EasternActivist:
I though this woman is learned.

If we have our refineries up and running won't it crash the fuel price even more to N80 or lower?

Smh for this woman.

It won't.

1.Even at full capacity, our refineries won;t be able to produce enough for all our needs. Keep in mind that the newest of the refineries was opened in the 1980's...when our fuel needs were less than they are now.

2.And Dangote refinery won't save us. Dangote took a loan of $6bn to build his refinery...which means when the refinery comeson stream, either fuel subsidy goes, so that Dangote can make back his money, or he exports all his fuel abroad.

3.We need at least three new refineries to produce enough fuel....which means $30bn needs to be spent. And you won;t want that cash to come fromour foreign reserve.

4.Only way we can reduce fuel prices...remove subsidy, allow prices to be set by marketers. Yes, fuel goes up to N200 and above, but more investment flows in, and eventually we get new refineries, new infrastructure, possible increase in forex from exporting refined priducts, and eventually prices crash. Neither APC or PDP is proposing that solution. NLC does not like that so;lution.

efilefun:
With crude at $80/bbl and exchange rate at N305/$? (special fx by FG for importers)

A barrel of crude is about 200 liters of crude.

But the unfortunate blockhead yoots won't see thru the lies but keep screaming Atikulooting.

A barrel of crude oil contains 158.98 liters (~~159 litres) not 200

Zico5:
I thought this woman was sane until recently I began to mind her utterances. She thought she knows it all whereas she is delusional. She complains about anything whereas her life is far from being perfect. I wonder how her husband cope with such egocentric woman. may God have mercy on u.

you that is sane, answer her question. Where will FG get money to subsidize?

Topmaike007:
Dem don already start see above you and see nonsense

They are very predictable. Nonsensical reasoning is ingrained into their dna

PDP is a bunch of illiterates, I was surprised when I saw the unreasonable and unrealistic populist card they are playing. It is not only Nigeria that is producing oil, Russia has more oil than Nigeria, fuel pump price is about $1, nearly everywhere in the world, $1 is the benchmark for pump price/liter.

efilefun:
With crude at $80/bbl and exchange rate at N305/$? (special fx by FG for importers)

A barrel of crude is about 200 liters of crude.

Just dividing the $80 (N24,400) by 200 liters already gives a price of N122/liter without any processing.

So, by the time you factor in refining and transportation costs, THERE IS NO WAY the price will come as low as the 85/90 naira price PDP are claiming to reduce the price to.

But the unfortunate blockhead yoots won't see thru the lies but keep screaming Atikulooting.

Processing costs would even push the price of fuel above N145......

You are right....even IF we refine all our fuel at home...we woould have to pay increased subsides to keep prices at N90.

I don't like GEJ...but when he raised prices to N140 in 2012...it was harsh, but realistic. Same thing when Buhari riased prices to N145.

theoldpretender:


It won't.

1.Even at full capacity, our refineries won;t be able to produce enough for all our needs. Keep in mind that the newest of the refineries was opened in the 1980's...when our fuel needs were less than they are now.

2.And Dangote refinery won't save us. Dangote took a loan of $6bn to build his refinery...which means when the refinery comeson stream, either fuel subsidy goes, so that Dangote can make back his money, or he exports all his fuel abroad.

3.We need at least three new refineries to produce enough fuel....which means $30bn needs to be spent. And you won;t want that cash to come fromour foreign reserve.

4.Only way we can reduce fuel prices...remove subsidy, allow prices to be set by marketers. Yes, fuel goes up to N200 and above, but more investment flows in, and eventually we get new refineries, new infrastructure, possible increase in forex from exporting refined priducts, and eventually prices crash. Neither APC or PDP is proposing that solution. NLC does not like that so;lution.

That's why we need young minds like yours to rule

Ngasky:

A barrel of crude oil contains 158.98 ~~159 litres not 200

That even makes it worse cuz rough price becomes N153+ per liter

Dude397:
In other news, Happy birthday to me!!! I thank God for the gift of life and being able to complete the 365 day circle even tho i don't have food to eat not to talk of celebrating but I'm greatful for the priceless gift of life.
Any good Samaritan can help make my day memorable. It'll never be forgotten. God bless us all. And may we all see the end of the year and many more years ahead. Amen.... 0087221630 Diamond Bank.....

hahahahahahahahahahah guy man

Zico5:
I thought this woman was sane until recently I began to mind her utterances. She thought she knows it all whereas she is delusional. She complains about anything whereas her life is far from being perfect. I wonder how her husband cope with such egocentric woman. may God have mercy on u.

