Ayam yienjoyin d luvin letter

Rhino.5dm:
"Kare jini, biri jini" simply means "No retreat, No surrender"!

jini is Blood

And why was my comment deleted?

Kobojunkie:

Translation is what worries me since this is not the first time.

Why must he be equivocal with his speeches and defenseless in assumed translatioms?

Labaran Maku cited this as an 'example' just to 'encourage' Nigerains to patronize locally made goods... They was no intention to 'advertise' what Jonathan eats... Why cant we just be objective for once?


And 'budget' means a 'prediction' or rough estimate of what might be spent..Besides Aso rock does not house only Jonathan. Im just being objective here before slow pokes will label me a 'pro jonathan'.

werepeLeri: Buhari likes violence - he is blood thirsty - he survives on blood spilled by his supporters and by BH - cant he make a comment without recourse to using the word blood and bloodletting? Tell me.

Is it a punishable offence by the law? I argued with some peeps on why Jonathan hasn't nailed him and some said the constitution or penal code..etc does not spell out actions to be taken from 'inciting statments'... How true?

Kobojunkie:

Translation is what worries me since this is not the first time.

I heard the pub chairman saying Buhari wouldn't had had the intention of meaning what people deduced from his speech because he is a very 'shy man'

How dumb!

luv2talk:
Oh...Really, Dont tell me that you are part of 22Million fools that voted Jonathan not PDP....If i may ask, Do u have better option...Let me know pls

I am... In as much as I dont enjoy his policies, I still enjoy a great deal of freedom. Do you have an idea of the pedigree of thirst for power in Buhari? In my State where I come from, he never even deemed it fit to campaign, so why should/will I vote a man I only heard of his dictatorship exploits?

afam4eva:
It's people like that man that makes people not to vote for Buhari. He was talking as if he was ready for a fight. He even attacked Gbenga Aruleba, the moderator.

Transfered dictatorial blood I guess. Very attacking and factless in his submissions


Did you hear the eloquent view of the PDP's lady? She actually gave objective reasons why Buhari couldn't had won the last elections

norseman2: How money can easily change å man, I use Τ̅☺ respect dt abati O̶̷̩̥̊͡F å man, bt he has sold his soul Τ̅☺ dis clueless govt.

What has Abati got to do with this?

Kobojunkie:

Tell us what he really said now? I mean What did Buhari actually say? I don't believe our journalists because they have a way of twisting talk into something else. However, I want to know what the reporters on ChannelsTV said of this.

Sorry, tuned in late as KICC Church is on now.

Kobo, Buhari's distorted statement that was aired, he only talked about his plan to replicate a standard demonstrated by some Ibana or so people during the last elections, he said they waited for their votes to be counted..But in his closing remarks he said "something will happen" come 2015.. and Ait tried showing his press briefing which he spoke in Hausa but the translation weren't that coherent.


The CPC publicity chairman never denied what Buhari said neither did Buhari counter what the newspapers translated of his speech and that worries me a great deal...

Is nobody watching this? Why hasn't this made the front page?

That baba in Aso oke is not talking but making noise

Tune in now to watch the translation and transmission live

yomola:
and i am saying that the deal was to help the authors make a handsome profit! Which part of the caucus do you belong to sef? you mean you did not get your share?

ofcourse i was left out. Evident of my backbiting.

yomola:
they did o for announcing that the books would be necessary for jamb

noo.. The negociation passed the first reading but failed progress. Besides, we wanted to cover our asses and that of the govt. because we knew the jambites cant leave bb and facebook to study. Consequently we didnt wana register mass failure like that of Neco and Waec!

I am a jamb official. We are very sorry, the authors dint come in with the bribes as expected

~Killz~:
Lmao @ "help" a woman married less than 4 months to escape back to her ex. Chineke!

Help to do what exactly? To carry your cross? To bear the consequences of leaping before looking?

Are you fccking kidding me? When they read you "for better for worse till death do you part" were you pinging?

Were you smoking when you said "I do?"

hehehe i love this. Women actually live in a world of 'video' games. They always wana eat their cake and have it.

Very soon some ediots will begin 2 question how God was created'cos they use their brains'. Why do some stingy fools believe everyone z a scam? They virtually attack all the Pastors irrationally in criticisms. Same devils would accuse pastors of using church money ostentialy and would still fault the ones that owns private business 2 keep up. What exactly d op's ish when he is not scammed by the scheme? Either way if pst. Chris owns d printing firm or not, money would b still spent. I think youll b very useful in stalking bokoharam 2 knw who supplies them fake explosives! Let go and let God abeg, Or prevent u n ur house hold 4rm falling victims!

