People still in doubt about the type of Nigeria Fulanis want us to live in where they remote control our lives from Abuja should know that our Mumu don do!
marryjesus: The Federal Government may increase the price of Premium Motor Spirit (PMS), popularly called petrol to a minimum price of N180 and above anytime soon.
Minister of State for Petroleum Resources, Dr. Ibe Kachikwu who dropped the hint in Abuja on Thursday, said the current price of N145 per litre can no longer be sustained.
In a presentation he made to a joint committee on Petroleum (Downstream) of the Senate and the House of Representatives, the Minister said the landing cost for petrol stood at N171 per litre.
According to him, the Federal Government, through the Nigerian National Petroleum Corporation (NNPC) has been bearing the cost of N26 per litre, representing the difference between N171 and the current official price of N145 per litre.
Insisting that independent marketers would not be able to import the product at the current foreign exchange rate, saying the marketers were able to sell for N145 per litre when the exchange rate was N285 per Dollar. The Naira presently exchanges for N365 per Dollar.
“We now have to go back and find the solution to this problem in order to ease supply gaps and ensure availability of the product at all times,” the Minister said.
Kachikwu, however, proffered three alternative solutions to pump price increase: getting the Central Bank of Nigeria (CBN) to introduce a modulated foreign exchange rate specifically for importers of the product; giving the marketers significant tax adjustments to enable them to absorb the high cost; and a plural pricing system whereby the NNPC would continue to sell at N145 through its numerous outlets while the marketers are allowed to fix their own price.
The Minister identified causes of the last fuel scarcity to include diversion of products, logistic constraints, bottleneck associated with clearance, bad road network, insufficient product reserves, smuggling through land borders, supply gaps and enforcement challenges.
He stated that the marketers stopped importing fuel since October 2017, as a result of their inability to access foreign exchange from the CBN, leaving only the NNPC to import the product, which has left a wide gap between demand and supply.
Dr. Kachikwu lamented that the price of petrol rises with the rise in the price of crude oil in the international, stressing that in such instances, Nigeria spends more to import refined products. In effect, any rise in crude oil price increases the amount the country spends on the importation of fuel.
To address the situation, the Minister canvassed the opening up of production lines, specifically the refineries, which he said, would address supply gaps that usually leads to incessant scarcity.
“Rising prices in international market affecting domestic prices. What the country needs is to have the refineries working. It’s a shame that after 40 years, Nigeria cannot produce its domestic consumption.
“It would take 18 months to address problems of scarcity, price stability and other issues relating to the supply of petroleum products. The pipelines should be concessioned to allow private participation.
“There is huge infrastructure deficit in the system because the NNPC ought to be distributing products through their pipes but most of the pipes are damaged. The has necessitated the use of trucks to distribute the product across the country.
“Most importantly, fixing the refineries should be the lasting solution. To discuss and address the issues, we have to seek approval from the President,” the Minister said.
In his own submission at the hearing, the Group Managing Director of the NNPC, Dr. Maikanti Baru said the last scarcity was caused by rumours of price increase in the media that led marketers into hoarding the product in anticipation of higher prices.
Said he: “So there was a frenzy in the movement of products to the hinterland and diversion of products going to the hinterland in anticipation of the increase in price.
“The NNPC, or the Petroleum Products Pricing and Regulatory Authority (PPPRA) had no mandate to increase pump price.”
The GMD said that the strike action embarked upon by PENGASAN in December was partly responsible for the scarcity, saying issues raised by the association for going on strike had nothing to do with the NNPC.
According to him, the strike triggered panic buying by members of the public leading to scarcity of the product. He added that although PENGASAN called off the strike on December 18, the damage had already been done.
Baru identified other factors responsible for the last scarcity to be the higher price at which petrol is sold in neighbouring African countries, citing Cameroun where he said petrol sells for N300-N400 per litre.
Stating that the NNPC has enough product to bridge supply gaps, Baru insisted the corporation has sufficient stock to go round even without importation.
The GMD alleged that about 4500 distribution trucks failed to return to depots to complete their distribution formalities during the scarcity period, meaning that the trucks were diverted.
“There was no supply gap because we have Direct Sale Direct Purchase (DSDP) agreement with 10 consortia involved. Three of them rejected their cargoes, which were reallocated to others.”
The GMD also hinted that the refineries in Kaduna and Port Harcourt were being reactivated and restreamed and that they have been producing three million litres daily.
