₦airaland Forum

Lagos and Oyo state maybe Ogun state should join hand in building One or two even three.

989900B:
The above is my grouse with Buhari. As a military person with oil and gas background, these are plans he should have concluded with companies even before the elections (win or loss . . . he can still chip in that bit as a patriotic Nigerian). I am not in government, but I know few companies that could set that up in 3-6 months.

If the president were pragmatic enough, knowing this refinery thing is the heartbeat of the nation, we should have had at the least, 2-4 modular refineries working in full throttle as we speak.

I agree with you, this is just a year of Buhari but what of PDP for 16 year's importing petroleum to run our economy without looking inward.

seunmsg:
At a time Nigeria is facing severe economic crunch, a comprehensive oil report presented to the National Economic Council (NEC) has been found to be silent on a whopping N323.58 billion earned as crude oil revenue under the President Goodluck Jonathan government.



"The total remittance for the period of 2011 to June 2015 was ₦3,494,675,032,256.
But PREMIUM TIMES’ analyses of the figures revealed that for 2012 and 2013, the sums of ₦143,069,400,000 and ₦80,999,973,000 were not captured in the report either as a​mounts paid into FAAC or withheld by NNPC.

This mystery continued in 2014 and 2015 as ₦85,601,900,000 and ₦13,908,374,982 were also unreported either as amount paid into FAAC or withheld by NNPC".


You can continue trolling after reading the above.

Don't worry yourself, you can't change their minds is one-way.

omooba969:
Dino, are you not a fantastically corrupt polithiefian from a fantastically corrupt country?

Ehn, answer me na!

See as he look like something wey dem carve...mtcheew.

Help me ask him.

David Mark, please tell Nigeria why PDP is importing petroleum products instead of building a refinery to refine locally to stop importation for 16 year's.

Can you build a country by importing essential commodities like petroleum products when we have crude to refine locally.

PDP ! People Destruction Party.

Lordave:
He is a Daura-Dullard Cowboy aka Zombie.

No food
No road
No light
No water
no problem.

Don't be surprised he's one those Nairalanders writing silly articles in support of PMD.

All this under 1 year or the failure of our past leader, you can't have all this under one year.

A man who failed to plan for the future find himself in our situation. If we failed to diversify all this year's is it under 1 year when there's no resources that is going to be easy.

Our so called leaders are importing fuel to run our economy for years something we can refine locally with our own crude if we have build a refinery another opportunity for our youth to be employ. Today we will not be looking for dollar to import petroleum, our little dollar will be for other essential commodities.

Kemi! I never believe what people said about you before but I now believe that you lack home training.

Can't you leave her alone?.

Ijaya123:
PDP was indeed a curse to Nigeria. 16 good years of blatant stealing of our resources with little to show for it. May it never be well with all those involved in looting this country dry. And by extension, to all those who support and defend them.

To all those who expect change in just about a year of this new government, what you want is magic, not change.

Every good thing takes time. And if you cannot be patient enough, you have the option of taking up another nationality.

My problem with PDP is why importing petroleum for 16 years without refining locally wasting our forex all this year's.

Why not build two or three refinery from the Oil boom to stop importation of petroleum to save us from this mess.

Pavarottii:
Abeg no make me vex here oooo. Because of a video reported by a person who won't determine any fate of Nigeria. U r typing dis rubbish. U know the suffer wey dey dis country. My brother leave all dis video and face reality, buhari is running d economy of Nigeria aground, d same thing he did in 1985.

Talking of Ghost workers. Was it not systems that GEJ put on ground that found dem?(bVN).
Okay after finding dem,why can't they replace the 23,000 workers wiv real workers, thereby employing more people.

Tell me one local govt that was under BH wen GEJ passed on to buhari in May29th 2015.

My friend don't support mediocrity.

Nigeria is worse off since buhari became president.

Nigeria is worse since Jonathan became our president.

Imagine over $60 billion debt under Jonathan, how do you explain borrowing when crude is above $100 for year's. Now the Oil boom is over, no refinery for 16 year's to stop this useless importation of fuel that is consuming our forex.

