₦airaland Forum

obailala:
[s]When you are not in the know, asking should be a virtue instead of accusing people of lying. Besides, the hard biting fuel scarcity which Nigerians experienced before handover was in May 2015, long after APC had already won the election. I don't know what planet or country you live in to not know this or to argue over something which happened just last year.


http://www.platts.com/latest-news/oil/lagos/nigerian-fuel-marketers-say-still-owed-315-mil-26067047

The owed money was eventually paid in Dec 2015.
http://www.reuters.com/article/nigeria-oil-subsidies-idUSL8N13Y47E20151209
http://thenewsnigeria.com.ng/2015/11/buhari-approves-n413b-subsidy-payment-to-oil-marketers/[/s]

The marketers through their umbrella body, Major Oil Marketers Association of Nigeria, said that the government had only paid the debt owed to three out of the six companies involved more than a month after the pledge was made."

Regrettably, despite [the minister's] commitment and assurances, the industry to date has only received approximately Naira 30 billion in forex differential claims out of the Naira 100 billion owed," the group said in a letter addressed to the minister.[/b]

mrmetoo1:
This Op never supported Buhari. He just wants to take advantage the fact that his supporters are complaining. How anyone can say insecurity is worse under Buhari is a liar. Anyone that says or suggests that things could have been better under Jonathan is a liar. People's frustration with this government is that they feel they could be doing more. I for one thought, the difference between this administration will be like light and dark are disappointed. There's no part of me that misses Jonathan for one second, I just need this government to do better.

You talk insecurity, when last have you heard about a bomb blast in the NE. The militants that misbehaved in the SW were decisively dealt with. We're not out of the woods yet obviously but there's evidence miscreants are being dealt with. Management of funds have been better with stuff like the TSA and curbing of corruption. I just expected a lot more, stuff like CBN restricting money transfers is one of the things that keep me scratching my head, the perceived lax attitude of fixing this economic crisis is what bugs me. Comparing however to Jonathan abeg let that guy enjoy his retirement.

gabe:
Tompolo, Boyloaf, Asari Dokubo et al were in charge of pipeline security during GEJ yet APC managed to bribe some people to blow up the same pipelines. Tiri gbosa for u.

globe16:
Peter obi is not different from the looters... His aide was once causght in Lagos airport trying to ferry 250 million raw cash.. I expect you push people like Chime who have outstanding achievements in enugu with no corruption cases

Atk1nson:
Go and checked his previous posts, I know he support Buhari. We can't all be blinded by party affiliations not to realise this president is a big mistake

Progressive01:
I edited my post, you may wanna review your response.

Now, what has "Fulani" got to do with anything?? If it is about appointments, let me ask, does appointing, instead of a Fulani man, an Efik, Igbo, Idoma, Kanuri, Yoruba, Ijaw, etc automatically translate into turning the tide in our economy?? When you raise issues and you bring in arguments regarding ethnicity, you just mess things up, especially on this forum.

The economy is what it is today not because of the pilots we have but because the fundamentals are in shambles!!

Cast your mind back to what it was just weeks before handover!! There was no fuel anywhere, no electricity, banks were closing by 12noon because there was no electricity. Telecoms companies were unable to sustain their activities due to issues bordering on availability of gasoline/diesel to power their generators, etc!!

All these happening when crude was still being sold @ $70pb!! Now, it is being sold at just over half that price and people expect to see miracles happen!! Brother, it isn't that simple.

When recession came calling sometime in 2006 (or thereabouts) with a crash in crude prices, Nigeria defended her currency and her economy with over [b]$20billion. Imports was sustained and the value of the naira was hardly affected. We had over $60billion in our reserves then![/b]

Today, we are talking about just over half that amount at the point of handover with a population increase of over 15million!! This implies that if $20billion was being used to keep the economy afloat then, we would require even more today to do same!!

Now, imagine the implication of pulling out over 20billion dollars from our current reserve about a year ago or even now, and being left with about 10-15billion in reserves!! Imagine a country that isn't credit worthy!!

Dude, these are fundamental issues that would take time to correct. People don't see these things because they are too emotional to analyse them dispassionately.

Everybody is feeling the pangs, but I foresaw this coming from day one, so did NOI herself and Sanusi. They warned that we saved for the rainy day but the admin they worked under never heeded that warning. Today, shiit has really hit the fan and everyone is pointing accusing fingers at this government. I'm afraid I won't blame her on the state of the economy- it has been a long time coming.


