₦airaland Forum

tbarrister:
You think you're wise but you're actually a slowpoke if you truly believe in the rubbish you posted.

Have you heard of per capita income or wealth distribution? In case you don't know , if you have 100 billion dollars revenue to take care of your 18m population that rely on oil. You can basically declare free education, free housing, free allowances for citizens etc as it was done in libya during maummar gadaffi. If you have 200 million people relying on oil then you might have a problem satisfying their needs as the revenue will inevitably be spread thin due to the geometrical population growth . The bigger the population the bigger the population increase , if not controlled.


Dude our population is one of our problems , there is a reason China used the one child policy to control its population before they emerged as a superpower.

If you have 2 kids , you can sponsor them to the highest level in the best schools and even support their careers financially but if you have 10 kids , you'll have to give them low quality education, little or no support and they will just put pressure on the system because they're unskilled.

When your country discovered oil your population was not 200million, have sense

Even 1naira was 0.5dollars..
It was never about the population,

jmoore:
Claim A claim by IPMAN that Nigeria has the cheapest petrol in Africa made headlines.
The National Public Relations Officer of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Yakubu Suleiman, has said that even with the sudden hike in the pump price of petrol in Nigeria, the country still has the cheapest price of the
product among other African countries.


Verification A quick check in Libya shows that the price of octane-95 gasoline is 0.15 Libyan Dinar per liter. 0.15 Libyan dinar is 0.032 dollars which is 25 naira.

https://www.globalpetrolprices.com/Libya/gasoline_prices/

Verdict: Libya has the cheapest petrol in Africa

Price of Petrol in Chad as at yesterday is N548 per litre while diesel is N518 per litre.
People use more of diesel car over there.
6kg gas is equivalent of N2000

PapaNnamdi:
When your country discovered oil your population was not 200million, have sense

Even 1naira was 0.5dollars..
It was never about the population,

It was not 200m but it is above 200m now. You have no basic knowledge in economics if you don't know how uncontrolled population growth can destroy the economy in the long run . Why do you think countries like qatar, kuwait, Venezuela, Libya can subside their fuel so low and we can't? Because they have a small population compared to ours and so their fuel consumption/subsidy will be lower.


How can we compare a country taking care of 18m people with that taking care of 200m if given same resources.

nicedayontop:
Is Libya importing petrol like Nigeria? Definitely not.

That is not the issue. The issue is the outright lies from the propagandist.

Between Libya did not stop Nigeria from refining their own crude.

tbarrister:
How can we compare a country taking care of 18m people with that taking care of 200m if given same resources.

But when you guys want to justify the high price you will be quick to compare with UK with less than 62m people.

tbarrister:
It was not 200m but it is above 200m now. You have no basic knowledge in economics if you don't know how uncontrolled population growth can destroy the economy in the long run . Why do you think countries like qatar, kuwait, Venezuela, Libya can subside their fuel so low and we can't? Because they have a small population compared to ours and so their fuel consumption/subsidy will be lower.


How can we compare a country taking care of 18m people with that taking care of 200m if given same resources.

If given the same resources? 8 years, billions were spent to revive Nigerian refineries. None of the refinery worked. You guys should stop using population as a coverup for the corrupt leaders.

Egypt that is half of Nigerian population generates 59,000 megawatts. If population is a key factor, Nigeria should be generating at least 29,000 megawatts. But Nigeria is struggling to generate 5,000
megawatts.

nairalanda1:
Libya also has

6.8 million people

1.27 million barrels of crude a day...that translates to 101.6million dollars a day...

Which means if we split the money among Libyans that's about 15 dollars per libyan per day


Nigeria has

220 million people

1.6 million barrels of crude a day...that translates to 128 million dollars per day (more than Libya..but wait)

Which means if we split the money among Nigerians we get...0.6 dollars per day.


For Nigeria to be as rich as Libya we have to have a population of just 10 million people...a day.


That is why Libya can afford to keep fuel at N25 per liter.

Let's assume you are saying the truth with your claims.
But does that validate what IPMAN said?

tbarrister:
It was not 200m but it is above 200m now. You have no basic knowledge in economics if you don't know how uncontrolled population growth can destroy the economy in the long run . Why do you think countries like qatar, kuwait, Venezuela, Libya can subside their fuel so low and we can't? Because they have a small population compared to ours and so their fuel consumption/subsidy will be lower.


How can we compare a country taking care of 18m people with that taking care of 200m if given same resources.

