₦airaland Forum

pazienza:
The demand for Igbo nation independence is greater than Nnamdi Kanu. If it proved to be greater than Ojukwu himself and the cerebral Achebe, for they are late yet the demand have only intensified, who then is Kanu? The Igbo spirit is too strong to be caged by Nigeria.

Kanu is but a foot soldier in the Igbo demand for independence, he has a role, and is playing it to the fullest. If you think he represents all there is about the Igbo push for independence, then you must have mis calculated.

Imokay:
Conversion rate for petrol (gasoline) averages 45 - 51% with cracking by FCCU, Diesel will be like 20 - 25%
Out of 71 million litres of crude daily that should give about 32 million litres of petrol alone.

docadams:
Must u be this negative all your life? If it's only 1m liters that is forced out from the vice grip of this evil oil cabal, isn't it a step in the right direction?
May be you have never been exposed to real due process since time of your birth.

kaboninc:
Who is going to give you 71 million liters of crude daily?

porka:
[size=13pt]Are you in Mars?
Dangote is currently building a 400,000 bpd capacity refinery in Lekki, Lagos.
Completion date is 2017/2018. [/size]

MaziOmenuko:
The probe on NNPC has not even been commissioned yet and they are squealing already!

Its amazing how the operations of NNPC that had always been shrouded in secrecy is being openly and generously shared with the media. NNPC seems to be over-willing to talk to the press and release info after operating like a secret cult for years.

Note that the combined capacity of our refineries happens to be 445,000 barrels per day. 1bbl = 151.4 litres. (445,000 x 151 = 67mil litres of locally produced fuel).

If our refineries work at full capacity, we will turn out 67mil litres per day, use 40mil litres for local consumption and still have surplus 27mil litres to export.

So when president Buhari said he doesn't understand the concept of 'subsidy' he knows exactly what he is saying. NNPC knows this and that's why they are now willing to do the right thing. It would have been business as usual if GEJ had won. They would have continued their unending promises of fixing the refineries to no end.

I keep saying, subsidy was and still remains a scam.

kaboninc:
Another alternate for jpphilips?

pazienza:
I hope you are not an Igbo.

Ndiigbo need not be drawn to what is happening in Calabar, if Cross riverians will not utter a single word, if they will just play the ostrich, then we let them be, just like we did during the Bakkassi saga!

No need taunting or mocking them. Just observe them.

Buhari already has his eyes set on cracking down on the militants, his next target should be the secessionists, which Ndiigbo at this moment are at the forefront.

We should be strategizing.

cabaliciouscabal:
The 4 refinery we have cannot produce enough fuel we need everyday and as such we need to compliment dem by importing d short fall, is on d short fall d govt is removing d subsidy, so d imported fuel will compete price like with d local production, and dat will automatically bring down d price of fuel to d lowest, it will equally make Naira to be strong cus dia won't be much need for d importers to want to change much Naira to buy dollars to import fuel, is a gd one if d govt can adopt dat.

VULCAN:
@jpphilips.

I admire the effort u have put in to come up with workable solutions. Such problem solving remains unknown to leadership in Nyja. I have been off Nairaland for a while so I will need time to digest your contribution.

Pls don't bother much about detractors. Ur solutions r not cast in stone so if someone has some better solution they should tell us without personal attacks. I will go through the whole thread and return.

Thanks for the effort. Congrats

Aura2:
This is what I think about you;

You dont care about Jp's plan
You don't care about how his plan will benefit the Nigerian people.
You are only interested in protecting the people who have created the inefficiencies that Jp has exposed, that is why you duel on pettiness that has no relevance to the issue at hand.

if you are not looking for co ordinating Minister, you are looking for interest vs assets, we are all laymen in the oil and gas industry and people should be able to sell their views without intimidation.

Jp has exposed a lot of fraud that needs to be looked into for the greater good but you won't stop with your distractions and insults.

**At the very least, we now know that a lot of things were handled badly by the finance ministry which all accumulated in the subsidy the Govt is crying about

** We know that NPDC is not a totally useless agency if we do the right thing .

** We know the direct relationship between power and subsidy,

** We know that most Nigerian refineries have no feedstock.

** We know now that subsidy plays the role of consumer protection, reason it should not be removed out rightly.

These are issues that I am sure most Nigerians like myself don't know about, your evil machinations will not allow us to learn anything, you write long unrelated nonsense just to make the thread unreadable yet not addressing the main issues.

You could hardly answer any direct questions that indicts your pay masters, rather you quickly degenerate to insults and you are not alone in this madness since I went through the thread.

I will pray for you to repent but if you continue with this demonic exercise you may not have the privilege to leave office like Jonathan, you may likely meet your end. Don't say I didn't warn you, Nigerians are watching.

