₦airaland Forum

401kk: Thanks Jarus for bringing this to nairaland.
SLS made some points quite well but I don't agree still.

First of all how will this reduce the cost of printing and managing currency?

freecocoa: Nna menh but why will you just follow total strangers you are meeting for the first time to a hotel? Two men for that matter, even collected juice from them.

No offense to the dead lady but that's just plain dumb.

ignis: Please tell him... Am not sure he has attended any geology lecture in his life. If not how can one say that diamond is formed when coal is subjected to high temperature and pressure? He even made a mess of himself by saying that when coal undergo orogeny it it gives rise to oil and gas. SMH.
He does not even know common geological timescale. Even most people who are not geologist have geological timescale at their finger tip, not to talk about somebody who claims he is one.

Sealeddeal: Its not government problem not to have fought the militancy or to have granted them amnesty.its just government problem to have created an environment where somethings(violence) of this nature thrives.Nigeria govt failed in developing nigerians and have inadvertently fueled violence in many forms.the big question is,do u think dat govt could have fought and defeated Niger delta militancy by now? Do u think dat the recorded height in oil exploration is not direct implication of reduction of militancy operation in niger delta? Knowing fully dat many of the 21st century insurgency have not been defeated by any nation,why dnt u think dat amnesty granted to niger delta militant was right step?the militancy in niger delta was equally being fueled by foreing country who gave them military support in exchange of oil,so du think dat by now dat nigeria will still be producing oil?this kind of issue existed back then in Los angelis in USA and their Mayor offered them amnesty to drop their gun in exchange of some dollars.but recently,US has been able to put themselves in order and as such,they no longer negotiate for such incidence because they are sure they have provided for their people and have as well sedured their territory.Nigeria will continue to negotiate with criminals until they put their house in order to the extent of guareteeing optimal security to her citizen.Dats equally,the same reason why i am always of the opinion dat govt should negotiate with BH.because if the violence lingers,people will continue to die,money will continue to be wasted in security/property,Econony will continue to decline and those hoping to get may not get one while those who already have but in a crisis ridden region will continue to be threatened to the extent of losing their job.nigeria have not put appropriate security environment to prevent insurgence or tackle violence.So,i support the amnesty given the niger delta militant.

Habybullah: Gambo Sawaba was a great nationalist! She even lost her Womanhood to the struggle! I am not from the north but I ve read about her. You should do same also b4 coming to run your tribalistic mouth! The major question should be "do we really need 5K notes?!" What effect is it going to have on an already failing economy?" Personally, I think Sanusi just wants to go down in history as the CBN governor that introduced the 5K note!

norrisman: Sometimes I want to give up on Nigerians cause it seems most of you guys are illiterates! I dislike Dangote because he is one of the people that have ruined you country but in this instance even if he somehow manged NEPA to direct all avialble electricity to his factory (I doubt this is actually possible otherwise Aso Rock wont need generators)he has done absolutely nothing wrong.

He is being supplied with electricity which he is paying for. If he is indeed depriving residents of the area of electricity, you may say he has failed in his social responsibility but definitely hasnt done anything illegal or to be castigated for.

You morons should be cursing your thieving leaders and not a shrewd businessman.

okpara ugo: Lord send me money so that lazy people will yell at my name on front pages of dailies. Amen

PapaBrowne: Ok so these guys are paid like 50million dollars yearly. How is that a big deal? Or should they go back to the creeks? When they were in the creeks they were earning much more. Nigeria was producing just 700,000 barrels daily. Today we have added 2 million barrels to that. Because these guys are paid 50 million doillars yearly, we are now earning approximately 200 million dollars daily which is 70 billion dollars yearly.
My brother, it is only common sense to pay them. The FG doesn't have the capacity to manage another Niger Delta crises. The country will collapse in a second if that happens again. Trust me, this era is different from 2008. In 2008, we didn't have 18,000 as minimum wage neither did we have the Boko Haram scourge!
Anything to keep them off the creeks is just fine. Trust me that figure is way below the real figures. Over 1 Billion dollars is spent to keep them off the creeks. But it is worth every penny as we can see in our improved oil earnings!

asoderock: My point is that if a marketer is found to hv made fraudulent claims, the federal government is very much in order in trying to recover such claims, and deducting same from such marketers current genuine claims is very much in order. It is also appropriate to bring to book any government official found to have colluded with the marketers in defrauding the nation. If the marketers resorts to influencing NUPENG to go on strike, it is blackmail.

