₦airaland Forum

smallsmall:
Thank you, for raising these issues.
Most Nigerians are either Brain-Dead, or they just enjoy being Hypocrites and Sycophants.
The fact that the Country is in a sorry state, for over 60years, should make any right-thinking person to realize that all those Leaders that they praise, as they come-and-go, have not done anything positive for this Country and we need to stop the "arze-licking" of our Rulers!

Not most Nigerians pls but APC clowns and sycophants

SmartyPants:
Even you know that you just typed a pile of nothingness. I have never "blamed Buhari today" - whatever you think you mean by that. I have always mainted that Buhari did some good for whatever bad anyone wants to say about him. So where did you get your funny ideas from?

But I love the way you showed your emotions here, particularly the bolded. Isn't that a classic case of projective identification? My bragging, if any, is about the progress and greatness of the nation of Nigeria. You can easily go through my posts to see if you can find me "bragging" about anything else - like what? Am I a member of Tinubu or Buhari's family to brag on their achievements? What kind of senseless allegation is that even? Do you see how you think?

I hope you can now go back to your mirror and confirm whether what I said applies to you or not.

Let me break it down a bit.
With clarity of thoughts and no bias in between, what progress does a 60,000 refinery bring to Nigeria compared to 650,000 refinery

If Dangote has not yielded much benefit so far to Nigeria, what grounds brings optimism that a 1965 refinery which cannot even produce petrol of any good grade will signal progress where Dangote's state of the art refinery has not brought any?

If you can answer the above two questions truthfully then I will apologize that I mischaracterized you.

yarimo:
Bitter people will now claim labour leaders are bribe to say this bitterness will surely kill Alot oo chaiii

Can't you see it is you bitterness is killing slowly because instead of you to congratulate this effort you are busy looking for bitter people...you nor well I swear. Aboki.

dheilaw1:
you go cry taya

But since you are not crying, answering the questions should not be a challenge for you.


how has that "political will of Tinubu's government to make it work by fire by force" improved the living standard of nigerians, reduced inflation, corruption, insecurity, unemployment, budget padding, impunity, wasteful government spending, cronyism and nepotism?

how has this "political will of Tinubu's government to make it work by fire by force" improved public infrastructure and government social services to the people of nigeria?

SmartyPants:
That's true but don't deny that there is an element of people actually wanting this government to fail so that they can say "good for you, shebi we told you to vote a certain person."

If not, the naysayers would actually be happy when the government proves them wrong, after all it is for the benefit of the common man if things like these work. But nope, they are all silent and bitter because their negative talk is being confronted by workings.

Bla bla bla.

Have they not failed already?

SmartyPants:
Correct. And that's what I'm doing actually. It's too soon to celebrate conclusively but we can appreciate progress especially since some are so quick to wail at the slightest retrogression.

Personally I take it as a sign that Tinubu means well and he is here to work. Whether the rest of the system will cooperate we shall see.

Was he The one that awarded the contract for the repair of the refineries?

Topman7:
OF COURSE. DEFINITELY.

Look, we have a serious administration in office.

Tinubu is not here to joke.

I’ve known this man since his days as Lagos governor.

Tinubu is a highly strategic, intelligent man.

He will sort out this country, and many people abusing him today will be singing his praises in the next few years.

Sighs!!!!
Gibberish

yarimo:
Bitter people will now claim labour leaders are bribe to say this bitterness will surely kill Alot oo chaiii

You still dey alive?

lexy2014:
But since you are not crying, answering the questions should not be a challenge for you.


how has that "political will of Tinubu's government to make it work by fire by force" improved the living standard of nigerians, reduced inflation, corruption, insecurity, unemployment, budget padding, impunity, wasteful government spending, cronyism and nepotism?

how has this "political will of Tinubu's government to make it work by fire by force" improved public infrastructure and government social services to the people of nigeria?

you are still crying

Kukutente23:
Let me break it down a bit.
With clarity of thoughts and no bias in between, what progress does a 60,000 refinery bring to Nigeria compared to 650,000 refinery

If Dangote has not yielded much benefit so far to Nigeria, what grounds brings optimism that a 1965 refinery which cannot even produce petrol of any good grade will signal progress where Dangote's state of the art refinery has not brought any?