If you cannot manage the good times how can you manage the bad time. This is our bad time every nation that produce crude oil is removing subsidies, no more free dollar from crude Oil.

100x2,000,000= $200 million
$35x2,000,000= $70 million
How do you want Buhari to finance importation.

Nigerian saving is zero, no survival resources this is from Germany Deutsche bank analyst below.

Tolexander:
Are Kano people now regretting the over 1.9million votes they gave to Buhari or these are the part of the over 2 hundred thousand voters supporting PDP then?

The government with $100 crude failed, what do you expect from government $30 crude. You can build a refinery under 1 years, that is what PDP failed to build for 16 year's. Now the Niger Delta Avengers decided to sabotage the government, bringing hardship on d people.

subtle009:
They should rather be asking for forgiveness for shekarau cos of d looted funds and also the atrocities he must have committed as a typical Nigerian politician.

Even that building is from stolen fund.

ba7man:
When GEJ and his croonies were looting the Nation dry in full presence of everyone, these Mumus didn't know we would be worse off soon.

When oil prices were free falling without the previous administration saving, some people's brains couldn't tell them we would be worse off soon.

When corruption was the foundation of the Nigerian economy, some people's brains didn't figure out we would be worse off soon.

I'm glad I never got to witness how GEJ would have handled this economic crisis he helped create.... if he had won.

You are bless.

Can the writer tell Nigeria while for 16 year's with Oil boom at $100+ PDP don't build refinery, running our economy with imported fuel an essential commodities. Now the Oil boom is over no forex to finance importation, who are we to blame for not planning.

Jonathan Oil $100x2,000,000= $200 Million.
Buhari Oil $40x 2,000,000= $80 million ( 1.7 million)

How are we going to finance importation, from Russia to Saudi Arabia are feeling the pinch of Oil crash.

modath:
No mind the jegudu jera! Qatar,UAE,Kuwait with a fraction of our population are not smiling as it is now, don't even get me started on Venezuela, and blood those ones dey cry!!

What we need NLC to do is to fight to;

1. Ensure min wage can get the basics: 30-35k.

2. Follow the 350bn capital spending bumper to bumper so we don't end up subsidising corruption in another guise.

3. Fight RMAFC & Wages commission to a standstill so there is income parity among go establishments.

4. Enforce due process in recruitment young graduates without connection won't all be relegated to recharge card sales or fish pond or poultry farming because the elites have taken all the posts with "juice" & left the chaffs..


I doubt they can get just one of these done though, they are but toothless canines!!

They played dead when job seekers got death in exchange for their 1k, Abba "mass murderer" Moro is still walking free.

Subsidy probe of 2012 eventually turned into a farce!

NASS is living large, their budget (which takes 25% of recurrent expenditure??) is shrouded in secrecy, that one is o battle we need to fight.

And encourage local refining of petroleum, only Import need dollar, local production don't need dollar.

sparrowkid:
This reminds me of a song which we normally sang when we were much younger:

"Gbogbo egbe e wo leesi, iwo sa ma ja kiri" (literally, all your mates are putting on lace, while you keep fighting about).

In essence, imagine having Oshodi - Apapa fixed, Lagos - Ibadan fixed, Sagamu - Benin fixed, and Ibadan - Ilorin fixed. We know in the next budget God's willing, we are going to have Ibadan - Ife, Ife - Akure, Akure - Owo - Akungba - Ibilo all fixed. Let them continue to call us slaves while we are having our infrastructure fixed. All I know is that we in the South West are going to have a strict immigration policy when the inevitable happens. "Ki eku ile gbo, ko ya so fun t'oko".

Lagos Ibadan express road and Ibadan to Ilorin with Benin to Ore, Apapa Oshodi express road.

Baba second time on d way, SW will vote APC again.

Ariani:
Imagine only a meagre sum of 18.5 billion will be spent on roads passing through SE
SW has 53billion to be spent on roads passing through the zone.

This is serious.

