₦airaland Forum

otokx:
Another big big talk, show us the assembly line and the car produced thereof and tell us the price then we shall talk further.

Did you even read the story?

Mcbussy:
In 2011,nobody knew he was a goon

I voted for him then,and I sure ain't making dsame mistake again.

The goon was VP when Yar'adua dropped fuel pump price to #65/l , d first thing he used to repay us after getting our votes was to announce d removal of fuel subsidy on 1st of January, 2012. What kind of irresponsible leader gives bad news on new years day?? Now where has d whole subsidy reinvestment lies gotten us?...more corruption?

I'm sure the few smart ones here can remember how we all felt;

http://en.m.wikipedia.org/wiki/Occupy_Nigeria

I hope you are not among the smart ones, seeking to become parasites to the system. You don't have any right to cheap petrol deal with it. If you can't buy petrol, because of cost, use your legs for walking. Smart people don't vote for their yesterday, they build a tomorrow. Buhari was a demonic leader in 1983 and all his actions since then point to his demonic mindset. A man that would not account for N2.8B in 1978, that was $4.6B back then and today would be about $17B, should spare me his holier than thou mantel. Your saint would not give a public account of his PTF management.

Those of you, looking for a nanny state can cast your votes for your father Christmas, unfortunately, it will become another wasted vote. Nigerians are smarter too, that's why a tyrant like Buhari and a lying embezzling minister like him will never be President of this country again.

Ngwakwe:
When Danjuma was given an Oil well as a gift from which he made $500 million, nobody said anything.

What is the bone of contention?

Government Tompolo (just like every other Nigerian has this right) floated a private security company registered in Nigeria.

The Government of Alhaji Musa Yar'dua gave him a defence contract (as obtainable in some climes even in US) to patrol and guard our National Oil installations against Oil thefts and vandalism.

In 2012, Nigeria witnessed massive drop in Oil export as a result of thefts and bunkering leading to strong criticism and complaints of incompetency of Government Tompolo's led Maritime Security Contractors.

On this premise, the Company went ahead to acquire more sophisticated equipment leading to the recovery of stolen crude and amelioration of oil theft and to deliver on the terms of their contract with Nigerian Government.

Will Nigerians settle for continuous deteriorating oil export as a result of uncontrollable oil theft and pipeline vandalism or allow the contractors deliver according to the terms of their contracts?

If this Security Company was owned by Danjuma and not Tompolo with the same overseas technical partners, will there be this overheating of the polity by uninformed Political and Security analysts?

A company is a forgoing concerned and moreover, the weight and competency of Tompolo's outfit is on the strength of its overseas technical partnership/expertise and not on his strides during Niger Delta Militancy.

*** NB: No insults, the analyses are solely personal

Thanks, allow the pretenders pound sand as much as they want. They cannot change the new reality in Nigeria, no matter how hard they cry and try.

akinvest:
If capital is not an issue i wouldn't have requested for investor.

OK, thanks.

Olaolufred:
[size=1pt]HAS IT CHANGED THE TRUTH THAT THIS MAN'S BRAIN IS AN ANIMAL BRAIN.

3 YEARS DOWN THE LINE, HIS SIBLINGS HAS KILLED OVER 13,000 SOULS.

JONAH STINKS.[/size]

Alamjiri, nobody will stop your suicidal thoughts

Christians in the North have asked President Goodluck Jonathan to resign over his comment on Boko Haram.

Jonathan was quoted to have said he could not crush the Islamic sect because “they are our siblings and you cannot set the army to wipe out your family”.

In a statement by its spokesman, Mr. Sunday Oibe, the Northern Christian Association of Nigeria said the comments credited to Jonathan was an indication that the country was in a helpless situation as the President “does not seem to understand the aim of the sect to destabilise his administration.”

AUGUST 13, 2012 BY SESAN OLUFOWOBI AND DAVID ATTAH Desperation of APC, you have to resurrect an almost 3 years old headline..

akinvest:
I need investor or partner for my Agric business, the business will gives 10% ROI Monthly. The intending partner or investor will offer initial capital and provides equipment for the project, but i "ll put in my whole idea and experience as regards to the business.
Moreover, this business is lucrative for any prudent investor, pls only serious investor should respond, because i want the business to kick off by January 2015.
moreover, you may ask why do i need the investor? The business is capital intensive, #5m. With this amount we can commence the busines on time. Business plan is available, and am ready to bring the business to the table for both of us to discuss Pls, let only the serious investor contact: bodunakin@yahoo.com

What are you bringing to the table in terms of capital?

