Bluntemperor: For an Organization that ought to lift up the Masses burden but rather,are adding to the burden,so what do you expect? NNPC should be dismanted.
•They should learn From Saudi Arabia ARAMCO - how they are doing it there! Honestly,Most of the Past Executives of this Organization back to when it was Created - Should be behind the Bar 🍻- for failure to deliver the Very Refineries they pledged to Work but till today - the 4- Nigeria Refineries Are glorified Corrupt entities! • If DANGOTE REFINERY HAS NOT BEEN ESTABLISHED - WE( NIGERIANS WOULD HAVE BEEN MADE TO BELIEVES THAT NNPC,DISCOS,etc- is not Possible. Thank God for Dangote and his Crew- by breaking the ginx . Now we can see that most of these Institutions - are Established to take More from the Masses than in Adding Values to us. Too bad and terrible 😞. Just FACTS AND TRUTH!
Are you working for Atiku to be president so he can dismantle NNPC as he promised and as he did to its petrochemicals division in 2006
You want to make the argument that government involvement in business is wrong when the very government you are trying to defend with that warped narrative is busy awarding all construction contracts to some very successful government businesses from China! How about that?
No economy will grow if the pricing for the most essential commodities are left to unpredictable vvagaries of undefined "free trade". You are just so full of it, abi too empty for this..
You surrendered the cement, floor and grain businesses to this guy and he has been setting the prices so high Nigerians are dying slowly while he laughs to the bank. You guys are now trying to bring him into the petroleum business with all that weird talk about how private businesses flourish. Why is it that when private businesses fail you keep mute?
Is ECONET not a private business? It crumbled. Why don't ypu use that as an example to ban private ownership of companies? Look at the power sector after privatisation. Its booming, abi? Why don't use the failures at PHCN and the many collapsed private banks and insurance companies as good reasons to argeu against privatisation too??
ECONET did not collapse. It was sold to another company that sold it to another company and continues to operate as Airtel.
What do Russians and Chinese people know about privatisation and deregulation being a better system for widespread prosperity that you are ignoant of
Nairalanda1 is very correct, but surprisingly he is not working for the return of PDP politicians with their deregulation and privatisation policies.
anonimi: Neo-black Problem: Must Blacks Be Ruled by Whites in Order to Prosper?
In short, the neo-black dilemma may be framed as follows: is it better to live under white rule without political dignity but with basic life-sustaining standards for many;
or to live under black rule with illusory political dignity and without basic life- sustaining standards for the majority? @ @ The path forward for Africa lies in cultivating higher and adequate levels of personal and communal agential integrity as well as full personal responsibility and productivity. Not to mention creativity (including epistemic creativity), productive justice (such as merit and freedom), harmony and reconciliation at local and international levels, and a proper domestication of capitalism and other related values and institutions.
Africa must stop wasting her time on dreams of socialism because it is a system of wealth distribution primarily. Whereas, capitalism is a system of wealth creation primarily, and wealth has to be produced before it can be distributed.
nairalanda1: So, basically, you are arguing that NNPC should sell fuel way below its prodiction cost so that you can be happy....while it loses so much money as a result?
Business have to be run at a profit so that they can pay taxes, pay staff salaries (remember NNPC Is no longer wholly funded by government, and government is even taking away its money making powers self)...pay for transport costs and so forth.
A business selling at a profit is hardly signs of NIgeria failing.
Remember...the USSR used to subsidise everything including fuel and food. By 1985, there were queues for everything, and scarcity everywhere. That's the end result of subdising fuel.
Nigeria used to subsidsze food...recall ESSENCO...until the government ran out of money due to oil price collapses...by the end, there were queues for milk and sugar and even bread. Until the thing was ended in 1985.
We are asking that promises made be fulfilled by APC leaders looters of integrity.
We are asking why national debt burden has increased despite All Promises Cancelled, APC pseudo-socialist progreThieves removing subsidy TWICE in 2016 and 2023?
We are asking why we had greater widespread prosperity in 16 years of PDP deregulation and privatisation policies?
