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PoliticsRe: Mele Kyari: NNPC To Construct Africa's Largest Gas-Powered Plant In Maiduguri by Latvin: 11:32am On Apr 10, 2021
MansoryMX:
We are not talking about the useless railway in a country with zero infrastructure. We are talking about oil and gas sector. Name one project initiated by this administration?
I am talking of NLNG train 7, you are talking about railway lines.

I can't continue with this conversation if we are arguing about basics
PoliticsRe: Mele Kyari: NNPC To Construct Africa's Largest Gas-Powered Plant In Maiduguri by Latvin: 11:20am On Apr 10, 2021
MansoryMX:
The project in Bonny Island have been in Establishment even before we got into democracy and Obj setup the rest still going on there till date. I will ask you again, name one new project in Niger Delta by this administration?
The one I am talking about is the new train 7 to be built in addition to the existing 6 trains. Train 7 will cost over $10bln.

I can keep giving you examples of many projects executed in the South. There is a Masterplan that has been in existence way before this govt came into power. It is being executed in stages
PoliticsRe: Mele Kyari: NNPC To Construct Africa's Largest Gas-Powered Plant In Maiduguri by Latvin: 9:42am On Apr 10, 2021
MansoryMX:
Name one of the newly established project by NNPC in the South?
Govt, either through NNPC or NCDMB have stakes in many of the modular refineries now coming on stream in the South. NLNG Train7 is a $10bln investment in Bonny. There is a massive pipeline connecting East to West which is nearing completion(the precursor of AKK). Even if many disagree (including me), govt will spend $1.5bln to rehabilitate PortHarcourt refinery. There are a lot more like that being financed by NNPC.
PoliticsRe: Mele Kyari: NNPC To Construct Africa's Largest Gas-Powered Plant In Maiduguri by Latvin: 9:36am On Apr 10, 2021
spacechuks:
In that case, you had better make use of the gas found in the north, dont bother to tap from our lines,

It does not make any economic sense channeling pipelines from the delta to far north ,

We have gas in abundant here in the delta that could last the next one million years , yet the federal govt stopped niger delta states from utilizing the gas for power generation to serving the delta states ,

Rather they want to use it to generate power for bornu state who inflicted self destruction on themselves because bokoharam fight is baseless, while this was the same reason they gave them north east development commission which makes use of oil proceed to develop the north east under the guise of bokoharam destruction,

It is finish for this country
Somebody explored for oil and gas in the South before it became available. Pipelines are built from gas producing areas to serve communities and even countries far away. Examples abound all over the world. Oil and gas will soon become less desirable just like coal so the more you can use to industrialize the whole country and not only 'our' state(s) will do everyone a world of good. The question to ask is if those consuming that power in Borno and other states will pay for it. This mentality of it is ours is what keeps us backward. Many of the communities in the SS will want power to be given freely by govt and oil companies. That mentality won't get us far.

While some Southern States are complaining, Edo state went into a partnership with a power producing company to utilize its gas for power production which is supplied to the state. That is a Gov thinking like a businessman rather than sitting and complaining about how FG is stopping it from utilising its gas to generate power.
PoliticsRe: Mele Kyari: NNPC To Construct Africa's Largest Gas-Powered Plant In Maiduguri by Latvin: 9:26am On Apr 10, 2021
stanluiz:
Oga , stop being clever by half.

Most of these investment were done by private sectors. How can you build as gas power station in a terrorists ravaged state like borno ? Have they solve the problem of Boko Haram there.

What is the borno state contributing to the treasury of Nigeria ? This project is waste of money and resources because Boko Haram boys will target it and bomb it.
The 3 refineries, Eleme Petrochemicals, Notore (both first built by Govt before they were privatized), every single infrastructure by IOCs have more than 50% govt investment in them, most gas fired plants, thousands of kilometres of pipelines, seaports, NLNG (49% govt) and plenty others are/ were govt funded.

