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Cognitivereason's Posts

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PoliticsRe: Buhari Visits Shonekan’s Family In Lagos (Pictures) by Cognitivereason: 7:30pm On Jan 13, 2022
grin grin grin
insidelife22:
so because I talk wetin dey my mind yesterday,Una run go report me to Egbon Seun.

Una no go make heaven.
PoliticsRe: Nigeria To Pay More For Petrol Subsidy As Oil Price Hits $85 Per Barrel by Cognitivereason: 12:07pm On Jan 13, 2022
Simplythebest:
So with ur analysis are we not supposed to buy fuel at cheaper rate now since the oil price is up and we produce more than before. It means that the government will have more money cus the oil bench price set by the government and the excess oil profit that. I think we should have more than dollar now and the fuel should be cheaper. Cus even when the oil was sold 50 dollars we are still paying more cus the told u the reason is the oil price is low and now that high why are still paying more and what do u think we happen when oil price hit above 100 dollars?
Lol no...if oil prices rises..all the price of it derivatives (fuel) also rises...
The average price of fuel without subsidies is N340.. So under normal circumstances we should pay that amount for a litre...
Let me also state the fact that Nigerian doesn't produce fuel...all the fuel you use..are all imported.. So once crude oil prices rises ..government spend more to keep the price stable (N147) for Nigeria to buy...the oil prices drops..government just save a little from subsidies and ensures fuel prices are still stable (N147)..
All this will change once the sector is deregulated (subsidies removed)..meaning Nigerians will pay more for fuel at nothing less than N300...
The only way government can fight the price is if they increase the value of naira to dollar rate (e.g N150 to a dollar).. cheesy I guess that will remain a dream.
PoliticsRe: Nigeria To Pay More For Petrol Subsidy As Oil Price Hits $85 Per Barrel by Cognitivereason: 11:56am On Jan 13, 2022
backbencher:
Basically, for the prolonged period of fall in oil prices, we have to take loans to keep our head above water.

Once oil prices rise again, the loans have to be paid back, so whatever oil windfall we have is gone to loans.

All the more reason why APC has failed...no diversification, no raise in income from taxes, which would have helped.

Opposition parties too have no ideas.
I disagree with the fact that this administration didn't diversify in terms of income...
They did very well in increasing tax inflow...custom used to generate around 530bn or less during PDP...today custom is generating nothing less than a trillion naira..most time they exhide their target revenue...

The increase of tax rate from 5% to 7.5%..increased VAT generation... Let not also include the fact that they increased tax coverages massively to the point that social media companies are now beginning to pay tax...if u conversant with ministry of budget ..they want to tax everything taxable...in order to increase tax to GDP ratio which was previously an awful 6% rate

The problem is that all this reforms cannot offset the huge gap of revenue loss due to oil down fall...the government makes so much from oil sales..this made previous administration to relax and not bother in diversification.
Also a huge chunk of government budget expenditure and contracts are paid in dollars....with naira devaluation it means more naira has to be paid for contracts in dollars..
PoliticsRe: Nigeria To Pay More For Petrol Subsidy As Oil Price Hits $85 Per Barrel by Cognitivereason: 10:30am On Jan 13, 2022
Simplythebest:
Sometimes i try to understand whats going on. During PDP oil was 100 dollars and we are still buying fuel at N87 and now just 85 dollars they are saying we are going to pay more for fuel and at the same time APC will say PDP wasted oil money when it was high. So pls can someone explain to me why e didn't pay as much as N200 for a little when oil was 100 dollars.
It simple.. During PDP oil was around 80USD and produced over 2 million barrels daily...
APC time..oil fluctuated downward heavily especially between 2015 and 2017. with 50USD Average pricing and average production of 1.3million barrels... This single thing reduced forex inflow hence naira devaluations.. And since fuel is imported it inevitably means we will pay more...
Now prices are around 80USD...But production is still barely 1.5million.. So we can't get so much forex inflow to increase the value of naira... and more revenue to keep paying more subsidies...

The major factors here include
Forex inflow
Dollar to naira rate
Crude oil price.
Oil production rate.

