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EducationRe: Nigerian Students In Ghana Pay N155 Billion As Tuition Annually by Olaone1: 2:45pm On Nov 03, 2011
AjanleKoko:
71,000? You sef, think am now.
Gross exaggeration of the highest order. Private secondary schools boku for Naija.
One wouldn't expect Sanusi to fib sha.


Maybe u're right
EducationRe: Nigerian Students In Ghana Pay N155 Billion As Tuition Annually by Olaone1: 2:23pm On Nov 03, 2011
AjanleKoko:
Ten thousand Nigerian students (possible, but highly unlikely for Ghana) paying $5k a year is still around $50m annually.
This Mallam is a real head job sha.
Private secondary schools nko?
EducationRe: Nigerian Students In Ghana Pay N155 Billion As Tuition Annually by Olaone1: 1:18pm On Nov 03, 2011
Funding is not the problem.

Policy formulation is not the problem.
The FG is not the problem.

The problem with Nigeria is our mentality as a people. Our attitude. Our get-rich-quick mentality. Our propensity to oppress. In Nigeria, you can oppress people with ordinary mobile phones. Even shoes, wristwatches. Everything is upside down out there. Everything is rotten to the core.


Increase the allocation from 122B to 500B and there will be no difference; not even marginal.

Do you expect eggheads to be committed when everyone in the country is corrupt? Just because they are eggheads?

Materialism is the watchword. Religious bigotry. Name it! I mean everything expected of the anally retentive - that's Nigeria! And, that's Nigerians!


The whole system is rotten.
PoliticsRe: Reno Omokri (beaf)- The Face Of A Liar? by Olaone1: 3:43am On Nov 03, 2011
meonbooty:
Yes, yes. yes, yes, yes to all your questions.

Anymore?

Dont waste more calories, assume YES to all your questions. smiley
Strangerrrrrrrrr
InvestmentRe: Nigerian States With Capital Market Debt by Olaone1: 1:43pm On Nov 02, 2011
I dey laugh oo
BusinessRe: Why Nigeria May Remain Underdeveloped - Sanusi by Olaone1: 9:17pm On Oct 30, 2011
I really like Sanusi. I think he's about the most honest in Nigeria. And, this is what we need. He just doesn't give a hoot about the so-called established order; he says his mind.
Which means the guy is not corrupt if not they would have roughed him up.



But, I will give him more respect the moment he starts to speak about true federalism or other areas that will negatively affect the north if implemented. I am watching his actions but at the moment some seem more like posturings as far as national issues are concerned.
European Football (EPL, UEFA, La Liga)Re: Chelsea Vs Arsenal (3 - 5) On 29th October 2011 by Olaone1: 9:08pm On Oct 29, 2011
aaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaarsenallllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllllll!
BusinessRe: 'Oil Subsidy Is Fiction' - Professor Tam David-West by Olaone1(op): 7:49pm On Oct 28, 2011
My question is: why is it always easy for the Federal Government to pay these importers? No importer has ever complained about being owed millions by the FG. Yet, the same FG finds it difficult to pay contractors in other sectors of the economy.

Who are these importers? Why is it difficult to name them? huh huh
BusinessRe: 'Oil Subsidy Is Fiction' - Professor Tam David-West by Olaone1(op): 7:36pm On Oct 28, 2011
A senator said this year, Nigeria spends N860 million on fuel importation and they projected that by the end of the year, over N1 trillion will be spent on importation of fuel when our budget is N4.3 trillion. Insanity! Dan Etete said they needed $250 million to repair the refineries but the same minister said Nigeria is importing fuel at $900 million. Is that not insanity? If you need this huge amount of money to repair refineries, why don’t you build new refineries? The money you are using to import, use it to build refineries.
BusinessRe: 'Oil Subsidy Is Fiction' - Professor Tam David-West by Olaone1(op): 7:34pm On Oct 28, 2011
Abdulsalami as head of state, reacting to the state of our refineries, said he didn’t want to open a box of scandal. Why did they do this to the common man? Who are the importers? Big people!
BusinessRe: 'Oil Subsidy Is Fiction' - Professor Tam David-West by Olaone1(op): 7:32pm On Oct 28, 2011
I personally signed the contract of the fourth refinery which we call new Port Harcourt Refinery in 1984. It was one of the best in Africa, with a capacity of 160,000 barrels per day. The first refinery, in Port Harcourt, was built in 1965; Warri refinery in 1978, and Kaduna refinery in 1980. A newly constructed refinery can’t have major problem for about 30 years. The problem they will not tell you is that after Buhari, every Minister and Head of State became an oil sheikh, except General Abdulsalami Abubakar.