We are asking why other Nigerians are not working with us for a return to these better days of before 2015?
anonimi: How Indorama sustains manufacturers, boosts Nigeria’s FX earnings
Indorama Eleme Petrochemicals Limited (IEPL) has emerged as a major value creator in the Nigerian economy. It is responsible for the survival, growth and sustenance of many manufacturing companies in Nigeria today. A large number of plastic and allied firms depend on the Eleme-based company for petrochemical resins (or polymer resins) which serve as their raw materials.
The petrochemical company is just one of the several subsidiaries of Indorama-Nigeria Group, which also comprises Indorama Eleme Fertilizer & Chemicals Limited (IEFCL), Indorama PET Nigeria Limited, and Indorama Port Operations.
Since Indorama Corporation of Indonesia became core investor in the old Eleme Petrochemicals Company Limited (EPCL) in 2006 through privatisation programme of the Federal Government, the group has become a game changer in the Nigerian economy.
The petrochemical company has solved the major challenge facing a number of manufacturers— poor access to raw materials. Rather than scramble for foreign exchange to import inputs, the company ensures that manufacturers have access to their critical raw materials, enabling them to save costs and improve margins.
The major resins used by plastic and allied companies are polyethylene and polypropylene. Indorama produces about 45 grades of these products for various industries. About 600 of such companies in Nigeria depend on IEPL for their survival. They are estimated to have over 90,000 workers.
It is the Epstien regime of the dumb Donald Trump.
Oil is a global product whose prices are determined by world events.
The murderous, blood thirsty, pedophilic juice started an imperialist war that is now messing up people's lives.
Was city boy ignorant of all these details when he promised to crash petrol price in January 2023?
Is this what he told you personally?
Is the Chicago druggiee not the dumbo here, along with his dogmatic justifiers
Deltafirstson: Although the pump price of fuel was N197 when President Bola Tinubu took over on May 29, 2023, the product now sells for N617 per litre – less than two months after.
In his inaugural address, Tinubu announced that subsidy was gone, fulfilling a promise that all leading presidential candidates made during the campaign.
Nigerians have been lamenting the hardship occasioned by fuel price hike. Amid the lamentation, a video where Tinubu campaigned to slash the price of fuel went into circulation.
Checks by Daily Trust affirmed the authenticity of the video uploaded on the YouTube page of Channels Television.
At his campaign rally in Abeokuta, Ogun State capital, on January 25, 2023, Tinubu spoke on a number of issues, but those of fuel scarcity and naira redesign made the headlines.
However, Tinubu who spoke in Yoruba language, also assured the crowd that though people were saying petrol price would hit N200, it would be reviewed downward under him.
“The great Nigerian youths, the great Nigerian students, the confident Nigerian youths. This is a revolution. This election is a revolution. They are plotting, but they will fail. They said fuel price will increase and reach N200 per litre. Go and relax, we will bring it down,” he had said in the 7th minute of the video.
How much subsidy is city boy and his All Promises Cancelled, APC progreThieves forcing Nigerians to pay for their massive corruption in the oil sector?
Who is a good statistician to help us calculate the amount
Are we supposed to use pictures of incomplete concrete roads as payment for the subsidy forced on us by corrupt, incompetent and clueless APC rogues?
anonimi: Petrol should never cost more than N70 per litre, says APC
January 19, 2015
The All Progressives Congress (APC) has described as mere tokenism the reduction of petrol price from N97 to N87 per litre, saying the petroleum product ordinarily should sell for N70.
On Sunday, the federal government announced the reduction of petrol price, citing the fall of global crude oil price.
But the APC through Lai Mohammed, its spokesman, on Monday accused the government of making a show out of deceit, saying “a 10.3 per cent slash in the price of petrol was a mere tokenism at a time the price of crude oil has crashed by about 60 per cent”.
It argued that the pump price of a litre of petrol should not be more than 70 Naira, alleging that at N87 per litre, the government was forcing Nigerians to subsidise the massive corruption in the oil sector by N17 for every litre of fuel.
Cromagnon: Did they tell you that they went there to better full grown adults lives?
Are you a child
Since when did children become truth sayers, backed by statistics
anonimi: How Indorama sustains manufacturers, boosts Nigeria’s FX earnings
Indorama Eleme Petrochemicals Limited (IEPL) has emerged as a major value creator in the Nigerian economy. It is responsible for the survival, growth and sustenance of many manufacturing companies in Nigeria today. A large number of plastic and allied firms depend on the Eleme-based company for petrochemical resins (or polymer resins) which serve as their raw materials.
