₦airaland Forum

DeLaRue:
In just 18 months, Mr Tinubu has brought in more far reaching reforms than Mr Obasanjo did in 8 years.

The only thing I remember of the Obasanjo era is debt forgiveness and banking reforms.

Most of the endemic problems Nigeria faces today, including wanton corruption by the political class, election malpractices, political assassinations started under Mr Obasanjo's watch.

129 million Nigerians now living in poverty

tundegan:
Tinubu is a leader with vision, and he will be vindicated in the long run.

He has two years left to be vindicated.

NLCreator:
https://saharareporters.com/2024/10/25/imf-denies-asking-tinubu-government-remove-fuel-subsidy-nigeria-says-decision-domestic

The advice came from the World Bank and it is all over social media on ChannelTV and AriseNews.

I was engulfed in a series of discussions with Nigerians insulting Dangote, when the failure is the NNPCL and the government.

Since the federal executive council (FEC) approved $1.5 billion for its rehabilitation in 2021, the refinery has remained moribund despite NNPC’s repeated assurances that it would become functional.

Giovannialonso:
Scam of a country. If it was a sane clime both the NNPCL and the Contractor will either be sentenced by Hanging or firing squad.

It is called impunity

Since the federal executive council (FEC) approved $1.5 billion for its rehabilitation in 2021, the refinery has remained moribund despite NNPC’s repeated assurances that it would become functional.

BelloMasari:
The Raw truth. The thief came to kill and loot.

That is Tinubu plan

Mayflowa:
I know…but once we are all aware, we should begin the conversations. Get people together to start protesting for it. No venture, no success!

Nigerians couldn't unite in the last two nationwide protests. We need to be realistic about Nigerian

Mayflowa:
I cannot believe they are talking about election of 2027. Pray you don’t kill half of Nigerians before then!

I strongly believe in one term government of 6 years. That will end the talk of election for any incumbent and make them concentrate in governance. Election cost is too expensive for Nigeria to bear every 4 years. This should be what the next protest should be about!

You are dreaming. A political party will cheat to have multiple one-terms. Politics is more profitable than governance

Racoon:
https://tribuneonlineng.com/protest-that-restructured-nigeria/

What is the population of the SW 47 million? How many Yoruba people supported Tinubu for president? Less than 2 million out of the overall 8.9 million people that supported him.

Tinubu didn't win an election in the SW or Nigeria. He stole the election and will do the same in 2027, as demonstrated in the last election in Edo state.

Believe in democracy in Nigeria at your peril.

The man that controls the judiciary, military and CBN will be president in 2027

TheTundeMuniru:
These things are ease to analyze on paper, but when it comes to practicality, there are many hurdles to be faced with.

The only hurdle is with your belief. Where there is a will there is a way

God1000:
This hostility will eventually leads to another devastating war in Asia

The current North Korean president Kim Jong Un and his south Korean counterpart Yoon Suk Yeol were not born during the Korea war that took place between 1950-1953

From war records, 37,000 Americans lost their lives during the Korean War, over 92,000 wounded and 8,000 went missing. South Korea sustained 1.3 million casualties

North Korean forces: at least half a million killed or wounded.

Chinese forces: over 180,000 killed and 380,000 wounded.

Total civilian deaths: 2–3 million

South Koreans: 990,968 total casualties
North Koreans: 1,550,000 total casualties

War doesn't bring anything good but devastation, the two countries were once together, they should settle whatever differences they have amicably now

War doesn't bring anything good : For the victor war is good.

TheTundeMuniru:
Alright

Sacking Adelabu will make zero sense cos no appointee can wand a magic to restore the Nigerian Power sector overnight. At least, there have been some slight improvements since his appointment.

You don't need magic to solve Nigeria power sector, just imagination and innovation based on data and analysis.

Most power generation is in the South and transmitted by the exchange to the North. Why not break the TCN into the 6 regional zones and invest in power plants in the North to reduce long-distance transmission?

odejimioflagos:
The FG should deploy more palliative measures and make it more accessible to the citizens.

Palliative is for dead people. The government should end the useless Lagos -Caabar highway.. Employ technocrat ministers

Going forward, the government should dump white elephant projects and concentrate on mitigating hardship by crafting effective strategies to tame inflation and reflate the economy.

LibertyRep:
Oransanye's Report

Good move

What next?

Create a new ministry of regional development and ministry of livestock

ebukal67x:
Akpabio is making a valid point.

Akpabio talks and behaves like an NGO. Is he not part of the political system? What is his plan to assist the government in getting the children into school?

Right now, I will welcome back Abacha over these useless APC urchins.

TrackerSK:
Clowns said this buffon built lagos

I have you seen the state of Lagos, slums everywhere

Donaldoni:
Some of you have very annoying short memory.