Why is this not on the front page? The moderators can be so bais sometimes

20EA708A


Andrew pls can you do a search on this?

I came across this article by an economist and I felt i should post this to know what some people think:

On December 10, 2011, if you stopped at the Mobil filling station on Old Aba Road in Port Harcourt , you would be able to buy a litre of petrol for 65 naira or $1.66 per gallon at an exchange rate of $1/N157 and 4 litres per gallon. This is the official price. The government claims that this price would have been subsidized at N73/litre and that the true price of a litre of petrol in Port Harcourt is N138/litre or $3.52 per gallon.

They are therefore determined to remove their subsidy and sell the gallon at $3.52. But, On December 10, 2011, if you stopped at the Mobil Gas station on E83rd St and Flatlands Avenue in Brooklyn, New York, USA, you would be a able to buy a gallon of petrol for $3.52/gallon. Both gallons of petrol would have been refined from Nigerian crude oil. The only difference would be that the gallon in New York was refined in a US North East refinery from Nigerian crude exported from the Qua Iboe Crude Terminal in Nigeria while the Port Harcourt gallon was either refined in Port Harcourt or imported. The idea that a gallon of petrol from Nigerian crude oil cost the same in New York as in Port Harcourt runs against basic economic logic. Hence, Nigerians suspect that there is something irrational and fishy about such pricing. What they would like to know is the exact cost of 1 litre of petrol in Nigeria .

We will answer this question in the simplest economic terms despite the attempts of the Nigerian government to muddle up the issue. What is the true cost of a litre of petrol in Nigeria ? The Nigerian government has earmarked 445000 barrel per day throughput for meeting domestic refinery products demands. These volumes are not for export. They are public goods reserved for internal consumption. We will limit our analysis to this volume of crude oil. At the refinery gate in Port Harcourt, the cost of a barrel of Qua Iboe crude oil is made up of the finding /development cost ($3.5/bbl) and a production/storage /transportation cost of $1.50 per barrel.

Thus, at $5 per barrel, we can get Nigerian Qua Iboe crude to the refining gates at Port Harcourt and Warri. One barrel is 42 gallons or 168 litres. The price of 1 barrel of petrol at the Depot gate is the sum of the cost of crude oil, the refining cost and the pipeline transportation cost. Refining costs are at $12.6 per barrel and pipeline distribution cost are $1.50 per barrel. The Distribution Margins (Retailers, Transporters, Dealers, Bridging Funds, Administrative charges etc) are N15.49/litre or $16.58 per barrel. The true cost of 1 litre of petrol at the Mobil filling station in Port Harcourt or anywhere else in Nigeria is therefore ($5 +$12.6+$1.5+$16.6) or $35.7 per barrel . This is equal to N33.36 per litre compared to the official price of N65 per litre. Prof. Tam David West is right. There is no petrol subsidy in Nigeria . Rather the current official prices are too high. Let us continue with some basic energy economics.

The government claims we are currently operating our refineries at 38.2% efficiency. When we refine a barrel of crude oil, we get more than just petrol. If we refine 1 barrel (42 gallons) of crude oil, we will get 45 gallons of petroleum products. The 45 gallons of petroleum products consist of 4 gallons of LPG, 19.5 gallons of Gasoline, 10 gallons of Diesel, 4 gallons of Jet Fuel/Kerosene, 2.5 gallons of Fuel Oil and 5 gallons of Bottoms. Thus, at 38.2% of refining capacity, we have about 170000 bbls of throughput refined for about 13.26 million litres of petrol, 6.8 million litres of diesel and 2.72 million litres of kerosene/jet fuel. This is not enough to meet internal national demand. So, we send the remaining of our non-export crude oil volume (275000 barrels per day) to be refined abroad and import the petroleum product back into the country. We will just pay for shipping and refining. The Nigerian government exchanges the 275000 barrels per day with commodity traders (90000 barrels per day to Duke Oil, 60000 barrels per day to Trafigura (Puma Energy), 60000 barrels per day to Societe Ivoirienne de Raffinage (SIR) in Abidjan, Ivory Coast and 65000 barrels per days to unknown sources) in a swap deal. The landing cost of a litre of petrol is N123.32 and the distribution margins are N15.49 according to the government. The cost of a litre is therefore (N123.32+N15.49) or N138.81 . This is equivalent to $3.54 per gallon or $148.54 per barrel. In technical terms, one barrel of Nigerian crude oil has a volume yield of 6.6% of AGO, 20.7% of Gasoline, 9.5% of Kerosene/Jet fuel, 30.6% of Diesel, 32.6% of Fuel oil / Bottoms when it is refined.

