₦airaland Forum

Whatever diatribes our folks in the diaspora continue to heap on our country

is a minute fraction of the insults we heap on ourselves sitting on our backsides

and wringing our hands in the face of bad and inept leadership. I am not talking

about the insults from our leaders and politicians. And Nairaland cyberwarriors

Let us not all rejoice. For commuters on the Apapa Oshodi Expressway, I wish to

remind you that for some time now, Borini Prono has been the contractor handling remedial works

at Westminster and on the other side going towards Mile 2 (Trinity). Each stint of service lasts less that a

week and it takes almost the same period for the portion to fail again.

I really do not have confidence on them again.

In PDP, nothing is impossible. They should bring Ladoja back and make Akala his deputy

and then bring Adedibu back. I do not think Oyo people will tolerate this nonsense anymore.

The man should be wearing sack cloth as a sign of penitence. All this gra gra will

come to pass. The man is yet to realise that this is for real. Is Kirikiri the only

prison in Nigeria?



This is the beginning of the end for PDP. I just pray they make moves to get him

out. You can see they are confused. That is when the come will come to become

to quote the late KO. With more impending judgments, others will join Bode.

dis matter don finis now, you are beating a dead horse.

OLUTION TO LAGOS TRAFFIC IS ON THE WATER-

Oke Afa- Festac- Mile 2


Mile 2 Marina

Badagry, Satellite town, Kirikiri Mile2

Mile2/ Owode onirin

Owode Onirin Ikorodu/Epe

Magodo/Owode Onirin

Cms/Lekki /admiralty

Cms / Otto/Oworo/Ikorodu <Epe etc,etc

Get people off the roads and feed the traffic into centres like

Ejigbo /Oke Afa

Kirikir/Mile 2

CMS/Oworo/Owode/Ikorodu

Random thoughts, though

Mr. WALAKOLOBo

Let me be honest with you, they hear more than you, and

are you an authority on current events in Nigeria?

We are making him popular to for posterity and our youths of today to show that we should always

read between the lines. They should be informed that NADECO fought for for all that is good in the Nigerian

and espoused all that should make him a better citizen.

Dele always showcases his NADECO badge and we now have an opportunity to see him for what he really is.

@phuckNL

It is not a case of confusion, pease

At the expense of being repetitive, I refer you to this address.


http://www.supanigeria.org/index.php?option=com_content&task=view&id=20&Itemid=34

I have given snippets of that document and I request anybody who wants to see my point to read it first.

Surely, you start from the known to the unknown.

My argument is that Nigerians have not been told the truth about the state of affairs in the oil industry.

In the absence of transparency, all sorts of sharp practices are brought into play and this is where we find

ourselves today. I am not oblivious of the fact that oil is being imported but how did we reach this stage? Our

oil industry guys have taken us for a ride under the wings of a secretive and obnoxious official secrets regulation

that has denied us any information regarding this vital natural resource. In the process, there is no figure that can

be taken for a fact. In addition, official ineptitude has laid our refining capacity prostrate. In a bid to ascertain the

position of things, i came across this document which indicates that the 106% profit is on petrol, after the refining process.


In asking our leaders to commit suicide, we are pleading with them to it in trances. Repair the refineries now while your associates import

the shortfall. Embark on more local refining in a gradual manner and the subsidy will go down in the same manner. Do not do it in one

day. The best way to do it is :-.

1) You cannot seize the toy from the baby and expect it not cry. Let there be imports (inevitable),in the short term so that they could keep their

lifestyles; If not , these desperadoes will devise more diabolical schemes to bring down the roof.

2) You wean them gradually by substituting import with local refining capacity. It is defeatist and inefficient for you to import what you can produce and

by so doing, new business segments must germinate and these importers may now start looking outward- to export crude oil fractions and by products.


I believe that this is the best way to handle this issue . To do otherwise is to begin another series of needless disruptions in the polity. Ultimately, the

ordinary citizen , whose welfare is the sole purpose of government is made to carry the can . The savings from the subsidy goes into the pockets of others.

Finally, in the course of this thread, no one has indicated that he has read the document I am quoting copiously from. In the same vein, I have to date not heard of

any official documentation in respect of 'appropriate pricing' of petrol as that produced by these gentlemen. Surely, someone in the corridors of power must have had

access to this information but it has been ignored in the light of enlightened self interest

So dear sir, before you say I am confused, read that document.

That is democracy, my dear

Naija for show, awards now a thriving market.

@ Okeymadu

Very soon our own ABAMI EDA himself will write love letter for you.

Have the courage to say what you want to say. Nobodi dey c u.

quote from Courage
[b][b]
@ citizen Y
I'm not saying we should not refine our own crudeoil. All i'm simply saying is that to achieve and enjoy the real proceeds of deregulation, you need many player. Competition needs to intensify. Companies have to see a need and appetite to build a refinery. Keep in mind also that Building a refinery is not a joke. To build a simple refinery which only includes (Distillation column, Hydrotreaters, Fluid Catalytic crackers, Alkylation Unit,  depending on our specs) will cost above $1billions. This also depends on the capacity. How  many of these players can afford that kind of money currently?. Also if you going to invest that kind of money in a country (Nigeria) with high political risk, the economics have to be real robust to convince management. Where and how are they going to raise that kind of money? Don't also forget that it might take about 3 years+ before the product come onstream. How does the company make money on the short run? They have to import to satisfy current demand.
[/b][/b]

I have made several refernces and you may not have seen that thread.

Let us break everything down--

1) What is the cost of producing one barrel of cruse oil from exploration/, exploitation to the tank farm?
2) What is the cost of one liter of petrol ex works?

