Urheadmaster:
Why did wike form the G5 during is tenure as the River state governor under PDP

Because PDP broke their principle.

Wike as a man with balls showed Atiku who the boss is.

Fake news from Obi people.

Soludo is the best governor Anambra state ever produced. We are not fooled with all this propaganda.

Afamed:
Tooor , the end has finally come for the serial loser.

The Dubai fugitive is as desperate as his Judas Iscariot comrade in Labour party

Alhaji Atiku will be finally retired in 2027 Insha Allah.

Urheadmaster:
Wike is anywhere belle face kind of politician.


He isn't qualified to be considered a leader of any party in Nigeria

You don’t know what anywhere belle face mean.

Wike is the leader of the PDP.

Atiku should pay homage to Wike now and accept Wike as his leader.

God bless PDAPC.

As the crisis over who controls the soul of the People’s Democratic Party, PDP, rages on, a northern group has rejected the overtures of the 2023 presidential candidate of the party, Alhaji Atiku Abubakar and rooted for the leadership of the Minister of the federal capital territory, FCT, Chief Nyesom Wike.

Just three days to the crucial.meeting of the national executive council, NEC of the party, Arewa PDP Transparency Group said the recent media war over who becomes the national leader of the major opposition party to champion the affairs of the PDP in Thursday’s NEC, meeting was unnecessary since Wike has the capacity to turn the fortunes of the party around for good.

A statement by Hon Haruna Bature, national chairman of Arewa PDP Transparency Group on Monday said “leadership means care, concern and responsibility. It is not self serving, not periodic and not spontaneous. The PDP as the biggest opposition party in Africa has suffered a lot of Leadership Crises which resulted in its loss of Power at the National Level from 2015 till date.

“These Crises are largely self inflicted due to insensitivity, lack of political vision, lack of care, concern and respect for the Vision of the Founding Fathers of the Party, and for the yearnings and aspirations of the Nigerian Citizenry. Charity, they say, begins at home. A Party whose Leadership cannot take care of its own and showing good leadership definitely cannot take care of Nigeria and offer good Leadership.

“We wish to particularly bring to the attention of the Leadership of the Party that the Fears by some PDP Leaders about His Excellency, Chief Barr. E. N. Wike’s appointment in an APC Government is born out of jealousy, hate, bitterness, bias and their blindness to the political reality that the failure by the PDP to ensure power rotation to the South led to its loss of power at the centre.

If such fears are genuine as they claim, why was the PDP still able to win Governorship and other elections in States across the Nation?”

Bature noted in the statement made available in Port Harcourt that having assessed the performances of these leaders, “Arewa PDP Transparency Group says no Self Serving leadership only at times of political interest, non-inclusivity, lack of concern, sustenance and responsibility in the management of the affairs of the Peoples Democratic Party and

hereby endorse His Excellency, Chief Barr. Ezebuwon Nyesom Wike, CON, GSSRS, POS Africa and Life Bencher as the National Leader of the Peoples Democratic Party”.

Source: https://www.vanguardngr.com/2024/04/pdp-crisis-northern-group-rejects-atiku-endorses-wike-as-party-leader/#google_vignette

Idebaj:
Trust me ,most of these vessels will sell these products outside Nigeria contrary to the local supply plans

Why should we trust you?

Amotekun don talk.

They should round them up and take them to the shrine for cleansing. It’s evident shishe shishe and eedi ati asasi dey follow them.

Even if we want a Yoruba nation, is it by invading the Oyo government house and declaring sovereignty just like? So what happens in Ogun, Osun, Lagos, Ekiti, and Ondo? Will they have Nigerian governors while only Oyo have Yoruba nation governor? What about the military? Is it going to be Oyo soldiers vs Nigerian Yoruba soldiers?

These guys should be flogged mercilessly at the Oja Oba market for this shame they brought to the Yoruba people.

Ganduje, the most loyal politician to Jagaban ever from the North.

Nothing go shake you because Asiwaju dey behind you gidigba.

Those ward guys no even get up to 24hrs of fame before owo palaba won shegi.