Reference: The question still remains. Who exactly or what exactly is NUPENG. And what exactly is their role in this petroleum products supply chain.

Because, before you declare war you must be armed and your intel sound. If they are not a party to the massive looting going on there, cabal or no cabal, they should call the names of those involved, government or private sector. I dare them.

asoderock: You are the one reasoning like aboki. So if a marketer presents a forged bill of Laden with duly signed documents by compromised NPA, DPR or NNPC officials to ministry of finance, how the hell is the minister to know at that instant that those officials compromised. Have you not seen a case where somebody used forged certificate to gain admission into higher institution? so if it is discovered along the line that the certificates were forged he shouldn't be punished by the School authority simply because those in charge of the admission admitted him unknowingly or compromised?. Stop talking crap and call a spade what it is.

Let me take it slowly and in simple parlance:

1.) If it cost say #30 to produce a litre of PMS locally and when we factor-in transportation and storage, everything lands at #50 at the pump. (Total Real Cost). If l then pay #50 for that litre of PMS, l am not enjoying any "subsidy" but lf l pay say #40, l am enjoying a #10 subsidy.

Now, in Nigerians case currently, what we pay at the pumps is TRIPLE the "real cost" of the PMS, when produced locally.

What happens is that some group of "powerful and influential Nigerians" (read: CABAL) got together and formulated a plan whereby our Refineries are destroyed out-rightly or made to produce below "half capacity" and because they have "members in the ruling government, at all times", they ensure the nation never builds New Refineries!

The import of these is to create ARTIFICIAL SCARCITY, so as to pump-up price (Demand and Supply laws).

To give us the illusion that we are been subsidized,

*these Cabal members then set-up PRIVATE Refineries nearby, around the West African sub-region (Guinea, Angola, Ghana, Liberia, e.t.c), after looting our treasury

*They then bunker (steal) our crude oil and refine it at their own "private Refineries".

*These refined crude is now "labelled" IMPORTED PETROL and MUST be sold at "International price" (as against "Real total cost" at "local" production price).

*The same members of these Cabal in government now earmark billions of naira as "SUBSIDY FUND" to be paid to these their "conniving friends" (since they have shares in all these off-shore refineries and help them to STEAL our crude (they dont pay "international price" nor even "local price" for the crude), being refined for us!)

*To compound matters, some of these "subsidy thieves" actually siphon locally produced PMS (from our local refineries working at below capacity), load it unto their ships, set sail for the "seas" and do a U-Turn just off the coast and voila! That PMS starts enjoying "Bonus Subsidy", its now imported PMS!

Government says "if l remove subsidy and save the x-amount", l will use the money to build more Refineries.
But the "man on the street" says since your "subsidy scam" is all premised on the fact that our own local refineries are rendered obsolete and new ones not built (when was the last Refinery built in Nigeria?), you're just trying to create another scam since you dont need to raise the price of PMS by 500%, to build a new Refinery!

We sell crude oil at the international market, to other nations and we have been doing so at a production rate of 2.2 million barrels per day (averagely) for donkey years; take out of that proceeds and commence the building of at least three refineries. If you had done that, there wont be much left for you to loot, will there?

Any company that wants to "sell PMS" should source for money and build its own Refinery (it does not have to be a very big one) and let it buy crude oil "locally in Nigeria", refine it "locally in Nigeria" and SELL SAME AT "LOCAL PRICE TO NIGERIANS". End of story. Alternatively,let the government build more refineries, if they are not part and parcel of these scam.

You cant say you're a "Petroleum marketer" (like Otedola) and steal our crude, refine it at OBJ's Refinery off W/African coast and then bring it here to sell and still collect "subsidy" or even out-rightly just be collecting subsidy even when no PMS was imported! (that one is another story!).

