₦airaland Forum

obailala:
You're saying your problem and the problem of the hordes of bitter people on this thread is that the Nigerian Government shouldnt be bringing in fuel through land borders? That is what the bone of contention is on this thread?

No sir. We are saying the Federal Government of Nigeria should exist for the benefit of Nigerians not for the benefit of a particular ethnic group. Same stock can use the border to export their cement and now import their fuel with some hidden benefits while the other stock can die of hunger at the border communities like the South West kings pointed out last week

Agbegbaorogboye:
No sir. We are saying the Federal Government of Nigeria should exist for the benefit of Nigerians not for the benefit of a particular ethnic group. Same stock can use the border to export their cement and now import their fuel with some hidden benefits while the other stock can die of hunger at the border communities like the South West kings pointed out last week

So Nigeria importing petrol from Lagos ports and trucking it down to the north makes you feel better than Nigeria just conveniently getting the petrol to be consumed in northern border towns from Niger? In your understanding, it is tribal favouritism for govt to get petrol stock for northern border towns from Niger instead of Lagos? Wow! I think I get your message clearer.

Misterone:
your journey too far. you need to go for an economics crash course for you to come to level. on the other hand let me give you some head start.
1. when you export, you increase your foreign exchange, create jobs and improve the economy.
2. when you import your foreign exchange is depleted, it means you are paying the salaries of those workers in those countries while industries in your country will be closing shops. companies are closing shops because they cannot compete with foreign companies who see Nigeria as a dumping ground.
3. on the refineries, one thing you should know is that government has no business in business. government is all about welfare so it is right for government to want to deregulate the oil and gas industry. when Dangote come on stream, those 4 refineries would be dead. so why fix them?

If this ridiculous oversimplification is correct then nobody would import anything and the European Union wouldn't exist.

You are totally ignoring cost of producing and potential profits. That's why America for example imports aluminium for cheaper even though they produce it and use the cheap aluminium to fabricate useful products like aircraft that they then sell to other countries.

Saying government has no business in business is wrong as it is a way for them to generate revenue. Otherwise state owned enterprises wouldn't exist.

Agbegbaorogboye:
Exactly. You get it now. The bias for everything north in this govt is too loud and clear. They want to reduce import duty on foreign cars so as to kill the local auto market which is southern dominated and also kill the Benin port while opening the border for Niger to bring its fuel into Nigeria. Samw Niger that housed Boko Haram

Mind you Niger sells fuel at N350 per liter. So how exactly will the fuel be sold at N170 in Nigeria. Can you see the rigmarole? Look very well and you will see where dis is going to

Now I get your message clearer; the govt importing petrol from the northern border is the bone of contention.... You even have a specific problem with Niger cos they house bokoharam. Then you imply that the Nigerian govt is being stupid for importing petrol to be used in northern border towns from a closeby Niger refinery instead of Lagos seaport; youre sure tribalism and favouritism for the north is the reason behind that decision.

Thank you for letting me know how confused you are. Obviously the bitterness on this thread isnt even about anything rational or reasonable, rather it's all about hate and bigotry against the north. Thanks for letting me know so I can bounce off this useless thread.

SmartPolician:
Prayer kee you there!

I don't know when the black Africans will have sense

What have prayers done for you in the past 6 decades?

You cannot pour sharp sand into your soup and turn around to pray to God to remove the sand.

Maybe you need to know that your leaders have shares in some of those refineries in countries they purchase PMS from that's why they are not interested in fixing the refineries here.

The useless NNPC that is supposed to manage Nigeria's upstream and downstream oil sectors is busy building hospitals even though it doesn't have any refineries that produce to optimal capacity.

Nigerian leaders are not corrupt; they just don't have sense. But then, their followers are even more stupid.

The youths need to take this country back from these idiotic leaders by force.

EndSARS needs to have a sequel: #EndBadLeadership

Bro. Prayer changes things, my life itself is a testimony, can't a man escape death more than 9 times without injuries But I have.

But if u feel prayer hasn't done anything for you then I give up.

You say "The youths should take it by force" even the youths are not organised, simple protests turned into cult clash in my area, countless lives lost, I said to myself.... Are these the ones clamoring for change.

No human born of man can change the situation of Nigeria, not even the blood of our heroes past have changed Nigeria, so we need to cryout to the creator of the universe to come to our rescue.

