₦airaland Forum

Nazgul:
I've been complaining about this nonsense since.

You'll go to a bank ATM only to discover that they're not dispensing cash, yet all the POS agents around the banks all have cash. Before Ecobank Ojuelegba was demolished, there was a time I went there their atm wasn't dispensing cash, Access bank which is close to them too didn't have cash. Yet all the POS operators within that vicinity had suplurs cash. You can even request for 100k and they'll give you.

Even the banks who would manage to give you cash wouldn't give you above 10k. If you want anything above 10k go to POS.

Yesterday I made a withdrawal of 10k from a POS operator, she charged me N300. Yes you heard me right N300 to collect 10k. She told me that it's because of the new charges CBN put on them for 10k deposits and above. So if I want 50k I'll pay 1,500? What kind of robbery is that?

I've been saying this that banks deliberately starve their ATMs of money because many of them sell cash to POS operators who in return sell to customers at abnormal rates. CBN should keep up the good work they're doing by slamming them with heavy fines.

We are our problem in this country.

Maybe na the POS come withdraw am finish na. Since they are sitting right there, them know when the ATM has cash and will withdraw it before you get there.

stepaside1:
This HI project is about $2.5bln. Exxon's Owo offshore project will be about $10bln when it takes FID. Shell Offshore in Nigeria has the Bonga South West oil project of about $10bln and a giant gas field development of about $5bln both at advanced stages of feasibility and concept definition. There are others from ENI, Chevron, Shell Onshore etc. Add this to the $5.6bln from the 2 projects that have taken FID already. Do you still think I should be calming down?

Bonga South West is unfeasible, as is any green field oil project in Nigeria. Maybe the recent deep water incentives may have helped. But oil companies will do the economic analysis and go through the process again. Then they will present to their board to rank in the midst of other opportunities globally. And it may not fly. So don't get too excited. It's another 3 year recycle for any greenfield. Brownfield may fly easier , cos the capex will be a lot less.

ivandragon:
It is expected.

As a special assistant, the very reforms you say the masses must endure are subsidised for you. Government pays for your fueling, your travels, grants you easy access to foreign currencies and other privileges that insulate you from the same policies you are justifying.

The questions I continue to ask are:

1. If fuel at N985 is seen as ok today, why did BAT condemn fuel at N145 in 2012 with subsidy removed?

https://dailytrust.com/flashback-how-tinubu-criticised-jonathan-over-petrol-subsidy-removal/

2. In his 2023 campaign, bat promised to bring down the price of pms which was around N175 at the time. So how come he and his supporters are arrogantly rejoicing that pms has 'come down' to N985?

https://punchng.com/video-of-tinubu-promising-fuel-price-reduction-resurfaces-online-amid-hike/

3. In 2014, bat said the foreign exchange rate of N217:$1 was too high and showed Government incompetence. So, why is he now saying that N1600:$1 is a good deal and a sign of progress?


4. In his 2023 campaign, bat promised to reduce the rate from N600:$1 to N300:$1... so why is N1600:$1 now being touted as an achievement?

https://medium.com/@FromLagosto/broken-promises-a-critical-review-of-bola-tinubus-campaign-promises-and-nigeria-s-current-reality-ce2917b7e684


Until bat explains these his somersaults, he will continue to be seen as a liar, deceiver, selfish and cunning man who prioritises his selfish interests over the good of the masses.

All that was politics, simple. Has Trump not said worse things to galvanize support from the masses for his election victory?

Politicians will say anything to get there.

xpressionx:
This is further testament that a cabal is holding the power industry.

Nigeria runs on average of 4500MW meanwhile some companies are generating 6500MW.

If Tinubu cannot fix power before 2027(not Fashola recommended 6months)he should not bother contesting again,he's a failure.

There is no cabal holding anything. The issue is that people like you refuse to pay the appropriate cost reflective price for electricity.

Why is there no cabal holding telecoms, where the pricing was cost reflective from the get go?

Why is cabal on petrol suddenly toothless, now that subsidy is gone?

Why has there never been a cabal on diesel for 20years that it was fully deregulated. Diesel has never been scarce for one day.

The companies providing captive power is both a good and a bad thing. Good for them as it guarantees reliable power for industry, but bad for the rest of us because without those big companies on the grid, the cost becomes more expensive for the rest of us. I hope you are familiar with the term 'economies of scale'. If not, google it.

