₦airaland Forum

Sigh.. This country maths dey tire person.
Go make you think say you be mad man

liveLongNprospa:
When did this sudden new news come up larride?

Abi na me manufacture those figures from plenary sessions?

https://www.thisdaylive.com/index.php/2021/08/03/interrogating-nnpcs-fuel-consumption-figures/amp/

That’s from 2yrs ago.

liveLongNprospa:
Lmaoo... Isn't it also funny how the same NNPC said this 9 months ago and maintained it.

[color=royalblue]Lol

I no even dey argue the statement.

I think what he typed is confusing.[/color]

NNPC MD himself said our fuel consumption is lower than what we are currently consuming which suggest diversions.

larride:
https://www.thisdaylive.com/index.php/2021/08/03/interrogating-nnpcs-fuel-consumption-figures/amp/

That’s from 2yrs ago.

From your own post, the NNPC boss and timipre sylva are both lamenting the confusion attached to the figures.

So again who tf is correct?

Because so far what we have that is correct is this

the six (6) Depots contained in the Table 7.2 above, are listed as having received the corresponding PMS as follow: 55,717,867; 258,766,528; 148,766,201; 152,578,186; 432,071,679; and 996,461,978 liters within the year 2017-2022 respectively, whereas they are not on the list of Depots approved for operation in Nigeria


If you factor these numbers.. What at this point is the real number of petrol that is recored that Nigerians consume?
Because we pay subsidy for this.. So who dey responsible?

izzou:
[color=royalblue]Lol

I no even dey argue the statement.

I think what he typed is confusing.[/color]

Wooh.. The maths dey confuse me.
Because the report dey show 6 known depots wey Don thief fuel and NNPC been dey factor am for years into their numbers (which apparently confuses them) as our daily consumption

izzou:
[color=royalblue]I don't understand this paragraph

Or do you mean our fuel consumption is lower than what they are supplying?[/color]

Our consumption has been increasing astronomically since 2013 I believe from 25m suddenly to 60m when the subsidy regime started and private marketers started imported fuel into the country.

Both the NBS, NNPC and even the Minister for petroleum has always provided different numbers that we are consuming a day.

Kyari said we consumed around 60m a day even when close to 100m litres seems to be entering the ground daily. That’s why they are doing trying to put trackers on trucks and some coded projects along the way.

larride:
Our consumption has been increasing astronomically since 2013 I believe from 25m suddenly to 60m when the subsidy regime started and private marketers started imported fuel into the country.

Both the NBS, NNPC and even the Minister for petroleum has always provided different numbers that we are consuming a day.

Kyari said we consumed around 60m a day even when close to 100m litres seems to be entering the ground daily. That’s why they are doing trying to put trackers on trucks and some coded projects along the way.

Larride do you in all honesty believe we consume 60 million litres a day?

izzou:
[color=royalblue]Lol

I no even dey argue the statement.

I think what he typed is confusing.[/color]

I mean we are not consuming up to the amount of fuel NNPC says we are consuming.

Even both NNPC MD and Minister of Petroleum can’t agree on a number.

liveLongNprospa:
Larride do you in all honesty believe we consume 60 million litres a day?

Of course not, I think we consume around 20-30m per day.

The rest is diverted to our neighbors. That has always been known. If you travel to any of our borders, you will see petrol stations there always with product.

larride:
Of course not, I think we consume around 20-30m per day.

The rest is diverted to our neighbors. That has always been known. If you travel to any of our borders, you will see petrol stations there always with product.

So you don't believe the NNPC MD ba?

amoto94 and reccy

your governorship candidate wan fight itsrm and unlimited44 governor

https://www.instagram.com/tv/Csom190BDvB/?igshid=NjFhOGMzYTE3ZQ%3D%3D

[font=serif]Patriots are standing up against Lovers of Nigeria on Twitter.


https://twitter.com/SecFudge/status/1661446971733823500?t=NlzqMn80mC0tZDAx8dZGOw&s=19[/font]

nihilistjnr:
I'm firmly pro-japa, but I have to say that Nigerians don't seem to understand how this system works.

Yes, it is legal immigration, but when you have a family of 7(5 kids, 2 parents) anchoring on a single university admission place for example, you cannot expect the country not to take notice.

It might have slipped the mind of some people, but the UK literally voted to leave the EU, primarily as a means to curb immigration from continental Europe.

