₦airaland Forum

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.

Just imagine how that girl would feel when she finds out she took selfie with counterfeit?

Anambralstson:
The world is in the middle of moving to clean energy transition, while Nigeria is building world largest Petroleum refinery.

So we should keep importing petroleum products ?

In 2020?

ogbuefi677:
Ameachi with his hatred for his kith and kin.
Of the the rail lines STARTED UNDER GEJ,he has decided to complete only those in the north and south west to prove a political point.
I pity him when his turn to receive the Orji Uzor Kalu treatment comes.
God bless Yar'adua & GEJ,the fathers of modern day Nigeria.
Death to the boko haram sponsoring islamists.

What sort of nonsense is this? GEJ built Nigeria's first functional standard gauge and speed rail line between Abuja and Kaduna. Did you bear this sort of prejudice against GEJ for building it in the north? No!

GMB started the next one between Lagos and Ibadan (south), and also is completing the one between Ajaokuta and Warri (south). But here you are, attacking Amaechi (who isnt even president) for not building it in his village. May hatred for the man not choke you!

How I wish bokoharam would just capture some Americans...

royalfly:
No one is saying America has done the best things in the international system.. But she has done far better than Russia. Take it or leave it, Russia running to pay condolences to Iran is also part of the things that makes Russia the snake in the grass here. Please never pray to have a friend like Russia.. Let's wait till we get all the facts about this issue before you draw conclusions. The truth we have not gotten half of the information about this matter needed to draw conclusions.. One thing I know America will not just kill for the fun of it.. Mistakes can be made in issues like this but let's wait to get the facts.. The is not an issue between Chile and adeyinka or ondo and Edo..

I don't need to be friends with armed and belligerent people who would never sheath their swords. As far as world peace is concerned, everyone should mind their business, stay on their respective lane and let others be. The US are like rats that blow cool air on your feet to make you keep sleeping while they chew on your skin; the only difference between the US and Russia is that while the US destabilises a region, they send out a commensurate dose of media propaganda to make gullible people like yourself believe that they are messiahs sent by God.

On what basis exactly do you adjudge Russia to be worse than the US? On the basis of western news and media propaganda I guess? Compared to the US, how many sovereign nations has Russia invaded and destabilised in the last 70 years? Can you also please mention which of those countries the US has invaded for truly noble reasons ...and while you're at it, kindly mention how many of those nations are stable today?... But you think Russia is worse than the US because US media has programmed your mind to think so?

In the 60s the US almost started WWIII because USSR wanted to plant a military base in Cuba. But today, we can't even quantify the number of nuclear armed military bases the US has planted around Russia; but you think Russia are the aggressors for not supporting another US invasion and accompanying destabilisation in its neighbourhood? After destroying Iraq and Syria for selfish motives, the US wants to invade another sovereign nation in the backyard of Russia, and you think Russia is being a rogue state for not cheering the invasion?

jaxxy:
If Iran was a world power u won’t be complaining about bullying u will be crying about slavery. Continue to think America is the worst I’ve seen because others haven’t gotten a chance to show how worse they are. U think Iran cares about u or anyone for that matter? Keep defending people who kill their own people in thousands for protesting. Rubbish!!!!!

Russia shud back off and stop this nonsense.

Every single news you hear about Iran, you get it from their enemies (US), and you expect the reports to be balanced?

Mjpem23:
Russia with hypocrisy indeed!
Then what's US an intruder to all nations.

The US invades nations to provide peace and tranquility; they invade nations to guarantee freedom for the oppressed, to supply much needed food and medical supplies and ensure peace all over the globe. If you oppose them, you are a rogue nation and will be dealt with.

Reading through this thread, it's obvious that many Nigerians consume too much American movies and have swallowed too much American propaganda. Imagine children condemning Russia for paying condolence to Iran; what exactly do you expect Russia to do? Sit back and support a renown global bully for an unprovoked attack of a sovereign nation in its (Russian) backyard?

Iran is geographically close to Russia, so anyone expecting Russia to sit back and cheer the US for trying to destabilise its neighbourhood must be dreaming; even Israel has washed its hands off the attack.

