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BusinessRe: Dangote Plans Fuel Exports To Europe, Others by QuotaSystem: 7:20am On Nov 04, 2019
Aliko Dangote doing Nigeria proud since 1977...

Arewa AMAKA!
PoliticsRe: PDP Denies Zoning 2023 Presidential Ticket by QuotaSystem: 6:07am On Nov 04, 2019
Onijagidijagan:
The only fate of eastern is Hausa..they wanna be a vp to hausa after they've lampooned sw all this years about it.
Absolutely shameless.

I predicted this as far back as 2015 when their anti-North hate speech was at it's fiercest. I told them that they would still swallow their vomit & campaign for us in the near future for reasons that were obvious even then, but they were too myopic to see beyond their nostrils. Now they want "born troway, almajiri, cow fvker" support and seeking the "arse kissing mere commissioner houseboy" position like their lives depend on it grin. Komin duhun dare, sai safiya ta waye cool

Suddenly we are now the best thing since foreign rice cheesy

PoliticsRe: PDP Denies Zoning 2023 Presidential Ticket by QuotaSystem:
PaChukwudi44:
The PDP ticket in 2023 will go to a noethener.Yoruba Muslim for once be proud of your tribe
mrvitalis:
Oga u are not from the core north ....stop trying go hard to prove it ...

If south west can contest then north can ...zoning is dead ,

The east is not afraid to contest against south west never , there is time for everything
That lame trick can only work on your fellow Igbo when you want to label him 'sabo' out of frustration. Try harder cheesy

Oh yes, the SE is very afraid of facing the SW in an all south 2023 contest and you know it, which is why you want to piggyback on Arewa instead of seeking PDP's ticket against APC's SW candidate. Prove otherwise if you dare.

Wike/Tambuwal vs Osibanjo/El-Rufai is a goal cheesy
PoliticsRe: PDP Denies Zoning 2023 Presidential Ticket by QuotaSystem:
Eastern propaganda machine in full gear lol. They were just jittery & testing the waters to provoke a response.

PDP are not that daft to attempt a losing formula twice. Haba give them some credit.

As a core Northerner in full support of the Presidency going south in 2023, it was quite interesting how the PDP spokesman was low-key presenting Wike as their likely candidate smiley. Intriguing times ahead.

I am just puzzled as to why the SE is so scared of contesting the Presidency with the SW. I guess the SS will take over.
PoliticsRe: Tinubu Vs Obi Who Will You Vote In Presidential Election by QuotaSystem:
Baztardmods:
Thank you for schooling that guy, his problem is that he is a self centered tribalist, someone who would see white and call it black
Lol.

Obichina cannot be a President of this country. He cannot win enough votes to be a class monitor.

Pure fact. If you like call it grey.
PoliticsRe: Tinubu Vs Obi Who Will You Vote In Presidential Election by QuotaSystem:
IGBOSON1:
"Who do you think between the two of them is more fiscally prudent, not given to grandiose and obscene displays of power and wealth, and who would be less likely to use loopholes and opportunities in governance to enrich themselves and their cronies?" These are the criteria i listed, and asked you who between Tinubu and Obi would you say has exhibited these traits in leadership! Anyone would tell you that any leader that doesn't exhibit these traits is anything but exemplary, but Quotasystem thinks otherwise and avoided giving me a direct answer.

Instead you told me you have your own list of character traits of a good leader, and went on to list, ".....leadership acumen, antecedents of raising leaders, and alignment with my interests...." Mostly non-specific, broad-based and self-centred!
QuotaSystem:
Actually, both are non-starters as far as I am concerned. I've emphasized I'm more inclined towards an Osibanjo or Adeshina (if we're lucky enough).

To choose the lesser evil of the two however, which political logic dictates will be based on who's more likely to protect my interests; it will undoubtedly be Tinubu - the one that is not backed by a horde of zoo chanting, caustic tongued ipob apologists.
I must have been expecting too much of you to think you'd understand the context of my response. I had already stated that both Asiwaju and Obi were non starters as far as I was concerned. What criteria did IGBOSON1 think I was dissatisfied with? You didn't need to be a genius to figure out that my reservations for Asiwaju were based on the criteria you outlined.