Some ministers have petrol stations and oil blocs. You can’t serve the nation and serve yourself at the same time because you can’t serve two masters at a time. One must serve his country and the dividends of doing this is satisfaction. Total capacity of our four refineries is 445,000 barrels per day. If the refineries are working even at 80 per cent, we will have more than enough product. They did not do that but sabotaged our refineries.
Business'Oil Subsidy Is Fiction' - Professor Tam David-West by Olaone1(op): 7:29pm On Oct 28, 2011
Oil Subsidy Is Fiction



Please, read this:

Professor Tam David-West, Petroleum Minister during the era of General Muhammadu Buhari, and Mines, Power and Steel in the General Ibrahim Babangida government, spoke with GBENRO ADESINA on the controversy over oil subsidy removal.

For the layman on the street, does oil subsidy exist?

There is no oil subsidy in Nigeria. It is a lie and fraud. After the regime of General Buhari, I challenged government after government, from General Ibrahim Babangida and Chief Ernest Shonekan to General Olusegun Obasanjo and President Goodluck Ebele Jonathan, to appear on national television with me to justify their subsidy.

Let me introduce you to the basics. Let us say a particular commodity like gari is sold for N10 per bag hypothetically and the farmers are producing to make us self-sufficient at N10. But at a time, they can’t produce enough because of either bad harvest or natural causes, the government now says since garri is a staple food, the government goes to another country where gari is produced and buys it at N20 per bag and brings it to Nigeria to sell at N10 per bag. The government now writes off the extra N10 –– that is subsidy. The extra N10 the government pays on behalf of the people for them to still buy at N10 is the subsidy paid on that commodity.

No government should exist if it can’t serve the people because government is a trust. They are trustees for the people. Edmund Burke, the great British philosopher, said that government is a contrivance of human wisdom and the wisdom should be used to satisfy people’s needs. Any government that can’t satisfy the need of its people is irrelevant and must be overthrown and kicked out.

Coming to petroleum, there is no oil subsidy. Oil subsidy in Nigeria is fiction, it doesn’t exist and it is a fraud. During Buhari’s time, we had three refineries. When necessary, I mean, whenever there was shortage of oil, we embarked on offshore processing. If at a time, the production of oil couldn’t satisfy our needs, we selected oil companies like Shell and others that we would give crude oil to refine abroad, sell at foreign exchange and pay to our account. We got quantum of barrels of crude oil and gave to these companies and after they might have refined it, let’s say they got one million litres and we needed only 200 litres, they would give us the quantity we wanted and sell the remaining and give us foreign exchange. We only took our fuel back, never imported fuel.

This time what do they do? These fraudulent people will take our oil, refine it and bring it back and sell it at foreign exchange. This is fraud in the highest places. Why is it that during Buhari era, with three refineries we were self sufficient but at their time, with four refineries we are now importing fuel?

I personally signed the contract of the fourth refinery which we call new Port Harcourt Refinery in 1984. It was one of the best in Africa, with a capacity of 160,000 barrels per day. The first refinery, in Port Harcourt, was built in 1965; Warri refinery in 1978, and Kaduna refinery in 1980. A newly constructed refinery can’t have major problem for about 30 years. The problem they will not tell you is that after Buhari, every Minister and Head of State became an oil sheikh, except General Abdulsalami Abubakar.

Some ministers have petrol stations and oil blocs. You can’t serve the nation and serve yourself at the same time because you can’t serve two masters at a time. One must serve his country and the dividends of doing this is satisfaction. Total capacity of our four refineries is 445,000 barrels per day. If the refineries are working even at 80 per cent, we will have more than enough product. They did not do that but sabotaged our refineries.

I have been shouting since 1995 and I wrote that they are killing Nigeria and poor men. And in 2009, the House of Representatives corroborated me by saying that refineries were sabotaged. Abdulsalami as head of state, reacting to the state of our refineries, said he didn’t want to open a box of scandal. Why did they do this to the common man? Who are the importers? Big people!