BigIyanga:
Keep believing in your lies. FGB total debt stock was never $63bn. You intentionally included debt owed by 36 states and FCT in that in order for you to justify why GMB should be binging on foreign debt.
Facts are:
1: In 2015, GMB inherited foreign debt stock of $10bn and within 4 years balooned to $27bn.. avg of $4.25bn per/year not to mention loans he guaranted for his cronies like Oshomole.
2: In 1985, GMB had an external debt stock of $19bn plus . He also left behind a huge domestic debt stock.
3: in 2020, he wants to borrow $30bn and be held accountable

This Irredeemable sycophant still blabbing about external debt only. How much domestic debt did GMB inherit in 2015? $43bn for FGN alone!!! yet you keep avoiding to talk about that and keep shouting "GMB borrowed $17bn" because you believe everyone out here is an ignorant moronn?

Lai Mohd made a simple and factual statement, "if you must talk about Nigeria's current debt stock, only a FOOL will blame Buhari alone".... Only a FOOL will say Lai Mohd's statement is wrong because the figures are out there for public scrutiny. Buhari in 2015 met a domestic debt of $43bn (FGN alone) and foreign debt of about $6bn (FGN alone) but you've been blabbing about $17bn borrowed by Buhari and blaming Buhari for ALL of Nigeria's debt crisis. It seems you already classified yourself accordingly.

EBMedia:
Always Check What You Eat!!! This Picture Will Shock You!!!

Sugar Cane Vendor Picks Fallen Sugar Cane From The Gutter To Sell To The Public (Photo)

Mheen!!! Is this what some of these sugar cane sellers do? They pick fallen sugar cane sticks from the gutters and sell to unsuspecting buyers.

Be warned! Check what you want to eat before you eat it. This kind of act should be publicly condemed.

Health is important.

http://igberetvnews.com/1229538/always-check-eat-picture-will-shock/

How exactly does one check for this before eating? How exactly does one check to know where his food has been?

Last last, no God dey save man!

BigIyanga:
Silly comment from a zombie follower but customer 2 -GMB was hugely responsible for debt owed by customer1 -PDP ? In fact, customer paid off debt owed by customer 2
But you have refused to show how they ballooned our debt when external debt was $10bn in 2015 and your hero ballooned it to $27bn... by adding $17bn under 4 years. Why do You keep believing your own lies?

Lol.. 1 hour ago after I provided links from the DMO, he finally acknowledged that Nigeria's total debt was $63bn in 2015. But now he's turned around again to say I'm lying, despite the verifiable links which are still up on this thread. Do you know the meaning of the word 'lie'?

Meanwhile you have now ignorantly returned to talking of only external debts, and totally ignoring the domestic component which is much higher. Of course talking of only the external debt favours your sycophantic argument so you want to die on it and will not utter a word of the humongous domestic debt incurred by your darling PDP even at a time of oil boom. Oga, Nigeria's total debt in 2015 was $63bn, not $10bn. Stop foolishly repeating $10bn to $27bn like a broken record when the complete comparison should be $63bn to $83bn. Stop trying to deceive your fellow gullible sycophants with your twisted numbers; every lie has a lifespan!

To cap it all, you said PDP paid off our debts before 2007 so therefore the additional debts borrowed between 2007 and 2015 cannot be PDP's doing; you claim that GMB was hugely responsible for it. Lord have mercy! Am I sure this dude is even human?

Mental health is really an overlooked issue in Nigeria. . The native juju doctor wey do you this thing strong well well!

BigIyanga:
So hoe did PDP generate 70% of your fantasy $83bn debt when it actually paid off debts?

Oga stop making me feel like I'm arguing with a toddler. Even an illiterate market wheelbarrow pusher knows that if Customer 1 owes him $63 and customer 2 increases the debt to $83, it will be silly and outright dumb to place a larger chunk of the debt blame on Customer 2. If you still do not know how I arrived at the over 70% figure, then go back to primary school (you shouldnt be online).

What does it matter if PDP paid off debts in 2007?... The same PDP after paying off debts still ballooned our debts to astronomical figures between 2007 and 2015.

BigIyanga:
I have asked you again, show me what it was in 1985 and 1999?
I thought it was $83bn in 2015? How much of your $43bn was passed down from previous admins like GMB and co? How much of that came from unfunded obligations,and jvs etal?

First of all, it was a total of $63bn in 2015, not $83bn; learn to read.

Then secondly, please allow me to take a breath and celebrate this little victory; it's been a truly daunting task to get your zombified self to agree that Nigeria had a huge debt figure of up to $63bn as at June 2015. That's some major progress considering that you've been denying this fact for several days and tagging me a liar.

Now, of that $63bn total figure, $43bn was FGN's domestic debt alone. Foreign debt was placed at about $10bn (DMO didnt give detail of the split between state and FGN).

