Again?? These Kano guy are resilient! New level of Respect!!!

I think that's the same protest from mid-week.

jason123:

Again?? These Kano guy are resilient! New level of Respect!!!

koruji:

I think that's the same protest from mid-week.

Probably! If not, they have my respect for being resilient!

May his gentle soul rest in peace. Jonathan we no go agree ooo.

mukina2:


http://dailytrust.com.ng/index.php?option=com_content&view=article&id=151772:protester-killed-in-kano-nba-impeach-jonathan-if&catid=2:lead-stories&Itemid=8

And 27 Igbos were massacred in Mubi Adamawa state and eight worshippers in Depper Life Church in Gombe state.
Source- The Nation Newspaper.

sad

"The OCCUPY YOUR BRAIN MOVEMENT has BEGUN!!! Enough of the constant fight with your brains and thinking faculties. Enough of the constant neglect. Enough of placing them in shelves like decorations. Enough of locking them in cupboards. The time to bring them out, dust them up and USE is NOW!! OCCUPY YOUR BRAIN!!“ - Teekay Akin FreedomMovementVoice

i dont really know what to say,exactly or what to believe.

Respect!!!
#OccupyNigeria Movement-Kano, they have shown resilience. Albeit showing us the way to go. All these police brutality got me thinking, do they goto a difft market for their shopping (uniform men) don't they use the same transportation service we are complaining about? Daft Nigerians, Lets see who has the last laugh

Rest In Peace.
Monday will witness the mother of all battles.

May his soul rest in peace, AMEN.

http://www.lrinvestments.in

Liberty Reserve Investments, you can check it out.

Good! Absolutely good!! The ear that doesn't hear follows the corpse to the grave. Stop this fuel subsidy protest and protest agains boko haram; they said NO that their pocket is more important than lives. Ok, Good! You have to bear the consequences; Now he's dead will he enjoy life again?? #150 has cost my fellow creature his life. God have mercy on you nigerians that are against economic recession. I hope others will learn from this

The first report I'm  reading this morning is filled with sorrow and death,when will someone start reading good news in this country? I'm just so fed up with the wickedness of the NPF,that's why they'll never prosper.
GEJ and his cohorts will not go scot free,God will surely judge them for the pains they are causing the masses.
 
May the soul of the dead RIP and to the injured I wish a speedy recovery.

Ch@nges:

Good! Absolutely good!! The ear that doesn't hear follows the corpse to the grave. Stop this fuel subsidy protest and protest agains boko haram; they said NO that their pocket is more important than lives. Ok, Good! You have to bear the consequences; Now he's dead will he enjoy life again?? #150 has cost my fellow creature his life. God have mercy on you nigerians that are against economic recession. I hope others will learn from this

chng u'll b a coward 2 die in silence whn u r bn treatd jst lyk an animal wit out say, Protestin is an understndable way 2 b heard by govt, Bt it's so unfutunate dat a soul wz lost in d protst, May hz soul rest in peast, Jonathan is d worst eva in d history of 9ja

Ch@nges:

Good! Absolutely good!!

I honestly didn't care to read whatever it is you wrote after seeing the above.

How can you sit wherever you are and type that over the death of an innocent BOY who was ran over by the police? Are you even human? OMG people like you don't deserve to be called human I swear,amidst all I've been reading on NL this past aggressive days,that your statement above is the most wicked to me and it really got to me ,my God,people with a heart like yours often feel like they know better and therefore can safe guard their lives but you fail to forget that everyday might be your last on earth.
I know one shouldn't be careless but that boy did nothing wrong,he was only peacefully protesting,it was even at night when they had turned in.

with the way I feel this morning especially at that your comment I could go one forever but I'll stop,just take a moment to think about this life and world.

You may be privileged to be able to live with the removal of subsidy without feeling the impact but so many can't, that doesn't make your life worth more than that of the young boy,we are all equal before God. Learn to have, empathy no matter how small.

What is the difference between boko haram on the other, hand jona haram and the nigerian police haram?  I think they are all terrorist, killing innocent nigerians.

This is just so bad. The protesters were obviously armless, why would the police fight with them?
This is really bad. Folks dying unnecessarily. May God save us.
RIP brother

Some how, some will pay the supreme prize for the struggle. Justice is never gotten on a platter of gold. The struggle must continue.

May the soul of the departed rest in peace.

