₦airaland Forum

Sammy101111:
Me I no worry about Nigeria ladies again the economy is catching up with them . So they have to make money by all means I no blame them[b] . Just focus on your self love can disappoint you . But money will not disappoint you if you have it [/b]

Hmm!!! Wise words.

chatinent:
You'd see one poor ass ugly thing in Nigeria telling you that she only follows guys with GLK. Her father in the village doesn't even know how much oil filter is sold. Her brother has never bought sealed engine oil before...but this ritual candidate somehow just feels she can be poor and golddig.

.

Bro easy, Na fight?

But you don finish them.
Shameless ladies.

sadaxxx:
For APC supporters and Tinubu fans who hoped and prayed that Dangote refinery would crash prices, wake up and smell the akamu
Don't mind what you're hearing, once you get to the fuel pump, just start singing "On ya mandate we shall stand..." and the price will come down.

Lol....
I warned the Fools,.

The only way petrol can be cheaper without subsidy, is if the naria appreciates greatly against the dollar.
Like $ 1 is equal to 700naria or less.

MEEVEET:
They steal the oil... So cost of crude is near zero

If those guys buy crude at international price they would make a huge loss

100% True.

EMILO2STAY:
rubbish, you don't buy what you have in your backyard at international price . All those bullshit is an excuse. The boys who refine crude in the bushes of nigerdelta, do they buy crude at international price? Rubbish talk be supporting your slavers to talk rubbish

How do you sustain your oil industry if you don't buy it at international price?

Do you know that all oil and gas Operations are costed and paid for in dollars?

MEEVEET:
Nope, cost of oil production in nigeria is about 27 dollars per barrel

The government takes 55% of the profit

Then government still tax them on the 45% profit they keep

Some wells needs billions of dollars to make productive

True.

Some ppl think crude costs nothing to extract.

EMILO2STAY:
this explanation is bullshit. The international oil companies are not even metered, so what they take from the ground is not really know. And the sharing formula is between the I.O.C,s and the federal government is 60-40 ratio. The federal government taking 40% . The excuse before is landing cost and exchange rate. Now we have dangote who refines locally so why are they still giving excuses. If Venezuela and libya that are oil producing nations like Nigeria sell petrol at less than 200 naira per liter today ,then why can't Nigeria sell petrol like those countries without hiking the price unnecessarily. If this petroleum products where refined by modulla refineries there would not have been all these excuses , but because they want to use the monopolist dangote,..that is why he was allowed to build a refinery in the first place.

The federal government takes 60% not 40%

Secondly, modular or large refinery, the most important factor that affects cost of petrol is the cost of the feedstock, which is crude oil.

The only way petrol can be cheap, is if the naria appreciates against the dollar,or government subsides it.

The first option is the best.

Baxilexi:
The factors that would determine how cheap the cost of pms would be is within the purvey of the government.

1, crude oil is our common patrimony and commodity, we get it through JVCs and now more than ever we need it for local consumption, so it should not be lost on a sensitive government to lessen the price at which it sells crude to Dangote, ensuring his produce is sold only to NNPC who can then export the surplus for additional income.

2, taxes - at this point Dangote should get a tax break to recover some of his investments and protect us the citizenry from transferred costs.

3, cost of production; a barrel of crude oil contains 159 liters, international rate for refining is between $3-5 per barrel. Hence the cost to refine a liter of crude is $0.0314 * 1600 = NGN 50.

Dangote’s and NNPC can reach a concession 50 box for your troubles, and a few cheap liters for your international business as a patriot.

With NNPC now in possession of crude that cost N50 a liter to refine, marking up for their logistics and other expenses, petrol should sell at less than N500 within Nigeria.

Hmm ....

You ignored the most important cost, which is the cost of the crude oil.
Average price of crude oil now is $77.
That's : 77×1600=123200Naria per barrel.


A barrel contains 42gallons of crude oil and each barrel gives you on average 19 to 20gallons of PMS.
1 gallon contains 3.7litres of pms.

Hence 1barrel= 20gallons of PmS= 20×3.7liters=74liters.

There is no way pms, would be sold below minimum 800naria, unless the Naria appreciates against the dollar or government subsides it.

