₦airaland Forum

BreconHills:
What about NLNG? The gas cargoes are sold as futures. So has Nigeria ever defaulted on a foreign obligation? No. Never. Apart from this the FGN only holds 49% of the equity. The other shareholders are Shell Gas B.V. (25.6%), TotalEnegies Gaz & Electricité​ Holdings (15%), and Eni International N.A. N.V. S.àr.l (10.4%) so what's your point?

Govt may be keeping up with its foreign obligations but it defaults on its domestic obligations and that's why we need to reduce government to an enabler not a player.

If I had my way ( and this may well happen?) I would concession the railways and the tracks and simply regulate standards.

There are only two ways out of the situation we find ourselves 1. Borrow more ( which is not sustainable) 2. Unlock assets like Saudi and raise low cost capital.

We already have MoF Inc and NNPC Inc. The former has assets worth 7 trillion. Stack more assets into that and then sell equity on the international markets. We can raise the money we need, and raise our reserves. Once reserves reach USD 60bn we will see USD contract to the 360 mark.

We have no choice. We need courage. We can do this and the time is now.

Smiles. You're indeed not seeing the whole picture


I'm talking about the structure and functionality of the NLNG as against the lack of functionality witnessed in the core petroleum industry over the past decades. And that a desire to make things right is the only rather critical ingredient needed


I've seen plenty abokis with license to life crude, import etc. I've never seen a southerner with such. Not saying they don't exist. I'm saying the morinound state of our institutions are the reasons why policies do not work both that policies are bad.


I believe in restructured fuel subsidy so the nation gives back directly to it's citizenry. We can not throw away the baby with the bath water. The policy isn't the enemy, the citizenry isn't the enemy. We must create and model national policies that drives national interests.

Not just scrap policies from very myopic vantage points. Modern China today was born from a strong desire to build policies to build a nation


People must allow the country work. Nigeria has been captured

Oga. Start business or do trade first. Bring money in first, others can follow

BreconHills:
You only have to look at NITEL to see that your argument is a false one. For years, NITEL was the only operator of fixed and mobile telecom lines as well as having a monopoly on overseas calling and even the Internet at its conception.

What was the result? Low quality and erratic services.

On de regulation prices of sim cards were 20k if you could get it. I remember queuing on a long line to get it. But I got it. Today what is the price of a sim card?

Subsidy is not only an inefficient way to manage capital it also allows for fraud. Do you know that one cargo can be used for 3 subsidy payments? Who pays that bill? People who die of preventable diseases and poor post medic care on simple procedures, people who go to university but don't get an education and high cost of business due to crumbling infrastructure.

Look I have an SUV but I will park it and use my matrix. I will do everything I can, cut every cost I can because this is about the future of my children and not whether I can eat Kellogs cornflakes or flex in a restaurant. Luxury businesses will shrink - no problem but this will be offset by growth and credit elsewhere.

Nigeria has NO choice. Any politician that says otherwise is a crook and a thief.

Now is the time. Let's stand up as a nation instead of licking the feet of those who throw us crumbs.

You have a mini view.

Is NLNG not run by the government?

pongwa:
na for sane countries all these things go work not in our Naija.

Lies. The petroleum sector is heavily structured. But regular citizens don't know cause they hard open up

imagineheaven:
Not all that glitters is gold, my friend. but e do me to wipe you oriamo cord before i talk wetin i talk. NO snitching!!!

When you wipe am Oraimo cord finish, na Techno cord I go use take follow that animal. Na so their types dey fall into traps

Emmypure:
This life na jungle, only the fittest survive.

Stvpid mentality. Na where e don carry you reach ?

Konjiboii:
See how person dey use him own hand to deny progress, you said your supervisor miss some days off and you cover for him, already I can tell your supervisor and you dey shady, you better think of career progression oh, abi you plan be boy boy for the rest of your life?

This mentality shows you're nothing but a slum pauper. Animal

The bigger enemy isn't subsidy , but lack of management and control of subsidy payments because of infalted invoices.

The citizenry looses alot with the removal of subsidy payments because in this clime, salaries do not increase readily, meaning purchasing power becomes more and more difficult with this economic overhaul.

Maintaining the subsidy is to the benefit of the average citizen. It's managing the invoicing system that's the problem. We can have metered and regulated suslbsidy payment in place with FG placing caps on subsidy payment and then hedging the excesses against Government backed bonds, so short term economic traction is cushioned by long-term macrofinances of the court ey.

If invoicing and lack of accountability is the issue with feul subsidy, then why don't we grant licensing that pays subsidy payments based on metered importation allowance?


When would Nigeria let thinking people lead ? When !


The same 2012 problem is repeating itself. Sensationalism. Assuming that the subsidy only implies people stealing,.forgetting or not even considering it's benefits.


The average minimum wage of a worker can't mean anything in a post subsidized feul economy.


