₦airaland Forum

tucky200:
They criticized jonathan for allowing terrorism get worst to d extent we are relying on neighbouring countries for help




And this time we got no much option dan to work with them

Quit behaving like a toddler throwing tantums because he is not allowed to have his way. Buhari went to seek cooperation with neighbouring countries to deny Boko Haram safe havens in their territories. He did not go to ask them to come into Nigeria and fight our war for us.

We have been complaining that Boko Haram attack Nigerian cities and run into Cameroon, Niger and Chad. It will be impossible to defeat Boko Haram if we do not block them from running into neighbouring countries.

Chad and Niger had been complaining that the Nigerian military was not cooperating with them fully in the fight against Boko Haram.

For Buhari to travel to Niger and Chad to discuss Boko Haram a day after inauguration shows his seriousness in fighting the insurgents unlike the previous government who waited till 6 weeks to elections before getting serious about fighting insurgency.

Although kidnapping is a serious offense, i do not believe it is worth the dealth penalty. If you suggest death penalty for kidnapping, then what do you suggest for murder, armed robbery, drug trafficking, human trafficking, oil bunkering and the father of all crimes - official stealing? You are invariably suggesting that all criminal offenses should attract the death penalty.

It is stealing by public officials that is responsible for the unreasonable rise in violent crimes like armed robbery and kidnapping couple with an equally corrupt police and judiciary. In the Nigerian system, it is only the poor foot soldiers that would be tried and killed, the rich kingpins usually buys their way out of justice.

Ikwerreboy:
Copied from Niger delta republic movement facebook page, Posted by one of its member, Hit like if you support there freedom, your comments are also welcomed...



75-80% of nigeria's income comes from crude oil. Now this 75-80% is been used to manage the entire 36 states of this fraud called nigeria, Billions are also been stolen by different politicians across the 36 states including at federal level all from this 75-80% income generation from the niger delta region, Nigeria is rich today is because of the crude oil in the niger delta, have you ever imagine that if by the grace of God our freedom is archieved, all these money generated from niger delta crude oil,that is been used to run the entire 36states and also been stolen in billions by politicians is been used alone by the six (6) south south states properly? I think a niger deltan will be recieving not less than 50,000 monthly as a university student, i think lack of payment of salaries will be like a white horse, i think job oppurtunity rate will be so high that it will keep every niger delta busy be it a graduate or not, i believe with the number of states that will be created with the beauty of its capital, niger delta wil eventually be the dubai of africa, add yours if you throughly support Niger delta republic and not the fraud called nigeria,..

Believe me, the problem of the Nigerdelta, cum Nigeria, cum subsaharan Africa is not money. It is lack of visionary leaders, lack of high level management manpower and lack of purpose except primordial material Aggrandizements. With the amount of money that currently flows into the Nigerdelta from oil companies, Local Governments, State Governments, and the Federal Government (13% deriavation, Nigerdelta ministry, NDDC and amnesty program), Nigerdelta should be closer to Singapore if not Bahrain, but we are as impoverished as Bangladesh. No Nigerdelta politician that is not a millionaire, even a supervising councellor in any local government in the Nigerdelta that does not have up to 50 million Naira in his/her account. Local government chairmen are worth hundreds of millions.

Tell me who will manage the 100% oil money if given to the Nigerdelta, Ibori, Uduaghan, Edwin clark,Dokubo or even Jonathan?

Even if you give the Nigerdelta a billion dollars every month, the leaders would only get richer and the masses poorer.

gboss4sure:
Biafrans are peaceful people, we only attack if we are attacked first.

We are not interested in war, we are only interested in Peaceful living, Good living and business.

Nigeria is not offering us that, thats why we want out peacefully. That's why we are calling for a referendum but it still doesn't mean that the option of defense is not on the table.

We have tried breaking down the unjust system of governance for over 50years but the few benefactors are not willing to let go, so i think is better to let them go.

Believe me Biafrans do not have the ability to attack if attack first. You do not even have the ability to defend your selves. War takes preparation, years of preparation and i am not aware biafrans have been preparing for war. Where is your army, your airfoce, your waeapons and most important your international allies. You do not wait to be attacked first before preparing for war. That was the mistake Ojukwu made in 1967, it was only a matter of time before he lost the war.

