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Politics › Re: FG Is Right On Fuel Subsidy Removal by DropShot(op): 11:59am On May 13, 2016
Bassee:
It's attitude. Times are harder for majority of Nigerians, cost of most goods and services will increase in days. Since more money would now be available to the FG, I thought I'd hear of plans to increase the minimum wage of the Nigerian worker cause their purchasing power has now been reduced by this increase. You can't just tell the people to endure the pain if you can actually do something to lighten their yoke.
But Labour is already negotiating with the govt for increase in workers wage.
Let's hear what the govt plans to do to ease the burden but removal of subsidy is the way to go.
Politics › Re: FG Is Right On Fuel Subsidy Removal by DropShot(op): 11:59am On May 13, 2016
Bassee:
It's attitude. Times are harder for majority of Nigerians, cost of most goods and services will increase in days. Since more money would now be available to the FG, I thought I'd hear of plans to increase the minimum wage of the Nigerian worker cause their purchasing power has now been reduced by this increase. You can't just tell the people to endure the pain if you can actually do something to lighten their yoke.
But Labour is already negotiating with the govt for increase in workers wage.

Let's hear what the govt plans to do to ease the burden but removal of subsidy is the way to go.
Politics › Re: FG Is Right On Fuel Subsidy Removal by DropShot(op): 10:37am On May 13, 2016
juman:
They have got nothing right since they came on board.
That's because you've chosen to be blind to it.
Politics › Re: FG Is Right On Fuel Subsidy Removal by DropShot(op): 10:22am On May 13, 2016
Esseite:
The op has a good source of income and can afford to cut cost.... now imagine those managing from the very start and cutting down is death?...
How do you know anything about me?
Politics › Re: FG Is Right On Fuel Subsidy Removal by DropShot(op): 10:19am On May 13, 2016
juman:
But this present government is unserious one.
How?
Politics › Re: FG Is Right On Fuel Subsidy Removal by DropShot(op): 9:45am On May 13, 2016
LadyExcellency:
Tell me more, 7 months into his inauguration?

You are wrong, nobody questioned or came up with Jonathan's integrity after 7 months into his administration until your fake, sponsored and bigoted anti-deregulation protest.

His approval rating was at all time high of 70+ on December, 2011
No sir. He had already proved to be Ineffectual since his days as acting president and later president in 2010.
Politics › Re: FG Is Right On Fuel Subsidy Removal by DropShot(op): 9:09am On May 13, 2016
DesChyko:
The plain reality is that Jonathan was right. Unfurling layers after layers of semantics doesn't coat your double-standards.

Meanwhile, in one breath, you ridicule him for not saving during the days of boom. In another breath, you post this:

Make up your mind
The plan was right but he didn't have the trust of Nigeria not to waste the ploughed back subsidy.

If the scenario occurs again with GEJ at the helms, we will resist him. There lies the difference.
Politics › Re: FG Is Right On Fuel Subsidy Removal by DropShot(op): 9:07am On May 13, 2016
LadyExcellency:
The only write-up worthy of appreciation or/and reading now should be: Jonathan was right on subsidy removal.

Tell us the flaws of Ojota's sponsored bring-back our subsidy protest.

Condemn every opposition and demonization of Jonathan's administration on Subsidy removal January, 2012.

Blast every anti-deregulation cabal and opposition to Jonathan administration second push to total deregulation when he re-echoed it six months after the previous was defeated.

Do you know that the two challenges that escalated looting in Jonathan's administration was imposed on him? I mean fuel subsidy and Bokoharam. Both anti-deregulation and Bokoharam were sponsored to bring down Jonathan's administration and there they succeeded.

Let's for once appreciate some of the great policies of past administration.
As I said, he would have been right and successful if he had not proved to be corrupt and ineffectual. End of story.
Politics › FG Is Right On Fuel Subsidy Removal by DropShot(op):
Times are tough, no doubt. The situation we find ourselves as a nation is dire, no doubt. As the FG announced the new price regime for fuel pump price from 87 naira to 145 naira max, a lot of people including on this forum have criticized the action of the government and accusing it of insensitivity to the plight of the common man.