LAGOS — An agreement to establish a vehicle assembly plant in Nigeria has been signed between global automobile manufacturer Volkswagen Group and regional conglomerate, Stallion Group
This will mark a historic return of the German car maker after more than 20 years of their departure following the collapse of their joint venture with the Federal Government leading to the closure of their manufacturing facility in Lagos and the subsequent sale of government shares to the Stallion Group.
In line with the new auto policy announced by the Federal Government in October 2013, the collaboration between the Volkswagen Group and Stallion will result in local assembly of prime Volkswagen brands in Nigeria.
Stallion will assemble the Jetta, Volkswagen CC, and Amarok models during the initial phase, followed by the Passat, Tiguan and other models in subsequent phases.
The Volkswagen Group with its headquarters in Wolfsburg, Germany is one of the world’s leading automobile manufacturers and the largest car maker in Europe.
The Group operates 107 production plants in 19 European countries and a further eight countries in the Americas, Asia and Africa. The Volkswagen Group sells its vehicles in 153 countries.
Stallion Group is already the exclusive distributor for several brands of the Volkswagen Group including Volkswagen, Audi, Skoda, and Porsche.
Stallion Group is a multinational conglomerate with a 45-year history operating in Nigeria and in 18 countries and is engaged in diversified industries.
Commenting on the partnership, Stallion’s Chairman Sunil Vaswani said “This is a proud moment for Stallion in partnering with a world-leading global brand like Volkswagen.
He said further that “Stallion is fully committed to achieving its objectives in establishing assembly operations in Nigeria, and expanding into other aspects of the automotive industry value chain.”

- See more at: http://www.vanguardngr.com/2014/12/volkswagen-stallion-begin-vehicle-assembly-nigeria/#sthash.IWvJa0rK.dpuf

Some haters will not leave this administration alone and mind their own business.

At least 2015 will shut them up for a while.

GEJ till 2019.

You people are still consoling yourselves with numbers? Where were these numbers in 2011?

Oil is falling, but this big producer isn't worried


Mexico is one of the few oil producers that may not be concerned about the massive drop in the price of oil. Regardless of what a barrel of Mexican oil brings on the market, the nation will get $76.50 each for the 228 million barrels it exports next year.

Mexico has done so by using a massive hedge. The country finished its massive 2015 oil hedging program last month, buying put options this year to guarantee the $76.50 price, the minister of finance's office said. Mexico's oil is selling on the open market for $56 a barrel, and Brent crude is at a five-year low.

http://ibnmoney.com/us/2014/12/11/oil-is-falling-but-this-big-producer-isnt-worried

Reuters) - Oil producers group OPEC can ride out a slump in oil prices and keep output unchanged, its head said on Sunday, arguing market weakness did not reflect supply and demand fundamentals and could have been driven by speculators.

Speaking at a conference in Dubai, Abdullah al-Badri defended November's decision by the Organization of the Petroleum Exporting Countries not to cut its output target of 30 million barrels per day (bpd) in the face of a drop in crude prices to multi-year lows.

http://www.reuters.com/article/2014/12/14/us-opec-oil-badri-idUSKBN0JS06F20141214

nusirat:
But NNOC did not find buyers for its own share, thereby losing a potential income of[b] $2.8 billion[/b]. But it was instead reported by the media that $2.8 billion was missing.

Please Always reads carefully before jumping into conclussion, Shi oo.

It was not $2.8B but N2.8B which about $4.60B then.

BY HUGO ODIOGOR

Watchers of the political drama that attended the emergence of Dr. Ifeanyi Arthur Okowa as the standard bearer of Peoples’ Democratic Party’s in the 2015 governorship race will not forget in a hurry the palpable fear that pervaded the atmosphere at the Event centre, Asaba, the venue of the governorship primaries held on December 8, 2014.
For the 26 aspirants, their supporters and the accredited delegates, whose mandate was either “to liberate the state from pervasive mediocrity and sycophancy or to continue with the status quo”, the task was not going to be easy.
Dramatic events
The dramatic turn of events that resulted in the dropping of Sir Tony Chuks Obuh from the race was too hard for the man and his supporters to swallow. Sir. Obuh had about three years to stay in the civil service and everybody expected that at most, he would retire as the head of service, but he was encouraged by circumstances around him to retire and contest to be the next governor of the state. Sir. Tony Obuh formally retired in August.