By "removing a non-existent SUBSIDY" (from the view point of the end-buyer), Jonathan is simply transferring the source/burden of payment (of that phantom subsidy) from Government coffers, to the end-buyer, the common man. THE SCAM IS STILL INTACT!
.....but the "man on the street is being suffocated to death....this is where most commentators "miss the point". (or pretend to miss it anyway!)

If Jonathan wants to do "the right thing" he should have commenced the building of Refineries (set a target of 3yrs for example) and when built and running, SIMPLY ENSURE THAT PETROL SELLS AT THE "REAL LOCAL COST" OF PRODUCTION. of course, that would be at about #40/litre maximum.......but he is a beneficiary of the "scam", so how can he do the obvious?

As for NUPENG, they are just "shouting for their own slice of the scam"!
Remember what Adams Oshiomole did during OBJ's regime? He was then, the NLC President (the father umbrerra of all Unions, including NUPENG!).

Having collected his own share of the loot, (that reminds me of Reuben Abatti too!), he invested it wisely and today, his "investments" are yielding fruit, as a STATE GOVERNOR! So, you think the current NUPENG leaders are not as smart as Oshiomole?

Siddon there dey look, train don pass you finish!

Lastpage!

asoderock: I disagree with u about government withholding marketers funds unjustly; Government is only withholding current claims of marketers who made fraudulent claims last year and therefore needed to refund same(Even though Jail should be their place). Or u rather government simply allow them get away with the fraudulently claimed billions in the midst of overwhelming evidences. Before u start “the accused is guilty until court proves otherwise mantra,“ I would have u knw that there is overwhelming evidence including the British based “Loyd Maritime Intelligence“(that keep register of ship movement around the world) which shows that, many of the ships(Mother vessels) Marketer's claimed to had loaded pms from, were either already “scraped“ or thousands of miles away from Nigerian waters, at the time they claimed the loaded from the ships in the gulf of guinea. Many insiders will easily let u know that these things were very rampant. In the face of all these, would you rather the government simply forget about these huge fraud perpetrated by some of these marketers and go ahead to to pay their current claims completely?

Reference: Said it in January that no one will come out of this looking peachy but Nairaland teletubbies won't have any of it.

But am really confused here who really is the masquerade called NUPENG that was seen dancing back then, the high priest, the town crier, that man who has the largest yam barn or Igwe himself. This drama is getting blurred by the minute.

Who or what is NUPENG, what do they do or what have they done in this caper.

Countryman93: Well Nigerians deserve every bit of the hardship and even more since we have decided that we should not move forward as a people. Like it or not this subsidy removal remains the easiest way of ending this kind of unwarranted strangulation by a click of people. I lost my voice preaching to my brothers and sisters to see the light and handwriting on the wall during the occupy Nigeria madness in January when the masses were used to frustrate and derail a timely opportunity to put Nigeria on a hybrid of transformation. I was nearly lynched by my fellow country men and women.

Not too long Nigerians will awaken to the painstaking realities of building a new Nigeria which can only be birthed by our collective sacrifice and solidarity with good but difficult policies. All over the world no govt is trusted but other people give their govts blind trust allowing them to run their programs and ideas then oppose them when it is not yielding results! But nigerians want a policy that will yield fruits the next day! Even the Israelites had to trek to the promised land. Untill Nigerians learn to give govt a chance we will be in perpetual strangulation of the evil and greedy establishments!

This is not Nupeng but the evil and greedy establishments who have vowed to remain a residuary of power and resources in this country! May God minister to Nigerians to use their strength well! Instead of being deceived easily to keep occupying and blocking their future!

noblezone: hahahahahaha.
You are amusing me so much?

Nigerians are really so gullible. So you think that the problem is that government did not build refineries?

Bros, we have refineries but the the people that work there, are working hard to make sure that the refineries are not producing. Now bros, do you know who work there? NUPENG

Do you know how much government invested in NITEL? Do you know who ran it down? NLC and TUC members who work there.
Do you know how much government pump into PHCN? Do you know who make sure that PHCN under perform? PHCN workers of course.

Do you know why Jonathan want to make sure PHCN goes into private sector? Do you know why PHCN workers are against the idea?

