₦airaland Forum

pluto09:
I don't think Yar Adua was bullied by anyone. He was more of a welfarist who believed that state assets should not be sold.

So it is not welfarist when the remaining 49% shares will be sold to Nigerians.

Imagine what the investments would have grown to 18 years after

To be objective enough and avoid digression, I think we must understand the role of PENGASSAN.
To make a comment on corruption doesn’t make me a DSS.

emmanuelewumi:
So it is not welfarist when the remaining 49% shares will be sold to Nigerians.

Imagine what the investments would have grown to 18 years after

I am never in support of the decision by Yar Adua to revoke the sale.
My point is that nobody bullied him to take that decision.

🚨 Fresh on StockBubbles! 🚨

We’ve rolled out highly requested updates to make tracking the market even smoother:
🌞 Light Theme – clean, easy on the eyes.
📊 Customisable Columns – you choose what data matters most.
🔎 Expanded Stock View – deeper insights when you click on any bubble.

The market just got clearer.

Shalom428:
Insightful

Quite insightful, which makes one wonder if the team responsible for the tax reform did have DEEP engagements with major market operators before enactment or they just dont care (typical Nigerian elite ways) believing they will go ahead anyways, then if it (25% CGT) breaks something (dry up the market) then they will rush and fix a band aid ( a rushed amendment through the National Assembly).

pluto09:
He was a president that wanted to be popular with the populace.
Selling those refineries was not a popular decision albeit the right one.
Majority believed OBJ took that decision to favour his friends.

The sale was not popular because majority of Nigerians are not financially intelligent.

A leader is not supposed to do what is popular but what will be in the best interest of the country.

If Blue star had challenged the reversal, they would have won. They got a loan to buy the 51% share, the were the successful bidder for the refineries.

Blue star can legally sell back to FGN at their own price and terms, not that FGN would reverse the sale.

18 years after, are we better or worse. We have also spent close to $20 billion over the years repairing the refineries and another billions of dollars on subsidy scam.



Thank God Dangote did not contest the reversal, he was not as rich as this in 2007. Assuming the sale was not reversed they would have said he made his money because he bought critical national assets at giveaway price

handsomebolanle:
This means you will have a plumber doing a piping operation and a tailor sowing PPE for Nigerians.
As regards NNPC, that’s not the function of the union. Hold your government accountable to that. Let’s not digress

Majority of the leaders of NUPENG at the national level are from NNPC.

Unfortunately they are always against any move by government to make NNPC functional, productive and being able to create wealth .


Very few of NNPC workers can survive in the private sector

robobo:
Quite insightful, which makes one wonder if the team responsible for the tax reform did have DEEP engagements with major market operators before enactment or they just dont care (typical Nigerian elite ways) believing they will go ahead anyways, then if it (25% CGT) breaks something (dry up the market) then they will rush and fix a band aid ( a rushed amendment through the National Assembly).

The NGX has started reacting and drying up gradually with persistent bearish runs because of this useless CGT madness.
I have never seen a govt that just wakes up all of sudden and takes decisions without proper consultations, like this govt

pluto09:
I am never in support of the decision by Yar Adua to revoke the sale.
My point is that nobody bullied him to take that decision.

He had the mind of doing it.


I wrote a paper on the performance of the stock market based on the leaders from Obasanjo to Yar Adua , GEJ.and Buhari

I found out the market went down under Yar Adua, the economy was also comatose under Buhari .

A number of old investors here, made their first million from the stock market when Obasanjo was the president

KarlTom:
TAM has been ongoing for ages without any tangible result

It's basically for servicing (or maintaining) the pockets of a select few.

Little wonder most GMDs are being probed...

Exactly, and in this context, they wouldn't even want it to ever work, cos once it starts working, their cash cow in the name of TAM would be gone.

KarlTom:
I have worked there so spare me the lecture...

Now that Aliko has fired them, will operations cease?

I tire o.
The guy is making it seem like you need 7 PhD to even understand how to man a drill.

handsomebolanle:
Sorry boss, This is laughable sir.
Academic excercise is not same as skill set required on many jobs.
Like you said that Dangote embark on training .. why did he? You would have thought it’s better to train them on the job but that’s not the case.
There is some required skill level on this job.
It’s even speculated he employed foreigners for some jobs even for his own refinery.
He can get and pay the required skill set for his refinery but he can’t get for the whole industry even if he can afford it.

Well maybe there's really more to how niche your skill sets are. I won't argue against your position since you're more in the know.

But the actual test is:

If the talents were that rare, pengassan's threat would have simply been to keep talents away from Dangote, but obviously they don't believe that would make any difference, they tend more to believe he would easily find replacements, and this disproves your argument of rarity.

emmanuelewumi:
He had the mind of doing it.


I wrote a paper on the performance of the stock market based on the leaders from Obasanjo to Yar Adua , GEJ.and Buhari

I found out the market went down under Yar Adua, the economy was also comatose under Buhari .

A number of old investors here, made their first million from the stock market when Obasanjo was the president

For me OBJ was the best, GEJ tried but he was just too soft.

pluto09:
For me OBJ was the best, GEJ tried but he was just too soft.

We even made more money from crude oil during his tenure

awesomeJ:
Well maybe there's really more to how niche your skill sets are. I won't argue against your position since you're more in the know.

