everythingtall3: Billionaires cashing out on the poor citizens ... 100 naira x 100 million liters...
Do you mean the billionaire rogue politicians in Oshiomole's Assembly of Past Criminals, APC who promised us cheap petrol but have delivered expensive petrol and hyperinflation for extreme poverty shege
Abi by how much Naira do you think this APC government is forcing Nigerians to subsidise the massive corruption in the oil sector for every litre of fuel.
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.
FORMER Minister of Petroleum and Energy, Prof. Tamunoemi David-West, said that Nigerians should expect sharp drop in petrol price from the current N87 to about N40 per litre, saying, “the president-elect, Gen. Mohammed Buhari, will reduce the fuel pump price to N40 per litre.”
- President Bola Tinubu, Jan 1 2026 New Year Message to Nigerians
The same renewed hopelessness format used to hold 20 million Lagosians in bondage with high TAX burden yearly since 1999 without employing well paid workers for basic government services and utilities like free education.
Do you actually believe that Tinubu and other APC leaders looters are progressives like Awo, Jakande, Bola Ige, Ambrose Alli etc? Or do you realise they are just balablu propagandist progreThief liars
Maybe Obasanjo, Atiku and other politicians in PDP like Makinde are the real progressives seeing how much more they have doen for the free education of all children?
anonimi: Ratio of public to private schools in Lagos State is one to 22 ― Commissioner September 4, 2022
The Lagos State government has said the ratio of public to private schools at both primary and secondary school levels in the state is one to 22.
The state’s Commissioner for Education, Mrs Folasade Adefisayo, gave the revelation in her remark at the 2022 edition of the Total School Support Seminar Exhibition (TOSSE) held at Oregun in Ikeja between Thursday and Friday.
djseanjohn77: My problem with majority of you these children of nowadays, is, you always think things are really worse now.
During Obasanjo, before he became president, my school fees was N250 and few years into is presidency, my fees became N25,000..... and for a 4 year programme, we ended up using 7 years - no extra year included due to repeated strike.
What was the minimum wage before May 1999 and what was it by May 2007?
What was the unemployment rate before and after Obasanjo's PDP administration of deregulation and privatisation politicians who gave us widespread prosperity without encumbering us with huge national debt?
By the way, how do you know that anyone here is a child of nowadays or a child of yesterdays
Nemere2020: The Minister of Finance and Coordinating Minister of the Economy Chief Olawale Edun has said the last time Nigeria’s economy looked stable was about a decade ago.
He made this statement during his maiden press conference as Minister of Finance where he outlined President Bola Tinubu’s vision, agenda and strategy for the economy.
He said, “I think as we all know, we are not where we should be. The economy is barely growing above the rate of population growth.
“But it was not always so, and I think in trying to look at the way forward, if we now have a situation of slow growth, double-digit inflation, weak/depreciating exchange rate, as well as security concerns that are resulting in an economy that is not growing and not taking Nigerians out of poverty.
“If we think back to the last time when the economy was stable- when it was growing, when inflation was low, and the interest rate was affordable, that period was about a decade ago. Growth was about 6% in 2013 and 2014.”
Everyone earning less than 7 figures monthly got reduced taxes & saw an increase in salary compared to previous months.
Please when will everyone benefit from the N300/$1 Tinubu short term goal, which he has failed to achieve despite saving $84 billion from subsidy removal and borrowing $3.3 billion from Afreximbank to defend the Naira specifically, using SPV future oil revenues
anonimi: World Bank offers Nigeria forex rate advice, as Tinubu eyes N200/Dollar rate
April 23, 2023
The President-elect said he would work with the Central Bank of Nigeria (CBN) to *bring down the exchange rate to N200 in his first term.*
“My administration will collaborate with the Central Bank to harmonize the fiscal and monetary policy to achieve immediate stabilization of the value of the naira against the US dollars and other currencies and in the short term, strengthen the naira by boosting the supply of foreign currency and moderating demand.
“The short-term goal is to achieve a naira/dollar rate of 300 naira/US$ and gradually achieve a less than 200 naira rate over the next four years, Tinubu stated.
Nigerians realized on twitter that the whole propaganda was indeed propaganda. January salary entered their accounts and their salaries increased due to lower taxes.
Exactly what this tax guy said was going to happen. The new tax laws reduces taxes for like 90% of Nigerian workers.
Any idea why Tinubu and Oshiomhole’s Assembly of Past Criminals, APC has failed to make N70 petrol happen in their 11 years of extreme poverty shege of galloping inflation
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.
The joy on the faces of their parents is priceless now.
If NELFUND budget does not cover all students affected by higher tuition fees since Tinubu got his turn to worsen APC extreme poverty shege, then why should your god bless him for his agbalọwọmeri modus operandi
Most tertiary institutions in the country have hiked their fees by over 150 %, putting serious strains on the finances of parents and guardians who also have to contend with the poor state of the economy which has reduced purchasing power and savings.
Checks by Vanguard Learning in public universities across the country show that the increment in obligatory fees, which started late last year is continuing, as a new session starts in some schools this January.
Only on January 6, this year, for instance, the Federal University of Technology, Akure, FUTA, Ondo State came out with a proposal to hike fees by over 100%.
Ttalk: If you want to work in Lagos state civil service send me your CV, I can help you secure a job there
Why can’t you understand the comment beyond your narrow, parochial, self serving mindset
anonimi: Lawmaker scores Lagos Water Corporation low
A Lagos State lawmaker, Mr Saka Fafunmi, on Thursday expressed dissatisfaction at the performance of the state Water Corporation.