If you can answer the above two questions truthfully then I will apologize that I mischaracterized you.

I still get bemused, seeing that most Nigerians (I am sticking to "most Nigerians", because PDP has been there and the rhetoric was the same, only that it is now "mind-blowing" in proportion!) cant reason logically, as you pointed out above.
They cant answer that question you put up there.

I reminded a group of these Sycophants, that for like Ten years, we were told that once Dangotte's Refinery starts Production, Price of PMS will Crash, as in go from the #87/Litre it was at that point, to like between #30 - #40/Litre, which is what a 'True Crash' will look like.

Nigerians waited with abated breath, when this administration of T-Pain took Power, Price was #177/Litre and knowing that Dangotte's Refinery is almost ready.

Then this Government started jerking up the Price astronomically, from #177, to #545, then to #675, then to #800/Litre, just a few Weeks before Dangotte started Offloading. But a lot of Nigerians, being the "gullible faithful" that they are, still kept faith....... just let Dangotte come on stream and Price will Crash, as promised.

And Dangotte finally announced it is ready to start selling.
Then 'Govt Magic' started.
The Govt started manipulating the Process.
They tried to "Blackmail" Dangotte's Product, by saying it is inferior and Substandard, which was completely false, The DPR Head that made that wicked statement is still sitting pretty in his office as we speak.
But Dangotte's Product is by far more Superior to the nonsense they blend in Malta and bring to us in Nigeria.

Then they started FIXING DANGOTTE's SELLING PRICE, when he wont bulge, they then tried a Mafia style by starving his Refinery of Crude Oil and Dangotte had to arrange to import from places like US, Brazil, etc. So, they failed.

Next, they said it cannot sell directly to Filling Stations! Habba.
He must sell his Product to NNPCL, who will then "fix" their own Price, after adding "Extra" to what Dangotte sold it to them for!.
This is how Evil and careless about the Average Nigerian, these Govt is.

Then this Govt seized this opportunity to raise the price to #1,150/Litre and blamed it on the Price of Crude in the International market meanwhile, Crude Oil price was at less than $40, in the international market, from around $70! Maybe yhey think Nigerians cant access the internet again and we must swallow whatever we were told.

Then said Dangotte must pay for the Crude they supply him, in Dollars, when the "Petroleum Bill" has set aside a percentage of Nigeria's Crude production for local Refineries, and it is to be paid for in NAIRA.
They again, quickly increased the Price to #1,250/Litre! and said it will CRASH, when the Port Harcourt Refinery start producing!

But the fact is that Petrol Price has not Crashed, it is not Crashing and the Evi, Fuel Cabal will not allow the price to reduce, not to talk of Crashing.

Let us even assume that the PH Refinery is now working, as Govt and its Azz-lickers have said: Has the Price of PMS Crashed?
What will they shift the blame to, at this point? Probably blame it on the Unrest in Syria! (Yea, that sounds stupid, and that is how these guys sound, every time they yarn some rubbish about how this Govt is trying to make this Country better.)

The logic here is that "those who are promising the Price Crash, are the beneficiaries of the excessive Profit, from raising the Price of Petrol, so how will these "Greedy Hyenas" crash their own Profit? Is it that they love the average Nigerian more than their Foreign bank Accounts?
I dont think so.

Anyone will a Pea-sized Brain can follow the trend and progression, since 2015 and see that the Price has NOT Crashed, rather, this T-Pain Govt has increased by around 600%, from #177/Litre when it took Power on May 29, 2023, to the current #1,250/Litre Price, Despite Dangote Refinery in full Production and their so-called PH Refinery also working!

The current, Extremely High Price is "Artificial", set by these Greedy Hyenas in Power and it is not coming down anytime, as long as these Thieves are still in Power.
Anyone can take that to the Bank.

klbakare:
Don’t be too fast, how many months has the refinery worked?