While this article is not deliberately focused on the past administration of GEJ and how it managed our resources, it’s nearly impossible to attempt to justify the current government’s action without needing to make reference to the oil boom period of 2011 to 2014. Had the immediate past administration judiciously utilized what we earned and what it inherited from OBJ/Yar’Adua, it’s very unlikely that we will find ourselves in this messy situation.

While I don’t oppose a government providing palliatives to its citizens to cushion effects of high cost of essential commodities, it makes no economic sense to do that if there are no resources to do it. Nigeria with a paltry $27 billion dollars in foreign reserves (GEJ met it at $47 billion, earned more than any president in Nigeria’s history, yet depleted it to abysmal level), $2 billion in Excess Crude Account, lacks the resources to subsidize fuel.

In the same way, it will be disastrous to support a corrupt regime to remove subsidy from essential commodities while the president watches helplessly as his foot soldiers defraud the citizens and enrich themselves corruptly. Numerous corruption cases ongoing is a reminder of how GEJ allowed the Dasukis, Bafarawas, Akpobolokemis, Mettuhs, Diezannis, Inde Dikos and many others steal us blind.

Brief History of Fuel Subsidy
Beginning from when OBJ re-introduced fuel subsidy in 2006 as a palliative for high landing cost of imported refined fuel, Nigeria has spent more than N6 trillion to subsidize fuel since then
*2006 – N151.9 billion; *2007- N188 billion; *2008 – N256.3billion (January to July); *2009 – N421.5billion; *2010 – N673 billion; *2011 – (N1.3 trillion)revised to N2.19 trillion; *2012 – N888 billion + N161.6 billion supplementary *2013 – N971 billion; and, *2014 – N971.1 billion
http://www.vanguardngr.com/2015/05/why-fuel-subsidy-must-go-2/
The amount spent on subsidy in 2015 was in excess of N1 trillion
http://www.dailytrust.com.ng/news/general/nigeria-spends-n1tr-on-fuel-subsidy-in-2015-kachikwu/124416.html

Why Fuel Subsidy Is Not Sustainable Now
It’s not a hidden fact that our earnings from crude sale has nose-dived; more than halved from what it used to be. The average crude price per barrel now is below 30$ since beginning of this year. When compared to an average of $90 to $100 for the four years of 2011 to 2014, no one need a rocket scientist to understand the money to subsidize the product is no longer there.

Throughout the world, all countries that have their economy largely dependent on crude oil have experienced economic set-back and most of them have taken drastic actions to cut back on their expenses on subsidy. Saudi Arabia, at the beginning of crude price fall had more than $600 billion in foreign reserves, yet she increased fuel pump price by 50% http://money.cnn.com/2016/01/05/news/economy/saudi-arabia-oil-budget-gas/.

Qatar increased fuel price by about 35% and still planning to increase it further, UAE and many other Gulf countries refine their own crude locally, can afford to keep subsidy, yet have all removed some subsidy from petroleum products. The only places where fuel prices have gone down since crude price crash are the economies that were not enjoying any form of subsidy when crude price was high.

Going by this summation, it amounts to irrationality, lack of having any grasp about happenings in the world economy, or pure and deliberate emotional blackmail to expect Nigeria to be able to keep subsidizing fuel especially with her current economic recession.

Why Nigerians Were Right to Oppose GEJ’s Subsidy Removal in 2012
I, among many other Nigerians were opposed to GEJ’s plan to remove subsidy from petrol in 2012 and here are some of the reasons:
1. GEJ by then had already proved to be shamelessly corrupt and lacking the political will to stem the tide. So, we were right to believe that the subsidy to be removed will still end up being looted one way or the other. Events since after the partial removal have proved us right as not a single measure of the promised palliatives was fulfilled. No mass transit buses. No new refineries as promised. No new roads built as promised.

2. Nigeria was earning excess from crude oil as at then. As such, we should be able to enjoy some part of the excess profits through subsidy. If ministers, Special Advisers and other top government officials were stealing us blind and we saw them, why should we not have a right to some subsidy which was paid for by the excess earnings from our crude?


