OlisaEze's Posts
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Say ur goodbyes, the President of the Philippines is bat-sh*t crazy! ![]() |
When the humongous corruption in this administration is finally exposed this dude will come out to say "PDP did same", as we’ve seen it’s the default defense for their cluelessness. |
domino4211:As per say im don turn NL Ifa na? Una no go kii pesin! ![]() |
Abeg while all these our celebrities are celebrating with Man U and their new Tom Tom jersey, they should also try and use their status to remind people about Samson Siasia’s arbitration fundraiser. If Erica can get over $15k within 5hrs of hers being setup by a non celeb, their celeb voices will do much more for a man that has spent a better part of his youth making his fatherland proud. I love Manchester United, but I love my Super Eagles (with their heartbreaks & all) more. ![]() |
JidennaJason:Well I share your sentiments. But it has to do first of all with the level of exposure each fundraiser receives. BBN and Erica has been a news item on most blogs and SM accounts young people follow from the onset. Young people are consistently and constantly bombarded with news from the show, whereas Samson Siasia’s unfortunate predicament and the ensuing fundraising doesn’t receive nearly a tenth of the same exposure the former does. The truth is it’s not the public that shapes opinions, it’s the media houses. I hope this news also helps Samson Siasia as this is the first time I’m even hearing about a fundraiser for his arbitration. |
Which is preferable, to be called a bastard or to lose your head over a poem? Useless hypocritical woman quoting scripture that she doesn’t understand. Anyway, just because someone can read a script on tv doesn’t make dem smart or sane. |
Honorable minister, honorable minister issokay! Pls off the mic! ![]()
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Typical Naija mum! Na other pipo children dey spoil ur pikin even with all d evidence pointing to her poor upbringing. ![]() |
The cartoon doesn’t even do enough justice to the hypocrisy and wickedness your family has shown in abusing the trust Nigerians had in your husband! So na because of dis white lace una go Dubai abii e remain for house? |
MrOjay1:Ten thousand likes won’t do enough justice to this your comment. Well done sir ![]() |
NGpatriot:He cautioned the pastor against calling daddyfreeze a bastard and highlighted the fact that he was born and raised by distinguished parents. How is that foolery? |
NGpatriot:Did you read the post at all? |
ezenwajosh:I guess you don’t understand sarcasm. |
Just negodu this clown! You and your ilk protested the subsidy removal of 2012. An organization (Occupy Nigeria) was even formed out of the protest. Your dullard of a boss even came out to protest because of his ambitions. Five years later ambition fulfilled without capacity to lead, without a single refinery built or even one repaired you’re selling this most insensitive act done at a time when Nigerians are most vulnerable as boldness? History will judge all of you that brought this wicked regime of suffering on Nigerians. |
I commend Miyetti Allah for their peaceful overtures in Southern Kaduna. I guess it’s because of the media outcry their murderous escapades are generating in the global community, especially in the United States. However peace without justice is just a lull in the midst of a storm. If you really want peaceful coexistence, then bring out those that have massacred defenseless old women & children so they can be brought to justice. But this is Nigeria, from the 1953 Kano riots of Northerners who were opposed to Nigeria’s independence till date, killer Northerners have always gotten away with large scale murder. The fact that they always get away with this barbaric acts will only cause a repeat in future. If there must be peace, justice has to come first. |
It’s always good for one to know their limits, sabi yasef no bi curse. Just lay off d booze you don’t have d head for it. |
Na waoh! There’s no institution these people met that they haven’t destroyed or are in the process of destroying now! How many of the corruption cases that Malami has taken over from the EFCC have been concluded? ![]() |
If he wins, will he be inviting the babalawo to swear him in too? ![]() |
