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Politics › Re: Fuel Crisis: 5 Reasons Why Buhari Cannot Stop Fuel Importation by Bevista: 6:06pm On May 27, 2015*

1. Our refineries are not yet ready.
The new government will have a multi-term strategy. In the short term, NNPC will take over completely the importation of fuel. They will sign an MOU with an international refinery for a SWAP deal. In the medium term, TAM will be carried out on all existing refineries. In the long term, proper deregulation will lead to more refineries & petro-chemical plants.

2. Government generates revenue from the process.
The money saved by NNPC dealing directly with an international refinery will be many times more than the meagre revenue government generates in the current system. Most of the importers are govt cronies, as such do not even pay the right taxes. Also, the money govt looses through fraudulent subsidy payments to these importers is 10x more than the revenue generated. This is penny wise, Pound Foolish.

3. Significant investments have been made into providing facilities for fuel importation.
Most of the existing infrastructure will still be useful. NNPC will still need the private tank farms to store the imported products. They will still need all the private tankers to distribute the products.

4. Fraudulent oil marketers are benefiting from the process.
Do not undermine the power of a President with the political will to get something done. Even the marketers know it's game over.

5. Risk of unemployment.
As I said earlier, most of the existing privately owned infrastructure will still be useful, so most jobs will still be kept. In any case, the huge money saved will be deployed in other sectors that will create far more jobs than will be lost.

In summary, Nigeria does not need the oil thieves!

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Politics › Re: Don't Single Out My Administration For Probe: Johnathan by Bevista: 4:34pm On May 27, 2015

Apparently, we all agree (including GEJ) that there will definitely be probing when the new administration takes office.

However, GEJ cannot tell GMB when to start probing. It was Jonathan's responsibility to probe the administration before him. GMB's primary concern will be to probe the immediate past administration, and if he has good reasons, he may extend beyond that. When the next President comes in, he can probe GMB.

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Politics › Re: Jonathan Just Did Buhari A Big Favour by Bevista: 4:24pm On May 27, 2015*

Secondly, most Nigerians agreed back in 2012 that the subsidy had to go, but the Jonathan administration had no credibility to carry out such painful reforms.

Technically speaking, what Jonathan did was to increase petrol pump price from N67 to N147. If it was indeed removal of subsidy, then why FIX the new price? Why not allow market forces determine what the price should be?

Worse still, no one knew at that time the template PPPRA used in arriving at that figure.

After allowing subsidy claims to rise from less than N400B in 2009 to over N2T in 2011, the President still had the effrontery to punish Nigerians further by increasing petrol price by over 100% under the guise of fuel subsidy removal.

This is Mismanagement and Improbity at its peak!

Politics › Re: Don’t Single Out My Administration For Probe – Jonathan by Bevista: 4:20pm On May 27, 2015

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Politics › Re: Jonathan : Don’t Single Out My Administration For Probe by Bevista: 4:05pm On May 27, 2015

Politics › Re: Adams Oshiomhole Emerges As BRACED Chairman by Bevista: 12:28pm On May 26, 2015

baybeeboi:
out of Six States in the South South, APC has just two.

Now have you wondered why the four PDP Governors have allowed the minority get that position?

You need to thimk outside the box.

In terms of incoming governors, it is PDP 5 - APC 1.

Akwa Ibom - PDP
Cross River - PDP
Bayelsa - PDP
Rivers - PDP
Delta - PDP
Edo - APC

I'm curious to know why they choose the only APC governor to lead the pack.

Politics › Re: Adams Oshiomhole Emerges As BRACED Chairman by Bevista: 12:27pm On May 26, 2015

baybeeboi:
out of Six States in the South South, APC has just two.

Now have you wondered why the four PDP Governors have allowed the minority get that position?

You need to thimk outside the box.

Politics › Re: Buhari And Mutually Assured Restoration By Ben Murray Bruce by Bevista: 10:05am On May 26, 2015*

OREMUSSANCTUS:
Am allergic to long notes
Pls can someone summarize it for me?

