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Foreign AffairsRe: Shocking: Australian Prime Minister Stoned By Protesters by sleekman(m): 2:28am On Jan 28, 2012
Chei! Ewo madam Patience don carry her shoe O. Afterall her husband be no get shoe. She as she hug d bodyguard, is she married? Without insinuating anything something no dey happen between,
HealthRe: What's The Best Insecticide For Lagosian Mosquitoes? by sleekman(m): 1:39pm On Jan 25, 2012
yeah that's d name sniper. It works in miraculous ways. Any surface treated with sniper kills any insect be it cockroaches, bugs  etc
CelebritiesRe: Photos From Kanu Nwankwo's Wife's 25th Birthday And Graduation. by sleekman(m): 1:36pm On Jan 25, 2012
una wicked O! 51ke? Kanu should be 40 tops. Kudos to them they look good and very happy. Why wouldn't she with all d pounds her man has.
HealthRe: What's The Best Insecticide For Lagosian Mosquitoes? by sleekman(m): 1:23pm On Jan 25, 2012
Long term solution:
Cheap Method
Buy kerosene or get condemned engine oil mixed with petrol and pour in d gutter this will kill all mosquitoe larvaes in d gutters and upturn all tins/containers lying indiscriminately around.

Alternatively, there's a small fish that looks like a tadpole that feeds on mosquitoes and their larvaes.
U can find these types of fish in some gutters in Lekki, Ketu & Ojota where d gutters are quite stagnant.

Expensive Method
Treat the mosquito net, window net, curtains and walls with , Sorry I can't remember d name. Once mosquitoes perch on d treated materials they die off.

Alternatively, hire a fumigator to fumigate in & out of ur home.
RomanceRe: I Cheated On My Wife With Another Mans Wife What Do I Do? by sleekman(m): 12:41pm On Jan 25, 2012
Chei Esu! Ure not Esu's incarnate O na u be the actual Esu. Since ure Esu y don't u just kill d man & sleep with his wife 4 life. Of all d small babes running around Naija na Anoda man own u want? You know what we do to d devil now? smiley we fight with prayer so listen to my prayer.

My Lord Jesus, you who all power and dominion has been given, I beseech u this day. I'm faced at a public forum with d devil so I ask good Lord that his joystick will never function until he seeks genuine repentance. Heavenly father, he will know no peace, his business will start failing as I speak, whatever he sets out to do will fail. Let him come back to this forum and acknowledge the existence of ur supernatural power, let him stand as symbol to others that are like him that covet their neighbours property. Lord, let him cry to all those he has hurt and if he doesn't let him cry to death. Let his joystick shrink and decay like a banana in the sun left to rot. As he seeks pleasure let sadness, loneliness, lack of appetite and the attraction of further destruction follow him. Pls God show to atheist and people of like mind in this forum that u truly exist and ure creation and that nothing exists except through u. Thank you heavenly Father because u hear those who are truly ur children. Amen
FamilyRe: My Fiancee Had An Affair With Her Business Partner by sleekman(m): 12:02pm On Jan 25, 2012
why wouldn't he tell his family to carry out their traditional responsibility? This is Nigeria, Africa & we've had years of customs that is peculiar to us that has worked 4 us. All u need to do is tell ur family this is who u intend marrying and not spew her life history. Everyone has a history. It is dat history that will enable u make d right decision. As a man u weigh ur familys findings with that which u discreetly know & come 2 a conclusion. When we go back to our traditional ways we will see that women will be more careful in their actions.
FamilyRe: My Fiancee Had An Affair With Her Business Partner by sleekman(m): 11:34am On Jan 25, 2012
@Poster The man controls 50% of her financial life and u sit there saying its obvious he has some sort of control on her? Just permit me to say 'Oriokpe'. Let me lay out d facts 4 u.

