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Nairaland Forum / Nairaland / General / Politics / PDP Presidential Rally In Calabar, Cross River (Photos) (26658 Views)
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Re: PDP Presidential Rally In Calabar, Cross River (Photos) by lyntiffany(f): 5:24pm On Jan 30, 2015 |
guttentag:not just that noticed that they are always looking smart and simple in their dressing unlike the other party that claims to use less amount of money but campaigning otherwise. |
Re: PDP Presidential Rally In Calabar, Cross River (Photos) by kodded(m): 5:45pm On Jan 30, 2015 |
Oceemo:Because we GEJ supporters. Are calm and matured just like our leader we don't trade words any how cause we respect each individual with his or her opinion Unlike apc thread that is filled with tout and miscreant from all works of life trading words and insulting people at any slight provocation.... I don't blame them sha, if u watch their campaign rally u will notice dey like calling GEJ badluck or make fun of pdp Am still not convince that apc and buhari is the real change we seek |
Re: PDP Presidential Rally In Calabar, Cross River (Photos) by Eluala(m): 5:47pm On Jan 30, 2015 |
By Toyin Akinosho, Publisher It would be inappropriate for President Goodluck Jonathan- if re-elected- to reappoint the current Nigerian minister of petroleum. The Chief Justice of Nigeria’s Supreme Court will swear in a newly elected president of the country on May 29, 2015. Whichever of the candidates takes the oath-the incumbent Goodluck Jonathan or his arch rival Muhammadu Buhari-there certainly will be a change of executive cabinet from the one currently in place, whose membership has been near intact for upwards of five years. A crucial position in that cabinet is that of the petroleum minister. If the oath taker is Buhari, himself a former Petroleum Minister, the current minister will have to leave. If Mr. Jonathan wins elections, there is high probability that Diezani Allison-Madueke will continue on the job. In my view, it’d be a value destroying proposition to keep Mrs. Allison-Madueke on the job, but those who are close to the story insist that she’d continue to be Jonathan’s man in the ministry in the next dispensation. In Goodluck Jonathan’s four year rule as elected President, it has been Alison-Madueke, not the Finance Minister Ngozi Okonjo-Iweala, who has controlled Nigeria’s purse strings. It is under her watch that the state hydrocarbon company was most emboldened in determining what it should remit to the state coffers and what it should keep. And what it decided to keep simply ballooned. She has superintended an appropriation of the commonwealth that only the National Assembly has the right to do. At the time that Shell, TOTAL and ENI were divesting from five acreages onshore Niger Delta, the proportion of proceeds from those assets was 55% to the Nigerian state and 45% to the three multinational partners. The NNPC is the government representative in the partnership. If 100 barrels of oil were produced, the NNPC took 55 barrels and paid the money made in selling the crude directly to the National Treasury. Diezani was settling down as minister in 2011 when Shell, TOTAL and ENI were rounding up the sale of their 45% of these assets to Nigerian companies. Her ministry decided that the NNPC would be more active in management of the assets. This is fine. What’s dubious is the way in which the country’s share of the proceeds got diluted in such a way that the net return to the national coffers was no longer 55 out of 100, but far less. The NNPC nominated its operating subsidiary, NPDC, to manage the assets. The NPDC in turn invited a financing partner to fund its share of the operations. The contract with Atlantic Energy entitled it to 30% of NNPC’s share even after the cost oil had been recovered. This is the contract that the minister foisted on the country. The agreement smacks of arbitrariness, was executed in a manner highly suggestive of patronage, with terms that are clearly a give- away of resources. In order to recover its cost in funding the NPDC part of the operations, the terms called for Atlantic Energy Drilling to receive, in the beginning of production, 60% of the volume of crude oil to which NPDC (NNPC) is entitled. This is cost oil. When that cost is fully recovered, Atlantic’s share will drop to 30% of the crude oil to which NPDC is entitled. Please read this carefully; in the post-Shell operatorship phase, after the NNPC equity had been transferred to its subsidiary NPDC, to become the “operator”, with so much fanfare, NPDC had gone into an agreement with a company unknown to industry operatives and registered just months before the deal. The company was charged with the responsibility to fund NNPC share of the cash call for operations in return for 60% (in the first instance) and later 30% (after cost recovery) of the crude oil that should accrue to NPDC (NNPC) and by extension, the teeming Nigerian population of circa 150 million