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EducationA Call For Transparency At University Of Lagos by adenitemi(op): 11:56am On Oct 29, 2025
When the University of Lagos (Unilag) announced its fee schedule for the 2025/2026 session, the institution was quick to reassure students, parents and the general public: “no fee hike – just consolidation of approved dues previously paid separately at faculty and departmental levels.” In compliance with a directive from the Federal Ministry of Education and Nigeria Education Loan Fund (NELFUND), the university explained that dues will now appear in one centralised payment structure.

That may be true in form. But the numbers tell a different story, one that should prompt serious introspection, stronger transparency mechanisms, and meaningful student-management dialogue.


The Numbers Behind the Concern

Take for example the breakdown for one programme in the Faculty of Engineering (for Undergraduate 2025/2026):

- Utility Charges: ₦50,000
- Departmental Dues: ₦10,000
- Faculty Dues: ₦15,000
- Undergraduate Obligatory Fees: ₦182,500
- Total: ₦257,500

Contrast that with the 2024/2025 session: Utility Charges ₦40,000; Undergraduate Obligatory Fees ₦140,000; Total: ₦184,500. That reflects a jump of about ₦73,000 -- roughly a 40 % increase overall for that programme.

If the institution’s explanation was simply “we moved previously hidden dues into the portal”, then we would expect only modest increases in faculty and departmental dues (historically around ₦2,000–₦4,000). Instead, we see leaps to ₦10,000 and ₦15,000 -- along with increases in base categories like “Obligatory Fees” and “Utilities” which extend well beyond just dues consolidation.


The Broader Implication: Across Faculties and Programmes

While the example cited above is for engineering, the concern extends universally: students across all faculties and programmes -- including the more demanding and cost-intensive faculties like Medicine, Education and others, are facing similar or even steeper burdens. The university’s own fee schedules show that programs with lab/studio requirements or medical-student status already carried higher costs in 2024/2025.

If consolidation is the reason, then transparency demands that the university publish comparative fee breakdowns for every faculty and programme -- clearly showing what the student was paying in 2024/2025, what they are paying now in 2025/2026, and what the components are (utility, laboratory, departmental dues, faculty dues, obligatory fees, etc.). Otherwise, the effect is a stealth fee increase.


Why Transparency Matters

1. Trust and Legitimacy: When students and parents see large increases but are told “no fee hike”, the gap between message and reality breeds cynicism rather than confidence.

2. Affordability & Access: Higher education ought not to price out students. If costs are rising significantly, then universities must demonstrate value or adjustments.

3. Data-Driven Engagement: Students deserve to be informed actors in their education. When fee structures are opaque, the default becomes protest, resentment and social media outrage, as glimpsed in tweets like “no more education for poor people”.

4. Institutional Accountability: The institution must justify why certain components (e.g., utilities, lab services, IT & entrepreneurship charges) saw sharp increases. Was infrastructure upgraded? Have service levels improved?


A Call for Student-Led Quantitative Dialogue

Rather than defaulting to emotional protests or online venting, this is an ideal moment for students to lead with numbers and frameworks:

1. Collect the fee schedules from 2024/2025 and 2025/2026 (for your programme/faculty).

2. Break them down into clear line items: utility, departmental dues, faculty dues, obligatory fees, lab/studio, etc.

3. Highlight the percentage increase per item and overall.

4. Share these findings through student union bodies, department meetings, and-if possible-open forums with university management.

This approach not only amplifies credible concerns, but also positions students as partners in dialogue, not just protestors. It respects the institution’s mandate while asserting students’ right to clarity and fairness.


What the University Should Do

1. Publish a full comparative schedule for all faculties/programmes for both sessions.

2. Provide narrative explanations for increases beyond “consolidation” (e.g., “lab upgrade”, “increased electricity cost”, “expanded IT infrastructure”).

3. Create a transparent itemised ledger or report showing how mandatory fees are used (utilities, labs, IT, entrepreneurship programmes, etc.).

4. Engage in a consultative round-table with student representatives, finance office, departmental heads and union bodies to review the fee structure annually.


Conclusion

The University of Lagos’ decision to centralise dues may be administratively sound. But the effect, at least from the data available, has been akin to a significant fee increase. For students, especially those from modest backgrounds, that matters. The solution is not necessarily protest, but informed engagement, structured dialogue and shared transparency.