When Nnamdi Kanu speak the truth on the things going on in this geographical contraption, some naive Igbos will be too blind to see.

Anioma only got 2billion.

Sorry, ask Okonjo and co when under Jonathan what is there contributions to the zone, only there pockets.

SW were neglected under PDP because we are opposition.

olatunji21:
Ibadan-Ife no good na...Or has any construction been carried out...I lasted visited ife in 2012..
And the best Road in Nigeria Is Ibadan-Oyo...So smooth..Lovely and beautiful....OBJ gave Us...

We will soon have a smooth ride to Ilorin from Ibadan.

CFCman:
Mehn!! I can't wait to see what Lagos would be like in 10-12 yrs time. It, alongside Abuja would become the financial/trade centers of Africa.

Moreover, a gentleman's agreement between Lagos and the other 5 SW states could be signed which would stipulate that the Lekki and MMA airports would be the only international passenger airports in the zone. This could maximize the economic viability of both airports.

Good by now Lagos, Ogun and Oyo should plan a monorail from Lagos through Ijebu Ode to Ibadan.

Orkpekyandega:

I have not heard of people on planet earth who are carefully, dangerously and extremely wicked like most Nigeria's past leaders. Some of the properties bought by these demons in the UK are even too expensive, if there were to be built here in Nigeria. Let a lone the multiplier effect of those properties to the lives of the ordinary Nigerians.

These people where born and raised in Hell.

I can't believe what am hearing.

Our leaders are stupid, you build Mansion everywhere with only 3/4 children, after their death to maintain that property become a problem.

TonyeBarcanista:
Nobody is blowing facilities in Lagos, forget their empty chest beating. They only blew pipelines in their backyard but can't go beyond. Have you heard of any attack in Rivers state?



so stop looking for opportunity to run down Niger Delta and Ijaw land. we are not at war with anybody.

They are not through ND, every tribes have criminal among them.

Obasanjo! you are a course to Nigeria, you destroy PDP and Nigeria. Every problem we pass trough today is your fault, from Yar adua to Jonathan.

If for 8 year's you have build a refinery instead of wasting our forex on importation, today Nigeria will not be passing through this problem.

You that is using helicopter to Ota farm when the express road to sango spoiled do you repair the road. That road is still the worst among the federal road in Lagos with the worst bridge you construct.

sunnyb0b0:
Obasanjo met the foreign reserve at $3.5bn and, oil price at $9 and a foreign debt of $32bn.

Buhari met the foreign reserve at $30bn, oil price at $40 and foreign debt of about $8bn.

So, what are you guys on about?

You must be joking, Oil boom started with OBJ and worker's salary and population are not the same. Even our Senate budget from 49 billion is now 119 billion. Foreign debt is more than $8 billion, over 1.2 trillion is in this year budget to service debt.

hungryboy:
Yeah Jonathan's Government was corrupt,
But after experiencing Buhari's rule for this 11months plus,
Nigerians be like,


'If this is what change looks like, abeg, just bring back corruption'.

This is the result of corruption, corruption made Nigeria to be importing fuel for 16 year's without looking inward for local refining to stop importation and subsidies payment.

What stop Nigeria from building a refinery for 16 year's with the Oil boom money!!! CORRUPTION

samx4real:
Another propagada to make the people feel his not going to do it!







APC!!! All Promises Cancelled

PDP!!!! People Destruction Party's,

Importing fuel for 16 year's without looking inward to produce fuel locally wasting our foreign exchange on importation and subsidies payment. How can a sincere government be importing fuel an essential commodities to run the economy killing the local production for good 16 year's.

This single act killed the country economy.

ugolance:
If u like don't speak... wetin concern us with ur bigoted witch hunt. Politicians All over the world are narcissists! Arrest Tinubu, Fashola and Amaechi these guys stole states money to sponsor u then we'll take u serious... politics na big business(PNBB). Ndi ara

You forget to mention Jonathan madam peace and Akpabio or they don't steal?.

NLC or TUC, can you please advice were importers are going to get dollar for importation when price of Crude Oil has crash.

