₦airaland Forum

PPAngel:
Boko Haram illusive Spokes man, Shekau has taken to his Youtube account from his Langely, Virginia base to state that he intends to attack South Africa not because South African mercenaries have been contracted by the Nigeria Govt to flush out the bokos but because Shekau is vissibly touched at the killings metted Nigerians in South Africa by the xenophobic riots perpetuated by South Africa.

Reminder

This is the same Shekau that stated he enjoys killing Kafirs.

This is the same Shekau that has declared war on all southerners and Christians residing in the north.

This is the same Shekau that finds nothing wrong in abducting, r@ping and selling young christian girls.

Lest we remind Shekau that 99.9% of Nigerians residing in SA are southerners with a significant population being Igbos and thus Christian.

Off course nobody is expected to take the pronouncement of a mad man like Shekau seriously but we should caution Shekau's handlers in the CIA that we know this game will soon start once a Buhari puppet govt is up and running.

I have warned here severally in many of my handles on NL of how the Americans will quickly shift focus from the NE to the Niger Delta once their puppet govt is installed!

Watch how MEND will be turned the bad guys on the bloc and the ND turned to the latest killing zone.

It has always been about oil.

The Americans are desperate to get their hands on it and has the rescent history of Nations like Libya and Iraq have shown, the Americans will stop at nothing to get their greasey hands on it.

The ND should be cautious and awake!

They will use the north and SW to anger us into seccession. We will fight for our freedom and this time America is in need of another Vietnam lesson.

shadowgwalker:
doesn't look like any rubbish PDP nonsense. it's more like seized bikes by government dirty officers of useless taskforce.

it's good as they snatched their bikes back, I pray they deal with these useless VIO officers that seize their bikes and resell in Abuja.

astana1:
GEJ administration marginalized AND SACKED PEOPLE TO SET OUT HIS TRIBALISTIC AGENDA

Igbo man Ike Nkeremandu, Deputy Senate President

Igbo man Emeka Ihedioha, Deputy Speaker

(Imagine that in a country with 6 geopolitical zones, one occupies the two of the 4 major National Assemby leadership positions!!)

Igbo man Pius Ayim, Secretary to the Federal Government

igbo man Godwin Emefiele is the governor of the central bank of Nigeria

Igbo woman, Finance Minister and Co-ordinating Minister for the Economy

Igbo woman petroluem Minister

Igbo man Nebo, Power Minister

Igbo man Minister of aviation

Printing and Minting - Igbo

Nafdac -Igbo

MINISTER OF Health - Igbo

Jonathan removed other tribes from head of parastatals and put Igbos there but that would be addressed now. Bureau of statistics was filled up with Igbos.

Even the Hausas/Fulanis in military have never done this above show of shame and pure tribalism. And Igbos were quiet all through that administration cos others were marginalised.

pazienza:
Read whose story? Cos I have my own version of the story, and in that version, Nigeria never fed Biafra, instead they were trying to poison the food meant to be brought to Biafra, by the donor agencies and they also blocked the sea route Biafra had been using to import her food supplies.

pazienza:
Read whose story? Cos I have my own version of the story, and in that version, Nigeria never fed Biafra, instead they were trying to poison the food meant to be brought to Biafra, by the donor agencies and they also blocked the sea route Biafra had been using to import her food supplies.

Marpol:
How much is shipment and what is the value of these 8 by-products?

pazienza:
So? How does that translate to Biafra depending on Nigeria to feed her?

pazienza:
Biafra never relied on Nigeria for food. So, I suggest you correct part of that your article that said so.

Biafra depended on donor agencies, outside imports and local production for food. Saying that Biafra relied on Nigeria for food is an act of historical revisionism.

How can a Zoo republic that can't even feed her populace in 2015, feed a progressive Biafra between 1967-70.

In July 1966, Lieutenant Muhammadu Buhari was one of the participants in a coup led by Lt-Col Murtala Muhammed that overthrew and assassinated Nigeria’s first self-appointed military Head of State General Aguiyi Ironsi. This created a long term hatred and distrust between the Igbos and Hausas.

Maj. Kaduna Nzeogwu (Igbo)

From 1968 onward, the civil war fell into a form of stalemate, with Nigerian forces unable to make significant advances into the remaining areas of Biafran control due to stiff resistance and major defeats in Abagana, Arochukwu, Oguta, Umuahia (Operation OAU), Onne, Ikot Ekpene, etc. Late Chief Obafemi Awolowo, a yoruba man who was most notable as the outstanding first premier of the Western Region but was also a successful federal commissioner for finance

Osayimwen Osahon George

Senior Online Editor & Political Scientist

Senior online editor of which media stream?