Afterall he holds the hearts of Kings in his Hands.
If u like wail from now till tomorrow. No one will listen, but ur quiet little prayer; God sees, he hears.
He's our only hope for change in Nigeria.

Peace bro.

obailala:
So Nigeria importing petrol from Lagos ports and trucking it down to the north makes you feel better than Nigeria just conveniently getting the petrol to be consumed in northern border towns from Niger? In your understanding, it is tribal favouritism for govt to get petrol stock for northern border towns from Niger instead of Lagos? Wow! I think I get your message clearer.

No!! You don't get the message. I have two in one. Read carefully and pay attention.
In the first place, the amount of fuel to be imported from Niger is largely inconsequential in the grand scheme of fuel consumption in Nigeria. This means there is no real benefit for Nigeria in the exchange. This is more in the light of the fact that like I've already told you, Niger sells fuel at N350 while we sell at N170. So how exactly will Niger be incentivized to sell fuel to Nigeria? I'm waiting for you to see the abracadabra and insincerity of the govt you're supporting. I don't want to have to spell the word myself. Just know there's no real benefit to Nigeria there!!!

Like I already told you, Nigeria has been importing products from Niger before now, most especially diesel. All this stopped with the border closure. Now why close the border against your citizens and allow only the ones with kith and kinship ties with you to access the border? Why is border closure good for Lagos, Ogun and Oyo communities but bad for Dangote and Niger? Do you mean the middle and low income businessmen who survive on exporting and importing goods through the land border have no business surviving but Dangote, BUA and Niger republic are too important to suffer the effect of that policy?

What about border communities down south that the customs CG said fuel should not reach 25km close to the borders? Are they criminals that deserve to be starved of fuel while the northern border communities drink fuel to their souls' satisfaction.
Think man!! It is still allowed!!

Stevengold:
Bro. Prayer changes things, my life itself is a testimony, can't a man escape death more than 9 times without injuries But I have.

But if u feel prayer hasn't done anything for you then I give up.

You say "The youths should take it by force" even the youths are not organised, simple protests turned into cult clash in my area, countless lives lost, I said to myself.... Are these the ones clamoring for change.

No human born of man can change the situation of Nigeria, not even the blood of our heroes past have changed Nigeria, so we need to cryout to the creator of the universe to come to our rescue.

Afterall he holds the hearts of Kings in his Hands.
If u like wail from now till tomorrow. No one will listen, but ur quiet little prayer; God sees, he hears.
He's our only hope for change in Nigeria.

Peace bro.

Pray from now till the end of next century, Nigeria will not change.


You guys are applying prayers in the wrong context

God will not come down from heaven to fix Nigeria's electricity, roads and hospitals.

He won't help us to select a good leader.

If we fail to do the right thing, we will live with its consequences forever.

For crying out loud, God gave us brains for a reason

obailala:
Now I get your message clearer; the govt importing petrol from the northern border is the bone of contention.... You even have a specific problem with Niger cos they house bokoharam. Then you imply that the Nigerian govt is being stupid for importing petrol to be used in northern border towns from a closeby Niger refinery instead of Lagos seaport; youre sure tribalism and favouritism for the north is the reason behind that decision.

Thank you for letting me know how confused you are. Obviously the bitterness on this thread isnt even about anything rational or reasonable, rather it's all about hate and bigotry against the north. Thanks for letting me know so I can bounce off this useless thread.

Don't bounce off, furck off!!
I thought you're a sensible human being. So, they housing book haram is not enough to draw your ire. Now I see where this govt draws its oxygen from? Seems the boko haram might be a northern hoax afterall.
You have not provided any tangible benefit of the fuel from Niger to Nigeria other than appealing to nationalism. Is nationalism now an economic or national security policy?
I'm not at fault for the bigotry, it's in the govt you support!!

JoeEeL:
Where I come from, this is what they term "Good morning in the evening".

See what the man said "First it was a railway construction and now importation of fuels"... Now let's reason guys. This goes to many of you: the purposely blind and the dumb, the Buharideens and the Buharididinrins, and more importantly the 'One-Nigeria' loyalists. Let's argue objectively.

1. First of all, how can you say there should be 'One Nigeria' when there is not effective border-control policy in the North? Are southerners really that foolish? You are aware that the drivers, abokiis you see in the south all come from neighbouring countries, many without a valid means of identification. And you say Nigeria should be one? This was such a grave reason that U.S had to temporarily place a ban on Nigeria because of infiltration of nomads and illegal entrants and lack of proper means of identification. Yet you shout 'One Nigeria'. Can you see that your going to school was a waste and you can't reason?

