₦airaland Forum

kenn4rill:
What if we start refining our own products, won't it be cheaper? Afterall it was more cheaper 4 years ago.

Well if we refined all the fuel weproduce at home...it would still cost at least N150 perliter....

4 years ago fuel cost N87 per liter...only in Lagos and Abuja. Landing costs was above N120 per liter. Govt was owing subsidy claims from 2012 because of increasing unsustainability.

megrimor:
So that's why they plan to increase it again?

Because we are selling fuel at N145 per liter when it costs N190 to import it.

The Government pays a subsidy...of about N45 per liter (sometimes as high as N65 per liter) ...to keep the price low. Problem is, it means NNPC just makes back the cost of importation, and does not make a profit.

Also paying subsidy is costing the government big time...and is not sustainable.

Warship:
Do you know that late Sarduna of Sokoto bought about 2500 rifles for the planned jihad against the South.?

Do you know that, some university undergraduates were armed and sent to Port Harcourt to cause trouble so as to justify state of emergency in the East

1. I don't see how 2500 rifles would do the job of jihad against the South

2.The Sardauna was an Islamist...but he was also very pragmatic. I doubt he would have been planning jihad...especially as it would have led to crisis in the old Northern region.

3.Plus the Nigerian Army in the 1960's was made up of mostly Middlebelters...and most of them were Christians (Jack Gowon claimed in his Christmas speech of 1967 that 60% of the Nigerian Army was made up of non-moslems...as counter to Biafran propaganda alleging the Nigerian Army was 'muslim')

4.In 1966 Issac Boro (a graduate of the University of Ibadan)...led an uprising in the Niger Delta .That was the begining of the current Niger Delta Agitation....which by the way failed miserably.

raumdeuter:
Can he tell us why

The Non Ibo Prime Minister was killed but the Ibo President was spared
Why the 2 Non Ibo regional premiers were killed but the 2 Ibo premiers were spared
Why Sodeinde, Maimalari Ademulegun Okotie Eboh Lagerma Pam were killed and Ironsi plus all the Ibo Federal ministers were spared

1.Azikiwe was out of the country then.

2.The Sardauna may have (allegedly) gotten information about the coup before it happened...but refused the offer of fleeing abroad.

3.Add Arthur Unegbe to the list of generals killed. He was Igbo. Ironsi too nearly got killed.

ybalogs:
Some politicians distributing 1000 jamb forms in ikoyi....if you have any student in need. Pls advise them. Its part of commonwealth abeg.
Name is Gbolahan Ishawu...

Okay...but don't come complaining when there is no light, no water, no good roads,etc...

Costs have to be recovered , you know. Investments must be recouped.

martowskin1:
At 27, they made a bold move to free this nation

But today at 35, they are here in Nairaland making noise ..... Shouting sai baba

The reason why they were all so young was simple. The Brtiish had, over the preceding 15 years, rapidly Nigerianizing the Army.

By 1950...ten years to independence....we had zero Nigerian officers in what was called the Royal West African Frontier Force.

Over the next ten years, an officer corps was rapidly trained. In the process...a lot of people got promoted quite quickly especially as independence approached.

Hence the relatively youthful age of many officers back then.

gidgiddy:
As recorded in history books I have read, Nwobosi came to arrest Akintola but Akintola opens fire on Nwobosi and his men with a rifle. They returned fire and killed Akintola

The thing about the January 15 1966 coup is that for years, people thought the coup was all about making Igbos the Lords of Nigeria.

That was far from the truth. That coup was the only coup in Nigeria where the coup plotters had no intention of seizing power for themselves

I'm not sure about that...read Nzeogwu's speech. That does not sound like someone coming to take power and then give it up in 10 minutes....they were in for the long term.

And the January coup was not an Igbo coup. Otherwise, why was Maj Gen Unegbe killed? Even Ironsi was on the list of targets...but he disarmed the unit sent to assassinate him...after he had been warned by telephone ...

Omeokachie:
"The Government of Tafawa Balewa, controlled by the Premier of Northern Nigeria, Ahmadu Bello, were using us in the army to repress the Middle Belt and Western Nigeria."

Does this not sound familiar today?!

Middle belt..the Tiv region...that one was due to the crisis between Northern Hausas and minorities...a crisis that played out in all the regions by the way.(Minorities vs Majorites)..and led to the agitation for states., and the breakup of the regions (from 1963 on wards..the Midwest region was created for minorities in the Western region.)...

Western Nigeria...the problem started when Akintola and Awolowo disagreed over the future political direction of the South West....which set off the chain of events that led to Awo being jailed for treason, the Operation Wetie...fighting between Awo and Akintola supporters that got so bad...the government was on the verge of declaring a state of emergency when the January 66 coup happened.