I then went on to state that I'd pick Asiwaju a dozen times over if I had to because he beats Obi silly on other criteria which I consider important which include leadership acumen and not being backed a horde of antagonistic, zoo chanting, caustic tongued ipob members & apologists. There is nothing vague, broad-based or non specific about that.

IGBOSON1:
Basically, you're saying your self-interest is at variance with national-interest if you emphasis on 'my interests'! What are these 'interests' if you don't mind me asking?
In any community, or nation, where resources are scarce or opinions are conflicting, there are bound to be competing interests. In America it is pro-abortion/gun control vs anti-abortion/guncontrol. In Britain it could be pro-brexit vs anti-brexit. In France it is pro-immigration vs anti-immigration. In Nigeria it could be pro-federal character/regionalism/state police vs. anti-fed.character etc. You get the drift. Politics is ALL about interests. If your desires/interests do not tally with mine (e.g. focus on agriculture vs oil, investment in seeking hydrocarbons in the North and solid minerals development),how will I not seek a candidate that will champion my interests? How can that then be twisted to mean "self-centeredness"? I hope you're keeping up to speed.

IGBOSON1:
I don't know why you keep harping on about 'effeminate' whatever! All the he-men and macho-men Nigeria has had since 1960, where has it gotten us? I think it's laughable that one of your hallmarks of a good leader is that he should have a baritone voice and assert his manhood at any given opportunity....probably be swinging his dick at public functions while saying, 'hey, look everybody...i'm a man'! shocked It says a lot about you that you would pick a blundering and incoherent Buhari over a bold and assertive Peter Obi all because Peter Obi has a higher-pitched voice than Buhari! Nice to see where your priorities lay! wink
President Buhari is competent and coherent enough to strike new diplomatic relations, implement protectionist policies for national development e.g border closure, and continue to lead as the de-facto leader of the sub-continent. Don't kid yourself smiley. A leader must symbolize the authority he wields, especially as the commander-in-chief. We cannot have an effeminate character sounding like a pre-pubescent lady holding that forte. Not necessarily a priority but definitely a factor to consider. What is REALLY RICH is having a PDP/IPOB/Obi minion that wailed daily about PMB's "thin, skeleton" frame, come here and try to pontificate about the irrelevance of such features to performance. Hypocrisy anyone undecided?

IGBOSON1:
I think it's a bit rich....a Buhari minion having the gall to accuse Peter Obi of being a bigot! Pray, in what way has he exhibited this bigotry? Buharis' bigotry is as clear as day, and it's decades old since he started from the 60s to exhibit it! Everyone knows of his clannishness, nepotism and intense dislike of the Igbo so it's not something we need to go over again right here!
Peter Obi is a bigot and he knows it. Otherwise he would not have joined the conspiracy of silence & kept quiet as an influential Igbo leader such as Nnamdi Cownu polluted the airwaves with extreme, bigoted hate speech. He went on instead, to further associate himself with the bigotry-filled terrorist fugitive by calling for his release when finally arrested for his toxic activities by the security agencies. Your kin are even more clannish and harbor even more intense hatred for PMB which you have demonstrated severally, including wishing the old man dead repeatedly. Were you expecting roses in return? You fool no one with all that sanctimonious bull.shit.

IGBOSON1:
Are you unaware of the bullion vans seen going into Tinubus' residence on election day? Are you unaware of the unsavoury questions that followed him back from his sojurn in the US? Are you unaware of his bigoted and anti-Igbo statement and the actions of his thugs during the last set of elections in Lagos earlier this year? Are you unaware of the daylight robbery that passed for elections in Osun state? Are you unaware of how he's fleecing Lagos State though his Alpa-Beta coy? You talk of him 'raising leaders'? For this Naija wey you and me dey so? Just who are these sterling leaders he's raised? I'm dying to know!
While I'm not here to hold brief or defend Tinubu for the allegations you stated, it is a fact that Tinubu while Governor of Lagos State, was able to run the state without Federal Allocations due to his fallout with Ogunlewe the then Minister for Works & Housing. If that doesn't signify prudence what does? He then went on to raise successors like Fashola, Ambode & now Sanwo-Olu, who have continued the transformation of Lagos into the mega-city & mega-economy it is today. Compare the GDP of Lagos in 1999 to the present figures. Obi has accomplished no such feat. You cannot rewrite history my friend.

