₦airaland Forum

Una dey here dey blog for romance section when naija dey on fire? Una serious so?

faithin9ja:
@fork addict[b]

Your analysis suggests subsidy is N75 per litre, I and the figure of $7 billion says the figure is more then N75 per litre.[/b] Be real my friend, is it today we will start to tackle corruption in Nigeria? remove the incentive and remove the corruption.

Be real, can we really sanction all the importers of PMS, Oando, Xenon, Capital, etc can we arrest all the NNPC, DPPR, customs, Navy officials, Ministry civil servants, etc who are involved in this 'violation of our country'. Believe me, even the honest importer after importing petrol at N140 per litre he will not get his refund from the government is he does not hand over the 'egunje' first. Meanwhile the bank is hounding him to pay back the 90 day credit they gave him at exorbitant interest rates.

Free government money only breeds inefficiency, fraud and corruption. In America it's called 'pork' in UK they have big problem in tackling fraud in their own subsidy - UK subsidy is not petrol but the welfare state.

The two groups of people to immediately suffer from subsidy withdrawal is the the common man paying N140 per litre and the so-called cabal (I listed some of the players above)

'foolish man plant mango for road oh! anoda man go pluck am'

Free the market, allow those of us who want to build refineries, allow us build, those of us who want to import PMS, allow us import, let the banks lend us money to bring in PMS, then watch the price fall when the real competition starts, when 2 petrol stations on the same street are selling at different prices.

@ faithin9ja,

ok My analysis quoting N75/litre as the subsidy is wrong? Now respond to this post telling me how much the subsidy is. Mind you, GEJ said in his address and i quote 'This evening, I address you, again, with much concern over an issue that borders on the national economy, the oil industry and national progress.  As part of our efforts to transform the economy and guarantee prosperity for all Nigerians, Government, a few days ago, announced further deregulation of the downstream petroleum sector. The immediate effect of this has been the removal of the subsidy on petrol. '

I was somewhere in the middle belt region and i bought fuel at N140 per litre. In ogbomosho, on my way back to lagos, i stopped at a filling station and bought fuel @ N138 per litre. I got to lagos and bought some more fuel @ N140 per litre. In all these instances, the average pump price is N140 per litre. At the emboldened in the extract from Jona's speech, he said that the subsidy has been removed. If so, and we had to buy at an average price of N140/litre when the former price when we still had the subsidy was N65/litre. So how much is the subsidy then? This is simple arithmetic guy.

You also said that is it today that we started tackling corruption in naija? FYI guy, since the inception of EFCC and ICPC, what we have always had wasnt a true anti corruption war. Believe me, if we were to fight corruption the way we should,  all those govt agencies and cabals you mentioned will be  dealt with appropriately. I can make some recommendations here but that will be derailing this topic. So i ask you again, if you say its impossible for corruption to be tackled in a few agencies, which are tiny subsets of the nigerian nation, how then do you expect us to fight corruption in the nation?

By the way, you seem not to get my position on this subsidy sheet correctly. I know that subsidy removal is inevitable. I know that maintaining the subsidy regime can be a finacial burden and that the market needs to be free to enable private investors to come into the country to build refineries etc etc. I understand these points for facts.
However, i am also saying that THIS IS NOT THE TIME TO REMOVE THE SUBSIDY. Even Sanusi said in the debate that with the present system and all its attendant coruption and ills, we can still keep subsidising till 2015. Imagine if the system is now sanitised, it means that we can still maintain the subsidy regime for many many more years. So why do you choose to punish nigerians most of whom live below the poverty line just because you are confused, helpless and overwhelmed with fighting corruption in the oil sector? Does that make sense?
Mind you, discussions were still ongoing when your president, just unilaterally removed the subsidy like we were still in a military regime. It was all over the news that the removal would take effect in April. Only for the clown to remove it on Jan 1. This kind of shock need to be prepared for. We need to pshyche ourselves and develop personal action plans on how to survive when the subsidy is eventually removed but he did not give us that opportunity and so we surely will resist.
You may also search one of my responses to BEEF on this thread on the conditions that ought to have been met before talking about subsidy removal. i cant start enumerating them all over again.

faithin9ja:
@fork addict

[color=#006600][/color] pain.


