₦airaland Forum

Dayoara:
Am I my brother's keeper

People wey no Sabi Bible no go understand wetin you write here.

[quote author=jpphilips post=73126935][/quote]You need a law to unbundled NNPC, that's why we have been clamouring for PIGB. NNPC is an act in our constitution.

I know that over the years, we've developed enough Local content capacity to do most things in the oil industry. Neconde, a subsidiary of Nestoil doesn't have a foreign technical partner. Rather it partners with NPDC.

If NNPC were as productive and profitable as Gazprom, Petrobras,etc we wouldn't have been talking about selling them. NNPC is going down under a huge debt coupled with satanic corruption. I have no problem with state owned companies that are doing profitably and productively well.

We can go back and forth with this and I'm all in this debate because I believe that this is one of the best solution to the problem of NNPC. Unbundle and sell major stakes/useless assets, tie the money to projects that can be seen and impact felt.

[quote author=jpphilips post=73122727][/quote]Buhari not signed any 1st phase of PIGB.


PIGB will take care of your fears in your 2 paragraph. Incase you don't know in the PIGB, NNPC will be unbundled. Nigerian Petroleum Regulatory Commission (NPRC) will be in charge of regulation. Nigerian Petroleum Assets Management Company and
Nigerian Petroleum Company (NPC) maybe incharge of the 10% FG shares.infact, i read that NPC will replace NNPC and tis to be operated as a commercial entity that pays dividends in addition to Royalties and taxes.

You forgot that there are indigenous oil exploration companies that may not be affected and may even move to bridge the gap Incase of any sanction. We have Nestoil, Conoil, Oando, etc. In addition to NPDC or NPC when PIGB is signed into law. So again, fear not.

In those countries that you mentioned, if you check their corruption index, you'll find out that they're in a better position than Nigeria. If you decide to go further, you'll realise they have more competent hands in their civil service because they have a system that encourages merit based performance unlike here where we've gotten rid of competence or merit and replaced them with Nepotism, uncommon corruption, quota system, etc.

I repeat we can survive and thrive on taxes.

Esusustuffs:
You guys don't seem to know anything about shipping business. That area is very notorious for piracy,kidnappings and militant activities. This will make shipping insurance cost very high. The same way people talked about calabar free trade zone back then.
Upon all the noise and investments, ships don't come anymore. The cost of shipping 40ft container from US to Lagos is about $1500 while from US to Calabar is about $4500. Ask me why, it is because of the high level of piracy in that particular side of the Gulf of Guinea that makes the insurance cost shoot up.The same area Ibom deep sea port will be located.
Make your area safe so that investments will come to avoid divestment.

We know but Lagos State is sinking under the weight of being the only seaport in Nigeria. But o believe if there's a political will to fight Piracy in the gulf of guinea, in 1 year we'll get rid of Piracy in that region.

Even in ancient times, Roman empire stopped Piracy in whole sea under the empire. England, France, Spain, etc were able to stop Piracy too (disregard the exploits of a certain Captain Jack Sparrow ).

These empires did this with with just ships, men, guns and compass. Even if the Pirates operating in the Gulf of Guinea are well equipped, The Nigerian Navy can acquire more sophisticated weaponry, helicopters and can call on the Army/Airforce for help. If all fails, we can call on USA to station a fleet permanently in the gulf of guinea.

Are we saying that we've lost both the deserts (to Boko Haram, Herdsmen Terrorists, cross border bandits) and a huge part of our territorial waters to Pirates

Becaaue of our inability to have another functional seaport, Benin republic is now the unofficial 2nd seaport of Nigeria. We're losing billions of dollars not just to cotonou but also Togo.

We shouldn't forget that other African countries dey progress and were .......

jpphilips:
Let me advise you for free, when you see a thread you don't understand, keep quiet and learn from those that have a clue, if that kleptomaniac Atiku suggested restructuring of the NNPC which Kachikwu is already working on BTW, it will be pardonable, but selling it outrightly is madness.

NNPC is not just a money maker, it is equally a regulator, have you heard any country sold her regulator? Like the US selling FDA or NTSA, are you guys ok?
Sell ppmc, Ok!!, sell the refineries, ok!! Sell our JVs ok!! But sell NNPC? Thats madness.