A woman that cheats with a married man has a 75% chance of cheating in future. It might not be same person.
I don't like doing this but I have to go with d statistics on ground. If ur gf is yoruba there is a 82% chance that she'll cheat although this doesn't apply to all d yorubas save a few that have curses against cheating wives.
Your gf isnt 'born again' & from d sound of it u aren't either. If u both were then I would have said u both now have completely new lives, new mindsets new goals.
I don't subscribe to d school of tot that says we can't police who we want to marry or married to. Our traditional way is to let ur family know who u want to marry and they are 2 carry out investigations on ur behalf. They'll investigate d girls past, her family(hereditary problems, financial problems, marital problems etc). Only ur family can undertake dis for u in a non-attached manner. U cannot just wake up and say I wanna get married to this lady. Do d right thing.
U should know that there is no laziness in marriage, u can't look unkempt, or know d basics of marriage. U have 2 be at ur guard 24/7. The enemy is looking for ways to take away our happiness. Since red flags are raised now I'll suggest u get ur family involved right away b4 u make a mistake dat U'll have to live with 4 d rest of ur life.
PoliticsRe: Wonderful Piece By Pst. Tunde Bakare At The SNG Town Hall Meeting: by sleekman(m): 12:35pm On Jan 24, 2012
“Woe is me, that I dwell in Meshech, That I dwell among the tents of Kedar. My soul has dwelt too long with one who hates peace. I am for peace; But when I speak, they are for war.” (Psalm 120:5-7)
Hmmm Pastor does know how to draw inspiration. I admire his courage. May he continue to be guided by God. All the traps, snares and fangs of the enemy shall not come near him. As he fights to uplift the common man so the good Lord shall uplift him in times of despair. Make no mistake pastor, they'll be coming after you with all canons blazing but hold steadfast to your God & he'll do exploits. Nigeria shall be great.
PoliticsRe: Picture Of The Prettiest Soldier In Nigeria by sleekman(m): 10:40am On Jan 21, 2012
Nigerian Army is losing its discipline. A lady can never wear any form of jewelry, extra piece of clothing with her uniform. She couldn't even use make up in uniform
PoliticsRe: Pengassan Would Not Be Joining The Strike As Promised - NLC President by sleekman(m): 9:11pm On Jan 15, 2012
Beaf:
_SMF-BREAK_You are only displaying your low IQ and defective genes._SMF-BREAK_If PENGASSAN has horns, let them come shut down the oil wells, its as simple as that. Or you come and do it if your chest is big enough._SMF-BREAK_I guess defeat is so painful, you guys thought you were the dogs bollocks only a few days ago, but its turned out you are the dogs shiit._SMF-BREAK__SMF-BREAK_Loser, I'm here laughing at you._SMF-BREAK_
@Beaf Let them come shutdown? Who has d low-IQ now u low life? Laughing at ur mum u mean for bringing a sick retard like u to life(wasted egg)? Or at your dad for cursing the worm that swarm 2 produce a scum bag? Seriously someone needs to hit d delete button. I think God might be considering deleting a malfunctioning program. MOFO
PoliticsRe: Pengassan Would Not Be Joining The Strike As Promised - NLC President by sleekman(m): 12:55pm On Jan 15, 2012
Beginning to imagine how sick & dumb Beaf is. So militants have the know withal to run d upstream sector. If PENGASSAN(upstream) shuts down militants will now force them back to work? Ori Okpe. Ode. E be like say u don chop beef infected with mad cow disease. You and ur pharaoh will soon know how far? Ode buruku, Ode oshi. Abeg make I ask u, MEND is in support of ur Oga abi? Your mumuism is a mystery only retards can demystify such Ijaw wonder. Sorry to my Ijaw brothers, if I was Ijaw I'll be ashamed this is the best of the Ijaw nation I can produce for president. Una produce a dullard with Phd. How e take get am?
EducationRe: Top Ten Colleges Of Medicine In Nigeria by sleekman(m): 12:00pm On Jan 15, 2012
@Poster if ure bright enuf and willing to work hard then I'll suggest u sit for SAT and apply for scholarships in the US. The best medical school in d country at d moment is Niger-Delta University in Bayelsa. They can compete favourably with the overseas counterparts because of d vast sums pumped in there by d current administration. Furthermore, they employing d best medical brains in d country. AAU, Igbinedion, Madonna is an absolute no for me. Uniben have over admitted so they need to clear their backlog.
PoliticsRe: NLC/TUC & FG Fail To Reach Compromise: Strike Continues by sleekman(m): 11:24am On Jan 15, 2012
Please people should stop talking about subsidy. It doesn't exist. What we have is a a tax hike of more than 400%. Actual price of PMS in Nigeria is N39.50k.
All the chickens are coming home to roost. The cabals & their backers in govt. are gradually being exposed. It has just come to light that the AGF is behind Oando and Eterna Oil. His various multi-million dollar, pounds and euro accounts have been exposed by ireports-ng.com. We are being robbed by this govt.
PoliticsRe: Occupy Nigeria: Updates From Across The Nation by sleekman(m): 3:05pm On Jan 07, 2012
Sanusi's argument is this: Marketer A imports 5MTof PMS, bribes his way through customs and claims he imported 25MT of PMS. Sanusi's Solution: Remove d fuel subsidy. My Question: in this age of technology and computers are they saying it is impossible to monitor d amount of fuel imported into this country? If it's impossible to monitor inbound fuel it then goes to show that outbound crude oil isn't monitored.
My Solution: I call for d immediate dissolution of d management of NNPC and Customs & call for their probe by a foreign audit firm. A foreign audit firm in partnership with Oracle or SAP can create the right inventory process for these agencies. Furthermore, the prosecution of all parties involved. They have to explain their fat accounts including that of their spouses and children. Enuf is enuf.
PoliticsRe: Obasanjo To Jonathan: Don’t Remove Subsidy by sleekman(m): 11:00am On Dec 22, 2011
I agree with u that there is an initial inflation but d inflation is shortlived because of CBNs actions 2 curb inflation. It's all about the multiplier effects of these actions. Once money is reduced from circulation and aggregate demand falls the govt profits big time. Once a new market equilibrium is reached the value of local currency becomes stronger. This is why d IMF is against the deregulation. I'm a fan of Buharinomics and I know Buhari would have made d refineries work to curb d exchange rate increase but then given that recurrent expenditure is 77% of D budget even Buhari would allow d inflation to bring down recurrent expenditure to about 40-50% of D budget. In order that GEJ be re-elected he shot himself by allowing 18k minimum wage. When u consider what d political class is earning and d civil servants then u see d need for allowing inflation to set in.
PoliticsRe: Obasanjo To Jonathan: Don’t Remove Subsidy by sleekman(m): 10:23am On Dec 22, 2011
@GenBuhari Sorry I didn't finish that. Reduced liquidity essentially means a stronger currency and an increased FDI(Foreign Direct Investment) due to foreign investors having d impression that there is a better investment climate in Nigeria. Removing d so called subsidy makes Nigerian economy attractive to foreign investors. Dat is why OBJ increased d price of fuel so many times so as to grow the external reserves and made d economy much more attractive externally. Fuel price increase is a form of contractionary fiscal policy by govt. It's also meant to create an artificial economic environment to show big time investors the d economy is in redistribution and dat d multiplier effects of monetary policy of d CBN would make earnings on their investment worthwhile.
PoliticsRe: Obasanjo To Jonathan: Don’t Remove Subsidy by sleekman(m): 6:46pm On Dec 20, 2011
GenBuhari:
First of all, let us be clear :

Fuel is not subsidised. Meaning that consumers are already paying per litre more than it cost Nigeria to produce fuel.

Why the government is being so deceitful by calling fuel price increases, "subsidy removal" is beyond me.

Perhaps they think by calling it "subsidy removal", there would be less protest as presumably people would believe that government is simply withdrawing a "gift" (the supposed subsidy)  they had given us undecided.

