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 Travel › Re: Warning For Pregnant Women Travelling Abroad by eelvismd(m): 10:18am On Sep 18, 2012 |
justwise: Is this thread about studying abroad?They are all connected because we are just too obsessed with traveling abroad and hence nobody thinks about what he or she can contribute to better the lots of Nigerians. It is always about me and my family and nothing more. |
| Travel › Re: Warning For Pregnant Women Travelling Abroad by eelvismd(m): 10:11am On Sep 18, 2012 |
solomon111: Do you think they are not aware of this?Majority are not and that is while many will leave a paying job in Nigeria and take the millions they have saved for years in the name of schooling abroad only to be disappointed upon arrival...Things are changing fast and the sooner we Nigerians recognized it the better for us all because the third world war that is imminent may not be in the form of weapons and ammunition 2 Likes |
| Travel › Re: Warning For Pregnant Women Travelling Abroad by eelvismd(m): 10:00am On Sep 18, 2012 |
12 inches!:In as much as I agree with you on the numerous benefits one is capable of getting if one is a US citizen, what most Nigerians have failed to recognized is that there is massive dynamics changing the world order, which is even surprising these countries we herald so much. The sooner Nigerians realized this fact the better for them. Who would have thought of what is currently happening to these countries we regard as "heaven on earth" a decade ago. Take for example, in the 1990s, several citizens of Argentina migrated to Spain, their colonial master. Guess what is happening now? Spanish are moving in droves to Argentina in search of greener pasture because Argentina's economy is far more buoyant than Spain's economy. Most of the countries in Europe (Spain, Italy, Greece, Ireland, Portugal, UK, etc.) are in fragile state and poverty is on the increase by the day. Also, recent statistics from US has revealed that one in every six American is living below poverty line and that middle class Americans are getting squeezed by the day and with many of them falling to low class category. Nigerians should know that things are changing so fast globally due to globalization and dwindling global resources vis-a-vis the explosion in global population and that the countries we have always regarded as "heaven on earth" are not finding it funny anymore. These countries are tightening their games in order to ensure survival for their citizens and by extension, polarization and bigotry are now the order of the day in these countries. Just like someone said in the past, there are three classes of citizenship in most of these countries (First class citizens are the original citizens, second class citizens are children of immigrants who are citizens and those by birth, while third class citizens are those that naturalized). Although I am not a pessimist, I am of the views that things may likely get worse with time if things continue to be the way they are now in the near future. In a nut shell, my point is that Nigerians with the mentality of giving birth abroad as a way of fleeing from the economic woes of Nigeria should better have a rethink because those countries they are looking up to are not finding it easy anymore and the sooner Nigerians recognized this fact the better for us all 3 Likes |
| Jobs/Vacancies › Re: A Question For NNPC On The 2012 Mass Recruitment- Plz Read! by eelvismd(m): 5:57pm On Sep 12, 2012 |
DailyNews: Please try and apply, two of my friends got employed via the last recruitment of 2010 that got finished last month, and they knew nobody, I mean nobody. All I am saying is this: why employ only 595 out of 5000 people that went for the interview after a long and rigorous process, and only for them to open up a new mass recruitment the preceding month, what then are they trying to tell people? It totally unfair to humanity and to everything we can think of. They should have at least absorbed say 30 - 50% of the previous applicants that went for the interview since they needed more staff, than wasting our national resources on new recruitment that will cost another huge some of money and budget. Again, they cannot tell us boldly that those that scaled through to the interview stage of the last recruitment are not good enough cos they are still going to be the same people that will apply for this new one with little more from new graduates, so NNPC has nothing to justify this unscrupulous act they performed and will continue to perform if Nigerians continue to keep mute. Just my opinion anyway.Let me start by saying that I am not in anyway holding brief for NNPC management so as to diffuse any thought of me being subjective and taking side with NNPC management. First, every company has its minimum standards and once those standards are not met by applicants, then there is no point lowering the standards if the management of the company think they have the time and resources to re-advertise and go through the processes of recruiting those they feel meet the company's standards. That said, whether or not those who were interviewed and not given appointment were below NNPC standards is unknown to me and only the management of NNPC can address that. For those who are saying they should have recruited for all available positions and forget about the 2012 recruitment they just advertised, you need to ask yourself the following questions and be since with yourself when answering them: 1. What if the positions for 2012 recruitment advert will only become available by 2013 or 2014. Does it make sense to give appointment to someone who is below your standard and ask the person to stay at home for the next one or two years? 