Nigeria is short changing all of us, except a few politicains and businessmen - across all tribal and religious lines. Is our division that is stopping us from utilizing our collective strength. Southern Nigerians are too divided to make an impact, the day we all speak with one voice, Nigeria would begin to change positively. We are still suffering from the devide and rule tactics left by the British and a Biafra would not stop that.

gboss4sure:
Support the dumb igbos to leave Nigeria. We are only interested in leaving with Abia, Imo, Enugu, Ebonyi and Anambra.

But una no go gree because you guys know that once we leave Nigeria, Nigeria will be gone as most SS states will go with Biafra.

Under Biafra, every state will manage their resources themselves and remit a small percentage to the federal.

Abia will manage their oil and other resources.

Imo will manage their oil and other resources.

Anambra will manage their oil and other resources.

So will other states do under Biafra.

You so hate us dump igbos, Support Biafra, Help Igbos to champion the fight for Biafra.

The same reason we can't afford a Biafra in Nigeria is the same reason we can't afford an Islamic Caliphate in North east Nigeria, it will distabilize Nigeria and the whole West African sub region. A country based on tribal or religious hatred is a very dangerous thing. Take a look at other countries that seperated based on political, religious or tribal disagreements. Look at South/North Korea, the countries are technically at war, it is only the super powers that are maintaining the truce. Look at Taiwan/China, it is the US that has prevented China from over running Taiwan. Look at Sudan/South Sudan, the new south sudan started a bloody civil war immidiately the independence celebrations died down. The Ordinary South Sudanese are refugees in other countries including Sudan they gained independence from. I can name many other countries that are unstable as a result of seperation.

What we should be spending our energies on is breaking down the unjust and unequal political and social system inherited from the British and formulate a better system where each region, tribeand clan can determine its own destiny.

Abia, Imo and Anambra has not shown any ability to be able to manage rescources. The free Oil money they get from Abuja is mismanaged like all other states in Nigeria, so how do just a change of name to Biafra give them the ability to manage rescources.

Who is going to manages these rescources? The present day politicians or you intend to import managers from abroad.

@ OP

Thank you my brother for telling your people the naked truth, biafra is an ill conceived idea. Even Ojukwu and his family believe more in Nigeria than Biafra. It seems the only people that are shouting biafra are misguided juveniles and touts, I have not seen the Igbo political, business or intellectual elites talking about biafra.

A few disgruntled individuals should not lead the igbos into the same mistake Germany made, they felt they could win a second world war 25 yrs after losing the first. They were roundly crushed and the second war was more devastating than the first. Now Germany is wiser and have dominated Europe economically and are the main proponent of European integration.
Because of their trading nature, igbos should be the ones seeking regional integration instead of trying to isolate themselves into a tiny landlocked country.

Pamcrest:
Ah, I no wan talk ohh.
Before she married Danjuma, Daisy was actually married to a man and had four children for him, all grown up now. The husband used to work in Shell but she suddenly left him to marry Danjuma whom she apparently had been cutting shows with. Anyway she dispatched Danjuma's wife n took over. She then had a daughter for Danjuma. Her erstwhile husband fell very sick n has been in coma on life support in a UK hospital for many years now. She has refused to consent to removing him from life support. Daisy is enjoying her life biko........she no send ohh!
My humble submission

Your humble submission is not exactly correct. Daisy's first husband was Mr Ominai a shell director, Dieziani Allison actually worked under him. Anyway Daisy never cut shows while still married to Ominai. They were seperated around 1984 and daisy moved out of their matrimonial house. She got a Job as NTA's secretary and moved into a government provided 3 bedroom flat. It was during this period that her husband was involved in a helicopter crash and was in a coma for many years - close to two decades. He has since woken from the coma, he was present during the last wedding of their son about two years ago at Eko Le Meridian.

Daisy also met with General Danjuma around the late 80's and started a relationship. The have been together for over 20 years but only got married about 4 year ago.

gohome:
So in other words, Apart from rashes for your kids removal of subsidy on PMS as no major economic impact right?