When you had less than 200m population you did not invest in infrastructure

The dams the refineries were all your colonial masters brain child,
You come here to blame population as the problem limiting development
If 1 refinery was built ever 2years from the 70s, the you know how much Nigeria will make selling pms to African countries?? That's just refinery

Car assembly plant, phone Assembly plants

Woh, you no knw anything

Most countries have infrastructure but have no population to man them,

Why do they have more infrastructure than population, ?

tbarrister:
It was not 200m but it is above 200m now. You have no basic knowledge in economics if you don't know how uncontrolled population growth can destroy the economy in the long run . Why do you think countries like qatar, kuwait, Venezuela, Libya can subside their fuel so low and we can't? Because they have a small population compared to ours and so their fuel consumption/subsidy will be lower.


How can we compare a country taking care of 18m people with that taking care of 200m if given same resources.

Ibori is about to forfeit another 100million pounds,

What do you think will happen to that money,

Al the abacha refunds, what were they used for
These are stolen oil money that would have been put into infrastructure,
Those infrastructure would have put Nigerias currency on the map with world powers..

You dey talk say oil money no reach population,

What nonsense

nairalanda1:
Libya also has

6.8 million people

1.27 million barrels of crude a day...that translates to 101.6million dollars a day...

Which means if we split the money among Libyans that's about 15 dollars per libyan per day


Nigeria has

220 million people

1.6 million barrels of crude a day...that translates to 128 million dollars per day (more than Libya..but wait)

Which means if we split the money among Nigerians we get...0.6 dollars per day.


For Nigeria to be as rich as Libya we have to have a population of just 10 million people...a day.


That is why Libya can afford to keep fuel at N25 per liter.

Let me also help you further
Nigeria made $45bn from oil revenue alone in 2022 while Libya's total revenue as a country is $28bn.
Still Libya is able to fund it's govt and public infrastructure seamlessly while Nigeria is giving excuses why they can't.

PapaNnamdi:
When your country discovered oil your population was not 200million, have sense

Even 1naira was 0.5dollars..
It was never about the population,

Besides, that 200m population is a big lie. We have 200m yet less than 25m people voted in an election with 4 frontline candidates with very high ethno-religious interest? Plssss

nicedayontop:
Is Libya importing petrol like Nigeria? Definitely not.

Is Libya stopping your leaders from refining their God-given crude oil locally? Blame game doesn't solve any problem.

Risentouch:
Let's assume you are saying the truth with your claims.
But does that validate what IPMAN said?

Nope...

Kukutente23:
Besides, that 200m population is a big lie. We have 200m yet less than 25m people voted in an election with 4 frontline candidates with very high ethno-religious interest? Plssss

I have said it severally, Nigerian population may not be upto 150m. We like padding everything even to our detriment.

Kukutente23:
Let me also help you further
Nigeria made $45bn from oil revenue alone in 2022 while Libya's total revenue as a country is $28bn.
Still Libya is able to fund it's govt and public infrastructure seamlessly while Nigeria is giving excuses why they can't.

Because Libya at the end has 6.8 million people, while we have 220 million people.

Some years ago, Pakistan had the same GDP as New Zealand...yet New Zealand is rich because Pakistan has 14 times New Zealand's populaiton

Then add the fact that we are as reliant on oil as the Libyans..meaning we are broke...then the looters steal and steal and steal...

The above figures show that Nigeria is in a bad state, and that government has failed.

nairalanda1:
Because Libya at the end has 6.8 million people, while we have 220 million people.

Some years ago, Pakistan had the same GDP as New Zealand...yet New Zealand is rich because Pakistan has 14 times New Zealand's populaiton

Then add the fact that we are as reliant on oil as the Libyans..meaning we are broke...then the looters steal and steal and steal...

The above figures show that Nigeria is in a bad state, and that government has failed.

Your claim is nonsensical because the US, China, India all subsidise their economies and they have bigger population than Libya.
China paid $2.2trn as subsidy to refineries in China in 2020 alone. What's your excuse this time around

Besides, if you agree that looters are looting and the govt has failed, who should bear responsibility for that? Those in govt or ordinary citizens?

Kukutente23:
Your claim is nonsensical because the US, China, India all subsidise their economies and they have bigger population than Libya.
China paid $2.2trn as subsidy to refineries in China in 2020 alone. What's your excuse this time around

Besides, if you agree that looters are looting and the govt has failed, who should bear responsibility for that? Those in govt or ordinary citizens?