Increase in food prices, Housing, transportation, lifestyle all at once without corresponding rise in salary payments is nothing short of a disaster. Be it Peter Obi, Tinubu, Atiku subsidy removal must be planned and strategized before actualized


In the end, the bigger enemy is the Hausa Fulani hegemony who setup cabals in all state instructions to run them down so private ones are setup to mop up the national treasury. Nigerian refineries and Dangote is typical

If Hausa and Fulani allowed our refineries worked like NLNG, we wouldn't be talking subsidy removal or Dangote


The focus must be maintained. For Nigeria to work, Hausa Fulani hegemony has to die

Tor

Hmm

Soccrates:
Yes bought it brand new.
Contact on my signature.

Location

SubsIdy should be maintained

Kingcalls:
Other tribes need to understand that the yorubas are the most envious , tribalistic, manipulative tribe in Nigeria ... they always want others downfall ...they are the real definition of hypocrisy... the only tribe they dontvm attack are the fulani cos they know the consequence of trying that ... reason they hate the igbos alot is because the igbos are the only tribe that speaks up about how manipulative they are ... Jonathan is not igbo but Ijaw , but Igbos supported him ... these same Tinubu and his goons destroyed his reputation thru the media

Here Lies the truth



yorubas are the most envious , tribalistic, manipulative tribe in Nigeria ...

muhammaduyusufu:
That's politics for you. GEJ was a weak leader, and the opposition even though knew subsidy had to go used it against him.

Now you all know that Tinubu is extremely intelligent. He is the master of the game called Nigerian politics.

His intelligence was also used in splitting PDP into 3 (divide and conquer) just before the elections). Reno once said Tinubu has the face of a slow person, but he is extremely intelligent.

Another emotionally charged information. How was GEJ as a weak leader because of this. Wasted education

Soludo's envy for Obi is stunning. What a shameless, classless non-entity

Skit

Oponi. He still thinks he's in opposition

The lowest of human is better than this guy. He has no direction one single bit.

Oyo state PMS has had a reputation for bad behaviors for a long time now. Infact, they maim and kill with glee as they act with a bigger-than-the-law attitude.

Seyi Makinde needs to do something about Oyo state PMS in his second term.

Mehn. The demands are huge. You guys want to compete with tech companies for the best hands bit will the pay also compete ?

HacheNoire:
Obasanjo. 🤣🤣🤣🤣🤣

Dude was a disaster! He was even unable to compelete the road leading to his state

That you became more aware of politics doesn't mean you're more astute than him the . Remind us, what was Nigeria's daily oil output then, price of crude oil. Amount left after debt servicing and the likes ? The future is always better than the paste. Ote

Omo9ja147:
Manual weeding commenced prior to urea application... Weed is an enemy in Agriculture... Here I the statistics, if u fail to control weed in the first three weeks of the crop cycle, 50 percent of the yield is gone....

Regardless of fertilizer application?

It is easy to criticize when you're outside the ring or do not have full knowledge of what the issue is about. What an half wit !

Wike the animal.

Olumeme:
When you receive a task, Acknowledge receipt and state that you will reach out to them should you need further clarification. Then go read and study the task, write down your observation and if possible give them a call or one on one meeting and discuss then follow up with an email to confirm the discussion especially if some of the things you discuss is not stated in the scope of work of that task.

As much as necessary, restrain going back to them again unless you have a new question that have not been previously discussed or a new challenge comes up. Depending on the length of the task, give feedbacks especially when you hit a new milestone.

You communicate effectively not OVER, or you will come as an unserious person. The fellow who gave you task also have lots of things they are working on.

This is how it should be. But some people bring their traumatic experiences into work until they make everywhere smell with their toxicity and when you finally ask for feedback, they explode. They're many on this forum who assume that you can assume work updates than be provided with feedback

I like the point you stressed.

Over communication is the key to success


So many Nigerian employees fail to understand time and time again.


When you place deamnd for the feedback after aeon years of askingz they explode. They prefer to rather explode. This is even asking after the deadline has massively elapsed.

GreatAchiever1:
I happen to fall under the Gen Z category but I no dey reason like that. Afterall the guy that posted this writeup in his facebook page don't look like he belongs to the Gen Z age range.

Once I hear Gen Z, I run !

placeofallure:
Wrong!

Hubby and I, we were friends for years, keeping gists waiting for each other. I know his gf and he knows my bf. I never thought of him as a lover, just pure, plain friendship. We can gist for Africa. That friendship is what is sustaining us till now. I have no serious female friend till tomorrow, apart from church and work friends. He is still that one person I can trust with anything, any secret, any gist! Our romance is the hottest around after a decade of married life and still counting. We've remained as newlyweds because of the friendship connect between us.

Marry your friend. It's the next big thing after Today's inauguration.

Cheats

Yoighaman:
I can see you are a proud and confirmed Gen Z with your full chest

Have fun dear, na una time

That generation go wear you off. Just leave them be

Lol. Nigeria has 62% rate

Soludo the power drunk

Wike needs to learn when to shut up