₦airaland Forum

naptu2:
How could it have been solely Buhari's government, which was in power for only 20 months, that was responsible for the setback? Was it Buhari that gave contracts to[b] Coscharis to import BMWs for the All Africa Games 2003, rather than PAN?[/b] Was it Buhari that imported Volvos for the 1973 All Africa Games? Was it Buhari that instituted SAP? Get real.

Obiagelli:
Closed borders affected manufacturing? Interesting. I thought gej's policy is to reduce importation? Please lets stay on the topic

naptu2:
It's a progressive thing. We had a similar policy in the 1970s and 80s (unfortunately, successive governments did not follow through on it). Basically, what you do is:-

1) Encourage car companies to set up plants here. Some will assemble CKD no doubt, but

2) With time, discourage CKD. This was one of the advantages that PAN had over VON. VON usually assembled Completely Knocked Down kits (CKD), while PAN had many indigenous manufacturers that manufactured and supplied them with parts (spark plugs, tyres, mirrors, etc) to the extent that PAN could claim (by the late 1980s) that it made Peugeot 504 cars that were ninety-something percent made in Nigeria. This was why VON suffered more from the implementation of SAP than PAN did.

3) The nigerians that will work in these plants will earn an income and get expertise and income that could enable them to set up on their own in future.

anonimi:
The policy is very good no doubt.
However the relevant officers in government should be careful in reporting progress and impact to avoid giving figures that may be construed as non-factual if not supported by concrete, verifiable data.

ISpiksDaTroof:
I don't know too many African tribes that use "aint" in their vocabulary.

Nicklee:
To arrive at these numbers, I took average monthly production (pretty fine data resolution) and calculated how much dollars volumes we sold each year. For adjustment for inflation, I used 2.5% annual $ inflation rate. To put inflation adjustment in perspective, $1.00 in 1999 is equivalent to $1.44 in 2014. When adjusted for inflation, the numbers are $488.8B vs. $594B for Jonathan vs. Yaradua+Obj+Abdusalami+Abacha combined. The numbers are what they are because oil price has risen almost 7-8 folds during this period, nearly an order of magnitude increase. In addition to price increase, Nigeria's crude oil output has also increased. I am hoping we can start asking tough questions, we'd continue to be hoodwinked. My question again is simple: even with 2.5% annual inflation adjustment, the numbers are $488.8b vs $594b. Does the investment in Nigeria in the past 5 years add up to ~$500B?

IloveGH:
FAKE Accraman. You have opened another thread You have failed in your attempt to claim Ghanaian. Guys this guy is a Nigerian, don't believe him if he says he visited nigeria from Ghana

ISpiksDaTroof:
So, basically, even if GEJ rules till 2019, MEND will still disrupt Nigeria? You clearly have no idea how the tribes feel about one another in your country.

Omimah:
Must you resort to insult? If any disturbance is noticed in the Niger Delta after Jonathan's loss you will see the Nigerian Army being used to quell it. You will then realize that the seemingly weakness of soldiers in quelling Boko Haram is as a result of the weakness of Jonathan. I'm sure you wouldn't want Obasanjo did in Odi to repeat itself again.

ISpiksDaTroof:
The Niger Delta cannot sneeze if GEJ loses. If they try it, you'll see that the same Govts that have refused to assist Nigeria over terrorism because of the criminals at the helm, will supply weapons and intelligence to ensure the oil supply continues. Who will fight the Nigerian Army on behalf of the Ijaws in that Region? The Ibos? Edos? Deltans? Calabar? Akwa Ibom? Who?! They will bear the brunt of the Nigerian Army alone. All the big talk you hear Asari and co making is because they know their final destination will be prison once a new Govt comes in and their crimes against Nigeria is exposed for the world to see.

Justcash:
8. The re-emergence of MEND as a political tool, just as BOKO HARAM, will encourage the perception of militancy as an effective tool for political dominance. The philosophy behind MASSOB, OPC and other smaller groups will change and they will adopt destruction as a tool for political agitation at the ethnic level. At the moment, this perception is salient.

9. As usual, after the military approach to militancy has failed, they will be called to a round table, and the conditions that will be tendered will change the political system in Nigeria. This will be strongly opposed by the ethnic group that will see such a move as a means of diminishing their dominance.

10. Global political bodies will surely intervene to stem the impending anarchy, especially those with their eyes on the Nigerian economy.

Sorry, can you rephrase the question in bold? I don't understand what you mean.

Justcash:
That is actually meant for another topic. However, the consequences are going to be mild compared to the ones above. This is because in GEJ's case, it will be a case of resistance to change from a powerful party (PDP).
The bulk of the consequences of APC's loss will be from the Northern Oligarchy due to their antagonism towards the political status quo.

Justcash:
I am writing this piece without political affiliation. I foresee some horrifying occurrences if Jonathan is voted out of power in 2015.