Talk about the topic stop being an attack dog.

theoldpretender:


Processing costs would even push the price of fuel above N145......

You are right....even IF we refine all our fuel at home...we woould have to pay increased subsides to keep prices at N90.

I don't like GEJ...but when he raised prices to N140 in 2012...it was harsh, but realistic. Same thing when Buhari riased prices to N145.

They should just permanently remove this subsidy & stop dashing billions daily to importers

#Butiku Indeed

Ijaya123:


They are very predictable. Nonsensical reasoning is ingrained into their dna

yeah you predicted well

EverestdeBliu:
Madam mind your own business.... Face your campaign and analyzing other people's strategies.

Honestly, I hate the way she's going about wanting to be Nigeria's president. It won't work for her that way.... Face your campaign, leave other people alone.

Ijaya123:
Madam Oby, you just nailed it in the head...

Waiting for misguided ipob miscreants to start casting aspersions on their own ‘daughter’ here and start worshipping a Fulani man.

Confused and gullible set of being.

Look up, they have started already.
We did it to Ojukwu in 2003, 2007 and to that General in 2011. I don't take my brothers seriously anymore. We have been reduced to empty barrels. Making noise here and there while majority of us don't even have PVC talk more of participating in an election.

What pdp is sayin is that the govt says they are subsidising by N60 per litre. So if you are subsidising by N60, then pump price should be about N90 which is landing cost-N60.

efilefun:
With crude at $80/bbl and exchange rate at N305/$? (special fx by FG for importers)

A barrel of crude is about 159 liters of crude.

Just dividing the $80 (N24,400) by 159 liters already gives a price of N153.4/liter without any processing.

So, by the time you factor in refining and transportation costs, THERE IS NO WAY the price will come as low as the 85/90 naira price PDP are claiming to reduce the price to.

But the unfortunate blockhead yoots won't see thru the lies but keep screaming Atikulooting.

Jiang:


They should just permanently remove this subsidy & stop dashing billions daily to importers

They should...but it isn't politically popular.

For ordinary people,it means higher fuel prices. For NNPC, it means an end to the corruption...well most of it.

Yet, despite the higher prices, oil subsidy removal makes sense long term for an economic point of view. The problem is, most of us Nigerians have been suffering too much to see this vision.

being:
What pdp is sayin is that the govt says they are subsidising by N60 per litre. So if you are subsidising by N60, then pump price should be about N90 which is landing cost-N60.

Note that a barrel of crude cost N153.4 WITHOUT ANY PROCCESSING.

Processing is what you do to turn that barrel of oil into fuel,kerosene, diesel, etc.

And proccessing adds to the costs.

Zico5:
I thought this woman was sane until recently I began to mind her utterances. She thought she knows it all whereas she is delusional. She complains about anything whereas her life is far from being perfect. I wonder how her husband cope with such egocentric woman. may God have mercy on u.

I thot pdp/atiku have alway craved for issue base debate, now they have one i hope someone comes out to counter oby ... shouting atikulated when most of you donnt even posses intelligence to decipher the true state of the economy ... everything about atiku promises sounds too familiar & lacks honesty ... please make sure you vote that atiku ,buhari will win i donnt want you to have a personified excuse

You are right man...Atiku paid agent are called AMC

tj2018:
Meeen.. from what am seeing online, Atiku as actually spent so much dollars on social media. som any paid agents, they just lookout for the keep work Atiku and then attacks any negative comments on Atiku. We are finished;

Zico5:
I thought this woman was sane until recently I began to mind her utterances. She thought she knows it all whereas she is delusional. She complains about anything whereas her life is far from being perfect. I wonder how her husband cope with such egocentric woman. may God have mercy on u.

she made a valid point from her economical standpoint, and you made one from an ignorant standpoint. Case closed.

theoldpretender:


Note that a barrel of crude cost N153.4 WITHOUT ANY PROCCESSING.

Processing is what you do to turn that barrel of oil into fuel,kerosene, diesel, etc.

And proccessing adds to the costs.

Also note that a barrel of crude is about $72 not $80

“This is 419, and it betrays the PDP candidate’s ignorance of how
Basic Economics and the solutions Nigeria truly needs.

“The country ended 2018 with 4trillion of Fiscal Deficit.

“Where will they find money to slash fuel price? Even if FG had such money, is it because they want another round of Subsidy-Slush Fund that they want to take the country deeper into the corrupted and market-distorting fuel price fixing method?