Especially when it's not properly paragraphed. To summarize, though:

Ben Murray Bruce encourages Mutual Assured Restoration (MAR) - A situation where the north & south learn to coexist in peace and harmony, leveraging one another's strengths.

He believes the south needs the north as much as the north needs the South - while the north depends on the south for oil revenue, the south depends on the north for food. He believes nations can survive without oil, but they cannot survive without food and many of our staple foods be it Rice, locally grown wheat, cows on the hoof, tomatoes, peppers onions etc., come from the North.

[I add that - while oil (the south) contributes most to our National revenue, Agriculture (the north) contributes most to our GDP.]

Ben encourages GMB to explore for oil in the Chad Basin, such that the ND won't always have to hold the whole country to ransome with their militant threat anytime they feel begrudged.

In summary, he believes #WeNeedEachOther and that #ThereIsStrengthInUnity.

48 Likes 2 Shares

Politics › Re: Governor Akpabio Calls Akwa Ibom People Ungrateful by Bevista: 10:02am On May 26, 2015

Mekybliss:
forgive him for giving them what they never had abi?

Forgive him for the Uncommon Looting of state treasury in the last 8 years, and for foisting his surrogate on the people of the state.

1 Like

Politics › Re: Nigerians Are Right To Expect Miracles From Buhari - PDP Chief Sunny Onuesoke by Bevista: 8:43am On May 25, 2015

priscaoge:
He should get ready to perform magic oooo

Hehehehhe, Buhari be like...."Lies we tell on campaign ground "

People do not have to sensationalize lies just to score cheap political points. They promised N5k to 25million unemployed over 5 years phased at 5million persons per year (Not EVERY unemployed). They promised 12,000MW of electricity in the first 4 years (not 48,000MW). They never promised N45 per litre of fuel at any time - that was simply TDW opinion which was even after the elections. They never promised $1-N1 at any point in time.

While they may have made some unachievable promises during the campaigns, PDP sympathizers blatantly lying about such promises won't add to their moral capital.

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Politics › Re: Buhari To Unveil Anti-corruption Strategy by Bevista: 8:18am On May 25, 2015

With Plea Bargain alone, the new government might raise well over N2trillion in its first year. This amount, if completely deployed to Capital Expenditure, will help in jump starting the decayed infrastructure of this country - Refineries, Power, Railway, etc.

1 Like

Politics › Re: Buhari’s Speech That Changed The North by Bevista: 1:37pm On May 23, 2015

wadetaw202:
I've always said it; that GMB will only be a President of NORTHERN NIGERIA and not the President of the whole of Nigeria. I only hope this will not turn out to be true after all.

He was addressing the people of the north,offering them a solution to what he considered was their greatest challenge. Same way he addressed people in the east - talking about trade, industrialization, enterprise, 2nd Niger bridge, etc.

Politics › Re: Buhari’s Speech That Changed The North by Bevista: 1:36pm On May 23, 2015

Epic speech!

Politics › Re: APC Policy Agenda Unveiled by Bevista: 2:58pm On May 20, 2015

Good

Politics › Re: Defection Of 5 PDP Governors Ensured Victory For APC — Okorocha by Bevista: 2:02pm On May 20, 2015*

“From 14 Governors we now have 22 and God told me we will end with either 24 or 25″.

The bolded - Tribunal things!

1 Like

Politics › Re: Jonathan Govt Incurs N5trn Domestic Debt In Five Years by Bevista: 10:17pm On May 19, 2015

bushdoc9919:
...And we do not have the diversified economy to fall back on for extra funds.

That is why Nigeria needs to get off oil.

Most of your population statistics, though entirely correct, is no excuse. Brazil produces about the same amount of oil like Nigeria for a population of over 200million, yet they are the 7th largest economy in the world. the US produces 5x the amount of oil like Nigeria, yet oil constitutes an insignificant portion of their GDP.