The petrochemical company is just one of the several subsidiaries of Indorama-Nigeria Group, which also comprises Indorama Eleme Fertilizer & Chemicals Limited (IEFCL), Indorama PET Nigeria Limited, and Indorama Port Operations.
Since Indorama Corporation of Indonesia became core investor in the old Eleme Petrochemicals Company Limited (EPCL) in 2006 through privatisation programme of the Federal Government, the group has become a game changer in the Nigerian economy.
The petrochemical company has solved the major challenge facing a number of manufacturers— poor access to raw materials. Rather than scramble for foreign exchange to import inputs, the company ensures that manufacturers have access to their critical raw materials, enabling them to save costs and improve margins.
The major resins used by plastic and allied companies are polyethylene and polypropylene. Indorama produces about 45 grades of these products for various industries. About 600 of such companies in Nigeria depend on IEPL for their survival. They are estimated to have over 90,000 workers.
see above They're all the same just waiting for their turn to loot. Or feel too big to run
So you are happy to have the worst among them ruin your country, state and LGA since you don't want to engage in enlightening others about the least bad of the viable options
FreeStuffsNG: At last, El Rufai has found the wisdom in keeping mouth shut for once!
Do you think that if he had been silent in Chatham House, we could have avoided the calamity that is currently in Aso Rock?
Where was Ribadu when El Rufai rescued city boy from his cluelessness in London, before he was given the opportunity to hit the ground running in May 2023
WriterNig: Easy to run your mouth when you're fighting with about 7 countries backing you.
Why don't you fight Iran without support from anyone?
A Nigerian writer who is presumably smart is wailing about 7 countries supporting America in their fight against Iran but unconcerned with his own president’s invitation to America for help in dealing with home grown terrorists.
American invasion of Nigeria that killed innocent northerners as collateral damage.
I guess the clueless city boy was allowed to emerge from his 200 million mumus fellow citizens of misplaced priorities.
He may not escape jail time in Ghana also, except Ghanaians have allowed their country to be ruined by politicians like those in Oshiomhole’s Assembly of Past Criminals, APC.
chisomkachy: The Economic and Financial Crimes Commission (EFCC) has withdrawn the alleged money laundering suit it filed at the Federal High Court against Lagos Speaker Mudashiru Ajayi Obasa.
Naija News understands that the anti-graft did not give any particular reason for its application for withdrawal.
Following the application to withdraw, Justice Nicholas Oweibo discharged the ‘lien/Post No Debit’ placed on Obasa’s three accounts in Standard Chartered Bank.
The accounts are (US Dollars) 0001852063; (Current) 0001852056 and (Saving) 5002309624.
The judge also set aside the ex-parte orders he made on September 15, 2020, which led to the freezing of the accounts.
Recall that the court on September 15, 2020, granted an interim order freezing Obasa’s accounts following the EFCC’s application in a suit marked FHC/LCS/1064/2020.
The agency had said it was investigating the Speaker for the alleged offences of conspiracy, diversion of funds, abuse of office and money laundering.
But Justice Oweibo, on August 16, 2023, heard the application to unfreeze the accounts in his chamber.
During the hearing, the EFCC was represented by Mr. Sulaiman I. Sulaiman, while Obasa was represented by Mr. Adeyinka Olumide-Fusika (SAN).
The EFCC lawyer told the court that the application to unfreeze the accounts was pursuant to Section 44(2)(K) of the 1999 Constitution (as amended) and Sections 26, 29 and 34 (1) of the EFCC (Establishment) Act, 2004, and under the court’s inherent jurisdiction.
Section 44 of the Constitution concerns constitutional rights to property.
Justice Oweibo held: “It is hereby ordered that an order is hereby granted to the respondent/applicant setting aside the ex-parte orders of this court made on the 15th day of September 2020 upon the ex-parte motion of the Applicant/ Respondent in relation the funds of the Respondent/Applicant domiciled in the accounts stated in the following schedule:
“ACCOUNT NAME, FINANCIAL ACCOUNT INSTITUTIONS, TYPE OF ACCOUNT, 1. Mudasiru Ajayi Obasa, Standard Chartered, (US Dollars) 0001852063 2. Mudasiru Ajayi Obasa, Standard Chartered (Current) 0001852056 3. Mudashiru Ajayi Obasa, Standard Chartered (Saving) 5002309624.
