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freshdudeyeeks:Thank you! I've been searching forever |
Please guys, what happened to fzmovies? Did they change their name? Are they gone? And any other alternatives? |
Fergie001 and Mynd44 here's a thought-provoking article |
Complacent Leaders, Entitled Citizens, and the Hard Truth About Nigeria's Resources Nigeria has just enough resources to make its leaders complacent and its citizens entitled but not enough to actually spur massive developments, especially when population size is factored in. Let me start by Listing our proven hydrocarbon resources: • Nigeria produces roughly 1.55 mb/d (million barrels per day), around 13th-15th globally and 1st in Africa. • Our proven oil reserves stands at around 37 billion barrels, 2nd in Africa after Libya. • We produce about 8 billion cubic feet (bcf) of natural gas per day, of which 50–55% is lost through flaring and reinjection. Despite these losses, annual production is approximately 1.4 trillion cubic feet (tcf), ranking 19th globally and 2nd in Africa after Egypt. • Our proven gas reserves stands at round 215 tcf, which puts us at 9th globally and 1st in Africa. These are not small numbers, we are talking trillions of dollars and quadrillions of naira. And that's before considering solid minerals like gold, limestone, lead, zinc , tin, lithium etc. We are truly blessed but these blessings have come with some, should I say, side effects. COMPLACENT LEADERSHIP After the oil boom of the 70s and 80s, our leaders' brains switched off. From that point onward, investments in agriculture, infrastructure, manufacturing, health and human development slowed down drastically thanks to the “liquid black gold”. Why will I as a leader invest in the people when that same investment in oil will bring much more returns? Returns that I can then embezzle? Why should I invest in manufacturing and industry? When we can just import what we need with oil money? What's the need to formulate policies that'll drive economic growth when ... crude oil!!? I mean, think about it. You want investments in manufacturing that'll bring jobs? The best I can do is subsidy, take it or leave it. This complacency lasted until the financial crisis and recession of the early 2020s (though many argue leaders remain complacent today). Only then did conversations about production and manufacturing gain traction, thanks in part to Mr. Peter Obi. The journey back to industry and sound economic policy is long and slow, but progress is visible. Nigeria has recorded trade surpluses in recent years, largely driven by crude oil, gas exports, and refined petroleum products—thanks to Dangote. Still, diversification is urgent. ENTITLED CITIZENS The knowledge that we have so much resources has led to Nigerians demanding things that the country's finances just can't handle for now such as N500,000 minimum wage, N300/litre fuel price. How can a nation of 240 million with an annual budget of just $50+ billion afford that kind of wage bill? How will it pay for such massive fuel subsidy? Frankly how can it pay for any widespread subsidy? What about investments in infrastructure, agriculture and security? Do you want these sectors to be abandoned? Resources are limited and we don't have the money despite what the figures may make you believe. The population is just too much. Using Libya as an example, Libya produces roughly 1.44mbd but has only 7.5 million people. That's less than half the population of Lagos. So the billions Libya earns from crude oil can do much more for the average Libyan, after all the per capital output is 0.19 barrels/day while Nigeria's is 0.006 barrels/day, 30 times less. You people should cut Nigeria some slack. Abeg. NOT ENOUGH RESOURCES The nation we all want cannot be built with our oil money alone. That money is too small, we need serious money. Electricity alone will require more than $100 billion to fix. We need better transportation infrastructure, I am talking roads, trains, waterways etc. These things cost money, money that Nigeria currently does not have, money that Nigeria may never have if it starts subsidising fuel again and paying N500,000 minimum wage. We've not even talked about healthcare. Some medical imaging machines can cost upwards of $1.5 million, think PET, MRI & CT machines not including running costs, training, and salaries for medical professionals. Security sector also requires huge investment: jets, drones, guns, tanks and better pay for personnels. All these costs money, far beyond what our current oil revenues can provide. THE WAY FORWARD Revenue generation has to increase dramatically. We need more participation from our wealthy capitalists (thank you Dangote) and I don't object to well-structured loans. We can't rely on resources alone, as they cannot deliver the development we desperately need. Alaghodaro!!! Wherever you see this please like and follow as I write thought-provoking pieces like this regularly. Follow alaghodaro at https://www.facebook.com/profile.php?id=100092907722780
