₦airaland Forum

If GEJ was really the founder, and APC had decent evidence, he would be in Kirikiri by now for sure.

Ejehjoe:
Logical Reason!
Chief Joseph is a petroleum importer. He imports 10 million litre of petrol at the of cost of N95 per litre.

He report to the DPR that he has imported 15 million litres at the cost of N105 per litre, requesting N30 subsidy per litre.

DPR sends Mr. Yusif a inspection and monitoring officer, to measure and verify the authenticity of the claims.

Chief Joseph offered Mr. Yusif a bribe of the applied subsidy in liew of 1 million liters, which Yusif reject instantly, requesting that of 3million liters so that, it can comfortably go round to his bosses.

Apparently they ended up agreeing on 2.5m liters each. The deal is strucked, Mal. Yusif and his Bosses ended up with N75,000,000 while Joseph, the importer gain N400,000,000 on the deal They jointly cheated the government the sum of N175,000,000.

Finally Chief Joseph divert 75% of the product to the black market and sell at N120 per liter to the masses. Later the government will also pay the cost of transporting 15 million liters to the allocated filling stations across the country.

Thats exactly the case of petroleum subsidy in Nigeria. So isn't it better for the government to invest those savings of hundreds of Billions of Naira wasted every year on subsidy, on life touching projects?
It will be an act of foolishness for us to continue to subsidise petrol and and peg the price at a ridiculously lower rate much more lower than all our neighbours where the product is being smuggled to.

What will happen in that circumstance is that fuel will be diverted to where profit will be maximised and the diverters will still collect subsidy. The masses in which the subsidy is targeted at will suffer on queue or buy at prices far higher than the subsidised rate......They will also suffer from extremely dilapidated infrastructures whose money has been diverted to fund subsidy.

Deregulation, therefore, is for the masses. In the short run, they will feel the effect. Although, they will see growth in infrastructures and social welfare of the government. And in the long run, the benefit will become total and pains will disappear because price will fall ridiculously and the market will stabilise.

We cannot be subsidise for greedy marketers at N87 while our neighbours sell as follows:

Niger......N190
Cameroun. .....N200
Ghana..............N198
Chad.................N180
Benin.................N190

So how on earth are we going to get fuel at N87? It is just criminally natural that there will be diversion, Scarcity, pains and corruption because the marketers will outsmart us all!

Although, it is N28 in Saudi Arabia but they have about 20 functional refineries with high capacity. We never built in the surplus days, neither did we upgrade the obsolete ones. It is N128 in the USA despite their enormous infrastructures in the oil sector.

But I saw a friend post. He stays in the UK. He was lamenting and inciting people against the government for embarking on deregulation. I know him very well as a fantastic Wailer. So I told him "what's your point?"....he said "the price is just too high".....I said "how much"....'N145' he replied. Then I asked him "how much is petrol in the UK?"...He didn't reply me. I waited for 1hr to no avail. I then sent him this....

"S***i, you are an hypocrite and your conscience is the prison I will condemn you into. Petrol is over N300 where you live in London and you are busy saying nonsense to your people at home. You're a big shame and I'm really sorry for you."

He replied "LOL"

I said "I wish you the same".

Shared

The morón that posted this isn't aware minimum wage isn't $60 equivalent in the UK and USA obviously.
Dolt!

Even look at him comparing us to worse third world countries.
Smh!

#000000

mayorjosh:
Samsung pays him money even slot cannot dream of giving dbanj...any phone that first comes out na Baba Banky they use am...two weeks ago I was around a school for an event and guess what Banky W who was there was holding


a SAMSUNG s7!!!!!!!

S7 is no big deal.
Any musician can afford that with no endorsement.

Brilliantlights:
atleast we don't go about weakening our rivals by buying their best players while at it. Everyone spends well and get a shot at it. Only Bayern spends in Bayernliga

I know Bayern would have bought the entire Leicester squad of they were in Germany

Shameless things.

They even bought Hummels finally

martineverest:
Ronald4lif,elxandre and ollah1 are all available bachelors.....make ur choice

NB:they are all handsome and carry.....their pockets are overly loaded.