people! In effect, the rightful share of the proceeds from these assets that should flow to the National Treasury drops by at least 30%, all through the duration of the agreement. . The NPDC uses about 30% of the 55% to pay its alliance partners/its funders. Then it refuses to pay the net proceeds to the treasury and instead pays corporate income tax and Petroleum Profit Tax, so the monies accruing to the treasury reduces overall by at least 40%. Note that prior to this NNPC to NPDC transfer, whatever came to NNPC was transmitted directly to the treasury. The transfer of assets from NNPC to NPDC is an illegal transfer of revenue from the Federation account to the NNPC. Not even the president has the power to transfer revenue from the federation account without appropriation. This arbitrary way of doing things is the signature conduct of Diezani Allison Madueke’s tenure. At international fora, the minister would promise bid rounds she knew she would never see the light of day. In her entire tenure there was not a single, open, transparent acreage sale conducted by the government! She would set up panels to investigate aspects of industry processes even though she knew she would not implement their recommendations. For her, everyone is available to be used. . She had no scruples about making people waste their time. She is no respecter of time herself. Everyone, from IOCs to the smallest Nigerian independent, has a story to tell about how much they are hoping to get hold of the minister, making fruitless upon frustratingly fruitless trips to her office or-as she prefers-her house for audience. IOCs have conducted divestment from 21 acreages under her watch, a sign of inclement investment climate more than anything else, but the minster doesn’t regard it as a blot. Instead it’s an opportunity for her to influence whom she wants to win the purchase. The companies often have to watch her body language to determine who to sell to. When Diezani Allison-Madueke took office in 2010, she moved the (then nine year old) Petroleum Products Pricing Regulatory Agency (PPPRA) from the presidency into the ministry, directly under her. Between the period that the PPPRA was established in March 2001 and the end of 2009, the annual petroleum subsidy (the difference between actual cost of petroleum products and the regulated price at the pumps) was in the range of $3-4Billion. By the end of 2011, the annual subsidy cost went up to $9Billion. After the public took to the streets to protest, threatening to shut down the economy, the subsidy dropped to $3.5Billion. Between the $3.5Billion of 2009, the $9Billion of 2011 and the $3.5Billion of 2013, the Nigerian population could not have grown by more than 10%.or declined by same. And yet the data suggests that the demand tripled and then shrank! Diezani Magic. If Goodluck Jonathan is re-elected, and he re-appoints Diezani Allison Madueke, he would be doing injustice to the wishes of the millions of Nigerian voters, who see the 2015 elections as about change for progress. Mrs. Allison-Madueke has found it difficult to work with people. In four years on the job she has seen out three successive heads of DPR, the industry’s regulatory agency and fired four Group Managing Directors of NNPC. The game of musical chairs in the top echelon of these agencies over the past few years suggests that the most important criterion for keeping the job is an undivided commitment to doing Diezani’s bidding. She also has the capacity to pursue vendettas even after dismissing the non-compliant heads. Of the 14 acreages divested by Shell in five years the only one where pre-emption rights were execised appears to be motivated by the said vendetta. It’s still early to call who Nigerians will elect in the February elections, but in the event it is Goodluck Jonathan, it’d be unfair to foist Diezani on the country any further. This article was first published in the print version of the November/December 2014 edition of the Africa Oil+Gas Report |
Re: PDP Presidential Rally In Calabar, Cross River (Photos) by Nobody: 5:48pm On Jan 30, 2015 |
GboyegaD: Thats the only thing he has to offer his pathetic supporters here to make them feel better. As if that's gonna change the fact the GMB is gonna get His millions of votes from the North. |
Re: PDP Presidential Rally In Calabar, Cross River (Photos) by melvin0004(m): 6:10pm On Jan 30, 2015 |
Cross River State is 4 gej no doubts. 1 Like 1 Share |
Re: PDP Presidential Rally In Calabar, Cross River (Photos) by delishpot: 6:14pm On Jan 30, 2015 |
Workers salary dey talk. |
Re: PDP Presidential Rally In Calabar, Cross River (Photos) by mickeymimi: 6:16pm On Jan 30, 2015 |
Don't be afraid of change You might lose something good, but you will gain something better. Vote wisely , CHANGE has come, vote for CHANGE and for a better tomorrow |
Re: PDP Presidential Rally In Calabar, Cross River (Photos) by Esperooke(m): 7:08pm On Jan 30, 2015 |
