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Politics › Re: Aisha Buhari’s Inauguration Wristwatch Cost £34,500 (N10, 453,000)-BreakingTimes by jpphilips(m): 5:16pm On Jun 01, 2015

Are you sure hers is not fake? what does she do for a living?
was her asset declared alongside her husband? 10m wrist watch, damn!! we can not afford another patience in quick succession

8 Likes

Politics › Re: Subsidy Removal; The way out by jpphilips(op): 5:10pm On Jun 01, 2015

[quote author=barcanista post=34317865]

Phase 1: You may not know what you are up against (Trust me) and I see no possibility in Buhari achieving it.

Sorry Mr Thomas, phase one is the easiest for a Man like Buhari if he still has the sincerity of purpose. All the problems in phase one are man made!! His scion Dora Akunyili will deliver let alone Buhari. Just pray he finds the article useful and watch what happens!!

Phase 2: Brilliant on paper but implementation?

Prof. Osibanjo is already designing an implementation strategy for Phase 2, so far, he is on track, I read what he wrote the other day and it makes a lot of sense.

Phase 3: The cabals will rise up against you and instigate the masses. Expect labour strikes and that will mark the beginning of the end.

Not with the good will the Govt will enjoy after the implementation of Phase 2, cabal? which cabal? Jonathan's cabal? lol, the real cabal I know in the oil industry who import products pray for subsidy removal, the only cabal that want subsidy is the cabal created by Jonathan.
Jonathan, Patience, Madueke, Okonjo iweala cabals, they are the only cabals that want subsidy.

Phase 4: You will need to amend existing laws. Trust me the "cabals" and friends of the cabals in the NASS will never allow it happen even in the next 5years
Phase5***

I agree, that is precisely why I did not attach a time frame to it, however, Obj's blackmail weapon will come in handy here, any senator that misbehaves will have EFCC checking the price tag of his boxer grin

, na joke i dey ooo, the govt can sponsor trekking youths to be demonstrating daily at the doorstep of the NA, isn't that what we are supposed to be doing ordinarily?

Phase 6: The previouse phases will have negative effect on phase 6

I disagree

What we need is system restructuring not all these tactics that are Dead on Arrival.

My proposal is actually a system overhaul, it will stimulate three critical sectors of the Economy, if you have a better idea, lets compare notes.

Politics › Re: Subsidy Removal; The way out by jpphilips(op): 4:51pm On Jun 01, 2015

[quote author=netotse post=34317559]@jpphilips

Like you I'm surprised at the link between DPK and aviation fuel(jet A1), Jet A1 should be of a much higher quality so if there are people using one for the other I would be seriously surprised but then stranger things have been known to happen in this country.

Why do you think Kerosene explosion happen in Nigeria?
The Dual purpose in DPK refers to?

As per power, your idea of directing power to places with higher population densities is off, you get more bang for the buck(well KWH in this case), if you go in the opposite direction. High density areas also tend to have higher energy consumption per capita (your average household in Lagos might have both a fridge and deep freezer), if you concentrate on low consumption areas you can reach a larger geographical spread. A bit of both would be workable. The siting of plants wrt load centers and fuel supply means a national grid will still be the ideal solution, anything else will require serious work on tariffs and regulation.

Lagos will consume more electricity and that is what I want to achieve, I want high density areas to use electricity and turn off generators, that will reduce the number of times they refill and reduce the subsidy we pay on each refill.
My mission is not an expansionist programme but subsidy removal, the least harmful way!!

I agree the refineries should be leased out to established companies, anytime I read articles about them I cringe, I have an idea how much maintenance knowledge you need to have to run a complex plant and I don't think our government can provide the leadership.

Not a lease agreement but operating contract agreement.

All in all, nice article. Will be back after I digest it fully.

Take your time!!

Politics › Re: Subsidy Removal; The way out by jpphilips(op): 4:38pm On Jun 01, 2015

[quote author=donguutti post=34317269]Phase 2,No arguments

Phase 3...Kerosene subsidy is non existent and an NNPC scam, yet i have this feeling that this government might actually make a
populist move by enforcing the kerosene subsidy.

Kerosene subsidy is long overdue, but I pushed it to three so that before it happens, the govt would have enjoyed a level of good will by effectively implementing phase two, I know Nigerians, give them 17hrs power and Buhari will become a Jesus overnight grin

, that is the best time to strike with Kerosene, The Govt still need to prove its sincerity of purpose, not because your name is Buhari and you flogged people in 1984, then we must trust you in 2015, we must trade one good will for the other to be reasonable.

