₦airaland Forum

Chai, upper cut for omokori. Finish him, finish him, somebori give me combination 😎

Yep, way to go. Kyari has done a wonderful job but will be gone by 2026, and then it’s Mahmouds turn to also go in late 2026 before the presidential primaries. It’s all coming together

Total BS. Mudasiru clutching at the straws to save face. Apology ko, archaeology ni. Better go and start attending as floor member before things get worse sir

owobokiri:
This country is shameless.
Two of Nigerias ex presidents being summoned to Paris as if the courts in France have competent jurisdiction over Nigeria. And these inebriated ex rulers and their online herds of headless chickens have been busy trying to pass their ridiculous appearance at those foreign courts as a win for Nigeria! So France now determines who gets what how and when in the Nigerian oil industry? Why are the presidents of Iran and Qatar or Venezuela not being summoned to testify in these French imperial courts?!
Nigeria is just a huge joke.

Not that easy bro, these contracts are scoped with clauses that state disputes are to be resolved by a neutral jurisdiction. Foreign partners having being burnt by Nigerian cash and carry courts severally, choose a neutral jurisdiction to arbitrate.
It’s not a big deal which is why you wouldn’t hear other countries making a fuss of it. Venezuela lost an $8 billion (yes 8 trillion naira) case just last week so be careful what you wish for, I’m sure you know if Nigeria lost an $8b case, its next level t-pain

https://www.offshore-energy.biz/nearly-9-billion-win-for-conocophillips-as-venezuela-loses-arbitration-case-over-three-oil-projects/

Writing is clearly on the wall. Look at Tinubus last trip to Lekki mosque and that’ll answer your question. Gbaja who’s usually his right hand was no where to be found and clearly doesn’t enjoy the grassroot support outside Surulere.
Moronic Obasa who also has serious influence at the grassroots pretty much ruled himself out with his antics at the budget presentation. HMO has never been on the ballot and is not part of the SEC (unlike the past 3 governors).

Hazmats the man, youngest PhD holder, never been desperate for power and comes from a strong grassrooted political family. Only that it’s too early to come out right now, I think he’ll clinch it with BRF and the justice wing of APC Lagos.

Hahaha they want the bastard to work for the US after release, drain every penny from the murrafucka then ship him back to hell to completely rot. Every fraudster and corrupt bastard needs to lethally injected.

Angelfrost:
Nope... You need to enlighten yourself on borrowing properly with proper debt profile management.

If you run a business the way Nigeria is being run, it would be insolvent and bankrupt within a short time, and in that state you lose credit-worth.

I raised clear points about your nation's penchant for recklessly borrowing as well not being capable of repaying or offsetting those debts, yet all you could come up with was a lame question lacking merit.

Servicing debts to the point of non-profitability will destroy any business and economy anywhere on Earth, and that has been happening in this nation for decades! Especially when the loans are taken for ventures or projects that make no economic sense.

While I believe Tinubu will do a better job than his idiotic and dull predecessor, there is still need for caution in borrowing Especially when we still run one of the most expensive governments on Earth for a nation so resource-depleted.


By the way... Is Nigeria a top economy?!! Do our debts have a direct or even indirect reflection on economic growth?!!

It’s obvious to the blind even that the borrowing doesn’t filter down, which is the crux. I bet you, we will still be talking about this project at the end of mr man’s second tenure in 2031.
The world bank, afrexim etc. would freely give Nigeria billion in $$ with exorbitant interest rates, only to be serviced by forward crude oil sales, our common patrimony. smh, I wish them well

vacanci:
You did not give him ur password initially and you claimed he got into your account. yet at the end, you asked that your password be changed.

It is not possible for any one to have just the name of a bank and half of the bank account number and then get into one's account to expose the details. make this man fear God in his lies.

there are other information he supplied to this guy and he is not telling. just bank name and first 5 digits of account number cannot do any scammer any good. Does he know the number of random numbers out there ? if this was possible to hack into an account with just this 2 details, then no one will bank in Nigeria.

He may have someone on the inside, in which case those last 5 digits would be unique to every individual.

Another PBAT masterclass, literally using the North’ divide and conquer mentality against themselves.
How come no one is asking why Akpabio isn’t presiding over these “critical” sessions lol?

What a pity. Is it that there isn’t enough work to do as a governor?
Most of the times they’re always in one celebration or thanksgiving or another. Who really has the time, effort and funds to celebrate 1st, 2nd…. 8th year anniversary?
Common Micheal Jackson you’re better than that!

CSTRR:
It's only on nairaland you would see children of peasants defending elitism.

Peasants o.

People that would never be rich even in their 10th generation defending crooks.

You’d be surprised it’s not only online. It’s central to the modus operandi of Nigerian leaders, keep the majority suppressed, impoverished and uneducated to create a saviour complex.

Actually sad reading through the comments. Mostly from presumably youth as well, who think leaders can get into office and distribute resources meant for everyone, preferentially to a few friends. Some folks with warped minds actually think that is okay?
I really shudder to imagine what the futures like, it is well.

