Removal of Subsidy was a show of power on how election was won, selfishness, pride, arrogancy, and a lack of administrative known how and a show of lapses between the past and Present Presidents....

Tinubu is not a man you can talk to and he listens, tell me what any man can tell him that he will see as being wiser than his wisdom?

So whatever you see in his administration, pls bear with him, this kind of person is who only God can humble....

I won't say much... But fear isreal.... D smart ones surrounding them... No find trouble and they are peaceful.... Even Egypt no chook mouth for their matter again.... U see say d new Iranian president no talk anyhow like d old one wey die for helicopter crash

Jideagboola15:
Need help guys , Got denied today ,Planning to apply again soon as my resumption is January

School :Webster University
Funding :15% discount deficit $26000
SOA from dad shows : $47,000
GRE score :330

Interview was short and honestly I have no idea why I was denied , I’m guessing strong home ties , it went like this

VO: what is program are you going for?
Response : I’m going for Masters in International Relations and Affairs

VO: What school are you going to
Response: Webster University

VO: What is the address of your school
Response:470 Lockwood avenue St. Louis Missouri

VO: do you have any relative in the US ?
Response : No I don’t

VO: what is your current job
Response : I’m a lawyer

VO: How long have you been working as a lawyer ?
Response : for 2 years ( it’s my first interview and I really practiced maybe I should have explained further what I do .

VO: I can see you have a $24000 deficit who is funding your studies ?

Response :My Father (was expecting him to ask further questions on what he does and financial statements, but that what the last question

VO: sorry you are not qualified for Visa at this time , hands me the pink paper

Honestly I’m finding it hard to prove home ties ,I’m not married ,have no established business here ,was hoping he asked me about my program and what I plan to do with it , also any suggestion to get a school with better funding with my GRE score would be duly appreciated .

Just curious in general about your profile. Webster University is a good private school and well ranked in the Mid West however, if you have a good undergraduate GPA, with your GRE score, you might be able to get a better option for Fall in terms of funding.

That said, when next you are asked about your current job, try to respond better. I am a lawyer is not sufficient as you could have talked about where you practice and what exactly you are into. If you are not stopped, talk about the interesting cases you have handled etc. If you look through the next question, you will realize she also gave you another opportunity to clarify but you did not seize the opportunity.

Lastly, as for schools, use www.usenews.com/education to find schools that have the program you want. Explore the various programs and funding available and take it up from there.

God is just merciful. Humans are the wicked one. If Tinubu is the one in charge of a yam like this, he will never allow it to grow to this level or immediately talk to the land not to give it enough nourishment to survive.
To be sincere, I'm afraid of changing my car to CNG cos once these people see people changing to CNG, they will immediately increase the price to be equal to petrol. This is how wicked this government is.

Ghostagain:
As I said long ago, social media gave a voice to dumb people whom we wouldn't be hearing from otherwise. Thanks to social media, dumb people can talk alongside smarter people.

This fuuu like giving himself hope. Dey play dumbo

trutharena:
Make we no talk wetin we go regret o

Some people can not do without "bitterness" you will find bitter in the topic and body of the post. A post from bitter Obi supporter will always sound and taste bitter

EyeCumInPeace:
Why is Wike looking like...

Make I no talk wetin dey my mind.

Those are the biggest politicians and public figures from SS and well hated by "we SE and SS" crew

As I said long ago, social media gave a voice to dumb people whom we wouldn't be hearing from otherwise. Thanks to social media, dumb people can talk alongside smarter people.

Hello Nairalander

Something pop the question for discussion this evening when I help a friend contact a house agent for accomodations.

Fortunately, I was able to secure a deal with the agent for inspection. To my amazement, the agent told be emphatically that " But the Landlady is also Living in the house"

The way the Agent explained the presence of the lady even shows that he knows that there is trouble oo, so that anybody who is coming should be well prepared.

That emphasis made me to realized how many land ladies are very wicked and unaccommodating to their tenants.

Is the trend all about landlady's or personal character either a landlady or landlord.

Have you had any experience with a frustrating Landlady before

Is it time to educate landlady to take life easy.

Why is Wike looking like...

Make I no talk wetin dey my mind.

