₦airaland Forum

buy4me:
Plan is underway to further frustrate Gov. Timipriye Sylva of Bayelsa State by the weekend.
A top information source reveal that the plot will be achieved by having the supreme court make a ruling to sack all the governors of the state where elections are pending to be replaced by speakers of the state houses of assemblies in those state; by doing this, sylva will be at the mercy of Jonathan .

DONT KNOW HOW RELIABLE THIS IS! ANY HINTS

+9

Haywire99:
my question is, if u're the president what are going to do to stop this BH bombing?

i will assemble a team of int. intelligent agency to assist since ours has failed

hilli666:
Okay Okay calm down guys, lets sit a talk about this like mature adults. I know we all have our resentments about the President, but seriously lets list out some of the good things he has done. It can't be all that bad, for example he endorsed bread made with casava, he bought some new jets for the countrys top office (Please feel free to jump in and add your own). The fact that his wife cant speak english give hope to millions of Nigerians women. It sends a clear message " you dont have to be educated to be first lady". I mean if we can look past security issue, corruption, failing infrastructure, incesant power outage etc. This guy just might be a progressive president.

+6.9

I HAD TO SHARE THIS-Which I received now. In Nigeria when subsidy is removed on petroleum, people protest & the whole country shuts down every activity & some patriots even die during the protest, but when hundreds of people are killed by sects using bombs, nobody stages protest, comments vehemently against the act or insults the president, because it didn't happen in their vicinity & none of their relatives are affected or because they are afraid to speak & get bombed too,
Where is that "Occupy Nigeria"?
Where is El-Rufai?
Where is Mr Tunde Bakere?
Where are the Celebrities?
Where are the Opposition Parties?
Where are Nigerians?
Were they all in the blast?
Why is everyone mute now?
Is Kano State not in Nigeria?
Is this not a more serious issue/reason for all Nigerians to wear black rags & truly OCCUPY NIGERIA with peaceful protest against mass killings of innocent ones? How safe are you now where you are? Yes! you reading this status & feeling safe.
Do we have energy & strength only on subsidy removal issues? Everyone is afraid now Abi dem no go occupy Nigeria again?
What a BIG SHAME
My heart is filled with mountain of grief, all toothless bulldogs can't even bark any more 'cos money is not involved for them fight for.
I am really disappointed!

I HAD TO SHARE THIS-Which I received now. In Nigeria when subsidy is removed on petroleum, people protest & the whole country shuts down every activity & some patriots even die during the protest, but when hundreds of people are killed by sects using bombs, nobody stages protest, comments vehemently against the act or insults the president, because it didn't happen in their vicinity & none of their relatives are affected or because they are afraid to speak & get bombed too,
Where is that "Occupy Nigeria"?
Where is El-Rufai?
Where is Mr Tunde Bakere?
Where are the Celebrities?
Where are the Opposition Parties?
Where are Nigerians?
Were they all in the blast?
Why is everyone mute now?
Is Kano State not in Nigeria?
Is this not a more serious issue/reason for all Nigerians to wear black rags & truly OCCUPY NIGERIA with peaceful protest against mass killings of innocent ones? How safe are you now where you are? Yes! you reading this status & feeling safe.
Do we have energy & strength only on subsidy removal issues? Everyone is afraid now Abi dem no go occupy Nigeria again?
What a BIG SHAME
My heart is filled with mountain of grief, all toothless bulldogs can't even bark any more 'cos money is not involved for them fight for.
I am really disappointed!

where?

alj harem:
It is a shame you do not know the difference between goons and actual people

Paid agents are Beaf and his numerous IDs, Eko Ile

And there are tribalist that would support anything so long as it does not favour the hausa and yoruba, these people are majority Igbos on NL eg Point B, Nchara, Obiagu etc

Imagine the same people support punishment of the cabals angry at Ifenyi Uba's persecution.

you see what I mean.

Even the last protest showed the both the hausas and yorubas populist DON'T care if their tribe man is corrupt. Poverty has no ethnicity or race. it is everywhere and the sooner we stop thinking shallow, the better it is for all of us which include an average Ijaw man.

I was looking at bayelsa the other day and all i did is shake my head. that is the same state Alams and GEJ were once governors.

GEJ is the president now, Alams is part of his carbinent and you think these people care about you ?

I am sure they don't even know likes of us exist until during election when they send like of Beaf to deceive the gullible minds. eg like of you.

Let my remind you that the person that stated fighting corruption int he country is OBJ, that the first victim was tafa balogun a yoruba man as well. Another one is Ribadu and his first victim was Alams, so people don't care what ethnic group you are from.