This four factors is what determines how much Nigerians will pay for any commodity including fuel..
PoliticsRe: Nigeria To Pay More For Petrol Subsidy As Oil Price Hits $85 Per Barrel by Cognitivereason: 10:19am On Jan 13, 2022
Revolution2022:
How can we be paying for a natural resources that we have in our soil?Does Buhari buys fuel from his salary?The minister of petroleum,governors and senators get this fuel for free and they are making us to cough out our hard-earned money to buy a commodity we produce locally at the international price when they are getting it for free.Election time,they will start making false promises.
African rulers are devil's incarnate.
Because it in u have crude under ur soil now means u should get fuel for free..
Ur are an example of the average African ruler ..this is d same mentality that introduced subsidies into the petroleum industry.. Nigerians love for cheap fuel..this single mentality killed our refinery, and drastically reduced forex inflow hence naira devaluation and ultimately revenue that resorted to borrowings...We think we are better off with cheap fuel not knowing we are killing our selves...this same mentality killed the power sector..thank God obasanjo exempted the telecom industries...
CrimeRe: Man Killed In Anambra For Anaku Deity Sacrifice. Heart, Penis, Head, Missing by Cognitivereason: 9:26am On Jan 13, 2022
benuejosh:
The terrible news you get from this guys in the East is so terrifying that you can't even close your eyes to sleep in the most part of this country.

What do I know, they will still blame Buhari.
Benue isn't any better
PoliticsRe: Ernest Shonekan Is Dead. Former Interim National Government Leader Dies by Cognitivereason: 11:52am On Jan 11, 2022
Rest in peace sir
PhonesRe: TECNO Introduces The World's First Telescopic Macro Lens For Smartphones by Cognitivereason: 11:49am On Jan 11, 2022
I will take transsion phones seriously as soon as they begin releasing 2 years android update on their midrange to flagship line up
TravelRe: Mini-Truck Carrying Diesel Falls On CMS Bridge, Spills Content by Cognitivereason: 2:27pm On Jan 10, 2022
Ozone200:
In a sane country they don't convey flammable contents via road transportation rather through railways. But no surprise at all since na Zoological republic where human lifes are not different from that of Ileya ram.

I hope by the time this blood sucking government is done with Naija we go learn to vote the right leader and not vampires.
U r a daft animal..
So how do u get the flammable content (diesel) to the gas stations if ur not going to use the roads..I guess we should build railways to connect every filling station.. Right?..or u think government should bury pipeline in every corner to connect from the depot to over 10,000 filling stations..right?
TravelRe: Mini-Truck Carrying Diesel Falls On CMS Bridge, Spills Content by Cognitivereason: 2:23pm On Jan 10, 2022
Dshocker:
A litre of diesel goes for N160 for depot price and that truck is about 8,000 litres in size...What an awful way to start the year.
Litre of diesel for N160?..in Nigeria of today?..
Am not sure u know what ur saying
FamilyRe: The Hatred I Have For My Mother Is Getting Worse by Cognitivereason: 2:08pm On Jan 07, 2022
Read what the OP posted again

Aidejay:
that woman wants grandchildren.

simple!

OP go and part one red sea and give her children of israel. You'll be surprised when she starts showering your bouncing babies with all sorts.

apart from that increase your hustle don't see her as a stumbling block but rather motivation once you overcome your financial issues these things become trivial instantly!
BusinessRe: Abdulsamad Rabiu Becomes Nigeria’s Second Richest Man, Now Worth $7.2 Billion by Cognitivereason: 7:54am On Jan 07, 2022
HacheNoire:
You just buttressing my point.

A Northerner does not need to show you anything. They don't brag it on facebook or Instagram. Some of the cars you southerner's brag on Facebook is what boys are using to race in the North without showing it.