Ojuntana:

Who was Odili's candidate in 2007? You guys should stop rewriting history. Even OBJ came to Rivers last year and he still repeated it that he was the one who imposed Omehia on Odili.
I'm not aware Odili and Amaechi are fighting. Both are maintaining their lanes. How did Amaechi instigate the attack and dismissal of Odili? I'm hearing something new today. Wike took the office of gov through patience not odili. It is a story that has been told many times. Today, Wike is no longer talking with Patience his benefactor.
The fact is no matter how you try to turn it, Wike has the reputation of turning friend to foe and vice versa. He reconciled with Abe his sworn foe recently not so?

wike has no issues with patience, you have no proof that he doesn't talk to patience. Patience has never called out wike, they were visitors at the government house wike was there. Abe is also not wikes foe, Abe and wike were just in different political party, as a matter of fact Abe got contract from Rivers State government when wike was governor, Abe has always called wike his friend because they have both been imprisoned prior to this time, you just confirmed that you know nothing about Rivers politics. Bye.

Make we no talk wetin we go regret o

Ours is still stuck in Sent. So like how long did it even take to move to `under review`? All these embassies just dey use us dey catch cruise.

lolibaby:
Hello everyone, i had to talk because i don tire.since july,i submitted my documents,i sent a mail they replied and said check the website .The website has been saying under review for a while now.Abeg wetin dey happen?

https://www.politico.ng/why-dangote-may-not-announce-the-price-of-fuel-by-lai-omotola/


ISSUES IN MY COUNTRY WITH LAI OMOTOLA

Why Dangote May Not Announce the Price of Fuel.

Recently, Dangote Refinery commenced the lifting of premium motors spirit known as petrol. Quite a number of people across Nigeria celebrated the commencement of this lifting.

It was a joyous moment when the Minister of Finance came in to inaugurate the lifting. Later in the day, it was reported in one of the media outlets that Dangote had sold fuel to the Nigerian National Petroleum Company Limited (NNPCL) at the rate of 766 Naira per litre. NNPCL swiftly responded that they never bought fuel at 766 Naira per litre and that indeed they bought the fuel at 898 Naira per litre. Dangote quickly responded that the price NNPCL quoted was not true and that the only body that can give the true price of the fuel is the technical subcommittee set up by the Federal Government,

This has left many Nigerians confused and frustrated. Up to this moment, Dangote has not announced the price of fuel. Lots of media houses and analysts are making efforts to get the price of Dangote fuel, and up till now they have not been able to, and this has become more frustrating.

PRICING TEMPLATE

Today, I want to break down the price for you and reveal some things that will guide us. I think primarily Dangote doesn't want to reveal the price himself. The reason is very simple. When Dangote wanted to start this refinery, he hinged this refinery on two pillars; number one, this refinery will reduce the price of fuel in Nigeria drastically and also stop fuel scarcity.

These two things were sold to the federal government as well as Nigerians. So the Federal Government sees the coming of the Dangote refinery as the coming of that of a messiah. So Dangote understands that the momentum behind him is the people of Nigeria; therefore, breaking the news that the price of fuel would skyrocket to 898 naira per litre would automatically make him lose the support of Nigerians he has been having for years. Therefore, announcing such a price will make many Nigerians see him as a terrible businessman. So, for this reason, Dangote has been very careful in announcing the price; instead, he allowed NNPCL to come up with the price and that people should see that NNPCL is actually the culprit.

Really, who is the problem in the midst of this scene? By the time I break it down, the decision to know who is at fault will be yours. So let's go.

NNPCL later came out to bring out a price template. The pricing template says it all. The template has revealed quite a number of things. If you are a business analyst, with the pricing template that's been shown, you can know the length and breadth of this transaction.

What can we deduce from this pricing template? Number one, the price of crude oil is or was sold in dollars, and we have the price of crude oil in tonnes, and we have the price of crude oil per litre, and NNPCL is the one that supplies the larger portion, if not all, to Dangote, and the cost of raw materials is about 85%. The partnership between NNPCL and Dangote is that NNPCL would supply crude oil to him and he would refine, so NNPCL would cover the cost of the supply and also the cost of the refining.