Before Obuh pulled out of service, Dr. Uduaghan was said to have called a meeting where the Special Adviser on Political Matters, Chief Ighoyota Amori, the Secretary to the State Government, Comrade Ovuzure Macaulay and the former State Chairman of PDP, Chief Peter Nwaoboshi were in attendance. The Governor briefed them of his decision to allow power shift to Delta North. This was the genesis of the Obuh project.
When his journey came to an abrupt end on December 7th, it was a shocker to Sir Tony Obuh, his family, supporters and political opponents. In fact the entire Delta North was thrown off guard as they saw Delta North 2015 slipping away.
The Rescue Mission
The looming humiliation that came with the news of Dr. Uduaghan dropping Sir Obuh was too hard for the Obuh Camp to contain and there was no time to organize any rescue mission. There was no plan B and there was nobody to reach out to. Sir Obuh became a pawn in the political chess game between Chief James Ibori, Dr. Emmanuel Uduaghan and the Stakeholders in the state. Name droppers went to town that it was the presidency that asked that Sir Obuh should be dropped. Of course there was no truth in this. For most Anioma people, the idea of dropping Obuh was seen as a response to the series of threats by the Urhobo Progress Union (UPU) which had insisted that its members would vote against the PDP and against President Goodluck Ebele Jonathan, if the governorship ticket was not given to Delta Central. The Obuh drama added apprehension and revulsion to the power game as he was said to have lost the support of Dr. Uduaghan who was now said to have endorsed Olorogun David Edevbie, an aspirant from Delta Central which is opposed to equity in the political space. But Uduaghan’s action was said to have been fueled by the lack of cooperation from Delta North people who appeared to be fighting him in spite of his preference for a Delta North candidate to emerge next governor. And since the more than 15 candidates from Delta North would not agree to reach some agreement to present one or two candidates there was this fear that they would split the votes and finally lose the chance.
This caused the last minute change that craved for support for Edevbie, an Urhobo candidate who was expected to pull the votes of the majority Urhobo tribe and some others to emerge. Obuh was to be offered the position of his running mate and would have another shot at the post after Edevbie. This development was seen either as a betrayal or as a capitulation by Governor Uduaghan, depending on which side of the divide you belong. This made Delta North people more united. Meetings were held and they decided to queue behind Okowa. Surprisingly, Edevbie did not get the total support of the Urhobo and it turned huge advantage to Okowa who had remained resilient.
Delta North trembles
Taken together, Delta North people saw their cause as less optimistic. Most dreadful was the prospect of living under the hegemony of Delta Central if the PDP Governorship Project was blown into shreds. This was the atmosphere prevailing in the state as the stage was set for the primaries.
The Poisoned chalice
For many Urhobo politicians, Dr. Uduaghan handed them a poisoned chalice. The endorsement of Chief Edevbie came too late that he could not utilize whatever advantage the incumbency factor was supposed to confer on him.
Okowa’s burden
Dr. Okowa had been favoured to win the primaries even though he had to face the stiff challenge that came his way from all directions. In 2007, he narrowly lost to Dr. Emmanuel Uduaghan.
Dr. Okowa emerged tops in the screening organized by Anioma Congress to trim the number of aspirants from Delta North. He was followed by Hon. Victor Ochei and Hon. Ndudi Elumelu. But some other aspirants protested against the work of the Anioma Congress. The introduction of Sir Tony Obuh and Hon. Charles Elumelu’s names in the work of the Anioma Congress created further complications. The Secretary General of Anioma Congress, Sir Dan Okenyi told Saturday Vanguard that “the victory of Dr. Okowa is a vindication of the work of Anioma Congress.” Sir Okenyi said even Dr. Goodluck Jonathan has called the Asagba of Asaba, Prof. Chike Edozien, to commend the foresight of the Anioma Congress in the choice of Okowa who seems to have a Pan

Deltan Agenda
Okowa won the votes of Bomadi, Patani, and Burutu Local Governments. Okowa also won solidly in Isoko North and South. The votes from Warri South and Warri South West also went to Okowa. He received about 45% votes from the Delta Central. This minimized the impact of the 185 votes that Hon. Ochei received and the 50 and 49 votes that went to Hon. Elumelu and Elder Godsday Orubebe, respectively. A former Chairman of Oshimili South Ogbueshi John Efianya, said the victory of Okowa at the PDP primaries was the beginning of the battle ahead.
According to Efianya “We must sustain the grassroots and Pan Deltan appeal of the Okowa candidacy. We have to work with Delta South and retain the friendship of Delta Central who shunned divisive politics.”
The political strategists in Delta Central have gone to the drawing board to decide which party they will adopt for the 2015 election. Chief Great Ogboru who has been contesting to be governor since 2003, is the flag bearer of Labour Party while Olorogun O’Tega Emerhror is the candidate of All Progressive Congress. Dr. Okowa is not carried away by the euphoria that he picked the PDP ticket because it’s still morning yet on creation day.
- See more at: http://www.vanguardngr.com/2014/12/okowa-picked-delta-pdp-ticket/#sthash.teEWHOHk.dpuf

