₦airaland Forum

codedguy1:
I totally agrEe with you.

We are just messing around, until we decide to do the right thing by adopting true federalsm/regionalim we will continue to dance about like a yoyo.

As per the parasitic regions, pride will not allow them let go just because they fEel that once they let go a particular region will be too rich owing to the fact that all the money the country is sharing is coming from that region.

But they fail to realise that if they let go and invest in whatever they have a comparative advantage they would fair better.

A state like kogi receiving about 4-5billion monthly allocation will even make 10-15B monthly if it harnessess its own human and material resources for itself. Same with other states but with diff amout higher than what they currently receive as allocation.


In less than 10yrs we can get out of this situation and be prosperous if we decide to practise true Federalism/regionalism from today.

Jazzlite:
Charity begins at home... This is what happens when you refuse to put your home in order... By having a full refining capacity for all grades of PMS for your local consumption and even entire West African needs! But instead chose to propp up foreign refineries and keep them afloat! May the glut quadruple IJN.
Lalasticlala FP

However, some traders are of the view that refinery margins remained positive still, with gasoline demand in Nigeria itself helping to support European and United States’ refining margins, and buyers in California and Asia also keen to import more gasoline.

CyberWolf:
true federalism will lead to diversification of the economy..As long as we keep practicing this current system, Nigeria will never diversify...get that into your head.

IzonOwei:
i just told a colleague in the office that until we quench like greece then would we think of a way forward to practice true federalism...till now i have not heard one minister or a senator talk about true federalism and resource control as the way forward for this agbaya country to bounce back economically and for jobs to be created in every state....the government still hopes to be dependent on oil reason why buhari insisted that he be the petroleum minister,rather than think absolute diversification of the economy....the government still wants all of us to be body hugged in lagos state like mad people...

Naughtysite:
Tell Buhari to go and borrow from China say $1trillion. They have excess funds.. Let every Nigerian keep enjoying. When things improve, we pay back. Say when oil hits above $50 a barrel.

Its just that he lacks the management acumen.

kayusely:
It is either fiscal federalism or parliamentary system that can save nigeria from total collapse.

Omenkata:
[s]apc is really an economic bokoharam

kayusely:
It is either fiscal federalism or parliamentary system that can save nigeria from total collapse.

refreshrate:
Please when I'm done laughing can I borrow this post? I have a couple of pap brained individuals I just will not resist the temptation to send this to.

Please.

Meanwhile any hope of America doing visa lottery even if na just one more time?

Kay17:
That is not true. China is not federalist state yet had a diversified economy whilst Switzerland a so called true federalist state is not diversified in its constituent regional economies.

You have been fed on lies.

Now imagine you open a company in Nigeria like Nairabet or a sales company, you could be liable for taxes in all the states and occur double taxation.

Or a power company dealing with 36 different legal and tax regimes, business must be really easy

francizy:
We told them that he's an economic assassin, but they claimed his integrity will block loopholes.

We told them that he's corrupt just like his fellow croonies, but they claimed he never stole a dime.

We told them he's old, dull and slow, but they said they preferred a dullàrd that created Western Germany and President Mitchell's to a PhD holder that transformed the Agricultural sector of the economy.

We told them he doesn't have the moral standard, will and the technological knowhow to tackle corruption, but they claimed even witch hunting is fighting corruption.

We told them he's full of lies and deciet, but they hoped on the mirage NGN5,000 salary for the jobless and one meal pa day for their kids.

We told them that since he knew nothing about fuel subsidy, then he knows nothing about the petroleum industry/sector of the Nigerian economy but they claimed he'll stabilize world oil price and reduce PMS price to NGN40 per litre.

We told them he has no respect for the rule of law, but they claimed the judiciary was corrupt.

We told them his government is usually marked with heavy job losses and too harsh economic policies but they said they preferred to be jobless in a change government than to be gainfully employed in a Transformation government.

We told them he is not as humble as he looks but they said he had only NGN1million and 150 cows.

We told them that he's too old to govern, they claimed our youths are wasted generations.

