₦airaland Forum

Managing Director, Nigerian Port Authority (NPA), Hadiza Bala-Usman
29'

BALA-USMAN; With FG Paying Cost of Funds, It’s Impossible to Reimburse INTELS $2.7bn

September 27, 2020 3:19 Am

A few years ago, the Nigerian Ports Authority on behalf of the federal government entered into an agreement with a sister company of INTELS Nigeria, Deep Offshore Limited to build 200 metres of the berth at Onne port, Rivers State. To recoup its investment totalling $2.7 billion, INTELS signed another contract with the NPA for service boats revenue collection and agents management with 72 per cent of the revenue going to NPA/INTELS to service the debt and the balance 28 per cent as commission to INTELS. The service boats contract expired last month and INTELS has insisted it must act as an agent to the federal government to collect pilotage revenue, while the NPA argues that the agreement does not reference INTELS or any agent, but revenue to offset the amortisation deal. After collecting the pilotage revenue for 10 years, the $2.7 billion has not been paid off. The Managing Director of NPA, Hadiza Bala-Usman, in an interview with Eromosele Abiodun, explains why


Recently, there were reports in the media that the NPA had terminated its pilotage contract with INTELS. What exactly is the situation?

The NPA had a contract with INTELS that commenced on August 9, 2010, and expired on August 8, 2020. It’s a 10 years contract for service boat revenue collection. The agreement we had with INTELS was for revenue monitoring, for managing agents, for service boat collection in our pilotage district.

They collect revenue and monitor operations on behalf of the Nigerian Ports Authority, and the NPA gives them 28 per cent of the revenues collected. That is the agreement that was entered into. And that was the agreement we had issues with INTELS regarding compliance with TSA. Where they are mandated that the revenues collected should come into the coffers of the government before any remittance of the 28 per cent. So the contract as I said, expired on August 8, 2020.


There is an existing contract for the development of Onne 4B by Deep Offshore, a sister company to INTELS. Part of the agreement with Deep Offshore is an amortization project where the NPA engaged Deep Offshore to develop Onne 4B. It is a total contract of $2.7 billion, and it is an amortization, meaning that they will invest their money, and the government will now reimburse them from revenues. Their investment would be reimbursed from revenues collected from service boats. The contract is to develop part of the port at Onne and I encourage you to research and determine if indeed there was value for money for a $2. 7 billion project to build berth 12 to 19 and certain works in 2013. I’ll like you to research and make a comparison with the Singaporean ports and other ports that were built at the same time. Look at the facilities and the cost they spent building that port, you would see the huge differentials. $2.7 billion is huge money that the Nigerian government decided to invest in building, not a full port actually, it is 200 metres of berth that was built.


I don’t want to give you that information but I would encourage you to research the construction of 2000 meters jetty berth 12 to 19, shore protection, water distribution system, road development, tower light system, upgrade of NPA facilities at the gate in Onne port. I will like us to do a global comparison as to what this amount of money would have built for Nigeria if indeed we had looked at it in a commercial sense, getting value for money for the country. I will take you on the linkage between the two contracts. As I said, the NPA would collect revenues on service boats and it would use that revenue to offset that amortization. But nowhere does it state that INTELS must be the ones that would collect the revenues. They are two separate contracts; it is directly linked to the revenue, not to the company.


I recall one of the issues that we have had in discussing the project is to do with indebtedness. Government owes Deep Offshore Limited, a sister company to INTELS for this development and monies are to be paid from that revenue sourced.

If you look at 28 per cent as an agency fee, that is completely high, agency fees are usually between 10 to 15 per cent across the board. In fact, there is a BPP directive around the fact that such commission should not go above 15 per cent. But here we are, INTELS is collecting 28 per cent, and one of the things that we have said is that we intend to reduce the cost of the agency commission to enable the government to have more revenues for itself, and consequently more revenues to settle its debt. When someone is continuously collecting 28 per cent, how do you see paying off that debt you have from the Deep Offshore project?


So, upon the expiration of the contract with INTELS and Nigerian Ports, INTELS now took Nigeria Ports to court. Just as the contract was expiring, we initiated a tender process to engage another company, to now provide that service.

