₦airaland Forum

do4luv14:
You have not answered my questions,
Buh I will just ask these one Only,

What had the strait of Hormuz got to do with us , and how can it still affect the price,

Remember our crude is sourced locally, or does it had to pass thru same strait of Hormuz, before it gets home

Nigeria is not the highest producer of coffee. Ethiopia is. If something causes a fall in production in Ethiopia then price will rise and Nigeria will benefit. Oil price is not stable in the same way and you don't expect Nigeria to sell lower than the going price just because it is not passing through the strait of Hormuz. If you make garri, can you sell it lower than the market price because it is not passing through the strait of Hormuz?

IGBOSON1:
Dude, on what basis are you asking for appointive slots for the Yoruba in the south-east? Or is this just you trying to be annoying and clutching at more straws to try and keep your drowning 'argument' afloat?

In my last reply, i specifically mentioned Lagos as being that one state that has not only substantially increased the overall population of the south-west region, but has also substantially helped catalyse and galvanise the regions economy! Lagos being what it is today owes largely to the national political-economy and status-quo in place and sustained from the late 60s to date! As a consequence, i was limiting my argument to just Lagos and asking why you see nothing wrong in all its appointive positions at the national level being filled by just your own ethnic stock when the city is a cosmopolitan melting-pot consisting of ALL ethnic groups and whose economy and infrastructure was built and sustained by the human and natural resources of ALL Nigerians and ALL regions of the country....especially the Niger-Delta where i'm from (ONELGA in Rivers state)! Since the 70s to date, a large part of the proceeds of oil and gas exploitation from Alaigbo has gone into building infrastructure in Lagos and sustaining its predominant socio-economic position in Nigeria! Now can you point to any similar scenario in the Eastern-Region/south-east in which a city or component part of the region owes its economic emergence and dominance to human and/or natural resources of the Western-Region/south-west? If you can't, why then do you think any Yoruba deserves, as a matter of right or justice, to get one of the few appointive slots of the south-east remaining for us? Now don't get me wrong! In a fair, just and inclusive situation, i wouldn't mind a Yoruba, or anyone from any other ethnicity for that matter, that has lived and integrated themselves into the south-east region taking one of the appointive slots for the region at national level. But the scenario would have to be one based on equality and justice for all component parts of the country, or a scenario in which a city or state in the south-east (say Enugu for instance) owes its socio-economic development in large part to the human and natural resources of the other ethnicity in question and has a significant demographic of said ethnicity domiciled in Enugu, doing business there and contributing to its economy as is the case with the Igbo in Lagos and their hydrocarbon resources being used to develop the city.

You're starting to muddle up issues. No one stopped any Yoruba or anyone from any other ethnicity living in the south-east from going for elective positions either at the sate or national level. If they believe their candidacy is sellable to the electorate, they should come out, stand for election and canvass for votes. No one will stop them. Rather, what we're talking about here is NUMBERS OF SLOTS FOR APPOINTIVE POSITIONS FROM EACH REGION AT NATIONAL LEVEL, and why one region should claim to be 'superior' to another then go on to grab more slots at national level based on such a spurious claim! Just why TF should any region in Nigeria accept to be subservient to another.....especially when that other is only leveraging on the benefits derived by virtue of them and their hegemonic allies fashioning a political-economy and status-quo primarily favourable to said hegemonic partnership to the relegation of everyone else? Because this is exactly what's playing out in Nigeria today....more so when your 'argument' on the distribution of appointive slots for each of the 6 region at national level is taken into consideration.

You see what i mean when i say you pick and choose to promote only parts of the argument that favours your ethnic agenda. You claim the south-west is more than two times the size of the south-east in landmass and as a consequence would be justified in getting more slots and benefits at national level that reflects said difference. Now lemme ask you....if we're to go along with your logic of landmass, pray tell, why is a state like Lagos producing the same number of senators and house or reps members with a much larger states like say Borno or Niger? Based on your 'argument', shouldn't Borno and Niger produce more senators and house of reps members? You see how easy it is to trip over your own arguments when you're not on the side of truth and justice?