@ mamita99

read my initial post and tell me jonathan did not cause this problem 60%.

lets talk about this present subsidy regime, the Cbn gov has already confessed he has evidence. of round tipping , he said he paid subsidy on 15 fake vessels approved by customs.
what did jonathan do? nothing

the reasons investors did not build refineries over the years was lack of cheap crude in part but the biggest reason is corruption

how? licences were given to companies without the financial muscle to build refineries also part b of the license clearly states that these armed robbers have oil lifting license embedded in their refining license,
tell me who will choose refining over lifting where he makes instant profit and inflated subsidy
what did jonathan do? nothing as usual

do you know that NNPC does not have storage facilities for all those millions of products they are quoting and importing.
how exactly does Nnpc wish to store 30million litres of pms? odechukwu's scrotum I guess.

do you know that these fg goons went ahead to licence importers without storage facilities leading to the govt paying extra for storage on a product u are paying over 70 naira as subsidy can u beat this stup1dity and incompetence?

what did iweala and jonathan do? nothing,

do you know that these leppers in Nnpc have no grading structure for imported pms low grade,mid grade and high grade all na pms same subsidy, same price even ethanol blends have subsidy paid on them, can you beat that
? even abroad where the products come from have different prices. some are far cheaper than others which ordinarily should attract low subsidy
what did iweala do? nothing.



do you know that these bingos at Nnpc dont maintain their pipeline networks which ordinarily should link one depot to the other,
they have to pay extra for tankers transporting these products all na subsidy.
even their jv partners are maintaining over 1000 pipeline networks in Nigeria.

what did iweala do?
nothing.




do you know that under madueke's watch demurrage is paid as subsidy to these importers .
how cant they be reponsible for their import schedule, is it not commonsensical for madueke to prioritize the discharge of those vessels quickly in tank farms as not to attract demurrage for a product you are subsidizing.
madueke a toddler is smarter than you.

and you want me toughen for a better future? which future ? can iweala,Sls and madueke plan for a sustainable future if given the task?
dead failures.

for every extra kobo you pay on pms you paid for madueke's incompetence.

now they can see high expenditure but cant see how their incompetence is inflating the subsidy regime.

look at their teeth that economy will crash, u seriously think iweala will see it comming if it was true that economy will crash.

incompetent basta.rds.
I have a deal for iweala.

fight corruption in the subsidy regime and
bring it down to 300billion for this year.

let the management of Npdc have a target
of 150,000bbl/d by dec 2012.

on january 2013 subsidy will go by 50%
and by dec 2013 Npdc should guarantee
200,000bbl/d on
1st january 2014 subsidy must go 100%.
with or without the refineries on ground
,
then if im sacrificing I will know it has a
limit pending when refineries that will
utilize the cheap oil on ground arrives.
tell me what im sacrifising for today?
eternal slavery?

I and my generations cannot and will not
sacrifice for Govt's incompetence.
now, if you dont mind, I have placards to
paint.

@ dalover

read this and give me two reasons Nigerians shouldn't be on the streets

How many of you have researched on this subsidy issue before taking a stand?There are more misnomers than facts surrounding this subsidy brouhaha.

First,

the Govt said the economy will collapse, ridiculous indeedsecondly, the Govt said oil importers are a 'cabal', nearly fell off my seat.

Fellow Nigerians, there are no cabals, in 2009 the scarcity of petroleum products became intense and the Govt admitted that Nnpc through its subsidiary PPMC has failed Nigerians by their inability to meet up with the supply of pet. Products and that phenomenon gave rise to licensing of some people to 'assist' the Nnpc in doing their job for which they are paid for.

Please don't forget that hitherto, Nnpc has been doing the importation and refining themselves before corruption eroded their common sense.These importers went abroad and came back with a price Nnpc is already aware of comprising of logistics, storage and administrative costs, these were quantified before they arrived at a price.

The FG now fixed a price tag of 65naira on Pms and agreed to be reimbursing the importers the balance not oblivious of the fact that the landing cost is higher than the stipulated price

To my greatest chagrin, the Jonathan’s administration woke up and termed them 'cabals' who are fleecing the nation.

Assuming Ruben Abiati goes abroad to buy a TM underwear for 1k and decides to sell it 1.5k adding purchase price  plus logistics plus profit and the Govt tells him to sell at 900 naira, wont he ask for the 600naira balance?  When the incompetent NNPC agrees to reimburse him, then he has become a cabal stealing from the GOvt?