You have not been listening !!! this why subsidy must stop. Your figures are wrong and simplistic but the principal you have raised is exactly the problem. Those importing petrol, NNPC, DPPR, etc deliberately increase the figures of petrol that is imported so to increase the amount of money they claim from the government. This is why giving subsidy is unsustainable. In order to keep the pump price at N65 the government is paying these so-called cabal well over N140 per litre.

If government refuses to pay or start an investigation, they will simply stop bringing in the petrol and we have fuel shortage. Even the marketers that are suppose to deliver petrol up country, to Kano, Maiduguri, etc - NNPC pays them a different amount to offset the transport of taking the petrol upcountry so as maintain the N65 per litre, guess what? the marketers divert the petrol either to neighboring countries or sell right there in Lagos. That's the folly of governments trying to manipulate markets.

Na wa for you o. People like you are so judgmental and rash. Did you take a minute to understand my analysis?

How are my figures wrong? is it the N75 subsidy rate/litre or our daily consumption? FYI the 2million litres/day mark up i gave is to take care of 'other exigencies' such as the marketing and distribution costs. Multiply 2million litres/day by 365 days by N75 subsidy/litre and tell me if that aint enough to cater for the distribution and marketing costs.

The point of my previous post is that we should not be talking about subsidy now. Subsidy is the only 'bond' many nigerians have with the government. Sever that and you are simply snuffing life out of nigerians. Besides we need to fight corruption in all forms in the polity and rechannel these 'leaking' funds back to the nation's coffers and put a few more things (that i enumerated in an earlier post of mine) in place and only then can we start talking about subsidy removal. I know for a fact that the subsidy thing is unsustainable. But if we tackle corruption, we can still go ahead with subsidy for many more years. Even Sanusi said so in the debate. Go find out.

To further prove that GEJ and his goooons are only lieing to nigerians and just trying to take us for a ride, a simple analysis is in order:

Iweala and other criminals tell us that in 2011, N1.1 Trillion was spent on subsidy.

OK. Our daily requirement of petrol is about 28 million litres. For the purpose of this analysis I assume 30 million litres per day.

There are 365 days in a year. Our yearly requirement/consumption of petrol is 365 daysX30 million litres/day= 10.95 billion litres per annum.

The deregulated pump price of petrol is N140 per litre. Pump price before the deregulation was N65 per litre. This means that for every litre of petrol we consume, there is a N75 the government pays as subsidy.

To calculate how much the government spent truly in yr 2011 on subsidy, we multiply our consumption for the year by the subsidy rate per litre thus we have

10.95 billion X N75 = N821.3 Billion naira.

So how the fork and i mean HOW THE FORK ON EARTH CAN N1.1 TRILLION BE EQUAL TO N821 BILLION?

Mind you, the real figure spent will be much less than what i arrived at because my daily estimate had been marked up by 2 million litres per day which is not a small amount.

GEJ and IWEALA, and their agents on nairaland @ beef especially it will not be well with you all for causing the average nigerian this much pain.

Beaf:
You must think you are very important! LOLZZZ!!!!
There is a reason why people like you are obnoxious, I think you should find it out. The answer certainly does not have "Beaf" in it.

You are not only unreasonable  but you are also daffft. Who is the obnovious one here between me & you? Almost everyposter in the politics section has got issues with you and they also insult you. How many posters do same with me?

Beaf:
What I think would be wise, is that all Nigerians actually apply themseves to learn how insidious and all-pervasive the petroleum mafia is. I made an allusion to the police force elsewhere. Fighting the corruption in the petroleum sector is like fighting the corruption in the police, it is impossible; jailing people would have been a waste of time and chasing the wind.
If someone was to give you a choice of fighting corruption in the police force or totally scrapping it and starting afresh, which would you choose? It would be real funny to see someone jailing policemen to reform the force.

So according to you, fighting corruption in the petroleum sector which is a tiny subset of the nigerian nation is impossible. So it automatically means that fighting corruption in nigeria as a whole is much more impossible according to you. Now i see why you were so desperate in seeing that Buhari never emerged President cos you knew that corrupt and morally bankrupt people like you would be gonnas. Listen up Mr Beef. No nation in the world with the corruption level as high as Nigeria's can make progress. Before nigeria can progress, we need to fight corruption and i disagree with you beef, IT IS VERY VERY VERY POSSIBLE to fight corruption. You may take a clue from singapore. It only takes an honest leader with an honest team to clean up naija

Beaf:
There is rapid building in the power sector and we should have hit 5000MW by now (due December), if not for NLC and PHCN blackmailling the govt. It would have been better to have 5000MW, but since nothing works to schedule in Nigeria, it is best to push on with urgent reforms.

