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OmoTier1's Posts

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Politics › Re: Nigerians In The Uk Cleared For Fuel Subsidy Protest On Friday 6th by OmoTier1(m): 1:51pm On Jan 06, 2012
alj harem:
1. No one protested because the price of transport went up by 20 pennys according to my sources

2. Nigerian in UK protesting are Nigerians not UK citizens

3. When there was increase in school fee, was there no protest that even lead to a riot ?
Help me Educate the mofo, meanwhile, protest is being received loud and clear!, pee pee, pee pee, GEJ nah oleh! GEJ nah oleh!!, pee pee
Politics › Re: Nigerians In The Uk Cleared For Fuel Subsidy Protest On Friday 6th by OmoTier1(m): 1:49pm On Jan 06, 2012
Where is Talfida huh huh ,
Politics › Re: FG Reverts Fuel Price To 65 Naira Per Liter? by OmoTier1(m): 1:41pm On Jan 06, 2012
Protest swelling in London, more people joining in, colourfull as usual cheesy
Politics › Re: Jang: Only Haters Of Nigeria, Economic Recovery Oppose Subsidy Removal by OmoTier1(m): 12:00pm On Jan 06, 2012
Abeg ehi, Jang of all people huh huh I am sure GEJ woud be shouting: someone tell Jang to go secure Jos and leave Fuel Subsidy for me oh!, useless man, old grandfather that is suffering from dementia looking for money to store in a warehouse for his unborn generation!
Travel › Re: Women Trafficking In Nigeria: Aljazeera Shocking Investigation (video Clips) by OmoTier1(op): 11:46am On Jan 06, 2012
Freesia:
Goodness me!!! In the beginning of the documentary I actually thought the little girl's funeral  was somewhere in Nigeria until they mentioned Destra Volturno.
Talk about organized crime!!!! This is a proper crime syndicate in every way imaginable!!

@ Omo_Tier1 & Vicjustice
How did Benin/Edo State end up being the centre of the trafficking of girls??
We all know many parts in Nigeria are affected by poverty one way or another so that should not be a valid reason for the Trafficking or would Benin be where the Human traffickers originally come from??
All in all this is just a devastating situation !!
It all started when 'MADAMS' like the owner of Hotel Doris Dey in Benin City went about deceiving people that hair stylist and other artisans earn more than civil servants in Nigeria in places like Italy in the late 80's and early 90's. With their syndicate abroad, they deceived people even to the extent of them asking people to sell their properties; land, houses, cars you name it with the 'fake' hope that they would earn x10 of that money in Europe (ITALY) and within a year or two they would be able to rebuild a better house or buy cars over there to send back home. They often used their syndicate group members (who have now turn 'MADAMs' back in Italy) that have built houses and bought cars for their people back home as example. Unknown to many, PROSTITUION and DRUGS peddling was what they were into in Europe.

Even till this day, there are lots and lots of girls that would still believe those lies and fall into it. If you know the binis very well, they have this traits like the British do, i.e. Master vs Servant attitude and life style. Go round that city, as vibrant as it is, most of businesses there are owned by non-binis as those started by the older generation of the binis are either dying or are in crisis due to family struggle.
Politics › Re: Seun Can We Have A Protest Section? We Still Need Some News! by OmoTier1(m): 11:30am On Jan 06, 2012
Bliss4Lyfe:
[/b]


@Omo_Tier1, Thanks for collaborating my point. The Federal government relies on oil revenues and taxation to fund projects for Nigeria. Yes we have had corrupt government in the past and even the oil subsidies is a corrupt channel for sourcing out government funds.

My point is that GEJ has promised to invest a lot of this money on national projects for Nigerians perhaps we should give him a chance. Already, his administration have started work on so many projects nationwide and funding is required to complete this project.
Look if you are in Nigeria or probably have visited Nigeria since Jonathan took over, then you would understand why Nigerians the world over are very very skeptical of His government! How do you take a President for His word after He gave his approval to the National Minimum Wage Act only to turn around and started 'selective' implementation! Beside that was after NLC and other civil societies threaten to embark on nation wide peotest.