Well during his era, Obasanjo continually hiked fuel prices (upto  N75 /litre)  under the same pretence of "subsidy removal" and said he would use the money on "other things". In the end, he could not show what he use all the revenue realised for.

And the same old fool Obj  is here lecturing GEJ not to "remove subsidy" even though current fuel prices at N65/litre is less than what he had imposed on us before he left office.
This old fool Obasanjo has no shame! angry

The truth is that IMF have instructed our government to impoverish Nigerians further and the fuel hike is going to go hand in hand with the devaluation of the Naira. That is the real reason for the price hike, so do not be expecting any revenue from it to be available to be spent on "other things".

You would realise that what devaluation does is to cause price of almost eveything to increase (rise in inflation). Since the government does not compensate the masses with an equivalent adjustment or rise in wages, what it  effectively means is that everybody effectively takes a massive pay cut (mass impoverishment).

So since it seems that government is proposing N140 /litre , this would indicate that the devaluation would eventually be about 50% - which means price of most things is likely to double and the exchange rate could reach $1=N320

Fellow Nigerians prepare for the latest round of our impoverishment!!

God bless us all and Nigeria !
I just read through your write up. However, I'll like to correct some misconceptions you've made. Basic macroeconomics is the basis of my argument. Increase in the price of fuel = Increased Inflation which leads to the CBN putting in place monetary policy to curb high inflation as a result of deregulation. The monetary policy action by the CBN would require reducing money liquidity in the economy by increasing interest rates and making it  expensive to borrow. Fall in liquidity for the common man will mean more hardship. God helps us revolution next.
There are 2 major groups in any society, the nationalist and the reformists. Let me put it this way, the nationalists fight for the state to be more powerful and for the rule of law to apply to all. They want competition in all markets except for markets dominated by the market. Reformists prefer a laissez-faire economy where public companies are sold off and the ruling elite are above the law. Buhari heads the nationalists and Tinubu/OBJ the reformists though they're of different parties but they share the same ideology.
The reformists are trying to make the labour market competitive so hiking prices would mean shrinking of the upper middle class, increasing the lower middle class as well as further increase of the poor class. What this effectively does in 2013 is to reduce the recurrrent expenditure budget and probably increase the capital budget but since the reformists in power since 1999 except for a brief nationalist reign(Yar' Adua) have always increased the allowances of their croonies, the recurrent exp. budget is always larger than capital expenditure.
RomanceRe: Birthday Delimma: She Bought Me A Car On My Birtday, How Do I Return It? by sleekman(m): 12:12am On Dec 20, 2011
@femionasan Speech kini? Ok! Me I dey use tagbon recognition software plus lie detector
PoliticsRe: The Simple Arithmetic Of Oil Subsidy- Pastor Bakare by sleekman(op): 5:23pm On Dec 19, 2011
My people there is a problem. The not fight the messenger address the message. He just lay the simple truth for us to know. Something has to be done, this cannot continue. There must be a change
RomanceRe: Birthday Delimma: She Bought Me A Car On My Birtday, How Do I Return It? by sleekman(m): 5:00pm On Dec 19, 2011
*Singing*
Come little girl come carry me banana
Here I comeback me wanna go home
Dey, Misedey, Misedey, Misedey O!, *stops singing*
Calculating the empiricism of Chief Odiaero 1's lies. Finds it to be troubling. Also sounds like a Lamorde's patient coupled with the fact that his grammatical 'tagbons' can make a baby hiss.
RomanceRe: Birthday Delimma: She Bought Me A Car On My Birtday, How Do I Return It? by sleekman(m): 4:39pm On Dec 19, 2011
Idowuogbo:
I swear dis guy fostered seedlord correct[b] grammatical terrorist[/b] shocked, it af do ooo grin
PoliticsRe: 2012 Budget Compared To 2011 And 2010 (N13trn or $84bn) by sleekman(m): 1:20pm On Dec 19, 2011
https://www.nairaland.com/nigeria/topic-828350.0.html#msg9795771

Government have started sending out their agents of mass deceivers around. People claiming that recurrent expenditure is lower than capital expenditure. I'm getting tired O
PoliticsRe: The Simple Arithmetic Of Oil Subsidy- Pastor Bakare by sleekman(op): 1:17pm On Dec 19, 2011
deor03:
This is NOT simple !
Guy the fuel government claims to subsidize is about to be removed. Nothing is simple we should all know the truth
PoliticsRe: The Simple Arithmetic Of Oil Subsidy- Pastor Bakare by sleekman(op): 12:45pm On Dec 19, 2011
I just bolded a few lines in the article. It is clear we're being lied too. Now they are deceiving people that the recurrent expenditure is more that capital expenditure. There is nothing these looters won't do to continue stealing. Una cup don dey full O!

The Simple Arithmetic of Oil Subsidy

Posted at Dec 18, 2011|Posted in  Nation Building| By Babatunde Bakare|No comments
Being text of a speech delivered by Pastor ‘Tunde Bakare, Serving Overseer of The Latter Rain Assembly, at the church auditorium on Sunday, the 18th day of December, 2011

Fellow citizens of a potentially great country being daily dehumanised by leaders who hate us, I am here this morning in the normal course of duty, the duty of a shepherd, as stipulated in the book of Jeremiah the Prophet: (Jeremiah 23:3 & 4, NKJV)
God’s desire for His flock is fruitfulness and increase, but such flock require a different kind of ‘feed’ that will guarantee that they are not afraid, dismayed, or lacking anything. This special feed is “knowledge and understanding” as stated in Jeremiah 3:15

And I will give you shepherds according to My heart, who will feed you with knowledge and understanding.
My objective in this presentation is to confute the confusion created by a government that is hell-bent on the removal of oil subsidy without due regard for the feelings/sufferings of a people being pushed to the wall.