🤔

Kukutenla:
A lot of neophytes do not understand what is going on in PDP
I see them claiming that Wike has won again
Let me just explain it lightly. There are divergent interests colliding with one another.
Atiku on one hand is waiting for 2027 to clinch the party ticket again. He believes and knows that he doesn't need the NWC to do that.
Wike and co already know that with Atiku in the party, they can't get 2027 ticket so they prefer to stay and keep overturning the apple cart if Atiku wins the ticket again
Then there's folks like Bala Muhammad who also has interest for 2027. He also sees Atiku as a stumbling block to clinching the ticket, but also sees Wike as a problem if he wins the ticket
There's also Damagun and his NWC who are smartly playing all sides in the game with the hope of maximising benefits before he hands over power
The likes of Wike believe time is still on their side. Atiku is old and at least by 2031 he can't think of running again. So they prefer to wait out the game till then. Bala Muhammad and Co know that PDP will be weakened if they decide to play the same waiting game like Wike.
It is this conflicting interests that's keeping PDP in abeyance.

Nailed on analysis. I’ll also add that everyone except maybe Atiku realises they have no chance in 2027 against PBAT. Then it’ll be about who can suppress the PDP more for a clear path in 2027 for PBAT, even Bala may win the ticket and not campaign vigorously .
The reward for this dubious stunt will be being on the top or vice of the 2031 ticket. Nigerian politicians are clearly arrogant enough to think they’re God and just assume they’ll see tomorrow, insane!

Quite a few incompetent folks in this administration, look at this one from pwc, honestly without a brain, sorry to say. He should really tell us how many people in Nigeria make over N100m, how much it will raise and you’ll see that’s it’s a drop in the ocean compared presidential jet and new vp quarters. I’m guessing he has no clue how much this would raise otherwise he’d have said or is just been disingenuous. Either ways, not good.

Mr oyedele, the real issue is that majority of businesses operate under the radar and pay 0 tax. Employees already hit by the cost of living crisis are not the issue,
You need to be coming up with a plan to get clandestine businesses into the tax net and monitor their compliance. Also, you should be trying to drive productivity and growth, you can’t tax your way out of a recession my man.

What a damn shame from a “renowned tax expert”

Great news.
Just remaining for PBAT to fire Wike in May 2027 then he’ll suffer the same fate as the Ameachis, Odilis etc
I still don’t understand how our brothers from Rivers have always been a willing tool in the hand of sitting presidents and discarded.
Someone must change this, maybe Sim will, but time will tell

Even baba Akande is feeling the chokehold of Tinubus inhumane policies. Looks like he’s gasping for air.
Only those in government are smiling genuinely in those photos, look at the other chap from Ogun states demeanour… not happy at all

leokid866:
lol you know nothing of politics....shebi it's 4 days away....let's watch.....

https://punchng.com/breaking-app-wins-22-out-of-23-chairmanship-seats-in-rivers-lg-poll/

Mr I sabi politics how far? I bet the coward won’t respond. Just another clueless folk on here

common Mr Falana! You should know that the private company isn’t bound to respond to an FOI request.
Are you afraid of going after Kyari, Heineken and the real gang of thieves? They are the ones to answer your question

leokid866:
the problem is Fubara can only get his men in through APP....Wike has control of both the APC and PDP structures in the state and as bad as it go be Wike will go home with at least half of those LG seats....if not all....cause what structure does APP have to challenge PDP and APC in Rivers......

Broda you should know that in LG elections, the most important structure is control of RSIEC. Those results will be pre written for the APP candidate. APP will fold back into the PDP/LP/NNPP merger. I think that’s the plan, once the PDP gets their sh** together

Eteka1:
Waste of time. You go appoint your Chairmen, pay them allocation from your pocket because they won't be recognized by law.

Hahaha RSIEC isn’t recognised by law? Since when? The chairmen will be appointed, allocation released and heaven won’t fall. Even if they’re removed by the court, it can take years to resolve with careful stalling if it goes all the way to the apex.

We will see where Wike will get the funds to continue oiling his machinery. Rivers ain’t Lagos, you ain’t no Jagaban. There’s no alpha beta in Rivers state to sustain this fight until 2027..

Broveens42:
Primer

Arteta should win the league and ucl first, just like guardiola did before he was appointed

Hahaha I’m not an arsenal fan but I rate Arteta. You don’t?

OkpaNsukkaisBae:
Wait till Pep Guardiola leave England

Arteta is being primed to replace the godfather

PoliticalChinex:
Mumu Boeing dont manufacture tires. They manufacture only the plane engines. Diferrent companies are responsible for manufacturing different components of plane just like cars. Abi nah Toyota dey make toyota tires? olodo

Typical Illiterate nincompoop, when you buy Pirelli or Michelin for your Range Rover , do you also go back to Michelin to look after the tyres? It’s clear Delta and many are trying to absolve & protect Boeings share from crashing by not blaming them. Even if they do not manufacture the engines or tyres I would expect them to remain responsible for parts used on their planes.