You mentioned making cool fx, you think it works that way? How can you make cool fx from an industry you sold your regulatory powers? What becomes of your environment after making cool fx?
You sell your stakes then go home to make cool fx, what a myopic individual you are, so foreigners will now control your resources but you want resource control for the Niger delta abi? You think these foreigners are here to protect your interest abi? Wait till they tell you that Nigeria doesn't have the capacity to produce 500k bbls per day.

Have you heard about intl sanctions before? When you leave your soul in the hands of foreigners, when they comply with their countries directives what becomes of you? go and ask Zimbabwe, Iran and Venezuela how well it worked for them in that situation.

How can a sane human being sign up for enslavement because you want to sit idly and make cool fx?
How well did it work for you when MTN monopolized your telecom sector? Per second billing is not possible, does that sound familiar?

You spoke of being a conduit of corruption, have you forgotten how the assets Atiku sold ended up? Where are your free trade zones Atiku concessioned? Isn't that corruption? Atiku sits at home collects 26% from all the oil and gas companies in Nigeria using the FTZ in the name of concession, what is he doing there that NPA can not do? Why do we need a middle man to manage something as little as ports? Is that not corruption?
Meanwhile we are making trillions from Apapa managed by NPA.

It is either you don't know what NNPC does or you are on drugs

Kachikwu working on what Kachikwu that worked with the NASS to pass for the 1st time since 99 PIGB, only for Buhari to reject it over a flimsy excuse. Kachikwu is a minister without portfolio.

Atiku said that he'll sign PIGB into law making NNPC only a regulator. Meanwhile, he said he'll sell 90% of NNPC.

Sanctions? Even now we can be sanctioned by intl community and nobody will buy our oil. So your sanctions argument is nonsense.

Thank God that you mentioned MTN. The sector is being regulated by NCC. Now why can't NNPC be made to function like NCC? You shouldn't be a player in match you're also refereeing.

See we should reduce power at the center. History has shown that any company managed by Govt whether state or federal is bound to fail simply because of corruption. That's how most of the old money made their ill gotten wealth.

NNPC from the day it was found have been enmeshed from one corruption scandal to another. Even up till this day, the corruption stories emanating from there is insane. So it makes common sense here to separate the goat from the yam. Sell NNPC assets, let the money be tied to life changing projects like health, education, infrastructures,etc.

BascoVanVeli:
Ekong has a share of the blame for that goal because there was no reason for him to do the exact same thing Omeruo was doing, for goodness sakes that boy got us with our very own Ighalo scoop and I am pissed that we let that happen .
Iheanacho this, Iheanacho that but what about the top class pass he made that that clown who moonlights as a linesman called offside? What about his flick that almost had Samuel Kalu clean on goal? If anyone should have got changed it was Iwobi who did nothing all day apart from his pass to Musa that was called off. Always doing too much and losing the ball, killed our attacks more than he powered them.

If u add the 2 fake offsides with Nacho's poor touch and Omeruo's missed header we could have won by 4 goals so I can't fault Rohr as much as I want to, in fact if that he-goat didn't raise his flag we are talking about a tactical master class. I hated the starting XI as much as anyone but what I must admit is that they followed a plan and it was almost perfect. We looked freakin Egyptian out there, we knew what we wanted and we took it. Ezenwa could have written a book with all the free time on his hands. Our tactics rendered their altitude useless.

Exactly!!!

We got our tactics right.

We should accept the fact that Rohr isn't a Pep Guardiola. He's an old school conservative and his style has helped us qualify for 2 major tournaments in a row.

For those that want us to play like Spain and Dutch team of old, I have a question. Do we have the materials that'll make 50 passes and also defend our goal post when called into action?

