₦airaland Forum

But Tinubu and Eden told us NELFUND would come from a different place entirely.

What Tinubu kept telling us is that we should hold the governors accountable that subsidy money is shared amongst them.

stuffs2002:
You hate the truth because he told you the truth.

You bishops went to Tinubu like opposition politicians because they were very rude while making silly and outrageous demands

You know it’s very hard to swallow the pills called truth. It’s hard for every human.

You lots are only telling Tinubu what he wants to hear.

You’ll curse him years from now, just as you have blamed Buhari after he left office.

This is one of the humans telling Tinubu exactly what he wants to hear.

Keep it up.

Kerosene and gas to cook the rice sef go cost pass the rice.

Pepper, tomatoes, onions nko? Let’s not even talk of protein like meat, chicken or egg.

This is a useless gesture. Reject it.

But if you collect it and vote who they asked you to, whatever your eyes see take am. No cry say government no good o.

Rigging is mostly done at RACs.

yarimo:
But Mr onaiyekan and his other group went to meet president TINUBU as bitter politicians not as religious leader they claims

This thing you’re living is not life.

It’ll be in the best interest of this world if you don’t pass this mentality unto your offsprings.

Someone you couldn’t defeat as an incumbent is who you’re backing another person to defeat?

This old man should go and sit down.

Imole 2.0 is sacrosanct

Equal rights?

Did the constitution prevent you from practicing your religion?

nairalanda1:
Also, this assertion is wrong.

The diesel cost is not added by Dangote, it is factored into the final price of fuel by the marketers....as the cost they need to transport a liter of fuel to the market.

Na you be temu economist.

Again, leave thy father's house, and go and face the real world. People do things for money. Has nothing to do with tinubu or obi.

I’m a father of two with a wife. I don’t feed off anyone. Stopped that over a decade ago even while I was still in school.

You are a terrible economist cos you fail to address the root cause of Nigeria’s problems which is bad leadership and politicians that steal the little we earn from our resources but easily shift the blame on the people.

insidelife22:
A city boy who claims to be a first class accountant,yet is not fit to manage a pure water factory.

His certificate actually reads Business and Administration.

Those claims of First class accountants in Accounting is in their heads.

This AI writer again.

nairalanda1:
And what do you think that the marketers who load fuel at Dangote refinery and at other refineries and at the jetty use? Dangote does not have a monopoly on transporting fuel in the country.

Infact, overall, most trucks in NIgeria that transport diesel and fuel and kerosene use ........diesel. MOst of the trucks that bring fuel to you use diesel. Dangote trucks form a minority of the trucks that transport diesel, fuel and kerosene overall.

Dangote trucks only carry fuel to selected marketers like MRS, and two others. Everyone else uses diesel trucks.

So, I am well informed, old man. LOL.

(If you want costs of fuel to fall, then petition your government to rebuild the pipeline system we used to have that transported fuel across the country, son).

Most still use diesel

Oga, give it up. You can't argue against me, sonny. And stop defending mediocre government. Apc AND tinupoo are wack, for a variety of reasons, which is why we can't afford subsides.

You said Dangote added diesel cost to the fuel price at gantry and I proved you wrong.

Next thing is I’m an APc supporter? LOL.

You’re the one supporting APC and Tinubu from the closet and trying to form sound man.

Check my posts and point to one place I’ve ever supported jargons you say on taxation.

Temu economist.

nairalanda1:
USA also has a diversified economy with industries, manufacturing and agriculture forming the basis of its income. They also tend to tax everyone there , and are rather strict about it. (Wesley snipes ended up in legal trobule for not paying his taxes).

Nigeria is an oil dependent, weak economy, and we cannot afford subsides because tinubu and his predecessors haven't changed our economy to run subsidies.

Also, Venezuela has a bad economy not because of subsides but because of something called oil dependency and overimportation, even at levels that surpass Nigeria

YOU should stop defending the mediocre APC government, oga.

I still say there’s nothing bad in paying subsidies.

Nigeria is a petrol dependent economy and has been so for decades.

In Nigeria we provide our own water, electricity, security and other social services that statutorily should be the responsibility of the government.

The USA can arrest anyone that fails to pay taxes because they (USA govt) fulfill their own obligations by providing the amenities necessary for every citizen. Nigeria is not the case, yet you expect Nigerians to pay taxes on par as in the USA. Isn’t that a joke?