Let me start this presentation from a definitive standpoint and move on to other issues that will bring light and illumination to this manufactured foggy issue. To subsidise is to sell a product below cost of production. Up until this time, neither the federal government nor the Nigerian National Petroleum Corporation (NNPC) has told us the cost of producing a litre of oil in our Warri, Port Harcourt or Kaduna refineries, so the nation is not in a position to take an informed stand on whether or not oil is being subsidized.

However, according to statistics from the Petroleum Products Pricing Regulatory Agency (PPRA) and National Bureau of Statistics, getting petrol to Nigerian ports costs N117.74 per litre. And because of deliberated gross inefficiency at the Nigerian ports, an additional cost of N6.25 per litre is incurred. The petrol is usually stored at the ports. It is not transferred directly from the ships to the trucks and so the ports charge N3.00 for storage and an administrative cost of N15.00. Other costs include a bridging fund of N3.95 and then the dealers add their margin of N1.75 per litre. The transporters add their own margin of N2.70, while filling stations add a margin of N4.60. So the cost of fuel at petrol stations comes to N138.19 per litre, or approximately N140.00 per litre. And because it is sold for N65 per litre, the federal government pays the shortfall of N75.00 or thereabout on every litre of petrol. This extra N75.00 called subsidy, is what the government says will bankrupt the nation if it is not stopped forthwith.

If you have followed me so far, it will be clear to you that the federal government is not subsidising the cost of production of refined oil in our nation. What the government is subsidising is the alternative cost of importation. This shows clearly that our leaders have allowed their laziness to envelope the entire nation so that we have corporately become a lazy nation according to the biblical definition. In Proverbs 12:24, the Bible states that

The lazy man does not roast what he took in hunting, But diligence is man’s precious possession.
Simply put, due to laziness and lack of diligence, our leaders cannot refine enough crude oil for our consumption.

Furthermore, in addition to its exploration activities, NNPC was given powers and operational interests by enabling legislation in refining petrochemicals, transporting products and marketing. Between 1978 and 1989, NNPC constructed refineries in Warri, Kaduna and Port Harcourt and took over the 35,000-barell Shell refinery established in Port Harcourt in 1965 and expanded it to become a two-tier refinery.

Today, the four refineries in Nigeria currently operate at 21% capacity providing 93,450 litres daily, while, on average, Nigerians use 294,000 litres of fuel per day which means that an additional 200,550 litres is imported to meet the domestic need. If you multiply that figure of 200,550 litres by the N75.00 absurdity called subsidy, Nigeria spends N15 million daily to pay for our leadership failure and pathological laziness.

The federal government has been dangling the carrot of what enormous savings they stand to make and then invest in infrastructural development, mass food production, education, health services and minimum wage. These half truths and easy answers are weapons of mass deception as the government cannot save the entirety of the sum being touted for the simple reason that 40% of total fuel consumption is by the government itself.

Fellow citizens of Nigeria, by removing the subsidy – if we ever allow this to take place – Nigerians will be made to pay for the ineptitude of their leaders and the kleptomania of government functionaries. Like other nations, some less endowed, we have the opportunity to set up our own refineries, refine our products, sell and export refined products, and make money. Instead of doing that, both NNPC and the government “explore sleaze, refine roguery and market sharp practices.” They cannot complain that they import at a high price. It is their idiotic choice and Nigerians should not be made scapegoats for their poor choices.

I have other reasons why Nigerians at home and abroad, young and old, must stand against the removal of this absurdity called subsidy, so that the government can be compelled to look inward and stop fleecing the poor people of this nation.

Successive governments have failed to explain why the refineries have remained incapacitated despite humongous investments over the years on Turn Around Maintenance (TAM);
At present, the four (4) refineries in Nigeria operate at 21% of their total capacity and produce 93,450 litres per day. We have not been told the cost per litre as earlier mentioned and the reason is not farfetched – the disparity between local cost of production and cost of importation will glaringly show the cost of our leaders’ negligence and incompetence. To show the lack of foresight and unpardonable haemorrhaging of our national economy, if the refineries are made to run at only 66% capacity, they would produce more than the 294,000 litres needed domestically everyday;
Nigeria under irresponsible leadership prides itself as the sixth (6th) largest producer of oil while wearing the shameful badge of being one of the highest importers of petroleum products, paying as much as N1.3 trillion to sacred fat cats that are untouchable because of compromises at the highest level of government in our nation. Whereas nations more or less endowed as we are, like Libya and Venezuela, refine their own crude oil. Venezuela does not even export a drop of crude. Why does our country continue to export crude oil to countries that then refine and sell it back to us at higher prices?
Why does NNPC leave its own storage facilities unused and proceed to incur additional costs from leasing third party storage facilities? The DPK tanks with a storage capacity of 18,000 cubic metres at the PPMC depots within the Mosimi area have not been used for three years, though they are in good condition. The cost of leasing third party facilities is passed to the government and entered as subsidy in the books. The owners of these third party facilities are not faceless people, they are part of the cartel siphoning the resources of our nation. They cannot do it without the collaboration of those in the corridors of power;
The federal government of Nigeria does not tell the whole truth each time it trumpets and blows its propaganda machinery that the present N65.00 per litre we pay for petrol is the lowest in the world. Put side by side with the cost per litre of petrol in other oil producing nations, ours is one of the highest:
[size=14pt]Iran sells for N58.40 per litre
Kuwait: N30.66 per litre
Qatar: N32.12 per litre
Saudi Arabia: N17.52 per litre
United Arab Emirates: N54.02 per litre
Libya: N15.95 per litre
[/size]

This oil subsidy saga to me is the proverbial handwriting on the wall and this government has taken the toga of Rehoboam, the son of Solomon, to further concretise the suffering of our people in the midst of plenty. Rehoboam thought he could continue the profligacy of his father, but the people that were pushed to the wall kicked back because they could not comprehend why their nation had everything but the citizens paradoxically lacked everything.

A cursory look at this scandalous precedent in the Bible and the attendant consequence that ensued will show to the wise and discerning the end-product of taking the people you are meant to serve for granted.