INTELS has total monopoly across all the palliative districts, so, in this instance, what the NPA has done is to advertise and break it into pilotage districts. So that different agencies would work for each pilotage district. The NPA also reduced the commission to 15 per cent and we advertised. When we did the advertisement process, INTELS indeed participated and they made the bid.

https://www.thisdaylive.com/index.php/2020/09/27/bala-usman-with-fg-paying-cost-of-funds-its-impossible-to-reimburse-intels-2-7bn/amp/?__twitter_impression=true

Now this is very educative. Kudos op

Nairaland algorithm putting them back to back.

Haba why na, are they the only one?

By
Joseph Brendan
@joe_brendan_

I have been seeing many tweets that are not honest about the Kano-Katsina-Jigawa-Niger rail line.

Some people are saying it is of no economic benefit to Nigeria.




I will share my honest views and why it is an economically viable project

First, study the map of Africa

(Thread)
Image
Niger is a landlocked Country like Uganda Is.

Niger imports everything they need from France, India, USA, China etc from Countries around them that have Ocean lines.

By land mass, Niger is bigger than Nigeria.
A potential agro business destination for Nigerians
Borno state is twice the size of the south East in Nigeria.
at least 4 times of Borno is what you need to add to Nigeria to be the size of Niger.

They are heavily into Agriculture (Beans, Onions, Rice, Livestock, Soybeans, Maize, Sorghum, Millet )

They farm 3 times what we farm
Building a rail Line to connect such a market is to our favor because if we have plans to have all seaports in Nigeria busy then we must create a market for them.

One of the reasons seaports cannot be viable in Akwa Ibom and Calabar is because there is no market


And people will say now that there is market.

Question is. Have you seen real seaports ? Miami, Shanghai, Kenya, etc.

If you see those ports you will know that Apapa and all Lagos ports is a small shop.

We need to expand our market to our neighbors
Currently the export between Nigeria and Niger is not organized.

That beans you just ate most likely came from Niger. the beef you just ate too. the tiger used in that tiger nut drink also.

Niger supplies us most of those things currently.
Incase you do not know
It is needed for the govt to establish a structured rail line and port relations with Niger.

With that, USA, India, France etc can use Akwa Ibom, Calabar, Onne which are better seaports than Lagos to trade with Niger.

Just how Kenya is used for Uganda
We also on the other hand can invest in Agriculture in Niger republic using the AFCTA grounds.

Now, Invest in a farm in Niger, move produce to Nigeria where there is population.




Or better move produce to Nigeria for export with Niger trade partners in Uyo or Onne
Also, there is Mali, Burkina Faso, Algeria markets that we can access through Just Niger.

Do not always see things from sentimental and political angles always.

Learn to wear your business glasses sometimes.

15 years from now, these things will be Booming
In Africa, Landlocked countries are the targets. They are populated with large land mass. Uganda is over 100 million people.

Niger is an estimated 200 million People market. And you think accessing such market for trade is a wrong move ?

The rail line is a good move
Currently we are losing out with the Benin,Togo trade. EU and France are using those countries as shops to sell to us only.

What can Togo and Benin buy from us. You can drive Togo in an hour. Surulere is more populated than Togo.

So what can they buy ?

Niger is a market worthy


We will be foolish to allow the Niger Import and export business to Togo and Benin only.

Northern Nigeria is the Agric hub of Nigeria.

Exposing their farmers to a new 200 million people market is worth it.
Incase You never knew
Nigeria heavily imports beans from Burkina Faso which passes through Niger to get to us.

In Lagos alone over 2000 cows are slaughtered daily. Most come from Niger.

Leathers, Steel, Rams.

Niger produces 1million tonnes of Onions yearly and we import
@mentions
• • •

By
Joseph Brendan

I have been seeing many tweets that are not honest about the Kano-Katsina-Jigawa-Niger rail line.

Some people are saying it is of no economic benefit to Nigeria.




I will share my honest views and why it is an economically viable project

First, study the map of Africa

(Thread)
Image
Niger is a landlocked Country like Uganda Is.

Niger imports everything they need from France, India, USA, China etc from Countries around them that have Ocean lines.

By land mass, Niger is bigger than Nigeria.
A potential agro business destination for Nigerians
Borno state is twice the size of the south East in Nigeria.
at least 4 times of Borno is what you need to add to Nigeria to be the size of Niger.

They are heavily into Agriculture (Beans, Onions, Rice, Livestock, Soybeans, Maize, Sorghum, Millet )

They farm 3 times what we farm
Building a rail Line to connect such a market is to our favor because if we have plans to have all seaports in Nigeria busy then we must create a market for them.

