₦airaland Forum

OkoAmarashy:
We want the greater evil. Leave it like that.
Pinnacle will import fuel and sell it for cheaper. Dangote can go to hell.

Guess who owns Pinnacle?
Or you think Pinnacle tank farm was built without the input of Tinubu and Buhari?

You better speak for yourself.Who are “we”?

The same idiots that complain of a very weak naira are also supporting importation of fuel being produced in Nigeria.

frazee:
You support competition from but you dont want importation of pms? So, how do competition happen..
Baba you are a pure monopolistic human who can't thrive were others are...

Your comment is a colossal tragedy.

Competition should come from local manufacturing and not importation which further weakens the poor Naira.

Until we have competitive refineries, monopoly and higher pricing,are lesser evil than importation of what is already produced locally!

Cheaper petrol or other products,does not imply better economy.

Your comment is a colossal tragedy.

Competition should come from local manufacturing and not importation which further weakens the poor Naira.

Until we have competitive refineries, monopoly and higher pricing,are lesser evil than importation of what is already produced locally!

Cheaper petrol or other products,does not imply better economy.

nairalanda1:
Optimally 18 years is a good age to enter university

Some even say that 21 is better.

I said what I said. If you like, abuse me.

And if you like modify my comment

18-21 is best for university entrance.

Some prefer 32 for full maturity
Orisirisi commentary on Nairaland😏

10mobile:
Is your name Methuselah? Your generation failed to birth a great country. So, we threw away everything you cherished.

Trash!

Are the new generations doing any better?

Google Play

Righteousness2:
Only an " emmanuel" Possessed with the Spirit of the anti-christ will utter such Blasphemous Blasphemy.
And only those without knowledge of their Existence will hail such blasphemy

And I say to this French macaroon:

ISRAEL was ESTABLISHED by GOD'S decree!
No human, devil, spirit, Organization or Entity will do or can do anything about it.

[b]

Idiot.

naptu2:
This type of headline has been causing problems since the beginning of Nairaland.

In most cases, the problem is caused by the journalist, not the person that made the device.

What is the source of the power, is it electrical, chemical or motion?

Your question does not really matter.

Understanding is the most important factor in communication.

We all understand that in Nigeria, fuel means petrol or diesel.

So the innovation is a generator that does not use petrol or diesel.

So the same person Christians call god,had to be supported financially ,to propagate his ministry😀

Christianity is a scam!

The same person that turned water to wine and fed multitude with bread?😀

This OP is a very big clown!

Probably he was not born when Sowore began his activism.

It’s a great insult to Sowore for lumping him together with social media noise makers,how many of them have faced bullets and imprisonment.

Rubbish!!

grandstar:
This is the problem with you: you never want to learn.

You prefer to proffer uneducated answers to economic issues.

Economics is about 400 years old if I'm correct. People are awarded Nobel prizes. It comes with a doctorate program. Someone can not rise up one morning, spurring rubbish, thinking he talking economics.

Go through that link and educate yourself.

For interest rates to work effectively, it must be higher than inflation.

https://www.google.com/amp/s/businessday.ng/big-read/article/cbn-mops-up-n1-51trn-in-four-months-to-stabilise-economy/%3famp

I want you to answer these 2 questions after reading the article.

1. Who are the target institutions in an OMO?

2. What does OMO stand for?

Trash!


Insanity is when you keep on doing the same thing and expect different result.CBN is irredeemably insane.


For over two decades ,CBN has never tamed inflation by increasing interest rate,yet the insanity continues .

Nigeria’s inflation is cost push and not money push,the so called excess liquidity is only in very few hands.

Hike in petrol price,exchange rate and transportation costs,are the cause of Nigeria’s inflation,not excess liquidity!

An undeveloped economy like Nigeria, needs extra ordinary high level of productivity powered by very low cost of capital(interest rate) within global average.

Virginity is in the eye of the beholder🥴

FG should ban importation of Petrol, with immediate effect.

A less import dependent, productive economy, is far better than the one with cheaper imported fuel.

It should not always be about cheaper price, but higher productivity.

Price is not permanent.

DeLaRue:
I personally don't have a problem with the price of electricity, though I can understand that the experience of those in Band A is probably different.

I have always used electricity judiciously, so any pre paid electricity I buy tends to last for a reasonable length of time.

I have always been fastidious about switching off all gadgets FROM THE WALL.

First thing I do when I get out of bed is to pull my curtains so I take advantage of natural light. So, most if not all internal lights are off for most parts of the day unless I absolutely need it.

If I am leaving a room and not returning to that room within 5 mins, I switch off the light. Lights in any room that is not occupied is always switched off.

These are just habits that have become part of my routine. I don't do them because of electricity bill, but it has a very positive effect on my electricity bill. I have not bought electricity for about 3 months now, so cost of electricity is really not an issue for me.

Many Nigerians use electricity wastefully because we have one of the cheapest electricity prices in the world. But that is going to change with the introduction of new bands.

