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Gbawe:In your urge to display the usual acrobatic id!ocy, you forgot to read the clear proof that Fashola led the governors committee that first demanded that the subsidy be removed. But I posted about ACN and hypocrisy earlier on, so no biggies. The bunch of cowards are now shivering like pansies; they should stand aside when men are moving rocks. |
^ Haters gon' hate. ![]() @topic. [size=14pt]Governors Urge FG to remove fuel subsidy[/size]http://ekoakete.com/2011/06/23/governors-urge-fg-to-remove-fuel-subsidy/ |
Funny lot! Their governors were the first to call for removal of the subsidy, so lets kindly call them hypocrites. |
JamesDoe:It looks like winshes are flying! Obubra airways! ![]() |
Yeah, we wanna die without reason! ![]() Where is the revolution gonna take place? I need to enrol some monkeys and assorted braindead types. |
[size=14pt]Budget 2012 reflects FG stance on cassava bread[/size] . Wednesday, 14 December 2011 14:10 SIAKA MOMOH https://www.businessdayonline.com/NG/images/stories/1-1cassava-bread-1.jpg cassava bread . It is now clear that the decision by the federal government to make Nigerians adopt 40 percent cassava bread is one that government is very serious about, the Nigerian Budget 2012 presented Tuesday by President Goodluck Jonathan has confirmed. According to the budget, government is introducing policies to encourage the substitution of high quality cassava flour for wheat flour in bread-baking, bakeries will have 18 months in which to make the transition, and will enjoy a corporate tax incentive March 31st 2012, importation of cassava flour will be prohibited so as to further support this programme. It would be recalled only recently, President Goodluck Jonathan formally presented to Nigerians a loaf of bread made from 40 per cent cassava flour, with a promise that he would continue to consume the brand in office as president and that government would put policy in place to drive the project. “All equipment for processing of high quality cassava flour and composite flour blending will enjoy a duty free regime as incentive to bakers for composite flour utilization. Consultations with the sector to ensure a smooth transition are on-going,” President Jonathan said. He argued it is common wisdom that the best way we can grow our economy and create jobs for our people is for us to patronize Nigerian-made goods. “This is why we are introducing enabling policies to drive this process. In this regard, we are introducing fiscal policy measures that will encourage the purchase and utilization of locally produced commodities.” The president said from July, 2012, wheat flour would attract a levy of 65 percent to bring the effective duty to 100 percent, while wheat grain will attract a 15 percent levy which will bring the effective duty to 20 percent. President Jonathan said government “intends to process and add value to different crops such as rice, cassava, sorghum, oil palm, cocoa, cotton etc. “This approach is central to our transformation strategy. [b]Accordingly, this Administration has adopted enabling measures to support the development of private sector-driven marketing institutions, and push for policies that would promote our agriculture to create jobs. To unleash the potential of this sector, the Federal Ministry of Finance has put in place a mechanism to share risks with the banking sector by guaranteeing 70 percent of the principal of all loans made for supply of seeds and fertilizer by the private sector this season. In addition, to get the inputs to farmers at an affordable cost, we are subsidizing the interest rate on these loans to bring it down from 15 percent to 7 percent per annum. The Minister of Agriculture and the Central Bank are collaborating to extend these services for credit availability for the medium term.” He said government would introduce further fiscal policy measures to support the development of the agricultural sector. “In this respect, the duty on machinery and certain specified equipment for the sector will, effective January 31, 2012, attract zero duty. We will further look at supportive fiscal policies for the rice and wheat sectors to stimulate domestic production,” he said.[/b] http://www.businessdayonline.com/NG/index.php/news/latest/30877-budget-2012-reflects-fg-stance-on-cassava-bread |
Batam:Another micro-mind on parade! |
JamesDoe:Subsidy has been going on for only 5 years? Wetin pesin no go hear for dis NL! The above post is so ridiculous that it is almost impossible not to laugh out loud! Did IBB and Abacha rule in the last 5 years? Best watch quietly from the sidelines, than say things that show you in unflattering light. |
