₦airaland Forum

omohayek:
Sure, whatever. Keep deluding yourself that you're anything other than totally ignorant of economics and bent on substituting the necessary knowledge with conspiratorial thinking and empty moralizing.

I have work experience in the downstream oil industry, so I actually know what I am talking about. Take diesel, for example.

Diesel was fully deregulated years ago. Yet how many of those marketers import diesel on a regular basis, or have enough funds to carry out the business? A large number of them did initially, but many gave up a few years down the line.

As for PMS, as long as a marketer gets stock from a known approved source at an official discounted rate, he is duty bound to sell at the approved retail price. It is a question of ethics. NNPC imported the fuel, and not the marketers.

Now, please don't bother to respond. You would be doing me a great favour by staying out of my mentions.

omohayek:
1. I read the article, with plenty of "context". I've been following this story for several years now, so I have as much context as anyone - probably a lot more than you do.
2. There's no magical "context" required to understand that when you cap the price of a good below the true market clearing price, there will be shortages and market distortions. All the verbose "explanations" you've offered do absolutely nothing to cancel this basic, iron law of economics.

You are typical of the Nigerian mindset in wanting to reduce a matter of basic microeconomics to an issue of morality, with "evil" and "greedy" marketers supposedly "lying" about this, that or the other. If they are making the extraordinary profits you seem to imagine, why aren't you raising the funds to get into marketing yourself, rather than complaining about them on Nairaland? Why are you passing up such an easy, risk-free way to get rich overnight? It's not as if the barriers to entry in distributing petrol are super-high, so what excuse do you have for sitting down and doing nothing instead of providing competition to all these "lying", "greedy" marketers and their nefarious "cabals"?

It's funny how all of you who are so quick to hatch conspiracy theories about "marketers" and "cabals" never ask yourselves why these fuel shortages only seem to happen when the international price of crude oil rises above $50/barrel or so. If you had an ounce of intelligence to share between you all, perhaps you'd even ask yourselves why these marketers and cabals only seem to become "greedy" at such times, rather than being "greedy" all year-round. Surely "greedy" people want to make spectacular profits every day of the year!

I decided to reply you with as much civility as possible, because I believed initially that you were a civil person, who believed in decorum. I guess I was wrong. You have chosen to cast aspersions and jump to conclusions about a person you have never met, out of some misplaced sense of aggression.

Words like " You are typical of the Nigerian mindset ....what excuse do you have for sitting down and doing nothing....If you had an ounce of intelligence to share between you all.." all show the kind of inner angst & irrationality, that fuels your thinking. Those who take refuge in insults and rants, in order to score cheap points do not deserve any respect from others.

Am done with you.

Xano:
Interesting

PH depot sells between #143-145 per litre. Trucking(cost inclusive)from PH to Southeast(Ebonyi, Enugu, Anambra) is about 6-7hours. Now, calculate the profit for filing station owner.

Southeast oil marketes, most sell at #143-145 per litre when there is no scarcity.

This December, like other previous years, except 2013, there were days of no PMS at PH and Warri depot.

Source for information before you criticize.

PH Depot sells at less than 143 - 145 to the registered, independent marketers, at source. I am not talking about 3rd party sales, that are transacted outside the depot gates by middle men and resellers, who create their own black market. Trucking cost from PH to SE states, is how much per litre? Do the math, please. Then tell us how they can justify selling at 250 per litre, if not for their greed.

engrchykae:
The DPR man challenged the southeast marketers to provide evidence that a particular depot sold the products to them at an exorbitant price.
We are our own worst enemies.
Please dpr and buhari should permanently revoke the license of erring marketers

Don't be surprised, they won't be able to provide that evidence. Na today?

omohayek:
What a ridiculous article, complete with all the lazy cliches so loved by Nigeria's pathetic excuses for journalists (including the usual nonsense about someone or other "storming" something). Only in failed states like Nigeria does it continue to be believed that price caps can be made to work: the only sensible long-term solution to Nigeria's fuel shortages is to completely deregulate prices and participation in the sector, otherwise you end up like Venezuela, which has the world's largest proven oil reserves, yet its people line up daily for items as basic as toilet paper while its children are suffering from mass starvation.