The cost of refining one litre of petrol to Dangote is 56 naira, and NNPCL puts the price of logistics after the regulatory fees. The cost of logistics within Lagos is 15 Naira per litre, and NNPCL puts the margin at 56 Naira per litre, and by the time you add all these together, it will give you 898 naira, and by the time you move to any petrol station within Lagos, it lands at 950 naira, after the middlemen have added their home margins.

So what is clear by this template is that the cost of refining fuel for dangote is 56 naira per litre which is certain. The question is this: if Dangote is refining at 56 naira per litre, is it high? Is it competitive? Is it average? Also, Dangote can break even by refining at 56 Naira per litre, knowing fully well that there is an investment of $20 billion at stake there.

ISSUES OF INDEPENDENT MARKETERS

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said that Dangote has not invited them to come and lift fuel and that Dangote has made the NNPCL the sole buyer, creating a monopoly.

The explanation for this is that a refinery with a capacity of 650, 000 bpd cannot go and be talking with individual marketers that can only buy small quantities. With that kind of gigantic refinery, he wants to be talking with bulk buyers, and that is the only way his business can make sense to him. He is not interested in talking with people that will come with 10 trucks or 50 trucks. He wants someone that will take 25 million litres of oil in one day, and that person has the capacity to distribute fuel among other value chain holders along the line. This is the best model that can work for such a refinery, and this is also international best practice.

The IPMAN people should forget about Dangote talking to them. It is not going to work. Dangote will talk with just one buyer that has the capacity.

Secondly, IPMAN doesn't have the resources to buy a million litres of fuel in one day. 1 million litres a day is close to 1 billion Naira in one day, which is the minimum that Dangote will want to sell to anybody. No trader has that capacity, and if they even have such capacity, they will be looking for funding from banks, and today the interest margin on bank loans will be difficult for marketers to put together.

So the NNPCL is the only one that has the capacity to put these funds together and to also get a lower interest rate, and that is why Dangote is insisting that the NNPCL should lead the charge.

Understanding this fact is very crucial. It is not intentional that Dangote doesn't want to talk with the independent marketers, but it is intentional that the supply must be in bulk.

If you understand, when we were doing the electricity privatization, the gencos had to sign an agreement with the federal government when the government set up the Nigeria bulk buyers electricity agency. These are the people that guarantee everything the Gencos would generate, buy-off plans, and the Gencos would concentrate on generating because they already have the guarantee buyers.



This is the way it works with this kind of infrastructure coming to play. So the oil marketers need to understand this. Again, the truth of the matter is that if the marketers are allowed to come and pick up one truck, two trucks, or three trucks, they will be doing it at a lesser price than NNPCL. If NNPCL is selling fuel at 950 Naira per litre, the marketers will be selling it probably at the rate of 920 or 930 Naira, and when this happens, it will cut distortions in the market. When drivers see that they are selling petrol in a particular petrol station at the price of 930 Naira as opposed to 950 Naira, they would prefer to go and queue where they are selling it at the rate of 930 Naira because it makes a 20 Naira difference. So NNPCL understands that allowing these people to come and pick fuel one after the other will cause their own cost to be lower than the one of NNPC.

The marketers do not have the same number of staff as NNPCL; they have very little staff, and they will sell at 930 Naira. As a result of this, the NNPCL will not allow them to come and distort the market. That's the number two reason why IPMAN cannot directly go to Dangote. They have to pass through the NNPCL.

DANGOTE FUEL NOT EXPENSIVE THAN IMPORTED FUEL

Another question: is the price of Dangote fuel more expensive than imported fuel? No! Dangote fuel is not more expensive than imported fuel.


The landing cost of imported fuel is 1,200 Naira per litre. But it is the NNPCL that has been subsidising it to bring it down to 850 Naira per litre. They call it cost recovery; we know it as subsidy. The government through the NNPCL has been subsidising. If they remove the subsidy from the imported fuel, it will be N1,200 as opposed to Dangote’s N950



But why the hullabaloo? TheThe The reason is that Nigerians have the expectation that when Dangote refinery finally comes, fuel will be sold between 150 and 200 naira. That is the expectation, but that is a far cry from the reality on the ground now. The reality on the ground now is that with this template, there is no way Dangote can be selling fuel at 300 Naira or 250 Naira per litre. Dangote will find this difficult to explain to Nigerians because they will feel disappointed and let down, but that is the truth of the matter.