The useless president, would have not devalued the naria.

The best option is for our government is to peg the Naria to dollar, while reforming the banking and currency exchange market.

The idiot built Lagos with rice.

blaise26abj:
Of course . The idiot didn’t even check the realities before yarning stupidly “subsidy is gone “ . The biggest mistake he made was devaluing Naira alongside . We always said that Tinubu no get anything upstairs apart from stealing !

He built lagos. Which lagos ? The one before they gave birth to his corrupt arse or the one that will remain after he leaves this world . The potential and development of Lagos is stymied by Tinubu . Lagos will NEVER achieve its true potential as long as Tinubu lives .

Well said

Forkthiefnubu:
We need the Abacha apples again

I Tell U

Jayhome24:
Another idiot again. Have said it severally obi-diot is my kinsmen but he offended me long long ago and I'm not going to forgive him so Mr nwa ekuke fu-ck you and fu-ck you very seriously.

More crap.

See this illusionary Bamboo.

Go get a life, Zombie

casualobserver:
Tinubu will likely win in 2027 for the same reason he won in 2023……the opposition keeps fielding candidates that no matter Tinubu’s shortcomings are worse than him and hence unelectable.

You people don’t seem to understand. If you want to defeat Tinubu, you need to forget Atiku forget Obi. So long as he is running against those 2 whether as a team or separately he will win.

Useless crap comment.

You think you have a working brain, you lie.

Jayhome24:
Hahahahaha see another ozuor talking. Sorry my family don't do drug trafficking. Sorry my family don't invited death upon our father as a result of drug dealing. Sorry my family don't denies their son in.public. Sorry my family don't launders state money. Sorry my family not pathological liar. Sorry my family don't have degree they can not show to the public. Sorry my family don't do occultism. Sorry my family don't do stinginess.

You want more

But they do skull minning?

OZU Zombie

Rybnyk:
Peter Obi is the Trump of Nigeria? Hmm,what does Trump want for the US? He is pan American
He wants jobs being outsourced to foreign countries back to the US so small towns can be productive again.
He wants America to be secure by regulating immigration and outlawing open borders
He wants America to the less involved in needless wars that's why he wanted NATO to pay for US protection: NATO members paying levies will make them careful about promoting conflicts. Trump also wants America to be energy independent.
To an extent, Trump's Pan-American stance can be Africa's gain in the sense that liberal agenda won't be forced down Africa's throat. The fossil fuel use they want to stop is what Africa has for now to power their industries and develop. The West has the economic advantage in terms of renewables and Africa will end up paying dearly for it. We need to chart our own course. We might not be able to do that under a Western power that has an energy agenda that is not favorable to Africa. Unless they will leave Africa out of all their shenanigans the way they don't disturb China.

Well said, you dey mind the Fools, most of them are illegal immigrants or ppl aspiring to go to US.

They leave their shitholes to come to US, to claim right, who should win or not, but could not build the shithole nations they left.

Jayhome24:
Likewise your obi-diot is a clown idiot a sensational motherfucker bitch who is a monumental political failure.

Yet no body from your lineage and you, both in the past, future and future future tense can ever be as rich and famous like Obi, even if they re- incarnate in 3 different life times.

Zombie

jmoore:
Timlubu is a druglord, a disaster fashioned against Nigeria .

The coward was running away from debates. And this paid mumu wants to liken Kamala to Tinubu. No wonder Bwala said that once you join APC, your brain stops working.


These clowns no get shame at all. See how they are watching debates between two American presidential candidates when their own Timlubuu was dodging the debates while raising walking stick, dancing cultural dance to our national anthem.

I don laugh die

Skoonheid:
When men don't fear God, they give themselves to evil.

True

Georgry:
Dey there dey defend failure, better go hustle first, by the time you fit manage buy motor you go understand why people ddy cry as fuel go up like this, for now enjoy your monthly stipend, just know say e no go reach you to live good life, but if peradventure you're not been paid to do this then I no sure say e fit better for you for life.

Well said, you finish that Clown.