Did militants not bomb plenty infrastructure in the South? If you leave it to private hands, they will not invest massively in the North because the market is not yet developed. Govt's role is to open up areas and develop the markets. We complain about how poor the North is. With that sort of population, future opportunities abound. You have to step back sometimes to see it
PoliticsRe: Mele Kyari: NNPC To Construct Africa's Largest Gas-Powered Plant In Maiduguri by Latvin: 8:16am On Apr 10, 2021
The argument by many people here needs to be tested. There are currently many projects cited in the South like refineries, major gas fired power plants, petrochemical companies, seaports, massive LNG plants, numerous factories, major gas pipelines, depots, fertiliser companies, even several of Dangote's industries.

The North is largely underdeveloped in comparison with the South. To unleash our economic potential, the North has to be industrialised to an extent that it can wean itself off dependency on handouts. The country has gas in abundance, both from the rich Niger Delta or from newly discovered oil and gas fields in the North. Utilising gas for power is much cheaper and more sensible than solar or wind which are more expensive to generate and can't be anywhere near the same scale.

Rather than keep reading meanings to such moves, citizens should embrace it and ensure it benefits our people. The more regions of the country gets developed, the better for all. Attacks by militants on Southern infrastructure did not mean we shouldn't continue building them.

Finally, Mele Kyari the GMD NNPC is from Borno State so that would have weighed heavily towards citing the gas plant in Maiduguri. Afterall, this is Nigeria where some of the decisions get driven by such considerations.
PoliticsRe: Oke Umurhohwo: Will Buhari Give Atedo Peterside’s Suggestion Some Thought? by Latvin: 7:48am On Apr 10, 2021
Building medical infrastructure is only one part of the equation. Truth is, govt cannot provide world class healthcare all by itself.

With declining revenues, there are many things that compete for govt funding. Doctors, lecturers, judicial officers, police and almost every govt worker wants increased pay. We want all our roads fixed, we want pipe borne water, we want rails, airports, top class armed forces and the list is endless.

Guess what, all that needs money which we don't have as a country. The same populace dont want govt to borrow a dime and the same populace will not want to pay for electricity and properly priced petrol, talkless of paying their tax. Where then do we get the money to fund these luxuries.

In other places, healthcare is not free. Heavy taxes on the people fund the NHS in the UK. Health insurance is behind healthcare provision in many other countries of the world. Are we willing as a people to do the needful? Granted that current govt is not doing enough as per healthcare but if it properly funds healthcare, several other sectors will suffer.
HealthRe: The 10 Demands By Striking Doctors — And ‘FGs Responses So Far’ by Latvin: 5:36am On Apr 09, 2021
Such a sad state of affairs. Resident doctors constitute about 40% of Doctor population in the country so it has a huge impact.

FG has a duty to address their demands and meet them halfway. Surprisingly states like Abia, Imo and Borno are owing arrears, as much as 20 months in Abia for instance.

Long term, public medical care should be run like a proper business. Medical insurance schemes should be pursued vigorously to take care of access and operational funding. Govt to commit at least 10% of national budget over the next 15 years to Health to address part of the infrastructure gap.
PoliticsRe: Debts Exceeded Revenues In Lagos, Cross River, FCT, Others – FRC by Latvin: 3:57pm On Apr 06, 2021
soojar:
Nothing is wrong with the report because the author already stated the parameters used and he/she clearly states that IGR was not used because there wont be any means of comparison as a result of almost all the other states having too low IGR that can be used as the base in this instance.

You just used your own parameter of IGR now and you came up with 25.3%, your report too is accurate based on your stated parameters, it is when some people misinterprets it just like some illiterates did with the original report that is making them make some unsavoury remarks about Lagos that is when there is a problem.

So, it's not the report or the author you need to call out rather it's the illiterate commentators you need to educate
Because of the confusion that is being created, it would have been good for the report to include IGR even if insignificant for some states. The data is available and could have been used. A column each for allocation, IGR, total revenue and total debt would have painted the full picture. It will enable us see in addition to ratios, what strides are being made by each state to generate internal revenue and allow cross learning.
PoliticsRe: Ibom Deep Sea Port, $1.4bn Fertilizer Plant To Change Akwa Ibom’s Status by Latvin: 3:01pm On Apr 06, 2021
This is a state that is quietly collaborating across political divides to bring progress to its people.