FANE4Naija:
Lmao. Look at you. I'm in ssupport of free enterprise but I can not support the sale of NNPC now because it is clear that its sale would be for greed. Atiku & his co politician thieves would be scrambling for pieces of it. They would just make small money off sale of crude and those million dollar sums that were hitherto small for the nation needs would become large sums in the hands of a few individuals.
That FG is still holding onto Transmission & Generation is what is saving our power sector. Before in previous govts, generation used to be as huge problem and the gap was glaring. But now, these your private Discos can't even keep up to distribute half of the amount generated. And, market forces are currently determining the price of electricity its just that like the Discos, you're angry that the current govt is living up to its billing to effectively regulate the sector and putting a cap on their inefficiency and incompteence which is costing the Discos a lot that they so much want to push the cost of this incompetence onto their consumers.

We must be sincere as a nation to ourselves. Do we want to move forward or continue backward (status quo).

Before Obasanjo left he sold our refineries to Otedolla and Dangote. We shouted corruption, Unions (another corrupt cabal) shouted corruption, Late Yaradua cancelled the sale. If it wasn't cancelled, we would've stopped importing petroleum products by now, downstream sector would've been deregulated and this wouldve resulted to the creation of another middle class (just like we had when reformed our banks and telecoms sectors).

NNPC since it's creation has been the headquarters of corruption in Nigeria. Even under Mr anti corruption Buhari, corruption in that place still stinks to high heavens.

NNPC should be concerned with only regulatory aspect (just like nafdac)and not exploring and exploitation of oil.

Let IOCs and local oil companies with proven record like Oando, Conoil, nestoil, etc by up majority of our assests and let use the money for infrastructures, education, security, health, etc or simply share it amongst the states.

What should be our wahala is to make sure that the money from the sale of NNPC be tied to projects we can all see and monitor.

jpphilips:
Only a f00l will ask what we gained from the NNPC, what provides the highest forex for your economy? Your father's scrotum?

And only a bigger f00l will support NNPC as is presently constituted.

NNPC has been the ATM of our elites from the day it was opened up till this moment with no growth.

FG can still make fx from taxes on the oil industry for God's sake.

Let's privatise it, FG will still be making cool FX and this tome the stench of corruption coming from your mother's vagina will reduce

theoldpretender:
I'll agree with Atiku selling NNPC....so long as subsidy goes with it too.

Nice point you made about power by the way. Most Nigerians...whether PDP or APC refuse to see that.

I believe he'll do away with subsidy.

Scatterscatter:
So Mtn, Glo, Etisalat and airtel are all subsidiaries of Nitel Abi?

Ask yourself how well Ntel is doing now!

The government only allowed Capitalists to operate in the telecommunication sector and that caused the revolution we experienced.

Make your research well and abeg carry your wahala go

I'm not sure I get you.

Are you for selling NNPC or not?

Scatterscatter:
HA! Holy Zachariah! So with the privatization of Nepa and Nitel, ask yourself if those two entities are now better or worse.

Abeg go and sit down somewhere and continue making Okpa. You don't know anything about what we are talking about

What have you gained from NNPC?

When we had NITEL, we had only 33000 active lines.

Even the sale of NEPA is one of the best things we've done. The only thing wrong with Power now is that we've not allowed market forces to determine price of power and that Transmission is still in the hands of FG.

NNPC has always been riddled with corruption and even under the incorruptible Buhari, corruption is now worse in NNPC.

Atiku is right, NNPC assets should be sold.

GavelSlam:
What you wrote just last year.

It seems you are quite an unstable character.

Repentance is allowed

IbrahimDamola:
Igbo culture is very rich. As a yoruba man, I envy them.

For the love of God, no need for this.

Chai!

Why am I seeing the star of David everywhere?

Has IPOB hijacked this beautiful Tradition?

PROVERBZ:
owner of team Nigeria UK follow them on instagram

Thank you. I just saw the page on Instagram

ChrisKels:
Hahahahaha dey should have a taste of what we feel when we get rejected

Obafemi is Doherty's boy and he has his eyes set on the Eagles. O'Neil should stop messing around

Biko, who's Doherty?

komekn:
I remember Uduaghan preaching a sermon in Church in Asaba, when he was governor.

I heard Rochas Okorocha does it too

Esseite:
Atiku was not dumb when he said "Fuel could be sold for N87/N97"

Biko that was a dumb move by Atiku.