WE WANT DEVELOPMENT. a good country would not only be go for an avearge man regardless of his ethnicity but petty things like tribe etc would be long forgotten if everyone is enjoying Nigeria like they do when they are in saudi, USA, UK etc

+7.3

+7

"Muslim Compatriots in Kano attend Church service to show solidarity with Christains. I am loving this subsidy removal, hehehehe, some pple re in trouble, if we can conquer religious bigotary then we have won half d battle. For years they have remained united in looting us while dey whip up religious sentiments to divide us. Some pple must be peeing in der pants now. Praissseeeeeeeee The Lord"

,

,

every onlooker is either a coward or a traitor' - frantz fannon

every onlooker is either a coward or a traitor' - frantz fannon

ade_77:
This is all basic mathematics. Anyone who went to school will work out that this fuel subsidy noise is a LIE or at best gross exaggeration.

FIRST OF ALL, ANYONE WHO TELLS YOU THAT NIGERIA SPENDS $500 million ON FUEL SUBSIDIES MONTHLY IS A THIEF.

This is basic mathematics and a fact.
They can claim that the give out $500 million in subsidy money monthly. That is between them and their thieving companies and friends.

Let's break it down:

Nigeria produces crude oil. Other countries produce crude oil.
Nigeria has 4 refineries with total installed capacity of 445,000 barrels per day (or whatever the NNPC claims nowadays).
Nigeria's refineries are not working at full capacity.
Crude oil is refined to PMS (Premium Motor Spirit) aka Petrol.
Nigerians use PMS to fuel vehicles, generators and other things.
PMS is traded internationally at a particular rate that varies.
Other countries that produce Crude oil refine it and sell to their citizens at whatever rate they please (irrespective of international rates).
Nigeria monthly PMS consumption = Locally refined + Imported refined (at International Rates)
Nigeria sells PMS to citizens for N65/litre
Subsidy = Amount paid to PMS importers for difference between International Rates for Imported Refined and N65/litre.

Example = Importers buy fuel internationally today from Venezuela at N120/ litre for example, they bring into Nigeria and sell for N65/litre. In order for said Importers not to lose N55/litre, the Nigerian Government pays N55/litre balance. This balance is the SUBSIDY.

Problem 1: Due to corruption, Nigerian officials collude with Government officials and claim to have imported more fuel than they actually bring in.

Example: Mr. Otedola's company may only bring in 1 million litres per day but claim to bring in 2 million litres per day. And like in previous example, The Government officials will pay N110 million per day (N 55/litre subisdy x 2 million litres) instead of N55 million (N55/litre subsidy x 1 million litres).

Problem 2: Due to corruption, Fuel importers collude with Nigerian National Petroleum Corporation (who by the way are in charge of the locally refined) and Government officials to buy the Locally refined and claim that the said quantities of petroleum where in fact imported into the country at international rates.

Example: Ms. Deziani's accomplices may buy 1 million litres per day of petroleum from the NNPC for N65 million and then claim that this quantity was bought at N120 million internationally (N120/litre international rate x 1 million) . They would then proceed to collect N55 million (N120 milion - N65 million) from the Nigerian Government as subsidy payment.

Problem 3:Due to corruption and inadequate monitoring, Fuel importers collude with Nigerian National Petroleum Corporation (who by the way are in charge of the locally refined) and Government officials to fraudulently under-report the quantities of locally refined PMS so they can purchase the more from the local refineries and claim to have imported said quantities (problem 2)

Example: The NNPC may claim to refine only 2 million litres per day when it in fact refines 4 million litres per day. The remaining 2 million litres would then be sold to their partners in crime at N65/ litre. These partners will proceed to sell these quantities to the Nigerian populace while demanding N55 subsidy per litre from the Nigerian Government after claiming that this 2 million litres/day were imported from Venezuela or other country. This example is highlighted by the inability of the NNPC to give account of the actual quantities it refines daily.


Therefore taking into consideration that

Subsidy = Amount paid to PMS importers for difference between International Rates for Imported Refined and N65/litre.

and the extent of problems 1, 2, and 3, it becomes easy to see why the true cost to Nigeria of the fuel subsidy may not exceed $100 -$150 million/ month.

Once again, I put forward that

ANYONE WHO CLAIMS THAT NIGERIA TRULY SPENDS $500 million ON FUEL SUBSIDIES MONTHLY IS A THIEF.


Why do Nigerians need a fuel subsidy??

Do average Nigerians really benefit from a fuel subsidy??

Interesting questions. Let me rephrase that.

Do average Nigerians benefit from buying PMS at N65/litre instead of N120, N130, or N140/litre
I think a monkey can answer that.

