tuale4u:


The IPOB guy did not understand the budget. let me help him explain. I work in oil company.

1. The Federal government budget is the Budget of the federal government alone. Not the Budget of the country.
Thus from the Nigeria sharing formula, the Federal government takes about 54% of the total oil revenue accruing to the country (Nigeria Federation).

2. Most of the oil production in Nigeria are JV and PSC. Using the JV template, Nigeria (the federation not Federal govt) only owns 60% of the oil produced and the Oil companies owns the remaining 40% of the oil produced per day .

thus the 2.2 million per day, only 0.6*2.2million=1.32million belong to Nigeria (The federation).
thus the 820billion naira is only the 54% for the federal government of the total oil revenue accruing to the government from crude oil sales.

Federal govt share (Potential) = 0.54*1.32million=712,800 per day.

3. The actual average production per day is about 80% of the Potential production
this is because of 20% shutdown for maintenance, unplanned shut downs, pipeline vandalisation etc.

Thus the Federal govt actual average production per day = 0.8*712,800=570,240.

4. Today the average cost of production per barrel in Nigeria is about $18 per barrel.
Actually some onshore field cost are as low as $10 per barrel while some deep offshore and shallow offshore cost are as high as $25 dollar per barrel. Today more than 60% of Nigeria crude are from Offshore. thus using an average cost of $18 per barrel is realistic.

Thus out of the $38 dollar per barrel price of oil, the net revenue to the govt is about $20 per barrel.

thus the expected revenue to federal government from direct sales of Crude oil in 2016 is:

= $20 *199naira/1$ *570240*366*billion/1000000000= 830billion naira


From my estimation the Federal government expected revenue from direct oil sales is about 830billion naira which is very close to 820 billion naira estimated from federal government.


However, this is not all the federal get from having oil in this country. The oil companies pay company tax in hunderds of billion of naira.
But the govt choose to call it company tax because other companies that are not oil companies pay tax too. However the company Tax of oil companies is about 85% of their profit. Thus of the about 1.5 trillion naira expected revenue from Company Income Tax (CIT), Value Added Tax (VAT), Customs and Excise duties, and Federation Account levies, about 50% of it are coming from oil companies.

Thank God that even from your wrongly cooked up figures you can still notice a massive fraud. Btw, when has N830b and N820b become very close? Liars and cheats!

The Zoo-niGERia is full of liars and lieing govt.

With respect to the recent Budget presentation by the Nigerian Junta Head, Gen. Mohammed Buhari for the 2016 fiscal year, the Coodinator of All Coordinators (COC) and the Spokesman of Indigenous People Of Biafra (IPOB), went on his facebook page to deconstruct Buhari's lies.

Excerpt: . . DECONSTRUCTING BUHARI'S 2016 BUDGET OF LIES & DECEIT----Part-1

According to Retired Major General Muhammadu Buhari:
"2016: Budget Assumptions;
After reviewing the trends in the global oil industry, we have set a benchmark price of $38 per barrel and a production estimate of 2.2 million barrels per day for 2016. In 2016, oil related revenues are expected to contribute N820 billion."

IPOB'S DECONSTRUCTION BUHARI'S LIES:

1 barrel of crude oil = $38
Estimated production per day = 2.2 million
Gross earning per day based on $38 per barrel = $83.60 million
Gross earning for entire 2016 (365 days) = $30.514 billion
2016 Gross earning in Naira (assuming $1 = N200) = N6.1028 trillion
But, according to Buhari, Expected revenue from oil = N820 billion
Difference between Gross earning and Expected revenue = N5.2828 trillion
Percentage of Expected revenue to Gross earning = 13.44%
Percentage of the Difference to Gross earning = 86.56%

QUESTIONS BY IPOB:
1) What is the total amount, per barrel, of crude oil that comes to Government after sales, that is, after removal of the cost of operation/production?

2) How did Buhari and his gangs come up with the 2016 Expected revenue of N820 billion when the 2016 Gross earning from oil, based on $38per barrel, will be N6.1028 trillion?