At this point, I will like to point out that since 2018, the UK has had 3 Home Secretaries(responsible for managing immigration amongst other things), all of whom have been Indian. I would also like to point out that our Prime Minister is Indian, and although we don't have a first lady, if we did she would be Indian as well, as Rishi Sunak's wife is NOT a British Citizen.

So, the UK is not completely anti-immigration. I would argue that class and economic background underpin more of the discriminatory practices here than Race, and so the issue of immigration blockers isn't necessarily about Nigerians..... it's about the calibre of Nigerians coming here. The UK wants to poach 'the best and the brightest', not really future care workers. This nuance is often lost during conversations at the intersection of racial bias and immigration control - it's why I ALWAYS point to the Indians. These niggas are represented at the highest echelon of decision-making in this country.

The daughter of India's 3rd wealthiest tech billionaire lives in Number 10 downing street with an Indian passport. This point cannot be overstated. My view is that I support all japa artists provided they have a skillset in demand and resources to offer. If you're coming to do care work whilst bringing your wife, 4 kids, and mother-in-law, I still support you in principle, but I won't shed a tear if the bouncers don't let you in.

I also cannot overstate this other point - Keir Starmer, the current head of the centre-left Labour party, the party that black people vote for, the party that is typically pro-immigration....currently thinks the right-leaning Tory Party is TOO SOFT on immigration. That's additional nuance for this discussion.

"Last year international students provided nearly £43bn to the UK economy... They enrich our society & have skills that are proving vital in the post brexit climate... Without a way for overseas students to bring their families, many will opt to go elsewhere." - Carol Monaghan MP pic.twitter.com/5hCQ51fYXG

— Ilemona (@I_Am_Ilemona) May 24, 2023

It seems the Scottish government has an issue with it because of the amount of funding they get for their universities and they fear the ban on families will discourage people from applying to their schools.

🤔

Plus 43 billion pounds is not money the Scottish wants to in anyway part with it seems😁

larride:
Our consumption has been increasing astronomically since 2013 I believe from 25m suddenly to 60m when the subsidy regime started and private marketers started imported fuel into the country.

Both the NBS, NNPC and even the Minister for petroleum has always provided different numbers that we are consuming a day.

Kyari said we consumed around 60m a day even when close to 100m litres seems to be entering the ground daily. That’s why they are doing trying to put trackers on trucks and some coded projects along the way.

we have always had a subsidy. what happened is that under GEJ's admin a large number of briefcase/ shell company marketers entered into the system. this was never fully addressed.

ironically or unironically, i believe mofe boyo of oando is slated to become petroleum minister. people may start having to actually account for these ridiculous numbers rather than just pull them out of their asses with no consequences

raumdeuter:
amoto94 and reccy

your governorship candidate wan fight itsrm and unlimited44 governor

https://www.instagram.com/tv/Csom190BDvB/?igshid=NjFhOGMzYTE3ZQ%3D%3D

Is it my phone or the link cuz the video is not audible.
This one nah clown sha...
He is just too desperate and frustrated.....

Make dem open field for them nah, wike go
beat nonsense comot im body.


Kogi don suffer sha. From bello to Dino.....

larride:
Our consumption has been increasing astronomically since 2013 I believe from 25m suddenly to 60m when the subsidy regime started and private marketers started imported fuel into the country.

Both the NBS, NNPC and even the Minister for petroleum has always provided different numbers that we are consuming a day.

Kyari said we consumed around 60m a day even when close to 100m litres seems to be entering the ground daily. That’s why they are doing trying to put trackers on trucks and some coded projects along the way.

I once dropped a link of what my guy Ndubuisi Ekekwe has to say about tracking tankers to actually get a true and fair picture of what we actually consume . The guy proposed how to actually track what we consume and how we should plan for it. He never got a call of mail from Buhari’s government ; they are cool with listening to Kyari’s stories without any verifiable evidence to back it up .

Nigeria’s problem is that a whole lot of decision makers are politicians and they think the political effect of their actions is more important than the actual and factual effect . 🤦‍♂️

BlueRayDick:
I once dropped a link of what my guy Ndubuisi Ekekwe has to say about tracking tankers to actually get a true and fair picture of what we actually consume . The guy proposed how to actually track what we consume and how we should plan for it. He never got a call of mail from Buhari’s government ; they are cool with listening to Kyari’s stories without any verifiable evidence to back it up .