Fafunmi, a member of the Lagos State House of Assembly (LAHA), said in Ikeja that the corporation had not been able to justify statutory allocations to it.
The lawmaker, who represents Ifako-Ijaiye Constituency 1 at the assembly, spoke to the News Agency of Nigeria (NAN).
He said that the corporation had the capacity to generate much fund internally through water rates but had relied solely on government funding because of poor performance.
'' Anyone that is using water will be willing to pay for it; the corporation has not been giving us water.
"Is there any new community that Water Corporation has given water? People depend on boreholes; even government estates have industrial boreholes.
"Why do we keep pumping money into an agency that does not give us the desired results?'' he asked.
He noted that the Adiyan Waterworks was located at Ifako-Ijaiye, where many of the residents had resorted to digging boreholes as a means of getting water.
''A lot of people are falling sick because they don't drink clean water.
''In the same compound, where you have sewage, is where you have a borehole.
''There is no way you can manage the sewage that it will not leak and pollute the water; everyone drinking such is drinking contaminated water,'' he said.
The lawmaker urged the corporation to increase water reticulation and supply to residents.
Tinubu knows what the true value of the Naira should be, and he borrowed $3.3 billion Afreximbank SPV loans to defend his position, with future oil revenues as guarantee.
anonimi: World Bank offers Nigeria forex rate advice, as Tinubu eyes N200/Dollar rate
April 23, 2023
The President-elect said he would work with the Central Bank of Nigeria (CBN) to *bring down the exchange rate to N200 in his first term.*
“My administration will collaborate with the Central Bank to harmonize the fiscal and monetary policy to achieve immediate stabilization of the value of the naira against the US dollars and other currencies and in the short term, strengthen the naira by boosting the supply of foreign currency and moderating demand.
“The short-term goal is to achieve a naira/dollar rate of 300 naira/US$ and gradually achieve a less than 200 naira rate over the next four years, Tinubu stated.
If Tinubu’s expired Buhari failed to achieve APC’s true value of the Naira, should Bọbọ Chicago also fail
Muhammadu Buhari, presidential candidate of the All Progressives Congress (APC), has promised to ensure that the naira would be equal to the dollar in value if voted into office.
NAN reports that Buhari said this on Monday during the south-east presidential rally of the party at Dan Anyiam Stadium, Owerri.
“It is sad that the value of the naira has dropped to more than N230 to one dollar. This does not speak well for the nation’s economy,” he said.
He urged the people to vote for APC, noting that he would ensure that corruption was tackled headlong if elected.
Lagos leads with Tinubu’s TAX monster plan for raising revenue from the masses without employing workers to make government services and utilities available in a commensurate manner. Not so
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.
Doyou2019: And what would that mean for the masses other than poverty, insecurity and strife.
As long as Yorubalokan BATists and other people in Oshiomhole’s Assembly of Past Criminals, APC have a chance to buy petrol for N70, and other things at discount prices they don’t care about the masses.
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.
Richtaiwo is seeing balablu just like his Tinubu idol whose legs dey shake and his hands dey shake so tey he is always going to France for treatment while pretending to be having new year lunch with Kagame that was celebrating in his own country.
Ten years of unproductive, publicly funded foreign travel by APC governments. Ten whole years.
The events in Switzerland over the last few days have had several countries stressing the importance of diversifying their trading partners. These countries have publicly disclosed new trade agreements recently signed with ASEAN etc. as well as with South Africa, India etc.
Nigeria has not been mentioned once. Not once. Which of course raises the question: what is all this expensive foreign travel by Nigerian leaders for? Just what is it for?
Is that why every patriotic Nigerian should work together to return us to PDP deregulation and privatisation politicians who gave us 16 years of widespread prosperity, low national debt and low insecurity because of high employment and productivity
thisweekng: The Minister of Finance and Coordinating Minister of the Economy Chief Olawale Edun has said the last time Nigeria’s economy looked stable was about a decade ago.
He made this statement during his maiden press conference as Minister of Finance where he outlined President Bola Tinubu’s vision, agenda and strategy for the economy.
He said, “I think as we all know, we are not where we should be. The economy is barely growing above the rate of population growth.
“But it was not always so, and I think in trying to look at the way forward, if we now have a situation of slow growth, double-digit inflation, weak/depreciating exchange rate, as well as security concerns that are resulting in an economy that is not growing and not taking Nigerians out of poverty.
“If we think back to the last time when the economy was stable- when it was growing, when inflation was low, and the interest rate was affordable, that period was about a decade ago. Growth was about 6% in 2013 and 2014.” Private sector to drive the economy
Richtaiwo: Now to all the handle-mops who instantly convened an emergency prayer meeting, begging heaven to deny journey mercies, I bring glad tidings, God is not from your village.
As a result, your local motion has been overruled.
When will you and Tinubu bring glad tidings about crashing petrol price below the January 2023 level?
Abi, you are not praying and begging heaven for this local motion ni?
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.
Dennisochampa: God bless Nigeria... God heal Nigeria.. Death to all enemies of Nigeria who fight day and night to make sure Nigeria doesn't work....
Nigeria will be great again
When do you expect your god to kill the Lagos TAX monster planner who fights and grabs power day and night to steal money that should employ workers to make ordinary water available to all households in his detty, smelly and filthy state?
