₦airaland Forum

Ogaga87:
I'm not encouraging corruption but if all the acclaimed recoveries made has not made any difference to the common in the street then there is little or nothing to keep chasing men with our shops locked down

1.Problem is,most of the loot is the subject of court cases. Till they get sorted out....govt can't use them

2.Then before that...there is the investigaiton...particularly the bit where you separate the clean money from the dirty money. (Some looters loot money them mix it up with their legit funds).

3.Even then, loot may not be enough to change matters PLUS...what do you mean by having an impact on the poor man ? If it means sharing money like Bubu's trader moni, or the 5000 naira plan...that's money that is here today, gone tomorrow....

AnunuebeAgbawo7:
Fredrick and Flora Luggard

So Lugard told criminals to loot money, toldpeople to drop out of school and legit hustle and start doing armed robebry, told our leaders to wreck our railways, etc.

That's the problem with you Nigerians...always blaming others...when you should blame yourselves.

That is why , years after democracy, we still are trying to get it right.

Better wake up. Under colonial rule...life was safer than when our guys took over.

BanevsJoker:
President Buhari.

chiedu7:

Ever since that terrorist enter Aso Rock,human life don become like pure water!

The problem is that these problems were there before Bubu thought of Aso Rock.

And no I am not defending him. We can remove him from power. But are you people ready to make the structural changes we need to make things better.

I am all for kicking out APC. But assuming that things will automatically get better when there is a new president...as if the president is the polcieman on your street, the local government chairman of your LG, the councillor and so on....is a pipe dream.

And those who go into crime will go into crime whoever is in charge......

Are Nigerians ready to change themselves, the way we change government in 2019?

Thing is, we need a good railway service.....

And we need to bring back toll booths...so that we can fund improvements to the roads.

dingbang:
Who is the cause of all these points you mentioned now? I just need a name

You are.

You don't vote for good leaders

You defend corruption

You don't take part in politics, but do arm chair critics.

Look in the mirror...and start the change with the person you see in there.

And this goes for me five thousand fold.

Several thoughts.

1.The lad has been kidnapped

2.The lad got into an argument with his mum...and left the house in anger

3.Mental illness (not insulting him...but it is a possibility).

4. Murder.

The funny thing about this article or thread is that the PDP suppoprters are saying it's ok for them to insult Bubu...since GEJ was insulted badly.

In my opinion, no one cares in a democracy when the leader is insulted.

I'm old enough to recall what insulting our army lords and masters entailed (jail without trial plus torture)...so,instead of bothering about who was insulted more, GEJ or PMB, give thanks to God that at least under this new democratic dispensation, we have freedom to make fun of our leaders.

The problem is, the whole hatred thing. I've seen GEJ and PMB supporters that are sooo embittered that one has to stop and ask if they are okay. You can criticise Bubu or GEJ....but going as far as being so bitter about it....sigh.

As for me...all I know is I criticise our leaders...whether the polticial stripe....but I can never ever hate them. Hate destroys. And most Nigerians would do well to remember the last time we allowed hate to run out of control.....

naija4all:
It's another one, from delta state. Everyday with its own bad news from that side.

Just like other parts of Nigeria....

Nice, but what would make the niceness continue would be privatising all our airports.

I criticised Oduah's maintenance on another thread...but the fact also is that if Oduah had championed privatisation of airports...we would have still had them well maintained.....

So., let's run our airports privately.

Racist behaviour...

Still

According to the police statement, the bank branch has had more than 10 arrests for fraudulent checks since July 18, and a bank representative told WOIO that was why the tellers were being "hyper-vigilant."

The bank has released a statement apologizing to McCowns.

"We sincerely apologize to Mr. McCowns for this extremely unfortunate event. We accept responsibility for contacting the police as well as our own interactions with Mr. McCowns. Anyone who walks into a Huntington branch should feel welcomed. Regrettably, that did not occur in this instance and we are very sorry. We hold ourselves accountable to the highest ethical standards in how we operate, hire and train colleagues, and interact with the communities we have the privilege of serving," Huntington said.

So,somewhat understandable....STILL....why AUTOMATICALLY SUSPECT the black guy?

Bishop4real:
Subsidy on its on is not entirely bad; hence, shouldn't be a scam in an ideal & sane environment. However, it is the administration of subsidy as a conduit to corruptly enrich allies that is a huge SCAM. The difference between the subsidy regime in the past and what we have now is the transparency & accountability involved now. No more backyard & backhand settlements at the detriment of our common good. By the way, I think total removal of subsidy still remains the best option but presently, Nigerians need some level of cushion to augment the harsh economic realities. Total subsidy removal at this stage of our economic recovery will be extremely disastrous! No sane government will do that. This, I believe, is why this government is still trying her best to maintain subsidy to a reasonable extent. At the appropriate time & with other factors in place, subsidy will be totally removed to pay way for market forces to determine price.

