₦airaland Forum

DerideGull:
Bros please relax. Achuzie was never a soldier before the war. As Ben correctly stated, Achuzie can not be in every battle front at the same time. It gives reason to ask want unit of Biafran army did Achuzie commanded.

tete7000:
Diesel is not the only derivative of crude oil and as such deregulating diesel alone won't bring needed investment into the refining industry. How can people refine and derive multiple products, sold one of those products in a competitive market while others are regulated? If we want investments in our refineries, we need to have a total deregulation.
To say diesel didn't benefit at all from deregulation is far from truth. Diesel doesn't suffer regular scarcity as petrol and kerosene do. Although I wouldn't know if price of diesel responds to international price fluctuation as I am not a user of diesel but I expects it should. However for now it is going to be difficult for us to have diesel price drop yet as we still heavily depend on product importation and also because its importation is still somehow linked with importation of other products.

tk4rd:
America and Saudi-Arabia has downstream sector in their systems too.??
You are among the Nigerians that accepted the scam we call "system" in Nigeria and sheepishly regard it as what should be.. No offence., but tell me why the so-called downstream sector is not operating in other sectors of the economy, especially solid minerals

Curvinus:
At least the guy youre calling ignorant tried his best to state a position which he beleives to be true. Its either you provide a superior information - that's assuming you have any - or you go back to the rules page of nairaland and by extension, to the classroom.

pstfr:
In as much as i'm not a fan of buhari, i must say that, if we re to make progress as a nation, fuel subsidy must be removed. No matter how you try u can never deal with the corruption in that sector. Come to think of it, with the current price of crude now below 60 dollar, i don't think subsidy is still needed.

Realdeals:
Let him get their first, beside am wondering why we should be buying the crude oil we produce. I understand 445,000 barrel is been reserved daily for domestic consumption, this i believe is enough after refining. Therefore Nigerian should be paying only for transportation to the refinery, the cost of refining, cost of transportation from refinery to filling stations.


Meanwhile check >>> LIST OF 360 NEWLY ELECTED HOUSE OF REPRESENTATIVE MEMBERS

Are you not aware that government saw all the dire financial straits coming and wanted to re-position but Nigerians refused. Now, most state governors cannot pay salaries. Most IOCs saw this coming and have taken survival decisions and positions. Propaganda blinded our eyes and minds and now we are here.

Whether lies or not then....now, our government cannot pay salaries. Subsidy MUST GO if the country must survive. GMB may stabilize oil prices all he wants, this will not help either because again, the traditional buyers of our crude are turning to cheaper source of energy and gas is inclusive. This means that demand is dropping...

You just have to face the reality....

Nigeria is sinking fast and one of the fastest way out of this mess is to STOP SUBSIDY NOW!

VolvoS60:
^^^^
I am not sure you really understand my position on quite a few of these issues being discussed. Perhaps you should go through my posts again.

989900:
Elusive/evasive is my personal inference from your response.

Because 'Volvos60' already mentioned about those missing/fluid parameters that we need to be conclusive. And we thought you had them.

dantti2006:
This isn't about Buhari. Its about protecting the office of the president. The presidency isn't GEJ or Buhari but a symbol of authority to the nation and the international community and by d time Buhari enters NASS would have done what they wana do and be coasting if he didn't call dem out now. I guess they assumed GEJ will be bitter and allow anything that will limit the incoming president.

CFCfan:
Whether the proposed amendments have the insignia of David Mark or not, it's a step in the right direction to reduce the enormous powers of the Nigerian president. But I agree that the NASS should have followed due process in passing the proposed amendments. Nd I believe the president shouldn't have to sign proposed amendments into law.

I would like to see amendments that will require the heads of the intelligence, military and security agencies to be confirmed by the Senate before taking up appointment into their posts. That way, the powers of an imperial presidency would be reduced.

Nustra:
wow....
I said I had, I don't see why you need to ask that again

erico2k2:
Take it easy on the guy bro, we are all learning .Anyway to place and argument in you stated reason above, I will say this,Import is a necessity weather valuing or devaluing one's economy, every developed nation import,so therefore I will like to refer to import as a constant not a variable,But Export would be a variable and not a constant when Import of certain goods is more than export of other goods, government round the world tend to stimulate the economy, one sure ways of doing this is to devalue the currency to checkmate the tide.Today china is the highest importer of Iron and steel plus Oil,we as Nigerians are importing machines yes and expertise and exporting less of what we have i n abundance,ie Raw materials which we cannot exhaust in our life time.Check costarica k now for exporting bananas, check teh Caribbeans the o nly thing they have to export is tourism, same as Egypt.SO if we have good governance,monitory policies,we have more than enough to earn us foreign exchange.We could do that with,cassava,carrots,rice,banana,ground nut, palm nuts/oil,fish,timber,leather,coal,butumem,rubber.coco,yam,Iron n steel,glass,tourism,textile,electric cables,the list goes on and on bro,if this good policies are adhered to,we wont even need to beg anybody to come and buy, market forces will drag them here as i n the case of china,I have to buy whole sale from china to get a business Visa I have to pay their ministry of foreign affairs $700 to get an invite from the government just imagine and its me who is doing the buying,however same stuff is made and sold in the Uk but its cheaper to buy from china as they have a lower currency.