[quote author=alj_harem link=topic=824709.msg9763078#msg9763078 date=1323867234]Ok I see but I have evidence that Nigeria consumption of fuel is even higher than predicted by NNPC. but lets assume you are absolutely correct, Now if NNPC cannot produce that fraction you are talking of, would we not be experiencing fuel scarcity very other week ? Nigeria cannot produce the petrol it consumes fact. Now I would like to explain how like of IBB and co made their wealth but it is too long for me to type down but I would give you a hint if you are less busy, you can research about it. From crude oil exportation alone, the exporter and the refinary make money also keep some refined product to themselves when it has been refine, the export can make 10 times his profit as he feels like thus fuel scarcity then NNPC does not have a large enough storage to store our oil and thus private owned reservoirs make money and also keep some oil to themselves. Thus at this point the exporter has made 20 times his profit then he then takes some of the stored crude oil to the black market and makes even more money at the end of the day the export aka onado and co have made 30 times more profit of what they were meant to make. Why because they have taken advantage of the situation of the FG and NNPC. I would tell you the truth now my brother, if the government removes subsidy, it would not stop the profit of the importers Subsidy is only a small part of the profit and milking of the importers. FACT !!! the government would be very easy to dupe if they do not build the refinary The NNPC aka the government would still buy oil from this people . if before they buy it for 20 billion naira at 65 naira per liter, now the exporter can call it 30 billion naira at 145 naira per liter apart from the subsidy money if the government wishes.[/quote]Dude, first of all, thanks for that illuminating post. The removal of the subsidy is not just about the govt ceasing to pay importers. It is about complete overhauling and deregulation, so nobody is expected to be able to export crude, only to reimport it, smuggle it Cotonou and get 100% paid for the evil effort by the FG. The whole system is changing and the bloodsuckers are getting swept away. I imagine that new rules would mean each importer having to reapply. . . You know the drill! |
[quote author=A-ZeD link=topic=824709.msg9763132#msg9763132 date=1323867704]Its posts like this that make people call you GEJ spokesperson, Scrapping NNPC and removing fuel subsidy does not stop corruption, The money saved from fuel subsidy would still be handled by this so called people or are the people going to manage the saving from subsidy fall from heaven?? I agree with you that the figures bandied around are FALSE, but GEJ should first be concerned about getting the right figure with an error margin of about 5%,[/quote]People say that to cover their relative lack of intelligence. I'm used to it. Next!!! |
The fast tracking of the Mambilla project that will supply a whopping 2,600MW and take us closer to 8,000MW is very good news. Little by little, we be inches forwardly! ![]() Nice one GEJ! There is also, "small-scale power projects would be uniquely adapted to stimulate and sustain all year round agriculture." It is hard to quantify the employment benefits such a system would bring. It would project Nigeria right slam on the high-tech agricultural scene, that along with our satellites in space to provide accurate weather and season forcasts for agriculture. I am almost dancing with happiness! |
[size=14pt]Zero-subsidy Regime And Electricity[/size]http://www.leadership.ng/nga/columns/10486/2011/12/14/zero-subsidy_regime_and_electricity.html [size=14pt]Fresh Air![/size] ![]() |
[size=14pt]Subsidy? Where Would the Savings Go?[/size] Hassan Abubakar 14 December 2011 opinion Now, one emerging character of President Goodluck Jonathan administration is its ability to remain focused even in the face of strenuous efforts at distraction by all sorts of self serving groups and individuals. And there is unarguably no other policy of the administration that such groups have tried to earn political capital out of in recent times than the Jonathan's administration plan to complete the deregulation of the downstream sector of the petroleum industry. I have observed, for example, how debates on deregulation have been reduced to the single item of removal or non-removal of subsidy either out of genuine ignorance or mischievously for the simple sake of appealing to popular sentiments. But in spite of such efforts at distraction, the Jonathan administration has kept its eyes on the ball, strategising on how the final deregulation of the downstream will not only helping the transformation of the economy, but will be beneficial to all Nigerians. The key aspect of this is a very revealing document tagged Subsidy Reinvestment and Empowerment Programme that comprehensively and methodically addressed the concerns of some of us whose major arguments against deregulation have been government's failure to provide a roadmap on how savings to be made from the removal subsidy will be spent. [b]For instance, the focus has been on how the Federal Government will spend extra revenue that will accrue to it from savings to be made from the removal of subsidy. But I pleasantly learnt from the Subsidy Reinvestment and Empowerment Programme document that it is actually the three tiers of government that will gain increased revenue as a result of the implementation of the policy. At a projected price of $90 per barrel, it is estimated that the total projected subsidy savings per annum will be N1.3trillion. Federal Government's share of the savings will be N633billion, while states and local governments will receive N349 billion and N269 billion respectively as additional revenue annually. The additional revenue that will accrue to the States and