I feel you Dr.

The system is rotten

MizMyColi:
I don't know about other countries.
Nigeria is my Sample Area.

Answers Please

Does juju work?

What you believe affects you!

SignalNG1:
By Kalu Ajah

It’s important to clearly separate removal of fuel subsidy and deregulation.

Fuel subsidy is a quick fix, it’s essentially price control, it’s the FGN attempting at playing economics. Deregulation is market forces determining prices based on demand and supply, it’s essentially the market forces working to determine prices based on demand and supply.

Fuel subsidy is when the Federation pays Importers to sell petrol at a set price. So a marketer eg Oando imports petrol at N100, official price is N87, subsidy the Federation will pay is N13 plus a profit margin.

However, deregulation is when the market forces determine what price petrol will sell at the pumps, e.g. Oando and Okoro & Sons will import petrol, determine their own selling prices in a competitive atmosphere based on demand and supply and sell to consumers.

The problem we have is that the FGN has fixed the selling price of a product it does not manufacture, in this case petrol.

So will anyone invest in an industry where the selling price is not a decision they make? What if a company invests $2b in a new refinery to sell petrol at N80, and FGN the next day says petrol will sell at N79? They lose. That is why no large private petrol refinery has been built in Nigeria.

Today, petrol price today is not uniform across Nigeria and also not available because the importation and distribution of petrol is done and paid by the government. The government does not understand business.

Look at your mobile phone how much did you buy it? The price is essentially the same across Nigeria? You can’t buy an iPhone for N80,000 in Abuja and then buy it for N150,000 in Jigawa, not possible. One trader would have seen the opportunity and “imported” iPhone from Abuja to Jigawa, that’s how the free deregulated markets work.

If the FGN had a Ministry of Mobile Phones, then the prices of phones would not be uniform or efficient. First off all, you will need an “import license” to import an iPhone, then you go to Dubai, buy the phone, fly back to Lagos and the Federation pays you back cost of the iPhone but also pays your air ticket to take your phone to sell in Abuja, at a government price. The Government will also pay your cost of storing your phones at home, sweet deal. Best part of the deal is you can still sell your phone openly above the government price during “scarcity”. The FGN will call the scheme, the iPhone subsidy.

In effect, your taxes are being paid to private individuals to import and sell their own products across Nigeria. I have just described fuel subsidy to you.

So I read fuel subsidy has been removed, and fuel price will come down, really? Fuel subsidy removed? As we speak, fuel subsidy has not been removed, the price of crude has dropped, so subsidy cost has fallen. If subsidy was removed, we won’t have a pricing template from PPPRA, (there is no pricing template on mobile phones from Ministry of Communication).

Once crude oil prices rise again, subsidy will rise again. So the question to ask is why not scrap it 100% as was done in 2012? Deregulate the sector formally, pass a bill to take the government out of the business of petrol importation and distribution, that a job for the private sector, not the Federation.

The solution is not adjusting pricing templates, or piecemeal removal of subsidy, that’s not enough, the final solution remains the full deregulation of the sector, that what the PIB sets out to achieve, full deregulation.

Deregulation will pull in new investors, new investors will compete, prices will fall, just as the prices of imported phones fall and we now we see phones being assembled in Nigeria.

Price fixing is not deregulation; fuel subsidy removal is not deregulation. Deregulate the sector by passing the PIB. The government has no business in business.

It’s our problem, we can fix it…


__________

Inspired by Steve Biko’s ‘I Write What I Like‘, OP-UNEDITED is the citizen opinion segment of SIGNAL. All opinions posted on the OP-UNEDITED page are unedited and the raw opinions of the writers.

Do you have an opinion on any topic whatsoever and you want it published to reach a wide audience? Send it to us at signalareport@signalng.com

Follow us on Twitter at @thesignalng

Copyright 2015 SIGNAL. Permission to use portions of this article is granted provided appropriate credits are given to www.signalng.com and other relevant sources.

Read more: http://www.signalng.com/

hmmmm

2odd:
PDP tweeted about the fuel scarcity facing the country and got this epic reply

Wicked but true

I need car o


My God

Fynestboi:



OK sir.. The one on ground for now is the first stage. And for TEAM LASU we have you on 29th..

against?

