₦airaland Forum

khenykhey:
Wawu! This one is a chronic perv. konji na bastard.

Today is my mums birthday, can i get over a 100likes??

No you cant

wizzyrainy:
Wisdomuzoma75@gmail.com

Why re u giving me ur email?

Saimeritus:
sent,forward to the others

Thanks bro.

wizzyrainy:
Wisdomuzoma75@gmail.com

Why?

Saimeritus:
Drop ur email address dear

Chiscomax452@gmail.com

Na me get this space, when e reach fp I go come modify am.

Please how can I get aptitude test past question for Chevron?

MattChidi:
I'm an Agricultural Engineering student of FUTO. . .I need a 6months IT placement in either Lagos/ph/Abuja or ogun state.

My fellow futoite, u Don dey hustle ur own too? LOL

I get it. You guys are a few of the Pained!

And number 27 is?

peterg1759:
How many of the billionaires have first class?
How many of the inventors were first class graduates?
Academics and life challenges aren't the same.
Mind you, Bill Gates wasn't the best in his class before he dropped but the best student of that set is a worker in MS while Bill Gates is the owner of MS.
I'm not condemning the degree but don't make it look like its the first step towards having a first class life.
Tony Blair, former British Prime Minister graduated with third class.
What can you say about that?
I think Soyinka too has a third class abi?

At the end of the day, first class holders will serve under 2.2 n 3rd class holders n Illiterates. Do you know why,
First Class graduates are not talented or creative or innovative and the today world is just about that.
Get a skill and pay the bills.
Messi didn't go to any school but can afford to pay all the first class graduates in the world.
that's a big shit nigga

You are misleading!

Etfash:
I attended 1 & 2 and in that order (First and Second degrees). Personally, I will say both schools have similar standard of education but, i prefer Unilag. My reason is simple: You are shown what to do with what you know in Unilag!

Please tell me, what two degrees did you obtain? You must have a lot of patience to go for a second degree.

iRep FUTO.

My name is David and I am a student of FUTO studying Mechanical Engineering. Please, I would be grateful if I can get a placement for my 6months Industrial training which will Commerce from April 2016. LOCATION: Warri/ Port Harcourt Thanks.

Odoemacyril:
woooow

Man O War... Congrats soldier!

emmasege:
@OP, did you mean honorary doctorate degree? Pls clarify. The last time I checked the award of honorary doctorate degree in Nigeria was exclusively meant for the money bags & not necessarily for achievers, while the REAL DOCTORATE DEGREE was for the 'akadas'.

You just spoke what is in your mind. It's OK, I understand how relieved you feel right now.

NurseMe2:
Lemme correct sm of ur lies
-There is ntn lik blocking her line except u barred ur phone frm rcvin general cals.
-U can't go to a fast food n order without paying as u collecting ur request
-This can only happen in a bar. N it's depends.
So fool ursef only.

Perhaps you know nothing about technology. You can barr a particular number from calling you.

mizquote:
they might b her brothers or just casual platonic frds.

Buh his anger is justified.

SMH

marioioidp:
Wow... well... Hussle na Hussle... Do your thing gal

My beard oil works magic. Grow long, soft and fresh beards... I just started growing mine 2 months ago, and you can see the result on Instagram @beardgang9ja. do check me out. Also... place an order by calling 08098214914. I deliver anywhere in Nigeria... Limited offer!

Is it to shave or grow beard?

TonyeBarcanista:
Sir, you want give me job?

I was asking because of your degree on intelligence so, do you mind?

TonyeBarcanista:
For about two weeks or more Nigerians have been wailing and crying over the scarcity of Premium Motor Spirit(PMS) otherwise known as petrol or 'fuel'. Since the whole drama started, I've been silently observing reactions of people. Most commentaries on the issue were more centred on the effect of the problem and not the problem itself or the solution to the problem. Even prominent Sai Buhari fans were not left out. How do we address a problem when our interest is on the symptoms and not the problem? What is the problem of this fuel scarcity? What is the solution? This I shall address in this article.

The Problem? Petrol Subsidy Is...
Every year, a large chunk of our scarce resources is spent on subsidising 48 million liters per day just to 'relieve the masses burden'(in quote). According to the fmr minister of finance Ngozi Iwaela, Nigeria spent a whopping N2.3 TRILLON in 2011(yes, N2.3trillion) in the name of petrol subsidizing the product at N80 per liter(while the masses buy @N65 per liter). Between 2012 and 2014, Nigeria spent an average of N1trillion every year on this subsidy payment. As at today, Nigeria is made to cough out N619 million everyday to PMS marketers in the name of subsidy payment. Yet, how many Nigerians buy this product at the subsidised rate of N87 per litre despite the exorbitant amount paid to marketers?

The problem is not just the exorbitant amount paid on subsidy, there is also the problem the fraud and manipulation perpetrated by petrol marketers and their friends/allies in government that shortchange the public. These marketers will always file payment invoice to the government even when some of them don't supply the said product. In fact, it is an open secret that some of them divert the product to neighbouring countries and still file for claims of payment.

