Obailala's Posts
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Bizibi:I say make you advise me naa.. 2019 is fast approaching and whether we like it or not, somebody must be pushed to Aso Rock, else Bubu go kontinuu without stress. So if you say this hustler is fraud, who we go back? |
Bizibi:So advise me, whose trick should I fall for? |
Bizibi:At least I see his efforts, I see his fighting spirit, I've seen his antecedents running under the sun and in the rain since as far back as 1993 doing what he believes in his own right was best for Nigeria. Since the return of democracy in 1999, I know his history of fighting and exposing the ills and evil of different administrations irrespective of tribe, ethnicity or political affiliation; I remember vividly when he started the saharareporters movement and how he used the platform to fight OBJ's 3rd term/life presidency agenda to a halt; I know how he fought and exposed the Turai kitchen cabinet/cabal that held the poor little Johnny hostage when Yaradua was ill; I remember how he was the first to reveal that Yaradua was clinically dead despite the tricks of the cabal. In summary, I know Sowore and I can attest too his efforts to create a better Nigerian society. Presently, I have also seen him campaigning tirelessly for the presidency, travelling the length and breadth of Nigeria trying to convince people at the grassroots; no other presidential hopeful has done this, they all seem to be waiting for endorsements from godfathers and moneybags to fuel their campaigns 2 months to election. If you say I shouldn't trust this one, who should I trust?.. Atiku? Makarfi? Fayose? Buhari? Dankwambo? Duke?... or maybe I should keep waiting for Duke or Durotoye or Moghalu who seem to just sit with arms folded in their homes speaking English only when invited to shows? |
StaffofOrayan:Jonathanians claim Sowore helped remove GEJ, so he's a sworn enemy for life. Some others top it up by saying Sowore received big brown envelops from Tinubu to help remove Jona. |
Bizibi:A young man that has continuously fought passionately for a better Nigeria in his own little ways for decades, a man that in the past few months has been going from state to state, meeting and speaking to people at the grassroots, at present, yet ee say we dont trust him. At present, he's the only presidential hopeful who is campaigning; others simply wait till 2 months to elections, get blessings and sponsorship from godfathers, buy their way through elections, get to power and repeat the inept, irresponsible leadership cycle. Are those the type of leaders we still want, the ones with big agbadas? If I may ask, from the list of candidates who have declared interest so far, which ones have made any effort at campaigning? |
Fuckyoumod:Of course there would always be that insecure confused fellow in each thread spewing "Hate × Ignorance" to the admiration of his fellow ignoramuses. The report talks of several state owned rail initiatives, and then mentions the Abuja light rail. But this fellow wants Lagos state governor to come and build a light rail system in the SE because the SE is probably an IDP camp which has no governors right? Meanwhile the one built partially in Rivers state, the new governor declared he will abandon it to the cheers of fellows like this. Now he has a problem with Kano state and Lagos state governments building light rail networks and he as a non-niger deltan calls on Niger Delta militants to start blowing up pipelines and destroying their environment. @Fuckyoumod, walahi, to slap you dey hungry me! |
dammy13:You guys had sex after 30 DAYS OF NON-STOP CHATTING, CALLING AND PROBABLY VIDEO CALLS. I find it hard to see why that should really be classified as sex on the first date. |
chloride6:Well, this is all up for argument. I'm not an economist, or an expert in economics, I only stated things I believe I read or heard from different sources; people who claimed to be economists argued that the Naira was greatly overvalued at N150/$ for a country that produces next to nothing. Several economists have also deeply criticized the system of the CBN pumping in cheap forex into the market to artificially bolster the value of the Naira; in some quarters it was termed "subsidizing of importation" and it was highlighted as a major factor killing local industries. This argument has been in the airwaves for a long time and they did not originate from me. I agree with you, things are hard so it makes sense for the government to consider "subsidizing importation", but when you look at it, as long as we don't produce the basic things we consume, there will always be some kind of "subsidizing". It's either the government subsidizes forex for cheap importation of everything (including fuel) and risk killing local production as was the case in the past, or the government subsidizes only fuel as it is trying to do currently to gain more money for it's obligations. But at the end of the day, the money saved by not subsidizing forex is still spent in subsidizing fuel imports and the vicious cycle continues until we freaking get priorities right by fixing refineries. Anyway, I envy whoever becomes the next president in 2019 when the Dangote refinery and the other about 6 modular refineries currently under construction come to service. |
