lexander: I thought the president promised during his campaign against Jonathan that he won't pay subsidy and that's why PMS was been sold for 143 naira ever since he entered Office.... So why am I now hearing about he has removed subsidy ? Is it possible to remove subsidy again after you've removed it the first time ? If he has just removed it then why was the price of petrol increase by almost 80% in his first term of ruling ?
Subsidy was removed when pump prices was increased to N145 in 2016. Of course following severe groaning from Nigerians, when oil prices increased further (prompting pump prices above N145), it was a politically inexpedient to let that happen. So subsidy was systematically re-introduced (under a new name called 'under-recovery') to peg the prices at N145. With oil prices rising much further, the amount spent / lost for the so-called under-recovery increased. This year, Covid19 crisis has forced oil prices to drop to record lows again. The government has just made another attempt (about a month or 2 ago) to stop subsidy finally. This time I doubt the govt would reverse on this decision because even the recent loan the FG got from the world bank, part of the conditions was that fuel subsidy would never be re-introduced.
ejanla077: Judging by ur calculations it should be #246..
How come crude price increased by 100% But petrol price only increased by 25% Does it mean government has been selling at exorbitant price...
The 100% crude increase should reflect on d petrol price.. Iys simple economics dat dont add up in this Nigerian fuel situation
Pump price isn't determined by oil price alone; there's refining + logistic costs like shipping + storage cost + piping + admin costs + taxes etc. Most of these other costs are independent of the oil price itself and even with oil price at $0, pump price may still be about N100.
persius555: The latter is likely to happen in the event of an increase in global crude oil price. Prices fall below $50, govt withdraws subsidy, when it goes above$50 subsidy kicks in.
In April oil price was around $20 and pump price was reduced to N123. Now it's risen to about $40 and pump price is back to N140. If oil price increases to say $80 next month, pump price could easily be hitting N180 and Nigerians will cry blood and curse and curse and curse until government is forced to return to subsidy payment.
juvewalex: Has oil price increased in world market or what's the local oil price increment based on if this report is true.
One will never understand Nigerian government and all these oil marketers with their dubious way
Over a month ago when the price was reduced to N123, global oil price was below $20. Now it has risen to over $40. This pump price increase was obviously expected and it has nothing to do with government.
juvewalex: Has oil price increased in world market or what's the local oil price increment based on if this report is true.
One will never understand Nigerian government and all these oil marketers with their dubious way
Nbote: Nigerians will have sense by force... It had been obvious from last year dat dey were going to increase pump price of fuel.. Dey jus needed d perfect cover and excuse and along came covid which crashed oil prices in d international market.. Quickly dey slashed prices and claimed to have finally removed d subsidy on d product. By d time oil price stabilizes, den Nigerians will know d real deal
Of course that's what subsidy removal is all about. What exactly is dubious or shocking or confusing here?
Over a month ago, oil sold for about $20 and pump price was reduced to N123. Now oil price has risen over $40 and pump price has increased. If oil price rises further to say $80, pump price would surely rise again, except we want govt to resume paying subsidy.
The title of this report is actually misleading; government didn't increase oil price, rather pump price has just increased in line with global oil prices.
legitnow: Since u dont know wat land has got to do with gas, it is best we end this discussion.
U will know when the pipelines are blown up.
1. That gas is currently being burnt away as massive flares.
2. Those flares massively degrade the environment in the host communities.
3. If that gas can be piped away and sold to willing customers, the government will make more revenue, and the 13% derivation accruing to the gas producing states will increase.
4. If a robust gas infrastructure is built around Nigeria, it will improve Nigeria's overall productivity, it will also improve power supply, and more revenue for government means more development across the country.
5. Lastly and most especially, when that gas being burnt is piped away, flares will be eliminated, and the 'LAND' / environment you claim to be so concerned about will be protected.
If you still cannot see the benefit in developing a gas pipeline infrastructure across Nigeria, then you aren't just an enemy of Nigeria, you're also the biggest enemy of those oil/gas producing communities you claim to be trying to defend. You obviously don't really care about the land; to you and many others, it's all just about an anti-north/inter-tribal/inter-ethnic/ political prejudice.
And from the tone of your words all along, I can bet my last dime you aren't from the SS or even any oil producing community. Hardly have i seen anyone from the SS appending SE-SS repeatedly when they make arguments these days. Nobody from an oil producing community is going to go blow-up any pipeline over this particular issue; I grew up in the SS and the SS people I know are well past this intellectually degraded mentality of letting political/inter-ethnic prejudices erode their common sense.