Yes I agree with you that Nigeria needs to get off oil and diversify the economy like most of these countries. But a diversified economy is not a naturally occurring phenomena like population or oil; it is a product of deliberate planning and strategy.

Politics › Re: Jonathan Govt Incurs N5trn Domestic Debt In Five Years by Bevista: 6:09pm On May 19, 2015*

bushdoc9919:
In addition, borrowing for recurrent expenditure is a common thing amongst oil rich economies....especially when the oil price falls.

We have been down this road before....back in the 1980's.

I don't think countries like Canada, Norway, Qatar, Kuwait, Saudi Arabia, etc would necessarily agree with you. Even if they did, these are developed economies with strong foreign reserves and good infrastructure.

A developing country like Nigeria cannot tow that path, except we want to wake up 10 years after and then ask ourselves "how did we get here?" Just look at our GDP and Per Capita income - while it is growing in Nominal terms, it is not growing in Real terms.

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Politics › Re: Jonathan Govt Incurs N5trn Domestic Debt In Five Years by Bevista: 5:38pm On May 19, 2015*

Ikengawo:
90% of the people that read this article don't know that even to start a small business a man needs to go into debt.

Strictly speaking, the problem is not the debt per se, but what the debt is used for. While I do agree with your assertion, I would like to say that borrowing for recurrent expenditure is a recipe for eventual disaster. However, borrowing to support production and infrastructure provides a base for more employment, import-substitution, exports, etc. All this eventually lead up to increased revenue to the govt due to the expanded (corporate & personal) tax base.

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Politics › Re: Tinubu's Solution To Nigeria's Economic Problems by Bevista: 4:52pm On May 18, 2015*

This commentary concerns governance and policy more than it does politics. I offer it to generate debate on an important economic issue.

There definitely needs to be more debate around this proposal, though I do agree it has some merits.

My major drawback to Tinubu's proposed QE is the Transmission Mechanism to ensure the new money gets to the Real & Productive sectors of the economy. Else this money will simply find its way into pockets of the 'cabal' and into financial markets - inflating asset prices.

All the same, it's quite stimulating and assuring to hear intelligent debate on sensitive matters like the Economy.

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Politics › Re: Buhari Government To Merge All These Agencies!!!- Iiedgenews.com by Bevista: 10:58am On May 18, 2015*

barcanista:
Those that will be affected will not feel much pains because #Baba will pay them N5000 monthly as unemployment stipends in line with his change promises.

A better alternative will be to create more ministries, agencies and parastatals. Employ more civil servants, and use all our money for capital projects to pay salaries.

3 Likes 1 Share

Jobs/Vacancies › Re: Push CV Elite Employee Quest 2015 by Bevista: 5:14pm On May 14, 2015

yettyopy:
Lol. just my thought too. No correct company. Anyways, av got an interview with a coy thru push cv tomorrow. Id keep u guys posted after the interview.

Which company is that? Anyway, It's always better to get a job in hand, while searching for a better alternative - it will help provide you with experience, as well as help with a few bills. Don't spurn the opportunity, give it your best shot. All the best!

Politics › Re: Buhari And The Challenge Of Unpaid Salaries by Bevista: 8:33pm On May 13, 2015

Sweetguy25:
I know what I'm saying. The Nigerian government has the ability and authority to create money(naira) by fiat.
There is something called quantitative easing, its a monetary policy instrument used by government to stimulate the economy.
The Nigerian government should adopt such policies to solve some of their expenditure problems. The United states of America does the same thing.

Your comment tells me you have an Economics or/and Finance background.

Do you think the Nigerian economy can handle the resultant inflation from QE? Remember, the US and Europe were in Deflation mode, and were looking for some form of Inflation, hence the QE. There will also be the problem of an efficient Transmission mechanism, else most of the newly 'created' money will find its way into Financial Markets rather than the Real Economy.

