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Business › Re: Petrol subsidy increases by 2,000% in one year by obailala(m): 8:30am On Dec 02, 2019*

Cherez:
Guy, NO.
The daft one here is the one whom is so blind to understand that if Otedola, Ifeanyi Ubah and other subsidy criminals made so much monies and was knocked out by NNPC to be the sole importer, volume shouldn't have doubled.
You try to give reasons for the increase in cost but not the outrageous and "outside the curve" quantity.
In $ the current govt is paying over 200% is it not a cause for questions?
And still borrows everyday.
I just dey watch us for this country.
If our govt can be sincere for just 4yrs, this country will change for good.

The truest daft one is the person who reads A, understands it as B, and begins to throw insults based on his obviously poor comprehension skills. FYI, nowhere in my post did I mention or defend anything about the increased quantity of consumption, that is another kettle of fish. Learn to look before jumping to conclusions like a frustrated wife.

I have always said it that increasing consumption 'quantity' is the only area where there is no explanation and obviously fraudulent; if people were smart in Nigeria, that's the only area the arguments should be focused on, not the "fuel is N145 so are we paying subsidy?" shallow question which people always raise on these threads.

Next time if you want to know my opinion, ask me! before you run ahead of yourself assuming you know what my opinion is.

By the way, you said the current govt is paying over 200%. 200% of what exactly? Where do you cough out these figures from?

Business › Re: Petrol subsidy increases by 2,000% in one year by obailala(m): 12:07am On Dec 02, 2019*

1nigeriamyfoot:
Odoyo ni e

Under whose nose does naira died a natural death?

Mumu Buhari met naira at 196/$ as at 2015 but plunged it to 365/$

Oh your argument is no longer "Buhari is stealing subsidy"? It has now shifted to "buhari is the one that crashed the Naira"? This is a typical example of what happens when emotions and foolishness is placed before logic.

Meanwhile when you and your countrymen have an inordinate appetite for imported goods, (including imported toothpick) in a country that depends on only one source of income (oil), the currency crashing at every oil price shock becomes inevitable especially when your useless leaders do not have the foresight and discipline to save sufficient funds in its foreign reserves. Buhari isnt the one who made Nigeria to depend only on oil, neither is he the one that forced you to kill all your refineries thereby spending 60% of its forex importing petrol and kerosene; PMB isn't also the one who depeleted the reserves making it impossible to defend the Naira when the oil crisis was critical.

FYI, the Naira's value has progressively devalued under every single regime. When OBJ entered, Naira was less than N80/$, when he left it was about N120-150/$. When GEJ entered, despite unprecedented oil income, Naira still crashed from N150/$ to N230/$ in the parallel market. The entire crash under GEJ happened in the last few months due to a sudden oil crash despite desperate efforts made using funds in the reserves to defend the Naira. The oil crash worsened and persisted after PMB took over and at the time he took over, the reserve was critically low to permit further withdrawals to defend the Naira. Only a fellow having boiled indomie in place of brain cells would have expected magic to have happened for the Naira not to crash... Nuff said!

Now quit blabbing out off point let's go back to the topic of discussion

1 Like 1 Share

Business › Re: Petrol subsidy increases by 2,000% in one year by obailala(m): 9:28pm On Dec 01, 2019

CSTR2:
But you did not include the fact the prices of oil has massively dropped globally.
Landing prices have been highly exaggerated.
And that is just one reason.

And also the difference in exchange rate now does not rationally account for a whopping 2000% differentials in subsidy.

That is robbery.

What exactly increased by 2000% ? From what price to what price?.... Are you sure you understand the report you read?

Meanwhile regarding the currently fallen oil prices you talk of, in 2012 when exchange rate was N150-160/$ and oil price was ~$100, landing cost of imported fuel was N145. Now exchange rate has doubled to N305/$ but landing cost of fuel is still under N200. Can you not see that that is a result of the low oil price?

Business › Re: Petrol subsidy increases by 2,000% in one year by obailala(m): 9:15pm On Dec 01, 2019

CSTR2:
The difference your beloved govt is paying is now far more than when it was 97 naira.