One of the reasons seaports cannot be viable in Akwa Ibom and Calabar is because there is no market


And people will say now that there is market.

Question is. Have you seen real seaports ? Miami, Shanghai, Kenya, etc.

If you see those ports you will know that Apapa and all Lagos ports is a small shop.

We need to expand our market to our neighbors
Currently the export between Nigeria and Niger is not organized.

That beans you just ate most likely came from Niger. the beef you just ate too. the tiger used in that tiger nut drink also.

Niger supplies us most of those things currently.
Incase you do not know
It is needed for the govt to establish a structured rail line and port relations with Niger.

With that, USA, India, France etc can use Akwa Ibom, Calabar, Onne which are better seaports than Lagos to trade with Niger.

Just how Kenya is used for Uganda
We also on the other hand can invest in Agriculture in Niger republic using the AFCTA grounds.

Now, Invest in a farm in Niger, move produce to Nigeria where there is population.




Or better move produce to Nigeria for export with Niger trade partners in Uyo or Onne
Also, there is Mali, Burkina Faso, Algeria markets that we can access through Just Niger.

Do not always see things from sentimental and political angles always.

Learn to wear your business glasses sometimes.

15 years from now, these things will be Booming
In Africa, Landlocked countries are the targets. They are populated with large land mass. Uganda is over 100 million people.

Niger is an estimated 200 million People market. And you think accessing such market for trade is a wrong move ?

The rail line is a good move
Currently we are losing out with the Benin,Togo trade. EU and France are using those countries as shops to sell to us only.

What can Togo and Benin buy from us. You can drive Togo in an hour. Surulere is more populated than Togo.

So what can they buy ?

Niger is a market worthy


We will be foolish to allow the Niger Import and export business to Togo and Benin only.

Northern Nigeria is the Agric hub of Nigeria.

Exposing their farmers to a new 200 million people market is worth it.
Incase You never knew
Nigeria heavily imports beans from Burkina Faso which passes through Niger to get to us.

In Lagos alone over 2000 cows are slaughtered daily. Most come from Niger.

Leathers, Steel, Rams.

Niger produces 1million tonnes of Onions yearly and we import
@mentions
• • •

1. We blame government for everything and the kitchen sink and it is beginning to annoy me. Yes, they have not done well with communication but what do you say about the media that blocks every single FGN project and instead spins the wrong narrative. If FGN is being blackmailed/

2. by a 'rogue' media, how does that help society to access the news. It seems like the motto of the 'rogue' media is: "No brown envelope, no news coverage." Fair enough, so the next thing is for the FGN to use its own media that it is paying salaries to the staff./


3. The FGN has TV and Radio and all the news it wants to get across are on these media, then we the citizens don't watch them because we say they have boring programmes. Catch 22. We watch CNN and it is a news only station. We watch channels where negative spins are aired daily/

4. We need to examine ourselves as Nigerians? Do we want to clean our Augean stable truly or we want to delight in complaining? @AjuriNgelale Ajuri gives us news, we say he is the only one. That is his work and he is doing it well. @toluogunlesi gives us news, @GarShehu posts/

5. @NGRPresident posts. All Government handles that post, you find many ill-bred children troll them with abuses and curses and the madness of IFB. @BashirAhmaad posts. We need to examine ourselves and speak truth to ourselves. And I am also tired of we Buharists and our whining/

6. We are volunteers. We selflessly opted to defend our country, let us do it selflessly always. I don't care to be praised, or recognised. I care that some pernicious beings should not destroy my nation. I travel abroad and see things done there and I know that if we did not/

7. have so much theft of our commonwealth, our nation will be greater than many of the countries. Yes. I see houses in VI/Ikoyi and Abuja and elsewhere. They are much much better than houses abroad. Some US citizens visited us a while back they kept knowing on our walls & saying/


8. "real block", real blocks. Many of their houses in the US are wood, ours are concrete. Let us start seeing our country as a great country and everyone should work for improving this country. If you need information about what they Government is doing, ask on this platform/

9. Many of us know and will give you information, but stop complaining daily about the Government not giving information. Many of us don't want to know and that says to me that we are not "hungry" enough to seek help where it can be available. Governance is a two-way street/

10. Government has obligation to tell us and we also have obligation to seek and find.

Now Mummy has spoken like a Mother. Sorry if you feel talked at, I don't mean to be nasty, but I want us to stop complaining & actually help our nation to develop.
Thank you & God bless you.
• • •



Arinola Ifeoma I. Awokoya
@iyaboawokoya

Mark it, OBASEKI will be disqualified.