Mogidi:
Buhari has never won any state outside the North since 2003, GEJ on the other hand has Northern minorities eating out of his hands.

It will take a miracle for the Fulani Muguhari to convince people from these states:
Kogi
Plateau
Nasarawa
Benue
Taraba
Adamawa

The SW will produce Ekiti, Ondo, Oyo, Ogun and Lagos (Buhari may get the required 25%)

Anyone who believe Edo state will vote Buhari needs their heads examined. Even the Oba of Benin endorsed GEJ.
Oba of Benin tells Jonathan to seek re-election
http://www.punchng.com/news/oba-of-benin-tells-jonathan-to-seek-re-election/

Most of them in APC lie to themselves to feel better. When they know within themselves, that Buhari will be dealt the same hand as 2011. The only state Buhari might win in 2015, that was not won by him in 2011 is kwara.

Nicklee:
This is the problem with our current crop of youths - super lazy and slow bunch. I will tell you my source:

1. The average monthly production of crude oil from Nigeria is public data (you can source that from countless places including CBN's website, EIA's website, etc).
2. The average daily cost of crude oil from 1940 till date is equally public data.

Now, go to excel, and run some numbers. Do something useful, source out data and run some numbers - use your brain!!!

Again, you are pretty silly calling yourself super lazy and slow. Provide your sources/links and get the disgrace you need here today. You cannot misinterpret data and hope it will not catch up you. That lie and pretentiousness, does not work here any more.

Do you know that the budget of Lagos state Nigeria in 2014 (N489.69billion) is more than Nigeria's federal budget in 1997 (N243 billion) and 1998 (N240.5 billion) combined? Why is that when people talk about revenue ( oil sales) in various governments, they find it convenient not to talk about the expenditure?

[s]

Nicklee:
During Buhari's time as head-of-state (Dec. 1983 - Aug. 1985), total accrual from sales of crude was $69.95B adjusted to 2014 dollars. During Abacha + Abdusalami's times, the country recorded a total of $88.6B in crude sales in 2014 dollars. PTF under Abacha + Abdusalami got on average the equivalent of 15% of the national budget. In GEJ's time, the country has recorded $484.2B so far in crude sales in 2014 dollars.

$69.95B + 15%*$88.6B = $83,240,000,000. This is all the country has earned directly under Buhari ($69.95B as president, $13.29B as PTF chair)
$484,200,000,000 - This is what the country has earned under Jonathan.

I think OP and all Jonathanians are wicked and devilish. This man has squandered so much resources and taken corruption to another height. We have never seen oil price this high in a stretch of time, yet we have never been this confused about the state of our Excess Crude Account (ECA), Sovereign Wealth Fund (SWF) and Foreign Reserves. I challenge OP to list what Jonathan has done for the SE and SW, and let's compare that to how much the country earned in Jonathan's time.

I lived in SE and SW Nigeria during the PTF time and I can attest to the improvement in the quality of healthcare and education that was as a direct intervention of PTF even though OIL was at a RECORD LOW throughout the PTF era. During PTF days, oil averaged $22/bbl (in 2014 dollars). In Jonathan's time, we have averaged nearly $100/bbl (in 2014 Dollars).

Jonathan is a failure and a big scam. OP and his crew know that Nigerians are too lazy to dig deep, run some numbers and unravel the truth behind Jonathan and the rot in his time. God, Nigeria and posterity have given Jonathan so much, in terms of opportunities, record oil price, record production volumes etc. Yet, the clueless one had squandered all of these in a combined chain of outright 'ordinary stealing' and mismanagement.

PTF under Buhari did way better for Nigeria than GEJ has done - period.

[/s]

Provide a source for your lies, so you can be disgraced as usual. Your APC lies don't work here anymore.

Unemadu:
So your anti corruption CZAR could not jail Iwuannyanwu for embezzlement? Interesting

That's what you call a dirty slap reply.

