₦airaland Forum

paschu:
http://www.premiumtimesng.com/news/top-news/196557-14-billion-refinery-cbn-assures-dangote-of-support-to-get-forex.html

http://newsrescue.com/the-truth-behind-dangotes-wealth-the-cabal-tokunbo-ban-and-impoverishing-nigerians/#axzz4Z32zFPHf

No need to speculate on this. We can draw conclusion from dangote himself regarding his much touted local tomatoe paste production plant. Here's the link.

http://nairametrics.com/why-its-cheaper-to-import-tomato-despite-forex-ban-dangote/

So who says the same should not repeat itself in the fuel sector? Or do you think other Nigerian businesses will all sit down and watch one company monopolize a whole industry?

Guy, did you even read those articles? CBN promised him forex, but there is nothing in that report to show that Dangote took the entire forex allocation of 14 billion USD from CBN to build his refinery. Please read this article below:

Dangote Clarifies Forex Allocation to Refinery, Fertilizer Plant By Crusoe Osagie and Ejiofor Alike

Africa’s richest man and President of Dangote Group, Aliko Dangote, has clarified that his refinery, petrochemical and fertilizer plant did not collect as much foreign exchange from the Central Bank of Nigeria (CBN) as some people have speculated, stressing that his company raised a substantial part of the forex being used in the execution of the multi-billion dollar project.

This is coming as Vice-President Yemi Osinbajo has described the refinery, fertilizer, petrochemical and gas pipeline project being executed by Dangote Group at a cost of $17 billion, as the largest single project in the world.

Speaking on Saturday during an inspection tour of the ongoing project by Osinbajo in the Lagos Free Trade Zone at the Ibeju-Lekki area of Lagos, Dangote said the company sourced the $100 million used in acquiring the land from the Lagos State Government and raised another $300 million capital to start the project without any assistance. http://www.thisdaylive.com/index.php/2016/06/27/dangote-clarifies-forex-allocation-to-refinery-fertilizer-plant/

Dangote borrowed only $173 million from banks out of the 12 billion USD needed for the project, to pay interest rates on their previous loan since 2014. Did CBN dash him the money? No!!

And your likening tomato paste to oil or refined petroleum products, is laughable. Petroleum product sales are listed & governed by Platt, while crude oil output and price, is by OPEC members. Tomato paste is a totally different kettle of fish.

paschu:
I'm sure you have no idea how much incentives the govt./CBN has given to Dangote to build the monopoly. But wait until the station is built and let's see how he competes with importers in the face of subsidy WITHOUT any further incentives from the fedreal govt. .

Please let us know the incentives that govt/CBN gave him. And why would he not compete favourably with importers when his refinery is fully built & operational?

In terms of timing and availability of products, he would have the upper hand, as it takes importers 30 days to 60 days to complete the entire importation process from LC to discharging of products on arrival, if such importers are bringing in the fuel from US or Europe e.g. Rotterdam. If they are importing the usual small 5,000MT quantities of AGO or PMS from the Abidjan refinery or Tema, then you could look at 40 hours to 72 hours freight period, from when the vessel is loaded at the refinery to when it gets to our shores.

In terms of pricing, cost of vessel hire & importation is also going to be reduced for Dangote, as he has the option of transporting his fuel over shorter distances, than the importers who are bringing it in from abroad.

In terms of market, he can choose to sell his refined products in dollars to other African countries and make his money back. Or our govt can choose to pay the fuel subsidy directly to Dangote and buy fuel; from him. Either way, it is a win-win situation for the guy.

paschu:
There we go again....

SPECULATION, SPECULATION, SPECULATION

Back in 2012, at total deragulation (plus high crude price and low exchange rate) you'd have been buying fuel at N142 max. And by now, govt. would have banned fuel importation or alternatively they'd have made it more expensive than local production which would have forced invedtors to rush into local refinery business.

With that, the demand for forex would have crashed, thousands of permanent jobs would be created, competition would have futher crashed the pump price grossly. And Probably Nigeria by now would have been poised to start exporting fuel to at least other African countries.

But none of those could happen because of some lousy speculations.