Disgruntled and pathetic publication like yours can only thrive online where there are no controls, another charge and bail failed social commentator with poor education.

Igbos voted for Jonathan because it is their choice, Obasanjo captured and humiliated their war heroes yet they voted for him.
Igbos have better history with Yorubas and Hausas than Niger deltans where Jonathan came from.

Agreed Gowan held them when they wanted to leave, Awolowo brought starvation upon them and took their money, do you have any idea what the Niger delta did starting with Isaac Adaka boro?

Have you read how Boro captured Portharcourt and how ruthless his campaign was? this is a son of Niger delta who refused to fight with Ojukwu and opted to fight on the Nigerian side, Boro is not to be blamed, he did his duty as a soldier, but behind the scene, the Niger deltans were not happy that they were included in the map of Biafra because they did not know the value of their oil at the time.

Go and read Ojukwu's advice to Ken Saro wiwa to get an idea the role Niger deltans played during the war.

The only region that ensured that Igbos never had a place to sleep after the war and you dare say the SS/SE alliance? if history is any cardinal focus of reference, no sane Igbo man will vote for jonathan but they did it anyways!!

Stop trying to predict the Igbos, they live in a world of their own, they don't take Govt programmes too seriously, a very microscopic few feed from the government while the majority do their thing, Obasanjo was favored, jonathan was lucky to be favored, who knows!! one day fashola will be favored, let the Igbos rest and face your work.

IbnSultaan:
Resilience
Integrity

CharlesPhc:
[b]On an ideal situation (Road Conditions, Diversions, Weather Conditions, Traffic, etc. affect driving distance), a driving journey from Lagos to Abuja by road (Lagos --> Abuja) is approximately 587 Minutes - 9 hour(s) 47 minutes(s). That means it would take a car in good working condition just approximately 10 hours from Lagos to Abuja by the route on the Map below.

Having said that, what time would it take an average person to walk the same distance? How many hours would he have to walk each day? And in how many days would he complete his journey?

Let's assume Buhari was officially declared winner of the election on the 30th of March 2015 and our trekking guy started his journey on the 2nd of April 2015....!!! If by 20th of April 2015 Hamisu Abubakar arrived the FCT on foot, it is also confortable to conclude that it took him 18days to walk from Lagos to Abuja on foot. 24 Hours in a day by 18days would be 432 Hours.... How many hours did he walk each day to complete his task in 18 days considering the fact that from Lagos to Abuja is approximately 736.6km? Still loading.........

. [/b]

Obiagelli:
Interesting, thanks for bringing up some new dimension, i am glad you agree that the social policy is achievable, that is the essence of this thread, the pdp guys painted an impossible picture earlier.

Marpol:
It is very easy for petroleum to sell for N40 in Nigeria. Have we bothered to ask what happens to the by-products of the crude oil transported out of Nigeria. We take crude oil for refining abroad and we bring back just 3 products namely PMS, AGO and DPK.

What happens to these remaining products?
1. Liquified petroleum gas
2. Naphtha
3. Fuel oils
4. Lubricating oils
5. Paraffin wax
6. Asphalt and tar
7. Petroleum coke
8. Sulfur

No one accounts for them. They are sold off and the money pocketed by corrupt Nigerian officials. The money from the sale of these 8 by-products can subsidize PMS, AGO and DPK in Nigeria.

EPOMA:
“But by the time you get to the depot, after paying around N2.6m for your ticket, a lot of levies are to be paid, levies from PTD, IPMAN and all others, adding them all together with the cost of transporting your trucks to the station, no one is ready to run at a loss.


All this nonsense has to stop, must levies be paid to all this thugs

dearpreye:
Which refinery did GMB provide? Do you know how long he was in power? Do you know of how long it took to build any of the refineries we have?

koligs:
Don't underestimate the power of sai buhari...
I will frown at that.
Our president elect has spoken who is IPMAN to query
Buhari provided the current refinery we are using now, so what's IPMAN stress??
Am taking it P..

anonimi:
So where are the careful statements you have made to correct the emptiness you observed

Obiagelli:
Royalties and taxes i believe.

This is how it works;

Assume FIRS figure as X
Acreage to Nigeria as Y

In your submission you said X+Y = Total revenue but you forgot that Y forms part of X, that alone has murdered most of your calculations.

In our 60% it is our responsibility to pay for security for all IOC's, though they pay first but we refund later so 10% of our 60% pay for all those gun ships you see in the creek, I am not sure whether OPS pulo shield is financed from the 10% but you must factor it in, the politicians may finance their security votes from there.

Another very important variable you missed is the pet tax;

after the 60:40 split, each person will pay tax to FIRS, the royalty shell talked about in the evidence you provided deducted 5% as operating cost, before remitting the rest, yes we have an agreement they should deduct it (there is no point paying us to pay them back),

what % of their 40% is tax accruable to FIRS?