The abundance the land of Israel experienced in the days of Solomon can be likened to the period of our oil boom when one of our military leaders exclaimed that Nigeria’s problem is not money, but how to spend it.
Let’s check the Scriptures for indicators of King Solomon’s stupendous wealth:

a. 1 Kings 10:14-29 (especially vs. 27)


The response of King Rehoboam is not different from that of President Jonathan who recently told us that rather than lightening the burdensome service of our people, he is ready for mass revolt. And, by the grace of God, mass revolt is what he will get. What brought him to power is powerful enough to flush him out of power. The power brokers pushing him to talk tough will back off and sell out when they are face-to-face with the rage of the poor and the resentment of those excluded, deprived, and robbed. Nothing calls for the barking of a leader at the people, except he has, in the words of King Solomon, become a wicked ruler over poor people whose demeanour is likened to a roaring lion and a charging bear (Proverbs 28:15).

In closing, let me give a cautionary word to those who think they can continue afflicting the people at whose expense they maintain past and present profligacy. I am talking about those at the different tiers of government who impose unnecessary tax burdens on poor people. Those who don’t learn from history either repeat the blunders of the past or they become history themselves. King Rehoboam assumed that it was business as usual, so he sent his revenue collector Adoniram to impose punitive taxes on economically deprived people. They responded to him with stones and he died – 1 Kings 12:8 –


Then King Rehoboam sent Adoram, who was in charge of the revenue; but all Israel stoned him with stones, and he died. Therefore King Rehoboam mounted his chariot in haste to flee to Jerusalem.

Let those relying on their ill-equipped, underpaid, and underfed police officers and political thugs remember the words of President J.F. Kennedy:


A society that cannot help the many who are poor, cannot save the few that are rich.


Until this government downsizes, cuts down on its profligacy, and leads by example in modesty and moderation, the poor people of this country will not subsidise the excesses of the oil sector fat cats and the immorality of the self-centred and indulgent lifestyles of those in government. No leader can survive for long in power without peace. And let no one dream of peace without justice and equity.

The words of President Dwight Eisenhower are very apt and I finally close with them:


Though force can protect in emergency, only justice, fairness, consideration and co-operation can finally lead men to the dawn of eternal peace.

[size=14pt]May the soul of oil subsidy and those who desire to inflict us with further injury rest in perfect peace. Amen and Amen.[/size]

http://babatundebakare.com/site/?p=296
PoliticsThe Simple Arithmetic Of Oil Subsidy- Pastor Bakare by sleekman(op): 12:05pm On Dec 19, 2011
The Simple Arithmetic of Oil Subsidy

Posted at Dec 18, 2011|Posted in  Nation Building| By Babatunde Bakare|No comments
Being text of a speech delivered by Pastor ‘Tunde Bakare, Serving Overseer of The Latter Rain Assembly, at the church auditorium on Sunday, the 18th day of December, 2011

Fellow citizens of a potentially great country being daily dehumanised by leaders who hate us, I am here this morning in the normal course of duty, the duty of a shepherd, as stipulated in the book of Jeremiah the Prophet:

3. But I will gather the remnant of My flock out of all countries where I have driven them, and bring them back to their folds; and they shall be fruitful and increase.
4. I will set up shepherds over them who will feed them; and they shall fear no more, nor be dismayed, nor shall they be lacking,” says the Lord. (Jeremiah 23:3 & 4, NKJV)
God’s desire for His flock is fruitfulness and increase, but such flock require a different kind of ‘feed’ that will guarantee that they are not afraid, dismayed, or lacking anything. This special feed is “knowledge and understanding” as stated in Jeremiah 3:15

And I will give you shepherds according to My heart, who will feed you with knowledge and understanding.
My objective in this presentation is to confute the confusion created by a government that is hell-bent on the removal of oil subsidy without due regard for the feelings/sufferings of a people being pushed to the wall.

Let me start this presentation from a definitive standpoint and move on to other issues that will bring light and illumination to this manufactured foggy issue. To subsidise is to sell a product below cost of production. Up until this time, neither the federal government nor the Nigerian National Petroleum Corporation (NNPC) has told us the cost of producing a litre of oil in our Warri, Port Harcourt or Kaduna refineries, so the nation is not in a position to take an informed stand on whether or not oil is being subsidized.

However, according to statistics from the Petroleum Products Pricing Regulatory Agency (PPRA) and National Bureau of Statistics, getting petrol to Nigerian ports costs N117.74 per litre. And because of deliberated gross inefficiency at the Nigerian ports, an additional cost of N6.25 per litre is incurred. The petrol is usually stored at the ports. It is not transferred directly from the ships to the trucks and so the ports charge N3.00 for storage and an administrative cost of N15.00. Other costs include a bridging fund of N3.95 and then the dealers add their margin of N1.75 per litre. The transporters add their own margin of N2.70, while filling stations add a margin of N4.60. So the cost of fuel at petrol stations comes to N138.19 per litre, or approximately N140.00 per litre. And because it is sold for N65 per litre, the federal government pays the shortfall of N75.00 or thereabout on every litre of petrol. This extra N75.00 called subsidy, is what the government says will bankrupt the nation if it is not stopped forthwith.

If you have followed me so far, it will be clear to you that the federal government is not subsidising the cost of production of refined oil in our nation. What the government is subsidising is the alternative cost of importation. This shows clearly that our leaders have allowed their laziness to envelope the entire nation so that we have corporately become a lazy nation according to the biblical definition. In Proverbs 12:24, the Bible states that

The lazy man does not roast what he took in hunting, But diligence is man’s precious possession.
Simply put, due to laziness and lack of diligence, our leaders cannot refine enough crude oil for our consumption.

Furthermore, in addition to its exploration activities, NNPC was given powers and operational interests by enabling legislation in refining petrochemicals, transporting products and marketing. Between 1978 and 1989, NNPC constructed refineries in Warri, Kaduna and Port Harcourt and took over the 35,000-barell Shell refinery established in Port Harcourt in 1965 and expanded it to become a two-tier refinery.