Why are you now being sacarstic? I said petrol affects every facet of our lives and its cost places a great strain on the masses. You mischievoulsy ignored where i wrote that power is essential for their homeworks.

I was responding to your analogy where you implied that fuel for the home is a luxury that can be dispensed with, i was telling you it is a neccessity.

I have not even gone into how much i spend in my office daily.

gohome:
It wont. Everything manufactured in Nigeria run on Diesel not PMS. Event services (Bank, entertainment, Hotels) run on Diesel.

And the Diesel is not imported energy? Petrol, Diesel, Aviation fuel and Kerosine are all imported energy. Manufacturing companies should not run on diesel, if you do you will not be able to compete in the international market. Diesel is a very expensive form of energy. Industries in industrialized nations run on electricity or in the alternative gas. Even homes in Europe run on gas for hot water and heat during winter, it would be too expensive to run on diesel.

atlwireles:
Please name one globally traded commodity produced in Benue, that is cheaper in Benue than Lagos.

Cashewnuts, seseme seeds and soya beans.

gohome:
How do kids in Togo sleep?

Believe me, i don't know and don't care. What i am telling you is my own personal experience. I want my children to get the best possible education i can provide to make them able to compete in this globalized world, and enegy is a crucial part of that education.

mandarin:
I don't agree with you sir or ma. If you have 110millionpoor people that you want to take out of poverty, you don't take them out of poverty by making them pay more. For every liter of petrol that sells higher you take more from them but what they need is not spending more but saving more. You are increasing their cost of living and when a tailor who needs to power hie electric sowing machine to sow for cloth for Uche or Sami, they will pay more. Who do you think get richer when more money leaves your country? Those countries where you import, they will have more jobs for their citizens and expand their own economy.My brother, concerted efforts are required to move the economy forward o

Thank you. This is the message i am trying to pass through. We cannot depend on imported energy to run Nigeria. That cost would reflect in everything manufactured in Nigeria and you will lose jobs to other countries. Our industries are running on foreign raw materials, foreign equipments and foreign technical manpower, we cannot afford to run on imported energy.

gohome:
You are the head of your house, and you have an annual budget of 100 naira. Rent in a dilapidated house is 20 Naira. School fees is 20 Naira. Transportation to work and school is 30 Naira. Fueling your generator is 30 Naira. Let say you want to start up a new business to increase your income and as such you need to save 20 Naira. You also need to move from your present apartment because the ceiling leaks water any time it rains, which will require you save an extra 10 Naira. You took a loan from the bank, and the monthly deduction is 10 Naira. You have relations that cannot run their family and they have come asking for money because the landlord is about to evict them from the house. In the middle of all these, Something happened and your annual budget is reduced to 50 Naira. Will you keep paying for fuel to light up your house while you cannot pay rent and your kids can not go to school?

If you continue to pay for subsidy, your kids wont go to school, your medicare will be moribund. No roads, no bridges, no refinery. Your Country can not afford subsidy. You are borrowing money to pay salaries, you military is under funded, you do not have reserves, no infrastructure for food and fuel reserve. You wont last one day in any war.

Very poor analogy. Why? Because power is critical in modern society.

Now lets go back to your example.
In the example you provided the family cannot survive on N100, they would have to augment their salary in order to meet the basic requirements of a modern family.
Let me use my Family as an example. My children get back from school and lesson around 5PM, they eat and shower, most times my wife would have to switch on the generator to pump water into the overhead tank from the borehole. They take a 30mins rest and start doing their home work, by then it is almost 7 and getting dark. So by 7.30pm the generator would have to be switched on to enable them do their home work. By 8.30 they go to bed, but the weather is usually too hot for them to sleep, so we have to leave the generator on until about 12 midnight to enable them to sleep deep before switching of the generator. Even at that my two youngest children breaks out in heat rashes often and i would have to buy various remedies to help relief the itching.

So whether i like it or not, i spend 500 everyday on fuel just to run my gen for 5 hours everyday.
Now, if you do not provide these basic energy needs for your children, you might end up having disfunctional children.

atlwireles:
The day Nigerians realise crude oil and its products are commodities, not a social welfare reengineering tool, our problems in this sector will not dissipate.

