₦airaland Forum

ChrisKels:
Here is a well kitted general of the Ametokun, let us know what your take is, on his armour and readiness for this task that could prove unnerving when the heat is turned on.


My verdict; He is made for the jungle and he looks set to carry out his assignment with a superlative assiduity.

www.nairaland.com/attachments/10908156_screenshot202001190659291579413613722_jpeg1ca0fac83d38bcd9f6275f1c6d0b77b9

Wonderful!!!

DMerciful:
There was a major outcry in 2012 but when it was removed, you people occupied lagos.
You are the child in 2012!

Yes I agree, I was opposed to the removal of subsidy in 2012 because the govt then told us they were removing subsidy because 'people' were stealing the money, and instead of catching or punishing or preventing the thieves, the only remedial measure they came up with was to remove subsidy.


But then again, talk is cheap! the latest trend these days is for every current PDP sympathiser to claim they weren't opposed to subsidy removal in 2012. And one then wonders whether all those who blasted govt in 2012 (including musicians like Flavour who released a song) were automatically all ApC. Can you swear on your life that you weren't also against the removal of subsidy back then in 2012?

DMerciful:
There was a major outcry in 2012 but when it was removed, you people occupied lagos.
You are the child in 2012!

So you're now craftily shifting the argument?....

Before we go there, do you now agree the info you posted earlier was wrong?... Do you now agree N2.1 trillion was the amount paid for subsidy in 2011?

DMerciful:
Go and sit down! GEJ yearly budget never reached even #5 trillion. Are you saying he used 50% of the budget for subsidy? Liar!
Why dont you show up till 2019?

Oga please I dont do childish arguments. I showed you a link which contains my figures, there are also 1000 other news sites which contain the same info free of charge to the public.

https://www.dailytrust.com.ng/nigeria-spent-n9tr-on-fuel-subsidy-in-10-years-pppra.html

If you cant open the link and read, or if it's beyond your intellectual capacity to do your own verification research via google, then I'm sorry, I cant be of help to your kind.

Meanwhile regarding 2019, I dont know how much was paid for subsidy in 2019 because it hasnt been announced/published yet; 2019 just ended 2 weeks ago.

Xisnin:
Fake figures.
Buhari met 10 trillion Naira debt [b]accumulated since Nigeria's independence [/b]and he increased it to 22 trillion in a space of 4 years.
Nobody can beat that record.

Oil price is not an excuse because OBJ managed lower prices without borrowing Nigeria future to the chinese.

GMB actually met $63bn debt, and has increased it to $83. Most of the funds borrowed by GMB were foreign and in dollars, so it doesnt work when you compare it in Naira.

...and by the way, did you say the N10trillion was accumulated since independence? #Fallacy... This is another analysis based on weak political propaganda. OBJ cleared most of Nigeria's debt by 2007; the majority of that N10trillion (or $63bn) debt inherited by GMB was actually incurred between 2007 and 2015, the largest chunk of it was actually incurred at a time when Nigeria enjoyed the most unprecedented oil income boom.

If you must criticise govt borrowing under GMB, remember that since 2015, there's been a massive dip in the country's income due to very low oil prices and output; it's only logical and inevitable for a person to borrow at a time of low income to ensure he feeds his family. But the real question Nigerian should really be asking is, why did we borrow so much between 2010 and 2015 when oil prices and income were sky high?

DMerciful:
On subsidy
We were doing about N1.2 trillion during GEJ tenure but Bubu said if anybody tells you he is subsidizing anything, that person is a fraud. Bubu is subsidizing with N1.8 trillion and we are paying double the amount for petrol inspite of the subsidy even when crude is at a lower price.
Who is the fraud now?

The fraud is actually Reno Omokri who recently succeded in deceiving you and millions of other unsuspecting Nigerians with his usual barefaced shameless lies and propaganda. It's a shame many Nigeria's still havent learnt to verify info they hear from dubious politicians.