Phase 4...That would be almost impossible to achieve and would require changes to existing laws,Revoking refinery licenses
would not be palatable with the President Given his fatherly role in their creation.Would the new operators be private or public agents
or a Performance based private equity type management.

Every change in the oil and gas industry must be backed by law, that is why we graduated from the Mineral oil safety regulations of 1997 to PIB of 2015, the licence is with the government, revoking a govt held Licence has no Liability.
It has to be private of course, how do you think our JV agreement survived for over 40yrs now?

you should propably read more before making unfounded claims

Unfounded claims? are you crazy?

Politics › Re: Subsidy Removal; The way out by jpphilips(op): 4:20pm On Jun 01, 2015

donguutti:
Phase 1, I did some research on the Subsidy issue and from my calculation we can eliminate between 10-15 naira via optimization of the
subsidy regime

This thread is about the solution not analysis of whether or not it exist or what you need to make calculations.
It is for people who have their facts handy for proper analysis not subjective criticism, be guided accordingly.

Politics › Re: Subsidy Removal; The way out by jpphilips(op): 4:16pm On Jun 01, 2015

2sex:
My question is, what is the excuses given by fed gov for not fixing the refineries nor building new ones considering the billions of dollars that has found it's way into hidden bank accounts?

Refineries appeared on Phase 6 of the plan, meaning, that refinery is the least problem of subsidy removal, did you read it at all?

Politics › Subsidy Removal; The way out by jpphilips(op): 3:56pm On Jun 01, 2015*

Subsidy in Nigeria has become our most controversial economic reality, without an introduction, Subsidy interference (partial withdrawal, total withdrawal and continuity) has proved beyond doubt to be fatal to the Nigerian people.

Arguments from all quarters over the years from the government and the media, leave a lot of holes that one could hardly make a comprehensive analysis of why each step was taken, ie if we could bifurcate the lies from the reality.

Personally, the only viable solution I could phantom is a restructure of critical areas of our Economy that will not necessitate a removal of subsidy but will render subsidy irrelevant, rightly put, subsidy phasing out. With a government enthroned on the platform of sincerity of purpose, Nigerians may want to consider the following strategy;

Phase 1:

Probe and forensic auditing of the existing subsidy regimen;

This is necessary to curb the inefficiencies in the system, recently, the Nigerian Failed Ex Minister for Finance paid "FOREX differential" as part of the subsidy regimen amongst other inefficiencies, that is so wrong to say the least. Even when the CBN issue FOREX to importers at the interbank exchange rate, yet we have to pay for the differential?
I admit there was an economic need to devalue the naira, the only justification for that payment was that relevant stakeholders were not carried along including those importers.
This is the latest inefficiency in the subsidy regimen, who knows what else is there? In 2012 it was revealed that storage of pet. products forms part of our subsidy and I ask why?
the answers didn't really add up because I have personally perused the DPR guideline for issuance of such license and storage is an integral part of it, how people without storage capacity, or people who rent storage facilities were issued those license, is where the audit will do the needful.
Issue of port delays to attract demurrage, import waivers, racketeering and other unscrupulous activities, NNPC subsidized products sold to Private depot owners at higher prices etc. I am convinced that a thorough fix in this area will save us about 15% of our current subsidy expenditure. Duration: (3 months)

Phase 2:

Power:[color=#000099]

[color=#000099]You cannot touch subsidy without fixing power, since both are a function of each other both in sustainability and cost, since the FG does not have the cash to execute a comprehensive power approach, then, Prof. Osibanjo's balkanization of the National grid comes in handy here.
During the process of restructuring Nigeria's transmission infrastructure, preference should be given to towns with high population density, it is estimated that a Nigerian home, consumes an average of 45l of petroleum products in 24hrs, therefore, If the number of homes per city could be estimated as 1/3 of the population of that city,

then Lagos [13.4m people/2.5m homes (2010 figures)], Kano (1.2m homes ), Abuja (900,000 homes), Ibadan (765,000 homes), Kaduna (500,000 homes) , Portharcourt (900,000), Aba (400,000), ogbomosho (360,000 homes), Maiduguri (359,100 homes), Benin (340,000), Zaria (300,000) and Jos (305,000) should receive a minimum of 17hrs electricity daily, balanced 9hrs during the day and 6hrs in the night, subsidy is expected to reduce between 25-30%. Already, Lagos, Abuja, Portharcourt, Aba and Benin all have existing IPPs, with 45% of subsidy receipt gone, then we go to phase 3 (duration: one and half years)

Again, installation of Prepaid meters will enshrine fiscal discipline in electricity consumers, that way however little we generate will go round.