2. Do you know that the Fulanis were the one of the last set of people to invade this country called Nigeria? https://en.wikipedia.org/wiki/Hausa%E2%80%93Fulani

Why is this a point? Simple. Many of them have their ties to remote Sahel countries of origin like Niger and Mali. They know their roots as it's fresh in their memory. Most importantly, the fact that the British drew borders for Nigeria did not render them as foolish as the south. The northern borders are simply an imaginary line to the Northerners (just like the equator); hence they believe they are one with 'Niger' people. That is why they're building rail to Niger and building an oil refinery there. They shout 'One Nigeria' but its a ploy to fool you completely. They are one with 'Niger', not you. Fulanis know their roots; you don't.

Meanwhile, politically correct fools in the South still chanting 'One Nigeria' have their western brothers cut off in Togo and Benin and the southern cut off in Cameroun. And the British will tell me to view a Kanuri man as more of my brother than someone who bears a Yoruba name (e.g. Emmanuel Adebayo) and speaks my language. Please how do you define idiocy? Worse still, which black man can go to England or U.S and divide their lands and join peoples together? If its sure for you today, travel to U.K and tell them you want to join the peoples of Worcestershire or Staffordshire to the people of Ireland and see whether you won't find your ass landed in jail.

Some times when some ppl type such nonsense it makes you wonder whether they have any intelligence at all.

So the Aboki drivers from neighbouring countries plying southern Nigeria (as you alleged) are the reason the US placed a temporary ban on Nigerians - and not your southern Blodas and sisters who often enter/remain in Amelica with forged/expired documents; push drugs and engage in other criminality, as usual?

Your example with the UK and US about dividing/joining ppl together is just as confused and stupid as your earlier comment above.

The letter 'U' in UK & US stands for the word UNITED; in case of the former, United Kingdom, made of about 4 nationalities: England, Wales, Scotland and Northern Ireland; while in the case of latter it stands for United States, which is composed of 50 confederating states; made up of predominantly immigrants from Europe (Hispanics & African Americans) who were land grabbers that stole the land and nearly exterminated all the true indigenous Americans i.e. Red Indians - therefore note the Americans of today are different ppl living together in one united country.

Furthermore, contrary to your position; the ppl of Worcestershire and Stafford shire (2 counties in England) are already joined together with the Irish (as already mentioned) under one entity as the United Kingdom a.k.a UK.

Lastly, the truth is that Nigeria's borders are quite porous, including those in the south; the said closure is merely technical because immigration and customs alone cannot physically control the movement of ppl and goods between the country and her neighbours; on top of that, personnel of the mentioned agencies often accept bribes and permit brisk illegal activities between border points under their control - this is happening everywhere; southerners like you are just hypocritically crying wolf and pointing at the north while deliberately ignoring their own.

obailala:
Now I get your message clearer; the govt importing petrol from the northern border is the bone of contention.... You even have a specific problem with Niger cos they house bokoharam. Then you imply that the Nigerian govt is being stupid for importing petrol to be used in northern border towns from a closeby Niger refinery instead of Lagos seaport; youre sure tribalism and favouritism for the north is the reason behind that decision.

Thank you for letting me know how confused you are. Obviously the bitterness on this thread isnt even about anything rational or reasonable, rather it's all about hate and bigotry against the north. Thanks for letting me know so I can bounce off this useless thread.

Always been about hate, & bigotry, including the whole Endsars fiasco, which was primarily targeted at President Buhari, by pdp sympathizers Which was not an agitation against the whole failed system, Hypocrites.

SmartPolician:
Pray from now till the end of next century, Nigeria will not change.


You guys are applying prayers in the wrong context

God will not come down from heaven to fix Nigeria's electricity, roads and hospitals.

He won't help us to select a good leader.

If we fail to do the right thing, we will live with its consequences forever.

For crying out loud, God gave us brains for a reason

Naaa God won't come down, it takes one man to be used by God to cause that change.

NaMeAboki:
Some times when some ppl type such nonsense it makes you wonder whether they have any intelligence at all.