If you as a Yoruba man is screaming injustice in a 'one Nigeria' currently operating a political-economy and status-quo fashioned by YOUR OWN FOREBEARS together with their northern allies, wetin you wan make me as Igbo man do? Between you and me who should really be screaming injustice? Check between both ethnicities, who has produced the most presidents/heads-of-state, vice-presidents, chief justices of the federation, chiefs of army staff, heads of customs, minister of FCT....positions that matter in the country! You could argue that Igbo have also produced presidents of the senate, and you'd be right. But a nuanced assessment would reveal those positions were filled at the time by Ndigbo (note this was before APC arrived the scene in 2015) owing to power-sharing arrangements of the political elite of the time! That was a time Ndigbo were still given a little modicum of respect, consideration and inclusion in national politics and governance, which is a far cry from what is the case today under your Buhari/Tinubu/APC gov't. So given all that's transpired in Nigeria from the late 60s to date, Yoruba and Fulani hegemonic acolytes and sympathisers like you should be the last people to be shouting injustice!

Only less than five percent of Lagos was FCT and that should never be forgotten. Then the resources of Ala Igbo is not being used to develop Yoruba land or Lagos. Do your calculations. The SW collects oil money less than the oil and gas it produces. So the rest of Nigeria is taking oil money from Yoruba land and port revenue too as well as CIT and VAT.

I am saying if you think non Yoruba living in Lagos should be given Lagos slots then the same should apply to your own place because non indigenes live there too. Then like you say nobody is stopping the Yoruba from contesting elections in the East, nobody is stopping Igbos in the west or in Lagos in particular. They have been contesting and should continue contesting

I did not say the SW should be given anything just because of landmass but that there should be equity and if you are treating less than twenty million the same as over 50 million people then that is not equity or is it? The SW should have like three times the number of states in the SE to start with but they have almost equal.

The Yoruba are being shortchanged in Nigeria and the only advantage we have in Nigeria is that Lagos is number one but without Nigeria, Lagos or Ibadan would still have been number one in subsahara Africa. So there is nothing to point to as gain for the Yoruba in Nigeria unlike Igbos who have disproportionately high representation at the center that they are enjoying

mrvitalis:
IMO is not a major oil producer
Gas just started producing this year

IMO is mostly driven by its hospitality industry, if you have ever been to owerri you would know
Book any hotel look out from your Window u must see minimum of 5 other hotels

Cost of living in IMO is also expensive this also boost GDP

Yes I agree that Owerri is more developed and has more banks and hotels than anywhere in Osun state but Osun state as a whole is more developed than Imo state

Putindbutt:
It's a progressive tax system.

Take a MTN dealership that sells 300 million naira a day with less than 150k as gain and is expected to pay 3 million naira in taxes accumulating everyday, how will that work? Most wholesale businesses are like that. If you force it on them then the market will be disrupted. It can't work.

There are some big retailers like supermarkets and with those ones it can work but how do you separate them?

It can work with supermarkets and other big retailers but not with wholesalers. With big retailers there need be no turnover cap. Just file your taxes.

However VAT has not been fully tapped as there are probably more than ten million small businesses in the country that can pay over 500k per annum in VAT.

mrvitalis:
Google is your friend bro... IMO GDP is over twice that of Oyo.... This is a statement of fact

We have discussed it once and the conclusion was that oil and gas being carted out of the state by the FG and JV partners are being added to the GDP of Imo but I have concluded that even at that the GDP still can't be bigger than that of Oyo because Oyo has over ten million people and if per Capita income is only 1000 dollars per annum, the GDP will be like 15 trillion naira but per Capita income of Oyo is definitely higher than that. Osun too is producing most of the gold in the country which is some billions of dollars and you need to add that one to Osun GDP as well, so Imo still can't be bigger than Osun. However if we remove audio GDP and face what is on ground then Imo GDP is not as big as Osun's

mrvitalis:
IMO GDP is twice that of Oyo
It's not my business if your leaders tax u to death

Osun state has more hotels than Imo. It has more banks, schools and etc. You can verify online, the info are all there. It has more NIN registration and more voters registration too and more internet subscribers. Oyo state is more than double Osun in everything. Where then is this GDP you are talking about going to come from? There are not enough companies to tax in Imo is why they have low VAT not that the companies are good at hiding from the FG

do4luv14:
Explain more as to why other prices of export products are still same and why that of petrol is increasingly,

Remember majority of our crude a sweet light, which when refined, can give them more money than how much they buy is,

Again can you kindly tell me why oil Price should increase here in Nigeria, when the price fall it increases here, and when it increases, it also increases here, can you explain that kindly

Not all commodities have a large amount of it passing through the strait of Hormuz. Oil is the main commodity in that category.