Failure beget failure.

casualobserver:
That is why democrats love you dumbasses. The black man in Africa is no different from the black man in America. You are incapable of critical thinking, you are generally stooopid. In Africa ou will vote a man because he is from your tribe even though he does nothing for you, just like the black man will vote for a black president that did nothing for them.

The relationship between the democrats in America and blacks is no different to the relationship between politicians in Africa and the masses. Keep them poor and dependent so they can appeal to their primitive instincts and make them depended t on us for cheap social welfare programs and handouts but don’t empower them lest they start to think for themselves.

100% well said.

I have never seen a race, so stupid and shameless like the black race, just eaters no productivity.

That's why they hate Trump becos he is not political correct.

Asked them to show you one First World ruled black nation.

If it was left for Kamela Harris and the other blacks, US would have been a 4th World country.

Easybet1:
What will he do with all this money?? At the end of the day, highest is to eat quality food, drive car and die when it is time which is almost the same with every average human being. So what is the need for having trillion dollar??

True.

Vanity of life.

Zico5:
Someone is flexing on 251 billion dollars and still planning to make more. Even in Nigeria of today, 200 million naira is enough to make someone happy for life if well maintained. God will surely do it. We will not die in poverty.

Amen

Saladdin:
It's even worse than that. Bulk of their wealth is only "academic wealth" and not the real wealth.

Practically none of those Billionaires with the exception of Bill Gates have up to $1 Billion Dollars in cold hard cash.

In the grand scheme of things, Mr. Musk is a low-tiered elite whose wealth and entire life can be ruined by the REAL elites.

True.

osuofia2:
Praying 5 times daily encourages laziness

The question is where is your own accomplishments ? You that don't pray.

It did not stop Dangote from becoming a billionaire or Jim Ovia, or BUA, or Otedola and many others.

Clown

Fidinno:
you that is not praying and religious, how far?

Abeg ask the clown.

The most successful entrepreneurs in nigeria identify with one religion or the other, DANGOTE, Adenuga,Jim Ovia,Otedola, E.t.c but this foolish clowns want us to believe that been a religious person means been illogical and unproductive.

Foolish people.

Georgry:
Tesla Inc is valued over 700 billion ATM, Elon Musk's value is the combination of his portfolio both in Tesla and other of his numerous companies..

In this life you can either become a 100 percent owner of a very small business or a 10 percent owner of a very big business, your ideas alone won't build a company as big as Tesla, during the early days you need good directors, they are rich already and they have wealth of experience, you need to give them option of stock, you need good lawyers, you need to give them stock, you need funds, lots and lots of it, investors won't hand their millions of dollars to you unless you are selling a part of the business to them, all these collective effort is what differentiate a Tesla from a one man small business..

Furthermore, diversification is one of the law that the rich don't joke with, if you have 100 percent of a business and the business the business get burnt then you're definitely in problem, it is also a form of sharing the risk to a larger pool of people.

True.

Munzy14:
Whoever gave Elon the Tesla Idea, is a genius.

It is a shift from the usual.

Solve one major problem within or outside your locality, and become rich.

The money is with the people, find a legit way to collect it from them

True.

Hemanwel:
The OP's threads are always on front page. Who OP be sef?? Abi na you and Seun get Nairaland??

@Topic:

Trillionaire in US dollars, I guess? Because we already have [b]trillionaires in Zimbabwean dollars.[/b]

TheTundeMuniru:
A man known to be wise once said "in other for Nigeria to be great again, great daunting sacrifices must be made to restore her Glory"

Sacrifices that would shook foundations, sacrifices that will halt the Nation.

Maybe Tinubu is right after all, maybe all our sufferings are sacrifices for a better tomorrow, sacrifices for a Glorious Nigeria. Just Maybe.



To even think Nigeria will turn London overnight is a Stupid thought in its own right. Or to think a man who managed a State like Anambra would be the right man to save Nigeria from sinking is completely crazy.



But sacrifice must be made?

Useless comment from a Roasted brain

sketcherJ:
White men committed this crime yet u only saw a semi-white man, a coloured man and a black man in that picture. Come what is wrong with folks like you? Still thinking white men are the cause of your problems?

U dey mind the Zombie?