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Discussion in 'The Main Square' started by Anioma777, Dec 10, 2011.
Ever shall be
Can the zombies who voted the "incorruptible man of integrity" on March 28 please tell us why fuel is not $40 or even lower as Prof. Tam David West told us as part of efforts to rubbish the previous federal administration
Please where is this "Bishop"?
I miss his comedy act. I mean that, it's so fulfilling to educate a "bishop" LOL !!!
Now I wonder what he'll think of this comedy being underwritten by the new subsidy fraud....I mean fixed & rigged exchange rates of course. As my American friends would say, you can't make this s*h*i*t up, it has to be straight out the anus of a deranged Dullard.
LINK: Fuel Prices To Rise Again - More Comedy from the DoD Petroleum Minister !!!
! Ignorance Is A Mental Disorder !
This one is just for fun
Senate Asks NNPC to Refund N216 billion Spent as Subsidy in 2017
April 26, 2018
by Kemi Busari
The Senate has asked the Nigerian National Petroleum Corporation (NNPC) to refund N216 billion paid by the commission as subsidy in 2017. The lawmakers unanimously agreed that the money be repaid to the Consolidated Revenue Fund, saying its expenditure is illegal. This position was part of recommendations of the Senate committee on public accounts adopted by the Senate on Thursday.
The committee was in January mandated to investigate all subsidy payments made by the NNPC without recourse to the National Assembly. The chairman of the committee, Matthew Uroghide, said the corporation in 2017 paid itself N216 billion but described it as operational cost.
“In 2017, NNPC imported 9.8 billion litres of PMS at the cost of $5.4 billion amounting to N1.672 trillion at the exchange rate of N305.
“In the previous years, all importers including the NNPC have collected subsidy for differentials, it is therefore curious that NNPC will, in the year 2017, describe this differentials as operating cost and a loss but will not demand for a refund,” he said.
Adopting the recommendations, the lawmakers warned NNPC to halt illegal payment of subsidy without appropriation henceforth. The Senate asked the NNPC to make a formal request, through the president, for the inclusion of subsidy as an item in the 2018 budget to legalise the payment going forward. It also urged the federal government to pay oil marketers the outstanding arrears of subsidy payment owed them prior to 2017.
Buhari Authorised NNPC to Subsidise Petrol for Nigerians – Baru
December 29, 2017
by Oladeinde Olawoyin
President Muhammadu Buhari authorised the Nigerian National Petroleum Corporation, NNPC, to subsidise petrol for Nigerians, Maikanti Baru, the NNPC chief has said.
Mr. Baru made this known on Friday during a brief interview with State House correspondents at the Presidential Villa shortly after he performed Friday Islamic prayers. The NNPC chief was reacting to the confusion thrown up by his revelations in Abuja last Friday.
Last Friday, the NNPC boss stirred the hornet’s nest when he disclosed that the landing cost of fuel has jumped to N171. The state oil firm has, however, maintained that the N145 per litre price subsists, raising questions on who foots the bill of the minimum N26 differential; especially as such estimates are not contained in the 2017 and 2018 budgets.
On Friday, Mr. Baru said Mr. Buhari authorised the payment of the ‘subsidy’ by NNPC, to ease the pains of Nigerians.
“Do you want me to remove subsidy?” he said in response to questions demanding clarifications on the subsidy.
“What I am saying is that the landing cost as should be sold in the pump without under-recovery should be N171.40.
“However Mr. President has directed that we should maintain all the parameters to ensure that it is sold at N145 per litre. And that is why we are selling at depot at N133.28.8,” he explained.
The NNPC’s confirmation of petrol subsidy has drawn the ire of some Nigerians including the Ekiti State Governor, Ayodele Fayose.
! Ignorance Is A Mental Disorder !
While Adeboye is yet to redeem himself from the All Poverty Congress, APC bewitchment, Tam David-West seems to have unplugged himself from their zombie machine.
2019: David-West gives reason Buhari must not re-contest, speaks on alleged move to Islamize Nigeria
July 8, 2018
A former Minister of Petroleum and Energy, and a strong supporter of President Muhammadu Buhari, Prof Tam David-West, has given reason he would not want the president to return to power in 2919.
David-West also told the President that the proposed plan to establish cattle ranches across the country would justify the claim in some quarters that he (Buhari) wants to islamise Nigeria.
He noted that the implication of such move would be grave, and added that he was surprised and saddened by the decision.
Mr. Mourning With Pics, lemme fix that for ya...
Barawo bubu and his band of progreTHIEF looters of the All Poverty Congress, APC are hell bent on bankrupting our country before they leave in 2023.
Someone should please hide this post from Obugi o. Let the sai baboon chanters enjoy their change.
All Past Criminals, APC and looting be like 5 & 6, joined together like Siamese twins.
FG Okays N17bn For Acquisition Of Monitoring Device For Fuel
Abuja – Controversies over the actual amount of fuel consumed daily by Nigerians, including the huge funds which goes into subsidy payment, have compelled Acting President Yemi Osinbajo to approve the acquisition of a special monitoring technology.
About N17 billion was approved for the device which will track the importation and distribution of fuel products within the country.