Kukutenla:

It's obvious you and that guy have problem of comprehension. Go and read what I wrote well.

I wrote refineries not local refiners
I'm referring to NNPC's refineries that get statutory allocation from NNPC crude.

Together, they have capacity of 450k.

Compare that with your local private refiners whom you're referring to with combined capacity of less than 30k and it'll be clear who is saying rubbish.

Go and check the margins of the records you posted yourself and see if the amount not recorded for export is 30k never mind that there were no private local refiners until very recently.

Always learn to understand issues and context appropriately.

I wrote local refiners in my mention to you and I even mentioned Edo refinery in it.

Even in your JAMB question on your post, you asked “ Who is NNPC seeking crude to locally?”. That’s when your brain is playing pranks on you because your brain can’t understand that NNPC do sell crude to local refiners.

Dead this argument, you are talking jargons all through. Note that I am not arguing with you again, because you have lost the right to that from me.

I am just scolding you like a child now. So you either pay attention and listen or continue this path of fighting against logic.

Kukutenla:

Exactly. Stop making silly arguments because each party is responsible for how much oil is produced under them. The variable they don't control is the crude oil price. If all you want to do is make excuses for APC's failure, I'll be happy to oblige you.
It's obvious you enjoy being confused. How many modular refineries do we have and how many are operational. The largest refineries are govt owned with over 400k capacity. The modular refineries even from your link have combined capacity of 30k. Besides, as at 2006, there were no private refineries in Nigeria. The first one was commissioned in 2013 and I'm sure it was not fully operational then. As a matter of fact, it started operations last year.
Govt refineries get free crude. And they get it periodically. That's a fact and it's their volume that can account for that differential in your unreliable data and not some measly 30k refineries that hardly operate. That Edo refinery you brandished has just 6k capacity. Is that the refinery that accounts for a differential of almost 500k between produced and export?

It’s now evident you’re just trolling.

—This is your premise: Nigeria NNPC do not sell crude to local refiners.

—I showed you evidence showing they do sell the crude.

—Now your baby self is crying that it’s only 30k or 2k barrels, how is that my freaking business?

—So if no Nigeria crude refiners can refine, who are NNPC gifting the oil to then? Are they using it to fry akara?

You can see I no dey take you serious again, you’re still a child.

Kukutenla:

Again, nnpc does not sell crude to the refineries. It is given to them freely for local consumption. It is just like the 90k barrel used as collateral for Afrexim loan. It will not reflect on nnpc books because it's an allocation for the Gazelle group.

At this point, I am not arguing PDP generated more revenue than APC with you again. That argument has already been resolved with the data I presented. So you either accept the self evident truth or find one of your neighbor to continue the nonsense argument with. I have better things to waste time on.

For the above, NNPC sells to local refiners, stop saying rubbish on the internet.

How can you even imagine NNPC will give it to them freely? Do you even think at all?

Read the below and cure your nonsense ignorance.

https://businessday.ng/energy/oilandgas/article/local-refiners-now-buy-crude-in-naira-at-cbn-dollar-rate/?amp=1

predictor1:
You are splitting hair, monkey. The claim from legendhero and generadae was that pdp had better oil prices on average than apc, in some cases an average around $100 for certain years. You said it wasn't so. These calculations proves again that you are nothing but a pretentious idiot. If you had any shame you will curl your tail between your legs and run.

Under Jonathan he had an average of $88 for his six years. Is that not close to $91 enough?

Don’t mind the guy. He was probably bored and trolling people because how can he consistently argue against logic for almost 3 days.

Kukutenla:

You have to care. You can't claim PDP had more arsenal as if it's simply a game of chance. It's not. PDP managed Nigeria's oil output better but they never had better oil price. Mind you, I hope you know that under the PSC they had with the IOCs, APC have actually reduced the sharing formula so as to increase their revenue from oil. It's one of the reason for divestment by IOCs from Nigeria because Angola has better. So again, whose fault is that going to be? Chance abi?
You can't start from 2006 and claim they've had better. Let's do head to head.
1999 to 2008 first 9 years of PDP. 2015 to 2024 first 9 years of APC. That's how to compare data. Not this rubbish you're doing. Anything outside that is to use average oil price which is even more transparent and the average oil price shows that PDP are not better off than APC.