As for the projects you mentioned, the fact remains that this administration have dotted Nigeria will bogus projects! Several of those projects are only on paper. There are several projects started by the Obasanjo and Yar'dua regimes which any sensible government would quickly want to complete 'cos some of those projects were very popular with the people. Oh need I refer you to the Presidential advisory committee report which gave GEJ a bitter pill verdict several of the Federal Government projects on-going are not well thoughtout and are way too expensive compared to similar projects elsewhere. You know what, after the committee published their report, , they were disbanded huh So when Nigerians do not want to give GEJ the benefit of the doubt is simiply 'cos He has not shown any sign of seriousness in governance! Look at Lagos, Edo states. The government went about demanding the citizens pay higher taxes than they were used to. Initially there was resent, but after sometime, people started seeing what they were doing with the taxes and most people gave in and now taxes in those states is what the government is using to develope the states.
Politics › Re: Occupy Nigeria: Updates From Across The Nation by OmoTier1(m): 12:14am On Jan 06, 2012
PointB:
^^^
Yes they are! Happy new year too!
When a man lives in denial, He becomes himself deluded to realities around him!
Travel › Re: Warning: Disturbing Images, The Horror Of Attempting Europe By Land. by OmoTier1(m): 12:06am On Jan 06, 2012
For years, people have been warned about the dangers of illegal immigration especially through the deserts but they have simply refused to listen! May their soul rest in peace if deserving! So sad.
Politics › Re: Personal Income Tax Reduced By PITA Ammendment? One Of The "Palliatives" by OmoTier1(m): 10:35pm On Jan 05, 2012
jp philips:
@ omo tier
I chose to promote you to cargo because that is the much a mortuary attendant can afford
lol
I blame the hospital guard that let you out, COWARD!
Politics › Re: Personal Income Tax Reduced By PITA Ammendment? One Of The "Palliatives" by OmoTier1(m): 10:32pm On Jan 05, 2012
ijigbamigb:
@Omo_Tier1,
I now see the reason why about 2.5 million Lagos residents have been found to be suffering from one form of mental illness or the other as espoused by Lagos state Commissioner for Health-Dr Jide Idris, has said. At least some points are really worthy of note from that article.
When FACTS are misleading, numbers misplaced, only dullards will see such an article as worthy of note!
Politics › Re: Occupy Nigeria: Updates From Across The Nation by OmoTier1(m): 10:27pm On Jan 05, 2012
PointB:
Evidently, zones with higher percentage of 'poor masses' are taking the lead in the protest. Carry on pawns!
The last time I checked, SW including Edo were still top of the states that have low level of poverty in Nigeria,  Kano is one of the top economic states in Nigeria,  so what is your point huh
Politics › Re: 5 Days Gone - Are We Dead Yet? by OmoTier1(m): 9:47pm On Jan 05, 2012
alj harem:
I prefectly understand your point. You are talking of diversity in the economy and reduce out over dependence of OIL. Yes I and others get it and It makes perfect sense. Also your second line of argument is that the removal of subsidy would kill the cabal in one stroke. Yes we perfectly understand the importance of it and thank God GEJ though of it as well.

Now protester understand this issue and understand the importance of the removal and how it would "boost out economy" according to Sanusi.

Here are our questions.

1. How can we diversify if there are no infrastructure in place like the chemical plant in port harcourt used when agricultural subsidy was removed.

2. Would there be subsidy if the FG/NNPC has a refinery ? I mean we would be refining what we produce and thus the cabals would have died a long time ago. And would it not make more sense to build the refinery now before it is too late.

3. Why is NNPC and government giving false figures to Nigerians ?

4. To stop benefit smugglers of fuel, do you think the best thing to do is to either  a) close the borders   or   b) remove subsidy ?

5. Why are the cabals not arrested since the FG branded them as thieves or "benefit thieves" ?

6. After this deregulation and since there are no reservoir our NNPC could store petrol in, would there not still be benefit thieves ? I mean according to Madueke she said 3 naira per liter is the money they use for storing petrol with other private companies. Now to me that is still stealing or is it not ?

7. Why can't the FG show us the tangible infrastructure or development so as to gain the trust of the people before the removal ? I mean I love GEJ for his calm nature but I think you just don't push people to the limit without them reacting.

Once again thanks for Your calm reply and I really hope that GEJ presidency would be a stepping stone to greatness in our beloved country.
The truth is, GEJ and his 'thieving' cabinet have been confronted with these and several other valid questions and they have failed completely to provide any response. Rather like biblical 'pigs' they are hell bent on driving Nigerians into the sea of despair, poverty and untimely death!
Politics › Re: Personal Income Tax Reduced By PITA Ammendment? One Of The "Palliatives" by OmoTier1(m): 9:38pm On Jan 05, 2012
ijigbamigb:
Permit me to copy your write up, as i really need carefully read this and take notes, i await your permission, thanks
Ode, does Arik Air fly cargo to UK?, see what your GEJ led FG has turned you into!, I bet the 'indians' and 'Lebanonese' He brough to 'Industrailized' your economy is giving you some 'moden' day slaveryhuh
Politics › Re: 5 Days Gone - Are We Dead Yet? by OmoTier1(m): 9:35pm On Jan 05, 2012
Beaf:
^
Do you think the states and LG's in those countries do fuckall, but receive beggars money?
Go and check those economies, the governors actually work and their LG's actually deliver. They are not a set of lazy runts addicted to freebies. You cannot manufacture absolute zero and expect a high minimum wage (except as an armed robber, thief or parasite).

Get your state and LG working (not begging), so that we can have a higher minimum wage.

Get out there and demonstrate for the right things, not to further personal greed, corruption, waste and commonsense defying policies of the past.
Shhhhhut it there!, ALL OPEC members run similar system as Nigeria! In Saudi Arabia, its kingdoms, in Kuwait, its Kingdoms, in Iran same goes, Venezula, it's similar, the difference is: The Federal government in those nation state are sincere and work for their people! Can we say likewise of out FG or GEJhuh
Politics › Re: 5 Days Gone - Are We Dead Yet? by OmoTier1(m): 9:32pm On Jan 05, 2012
Beaf:
I have always argued that any movement that is backed by sentiment rather than solid philosophy is bound to fail. The removal of the subsidy is painful no doubt, but every man and his dog is convinced that it is of immense benefit to the country.