Despite all the taxes paid by Nigerians, politicians spend them with reckless abandon and push people like you to spin narratives of how paying taxes is the solution to Nigeria’s problems.

You never for once have talked about how these guys over spend the little resources and income they make from sale of minerals and oil, all you scream is Nigerians need to pay taxes.

Tell me one Nigerian that doesn’t pay taxes in one way or the other.

A keke or danfo driver paying about 4000 - 5000 Naira daily to NURTW or RTEAN officials in Lagos who in turn are collecting these revenues on behalf of the state government is paying what? Ajo? The market woman that pays daily fee of 500-1000 to market agents on behalf of the state government is paying what? Sara?

Stop mentioning this pay taxes thing. Nigerians have always been paying taxes directly and indirectly since before independence and nothing has changed.

epainos:
I hope you have watched Henry's interview. Lol. Una go just jump dey argue anyhow. Their elder brothers are talking for the first time.

1. Henry was the first who started with them.
2. Then their sister came on board.
3. Jude was unconcerned until he saw they were making money.
4. Dem mama was against Jude managing them.
5. But the while siblings agreed that Jude should continue officially. This is a good thing. One love...one unity. Let the boys focus on music while one person handled the admin part.
6. They started seeing the twins changed.
7. Peter wey get sense no dey gree for Jude. Thats what I wrote exactly. I read it well. Lol. But una no fit read.
8. Gradually, Peter used his head and ask Jude to leave.
9. The next is for Jude to do what he did.
10. Henry said it clear. Paul was the nicest of all his siblings, but after Jude came on board, Paul changed. "I dont know whether Jude used juju on Paul".

Personally, I have been privileged to sit down with their old friends in the uni. Everyone kept saying to get to Psqure...Paul was the man. He was the gate. Get him, and you get Peter. Peter no dey gree allow any person. Peter no dey come down easy. But when Paul called Peter, he go cool off...no matter how. People said...how Jude entered, they dont know cos these boys were too tight. Paul was the cool headed...Peter get defence. No even try enter Peter cos you go defend whatever you are bringing. And in those days, who even sabi say na Paul dey compose more? No one. Personally, a dey feel say Peter na the don....not knowing that the real brain that composed most was Paul. But when Paul started talking....people said...na Jude. Cos Paul wouldn't do that to Peter.

Like I wrote.....that cry of Peter is a bleed to habe Paul back. Both of them are dying inside. That guy Jude needs to leave.

Even I dont belive Henry....wetin Jude still dey do is my point. But I understand that there are many Judes in naija na. People who no wan use dem head and wan eat where dem no even want them cos dem no get shame.

Continue!!!

Why did Peter or Paul never for once mention Henry and those other siblings while they were together?

They consistently gave credits to Jude as the engine in their machine.

epainos:
So, you don't get my point?

The issue is not about discrediting Jude's works. The way it is now....it is the twins. The twins are bleeding to have each other again. These outbursts are cries of wanting each other. And Jude is the man stopping it. He needs to leave the scene. He is the one who needs to call Paul that they need to part. We are talking about twins. Bro. Anyway, you arent a twin na. So, na profit you sabi. .....just kidding bro.

Ask yourself. Who did fans pay to watch? Psquare as in Paul and Peter? Or Ocube as in the 3 Okoyes? And I asked you. Who brought Paul and Peter together? Jude? As in for real Jude? Say it again. Jude?

Peter and Paul were born together, and so nature brought them together. Are you saying Jude discovered their talents? Yes, Jude could help. Thats what brothers do. But the moment one of the twins dont want you there, take yourself off. Thats it. This is the normal thing a sensible person would do. Let them appreciate you. But you put yourself there pulling one of the twins to yourself? Were you born with them together?

No matter his sacrifice, he needs to leave. Let the brothers appreciate him. Why stay when one of them says he doesnt want him again. Why paint himself as the person destroying the legacy? Oh. You want him to prove that his sacrifices were investments too? And that Paul wants him...so he can stay. Then, continue na. Keep it like that...and see where it ends. LLol. Se he doesnt want to use his head, others will spank that coconut head soon.

If you still dont get it. Goodluck!

