₦airaland Forum

EMILO2STAY:
I answered all your questions idiot. You did not even attempt to answer my own based on realistic occurrence.let me ask again.
based on what you said that oil companies spent billions to extract crude which is the reason for high fuel price. Pls explain how these billions spent cause fuel to go from 550 per liter late last year to 600-700-800 -1200-1400 and bow back to 1200 . Pls explain and tell how much did the oil companies spend to make fuel sky rocket and then moved down again. Did they spend much then and later spent less again!

Also explain how diesel is still stable and even gas. Is this diesel not gotten from the crude also? Oh I forgot to mention kerosene. Because that one people have forgotten about it since the price is not shooting up like fuel. Maybe they spent just few hundreds of dollars to extract it from the ground because it's not coming from lol. Mumu man!!..

Izuchukwu70:
Mumu. That's not how economy works. Go and read about Balance of payments. It will take at least 3 months before you see the effects because data for payments are released after 3 months.

10thTenthMan:
Interesting take.

This leads to further questions like:

-What decides whether we are of light or of darkness?!
- Is it fate that decides this?
- Is it a lack of guidance to the light by parents, society, family? etc.
-Are some persons doomed to always work within and from the dark?
-Can they be rehabilitated or is their fate sealed that no matter what, they shall always be workers of iniquity and causers of bad news?!

EMILO2STAY:
like I said, your postulations are theoretical not practical. stop wasting your time posting nonsense, non of those things you posted plays a part in Nigerias oil prices. You are the fool forming I too know when you know know nothing. I live just behind the porthacourt refinery. I see things. You are just posting nonsense that have nothing to do with reality.

EMILO2STAY:
like I said, your postulations are theoretical not practical. stop wasting your time posting nonsense, non of those things you posted plays a part in Nigerias oil prices. You are the fool forming I too know when you know know nothing. I live just behind the porthacourt refinery. I see things. You are just posting nonsense that have nothing to do with reality.

EMILO2STAY:
like I said, your postulations are theoretical not practical. stop wasting your time posting nonsense, non of those things you posted plays a part in Nigerias oil prices. You are the fool forming I too know when you know know nothing. I live just behind the porthacourt refinery. I see things. You are just posting nonsense that have nothing to do with reality.

EMILO2STAY:
read your your own statements. You said the IOCs spend billions of dollars to get crude that is the reason why fuel price goes up. Yet say they don't determine the fuel prices and yet again say they set the price.

Read your own words Mr " I have a degree in petroleum engineering".

The things you postulate are theoretical, specs on paper. I give you reality which your theories can't match.

jamafa:
Lol

Anambra wey Obi govern. Obi is never a better candidate. He cant do better than Tinubu

omoredia:
State of the country underTinubu

sunray:
PDP did worse than this. Obasanjo removed elected governors with 5 members house of assembly. May be some of you were not born then.

Krankhead:
Fugbara will cry at Last

EMILO2STAY:
abeg talk rubbish commit. You think sounding eloquent makes you intelligent? You are the one whom your response gave away as a talkative who cannot even comprehend his own words, Contradicting your own self and living a lie.

OJEEMAH:
Are they on 46 trophies or you no understand the thread?

Thundafireseun:
Poverty has taken over your mind, body and soul….

I feel very sorry for you and your family

DaddyCoool:
We are NOT talking of origin of anything. We are talking about individuals born with "crossed wires". You yourself never woke up and decided you want to be straight. You are just LUCKY you are that way. Who would choose to be gay??

Thundafireseun:
Poverty has taken over your mind, body and soul….

I feel very sorry for you and your family

Kukutenla:
Don't worry about me
I have storage tank already to cry into for all the shege you're going through in the hands of your god
The question is Reno called Tinubu druggie
He said Tinubu wet himself
You defended Tinubu against him with your life then
Today him and Tinubu are smiling in a camera
My broda wetin you gain

Kukutenla:
Will my cry full your belle
Reno don carry una head enter aso Rock
Una still dey here dey shout Jagaban
When will you snap pic with Aso Rock Gate gateman for a start
Reno carry you handicap Las Las you want to console yourself by claiming some people will be crying
My broda, na signpost you com do for this life?

Thundafireseun:
We have not started politics, when the time comes, we will play politics. Our job is politics. Tell them to keep their party ready. We will teach them what is called politics.”

Wike…

To those children spewing rubbish check Wike’s antecedents, he has never lost a single battle….

And Fubara will learn the hard way

DaddyCoool:
You are wrong. Millions of people are born KNOWING they are in the wrong gender body. Then there are intersex (see below). About 160 million people worldwide are intersex (much larger than the second most populous country in Africa!)

EMILO2STAY:
lol , I don't need to call you naive, you showed it that you are not only naive But ignorant

EMILO2STAY:
lol, you just admitted the same thing you disbelieved. Funny man. You don debunk yourself

DaddyCoool:
He's actually both right and wrong.
Some people are born naturally gay.
But also some people become confused or think they're gay from being molested as children

Otokpafacts:
Local government financial autonomy, if implemented will solve 60-70% of Nigeria's problems.

CyrusVI:


Number 1, 3 and 10 are the most important points here

It means he's not detached from reality, Reforms were necessary and that the light at the end of the tunnel is Fcking bright


A lot of smart initiatives to cushion the effect of hardship are already underway

Take a peep into the future, its brighter than you think

EMILO2STAY:
you dey talk nonsense

EMILO2STAY:
are the IOCs not part of the market forces? Do they play not part at all in setting the oil price ,since you admitted they are responsible for oil drilling and also spending millions in exploring new field?