Nigeria’s problem is that a whole lot of decision makers are politicians and they think the political effect of their actions is more important than the actual and factual effect . 🤦‍♂️

it always irks me when the average nigerian tries to turn the major marketers into the villains/boogeymen in the subsidy issue.

a lot of investment and infrastructure was required and enforced before you could get a license to import products for subsidy

it was and is a complete breakdown of order at PPMC and as we alwasy do, a complete lack of consequences, for both the shell importers and those who signed off on their documents

Tomorrow, the first Nigeria Air aircraft will land in Naija. Just in time for Sirika to claim that the airline was launched before Buhari left office 😂

PDPGuy:
Tomorrow, the first Nigeria Air aircraft will land in Naija. Just in time for Sirika to claim that the airline was launched before Buhari left office 😂

They probably just leased and branded a plane. Hopefully this is one of the first things Tinubu will scrap.

AS he departs for his Daura, Katsina State home, the President, Major General Muhammadu Buhari (retd.), bequeaths a tortured legacy of economic devastation. Its highlights are record levels of unemployment, poverty, inflation, hunger, and despair. Though the regime has been making claims of achievements across all sectors, the reality of poverty and joblessness intrude stubbornly into its narrative. For many, his regime represents the worst era of economic privation ever witnessed in the country since independence.

Contemporary figures tell the story succinctly. At the United Nations threshold of $1.90 per day, nearly 12 per cent of the world’s population living in poverty today dwells in Nigeria, declares Statista. Global consultancy, KPMG, in its Global Economy Outlook Report, estimates the country’s jobless rate in 2022 at 37.7 per cent, and projects this to stand at 40.6 per cent this year. Experts forecast inflation to spike even higher if the government follows through on the promised withdrawal of petrol subsidies next month, provoking more job losses, hunger, and poverty.




Buhari met a battered economy, with sharp drops in public revenue, bogged down by over-reliance on oil and gas receipts, low tax receipts and huge fiscal leakages, and skirting recession. But bewildered by the complexities of managing a modern economy, insular and statist, and distancing himself from experts, he failed to take the necessary bold measures. Instead, he applied outdated, ineffectual measures. The result was two recessions on his watch, huge debts, energy crises, capital flight, a foreign exchange crisis, a crashing currency, decline in foreign direct investment, production slowdowns and poverty.

Nigeria’s downward economic trajectory preceded the regime. Previous governments had for long been running the country aground. His immediate predecessor, Goodluck Jonathan, crowned his rudderless tenure by bungling the 2013 power sector asset sales, thereby denying the country of a major engine to facilitate an economic rebound. Prices of oil, the country’s mainstay, had been falling since mid-2014, thus putting government’s finances in a precarious state.

The National Bureau of Statistics said more than eight million Nigerians were unemployed in 2015 (10.44 per cent of the labour force). This was worrying enough to make voters reject Jonathan at the polls on Buhari’s promise, among other considerations, to reverse unemployment. When he took over, another 13.5 million people were considered underemployed; that is those working for less than 40 hours per week, or in jobs that underutilise their qualifications.

But soon, according to NBS figures, the unemployment rate rose steadily, reaching 23.1 per cent in 2018 and sharply to 33.3 per cent in 2020. Bloomberg reported in March 2021 that Nigeria briefly surpassed South Africa on a list of 82 countries whose unemployment rates were tracked, with Namibia leading with 33.4 per cent.

Only 20.7 million persons between the ages of 15 to 64 were willing and able to work and actively seeking work, added the NBS, compared to 19.6 million in Q2 2015 and 17.7 million in Q1 of the same year.


[b]In the youth segment, the situation is explosive. A report by The Spectator Index, a financial news online source, stated that 53 per cent of Nigerian youths were unemployed, making the country the second worst in the world, behind South Africa, which has a 61 per cent youth unemployment rate.

The youth unemployment rate is expected to rise to 58 per cent by the end of this quarter, according to Trading Economics. In a country with the youth accounting for over 60 per cent of the population, this could spell disastrous consequences.

Unemployment has continued to be a challenge due to the slower-than-required economic growth and the inability of the economy to absorb the estimated over four million new entrants into the Nigerian job market every year.

