BADNEAT:
you've not been observant enough to know that caution is of utmost priority in this case?...You'll be shortsighted to think Nnamdi kanu ll be jailed by any court

BADNEAT:
lolz..we are waiting and watching for him to be dealt with...

Anaghi eji ihe a na agba n'anya agba na nti!!!

ShowYourCertificate:
Ok, I know where they fit in

BADNEAT:
Is there any lie in what he said..pls point it out if any

ShowYourCertificate:
They don't speak for the PDP. They speak for themselves as PDP members and as Nigerians.

ElekeNtioba:
OP u need to learn how to lie. Propaganda is not ur callling.

ShowYourCertificate:
For the fact that PDP is pleading with Nigerians not to insult Buhari on Christmas Day doesn't mean they are telling them to insult Buhari every other day. Also note that PDP as a party has never for once insulted Buhari. Can't say the same for Fayose or FFK though.

tuale4u:
The IPOB guy did not understand the budget. let me help him explain.

1. The Federal government budget is the Budget of the federal government alone. Not the Budget of the country.
Thus from the Nigeria sharing formula, the Federal government takes about 54% of the total oil revenue accruing to the country (Nigeria Federation).

2. Most of the oil production in Nigeria are JV and PSC. Using the JV template, Nigeria (the federation not Federal govt) only owns 60% of the oil produced and the Oil companies owns the remaining 40% of the oil produced per day .

thus the 2.2 million per day, only 0.6*2.2million=1.32million belong to Nigeria (The federation).

Federal govt share (Potential) = 0.54*1.32million=712,800 per day.

3. The actual average production per day is about 80% of the Potential production
this is because of 20% shutdown for maintenance, unplanned shut downs, pipeline vandalisation etc.

Thus the Federal govt actual average production per day = 0.8*712,800=570,240.

4. Today the average cost of production per barrel in Nigeria is about $18 per barrel.
Actually some onshore field cost are as low as $10 per barrel while some deep offshore and shallow offshore cost are as high as $25 dollar per barrel. Today more than 60% of Nigeria crude are from Offshore. thus using an average cost of $18 per barrel is realistic.

Thus out of the $38 dollar per barrel price of oil, the net revenue to the govt is about $20 per barrel.

thus the expected revenue to federal government from direct sales of Crude oil in 2016 is:

= $20 *199naira/1$ *570240*366*billion/1000000000= 830billion naira


From my estimation the Federal government expected revenue from direct oil sales is about 830billion naira which is very close to 820 billion naira estimated from federal government.


However, this is not all the federal govt get from having oil in this country. The oil companies pay company tax in hunderds of billion of naira.
But the govt choose to call it company tax because other companies that are not oil companies pay tax too. However the company Tax of oil companies is about 85% of their profit. Thus of the about 1.5 trillion naira expected revenue from Company Income Tax (CIT), Value Added Tax (VAT), Customs and Excise duties, and Federation Account levies, about 50% of it are coming from oil companies.

ShowYourCertificate:
I'm referring to the Christmas message na. I'm referring to the message as contained in the OP of this thread.

ShowYourCertificate:
Wrong submission. PDP never insulted PMB, so I wonder why you are making the submission that they insulted PMB. After all, PDP don't control the mouths of Nigerians. They didn't when they were in power, they won't now. It's a free world my brother. You guys and the PDP should allow Nigerians to insult their president the way they like. After all, they were the ones that put him there.

ShowYourCertificate:
Not true. I'm not partisan. I love Fashola and appreciate what he did in Lagos. If i were partusan, i would have hated him. However I tend to align more with PDP than the APC because PDP are lesser liars and are more matured.

ShowYourCertificate:
But I'm not PDP.

ShowYourCertificate:
But PDP said NO INSULTS na

ShowYourCertificate:
PDP cannot stop Nigerians from insulting that senile certificateless dullard president from Daura. Nigerians will keep on insulting him until he proves to us he's a man of integrity

ShowYourCertificate:
Space booker. Let's see what you would come up with and how long it would take

agabaI23:
You condemned all that. Why do exactly the same things you branded haram? The watchdog analogy actually suits you because you condemned every of such gatherings only to embrace it immediately after elections. Hypocrisy.

Someone said on twitter that you will never know what someone really is until he gets what he wants and I agree with him

ABUJA — THE Federal Government said, yesterday, that the governors have no legitimate right to reduce the national minimum wage from the present N18, 000 because it was a product of agreement.