Hahahaha.

Bros, there is more to it than what you think.

warrior01: I've said it and i'll continue to say it; the hypocrisy of the so called civil society groups, Nlc and the so called opposition parties is second to none. Gullible Nigerians were deceived in January with the so called 'occupy nigeria' and events today have shown the world who they really are and whose interest they are serving. Even here on nairaland, I bet you'll not see the any comment condemning this treasonable act from the anti-GEJ goons. Thank God sincere Nigerians now knows the camp that have the interest of this country at heart.

coolted: Is these all? Where is nairaland that always have a tin against Gej. Why not stand up against these blackmailers. Common sense dictates that u have to clear outstanding debt b4 u can open another but for their greed...
2moro they'll cook rice n some chiken for touts who would come out massive to support their greed. Mtcheeeeee!

VUVUZELA10: The government that can break the chain of blackmail will probably be best. NUPENG beware.

jamace: Why is NUPENG concerned about SUBSIDY PAYMENT TO FUEL IMPORTERS? Has NUPENG been bought over by the oil cabals?

bittyend1: Why should they go over there an die, and get forgotten about the next day by the same ungrateful Nigerians who don't care about their service men and women?

How much do you pay these people? - they're Nigerians as well NOT slaves!!

Why can't you go to the troubled states with an AK47 and a salary of 12,000naira p/m to defend your country, huh? Are you not Nigerian?

ayox2003: ROSSIKE


Do they know that Nigeria also has the best foot soldiers in the world?


Thank you o jare!



Frawzey.

bittyend: Nigeria is stupid country where everything works backwards!!

Your unsung heroes are the low ranking people in the Armed forces and the Police force - who risk their lives to protect you guys, despite being underpaid, but you won't worship them.

Yet you worship thieving bastards in high places who have looted your national wealth, for their own greedy exuberant lifestyles.

A country psychos!!

Bukkyade: Mr. GBAWE, how can you ever say that GEJ and Allison Madueke are the cabal. The identity of the cabal are not hidden since the subsidy reports broke out. They are common knowledge. Mention any one out of these companies that can be linked directly or indirectly to Jonathan or Diezani.1.

1. Petroleum Ltd 2. MRS Oil and Gas Co. Ltd 3. Aiteco Energy Ltd 4. Eterna Plc 5. Forte Oil Plc 6. Rahamaniya 7. Sahara Energy Ltd 8. Oando Plc 9. Folawiyo Energy Ltd 10. Geacon Energy Ltd 11. Northwest Petroleum and Gas Ltd 12. Venro Energy Ltd 13. Brittania-U Nigeria Ltd 14. Lloyds Energy Ltd 15. Majope Investment Ltd 16. African Petroleum Plc 17. Masters Energy Oil and Gas Ltd 18. Pvn Capital Ltd 19. Sirius Taglient Ltd

20. Tempo Energy Ltd 21. Bodej Investment Ltd 22. Practoil Ltd 23. Avidor Oil and Gas Company Ltd 24. Colbert Energy Ltd 25. July Seventh Oil and Gas Ltd 26. Mecuria Global Energy 27. Moats Oil and Gas Ltd 28. Rainoil Ltd 29. Xalon Petroleum Ltd 30. Xavier Energy Nig Ltd 31. KMCL 32. First Independent Nig Ltd 33. Tahill and Tahill Nig Ltd 34. Aquitane Oil and Gass 35. Quagga Oils Ltd 36. Reliance Petroleum Ltd 37. Crustream Nig Ltd 38. Dan Oil and Petrochemical Ltd 39. Midas Oil and Gas Ltd

40. Nupeng Venturers Ltd 41. Vita Cam Services 42. Viva Energy Ltd 43. Tamil and Tamil Nig Ltd 44. Fargo Int. Ltd 45. Mezcor Sa 46. Absaf Petroleum and Company Ltd 47. Delmar Petroleum Company Ltd 48. Tamzila Petroleum Company Ltd 49. A.A Rano Nig Ltd 50. Fatgems Pet Co. Ltd

manmade: Here cometh the Daniel of our time !. Many were called but only few were given the brain to solve problems, u are one of the few.