₦airaland Forum

monerozi5590:
Come to the North and see how Hausa guys hustle, not engaging in fraud and scamming people up and down. Come here and see dignity in labour.

GloriousGbola:
https://punchng.com/fg-eyes-2-5-million-barrels-daily-oil-production/

2.5m bpd

I guess maybe that's the breakeven point.

raumdeuter:
What is this thing Buhari and NNPC know?

raumdeuter:
That is left to be seen, There have been many projects that didn't achieve their initial aim but its left to be seen if the long run.

At a point we need local refining capacity, Buhari and govt thought helping Dangote will help the local demand. It remains to be seen

raumdeuter:
Dangote has the potential to be an FX earner and reduction in FX needs. Key word is potential.

If we can supply with enough crude after meeting our own income need. Dangote will not reach full capacity in year 1 or year 2. It will take time

Emaprince:
We can see how you and your brothers are enjoying the victory. Lmao

raumdeuter:
Nigeria has to produce crude for export to generate income for the country that is very important. Now any excess we give to Dangote and others to refine

If due to whatever reason e.g theft and co we cannot

Say we need to export 20m barrel to meet our income needs, Dangote needs 5m barrels. Until we are able to produce 25m barrel before we can satisfy everything. If we produce 22m, Our income need will take precedent, Dangote will get 2 locally and source for 3m barrels anywhere he can get it

raumdeuter:
I don't know why Dangote has to import crude, but i think importing crude is better than importing petrol

One the refinery will work and employ people even if na 500 or 1000 people that's some people off the unemployment lane

Versus we just import refined petrol alone

GloriousGbola:
I agree on the petroleum minister - but Obj set the precedent and when you see the madness that went on under diezani you will know why.

Unfortunately 234next that was reporting on everything was basically starved to death. No one would advertise in the paper.

_{When you curse Tinubu remember that the reason why newspapers can report a lot of things today is because an opposition rose and pushed pdp out.}

Diezani was giving oil blocks to Chris aire a celebrity jeweler. Then her shenanigans with Kola aluko and some other guy I forget. The woman was something else in kleptomania and matters were made worse by the fact that she was born with silver spoons sticking out of all orifices.

GloriousGbola:
It is possible there may be some respite if nnpc can sort out their shit and supply crude directly to dangote, but that remains to be seen.

GloriousGbola:
You have answered the question.

If nnpc want to take 20% stake and pay for it - why say no when you need the FX and also being part of nnpc will immediately eliminate all their nonsense red tape?

The onus is on the clowns at nnpc to get their shit together. One can only hope.

GloriousGbola:
maybe not so much intellectual dishonesty as intellectual laziness - or maybe everyone just convinced themselves that oil theft would somehow magically disappear or maybe no one wanted to tell the ogas at the top what they did not want to hear

or it is bleeped up project management where all the variables and risks are not thought through

GloriousGbola:
thats a chart of our production

i cannot say, because i dont know if oil theft can be really and truly brought down

ironically, that may be up to wicked wike.

izzou:
[color=royalblue]What are the issues?

The issues are Anambra's KPI in 2014, and how Obi put 50% of the populace in poverty.

Face the real issues, abeg[/color]

GloriousGbola:
dangote is importing crude because nigeria is not producing enough crude for export and internal use - because oil theft has been allowed to become a malignant cancer

it is one of teh ironies of Nigeria that we have to live with - Tompolo was being paid huge sums in what was basically protection money, but once he was declred persona non-grata, oil theft rose to a point where nigeria was producing at 50 to 75% capacity

it is only now NNPC is really attmpting to stem oil theft. before now it was just another source of money for task force and co.

so here we are.

izzou:
[color=royalblue]Wike na FCT Minister. E get why.

Shebi nobody get 25% in 2023, except Obi?

Just watch how 2027 go be.[/color]

seankafor:
Omo, it still baffles me how that rivers election take slide through those courts without anyone making any reference to it..

