₦airaland Forum

@OP, great idea. I can link you up with a godfather in Enugu south. I am from Abia so there's no conflict of interest. Here's my number. 07030ANGEL0

Mods please, move this thread to Business section or Technology market for more appropriate viewing.

aze: Clowns are even trying to rubbish their network with more ridiculous data plans. Id1ots

Not everyone takes rash decisions like you. People are employed to plan these things.

..

Cos they watch so much nollywood where the narrative revolves around people who are out to get you.. On a serious note, if nigerian girls can tune out nollywood in favour Top Gear and Premiership..etc. They will learn a few things about sportsmanship and simple things like chilling out.

Orikinla: [size=18pt]The NYSC KITS are why the corrupt government insists on the continuation of the dysfunctional service, because they make billions of naira from the contracts every year.
These people are plain crooks who have no class and no taste.
They are apes in the corridors of power.
They are not capable of any respect.[/size]

guy you need a little more sex than your getting now. Always spitting fire on the net

going.? in what direction?

plans shelved till further notice...

190-the-clown:
[color=RED]
I WILL NEVER BUY THE WOMAN I LOVE RECHARGE CARD - NEVER [/color]

My thoughts as well.

swtchicgurl: gross!!!!!

i wonder how people think sef!

Lowlife, Bugger off!

I swaer I remember his nephew D'Banj from 'Endowed Rmx' video

Dude came home for thanksgiving the other day and spent some time with his parents and cousins in Mushin.
Give it up for Rozay.

quit church early 2000's. Total waste of precious tym.

Profidada: What borders me most is this issue of honey moon. You see a couple during wedding only for them to disappear into tin air with their cell phones switched off all in the name of honey moon. Some find themselves in hotel fucking without telling anyone their location. What if something strange happens where will the necessary assistance come from.

Damn, i havent laffed for some tym on dis site! This one got me.

Irresponsibility is placing ur family on garri diet after donating your annual salary to the work of god.

if i carry dis picture go market, how many cups of garri will it fetch me?

nawa o, pikins wey dem jus born tuday don manage to dey ban their seniors...smh

currently checking the availability of www.gariland.com...

Seun: When it first started, it was fun, but it's been taken much too far, so we have no option but to end it before people start leaving NL.

Before which people start leaving? So we even have an anti-garri cabal on NL. SMH! My dear Seun, it's absurd to think that there is a certain garri-allergic elite who are carrying nairaland on their shoulders.. And it is pathetic of you to believe that their opinion affects the price of garri.

Asif the weird censorship is not childish enuf. No make me enta market begin price garri dis night o.

Agiliti: now i see why so many guys are always complaining of the price of garri.
even wowor babes can find mugu whose sole purpose is to spend his whole salary taking her "out" while he goes home to soak garri

You are hereby nominated to 'Special Committee on Price of Gari.'

[size=24pt]NNPC/Capital Oil kerosene distribution deal, has been going on in Kaduna and other cities. TA Orji is a thieving clown.[/size]

una no hear wetin sanusi broda talk for page 1

"Mineral is mineral"

Very tidy decision, tubaba!

Hope i havent heard the last of freecocoa on dis thread.

I feel you man, i lost 11days on their 30day 3gig plan, customer services was useless as they did not offer solution. Didn't stop them from cutting me off yesterday with no compensation whatever. MTN suxx.

How can somebody be writing a so-called 'diary' and he has already declared what is to come?

Mr. OP, You made a very tedious effort in your presentation of this topic and I must commend your effort; in summary you believe to have given cogent reasons why the Fuel Subsidy must live on. Let me rehash,

[ Subsidy = PMS Landing Price - Subsidized Price ]

*Subsidized Price*
The price you and I pay for fueling our cars, generators etc. This price is a shelter provided by FG to shelter Nigerians from paying the PMS prices that are obtainable internationally.

*Subsidy*
The price difference paid to the importers of PMS to keep the subsidized price which is currently N65 per litre. It is important to note that this difference is borne by Income Tax of Working Nigerians (the real burden of subsidy as it stands today, hence why are we averse to it).

*PMS Landing Price*
The price at which the NNPC offloads refined PMS from importers for distribution around the country,  Assuming the Landing price of PMS is N120

Thus, Subsidy = N(120 - 65) i.e N55.

Your claims are as follows:
a. Importers declare more volume than is actually offloaded.
b. NNPC is under-reporting local production of PMS
c. NNPC officials & Importers are selling our excess production back to us.

Fair enough, this is corruption and it happens everywhere, not just Nigeria. However my problem and indeed your problem and the problem of every Nigerian is: "how do we quell this corruption"

1. The first claim - 'a' could be sorted out if the NNPC/importers are properly audited.

2. The other claims 'b & c' are there because the subsidy is the attraction. Remove subsidy and your "corrupt" NNPC officials wont have any gain from under-reporting production.

That said the dynamics of subsidy is such that once removed, there will be a surge in PMS price which will spillover to the rest of consumer prices in Nigeria. Indeed it will be painful (at first), but we are already paying twice for it now in the form of so-called "subsidy" [see *subsidy* above], in the form of unemployed youths that could be taken up at the refineries, in the form of forex that we are losing to importers instead of earning from the exports of refined PMS, etc.


Removing the subsidy will really help this country in the long run. But we must immediately figure out a way to resurrect our refineries FAST so that local production will assuage the lack of subsidy to a price of about N80 which oil producing nations currently enjoy from their own refineries.

I typed this in a hurry, would have loved to elaborate more, but if I have the energy and time, i'll definitely come back to this tomorrow.

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