VolvoS60:
For now, I will leave the question of why DPK pricing policy has continued to somersault. Since AGO was deregulated some years ago has there ever been a shortage of the product and why? I would also like it if you could provide information of the extent to which AGO pump head prices have declined in Nigeria since the global price of crude fell.

I would also like your comments on the rest of my post about costing of locally produced petroleum products.

“Let me tell you, on the is­sue with oil marketers, we have been really working with them. We have been dialoguing with them. We paid them N350 bil­lion in December. We paid them N31 billion as foreign exchange differential and by tomorrow (to­day), we will be paying them the N100 billion which we will give them as IOUs as well as their interest rate differential of N56 billion.

989900:
How much does it cost to produce a litre of PMS, and DPK through our local refineries?

I think the drift is straightforward.

TheGoodJoe:

The Cabals did not win anything. The Cabals are GEJ and his cohorts. Why do you think we have missing billions of dollars in the NNPC?

Diesel has no subsidy and when the international price of Petroleum products dropped, Diesel price in Nigeria did not drop, Why? Because the Marketers controlled the Market. That'd is the kind of Plan GEJ had and the people succeeded. Not GEJ and his cabals.

NOI said they wanted to increase NEPA tariffs but they did not because of the fear of Protest. That was a victory of the people. Slowly, the people will control the government and not crooks like the one from Otuoke.

VolvoS60:
^^^^
I have not said locally refined products should or should not attract a subsidy. What I have asked for is the cost profile of domestic/local drilling and refining - information which has suspiciously remained inaccessible to Nigerians for far too long. The current price of PMS at the pumphead is N87. If all costs of domestic/local production and refining plus a markup is less than N87, then where is the subsidy?

The information we need to have is the cost of producing and refining a litre of PMS locally. Is it more than, equal to, or less than N87? That's all I'm asking for!!!

VolvoS60:
We were told some years ago that the market for kerosene and diesel had been completely deregulated. Yet in the intervening period we have had scarcity of both diesel and kerosene - products which had supposedly been fully deregulated. How do you explain that? All over the globe, petroleum products prices have been declining at the pump head because of the fall in crude prices. What do you have to say about the price of diesel and kerosene in Nigeria - why have they not fallen in tandem with the rest of the world?

KEVIND:
When President Jonathan asked for the total removal of fuel Subsidy in 2012. He said Nigeria cannot afford to continue with this fraud (SUBSIDY),But Nigerians called him all kinds of names and even took to the street in protest. Jonathan simply knows that by tackling coruption and to fight the cabals in the oil sector you don't need to put everyone behind bars but simply stop the source of all forms of corrruption and which he has started doing but we never believe in Him. I wish the President Elect success in his fight to end subsidy and deregulate the downstream and upstream sector of the economy.

Burger01:
Ohhkay. But, should there be subsidy on locally produced and refined petroleum products

XBLadez:
Don't mind them. I think the price was 149 naira per litre; as at then Ghana was paying more and nobody was complaining

VolvoS60:
^^^^
Be careful when you say 'subsidy must go'... or those who support the wholesale plunder going on will take those words and run with them. The question you should be asking is for the government to prove there is a subsidy on locally produced and refined petroleum products. Everything else turns on this question. If there is no subsidy on locally produced fuel there is absolutely no reason for routine, continuous importation of costly, dollar denominated refined petroleum products from other oil exporting countries. It makes absolutely no sense to do this.

Avoid repeating slogans or soundbites such as 'subsidy must go' without exploring and understanding the real issues behind them...or you unwittingly become an accomplice to those who have an agenda...

Bevista:
Nigeria's daily consumption of PMS is about 35-40 million litres. At optimal performance, all our Refineries put together can only process 12million litres/day. So you see, even at optimal performance, we will still need to import about 25million of PMS litres/day.

I am not a fan of subsidy, but I'm curious to see how the incoming government will approach the issue.

rychard:
Fuel subsidy should be removed so there can be healthy competition among oil marketers in the downstream sector, and prices determined by forces of demand and supply. The govt. Just like in other sectors should emblace a law enforcing a cap on the pumo prices so it doesn't go above the he market price.

tk4rd:
If not for the mention of "Subsidy" in the whole long story, I was about asking why government should be paying marketers who were already making gains in their normal buying and selling..
I see no reason for such payments oo..