THing is, if we removed subsidy as far back as 2006...all this corruption would have gone and prices would have gone down since....there would be no subsidy scam since subsidy is not being paid.

Good comment anyway....

Still, we did not subsidise GSM. ('Starter packs for a Vmobile sim could be as high as N7500...and that's just for the sim..back in 2002. Now, that same package costs less than N1000)....AND competition eventually brought down prices.

Dbrave1:
son of hates, throat always pain them when is time to vomit truth Odua kor Oranmiyan ni...smhson of hates, throat always pain them when is time to vomit truth Odua kor Oranmiyan ni...smh

The only people I hate are the corrupt....whatever party they come from.

Whether Oduah or Gandollars....I think they should be in jail.

Even Akpabio , Odili, etc....

You...why are you defending Oduah? Me...I no defend anyone who steals...so take your funny thoughts elsewhere.

tejiritex:
Get a life, backward thinkers.

Why is she not in jail. What if Gandujedollars

For the same reason Gandollars is not in jail...politics.

(And in case you think otherwise...Gandollars should be in jail. And APC does itself no favours by not dealing with him).

Splashme:
Another Stella Oduah airport transformation materialising.
Weldon, team Oduah & GEJ

The ones Oduah did that are already spoiling nko....even within one year of commisioning.?

And lest we forget .....the N250million naira BMW.... 4 of them even!

correctguy101:
Ahn ahn, Gionee no be Samsung mate na...

About phone manufacturers... Relationship with any country and their allies is also very important cos of fear. Espionage things, you know.

And the owner has the guts to dip his "gambling infested " hands in the "pot of soup"... Stakeholders go nearly kill am cosi don't see them getting their invested funds back.
Bankruptcy is just a way for the criminal to cut losses and keep the remaining "food" to himself and /or maybe his senior investors...

What do I even know.

There was a time when Samsung products were poor quality. (that was back in the late 80's). Times have changed.

Same thing with all the japanese products like their cars, etc ...50-60 years ago...poor quality. Now...

China can improve....this used to be a country where the GDP was less than that of Sierra Leone back in 1972....

Ogaga87:
I didn't mean to say that you are defending Buha.... If my comment portray such, I'm sorry because your initial post didn't state that..

Thank you.

Mind, I opposed GEJ....but on his subsidy removal...I agreed 110% because it made economic sense.

Sadly, most Nigerians did not see that .

Truth be told...Bubu has to remove subsidy and allow prices to be set by marketers. It is a difficult thing to do...but it is the only decision that makes sense. That N300bn can go for other things...like rail.

figment232:
None had been paid at as when the marketers gave notice of their strike.The just got a promisory note of N236bn ealier this week.The fact remains that the DULLARD is a scam.He rode to power on the claim that subsidy does not exist.Whereas he is now paying it double.

PDP got voted out for a wholelot of reasons...sadly APC just happened to be the alternative.

As for the promisory note...well...it is better than nothing.

On subsidy being a scam...as I ahve said earlier (and adding this qualifier)...Bubu made a political comment at the time when there were subsidy scams really happening (that was when people like Otedola were on trial for making fake subsidy claims).

The problem was that those fake subsidy claims were as a result of the unsustaianable subsidy process that the then Opposition (and the vast majoirty of Nigerians who refused to see the long term benefits of GEJ's price icnrease...thank God few people who oppsoed PDP back then refused to let our opposition to PDP blind us to a good policy like GEJ's subsidy removal)....

As for the continued payment of subsidy....since we still IMPORT most of the fuel we use in this country....and the cost onf imporitng one liter is N180 while the cost of selling is N145...subsides have to be paid. Or else...we would be paying N250 for one liter of fuel (and yes...it is a good idea we do so for reasons outlined elsewhere..including the fact that the subsidy money would no longer need to be paid.)

Ogaga87:
[b]So the skewed of Buhathief could not allow him come out open when he took on the protest of the removal then to tell Nigerians that what PDP was doing was right..

Since 2015 till date, this administration could not come with a practical solution to PRE-PAID metre for Nigerians. The current chief of lies who is the representative of the devil in Nigeria, told us that they could not handle anything on that matter as far as it is concern.

Since 2015 till date, ASUU has never benefitted from the agreement they reached with a 6.5 to 8.9 trillion of this current administration..