Ps: you still haven't suggested what you would have done differently though.

blueto:
More lies detected. 50% of the arrears was reimbursed in April

http://www.platts.com/latest-news/oil/lagos/nigerian-fuel-marketers-say-still-owed-315-mil-26067047

So that was how APC found the loophole and surreptitiously capitalised on it using their proponents amongst the importers to halt importation and induced artificial scarcity, because the government's intervention would have at least averted or abated the scarcity. in addition, they also marred some pipelines.

Thus, a prompt scarcity emerged, but it further escalated after the elections, leaving APC to bear the full repercussion of their pernicious blueprint.

obailala:
[s]
You just repeated what I said about 'importers being owed' and then you go ahead to say 'LIES'?... Are you oblivious of the meaning of the word 'LIES'?

By the way, your desperate attempt to put blame on the new government is very very lame and pointless... As at the time of the scarcity, campaigns had already ended, APC had already won the election, so what logical sense does it make for APC to start bombing their own pipelines or sabotaging fuel supply?... Wake up man![/s]

kings09:
I go collect oo. To increase the food stock I have or u think I ll reject? Jst admit u r hungry. In ur hrt, buhari period don de hit u. Even ur income no de reach anywhr

madridguy:
If the elites are complaining of the present economy hardship, then who I am? Am a struggling guy will low income but I will stand with Buhari till final whistle.

Meanwhile, you're yet to provide your contact address where I will post the garri to.

kings09:
But wen u were busy defending his policies u neva saw d long term effect?. I ll send my address soon

blueto:
no circumlocutions, you must be a sophist.

The news that indicated the emergence of fuel scarcity was published on 2nd of march, and presidential election was conducted on march 28th so did the scarcity prevail after APC had won?
http://www.platts.com/latest-news/oil/lagos/nigeria-hit-by-fuel-shortage-as-marketers-cut-26027400 .

madridguy:
If I can give PDP 16 years to showcase their talent why won't I be patience for 4 years.

michelz:
Op,you're on the right path to redemption,but still have a long way to go.
Ask your self this question:
If GEJ and Buhari were the only people contesting,who would I vote for?
Don't hurry to answer the question...but be sure you get the answer before 2019.

kings09:
The 4years of APC is alredy gettin equivalent wit d 16years of PdP. @least life was bearable during PDP era. All d same now we know Buhari is synonymous wit polio

mrmetoo1:
What's this one saying about party affiliation?? Party affiliation has literally never added one kobo to my pocket which is what I'm about. No matter how me or others complain about Buhari, leaving Jonathan would have been a bigger mistake. Complaining about Buhari is to make them get working and not relax. They can't be complacent, their supporters have to make them realize they're not sheep that'll keep supporting them no matter what they do or don't do.

asids55:
I wonder why people like you keep talking trash like this..when gej was in power how much was crude going for??that was the freaking reason why life was bearable for u..so please stop displaying your ignorance in a public forum

49cents:
What's all these fixation with defending naira with dollars Instead of defending it with more non-export products and with backward integeration

Am not a buhari fan but that dollar is selling at 400 is not an indication of anything but the inflation there in

I want to see this government making policies that cuts imports of stuff we can produce; of how to stimulate the agro sector to provide materials for factories to process....

I want to see, small business being stimulated etc

There hasn't been any smart response from this government and that is why inflation is gathering up...

Take for instance the issue of Airlines withdrawing services from Nigeria: the government can simply inject funds to the likes of Arik and other local flyers and stop the bleeding of the economy by so-called FDIs with their capital flights


Is this rocket science

Emyogalanya:
Ridiculous where what any links to substantiate the claim i gave my opinion based on what peter obi has done in anambra state why should i be crucified for not mentioning Sullivan since he is ur choice celebrate him but pls be civil enough to let me exercise my own freedom or is there a law stops me from doing so?

kings09:
Is dat all u have to say? #Ode

mrmetoo1:
Tell me one country that's dependent on oil that's faring well. Please just mention one. Please don't come here to mention countries that are surviving with their huge reserves because I'll ask you where our own reserves went. Let's no even talk about Venezuela. Go see what's going on in Angola. Saudi Arabia has suspended so many projects leaving a lot of migrant workers without food. I saw something on CNN were the Indian government had to send food to Indian workers in Saudi because they're not getting paid anymore. Power has been cut from the camps they stay in, no more money so no food. They can't leave because their employers have their passports and that's Saudi with their huge reserves. Venezuela is like a scene from those apocalypse movies.

