₦airaland Forum

bishopkay:
Litmus test passed! If you know you know hehehe

yes i know
osun state things

lexy2014:
During d Abacha era, Abacha removed fuel subsidy cos just like his successors, he felt fuel subsidy was a burden on d country. But it was during his time that d refineries were finally killed& fuel importation became d norm. D refineries were actually starved of TAM in order to provide justification for fuel importation.

Abacha came up with two words "deregulation" and "liberalisation" of d downstream sector. He also set up d Petroleum Products Pricing Regulatory Agency (PPPRA). As its name suggests, its core function was to regulate d prices of imported petroleum products in a sector d govt said it wanted to deregulate.

As far as its liberalisation drive was concerned, instead of allowing major players to come into d sector to refine products locally, d govt gave product importation contracts to family & friends of Abacha.

D oil majors have refineries in countries that don't have crude oil. D reason they can't replicate that in Nigeria isn't because of fuel subsidy, its because if they are allowed to, it will expose d corruption in govt& in nnpc. D telecoms model could have been used to liberalise d downstream sector, but Nigeria is still using d Abacha model with just some minor modifications.

bigfish3k

can u imagine all these evil people.
they were the ones campaigning against abacha and his policies then, painting him as evil, but later adopted his policies to punish us, but now we understand those campaigns were just jealousy and never for the love of the nation and its suffering citizens

Telkart19:
...do you expect private investors to recoup their investments.?? Sell at subsidsed prices...sell at a loss in other words?

Besides, with oil prices at an all time low, I doubt government has money to build refienries. (Yes, they have money for ruga...but the money needed for one refienry is ten times that of the ruga things.)

i learnt its about $5b. but how much did we fine MTN again, remind me. we just lack the political will not the money. we can as well borrow
but we have been spending billions of dollars unnecessarily looking for oil in the north
and now this RUGA shit that will bring all the fulani foreigners to nigeria

btw, how did MTN and co recover their monies back

Telkart19:
Even with that...you would still be paying higher for fuel...not lower.

how?

Telkart19:
1.Other countries sell oil at a higher price than does Nigeria

2.You cannot build refinereis and sell fuel from the refienres at a loss in the name of subsidy. That's a part of why our old refineries don't work.

u mean other oil producing countries like saudi arabia sell fuel at a higher price than us?
what i meant was that govt should build refineries and sell it off to private investors so that we can be refining here without all these landing cost jargons

Telkart19:
1. In 2016...it cost N132 to import one liter of fuel. Fuel was costing N87 at the pump....thus the government removed subsidy by raising prices to N145.....which eliminated the N40-50 subsidy being paid per liter.

2.However....subsidy was still in place. Because...the government was still setting the price.

3. Note...governments have been doing this in Nigeria since the 1970's....they remove subsidy, set a price, and keep fuel at that price till the cost of production or importation rises above the set price...then they pay a subsidy to maintiain it at that fixed price...till it becomes unsustainable...at which prices shoot up again...to a new set price...and the show continues.

4. Now...landing costs is N200. Government is selling fuel at N145...and paying underrecovery (subsidy) of N55-60 PER LITER.

5.However, as fuel prices are too low...and revenue is falling...the subsidy has to go again. So...goverment may have to raise prices.

6.iDEALLY....government should stop setting prices, and allow the petrol makreters to set what price they see fit. Problem is, prices may shoot as high as N300..BUT...since no one is controlling prices, that makes things like new refienreis possible...and crucially profitable.

7.Investors flow in, more refienries etc get built...and production icreases...meaning prices FALL.

please , how are other countries that have oil do it to the benefit of her citizens. do they keep on importing?
why not the govt build refineries and sell.

tragergeorge:
oil wen d price crash by more than 100%and ur country depends on just oil�

if u build refineries and give us stable electricity plus security. WHO CARES ABOUT UR INCREASE.
just do : First Things First

Telkart19:
Please can you tell me where they are doing BMC things...I need the money...need to save for a Merc.

On a more serious note....



By the way, I have been backing fuel subsidy removal since 2011....and I have never voted for APC or PDP in my life.

if u are not a BMC, please stop repeating all the fake economic jargons they reeled out in 2016 to deceive us when they wanted to increase fuel price to N145. non of the jargons worked
let them compare what they told us in 2016 to what is happening now before telling us another story. we are not fools

Telkart19:
Nigeria’s fuel subsidy continues to crowd out other development spending. By comparison,, Nigeria’s total allocation for education is about $2.2 billion and it is not much higher for health care. Infant mortality in Nigeria remains unacceptably high at 90.4 per 1,000 live births. In 2004, it was estimated that only 15 percent of the country’s roads were paved. The $8 billion from the fuel subsidy could help to address some of these issues.