More details sire

I unfollowed all boards and became a ghost member for a year now.

The situation of the country made me like that.

But I noticed things aren't getting better

We lie that things would get better

But they aren't

I'm not supporting or aligning myself with the wailing wailers but I'm saying we need a better change.

Youth need active participation in politics.

This God forsaken men ruled this country at the early stage of their life and still come back to rule us at this old stage

We youth should ask ourselves when we would free ourselves from this slavery

We need the Revolution. Common or uncommon sense

We need revolution.

I believe in Nigeria ruled by Youths. I am a leader of tomorrow but when would 'tomorrow' happen?

Fynestboi:





Simply put we need sponsors for THE DEBATE... THANKS..

Fynestboi where's the thread with the debate calendar for the third edition or better put, enlighten me better on Lasu debate calendar sir

Brother

I appreciate

A ti gba, t'alaye ti d'aye
Ko s'omo Lasu to sori buruku

Eleniyan15:
Aminat508

my head they swell like madt

IAMDEJMAN

we dey with you next yr


#AlutaContinua
#REPOSITION FOR EXCELLENCE

#2016 P.R.O
#Gallant

Vote
DEJMAN as the 26th Public Relations Officer,
Lagos State University Students' Union


Timidelaw and Horlapelumi

Aminat508:

U go pay for that ?

Oga Seun sef no go collect the money

Fynestboi:




The debate is 26 na have you forgotten?

25 I meant

Fynestboi:



You Say what sir?

confirmation is 26th

Fynestboi:
LASU PARTICIPANT and FUNAAB please let have your representatives for the SNISD stated for 26th...

Ahan... its tomorrow na thats a day. wait jor

NeonDee:

Pls let's get this rolling

Please get to me as soon as possible. Call 08089932753

Miracy:
Can I still show interest??

if yes....
Name: Miracy
University: Obafemi Awolowo University
Course: Law
Email: Tosinbello29@yahoo.com

Latecomer o

Fynestboi:




Have you seen the SUPER NAIRALAND INTERSCHOOL DEBATE coming up on the 26?

how many debaters per school for that sir?

NeonDee:

Noted!

Brother please contact me today:

08146682041

Eleniyan15:



yea yes yes....

I hope it won't affect your exam

I believe by the time the debate would start, I should be through with the exam

Thanks sir

Good day Fynesyboi and Aminat508

IamDejman

Representing the best university in subsaharan Africa, East of the limpopo and North of the Arabia: Lagos State University (LASU)

From the pretigious Faculty of Law

Contact me through pm like FrancisTony opined.

smithsammy:
yes o! How are we doing this?

08146682041

smithsammy:
brotherly

Sammy

Long time o

Fynestboi:



Fine boss. Planning of having the super NISD debate early next month what's your take on that sir?

okay. no problem

Let's get the modalities and Topic early

Fynestboi:
Smithsammy
IamDejman
Pseudonomer
Nunushokoto



Hello sirs... ..

Fynestboi How's everything

MOre

As a means to get awareness to the Public, a non-governmental organization Sustain Africa Earth Initiative organized an Inter-University Environmental (Green) Debate within Lagos on the topic “Climate Change Adaptation is the Way Forward and not Climate Change Mitigation”, this began from the schools through a preliminary stage which produced the best 4 students from the various Faculties, the Grand Finale was then Slated on 28th September, 2015 at the Julius Berger Hall, University of Lagos. The Participating schools include University of Lagos, Lagos State University and Caleb University.

Amongst the Special guest Present were, Mr. Desmond Majekodunmi, Mrs. Aisha Muhammed Oyebode, and the Representative of the Perm. Sec. Of the Lagos State Ministry of Environment Oluwatoyin Olusaweto, aside from the Judges. Students were present from all schools and it was a wonderful audience. The debate was a dazzling show of intelligence, ideas, perspectives, research, and many more.

The N3million P.E.Ts Campaign was also launched. This campaign enables persons of the society to save pets bottles and pure water sachets and get great free vouchers. This is done by firstly registering at http://www.sustainafricaei.org, further information is available on the site.