2. If your answer to question one above is yes, will you equally say that NNPC will be fair to those that have graduated and completed NYSC between 2010 and 2012 if they had done that? My point is that it is only fair to give opportunity to others if we really want equal opportunity and fairness, which is in contrast to the opinion of those who are saying NNPC should have employed those interviewed but didn't meet their minimum standards and forget about recruiting for the next two to four years despite the fact that Universities have graduated recent graduates who are equally entitled to apply to NNPC. |
| Jobs/Vacancies › Re: A Question For NNPC On The 2012 Mass Recruitment- Plz Read! by eelvismd(m): 5:53pm On Sep 12, 2012 |
DailyNews: NNPC Advertized for a massive employment in 2010, and 120,000 plus applicants applied for the various vacancies, 44,000 applicants got shortlisted for employment aptitude test written nationwide, and 5,000 applicants made it to the interview stage, and only 595 applicants were finally employed after two years, and for the same NNPC to advertise for another massive employment in 2012, showing that they still needed more workers, so why didn't they employ more from the 5,000 applicants that made it to the final interview of which majority might have as well did well during the interview? Is this a political recruitment to hype the present democratic government to create the impression that there is great improvement in job opportunities in Nigeria now than before or just as a result of poor Human Resource Management of the NNPC?Let me start by saying that I am not in anyway holding brief for NNPC management so as to diffuse any thought of me being subjective and taking side with NNPC management. First, every company has its minimum standards and once those standards are not met by applicants, then there is no point lowering the standards if the management of the company think they have the time and resources to re-advertise and go through the processes of recruiting those they feel meet the company's standards. That said, whether or not those who were interviewed and not given appointment were below NNPC standards is unknown to me and only the management of NNPC can address that. For those who are saying they should have recruited for all available positions and forget about the 2012 recruitment they just advertised, you need to ask yourself the following questions and be since with yourself when answering them: 1. What if the positions for 2012 recruitment advert will only become available by 2013 or 2014. Does it make sense to give appointment to someone who is below your standard and ask the person to stay at home for the next one or two years? 2. If your answer to question one above is yes, will you equally say that NNPC will be fair to those that have graduated and completed NYSC between 2010 and 2012 if they had done that? My point is that it is only fair to give opportunity to others if we really want equal opportunity and fairness, which is in contrast to the opinion of those who are saying NNPC should have employed those interviewed but didn't meet their minimum standards and forget about recruiting for the next two to four years despite the fact that Universities have graduated recent graduates who are equally entitled to apply to NNPC. 1 Like |
| Politics › Re: Tinubu At The US Democratic Convention In Charlotte, NC by eelvismd(m): 1:50am On Sep 09, 2012 |
RICHIE BOI: Asiwaju Bola Tinubu was at the just-concluded convention of the Democratic Party held in Charlotte. Glossy pictures are already circulating in social media. There is one of him clapping excitedly in the audience. There is another of him in an outside pose with one of his men Friday, Governor Kayode Fayemi of Ekiti state. On the surface, this is a good development. When a man of such enormous influence decides to come and observe and learn from the best democratic practices, the idea – only the idea – should be lauded. But observing and learning from the best practices in the world is an area in which Nigerian leaders and socio-political élite are not in good standing. Therefore, we need to know what Asiwaju and his entourage saw, heard, and learnt in Charlotte. Fresh facts have emerged that Leader of the Action Congress of Nigeria, Bola Tinubu, paid $5000 to obtain the generic invitation from the Democratic Party campaign office, but claimed he was personally invited to attend by President Barack Obama as leader of Nigeria opposition... Follow the link below for details http://www.elvisagbonghae.com/2012/09/tinubu-lied-about-obamas-invitation-to.html?spref=fb |