However this post has shown that Buhari is corrupt. Nigerian should see why he doesn't want to sign PIGB passed by the Senate.

Buhari is very corrupt.

I nominate Tbaba

komekn:
[/b]Nwokem beeco ozego Ike gwụrụ m, ị meriri[b]

Let's agree to disagree and move on.

Immediately I saw that this story from the Nation, I laughed.

Those who know, know

A very big Zap you very much to Emma Powerful and his crew.

Odunayaw:
Alas I agree with you today

Cold sweat formed on my forehead when I saw her moniker trying to make Atiku look good!

I read his "ideas" - building a Nigeria for All. It was bland!

Bland How?

Compared to what we have in Developed world or what we're seeing presently from this Govt?

Honestly, ive not read his ideas but ive seen him speak on issues and the only guy with a better plan is Moghalu, but he doesn't have structures to win this election neither does he have the experience to manage our politicians when elected.

Xlad:
Ighalo should score goal and stop looking for penalties

He just answered you

PDPGuy:
Air Peace should be the national carrier, due to their size and reviews. I hope the airline can secure, say, $400 million in funding from some Naija billionaires and the capital market.
Moreover, it won’t be a bad thing if Enugu could be their hub; but the airport has to be further upgraded before that dream can become a reality.
I’m excited that they are planning to build an MRO in Enugu. If the plan materializes, a lot of aviation engineering professionals may move to Enugu, which would help in decongesting Lagos.

I don't know who's the real owner/s of Air peace are.

I remember how they shook the Aero world when it was announced that they've signed over $1 bn deal to buy brand new airplanes from Boeing.

Foreign Aero journalists and analysts were tweeting how an unknown company signed such a mega deal.

Please what's MRO?

Ndi Enugu, Gburugburu has been under heavy criticism by Enugu Twitter since yesterday.

They're claiming that Gburugburu has abandoned Enugu City. No streetlight, no traffic light, potholes everywhere, signboards everywhere, he's only focused on land grabbing, etc.

Biko how bad is it now?

Icon4s:
Ladies and Gentle Men of the House. Today na my Born Day o.

Happy Birthday to me.

And as part of Celebrations to mark my Birthday I will agree to call for invitation of any player mentioned here today. So for today ''they are all there''
Plus no arguments on any issue. I agree with everybody's opinion until 12AM 1st October.

Happy birthday Chief. God bless you and your family

Is he strong enough to get at least 40% from his NE zone and 30% from NW?

Does he have loyalists that'll fight for him and make sure his votes are not stolen?

TheSuperNerd:
Manu teams always have problems in defence. The best his teams gave us has been converted to a DMF.... Wilfred Ndidi.

Amuneke teams have not given us any yet.

Siasia teams gave us Apam and Dele Adeleye but neither had fruitful longevity. The best from a Siasia team remains Taiye Taiwo. Even Olufemi Olubayo was growing into a top RB before death came calling.

Awaziem was in the camps of the Manu and Amuneke teams but he was ineligible for the Amuneke team while he missed out on the Garba team for being too young probably. He was a DMF back then before his conversion.

Fact is truly they haven't given us enough quality at the back so far. We hope future youth/cadet teams will change this

Please did Awaziem play for any npfl clubside?

It will be increased.

PMB will order CBN to print money for salaries. After all CBN just bought our Minting and printing company and Buhari just made his brother from Katsina MD of the company.

junkiesneverdie:
LOL my Police Brothers too want hammer mega..

I wonder!!!

Is it a crime for crime fighters to hammer

gustav25:
[/b]This is the same tape you guys played on behalf of Buhari[b]. So all I can deduct from your brief write-up here is that you are swayed just Because he is your Uncle's classmate and he speaks Wawa dialect of Nsukka? I do not simply know how to quantify you Sir

Fortunately I'm not seeking validation from strangers.

However, I didn't play any tape for Buhari prior to 2015 elections.

That being said, please go through this WikiLeaks link on Makarfi https://wikileaks.org/plusd/cables/01ABUJA871_a.html

I apologise to the elders of this thread. I know this isn't the place to discuss politics.