₦airaland Forum

Lasinoh:
The Nigerian public has no brains.
No more borrowed subsidies.
YOUR YE YE SUBSIDIES WERE BASED ON BORROWED FUNDS!!!
Una nor dey shame to borrow for life?
Is Ghana not surviving?
NIGERIA. . . USELESS COUNTRY. GO AND WORK AND LEARN TO SAVE MONEY BY LIVING WITHIN YOUR MEANS. YOU DO NOT NEED 20 COCKROACH INFESTED MANSIONS WITHOUT ROADS PLUS NOTHING TO SHOW FOR YOUR INTERNAL AND EXTERNAL DEBT.

Dangote is a 'gbese' billiionaire!
Otedola and Adenuga too!

Go and work and earn your keep.
Take it up with your government officials who have billions of Naira in allowances. . . While you rot in poverty.
Face your government officials.
IMF says no more money for you to 'pose' like a ye-ye GIANT OF AFRICA.

Eat pooh!

Olodostein:
The Movement for the Actualization of the Sovereign State of Biafra, MASSOB has declared sit at home order on the day of the burial of the former Biafran warlord, Dim Chukwuemeka Odumegwu Ojukwu.
In a statement by the MASSOB Director of Information, Uchenna Madu, the order was a mark of honour and respect to their former leader who would be buried in his country home.

“As mark of honour and respect to His Excellency, Dim Chukwuemeka Odumegwu Ojukwu MASSOB has declared sit at home ‘s on the 3rd February for Biafrans. All markets, shops motor parks, schools, airport, banks and offices shall be closed from 7am to 4 pm. Ndigbo residing outside Igbo land are mandated to observe the sit at home order as mark of loyalty to Eze Igbo.”

The statement further said “Ojukwu was a greatest Igbo man ever lived, he deserved the most suitable state burial. Ojukwu’s body shall lie in state at his Casabianca lodge, GRA, Enugu on 2nd February. Local and foreign dignitaries including a high- powered delegation of Nigerian government led by President Goodluck Jonathan and some AU/UN delegates will attend the ceremony”
“On 3rd, Ojukwu shall be buried at his Umudim Nnewi home after church service and other traditional rites. All who wish to attend the burial shall go to Nnewi on the evening of 2nd February as no movement will be on 3rd February,” he said.

Comrade Madu also said that the movement had perfected plans to give adequate security to everyone that will attend the burial ceremony of the former Igbo leader, adding that the recent security challenge in Nigeria will not affect their resolve to give Ojukwu a befitting burial. He called on all Ndigbo in different parts of the world to observe the sit at home as part of last respect to the deceased whom he said was committed to Igbo cause and urged them to always remember him in prayers.

http://www.sunnewsonline.com/webpages/news/national/2012/jan/12/national-12-01-2012-016.html

Beaf:
The Senate is only asking that it be postponed to April. They have not asked that it should be restored (which is beyond their power in this instance).

playboy19:
Read this and tell me what you think after reading it,

Please let's enlighten ourselves for a minute. For your information, the above listed companies are just 11% of the beneficiaries of the subsidy. 87% of the oil imported into Nigeria is by NNPC itself (why is NNPC name not on top of the list?) which means 87% of the subsidy paid went back to NNPC (Where NNPC = Gov't = Cabal). The remaining 2 percent are the other independent importers who brought in their product without lobbying for the PSF (Petroleum Support Fund, i.e Subsidy).

Now your question should be, how would the independent importers make profit when they do not benefit from the so called subsidy? The answer is, there is nothing like subsidy in the first place.

As at this morning the landing cost for

PMS (Petrol) = N47/litre

AGO (Diesel) = N82/litre

Jetty fee + Tank farm shouldn't charge more than N2 per litre, so add that up. Meaning the total expenditure to Tank Farm in Lagos is N49 per litre. So if we sell for N65/litre, there will be a N16 profit margin between the importer and the filling station owner. If you are into oil and gas, you will realize that, this is alotta money considering the quantity you are importing, so what the heck is the meaning of subsidy?

Any oil importer can call me out on this one if you think my analysis is wrong and we'll iron it out. Now after the N16 profit between the importer and the filling station, the federal govt now comes out to tell us they paid some "selected people" an extra N75/litre as subsidy, which bring the profit margin to N75+ N16. Does this make any sense?


Subsidy is just a way invented by the government to pay the cabal (Cabal AKA.The Kitchen Cabinet; meaning the Super-Advisers, a position which is called The Consiglierie  in Mafia). This Cabal majorly comprises of powerful Ex office holders,  like the ex presidents, ex senator presidents and the likes and they act as the super advisers to the present president while subtly fine-tuning him to make policies that will suite their own purpose. Not forgetting that they were the ones who endorsed him both at the primary level and at the general election and majority of his campaign funds came from them. ANd now that he is the president as they wanted, it's now a "Fukk you pay us" situation.

Now in my opinion, i believe the country is broke and in a big debt. Jonathan now realizes that he can no longer pay this Cabal AKA The GodFathers directly from the government purse and he's not trying to stand in their way from collecting their entitlement, hence he's putting the burden on the citizen. So now, look at it from the above analysis, if you buy PMS at N140,  you are directly paying the subsidy by yourself to the Cabal and the fortunate ones in this situation is the independent importer. They dont need to even think of lobbying for PSF now, they only need to bring in their product as usual and sell at N140, which automatically gives them the same profit margin as the Cabal. This is why i was telling someone on the other thread that, he must be joking for claiming that Otedola, Adenuga and Dantatas of the world are the one sponsoring NLC and NTU, what would be their gain? Do you think they'll have the time now? I can tell you they're all busy tracking their next Vessels to Naija right now.

There is a lot to say but hey, i don't think i'd make a good lecturer. But let's all seek knowledge and know what exactly we are fighting for and against. It's not about the subsudy removal, it's about fighting the godfatherism trend that has been enslaving us for like god knows when. Let's stand up and fight it out NOW.


And to all the paid "internet stand-up guys" like beaf and co,  you are free to post all your idi.otic comments all you like, it's what you've been paid for, so I wouldn't blame you. Just make sure at least one is sensible.

=======

Hey, for you all to confirm what i was talking about, i just found a 2006-2008 PSF PPPRA report. Please take a look at it and check how many percent of the subsidy goes to NNPC and confirm what i am talking about

http://www.pppra-nigeria.org/briefonadministrationofPSF.pdf



wow !!, Thanks for the proper break down because to me I was wondering whts the point of calling them cabals wen der still gonna make their huge profit margins when the "subsidy" has been removed!! But if 87% of the fuel is imported by NNPC, I guess some1shud be accountable for all those monie they termed subsidy since NNPC is a government owned corporation!

muami:
Better to be popular in an oil-rich state and let the 'oil-poor' states protest.

Thor:
In Nigeria you should think yourself lucky, the price of fuel in most other countries on the planet is already double that of Nigeria even with the increase!!!

Those of you wealthy enough to afford a car need to pay their way!

If petrol is not subsidized, what do you think they should subsidize in its place?

abes:
;d ;d ;d

folarin22:
Wait guys, wait.

Does fuel subsidy increase your salary or decreases it?

Because some mad people who support Badluck are here.

moshoodn:
Mixed feelings. . . I hope multiplier effects is contained and the eventual state of flux is balanced. . .