N1.2trillion was the amount spent on subsidy in 2014 alone and that was the lowest amount spent on subsidy by GEJ between 2011 and 2014. In 2011 alone, subsidy bill was N2.1trillion (this was the highest ever in Nigeria's history - the year of the massive subsidy scam which forced govt to attempt removing subsidies in Jan 2012).

On the contrary, the N1.8 trillion you quoted which was spent on subsidy by GMB was the TOTAL sum spent in 4 years, i.e. 2015, 2016, 2017 and 2018.

https://www.dailytrust.com.ng/nigeria-spent-n9tr-on-fuel-subsidy-in-10-years-pppra.html

With your above skewed nalysis comparing 1 year vs. 4 years, we can conveniently say RENO has achieved his aim of misleading the public.

These terrorists aren't even ashamed.

Staro:
You're either a shameless liar or not enlighten enough.

Oga, GEJ inherited a reserve of $35b from Yar'Adua (see graph below)
If $35b is what you called good reserve, well, I'll discontinue any argument with you

Agreed, the reserves have somewhat gone up under but did he do any special to jack it up?
The answer is a capital NO! Buhari took the lazy man's short cut of borrowing, borrowing and borrowing more
then use part of the various loans to shore up our reserves

.

But in dollar terms, Nigeria between 2010 and 2015 borrowed just about the same amount that has been borrowed between 2015 and 2019 with nothing to show for it either; not even shoring up the reserves. It's funny that a lot of people dont know this due to political propaganda.

This isn't me endorsing any of both men; I'm just saying your bolded point above holds no water.


..and by the way, the person you quoted was right ; GEJ inherited a foreign reserve of $42bn in the start of 2010, not $35 as you claim. The chart you pasted started from December 2010, GEJ didnt get in power in December.

OZAOEKPE:
I'm a Catholic and I can say that Mbaka is a traditionalist, he should leave the church and go open his church...


I see people attacking me, I want to let you all know I served Cardinal Okojie as a bishop and as a cardinal. I served mass for over 15 years of my life. I still serve mass and I can say for sure, the greatest of all priests are those who obey their bishops, Mbaka is a disobedient soul

Traditionalist because he made a prophesy or traditionalist because he went to pray for/dedicate an office to God?

Christmasdon:
Mbaka overstepped his boundaries. i pray that GOD MAY lead him aright AGAIN. I LOVE MBAKA SO MUCH. BUT HE IS CHANGING TO ANOTHER THING. I HEARD THAT AFTER WHAT HAPPENED HIS CHURCH BECAME EMPTY. THE CHURCH OF GOD MUST LIVE. MBAKA REMEMBER WHAT IS ICHABOD .

Abeg which local beer parlour did you hear the bolded above?

Cos in the Nigeria I know, the fact that he made a so called 'prophesy' and it actually came to pass, the population of his church will double (if not triple) overnight.

RillJ:
Thank you.

However, even the seemly 'obvious' is often used to blindfold and hoodwink the psychophants and the gullible. We may need to prod many to ask themselves these questions that have stared them in the face for years now.

I don't think there's anyone who really doesn't recognise the existential herdsmen problem. People just don't appreciate when the issue is politicised; i.e. blindly turned to an Apc vs Pdp matter. As an example, if you read through this thread and count the number of times the name 'Tinubu' has been mentioned, one could easily think Tinubu is a herdsman.

RillJ:
Let's look at it

Why are they so scared of this peaceful program that stand to serve the overall interest of the country?

Why is an unsecured part of the country so important to them that they are negotiating the same with the '2023 Presidency'?

Why would a particular region or set of people believe that the "Amotekun' program is targeted at them?

I bet its time to think beyond political alignment

Cos they dont want anyone to dare resist their marauding ways; isn't it obvious?

Lol... these nomadic herders really have their brains in their assess. All they really care about is how to take their cattle anywhere, destroying farms and killing people at will without resistance.