IGBOSON1:
Your problem is that you just don't like Igbos...and that's fair enough, as i equally don't like the Fulani (primarily b'cos of people like you and Buhari)! The difference between us though is that whereas i have realised the situation is untenable and believe we should end the abusive marriage and go our separate ways; you on the other hand still wants 'one Nigeria' yet are vehemently opposed to a Igbo becoming your president! You would always find a reason to justify your bigotry....if it's not that the Igbo candidate has a high-pitched voice, then it would be that he walks funny! smiley
Lol....and Ndigbo just looove Hausa/Fulanis right cheesy? That's why they murdered Ahmadu Bello in cold blood and celebrated it innit? That's Buhari's fault right? No wait it's mine abi? Nonsense.

My friend, Igbos were issued a quit notice to leave the North when Arewa had had enough of the endless insults and hate speech, but as expected your elders came begging to stay - this is documented fact, so stop deceiving yourself thinking anyone is hell bent on you staying in Nigeria. Let that sink in.

Now listen good.- The Difference that puzzles you, is that nobody is going to help you achieve your secession bid for you. Nobody is bending over backwards for an insultive, itinerant, hubris filled set of people who do nothing but constantly hate, oppose and malign them in every way and as much as possible. You deserve ZERO political favors from anyone - the least being the North. If you desire to leave you will struggle for your freedom on your own. You hate Yoruba. You hate Hausa. You hate Fulani. You do not want to build bridges or seek alliances, yet you want Northern + Western votes and support for Biafra/Igbo presidency. Are you okay? Good-luck with achieving that without the diplomacy you're all too conceited and hubris-choked to practice.
PoliticsRe: Tinubu Vs Obi Who Will You Vote In Presidential Election by QuotaSystem:
IGBOSON1:
Hehehehe grin grin grin

Nice try, but you’ve not answered my question! I didn’t ask you who you would choose based on your own, religious or tribal interests as i know that already. You have good form in this regard! wink

Rather I’m asking you -based on the criteria i listed earlier- who between the two would you pick as having better leadership potential!
Lol and what arrogates you the idea that you get to choose the criteria on which I base my choices? Hilarious.

Far weightier criteria like leadership acumen, antecedents of raising leaders, and alignment with my interests dictate my political leanings. GEJ was also weak, effeminate, pretentiously modest with his no shoes theory etc. - yet all that didn't translate to performance either.

obi's weaknesses overwhelm whatever character strengths he might possess. His effeminate nature is such a turnoff, he is a proven bigot and ipob sympathizer, he is supported and thrust by hateful unpatriotic northern antagonists & secessionists, he failed to lift Anambra to any enviable heights during his tenure. He is all talk and zero action.

Tell me, what better indicator of leadership acumen is there than the serially proven ability to identify and raise other good leaders (Governors, Ministers, Vice Presidents)? How many have obi raised? Tinubu is better by far.

Honestly my mind can't even fathom obi as a leader. We will request for his I.D card if he dares bring any campaign to the North.
PoliticsRe: PDP: Atiku’s Defeat Sparks Agitation Over 2023 Presidential Ticket by QuotaSystem: 2:14pm On Nov 02, 2019
Says the serial loser with the political IQ of a housefly cheesy

PaChukwudi44:
If at all you are a northener then you must be a political nonentity
PoliticsRe: Tinubu Vs Obi Who Will You Vote In Presidential Election by QuotaSystem: 2:09pm On Nov 02, 2019
IGBOSON1:
Leaving aside who Buhari anoints as his successor for a moment...what do you think as an individual? Who do you think between the two of them is more fiscally prudent, not given to grandiose and obscene displays of power and wealth, and who would be less likely to use loopholes and opportunities in governance to enrich themselves and their cronies?

