₦airaland Forum

The NNPC GMD announced the end of govt regulated prices in 2020.
Wake up.

okeyglm:
I don't see why u are keenly more interested in petroleum.
they removed subsidy for LPG you people didn't talk.
kerosene no wahala.
diesel that one no follow.
are you sure your not among those people smuggling petrol, to Cameroon, Chad, Niger, Benin, Togo etc..

#SackPetroleumMinister
Zombies, how poverty?
Suffering and smiling
Nigerians, wake up.

By Nse Anthony-Uko8

Nigeria lost not less than $3.5 billion revenue to crude oil theft in 2021 alone, representing about 10 per cent of the country’s foreign reserves according to agency reports.
Recall that earlier report indicated that Nigeria lost almost 200 million barrels of crude in the first 11 months of the year, mainly due to oil theft. But these experiences are all too common, and not limited to Nigeria alone. Year on year, we are seeing huge oil losses because of theft.
Available data indicates that Nigeria lost 42.25 million barrels in 2019 and 53.28 million barrels in the year prior, owing to oil theft.


Oil theft in Nigeria is made easier by several factors. Aging infrastructure, such as oil pipelines, makes it easier for thieves to get access to the crude. In addition, general underinvestment across the sector and poor security of the country’s waterways means little is being done to tackle the crime. Some security agencies even collude with cartels for the pay-out.

While Nigeria hopes to meet its OPEC quota of 1.68 million bpd of crude for January 2022, these types of crimes are making it increasingly difficult. Over the last few months, Nigeria has been producing closer to 1.25 million bpd, demonstrating the uphill battle it must face meeting this target.
And the high prevalence of oil theft is driving international investors away. While the problem persists, oil majors are taking their money to more reliable markets with better monitoring and surveillance practices. Shell, ExxonMobil, Chevron, and Total have all already moved their operations to other regions, despite Nigeria being Africa’s biggest producer.
The Nigeria Extractive Industries Transparency Initiative (NEITI), the country’s oil industry auditor, published a report in 2019 that suggested the OPEC state had lost around 138,000 bpd of crude to theft over the previous decade, at a value of around $40.06 billion.

In September last year, the Nigerian government set up a committee on the recovery of crude oil and illegally refined petroleum products. The group comprised the Department of Petroleum Resources, the Nigeria National Petroleum Corporation, the National Oil Spill Detection and Response Agency, the Nigerian Army and Navy, and the Nigeria Security and Civil Defence Corps. But Nigeria still experienced huge losses throughout the rest of the year.

Despite previous discussions about how to prevent this situation from continuing, little investment has been made to curb the trend. For example, there has been an unwillingness to fund technologies that could monitor oil and gas pipelines across the country to recognize sabotage or human interference and prevent theft.
And this is after years of widespread oil theft in Nigeria. In November 2015, thieves stole $250 million worth of crude from just one pipeline, around half a billion liters. As Africa’s biggest oil exporter, it is vital that the government and oil industry work in unison to curb this costly trend before it gets even worse.
But this is not a problem that affects Nigeria alone. While most of the oil comes from Nigeria, the effects of the crime spill over into other West African countries, according to the UNODC. Cartels in the Niger Delta region generally steal crude by ‘hot tapping’ – attaching a secondary pipeline to a mainline, or ‘cold tapping’ – blowing up a pipeline and replacing it with their own. They then export this oil illegally to countries such as Ghana, Cameroon, Cote d’Ivoire, and South Africa. Some even reach the international market. Corruption comes into play as oil tankers are often over-filled, with exporters bribing officials that control the transportation of the product to turn a blind eye.
While Nigeria is not the only country to face oil theft directly, with case studies on Ghana, Morocco, Uganda, Mozambique, Mexico, Thailand, Azerbaijan, and Turkey, reports show that it experiences the most significant average losses by far. The lucrative nature of the crime makes it all the more common in poorer states. For example, in 2009, tapping a Mexican pipeline for seven minutes to access its refined oil could earn a cartel $90,000.
While oil theft across the global industry averaged 70,000 bpd of crude output in August 2020, Nigeria experience significantly higher losses.

https://googleweblight.com/sp?u=https://leadership.ng/nigeria-lost-3-5bn-oil-revenue-to-oil-theft-in-2021/&grqid=vQG2hLvn&hl=en-NG

If you're hallucinating, go and wash your face.
You can't be making stupid statements, simply because you think you're untraceable.
Since my advice seems to be beyond you, you're ok to remain at your level.