Believe me, crude oil and its products is a social engineering tool. Countries go to war to control oil fields. There are usually social upheavals in most third world countries that attempts to increase fuel prices.

gohome:
Most OPEC economies do subsidy. The good thing about is that while some have a much more diverse economy, others have smaller population.

The UAE is 8 million migrant and 1.4 millions citizens. Budget is in excess of 4 trillion Naira. Economy is so diversed that only 4% of oil revenue go to Dubai city budget. If AkwaIbom gets 4 trillion annually, let me see how it won't be Dubai with free fuel.

i really do not know how to explain to these guys that we cannot afford it. No country with a population of 150 million plus pay subsidy on PMS.

Let them keep hiding under masses. Borrowing money to enrich few rich men. Sometimes I feel like disowning this country. People you try to help are the same people killing you.

Thanks gohome, your posts are putting some lost glory back to nairaland. Those good old days when we had good intellectual joists. This was before it degenerated to tribal and political "roforofo" fights between Igbos and Yorubas and PDP vs APC.

Having said that, i am a firm believer of cheap energy cost, this is because we have abundant energy in africa. As Fela says "energy for Africa... plenty plenty energy for Africa.... Energy for sun, energy for moon, energy for oil..." And i will add energy for Gas, energy for water (hydo), energy for ground (geothermal). We have abundant energy. What we lack is abundant manpower, visionaries, planners. We should not and never buy energy at the same price other continents and countries are buying it. I do not expect Gas to be same same price in Russia as it is in Germany. Russia is even supplying its former USSR countries at subsidized rate.

As I said the problem we have is bad and visionless planner apart for them being corrupt. A good Energy planning can give us an energy mix that is less dependent on petrol and diesel. It is it an irony that year to year our rivers are over flooding and yet we lack hydo power? apart from lacking drinkable and agricultural water. It is a unpardonable that we consume 40 miillion litres of petrol per day, how many cars are actually in Nigeria? We should not be running our homes, industries and offices with diesel and petrol. We should not be transporting manufactured, imported products and even the same fuel with petrol. Every individual should should not be moving around in single cars, motorcycles or tricycles. We need to go back to the drawing board and plan a transport system befitting of a modern state.


That is why i always accuse you of not looking at the big picture. Private investors cannot and would not build refineries unless government promises them "subsidized" crude. Refinery business is not a profitable business, if the crude is bought at international prices. The margins are extremely thin and the capital investments are extremely huge. If i have $2billion, i would rather leave the money in a bank and collect 4 - 5% annually or better still invest in a government bond, than invest it in a refinery.

Now let me let you on a small secret, lots of refineries depend on black market (stolen) crude to make good profit. The Nigerian coast is a beehive of activities for stolen crude. There are foreign agents (lebanese and Europeans) waiting brief cases of dollars to pay for anyone who can get into international waters with stolen crude. These agent then go on and sell these stolen crude to refineries in Europe and the Americas. Why i am telling you this is to let you know that refinery business is not very profitable business. Government need to maintain the existing refineries and build new one as a social responsibility to Nigerians or in the alternative sign a MOE with investors willing to invest in refineries that they would sell crude to them at "subsidized rates"

Countries use fuel (petrol) as a sort of micro economic tool. Western rich nations use it as a tax instrument to try and reduce social inequalities (poor people hardly buy petrol, it is the rich people that want the luxury of driving cars that buy petrol), while in not so rich countries where the poor needs to buy petrol petrol is made affordable to reduce social inequalities between the rich and poor. Nigeria falls into such a category. In a country where the minimum wage is N18,000 and this minimum wager would need to fuel his "okada", fuel his "i batter pass my neighbour" enter a petrol driven car or bus to work and buy kerosine to cook his beans, asking him to pay international price for fuel is unrealistic.

gohome:
450,000 for domestic consumption does not fall from the sky. You have to produce it. It cost 30 dollars per bbl to produce it. Depending on the oil price, you will likely lose 9 billion dollars a year. This is minus the so called subsidy. With an infrastructural decay that needs hundreds of billions to solve, you want to pay subsidy? You are in a country where the government expenditure per person to tax is the highest in the world and you want to still pay subsidy. Your economy (mass transit, banks and industries) runs with diesel not PMS.