Today, the four refineries in Nigeria currently operate at 21% capacity providing 93,450 litres daily, while, on average, Nigerians use 294,000 litres of fuel per day which means that an additional 200,550 litres is imported to meet the domestic need. If you multiply that figure of 200,550 litres by the N75.00 absurdity called subsidy, Nigeria spends N15 million daily to pay for our leadership failure and pathological laziness.

The federal government has been dangling the carrot of what enormous savings they stand to make and then invest in infrastructural development, mass food production, education, health services and minimum wage. These half truths and easy answers are weapons of mass deception as the government cannot save the entirety of the sum being touted for the simple reason that 40% of total fuel consumption is by the government itself.

Fellow citizens of Nigeria, by removing the subsidy – if we ever allow this to take place – Nigerians will be made to pay for the ineptitude of their leaders and the kleptomania of government functionaries. Like other nations, some less endowed, we have the opportunity to set up our own refineries, refine our products, sell and export refined products, and make money. Instead of doing that, both NNPC and the government “explore sleaze, refine roguery and market sharp practices.” They cannot complain that they import at a high price. It is their idiotic choice and Nigerians should not be made scapegoats for their poor choices.

I have other reasons why Nigerians at home and abroad, young and old, must stand against the removal of this absurdity called subsidy, so that the government can be compelled to look inward and stop fleecing the poor people of this nation.

Successive governments have failed to explain why the refineries have remained incapacitated despite humongous investments over the years on Turn Around Maintenance (TAM);
At present, the four (4) refineries in Nigeria operate at 21% of their total capacity and produce 93,450 litres per day. We have not been told the cost per litre as earlier mentioned and the reason is not farfetched – the disparity between local cost of production and cost of importation will glaringly show the cost of our leaders’ negligence and incompetence. To show the lack of foresight and unpardonable haemorrhaging of our national economy, if the refineries are made to run at only 66% capacity, they would produce more than the 294,000 litres needed domestically everyday;
Nigeria under irresponsible leadership prides itself as the sixth (6th) largest producer of oil while wearing the shameful badge of being one of the highest importers of petroleum products, paying as much as N1.3 trillion to sacred fat cats that are untouchable because of compromises at the highest level of government in our nation. Whereas nations more or less endowed as we are, like Libya and Venezuela, refine their own crude oil. Venezuela does not even export a drop of crude. Why does our country continue to export crude oil to countries that then refine and sell it back to us at higher prices?
Why does NNPC leave its own storage facilities unused and proceed to incur additional costs from leasing third party storage facilities? The DPK tanks with a storage capacity of 18,000 cubic metres at the PPMC depots within the Mosimi area have not been used for three years, though they are in good condition. The cost of leasing third party facilities is passed to the government and entered as subsidy in the books. The owners of these third party facilities are not faceless people, they are part of the cartel siphoning the resources of our nation. They cannot do it without the collaboration of those in the corridors of power;
The federal government of Nigeria does not tell the whole truth each time it trumpets and blows its propaganda machinery that the present N65.00 per litre we pay for petrol is the lowest in the world. Put side by side with the cost per litre of petrol in other oil producing nations, ours is one of the highest:
Iran sells for N58.40 per litre
Kuwait: N30.66 per litre
Qatar: N32.12 per litre
Saudi Arabia: N17.52 per litre
United Arab Emirates: N54.02 per litre
Libya: N15.95 per litre
This oil subsidy saga to me is the proverbial handwriting on the wall and this government has taken the toga of Rehoboam, the son of Solomon, to further concretise the suffering of our people in the midst of plenty. Rehoboam thought he could continue the profligacy of his father, but the people that were pushed to the wall kicked back because they could not comprehend why their nation had everything but the citizens paradoxically lacked everything.

A cursory look at this scandalous precedent in the Bible and the attendant consequence that ensued will show to the wise and discerning the end-product of taking the people you are meant to serve for granted.

The abundance the land of Israel experienced in the days of Solomon can be likened to the period of our oil boom when one of our military leaders exclaimed that Nigeria’s problem is not money, but how to spend it.
Let’s check the Scriptures for indicators of King Solomon’s stupendous wealth:

a. 1 Kings 10:14-29 (especially vs. 27)


14 The weight of gold that came to Solomon yearly was six hundred and sixty-six talents of gold,


15 besides that from the travelling merchants, from the income of traders, from all the kings of Arabia, and from the governors of the country.


16 And King Solomon made two hundred large shields of hammered gold; six hundred shekels of gold went into each shield.


17 He also made three hundred shields of hammered gold; three minas of gold went into each shield. The king put them in the House of the Forest of Lebanon.


18 Moreover the king made a great throne of ivory, and overlaid it with pure gold.


19 The throne had six steps, and the top of the throne was round at the back; there were armrests on either side of the place of the seat, and two lions stood beside the armrests.


20 Twelve lions stood there, one on each side of the six steps; nothing like this had been made for any other kingdom.


21 All King Solomon’s drinking vessels were gold, and all the vessels of the House of the Forest of Lebanon were pure gold. Not one was silver, for this was accounted as nothing in the days of Solomon.


22 For the king had merchant ships at sea with the fleet of Hiram. Once every three years the merchant ships came bringing gold, silver, ivory, apes, and monkeys.


23 So King Solomon surpassed all the kings of the earth in riches and wisdom.


24 Now all the earth sought the presence of Solomon to hear his wisdom, which God had put in his heart.


25 Each man brought his present: articles of silver and gold, garments, armor, spices, horses, and mules, at a set rate year by year.


26 And Solomon gathered chariots and horsemen; he had one thousand four hundred chariots and twelve thousand horsemen, whom he stationed in the chariot cities and with the king at Jerusalem.


27 The king made silver as common in Jerusalem as stones, and he made cedar trees as abundant as the sycamores which are in the lowland.