Nigerians have always voted along regional and tribal lines.

muami:
I am not surprised that you don't know that BUHARI BANNED NANS. This is because part from APC members who support Buhari for obvious partisan reasons, only the uninformed, ignorants and illiterates will support a seventy something year old former dictator and illiterate to be President.

You have described the majority of APC maggots here.

If Tompolo buys bicycles, some people will call them, weapons of mass destruction.

WhiteTechnology:
Don't mind them

APC fans are like zombie soldiers


Just support Buhari without critical reasoning

This is the problem when our society and politics care more about sharing, than creating wealth

WhiteTechnology:
Mosque rats

That is cold.

saxywale:
Loss of jobs worldwide is gonna be on a massive scale. In the CNN link posted above ....Halliburton/baker hughes is cutting 1000 jobs. BP hasn't specified the amount of job it would be cutting as part of a billion dollar restructuring. A friend in Conoco Phillips here in Canada just got is appointment changed to contract from permanent.

The depression would be worse in countries highly dependent on crude, the oil industry would pull other industries down with it.

Canada is pretty much over its head already. They have some of the most expensive production cost on earth.

BackDatAssUp:
How about the PIB? Tambuwal's house of represent-A-Theif was more notorious in creating commotion than passing a single motion towards this bill.

The PIB would have given the legal framework towards ensuring local content thereby creating jobs, promoting corporate responsibility, developing the downstream sector and finally easing govt dominance within the petroleum industry.

The fear of removing government from the oil sector, makes Tambuwal and his supporters have nightmares. What will they become without their feeding bottle.

BackDatAssUp:
Change the tittle to: Patience Jonathan Goes on Shopping Spree in Paris, Buys 500 Gucci bags for Xmas.

Let's get the Janjawiids and Buharists opinion on this.

BackDatAssUp:
Okonja has been warning them since early last year. They fought her on the benchmark with their fence jumping legislators, their governors opposed the benchmark and also the funding of the Excess Crude Account , ECA and the Soverign Wealth Fund.

Here is Rauf Aregberascal talking trash.

I have been waiting for them to cry for more funding. Even their leader Buhari, promised to stabilise crude prices, without telling us how. Their entire Nigerianess is all about crude oil.

It was not $2.8B but N2.8B, which was about $4.6B in 1978. How much is $4.6B today in 2014.

BackDatAssUp:
The budget should not consider crude earnings. We should stop exporting crude and look for a way in developing our downstream sector. This will create jobs and boost the economy.

If we can ever get to the level, where crude oil is excluded from our budget numbers, then Nigeria has finally arrived. . Crude oil should only be used for infrastructural financing.

BackDatAssUp:
Shale can be an alternative energy source from conventional crude but you must consider that the real value of conventional crude is not as an energy source alone but for the high value yield of several synthetic resins that can be used in virtually every manufacturing process to fertilizers and even medicine.

There's nothing wrong with shale as a conventional source of energy, the US needs to control production. That's all OPEC is seeking. The US needs to take a million barrels off the market and OPEC will most likely match them. OIL should sold for $80, that's a fair market price for producers and consumers

Junk Bonds Backing Shale Boom Facing $11.6 Billion Loss

Bond investors who helped finance America’s shale boom are facing potential losses of $11.6 billion as oil prices plummet by the most since the credit crisis.

The $90 billion of debt issued by junk-rated energy producers in the past three years has fallen almost 13 percent since crude oil peaked in June. Halcon Resources Corp. (HK), SandRidge Energy Inc. and Goodrich Petroleum Corp. have been among the hardest hit as OPEC’s refusal to ease a supply glut pushed prices to a five-year low of $66.15 a barrel last week.

The oil selloff is deepening concern among bond investors that the least-creditworthy oil explorers will struggle to pay their obligations and prompt bankers to rein in credit lines as revenue slumps. Halcon, SandRidge and Goodrich are among about 21 borrowers operating in the costliest U.S. shale-producing regions that will be unprofitable if crude oil falls below $60 a barrel, according to data compiled by Bloomberg.

“We are concerned that there will be defaults and that was even before oil fell as much as it has,” Ivan Rudolph-Shabinsky, a New York-based money manager at Alliance Bernstein Holding LP, said in a telephone interview. “There was too much money going into this space that would have resulted in problems long term -- now that timeline has been accelerated.”

http://www.bloomberg.com/news/2014-12-02/junk-bonds-funding-shale-boom-htmlface-8-5-billion-of-losses.