₦airaland Forum

DiamondsAreFore:
Nigeria is a poor country and not an oil rich country compared to Kuwait, Qatar or Saudi Arabia.
This is the reason why the federal government is trying to build Nigeria's economy around taxes because the oil rich economic era is over in Nigeria.

This is now where it gets tricky. What has kept Nigeria going is the ability to share oil proceeds from the Niger Delta with minimum or zero productivity from certain regions in Nigeria without any social responsibility.

Collecting Taxes from one region and giving it to another region that is notorious for religious extremism and fundamentalism will lead to massive revolution in Nigeria. To be forewarned is to be forearmed. Tax money are not crude oil money. It will backfire.

Giving out trillions of tax revenues from the South to take care of the likes Gumi and other extremists in core North without proper fiscal Federalism will lead to a violent revolution in Nigeria.

Agbekoya war is a good example of what people will do, if they perceive their sweats and labour is been used to take care of people who think they are superior and holier than the rest of us without any reasonable economic productivity and contribution apart of religious violence and rabid accumulation of power.

That revolution will be people led because no sane human being will watch while his or her region generates 1 trillion naira annually and he gets just 200 billion back while Yobe gets generates 10 million naira gets 500 billion naira in allocation, that is slavery, paying Jizya tax and modern day internal colonialism.

This Tax revamp will generate trillions in Nigeria but ultimately lead to a people led revolution in Nigeria because people will demand for more share in their sweats and those lazy Rhetoric of one Nigeria will not save the Sharia belt who refuse to be productive and modernize.

ElevationD:
Do you understand what it means by “a poor country”? Maybe you are playing boju boju.

If Nigeria is not presently a world power, is Nigeria not rated a regional power? Do you know what it means by that?

I wonder how some of you choose to address the country as poor when it suits you, and when others call Nigeria either a failed or poor country, you cry to the highest heavens.

With such landmass, population, temperature, natural resources to be a super power, you add your voice to youths who have been brainwashed by irresponsible leaders to claim that the country is poor. That’s quite funny please.

Zocalite:
On tinubu first day on office, without leaving eagle square, without any consultations, no working refinery

t' pain removed petrol subsidy and devalued the currency

He made the middle class poor, and the poor destitute

How can such person have any benevolence

As far as him, his family and cronies are living in affluence, others are manure for their survival.

Princecalm:
Jul 29, 2015

The Nigerian National Petroleum Corporation has announced that the Port Harcourt and Warri refineries have been successfully re-streamed after a nine-month rehabilitation exercise conducted by its in-house engineers and technicians.

The corporation, in a statement, noted that both plants commenced preliminary production of petroleum products after successful test-runs, adding that while PHRC was ramping up its operation to about 60 per cent of its 210,000 barrels per day capacity, WRPC production was projected to hit 80 per cent of its installed 125,000bpd capacity.

The NNPC said the Port Harcourt refinery was projected to boost the nation’s local refining capacity with a product yield of five million litres of petrol per day, while Warri refinery would contribute 3.5 million litres of petrol.

Providing insight into the rehabilitation exercise, the NNPC noted that it had to adopt the phased rehabilitation strategy after the Original Refinery Builders, who were initially contacted for the project came up with unfavorable terms.

It said, “Though a decision was taken in 2011 to rehabilitate all the refineries using the ORB of each of the refineries, we were impelled to switch strategy after the ORBs declined participation and nominated some partners in their stead who came up with outrageously unfavorable terms.”

The NNPC stated that the nominated partners, as sole-bidders, came up with humongous price offers after two years of thorough and exhaustive scope of work definition and price negotiations.

It added that the proxies were also unwilling to provide post rehabilitation performance guarantees.

The corporation said, “The phased rehabilitation strategy which entailed phased and simultaneous rehabilitation of all the refineries using in-house and locally available resources in line with the spirit and letter of the Nigerian Content Law, also involved the use of Original Equipment Manufacturer representatives to effect major equipment overhaul and rehabilitation.”

The national oil firm said the phased rehabilitation programme, which started in October 2014 after the required funding stream was established, created a 70 per cent reduction in costs which helped largely in mitigating the financing challenges of refinery rehabilitation.

It observed that with the successful re-streaming of the PHRC and WRPC, attention has now moved to the 110,000 barrels per day Kaduna Refining and Petrochemicals Company which was billed to come on stream soon.

http://www.punchng.com/news/pharcourt-warri-refineries-commence-preliminary-operations-nnpc/

saintopus:
Dec 06, 2024
The PH Refinery ships its first export of petroleum products to Dubai.
The company is expected to load the cargo in the coming days onboard the Wonder Star MR1 ship, signalling the commencement of operations at the plant and the exportation of petroleum products.