Sea ports are on the exclusive list but deft negotiation with FG facilitated approval to go ahead and handle as a state. Surely, FG will part fund this project. This is an eye opener to other states who just wait for FG to come and do everything despite their comparative advantage in certain areas.

States like Anambra can do something similar with the Inland port at Onitsha, same with Cross River, Rivers, Delta, Bayelsa and other coastal states.

Akwa Ibom has focused amongst other things on road infrastructure in the past, invested in a viable airline and airport, now looking to industrialize via this deep sea port project, Methanol and Ammonia production plants, not forgetting the 200,000 bbls per day BUA refinery that will soon be constructed.

Indigenes should ensure the state govt stays focused on delivering on all these projects and watch the transformation of the state in 5-10 years.
PoliticsRe: IMF Excludes Nigeria From Debt Relief by Latvin: 2:17pm On Apr 06, 2021
Those 28 countries are relatively poor and impacted mostly by the pandemic.

It is good that Nigeria is not on the list as it is a middle income country. Being on that list is not a badge of honour. We should be pushing to be on the rich list
PoliticsRe: Debts Exceeded Revenues In Lagos, Cross River, FCT, Others – FRC by Latvin: 1:36pm On Apr 06, 2021
nitrogen:
USA has debt to revenue of 700 percent, same with other developed countries.

The right metric is debt service to revenue. If you can service your debt close to two times in one year especially in a low interest rate environment, no qualms at all.

Of course, judicious use of debt is encouraged.
Quite correct. Debt service to revenue ratio is the right metric as it allows a yearly view of financial health. Loans are repaid over several years, so a balanced way to look at it is by comparing projected revenue over those years of loan repayment. Moreso, as someone said, this does not include IGR, right?
PoliticsRe: You Didn’t Speak Like A Man Of God, Garba Shehu Attacks Kukah by Latvin: 9:29am On Apr 05, 2021
maasoap:
One, it is not your house.
Two, Nigeria is a country with law and constitution. If constitution says that it is okay, your opinion doesn't matter anymore even if it is your house.

The question still remains how does it hurt you?



The law is there to protect every one, not on anyone's side and not against anyone
I understand these are state funded schools though missionary run. To side step the constitution, these schools should stop accepting govt funds and run them privately. At least, no one can mandate any mode of dressing in privately run schools.
PoliticsRe: You Didn’t Speak Like A Man Of God, Garba Shehu Attacks Kukah by Latvin: 8:16am On Apr 05, 2021
Though Sheik Gunmi gets strategy wrong in many cases, at least he is doing something to help. I do not support negotiating and paying bandits, kidnappers and terrorists, but there should be some mix of approaches including carrot and stick approaches where appropriate. His meeting with OBJ and the outcome demonstrate his willingness to help and seen doing something about it. Perhaps it is the reason why he is less attacked by Govt.

I urge Bishop Kukah to do something similar, afterall he has brokered many peace initiatives in the past. Continously saying bad and negative things can have unintended consequences as it can further worsen an already tense situation and widen divisions and hatred. It also provides people like Garba Shehu and Femi Adeshina the platform to rubbish the revered man of God and claim he is playing politics.
PoliticsRe: Reno Omokri Leads #HarassBuhariOutOfLondon Protest In London; Police Called by Latvin: 2:18pm On Apr 04, 2021
SIRTee15:
U not making sense at all.
Nigerian healthcare problem is all about system failure.
And the responsibility of govt officials is to fix the system n ensure it works.

Abacha took up the challenge as head of state by building National hospital Abuja to world class in the 90s. The hospital was directly under the presidency and he made sure it had sufficient funds/facilities.
He proved that Nigeria can have a world class hospital if we want to.
Yardua via his wife was building a world class cancer specialist centre in Abuja b4 his demise.
What has buhari done as the most powerful man in nigeria? Nothing, he doesn't care. He continues to seek medical care abroad for his prostate cancer.

Healthcare workers are not saint, they will be slothful in duty if they know they can get away with incompetence and mediocrity.
But when the head of the country is not even up to mediocrity standard, what do U expect.

