day the export aka onado and co have made 30 times more profit of what they were meant to make.

Why because they have taken advantage of the situation of the FG and NNPC.

I would tell you the truth now my brother, if the government removes subsidy, it would not stop the profit of the importers

Subsidy is only a small part of the profit and milking of the importers. FACT !!!

the government would be very easy to dupe if they do not build the refinary

The NNPC aka the government would still buy oil from this people . if before they buy it for 20 billion naira at 65 naira per liter, now the exporter can call it 30 billion naira at 145 naira per liter apart from the subsidy money if the government wishes.

Beaf:

Dude, first of all, thanks for that illuminating post.
The removal of the subsidy is not just about the govt ceasing to pay importers. It is about complete overhauling and deregulation, so nobody is expected to be able to export crude, only to reimport it, smuggle it Cotonou and get 100% paid for the evil effort by the FG. The whole system is changing and the bloodsuckers are getting swept away. I imagine that new rules would mean each importer having to reapply. . . You know the drill!