Come to think of it, for about one year now you all have been buying fuel at N145 (from N87) yet no one died or complained. Yet the infastructure and transport system are yet to improve.

So, go ahead. Keep destroying the future with your speculations. It's been a Socialist Republic of Nigeria. No problems.

You call it speculation? Oya, go ahead and implement it and let us know exactly you would handle the aftermath of your so-called total deregulation. People like Dangote did not call for total deregulation before building their own refinery. You that has not even worked in any refinery before, is calling for total deregulation...hehehe!

Mcowubaba:
Amina Mohammed is NOT an average Northerner, go and read about her..
She was Born Fu#king Rich...
She was a millionaire from birth.
She has a British mother.

Opportunities always came knocking at her door steps

Yet, she too like a lot of girls from the North, did not attend any university...even though she had the opportunity.

paschu:
JUST LISTEN TO YOURSELF.
What again was your position in 2012? GROSS OPPOSITION TO TOTAL DEREGULATION! Why? Because of herds-mentality driven by reckless media SPECULATION. But 5 years later, here you are talking gebrish and clamoring for what you demonized 5 whole years ago.! Talk of dumbness.

Well, FYI it WAS way cheaper to import refined fuel than it was to build and maintain a bunch of semi-eco-friendly refineries. Though, given the current FX rates, I doubt if the earlier assertion is still true today.

But even if it is, no smart enterpreneur will be in a hury to invest billions into an industry where the govt. regulates pump price. So as long as you want subsidy/price regulation, you'd keep having jobs exported to Asia and elswhere.

Either eat your humble pie, repent and approve what you demonized in 2012, or your hypocricy will keep hunting you.

Total deregulation in an economy, where transport infrastructure is substandard, citizens welfare has no safety net, and power supply is epileptic, is tantamount to handing over the reins of such an economy to the kind of inflation which only leads to economic suicide. How do you manage the aftermath of such total deregulation? Someone should give us a blueprint on how that would be done first, before talking about implementing total deregulation. If we had an efficient inter-city and intra-city rail system, and an efficient electricity supply network, then by all means - go ahead and deregulate. But kindly remember that Dangote did not wait for the govt to deregulate, before he started building his own refinery, without collecting a dime from local banks or the CBN.

A lot of those who got licences to build refineries under OBJ, simply sat on them thinking they could hawk such documents and make money from potential investors, without realising that it is a different ball game.

Anyone who builds his refinery today, can sell his refined products to any country along the West African coast and beyond. They do not have to wait for deregulation. All they need is a steady supply of crude.

LastProphet:
but the US allows Dangote to build one abi? they allow Ghana abi? See if u never learn to accept responsibility you will never progress, always see what you did wrong not others

Don't mind such people whose heads are filled with empty air, yet are still arguing blindly. Oil is a commodity that is traded internationally, at global level. Our leaders in the past were content with importation, instead of seeking ways to build or upgrade local refineries to cope with local demand.

These days, modular refineries are in vogue all over the world. And who are those companies that are specialists in building them? Most of them are American companies. They will gladly come and build one for you anywhere in the world, if you have your money.

waternogetenemy:
Where did u get that idea that u are describing as the process? The process is to call a referendum. Let the people decide.

Guy it is a process. None of the members of the legislative chambers in any of the 5 South-Eastern states have raised the call for a referendum, in their own house of Reps from Awka, through Owerri, or Enugu to Aba. I repeat: even at federal level, none of your senators, legislators, federal ministers etc., have successfully moved a motion requesting that a referendum should be conducted within the south-east. The report you quoted from an online source in your previous post, has a disclaimer - which means it is not likely to be true! So you chaps should go back and follow the right process. Or do you think clamouring on NL, for a referendum will automatically get you one?

Huddler:
These guys are pained and frustrated cos this thread has not been deleted

This thread didn't favor the co.ne.hea.ds yesterday, as for Laudate, 'your plan to change the topic was fruitless.

The only person who tried to derail anything, was you. You claim that your people built Lagos. Hehehe..... let me laugh very well in German. A few folks have asked you on this thread to tell us exactly how you and your people built the city. You are still clutching at straws, unable to do so, because you have no answer. Abeg, swerve!