3) Can Buhari and his gangs explain what happened to the difference between the 2016 Gross earning and 2016 Expected revenue which stands at N5.2828 trillion? If N820 billion (13.44% of Gross earning) is the net, then is N5.2828 trillion (86.56% of Gross earning) the cost of production for the 803 million barrels?

4) Is Buhari with his gangs telling his Nigerian people that out of N6.108 trillion, Nigeria will only receive N820 billion? And if so, why? what happens to the remaining N5.2828 trillion or is that the cost of producing 803 million barrels of oil in the course of 365 days? If so, how did that N5.2828 trillion cost come about?

5a) Even if we go by the Expected revenue of N820 billion and crude oil production of 2.2 million per day for 365 days totaling 803 million barrel in 2016, calculations with respect to Expected revenue of N820 billion show a projected revenue of N1,021.17 per barrel or $5.106 per barrel (assuming $1:N200 ratio). So, is the expected net income that comes to Government for 2016 going to be $5.106 per barrel after selling the crude oil at $38 per barrel?

5b) Where is the difference of $32.894 per barrel going to?

5c) Is $32.894 the cost of overheads in producing one barrel of crude oil?

5d) If not, then into who's account, has this $32.894 per barrel gone?

IPOB is asking Buhari and his gangs!!! Source: www.thebiafratimes.co/2015/12/deconstructing-buharis-2016-budget-of.html

Aigbofa:


In your glorious new Biafra you will also determine what names people can bear?

...Indigenous People dont bear imported name especially as a surname......But that is NOT a rocket science na!

It has come to the notice of Directorate of State (DOS) of Indigenous people of Biafra that some elements are parading themselves as the spokesperson(s) of IPOB, hence giving order and making unofficial statement regarding the wave of peaceful protest that is sweeping across Biafra land, calling for Restoration of Biafra and unconditional release of the leader of IPOB and the Director of Radio Biafra Mazi Nnamdi Kanu including others in various prisons across Nigeria.
The self appointed spokesperson(s) of IPOB who called for the suspension of the protest across Biafra land have no mandate whatsoever to make such statement without reaching to those that have the mandate to do so. The Directorate of state want to inform the world and to Biafrans in particular that those appointed and approved by the office of Deputy Leader and that of Directorate of state (DOS) as IPOB spokespersons are:
1. BARRISTER EMMA NMEZU
2. Dr. CLIFFORD IROANYA.
Any other person parading himself or herself as the spokesperson of IPOB is a...Read more from the link below; http://www.thebiafratimes.co/2015/12/biafra-peaceful-protest-across-biafra.html

It has come to the notice of Directorate of State (DOS) of Indigenous people of Biafra that some elements are parading themselves as the spokesperson(s) of IPOB, hence giving order and making unofficial statement regarding the wave of peaceful protest that is sweeping across Biafra land and other parts of the world, calling for Restoration of Biafra and unconditional release of the leader of IPOB and the Director of Radio Biafra Mazi Nnamdi Kanu including others in various prisons across n.iGERia.
The self appointed spokesperson(s) of IPOB who called for the suspension of the protest across Biafra land have no mandate whatsoever to make such statement without reaching to those that have the mandate to do so. The Directorate of state want to inform the world and to Biafrans in particular that those appointed and approved by the office of Deputy Leader and that of Directorate of state (DOS) as IPOB spokespersons are:
1. BARRISTER EMMA NMEZU
2. Dr. CLIFFORD IROANYA.
Any other person parading himself or herself as the spokesperson of IPOB is a...Read more from the link below; http://www.thebiafratimes.co/2015/12/biafra-peaceful-protest-across-biafra.html

Courtesy of the Dullard of Daura and his DSS - Daura Seurity Service.......Nnamdi Kanu is now an int'l figure and freedom for Biafra only few meters away........The trap Nnamdi set for the Zoo is what is called "I must get you to do my bidding"

chigo931:
The north knew that nnamdi kanu spoke the truth...and you know northerners,whatever that is against their selfish interest they try to harm.

That protest really got to them.

.....You are absolutely right. The Northerners and their South Wasterners, sorry South Westerners had always had this notion that we are NOT united and that we dont have 'quip' to abandon our businesses and go on continued protest and marches for several days but this protest proved them all wrong....They must now know and understand that Biafrans are united and will always remain united.

chigo931:
@tonyebarcanista come and read..