The same a-looter progreThief agenda is being used against 200 million Nigerians from his rented Aso Rock villa. Abi what is the point of saying that he has hit his target for revenue in August and won’t borrow money but he is borrowing more than PDP presidents who gave us cheap petrol, low inflation, high employment rates, low insecurity etc
Onegai: Have you ever seen Porn being shot? Take 1: "oya move like dis" (2 mins later) "Cut! Oya sit down and wait for 40 mins whilst we change lighting and arrange the set, then you will change position. Please when you're carrying her leg up, remember the Camera Man has to be very close for a close-up shot, so bend her leg into this uncomfortable position so we can film well".
Then the male actor is drinking tablets and touching himself, worried that his amu has to stay hard for hours, then female actress is chilling around looking bored during takes.
And it's so degrading, they have to numb themselves with alcohol and drugs to do it day in, day out (go and check, a lot of them end up as users).
So not only is destroying you, it's destroying the actors.
In what capacity have you been watching the shooting of porn films
If you are not smart enough to see the long-term benefits of cultural hegemony, go back to Primary School.
If Nigerian fashion becomes global, who benefits? Not Nigerians??
Is that not JOBS for Nigerian designers, and growth potential for textile industries?
Myopic people with no sense.
''Unworkable union'' yet 30 million Igbos have fled the east to live inside that ''unworkable union'' refusing to return to Umuahia and Awka.
Go and get a JOB and stop disturbing people with your nonsense. . .
Always 'Singapore'. There are 205 countries on Earth, 80% of which are developing countries.
None of them have become ''SINGAPORE'', because ''SINGAPORE's'' rise was unique, and driven primarily by the free and open access to western markets granted it for its manufactured goods, plus free technology transfer after WW2, since the west WANTED it to be a capitalist 'tiger' alongside 4 or 5 others there like Taiwan, South Korea, etc, to help checkmate growing Soviet communism in the Asia Pacific, in the post - WW2 era.
Without that strategic western interest, 'SINGAPORE' would be no different from its surrounding, struggling western-ignored neighbours and brothers - Burma (Myanmar), Cambodia, Phillipines, Nepal, Mongolia, North Korea, and other strugglers, you NEVER mention.
And when you create you little banana republic, you will NOT get the western market access or technology transfer SINGAPORE did, and you would be a poor, broke place like South Sudan, your fellow new tiny republic nobody cares about.
MR SINGAPORE.
Why should the West help Nigerian fashion, if they can't help us holistically like you said they helped Singapore and other Asian countries?
Is that how you show that you are not an ignorant and myopic person?
tishbite41: Hmmm The powers that be wanna upstage Wike real quick
He'll fight back and fight dirty
Since when did beggars start fighting detty, if not to crawl back to their vomit and beg again
anonimi: Wike lobbied PDP committee to be Atiku’s running mate – Ex-gov’ship aspirant
Thu, 29 Sep 2022 14:33:04 WAT
Muazu Magaji, a former governorship aspirant of the Peoples Democratic Party in Kano State, has alleged that the Governor of Rivers State, Nyesom Wike, lobbied members of the party’s committee constituted to advise the presidential candidate, Atiku Abubakar, on the choice of his running mate.
Magaji disclosed this while speaking on Channels TV’s Sunrise Daily, on Thursday.
The Kano politician also argued that there was no proof that Atiku promised Wike the vice president position as claimed.
The PDP committee had recommended the Governor of Delta State, Ifeanyi Okowa; Governor of Akwa Ibom State, Udom Emmanuel and Wike.
The committee, however, scored Wike above the other two contenders but Atiku decided to settle for Okowa. A decision that has since unsettled Wike’s camp.
Magaji, however, claimed that Wike lobbied to be scored ahead of others, adding that the Rivers State governor should not be trusted with important positions in the country.
2023: PDP and politics of healing Wike’s self-inflicted injury
Then, the race began in earnest for three years now, reaching a frenzy with the works of the two PDP committees on zoning. The first was the Gov Ifeanyi Ugwuanyi committee on the zoning of the PDP party offices. The Ugwuanyi committee quickly told the world the committee’s assignment did not cover zoning the office of the president. Though this was true, the question is: why didn’t the Ugwuanyi committee zone the PDP chairmanship to the North without aligning it to the divide that would produce the PDP presidential flag-bearer? The second committee headed by Gov Samuel Ortom of Benue state was specifically on the zoning of the presidential ticket and, with the votes of the representatives of all the 17 Southern states without any exception, the Committee unanimously recommended throwing open the PDP presidential ticket, which the PDP NEC simply upheld.
One thing irrefutably stands out – Wike shot himself in the leg. Here was a man who had an overarching influence on both committees but could not insist that the ticket be zoned South. Many had wondered why? The reason is also relatively in plain sight: the Southeast factor. As the clamour for zoning of the presidential ticket of the PDP to South reached its crescendo, many had pointed out the fact that though the PDP Constitution had prescribed zoning of the office of the president to be between North and South since the South-west and South-south had taken their turns in producing the president and the vice in this current dispensation in the persons of Olusegun Obasanjo and Goodluck Jonathan, zoning this time around, should not just be to the South but the Southeast.
Atiku Abubakar went a step further by offering to step down from the race if it would be agreed that the touted zoning to the South would mean micro-zoning to the Southeast. Wike and the rest could not take the Atiku challenge maybe because Atiku would likely back Peter Obi, who was his vice-presidential running mate in 2019 and an ally. The prospects of Peter Obi picking the ticket if PDP zoned South was so real compelling Wike to go for an open contest, believing he could pick it up ahead of Atiku, Tambuwal and Bala Mohammed, given his large war chest.
ddippset: Says a man who hijacked the party and singlehandedly produced the last 4 National Chairmen of the party for his own selfishness.
