₦airaland Forum

Irresponsible newspaper.

During Mr Buhari's 8 years, it was quiet.

It suddenly regained its voice once a President from the South gained office.

Same thing it did with Mr Jonathan.

I look forward to seeing the humiliating apology it has been ordered to make.

Happy to see people with Christian values well represented on Nairaland.

However, Christians should continue to tow the path of gentility, not violence, whatever the provocation.

We should also continue to let others express their views, provided we remain steadfast in what we believe in.

Christianity and tolerance goes hand in hand, even though it can be difficult at times.

Xscape1993:
Nigerians must reject the evil party call APC. Nigeria's current nightmare.

Everyone has a right to vote for a candidate of his or her choice.

drugBaronTINUBU:
Yorubas want to take over Edo through LP.
Show me the video
I am waiting

As for the name.
Tinubu is a drug baron.
Abi u never see the evidence 🤣🤣
Or u are blind to it😂

Just pointing out what was posted here. I won't trawl through past threads to prove anything. If it was all lies according to you, that's fine. I hope it was a lie too.

As for the President, no court anywehere found him guilty of involvement in drug running. Money paid by depositors into a financial organisation he was managing was believed to be connected to drugs.

The money was forfeited. He was not tried or convicted of any offence.

Huge banks like HSBC, Bank of America and other big banks in America are regularly fined and made to forfeit deposits from customers whose source are believed to be linked to drugs.

Under US anti-money laundry law, whether you know about the source of a payment or not, the payment is liable to be forfeited.

Does that make the managing directors of those banks drug dealers?

Be careful about the statements you make in a public forum if you can't provide evidence to back up your claim.

Be very careful.

drugBaronTINUBU:
Yes, that would have been an avenue to play the tribalism card and make him an outcast during the campaign process
His was coming with 2 heavy disadvantage
1. Not from Edo central that almost everyone agreed the next governor should come from
2. Having a Yoruba name.

There are several non- Yoruba house of Assembly and House of Representatives members elected peacefully over several years.

And you that call yourself 'drugBaronTINUBU' are not exactly a paragon of tolerance.

You're part of those contributing to an atmosphere of political intolerance.

But you said '...to make matters worse someone with a Yoruba name...'



And there were many Edo people on social media that said they would not vote for someone with a Yoruba name.

Any suggestion that Edo State people are cut from a different cloth and they are a paragon of tolerance is questionable.

In secondary school, we learnt there are 3 arms of government with their roles as follows:

Legislators- make laws

Judiciary- interprete the law

Executive- enforce the law.


How then is it that Legislators would hold a press conference and insist that a law was broken when the Judiciary whose constitutional role it is to interprete laws has ruled that the law was not broken

Nigeria doesn't appear to practice any recognisable system of government. People just conduct themselves anyhow.

In case the Legislators need reminding, the only way to challenge a decision of the Judiciary is to appeal to a higher court.

CSTRR:
Is there any greater picture of corruption than the tinubu family?

How?

The Tinubus are super wealthy. And they were before Mr Tinubu became President.

In fact during the last election campaign, social media was awash with claims that the guy drives a lamborgini.

If that's true, the guy is probably worth billions. So who knows, N500m donation might not be too much for him personally.

It is even possible that he only informed his dad that he would be donating N500m and his papa said, 'oh that's kind of you, please extend my greetings to the people of Bornu.'

Probably nothing more than that.

The relationship some people have with N500m is the same as some have with N500,000, or N50,000.

That's life.

alsudan:
This boy depicts everything that is wrong with Thiefnibuus Government.

Visited in what capacity and donated which money?

In a private capacity I guess.

Other private citizens have gone there and donated money.

Did you ask them in what capacity.

That said, it is possible thar is his father's personal contribution. Since his father is uniquely tied to his role as President and can't make a personal contribution, he probably did through his son.

Their personal money. Their choice.

Orisirisi.

North Korea would be proud of how NNPCL operates.

NNPCL must rank as one of the most secretive, deceptive, and unscrupulous organisations in the world.

NNPCL and Dangote refinery flashed pictures and videos of several hundred trucks lined up to load petrol on Sunday. 6 days later, many filling stations still don't have fuel.

So, where is the petrol you loaded NNPCL?

Which kind of wahala has Nigeria got itself into with this wicked company.

essentialone:
is there any genuine website to buy car from directly from USA?

There are many. Just google 'used cars for sale USA'.

But be prepared to be shocked by how high the prices are compared to Nigeria.

Mayflowa:
Where in US? Cars are always more expensive in the US

I've always wondered if majority of the cars that enter Nigeria from the US are accident cars, because when you check the same cars on regular US websites, the prices are much more expensive in the US than in Nigeria.

I just don't know how car importers in Nigeria do it.

So Rivers Police Commissioner reassigned to FCT.

Mr Wike, we see your hand for this matter.

Those who believe Mr Tinubu is sure to lose in 2027 underestimate the complex machinations of political actors.