DANGOTE CAN'T BRING DOWN THE COST OF FUEL

So how can we get Dangote to be selling fuel at 200 Naira or 250 Naira per liter? The price template will tell you that there are two factors in this template that determine the cost of fuel.

The first one is the price of crude oil in the international market. So if the price of crude oil is $70 per barrel, it's a reason.

The second reason is our exchange rate. If our exchange rate should come down to 500 naira, instantly the price of petrol will also come down. Today, our exchange rate is 1,635 and that explains one of the reasons why fuel is expensive in Nigeria. If the price of crude oil in the international market should come down to $40 per barrel, the price of crude oil will also come down.

These are the two factors that determine the price of oil, and these factors are not in the hands of Dangote. They are in the hands of the fiscal and monetary policies of the Federal Government, and Dangote has no power to pick and regulate our forex, and as long as these two factors continue to interplay, bringing down the price of fuel will be difficult.
Now how do we do it? Some people say what about the naira to naira. What is naira to naira? This is when the Federal Government sells crude oil to Dangote in naira, and Dangote in turn will sell petrol to Nigerians in naira. Will this have an impact? No, no, no, it will not have any impact. In fact, if it will have an impact, it shows that the federal federal government is starting to subsidise. You want to disagree? Yeah, you can disagree, disagree, but let me explain. The major component of fuel is crude oil, and to get crude oil,oil,oil, you have to bring it out of the ground, and what brings crude oil out of the ground is dollars. You pay in dollars to bring it out of the ground, and once it comes out of the ground, if you sell it in naira there is no problem, but by the time you are returning to bring the crude oil out again, you must convert that your naira to dollar to be able to bring it out of the ground. So you can see that it is still the same cycle;you will continue to be challenged

WHAT'S THE WAY FORWARD?

But what is the way out? Nigeria has an OPEC quota of 2 million barrels per day. It brings out about between 1.3 million and 1.6 million per barrel.

Originally, when the government refineries were working, Nigerians had allocated 445, 000 barrels of crude oil to all the refineries, and when Dangote was coming to start his refinery, his cash flow was towards that 445,000 This 445,000 was meant for refining crude oil for consumption by Nigerians. The cost is for the consumption of Nigerians. It is not under the price of the international market, and since it is only the cost of production that we would bear and not the price of production. What does this mean? The cost and the price are two different things. The cost is what it costs you; the price is the cost plus margin (profit). When you are selling crude oil to Nigerians, you take away your margin. For example, if the international price of crude oil is $70 per barrel because you are selling to Nigerians, it should be $40.

These are the things Nigerians are agitating about saying that the crude oil is in their country and that the cost is in the country. These are legitimate arguments, but the process is where the problem is, and if Dangote gets the crude oil at the rate of $40, and our exchange rate comes down to 300 naira, the price of fuel with the refinery and margin and everything would probably be around 180 naira per litre. Now the problem is that if Nigeria begins to sell fuel at the rate of 180 Naira to 220 Naira per litre, and Cotonou is buying fuel at 1,200 and Togo 1,500 naira, the same Nigerian businessmen. will carry trucks and go and sell fuel at Cotonou and Togo, then we return back to fuel scarcity. scarcity. This will happen because of the huge margin.
Where do we go from here? Nigerians must understand that the era of fossil fuels is going down gradually, and we must begin to think about renewable energy, and we must also be thinking about compressed natural gas (CNG)

We must begin to think about alternative sources of energy both for living and mobility. The earlier we begin to fix our minds towards these things and concentrate less on fuel and petrol, the better for us as a country.

In developed countries, the price of fuel is arguably around this price, but if you look at their filling stations at any point in time, you will hardly see three to five cars. This is because they have mass transit and they have electric vehicles. The majority of them use smaller cars that consume less petrol. So you don't see people queuing up at their petrol stations, and whenever there is an adjustment in price, nobody complains. Some people only use their cars on weekends; some people take their cars to the train station and board trains.