What % of our 60% is remitted to FIRS??

Ya, I read your evidence where SNEPCO remitted $1.2b, so what % of their 40% is $1.2b?

let me explain why that figure is important, assuming we agreed they will pay us 15% tax from their 40%, and they say OPS cost is 7%, the amount accrue to FIRS from their 40% will be 15-7= 8% that will amount to the $1.2b SNEPCO paid.

You skipped another very important one 13% derivation: this is calculated as 13% of oil produced from oil fields of each state.
EG Imo has Egbema oil field, Oguta, Owoza and Assa, now, you will calculate Imo state by what each of these oil field is producing individually because it is not a flat rate. you cannot just pull out 13% from our 60%, so it will go down to what you produced for the month, if you have a
shutdown that month, sorry!! nothing for you.

That is why you see Bayelsa monthly revenue on top of all the other oil producing regions, if it was a flat rate, all of them will be the same figures.

You see, with all these holes you cannot just calculate it like 1+1.

Whether Buhari can deliver on that promise, it depends on two factors

1) If he has a smart person who can fine tune the criteria for qualifying
2) He must fight corruption.


Now to support you a little;

All the Agencies you know in Nigeria does not remit 100% to FIRS, this alone murders your initial FIRS figure, but it supports your cause to a large extent because, if corrupt practices like those are plugged, we are looking at a near double of those figure of yours, also remember that most Agencies work with target.

You can tell NPA to give you 4b in a year, but they can make 8b that same year, they will remit 4b and keep the other 4b, all they need is to call it operating cost, then its over till the next year.


For your critics;

Some are talking about Operating cost, once royalty is paid, operating cost does not come to Nigeria, just call it a tax rebate from Royalty to make oil flow.

Some are talking about Development cost: It is inconsequential in this analysis because we don't pay the IOC's upfront, under our PSC agreement post 2004, they do everything with their money and we give them 60% oil value, that oil does not reflect in OP's 2mbbls/day so it is s!lly talking about development cost when she has mentioned her estimated 2mbbls/d

Some are saying SWF; WTF!! this is an unspecified % of FG's 52% stake in the ECA, we no longer earn excess crude revenue so why will OP include SWF people!! we are running a budget deficit, there is no excess anywhere.

The sad truth is; Nigeria is not a wealthy nation but corruption concentrated the bulk of its wealth in the hands of microscopic few while the majority live in penury.
If Nigeria's wealth should go round, we will just be average as a nation not rich, like people think.

Overall;

WE all pray for Buhari to succeed but hey, it not gonna be a walk in the park.

you can close the thread if you are a moderator, your analysis is pretty wrong!!

kaboninc:
I thought you have one mouth when you wrote ^^^^

Then I realized you have so many mouths when you wrote this:



You either contract my comments or you better get a life!

chuna1985:
The most educated reader, I see ur towing that same stu.pi.dity lane as she is.... If u can still read, re-read my post, If ur blind to it, Investigate n find out running cost of crude oil production in the world today, U phone can still browse abi

Omooba77:
I guess you can pass your comments without been abusive ;shows your upbringing. Unless we reduce recurrent expenditure. Please learn more about basic economy and how to be formal in public forum sir

Reference:
Hmmm. The beauty of democracy is that people have to and often get informed to get ahead and sometimes stay ahead.

There is nothing wrong in making campaign promises way out of the norm. Any one who desires to really excel sets seemingly unachievable targets and works towards them to the extent that though they may not be attained, improves the state of the person. To say Nigeria cannot raise its revenue base in the short, medium or long term is just ridiculous. Plugging waste and increasing efficiency for instance can double our earnings overnight.

However for the sake of an academic argument the facts are clear. Budgets are subjective. They are not one plus one. They contain a lot of assumptions and thus experienced economists build a lot of safety mechanisms to bring them in line. One of such assumptions is the 2 million barrels x 365 days. Is this the minimum, maximum or average. Second, the 60 or so dollars is a bench mark or in layman's terms, the market price. Anyone who buys and sells stuff knows that that price is not cast in stone. Refiners negotiate prices per cargo. Oil is delivered on contract. Contracts are negotiated.

There are so many other points of education. Someone mentioned solid minerals. The infrastructure required to make the industry viable from mine to market is not there. It doesn't take a genius to note that if DeBeers and Rio Tinto and the other Chinese giants are not banging at our gates it is because there just isn't any attraction. Something is basically wrong about our decades old hallucination about solid minerals.