To the gentle men mentioned above: miss sahara is beautiful and portrays all d xteristics of an ideal african 'lady'...her culinary prowess and bedmatics skills are second to none

Hehe
African men don't date she-men.

gistmeloveblog:
smelling Asss Gold digger...

Na love he get for the babe o.
Because ladies football no get money.

asuustrike2009:
It's only the bb plan that consumes more on non bb phones

This plan zaps at 1.5 times the normal rate at day, and normally at night.

Your phone is SLOW.

May God forgive me for wasting my data on this nonsense.

MKO4ever:
Egypt economy growing slowly but steadily and consistently.

Egypt recently devalued their currency.
Hmm.

refiner:
...hmmm..children of nowadays!smh!

Aunty, so you don old sef

refiner:

Na this kain thing you dey like shine teeth

What bothers me is the lack of common sense amongst many Loyal APC members/supporters.

*Oil price as at January 2012 when the subsidy was initially removed was around $100 per barrel, and the price point the cancellation of subsidies promised was N141 per liter.
Today oil price is around $40 per barrel, yet the removal of subsidies promises a N145 per liter price point.

Now, they will blame the poor Dollar to Naira exchange rate for the hefty price point, but does that mean NNPC also gets foreign exchange via the black market?
If not, why in this world would they charge such hefty prices per liter?

When we could afford a devaluation was 2012, but the opposition then said it was corruption, and that GEJ and his cronies would embezzle all the money that should have been used for the subsidy.
How does one even embezzle money one doesn't have, they never bothered to explain.
Do you advice a relative to buy a harmful commodity because you don't want him wasting his salary

Yes the opposition knew Subsidies always ended up in the pocket of thieves, but they still insisted and shut down Nigeria because they didn't want GEJ to embezzle the money. (A spurious and treacherous assertion at that)

.............................
Back to the present.

Don't forget, increase in demand increases price, and just think of the what the scurry for dollar by oil marketers will do to the parallel market exchange rates.
This means higher prices for every commodity in Nigeria, both locally made and imported, since even the banana seller has to pad her prices to meet up with the increased cost of living.
(Also Nigerian history has shown that an increase in fuel price increases the cost of living)


The devaluation might have helped issues, but Buhari labels everyone who calls for this portfolio investors, not minding the simple truth that all his journeys abroad is a waste of time and these businessmen won't come if they can't repatriate their earnings back home.
Every strong company in the world is made up of a boardroom of ruthless executives who only want to see profits. They aren't friendly babysitters who would nurture your country to 'adulthood'.

Meanwhile some bring up silly reasons like, Egyptian pounds having a 20% lower rate in the parallel market despite devaluation.
Compare this to the 70% and above parallel rates currently in Nigeria and see how myopic you are.

Youngpo413:
they are bots, they have an automatic mentions when the word tecno appears on nairaland.

Lol.

there will be more pressure on the naira due to the increased demand for the dollar.

this is going to be hell!

Diademk07:
Fellaini had started 12 league games whereas Herrera has had 17 league start. Not forgetting that majority of Fellaini games were those he started for 6-7 straight games dating back from the Westham cup replay match!

You're right!

But I think Felliani has had more rubbish performances than Herrera.

When Felliani is atrocious, he is totally a pain and thoroughly useless.

Artorius:
It is wise for Nigeria, especially us young Nigerians, to carefully consider the implications of embracing this scheme, and Facebook's underlying motives, before diving headfirst into it
The Internet.org Free basics hasn't been banned in countries such as India for no reason

It was banned in India because their government deemed their intentions pretentious.
They claimed it would give them unfair competition over rivals, since their initiative was a scam and a sort of Advert for Facebook, masked in a supposed good initiative as it only supported Facebook

No wonder they now support more indigenous sites.

Adesege:
The politicking going on Nairaland is worse than the one happening in Nigeria.

I posted a similar article 10 minutes before this but this was moved to fp first.

Facebook Partners Airtel Africa To Launch Internet.org Free Basics In Nigeria.

http://adesege.com/facebook-partners-airtel-africa-to-launch-internet-org-free-basics-in-nigeria/

https://www.nairaland.com/3097868/facebook-partners-airtel-africa-launch

Lalasticlala, what are the modalities before a post can hit fp? Jess Negodu o.