Students and university management alike stand to gain: clear data means fewer surprises, fewer rumours, and fewer adversarial relationships. Let’s turn this moment into a model for responsible financial governance in higher education.
Jobs/VacanciesRe: 2013 Nigeria Liquified Natural Gas (NLNG) Graduate Trainee by adenitemi: 10:37am On Feb 21, 2018
Guest01:
It’s exactly 3 months since we received the closure mail from NLNG, I had to open the mail to read it once more and it brought back all the recruitment memories. Sometimes I feel like we wasted four years waiting on a recruitment conducted by a company we all believed had high international standards, but alas, it was no different from the regular Nigerian recruitment. It’s quite unfortunate and painful the way the recruitment ended. I believe we all learned various lessons from the recruitment, we should all wear the experience like an armour.

I guess we have all moved on and found solace in our various endeavours. I pray that God opens bigger doors and grant us our heart desires.

One love!!!
This is very subjective. The guys who got in believe they work for the best company in Africa, and won't really remember any wait you refer to.

In the end, everyone will be alright. One love!
Jobs/VacanciesRe: 2013 Nigeria Liquified Natural Gas (NLNG) Graduate Trainee by adenitemi: 10:47am On Dec 04, 2017
airsaylongcon:
Y'all took the SM campaign too far
346 pages on Nairaland is SM. So whatever happened had nothing to do with SM. NLNG is not a serious company. undecided
BusinessRe: Business Networking Tip 101 by adenitemi: 12:51pm On May 16, 2017
Nice one! Where is the video?
Jobs/VacanciesRe: 2013 Nigeria Liquified Natural Gas (NLNG) Graduate Trainee by adenitemi: 9:33am On May 11, 2017
PoliticsBefore They Gang-rape NLNG by adenitemi(op): 8:55am On May 11, 2017
If the Nigeria Liquefied Natural Gas Limited (NLNG) were to be a woman, she would most likely be a beautiful, curvaceous, voluptuous and generally desirable damsel. Her figures say it all: Established in 1989 with an impressive capital outlay of $6 billion (including the $2.5 billion equity/loan from the Federal Government, through the NNPC) the company now has an asset base of over $11 billion and has generated over $90 billion in revenue. Over the last 12 years, it has paid over $15 billion to the Federal Government, as dividends on the $25 billion investment. It has also paid sundry taxes to states and local governments to the tune of about $5.5 billion and N51 billion. This sure is one hell of a honey pot. No wonder, our lascivious politicians are determined to dig their fingers into her and serially gang-rape her!

But even the NLNG has not helped matters: Instead of wearing an all-covering hijab to conceal her tempting contours, she chose to wear a fitted mini-skirt to flaunt her endowments before ogling dirty old men.

Yes! That was exactly what it did when it made the ‘mistake’ of remitting outstanding tax obligations to the Federal Government, thereby providing the fund with which the Buhari government bailed out our states that were too broke to even pay workers’ salaries. Now, it has drawn unnecessary attention to itself. Now, every looter (politician and all) out there wants a part of the action. Suddenly, the politicians have discovered the multi-trillion dollars waiting for the taking.

Everyone is now desperate to share in the NLNG ‘racket’. Unfortunately, the NLNG is not one of those places where contractor-politicians could go pick up contracts easily. Even if you succeeded in landing a contract, you could not collect mobilisation fee and abscond. Instead of sharing the money to politicians and lobbyists, NLNG wasted a whopping $200 million doing CSR, constructing road, providing potable water, schools, uninterrupted power supply, awarding scholarships and instituting literary prize. To make matter worse, it rolled out an ambitious plan to sink N3 billion into its host community, Bonny, with a view to transforming it into Nigeria’s Dubai. It even committed to provide 50% of the N60 billion it would cost government to do the Bonny-Bodo Road. Throwing around so much money without factoring in the politicians’ pockets. There just had to be a way to break (or break into) the NLNG.

Enter the NLNG (Fiscal Incentives, Guarantees and Assurances) Bill!

In consonance with a handful of parasitic businessmen, whose only business model is to have their suckers permanently affixed to the capillaries of government, these politicians (both in the executive and the legislative arms) had tried to get the Federal Government to privatise the NLNG, under the pretence of raising funds to bail the country out of the current recession.

However, when they discovered that the NLNG is not a wholly Nigerian owned venture; that Nigeria, represented by the NNPC, owns only 49% equity in the business (the other shares being held by Shell, Total and ENI), they then began another campaign to get the Federal Government to sell off its shares to Nigerians, as government actually has no business in business.

Of course, many of us right thinking Nigerians kicked against it.

But then, I’m not averse to government divesting from certain businesses and allowing private investors to take over. My only fear is that a few dubious individuals, and their fronts, would have been waiting in the wings to hijack the shares and ultimately constitute themselves into a monopoly – or, at best, an oligopoly.