It really is a shame that no Nigerian "journalists" seem to have even a glancing acquaintance with rudimentary economics.

Please read the article again, within the proper context. These marketers loaded trucks of fuel from NNPC Depot according to the manifest reviewed by DPR. Now, NNPC Depots sell fuel to the marketers at official discounted rate, so they can resell at their stations at an approved price per litre.

Instead of doing so, the marketers are selling at exorbitant rates way above the approved rates, by claiming they got their stock at a high price from other sources. Obviously someone is lying here. If according to the manifest from DPR, these marketers actually loaded fuel at the official discounted rate, then why are they extorting motorists by selling at black market rates? What is going on?

A few stations such as Stanel are still selling at approved rates after loading vfrom NNPC Depots. So why are others selling at higher rates, after loading from the same NNPC? That is why DPR is closing them down. They need to do more investigation in my opinion, though...

Nasir123:
I see.
Tell me one thing that is easy to get by the common man in this country?
You want a job,your brother must be a commissioner. You are qualify for a contract, but you need somebody from the Senate/house of rep. Are your sure you're in Nigeria?
Let me tell you something (not this easy talk you're given out). The present policy of these modular refineries is in a right direction even if we'll still want the government to do more. People like you should not denigrate it simply because you're not comfortable with it.
Those so cald elite have no right to the resources of this country than the ordinary people like us. So stop this ranting of people taking something that's not yours.
Bring them together, give them some more training and license them to stat doing their job.
Must every body be in Abuja?
Must we all work in government?
What are u doing to those who are not educated?.. Oh! I see.. They don't deserve to exist.
You're not doing anything to help,but you always complained about those doing something for themselves to live. What right do u have?

We can't be the same,and we will never be the same.
Just do the needful.
Good day.

Oga, I asked a simple question but you chose to digress and recite an epistle. Nobody said everyone should get a job in Abuja or that they should all work fir govt., or whatever it was you were ranting about.

There are lots of legal small scale legit businesses, you can do to fend for yourself, without breaking any laws. Stop trying to justify stealing of crude and illegal refining, by trying to drum up support for it. Illegal refining, is nothing but criminality. Period.

darqly:
FBN ? NO, too big to evolve as fast as they ought to.

GTBANK? NO, workload is crushing, there's wide disconnect between management and staff, and welfare is just s**ty.

And you think workload in Access bank is not crushing? GTB is just a learner when it comes to crushing workload. They should get tutorials from Access....

Emmaesty:
This makes sense rather than claiming that the incessant promotion of the recruitment by the staff is because they don't want the opportunity to pass others by.

I have always known Access Bank to be Modern slavery with little or no work life balance and crazy deadlines. Most people want to leave immediately their bond expires. Even the training school is hell.

The only catch is that the bank pays well. That's all

Very true! They have high attrition rates when it comes to staff turnover!

ebig21:
Women don't like to be equal to man when it comes to a challenging and mental work, they always like to challenge man in an a.c work, I have never seen a woman vulcanizer, I have never seen a woman block moulder, dey always challenge man in office work and be claiming equality up and down

Please keep quiet and hide your poor level of exposure. A few years back, I had a couple of women working on my site in Lagos. 3 of them carried headpans filled with sand and cement, and worked really hard as labourers. Another one was a bricklayer. And the 3rd one was an electrician.

The bricklayer actually had a HND from a polytechnic, but couldn't find a job. She was later employed by another construction company not far from my site, as an assistant project manager.

When it is time for decking, you would often find women working as part of the labour force, carrying concrete in their headpans up and down for the construction of the decking, especially in many parts of Lagos. So stop saying what you don't know.