A cursory look at any crowd of pro-subsidy demonstrators immediately throws up the fact that almost every one of the footmen is either middle class or lower middle class and the leaders are all members of the top echelon of the elite. The working classes are almost totally absent; no rewires, carpenters, labourers; its just richly dressed folk. Hmmm!
It is easy to conclude that, for obvious reasons of the abject lack of any backing philosophy to the protests, there is no spontaneous outburst of red rage from the working classes, the very people the "revolution" organisers claim to be fighting for. There is no philosophy that keys the working classes into the "revolution," sentiment can only go so far.
From observation, it is either the poor are willing to test the promises from Jonathan's govt and are refusing to be used, the we are observing solid proof that the subsidies benefit only the rich. It is a rich mans "revolution."

Rich men tend to be more exposed to corruption, therefore it is no surprise that the organisers have shied away from rallying against theft in govt, the astronomic wages of the NASS, the uselessness and frightful corruption of state governors and LG chairmen, the PIB etc; the sorts of issues that affect the food on the table and opportunities presented to the common man; the very things that will drag each and every one of us unto the streets. Instead, it is a protest of selfishness for some, political scheming for others and an opportunity for eye-popping bigotry from the rest.

I am deeply perplexed that there educated folk who have abandoned all guidance of critical thinking and engaged personal sentiment/greed in place of hard logic and ironclad principles. The result has been thin, contrived crowds that have failed to connect with hearts. A losing game and a lost opportunity to demonstrate for a better Nigeria.

Shame on them.
[/quote
@ bold, so the 'huge' protest in Benin where the CNN reported  thousands turned out and that of Kano, Ibadan, Lagos have been thin?, is that the picture you guys are painting in GEJ in that dark room He is hiding?

I thought the government said the protest means nothing, why are they now sending their 'corrupt' elder states men to tell theirs kinsmen to end the protest? Why are they asking NLC to do away with the strike?

First in the other post on day one, you said the protesters were thouts, and 'criminals', here you are today claiming they are 'rich' people wearing good clothes! Dammm confused huh
Young sycophant, you're not working for your money oh!, You better spread more propaganda!
Politics › Re: Personal Income Tax Reduced By PITA Ammendment? One Of The "Palliatives" by OmoTier1(m): 8:42pm On Jan 05, 2012
goksonjay:
The new personal income tax has been signed into law since the past 3 weeks,and I must tell U as a Tax Expert that Nigeria tax system is now really progressive,which means the low income earner now pay less. Personal reliefs have equally been adjusted. To me,the man has good intentions,only that some decision he took are ill-timed. Economically,subsidy removal is also a good economic development tools, but will work well when the leakages of economic growth has gone round.
Exactly ill timed and dictatorial. PITA was seen by many as one of those long overdue measures that the FG has gotten a handle on and was making step to turn it around to favour the masses. But let it also be said that PITA started under obasanjo, so lets not play subsioy removal 'pallative' measure politcs with it! PITA has been in the works for over 3 years,
Politics › Re: Personal Income Tax Reduced By PITA Ammendment? One Of The "Palliatives" by OmoTier1(m): 8:38pm On Jan 05, 2012
karl max:
Omo_Tier1:
Quote from: jp philips on Today at 08:01:42 PM

@ omo tier
the post was meant for Nigerians in Nigeria not Nigerians in the Uk working as genitors, cab drivers, security guards, door men and mortuary attendants.

it is a message for Nigerians that wish to make your motherland a better place so that your likes will come back from exile.

Now quickly go and change that kid' s nappies freaking white man's nanny.
you black disgrace.

Ha ha,  I bet your Minister for Trade and Investment ( Mr. Olusegun Aganga) was also working as genitor, cab driver, security guard, door men and mortuary attendant!
COWARD,  You want to come across as intelligent and grasping but you could not put up an article that is coherent, truthful and factual. The rubbish you put up there can only be consumed by those inbreed of the Nigerian Education System GEJ has offered your likes

Need I say get lost to the dustbin of History?,  And FYI,  Several Nigerian technocrats, Engineers, Adminstrators abound here, and they are making a difference to both Nigerian Economy and the UK Economy. I bet if you have managed to buy your parents a 'living hope' in your entire life

Oh his even in the diaspora LWKMD e fit no even get paper may be na aduro e ∂eƔ chop,  Abeg go wash dead body
Go check Arik Flight from LHR to LoS to LHR,  departure at 10.05pm & 11.05am on the 27th,  you would find my details there,  COWARD!,  In your shallow mind,  you think all Nigerians in diaspora do 'elementry' jobs,  but let me enlighten you abit,  Some of us are Directors, Managers, and we run organisations with branches in 4 continents with over #2000 people!, another COWARD roaming the webspace!,  beaf has given birth,  hurrayyy!!!!
Politics › Re: 5 Days Gone - Are We Dead Yet? by OmoTier1(m): 8:34pm On Jan 05, 2012
efisher:
The way people have been screaming against removal of subsidy, you will think people will just fall and die instantly. Agreed prices will generally rise up but over time, they should stabilize at certain bearable rates.

The issue of rising prices in transportation is mostly one of greed on the part of transporters. Let's look closely at this: Before subsidy removal, an 18 seater bus may require N5000 fuel per trip from PH to Lagos carrying 18 passengers. Each passenger pays say N2000. Post subsidy, fuel cost is 217% more ie say: N10,850. Now, the increase is, N5,850. Spreas N5850 amongst 18 passengers and what you get per head is just about N325! So transport cost per head should be N2,325. Even if you want to factor in other things due to "general inflation", transport per head coud be say N2,500. But no! The transporters want to rip everyone off and demand the whole 217% increase per head giving N4,340
. WHY? We just want to take advantage of every situation and plunder ourselves.

