₦airaland Forum

lol

,
Dis particular surgeon always forget at least one equipment in his patient body when operated upon, so everybody always run away from him, A friend of his wanted his service, he sum up courage and went to the surgeon, after the operation he asked the surgeon, hav u remove ur scissors? I have, replied the surgeon, what about the thread, the needles, the cotton wool everything? Asked the patient, I have all of them, thank god i dont forget
any longer, At a moment the surgeon was curious, the patient asked him, what is it doctor. I HAVE FORGOTTEN MY MOBILE PHONE IN UR BODY! replied the surgeon. Something is vibrating inside my body' the patient screamed. Hahaha

hahahahaha, diz is a big threat! MARK ZUCKERBERG is shaken! Let him pay Jack Bauer to find d annoyance group na! ,
Seun standby for Nairaland! Lol

abi

Aah so am alive! Thank God! I slept while watching Juma attacking the white hauz, and NEPA took light and i 4GOT TO turn off d player! Gush! At midnite when they give back the light, as loud as it
was,there were gunshots , i grabd ma pillow,
jump under the bed thinking of wat to do, few
second later i heard 'open this door or i will bomb
it' i fink he wil allowed me to just talk but i heard a
loud sound BAMMMM! I ALMOST faintd, i thought i
was dead! At a moment I Heard a footstep in ma
room, i grabd ma breathe and everything just
stop! Lol it was mum that came to my room and
off the DVD player! DAMN IT WAS LAST MEMORY
OF THE MOVIE 24 I WAS WATCHING! DAMN IT
JACK BAUER! AM A HERO ANYWAY FOR
SURVIVING THE BOMB BLAST. HAHAHAHAHA.

culled from
www.thisdaylive.com/articles/the-inside-story-of-petroleum-subsidy-saga/101631/

culled from
www.thisdaylive.com/articles/the-inside-story-of-petroleum-subsidy-saga/101631/