Flangelo12:
Handsome man.

Whaaaat!!

alphonsojaybaz:
Lady Shares Experience with UNILAG's New Electric Buses, Reveals Fare is Just ₦100"

A Nigerian woman recently shared her experience with the newly launched electric buses at the University of Lagos (UNILAG), noting that the fare is just ₦100.

In a TikTok video, she offered a glimpse of both the exterior and interior of the electric buses, which are reportedly introduced by UNILAG to enhance transportation for students on campus. Eyes Of Lagos reports,

She captioned the video: “And it’s only 100 naira! Plus, there are like four doors!”

Expressing her surprise, she added, “So UNILAG electric buses are real? Does this mean campus drivers will be out of business?”

The video also included shots of the bus interior and a bus arriving on campus.

As the video gained traction online, it sparked a variety of reactions, with many viewers sharing their thoughts in the comment section.

Here are some of the reactions:

Abj: “Isn’t this just for convocation season?”

Rayfranklyn👑🇦🇺: “Until the national grid goes down.”

Starr✨: “Seems like a response to the physical resumption issues… I’m not a fan of this school… or the Faculty of Law 😭. I should just open a shop.”

T♾️💕: “It’s affordable too 🔥🤭.”

CARS-OF-EDO: “Is the bus free?”

Pomchan: “I’ll now look at pedestrians with disdain as I ride this bus 😌.”

Loyaltechgirl💕: “The driver will even open the door for you 😩.”

Ms. S: “You’ll still fight for window seats on this one too 😭.”

Elle. 🎀: “As a student from OAU, I’m jealous.”

Moni 💞👸: “So this is what they’re doing with our money? 👀😭🙂.”

Anita Squarepants: “Cab drivers are in trouble once we fully resume.”

Ninjanerd: “They won’t last long though, battery degradation… but I guess it can be replaced, so good for you all.”

Michealcurwell: “A bus without shock absorbers.”

kofoworola: “They should use that energy to renovate the hostels 😩😭😭😭.”

9jawap Mobile Community: “The real question is whether this is sustainable in the long run.”

𝓶✨: “No more fighting for the front or left seats 😭.”

life_of_ola02: “This is something they’ll remove once we resume fully or after convocation 😂😂.”

Anita Squarepants: “The nonsense has finally stopped, no more insults from drivers about the back seats.”

H.E.R____: “No more scrambling for the back seat 😂😂. Now you can sit comfortably at the back, those drivers will be upset.”

https://eyesoflagos.com/2025/01/10/lady-shares-experience-with-unilags-new-electric-buses-reveals-fare-is-just-%e2%82%a6100/

Looks more like elongated golf cart

kettykin:
The relocation wave is surging with intensity. Landmark Group has boldly uprooted and shifted its entire operations. One can only hope that the dominant Niger Delta-owned banks and oil giants will seize the moment, relocating their headquarters—or at least a significant part of their operations—to Port Harcourt. Failure to act now risks leaving the region vulnerable to the next toxic chapter of political neglect and economic marginalization as the proverbial cock crows its timely warning.


Due to numerous inquiries in the thread.PH was part an parcel of the Eastern region. PH was originally developed to evacuate coal from Enugu. PH was originally called Igweocha.

They are absolutely losing their minds over a business that coughs up N10 Billion per year in taxes relocating to PH . Imagine the chaos if bigger players like Access Bank, UBA, Zenith Bank, Seplat, Nextoil, or even the Zinox Group decide to pack up and leave too. Lagos is living on borrowed time, and the clock is ticking.

Word on the street is that even Dangote is fed up with Lagos’ endless drama. Rumor has it he’s planning to move his main HQ to Abuja and rent out his Lagos office once it’s finished. If that happens, expect BUA to follow suit, and Lagos will finally settle into the role everyone’s been envisioning: the economic hub of Yoruba land and little more.

Story. Good luck finding sufficient people in PH that can afford the facilities. We just think it's about siting stuff somewhere. We forget people have to be able to pay for stuff. Landmark PH won't survive on people just coming to look at the beach and buying bottled water. That's why they went into partnership with the state government. If he's confident in it's financial liability , he should go to alone.

stepaside1:
Good news all over. We are witnessing unprecedented investment in the oil and gas sector. 2 significant Final Investment Decisions (FID) announced in 2024, this HI project has its FID imminent within the first half of 2025, several other significant FIDs lined up. We are looking at close to $20-30bln investments coming in.