Your honest hand-on-heart answer.
Actually, both are non-starters as far as I am concerned. I've emphasized I'm more inclined towards an Osibanjo or Adeshina (if we're lucky enough).

To choose the lesser evil of the two however, which political logic dictates will be based on who's more likely to protect my interests; it will undoubtedly be Tinubu - the one that does not have the antecedents of profiling Northerners and desiring they carry ID & not backed by a horde of zoo chanting, caustic tongued ipob apologists.
PoliticsRe: Tinubu Vs Obi Who Will You Vote In Presidential Election by QuotaSystem:
RTSC:
That is all we can do.

Atleast, there is no buhari to overinflate the votes with blind northern loyalty.
Northerners/Buharists will remain ever loyal to Buhari and whoever he anoints as successor in and after 2023.

Therefore ask yourself, between Asiwaju and obi, whose hand is Buhari more likely to raise in the North come 2023?

Don't be caught sleeping on a bicycle.
PoliticsRe: PDP: Atiku’s Defeat Sparks Agitation Over 2023 Presidential Ticket by QuotaSystem: 10:26am On Nov 02, 2019
joshuanwankwo:
the political truth is dis
prior to 2023 elections, APC would pick a southwesterner but a very weak one with a stronger northern (possibly NE) vice.
according to social media rants
PDP would pick a northern plus a southeast or southsouth ticket (foolishly)
everyone would think PDP would win cos its all north + SE\SS V SW.

but haven noticed northern voting pattern since 1999, the north and SW would massively vote APC again den the SE\SS would massively vote PDP (my people dont learn)
den middle belt states (8 of dem) would vote 50\50 but give APC more votes.
APC wins but north takes control as the SW person would be very weak with a strong northern vice.
the only thing dat can change d equation is if tinubu\osinbajo\fayemi tries to contest
den the reverse.


please m an igbo man fully blooded SE
m just a political analysist
before one ipobian quote me
You truly know your onions.
PoliticsRe: PDP: Atiku’s Defeat Sparks Agitation Over 2023 Presidential Ticket by QuotaSystem: 10:17am On Nov 02, 2019
PaChukwudi44:
Northwest is in alliance with who grin grin grin grin grin grin when will you dumbos learn?
North-West which is my zone, is in political alliance with the South West, and is the main reason the South Easterners are so scared of facing the SW in 2023.
PoliticsRe: PDP: Atiku’s Defeat Sparks Agitation Over 2023 Presidential Ticket by QuotaSystem: 8:20am On Nov 02, 2019
Eastlink:
I'm even more assured of APC giving the Igbo's her presidential ticket than PDP.
This one is loud.

I'm tempted to agree with you.
PoliticsRe: Igbo Leaders To Meet In Ebonyi Over 2023 Presidency by QuotaSystem: 6:24am On Nov 01, 2019
DNSPro:
how does what you mentioned reduced the poverty in the country and unemployment? Just how?
If you cannot realize how provision of critical infrastructure and execution of capital projects creates jobs and stimulates the local economy (which directly reduces poverty and unemployment), then I doubt I can help much.
BusinessRe: Dangote Refinery Rules Out 2020, As Refinery Gets New Date by QuotaSystem: 6:13am On Nov 01, 2019
It is almost shocking that despite your appalling lack of manners, you do not know the basic difference between a private refinery (run by IOCs e.g Dangote) and a Gov't owned refinery (run by NOC's e.g Aramco of Saudi & NNPC of Nigeria). The benefits accruing from saved forex also flew over your head.

This discourse is clearly above your paygrade.

Fade.

obi58:
Very very very foolish analysis.

Go to other oil producing nations like Saudi Arabia and confirm if refineries there procure crude oil at international pricing to refine and sell for domestic consumption.

If we follow your train of thought that we are not dashing out our crude then where is the advantage to the Nigerian people of a domestic refinery?

Why won't a monopoly develop?