In addition, keeping the domestic price of oil artificially low with the fuel subsidy has discouraged additional investment in Nigeria’s oil sector. This is especially problematic given that the oil sector is the lifeblood of the Nigerian economy. Since 2000, Nigeria has issued at least 20 refinery licenses to private companies. However, not one refinery has been built because investors could not recoup their investment under the artificially low price structure

SOURS

but they told us 2016 that at N145 , subsidy will be gone that we should infact expect a lower price in 6 months time because of the competitive advantage that the new investors will bring into the foray

Telkart19:
Good idea

Increase prices, and stop throwing N2 trillion down a drain every year.

In fact, it is better that NNPC stops controlling prices of petroloeum products. Instead, let the market set the price.

Yes..prices of stuff will go up. Yes, we will pay N200 and above for petrol

BUT....eventually, investors would flow in, investment will flow in, and more money will come, and eventually...more refienries, and LOWER PRICES FOR FUEL

Instead of us dashing subsidy cabals 2 trillion every year...let them work for their money. Government can use the savings for things like educaiton, health, etc.

P;S If you quote me to abuse me, I will report you to the mods. I have a right to my opinions.


[url=http://www.eria.org/Chapter%208-Impact%20of%20Fuel%20Subsidy%20Removal%20on%20Government%20Spending.pdf]
SAUCE[/url]

benekruku is the public relations officer (PRO) for RUGA settlements while u are for the fuel price increase. make una fear God in whatever u are doing

Bolustical:
Before you type rubbish. Read that news and point out where NNPC hinted a raise in the pump price.

So if a company says Nigerian garri is the cheapest in the world, it means there will be a raise in the price

they are just testing the waters to see ur reactions.
ur reactions will determine the fate of the intended increase

Nbote:
Lolzzz... Welcum to d next level ppl... We already saw d writings on d wall even though d govt and ZonBs kept denying ... D only thing dat held dem back was d elections and now we can go to hell till 2023

exactly what i wrote before elections but zombies/callous,selfish,wicked humans turned blind eyes because of party.
i wrote then that there would be cow colony
i also wrote that there would be fuel price increase

i believe zombies know the truth and chose to be wicked

now the rain will fall on everyone

lonelydora:
Most times, Silence is golden. And I love my Pastor for that.

You don't respond to unbelievers who by all means want to tarnish your image, no matter what you say.

The church is marching on and the gates of hell shall not prevail.

Let them dey their dey, make we dey our dey.

dont u think that if men of God can influence the govt officials/church members in govt like the VP to do the right things we will have less prayer requests to tender in our churches

Benekruku:
[s][/s]

after cancelling my post .. oya come and give them southern lands

this is greed.. u have 75% landmass and still looking for the person that has only 25%

just like Prophet Samuels illustration in the bible where you have 100 cows but still choose to take ur neighbors only cow to entertain ur visitor. STUPID GREED

Benekruku:
[s]"He pointed out that giving land to the herdsmen is never a solution to ranching,"[/s]


Useless point!

His he running his ranch in the air!

he is running it in a place that has landmass like the north
we dont have land in the south.... stick this forever into ur head

Myhoneypie:
A group, the Arewa Defenders Forum, ADF, has thrown its support to the Coalition of Northern Youths’ stand on the need to have the Ruga settlements in the country.

The forum said the need for the Ruga settlement was to reduce the mobility of cattle breeders, so that the terrorists sponsored to destabilize the

Nuruddeen Alkasim, National President of Arewa Defenders Forum, in a statement issued after an emergency meeting in Kaduna, said, “We support the Coalition of Northern Youth Groups’ stand on the need to have the Ruga settlements in order to reduce the mobility of cattle breeders, so that the terrorists sponsored to destabilize the N


Read more here https://thickmatch.com/arewa-group-defends-ruga-settlement-blasts-ohanaezes-nwodo-fani-kayode/

Nurudeen Alkasim- yoruba muslim... and somebody will say there is nothing like yoruba muslim
all the christian yorubas that i know including the "sai babarians" have rejected this RUGA.
that means yoruba muslims and yoruba christians are not on the same page on this RUGA

AbuuBilaal:
Firstly, comparing pigs to cows is an erroneous comparison. Cows are eating by virtually everybody in the country. I do not know any tribe that doesn't eat beef. Rather, all other meat sources only supplement beef.

