₦airaland Forum

How much for this ya heaven?

Bike, give me 2.

E don tay wey I wan ask Angel Gabriel something.

Welcome, Kamala.

DrinkWater10:
Even if it’s 1 billion. It’s unnecessary and a waste of scarce forex. Patronize local producers and reduce the burden on the dollar

From time to time, government must intervene to prevent;

Monopoly
Scarcity
Social unrest
Security risks.

If you were in government, you would do the same.

DrinkWater10:
Importation isn’t needed anymore because we are wasting scarce forex on it

Then, I have no issue with it.

SAMBARRY:
but you believe bubu

You guys are laughable.

You believe the Republicans who would not institute any law that limits the guns that their psychos use in killing their own kids would now suddenly help you stop terrorists from killing you.



If we remember how Trump resisted Brazil selling Tucano 🚁 until the money was paid in full, that's the same president that would ensure there's no terrorism?

4 years isn't far.

We'll all be here.

Jonathan:
Which one is airdrop account?

You wan open your own abi?

mrvitalis:
Lmao u wish come claim it back na

Everyday, you cry "they are targeting us"

kettykin:
People who carried out counter coup have come out openly to say it was not an igbo coup

Dem dey totori your totori.

Come even do braids on top.

mrvitalis:
Buying up your ancestral land for peanuts

Even the ones you pay for, they still claim it back from you.

Demolish the structure.

You'll wail on Nairaland and Berekete family.

Nonsense.

mrvitalis:
Lost? Lmaooo my people are in your domain living like kings and Royalty... We are in the North living the same... But ur people are scared to move to the North or East... Yet the people who have mind to move around lost? Lmaooo

The fabled billionaires, once again.

If una wan practice Sharia, practice am.

Which wan come be all this testing testing?

mrvitalis:
Lmao We are waiting for the day that this propaganda of Igbo hate would translate to attack on igbos you all want to so bad ...

All this cho cho cho are ranting of cowards

Cowards, yet you lost.

You conducted an Igbo couple.

Accept it and stop the pretence.

mrvitalis:
And what can you and your fada do about it?

Remember your place.

You lost.

Ibechris2:
It will not be well with ur entire generation.

Clearly, it hasn't been well with yours since 1967.

gsmphoneseller:
God punish your papa.

It was a Yoruba coup. Ode.

Have you found your real father yet?

It was an Igbo coup.

Hundeyin should rest.

Pressing the mumu button don cast.

olisaEze:
Isn’t it time Nigerians understand that this politics of stomach just won’t do if governance is ever going to become responsible and accountable in Nigeria. People, intent on a better society, must be deliberate in understanding their country’s most urgent developmental needs, vote for those who can deliver same, continue to evaluate the fidelity of elected leaders to their promises, keep the tabs on them and demand performance! Political leaders in advanced democracies are human too, & as such, they have tendencies to be selfish, avaricious and even criminal. But they are cautious for two reasons—citizens are alert, and the rule of law is supreme. Enough with the mindless zombie politics, there is no wisdom in burning down your father’s house to warm cold eba!

Can you give names?

Lookmun:
Lol

They would sell it for pennies not just to connected people (which is not bad in itself) but to incompetent people who cannot run these facilities. They’d sell and get kickbacks in return. It’s not enough to want something to work, you need to have the capacity to make them work.

But why would they even do this? Because there is a lucrative market for importation so if you have not purged that system and you think that by selling the facility to private owners, you have solved the problem NNPC refineries, you are in for a big shock.

You want to continue with the same strategy?

By all means, be my guest.

People have become grandparents, waiting for them to work.

You believe these ones?

Lookmun:
You have to understand that the problem is deeper than the state running the facility. It’s the corruption and the hand of greed that’s the problem. You conveniently ignored the scenario I painted about privatizing and selling to cronies. Will that make it work? No.

There are gains being made from inefficient working of these facilities. If you don’t recognize that, your privatization solution will only a text book solution.

Yes, it will make them work.

From time, it would always be the connected that would purchase such facilities.

The cost of purchase, if considerable, would ensure the buyers have no choice but to make them competitive.

Lookmun:
Whatever works is okay for me but I disagree that WE MUST privatize. There are countries whose state oil companies run their refining business. I tell you, even if we privatize today, so long as that corruption element is not undone, the same people will sell to themselves or their private stooges that lack the capacity to run those companies and then we are back to square one. Like I said, I don’t mind privatization but the issue is deeper than that.

I don't know how old you are, but our refineries haven't worked for close to 40 years.

You want to keep betting on them?

Lookmun:
If they are serious about dealing with monopoly, they can make the local refineries truly work. Question is how much PMS does PH refinery give us daily at present? I’d be glad to know if you have the answer. All these audio performance will not help. Aramco and Petrobras run their refineries in their respective counties through alliances with other private sector players. Who says they cannot go toe-to-toe with Dangote?

Now we hear that a local company has excess PMS which is even the cheaper option. We hear that he sometimes has to source for crude abroad because of epileptic implementation of the crude supply agreement he has with the government. This company is refining PMS and the government is actively aiding importation when we hear that Nigeria spends N5.5trillion on petrol and diesel imports in 4 months.

Exchange rate is at a record low at 1500-1600 and then instead of cashing in on what we produce locally to reduce the pressure on the naira against the dollar, the government is aiding the process by which the naira will remain in a bad place.

If you say the currency has stabilized, I ask you what’s the plan to bring it down to reasonable levels? Or do you think that 1500-1600 is a good place to be forever? If you agree that that’s not a good place to be, why would you encourage importation like that when you have all it takes to get your refineries truly producing.

If they are truly serious about fighting monopoly, get Dangote to commit to a certain percentage margin after factoring costs and all and if not, you will exercise your regulatory role to curb their excesses.

Importation of the most important FX parameter is never the solution in the face of a weak currency.

Which local refinery?

They should all be privatised.

We can't be doing the same thing for 40 years , keep getting the same result.

RemoveKebab:
make M23 use am do suya abi

No venture no gain.

Try Congo.

Gboss247:
Where will the forex come from?

Wherever people source forex from.

Do you understand what a free economy means?

What is K jeff?

K could stand for many names:

Kevin, Kelechi, Kabiru Kevwe, Karimu, Kufre, Kwale, Kofi, kraseman, etc.

Gboss247:
"They have a problem with it" or you have a problem with it?

I don't have a problem with it.

It's a free economy.

If you can get it cheaper, please do.

He must contest.

We want to see something.

Gboss247:
I think you need to use your internet browser app more effectively

How so?

Dangote sells at a rate cheaper than imports.

Yet you have a problem with it.

Gboss247:
Cheaper at €1.698 (2,693NGN) from Belgium while Dangote is 890NGN

Then don't import.
Problem solved.

Forty one 9 investments company.