When crude oil price increases internationally then there is no reason why pms price will not increase. Do I think pms can be sold in Nigeria at less than 600 even now? Yes but you can't tell a private company how much to sell. The sector is deregulated, therefore the market forces will determine the price

Putindbutt:
Is it through lies, misinformation and propaganda that election losers want to win the election. You don't know jack other than copying and pasting.

It's to eliminate multiple taxes at the state and local government levels and not all traders are going to pay.




Traders with 12 million annual turnover or less are exempted.

It is the ones with the highest turnovers that have the lowest margins

givedemwotowoto:
You have an unused farmland, and a farmer comes and agrees with you to farm on the land and share proceeds with you in the ratio of 60 (You) and 40 (them).

When you get your own share (60%), how much did it cost you to produce?

Tell me exactly how much Nigeria invested in oil production to warrant the subsidies you’re confidently mentioning all over this thread.

Production costs are not constant and they are offset by joint venture cash calls. Both parties pay for it. Right now, the right thing is to stick with no subsidy. Enter bus if you can't fuel your car and any excess money the government has should be used to develop other sectors of the economy

It can't work because there are traders that make less than 0.5 percent

However small businesses that have address can be forced to file VAT

madskills:
so what happens to using some part of the higher profit from export sales as subsidy for products imported

If you are producing something, will you consume it free? Subsidy is best avoided, it is better to structure your economy so that citizens can afford what they need rather than having subsidies. There is also an accounting challenge in subsidy and it opens a loophole for stealing. There are many countries with more oil per Capita than Nigeria who don't do subsidy

IGBOSON1:
The thing with your sort is when you're looking for straws to clutch on to in your bid to try and defend the indefensible, you either suffer from selective amnesia or you unashamedly tell half-truths! You're always quick to try and 'justify' cheating, lust for power, greed, nepotism and tribalist tendencies and you have zero sense of fairness, justice or even shame while you're at it! Had it been just the Igbo accusing you emilokan acolytes of imbalance and unfairness in your appointments at the federal level, you could trot out your usual accusation of Ndigbo juts being 'petty and sore election losers'! But virtually ALL other regions/ethnicities have accused you of this....not just the Igbo, so there has to be some truth in their accusation! Instead of you to have some introspection and be guided by what's left of your conscience, you instead resort to digging in to your position and insisting you've done nothing wrong!

The reasonable and fair-minded likes of Dele Farotimi, Fawehinmi and Fela (just noticed all their names begin with the letter F....could this have some sort of significance in the cosmic and metaphysical realm? ) have convinced me Yoruba with selfish, materialistic, unfair and hateful character traits common to the emilokan brigade are the noisy minority and are not a reflection of the wider ethnic stock!

I started by pointing out how you resort to half-truths, revisionism and outright lies in a bid to try and 'justify' the type of winner-takes-all politics you engage in! This was on display in the kind of 'argument' you were making to 'justify' why your south-west should get 14 or 15 ministerial slots, based on their population, while the south-east (which last time i checked is supposed to be equal and not subservient to any other region) should get just 5. I take it all those 14 or 15 slots you propose for the south-west will be filled by Yoruba? Would it be a fair assessment to say the large population you attribute to the south-west owes largely to Lagos state? If you answer in the affirmative, can we then also say the large Lagos population is a result of its multi-ethnic and cosmopolitan nature which in turn is a off-shoot of the political-economy in place from the late 60s to present which has dispproportionately favoured Lagos over other cities in other regions? If once again you answer in the affirmative, i would hope you would now begin to see where i'm heading with this? I mean...do you still wanna argue that your south-west should fill 14 to 15 ministerial slots (all made up of your Yoruba ethnicity) while the south-east are given only 5? In light of how i just tried to explain the injustice in your argument, most people holding on to such a position and who still have some sense of fairness, justice and a modicum of shame would apologise profusely and repent, but given the much i know of you.....i'm not holding my breath!

How many slots are you ready to give the millions of other ethnicities residing in the East out of the five that you truly deserve if the SW has 14? I am not saying Igbos should not be given SW slots but are you ready to give Yoruba SE slots? The Yoruba in a place like Anambra have numbers to hold a rep seat and some local government chairmen. Not to talk of Rivers and other places.