Regarding your question of 1985, I dont have any verifiable answer to that. If you have it, kindly tell up what portion of the 2015 debt you claim was incurred by GMB of 1985. You may also do well to tell us how much of it was incurred by IBB, Shonekan, Abacha and Abubakar since you claim the debt wasn't incurred by your dear PDP.

BigIyanga:
DMO says $43bn in 2019 that’s FGN debt only, but you’re bundling all the figures together and saying that PDP govt generated debt in 2019 for APC-led govt.
I have asked you again, show me what it was in 1985 and 2015?

Yes the FGN domestic debt in June 2015 was $42.6bn (or N8.4Trillion); it wasnt N8.4billion as you just ignorantly claimed from your fake PUNCH screenshot.

And that is just the domestic debt alone for FGN. When I mentioned $63bn, I consistently termed it the Total debt, i.e. Domestic + Foreign (for both FGN and states); I never mixed anything up. Its not my fault that you can respond to comments but lack the capacity to read and understand them first.

BigIyanga:
I told you that you were incapable of reading those figures from DMO’s site. This is above your brain grade. I just interpreted what your culled data from DMO says.

Read more. Your hero, GMB racked up domestic and external debts. FGN Domestic debt in 2015 was less than 10bn. You copied and pasted everything as your Lier Mohammed fed.

Wow! You never cease to amaze me with your emptiness. So you're claiming the info from the Debt Management Office is wrong and info from some random PUNCH publication is correct?

Let me get you out of your misery, that N8.4bn domestic debt quoted by the PUNCH journalist was a clear error! FGN domestic debt in June 30 2015 was N8.4 Trillion, not billion. In dollar terms, it was $42.6bn.

Obailala does not swallow nonsense beer parlour or Lai Mohd or Reno Omokri data like you ignorant lot. I try my best to gather info from multiple verifiable sources. So unlike yourself, I will not fall for such journalist typo.

BigIyanga:
What a clown with copy and past ability. You have clearly shown that you lack intellectually ability and vigor to analyze those numbers. This topic is above your analytical ability. You cant do it.
I told you that you were making up numbers. You have proven it. So PDP was responsible for
1: $27bn external debt even when GMB added $17bn to it?
2: So PDP was responsible for all debts owed bu 36 govs +FCT?
3: How much of $83bn was owed GMB in 1980s and his 1st tenure since this came from 2019?

Hahaha... you keep proving to be dumber by the day. So your argument is now that the huge debt figure before 2015 was by 36 state governors?

I had to directly screenshot the documents from the DMO because I doubted your cerebral capacity, but you still had to return saying I made up the numbers? Lol..

Oga go back and look at those figures, this time read them slowly and apply your brain to work. The document clearly splits the part owed by states and FG.

And you're still talking about GMB debt of 1985 being part of this?... You're such a pathetic slob. Why dont you tell me yourself?

BigIyanga:
Typical GMB zombie follower who loves eschewing facts; and embraces sentiments.
Let me remind u what this debate is all about. OBJ, an authority in debt in reducing Naij debt had warned your hero, GMB about racking up debt external to $27bn and about to borrow another $30bn
A partizan minion like you said that the debt was $63bn and racked up by PDP.
I have challenged you to state your source, and breakdown of that figure, you are running round the circus without providing any data/breakdown.
I dont need to hate GMB in order to hate the debt he is leaving behind for generations unborn.

Oga sharapp there and stop shouting zombie zombie when you're actually worse than a zombie with this your lame and childish defense of PDP.

I never for once said GMB wasn't incurring high debt; I only pointed out to someone like yourself who ignorantly blamed Nigeria's debt crisis on APC alone that over 70% of our current total debt figure of $83bn was incurred under the PDP regime. Is that true or false? That is all this argument is all about.

If your argument is that the $63bn total debt figure as at June 2015 (SOURCE: Debt Management Office) was wrong, kindly tell us what you believe was Nigeria's total debt as at June 2015.

You claim to be apolitical but you've literally heaped the entire blame of everything wrong with Nigeria on GMB, you even had to blame the huge debt figures of 2015 on GMB saying he incurred it from 1985. What kind of putrid zombiesm is this?

In your desperation to avoid mentioning PDP debt, you couldnt even come up with any sensible argument, all you've been squealing like a broken record is that GMB incurred $17bn external debt (which we all know is a fact), but what about the rest of the debt figure? If you're not a pathetic PDP zombie junkie yourself, why cant you talk of the rest of the debt figure?