Are we this docile? If Nnpc lived up to their responsibility, we won’t have need for the importers in the first place.There is no doubt that the subsidy regime is met with corrupt practices, is it not the responsibility of the govt to clamp down on those malfeasance?

the Governor of central bank confessed during the town hall meeting that he paid subsidy to 15 fake vessels who connived with customs to falsify their papers.
is this not fierce corruption?
and we have a shameless commander in chief? by the way, how many naval officers patrol our waters on tax payers account? efcc,icpc etc

The only solution that came to the minds of this disgruntled PDP administration is to remove subsidy into-to not minding its inflationary consequences.

This is the si1liest approach any human being with brain if they have one can summon.

Thirdly,

Jonathan insulted the intelligence of Nigerians telling us  that we don't benefit from this subsidy except for the importers and he had the unbridled temerity to be advertising it on NTA saying the rich are getting richer.

This people are demons.
When Ruben abiati's mother goes to the market to buy vegetable at a price, does he not know that the seller included cost of transportation to that price?
So when the transporter buys PMS @ 65naira and fixes his price based on that, he says his mother did not benefit from the subsidy that guaranteed the price in the first place?


In a generator driven economy like ours?
It is either Ruben Abiati and his employers are drunks or they think that Nigerians are m0rons.

I feel sorry for people that think that competition will crash the deregulated price erroneously juxtaposing it with GSM.Do you know that the price of crude being the raw material for refined pet. Products are sold at the same price in the whole world?

If you agree to this, then, even if you deregulate and license 5million importers the product will still be expensive because crude itself is expensive. You will still need to subsidize it to 65naira, exactly why deregulation of diesel in part did not work.The only reason you have not bought diesel @ 200naira is because there are so many illegal refineries who bunker crude, settle JTF and refine diesel at a lower price.

This people still pose a great threat to the importers who buy at a higher price that is why you get diesel @ 140naira elsewhere but in the delta i buy as low as 70naira.At this verge you will not over rule the fact that these unscrupulous elements contribute to the availability of diesel, if you are in doubt, anywhere you see cheap diesel, ask the dealer the source of his consignment If he is honest he will tell you the truth, when i was told, i took an hr 20mins boat ride to a remote village in the delta between Belema and Kola communities and i saw the local refinery myself. I will post the pictures later.

Conduct a chemical test on those cheap diesels if you are not convinced and you will realize a lot of additives are missing.Sounds incredible but those are the realities on ground.You now know why many importers in the delta hardly have diesel.

I still feel sorry for those who think the Govt should build more refineries, that will not solve the problem either because there is no cheap crude to supply these refineries.

The oil production of Nigeria stands at 2.37 million barrels of crude daily. Nigeria get this crude in a JV (joint venture) with IOC's (international oil companies) and the Nigeria's cut stand btw 55% to 60% of the lot, if we go by 60% then, that gives a total of 1.4m barrels daily.If we average the crude price from 2009 till date, the price falls close to 100usd/bbl.In that case, Nigeria makes 140,000,000usd daily from this JV.

Nigeria has a policy called DSO (domestic supply obligation) which mandates 250,000bbl/d of this crude to be refined and consumed locally,In monetary terms, the Nigerian govt is giving us 25,000,000usd worth of crude to refine.

Our three refineries at optimum capacity utilizes about 450,000bbl/d which gives 45,000,000usd in monetary terms in other words, the price of raw material in this case, crude, accrued to our refineries comes at 45m usd per day

, if you add refining cost and profit of 6usd per bbl,The total cost becomes 270,000,000usd per day.There is no way you can refine that crude at that price and sell it 65naira/l and make profit.

Meanwhile, once we mark out that 45m usd worth of crude for our refineries (assuming they are working at optimum capacity), the govt has already lost 45m usd from their 140m usd daily earnings (which will affect budget implementation) and after refining will still spend more money to subsidize it to 65naira/l

With this analogy, you will agree with me that if all our refineries are working optimally, the govt will spend 3times our present day subsidy to bring the pump price down to 65naira/l.

So, for those of you clamoring for refineries should be careful what you wish for because there is no cheap crude for you to refine.

I have argued abinitio that the sales of other derivatives of crude will bring down the cost of most sort PMS,DPK etc but after doing some feasibility studies, i realized i was dead wrong.

I further argued that to make cheaper crude available for our refineries, the Govt should reduce the price at which it is supplied unfortunately, the senate mandated the then GMD of Nnpc that the DSO must be sold at international crude price.

This i believe was proposed for the following reasons:

1 the refineries are working below capacity so what the heck does Nnpc use the crude for?

