₦airaland Forum

pyyxxaro:
This gal na Lawmaker abi Homebreaker


Annie BP go don reach 190/160 now

Annie don't worry , PORTABLE would propose to you next week 😫

Lawmaker!? She looks like a hook up girl.

EXOUSIAng:
If we are to be real the telecom industry has been the most understanding.
They have been the only industry that hasn't increased chargers since the subsidy removal, yet they have increased salaries of their staff.
When every item increased by more than a 100% you didn't complain about the telcoms not adding a naira.
If we are to be truthful you are the greedy one here.
Telecom companies don't use power from the national grid, they run all mast on diesel under contracts with companies like IHS. Meanwhile industries that don't use as much diesel have all increased by more than a 100%

Don't mind him. Who did he complain to when bread went from N700 to N1800? When petrol went from N190 to N970? When diesel went from N250 to N1200? When pumping tire went from N200 to N500 per tyre?

Namaster:


Hilarious!

These criminals declare BILLIONS in profit EVERY YEAR.

They could invest BILLIONS in improving their services and infrastructure and still have BILLIONS left as profit.

The HIKE is driven by nothing but GREED.

And the people approved the hike did so because MOST of them have shares in these Telcos.

So whatever the companies FLEECE from Nigerians will end up in their pockets as DIVIDENDS.

MADNESS!

There is something called return on Capital and Return on Equity.

To you it may seem like MTN made profit of N50bln, why cant they spend N10bln out of it and be left with a profit of N40bln. But if the Capital invested in the business so far is N1trln, a N50bln profit is actually a return of 5%! In an a economy where inflation is 30% and FGN Bonds are returning 20% and even FGN Dollar bonds are returning 9%!?

So clearly a 5% return would be insufficient. So its not just about the absolute numbers, which may seem big to you!!

Why Nigerians should learn Economics, Business Studies, Accounting very well. Many did these courses in 100l and 200l in Uni, yet they only read to pass, they know basically nothing.

Proudlyngwa:
Rubbish move.
This is a case of Robbing Peter to pay Paul

By Virtue of Production, Diesel is supposed to be cheaper than Petrol, so definitely something is not adding up.

You want to kick-start production then think AGO, not everyone has the capacity to convert to CNG right now.

So we need explanations on why Gas oil is more expensive than Premium Spirit.

Who on earth told you diesel os supposed to be cheaper than petrol!!? I have been to 13 countries and I have NEVER SEEN ONE COUNTRY WHERE DIESEL WAS CHEAPER!!!

AmazingGenius:
Source: https://dailypost.ng/2025/02/11/nnpcl-under-pressure-to-reduce-petrol-price-amid-rivalry-with-dangote-refinery/

Can we stop with this Price War narrative!! Crude prices drop and petrol drops accordingly, as it should, and we are talking price war.

BadNews:
See More Photo Below:

I hope you people wont come and say Mobil or Chevron should take responsibility for this environmental degradation??

AmazingGenius:
[b]Lagos govt enters agreement with Summa Group to develop Lekki-Epe International Airport.


Source: https://nairametrics.com/2025/02/08/lagos-govt-enters-agreement-with-summa-group-to-develop-lekki-epe-international-airport/

Not a bad idea, but I wonder if its really needed. MMIA is actually underutilized. International flights cluster in the morning and late night. During the day, the airport is mainly idle, compared to other global international airports that have international landings every 5minutes round the clock.

However, given that Lagos is huge and constantly expanding, Lekki airport could serve al those flying domestically and internationally, who live in the Chevron/VGC area and beyond all the way to Epe, Ijebu axis and even Akure, up to Benin.

But my fear is that it will also be underutilized.

horia:
If you saw the terrible conditions that the people who live in these oil “infested” areas are in, you will hate the companies and be disappointed in the government even more

That damage and environmental degradation caused by the citizens themselves via bunkering is far worse than what the oil companies ever did. In a case where in 1 year millitary is shutting down over 500 refining sites and these folks just store the crude in pits dug into the ground. Are iocs supposed to take responsibility for that as well.

femisplash:
https://punchng.com/crude-production-cost-rises-to-40-barrel-report/?amp

WHY IS PRODUCTION COST IN NIGERIA MUCH HIGHER THAN MOST PLACES?

1. Cost of repairing vandalized pipelines, wells etc running into hundreds of millions of $ per year, which other countries don't deal with.

2. Cost of providing security coverage for their operations running into almost hundreds of millions $ per year, which other countries don't deal with.

3. NDDC which is 3% of budget, which other countries don't have.
4. Host community fund of 2.5% of opex, which other countries don't have.