The reasonn why Buhari feels he can appoint only Northerners into NNPC BOARD is because they think we are fools.
Now, he has hurriedly run to build pipeline to move our Land resources to Kano, without due consultation or consent.
This is stealing.
Besides, y spend 3 billion, to move our gas to Kano, abandoning the $16b epz gas project in escravos in delta state that was started by goodluck?
Is our land now for the benefit of the North and detriment of the South
legitnow: So Nigeria is the excuse for going to steal people land in far way SS.SE, all the way from Kano and Katsina?
Is dat wat Nigeria is?
Do you have a problem if the Nigerian government boosts its revenue by selling the gas which is currently being burnt away? And what in God's green earth do you mean by stealing land? what has land got to do with gas? abi you don drink?
legitnow: So Nigeria is the excuse for going to steal people land in far way SS.SE, all the way from Kano and Katsina?
Is dat wat Nigeria is?
So with all the things you've read about the development of gas infrastructure across Nigeria, the onky thing you could comprehend from it is that North wants to steal land from SE and SS and send it to Kano?
I even thought I was conversing with a reasonable person. Bye!
legitnow: I AM YET TO COME ACROSS A MORE FOOLISH PERSON THAN A SOUTHERNER (ODUDUWA & BIAFRA) CHAMPIONING THE UNITY OF ONE NIGGER-AREA
-Even more dumb are the literate dummies that say they are Nigger Delta the ‘Our Oyel’ brigade, South South, Bendel, Mid-West, South-East and goodness knows what other nonsensical name their masters from the Sahel will give them to bear tomorrow.
As these morons are busy dividing themselves with their useless slave names. The Fulani ‘PRESIDENCY’ supported by their terror group Miyetti we gather will on Wednesday- day after tomorrow, flag off their AKK gas pipeline which will cost the ZOO $2.8 billion. Mind you all this money came from Biafraland by virtue of our resources the British stole with the active connivance of their Fulani lapdogs and Oduduwa treachery.
We understand AKK stands for Ajeokuta, Kaduna, Kano.
The sole aim of the gas pipeline is to transfer gas from Biafraland to the terror breeding supporter of APC Sharia territories in a bid to industrialize the north and from there export the gas to other Islamic North African countries.
But here is the issue, the entire Biafraland including the retards that call themselves Nigger Delta, South East and South South have no industrial gas pipeline that will aide industrialization but they are the ones that produce the gas. They drink from the same pool of dirty water they go to toilet in.
Igboland has the biggest gas reserves in the whole of Africa in Ohaji/Egbema/Ugwuta axis. Dangote has been busy purchasing choice acres of gas rich lands with the help of Fulani Supreme Court Governor Hope Uzodinma.
Oduduwa are also benefitting from the enslavement of Biafraland because they too are getting their own gas pipeline from Igboland to the Ogun and Lagos area, to help provide steady electricity for companies there. This is why they want One Nigger-area by all means not because they love you but because of their parasitic tendencies. They are all hypocrites. Now you know why you head to the north or west once you graduate.
According to Okenyi Kenechi, “few months ago, Governor Wike dredged the Iwofe River to allow NLNG gas vessels to deck there. Before that, NLNG gas vessels take gas from Bonny to Lagos where gas is hauled in trucks back to Port Harcourt and other parts of the region. That's why cooking gas is cheaper in Lagos than in Port Harcourt.” Yes you heard him right, cooking gas is cheaper in Lagos than anywhere in Biafraland. When Yoruba tells you about one Nigger-area now you know why.
Kenechi went on to say “you see, when I see young people from South East and South South insulting themselves over Biafra and Niger Delta Republic, I laugh and shake my head. You people are living in the dark. The rest of the country are playing okoso with your futures.”
“Keep shouting APC and PDP while your region is roundly underdeveloped.”
When will our people learn to reason. by Mazi Nnamdi Kanu
Gas that has been burnt away for the last 60 years, and that is still been burnt away in the form of flares. Now the lacking infrasfructure (pipeline) is about to be built to convert that wasted gas to resources, possibly boosting govt revenues by over $5bn annually and also eliminating flares and the attendant environmental damage, but some good for nothing imbeciles think this is a bad move because they heard the word 'Kano'. Ignorance and hatred just has to be the worst pandemic on the face of the earth.
devoid of the usual trumphalist sentiments of people like Arewwa,the project is a good one and it will help sort the problem of gas flaring . The problem most people have in the south east is that some Nigerians seem to derive some fetish pleasure in knowing that the south east is obviously being marginalised,hence their gloating over projects like this. The desire of every true Nigerian is to ensure that all parts of the country is developed ....and not to mock those you are discriminating against.