Says a man who accepted nomination to be running mate to Fulani Atiku. He knew it was injustice to give Atiku the ticket yet he lobbied to be the VP.
He knew the party had to go South for the 2023 election, yet he still put Secondus as National Chaiman just to hijack the party.. Only to push Secondus out because he wanted the ticket 2023.
This man remains the biggest problem of PDP.
He can only deceive and fool his minions, not reasonable people.
Auto58: That's good for him Abuja no be River State
He may have been confused into thinking otherwise because he grabbed land in FCT to plant his Rivers shopping mall there.
treesun: A Port Harcourt based company, Hyper City Retail Limited is building a shopping mall on an Abuja plot of land meant for a memorial in honour of construction workers and hawkers killed in a 2008 building collapse on the site, Daily Trust investigations have revealed.
The land, located in Utako District of Abuja, the Federal Capital City, had its original allocation title revoked by then Minister of the Federal Capital Territory (FCT), Aliyu Modibbo Umar to serve as a deterrent to property developers for violating building regulations.
Situated on the road leading to Jabi Motor Part on P.O.W. Mafemi Crescent, the plot is numbered 230, Cadastral Zone B05, Utako District.
It is now a beehive of activities as the construction of a sprawling shopping mall has reached an advanced stage.
Investigations revealed that construction giant, Julius Berger Nigeria Plc is handling the project on behalf of Hyper City Retails Limited, which has a chain of supermarkets in Port Harcourt, Rivers State.
A visit to the company’s website showed that Hyper City Retails has four branches in the Rivers State capital.
They are located on Tombia Road, Opposite Polo Club, New GRA; Eastern Bypass Roundabout, Ogbunabali; Ikoku Junction, Olu-Obasanjo Road, Adjacent Ikwerre Road and Slaughter Roundabout, Trans-Amadi Road, Ogingba.
Findings revealed that the company was registered by the Corporate Affairs Commission (CAC) on May 18, 2022, with registration number 1931320 as a private company limited by shares.
Its known address is Igwuruta Road, Igwuruta, Ikwerre, Rivers State, while its Principal Business Activities include retail trading in general consumer goods, estate management agency and importer of general goods.
The Directors of the company, as indicated in the Corporate Affairs Commission (CAC) updated status, include Chinda Chika Nwenenda of Old Refinery Road, Elelenwo Port-Harcourt, Obio/Akpor, Rivers State; and a Lebanese, Roukoz Sarkis Rachid of Aba Road, Port-Harcourt, Obio/Akpor, Rivers State. The Secretary of the company is Ekpunobi Samuel Chibuzo of Okota Road, Lagos State.
The company’s status listed the shareholders to include Aleed Construction Limited [307460] and has its address as Igwuruta road, Igwuruta, Ikwerre, Rivers state; and Tech Farms and Estates Limited [1826771] of Aba Road, Port-Harcourt, Obio/Akpor, Rivers State.
Not much is known about the directors of the company as of the time of writing this report apart from what is listed in the status from CAC, but the company was established during the tenure of Governor Nyesom Wike, who is now the minister of the FCT.
Residents of Port Harcourt, the Rivers State capital linked Hyper City to a powerful politician from the state but could not provide any evidence.
potbelly: He never expected this to happen to him...
He never expected Modu's curse to happen to him in the fullness of time
anonimi: "Wike and Fayose have brought shame to PDP" -Ali Modu Sheriff
According to him, he will restructure the PDP in such a way that Wike and Fayose cannot contain because they have brought “shame” to the party. Read what he said below
“I will engineer a restructuring of the PDP such that characters like Wike and Fayose cannot find a way through to attain any position of prominence in our party in the future. They have brought shame and agony through the application of their crude and godless politics which is at variance with the principles upon which our founding fathers built our great party.
We must find a way to sieve things so that only men of character and integrity can come through for positions of responsibility at all levels of our political engagement in the country. We must urgently steer the ship of PDP clear of the path of infamy which Wike and Fayose have brought our party, making Nigerians to mistake PDP as a training ground for thugs.
That is the urgent task we have. We cannot continue to advertise thug brand and expect Nigerians to take us seriously”.
Can he risk his life through Niger, Sahara desert and Libya if he does not want to work with others to return our country to its GREEN past of PDP deregulation and privatisation prosperity
anonimi: The migrant crisis in Libya and the Nigeria experience
JUNE 24, 2019
The drive for survival and for greener pastures has continued to force millions of West African young men and women to gamble with death in attempts to cross over to Europe and other parts of the world. This quest to escape poverty, hunger, unemployment and insecurity, among other reasons, caused a major segment of Nigeria’s population to seek alternatives for better livelihood prospects for themselves and their families.
Those seeking economic survival see irregular migration as the best alternative, given the difficulty and resources involved in migrating through regular and legitimate routes. In many instances, very few of the original number who set out on these dangerous journeys live to tell their stories. While many regularly drown in the Mediterranean Sea, many also die in the deserts, and others are sold as slaves in a modern slave market.
Most of the victims of this trade are from West Africa. Many of them leave home with expectations of getting to Europe and other destinations perceived to have better economic prospects for them, but they end up in the slave merchant nets in North Africa. The victims are put in camps and sold in open markets in Libya, while the international community watches in silence. The geographical location of Libya renders it a transit route for migrants journeying to Italy and many other parts of Europe.