IamWonderful:For ur mind now, you’ve said something smart. Where in that write up did you see that a British judge made his judgement based on an article or comment by Osinbajo? For your info, that deal was signed by the late President Musa Yar’Adua who was a personal friend of the owner of P&ID Michael Quinn. If you were not so much in a hurry to abuse your betters, you’d have researched further to know that the same Michael Quinn has scammed the Nigerian Airforce in 2001 in the same manner as he attempted this. So if anyone is a buffoon at all, it is Yar’Adua that still gave his friend an opportunity to scam you, knowing people like you would be quick to blame anyone else but the real culprits out of tribal hate. |
kikero:As per your nmbr 2; Canada: New Brunswick, one of the federating regions, has an institutionalised framework for price regulation. This framework is enshrined in the Petroleum Products Pricing Act of 2006 which vests the regulation of the prices on a Board. Section 3 (1) of the Act provides as follows: The Board has authority (a) to set, and shall set the maximum wholesale and retail prices that a wholesaler and a retailer may charge for petroleum products, and (b) to set, and shall set the maximum margin between the wholesale price to the retailer and the retail price to the consumer of petroleum products. Section 4 of the Act defines the elements of the maximum price as follows: 4(1) For each type of heating fuel and motor fuel, the maximum wholesale price shall be the sum of (a) the benchmark price, as established or adjusted pursuant to sections 10 and 11, (b) the maximum wholesale margin, and (c) applicable taxation. 4(2) For each type of heating fuel and motor fuel, the maximum retail price shall be the sum of (a) the benchmark price, as established or adjusted pursuant to sections 10 and 11, (b) the total allowed margin, which is comprised of the maximum margin for a wholesaler and the maximum margin for a retailer, and (c) applicable taxation. 4(3) Delivery costs do not form any part of any margin under this section. 4(4) Notwithstanding that a maximum margin is set for a wholesaler and a retailer, if the wholesaler and the retailer agree in writing, they may apportion the total allowed margin between them in such manner as they see fit. As indicated above, the Board is vested with the power to determine and adjust the benchmark price for each product. While section 10 of the Act deals with the establishment of the benchmark price, section 11 deals with its adjustment. This is an example from a province in Canada. I’ll not bore you with details from countries like India, Iran and South Africa but implore you to search it out for yourself, so you can see how we’re being shortchanged in Nigeria by a most incompetent administration who would have you believe that they’re doing us a favor with petroleum subsidies but won’t fix our refineries. The crux of the matter is that these countries have a model for calculating domestic prices after subsidizing. We on the other hand just peg price to appease the importers and their political backers not caring about the end users. After all, the end user has no choice but to purchase or watch his business die! That’s the reason for the outcry. That’s d reason why a Moghalu will never get my vote inspite of his CV, because patriotism is not supporting an insensitive government that would rather see hardworking Nigerian businesses die off than cutback on extravagant spendings and medical tourism for mundane ailments. The country is hard enough already with no one speaking for the common man. |
kikero:I beg to differ on a few things you have stated here. In many countries of the world, the pricing of petroleum products is regulated in one form or the other. There are a number of reasons for this. First, the petroleum industry globally is not a competitive one. Rather, the industry is oligopolistic with a few major companies dominating the industry. Under such a market structure, some form of price regulation becomes necessary to protect consumers against oligopolistic and monopolistic exploitation. A second reason why petroleum products prices are widely regulated has to do with the nature of the products themselves and the important role they play in the economy and the lives of citizens. An unregulated price regime could lead to very high prices of the products, which the economy and, particularly, the poor may not be able to bear. Speaking on Ghana, prior to the 2003 reforms, importation of crude and refining were exclusively handled by the government through the Ghana National Petroleum Company (GNPC). Prices of petroleum products were heavily subsidized. In 2003, due to the heavy indebtedness of GNPC and near insolvency of the Tema Oil Refinery and under pressure from the IMF, a new pricing mechanism was introduced. The new pricing scheme which has come to be known as the Price Adaptation Mechanism involves the calculation of the ex-refinery prices using world market