So the Aboki drivers from neighbouring countries plying southern Nigeria (as you alleged) are the reason the US placed a temporary ban on Nigerians - and not your southern Blodas and sisters who often enter/remain in Amelica with forged/expired documents; push drugs and engage in other criminality, as usual?

Your example with the UK and US about dividing/joining ppl together is just as confused and stupid as your earlier comment above.

The letter 'U' in UK & US stands for the word UNITED; in case of the former, United Kingdom, made of about 4 nationalities: England, Wales, Scotland and Northern Ireland; while in the case of latter it stands for United States, which is composed of 50 confederating states; made up of predominantly immigrants from Europe (Hispanics & African Americans) who were land grabbers that stole the land and nearly exterminated all the true indigenous Americans i.e. Red Indians - therefore note the Americans of today are different ppl living together in one united country.

Furthermore, contrary to your position; the ppl of Worcestershire and Stafford shire (2 counties in England) are already joined together with the Irish (as already mentioned) under one entity as the United Kingdom a.k.a UK.

Lastly, the truth is that Nigeria's borders are quite porous, including those in the south; the said closure is merely technical because immigration and customs alone cannot physically control the movement of ppl and goods between the country and her neighbours; on top of that, personnel of the mentioned agencies often accept bribes and permit brisk illegal activities between border points under their control - this is happening everywhere; southerners like you are just hypocritically crying wolf and pointing at the north while deliberately ignoring their own.

The Federal Government of The United States killed the owners of the land, same Uncle Sam & Uncle Tom criminals, Mumus will looking to for justice?

Agbegbaorogboye:
No!! You don't get the message. I have two in one. Read carefully and pay attention.
In the first place, the amount of fuel to be imported from Niger is largely inconsequential in the grand scheme of fuel consumption in Nigeria. This means there is no real benefit for Nigeria in the exchange. This is more in the light of the fact that like I've already told you, Niger sells fuel at N350 while we sell at N170. So how exactly will Niger be incentivized to sell fuel to Nigeria? I'm waiting for you to see the abracadabra and insincerity of the govt you're supporting. I don't want to have to spell the word myself. Just know there's no real benefit to Nigeria there!!!

Like I already told you, Nigeria has been importing products from Niger before now, most especially diesel. All this stopped with the border closure. Now why close the border against your citizens and allow only the ones with kith and kinship ties with you to access the border? Why is border closure good for Lagos, Ogun and Oyo communities but bad for Dangote and Niger? Do you mean the middle and low income businessmen who survive on exporting and importing goods through the land border have no business surviving but Dangote, BUA and Niger republic are too important to suffer the effect of that policy?

What about border communities down south that the customs CG said fuel should not reach 25km close to the borders? Are they criminals that deserve to be starved of fuel while the northern border communities drink fuel to their souls' satisfaction.
Think man!! It is still allowed!!

Rubbish assertions from a bigot.

No it Can't be possible

RuudVanNisteroy:
https://www.vanguardngr.com/2020/11/onuesoke-blasts-fg-over-plan-to-import-petroleum-from-niger-rep/

blacknp:
Rubbish assertions from a bigot.

Are you in tears?
Seems the points are beyond your -ve iq and 30k pay
Go back to the almajiri school you crawled out from

Agbegbaorogboye:
Niger market is small yet it suddenly makes enough to run a refinery from same small market while Nigeria's big market can't keep one out of four refineries running and you put that blame wholly on price?
Are you for real?

Again Niger is allowing fuel to be sold at a price that guarantees enough profit for the refinery to run effectively

Nigeria until recently was selling fuel below the cost of production and paying a subsidy that did nothing to cover lost profits. Not only were refineries eventually breaking down, but sabotage corruption etc finished the matter.

No profit therefore no incentive to make refinreis work.

Imagine if Niger sold fuel at 87 naira per liter. The refinery would look like our own in years.

Subsidy is just government mismanagement by another name.

blacknp:
The Federal Government of The United States killed the owners of the land, same Uncle Sam & Uncle Tom criminals, Mumus will looking to for justice?