1. AN ENERGIZED MEND WILL RETURN TO THE CREEKS WITH RENEWED VIGOR TO DESTROY NIGERIA ONCE AND FOR ALL

2. I ADVISE NIGERIANS TO BRACE UP FOR ECONOMIC DOWNTURN, BECAUSE IN A FEW MONTHS AFTER THE LOSS OF GEJ, OIL PRODUCTION WILL BE REDUCED TO ZERO AND NIGERIA'S ECONOMY WILL TAKE A TUMBLE

3. THE NEW GOVERNMENT WILL BE BUSY FIGHTING MILITANCY FOR THE DURATION OF THEIR TENURE, JUST TO STABILIZE THE ECONOMY AND FIND FUNDS TO EMBARK ON DEVELOPMENTAL PROJECTS

4. THE WAR IN THE NORTH EAST WILL BE A JOKE COMPARED TO THE WAR THAT WILL TAKE PLACE IN THE NIGER-DELTA. HAVING LEARNT FROM BOKO HARAM, MEND WILL CAPTURE AND CLAIM VITAL (OIL HUBS) TERRITORIES

5. THE DEBT PROFILE OF NIGERIA WILL INCREASE TO AN UNPRECEDENTED LEVEL DUE TO GOVERNMENT'S RESORT TO BORROWING AND SHORT-FALLS IN THE ECONOMY

6. NIGERIA'S GDP WILL TAKE A TUMBLE

7. THE FIGHT AGAINST CORRUPTION BY THE NEW GOVERNMENT WILL BE VIEWED FROM AN ETHNO-RELIGIOUS ANGLE AS A WITCH-HUNT, AND ETHNO-RELIGIOUS DIVISIONS WILL WIDEN

8. THE THREAT OF DIVISION WILL BE MORE APPARENT THAN IT HAS EVER BEEN AS COUNTER-MILITANCY SOLUTIONS WILL BE ADOPTED BY NIGERIAN ETHNIC GROUPS

9. I SEE A NEW REGIONAL AND POLITICAL SYSTEM BEING PROPOSED TO REDUCE ETHNIC AND RELIGIOUS BASED SUSPICION, WHICH WILL BE OPPOSED BY A CERTAIN REGION

10. NIGERIA WILL BECOME MORE EXPOSED TO FOREIGN INTERFERENCE

Most Nigerians don't know how dicey the political situation in Nigeria is. Nigeria is in a stalemate. 2015 will indeed redefine Nigeria in all ramifications. I PRAY FOR MY DEAR COUNTRY.

Justcash:
No, please endeavor to vote who you wish. This thread is not meant to promote any party. There are also consequences if APC FAILS TO WIN. I only chose to focus on the consequences of GEJ's loss. If you reflect on Nigeria's politics, you'll see that these prophesies will come to pass if GEJ is voted out.

Billyonaire:
Hahahahaha That's a Technical Knock-out.

donphilopus:
When last did you make sense on this forum?!

gsalvatore:
Nobody is lucky here..Abuja is no mans land, it belongs to the Federal Govt.

Anybody telling you that Nigeria is gonna divide is telling you the joke of the century.

Only poor folks discuss about Nigeria's division.

if you have a piece of Abuja and lets say 100million in your account trust me you will shoot anybody telling you a part of Abuja will be there inheritance.... Nigeria is up for the take, your hustle equals what you get.

playboy19:
Good to know that we both agreed on the difference between an import permit and a FG allocation. Now this brings us back to the bone of contention. Which, if the allocation and subsidy is 'now' restricted to only these 7 companies, then how does the other companies 'now' importing independently and those who didn't get allocation before the subsidy uproar, how do they make profits? If they truly make profits, then whats the essence of the subsidy in the first place?

Moreover, if we can settle the able question, then you'd understand why i said the system was created with full corruption in mind, as there was no real need for it in the first place. It is a compensation scheme for the lobbyist. It is no surprise how all the indicted people were the ones in the room during the 'friends of Jonathan' campaign fund-raising in 2011 and why nothing has been done with the recommendations from the subsidy committee.

playboy19:
I'm only replying this for the sake of those reading this or will be reading in the future. Don't get people thinking that an import permit is the same thing as FG allocation. They are 2 different things entirely. Import permit means, go ahead and import your own fuel, while a FG allocation means, please import fuel on behalf of the government and we pay you subsidy. Which is only restricted to 7 companies at the moment. That's the difference.

Secondly, it wouldn't be wise to deregulate the price of product, it will only mess up the downstream industry the more. Plus subsidy didn't create any corruption, rather, the whole subsidy 'scam' was created out of sheer corruption. We shouldn't make the impression that the system created corruption, when in truth, the whole system was created with minds full of corruption. To perpetuate it in full scale without consequences.

VolvoS60:
^^^
There isn't anything else to say.

This back and forth has been on for hours.

You have your position and I have mine. Time will tell...

VolvoS60:
^^^^
On the contrary sir, the bolded part of your post is central to the discussion. The source of the product IS material to the discussion.

Why would Dangote buy dollar denominated crude oil from another country and sell it here in Nigeria for local consumption? What would be the justification? (Apart from supernormal profits) If the government sold crude oil to the NNPC at cost price plus a mark up (for opex and other costs) there would be no need for any 'subsidy' and all this nonsense would stop.

Let me remind you that another poster on this thread said there are a number of oil importers who import oil without any government subsidy. And according to this poster, these importers still make a tidy profit. Is this poster wrong? Because if he is right then your argument just got blown out of the water. Again.

The solution is staring us in the face. Build the damn refineries.

playboy19:
Well, you know, i should thank you very much for a good laugh today. I was heading out for a meeting with my partner when your last message came through. My partner saw your comment on my tab and was like, what? Is he from another country? We discussed about your ignorance and had a good laugh, so much that my executive assistant who was driving almost got us killed.

Well, like my partner rightly suggested, perhaps you should consider registering a company and getting the required documents. From experience, a tank farm agreement is like the most difficult to get from all the requirement, but i can help out by making a call or 2 to get that sorted for you. After you get all the document, walk into PPPRA office and try your luck like you suggested and let's see how that goes. If you, by TB Joshua miracle get the allocation, get yourself down to Asokoro, i will gladly finance the supply and we make money. I guess that should solve it instead of having to go back and forth with you unnecessarily over it. You know, real life experience is better than some crap you read on some random blogs.

Then again, you need to get informed.