2, there is a benchmark on crude price for budget implementation.With these reasons, any existing or yet to exist refinery in Nigeria will get crude at a high price and must need subsidy to sell at 65naira/l, at this cross road, the then GMD of Nnpc decided that all crude should be exported and subsidy be paid on imported products.

At this verge, i must reiterate here that competition amongst importers will only crash the profit margin but not cost price.Even if every Nigerian becomes an importer of pet. Prods, we can never change the fact that crude in the int l market is already expensive before thinking of refined prod. So we must need subsidy to make profit.

Before this issue of subsidizing petroleum products can be addressed,You must have the following at the back of your minds:

1, Nigeria pegs a benchmark on crude prices to enable it implement budget. This stands at 75usd/bbl. And this crude is sort from the JV

.2, if crude price exceed the benchmark above, Nigeria makes excess crude revenue (ECR)3, conversely, if we make excess crude revenue, the price of subsidy on refined products shoot up.With the above analogy,

One can argue that the ECR be used to subsidize imported petroleum products since both are a function of each other unfortunately in Nigeria, it comes with its own challenges.

By law, the constitution clearly states that all revenue accrued to the FG be shared amongst the three tiers of Govt.This alone makes it illegal for the FG to keep the ECR to itself for whatever reason.

This is where the wahala started, during GEJ's campaign, he astronomically increased workers salary without consulting the state Governors,most Governors have refused to pay on the grounds that they cannot afford it.

On that grounds Taraba, jigawa and some other states have a genuine case.With the above development, the states started scrambling for funds and remembered the ECR and insisted it must be shared to enable them pay the new wage and develop infrastructures.

you now understand why all state governors are for subsidy removal including the literally "one of us" comrade Adams oshiomole, because they know it will be shared just like the ECR

The way forward:

In the short run:

While the FG is consulting, they must consider these options,

1,  identify and tackle the corruption prevalent in the subsidy regime. That will push down the cost of the subsidy in the first place.Like i said in April, no matter how sincere GEJ think his administration is, he cannot make any reasonable progress in the face of corruption,

2, the power projects must come upstream before removing subsidy, this will reduce the demand on pet. Products to a very great extent.

3, Nigeria must accommodate Gas export, port duties and other forms of revenue in their budget implementation policies.

4,  Govt must never invest an extra kobo in our moribund refineries, by doing otherwise, the cost price of the refineries will rise to an extent that it will no longer be attractive to investors or will prolong their repayment plan.Thereby making it very capital intensive.

5, Instead of deceiving Nigerians with their cabal bullshit and deluding them that they don't benefit from this subsidy, the FG should channel that propaganda with intense lobbying to the senate,NLC and civil society organizations to stop the state governors from demanding for the ECR, this can be achieved by the FG asking the state to pay whatever increment they can afford for the workers that way the ECR will be used for subsidizing pet. Products.

In the long run:

Nigeria must seek local production capacity.It is no longer news that Nnpc and its subsidiaries have failed woefully in meeting the needs of the Nigerian people.

Nnpc through its subsidiaries Npdc and Ngc are saddled with the responsibility of the above for oil and gas production respectively, but as i write, the current production of NPDC stands at a paltry 90,000bbl/day which is a huge failure for an agency set up 23yrs ago,

The IOC's has made us believe that it will cost less than 12usd to extract 1bbl of our oil. The Management of NPDC must be reshuffled and if possible experts brought in on contract basis to improve NPDC's production.These experts must be placed on targets appraised by milestones. in ogoni land for instance, Anglo dutch has a lot of abandoned production facilities and marginal wells and others scattered all over the country, these can be bought by NPDC with the money FG want to waste on refineries to improve production,

If NPDC can extract oil at 12usd/bbl and make a little profit, with this cheap oil available, Nigeria will have no reason going to the JV.

This cheap crude will attract investors to build refineries and create jobs, A 250,000bbl/d refinery will cost a little above 5b usd, dangote alone can afford two of those only if NPDC can guarantee cheap oil. This is why no investor is coming to build refineries.

A crude price of 18usd/bbl from NPDC will guarantee pump price of less than 22naira per litre of pms from these refineries.With this plan,By the end of this Administration, NPDC will have robust production capacity and the refineries will guarantee steady refined products.

These refineries shouldn't be operated by the Govt for any reason.The FG will generate revenue from both ends, export of crude and export refined products and the production of NPDC must be increasing periodically.

this is necessary because Nigeria as a member of OPEC has a limit to crude export but we can earn more revenue from petroleum products export.