KillerBeauty:
For warri, ughelli, and sapele Na women dey mould block.

Thank you for telling him the truth, my brother. Even in the SW, there are many of them.

kaffy4tope:
Awoof

Awoof means that something is going for free. So if a customer comes with empty hands to buy this car, you will sell it to him for free, right? Is that why you refused to put the price?

jaxxy:
Clean Tincan cleared Toks
Leather seats
Navigation
Cd loader/fm
Factory Ac
Rear vents
Sun roof
Fog lamps
Alloys


Price is 5m


U can reach me on 08028115668. Thx

Beautiful car.....but unfriendly price!

bigdeals:
08088525399
First body

I like this car. But I live outside Ibadan. What can be done?

Dexema:
OK, that explains it. Guess you are resting now.
U work in a hospital or something?

No, telecoms.

DerideGull:
Anybody south-east of Ore, except Edo, is Igbo to Yari.ba peeps. The Yari.ba are inherent cowards. Ordinary group of marketers is rendering Yari.ba completely disorganized.

Now, how do we describe the Eboes/IBO's??

tifany89:
I'm pretty sure u didn't even read the write up , just the heading and you v jumped to start arguing against the Igbos, if u read the write up and understand the purpose of the group , am sure you wouldnt have asked that question. They are seeking to be treated fairly and one of such ways is the reduction of imposition of higher taxes on non indigenes. I'm even surprised hearing this. You claim you want one Nigeria but you divide the country more by your actions. Even in Benin everybody both indigenes and non indigenes pay the same amount of tax/levy to the government . There is no discrimination on that basis and that's how it naturally should be. You think Igbos are the problem but seriously you guys are .

What kind of an excuse is that? Do the indigenes of Ogun state pay lower taxes? Is there proof of that? Everyone pays the same level of taxes! And if they have proof of discrimination, it should be challenged in court. That is what sensible people do.

Dexema:
Are you a nocturnal being? I mean from the timing of your posts.

I am on the evening shift this month.

Wiseandtrue:
These questions are what you should bombard FG with if you really wish to know

Then don't forget to ask him what better alternative he used in ameliorating the problems abi do you think that good governance is all about identifying problems
SMH

See this one. You made big claims. Now that you were asked to substantiate it, you are dodging the issue like a headless chicken. Go back and read what you just wrote. Does it make sense, even to you? You want FG to be bombarded with questions, when they were not the ones who set up the illegal refineries, in the first place. In your view, good governance is about supporting those who steal crude and refine it illegally. Smh...

Dexema:
Just free him, I'm sure explorers has a reason for ignoring him. BTW can I ask you a funny question?

What?

Nasir123:
Illegality or not.
My point is,give these guys the license and see what they can do.
Stop this "no one can do it except expatriate" mentality. If u give these guys the chance why you do the monitoring, you'll be amaze of what Nigerians can do.

God bless Nigeria.

Give them a license to do what? Steal more crude? Or pollute the environment? There are processes for obtaining a license to set up a private refinery. Let them follow it and get one, if they are interested in doing the right thing. Nobody dashes out licenses!

tdayof:
BOVAS refines her oil and currently sells at #143. Tell

Which refinery does BOVAS own?? Where is it located?

Nasir123:
I understand everything you said,but I want to be one of those who still have other view to it.
Do u know some of us now manufacture local kerosene?
Some places here in Bayelsa,local kerosene is more common than the normal once.
Just do your findings. I still believe these private rifinaries will help.

We all can't just loose hope on everything. Its not gonna help.

You manufacture kerosene? From what? From the local crude you got, by breaking pipelines? And you are here...feeling cool about such illegality.

Wiseandtrue:
But FG destroyed all private refinery in ND

Now ND is suddenly on their mind

The most confused government I have seen in history.