28 Also Solomon had horses imported from Egypt and Keveh; the king’s merchants bought them in Keveh at the current price.


29 Now a chariot that was imported from Egypt cost six hundred shekels of silver, and a horse one hundred and fifty; and thus, through their agents, they exported them to all the kings of the Hittites and the kings of Syria.

B. King Solomon’s daily provision – 1 Kings 4:20-28



20 Judah and Israel were as numerous as the sand by the sea in multitude, eating and drinking and rejoicing.


21 So Solomon reigned over all kingdoms from the River to the land of the Philistines, as far as the border of Egypt. They brought tribute and served Solomon all the days of his life.


22 Now Solomon’s provision for one day was thirty kors of fine flour, sixty kors of meal,


23 ten fatted oxen, twenty oxen from the pastures, and one hundred sheep, besides deer, gazelles, roebucks, and fatted fowl.


24 For he had dominion over all the region on this side of the River from Tiphsah even to Gaza, namely over all the kings on this side of the River; and he had peace on every side all around him.


25 And Judah and Israel dwelt safely, each man under his vine and his fig tree, from Dan as far as Beersheba, all the days of Solomon.


26 Solomon had forty thousand stalls of horses for his chariots, and twelve thousand horsemen.


27 And these governors, each man in his month, provided food for King Solomon and for all who came to King Solomon’s table. There was no lack in their supply.


28 They also brought barley and straw to the proper place, for the horses and steeds, each man according to his charge.



C. The splendour of King Solomon’s cabinet – 2 Chronicles 9:1-8



1 Now when the queen of Sheba heard of the fame of Solomon, she came to Jerusalem to test Solomon with hard questions, having a very great retinue, camels that bore spices, gold in abundance, and precious stones; and when she came to Solomon, she spoke with him about all that was in her heart.


2 So Solomon answered all her questions; there was nothing so difficult for Solomon that he could not explain it to her.


3 And when the queen of Sheba had seen the wisdom of Solomon, the house that he had built,


4 the food on his table, the seating of his servants, the service of his waiters and their apparel, his cupbearers and their apparel, and his entryway by which he went up to the house of the LORD, there was no more spirit in her.


5 Then she said to the king: “It was a true report which I heard in my own land about your words and your wisdom.


6 However I did not believe their words until I came and saw with my own eyes; and indeed the half of the greatness of your wisdom was not told me. You exceed the fame of which I heard.


7 Happy are your men and happy are these your servants, who stand continually before you and hear your wisdom!


8 Blessed be the LORD your God, who delighted in you, setting you on His throne to be king for the LORD your God! Because your God has loved Israel, to establish them forever, therefore He made you king over them, to do justice and righteousness.



Let’s compare the life of the king and his officers in the palace and government with the life of the citizens in the streets of Jerusalem where silver was as common as stones.

1 Kings 12:1-16 (especially vs. 4)



1 And Rehoboam went to Shechem, for all Israel had gone to Shechem to make him king.


2 So it happened, when Jeroboam the son of Nebat heard it (he was still in Egypt, for he had fled from the presence of King Solomon and had been dwelling in Egypt),


3 that they sent and called him. Then Jeroboam and the whole assembly of Israel came and spoke to Rehoboam, saying,


4 “Your father made our yoke heavy; now therefore, lighten the burdensome service of your father, and his heavy yoke which he put on us, and we will serve you.”


5 So he said to them, “Depart for three days, then come back to me.” And the people departed.


6 Then King Rehoboam consulted the elders who stood before his father Solomon while he still lived, and he said, “How do you advise me to answer these people?”


7 And they spoke to him, saying, “If you will be a servant to these people today, and serve them, and answer them, and speak good words to them, then they will be your servants forever.”


8 But he rejected the advice which the elders had given him, and consulted the young men who had grown up with him, who stood before him.


9 And he said to them, “What advice do you give? How should we answer this people who have spoken to me, saying, ‘Lighten the yoke which your father put on us’?”


10 Then the young men who had grown up with him spoke to him, saying, “Thus you should speak to this people who have spoken to you, saying, ‘Your father made our yoke heavy, but you make it lighter on us’—thus you shall say to them: ‘My little finger shall be thicker than my father’s waist!


11 And now, whereas my father put a heavy yoke on you, I will add to your yoke; my father chastised you with whips, but I will chastise you with scourges!’”


12 So Jeroboam and all the people came to Rehoboam the third day, as the king had directed, saying, “Come back to me the third day.”


13 Then the king answered the people roughly, and rejected the advice which the elders had given him;


14 and he spoke to them according to the advice of the young men, saying, “My father made your yoke heavy, but I will add to your yoke; my father chastised you with whips, but I will chastise you with scourges!”


15 So the king did not listen to the people; for the turn of events was from the LORD, that He might fulfill His word, which the LORD had spoken by Ahijah the Shilonite to Jeroboam the son of Nebat.


16 Now when all Israel saw that the king did not listen to them, the people answered the king, saying:
“What share have we in David?

We have no inheritance in the son of Jesse.

To your tents, O Israel!

Now, see to your own house, O David!”

So Israel departed to their tents.





The response of King Rehoboam is not different from that of President Jonathan who recently told us that rather than lightening the burdensome service of our people, he is ready for mass revolt. And, by the grace of God, mass revolt is what he will get. What brought him to power is powerful enough to flush him out of power. The power brokers pushing him to talk tough will back off and sell out when they are face-to-face with the rage of the poor and the resentment of those excluded, deprived, and robbed. Nothing calls for the barking of a leader at the people, except he has, in the words of King Solomon, become a wicked ruler over poor people whose demeanour is likened to a roaring lion and a charging bear (Proverbs 28:15).