Nigeria was virtually dead when Obasanjo took over in 1999.

Nothing was working! Fuel scarcity was a regular thing and very intense. There were no institutions. Salaries were NEVER paid etc etc

I feel like ... you head

Nigeria has gone full circle since 1999.

25 years of democracy :

Fuel scarcity is now regular.

Salary is now worthless; N33k or N70k is worth how many dollars?

What Institutions work today, NFF, NITEL, PHCN/TCN (weekly grid collapse), Water Corporation, NNPCL(GAS and Refineries non-existent)

To make matters worse, Nigeria had security, at least in 1999; today, insecurity is one of Nigeria's biggest problems.

In 1999, only the young wanted to Japas, and now everybody wants to go to Japa.

nairalanda1:
We were struggling to assemble cars by 1985...because the end of the oil boom meant no more dollars to import CKD. As a result, we had to have a deal with Brazil where we did some swapping.

We still export cocoa.

As for textiles....1) second hand clothes and the rise of China plus 2) the wrecking of our refineries in the name of subsidy...which reduced supplies of a vital raw material for textiles and 3) smuggling...knocked out our textile industry.

SAP was the result of 4 years of low oil prices. We had no choice.

I disagree with your assessment.

Nigeria's automobile industry failed due to poor supply chain backward integration. This would have reduced the need to rely on CKD and other material imports not just for the automobile industry but also for the electronic and housing industries.

Nigeria failed to increase its local content beyond 20% due to failure to complete critical industrial projects such as the Eleme Petrochemical plant (for Plastic), Ajaokuta and Delta Steel Plant (for Steel ), and ALSCON (Aluminium); these industries were designed to supply critical products that amounts to 75% of local content of automobile production, the automobile industry had it been supported would have increased the quality of technician (welders) and Engineers(Assembler ) available for other industry across the country.

The aim of building a Petrochemical and Metal industry is to diversify the Nigerian economy away from the shock of relying on raw material exports, especially Crude Oil exports, which are highly volatile and unreliable.

Nigeria's government has learnt nothing from the past; its dependence on crude oil exports will continue the economic downturn. Nigeria should focus on the chemical industry, specifically Petrochemicals, Fertilisers, Refineries, LPG, and Mentanol.

The Republic of Ireland, blessed with a population of less than 5 million, exported $134 billion worth of chemicals to the wilder world.

The main failure of Nigeria's textile collapse was due to poor infrastructure. (Inadequate power supply, frequent power failures, and a shortage of spare parts for industrial machines have increased production costs and reduced the capacity of manufacturing facilities.) and Policy neglect (The government has been slow to implement policies to support the industry, such as the National Cotton, Textile and Garment Policy)

The import of second-hand clothes and China's exports were symptomatic of the local industry's lack of competitiveness production. Vietnam, Bangladesh, India, and Brazil were able to withstand the rise of China's exports.



SAP was unnecessary for Nigeria, and the IMF/ WB admitted that SAP was a mistake. See the link below.

https://www.modernghana.com/news/14077/world-bank-admits-mistakes-in-sap-implementation.html

ogaemma:
NIGERIANS lived a much better life under the military era.
Education, Health, Security, Economy just name it.
Many of the major refinery's and projects including the Iconic third mainland bridge, NNPC towers, Aso Rock Villa, 2ND Niger Bridge General Hospitals etc. in Nigeria that stood the test of time were built by the military government.
And the construction of many of this projects mentioned above were completed timely.
The military literally turned Abuja filled with bushes and forests into a construction site.
No matter how we deny it, history never lies...almost all infrastructures in Nigeria were built by the military.
Democracy is good.
But in the case of Nigeria, our democracy have caused us more harm than good.

Maybe Nigerians are just not civilised for democracy.

Nigerian military government was terrible relative to the country's material wealth, but in contrast to Nigeria's experience with democracy, it has been an unmitigated failure.

ObosiLandlord:
By the time you take a look at the exchange rate and minimum wage, you will find out is not cheap. But the pace at which the naira is losing value and how cost of living is rising is so scary.

Nigerians are very funny people. Nigeria has one of the lowest fuel prices in the world; the problem is the fall in the Naira and Nigerian's purchasing power.

The Naira in 1985 was N2 to 1 dollar; today it is N1600 to $1. In 1985, Nigeria assembled 150,000 cars and exported cocoa, textiles, and 2.5 million b/d of oil, with a population of 75 million. Since the introduction of IMF SAP by IBB, the rest is history

tundegan:
Wike is a man of integrity.

He is buying judge and you calll him man of integrity. Nigerians deserve to suffer with Wike and Tinubu

johnayo01:
The name Dangote infuriate and trigger some people, let me help you rephrase your statement.