“Issued at Lagos, under the seal of this Honourable Court and by the hands of the Presiding Judge this 16th day of August 2023.”
CaseSensitive: Iran stopped all exports to South Africa until apartheid regime stopped killing Africans but we have Africans here thinking Iran is the country birthing Islam extremists and terrorism.
A lot of you don't know who your real enemies are but until then......
How does this claim about Iran exports to apartheid South Africa invalidate Iran’s export of Islam extremism and terrorism?
City boy knows that Americans are our real friends. He asked them to come kill some innocent northerners under the guise of dealing with Muslim terrorists accused of Christian genocide.
FSBoperator: This is not Peter Obi government of maladministration.
What do you call a government that increases tax burden on people to grow budget 100 times but steals the trillions every year instead of employing well paid workers to make ordinary water available to all households?
Lanrelagboi: Lagos has now crossed the 3 Trillion Naira annual budget mark. Crossed 2 Trillion in 2024.
Memory Lane: the first full-year Lagos State budget (Year 2000) in the 4th Republic was in the region of 40-something billion Naira. And it was described as “unprecedented” back then.
Good road opens door for economic and social development.
You are so right bro.
Do you have the manual to transform pictures of incomplete road projects into legal tender naira to pay bills, buy goods and services?
How many of these pictures are you using to pay the subsidy forced on Nigerians by APC’s massive corruption in the oil sector
anonimi: Petrol should never cost more than N70 per litre, says APC
January 19, 2015
The All Progressives Congress (APC) has described as mere tokenism the reduction of petrol price from N97 to N87 per litre, saying the petroleum product ordinarily should sell for N70.
On Sunday, the federal government announced the reduction of petrol price, citing the fall of global crude oil price.
But the APC through Lai Mohammed, its spokesman, on Monday accused the government of making a show out of deceit, saying “a 10.3 per cent slash in the price of petrol was a mere tokenism at a time the price of crude oil has crashed by about 60 per cent”.
It argued that the pump price of a litre of petrol should not be more than 70 Naira, alleging that at N87 per litre, the government was forcing Nigerians to subsidise the massive corruption in the oil sector by N17 for every litre of fuel.
Bluntemperor: WOW! 🙄😒🫥 Like Seriously ,this is Great 👍 But the Governors And the Locals Head and Traditional Rulers- WILL BE HELD ACCOUNTABLE IN THEIR RESPECTIVE -STATES. NEW NIGERIA IS POSSIBLE! STATE POLICE 🚓 IS COMING. IF YOU LIKE RECRUIT Bandits and Terrorists into your State Police - na your State go Suffer. •This State Police -Has Worked Perfectly,in USA and Europe 🌍,but hope Nigerian POLITICIANS - Will Not Use it Against their Opponents,in their States- in the Long -run, because this is Nigeria,where we Always Committing to do the Impossible! •God bless Tinubu, •God Bless IGP Disu. •God Bless Nigeria and Nigerians!
Only Satan can curse liars who sell dummies to unsuspecting people.
What section of our 1999 constitution, as amended till date, allows for state police
How can the IGP and his boss implement something that is UNCONSTITUTIONAL? Are they so lawless or just plain dumbos?
Mynd44: Isn't this the NASS member who assaulted a delivery rider doing his job?
Nigerians and their leaders
Is he not better than the city boy who assaults millions of Nigerians repeatedly with higher tax burden that is stolen instead of being used to make government services and utilities available to everyone?
Do you agree that the difference between the two is like that between darkness and light
Is that why our president invited America to violate our sovereingty, killing innocent northerners under the guise of searching for Muslim terrorists causing Christian genocide?
SixSeven: This comment makes me sad. A lot of people don't know what their ancestors did. They will rather die than be captured. The other day when they were posting the Russian guy sleeping with ladies, I had to look for a video for them to see that that pattern was common. I just learned one that African-Americans did too (but the historians deliberately don't want the African man to know) , they would die in the sea than be enslaved.
I think we should start asking people about their ancestry. A lot of parents can't talk about it. They don't talk about their lineage so people think they are from Asia or Europe. If you know your history, you are liberated. Parents should start talking about their own parents and grandparents, this is how you know your history.