0ganiru:
I once heard you call the first coup an Igbo coup, right. In the context the fulani herdmen men doing the aggression are fulani and very good much of them, so I can call them fulani. Your beautiful south south or Yoruba mind is better put behind something progressive and profitable like the new Igbo agenda, not the lackluster, potentially and stagnant nor-thor even nigeria. This is just a suggestion. I'll let case lay here, if you make up your mind pm me. There will be money and fulfiment.

You came back to modify your post. Again, you have fallen into the one-track mindset of your IPOB brothers. You claim that "Your beautiful south south or Yoruba mind is better put behind something progressive and profitable like the new Igbo agenda,"..... Are you for real?

What on earth gives you the idea that I am Yoruba or from the south-South? So anyone who disagrees with you or your ilk, is automatically Yoruba or South-South, right? Despite the fact that there are over 250 other ethnic groups scattered across the length and breadth of Nigeria? How long will you and your ilk always reach for this handle, anytime there is a difference of opinion? Can you see how shallow and ignorant, such thinking can be? And why on earth should I put my mind behind your new Igbo agenda, when your agenda has nothing to do with me and does not hold the slightest interest for me?

Guy, if you want to recruit converts to your Igbo cause look elsewhere. And for the last time, I am not anti-Igbo, but yes, I am anti-IPOB. I make no bones about that. Do have a great day.

Toks2008:
Are you into catering services or do you run a restaurant?

Do you want snails in large quantity for your party?

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call 09052214369

Where is your location?

waternogetenemy:
Go and find it, google is ur friend.

NASS is fully aware of Biafra and their many peaceful protesters murdered by Nigeria Army, let dem be responsible and call a Biafra referendum.

It is as simple as that.

Scotland did it and even Britain did it to EU.

It is democratic and proper given the circumstances and demand. Let the SE decide via a referendum vote or is it that u people cannot trust us with the UN conducted referendum to vote?

Ekweremadu is the deputy Senate President, he has raised the matter and the NASS is aware of it.

They should fulfil their democratic obligation and give the people of the South East a referendum on Biafra.

That is the next step.

If u cannot agree with that, good night mate, i dont have all night.

And I do not have all night to listen to your complaints. You chaps should follow the right process and stop wailing. Raise the issue on the floor of the green and red chamber again, without turning the whole thing into a fight. Then recall all your senators, legislators, ministers, federal appointees to the South-East, and put in place the political processes needed to actualise your nation.

Your problem is that you chaps speak from both sides of the mouth. Today, you want Biafra. Tomorrow, you are lamenting that none of the members of your ethnic group has been made a service chief. Na wa for una.

360command:
they have made reports to national house of assembly, submitted reports to the UN.like you said, there are steps in other for them to achieve it.. even the president has said " the unity of Nigeria is non negotiable".

to me, these Igbo's have the capabilities to achieve their goal so as any other regions but to these people they have been segregated so much. I can testify to you and say what I know, even with whatever degree an Igbo man carries today and he is in any military / paramilitary role, as long as a northern man is in power , I repeat"a northern man" the Igbo's will not smell any big position..

You are very strange. When General Ibrahim Badamasi Babangida (IBB) was head of state, who was the most senior military man, that was his second-in-command? Was it not Commodore Ebitu Ukiwe from Abiriba, an Igbo man? Rear Admiral Allison Madueke was also Chief of Naval Staff under Sani Abacha, a Kanuri man from the North. Please drop this victim mentality mode. It doesn't suit you.

waternogetenemy:
I know u follow the news but just in case u missed it. This is how ur feverish non igbos behaved wen the matter was raised at the Senate.

Nigeria was founded by a legal document that specified that Nigeri will epire by 2014, the ICCand UN is a better root.

I Nigeria is a failed State.