In all, as time goes on when the euphoria of the new price fizzles out, things will stabilize. Meanwhile, I advise we focus our protests towards the real issues:

1. Swift passage of PIB
2. Reduction in size and cost of governance
3. Corruption
4. Resource control (Every region has huge resources that should be developed strategically and not plundered unreasonably)
Etc!
1. NASS say they do not have any copy of the PIB, Minister of Information said PIB amy not become LAW till Q2 of 2012,
2. Going by 2012 budget, do you think this is anyway possible? The so called fiscal consolidation of FG is a charade! Fiscal consolidation with N3m for food daily huh
3. Corruption. With a weakling as a President who compromised His office even before He took the oath, Corruption will remain institutionalized in Nigeria.
4. Resource Control in a democratic setting can only occur through a Confeb. GEJ said He is opposed to any SNC. The other alternative is to use legislative 'hook' to snail pick and devolve powers to each region like the UK is currently doing with Scotland and Wales, but this will require patience and with the current politicians we have, this option will not achieve Resource Control for the Masses either!
Politics › Re: Occupy Nigeria: Updates From Across The Nation by OmoTier1(m): 8:22pm On Jan 05, 2012
sniperwolf:
People are getting tired
Propaganda wont do this time around!, Did you see the protest today?, are they really getting tired like you claim huh
Politics › Re: Occupy Nigeria: Updates From Across The Nation by OmoTier1(m): 8:21pm On Jan 05, 2012
karl max:
Look, somehow I think you need your head examined! This is not subsidy, this is ST. UPIDITY! How many villages will 1600 buses serve? London alone has over 6,800 Buses with a Population of 6m!

Subsidizing Fares on FG Buses,  oh dear,  will the buses operate in the villages? Where are the roads the buses will operate on?,  With the bad roads, in 9month's time, we will be talking about the importation of another 1600 buses or more,  another SCAM !!

mr mumu teir or omo teir, Ʊ need to have your brain examined so because I don't accept your veiw warrants me to have my brain checked,  When fuel was N65 how much did Ʊ think they sold it in those villages your making a case for?, have Ʊ ever asked urself why our subsidized kerosene DPK are neva available for those village people your making a case for? Stop protesting on the comfort of bbm or laptop go and occupy somewhere in your area internet activist
Exactly why I said you really need your head examined!,  If you can not fathom that the huge price variaiton between cities, towns and villages is because the FG is not doing her work! Why would I agree with you to buy something cheap and sell cheap to my people, and you go in the back, stab me and sell x3 and I have a heat sinker,  with the law backing me,  and I would not sink you huh

FYI, protest to grace London tomorrow,   COWARD!
Politics › Re: Personal Income Tax Reduced By PITA Ammendment? One Of The "Palliatives" by OmoTier1(m): 8:16pm On Jan 05, 2012
jp philips:
@ omo tier
the post was meant for Nigerians in Nigeria not Nigerians in the Uk working as genitors, cab drivers, security guards, door men and mortuary attendants.

it is a message for Nigerians that wish to make your motherland a better place so that your likes will come back from exile.

Now quickly go and change that kid' s nappies freaking white man's nanny.
you black disgrace.
Ha ha, I bet your Minister for Trade and Investment ( Mr. Olusegun Aganga) was also working as genitor, cab driver, security guard, door men and mortuary attendant!
COWARD, You want to come across as intelligent and grasping but you could not put up an article that is coherent, truthful and factual. The rubbish you put up there can only be consumed by those inbreed of the Nigerian Education System GEJ has offered your likes sad

Need I say get lost to the dustbin of History?, And FYI, Several Nigerian technocrats, Engineers, Adminstrators abound here, and they are making a difference to both Nigerian Economy and the UK Economy. I bet if you have managed to buy your parents a 'living hope' in your entire life huh
Politics › Re: Seun Can We Have A Protest Section? We Still Need Some News! by OmoTier1(m): 8:10pm On Jan 05, 2012
Bliss4Lyfe:
@ mobf, I fully understand the significance of oil subsidies for Nigerians, that obviously is the only benefits Nigerians are getting from being an oil producing country.

It is a large sum of money that is accounted for and which everybody benefits. It is like a benefit system for Nigerians.

The question now is wat happens in 20 to 50 years time wen dat benefit dries up? Will Nigerians now spend every penny of annual budget on fuel subsidies which still wouldn't be enough, or do we early in the day start to plan for a post oil resources future, just like they are doing in Dubai via restructuring economy to tourist based economy?

I think Jonathan just made an early break from an unsustainable falsehood of a lifestyle to laying some solid foundations for the future generations and post oil Nigeria.

Let us allow the President to do his work and set us all on a path of success via restructuring our economy.

Stop acting like you'r clever!, 60% to 80% of NDs do not live on oil, go to Warri, Asaba, P/H, Benin City etc vast majority of the residents are petty traders, civil servants! It is the FG that lives on Oil, and uses that revenue to fuel her lavish life style and corruption. The only direct benefit of Nigeria being an oil producing national is the lower price of Fuel for the citizen and the FG can not derive a workable means to get this in place at sustainable cost.