No doubt, elements of subsidy exist in the pricing
of petrol and kerosene sold in Nigeria. But before
the federal government throws all of us into an
unprecedented confusion by an unplanned
removal of this subsidy, we must ask questions
because once the nation starts to burn you never
know.
The refineries in Nigeria produce some quantity of
petrol, what is the cost of that fuel? Diesel is
deregulated already and so nobody bothers
about that type of fuel. What of kerosene, called
DPK, how much does it cost to produce it in
Nigeria and how much is it sold? What of jet A1,
also known as DPK (the fuel to fly aeroplanes),
where is it from and how much is it sold? The
back page article in the PILOT newspaper of
October 15, 2011 should interest a lot of readers
because it contained a summary of per litre fuel
pump price in both OPEC and non-OPEC
economies.
The survey says per litre pump price of petrol in
Iran is N58.40k; Kuwait N30.66k; Qatar N32.12k;
Saudi Arabia N17.52k; UAE N54.02k; Venezuela
N5.84k; Libya N15.95k; Egypt N46.72k; Malaysia
N73; Mexico N81.76k; Bahrain N39.42k; Russia
N90.52k; USA N108.04 and Indonesia N81.14. As
at August 15, 2011, based on its pricing template,
Petroleum Products Pricing Regulatory Agency
(PPPRA) said the landing cost of a litre of petrol in
Nigeria is N129.21; the margin for transporters and
marketers is N15.49; the expected pump price
ought to be N144.70 per litre instead of the N65
per litre that is charged. This means a so-called
subsidy of N79.70 assumed by government on
every litre of petrol sold in Nigeria.
All the countries mentioned above own
functioning and efficient refineries to produce
petrol, diesel and kerosene for their domestic
economies. Nigerian refineries also produce some
quantity of petrol; let the PPPRA tell the Nigerian
public what the per litre cost of locally refined
petrol is in Nigeria. As a people, we should
introduce rigours in our public life so that
transparency and accountability can be
promoted. If the true selling price of per litre of
imported fuel in Nigeria is N144.70 and the
government has not found it necessary to invest
in refineries, who should be blamed?
Let us examine the cost components of imported
petrol. But this imported fuel is actually round-
tripped because the original crude is taken from
the shores of Nigeria and sold to dedicated
refineries. When the crude oil is loaded into the
ships in Nigeria, there are huge handling charges
at the port, plus insurance and haulage charges to
cover the cargo as it sails to the foreign refineries,
port charges as it enters into the foreign countries
and production cost. After the refining has been
done, the refined petrol now is sold to big oil
traders who now sell to Nigerian government big
boys and the fuel is then loaded onto ships
bound for Nigeria and the cost builds-up again
viz: port charges in the host country, excise
duties, and then haulage and insurance on the
vessel and its content to Lagos plus port charges
at destination, demurrage and security charges.
Details of exchange of Sovereign Debt Notes and
the off-takes at the ports will not interest readers
here. But the cost of locally refined petrol is not
the same as imported fuel. The Nigeria Labour
Congress must find out.
The matter is beyond the existence of a fuel cartel.
It touches the heart of the federal government
from pre- President Goodluck Jonathan era and
exposes the naivety of National Assembly
members.
Two more areas need to be examined. These are
the role of the Petroleum Equalisation Fund (PEF)
and the use and abuse of DPK (dual purpose
kerosene). The main duty of PEF is to ensure that
by picking up the haulage charges on distribution
trucks from one depot location to another, it
ensures that the price of fuel is equalised across
the country. To move a truck of petrol from
Lagos to Kano, for instance, would cost about
N200, 000.00 per truck in haulage cost and it is
the duty of PEF to reimburse the major marketers
for this cost and thereby maintaining a flat rate of
N65 per litre in the country. If a major marketer
moves 1,000 trucks to several of such locations
in one month, PEF reimburses the company.
It is this component that is the subsidy in this
case. If a major marketer moves 60 trucks and
enters PEF claims for 500 trucks, who cares,
when everyone is happy? If this is replicated
across the seven odd major and numerous
independent marketers, Nigerians can imagine
how much is truly lost in haulage claims and
where part of the subsidy really ends up. The
pockets of Petroleum Products Marketing
Company staff, Nigerian National Petroleum
Corporation staff, government officials and major
petroleum marketing companies are full to the
brim and bursting. But the nation groans. Let PEF
be cancelled today and fuel pricing at different
locations in the country should reflect full haulage
rate.
The other item in this subsidy saga is the
kerosene factor. The Nigerian refineries actually
produce kerosene and it is a known fact that DPK
is used for household needs and to fly
aeroplanes. The government has fixed a price of
N50 per litre of kerosene but consumers get it for
N95 per litre. No matter what government does,
it won’t change anything in DPK. The pressure on
kerosene comes from one major source –
airlines.
The kerosene used by airlines has to be very pure
because even a speck of dust in a huge volume
of DPK can cause havoc in an aircraft. Ninety
percent of the kerosene produced by the
refineries is allocated to the major oil marketers
and it ends up in the tanks of aircrafts. If PPMC
sells kerosene to major marketers at N44 per litre,
the major marketers sell this kerosene to the
airlines at N165 per litre.
The consumption of DPK by aircraft is quite
substantial. A 747 aircraft from Lagos to London
uses as much as 30,000 litres of DPK and a 737
aircraft to Kano from Lagos uses as much as
5,000 litres of jet fuel in the minimum. However,
the poor Nigerians are only allowed to buy 50
litres of DPK per transaction, over and above the
government rate of N50 per litre and, yet, not
enough kerosene for the poor. It is obvious
where the kerosene goes and everyone in
government and in NNPC knows what the true
story is. The recent statement by Deizani Alison-
Madueke, the petroleum resources minister, that
the subsidy on kerosene is to remain is a
fraudulent statement because the games played
with kerosene are known and government
officials want some subsidy to remain for the
boys and their girls. If the haulage subsidy is
removed and DPK from refineries is coloured,
there will be kerosene all over Nigeria at N50 per
litre and it won’t be diverted to jet fuel. Colouring
kerosene for domestic use is the answer not
subsidy retention. Let DPK for aircraft be priced
appropriately.
Removing subsidy on petroleum products must
be done correctly and within the proper context.
Experts say that 200,000 barrels per day refinery
can be built in nine months at a cost of US$4.0
billion. Let government partner with Nigerian and
foreign investors and oil majors such as Shell,
Exxon-Mobil etc, draw from its foreign reserves,
as was done to pay foreign creditors in 2006, and
build two of such refineries within 2012 in
readiness for subsidy removal. The management
of these new refineries can be contracted out to
the technical partners for 50 years while Nigerians
acquire technical and managerial competence in
the interim. On the existing refineries, the federal
government should assign the responsibility for
their maintenance to those companies that built
them, in the first place. The output of the local
refineries will then be sold at local market rate –
no PEF, no imported inflation! If new refineries are
built, old ones are working and crude oil is
available at market rate, fuels from them are sold
at market prices, private investors would be
persuaded to invest in refineries.
But there is a huge challenge. If fuel subsidy is
removed, savings of N1.2trillion will be made and
to be used for what? It is very clear in my mind
that the governors, ministers, legislators and
politicians will, ultimately, embezzle the money.
The number of ex-governors and former
ministers in court over corruption charges
justifies my expectations. National Assembly
members will earn N30 million each a month for
the very hard work they do. Proceeds of subsidy
removed will now end up in the pockets of
politicians rather than in the hands of the private
sector boys; it is mere abracadabra! Fuel subsidy
removal in Nigeria is always preceded by so
much turmoil.
Government then promises palliatives to calm
frayed nerves. When President Ibrahim
Babangida removed subsidy in 1987 he set up
Directorate of Food, Roads and Rural
Infrastructure and it failed. He then set up Oil
Mineral Producing Areas Development
Commission and it also failed. It was only General
Sani Abacha that succeeded in transferring
subsidy removal benefits to Nigerians through
the instrumentality of Petroleum Trust Fund. All
the promises made by President Olusegun
Obasanjo on the use of subsidy proceeds failed
to materialise. So President Goodluck Jonathan
needs to tell us what he wants to do with
proceeds of removed subsidy and the
framework to apply. State governors must
pledge to remove the inglorious immunity clause
before subsidy is removed. We have to police
governors more closely.
But is it timely to remove fuel subsidy? Are we
inviting chaos of the Arab type? My honest advice
is to ask the federal government to properly run
existing refineries and build two or more
refineries in the next 12 months before it fully
removes subsidies. It should abolish PEF, in the
first instance, and sell locally produced petrol at its
true cost plus graduated marketers’ margin to
take care of distance from refineries’ location. Oil
majors and independents can import fuel by
themselves without interfering with Nigeria’s
crude export and such fuel is acquired by PPMC
based on need and sold at the same price as
locally produced petrol, thereby reducing the
subsidy elements in fuel price. When other
preconditions are met subsidy can be finally
removed.

