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*Madness Everywhere*From PMS import to Crude Oil import. .04 March 2024The problems of Nigeria is humongous in extent an...
06/03/2024

*Madness Everywhere*
From PMS import to Crude Oil import.

.
04 March 2024

The problems of Nigeria is humongous in extent and chaotic in detail.
In our efforts to end PMS imports, we graduated to crude oil import.

Nigeria is Africa’s largest crude oil producer, in close competition with Angola, but we will NOW rely on partial crude oil import to service Dangote Refinery.
Why?
Because NNPC sold or mortgaged Nigeria crude oil for the next 15 years to obtain a $3 billion dollar loan.
The reason for the loan was to boost our foreign reserves and defend the Naira.
Guess what!
Nigeria has received the $3B loan and the naira further depreciation significantly, thereby defeating the purpose of the loan.
And Deadi body geti accident, because Nigeria saw no benefit for the $3B loan and now, NNPC, with 20% stake in Dangote refinery cannot supply enough crude oil for Dangote refinery.
We simply created another problem while trying to solve a problem. We ended up with 2 problems, continued Naira depreciation and crude oil import for Dangote refinery.
This is my next question?
Where will Nigeria get crude oil supply to Port Harcourt refinery when it comes onboard?
What about the modular refineries we are busy commissioning. Where will they get crude oil supply from? Importation ofcourse.
Nigeria is not divided into BATISTS and non BATISTS but many Batists and the Batified have defended crude oil import by Dangote refinery.
My answer to them is that
1. Crude oil imports by Dangote refinery will increase the unit cost of pms produced by Dangote.
2. ⁠Pressure on the Naira since we will pay for crude imports in USD.

It now seems obvious to me that crude oil import was part of the plan of Dangote refinery from the onset.
My submission is based on the fact that Dangote refinery with a processing capacity of 650,000 barrels per day will require a daily inventory of 1,000,000 barrels of crude oil.
But the total daily crude oil production by Nigeria is 1,300,000 barrels per day.
Welcome to transformation in Nigeria.
From PMS import to Crude Oil import.
Our problems are indeed, Chaotic in detail!
Many thanks to Mele Kyari!

*What would Peter Obi would have done differently?*Peter Obi would not give 1.9 billion Naira to buy cars.Peter Obi woul...
22/02/2024

*What would Peter Obi would have done differently?*

Peter Obi would not give 1.9 billion Naira to buy cars.

Peter Obi would not buy 5 billion Naira Yatch.

Peter Obi would not give 20.1 billion Naira to Datti to renovate his residence.

Peter Obi would not allow law markers to buy a car of 160 million Naira each when millions of Nigerians could barely eat.

Peter Obi would not appoint his son-in-law as head of FHA and also approved 126 billion for him on the second day.

Peter Obi would not hijack oil blocks and contracts for his nephew.

Peter Obi would have invested in agriculture, primary health care, education etc.......

He would have given Nigerians us a breakdown of how much have been saved from subsidy since the month it was removed and tell us where the money is being invest and ask us to go and verify every single kobo spent.

Peter Obi won’t increase the price of schools fees when people are still struggling

Peter Obi won’t put housing first when people are suffering. Over 126billion naira was approved for his in-law

Peter Obi would have started with security and electricity. Only the goodwill of men would have helped him. People in diaspora would have sent their hard currencies because they trusted him and he would have enjoyed support of the masses

Peter Obi wouldn't have approved the sum of N3 billion to his inner cycle loyalists, just for the purpose of identifying 11 million vulnerable citizens in Nigeria.

Peter Gregory Obi would not pack over 1000 irrelevant people to a summit in Dubai

Peter Obi would not travel on medical trips to France every Eke market day. He would have visited all the power stations in the country and would have started doing something about electricity.
He would have visited north many times to do something about farming.

Peter Obi would not embarrass Nigeria this way

Peter Obi would have been negotiating contracts directly himself and make sure no contract will be padded.

Peter Obi will not have removed subsidy recklessly without well thought out plan in place to caution the effect of the removal. He would have done it in phases.

Peter Obi wouldn't have released the sum of 24,143,494,567.32 billion naira to the NAHCON Chairman through Datti's office.

Peter Obi will never listen to and implement IMF policy ideas against home grown solutions

Peter obi would have set up the diaspora remittance scheme rather than going cap in hand to borrow from IMF, nexim bank or world bank. Over 20billion. Peter obi will attract FDI in numbers.

Peter OBi would have reduced salaries and allowances of president, vice president and nation assembly members from day one. Up to the government department and Agencies and Peter obi would have increased minimum wage before Removing fuel subsidy.

Peter Obi would have inspired confidence from Nigerians, home and abroad. International lenders and investors would be confident the Govt is serious.

Obi will have listening ears especially to the poor, and with pressure of high expectations from the youths, he will definitely put in 100% work, every well meaning Nigerian saw the light.
OBIDATTI ARE VISIONARY LEADER💯

And because Peter Obi will not do all these,you'll see a working National Assembly and a functional Judiciary delivering justice thus creating the rule of law which inturn will attract foreign investment because investors will believe in the justice system of the nation.

*The current terrible hardship in Nigeria wouldn't have happened under Peter Obi*

Please look at the price of the top of the range Toyota Land cruiser (Invincible) carefully. Remember NASS budgeted N160...
27/10/2023

Please look at the price of the top of the range Toyota Land cruiser (Invincible) carefully.
Remember NASS budgeted N160,000,000 for each, abi, okay.

At today’s rate £1 = N1,302.
Okay let’s do some mathematics.

If one Top of the range Toyota SUV (in the UK) cost
£61, 354 x 1,302 (today’s exchange rate) = N79,882,908.0
So the cost of one SUV in Naira will cost = N79,882,908.00
Lets add shipping cost say N5,000,000 (because we know and have shipped cars to Nigeria in containers, not RORO). Let’s add another N5m for unexpected expenses. The equals N94,882,908.00 (for argument sake let’s round it up to N95m.

Now NASS & APC are telling us that one SUV cost N160,000,000.
Let’s deduct
N95m from N160m = N65m.

Two questions:
1) So, does it mean that the budget for new SUV’s for NASS was padded?
2) So, who pocketed the difference of N65m on each SUV?

If you want to keep buying the lies of NASS, please kindly go ahead!

“the thing speaks for itself”.

20/10/2023
*BREAKING: Your Angry Rhetoric Can’t Override General Interest Of Nigerians, Don’t Return To My Court — U.S. Judge Nancy...
02/10/2023

*BREAKING: Your Angry Rhetoric Can’t Override General Interest Of Nigerians, Don’t Return To My Court — U.S. Judge Nancy Maldonado Warns Tinubu*

_Ms Maldonado, a district judge, said in her ruling ordering release of Mr Tinubu’s records that the Nigerian president should not bother returning to her court to attempt obtaining another temporary postponement of the disclosure._

Read more at:

Your angry rhetoric can’t override general interest of Nigerians, don't return to my court — U.S. Judge Nancy Maldonado warns Tinubu     Judge

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