Piggyeasterner:
that is how you insult other tribes too so stop crying

Lol.
Now, you're ignorant abi?
Anyway, Google is your friend.

Coldie:
How did Buhari kill igbos please tell me I want to know

And how does that relate with your post on southeast presidency

There's a reason why in 6 years, buhari has blatantly refused to fix a SINGLE refinery.
-and this is your petroleum minister.
Right?

It's the same reason why a man who claimed he didn't believe in subsidies has KEPT PAYING them.

And when you look into the two, you arrive at the reason why he's planning to "finally" end the subsidies this year.

To those of you poor Citizens still supporting this man, the joke's on you.

Happy 2022.
God bless.

There's a way you will insult someone and they will have to respect the way you did it.
Go and learn how, instead of sounding like a bloated, brainless teenager.

Piggyeasterner:
meth takers hate this bolded statement

Nice one.
But...

JaroMan:
The contenders are busy strategizing. You see, the politics of Nigeria is different from others. Noise is good in politics, but recently, the loudest always lose out.
Watch out for
Ogbonnaya Onuh
Dave Umahi
Rotimi Amaechi
Osibanjo
NB: the order is intentional

Ah,
So you do believe in the politics of retribution; and that buhari was justified in the killing of igbos.
Ok then.

Coldie:
If u guys followed igbos in Apc the same way Buhari could remember Okadigbo his voice from far back as 2003 that’s how he would have remembered u people.

If u guys had followed igbos in Apc the insecurity destruction and confusion existing in the southeast won’t be existing.

Buhari looked for igbos in Apc to give appointments after he won in 2019 that he had to give a former Apc member that was in pdp that had to move back to Apc appointment because he wanted to fulfill all righteousness of at least i appointed Igbo people.


Shud I continue

I wonder where you get your information from...

flokii:
@OP What do you mean by how far? did they deliver their states for APC or did Igbos vote APC into power?

The same way they failed to get support from Igbos in 2015 and 2019 is the same way they won't get anything from APC in 2023.. You can't reap where you did not sow.

Ouch!
Dis one na fatality o.

Naijanascam:
Their rewards are in heaven........

This is what happens when you sold your brothers .....even your buyers won't trust you

Make i manage this for my Sunday abeg

Thank God that there's a vast difference between your pedestrian thinking and national politics.

flokii:
@OP What do you mean by how far? did they deliver their states for APC or did Igbos vote APC into power?

The same way they failed to get support from Igbos in 2015 and 2019 is the same way they won't get anything from APC in 2023.. You can't reap where you did not sow.

APC was formed without igbos?
Abeg, Google is still friendly o

aremuforlife:
What do you expect them to achieve in apc within their short period of belonging to apc.

Isn't that what primaries are for? Abi you don't understand how elections work?
But at the very least, you can hear their voices.
Right?

Reality3080:
what about those in pdp?

Have they clinched d ticket for igbos,b4 u can mock those in APC u must have gotten pdp ticket first

This is what you got from all I wrote?!
My wondament.

advanceDNA:
In other words, he should kill him sef to make her stay..

Lol
Well, you might be right there.

Nbotee:
Who told dis ppl d govt is interested in saving the Naira

It occurred to me that despite all the hue and cry for a 2023 South Eastern president, those in the APC seem to have lost their voice.

Maybe it's the harmattan...

Well, those who know them should help us reach out to the likes of Joe Igbokwe.

