₦airaland Forum

bettercreature:
Not defending him he is very corrupt and should be disgraced out of office.But i must tell you this,having a northerner as a CJN is going to be a disaster.PDP lost lot of state to tribunal between 1999 and 20015,Such will never happen if you have a Northern CJN and a Northern president
Northerners are tribal bigot

So are Southerners...and to be honest....we have to leave that behind.

Plus PDP won more than they lost...and the opposition lost far more then PDP.

Anyway....I don;t do PDP or APC....as far as I am concerned they are the same. And let the CJN face the wrath of the law. Let's dump this whole tribal defense thing.

bettercreature:
Northerners are so unlike southerner,they can never rule against their son its their thing so forget about Northern wont favour Buhari of a thing.I am a PMB supporter but i dont want the power to concentrate in the north

So you think that is the case ALL the time?

You are defending a Southerner because he is a Southerner. Let's not justify evil. I don't justify evil, regardless of the tribe .

Maybe you do.

Randy100:
The truth is that Buhari was never comfortable with the guy as CJN in the first place. Osibanjo was the person that actually confirmed him as CJN. The question everybody is asking is why now? Few days to the election. My brother it is all politics, nobody is defending him. If the FG is sincere why are they not following the due process.

But they are in a way.

Plus..the guy should not have left himself open with those accounts. Always be double careful when you are in power.

bettercreature:
The man is very corrupt the only problem is that the next in line is a northerner

And who told you Northerners would be favorable to Buhari?

What's wrong with a Northerner taking the job if Northerner is qualified and knows what he was doing?

Was it not Northerners in charge of the Supreme Court in 2003 and 2007 when Bubu lost both his challenges against the elections?

Randy100:
It is clear that Buhari is up to no good.

Me I think that the CJN should not be prosecuted.

But most of you defending him are doing so because he is a Southerner....not because he is innocent of the charges.

The North defended their corrupt...and see where they are.

PFRB:
Try and read what Kanu said. Go here and read.

"""""“The downside of a boycott is of course very obvious: when an election is boycotted, the incumbent is much more likely to win that election. Yet, the upside is that when a popular mass movement such as IPOB boycotts an election, it denies the government the legitimacy derived from the results of such election. That’s enough for us and that’s enough for the international community that monitors these things.

Yeah, it sounds like he is looking for a big ego trip.

But ego trips don't get you anywhere.

Everyone boycotts the elections...then what ? The South East gets more marginalised.?

Take Scotland that got their own referendum. The Scottish National Party was founded in the 1930's. They could have done like their Northern Irish counterparts Sinn Fein and boycotted the British Political process. But they did not...instead they took part in elections, won seats, achieved their goals over the years like devolution of powers, Scottish parliament, language rights...and finally, after nearly 70 years...i the law change that enabled them to hold their referendum for independence.



But Kanu wants to boycott elections. Who wins? The people who boycotted the election? Some guys will still go and vote...and it won't be the ones that support IPOB position. And guess what....APC wins again, and again and again. And in 2023...who will be supporting IPOB? A tiny minority.

I mean what is the gain of taking yourself out of the political process ? For what...some cheap recognition that gets you nowhere?

Better face the Nigerian reality and work with it if you want a peaceful referendum. Because the alternative is war. And you won't like war.No one is going to give anything to boy-cotters...especially when the Political elite does not back them

If Nnamdi Kanu wants his peaceful referendum...he better encourage Igbos to vote...because there is a chance PDP can win, and while PDP is not promising a referendum...they ARE promising restructuring...which MIGHT lead to a referendum for independence.

Boycott the election...and then what ?

IPOB better work with the reality of Nigeria. That;s how MASSOB was telling Igbos not to partake in the 2006 census...and that seriously backfired to the point that their leader regretted it publicly.

Meti99:
Most at times I wonder why Nigeria youths will get their heads stucked up in old expired recycled politicians poos as Buhari and ATIKU's ,when we have brilliant and visionary youths who can rule Nigeria well

Nigeria youths are the real problem of nigeria

Because we are a poor country...and in a poor country, people don't want to take risks.

