₦airaland Forum

Harrynight:
Even with the proceeds realized at the end of the day won't still guaranteed good road, gallop free road etc watch and see!

I remember when they first removed fuel subsidy the then President and Economy and Finance Minister GEJ/NOI said the will use the money realize for infrastructure, social amenities/good roads.

That’s not a very good example because first of all subsidy has never been fully removed in any government. Secondly in most cases where we increased petrol price to reduce subsidy, increase use of petrol and higher cost of petrol through devalued naira meant the subsidy always came back even bigger.

VaselineCrew:
Why can't they toll only new routes?

I am not in support of repair/extension of a road on an already existing route and then erecting tolls. This just adds to the suffering of people in my opinion, adds more traffic on those routes, not to talk of the cost of paying a toll for each and every pass, unlike a more forgiving scheme, where toll passes could be paid for ahead of time for a certain duration, thereby cutting the cost of paying per pass.

I do however strongly support tolls on new routes such as the Lekki-Ikoyi Link bridge. Obviously, some may argue that this bridge could still be toll free and built with tax payers money, but as a society, having tolls such as these that solve problems and cut travel times should be encouraged. These would also help to pay for more infrastructure, given there in sincere leadership, which is hard to come by all over Nigeria.

The toll gate at Lekki-Epe, to me, is an example of corruption in Nigeria. If you are currently driving on that road tonight, please report to the house whether or not you have street lights and adequate lane markings on that road, or are you just driving in the dark?

LCC is now owned by government since LASG took them over a few years ago, so of course you don’t expect government to care about streetlights and markings. Both of those were actually more present when it was not owned by LASG.

abatically:
In sane countries they have tolls on their highways. Nigerians go to these countries and pay the tolls but when they come back home they will complain about tolls and still expect Nigeria to be as good as those countries. If the government can fix the roads, and then give the maintenance of these roads to private companies to manage who in turn collect tolls, then its a welcomed development. Govt alone cannot fix everything.

Good point. Here in Houston about 4 of the major highways that circle the city are tolled. And when I move around, my google maps is set to avoid toll roads, even if a bit longer. And there are many toll roads across the developed world. So we should stop about this whole everything is free abroad. About 20% of petrol price in UK is tax element, but we want our petrol to be dirt cheap. Since most Nigerians don’t pay tax formal tax, the toll will be your share of informal tax.

Besides I wonder whether Nigerians spend all day traveling. What’s the fuss about? There was a period I had no reason to leave Lagos in 6months, so in that case what’s the big deal about toll? If in 1 year I go to Ibadan once and Abeokuta twice, based on the list here, I pay no toll cos Lagos Ibadan isn’t on the list and I’d rather go to Abeokuta through Shagamu interchange, not Ota.

abatically:
If they mount tolls without fixing the roads then they are asking for problem. I'm sure shame will not even allow them do that. Fix the roads, mount the tolls no problem. Mount tolls without fixing road serious problem

Don’t be surprised that toll will start first before fixing the road. No be Nigeria?

obinoral1179:
The Lagos-Ota- Abeokuta road is an eyesores and they want to toll it again to increase the hardships in that area......

Hopefully the toll will make it motorable. What’s N500 to drive safely to Abeokuta

lalasticlala:
https://www.vanguardngr.com/2021/02/fg-plans-tolling-on-12-highways/

I’m surprised Lagos Ibadan isn’t on this list

PHijo:
It just shows how backward in thinking those who administer Nigeria are.

You would not need a toll gate to get revenues for highways if you wish to. The use of technology can help government get revenues from highway users without a toll gate in place.

Please educate us.

Bigflamie:
Private companies building roads in the south and collecting toll fees thereby making transportation very expensive whereby the federal government builds the northern roads without toll gates.

Buhari is a bigot and terrorist.

Where in the article did it say that?? Stop being stupid!!

BruncleZuma:
To stream you need a stable internet, but what do I know, I'm stuck in Yenegoa and it's not "free music" per se.