What is the population of the UAE? You are 170 million boy. It is not affordable.

Your budget is a mere 4 trillion. Guess what the budget of New York City with 8.9 million people alone is 15 trillion. Your government is poor, it needs money from anywhere. Help it.

Help it create a level playing field to unlock new opportunities. If we show investors we can buy fuel at 200 to 250 naira a liter, you will see them come. We then will be talking about 200K direct jobs easy and another 5 million indirect jobs.

Your country is poor. You need to start paying 30% tax so your government can run your country.

Buhari will not pay a dime on PMS subsidy. Petrol will sell at 1.1 dollars per liter. Unless he wants to throw away 9 billion dollars (465000 bbl) another form of subsidy. You won't die. My grandma in the village buys petro at 210 per liter, food are transported via diesel, mass transit is via diesel, industry via diesel. Nothing will happen

Yes, 450,000 for domestic consumption will not fall from the sky, it has to be produced. Are you telling me that NNPC cannot produce 450,000BPD for domestic production, either solely or with partnership with local or foreign companies. You people talk as if NNPC and Nigerian government officials just receive salary and allowances for sleeping in their offices. Some local oil exploration companies produce well over 100,000BPD, for example T Y Danjuma's SAPETRO produces over 50,000 barrels per day, so why cant NNPC produce N450,000BPD?

I doubt it can cost up to $30 to extract Nigeria's crude from the ground, Oil prices fell to just below $40 a few years ago, so it would be absurd to suggest that the government and oil companies will only share $10. Furthermore until this new democratic dispensation, crude prices never went beyond $30/barrel. Under Abacha government it hovered around $16. It even fell then as low as $12/barrel.

How can producing 450,000 for domestic production lead to $9billon a year loss? Your argument is very weak. The 450,000 does not affect our OPEC quota, so it is not gotten from our export quota. We are even finding it hard meeting our export quota of 2.2millionBPD due to having difficulty in finding new markets as the US which used to buy 40% of our production has stopped buying from us. So what happens if nobody buys our crude oil? are you going to see that as a loss? Iran has been under oil sanction for over a decade and they are surviving and even building nuclear plants, so what are you talking about? We should be investing in increasing our oil production to over 3millionBPD, after selling our export quota, the rest should be refined for domestic consumption and export.

Please explain what you mean by "You are in a country where the government expenditure per person to tax is the highest"I do not know what expenditure the government spend on me. I provide my own water, i provide my own security, i provide schooling for my children, i do not get housing or food subsidy. To make thinks worse, i pay 5% vat on all goods and service, i paid 45% import duty on my car, i pay import tax on every thing i consume, i pay company tax, income tax, local government taxes. The government does not give me any thing free of charge, even for driver's licence (a mare ID card), the government charged me over N12,000.


You avoided my questions about the effects a N220 price of fuel would have on inflation and the value of the Naira. If you study all past petroleum increases, the arguments had always been the same, but the economic effects had been a reverse of expectations. Fuel increases always lead to inflation and devaluation of the naira, rendering the increase useless in the first place. At present our manufacturing sector and service sector are groaning under his production costs, increasing energy cost will finally kill off the few industries we have left. The social effect of high energy cost induced inflation is better imagined that experienced. NLC would seek wage increases, Doctors would seek an increase, in fact government would not be able to cope with increased wage demands.

The state of New York's budget is N15 trillion because a substantial part of its 8.9 million population is rich. Nigeria is poor because a substantial percentage of the population is poor. You cannot have a rich country when its people are poor, this is because the wealth of a people lies with its people and not its natural resources. Nigeria is poor because you and the government believes the country can be rich by selling crude oil alone and disregard its people. No amount of crude oil can make Nigeria rich, Nigeria's actual wealth lies in its 170million population. A high energy price would further impoverish the people thereby further impoverishing Nigeria.

gohome:
This analysis has been done by so many Nigerians. It has been done by your neighbors, Ghana, Togo etc. It has been done by your felow African brothers like Kenya SA. The world bank too has done this shockingly. The Average Price (landing cost) of crude oil is +/- 1.1 dollars per liter. It can vary based on Transportation, grade of refine products and taxes.