You didn't say anything about that.

There's a simply economic explanation for that; when pump price was N97, the actual import cost was about N145. Now fuel sells for N145 but the actual import cost floats between N165 - N200. Oil prices and the exchange rate which has doubled (N160 - N305) are the core culprits why subsidy is still being paid despite the N145 pump price.

The above logic is only complex when we mix emotions and economics.

1nigeriamyfoot:
Even after Mumu Buhari increase pump price by almost 100%?

Muhamadu Buhari supporters are as daft as Buhari

Bunch of oloriburuku

1nigeriamyfoot:
You dey mind those cursed zombie?

The real daft 'Zon B' is the one who doesn't know that exchange rate which has doubled between 2012 to date will also double the import cost of fuel.

Business › Re: Petrol subsidy increases by 2,000% in one year by obailala(m): 7:19pm On Dec 01, 2019

ajalawole:
very true. they will find way to still money. I thought buhari say subsidy is a scam back then.

It's not even about the stealing, it's simple logic; fuel cost more than N145 per litre, so if the pump price is fixed at N145, someone (govt) has to pay the difference.

Business › Re: Petrol subsidy increases by 2,000% in one year by obailala(m): 6:34pm On Dec 01, 2019

ednut1:
Till dangote refinery starts

Even with dangote refinery in full operation, subsidy payments would still continue else he will sell fuel for N200 to have to recover his loan.

Politics › Re: Smart Adeyemi Defeats Dino Melaye In Kogi West Senatorial Rerun by obailala(m): 12:02pm On Dec 01, 2019

Hmmm.. an interesting turn of events. Ajeku iya master finally gets back to the streets to meet Akpabio whom he mocked. Oh sorry I forgot, Akpabio actually isn't even on the streets anymore.

Dino's mouth has just brought him down; he will be missed.

1 Like

Celebrities › Re: Basketmouth Under Fire For Molest Joke On Twitter by obailala(m): 6:59pm On Nov 30, 2019

How exactly does that joke translate to 'justifying rape'? Frustrated people always looking for who to pull down to their depressed level in the guise of activism and correctism. Hopefully they feel fulfilled with their achievement now. Congrats to them!

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Education › Re: FUTO Student Who Made An Airplane Has Been Offered Scholarship To America by obailala(m): 8:28pm On Nov 29, 2019

CapitalHYC:
This is the reason why this nation is like this, people accept the authenticity of Bad News faster than they do to good and encouraging news... SMH

I guess those ones up there are blind to see Vanguard.. And where Is Mynd44 self who only knows how to close thread and ban people but won't move good news to front page swiftly

On the contrary, there's a lot of scammers out there who do the unthinkable and mask it with fake newspaper links or screenshots. The caption up there was poorly written, not a single mention of who is offering the so called scholarship or any details of the scholarship. The claim of 'searching' for the boy and asking people to come up with 'legit' info is also wierd; the boy is from FUTO, how complex is it to place a call to the school or department to seek the boys info? You cant blame anyone for questioning the authenticity of stories that fly around Nigeria's social media space.

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Politics › Re: Awkward Moment Buhari Snubs Tinibu's Wife As He Exchanges Pleasantries by obailala(m): 5:07pm On Nov 29, 2019

TonyeBarcanista:
Is Onyeka Onwenu a Japanese woman?

No they said it's only Yoruna women he doesnt shake. Nothing wen Musa no go see for gate grin

1 Like 1 Share

Education › Re: FUTO Student Who Made An Airplane Has Been Offered Scholarship To America by obailala(m): 4:46pm On Nov 29, 2019*

MelesZenawi:
Didn't you see what Vanguard wrote there?

Haters everywhere.

What exactly did Vanguard write? That they are searching for the boy who built 'airplane' so they can take him to united 'State' of america? They couldn't go to FUTO to ask of him, they rather had to come online to post a pidgin English missing person advert for those with info on the boy to come forward?