The sale would never be transparent – meaning, no ordinary Nigerian, like you and me, would ever get the chance to buy even one unit of shares.

Luckily, President Muhammadu Buhari heard our cries and ignored the looters, nudging him to sell.

With that call having failed, they have now gone through the National Assembly (where, I’m told, no one stands up to push any motion on an empty pocket) to get the lawmakers to amend the NLNG Act – to, among other things, compel it to pay 3% per cent of its annual budget to the NDDC. The permutation, I suspect, is that, at NDDC, it would be easier to indirectly access the dollar rain at NLNG.

Of course, I don’t believe this allegation against our “Honourable’ and ‘Distinguished’ lawmakers. It is just that I’m baffled that nobody seems to be sparing a thought for the consequences of this unilateral amendment, which the Reps passed yesterday. But there would be huge consequences if the Senate finally ratifies the bill, as the House of Reps passed it yesterday.

Yes, the NLNG Act is not cast in stone. It can actually be amended. But the statutes clearly state how this can be done.

The law says before an amendment can be made, all the stakeholders would have to be involved. That has not been the case with this new amendment.

Although the amendment Bill has gone through a lot of transformation from when it was originally sponsored, the nagging issues remain unchanged. The issues essentially are: Payment of 3% of NLNG’s annual budget to NDDC and the removal of the guarantees and assurances provided for in the existing Act.

Although 3% of the budget might not kill the NLNG, it would definitely cause a lot of financial bleeding. But that is not all the danger: The bigger danger is removing the assurances and guarantees. That would be like going for the jugular of NLNG. It could well be the final nail on the coffin.

It would mean that NLNG would be liable to pay all the other numerous taxes and levies it is currently exempted from – including that for which NLNG and NIMASA dragged themselves all the way to the Supreme Court, and which was ruled in NLNG’s favour. The amended Act, I learnt, would instantly wipe out nearly 40% of NLNG’s earnings.

The implications of this is that even if the NLNG could struggle to keep its existing six trains running, Nigeria might as well kiss the proposed 7th train goodbye – and with it, the expected $20 billion investment. And jobs too.

The other investors who jointly make up the remaining 51% are also likely to withdraw from the project.

Of course, they would not withdraw without a fight. Since the home countries of each of the other three stakeholders (United Kingdom, France and Netherlands) has a bilateral agreement with the Nigeria government, it is almost logical that they would drag the country to international courts over the breach of agreement. And like Ecuador and two other countries that have trodden this ignoble path, the fines that would be awarded against Nigeria could run into trillions of dollars.

And there’d still be more trouble for our country: We would have clearly told other foreign investors that the future of their investments in Nigeria cannot be guaranteed. This is not exactly what we should be communicating to the rest of the world in this period that every extra dollar into the economy goes a long way.

If we pretend that we can call the bluff of these stakeholders and they leave, even our crude oil production would ultimately suffer. The reason is simple: With the NLNG off-taking the associated gas from crude oil exploitation, Nigeria has been able to reduce gas flaring from 65% to about 20%. If the NLNG shuts down, we’ll have to return to gas flaring. The danger in this is that we would soon overshoot the globally acceptable threshold for gas flaring. That would mean automatic sanction against us. More trouble!

Surely, this is a classic case of killing the goose that lays the golden egg.

However, now that the NLNG has been stripped naked with this new Act, I guess the gang-rape can now begin. Painfully, they’ll do the raping without condoms.

AUTHOR: Uche Atuma

Source: http://sunnewsonline.com/before-they-gang-rape-nlng/
PropertiesRe: These Patterned Paintings Will Add A Distinction To Your House by adenitemi(op): 8:17pm On Oct 05, 2016
Various designs...

PropertiesRe: These Patterned Paintings Will Add A Distinction To Your House by adenitemi(op): 5:36pm On Oct 05, 2016
Another pattern painting design...

PropertiesRe: These Patterned Paintings Will Add A Distinction To Your House by adenitemi(op): 5:36pm On Oct 05, 2016
We have this awesome bird design too...

PropertiesThese Patterned Paintings Will Add A Distinction To Your House by adenitemi(op):
Try us for your PROFESSIONAL SCREEDING & PATTERNED PAINTINGS

We are experts in Interior Decorative painting design. We have different patterns we can make available according to your request. See some of the patterns below.

We are also suppliers of paint materials and equipment. We locally make quality paints which reduce your paints cost by more than 50%.

Check out some of our work below.

Give us a call or whatsapp message on 07032180006.

We are always ready to serve you.

