₦airaland Forum

Praxis758:
Everything around that Kwakwanso guy looks creepy, vengeful and bellicose.

Really? He looks distinguished and statesmanly actually.

[quote author= post=123684760]Innoson is building another massive plant strictly for military in Nnewi


https://www.youtube.com/watch?v=Y1p8CnL9K_I[/quote]Nice. Nigeria to the world!

[quote author= post=123684382]Show me the video of any of those assembly companies let compare with Innoson


https://www.youtube.com/watch?v=rgWYd2_VLTU[/quote]Why?

I believe for now Innoson is likely the largest/most developed so I would expect their facility to be the best.

That said they don't all operate in the same market. For instance, Proforce and DICON are strictly manufacturers of military vehicles.

[quote author= post=123684274]Nord is an assembly plant



Innoson manufacturing

https://www.youtube.com/watch?v=bxO6TLnppBY

Below is Nord assembly warehouse[/quote]Nope, Nord manufacturers:

https://nordmotion.com/about/

So we have up to 30 vehicle assemblers and manufacturers in Nigeria?

I strongly doubt it.

The ones I know are:

Innoson - manufacturer
NORD - manufacturer
Proforce - manufacturer
DICON - manufacturer
Peugeot - assembler
Tata - assembler

Who are the rest?

We know he didn't literally say Peter Obi rigged the election. But did he say magic happened to Atiku's votes? Yes, he did.

He wants to pin the blame on INEC but obviously, INEC was not a candidate in the elections so any malpractice on the part of INEC staff would have been done in favour of one candidate or the other.

Alayiwola:
You people don't understand,this subsidy issue.
This is how they do it.. All PMS are imported by NNPC.. Marketers buy from NNPC at certain rate. Subsidized by government.
So for now.. No marketer have been given license to import PMS.. They are still buying from NNPC at a rate without subsidy.
The issue marketer have now is something they are buying around 160naira from NNPC is now over 400naira so they Ned more money to buy.
So there's no way a marketer gain from subsidy directly.. Subsidy can only be stolen by NNPC. Which they've been doing.
The scanner is not Marketer it's NNPC

That's not how it works. Subsidy rebate claims are made by oil marketers. They work with NNPC insiders to present false claims but the claims are made by marketers.

For further understanding: the subsidy is not based on what you buy from NNPC. It's based on how much you sell at the pump, and it is paid after sales not before.

dyera:
Make NNPCL sell am for them for credit.



And the boss of NNPCL said that switching from importation of fuel and getting it from local refinery will cause the pump price to reduce. The NNPCL boss is obviously a lying criminal.

He never said that. He is on record as saying the opposite actually.

Secondly is there any local refinery currently working?

bentenny:
What are the specifics that were not contained in the initial electricity act signed by buhari?

Buhari did not sign an electricty Act. He signed a constitutional ammendment bill. What Tinubu has signed is the only such Act.

Acidosis:
Another electricity bill?

Which other electricity Act (not bill)do you know of?

bentenny:
So I ask again what is the difference?
This act signed by bihari also gives states the authority to create their own regulatory body which can give license to private electricity companies!

There's a difference. Buhari signed a constitutional ammendment to make it possible for states to regulate power. But you still need an Act to prescribe the specifics of how it will work.

bigdammyj:
Okay.

Buit, I thought Buhari did that a week or so to his retirement.

Buhari ammended the Constitution to pave the way for the creation of this Act. Its like a relay race.

Wodu89:
They're killing the country on purpose For their own to benefit from it's demise

So when Jonathan allowed the refineries to fall into disrepair, who was it supposed to benefit?

UselessBuharist:
His cars are too expensive

Which one have you priced?

Oakenshield:
Good but the issue na charging

What are you charging? Lake Chad?



The buses run on gas.

lexy2014:
How have the average consumer of fuel in Nigeria been buying excessive fuel and wasting the fuel?

Why will retail outlets be forced to reduce prices?

I thought you guys said petrol price is a product of global crude oil price, landing cost and transportation cost and PMS price has be high to cover these costs? Have these prices depreciated?

It's all basic economics.

1. Who is the average consumer of fuel in Nigeria? By far the highest (and therefore average) consumer of fuel is the wealthy upper class that own 2-3 vehicles, run generators all day and so on. This is wastage.

2. Basic principles: higher demand leads to higher prices, higher prices leads to lower demand, lower demand leads to lower prices. In the middle of the cycle there is a place where optimum demand meets optimum pricing, and the price rests there, provided all other factors remain constant. What we have seen over the past week is excess demand pushing prices up. At the current prices, people will shun fuel--as you will have seen from the article. As more people shun fuel, retail outlets will make lower sales and less profits. Remember that fuel subsidy is still in play at this point. To recover to the level sales they want to make, prices will have to drop by some amount.

3. Who is you people? Talk in a reasonable way so I can understand you. In any cases, prices are a function of market forces at many levels, both international and local. If there is a shift in global market factors, it will of course affect local prices. does that mean global market factors are the only determinants of prices? Obviously not, as there are local market forces too.

However, under the subsidy regime, consumers were largely shielded from global shocks. In a free market economy, prices will have to respond fluidly to all market forces.

This is the beauty of free market economics.

Remove subsidies and people will only buy the amount of petrol needed. Excessive, wasteful usage decreases, more people will walk, more people will use public transport.

Eventually the retail outlets will be forced to reduce the prices, leading to that beautiful marriage between demand and supply known as equilibrium.