This came on the heels of the rejection by the Nigeria Labour Congress, NLC, of the recent proposal to remove fuel subsidy in 2016, the increment in the electricity tariff and the proposed re-introduction of toll gates on the federal roads.

Warning against any plan to reduce the minimum wage at the meeting with the leadership of NLC, Minister of Labour and Employment, Senator Chris Ngige, said the governors were only playing politics with the issue of minimum wage.

Ngige said instead of contemplating to reduce the minimum wage, the government would want workers to be paid higher when the economy improves.

The minister, however, blamed the organised labour for allegedly heating up the system by joining issues with the governors in talking about reduction or increment in minimum wage.

According to him, “when the NLC joined the governors in talking about minimum wage, with the governors saying we can’t pay N18,000 minimum wage and NLC says it is time for us to ask for increase, we now know that these are talks that are heating up the system.

“The NLC knows better that the governors are playing politics. This is one matter that you cannot play politics with because it is a matter of rule of law. The law in place now is the Minimum Wage Act enacted by the National Assembly and the National Assembly derived their power from the Exclusive List of the constitution which gives them power to make laws on labour related matters including minimum wage.

“So, anybody who wants to talk about minimum wage should go to the National Assembly or ask the President to send an executive bill which can be discussed and it will be a tripatite discussion, involving public hearing.

“Please let a sleeping dog lie, because this country is going through a very difficult time now and requires your prayers and support. Nobody can reduce wages now. If anything, if you have more money, you pay higher.


On corruption, unemployment

“The third thing which is also one of the pillars of government is the fight against corruption. Corruption has eaten so deep into the fabric of the Nigerian system that if you are not corrupt, you look abnormal.

“The labour laws need some tinkering because some of them are very old. Even the penalty that are prescribed in them are very old. You see some laws which says that if people abuse expatriate quota, they pay a fine of N2000. It doesn’t make sense.

“As a ministry, we will look at all these laws and with the Attorney General of the Federation, we will make sure that we fast track some of these laws so that the necessary penalties that are commensurate with labour offences committed are meted out to the offending parties. We will be needing your input.

“We want to reinvigorate our laws and give the Nigerian workers a decent work environment as prescribed by the ILO conventions.”

He emphasised the commitment of government to employment generation, adding that the government was aware that unemployment is the easiest gateway to instability and insecurity.

He said that the government, in a bid to show the seriousness of empowering the youths, has budgeted N500 billion to address the issue of unemployment, and poverty alleviation.


NLC kicks against removal of fuel subsidy

Speaking at the occasion, the Ayuba Wabba-led faction of NLC, said the national interest had always been the driving force of the congress.

Comrade Wabba stressed the need for the government to respect collective bargaining process and commended the intervention of the minister on the issue of outsourcing of jobs and casualisation.

He stated that Nigerian workers should not be treated like slaves in their country.

At the emergency Central Working Committee meeting at the Labour House, the organised labour said the recent proposed removal oil subsidy was an attempt to punish the masses and that the labour would resist it.

He expressed the fears that the pump price of petroleum product could be increased by 2016 instead of being reduced because of the fall in the international market, adding that he would mobilise the workers to resist any increase.

Wabba also advised the government to put the refineries in place instead of refining the product outside the country.


On electricity tariff

He said labour opposes the recent plan to increase electricity tariff, adding that the issue of other charges outside the consumption charges was abnormal.

He said the removal of fixed charges on electricity tariff was long over due as according to him, the masses were paying for services that were not provided.

“We want pre-paid metre and not this estimation bill. People should pay for what they consumed,” he said, adding that the process of privatisation had not delivered any result, “all of us had been deceived.”

NLC also backed the planned strike by the Senior Staff Association of Nigerian Universities, SSANU, over the removal of staff of universities staff schools from the government pay roll.

He said, SSANU as an affiliate of NLC, has the right to make demands and that the position of SSANU was the position of NLC.

Warlord3000:
Too many lawyers just deh dabaru layman's head...

Common interpretation of verdict them no fit agree..


Mtschew

Achuwa1:
This decent woman should not involve herself in political talk but rather focus on something else reasonable,unless she wants to make enemies to herself & rue her husband political career just like patience jonathan did to jonathan & rued his husband political career

DeviIhimself:
ok sorry sir henceforth no attack

well FYI all my attacks on nairaland ends here and for me it's just for fun nothing personal a swear .

me sef know wetin dey sha if you can decode