Yes na!! e-idiot. It was Lincoln that was head of the Federal govt when the killings were carried out. Just as Buhari is head of the federal govt when Fulanis are killing and maiming to grab land. He has given them govt backing with RUGA.
I hope you're writing all these down with charcoal on the slate you hang round your neck so you can teach your fellow anti-western urchins. i-slowpoke

Agbegbaorogboye:
I'll rather think the lesson of subsidy in Nigeria as with other policies is that corruption ruins everything. Even private businesses. The US rolled out billions of dollars to save it's real estate business after 2008. That was some form of subsidy. Yet the real estate is back up and running. Subsuidy is not an evil in itself. It's the corruption embedded in it that is evil.
As I was saying, I'm not a communist. I'm rather a crusader for responsible government. Cause that's what I see we lack in this country. If we think where govt has failed, capitalists are going to come and be gentlemen, we are actually riding a tiger.

The reason why the US did that was to prevent job losses

It was a one off payment, non repeateable and if i recall eventually the government gets its money back

And even then, the government mortgage banks still failed.
( the whole reason why the bailout was necessary was that the Clinton admin allowed these institutions to give mortgages to people who were not financially solvent enough to get one originally. Of course the chickens came home to roosta decade later..)

And the US government got blasted for making that decision. Even from advocates for the poor ( government givesthe rich money while the poor suffer)

If you think subsides are good, imagine you are baking bread at a coat of 500 a loaf to sell at 700 a loaf .

Government comes in tells you to sell at 300 a loaf and pays you a subsidy of 300 a loaf

Meaning you make a profit. Not just enough to cover your actual costa and to expand the bakery

That's how we treated our petrol sector and thats why they dont have the profit and incentive to make our refineries work

Note i am not excusing goverenment. Government brought in the subsidy that is wrecking the refineries.

PhiliptheArab:
Again Niger is allowing fuel to be sold at a price that guarantees enough profit for the refinery to run effectively

Nigeria until recently was selling fuel below the cost of production and paying a subsidy that did nothing to cover lost profits. Not only were refineries eventually breaking down, but sabotage corruption etc finished the matter.

No profit therefore no incentive to make refinreis work.

Imagine if Niger sold fuel at 87 naira per liter. The refinery would look like our own in years.

Subsidy is just government mismanagement by another name.

You still don't get the difference? The refinery is not owned by Niger to start with. So they can't even determine the price.
Nigeria killed her refineries with corruption not subsidy. Corruption because while the refineries ran, the monies meant for maintenance were looted and those govts preferred to import fuel than keep the refineries running.

When Nigeria had her refineries running, the question of subsidy never came up. It was when we started experiencing failures of the refineries that importation became an option and with importation came subsidy.

Like i have already shown you, govts pay subsidy like in the US and Saudi to their oil industry.

So the problem is that of corruption that killed the refineries and instituted importation as the main supply of fuel products. Note importation and by extension death of the refineries was gradual

Agbegbaorogboye:
You still don't get the difference? The refinery is not owned by Niger to start with. So they can't even determine the price.
Nigeria killed her refineries with corruption not subsidy. Corruption because while the refineries ran, the monies meant for maintenance were looted and those govts preferred to import fuel than keep the refineries running.

When Nigeria had her refineries running, the question of subsidy never came up. It was when we started experiencing failures of the refineries that importation became an option and with importation came subsidy.

Like i have already shown you, govts pay subsidy like in the US and Saudi to their oil industry.

So the problem is that of corruption that killed the refineries and instituted importation as the main supply of fuel products. Note importation and by extension death of the refineries was gradual

1. Niger owns the refinery partially as a JV with the chinese oil company

2. I agree with you that corruption and mismanagement killed our refineries. Subsidy is a part of that mismanagement

Without subsidy the refineres would have been profit making ventures because corruption would have damaged their bottom line ( which is why mtn and airtel and glo are better than Nitel. )as well as made it difficult to pay staff and suppliers ( no subsidy means no free government money means every bit of cash is precious)

Subsidy also eats a lot of government money. No subsidy, savings galore. ( sure p was set up with subsidy savings from the partial removal of 2011)

PhiliptheArab:
The reason why the US did that was to prevent job losses

It was a one off payment, non repeateable and if i recall eventually the government gets its money back

And even then, the government mortgage banks still failed.
( the whole reason why the bailout was necessary was that the Clinton admin allowed these institutions to give mortgages to people who were not financially solvent enough to get one originally. Of course the chickens came home to roosta decade later..)

And the US government got blasted for making that decision. Even from advocates for the poor ( government givesthe rich money while the poor suffer)

If you think subsides are good, imagine you are baking bread at a coat of 500 a loaf to sell at 700 a loaf .