There's no painless way out of this mess. The solution is less dependence on oil for our forex earning, that won't happen in one year, it won't even happen in 10. All we can do as citizens is take advantage of the opportunities that arise from this mess. The oil and gas folks i know are already looking to other businesses. I know one that went to sign a deal with middle East developers, he wants to get into luxury real estate. If it'll work out is yet to be determined but we can't just sit around and wait for government to come share money. Btw, your taxes you pay made them share N559B (faac) last month up about N300b from the previous month, a lot of it was due to collection agencies like Firs so thanks for paying your taxes, it's been shared to your state and lg.

obailala:
Several things which could possibly be your problem; it's either you were ignorant of happenings in Nigeria, or you are suffering from chronic amnesia (probably intentionally).

The real hard biting fuel scarcity suffered by Nigerians last year was in May 2015, a month after elections were already over. The reasons behind the scarcity are well known, importers were being owed and they feared the incoming regime may default in payment. You asked if the fuel scarcity persisted after APC won, and I am telling you I know of NO major fuel scarcity which happened before election; if that was the case, it would have been a major campaign argument by the APC at the time.

The fuel scarcity at the period was well after the elections, and it was the most crippling scarcity in Nigeria's history with even several banks closing by 12pm for lack of generator fuel and airlines suspending operations; only a non-Nigerian or a person with amnesia would argue over this fact. Here are links for your consumption below highlighting the bite of the scarcity in the month of May:

http://www.premiumtimesng.com/news/top-news/182978-fuel-scarcity-may-persist-beyond-may-29-major-marketers.html
http://www.bbc.co.uk/news/world-africa-32873349
http://allafrica.com/view/group/main/main/id/00037030.html
http://www.vanguardngr.com/2015/05/fuel-scarcity-capital-oil-breaks-ranks-to-release-70m-litres/

asids55:
bolo...next time thank me for educating you so you don't go out to disgrace your self

Anticorruption:
loooooooooooool



loooooooooooool




looooooooool

yea receive sense.

blueto:
Mr prevaricator, when will you jettison anomalous and distorted delineations? You failed to ascertain a major phenomenon of fuel scarcity due to incognizance(maybe deliberately), or maybe your cognitive skills needs some psychiatric overhauling, because it is conspicuous that a person that failed to learn of the fuel scarcity before May 2015 suffered from aphasia.

here is news from Channels that indicated a fuel scarcity on march 2, 2015 http://www.channelstv.com/2015/03/02/fuel-scarcity-spreads-across-lagos/

Progressive01:
Okay, president Buhari "has no idea what to do", agreed. Now, my question is: kindly suggest one thing he could do to pull us out of the doldrums.

Recession of this nature where your reserve has been drastically depleted and your major forex earner has lost over 50%
of its value is most difficult to surmount.

If you wanna diversify, where do you get the money to do so (remember you need forex to import the equipment for this since they aren't produced locally)?? You wanna export more of your nearly useless forex earner so you can start taking steps towards diversification and some criminals literally make that impossible.

I'm glad you admitted Jonathan wasn't an option no matter what.

Progressive01:
Okay, president Buhari "has no idea what to do", agreed. Now, my question is: kindly suggest one thing he could do to pull us out of the doldrums.

Recession of this nature where your reserve has been drastically depleted and your major forex earner has lost over 50%
of its value is most difficult to surmount.

If you wanna diversify, where do you get the money to do so (remember you need forex to import the equipment for this since they aren't produced locally)?? You wanna export more of your nearly useless forex earner so you can start taking steps towards diversification and some criminals literally make that impossible.

I'm glad you admitted Jonathan wasn't an option no matter what.

fulanmafia:
You must still be dreaming.

If you like, don't humble yourselves and build bridges with other regions to cure your political irrelevance, continue waiting for an apology from PMB for saying the stark truth. You can only reap where you sowed.

The current economic crisis has nothing to do with Ibos and everything to do with the condition of the economy even BEFORE handover as well as the dramatic loss in value of our major revenue earner and the activities of economic terrorists (who you support by the way).

Only a condemned hypocrite would hail the scAvengers and lament about the economy in the same breath.

obailala:
The major fuel scarcity last year which enveloped the entire nation happened in May, even a primary school pupil in a rural area without access to the internet can attest to that. It's pathetic that a person who prides in your level of English is incapable of comprehending this simple message. Even upon the number of news web links I offered to buttress this point, you are still fixated on your baseless 'blame game' argument that "APC caused scarcity before election and the scarcity cleared after election."

You are free to keep teaching us new vocabulary even whilst you sustain your pointless argument.