| Politics › Tinubu Lied About Obama’s Invitation To Democratic Party Convention Says DNC by eelvismd(op): 1:41am On Sep 09, 2012 |
Fresh facts have emerged that Leader of the Action Congress of Nigeria, Bola Tinubu, paid $5000 to obtain the generic invitation from the Democratic Party campaign office, but claimed he was personally invited to attend by President Barack Obama as leader of Nigeria opposition. Obama, it has been revealed, did not personally extend what has been dubbed by Tinubu “a gold card invitation” to him to attend the Democratic party convention in Charlotte, North Carolina. contrary to claims by him and his aides. This is not the first time Tinubu has been enmeshed in controversy bothering on false claims. The controversy surrounding his academic qualifications, his claim of being a Certified Public Accountant, and discrepancy in his age records are still fresh in memory. According to investigations by reporters of a United States based online medium, Sharpedgenews.com, the invite received by Tinubu was a generic kind sent out to donors by the campaign organization. The medium which is attending the convention, also revealed that the DNC denied ever inviting Tinubu on any official capacity as the “ leader of opposition” in Nigeria The media team of Tinubu had claimed that he was invited to the Democratic National Convention in his right as the leader of the opposition in Nigeria. According to his media aide Sunday Dare “ Tinubu will be at the ring side as the Democratic Party conduct activities that will culminate in the nomination of President Barrack Obama as its candidate for the November 2012 Presidential elections in the USA.” “Tinubu receives a gold card invitation which is prime and with this, he will be joined by three other eminent personalities – Governor Kayode Fayemi of Ekiti state, Speaker Lagos state House of Assembly Adeyemi Ikuforiji and former Commissioner for Information and Strategy in Lagos state, Mr Dele Alake.” His statement added DNC sources irked by the suggestive news reports which is being interpreted that Barack Obama may have extended a preferential invitation to Mr. Tinubu in spite of similar politicians in his native country of Nigeria, said that such notion was further from reality as was claimed by the ACN leader The DNC source explained that the invite that was given to Tinubu was a generic type that similarly went to whoever donated more than $5,000 to the Obama campaign. “The invitation card sent to Tinubu, the former senator from Nigeria, was generic and it generally goes from the campaign organization and not personally from President Obama,” the highly placed source explained under condition of anonymity. The source said that it would be difficult for anyone to implicate Obama in attempts at foisting a preferred leadership on Nigeria or Africa as that would negate the philosophy of Washington’s new international engagement. “Nigerians are capable of determining its destiny,” said the source. The source said that politicians are free to strategize, while explaining that “it is immoral to deceive anyone that we are who we are not.” “This gentleman is not like your popular national icon, businessman Moshood Abiola, who was well-grounded and at home with many people in government and private sector. Americans don’t want to be dragged into the affairs of any country through personal preferences. The man probably did what he had to do in order to gain access to the convention ground.” The source said Link: http://www.elvisagbonghae.com/2012/09/tinubu-lied-about-obamas-invitation-to.html?spref=fb
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| Politics › Download The Authentic Petroleum Industry Bill 2012 by eelvismd(op): 4:36pm On Jul 20, 2012 |
Hello house, Follow the link below for the Authentic PIB http://serving.thisdaylive.com/0BEF99D6-ACF5-4E2C-9779-8FA02BA3FCD4/assets/pib_160712v1.pdf 2 Likes |
| Politics › Re: Nigerians Are Battered Souls & Broken Spirits - Professor Ayittey by eelvismd(m): 12:57pm On Jun 28, 2012 |
[quote [b]A top Ghanaian economist, Professor George Ayittey, has stated that decades of misrule and total government dysfunction have combined to transform Nigerians from resilient and dynamic people into vulnerable people. In the past, according to Prof Ayittey, Nigerians were “bustling with energy, dynamism and entrepreneurship”, but a perpetual leadership crisis had transformed them into “broken spirits and battered souls” trapped in cocoons of fear, mistrust and despair. “Decades of reckless misrule and total government dysfunction have corroded the fabric of Nigerian character and society. “When trapped in such a mess or maze, it is difficult to see the way out”, he said. Prof Ayittey made this known on twitter last night in response to some criticism directed at him by some aggrieved Nigerians. The US based economist had criticised the President of Nigeria, Goodluck Ebele Jonathan (GEJ), describing him as a joke and a mediocre President, following his (GEJ’s) interaction with the Nigerian media last Sunday. Prof Ayittey had described GEJ’s performance during the interaction as abysmal, and chastised him for not showing remorse despite his inability to resolve the Boko Haram crisis. Mr