Jpphilips's Posts
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Isnt that an Iranian flag they are upholding right there? where is Buratai when you need him most? these terrorists aren't smiling |
sumborri: |
Enemies of Nigerians, wonder where their supporters left their brains |
thedio:By Nigerian press standard right? what do you understand by single refinery? |
gocac:Oshogbo Oracle, what do you know? |
allansie:Damn!! what a poor brain |
Dangote's 600,000bbls refining capacity isn't the biggest in the world, india's 1.3mbopd still top the table. |
lamzybaby:@OP when you read a news and you have no clue what it is talking about, do not open useless threads to show the whole world you reside in the bush. Moderator; kindly rewrite the caption of this thread, this is a policy we have been waiting for since we lost most of our DSDP to senseless bombing. The reason you are paying 145naira for pms is because there is a forex differential accrued for every imported cargo from major marketers, that is the subsidy the government said it could no longer afford. How did we incur that forex differential? simple, because the marketers source for fx in the secondary market which is higher than the interbank rate. What problems does it create? More fx sourced from the secondary market means the naira will be weakened which will increase the selling price of other imported essential commodities depending on the same market hence the new inflation record of 15.7% we are experiencing today. How do we solve it (Kachikwu's strategy) Every Upstream IOC (international oil company) will have to tie its naira component with a downstream major marketer. EG Total upstream will provide for Total downstream Mobil upstream will provide for Mobil down stream. Oando upstream will provide for Oando downstream. Now Shell has upstream but no downstream so it will choose either MRS or Conoil to provide for, this will be applied to other upstream producers with no downstream appendage. Why is this policy necessary and what will it achieve?All the upstream companies in Nigeria make fx through royalties & cost oil on one hand, on the other, they have naira obligations like paying contractors, staff etc, so where do they get their Naira from? simple; from the CBN at the official government rate. Because the CBN is no longer an active player in the floating fx market but an interventionist, it hasnt much need for their FX, that fx they intend to make available to the downstream at the new interbank rate, meaning, more money for the fx owner(upstream companies and to encourage them), discourage downstream guys from patronizing the secondary market. With their demand withdrawn from the sec fx market, it is expected that naira will gain value. Also, since they receive those fx at interbank rate, it is expected that the forex differential margin will be narrowed hence giving us lower pump rates. This policy is expected to give us petrol between 137naira to 140naira, for now, when the Bombing ends, it is expected to provide a pump price of 90naira for pms if crude price remains at $50/bbl and below. I made this policy proposal in April this year on this thread https://www.nairaland.com/3037232/nigerias-forex-shortages-way-out Finally, Kachikwu has listened or figured it out by himself, Kudos to the smart minister!! Most of you criticizing this policy are extremely dumb and pardonably stup!d. |
@OP, Dont bother, PH girls don't have parents |
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with the kind of products from NYSC who refer to themselves as "corpses", they don't deserve to feed, Next!! |
AreaFada2:It is one thing to sit behind a radio listening to semi lunatics on radio biafr@, it is another subjecting most of their comments through the clinical prognosis of common sense and reality. While those id!ots tell you that you have a flawed system, it has taken you two days to realize that a regional government is not the patch to whatever crack our system holds, why they suggest it is what should baffle you not trying to justify what you barely understand its machinations, overall, it will be smarter to find out who benefits more from a regional government, that will give you a clue which interest group is barking. I have what to do!! |
kobonaire:Floating the currency is an indirect way of telling you that our forex inflow can no longer sustain the Naira peg and effectively balance trade. |
AreaFada2 post=47034426] Problem is you think you are more enlightened about 9ja. Very far from it, you are not. If you believe the hype, my governor is one of the best performing governors in modern 9ja democracy.Good for you This not about governors, but all govt paraphernalia that siphon huge amounts of money.Do you think regional governments don't have its own paraphernalia? Think of how many states cannot pay salaries, governors diverting allocation for LGAs, the legions of aids and co. I also propose the scrapping of the many houses of Assembly. For fewer regional one. Many states were created solely to receive oil money allocation because every idi.ot and his dog knows they cannot self-sustain.This is why I said you have no clue how regional government works, if you knew, then you would have figured you don't need any regional government to solve the problems you just mentioned. When Buhari assumed office, he and