The Way Forward
For Nigeria to get out of the fuel crisis quagmire, there are certain things we should be doing but are failing to do:

1. Diversify the economy: In the past, lip service was paid to economic diversification. To be sincere, we have missed our best opportunity to diversify our economy with little or no pain. The second best opportunity is NOW which unfortunately comes with pains and sacrifice. We cannot expect the government of PMB to diversify the economy and not plough resources from subsidy towards the diversification; especially when we are earning far less than we require now.

2. Build more refineries: Without having the capacity to refine our local petrol demand in the next two to three years, fuel price will go up further and we will be back to square one when crude price goes up astronomically again. It’s good to hear that the FG in partnership with some businesses is planning to have new refineries on board within three years from now. I hope it comes to fruition.

So, should we find ourselves in the same position as 2012, with a president who acts like GEJ, I am certain Nigerians will resist any attempt to remove the fuel subsidy. But given the current economic situation and the type of president we now have, it will be unpatriotic not to support him. Even his worst detractors know in their deep heart that this president is not an IB and not a corruption personified.

Constructive criticism is welcome. Empty brains should stay away!
Politics › Re: Okorocha: I Won't Contest Presidency In 2019 Because Of Buhari by DropShot: 3:28am On May 13, 2016
kessler53:
Kwankwaso,Sule Lamido and myself.
Both combined as opponent on the ballot paper can't come close.
Politics › Re: Christiane Amanpour Interviews Muhammadu Buhari @ 7pm On CNN by DropShot: 7:26pm On May 12, 2016
OgbonnaUbani:
About the Chibok girls parents. What a shame.
Hypertension is real.
Politics › Re: #WhySubsidyRemoval Trends On Twitter by DropShot: 7:21pm On May 12, 2016
EliteQueen:
U guys should not blame buhari, blame the Illiteracy in him. He never understood the actual meaning of subsidy, the only thing he understood was I will fight kwuruption.
You're not making sense. I understand your frustration though!
Politics › Re: Proof Buhari's/APC Fuel Subsidy Is A Scam Planned Months Ago To Decieve Us by DropShot: 4:57pm On May 12, 2016
AreaFada2:
Wrong. Ghana implemented subsidy removal roughly same time. They were not making less money from gold.

You implement policies from a position of strength. Knowing the difficulty of fighting fuel subsidy scam, it was best to removed it already, take from our income and add to money saved to repair refineries.

GEJ jailing Otedola and others in the scam would have only caused uproar from SW and North (most subsidy scammers were from there) of "GEJ is a militant who wants to punish SW/The North."

You don't start running around like a headless chicken when things are already hard, you save however you can in good times.
Stop making excuses for GEJ's failure.

Yes, it could have been best done during excess crude earnings but since the govt of then had proved to be hopelessly corrupt, and lacking trust of the citizens, Nigeriana were right to resist it.

BTW, the palliatives promised for the partial removal they eventually did, where are they?
Business › Re: FG Close Nicon Luxury Abuja by DropShot: 4:47pm On May 12, 2016
TANTUMERGO007:
so many people would go jobless, even if they pay they would cut many jobs to meet up undecided




boooohari is indeed a daft full
Senseless post.

So, businesses should continue to shortchange the govt ?
Politics › Re: Proof Buhari's/APC Fuel Subsidy Is A Scam Planned Months Ago To Decieve Us by DropShot: 4:40pm On May 12, 2016
ndcide:
Why do you think this is the right time and not before now.

In 2012 we were given the breakdown of how the price was about N140.. What is the breakdown down that gave us N145.. Especially since crude oil is not priced low.

With this, don't you think Nigerians will be paying more than other countries comparatively?

One of the media big men here in Lagos just told us that he was wrong to have opposed the deregulation in 2012. Do you think we all were wrong or we should insist, for political sentiments, that 2012 was not a good time to deregulate, giving that the government have been advocating deregulation even when obj was president?

Besides, the popular cliche, corruption, have been one major reason to deregulate even before, 2012, in 2012 and now too.

Do you think we allowed corruption in that sector to remain by our insistence in 2012?.. I think we did because the subsidy corruption remained even with this government.
In 2012, Nigerians were entitled to subsidy given that we were making a hell lot of money from crude sale.