1. The average Nigerian buys PMS to fuel his/her car i.e N500 daily.
2. The average Nigerian takes public transport in vehicles that use PMS at certain amount i.e N50 per trip.
3. The average Nigerian buys PMS to fuel his generator i.e N1000 daily.
4. The average Nigerian buys food (bread, vegetables, fish) which is transported across the country in Vehicles that use fuel.

No subsidy equals

1. The average Nigerian needs PMS worth N1000 for his/her car daily.
2. The average Nigerian takes public transport at a new amount i.e N80 per trip.
3. The average Nigerian buys PMS to fuel his generator i.e N2000 daily
4. The average Nigerian buys food (bread, vegetables, fish) at a much higher price.

it doesn't take a genius to figure out that the average Nigerian benefits significantly from the lower cost of PMS.

It would be hard to find a Nigerian in Nigeria who wants the price of PMS to rise. It is a slap in the face of average Nigerians for ekt-bear and friends to claim that removing the subsidy will not have a tremendous negative impact on Nigerians. It is easy to sit in the U.S.A and claim that doubling the price of PMS in Nigeria will have no impact on the populace. Akin to saying an increase in gasoline prices in the U.S.A to $7/gallon today will have no significant effect on the populace.

Does corruption allow unscrupulous individuals to benefit from the subsidization of PMS?? Yes.
But why does the average Nigerian have to get shafted for this?? Why not tackle corruption instead??

Solutions.

A. Ascertain the true quantities of PMS locally produced daily.
B. Ascertain the true total quantities of PMS consumed daily nationwide.

Subract A from B and arrive at the true quantity of PMS imported at international rates (This value will then be subsidized)

By tackling corruption, the cost of subsidization can be brought down to no more than $100 million per month.


Solution Part 2 - By bringing refineries to optimum operating capacity and building new refineries.
Locally refined PMS can exceed Locally consumed PMS.

Mythical Solution= Remove the subsidy and hope that the supposed $500 million/ month that is currently being used to compensate corrupt entities will translate into development and improvement for the average Nigerian.

The question now remains, does increasing the burden on the average Nigerian guarantee the resolution of the problem??


PS: Problem 4: Overestimating the total nationwide PMS consumption allows fuel importers and the NNPC to further perpetrate fraud.


Also, please note that selling locally refined PMS at N65/litre is still a profitable venture for the NNPC.

+8

fresh air, we voted GEJ not PDP, now count your blessings name them one by one,

we voted GEJ not PDP?? good for you

:p

the major challenge is the stair case area, i intend to wall it temporarily.

i have had my thought along that line of thoughts, you guys just assisted me in making up my mind, so am going to fix the ground floor with 2 rooms and move in within the first quarter of next year.

We honestly deserve the type of leadership we get in this country

so far so good, everything is working according to their plan, plan, do they really have one?
TOLD THEM

may his soul RIP

femmy

Genbuhari!

Iolo:
Why can't GEJ borrow funds to construct 1 or 2 new refineries, repair the old ones to maximum capacity?

This way government can remove subsidy over time and the eventual cost would be less than what they be today. We'd also be creating more jobs etc.

Is GEJ running away from the main problem? Corruption in NNPC and ko?

+8
common sense but is it really common

For sometime now the signs have been coming. We earlier did an article asking what the future holds for Nairaland, Nigeria’s largest online community in the face of its dwindling fortunes.

First the site, once the most visited Nigerian site, was displaced by Vanguard according to Alexa rankings in July 2011. The site gradually moved down to become number six most visited site in Nigeria. Now Nairaland has dropped from the top ten list of most visited sites in Nigeria for the first time in several years. Nairaland as at the time of writing this article is number eleven most visited site in Nigeria after being displaced by LinkedIn.(according to Alexa).

While Alexa rankings may not have total consideration of all factors and therefore not one hundred percent reliable it still points out the general evidence that the forum which had stayed on top spot for years may be losing its influence among Nigerians. The intensity of discussions and activities on the forum has declined and in the face of new, exciting and dynamic offerings coming up on the Nigerian internet space it is only a matter of time for Nairaland to become a giant of the past. And it is already beginning unless there is a creative metamorphosis.

http://nairabrains.com/2011/11/nairaland-now-officially-out-of-top-10-most-visited-sites-in-nigeria/

ehie:
Congrats Sanusi,u truly deserve it,u a brave and have the courage of a lion,
One message to Sanusi
Nigerians are content to be ethic,and triabalist bigots and as your stars shine brighter don't listen to the small minded who benefit from the staus quo and are content to be filled with half truths,Religious fundamentalism and  are known to use only 1% of their brain cells
As u achieve more and more recognition people  remember to always stay true to your self

@the tribal and ethic superstars arguing with u guys is like going round and round in circles because u guys are cursed  like Sisiypus in greek mythology who was doomed by Zeus to to roll an immense boulder up a hill, only to watch it roll back down, and to repeat this throughout eternity. .
changing your mindset is a sisyphean task  meaning an "endless and unavailing, as labor or a task

+6.8

Mr--Why:
You made very good points and I like your objective approach. However, with brainstorming and analyzing, we can reach a consensus and collectively organize online just like the North Africans did.  How do you expect us to co-ordinate if we don't decipher every aspect of the system as like minded group online on social networks or forums. The North African revolutions have been in the making for years. They congregated and organized online before mobilizing. 