I am hopeful for the best shall. Hmmmm

What private refinery in the ND? How many barrels of PMS, AGO, HHK, LPFO etc were they producing? What was the technical capacity of the refinery? Who were those running it? Who licensed them?

edupedia:
...give the name of one of such private refineries in ND inspected and previously approved by FG or carry you lielie to your village and bury it in shame by new year...

In fact, that was the same question I just asked. People just recycle any funny story that enters their mind, no matter how fake it is.

pocohantas:
Na only broke guys dey obsess over pussy mileage. Correct made guys look out for women that'll compliment and respect them. If she is a virgin, refurbished virgin, undercover virgin, fine...but, they have no time to bother over frivolity. I didn't say refurbished olosho, that one is a different case.

Where are all the guys that were bashing her on behalf of Ikechukwu?

See one above me
They are ready to turn prepaid meter and install themselves inside your pussy. That's why they don't have time to make money. Rich men know the secret, they chase bills.

If my comment pain you, hide your face .

What you said is so true, about how "Correct made guys look out for women that'll compliment and respect them." Can't you remember Oshiomhole and his new wife Iara?

jomonic:
I have told you the reason why Nigerians migrate to Lagos. All Nigerians irrespective of tribe do so for many reasons including to assess business opportunities which abound in Lagos. How else can one say this for you to understand. Non Igbos are welcome to stand elections in the South East. It will pave way for integration of all tribes in Nigeria. You sound very angry and I honestly don't know why. We pray you mature into wisdom to understand what one Nigeria actually meant. The one Nigeria that you had to shed blood for it to be attained, and take disproportionate advantage of as part of your war booty.

I have no doubt in my mind that thoughtless and weak minded among you will meditate xenophobic action against non indigenous people with indifference or support of the establishment. But I tell you my brother that it will be your end, so just delete that thought from your mind. The dramatic upset it will bring into the affairs of Nigeria will humble your arrogance for ever. The international community will not watch idly. The Tutsis suffered but at the end the Hutus bowed in shame for their bestiality. Nigeria will not be different.

You people exhibit paranoia at the slightest issue. You are making wild claims about how some people have meditated xenophobic action against non-indigenous people. Please did this meditation take place in Lagos or Ogun state or other parts of the SW? Didn't your brother KANU do the same thing when he was dishing out abuses and insults against other tribes, using the platform of IPOB and Radio Biafra?

From your explanation, your people migrate to Lagos for several reasons. Why do they migrate to different parts of Ogun, Osun, Ondo, and Ekiti states? Do those states also host the political and commercial capital of Nigeria?

As for your claim that: "Non Igbos are welcome to stand elections in the South East. It will pave way for integration of all tribes in Nigeria," ....you know quite well, that isn't true. Not in this day and age. If you want to lie small, tell stories that are believable, please. Not the kind that a 5-year old would hear, and shake his head in disgust.

Dexema:
This sounds more like an insult to me, more like you only Care about the monetary value his hobby can fetch you.

Exactly!! Am glad you too, can see where he is coming from!

kokomaster3d:
This is not exploitation. I didn't force him. He has the right to say no or yes. I still wonder why you are concerned about matters that doesn't concern you. Better face your business and leave people's matter.

Oh, your attempt to trick Explorer has been exposed, and you are now offended? Good.

FYI, I am concerned because Explorer is someone I respect, and as a good neighbour I must watch out for him. Can you imagine how much better this world would be, if everyone watched his neighbour's back?

Jointhemiltons2:
Madam can you stay with a bf who cheated on you with your friend and your friends sister? So what is her reason for still sticking with a guy who cheated on her

Did anyone tell you my gender? So why are you calling me, madam? And where was it written in that story that she was still sticking to him?

What if a mutual friend of theirs', had invited the guy to that birthday event, without telling the girl, thinking that he was doing them both a favour by presenting them with an opportunity to reconcile, only for the guy to now surprise everyone with his proposal?