In closing, let me give a cautionary word to those who think they can continue afflicting the people at whose expense they maintain past and present profligacy. I am talking about those at the different tiers of government who impose unnecessary tax burdens on poor people. Those who don’t learn from history either repeat the blunders of the past or they become history themselves. King Rehoboam assumed that it was business as usual, so he sent his revenue collector Adoniram to impose punitive taxes on economically deprived people. They responded to him with stones and he died – 1 Kings 12:8 –


Then King Rehoboam sent Adoram, who was in charge of the revenue; but all Israel stoned him with stones, and he died. Therefore King Rehoboam mounted his chariot in haste to flee to Jerusalem.

Let those relying on their ill-equipped, underpaid, and underfed police officers and political thugs remember the words of President J.F. Kennedy:


A society that cannot help the many who are poor, cannot save the few that are rich.

Until this government downsizes, cuts down on its profligacy, and leads by example in modesty and moderation, the poor people of this country will not subsidise the excesses of the oil sector fat cats and the immorality of the self-centred and indulgent lifestyles of those in government. No leader can survive for long in power without peace. And let no one dream of peace without justice and equity.

The words of President Dwight Eisenhower are very apt and I finally close with them:


Though force can protect in emergency, only justice, fairness, consideration and co-operation can finally lead men to the dawn of eternal peace.

May the soul of oil subsidy and those who desire to inflict us with further injury rest in perfect peace. Amen and Amen.

http://babatundebakare.com/site/?p=296
RomanceRe: Birthday Delimma: She Bought Me A Car On My Birtday, How Do I Return It? by sleekman(m): 8:27am On Dec 19, 2011
Chei NL unu no go use e laff killi me. @Odaiero na where d pixur now?smiley shior! E be like say u go need grand pa's vespa abi citreon after all ur mouth but if it turns out to be true ur case will be similar to an experience of mind in secondary school. I saw this Chinese movie, got to school d next day narrated d movie and after keeping my friends spell bound for one hour, they were quiet for about 5mins, then exclaimed, ''Kai! Guy you sabi lie'' Throughout secondary school dat stuck with me. My last year of school, one of d guys I narrated d movie to saw d movie. He came to meet me privately and told me he saw d movie too and dat I wasn't lying. The movie was exactly d way I said it. I was so happy so I urged him to tell d others and he said never not after he saw my fate. He even said he'll deny ever seeing d movie if I told anyone. Dats life 4 u.
FamilyRe: My Husband And I Are Not Talking - And I Don't Know What To Do by sleekman(m): 11:38pm On Dec 06, 2011
@OP I share ur pain although I haven't heard from d other side. One thing I have noticed is ur state of depression. Are u sure those fertility drugs aren't mis-working. I know that fertility drugs as well as pregnancy pills get ladies depressed especially if u have high bp problems. I think in addition to ur going over these with ur husband I think you need to see ur doctor & a psychologist. This ur depressed state might be a side effect of d fertility drugs.
FamilyRe: His Wife Has Too Many Male Friends by sleekman(m): 2:08pm On Dec 02, 2011
Guy some recommended course of action for you.

Discuss seriously and at lenght with her how unhappy and uncomfortable you are with her actions and if after this lengthy discussion she persists at her actions then proceed further with these others.

Cheap Option

1. Next time she picks a wierd call at night then, ask her for the fone and if she gives you then head to the bathroom switch of fone and immerse it in water for 1min. Return wet fone to her and if she gets mad do not reply her. After she's been talking for too long, simply just tell her it will be worse next time. The phone can be laid to dry and work later.

Expensive Option

2. Forcefully grab fone, head to the kitchen, grab a pistle or a hammer and hit at the fone outrageously and as violent as possible. Take out all your frustrations on the fone and when you're done with rage and red eyes hand her what's left of the fone. Look like someone that is about to commit murder.


Most Effective Option

When your friends and her friends are around all having a good time. Just bring up the topic. Try to make it as humourous as possible. End the humour with how u were in the 'middle of your flight' and she answered a call and how u'll be so looking forward to catching her in a fidelity act and how you intend to dismantle both her and her fellow culprits 'members'. All of these said while you've had a few bottles and you're all laughing. Trust me the last option will work like magic.
BusinessRe: Forex Trading Vs Nigerian Factor. Who Wins? by sleekman(m): 12:33pm On Nov 28, 2011
As someone who's successful at forex trading to another. Do not be deceived by autorobots, autopilots or whatever scripts people claim to have. Forex trading takes 5-10yrs to master. Those that make up the  profitable 5% of the market know that you can't make real money day trading or scalping the market, Position and swing traders make the most money from the markets. To make money from forex requires lots of studying and time. It takes about a year to master the market lingo, another year to master patterns and perhaps another two to three years to master market movers or what the masters call 'natural cause or natural vibrations'. It takes 5years or more to master oneself. Trading Forex is like someone that just became 'born again'. You have to master your emotions. Control of ones fear and greed are essential in successful trading. Patient dog eats the fattest bone holds so true in the forex market. You master yourself then you learn to be patient. There're no corners in the forex market. Today you can use $10k to make $200k in 2 weeks you can also lose all of that in the same time frame but if you become a master you'll 'always make profit in the long-run as well as knowing how to preserve your growing capital.
If you want to learn to trade the market then learn from the masters of old. W.D Gann, Elliot et al. Forex is no gambling. Jesus said if you learn from the ants you gain wisdom same applies to the market, there're no short cuts. Do the time and let time reward you handsomely in the future. If you require soft copy books and you feel you can do the time then mail me at aihotrading@gmail.com. Resources I provide are free but if you want tutoring then I'm sorry I have not the time for that except what you're offering is more than what I'm making per hour which I doubt you can afford. The best advice I'll give any trader is this. Master thyself. Self-Mastery is the key to profits in the markets. Be it forex, Stocks, futures, Commodities whatever. Same technique applies.
CelebritiesRe: Breaking News! Court Awards 25million To Baba Suwe by sleekman(m): 10:23am On Nov 25, 2011
[size=18pt]Very Expensive Shit. This one go enter Guinness world book of records. $157,000 shit. Chei![/size]

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