All Nigerians have been asking for is 'light' 'hospital' 'Security' 'Water' and Eduaction' and then see how we will turn the country around, but the FG have refused to provide and guarantee these,
Politics › Re: Occupy Nigeria: Updates From Across The Nation by OmoTier1(m): 7:55pm On Jan 05, 2012
karl max:
mo_Tier1:
Quote from: Donalds N on Today at 06:59:16 PM

20% of the buses will be source from domestic producers according to info minister. MDAs have been directed to pay january salary by 20th and probably february will follow suit. Those of u dat wil never listen to voice of reason but rather open dia mouth to voice out dia paucity of acute sagacity, i said d 1600 buses are just for a START! According to my guy Labran, by february, there would have been enough to cushion d effect on d transport sector. More palliatives still coming. Pls don't be insultive when commenting here. Lets be matured while proving our points

20% of 1600 is how many? A paltry number of 320! You mean FG will be importing a whooping 1280busses from another country and you call that 'Pallative' measures?

Look as for the salary, We KNOW the Federal Government does not have the CAPACITY to pay salaries middle of the month! Why, most Salaries are now done through BACs, and these are fixed systems that require substantial paper work and electronic software adjustment, hence the reason when an employee salary is adjusted wrongly, they usually get the employee paid either in cash or in subsequent BACs transfer!

So dude,  not all Nigerians can be fooled!

Let me also tell you this,  these buses to be brought in, however the number, will not run on water,  okay. They will run on diesel, which will be bought at prevailing market rates of N145, how then will the FG get the buses to charge less per person on any given mileage of transportation? Wouldnt that be a delibrate distortion of local prices?, Or are you going to tell me that these buses will carry Nigeria for free?, Who pays then?,  the FG?,  ha ha,  more SCAM on the way!
Boy, Nigerians are more wiser than your puppet government seems to think!


They have said that they want the poor to enjoy the subsidy instead of petroleum marketers. They have said that the fare would be subsidized instead of my country subsidizing fuel for chad,niger,benin and cameroun,  Ʊ people should also prepare for another occupy nigeria cos no more fertilizer subsidy too
Look, somehow I think you need your head examined! This is not subsidy, this is ST. UPIDITY! How many villages will 1600 buses serve? London alone has over 6,800 Buses with a Population of 6m!

Subsidizing Fares on FG Buses,  oh dear,  will the buses operate in the villages? Where are the roads the buses will operate on?,  With the bad roads, in 9month's time, we will be talking about the importation of another 1600 buses or more,  another SCAM !!
Politics › Re: Personal Income Tax Reduced By PITA Ammendment? One Of The "Palliatives" by OmoTier1(m): 7:45pm On Jan 05, 2012
jp philips:
I think i understand Al harem and jason's confusion your confusion was orchestrated by Ruben Abiati and GEJ by proxy.
How many of you have researched on this subsidy issue before taking a stand?There are more misnomers than facts surrounding this subsidy brouhaha.

First, the Govt said the economy will collapse, ridiculous indeedsecondly, the Govt said oil importers are a 'cabal', nearly fell off my seat.

Fellow Nigerians, there are no cabals, in 2009 the scarcity of petroleum products became intense and the Govt admitted that Nnpc through its subsidiary PPMC has failed Nigerians by their inability to meet up with the supply of pet. Products and that phenomenon gave rise to licensing of some people to 'assist' the Nnpc in doing their job for which they are paid for.

Please don't forget that hitherto, Nnpc has been doing the importation and refining themselves before corruption eroded their common sense.These importers went abroad and came back with a price Nnpc is already aware of comprising of logistics, storage and administrative costs, these were quantified before they arrived at a price.
The FG now fixed a price tag of 65naira on Pms and agreed to be reimbursing the importers the balance not oblivious of the fact that the landing cost is higher than the stipulated price

To my greatest chagrin, the Jonathan’s administration woke up and termed them 'cabals' who are fleecing the nation.Assuming Ruben Abiati goes abroad to buy a TM underwear for 1k and decides to sell it 1.5k adding purchase price  plus logistics plus profit and the Govt tells him to sell at 900 naira, wont he ask for the 600naira balance? 

When the incompetent NNPC agrees to reimburse him, then he has become a cabal stealing from the GOvt?

Are we this docile? If Nnpc lived up to their responsibility, we won’t have need for the importers in the first place.

There is no doubt that the subsidy regime is met with corrupt practices, is it not the responsibility of the govt to clamp down on those malfeasance?

The only solution that came to the minds of this disgruntled PDP administration is to remove subsidy into-to not minding its inflationary consequences.

This is the si1liest approach any human being with brain if they have one can summon.

Thirdly,

Jonathan insulted the intelligence of Nigerians telling us  that we don't benefit from this subsidy except for the importers and he had the unbridled temerity to be advertising it on NTA saying the rich are getting richer.
This people are demons.

When Ruben abiati's mother goes to the market to buy vegetable at a price, does he not know that the seller included cost of transportation to that price?
So when the transporter buys PMS @ 65naira and fixes his price based on that, he says his mother did not benefit from the subsidy that guaranteed the price in the first place?
In generator driven economy like ours?It is either Ruben Abiati and his employers are drunks or they think that Nigerians are m0rons.

I feel sorry for people that think that competition will crash the deregulated price erroneously juxtaposing it with GSM.
Do you know that the price of crude being the raw material for refined pet. Products are sold at the same price in the whole world?