Using a netback calculation method, we can easily calculate the true cost of a litre of imported petrol from swapped oil. The gross product revenue of a refined barrel of crude oil is the sum of the volume of each refined product multiplied by its price. Domestic prices are $174.48/barrel for AGO, $69.55/barrel for Gasoline (PMS or petrol), $172.22/barrel for Diesel Oil, $53.5/barrel for Kerosene and $129.68/barrel for Fuel Oil. Let us substitute the government imported PMS price of $148.54 per barrel for the domestic price of petrol/gasoline. Our gross product revenue per swapped barrel would be (174.48*0.066 +148.54*0.207+172.22*0.306+ 53.5*0.095+129.68*0.326) or $142.32 per barrel. We have to remove the international cost of a barrel of Nigerian crude oil ($107 per barrel) from this to get the net cost of imported swapped petroleum products to Nigerian consumers. The net cost of swapped petroleum products would therefore be $142.32 -$107 or $35.32 per barrel of swapped crude oil. This comes out to be a net of $36.86 per barrel of petrol or N34.45 per litre.

This is the true cost of a litre of imported swapped petrol and not the landing cost of N138 per litre claimed by the government. The pro-subsidy Nigerian government pretends the price of swapped crude oil is $0 per barrel (N0 per litre) while the resulting petroleum products is $148.54 per barrel (N138 per litre). The government therefore argues that the “subsidy” is N138.81-N65 or N73.81 per litre. But, if landing cost of the petroleum products is at international price ($148.54 per barrel), then the take-off price of the swapped crude oil should be at international price ($107 per barrel). This is basic economic logic outside the ideological prisms of the World Bank. The traders/petroleum products importers and the Nigerian government are charging Nigerians for the crude oil while they are getting it free.

So let us conclude this basic economic exercise. If the true price of 38.2% of our petrol supply from our local refinery is N33.36/litre and the remaining 61.8% has a true price of N34.45 per litre, then the average true price is (0.382*33.36+0.618*34.45) or N34.03 per litre. The official price is N65 per litre and the true price with government figures is about N34 per litre (even with our moribund refineries).

There is therefore no petrol subsidy. Rather, there is a high sales tax of 91.2% at current prices of N65 per litre. The labor leaders meeting the President should go with their economists. They should send economists and political scientists as representatives to the Senate Committee investigating the petroleum subsidy issue. There are many expert economists and political scientists in ASUU who will gladly represent the view of the majority. The labor leaders should not let anyone get away with the economic fallacy that the swapped oil is free while its refined products must be sold at international prices in the Nigerian domestic market.

The government should explain at what price the swapped crude oil was sold and where the money accruing from these sales have been kept. We have done this simple economic analysis of the Nigerian petroleum products market to show that there is no petrol subsidy what so ever. In the end, this debate on petrol subsidy and the attempt of the government to transfer wealth from the Nigerian masses to a petrol cabal will be decided in the streets. Nigerian workers, farmers, students, market women, youths, unemployed, NGO and civil society as a whole should prepare for a long harmattan season of protracted struggle. They should not just embark on 3 days strike/protests after which the government reduces the hiked petroleum prices by a few Nairas. They must embark upon in a sustainable struggle that will lead to fundamental changes. Let us remove our entire political subsidy from the government and end this petroleum products subsidy debate once and for all. It is time to bring the Arab Spring south

Orikinla is a perfect eloquent lair

This orikinla just used a rare opportunity to market himself. Im sure you were happy when someone adressed you as 'sir'? All this jargon does not state reasons we should get married cos you shifted the title to how 'poor dogs get married and pro create' and you serve all as a god helping the ones falling on you for survival. Im most times cerebral and rational in criticizing people yours doesnt deserve any modesty because you dint employ it when you were vmitting your hate cos youve been opportuned to live better off. For NL sake who cares if youve worked under all the foreign organisations or written a book before? Was this thread opened for achievers? Would your going to oxford made you better than other Nders? With all the figures of how much youve spent quoted with any form of shame i think you should stop giving cos you give out of abundance and not from your heart. I owe you apology sir, This is what you get when you misplace 'constructive criticism for the killing of human soul'. Nonsense!!!

That miss PS2 of 2011 wants a PS2 husband


Omo I go trash you if you near me

20EA708A

Joey82:

At least we invented [b][b]Garri[/[/b]b]

You did what

Most of em are Educated illiterates. I dont know what devaluation of the naira will do to Nigerians now than having sanusi's name in record that he devalued the naira during his tenure

Wexelion:

Some people are just univerlistic (no mind my grammer),how many of you has been to both schools yet you can compare them. If you ask me i will like to study at covenant.

Because of the name right?