₦airaland Forum

Themandator:
Obi disappointed so many people when EFCC couldn't stick anything to him.... Some failures had hope to justify their state with his prosecution but he really disappointed them



Has been in and out of the country since the episode meaning his passport is with him


By the way, I did not see the homage part or the allergies also came to pay homage to the Eze, also

He has been working on opening something in London, I have seen him loads of time to this effeect

Esseite:
It's not individually owned..

The companies in question non is individually owned, a o ne man company will die when its owner dies,however the vast majority of companies have directors

IamCookie:
Quite Easily Said✔️... I used the 04/05 model back in 2014-2017 and i loved it soO much. Enough space, better interior and it distinguishes you. Wen you service on time with a good engine oil like Mobil 1 , brake oil-dot4 , among others , u go too enjoy am

I hope these days o n your NOW car you just dont go by name of oil and brake fluids, I hope you get the right Oil weight ie 5W30 for your car oil

Esseite:
Even despite a good source sustainable in terms of businesses, industry and conglomerates.. there is none that has gone beyond the 2nd generation.

You mayB wrong there, what would you say about 1st bank?

Esseite:
Do you also know no wealth has gone greater beyond the generation that earned it while 80% fizzle out in the second generation except royalties?

That goes to show, wealth balances out and we just need the discipline, consistency and grace to be in line.

cos the source are not sustainable.

Siberia01:

Cubana can easily give bill gates a run for his money

Nigerians are stupidly rich
But the western media keep portraying Us as poor citizens

so you realy believe this xxxxxx U wrote up there?

tyup:
South saying it's the North business and does not concern the South is a step in the wrong direction. Let's take for instance, this protest become successful in the North and Bandits in the North are flushed, would the south not seem a save haven for em to continue their terror?? is that when the South would now start her own protest?? Do remember the last time some sect of Fulani herdsmen caught on different occasions with weapons in trailers n trucks moving to the South. Moreso, Southerners travel enmass to the North during NYSC and for businesses

South and North massive protest will overwhelm FG and make em handicap that they'll have no other choice but to end insecurity issues once n for all. but shey u see this e no concern me mentality it'll do us no good at all. To whom it may concern

All I have to say is the warm eating the tomatoes is inside the tomatoes.

Nice job, following

michlins:
In the spirit of openess, these doors are sold for 35,000 pere


Good morning everyone

good price

Greenback:
Okay nairalanders,I'm gonna make this brief and short.

Like we are all aware if, the federal government have announced plans to and made its intentions known as regards the removal of petroleum subsidy in the coming year 2022.

We are still in 2021 and are currently, I dare say, operating under the year of oil subsidy grace! But despite that, prices of foodstuff and other items have witnessed a continuous astronomical increase.

The common man and average Nigerian have had to seriously tightened all loose ends up and their belts in a bid to survive.

One can then imagine the magnitude of hardship that will be unleashed on Nigerians when the federal government,in their "kind concern" remove the subsidy (was it there in the first place?)

So guys, please kindly suggest what would be good and wise for families, Nigerians to buy now in abundance and store that could assuage the effects of petroleum subsidy removal to a large extent in the coming year

As for me,I am thinking of buying two bags of rice,cartons of satchet tomatoes,groceries and of course red oil.

What do you have in mind?

OP No disrespect, this is a Poor mans mentality, one of which the person in this school of thought has no means of growing their personal self or rather limiting themselves at always a receiving END not giving. What happened to investment to earn more? what happened to production?

GAZZUZZ:
It is political suicide for the APC led govt to add ₦1 to the current price of P.M.S, 2023 is an election year, currently Insecurity and poverty is on the rise.

Subsidy will not be removed.

They wont add anything, they can never remove subsidy, all these talk is to lure people who do not understand what subsidy means into a false sense of security thinking that its a good thing. However what the FG should remove should be the fraud around subsidy!

Jeon:
Nothing.
I love my own space.
Meeting people is so boring because of different characters and I can't take that.

Ok Ohhh good luck

Jeon:
so sorry I have no experience.
because I'm not a fan of meeting people.

so you don't meet people, what do you meet then/

JohnOkolo:
Work hard for your grandparents and siblings over here.

I stay in Nigeria I wonder why what I pay for fuel concerns you more than it concerns me.

This is what happen when one duel 2much in palm wine bars and hearsays! Good day

kopell:
What is the point of doing business in secrets, you guys should understand in dealing with one customer many other potential customer are witching, don't be suppressed after making it public many may call for the same product

They will never understand

33bandit:
erico2k2

yes?

JohnOkolo:
Keep on calculating, let's see how it goes 2022 is already here brace up for no subsidy and work hard

I seee, you have no clue, has it not dawned on you yet that some of us do not live in Nigeria? So what's this garbage talk about work hard?