We told them he doesn't have a certificate, they said he can use his NEPA bill.

We told them he's vindictive, but they said as far as they are concerned, he can employ all his family members, relatives and well wishers into his cabinet, even if they have no formal education, as long as they deliver.

We told them he's an enemy of democracy, they claimed they prefer his autocracy to the Nigerian Democracy.

We told them he's not humble but only a pretender, they said he'll sell off the presidential jets in order to cut cost of governance.

We told them he doesn't care about the Nigerian citizens, but they claimed he belongs to everybody and belongs to nobody, even though his appointments were mainly for the north, he embarks on fruitless journeys and speaks only to BBC Hausa.

We told them he supported Boko Haram, they told us that even if they found him in a meeting with Shekau and co, that wouldn't stop them from voting him.

We asked for any tangible thing he's done for the country after staying away from government for so long, they claimed it didn't matter.

We told him to get up from honeymoon and hit the ground running, but they called us wailers..

Finally, we told them he's a scam, but they shouted Sai Baba!

Behold Nigerians, here is your much desired change!

lastpage:
Well, the only people l see "drowning economically", are the criminals from the South East!
The people l see around me are building mansions, buying better rides and expanding their business coast.... and these "Children of ANGER and HATRED" are ranting about Poverty?

You SaTANoids better go and ask God for Forgiveness because it appears your sins of destruction have come home to roost!

Like a cliché says, "The EVIL that MEN DO... lives with them these ays"
Lastpage!

989900:
Unless we build refineries in Nigeria to refine the whole damn thing,and start exporting refined products, as it is, selling crude is fast turning into real bad business.

Coolcash1:
I didn't want to respond to your very bias, dumb, and retrogressive comment but compelled to in order to set the record straight. Especially, to help the sensible ones know the truth.

I know you must belong to Party Destruction Party for this hateful post. The fact is, your party and especially GEJ put the country in this whole mess. The ripple effects if erroneous and in ceremonial economic and fiscal policies of his government has thrown us into this precarious situation.

While I don't want to get to personal or sound partisan, the truth is had the previous president got involved in the management of the economy and painstakingly works himself through the economic numbers and stats better understanding would have been gotten and proper direction provided for Okonjo Iweala and his economic team.

Back to PMB, his government just came on board seven months ago and we are witnessing a carryover effect of his predecessor's failure and you are now RUNNING your mouth blaming the innocent man.

That said, the big question is how do we move forward as a nation. The minister of finance already has her work cut out for her and honestly I don't envy her job right now.

God bless Nigeria!

Coolcash1:
I didn't want to respond to your very bias, dumb, and retrogressive comment but compelled to in order to set the record straight. Especially, to help the sensible ones know the truth.

I know you must belong to Party Destruction Party for this hateful post. The fact is, your party and especially GEJ put the country in this whole mess. The ripple effects of erroneous and superficial economic and fiscal policies of his government has thrown us into this precarious situation.

While I don't want to get to personal or sound partisan, the truth is, had the previous president got involved in the management of the economy and painstakingly worked himself through the economic numbers and stats better understanding would have been gotten and proper direction provided for Okonjo Iweala and his economic team; confronted the monster called corruption this situation won't arise.

Back to PMB, his government just came on board seven months ago and we are witnessing a carryover effect of his predecessor's failure and you are now RUNNING your bad mouth blaming the innocent man.

That said, the big question is how do we move forward as a nation. The minister of finance already has her work cut out for her and honestly I don't envy her job right now.

God bless Nigeria!