Government comes in tells you to sell at 300 a loaf and pays you a subsidy of 300 a loaf

Meaning you make a profit. Not just enough to cover your actual costa and to expand the bakery

That's how we treated our petrol sector and thats why they dont have the profit and incentive to make our refineries work

Note i am not excusing goverenment. Government brought in the subsidy that is wrecking the refineries.

Same with subsidy. It was meant to be a stopgap till the refineries were restored which never happened.

The mortgage failed because the US ran a credit economy. It was the mismanagement (again corruption) by the big mortgage industries that led to the insolvency not the credit rating of the beneficiaries per se.

The US got blasted because majority of the bailouts went to the big industries who were the main culprits leaving ordinary citizens who lost their mortgages to their fates.

Like I've said already, the issue of preaching that only profit keeps an industry running is a fallacy. We have many companies in Nigeria which were profitable but were still run aground. The UK health system is not profitable but is still very virile and stable due to the health insurance system.

Mismanagement is the bane of the industries in Nigeria

blacknp:
Always been about hate, & bigotry, including the whole Endsars fiasco, which was primarily targeted at President Buhari, by pdp sympathizers Which was not an agitation against the whole failed system, Hypocrites.

So i see the Endsars is still like a boil on your saggy scrotum It's paining you o

Agbegbaorogboye:
Same with subsidy. It was meant to be a stopgap till the refineries were restored which never happened.

The mortgage failed because the US ran a credit economy. It was the mismanagement (again corruption) by the big mortgage industries that led to the insolvency not the credit rating of the beneficiaries per se.

The US got blasted because majority of the bailouts went to the big industries who were the main culprits leaving ordinary citizens who lost their mortgages to their fates.

Like I've said already, the issue of preaching that only profit keeps an industry running is a fallacy. We have many companies in Nigeria which were profitable but were still run aground. The UK health system is not profitable but is still very virile and stable due to the health insurance system.

Mismanagement is the bane of the industries in Nigeria

Correction

There has always been a subsidy. It has been there even when all our refi neries worked.

If there was No subsidy or if subsidy came when our refinwries were bad , why did Baroness Chalker call for subsidy removal in 1993 when all our refineries were still working?

There has been a subsidy. Nigeria has never run its refineries profitably. The slow damage began in 1994 when we misseda schedled turn around maintenance

Subsidy is not a recent thing.

Agbegbaorogboye:
By a small inconsequential margin
Rather, you should be concerned that, the northern part of Nigeria will no longer depend on the southern part for fuel and by that, their fuel can be easily subsidized by the northocratic govt while the south is left to roast if you understand what i'm talking about

Even if it is 1%,na still progress, when our own son, obasanjo/Jonathan were in government, what did do to improve the life of southerners? Let's don't be hypocrites, Buhari is doing for the north what obasanjo/Jonathan couldn't do for us in South

PhiliptheArab:
1. Niger owns the refinery partially as a JV with the chinese oil company

2. I agree with you that corruption and mismanagement killed our refineries. Subsidy is a part of that mismanagement

Without subsidy the refineres would have been profit making ventures because corruption would have damaged their bottom line ( which is why mtn and airtel and glo are better than Nitel. )as well as made it difficult to pay staff and suppliers ( no subsidy means no free government money means every bit of cash is precious)

Subsidy also eats a lot of government money. No subsidy, savings galore. ( sure p was set up with subsidy savings from the partial removal of 2011)

Bro airtel has failed thrice and had to be repurchased by different investors. MTN is more into corporate fraud in cahoots with govt officials. Glo eehn? Mak i keep quiet. Etisalat too failed just two years ago. You can make a valid point that they have made communications easily accessible and cheap and i will agree. But again, those points show that it's not all songs of joy at their end. Also, NITEL was killed by mismanagement too not underpricing. As a matter of fact, NITEL was still operating as at 1999 when democracy came. The then govt deliberately killed NITEL because of the mindset that govt has not business in govt.

Good you mentioned savings. This govt claims to have stopped paying subsidy since March. I beg you. Show me the savings. Till now, marketers are not importing fuel. Like i told you then, Buhari refused to allow marketers import because he believed they are fraudulent. He thought making NNPC which is directly under him sole importer will expose the fraud. Unfortunately, the problem persisted. That's why he ate the humble pie and said he wants to remove subsidy. Accepting subsidy removal is a final admission of failure on his part.