Buhari had initially promised to provide three million jobs yearly through “public works programmes and shifting the economy towards value-added production.” This would have delivered 24 million jobs in eight years. He could not deliver.[/b]

Poverty is raging. NBS research indicates that the poverty rate that had risen to 61 per cent by 2012, increased to about 69.01 percent by 2015. In 2018, three years into Buhari’s tenure, Nigeria replaced India as the world’s poverty capital, according to the ranking by the World Poverty Clock, and held it for four years until the Asian country regained its title in 2022.

The NBS sealed the regime’s legacy when it released its Multidimensional Poverty Report 2022 that it had undertaken with support from several other national and international bodies, showing that 133 million Nigerians are ‘multi-dimensionally’ poor.

Hunger is its companion. Nigeria was ranked 103 out of 121 countries in the 2022 Global Hunger Index. It ranked 103 out of 116 countries in 2021 and 98 out of 107 countries in 2020. The UN Food and Agriculture Organisation has warned that 25 million persons in the country face the threat of hunger from the second half of this year.


Even before the COVID-19 crisis, the World Bank in its 2021 Poverty and Equity Brief said, “Around four in 10 Nigerians were living in poverty and millions more were vulnerable to falling below the poverty line, as economic growth was slow and was not inclusive.”

A further 31.9 per cent of Nigerians had consumption levels between $1.90 and $3.20 per person per day, making them vulnerable to falling into extreme poverty. Given continued oil dependence, rapid population growth, and limited job creation, Nigeria has struggled to invigorate the broad-based growth needed to tackle poverty.

Indeed, there were factors beyond the country’s control. Apart from volatile oil prices, and inherited distortions in the economy, the world since 2020 has been reeling from the aftershocks of the COVID-19 pandemic, and the Russia-Ukraine War. Climate change, floods and insecurity have made recovery, job creation and poverty alleviation tougher.

The World Bank had forecast that the COVID-19 and oil price crises could push around 10 million additional Nigerians into poverty by 2022. The UN Department of Economic and Social Affairs reported that the global unemployment rate rose from 5.4 per cent in 2019 to 6.5 per cent in 2020; the number of unemployed persons rose by 33 million to 220 million.

Nigeria, however, had ample opportunity to rebound. But Buhari repeatedly made mistakes, opted for wrong choices, and ignored expert input. When in an economic hole, development experts advise reaching for the ‘low-hanging fruits.’ Buhari did not; had he reinvigorated the privatisation and liberalisation programme, privatising the loss-making moribund refineries, concessioning viable airports, concessioning the ports, the Ajaokuta Steel Company and other state-owned steel assets, he would have unleashed a floodgate of investment, job creation and competition. These have been proven over decades across the world. These measures would also free funds for investment in social services and critical poverty-alleviation interventions.

His various poverty-reducing intervention schemes—such as Trader Moni, Farmer Moni, Empower and others – were expensive but had limited impact. Buhari did not partner closely with the organised private sector as required in an economy on the ropes. He surrounded himself with cronies with statist instincts like himself, locking out alternative ideas.

By failing to tackle insecurity, agriculture, transportation, and manufacturing suffered. These, along with inflation and the energy and foreign exchange crises crippled SMEs which together with agriculture are the largest creator of jobs and defence against poverty.

Buhari had said in 2019 that he aimed to initiate policies that would lift 100 million Nigerians out of poverty over 10 years, and in June 2021, he claimed to have lifted 10.5 million Nigerians. This was shortly disproved by the World Poverty Clock report showing that indeed more Nigerians slipped into poverty. On the same day Buhari professed to have dragged over 10 million out of poverty in two years, the number of Nigerians living on less than $1.90 daily was revealed to have risen by 41 per cent.

The regime’s several poverty alleviation programmes, from SURE-P to conditional cash transfers and the like, did very little. They were cosmetic and some threw up scandals.

The government has not done enough to plug revenue leakages. Remittance of statutory funds to the Federation Account by many agencies is low. The House of Representatives identified over 60 government agencies that failed to remit funds. The Nigerian National Petroleum Company admitted that it did not fund the account throughout 2022. Such behaviour deprives the government of funds for investment in the economic and social sectors.

In the end, Buhari’s eight years have deepened poverty and joblessness. The millions of youths without jobs, with a few fleeing abroad, others roaming the streets or engaging in menial jobs tell the story; so do the millions of poor struggling to survive in a country and under a regime that had failed them. They will not miss him.