have bin seeing them weekly buh dont knw if some are illusion.lol

Breaking news:
23 yrs ago 1988 to be precise, the then SUG President of the University of Jos led a team of students who rioted against the then military dictator (IBB) over removal of oil subsidy.He labelled it "a crime against the Nigerian masses and a war against the poor".Dat SUG president is now Mr. Labaran
Maku! The current Minister for Information who has recently said that the removal of oil subsidy is long overdue! Isn't dat interesting & funny to you?
please, I won't take offence for plagiarism. Nigerians, Think,act, This country is your country,

INDEED POWER IS SUSCEPTIBLE TO CORRUPTION!

I started it and am ending it now! Like it or noT Gaddafi was a hero!

Check out Muammar
Gaddafi's Leadership in Libya.
1.There was no electricity bill in Libya;
electricity was free for all its citizens
2. There was no interest on loans, banks in
Libya are state-owned and loans given to all
its citizens at 0%, interest by law
3. Home considered a human right in Libya –
Gaddafi vowed that his parents would not get
a house until everyone in Libya had a home.
Gaddafi’s father has died while him, his wife
and his mother are still living in a tent
4. All newly weds in Libya receive $60,000
Dinar (US$50,000) by the government to buy
their first apartment so to help start up the
family
5. Education and medical treatments are free
in Libya. Before Gaddafi only 25% of Libyans
are literate. Today the figure is 83%
6. Should Libyans want to take up farming
career, they would receive farming land, a
farming house, equipments, seeds and
livestock to kick-start their farms –all for free
7. If Libyans cannot find the education or
medical facilities they need in Libya, the
government funds them to go abroad for it –
not only free but they get US$2,300/mth
accommodation and car allowance
8. In Libyan, if a Libyan buys a car, the
government subsidized 50% of the price
9. The price of petrol in Libya is $0.14 (N22)
per litre
10. Libya has no external debt and its
reserves amount to $150 billion – now frozen
globally
11. If a Libyan is unable to get employment
after graduation the state would pay the
average salary of the profession as if he or
she is employed until employment is found.
12. A portion of Libyan oil sale is, credited
directly to the bank accounts of all Libyan
citizens
13. A mother who gave birth to a child receive
US$5,000
14. Gaddafi carried out the world’s largest
irrigation project, known as the Great Man-
Made River project, to make water readily
available throughout the desert country
So What's d Problem? The long rule?
What about the thieves that rule us only 8yrs,
did any of them achieve any thing for us in
this list