Bevista:
GMB was addressing NASS members during their induction course, where he mentioned 8 challenges that his administration will face on assumption of office. These include Falling oil prices, Insecurity, Youth Unemployment, Power, De-industrialization, Environmental Pollution in ND, Rebuilding of ravaged NE, etc.

Typically, though, the media has singled out Falling Oil Price so as to create a sensational headline. Baba is not making any excuses, he was simply being pragmatic and calling on the Legislature to join/support the Executive as developmental partners to tackle these 8 challenges.

There is no place in that article that the General said his agenda was threatened. He simply highlighted Challenges, something every corporate leader (whether in private business or public service) does. You need to be objective about the issues, so you can come up with the right strategies to tackle them. I'm sure most of you will learn this as you become leaders.

Stop commenting based on headlines, please always read the body of the article.

SIRICE:
hey mister think you are wrong. when u update an app on playstore watch it closely while it updates. you wanna tell me i downloaded a 14mb in 3secs? have not made any research on this but downloading new apps takes more time than applying an update it will show the total size of the app but it will suspiciously download with impressive speed.

temmym4:
Bro. he is right, updating your windows pc is totally different from an android phone. your pc updates the partial files needed to upgrade your old files. your google play app on the phone actually download a fresh installation update (a latest version of d old app). aiit?!

vislabraye:
True talk.. . Downloaded one spider man game. It was 40mb when i checked the store. After playibg 2ce, they said i should download the remaining. By the time i knew it, i had spent 350mb and still counting.
I had to end it...

Joel3:
I have come to realise that app do expire almost everyday. when you update you are actually downloading a fresh copy.

assuming the app is 40mb of size. and the developer modify the app to add new features and remove or clean some bugs. and the new updated app is now 43mb of size.

the former which is 40mb is now useless when you update you are actually removing the 40mb old and downloading a fresh 43mb.

there are over 19 expired app on my phone currently at about 500mb of size.

to be frank half of them was download a week ago.

in the voice of one american guy. what are they updating everyday? they should stop updating my system.

well update is actually important it might be a virus threat or venerability of high risk. the issue here is you can minimize the app you keep. for example look at you r phone you will see that there are some app you have not touched for the past month absolutely not needed but you just refuse to let it go.

nawtikid:
Recently, I've noticed a decline in my level of reasoning, I find it difficult to make intelligent arguments and decisions and my level of assimilation and comprehension also dropped.

Nairalanders, I need ur advice on d form of activities I can get involved in dat can exercise my brain greatly and restore my IQ.

Nellizzy:
Nigeria’s jihadist group, Boko Haram, is in Zimbabwe and could soon reach South Africa, reports the UK-based news outlet ZimEye, citing Zimbabwe’s national intelligence agency.

According to the Zimbabwean news website, the Central Intelligence Organisation (CIO) issued an intelligence report, warning that the Islamist militant group is in Zimbabwe en route to neighbouring South Africa.

ZimEye added that the South African intelligence service has alerted police officers in Zimbabwe’s Matebeleland region about Boko Haram’s intentions to infiltrate South Africa.

Other Zimbabwean media outlets have picked up the story. One outlet, Harare24, claims, “Officers were yesterday called for duty at around 9pm and are now temporarily stationed at selected police stations where they camp.”

iHarare reports that police spokespersons have not responded to a request for clarification on the original ZimEye report, and official statements from the government of Zimbabwe regarding Boko Haram’s potential presence in Zimbabwe do not appear to exist.

The Matebeleland region borders South Africa, where the jihadist group may seek to “carry out revenge attacks for the ill-treatment of several Nigerian nationals in the ongoing xenophobic attacks” that have left seven people dead and displaced thousands more from their homes, notes the news website.

Boko Haram released propaganda this month threatening to kill South Africans in retribution for the wave of xenophobic violence affecting Nigerians and others in that nation, though it was believed that Boko Haram members would find and kill South Africans in the areas where they operate: Northeast Nigeria, Chad and Cameroon.

Boko Haram reportedly released a video nearly two weeks ago urging South Africa to end the xenophobic attacks taking place within its borders.

Zimbabwe’s online news outlet iHarare reports that in the video, which has not yet been verified as authentic, Boko Haram warned that it would execute all South Africans in Nigeria, Chad, Niger, and other surrounding countries if the government of South Africa failed to contain the situation.



www.leadership.ng/news/429520/boko-haram-in-zimbabwe-en-route-south-africa

Boko Haram, protector of Nigerian lives