KratosCorp:It's written in the main report by the Op. 2) Claims of corruption is not a justification for GOING BACK into government monopolies that has a 100% history of FAILURE. How did we move from splitting the NNPC to giving that same corruption HQ an unregulated monopoly over the most essential commodity in the country? Was it just because buhari is called the minister?I agree, it's a terrible thing to not be transparent about the workings of NNPC, but I totally disagree with the idea of throwing back the responsibility of fuel importation back to the numerous devilish capitalist crooks that made up the fuel import cabal. If the government is serious, it will definitely be a much easier task for the FG to monitor the actions of just the NNPC (as the sole non-profit fuel importer) than to monitor the actions of the thousands of devourers who swindled Nigeria mercilessly during the subsidy bazaar period. 3) You really sound so clownish with this "no money is paid from the government or NNPC to anyone". In one breath you said that loses are INTENTIONALLY MADE and then COUNTED AS OPERATIONAL COSTS which are then DEDUCTED (about 1 trillion per annum) from the money that should have been paid into the government treasury. Yet, in the same breath you said that "no physical money is being paid to anyone". Obviously, it's either you don't know what money is, or you are just being so irresponsible.I'm sorry you did not understand the essence of my explanation. When the government wants to spend money in its coffers, there is definitely a need for the NASS reviewing and approving. But in this case, the money doesn't even get to the government's purse at all. For example, multi-national JVs deduct their 'operating costs' before remitting the government's percentage of the income to government; likewise the NNPC also deducts its operational costs before remitting profits to the FG. In this current case, the explanation given by the NNPC/petroleum ministry is that the losses it made from fuel importation and distribution (at lower cost) is part of its 'operational cost' which it deducts before remitting its overall profits to the FG. This explains why it isn't classed as an expense by the FG which needs appropriation. Now this is the explanation given by the NNPC and not Obailala's explanation, and I am neither hailing the process/procedure as good or bad. The only issue I have is the refusal to throw the books open for all to see. It is left for the NASS to use its powers to change the Act concerning how NNPC deals with the FG. Finally, Buhari and his cronies are running the NNPC. This same gang of innocent thieves are making unregulated deductions from source while you hail them. Can you imagine your production manager counting unregulated and unverifiable expenditures as operational costs in your factory?Kindly go back and re-read my post and please point out where Obailala hailed anyone dead or alive?.. That I did not agree with your argument and that I gave a clarification, how exactly does that equate to "hailing government"? Like I said before, it's a sad development that those in power have continued to run NNPC in secrecy, the very act which was condemned when it was a norm by previous governments. But then, try and purge yourself of anger towards everyone who doesn't totally agree with your position; that anger mixed with political sentiments prevents your from comprehending simple explanations. |
chloride6:This isn't me trying to defend government, as a matter of fact I try as much as possible to keep away from threads like this because any response would be seen as "defending government". But heck! Many years ago, we did come to this forum to gain knowledge. But now the opposite is the case, tribal and political sentiments have eroded every single sensible discussion on the forum. It pains me when I open a thread like this and see everyone purely focused on the political answer instead of the logical true answer. Several people queried why there still has to be subsidy payments despite oil prices being lower and pump prices higher. The simple answer to that question is the difference in exchange rate between the periods being compared. But little did I know it was a dreaded crime to now say the truth. Obviously if I had just said, "ah, Buhari is a thief, he siphons all the money to his farm," I'm guessing that would have been a more noble and intellectual answer going by the current mood of people in the thread?.. So what if there was someone on the thread who genuinely just wanted to get educated without being involved in the political angle?.. How exactly is my response a crime against humanity?... You talk of the exchange rate, of course with the amount in the foreign reserves now, the government can crash the exchange rate. But isn't this what so many economists have advised against?... i.e. using foreign reserves to basically control the exchange rate thereby appending an artificially high value to the Naira which consequently affects exports?.. I imagine the government and CBN intentionally have refused to drive the cost of the dollar down to aid local production. In mu opinion, the best way to solve this current crisis is for the government to take a loan and raise new refineries quickly; Nigeria should have no business importing fuel and that is the genesis and revelation of all these problems. But it seems everyone has their arms folded waiting for Dangote refinery. Anyway, since meaningful discussions are now a taboo on this forum, I'm off the thread! |