Hmm...

First, respect to Papa....did not know he was still alive. Sad that many of those who played key parts in the 1960-66 events are leaving us one by one.

Second...despite his explanation, the coup was still, in my opinion....unnnecessary. Sure it ended the violence in the South West....but it led to

1.The disaster that was the July 66 coup.

2.The May and October 66 pogroms and the reprisals in December 66.

3.The brutal civil war which left millions dead...and millions injured.

4.More importantly, we ended up truncating prematurely our democratic experiment, we got 40 years of Army rule...and we lost an opportunity to develop a mature democratic system.

In my opinion, Papa AND his colleagues should have resigned from the Army and gone into politics. Let the politicians make their mistakes.

Still....let's say there was no coup. South West might have disintegrated into mass civil war....and history might be looking much different.

Indeed, inspite of its defects, the Court of Appeal judgment in the Nganjiwa’s case expressly limited reference to the NJC only to cases of a judicial officers’ misconduct in court whilst exercising his authority as judge in case before him in court.

“According to the court: ‘It must be expressly stated that if a Judicial officer commits theft, fraud, murder or manslaughter, arson and the likes, which are crimes committed outside the scope of performance of his official functions, he may be arrested, interrogated and prosecuted accordingly by the State directly without recourse to the NJC. These classes of criminal act are not envisaged and captured by the provisions of paragraph 21, Part One of the Third Schedule.’

“This demonstrates the hollowness and invalidity of the argument that every offence committed by a judicial officer must first be brought before the NJC, before the law enforcement agencies can entertain it.”



In other words, the Chief Justice can be brought before the CCB since the crime he is accused of (having undeclared assets) was committed outside the scope of performance of his official conduct.

So, the Chief Justice's trial in the Code of Conduct Bureau is IN ORDER.


Personally speaking, I think that there should be no trial...too close to the election. I also think there is politics involved here. But...the CJN got himself into this mess by not declaring his assets. Sorry guys...but political persecution or no...high time we stopped excusing corruption.

HarmattanRain:
WHAT DID HE DO FOR NIGERIANS WHEN HE WAS A PRIVATE CITIZEN WITH MILLIONS IF NOT BILLIONS?

WHICH CHANGE HAS HE ENACTED THAT BENEFITED THE COMMON MAN?

HE BUILT A UNIVERSITY - THE AMERICAN UNIVERSITY. IF HE WANTED TO HELP THE MASSES WHY NOT MAKE IT FREE TO GIVE THE YOUTHS THE GREATEST GIFT/RESOURCE - EDUCATION

SAY NO TO BUHARI AND ATIKU ONE IS INCOMPETENT AND THE OTHER IS A THIEF

Now, me I don't want PDP back in power...and won't mind Sowore in office.

BUT...

Anyone who expects a private university to be allowing students to attend free of charge ....infact it is not possible.

Private universities have to raise their own funds. Government does not fund them at all. At the same time, they have to pay staff salaries that are at par with government universities, if not much more.

That's why they charge HIGH fees...because government don't give them money at all. (Yes, ATIKULOOTED....but how much of the loot would he have used to fund the university, plus, he was voted out of government in 2007. Since then he has had no access to government money...and funding a university needs HIGH amount of money on a continuous basis.). Maybe govt might give you some LAND, or help you get some land more easily than usual (I heard that's how one other private university got land to build)...but that's it.

The best Atikuloot can do re free education...probably give out free scholarships to some, not all students,, plus a few free spaces (like he did for some of the Chibok girls). If he made every student attend free...where would he get the money to pay staff, build new facilities, maintain existing facilities.He would end up closing down the university in a few years...with heavy debt even.

IbrahimDamola:
NEPA had actually improved since it was privatized by the PDP government. Before privatization, a NEPA man can give you a dirty slap if you go to their office to complain about their crazy bills, they didn't care. They worked for government which pays their salaries. But today just one complaint letter to them copied to NERC and they will be running helter-skelter trying to resolve your issue. I'm telling you from first hand experience.

Use your head Mr zombie.

Even then there are still issues...but that has to do with the fact that

1.Many Nigerians still don't pay their bills

2.The bills themselves are too low. (Ghana pays for power at a rate at least twice what we pay. )

3.The scale of the problem (generation capacity at the time of privatization was 7000MW, with 5000MW available on a good day. Meanwhile Lagos, according to one expert, needs 10000MW alone for 24/7 light).