Paul clearly still wants Jude around for reasons that are obvious to everyone that cares to see and reason.

Until there is a unanimous decision by both Twins to leave Jude out of PSqaure, Jude still remains a part of them.

Let them resolve their matters.

nairalanda1:
Okay, let's crunch the numbers.

Let's say government wants to subsidize fuel to N200 per liter.

That means that every liter that leaves the refineries here, government would spend N1100-1400 per liter . That is just to cover the difference between the cost of producing a liter of fuel and transporting it to end user.

At most we consume 57 million liters of fuel a day. or 20.85 billion liters a year.

For 2026, assuming that oil prices do not rise up...we may end up spending something like....twenty-two trillion, eight hundred eighty-five billion, five hundred million. to twenty-nine trillion one hundred twenty-seven billion naira ....out of a budget of 54 trillion naira.

Keep in mind that costs would rise due to

1. RIse in crude prices

2. Massive smuggling , which would push the cost of subsides even higher. ..to 51 trillion naira for one year.

See the problem?






Fake budget cost 1.3 billion naira.



218 million naira as holidays allowance, and it was a one off payment. If it was more than that, it won't have passed N3 trillion naira.





And as a result, by August 2022, 90% of the revenue was going to debt service. Effective foreign reserves was at 4 billion dollars. And subsidy costs were eating a lot of the budget.

This forced tinubu to remove subsidy...keep in mind tinubu na subsidy fan, but there was no money. It is also why Atiku and Obi before the 2023 election called for subsidy removal.





How subsides are harmful for an economy

Venezuela : Went from 900000 bpd in 1991 to 100000 bpd in 2008. And that was before sanctions .

Nigeria..went from 400000 bpd in 1987 to 6000 bpd in 2019.

I guess that APC was running both countries...or PDP or GEJ....or subsides are really harmful.

Do you know that the USA pays subsidies on Agriculture, energy and healthcare for its citizens?

Their economy hasn’t collapsed.

Venezuela economy collapsed not because of subsidies but because of corruption just as we have in Africa.

Stop defending their failures, unless you’re one of them.

nairalanda1:
And in response.

The ex gantry cost of Dangote fuel is 1165 per liter...which includes production costs...as you have ennumerated there, and also......crude oil feedstock and margins. Add transportation costs, which are high thanks to diesel prices, and you get the high price at the pump at the end of the day

Add things like the foreign exchange multiplier effect...which plays havoc with prices, and you get the picture

Summarizing, with the help of AI



Also, unfortunately, Dangote's costs for refining fuel in naira are not available, so what you wrote there is a guess from foreign refineries, not from our own home based refineries.

So, therein lies the problem

Also, government negotiating means that government would have to pay a subsidy. In principle , this could mean that government has to take monies from the budget to pay for the subsidy,because, as you know...government has not budgeted for subsidy this year.
(This is a problem other subsidy countries face, eg Angola which has to routinely take money from government projects like new schools and healthcare centers to pay for subsidies on fuel).

How would the monies be replaced? With loans. More debt.

Finally, you support subsidy, something that tinubu was supporting in 2012, when I was opposing it, and have remained opposed since then, and I am even planning to vote NDC next year, just to give the oppositon a chance to kick out the very corrupt APC, therefore you are a tinubu supporter and I ain't

I have added the things you missed out in your analysis. You can see where the issue lies. It;s nit just about the cost of refining crude into fuel, it's also the addendum...which are not corruption based., but legit .

Subsidy is not about politics, or tinubu vs obi vs atiku. I am no supporter of tinubu, but in 2011, my eyes were opened, and I saw why GEJ, who I also did not support , wanted subsides gone.

Dangote petrol tankers don’t use diesel anymore. They use CNG.

Guess you’re not current or not informed.

Atiku, when you’re elected president next year Insha Allah, you must prove this Tinubu administration and everyone linked to scandals.

Starting from Tinubu himself.

That’s practically impossible.

Released victims you mean.

TheGoodJoe:
13 euros an hour, is crazy when it comes to purchase of diesel. That is like 20,000 an hour and meaning in 4 hours he can make 80,000 to buy the amount of diesel in that video. Which is more than our monthly minimum wage. Yet he called it expensive. Then think of the burden on Nigerians.

Don’t waste your time educating someone that is hypocritical.