BangaRice: Imagine at a time Nigerians and other non-European nationals are being deported from USA. If i can just make it into Greenland and integrate well, Denmark or USA is sure after the dust of whatever they have going on has settled.
Who knows how i can get into greenland peacefully and in one piece please? Nairalanders should help a bro.
What are you looking for in Greenland when you can work with others to make Nigeria green again with the return of PDP's deregulation and privatisation politicians who gave us widespread prosperity for 16 years, before Tinubu packaged his 2011 expired Buhari as APC messiah four years later?
Instead of the positive change promised, APC leaders looters only delivered extreme poverty shege that Tinubu has even made worse since we gave him his own turn at the treasury.
Oga stay here and work to make Nigeria GREEN again.
fredoooooo: The money they gave you before how's the accountability...
things don't go his way he starts to dey blab ..
Have you seen Tinubu's accountability for the SPV Afreximbank loan of $3.3 billion secured with future oil sales to defend the Naira since Tinubu has failed to make dollar equal to N300 in the short term after he hit the ground running in May 2023
ijustdey: Nigeria will pay an interest of 11.85 percent per annum on the $3.3 billion “pre-export finance facility” (PxF) facilitated by the Nigerian National Petroleum Company (NNPC) Ltd and arranged by Afrexim Bank, TheCable can report.
Until now, the fine details of the transaction, which has a five-year tenor, had been withheld by all parties involved.
A similar cocoa-backed $800 million facility arranged for Ghana by its cocoa marketing board attracts an interest of 8 percent per annum.
Bilateral lenders, such as the International Monetary Fund (IMF), would typically charge 1-3 percent with a longer tenor.
In the details seen by TheCable, Nigeria pledged a total of 164.25 million barrels of crude oil — at 90,000 barrels per day — starting from 2024 to repay the loan through Project Gazelle Funding Ltd, an “orphan” special purpose vehicle (SPV) incorporated in Bahamas for the PxF.
Effectively, the NNPC has pledged 38.58 percent of five years’ worth of tax and royalty oil to secure the loan.
Nigeria pledges over $12 billion worth of oil At the beginning of 2024, a barrel of Nigerian oil was sold at the international market at $77.93 per barrel, according to the Central Bank of Nigeria (CBN) data.
At $77.93 per barrel, the 164.25 million barrels of oil pledged by Nigeria equals $12.8 billion — about three times more than the facility taken.
Pre-2014, the national oil company used to remit an average of $3 billion from oil sales every month.
Officially, Project Gazelle Funding Ltd (PGFL) is the borrower while the NNPC is the “sponsor” and will pay with oil to the SPV to liquidate the loan.
To make the repayment, the NNPC will forward-sell 90,000 barrels per day of Nigeria’s share of offshore crude oil under the production sharing contract (PSCs) with the oil companies.
Under PSCs, the companies usually pay royalties and taxes by giving the oil equivalent to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Federal Inland Revenue Service (FIRS) respectively.
The NNPC in turn exports the oil on behalf of NUPRC and FIRS and remits the proceeds to the agencies.
This is part of the revenues paid into the federation account and shared by the three tiers of government.
But under the PxF, the revenue from 90,000 barrels per day will be used to service the loan in the next five years.
The loan arrangers will get a commission of $66 million or 2% of the facility, TheCable further learnt.
Nigeria will pay 2 percent penalty per annum in the event of a default.
‘DOLLAR LIQUIDITY TO STABILISE THE NAIRA’
The national oil company announced in August 2023 that the PxF was to support the federal government “in its ongoing fiscal and monetary policy reforms aimed at stabilizing the exchange rate market”, describing it as “a relief for the naira”.
It called the facility “crude oil repayment” with an upfront cash loan “against proceeds from a limited amount of future crude oil production”.
At the time, the dollar exchanged for an average of N775 in the official market and N885 on the streets.
The rates have now moved to N1,035/$ (official) and N1,230/$ (parallel).
Nigeria’s outstanding forex liabilities are currently thought to be over $7 billion.
In an explainer after announcing the PxF last year, the NNPC said its exposure is very limited, “covering just a fraction” of their entitlements and that “there are no sovereign guarantees tied to it”.
It said it “will also equip the Federal Government with the necessary dollar liquidity to stabilize the Naira, with limited risk”.
A strengthened naira as a result of the initiative, it said, “will lead to a reduction in fuel costs. This means that if the Naira appreciates in value, the cost of fuel will drop and further increases will be halted”.
It also ruled out subsidies, maintaining that a stronger naira “will result in lower prices from the current level, making subsidies unnecessary. The deregulation policy remains unchanged”.
Critics questioned NNPC’s involvement in getting loans to boost forex reserves when it should be concentrating its efforts on bringing in more oil revenues.
There were also questions over the decision to pledge the tax and royalty oil belonging to the entire federation to secure the loan.
Analysts also queried why the details of the deal were never made public.
yarimo: WIKE really show makinde pepper 🌶️ makinde is now chief lamenter
Just as PDP showed wicked ologogogoro FCT land grabber pepper to the extent that he scattered the party after his begging to be Atiku's VP was rejected.
anonimi: Wike lobbied PDP committee to be Atiku’s running mate – Ex-gov’ship aspirant
Thu, 29 Sep 2022 14:33:04 WAT
Muazu Magaji, a former governorship aspirant of the Peoples Democratic Party in Kano State, has alleged that the Governor of Rivers State, Nyesom Wike, lobbied members of the party’s committee constituted to advise the presidential candidate, Atiku Abubakar, on the choice of his running mate.