KratosCorp:Why 2012?.. I assume everyone was made aware of the landing cost of fuel in 2012 (N142) during the subsidy debates; that is the reason I used 2012 as an example for comparison. But then, same rules also apply to 2014, 2015 or even 2016 or 2017; landing cost of fuel is dependent on the prevailing exchange rate and global price of oil. So I'm not sure I understand your first line above where you ask of 2014 and 2015. Back to the main issue... You raised a valid question about why Nigeria still pays subsidy despite oil price being lower and pump price being higher. I believe I answered that question satisfactorily so I'm glad you've now proceeded into more pertinent issues bordering on monopoly and appropriation. The main reason there was a massive subsidy fraud in 2011 (which led to the subsidy removal in 2012) was because the importation fuel was liberalised, every Tom Dickk and Harry was given license to import fuel and then come collect subsidies from government. As we all know, Nigerians love to take advantage of and abuse things; so there was a massive uncontrolled fraud in 2011 which led Nigeria to pay subsidies of N2.1 trillion in that year alone (a crazy jump from about N650bn in 2010). In order to prevent that mess and ensure control, the NNPC has upgraded its capacity and is now the sole importer of products. That explains the monopoly. REgarding the lack of appropriation, if you ask me na who I go ask?... The NNPC has the responsibility of supplying fuel to Nigerians; it buys the fuel at say N205 and sells to Nigerians at N145 (i.e. making a loss). The loss is counted as part of operational cost before its other profits are paid to government. In essence, no physical money is paid to anyone, reason why it's not called 'subsidy', and as no money is paid from the government or NNPC to anyone, that was the explanation given why there was nothing to be appropriated. That's my little understanding of the issue. |
Reference:Why couldn't you respond to me directly? You had to hide to insult me while exposing your poor understanding?... You speak like an enlightened person so it's a shame that you still couldn't understand the simple explanation I gave as to how the exchange rate affects the current subsidy bill. I will try again to explain, but if only you can purge your heart of bitterness and political sentiments, I think the explanation would be clear to even a primary school pupil. Not every issue must be viewed from the angle of politics, some things are just common sense. Remember Nigeria buys its petroleum products from abroad using forex? In 2012, the exchange rate was ~N150/$, oil price was ~$100/bbl and landing cost of fuel was put at ~N142. In 2018, the exchange rate is now double (N305/$), oil price is ~25% less (~$75/bbl) and the landing cost of fuel is quoted as ~N205. @Reference, you asked why Nigeria still gets to pay subsidy when oil prices are lower and pump price is now N145. I responded that the exchange rate was the simple answer seeing that Nigeria uses dollars to import its fuel and the dollar now cost twice what it cost in 2012. And then you called me a 'nitwit' for the above answer?... Your mind and reasoning are obviously held in bondage by political sentiments so it would be silly to further respond to your type. @Quidquopro With all sincerity and honesty, kindly read the bolded explanation I gave above regarding how the exchange rate is responsible for the current subsidy payments and please tell me if that was a stupid explanation warranting the 'nitwit' insult from @Reference above? |
Reference:Several people on this thread asked why subsidy is still paid despite the fact that the pump price is now N145 and oil prices is lower than what it was 5 years ago. I gave the simple answer to that question being that the exchange rate is now twice what it was 5 years ago. I hope you understood the answer I gave regarding how the exchange rate infulences landing costs? Then with that aside, talking of corruption, it is common knowledge that there was massive corruption in the way subsidies were paid to every Tom, Dickk and Harry for both fuel imported and not imported alike. NOI talked about it, Sanusi talked about it, GEJ talked about it and proferred a solution which was to end subsidy payments completely in 2012... The system is obviously now more controlled (or more controllable) as only the NNPC now does the importation. I can't speak for anyone about the secracy in providing full details of the current payments or passing it through the NASS though. |
Esseite:The exchange rate is the answer to your question; the exchange rate now is twice what it was in 2012 (N150/$ to N305/$), and consequently, the landing cost of fuel is twice what you would expect it to be when compared with figures from 2012. I'm a bit confused at why this simple factor has evaded the minds of everyone dropping comments on this thread. |