Make dem yan us dia mind.
God bless ��
Happy 2022

As if emefiele makes the decisions...
Well, at least they've told him what to do.
Who can guess what will happen?

Temitayo Jaiyeola 27 December 2021
Kindly share this
story:
CBN Governor, Godwin Emefiele
ADVERTISEMENT
The Centre for the Promotion of
Private Enterprise, an economic think
tank, has advised the Central Bank of
Nigeria to review its ban on some of
the over 40 items which the regulator
has stopped importers from accessing
foreign exchange to bring into the
country.
Economists at the centre also said
there was a need for the CBN to
review its foreign exchange policy in
2022 with a view to improving dollar
liquidity in order to rescue the ailing
naira and help industries to grow.
The group disclosed this in its
economic and business environment
review for 2021 and agenda for 2022,
a copy of which was obtained by our
correspondent on Sunday.
According to the CPPE, there is a need
for the CBN to engage stakeholders as
its current forex policy regime is
negatively affecting investors,
manufacturers and other
stakeholders.
The CPPE said, “In the bid to reduce
the pressure on foreign reserves, the
CBN had excluded over 40 items from
access to foreign exchange in the
official window.
“Some of the products on this list are
intermediate products for some
manufacturing firms which have
negatively impacted some
manufacturers. It would be advisable
for the CBN to have a robust
engagement with the stakeholders to
review this list in the New Year.”
According to the organisation, the
CBN should adopt a flexible exchange
rate policy regime, and allow the
pricing mechanisms to reflect the
demand and supply fundamentals in
the foreign exchange market.

It said, “Our proposition is that we
should adopt a flexible exchange rate
policy regime. We would like to
clarify that this is not a devaluation
proposition.
“Rather, it is a pricing mechanism
that reflects the demand and supply
fundamentals in the foreign exchange
market. It is a model that is
sustainable, predictable and
transparent. It is a policy regime that
would reduce uncertainty and inspire
the confidence of investors.
“It is a policy framework that would
minimise discretion and arbitrage in
the foreign exchange allocation
mechanism. A flexible exchange rate
regime is a policy choice adopted to
cope with changing demand and
supply conditions in the forex
market.”
According to the centre, adopting a
market rate would deepen the
autonomous foreign exchange market
by liberalising inflows from export
proceeds, diaspora remittances,
multinational companies, donor
agencies, diplomatic missions, and
others.
It added that a flexible exchange rate
would enhance liquidity in the forex
market, increase investors’
confidence, and ensure a more
transparent model for forex
allocation.
Also, the CPPE said the Cash Reserves
Requirements imposed on Nigerian
banks by the CBN is one of the highest
globally, adding that it is a major
impediment to financial
intermediation by banks.
According to the experts, some of the
banks have a CRR of 50 per cent and
more against the official CRR of 27.5
per cent.

It said, “Yet, financial intermediation
is supposed to be the major function
and essence of the banking system.
The high CRR has made it difficult for
the banks to play their primary role of
financial intermediation. Their
profitability is also adversely
impacted because of limited room for
credit creation activities.

[Read Also
Forex ban: Identities of
defaulters'll be published, banks
alert customers
Forex ban: CBN directs banks
to publish names of defaulters
Reps panel urges CBN to make
forex available to airlines]

“Indeed, the ways and means finances
of the apex bank pose greater
liquidity risk to the economy than
bank deposits. We therefore seek a
reduction in CRR so that the banks
can be better placed to play their
primary role of financial
intermediation in the economy.”
The CPPE also said challenges of
infrastructure, rising insecurity,
climate change, low productivity in
agriculture, monetisation of fiscal
deficit, and depreciation of the naira
were fuelling inflation in the nation.
It said headline inflation was 16.47
per cent in January, and rose to a
peak of 18.17 per cent in March,
before falling to 15.40 per cent in
November.
The organisation said, “Headline
inflation has been on the increase on
a month-on-month basis from January
to date, albeit at a reducing rate.
“Meanwhile, food inflation has been
consistently higher than headline
inflation and core inflation for most
part of the year. Inflationary pressure
remains a major cause for worry both
for businesses and the households as
it remains elevated.”
According to the organisation, the
implications of these include,
increasing poverty, increasing risk of
malnutrition, increasing social
tension, and criminality.