Local Governments will unarguably help assuage the crucial financials needs of the two tiers of government, especially in regard to the present difficulties they are having in meeting their social obligations. I will therefore like the States and the LGAs to come up with plans on how they will spend their own portions of the savings. On its own part, the Federal Government succinctly in the document listed out a combination of programmes that will help stimulate the Nigerian economy and alleviate poverty through investments in critical infrastructure and safety net projects that it will spend its share of the savings on. For example, the Federal Government indicated that the savings will facilitate additional investments in the power sector, roads, transportation, water and even, in the downstream petroleum sectors itself. These are sectors that are crucial to the transformation of the Nigerian economy and that can help nudge the country towards the achievements of the much talk about Vision 20:2020 objectives. The savings will also lead to a reduction in the extent of borrowing needed by Federal Government to finance projects and meet its other statutory obligations. This will help address the problem of budget deficit, and will be in line calls to bring the nation's domestic debt, which over the years has grown to about N6 trillion under control in order to ensure a realistic economic growth. The government also in the document addressed the concern of some of us on the likely impact of removal of subsidy on the vulnerable segment of our society with well articulated and well targeted safety net programmes, public works and employment schemes, maternal and child health, mass transit programmes and vocational training and skill acquisition schemes.[/b] If well implemented, there is no doubt that these programmes will help in mitigation of the potential impact of the discontinuation of the subsidy regime on the underprivileged segment of our society. There will be no acceptable excuse for shoddy or non implementation of the programmes contained in the Subsidy Reinvestment and Empowerment Programme anyway given the specificity of the document. The document specifies savings that will be invested in the building of hydro and coal plants in the power sector to further enhance Nigeria's electricity generation capacity. The plants, their location and expected generation capacity were carefully itemised in the document. [b]The counterpart funding for the construction of Mambilla hydro power project that will generate an additional 2,600 Megawatts of electric power, more than 50 per cent of total generation in the country at the moment is expected to be sourced from the savings. Other 17 Small and medium hydroelectric power projects that will add a cumulative capacity of 140.275 MW to the national grid will also be completed with funds derived from savings made from removal of subsidy. The good news about the projects is that apart from providing rural electricity as a result of their locations, they will be isolated and embedded in a way that will help in the development of agriculture value chains. The savings will also enable government to provide counterpart funding for public private partnership projects for development of Coal Power projects in Enugu, Benue, Kogi and Gombe. The coal projects have the potential of adding 1000 MWs to the national grid. So, how will the programme be monitored to ensure implementation? Federal Government itself has taken care of that in the programme also with a well articulated oversight, accountability and implementation structure at the apex of which will be a Board to be constituted by the President. The Board will be assisted by globally renowned consulting firms in carrying out its task of ensuring that government keeps its words on the expenditure of savings from the removal of subsidy. MDAs will also set up units that will monitor projects in their sectors. But for me, the specificity of the document has even placed the monitoring in the hands of all Nigerians. So, I will advise that we all get the document, study it, familiarise ourselves with projects to be implemented with savings to be made from the subsidy removal programme in our respective communities and be ready to ensure that those projects are implemented.[/b] One thing that is sure is that with Subsidy Reinvestment and Empowerment Programme, the charge that government, especially at the federal level did not have plans on how to spend savings to be made from removal of subsidy or take care of the potential effects on the vulnerable segments of our society may no longer be tenable. Abubakar wrote from Kaduna. http://allafrica.com/stories/201112140283.html |