Phase 3:

Trade off Kerosene:

There are a whole lot of intrigues surrounding the Nigerian Subsidy regimen on Kerosene, a plethora of Kerosene explosions and the 2012 incident when the FG announced the removal of fuel subsidy surprisingly, price of air travel doubled, it raised some legitimate questions if the Nigerian kerosene regimen subsidizes the Aviation industry and I ask why?

The downtrodden who are supposed to be the legitimate beneficiary of kerosene subsidy, hardly have the means to patronize the gas stations for the product, hence they rely on the surface tank retailers or the hawkers, at what price do they get it? just ask around and confirm.

The truth is this; Kerosene subsidy ends at the NNPC mega station, if you are lucky.
Then the airlines who are the major bulk buyers cart it away and the distributors are glad selling to them for quick money, so the surface tank operators get from the private tank farm owners who get from the importers at an unsubsidized rate, hence the distribution chain of kerosene, from Importer to the consumer is a huge fraud that doesn't need to be fixed, so why do we sustain it?

Air travel is a luxury so anyone who wish to embark on such luxury should be ready to pay for it, based on this assessment, Kerosene subsidy does not benefit anyone, except the aviation industry, if manufacturing industries could give up their AGO subsidy, why not Aviation? this move will reduce subsidy by 20%. (duration: 2 weeks consultations with relevant stakeholders) With 65% of subsidy gone,

Phase 4

Lean Government and Restructure of NPDC: It is only fair that Allison Madueke is arrested and charged for treason for crimes against the Nigerian people, NPDC by proxy. According to PENGASSEN, NPDC produces 170,000bopd, a figure I doubt seriously because by the end of 2013, NPDC is struggling to produce 90,000bopd, considering the mess Madueke made in the industry with her fraudulent indigenisation policy, I will give NPDC a fair 130,000bopd estimate for the sake of this analysis.

All the oil blocks, production platforms, Marginal wells diverted, sold or on lease by madueke including the recently divested SPDC interests should be returned to NPDC with immediate effect.
Buhari must recall the PIB from the Senate and strike off all the fraud there in and make the following changes;

*NPDC oil production will no longer be part of the Nigerian JV oil controlled by senate approved budgetary benchmark. By so doing, the senate must accept a lean government structure, that will cause a significant drop in government revenue (temporarily) but with a reduced recurrent expenditure, it is workable.

* NPDC operatorship license Must be revoked; NPDC will enter a fresh operatorship agreement with a company that qualifies with a track record of managing oil and gas production facilities. Agreement should be one that gives room for NNPC/operator expansion of production output.

* PRCN, WRCN and KRCN will have their operatorship Licence revoked, NNPC will award operatorship license to qualified refining companies to manage her operations, agreement should be one that gives room for operator/NNPC expansion of refining output.

* All the operators of NPDC, WRCN, PRCN and KRCN will be required to inherit their existing staff, train and deploy them and kindly lay off the unproductive ones to maximize efficiency.

* Export Prohibition law for NPDC output except as refined products

* Diversion of Petroleum products must attract a life sentence with no option of fine.

* Workman compensation for oil and gas workers ( a clear sharing formula for personnel charge between the contractor and the employee), an implementation agency must be enshrined in the PIB (to avoid union wahala)

Phase 5

Rebasing the NPDC production:

It is expected that the NPDC oil output is rebased, since the existing 130,000bopd of NPDC oil has been detached from the JV oil and SPDC interest divested, there is need to revalue the NPDC oil, starting from cost of production to logistics, that cost will be less than the international crude price, when fed to the refinery, the refining cost is borne by the trio RCN, I expect such products to be less than 87naira per liter.

Phase 6

Turn around Maintenance of all the refineries,

after which two different sources of petroleum products will exist in the country;

1) The trio RCN products
2) Imported Govt subsidized products,

With product 1 cheaper than product 2, interest will shift from 2 to 1 and subsidy will drop to 5%. As NPDC output grows, it is expected that new private refineries will come on board to utilize the new output that will further increase the RCN output and subsidy will die a natural death.