KratosCorp:The answer to the question you raised above is very simple if you think about it with an open mind. In 2012, oil price was around $100, the exchange rate was about N150/$ and landing cost of fuel was around N142. Today, oil price is around $75, the official exchange rate is double what it was in 2012 at N305/$ and that explains why the landing cost of fuel is now about N205 now (instead of being lower than what it was in 2012 when oil price was higher). I hope you now have your answer? The vicious cycle of fuel subsidy payments would persist until Nigeria stops the foolish system of fuel importation using forex. |
As long as Nigeria continues in the foolish cycle of importing a product it should be producing, the vicious cycle of fuel subsidies eroding the nation's finances will continue. |
rentAcock:Lol.. Russian birds are known globally to be about the most rugged. They dont go about advertising and pumping out propaganda about their technology like the west does everyday to mould your opinion. From this your comment, one can clearly see you're a victim of western propaganda. Oh and by the way, the report even said it was an Airbus. |
gurnam:It's really sad and disturbing that even educated minds could be twisted so badly to the point where they cant reason normally any more. |
Which one amongst the two pictures is the original?... or did I darken the contrast on my screen? ![]() |
gurnam:Ahhh.. sometimes you have to take these opinions seriously cos the sheer number of people bearing this sort of putrid mentality out there is alarming. it actually includes very well educated persons. |
TylerDurden:After extraction, ND oil is stored in terminals like Qua Iboe, Escravos and Bonny; the oil stored in these terminals is then sold to buyers from different parts of the world - India, USA etc and everyone is happy. But now a Nigerian buyer indicates interest to also buy Nigerian oil for his refinery, but you have a problem with that because you do not like the tribe of the Nigerian buyer. This sort of mentality abounds even amongst people who claim to be university graduates yet we wonder why Africa is called the shithole? |
TylerDurden:When hate overshadows reasoning, it kills wisdom and common sense; Hate x Ignorance is a very toxic mixture. Lagos has oil drilled offshore, but obviously, the entire oil from Lagos will not meet the required volume of feedstock (650,000 barrels per day) for the Dangote refinery. So common sense applied here means raw material (crude) has to be sourced from elsewhere. Dangote is known to be constructing a subsea gas pipeline to Lagos. It's possible a crude oil pipeline is being constructrd too, but then, Dangote will be paying for the crude, just like all other international buyers of Nigerian crude; it is not going to be a gift. The gas being transported through the proposed pipeline will be bought and sold, the gas going through the pipeline will not be owned by Dangote and neither will it be given to anyone for free. Dangote is only providing the means of transport for the gas from the oil/gas fields to the doorsteps of those who need and are willing to pay for the gas. Selling this gas will also reduce gas flaring (which is a good thing for the environment of the Niger delta) cos the gas which will go through that pipeline is currently being wasted/burnt away daily because there's no infrastructure (pipelines) in place to help get it to areas where customers for it are located. Education does not end with learning maths and English and grabbing a certificate. It pays to read widely to broaden your knowledge base. |
Tushkito:Huh?! Are you kidding me?... Is my English grammar that difficult for someone who writes English as good as you do to comprehend?... Sorry to say but you are clearly the one who failed to comprehend simple English sentences because you were probably in a desperate hurry to just respond with a pre-meditated attack even before spending a second to read and understand first. Firstly, I said Amadi is a very common Ikwerre name, nowhere did I directly or indirectly imply that only Ikwerres bear Amadi. So where exactly did you pick that weird conclusion from that you're so excited about? Secondly, I said Nnanna didn't sound like a common Anioma name and neither does Ochereome. Nowhere did I say or imply that it was IMPOSSIBLE for someone from Delta to bear those name; if only you bothered to digest a message before rushing to reply, you should have also noted that. Anyway, I hope you're happy now that you have finally used the pointless argument you've been dying to use all day? i.e. "I am Igbo and you are not... and a non-Igbo has no right to discuss any topic related to Igbos".... But sorry to burst your little bubble; I am from the heartland of Igboland Imo state. If only you were paying attention and not just in a hurry to reply with the above argument, then maybe you should have read where I mentioned my origins to you the very first time you asked. And yeah finally, you are wrong about an assertion you made; it is indeed possible to guess to a certain level of accuracy, the place a person is from purely by the person's name, especially if the person bears certain unique names; e.g. if a person tells me their name is Amadi, I know theres a 70% chance they are from Rivers.... Now if you can't read and comprehend this too, then I'm afraid I wouldn't be able to continue with this exchange. |