So, even though Nigerians grumble all day about APC and PDP...at the end of the day, they are going to vote for the same old same old...instead of someone new...who might actually change things....and upset a lot of apple carts.

Better the devil you know, than the angel you don't.

oldtruth:
May you never prosper. So, now you know that Nigeria is not getting profit from its gas sales and still manages to pay the #55 excesses?

I know you are daft but can you please tell me on what calculations they were working on when they first claimed to remove subsidy and what was the earlier fund derive from it used for? We are all Nigerians and we have the right to criticize a sick government. Your justification made him look more stupid and you, a demented fellow

p.s....Please try not to use language like 'May you never prosper' 'stupid and demented fellow', etc....while disagreeing with people.

Good evening. I did not insult you, but you chose to insult me.

oldtruth:
May you never prosper. So, now you know that Nigeria is not getting profit from its gas sales and still manages to pay the #55 excesses?

I know you are daft but can you please tell me on what calculations they were working on when they first claimed to remove subsidy and what was the earlier fund derive from it used for? We are all Nigerians and we have the right to criticize a sick government. Your justification made him look more stupid and you, a demented fellow

Well, in 2016..when Bubu removed subsidy, we were selling oil at N87...while landing costs were N132. Oil prices were at $30 then, and the fact is...we need oil at $139 per barrel before we can run a budget without problems.

So, what was done, prices were raised to N145...and at that point, subsidy ceased to exist...UNTIL landing prices went up to N150 and above (now it is N190)

So, subsidy was brought back...now we pay at least N55 as subsidy. The subsidy is the difference between how much NNPC imports the fuel and how much they sell it to marketers .

Subsidy going will allow more investment in the downs tream sector...meaning more jobs, more refineries, and eventually LOWER prices. We also save more too.

That's why it has to go.

God bless.

StaffofOrayan:
Is it a scam or not?

Here is where it is a scam

Back in 2013....fuel was being sold at N97. Landing price..the cost of importing said fuel....was much higher.

As a result....marketers engaged in scams like making subsidy claims for fuel not imported, selling on the black market, etc. We were having constant fuel scarcity every now and then throughout the year...and we were accumulating a huge debt.

That's why it was a scam....we were paying heavily for subsidized fuel...and still having issues with supply.(Hence Bubu calling it a scam...we were paying subsidy...and yet still having scarcity).

Of course...he was also playing politics too.

But once Bubu took over...he kept up the scam...because removing subsidy meant prices shooting up to N150 and above...and that means revolution.

Until it became unsustainable...(as I have explained upthread).

P.S....I regard APC and PDP as the same....and the fact that APC still keeps the subsidy...is a sign of poor economic thinking. If government cannot take risky decisions to improve our economy...who will

Good evening.

StaffofOrayan:
Isn't it funny when Buhari supporters want to sound intelligent?
It's like calling MMM a scam and still depositing money in their account, sometimes u gotta wonder how they reason.

Hi...I am not a Buhari or Atiku supporter.

Thank you.

And oil subsidy must go.Since 2006.

kpaofame:
Return to Base, I repeat return to base, ALL NCAN members should return to base...


Identification is INCONCLUSIVE



NAME CHECK >>>>> EZRA

RESULT ANALYSIS >>>>> INCONCLUSIVE

Very inconclusive...

For all we know he may not be from Nigeria sef?

All these parents wey give their pikin biblical name....

It is time!

Buffalowings3:
You're incoherent..
Buhari was saying subsidy is a scam..
3 years down the line, he is still paying up....
When is he going to stop paying..
Oh, 4 years is already gone

OK...back up.

In 2012...GEJ removed subsidy and raised prices from N65 to N140

Nigerians said no, and the oppsition joined them.

GEJ reduced prices to N97. Landing price then was N99.

By 2014...LANDING price was in the N120s, official price was N97.

Marketers were selling at a loss, so many of them resorted to practices like

1.Selling fuel at higher prices

2.Selling on the black market

3.Making subsidy claims for fuel not imported. (That was a major part of the scam that Bubu talked about...that plus the subsidy on kerosene that was still being paid when it was not supposed to be paid...another story).