Some of the phases can run concurrently depending on how fast the Government desire results. Any government that attempts a total withdrawal in one day will end up clueless like her predecessor.
Subsidy removal requires a blueprint that will be followed over a period of time especially with high crude price, at a lower price, Subsidy will die a natural death.
cc Moderators for FP attention
cc Vulcan

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Education › Re: Maiduguri: Students Carry See-through Bags To School (photo) by jpphilips(m): 2:44pm On Jun 01, 2015

abbey621:
Ranting of an ignorant fellow! The largest Islamic country in the world is Saudi Arabia, what chaos do you see there? The Islamic countries that are in Chaos are in Chaos because their leaders have twisted religion into a vindictive tool of oppression and the people are too ignorant to see that they are being used. Add all that to high level of poverty and you have an atmosphere of Chaos! Next time try not to generalize all Islamic countries or all Islamic people, some are actually peace loving people. Some do actually value human lives and some are not as ignorant as the extremists using the religion to spread hatred!

Saudi Arabia right? what can you say about this;

http://www.dailymail.co.uk/news/article-180631/91-die-Saudi-suicide-bomb-attacks.html

Bros use google, since 95, terror is yet to leave Saudi, well, when they sponsor terrorism what do you expect?

1 Like

Education › Re: Maiduguri: Students Carry See-through Bags To School (photo) by jpphilips(m): 2:35pm On Jun 01, 2015

Better than walking with hands raised in Ph

Politics › Re: Okonjo-iweala’s Hidden Figures By Governor Adams Oshiomhole by jpphilips(m): 10:41am On Jun 01, 2015

AfricanGod2:
First of all, thank you for summarizing.
Second of all if what you've written is correct then you're being unreasonable.

third: Okonjo is a world renowned economist, she is the 48 most powerful woman in the world according to Times and she has immensely more credibility in her profession than the governor calling her a paper economist. In fact the Oshiomle is the quack between the two of them.

Fourth: All this stuff about attending meetings with governors and giving governors slide presentations is so absurd I can't believe someone who claims to be a governor is not ashamed to mention them.
Okonjo works for the FEDERAL GOVERNMENT. She does not work for ANY governor and is NOT ANSWERABLE to ANY governor. The man, and any other governor that expects her to stoop to a level less than that of a commissioner for them is silly, lazy, incompetent and does not deserve the title governor. He should go hire a competent commissioner of finance and face the business of govenoring his state.

Only in Nigeria do state "governors" go to the federal government begging like paupers. Only in Nigeria do the finances of states depend so much on the performance of the federal minister of finance. And ONLY in Nigeria do state governors complain like babies when the said minister does not have time for them.

Okonjo may be whatever Times said she is but the right question is; how was Times able to assess her performance to come to that insane conclusion? recently we have evidence how she dribbled Times, Yale and other international organisations, read the paragraph below very carefully:

[b]What worries me is that this government is the first in our history to attempt to manipulate our national statistics under Okonjo-Iweala. When NBS published the poverty figures in 2011, she felt indicted and incensed. She called upon the World Bank to come and examine the ‘methodology’ and get NBS to ‘review’ its numbers. Oby Ezekwesili (as VP Africa Region rejected the call to try to tamper with a country’s statistics). Once Oby left, the ‘World Bank’ started talking about ‘new figures’, without conducting any new surveys. I was told about it by a World Bank economist, and I cautioned that it was a dangerous gamble that would damage the credibility of the NBS. If you want to ‘review methodology’, you conduct another survey but you can’t change ‘methodology’ because you don’t like the published figures. No government in our history has tried it: even Sani Abacha allowed a poverty survey that put poverty at 67% under his regime. At this rate, who will believe statistics coming from the Nigerian government again? Is it now the World Bank that sits in Washington and allocates poverty numbers to Nigeria? Something smells here!
Now that you decide which economic statistics published by NBS to accept and which ones to ‘change the methodology’ to give favourable figures, you can keep feeding your manipulated figures to your international media circus for the vain glorious awards to sustain an empty hype, while Nigerians groan under hardship. We can actually ask Nigerians whether they are getting better off now contrary to your bogus figures........Prof chukwuma Soludo
[/b]

With the evidence above, I will not be distracted by the vain glory and accolades she is receiving from organisations obfuscated by her chicanery.

Politics › Re: Okonjo-iweala’s Hidden Figures By Governor Adams Oshiomhole by jpphilips(m): 10:41am On Jun 01, 2015

AfricanGod2:
First of all, thank you for summarizing.
Second of all if what you've written is correct then you're being unreasonable.

third: Okonjo is a world renowned economist, she is the 48 most powerful woman in the world according to Times and she has immensely more credibility in her profession than the governor calling her a paper economist. In fact the Oshiomle is the quack between the two of them.