The only way forward is through alternative sources. We have laboured so much on petrol as a singular means of energy. Looking at all these arithmetics, we will understand well that it will be difficult for this government to bring down the rate of forex from 1,635 to 300 naira as well as to sell fuel to Dangote at the rate of $40 when the price in the international market is $70.

As we can see, there is nothing Dangote can do in terms of pricing because as he collects, he sells. His initial thought that when he started the refinery, the price of crude oil would crash was a big mistake. He is now finding it difficult to tell Nigerians

Some people are saying that when Dangote starts selling diesel that the price crashes, that is not true. When Dangote came to the market selling diesel, dollars were about N1,900 and diesel was very high, and when Naira came down to N1,200, diesel came down to N1,200. It was not Dangote that made this happen. It was due to the exchange rate that fell, and up to now, diesel is N1200 and not even N900. So Dangote has not done anything in this regard.

The sad reality for us is that Dangote refineries cannot crash prices unless the Federal Government gives Dangote crude oil at a very reduced discount price. The forex comes down. Anything short of this is all fallacy, waste of time, and vexation of the spirit, and this is the reality that is ground. Dangote can only sell crude oil as he receives it from the NNPCL.
I hope this has made a lot of impact. Please share.Till I come again next time

highchief1:
truth is not in u.take away money even ur wife will abandon u if u are married.how do u take away money from a man.which kind talk be that?Talking about the primaries.do u think 237 votes in such an election is a beans?it was one voter per lg what that means is that wike had the vote of 237 local govts.If u hate someone be bold enough to acknowledge their strengths.Thats maturity.

Where did the votes of 237 local govts he bought take him? Folks like you are reason he is still fuming cos to him what money cannot buy , more money would! Alas he was thought a devastating political lesson he is yet to recover from. He is now literally a political BAT!!!!!

God1000:
My only problem with Elon musk is his supporter for Donald trump and his outrageous remarks, he can do better

When such men talk or endorse somebody, there must be good reason for that. To be a billionaire is not for stupid people

chariisGRACE:
Nigeria has sites worth visiting, natural and artificial, but our government do not prioritize tourism because they cannot sell millions of barrels of it everyday.

Like Rwanda, our government is doing quite prolific in creating an enabling business environment for investors in the opposite direction.

Instead of gaining visits, we are gaining exits. The citizens are exiting en-masses, establishment we never thought would exit Nigeria have successfully dashed our hope like a freshly picked egg from the poultry on a marble finished floor.

Like Tensazangetsu20 would say, You can never lose betting against Nigeria. That being said, even if Bishop Benson Idahosa should resurrect today with a message from God saying that, Nigeria would be better, do not believe it.

It does but it pales compared to its regional rivals not to talk of international ones. North Africa smokes the rest of Africa in tourism. Those countries have far better reputations, more iconic attractions etc

madridguy:
I don talk

You are not speaking, you are bewildered and will soon cry in your closet.

I don talk

PlayMaker14:



Speak now

Una go just talk talk, una go taya. Baba no send anybody Papa

stuffs4me:


Wetin dis Clifford Orji pikin dey talk sef
E be like say ur brain Dey pain u

Can you compare any of those things to cannibalism ravaging SE?

So it's about comparison of evil right? You son of abubakar shekau abi na Bello Turji. Every evil doing is condemnable, but since you're only concerned about comparison, I decided to let you know that every society has bad eggs.....Omo shina Rambo, Aburo Mohammed Yusuf ati Oyenusi

godwon01:
Do more research about him. That was what the commentators said throughout the tournament in Italy. They referred to him as the first black man to play for Italy. Don't judge by the colour of the skin. I am a living witness. I watched all the matches life when I was in Nigeria. Nigeria supposed to be in that world cup but eliminated by the Algeria by the own goal scored by Godwin Odiye. Cameroon got to quarter final defeated by England. Roger Miller of Cameron was the star player for the Cameroonians. Nigeria qualified for USA 94.

Forget long talk....don't you have eyes?,does that guy look 'black' in any way?

They might have been calling him 'black' metaphorically, definitely not literally.

Realtruth2023:


Oga you are really a mental case here. Apart from Lagos other SW states have GDP lower than Anambra as a state and they have a lower Per Capita income than Anambra state. Again on the fact of migration from east to west. bring the numbers and statistics that show the migration for the last 20years let us talk about the trend.