Sccarrr: America don turn middle East to bomb playground....... So if African countries decides to live up to their full potential tomorrow and decide to build their own fortresses.....Mr America go be like .."no no no!, you are a threat to the American citizens and the world, you are not mature enough to have this or that,only America is meant to have those, plus who are we going to call shithole if you raise your standard, nah! we can't have that....
take bomb kaaaboom 💣
Why has America not turned SE Asia to bomb playground
What are Chinese, Singaporeans, Malaysians, Indonesians and South Koreans doing differently?
Na wetin small pikin wey dey drag space with big boys deserve
Vision101: Did your PDP deregulate? Why were they still paying for subsidy on petroleum products? Why were they still regulating the value of naira?
Mention one success case of privatisation? Was it not the privatisation of NEPA that made our electricity situation worse? Please I'm waiting for quantitative answers and not stories.
PDP deregulated the telecom industry.
PDP subsidised fuel and dollars yet they didn’t impose heavy tax burden on us, neither did they incur huge debt to be paid by generators unborn.
PDP privatised the petrochemicals division of NNPC.
anonimi: How Indorama sustains manufacturers, boosts Nigeria’s FX earnings
Indorama Eleme Petrochemicals Limited (IEPL) has emerged as a major value creator in the Nigerian economy. It is responsible for the survival, growth and sustenance of many manufacturing companies in Nigeria today. A large number of plastic and allied firms depend on the Eleme-based company for petrochemical resins (or polymer resins) which serve as their raw materials.
The petrochemical company is just one of the several subsidiaries of Indorama-Nigeria Group, which also comprises Indorama Eleme Fertilizer & Chemicals Limited (IEFCL), Indorama PET Nigeria Limited, and Indorama Port Operations.
Since Indorama Corporation of Indonesia became core investor in the old Eleme Petrochemicals Company Limited (EPCL) in 2006 through privatisation programme of the Federal Government, the group has become a game changer in the Nigerian economy.
The petrochemical company has solved the major challenge facing a number of manufacturers— poor access to raw materials. Rather than scramble for foreign exchange to import inputs, the company ensures that manufacturers have access to their critical raw materials, enabling them to save costs and improve margins.
The major resins used by plastic and allied companies are polyethylene and polypropylene. Indorama produces about 45 grades of these products for various industries. About 600 of such companies in Nigeria depend on IEPL for their survival. They are estimated to have over 90,000 workers.
Malagans: Even the common man on the street is wicked and greedy
While you may be right about this, should those who are allowed to emerge from among us into public SERVICE be the most selfish, the most wicked and the MOST greedy?
Do they not typically promise to be much better than we are, and to be honest leaders who won’t steal money that should employ well paid workers to make government services and public utilities available to everyone
FreeStuffsNG: Baba Nuhu Ribadu, current National Security Adviser(NSA).
Ribadu road, Ikoyi was named after him.
Where is El-Rufai's Dad?
Kii ṣe Bàbá Nuhu Ribadu nìyẹn. His father was a member of parliament and subsequently served as ambassador to Niger republic when military dictator Buhari was in power.
The fact that El Rufai had no prominent father means he worked for his laurels by himself. A self made man unlike Nuhu Ribadu that was propped up by his privileged family.
Do you think that is why the 2011 ACN presidential candidate is just as clueless as his current boss
Maxymilliano: The presidential candidate of the All Progressives Congress (APC) Asiwaju Bola Ahmed Tinubu has explained why he delegated some members of the party to respond to questions posed to him. According to the former Lagos Governor, he adopted the delegation method “to show team-ship”.
Tinubu spoke at the Chatham House lecture titled: ‘Nigeria’s 2023 elections: In conversation with Bola Ahmed Tinubu’, monitored by The Nation.
At the lecture, Tinubu after his opening remarks, assigned Kaduna Governor Nasir El-Rufai to speak on how his (Tinubu-led) government would address insecurity and asked the Director of Strategic Communication of the All Progressives Congress (APC) Presidential Campaign Council, Dele Aleke, to respond to the question on oil theft.
Politics › Re: NNPC Hikes Petrol Pump Price To ₦933/Litre In Lagos, ₦960/Litre In Abuja by anonimi: 8:54am On Mar 05