Ayittey had also lambasted GEJ for “impatiently” indicating that he would not declare his assets. He had ended his criticism with a call on Nigerians to rid themselves of GEJ as soon as possible. But these criticisms did not go down well with some Nigerians, who took to twitter to criticise the Prof and urged him to focus on Ghana’s own problems. However, In a calm and measured response, Prof Ayittey called on Nigerians to look beyond tribe and religion in analysing socio-policio-economic issues. He said his criticism of GEJ aimed at helping the Nigeria identify its flaws, and exposing the Nigerian people to new or alternative perspectives. The Economist underscored the need for Nigerians to be amenable to criticisms and new ideas, adding that outsiders were sometimes in a better position to offer criticism or advice. Prof Ayittey went on to debunk assertions that he was seeking political office in the country. “I have no political axe to grind in Nigeria. I cannot even be president of Nigeria. In fact, I am not interested in the presidency of any African country”, he emphasised. He also conceded that it was inappropriate on his part to criticise GEJ without offering solutions to the problems he identified. He therefore promised to do an article to be titled Making Nigeria Work Again, which he said would be available soon. Professor Ayittey is a Ghanaian economist, author, president of the Free Africa Foundation in Washington DC, professor at American University, and an associate scholar at the Foreign Policy Research Institute. Read the entire tweet posted on June 26, 2012 below: “To my Nigerian followers. I appreciate all your wonderful comments, including the negative ones, regarding my write-up on GEJ. It will be impossible to respond to all individually; hence, this generic response. I always distinguish between African leaders/governments and the PEOPLE. Chinua Achebe said it best in his book, The Trouble With Nigeria. There is nothing wrong with the Nigerian character, culture or water. The problem lies purely and squarely with the leadership. I have always admired Nigerians in the past — resilient people, bustling with energy, dynamism and entrepreneurship. You will still find these admirable traits in some spots such as Onitsha Market. But the Nigerians of today are of a different stock – broken spirits, battered souls and trapped in cocoons of fear, mistrust and despair. Decades of reckless misrule and total government dysfunction have corroded the fabric of Nigerian character and society. When trapped in such a mess or maze, it is difficult to see the way out. When you engage a Nigerian in a conversation, the first thing s/he wants to know is which tribe or religion do you belong to? It never used to be like this. The Ashanti have a proverb which says, “The one cutting a path through the bush does not see if it is crooked or not. Only those who stand afar can determine this.” What I write about Nigeria comes from this perspective. I am not Yoruba, Ndigbo or Hausa. I have no political axe to grind in Nigeria. I cannot even be president of Nigeria. In fact, I am not interested in the presidency of any African country. I call it the way I see it without fear or favor. The advantage and the service that I provide to the people of Nigeria is that I can say a lot of things which they are afraid to say. That doesn’t mean everything I say about Nigeria is true but at least it exposes the people to new or alternative perspectives. However, it is not enough to say that President Goodluck Jonathan is a joke without pointing out the way forward, which is what I drilled into my students. Accordingly, I am writing another piece, Making Nigeria Work Again, which I will tweet in a couple of days.” Professor Ayittey holds a B.Sc. in Economics from the University of Ghana, Legon, an M.A. from the University of Western Ontario in Canada, and a Ph.D. from the University of Manitoba. He has taught at Wayne State College and Bloomsburg University of Pennsylvania. He held a National Fellowship at the Hoover Institution in 1988-89, and then joined The Heritage Foundation as a Bradley Resident Scholar. He founded The Free Africa Foundation in 1993, to serve as a catalyst for reform in Africa. In 2008 Dr. Ayittey was listed by Foreign Policy as one of the “Top 100 Public Intellectuals” who “are shaping the tenor of our time”. He lives in Lorton, Virginia. http://saharareporters.com/article/nigerians-are-battered-souls-broken-spirits-professor-ayittey][/quote][/b] Check the link below for the prof's analysis of the woes of Africa http://www.naturetravelsandtours.com/index.php?option=com_content&view=article&id=23&Itemid=60 |
| Career › Re: Chemical Engineering Versus Mechanical Engineering Forum by eelvismd(m): 3:26am On Jun 26, 2012 |
lawseph: In all honesty, MEs and ChEs can both do most of each other's jobs. However, the knowledge of chemistry is a pretty good advantage. The only time there might be minimal value in the knowing chem is if you specialize in machine design. Anyone who tries to tell you that a ChE has fewer options on location has no |
| Career › Re: Chemical Engineering Versus Mechanical Engineering Forum by eelvismd(m): 3:17am On Jun 26, 2012 |