Let us not be deceived, the literature i am referring to at the beginning of this thread, gave indications that
even at 2005 rates, government was making 106% profit. In effect they were not subsidising anything.

If this claim is false let someone deny it. We are just being mesmerised by sweet nothings by NNPC and PPPRA.
They should be honest enough to give the bare facts and not .

If there is a profit of 106% and a price of N65 per litre, who is subsidising who?
If you import, you must pay all attendant costs and if the landed cost is above market price, the subsidy atises.

What we are saying is that our refineries should be made to work to give government 106% profit and employ Nigerians
and in the process avoid any subsidies.

NOBODY SHOULD PUSH DEREGULATION DOWN OUR THROATS WHEN THERE IS EVIDENCE TO SHOW THAT subsidy  DOES NOT EXIST.

We all know that you cannot buy a refinery off the shelf. What we are saying is continue your subsidy and give a time frame
within which you get the refineries to work.

Mr. Courage, if you want deregulation, you have must give proof that there is subsidy by giving the cost elements to produce 1 litre.
Start from there , establish if there is subsidy or not . Please do not listen to these guys in NNPC or wherever. No noe in NNPC is
ready to give you the costs /data . are you surprised that even production, export and other vital statistics are not correct?

Now this one?

quote from Courage
[b][b]
@ citizen Y
I'm not saying we should not refine our own crudeoil. All i'm simply saying is that to achieve and enjoy the real proceeds of deregulation, you need many player. Competition needs to intensify. Companies have to see a need and appetite to build a refinery. Keep in mind also that Building a refinery is not a joke. To build a simple refinery which only includes (Distillation column, Hydrotreaters, Fluid Catalytic crackers, Alkylation Unit, depending on our specs) will cost above $1billions. This also depends on the capacity. How many of these players can afford that kind of money currently?. Also if you going to invest that kind of money in a country (Nigeria) with high political risk, the economics have to be real robust to convince management. Where and how are they going to raise that kind of money? Don't also forget that it might take about 3 years+ before the product come onstream. How does the company make money on the short run? They have to import to satisfy current demand.
[/b][/b]

I have made several refernces and you may not have seen that thread.

Let us break everything down--

1) What is the cost of producing one barrel of cruse oil from exploration/, exploitation to the tank farm?
2) What is the cost of one liter of petrol ex works?

Let us not be deceived, the literature i am referring to at the beginning of this thread, gave indications that
even at 2005 rates, government was making 106% profit. In effect they were not subsidising anything.

If this claim is false let someone deny it. We are just being mesmerised by sweet nothings by NNPC and PPPRA.
They should be honest enough to give the bare facts and not .

If there is a profit of 106% and a price of N65 per litre, who is subsidising who?
If you import, you must pay all attendant costs and if the landed cost is above market price, the subsidy atises.

What we are saying is that our refineries should be made to work to give government 106% profit and employ Nigerians
and in the process avoid any subsidies.

NOBODY SHOULD PUSH DEREGULATION DOWN OUR THRATS WHEN THERE IS EVIDENCE TO SHOW THAT IT DOES NOT EXIST.

We all know that you cannot buy a refinery off the shelf. What we are saying is continue your subsidy and give a time frame
within which you get the refineries to work.

Mr. Courage, if you want deregulation, you have must give proof that there is subsidy by giving the cost elements to produce 1 litre.
Start from there , establish if there is subsidy or not . Please do not listen to these guys in NNPC or wherever. No noe in NNPC is
ready to give you the costs /data . are you surprised that even production, export and other vital statistics are not correct?

Now this one?

They better form a choir. It will be bad business froming a rap group. As a choral group, they should

sing solo. That way we can hear beautiful music. The choreography and screen play/ backdrops should be

no problem for Becoomrich. With his google experience, costumes and make up will be no problem. They

should not allow him to sing OH.

I implore \Nigerians to start identifying who our external enemies are. Andy Young who hobnobs
with our leaders and does not tell them the truth is not worth listening to. I take his comments as
just one of those public speaking cliches

More disappointing is the fact that this guy has been associated with the great Martin Luther. I expect
that his evangelical calling and the vibrancy of the black consciousness movement should have gravitated him
towards calling a spade as spade. Alas, he was on the gravy train with American businessmen, chasing contracts
from OBJ and never had the temerity to tell him some vital truths. Even out of office, he is still hanging around. This
is the difference between Andy and Walter Carrington.

Andy, we hear you, but it is too late, you have been away from the pulpit for too long.

This threaD IS A WASTE OF TIME.

The beginning of the end

@Mr. ODOGU

My guy,

With this type of write up, I hope you are preparing to campaign for yourself in 2015.
I am advising to you to start thinking of it if you have not done so before.

All you have to do is to make write-ups like these , cut and paste, in the usual manner.
Just show us how you publicised Uduaghan. It is a stepping stone. Just make sure you
do not cut and paste any pre-2007 items.

I will vote for you in 2015. If you don't stand for election, we shall write petitions to Uduaghan
and James. I only hope that another cousin will not be in line.

More grease

Edikan, You will find him either in Akwa Ibom or Abuja but certainly not around Wadata House.

Ogbulafor will not admit him because your suggestion is another name for blasphemy. Ask

ex -wannabe's like Gemade, Nwobodo , and co. Things have not changed there since the time of OBJ.

Mekuslogan has selected Soludo as governor of Anambra state.

When are we coming for the inauguration?

I suspect that Jomo Gbomo is surreal and if he exists, his weapon is his
communication skill. He cannot surrender that. Maybe he will put it to other uses.

like- PR,public speaking, MC, wax a record, DJ or show host 8)