₦airaland Forum

nairalanda1:
Most of the fuel we import from oversease is made in substandard refineries that refine fuel badly. That is why all this imported fuel we have been using for years has been bad and awful

Dangote fuel is made to standard in a standard refinery....so as such would cost more.

has anyone gone to jail for poor fuel import or you just created that content/narrative?

Was FG buying it at N580 from Malta or at above 1100 and and then subsidizing it for Nigerians but stopped when Dangote was about to step in?
It would have been cheaper to buy from Dangote because cost of moving crude to Malta and petrol back to Nigeria plus blending cost and import duties are out of the way. APC playing politics with Dangote while romancing him to take credits for his monumental achievements.
It means there are thieves within the govt who increased their cut because Dangote stepped in.

Crimecity:
So in essence, Dangote and FG are the winners. Citizens have nothing there to gain or celebrate.

One would have thought that those saves from TFare and landing costs + import duties will reduce the cost of PMS at least.

Sighs

The Cabals are well integrated into the FG. That's why they outlive and dominate every govt that comes and goes.

We already know Mr Analyst.

The crude sold in Naira means less crude in normal exchange for forex or dollar and thus lower forex inflow. But once Dangote starts refining beyond local consumption capacity, which may reduce very drastically if smuggling stops, it means the refined crude will earn more forex than it usually would have in govt hand as raw crude oil because value has been added and it sells for higher. It is still a win on the long run as long govt doesnt make petrol artificially lower than in neighbouring countries.
Heard the FEC is the one dictating final prices and that points to an arrangement where FG bills dangote for crude lower than intl rates just to allow it come out as refined crude product lower than market rates while preserving Dangote flat profit margin. Dangote is now acting a lot like public refineries should under FG on a level playing field.

Rub fresh red pepper on it.

After stoning the devil with millions and flood still came to them, maybe they should make a repentance offering to God.

What reforms?

Robust grammar complemented by lean economy.

Envy kill una there. The extra service attracts extra cost off course and is best for emergency but watch entitled and idle Nigeria Express envy for what they cannot support even if handed over to them.

madridguy:
Yes, Tinubu is correct.

Tinubu was correct would have meant it happened in the past and has stopped.
Tinubu is correct means it is still happening. In all, you are correct. Lol.

I know that figure wont be more than 20m-25m litres a day. Just watch.

The aggressor playing victim. Thunder fire your head emir.

nedu666:
Does the whole world earn 30k a month
Does the whole world generate 4000mw for their country
Is the whole world devaluing its currency by 200%
Is the whole world experiencing inflation of 40% monthly

Fuel has been deregulated. Stop crying like a dog that pepper enter the anus. That's an hell of an anus. Lol.

What's special in that? Virtually the whole world pays similar amount. Nigerians should understand that the oil in ND is iexhaustible. Stop being entitled.

Ofodirinwa:
No, it's not a noble organization. It's a french control apparatus for sh*thole countries to listen to. There's no european country that listens to or even checks what the IMF is saying. East asian countries don't. The Middle east has stopped. It's only the yeye african brain that believes there is an organization they were not a part of creating that is actively trying to help them compete with the countries that created it. Because African countries don't know what a country is, and don't bellieve the human brain is capable of competiton and strategy.

I cannot imagine an American hearing that the president listened to the IMF's advice or is checking IMF information. It's specifically for slave states. You think it's noble because you're Nigerian and Nigeria is like a goat among nations

what is their indebtedness level compared to the shîtholes third world countries?
What is their per capita GDP?
I can see you are an agent of a failed system looking to make a victim of the very people who ruined us and victimized those who tried to save us. You conveniently avoided the internal issues that makes a mockery of IMF advises and choose to attack them blindly. IMF has never ruined any nation anywhere. It is a case of political will to move forward lacking and chaotic mindset of self over collective interest.

Your imaginative power is a product of your heart so stop judging IMF with your imagination.