Fourth: All this stuff about attending meetings with governors and giving governors slide presentations is so absurd I can't believe someone who claims to be a governor is not ashamed to mention them.
Okonjo works for the FEDERAL GOVERNMENT. She does not work for ANY governor and is NOT ANSWERABLE to ANY governor. The man, and any other governor that expects her to stoop to a level less than that of a commissioner for them is silly, lazy, incompetent and does not deserve the title governor. He should go hire a competent commissioner of finance and face the business of govenoring his state.

Only in Nigeria do state "governors" go to the federal government begging like paupers. Only in Nigeria do the finances of states depend so much on the performance of the federal minister of finance. And ONLY in Nigeria do state governors complain like babies when the said minister does not have time for them.

[b]What worries me is that this government is the first in our history to attempt to manipulate our national statistics under Okonjo-Iweala. When NBS published the poverty figures in 2011, she felt indicted and incensed. She called upon the World Bank to come and examine the ‘methodology’ and get NBS to ‘review’ its numbers. Oby Ezekwesili (as VP Africa Region rejected the call to try to tamper with a country’s statistics). Once Oby left, the ‘World Bank’ started talking about ‘new figures’, without conducting any new surveys. I was told about it by a World Bank economist, and I cautioned that it was a dangerous gamble that would damage the credibility of the NBS. If you want to ‘review methodology’, you conduct another survey but you can’t change ‘methodology’ because you don’t like the published figures. No government in our history has tried it: even Sani Abacha allowed a poverty survey that put poverty at 67% under his regime. At this rate, who will believe statistics coming from the Nigerian government again? Is it now the World Bank that sits in Washington and allocates poverty numbers to Nigeria? Something smells here!
Now that you decide which economic statistics published by NBS to accept and which ones to ‘change the methodology’ to give favourable figures, you can keep feeding your manipulated figures to your international media circus for the vain glorious awards to sustain an empty hype, while Nigerians groan under hardship. We can actually ask Nigerians whether they are getting better off now contrary to your bogus figures.
[/b]

With the evidence above, I will not be distracted by the vain glory and accolades she is receiving from organisations obfuscated by her chicanery.

Politics › Re: Okonjo-iweala’s Hidden Figures By Governor Adams Oshiomhole by jpphilips(m): 10:11am On Jun 01, 2015

Realdeals:
Is the country problem not Tooo long? .... lol

Watch Video Of Buhari's View On Fuel Subsidy

Till Buhari implements his subsidy views!!

Politics › Re: 2015 Election : Jonathan Refused To Listen To Us – Asari Dokubo by jpphilips(m): 9:06am On Jun 01, 2015

Asari has remembered he has Igbo brothers, can someone kindly remind this f00l about his threat to evict non indigenes from the Niger delta igbos inclusive.
Always like a fly looking for interest to grab, Amnesty will expire in December so there is need to allign with another Agitation should there be another Amnesty, lol.

Webmasters › Re: After You Learn These 8 Google Tricks, The Internet Will Never Be The Same. by jpphilips(m): 8:48am On Jun 01, 2015

Google is a calculator

Romance › Re: 5 Things Guys Should Stop Doing That Makes Girls Feel Arrogant by jpphilips(m): 1:20am On Jun 01, 2015

Lamentations of a poor soul, Next! !!!

Politics › Re: My Life Threatened For Doing The Best For My Country – Diezani Alison-madueke by jpphilips(m): 2:25pm On May 31, 2015

You will be charged for treason very soon, we know what you did to betray your country.

Politics › Re: Subsidy 101: Q &A On Subsidy. by jpphilips(m): 12:29am On May 31, 2015

ichuka:
Asuming we produce 2.4m brrls/day and we dnt hve compete refinaries on ground.we cn give 250,000brrls to a refinary in another country to refine 70% of PMS for us and let them take the remaining 30% of other refined products for there refining cost and logistics.
so now whats the volume of 70% PMS in 250,000brrls?
=70/100*250,000=175,000brrls/day of PMS.Convert to litres=175,000*165=28,875,000ltres/day of PMS.
So if Govt.sells @50naira/ltre they cn make up to 144million naira dairly.
Nigerians will b grateful to buy @that price and Govt.will be happy,@least they cn off set some of there debts with there partners and start total upgrade of our refinaries.

At what cost will you get your 250,000bbls and where will you get it from?