Baru also cited disagreements among the various private operators in the sector as part of the problems that threw up the scarcity, adding that the marketers were busy trading allegations of sharp practices.
He said: “For instance, IPMAN said MOMAN and DAPPMA were charging over N133.28/litre but when we asked them to provide evidence of overcharging, they could not provide any. If proven, NNPC would have withdrawn the licenses of the errant bodies.”
The Executive Secretary of the Department of Petroleum Resources (DPR), Mordecai Baba Ladan told the committee that at the outset of scarcity, the DPR rolled out its machinery across the country, with the directive from the Minister that defaulters be dealt with.
“Almost every marketer/filling station across the country are defaulters. And if all defaulting filing stations were to be shut down, there may not be anyone left.
“They horde, sell above official price and also divert products. But we have stepped up our monitoring process now that the NNPC is the sole importer but the corporation cannot do it alone.
Virtually all the independent marketers that attended the hearing alleged multiple charges by the Nigerian Port Authority (NPA), NIMASA and some state governments charging 3 kobo per litre wharf landing fee.
The Executive Secretary of MOMAN, Mr. Obafemi Olawore said the N800 billion owed marketers by the Federal Government has made it difficult for them to obtain credit from the banks to import the product.
He appealed to the government to give key players major roles in the importation business, saying that shutting down errant filling stations won’t solve the scarcity problem but rather aggravate it.
Olawore called for total deregulation of the sector to allow more participants from the private sector.
Curiously, however, the chairman of the joint committee, Senator Kabiru Marafa who had vowed to grill the Minister and the GMD over secret subsidy payment by the government.
Briefing newsmen at the National Assembly on Friday, Marafa had raised questions on who pays the difference of the N26 in the landing cost of N171 against the pump price of N145.
The lawmaker said there were indications that a subsidy of N26 was being paid on every litre of petrol sold in the country and wondered who has been paying the subsidy.
Marafa had said, “If there is subsidy payment, then who approved it and how much has been paid out as the subsidy so far. If you want to provide the subsidy, it should come through the National Assembly but we have not received any request for subsidy payment from the Executive arm.”
Stating that about N10 trillion has been paid out as the subsidy, Marafa had lamented that stakeholders in the Petroleum industry, particularly the NNPC, have not been transparent in the running of the sector.
He said these were some of the issues the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, Baru and others would be made to explain to Nigerians at the January 4 hearing.
“We are going back to the same circle where only a few persons benefit from subsidy payment at the expense of the Nigerian people,” Senator Marafa had said.
Other members of the joint committee are Senators Tayo Alasoadura, Mao Ohuanbunwa, Sabi Abdullahi, Foster Ogola, Yahaya Abdullahi, Rose Oko, Philip Aduda among others.
That is why they created the artificial scarcity at Christmas to impose massive suffering on Nigerians so that nobody will resist their planned price hike.
ValUlasi: That's even where the poor live in the city and it still look like New York compare to your best in Ibadan and Osogbo. In your ibadan and osogbo it is still littered with mud houses and brown rustic roofs. Now compare the two.
Just looking at the picture, you can tell the attitude of the type of people raised in a neighborhood without private toilets.
ARROBA: Flights are landing. It is just that it is beign delayed (sometimes lands in Lagos before proceeding to Enugu) due to the harmattan.
Below is from Wilson Uche facebook post showing the arrival of the flights at Enugu Airport.I think he is the Etiopian Airline marketing manager based in Enugu
Oga mi, I know a flight landed today in Enugu and took the passengers who had been stranded since Tuesday. it's not today's flight that were referenced to in the previous post.
They diverted Enugu flights to Lagos on last Tuesday January 2nd 2018 and again on Tuesday December 26th 2017. They made a lot of people trying to fly out of Enugu last Tuesday stranded at the airport as they asked them to board a flight to Lagos or come back on Thursday (Today). They had suddenly diverted the flight to Lagos as it approached Enugu without even informing Ethiopian airlines. So we had to take back our already checked in luggage.
They also diverted the flight of Thursday December 28th 2017 to Port harcourt and then recalled it back to Enugu a few minutes before it landed in Port harcourt.
Only when fulani is killed, you see them issuing threats and saying air force will bomb perpetrators.
When fulani are killing others, they are laughing and carrying on like its no big deal.
Nigerians must either learn the doctrine of reciprocity and self preservation using village vigilantes watchdogs or they will all be liquidated by the herders sooner than lster.