You’re just one of the unrepentant,nonsensical and illogical commentators.

If we have one of the cheapest electricity prices in the world,do we have one of the highest incomes in the world?

You keep on making very senseless comparisons.If your own income is high,what is the average income levels of Nigerians compared to countries where electricity prices are high?Is it not from your income you spend for expenses ,including electricity ?

Rubbish!

Available9:
This stupid league where the referee is aware that the home team must not be defeated.. rubbish

Stupidity is when you think supporting a foreign club or league,is a thing of pride and status.

Great!

It’s time to promote ours.

Foolishness and stupidity is when you think supporting a foreign club is a thing of pride and status.

The Polytechnic Ibadan has become a den of highly fraudulent rector and lecturers!

Thousands of Final year students are being fleeced, threatened and robbed of their sponsors or parents' hard earned monies. Just for them to graduate, final year students are being forced and threatened to pay through their nose, via very ridiculous and illegal so called clearance fees running into tens of thousands of naira per student, exclusive of any outstanding official school fees. You pay N20k and your "Project" is delivered to you ,no work ,no research!

Also apart from these "clearance fees", There is virtually no student whose results are not being deliberately tagged "Awaiting " or "Outstanding".

This Monday, OND final year students were called for a "meeting" where demands were made from them, to pay N15,000(Fifteen Thousand Naira) if they would like to clear these awaiting or outstanding results, for graduation.

Every student has been given up till This Thursday to pay up or get "anyhow" grade that may likely be carry over..[/b]


It's high time we exposed and flushed out all the criminals destroying our educational system!

He would probably gamble with the company's money

Or probably just trying to proof his capacity and capability to take on high risk investments

dibunotion:
Invest more in our local leagues especially on smaller divisions
Make it more attractive and accessible to the populace with rigorous and colourful promotions and lots of incentives for viewers.
These automatically breeds better indigenous players and coaches. So we don't have to rely on those bad behave foreign based players and expensive coaches.
Let's build a system rather than seeking quick solution.
Governance shouldn't be this hard na

Thank you for this!

What has even the so called quick solution achieved?

The visionless NFF administrators are always seeking for white skinned coach at the slightest provocation, as if qualification for a tournament is a sign of well developed and indomitable footballing culture.

Aro mental moves

Fahvvy:
Those of y'all supporting that guy are wrong! ...

Whoever invites any out should pay for the treat or at the very least, inform your date that you want to go dutch on things, that way, they'll be prepared before coming ...

Ifthat girl didn't have cash, she would just be embarrassed to death because of a boys immaturity - honestly eh, some of y'all need to grow up! ...

And girls, when you go out eh, try dey order food with conscience ...

Don't go on a date and proof to the world that you're a retched orphan who hasn't eaten for 2 years ...

Receive some senses.

The girl ordered for food without the guy's consent.

DevilsEqual:
But she's biologically female na
She only has higher testosterone level, but aside that, shes still a lady and never a Trans

IOC said they allowed her cause her testosterone level is still well within their threshold for a female athlete

Make we no dey push false agenda abeg

There should be a limit to the level of testosterone a "female" should have to qualify ,otherwise that would be tantamount to doping.

gloryman91:
Oro festival affect freedom of movement of others.

This is just deceit, government should ban Oro festival now.

Correct.

Stupid talk.

Which other religious festival stops others from going out?

Demand no.3 spoils the whole show.

You are still demanding unrealistic minimum wage of N250,000 when a democratic tripartite committee including private employers, could not go beyond N70,000?

Those foolishly converting Nigeria's minimum wage to dollars, should also do same to Nigeria's productivity and revenue base(public and private sectors).


Protest yes, but do it with some common sense!

Eriokanmi:
You tried but dangote isn't operating in a monopolistic market. Bua group, Ibeto, Lafarge/WAPCO are still in active operation in same market. Dangote only has a edge over them because he has the financial muscle as an individual to operate. He also has cement plants outside Nigeria esrning him stable fx,hope you know.

On the oil and gas investment, before Dangote came we had 4 solid refineries which they rendered moribund due to corruption in the system. Only nnpc was importing petrol, the Monopoly which Dangote refinery has now broken. Rather, nnpc was the one operating as a Monopoly in the oil and gas market, not dangote who came just yesterday.

Bua group is also coming up with their refineries. It would soon be completed. We have modular ones too which have been in operation before dangote came. If you have the capacity today, you too can build one. Dangote had reiterated that he enjoyed no benefit from the FG. The money they contributed was a loan, which hes been paying back already. He also said he paid 100m usd for the land he built the refinery on.

So, in this case, Monopoly is out of place.

Just ignore the quack.

Why should even the fear of monopoly be more important than the fear of killing a refinery that would contribute to Nigeria's higher productivity, employment and economic development, but resorting back to the dark ages of fuel importation?

How can a normal person match fuel IMPORTATION to fuel PRODUCTION, as a way of checkmating monopoly, instead of production to production?

And for the high price of cement being referred to, Nigeria is still far better, as a manufacture and net exporter of Cement.