This was the same way one clown on this thread said that the guy, bankrolled the birthday party when there was nothing like that included in the story! Why do people jump to conclusions, anyhow?

kokomaster3d:
I wonder why this matter pain you. Are you his manager?

I don't have to be. I can spot an injustice when I see it, and I can recognise exploitation in different forms. I do not hesitate in calling out those who practice it.

Gazzy88:
The simple question why are you obsessed with Lagos? Why are you lots leaving your region in throngs to Lagos? Why not move up north to states like kano,Kaduna and others so as to contest for a political post under the pretext of "one nigeria"? Why are you resenting a non-igbo candidate in south east politics why you're poking in another man's land politics? We all know the answers but you've failed. So you think yorubas will just sit back and allow some set of migrants to hijack rulership in their domain? Do you guys even think things through before saying it out? Why are you so dumb? This is what led to the decimation of the Tutsi tribes by the Hutus in Rwanda. That's the kind of treatment you want and you will get it in full. The sensible among you Igbos won't call all of you to order now not until water don pass garri then will now be shouting marginalization up and down. You lose the civil war and you will loose again this time around. Perhaps this will lead to the total decimation of the igbos because we can't take it anymore. Enough of this idiocy.

Leave them. The day they win election as a councillor in Sabon-Gari in Kano, or within Birnin-Kebbi, we would take them more seriously. They get away with this silly stunts in the SW, because the Yoruba's tend to play fair with them.

kokomaster3d:

Haba but Nairaland no dey pay am kobo Na for all these informative posts. Even though Nairaland money wella. But we fit give am something for data and recharge card sha

Meaning.....what, now? So because he does it free on NL, at his own time and expense, you want to capitalise on that and use his services for free on your blog? What kind of a scheme is that? You are one of those who would subject a talented man to penury, if you had the chance....

You want your blog to get increased traffic and make more money, but you want to pay Explorer a pittance, in the name of recharge card, for helping you achieve that! What kind of agbari are you trying to use for him, here?

modik:
Where is the last bus stop of all bulk passes?

Isn't it on the table of the substantive Honorable Minister who at the same time doubles up as our President..?

Where is he now when mostly needed by Nigerians?

The buck stops on the table of all those involved in this debacle. From Buhari, to Kachikwu, Baru, DAPPMA, MOMAN, NNPC, IPMAN, independent marketers, dealers etc., ....everybody!

When things were good, some of these characters assumed a larger-than-life personality in the oil sector, demanding to be given some huge recognition, for their roles and importance in the industry.

Now that things have become challenging, instead of stepping up to the plate and providing concrete solutions, they have gone dumb. Those who are not dumb, are pointing fingers at others, instead of devising solutions and implementing it. I repeat: Thunder fire all those responsible for this hardship!

kokomaster3d:
Explorer please can you write for our blog pro bono

Pro bono? Why? Nigerians too dey like free things. Pay him something to cover his time, data and efforts. It is only fair.
Isn't your blog going to witness increased traffic and more revenue, if he starts writing for you?

olokeded:
Lagos State Governor, Mr. Akinwunmi Ambode; Commissioner for Information & Strategy, Mr. Steve Ayorinde ; Chairman, Lekki Local Council Development Area, Barr. Mukandasi Ogidan Commissioner for Waterfront Infrastructure Development, Engr. Adebowale Akinsanya and Special Adviser to the Governor on Finance & Audit Control, Mr. Adeniyi Popoola during the Governor’s inspection of ongoing projects in Epe, on Wednesday, December 27, 2017.

http://www.metronaija.ng/photos-ambode-inspects-projects-epe-lagos/

cc: lalasticlala mynd44

He should just fix the road that connects Epe to Ibeju-Lekki. Haba! That road is just bad. And the road connecting Ijebu-Ode to Epe is the worst! Ambode is even trying, but what is Amosun doing sef? Does Ogun state begin and end in Abeokuta and Otta??! What about other local govt areas?