1. Other than Osun, an Atiku PDP won't win any state in the South West in 2027.

2. Mr Tinubu is unlikely to lose any State he won in the South South in 2023.

3. Nothing has changed to suggest there will be any significant change in the North Central.

4. Mr Tinubu will do better in the South East than last time. Exactly what happened with President Buhari.

5. He will do nearly as well as he did in 2023 in Kaduna, Kano, Sokoto, Katsina etc particularly if the recent successes against terrorists are sustained.

6. The North East will be very similar.

Add the fact that PDP is in disarray, Mr Tinubu still has a good chance of winning.

Mr Atiku has to conjure some kind of magic to wrestle PDP from Mr Wike's control.

I suspect these people are clearly going to Ibadan to receive further directions and next steps from the Wike faction.

No doubt, they will be pampered during the visit.

After that, they'll be ready to resist the other camp for as long as possible.

When Student loan was introduced, many students particularly in the South did not apply because they bought the 'its all propaganda' narrative pumped out on social media.

It is unfortunate they got themselves into that situation.

Hope they get the assistance they need.

Guestlander:
Palliatives are not the way to go but suggested "the government should provide affordable food options by buying and selling essential items at lower prices."

And what exactly do you call that?

Abi o.

Hopespeaks:
Tinubu should please reverse everything.

By 'everything', I assume you mean fuel subsidy in particular.

Well, it can be done, but there will be severe economic consequences.

If the president announces that he is restoring full subsidy, the international institutions lending Nigeria money will stop doing so. Naira will immediately fall to around N2,000, and slowly move towards N2500 and beyond.

Any benefit people gain from the reintroduction of full subsidy will be lost as prices of everything imported will shoot up to unprecedented levels. Prices of locally produced goods will follow.

So, as you can see, reversing subsidy removal can be done. Nobody will stop Nigeria from doing it. But the pain thereafter will be worse than before. We should be prepared to buy a loaf of bread for N3000 or N4000. May be N5000 or N6,000. Not possible? Ask the people of Lebanon.

See Venezuela, Iran etc for developing countries that don't generate enough revenue but still refused to remove subsidy.

We know what would happen to food prices as soon as the federal government starts buying up foods on a massive scale from those producing the foods. Prices will shoot up. Especially, when part of the problem is that there is not enough being produced due to security and other factors.

Add government bureaucracy and corruption, prices will end up being higher than it is now. So, we would be back to square one.

Also, any suggestion that a government in a democratic setting can buy and sell food to tens of millions of people is laughable. Who will buy on behalf of the government and sell to people. Civil servants? What a joke. And who will be in charge of the hundreds of billions that would be deployed? Political appointees? What an even bigger joke.

The only countries that can successfully carry out such a huge undertaking are North Korea, China, Cuba, and may be Russia. And that's because in these countries, they don't need any court to tell them to shoot you if you are corrupt. They can do it on the spot.

In Nigeria, the scheme will turn out to be the biggest corruption fest since Lord Lugard first stepped foot here

It is easy to proffer solutions, but most solutions cant survive the practical realities of Nigeria.

As for Mr Agbakogba's question concerning NNPCL role as a sole off taker:

Well, again that is a matter for the seller and the buyer. Infact, Dangote refinery must be happy it will deal with only one buyer instead of thousands with all the associated headache.

It seems NNPCL is also happy with the arrangement. No problem then.

Finally, Mr Agbakogba will know that the concept of sole off taker is common in large utility and commodity transactions of national importance because it has some unique advantages.

That is why most electricity GENCOs in Nigeria have only one or a handful of off takers. For complex revolving transactions involving huge recurring financial transfers, the sole off taker model is often a preferred option.

So NNPCL being a sole off taker is not the strangest or the most controversial thing in the world.

The off taker concept also explains why you and I can't go to Kainji dam to buy our electricity! The operator of the dam would rather sell all its generated power to one or a few Discos.

Also, the suggestion that NNPCL is doing the work of or sidelining the NUPRC is not supported by evidence.

As you rightly stated, under the PIA the NUPRC has responsibility to regulate. But in law, regulation does not mean setting prices.

How can NUPRC, a regulator, set the price of petrol between 2 private companies.

So, which regulator sets the price of a trailer-load of indomie between indomie manufacturer and its distributors? None abi.

That's because it is a matter for a buyer and seller to determine the price at which they trade.

It is no different with Dangote refinery and NNPCL.

Ofcourse NNPCL's sole shareholder, ie the government, may/will be having their own discussions with the NNPCL behind the scene to try and get the best price possible from Dangote refinery. That is perfectly legitimate.

I often wonder at the basic lack of understanding often displayed by some lawyers.

This is a recurring issue with Mr Agbakogba and Mr Falana because they often chook mouth into things outside the law that they don't really understand.

Especially Mr Falana, you see him jumping from one news station to another pontificating on every topic from international economics, to science, monetary and fiscal policies among others, and in most cases, he just misfires, showing very little knowledge of the subject matter. Yet he has convinced himself that he is an expert in everything.

Mr Agbakogba:

1. NNPCL has not set any price. As a buyer, NNPCL approached Dangote refinery, a manufacturer, on a willing buyer, willing seller basis. They negotiated and agreed a price.