Why are you lieing and who do you think you can deceive? You are so despicable. If you made that statement out of ignorance or by deliberately trying to deceive people, either way it makes you contemptible. Our power generation isn't anywhere near 4000MW talk more of 5000MW. Its at 3000 plus a few hundred megawatt at best. So stop lieing.

Second, @ the emboldened. Its like a university graduate studing to be a medical doctor. But because his university got issues that threatened to turn his six year course into an eight year course. he then decides that because nothing works to schedule in his school and because of his desire to start practicing as a doctor, he has the right to go out and start practicing as a medical doctor without actually graduating from school. My point is, if there isnt steady power, then dont go ahead with deregulation.

Beaf:
That will never happen.

What is the big forking deal in passing a bill that states that everysingle nigerian irrespective of your office (well maybe with the exception of the president and his vice) be financially responsible for the fuel he uses? Let ALL OF US FEEL THE PAIN OF THE DEREGULATION TOGETHER! What is wrong with that?

Beaf:
^
Abeg, learn what deregulation means so you don't ask such questions.

You mean you are actually uttering curses, because you feel you have a right to be paid by govt, rather than demand the right things or do a hard days work?
Are you proud to be a beggar? I find your position absolutely ridiculous and laughable.

I almost vowed once not to ever respond to any post of yours as long as Nairaland exists because to me, you are the most fooooolish, most unreasonable and most disgusting creature on the planet. Your antecedent has always been to support on Nairaland any policy GEJ comes up with no matter how sensible or otherwise and to isult others that feel otherwise about such policies. Now going by your previous posts on this thread, you support both removal of fuel subsidy and the timing. But i have a few questions for you. I am prepared to reason with you if you prove to me to be a sensible person. And you can only prove that by answering each question as intelligently as you can. Please find beneath my queries:

1. The government has acknowledged the existence of oil cabals and the corrupt practises (e.g round tripping, gross inflation of re-imbursements due to the oil marketers etc) in the downstream sector. Okonjo Iweala states that last year alone, government spent approximately N1.3 Trillion naira on subsidy alone. Although i don't have the exact figures but given the level of corruption and unimaginable kleptomania and moral decadence that exists in the downstream sector of the oil industry, I imagine that at least 40% of that amount (approx. N520Billion) found its way into the pockets of some individuals. Don't you think it would be wise of your GEJ to first fight corruption in the sector, recover this amount and keep on subsidising petrol for nigerians until when it will be clear to everyone that subsidy is no longer sustainable? If he does this first, i guarantee you that we will not be talking about subsidy removal in the next couple of years.

2.Would it not be wise to first improve power generation nationwide to at least 5000MW so that there would be reduced demand for petrol by nigerians who have to provide power for themselves before thinking of removing fuel subsidy?

3.Can't our leaders make the smallest sacrifices e.g reduce unnecessary, non-value adding foreign trips, number of aides, security votes or even allowances thereby making some extra savings that may be returned to the nation's coffers and used to provide for some of the much needed infrastructure by nigerians?

4.Virtually all of the government officials that propose this subsidy removal do not buy fuel for their use with their money. Either looted or legitimately earned. Why can't the government enact policies that will make everysingle nigerian pay for the petrol he needs. That way we will believe that we are all in this together. But GEJ and his goooons do not buy fuel with their money but they want the common man to but fuel @ N140/litre? Hell No!

FYI. I belong to the school of thought that believes that Nigeria can not sustain the fuel subsidy for much longer. But I believe that it shouldn't be mentioned until all these points highligted above have been realised. Then and only then may we start talking about deregulation.

@ JP pHILLIPS.

You may recall that we had met on one thread where we argued intensively and extensively for and against deregulation. Your position then was very much different from your position now. At least going by your very first post on this thread. Its good to know that for those that are objective and willing enough to learn, Nairaland can be a very very useful forum.

But for fooooools like Beaf and the likes, let us just ignore them and hope that their fooly drives them to their destruction very soon.

God is such a merciful God. Otherwise, maggots like beaf should not, be alive by now.