Jobs/VacanciesRe: 2013 Nigeria Liquified Natural Gas (NLNG) Graduate Trainee by adenitemi: 9:25pm On Jul 04, 2016
A certain post up there will get up to 20 likes in the coming days.

Bones and unintelligent dogs, Season 1 grin
Jobs/VacanciesRe: 2013 Nigeria Liquified Natural Gas (NLNG) Graduate Trainee by adenitemi: 8:53am On Jul 01, 2016
Have my highest assurances that people still check the thread despite what's going on in the groups and that it will burst into life when any mail drops.

It is just like relocating from a very large open space to more cozy rooms. Once in a while, people will stroll to the window to check what's going on at the open space.

Happy new month everyone.
PhonesRe: SOMEBODY HELP: No Laptop Or Computer Recognises My Infinix Hot Note by adenitemi: 3:04am On Jun 28, 2016
indigene:
Go to settings, tap developers options at the top switch it on, tick USB Debugging, and connect to a computer.
If you do not have developers options, still at settings, tap on about phone or device, tap on Build number three to seven times, the developers options comes on, follow aformentioned details
God bless you. You just solved my age long problem in a minute. Cheers.
AgricultureRe: Complete farm solution: GeGetting Hectares Of Farmland From Ogun,OYo, by adenitemi: 8:55am On Jun 20, 2016
sabawex:
when the mind is willing it will find thousand of ways
Tried your number. Switched off. I'll send you a mail. I could use your help in obtaining the land.
Jobs/VacanciesRe: 2013 Nigeria Liquified Natural Gas (NLNG) Graduate Trainee by adenitemi: 12:22am On Jun 20, 2016
Certainly my best thread ever. Amazing people on here. I had the time of my life and thanks for the memories. Wish the waitlisted guys the very best for the immediately future. Hopefully you get raptured ASAP to the Kingdom Bonny. And to those that ddnt quite get there, remember that you are goooood, and no one can tell you otherwise.

CHEERS ALL!

#SHALOM
Artmedia = Nobody! End of an Era of cornfarmed sauces. Thanks buddy. Cheers.
Jobs/VacanciesRe: 2013 Nigeria Liquified Natural Gas (NLNG) Graduate Trainee by adenitemi: 7:06pm On Jun 10, 2016
sp500:
signing out. Shout out to the July 6th crew. I know say na book I suppose face before, NLNG too don confirm that. Already moving forward. #PhD_CompSc_USA_August.
#TeamJuly6th
Jobs/VacanciesRe: 2013 Nigeria Liquified Natural Gas (NLNG) Graduate Trainee by adenitemi: 8:14pm On Jun 09, 2016
Satisfactory!!! But wait listed! Thank God
SportsNigerian Scrabble Players Dominating The World With New Strategy! by adenitemi(op):
For World’s Newest Scrabble Stars, SHORT Tops SHORTER

Nigerian players dominate tournaments with the surprising strategy of playing short words even when longer ones are possible.

LAGOS—Nigeria is beating the West at its own word game, using a strategy that sounds like Scrabble sacrilege.

By relentlessly studying short words, this country of 500 languages has risen to dominate English’s top lexical contest.

Last November, for the final of Scrabble’s 32-round World Championship in Australia, Nigeria’s winningest wordsmith, Wellington Jighere, defeated Britain’s Lewis Mackay, in a victory that led morning news broadcasts in his homeland half a world away.

It was the crowning achievement for a nation that boasts more top-200 Scrabble players than any other country, including the U.K., Nigeria’s former colonizer and one of the board game’s legacy powers.

“In other countries they see it as a game,” said Mr. Jighere, now a borderline celebrity and talent scout for one of the world’s few government-backed national programs. “Nigeria is one of the countries where Scrabble is seen as a sport.”

Once, almost all of Scrabble’s champions hailed from North America or Europe. Most stuck to a similar “long word” strategy—mastering thousands of seven- and eight-letter plays like QUIXOTRY, a 365-point-move in American Michael Cresta ’s record-breaking 830 point win in 2006.

That seems smart Scrabble. A player who can unload all seven tiles gets an extra 50 points, in what is called a bingo.

Global competition and computer analytics have brought that sacred Scrabble shibboleth into question, exposing the hidden risks of big words.

Risk one: Every extra letter on the board is another opening for an opponent to land their own seven-letter blockbuster.

Risk two: Every letter played gets replaced by a random tile from the bag. A bad draw can—and often does—leave players stuck for several turns without vowels or decent letter combinations. After millions of computer-simulated games, Scrabble strategists have concluded that bad draws happen more frequently than previously assumed.