Like I said, I am not here to argue who did better in terms of oil production, what I am arguing is who had the most revenue during their stay because that is important to be able to adequately defend the naira since Nigeria earn majorly from crude exports.

If you want to debate the crude oil production and how PDP perform better, you can open a new thread.

You are just going around in circles, now you are back to square one. I presented multiple data sources and even gave you a pivot chart to prove my point, but it was you sharing a jargons from an dommmy newspaper guy that is right and I legendhero is the one saying rubbish?

At this point, it is as if I am arguing with someone intentionally acting a dummy. It's 1:29 am here. Signing out.

Kukutenla:

Any researcher knows you can't work with incomplete data and claim to have reached a sound conclusion. 1999-2005 were the worst years under PDP with respect to oil price. 2015-2021 have been the worst years for APCwere oil price is concerned. So it makes no sense to compare PDP's best years with APC's worst years and claim PDP got a better deal.

You are wrong, during 1999 to 2006, Nigeria exported an average of 2m barrels per day for all those period. Below is my data source from actual OPEC report. You will find it on page 37 of the document. If you multiple that by the price you gave, PDP earn far more in their lows days than what APC earned.

By the way, you said it won't be fair to compare PDP best years with APC worst years because of the time difference between 16 & 9. Then why are you all not patient till when APC will reach 16 years in power to know if they are actually far better than PDP? What if Buhari period is the lowest of the low in performance APC can get?

https://www.opec.org/opec_web/static_files_project/media/downloads/publications/ASB2006.pdf

Again, we have to use average because PDP have been in the saddle for 16 years and APC 9. So if we're following trends, APC have had better oil prices.
1999=$19
2000=$30
2001=$25
2002=$26
2003=$31
Above is the first four years of PDP average oil price
For APC
2015=$48
2016=$43
2017=$50
2018=$65
2019=$56
That's from your macrotrends website and it tallies well with what the two newspapers reported. From the above, it's obvious who had better oil price than the other in their first four years and the trend has largely remained the same. So don't go and hide under CBN started from 2006. CBN is not the only source of data and as a matter of fact, CBN data can't be more correct than that of NNPCL or NBS. I'm just putting that out for you to know.

Don't be a doommy like the newspaper guy. What you first need to deduce from this statistics is "What is the $$ revenue from all this"? In all data on earth, PDP earned way more than APC earned. Stop mentioning first 4 years, what should I do with that? How does that help our revenue argument? So we can't trust CBN data? You are even more weird that I thought.

[b]NNPCL does not sell locally. T[/b]he difference you're seeing between production and actual exports is usually because of supply to refineries and those used to settle outstanding supplies agreement and of course lately under APC, theft. Who is NNPCL seeking crude to locally? So your claim that PDP earned 130%+ than APC is a lie because the oil price has favored APC more year to year than it did PDP. What you're banking on is production volume and we know the more corrupt a govt is, the less production. So you can't blame anyone for that other than the party you support.

@the bolded, it's clear I have been speaking to a primary 2 kid. NNPC usually allocate crude for local refining. So those that are refined locally according to them, will they not sell it and earn from it? Even if they use it to settle supply agreement like you mentioned, won't that also have a dollar value? Even till today, NNPC still allocates to local refinery like that one in Edo.

Check this report, you will see the local allocation for refining in 2007.
https://www.cbn.gov.ng/OUT/PUBLICATIONS/REPORTS/RD/2007/MAIN%20REPORT-4.PDF

What is being debated is who got favourable oil price. That's what buhari claimed and he was busted. You can see the papers did not delve into crude production and export because that is a function of transparency and efficiency of the govt. They can even claim to have exported only 1.5m. Who will argue with them. All the talk of crude theft under APC started the moment oil price climbed above $70.

Yes and with the average, even your friend predictor1 calculated $65 for PDP and $62 for APC. Mind you, PDP have longer spread of 16 years compared to APC of 9 years.