For others quoting me, I have no interest in Russian propaganda, simply google Boeing deaths in the last 24 months and tell me something isn’t wrong with either their manufacturing, procurement or maintenance teams. If they continue on this trajectory, it could lead to a bigger disaster. A clear message needs to be sent to them, I agree it will very difficult due to the many vested interests in the company.

Boeing needs to be seriously sanctioned or suspended. The fines are clearly not working, suspend them worldwide for 6 months and they’ll sit up, very difficult but needs to be done or else there’ll be a catastrophe in the States soon, then their eyes will clear.

I do not support Peter Obi but this is embarrassing. It’s a shame we seem to be raising a generation of shallow thinkers. Quote from daily mail
“The offer came after the Olympic team had already arrived in Paris, Enoh added.

'For this track race reallocated to Team Nigeria, a very special equipment (approved specifically for the Olympic track game) is used,”

Are you telling me the cyclists have not been practicing with Olympic grade equipment That’s a bigger issue and actually explains why they didn’t qualify in the first place. In saner climes, they’d be several back ups for these equipment and would be a matter of a phone call and maximum few hours away.
An embarrassing post altogether

Gajagojo:
Reality

Dangote will have to sell a significant stake and he will not get a good price at this time


All the noise he has been making is just blackmail

Ignorant Nigerians have been suckered by his propaganda



Simple truth is it will make no difference where he buys crude from whether in Naira or not. This is a matter of simple analysis not sentiments

Some might ask surely that would ease the pressure on the Naira

Just analyse this

1000 barrels of oil are produced by Mobil or Chevron and Dangote requires 500
The 500 are sold to him in Naira

That 500 belongs to to Nigeria and Mobil. 60;40
So when Dagote pays in Naira the CBN would still have to charge the 40% for Mobil so they can repatriate their profit

Also Mobil will claim that they import equipment and other input and would still ask for and get additional dollars so you can safely assume that even if you sell to Dangote in Naira about half of that will be changed to dollars and expatriated
Also there is every chance of Naira fluctuations such that you sell to Dangote at dollar 1500 and when it is time to settle Mobil it is 1600


On the other hand Dangote can import his 500 barrels and the CBN says to him go and get dollars in the parallel market you are on your own.
Dangote will say okay in that case that will reflect in the price. The government says fine we will allow others to import let there be competition

The latter seems like a rational approach

The latter seems like more an irrational approach if Dangote has to buy and sell on the open market. It will be more expensive to buy and Nigerians will never be able to afford it, we continue importing @ $600M per month so inflation will continue.
The problem is that most of the NNPCs portion of the JV crude has been amortised and spent upfront for loans, the little left over after NNPCs contractual commitment is usually seen as one for the boys, which what the fight is about.
What would have made sense for the Kyari and his cahoots to cede their jv crude (one for the boys) to dangote in Naira, allow him to refine and supply the local market which would free up scarce forex and if there’s any left over Dangote can export and split the forex earnings with the FG.
Unfortunately it seems the boys will rather die or lose their jobs than for this to happen and trust me the FG is very complicit in this whole arrangement. If not, why is there 0 transparency on how much crude have been amortised, how long into the future will Nigerians continue to suffer due to this and crucially, how much bpd is actually left after JV and crude back commitments have been met. I suspect the FG know that there’ll be a public outcry if the true information is made public.

Correct, the governors have agreed they got 500b, they should also list how the money was spent, what projects and the principal contractors.
Unfortunately, this won’t happen, they money is long gone into the abyss and the emperors governors are just trying to divert attention, the public isn’t stupid.

.

Melagros:
COMRADES are speechless, despite ass licking the North to win the 2023 presidential election, the North will do their thing/ work against Tinubu comes 2027

Hahahaha tell that to Ndume who only apologised to PBAT a few days ago. Truth is, PBAT currently has northern politicians by the jugular, they do any how and they lose the party ticket in 2027 and even more, go and ask Saraki, Melaye et al

Why are these folks crying? As a businessman, it is not Dangote’s responsibility to solve the energy crisis in Nigeria. The country is simply not ready to develop at pace, sad but true so move on Mr Dangote.
Import your crude from Angola and sell all over the west African sub continent. I’m sure he saw this coming, eventually maybe in 100 years, Nigeria will wake up.

I’m sure ote$ was the one mocking Dangote, dudes a treacherous businessman and barely lives in Nigeria anyways.

Won’t happen. Tinubu doesn’t have the balls for this. So you’re telling me the primary school teachers,, artisans, the nurses in primary care centres, all on the payroll of LGs and also ongoing LG contracts won’t be paid? This will lead to anarchy.
Another move not fully thought through but now there’s no choice but to give the governors time to install new LG chairmen and the merry go round continues. As Mr Fayose said, this is a waste of time, a distraction that will not work. Even my 9 year old can find several loop holes in that system talk less of the criminally minded emperors.