₦airaland Forum

tubouncen:

13billion dolapo for land

Very sure d land go dey fertile, fit germinate crop wirhout planting anything

Abi the land no get gravity

Cos i'm still finding it hard to understand

Cos i fit buy the whole osun state with #3billion

EgunMogaji:
1) I completed laterite filling of the main house and will allow it to naturally settle through a few rain and dry cycles. German floor to be done mid year.

2) In the meantime focus has shifted onto the accessory building on which I broke ground on https://www.nairaland.com/2847494/construction-2-bedroom-garage-apartment#41913259 The foundation, filing and german floor will be done in my absence I'm still debating that decision but we shall overcome all evil powers fashioned against our finances

I will be on ground for 21 days March/April to oversee the raising of the walls and hopefully roof for the accessory building.

mufutau55:
You are doing very well... Keep it up sir.

Hajji M.

EgunMogaji:
My friend na only you waka come dey chop life for 9ja? How long is your vacation?

You are doing well Sir.

tuale4u:
By December 2018, Nigeria wont import fuel again if everything go on Scheldule for Dangote refinery. Dangote will be refining about 50 million litres of petrol a day.

tuale4u:
I understand what it is 100%.
I support subsidy of raw materials like fertilizers, i support subsidy on machines like tractors, harvester and other agric machines.
I support subsidy on manufacturing machines and other raw materials.

I am totally against subsidy on Consumption. Petrol is mostly consumption commodity.
So i am totally against subsidy of petrol.

You may argue that small businesses use generators for thier business and also on transportation of thier raw materials and priduct. But d truth is dat 80% of petrol consumes in nigeria are at consumptiom level.

amaechi1:
Do I hear you say remitted 93%? Then why are we crying for Customs.

tuale4u:
It is still better to drop subsidy. As at today there is no subsidy.

tuale4u:
Even without corruption and cabals, subsidy is a waste. Nigeria economy is too weak to be doing fuel subsidy.

grandstar:
u are totally wrong and what you wrote is incomprehensible. diesel is totally deregulated. no subsidy. in britain diesel is heavily taxed

grandstar:
the existence of the subsidy supports the 'cabal'. there is no cabal in diesel which has been deregulated

Bevista:
Maybe you can use the Internet to educate me. The PPPRA has been updating it template for years now, which normally reflects the price of crude oil, why are we doubting them now?

Bevista:
Do you have any contrary information to the one advanced?
---
According to PPPRA, the current landing cost of PMS is lower than N80/ltr, so the recommended OMP (open market price) of N86 has no subsidy input. In fact, I understand there is a negative subsidy of around N1.50, since the ex-depot price is about N84.50.

tuale4u:
I live in river state. Some even sell at 150 naira. Apart from Total, Mobil, Oando etc who sell at 86.5 naira, all d small unknown stations sell btw 120 and 150. I belive by first week of february the price will go down. By then d major marketers will have alot of fuel.

eromspete:
UAE has already removed petroleum subsidies since last year.

Fuel pump prices has been as per market prices since September 2015 and the cost per litre of fuel has been dropping every month because of the current low market price of Crude Oil.

tuale4u:
Venezuala economy is bleeding right now. They are d worst hit by d drop in oil price because of thier huge social welfare programs

tuale4u:
The pricing will be regulated. There will be a maximum price announced monthly. Many countries without Subsidy still regulate price for consumer protection.

Stycon:
Hmmm...http://www.globalpetrolprices.com/gasoline_prices/


So your point is subsidy should not be removed as planned even when it's evident that we may not be able to afford it conveniently any longer without incurring more debt and that some sycophants are using it as a cover to exploit Nigerians

Stycon:
Do you mean "we" as in individual consumer unit or "We" as in nation~aggregate demand "Cos the last time I checked the international market for the supply of this finished product is not closed

Ofcourse, I understand that removal of subsidy might tell on the citizen's purchasing power in the long term.

GogobiriLalas:
Since Nigerians are not on the streets protesting the planned removal of fuel subsidy, I guess they're now smart enough to realize the advantage....poor Jonathan

Stycon:
I'm not contesting that

My concern is the aftermath and the proper investment of these funds in projects that improve lives.

