₦airaland Forum

Still waiting for an explanation as to why Nigeria had to buy those toys for $50million a piece.

Wiseandtrue:
I am in support of scraping the subsidy afterall Buhari himself once admitted that there is nothing like subsidy

So where is this coming from

Fuel pump price was N87 including fuel subsidy. Under Buhari, it is N145 with subsidy

Its either Buhari is very very clueless or he is the biggest thief without conscience that this country has ever come across

Secondly people will complain when things are going wrong

This administration is not getting it!

ejibaba:
So why was it increased to 145? @85 we paid lesser subsidies now 145 we pay more subsidy...Guy, even if you are paid won't you for once think of your children? How much are you paid compared to what they steal? God help you

@bolded, funny how everyone seems to miss a very vital and obvious point which answers all the questions. Nigeria imports all its fuel with dollars; if imported PMS cost N142/litre in 2014 when the dollar was N160, do you still expect the same imported PMS to cost the same N142 when the dollar now sells for N360?

When comparing landing costs/pump-price/subsidy value between 2014 and 2018, don't forget to factor in the fact that the Naira has been devalued by over 100% between the 2 periods being compared. With oil prices hitting $75 this week, landing cost should currently be around ~N190-N200/litre and subsidy payments will continue to increase. This vicious subsidy cycle will continue until Nigeria grows up and starts refining its own fuel. I expected the current government to take ambitious loans to scramble modular refineries as a permanent solution, but the lazy government preferred the option of waiting for Dangote to complete his refinery. Unfortunately, with Dangote refinery is completed, whilst it may force Nigeria to stop importation, I don't foresee Aliko selling for anything less than N200/litre.
http://www.punchng.com/rising-oil-price-pushes-petrol-landing-cost-higher-nnpc-to-spend-more-on-subsidy/

Just to clarify, NO! this isn't a defense of anybody or government, it's just a clarification of the common confusion I keep reading online regarding people asking why Nigeria should still be paying subsidies even though PMS now sells for N145.

erico2k2:
Have you not bought stuff from the USA b4 to the uk?don't you pay the said taxes ?
Have you not bought goods frm uk to Nigeria do t you pay taxes ? Or are you confusing yourself with VAT ? This is lame

erico2k2:
Xcuse me . Where did it say it was bought for N180 and from where plz .
The only publications I have seen said N171 . Now from the list of them countries in that file who can supply us for that amount ? ?can U land PMS from these 8 countries listed for N171 ? ?or you did not bother to go fru the link . I suggest u wake up frm ur sleep .

Wonderful! The matter is even worse than I thought; how come I'm the only one witnessing this funny dude's inverted logic?

@erico2k2, Okay sorry Oga, NNPC imports fuel at over N300/litre but lies to Nigerians that it buys it for N171. The idea is for the government guys to steal the -N129 deficit. You win abeg! Bye!

After reading the title, I just stepped in here to behold the verbal destruction PMB will get

Thegeneralqueen:
Girl people's opinions doesn't matter in your life........just live your life to the fullest

The only person who 100% doesnt care about what the world thinks about them is a mad person on the streets. Of course if you bother too much about the opinions of everyone, you will be overwhelmed, but that notwithstanding, every sane human MUST listen to and consider the opinions of others.

erico2k2:
[b][/b]
the logic is tis, the only way they can make profit from this was to inflate the quantity of supply .Im finding this strange for you to understand, how can the servant buy a commodity for N180 where there is no where in the world that sell for less than N300. don't ou smell a rat?
use this as a guide mayB it will make more sense
https://www.globalpetrolprices.com/gasoline_prices/
so if you check, there are just 8 countries in the world we could import from for less monies.

If the idea is to make money by falsely inflating the quantity supplied, so why bother deflating the price by up to 40%? Isnt that already cancelling the marginal profit they try to steal by inflating the quantity supplied?

If I have an intention to corruptly steal money, why then would I buy a commodity N300 and tell people I bought it for N180?... Shouldnt it be the other way around?... Quite amusing that you still cant see your flawed argument. I suggest you go take a deep nap

erico2k2:
you forgot 65% of the total cost of petrol is tax in the Uk and same is true of tobacco? really?

Good stuff! You are beginning to help me answer your own questions. Keep the answers coming, keep searching within and answering yourself. Very soon you will also realise your upside-down logic all by yourself.