Go see what Northern Elites are killing, and you will be amazed that Southerners are learners. They don't brag or force it, You will find them, and when you see them, you will go speechless

Not southerners that you can estimate their net worth on Facebook. Buy SUV, he will post. Buy car, he will post, even when its a Tokunbo car, he will still post on FB. Entering a private jet he does not own, he will upload on Instagram. Hire publicist to flood the social media space with his wealth


Learners! grin grin
Ur unintelligent

Average Northerners hardly brag cuz they have absolutely nothing

Am talking about the average folks from each region..ur Here bringing politician children racing in ABJ into the subject..
Rest
BusinessRe: Abdulsamad Rabiu Becomes Nigeria’s Second Richest Man, Now Worth $7.2 Billion by Cognitivereason: 3:15am On Jan 07, 2022
HacheNoire:
If Northerners show off wealth like the Southerners do, Nigeria will go into a civil war!

Southerners are just loud and empty!
Loud?...yes.

Empty?..lol...

The average southerner is a middle class and rich type yet they don't boast extreme rich billionaires....the average southern is loud because he/she has something to show for it...
The north or the other hand have 87% of it population in extreme poverty...let me repeat it....extreme poverty!!.. But ironically have two record breaking billionaires...
Compare both regions and receive sense
BusinessRe: Abdulsamad Rabiu Becomes Nigeria’s Second Richest Man, Now Worth $7.2 Billion by Cognitivereason: 3:10am On Jan 07, 2022
Even If It was a southerner.. It doesn't profit u in any way...
Go and hussle..no region or individual can have total control of Nigeria economy..
Stop giving urself headache
seunaj:
If them born the next southern president well make e no learn the ways of these abokis. Who is Rabiu and Who is Mafab? All these is politics. Buhari cabals are pumping government funds to individual abokis in a bid to plot the total takeover of Nigeria economically the way they have already done politically.
In 2022, there will be an unaccountable unconditional cash transfer to ghosts, to the tune of billions of dollars. Another Aboki is about to be made rich with government funds. The southern leaders are cowards! Nigerian Christians are cowards! No apologies
PoliticsRe: Nigeria’s Crude Oil Earnings Have Reached ₦12.4 Trillion In 11 Months by Cognitivereason:
Technically Nigeria now spends nearly $40bn..
If u convert the recent N17 trillion budget to dollar using the new I&E exchange rate (435 per dollar) u get around $39bn..


JAMO84:
For proper context:



South Africa, 55 million people, annual budget - $50b



Nigeria, 200 million people, annual budget, $30b




While the money quoted up there might be much for Ghana, it's actually a chicken feed for NIGERIA.


DO WHATEVER YOU WANT WITH MY INFORMATION
PoliticsRe: Nigeria’s Crude Oil Earnings Have Reached ₦12.4 Trillion In 11 Months by Cognitivereason: 2:19am On Jan 07, 2022
DAT not how it works.. The cost of extracting the oil has to be subtracted.. Also..The oil companies are the ones making the most money..they pay royalties and taxes to the government

Xman12345goat:
Nigeria produces an average of 1.08 million barrels of oil a day. Multiply it by $60 and you will see that Nigeria makes more than the figure above
PoliticsRe: Ipob’s Ban Of Fulani Cows: Boycott Igbo Goods, CNG Tells Northerners by Cognitivereason: 10:28pm On Jan 06, 2022
Make una dey calm down...ipob doesn't speak for the entire SE
TravelRe: Young Couple Die In Benue Motor Accident (Photos) by Cognitivereason: 2:49pm On Jan 06, 2022
Nothing good ever come out that state..no be curse..it just how it is
Sultty:
Benue people again. Like is there barely any news that comes from that side that does not involve death or Fulani invasionhuh Asin u guys should stop dying
PoliticsRe: Buhari: Nigeria Took Chinese Loans Because They Want To Help With Infrastructure by Cognitivereason: 2:39pm On Jan 06, 2022
The loan for kano maradi line isn't coming from China...
Besides construction has not started

stevebond007:
And own a wing of MMIA later?
You spent most of it on Niger Republic rail line. What has Niger Republic contributed to the country, economically?
CrimeRe: Dowen: Sylvester's Mum In Tears As Students & Staff Are Exonerated (Video) by Cognitivereason: 8:37pm On Jan 05, 2022
U will live long
aspabay:
Nigerians and their funny character, so we expect all suspects arrested to be found guilty just like that. But if police look at you and all you Yahoo Boy, you get angry.