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NIGERIANS DESERVE MORE THAN JUST CHEAP FUEL I wrote an article a few days ago arguing that Nigerians deserve more than cheap fuel and I have a real-life story to further buttress my point. About two years ago, a young barber lost his life from injuries sustained in a tragic accident, a death that I think was preventable and avoidable if only we lived in a fully-functioning society. He had left his shop to buy fuel because there was no electricity. In fact, his community had been without power for six months after thieves stole cables and oil from the transformer. Determined to keep his business running, he got on a motorcycle and went to buy fuel. On his way back, he was involved in a serious accident. Luckily he was still breathing, so he was rushed to the nearest private hospital. But with limited equipment, the doctor could only stabilize him before referring him to Irrua Specialist Teaching Hospital (ISTH). That referral became another obstacle. The Benin–Auchi Highway, the only road from his community to ISTH, was in terrible condition, worsened by the rainy season. Instead of an ambulance staffed with medical professionals, he was placed in a car. What should have been a 30‑minute journey stretched into more than three hours due to the state of the road and traffic. He never made it. This young man died because multiple systems failed him. BEDC failed him with unreliable electricity. Our healthcare system failed him with inadequate emergency response. Our bad roads failed him. He deserved to live. Nigerians deserve more than just cheap fuel. We deserve constant electricity to power our businesses. We deserve quality healthcare that saves lives in emergencies. We deserve good roads that connect communities safely. Nigerians, ask more from your leaders than cheap fuel. It is not the only thing you should be enjoying from the government. It wasn't expensive fuel that killed our barber, it was bad power supply, bad roads and bad healthcare system and these things cannot improve if the government spends over 30% of it's income on fuel subsidy. Fuel subsidy should stay in the past where it belongs. What we should be clamouring for right now is not the return of fuel subsidy but better allocation of public funds to address the numerous problems we have in this country. My name is Alaghodaro, and I want the best for this country.
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Thiefobi1:Exactly 💯. These people don't understand what there are clamouring for. |
AMINDA:You can read the second to last paragraph, you'll find my answer there. We need to move beyond "give me make I chop" politics. |
"WHAT HAS FUEL SUBSIDY REMOVAL DONE FOR THE COMMON MAN?" is an unintelligent take, and so is "FUEL SUBSIDY IS THE ONLY THING WE ENJOY FROM THE GOVERNMENT." Whenever I see these opinions on social media, and they are very common nowadays since Mr. Atiku Abubakar said he will bring back fuel subsidy, I realize that many Nigerians do not understand the effect policies have on their daily lives, or the connection between decisions made in Abuja and their everyday experiences. I understand why Oga Atiku made that promise, and I understand why his men, people like Mr. Dele Momodu and Mr. Paul Ibe, are supporting it. Mr. Atiku wants to be president, and Mr. Dele and company want ministerial appointments. But we must not allow politicians to derail our progress on the altar of their ambitions. Some Nigerians claim, unintelligently, that we have benefitted nothing from fuel subsidy removal. I find that very hard to understand. What do you mean we have benefitted nothing? What about the increased investments in infrastructure? What about the increased allocations to state governments? Your governor now has more money to spend, hold him accountable and ask him to invest in your state. What about the spending spree our military has been on, buying weapons, jets, drones, all to deal with terrorists? What about the increase in foreign direct investment? More refineries and oil fields are coming online within the next few years. These projects are securing our energy needs and will employ thousands of Nigerian youths. Do you think investors will commit billions of dollars if they cannot set the price themselves in a sector riddled with corruption? If you think they will, ask yourselves why there are very few, if any, privately funded power plants coming online within the next few years. I’ll give you a hint: electricity subsidy. Do you think the disappearance of queues in our filling stations was a coincidence? If we still had fuel subsidy, trade and movement would have been grounded by the Iranian war. I can still remember pre‑2023, when a politician coughing on the other side of the world would close our filling stations and send fuel prices skyrocketing. I can still remember, even if you can’t. And I also remember you people writing opinion pieces, murmuring that if only we had removed fuel subsidy in 2012, we would not be experiencing such hardship now. I can still remember, even if politics has made you forget. There is stability — and dare I say, growth — in our energy sector. Let’s not ruin it. Fuel subsidy is gone, and we have paid the price for it. Let’s move forward. Nigerians deserve more than cheap fuel from our government. We deserve good infrastructure, good healthcare, security, and strong social safety nets. And we cannot have all of these if we spend billions of dollars we do not have subsidizing fuel for West Africa. We deserve nice things. I deserve nice things. My name is Alaghodaro, and I want the best for Nigeria.