rhymz: Guy do you have any industry experience at all?Once again, both of them are equally important because the boundaries separating the consituent parts of engineering have almost disappeared and no engineering discipline is mutually exclusive anymore. |
| Career › Re: Chemical Engineering Versus Mechanical Engineering Forum by eelvismd(m): 6:43pm On Jun 25, 2012 |
jonnycheddars: The last time i saw such a comparison was over a decade ago while we were still trying to fill JAMB form in hard copy......its the jet age,most disciplines are intertwined now....grow up!Thanks jare! Most people are still in the anologue age and they have lost track of developments in recent times |
| Career › Re: Chemical Engineering Versus Mechanical Engineering Forum by eelvismd(m): 6:41pm On Jun 25, 2012 |
jomonic: Both are good. but the mechanical engineer is more vasertile because he can also become a chemical engineer or a process engineer and can adapt very well in the construction industry. The chemical engineer can do same but from the university they seem to be biased towards management of chemical processes in the chemical plant. this to me is overspecialization for a discpline that has drawn equally from the same body of knowlegde as the mechanical engineer.If only you knew the diversity within chemical engineering, you will be talking differently |
| Career › Re: Chemical Engineering Versus Mechanical Engineering Forum by eelvismd(m): 6:38pm On Jun 25, 2012 |
The_Matrix: Chemical Engineering = applying Chemistry to Mechanical Engr, its just an offshoot/branch of Mech ENgr...[b]Really? When a chemical engineer speaks the chemistry aspect of his profession, mechanical engineers become confused. On the other hand, when a chemical engineer speaks the engineering aspect of his profession, the chemist is lost in misery. How do you reconcile that going by your statement[/b] |
| Career › Re: Chemical Engineering Versus Mechanical Engineering Forum by eelvismd(m): 6:36pm On Jun 25, 2012 |
UzohBlaise: Chemical eng is all abt processes involving maintainace and operation of chemical plants. Both are versatile. but dont underate a chemical engr when it comes 2 labour market. Am proud 2 be a process Engr.Thank you my brother |
| Career › Re: Chemical Engineering Versus Mechanical Engineering Forum by eelvismd(m): 6:25pm On Jun 25, 2012 |
rhymz: The only aspect of engineering that can be compared to Mech Eng is Electrical engineering. In summary, all engineering disciplines are important and I don't subscribe to the idea that one of them is more important because engineering is team work and in every product/system is contribution from all members of the family 3 Likes 1 Share |
| Politics › Re: Ngozi Okonjo-Iweala Al-Jazeera Interview On Fuel Subsidy Removal by eelvismd(m): 2:27pm On Jan 09, 2012 |
Seun: [b]A simple analysis of the fraud called Subsidy for the year 2011: Assumptions 1) Actual price at the filling station = N141 (which is actually far from the truth; i.e. over priced) 2) Daily consumption = 35 Million litres (which I strongly believe includes other West African Countries like Ghana, Cameroun, Benin, Chad, etc.) Here comes the simple arithmetic for the 365 days in 2011 (141 - 65) * 35 E6 * 365 = 970.9 E9 (i.e. approximately 971 Billion Naira) Government claim is approximately 1.4 Trillion Naira Thus stolen amount, even with the lies inherent in the assumpions above, is given by: 1400 E9 - 970.9 E9 = 429.1 E9 (i.e. approximately 429 Billion Naira) The question now is: who is fooling how? My conclusion GEJ should go after his fellow cabals and allies and leave the already impoverished masses alone. When he is sincerely done with that maybe the masses will give listening ears to his theoretised transformation plans, which they have over heard in the past with nothing to show for it.[/b] |
| Politics › Subsidy Is A Fraud And Economic Falacy, Say Profs Izilien, Davis West by eelvismd(op): 1:08am On Jan 04, 2012 |
Check out the detailed analysis of experts as they reveal the fraud behind the subsidy in Nigeria [b]Former ASUU chairman and Head of Department, petroleum engineering at the University of Ibadan, Professor Izilien Agbon, and former petroleum minister, Professor Tam David West, have described the touted subsidy on petroleum products as fraud and an economic fallacy. Izilien challenged President Goodluck Jonathan to explain at what price the swapped crude oil was sold and where the money accruing from these sales have been kept. The petroleum expert who urged the labor unions not to allow Jonathan get away with the fraud insisted that the net cost per liter of imported swapped petrol is N34.45 per liter and not N138 as claimed by the Federal Government. Izilien explained “They are therefore determined to remove their subsidy and sell the gallon at $3.52. But, On December 10, 2011, if you stopped at the Mobil Gas station on E83rd St and Flatlands Avenue in Brooklyn, New York, USA, you would be a able to buy a gallon of petrol for $3.52/gallon. Both gallons of petrol would have been refined from Nigerian crude oil. The only difference would be that the gallon in New York was refined in a US North East refinery from Nigerian