But really, how exactly is this project marginalising anybody? Is it cos the word 'north' was mentioned? Why exactly must every project be used as a basis to argue 'marginalisation'?
Melkizedeck: This project is entirely beyond Nigeria! I think it is designed to entirely break the Russian gas monopoly which Russia uses as leverage to European nations in any diplomatic warfare! Europeans (and to some extent, the USA) have been trying to go around Russia and thereby softening her diplomatic strength. The actual idea is to lay the pipe to Morocco and then eventually to Spain. If this is true, I pray Russia doesn't find out and empower fifth columnists in the country to divide Nigeria!!!
It's sad that a lot of people are ignorant of this fact. If this pipeline is completed and can be extended through the Sahara up to Algeria, then Nigerian gas will finally get to the European market. The benefits of this are immense:
1. This pipeline can easily add over $5bn of additional forex revenue to Nigeria annually 2. It is also capable of ending (or at least significantly reducing) gas flaring and its attendant environmental impact in the delta. 3. It will also place Nigeria on a very enviable economic and political position as an alternative gas source to Europe thereby breaking Russian monoply.
If anyone should even be against this project, it should be the Russians. But unsurprisingly, it's Nigerians out of pure ignorance and some silly north vs south prejudices that are against the project. A lot of people just have no clue on the potential economic impact of this pipeline.
PapaBrowne: In my honest opinion, this is a senseless project for the simple reason that spending that $2.8billion to build just the pipeline would have built the largest Solar farm in the world(2500MW) right in Kano which could probably supply all of the Electricity needs of North West Nigeria. There is some much sunlight wasting away in the north it’s a no brainer spending that much to build a pipeline to transport gas from the Niger Delta when has availability is not even guaranteed.
The current largest Solar Power Station in the world is in Pavagada, India @ 2000MW. It cost $2.1b. With $2.8, there is no reason not to do something like that with that kind of money.
Billions of dollars worth of gas has been burnt/wasted every year for the past 50 years in the form of flares which damages the environment in the niger delta. Now this gas is about to be converted to wealth than can give Nigeria an additional revenue in the range of over $5bn annually and will also stop/reduce the environmental damage in the delta region caused by incessant gas flaring but you think this is a bad project?
You need to educate yourself properly on what this project is about before rubbishing what you know not about. This is one of the best investment moves Nigeria has made in the last 21 years. An invaluable investment like this should never be carelessly sacrificed on the alter of this north vs south prejudice.
Nonybb: Hausa-Fulani are channeling Southern wealth to power their resourceless God forsaken barren desert north. BUHARI the divider-in-Chief is the chief propagator
JojoAbeka: BLACK LIVES MATTER PROTESTS NOT ABOUT RACISM BUT IMPLANTING MICROCHIPS – PASTOR CHRIS OYAKHILOME
Pastor Chris Oyakhilome of Christ Embassy Church has come out with a shocking allegation regarding the current protests which have rocked the world in the aftermath of the killing of George Floyd by police officers in USA.
Oyakhilome, who was in the news recently for falsely claiming the installation of 5G technology was connected to the coronavirus outbreak, stated that the ‘Black Lives Matter’ protests in USA were not about racism but a subtle ploy to implant “microchips” into citizens as a means of controlling them.
“It’s not about the guy that died; it’s not about ‘Black Lives Matter’,” Oyakhilome said in a program broadcast on LoveWorld titled ‘Global Day Of Prayer’.
“It’s part of the game. They want to come in with the alternative method for security – total control with microchips. That’s what it’s about,” he claimed, adding that police would be ‘disbanded’ and everyone would be forced to have a ‘microchip’ implanted into them.
“Look at the people rampaging on the streets – they are not black people… It is not about racism,” he asserted without any corroborating evidence.
Oyakhilome made several other disturbing allegations, insisting that the guidelines given by the government to reopen the church were not guided by science but rather an attack on the church.
“Wearing facemasks is dangerous for your health. How can we know this and prescribe it? I have told you of the dangers of social distancing. It’s inhuman… There is no science behind it,” he stated in the broadcast.
Oyakhilome described the ‘lockdown’ as illegal and said it was actually citizens getting ‘locked up’.
“The lockdown was wrong and, in most instances, illegal,” he continued. “The truth of the matter is around the world, we were imprisoned… It was house imprisonment.”
“This fraud must be judged by God,” the controversial pastor continued, claiming that many pastors were actually getting paid to advocate for the closure of churches to the governments.