Dude calm down. How much internet do you need to stream music? Not that much. A 5GB monthly that gets you 2Mbps speed is fine, except you blast music like 3 hours every day. For a casual 1hr per day music user that would be fine.

dheaven:
Why so happy over it, what's our benefits? Its the company that is suppose to rejoice not we.. They are here to make money.

Abi o. Besides they don't really have anything i can't get on apple music or Deezer. So what's the big deal.

If Emenike us not careful in 10years he'll be broke.

TheRareGem1:
https://punchng.com/25000mw-deal-fg-siemens-sign-pre-engineering-contract/?utm_term=Autofeed&utm_medium=Social&utm_source=Twitter#Echobox=1613970834

Six years will come and go and then Nigeria will still be producing 5000MW. I wonder who it was that swore for this country! Whoever it is though, his jazz is strong.

iwaeda:
https://punchng.com/buhari-govs-to-discuss-fuel-pricing-thursday-ngige/

Guys don't have a clue how business works. So you have given someone 'marching order' to reduce the price of gas, yet gas comes with a cost of production. Yet when the gas producers start making loses and stylishly stop producing gas, you will come out to say there is no gas. Back to square zero!!

I'm curious. Where is the petrol from Walter Smith refinery that was commissioned with pomp and pageantry recently.

ashewoboy:
What A Man's Babe Sent To Him. Should He Be Worried?

Very worried!! She's going to camp somewhere for a few days. But since she's your 'main' GF, I assume to you also have other GF's. So both of you should fire away!!

if anyone is still driving Benz 190 in 2021, the moto reach to somersault!! That's a model of about 30years ago!!

Obviously the car is on its last legs and would have many mechanical issues unnoticed to the owner, moreso being a benz and not a Toyota. Benz is not meant to last that long.

dre11:
As Cattle breeders threaten withdrawal of service, demand N475b compensation



https://m.guardian.ng/news/cattle-breeders-threaten-withdrawal-of-service-demand-n475b-compensation/

Funny enough, the idiotic NASS members from the north will actually raise motion supporting the payment of the N475bln. Just watch!!

adenigga:
https://m.guardian.ng/News/Petrol-pump-price-dilemma-lingers-as-FG-retains-subsidy

So even after the plenty gra gra by NNPC boss in last few months that we will never go back to subsidy, they are already afraid to increase the price for political reasons!!

The so called high production cost of crude in Nigeria as at now had nothing to do with the price of petrol. It may mean FG makes less per barrel, but in as much as we import petrol it has little bearing on the price of petrol as we are working with the refiners cost and refiners buy crude at the market price.

On an aside, there are two issues I have with so called high production cost in Nigeria. First is that the way NNPC calculates its opex is flawed. they use a concept called common cost. Basically, they take out all 'opex' related cost used to support a capex expenditure and call it opex. As any Chartered Accountant worth his salt knows, the entire cost of an asset, including costs incurred to bring it into use can be capitalized. To explain it differently, what NNPC is saying is that if I am building a house and I hire a lorry to bring a load of cement to my site for N100k, that the N100k is not part of the cost of the project, but opex!! They are saying even the labour spent on site is opex, likewise supervision, land rent, cost of processing title etc. Which developer building an estate will exclude all these things from his project cost? So if these thing cost N100m in an estate that cost N700mln, is he supposed to base his pricing to you and I on N600mln?? If you calculate opex normally, unit opex per barrel is less than $15 for most IOC's - in some cases as low as $9

Second issue I have with so called high cost of production in Nigeria is huge costs oil companies a re forced to spend on security, logistics, community relations and NDDC (3% of budget), which other countries do not have. Not to talk of useless supervision that just complicates processes and increases cost. Simple approval that a self run company would secure from its management in days takes NAPIMS/NNPC months and in some cases years!