crude exported from the Qua Iboe Crude Terminal in Nigeria while the Port Harcourt gallon was either refined in Port Harcourt or imported. The idea that a gallon of petrol from Nigerian crude oil cost the same in New York as in Port Harcourt runs against basic economic logic. Hence, Nigerians suspect that there is something irrational and fishy about such pricing. What they would like to know is the exact cost of 1 litre of petrol in Nigeria .” “The government claims we are currently operating our refineries at 38.2% efficiency. When we refine a barrel of crude oil, we get more than just petrol. If we refine 1 barrel (42 gallons) of crude oil, we will get 45 gallons of petroleum products. The 45 gallons of petroleum products consist of 4 gallons of LPG, 19.5 gallons of Gasoline, 10 gallons of Diesel, 4 gallons of Jet Fuel/Kerosene, 2.5 gallons of Fuel Oil and 5 gallons of Bottoms. Thus, at 38.2% of refining capacity, we have about 170000 bbls of throughput refined for about 13.26 million litres of petrol, 6.8 million litres of diesel and 2.72 million litres of kerosene/jet fuel.” The former ASUU chairman said According to David West “There is no oil subsidy in Nigeria. It is a lie and fraud. After the regime of General Buhari, I challenged government after government, from General Ibrahim Babangida and Chief Ernest Shonekan to General Olusegun Obasanjo and President Goodluck Ebele Jonathan, to appear on national television with me to justify their subsidy.” The former minister maintained that “, there is no oil subsidy. Oil subsidy in Nigeria is fiction, it doesn’t exist and it is a fraud. During Buhari’s time, we had three refineries. When necessary, I mean, whenever there was shortage of oil, we embarked on offshore processing. If at a time, the production of oil couldn’t satisfy our needs, we selected oil companies like Shell and others that we would give crude oil to refine abroad, sell at foreign exchange and pay to our account. We got quantum of barrels of crude oil and gave to these companies and after they might have refined it, let’s say they got one million litres and we needed only 200 litres, they would give us the quantity we wanted and sell the remaining and give us foreign exchange. We only took our fuel back, never imported fuel.” On his part Izilien said “We will answer this question in the simplest economic terms despite the attempts of the Nigerian government to muddle up the issue. What is the true cost of a litre of petrol in Nigeria ? The Nigerian government has earmarked 445000 barrel per day throughput for meeting domestic refinery products demands. These volumes are not for export. They are public goods reserved for internal consumption. We will limit our analysis to this volume of crude oil. At the refinery gate in Port Harcourt, the cost of a barrel of Qua Iboe crude oil is made up of the finding /development cost ($3.5/bbl) and a production/storage /transportation cost of $1.50 per barrel. He also break down the costs “ Thus, at $5 per barrel, we can get Nigerian Qua Iboe crude to the refining gates at Port Harcourt and Warri. One barrel is 42 gallons or 168 litres. The price of 1 barrel of petrol at the Depot gate is the sum of the cost of crude oil, the refining cost and the pipeline transportation cost. Refining costs are at $12.6 per barrel and pipeline distribution cost are $1.50 per barrel. The Distribution Margins (Retailers, Transporters, Dealers, Bridging Funds, Administrative charges etc) are N15.49/litre or $16.58 per barrel. The true cost of 1 litre of petrol at the Mobil filling station in Port Harcourt or anywhere else in Nigeria is therefore ($5 +$12.6+$1.5+$16.6) or $35.7 per barrel . This is equal to N33.36 per litre compared to the official price of N65 per litre. Prof. Tam David West is right. There is no petrol subsidy in Nigeria . Rather the current official prices are too high. “ Izilien , a Texas based petroleum expert said further “On December 10, 2011, if you stopped at the Mobil filling station on Old Aba Road in Port Harcourt , you would be able to buy a litre of petrol for 65 naira or $1.66 per gallon at an exchange rate of $1/N157 and 4 litres per gallon. This is the official price. The government claims that this price would have been subsidized at N73/litre and that the true price of a litre of petrol in Port Harcourt is N138/litre or $3.52 per gallon.” Izilien stressed that “This is not enough to meet internal national demand. So, we send the remaining of our non-export crude oil volume (275000 barrels per day) to be refined abroad and import the petroleum product back into the country. We will just pay for shipping and refining. The Nigerian government exchanges the 275000 barrels per day with commodity traders (90000 barrels per day to Duke Oil, 60000 barrels per day to Trafigura (Puma Energy), 60000 barrels per day to Societe Ivoirienne de Raffinage (SIR) in Abidjan, Ivory Coast and 65000 barrels per days to unknown sources) in a swap deal. The landing cost of a litre of petrol is N123.32 and the distribution margins are N15.49 according to the government. The cost of a litre is therefore (N123.32+N15.49) or N138.81 . This is equivalent to $3.54 per gallon or $148.54 per barrel. In