The ship will load 15,000 metric tons of the product, which translates to about 13.6 million litres.

Although the volume coming from the NNPC into the global market is still small, the development has the potential to impact the Very Low Sulphur Fuel Oil (VLSFO) benchmarks in the future while changing the market realities for Atlantic Basin exporters into Nigeria and other regions.

The sulfur content of the export by NNPC stands at 0.26 per cent per wt and a 0.918 g/ml density at 15°C, according to Kpler, a data and analysis company.

The cargo was reportedly sold at an $8.50/t discount to the NWE 0.5 per cent benchmark on a Free on Board (FOB) basis.

Kpler reported that the development would help displace imports from traditional suppliers in Africa and Europe, as Nigeria’s falling clean product (CPP) imports are already decreasing, dragging imports into the wider West Africa region lower as well.

https://guardian.ng/energy/nnpc-begins-export-from-ph-refinery-as-dubai-firm-buys-first-cargo/

chatinent:
The politicians aren't poor so the most money there will be re-looted amongst them.

nairalanda1:
We are a poor country, where the person you responded to, and where you err is why we are a poor country.

Taxes won't fix our poverty though.

But we are a poor country because we do not use our resources , all of them to make industrial goods and services that the world needs. THAT Is why we are poor.

anonimi:
How do we make industrial goods and services without educating every single child free, as provided in PDP-established UBEC 27 years ago for federal matching funds to the 36 states?

Educated free by adequate number of professional teachers and other staff who are well paid compared to politicians.

Educated free in schools with adequate number of classrooms, libraries, labs, playgrounds etc.

maasoap:
Well, that below 1% allocation is still a huge amount of money if they won't divert it

Brendaniel:
Nigeria is a poor country but your president bought a presidential jet of 150 million dollars? used over 2 billion naira to buy vehicles for only his wife, renovated vice president's house with 21 billion, travels abroad almost every 2 months with his full entourage for medical checkup and treatment, your senate president uses a Mercedes Maybach worth over 500 million naira, your president uses Cadillac Jeep worth over 1 billion naira per piece.

Almost everyday the EFCC and ICPC keeps catching government officials who are in their bad books with billions and billion of naira stolen while the ones who are in their good books that outnumber the ones in the bad book by far are allowed to walk free, given appointments and contracts to continue stealing, Nigeria still loses more than half a million barrels of crude oil everyday to theft which the government has shown incompetence in solving...


I can go on and on and even write a full book, please tell me again what exactly is your definition of poor? Nigeria is rich but managed poorly by people like Tinubu

DiamondsAreFore:
Nigeria is a poor country and not an oil rich country compared to Kuwait, Qatar or Saudi Arabia.
This is the reason why the federal government is trying to build Nigeria's economy around taxes because the oil rich economic era is over in Nigeria.

This is now where it gets tricky. What has kept Nigeria going is the ability to share oil proceeds from the Niger Delta with minimum or zero productivity from certain regions in Nigeria without any social responsibility.

Collecting Taxes from one region and giving it to another region that is notorious for religious extremism and fundamentalism will lead to massive revolution in Nigeria. To be forewarned is to be forearmed. Tax money are not crude oil money. It will backfire.

Giving out trillions of tax revenues from the South to take care of the likes Gumi and other extremists in core North without proper fiscal Federalism will lead to a violent revolution in Nigeria.

Agbekoya war is a good example of what people will do, if they perceive their sweats and labour is been used to take care of people who think they are superior and holier than the rest of us without any reasonable economic productivity and contribution apart of religious violence and rabid accumulation of power.

That revolution will be people led because no sane human being will watch while his or her region generates 1 trillion naira annually and he gets just 200 billion back while Yobe gets generates 10 million naira gets 500 billion naira in allocation, that is slavery, paying Jizya tax and modern day internal colonialism.

This Tax revamp will generate trillions in Nigeria but ultimately lead to a people led revolution in Nigeria because people will demand for more share in their sweats and those lazy Rhetoric of one Nigeria will not save the Sharia belt who refuse to be productive and modernize.

nairalanda1:
No such thing as free quality education.

Education under pdp was bad..and it is still bad under apc.

I went to university under pdp. Was not free and was awful.

You guys, seriously, should stop pretending we ever had good quality education for everyone at any time. Under pdp if you wanted good education you went private

And things haven't changed under apc. Things are just as bad as they were for decades.

Denmark has free education. At the cost of half of their income annually.

autoez:
Definetely they will.

See what i saw in my dream. A future newspaper front-page

kevinexit:
Abeg give me prompt wey u use for this news paper