A senator said this year, Nigeria spends N860 million on fuel importation and they projected that by the end of the year, over N1 trillion will be spent on importation of fuel when our budget is N4.3 trillion. Insanity! Dan Etete said they needed $250 million to repair the refineries but the same minister said Nigeria is importing fuel at $900 million. Is that not insanity? If you need this huge amount of money to repair refineries, why don’t you build new refineries? The money you are using to import, use it to build refineries.

Why do you think Obasanjo did not repair the four refineries we had and build four extra for petroleum to be sold at N20 as he analysed when he was in power?

Olusegun Obasanjo is a great liar. They will not do so in order to continue to import fuel for selfish reasons.

Is it true that Nigeria has the lowest prices of refined products among oil producing countries?

Forget Jonathan! He doesn’t understand what he is saying. He is only parroting what they told him. He talks like a parrot. Can he remove what doesn’t exist? Can’t we build our own refineries to serve us and remove the untold hardship they want to impose on us? Ngozi Okonjo-Iweala said the subsidy goes to the wrong hands. If they remove it, will people not suffer the more? Everything will increase. The new minimum wage of N18,000 will become N2,000.

But Obasanjo said because it is built in phases, it will take about five years to build a refinery?

It is a lie. I told you Obasanjo is a liar. It took just two years to build the fourth refinery. I signed its contract. It is between two and three years. The problem is that there is intellectual laziness and physical indolence. In developed countries, the president will not just talk without being well quizzed. But in Nigeria, at a media chat once, Obasanjo shouted on journalists or talked to them as a teacher. They kept quiet. It doesn’t take five years to build a refinery.

Okonjo-Iweala talked about cushioning the effect of the removal of oil subsidy?

Rubbish! She is sermonising to seduce people to accept the callous oil subsidy removal. Things she promised are palliative, nobody should agree. Labour and Nigerians should make it impossible because you don’t take away what doesn’t exist. We don’t need oil subsidy to build roads, provide water and electricity; vote for capital projects has taken care of that. Degrees don’t guarantee good governance.

Can a school certificate holder rule a nation?

Yes and very well. What degree does Shehu Shagari and Balewa have? School teachers. Winston Churchill was among the dullest in his class and he became one of the greatest British leaders. Degrees don’t make leaders. Leadership is a natural endowment or one acquires it by hard work.

Jonathan wasn’t born great, he said he was born poor. Rubbish! It is a privilege to be born into a wealthy home. I was born into a wealthy home but one can’t control where God puts you. I tell my son that he should not allow the wealth of his father to go into his head because his minister father could as well be a driver. You don’t regret where you were born. So, I didn’t have shoes or wasn’t born great is rubbish. God is not partial. He does things with reasons.

Being born humble is not an issue. How you articulate your humble situation is the issue. That you are born rich doesn’t say you should look down on people. The problem with Jonathan is that though he has Ph.D, he is a brilliant man, but there is a difference between native intelligence and book intelligence. Jonathan is basically brilliant. The danger in that is that such people whenever somebody like Iweala comes talking, they idolise them like mental geniuses and become internally inferior to them. Whatever they say goes –– garbage in, garbage out. He doesn’t have the stamina to challenge them.

For a prince to be advised wisely, he must be wise too. Iweala is not the most brilliant economist. There are hundreds of people more brilliant than she is. Pius Okigbo and Ojetunji Aboyade, they served the nation meritoriously. She is working with somebody psychologically inferior and she will lead him into a ditch. She talks like the president. She once said that government would not negotiate with the Niger Delta militants. Did they not negotiate later? She was paid in dollars when she served in Obasanjo’s cabinet and her monthly pay was N2.8 million and now she is saying oil subsidy is killing the economy. Hypocrite!

If you know that what you are doing is right, convince people in arguments, facts and figures, not by sermonisation. Now, they have hired consultants with millions of naira to convince Nigeria to accept their rubbish. It was done during Shonekan’s time when a Nigerian was given N20mn for public relations job. He collapsed. They have started again. Please, Senators, Honourables of the House of Representatives, throw out this bill. Don’t think and say we are safe in Nigeria. There could be corporate protest here, just like what is happening in the Arab world. If you do anything that will make Nigerians suffer more, they will go on the streets because the suffering is already too much. I can afford things but millions of Nigerians that form the majority cannot. They should know that government is not about commissioning or investment and profits. Government should have moral dimension. Any government that disregards the moral dimension, that is, respect of God, God will punish such for making Nigerians to suffer.

