Solidarity

Oh damn, lol @ the WBG,

I work very close to Penn Ave, wouldn't it be nice to go outside and see how many people are protesting. I thought they said they were having a protest at Nigerian Consulate in New York?

I wonder how people stand and protest in a 27 degree weather and more likely to drop? Hmm, I pity them, well they are fighting for the cause of Nigeria.

LeoMax:

[b]PROTEST SHOULD BE AGAINST THESE CABALS
Oando Nigeria Plc, N228.506billion;
Integrated Oil and Gas Plc, N30billion;
MRS, 224.818 billion;
A.A. Rano, N1.14 billion;
A-Z Petroleum, N18.61 billion;
A.S.B, N3.16 billion;
Arcon Plc, N24.116 billion;
African Petroleum, N104.58 billion;
Aminu Resources, N2.3 billion;
Capital Oil, N22.4 billion;
Con Oil, N37.96 billion;
Avante Guard, N1.14 billion;
Avido, N3.64 billion;
Boffas and Company, N3.67 billion;
Brilla Energy, N960.3 million.
D. Jones Petroleum, N14.86 billion;
DownStream Energy, N789.648 million;
Dosil Oil and Gas, N3.375 billion;
Inco ray, N1.988 billion;
Eternal, N5.574 billion;
Folawiyo Energy, N113.32 billion;
Frado International, N2.63 billion;
First Deepwater Oil, N257.396 million;
Heden Petrol, N693 million;
Honeywell Petrol, N12.2 billion;
AMP, N11.417 billion;
Ascon, N5.271 billion;
Channel Oil, N1.308 billion;
Fort Oil, N8.582 billion;
Enak Oil & Gas, N19.684 billion;
Bovas & Co. Nig Ltd, N5.685billion;
Obat Oil N85billion.
IPMAN Investment Limited, N10.9billion;
Atio Oil, N64.4billion;
Emac Oil, N19.2billion.[/b]

Please let's enlighten ourselves for a minute. For your information, the above listed companies are just 11% of the beneficiaries of the subsidy. 87% of the oil imported into Nigeria is by NNPC itself (why is NNPC name not on top of the list?) which means 87% of the subsidy paid went back to NNPC (Where NNPC = Gov't = Cabal). The remaining 2 percent are the other independent importers who brought in their product without lobbying for the PSF (Petroleum Support Fund, i.e Subsidy).

Now your question should be, how would the independent importers make profit when they do not benefit from the so called subsidy? The answer is, there is nothing like subsidy in the first place.

As at this morning the landing cost for

PMS (Petrol) = N47/litre

AGO (Diesel) = N82/litre

Jetty fee + Tank farm shouldn't charge more than N2 per litre, so add that up. Meaning the total expenditure to Tank Farm in Lagos is N49 per litre. So if we sell for N65/litre, there will be a N16 profit margin between the importer and the filling station owner. If you are into oil and gas, you will realize that, this is alotta money considering the quantity you are importing, so what the heck is the meaning of subsidy?

Any oil importer can call me out on this one if you think my analysis is wrong and we'll iron it out. Now after the N16 profit between the importer and the filling station, the federal govt now comes out to tell us they paid some "selected people" an extra N75/litre as subsidy, which bring the profit margin to N75+ N16. Does this make any sense?


Subsidy is just a way invented by the government to pay the cabal (Cabal AKA.The Kitchen Cabinet; meaning the Super-Advisers, a position which is called The Consiglierie  in Mafia). This Cabal majorly comprises of powerful Ex office holders,  like the ex presidents, ex senator presidents and the likes and they act as the super advisers to the present president while subtly fine-tuning him to make policies that will suite their own purpose. Not forgetting that they were the ones who endorsed him both at the primary level and at the general election and majority of his campaign funds came from them. ANd now that he is the president as they wanted, it's now a "Fukk you pay us" situation.

Now in my opinion, i believe the country is broke and in a big debt. Jonathan now realizes that he can no longer pay this Cabal AKA The GodFathers directly from the government purse and he's not trying to stand in their way from collecting their entitlement, hence he's putting the burden on the citizen. So now, look at it from the above analysis, if you buy PMS at N140,  you are directly paying the subsidy by yourself to the Cabal and the fortunate ones in this situation is the independent importer. They dont need to even think of lobbying for PSF now, they only need to bring in their product as usual and sell at N140, which automatically gives them the same profit margin as the Cabal. This is why i was telling someone on the other thread that, he must be joking for claiming that Otedola, Adenuga and Dantatas of the world are the one sponsoring NLC and NTU, what would be their gain? Do you think they'll have the time now? I can tell you they're all busy tracking their next Vessels to Naija right now.

There is a lot to say but hey, i don't think i'd make a good lecturer. But let's all seek knowledge and know what exactly we are fighting for and against. It's not about the subsudy removal, it's about fighting the godfatherism trend that has been enslaving us for like god knows when. Let's stand up and fight it out NOW.


And to all the paid "internet stand-up guys" like beaf and co,  you are free to post all your idi.otic comments all you like, it's what you've been paid for, so I wouldn't blame you. Just make sure at least one is sensible.

=======

Hey, for you all to confirm what i was talking about, i just found a 2006-2008 PSF PPPRA report. Please take a look at it and check how many percent of the subsidy goes to NNPC and confirm what i am talking about

http://www.pppra-nigeria.org/briefonadministrationofPSF.pdf

Don't Blame The world Bank, It is not compulsory to say yes. Our leaders would have argued if they have Nigerian in heart

Dear,Nigerian

My friends.I am from china.Was an aluminium roofing coils manufature.Our products are color coated aluminium coils;embossed color coated aluminium coils;My company website is : www.buymetalchina.com;Pls kindly go back to your own position now.In fact, oil subsidary removal is good for your country economic stand in the view of long-term.However, I understand you.A diffculty life face you.Oil subsidary removal will save 7500000000usd/year. Then your country can develop your own oil industry. Your government can use the money for your live.

Nigerian this is the time to pray & fast together and lives everything in the hands of God almighty. The revelation I receive is that God has intervene already as you can see the capitalist and socialist power & economy are already entering pit of no return. Once this entire imperialist die forever & ever then we shall be able to control our economy by ourselves. Our government is scare of this people seated upon this country they remote our economy from outside world. Belief me God has intervene and the wicked capitalist & socialist power & economy shall die forever. Let pray let cry let fast so that God shall put is work to finish. Don’t oppose the government but rely on God for total interventions & do not stop God intervene by putting laws into your hand. Romance {13:1} Let every soul be subject unto the higher powers. For there is no power but of God: the powers that be are
ordained of God. {13:2} Whosoever therefore resisteth the power, resisteth the ordinance of God: and they that resist shall receive to themselves damnation. {13:3} For rulers are not a terror to good works, but to the evil. Wilt thou then not be afraid of the power? do that which is good, and thou shalt have praise of the same.

Nigeria government said they cannot longer pay subsidy and they intend to pass the payment to the general public by increase the fuel to 140N. America they copied pay the following subsidy Fuel, medical, Agriculture, transport, Electricity and fresh graduate. The only subsidy Nigeria govenmt pay is what they intend to remove and want the general public to pay from there pocket what a wicked & Ant-Christ Governement, There salaries & alawances carry heavy duty subsidy 25M per month but they cannot subsidize 76N per Nigerian