Tushkito:Just to remind you again of what I said before, a person mustn't have to be from a particular place for him to have an understanding or have a 'right' to know what names from a particular area sound like. You aren't from Rivers or from Ikwerre land, but you just gave an example of 'Amadi' being a common Ikwerre name. It would be totally flawed logic for me to challenge your right to know that so I wonder why you choose to challenge my right to know that Ochereome and Nnanna dont sound like typical Anioma names. kindly put aside your mentality of questioning where I'm from; it'sa baseless argument approach. Back to the main issue, you said Nnanna is an Igbo name and that one cannot detect accurately what part a person is from just based on their name; but that is wrong and you just contradicted yourself by acknowledging that the name 'Amadi' is very common amongst the Ikwerres. Kindly go back to my last post and re-read it. Just like we all agree 'Amadi' is a common Ikwerre name, I also put it to you that Nnanna and Ochereome do not sound like typical Anioma names. I don't seem to understand why you feel troubled with my comment even when you still buttressed the same point with your exexample |
mabea: Tushkito: Tushkito:Dear Tushkito, By repeatedly asking me where I'm from, I think I already know exactly where you're headed; you probably want to drag the argument to the simpleminded realm of "Oh he's not from this area, so he shouldn't have a right to know what typical names from the area sounds like." But may I remind you, irrespective of where I'm from, I dont have to be from Russia to know what typical Russian names sound like, neither do I have to be from or live in Spain or Akwa-Ibom to know what typical Spanish or Akwa-Ibom names sound like. I already made my point, after living and mingling in Delta state for over 20 years, 'Ochereome' doesnt exactly sound like a typical or common Anioma name, neither does 'Nnanna'; this is just my opinion, and it has nothing exactly to do with the issue discussed on this thread which I'm not really interested in. And and by the way, since you're so interested in where I'm from to cap your argument, I'm from Imo. Dear Mabea, From close interaction, I think I have a fairly good appreciation of Delta Igbo names and I haven't really come across any Anioma person who bears 'Nnanna' or 'Ochereome'; but that is not to say it's impossible. By the way, what exactly do you mean by "Removing the Igbo in Delta"? You lost me there. |
These Rivers state political thugs keep sailing from one harbour to the other in search of daily bread. |
Tushkito:What kind of question is this?... Am I supposed to be from Russia? |
Ochereome, Nnanna. Hmmm...These two names absolutely do not sound like Delta Igbo names, I'd be surprised if he is truly from Delta. |
ipobarecriminals:But isnt it the harsh criticism and challenge of lunatics like Freeze that has led to this new development? This is the exact sort of thing Freeze has been challenging Nigerian churches to do to prove they are really and truly followers of Jesus so however you look at it, one can say the lunatic Freeze has made a positive influence with his lunacy. |
[img]www.nationalhelm.co/wp-content/uploads/2018/06/fujjo2.jpg[/img] What kind of tool could have been used to cut a cow in 2? |
kenex4ever:Well, nobody in this life is a saint, but until a formal allegation is filed against such a person, it's worthless crying emotionally online that the person is a thief. Diezani has a mountain of live allegations heaped on her which are being investigated by EFCC and the UK police. Several of her houses within and outside Nigeria have been confiscated, She's under corruption investigation both in Nigeria and in the UK. There are several cases of her linked to some serious money laundering and some of her associates like Jide Omokore and Kola Aluko are also under investigation with their properties, planes and yachts being seized in different parts of the world. I can provide news weblinks for you if that would please you. With the above, how in God's earth can anyone possibly try to feign ignorance of the charges against Diezani?... How dare you claim there is no evidence against her but people just badmouth her online? IS she the only one in PDP?.. I asked you to name the charges against Fashola since you're obsessed with him but you can't point out any besides online grumbles. What is even the basis for comparison between both people?... There are many PDP thieves out there, we got people like Uduaghan, Akpabio etc, but you don't see anyone dwelling on or calling their names not because people think they are saints or because they are sympathetic to APC, the reason no one calls their names is cos they have no charges with EFCC, no know allegations have been brought against them with any single evidence (even thought we all know in our hearts they are rogues). Enough of this emotional crying which amounts to nothing. |
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that lunatic freeze nor go see dis one oo