So while Scrabblers still fancy bingos, they increasingly hold off on other high-scoring moves, such as six-letter words, or seven-letter terms that only use six tiles from the rack. Instead, by spelling four- or five-letter words, a player can keep their most useful tiles—like E-D or I-N-G—for the next round, a strategy called rack management. The Nigerians rehearse it during dayslong scrimmage sessions.

Also, thanks to a design quirk, the board is oddly generous to short words. Most of the bonus squares are just four or five letters apart.

“The geometry of the Scrabble board rewards five-letter words,” said Mr. Mackay, who lost to Mr. Jighere in the world championship final, during which the Nigerian nabbed a triple word score with the antiquated adjective KATTI, meaning “spiteful.” “It’s a smart tactic.”

For decades, a computer revolution has been building in Scrabble, each improvement advancing the science of rack management, said Stefan Fatsis, author of “Word Freak: Heartbreak, Triumph, Genius and Obsession in the World of Competitive Scrabble Players.” These days, competitors use applications to analyze, in real time, the wisdom of every letter laid, comparing their moves to those artificial intelligence would play.

“ ‘What would the robot do?’ is now the key question in Scrabble,” said Mr. Fatsis. Often, he said, the robot plays five letters: “There are inefficiencies in the game that you can exploit by having a mastery of those intermediate-length words.”

Nicknamed “The Cat in the Hat” for his taste in fedoras, Mr. Jighere, 33 years old, is Nigeria’s Rachmaninoff of rack management. At his first tournament in 2007, intimidated by the extravagant vocabulary his Western opponents were spelling, he stuck to midlength words, hoping to limit their play.

“We had this inferiority complex,” Mr. Jighere said during a recent 12-hour tournament in the Nigerian capital, Abuja. “These guys are the owners of the language, they know so many words, we better be careful.”

Now, his method is changing the game. Champions have studied his defensive style, including his decision to put REPAIR on an S during the final, for 30 points. He could have earned 86, including a 50-point bingo, spelling PEREIRAS. Instead, Mr. Jighere kept an “e” for the next round.

“It’s this sort of strategic thinking that the Nigerians are embracing,” said American Chris Lipe, runner up in the 2014 world championship, who called Mr. Jighere’s performance a Scrabble master class.

Mr. Jighere has been playing since he was 14, taught by his older brother when they were growing up in the oil-rich, swampside city of Warri.

Nearly every day, a stranger pesters him on Facebook to play the Scrabble-style game Words With Friends. Schools invite him to talk about the game—and reveal his secrets. His own Wellington Foundation for Scrabble and Mind Development in Africa lobbies the government to add Scrabble to the national curriculum, alongside math and science. Upstarts are eager to dethrone him.

“It has not been easy, handling the pressure,” said Mr. Jighere, who says the fame has put him off his game, because there’s no time to practice.

Across the developing world, more governments are funneling money and organization into the sport. In Pakistan, 700-plus people competed in last year’s national championship, which was televised live. A Gabonese man’s second-place finish in the French-language world championship sparked a national Scrabble league in that African state.

“It was a moment of pride,” said Gabon’s President Ali Bongo in an interview. “Incredible.”

Nigeria’s Scrabble ambitions date to the 1990s, when several local fans convinced the dictatorship of Gen. Sani Abacha to make the game an official sport, a designation that brings funding. Nigeria was ostracized from the world then. Scrabble offered one area where the country could redeem its image abroad.

Nowadays, the country of 187 million stages daylong tournaments in stadiums on an almost weekly basis, often with small prizes on the line. Dozens of Scrabble clubs scout high schools for talent, sometimes poaching players. Several of Nigeria’s 36 states have a Scrabble coach on the payrolls.

Of them, Prince Anthony Ikolo was the first to glimpse the potential of the shorter-word strategy. In the late 2000s, the university mathematician had two apps—Quackle and Maven—that let him simulate tens of thousands of possible game scenarios that would result from a given move. The data showed how often a long word would leave the player vulnerable to a counterstrike or a series of bad draws.

Using those analytics, his team came up with a secret list of the five-letter words that are hardest for opponents to utilize, code-named “ajuwires,” Nigerian slang for an intern. “If you know your five-letter words you can beat people playing seven-, eight-, nine-letter words,” he said.

To train his players, including Mr. Jighere, he sent them word lists to study. They met in hotel rooms to play 48 hours of nonstop Scrabble. “It was like a marathon,” said Mr. Jighere. “No sleep.” On their way to Australia, they had their dictionaries open on their airline trays.

At the tournament, while Scrabble champions from the Western world generally socialized, Mr. Jighere and his teammates kept to themselves, going to bed early. Each morning, the Nigerians met the Kenyans in their hotel to pray.