Since the trains will benefit the north west specifically, you better know your northern President are it as a better use of his time than the death of infidels
ChimaAgbalajob: Rochas said the statues were to honor past heroes and inculcate a desire to be great in the young children.
Lets face it. Does it mean Rochas will not mould Sam Mbakwe, the father of modern Imo state? Nor mould Prof. Chinua Achebe, the father of African literature?
How come the only people he considers heroes are former politicians and some were known for their deep corruption (Obasanjo and the missing $16 billion for NIPP or $2.8 billion suddenly missing in 1978). Even Zuma is currently undergoing impeachment process in his country for corruption. Are these the types of people that we want the future generation to emulate?
Soon, we shall start erecting statues of coup plotters, armed robbers and other unfortunate characters responsible for the state of affairs today in Nigeria.
Only politicians are heroes in Rochas book. Scientists and other great achievers are nothing to him.
He will mould your statue if there is something to gain politically. That is why some undeserving statues must come down evetually
Shooting unarmed people protesting lack of security from fulani herdsmen. Meanwhile the fulani herdsmen killing Nigerians are given military protection?
Cooly100: Is there a way for the people to protest massively against the Ohaneze and the governors...as they told the youths to channel all request through them...and not any other groups...?
I think it is time to protest the deliberately mischievous and incessant disruption of operations at the airport. They now specifically target the only international flight and allow the local flights. Why? It overtly shows the plan here. I also hope those that dug those holes on the runway claiming to "fix" the airport are documented if any accident occurs there due to what they did on that runway, they need to face legal action.
Now they say it's "weather". Meanwhile, the same "harmattan weather" does not disrupt services in Kaduna airport located in the middle of harmattan region.
In any case, why not divert to the nearest airports of Owerri or Port Harcourt airports to minimize the stress on the passengers as they pledged to do in their public announcement?
ChimaAdeoye: Those wicked people. Their ultimate plan is to completely shut down the eastern airspace.
After shutting down Enugu, they will find an excuse to quickly shut down Owerri airport. Just like they shut down Asaba airport. Then their plan is to divert the traffic to Lagos, Kaduna and Kano
Very wicked evil people we share a country with.
These wicked people are still diverting Enugu flights to Lagos!
Didn't they say their runway "repair" was going to last from 22nd of december to 27th december 2017 and only after 3:00pm?
This is now January , 2018 and they are still diverting Enugu bound flights to Lagos and not even Port Harcourt as they stated in the announcement?
So, how will the passengers get to Enugu if they were not told they will be going to Lagos until the last minute?
Finally in utter desperation I prayed, "God, I beg you to show us the truth of who's contributing to this situation.
What is still saving our troops is that Boko Haram has not mastered the art of pincer attacks. https://en.wikipedia.org/wiki/Pincer_movement If not, our troops won't even escape. It is better to negotiate with those guys now and give them what they ask for. This regime is simply using Boko Haram as an excuse to continue stealing from the treasury to finance Buhari's re-election.
allhavesinned: Go read what I wrote earlier, I will be in Nigeria coming week and just hold on , be patient and you will see unbiased pictures from me . I AM NO FAN OR ROCHAS OR ANY POLICITIAN RATHER GOOD GOVERNANCE AND DEVELOPMENTS. Just be a little patient
No qualms. I will remind of of your promise. Thanks in advance for your effort to cover the areas you mentioned.
allhavesinned: Dont worry I will update this thread soon as will be in Nigeria, Owerri precisely to see things first hand. Meanwhile I was born and grew up in Owerri and I know the development and every corner in owerri and I witness Mbakwe Administration down to Rochas First Term. I will update pictures from below
1: Ikenegbu Layout and Extension 2. Aladinma/ Extension/Prefab/Extension/Uratta West/East Layout 3. Old & New FH and will update with MCC road From Savanah Bank to Eke MbegbuOha Market Uratta 4. Toronto Junction to Poly Roadabout/Aba Road 5.Mbari, Okigwe, Orlu, PH road and every hook of owerri capital 6. World Bank and New Owerri and Onitsha Road
I will also visit Rochas 27 General Hospitals and every thing will be shown here
Bros, Afonja or no afonja, please where are the pictures of dis and dat you promised?
Was it pictures of Minsk that you were referring to in that long post above?
sarrki: Just got call from wife of London-based Daniel Elombah of Elombah.com. She told me that at 4.00am this morning SARS operatives stormed their home, fired bullets in the air, terrorised their family members, threatened to kill them all and whisked away Dan, his younger brother Tim and two others.