Even who got favorable oil price, it is still PDP. Have I been typing wrongly since? Did PDP not get favorable oil price than APC? By the way, what is the intent of Buhari for comparing PDP& APC? Was it not because of the revenue and what they did with it? So why won't you factor in the crude output and revenue?

Kukutenla:

Oh so you're back to average crude price now?
Why start from 2006 though?
Why not from 1999?
When you wanted to calculate exchange rate with your fake maths, you had no problem starting from 1999 because it suits you.
Your brother predictor1 has already done the average from 1999. Go and check and see if there's any much difference between the two of them instead of this your crooked statistics

I just gave you all the metrics. Both average, whole, and etc.

Again, I started in 2006 because that was the data available on CBN website. I don't want to be like that dummy newspaper guy who don't have fact at hand but instead said lot of statistical jargons to deny Buhari assertions.

So I used CBN official source so you won't question my statistics.

From the data predictor1 did, if you have any statistical brain, it is evident that PDP had the highest average. What exactly is wrong with you? What are we even arguing when the same chart from him clearly reveal PDP earned more on average and had more average selling price?

You need to calm down, listen, admit your wrongs, and argue like a sound mind.

Kukutenla:

So whose fault is that? If a govt can ramp up production and another cannot but leaves the oil for their party members to steal and bunker, whose fault is that?
It seems you don't even know jack. Crude output is a factor under the control of the govt. If the govt doesn't have the wherewithal to ensure crude production, then it can't blame anyone for its own misfortune.

I am not here to direct fault at anyone. i don't care whose fault it was, what I just know is that PDP earned way far more than APC and they had all the arsenal to defend the naira better. That was the damnn argument on this thread.

If you want to argue about crude output and the politics of oil bunkering that decreases our output, we can open another thread. Stop diverting.

Kukutenla:
[url][/url]
It is obvious that you're not a smart person. So you went and picked 2006 to 2015 for PDP and ignored the 1999 to 2005. That sounds reasonable to you right?

I picked 2006 to 2024 because that is the data provided on CBN website. If they had provided 1999 to 2005, I would have included it. Sorry that I initially thought you are smart because shouldn't you even be happy that we only had 2006 to 2015 for PDP? If I had included 1999 to 2015 overall data, won't that have supported my argument and show PDP got way way more during their period than current APC contrary to what you initially opined?

And I can see in your calculations you used crude oil produced to multiply price per barrel when it's obvious from the data that not all crude produced was exported.

Yes, they have both production and actual exports. In the other mention, I already told you PDP earned over 130%+ in export than what APC earned. The export earning is even more compared to only production earnings. You know they also sell locally too.

What is being debated is oil price on the average because that determines who got more favourable oil price to work with. It is not PDP's fault if APC cannot meet their oil output. That's part of what is expected of a govt to control. Even your Tinubu has been claiming to want to increase oil output to 3mbpd.

You are a liar. What is being debated is that who earns more between PDP and APC. That was my argument earlier because I said when you want to include all economical indices, you have to look it as a whole. Mind you, even on average, PDP sold more crude oil average than APC. It is in that CBN data, you can use Excel to analyze it yourself or use python to tabulate the charts.

So it is simply dumb of you to cherrypick years to calculate for. PDP worked with oil price below $30 for the first four years. APC has never had oil price go that low yet they make the most noise.

You are saying nonsense here. You need to always work with average when presenting data like this. You can claim PDP sold for $30, but what about the highs of PDP over $100 consistently? Don't you think we can bring that argument too? That is why you work with average.

Then they gather bigots like you to come and make ethnic bigotry the centrepiece of national discourse.
Another thing is how crude oil theft/ bunkering became a thing under APC. I'm sure you won't ask yourself who are the beneficiaries of that to the detriment of the country and how that will affect official output under APC.

Lol, emotional blackmail again. Where is my bigotry in our arguments? Do you even understand the meaning of "bigot"? You better go and cuddle your other half so you can at least be in a better state of mind because you have started saying jargons.

predictor1:
On average PDP generated more even without considering oil output. I just showed the fool.

You’re right.