Almost all pending onshore assests and share sales to indigenous companies deals have received ministerial consent, laying the foundation for tremendous growth in oil and gas production, controlled mostly by indigenous companies. Future is really bright.

I encourage hasty completion of Ajaokuta Steel revamp and other such steel revamps around the country to take advantage of the steel requirement for these huge projects. Fabrication yards, construction and assembly yards are required to domesticate much of these project spend.

Oga calm down! Where are you seeing $20b to $30bl from?
Bonga North FID na $5bln
The Total FID na $600mln
This HI FID, I doubt it will be more than $1bln to $1.5bln

yang:
What is the job of Nigeria content management board exactly?

Sitting in Abuja and.collecting salary?

How many Gas projects have Nigerian companies executed in China?

When we say this country is a zoo and should be divided

How can billion dollar projects be given to China and local contractors are looking on while young people have no job and are looking to japa to go abroad and sell drugs, clean toilets or do prostitution?

What kind of a zoo country is this?

Engineers graduate and no job yet Shell is exporting Nigerian jobs executed 50km off the coast of Bayelsa,

What a zoo

Face reality! Nigeria has no technology and our graduates are no better than secondary school students abroad.

I seem to remember these pictures from last year!! I won’t be surprised if this is a fake post.

koladata:
The solution to security of any country is cctv camera , USA has millions of it , UK has millions of it , Nigeria has zero .

And when you talk about it here, Nigerians will say boko haram will first shut the camera down . who told you they don't shot it down in usa and uk , but if you have enough , how many will they shot down before they are being caught.

And what happens to mounting security operative to monitor cameras 24/7 like they do in the western countries

Put cctv cameras on all the high way and let me see where the kidnappers goes after they kidnap people , lets see if camera is not there

Who says BJ comes on the highway? So we should put CCTV in the bush? Not a well thought out idea.

God1000:

https://www.youtube.com/watch?v=2-PBGDiGfSQ?si=2UkimEqAO-dxZ55D



https://saharareporters.com/2025/01/06/breaking-boko-haram-attacks-nigerian-army-base-borno-kills-several-soldiers-burns?

Still find it strange that Army bases are attacked. There should be at least 20 men fully armed on patrol at night. With simple drones with infrared capabilities, they should be able to maintain situational awareness over any approaching people from up to 1 to 5km away.


But then again too many of our military guys are stark illiterates. And even the senior ones who go to defence academy aren't much better. After all Buhari did and was woeful as CinC.

God1000:
This is sad, I wonder how these terrorists continue to launch such successful attacks against our soldiers, it seems intelligence gathering is zero because our soldiers are supposed to have advance knowledge and be prepared


I think the federal government should stop the rehabilitation program for the repentant terrorists, they should be killed immediately


Rip to the dead and speedy recovery to the injured

Na so advance knowledge easy?

AmazingGenius:
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has justified its earlier request that the Federal Government authorize a N100 billion intervention fund to help stabilize the petroleum products market and make them more accessible to Nigerians.

Dr. Billy Gillis-Harry, President of the association, spoke on Arise TV’s This Morning Show on Monday about the urgent need for financial intervention to offset the high cost of business operations in the sector.

“The request for N100 billion intervention was requested because it is going to cushion the cost of money in our business. And that will make a long way to make petroleum products available and affordable to Nigerians.”

He further elaborated on the source of the proposed funds, emphasizing that the intervention could be integrated into the federal budget.

“Every year, there’s a budget, and this N100 billion is just a small fraction of it. It’s going to significantly ease our operations, especially considering that the current cost of money is between 36 and 40 percent,” he stated.

The PETROAN president stressed that the high cost of financing has placed immense pressure on petroleum product retailers, which directly impacts the prices that consumers face at the pump. The intervention fund, he argued, would provide the necessary financial relief to ensure a steady supply of petroleum products at reduced prices.

Dr. Gillis-Harry also appealed to the federal government to prioritize the request, emphasizing its potential benefits for the broader economy. “We hope the federal government will take this very seriously. It’s going to help ensure that Nigerians can access petroleum products at a much more affordable price,” he urged.