If the court says they are innocent,so be it. If you disagree, bring up superior evidence.
CrimeRe: Dowen: Sylvester's Mum In Tears As Students & Staff Are Exonerated (Video) by Cognitivereason: 8:36pm On Jan 05, 2022
I thought they hired falana to defend their case...y d drama undecided
PoliticsRe: My Friend Was Given A Photocopy Of His NIN Slip by Cognitivereason: 12:42pm On Jan 05, 2022
No big deal...just ensure ur NIN is visible along with other info like name, address etc
Jokes EtcRe: Share Your Mummy G.O 'Going To Hell' Memes by Cognitivereason: 12:00pm On Jan 05, 2022
Durrh

Philistine:
Typical Nigeian youth will believe all those thrash above, she never said most of them. They just added spice to make it tasty.
Jokes EtcRe: Share Your Mummy G.O 'Going To Hell' Memes by Cognitivereason: 11:59am On Jan 05, 2022
Ur going to hell

PoliticsRe: Ortom Disintegrates Cabinet, Sends Names To Assembly For Replacement by Cognitivereason: 8:21am On Jan 05, 2022
Ortomatic failure
PoliticsRe: Ortom Disintegrates Cabinet, Sends Names To Assembly For Replacement by Cognitivereason: 8:20am On Jan 05, 2022
It definitely Ortom...then ikpeazu

RichDad1:
Ortom, Yahaya Bello, Ikpeazu, Okowa and Dapo Abiodun, I don’t know who’s the most clueless among these useless governors.
PoliticsRe: Pictures From Construction Of 2.5Km Kanti Kwara Flyover, Kano State by Cognitivereason: 1:45pm On Jan 04, 2022
That because the atrocities are generally under reported in the north

ArewaNorth:
KANO is second most secured state in Nigeria after Jigawa. Go and check the monthly insecurity report of either NBS or newspapers reporting monthly killings across the States.
PoliticsRe: Pictures From Construction Of 2.5Km Kanti Kwara Flyover, Kano State by Cognitivereason: 1:38pm On Jan 04, 2022
Exactly... And once Ibadan is linked to abuja...den people can travel from Lagos to kano..and warri to kano as well...

Mynd44:
So the only thing left is from Itapke to Abuja and the Warri-Kano Rail line will be complete
CrimeRe: Soldiers Kill 28-year-old Man In Ovim Isuikwuato, Abia, Pregnant Wife Faints by Cognitivereason: 1:31pm On Jan 04, 2022
No one support it..
Irrespective of any circumstance.. Don't ever argue with an armed man especially Nigerian soilders..u can't change ur rogue attitude...
Berankis:
What sort of statement is this? Is it only in Nigeria that we have gun-carrying agents?
This is simply madness on the part of that NA and it goes further to show how we keep running this country and turn around to expect a great country.
We can't keep misbehaving like this and expect cordiality or a good country. Better still, we can as well devide this country up and let each region go it's way in peace.
PoliticsRe: Wike Critic Buhari For Signing Padded Budget But Refuse Assent To Electoral Bill by Cognitivereason: 1:02pm On Jan 04, 2022
Imagine...some one comparing wike to osinbajo...
U think being able to talk (out of sense) is what makes a VP or president...


Kingsleyebere:
Wike is really outspoken!!! He would make a perfect vice president or president of nigeria!! How i wish he will go for presidency 2023
PoliticsRe: Wike Critic Buhari For Signing Padded Budget But Refuse Assent To Electoral Bill by Cognitivereason: 12:57pm On Jan 04, 2022
MASTAkiLLAh:
[s]I don't know the idol they used in swearing for you people but I pray for your deliverance so you won't keep indicting yourself and your principals[/s]. Have a great day Sir cool
smiley
Christianity EtcRe: Pastor Fatoyinbo: Igbos Find It Difficult Donating Money To Churches by Cognitivereason: 8:48am On Jan 04, 2022
E Neva go Catholic for east..na y

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