Tonye,I wonder the manner of idiocy that made you put up a write up that invoked hatred and bigotry in the minds of brothers.

.....Once an APC member always full of hatred against anything Biafra.

Nnamdi Kanu is right afterall. Zoo-niGERia is where even the obvious is denied....

ELTON123:
Make i park

You wan park find CHANJI?

IF Radio Biafra preached Hate.......What was Radio Chanji preaching? What did Radio Kudirat Preach? Its obvious that the reason those 'one Zoo-niGERia elements' accused Radio Biafra of preaching hate was because it was a unifying ground for all those that makes up today's Biafra. The unification to those Zoo elements means hate because its defeats their divide-and -rule antics. We are wiser now.

BIAFRA AGITATION AND DIVIDE-AND RULE ANTICS
.
“I freed a thousand slaves; I could have freed a thousand more if only they knew they were slaves.” —Harriet Tubman
FOR weeks now, the issue of Biafra agitation has been at the front burner in the polity. Every vendor’s stand has been turned into a theatre of arguments by free readers and potential customers, who spend hours analysing the fresh Biafra movement being propelled by the Indigenous People of Biafra, IPOB and Movement for Actualisation of Sovereign State of Biafra, MASSOB, via peaceful protests.
The social media was not spared as it has been inundated with intellectual fireworks by proponents and opponents of the Biafra struggle. Almost every known and unknown columnist has written in support or against Biafra’s resuscitation by the promoters of IPOB led by the illegally detained Director of Radio Biafra, Nnamdi Kanu.
I have been prompted to express my thoughts on the Biafra agitation by the dimension the argument has taken, especially where spin-doctors who are known agents of divide-and-rule have gone back to their usual work of dividing the indigenous people of Biafra. The major aim of these divide-and-rule elements who tend to cry more than the bereaved is to use the instrumentality of the media to tag the Biafra agitation an Igbo “affair”. The irony of the debate is that majority of those divide-and-rule advocates who have sworn to keep inciting Biafrans against each other are non-Biafrans.  I think the future or restoration of Biafra should strictly be left for indigenous people of Biafra to decide.
I would like to expose some of the antics of these divide-and-rule agents who only want to keep enslaving us by creating division amongst us. The following thought-provoking questions would help in highlighting the points of my submission: Why is the major ethnic groups in Northern Nigeriaare always referred to as Hausa/Fulani—giving the impression that they are one indivisible people, instead of Hausa and Fulani? Why do we have South-South as a geo-political zone carved out of old the Eastern Region, but there is nothing like North-North in Northern Nigeria? How did the creators of this South-South mantra come about something that questions all the principles of geography? How come there is Niger-Delta in the South but nothing like North-Sahara in the North? Why is there one Northern Governors Forum in the North, but coming down Southern Nigeria, we have South East, South West and South-South Governors Forums? Why do we always hear about Northern Elders Forum and 19 Northern states as one socio-political bloc and one North,but we hardly talk of Southern Elders Forum, 17 Southern states or one South? Someone should put on his thinking cap over this.
The Yoruba, one of the major tribes in Nigeria, has roots in North-Central states of Kwara and Kogi—which are outside Yoruba-dominated region of South West. Yet Yorubas in Kogi and Kwara are all seen and respected as full-fledged Yoruba-speaking people with their rights and privileges protected in line with Yoruba customs and traditions. There is nothing like Kogi and Kwara Yoruba being inferior to Yorubas in Lagos or Ogun or other South-Western states.
In line of this thought process, why would divide-and-rule propagandists keep on referring to Igbos in Delta and Rivers states as not being “real” Igbos by branding them Delta or Rivers Igbo with the sole purpose of creating division between them and their brothers and sisters in the South East? As a result of years of propagating these wicked falsehood and deceits via the media owned and run by divide-and-rule proponents, these baseless conjectures and unproven innuendos have ended up sinking deep into the psyche of majority of Igbo people from these states born after the civil war, who now ignorantly view their brothers as strangers or even enemies!
