₦airaland Forum

bentenny:
Are you answering the question for him?
If U r let me know so that I can direct it at U!

Okay, say hi to Lilith for me

nairalanda1:
Okay, say hi to Lilith for me

This was his response to the sufferings of Nigerians....

Stop moaning.

Petrol sells for equivalent of N3100/litre in Great Britain.
Lol.

This was my response...

what is the minimum wage of great Britain.....?

U can now respond to my inquiry!
No long story!

merits:
No be lie

T-pain really mean business oo.

Emmanuel900:
Your poverty rate is literally the same as that of south west, but if we consider the fact that half of your population are not living in your region but a big burden to other region, you are the most backward region in Nigeria.

All those nwa boys in south west and the one hawking gala and fan yogo from ebonyi if you add them you will see that the statistics is not really favouring you and no you don't have more indigenous companies more than south west, gdp per capital and richest and Middle class more than south west, only propaganda from IPOB bureau of statistics.

Nwa boy compared to your amajiri 😆 🤣, what propaganda?, it took just few years after the war for the East to overtake you guys in Education, hawking in the streets still better than slaughtering yourselves for human spare parts, tufiakwa

Emetex22:
Nwa boy compared to your amajiri 😆 🤣, what propaganda?, it took just few years after the war for the East to overtake you guys in Education, hawking in the streets still better than slaughtering yourselves for human spare parts, tufiakwa

Overtake Yoruba in education ? in your delusional mind lol, even the recent list of top scientists from Nigeria was dominated by Yorubas with no single Igbo on the list, what about best institutions in Nigeria, all dominated by institutions in south west, WAEC ? South west have the highest numbers of students that sat and passed WAEC every year, JAMB ? Yoruba was the highest scorer in the last one.

nairalanda1:
Nigerians don't get it...if you want the goods and services you want, you have to pay those who provide it a price that would enable them to afford to make their expenses be paid off, pay for the maintenance of production facilites, pay for transport, pay for taxes, pay staff gorgeous salaries, and still earn something to make a living

Paying subsidies and enacting price controls is a nice way of enabling corruption and a large mess. NO profit, people stealing money, etc...wahala starts.

The Soviets subsidised food, petrol and everything....until 1991, when they ran out of money, and began to break up.

You are the one that doesn’t get it. Can you explain to us what the issue between NNPC, Dangote, Independent marketers? What is the plan from the minister of petroleum to address incessant PMS scarcity?

nairalanda1:
And should you , assuming you were selling rice, sell it to Nigerians at fifty naira for a 50kg bag because we are all.poor and suffering under tpain?

The issue more than the cost to Nigerians is that people are asking for solutions. What’s the way out of this mess? Nigerians are right to ask about their local refineries. It’s a valid question. We have crude oil but we import PMS. Is there any concrete plan to address this malaise?

If you say the problem with refining locally is the subsidy regime that has gone on for decades, my question to you is simple: Is it impossible to reduce the subsidy progressively while getting the refineries to full working capacity. And while at it, NNPC would communicate clearly the true state of things. Firstly, the fact that they are still subsidizing (which they still deny) because of excessive devaluation of the naira, then they will also communicate clearly their plans to progressively come to a certain point where the price of PMS is commensurate with landing costs.

Then they won’t stop there. They will also have a clear roadmap for fixing the local refineries. We get told every now and then that Port Harcourt refinery is about to start producing even since last administration but every time, it ends up being a joke.

You cannot claim that refineries are not working because of the subsidy regime. IF THERE ARE PEOPLE SABOTAGING GOVERNMENT’S EFFORTS TO LOCALLY PRODUCE, WHO ARE THEY? WHO HAS BEEN BROUGHT TO BOOK? ARE THEY MORE POWERFUL THAN GOVERNMENT THAT WEILDS STATE POWER AND HAS THE INSTRUMENTS OF COERCION AT ITS DISPOSAL? Do you expect that a Sesan or Mohammed or Chike by the roadside will deal with unscrupulous elements trying to profit at the expense of the state? No! Government has to stand tall.