Politics › Re: Subsidy 101: Q &A On Subsidy. by jpphilips(m): 8:55pm On May 30, 2015

@ Vulcan

The best we can get is minimum of 5yrs, I have a chap who is working on a 4yr plan but the methodology is running on a choke.
I have a 5yr plan for subsidy disappearance not removal, will be ready on Monday, will open a thread for it so we can analyse it carefully, every Nigerian in every sector is encouraged to make an input,
My work relies on simple oil and gas practices. watch out for that thread!!

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Politics › Re: Command Centre In Abuja To Relocate To Maiduguri by jpphilips(m): 8:01pm On May 30, 2015

emzila:
No more sitting in an office in abuja, speaking obsolete English. It is time to go and tell bokoharam face to face, act as a commander and save ur life and those of d troop under u or sit in an office and die cluelessly in d hands of bokoharam. Good move my president. I started the treking before other, treked from agege to ikeja to cast my vote and i believe i won't regret that.

Chris Olukolade as the military spokes man sits in Abuja to declare Baga massacre 150, Amnesty international satellite images confirm over 3, 000 people dead.

Abuja has no idea what is going on, when you approve logistics for the soldiers, how sure are you it will get to the soldiers?
This is long overdue, Buhari 1, Jonathan 0

1 Like

Politics › Re: Subsidy 101: Q &A On Subsidy. by jpphilips(m): 11:16am On May 29, 2015*

gohome:
Innoson doesn't buy, he builds. Loans to citizens in the form of low interest rate encourage people to invest in Real estate market is investing in a real sector (Construction). Every kid knows this. Anything that will build manufacturing is gold to any economic planning. Do you know the gain of manufacturing a pin in an economy. No way PMS subsidy will do that. I am done with you.

It is only a f00l that holds tenaciously to an opinion ridiculed by a superior opinion.
That lady from Enugu, joe , vulcan with a few other chaps have schooled you enough.
You either remain a goat (what the politicians want anyways) or face the reality.

1 Like

Politics › Re: Stations Caught Selling Above The N87, Will Have Its Licence Revoked – FG Warns by jpphilips(m): 2:53pm On May 28, 2015

This came as the Depot and Petroleum Products Marketers Association (DAPPMA), an association of marketers and importers,[/quote]In Jonathan's voice, "Cabal"

Politics › Re: Subsidy 101: Q &A On Subsidy. by jpphilips(m): 2:24pm On May 28, 2015

ohzee:
I know the Enugu situation well. When I say 'deregulated' it is in quote. I am aware that the marketers pocket the PEF they get for bridging and still sell at prices determined by demand and supply. However there is no task force going about to ensure that the product is sold at 87. Hence the product is always available and most importantly there are a few NNPC controlled stations that sell at govt price. So the marketers make their profit and still collect taxpayers money in the name of PEF.
Another aspect is that the private depot owners sell petrol to retailers above govt price forcing them to jack up their price at the pumps. Nobody regulates what they do. So to me, its all a merry go round. You therefore can't blame anyone who just wants govt to stop enriching these guys. The loopholes are staggering.

PS: Buhari's idea is great, but again the product refined overseas will still have to pass through these same marketers because as we both pointed out NNPC have no storage facilities

Ya, you are right!!
Buhari's idea does not remove subsidy, it only gives the government a wider margin of control, it does not guarantee cheaper products either. I am yet to see anything new! by the time Buhari realizes that NNPC lack the capacity, he will scratch his head in disgust walahi!!

2 Likes

Politics › Re: First Lady With 13 Lives Leaves Aso Rock by jpphilips(m): 2:11pm On May 28, 2015

Peter Obi and his unwavering Loyalty

Politics › Re: Subsidy 101: Q &A On Subsidy. by jpphilips(m): 1:54pm On May 28, 2015

gohome:
Give facilities to the real sector. Let your state Gov. give thier citizens mass transit. Innoson produces diesel mass transit buses. give him the facilities, buy his cars and so you grow your real sector. Your government do not need to pay for something you can afford. It is a suicidal approach

Governments give their citizens tuition loans to go to school, give mortgage loans to own houses and also car loans, a secondary school drop like you is suggesting that the facility should be given to innoson to buy buses so you will be employed as a conductor in one of those buses.

Meanwhile, in other climes, Toyota alone will boast of selling over 10,000 cars in one year in a country whose responsible Govt provided car grants for the citizens, that volume of sales will encourage Toyota to commence car assembly, that in place, a chain reaction of different supply chain contractors and labour will materialize, multiplied by all the car makers in the country.