With the travels the president did when he first assumed office, they could not boast of the level of FDI that came into this country.. See your unemployment rate today...


Can you honestly defend this administration before the Transparency international that this government has done much on fighting corruption with a situation where the hunted will be freed if he or she becomes a member of the ruling party...

I would have written so much on this but I'll save the energy for other post

I want them to give us the true state of what the STANDARD OF LIVING is now as against 2015.. I am fed up but I cant die.. APC is a costly mistake...[/b]

Bros...I amnot defending Bubu or his economic polices (that is another topic on its own)....I am merely showing how we got into the mess of subsidy.

In my opinion, if we had allowed GEJ to keep prices at N140...by now none of this problems would have been happening.

Bubu can avert the problem by stopping subsidy payments, and allowing prices to rise. Problem is....Nigerians like low prices.

(As you can see...my explaining why Bubu is paying for subsidy does not mean I like the policy. Personally...I want all subsidy payments topped...and marketers can set their price....)

figment232:
Rubbish talk dont give any excuses for th DULLARD.Buhari is still paying Subsidy and NNPC is not the sole importers of fuel they are rather the Major importers.Why is BUBU paying that N800bn why are the afraid of the strike.Use ur head u hear!

I am not excusing the 'dullard'...infact..I regard his subsidy payment as bad economics.

I think he should remove subsidy completely (then I might consider voting for him).

But the reason why he won't is because most Nigerians prefer low fuel prices. And if Bubu really removes subsidy....price of fuel will cost N250 and above ....and there would be protests.

Bubu is paying the N800bn (MOST of which has been paid...it is the last N300bn that govt and marketers are fighting battles over)...because it is leftover from the GEJ era .....which happened because GEJ was forced to cut prices from N140 to N97 IN 2012.

[b]Had GEJ been allowed tokeep prices at N140 BACK in 2012.....there would have been no debt.

[/b]QED.

emmie14:
What then is the possibility of #150 pump price and upgraded refineries?

Not possible...UNLESS...

1.We build four new refineries...plus Dangote

2.We build a host of new refineries...modular refieneries.

3.We remove subsidy....for a few years...prices stay around N250-400...then as more investment flows in, and facilities improve.(AND government allows more players into the downstream sector)...prices would eventually reach N150.

4.Oilprices go up...and knock the value of the naira higher.(more dollars to buffer the naira).

Racoon:

https://www.youtube.com/watch?v=6JjR3RHRs1w
Meanwhile hypocrisy and clueless is when Buhari/APC/"Occupy Nigeria Protesters" shouted that "Subsidy is a scam.Subsidy does not exist" And today "..President Muhammadu Buhari says the federal government has set aside N305 billion or $1 billion for fuel subsidy payments in the 2019 budget..."

Buhari/APC/"Occupy Nigeria" hypocrites need to apologize to former president Jonathan and Nigerians for hookwinking them on this subsidy or the dubious "subsidy under-recovery" coinage they choose to call it.

Meanwhile the cost of petrol is still high even with the subsidy issue.

1. Subsidy being a scam dates back to the scams that happened under the GEJ regime..when marketers, who were being forced to sell fuel at prices below what they imported it for...used underhand methods like paying for fuel not imported (and smuggling imported fuel across borders to sell at higher prices). Hence the scam.

2.Yes, Bubu and his guys and most Nigerians owe GEJ an apology (sounds harsh)...but...if GEJ ahd been allowed to increase prices in 2012 to N140...all this debt and scams won't have happened...at least until the landing cost exceeded the import cost (which, hindsight speaking...would have lasted for 4-5 years). But Nigerians don't think long term.

3.Fuel costs are high (even in the USA....it costs N300 at least for one liter of fuel. And the US is now a net oil producer). In Nigeria we face the issue of

a)Importation....we need to import because

b)Insufficent fuel production at home...even at full capacity...we may need to STILL import at least 40million liters of fuel a day (our refineries can only prodcue 30million and that's when they are working well).

4.Only solution...remove fuel subsidy completely. That way, investment flows in for new stuff like refineries (NNPC too wouldfinally be able to earn money and become a big playa like PETRONAS of malaysia!) BUT....fuel willicnrease to N250 and above...and that's what most Nigerians don't want.

Nitah1:
Is for gej debt,not for a fresh subsidies.

GEJ debt is seprate from this payment. GEJ debt was covered in supplementary budgets.