[quote author=alj_harem link=topic=824709.msg9762844#msg9762844 date=1323865389]Beaf from the very first day this subsidy thing started I was in support of the removal of subsidy because I understand what was going on. Thanks for your further explanation. Now my argument is not that the government should not remove the subsidy, My argument is the period of the removal of subsidy. You see, if the government removes subsidy without our own refinery, that is a complete waste of time and resources. Our OWN refineries should be working to produce at least 80% of our nation's fuel consumption. Once this is done, then the government should remove the damn thing and stop enriching some specific individuals. But if the subsidy is going to be removed next year and our refineries are not working to scratch, It is just the same old system again. The government would import crude oil from these same people and they would pay them off. Back to square One. Do you see my point ?[/quote]Your argument leaves out the most important variable which is; exactly how much fuel does Nigeria consume? That little question hides a lot of ugliness. I can bet you that the figures bandied about as our total fuel consumption are all FALSE. They have been beefed up and padded to allow for extraordinary levels of smuggling, all subsidised by the Nigerian government. Therefore, the figures given as Nigeria's fuel consumption are really for vast proportions of the combined figure for Niger, Chad, Benin Republic, Burkina Faso, Cameroon and Nigeria. If our fuel consumption is only a fraction of the figure bandied around, it follows that our refineries are in much better shape (aside Kaduna) to fulfill a great percentage of local demand. In that sense, the benefits will be felt quite quickly and there is no point waiting for them to run at a 100% before smoking out a den of vipers. |
^ No news today about how the development in Akwa Ibom is to your credit? Or how you personally told Akpabio to dualise roads and employ Julius Berger? What about how you saved Italy from floods? No helping of your usual high stories? Dude, you are a low quality sand swiller with zero credibility, not worth the trouble from those of my refined calibre. |
[quote author=alj_harem link=topic=824709.msg9762711#msg9762711 date=1323864287]Haba beaf you don start again. removal of subsidy would not change the fact that our country does not have refinaries and thus have to go to those countires to refine our crude oil, or does it ? Haba beaf don't turn logic on it's head[/quote]It will remove the entire ecosystem of corruption that those who own the country have created. Each one of us is a slave, paid off with N65.00 per litre fuel, whereas the entire money for the country is going straight into a few hundred pockets. They legally steal all of our money, only to turn round and piss on us, but we've been paid to be quiet with N65.00 fuel, just as the National Assembly is paid to maintain the status quo with salaries for doing absolute fuckry that are higher than Obama's. It is best to deeply understand your country and how you've been sold. And lets not forget that they have set the system up so that the wanton theft is 100% legal. Whites enslaved us in the past and we fought, they colonised us and we spilt blood; so why would we allow fellow Nigerians enslave us for a paltry N65.00 per litre of petrol? I'm sure Nigerians are smarter. |
[quote author=A-ZeD link=topic=824709.msg9762670#msg9762670 date=1323863699]The Nigerian Police is corrupt lets scrap the police The Nigerian Military is corrupt lets scrap it too, Political parties are corrupt lets scrap them too, [/quote]Damn right. ![]() |
[quote author=alj_harem link=topic=824709.msg9762472#msg9762472 date=1323861890]I am deeply shocked that people are surprise at this ![]() When I was saying it the other day, The ideeiot called Point B was arguing with me saying bull crap. LOL Have I not be vindicated now ? Nigeria refines her oil in the following country UK GHANA IVORY COAST BENIN REPUBLIC RUSSIA AMERICA among others those countries I mentioned, I am sure of them with hard facts. there is no point in sugar coating anything The most painful part of it is what I am about to tell you Now The refinary in the UK and Ghana in which our FG refine her oil is located at the ports. thus whn Nigeria stu.pidlly ship her crude oil to lets say UK for 1 million dollars, it is refined right there at the port and given back to them almost as quick as they recieved it for 10 million dollars, Also the UK retain some of that oil Thus we sell the raw material for 1 million dollars, they sell it back to us for 10 million dollars and yet still they retain X amount of barrels for themselves since Nigeria does not have good people in calculating Logistics. AT THE PORT, * pls remember that* That is the sad nature of Nigeria, Now think about the government removing subsidy without Nigeria own refinary. Now who are the owners of these refianeries ? well of course the UK, america and russia is owned by each country to get there revenue from a silly black nation. as for Ghana, the government has a signed deal with Nigeria NNPC to do such thus, they give the oga's in NNPC some change to shut them up [size=14pt]Ivory coast and benin republic is owned by yours trully, IBB, Danjuma, Abacha, Uba brothers, OBJ, among others aka past generals.[/size] Why are they doing it ? Of course to secure their investments for stolen money. I mean you don't want a revolution to occur in Nigeria and the newly installed government ceasing their refinaries from them. Also to develop a good relationship with those governments I mentioned.[/quote]I wish you will continue making sensible posts like this, instead of sounding troubled all the time. Those men are richer than Nigeria and all supported by ethnically / religiously bigotted networks, unimaginably vast sums of money and military links. That is one solid reason why the subsidy and eventually NNPC MUST GO; fighting those people will just suck the blood out of the whole country. Oil is our only revenue earner, and they hold us by the jugular. |