Which educated person looks at that image up there and actually believes it's from Vanguard newspaper? Smh!

1 Like

Education › Re: FUTO Student Who Made An Airplane Has Been Offered Scholarship To America by obailala(m): 3:23pm On Nov 29, 2019

Ctorch:
While Nigeria Government kept quiet, America took him.

Another brain lost to United States.

https://m.facebook.com/watch/?v=2750400464991118&_rdr

Lalasticlala

Who offered the scholarship? What's the source of this info?

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Politics › Re: VIDEO: Nigerians Blasts Buhari For Refusing Tinubu's Wife A Handshake by obailala(m): 3:20pm On Nov 29, 2019

Another meaningless occurrence for people to talk about.

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Politics › Re: Shehu Sani: Why We Rejected Buhari’s $30bn Loan Request by obailala(m): 3:05pm On Nov 29, 2019

With Nigeria's massive infrastructure deficit, it's not a bad idea of we borrow a bulk sum to finance a massive infrastructure upgrade (i.e. power system upgrade, road, rails, seaports); most of these things can pay off the debt in no time if they're managed well.

But the only problem is, will the funds be used for its intended purpose? Also, will the new infrastructure be managed properly to be able to pay off the debt? Knowing the kind of useless leadership we've always had in Nigeria, it's difficult to trust the govt with this sort of gamble.

Politics › Re: Ahmad Lawan: Only Confirmed NDDC Board Members Will Defend Their Budget by obailala(m): 3:34pm On Nov 28, 2019

VirginSearcher:
Rubber stamp.. God bless Bukola Saraki, he is the real MVP.. a pain in the a.ss to the confused incompetent APC folks

Realest MVP right? Besides fighting with Buhari, fighting the ruling party which actually took him to the Senate and padding budgets with flimsy constituency projects, can you please mention any examples of anti-Nigeria policies which Saraki successfully stopped or any meaningful laws which his Senate enacted? Whilst at it, besides Magu (who we all know was for selfish reasons), can you also mention the appointees which Saraki's senate disqualified which makes you set him apart from the current senate which you tag 'RUBBER STAMP'?

A lot of people just loosely assume any senate which fights with the executive is a good one, especially when it's an executive they love to hate.

Crime › Re: Army Accused Of Causing Disappearance Of Thousands In North-East (Video) by obailala(m): 3:20pm On Nov 28, 2019

Guyman02:
978 well fed Boko Haramists were released by the Army yesterday, it's the innocent civilians that suffer in this endless war with Turkey supplying arms to the insurgents

And why are you so certain the 978 released yesterday arent actually these innocent people held in military custody for ages? Why are you so convinced the military would freely release terrorists and continue to detain innocent people? Could it just be hatred and distrust for govt fuelling this reasoning?

https://www.nytimes.com/aponline/2019/11/27/world/africa/ap-af-nigeria-boko-haram.html

1 Like

Business › Re: Johnmary Jideobi: Allen Onyema Should Not Be Extradited To US - Lawyer To Court by obailala(m): 11:04am On Nov 27, 2019

Decolonel:
There's something definitely wrong with Nigerians. I think its better to do your business and don't give a fvck about this hopeless country. If they can be this heartless to bring this man down, who am I to think of helping this zoo

Just curious to know who this 'THEY' is.

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Business › Re: Johnmary Jideobi: Allen Onyema Should Not Be Extradited To US - Lawyer To Court by obailala(m): 10:58am On Nov 27, 2019

Im very sure Oga Onyema does not know and did not send this one. Charge and bail bro wants to key in quickly for some favours.

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Romance › Re: Not All Women Want Your Money… by obailala(m): 12:54am On Nov 27, 2019

I guess people attract their likes. I've met and dated women who never asked for a dime from me; Yes Nigerian women. I always had to be the one to even force favours on them. I must confess though, I've also met some hungry Nigerian girls who wouldn't be able to respect themselves even if their lives depend on it.