The case of Bayelsa is about to repeat itself in-reverse here. Wailers prepare.

Madibah:
I agree that the pdp regime was corrupt but we were still living fine
But with just 5 years APC has been ruling now it's more worst than PDP 16years
So tell WTF
We know politicians are corrupt but APC is taking corruption to the next level..
Una go find out before 2025

You think we're suffering now, no its building. Every country has passed this stage but we keep on shifting it forward by different administration of the pdp. If Obasanjo has done the nation building Buhari is doing currently, we would have reaping and enjoying the goodies by now.
So I'm sure you will see it by 2025. God keep you alive

AmazingELixir:



Buhari has finished us in this country.

It is still Buhari s fault abi. Una go dey OK las las

NwaNimo1:
For buhari to squander and loot?

Always read to comprehend

Nigeria asks for $1.1 billion advance from Eni, Shell in graft case
Emilio Parodi
REUTERS/AFOLABI SOTUNDE

MILAN (Reuters) - Nigeria asked a Milan court on Wednesday to order Eni and Royal Dutch Shell to pay $1.092 billion as an immediate advance payment for damages it is claiming in one of the oil industry's biggest-ever corruption trials.

At a hearing into alleged corruption linked to Eni and Shell's 2011 acquisition of the OPL 245 field, Lucio Lucia, lawyer for the Nigerian government, called for a guilty verdict and an advance payment, ahead of any broader damages package set by a court at a later date.

Lucia did not specify how much Nigeria was seeking in damages overall but said the disputed deal had deprived Abuja of "profit oil", adding "these are massive amounts".

The lawyer said that calculated under two different scenarios, the profits that had been lost amounted to $4.5 billion and $5.9 billion respectively.

The long-running bribery case revolves around the purchase of the OPL 245 offshore field, some 150 km off the Niger Delta, for about $1.3 billion from Malabu, a company owned by former Nigerian oil minister Dan Etete.

Prosecutors allege that about $1.1 billion of that was siphoned off to politicians and middlemen, half of it to Etete himself.

Shell says the 2011 agreement was a settlement of long-standing litigation, following the previous allocation of the block by the Nigerian government to Shell and Malabu.

Etete, Eni, Shell and the managers accused in the Milan court case, including Eni CEO Claudio Descalzi, have all denied any wrongdoing.

Eni said in a statement on Wednesday that the purchase price for OPL 245 was "congruous and reasonable" considering the value of the field and investment needed to bring it into production.

In July, prosecutors in the case asked for Eni and Shell to be fined and some of their present and former executives, including Eni's Descalzi, to be jailed.

They also requested the confiscation of a total of $1.092 billion from all the defendants in the case, the equivalent of the bribes alleged to have been paid.

The next hearing in the trial is scheduled for Sept. 21, when the defence is due to present its case.

(Reporting by Emilio Parodi; Writing by Stephen Jewkes; Editing by Jason Neely and Alexander Smith)

https://mobile.reuters.com/article/amp/idUSKBN2601JK?__twitter_impression=true

Cyberterror:
Buhari has been good to Igbos

But they will still use it to buy data to still abuse the same Buhari

DISCOS OWNERS

Owners of Electricity Assets in Nigeria (including the money they paid to the GEJ government) If you have any quarrels with high tariffs, please knock their doors.

1. Transcorp/Woodrock Consortium (Ughelli Power Plant)
Mr. Tony Elumelu, Mr. Obinna Ufudo (CEO,
Transcorp Group) Mr. Adeoye Fadeyibi
$300 million :Power Generation

2. Amperion Power Distribution Limited (Geregu Power Plant)
Mr. Femi Otedola (Chairman, Forte Oil), Mr. Akin Akinfemiwa (CEO, Forte Oil)
$132 million
Power Generation

3. Mainstream Energy Solutions Limited (
Kainji Hydro Electric Plant and Jebba Hydro Station)
Col. Sani Bello (Chairman, Mainstream), Alhaji Ismaila Isa (Vice Chairman, Mainstream), Brig Gen. Tunde Ogbeha (Director, Mainstream)
$170 million
Power Generation

4. North South Power Company Limited
(Shiroro Power Station)
Eng. Olubunmi Peters
$111.7 million
Power Generation

5. KEPCO Energy Resources Limited
(Egbin Power Station)
Mr. Tonye Cole (CEO, Sahara Energy Group), Mr. Tope Shonubi
$407.3 million
Power Generation