WATCHOVER:
Anytime the guy sit down for that chair, na error supreme Court they make, whether e favour PDP or APC

See how you take put the decision of a group of people ontop one man head all cos the man resemvlw monkey.. Free the man abeg!

Wonderful! This looks like a horror movie.

WATCHOVER:
Amen. Especially that MONKEY called TANKO

Tanko is just 1 man out of 7 who passed judgement, being the CJN doesnt give him any arbitrary powers over his colleagues.

Kobicove:
A more pertinent question to ask is why the votes from those areas were excluded in the fist instance.

The votes in those areas were excluded/ignored by the collation officers because they looked/were dubious.

Unfortunately, according to the law, a collation officer does not have the right to decide on what he/she thinks is dubious result or not. That is the job of the tribunal. This irregularity (i.e. collation officers cancelling result by themselves) is the legal loophole which Uzodimma's lawyers exploited in the supreme court.

Unfortunately for Ihedioha, his lawyers seemed to be intellectually lazy, else they should have dwelled on the authenticity of the excluded votes as their main defence; instead they were busy defending other things.

At the end, no one can blame the supreme court of bias, cos they pass judgement purely based on evidences placed before them, not based on conjectures or sentiments.

Oshiomole is on a rampage!

He who pays the piper calls the tunes!

Hunger and poverty na BASTARD!!!

This abracadabra is shocking to even me

The shameless sycophancy of this MURIC professor is eeeeeeeepic!!!!!!!!!!!

"...says PDP also misused presidential jet"

So they actually agree the jet is being misused? Wonderful! The blqck man really has a problem.

The last time I checked, several Nigerian youth were devouring human faeces scooped from pit latrines in their quest to buy some jalopy 5th hand benz. Numerous Nigerians are also willing to kill their loved ones to raise demonic cash for 'big boy' purposes. Then here you are, talking of cockroaches, a nutritious delicacy.

KrystosCJ:
Instead of this government to remove the import duty on solar products and other solar-powered products and stimulate uptake of solar energy products in our country, they are busy looking for avenues to waste taxpayers' monies and enrich themselves through inflated contract schemes. I have observed that GIZ is mentioned in this foolish venture. Such a shame! To think that they would be involved in distributing cook stoves that represent the past, fading technology.

This sounds like a good idea; Nigeria just lacks leaders that can think. A sensible government should declare a state of emergency in the power sector and encourage any initiative to end our power travails in the shortest possible time.

Solar power still remains very expensive today, but there's still a lot the government can do to encourage the penetration of solar energy into Nigeria. Even in the UK where there isn't a power problem, their government gives incentives for households who opt for green (solar) energy.

N88million for 2000 kerosene stoves? Who did we even offend in this country sef?

People always losing sleep and running after nonsense!

People deliberately subjecting themselves to pathetic lives all because they swore they must live abroad. Wasted years that can never be recovered! Nonsense!

Staro:
.
I even understand that the 60 Canadian citizens who died are actually Iranians
by birth who were granted Canadian citizenship.

Meaning that nearly 150 Iranians have just been wasted due to its military's incompetence.

And this is the same country that wants a Nuclear Weapon.

.

But the US which has over 6000 nuclear warheads has also 'mistakenly' shot down a passenger jet before, killing over 200 innocent travellers. Nobody holy pass, nobody mumu pass!

chrisooblog:
Happy New Year everyone please I would appreciate if you could spare some time to read this article I put the link below. Would kindly appreciate your opinion on the questions raised in the article in connection to the question I raised some years back about how the Refinery would impact on the Nigerian economy.

https://www.theafricareport.com/21854/behind-the-hype-is-dangotes-refinery-a-game-changer/amp/?__twitter_impression=true

cc 989900, tonyebarcanista, omenka, sarrki, theGoodjoe, obailala, jpphilips and any other moniker i erroneously omitted your contributions to this topic would be highly appreciated and welcome thanks

jpphilips and ultron12345 have already done great justice to this thread.