It added that businesses had had to
deal with weak purchasing power,
low sales and low profit margin, low-
capacity utilisation, high production
and operating cost, and high risk of
increased business mortality.
The CPPE said in order to tackle
inflation, the nation needed to boost
productivity to drive output growth,
reduce the depreciation of the naira
exchange rate, and improve the flow
of foreign exchange.
The CPPE added that the nation needs
to, “Minimise the monetisation of
fiscal deficit. CBN financing of deficit
should be strictly limited to statutory
threshold spelt out in the CBN Act.
“Government should seek creative
ways of addressing insecurity in order
to pave the way for farmers to return
to their farms. Address cost of
logistics. Address the ease of cargo
clearing at the port. Address climate
change concerns. Review our trade
policy to bring down the cost of some
intermediate products for
manufacturers.”

https://punchng.com/review-forex-ban-on-40-items-to-save-naira-economists-tell-cbn/

How To #GetGoodGovernance

Are you ready for the work?
It's actually simple-
1. Where 2 or 3 of you are gathered in my name. So whether Christian or Muslim, do the gathering and pray.
- 3 days to organise Facebook/WhatsApp/zoom meetings.

2. Write a letter stating your grievances.
- 1 day of brainstorming.

3. Discuss with your spiritual leader. Take a PDF of the letter to your church/mosque; get your pastor/imam to pray over it and schedule a signing day on the next possible day of worship.
- 1 day to meet.

4. Each of you involved, send to your state legislator; copy your house of rep member and senator.
- Half day to search and find their email addresses; for help, ask @eienigeria.

5. Get EACH of your family members to do same.
- 1 day, due to work and school.

6. Copy it to a NEW Facebook group (use the letter's title for the group name)
- 1 hour to setup.

7. Having arranged with him/her beforehand to announce it, get EACH worship member to visit the Facebook page and send to those listed in [No. 4] above.
- 1 day to get all in attendance involved.

8. Ensure you also upload all the email contacts of all those mentioned in [No. 3] above, as a pinned announcement.

So, what will you do, to get what you're owed as a Citizen?
Spread the word and take action, or continue with our mumu?
Good luck.
God bless.
Happy 2022
#TRUNN

https://m.facebook.com/story.php?story_fbid=5031728146845501&id=100000250974271

@Seun, we need emoji of Nigerian flag. D one wey dey d post no gree show.
Stop dulling.

In response to the topic-
https://www.nairaland.com/6922097/girlfriend-ran-away-because-proposed

First off, this question has to be asked-
Ladies, do you want a PARTNER for a husband, or a Lord and Master?
This question is what you should think deeply about, so you know the kind of man you want to end up with.
You simply can't eat your cake and still have it. Small wonder, most young men have no interest in getting married.

Our parents and culture grew in a male dominated society, such that the man provided for his family and the wife was only seen and NOT heard.
And she belonged ONLY in the kitchen and za oza room.
Is this what you want?

If you expect a man to provide for all your needs as if you're a child, then he SHOULD treat you like a child; while you do as you're told and only speak when spoken to.
In short, you will belong in the kitchen and za oza room.
Simple.
Ask your mother, grandma and female elders what that life was like.
...

But this is for the OP of the topic linked above-
The problem wasn't the lady's salary; it was that you didn't include any plans for her growth and development.
If you'd shown in your plan how she'd start a side hustle or pursue career prospects- or both, if possible- she'd have been the one adding to the list!
Because the 80k would be a temporary figure, soon to be joined by either side hustle money, or promotion- or both.
This is what her subconscious would've seen and pushed to her consciousness.