crude oil prices with mark-ups for insurance, transportation, suppliers’ commission, refining costs and other charges. A host of taxes and levies make up the other charges, depending on the specific product involved. These include Cross-Subsidy levy, Unified Petroleum Price Fund (UPPF) levy, Road levy, Social Impact Mitigating Levy, Exploration Levy, Energy Fund Levy, Debt Recovery Levy and Excise Duty. The cross-product subsidy and UPPF levies are particularly interesting in that they seek to provide cross products and cross regional subsidies respectively. From developed nations like Canada to India and South Africa, petroleum products are subsidized to mitigate a negative impact on their citizens. Nigeria is a case in point were the ruling class seeks to enrich itself at the expense of the average man. As for Moghalu, I would recommend the book 'Straight & Crooked Thinking' by Robert Thouless for u to understand that having a title or an impressive cv won’t stop a man from having a alternative agenda when interfacing with the public. |
kikero:I don’t know how Moghalu arrived at his facts, but if i may share a piece of knowledge with you, one major factor that determines the landing cost is the exchange rate. Given the high demand for foreign exchange accounted for by petroleum products’ importation, it is a potential destabilizing mechanism which underlies the domestic market. To avoid this pitfall and it’s effect on our poverty ranking, it should be of paramount importance that domestic refining is resuscitated, and not inundating us with debts on rail lines that are of no immediate economic effects on the average Nigerian. Nigeria stands out among OPEC members as the one who exports virtually all her crude and imports the bulk of refined products for domestic consumption. PS: It is important to note that there is no established mechanism for determining adjustments to prices, adjustments in government administered prices have tended to be in quantum leaps. The Petroleum Products Pricing Regulatory Agency (PPPRA) determines the Expected Open Market Price (EOMP) based on a template agreed to by the stakeholders within the framework of the agency’s governing board. Which has resulted on a number of occasions, in which announced prices have had to be rolled back. And also why corruption is rife within our nation’s oil sector. |
paulolee: ![]()
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His name is 'Oriaku' what do you expect na? 'He was born to chop wealth' not create it. ![]() |
kikero:Pls how did you arrive at these figures and why has the fixing of our refineries (which was an urgent campaign agenda) suddenly taken a backseat to borrowing to build railway lines that lead from Daura to Niger republic? I’m not trying to argue, just really want to learn. |
First off, u shouldn’t be asking for forgiveness for voting against GEJ. It’s a democracy, u voted according to your limited understanding then. Hindsight wisdom they say is always the best. However, you should be asking for forgiveness from the Nigerian nation & its youths whom you wronged by not effectively researching enough as an internationally trained lecturer about the candidate u eventually supported and consequently led many to believe astonishing lies that he would be a messiah. Suffice to say, GEJ doesn’t hold any grudge against you and ur ilk that have always been tribally motivated in ur voting patterns. He has since moved on, do ur self a favor and kindly do same while enjoying ur next level. ![]() |
Two quick questions. Why did you have a problem believing ur wife’s sighting of the snake in d first place, would you be okay with her dismissing ur alarm as just an imagination if the roles were reversed too? ![]() Just asking for a friend ![]() |
kingemaker:The Dubai trip was for wedding shopping the health matter was just a cover story so Nigerians wouldn’t bash them for being insensitive and hypocritical, which is exactly what they are and have always been. |
You think say dem dey wear black to make a fashion statement? It’s not a job for d faint of heart, na blend dem blend una so! You can’t tear gas a mob if u can’t stand it ursef. ![]() |
Whatever time a man wakes up is morning to him. Congratulations ur eye juss dey open. ![]() |
Still tryna make sense of this Adesina’s comment. ![]() How does their staring competition end Boko Haram, or bring justice to the victims of Southern Kaduna massacre, or even help Nigerians survive this wicked party & its mean administration till 2023? Don’t let me call this guy to forward 600 year suffer for u & ur generation o! ![]()
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