Back story

Over the weekend, the group, in a statement signed by its president urged President Bola Tinubu to approve N100 billion grant to marketers to help with job losses caused by the removal of petrol subsidy.

The statement read, in part, “PETROAN request for a grant of N100 billion from President Bola Tinubu to help prevent the closure of 10,000 marketers’ businesses.”

“The request is in response to the threat of job losses that would result from the removal of the fuel subsidy.”

• PETROAN said the recommendations will consolidate gains in the downstream sector.

• According to the association, despite the challenges experienced last year, the sector is poised for continued growth and development.

“2024 was a significant year for Nigeria’s oil and gas downstream sector, marked by deregulation, infrastructure investments, and growth in the LPG market,” PETROAN said.

Source: https://nairametrics.com/2025/01/06/we-requested-n100-billion-from-fg-to-make-petroleum-products-affordable-petroan/

N100bln for what exactly? How does it help you keep products flowing? Which job losses is he talking about? What issue is there with the market if Dangote is fully supplying the market? Who said the product is not available and affordable. They should change their business model to storing products for Dangote instead of storing imported products.

In Nigeria if you no get mind, useless associations will ask for stupid things and politicians who are backing them will be supporting the nonsense request.

DatNiggaDaz:
Their cancellation of the meetings has proven that no Governor aside the Governor of Lagos don't trust Tinubu & his Tax reform.

Their is no trust between the State Governors & the FG.

This Tax reform will be difficult to sail through under the emilokan government because the maladministration has trust, competence & integrity issues

They canceled the meetings because they are just not interested in governance not because they don’t trust the reforms.

tbliss22:
I feel if crude is sold in Naira and not dependant on international price.... also considering open windows to independent refinary springing up left and centre... Considering these factors, there's every possibility for price of PMS to keep dropping

It is already sold in Naira, based on the equivalent naira conversion of the international price at current exchange rate.

There is no way it won't be based on the international price. If it's lower than that price, then it's subsidy.

Celestialsword:
How are the local refineries meeting daily consumption without importation

.

Dangle has said several times that he is meeting 100% of Nigerian consumption. NNPC which was our sole importer before it's no longer importing. If any marketer is importing, it's because he chooses to, not because Dangote doesn't have enough.

Max24:
I doubt this postulations because this will defeat one of the reasons Tinubu adduced for removal of subsidy. In our fuel price is way below international price then smuggling across our bothers by our neighbours continues. We are probably not supplying Nigeria alone but other West African counties.

If our petrol is being produced privately by Dangote, and his price delivers him profit, then taking petrol to neighbouring countries doesn't really concern government. It's not really smuggling, but exporting and is helping Dangote meet the capacity of his refinery and create economies of scale.

Smuggling was only an issue before because government money was inside by way of subsidy.

Westman001:
It better be.

@DemonSlayer, LegendHero and Metrofox you remember I made this claim that time. We argued about it you thought I was being too much.

I pray this doesn't turn out to mouth talk alone.

It is absolutely possible but we hope the greedy folks sulking this country of better life for everybody have their conscience improved.

It's not possible at current crude prices and exchange rate. Stop wishful thinking.

Celestialsword:
The problem lies in the importation of fuel, because the local production can't meet the daily needs of the country.

If all the refineries including the modular refineries are working at full installed capacity they will be able to me the daily consumption of 40 million litres daily consumption of the country

If this is achieved, fuel importation will stop,this will save us lot of foreign exchange and reduce demand for foreign exchange and fuel price will ultimately drop.

Which importation of fuel? Who is importing fuel? Who says local refining is not meeting capacity?

Pluto33:
Source:
https://thesun.ng/fuel-price-may-crash-to-n500-per-litre-marketers/

Stupid analysis! Not sure anyone in The Sun newspaper is qualified to make such analysis of a technical industry like oil and gas. Isn't that newspaper focused mainly on who is sleeping with whose wife in the same compound?

The critical cost component for petrol is price of crude oil. Petrol is only getting to N500, if crude oil drops to like $40 per barrel.