By comparison, his opponent, Mr. Mackay, spent the evening before their big match at a pub.

At game time, Mr. Mackay, exhausted from days of Scrabble, watched as a visibly relaxed Mr. Jighere slang a succession of terse, defensive words, such as DACOIT (36 points), YOW (34) and AAH (17).

The Brit broke into a lead with AVOUCHED—an eight-letter bingo for 86 points—but spent the next five rounds managing awkward racks, playing words that scored in the low 30s and high 20s. With QUIZ (93), Mr. Jighere popped ahead.

At the final score, which was 449 to 432, the winner’s teammates lifted their champion around the room, singing a Nigerian pop tune: “We Done Win.”

Then President Muhammadu Buhari called to congratulate.

The winning word, for 36 points? FELTY. It was five letters long.


http://www.wsj.com/video/scrabble-champions-surprising-strategy/06FF9C3C-6725-4DE6-B3EB-1952DCE9B188.html

Source: Wall Street Journal
http://www.wsj.com/articles/for-nigerian-scrabble-stars-short-tops-shorter-1463669734

PoliticsRe: Amina Ali And Her Baby Meet Buhari At The Presidential Villa (photos) by adenitemi: 4:50pm On May 19, 2016
Nice PR President Buhari. Well played!
Jobs/VacanciesRe: 2013 Nigeria Liquified Natural Gas (NLNG) Graduate Trainee by adenitemi: 2:28pm On May 14, 2016
I considered that some areas in the new price regime for PMS as grey. I am seeking clarifications on some of those. I know the bright minds here will do justice.

adenitemi:
I have been bothered about some aspects of the recent new pricing regime released by PPPRA. These are some of the questions I have asked myself over and over and which are begging for answers.

This is an open letter to the government of the day. I hope they put out answers to these posers in the coming days.

1. First of all, why were/are headlines (and everyone, including me initially) screaming "Subsidy Removal"? This is clearly not subsidy removal as there has been none for a while. Why is government not correcting this wrong notion? This is just a case of a new pricing regime for our dear PMS.

2. Does this new regine mean the NNPC won't be involved in importing fuel any longer?

3. If NNPC will still continue their own importation quota, will the NNPC also source for dollars from the blackmarket?

4. If NNPC will still continue their own importation quota, what will this quota be and how much will they retail to Nigerians?

5. Considering the FX differentiation between black market rates and official CBN rates, if NNPC continues to import some quota at CBN rates, won't that create a new cabal like the old Subsidy cabal that cleaned Nigerians out?

6. Supposing NNPC imports their quota and retails PMS, won't they cheat Nigerians with the lower limit of N135 they have set, due to huge FX differentiation between black market rates and official CBN rates?

7. In fact, the amount NNPC should be selling will be about N86.5 which is the old pricing regime and which was without subsidy. If they will not sell at that rate, we will like to know why.

8 . As admitted in the FAQ attached below, the dollar scarcity caused the fuel shortages of almost 5 months that crippled businesses. Why did no one in government address the case as that? Nigerians were confused on what was really happening and the explanations received were different from different FG sources.

9. Still on dollar scarcity, why has CBN pledged $b for Dangote and care less about the other 180 million Nigerians? Are they getting their priorities right?

10. Imported PMS wasn't on the list of the 41 banned imported items. With the new development, is the FG not subtly including it on the list? Like every other items on the list, black market dollars should be sourced to import it.

11. The welfare of Nigerians is number one. Why were other things not put in place before the hike? Mass transit and the likes. One can argue that there is no money presently. However, since the budget has been passed, why did the FG not wait to stimulate the economy first before the new fuel pricing regime? Minister of Finance, Kemi Adeosun has repeatedly talked about a certain quarterly $350billion to be injected shortly I to the economy and targeted towards the critical infrastructural sector. Why wasn't this done first? Wouldn't that have made the hike easier to bear?

12. Finally, does it mean that as crude oil prices rise, the retail price of PMS will also keep rising? The calculation used the present average crude oil prices. When crude oil rises to $70 per barrel, how much will Nigerians be paying for PMS?

These are my submissions. I sincerely wish this government well and hope they get things right. But we need answers to some grey areas.

Thanks.
The thread opened for it...https://www.nairaland.com/3105249/fuel-price-hike-new-pricing#45614416
PoliticsFuel Price Hike: The New Pricing Regime And Some Questions Begging For Answers! by adenitemi(op):
I have been bothered about some aspects of the recent new pricing regime released by PPPRA. These are some of the questions I have asked myself over and over and which are begging for answers.