He is against capitalism but bereft of ideas on how to push forward with a socialist agenda. So when he runs into a ditch, he most times has no choice but to fall back to those capitalist theories which he barely understands. He's just another Yar'adua and i tell people albeit unpopularly that if Yar'adua had survived long enough, same thing would have happened.

Agbegbaorogboye:
Bro airtel has failed thrice and had to be repurchased by different investors. MTN is more into corporate fraud in cahoots with govt officials. Glo eehn? Mak i keep quiet. Etisalat too failed just two years ago. You can make a valid point that they have made communications easily accessible and cheap and i will agree. But again, those points show that it's not all songs of joy at their end. Also, NITEL was killed by mismanagement too not underpricing. As a matter of fact, NITEL was still operating as at 1999 when democracy came. The then govt deliberately killed NITEL because of the mindset that govt has not business in govt.

Good you mentioned savings. This govt claims to have stopped paying subsidy since March. I beg you. Show me the savings. Till now, marketers are not importing fuel. Like i told you then, Buhari refused to allow marketers import because he believed they are fraudulent. He thought making NNPC which is directly under him sole importer will expose the fraud. Unfortunately, the problem persisted. That's why he ate the humble pie and said he wants to remove subsidy. Accepting subsidy removal is a final admission of failure on his part.

He is against capitalism but bereft of ideas on how to push forward with a socialist agenda. So when he runs into a ditch, he most times has no choice but to fall back to those capitalist theories which he barely understands. He's just another Yar'adua and i tell people albeit unpopularly that if Yar'adua had survived long enough, same thing would have happened.

Well, econet sold their nigeria operatipns to V mobile who sold them to celtel which was absorbed fully by its parent company Zain whoch sold its Africa operations to Bharti Airtel.

Not a failure . As is glo which still operates and Mtn

Eitsalat is the real failure , and anyways still exists as 9 mobile

None of them has failed in that they have ceased to exist like the company that used to make Brahma Guarana here.

As for Nitel it was a government company and a monopoly. No need to innovate because whther they work or not the money will come in and no connections. Natirally the GSM revolution caughtthem underprepared


And by the way I dont beleive this government has removed subsides. Till i see that nnpc stops having anything to do with price controls. And till we see dangote is allowed to sell to makreters at his price and the same marketers sell at thwir price plus NNPC allows everyone to import and sell

Remember also thay since 2014 oil prices have been too low to sustain us (but since you dont beleive in the breakeven price concept..)

Either way thw benefits of subsidy removal take time.

PhiliptheArab:
Correction

There has always been a subsidy. It has been there even when all our refi neries worked.

If there was No subsidy or if subsidy came when our refinwries were bad , why did Baroness Chalker call for subsidy removal in 1993 when all our refineries were still working?

There has been a subsidy. Nigeria has never run its refineries profitably. The slow damage began in 1994 when we misseda schedled turn around maintenance

Subsidy is not a recent thing.

Bro, as at 1989 when Nigeria built its last refinery, Nigerian refineries were operating with a profit margin albeit slim one. In fact, Nigeria could have had a refinery in Calabar solely for the purpose of export if it were not for this same Buhari who cancelled the deal in 1984. When all our refineries worked as at 1989, we met local demand. We had no imports for fuel and even exported. There was NO SUBSIDY. Subsidy started in the early 1990s when Babangida directed the NNPC to close all its commercial accounts and merge it with federal accounts in CBN and to always seek approval before doing TAM which led to the refineries declining. It was the fact that money was being released from the CBN to carry out TAM only at the discretion of the govt that the IMF Baroness was referring to as subsidy. Of course Babangida listened to them. He was a neo-capitalist like you and a good friend of IMF. Ever heard of SAP?
It was from that time that subsidy payment started in Nigeria to keep our downstream running which led to the progressive decline of ur refineries till things came to a head in 1997.
The refineries were profitable from 1978 when OBJ started NNPC and made it an independent organization till Babangida came with his corruption!!

PhiliptheArab:
Well, econet sold their nigeria operatipns to V mobile who sold them to celtel which was absorbed fully by its parent company Zain whoch sold its Africa operations to Bharti Airtel.

Not a failure . As is glo which still operates and Mtn

Eitsalat is the real failure , and anyways still exists as 9 mobile

None of them has failed in that they have ceased to exist like the company that used to make Brahma Guarana here.