Once the above takes effect, there won’t be any need to be paying subsidy because pump price will be around 23naira/l and inflation will reduce by 40‰.

Now, how competent is Allison Madueke and iweala if they can’t figure this out?

To think of removing subsidy at this stage where there is no electricity and high corruption rate will be tantamount to economic suicide.

Please if the both of you want a trial and error approach to economic solutions please try the next country or preferably Haiti.

What iweala forgot is that in the face of inflation, the cost of running Govt projects will be high, All Govt contractors will definitely come back for contract variations or Abandon those projects.

As a sound economist, she should tell Nigerians the value of 1.3 trillion naira ( she intends to save on subsidy removal) in the face of 60% inflation and how many projects Nigerians will benefit from the subsidy removal.If you remove subsidy and the money disappears, then it is a NO NO for Nigerians.

nnpc should be scrapped or sold.

If Nigerians can rise and fight against an unjust removal of fuel subsidy, why can't they rise and fight against corruption?

Nigerians, there will be no Infrastructure. Nigeria is going broke in less than 2 years as said by the President himself. They need money to pay civil servants. Excess crude oil funds gone, external reserve going down, nigeria dept growing daily. Can't you see the handwriting on the wall? They have milked the economy dry.
Questions we need to ask ourselves:
1. Where there no budget for Infrastructure over the years. Where are  the Infrastructures?
2. Do you think the govt can provide Infrastructures when price of goods and services, building and construction has doubled and trippled (Inflation).
3. Do you think the govt that cannot fight corruption, the so called Cabal, govt that failed to secure it's borders, secure internal security, govt planning to buy bullet proof cars really cares about the masses.
4. Don't you think if things are put in place like in Iran and other oil exporting nations we need to import fuel not to talk of subsidy.
The list go on and on.
The govt has failed and the masses should not be the ones to suffer why they budget huge sums for themselves, that is our protest.

How are we going to handle all these brutality from the police? They've killed one in Ilorin and another one in Kano. We must nt give up.

Sad, indeed! A leopard cannot change its spots. Just be patient! I salute your gallantry and resilience. Jonathan and the other rats are going to pay a very costly price for these extrajudicial killings of theirs, as heavily paid by the likes of them in the near past. Monday is fast-approaching; Eagle Square must be our number one target. Let his boys block (all) the road(s) leading to the square! He who hesitates is lost. The will and wishes of the masses will reign at long last. He who laughs last laughs longest.

is this the FRESH AIR GEJ promised us during his campaign

How old was the boy and what was he doing protesting subsidy removal ? How does subsidy removal affect him ? How many cars or okadas has he got ? What size of generator is he running if the boy has a home ? These questions we need to ask ourselves so the money subsidy affects you the better is your judgment. I often look at people protesting and I bet many of them dont even have cars or okadas and u ask youself, Why is he protesting ?

LeoMax:

How old was the boy and what was he doing protesting subsidy removal ? How does subsidy removal affect him ? How many cars or okadas has he got ? What size of generator is he running if the boy has a home ? These questions we need to ask ourselves so the money subsidy affects you the better is your judgment. I often look at people protesting and I bet many of them dont even have cars or okadas and u ask youself, Why is he protesting ?

Are you this daft ? What laws says it's only car owners that should protest,if this boy doesnt buy fuel because he doesnt own a car,what about the multiplied inflation effect that will affect this boy ? I wonder why you think subsidy removal only affect transportation or car owners ?

At times I wonder if some pple on ds NL forum actually went to sch at all, am jst amazed at ds dumb guy's comment nd level of understanding& thinking, Leomax or watever ur name is, are u ds primitive nt to knw dt watever happens now certainly wld ve adverse & multiplier effects on d future of ds protesting kid nd even ur own children? U re probably d dumbest of 'em all I've ever seen, infact NL Admin shld device a way of stopping ds kind of pple frm posting on discussions here. RIP courageous Kid broda!!

Leomax, u r a disappointment to Nigeria. Infact ur education sponsors to whatever level have wasted their resources on a daft like u. Even a pre-teen knws that whatever good u buy in d market is sold at Cost Price + Gain. And gain is calculated by addñ resources spent in purchasing d good; energy, time & even transport fare. Therefore, with increase in fuel price and consequent inflation, goods will skyrocket their prices automatically. So d dead boy (RIP) or anyoda protester does not need to own a car, motorcycle or even generator to feel the bite of inflation.
Pls kill yourself and do ur generation a favour.

My 1cent!