1 Like

Politics › Re: Allen Onyema Cautioned By Nigerians Before US Fraud Sagay by obailala(m): 11:34pm On Nov 26, 2019*

Difrent:
STOP IT PLEASE
Alamieyeseigha and INNOSON cases are completely different from this. Onyema got forex from CBN to buy planes, the money got to America but instead of using it for it's purpose he started distributing the money to various accounts, WHY? that's the question he needs to answer. HE IS INNOCENT UNTIL PROVEN GUILTY..but the system has noticed infractions and suspicious transactions and have asked him to come prove them wrong.

The US issue seems to be a simple one which Onyema can easily squeeze himself out of by presenting some necessary documentation and legal argument. But instead of allowing the man sort himself, hordes of painfully dumb theorists have plunged a US matter into a Nigerian inter-tribal war tagging it the handiwork of enemies and blaming Yorubas, Fulanis and Nigerian govt for trying pull down a good Igbo man after he did a charitable work which the govt couldnt do. How exactly did we degenerate to this sort of insanity? Sometimes it's really shameful being Nigerian.

2 Likes

Properties › Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by obailala(m): 4:04pm On Nov 25, 2019

OGHENAOGIE:
a system that works well profit majority... stop twisting d matter...

femi4:
If you do statistics in school, you ll know that the percentage of people achieving success in a sane clime is higher when compares to those living in Nigeria

A system that works profits many, but whether a system works or not, many people can still prosper with the right mindset, discipline and hardwork. As bad as the Nigerian system is, there're still many who prosper. Conversely, as good as the UK system is, there're still many who haven't prospered so once again, it's an individual thing!

Unfortunately, many people limit themselves with this defeatist mindset that they cannot make it because the system is bad. Some believe they can never prosper except they leave the country or resort to criminality (with the belief that only those involved in illegality make it in Nigeria). At the end, you are a product of your mindset! You are a product of what you believe!

1 Like

Properties › Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by obailala(m): 3:52pm On Nov 25, 2019

maxiuc:
people prospering in Nigeria are usually people of questionable characters

Corrupts people

Nigeria system only Favours corrupt people

This mindset is one of the foremost reasons many people aren't prospering in Nigeria; a lot of people believe they must be involved in illegality before they can prosper. That's the reason we glorify thieves and fraudsters and look up to these characters as role models. Your mind controls your destiny!

2 Likes

Properties › Re: Dr. Harvey Olufunm Buys House 3 Years After Migrating To UK - See How He Did It! by obailala(m): 11:53am On Nov 25, 2019

alphaNomega:
People prosper when you have a system that works

Loads of people also prosper in Nigeria where the system doesn't work, and there're also people in those places where things work who haven't prospered like this after decades. SO in summary, it's an individual thing.

199 Likes 12 Shares

Politics › Re: Lauretta Onochie Reacts To Allen Onyema Fraud Case: Go To USA, Face Your Accuser by obailala(m): 6:04pm On Nov 24, 2019

Daviddson:
How does the opinion of Lauretta automatically translate into that of the presidency? I hope this doesn't get to the front page without oga Lalasticlala changing the title.

Lol... are you new to Nigeria? In this country, even if a cleaner in the aso rocks makes a statement to his friend in a beer parlour, our world class journalists know how best to report it to get your attention.

7 Likes 1 Share

Politics › Re: What A White Man Had Say About Air Peace by obailala(m): 5:04pm On Nov 24, 2019

larryUG:
Do you know that Boeing owns Embraer too?

They may be in partnership in their commercial division, but hey, they're totally different companies headquartered in different countries. Anyway, the point i tried to make was that when you pull certain weight / strings, it raises eyebrows.

1 Like

Politics › Re: What A White Man Had Say About Air Peace by obailala(m): 3:28pm On Nov 24, 2019*

Maduawuchukwu:
Nobody is pushing any Persecution complex. We are saying what we see clearly. In a country where every big man is not totally innocent why must our top men be the ones targeted? EFCC is already flexing muscle on Onyeama's case but where have they been all the while men like Dahiru mangal and Tinubu have been accused of engaging in dubious means to get wealth?
"You are an Igbo man" but all your posts go against the Interest of the Igbo whether wrong or right while you promote those of the others. You are an Igbo man but you get orgasm from opposing your people. Please rethink your Igboness. Or are you an Osu? If yes, then there is no use for me to correct you.