Leave Lagos, Oyo and Ogun combined are more than 150 percent of the SE in landmass and they have a higher population than the zone. Do you agree Oyo and Ogun should be five states?

The only way out or way forward is to split the country because the injustice is just too much

Sheuns:
Is 70,000 naira per month a competitive wage if you sell petrol to your people at international prices?

Pms is not sold at international price in Nigeria because production costs are not the same. Price differs from country to country depending on labor costs for refineries.
What I am saying is subsidy is best avoided if only because of the accounting challenges. It creates a big loop hole to steal money. Let everything be business, pay at market rates and also fight for good wages

It is a free market so expect all these price gymnastics whenever there is an excuse for it but so far the importation of pms is not banned then what happened in the cement sector will never happen in the oil sector and the price of pms will soon drop

cunny88:
But then we should have some benefits as citizens of an oil producing and oil refining country.

Initially, the excuse was that refineries were not working and we had to import refined crude, what is the excuse now

The only benefit is that your government can operate with one of the lowest tax to GDP ratio on Earth. They leave the economy alone without taxing it and that same benefit is what has led to the downfall of the country since the end of the first republic

do4luv14:
Pls can you come clean on these,
.these isn't clear enough, as to why the price in increasing at home

Crude oil like cocoa, groundnuts, coffee or cassava etc are traded internationally. Their prices are international. There might be slight variations though according to grade and etc

Sheuns:
The purpose of government is to provide good governance to the people it govern and not make profit.

The federal government if they had a functional refinery are supposed to set aside a certain amount of crude that will cater for local consumption and has to be lower than what they sell to international markets.

That’s what Russia, Saudi Arabia and some other oil producers do.

That is just an unnecessary complication. It is better to sell at market rate and also pay your workers competitive wages. It does not make sense to sell at two rates

givedemwotowoto:
If your friends pay you a lot of taxes on their personal and business income, pay VAT for what they buy from your stores, pay multiple taxes and fees for even bank transactions……..

then yes you sell petrol lower to them if they consume only 20% of your crude oil output, if that petrol is one of the most essential things they need in the country to be productive.

This is common sense.

It does not help business at all. Business should be separated from all that. No need for subsidies better ask for salary increase

givedemwotowoto:
Nigerians consume only 327,000 barrels daily out of over 1.6 million barrels produced daily, and the government still makes huge profit.

In addition to that, government still has over 1.3 million barrels to sell to the rest of the world at the global oil price and make even bigger profits

Why must the local population pay the price of rising global prices even when their purchasing power is already very low from Tinubu’s policies?

If you are in business, do you sell lower to your friends and family members? Then a large portion of Nigerian crude is already pledged to pay debts. Also, if you sell lower to Dangote, that is going back to subsidy again and I personally don't support that. I believe and hope hostilities in the middle east will soon end because I read American analysts on Quora saying if Iran actually closes the strait of Hormuz then it can't be reopened in less than three to seven years and pms price will at least double

MrPOTUS:
As long as they've refused to fix the power sector, it'll never pay the consumers. Na inflation upon inflation.

While they rebase it and tell you the inflation is going down on paper

I believe pms can sell for lower than 400 naira if Dangote sells the controlling stakes of his refinery to the public. This is because it is sold for as low as that in some middle income countries in Europe and Nigeria is the lowest of low income countries

tubolancer:
But the people will suffer and the looters will spend the gain, that has been the way.

Would you prefer the government have no money at all or even less money? Do you think the people will gain as a result of that?

givedemwotowoto:
So you mean Nigeria is now making a lot more money to take care of the local needs of Nigerians?

The government will make more money because they are now selling oil above the budget benchmark. It means it will be easier to pay debts and finance the budget.

MrPOTUS:
Yes we know, but country like Nigeria is worse hit, coz the leaders refused to do the necessary things.

No light, petrol and diesel don cost. Just see how price of everything will skyrocket going into this week

The price of PMS in Nigeria like the price of garri is now left to market forces and it is better to learn to live with that. In the long run, it will pay the consumers. It will not end up like the cement sector

If ships can not pass through the strait then transportation becomes more expensive and supply becomes an issue pushing up the price. Once the price of crude goes up then Nigeria's federal government will gain but consumers of PMS will have to pay more for it. Nigeria will not sell to Dangote or anybody at lower than the international price. They are not even obliged to prioritize Dangote

valentineuwakwe:
How does this explain actions even works? Fuel we refined here and pump to our darling dangotte refinery to refine n sold to the local Nigeria market is what they are telling me Iran/Israel -US war is making prices in Nigeria go up!
May God help Nigeria!