Salubata:
Happy Independence

Before You Protest On Independence Day

The biggest challenge to Nigeria's progress as a nation is not corruption, tribalism, terrorism, inflation or even the removal of fuel subsidy. It is our entitlement.

The government did not do this. The government did not do that. I wish every Nigerian could travel the world. There is nothing like government airports, hospitals, schools, or markets in these nations we want to japa to.

Governments in Europe, America and Canada do not go into business or provide many of the services the Nigerian government provides for the Nigerian people.

Hospitals are built, owned and operated by the private sector. Ditto for hospitals, universities, airports, power stations, transmission lines, and sometimes even roads.

59.9% of Americans pay taxes, and their tax money is mostly used to fund the government and the military. I challenge you to find one government-owned hospital in America for civilians.

Even their postal services are run by the private sector.

When you hear British Telecommunications, British Gas, British Aerospace, British Energy and British Airways, none of them are owned by the British government.

When you hear Bank of America, American Airlines, and American Electric Power Company, these are all private companies.

The most profitable business run by the U.S. government is the U.S. military. Almost every other thing they leave for the private sector.

Please fact-check me: If you earn €58.597 in Germany, you will pay 42% of your income or €24,610 as taxes. There will be riots if you ask Nigerians to pay this level of tax. But we want a German level of delivery from our government. So, where will the money to run Nigeria come from?

In 1960, Nigeria could afford that because our population was 45 million, and we needed to raise an educated class speedily. By 1970, we could still afford it, and we did provide it, because our population was just approaching 50 million, and we still had a shortage of qualified persons.

But this was no longer practicable by the 1990s when our population topped 120 million. And how when we are twice that, at 220 million, it would be ruinous.

Britain went through these stages, and Mrs. Thatcher was forced to end birthright citizenship, introduce council tax, and privatise every government-owned business, including giants like British Telecom, British Gas, British Energy, British Aerospace, and British Airways.

Fewer than 8% of Nigerians actually pay income taxes, yet we want the government to build schools, hospitals, power stations, transmission lines, railways, airports, stadia, etc.

Then, after doing these, the government should still have money left over to subsidise fuel and power and give palliatives to Nigerians, or we will protest their alleged mismanagement and corruption.

Even insecurity stems from this issue. We need about five million soldiers and security officers to effectively secure Nigerians, but we have less than two million. We need at least three million more soldiers, policemen, airmen, etc. But when only about 6% of us pay taxes, where will the money to pay them come from?

Nigerians are the main problem of Nigeria!

You will hear them say, but we have oil.

Saudi Arabia has a population of 35 million and makes $350 billion annually from oil. That is $10,000 per citizen. Nigeria has a population of 220 million people and generates approximately $36 billion from crude annually. That is $150 per person. At 2.6 million people, Qatar is just one per cent of our population. Yet, their annual revenue is $68 billion. Two and a half times that of Nigeria.

Nigeria is not "oil rich". We are oil-poor. On a per capita basis, Ghana is more oil-rich than we are. We produce 1.5 million barrels per day for a population of 220 million people. Ghana produces 200,000 barrels per day for a population of 32 million.

So, when Nigerians hardly pay taxes and our oil and gas revenue is insufficient to meet the demands of running our country, we are forced to borrow or print money, which means that inflation will increase.

And under this situation, we cannot afford to artificially reduce the price of fuel by paying subsidy. We will go bankrupt. Therefore, as much as this annoys you, the only options are to allow market forces to control the fuel price, just as it does other commodities, or we must be prepared to pay higher taxes.

Failing that, Nigeria will continue to borrow or print more money, fueling inflation and increasing commodity prices.

Protests and riots cannot change these economic realities. They will be just like a child's tantrum when his parents cannot afford to buy him a toy.

Nigerians want to live at the state's expense, forgetting that the state has to live at the expense of the people or it will collapse, as the Soviet Union did in 1991.

Reno Omokri

#TableShaker. Ruffler of the Feathers of Obidents. #1 Bestselling author of Facts Versus Fiction: The True Story of the Jonathan Years. Hodophile. Hollywood Magazine Humanitarian of the Year, 2019. Business Insider Influencer of the Year 2022.

EMILO2STAY:
oga you might have a degree in all these. But the fact is that these money you mentioned even from what you wrote it is clear that that these millions are one time spending and not regular. Read what you wrote ,you said when oil is found"" and I agree, they spend a lot to establish the facilities to drill these oil but after that the money and profits they make as time goes on is far more than the money they spend on maintenance and so this cannot be a justified reason for fuel increase at alllllll!!!

EMILO2STAY:
oga you might have a degree in all these. But the fact is that these money you mentioned even from what you wrote it is clear that that these millions are one time spending and not regular. Read what you wrote ,you said when oil is found"" and I agree, they spend a lot to establish the facilities to drill these oil but after that the money and profits they make as time goes on is far more than the money they spend on maintenance and so this cannot be a justified reason for fuel increase at alllllll!!!

EMILO2STAY:
who sucks these crude from the ground? Also tell me , who are these people spending this millions and billions of dollars you make noise about all the time to justify fuel price increase.

EMILO2STAY:
lol, yet it is not same as fuel or even diesel. And the only reason it went up is because they pushed it up for gain. If dangote invests in gas today, they will come out and tell you that subsidy on gas is removed and so that's why they have to increase the price. The same gas that is being flared and thrown away every day.