My posts are not against any Igbo interests; my posts are against a nonsense retrogressive and nauseating mentality which I've noticed is now fast becoming a norm... Igbo big men aren't the only ones who have had challenges or have been investigated or indicted by the system either home or abroad. So why exactly is it that any time an Igbo elite faces any issue, the narrative never falls short of "they want to pull him down because he's Igbo"? Is that the mentality you want me to imbibe to be a true Igbo person? Even before the news hits the airwaves, it will instantly be tribalised by those claiming it's Yorubas and Hausas trying to pull down successful Igbo men.

If what you term "against Igbo interest" is my condemnation of the incessant proliferation of victim mentality, needless paranoia, persecution complex, irrational defense of nonsense and always creating watery conspiracies and blaming blaming and blaming and fighting other large Nigerian tribes whenever an Igbo big man faces challenges, then so be it. If this retrogressive mentality is what you want me to promote to be a true Igbo person, then I'm sorry, I'd gladly accept your Osu tag because I will not be given to nonsense. Afterall no be today people like you on this forum don dey call me Yoruba.

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Politics › Re: What A White Man Had Say About Air Peace by obailala(m): 1:26pm On Nov 24, 2019

Maduawuchukwu:
I guess I am praying for the bolded to fail no harder than you are praying for Igbo business men to fail. Innoson,Ibeto and Onyeama are part of our first 11. Why should they be having all these probs and the first eleven of others are not? Are they the only ones who have circumvented laws?

Why exactly would I pray for anyone's business to fail? Only sick people do that. You want top businessmen from other tribes to fail because you think few top igbo businessmen are having one or two challenges; that's very sick and you and anyone else who reasons like this need some medicament!

I'm an igbo man and I wish no one evil; I just find this never ending victim mentality/persecution complex thing too nauseating. When will people ever get tired of this nonsensical "it is because he is Igbo" mentality? Everyone is always leaving their business to come and attack Igbos!

Meanwhile regarding your earlier question, I guess when First Nation Airline went belly up because of debt, it was because Tinubu was an Igbo man too right? Wake up man! This mentality is ridiculous.

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Politics › Re: What A White Man Had Say About Air Peace by obailala(m): 12:20pm On Nov 24, 2019

Maduawuchukwu:
Pls which challenge have Dangote, Otedola or Tinubu who obviously have illegal dealings faced? Why must e be Ibeto,Innoson and Onyeama?

Dangote, Otedola, Tinubu, Ibeto, Innoson and Onyeama are the only businessmen out of 180 million Nigerians right?... What challenges are Orji Kalu, Arthur Eze, ABC Orjiako, Cosmas Maduka, Emeka Offor etc facing?.... I guess you're praying hard for people like Dangote or Otedola to fall so that you can rejoice at the 'equality' right?

Na only Igbo businessmen get problem for the world; wise reasoning!

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Politics › Re: What A White Man Had Say About Air Peace by obailala(m): 10:08am On Nov 24, 2019

meccuno:
did he actually do that?

hmm... just googled. Apparently AP didn't even cancel the 737 orders.

1 Like

Politics › Re: What A White Man Had Say About Air Peace by obailala(m): 9:54am On Nov 24, 2019

Adiola:
your first post was biased and clothed with ethnic sentiment if that name was tinubu ,there is no way way on earth you will make that comment

What exactly are you talking about? What first post are you referring to? undecided

This was my first post on this thread:

obailala:
Every big man out there, Nigerian or foreigner, is involved in one form of sharp practice or the other. But you only get to the limelight if you offend the powers that be in any way.