his deputy took pay cuts, what did the legislators do? You understand why Saraki must go!!, Saraki does not represent the wish of the executive in times like this. Saraki's independence will come handy if the executive goes overboard, in this case he is way too insensitive. Now, Let me explain how you will get the same results in a Federal structure, Imagine if you had a Buhari as a president who by the way, has collapsed unproductive ministries, took pay cut and a Buhari in the legislature, collapses committee and take pay cut as well, is that what you need a regional government for? You are talking about states that can not pay salaries, what is stopping the states from collapsing recurrent expenditure to be able to afford whatever little accrued from Federal allocation and IGR? Do you need a regional government to achieve that? A state like rivers can rake in billions from traffic offense, why has the governor not thought of that? does he need a regional government to think? Governors divert LGA allocations because section 7(1) of the 1999 constitution made it so, if you have a responsible legislature, section 7 can easily be repealed, is that what you need a regional government for? Speaking of Assembly members, do you think regional governments don't have assembly members? if you argue about the number, then the current LGA's can be collapsed to have fewer representatives at the various state house of assembly, how is that difficult? is that what you need a regional Government for? If you form a SS region with Rivers, Bayelsa, cross river, delta and Edo making it up, the Regional assembly will be number of LGAS in all these states combined, if you can not collapse the LGA's at the Federal type of Government, what makes you think you can in a regional one without interest groups feeling aggrieved? As a matter of fact, a SS regional assembly comprising of all these states will need a bigger assembly complex et al, overall,your regional Assembly model that failed to collapse the LGAs at the federal level will be more expensive to maintain. The !diots you claim waiting for oil money, what are you going to do about them in a regional Government, kill them? While the oil producing Imo state man think that Northerners are leeches, he forgot that the electricity in Imo is likely generated from Niger state and evacuated through the national grid, some of you guys need to keep your selfishness in check. In terms or regional assembly representation, it's no rocket science. We can just use the current senatorial districts for representation. Nobody agrees on anything in 9ja but senatorial district has not been an issue so far.Why don't you use senatorial district for state House of assembly representation as well, must you regionalize to achieve that? A simple constitutional amendment can fix that. you are proposing killing an Ant with a sledge hammer when you can step on it What a regional system can achieve that states cannot achieve is this: (1)more autonomy. For example regional police will be more feasible. Each state cannot pay their own police. (2) Less recurrent expenditure. States currently run huge salary expenses. That is suicidal. With minimum 18 members of HoS in each state, with their aids, administrators etc, it's crazy. Then commissioners and aids in these states, and agencies, judiciary, etc.Quit Joking how can a state that can not afford salaries of mere teachers and state ministerial staff now have money for state police simply because you muddled them together? where will the money come from? a region has more ministerial staff than a state because in the SS region, Bayelsa will want their people in the regional service, same for Rivers, Edo, Delta etc, this arguement is weak. Guess you think regional representatives don't have aides? who told you regional governments don't have commissioners, even military rule had commissioners let alone a regional government. Regional governments have Judiciary too so where exactly are you gonna save cost? If you take SS with 6 states, Rivers can provide 3 or 4 senators/reps, then others produce 3 senators in the regional parliament. That is adequate representation. It is the failure of govt and lack of development that has caused clamour of "every town & village" for own rep, LGA or even state.With constitutional amendment, that can be achieved in a federal system so why do you need to Regionalize to achieve that? (3) The locals can finally start holding local region/chairmen/councillors for lack of development. Right now, FG gets most of the flak for refuse in the market, bad roads, bad school etc. Nobody knows who's responsible for what. It was always GEJ , now Buhari to blame for everything. We can now better assign blame where it really should. More transparency therefore.First, I know who to blame for my problems I don't know about you, secondly, if you repeal section 7 of the 1999 constitution on Monday, by Tuesday, all the 774 LGAS will have their accounts on the FG payroll, that is the least that can be done, you don't need any regional government to achieve that. What should bother you are these; who is tasked with the responsibility of constitutional amendment? Why are they not doing what the people want? |