The analysis was done using wrong parameters and premises. Nigeria own the basic raw materials for making petrol and petroleum products - Crude oil. 450,000 BPD was set aside to take care of domestic requirements, which is not subject to international market price. Nigeria OPEC quota is about 2.2millionBPD, our current production is put at about 2millionBPD, so nothing stops us from removing the 450,000BPD for local consumption. The actual cost of the 450,000BPD will just be exploration, drilling and transportation cost, which should not be more that $20 per barrel. Since we are unable to refine, nothing stops the government from contracting the refining of the refineries abroad and transporting the crude to the refineries and transporting the refined products back into the country.


In the alternative, nothing stops the Federal Government from putting the refineries in order. It is we the masses that makes excuses for government that government cannot run refineries. If we come together and demand that the refineries must work, the refineries will work.

If you do not deregulate, you wont build efficiency in Nigeria. Refining margines are very small with the volatile oil market you have. Big players like Shell BP Total etc would not build refineries if you do not let you government hands off. When Dangote's refinery is ready he will sell to Ghana, Togo and the likes if your Govt does not hands off. Fuel is not cheap. it is 220 Naira per liter. Get use to it.

That is where i disagree with you, deregulation does not lead to efficiency in an inefficient market. Yes, refining margins are very small, that is why i insist that petroleum products should not be left at the hands of the private sector - whether refining or marketing. Availability of cheap fuel must be a fundermental government responsibility as it affects every facet of our lives. Shell, BP, Total, etc cannot and should never be interested in refining, their expertise and interests lies with exploration and exploitation of crude not just in Nigeria but the world over. They are satisfied with the huge margins they make in the 40% they make from all sales of Nigerian oil. If Dangote refinery is ready he can negotiate with NNPC on how much he will buy crude oil, but he must never be subjected to international price since the crude is obtained locally. Besides that should not affect the 450,000 BPD that is meant for the Nigerian people.

Fuel can be cheap, Fuel is very cheap in UAE and most of the Arab countries. Nigerians cannot afford to buy petrol at N220/litre. The cost of transportation of people and goods would sky rocket, most homes burn about 4 litres a day in their generators to get a few hours of electricity. Most businesses from telecommunications to manufacturing to banking depends on diesel. The inflation would be unbearable. The pressure on the Naira would be tremendrous. Devaluation of the Naira would make nonsense of the N220 in no time, as we buyimport our fuel in Dollars. All these while minimum wage will still remain at N18,000.

If you feel we should be paying N220/litre for petrol, how much do you think the minimum wage in Nigeria should be? And how much do you think the various governments can afford?

Thats the good thing about deregulation.

MTN better than NITEL
DSTV better than NTA
NESCO better than NEPA.

If you choose to use NITEL because MTN service is not good, go ahead. If you choose to watch NTA, go ahead. If you choose to use NEPA instead of solar and inverter, or NESCO go ahead.

NESCO is an independent power company in Jos that supplies 24 hours light to its customer

I do not know about NESCO, but Ikeja Distribution Company is horrible. The power situation is horrible and they still have horrible practices like the old NEPA, like high bills, non supply of meters, carrying of ladders up and down, etc.

Like i said earlier critical industries like power and education should not be left in the control of the private sector. It is even a threat to National Security.

gohome:
Nigeria can no longer afford to pay subsidy on petroleum products full stop. Corruption or no corruption we do not have the money to pay. You have to let it sink in your head. We have an infrastructural decay that will take 200 billion dollars to fix, you have annual 'deficit' budget of less than 20 billion dollars of which 40 percent is used to fund lazy states and you want to continue to spend 25% of your the remaining budget to subsidize PMS?

Hope the apology below helps

You are the head of your house, and you have an annual budget of 100 naira. Rent in a dilapidated house is 20 Naira. School fees is 20 Naira. Transportation to work and school is 30 Naira. Fueling your generator is 30 Naira. Let say you want to start up a new business to increase your income and as such you need to save 20 Naira. You also need to move from your present apartment because the ceiling leaks water any time it rains, which will require you save an extra 10 Naira. You took a loan from the bank, and the monthly deduction is 10 Naira. You have relations that cannot run their family and they have come asking for money because the landlord is about to evict them from the house. In the middle of all these, Something happened and your annual budget is reduced to 50 Naira. Will you keep paying for fuel to light up your house while you cannot pay rent and your kids can not go to school?