The mortgage given to citizens will stimulate the real estate market, chain reaction of building materials manufacturers will create all the labour needed to stimulate the economy, if your only Idea of Government grant is to give to innoson so he will give buses to the citizens, then your thought process is fvcked up!!

3 Likes

Politics › Re: Subsidy 101: Q &A On Subsidy. by jpphilips(m): 1:39pm On May 28, 2015

[quote author=gohome post=34173954]

You also believe whatever you want to believe to. Thats your cup of tea. Oh so you agree that laws and implementation will eliminate "cabalocracy". Why dont you protest to your so called NA members that consumes 3% of your budget. Alot of framework have been written to suit the Nigerian system.

Regardless of the fact that you are a waste of my time, thanks to vacation, I will still oblige you a few hrs.
Any change that must happen in the downstream sector must be backed by Law, else the illegality will be challenged in court, so you have not said anything meaningful by telling us there should be a law.
My question is; what law should be made?? where is the implementation framework for the said law? You have been ranting since yesterday for Subsidy to go yet you have no answer for just one problem that will emanate from it, why should you be taken seriously?

Soludo's shine is Iweala's Shine. Iweala's lowlight is SLS lowlight.

You need help, Soludo is a god, Iweala is a mere mortal, it should be a crime punishable by death for anyone to compare both, dead or alive. grin

2 Likes

Politics › Re: Subsidy 101: Q &A On Subsidy. by jpphilips(m): 1:06pm On May 28, 2015

gohome:
OBJ has proved that phase removed does not help. He did it for 8 years, it did not work. Do you know how many firms he gave licences to build refinery, Over 18 people. None built a pin. Jonathan phased removed subsidy for 4 years, it did not work. The only thing that worked was Dangote commencing to build one. I heard it will be ready by 2016. Do you have a picture to show the progress. 16 years of wealth of experience for Buhari to tap. He should learn. How will Buhari magically do that is what beats me. Thankfully Dangote has been able to start one. Heard it will ready by 2016. Can any body post a picture of the progress of the refinery? Also, having a refinery even with access to free crude, will not bring the price down. Dangote will sell at international market price, if not more. If you force him to bring down his price, he will sell to Togo, Chad, Ghana or any other country willing to buy. Investors in is company with not take crap. They have invested, they shall reap like their global competitors.

revitalisation of the old refineries is not possible. Ask OBJ how much he sinked doing that. Can the Nigerian government maintain anything? The kind of government workers I know needs to be all sacked and new people brought in. Nigerian government workers to do not have the capacity. They are not well trained, not well motivated, Do not have the required skills.

Keep thinking for Buhari. He has granted tons of interview, has he told us how he will fix this mess? No. So we can only wait and see.

Politics › Re: Subsidy 101: Q &A On Subsidy. by jpphilips(m): 1:01pm On May 28, 2015

gohome:
If you do not have money to buy PMS at 200 Naira, park your car at home and sell it if you see a buyer. It means you are too poor to maintain a car, so why buy one in the first place. It also means Your country is too poor for you to own a cars.

If the public transport system is too expensive because of 200 Naira PMS, trek. If you cannot trek, occupy your state gov palace and tell him to provide mass transit for you. All modern mass transit run on diesel.

If you want to travel, enter a macopolo, they run on diesel.

We can survive with PMS at 200 Naira.

If I had seen this post of yours, I wouldn't have replied any of your post, other government give facilities for their citizens to afford basic necessities and you are asking someone to park his vehicle and trek?
who is this guy?

1 Like

Politics › Re: Subsidy 101: Q &A On Subsidy. by jpphilips(m): 12:50pm On May 28, 2015

989900:
How did we go from the above to this 'roforofo'?

There is OPEC quota for crude, no quota on refined products . . . by now, NNPC should have 'colonized' 75% of West Africa!

If they have sense!!

3 Likes

Politics › Re: Subsidy 101: Q &A On Subsidy. by jpphilips(m): 12:20pm On May 28, 2015

Realdeals:
You are ignorant of what you are saying, i deliberately decide not to answer your previous mentions

@Bolded who owns the oil? NNPC or foreign multinationals, if its NNPC who owns NNPC

enough watch this video of him talking about the petroleum sector and subsidy

https://www.youtube.com/watch?v=Dwhy2zCUK1s

I have seen the video, unfortunately it confirmed my fears, Buhari first denied Tam David west who said he (Buhari) can bring down the cost of PMS to 40naira.
He alluded that he will give oil to production and exploration partners who have refineries abroad, to refine and pay them for transportation, which begs the question; "where will Buhari get the oil to give them"?
He equally claimed that the NNPC owns her stake in the JV agreement by her JV percentage, well, this is 2015 not 1984, he should go and read the PSC immediately after hand over.
Finally, Buhari has no guarantees, that the price of PMS will go below 87naira in his administration.