On your comments about the US budgeting system, you have to remember that the US is a developed country, hence most of the Infrastructure are already in place. Nigeria as a developing country needs to spend as much as it can on capital projects (infrastructure) so as to create the base for sustainable development.

In summary, the circumstances between the Nigerian economy and that of the US are a bit different and thus require different economic models.

Politics › Re: $533 Million Dollars Paid As Bribe To GEJ Cabinet Say Italian Prosecutors By ENI by Bevista: 6:42pm On May 12, 2015*

Sane countries prosecuting their citizens for corruption, even when such corruption is carried out in a foreign country. In my dear country, we celebrate corruption.

A supreme Court Judge in Nigeria cleared Ibori of over 70 count charges, yet a UK high Court Judge was able to nail Ibori with just one count charge. What a country?!

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Politics › Re: Robust Social Media Participation In The Polity by Bevista: 5:11pm On May 12, 2015

Nigerians never expected GEJ/PDP to take them to El Dorado. They simply wanted them to utilize our revenue judiciously in the best interest of all citizens. I am also certain that well meaning Nigerians are not GMB/APC to provide "Messianic" changes, but that they should utilize whatever resources is available in the best interest of all Nigerians.

In the light of these, however the new administration performs, I am pretty confident that they will be light years ahead of the GEJ/PDP administration. Nigeria will definitely be much better in the next few years. But more importantly, GMB will put the country on a trajectory of success, not like GEJ taking Nigeria to a mountain cliff.

Career › Re: Yay!! Push Cv Just Congratulated Me!!! by Bevista: 6:25pm On May 08, 2015

kulgee001:
Oya na. Make I go learn composure . Where is that election collation bruhaha video?

From the time you wrote the interview, how long did it take for them to respond to you.

Career › Re: Yay!! Push Cv Just Congratulated Me!!! by Bevista: 6:24pm On May 08, 2015

jollyrogers:
They couldn't even ask me where I stay!!! Mtcheewewwww after all the stress

From the time you wrote the interview, how long did it take for them to respond to you.

Politics › Re: Tribunal Orders Inspection Of Ballot Papers In Akpabio’s Election by Bevista: 12:40pm On May 08, 2015

Science/Technology › Re: Electricity Supply Drops To 2,817.05MW - Federal Ministry Of Power by Bevista: 7:44am On May 08, 2015*

During the 2011 election campaigns, Jonathan boasted that the country was generating over 4,000 MW. Obviously, things have since gone worse, even with more investments in the last 4 years.

Another reason to convince me I was right voting against him this time.

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Career › Re: Yay!! Push Cv Just Congratulated Me!!! by Bevista: 6:40am On May 08, 2015*

Mitsurugi:
I submitted my own c.v. and it has been under review since then I don't want to think they're waiting for me to pay the fee attached to their own c.v. neither do I want to think it would be a condition for 'pushing' my c.v. to companies in need of my services.

Not quite. A similar question was asked on their blog, and the response was that they'll review the CV once a recruiter indicates interest in the applicant (i.e. after the online interview).

My thinking is that since there are possibly over 10k CVs and they are to be reviewed manually, the company doesn't have the resources to review them all at once.

Politics › Re: Fayose And Muazu Took It To Another Level, Bigger Than Our Heads [PHOTO] by Bevista: 1:41pm On May 07, 2015

SeverusSnape:
Dying is a process...
So I've not entirely dismissed Fayose's claim about Buhari.
T'is only a matter of time.

I have irrefutable evidence that SeverusSnape is dying. As dying is a process, one cannot entirely dismiss my claim.

Celebrities › Re: Buhari Can’t Take Half The Insults GEJ Took-toni Payne by Bevista: 1:31pm On May 07, 2015

That is because he won't deserve half the insult

Politics › Re: Photos: Buhari's Convoy Obeying Traffic Rules. by Bevista: 1:39am On May 07, 2015

Great, but what is the security implication of this. I'm not ready to loose this man just yet.

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