₦airaland Forum

before we make comments, lets try and do a little research to understand why some of this things are the way they are. i don't like this government, but not everything done by them seems corrupt. now let me give you some details why it appears the NNPC and government still talk about Subsidy.

(1) The current Platt price of refined PMS is about $700. i.e 1Metric Tonne = $700. 1metric Tonne = 1,341Liters
(2) 1,341Liters * N145 = N194,445 $700 * 360 (current NAFEX rate) = N252,000
(3) the above means, if petroleum marketers import PMS at $700 per 1MT, they wont even make the cost price let alone any profit. also note that, this price does not include all other operational cost.
(4) since Jan 2018 (to the best of my knowledge) most marketers have not imported PMS. the government/NNPC have been importing and $700 and then sell to the marketers.
(5) they sell to them at about N117/liter (also note, this does not include operational cost.). the loss is the written off.

So the subsidy the government is talking about here, refers to loss they incur in trying to make sure petrol does not exceed N145. no money is paid to any company on like the previous regime.

And let me throw more light on the previous subsidy scam and why it was regarded as a big scam. many oil marketers did not actually import product, but they end up claiming subsidy one way or the other. some will import and send to neighboring country where PMS is not regulated and they will still claim subsidy. since the removal, does kind of company have vanished into thin air.

In summary, the Petrol we buy today is SUBSIDIZED. if the government should scrap "subsidy" we will be paying above N200.
Let's challenge the government to build more refineries and maintain the ones we have. that's the only way out of these mess.

This is the same reason why you have written JAMB 5 times and failed. Your father should just use you as Loan Collateral. Ewu!

pussygotlips:
this kind behaviour is common with igbos drunkards.


Reason why igbo girls will rather marry other tribe.

Chai her face really need a panel beater.

this news is very old. pls post something recent.

Please Take it. the most important thing here is that
(1) You have a job
(2) you are not going to beg anyone for your basic needs
(3) money can't buy the experience
(4) you get to meet different people and opportunities will definitely spring up.

i was also paid 60k as a fresh graduate in the Bank 6years ago and today i earn 5times more than that with other benefits. just start, learn and get a certification or a second degree. i bet you the Sky will be your starting point. Gob bless you

Then it was just Powder, now its heavy make-up

softwerk:


The woman looks much more younger than she was 25years ago

Only high quality sperm can do this miracle for a woman

For all those nairaland boys that only know how to send PMs.............Let me not talk!

oga use your brains now! ABSU is not a technological institution and as such don't offer the below courses. for your info, they produce some of the finest lawyers in the country. And why would you even bring ethnicity into this? Read more: https://www.naij.com/1097009-meningitis-7-facts-nigerian-late.html

MisterLomantic:
LMAO

15 out of 4447

The mumu pigs and idiots no know book whereas FUTA in Akure already launched a satellite into space. Redeemers university students invented a 10-minute malaria diagnosis kit. Chief Aderinokun's daughter is the best female Google developer expert in Nigeria. Yoruba boys are working on robots and making breakthroughs in education and business across the world

The idiots were busy celebrating common entrance and WAEC exams they passed through malpractices.

The only thing they kow how to do is operate baby factories and smuggle drugs

Yet he owes his workers 10 months salary.

zurich1010:
Igbos looking fresh with huge financial war chest from only 20 pounds after the war. If you don't know, Ifeany Ubah oil and gas jetty in Lagos is the largest in Africa, and 4th in the world, estimated at $5 billion. He paid over 5 billion naira in taxes last yr to Lagos state government and employs over 5000 yorubas in Lagos only.

Lwkmd! u guys are hilarious. There are two sides to this issue.
1) The bank CEO can afford to pay 45MM as tithe, considering his position and its possible the said amount he paid is an accumulation of his tithe over a long period of time. Now this is a simple analysis to guild u.
The lowest the MD of any Nigerian Bank can Earn on a monthly basis is 9MM(+ other allowances) also note that most of them have their own business they control and run.
With this simply math’s n assumed figure, 12month tithe is 10.8MM + his allowances and private business. Also put in consideration the last time he paid his tithe.
2) Irrespective of what kind of church, I think that amount is quit much for the church board not to notice. Like someone pointed out, he couldn’t have give cash; it had to be a Chq, Bank Draft or a Transfer. I think it’s very important church discourage their member paying their tithe from ill gotten wealth.
To summarize it all, the EFCC has no right what to ever to arrest a Priest for the tithe someone paid in his church. The only thing they should do is to tell the church to return the money back while investigation is ongoing. Not arrest a Man God for obeying the commandment of God.