Technical assurance, project, and skills mgt expert. Advocate for personal improvement & good governance. Author, #SharpenYourBrand (available on Amazon).
Bowie, MD
Joined June 2014
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The reality we face is that fuel prices are too high for a struggling economy like Nigeria. Prices of fuel is same in USA ($4.30/gal) and Nigeria (N1,380/litre), while in contrast, federal min. wage in USA is $7.25/hr vs. N70k in Nigeria (i.e., $1,160 vs. $53 per month).
There's a lot that govt can do if it really cares abt the plight of the masses burdened by an inflationary economy partly driven by exorbitant fuel prices. You do not expect Dangote to be importing crude for its refinery and still sell products at very low prices.
Firstly, Nigerian govt can supply Dangote all the feedstock it requires. The refusal to even meet up with subsisting naira-for-crude deal leaves Dangote with no option than to import a good chunk of his feedstock and this comes at high landing cost considering he buys at global mkt prices, coupled with cargo freight & ins.
Secondly, NNPC was doing crude oil swap agreement with o/s refiners in the past, entailing shipping our crude o/s (with cargo freight & ins.), paying refining margins (refining costs) to some Texas refineries, and bringing back products (again, with freight & ins) whose qty could not be verified (their cargo ships probably made stopover in Malta to offload something).
Why can't NNPC now enter into crude oil swap agreement with Dangote, as it did in the past, which, this time, would be very transparent? In such arrangement, NNPC supplies Dangote 350-400,000 bbls/d (Nigeria's estimated domestic need) while Dangote buys the balance of its feedstock [i.e., 250-300,000 bbls/d] at international mkt price for export sales.
A crude oil swap deal with Dangote would see Dangote refine NNPC's own crude for sale at affordable domestic prices. It can bring down fuel prices by 30-40% and also reduce sensitivity of Nigeria’s economy to global events like the Iran war. Nigeria's poor economy needs fuel prices @AlikoDangote and his Refinery cannot be blamed for high fuel prices but can help if Nigerian govt is a willing partner - one that's honest & sincerely interested in improving the wellbeing of the masses. Instead of govt doing everything that's humanly possible to boost productivity in its comatose economy, they plan to boost dwindling govt revenue thru higher taxes when businesses are dying.
It's like your shop is facing dwindling sales. Instead of finding ways to reduce product prices & attract more customers to boost sales, you want to increase prices hoping to boost your gross revenue.
That is agbado economics logic for you, which only makes sense if you're selling narcotics to drug addicts who, when overwhelmed by cravings, must find a way to still buy products when drug dealers increase prices.
Nigeria will never be ok under Tinubu, a patently corrupt man, who's been soaked in malfeasance for most of his adult life and thinks bookkeeping for narcotics biz makes him a sound development economist needed by a country where estimated 63% are now in multi-dimensional poverty.
All you APC morons & bigots that keep defending evil are sadly cheering while their country is being ravaged & destroyed by a criminal enterprise. Nigerians must rise up & save their country by voting Tinubu out of office.
@DavidHundeyin @ruffydfire @seunokin @BwalaDaniel @DangoteGroup
Ebere Anosike retweeted
“Every day, Peter Obi comes out to tell Nigerians what he will do about insecurity, the economy and other issues. Does it mean Nigerian news media can’t invite President Tinubu for an interview so he can also tell Nigerians his plans and why they should vote for him in 2027?”
— Young Nigerian youth calls out Nigerian news media.
Mr.wgosendyou // TT
These are the 2 most outstanding or boldest criminal histories in a country since its independence...
🆘One convinced a Brazilian bank to invest $242m in a non-existent airport. Imagine using a fake airport to scam a bank!
🆘The other one:
❌Has ever-changing dates of birth (3 versions).
❌Claimed to be an indigene of a particular state, while most of his relatives are from elsewhere. To be fairer to him, he recently remembered his hometown by establishing a uni there in 2025 (Fed University of Agriculture & Dev Studies, Iragbiji).
❌Claimed to have attended a named primary school, which was false.
❌Claimed to have attended a named secondary school, which was false.
❌Entered college in USA, after forging ID of a female (only God knows what happened to the female).
❌Claimed to have attended University of Chicago, which was false.
❌Manufactured his own copy of Chicago State University certificate, which he claimed to have lost.
❌Claimed to have worked for many companies, incl. Deloitte, which was false.
❌Was part of a heroin drug cartel, in collaboration with his wife’s brother-in-law.