Bubu was not planning to remove subsidy though...that was when his ex minister David West came up with the N45 per liter joke in 2014.

In 2015...Bubu took over. Landing cost of fuel was at N132. AT THE SAME TIME....oil prices were falling...reaching as low as $30 IN 2016.

We needed oil to be above $120 to have a balanced budget.

So, Bubu raised prices to N145....and removed subsidy.

Which worked...until the landing price passed N145...NOW N190.

So, Bubu started the same old subsidy again...the same old scam...by paying underrecovery.


NOW HERE IS THE PROBLEM,...

NNPC imports fuel at N190 now...sells it at N145...and government pays them the difference. NNPC can't make a profit (and the corruption there too makes things worse)...so it can't adequately maintain existing refineries...or build new ones.

NNPC then sells fuel to marketers at N145 per liter...and forces the same makreters to sell at N145...profit zero.

Meanwhile..we need new refineries...and we can't have new refineries because under subsidy...which is what you want....no one makes a profit...and no investor is going to come,build a refinery and sell fuel from that refinery below production costs. And that includes Dangote.

That's why oil subsidy is an economic crime.And keeping it on is costing us trillions, and costing us new investments, new jobs ,etc.

baliyubla:
This will be child's play compared to how much PMS would sell for in Nigeria, if the dullard were to be reelected.

So you want us to keep on paying for subsidy that we cannot sustain.

We need oil at $140 per barrel to run a balanced budget. Oil is at $50-60 now. We are losing cash.We don't have the cash to keep oil at N145 per lter. And no investor is coming to build refinery in their numbers because at the end of the day,no one is going to refine fuel at N160 and above per liter...and sell it at N145...losing money.

And even if all our refineries are working...and they can't work because NNPC is not making a profit with subsidy....all government pays them is enough to recover the money spent on importation sans profit....the last one was built in 1988. It has been thrity years since . Our needs are much higher now.We need at least three more Dangote level refienreies...which no one wants to build because...subsidy means we sell at a loss.

GEJ got it right in 2012.;....oil subsidy must go. Or we keep on sustaining the scams to keep oil low...and jeoparidise fresh investments,new refineries, and eventually market driven crash in fuel prices.

zombieTRACKER:
Mugabe's strained relationship with the west really messed up that country...

No...Mugabe wrecked the white owned farms that were the main sourceof foreign exchange for the country.

Imagine us in Nigeria handing over our refineries and entire oil sector from the oil companies and NNPC to people who do not know anything about running the oil sector....

That is what happened..and their economy paid the price. No exports...no forex....bad economy.

Next time...don't wreck the goose that lays the golden egg in the name of 'justice'

LuciferVirgin:
Zimbabwe does not produce oil so oil prices there can be whatever it wants to be.


Zombies are trying to justify the fraudulent fuel price hike of their corrupt saviour who said 5 years ago that "subsidy was a fraud" but went ahead to do just that.

I'm sure he is planning to increase it again hence this meaningless news.


*spits

So your Savior GEJ was wrong when he removed subsidy in 2012...? eh?


Look, GE removed subsidy in 2012 BECAUSE it was no longer sustainable. Nigerians like you opposed him then, he reinstated subsidy, by 2013...when import price of oil rose above the cost price..the subsidy became unsustainable...to the point that marketers were engaging in scams to keep afloat.(That is the scam that Bubu was talking about).

And when Bubu came, because he did not want to lose power...he kept subsidy until landing cost was N132....while we were selling fuel at N87. Meanwhile...oil prices had fallen, our revenues were falling...and we had no choice...that is when Kalichulwu and Emefiele talked sense...and subsidy was removed...prices raised to N145.

Now landing cost is N190. Prices are at N145. For every liter of fuel,we are paying N55 naira as subsidy....And that does not allow NNPC or marketers make a profit.....and that is why we do not have more refineries, our downstream sector is messy, and why we have scarcity, and more scams .