Why then will our 4 refineries work even with the continued 'investment' into it?
BusinessRe: Dangote Refinery Rules Out 2020, As Refinery Gets New Date by QuotaSystem: 6:10am On Nov 01, 2019
It is almost shocking that despite your lack of manners, you do not know the basic difference between a private refinery (run by IOCs e.g Dangote) and a Gov't owned refinery (run by NOC's e.g Aramco of Saudi & NNPC of Nigeria).

This dosco

obi58:
Very very very foolish analysis.

Go to other oil producing nations like Saudi Arabia and confirm if refineries there procure crude oil at international pricing to refine and sell for domestic consumption.

If we follow your train of thought that we are not dashing out our crude then where is the advantage to the Nigerian people of a domestic refinery?

Why won't a monopoly develop?

Why then will our 4 refineries work even with the continued 'investment' into it?
BusinessRe: Dangote Refinery Rules Out 2020, As Refinery Gets New Date by QuotaSystem: 12:05am On Nov 01, 2019
Agboriotejoye:
Quotasystem, read this so as to know that charging international price for locally refined crude is international 419. Also read porka's analyses, he's on point.
I will try to spoonfeed this logic to you one last time.

Aliko buys his input (crude) at global prices.

Aliko processes (refines) the crude at global costs.

For goodness sake, at what price will Aliko need to sell in order to be profitable and remain in business? Will he run at a loss simply because he is refining in Nigeria?
I rest my case.

Besides I see you either deliberately or conveniently totally ignored the impact of forex savings on our reserves (which is the actual reason for all those FG waivers & concessions you were complaining of) so your pedestrian view is not surprising smiley. You must really think Godwin Emefiele is extremely daft.
BusinessRe: Dangote Refinery Rules Out 2020, As Refinery Gets New Date by QuotaSystem: 11:36pm On Oct 31, 2019
porka:
You still dont understand.

Crude oil is traded in US dollars. The IOCs will sell crude oil to Dangote in dollars. Dangote refinery must present dollars to oil companies to buy crude oil (raw material) to refine. How will there be fall in demand for dollars when a single company must be ready to pay dollars in exchange for 650,000 barrels daily?

Check the report very well, it says Dangote will sell to Nigerians at import price. You are deliberately inputing " where did he say he will sell in USD?" to satisfy your narrative. It doesn't change the well laid down fact that Dangote will buy crude oil in dollars.

Your optimism is not based on science but false assumptions.

Apart from freight cost, which will now be through pipeline and tankers instead of ship and barges, the advantage is not much as you are celebrating. It is always better to be cautious of impact of something you don't have understanding of to avoid disappointment.
Actually you're the one that is grossly misinformed. You are wrongly assuming Dangote will source his USD to buy crude from the CBN. Nothing could be farther from the truth. He has his global operations, foreign creditors, strategic partners and other sources; it would be the height of daftness on the CBN's part if that was the case.

You cannot deny that the national forex savings from a huge daily petroleum import bill in the millions of $ will have a significant impact on our reserves and exchange rate. Tens of millions of U$D daily that would have left our shores to foreign refineries.

You cannot deny that the foreign exchange Nigeria stands to gain through export of his refined oil and other petrochemical products will have a positive impact on our reserves. He is legally required to repatriate part proceeds of his forex sales like any other exporter.

You cannot deny that the 9,500 and 25,000 indirect jobs this project is expected to create will have positive economic multiplier effects.

It will not help being needlessly pessimistic, especially over issues you're yet to properly grasp.
BusinessRe: Dangote Refinery Rules Out 2020, As Refinery Gets New Date by QuotaSystem: 9:49pm On Oct 31, 2019
porka:
The impact on exchange rate is not as significant as you are painting it. You have been told several times that your wishful thinking is a figment of your imagination. This is how you people started jubilating over the 4 refineries that they said are working in full capacity, which are not even producing anything right now.

It is better to base your optimism on fact and not fiction.

Oil is traded in dollars. Dangote will buy crude in dollars. From the report, he will also sell to the local market at import price. Wherein lie the monumental impact on the currency exchange rate?