JohnOkolo:
It will never get to #600 Naira per litre understand that, it will fall in the range of #320 -#350. The Govt subsidize Fuel, Energy(NEPA), and so much it's already made as a law to go, so brace up or take the next flight off the country.

I tell you subsidy will go and life will continue and be better with time.

ordinary Arithmetic you are failing, I have asked you and others countless times to name one country of the world from which you can Land petrol from at pump price of N400 at todays value without subsidy and you are here typing rubishhhhh

mystikal:
Just putting this out there for any help I can get.

Arrived Glasgow on the 27th of November, stayed at a B&B for some days before moving into a recommended friend's flat in Maryhill road G20 where I am paying 400 pounds/month for a room. This arrangement is just for a month as the original room owner is due back in the first week of January.

I am currently searching for a studio or one room in a flat to move in before January in Glasgow. I have searched all the relevant sites and found a few, and looks like I might be settling for a 600 pounds/month room in G1 cos of the aesthetics, flexibility of tenancy and proximity to the University of Strathclyde where I am doing my PhD, but it is quite pricey and was looking for something in the region of 400-500 pounds per month, and was hoping if anyone here has any information that might help. I would be most grateful

spare room.co.uk

NwaNimo1:
Because what they studied has no market i naija..............diagnostic machine dey diagnose engine now!

There are, Engineering is meant to be used in solving todays problems. Without mechanical Engineers no other form of Engineering can function!

Ifesinachi22:
Their sister department, Civil Engineering has thousands of Engineers in construction sites across the country.

I don't know why Mechanical Engineers won't practice what they studied

just cos it says mechanical engineering does not equate them to being a mechanic. I can fix loads of complex engines and anything hydraulics but my knowledge is limited when it comes to fixing cars.

justwise:
That is a different case as i have stated in subsequent posts

Noted

justwise:
Even if you tried to travel through green list country it will not work because your visa was issued in Nigeria

This information is wrong, the onus is where the traveller has been for the last 10 days. If you was in a green zone the last 10/11 days B4 you enter the Uk, you are good.

Ibk2020:
Pls who can explain how we can pre-install kitchen heat extractor ventilator pipe?

No videos on YouTube for this

I think its basic and direct, you drill a hole wide enough to hold the fan, I am assuming your burner position is at the wall facing the backyard?
if not you got to route the exit pipe ontop/along kitchen units

taylormed2:
Ur bank de charge u 414 per dollar??
In summary, back to topic
I'm not comparing Nigeria to other countries, but we all agree that more money in government would help the country if managed well. My problem is not subsidy removal, my problem is whether they'll have anything to show after removing it.

My friend you are shifting the goalpost in the middle of the match, you are veering to the right were I have stood all along. We never talked about post subsidy, we were talking about removal of subsidy. The bank rate of $$$ is not sustainable at the CBN rate hence we have multiple rates. Today I wire £££ to my bank account in Nigeria @ 750, can the CBN match that answer NO, so who props the difference when someone wants to buy goods via CBN in the UK? I leave that for you to answer and tell me if that is not another form of subsidy to friends and family of the govt and those in high places.

JohnOkolo:
Yes we can it won't be so high forever.

What you are saying is that its OK to use 70% of your income for transportation, do you think that's right?

backbencher:
Well the N99 sum was what was in the media at the.time, plus for some time now we have been sending our crude oil to cheap foreign refineries to produce low quality fuel for cheap

The one pound fuel is not refined in the same place. It is refined in standard refineries. Hence the cost.

In brief we send crude to be refined in substandard refineries abroad to keep the cost of production cheap. If we refined it in standard refineries.at high price, we would have been paying 3 trillion or more or subsides per annum by 2015

Plus ultimately the main issue with subsides is that they aren't funded from income tax revenues, they are funded from crude oil , which is never at a price that Is sustainable for us.

Which is kind of my point .

You want subsidy,then you make the 70% of Nigerians who don't pay income tax to pay up so that we can have funds for it. Or we remove it

Night

well N99 was the lie told, what Nigerians should have asked then was from where and what country are they landing it from @N99. so why lie? if nopt that they have thier own refinaries they xport oils to and import fuel from either in NIgeria or near abroad.
As for subsidy , they should carry on paying cos this is the only money the people of Nigeria get for free from teh FG
Who told you we dont Buy fuel from a standard refinery and since you are the o ne mentioning Standard refinery can I pick your brains a little? could you now tell us from waht refinery we import fuel from that is not so standard?
Bear in mind we import from India and china loads.

Explorers:
Hitachi Zosen Tunnel Boring Machine.

Custom engineered to bore a tunnel under the city of Seattle, the Hitachi Zosen tunnel boring machine is the largest machine of its kind.

With 99 metres long, weighed 6100 tons and cost $80 million to build.