At least youve now acknowledged that there are certain internal factors which could make a commodity sell for different prices in different countries. So a simple question for you, if you agree there's a minimum price regulatory tax which forces B&H cigarette packs to sell for £10 in the UK, do you think the same tax would be imposed on the packs sold outside the UK?... If not, why did you bring up the comparison of PMS prive in UK vs Nigeria in the first place?

enlady:
You are just trying hard to exonerate Buhari.
No governor or state house of assembly can promulgate a law empowering a vigilante to carry arms. The courts will throw it out.
The constitution is very clear. Section 214 (1) of the Constitution says:
"There shall be a police force for Nigeria, which shall be known as the Nigeria Police Force, and subject to the provisions of this section no other police force shall be established for the Federation or any part thereof.
The livestock guards earlier equipped by Gov Ortom was also backed by sections of the anti open grazing bill of enacted by the Benue HOA. But the military arrested and disarmed them in January 2018 when these attacks heightened.
Any bill passed by a state HOA contravening the constitution stands illegal.
Until we amend the constitution to allow state police, the buck stops at Buhari's table.
In this Benue instance, PMB has been irresponsible and a complete failure!

So in essence, are you saying all vigilantes bearing pump action and other types of non-automatic weapons around the country are illegal?

Im not understanding your point..Vigilantes are vigilantes and police is police; why are you mixing the two?

erico2k2:
so have you checked cost of petrol around the world

That petrol sells for £1.18 in UK, it doesnt mean it has to sell for over N500 in Nigeria. A pack of benson and hedged cigarrette sells for over £10 (~N5000) in the UK, but the same brand sells for less than N500 in Nigeria. So Oga please leave this your repeated inconsequential question about how much petrol sells for around the world.

Meanwhile I'm still waiting for you to explain your logic about NNPC buying petrol at over N300 and telling Nigerians they bought it for N180. You termed it "over-inflation". I'm not doubting that the govt is trying to swindle Nigerians somehow, and neither am I doubting that you may have a point. But I'm just struggling to understand your point as it makes no logical sense.

A boss sends his servant on an errand to go buy a commodity. The servant returns and tells his boss he bought it for N180. You claimed the servant actually bought it for over N300 but is lying in order to swindle his boss. Can you be kind enough to explain the logic in your allegation?

erico2k2:
You said I'm wrong and can present figures to establish that.the only way for the FG to Ci er that scam up was to limit imports to NNPC . The scam the eff is the quantity imported if not in 2 days clime there is no profit in pms importation . So the quantity got inflated . Ie supply 2 ships and present docs for 10 ships . .U are buying into what the NNPC has published in its audits which are over inflated . Let me shine a light on it.70% of our pms comes from China . Chk the pump price of China .

The NNPC is saying the landing cost of PMS is about N180, you consistently claim it is a lie, that the true cost must be over N300; and then you turn around to say NNPC is OVER-INFLATING because it wants to steal?... Where is the logic in this?

Lol... guy maybe you need to go back to bed, and then when you wake up refreshed, try and re-examine the logic of your argument again.

enlady:
@ the bolded
Our laws do not permit any group to bear arms apart from the armed forces and police. We are all witnesses to how the army hounded and arrested the livestock guards previously set up by Gov Ortom.
Call a spade a spade. We have a commander in chief of the armed forces. The buck stops at his table. He has chosen not act

Vigilantes may not be allowed to wield automatic assault rifles like AK47s, but there's no law stopping the state government (with the backing of the state HOA) from setting up and arming state vigilantes with guns line pump action rifles. If they are arrested and the governor pays a visit to the station, not even the IG can prevent the governor from releasing his boys legally. Let's forget all these excuses and ostrish play by the governor, even though we practice a strange federal system, the fact is that we still have a federal system and the governor wields enormous powers.

ajebuter:
Oba, that's the government you campaigned for....

And so what?... Do yourself some good and wake up from this your endless 2015 Jonathanian delusion.

Between 2010 and 2015, thousands were also killed by the very same herdsmen in the middle belt but it was never reported at the time because a bigger overshadowing menace (BH) then was killing tens of thousands. The govt at that time was incompetent in it's security (and other) responsibilities and so it was booted out. Oh yes, I have absolutely no regret for booting out the old scumbags.

Fastforward to 2015, new set of guys guys take over and have once again proven to be another set of incompetent scumbags, they will also be booted out but that is only assured if people like yourself wake up and stop dwelling in this your endless Jonathanian wailing.

GrammarNazi1:
...the number of ladies that has...

Huh?... How can a self acclaimed grammarian be correcting a correct statement with a wrong one? Naija una too much..

erico2k2:
I have.my point is this nowhere in the world where you can land PMS from at N300 . Simple .

Bro you are wrong! I dont know the exact figure as at today, but PMS landing cost in Nigeria is currently less than N200; if there's any reason the NNPC/PPPRA would want to lie about landing cost, they would more likely be inflating the figure to steal money, not the other way around.

What exactly is stopping the Benue state government from setting up a state-wide armed vigilante group to flush out and expel every Fulani from Benue?