Magaji disclosed this while speaking on Channels TV’s Sunrise Daily, on Thursday.
The Kano politician also argued that there was no proof that Atiku promised Wike the vice president position as claimed.
The PDP committee had recommended the Governor of Delta State, Ifeanyi Okowa; Governor of Akwa Ibom State, Udom Emmanuel and Wike.
The committee, however, scored Wike above the other two contenders but Atiku decided to settle for Okowa. A decision that has since unsettled Wike’s camp.
Magaji, however, claimed that Wike lobbied to be scored ahead of others, adding that the Rivers State governor should not be trusted with important positions in the country.
2023: PDP and politics of healing Wike’s self-inflicted injury
Then, the race began in earnest for three years now, reaching a frenzy with the works of the two PDP committees on zoning. The first was the Gov Ifeanyi Ugwuanyi committee on the zoning of the PDP party offices. The Ugwuanyi committee quickly told the world the committee’s assignment did not cover zoning the office of the president. Though this was true, the question is: why didn’t the Ugwuanyi committee zone the PDP chairmanship to the North without aligning it to the divide that would produce the PDP presidential flag-bearer? The second committee headed by Gov Samuel Ortom of Benue state was specifically on the zoning of the presidential ticket and, with the votes of the representatives of all the 17 Southern states without any exception, the Committee unanimously recommended throwing open the PDP presidential ticket, which the PDP NEC simply upheld.
One thing irrefutably stands out – Wike shot himself in the leg. Here was a man who had an overarching influence on both committees but could not insist that the ticket be zoned South. Many had wondered why? The reason is also relatively in plain sight: the Southeast factor. As the clamour for zoning of the presidential ticket of the PDP to South reached its crescendo, many had pointed out the fact that though the PDP Constitution had prescribed zoning of the office of the president to be between North and South since the South-west and South-south had taken their turns in producing the president and the vice in this current dispensation in the persons of Olusegun Obasanjo and Goodluck Jonathan, zoning this time around, should not just be to the South but the Southeast.
Atiku Abubakar went a step further by offering to step down from the race if it would be agreed that the touted zoning to the South would mean micro-zoning to the Southeast. Wike and the rest could not take the Atiku challenge maybe because Atiku would likely back Peter Obi, who was his vice-presidential running mate in 2019 and an ally. The prospects of Peter Obi picking the ticket if PDP zoned South was so real compelling Wike to go for an open contest, believing he could pick it up ahead of Atiku, Tambuwal and Bala Mohammed, given his large war chest.
ddippset: Says a man who hijacked the party and singlehandedly produced the last 4 National Chairmen of the party for his own selfishness.
Says a man who accepted nomination to be running mate to Fulani Atiku. He knew it was injustice to give Atiku the ticket yet he lobbied to be the VP.
He knew the party had to go South for the 2023 election, yet he still put Secondus as National Chaiman just to hijack the party.. Only to push Secondus out because he wanted the ticket 2023.
This man remains the biggest problem of PDP.
He can only deceive and fool his minions, not reasonable people.
Jayhome24: Makinde is a loser and we are coming for him to demand whereabout the N30billion he collected chop and clean mouth.
To show that you are not the worstest loser here, can you please confirm that you have demanded the whereabout of the SPV Afreximbank loan of $3.3 billion secured with future oil sales to defend the Naira since Tinubu has failed to make dollar equal to N300 in the short term after he hit the ground running in May 2023
ijustdey: Nigeria will pay an interest of 11.85 percent per annum on the $3.3 billion “pre-export finance facility” (PxF) facilitated by the Nigerian National Petroleum Company (NNPC) Ltd and arranged by Afrexim Bank, TheCable can report.
Until now, the fine details of the transaction, which has a five-year tenor, had been withheld by all parties involved.
A similar cocoa-backed $800 million facility arranged for Ghana by its cocoa marketing board attracts an interest of 8 percent per annum.
Bilateral lenders, such as the International Monetary Fund (IMF), would typically charge 1-3 percent with a longer tenor.
In the details seen by TheCable, Nigeria pledged a total of 164.25 million barrels of crude oil — at 90,000 barrels per day — starting from 2024 to repay the loan through Project Gazelle Funding Ltd, an “orphan” special purpose vehicle (SPV) incorporated in Bahamas for the PxF.
Effectively, the NNPC has pledged 38.58 percent of five years’ worth of tax and royalty oil to secure the loan.
Nigeria pledges over $12 billion worth of oil At the beginning of 2024, a barrel of Nigerian oil was sold at the international market at $77.93 per barrel, according to the Central Bank of Nigeria (CBN) data.
At $77.93 per barrel, the 164.25 million barrels of oil pledged by Nigeria equals $12.8 billion — about three times more than the facility taken.
Pre-2014, the national oil company used to remit an average of $3 billion from oil sales every month.
Officially, Project Gazelle Funding Ltd (PGFL) is the borrower while the NNPC is the “sponsor” and will pay with oil to the SPV to liquidate the loan.
To make the repayment, the NNPC will forward-sell 90,000 barrels per day of Nigeria’s share of offshore crude oil under the production sharing contract (PSCs) with the oil companies.
Under PSCs, the companies usually pay royalties and taxes by giving the oil equivalent to the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Federal Inland Revenue Service (FIRS) respectively.
