₦airaland Forum

johnsnow2018:
you can pay 400k and the car will be all yours.

rxmusa:
President Muhammadu Buhari is indeed working. Oh God please give him more wisdom and guidance to lead this nation to greatness.

Fuel Scarcity! Before you crucify Mr President....

Most people propose two solutions and blame the president for inability to select one of the two. The popular suggestions are:-
A--Fixing our refineries
B—Return of fuel subsidy regime
I am not in the oil industries but I read what happens.
Before we discuss further let’s state some facts:
1- It’s obvious landing cost of petrol and its distribution to fuel station, is quite above 145 naira per litre.
2- Daily Fuel consumption in Nigeria is about 35 million liters
3- Our four refineries installation capacity is 445,000bpd.
4- When refined, a barrel of crude produces average of 13% pms (petrol)
5- Therefore our refineries (The four we have) can produce about 8 million liters of petrol per day when they operate at full capacity
6- Fixing the obsolete refineries (of 1983) can cost govt about $2bn (close to a N1tr)
7- Returning the subsidy regime for petrol to be sold at N145/liter will cost govt about 1.5bn naira daily, equivalent to 550bn naira annually. Of which a lot will be looted by marketers crudely.
8- Average share of FG from monthly FAAC is N235bn naira monthly, N2.8tr annually. Of which 65% goes to salaries and other recurrent expenditure. The balance is less than a trillion.

Knowing it cannot build a mega refinery for lack of resources, the FG resolved to engaging the billionaire Dangote, and giving him all kind of support to build a mega refinery for the benefit of all.
If we insist on subsidizing oil now, remember the FG may not be able to provide the required Forex to Dangote for timely completion of his project.
If we insist on fixing our refineries, we may end up with “biyu babu”, spending the money without getting the result.
Now, considering above, it will be futile to spend the limited resources we have on fuel subsidy or trying to fix refineries.
We have only one option, which is allowing the marketers to sell at competing prices. While we await Dangote with his refinery. Hopping his MOU with the government is masses oriented.

Until then lets be patient

miracle1997:
Got a slim ps3. 320gb, 8 inbuilt game, one Pes 17 disk,and two pad,hdmi 50k negotiable

Isiboy:
the system partition on ur fone is corrupt you wud need to reload the OS(flash d fone). Take it 2 an engineer

ebab:
Check if the phone buttons are functioning and if they are then try and reload the os