Stats: 3,184,800 members, 7,924,589 topics. Date: Sunday, 18 August 2024 at 05:03 PM |
Nairaland Forum / Entertainment / Sports / European Football (EPL, UEFA, La Liga) / EPL Chatroom - All Discussions (1778397 Views)
EPL 2023/2024: Who Would You Say Is The Flop Of The Season? / EPL: Weekend's Results, Updated Premier League Table And Top Scorers / EPL: Five Things We Learnt From The English Premier League This Weekend (2) (3) (4)
(1) (2) (3) ... (686) (687) (688) (689) (690) (691) (692) ... (5181) (Reply) (Go Down)
Re: EPL Chatroom - All Discussions by seankafor(m): 5:05pm On Nov 10, 2022 |
izzou:it will happen when there is enough local refinaries to refine our fuels and crude oils |
Re: EPL Chatroom - All Discussions by raumdeuter: 5:08pm On Nov 10, 2022 |
izzou:I agree that its the right thing to do but are you sure we can handle the right thing? Buhari already put the date of subsidy removal at June 2023 immediately after he leaves office. Every govt will simply kick the can down the road Its like you saw your uncle cheating on his wife, the right thing is to report to his wife, but you go think about the effect on his family and just keep quiet Can we really expose Nigerians to international prices with our low purchasing power? Minimum wage in Nigeria is low compared to other countries. Minimum wage in Nigeria is it N30k per month that is about $40 or 10 liters of unsubsidized fuel What percentage of an Americans income is the fuel price of $1 per liter and what percentage will it be of a Nigerian when the minimum wage is about how much in Naira converted to Dollars? Its also a commodity that is essential, its not like a car or phone or luxury item. it affects everyone In America with $5 per gallon people were already complaining with this Biden sticker all over pumps 1 Like
|
Re: EPL Chatroom - All Discussions by izzou(m): 5:19pm On Nov 10, 2022 |
raumdeuter: The point is that we can't afford it anymore. We are going into debt to pay subsidy. We have three refineries in Nigeria. Any serious government should stop subsidy and revamp them in a year. I expected that from Buhari Sadly, nobody trusts the government. Subsidy will eventually go, irrespective of whatever reality it shows. 1 Like |
Re: EPL Chatroom - All Discussions by raumdeuter: 5:21pm On Nov 10, 2022 |
izzou: Why do you think successive govt have been avoiding the subsidy issue. OBJ tried it and had to drop the idea, Jonathan did, Buhari didnt even bother |
Re: EPL Chatroom - All Discussions by GloriousGbola: 5:25pm On Nov 10, 2022 |
izzou: Ph refinery is definitely being revamped. I however do not know the timeline. |
Re: EPL Chatroom - All Discussions by nihilistjnr: 5:26pm On Nov 10, 2022 |
izzou: Okowa made a very good point that the oil sector should be privately led. I don't believe Government should be running refinery instead of just taxing the guy who does. The only issue I have is that Dangote seems to be aiming to build a monopoly with PDP's help. |
Re: EPL Chatroom - All Discussions by izzou(m): 5:26pm On Nov 10, 2022 |
raumdeuter: I don't think its because of the masses they avoided it. Its because successive and even the current administration are benefiting from it. We all saw the outcome when it was discovered that many importers were perpetrating serious scam with subsidy. Some we bring less volume and declare another figure. Some were even bringing empty vessels and collecting free money No government would allow any plan if it is affecting them. Subsidy is existing because people in government are the importers and are cashing out 2 Likes |
Re: EPL Chatroom - All Discussions by GloriousGbola: 5:32pm On Nov 10, 2022 |
izzou: Not really. Subsidy fraud really became a thing under gej. It was so bad that the major marketers wrote an official letter complaining about briefcase companies, shell companies created because there was a free for all come and eat going on. If I am not mistaken, to this day the fg still owes major marketers billions in subsidy arrears. The people perpetuating these scams were |
Re: EPL Chatroom - All Discussions by izzou(m): 5:32pm On Nov 10, 2022 |
GloriousGbola: I hope it is completed in my lifetime nihilistjnr: But these industries were run by the government then. How come we can't run anything now? The people would enjoy more benefits when the government runs it |
Re: EPL Chatroom - All Discussions by raumdeuter: 5:36pm On Nov 10, 2022 |
nihilistjnr: The best thing is to sell those refineries as I doubt govt will ever make it work If you privatize it, will you expect them to buy International crude prices refine and sell at what rate? International rate or Naija subsidized rate |
Re: EPL Chatroom - All Discussions by izzou(m): 5:40pm On Nov 10, 2022 |
GloriousGbola: GEJ did want to remove it. Remember? It was people in this government that protested. Today, they are there, and they can't remove it. People in power are the importers. The capital to import 1 million liters of PMS no be beans. Then imagine government paying 250, while the people pay 200. Which business get this kind assurance? 2 Likes |
Re: EPL Chatroom - All Discussions by afrodoc2: 5:42pm On Nov 10, 2022 |
izzou: Any government that removes subsidy without putting in place serious measures to buffer the effects will fall, either legally or illegally. On the other hand, it is almost impossible to put those measures in place with the way the twin demons of subsidy and corruption are draining the government’s finances. |