Now, we're not making reasonable profit from crude sale and it's not sensible to still subsize when you're already losing money.

Check other countries where they enjoyed subsidy prior to crude prise crash and you'd realize that they've all removed some subsidy.

Qatar, Saudi, UAE, and many others have increased fuel pump price. It's only those countries where there was no subsidy prior to crude price crash that have witnessed reduction in fuel pump price in tandem with reduction in crude price.
Politics › Re: Nigerians Reject Labour Move Against Pump Price by DropShot: 3:07pm On May 12, 2016
PMB has my support throughout his four years. After it, we will rate his performance.

omenka:
Good!! cheesy

Another arrow right through the dark hearts of the Zoofrarians. cheesy

Let them initiate another round of whining on the forum and beyond, type insults directed at Omenka until their thumbs get sore, curse others who dare to take a different position from theirs, and wipe each other's assess clean with their tongues- NOTHING will happen.

If you don't like my comment- go fvck yourself.

If you don't like the President, go fvck yourself.

If you don't like Nigeria, go fvck a gargoyle.

If you don't like Nairaland, go fvck another gargoyle.

If you are too poor and miserable, and think insulting everyone else but your parents would fix your poverty, go get a rope and a chair and do the needful- save the world some oxygen.

If you are an iDaft yoot, screw you with knobs on.

Thank you.
You just took them to the cleaners. Wicked you.
Politics › Re: Buhari Moves To Restrict Corrupt Persons’ Movement by DropShot: 2:58pm On May 12, 2016
Great. No place to hide for looters who brought this calamity on us.
Politics › Re: ***Great No More Fuel Wahala- Nigeria's New Mode Of Transport*** by DropShot: 2:56pm On May 12, 2016
Knighttemplar:
but you cant ride bicycle from lagos to ibadan. You get tired before the half journey.but you cant ride bicycle from lagos to ibadan. You get tired before the half journey.
You don't have to ride it from Lagos to Ibadan. It's just enough for local commuting. It's what's obtainable in many developed cities around the world.
Politics › Re: ***Great No More Fuel Wahala- Nigeria's New Mode Of Transport*** by DropShot: 2:44pm On May 12, 2016
Knighttemplar:
Since Buhari and F.G have decided to turn nigerians into modern day ghengis khan warriors.
This should be the wisest mode of transport

*Doesnt need fuel
*Doesnt need mechanical part
*Easy to learn
*Fun to ride
***Less expensive to maintain just feed it, brush it and take good care of it like your child, babe(GF), boo(BF), wife, husband, and anything you have ever loved most because it needs it and you good to go.
Isn't a nice bicycle better?

Plus advantage of the exercise it offers.
Politics › Re: Fresh Explosion Kills Two In Maiduguri, Others Injured by DropShot: 1:56pm On May 12, 2016
Flets:
Life shouldn't be this hard. Nigeria cant be at loss on all sides.

Its time to get rid of Buhari somehow.
Joker!

Frustrated soul.

Go bring IB there nah. cheesy
Politics › Re: Nnamdi Kanu: "Buhari Influencing Judges To Convinct Me" by DropShot: 1:44pm On May 12, 2016
TippyTop:
Explosion rocking Maiduguri today, militants blowing up all "blowables", Shiites waiting to pounce, IPOB may as well put the final nail on the country formerly known as Nigeria.
Dreamer!

cheesy
Politics › Re: Nnamdi Kanu: "Buhari Influencing Judges To Convinct Me" by DropShot: 1:40pm On May 12, 2016
grin

The numerous pronouncements of our Dilector are enough to influence the judges to convict him nah.

Where you put your brain when you dey yarn dust?

It has not even started for you.

Na Dilector and ATM Dasuki PMB dey refer to here:

"I admit that there are a few cases where apparently stringent rules have been applied as a result of threats to national security and the likelihood that certain persons may escape from the country or seek to undermine the stability of Nigeria". - PMB
grin
Politics › Re: Okorocha: I Won't Contest Presidency In 2019 Because Of Buhari by DropShot: 1:37pm On May 12, 2016
BarryX:
Stood a chance when?
Which year was that? And who rigged his election and please make the records open?