ÑNPCL, then announced to potential buyers the price it would sell to them.

How does that constitute 'setting the price of petrol' in Nigeria. Petrol importers are free to sell at any price they like. Is NNPCL forcing them to sell their petrol at a stipulated price?

2. You say crude oil is a natural resource. Yes, but it stopped being a natural resource the moment the country sells to and receives payment from a 3rd party buyer.

The crude that Dangote refinery bought ceased to be a natural resource the moment the government was paid for it. And from that moment, the government can't dictate to Dangote refinery how much he can sell the byproducts of the crude.

So, any suggestion that the government, NUPRC, or NNPCL can dictate price to Dangote refinery because the crude is a natural resource is clearly wrong.

Pe

The speed on that bridge ehn.

Can NNPC, Dangote and Federal government please leave Nigerians alone with their per second release of data and counter data.

We are tired.

Just supply the goddamn petrol to filling stations.

That No.2 point is a double edged sword.

Yes cement blocks help to reduce the direct effect of heat during the day, but the pain comes in the evening and night when it releases all the absorbed heat back into the house, making sleeping at night a sweaty hellish experience between February and April.

I think by now we should have found an alternative to cement blocks that is more suited to our local environmental conditions.

How come old mud houses don't get as hot as modern cement block houses.

Oyinbo man introduced cement blocks, we immediately dumped our own local approach that worked well. Smh

With all the professors with big big titles that are in Nigerian universities, we still can't find a way to adapt mud technology to build modern houses.

WhizdomXX:
How will NNPCL ever be lower when they are the ones selling to marketers, and giving license to them all these while?

But that is the truth.

For about 3 years or so now, NNPCL was the sole importer because other companies that used to import a few years ago could no longer afford the financial cost.

So NNPCL would import and sell to independent marketers at around N560. NNPLC sold through its own filing stations at around N560 - N620 depending on how far a state is from Lagos.

However, by the time the petrol that independent marketers bought from NNPCL at below N560 reach independent retail outlets the price was around N760 - 790.

That's nearly N250 per litre more than the price NNPCL sold it to them.

Even NNPCL was confused. It couldn't understand the abracadabra of the independent marketers

If NNPCL say anything, this powerful group would threaten to stop lifting oil, which would make the situation worse and send prices even higher.

So NNPC cannot win with them.

Even with NNPC being the sole off taker from Dangote, these powerful independent marketers will still find a way to manipulate the process to their advantage.

That is why the only long term solution is for NNPC to continue to buy up more filling stations to increase the number of stations it has.

bigpicture001:
Why is IPMAN itself avoing to lift Dangote diesel...,,? They aid it's too cheap .are they not also sabotaging Nigerians...?

Exactly.

They have been an albatross around the neck of vehicle owners for years.

They hoard fuel.
They never disclose the true price they buy at.
If they don't get their way, they create artificial scarcity so they can sell at outrageous prices.

Nigerians have been at their mercy all these years.

The fact that any vehicle owner will side with them is unbelievable.

ÑNPC filling stations are always cheaper than them.

I support NNPC.

Samunique:
The NNPCL is obviously the problem of this country. The early they removed that northern man ( Kyari ) the better for this country.

On this particular deal, it is difficult to see what NNPCL has done wrong.

They have negotiated to get the best price they can get from Dangote, and from the pricing information they published this morning, NNPC are not really profiting much from this deal.

If those greedy independent marketers have been allowed to buy directly from Dangote, they would have used their usual magomago to make sure we don't know how much they bought from Dangote, and they will sell for N1300 or N1400.

These same independent marketers that some of you people are now supporting are the same people that have jacked up the price of petrol to as much as N1100 or more over the past 3 months, even when NNPCL was selling at around N600.

They are also the ones who hide petrol in their filling stations to create artificial scarcity so they can extort vehicle owners with outrageous prices.

Any time they don't get their way, they threaten to go on strike.

NNPCL is not good, but I 100% prefer it to be in charge than independent marketers.

To back up.my point, has there ever been a time when NNPCL filling stations sell petrol at a price higher than independent filling stations. Never. NNPCL stations are always cheaper.

I hope NNPCL will continue to buy more and more filling stations so they are present in every corner of the country.

It makes over five trillion naira sense.

That's how much it cost every year for NNPC/Nigeria to subsidise in order to keep petrol price at around N600.

And it was borrowed money that future generations will have to pay back.

Remove all petrol subsidy and let us pay the market price.

Mr Jonathan or Mr Buhari removed kerosene subsidy. People wailed that heavens will fall. It has not fallen.

Either Mr Buhari or maybe it was Mr Jonathan removed diesel subsidy. Businesses wailed that heavens will fall. Heaven hasn't.

If petrol subsidy is removed, and the country stops the bone-headed, stupid borrowing to pay for subsidy, it will be to the long term benefit of Nigeria. And heavens will still not fall.

Infact, I suspect heavens will smile and say, finally, sense got to these ones.