You never fight for a new refinery all this year's to stop the government from importing petroleum products an essential commodities for God sake.

No more free dollar from crude Oil, from Russia to Saudi Arabia are feeling the pinch now.

Joel3:
I wrote this article on the right to law concerning freedom of speech and not intentionally to attack any persons or political party but for the interest and well being of Nigerians and to protect this country against fraudulent activities. if any persons or group of persons find this not true or not accurate. then they can come out clean with reply to explain or correct the wrong impression.



And I start. sometime ago the sanusi leadership of CBN stop banks from paying dollars to citizens. this is what I called a monopolise foreign currency economy. even when money was sent to Nigeria in dollars the bank would simply pay the recipient in the imposed naira equivalent by the CBN. this was the beginning of the era when dollars became scarce in the Nigeria market.


small private owned bureau de change were the biggest hit by this CBN policy. poor bureau de change who relied so much on dollars from common Nigerian citizens packed out of business. those who use to buy dollars from citizens who received foreign remittance had to find alternate sources for dollars and this mark the beginning when dollars rise upward in the black market.

The official price on the dollar is a scam and of what use? since the citizens cannot obtain it officially from bank or neither the CBN except they go through the black market.

This is not only a cheat to the masses by the CBN but also causes inflation. A monopoly currency trade is a fraudulent activities where only the elite and those opportune to determine the price in black market.

I received a foreign remittance and I need to pay tithe in the said foreign currency. What happened? The bank refuse to pay me with the foreign currency rather they pay me in local currency equivalent impose by the CBN. and I had to go to black market to buy back the same foreign currency in exorbitant price. The bank and CBN sells my foreign currency to the bureau de change they make a lot if proceed from this scam..

Thanks to Nigerians who stays and work in abroad, as they said there is no country in the world where you can't find Nigerians. Rate this with our traveling spirit.


These people contributed very well enough to our foreign exchange. If you go to all the bank right now, you will be amazed with the numbers of queue from people who want to receive foreign remittance. This happens on daily basis.

foreign remittance from friends and family and including yahoo boys account of 40% of our foreign currency in circulation. in 2015 the World bank and CIA spy on foreign remittances index shows Nigeria is the number 1 of highest remittance
Received.

The so-called oil proceeds every year is been loted and taken back to foreign countries by our politicians.

many people thought that the peg on our naira to dollars is for the interest of the public, but that its not true. If the CBN allows bank to pay citizens in dollars. The market force will determine the price on the black market.

As I was Told. The CBN Chiefs has a bureau de change outlet. the policy makers (referees) also plays the midfield, more like they award contract to themselves. They simply collect peoples dollars at N199 they impose and sold it back to the people at N320.

I also read it somewhere that our President wife is now operating a bureau de change. Wake up Nigeria how long will you continued to be fooled.

As this policy remeans there will be no change but rather it will get worst and expect more inflation. Not until this policy is reversed and let bank start paying people in dollars for foreign remittance. There well be enough dollars to go round and this will stabilize the forex market.


By Joel3. Nairaland.

Not on point, until we produce fuel locally dollar scarcity will continue. Simple arithmetic!

When crude is $140 x 2 million barrels =$280 million per day.

When crude is $26/$35 x 1.7 million barrels =$60 million per day.

How can you finance importation of fuel an essential commodities from this compare to Jonathan government when Crude is $100/140.

I saw this coming when ever I bid for forex at CBN, Oil importers always take 30/40% of our weekly forex sales follow by some industry like Dangote and co.

If you have $200,000 and 40% = $80 million now with the crash of crude oil prices where do we source for dollar.

We have to stop importing fuel.

Onenaira1:
1.) This is the dumbest article I've read on NL since joining NL.
2) It is obvious that slowpoke was paid by APC and Buhari to rant. My evidenced is when he stated "the Niger Delta Avengers is a creation of the ex-president aimed at thwarting any efforts made by successive administration especially that of the President Muhammadu Buhari-led All Progressives Congress, APC, administration.”