There is the third problem of sabotage by marketers and their accomplices. They deliberately hoard some of the product so as to sell them above the approved price(like what is being experienced) after creating artificial scarcity and panic buying in order to make more money. Instead of buying at the approved price of N87/ltr, the masses are forced to pay between N150 to N300 per litre for the same product. This loss is different from the billions of public fund that the marketers directly shortchanged the government. In addition to this, valuable manhour is wasted on filling station queues by citizens that want to buy the product.
This is the reason behind the present scarcity of the product that we are experiencing for over two weeks.

The fourth problem is that of blackmail. What led to the fuel scarcity in April/May this year? The marketers after being paid N350billion, N31 billion and N154billion, came up with another N200billion request for payment. Their claim was that N159billion (of the N200billion) was for "exchange rate differential". The government said they won't pay until they verify the claim, the next day booooooooom! Fuel scarcity. As usual, Nigerians curse the government instead of looking at the issue.

A painful part of it is that nobody get convicted for the aforementioned crimes. In fact, the goats are quite aware that irrespective of the yam they eat, nothing will happen to them.

The Past Administration Missed It...
Let us recall that before the 'subsidy removal' in January 2012, the open market price of petrol was N138.59 per liter. The government was paying N73 per litre on subsidy while the masses were made to pay N65 per liter. The government of Jonathan on January 1, 2012 would later remove the subsidy completely because "it cannot be sustained" as claimed by the government. Protest and agitation ensued. The masses argument was that a 100% rise in the price of the product without palliative to ease the attendant suffering will only increase their suffering. The government on the other hand maintained that the subsidy can't be sustained. Eventually, there was a compromise. The masses were to pay N97 per litre while the government pay N41 per litre for the subsidy.

As God will have it, the open market price of the product dropped to N89.84 per liter in January 2015. A price lower than the subsidised N97 per litre as at then. The government was presented with an opportunity to end the subsidy regime while Nigerians will be paying N89.84 per litre for the product, a price lower than even the 'subsidised' product of N97/ltr as then was. The government instead chose to keep the subsidy by reducing the price of the product to N87/ltr. Let me quote the PPPRA's Executive Secretary, Farouk Ahmed


Was there any wisdom in keeping the subsidy at N3 per liter at a point when Nigerians can pay N90 per litre, a price lower than the then subsidised rate of N97 per liter? It is my opinion that Jonathan's government missed it.

The Solution? Subsidy Should Rest In Peace
As at July 2015, the landing cost of petrol was estimated at N123 per litre, while the open market cost of the product was pegged at N138 per litre. This means the government paid N51.6 per litre at N87/ltr pump price, ie spending N2.8Billion daily to service the subsidy of 48million litre per day.

As at September 10, the landing price of the product dropped to N93.93 per litre while the open market price was put at N109.42 per litre. With the pump price at N87 per litre, Nigeria is coughing out N22.42 per litre to service the subsidy and costing us N1.07billion daily on 48 million litre. (See Sept 10 publication of GUARDIAN)

As at October 20, the expected open market price of petrol was pegged at N99.9 per litre. Meaning we pay N12 per litre on subsidy at N87 per litre pump price. That is N619.2 million on 48 million litre per day. (See Oct 20 publication of Daily Trust)

I believe that the N99.9/N100 per litre is not so much for Nigerians to pay in order to end the madness and fraud associated with the fuel subsidy. It is a better option than financing the fraud perpetrated by marketers in the name of subsidy. It is better for the market to be open and regulated than condoning the act of hoarding the product aimed at panic buying at ridiculous price. Did I say it will also save the government N619million daily and N18.58billion monthly? Yes, that's what will happen. The N18.58billion that will be saved monthly will go a long way in financing capital infrastructures(especially the refineries), as well as empower the security of pipelines and other facilities.

Today, Nigerians are being subjected to paying N150 to N300 per litre for 'subsidised' petrol plus wasting manhour in petrol station simply because of some marketers' greed. It is time to separate the goats from the yam(thanks to our GEJ's Goat and Yam theory). Let us see which marketer will deliberately hoard and sabotage his own business in an environment of stiff competition when there is no hope of 'free' government money.

To members of the two main political camps(APC and PDP) that are always quick at uttering words such as "e be like say them don pay dis barcanista" "shey barcanista don port to APC?", I want to remind you all that Nigeria is not not just about PDP and APC fanaticism. I may have my own financial challenge but I have never benefited a kobo from any politician. My position is necessitated on the need for a progressive opposition and better Nigeria that we all will be proud to live in and call our own. Abeg, nobody pay barcanista shi-shi, and I am not interested in patronising any group for selfish gain




May God Bless Us All and Bless Nigeria

What course did u study?

pretydiva:
I love his response. Dunno when people would learn 2 mind their business n stfu..

His acct Bal wil b able 2 feed n cloth those amebos alongside their parents n generation yet unborn

Your comment is provoking. Don't say what you don't know.

Shut up you scam

Life na jeje

chrisbaba1:
Many women treat other peoples children with contempt. This is barely news unfortunately. I don't know if its a Nigerian thing or women in general. If the man complains he will be called adulterous

You deserve a chilled beer

Barca can use people do training ehn

Breaking New
The La Liga football governing body wish to bring to the attention of all football fans that the attack on Madrid by ISIS is deeply regretted. However, the three suspects: Neymar, Suarez and Bravo are under investigation
Source: BBC

CaroLyner:
you didnt come to my school like you said.

Hi lady, I must yarn my mind... are you the one on your profile? if you are then, we have got a lot to talk about. Gerrat, u too fine!

h