How can massacres like this keep happening unhindered every other day without a single resistance?... not from the police, not from the military, not from civil defence and not from vigilantes?... not even a single one of the perpetrators arrested or killed, like absolutely zero resisitance?... Even in Taraba, at least we hear of attacks and repisals, but in Benue, it just seems the Benue people are just inanimate objects. This situation lacks logic.

erico2k2:
Geat you got a figure . You guys are too lazy to research . I gave a simple assignment you turned it to bck n forth wordings . Simple put it.the difference in landing price is the true cost of subsidy don't forget to add tax . Let me give you head start cheapest PMS in the world is in venuzela and they too subsidize PMS up to %90 so we can't buy from there .
As we speak the cheapest PMS in the UK is £1.18

You haven't still clarified your point.. So because pms in the Uk is £1.18, you have simply done a conversion and assumed landing cost of pms in Nigeria has to be over N300?

erico2k2:
Ok I give you this assignment name one country in the world where you can land PMS from to 9ja @ N400 .

Oga, cut the riddles and simply explain your point; the country where it comes from, how does that matter?...

How did you arrive at your over N300 landing cost conclusion?... If that were the case, how come PMS still sells for N145?... That woukd mean a subsidy of at least N155 per litre.

erico2k2:
yes and even B4

There's no way it can be up to N300, else subsidy would have been up to N3trillion by now.

erico2k2:
You are still confused, who told you landing cost of PMS is below N300

You mean currently?..

Issakendrick:
Veteran Comedian "Alibaba" has took to his twitter page to recounts his ordeal with warri boys in 2014 when he was about to help a community to repair their road by filling a giant pothole in warri.

He Wrote:

Wanted to fill a giant pothole in Warri, with rubbles in 2014. Just so vehicles could drive pass without wading through the pool of water, I was stopped by the boys in the neighborhood. I had already paid for 3 trips. One of the drivers had been manhandled by the boys in the zone

Source:
http://www.nairaplus.com/2018/04/alibaba-reveal-what-stopped-him-from.html

This is very standard practice in Warri and environs; a very disgusting and retrogressive way of life that has succeeded over the years in destroying the business climate in Warri and chased away all investors. Just imagine a company as large a Shell packing up and relocating to PH and Lagos?

I still shake my head at the foolishness of people who still ignorantly defend the miscreant youths perpetrating these acts, mostly excusing their actions by arguing that "the youths are restiveness because govt did not provide jobs food to feed their lazy asses." Worst of all are ignorant folks who excuse the acts of the miscreants but go about to spin or swallow silly conspiracies about how Yorubas and Hausas are the ones responsible for businesses running to Lagos.

Miyetti Allah guys have never denied it that their members are responsible; instead whenever the issue is raised, they simply give dirty excuses about how stolen/murdered cows or anti-grazing law or retaliatory attacks is the reason behind the mayhem.

Enough of these excuses being made for these guys; those responsible for the massacres are Fulanis from Nigeria and it will take the Fulanis themselves to stop the crisis before it turns to a full blown civil war by Nigerians against Fulanis.

Cromcruach91:
That is why we must deregulate.

Prices go up, yes, but so does investment, refineries, and eventually prices will crash due to competition.

We can't afford subsides anymore. Unless oil goes up to $150 and above

Sadly, if oil goes up to $150, there will be no succor because petrol landing price will go up to N300 and that means more subsidy.

If the government was serious about solving this subsidy crisis without inflicting pains on Nigerians, a dedicated loan should have been taken to speedily set up several modular refineries (just at the site of existing refineries). After completion, the refineries should be handed over/concessioned to private establishments to run them efficiently and profitably and pay royalties to government just like the NLNG. With that arrangement, the loans could even be paid off in a couple of years and Nigeria would kiss the vicious subsidy cycle goodbye.

Fuel scarcity loading!

A nation that cant refine its own fuel after 60 years, it also wants cheap fuel but doesnt want to pay subsidies. Such an interesting situation.

Suplexx:
If Okonjo-Iweala blames some governor for depleting the Excess Crude Reserve, who would she blame for depleting the External Reserve?

Before we even go to external reserves, let's concentrate on the FG's lion (52%) share of the same ECA; who do we blame for vaporizing that chunk too?... Maybe Amaechi must have also charmed Oga Jona.

Meanwhile isnt it suspicious that at the time, PDP had up to 28 of the 36 governors, but whenever the story is preached, they only just carefully mention names of a bunch of APC governors.

TonyeBarcanista:
Interesting...

So Akpabio supported sharing of ECA funds? Or is it my eyes deceiving me?

Why was he posing as if it was only Amaechi and Oshiobaba that were against it?

Anyway, I was against the depletion of ECA then and still against it. But the culprits are the FG then and all the Governors save Peter Obi.