Defending buhari is getting harder by the day. But u Muslims dont mind stooping so low so u can continue with your ridiculous excuses for Buhari.

Admit buhari is a failure. U won't die if u say the truth for once.
I don't want to turn this thread into progress of health sector in Nigeria or lack of as it may derail it.

Health in Nigeria is managed at 3 levels - primary, secondary and tertiary levels handled respectively by Local, State and Federal Govts. Most of that is handled at the first 2 levels. FG has about 54 medical institutions (teaching hospitals, federal medical centres, orthopaedic and some specialist centres). About 33,000 medical facilities are spread across the country just to give a sense.

What many don't realise is that much as Nigeria wants to increase its budgetary allocation to the health sector (15% is recommended by global standards), the country has to prioritise how it spends its very scarce resources (reduced by about half since the last oil boom of 2010-2014). There are too many competing priorities that majority govt funding of health sector now is not a smart thing to do. Current focus is therefore on enhancing and aggressively implementing health insurance schemes such as the NHIS already in place.

Problem is, this hasn't been as successful as planned because of the disjointed coordination between all tiers of govt and focus on eradicating some diseases whose efforts are largely sponsored by donor agencies such as Bill and Melinda Gates foundation. Govt has to pursue this insurance scheme with more vigour by incentivising the private sector, bring more of our people from the informal sector (currently about 90% of population) into the formal sector by capturing their data, encouraging them to have bank accounts etc. The current NIN exercise is a good step but will require more work to start seeing the difference.

More medical infrastructure by FG will help but it is not the silver bullet. At the moment, in addition to a federal medical facility in each of the 6 geopolitical zones being built, NNPC and its Joint Venture partners are building 12 more across the country to be concluded in about 18 months' time. It is left to be seen how much impact this will make considering we have a $80bln infrastructure gap in that sector.

Whilst Buhari going or not going to UK for medical check up is open to debate, the key issues should be focused on by Nigerians rather than fixation on the President's travels. This Govt is doing something but not anywhere near enough.
PoliticsRe: Reno Omokri Leads #HarassBuhariOutOfLondon Protest In London; Police Called by Latvin: 11:54am On Apr 04, 2021
VTJN:
Yes we bagged the award on merit, you should be less concerned about the criteria. nevertheless, we have the best airport in Africa and hopefully we will get it globally, buhari is working tirelessly on that


it is the responsibility of the judiciary to do that, not you. Your duty is to follow up to know when the law take it's cause. just like the EVANS the notorious criminal, the law is still on his case,he will get his verdict at the right time

Endsars, JAGABAN, oil and gas and what you definitely fit into the discussion because we're looking forward to a better Nigeria. A better Nigeria isn't only about functional healthcare, a better Nigeria isn't only about quoting Your president what he said during election campaign


Lol, so you still want me to spoon Feed you after preparing a delicacy and palatable food that is well garnished, capable of awokening as well as to restore the lost appetite of a sick person?

nonetheless, i will be nice like our kind-hearted presidio. It's question noba 36

Thanks and happy Christ ressurection to you and yours truly!!!
I thought this thread had lost steam until I checked it out this morning. I like your tenacity but unless you have time on your hands, I don't quite see what the back and forth will achieve.
PoliticsRe: Reno Omokri Leads #HarassBuhariOutOfLondon Protest In London; Police Called by Latvin: 7:17pm On Apr 02, 2021
lexy2014:
I didn't tell u that I believe anything. I only asked u a simple question which u haven't answered my question:

