₦airaland Forum

LeoMax:
So these miscreants are going against the orders of NLC/TUC ?

Are these members of NLC/TUC

Boyloaf:
If u guys dnt want jonathan to rule nigeria in peace, OR if a niger deltan cannot rule nigeria, pls go out and protest and let us know your mind, bcoz we are eager to go our way with our resources! Go out and protest and get killed like a new year chicken! For those of u who tort GEJ is weak! I guess u all forgot there is always a two side to a coin! Remember wat obj did to our villages? Y'all just got served!

and who is scared of that? ask the retardeen your son to convene SNC and lets dismantle the whole arrangement

Beaf:
As long as they keep the peace, its fine. But it is a waste of time to hang around Ojota, it is better to harness that energy into a protest about tangible things, like the fundamental structure of Nigeria.
As an example of the way to go,right now, there is a massive indepth education and orientation effort in the Niger Delta about the federal structure, people aren't hanging around aimlessly like at Ojota.

Protest has been going on in Ojota, there were no reports of violence there. Infact u guys labelled them as carnival lovers. This shows that the govt simply want to intimidate the protesters from doing what is constitutionally ok. better still he hould deplored them to where violence was recorded.

Should Soldiers be deplored in the first instance. Retardeen is really daft.

Pastor 'Tunde Bakare delivered this expose on Fuel Subsidy at The Latter Rain Assembly a few hours ago. Please read, digest, and share with as many people as you can. Enough is ENOUGH.
==
FACTS YOU MUST KNOW: SUBSIDY MADE SIMPLE (SMS)

1) DEFINITION
To subsidise is to sell a product below the cost of production. Since the federal government has been secretive about the state of our refineries and their production capacity, we will focus on importation rather than production. So, in essence, within the Nigerian Fuel Subsidy context, to subsidise is to sell petrol below the cost of importation.

2) THE UNSUBSTANTIATED CLAIMS OF THE FEDERAL GOVERNMENT
The Nigerian government claims that Nigerians consume 34 million litres of petrol per day. The government has also said publicly that N141 per litre is the unsubsidised pump price of petrol imported into Nigeria. (N131.70 kobo being the landing price and N9.30 kobo being profit.)

3) ANNUAL COST OF IMPORTATION
Daily Fuel Consumption: 34 million litres
Cost at Pump: N141.00
No. of days in a regular year: 365 days
Total cost of all petrol imported yearly into Nigeria:

Litres Naira Days
34m x 141 x 365
= N1.75 trillion

4) COST BORNE BY THE CONSUMERS
Nigerians have been paying N65 per litre for fuel, haven’t we? Therefore, cost borne by the consumers =

Litres Naira Days
34m x 65 x 365
= N807 billion

5) COST OF SUBSIDY BORNE BY THE GOVERNMENT
In 2011 alone, government claimed to have spent N1.3 trillion by October – the bill for the full year, assuming a constant rate of consumption is N1.56 trillion.

Consequently, the true cost of subsidy borne by the government is:
Total cost of importation minus total borne by consumers, i.e. N1.75 trillion minus N807 billion = N943 billion.

Unexplainable difference: N617 billion

The federal government of Nigeria cannot explain the difference between the amount actually disbursed for subsidy and the cost borne by Nigerians (N1.56 trillion minus N943 billion = N617 billion).

6) BOGUS CLAIM BY THE GOVERNMENT
A government official has claimed that the shortfall of N617 billion is what goes to subsidising our neighbours through smuggling. This is pathetic. But let us assume (assumption being the lowest level of knowledge) that the government is unable to protect our borders and checkmate the brisk smuggling going on. Even then, the figures still don’t add up. This is because even if 50% of the petrol consumed in each of our neighbouring countries is illegally exported from Nigeria, the figures are still inaccurate. Why?