“Go ahead. Build the concentration camps and call them isolation centres. Pay for them or get paid – because now you have a contract,” he said, warning that no Christian pastor should “profit” from the situation.
Pastor Chris further insisted that 'virtual prayer' could not replace physical laying on of hands, reiterating his recent statement that pastors should not be restricted from 'laying hands' on congregants when services resume.
Oyakhilome’s rhetoric in the aftermath of the coronavirus outbreak has become increasingly divisive and erratic, with many labelling him a ‘conspiracy theorist’.
The broadcast in which he made the allegations on Friday 26th June 2020 has since been removed from Oyakhilome's YouTube channel although other versions of it can still be viewed online.
I think Pastor Chris needs prayers more than the insults people are gleefully pouring out here. Something seems to be tearing him up within, some kind of depression.
If not for the covi19 yawa, millions of haters would have organised street carnivals in different parts of the country over the downfall of 'their prime enemy'
edoairways: Oga you are one embarrassing yourself. Freeze criticize flamboyant lifestyle yet he eat dine with fraudster. He is so a hypocrite who doesn't practice what he preach
Typical desperate bad belle haters running all over the place...
edoairways: They are not assumptions they are real fact. Hush puppy was overwhelmed by the wealth he had acquired. He has been monitored for over 4 months before he was caught.
Freeze was the one monitoring him right? Or the people monitoring him were reporting directly to Freeze?
edoairways: Daddy freeze knew period. It was so obvious with the way puppy spends, the likes of Dangote don't display such on the internet yet they are well known. Even most of our politicians aren't foolish to display their wealth on social media. These are facts Mr.
'Fact' based on 'assumptions'. You're very learned sir!
edoairways: Hush puppi has been a fraudster right from time. Daddy freeze knew about it so stop all these stories
And do you have any meaningful evidence that Freeze knew Hush was a fraudster a year ago or could it just be you just vomited this nonsense assumption out of your head and believe it to be a fact?
Look look, just like I told you before, if you want to hate Freeze, you have a right to hate him. But quit embarrassing yourself with these shallow-minded allegations you're desperately spewing.
edoairways: Here you go again, hush puppi lived a flamboyant life as a result of fraud,why didn't he chastised him? Why did he dinn with him? Why was freeze selective in the pastors he criticized? Do you know that since he became friend with Apostle Johnson Suleman, he rarely critic him?
Are you for real? Only about a week ago was it confirmed and made public that hushpuppy was a fraudster. Now here you are, asking why Freeze agreed to dine with him over a year ago instead of chastising him for fraud? Freeze must really be some kind of omniscient voodoo priest to have known the fellow was into fraud a year ago. Please tell me, does this your logic really make any sense to you?
By all means, if you want to hate or insult Freeze, you reserve a right to do that and you owe no one an explanation for your preference. But you don't have to embarrass yourself trying to justify your prejudice using this lame Hushpuppy example.
edoairways: He preach against pastors living extravagant lifestyle yet he supports hush puppi style of living. Isn't that hypocritical?
The last time I checked, Freeze preached against pastors who live extravagant opulent lifestyles from moneys they collect money from their poor congregation (especially using spiritual blackmail / coercion) without giving anything tangible back in form of welfare to their members and society at large. I rememeber Freeze chastising preachers who live lavishly at the detriment of their members and society; I dont remember him ever stating it is wrong for an individual who works and earns their money to live a good life. If i'm wrong, can you be kind enough to show me any audio or video or even written evidence where Freeze said it was bad for a person who earned their money genuinely to live a lavish life?
With the rate at which investments are popping up in the north, shows the government hidden agenda.
Why north, what happened to the other geo political zones in the country, I can confirm that 90% of Investment in Nigeria since buhari took over are residing in the north..this is bad for Nigeria Outlook
Who the Bleep would be willing to put his money in a region which is politically destabilized, Insecurity is at the forefront...
Building a refinery in a region that has no business with oil extraction while oil producing state are languishing in xxxxxx
Smithkafors: You guys have chosen to be naive,what is E-moneys name doing there?.Instead of to seek informations,you guys have remained in ignorance.Why not stroll to Apapa and ask them what E-moneys does.Do you guys even know the amount of money people make from clearing?,there is a license you have to pay about 5billion naira to belong to that category.Am done talking,you guys should be careful before they use una shine!.
Lol... Yeye dey smell!... Clearing indeed! Maybe you would be kind enough to explain to us how he's the first to do clearing business in Apapa.