Re: EPL Chatroom - All Discussions by izzou(m): 5:48pm On Nov 10, 2022 |
afrodoc2: The finances are in the negative, doc. I really don't know how anybody hopes to turn this country around. |
Re: EPL Chatroom - All Discussions by afrodoc2: 5:52pm On Nov 10, 2022 |
izzou: It can’t be done. If you time travel and get the 4 greatest political leaders in human history and bring them to today’s Nigeria to be President, VP, Senate President, and Speaker, i don’t think they will stand a chance of solving the problems. 1 Like |
Re: EPL Chatroom - All Discussions by Android17: 5:56pm On Nov 10, 2022 |
izzou:While you are right that every government dealt with roundtripping and all the associated issues with subsidy, it was worsened by the Jonathan administration. When it became unsustainable, rather than put some sterner measures to check it, Jonathan opted to have the subsidy completely removed. Nobody was going to trust him especially when he made no serious actions towards putting palliatives in place to cushion the effect of the removal first and foremost. You may not like to hear it but Buhari originally took a hard stance on subsidy but the marketers who claimed they were owed trillions from the Jonathan regime threatened that until some reimbursements were made, they will refuse to import and distribute refined Petroleum products. Buhari had to play ball by remitting some of the monies to them. That is why most of us always dial back to GEJ's regime concerning this subsidy brouhaha. 2 Likes 1 Share |
Re: EPL Chatroom - All Discussions by izzou(m): 6:09pm On Nov 10, 2022 |
Android17: So for 8 years, the government could not think of one solution to end this plague Why couldn't Buhari revamp Kaduna, Warri and PH in his first 4 years? At least, we would have to deal with backlogs from marketers from 2019, while subsidy ends for good. These guys are the beneficiaries. I blame GEJ for the subsidy scam, but i dont blame him for Buhari's decision to keep paying it even after 2019 4 Likes |
Re: EPL Chatroom - All Discussions by Android17: 6:26pm On Nov 10, 2022 |
izzou:SLS already said if you fight corruption, corruption will fight back. Buhari like I said initially tried but when corruption fought back, he yielded. Some of us expected him to whittle down the list of petroleum marketers. That number was in units and then tens under OBJ, upper tens to hundreds under Yar Adua and became thousands under GEJ. We all know only about maximum 50 of them were actually importing the products and distributing in Nigeria, but because we were cashing out then, GEJ saw no issues in doling out 1.7 trillion in 2011 to those marketers. From 200 or so billion just a year prior. Now Buhari tried to cut down that list but you are dealing with a cartel. They grabbed him by the balls and the consequence would have been harsh scarcity and long queues. Ibe Kachikwu advised him to pay some of the money which he did. Like I said, one may not like it but if you have better solutions considering the country involved, you can mention it. As for those moribund refineries, it was unconscionably stupid to try to revamp them. In fact, as soon as I see any president or minister advocate for it I know they are just playing to the gallery. None of those refineries should be revamped or subjected to TAM paid for by the FG. They should have been sold off as scrap to the private sector and government should have played the role of regulator. Times would have been harsh but the ripple effect would have augured well for Nigerians. Afterall, the price people pay now is still higher than what it would have been had this been done in say 2010 or earlier. But there is a very palpable lack of trust factor for Nigerian governments and rightly so. Leaving market forces to determine prices would have seen those same marketers and their cartel connive to bribe the regulators and then hike the prices for maximum profit. It was a pick your poison situation and as you can see, this present government decided to pay the subsidy. A Peter Obi administration will do same FYI. Forget what he is saying now. 2 Likes |
Re: EPL Chatroom - All Discussions by Theflint1(m): 6:26pm On Nov 10, 2022 |
izzou:Subsidy has to be phased out gradually, a country that doesn't have a reliable public transportation system and where the average household spends on average 20 litres on power weekly cannot afford to pay #800/litre. We're bleeding money from over bloated contracts, excessive government spending and outright theft. Not a fan of policies that place the burden of responsibility on the masses first. 1 Like |
Re: EPL Chatroom - All Discussions by Segedinho(m): 6:27pm On Nov 10, 2022 |
Blaming GEJ to me is quite weird and uncalled for..... How much has gone outa hand or borrowed for infrastructure wch are less important than building a refinery. Subsidy is a calculated fraud and the cabals are using it at d detriment of the masses .... Imagine the oil theft and d money lost as a result from oil scandals daily..... It is impossible remove subsidy without building a single refinery to cushion d effect of d burst in price wch could lead to chaos or hunger in d country... We were promised refinery 8 years ago and many of us are still using GEJ mask to exonerate Buhari...who does that ![]() Okowa's proposition is bullshit cos we can see how Dangote cement is dealing with d country.... If a country blessed with a good quantity of crude oil cannot build a refinery then it is pitiable 5 Likes |