The part in bold is why PDP want to return to power.

being:
What pdp is sayin is that the govt says they are subsidising by N60 per litre. So if you are subsidising by N60, then pump price should be about N90 which is landing cost-N60.

Even after subsidizing it by N60 that leaves it at about N97 without factoring the processing fee and transportation. So theres no way that 87/90 naira price is possible lets be realistic

Zico5:
I thought this woman was sane until recently I began to mind her utterances. She thought she knows it all whereas she is delusional. She complains about anything whereas her life is far from being perfect. I wonder how her husband cope with such egocentric woman. may God have mercy on u.

But it glaring, that the PDP is deceptive about reducing the pump price to 90, you and I knows it is not possible. Similar line APC used in 45 naira pump price and N1 to $1 thing, look at where we are now. Oby is not ranting, she is making sense, my vote goes to her or the sahara reporter guy.

Madam

yeyeboi:
FTC On FP


I Dedicate This FTC To All Atikulated Supporters , 2019 The AIM Is To Send The Lifeless Back To Daura And Make Nigeria Great Again












No Matter What You Say I Have Been Atikulated , This Woman No Get Talk For Mouth

No problem. You're free to vote blindly and allow your children children lives to be Atikulooooooooted afterall your own life is meaningless to you.

PDP + Atiku = SCAM

Proffdada:
you that is sane, answer her question. Where will FG get money to subsidize?

simply by cutting the corruption associated with the current subsidy regime where 30m litres per day consumption is inflated to 60m per day, imagine what the savings can do if it is done transparently

*HOW ATIKU MADE NIGERIA THE POVERTY CAPITAL OF* *THE WORLD:*

A. NigerDock is the largest ship fabrication yard in West Africa sub region. When it was sold, its Ex-MD Engr. Nkpubre Okon, openly stated how "Mr Job Creator" ignored the Transport Ministry then to Open bid for NigerDock.

The VP's camp preferred bidder, 'Global Energy' that agreed to increase NigerDock's workforce from 4,800 to 6,000 as part of privatization agreement dismissed 2,200 immediately it took ownership. Jagal Group that took over after Global Energy lost out on power play also sacked 1,400.

B. Nigeria Port Authority reform was purely contrived to grab landed properties. 10,000 workers were sacked & 133 bids opened for NPA properties consisting of 68 properties in Apapa, 28 houses in Ikoyi. The highest reserves bid was for a property in Ikoyi fixed at N390.4 Million.

C. NIGERIA RAILWAY
Did @atiku forget how 7000 railway workers were sacked in 2005 without compensation to reduce its workforce to 6,300? Another 1,260 were fired in 2006. When ATIKU and his Headmaster were leaving in 2007, they left ~N5 Billion in unpaid Railway pension arrears.

D. FEDERAL SECRETARIAT IKOYI
In 2006, Babalakin's Resort Ltd acquired this 15 storeys prime asset overgrown with weeds from @atiku and OBJ through a Development Lease Agreement (DLA) for N7.2Billion. A Court has asked Buhari to pay N54 Billion to Babalakin for their blunder. https:///cD7bTBBD6f.

The DLA, dated October 10, 2006, granted Resort Ltd a 99-years lease to redevelop the Federal Secretariat complex, that OBJ & ATIKU had abandoned for 7 years into 480 luxury apartments. This was at the eve of their departure from government. The transaction was one for the road.

The DLA hit the rocks when Lagos State Govt in the interest of the public indicated willingness in acquiring the Federal Secretariat complex. LASG insisted it should be accorded right of first refusal since LASG is the Issuing Authority of the C of O, coupled with other reasons.

Finally, lets compare OBJ & @atiku's first 3yrs in power to the first 3yrs of PMB that hasn't retrenched one civil servant, but has bailed out states on salaries. Lets not forget Atiku was in charge of the economy and OBJ gave him free hand until Galaxy Backbone scandal happened.

In 2002, first 3yrs of the ENDORSEE and the ENDORSER, manufacturing accounts for 6% of GDP. Nigeria's GDP fell by half for d first time in 20yrs. This was d year all textile factories in Nigeria closed down and unemployment was 28% within d formal sector alone; I repeat, alone!!

In 2002, UN estimated that 70% of Nigerians live below poverty line compared to 48.5% in 1998 under a military rule. Life expectancy fell from 54yrs to 51yrs. Two-fifth of every child below age 5 were malnourished and only 50% of d 128Million Nigerians have access to clean water.

copied:-
FACTUAL REPORT ON HOW ATIKU SUPERVISED THE SALES OF OVER 145 FG INVESTMENTS AS A VICE PRESIDENT !!!

