₦airaland Forum

An ex-militant group, known as the “Third Phase” of the Federal Amnesty programme, Bayelsa State chapter, has condemned the action of the ex-militants against The Nation.

You are joking right? If you are then I'm cool with it but if not then i cant help you. I have done all i think possible. Another way out for you is if you know any informed staff of Kaduna refining and petrochemical company or warri refining and petrochemical company or Portharcourt refinery. call them up and ask them maybe they will do a better job than i have in trying to make you understand that even if you have 1000 refineries, and as long as you sell a litre of petrolfor N65, then the government will continue to subsidise. Now the subsidy may not be as much as the figure the government quotes right now but subsidise, the government must.

Moral of my story, you cant refine crude oil, incure the FULL costs associated therewith, sell at N65/litre and still make a profit.

Moral of my story, you cant refine crude oil, incure the FULL costs associated therewith, sell at N65/litre and still make a profit.

With Shell, the ratio is 55%:45% in favor of FG. With Exxon, it is 60%:40%, with Total it is 60% to 40% with Chevron, it is 60%:40% with Agip, it is 60%:40% all in favor of FG. The average of that isn't 51% in FG's favor. It is much more like 60%. That is arithmetic not even mathematics.

Now to the big one. Please be humble enough to go back to my first post on this thread. In my attempt to prove that the pump price of refined petrol is higher than the N65 we buy at right now, i didnt use the price of crude at the international market in my analysis. I used 65USD and not 96USD that you said i used. It really pays to calm down first and get one's facts right before attempting to critique one's opinion.

With that said, i feel using 65USD as against 96USD per barrel of crude oil in my analysis is enough compensation to us for producing the crude oil. Further more, i didn't factor in energy, remuneration, tax , Distribution and marketing costs and profit into the analysis. By the time i factor in all these costs, do you still think that we will arrive at a pump price of N65 per litre

If i get you right, are you saying that it is possible to refine crude oil into petrol and other distillates, and sell petrol at N65/litre and still make profit? This question requires a yes or no answer and i need your answer.

Next, you got the joint venture ratio wrong. It is roughly 60%:40% in favor of the Federal government.

Nigerian Govt is entitled to an average of 51% of the 2.5million barells produced daily which amounts to 1.275m barells daily

Third, you posited that from 1 barrel of crude oil, we will get at best 30% of petrol. My initial analysis assumed that 159 litres of crude equals 159 litres of petrol and yet i arrived at a pump price that was higher than the N65/litre that we buy at presently. If i were to do the analysis again with the assumption that 159 litres of petrol equals 73 litres of petrol, will our final pump price not be approaching N200/litre? Please remember other factors such as energy, remuneration, tax and profit margin that will come into the euqtion.

Fourth, i stated in my initial post that before deregulation and the benefits therefrom can be fully achieved, corruption MUST be fought to a standstill and we both know that that is a near impossible feat to achieve. Not with the present crop of possessed, blood sucking, greedy kleptomaniacs with insatiable appetites. Deregulation without fighting corruptiong is only making life harsher and more unbearable for the average nigerian.

FYI, i voted for Buhari in the last election. Not because if elected he would give us power, good roads, nice hospitals, standard education? NO. I voted  for him because i knew he would fight corruption head on. Even if everything else comes to a standstll and we record tremendous wins in the fight against corruption, guy I'm cool with that. We can not and we will never progress as a nation unless we fight corruption. The earlier nigerians got that the better for us all.

^^ yes.

The reason naija is the way it is is because there are more serious fetishists than serious Christians.

There is a mystery to prayer and corporately beseeching the only Good God to come to the aid of a nation. I will try to explain:


A modern time reference to this mystery is the USA(Aka America). America was once One Nation Under God.
The forefathers founded the nation and principles on solid Christian values. America was a corporate entity built from the ground up with unshakeable Christian Foundations.
The very civilization was built and crafted in honor of God, and God, never failing to commit to his part, made them the envy of all nations.
They became the world super power, the entire world used their currency as a global reference. By the precepts of their forefathers, THIS is why the nation was so blessed and favored by God among all other nations. (They've certainly neglected these precepts now and have become sodom et gomorra incarnate, hence, like every other civilization that goes this route, begins their downfall, but that's anther story).

Now the nigerian forefathers, what did they do? They were busy serving demons. Calling on demons to have free reign on their generations after them.
And thus became introduced the enemies of all things good into the very core of the country generations onward. It was inevitable, the state Nigeria finds itself in. The politicians you are blaming are simply a product of a still very nasty Spiritual environment. Imagine people who go to church also going for babalawo rituals and feeling nothing wrong about it. You cannot physically shoot your way to a new spiritual environment, you can only spiritually war yourself , hence the need for prayer.

In summary, the prevalence of what a nation practices determines God's favor on that nation. If we keep on having more fetish practitioners than we have true Christians crying out to God for more than just the typical "bless my pocket and make it fat" prayers, how then can naija be healed of this cancer?