Fork-tongued scarabs like Tunde Bakare are to be pitied. This is the hypocritical false prophet in 1999: Bakare said, “Let me tell you the truth by the spirit of God, neither (President Olusegun Obasanjo), OBJ, Atiku (Abubakar), IBB and this tall one, (Muhammadu) Buhari are part of the new. They are part of the old that is decaying. That old one is passing away. The new is emerging and these ones are not part of that new.”Secondly, Buhari is corrupt. I've posted the below repeatedly about Abacha, but can post direct stuff about Buhari's corruption. You will also notice that those who scream loudest against the removal of the subsidy are reps of those companies. |
OPC is neither police nor SSS, they should allow the proper security services do their job. What Fasheun has said might be right, but there is no need to be chatty in matters of gravity. |
OPC is neither police nor SSS, they should allow the proper security services do their job. What Fasheun has said might be right, but there is no need to be chatty in matters of gravity. |
careytommy:By the way, IBB built private refineries with FG money in Ivory Coast and Benin Republic, while Abacha built one in Sierra Leone and used PTF (under Buhari) to share gifts to cronies. AbdulSalami busted the Abacha empire and the PTF sole administrator committed suicide. |
afam4eva:Thank you jare! I can't understand why you ask some people an examination question about A and they begin to rattle mindlessly about Z, yet expect to pass. Gbawe has claimed that the news comes from Compass, therefore it is somehow wrong. LIE. Banks in Ogun are closed in absolute petrified fear. Also, that the state governor, Amosun is an onlooker concerning security in his state. LIE. Now, Rhino.5dm has taken the stretching further by including farout arguments about states where banks are still open for business and the residents are not in panic that the police are scared of the armed robbers. Bloody weak and illogical. Maybe we should just shout hurrah! Maybe we should all revile intelligence, truth and common sense and claim that its all good in Ogun state. Crap. |
Please could someone clean up this thread? There is absolutely no need for gory images that disrespect the dead: https://www.nairaland.com/nigeria/topic-824289.32.html |
Can the mods clean up this thread? |
^ Firing will simply not work, the thing is like an octupus with deep tentacles into the very soul of Nigeria. The whole NNPC should be scrapped along with the fuel subsidy, we should all fight to remove govts hands from any sort of business or money generation, except where our national security would be threatened. If we enthrone true federalism and back the PIB, we wouldn't have institutions like the NNPC. |
Gbawe:You are just stepping all over your own tongue. The long and short of the matter is that the State Commissioner of police is under the direction of the governor. Lazy types will only remember that the commissioner of police is an FG appointee when it is time to shirk their duties; but when it is time to assign 4 mopols to their wives and girlfriends to carry their shopping bags, they will suddenly be in charge and very aggressively too, like two pence champs. Whenever weak people are shirking their duties, our ears get insulted with wondrous and ridiculous excuses. The societal breakdown that is causing security issues in Ogun is 100% Amosun's problem; if he thinks it isn't then he should be impeached as a useless rag, not worth even duting shoes in govt house. Thankfully, Amosun himself does not carry such a shallow idea of what his duties are and has made several promises to improve the sorry situation. That shallowness exist only here on NL. I will repeat, it is better for Amosun to put his hands up and call in the FG, because his own efforts have proven useless. How can banks not open for fear of robbers? That is a sordid first in Nigeria. Sensible folk would realise that its time to begin loading the battle wagons for impeachment. |
A boko haram judge? First we had a boko haram senator. How many top people are in boko haram? |
It is clear that Buhari is scared of being exposed through his links with Abacha, so his leutenants have been all over the place, attempting to launder his image in indirect ways. This thread is just another. I want to post these again, because the truth needs to be known: You will also notice that those who scream loudest against the removal of the subsidy are reps of those companies.Buhari, IBB and Abacha aare all rowers of the same corrupt boat. [size=14pt]The Canonisation of Abacha[/size]http://allafrica.com/stories/200806130494.html [size=14pt]Nigeria Wants to Re-Write History[/size]http://www.content4reprint.com/culture-and-society/social-issues/nigeria-wants-to-re-write-history.htm |
jay bee:My guy, me sef fear o! ![]() |
That is quite right! A great first from GEJ! I do not know of any civilian govt in Nigeria's history that presented the budget in time (I could be wrong, but I very strongly doubt it). |
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