Wonderful, beautiful, efficient.

pocohantas:
So?
Nigerians paid KimK thousands of dollars years ago to visit Nigeria for 10 minutes. Wizkid and Davido have been paid more than 10m. Even Portable gets paid to sing and dance like a retard.

This act of expecting gospel musicians to swim in poverty has to stop. I am pleased with how they are driving fine cars and living in fine houses. It is good motivation for people to remain in the vineyard. Else we would keep seeing people like Chidinma and Praise that started off in the church, but entered street to make ends meet.

This idea of importing worldly practices into the Church is problematic. The Biblical template for ministers is "freely have ye recieved, freely ye shall give"

The idea that riches should be an enticement for ministers to remain in the fold also has no scriptural backing. You dont remain in the fold for financial rewards. You remain because of your commitment to Jesus.

And while being committed to him, you do so with the understanding that your reward is from Him and He will provide your needs.

It is a difficult doctrine but that is why Jesus said narrow is the way (difficult) and strait are the gates (uncomfortable) that lead to life, and few there be that find it.

ChybuzzDD:
What's the relevance of the bolded to your points??

I wanted to ask too.

That suspect can't be 23 tho. Probably inflated his age for electoral purposes.

AntiChristian:
If one Northern Politician says the same now kasala go don burst!

CAN go don vex!

No one bothers if una choose Christian Christian Governors and Deputy!

But not in the North!

What utter hypocrisy! Does anyone complain if states like Kano and Sokoto call themselves m
Muslim states? You even practice shariah there and impose it on non-Muslims!

Everyonenis fine with it because those are overwhelmingly Muslim states.

Just as Rivers os overwhelmingly Christian, but no one will come out and call Edo or Osun a Christian state because these states have mixed populations.

The argument is about Kaduna where Christians are just as many as Muslims but are being systematically supressed!

HopeSpencer:
.


There were no vehicles and bikes in Nigeria in 18th century and people lived happier than we do today. What changed?

.

How would you know if they were happy??

dante0147:
MSo NNPC has been the sole importer of petrol since buhari came into power since that is what the news said… Then who has been receiving the subsidy money?

Firstly, NNPC was not really the sole importer. Rather there was a complex arrangement.

Secondly, the landing cost of fuel is about 266 naira. That is how much marketers buy it per litre from NNPC. Then there is an operational cost of around 35 naira. So the cost of a litre of fuel is around 300 naira. Then the marketers need to add some profit.

So if you were buying fuel below 350 naira, that was subsidy at work.

Nvestor02:
Nothing really bad in his speech, El rufai like just any other person believe that the religion he is practicing is better than the one others are practicing.

THE CAN are not decieved, they prayed and preached against it but they don't have the power and the population to change it.

Peter Obi has also call on church to take back Nigeria. but it's so unfortunate that the thing is not getting attention like El rufai speech.

If A Muslim politicians said what Peter Obi said. christians would have trended it more than how it was.

Be it Muslims or Christians, What we all want is betterment of Nigeria, where everyone will see each other as brothers and sisters.

Me personally, I'm tired of all this religion emotional propaganda mostly from the Christians.

You guys are using christian-Christian in the south but don't want Northern governors to use Muslim-Muslim.

1. First of all, hardly anybody really has anything to say about how you people choose your governors. You invented this as an issue. The issue southern Christians are concerned with is having a Muslim Muslim ticket at the presidency.

2. Secondly if you want to compare the Southern Christian Christian model with the northern Muslim Muslim model then let me ask you, is there any place in the south where Christians and Muslims live in almost equal numbers yet the Muslims are being killed and massacred on a regular basis? These are the issues. The Muslim Muslim ticket in Kaduna is in the context of suppression of Christians in government, and the massacres of southern Kaduna people. Is this not the truth?

If you want a better Nigeria start by being honest about the issues.

JooEeL:
Lol small boy. Who doesn't realise his gods of men are conquered.

What is it? Do I know you from anywhere? I'm not interested in talking to you. Find someone else to harass.

@Seun it's about time you add a block option on this site please.

bloodthirsty not bloodtasty.

AntiTerrorist:
It is very clear to APC, INEC and Tinubu's lawyers that they cannot win this case unless the judges are corrupted. Unlike in the past, the evidence is overwhelming. At times they result to throwing tantrums and name-calling instead of reasonable argument.

Shame on Mahmud Yakubu.

I'm interested in understanding the case better and you seem to have some legal understanding. Can you please explain the evidence the petitioners have brought and how it will be applied to the case?

greatiyk4u:
The current fare before subsidy wahala is enough to give him good returns at this high PMS price rise.

He charges nsukka to Enugu 1500
By 15 persengers =15×1500=22,500

He uses 10 litres for the journey and 1500 for driver allowance
Total 6000@ 600/litre of PMS+1500=7500

22500-7500=15,000 per trip of one bus
Any reason for increment?

That's a healthy gross profit margin but you haven't factored other business costs. Salaries and overheads, maintenance costs etc.

Alliswell248:
Not true.
I have entered their vehicle from North to east...we bought PMS during the journey.

Okay that's interesting.

maxist2020:
what are you saying, I am there regular customer and they use PMS, secondly if it is gas,gas is way more expensive than.

It could be either gas or diesel, both of which are coming down.

But if you're sure its pms, then okay.

I wonder how they're managing to stay profitable with pms prices jumping overnight?

Correct people.

Although the truth is their vehicles likely don't use pms in the first place, they should be commended for showing nigerians the appropriate attitude to times of national crises.

Edit:

I've learned its pms they use. That makes it even more impressive.

This is not legal. PalmPay should tread carefully.

Unless it's a skit to scare debtors.