When the SARS operatives were asked why they were doing all this they responded by saying that they were acting on "orders from above" and that it was because Dan had written an article which was critical of Buhari in his blog.
Saaruman: Deliberately import arms into the country for media show to create the impression that Nigeria is under threat as confirmed by buratai. Notice the plea bargain by the so called importers? Plea bargain from where? Expect more surprises in coming days by Nigerian govt.
Employ actors with arms and dangerous weapons then tag them IPOB members. They will employ some to go about killing innocent people. Then these actors will be arrested and showed to the media with Biafran paraphernalia and IPOB clothing. This is for public show to potray IPOB as terrorist they so desperately want. But in they end, these actors will be released through the back door to enjoy the huge sums giving to them by the govt, only for them to be killed in a staged armed robbery attack to bury the secret.
Use the above information to deceive the Nigerian population and militarize the whole country, especially southern Nigeria under the guise of security.
I CAN CATEGORICALLY TELL YOU THAT THE SO CALLED ARMS SEIZED BY CUSTOMS IN LAGOS PORT WAS A HATCHED JOB BY BUHARI'S GOVT TO MILITARIZE NIGERIA!
Note of warning; if someone approach you for acting job promising huge sums of money, reject it and RUN FOR YOUR DEAR LIFE!!!
Watch-out for more in coming days!
Nigeria is a rogue state. They have been importing arms and looking for all sorts of ways to tag IPOB a terrorist organization. The world is gradually understanding the rogue nature Nigerian state operates.
APPEAL FOR AN ORGANIZED TAXI CAB SERVICE AT AKANU IBIAM INTERNATIONAL AIRPORT
I wish to appeal to Enugu state government to look into the manner which taxi cab operators at AIIA, Enugu operate.
I personally observed that some taxi cab at the airport were not registered, hassle passengers like motor park to enter their vehicle. The worst part was that i picked one for an interstate drop with a relative who arrived at the airport. The cab driver first took us to a house and stayed more than 40 minutes inside the house! I was so uncomfortable because i feared i was being set up for robbery, yet could not call anyone to complain or report the cab driver because they didn't really have a union at the airport. I thank God that eventually i got to my destination safely.
If as a Nigerian who can fluently speak Igbo, i felt so unsafe, Imagine what foreigners experience would be like. If it's a tourist, would they return?
I am using this media to appeal to those who are in a position to do something to work towards organizing the taxi cab system at AIIA. If we want the place to be safely used by Nigerians and foreigners, we must get the taxi service at the airport well regulated so that passengers can safely pick any cab at the airport to any destination and do so with confidence in their cab driver.
justsayemma: op just say we should stop d blame game , this your defense is too weak. federal workers were not paid for some months , and money was borrowed to pay them, its a fact. about the issue of bracing up for hard times by NOI. your defense was senseless , it was a clear warning that we were heading toward tougher times. thank you.
Blame game is the ONLY thing left for the present clueless regime.
They have heavily borrowed in secret and squandered all the loans. They claim to have recovered billions from whistle blowing, yet, cannot account for one naira of the money. They have taxed Nigerians heavily, yet cannot point to one major infrastructure achieved in this regime.
Esseite: In as much as we are all in it together, it is very important to refute the claims and allegations of the APC and its media analyst whom are quick to lies and experts to cut out excerpts favourable to them rather than the whole article. I have gone through the links on the thread of progress69 on the above subject and it seems he did not take the full article but only those line sentences favourable to APC. We must commend him for atleast bringing up facts which is rare among the media goons qualities, but at the same time, we should set the records straight.
Cc: lalas Cc: mynd44
1. 27 state governors were owing back log of salaries as at May 2015 when this government took over hence the bail out funds approved for governors. Despite this bail out funds, many refused to meet their obligations.
Response : 18 states bankrupt, can’t pay workers’ salaries TONY 15 JUN 2015 By Omoh Gabriel, Business Editor
Eighteen out of the thirty-six states of the federation are technically bankrupt. This is because they have mortgaged their federation account allocations to contractors by signing irrevocable payment orders with various banks. As a result, payment to contractors and other debt instruments are deducted at source and have become first line charge on their lean resources. As at Dec 2017 over 14 states still owe salaries despite paris funds in different batches
2. Federal Government was borrowing to pay 2015 salaries.-May 6, 2015
Response: From the minister of finance: Okonjo-Iweala, in a statement by her Special Adviser on Communications, Paul Nwabuikwu, said the governors of such states should be blamed for the development in their states because they were told through the Federation Accounts Allocation Committee to make the issue of wage a priority.