I commot cap 🧢 for naija for corruption

iamoyindamola:
Shogun ep3

GloriousGbola:
this is what you posted. and that was my response

GloriousGbola:
maybe it is because i am an engineer - so i know from direct experince that projects will never run within their timeline, no matter how much you plan, no matter the resources you throw at them. you have to continue to push tilll you get over the finish line.


the Lagos blue line and red line projects were supposed to be completed in 2014 as an example

i have also worked within a situation where the company was broke and we had limited moeny and had to completely neglect some parts of the business.

on a personal note

i have a client owing since november who have delayed ny payment for multiple issues accrual, we are under audit [ i just heard they had a fire in their server room and i freaked out]
i had a falling out with a client who we invested a lot of energy into at the expense of other opportunities
i have a contract which was supposedly in the bag since novemeber - but everyday a new requirement comes up.
i had an engagement that was supposed to commence in april last year - which finaly came through in december

all of these mean cash flow issues which will impact on plans and commitments

now take my expereinces and apply a geometric progreesion to them. that is how it is. yes you will plan and strategize. but there will always be one setback or another. you have to keep moving.

the irony is YOU know and understand all of this because you work in a business enviroment where targets objectives and aspirations are confined by budget/funding and operating enviornment .

iamoyindamola:
Na you no get am
They will submit to INEC na public i mean, if you they don't do fundraising why should they release how they spend fund
Moreover how many of the party have submitted audited report of how they spend funds since you have been following naija politics

iamoyindamola:
Not him but the people he put there
This comment deserve 100 strokes of koboko from the most ruthless Alfa

iamoyindamola:
Which law abeg, like prosper said PDP don't need to submit nada
Did they ask anyone for money?

In order to promote accountability and transparency in political finance in Nigeria, the political parties are expected to file three reports to the election management bodies, i.e. INEC. The first is the annual report. S. 86. (1) of the Act says “Every political party shall submit to the Commission a detailed annual statement of assets and liabilities and analysis of its sources of funds and other assets, together with statement of its expenditure including hard and soft copy of its list of members or in such a form as the Commission may require”

The second is election contribution report, S.90 (4) of the Act says “A political party sponsoring the election of a candidate shall, within three months after the announcement of the results of the election, file a report of the contributions made by individuals and entities to the Commission.” The third is the election expenses report. S.89 (3) of the Act says “Election expenses of a political party shall be submitted to the Commission in a separate audited return within six months after the election….”

Ellexy:
"I am for everybody and for nobody" said by a thief from Daura.

iamoyindamola:
The shaking hand buhari a fvcking mannequin had to help lift up

livelongprospa:
Atiku doesn't have to because the PDP didn't solicit for public funds if I remember.

Unless the rules state whether public or private, you have to release information

GloriousGbola:
https://punchng.com/2023-election-obi-received-n596m-donations-says-aisha-yesufu/

first you have another member of his team on record with a differnt account

https://www.vanguardngr.com/2024/02/n3-5bn-scandal-peter-obi-seeks-probe-of-labour-party-campaign-funds/




at least he admits to what you have been denying - that he is the defacto leader of the party. the buck stops at his table and he is ultimately responsible for anything going on in his party. we are still waiting for the audit firm to be appointed. any minute now . . .



Peter obi ran as atikus vice in 2019. he would have run again as his vice in 2023.

For the party (LP), I am a member of the party and they have chosen to say that I am the leader. What we need to do in the party and I have discussed it with the leadership is that we must now appoint a reputable audit firm to audit and be able to deal with the account of the part

GloriousGbola:
It is not apc members who are wilding out on social media accusing each other right left and center while Tinubu looks on helplessly, unable to maintain unit discipline and coherence

I can only hope his silence is not because he too is implicated in this.

https://punchng.com/understanding-new-campaign-finance-law-in-nigeria/

By law the presidential expenses of a campaign should not exceed 5bn

Maybe it is only businesses that are supposed to track their funding and spend to ensure they are not in contravention.

Your argument is that a political party should not have a proper framework for finance and a proper set of rules, but should be freestyled.

You are seeing the results of free styling in real time. Hopefully this mess will lead to properly laws of campaign finance going forward.

iamoyindamola:
These assholes joke too much about the situation
They feed on our tears and suffering

Now that gas is 1800 I am waiting for them to relate it to obi, even the binance ban can't save Naira but obi is the problem

One mugu even said we already pray and hope the country won't be better so na spiritual battle the country they fight now

Segedinho:
With a caption of

"Wetin elder dey see why sitting down,youth no go see am on top palm tree"