Surely I tell you that whatever "smart" ideas you think will solve this country's problems, if not backed by intense prayer from contrite hearts to shift the forces in place, it will fail.

This is not actually rocket science and we've said it on this forum many times!  Let refineries work. We should be exporting fuel instead of importing.  Rather than address the issues militating against exporting (refineries), they are flexing muscle on removal of subsidy.  This is one of the things they must address before talking about subsidy.

On another note, how come it's very easy for them to consider the removal of fuel subsidy but it's not convenient to reduce the cost of running government?  How come they find it difficult to police the borders? How come it's not easy for them to audit NNPC or the fuel subsidy accounts?  Who are the beneficiaries?  How come fuel subsidy bill went up from N600billion last year to over N1trillion this year?

How's the alternative energy source - electricity? What's happening on this?

Who knows, the removal of fuel subsidy (if government insists) might be what is needed to open the eyes of Nigerians to their suffering and the fact that they (Nigerians) can do something about their thieving, uncaring, and unthinking politicians masquerading as leaders.

I cant agree more, u see, this miscreant Jonathan is too daft to realize the consequences of his proposal, the bottom line is that there is high demand for fossil energy in the country simply because the Govt itself has failed to provide stable power.

Nigerians buy more PMS for Gen sets than cars, there are families that cannot afford a car but can afford different sizes of Gen sets and these translate to higher demand on fuel.

the masses have died and endured CO asphyxiation from Gen fumes for ages while waiting patiently for the Govt to be responsible, in the end they looted all the money proposed for electrifying the country.

I was in warri over the weekend and what i saw on the street protesting against uduaghan was unprecedented, dont you ever dare a hungry man, Gone are the days Nigerians don't revolt, lie, Nigeria has successfully bred militants,kidnappers,bombers etc which defied our military.

though i anticipated jonathan to end like this reason i didn't even bother voting for him, don't think your hungry police will save you when the time comes  just one Gun shot and NATO takes over, glad Nigeria has oil reason enough for NATO to come and give the masses "DEMOCRACY" when you start shooting. if in doubt ask Ghadaffi.

we are one of the biggest gas exporters in Africa, the criminals in power only benchmark their budget prices on oil and nobody talks about Gas, the Nigerian LNG is keeping europe and Asia afloat on Gas exports yet we don't see those figures hardly do we know how it translates to revenue for the government.

whatever the state governors think , fuel subsidy is a necessary waste that could have put the govt on their toes to seek for a solution fast.

reduce the demand on fuel by providing electricity that way the amount of fuel you subsidize will reduce drastically thereby reducing the cost of subsidizing them.
quickly encourage local refining, if the militants could do it in the delta why cant the govt? by so doing the imported ones will lose patronage and everyone comes home.

ironically, when the revolution start, the likes of the Govs forum and the okonjos will begin to chair our NTC while you go into hiding in Bayelsa state. be wise be wise

the die is cast, remove subsidy and NATO will give us "DEMOCRACY" useless man

Please go get for yourselves lives. The people he ruled over for 42 years are not complaining . . . na you go come matter?? Abeg shove it and look for the day you can become master of your own domain there for naija first. Grin Grin Grin

Very wrong. For Nigeria to change for the better, it has to start from its most basic unit - the individuals. And from there, the families then to the society at large. Waiting for change from Aso Rock is just another convenient way of shying away from the hardwork and responsibility required in bringing about positive change.

you seriously think that if Aso rock jails your father for embezzlement you will still make it corrupt?
you don't understand why it has to start from the top.
Most Europeans and Americans think like Nigerians a lot, they enjoy cutting corners just that they have a system that will not allow that, that system is designed by the Govt not individuals. the people are acting without a choice.
Do you remember how many times Nigerians attacked MTN back in the Days? today MTN has a system in check the resultant is every person buys airtime. it is that simple, Go to PHCN, in connivance with their Staff, 90% of their customers don't pay bills, it is possible simply because there is no check.

Like I told some Jonathan's Apologists, fighting corruption is no rocket science, it is all about your ability to figure out some system checks.
Bottom line is; an average American officer will hold back a the ticket for a bl()w job but simply wont do it because it can cost him his job, that is a check.

All Nigerians are corrupt o yeah!!!, how about bank staff that sit around billions on daily basis, tell me they are not Nigerians, but a system is in place to ensure that you don't take a kobo without consequences, even children that grew up in "face me i face you" like someone mentioned above gain employment in the bank but drop those tendencies at home.

Eradicating corruption is all about system checks it doesn't matter what the individual is.

If you think these Europeans and Americans are clean then you must be delusional, A multinational company i worked for sometime ago has in their payroll 26 expatriates of 11 nationalities mostly Europeans, Few Americans and a few Asians.
NONE of them has a valid work permit, all it takes is the immigration officers visiting accounts every last Friday of the month, trust me those guys have been around for more than 10yrs .

Maybe he wanted to say KEKE NAPEP or BAJAJ motorcycle . . . !