So how did u arrive at ur conclusion that Nigerians migrating to London is "morally wrong" in d same category as buhari going to London being "morally wrong"?
Because the same people are the ones nagging and chasing the President back home. If the President's visit to the UK is wrong, how is their own stay in the UK justified? I am pointing out the contradiction and if you still don't see it, so be it
PoliticsRe: Reno Omokri Leads #HarassBuhariOutOfLondon Protest In London; Police Called by Latvin: 6:52pm On Apr 02, 2021
lexy2014:
I don't need to arrive at any conclusion. U are d one who has arrived at ur conclusion. So how did u arrive at ur conclusion that Nigerians migrating to London is "morally wrong" in d same category as buhari going to London being "morally wrong"?
You can choose to believe what you want. I am just pointing out the contradictions. Those pointing accusing fingers will give no thought to coming back home, choosing foreign countries over theirs
PoliticsRe: Buhari Asks Security Forces To ‘Make Insecurity Part Of Nigeria’s History' by Latvin: 5:16pm On Apr 02, 2021
In a few months, current insecurity will be history. I will be looking forward to what folks filled with so much bile will be screaming about.
PoliticsRe: Reno Omokri Leads #HarassBuhariOutOfLondon Protest In London; Police Called by Latvin: 4:08pm On Apr 02, 2021
nedekid:
Nigerians in the UK, pay their medical bills, on babas part aside it being morally wrong. The difference is that the Nigerian treasury pays for his transportation, housing, feeding, aids and finally his medical treatment/ bills in the UK.
Bro there is a huge difference.
I think we agree that he doesn't set a good example by going to the UK for a routine medical check.

However, PMB has paid his bills before coming into govt, often from his pension or other personal sources. He is the current President and he is entitled to being medically taken care of.

Point though is that wevoften point fingers but fail to see the ones pointing at us.
PoliticsRe: Reno Omokri Leads #HarassBuhariOutOfLondon Protest In London; Police Called by Latvin: 3:19pm On Apr 02, 2021
lexy2014:
Why did d London police not arrest him& his fellow protesters for breaking covid laws? When d buhari administration forced people to go register for NIN, where covid laws being observed?
I was just observing. I pray he is not fined but if he does, it won't surprise me.

No one was forced to break covid rules during NIN registration. Lagos state shut non compliant centres down which was the right thing to do. Govt provided other platforms for registration and eventually severally postpone registration deadline to accommodate
PoliticsRe: Reno Omokri Leads #HarassBuhariOutOfLondon Protest In London; Police Called by Latvin: 3:15pm On Apr 02, 2021
lexy2014:
Nigerians in London are living a life that leaders like buhari refused to give them.
What is buhari doing in London?
Nigerians living in the UK are doing nothing wrong legally. Buhari going for medical check up in the UK is not legally wrong. However, if we say Buhari's case is morally wrong (which it is), you should arrive at the same conclusion for those Nigerians in the UK too
PoliticsRe: Reno Omokri Leads #HarassBuhariOutOfLondon Protest In London; Police Called by Latvin: 2:35pm On Apr 02, 2021
quickly:
See all this fish brain ppl, it’s not about north/ south, Christian/Muslim


The question is why is a President with all the resources to improve conditions going to another country for medical check up.

He is going to be paying UK he is not a British citizen.

If he upgrades just one hospital in Abuja will that not benefit more citizens

But the greed and corruption is y Nigeria is we’re it is today.


In UK the government tirelessly makes sure each hospital is functioning at the highest capacity, it’s a deliberate and intentional
Those Nigerians in the UK, what are they doing there? Some were there decades before Buhari came to power. Tell them to come back to naija or send their kids to naija, you will hear them say ' God forbid bad thing'
PoliticsRe: Reno Omokri Leads #HarassBuhariOutOfLondon Protest In London; Police Called by Latvin: 2:29pm On Apr 02, 2021
Does Reno know he is breaking covid laws? He just flew into UK and came into a gathering straight away.

While he is still in the UK, can he also lead a protest to Alison- Madueke's residence to ask her to return to Naija
PoliticsRe: Outrage As FG Admits Paying Fuel Subsidy After Removal by Latvin: 3:06pm On Mar 27, 2021
wonder233:
That's what I'm saying: the government said they were fully deregulating when the prices shot up to ₦162, that no more subsidy that the price was determined by market forces. So which subsidy are we talking about again? Same rhetoric "we are totally deregulating henceforth, market prices will determine prices" tomorrow, same announcement with another increase in pump price.
Nope. They were challenged by Labour and reached an understanding that they will suspend full deregulation until some certain things were in place. Labour asked that FG repairs refineries, guarantee no job losses, cushion impact through social investments and increase minimum wage.