Just that how I approach Nairaland argument is from the matured side. When I speak my fact and someone keeps writing epistle to oppose a self evident truth, I just lock up and face other life stuffs.

How do I continue to argue with someone saying 2+2 <> 4. Then use mathematical jargons to tell us know it wasn’t 2. If na you, shey you go continue arguing with that kind person?

Kukutenla is just a PDP/LP supporter who is not bold enough to own up to his party and biases. But he hypocritically accuse people like us that are bold to identify with one party ideology as being a paid hand.

lol, how much APC wan pay me? How important am I for Tinubu to pay me over $100k annually for defending him on Nairaland?

Kukutenla:

I am not done with you yet.

From CBN data, let me give you the metrics.

—Using PDP 2006-2015 (9years)
—Using APC 2015-2024 (9 years)

—On average, PDP earned over 109% more of what APC earned on the crude production number alone.

—On average, PDP earned over 133% more of what APC earned on crude oil exports for that time period.

Kukutenla:

More facts from the CBN data.

--Below is the average crude oil price for the two party for those period. Can you compare PDP $90 with APC's $66 even with the limited data?.

Kukutenla:


To show that you're mentally retarded. This was your claim

And some of your figures are even wrong even from the macrotrends website yet you couldn't prove your $91 for PDP and $56 for APC.

You see that you're a nutcase now? LegendHero should come and see one of his fellow dumbasses that they support APC together

I have even forgotten I am arguing with someone online because your IQ is somehow low and you're trying to use mathematical jargons to portray yourself as up to par..

Now let us get straight to it. Below is the crude oil production and price from CBN Source from 2006 to 2024. You can download the Excel too.
https://www.cbn.gov.ng/rates/crudeoil.asp?year=2024

I did a quick Excel pivot chart on the CBN data and below are the figures. I added APC and PDP based on the years and I assume APC started in June 2015.

—From 2006 to 2015, PDP got $23,034m
—From 2015 to 2024, APC got $10,986m

You can see I haven't even added PDP from 1999 to 2006 to the figures. It is only someone that is doomb that will believe APC earned more than PDP because a nonsense Nigeria newspaper that can't do research say so.

Sometimes, I take my mind off petty argument on Nairaland. I argue for few thread and I am done. But from those I have been arguing with, you tend to have the lowest IQ.

predictor1 just wasting his time arguing with you since yesterday from the thread.

Neckpresser101:


Yoruba Nation terrorist sympathisers

Terrorism and Yoruba don’t go hand in hand.

Those guys are just misguided folks. They probably just left mental home.

Terrorism only exists in the East and North based on what I heard.

y3mi:

Don't sweat it bro!
Nairaland is filled with reasonable/rational folks as well as gullible and embittered souls. The latter are the ones who comments 95% of the time. The former just read, sieve the lies and truth from a posted news. Digest it and move on.


Bro does that report sound like it's even remotely possible, it reeks of all the elements of a stitch up!

Truly e get as e be.

But we will still understand what’s going on.

What are they even thinking?

You want to start your agitation and na governor office be the first target for you?

These comrades have lost it. Is this a comedy?

What about the one for Kirikiri?

Penguin2:
Tor

Ogbonnaya Onu is a classical example that no Igbo man will get anything from this people by remaining in servitude to these people.

When they make those stupid assertions like “if Igbos want power they must align with the center…they have to vote APC”, I just laugh. Because what they are doing is asking you to come and become their next useful idiot.

Onu has been with these guys since 1999. He never defected. He closest friends and allies were northerners but what did he gain at the end? Tears!

I saw him crying like an infant suckling his mother’s breast during the APC convention and I couldn’t help but cringe. Nobody acted like he existed. When he was done wailing, he left the stage in shame.

Orji Uzor Kalu who has equally been slaving them since 1999 equally ended in tears when he was crying like a little child they took her biscuit at the floor of the National Assembly.

Rochas Okorocha nko? They humiliated him until he respected himself and went and hid in shame. Despite his servitude to them, they sent EFCC to go and remove his zinc and capture and humiliate him like a common criminal.