First of all, what success did Buhari administration have before NDA started. Wasn't the economy already rock bottom, naira to dollar exchnge rate increasing, food, fuel and everything else prices increasing, insecurities everywhere, etc? Why would GEJ create NDA to destroy Buhari "success" when he hasn't made any? Buhari was already destroying himself. If GEJ really wanted to destroy Buhari so called "success", not doing anything would have been the best way. Abeg, one thing i can't stand about APC is they think all of us are as gullible as their zombies. mschewww

Don't fool yourself, Oil has gone down internationally from Saudi to Russian even Algeria are suffering from Oil crash.

Russian rubble has crash
Saudi Riyadh has crash

Jonathan sell crude at $100/$140 till 2014 before coming down to $26/$40 under Buhari.

egwekwe:
Are these the set of trained Men/Snipers baba obasanjo was warning us about?

So baba was saying the truth after-all.

Good point.

ken4jj:
A Belgian friend once told me African leaders lack the capacity to solve problems though i never accepted that comment from him but deep down in me i know it was the truth. What is so difficult in calling a real national conference devoid of politics where we will all seat down and talk about this country? For how long are we going to keep enduring from one problem to another? yestersday, it was NDVF, MOSSOP, MASSOB etc, today it is NDA, what is it going to be tomorrow?

Why can't we seat down and agree we want to be together as a nation and work out a constitution where all components of these country will agree to? If we can't be together, when can't we disintegrate? How many people are in Luxembourg? are they not one of the richest people in the world living happily? Is it better to have a big giant good for nothing country where citizens queue up at European and American embassy as early as 4am to beg for visa than having a small prosperous country?

If the UK that created this country, a world power, permanent member of the UN security council, Nuclear armed nation can even brace up for the idea of a total break up despite Scotland being autonomous, why must it be difficult for Nigeria to break if it is what it takes to have peace?

I am not advocating for a break up but anybody who loves Nigeria should push for a structural reformation of this country. This country is long overdue for people to renegotiate her existence instead of spilling too much blood. if every region has to be autonomous or a total breakup,then no problem. But does an African and her leaders have the capacity to solve any problem?

Our problem is not break-up, we lack good leadership. Every tribe is been marginalized, employment is in every tribes. If we can develop other sectors of our economy we are going to be great. Saudi is not better than China or Germany, we lack good leadership to move Nigeria forward. Abeokuta steel is there, we have land for agriculture and many other mineral resources.

Dubai invest Oil money, look at them today.

kumakunta:
No one makes up the economy. Nigeria economy is made up of all the sectors in its system, of which oil and gas is just a sector. Unfortunately over concentration on this sector which I see is as a result of the laziness of our government.
What makes Nigeria permeates on the diverse nature of the country, in terms of culture, religion, language and social strata.
Economically you might say what makes up Nigeria is the Niger Delta oil. But prior to the Oil boom witnessed in the 70s the Nigeria economy was run on agricultural exports, mainly cocoa. Every part of the nation benefited from the funds gotten from it without a particular region holding the nation to ransom ECONOMICALLY. of course we all know where cocoa is mainly from.
Even the three R program carried out by gowon after the civil war was funded from agricultural income. This program we know was to rebuild the East.

And where is the imbalance of distribution of wealth, whose fault is that? The Niger Delta has a ministry, get 13% derivation income from oil sold. The people you should hold responsible if there's any form of imbalance is your state and local leaders.
While the Hausas are stoning and burning the house of their corrupt leaders. We in the south are hailing them and helping them run away.

When other states are collecting 2 billion ND state are collecting 9/10/12 billion allocation with noting to show, they still blame the government instead of their governor who is from them.
NDDC is another ministry just to please them.

In the next 1 years let see who will suffer the consequences most.

TonyeBarcanista:
When our ppl start losing their jobs and coys relocate to Lagos, I hope people celebrating those misguided NDA won't complain?

They can't farm, no water, before blowing of pipelines they can pay worker's salary now we will all suffer, we are waiting who laugh last laugh best. Nigeria will survive, Ghana is surviving without crude.