If you agree to this, then, even if you deregulate and license 5million importers the product will still be expensive because crude itself is expensive. You will still need to subsidize it to 65naira. Exactly why deregulation of diesel in part did not work.
The only reason you have not bought diesel @ 200naira is because there are so many illegal refineries who bunker crude, settle JTF and refine diesel at a lower price.

This people still pose a great threat to the importers who buy at a higher price that is why you get diesel @ 140naira elsewhere but in the delta i buy as low as 70naira.At this verge you will not over rule the fact that these unscrupulous elements contribute to the availability of diesel, if you are in doubt, anywhere you see cheap diesel, ask the dealer the source of his consignment If he is honest he will tell you the truth, when i was told, i took an hr 20mins boat ride to a remote village in the delta between Belema and Kola communities and i saw the local refinery myself.

I will post the pictures later.Conduct a chemical test on those cheap diesels if you are not convinced and you will realize a lot of additives are missing.Sounds incredible but those are the realities on ground.You now know why many importers in the delta hardly have diesel.

I still feel sorry for those who think the Govt should build more refineries, that will not solve the problem either because there is no cheap crude to supply these refineries.

The oil production of Nigeria stands at 2.37 million barrels of crude daily. Nigeria get this crude in a JV (joint venture) with IOC's (international oil companies) and the Nigeria's cut stand btw 55% to 60% of the lot, if we go by 60% thenThat gives a total of 1.4m barrels daily.If we average the crude price from 2009 till date, the price falls close to 100usd/bbl.
In that case, Nigeria makes 140,000,000usd daily from this JV.
Nigeria has a policy called DSO (domestic supply obligation) which mandates 250,000bbl/d of this crude to be refined and consumed locally,In monetary terms, the Nigerian govt is giving us 25,000,000usd worth of crude to refine.Our three refineries at optimum capacity utilizes 450,000bbl/d which gives 45,000,000usd in monetary terms in other words, the price of raw material in this case, crude, accrued to our refineries comes at 45m usd per day, if you add refining cost and profit of 6usd per bbl,
The total cost becomes 270,000,000usd per day.There is no way you can refine that crude at that price and sell it 65naira/l and make profit.

Meanwhile, once we mark out that 45m usd worth of crude for our refineries (assuming they are working at optimum capacity), the govt has already lost 45m usd from their 140m usd daily earnings (which will affect budget implementation) and after refining will still spend more money to subsidize it to 65naira/l

With this analogy, you will agree with me that if all our refineries are working optimally, the govt will spend 3times our present day subsidy to bring the pump price down to 65naira/l.

So, for those of you clamoring for refineries should be careful what you wish for because there is no cheap crude for you to refine.I have argued abinitio that the sales of other derivatives of crude will bring down the cost of most sort PMS,DPK etc but after doing some feasibility studies, i realized i was dead wrong.

I further argued that to make cheaper crude available for our refineries, the Govt should reduce the price at which it is supplied unfortunately, the senate mandated the then GMD of Nnpc that the DSO must be sold at international crude price.

This i believe was proposed for the following reasons:

1 the refineries are working below capacity so what the heck does Nnpc use the crude for?

2, there is a benchmark on crude price for budget implementation.With these reasons, any existing or yet to exist refinery in Nigeria will get crude at a high price and must need subsidy to sell at 65naira/l, at this cross road, the then GMD of Nnpc decided that all crude should be exported and subsidy be paid on imported products.

Guess he was left with no choice.At this verge, i must reiterate here that competition amongst importers will only crash the profit margin but not cost price.

Even if every Nigerian becomes an importer of pet. Prods, we can never change the fact that crude in the int l market is already expensive before thinking of refined prod.

So we must need subsidy to make profit.Before this issue of subsidizing petroleum products can be addressed,You must have the following at the back of your minds:

1, Nigeria pegs a benchmark on crude prices to enable it implement budget. This stands at 75usd/bbl. And this crude is sort from the JV.

2, if crude price exceed the benchmark above, Nigeria makes excess crude revenue (ECR)

3, conversely, if we make excess crude revenue, the price of subsidy on refined products shoot up.With the above analogy,
One can argue that the ECR be used to subsidize imported petroleum products since both are a function of each other unfortunately in Nigeria, it comes with its own challenges.By law, the constitution clearly states that

"all revenue accrued to the FG be shared amongst the three tiers of Govt".

This alone makes it illegal for the FG to keep the ECR to itself for whatever reason.This is where the wahala started, during GEJ's campaign, he astronomically increased workers salary without consulting the state Governors,most Governors have refused to pay on the grounds that they cannot afford it.
On that grounds Taraba, jigawa and some other states have a genuine case.

With the above development, the states started scrambling for funds and remembered the ECR and insisted it must be shared to enable them pay the new wage and develop infrastructures.

The FG had no choice but to capitulateWith this development, the FG is left with little or no choice.The way forward:In the short run:While the FG is consulting, they must consider these options,

1,  identify and tackle the corruption prevalent in the subsidy regime. That will push down the cost of the subsidy in the first place.Like i said in April, no matter how sincere GEJ think his administration is, he cannot make any reasonable progress in the face of corruption,

2, the power projects must come upstream before removing subsidy, this will reduce the demand on pet. Products to a very great extent.

3, Nigeria must accommodate Gas export, port duties and other forms of revenue in their budget implementation policies

.4,  Govt must never invest an extra kobo in our moribund refineries, by doing otherwise, the cost price of the refineries will rise to an extent that it will no longer be attractive to investors or will prolong their repayment plan.Thereby making it very capital intensive.