In this case, Onyema cancelling a $1.1 billion Boeing order from the US and apparently taking same funds to Brazil (Embraer) could have just angered the 'gods'

Can someone please explain to me where the ethnic colouration in the above statement is or how this fellow interpreted it as ethnic and brought tinubu into the discussion? Can you not see how consumed you are in your ethnic mentality that it's now making you schizophrenic? You think everybody you encounter online is another slowpoke involved in your Nigerian inter-tribal stupidity?

The Allen Onyema case is all over the place and I could count at least 10 live Nairaland threads on it but you say I do not have a right to comment on the case because that is being ethnic? Or only an Igbo person has a right to talk of Allen Onyema case, any one else that talks of it is being tribal? It's sad that you don't realise how ridiculous you sound. It's actually an Igbo person talking to you by the way, just so you know how shallow your comment is.

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Politics › Re: What A White Man Had Say About Air Peace by obailala(m): 4:10am On Nov 24, 2019

Adiola:
even your earlier validated his comments if this name changes to tinibu that your post wont grace nairaland so keep shut we know where u belong

I would be lying if I said I understood the complex unpunctuated sentence you just wrote up there. Can you please be clear? What is your point?

Politics › Re: What A White Man Had Say About Air Peace by obailala(m): 1:39am On Nov 24, 2019

Lorenzop:
But he made valid points....ask your self why was Ibeto silenced just to enthrone Dangote?....what about Innoson?.....the list is endless. See these things are open secret, even someone in elementary class will ask these salient questions.

I am not vouching for Allen Onyeama but you should know that US is the big bully here once they consider anyone a threat to their dominance or you don't do their bidding.

Example, Iran continues to face sanctions just because Trump unilaterally pulled out of the nuclear deal Obama had with them, even their European friends attested that Iran has not broken any rule....guess what the US continues yo bully and coerce the EU to do its bidding just to mess up Iran....do you know there is a cure for both cancer and HIV aids?....I guess you don't know but you know what....the US and its western allies won't allow the proliferation of such drugs....why because they make a lot of money from HIV and cancer drugs being produced in the US and of course the money goes straight back to US economy. This brings me to the current issue....Air peace cancelled a deal of over $1B just to patronise Brazil, do you know what that money will do to a country's economy.... That's where the bully act comes in....its more like since you wont patronise us, let's pin some dirt on him.....Trump himself isn't clean....another bug example is Facebook.... Please google Facebook dark secrets...you will better understand that the US protects its own and kills another.....irrespective of Allen Onyeama's tribe.....the US will still met out the same treatment.... My point is...stop ass licking them....they ain't saints

Truly the black man was taught to hate themselves

Are Ibeto and Innoson the only Nigerian businessmen that have faced challenges from business competitors/ rivals? Is Ibeto the only businessman in Nigeria that Dangote has trampled on through govt connection even within the cement business? Have you heard of BUA and what dangote did to him in the sugar business? Is BUA also Igbo?... Is Innoson the only businessman that has faced issues with our cartel-like exploitative banks? Why cant some of you folks just see anything beyond tribal conspiracy? Are you not sick and tired of this repeated line "its because he's Igbo"? Doesnt it now sound ridiculous in your own ears?.... Which ethnic group in Nigeria is enjoying economic support or paradise or having it well?... Not even the born to rule northerners are enjoying anything economically. Why does it always have to be about Igbos Igbos Igbos and why does every other tribe always have to be blamed?... The rest of Nigerians are sick of it and people get tired of Igbos because of this never ending victim mentality/persecution complex and "it is because he's Igbo" nonsense.

Dangote who you used as an example even enjoyed the same FG backing under northern and southern governments, are you then implying even GEJ supported Dangote to knock Ibeto out of business because GEJ hates Igbos too?... If Allen's case now was in Nigeria now, only God knows the kind of tribal wailing and victim mentality crusade that would have been happening now as if to say he's the first Nigerian businessman that has ever been accused of anything. Even as it is now, some persons couldnt resist the urge to say it is jealous Yorubas and Hausas that went and reported Allen to US authorities. Haba!

Seriously this mentality needs to be exorcised before it totally consumes Igbos. I'm an Igbo man myself but I'm sick of hearing it so I imagine how others would even feel.

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