WORLD BANK’S FIGURES: POPULATIONS OF WEST AFRICAN COUNTRIES

NIGERIA: 158.4 million
BENIN: 8.8 million
TOGO: 6 million
CAMEROUN: 19.2 million
NIGER: 15.5 million
CHAD: 11.2 million
GHANA: 24.4 million

The total population of all our six (6) neighbours is 85.5 million.

Let’s do some more arithmetic:

a) Rate of Petrol Consumption in Nigeria: Total consumed divided by total population:

34 million litres divided by 158.8 million people = 0.21 litres per person per day.

b) Rate of Petrol Consumption in all our 6 neighbouring countries, assumed to be the same as Nigeria:

0.2 litres x 85.5 million people = 18.35 million litres per day

Now, if we assume that 50% of the petrol consumed in all the six neighbouring countries comes from Nigeria, this value come to 9.18 million litres per day.

7) PATHETIC ABSURDITY
There are two illogicalities flowing from this smuggling saga.
a) If 9.18 million litres of petrol is truly smuggled out of our borders per day, then ours is the most porous nation in the word. This is why: The biggest fuel tankers in Nigeria have a capacity of about 36,000 litres. To smuggle 9.18 million litres of fuel, you need 254 trucks. What our government is telling us is that 254 huge tankers pass through our borders every day and they cannot do anything about it. This is not just acute incompetence, but also a serious security challenge. For if the government cannot stop 254 tanker trailers from crossing the border daily, how can they stop importation of weapons or even invasion by a foreign country?
b) 2nd illogicality:
Even if we believe the government and assume that about 9.18 million litres is actually taken to our neighbours by way of smuggling every day, and all this is subsidised by the Nigerian government, the figures being touted as subsidy still don’t add up. This is why:

Difference between pump price before and after subsidy removal =
N141.00 – N65.00 = N76.00

Total spent on subsidizing petrol to our neighbours annually =
N76.00 x 9.18 million litres x 365 days = N255 billion

If you take the N255 billion away from the N617 billion shortfall that the government cannot explain, there is still a shortfall of N362 billion. The government still needs to tell us what/who is eating up this N362 billion ($2.26 billion USD).

ILLOGICAL ASSUMPTIONS
i) We have assumed that there are no working refineries in Nigeria and so no local petrol production whatsoever – yet, there is, even if the refineries are working below capacity.
ii) Nigeria actually consumes 34 million litres of petrol per day. Most experts disagree and give a figure between 20 and 25 million litres per day. Yet there is still an unexplainable shortfall even if we use the exaggerated figure of the government.
iii) Ghana, Togo, Benin, Cameroun, Niger, and Chad all consume the same rate as Nigeria and get 50% of their petrol illegally from Nigeria through smuggling.

These figures simply show the incompetence and insincerity of our government officials. This is pure banditry.

9) FACT 9: The simplest part of the fuel subsidy arithmetic will reveal one startling fact: That the government does not need to subsidise our petrol at all if we reject corruption and sleaze as a way of life. Check this out:

a) NNPC crude oil allocation for local consumption = 400,000 barrels per day (from a total of 2.450 million barrels per day).
b) If our refineries work at just 30%, 280,000 barrels can be sold on the international market, leaving the rest for local production.
c) Money accruing to the federal government through NNPC on the sale, using $80/bbl – a conservative figure as against the current price of $100/bbl – would be $22.4m per day. Annually this translates to $8.176bn or N1.3 trillion.
d) The government does not need to subsidise our petrol imports - at least not from the Federation Account. The same crude that should have been refined by NNPC is simply sold on the international market (since our refineries barely work) and the money is used to buy petrol. The 400,000 barrels per day given to NNPC for local consumption can either be refined by NNPC or sold to pay for imports. This absurdity called subsidy should be funded with this money, not the regular FGN budget.

If the FGN uses it regular budget for subsidising petrol, then what happens to the crude oil given to NNPC for local refining that gets sold on the international market?