❌Now uses his Consiglieri, a renowned money launderer to execute unbidded govt contracts.
🛑One got 25yrs jail term, while the other is daring you to vote him out of office, if you can. If he survives, he'ld end up cementing the country's reputation as a land of famous scammers.
@ruffydfire
Ebere Anosike retweeted
When Umahi finishes building that road, we will call it "Mary Habila Memorial Expressway." shameless lots in power a dog that pretend to be a sheep, will one day bark by a mistake it's just a matter of time. The singing parrot is at it again Umahi rest shaa you no they shame ehn
Ebere Anosike retweeted
"In September 1964, Tafawa Balewa wrote the world bank to borrow $82m to build the Kainji Dam, so we were able to generate over 1000 megawatts of electricity. Almost 60years later we cannot generate over 4000 megawatts. It's not acceptable". ~Peter Obi
Ebere Anosike retweeted
A 76yrs old man has borrowed the nation into stupor and told the lenders that Nigeria is will pay back by 2050, a year wherein his bones will already be rotten under 6ft.
Tinubu is a crook!
1/11
Proposal for State Police in Nigeria
Nigeria’s security architecture is now being overwhelmed by perennial insurgency facing the country. Whereas the military is doing its best, an area that requires drastic improvement is our policing framework that provides local and community surveillance. There is an urgent need to reform the police arm of our government security architecture.
Our present police architecture is centralized, making it very weak in terms of operations, surveillance, resourcing (funding and manpower), and flexibility to cope with local exigencies. It is also highly unresponsiveness (maybe, too reactive), and morbidly corrupt. Efforts by past governments to reform Nigeria Police, largely aimed at addressing human rights atrocities, have also largely failed.
Nigeria needs to decentralize its Police system to cope with the present scourge of insurgency. We can no longer ignore this reality. A situation where pupils are now afraid to go to school in many communities is alarmingly incredible.
There are welcome reports that Nigeria’s Parliament is presently debating the creation of State Police. This is a very welcome development. This article is therefore very timely, as it outlines key features of proposed State Police architecture that should be considered by our lawmakers and all stakeholders.
This is an update to an earlier post, now modified to include some critical success factors or enablers that need to also be addressed to make State Police work.
@channelstv @seunokin @ARISEtv @abati1990 @ruffydfire @NigBarAssoc @PoliceNG @PSCNigeria @inecnigeria @officialEFCC @fmojustice @HouseNGR @NGRSenate @SupremeCourtNg @NGRPresident
10/11
Benefits of Implementing State Police in Nigeria
(a) Enhanced Local Policing: State police can address local security issues more effectively than federal forces, leveraging grassroot or local intelligence networks easily available at their disposal.
(b) Community Engagement: They foster better relationships with communities, improving trust and cooperation.
(c) Reduction of police atrocities: Police will be more prone to protect the citizenry who are their neighbours, contrary to the present arrangement where policemen from different states commit extra-judicial atrocities w/o fear of God, respect for their far-away Abuja Authorities, or any repercussions.
(d) Rapid Response: State police can respond more quickly to emergencies and crimes in their jurisdiction.
(e) Manpower Resourcing & Funding Allocation: State and Local governments can allocate more resources based on their specific needs and challenges, and this will also contribute to improvement of welfare of police personnel. The states can also implement local Security Tax on businesses to improve Police funding. Also, private individuals and businesses can take advantage of tax relief for donations to Police funding that is more transparently managed.
(f) Reduction of Crime Rates: A localized force can design and implement tailored strategies to combat crime effectively.
11/11
Critical Stakeholder Support
One key challenge for this proposal is getting wide stakeholder support from our top political actors for this new model where Police leadership is not controlled by the Executive but by an independent Attorney-General.
Police architecture controlled by the Executive Arm of government can easily be used to go after or intimidate perceived or actual political opponents, which can include their predecessors, unless we have an independent-minded Attorney-General in charge.
It is therefore important for sitting governors and parliamentarians to support this model where the State Police does not report to the Executive, not only on moral grounds, but also, for their own long-term interest and posterity. They should remember that they will not remain in office forever.
I further plead with well-meaning Nigerians in general to fwd this proposal to their parliamentarians at both State and Federal levels. They should at least consider all the issues raised herein (and many others, of course) as part of their legislative process during State Police consideration.
Ebere Anosike retweeted
“As governor, my ADC was from Kano and he remains the best policeman till date. When they call Peter Obi ‘black’, verify the claim.”
— H.E. Peter Obi