technical terms, one barrel of Nigerian crude oil has a volume yield of 6.6% of AGO, 20.7% of Gasoline, 9.5% of Kerosene/Jet fuel, 30.6% of Diesel, 32.6% of Fuel oil / Bottoms when it is refined.” According to the university don “ Using a netback calculation method, we can easily calculate the true cost of a litre of imported petrol from swapped oil. The gross product revenue of a refined barrel of crude oil is the sum of the volume of each refined product multiplied by its price. Domestic prices are $174.48/barrel for AGO, $69.55/barrel for Gasoline (PMS or petrol), $172.22/barrel for Diesel Oil, $53.5/barrel for Kerosene and $129.68/barrel for Fuel Oil. Let us substitute the government imported PMS price of $148.54 per barrel for the domestic price of petrol/gasoline. Our gross product revenue per swapped barrel would be (174.48*0.066 +148.54*0.207+172.22*0.306+ 53.5*0.095+129.68*0.326) or $142.32 per barrel. We have to remove the international cost of a barrel of Nigerian crude oil ($107 per barrel) from this to get the net cost of imported swapped petroleum products to Nigerian consumers. The net cost of swapped petroleum products would therefore be $142.32 -$107 or $35.32 per barrel of swapped crude oil. This comes out to be a net of $36.86 per barrel of petrol or N34.45 per litre.” “This is the true cost of a litre of imported swapped petrol and not the landing cost of N138 per litre claimed by the government. The pro-subsidy Nigerian government pretends the price of swapped crude oil is $0 per barrel (N0 per litre) while the resulting petroleum products is $148.54 per barrel (N138 per litre). The government therefore argues that the “subsidy” is N138.81-N65 or N73.81 per litre. But, if landing cost of the petroleum products is at international price ($148.54 per barrel), then the take-off price of the swapped crude oil should be at international price ($107 per barrel). This is basic economic logic outside the ideological prisms of the World Bank. The traders/petroleum products importers and the Nigerian government are charging Nigerians for the crude oil while they are getting it free” Izilien said . Izilien argued further that If the true price of 38.2% of our petrol supply from our local refinery is N33.36/litre and the remaining 61.8% has a true price of N34.45 per litre, then the average true price is (0.382*33.36+0.618*34.45) or N34.03 per litre. The official price, he insisted, is N65 per litre and the true price with government figures is about N34 per litre (even with our moribund refineries). Source: http://pointblanknews.com/new/exclusive/3382-subsidy-a-fraud-and-economic-falacy-say-profs-izilien-davis-west-real-cost-per-liter-of-imported-swapped-pms-is-n34-45-liter.html[/b][b][/b][i][/i] |
| Business › Re: Why Nigeria May Remain Underdeveloped - Sanusi by eelvismd(m): 2:26pm On Oct 30, 2011 |
do u know that out of about more than 1 million UME candidates less than 150,000 gain admission While I appreciate the fact that less than 20% of those who score more than 200 in JAMB get admitted into the various universities at the end of the day, it will pay us well to look critically at the generic problem. Below are some of my submissios: Less than 20% of those who graduate each year probably get employed within 5 years after graduation.What happens to the rest? I guess the sophistication in armed robbery, kidnapping, etc, might throw more light in answering that question. Believe it or not, increasing capacity in terms of admission intake without corresponding increase in job creation will aggravate the problem we currently have at hand. More than 80% of graduates from Nigerian universities are more less educated illiterates. Therefore, increasing the number of universities for the sole purpose of capacity increase will only produce more educated illiterates with little or no skills needed by the larger society. Left to me, standardisation should be the major concern of our education managers for now and capacity increase can come in the near future. The truth is hard to tell but it must be told. Based on my observation over the years I can confidently say that more than 50% of those currently in the various universities across Nigeria have no business being there because many of them do not have such calling. What baffles me the most is that someone who knows he is not good at maths wants to become an engineer because he feels since he is from the core Niger Delta, it his birth right to work in Shell or Chevron. What have we not seen as a result of that? Relegation of vocational education, dearth of technical schools, discrimination against OND and HND holders, etc. Whether we like it or not, a plumber or a mechanic has a role to play in nation building. All they need is respect and recognition of their service in addition to appropriate pay. I can actually continue and go on and on, However, I will stop at this juncture |
| Nairaland General › Universal Law Of Success by eelvismd(op): 5:24am On Jul 13, 2011 |