In other words...it is going to cost money to fix power...and either government expedites action on prepaid meter...PLUS...allows DISCOS to raise bills....so that at least there would be some cash to fix things.

projectreserve2:
Download Free Research Project Topics & Materials Online.
Click on the link in my Signature to visit website Now!

So,instead of allowing students to formulate new ideas and topics....you are busy giving them ready made.?

And after when Buhari calls you people lazy youths...you will be shouting 'He is lyeing'...

Better allow student use his or her brain to formulate, instead of selling ready made ideas.

ClearFlair:
Atiku will just sell it to himself and his corrupt friends.

So what's the alternative....keep it under government control? Where NNPC cannot make a profit thanks to subsidy ? Where corruption and nepotisim is the order of the day?

Privatize NNPC...you people will complain that they are selling it to themselves

Keep NNPC under government control...you people will cry Nepotism,and the Abokeeees are running everything.

It is time we ran NNPC as a proper organisation.

zombieTRACKER:
Buhari effect continues...


RIP to the dead.

He died for nothing though..

What a waste

OK....let's disband our army...since Nigeria is not worth dyingfor.

Heck, let's disband the Police.

By the time thugs have been through your ancestral village three times over, raping and pillaging...you will beg for the Nigerian Army to come back.

But since Nigeria is not worth dying for, leave matter for Matthias.




Abeg...let's get rid of this politics nonsense...this Buhari,GEJ, Yaradua, etc...PDP and APC and be thankful that someone is willing to stand up against Boko Pigs.

darfay:
Dying for this country is not a worth while venture

Good...make all our soldiers go home, and let anarchy take over.

While people like you run to America and blame everyone else.

Grow up. It is because of people like him that Boko is not blowing up your father's house.

madridguy:
Atiku We know your plan.

It is either we privatize NNPC, and allow it to become a proper profit making organisation, while at the same time removing subsidy and saving millions upon billions which we can use for other things...like railways, etc....or we keep NNPC...and keep the attendant corruption.

I don't like PDP...but privatizing NNPC is long overdue.

Not a bad idea so long as they also remove subsidy into the bargain.

Thing is, NNPC cannot be privatized, and at the same time we are keeping subsidy. NNPC must be allowed to sell fuel at market price., or else it would be run at a loss as a private company.

Nnamdi Kanu has lost the plot.

Please, if you support Biafra or not, go and vote. Vote for the party PDP (yes, I am a PDP and Biafra opponent...but hear me out)...that while it is not offering referendum...IS AT LEAST offering restructuring...that would lead to peaceful referendum hopefully.

Boycott the election, and it may be that you get 12 more years of APC....a party antagonistic to your goals.

Racoon:
Yet the government is still borrowing thereby mortgaging Nigeria into chronic indebtedness even saying it have to sell some national assets to fund 2019 budget.

Because we are not earning enough from oil

According to Fitch, we need oil to be at $140 per barrel before we can run a budget free of borrowing.

Oil prices since Bubu took over have never reached $90.

Of course we HAVE to borrow (For that matter, that's partly why GEJ borrowed too, even with high oil prices)

horlabiyi:
Yet we are borrowing up and down. No sense in this.

Largely because of the following facts

1.We need oil at $140 per barrel to run a good enough budget without borrowing.

2.Oil has been selling between $30 to $75 since Bubu took over.

3.Hence the borrowing. We are not earning enough from oil at the moment.

4.At the same time, we need a forex reserve to keep the naira from overheating (see here)

NothingDoMe:
Abeg please educate us on how saving money stabilizes the Naira. I would really love to learn.

Briefly, it's from the reserve that forex is released to improve the value of the naira and to keep it from going too high.

This article does a much better job explaining why...

Okay.....let's see how he does at Palace.(Very surprised they bought him...one would expect Palace to go for youngsters right now....)

Mikel is not as young as he used to be., so I doubt he would be making waves.

Lakside1955:
Samsung that blue screen, have forgotten the name

Probably Samsung R200

Used it myself. Tough phone.

2007 : Samsung R200

2008: Nokia 6300

NigerDeltan:
what is he saving for?

I dont think ASUU need up to 10% of that amount to return to classrooms

The foreign reserve is needed so that our currency does not become like Zimbabwe dollar....and also for important purchases.

maticdamian:
Yes. Me

Better go and get a real job!....easy money is not good for you.

Or go and meet your dad....

Bustincole:
Na dem

Are they from your village?

Say no to tribalism.

Fraud is a crime that is represented in every tribe

Joseph Mbu, auntie Patience best friend is finally retiring.

As par the course

For some time, the President appoints the new IG from the AIG's...which means the DIG's have to go.