₦airaland Forum

VanuatuWycombe:
Forget about the messenger, uphold the message. It’s a typo, my English teacher who is teaching in a secondary school and earning 45k per month. You go see wehn.

Thank God you know you don’t know anything about the topic. If you know, bring evidence.

You come dey explain explain. No evidence

Agba yin la je. Oko iya yin ni wa.

If e easy to get chartered, go run am make we see. Remove 20 years of work experience from your age make you una know how far.

Oga I no dey follow you drag chattered abi na chartered. I don’t brag online. I am who I am & you are who you are. Accounting isn’t the only profession neither does being chartered makes you a super human. There are different professionals in different field. So rest.

As for your “chartered English” there’s nothing like leave the messenger and focus on the message..

For your mind if you carry 20 years comot my age I go know how far😂 Keep fooling yourself

VanuatuWycombe:
Brother, the CV is necessary. Bring your own out. Or if it’s easy, go and run it.

You challenged me to ask chattered accountant on how landing cost is calculated and I said I am a chartered accountant too with over 20 year, industry-round, cutting-edge experience.

Nobody made me a manager, controller and business planner. I started as account officer and rose so I did all those you are spewing gibberish about at lower and advanced level.

If you are still pained or sure of yourself, challenge me to a public debate.

I didn’t border reading all other trash you wrote after a few lines.

Why would I be pained? Accountant that didn’t border reading(English na your mate?) Hmm.

You just want to brag with your Oluwole certificate so enjoy your online fame mr. chattered accountant.

I have a piece of advice for you: learn to read & understand before bragging about your 20 years experience. Your argument failed to answer the question I asked.

VanuatuWycombe:
Yes. What most oil marketers who do not have their own depots do is like drop shipments.

They have to add the cost of transportation to the cost of the oil.

From your analysis above, the cost of transporting those fruits is part of the cost of those apples etc. ask a qualified accountant to explain it better to you. That’s why I quoted IAS 2. Even our local GAAP (SAS) that have been repealed were the same with current IAS 2.

After the apple etc have arrived at your shop, any other transportation cost that you spend will now be added to your COGS because they form part of your out-bound freight cost.

So, marketers lifting oil from DANGOTE or from wherever must add all costs incurred in moving them to their depots as part of the inventory cost. But if the location they are taking the oil to is not their depot but where it would be sold (a filling station, for instance), such secondary cost would form part of Cost of Goods Sold.

So where your own landing cost stops is where another buyers landing cost starts.

Understand this: I am a qualified accountant with over 20 years, top-notch, commercial and manufacturing experience and I have headed more than four Fortune 500 western multinational companies in Nigeria - with 3 other multibillion Naira Nigerian-owned companies.

I have prepared financial statements for external auditors of all the Big 4 audit firms in the world and done submission ls to SEC.


I have ACCA and CPA of Canada. And can take you up on this to any length.

I bet you to challenge me to a public debate on this or on any other areas of finance and accounting and analytics on any media platform and I will come out and prove it to you.

Why the CV on something you still do not understand what my argument is on? Now let me break it down for you as someone who is still in primary school without ACCA and CPA of Canada😂

The analogy I used was about cost of importation/transportation of the fuel. Crude is taken out of this country. Who bears the cost of transportation to Malta? Of course it will be factored into the final cost. Refined crude, in this case PMS is then transported/shipped back into the country at a cost. Now the final cost includes the cost of production(refining raw crude to PMS), shipping cost & may be small profit.

Now take out the shipping cost since it will be refined at Port harcourt refinery, do you think there’s any justification for pegging the final price at 1,000 naira? If crude is processed at Dangote refinery, do you think shipping cost should be part of the final price? Definitely not.

I totally agree with you on the local freight thing but the final price would be just a small amount added per litre of petrol and can’t be up to 1,000 naira as the final price. Do you see my point now?

VanuatuWycombe:
Locally manufactured products too can have landing cost.
Those products are inventories in the books of the seller.

Go and read IAS (International Accounting Standards) 2 and understand what it says about what constitutes cost of an inventory.

It is not only imported products that can have landing cost.

If someone’s wife buys ugu vegetable at Mile 12 market in Lagos and she’s taking the ugu to Ikorodu to sell, all costs incurred in making sure the ugu gets to her Ikorodu shop are added back to initial cost of the ugu’s ‘invoice’ price.

It is the addition (total) of all this cost that would be divided with whatever unit of measure for each quantity of that ugu that would help in knowing what the ugu costs before the seller would now add her profit element.

You are missing the argument. Who doesn’t understand landing cost?