4. Education tax of 3% of assessable profit which other countries don't have.

5. NCDMB levy of 1% of contracts which other countries don't have.

6. Local content polices, while well intentioned, created briefcase middle men companies in Nigeria that just increased the cost of contracts without adding any value.

7. Lack of efficient logistical infrastructure in Nigeria.

And still many more.

ricson11:

https://www.youtube.com/watch?v=aH1rKwFoX4A?si=NMhkv26O6SNyMswS

During their dinner date, Burna Boy and Chloe Bailey received matching wristwatches

See the weak kiss!!! The babe go just chop Burna money for 6 months and go her way.

There's no such thing as a specific volume meant for the domestic market. The refiners should approach the oil compan ies and put in place purchase agreements

Funny enough the article itself doesn't mention the word STOLEN! This is why 90% of Nigerian students will fail comprehension

Again whoever put the topic out there just used that word to generate traffic!!

Islie:
Petroleum Retail Asociation PETROAN Says 500,000 Oil Barrels Meant For Local Refineries Stolen Daily




https://saharareporters.com/2025/02/05/petroleum-retail-asociation-petroan-says-500000-oil-barrels-meant-local-refineries

Stupid allegation, this PETROAN is talking a lot these days and most of it nonsense.

When we had no refinery working on Nigeria, was the 500k barrels supposed to be piling up somewhere doing nothing? Of course the IOCs and NNPC lifted their share and sold internationally. And some of those contracts that have been in place for years are hard to break. And also asides that IOCs don't want to sell to local refiners due to credit issues. Only Dangote is very likely to pay you. The other smaller ones are huge credit risk. And FG refineries should be buying their crude from NNPC. If NNPC can't supply 150k barrels to its refineries despite owning 55%, is it Shell that should be supplying 500k with it's paltry 30%?

And at the moment there is no specific allocation of volume for domestic refining to anyone. It is supposed to be on a willing buyer willing seller basis. And it will still be in dollars anyway.

iwaeda:
You must be a novice to economics. This morning people already queue up at MRS, because of N10 difference.

Which novice! Those ones don't value their time and have nothing better to do with it.

So if you are Uber driver would you stay on the queue for 1 hr for N30 difference? N30*60 liters if you fill your tank is N1800.

Too thick for me!

Santalpharay:
And for your mind it is all about your family. That they did their glasses in Nigeria means that the health Care is better in Nigeria. Ok. We don hear, next!

The point is that as some only see the negatives, others are also seeing the positives!!

yes I agree that healthcare overall is far better in the West, but if they give you appointment in 6months time and you die before then for a surgery that you could do in Lagos next week, who e help?

The Minister didn't say healthcare is better in Nigeria than the west! he said some people come here for healthcare and based on some comments here from others alluding to that fact, then he was not incorrect.

Newspapers just generate sensational headlines to sell papers and generate clicks for online advertisements.

There is no price war raging anywhere! So reducing price from N950 to N890 (N60), when crude prices had fallen back from $82 to $75 and Naira had appreciated from N1600 to N1480 is tantamount to price war abi?

The way we like to use 'crash' and 'price war' and all these big words for N50 decrease ehn!!!

You will see some headlines, 'naira tumbles in market'. Then you read the story and the naira just fell from 1590 to 1600!!!!

Amayabor1:
He is not lying though. But they are all Nigerians living abroad. Some go back to Nigeria to have their dental issues fixed because of the very expensive nature of dental procedures abroad. Some go back home for surgeries because these western countries don't rush to operate on you if it is not an emergency. They will give you a far date for the surgery. Some Nigerians just go back home and do the surgery and go back abroad.

Most folks wont accept because of their poor situation will not allow them to see beyond their nose.

The problem with healthcare in Nigeria, even in the good hospitals we have like Reddington and Lagoon, is not that its expensive. Its actually cheap by global standards. The problem is the low income of Nigerians.

I do eye glasses for my wife and kids who live in Yankee from here. Filling their prescription cost me N160k, yet the one for my wife alone in Yankee is $200 (N320k). To do for the three in Yankee would have cost me like N700k.

The main problem with Nigeria is that incomes are too low. If minimum wage were like N250k, the complaints would be less.

As it is 2 of my cousins who work in IT in California and were working 100% remotely are now in Nigeria because when naira devalued massively, they found that their salary that was a struggle in California is balling in Lagos and they can save a lot more here. Just rent alone, $3500 a month (N5.6mln) compared to a nice duplex in Lekki for N6mln a YEAR! They just needed Starlink and inverter for 24hr light.

GigFc:
Use tax payers money to build a road and the tax the same people for using it. Bulaba townhall.

