₦airaland Forum

Olodo prof, state with 15mil people and the one with 2mil people same number of buses!

May his soul rest in peace! Nigerians stay home, life has no duplicate, don't die for subsidy remover, let the politicians die!

The exchange rate must increase for the government to collect back the extra-gain from those oil importers and others otherwise hahaha!!!

make the students go siddon and think of beta thing to do!

Bus drivers are in business of making money now!

1 lit don reach $2 in Senegal, den dey chop the subsidy also!

Nothing is gonna happen here! if you are electrical engineer this is the right time for you to use your brain, start your own business and start making the money!

What happen to this: permanent-magnetic-generator - get the free manual online and start building it to sell, any issue let me know!

you don't need to invent anything, it has been invented, just do it!

http://www.hojomotor.com/vid

Watch the short video above to learn the secret to produce completely free electricity for your home and appliances!

Who sey voodoo no dey? with the composite in used the building suppose not to collapse at this time!

Think of having additional source of energy by using pure water, electrolysis of H2O will give hydrogen, as you know hydrogen has high energy of combustion, need assistance in doing so let me know!

Who wan't die for nothing! protest - for where!

OP on cheap weed second day of 2012!

1 US gallon = 3.78541178 liters

NJ price:
3.7 = $3.15
1 lit = $.8514 = 136 naira

But we have the crude oil ooo with dirty cheap labor to process it! 51 years!!!

The man needs to move from ogogoro to weed, with weed he will not cry!

@ Akinzo

Nothing wrong in your calculation, only people with big grammar are getting you wrong and that is the reason that after 51 years of independent we are no where.

If you have the crude oil and you cannot refine it to satisfy your need, then you need to exchange the crude oil to refine products, mathematically and common sense you still gain from it since you didn't buy the crude oil - you got it for freeeee!

Nigerians wake up! you are being deceive nothing like subsidy even before, lack of capability to process the crude oil brought the big grammar.

If we don't have the crude oil that's different issue, but something we have that we suppose to process and sell locally to our own benefit, we can't then someone is telling us subsidy. That's wrong!

Good analysis Akinzo!

Are you serious that you bought it for 150/L?

even whitemen no believe in God only foolish negas.

Journalists are using NL as one their training tools which is a good idea, only nothing for engineers to use here!

too small for population of over 15 mil.

and his dead and rotten body continue to unit them, topic say Ebonyi, they are about Yoruba clashes which is no new thing. The Yoruba empire emerged as a result of war among them but with something common (ohun ife)

I hope most of those guys will not turn to gang and thief after few years due to non-payment of allowance that is definitely gonna happen.

HNY to all!

olajide_07:
This singular act will place justice where it is supposed to be and people would be able to report cases to the police through these people then equality and equity would be the next line of action to tow please let us start to help this clueless government solve our own issues mind you I would also want them to look at this defend or otherwise disagree and give us their own calculations knowlegde they say is power and we are all learned and would be able to reason along strong and objective lines

@Beaf where are you
This is very important since they are now reading Nairaland:-

One barrel of Crude oil = 42gallons or
159 litres

2) Our Refineries (i.e 4) Installed
(combined) capacity  = 445,000
barrels per day

3) Actual refineries capacity due to
ageing equipment = 30% i.e. 133,500
barrels per day
.
4) . 133,500 barrels = 21.2 million litres

5) Local required consumption (F.O.S) =
12millions litres

6) It means that even our MORIBOND
refineries can actually meet our local
consumption need of petroleum.

7) The cost structure of crude oil (i.e.
Qua Iboe Crude Oil) production per barrel;
- Findings / development - $3.5
- Production cost              - $1.5
- Refining Cost                 - $12.6
- Pipeline/transportation  - $1.5
- Distr/bridging fund Margin -$15.69

 True cost of one litre of petroleum
anywhere in Nigeria;
- Total sum cost per barrel = $34.8
- 1ltr cost = $34.8/159 litres = $0.219
- Naira equiv. 0.219xN160= N35.02k
- Add Tax N5 + N35.02 = N40.02

9) Let FGN refute the above composition
and if not, they should tell us how
they came about N65/litre.

10) Locally refined products cannot be
sold at International price.

11) We really do not need FGN SUBSIDY
as there was NONE in the first place.

12) What is LACKING, is the WILL to
enforce LAW ON CORRUPTION.

Pls re-broadcast until it gets to the right quarters for their response

From the above figures, we don't need any fuel subsidy and we should not even debate on it, let the FG starts selling the petro at that rate then talk finish without too many grammar!

This talk has been going on for a while now and no any further work done on our refineries to increase the output in order to technically justify removal.

is that so difficult for 150mil people to operate refineries?

The man tried to be Igbo leader but, just take Buhari with you!

We took away the Minister of Finance, Minister of Petroleum from them now they are killing themselves and killing others under the name of Islam.

GEJ continue loading the bulk only remember your people ooo!

this thing is now becoming common thing now. God!

What are they eating for the past 11 months?

OP - God will continue to bless you. Amen!

They can declare second Biafra war, it's their right to do so.

Fashola forget to add use your camera phone to take picture or shout OLE, OLE, OLE necklace them with tire and burn them as per Lagos style.

I hope GEJ and BEAF listened to better address from Fashola, the method Fashola is asking people for same method they are using in the develop countries. we all have to contribute and help the security agent to do their job, they can't fight BH alone.