Senators Exchange Blows As Biafra Mentioned
Real drama was witnessed in the upper legislative chambers as
Nigerian senators fought over Biafra issue.
A senator from the north suggested that Islamic state should be
given to Boko Haram to stop the killings.
Senator Ike Ekweremadu says that his people should be given
Biafra as well.
And he further states that Biafra is older that Nigeria.
The senator from the north threw bottled water on him for
mentioning Biafra.
Senator Enyinnaya Abaribe fought the senator from north for
fighting his brother.
http://elombah.com/index.php/reports/6267-drama-senators-exchange-blows-as-biafra-mentioned

You are free to believe whatever you like about Nigeria. Your opinions do not affect or change anything. As for the debate in the senate, your representatives turned the place into a boxing arena, instead of a place where serious issues are treated. Let them raise the issue of biafra on the floor of the House of reps and Senate again. Even the writer of that story, published a disclaimer, meaning he was not sure of the accuracy of the story. So why did you delete the disclaimer from your post?

DISCLAIMER: We got this from a user submission; we are yet to verify the information.

When the Biafra issue has been properly debated and satisfactorily concluded, they should let the rest of us know. As for the rest of your post claiming that Nigeria will expire by 2014, please post the real legal document backing it up here, so we can read and verify.

waternogetenemy:
Dude! ur wasting your time, there is no love between hausa, igbo and yoruba, sooner or later they will head to their various nations.

Three captins cannot run one ship. Nigeria is a nation with three founding fathers instead of one.

There are at least three countries in Nigeria.(minimum) They wont stay together beco there is too much bad blood.

It does not matter wat ur people think or feel, Igbos dont care right now, wat we care about is wat is good for us and how we feel.

Before it was IPOB, now it is Igbo leaders, fact here is they are tired and want out of Nigeria. They are no longer interested or believe in Nigeria.

Those of you that want to leave should recall your senators, legislators, ministers, federal appointees etc., to Igbo land. Before they leave, just ask them to raise the issue of your new republic on the floor of the house, in the green and red chamber. The topic should be debated thoroughly and concluded. Then, they should take all the necessary political steps to activate their exit. Chikena! All this IPOB propaganda on NL, is quite unnecessary.

360command:
this tribe you made mention have benefited from the share even as a minority. I know what I am saying when it comes to been in the military/para military as an Igbo in the federal states. it does not go well on them. to tell you the truth, things became fair when obasanjo came into power. he changed the system completely from salary payment, transfer, position ranking etc. he made it equal at every level.. if people can say bad about obasanjo but to me, i respected him more when he overhaul the system. it was no more as it used to be when the northerners takes all. as as we know, Nigeria is a step forward but 10steps backward. please my issue is not with any tribe but what I despised seeing is when somebody with no certificate or experience who just arrived into the job, becomes a boss in the federal sector.. you might not know the pain maybe a friend or family has not suffered such loss which is why you talk this way. it is better you give them the republic they ask for. is it by force to be in the same Nigeria with you.

Again, I am asking you if it is only the Igbo that have suffered from what you described here. To the best of my knowledge, other ethnic groups especially minorities, have also experienced the same thing in the military/para military agencies, so what else is new? And what do you mean by saying "this tribe you made mention have benefited from the share even as a minority." What share??

As for your closing statement, where you claimed: "it is better you give them the republic they ask for. is it by force to be in the same Nigeria with you." I was not aware that anyone was dragging them back. When an ethnic group wants to leave a country, there are specific political steps they need to take, in order to achieve their exit. Your people have not done so, instead they keep lamenting that others are not letting them go.

Do they think that after making such an announcement, the next thing that will automatically happen, is that a new republic will be carved out for them by the authorities? Is that the way it is done?

deomelo:
I asked you how exactly did igbo people develop Lagos? They built the schools, hospitals, roads, bridges, power plants, water works, GRA's, VI, Ikoyi, Eko Atlantic, Banana Island, Lekki, Leki Ikoyi bridge and so on?

It is ok if you think one day igbo people will go back home to develop their land and they are going to be 10 times bigger than Yorubaland, that's fine, but please list the ones igbo people built or explain to us how igbo people develop Lagos.

Good question!! I am still waiting for the answer myself....

Huddler:
[/s] You are an animal, I said Lagos was made a lively and habitable place by Igbos.

How is that different from being developed by Igbos? shameless olodo.