10) TACTICAL BLUNDER
The federal government is making the deregulation issue a revenue problem. Nigerians are not against deregulation. We have seen deregulation in the telecom sector and Nigerians are better for it, as even the poor have access to telephones now right before the eyes of those who think it is not for them. What is happening presently is not deregulation but an all-time high fuel pump increase, unprecedented in the history of our nation by a government that has gone broke due to excessive and reckless spending largely on themselves. If the excesses of all the three tiers of government are seriously curbed, that would free enough money for infrastructural development without unduly punishing the poor citizens of this country.

Let me just cite, in closing, the example of National Assembly excesses and misplaced spending as contained in the 2012 budget proposal:

Number of Senators 109
Number of Members of the House of Representatives 360
Total Number of Legislators 469
2012 Budget Proposal for the National Assembly N150 billion
Average Cost of Maintaining Each Member N320 million
Average Cost of Maintaining Each Member in USD $2.1 million/year

Time has come for the citizens of this country to hold the government accountable and demand the prosecution of those bleeding our nation to death. Until this government downsizes, cuts down its profligacy and leads by example in modesty and moderation, the poor people of this country will not and must not subsidise the excesses of the oil sector fat cats and the immorality cum fiscal scandal of the self-centred and indulgent lifestyles of those in government.

Here is a hidden treasure of wisdom for those in power while there is still time to make amends:

PROVERBS 21:6&7

“Getting treasures by a lying tongue is the fleeting fantasy of those who seek death. The violence of the wicked will destroy them because they refuse to do just.”

A word of counsel for those who voted for such soulishly indulgent leadership:

This is the conclusion of the matter on subsidy removal:

i) “If a ruler pays attention to lies, all his servants become wicked.” (Proverbs 29:12)
ii) “The Righteous God wisely considers the house of the wicked, overthrowing the wicked for their wickedness. Whoever shuts his ears to the cry of the poor will also cry himself and will not be heard.” (Proverbs 21:12&13)
Thanks for your attention. God bless you all.

Pastor ‘Tunde Bakare
Sunday, January 15, 2012

The retardeen himself. Foolish Nollywood.

i heard him talk. The idiot lie on TV claiming that "rogues" were also in attendance with NLC during the meeting. Fortunately, NLC act. secretary came afterwards to debunk such. idiot Maku, he thinks he is on NTA.

PointB:
He is taking time off to attend issue bordering on security perhaps. I believe Boko Haram issue is far more critical than the subsidy matter.

cut the guy some slack peep

With who if I may ask? I learnt that azazi was in the meeting with nlc. Anyway, its ok. The meeting was held inside retardeness conf room. Space was insufficient and peeps that will be of value to the meeting are needed to contribute not dumbos like retardeen himself.

The beginning of the end for the retardeen. I'm loving this.

The retardeen has absolutely nothing to offer. He is too dumb to understand the stakes at hand. This is a good development and should be hailed by all.

Bisjosh:
Seun wetin nah! ℓ̊ don try to d̶̲̥̅̊ε̲̣̣̣̥γ̲̣̣̥ reply since U̶̲̥̅̊ no let me ℓ̊ go beat U̶̲̥̅̊ o

Bisjosh:
ℓ̊ d̶̲̥̅̊ε̲̣̣̣̥γ̲̣̣̥ tell U̶̲̥̅̊ na dat PENGASSAN own go worse pass FG go d̶̲̥̅̊ε̲̣̣̣̥γ̲̣̣̥ shake for mouth

What language is this? Latin?
I think BB users should be banned from NL.

These guys dont even believe that Nigerians don wise up. Incite my foot !!!

born2fuck:
I thought Jonathan is a doctor, she should be able to treat his wife

He is not even an animal doctor. he is a zoologist.

dayokanu:
That is not possible

Even though Jonathan is Retardded but I dont this he is violently mad to think up something like that

He has the potential to do such. Never say never with the retardeen.

deadlocked for now !!!!!

coonz:
strike continues, meeting ends in a deadlock

Good. Just heard it now from Channels.

Mannylex:
Talk about a die hard GEJ hater. All of your post always bashing d poor man. Even your siggy says it all.