How do you react to the fact that governors have endorsed it and labour has tactically endorsed it with conditions?

All that is nonsense. NLC should represent the masses well. NLC should not give any condition for the consideration of the removal of oil subsidy. Government has ways of compromising labour. When things are hot, they can approach them with millions and buy them over and they will start to talk with double tongues. NLC should be firm. The government should publish the names of those that are importing fuel and government should sign that if it is removed and the effects are not felt between three and six months, then we must dissolve the present government. If they remove oil subsidy, l will lead a protest. I will organise students for demonstration.

Do you still have faith in Nigeria?

My dear young man, if I don’t have faith in Nigeria, I will not be talking to you. I still have faith in Nigeria. To keep Nigeria as one is a task that must be done. We should differentiate between metaphysical Nigeria and political Nigeria. Nigeria is a great country blessed by God. The way we are going, the political Nigeria will destroy the metaphysical Nigeria. Most of those in government are rogues and thieves. They love themselves more than Nigeria. Every Nigerian owes Nigeria more than what Nigeria owes him/her. Nigeria will change for better when we have more statesmen than politicians.

Now, we have a bunch of politicians who only think of the next election while a statesman thinks of the future. Nigeria will collapse if we have more politicians than statesmen. Nigeria is a country where a senator is earning more than the President of America. They even buy government houses. They spend billions on cars and they can’t pay N18,000 minimum wage. They have morally crippled the country and the governance. They will be destroyed by God. Nigeria is a great country –– no natural disaster, there are able men and natural resources. But people are still crying, no job, graduates are driving taxis, doing menial jobs. Many now engage in armed robbery because they have to survive. May God bless us with good leaders.

The worst enemy of Buhari says that Buhari is not corrupt and that is the truth. It takes integrity and rigidity not to be corrupt and lead the nation. You don’t lead like Jonathan. God will punish those that are punishing Nigerians and Nigeria. When the poor man weeps, the tears go to heaven and come down with burning fire and consume his enemies. And that is what will happen in Nigeria.
http://thenewsafrica.com/2011/10/24/oil-subsidy-is-fiction/
BusinessRe: Is It Ethical To Study Your Competitor’s Strategies? by Olaone1: 6:53pm On Oct 28, 2011
Competitive Intelligence!

And, Competitive Intelligence is the core of Competitive Strategy.


It is important but care must be taken.
BusinessRe: FG Raises Advisory Panel On Fuel Subsidy Removal by Olaone1: 12:00pm On Oct 28, 2011
Ibime:
The Govt should simply Nationalise the import and distribution of Petroleum products if they cannot regulate the Private Sector effectively so to do.
This is clever. I really like your take on this issue.

But, they'd entertain this. Their main aim is to rake in more money, don't forget that. Nothing altruistic.
BusinessRe: Wale Adefarasin (PFN) Backs FG On Fuel Subsidy Removal by Olaone1: 11:36am On Oct 28, 2011
CAN?!

CAN and their Muslim counterpart are thieves. There is nothing religious about Nigeria. Everybody is corrrupt. We only have hypocrites.
BusinessRe: GEJ's Economic Reforms Endorsed By Improved Fitch Ratings? by Olaone1: 11:18am On Oct 28, 2011
Hehee, GEJ, despite the bogus recurrent expenditure of the Federal govt? Are you kidding me?


Why not start these economic decisions by cutting your recurrent expenditure and that of the legislature?




This GEJ is not just silly; he's so slavenly and dippy in is his analyses/responses.
BusinessRe: FG Raises Advisory Panel On Fuel Subsidy Removal by Olaone1: 11:08am On Oct 28, 2011
The masses are saying: do not help us to spend the money on other things. Keep your promised 'roads', 'electricity', etc. We are happy with this one - the 'subsidy.'

The govt now says: Nooooooooo! Let us help you. Let's remove it and massively improve you life in other areas.


Hilarity! Utter bullocks!


What is the track record of performance of this govt and others before it? In the last 20 years, how many promises have they fulfilled?



Believe this, believe anything. Bullocks! Estate agents in London are waiting. More houses for them and their girlfies.
BusinessRe: FG Raises Advisory Panel On Fuel Subsidy Removal by Olaone1: 11:00am On Oct 28, 2011
This is funny because these middle-line operators are less than 500 people.