.

thesicilian:
You talk like you're being paid by MTN. How long will you guys keep defending indiscriminate, arbitrary tariff increments all in a bid to "ridicule" the government? 100% increment? Haba. That's besides all the hidden charges that makes a 1min airtime finish in 40 seconds. If I remember correctly this was how you people kept defending DStv those days until their greed spiraled out of control and everyone started looking for alternatives.

Telecoms haven't increased tariff in like 15 years, so what arbitrary increase are you talking about? SMS has been N4 for as long as I can remember.

And my call tariff has been 15k per second for like 10years plus

Seefinish:
That's was how they deceived us with Port Harcourt refinery and yet the price of fuel is still high, and now it is Warri refinery.

The refinery is working doesn't mean the patrol is going to be low. If that's your only basis for accepting that the refinery is working, then you wait forever to believe

Judolisco:
He is correct on the aspect that Nigeria is not only subsidising fuel for ourselves but for the entire west Africa through smuggling.... My point now is, curbin6of smuggling should be on the government, that's your number one job as a government official is securing our borders..... Why should innocent citizens bear the grunt of smuggling? It's very wrong

D only thing Nigerians are enjoying from d government is fuel subsidy

Smuggling occurs everywhere in the world. America with all their money and technology is still struggling with cocaine smuggling into US by cartels.

CodeTemplarr:
They get crude for free so can sell for almost for free.

Stupid comment that shows 90% of Nigerians are illiterate on economic matters. Since when is crude oil free.

Topman7:
This is beyond that.

Dangote just cleaned up the main bowl and fixed the grass to make it manageable.

This upgrade is about bringing the entire stadium to world class standard, with digital advertising boards, world class pitch, VAR setup, upgraded training facilities, velodrome upgrade, 200 room hostel upgrades, etc etc.

A full-spectrum upgrade to bring the stadium in line with global best practices.

These are the sort of things the FG couldn't bring out money for when we were spending over a third of our income on fuel subsidies.

NOW there is money to spend on building the country.

Expect more of such upgrades and projects across the nation in the months and years ahead.

This is something the private sector should be funding. In fact the stadium should be privatized or concessioned.

JAOS:
On Data that runs fast

Your people won't menage apps on your phone found auto download and update but you'll be complaining about your data disappearing!

yoruboid:
Despite being one of the latest bridges, it is one of the most vandalized bridges

Now adding all these amenities will make the bridge a more valuable target

I just hope the FG will ensure the surveillance is 24/7 because we know what these guys are capable of

Ordinarily, they don’t deserve anything more than a wooden footbridges

Securing the bridge isn't rocket science. Even with the CCTV, put three teams of mobile police on both ends of the bridge and one in the middle. Give them night vision binoculars to look in all directions. Give them a small drone with night vision and infrared that can stay airborne for 1hr. And tell them they will be held accountable for any vandalism on their watch. And give the team lead of each of the 3 groups walkie talkies so then can communicate. Shikena

All of this can't cost $5k extra. The police and their vehicles and weapons are already existing.

Bluntemperor:
•Always have it at the back of your Mind - that without Constant Lights 🚨- •there;No-Industrialisation in Nigeria,
-No Engineering Works,
-No Space 🌌 Exploration of any.
•For it is only when the People gets Light Non -Stop,that Real Development,Real Research and Development can take place,as with Other Develop Countries.

7-00
Of course I know that. Doesn't mean it will be cheap though. But cheaper than gen sha.

yoruboid:
Now Yorubas about to show them how a corporation should be run

Soon, Lagos will be generating 4,000MW and the SW will be doing 20,000MW

More FDis, more industries, more jobs, more revenue

God bless Yorubaland

Story. 20,000MW will require like $30bln. Where's that coming from?
Only Lagos can go it because it's viable. Other states aren't financially viable.
Just be ready for electricity of N300Kwh in Lagos.

cr7lomo:
Close mouth...u think we are in 1884 .... look at degenerates defending their fellow degenerates... why don't u also elect a president or a bank ceo or Nnpc Ceo with people that can't speak English..... Nigeria is an Eglish speaking country and its our first language... a governor that can't even read figures .... and some wonder why the country isn't working ... imagine hosting a tout ... the yorubas has destroyed this country to their shameless level

Tout hosting tout! Birds of the same feather flock together. Why didn't MC visit Obaseki? Obaseki won't come close with a 10foot pole