I can bet my last dime that the only governor out of the pack of 36 who supported saving in the ECA was Peter Obi.

Since this issue arose, there's been one lame attempt after another to skew the narrative along political lines. NOI in her write-up mentioned "MOST GOVERNORS", but when given an opportunity to mention names, they always conveniently just mention 2 or 3 APC governors.

You are surprised that Akpabio was involved? ... if up to 28 of the 36 governors at the time were PDP, and the narrator said "MOST GOVERNORS", then yoir guess is as good as mine.

vizkiz:
I don't understand.

Are you trying to say blogging is all about making a research on how many followers people have?

Misplaced priorities.

Misplaced priority?... You were just told he's a blogger, but you obviously still dont get the import of an original post like which has already driven some traffic to his blog this morning...

Meanwhile, as irrelevant as this post might be, a fact is that even after seeing its irrelevance right frim the title, you still clicked on it and so did I. The joke is actually on you and all others commenting on this thread about how 'irrelevant' the thread is.

Deltatoto:
bro I’m sure he was scared they have arranged immediate arraignment in court and possible remand him in prison that’s y he refused to follow them outside Abj.to settle with bello won’t be easy o it’s almost like Amaechi and wike d beef has gone so far.

Dino is a big shot, a noise maker and an influential person. If he's taken to the station, he would shake the place and there's nothing they can do to him. Everybody knows the problems he's facing are all due to his cat and mouse game with Yahaya, there's hardly anything they can do to him in terms of conviction, he isnt a common man.

Deltatoto:
stop smoking weed no one is saying they should arrest him but y humiliate him I have lived abroad it’s not done anywgrrr I don’t no where npf got their orientation from

What exactly is the humiliation in inviting a person or driving a person to the station?... How on earth does anyone fall for the cheap theatrics by Dino?.... Nobody is humiliating Dino, Dino is the one humiliating himself!

1. Firstly, when he was invited a month ago by the police, as a 'big man', he could have simply honoured that invitation and this whole case would have been crushed even before it started.

2. If Dino had simply followed the police to their station yesterday in an orderly fashion, no policeman would have dared come close to him or attempt to humiliate him. Even as things are currently, the police did not ask Dino to jump off a moving vehicle, neither did they ask him to sit on the floor and start taking pictures for bloggers to see, Dino did all that by himself intentionlly as a protest to buy sympathy from unsuspecting Nigerians like yourself. I wouldnt even want to talk of the hospitalization or the fake unconsciousness of today; just after he was seen in videos yesterday vibrating about implicating the police... Like seriously, who falls for all that ICU ruse?

For the record, I have nothing against Dino, he's actually my favourite Senator as I see him as the most active in the entire chambers. But the drama and distraction is now too much, he should go and settle hos personal beef with Yahaya.

Like seriously, why is it so difficult or impossible to expel ALL Fulanis from Benue state?

I wonder why these modular refineries have to take so long to complete. These licenses were given since 2015 and even Dangote's which is a monster is almost complete.

emerged01:
all Nigeria youths can do is to criticize. It makes me sick.

Lol.. you're absolutely right, a lot of Nigerians just derive a certain strain of pleasure from criticising everything. You do, they complain; you no do, they still complain. I've been hearing too many people preach about collecting PVC. But ask these cursing and criticising folks who they intend to vote in 2019 and they all instantly go dumb.

SalamRushdie:
Why dont you name one instance where Dino stole from the population? Dino is not the one taking money illegally from govt accounts if I remember correctly and if I remember correctly Dino is not being arrested and humiliated for corruption but because a lowlife criminal mentioned his name under her questionable circumstances...so are you telling me that if a Knife wielding pickpocket is arrested and he says GavelSlam gave him the knife , without any further investigative evidence the police should use such information from a dishonest low life to attempt to prosecute you. .. the police have refused to investigate beyond reasonable doubt with extra evidence that it was Senator Dino that armed a lifelong kidnapper ... We all know that is is vindictive politics endorsed by the wicked herdsman at play but the good news is the tyranny has never been able to have foothold in Nigeria as God always intervenes ( you can read about this same Buhari or Abacha in the past) .... Buhari is only doing himself

First of all, Dino's travails are because of his personal fight with his governor Yahaya; Buhari doesnt even know if a person called Dino exists so I wonder why everyone keeps calling out the president on this.

Then secondly, Dino is just being a drama king trying to escalate the nonsense just to gain support and sympathy from unsuspecting Nigerians like yourself. Firstly, if he had simply honoured the invitations he got from the police, this issue would have since been crushed. And then, about what happened yesterday, those SARS guys didnt ask him to jump out of the moving vehicle, and neither did they ask him to sit on the floor. He's doing all that for publicity.