They were still in that discussion with Labour hence FG's position that no increase will happen in February and March. FG is now saying, look we have met your demands, the latest being the plan to rehabilitate the PHC refinery. A lot of people will not know that those moribund refineries were planned to be sold to raise cash that will part finance the budget. As that will lead to job losses, Labour selfishly kicked against it.

It is easy to sit and criticise govt but there are no easy solutions when managing a complex and diverse country like Nigeria. To solve our issues, we need to be less negative and collaborate more to find solutions. Otherwise, you push people to maintain their hardline positions which does no one any good. So far, govt is listening and dialoguing with Labour hence the feeble resistance. Let us understand the issues and make less disparaging remarks which helps no one
PoliticsRe: Buhari: Nigeria Will Never Witness Civil War Again by Latvin: 12:25pm On Mar 27, 2021
richmond500:
I heard it was when cultism was a big business in Rivers state, the days of Alh Asari, Ateke Tom, Prince Igodo and the rest.
That town is a den for cultists, one of the cult group went to another cult group leader's town and shot gun sporadically
When the other cult group leader heard what happened to his town, he threaten the first cult group that he was going to pay him back and he will hear what he will do in his town.
Na so them enter the town, shoot and kill alot of people for days, those that managed to run into the bushes and creeks find a way and ran out of the town.

The group leader later told the rival cultist, that is not all, he will come back and do something bigger than this.
Na so everybody run leave the town, its almost 7yrs now, nobody deh town town. Schools has been shut down, grasses taller than humans has grown everywhere


The town has no motorable road and u can access the town only by sea so govt no even get interest to restore normalcy in the town
The South South has been a very unsafe place for a long time. Cult wars, kidnappings, rituals, you name it. Why didn't people think this will lead to civil war? Till today, many cant openly move around the creeks and many areas without being kidnapped. On a daily basis, the number of kidnaps and other crimes in SS is so alarming but no one thinks it will lead to war. In fact, governors begged the press to downplay the news so as not to keep alarming the public while they tackle it, a good move

My point is - once it is a Northern affair, the South goes into overdrive but will just gloss over their own issues. A positive outlook to solving all issues irrespective of who is impacted will help to overcome such challenges quicker rather than this i-better-pass-my-neighbour attitude
PoliticsRe: Oodua Republic: Yorubas Are Not Going Anywhere - South-South, South-East Declare by Latvin: 12:12pm On Mar 27, 2021
People like Igboho will come and go. What intellectual ability and capacity does he have to lead the Oodua nation? When OBJ and GEJ were in power, the Yoruba nation didn't make this type of noise. If they hate PMB that much, they should just wait till 2023 when he will leave. So easy to see the self serving agenda of all these secessionists
PoliticsRe: Amaechi: Work On Lagos-Calabar Railway To Start This Year by Latvin: 11:55am On Mar 27, 2021
Vulcanheph:
Guillibe people like you are the reasons why our politicians are always taking us for a ride..... This same Lagos to Calabar railway has been said before by this same government.
But the Senate of Saraki and even legislators from the South killed it at the time. Now it is back on the table and progress being made. If you look closely, all these massive infrastructure took off mainly in PMB's 2nd term after the likes of Saraki and Dino were out of the way.

The abuse and negativity from ordinary Nigerians can be tolerated. All that is required is for those projects to be delivered one after another with the noise dying down with time.
PoliticsRe: Amaechi: Work On Lagos-Calabar Railway To Start This Year by Latvin: 11:50am On Mar 27, 2021
sulaak:
Ameachi, once said that he will complete the $400 million mono-rail project in PH ... he lied. Politician lying is like drinking water, you should first look at Ameachi record to understand why he never completes a project.
But he started and completed Lagos- Ibadan rail, he completed Warri-Itakpe rail line. Why do you think he won't complete Ibadan-Kano, PHC-Maiduguri and now Lagos-Calabar?