Nigeria needs more giant cooperations who benefit from government favouritism. Dangote got $5.2 billion in loans from Nigerian banks and access to cheap dollars from the CBN to finance his refinery. The Nigerian government should extend these opportunities to other industrialists

Thanks

johnayo01:
Some of you are so ruthless in your evil against Dangote,

Look at you describing perfectly how NNPC can destroy the only functional refinery in Nigeria just because of spite.

Killing of business is not a way to fight the monopolistic tendency of every business.

And funny how you trust the same NNPC, who have 3-4 non-functioning refinery under them to help you finish of the only functional refinery we have.

This is a "media war" or better still "war of narrative" choose your side carefully.

The reason we all (including myself) don't like Dangote, is because of the selective favouritism he has enjoyed over the years by previous government.

So if you want to fight for the people against him, then reverse the favouritism and let other businesses enjoy the same privilege as well, we still need those companies you know

Nigeria needs more Dangotes who benefit from government favouritism. Dangote got $5.2 billion in loans from Nigerian banks and access to cheap dollars from the CBN to finance his refinery. The Nigerian government should extend these opportunities to other industrialists.

ivandrag0n:
For example, the USA can afford to supply its own populace with even lower-priced gasoline but it taxes it, on the average, 12-18%, hence the effect on the pump price.

Minus about 6% total levies on Dangote Refinery, which other taxes impact his production cost?

Whoever paid you for this failed attempt at whitewashing the fast diminishing image of Dangote Refinery Limited, may it not be well with you and them!

Nigerians have seen through the mask and are all now rightly asking questions.

Many weeks back, most of us were demanding the sack of the MD of NMDPRA. We were calling on Tinubu to sanction the NNPC.

However, the NNPC pulling out of the fuel-lifting arrangement was a masterstroke

They stopped being the whipping boys and allowed us to see the vipers in DRL for what they are. They are manipulative monopolists who want to ruthlessly manipulate the process for maximum gains, at the expense of the same Nigerians they claim their refinery is set up to bring cheaper & more accessible petroleum products to.

Las las, your bosses in DRL will drink their refined products themselves, if they don’t consider the error of their ways.

They are are set up to make profit & anyone understands that but to want to make back the $20b investment in one year, not minding whose ox is gored, they have chosen the wrong country to exploit.

Shame on you, you paid Public Relations idiot. You are a thief and nothing better than a thief, who’ll do any evil job to make money!

If there is anything that I have learned in this world, it is that never debate with a frustrated and ignorant man. I appreciate the pressure you are facing as a Nigerian living in a dysfunctional Nigeria system.

Let me advise you that Nigerians are not equipped to operate in this modern world. When faced with the opportunities to succeed, they always play the victim, choosing failure.

If you think that a man who has invested in developing Nigeria's industrial infrastructures is the problem in Nigeria's oil industry, then it is evident that you have no IQ.

NNPC went private as NNPCL with the same government officials that witnessed the collapse of Nigeria's crude oil exports from 1.9 million barrels to less than 900 000 B/D under Buhari.

The same NNPC releases an annual account with all departments operating at a loss. What organisation has control of the 7th largest oil and gas deposits in the world and still operates on debt and not profit?

I leave you with the brilliant Tilewa Adebajo :I Will Arrange $35bn For Nigeria If NNPC Is Reformed - Tilewa Adebajo.


https://www.youtube.com/watch?v=lNhDgadFd-M&t=709s

Iampromoted:
Can Dangote meet the daily fuel consumption of Nigerians?

What is Nigerians' daily fuel consumption?


Dangote requires local competition; NNPCL should sell the three refineries to a competitive organisation that can give Dangote some real competition.

The real problem is the Nigeria government and NNPCL.

BTW the list below is linked to cabals

NNPCL,
Aym Shafa Limited,
A. A. Rano Limited,
T. Time Petroleum Limited,
2015 Petroleum Limited, and
Matrix Petroleum Services Limited (1st to 7th defendants).

zaller:
I disagree with this your analysis. Dangote is just trying to eliminate competition. That's the thing. No any pressure on forex

What is the competition? Importing dirty fuel from Europe at the expense of Nigeria's health.


NNPCL has invested $4 billion in repairing four refineries that are not working. NNPCL is the competition but the cabal has taken that over

BUA Group has a 200k refinery coming onstream next year.

NNPCL has 450k refinery capacity; why ae they not working

Nigeria also has 200k module refineries across the south of the country.

Dangote has invested over $30 billion into the country to support local production. Yet, the useless NNPCL is still importing fuel despite spending $4 billion to repair the PH, Warri, and Kaduna Refineries.

Why will anyone invest in this country?