Secondly, it's a simple issue. Fulanis should take their cattle to the north and let's see who will lose more. Youruba man that can't even manage a dozen goats, how will he get meat for his wedding, naming and other ceremonies.

Thirdly, cattle is reared and grazed but pigs are confined. Until pigs are reared like cattle, there's no need for a 'puga' scheme.

Fourthly, ruga created to solve a societal nuisance. Meaning that it was born out of necessity. Farmers and cattle owners are struggling for scare resources - green pasture and land - but this isn't the case with piggery.

In summary, we should all try to be objective and realistic. A good and peaceful Nigeria will benefit us all. Let's not join hands with trouble makers and agents of anarchy.

I rest my case.

societal nuisance created by who?
mr. man all the nuisance u are talking about is a written script
just call it herders attacking farmers because farmers have never taken their crops to the herders. its the herders that take their cows to the farmers . herders are the aggressors and they are also the ones seeking compensation. what an irony

btw, we want to be the worlds highest exporter of PIGS

mbhs139:

Did I hear you say less profitable...?
Mtchewwwwwwww

You no get sense.

You'll kill for that position. Better by far than being a bank manager, that is running after other people's money, and won't be able to sleep, because his job is not secured.

Have you seen a bank manager crying and begging before, simply because a customer wants to make a large withdrawal from his own money...?

That's when you'll know that Presidential Photographer na job you can kill for.

Mumu!

he said less profitable as compared to the others - try understand english

i thought we have gone past using technicalities to throw out a case when the then CJN, Alfa Belgore warned against it. Things started taking shape.Cases were decided on merit and not on technicalities.
Am sorry to say that absurdities have returned if truly this case was thrown out because a judge didnt attend a sitting.
i began to wonder how that became adelekes business. Did adeleke ask him not to come? Did adeleke appoint him into the election tribunal? can adeleke influence his coming to work? why not purnish the judge instead of the complainant. if he deserves justice,why not give him on merit
hope this case of using a judge's absence will not be used by judicial influencers to puncture other genuine cases in the courts

this case is like a doctors mistake that killed the patient while the culprit doctor remains alife
All these bad precedents that is been laid down will haunt us in future. Those applauding should all remember that any case decided by the supreme court becomes a judicial precedence

observers are watching

kemicalreaction:
Damn, I knew you were dumb all along. Tell me the cause if the war btw Lebanon and Israel. Do you think there are no Christians in Lebanon? They openly supported Hezbollah against Israel during g the war, while you guys here in Nigeria support her as if she's your god.

You write nonsense and quote facts outta your ass and you expect me to believe you? You couldn't even hide your bigotry when you quoted me. You're supporting Israel because you're a Christian but I'm supporting Iran because I feel they're been cheated and bullied at the same time. That's the difference btw us.

PS: This is the last mention you will be receiving from me. Don't infect me with your stupidity l.


https://www.full-stop.net/wp-content/uploads/2013/08/never-argue-with-stupid-people-mark-twain.jpg

ur response above has still not proven ur claim that hezbolah/lebanon won israel in that war
people alway run away from me with the bolded when they dont want to admit the truth which i stand for

BabaOwen:
Do you know PDP is not the only minority party in the house? PDP alone can't dictate who the minority leader will be.

dont be clever by half. PDP alone can decide it if they go by votes.the other minority parties put together are just about 20 out of 140
afonjas have started again with betrayal. PDP gov supported him. he himself benefited from the same system he is castigating now without seeing anything wrong.APC just like setting wrong precedents. that was how they set the precedent of abusing a sitting president but later turn around to call it hate speech when the tide turned.

kemicalreaction:
I'm done with you.

better for you. religion of low IQ

kemicalreaction:
[s][/s] Israel lost against Lebanon/Hezbollah. Stop quoting facts outta your ass

israel will kill 1000 arabs. while arabs will kill 50 israelis and be claiming victory. low IQ dey worry u people
explain how israel lost. did lebanon capture any israeli land? israel that bombed hell out of lebanon, israel troops that entered lebanon and the place was handed over to the UN peace keepers

kemicalreaction:
Ignorance, you should educate your dead ass brain. The missile that shot down the US drone was an indigenous one.