This payment in the budget is the reason why you and i and everyone else is not paying N200 for fuel at the pump. The money goes to NNPC...who is imporitng fuel at N180 per liter and selling it to marketers at N145 PER LITER..and makes them sell to customers at the same price.

deolu2000:
APC and scam are inseparable. First they claimed subsidy is non existent and that GEJ and co are only stealing the funds, we the gullible went and occupy Nigeria. Finally they came to power and told us that if we allow them increase pump price, that in six months, our refineries will be fully operational and competition among the marketers will drive down the cost of PMS, boom they increased from #97-145. only for them to go about claiming to be paying 10X the value of subsidy to marketers despite all their claims.
my questions are the following,
1. Has our population increased so much? that we now utilize such volume of PMS within the period.
2. What happened to the money they claim they will save so as to get our refineries working, after all it is almost 3yrs now and no refinery is working more than at 25% capacity?
3. if our Budget increased from 4.2tr under GEJ to 8.8tr, please how has this reflected on our lives as ordinary citizens trying to survive on the streets?
someone should please enlighten me

Well here is what happened

As far back as 2010...govt could see that subsidising fuel would not be sustainable, hence the increase in price in 2012 from 65 to N140.

Nigerians portested....so prices went down to N97. At the time,landing cost was N99.

Landing costs increased, paying subsidy became unsustainable from2013.....and by 2015....landing cost was N132. Fuel was N87.

Bubu did two things

1.Ended importation by marketers,except for NNPC

2.Increased prices.

BUT...we still have subsidy claimsleft over from before the price increase...which Bubu is still paying off.

Also, landing costs are icnreasing.Right now...fuel is at N180 as landing cost. We pay N145 at the pump (N142 in some staitons).

So, subsequently....subsides must be paid...or fuel would cost N200 and more.

As for refineries...it isn't just fixing them...we need at least 4 new ones. Apart from Dangote...to meet domestic needs.

And since one new one costs $9bn (our reserve is $43bn. 4 refineries cost $36bn...spending our reserve would have bad news for our economy)....we have to attract investors. And the only way to do that is...by removing subsidy completely. IE govt stops setting prices, stops paying subsidy...and fuel would shoot up to N200 and above.

gurunlocker:
What happened to the promise of fixing the refineries by 2019 according to this administration, in which Kachukwu said he will resign if our refineries is not functioning by 2019? Remember he said its no longer feasible again?

Do you know we will be spending $1bn on fuel subsidy in the next 3 years if this continues? Not adding how much has been spent already?

1.Anytime I hear 'Fix the refineries'..I laugh.

Even if the refineries are fixed....our demand is much higher than it was when the Kaduna (the newest of the four) refinery was opened in 1988.

Unless NNPC built five new refineries in the last 30 years....I doubt fixing the refineries is going to sort out our problem. Far more people areusing cars, generators etc than they were in the year 1988.

If our demand had stayed static for the last 30 years....I would have agreed with Kalichukwu



2.I hear you on the $1bn....that is why I think that subsidy should go completely.

But the thing is, NO NIGERIAN WANTS THAT.See what happened in 2012...despite peoplelike Okonjo-Iweala and even the Emir of Kano (who to this day thinks that removing subsidy in 2012 was for the best) advising that subsidy remoival was right.....

Even Atiku, who might win next year...is promising N90 fuel...which means in the short term...HIGHER SUBSIDY BUDGET.

Even if BUBU comes and removes subsidy and tells Nigerians that he has saved the money...and is using it for sensible and verifiableprojects...no corruption even....Nigerians will throw him outof office...and the new guy will promptly reinstate subsides.

arrestdarrester:
With N305bn for subsidies I can confidently tell you the new fuel price for 2019.

This next level (God forbid) go harsh, na lie, e go wicked die!

The fact that they are paying subsides means that fuel price is going to stay at N145...for now.

(NNPC now being the sole importer of fuel MEANS that prices will stay low).

The truth is, there may be no price increase in the near future. Nor would there be removal of subsidy completely (it is not politically friendly...which is why Atiku is promising N90 fuel...which means that there would be dobule the money in subsidy payments. And Bubu does not want a people's rebellion either.).

Price icnreases will happen WHEN the landing costs increase to a point where maintaining subsidy payments is not feasible. For now NNPC is holding the fort by also dragging in money from places like the NLNG. The breakpoint for me (my uneducated opinion) is when it costs N200 to import 1 liter fuel....THAT'S when NNPC goes bananas so to speak...and prices go up.