Perhaps the only advantage you should jubilate over is the reduction/elimination of freight cost.

Dangote said some weeks ago that he would invest 60% of his family wealth in safer jurisdiction (foreign currency) because of the volatility in naira.
Where did it say he will sell to Nigeria in USD?

What effect will the consequent fall in demand for USD for importation have?

Therein lies your answer.
BusinessRe: Dangote Refinery Rules Out 2020, As Refinery Gets New Date by QuotaSystem: 9:47pm On Oct 31, 2019
DNSPro:
So in essence, for dangote to sell at cheaper price to Nigeria, the government have to sell to him at cheaper price as well?
If he is getting his input (crude oil) at a subsidized rate, then it would be commercially possible for him to sell to us as a cheaper price.

However this makes little economic sense, because we operate on a budget that is prepared with specifed benchmarks for our oil prices and production output. Selling for lower will have unfavorable economic multiplier effects as that means less revenue (and forex) for Nigeria.

Besides it would mean we will be saving Naira (cheaper petrol from dangote) and losing dollars (selling our crude for less) when it should be the other way round.
BusinessRe: Dangote Refinery Rules Out 2020, As Refinery Gets New Date by QuotaSystem: 9:35pm On Oct 31, 2019
Agboriotejoye:
The landing cost of fuel is N133. If he is selling at that amount or close to, then what difference does it make to the Nigerian market. Nigeria is an oil producing nation, so selling for local demand at international price should not arise except there's a plan to exploit the masses.
Let us break this down:

Dangote will not sell to Nigeria in Dollars unlike if we were importing refined fuel. That is KEY. Why?

It is because Nigeria will benefit greatly from eliminating a huge daily demand for USD to import fuel. This fall in demand has a direct effect on the exchange rate which will fall as a result of a fall in demand for $. Additionally Dangote will be forced to repatriate some of his USD income from exports, which will also boost our foreign reserves. More USD in the reserves means more USD available to satisfy our daily forex bill and avoid price spikes because the CBN will be better positioned to intervene accordingly.

Now why can't Dangote just sell to us at a reduced price? It is also simple.

For Dangote to survive in the global oil industry, it means he must then be able to compete favorably with other international refineries. That would be impossible if he is subsidizing prices for specific countries, because the costs of input (crude) and processing (refining) are the same or similar to his other competitors across the world. He must therefore sell at global prices, Nigeria not excluded (do not forget he is exporting the excess refined fuel to other countries) so as to remain profitable to his investors and keep him from shutting down after a few months of operation.

Yes we are an oil producing nation, but we are not 'dashing' the crude to Dangote to process for us. He is buying it from us at global prices too, and adding value (refining) at a cost he must recover and make some profit on.

This is rather simplified but hopefully it puts things in clearer perspective.
PoliticsRe: How They East might React June 13 2023 , if they lose the presidency by QuotaSystem: 8:54pm On Oct 31, 2019
DMerciful:
It's not as if the Igbos are insulting others, it's the others who doesn't understand Igbos. Traditionally, Igbos do not kowtow, show servitude or keep quiet. People see this as arrogance but its cultural. The Igbo man's behavior of 1950s that Amadu Bello complained of has not changed, its Nigerians that refused to accept that this behavior precedes Nigeria. Igbos were like this and yet the hausas and yorubas formed a country with them. After that they want to change Igbos from historically loud people to quiet people. It's not possible! Most nations today dont like Americans cos they are loud but this is a consistent behavior of envy!
Cannibalism and slavery were also once acceptable behavior until human civilization rendered them obsolete and unacceptable. That you have behaved in a certain manner for decades does not preclude you from adapting when necessary.

In order to survive in an evolving world, you must evolve with it or go extinct. You can never survive anywhere in a world now ruled by diplomacy. No wonder you are clashing with your hosts everywhere from Lagos to SA, India to Indonesia. Have you ever heard of the art of stooping to conquer?