let them be deceiving you, they cant manufacture any chips to build anything, russia helps them also. even china still rely on western chips

kemicalreaction:
Simply because US blockaded or threatened other countries that were in the deal. You're covering up your ignorance by trying to sound smart.

how can US blockade them. that means US is very powerful to blockade 5 countries and its affecting them

i hope nigeria can also blockade one country

ollah1:
You love writing loads of hogwash

u cant deny the truths i wrote - just be sincere, remove sentiments

ollah1:
Yet they want USA to do their dirty job for them, lol. You guys are comedians

ok , no problem, just to satisfy you: iran will win israel - hope u believe me

mtchew, iranu

FemiMaduka:
The Jericho III missile system is far more capable [in range, payload and precision] than anything Iran has. Iran's stock of ballistic missiles is of Soviet vintage. Israel possesses one of the most formidable missile defense systems deployed anywhere globally -- the Iron dome. Iran does not have an equivalent system.

In its strike arsenal, the IAF has some of the most advance aircrafts anywhere: F35, F15, F16 and a host of others; while the most capable strike plane in Iran's inventory is the F14 Tomcat [a plane that debuted about 4 decades ago]. The MiG 29 is shortlegged [an interceptor].

Israel can deliver nuclear warheads via a tripod of modified fighter-jets, ICBMs and a modified Dolphin class submarine supplied by Germany.

In all, Israel and Iran are very, very unequally matched. This is a fact. The U.S. is Israel's strategic ally, just like it is to Pakistan, Egypt, Turkey and Saudi Arabia.

u know whats up jare
dont mind the mudslim haters of israel and the US

just because iran shot down a drone they started applauding that iran has arrived. people that cant even manufacture their own weapons. if israel and US remembers them and wipe them off with a regime change. na dem go cry that US is a bully

[quote author=ollah1 post=79909523][/quote]iran does not have the power/military might to invade any country (they wish they have) without the almighty US intervening just as they did in kuwait. if not for the US, dont u know that many bigger countries would have invaded you and other smaller countries . many smaller countries are claiming sovereignty today because of the presence of US . the muslim world are just hating on the US because of Jerusalem and israel. they dont know that the US is the safety they have.
remove the US today as world power and see how smaller countries will loose their sovereignty . bigger countries will swallow the smaller ones.
you people should just stop hating because the US is a blessing to the world

dermmy:
Then why does Israel want America to help her neutralise Iran she should have done that herself. Nuclear weapon is the only thing that gives Israel the edge. Do you know Iran won't fight alone if war should start today? Let war break out Israel would battle different front from Iran revo guard to Hezbollah, houthis and other Iran shia militias. In terms of Land mass Israel has a relatively small land mass Iran's ballistic missiles can hit any angle in Israel. Infact Iran does not need Nuclear weapons to neutralise Israel. Israel have ballistic missiles too but if these countries should start exchanging ballistic missiles with conventional payloads Israel would have more to lose cause of her small size

I'm not saying Israel is not powerful but you people are ignorant of Iran's military might

israel has done it before and will do it again. israel has fought syria,egypt,saudi,jordan,lebanon,palestine etc and defeated all even grabbed their lands till today. so stop overating iran that cant manufacture their weapons themselves
about size: in all the arab war with israel. israel has captured arab land and added it to its own. thats one of the reasons the arabs are always afraid of fighting israel because they must seize ur land and will not return it. that was the case of jerusalem that they are dragging till today, in that war israel begged jordan not to join the war but they refused, so israel opened a new front and captured east jerusalem from them, today that place has been added to israels land by trump. only egypt has been able to reclaim sinai through negotiations

Lovelyn451:
US and unnecessary sanctions, you pulled out of a deal and expect them to still be committed to it

they are six countries, only one country pulled out -- the mighty US

if any other country had pulled out , would there have been any brouhaha? this shows u how powerful the US is both militarily & economically
why cant iran remain with the other five countries and remain committed to the deal

anybody saying because iran downed a US drone that it has come of age militarily is just been delusional. weapons that they cant manufacture by themselves

ollah1:
Continue displaying your ignorance and stupidity to the world.

so u mean that iran will defeat israel and US -- then u are the stupid one

if US invades iran now, its u lots that will come here and start telling and counting how many countries US has bullied and invaded and start telling us how US hates muslim countries