6. NEDC/KEPCO Consortium
Asset: Ikeja Electricity Distribution Company
Cost:
: $131 million
Mr. Kola Adesina (Chairman NEDC/KEPCO), Mr. Tonye Cole (CEO, Sahara Energy Group), Mr. Tope Shonubi (Executive Director, Sahara Energy Group)
$131 million
DISCO

7. Vigeo Power Limited
Asset: Benin Electricity Distribution Company
Mr. Victor Gbolade Osibodu (
(Chairman, Vigeo Holdings) Mrs. Funke Osibodu (CEO, Vigeo Power)
$129 million
DISCO

8. KANN Utility Consortium Company Limited
Asset: Abuja Electricity Distribution Company
Alhaji Shehu Malami(Chairman, KANN Consortium),Mr. Neil Croucher (CEO,KANN Consortium)
$164 million
DISCO
9. Sahelian Power SPV Limited
Asset: Kano Electricity Distribution Company
Alhaji Yusuf Hamisu Abubakar (CEO, Sahelian Power), Alhaji Umaru Mutallab (Chairman, Sahelian Power)
$102 million
DISCO

10. 4Power Consortium Limited
Asset: Port Harcourt Electricity Distribution Company
Mr. Augustine Nwokocha (Chairman, 4Power Consortium), Governors of Bayelsa, Cross River, Akwa Ibom and Rivers State
$124 million
DISCO

11. Integrated Energy Distributing and Marketing Limited
Asset: Ibadan Electricity Distribution Company, Yola Electricity Distribution Company
Gen. Abdulsalami Abubakar (Chairman, Integrated Energy), Mr. Tunde Ayeni (Vice Chairman, Integrated Energy), Dr. Sola Ayandele (CEO Integrated Energy)
$126.75 million
DISCO

12. Interstate Electrics Limited
Asset: Enugu Electricity Distribution Company
Sir Emeka Offor (Chairman,
Chairman, Interstate Electrics Limited)
107.4 million
DISCO

13. West Power and Gas Limited
Asset: Eko Electricity Distribution Company
Mr. Charles Momoh (Chairman, West Power and Gas), Dr. Tunji Olowolafe (Director, West Power and Gas), Mr. Ernest Orji (Director, West Power and
Gas)
$135 million
DISCO

14. Aura Energy Limited
Asset: Jos Electricity Distribution Company
Alhaji Garba Mohammed Noma,
$82 million
DISCO

These are the people FG under @OfficialPDPNig sold us to.

There address is against the law but you can do that on your own.
• • •

And they are well protected in the agreement that if the FG dear to reverse they have to pay $8b. Their hearts is disease. All tribes and religions are all involved. But the most painful part is that Minister Of Information is sleeping on duty without enlighten the citizens with info.


Twitter : @Gen_buhar

So where's the PDP when their tax collector Emperor Wike was doing the same for Rivers lawmakers and judges.

Bloody hypocrites.

G E J SHOULD BE ASHAMED WHEREVER HE IS NOW

I think PMB should test the case of Discos..in the court with this $8billion obnoxious clause In the agreement

FUEL SUBSIDY REMOVAL - WHAT TOOK YOU SO LONG?

Dear Nigerians,

The subsidy removal is like an effective medicine that taste awful at the beginning of the treatment. It will get better and it will create JOBS.

THREAD of an Unpopular Opinion
Can we eat our cake and have it? Subsidize PMS while building infrastructure, funding education and at the same time creating good jobs?

I will start with what we know about our subsidiy regime.
According to the attached report, Nigerians consume 38.2 million litres of PMS daily. This, based on the old 145/ltr price, means if subsidy or under recovery is still in effect, the govnt would have been paying ₦6.56 per litre every time you fill up. thisdaylive.com/index.php/2020…
Image

Petroleum Ministry, DPR Differ on Nigeria’s Daily Fuel Consumption - THISDAYLIVE
Emmanuel Addeh in Abuja The Ministry of Petroleum Resources, the and the Department of Petroleum Resources (DPR) have disagreed on how many litres of the products Nigerians utilise daily. While the la…
https://www.thisdaylive.com/index.php/2020/06/02/petroleum-ministry-dpr-differ-on-nigerias-daily-fuel-consumption/
So, expenditure on subsidy would have amounted to about ₦250M/ day or over ₦90B annually.
We know crude oil prices will change hence the need to review the past to gauge what subsidy may cost us annually.
In 2019, subsidy amounted to ₦1.149 trillion in the same year that the national budget was 8.83Trillion (13% of budget).
What about in 2018?
In 2018, the subsidy cost us over ₦700B while in the same year, we spent less than ₦50B on education capital expenditure. Nigerians prioritize cheap PMS over the quality of education of our children. Most elites can afford private school, who suffer?