If Yorubas in Kogi and Kwara states are “true” Yorubas like their brothers and sisters in Osun and Ekiti, why on earth would Igbos in Rivers and Delta states—who are of Igbo origin, bear Igbo names and speak its languages– be made to believe unconsciously using the media that they are “half-caste” Igbos in other not only to divide old Eastern Region but to limit the so-called “real” Igbos to five states of South-East—thereby consolidating and deepening the seeds of division and discord in the region. Could the ill-conceived purpose of this segregation and creation of anti-geography mantra called South-South be to reduce the size of Igbo-speaking people in the old Eastern Region or to continue referring to South East as landlocked?
Unfortunately many of our brothers and sisters born during and after the civil war unknowingly bought into this gimmick. The emergence of Radio Biafra has helped to deconstruct this mountain of falsehood and deflate the balloon of fallacies bandied by divide-and-rule campaigners who now termed the undiluted and unalloyed truth emanating from Radio Biafra as “hate speeches”. What an irony!
I have asked these questions several times without getting reasonable answers: Why do we have BBC Hausa Service broadcasting in the Northern Nigeria and there is no BBC Yoruba Service and Igbo Service or Ijaw Service broadcasting in the West or East? Who is afraid of Radio Biafra? Could the difference between BBC Hausa Service and Radio Biafra be that one is propagating divide-and-rule antics-cum-born-to-rule ideology, while the other is championing restoration of rights of Indigenous People of Biafra via self-determination as enshrined in the United Nations Charter? Where were those anti-Radio Biafra elements when Radio Chanji set up by the APC apologists in the North before the presidential election for the only aim of inciting Northerners against President Goodluck Jonathan by heartlessly misinforming them that President Jonathan and General Ihejirika were the ones funding the dreaded Boko Haram—the same insurgents they were fighting?
Former President Jonathan lost the last presidential election as a hero but the campaign that preceded the election unified the entire old Eastern region for once since after the Nigeria-Biafra civil war. The 2015 presidential election result showed clearly that Jonathan got 80 per cent of his votes from old Eastern region, the remaining 20 per cent votes were given to him by Biafrans residing outside the old Eastern Region.
It is on record that Igbos sacrificed a lot to ensurere-election for Jonathan during the campaign not because of government patronage they were enjoying—of course an average Igbo man doesn’t need government to survive but as a result of the umbilical cord intertwining Ijaws, Ibibio, Igbos, Ogonis, Uhrobo, Efik and other ethnic nationalities that make up old Eastern region together. The Igbos voted en mass for Jonathan to entrench justice, equality and fairness in the overall interest of old Eastern region in particular and Nigeria at large.
For my brothers and sisters in Ogoni, Ijaw, Enang, Efik and other ethnic nationalities that make up the so-called South-Southzone, who are still under the spell of divide-and-rule propaganda by believing the concoction sold to them by those who want to continue to enslave us that Igbos are their problem. Can I ask the following questions: was he an Igbo man that killed Ken Saro Wiwa?Who murdered Isaac Idaka Boro? Who ordered the invasion and massacre of thousands of innocent people in Odi town of Bayelsa? Why Northern Nigeria does normally referred to as one North irrespective of hundreds of tribes in that region, yet we allowed ourselves to be divided into states and villages?
What is the ethnic affiliation of those in control of eight-three per cent of oil blocs in Niger-Delta, how many of them are Igbos? Weren’t the same people who are trying hard to divide us now conspired to remove your son, President Jonathan from Aso Rock? Why would we remain in perpetual slavery by allowing outsiders to divide us by rewriting our history for us? The time has come for all lovers of freedom and prosperity in old Eastern should to stand up and be counted. There is a time when silence is no longer golden.
Mr Nwobodo Chidiebere, a political analyst, wrote from Abuja...........http://www.vanguardngr.com/2015/12/biafra-agitation-and-divide-and-rule-antics/

abouzaid:
i have two mentions but only saw one which means that they have deleted it.can i follow you? i have a plan for people of like minds.