At least for now , it is working . And they are also planning to resurrect another refinery. Let's see how it all pan out.

The same refineries Obj , Jonathan and Buhari failed to fix . And this current administration fixed one in less than 2 years in office .

dheilaw1:
you are still crying

same thing we are saying. since you are not crying, answering the questions should not be a challenge for you.

how has that "political will of Tinubu's government to make it work by fire by force" improved the living standard of nigerians, reduced inflation, corruption, insecurity, unemployment, budget padding, impunity, wasteful government spending, cronyism and nepotism?

how has this "political will of Tinubu's government to make it work by fire by force" improved public infrastructure and government social services to the people of nigeria?

lexy2014:
same thing we are saying. since you are not crying, answering the questions should not be a challenge for you.

how has that "political will of Tinubu's government to make it work by fire by force" improved the living standard of nigerians, reduced inflation, corruption, insecurity, unemployment, budget padding, impunity, wasteful government spending, cronyism and nepotism?

how has this "political will of Tinubu's government to make it work by fire by force" improved public infrastructure and government social services to the people of nigeria?

continue crying

Sleekfingers:
The same refineries Obj , Jonathan and Buhari failed to fix . And this current administration fixed one in less than 2 years in office

if the refinery has been fixed, operational and functional, how come the GMD of NNPC is saying that the refinery is only 90% completed?

https://www.nairaland.com/8289921/new-ph-refinery-over-90

if its 90% completed, how then is it fixed, operational and functional?

dheilaw1:
continue crying

same thing we are saying. if you are not crying, answering the questions should not be a challenge for you.

how has that "political will of Tinubu's government to make it work by fire by force" improved the living standard of nigerians, reduced inflation, corruption, insecurity, unemployment, budget padding, impunity, wasteful government spending, cronyism and nepotism?

how has this "political will of Tinubu's government to make it work by fire by force" improved public infrastructure and government social services to the people of nigeria?

DeepSight:
Strange Nigeria.

As soon as a private citizen opens the biggest refinery in Africa, suddenly the ancient public one starts working.

Direct your question to your Baba Obasanjo and Jonathan who spent billions of dollars for 16 year and nothing positive came out. Tinubu you be Baba

Nazgul:
Of what use is the refinery if we're still buying fuel over 1k per liter. Has the refinery benefitted the common in any way?

If fuel dropped to N500 I would have commended them, but since I'm still paying over 1k for it, the refinery is useless to me.

If your exchange rate gets to 1300 today, you would likely buy PMS below 1000.

seunowa:
Direct your question to your Baba Obasanjo and Jonathan who spent billions of dollars for 16 year and nothing positive came out. Tinubu you be Baba

Joker.

DeepSight:
I will give a detailed response later but first and foremost, please know that the claim that 97 percent of revenue was being used to service debt is the most silly lie ever spread in this country. If you think logically, you will see at once that it was always impossible.

PS: France / Corruption is not beer parlour talk. I know where Macron used to hang out in Lagos and it was a favorite hang out of mine as well. If you dont understand what's going on with France, I will take time to explain later.

PPS: If you know that the price of PMS is dependent on the USD, it is ridiculous to devalue the naira and expect that the same prices will not increase after you claim to remove subsidy. You will then have to pay more for the product again.

Later.

Deep how far? Hope you haven't abandoned us

SmartyPants:
Deep how far? Hope you haven't abandoned us

At all, was struggling to keep up with meetings, work, nairaland and other issues.
Will revert as I rest off this night.
Trust me.

That 97 per cent thing na lie oh.

DeepSight:
At all, was struggling to keep up with meetings, work, nairaland and other issues.
Will revert as I rest off this night.
Trust me.

That 97 per cent thing na lie oh.

Oya now. Till then

GeneralDae:
If your exchange rate gets to 1300 today[b][/b], you would likely buy PMS below 1000.

Aaah, here we go again! There is always something to blame it on.

Naira was #1800/$1 when T-Pain raise the Price to #1,250/Litre.
Now that the Naira has firmed-up a bit, l hear #1500, the Price of PMS has not been reduced.
The next lower bar, is now #1,300?