Ofodirinwa:
IMF only talks to countries it sees as rubbish. I have lived in the Us for most of my life and was born here. To date I have not heard IMF comment on 1 thing that happens here. If IMF is talking about you, you're being insulted.

No, IMF Is a noble organisation. They tell you what you should do. It is up to you to do it properly.
Did they force us to renovate 100 boreholes with N1.2B?
To be stoning devils with billions? To allow looting of the public funds? To cripple refineries? To turn a blind eye to terrorists? To pay unproductive workers unconditionally? To build useless project at inflated cost? Allow vandalism of state infrastructures? Theft of resources? To allow trade unions of intl buyers RIP farmers?
They only show you the way forward, the political will to tow that path is up to you and not them. The USA too is indebted.

Racoon:
3rd highest debtor with nothing to show for it. Absolutely nothing to write home about.

The zombie above you is their supporter. He prefers big useless structures at astronomically inflated cost.

Rossikk:
The coastal highway and flyovers are EXCELLENT projects.

Go away.

Enemy of progress.

Big yes, but useless. You lack power but want big picturesque edifices instead of well stocked utilities. Ride on.

All to execute useless projects at astronomical cost. Example is trending N1.2Bto repair 100 boreholes. Coastal highway. Flyovers in state Capitals.

Seun:
Children and sex are not exactly nothing.

define love first. The children n sex, are they mutual or not?

That's like a man saying he loves his family because he provides food they all share.

lexy2014:
the banking and financial sector, are they under private control or public control as is the case of army, customs, immigration that you mentioned?

what is special about the education and health sectors that you are alive?

is army, customs, immigration dead?

tinubu is from the south. how alive is nigeria at the moment?

under a largely de-regionalized CBN.

amoreobansu:
Diezani Alison-Madueke: Former Minister of Petroleum Resources, currently facing extradition from the UK for money laundering and bribery charges related to her time in office.

Ayo Fayose: Former Governor of Ekiti State, implicated in various corruption scandals, including allegations of election manipulation and misappropriation of state funds.

Musiliu Obanikoro: Former Minister of State for Defence, involved in the Ekiti Gate scandal concerning electoral fraud during the Ekiti State gubernatorial election.

Godwin Emefiele: Former Central Bank Governor, facing multiple charges of illegal procurement and corruption, including awarding contracts to a staff member.

Godswill Akpabio: Former Governor of Akwa Ibom State and current Minister of Niger Delta Affairs, Akpabio has faced accusations of diverting over N100 billion from state funds and involvement in fraud at the Niger Delta Development Commission.

Stella Oduah: The former Minister of Aviation is under investigation for alleged involvement in over N9.4 billion fraud related to dubious contracts for airport security equipment.

Orji Uzor Kalu: The former Governor of Abia State faced charges of money laundering amounting to N3.2 billion and has been linked to various corruption allegations throughout his political career.

David Umahi: Governor of Ebonyi State, Umahi has been accused of diverting N400 million during the 2015 presidential election through an arms deal.

These individuals exemplify the widespread corruption issues that have plagued Nigeria's political landscape, particularly among southern politicians.

Corruption transcends regions, tribes, and races. If you didn't know before, now you do.

All NNPC ex staff member.

lawrenzooo:
I guess that's why Nigeria is also working.

working for you n yours.

realmindz:
Corruption

It’s obvious the devil lives in people’s hearts. After eating and eating and eating, at least , get tired and feel the pains of others at your mercy. But unfortunately, certain people eat and eat and keep for their descendants to the 10th generation whom they will never meet while multitudes are suffering.

1000 likes.

lawrenzooo:
Are they also in charge of CBN?

that's why CBN ia working.

HydraFeeds:
When Tinubu was sworn in and it seems there's dark cloud over his presidential relationship with USA because of his "bad records" (which is shameful) ,I posited that if the US and other western countries refused to acknowledge him ,he will simply look towards Eastern alliances, especially China . It's what's happening now .

FG policy of buying Dangote fuel is a communist move !

Well ,this journey to China is super powerful.

wrong.

Another loan loading... just watch.

Naptu2 the APC media man.