....You are highly welcome nwannemadu. Nwachineke

Why is the word "Biafra" giving lots and lots of South Wasterners, sorry South Westerners and their cohorts sleepless night? I particpated at the Aromi junction to Enugu state march-rally and i must confess that i have never seen the kind of love that exist amongst Biafrans anywhere on earth before. Never experienced anything close to that before. These stories about Igbos hating themselves is fake except if its Zoo-niGERia-Igbos that hates others but definitely NOT Igbo speaking Biafrans.

abouzaid:
if i talk now they would ban me again but one i know for sure is that at this rate, naira must sell for atleast #300 to a dollar by next year end. those moderators banning me, how much do you spend now buying things online compared to what you spend before may29? you guys should have a rethink of your banning policy. i have never insulted anybody here so why do you keep banning me for been pro biafra? we're your customers o, if you drive us away, lai Mohammed won't invite you to his next meeting with bloggers.

....So its NOT only me that they ban for my Pro-Biafra stance? Well! them go tire. I remain a proud Biafran till the end. "Thank Chukwu Abiama that i have neven been a niGERian. I maybe in the Zoo-niGERia but am not of niGERia.............Holy Book"

basilo101:

And what stop them from killing other ppl's leaders and leaving the ordinary citizens out of their madness? and have u forgotten that Nzeogwu is from Midwest while adewale ademoyega is from west??

.....Are you not surprised that in 1966-70 they claimed that Nzogwu was an Igbo man but same people are now claiming that he and his people are no longer Igbo today but a South South person. Is that funny?

shinebabe:


I've just seen the video. KANU actually took a spanking from those Igbo elders in that meeting.

....When has some members of Worild Igbo congress became Igbo elders? Abeg receive senses. FYI, dont be fooled. These people wont have invited him as their guest speaker if they are not in support of his aspiration.

Lanretoye:
I'm sure by the time those DSS guys are done with him,if he hear IPOD or IPAD,even Iphone self he no go stop for finish line.

......FYI, Nnamdi Kanu has been arrested and detained by the DSS over this same Biafra agitation for 3 months. He was kept in solitary confinement then. If in any doubt, then ask FESTUS KEYAMO because he was his Lawyer then. Infact, it is even the arrest that radicalize him and made him say no going back on Biafra. So, try another line next time....

kaakulator3:


SSSSSSSSHHHHH IPOB 1DIOT.

I DON'T GIVE A F.U.CK. ASHEWO LIKE YOU WANTS TO TALK ABOUT HISTORY

YOU HAVEN'T ANSWERED MY QUESTION.TELL US WHY YOUR PEOPLE WERE REJOICING AFTER THE COUP?

How many times will i answer one question?........i repeat the answer to your question again...... "If I were you, i will try to listen to the interview that BBC granted the Saraduna of Sokoto in 1956 and you will know that the mass murder of Igbos in the North in 1966-1970 has nothing to do with Coup and its outcome. The interview is on Youtube. Malu"

eye4eye:
Here is the potential terrorist asking for weapons to kill his fellow Nigeria citizens.


https://www.youtube.com/watch?v=1XU2JtlUF6M

Kanu must not be released for life. He must be kept in prison to rot and peme there. He is a danger to the society.

......OH! So he is just a Potential terrorist? You mean that you dont know that Buhari who you hail daily is the father of Boko Haram terrorism is in the Zoo?....El_Rufai. Hope you still remeber this attack on Boko Haram is an attack on us northerners and sponsors of Boko Haram terrorism... Btw, when has soliciting for Guns and bullets for self-defense become a crime? When Buhari transfered Boko Haramite prisoners to the East to kill us, what was he thinking? That we will not look and ask for Guns to defend ourselves? FYI, we are not ignorant of the devices of the Zoo govt led by Buhari against us.

kaakulator3:



YOU AND WHO WAS HAILING OBA OF LAGOS AND EVEN IF I DID, ITS JUSTIFIABLE

WHERE WERE YOU WHEN YOUR COHORTS WERE MOCKING NORTHERNERS IN THEIR REGION AFTER THE COUP?

Its justifiable when done by an amala eating Yoruba person -Oba but becomes a crime when done by someone from the East? If I were you, i will try to listen to the interview that BBC granted the Saraduna of Sokoto in 1956 and you will know that the mass murder of Igbos in the North in 1966-1970 has nothing to do with Coup and its outcome. The interview is on Youtube. Malu