You cannot blame subsidy regime for non-functional local refineries. Are the government officials not complicit in this oil theft matter? The latest we are hearing is the APC chairman in Edo state involved in this shady stuff. THE SOLUTION TO LOCAL REFINING IS A STRONG POLITICAL WILL NOT ENDING OF THE SUBSIDY REGIME.

nairalanda1:
If I was a customer of yours and you were selling bread at N1200 per loaf, should I take your loaf and pay you N100 for it because 'the minimum wage is N70000 and i am poor?"

Don’t be deceived. The reason why this government wants to end subsidy regime is not because they are thinking about the future of r because they want to do the right thing. The real reason why they are now interested in removing that burden is because of a drastic decline in revenues as a result of lower crude production. They didn’t really mind a subsidy regime which was a cesspit for corruption as long as there was enough revenue coming in.

They need to channel all their energies, resources, intellectual capacities, political might and will to see to it that local refineries work. It can be done.

nairalanda1:
Because over the years, subsidizing fuel meant that it became unprofitable to produce fuel here, so importing resulted

As an example,.see Venezuela. Fuel is subsidized there to the point that it is free..meanwhile refining capacity has massively fallen as a result.

And it has nothing to do with sanctions. The rot started before the sanctions came into place. And last time I checked, nnpc was not running their refineries there. Nor did they have leaders from Nigeria running their country.

If you were a baker and it cost you 2000 to bake one loaf of your famous bread, and government came in and asked you to sell that bread at 20 naira to help the masses and paid you a subsidy that does not cover the loss,won't your bakery pack up?

Plus subsidy encourage corruption. One can declare any amount as expense from losses and chop the money.


Business needs profit to function. Refinery business is not cheap

Sorry but it is naive of think that subsidy removal will automatically bring financial discipline in running the operations of NNPC and by extension the refineries.

Right now there are lawsuits against NNPC of missing monies, unremitted monies. While I understand that NNPC is pressured financially, there is a lot of corruption happening inside such that subsidy removal will only transfer that burden to the average Nigerian.

Subsidy removal will not change bad character or political weakness to clamp down on unscrupulous elements. That one is squarely on the table of the minister of petroleum and if he sleeps on it, either willingly or unwillingly, then the problem will remain, subsidy removal or not.

nairalanda1:
Nigerians don't get it...if you want the goods and services you want, you have to pay those who provide it a price that would enable them to afford to make their expenses be paid off, pay for the maintenance of production facilites, pay for transport, pay for taxes, pay staff gorgeous salaries, and still earn something to make a living

Paying subsidies and enacting price controls is a nice way of enabling corruption and a large mess. NO profit, people stealing money, etc...wahala starts.

The Soviets subsidised food, petrol and everything....until 1991, when they ran out of money, and began to break up.

This is a naive take I have to say. Nigerians are not unwilling to pay for goods and services. They are saying that the cost of the said goods need not be that high if the government is serious. There is no problem with the state running an organization if there is accountability and responsibility. It’s not a roadside mechanic that would ensure that NNPC is run corruption free. Saudi’s Aramco is owned (80-90%) by the Saudi government and they run 5 refineries wholly.

These excuses that government cannot do it has to stop. If you claim they cannot do it, you are aiding and abetting their crimes. NNPC are not demonstrating trustworthiness. We cannot just fold our arms and accept price increases when there is monumental corruption and opaqueness in their operations.

If these kinds of shenanigans are happening in Aramco there would be sack letters and heads will roll. You cannot call yourself the minister of petroleum and the sector is having a monumental mare under your watch. It’s unacceptable no matter how you stylishly make an excuse for government incompetence.

nairalanda1:
Because over the years, subsidizing fuel meant that it became unprofitable to produce fuel here, so importing resulted

As an example,.see Venezuela. Fuel is subsidized there to the point that it is free..meanwhile refining capacity has massively fallen as a result.

And it has nothing to do with sanctions. The rot started before the sanctions came into place. And last time I checked, nnpc was not running their refineries there. Nor did they have leaders from Nigeria running their country.

If you were a baker and it cost you 2000 to bake one loaf of your famous bread, and government came in and asked you to sell that bread at 20 naira to help the masses and paid you a subsidy that does not cover the loss,won't your bakery pack up?

Plus subsidy encourage corruption. One can declare any amount as expense from losses and chop the money.