Man united fan as refs doesnt favour chelsea in a game like diz, esp when man u was demolished at old trafford, That ref deserve yellow card though.

someone jst said M-mobile T-thieves in N-nigeria, is it true?

someone jst said M-mobile T-thieves in N-nigeria, is it true?

chelsea got diz one!

beta stil if u insert mtn or etisalat sim for the first time, auto gprs setting wil be sent, but if they tel u sory device cant be configured auto, try manual seting, run!
Or send settings as a msg to 3888 wit mtn and if u get a mesage, ur device not suported, run oh!

original phone when press *#0000# wil give u the phone model and year it was made, but chango wont do. Lol

for airtel user if ur sim card was not collected from u then it means u neva register. Cos the sim s/n must go wit the num. And u wil get a confirmatn text from 5808 wit *welcome on board* as the last part of the text. Thatz it

sampsonjnr22@yahoo.com

AVB team wins, and its stands,

this is nice from NBC, at least it wil serve as deterrant for other artiste, LMAO

WINDOWS is a name that has ruled the whole computer world since its first launch in November 1985. Since then it is like a trademark of Microsoft Corporation.

With many advanced versions of Windows available today such as Windows XP, Windows Vista, it is the most used operating system in the world. In 2010, Microsoft is going to launch WINDOWS 2007, but now here is time to experience a yet another technology of operating systems.

Yes, MICROSOFT is working on a new generation of operating systems called Cloud-Based Operating System and rumors are there that MIDORI will be their first such operating system, which will replace Windows fully from computer map.

lol,you guys are funny, Airtel rocks naw jst dial *446# ur first recharge and there u go, N12 per minutes to every networks after the first N30 permin at the first minutes, am enjoying it most,

Mr President has done a gud job there with 18k minimum wage underway, more univesities and a lots more to come, Kudos to my president, Lol. @190 we'll kick ur butt outa here, dnt compare naija with UK. We'll soon landed

Mr President has done a gud job there with 18k minimum wage underway, more univesities and a lots more to come, Kudos to my president, Lol. @190 we'll kick ur butt outa here, dnt compare naija with UK. We'll soon landed!

Diz lady called pendo never ceased to amaze me with ha comments. Hahahahaha.@pendo will like to hear more about ur experiences @poster you did well by bringing it this topic, but you see, the level of understanding such topic in naija religion and culture differs, some people, We have a thousand and one churches with different doctrines, so 50%may believe dating is in God's enacted do's and 50% otherwise. Its all about you.Diz lady called pendo never ceased to amaze me with ha comments. Hahahahaha.@pendo will like to hear more about ur experiences @poster you did well by bringing it this topic, but you see, the level of understanding such topic in naija religion and culture differs, some people, We have a thousand and one churches with different doctrines, so 50%may believe dating is in God's enacted do's and 50% otherwise. Its all about you.

This is a Good Idea which can be further developed to stop the menace of malaria in the society. We can adopt the shocks smell technique first!

A storey building in Doyin Omololu street ketu has collapsed, today friday 15th july at about 5pm.a lots of people are gathering here to see the situation for themselves. One unconscious victim is receiving treatment by the Lagos state ambulance service team. Information here is that people are still traped inside. Pressmen and policemen are at the scene of the incidence.

Psalm 23 in Pidgin

The Lord na my Shephard, i dey gidigbaa. E make me sidon for wher betta dey flow and come put me next to stream make mai bodi thermacool.

E panel beat mai soul come spray am white, come dey lead me dey go through express road of righteouness sake of hin name
Walahi! If I waka pass where arm robbers,boko haram, 419 and juju people plenty, come even join okada reach valley of the shadow of death sef, mai body dey inside cloth. Your rod and staff nko? Na them dey like back bone dey comfort me.

You don prepare Egusi and Pounded yam with plenty-plenty meat, fish and Ekporoko make I chop. All mai enermies dey look waa waa. You rub me for head wit vaseline intensive lotion.Mai cup na River Niger wey overflow hin bank.

True true, betta life and mercy go gum mai back till I quench. And man pikin go tanda for God house from lai lai to lai lai.

GOD ALMIGHTY NA U BIKO.
Amen!

Nigerians are funny people, @all thats a customized newspaper photo, my friend hav goten a whole lots of em on fb photos album, u can even create urs wit any headlines, funy moderator too!