So, either prices rise, subsidy goes, we save trillions of naira that we can use for other things....or we keep subsidy...and keep on wrecking our economy



SUBSIDY MUST GO!

OgogoroFreak:
This woman funny whalahi!

Toto wey you don take born FOUR CHILDREN AT ONCE e go don wide anyhow nah. And I suspect say the wife no dey give his husband anal.

No be the man fault abeg. The nigga need tight hole to release plenty sperm.

Good...so you will keep side chicks when you marry?

Would you have forgiven your father if he betrayed your mother by doing the same?

You think marriage is about toto and holes.?

Abeg...take warning...if you marry....NO KEEP SIDE CHICK...even if your wife become fat like Yokosuna. Because your CHILDREN.....will never ever ever forgive you.

What pains me about this case, and I am speaking as a man, is that guy is married, and is still keeping side chick.
And now side chick matter is destroying his marriage...and he thinks it's all right?

And if the woman decided to keep a side boyfriend...everyone would be saying it is worng...and IT IS WRONG....but when man keeps side chick,and woman is severely depressed as a result...we abuse her for wanting to commit suicide.

Nairaland men, anyone who is reading this, let us think. Side babes are fun...for a while...but in the years to come, it would hurt us badly. I can tell tales in my short experience of people who kept side chicks...and it damaged their relationships with their children permanently. You insult the mother of your children by committing adultery....you betray her...and you expect your children to smile at you years later...and call you daddy.

And after we would be forming 'I am a Christian' (At least in Islam, you can marry more than one wife...which is why they punish adulterers severely).

If it is true that the woman ran away from home because her hubby buying car for side chick is the last straw.....of many straws...then unless she too is doing side business....the man is to blame.

I pity the man. If he continues....time will come when his own children will curse him for betraying their mother. Respect is earned.

Nduzeal:
You want to kill yourself because your husband bought a car for his girlfriend go ahead and know that he'll fire is waiting for people like you but come to think of it are you sure that you really want kill yourself or you are acting? Monkey God blessed with four children and you are leaving this rubbish called suicide note here

The question is, what is the husband doing with a girlfriend?

Why is the husband behaving like a child, for god's sake?

He is a married man. His first duty is to his wife and children. Not to some other silly girl looking for a ready made home?

Or would you have tolerated it if your dad was sponsoring a girlfriend when married to your mother?

Sometimes we men justify bad things. The man is an adulterer. His adultery is wrecking his marriage. If he does not grow up and realize that he is sowing destruction for himself and his wife and children....him no go see.

One young university student I know...his dad abandoned his mother and siblings for side chick. When the guy was 17 years old he openly called his father a LIAR in public and no one corrected him...because they knew he was right.

BluntBoy:
Who wants to stream their rubbish movies?

Some people like Nollywood, and an online streaming platform might bring in new fans.

(I am not a fan of Nollywood, but anything good for the industry means more jobs for Nigerians, more prosperity for our economy.)

The problem with fighting corruption in Nigeria is that it has been so polticised....by Nigerians.

Right now, people are saying 'Buhari does not fight corruption'...yet when Buhari wants to fight corruption, the person who is being investigated promptly cries foul and nothing is done.

That's how it has been from time immemorial.

JaceBlaze:
So you don't think well trained black farmers can be capable of running a farm and pay tax? there are already black farmers producing on large scale and employing thousands of people.The only way we can fu*k it all up is if we pick some random unskilled people to handle those farms.

1.Personally speaking, I think well trained black farmers can do a good job too (I once read about a black South African cattle farmer who worked under a white farmer ...before he acquired some five cows...which he has grown into a prosperous herd.

2.Yes, there are large scale black farmers, who are successful. But most land redistribution programmes are geared towards breaking up large farms into smaller holdings for small scale subsistence farmers.(which isn't good for mass food production)>

3.And yes, re Zim...much of the farmland was handed over to unskilled farmers . (Politics too messed up things).

4.And then...there are the financial implications. How do you, for example,pay back loans taken by previous owners? How about making foreign investors in other sectors confident that their investments wont be subject to arbitrary seizure?