ellechrystal: What has your 'agile young man' achieved even with the abundance he inherited? he depleted our excess reserve, incurred so much debt, in fact he almost crumbled the economy with untold corruption and shocking ineptitude. Its unfortunate that some of you guys are blinded by sentiment and some numbed by warped mentality. Get sense man! U sure need it. |
Re: PDP Presidential Rally In Calabar, Cross River (Photos) by Senjuchiha: 7:40pm On Jan 30, 2015 |
hofn:...d worst photo shoot eva...chai..u b disgrace |
Re: PDP Presidential Rally In Calabar, Cross River (Photos) by Senjuchiha: 7:41pm On Jan 30, 2015 |
LEXYLOV:...u b e-diot 1 Like |
Re: PDP Presidential Rally In Calabar, Cross River (Photos) by Senjuchiha: 7:45pm On Jan 30, 2015 |
Esperooke:...r u 2ru wit living in a fools paradise,cuz i knw dt u aint gona vote on dt dai cuz u aint got no pvc...xo just wake up 2 reality cuz ur dreams r gona turn 2 ur worst nytmares on failboohari 14 n it wld hapn so fast dt u just cnt blive it |
Re: PDP Presidential Rally In Calabar, Cross River (Photos) by Senjuchiha: 7:48pm On Jan 30, 2015 |
Equado:....ya bro,u're on pt |
Re: PDP Presidential Rally In Calabar, Cross River (Photos) by Senjuchiha: 7:52pm On Jan 30, 2015 |
Vivly:rily? Hwdya knw dy wr paid or wr u dr wn dy wr bn pd? |
Re: PDP Presidential Rally In Calabar, Cross River (Photos) by Dejohnbull: 8:01pm On Jan 30, 2015 |
ceo4eva:I call this presidential campain carnival. Gej till 2019 1 Like |
Re: PDP Presidential Rally In Calabar, Cross River (Photos) by Nobody: 9:27pm On Jan 30, 2015 |
mifavour:. . I was there LIVE.... And again! Diz NL baes be making alotaf sense... You're so pretty! |
Re: PDP Presidential Rally In Calabar, Cross River (Photos) by deuce7(m): 9:29pm On Jan 30, 2015 |
CoCoLav:Are you from there? |
Re: PDP Presidential Rally In Calabar, Cross River (Photos) by LadyAmaka(f): 9:30pm On Jan 30, 2015 |
God please bless and uphold GEJ |
Re: PDP Presidential Rally In Calabar, Cross River (Photos) by CoCoLav(f): 9:44pm On Jan 30, 2015 |
Re: PDP Presidential Rally In Calabar, Cross River (Photos) by AroOkigbo(m): 11:11pm On Jan 30, 2015 |
ceo4eva:. I'm always in love with this final nail on APCs media casket! |
Re: PDP Presidential Rally In Calabar, Cross River (Photos) by ekpescity: 11:16pm On Jan 30, 2015 |
Yea...that's my town Mr. President u r welcome indeed to d Canaan City of Calabar...d people love for ur giant strides so far....we will vote u again for continuity....#GEJ4NAIJA...#NO2BUHARI |
Re: PDP Presidential Rally In Calabar, Cross River (Photos) by Esperooke(m): 12:02am On Jan 31, 2015 |
Senjuchiha: I got my PVC mr. Am eagerly awaiting Febuhari 14 to join other reasonable Nigerians in evicting Mr. clueless from our revered presidency by God's Grace. |
Re: PDP Presidential Rally In Calabar, Cross River (Photos) by Senjuchiha: 12:40am On Jan 31, 2015 |
Esperooke:...nw dt ur oluwole forgery kingpin has nw accepted dt d mallam has no sefikitate i guess out of highness,i guess ur gmb's chances r ova......xo,if u cnt b ur xo kold 'clueless presido',my dia,join em |
Re: PDP Presidential Rally In Calabar, Cross River (Photos) by deuce7(m): 2:27am On Jan 31, 2015 |
CoCoLav:Thought you are from Idumota ![]() |
Re: PDP Presidential Rally In Calabar, Cross River (Photos) by katrineluis: 4:19am On Jan 31, 2015 |
I love this Calabar campaign pictures and the display by the people of calabar. This is were men are talking. Talking with power. I wish i am their to see myself. |
Re: PDP Presidential Rally In Calabar, Cross River (Photos) by CoCoLav(f): 6:59am On Jan 31, 2015 |
Re: PDP Presidential Rally In Calabar, Cross River (Photos) by deuce7(m): 10:22am On Jan 31, 2015 |
CoCoLav:I thought you sell motor spare parts and you you think I bomb people? ![]() ![]() |
Re: PDP Presidential Rally In Calabar, Cross River (Photos) by CoCoLav(f): 10:49am On Jan 31, 2015 |
Re: PDP Presidential Rally In Calabar, Cross River (Photos) by nellyjohn: 11:00am On Jan 31, 2015 |
Long live GEJ Long live Sambo Long live PDP Long live Nigeria |
Re: PDP Presidential Rally In Calabar, Cross River (Photos) by ELVIKING(m): 11:03am On Jan 31, 2015 |
I was their and I saw it myself. It was real |
Re: PDP Presidential Rally In Calabar, Cross River (Photos) by nellyjohn: 11:41am On Jan 31, 2015 |
Hmm
|
Re: PDP Presidential Rally In Calabar, Cross River (Photos) by Esperooke(m): 11:44am On Jan 31, 2015 |
Senjuchiha: Our General is a man of honour, all your ploys against him have always hit brickwalls because like-jonathan-like-his-lieutenants, horribly clueless. Remember u started from forging Ahmadu Bello University Teaching Hospital health report of prostate cancer, only for the institution to cry foul, and that put you people to shame. But as shameless and clueless as they are, they will never cease to come up with a trumped charge to cover their shocking ineptitude and unprecedented cluelessness. My man, quit this show of shame. Reasonable Nigerians are tired of CLUELESSNESS Nigeria must move forward, BUHARI LO LE SE......... Sai BABA! |
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