Before you critic always put yourself in a leadership position and provide practical solution and stops the too much talk

You are being myopic in this your analysis, you are not looking at the bigger picture. This petroleum subsidy issue is mired in so much mystery and confusion that nothing definite can be known unless there is a forensic audit of NNPC and the whole process.
We need to know exactly how much fuel is consumed, how much it cost to buy from foreign refineries, how much it costs to ship to Nigeria, how much it costs to distribute to various depots and how much it cost to dispense in your cars.What are the costs of corruption and innefficiencies in the system, then we will be in a better position to debate whether we should retain subsidy or not.

Having said that, i am not a fan of deregulation in a critical sector like the petroleum sector. There is never deregulation in the real sense of the word in any country in the world, government always regulate to some extent all industries in order to prevent abuse, monopoly and to protect public interest. It is the degree of regulation we should be debating about. "Deregulation" is good in situations with efficient market economy with strong institutions, but had been proven to be disasterous in countries with inefficient or underdeveloped markets with very weak institutions. All you will produce is monopoly or Oligarchy and the masses being at the mercy of a few powerful cabals.

This is what we have in almost all sectors of the Nigerian economy that had undergone deregulation. This is why deregulated Diesel and aviation fuel will never be cheap and available. This is why DSTV, MTN, Etisalat, etc can charge the masses very high tarrifs with very poor services. This is why deregulated NEPA is worse than regulated NEPA. I can go on and on. Before Thatcher deregulated or privatized the British economy, she made sure that the public run enterprises were running optimally and efficiently and very efficient regulatory bodies were in place.

Sorry have to go now. will try and continue later.

tonychristopher:
IGBOS DONT DEPEND ON OIL AND NOT MILITANTS..WE KNOW THE MILITANTS AND ANY IJAW WAR WILL BE FOUGHT BY IJAW..WE ARE OKAY WITH OUR BUSINESSES INCLUDING SAME OIL BUSINESS WHICH WE ARE MAJOR PLAYERS

GO AN THANK IFEANYI UBA FOR SAVING NIGERIA IN THEIR FUEL CRISIS...THAT IS MY VILLAGE MAN IN NNEWI

WHO IN IJAW LAND IS A BIG OIL PLAYER PLS ..REMIND ME...I AM FORGETING



FIOSHING IS YOUR SECOND NATURE, STICK TO IT, LEAVE COMPLEX THINGS FOR US BRO..WE CAN HANDLE THAT



KIDDING I AM

Your problem is "my fathers house is the biggest"syndrome as you are oblivious of what is going on in the oil industry. Who is Ifeanyi in the oil industry? He only operates a tank farm and an offloading facility. If today our distribution pipelines and depots become operational today, ifeanyi Uba would be rendered jobless. Do you know what small Ijaw and Itsekiri boys control in the Niger delta? Ayiri Emami is currently building one of the biggest tank farm near Efie in Warri. Ifeanyi is a broke ass swimming in huge debts, Ayiri or Tompolo would pay off Ifeanyi debts and feed him and his community.

tonychristopher:
IJAW PROMIXITY TO OCEAN HAS MADE THEM THINK LIKE FISHES SO I THINK THEY SHOULD GO BACK TO THEIR SECOND NATURE WHICH IS FISHING...THEY HAVE MARINE LIKE ATTITUDE ..THEY SHOULD LEAVE OIL EXPLOITATION FOR PEOPLE LIKE SW AND SE

It is only Biafrans that can reason like this, maybe the trauma of losing the war is still affecting their sanity.

The exploitation of oil does not affect fishing if done properly according to international standards, most marine communities with oil have a thriving fishing industry (outside the middle east). Norway, Venezuela, Mexico, and even Namibia and Angola in Africa has a thriving fishing industry, so what is wrong in asking Ijaws( and Itsekiris) to go back to fishing.