author=wirinet post=47011777] I am not justifying anything. I have always been an advocate of a complete system overhaul,but this is how the Nigerian system works at the moment. Seniors civil servants, politicians and military officers have all kinds of "legal" loopholes to collect huge allowances. I honestly have no idea of how much allowance foreign military attaches earn, but it must be substantial, because the lobbying and competition to get appointed is often fierce. Those that come back after serving in foreign mission often change their social and financial status.Isn't that corruption? How much is the official salary of Senator, how much do they actually take home at the end of the day? What is the recurrent budget of the less than 500 national Assembly members? It is N115 billion. I am sure every member of the Nigerian Senate can easily afford a N120,000,000 mansion.Is Burantai a Senator? So if Burantai should tender his resignation because he owns a property valued at N120,000,000, who should take over as COAS? Maybe Buhari should look for a General property valued at less than N10million (which his salary can accommodate) or better still a General with no property at all. I can assure you that that will be a very tall order given the system Nigeria operates at this timeA 2BR flat in an average area in Dubai cost between 120m to 150m (including taxes, commission and sundry charges) Burantai has two of those which brings his cumulative expenses to nearly 300m, if he was kind enough to say it was a gift or inheritance, some benefit of doubt will be cast, rather he opted to say "savings" meaning from his legitimate earnings which is nowhere near, that is practically arrogant and it insults the intelligence of Nigerians. That said, he is doing a good job with Lafiya dole reason I said, his resignation after the operation, his sack is not negotiable, I hope the question in bold is a joke, you guys amaze me! Except there are some earnings we are not aware of, that guy fvcked up! |
49cents:Do you know why you think you deserve some respect? Because you have no idea how s!lly you sound here, must you make comments when you have no clue what the subject is? if you had any idea how dumb you sound, you just read comments and walk away, must you tell the world you have no electricity at home to use a simple television? is it our fault you opted to play games and p0rn on the internet instead of studying with it? When next you read a subject with no clue what it is about, do your miserable self a favour by shutting the fvck up!! Enough of the nuisance!! |
AreaFada2 post=47015757] There is no perfect system. But what we have now is worse than what we had in the 1960s. The war was very much avoidable. The Easterners in the North could have been far better protected. Just in case you want to ask why war broke out if 1960s was better.This is not true, in the 60's there were fewer interest groups yet only the northern region was fairly stable, between 1963 till the military struck, it was all chaos in other regions, are you aware that the mid west region used to be alone before they joined the western region, or rightly put, the western region was bifurcated to accommodate some interest groups when our population was less than 50m compared to now? within a space of three years the eastern region has relocated their capital to reflect the dominance of the igbos in the region, do you expect the Ibibio and ijaws to maintain a minority status in our present day regional Nigeria (if it will ever come) when they know their oil, gas and electricity are feeding the igbos? To satisfy all interest groups in our present day Nigeria, each person will need to be a republic, that is a fact. Now we have 36 governors. Even if the dropped their deputies.It is better to have broadened your enlightenment before discussing National policies, you make it look as if you are dividing ancestral lands amongst family members, you are making it sound like the regions are out to sack the governors and nothing more, what do you intend to achieve with a regional government that you can't in a federal structure? I am all ears. Bayelsa is SS by the way.Tell that to igbos in the SE then take a picture of your face afterwards SS States are: Rivers, Delta, Edo, Akwa Ibom, Cross Rivers & Bayelsa.Your only aim of institutionalizing a regional government is to sack your governor by insinuation , let me ask you, do you have issues with your governor cos mine is doing pretty well? Have you heard about a position called president of house of chiefs? I think most of you discussing regionalism have no idea how it worked in the past. I have a feeling you want to metamorphose the geopolitical zones to regions, well that is another dream because every apparatchik of the present state structure must reflect in the region, so if you have 5 states that make SS region, each of those states must be adequately represented in regional governance, failure to do that will end in chaos. |