Local refineries are not buying crude oil cheaper than foreign refineries and Nigeria is not even obligated to sell to any local refinery

There is no need to warn. You are doing buy and sell and you have competitors

MrPOTUS:
Do you guys or companies in Canada depend on generators for power?

Only transport sector will be affected thus affecting general prices just a bit.

But here in Nigeria, power is epileptic. Companies will buy Diesel at high price to produce, buy petrol at high price to transport their output. And you think price of goods will ever remain the same?

Guy, no make this yeye comparison again o

He meant it is a global phenomenon. Refineries all over the world buy crude oil at the same rate and it affects how much they sell.

Heffalump:
This is the reverse ideology created by the enemy of Israel I wrote about. The aim is to extinguish the historical existence of Jesus, whose ancestry is traced to the Jews. The devil want to neutralize the theological linkage that actually brought about Christianity as evidenced by the teachings of Islam and other religions, even though these religious bodies emerged many years after Christianity was established on earth. The game plan is well mapped out and understood.

You've just proved that in your comment.

The sad story for these evil forces is that they are a failure from the very beginning. Their mission has failed long ago. If they succeed, then know that God is not God. But this is not possible! Israel can never be destroyed. It's only a fool that keeps trying just to get himself consumed eventually.

You said Jews are most hated and I pointed out to you you are wrong. Their only problem was they had no state but they now have. Some other people like the Roma in Europe still have no state or even ancestral homeland to claim. Many other large groups live on their land but don't have control over it.

Of a truth, I am seeking the end of Christianity and Islam because they have added only misery to humanity. Before them, humanity did not have any reason to fight or hate each other over God. I believe as a society we should go back to the pre religion era when God was a universal father and not something or someone to fight over. That is what I believe. Fighting over God is decivilization.

Nobody wants to destroy Israel but some people are saying Palestinians who were displaced from their land by Jews should be allowed to return to their towns and villages and form a government over their land. That is the issue and not destruction of Israel. You are mixing everything up.

IGBOSON1:
Not surprised my reply to your post was conveniently hidden by the anti spambot. I anticipated that happening so i saved my post. We can open a new thread on this issue if you like....where you can't hide behind anti spambot to avoid dfending your jaundiced position! One only needs to take a cursory look at your recent post history to know what you're all about and your purpose on this forum!

What are you talking about? Is a zone with 55 million people supposed to share something equally with a zone of less than twenty million people? NIN statistics apart from other statistics like voters registration show these things. The SE as a whole is eighty percent of Lagos state by population. Oyo and Ogun alone surpass the population of the SE. How then do you think the Nigerian arrangement is fair to the NW and SW? We are not talking of tax yet o!!

Grace2Grace:
I'm not surprised. The whole world is expressing outrage too.....

This is not a Nigerian thing...

It's a global thing...

If u want the prices of fuel not to increase, beg USA and Iran to stop the war... It's that simple...

No be everything we go blame on government

It is a hangover from the subsidy era. They don't know fuel is now like garri whose price can not be determined by government

chigator2:
I won’t explain further because it seems that certain sections of some people’s brains have gone on sabbatical leave till 2027 or possibly 2031. About support, regional policing is better than state police for the Nigerian context, aside compromise of neutrality, too many subdivisions create room for higher overhead costs and chaotic coordination of the entire policing network between all states.
Are you prepared for cases like “this man is wanted by police in X state or the EFCC but Y state’s police says they can’t locate / provide him meanwhile they are currently offering him security escort services” We all saw what Ododo did for Yahaya Bello so paint the remaining part of the picture

I am an Ijesa man, a nation established by Owa Obokun onida arara a prominent son of Oduduwa. We have been protecting our territory for over a thousand years and your views expressed on this platform will not make me accept that we are incapable of policing ourselves. We have done more than that

SarcasticWords:
This looks like fake news. They are selling fuel in my area 700 per litre.

This fake news is nothing but propaganda from opposition parties.

Asiwaju 2027 here we come. All nigerians are fully in support of you.

That will be an area served by one of those small refineries