5, Instead of deceiving Nigerians with their cabal bullshit and deluding them that they don't benefit from this subsidy, the FG should channel that propaganda with intense lobbying to the senate,NLC and civil society organizations to stop the state governors from demanding for the ECR, this can be achieved by the FG asking the state to pay whatever increment they can afford for the workers that way the ECR will be used for subsidizing pet. Products.

In the long run:

1 Nigeria must seek local production capacity.It is no longer news that Nnpc and its subsidiaries have failed woefully in meeting the needs of the Nigerian people.Nnpc through its subsidiary Npdc and Ngc are saddled with the responsibility of the above for oil and gas production respectively,

but as i write, the current production of NPDC stands at a paltry 90,000bbl/day which is a huge failure for an agency set up 23yrs ago,The IOC's has made us believe that it will cost less than 12usd to extract 1bbl of our oil.

The Management of NPDC must be reshuffled and if possible experts brought in on contract basis to improve NPDC's productionThese experts must be placed on targets appraised by milestones. in ogoni land for instance, Anglo dutch has a lot of abandoned production facilities and marginal wells and others scattered all over the country,

these can be bought by NPDC with the money FG want to waste on refineries to improve production,If NPDC can extract oil at 12usd/bbl and make a little profit, with this cheap oil available,

Nigeria will have no reason going to the JV. This cheap crude will attract investors to build refineries and create jobs,A 250,000bbl/d refinery will cost a little above 5b usd, dangote alone can afford two of those only if NPDC can guarantee cheap oil. This is why no investor is coming to build refineries.

A crude price of 18usd/bbl from NPDC will guarantee pump price of less than 22naira per litre of pms from these refineries.With this plan,

By the end of this Administration, NPDC will have robust production capacity and the refineries will guarantee steady refined products.

These refineries shouldn't be operated by the Govt for any reason.The FG will generate revenue from both ends, export of crude and export refined products and the production of NPDC must be increasing periodically.Once the above takes effect, there won’t be any need to be paying subsidy because pump price will be around 23naira/l and inflation will reduce by 40‰.

Now, how competent is Allison Madueke and iweala if they can’t figure this out?

To think of removing subsidy at this stage where there is no electricity and high corruption rate will be tantamount to economic suicide.

Please if the both of you want a trial and error approach to economic solutions please try the next country or preferably Haiti.

What iweala forgot is that in the face of inflation the cost of running Govt projects will be high, All Govt contractors will definitely come back for contract variations or Abandon those projects.

As a sound economist, she should tell Nigerians the value of 1.3 trillion naira ( she intends to save on subsidy removal) in the face of 60% inflation and how many projects Nigerians will benefit from the subsidy removal.

If you remove subsidy and the money disappears, then it is a NO NO for Nigerians
To the trash bins of History, bunkers huh Waste of time, can't be bothered replying to assumptions and calculations that are out of place, good try, zero impact!
Politics › Re: Occupy Nigeria: Updates From Across The Nation by OmoTier1(m): 7:17pm On Jan 05, 2012
Donalds N:
20% of the buses will be source from domestic producers according to info minister. MDAs have been directed to pay january salary by 20th and probably february will follow suit. Those of u dat wil never listen to voice of reason but rather open dia mouth to voice out dia paucity of acute sagacity, i said d 1600 buses are just for a START! According to my guy Labran, by february, there would have been enough to cushion d effect on d transport sector. More palliatives still coming. Pls don't be insultive when commenting here. Lets be matured while proving our points
20% of 1600 is how many? A paltry number of 320! You mean FG will be importing a whooping 1280busses from another country and you call that 'Pallative' measures?

Look as for the salary, We KNOW the Federal Government does not have the CAPACITY to pay salaries middle of the month! Why, most Salaries are now done through BACs, and these are fixed systems that require substantial paper work and electronic software adjustment, hence the reason when an employee salary is adjusted wrongly, they usually get the employee paid either in cash or in subsequent BACs transfer!

So dude, not all Nigerians can be fooled!

Let me also tell you this, these buses to be brought in, however the number, will not run on water, okay. They will run on diesel, which will be bought at prevailing market rates of N145, how then will the FG get the buses to charge less per person on any given mileage of transportation? Wouldnt that be a delibrate distortion of local prices?, Or are you going to tell me that these buses will carry Nigeria for free?, Who pays then?, the FG?, ha ha, more SCAM on the way!
Boy, Nigerians are more wiser than your puppet government seems to think!
Politics › Re: GEJ To Import 1600 Buses: What Happened To Innoson Vehicle Manufacturing Company by OmoTier1(op): 7:08pm On Jan 05, 2012
karl max:
Una neva even Ơ̴̴͡.̮Ơ̴̴̴͡ the bus I thought Ʊ people said the bus thing is not good enough!

How did Ʊ knw the make and if is imported?
I thought you had some cells left in your brain!, Go goggle NTA news yesterday and you will see where the Minister of misINFORMATION, said categorically that FG will be importing 1600 diesel buses as part of its 'Pallative' measures to help with transportation around the country!

FYI, this sort of information/news flash is what we should hear from LGAs/State Governments and the FG ought to have a policy in place to discourage purchase/importation when there is actually a local manufacturing firm down here!