We humans are more creatures of emotion, less of logic. Try to give both a holistic AND a beneficial view in your proposal-
Whomever it may be for.


God bless ��.
Happy 2022

With God, there are no limits.

Hence, the above-
Every if na 10k.
QED

Kobicove:
It's very annoying when you lend a person money after he has been begging you for a while yet he still refuses to repay the loan as agreed

Imagine how many borrowed to celebrate Christmas...
Someone I know lent a work colleague 1.5m for visa application.
Money that should've been returned in November is now on audio, cos d pesin don Japa
So, just like banks, many of us have ended up letting go of bad debts.
This is for those who want to get their money back- on a budget, because lawyers are expensive.

First, prepare yourself for the work battle ahead.
Then gather your body of evidence-
Screenshots of call and text records
Online chats
Payment receipts
Others, as known to you.

The most use a lawyer is for in such cases involving relatively small amounts (less than 5 million), is to get a police report after your initial statement. And remember- the longer the case drags on, the more your lawyer earns.
But there's a free alternative below!

These documents are what you should then take to the company's/person's bank.
Then get the relevant agencies involved, by tagging them on Facebook (and Twitter, whenever the ban is lifted )-

Legal Aid (and the OPD in Lagos), which both offer FREE legal advice; OPD also offers free mediation services.
Fccpcnigeria;
Your state's Chambers of commerce;
The relevant state ministry and specific agencies- eg, ministry of power and NERC, with powerupng as the NGO;
Eienigeria;
Your state's commissioner of police (or related handle); NBA (thru your lawyer- and will make said lawyer sit up).

Also, spend a little on flyers demanding your refund; share them with his/her office boss/neighbors/colleagues/customers; and share the jpeg with his/her personal Facebook contacts- and corporate page, if available.
Nothing motivates such people as much as fear, embarrassment and loss of business.

Good luck and God bless.
Those who've passed thru this fire should contribute their insights.
Merry Christmas.
Happy 2022.

Pity about your ordeal.
What's the situation now?
How much was involved?
What state are you in?

The most use a lawyer is for in such a case as yours, is to get a police report after your initial statement.
These are what you should then take to the company's bank.
Then get the relevant agencies involved on Facebook-
Fccpcnigeria
NERC
Your state's Chambers of commerce
Powerupng
Eienigeria
Your state's commissioner of police (or related handle); NBA (thru your lawyer- and will make him sit up)
Also, spend a little on flyers demanding your refund; share them with his office neighbors and share the jpeg with his personal Facebook contacts.
Nothing motivates such people as much as fear, embarrassment and loss of business.
Good luck and
God bless

MrRosh:
Funny is that the first company without a brand name supplied everything without fail but the one with a brand name was a scam. I am still dragging for my money till now.

Our entire public service is chock full with his type.
How can you get quality service from mediocrity?
But who will support for his family member to be kicked out of govt employment?
Remember teachers being tested in Edo and kaduna?
That's why #OurMumuNevaDo

Guys,
No bashing or derailing.
You will be reported.
...

Hi ladies,
Calm down and breathe.
This isn't for you to answer o!
Lol

The purpose of this thread is for you to take this challenge to your female-only groups on social media-
Like FIN on Facebook.

Let your still single, older sisters tell you their stories, so you can learn from their mistakes- in the privacy and confidence of your groups.
Simple.

Just copy the paragraph below and paste in your group:

#where's_ur_ex_now challenge-
Help young ladies;
Tell your story.

Ideas and suggestions are welcome.
Merry Christmas!
Happy 2022!!
God bless.

Lalasticlala
Share your own

Babe,
He's called you out o.
So you plan to be a housewife?
For dis our economy?
What's that about?!

weblord1900:
Las Las na shiloh for you .. F*ckinq parasite

Cheers bro

FernandezPablo:
Great advice..

Bro,
The advice is for ladies tho.
I want to start a challenge sef, for ladies over 35-#where's_ur_ex_now
Dem go gree answer?

jericco1:
Not enough credible reasons to get married bro. ..