Even those earning 500k in Nigeria and drive cars find it difficult fueling their vehicles as they used to.

BiggandKlever:
Someone help me understand this guy, a litre of diesel at N1730 translate to 1.10 Euros, which is still less than the cheapest in Europe (Malta at 1.21 Euros). Is it just because he is a White guy, we assume he must be making sense? If you must, oppose the government policies-Responsibly

Let me break it down for you.

A unit or 2 units of his currency can get him a liter of diesel. Minimum wage over there maybe 20 euros an hour. Note minimum wage is the lowest wage for the average earner there.

Out of 20 euros, he can buy about 10 liters of diesel from just an hours work. He bought 45 liters. That means if it were in his country, he’ll probably need just 2-3 hrs or work to buy that fuel. That’s cheaper compared to Nigeria where minimum wage is 70,000 Naira a month. If we divide that by 160 hrs of work a month, that comes to 437.5 Naira per hr minimum wage.

Someone earning that can’t buy 45 liters of diesel as that’s already more than what he earns in a month.

Our expenses in Nigeria far outweigh our incomes that’s why fuel is more expensive here than in Europe.

MasterTeeUSA:
The problem with Nigerians is we have a low self esteem of ourselves, so when a white man says yes, we are stupid enough that we will not even check if it is Yes or No. The man said Diesel is more expensive. I have posted the data which clearly shows he is incorrect. The good news is ...some of us have traveled out of Nigeria, and we know that most of these white people are idiots except for those that are Yes Daddy to them. Before you believe anything, USE your BRAIN and FactCheck. Google is your friend

It is about 1 Euro, and even in the cheapest market, it is MORE than 1 Euro in Europe. Some countries are more than twice the price. So maybe the person that wrote the title should have put...Fuel is more expensive in Nigeria than Europe, says Person A but this is INCORRECT.

You just further buttressed his points.

You guys need to take a deep breath and think before you rush to defend.

I’m yet to see a woman that treats other children as well as she treats hers.

She must do one or two things to differentiate.

geezville86:
Not quite sure about Jude being a visionary. It is pretty obvious that Jude used PSquare to launch his enigmatic foray into music production.

Don Jazzy, Olamide, even ID Cabasa sef…those are visionaries.

If he isn’t a visionary, what would you call a man that saw his twin brothers potential at an early stage and grew them to be at one point the biggest duo out of Africa?

Till date no duo in the whole of Africa has PSquare’s record.

epainos:
Was he the one who brought Peter and Paul together as singers? Dey play. If Jude has a normal head that thinks well, he should call Paul and leave him. Thats when Peter and Paul can know what is good for them. Dey advise Jude to stay. You hear.

The videos are there for you to search. The P square brothers said so themselves.

Don’t discredit his works because you want to take sides.

Powerbandooo:
Before their older brother enter the scene

Jude has been there from day one. In fact Psqaure in one of their old videos acknowledged that Jude Okoye is the one that formed Psqaure.

He brought the dancer and the singer together.

He’s a visionary.

Talent is never enough.

Same story goes for the Jackson Family. All thanks to their father, they became what they became.

Data boys and girls said Nigeria has the cheapest fuel in the world.

PulaPower:
Relax..

Nah only Tinubu dey Apc?

Same thing was done for Buhari to locked the west for him..

So, there’s no harm anywhere. 2027 is done & dusted!

Keep on deceiving yourselves and Tinubu.

I just hope una no go get stroke when the results start trickling in next year.

If not for Buhari becoming president, Bashir may still be selling recharge cards and probably doing POS operations in Katsina or Kano.

Lithiumite:
Whats wrong with tge question? Its a debate that has been raging forever,your opinion yiu can only adduce to and let us all have a robust discourse rather than condemning anyone's views......the bisghop being interviewed infered same sentiments you are making that you cant separate politics and governance from the church,that even the church is being held together by its own politics.......but its worthy to note that both your views isn't the universal view and there are equally so many averse to your opinion on this matter.

You need not insult or demean any one or contrary opinion .

What’s wrong is that the so called Bishop Adegbite doesn’t practice what he’s preaching.

If APC can have a number of pastors and religious leaders as politicians, why can’t clerics talk about the political, social and economic situation of the country?

Which hope una Dey renew sef?