As for Nitel it was a government company and a monopoly. No need to innovate because whther they work or not the money will come in and no connections. Natirally the GSM revolution caughtthem underprepared


And by the way I dont beleive this government has removed subsides. Till i see that nnpc stops having anything to do with price controls. And till we see dangote is allowed to sell to makreters at his price and the same marketers sell at thwir price plus NNPC allows everyone to import and sell

Remember also thay since 2014 oil prices have been too low to sustain us (but since you dont beleive in the breakeven price concept..)

Either way thw benefits of subsidy removal take time.

If the government has not removed subsidy then that means the Niger fuel coming in will be subsidized not so? Hope you can see the insincerity now!!

Don't worry. Dangote na govt pikin. He will sell at any price he desires and have govt back him up that he's only a businessman who needs to make his profit while people like you will be available to explain to we socialists about how capitalism is the only way forward.

NNPC is not stopping anyone to import o. The marketers have always needed govt backing to source the forex and loans they need to import. Do you really think most of those importers have the financial muscle to import by themselves without govt support? That's why i laugh when you guys say marketers can't import because govt fixes prices. Big, fat lie!! The only reason they agreed to leave importing for NNPC is because they can't do it if they don't have govt backup popularly called promissory notes and letters of credit. Go and find out how our importers used to import and you will agree with me that subsidy was never the problem. It was the same govt that killed the refinery that corrupted the subsidy!!

The solution is simple. Let the govt do the hardwork. Get the refineries working!! Simple as ABC. Any other thing na defrauding Nigerians

I think they should investigate the real owner of the refinery in Niger, might not be funny it belong to one of our greedy politician.

Agbegbaorogboye:
Bro, as at 1989 when Nigeria built its last refinery, Nigerian refineries were operating with a profit margin albeit slim one. In fact, Nigeria could have had a refinery in Calabar solely for the purpose of export if it were not for this same Buhari who cancelled the deal in 1984. When all our refineries worked as at 1989, we met local demand. We had no imports for fuel and even exported. There was NO SUBSIDY. Subsidy started in the early 1990s when Babangida directed the NNPC to close all its commercial accounts and merge it with federal accounts in CBN and to always seek approval before doing TAM which led to the refineries declining. It was the fact that money was being released from the CBN to carry out TAM only at the discretion of the govt that the IMF Baroness was referring to as subsidy. Of course Babangida listened to them. He was a neo-capitalist like you and a good friend of IMF. Ever heard of SAP?
It was from that time that subsidy payment started in Nigeria to keep our downstream running which led to the progressive decline of ur refineries till things came to a head in 1997.
The refineries were profitable from 1978 when OBJ started NNPC and made it an independent organization till Babangida came with his corruption!!

Thanks for the history....and i can see clearly that before subsidy NNPC was making a profit.

After subsidy problems started.

Agbegbaorogboye:
Bro, as at 1989 when Nigeria built its last refinery, Nigerian refineries were operating with a profit margin albeit slim one. In fact, Nigeria could have had a refinery in Calabar solely for the purpose of export if it were not for this same Buhari who cancelled the deal in 1984. When all our refineries worked as at 1989, we met local demand. We had no imports for fuel and even exported. There was NO SUBSIDY.

You see...no subsidy, profits were made

And you ask me why I oppose subsidy

Subsidy started in the early 1990s when Babangida directed the NNPC to close all its commercial accounts and merge it with federal accounts in CBN and to always seek approval before doing TAM which led to the refineries declining. It was the fact that money was being released from the CBN to carry out TAM only at the discretion of the govt that the IMF Baroness was referring to as subsidy. Of course Babangida listened to them. He was a neo-capitalist like you and a good friend of IMF. Ever heard of SAP?
It was from that time that subsidy payment started in Nigeria to keep our downstream running which led to the progressive decline of ur refineries till things came to a head in 1997.
The refineries were profitable from 1978 when OBJ started NNPC and made it an independent organization till Babangida came with his corruption!!

See why I hate subsisdies and government control.

You hve just completed my argument for me.

Good afternoon. You have made me even more determined to see the back of this subsidy joke.

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Fuckjesusandgod:
Na ur zombic family needs mental evaluation. oya go check your WhatsApp for another update. dont worry that 30k you are being paid will fix your generation for life. useless oloshi eniyan

[/s]


Typical ipob ZOMBIE talk.

Learn how to STFU is you have nothing sane, rational or intelligent to talk about.