No be do or die affair

Tiff com my house, u laff me.
Tiff com ur house, wetin make I do?
North, I dey greet o!

I take God beg una.
As na PDP remove am-
Leave Jona alone.
IYKYK

Nigerians seem to forget:
Buhari's VERY FIRST victims were-
Northern Muslims!
But u want am to reason ur own mata?

ASUU strike, ASUU strike.
How old dogs wan take learn new tricks?
If you can't learn it in uni...

When bubu tok am hoha sey,
Aisha belongs in za oza room-
Why feminists no riot?

It is better for Nigeria to scatter, than for he who brought bubu to replace him.
Abi?

When I hear sey sultan dive window,
Water runaway from me eye...
Na joke o!

January 1, 2022: ten years on-
Ep me mention d "occupy Nigeria" crew of da year.

D whole of Facebook, dem say garri no be poor man food again.
So wetin him com dey chop na?

All ride hailing drivers dis season-
Na God go judge una o!
E get y.

How to wreck a currency, 101-
Ban goods from accessing forex.
Distribute local cash freely.
Refuse to fix refineries.
Close borders.
Job done.

Since #OurMumuNevaDo, how about-
Say no to 2023 elections!
Mai Gaskiya 4x4!


My pipu, add ur own.

Merry Christmas!
And a happy 2022 to you!

Broda,
Com fes.
I wan ax u somtin.
Ur mind dey pain u?
Cos as u take style dey wail,u no even reach to get form o.
Well sha,
Maybe na me no understand...
Meanwhile,
Breakfast don don o.
Com chop.

RichDad1:
See dem, rejoicing at another man’s misfortune.
Even the GEJ y’all claim to support has moved on, but you dimmits still wallow in perpetual wailing.
Despicable humans.

She really said all that?!
Oh my word!
Chai!
*Picks race

weblord1900:
Las Las na shiloh for you .. F*ckinq parasite

I just saw a post on Facebook, lamenting at single women over 35 being stigmatised; and divorcees being ostracized.
Hmmm...

Ladies,
It's our culture.
But it's much worse than that-
It's YOUR fault!
Or more specifically, the fault of the women who've come before you.
They listened to pastors, feminists and movies that ALL painted a rosy picture and raised your expectations to astoundingly unrealistic heights!
I mean, where's a man supposed to get money for a lavish affair, 5, FIVE YEARS after NYSC?!
Unbelievable...
Have you sat down with your parents to hear the true story of how they started out?

If you want to marry early, you MUST first understand that MOST of your parents married poor.
That hasn't changed over the ages, cos most young working men are poor.
It's the FAMILY that usually matters (which is why you sometimes hear that you're marrying into a family), but no one talks about it anymore.
And you wonder why young men now believe that, "marriage na scam"...

And then you must, due to the above, discuss bride price with your parents.
From introduction to wedding, if d budget pass 500k (for dis buhari economy?! ) you go wait taya.
And just in case you didn't know-
Most of the high-end/society weddings you see are pure "borrow pose".
Ask around.

If billionaires are getting divorced;
If men who are successful in their careers are getting divorced;
If developed nations have an over 50% divorce rate-
Then what's there to fear in sensibly managing a happy life with a man who loves you..?

So better form WhatsApp groups and start strategizing on how you'll lobby for a change in both your and your parents' mindsets.
Ask that pastor spewing trash about wealth how much was in his account when he married.
Tell feminists to give living AND successful examples of what they talk about.
Remind yourselves that 90% of those actors and actresses in the movies you love watching are-
Yes, divorced in real life.

This is truly an uphill battle that you simply CAN'T fight alone.
"Girl power" must be focused on making your WHOLE life better-
Here on Earth, not on cloud 9.
Do BETTER, for your younger ones and children.
Just saying.
My 2 Kobo.

Merry Christmas. And a truly happy- and peaceful- 2022.
Amen