NECONDE AS A CONSORTIUM HAS NO PEDIGREE, IT IS WRONG TO BEQUEATH PARTICIPATING INTEREST TO THEM!!

You could not prove that Gobowen is not the highest stakeholder in the NECONDE CONSORTIUM, yet Jp proved that the only experience they have is a marginal field acquired in 2013 operated with some other company,
Can you run your private company like that? because it is Nigeria then anything goes, what is wrong with you?

Why are you protecting and supporting evil?
Are you for Nigerians or against them because of underlying selfish interest?

God is watching you.

"You don't know anything bro!

Even the little you claim to know is rubbish!

Please don't bring your hatred for this amazon here. The thread is for her celebration not damnation!"

ichuka:
@what cost does NNPC gives 450,000bblrs of crude daily to our refineries?
And remember our refineries ant working. so,what do they do with the 450,000bbrls of crude daily?

Rad1cal:
Old enough to know when mr ITK in you is reduced to naught.



Yeye

datribune:
Hahahaha rebasing, biggest economy.
I guess u expect d nigerian masses to be celebrating growth without development or an individual under whose watch they had d greatest inequality in their land. Iweala's empty statistics (which according to Soludo were forged) had no meaning or impact on d masses of Nigeria & that was why we rejected at d polls, Iweala & her trickle-down economics which enriched a privileged few at d expense of d masses. Under Iweala, d number of "Beggar-thy-Countrymen" increased exponentially wit d richest black man in d world being a Nigerian. Nigeria had d greatest number of private jet owners in Africa but d mass of d people lived in abject poverty - below $1 - $2 a day. Under Iweala our national patrimony was shared among a cabal of govt sponsors in deals dat reeked of corruption & infamy. Good riddance to Iweala who failed woefully as minister & let's hope Buhari keeps to his promise to go after d corrupt.

kaboninc:
You don't know anything bro!

Even the little you claim to know is rubbish!

Please don't bring your hatred for this amazon here. The thread is for her celebration not damnation!

kaboninc:
She's just sooo wonderful!

I admire her strong spirit, her determination, her sense of purpose, her zeal and passion for excellence towards the growth and development of the youths in Onitsha or Ibadan or Zaria in education, the ambitious women in rural communities who play a role in supporting their families through agriculture, the traders in Alaba market who need soft loans to grow their businesses, the tailor who sews ankara cloths and ultimately for Nigeria and Africa as a whole! She's just a gem!

She's also one of my role models.

Happy birthday to you, Dr. Ngozi Okonjo-Iweala!

May God never cease to refill your precious vessel as you continue your wonderful works in various other capacities; may He give you the grace to live a life of fulfilment; may He also cause haters like jpphilips to spread your good works even with so much pain and hatred in their heart.


Amen!

Rad1cal:
Jpphilips totally damaged beyond repair. Bwahahahahahahahahahahahahah

barcanista:
It is not unexpected. Buhari has never for once supported Military action against BH under GEJ's administration. Instead of him to concern himself with the victims of BH bastards, he's more concerned with probing the military for fighting BH.

VULCAN:
I want to congratulate jpphillips, 989900 and others who have some REAL knowledge of what happens behind the scenes in the Nigerian downstream oil and gas sector. You have responded well to the OP's weak attempt to convince us of the need to "immediately" remove The Subsidy.

Having read almost every post here I gleaned a few things about the OP

1. He is completely ignorant of the workings of our downstream sector. To load his first post with petrol price figures from 2012 was his first albatross. It proved that he was working from a predetermined answer back to the question. More evidence of this is his over reliance on info from Google. If ur fully involved in a thing when you talk people will know.

2. He has no form of understanding of the causes or potentially destructive results of galloping inflation in a country that is import dependent. Relative to its size Nigeria produces nothing- whether goods or services. The City of London props up the entire British economy via its financial sector. Man, for now oil is all we got. Three times or so he says that an increase in petrol price from N87 to N220 will have no effect on Nigerians. Obviously he avoided Macroeconomics class in school.

3. He is a very callous being. Anybody who can't afford to run their car at N220 should park it according to him.

4. He is very deceptive. He skillfully ignored the fact that EVERY thriving Western economy has subsidies(in one form or another) in place for the betterment of the lives of their people.

5. He is bereft of any deep thinking on this matter.
I might have been swayed if he had a superior strategy and tactics to make his immediate subsidy removal work but all he does is present emotional pleas about whether we want our unborn kids to suffer. Beer parlour arguments I must say. Nothing of substance just fluff in his arguments. Pity.

My prayer for you is that God will not permit your type position of National Influence because you're obviously too immature to take us to the next level.