I hate no one. aint just comfortable with his leadership skills. Been following his activities since his bayelsa days where he failed miserably. About my siggy, at least i didnt spice it for him, i qouted him verbatim.

i'v always known that the retardeen has no "balls". No wonder patience still crave for the embalmed manhood of dead ojukwu. why did he tell us earlier that he wont bulge and ready for any kind of protest?

dayokanu:
The drunken fisherman must go and sip kaikai before he can stay awake

Even when awake, the Retardeen is brain dead.

OAM4J:
UPDATE: President Jonathan stepped out of the meeting briefly but has returned

What do u expect, he doesnt fully understand what is being discussed. Abegii, what is "Prime Minister" Ngozi saying?

whats wrong wth the retardeen now? does he have to see them before he revert back to N65?

One even said an average Nigerian has four cars.

[quote author=Chyz* link=topic=843985.msg9943982#msg9943982 date=1326305097]Good. No Igbo should come to this guy jonathan's help. He tried to have our 2nd niger bridge building sabotaged by PPP or whatever screwed up company that is instead of having the FG build it. What of the dredging of the river niger? Why has he sat and done nothing even though he is aware that we are being screwed. Forget that guy. Let'em burn! [/quote]Dont worry, these projects have been captured in the SURE-P document. they will be done including onitsha super-port.

maryjames9:
You no get sense
Is it by force you must post?
There is this amount of corruption and there is still on-going investigation and you open your silly mouth to talk rubish

eeediot

Abegii, free him. he is like that by default.

maclatunji:
I agree with you totally,I am just saying that Sanusi's brilliant economic analysis does not make any sense when political office holders are stealing with alarming ease and impudence!

Exactly, what these thieving bastards will do they will do. Who is sanusi that will stop them?

ortopazz:
@tunji my own L.G.A chairpersun who's a caretaker has bought 3jeepz,a murano too,already, frolicking wiv bitches down here, yet he claims he hasnt been paid salary yet! Am tired of thz govt poo!

nadkaf:
I am sure it is not Sanusi's job to call this fellow to order. If he is indeed in your LG, why not raise the necessary awareness in your community to call him to order? If correction must start, let it start from the grassroots! We are castigating the federal government yet we let the local officials get away with murder!!!!

That is the reason why we must starve these LG bosses of funds from subsidy removal including their govs.

sweet9ja:
Nigerians are really fools. So, on what ground are they going to impeach mr. president?
Has he breach the constitution of Nigeria? It's only in Nigeria that someone is punished for doing his job properly.
No wonder the country's been in steady decline.  
Get real guys these are empty threats, anyway, the end seem to be drawing near for Nigeria as we know it.

1) Did the retardeen spend more than was budgeted for for subsidy last year without recourse to NASS therby committing an impeachable offence?
YES the RETARDEEN did

2) Has the Retardeen started implementing the proposed budget for 2012 without the NASS authorising him to do so thereby committing an impeachable offence?
O YES the RETARDEEN has started doing that

Honestly, morons abound on this thread. here are the facts:

1) Did the retardeen spend more than was budgeted for for subsidy last year without recourse to NASS therby committing an impeachable offence?
    [b]YES the RETARDEEN did

2) Has the Retardeen started implementing the proposed budget for 2012 without the NASS authorising him to do so thereby committing an impeachable offence?
    O YES the RETARDEEN has started doing that

The Pastor is on point and we need more of such calls from All Nigerians expecially Non-Bigots.[/b]

newsnaija:
Products subsidized in Nigeria - PMS and Kerosene
Demand
PMS - 35 million litres /day
Kero - 8 million litres/day

Am interested in understanding what ur post is all about and in giving my comments but can u kindly substantiate the above. Better still with supporting documents if possible.

ASOROCK b:
What the hell are they waiting for? Carry On Boyz!

i honestly dont know what they are waiting for. Do they need to be told before this is done. some chaps are simply dumb.

one route seems to be blocked, we will try another route most likely from the north.