I am still in limbo where the video addressed my concerns, make no mistakes, "gohome" has been struggling since yesterday to address just one of the numerous concerns in the industry, I wish you luck in your quest for the answers.

Politics › Re: Subsidy 101: Q &A On Subsidy. by jpphilips(m): 11:54am On May 28, 2015*

ohzee:
I am surprised I just stumbled on this post. Let me give an insight to how petrol supply occurs in Enugu. Enugu deregulated a long time ago. Petrol price varies from one station to another. I am not talking about during scarcity. If you want to buy at 87. You simply queue at NNPC. This is because some years ago, marketers had a gentleman agreement with govt to stop harassing them because they lift petrol from Lagos, PH and Calabar. They have to cover their losses in case of accidents etc and also bear transportation costs

You seem to have an idea what the Enugu situation is, but you made an error by saying that Enugu is deregulated, Enugu is not deregulated, the Government created a problem for Enugu and the people found a way around it.
Watch that Real deal's Buhari's interview, he mentioned it.
All products that enter Enugu is subsidized, but where does their subsidy end? PH, warri or calabar sometimes, someone has to pay to get it to Enugu.
This is where Jonathan goofed, there is a line that is supposed to run from Aba depot or PH (I will check later where the line started) that is supposed to land the subsidized product to Enugu depot, at the Umuahia section, the line was vandalized and Fg refused to fix it.

So the NNPC or any Major marketer is entitled to Aquilla (transport subsidy) while the independent marketers, add the transportation cost and insurance to their products, causing the price variation.
It affected Anambra and Ebonyi too. funny enough, they were the people that voted for continuity of that madness!!

1 Like

Politics › Re: Subsidy 101: Q &A On Subsidy. by jpphilips(m): 11:40am On May 28, 2015

Realdeals:
subsidy a scam! visit this thread https://www.nairaland.com/2339465/buhari-not-use-oil-marketers

"...In the short run, we will not use the marketers for the PMS importation... we shall give all our local PMS needs that NNPC cannot refine to foreign firms to refine for us and pay them the cost of refining...
"We shall provide transport to ship crude to and from the foreign refineries and pay the cost of refining for us...I believe that will remove the subsidy fraud in the short run...
"when I give you 200,000 bpd to refine, you must give me the equivalent outputs that it will bring in kerosene, PMS, Diesel etc...
"...But in the long run, we shall encourage local refineries..."

I skipped this part, did Buhari really say this? where will you get the oil to give the foreign companies to refine and at what cost?
If it is what I am thinking, you will still subsidize it same thing the cabal is doing, the only difference here is that Subsidy will be paid to NNPC not the cabal, which is good (because I want serious government control in that sector).

But my Question to Buhari (if this is really his plan) is; does NNPC have the capacity to import petroleum products for Nigerians alone?
OBJ, yaradua and Jonathan used the cabals, they cannot all be wrong.
This plan does not remove subsidy either but it shifted the beneficiary of subsidy from Cabal to NNPC, hitherto, NNPC equally benefit from subsidy for refined products, so nothing new here.

Buhari's knowledge of the industry is getting rusty, he needs some update ASAP

1 Like

Politics › Re: APC Controlled Lagos State Has Both The Highest External & Internal Debts - PDP by jpphilips(m): 11:23am On May 28, 2015

peedeeasobie:
I can see you just came across the word 'clown' for the first time, kindly find out how and when to use it in a sentence!

'Amaechi made some political concessions...', pls do tell the concessions he made.

So, the FG is dumb for guaranteeing the loan but Lagos state is not dumb for asking for it?

If FG had refused, you will still run to nairaland to cry foul!

The fact is, whatever APC does whether good or bad will always be right to you and whatever PDP does whether good or bad will always be wrong to you!

Mr. Non-objectivity.

I dont expect you to have sense, Lagos and FG are equally guilty, FG had the power to stop Lagos but never did, jonathan is weak, OBj stopped Tinubu's lagos from accessing Federal allocation for 7 newly created LGA, even though Osibanjo won obasanjo in court, we are glad that OBJ put up a fight.
Governors agitated for the sharing of the ECR, Obj fought them to a stand still, just a little pressure from Amaechi, jonathan gave up the ECR, see where it has landed us.

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