Re: EPL Chatroom - All Discussions by Android17: 6:29pm On Nov 10, 2022 |
Segedinho:Do you know GEJ announced in 2009 (immediately after replacing Yar Adua) that he had released $23bn for 4 new refineries? 4 Likes |
Re: EPL Chatroom - All Discussions by Theflint1(m): 6:31pm On Nov 10, 2022 |
izzou:These problems you've listed, can't we find a way to first tackle them? Us having neighbors that sell higher shouldn't be an excuse for the mismanagement. |
Re: EPL Chatroom - All Discussions by izzou(m): 6:33pm On Nov 10, 2022 |
GEJ wanted to remove it. The current president refused. Now you are explaining that a cartel is fighting Buhari. Why didn't you figure out that GEJ could be fighting the same cartel? You brand GEJ as the careless one, then Buhari as the victim Anyways, that's derailing We can't afford to pay subsidy. We are going into deeper debts because of it, and sadly, no candidate is saying anything about the reality. They all condemn it and move on. And i can't remember saying Obi was going to change anything. What's this discussion in relation to Obi? 4 Likes |
Re: EPL Chatroom - All Discussions by izzou(m): 6:34pm On Nov 10, 2022 |
Theflint1: How do you phase it out gradually? |
Re: EPL Chatroom - All Discussions by izzou(m): 6:35pm On Nov 10, 2022 |
Theflint1: It has been tackled. |
Re: EPL Chatroom - All Discussions by Segedinho(m): 6:35pm On Nov 10, 2022 |
Android17:Nope..... But,I think his successor has d power to verify and rightfully bring him to justice. What is with the blame ![]() ![]() Myself and so many others called on Buhari who promised to be ruthless in dealing with tahe affairs of Nigeria(his credentials supported this).. Buhari presently didn't only fail on his promises but he compromised maybe as a results of cabals and we are so so backward than even d GEJ era. 6 Likes |
Re: EPL Chatroom - All Discussions by Android17: 6:40pm On Nov 10, 2022 |
izzou:I may quote you but I am indirectly and pre-emptively replying some other posts. GEJ wanted to remove it but leave Nigerians in the hands of the same cartel he did not want to face. Similar to using Hyenas to protect the goats and then wonder why they keep reducing in number. That showed he was not serious and nobody trusted him. A palliative could have been cutting down the list of the "importers", sending the fakes to jail etc. Let Nigerians see you are serious. GEJ avoided it completely but would rather inflict the pains on Nigerians. Buhari got some of them deregistered and some even went to jail, then corruption fought back. Meanwhile, there has always been a cartel. OBJ sold refineries as he was leaving in 2007 and Yar Adua reversed the sale as part of his first act as president. A cartel will make you do that. 2 Likes |
Re: EPL Chatroom - All Discussions by Theflint1(m): 6:43pm On Nov 10, 2022 |
It can be phased out over a period of say 8 years, identify the sectors of the economy that will be worst hit by its removal and across that 8 year period, make improvements to those areas so the effects are not so severe. izzou: |
Re: EPL Chatroom - All Discussions by Android17: 6:43pm On Nov 10, 2022 |
Segedinho:Buhari failed for sure however in the townhall organized following the subsidy removal with SLS, NOI, DAM in attendance all of them had predicted that the next president of Nigeria (2015 and beyond) was going to face serious financial problems because of this subsidy. At that time, they did not even factor COVID-19 into their equation. Buhari was simply dealt a bad hand. Granted, he failed while at it but he was still dealt a bad hand. 1 Like |
Re: EPL Chatroom - All Discussions by raumdeuter: 6:44pm On Nov 10, 2022 |
izzou: Govt run refineries will never work, Infact govt run brothels will never work. Govt can sell air or water and still declare losses. Govt should never be into running businesses jst be regulators and tax collector If you have ever tried to do anything with a govt parastatal vs a Private one you will know that govt should sell those refineries and stop wasting scarce money on any silly revamp whch is just a means of stealing everything 7 Likes 2 Shares |
Re: EPL Chatroom - All Discussions by Tataffo: 6:47pm On Nov 10, 2022 |
![]() ![]() |
Re: EPL Chatroom - All Discussions by izzou(m): 6:48pm On Nov 10, 2022 |
Android17: Like i said, your analogy is exonerating him the more. GEJ wanted to stop it Buhari protested. Buhari became president and continued paying it. So if you are telling there's a cartel, it should be among the person that stopped his bread from being taken away. Buhari deregistered and re-registered any marketer doesn't change the fact that Nigeria is paying trillions for subsidy, and we are deeply in debt because of it. Just leave GEJ and Buhari out of this discussion. I was not even referring to them in the first place. |
Re: EPL Chatroom - All Discussions by Ibime(m): 6:49pm On Nov 10, 2022 |
obainojazz: Dollar falls when stock market goes up and vice versa |
(1) (2) (3) ... (686) (687) (688) (689) (690) (691) (692) ... (5181) (Reply)
Arsenal Fans Thread: Finally Reborn! The Red & White Army: FA CUP Champions 2020 / Fc Barcelona Fan Thread: "més Que Un Club" / Official Manchester United Fan Thread:''20 Times EPL Champion
Viewing this topic: Theflint1(m) and 5 guest(s)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 95 |