This is an open letter to the government of the day. I hope they put out answers to these posers in the coming days.

1. First of all, why were/are headlines (and everyone, including me initially) screaming "Subsidy Removal"? This is clearly not subsidy removal as there has been none for a while. Why is government not correcting this wrong notion? This is just a case of a new pricing regime for our dear PMS.

2. Does this new regime mean the NNPC won't be involved in importing fuel any longer?

3. If NNPC will still continue their own importation quota, will the NNPC also source for dollars from the blackmarket?

4. If NNPC will still continue their own importation quota, what will this quota be and how much will they retail to Nigerians?

5. Considering the FX differentiation between black market rates and official CBN rates, if NNPC continues to import some quota at CBN rates, won't that create a new cabal like the old Subsidy cabal that cleaned Nigerians out?

6. Supposing NNPC imports their quota and retails PMS, won't they cheat Nigerians with the lower limit of N135 they have set, due to huge FX differentiation between black market rates and official CBN rates?

7. In fact, the amount NNPC should be selling will be about N86.5 which is the old pricing regime and which was without subsidy. If they will not sell at that rate, we will like to know why.

8 . As admitted in the FAQ attached below, the dollar scarcity caused the fuel shortages of almost 5 months that crippled businesses. Why did no one in government address the case as that? Nigerians were confused on what was really happening and the explanations received were different from different FG sources.

9. Still on dollar scarcity, why has CBN pledged $b for Dangote and care less about the other 180 million Nigerians? Are they getting their priorities right?

10. Imported PMS wasn't on the list of the 41 banned imported items. With the new development, is the FG not subtly including it on the list? Like every other items on the list, black market dollars should be sourced to import it.

11. The welfare of Nigerians is number one. Why were other things not put in place before the hike? Mass transit and the likes. One can argue that there is no money presently. However, since the budget has been passed, why did the FG not wait to stimulate the economy first before the new fuel pricing regime? Minister of Finance, Kemi Adeosun has repeatedly talked about a certain quarterly $350billion to be injected shortly into the economy and targeted towards the critical infrastructural sector. Why wasn't this done first? Wouldn't that have made the hike easier to bear?

12. Finally, does it mean that as crude oil prices rise, the retail price of PMS will also keep rising? The calculation used the present average crude oil prices. When crude oil rises to $70 per barrel, how much will Nigerians be paying for PMS?

These are my submissions. I sincerely wish this government well and hope they get things right. But we need answers to some grey areas.

Thanks.

Cc: Lalasticlala

PoliticsRe: Photo Of NLC Chairman's Landcruiser, Same Man Condemning Senators Lol by adenitemi: 2:07pm On Apr 27, 2016
kenonze:
Everyone wants Change
No one want to Change
Here...

TravelRe: Tomaro-Onisiwo, Lagos Community Where Cars, Okadas Are ‘forbidden’ (pictures) by adenitemi: 6:52pm On Apr 15, 2016
jaymichael:
Thereis no light yet, we use gen but there is strong network.
Interesting Mr. Michael. I'd like to chat with you offline. I'm thinking of volunteering to teach at the school, say once per week. Can you send me an email I can reach you on?
Jobs/VacanciesRe: 2013 Nigeria Liquified Natural Gas (NLNG) Graduate Trainee by adenitemi:
Badema:
At least dem PH guys dey make noise small! Ebi like say Abj-kd-kano guys don travel go Jupiter ascending to become The Martians! Shiru kawai kakeji, not a single correspondence for meating and tweaking.
Eeya.
Jobs/VacanciesRe: 2013 Nigeria Liquified Natural Gas (NLNG) Graduate Trainee by adenitemi: 12:08am On Apr 01, 2016
Happy new month. Q2 is upon us.

May this be the quarter!
Jobs/VacanciesRe: 2013 Nigeria Liquified Natural Gas (NLNG) Graduate Trainee by adenitemi: 3:33pm On Mar 31, 2016
Just to go and work and come back, person go don dey toast your bae. Na wa o.

No come use English grammar steal person joy abeg.

Gidi peeps, next Saturday at the beach at 3pm is a lovely time.

Abi e get anybody wey wan wed wey we fit show for the wedding? One guy mentioned he will soon be married one time.
Jobs/VacanciesRe: 2013 Nigeria Liquified Natural Gas (NLNG) Graduate Trainee by adenitemi: 5:59pm On Mar 30, 2016
cattysmilez:
#carries my small twerking "waste" away# cry
I'm in a dilemma here angry. I also don't want the 'waste' to waste.