Umahi is on same trajectory and I can already predict how it will end for him - in tears.

And I see a lot of people who claim to be Igbos fooling themselves here in the name supporting APC; toeing the foolish path of the fools before them and I always laugh at them.

Igbos will never gain anything being of servitude to this people.

If you don’t learn from history, you will just end up as just another historical specimen.

It’s cool you are now accepting your minority status in politics.

You should always know your place in the hierarchy.

Kukutenla:

Again you've shown your poor knowledge and ability to understand. Your headline says 18 year low. The news is from 2020. That means the oil price fell to the rate it was in 2002. Is that not under PDP?

Below is the oil price chart. Looking at the trend alone, you will see that it fell in 2020 to that amount as reported by CNN. Yes, in 1999, it was also at that $24 and it rose from that point to a massive $109 at some point in 2012. Check the data, do you see that PDP deserve a curse for squandering all those huge revenues they generated?

Anyway, so you don't go about deceiving yourself that you have a point, your claim about $$ revenue, which is actually a rehashed tale that was started by Buhari has already been debunked. Here are links below that you can read to see how false you're claim on $ revenue is. I'm pretty sure if you add Tinubu's revenue from oil, it will surprise you that APC have actually had higher oil price on average than PDP years. PDP were simply more prudent. Or is that calculation and research you're too mentally lazy to do that's making you regurgitate APC's false narratives that's been debunked multiple times

I don't need a report to understand the $ value of crude oil revenue when it is an open information. Looking at the chart below, repeat the jargons about APC generating more than PDP again, let me hear. When you factor crude revenue, you will factor both crude price and the output per year to get the true picture.

Lol PDP prudent, e no go better for PDP. Even the crude oil output during PDP was so massive and at some point doing over 2million bpd steady coupled with that ridiculous price average, what did that useless party do with the money? Where are the infrastructure and where is the production?

See the 2015 average when Buhari took over, tat is $49
https://www.statista.com/statistics/262858/change-in-opec-crude-oil-prices-since-1960/

Kukutenla:

I'm seriously beginning to doubt that you're a Masters degree holder. What technical term have I used that will be difficult for an average educated person to understand? Forex revenue is an extenuating factor that is not calculated into rate of depreciation. You're just showing your ignorance in a bid to sound intelligent. I gave you example of inflation and exchange rate and you still managed to turn it upside down.
What context are you arguing on? You're applying wrong maths and you're claiming context. Can you give a link to the formula you used for calculating exchange rate depreciation?
You're the one who made the claim of $$ revenue. Kindly substantiate it!

Wetin your doubt go do for me? Will it put $$ to my account?

Next time, you will understand argument context before delving into it. If you are going to take the argument to application of formular for this basic discussion, then bring all the parameters and use the same calculation to tell us the value of the forex PDP generated in their 16 years high and compare that to what APC generate so as to know who actually is better among the two parties.

You cannot choose to use calculation for the parameter that favors your argument and then ignore other factor that make the whole.

I should give you calculation to calculate depreciation? You no sabi use google abi you dey pay me for Nairaland lesson? See this one.

Goodlady:

I sabi book pass you. From eye witness accounts, dollar was close to N100 as at 1999.

From my own eye witness, dollar was close to 2 naira in 1999.

Can you see how dummmb that sound?

Lemos14:


You didnt have any IQ to reduce before you're an outright idiot my friend

Mynd44 fergie001 seun

When I reply back now na blocking for me.

GeneralDae:

Under Goodluck Jonathan, despite an average oil production of 2.2 million bpd and crude at over 100 dollars per barrel, the reserves were still used to defend the naira aggressively amongst other things. Reserves were at 28 Billion dollars gross when he left. He inherited around 44 Billion dollars in reserves.

Don’t mind these guys . Kukutenla Abi Wetin be him name no understand all these basic stuffs when trying to absolve PDP of blames.

There was a period oil price crashed below $20 compared to near steady $100 of Jonathan period coupled with Covid-19 slowdown and etc.

But they want us to just take it as isolated case as tho both PDP and APC both have the same $$ revenue arsenal to balance the exchange rate.