Explain yourself before you are sued. My lawayers are preparing your case file already.

Please reply my pm.

Diademk07:
Lol!
Fellini hardly played this season. The midfield mostly consisted Bastian, Morgan and Herrera but then, Herrera was simply shite!

Lie!
Herrera has rarely played this season.
From August to December how many EPL games did he start?

Herrera only plays when a midfield option is unavailable.

Abi what are you even saying?

tess1:
Lol. How has our team been better with Fellaini this season when there was a time in this same season we lost most matches he started for us.
Fellaini is the most indisciplined of all our midfielder coupled with his sluggish play. I am so sure he would`ve gotten a yellow card at least in this match if he was available. You just feel like scapegoating Herrera when most of our player were really not into the game.

The first 20 minutes our defenders couldn`t play from the back, including Blind that we believe has been our best passer of the ball in our defence. They were just punting the balls forward and we played into Westham`s hand by making so many wrong passes in the process.

Don't mind them.

Rooney was as poor going forward as a championship player.
This guy can't even make one decent intelligent pass, but only simple passes.

Just look at that guy that made that dumb clearance that led to the first goal.

The whole team was poor. (Rojo seems irredeemable though)
....................................

It's easy to insult players though, but we forget that if these players were so bad, they wouldn't have been in United in the first place.

Just look at Klopp beating strong teams in Europe with the same washed up team everyone all wrote off after a disastrous start to the season.

A useless coach, LVG that couldn't even stand up to motivate his players in a must win clash.

I refuse to criticize players much till this man is gone!

parrotibaba:
In other news, SAF met Pochettino this afternoon for lunch.



Thoughts?

Fergie should leave is alone and retire to Scotland na?

Poch that couldn't even overthrow Leicester, even though he had a devastating team is now the favourite?

Another Moyes.....

iPopAlomo:
Sighs...*

I told you... we would fix the match against Man shitty to make sure Manure don't make the champions league... and you countered by calling me Jon Snow... because you were banking on your outstanding match and feeling confident about making the top 4...

How does calling me a certain Jon Snow cine into context here...?

so Mr... before Jon Snow rose from the dead... he actually doesn't know shite... but after pulling a Christ stunt... rising from the dead... You can't say for sure he doesn't know Shiite anymore...

besides... we're not talking about GoT... we are talking about manure passing Europa next season...

Spoilers alert**

Diademk07:
The team has been quite better with Fellaini this season. We all saw the change in our performance against Leicester as soon as he was subbed off for Herrera in the second half.

Felliani was fkking poor for most of the season.

He and Rooney cost us too many points last year, when the useless coach would play them even when they were piss poor.

Diademk07:
It's no secret that you want Mourinho to manage the team.
Mourinho team always has many world-class talents or players in it by the way which isn't the case of Manutd right now.

Porto?

mathefaro:
Oh! It's really a nice choice that I can tell you can't regret. Best of luck

Thanks bro.

slimghost:
Ben Arfa was never a flop (talent wise) he just lacked the work ethics and disciplined. But with what I have seen of him this season, I'd take him considering its on a free transfer. He will go to Barca though.

Players can be foolishh Sha.

He'd go to Barca to die on the bench at 29?

mathefaro:
Before I forget, is there any mathematics aspirant in here?

Quite close.
Statistics.

Couldn't risk missing out this year so I chose that instead of CSC.

9/10 times you always carry out your proposed decisions regardless of the opinion of the majority, so I don't know why people still bother commenting on these sort of threads you create.



I'm sure you know about Reddit Mr Seun.
That site has sections and subsections for anything you can think about.

The funny thing is you never proposed bans on topics and sections when you were less successful, but seeing that there are no worthy rivals, you deemed it fit to convert to a monastery.

I don't even gamble, but you have no business interfering in everything your site members are interested in.

It's even interesting that as enlightened as you are, you could wake up one morning and decide to ban a legitimate venture, but hypocritically enough, absolutely immoral threads still grace the front-page, even though many registered members are younger than 18.

Someone like you would censor the press if you had the might.

Youngwee:
On your baptism day be like

Come on this is too disgusting!

Does being tough mean being exposed to diseases and deadly bacteria?