The behaviour you just described simply portrays you as uncivil, contemptuous, unyielding and stubborn. It is the height of contempt, arrogance and hubris to expect everyone else to accept behavior that is irritating and provocative. Interestingly & fortunately, I have come across refined, enlightened Igbos home and abroad that certainly do not display such nauseating and inconsiderate behaviour, so I take strong exception to your blanket claim. Mba!

Adapting is now a matter of your political survival. Nobody is naturally built to concede and take bullshit either. Not Hausa Fulani for sure.
BusinessRe: Dangote Refinery Rules Out 2020, As Refinery Gets New Date by QuotaSystem:
Agboriotejoye:
I keep saying it. Dangote is the front for the cabal milking Nigeria dry.
Just imagine buying crude at export price and selling at import price to a local market. What then is the point of the dollar breaks CBN have been giving the guy.
In other words, dangote refinery is another euphemism for removal of subsidy
How did you conclude on the currency to be used for payment?

Besides what price do you think his major competitors are selling their refined oil?

Don't forget that for him to survive and excel as a global player in the industry, he must remain competitive.

Modified:

Agboriotejoye:
The landing cost of fuel is N133. If he is selling at that amount or close to, then what difference does it make to the Nigerian market. Nigeria is an oil producing nation, so selling for local demand at international price should not arise except there's a plan to exploit the masses.
Let us break this down:

Dangote will not sell to Nigeria in Dollars unlike if we were importing refined fuel. That is KEY. Why?

It is because Nigeria will benefit greatly from eliminating a huge daily demand for USD to import fuel. This fall in demand has a direct effect on the exchange rate which will fall as a result of a fall in demand for $. Additionally Dangote will be forced to repatriate some of his USD income from exports, which will also boost our foreign reserves. More USD in the reserves means more USD available to satisfy our daily forex bill and avoid price spikes because the CBN will be better positioned to intervene accordingly.

Now why can't Dangote just sell to us at a reduced price? It is also simple.

For Dangote to survive in the global oil industry, it means he must then be able to compete favorably with other international refineries. That would be impossible if he is subsidizing prices for specific countries, because the costs of input (crude) and processing (refining) are the same or similar to his other competitors across the world. He must therefore sell at global prices, Nigeria not excluded (do not forget he is exporting the excess refined fuel to other countries) so as to remain profitable to his investors and keep him from shutting down after a few months of operation.

Yes we are an oil producing nation, but we are not 'dashing' the crude to Dangote to process for us. He is buying it from us at global prices too, and adding value (refining) at a cost he must recover and make some profit on.

This is rather simplified but hopefully it puts things in clearer perspective.
BusinessRe: Dangote Refinery Rules Out 2020, As Refinery Gets New Date by QuotaSystem: 6:44pm On Oct 31, 2019
A bit disappointing, but not unusual for mega-projects of this magnitude.

This is going to have a huge positive impact on our Naira exchange rate, because the millions of dollars wasted importing fuel daily will be saved, significantly easing dollar demand with the consequent effect on prices.

Aliko Dangote must also be made to repatriate a good part of his forex (earned from exporting refined products) back to the country (as current export guidelines require) as this will further boost our reserves and economic standing.

An exciting development for Nigeria worth looking forward to.
PoliticsRe: Can Tinubu Win Atiku In A Presidential Election by QuotaSystem: 5:48pm On Oct 31, 2019
gidgiddy:
If in 2023 APC fields Tinubu and PDP fields Atiku then it's almost certain that Tinubu would lose.

The reason is that what the North cares about above all consideration is staying in power. So why would any Northerner leave one of their own to vote Tinubu?

The only chance Tinubu has at winning is if PDP fields a Southerner.

Against Atiku, Tinubu would have no chance as the only people who would vote for him are his fellow Yoruba
You guys really don't know jack about politics.

Even an almajiri knows that without fairness to the south via rotation, there would be no country left to "stay in power" over. He also knows his interests are best protected with the more tolerant west than antagonistic and hateful SE.

You also don't know Atiku is perceived as a corrupt sellout in the North; how do you think he lost his own polling unit? His anti-PMB outbursts and romance with Peter Obi has done even more damage to his image in the North. Tinubu will floor Atiku in the North and SW. Take that to the bank. Personally however I prefer an Osibanjo or Adeshina.