Angrymode:
Dangote is not a true business genius as perceived. He only thrives with government aid and monopoly. If everyone is given fair chances in every business venture that Dangote is into, I doubt he will even be in the top 15 spots in any one of his ventures.

Dangote is definitely not here to make the lives of the common masses any easier.

Anyone who can build a $20 billion refinery in Nigeria is a genius. The three government oil refineries have not worked for 20 year despite gulping $20 billion in TAM. Ajaokuta has not produced a single sheet of steel despite $15 billion investment

ivandrag0n:
😂😂😂😂…you’re so effing dumb!

I countered your paid lies with superior arguments because I know enough of the Oil & Gas sector than to allow a paid Dangote megaphone like you.

Shame on you! No nation worth its salt will allow local entrepreneurs to arbitrarily hike prices of their products so uncontrollably because they have monopoly powers!

If Dangote cannot sell below (or at par) with the landing costs of internationally sourced products, then Nigeria should really start thinking of flooding other sectors in which he currently operates.

Try coming up with your cooked-up rubbish again and I’ll shoot them town with facts you cannot counter!

I live in the UK and run my own software business. I am not one of those hungry Nigerians who will sell their souls for a plate of garri.

If you have any clue about the oil and gas industry, you will realise that the Dangote price is one of the cheapest in the world; the average international price is $1.25, and the Dangote price is less than 60 cents. Dangote is not the problem, the problem is floating that Nigeria killed Nigeria's purchasing power.

ivandrag0n:
You’re a buffoon! When last did NNPC import petroleum?

Idiots like you have never heard of forward contracts & you stupidly assume someone will just take a tanker to a refinery abroad and buy petrol off the shelf.

Do you even know how long it takes to process a Letter of Credit?

Sadly, your type does not know hence the bullsh*t you’re typing here.

If people ordered petrol from as far back as 6 months ago, it then becomes bad for Dangote hirelings like you, right? So, they should vitiate the purchase contracts they signed and either lose loads of money in penalties or even have court proceedings against them, just to satisfy your monopolistic god, right? Shame on you and the lies you spew!

it's obvious you are frustrated and depressed; this is what Nigeria does to people. Have a nice day.

36STATES:
I told you guys that the reason he wanted the NNPCL to be the only buyers of his petrol is for him to overcharge the government. If he had had his way, if he supplies 1000 litres, they will inflate it to 3000, and NNPCL will pay from our pocket.

The man does not operate where he doesn't have monopoly. Cement price in Nigeria is the highest in sub Sahara Africa for the last 15 years due Dangote's monopoly and corrupt government officials.

NNPCL is a private company; they should be competing with Dangote and not acting as the middleman. WHY IS NNPCL IMPORTING FUEL WHEN THEY HAVE CRUDE OIL AND REFINERIES

Zico5:
In this country currently, the more we look, the less we see. What's really going on in this country. Why are these capitalists bent on destroying this country totally. I'm very sure, there is something Tinubu, NNPCL and Dangote are not telling the masses. Dangote is located in Nigeria and is not paying import duty but the price of petrol is increasing. They allude that there is no enough fuel to distribute throughout the country yet Dangote is fighting against import of refined products. Why can't Tinubu have mercy on the masses for goodness sake.

grandstar:
A litre of crude oil at least 750 per litre. How do you expect him to sell petrol for 600 per litre and make a profit? I have not included refining costs!

In addition, refined products bought in Malta are from Russia. Due to sanctions, Russia can't sell its crude oil above $60 per barrel, unlike its price of $75. So, buying Russian products just makes sense as its price would be very, very competitive. Dangote would find it hard competing against them.

You are wasting your time with Nigerians, they have been broken by many years of bad government. The imported fuel is the dirtiest in the world and is banned in West Africa. Nigeria imports dead men, unhygienic clothes, poor-quality rice and dirty fuel.

In the energy industry, the cheapest, dirtiest petrol is referred to as “African quality”. This type of petrol, laced with high levels of toxic substances, is banned in Europe.

But major international oil traders, including Trafigura and Vitol, continue to sell the dirty fuel to West African countries, despite the proven risks to human health and the environment.

In doing so, they are bypassing efforts designed to improve the air quality of West African cities, according to a months-long investigation by The Continent, conducted in partnership with investigative journalism platforms Apache and Spit (in Belgium and the Netherlands respectively).
https://mg.co.za/africa/2024-01-22-inside-the-african-quality-fuel-scandal/

Energist:
Your postulation is only bookish. It's a similar argument that got Nigerians deceived about the fuel subsidy. They removed it yet we saw no appreciation of the Naira

That is because the idiot also floated the Naira. Nigeria's local oil price is one of the cheapest in the world. Still, the idiot at Aso Rock has destroyed Nigeria's purchasing power, and the useless NLC accepted a minimum wage of N70,000 when N250,000 was on the table.