The NNPC in turn exports the oil on behalf of NUPRC and FIRS and remits the proceeds to the agencies.
This is part of the revenues paid into the federation account and shared by the three tiers of government.
But under the PxF, the revenue from 90,000 barrels per day will be used to service the loan in the next five years.
The loan arrangers will get a commission of $66 million or 2% of the facility, TheCable further learnt.
Nigeria will pay 2 percent penalty per annum in the event of a default.
‘DOLLAR LIQUIDITY TO STABILISE THE NAIRA’
The national oil company announced in August 2023 that the PxF was to support the federal government “in its ongoing fiscal and monetary policy reforms aimed at stabilizing the exchange rate market”, describing it as “a relief for the naira”.
It called the facility “crude oil repayment” with an upfront cash loan “against proceeds from a limited amount of future crude oil production”.
At the time, the dollar exchanged for an average of N775 in the official market and N885 on the streets.
The rates have now moved to N1,035/$ (official) and N1,230/$ (parallel).
Nigeria’s outstanding forex liabilities are currently thought to be over $7 billion.
In an explainer after announcing the PxF last year, the NNPC said its exposure is very limited, “covering just a fraction” of their entitlements and that “there are no sovereign guarantees tied to it”.
It said it “will also equip the Federal Government with the necessary dollar liquidity to stabilize the Naira, with limited risk”.
A strengthened naira as a result of the initiative, it said, “will lead to a reduction in fuel costs. This means that if the Naira appreciates in value, the cost of fuel will drop and further increases will be halted”.
It also ruled out subsidies, maintaining that a stronger naira “will result in lower prices from the current level, making subsidies unnecessary. The deregulation policy remains unchanged”.
Critics questioned NNPC’s involvement in getting loans to boost forex reserves when it should be concentrating its efforts on bringing in more oil revenues.
There were also questions over the decision to pledge the tax and royalty oil belonging to the entire federation to secure the loan.
Analysts also queried why the details of the deal were never made public.
What kind of frustration could be worrying the best governor since 1999, whose shoe lace Tinubu is not even fit to tie in the provision of basic services and utilities to the sovereign people of the state who allowed him to serve them in the office of governor
Did Tinubu and his minions employ as many teachers in their 27 years of lagos lootocracy TAX monster plan than what Makinde did in five years?
Are APC politicians no longer progressives? Are they rather progreThieves
NUT commends Oyo over recruitment of 19,500 teachers December 6, 2024
muyico: But why this man no leave Seyi makinde alone??
Trouble you caused with OBJ, yet to finish
Why do you think he is a staunch fanatic of that ologogoro wicked land grabber of FCT?
Has that one called Wike left Atiku alone after he was outsmarted at the 2023 PDP primaries
anonimi: Wike lobbied PDP committee to be Atiku’s running mate – Ex-gov’ship aspirant
Thu, 29 Sep 2022 14:33:04 WAT
Muazu Magaji, a former governorship aspirant of the Peoples Democratic Party in Kano State, has alleged that the Governor of Rivers State, Nyesom Wike, lobbied members of the party’s committee constituted to advise the presidential candidate, Atiku Abubakar, on the choice of his running mate.
Magaji disclosed this while speaking on Channels TV’s Sunrise Daily, on Thursday.
The Kano politician also argued that there was no proof that Atiku promised Wike the vice president position as claimed.
The PDP committee had recommended the Governor of Delta State, Ifeanyi Okowa; Governor of Akwa Ibom State, Udom Emmanuel and Wike.
The committee, however, scored Wike above the other two contenders but Atiku decided to settle for Okowa. A decision that has since unsettled Wike’s camp.
Magaji, however, claimed that Wike lobbied to be scored ahead of others, adding that the Rivers State governor should not be trusted with important positions in the country.
2023: PDP and politics of healing Wike’s self-inflicted injury
Then, the race began in earnest for three years now, reaching a frenzy with the works of the two PDP committees on zoning. The first was the Gov Ifeanyi Ugwuanyi committee on the zoning of the PDP party offices. The Ugwuanyi committee quickly told the world the committee’s assignment did not cover zoning the office of the president. Though this was true, the question is: why didn’t the Ugwuanyi committee zone the PDP chairmanship to the North without aligning it to the divide that would produce the PDP presidential flag-bearer? The second committee headed by Gov Samuel Ortom of Benue state was specifically on the zoning of the presidential ticket and, with the votes of the representatives of all the 17 Southern states without any exception, the Committee unanimously recommended throwing open the PDP presidential ticket, which the PDP NEC simply upheld.
One thing irrefutably stands out – Wike shot himself in the leg. Here was a man who had an overarching influence on both committees but could not insist that the ticket be zoned South. Many had wondered why? The reason is also relatively in plain sight: the Southeast factor. As the clamour for zoning of the presidential ticket of the PDP to South reached its crescendo, many had pointed out the fact that though the PDP Constitution had prescribed zoning of the office of the president to be between North and South since the South-west and South-south had taken their turns in producing the president and the vice in this current dispensation in the persons of Olusegun Obasanjo and Goodluck Jonathan, zoning this time around, should not just be to the South but the Southeast.