I must also admit that SE support for Arewa in 2023 would mean more legitimacy for northern dominance in power so the backlash wouldn't be as much. Interesting times
PoliticsRe: Can Tinubu Win Atiku In A Presidential Election by QuotaSystem: 5:18pm On Oct 31, 2019
PaChukwudi44:
Yes we have lost hope.Come 2023 we will make sure your imaginary dream of a SW president come to naught.Lets see how Yoruba votes will make Tinubu President
Thanks for your support kiss
PoliticsRe: Igbo Leaders To Meet In Ebonyi Over 2023 Presidency by QuotaSystem: 5:00pm On Oct 31, 2019
Deepthoughts:
Now that the supreme Court has put an end albeit dubiously to Atiku's presidential pursuit, igbos should as a matter of right insist n demands for the pdp to zone their 2023 presidential candidate to the SE, a SE/NC combination will just be good for pdp.
Brilliant suggestion.
PoliticsRe: Igbo Leaders To Meet In Ebonyi Over 2023 Presidency by QuotaSystem: 4:57pm On Oct 31, 2019
contigiency:
I said Igbos, none of those names you mentioned is from Igbo. And apart from Osibanjo, Onu will be more acceptable in every part of the country than any other name you mentioned there. The man has been in politics at the top level since 1990 and yet, no one has accused him of any scandal, it's not easy to maintain such integrity in this country. And the man is well learned.
1. Will Onu not have to contest for the APC ticket against those names I mentioned during the party primaries? Does he have the clout and resources within the party to defeat those strongmen? Especially in the face of SE's serial total rejection of the APC in their region?

2. As for his acceptability if he is able to win the ticket, that will heavily depend on if his candidacy can outweigh the heavy anti-Igbo political sentiment (thanks to Nnamdi Kanu/ipob hate speech & stiff anti-PMB stance) in most parts of the north and west which have the largest voting numbers, especially if running against candidates from those regions.

I however agree Ogbonnaya Onu is a deserving and competent candidate for the office. Just being real.
PoliticsRe: How They East might React June 13 2023 , if they lose the presidency by QuotaSystem: 4:39pm On Oct 31, 2019
DMerciful:
Imagine a man that is tired of a marriage and the wife says she wants divorce, will the man frustrate her from getting the divorce if he is tired of her or accelerate the process? You know the truth that Nigerians are afraid to let the Igbos go cos that's the only thing keeping this country together ironically!
If the husband knows she is simply strongheaded and wants to leave simply because she is stubbornly unwilling to change due to pride and hubris, he can definitely frustrate her escape efforts to humble her, especially when she starts showing signs of receiving sense.

PoliticsRe: How They East might React June 13 2023 , if they lose the presidency by QuotaSystem: 3:12pm On Oct 31, 2019
DMerciful:
So you take Arewa quit notice as official position of Nigerian government? I repeat, since Nigerians don't like Biafrans, they should be willing to do an act of national assembly for referendum. If it's not in the constitution, the national assembly can put it or do a doctrine of necessity
Why do you like to think anyone owes you any favours? In return for your constant opposition? Don't you think they would be more willing to frustrate you instead if they so detest you? Can you now see why getting Biafra' seems increasingly more difficult by the day? Lol.

Why would even expect someone you constantly antagonize to freely help in your struggle for freedom? Do you people just like to wallow in delusion or what?

You must diplomatically seek the votes for amendment, seek it by force or forget secession & get ready to wail till thy kingdom come.
PoliticsRe: Igbo Leaders To Meet In Ebonyi Over 2023 Presidency by QuotaSystem: 1:52pm On Oct 31, 2019
sonature1:
I am well aware that one state in northern Nigeria (apart from North Central) has more beggars than all the beggars in the south put together.

Keep fooling yourself
That state also has more voters than all the voters in the SE put together. Jokes on you.

Just remember you don't need presidency and shut it next time you see Amaechi's designer Lagos-Kano Trains.

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