It will among other benefits gauge how many litres of refined products come into the country, whether products are diverted to other locations or not, actual places where products are being diverted to.
The technology which is relatively new will be piloted for a period of one year before it will be institutionalised.
Ibe Kachikwu, Minister of State for Petroleum Resources, made the disclosure after the Federal Executive Council (FEC) meeting on Wednesday.
He said, “Council approved the installation of technology monitoring schemes and structures under Petroleum Equalisation Fund (PEF) for total sum of N17 billion.
“It is for the automated fuel system management and censor network.
“The narrative is that we have all struggled with this whole subsidy payment and how much is consumed in Nigeria, volumes of products moved out illegally and the whole impact on FAAC accounts.
“The president has given a very serious mandate that we ought to rein in on his process. The essence of what PEF is doing is that this will enable us track refined petroleum product movement from the point of LC (letter of credit) opening from the vessels that come into Nigeria, up until the point where they are discharged into tanks in Nigeria, and from the tanks through trucks in Nigeria, monitor the trucks till they deliver the products into the storage tanks for the filling stations and they are discharged and sold.
“So, that will produce a 100 percent holistic monitoring of this production. For the first time we will be able to tell how much petroleum products we consume in this country.
“Because there has been so much going on in terms of the movement of consumption numbers from thirty something million litres a day to 70 million litres to 18 million litres a day during the difficult times.
Blab blah blah
FG Approves N60bn For Rice Subsidy Programme
November 17, 2018
From no oil subsidy to oil subsidy, now it is rice subsidy, yet Nigeria is going to be the second highest importer of rice in 2019 after China; the more one looks the less one sees with this government. Wonder why the so called professor Tam David West has not come up with more mathematical abracadabra in support of the subsidies suddenly manifesting under Buhari's government.
And here's Buhari saying the same thing in 2011....that there's no subsidy:
<iframe width="1522" height="581" src="" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>
Back in 2018, the NNPC Managing Director Mr Baru finally admitted that the government pays subsidy:
And the VP Osinbajo has said the Fed Govt can't remove the subsidy because Nigerians will pay ₦220 per liter:
Now, today what's the situation of things? Read and weep:
Jan 2019 - Petrol subsidy hits ₦2.4b per day
Total Subsidy for 2018 = ₦731b, subsidy for 2017 = ₦584b according to World Bank....a 20% increase.
The sad thing is most of the fuel ends up smuggled to Benin Republic where it's sold at world market prices. So Nigeria is basically sending cheap fuel abroad...
So where's DaBishop?
Gone With The Winds!
Buhari and Tam David West told us there's No Subsidy!!!
So what's this about, with the new GMD of NNPC announcing that his corporation will continue to bear the cost of SUBSIDY....
We’ll continue to subsidise petrol – NNPC
July 14, 2019
Olufemi Atoyebi and Okechukwu Nnodim
The Nigerian National Petroleum Corporation has said it will continue to bear the cost of subsidy on petrol.
It however said it could not tell when the corporation would stop fuel subsidy.
The NNPC’s Group Managing Director, Mele Kyari, recently stated that the price of petrol in most West African countries was higher than N300 per litre. But the pump price of the commodity is N145 per litre in Nigeria, with the corporation bearing the remaining cost burden on every litre of the commodity consumed across the country.
! Get Yours !
He should have said across the region, in line with the price differentials he mentioned and the realities on our land borders.
Based on that video interview on Buhari, this man plus Buhari himself are fraud; thank you Buhari for telling Nigerians what you are.
Have you kept up with Okorocha and his family's travails in Imo State? What do you think?
What travails are you writing about? Ihedioha should face governance and stop pursuing shadows.
So, you dont believe that people can walk and chew gum at the same time? Shouldnt stolen Govt property be recovered by any means necessary? If half of what I am reading is true, that Okorocha family is a very greedy and rotten one.
How does recovering stolen item become family travails; family travails would be taking something that rightly belongs to the family away from them; everything should be recovered including Eastern Palm University; that university started out as a public university to house present imo state university; then Owerri people kicked against the relocation of Imo state University from Owerri; it ended up a private university. I do not see this as travails at all, rather I see it as daring the people. Ihedioha should face governance and stop fighting shadows; destroying structures erected by Okorocha is petty.
I dont know if you have a different definition of governance (that hackneyed and abused word in Nigeria). However, what I read regarding what Ihedioha is doing - recovering stolen government property and setting up the government, including leadership of ministries, departments, etc - are all included in governance. Okorocha is probably the only out-going governor, his family and cronies who not only allegedly stole the finances of a state but also carted away anything that is movable: rugs, light bulbs, bathroom fixtures, chairs, couches, curtains, doors ripped from their hinges, generators, etc. Tell me any other state where this has happened. This is pure greed. If these stories are true, the family is from the cesspool of rot. So, when they are exposed, and they make feeble attempt to defend themselves, that is travail! Although I do not support the alleged slapping of his daughter, Mrs Nwosu, who is married to his hand-picked young man to succeed him. I hope Ihedioha pursues him to the end of the earth to recover whatever he can. That is governance, my Oga!