Arising from a deep thought and personal experience, and with a sense of humor, I hereby affirm as follows: The level of success in life is a multi-variable function of "hard work" and "God's grace/favour" with time as a parameter. Inherent in my affirmation, which may be taken as a UNIVERSAL LAW OF SUCCESS, are several axioms. FIRST AXIOM: Time is the only universal parameter. All things being equal, The earlier one gets it right by way of hardwork and not going against the grain, the higher the level of success that will be achieved. Example: Someone with a sharp second-class upper at age 20 will very likely achieve higher level of success than someone with a first class at age 40 provided other conditions are the same for both. NB: The time scale/interval with respect to the FIRST AXIOM varies from location to location. SECOND AXIOM: Other parameters in the two-variable model are functions of the boundary conditions (laws and policies, level of corruption, value system, adherence to merits, quality of education, nepotism, tribalism, ethnicity, etc) of the location where the person is located. Example: Though the general form of the model equation will be the same for Nigeria & USA, the model parameters and time scale will differ. Thus, a 25-year old first class in the USA will achieve higher success than same in Nigeria. THIRD AXIOM: The two variables ("hard work" and "God's grace/favour"  are linearly combined by fractional weighting parameters whose values are location dependent. However, there is a universal minimum for the weighting parameter of "God's grace/favour" variable and as such, a zero value is ruled out. For example, the weighting parameter for the "God's grace/favour" variable will be far lower in USA than in Nigeria.NB: Everyone has a minimum degree of success because the gift of life, which is from Almighty God, is an integral part of success. |
| Jobs/Vacancies › Re: Zenith's Aptitude Test For 2008 Corpers by eelvismd(m): 6:38pm On Mar 11, 2008 |
It's not 200 questions for 2hours as posted by Muyii12, but rather, it is approximately 100 questions (25 quantitative, about 20 comprehension questions based on three passages, about 30 sentence corrections questions and about 25 critical reasoning quesions) all for two hours. You can see that the test is about 75% Verbal and hence I would advice you to concentrate your studies on the various verbal questions mentioned above. As per the quantitative, revise GRE by Baron or peterson (and not the local GMAT). It will be of great help because some comparison questions in the quantitative section of the test were probably lifted from past GRE questions. The local GMAT won't be of great help in the quantitative but will be of help in the verbal section. especially the sentence correction and critical reasoning parts. One more thing-You must be very fast becuause you will definately not be able to finish. I wish success ahead. I did the test last year as a 2007 Batch A prospective corps member and was successful in the exam and the various interviews; although I didn't serve with them because of the state I was posted to despite the fact that I was given an offer |
| Jobs/Vacancies › Re: 2007/2008 Agip Aptitude Test Fomat! by eelvismd(m): 5:24pm On Mar 11, 2008 |
My brother, SFM SOLA, you too much!!! Thanks for furnishing the exam details to people like us who were not meticulous the first time. I'm grateful. I wish you success in the exam in advance. We shall all pass in Jesus Name[color=#000099][/color] |
| Jobs/Vacancies › Re: 2007/2008 Agip Aptitude Test Fomat! by eelvismd(m): 10:20am On Mar 10, 2008 |
I need someone to tell me the venue for the agip test because I was equally invited but forgot to take note of the venue |
| Jobs/Vacancies › Re: Ptdf Scholarship 2008/09 Results Are Out by eelvismd(m): 5:12pm On Feb 28, 2008 |
Thanks Tbaby. God will meet your heart desires as he has met mine.[font=Lucida Sans Unicode][/font] |
| Jobs/Vacancies › Re: Ptdf Scholarship 2008/09 Results Are Out by eelvismd(m): 9:05am On Feb 27, 2008 |
The fact that the PTDF result is out cannot be disputed. If you are in doubt or not aware, do well to check ThisDay News Paper of Monday 25th, February 2008. In fact, I am one of the successful candidates. Everybody in the house should help me thank God because I just can't imagine myself already on my way to the UK by August/September later this year |
| Jobs/Vacancies › Re: . by eelvismd(m): 1:28pm On Aug 21, 2007 |
The test is purely theory. Just like your normal exams in school. I only know of science and engineering graduates. Nothing much other than application questions that require simple mathematics. No verbal and no logical questions. like I said, you will likely have 5 theory questions for 1hr and you are to answer all. if you basic maths is ok, then you are carried because there will be no need to worry. I must confess that Nestle test is the best test ever written by me because you don't need any GMAT. It's your understanding of basic maths that is needed. However, read you GMAT O!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! because format fit change O!!!!!!!!!!!!!!!!!!!!!!!!!!!! success for all of you that have been invited |
| Jobs/Vacancies › Re: Nnpc Is Recruiting by eelvismd(m): 12:35pm On Jun 26, 2007 |
thanks for the info. You guys are too much |
Its like trying to compare a fruit with the main tree>>>NEXT plsss1 2 (of 2 pages)