Nigerians are the most forgetful people in the universe.

A man who, in 2003 singlehandedly scored 12.7 million (32% of all votes) votes against the rigging machine of PDP, who got 12.2 million (still 32%) against GEJ in 2011 despite the massive rigging still, is the man you say he never stood a chance?

If anyone is forgetful or lazy to check records, it's you.
Politics › Re: Okorocha: I Won't Contest Presidency In 2019 Because Of Buhari by DropShot: 12:50pm On May 12, 2016
Kingspin:
If you think Buhari is the only person qualify out of 170million Nigerians then we have more reasons to worry.
And why is it difficult for you to think another credible candidate so we don't have any reason to worry?
Politics › Re: Okorocha: I Won't Contest Presidency In 2019 Because Of Buhari by DropShot: 12:45pm On May 12, 2016
wordychap:
Talking as if buhari is doing well presently
In 2019 he'll be defeated if he allows a free n fair election
By who nah?

Why will he not allow free and fair election? Anything to think in that direction?
Politics › Re: Okorocha: I Won't Contest Presidency In 2019 Because Of Buhari by DropShot: 11:57am On May 12, 2016
BarryX:
As at 2012 do you think Buhari stand a chance of winning the presidency?

Just relax events will play themselves out
Buhari had always stood a chance but for rigging.

Go check records.
Education › Re: BREAKING NEWS: All Federal Universities To Pay The Same Fees – FG by DropShot: 10:22am On May 12, 2016
LaExpert:
1. Your initial post was a response to someone that rightly pointed to the fact that the Govt has not increased the minimum wage, not necessarily insinuating that most parents earn 18K...of which I asked what happens to the ones that earn 18K...and you pointed it out that those who earn that sum are messengers, drivers, cleaners etc.

Do you mean those ones don't have kids?
Or are their kids undeserving of University education if they want it?


2. Everyone that wants university education deserves to get it. If my father works as a driver in a government establishment and earns 18K, how do you expect the family to cope?

Must the poor ditch formal education because it is expensive? Are they not Nigerians?


Look beyond your own condition and interest and see from others' perspective. Many Nigerians live in poverty, Unemployment rate is high! These are REAL issues.
OK.
Education › Re: BREAKING NEWS: All Federal Universities To Pay The Same Fees – FG by DropShot: 8:57am On May 12, 2016
LaExpert:
The 18K isn't the real issue.
How many people have the government provided good jobs for? Do you know the unemployment rate in the country?

In reality, a very large percentage of Nigerians live in poverty.

The government won't be helping matters by increasing the cost of the most important development tool.

I'm totally disappointed at the bold!
If you deserve university education, then everyone else deserve it; even the poor...you're not so special.
My post that triggered this was specifically a response to insinuation that most parents earn 18k. So, I end that issue here.

You needn't disappointed for a stmnt of fact that university education is not for everyone. It has always been a fact and it will remain one till end of time.

Not getting university education doesn't mean one's life is incomplete or worthless. Many people attended technical colleges, many engaged in trading, others opted for special education just to fit into the society and many later turned out better than some that got university education.

Think through my posts before replying.
Politics › Re: Okorocha: I Won't Contest Presidency In 2019 Because Of Buhari by DropShot: 8:45am On May 12, 2016
No way for any other politician in 2019 as far as PMB is still contesting.

And if you doubt me, tell us who you think has a 50% chance of defeating him?
Politics › Re: Breaking- EFCC Detains Ex Finance Minister With Embarrassing PICTURE!! by DropShot: 8:43am On May 12, 2016
[size=16pt]
grafikii:
If this guy was ibo, they will say Buhari wants to humilate the entire tribe.
[/size]


Edit your original post as this.
Politics › Re: Buhari To SkyNews: 'Yes' Nigeria Is Corrupt (Video) by DropShot: 8:35am On May 12, 2016
So?

David Cameron was right and we know it.

PMB doesn't have to deny we're corrupt. Or are we not?

However, Cameron or any other leader is not expected to ridicule a fellow nation, especially the one you call your ally.

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