Yet they are so powerful that the govt would rather punish 150 million people.

The govt isn't even brave enough to publish their names.

Hey, how do I become a middle-line operator, please?




To your tent . . .
PoliticsRe: Describe Nigeria's Biggest Problem In One Word! by Olaone1: 11:10pm On Oct 27, 2011
BABE's answer is the BEST!
It's NIGERIANS!

Yes, we are corrupt because we are ignorant. Thus, Nigerians are ignorant. Which means that Nigerians need to examine themselves.
The whole country is corrupt - even pastors!


What I don't understand is since we are all corrupt and we know it, where are those people who cry while praying in churches and mosques?
Or, if I may ask, which is more important: crying while praying or living above board? We are highly hypocritical!




My answer to the question: Nigerians
EducationRe: ABC Of Common Errors And Mistakes In English by Olaone1: 10:52pm On Oct 27, 2011
Odunnu:
Have you reported?Do you prefer this?
You still have to register another ID in order to report.

I am indifferent, really. I am okay with this.

Thanks, Omoge.
BusinessRe: Discussing Fuel Subsidy Removal (please Let's Keep The Discussion Civil) by Olaone1: 3:24pm On Oct 27, 2011
[quote author=Akanbi_edu link=topic=789991.msg9429795#msg9429795 date=1319725130]If ordinary Nigerians have an idea what is going on subsidy, they would be begging government to remove it.[/quote]Reason(s) please.
BusinessRe: Discussing Fuel Subsidy Removal (please Let's Keep The Discussion Civil) by Olaone1: 3:24pm On Oct 27, 2011
His advisers need to be frank with him.

How does he intend to survive what its removal will throw his way?

This is a man that's battling with northern oligarchs, BK, MEND, Egbesu, OPC and he's now about to lose the mass of people that make up southern Nigeria as a result of this 'subsidy.'

To me, he's a goner.

He's simply sill.y!
BusinessRe: Discussing Fuel Subsidy Removal (please Let's Keep The Discussion Civil) by Olaone1: 2:46pm On Oct 27, 2011
But, they don't care, anyway.

They want more money for their cronies and they don't effing care!


Eff the masses.
BusinessRe: Discussing Fuel Subsidy Removal (please Let's Keep The Discussion Civil) by Olaone1: 2:43pm On Oct 27, 2011
I am ready to discuss this issue.

I'm ready to prove that it's silly.

I am ready to disect the issue/lies about this 'subsidy.'

I am ready to discuss the economics of it - this includes the so-called deregulation, market mechanism and why Nigerians will eventually pay more than what the product costs in America, the UK, etc.
EducationRe: ABC Of Common Errors And Mistakes In English by Olaone1: 2:23pm On Oct 27, 2011
Odunnu:
What happened to your original ID?
Seun's bot, Cutie.
EducationRe: ABC Of Common Errors And Mistakes In English by Olaone1: 12:53pm On Oct 27, 2011
^Thanks, man.
PoliticsRe: Nigeria: The Population Time Bomb by Olaone1: 8:06pm On Oct 26, 2011
Olodostein:
Just a matter of time you will hear, KABOOOM!!!
?
PoliticsRe: Nigeria: The Population Time Bomb by Olaone1: 7:54pm On Oct 26, 2011
This is alarmist!


Inadequate development in the social-economic sector is the real time bomb.

Naija's pop. is okay.
PoliticsRe: Nigeria’s Constitution Is A Fraud - Fashola by Olaone1: 5:49pm On Oct 26, 2011
Beaf:
The political will is far from lacking, but the fightback of the enemies of the nation is sophisticated and concerted.
Beaf . . . Beaf
PoliticsRe: Nigeria’s Constitution Is A Fraud - Fashola by Olaone1: 5:22pm On Oct 26, 2011
Not only the constitution . . . . everything is
FoodRe: .. by Olaone1: 1:18am On Oct 26, 2011
Chei! Delivery?

Good, man.

Will be in touch.
BusinessRe: 4000MW Gas-fired Power Plant To Be Built In Nigeria by Olaone1: 12:54am On Oct 26, 2011
Hahahaaa, Kobojunkie grin

Your emoticon should be on Flog It.


You be case ooo

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