While I recognize that increase in pump price is painful, I totally support it because this country just cannot afford to be 'throwing' that money away. To prepare for higher petrol prices in future, i have already told myself that my next car will be a Toyota hybrid, by which I will spend like 30-40% less on petrol. That's the kind of thinking we should be doing to save costs, not just condeming it, so that it can stay cheap for our individual short term benefit, while it jeopardizes our collective long term benefit.

Femeto:
Una go by new car. No law gives the police the rights to auction peoples cars.

Then the owners should go collect them, simple!

Tranquility4u:
The Nigerian government is totally confused. What will poor and average Nigerians be benefitting from the government at low cost, after these assets are sold to private individuals?

What is anyone benefitting now?? Other than those in government stealing from it

Cantonese:
Noo. With all the equipments in place, installation should just take a few months, at the most.

Yeah. Solar is actually quite easy to deploy. In other parts of the world, solar plants of 500MW are delivered in 24 months.

Rather surprising that Delta state would be considered a good location for solar. With lots of rain and cloud cover, I wouldn't have thought so. Kwara, Benue or Kogi seems more sensible to me.

VEXT:
https://dailynigerian.com/hisbah-operative-caught/#

Epitome of hypocrisy!!

Emu4life:
Forbes be recognizing people carelessly. INFLUENTIAL ENTERPRENUER INDEED.

Abi o. That's why I don't agree that Folorunso Alakija is a successful entrepreneur in Nigeria. Any idiot can be rich if given an oil block that actually contains lots of oil.

GallantDuke:
The airport wey dey my village better pass this one. What is the essence of building another airport in Ebonyi state when the one in Enugu can serve both states?

I don't understand this craze for airports in the East. There are existing long standing airports in Enugu, Benin, Owerri, Uyo, PH, Calabar and Asaba.

But now Anambra, Ebonyi and Bayelsa are building. Na Abia remain to build.

i would not even have an issue if they would be self sustaining, but unfortunately most of them will become a drain pipe to the state government, meaning less money for education, health, roads and other infrastructure.

I dare any state government building an airport to make it self sustaining. i.e the staff and maintenance of the airport will be paid solely from the revenues of that airport and let's see how many will survive.

lexy2014:
It's not because he is smarter. It's because he is most a front for corrupt practices in govt. According to www qz.com:

"Between 2010 and 2015 when Dangote cement earned around 1 trillion naira ($6 billion) in profits, it paid only 12 billion naira ($72 million) in taxes—a tax rate of just over 1%."

Fact is, dangote barely pays taxes up till now. U don't get that type of concession because u are more smart and daring than ur peers.

Wasn't he given tax holiday to build the cement plants? That happens in many places of the world. Its not a new concept.

seunmsg:
I’m glad they were properly charged to court and have now been granted bail. That’s the right thing to do. It would have been condemnable if they were detained perpetually without charging them to court. The court should now be allowed to decide their fate.

Quite right. Not that I agree that they should have been arrested, but by quickly charging them and releasing them on bail, they the government can claim to be following due process.

yinkus6750:
If the security agencies don't want them to protest, they should follow legal means to stop the toll gate from operating.
Cars can boycott the gate, follow alternative routes, or they go to court.
Enough of bloodshed in the name of protests.

.
Since when did the protest become about the operations of the toll gate!?

ClassicMan202:
Ok... While dey destroy local refineries in the creeks.... One Nigeria indeed

There are no local refineries in the creeks. The they are all illegal, and they using stolen crude that other people spent money to produce and wrecking the environment in the process.

BeeBeeOoh:




The owner of this care will be like, My God Works In A Mysterious Way.

That car was on a truck that's used to transport cars. It was not being driven on the road. That's why it's that high up and untouched.

we refuse to deal with the hydra headed monster of NURTW, so what do we expect? When stark illiterates stand on the streets and are able to collect money daily, per trip from buses and taxis in this day and age, what do we expect? There is nothing that causes fight more than money!

This is a symptom of ineffective, incompetent, thoughtless leadership over time. Sanwo Olu has no liver to take on NURTW, because they are part of the political machinery of winning elections. Even if he wanted to, his political bosses will not allow him.