The Federal Government had made the issue of workers’ salaries a top priority in order to ensure that the “people do not feel the negative impact of the revenue drop on the economy.” The minister said contrary to the “misinformation being put forward by certain governors to the effect that federal workers are being owed, staff salaries at the Federal level are up-to-date.”
She said in the five paragraph statement that the states, being one of the three tiers of government that receive monthly allocations from the Federation Account, should be blamed for their predicament. The statement read: “This is to clarify the misinformation put forward by certain governors to the effect that Federal workers are being owed salaries. This is incorrect. Staff salaries at the Federal level are up-to-date; workers have received their April salaries. Regarding difficulties in salary payments, certain governors are trying to blame the Federal Government for their predicament. This is wrong. They had been told through the FAAC to prioritise salaries but they chose not to do so, hence the backlog that some states are experiencing.
3. Oil marketers were owed billions, led to a fuel scarcity that paralyzed Nigeria, even banks were closing before time, telecoms operators were sending texts about expected disruptions (never in Nigeria have this happened until 2015)
Response: Petrol was selling at N87/ltr which was obviously subsidized at a huge amout, The incoming government claimed not to know about subsidy or even wanted to hear about it which distorted the system, it is only normal and important to every marketer to stop import and go all measures to retrive their debt.
4. Okonjo-Iweala who many people in the opposition believe would have done better or saved the economy warned of tougher times as oil slipped low to about $76.
Brace for tougher times ahead, Okonjo-Iweala tells Nigerians -NOV 2014
Response: it is only prudent of the finance minister or any financial watchdog to give warning when sales drop.
The Accountant General of the Federation, AGF, Jonah Otunla, said in a statement at the end of the meeting that the balance in the account dropped from about $3.11 billion to $2.45 billion in December.
The new balance in the account followed the withdrawal of the equivalent of N15.631 billion to augment the shortfall in allocation available for distribution to the three tiers of government for the month. Former CBN Governor Lamido Sanusi Lamido and Dr. Okonjo-Iweala had argued that the account should be kept for a rainy period as this but state governor had their way in sharing the money. If there were enough funds in the account, it will not have been this bad for state governments.
Gej could have saved Billions of dollars and trillions of naira on subsidy if he had insisted on its removal. But despite that, he maintained a $30bn dollar treasury while trying to stablize commodities/gas/dollar etc. We have all that going haywire now, subsidy removed, hands being dipped into the countries pension, billions and trillions borrowed in 2 years while we are just at $39bn
Stable prices: Dollar was stable which we are subsidizing now at different market rates for different individuals
Subsidy was allocated for on a monthly when crude oil was at its peak. You and i hit the road to protest on removal of subsidy in 2011 which could have seen our reserve at its highest if we had not been hypocritical about it. it sells for N145 now at N40.2k subsidy and you quickly recognize the increase in the treasury.
Oga, thank you for setting the records straight. if more Nigerians didn't lose hope and just used facts to engage this corrupt and clueless regime, Nigeria will be a better place when they realize we are no fools to be told all sorts of lies.
Thank God for the internet. If not Buhari and his team will continue to lie forever.
We hope Rochas tells his Commissioners to mandatorily plant trees in the median of this road and ALL other roads & roundabouts in Owerri.
Owerri arguably has generally more beautiful houses than the city in the video. Except for the obvious effort to plant trees / flowers along the roads and sweep that city. Which makes this city only comparable to Abuja in Nigeria.
One day, i sure hope Nigerians would realize that without proper landscaping, cement and concrete alone cannot make any place beautiful.
desmond2pk: Today gtb deducted such a huge amount of money from my account as sms charges. I have been seeing a lot of charges from gtb which were not before. It seems like gtb is struggling to survive. As a customer, shouldn't I know how many sms that was charged to amount to over N600? Recently I have not been receiving sms. I only depend on email notifications and regular visits to my gtb app, to know when funds have come into my account. Gtb I am watching you people, one day I will hire an auditor or request for an audit to know how much you have deducted from my account legal and illegal.
You are inviting EFCC corruption charges by all these questions to GTB. This time they won't even let you to put on shorts or singlet. Your wife will receive koboko too for asking where they are taking you.
Unless of course you are fulani, then you have the full rights of a citizen
Politics › Re: Few Pics From Imo State by Cjrane2: 5:03pm On Jan 08, 2018