Source- Punch Newspaper Editorial 25th May 2023

GloriousGbola:
we have always had a subsidy. what happened is that under GEJ's admin a large number of briefcase/ shell company marketers entered into the system. this was never fully addressed.

ironically or unironically, i believe mofe boyo of oando is slated to become petroleum minister. people may start having to actually account for these ridiculous numbers rather than just pull them out of their asses with no consequences

It’s a racket from deep inside NNPC, politicians and the private marketers.

If Mofe Boyo is from Lagos or Ogun, I doubt how that will work.

BlueRayDick:
I once dropped a link of what my guy Ndubuisi Ekekwe has to say about tracking tankers to actually get a true and fair picture of what we actually consume . The guy proposed how to actually track what we consume and how we should plan for it. He never got a call of mail from Buhari’s government ; they are cool with listening to Kyari’s stories without any verifiable evidence to back it up .

Nigeria’s problem is that a whole lot of decision makers are politicians and they think the political effect of their actions is more important than the actual and factual effect . 🤦‍♂️

Wait, I thought nnpc has implemented this already?

raumdeuter:
amoto94 and reccy

your governorship candidate wan fight itsrm and unlimited44 governor

https://www.instagram.com/tv/Csom190BDvB/?igshid=NjFhOGMzYTE3ZQ%3D%3D

Wike no get this one time till after Kogi elections. Everyone except Dino himself knows he will lose

BlueRayDick:
Source- Punch Newspaper Editorial 25th May 2023

Lmaoo

People that say we don't celebrate good news.
How do you celebrate news for something that comes at the cost of your future.

He built railway (through loans and you have to wonder how long it will actually take to pay back those loans) .. Insecurity toppled that to the point people are now scared of using rails.
This is just one example.

The man closed borders in one of the most archaic economic policies a president in a growing economy can make and I don't need to tell us how we've not recovered from that.

The roads he constructed that was used with loans still will be paid back by future generations.
Power generation that I had fucking hopes for.. Even to ramp it up to just abit is impossible.
Na when e dey go e finally sign policy for states to up generation of which we don't know when those ones will actually start showing working.

So after 8yrs of this you wonder why alot of Nigerians see projects from buhari and are more skeptical about what we gave up to have that and if it was worth it.

I won't even talk about security sef or the loss of life (which is the most important thing of any FG) but as usual when you begin to post the number of killings in just the middle-belt alone, you'll have patriotic idiots come and tell you "don't be posting only bad news"

Anyways good riddance to this colossal dross of a president 👍

BlueRayDick:
Source- Punch Newspaper Editorial 25th May 2023

That last part..

Monerozi5590 and his fellow monerozi5590s will miss him alot

larride:
Wait, I thought nnpc has implemented this already?

The issue has never been implementation.
It has always been the absence of consequence management.

That's the problem.

larride:
It’s a racket from deep inside NNPC, politicians and the private marketers.

If Mofe Boyo is from Lagos or Ogun, I doubt how that will work.

the man is itsekiri. from the nd proper.

he was supposed to be petroleum minister but buhari gonna buhari

most of the people involved in the subsidy scam are not marketers. they were literally shell companies set up and awarded contracts without meeting the basic criteria - depot and fleet of filling stations. before all this nonsense started you had to have at lest 400 stations before you qualified for subsidy.

the actual marketers were really really pissed off at the whole subsidy scam.

https://www.amazon.com/Pitakwa-Boy-collection-short-stories/dp/B0C524MKGP/ref=mp_s_a_1_2?crid=1YGEPIF9YTW48&keywords=pitakwa+boy&qid=1685001741&sprefix=pitakwa+boy%2Caps%2C527&sr=8-2




Pitakwa Boy is on Amazon, for our abroad brethren.

Thank you, everyone, once again.



Yoi can Also just search for Pitakwa Boy on Amazon.

Oga Ibime sir, I've done as you asked ☺️

This one waited till he was done 😂😂

https://www.google.com/amp/s/www.vanguardngr.com/2023/05/keyamo-to-buhari-its-unconstitutional-to-appoint-minister-of-state-2/amp/

This was such a glorious day😂😂😂.
Atedo Peterside just dey talk e own dey go😁



https://www.youtube.com/watch?v=ah3yIVTEiC8