₦airaland Forum

masseratti:
I don't need to prove or state anything to u,our forefathers walked more than that on foot paths,if you like believe it if u don't like don't, it won't add a dime or out food on my Table, what I know is that it's possible, if u can't,it does not mean someone else can't .

mizvee:
U re in for a surprise mister. It will shock u ds tym around. Allah kaimu saturday!

Forwetinnah:
E dey pain you nii...the same failure you called GEJ even when he out-performed people like your old mallam, what am I even saying?? His failure will be pressed down, shaken together and rolling over because of the high hopes people like you already have in him. I'm going to have so much fun calling him out for the next 4 years. If APC like make dem block nairaland

*because I'm haaaapppy* in Pharell's voice

amicdan:
lolz..ran out of call card to call ya

jomoh:
Am I the only one that noticed the tone in this guys voice.

When an apostle/pastor predicts, they talk with confidence and conviction like he did in his previous predictions but his tone has changed to someone that is pained at the emergence of GMB.

I see a similarity in his tone and that of a disgraced Nairaland guy. Barcanista.

teufelein:
a.boki, whatever/nevertheless the dice is cast and the paedophile mallam buhari will soon know his fate!
one thing i know for sure, the fraud/liar/certificate forger, mallam buhari will never be president of the zoo nigeria!

amicdan:
You would be called out after the result.....Hope your not gonna hide?

grandstar:
What I said about David West was wrong. Anyway, his understanding of economics is poor.

I stand by what I said. A subsidy exist if you bought crude oil at the market price. The difference between the market price and the controlled price is the subsidy. Government is losing huge money daily through this subsidy.

Anyway, a 19th century economist said,"the existence of subsidies can not be divorced from abuse"

It so true, even today!

JustCalMeDBoss:
Pls read tam west analysis it is based on pump price. Now when jonathan tried to completely regulate the sector at 2012 u ppl cried fowl. And when an oligarchy controls the sector they can connive with themselves. To manipulate the sector We all want the same thing but the position as always been if the sector is deregulated who gets what. That's wat the opposition has been truly fighting. And I also just pointed out that west assumption that you get 1 barrel of crude oil is 45 gallons is a lie cos u get only 19 gallons The position here is that no one truly knows the operational cost of NNPC refining gasoline. Infact I can show u a punch article where nigerian refining cost increased by almost $8 due to transportation cost by ship of the crude oil instead of with pipelines.

http://www.punchng.com/business/financial-punch/oil-slump-nigerias-crude-refining-to-drop-further/
And believe me there more problems ahead.

JustCalMeDBoss:
So landing cost is actual pump price in ur dictionary abi. what of cost of transportation to various location around the country that even includes cost of transportation to tank farms, security an so many oda cost. look who is clueless. When for example its far more cheaper to bring 10,000 tonnes of rice from thailand than to bring the same quantity from the north. The problem with ppl like you is that they want to be told cinderella stories. And we are not saying the industry should not be sanitized but let the sanitation go round. because so many of the so called APC chieftains are been paid these saubsidies moni.

Elcapo:
Ooh really?!
He wasn't assuming anything as a-priori Į̸̸̨§ not based on assumption anyway,
He just proved a theory mathematically and a priori Į̸̸̨§ obviously based on "all things being equal" or whn an outcome Į̸̸̨§ against the all possible odds.
"Just incase"

Elcapo:
Mathematically
Ever had about a priori in economics?

grandstar:
Listen up guys and listen good! Tam David West is an economic illiterate

When a company wants to carry out machinery valuation, who do they call-An estate valuer or an engineer? Interestingly, they do not call an engineer. Its an estate valuer they call.

You may wonder why? Because value of a product is determined by the Law of demand and supply or simply put, market forces. If you have ever bought a sachet of pure water for 50naira in a monstrous traffic jam, you'll know what I mean.

Or alternatively, have you ever tried to dispose of your own item and found out that what you are being offered is usually less than your ideal value?

Tam David West here is speaking about cost of production and not value. Based on cost of production, yes there is no subsidy. But based on market value, there is.

No company in its right mind will invest hundreds of millions of dollars or even billions into producing oil if the sale price is based on the cost of production. Not a penny will be invested. No bank will ever extend money to such a venture!

Do you know that the market value can at times be less than the cost of production? It has happened several times. Why do you think that Saudi Arabia refuses to reduce the quantity of oil it produces. It wants there to be a glut so as to drive down price of crude oil to make it unprofitable for the Americans oil producers operating in the United States who have a very high cost of production.

If the market price is $80 and the FG is compelled to sell at say a cost of production price of $30 in order for the price to be 87naira, that means the government subsidizes it by $50 a barrel.

If you are a restaurant and the price for a plate of rice with chicken is N300 and you are compelled to sell at N150 which is your cost price, you are subsidising it by N150. If you sell 100 plates at 150, you are losing 150.

JustCalMeDBoss:
A simple knowledge of fractional distillation shows that only 42% of gasoline can be gotten from a barrel of oil. For our type of oil. now the US energy information assessment agency clearly states that 19 gallons of gasoline and 12 gallons of diesel can be gotten from a barrel of oil. Bloomberg also states nigeria can only meet 16 percent refining capacities of its domestic needs which a large percentage is lost to vandalism and depends on importation for over 70% of its domestic needs.

Every body wants to be an economist now. LOL
Buhari the miracle worker. But let him start with Oando because we know tinubu has a large share there.

http://www.bloomberg.com/news/articles/2014-12-23/oil-s-slump-gives-nigeria-chance-to-end-7-billion-fuel-subsidy


http://www.eia.gov/tools/faqs/faq.cfm?id=327&t=9

http://www.petroleum.co.uk/refining

whether it is painting, plumbing, bricklaying or carpentry work we will charge appropriately and if you accept our price we will go with you to the place do it to your satisfaction.
“But I think that the contractors simply hire the Hausa and Chad people because they will take whatever they pay them because most of them don’t have families and don’t pay rent and so they can afford to accept anything given to them.

Chief Adike Nnaji, one of the building contractors, who spoke with Oriental News, said the reason most contractors prefer to hire either Hausa or the Chadians was because they would do the work according to specification.

Kenistry:
d robbery tin was serious even during my tym dia. We dont go to weekly cds meetings because of fulani thieves across the obbo-osi rd. D royal farm is awesome, dier garri is d best I've seen ever, we enjoyed some of thier farm produce free of charge cos we r corps members. Thnkz for making me remember doze sweet memories

Kenistry:
no I served my 'forced' country Nigeria for one yr dere. D ppl r ok, dey r mainly farmers & every family make its own garri which dey sell with oda farm produce on their market days. Light was awesome bt d plc lacked access to oda basic amenities, markets, banks & co. I usually go to Osi or Oma aran to flex. Most importantly, I didnt touch dier gals due to stories abt dier diabolic ways. By & large, service dia was a wonderful experience.

Kenistry:
wow, Ekiti lga in Kwara. Dats my ppa during nysc. Obbo ile to b precise. Byway I understnd ur point too. Lets jst hope everytin works out gud

tonychristopher:
but then do some people from your region and ekun say they aint yoruba, cos i know one in lagos,