I expect government to spend more on the subsidy. It is a bad decision IMO...but then again, Nigerian peopleprefer subsidy

emmie14:
They should allow investors to come in and expand our refineries to production capacity that can meet up with the demands of our population

Only way an investor is going to come in (good comment by the way) is if subsidy is remooved...meaning that investors can come in, refine fuel and sell at their price...not at government price(which wouldforcethem to sell at a loss).

But subsidy removal means high prices (as high as N250-300). Nigerians won't like that.

gurunlocker:



Buhari is a scam please! From not knowing what fuel subsidy is, to removing fuel subsidy and increasing pump price to #145, and now paying huge money for that same subsidy that has been removed


Yahoo Bubu No Laptop (YBNL)

1.Bubu made the 'not knowing comment' in the face of the scams that were happening in the sector...scams which probably won't have happened if GEJ had been allowed to remive fuel subsidy in 2012.

2.At the time fuel was increased to N145....landing cost of one liter was N132 . We were selling fuel at N87. Meaning most marketers were selling at a loss. And then there were the debts in subsdiy claims form the GEJ admin (another effect of GEJ being forced to reverse his subsidy removal in 2012). OF COURSE BUBU HAD TO REMOVE SUBSIDY PARTIALLY...or else , most marketers would have gone out of business...or therre would have been permanent scarcity.

3.What happened was partial removal. (At the same time, NNPC was made the sole importer of fuel...and subsides are now paid to NNPC...instead of to marketers as before.). As long as government still sets the price, it isn't subsidy removal. Keep that in mind.

4.We need at least 3 new refienries, in additon to Dangote...to improve domestic refining capacity. And the only way to get there...compel;tely remoive subsidy, allow markterts set their prices the way they want (like in the GSM sector)...and who knows...investors will come and do things like new refineries (since they can now refine and sell at a profit)>

(Which is why Atiku's N90 for fuel plan won't work...it would make things worse...and it means increased subsidy payments).

emmie14:
Bro. Abeg how much will it cost these foo..ilsh leaders to get our refineries working?

Even if all our refineries are working...we would still need to import because the last one was opened in 1988....when our fuel needs were far less than they are now.

And someone estimated we would need to import fuel as much as 50million liters per day even when refinereis work.

Dangote.?....Dangote is coming on stream at quarter capacity....and is set to reach half capacity by 2030...so dont rely on Dangote.

Only way we can build more refineries....now that we are not earning enough from oil....is to remove fuel subsidy which means high prices of N250 or more for petrol...but more investors come in.

Ogaga87:
And fuel is 145
The looters left it at 97

The N97 price was no longer sustainable by 2013....because the cost of importing one liter of fuel was higher than the cost of selling one liter of fuel. By 2014...it was only in Lagos and Abuja that N97 was in place, everywhere else it was N120 and above.

Also, because of the fact that prices were kept at N97....our government got into debt paying subsidy claims...which Bubu is still struggling to pay.

As for the subsidy we are paying now...it costs N180 to import one liter of fuel. Govt pays NNPC (NOW the sole importer) a subsidy to keep fuel at N145.

And even if ALL our refineries were working at full capacity....remember the last refinery was opened in 1988....30 years ago. Our needs have shot up drastically since then. Hence the importing.

biztip:
this year there has been a drastic demands for mobile phones in Nigeria. this might not be unconnected with the economic hardship in d country. I sell phones and I can attest to that. some of these phone manufacturers have their greatest sales in Nigeria. so a drop in demand in Nigeria can affect them hugely. even more manufacturers might follow suit in this bankruptcy issue. a lot of businesses are running without profit line. I have seen bigger phone dealers with many branches that have closed up. if u re still living in denial about d bad nature of d Nigerian economy, be there until it reaches u and hit u hard. this current govt is economically equipped ..

The Nigerian economy is in a bad state, but if Gionee was relying on JUST the Nigerian market...then they deserve to fail.

If you want to be an international phone company, better have markets all over the world. Putting ones eggs in one basket is a big mistake.

Emerald94:
congratulations Doc....news like this makes me feel like I wasted my time and resources bagging a 2:1 in the course I studied..... back then people always said its not about the course.....


but in the real sense it is... to an extent

No....2-1 is not a waste of time...I know guys with third class who would want to get their hands on 2-1!

As for being a graduate from medical school...yes it has its benefits. Getting job is easier (no need for 10 year experience!)

freedomforall30:
Quota system achiever. Bring her to Biafraland, she will not even smell 50th in her class. News like this meant to deceive afonjas!

1.ABU medical school is a serious medical school bud.

2.ABU medical school has graduates from across the land.

3.ABU medical graduates areserving across the country and doing well.

4.Emancipante yerself from bigotry.