The PHC monorail was a misadventure which he shouldn't have started as PHC does not need rail as much as Lagos does.
PoliticsRe: Outrage As FG Admits Paying Fuel Subsidy After Removal by Latvin: 9:04am On Mar 27, 2021
folks4luv:
You are yet to answer the question raised. The govt increased pump price twice and announced it has removed subsidy. The minister of Finance said they have totally removed subsidy and there is no place for it in the budget. The question is, at what point did the govt decide to reintroduce the subsidy? Paying 120b monthly even though it was not reflected in the budget? The bone of contention is not the price but the many lies we are being fed with.
The mistake govt is making is to deregulate and keep fixing the price. It leads to the situation you described. Full deregulation means you hands off pricing and let market forces of demand and supply fix it.

But I understand why govt won't let go just yet - they want to protect the masses from the shocks of continuous price increases if solely left to the market to determine. Hence their subsidising from time to time until such a time we are fully prepared for the market.
PoliticsRe: Outrage As FG Admits Paying Fuel Subsidy After Removal by Latvin: 7:46am On Mar 27, 2021
wonder233:
Relax, nobody wants to insult you. All people are simply pointing out is that in arriving at the current price of ₦162, the government said it was ending subsidy. Prior to that in arriving at ₦145, it said the same thing. Now, we are being told that the subsidy that was ended is still being "re-ended" to get to ₦234. The question is when will this cycle end?
What you should be checking is the landing cost of fuel. Once that is higher than pump price or at a level that after adding other margins, it will be higher than pump price, then subsidy creeps in again. Best is to fully deregulate and allow market forces determine the price. Having refineries will help but will not take the issue away completely as those refineries need to operate with profitability in mind as they won't get crude for free or at a much reduced price
PoliticsRe: Outrage As FG Admits Paying Fuel Subsidy After Removal by Latvin: 3:48am On Mar 27, 2021
Reading through the thread, it is obvious many Nigerians do not understand the subject. First of all, it was wrong to have opposed subsidy removal in 2012 when GEJ proposed it. We would have adjusted to it by now and be the better for it. So PMB and others should apologise.

That said, Kyari clearly said it was in September 2020 when crude oil price started climbing back up that landing cost of our 100% imported fuel became higher than the pump price. It is not rocket science that when that happens, someone (in this case NNPC on behalf of FG) will bear the loss. Meaning before Sep2020, there was no subsidy. When pump price was reduced earlier in 2020 due to crude price fall, a lot just waived it away saying it was the usual Govt gimmick of fooling the citizens and preparing them for an increase later. This is without thinking that a caveat was inserted then that full deregulation and subsidy removal will affect prices whether up or down depending on input factors such as crude price, thereby allowing the market to dictate prices as it should be.

That FG didn't allow the price rise since Sep2020 means they were cognizant of the impact on citizens at a very difficult time when covid was ravaging the whole world. FG continued to negotiate with Labour, being transparent by putting all the cards on the table. It was only when conditions are met with Labour on behalf of the people that FG could go ahead. Part of those conditions were to fix our refineries, ensure workers are not sacked, implement new minimum wage and cushion impact by intensifying FG's social investment such that it reaches the most vulnerable people. I disagree with Labour though on fixing our refineries and keeping all jobs as that is self serving. I prefer we sell off the refineries, and if it leads to laying off staff, so be it. The market is the best efficiency tool. In any case, FG ensured no worker was sacked, embarked on the rehabilitation of PHC refinery, continued with its social programs (though it is unclear if it is reaching the poor) and have started paying minimum wage at federal level.

Therefore, FG is taking these steps however painful now, so that foundation for future progress can be made. This is the reason why I support the courageous FG in this painful but necessary step. It will be vilified and abused but it shouldn't be deterred. Future govts will recognise the sacrifice of this present govt and its long suffering people.

FG clearly didn't budget for subsidies hence it is now crying out because that matter will be raised by NASS who are waiting to ask why NNPC is not remitting monies to the federation account as expected. They should be interested in current discussions and take appropriate notes.

Overall, we should get our refineries to workbut in private hands. Dangote's refinery is almost complete, the small modular refineries are starting to come on stream, BUA and others are building new refineries, FG is rehabilitating existing refineries (though i don't support that). So my advice to us Nigerians is to chill and in some months to a year or two, we would have sorted out most of the issues with fuel and the downstream sector of our economy in general.

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