₦airaland Forum

Thanks femmy. Does NL have a list of reg'd dealers one can patronize? Thanks mod 4 putin dis on front page.

I am very new to Nairaland Auto section and I look forward to someday purchasing a vehicle from some seller here.
But I wonder at some low prices offered for some so called "big time cars". could they be stolen?
How does one guard against stolen vehicles? And why do some peeps offer low prices for these cars and in cases like this(is it due to the saturated nature of Nigeria's car market); and how does one guard against being ripped off?
Awaiting response.
Thanks.

Pictures please

*wink wink*

puppiluv:
the car is in Ibadan.

The car is Ibadan?
I am in Ibadan too O

All I need now is one million and I am sailing
Clean ride, OP. Hope you get a good buyer.

*salivating*

On a second look, I recognize the area those pics where taken. That is Akobo, in front "Estate", the Air force base.

I would advice Beaf and the boys he has in his employment to find something better to do with their time.
Or else you pay dearly for the Nigerian people's money you are gulping and then working against their interest!

^^^^^^^^
That my guy is the true cost of subsidizing fuel; and that is after too much has been taken for granted

Being Text of Speech delivered live at the Latterrain Assembly, Lagos, Nigeria – Sunday, January 15th, 2012.

1. DefinitonTo 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 GovernmentThe 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 ImportationDaily 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 ConsumerNigerians 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 ConsumerIn 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 GovernmentA 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 AbsurdityThere 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. 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).

List item goes here




8. Illogical Assumptionsi. 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 9The 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 BlunderThe 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:

1. Number of Senators: 109
2. Number of Members of the House of Representatives: 360
3. Total number of Legislators 469
4. 2012 Budget Proposal for the National Assembly N150 billion
5. Average Cost of Maintaining Each Member N320 million
6. 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:

“trust a man who once had no shoes, or you may end up losing your legs”
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

I saw d video of his ministration in IB
O boy, I wake up ke
Its a fearful thing
Its making me reread d NT all over again

Paid in my bit moments ago
Pls keep us updated on her welfare
May God restore her health
Cheers!

agabaI23:
@ Jarus,

Like I said earlier, some of the insinuations cannot survive unbiased scrutiny and those include most if not all the questions.
I am actually interested in the incarceration allegation. That's a very weighty allegation which should land the author in prison if it is not true.

It was Soyinka who said there is a religious rivalry btw christians and muslims in Nigeria and it has led to all sort of hate. It was what compromised the 2011 elections; it is presently fueling the BH insurgency and only God knows where it will lead us to next.
The autor of these allegations is a Christian and many of the things he has said many of my christian brethren share the same sentiments. It's very unfortunate.
One of the biggest sins of all time, and arguably unforgivable before God, is to lie against another human being with the aim of tarnishing his image. If SLS was never incacirated by Abacha and that author said he was, he has God, not even the law courts, to contend with.

I am a born-again Christian but I fear where this hate btw Muslims and Christians is leading the nation to. Already we have an incompetent President voted in solely on the basis of his religion and ethnic affilitaiaon. What else is left to happen. We had better end this.

Well done Jarus, for your effort in defending SLS, but God is certain to do better.

I maintain that we must put aside religion to fix this country and then use the tenets of our religion to regulate our conducts in public office to move the country forward. All other issues of contention in religion will not do the country any good; the basic tenets of the two religion if followed religiously are enough to make Nigeria heaven on earth.
Peace!

I meant almanata
Guess OP is justified
Lol!!!

That is almanata. Sorry
Before the vultures swoop on me!
lol!!

While the OP cannot write correct English he wants ABU to give him admission
Abeg, leave my alamanata alone!

Pls fwd account details to me. I would donate 1K towards the cause
Wishing her speedy recovery

The Buhari that can't pay his rent; HOW MUCH WOULD HE HAVE 2 SPONSOR BOKO HARAM?
Haters should be consistent atleast.

What is the aunthenticity of this story.
Sound like fabu to me

Was it not CPC office that was shut; now his home

hoax!

@Outstrp
LOL!
I believe she shares those sentiments too. She wanted a boy. Next will be a set of identical twin boyz.

Insightful!

Virick:
@DrummaBoy

As far as im aware, babies have a range of vision that exceeds an adult human's and this ability carries on with kids till they are successfully "indoctrinated" (not a complement to all parents) into what or how they should think, what to believe, what is right or "wrong". A child is able among other things, to perceive the aura of living things around it.
Do note that the area just above ur your head is a spot of particular interest. Our Auras, for kids who can and do see it; adults who have retained the natural human psychic abilities aka (so called "witches" and "possessed" people   ) as well as now invented machines that have proved the existence of and capture Auras on pictures, are able detect the subtle changes of Auric light intensities and colours that accompany human moods, and intentions. I'm saying, you are being read like a book! Children are also able to see their personal guides or "destiny guardians", they do perceive what we like to call spirits (a term very misunderstood and mistaught by religion).

Thank you Virick for that inciteful piece. I also thank everyone who made a contribution. My wife and I had wondered. I can't wait to show her the responses on this thread.
I do I agree with Virick on the ability of to see beyond what Adults see. When I come back from the office, and I have missed her so much. I want to go and play with her, but my wife insists I should take a bath. By the time I am through and I want to pick her up, she is sleeping. But If I wait a minute or two around her pram, she begins to move and if I wait long enough she actually awakens (to the annoyance of my wife, who has to breastfeed again). I would happily carry her and rock her till she returns to sleep or till Wify have to feed her again. Even when she was in the womb, when I return from the office, my wife says she begins to jump and somehow is excited.
I wonder how one can still help them retain this "supernatural" ability and not "indoctrinate" them totally.

Thank you again everyone. Your contributions has been so helpful. And for those who said so, I am very happy to be a father. @35yrs, having my first child now is a blessing I do not take for granted at all.

ada24:
u do know that a newborn only has about an approx 10cm viewing range and its mostly black and white, they don't see things properly until about 6 months I think.

let google be ur friend and do a quick search for the answer - sometimes its not by force to start a topic (i mean that in the nicest way possible)

Thank you ada for the advice. I could use google true. But you know how this search engines can cough up so much infos and now you get to begin to peruse through them. I was hoping women here could help with both facts and fables on the issue.

I am not comfortable with d too formal nature of my offic
Calling people by designation rather than first name lik banks

Once tired of being shoeless
Now tired of being clueless
Soon to be tired of being jobless
If not lifeless
BewareLESS!!!

@Ada24, so they are not a joke, what are they?
What do U think babies could be staring @.
Its no issue but I just wonder

Some hav suggestd Spirit, other babies in heaven
I think they are trying to recognize objects
What do U think?

My baby girl is 6 weeks. Sometimes she just begin staring @ Something. When I look there, there's nothing & she keeps on

Why do MOG today think they are above critisims and have to bind people in fear
Errors proliferate in such enviroments

Luther, Calvin, Huss, Zwingli, Whitefield, Wesley, Spurgeon, King Jnr, etc criticized estab church of their time

Peter was criticzed 4 going to a Gentile for which he explained his action
Early Xtian leaders exp 2 b critized

Most of Paul's letters was in defence from those who questioned his ministry
He never saw himself above critisms

Paul rebuked Peter and saved a major apostacy in d early church
Paul&Barnabas argued
Paul accepted he's wong on Mark

His statement "I didn't know he was high priest" was sarcastically refering to his actions negating his high office