The results of the debate which was held in 3 rounds, seeing UNILAG face up Caleb University, as well as Caleb University Up against LASU, and finally LASU tugging it out against UNILAG. the Judges included Mr. Saka, Dr. Aderulu Adeyemo, Mr. Femi Akiola, Mrs. Oloyide. When the results were announced, Caleb University scored 1689 points/70.3%, followed by UNILAG 1805 points/ 75.2%, and Lagos State University 1878 points/78.3%. This saw Lagos State University (LASU) ranking top of the Debate.

The President of Sustain Africa Initiative, Mrs. Fadera Williams said the Votes of Thanks which brought the Programe to a close.

The representatives of the winning team (LASU) were Awesu Olaniyi (400l Pol Sci Edu), Rafiat Atanda (300l English), Ojo Timilehin (200l Law) and Agu Nmesoma (200l Law). Big Congrats to the Winners

Source

cc: olawalebabs, Richiez, danyel09, mukina2, Fynestboi, Seun, lalasticlala

Every relationship is a big gamble. it's called blind trust

OlujobaSamuel:


Telling ASUU to hold NANS responsible but leave the SU out of it. Who invited NANS? You beta no go defend dem forming baby lawyer for panel if it should gets to that. Your logic and intelligence will put your clients into more case than the one hanging on their neck.

Don't misquote. I'll advise you read again and decipher yourself that Nans action colluded with the acts of the Union. So its either, they were informed (LASUSU exco) and they ignored Nans or never expected them to do that today.

Okies27:
. Our degrees are never complete without alatu.

Yea , I guess That's why we are Lasuites

wordychap:
Did I read 'staffs' in a university?
Thought d plural is staff?

I'm sure it was not from the write up

OlujobaSamuel:
no wonder una fail gns. The write-up sef no fit make person pass. Not talking about grammar or spellings, but lacks communication.
Defending SUG, accusing NANS, then praising both.

That's brilliancy. Acknowledge it

Then it makes me question your knowledge of things, how GNS affect my writeup and its connection to the purported mass failure!

“In a time of universal deceit - telling the truth is a revolutionary act.” George Orwell

It is imperative at this junction to make us understand certain things. Lagos State University, the great citadel of Knowledge situated in Ojo area of Lagos State, has had certain issues in the last eight months which had even grounded activities at some period.

Today, 20th of August, 2015; a rainy Thursday, we have experienced two different actions at a time. As at 9am this morning, the students’ Union executive had called for a meeting with regard to the purported mass failure of 200l and 300l students offering General Nigerian Studies (GNS). Due to this, an agreement was made by students in attendance to create awareness by blocking the gates of the campuses. It is to be known that this did not affect movement of our lecturers uploading results in the campus.

Therefore, Dr Adekunle Idris, Chairman of ASUU-Lasu, should hold NANS Zone D (SouthWest) for their acts and not the Students’ Union. If our Lecturers think we would stop and hinder them from making us progress, then it cannot be so. I appease all involved to tread softly due to the owing fact that there is a need to avoid a crisis in Lasu especially at this crucial moment when our academic calendar is found wanting.

I applaud both my Union’s Exco act and the actions of NANS Zone D but we all must remember if we do the right thing at the wrong time then there is a problem. For ecery act, we must have the right timing and as such, I beseech them to take cognizance of that fact.

Repositioning Lasu is the duty of all Lasuites and well-wishers of the University. Let’s try our best to work towards that

Ayodeji Cornelius Eluwande (DEJMAN); 200l Common Law.


Cc: Lalasticlala, Ishilove, Farano

Joavid:
You paid her tuition once. (Which I assume is cheap) and you give her some change every now and then. Ok.

Is that enough for you to say you laboured for her, you sent her to school?

Did she not give companionship in return all those 4years?
Was she not cooking, cleaning and washing for you?

Men and lies.
She's not leaving you cos you're an OND cert holder (that can still further) with a lucrative business.

She's leaving you cos you're an a$$hoole.

You said the truth but did the bitvh also is at fault