Atiku Abubakar went a step further by offering to step down from the race if it would be agreed that the touted zoning to the South would mean micro-zoning to the Southeast. Wike and the rest could not take the Atiku challenge maybe because Atiku would likely back Peter Obi, who was his vice-presidential running mate in 2019 and an ally. The prospects of Peter Obi picking the ticket if PDP zoned South was so real compelling Wike to go for an open contest, believing he could pick it up ahead of Atiku, Tambuwal and Bala Mohammed, given his large war chest.
ddippset: Says a man who hijacked the party and singlehandedly produced the last 4 National Chairmen of the party for his own selfishness.
Says a man who accepted nomination to be running mate to Fulani Atiku. He knew it was injustice to give Atiku the ticket yet he lobbied to be the VP.
He knew the party had to go South for the 2023 election, yet he still put Secondus as National Chaiman just to hijack the party.. Only to push Secondus out because he wanted the ticket 2023.
This man remains the biggest problem of PDP.
He can only deceive and fool his minions, not reasonable people.
Bobloco: Makinde turning himself to opposition spokesperson after Tinubu snub - Fayose
And this shameless companion of wicked, ologogoro, FCT land grabber Wike has turned to Tinubu spokesperson so his lootocratic sins remain forgiven as a redeemed saint in Oshiomole's Assembly of Past Criminals, APC
anonimi: "Wike and Fayose have brought shame to PDP" -Ali Modu Sheriff
According to him, he will restructure the PDP in such a way that Wike and Fayose cannot contain because they have brought “shame” to the party. Read what he said below
“I will engineer a restructuring of the PDP such that characters like Wike and Fayose cannot find a way through to attain any position of prominence in our party in the future. They have brought shame and agony through the application of their crude and godless politics which is at variance with the principles upon which our founding fathers built our great party.
We must find a way to sieve things so that only men of character and integrity can come through for positions of responsibility at all levels of our political engagement in the country. We must urgently steer the ship of PDP clear of the path of infamy which Wike and Fayose have brought our party, making Nigerians to mistake PDP as a training ground for thugs.
That is the urgent task we have. We cannot continue to advertise thug brand and expect Nigerians to take us seriously”.
LibertyRep: Some people do not really want any partnership but outright invasion and overthrow of the government.
Riley has to be careful not to incur their wrath.
Nigeria needs help to deal with these terrorists, their sponsors and their sympathisers.
Why did our country not need help of Americans to kill innocent northerners as collateral damage in their fabricated hunt for Muslim terrorists accused of genocide against Christians
The insecurity that Tinubu and APC sowed, by playing politics with our lives, is what they are reaping bountifully.
EkoIle1: It is now abundantly clear that President Jonathan has finally bared his fangs confirming what was widely speculated. By declaring a state of emergency in Borno, Yobe and Adamawa, he has intimidated and emasculated the governors of these States. We are witnessing a dangerous trend in the art of governance and a deliberate ploy to subvert constitutional democracy.
The body language of the Jonathan administration leads any keen watcher of events with unmistakable conclusion of the existence of a surreptitious but barely disguised intention to muzzle the elected governments of these states for what is clearly a display of unpardonable mediocrity and diabolic partisanship geared towards 2015.
Borno and Yobe states have been literally under armies of occupation with the attendant excruciating hardship experienced daily by the indigenes and residents of these areas. This government now wants to use the excuse of the security challenges faced by the Governors to remove them from the states considered hostile to the 2015 PDP/Jonathan project.
Let me be quick to say that this administration will be setting in motion a chain of events the end of which nobody can predict. Experience has shown clearly that actions, such as this one under consideration, often give root to radical ideologies and extremist tendencies, a direct opposite of the intended outcome of unwarranted and unintelligent meddlesomeness. The present scenario playing out in the country reminds one of the classical case of a mediocre craftsman who continually blames the tools of his trade for his serial failure but refuses to look at his pitiable state with a view to adjusting.
Bashirkareem31: I'm sure most of them(former lawmakers) lost their reelection bids hence the reason for ragging them as former.
So of what use and relevance are them to President Tinubu?
How did the fraudulent Georgia lawyer who serves as Tinubu’s CoS answer your question
ogododo: Daily Trust reports that National Forum of Former Legislators (NFFL) endorsed Tinubu for a second term, on Saturday.
Chief of Staff to the President, Rt. Hon. Femi Gbajabiamila, was the convener at the summit which drew former legislators from across political divides, including former Senate Presidents, Pius Anyim and Ken Nnamani, as well as former Speakers of the House of Representatives, Patricia Eteh and Yakubu Dogara, among others.
How much money do YOU need to sell your own conscience for Tinubu to continue APC extreme poverty shege that replaced PDP’s widespread prosperity driven by deregulation and privatisation policies
Nemere2020: The Minister of Finance and Coordinating Minister of the Economy Chief Olawale Edun has said the last time Nigeria’s economy looked stable was about a decade ago.
He made this statement during his maiden press conference as Minister of Finance where he outlined President Bola Tinubu’s vision, agenda and strategy for the economy.
He said, “I think as we all know, we are not where we should be. The economy is barely growing above the rate of population growth.
“But it was not always so, and I think in trying to look at the way forward, if we now have a situation of slow growth, double-digit inflation, weak/depreciating exchange rate, as well as security concerns that are resulting in an economy that is not growing and not taking Nigerians out of poverty.
“If we think back to the last time when the economy was stable- when it was growing, when inflation was low, and the interest rate was affordable, that period was about a decade ago. Growth was about 6% in 2013 and 2014.”
Politics › Re: MRS To Sell At ₦839 Per Litre As Dangote Refinery Increases Petrol Price by anonimi: 8:25am On Jan 27