US , China and India all have diversified economies, and higher tax income than Nigeria does. Thus they can subsidize. They also do not subsidise the way we do. As you can see, they pay subsides to the manufacturer, and not end user as it is.

nairalanda1:
US , China and India all have diversified economies, and higher tax income than Nigeria does. Thus they can subsidize. They also do not subsidise the way we do. As you can see, they pay subsides to the manufacturer, and not end user as it is.

Nigeria does not pay subsidy to the end user. Nigeria pays subsidy to the importers since we have no manufacturers. This fact falls flat in the face of your earlier claim that it's subsidy that killed our refineries. Why did subsidy not kill China's refineries?
Your new excuse is diversified economy. Is Libya's economy diversified. Whose fault is it that Nigeria's tax income is low if not the elites who refuse to pay tax and loot the little that's paid?
If US, China and India have a looting elite like ours, they won't be able to pay subsidies and will instead employ propagandists like you to defend them!

Kukutente23:
Nigeria does not pay subsidy to the end user. Nigeria pays subsidy to the importers since we have no manufacturers. This fact falls flat in the face of your earlier claim that it's subsidy that killed our refineries. Why did subsidy not kill China's refineries?
Your new excuse is diversified economy. Is Libya's economy diversified. Whose fault is it that Nigeria's tax income is low if not the elites who refuse to pay tax and loot the little that's paid?
If US, China and India have a looting elite like ours, they won't be able to pay subsidies and will instead employ propagandists like you to defend them!

k.

Kukulenta is back!

You should go and meet your friend Tinubu to answer that, since you all were together at Ojota in 2012

Move along now.

nairalanda1:
k.

Kukulenta is back!

You should go and meet your friend Tinubu to answer that, since you all were together at Ojota in 2012

Move along now.

Who is kukleta?
I'm interrogating your claims and you're looking for excuses. You ran out of excuses and your invoking names?
I think it's OK to accept when facts prove you wrong

Kukutente23:
Who is kukleta?
I'm interrogating your claims and you're looking for excuses. You ran out of excuses and your invoking names?
I think it's OK to accept when facts prove you wrong

Nope, you are wrong, and you are also wrong about me, kukutenta old boy.

Now that I know who you are, go meet your friend Tinubu. You were there together at Ojota now.

And you are free to prove me wrong, as 99.999 percent of people on this site support subsidy and thus agree with you.. I'm probably the only one who thinks it is wrong. And who doesn't like the fact.

But hey, you are popular, so why are you worried about me ? I'm not in it for the likes. If everyone thinks I am wrong, so far as I know I am right, I'm all right. You on the other hand, are paying too much for stress over what one unpopular person thinks.

Stop taking this site serious...and relax!

nairalanda1:
Nope, you are wrong, and you are also wrong about me, kukutenta old boy.

Now that I know who you are, go meet your friend Tinubu. You were there together at Ojota now.

And you are free to prove me wrong, as 99.999 percent of people on this site support subsidy and thus agree with you.. I'm probably the only one who thinks it is wrong. And who doesn't like the fact.

But hey, you are popular, so why are you worried about me ? I'm not in it for the likes. If everyone thinks I am wrong, so far as I know I am right, I'm all right. You on the other hand, are paying too much for stress over what one unpopular person thinks.

Stop taking this site serious...and relax!

How are you right? You just claimed subsidy works in China because they subsidise manufacturers (refineries) while you earlier claimed subsidy killed our refineries.
How come according to your "rightful" analysis, it is only in Nigeria that subsidy kills refineries? Any mitigating factors?

Kukutente23:
How are you right? You just claimed subsidy works in China because they subsidise manufacturers (refineries) while you earlier claimed subsidy killed our refineries.
How come according to your "rightful" analysis, it is only in Nigeria that subsidy kills refineries? Any mitigating factors?

LOL....better keep talking. . I'm out , Kukutenla dear chap.!
I'm not in this for the likes, and popularity. You are.

nairalanda1:
LOL....better keep talking. . I'm out , Kukutenla dear chap.!
I'm not in this for the likes, and popularity. You are.

Don't run away. Be a man. You have been providing excuses from thread to thread. Explain this one too. Why is subsidy only bad in Nigeria even to the extent of killing refineries while it helps refineries in China?

jmoore:
Who is bankrolling you?

When will you get tired of this?

He gave you facts

anonymous1759:
He gave you facts

Obama was the president of USA. How is this fact relevant to the topic?

Twice that fake info from Tinubu supporters on this topic have made frontpage and mods don't want to put this fact check on frontpage.