Truckpusher:
Lol, you're an ignoramus .
How many states from the south east benefitted from the last bailout fund from FG ?
Did you see the latest ranking on the IGR per state ?
Go read up something and stop showcasing your ignorance in a public forum.
Lastshit

General Gowon: The Yiibos will be treated as equal citizens of this country...... UNLESS BY THEIR OWN BEHAVIOUR, THEY ACT AS SECOND CLASS CITIZENS. (8:30 seconds on the tape) - General Yakubu Gowon, Nigeria's head of State!

stickncarrot:
You are joking. Exchange rate is 241/$

MrEverest:
Ignorance At Its Peak! D SE Will Be The Least Affected Of All D Regions In Nigeria While The SW Along With D North Will Be The Most Affected & I Will Give U Reasons. (1)Osun Was The 1st State To Go Bankrupt. (2) Ogun Is Already Talking About 3rd Bail-out Fund From CBN. (3) Anambra Is Not Owing Workers A Dime, The State Even Increased The Minimum Wage.(4)Enugu has d highest non oil IGR.

saintgoogle:
Start exploring other natural resources Nigeria is blessed we have them in abundant lets leave the IPOB with there oil they can secess with it if they want or die with it for all I care

InvertedHammer:
/
There is glut in crude oil.

Yet there is fuel scarcity in Nigeria.

What is the missing link? Refineries.

God forbid a black person uses his brain. They are still waiting for oyibo to point out the idiocy in exporting crude to import refined petroleum in this 21st century.

Bunch of mo.rons lead by mo.rons. I want the economy to be obliterated.
/

Dee60:
You have made a very good point. However, please subject it to the W test.

WHO will build the refinery? FG? No way. They will build and paralyze it. Government CANNOT run any business. Private sector? Go and ask Dangote if there is any headway with the Lekki Refinery!

WHAT - For what? You mentioned export. Dont forget the law of competitive advantage. You can only export where your production price is much lower than other exporting countries. So, how do you achieve low production cost where everything thing is so expensive and where government is either FINING you or taxing you to coma? Go and ask MTN and the banks.

WHERE - In the north? That will be a big joke. In South East? Or South South? Ok, maybe in the South West. I pray o. For now, investors only trade in the stock exchange where they can sell within 24 hours and pick race.

We have to pray o. We are a bit far from El Dorado. The fact that government at al levels are not shwoing any sense of direction create more fears than hopes.

This is why you see a refinery in Kaduna and the raw material have to be transported "uneconomically" through pipes, all the way to the refinery, from down South.
That is just the REALITY and we should not deceive ourselves thinking those who make such decisions are "not guided" properly.
The last Civil war instigated by these same Easterners, was an eye-opener.

MrEverest:
(5)SE Region Recieves The Highest Amount Of Remmitance Coming To Nigeria. (6)Igbos Control Business/commerce & indigenous Manufacturing In Nigeria.(7) Igbos Are The Least Dependent On Government.( Igbos Are Hard Working, Versatile & Egaliterian In Nature, They Survived A Blockade How Much More A Reccession.(9) Igbos Have A Comparatively High GDP both in the SE & elsewhere in Nigeria. (10) Be Rest Assured That Igbos Will Be The Last Man Standing When You All Will Be Dying Of Starvation!!!

Yet, after all the above "ridiculous lies".... the place looks ravaged with Erosion and Gullys?
*85% of its "natives" are refugees in other states?
*You mean Enugu has more IGR than Lagos!

C'mmon, this "Delusion of Grandeur proportions" is not funny!

"A Pig, whatever it is adorned with, will still be a PIG"!

lastpage:
Shut your filthy "Tribalistic Cavity"..


...This post was about "INTERNATIONAL PRICING/SALES of crude Oil, and not about some local riff-raffs like you talking shyte.


BTW: Govt should divert some of this "excess crude" for local consumption.

All we need do is develop our local industries (Petro-Chemical and Refining) to use the excess crude.
We cant be shouting of glut when there is scarcity within the local economy.
Nigerians themselves will buy and consume majority of these supplies.

Inward-looking, is the way to go



Lastpage!

Naughtysite:
Inward looking in what sense ?

When you dont have a funtioning refinery.

wiseoneking:
[s]you got it wrong boy, even if all the refineries are working, Nigeria will still to import more than 45% of refined oil.[/s] We are not seeing the buyers is the main problem not the issue of our production. Is like buhari is more comfortable with importation fuel which looks far more cheaper than making our refineries work.Diversification in agric, mining and creation of small scale jobs for private investor.

pasol4real:
Oga which resources are u referring to ,oh isee
Water resources in lagos n brown roof resources in ibadan