AreaFada2:What makes you think it will play out the way you are saying it? Nigerians are extremely greedy by default, so long as politics lives, those openings will be created one way or another, in 1965, the Western assembly was in chaos and it nearly destabilized the western region, I think there was a fracass like that in the eastern region when Igbos dominated that region ,irked others who felt they were relegated as minorities, it led to the relocation of the Eastern region capital from Calabar to Enugu. Such skirmishes will not disappear just because you regionalized the government. Speaking of cost of governance, what makes you think that Rivers Governor will leave his oil producing status for a region that will accommodate an Ebonyi with no economic relevance? Is it not the same unhealthy wealth distribution you tried to abandon in Nigeria? Don't you think that the rivers and Bayelsa men will want more constituencies in the regional assembly to reflect their Golden egg status at the expense of probably Enugu and Ebonyi? Why do we need to regionalize just to reduce the cost of governance? that is an extreme if you ask me, Don't you think it is easier to ask all Governors to drop their deputies and sundry apparatchik to achieve that? why do you need a regional government for that? We can adopt part time legislature to reduce cost of governance, is it impossible to collapse constituencies to reduce representation at state and federal levels? do you really need a regional government to achieve that? all these portfolios are created not in the interest of the Nigerian people but to satisfy interest groups. there is nothing you wish to achieve in a regional government you can't in a federal structure. How are you sure that Bayelsans will not ask the eastern region for greater oil share, blow up pipelines to that effect? or demand for president of house of chiefs to reflect the Let me tell you the kinda people who are desperate to have regional governments, Politicians, you know why? they are just looking more funds to steal, the federal structure has no problem when there is sincerity of purpose in governance. you may think the niger delta feeds the country, well that may be right, guess what, you cant stop migration legal or otherwise, so what is really the point, I will open a thread on the benefits of a united nigeria real soon so you may weigh both options. |
49cents:Just like the francophone and CFA economies did right? from buhari's speech I appreciate his sincerity saying it the way he feels it not the way it sounds or the economic theories of vodoo economists to say the least, in most of you, I see a group of disgruntled youths, what you think is a solution is being practised right behind you from Cameroon to Guinea, yet you are too dumb to realize how s!lly your suggestion is, most of you who enjoy your level of emptiness will still call buhari a dullard, what does that make you? Goat I guess? |
simplemach:Using a meter is the smartest way to save money when power is epileptic like you observed, how can you not know that? Its bedazzling the kinda ignorance most of you possess |
Fashola don wake, ode!! He increased tariff before metering, who does that? |
wirinet:I dont give a damn about your respect, you should be smart enough to know that your opinion fall far below the social standards I set for myself, Burantai has embarrassed this govt as such must go home, that is the right thing to do, he is not better than those in kuje prison for the same crime. If you ignore a burantai how do you justify holding Dasuki? don't you know that this is a precursor to anarchy? do you think this is about PDP and APC? this is about the right thing to do and how it has to be done. You asked for evidence i have one for you, the sum of the two houses are way beyond his pay grade, that is evidence enough, I know what his rank earns legitimately, if you don't, ask your inlaw. |
wirinet:You are really justifying this nonsense? foreign defence Attache who earn all foreign allowance can't come close to that worth let alone a less than a year COAS, you guys make me laugh, he should tender his resignation once operation lafiya dole is over and retired like others for prosecution. He is not even scared in a Buhari's government? |
0ubenji:You are right, the site should rank high in earnings hence to pay for info isn't gonna be a problem, again, when you build a reputation in snitching, people come to you with evidence. Someone who is facing Burantai's court martial is really squeezing his balls, hey!! that's not our problem, #Kickout Burantai# he has disgraced our Government. |
Aspireahead:Naa I doubt if he could afford those properties legitimately, buhari has no choice than to let him go, i believe he can get someone who can continue the good works he is doing. |
wirinet:OH! Shut it!! stop reminding everyone your brain is missing. |
wirinet:Are you saying that a 120m Apartment isn't too much for a Federal civil servant? that amount can buy just two BR flat in Dubai, considering the size of his family, I dare say he should be looking at double that amount for a mansion, I am aware they go for foreign missions where they are paid in USD, perhaps that was why Buhari is keeping quiet, if you dare juxtapose it with the 600-700k he earns here, bros, it will take almost 100years to a mass such savings. That guy is corrupt, it is up to PDP or any other sensible opposition to figure it out. |
Shewunoshewa:You are Joking right? |
rotimileke:Dictatorship worked for libyans pre Ghadafi era. |
APC probe PDP, PDP probe APC, Nigerians will choose from a corrupt free electoral process, now that is in the interest of the mases |
They must be living in pluto not to know that Nigeria had special science schools since 1975. |
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