Nigeria spent N722.3 billion on fuel subsidy in 2018 - NEITI Report
The NEITI report further disclosed that total crude oil lifted for both export and domestic sales in 2018 was 701 million barrels, representing
https://www.premiumtimesng.com/news/top-news/385394-nigeria-spent-n722-3-billion-on-fuel-subsidy-in-2018-neiti-report.html
Again, in a yr that we allocated only 6.7% of our national budget to education, we spent a higher % on subsidy. If this is not misplaced priority, I do not know what is. The subsidy is hurting the future of poor people's children more than the removal

Education ministry gets 7.02% of Nigeria's 2019 budget | EduCeleb
The Federal Ministry of Education has been allocated 7.02% of the 2019 budget by the Nigerian government. This is based on the estimates given by President Muhammadu Buhari on Wednesday during the bud…
https://educeleb.com/education-ministry-nigerias-2019-budget/
The price increases will eventually lead to a reduction relative to crude oil prices in the future. With more players in the market, the price will eventually start falling.
I am not saying that PMS prices will never increase with increases in crude oil prices, NO! Far from it. I am simply saying if we had left the industry to market forces years back, we would have been paying less than 156/litre today.
Example - The savings from the unncessary cost of shipment of crude to other countries for refining and cost of shipment of refined petroleum back into the country, the higher cost of labour in those countries etc would have reflected in our pump price. But how?


To compete successfully in the deregulated market more businesses will figure out it is better to build a refinery in Nigeria than importing. More refineries mean more well-paying jobs to the locals which also means more revenue for the government to fix bad roads. Guess what?
There are many benefits that comes from the removal of subsidy. I will not go into details on them but see below my comment on Facebook in 2015. I will move straight to job creation
This is what I wrote in 2015 on Facebook -
Image

According to the 2020 Q2 workforce data recently released by the NBS, people of working age (between 16-64) are about 115.5 million out of which the NBS reported 80.3 million were actively in the job market. Of the 80.3M, about 21.8M did not work up to 20 hours per week.
As if that is not bad enough, of the 21.8M, about 9.4M did not work at all. We want to spend hundreds of billions on subsidy while almost 10M Nigerians did not have any means of livelihood.


Paying our fair share can lead to jobs for some of the millions of unemployed?
Many of the exporting nations have created millions of Jobs from the crude oil and petro chemical industry. Our main refined crude oil trade partner Netherland view the industry as a major wealth and job creator.

Netherlands - 2018, largest exporter of petrochemical to Nigeria with a $ value of over $4B worth, the petrol chemical industry is the top creator of sustainable jobs and wealth. �� produces less than 100,000 B/PD while Nigeria produce over 2 million barrels per day. Go figure.
Image
Netherland that produces far less crude oil still export more than double all Nigeria's export in processed crude and chemical alone. �� export of processed fuel and chemicals alone was about $140B while �� total export of all products was less than $70B.

wits.worldbank.org/CountryProfile…
So why is Crude oil processing such a job creator? Look no further than the products and byproducts of crude oil. The refinery and its supply chain are a huge job and wealth creator. Remember, crude oil is beyond just petroleum.

The process of turning crude oil to other products create jobs and there are 10’s if not hundreds of thousands of jobs to be created in the processing. The job creation extends to the industries that converts available and affordable feedstock to produce other final goods.

Some of the products from are – Transportation fuel, heating and cooking oil, electricity generation oil and gas, raw material for the manufacturing of plastics, synthetic raw material used for making many products including synthetic fiber, and chemicals used in paints.

See the lists of some of the thousands of products that can be made from or contain products or byproduct of processed crude oil. All these will be almost impossible with subsidy because refineries can not quicly react to changes in crude oil (input) prices.
Image
Image
Image

If you think the only jobs that will be created with the building of more refineries are petroleum industry jobs, you need to get up wherever you are right now and start looking around. YOU ARE SURROUNDED BY products made with more or few inputs from the industry. JOBS JOBS JOBS
We are drinking our jobs with the subsidy straw.
My opinion will remain meaningless if our office holders, appointees and some of our civil servant don't show real progress in curbing excessive spending.