Economic development is not about cheaper prices, but higher local productivity!

malali:
Get well soon.
You are in our prayers.

Idiot.

Respond to the issues raised or keep quite.

Quack analyst.

malali:
Akinwunmi Adesina,

Your passionate defense of Dangote’s monopolistic tendencies is misplaced and ultimately detrimental to Nigeria's long-term economic health. Let’s be clear: the open free market should determine winners and losers, not subjugation or forced patronage.

Monopoly and Market Distortion

You argue that monopoly exists due to high barriers to entry or high capital costs. While this may hold some truth, it does not justify the creation or maintenance of monopolies, especially not through governmental favoritism. Dangote has benefitted immensely from the Nigerian state: free limestone, free land for cement factories, some of the cheapest non-unionized labor in the world, unlimited tax concessions, and numerous import waivers. Despite these advantages, what has been the result? The cement business remains a monopolistic cartel. Do Nigerians enjoy cheap cement today? The answer is a resounding no. Dangote was one of the first to hike cement prices, exercising his market dominance at the expense of Nigerian consumers.

Dangote Refineries and Energy Sector Monopoly

Now, you suggest we should hand over the energy sector, crucial for 300 million people, to a single man. This is both dangerous and short-sighted. Dangote’s decision to build a $19.5 billion refinery was his own business choice, and with any business venture comes inherent risks. He should have anticipated the possibility of buying crude at market rates and selling refined products in an open market. Expecting the NNPC to capitulate to his demands reeks of entitlement and undermines the very principles of fair competition and market dynamics.

Misplaced Sympathy and Entitlement

Your attempt to elicit sympathy by emphasizing Dangote’s massive investment ignores the fundamental fact that he should have considered market contingencies. Dangote should compete on equal footing with other businesses, not seek special treatment. Throwing a tantrum and trying to manipulate crude sales and petrol procurement from the NNPC signals a disturbing sense of entitlement.

Economic Independence and Fair Competition

Nigeria’s energy sector, like any other, must remain open to fair competition. Your call for protectionist measures to favor Dangote is a call to undermine the very fabric of a free market economy. The energy sector should be driven by innovation, efficiency, and competition, not by monopolistic practices.

A Call for Economic Justice

The days of allowing a few individuals to dominate critical sectors of our economy must end. We have seen what happens when monopolies are allowed to flourish – prices soar, quality suffers, and innovation stagnates. It’s time for Nigeria to embrace a truly competitive market, where every player has an equal opportunity to succeed.

Adesina, you call for support and protection of local industries, but true support lies in fostering a competitive environment where no single entity can dictate terms. We must not surrender our economic future to a few individuals. The Nigerian people deserve better – they deserve fair competition, better prices, and improved quality of goods and services.

Nigeria's economic landscape should be determined by open competition and market forces, not by entitlements and monopolistic control. It’s time for a new era of economic justice and fairness, where the interests of the many are prioritized over the privileges of the few.

Sincerely,
Malali.

Insanity is when you think a local petroleum refinery can successfully compete with a petrol importer in Nigeria.

We can as well start importing everything that we already produce in abundance in Nigeria.

Stupidity is when you think a refinery that can supply all our local needs should be frustrated by making it compete with brief case importers.

High pricing as a result of a non deliberate monopoly(Nobody is stopping other refineries) by a company employing thousands of Nigerians, is far better for the economy, than flooding the economy with cheap imported fuel.

It is not low prices of commodities that develops an economy, but high level of productivity!

An inflationary but productive economy is far better than a nonproductive, low inflation, low petrol price economy!!

Only a quack economist or analyst would think otherwise.

Insanity is when you think a Nigerian petroleum refinery can successfully compete with a Nigerian petrol Importer!

nairalanda1:
Election going to be interesting this year. FIrst woman president or trump again.

This should be a very easy decision for the Americans.

They've had Trump who was voted out, so why not Harris?

triplechoice:
Another senseless talk from you again.

Despite the fact you have been informed by others here that minimum wage is not for every employer of labour in the private sector, you still want to mislead the public with misinformation.
If you don't have 25 staff and above in your payroll as a private employer of labour, you're exempted.

So , the private schools in your village with less than that number of staff is not part of it.

You are the culprit here.

His argument is for the village school that is qualified and mandated to pay minimum wage.

Or you think all village schools have less than 25 staff members?

jattopeter:
You have a point sir , where my challenge lies is this , there are some company that you know has the capacity to pay , via what they declare yearly as a profit and Choose not to pay. I Knew of a Company that every year , they declared humongous profit made with in the year , yet their Lowest staff , Intern , Cadre , Contract staff Receives as low as 30,45,50 all in thousands , thats where my concerns lies. Mind you these their Lowest staff , some has ND,NCE,HND , BSC even Masters.

Mr ignorant, the minimum wage law does not apply to casual workers.

Moreover, the argument here, is for majority of SMEs who genuinely cannot afford to pay N70k minimum wage.