Please I do not have any partisan political agenda, rather factual report on ATIKU as a Presidential aspirant in Nigeria.

Please any or all ATIKU supporters or his campaign structure are free to deny these submission with facts not sentiments.

“As Head of National Council on Privatization (NCP), from 1999, @atiku dug Nigeria's economic grave for today's extreme poverty and unemployment.

There were over 600 federal assets when @atiku's NCP started selling.

Atiku should tell us who bought what and what was left for the country when he left power.

Nafcon
Eleme Petrochemical
Daily Times
Ughelli Power
Egbin Power
NICON Insurance
ALSCON
Transcorp Hilton Hotel
NICON Luxury Hotel
Sunti Sugar Ltd
NetCom House
Bacita Sugar Ltd
MM2

In 2007, Onigbolo Cement operating at 500,000 tonnes per annum was sold to Dangote at N1.7Bn �

To those selling Atiku, let me remind you of @NGRSenate public hearing of August, 2011 which succinctly captures how @atiku through retinue of cohorts, fronts, shell companies, ring fenced over 70% of FG's assets through a brazen daylight robbery privatization that he supervised.

This is nothing sensational. Its real life facts and all the Senators are alive today.

The 2011 privatization Senate committee was made up of Senator Ahmed Lawan – Chairman, Senators Babafemi Ojudu, Philip Aduda, Mohammed Ndume, Ifeanyi Okowa, Hope Uzodinma and Mohammadu Magoro.

Lets look at Aluminium Smelting Company, ALSCON, that Atiku privatized.

ALSCON which Nigeria built with $3.2 billion, was sold to a Russian firm, Russal, for $130million. As of the time of sale, ALSCON had received $120million for the dredging of Imo River, but was never done.

When the Senate Seating of August, 2011 asked the Russian company the whereabouts of the $120million dredging money, the company's Deputy Managing Director, Vitaly Kuzrestov, said that the money has been used for Environment Impact Assessment." EIA kii you there. �

FG's Five percent share in Eleme Petrochemical worth USD27 million was never presented to at the National Council on Privatization before t'was sold to Indorama.

Indorama recovered this amount selling Polyethylene and Urea to the entire west Africa sub-region in just 14 months.

The Atikulate Business Theory: Sell to yourself Government assets that leaves millions in penury, to set up personal businesses that provides for a few. @Atiku didn't employ the few hundreds he employed because he likes them, he needs them to work to preserve what he took from Government.

Fam, the business acumen of Atiku you are bandying about is smelly.

A man who supervised sales of over 145 federal investments as a vice president, without a thought for today wants to be president.

He didnt revitalize them.

He didnt resuscitate them.

He sold them to whomever.

May Nigeria �� succeed”

efilefun:
With crude at $80/bbl and exchange rate at N305/$? (special fx by FG for importers)

A barrel of crude is about 159 liters of crude.

Just dividing the $80 (N24,400) by 159 liters already gives a price of N153.4/liter without any processing.

So, by the time you factor in refining and transportation costs, THERE IS NO WAY the price will come as low as the 85/90 naira price PDP are claiming to reduce the price to.

But the unfortunate blockhead yoots won't see thru the lies but keep screaming Atikulooting.

I admire your analysis but hell, this is it. The workings of any economy isn't static owing to varying factors which could lead to the appreciation of it's currency.

With the inevitable change in govt (with Atiku at the helms), it would receive a colossal acceptance from the already tired masses leading of course to stability of the polity. This in itself would give rise to monetary speculations favourable to the Naira (I hope u know what I mean).

Atiku being an accomplished bussines man with track record and in synergy with his deputy who equally is an astute intellectual in bussines, working business models and it's associated paraphernalia, sure as hell would have revitalized and revamp the Nigerian economy into a world recognized working model (you aren't oblivious of the massive Nigerian resources in human and mineral stocks that abound within and without the country), hence you will agree that these variables would have ignited a rapid drop in Inflation rate...
What these would have achieved for us is a Naira that is strong, virile and robust, literally appreciated amongst the comity of currencies and you by now know what it neans, an exchange rate less than N180 to a $, do the beautiful arithmetic you had previously done using the revised parameters I have posited and see if Pump Price of Fuel wouldn't sell for the proposed figure by the PDP Atiku-Obi camp!

2019 Atiku or nothing, and by the way, who takes this Ezekwesili woman serious sef...she always appears to me as the last 4 letters in her name.