Let me stop here for now. But before I continue I would like peeps to present here some more workable ideas (that dont involve the destruction of the masses)for our enlightenment.

netotse:
@jpphilips
I'm still waiting for your comments on gas

Why I kept on hammering on the subject of Russian Government's interference in the devaluation of the currency was because I thought you were of average inteligence. Alas, you are not. You kept bringing up "govt banks stopped issuing LOC's for importers, but rather the LOCs were routed through private banks" as indicated up there shows how shallow you are.

For the record, the Russian Government "owned banks" DID NOT issue any LOC in 1998 for any importers except, of course, it was you! Only the government banks you own issue LOC. I hope you even know what an LOC is.

class A comprehension deficiency, it took you 2 weeks to get the point I made on in one paragraph, I wonder how many years it will take you to understand phase 1 to 6

Secondly, the fall of crude oil prices was not the major reason rather it contributed. The spoils of war was the major cost that led to Russian economy crises. Stop deceiving people here.

Another comprehension deficiency, who asked you this? what has it got to do with the discussion? what relevance does it have on this thread? The ones you were asked left you confused and now this? stop overwhelming your brain, or you got confused after typing the first paragraph? you cannot even right to the point when given an opportunity, damn!! you are worse than I thought.

Shssssss!!!! Don't let people hear this from you......
Dam.n!!
You just hate to learn. Why is it so if I may ask? Soludo at no time CO-ORDINATED our economy.

Obasanjo was his own coordinating minister of the economy and chairman of the economic management team— which he chaired for 90 minutes every week. I met with him daily. In other words, he did not outsource economic management.
I supply the ideas, he supplies the political will for implementation...............Prof Chukwuma Soludo.

4b. Chairman/Coordinator, Drafting Committee for Nigeria’s reform programme under President Obasanjo, called “National Economic Empowerment and Development Strategy (NEEDS)”

You don't even know the relationship between a drop in crude prices and an economic meltdown! As per if we paid exchange rate differentials, I told you to go read up your books especially on elementary economics. When you do, consider this hint: consider the length of time the price of crude was down and the landing cost of PMS within that time. Also consider to price sold at the retail stations. When you do, you come over.

Comprehension deficiency, please can someone explain to him what I asked him
Imagine someone I asked this question"

Mr confusion, no vex, how much means say a figure in monetary terms.
How can I ask someone how much was paid, instead of mentioning a figure or at the very least admit he doesn't know, he rants a full useless paragraph for nothing.

I laugh at you. Why because you reasoning is shallow. Not deep and may never be deep! It is a fact.
A Special Purpose Vehicle (Neconde) was set up to acquire a stake in a project. In assessing the capabilities, technicalities and soundness of the SPV, do you dwell on the SPV as an entity, as you are currently doing with Neconde? Or the parties that formed the SPV?

As an analogy, what is the pedigree of Ikeja Electricity Distribution Company? or Transmission Company of Nigeria, of Seplat Energy (as at 2011)?

Again, you are not anywere close to average intelligence.

Brother, I wish you could tell us how bad the DSO model is for gas in Nigeria.

Hint: For the fact other countries practice a particular policy doesn't mean it can work in ours!

Mistaarhlohki:
Its been rumored that the Nigerian Vice President Yemi Osinbajo does not attend security meetings with President Muhammadu Buhari.... And I refused to believe its true...

Then recently I have heard also that PMB has been advised to frustrate PYO into resigning, then an Hausa candidate will be appointed VP...

Am I the only one hearing things or what's really going on...

This picture portrays our VP PYO looking isolated from international discussions/matters between PMB, Presidents of Niger Republic, Chad & Benin Republic...

#somethinglooksfishy

baralatie:
as long as it is this subsidy,govt will groan!

NPDC oil production will no longer be part of the Nigerian JV oil controlled by senate approved budgetary benchmark....jp philips

The Nigerian JV structure is not subject to any Senate approval/vetting. Maybe from the President through the Minister,.....Kabnonic

Mention one country in the world with proven gas reserves like Nigeria, practising the DSO model? concise and succinct please!!.....Jp Philips

DSO is designed in preference to the Nigerian local companies. Specific gas quantity must be distributed (or sold) locally before exported. Also, the demand for gas in Nigeria is steadily increasing.......Kabnonic

In 1998, Russia devalued the ruble, a move necessitated by a global fall in crude prices (you wont say it is apple vs oranges right?), some measures were taken and one of it was, govt banks stopped issuing LOC's for importers,..........Jp philips

Firstly, government banks do not issue LOCs to our local importers. The private banks do and that was why the importers insisted on being paid before taking any orders......Kabnonic

baralatie:
that is the problem,partial subsidy of petroleum as at now is killing govt and even the cabals can see it can't be sustained.
a system has to be structure to negate "racketeering",what if a price structure and control regime is in place through a governing council (e.g. like what is been practiced under telecoms)