However, I wonder how this product is going to be priced~ are we looking at full deregulation here or government will still give price benchmark, more like getting involved~ "Cos the pricing is another issue

bidemi12:
Pray tell, how did you arrive at that bold statement?

tuale4u:
D fact that our bill is high d more reason for us to drop subsidy. Subsidy is a recurrent expediture. It has no impact on d future of d country. It is just consumption

modath:
Stop chasing shadows & peddling bad belle opinions..

Nigerians were not against the removal in principle but cos they didn't trust (rightly so) the government to do right by them, we know they are not sincere & will never be judicious with any savings....

By the way "Mr unretarded Solomon of our time" who loves Nigeria more than the next person---- , what happened to the proceeds of the partial removal of subsidy? Lawan & Otedola drama, how far?

Kindly highlight just 2 ways it benefited the average Joes & janes .....

You have till May 29th 2019 to give an answer!!!! Uhhhhhmm!

tuale4u:
http://oeronline.com/industries/energy/saudi-arabia-fuel-subsidies-cut-as-crude-revenue-dive.html


Why Nigeria should do the same

United Arab Emirate has an estimated population of 10 Million in 2015
Saudi Arabia has an estimated population of 32 Million in 2015
Nigeria has an estimated population of 170 million in 2015

United Arab Emirate produce an average of 3 million barrel of oil per day
Saudi Arabia produce an average of 10 million barrel of oil per day
Nigeria produce an average of 2.2 million barrel of oil per day.

United Arab Emirate refine 1Million barrel of crude a day(about 80million litres of petrol a day)
Saudi Arabia refine 3million barrel of crude oil a day (about 240million litres of petrol a day)
Nigeria refine 300 thousand (0.3 million) barrel of crude oil a day (about 24million litres of petrol a day)

UAE and Saudi Arabia do not import petrol. Their refinery operate at more than 95% capacity. All their fuel consumption is produce domestically.
Nigeria import 80% of petrol consume in the country because Nigeria refinery find it difficult to operate at 50% capacity. Most times all the petrol consume in Nigeria are imported.

if UAE and Saudi Arabia can not afford subsidy anymore despite producing and refining their petrol in their country, I don't think Nigeria who import almost all the petrol it consume can continue with subsidy.

A Nigeria is a country with no infrastructure. Instead of wasting the little money we have on consumption through subsidy that favour the rich more than the poor, the money should be directed to area which have more impact in the lives of average Nigerians.

The more the number of cars you have, the bigger your car and fuel consuming generators, the more your capacity to fuel the cars and generators the more you benefit from subsidy. And it is the rich and upper middle class that falls into this categories.


Cc: Lalasticlala, Obinoscopy, Mynd44

naptu2:
1991. (There has always been some form of mobile telephony, since the 1970s at least, but it was in 1991 that it was integrated with the regular phone network [the 090 phones])

aNAIJAFAN:
Which cheeseball generation?? I ws born in 1998 and I ws using dat Sony ericsson k750 as at june17 2013 na virus kill am.... U com dey say cheese ball generation..
How could you afford the phone and credits then? Answer ur parents
Same people who will normally buy you cheese balls.











Weel sha read my signature

naijaboiy:
[color=#1980BC]From '94?

When exactly were mobile phones allowed into the country?

Check again. [/color]

joe4christ:
Yea I do get your point. At least you're more comprehensive and your points are narrowed properly and constructively unlike that useless chinchum fella who buttress a point he himself seems unable to decipher.
Mr Erico, you'll sincerely agree with me that there has indeed been noticeable improvement in the refineries lately, atleast compared to how it has been functional in the previous administration.
We should learn to commend our leaders when they do little, it will encourage them to do better, especially when they feel appreciated.
Sentiments aside mr. Erico, the production capacity in the refineries with that of warri inclusive has improved notably under this administration.
Is it a Yes or a No

joe4christ:
Sorry, the errors came as a result of my engagements, I've been busy lately, and I had to reply you cos you were more sentimental in your analysis than rational, and of a fact, you are the one issue here, I was just using your own words against you, your analysis are nothing but nonsense.
If the 3 refineries we've got are currently producing 6.7million pms to meet local demand out of the average local demand of 40m, from thesame refineries that were almost non function 8months earlier, but could now be producing 6.7m litre within the space of 7month of this new administration overseeing it's affairs,
Can't your irrational mind no matter how demented it is, see possibility of this administration achieving more?
Your analysis spew lots of sentiments which could only have come from a pessimist with a deluded mind so shallow as the depth of hades...
Work on yourself dude...