You said..... what? Liar! I am still waiting for you to tell us how Lagos was developed by the Igbo, whether they built the roads, bridges, hospitals, tank farms, airports, seaports, housing estates and all high-rise buildings in Lagos. So people from other ethnic groups were just onlookers, observing you as your people built Lagos, not so? O di egwu! Tomorrow, you will come and tell us that you built the Lekki Free Trade Zone, from scratch.

360command:
guy shut your mouth, you really don't know what it feels like to have all the certificates in the world, started the job long back before some people and yet see one man or woman from the north with a diploma cert coming to be your boss because they have some connections..

You are the one that needs to shut your own mouth! Do you think what you described here only happens to the Igbo? Do you feel the Itsekiri, Igala, Efik, Kalabari, Urhobo, Yoruba, Idoma, Bini, Egun etc., have not experienced the same thing at different levels? How many of them do you see wailing on NL, because of this experience? How many of them have launched arrows of hate against other ethnic groups, like your fellow IPOB clowns? How many have advocated that violence should be used to dismember Nigeria, in order for them to get their own republic? Abeg, swerve!

Amarabae:
I admire the New Leadership of Ohanaeze Ndigbo.
Does it mean that An Igbo man is not trusted to hold a top defence job in buhari administration? Why launching a silent and unofficial war on the Igbos in Nigeria?
I hate hypocrisy,
We must renegotiate our co-existance in Nigeria or else the tribal tensions & division may not end.
My opinion

Girl, I beg do your research very well on NL, before you comment! You will be surprised. The same people clamouring for Biafra, are now the ones complaining on NL that none of their people were appointed to head the security forces. Now, they are beginning to confuse people like us. Do they want Biafra true-true, or do they want their own folks to head the armed forces? Which one?

oyinkinola:
...that's what am saying, that Igbo never forget, are any of you had been threw into lagoon? are there anywhere in Igbo land where any Nigerian have place in cabinet as you have in lagos?

Throw who in the lagoon? Don't let them fool you with their persecution complex, o! Each time they tell the story of the Oba of Lagos threatening them with the lagoon, they keep refusing to add the fact that 37 of their Eze Nd'Igbo in Lagos, were in attendance, and they clapped for the Oba like over-excited school kids after promising to do his bidding!! None of them objected to his comments! It is only the IPOB keyboard warriors that try to use it as part of their propaganda on NL. I laugh, in Greek!

Nowenuse:
And the question is, who is holding u guys? Ijaws, yorubas, deltans or Hausas?
Have your elected governors, senators or house of rep members ever talked about seccesion or Biafra?

Good question!!

Huddler:
Oga, Igbos developed Lagos and they are still developing the parts that needs development.

Have you been to any southeast state? only Lagos can beat Anambra When it comes to infrastructures and industries.

You are not even from Lagos sef mtcheew. Lagos brought up Igbos are more Lagosian than you.

Haba, go easy on the exaggerations, biko! I guess people from other ethnic groups folded their arms, and watched your brethren developing Lagos, not so? I guess all the housing estates and 6-storey buildings in Lagos were designed and built by your people, including the roads, bridges, airports and seaports. Na wah, oh!

Timbuktuo:
If only you had taken your own counsel and slowly read and comprehended my post first, this post of yours would have been unmade.

Read my last paragraph slowly. You can even get an interpreter, if you so desire.

Epic response! Chai! See finishing....

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engrhamid:
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Daniel2032:
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Elhabeeb1:
We like them the way they are, whoever have issues with them being Muslims and wearing hijab on the Khaki should know that even in the US and UK muslim police women are allowed to wear hijab on their uniform.

The type that police women wear abroad, is different from this white masquerade bedsheet covering, that these NYSC girls are wearing!

skedman:
please i will ask you just two questions.are you her husband ,fiancee or boyfriend and finally what is your fucking business with her life or mode of dressing . She is comfortable with her dressing .

The mode of the NYSC uniform is pretty clear. And they knew what it consisted of, before they agreed to serve. Why are they bastardising the uniform by including hijab, in it? Taxpayers money paid for their uniforms, o!

Abagworo:
Arming one group against the other is wrong. FG should caution AITEO before they destroy peaceful communities with their divide and rule.