But the actual test is:

If the talents were that rare, pengassan's threat would have simply been to keep talents away from Dangote, but obviously they don't believe that would make any difference, they tend more to believe he would easily find replacements, and this disproves your argument of rarity.

In talents were rare, we would have heard cases of 800 workers resigned from Dangote Refinery to get employment opportunities in better refineries or industries.

And Dangote can't sue them for the mass resignation upon the money spent training them

emmanuelewumi:
In talents were rare, we would have heard cases of 800 workers resigned from Dangote Refinery to get employment opportunities in better refineries or industries.

And Dangote can't sue them for the mass resignation upon the money spent training them

Exactly sir.

mikeapollo:
You need to ask them for the modalities:
1. You may request for details of their bank account that you can pay into, if they are the ones to trade for you after you fill and send trade mandates/instructions.
2. You can ask them the procedure if your are to fund your account and trade online by yourself using their online platform

Please do they have app I downloaded one app and I call helpline he said they don't have app

PENGASSAN And Dangote Reconciliation Meeting Ends In Deadlock 

https://punchng.com/pengassan-dangote-reconciliation-meeting-ends-in-deadlock/

THUGS in uniform?

Ginalex:
Macgyver don land for our thread

Haha Gina Gina, longest time

Agba, at about 2% returns, September is closing comfortably in green.

At almost 143k, we're much closer to 150k than your 125k, 130k.

I just said let me rub that in.

mygee2:
Please do they have app I downloaded one app and I call helpline he said they don't have app

I am not sure, I don't use them for now but I may join them soon.

If you can, try find time and visit their office(s) nearest to you.

https://www.youtube.com/watch?v=l-P2ElWF9lc

Midday trading update for the NGX today.

pluto09:
For me OBJ was the best, GEJ tried but he was just too soft.

You can only say OBJ was he best because the ones that came after him also messed up.
OBJ was not fantastic in anyway but the worse govts that came after him are the ones making him look like a ''hero'' sort of.

emmanuelewumi:
In talents were rare, we would have heard cases of 800 workers resigned from Dangote Refinery to get employment opportunities in better refineries or industries.

And Dangote can't sue them for the mass resignation upon the money spent training them

That’s not my point sir.

PENGASSAN has members in the whole oil and gas industry. I’m saying getting that large number of skill set in general is not possible, If everyone is too withdraw from service,. The industry will become a camatose. Employers will have a full ride and wait until you see the next piper alpha incident. This will have a ripple effect on other sectors.
Dangote needs to have a table discussion but seems he wants to operate independently.

handsomebolanle:
That’s not my point sir.

PENGASSAN has members in the whole oil and gas industry. I’m saying getting that large number of skill set in general is not possible, If everyone is too withdraw from service,. The industry will become a camatose. Employers will have a full ride and wait until you see the next piper alpha incident. This will have a ripple effect on other sectors.
Dangote needs to have a table discussion but seems he wants to operate independently.

Dangote refinery should reject any attempt by the unions to hijack and dictate to his muti billion business.
The unions should focus on advising NNPC refinery management; that is where their advice and opinions have been relevant and we all know the result.

mikeapollo:
Dangote refinery should reject any attempt by the unions to hijack and dictate to his muti billion business.
The unions should focus on advising NNPC refinery management; that is where their advice and opinions have been relevant and we all know the result.

Until he his able to drill his well and claim full ownership of the oil or get his crude outside the country. - this is my personal opinion
Unfortunately, the law gives ownership of natural resources to the land.

There is always room for collective bargain. Dangote will need to sit and come to a compromise.

NLC was used by the Pengassan cartel to derail the sale of the refineries.

ThisDay published an article written by the deputy NLC President detailing how NLC was used to derail the sale.

I thought his rite up would ignite protests but nothing happened.

NLC and PENGASSAN dont love Nigerians. They only fight to promote the interest of those who use them.

Yar Adua was lily livered. His decision to revers the sale after NLC threatened nationwide protests pained me.

pluto09:
I am never in support of the decision by Yar Adua to revoke the sale.
My point is that nobody bullied him to take that decision.

awesomeJ:
Agba, at about 2% returns, September is closing comfortably in green.

At almost 143k, we're much closer to 150k than your 125k, 130k.

I just said let me rub that in.

; D

Enjoy your loot o

Agbalowomeri:
; D

Enjoy your loot o

Yes sir, repair your tool o

handsomebolanle:
Until he his able to drill his well and claim full ownership of the oil or get his crude outside the country. - this is my personal opinion
Unfortunately, the law gives ownership of natural resources to the land.

There is always room for collective bargain. Dangote will need to sit and come to a compromise.

Dangote is already importing crude from US.
The ownership of natural resources is vested in the national oil company or government, represented by NNPC Ltd and Dangote has contract signed with them.
The law does not say the unions are the owners of natural resources.
Dangote has the right to determine who works in his factory and who does not.

faoogoke:
NLC was used by the Pengassan cartel to derail the sale of the refineries.

ThisDay published an article written by the deputy NLC President detailing how NLC was used to derail the sale.

I thought his rite up would ignite protests but nothing happened.

NLC and PENGASSAN dont love Nigerians. They only fight to promote the interest of those who use them.

Yar Adua was lily livered. His decision to revers the sale after NLC threatened nationwide protests pained me.

The reversal of the sale of the refineries by Yar Adua was one of the decisions taking by a sitting president that really pained me.

Another one was by GEJ when he allowed vested interest to bully prof Barth Nnaji out of the power ministry.