Numbers do not lie bro. Stop being stupid ehnnn

ahaha 😂😂 delusional clown, show us the start from NBS and not your ipob bureau of statistics

Anambala that is on the same level with Ondo and not even oyo or Ogun state😂😂😂

Your 5plot of poto poto land is not even has developed has Ibadan, and here you are disgracing your ancestors😂😂

You keep asking your dumb questions about statistics of migration from east to west when the fact are staring at your face daily with the mass numbers of refugees from Alaibo on a daily to Lagos and Sw😂😂

You really must be delusional, keep waiting for statistics,now that ipob have even made your region insecure, you can’t even go home to bury your dead anymore😂😂😂 keep living in denial.

LagosFc:
😂😂😂 nwokem you must be sick in the head, there is nothing to compete here because you are not even close

The trend of migration is from east to west, so that should tell you, you are the inferior being, you are the one still crying marginalisation

In every indices of development, your poto poto region is still playing catch up we can see from the stats because numbers don’t lie

Oga you are really a mental case here. Apart from Lagos other SW states have GDP lower than Anambra as a state and they have a lower Per Capita income than Anambra state. Again on the fact of migration from east to west. bring the numbers and statistics that show the migration for the last 20years let us talk about the trend.

Numbers do not lie bro. Stop being stupid ehnnn

Smartworkfx2:


Prices are negotiable.

Make a good offer and get it.

Call now

talk to me about the mini laptop

kedeojo:
It is a state election and we will vote for the candidate with human face. A candidate who will bring real development to the people and not a party. You that have functional brain, how is your governor doing that you voted for. Edo don't vote for party. We are not like emotional people. If you want to talk about party, Edo will vote massively for Apc because of Oshiomole who proved to be the best governor since 1999. Obaseki's first tenure under Apc is far better than his second tenure under pdp and igbinedion eight years was a disaster under pdp. Take your nzogbu nzogbu politics away from us.

if Nigeria is not about party but candidacy, then go and enjoy your suffering and smiling with ur tunubu and oshomale whatever and leave good peopleof Edo out of ur tunubulation.

hopexter:


You didn’t believe in southern turn but you wanted Obi to win. Yoruba didn’t kill anything in south. The igbos actually did by hating and insulting anything and anyone that isn’t igbo. I’m from South south and our previous president was from the North, what didn’t the igbos talk about Buhari? You all even fabricated that he was dead and Nigeria was being ruled by his replica from Niger.

Now it’s got to the turn of the South to rule and guess the tribe that is still making troubles and insulting the president? It’s the same Igbo that called Nigeria a zoo.

You are wrong by calling the Yoruba the killer of the south when it’s actually the igbos that killed everything both in south and in Nigeria as a whole. If you are not fighting the Hausa/Fulani, you are fighting the Yorubas or the Niger Deltans and antagonising the country on social media platforms. It’s has become somethings the rest Nigerians have gotten used to without panic lol. We all are just waiting for your next referendum so we can massively support you to achieve your desired country Biafra

. You are from ogbomosho. You are no where near south south. South souths don't birth ediots

achorladey:

You don't have to see him to love him not to talk of comprehending the essence of God being God.

This is not about SEEING God but having an accurate knowledge of His purposes.
To illustrate you can imagine a blind couple, of course they can't describe each other's appearance like those seeing them but no one else can perfectly understand them like they know each other.
Abraham has never seen his God for once {John 1:18} but he could say about the God who called him out of Ur:

"It is unthinkable that you would act in this manner" Genesis 18:25

Surely Abraham can speak convincingly about this God whom he can't even see!

Moses said God is One person {Deuteronomy 6:4} and Jesus said the same thing {Mark 12:29} then it simply means those worshiping this God must have the same line of thought! John 17:22 compare to 1Corinthians 1:10

But when talking about a MYSTERIOUS God it means countless sects with contradicting teachings and conflicting doctrines are good to go since the God in question is MYSTERIOUS so there is no way to figure out what exactly He requires of His worshipers.

That's what Revelations 17:5 means.

The PDP Governors can't have the boldness to talk because Minister Wike sponsored/help some of their political journey.