We are dealing with very powerful and intelligent status quo. If we are not informed and up to date with their bad policies, We will be floating without substance. We also need to raise awareness amongst our peers who don't understand the real issues instead of complaining and labeling them.

Does an average Nigerian know the longterm negative effects of our foreign reserve depletion or the printing of worthless money to prop up reckless banks who gamble with our deposits?

These political thieves are now stealing us massively with a stroke of pen or click of a mouse. We have to make the average Nigerian socially aware; that inturn stoke courage and action.

Amongst foreign people that I have come across including many Africans, It is quite unfortunate that we Nigerians are the most socially unaware group. Instead we pride ourselves in living in distant lands by running away from our problems. No matter how far you run to; your Mother's land is your ancestral land and your host will always remind you of that.

Bro, whenever you are ready for action. I am always available for it cos the madness by these men who have hijacked us for decades can't go on forever. My children and grandchildren deserve a better future in this potentially blessed country.

+7

Nigeria's Lamido Sanusi Wins Forbes Award
Nigeria's central bank governor Lamido Sanusi has been voted Africa Person of the Year by Forbes magazine.

He beat five other candidates for the inaugural award - including Nobel Peace laureate Ellen Johnson Sirleaf and Africa's richest man, Aliko Dangote.

Mr Sanusi, 50, has spearheaded reforms in Nigeria's troubled banking sector since his appointment in 2009.

The central bank bailed out nine banks and removed their chief executives who were accused of fraudulent practices.

Several of the ousted bankers have been put on trial for alleged financial mismanagement.


'Fiscal discipline'

Forbes magazine's readers gave Mr Sanusi the most votes in an online poll.

He beat Mrs Sirleaf, the Liberian president who was awarded this year's Nobel Peace prize, Mr Dangote, a Nigeria business tycoon who tops Forbes' list of Africa's richest people, former Cape Verde President Pedro Verona Pires, who won this year's $5m (£3.2m) Mo Ibrahim prize for good governance in Africa and Wangari Maathai, the Kenyan Nobel Peace laureate who died in September.



    'You cannot be exporting crude oil and be importing refined petrol”

Lamido Sanusi Nigeria's central bank governor

Last year, another financial publication, The Banker, named Mr Sanusi the Central Bank Governor of the Year.

Mr Sanusi's critics says his reforms have led to massive job losses in the banking sector.

But when receiving the award, he said the central bank's role was not to create jobs but to create an environment for business to thrive, Nigeria's privately owned newspaper, The Daily Trust, reports.

He called on the government to show tighter fiscal discipline and to discourage imports.

"You cannot be exporting crude oil and be importing refined petrol," Mr Sanusi said, according to The Daily Trust.

Nigeria is a leading oil producer but most people live in poverty.

Corruption is also seen as a huge problem in the West African state.

http://www.bbc.co.uk/news/world-africa-15935116

pendo89:
And then ask yourself why an ordinary nigerian guy/BABE on the streets wouldn't do [b]anything [/b]to get rich.I don't blame him/HER at all.
Jobs are not easy to come by and even when he/SHE has a reasonable amount the rich guys/BABES are beating him/HER at the game.
Its a wild society where the rich accumulate resources (including the girls/GUYS) and it takes another richer guy/BABE to take away the resources (girls/BOYS) from him/HER.
In the end its a battle for the richest not the fittest.

ITS A DOG EAT DOG, thats why we export fraudsters and prostitutes, because we have no value system, money is the only king??

its really very sad

pendo89:
of course you need money to buy a girl's love in nigeria . She's not your sis rem.  no?? That is agreed upon and stamped.
No money no girl.

i believe it has been proven beyond any reasonable doubt that MONEY=LOVE here in nigeria for 80%, so when you hear a lady complains about love " he does not care" just know that is either the guy is thru with her or the money is not coming any more

the process involve in wooing without cash in this country is time wasting, thats when you will be hearing very funny story, "why are always disturbing me", "dont call me i will call you", "my bf is around" and " i will think about it" you will talk talk, you will lie, you will pretend, and you will be at the receiving end, but with money you only need to talk once and your money will do the rest. why do i waste time wooing when i can use the same time to make money and the money will do the talking