My hope is that as we move forward, Nigerians will care more about corruption & less about religious and tribal sentiments
Like the Kaya wo/man that eats food s/he can't afford, we have been eating the skin on our head. Alaru ton je buredi ni gbogbo wa.
• • •

We asked for subsidy removal, we'll here it is.

Please I need a car for weekly rental.
I have both uber/bolt account.
Location is Alimosho .
You can reach me on 0809 063 1456 same on WhatsApp.
Thanks

Tyrant Governor

A sane person will know that ipob is painting the south east in a very bad light.

All these children of hate and anger are still not happy with this development.
What exactly is the color your problem?

THE MESSAGE IS CLEAR FOR THE CLUELESS


“I have no doubt that you might have prior and in-depth knowledge of Nigeria’s huge potential which you will hopefully see for yourselves.

“I, therefore, urge you to go around the country, see things for yourselves, and report to your home governments.

freeborn02:
And what makes him an expert?

Go check him out on Twitter and see for yourself what he has done for other countries.

AkwaIbomMan:
@bolded how is it a lawful organisation when it was proscribed by FG in 2017?

Leave them. Let them continue with the ignorance of the law. Even the international communities will still support this government if it comes to full blown one.

You guys are not tagging US, UN, ISRAEL TRUMP again. What has changed?

I'm wary of prominent igbo leaders keeping quiet in all of these. Speak up and talk to your kinsmen they can never achieve anything this except death.

This is an expert explaining that to you slowpokes

PDP pushed us in so many terrible debts that it will take the grace of God to save us.

For those saying this is not PDP issue please do your research on those who signed the contract.

GeneralPula:
Olusola was arrested and detained on the orders of Jonathan for creating a twitter parody account and was denied access to a lawyer while he stayed in detention for over two months.

Oga Jona self..

A TYRANT but they won't say it

PrecisionFx:
Buhari has nothing to do with it.

Buhari also has nothing to do with the ships now docking in Onne seaport.

Maerskline insisted on taking their ships coming in from China, Singapore & Malaysia to Onne port cuz they are tired of waiting 25 days to clear their ships in Lagos ports

Hahahaha silly info.
So they can move to any port without government intervention because they own it abi?
Where were you when this government was dredging and putting so many things in place to accommodate even bigger ships in the South South and east. .

Continue fooling yourselves with this unnecessary HATRED.

Charmingrascal:
Buhari is really working in the South East

But they still hate him more than anything.
If we want to be honest with ourselves, PMB has done more than what has done in 16 years. Especially in the southeast.

Thank you Buhari.
God bless you.
Sai Baba

Bestnaijatechs:
Source>>>https://www.bestnaijatech.com/tecno-pop-3-price-in-nigeria-specs/

Tecno POP 3 price in Nigeria: Tecno POP 3 price in Nigeria is going to cost N22,500 in Nigerian currency an equivalent of 62 USD, depending on your location and region.

Tecno Pop 3 features a 5.7 inch IPS LCD display with a screen resolution of 960 by 480. The Pop 3 also runs on the Android 8.1 Oreo and powered by MediaTek MT6580 Quad-Core processor with 1GB of RAM, an internal storage of 16GB, which also supports Microsd Card extended up to 32GB.

Design and Display.

Tecno Pop 3 is made up of plastic body design, and it is obtainable in champagne Gold, City Blue, Purple and Midnight black. It spots a 5.7 inch full view display with a screen resolution of 960 by 480 pixel and 18 points 9 aspect ratio.

At the top bezel, a camera with flashlight is placed there. While at the back/rear, a single camera with flash and fingerprint sensor are positioned there.
POP3 Camera Review.

The Pop 3 comes with single rear camera, a 5mp AI beauty technology. While at the front facing camera has a single 8-megapixel f/2.0 aperture.

Software And Hardware.

The Pop 3 came running on the Android 8.1 Oreo out of the box. It hosts a Quad-Core MediaTek MT6580 processor, clocks at 1.3GHz, an Mali 400 MPz GPU paired with 1GB of RAM.

For the complete specification, click here>>>https://www.bestnaijatech.com/tecno-pop-3-price-in-nigeria-specs/

This is a terrible phone. I used it and dumped it for another one just within 3months.