Ghost001:
@Abagworo, (1) Who is arming who and who is been disarmed?
(2) if you ask someone to watch over your property and in return the person damages the property after paying him or her, will you want to have anything doing with that same person?
(3) A farmer hands over a tuber of yam to a goat and promised bring back palatable pastures for the goat everytime he goes to the farm and on returning he founds out that more than half of his tuber of yam has been eaten by the goat, will you blame the farmer if he hands over the rest of the yam to a cat or a dog to watch over?
Thanks.

@Ghost001, God will bless you 10 times on Sundays, for this reply. You just took the words right out of my mouth.

Afam4eva:
Now, it seems you didn't get the memo. I have always said it that i respect people's wishes about what they want to call themselves as long as it is not predicated on falsehood. I'm saying these because of the reasons these people give as to why they're not Igbo. Imagine someone saying that we're not the same because if i speak you won't hear everything that i'm saying. That's to imply that as an igbo person, i understand every dialect that is spoken in South east nigeria which is false. So, i have to correct those impressions. Recently, i personally don't consider a group like Ikwerre for example to be Igbo not because i don't think they have what it takes to be called Igbo but because i feel they haave gone far along in their self consciousness as Ikwerres and bringing them under the Igbo problem will only bring problems for us.

Btw, i've noticed that you're neither Igbo, Anioma, Edo, Deltan or anywhere around there. I don't ven think you're a southerner. It just makes your day to see this people dissociate themselves froma people you hate so much.

First, you say that you 'respect people's wishes about what they want to call themselves as long as it is not predicated on falsehood.' Good! And the Ika, Ukwuani etc., people on this thread have repeatedly affirmed their desire to be identified by their own ethnic groups, and not to be lumped with another, because of the distinctive features & the consciousness they possess. As far as I can see, their request is hinged on the fact that their origins are diverse, and not just hinged on one source (i.e. Igbo), like others are trying to make them believe. I see nothing wrong with that. So why are other respondents trying to foist an Igbo identity on them, simply because their language is similar?

As far as my own ethnic origins are concerned, I fail to see its' relevance to this thread. I am a Nigerian. Where I come from, is not the subject under discussion. And unless you want others to believe that you have psychic powers, I don't know where you got the impression that it "makes your day (sic) to see this people dissociate themselves from a people you hate so much." I do not hate anyone, I only hate the IPOB ideology and acolytes, because of their propaganda that fosters ethnic hate, and their propensity to dish out venom against other ethnic groups.

Afam4eva:
I understand what you mean considering that you're Ika. I have already thrashed that when i compred Ika to Aniocha/Oshimili and Etche. You no go gree and i have no problem with it. I'm not trying to change anybody's belief as long as it makes them happy but what i hate is blatant falsehood. Even if all the traditional rulers stand up one day and go on national television to announce their Igboness, you'll probably say they were paid, so all this back and forth is totally unnecessary. I think the best course of action for you anti Igbo elements is to just say that irrespective of your history, your language or culture, you don't want to be called Igbo. That makes more sense than telling us how you use to be Edo and some Igbos you traded with taught you Igbo and that's where the Igbo influence came through.

You just stated that those who do not want to be called Igbo should say so. And they have done it. So why are you now getting bothered by the fact that they have done as you asked, and are also asserting their Edo origins? Can't they be left alone to decide who or what they want to be?

Afam4eva:
Unfortunately, the Edo people you always shamelessly want to associate with along with your fellow Urhobo/Isoko/Itshekiri/Ijaw deltans always call you Igbo. You can't run away from your shadow. If you're so interested in dissociatig yourself from anything Igbo so that people don't get you confused, start a revolution that will see Ika parents give their children non Igbo names and trace your language s that you can start speaking it instead of the Igbo decorated one that you're speaking currently.

I also find it pathetic the way you guys interchange Ika and Anioma without also considering the different influences that makeup Anioma. You want to call Anioma an ethnic group without realizing that you're just as different from Aniocha, Oshimili and Ukwuani the same way you think you're different from south east Igbos.

The problem is that many people have short memories.