₦airaland Forum

Dittodat:
Greedy for doing business?
Wow, see Nigerian youth brain on display.

omowolewa:
North would be the ultimate beneficiary of this Tax Laws

Before selling you Farm Product outside your State, put your VAT and make sure ist remitted in your state.



True, they aren't VATable but they can find a way around it. That's where the processing comes in.

You don't VAT my Cocoa but not beverages and Chocolate

My Cotton is not VATABLE but the Cloth is VATable. I will process my cotton to Textile

My Groundnut is not VATable but the vegetable oil is VATable

My Tomatoes are not VATable but the Tomatoe paste are VATable. I would start Tomatoe processing company.

What happens to Transfer Procing agreement with processing companies in other states, that is direct share of profits. Don't sell to Companies if they don't agree to your state being part of the value chain.

If Agricultural and Mineral resources is what the North has, they have to build their economy around it.

It's not in Nigeria interest to underdevelop anywhere in it

prinzedy:
Abeg they should hasten up the bill.
How can you be destroying beers and be collecting tax from what you are destroying and not contributing to.

If all the SS legistors don't support this bill, then they'll have themselves to blame

koxyz:
The era of bottle feeding is fading away, the north should get ready for new Nigeria. We can't continue with this present arrangement of monkey dey work baboon dey chop. More reforms please.

emmyN:
Corruption in Nigeria is beyond Tinubu or any politician. It is a national epidemic where the vast majority of people are suspect.

MadamExcellency:
Javier Milei became President in December, 2023 when Argentina was dying but he changed it all.


The world knows who Milei is because he projected his ideas.

Frigga13:
Tinubu government has 85% of Yoruba

Even after northwest made him president

Tribalism is evil

Frigga13:
More of this pictures

Let the Yoruba people keep panicking Anne hating …
By January…

They will on social media to abuse curse and insult thi personalities..

Write articles on articles… on their matter ..

At the end … the evil APC and Yoruba government will be kick out.

ArewaNorth is ready..

East and south must align


Power to the people .. not MC olumo and his louts !

Whytelyon:
Far from it oga! Let me ask you. Other countries like UAE, Qatar, etc. do Real Estate, even China way u wan use as role model get Real Estate. Read about Evergrande Group.
That is not even the issue. Be real with yourself.

epainos:
The only point I read in this article was that more money should be spent on Nigerian agricultural institutions. This is fine, but it is not the main challenge.

The main challenge is Nigeria's land law. People who want to farm are unable to do so because a small number of families hold onto available land. And the members of these families are no longer interested in farming. The government must devise a strategy to discourage owners from hoarding land that is not being used. I have my own ideas, but I will keep them to myself here.

Security is a new challenge and can be easily tackled if we are united.

Cognitivereason:
You don't understand simple English..

NNPC does bulk sale of products via it's various depot.. the products from there come from Dangote.

However the port Harcourt refinery which is just refining less than 60,000bpd will directly supply NNPC fuel stations

NNPC begins $1.5bn rehabilitation of Port Harcourt refinery
by
Haleem Olatunji
May 6, 2021 5:45 pm
https://www.thecable.ng/nnpc-begins-1-5bn-rehabilitation-of-port-harcourt-refinery/

The Nigerian National Petroleum Corporation (NNPC) has commenced the rehabilitation of Port Harcourt refinery in Rivers state.

In March, the federal executive council (FEC) approved the sum of $1.5 billion for the rehabilitation exercise.

The repair, which will be executed by Tecnimont SPA, an Italian company, will be done in three phases of 18, 24 and 44 months.

On Thursday, Mele Kyari, NNPC group managing director, and officials of Tecnimont SPA attended a kick off meeting on the rehabilitation of Port Harcourt Refinery Company (PHRC).

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The meeting signified the take off of the rehabilitation project which will be funded through internally generated revenue (IGR), Afreximbank and budgetary provisions.

The PHRC operates two refineries; the old refinery with a capacity of 60,000 barrels per stream day (bpsd) and new refinery with an installed capacity of 150,000 bpsd.

The two refineries bring the Port Harcourt refinery’s combined crude processing capacity to 210,000bpsd.

lexy2014:
off point. that is not what I asked you.

1. if you dont get FDI, cant you boost your economy on your own?

2. how have nigerians in nigeria been encouraged to invest in nigeria?

Volatile naira sours South African investors’ appetite for Nigeria
https://businessday.ng/news/article/volatile-naira-sours-south-african-investors-appetite-for-nigeria-2/

PressMyButton:
You want Nigeria, the giant of Africa, to ditch France just because some mushrooms desert countries as Mali, Chad, Burkina, Niger, Senegal are cutting ties with France?. Can any of these poorest, desert countries or all of them combined sink in a $750million investment in Nigeria?. Countries that jihadists are still giving wotowoto despite being ruled by military dictators. Since military takeovers, the lives of their average citizens have not changed a bit.

Tinubu has set a target of $10billion investment in gas sector, two key executive bills have been signed to enhance efficiency in the sector to attract both local and foreign investors.

After God, na Tinubu 💪 God bless Nigeria.