Jonathan's father was a fisherman, he raised his family with proceeds from fishing. My father was a fisherman, he raised his family from proceeds from fishing not handouts from oil companies or government.

If you can see beyond your tribal bigotry, you will realize that oil exploration is not done by SE or SW or even Nigerians, exploration and exploitation are done by foreigners using foreign equipments and manpower.

You are insulting a whole tribe due to your ignorance.

Why is deregulated diesel scarce and selling for N150? same question for aviation fuel.

Useless thread. Is it the Nigerdelta that produces the fuel that nigeria uses? Or is it through the Nigerdelta ports that petroleum products are imported into the country?
All you wishing Nigerdelta to burn are enemies of the Nigerdelta , it is your houses and lands that will burn and your air, water and lands that would be polluted and rendered useless.

dokyOloye:
add lazy to d list,they are waiting for her to come and spoon feed them.

So which category is Professor Charles Soludo, Dr Oby Ezekwesili and Dr. Pat Utomi.

The most amazing thing is that no Nigerian economist has praised Dr. Okonjo Iweala for her so called brillaint economic acumen.

hansad:
Do You need to be told that Soludo and Ezekwesili are looking for jobs?

Looking for jobs from whom? Jonathan or Buhari? Oby has been asking Okonjo Iweala for a debate for over two years and Soludo challenged Okonjo Iweala to a debate on the Nigerian economy more than 6 months ago. Nobody dreamt that PDp would lose to APC then.

hansad:
Under Iwealla, Nigeria's economy surpassed South Africa's for the first time. But part of Yoruba and media it controlls says it's a lie told by Western Financial institutions to promote Iwealla.
Those Yoruba and their media promoted Buhari (Lol) candidacy to sack Iwealla. Iwealla is going but some Yoruba would not let up.

But lots of Igbo professionals disagree with how Okonjo Iweala managed the Nigerian economy, so why are you always bringing in tribal attacks when anyone find any Igbo wanting? Okonjo Iweala has yoruba supporters while prominent Igbos like Professor Charles Soludo and Dr. Oby Ezekwelisi (who happens to have worked for the world bank also) are antagonists of Okonjo Iweala so called economic brillaince.

noblezone:
Just make sure your vote counts bro.
When the time comes, cote NO.

Like always, I insist it is very possible, to express your opinion, without calling people names.

Which votes? Are you going to put a gun to our heads and force us to vote. Please leave the old Mid-West or Bendel areas out of your land and oil grab scheme. You can take the Igbo speaking areas along with you and if Jonathans people love you people so much, they can go with you.

We have never asked for succession from Nigeria. It is very annoying when an Igbo man feels he can arrogantly impose his nuisances and caprices on the Niger Delta.

utuk:
@Omenka keep ur mouth shut if you can't comment well
Ameachi will have to account for his stewardship if buhari is serious in fighting corruption.

Why are you fixated on Amaechi? Is Amaechi the only governor in Nigeria. What about Akpabio, Uduaghan, Theodore Orji and all other Governors who receive allocations without anything to show for it. What about past Governors of Rivers state? why not ask Peter Odilli to account or his stewardship.

UnknownT:
Who are the commissioners representing in the meeting? Their bosses (governors) of course. The commissioner must always brief the boss once he is back from the meeting. So she didn't say anything contradictory

She was indeed contracdicting herself. Amaechi was talking about the excess crude account (which the governors deem illegal anyway) and she was talking about how much Amaechi received from the federation accounts.

She said the ECA accounts are published monthly, why not direct us to the publications so we can see things for ourselves, or is it a secret publication?

Reinvented:
[size=18pt]In 2013 £1 was equivalent to N252.653. Therefore Amaechi actually received about £1bn from ECA. The ECA is in addition to the monthly allocations. To build Burj Khalifa tower in a desert land, UAE spent £1bn, yet our own Amaechi has
NOTHING to show the people of Rivers. Buhari has a lot of probes on his hands
[/size]

You need to go back to school to learn to read properly. Okonjo Iweala never said Amachi received N257.6 billion from the Excess Crude Accounts, she said @Rotimi Amaechi, governor of Rivers state, received a total of N N257.6 billion from the federation account "

She did not specify how much Amaechi received from the ECA.