Nigeria currently spends between $6-7 billion annually importing petroleum product. When ramped to full capacity, the 650,000bpd Dangote refinery can produce over 50million litres of petrol per day, this is in addition to millions of litres of diesel, kerosene, aviation fuel daily. Essentially when at full production, Dangote refinery can meet more than 100% of Nigeria's refined products' demand.

In addition to Dangote, there are over 40 other private mushroom refineries being built currently which would also add to Nigeria's refining capacity (when dangote goes live, owners of these other refineries will be forced to speed up construction). A major benefit of all these is that Nigeria will instantly grow from net importer to net exporter of refined products. A point to note - A barrel of crude may sell for $55 today, but if that barrel is refined to finished products before being sold, Nigeria could make over $200 from a single barrel of crude. In essence, the economic benefits of selling finished products as opposed to just raw material is immense.

Currently, refined product import gulps over 50% of Nigeria's forex earnings which could have been used for other essentials. With $6-7bn in forex saved annually, and some extra forex being made from net exportation of finished products, the effect on the value of the Naira cannot be overemphasised; the CBN could easily return the Naira to N200/$ if it so pleases, although I doubt they will ever want to do that because it will make no economic sense (i.e. forcefully return us to lazy importation days).

Regarding transportation for both crude and refined products to/from the Dangote site, huge pipelines are currently being built as part of the project. Huge jetties are also in place for import/export of crude/finished products by sea. Dangote would most likely buy Nigerian crude, but if there are hitches, I believe there must be alternative arrangements to source crude from elsewhere.

Finally, one area I hold a contrary opinion to many is in the final pricing. Dangote will not sell petrol for less than N145, I doubt he would sell for anything less than N200 and I would explain why I think so. Dangote will not get crude for free, he will have to pay the global going rate for crude. If he pays the global rate, he will obviously make far more money if he sells his products to foreign buyers as opposed to locally. So why exactly should he sell for N145 locally and lose potential profits?

And another prediction I have is that the moment Dangote refinery is operational and the moment the NNPC no longer needs to import fuel, the Nigerian government would finally detegulate the downstream sector fully, giving Dangote (and the other smart opportunists) the free hand to fix prices and fleece Nigerians. Dangote would easily become richer than the entire nation.

BabaCommander:
Russia always acting like a kid.
Putin is just a common mafia boss always acting like they are tough, but never ever trowing a blow except at todlers like Ukrain.
Russia is under US sanction that's damaged their economy and US and Isreal are bypassing them to carry out air strike in Syria.


Forget it, this is all Russian can do. The US military is built to fight 2 major wars simultenuosly and not loss.
Russia is just grandstanding because they know the US will always act with restraint.
Isn't Russia under US sanction?

Russia has over 6000 live nuclear warheads... The US has about the same arsenal too...

Both countries know too well not to engage each other in anything other than mere shouting matches. They both know that if shiit gets real and those demons released, God may have to start creation afresh.

Juell:
I see many of you don't know the meaning of "poor" and "Mansion". Being rich is not all about acquiring material things but all about how many lives you've touched in your entire life. And incase you don't know, that house can't be less than 4 bedrooms.

I'm sure I know the meaning and difference between 'poor' and 'rich'. Contrary to your definition, a rich man is actually someone who can achieve almost anything he wants; whether it is living comfortably in a large spacious house, acquiring any material thing he wants or touching the lives of countless people as he pleases. A poor man's abilities are highly restricted.

The statement you made earlier is very common amongst poor people. Im not however saying ypu are poor.

Juell:
This size is just right, what's the point building a Mansion when at the end u only sleep in one room.

Lol.. poor man talk.

Some like it big, some like it small; but I doubt there's truly anyone who likes to live in a tiny cage, especially if the have the means to get it bigger. The joy of living in a big house is that I can sleep in differemt rooms for all 7 days of the week. I also love space, a lot of space. And lastly, the house can accommodate my entire extended family and friends whenever i choose to do a feast.

At the end, it's just a choice, some like it hot some like it cold, some like it in the pot, 3 days old.