We have imported apples, bananas etc in some supermarkets, we also have the local apples(grown in Jos), bananas etc. The question is: are the prices the prices the same? Obviously not. Reason is simple. The cost of transporting those foreign apples, bananas etc to the supermarkets isn’t the same as the cost of transportation of these local apples and bananas from the farms to the supermarket. This is what I’m talking about. Dangote fuel shouldn’t be pegged at the same price with Malta-imported fuel. They should fix our refineries & sell it to us at a rate lower than it is currently because that landing cost from Malta will be out. We will be left with production cost & cost of moving it from the refineries to the final consumer which wouldn’t be up to 1,000 naira per litre.

Oya type that comment you scrolled down to read.

Make I no talk

Subsidy is GONE😂

Please give T-pain MORE TIME

Is it landing cost that is causing all these? Is fuel not refined in Nigeria by Dangote?

All those that said Obi didn’t convince them enough I hope you are convinced now. Those that said Atiku will sell the country shey una don dey see am now? Even those that called Sowore SUG President how market?

Why should refined PMS from a REFINERY located in NIGERIA sell PMS same price as the imported PMS that was refined in Malta?

There’s no reason PMS from Dangote refinery should be same price like the imported PMS

baralatie:
🙄🙄
As Jesus waka on top of water from one side climb boat shey e mean say you go tempt God go waka from oworonshonki enter ebute metya follow on top water🤣🤣🤣🤣🤣🤣

“Verily, verily, I say unto you, He that believeth on me, the works that I do shall he do also; and greater works than these shall he do; because I go unto my Father.” John 14:12

Go waka from oworonshoki enter ebute meta jare. You can do it

goslowgoslow:
How do you know that I support Tinubu or voted for him? This is how you people always jump into hasty and false conclusions.
IOf course all parties got tribal votes but tell me how many Igbos voted Tinubu compared to the number of Hausas, Yorubas and other tribes that voted for Obi?

Why are you crying? The same way you jumped into conclusion that I am Igbo & supported Obi in 2023.

Talking about hasty and false conclusions, that your all parties got tribal votes claim isn’t true. Sowore was a candidate but got votes from other tribes.

To answer your tribal & hate-filled question, permit me to use this analogy. Garri is loved & eaten by all including the part of the country where it is made in large quantity. However the same thing can’t be said about amala which is loved where it originated from but accepted by only a few. Some people’s garri had to be substituted with amala as swallow just to help amala sell. I hope you understand the analogy?

senatordave1:
Down obaseki

Enjoy your 10k for the next 4 years.

achimendy:
Is it a bad thing to caution someone??

No but don’t contradict yourself.

goslowgoslow:
The tribal votes he got from his state you mean?

Who didn’t get tribal votes? Swear say APC wey you vote no be because you from same tribe as the one that grabbed it & ran with it. Tribal votes ko! Person wey even win your lord & master for him home😂

DmonSlayer10:
As the annointed don dey "over do", go and touch them naa!!

You go receive wotowoto,spiritually and physically

Radical Islamists and Idolaters everywhere!!

Na you be the anointed? Why E come pain you like dis? No be only spiritually & physically. Keep deceiving yourself.

Kobojunkie:
This man and others like him spun you that lie, not God. You still don't get it, do you? All those lies were formulated by this man to protect themselves with as they conned you all out of your money and lives.

I understand what you mean

Na so! You no fit deceive me.

Na wa.

Na you talk say Jesus had women who supported his ministry. Na same you have word of caution for those who have women supporting their ministry.

God abeg the anointed wey you talk say make we no touch don dey over do.

In the last general election, Obi secured the majority of votes in 11 states and the Federal Capital Territory (FCT), Abuja, with approximately 6,101,533 votes. Meanwhile, Kwankwaso won 38 out of 44 local government areas in Kano State, garnering 1,496,687 votes.

lol comparing national spread with local spread. He couldn’t even win Kano 100%. Meanwhile the one he is bigger than won his state 100% & capped it with a national spread. Biggie wehdone!

Wetin?!

Mod couldn’t edit the headline to avoid misinformation. 150 billion bail ko. It’s 150 million jare

It’s a Peaceful protest na

Please be patient. T-pain is working. Give him more time

Na wa

Max24:
Can you pay what Ghana is paying for electricity? If you want improved electricity then pay same rate as those countries. Soup wey sweet nah money kill am.

This argument is stale. Make power available & the economy better than people will pay. Are those countries’ citizens not paying? Stop supporting rubbish by these leaders.

She no stand straight 😂

Someone doesn’t have this

highchief1:
impossible is nothing

You & them don’t reason this way when it comes to making the country work.

Ganduje is dreaming. Anambra? That’s future impossible tense, oga!

I am a chosen, this opponent who are you?

Are you serious?

Fagba, where is the work?

Hmmm