Finally the politicking. I say it again. Anyone who thinks the Buhari led government should not be taken to task for whatever reason is just not serious. The standard to which the out-going regime took freedom of speech and freedom of information and from which the APC benefitted from cannot suddenly stop or be reversed and I repeat again. Democracy only works with an effective opposition. No true APC member will hold Buhari accountable for campaign promises. It is his opponents the masses are hoping that will compel him to perform.

anonimi:
What nation's investment

Is the nation same as Shell, Total, BP, Elf, Philips, Agip and other foreign oyinbo oil companies?

MrCcf:
Take a course in basic economics, but u won't. Our annual budget is in the region of 4 trn and don't forget part of this budget is financed through borrowing. A budget of this amount makes useless the social programme of 5k to 25 million poorest families in the country. If u are good in elementary maths, u will find out that it will cost abt 25% of our budget to finance that program. Economically, it is not feasible, bearing in mind that recurrent expenidtures costs more than 60% of the same budget.
Am not surprised because you just like MyGeneral failed Economics at O' Level.
#Peace

chuna1985:
Obiageli biko ekwuzina ozo oooo.

Lemme just show u a few things ..

1) Crude oil is 56 dollars per barrel now, not 60.

2) U don't just multiply daily exports by 365 days, basically it made u never calculate annual running costs of extracting crude oil from the ground. cost of salaries, explorations, Change, repair n servicing of all pipelines, depots, refineries, settling of communities etc.

please running cost of crude oil production is 50% of whatever is made from it.(u can investigate that)

Did u calculate pipe line vandalization n all forms of crude oil theft?

Did u calculate repayment of our debts which is about 67 billion dollars ?

Did u calculate the monies that will go into government savings

what makes u think the government does not spend but only receives?


And many many more I cant even remember.....


I can't even type all u need to know here, please read up oooo

aresa:
Cutting cost means saving billions we pay out in form of fraudulent estacodes and other official looting schemes. Governors, agency directors, ministers and even the presidency organizes jamborees for themselves and their personally hired cronies specifically to pocket estacodes. Many government officials make almost same like their official salaries in one year off estacodes alone.

Cutting cost means instead of flying to Abuja with tons of aids and collecting estacodes for officials engagements including security council meetings, let them do it via video conferencing.

All the ministries practically seek conferences to jamboree to every month just to loot and collect estacodes. Cut out unnecessary travelings to attend irrelvant conferences.

Cut out embassies in places like Mali budgeting for railway and boats that doesn't exist

Cut out foreign ministries budgeting millions for fuel and generators in countries where they have uninterrupted power supply.

Cut out ministries and SGF offices looting billions every year by replacing thousands of computers and overcharging for 2 dollar softwares. Computers shouldn't be replaced every year unless absolutely necessary..

Cut out re furnishing, rebuilding and reflowering VP's, speaker of the house's and the senate president's residence every year.

Cut out ministries and agencies hiring consultants/ cronies with billions just for the consultants to send the money back into their pockets to do everything instead of government officials within the ministry sitting on their assess doing nothing..

Hiring consultants is the new and most profitable looting scheme in Nigeria today.

This is why the government spends 90% of the yearly budget maintaining themselves while Nigerians scrambles for the remaining 10% that they still loot anyway.

This is the reason why they can not spend anything on any project or program to better the people, the money is just not there.

Nearly everything GEJ awarded was done with loans from china from billions of dollars to on kpangolo railway to repainting airport, power plant, $500 million abuja cctv toy scam and so on.

We still have subsidy scam, oil theft, revenue diversion, unaccounted fees collected by federal agencies and parastatals and so on..


No, they don't have to lay off any civil servant to save billions and even trillions....

taharqa:
OLODO, d OP 'didn't try' cos the OP was very wrong.

That's what we have been trying to say from the 1st page. Can't you read??

Obiagelli:
Except i don't know i to interpret your figures, all i see here is 40%

doctokwus:
Yeah.Accurate data base has always been our Achilles heel.I found it amazing that even with d pvc at d last elections, election riggers could circumvent d system using even open faced fraudulent means.
But d fact is that our tax base just has to increase.Its curious that d colonialist and even our pre colonial institutions depended on rigorous enforcement of tax revenues to run regions and govt's, but in these modern times,we av more tax dodgers than payers.
VAT too has to go up,even if slightly.I would have suggested a sectorial,differing scale increase: luxury and non essential items could go up to 15-20% while consumer goods can be 7.5%
Leakages plugged
Mining and agriculture should see heavy investments.
Fuel subsidy should honestly go or be gradually phased out over a 4yr period.I would prefer outright stop because it would make prices to be competitive faster and heavy investment in refining industries which would ultimately even bring down domestic prices or at best keep them at current rates,sooner rather than later.
Something drastic must be done about d cost of running our governments at all levels,its damn draining on d economy.
Etc