The cutterhead had a 17,5-metre diameter and, due its vast size, the machine was shipped to the USA in sections and assembled onsite.

My G we bore day n Night

taylormed2:
And please, what is the naira equivalent of $2?? That's above NGN1,000

@ todays rate its N818.
So my question to you is this, If you land fuel @818 naira, that's even minus transport insurance tax and VAT how much are you willing to sell it as a Business MAN??

backbencher:
Subsidy is good...but the problem with subsides is(and i would like you to read this with an open mind, because I am not defending Buhari, or GEJ, or any bad Nigerian leadership, but pointing out why subsidy in Nigeria is not sustainable.)

1. In Nigeria , and Venezuela, we use money from the SAME oil revenue to pay for subsidy...which works when oil prices are above sustenance level (right now for Nigeria, our breakeven oil price is 133 dollars per barrel)....but not when oil prices are below $100 or $50 per barrel, or even less...that's when we take loans to make up for the amount spent.

Other countries pay for subsidy out of taxes raised..income taxes. Nigeria does not do so..and we don't have the money to do so. Not when less than 40% of the population pays income tax to the federal government.

2.Also, let's be honest, subsides lend themselves to corruption well well. Because basically, that's free government money. Add the fact that one can easily make fake subsidy claims when you are close to power.

Plus it isn't corruption that is causing the most rise in subsidy claims...it is , quite frankly, export of subsidized fuel to other African countries. We have wasted billions subsiding fuel illegaly for all our neighbours, and for several other African countries...simply because it is easy to buy fuel here at 165 naira, and sell it at N300 or above in Niger, Benin and Ghana self.(And it cannot be stopped unless we build a large border wall, and pay every customs and excise man and woman salaries of N300000 and above.). Add the lying on the bit of subsidy paid to transporters to keep the price of transporting fuel from differing from place to place...

3.Rising cost of producing petrol. Right now it costs N256 to bring in one liter of petrol...and the reason why it is that cheap is because we refine it into very dirty LOW standard PMS abroad...instead of refining it at a standard refinery...because we want to save on spending subsidy money.

I mean, in 2012, fuel cost N65 at the pump and N99 landing. Now it costs N162-5 AT the petrol station and N256 or more landing.....and it is going to keep on rising. And we don't have enough oil revenue to pay for the difference.

4.Also, we damaged our refinereis by subsidsing fuel

Fuel subsides means that for decades our refineries were forced to sell fuel at a loss, meaning they could not pay for maintenance, could not pay for upgrades, and could not pay for expansion, or even new refinereis. Workers salaires were paid directly from the oyel revenue. And at the end of the day, we had refinereis that don't work, that are messed up...because when you sell at a loss, and pay a subsidy that does not cover the loss, we don't care.

That's why countries that subsidise like Venezuela went from refining 900000 BARRELS per day at their main refinery to refining 100000 per day at the same refinery...all for selling fuel below N40 per liter. (And it costs far more to refine fuel in that country because high sulphur content...but governments of Venezuela skimped on paying for costs of maintenance because....we must keep fuel cheap for everyone...and it was not just the Chavez and Maduro admins...a lot of past admins of Venenzuela, including the pro-US ones did the same thing.)



At the end of the day, subsides don't work. Either we end them now, or we take another loan, or we end up forcing millions of Nigerians not paying income tax to the government to pay, regardless of their level of poverty or riches...to find money to fund subsides.

Bro I read all what you wrote but you made loads of assumptions there let me bring you to 2012, you said fuel landing cost was N99? that's assumption or one of the lies told by FG.There was not a time we landed fuel N99 cos 2012 cheapest Pump price across the Eu was above £1.
and If I have not been in some of these so cheap fuel countries fru holidays or work I wont have known better.
Now I will ask you once again to put your thinking hat on if you was an importer where and waht country would you import fuel from and land it for at least N300? think
And as for subsidy it work when the leaders have good intensions, let me give you a big example, the UK govt subsidise fuel(Diesel) for nearly up to 50% for ages. This was to help farmers. They also subsidised solar panels to encourage people to buy it. Even housing and the Almighty Housing is propped up by the UK govt. Cos they are honest enough, it works.

tempusfugit:
who buy this cars most, opel corsa, Fiat tipo, marzda 2,Toyota Yaris and aygo, ford fiiesta and focus, peogeot 208, most of this small cars were created for European markets, things re changing gradually compared to 20 years ago thanks to introduction of suvs and creation of new technology for better fuel comsuption, fuel consumption is a big and number one factor for European before buy a car,
you buying a car with powerful engine doesn't means nothing when putting into critical consideration behavior of a society

All those cars you just mentioned have their equivalent of 2 litre Engines, and that isn't small.

wonlasewonimi:
Get on a plane to Dublin, chill for few days and get on a bus to UK.

ahahaha