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Godfrey858:Welcome to capitalism bro |
This SpaceX IPO is looking like bubble. Dominique come and see something. |
BREAKING: Elon Musk just became the first trillionaire in world history. Forbes estimates that Musk is now worth $1.1 trillion as of just before noon eastern Friday, up from $982 billion on Thursday, when SpaceX priced its IPO at $135 share. Source: Nairametrics
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Airlord2030:If they pay ransom, Nigerians will complain. Honestly APC can't do anything right in the eyes of Nigerians |
So the government has been trying to rescue them? At least they are doing something |
One day, South Africans will dress up, leave their homes, step into the streets, and start k*ll*ng foreigners. They will film themselves doing it, feel proud, and pat themselves on the back as they work. I pray it doesn't happen but I know it will happen. The situation is getting alarming.
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How time flies! Governor Bola Tinubu's cabinet in 2003. ➡️One of the cabinet members, Prof Yemi Osinbajo, later became Vice President. ➡️Two of the cabinet members, Rauf Aregbesola and Babatunde Fashola, became governors and, later ministers. ➡️Two of the cabinet members, Henry Ajomale and Tunde Balogun, later became party chairmen in Lagos. ➡️Two of the cabinet members, Dele Alake and Olawale Edun, are current Ministers in the country. ➡️One of the cabinet members, Olayemi Cardoso, is the current Governor of the Central Bank of Nigeria (CBN). ➡️One of the cabinet members, Muiz Banire, for elevated to the rank of Senior Advocate of Nigeria in 2015 and appointed a Bencher. He also became the National Legal Adviser of the All Progressives Congress (APC) party at a time. ➡️The governor then, is today the President of Nigeria. When he was Governor of Lagos State. Credit: Ethnic African Stories |
aariwa:I'm sure you've not led a department in a church, mosque or school. And I know this because you think leadership is easy. |
obonujoker:Obi that's in bed with Atiku, El-rufai, Amaechi and co, that same Obi will dismantle criminal politicians? Please say something else |
TROOPS OF 4 BRIGADE RAID KIDNAPPERS’ HIDEOUT, ARREST SUSPECTS IN EDO NORTH SENATORIAL DISTRICTSource https://www.facebook.com/100067341542365/posts/1220500330204674/?app=fbl
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Goo0dHardDick:He was not joking at all. Trump was serious about it. |
Nigeria and anyhowness |
Kobicove:That's what happens when you are not in survival mode. |
Isn't this an old video? |
Lanruze:You people think LGBTQ and same sex marriage is all there is to governance. I feel ashamed on your behalf. |
I don't support LGBTQ and I think it's a corruption of the natural order but this is wrong. This one bad. |
Earlier this morning it was poisoning now it's assault, which one should we believe? |
Realme111:Exercise and dressing well |
givedemwotowoto:Your argument is based on the fact that the US is rational. It is not. US is behaving erratically now. Now I don't deny that Nigeria has never had religious crises before. All I'm saying is that this one we are facing now is complex and religion alone cannot explain. The people who are killed everyday in Sokoto, Kano, Zamfara and Borno, are they all Christians? |
givedemwotowoto:There's no research. More Muslims have been killed than Christians in this security crisis. Not all our problems are religious. This one is complex. If anything, it's more like herders - farmers clash. Not really religion. By the way, I voted for Obi in 2023 and I may probably vote him again. |
This trip is futile as the current US administration is not rational. If they want impose sanctions, nothing will stop them, not even facts. |
nairalanda1:Especially that Farage, he is UK's Trump. Very annoying person. |
nairalanda1:Boss I like the way you reason. You're one of the few nairalanders that's not biased & emotional. Your analysis is always on point. One bottle of Heineken for you. |