Then, the next excuse will be, it has to get down to the #450/$1 that it was, when this Govt took over power in May, 2023.
People like you are just incorrigible, always fashioning out some silly excuses to justify non-performance and criminality.

smallsmall:
Aaah, here we go again! There is always something to blame it on.

Naira was #1800/$1 when T-Pain raise the Price to #1,250/Litre.
Now that the Naira has firmed-up a bit, l hear #1500, the Price of PMS has not been reduced.
The next lower bar, is now #1,300?

Then, the next excuse will be, it has to get down to the #450/$1 that it was, when this Govt took over power in May, 2023.
People like you are just incorrigible, always fashioning out some silly excuses to justify non-performance and criminality.

The official market was 1600/1650 when it was increased above 1000. It was finally deregulated. Now official rate is 1500 and give it a week or two it may go below 1000. However, if crude oil prices rally above 75 naira at 1500/$ it may still hover around 1000 naira but at 1300, we are sure to go sub 1000.

lexy2014:
same thing we are saying. if you are not crying, answering the questions should not be a challenge for you.

how has that "political will of Tinubu's government to make it work by fire by force" improved the living standard of nigerians, reduced inflation, corruption, insecurity, unemployment, budget padding, impunity, wasteful government spending, cronyism and nepotism?

how has this "political will of Tinubu's government to make it work by fire by force" improved public infrastructure and government social services to the people of nigeria?

continue crying

RedScorpion:
Why should it not be privatised...

How many government owned cooperation are fully functional.... Profitably ?

When it goes private, the workers will be more serious and every corrupt person will be dealt with asap

They suggested the "NLNG" model.

dheilaw1:
continue crying

if you are not crying, answering the questions should not be a challenge for you.

how has that "political will of Tinubu's government to make it work by fire by force" improved the living standard of nigerians, reduced inflation, corruption, insecurity, unemployment, budget padding, impunity, wasteful government spending, cronyism and nepotism?

how has this "political will of Tinubu's government to make it work by fire by force" improved public infrastructure and government social services to the people of nigeria?

SmartyPants:
Oya now. Till then

Let's address the 97 per cent myth first.

The source for the "97%" Revenue Myth was the DMO (Debt Management Office) in 2021.

According to the DMO's 2021 Annual Report, the total revenue for the year was N4.00 trillion, and the total debt service payment was N3.86 trillion. Thus, the conclusion that 96.5% of Nigeria's revenue was used to service debt in 2021.

Lets examine this.

Whats was the Federal Budget in 2021?

Nigeria's federal budget for 2021 was N13.59 trillion. This included N7.99 trillion in total revenue and a N5.60 trillion deficit.

https://budgit.org/post_infographics/2021-approved-budget/#:~:text=The

Now, it is fair to note that this was a projection.

What this means is that from the get-go, the DMO office statement that total revenue was N4 Trillion was questionable.

Because as at 3rd Quarter, the govt had already raised about that much in revenue already. It is therefore impossible for that to be the figure for the whole year.

But what a minute. That is just the Federal Budget oh.

Remember that this excludes allocations to states and local governments! Which also includes sums generated from revenue!

So already you can see how terribly impposible it is for that statement to be accurate.

But that is just one level.

There is further logic to show that it is impossible. For it would imply that 97 per cent of the budget comes from loans. This is simply not true. To say that there is a budget deficit is not the same thing as saying that the entirety of that deficit represents loans. Because there are other sources of funding a deficit: e.g: future flows, ways and means - outright printing of funds, and several others.

Again, the truth is that the statement conjures up a certain imagination in the mind of the public: namely that is is 97 per cent of the Budget that is being used to service debt, which is obviously false. People deliberately make statements like that knowing that that is what will appear in the mind of the average man even if not what is conveyed. But you can see that even what was conveyed was false because going by the correct figures it would be more like 50 per cent of revenue represented in the Federal budget only.

But it has been parroted as 97 per cent of the revenue of the whole country. This is a key difference!

From the foregoing, can we agree that this thing was a myth?