We are expecting $50 billion investment boost in Nigeria oil sector – Minister
https://nairametrics.com/2024/10/09/we-are-expecting-50-billion-investment-boost-in-nigeria-oil-sector-minister/

Jacobx007:
NNPCL selling Dangote pms at NNPCL refinery?
What sought of logic is this for heavens sake

PressMyButton:
E choke wailers . The problem with wailers is that they don't think for themselves, they have lend their thinking faculty to others to piss on it.

There's a difference between sales and production. PH refinery has commenced production but has not began bulk sales to markerters yet. I.

Group Chief Executive Officer of the Nigeria National Petroleum Company Limited, Melee Kyari.

Ttipsy:
Rubbish
While they spend billions, they even borrowed to build standard rail lines in SW and the North.

How can you built a narrow gauge rail line to connect two big and economic cities port harcourt and Aba in this 24 century

Is that not wickedness

CharleyBright:
Taaaa !!!
Shut the fvck up and don't say a word on what you don't know.
Dollar bend your mouth for you there.
FX (Naira/dollar) only comes to play where there is international trade. It doesn't apply to domestic trade.
Crude is gotten in Nigeria, Refining of crude is done in Nigeria, so wetin concern FX Dollar in the matter?.
Are you buying crude outside Nigeria to pay in dollars or are you refining outside and importing the refined product to pay in dollars,?
Stop listening to all the lies you hear from Tinubu supporters. No FX is involved in domestic production and trade.
So keep your mouth shut about dollars influencing refined products domestically.

CharleyBright:
Ok.
At what price are Nigerians still buying Fuel??
Has the price gone down below N1000 per litre yet? Why should we celebrate Dangote or PH refinery if we are still paying more for PMS

There was so much hype about Dangote refinery and how it was supposed to be the game changer that will ensure steady supply of fuel and crash in pump price.
Alas, Dangote Refinery came along and the reverse was the case - with spike in pump price amidst controversies. It was far from expectations as Nigerians were made to pay even higher despite products being refined locally and costs reduced.

Now it is PH Refinery being touted as the game changer to crash price and ensure only God knows what in the Petroleum sector!!!!

The dominant question is :
Why are Nigerians being forced to buy fuel over N1000/ per litre even when the products are refined locally?
There is no way fuel should cost more than N500 per litre in Nigeria given that we have the crude and we are refining locally.
Infact, if govt want to decide to refine crude and sell PMS at N300 per litre, it can. But some wicked criminals in govt want to milk Nigerians and won't allow that to happen.
The fact remains that Nigerians are being scammed by both Dangote and the FG.

https://newtelegraphng.com/pms-nigeria-needs-intervention-in-forex-to-slash-pump-price-to-n600/

PMS: ‘Nigeria Needs Intervention In Forex To Slash Pump Price To N600’

The Vice President, Crude, Argus Media, James Gooder, has said that fuel pump price in Nigeria can only reduce from the current price of over N1,000 to N800, N700 or N600 with better foreign exchange rate.

He noted that though crude prices at the international markets are failing, the price of fuel would still be high when calculated with naira/ dollar exchange rate.

He, therefore, said necessary measures should be taken to address the high conversion rate of the naira rate to the dollar so as to substantially reduce fuel pump price.

He spoke yesterday during a quarterly press webinar organised by the Major Energies Marketers Association of Nigeria (MEMAN) titled: ‘Market trends, transparency and fair pricing.’

The session was meant to provide valuable insight into the factors shaping fuel pricing, from global crude oil dynamics to local landing costs.

He said that with the resumption of operation by the Port Harcourt Refinery and the continued operation of the Dangote refinery, there will be product availability in the country. He also said that health competition would force down prices of petroleum products.

Gooder said: “We have heard that there is some discount being applied to the ex-depot price from Dangote. That suggests that they are becoming aware that they are in a competitive market.

Dreal1247:
We shall know the truth later after the accusations and counter accusations about the authenticity of the operations of the refinery.

Lumarstone:
Nigerians are expecting price reduction of the product, why the increase when we refine and still produce the crude oil?

NNPC officials are yet to tell Nigerians the kind of politics going on there.

RecessionistPMB:
Every time power this, power that. Your tin god tinubu that grabbed power, what has he been able to achieve with it, except inflicting pains to the people.

tundegan:
David Hundeyin is the most self-absorbed person I have ever seen in my life.

Everything is about him, himself and I.

ekineme:
Isrealis didn't start it, Group of youths and teenagers was enjoying music when those beast struck, they didn't care if you are isrealis or African, the Isreali families including babies that was murdered in cold blood was in their homes, we all saw on social medias on Oct 7th.
We all saw how the gazans were rejoicing that their fellow country men, was killing women and babies, dragging their bodies on the street of Gaza amid cheers from onlookers.
If you are the PM of Isreal what would you have done differently?
Seek for sympathy and wait for another Oct 7?

Call a spade a spade, their war on Gazans are justified.
Let the Hamas release the hostages before they can have the moral ground to seek for mercy.
Standing on the reasons stated above, seeking arrest warrant for the man protecting his people in my own opinion is pure antisemitism.

Nazgul:
When is NNPCl going to reduce the price of fuel like they promised few weeks ago. We're tired of buying fuel over 1k per liter.

Tinubu should mercy for us na.