How about a Policy where by Government pays 5% towards the purchase of locally manufactured/Assembled vehicles with a strategic drive to get all assembly plants to convert to manufacturing plants within 5years huh
Politics › Re: Nlc To Shut Down Airports, Banks, Etc - Advises Masses To Stockpile. Who Loses? by OmoTier1(m): 6:47pm On Jan 05, 2012
oluwabamis:
it takes less than 5 days to bring jeg,okonjo wahala and cohorts to their knees,while speedily reverting back to status quo. just shut all our oil wells. e even obama cant withstand zero oil output for 24hrs. thats the way to go, fellow contrymen
Watch International oil prices from next week, Oil wells and flow stations are going to be shut as from Monday! Sea and Airports will also be locked completely.
Politics › Re: Personal Income Tax Reduced By PITA Ammendment? One Of The "Palliatives" by OmoTier1(m): 6:45pm On Jan 05, 2012
efisher:
I'm rich so I don't need subsidy or palliatives. Tax me more and give to the poor. We need to find ways in which whatever subsidy benefits only the poor.
Asking a corrupt government to tax you more to fund the poor huh, which poor?, oh boy! You really think the FG cares about the poor? huh
Politics › Re: GEJ To Import 1600 Buses: What Happened To Innoson Vehicle Manufacturing Company by OmoTier1(op): 6:25pm On Jan 05, 2012
oyb:
you are asking oga fresh british dustbin to buy nigerian shocked shocked shocked shocked
Oh well, i thought, i mean i thought, i , i, err, thats a good question, it's local economy stupid!! cheesy.

On a very serious note, a government that truly has its citizens at heart would consider immediate expansion of existing manufacturing hubs as key to growing the economy! You have seen how Obama has been using US economic and military might to win orders for F-35, F-16 and even the B787 aircraft which will get over 200,000 americans employed for about 5years or more,

Why can't GEJ do same with this Bus Import Scam huh ,
Politics › GEJ To Import 1600 Buses: What Happened To Innoson Vehicle Manufacturing Company by OmoTier1(op): 6:06pm On Jan 05, 2012
INNOSON VEHICLE MANUFACTURING CO. LTD

Innoson Vehicle Manufacturing Company (IVM) was commisioned by His Excellency, President Goodluck Ebele Jonathan at Nnewi. IVM is part of the Innoson Group of Companies founded by the visionary Chairman, Mr. Innocent Chukwuma, Officer of the Order of the Niger (OON).

IVM introduces automotive products from China, Japan and Germany. It's product line includes heavy duty vehicles, middle and high level buses, special enviroment friendly vehicles. The company carries out optimization design and assembly according to west african road condition so as produce suitable products at affordable prices.

The company also provides good services for repairs and parts supply. All these actions are engineered to meet the customers' special requests, attain the highest possible performance and safety standards and also make the vehicles suitable for the west african market.

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
What happened to these guys? Check out their website >>> http://www.innosongroup.com/innosonmotors/buses.php
Why would government go import when a local Manufacturer is available?, So much of the 'FRESH AIR' huh

Again, if the FG actually planned this 'Pallative' measures,  then it would have been long concluded that companies such as Innoson would be encouraged by FG patronage, instead, they have gone to pump billions to their accounts overseas in the name of  Fusel Subsidy removal 'Pallative' measures!  huh

Government of the Fraudsters, by the Fraudsters and for the Fraudsters , more evidence this government does not have Nigeria at heart!
Travel › Re: Vicjustice, Omo_tier, Dis Guy: Have I Been Banned For Overstaying? Help! by OmoTier1(m): 4:35pm On Jan 05, 2012
paris10:
@poster listen to me. A lot of people claim to be immigration expert by quoting laws and colleagues.

I see you were refused not because you overstayed but because you honesty omitted vital information on your application. If what you're saying is recent, you can appeal this decision and win.

Before you say "how", there's a precedent regarding this case. Same thing happened to a guy in a case called O.O v Secretary of state for the home department. Full citation of the case would help you to win the case.

I could be of help if you want to appeal
Can you help hre with the Full judgement so she can read for herself and use that as her 'case witness'? My other concern is Her caution because in JR proceedings even though it is suppose to be on the legality or otherwise of the HO decisions, Treasure Solicitors often engage in character assassinations in their reply bundle before a judge just to paint the individual negative.
Politics › Re: Nlc To Shut Down Airports, Banks, Etc - Advises Masses To Stockpile. Who Loses? by OmoTier1(m): 3:42pm On Jan 05, 2012
kalokalo:
On whose auspices is NLC attempting to shut down the nation's economy? sad shocked Who gave them the right to dictate government policy?  angry. These corrupt thugs and their covert fuel marketer sponsors should be arrested and prosecuted for economic sabotage!! Since when did an executive policy become a labor /collective bargaining issue under which and only under which they can declare strike going by the provisions of the Trade Unions Act? Was there a ballot under which their members voted to go on strike? Why impose strike action on non-members and regular citizens?

NLC has turned itself into a lawless behemoth. If you hate a state policy, protest and mobilize to throw them out of power at the next ballot, not shutting down the national economy. How I wish Nigeria was a civilized society where nonsense like this will attract jail and confiscation of personal and corporate assets of the unionists. Nonsense!
Abeg go Educate yourself about Labour Laws in Nigeria, Wait until Monday, you would know who gave them the authorization,

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