#TeamGETArena+Beach?
Jobs/VacanciesRe: 2013 Nigeria Liquified Natural Gas (NLNG) Graduate Trainee by adenitemi: 5:52pm On Mar 30, 2016
cattysmilez:
Team beach so i get to twerk grin
ashleeeeee:
Lmao! Biko the plan is not to confuse the poor boys, this frustration is enough, don't compound it with your twerking grin
Hehehe...No be meet and greet again? My bae wan turn am to meet and twerk. I nor dey o. You wan go create enemies for me at my young age.
BusinessRe: Anyaoku Backs Buhari Stance On Naira Devaluation by adenitemi: 3:39pm On Mar 30, 2016
rhymaster:
Why are some people like you incapable of rational thought? Posters above, Nigerians who have lived and travelled all over the world and some who have worked and actually work in huge companies in leading positions with experience, leading very diverse teams of talent from all over the world are saying "do not devalue the currency" but you think you know something they do not? Please come off this base stoopid thinking that you know something when you are way out of your depths! The president, with his economic team, who have seen this same issue many times have given reasons why the Naira should not be devalued, have you read it or have a superior reason? Most likely, no! If you want to be out to the guillotine of poverty, why not relocate to a country with a devalued currency and economic situation like Nigeria and see if you survive?

Since som low thinkers like you keep shouting parallel market, bla, bla, again without thinking, just because you want cheap investors who are looking only to buy off the economy and put Nigerians and hopefully people like you to slavery, I will give you one example to dispel this smoke and mirrors of "the currency already devalued" because the parallel market is trading at a different rate than the official rate:

As a frequent traveller, I maintain accounts in a number of countries that I work. Usually, I do almost all transfers via the banks as it is easier, more convenient and safer, so no loss of money during my trips. However, during a recent trip to which I had a lot of time to plan, I took cash from the bank (USD), traveled to the destination country and went to exchange it in the "parallel" market. Why? Because it gives me hundreds of currency value more than using the bank and I knew it and I had the time to do it. So should the economy of the country (top 10 in the world) I travelled to be devalued because their currency is taking a beating from the dollar now? NO!! There is much more to a decision to devalue a currency than devaluing because "it is already devalued at the parallel market". If you are capable of thinking, think! Smart Nigerians will not destroy their lives and livelihood to grovel at the feet of your so called investors who will be happy to buy off huge parts of the economy for a few million dollars and repatriate their profits, strip all the natural resources of the country while people like you will be slaves in your country or worse! This is coming from someone whose salary is several millions when converted to Naira, can live and already lives in a number of countries but I do not want my own country or its people to suffer.

Th economic crunch is a reality that has led to sacking of workers in a number of countries including the US. Yesterday, I watched a documentary on Saudi Arabia where it is was reported that nearly 25% now live in poverty despite the government spending billions in social welfare! Go and think but if you insist you want to suffer because the 5% wailers want the country ruined because their IB lost an election, then it is okay to relocate to anywhere else, even if it means relocating off the earth. Be sure, you will not be missed!
I need a 'Love' button. Kudos
Jobs/VacanciesRe: 2013 Nigeria Liquified Natural Gas (NLNG) Graduate Trainee by adenitemi: 3:20pm On Mar 30, 2016
dane15:
We still have 1.33 days in March 2016. It's not over until it is over.

Tygrins007 the new double 0 Seven, answer your name na!

PH peeps greet and meet options:

(a) Genesis

(b) Asia Town

(c) Polo Club

(d) Add your own and let us agree.

But make una imagine this incident....

Moniker1, bounces into the meet and greet venue and sees everyone gathered. As he's about to greet the last person, who he discover is his reporting manager, his outstretched hand paralyses in shock.

Moniker1: Oga, what are you doing here siiiiirr....

The Boss: No wonder you have been playing with your assignment these past few days... So you think you can run to NLNG and dump your monkeys on my desk? Always on nairaland and never delivering. In fact, let your resignation letter hit my box before I get home.

The Boss storms out in anger, leaving Moniker1 speechless.


Loooolz. What would you do if you were Moniker1?
I know say na joke but abeg make Manager calm down? He is (was) just 28 and an ordinary (hopeful) graduate trainee lasan lasan.

Lol.
Jobs/VacanciesRe: 2013 Nigeria Liquified Natural Gas (NLNG) Graduate Trainee by adenitemi: 2:57pm On Mar 30, 2016
ashleeeeee:
What's the way forward with the meet and greet? Lagosians, are we doing island or mainland? (*praying*dear Lord, please let it be on the island) grin
#TeamIsland #TeamWeekend

Suggestion: GET Arena.

I won't mind some GoKart racing...

Cattysmilez?

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