@ JSL. I love your post. We kinda share a similar experience. I also intend to be closer to God.

Good: I fell ill only once all thru the year as against every 10 weeks in previous years.

Bad: I drove my car thru an unnavigable terrain and damaged the gear box. Cost me about 100 grand to fix

Ugly: I set a target of forking about 12 new chics in the year. All regular chics. No whores, no club chics. I only ended up forking about 7.

Hero: Tuface. Because the guy don too fork naija chics. I really would like to be in his shoes.

Villain: Samson Siasia. As much as i loved him, he couldn't help naija qualify for the african nations cup. Something unheard of in close to thirty years. I was left with no choice than to sack him

1. Igbo. (weed)
2. Annnnnal sex
3. Rimming

@ OP.

Newton's third law of motion states that for every action, there is an equal and opposite reaction. Your reaction must have been prompted by an action that i don't and i guess no other nairalander knows. Please see me as a friend and talk to me. Together i believe we can get to the botoom of this. So OP, what exactly happened?

*@ All nairaland guys. Una fall my hand o. Wey i expect say una go don roast this chic chop her since for daring to post this kind nonsense. Una dey do sme sme.***

**** Fork Addict strolls in with both hands in his pockets and inspects thread. Nods in approval****


To answer the OP's question. Although i am not proud of it but cheating is and always will be a way of life for me. Reason is i get bored with the same pussy after a while. No matter how spicy, juicy, tasty the pussy is. Its only a question of time i will be bored and will want a breath of fresh air. So this prompts me to go scouting for pussies and the cycle goes on and on.

Please my humble appeal to all nairalanders that attend MFM. Kindly remember me in your prayers abeg cos for how long can i continue like this?

francis247:
you are a CRETIN. A tacky one at that.

Na your papa be cretin. Your mama tacky. And you baba foooooool

soloqy:
There is no way anyone here can take you seriously . Since you equate your inability to Be Intimate to the terrible tragedy that befell our Nation.
Are you a teenager or what? So irreverent .

I fit born you if you no know!

Okay. I never knew when nairaland changed its name to Nairasaints? What's up with everyone saying no to the op's question?

So as for me not to disrupt the flow, i also will say no.

I'll be back later to check if guys that are sincere start posting. Then will i also post the truth, the whole truth and nothing but the truth.

This Christmas is the worst i have celebrated in a very long while. First of, a chic i had plans of forking to a state of coma did not honor our appointment. Omo men, e no funny. Konji nearly scatter my head!

Next was the series of bombing across the nothern cities. Then came the stooooooopid utterance by GEJ who i feel is the daftes and most stooooooopid president in the whole world.

But why the hell are nigerians so sentimental, shortsighted and downright stoooopid? How could this guy have won the last presidential election? Nigerians knew full well that this guy was a failed governor of a tiny state (both in land mass and in population)  in the south south region. Yet they expected him to succeed as President of a complec country like naija?

Please my people, let us start mobilising now for Buhari come 2015. Weve got just 3 yrs. We should not let these sentimental and foolist bigots put our lives in jeopardy for another 4 years.
.

Anyone who believes the gonerment's agents' arguments is the biggest foooooool alive.

What efforts has the dense and dafffft government of GEJ done to fight the cabals? These cabals are humans who live with and amongst us. So they all feel that the best way of frustrating a few tens of demonic, blood sucking thieves is to cause a hundred million plus nigerians pain.


The government has done nothing has not demonstrated a strong will to fight corruption. This is the first thing to do before you dare open your dirty mouth to talk to us about fuel subsidy removal. Or how can one explain a wicked situation where a fuel importer imports fuel into the country, declares the quantity to the federal government, gets paid in full only for the same guy to take the same fuel to cameroun or other countries to sell @ 150 naira or more?

In the event of the subsidy removal, how can anyone assure us that the funds accruing from the initiative will be put to good use and not embezzled by the few with acess to the funds? I.dio.tic Jonathan and his gooooons.


This is by far the most confused, most wicked, and daffftest nigerian government that i know of. God please save our souls!

I would have loved an all-round winner. My winner must be able to sing, must be good looking and must be able to fork!

Monica could sing. She isnt good looking and she doesnt look like someone that can fork well.

My annointed winner would have been Yvonne. Great singer. Pretty girl. Her lepa figure also makes her manipulateable in bed. as far as im concerned, she won the show.