Business needs profit to function. Refinery business is not cheap

I’m sorry for having to counter your posts over and again but the temptation is too strong. Zeroing in on the bolded part of your post, you have to specify the impact of subsidies on private sector refining differently from the impact of subsidies on public sector refining.

You claim that the subsidy regime has impacted local refining over the years but that applies to the private sector. Because of price regulations they cannot come in and invest due to a lack of assurance of profitability. I understand that.

But what about the public sector: are you saying that subsidy regime has curtailed them from being able to meet their combined refining capacity of over 400,000 barrels per day? No. Because they are not seeking endless profit maximization like the private sector, they have a different focus - production efficiency (lower costs), product availability and perhaps a fair margin to ensure that the organization runs sustainably by itself.

Is it impossible to achieve this? No. Why is it not being achieved and people still have their positions without any fear? Is there someone in charge of the petroleum sector? These are the questions to ask.

In summary, if government is the one subsidizing fuel importation when it could afford it, whilst working and employing all its state power to ensure that the local refineries work, by now, there would be little need to import PMS and stability in the sector.

And before you blame the previous government regimes, remember that many of them were kicked out because they couldn’t fulfill their objectives to Nigerians. So I urge you to hold the current elephant in the room which is the people that swore to give you good governance in May last year. What is your government doing now to ensure that the problem is fixed?

Promismike:
What Nigeria really need presently is military intervention since the Nigerian people has become so weak to fight for good governance.

The military weak pass the citizens. A common militant dey threaten dem. Nigerian armed forces are pu$$ies

ewedunamala:
The truth is that this nation won't develop without the intellectual capacity of the Ibos.

Take it or leave it. One group are talented in development, one is talented in anti development (craftiness, anti success) and the other is talented in sheepish fellowship of destructive religion.

Lol… Ibo… intellect? Lol

Even if it goes up to 2000 per litter I go still drive my car.

We didn't expect anything less. We are as already used to it.

Price will continue to go up as long as Nigerians allow it.

Godfullsam:
Has the igbos used their intellectual capacities to develop the South East?

Igbos are a people talented in drug trafficking, baby factory, dubious businesses, fake product manufacturer, ritual etc.

Go and use your intellectual capabilities to develop your region first.

Charity must begin at home.

Why are you pained. Truth pain any way. Ibos are by far more inclined to development than others. The other one is far better but unfortunately blinded by religion and the worst is the third which loves hypocrisy, anti future, that single handedly driven this nation 100years backward.

I don't know the one you belong to. But you know by my statements above

LucemFerre:
Lol… Ibo… intellect? Lol

Lol, this Ibo self. To me wisdom is using hypocrisy, deceit and rituals to gain fame with party everywhere. Ibos lack that

Mvnster:
ibo genius have developed thailand, malaysia, etc

Don't mind them. They have developed everywhere. They lack the hypocrisy and deceit wisdom. Dey lack wisdom to owmabeic thing.

ewedunamala:
Why are you pained. Truth pain any way. Ibos are by far more inclined to development than others. The other one is far better but unfortunately blinded by religion and the worst is the third which loves hypocrisy, anti future, that single handedly driven this nation 100years backward.

I don't know the one you belong to. But you know by my statements above

You haven't answered why you didn't use your intellectual knowledge to develop your region.

You said a particular region is hypocritical, backward bla bla.. but your people keep trooping to that backward region in your thousands every day.
You claim to be better than every other region and people but in reality, the reverse has always been the case.

Godfullsam:
You haven't answered why you didn't use your intellectual knowledge to develop your region.

You said a particular region is hypocritical, backward bla bla.. but your people keep trooping to that backward region in your thousands every day.
You claim to be better than every other region and people but in reality, the reverse has always been the case.

😅😅😅 Nobody is trooping. Others people troop everywhere globally. That's why they say anywhere you didn't find them worldwide, please run cos the land is barren.

Hypocrisy , faulty environmental development gene, parental/orientation disease ,is the key in destruction. Am still trying to understand the meaning of Yoruba in Hausa.

NB: I am not referring to yorubas. I mean all people with the above gene

It will still go up Tinubu na the bad and worsen President in Nigeria since May ,one of the foolish woman that vote for him ,she is asking for money to eat now