Some people feel that you are no longer relevant in the industry as producers don’t call you for movies. What do you have to say about that?

It is not just about me; it is about all the actors in my set. You don’t see Jim Iyke, Ramsey Nouah, Genevieve Nnaji and Omotola Jalade-Ekeinde as often in movies any more as you used to. So, it is not about me alone. It is the new trend that came about when cable television operators came on board. The home video system was not properly structured; so, people started buying decoders. The level of politics in the home video sector was so high and our economic value became affected because initially, we got paid from the funds got from the sales of movies. As an actor, you can determine the fees you will charge for a movie. When cable television was introduced, it drastically reduced the sales of movies because some of those movies were already being aired on TV. It is not a personality thing but the lack of structures in the industry. And see where it has brought us.

So, movie producers should get Cable providers to pay higher for their content.

Also, has anyone thought about streaming ? A streaming service for Nollywood films might do the trick...pay per view.

JaceBlaze:
I don't really support redistribution of land without compensation,but just because someone tried it and failed doesn't mean the next guy who tries the same method will fail.And is there anything wrong with returning land to its rightful owners?

I don't see how we are going to destroy economy,I guess you are mentally wired to believe that a black person should always be a spectator while the white man runs the show.

Thanx.

Well..here is how land redistirbution destroys economies

1.Many of these farmers took loans to develop their farms. If the farms are seized sans compensation....who pays the loans? Banks lose big time

2.Many of them farmers employ lots ofpeople. Sack the farmers....hundreds , thousands even lose jobs and salaries. And they don't get any of the land...and they may even lose their homes. More unemployed people.

3.Many of these farms produce foods for exports. Seize the farms...the replacement farmers lack the expertise to grow the crops . As a result, exports fall, revenues to govt coffers plummet.

4.Foregin investors won't come into the country...because if govt can suddenly seize yer property without compensation....why should you invest? More jobs lost. More revenue lost.

5.Farmers pay tax. Remove them...that's a substantial bit of your tax base gone. And that includes the farm workers who pay tax as well.(see no 2).

6. Domestic food production is affected...leading to 1) scarcity of crops...economic catastrophe. 2)government has to massively import food to make up the shortfall...loss of forex, plus food prices rise because imported stuff is more expensive than local stuff.

7.People who rely on the big farmers for livelihood...ie traders, some industries,artisans, mechanics, carpenters, etc....also lose out.


It is not that simple...and I say this as someone who wishes that the original owners got their land. But sometimes...economic stability is more important than justice.

CreepyBlackpool:
This can never happen in Nigeria

ah!
are you mad ni?

A Nigerian mother will go to that school and fight it out with that teacher before it escalates to the point of suicide.
Except for this new generation of mothers that only complain online.
But even those are better than this mumu woman who did nothing

I blame the mother!

Lol...infact a Nigerian mother will be at the school with her posse in minutes...

The teacher won't know what hit him/her

Oga headmaster sef go come out to beg mama de mama....abeg, please have mercy na!

JaceBlaze:
Even Russia is under sanctions but they are doing well.I don't know what Zimbo's excuse really is

Russia has something most African countries don't...an active industrial sector that exports stuff.

(Though Russia too produces oil...and they have become a little bit dependent on oil...which makes them affected by rises and falls in oil prices too).

id4sho:
Nawa ooo
More hint Pls

OK...most of the fertile farmland in Zimbabwe used to be owned by its minority European population. Same European population also produced stuff on the farm that was exported to bring in foreign exchange for the state's coffers.

Mugabe in 2000 started his land reform programme...where much of the land was seized from rich white farmers and handed over to poor balck people.

Problem was, that meant production of exprt crops stopped....foreign exchange reserves fell massively, and by extension there was no forex to buffer the local currency....leading to inflation and the increasing worthlessness of the currency.

Zimbabwe's problems started when they did that land resettlement programme 19 years ago.

As a result, they destroyed their means of getting foreign reserves, destroyed a major sector of their economy, and their currency paid the price.

Moral: sometimes justice has to wait.