You didn't read where a loan was taken for the road?

Dogalmighty17:
How much did it cost to construct this road? Concessioning this road for tolling for 25 years? Is that not excessive and a give away to China?
We must remember that a report came out that check points in the South East from August to December last year reportedly extorted over 100 billion naira from motorists. So imagine how much the Keffi-Akwanga-Lafia-Makurdi road will generate in 5 years. Possibly over a trillion naira. Did the road cost that much?

If subsidy has been removed, shouldn't the free funds be used to pay off loans collected for projects like this?

They are currently working on the Makurdi to Enugu axis with money China has made available. This will add a possible 5 tolling points. A vehicle traveling from Enugu to Jos will cross over 9 toll gates. That's absurd to say the least.

These tolling points will work 24/7. With huge volumes of cash in their possession. They will be prime targets for armed robbers.

You forgot they mentioned it's cashless

HEAVEN4444:
who takes this guy serious after his incident ?

Incident is one event and this is a separate event. Judge them independently

YaQsGaYa:
This man is just playing politics and monopoly with his PMS, seriously he's not helping anything because there is no stability in his products. Soon he will increase it to balance what he cut...

How can there be stability when the price of crude changes daily? The guy is even trying to keep prices steady for week. In yankee the price in the morning, afternoon and evening at the filling station can be slightly different.

If Dangote changes from N890 today to N892 tomorrow, is the N2 your problem?

Ishilove:
The fuel stations are always quick to jack up prices when there is an increase, but when there is a reduction, that is when they will remember that they have to sell off their old stock before adjusting the pumps

Same thing everywhere in the world. Don't be fooled into thinking its a Nigerian thing.

datola:
Hmmm.... Nigeria tins get as e be.

I have been looking for filling stations that sell Dangote fuel. Most of the MRS filling stations are out of stock. I was able to get one yesterday where I refilled. I want to see if I will get better mileage.

That better mileage thing is just internet sensation created to drive demand to MRS and it worked.

I have bought MRS all through January and don't notice any difference

datola:
Illiterate oyinbos. Drug is drug and can also be called medication.

The other one that's illegal is hard drug.

She can take legal action against them if it's true ir it's another social media cruiz

I don't think there is much basis for legal action. The police arrested her on a tip off, interrogated her and released her when found to be a wrong tip off. The person who gave the tip off, might have been prejudiced because she's black, but that's almost impossible to prove, besides she doesn't know who it was anyway.

The police on the other hand were doing their constitutionally empowered work.

freemanq:
Fellow brothers I strongly advice Nigerians save money and get solar as an alternative to government power, it's how obvious that government don't have good plans for Nigerians. They are travel abroad and seeing how foreign citizens enjoy basic things, Are they willingly paying their taxes. But here nothing to enjoy yet they are killing us with taxes and tariff hike

It's taxes that will enable you to enjoy those things. If no money, how can they invest in those things.

AbuTwins:
Are we band A still paying subsidy?

It would appear band a is still enjoying a bit of subsidy

[quote author=Decidetolive post=133968818]Too bad. Have made it clear to my wife that I can only take them to west for vacation but relocation ? Never [/quote

If you guys dont plan to divorce, whats your fear

olatade:
https://tribuneonlineng.com/breaking-dangote-refinery-crashes-ex-depot-petrol-price-to-n890/amp/

We really need to stop using this word 'crash'!!

AmazingGenius:
Source: https://www.premiumtimesng.com/news/more-news/770188-fg-set-to-revive-nigerias-aluminium-smelting-company.html

Privatize the damned thing to a REPUTABLE company!

See the massive turnaround in Indorama, formerly Eleme Fertilizer and Petrochemical.

I hear it is currently one of Nigeria's biggest non oil exporters.

Green line on the Lekki Axis should be viable. Lots of middle and upper middle class families in that area, many of which would not mind taking a train to work in Marina or VI to avoid traffic and save on petrol.

I just pray LASG will ban Danfo on Regional Road. They should restrict them to Lekki - Epe expressway. They are the ones who cause 50% of the traffic on Lagos roads. Let the Regional road from VI to Abraham Adesanya be used strictly by private vehicles and non passenger commercial vehicles. Worst case, any passenger service on that road should be run by proper organized mass transit buses.

There is no big deal to Dangote importing crude, especially since he also exports refined products.

If he imports $2bln worth of crude and exports $2.8bln of refined products, what then is the problem?

And its not a big deal that Nigeria cannot supply him 100%. Some countries have refinery and have zero crude! Same way some countries have zero cocoa and export chocolate! Didn't they import the cocoa!? Important thing is value addition.