I listened to EVERYTHING FESTUS OSIFO the PENGASSAN President said in this 37 minute interview.
I have never had a complete package tutorial around Oil and Gas issue like this👌👌
No Meda personality has ever brought this level in clarification to the issues around Dangote Refinery, NNPC, Pricing, Crude Supply, TAM in NNPC, Downstream sector, FX floating etc....
FESTUS OSIFO the Pengassan President giving real breakdown of how Oil and Gas costing is calculated and other issues around Dangote PMS price and why NNPC is the one buying alone for now....
FESTUS OSIFO 👌👌👌
Now, it's ok not to agree with everything he said, but don't block your mind from learning, unlearning and relearning....
The conversation must continue UNTIL we know what we want. There is practically no other way to get a cheap price of PMS outside SUBSIDY. All these noise and emotional talks are just not making any logical sense.
ALL the leading Presidential candidates said SUBSIDY MUST GO & WE ALL VOTED FOR THEM......We simply agreed with ANYONE who won to remove subsidy, that's what it means.
We cannot spend $40bn on subsidy and less than half on education & health - Peter ObiLabour Party's presidential candidate on @ARISEtv
You see all those new argument about, "I will put some things in place before removing subsidy" is just illogical brain dots....
The question was clear enough before election & the answer by Tinubu the winner, Atiku and Peter Obi was CLEAR enough...By June 2023, Subsidy would go.
Every other gymnastic statement AFTER the winner removed subsidy was just lazy talk without any substance, Nigerians and I meant all of us would have felt the pain EXACTLY the way we are feeling it now irrespective of who won and removed subsidy with FX market unification.
The Old Argument by individuals who didn't want to go straight about removal was that "at least I will ensure LOCAL REFINERY is in place before removing subsidy"....
That in itself is a RED FLAG of a deceiver seeking to be elected by all means, NO PRESIDENT sworn in among them in May29 2023 could have fixed anything in LOCAL REFINERY in June their 1st month.
That's a Presidential candidate propaganda. You couldn't have shit before removing subsidy you promised to remove IMMEDIATELY.
FG RICE REVOLUTION POLICY AND WHY THINGS MESSED UP....
I have found out that once you join emotional drama of pointing accusing fingers at the Politicians ONLY, everyone seems COOL & OK.
Ok, let me say Politicians messed it up so that you will be happy & you can logically join this conversation....
Buhari started something in 2016 that the Elites were against when he said we must produce what we consume....A task force was set up.
A panel was set up and every stake holder was involved in 2016....
The purpose of this policy well defined:
"A policy document seen by Reuter late last year showed that the Government aims to be self sufficient in both rice and wheat production within three years"
HELLconomists on Social Media with big big degrees were everywhere & they were against everything...."Why closing border, you want to kpai Nigerians"
When Govt stopped importation, we were against it, When Govt plans to start importation, we are against it.....We are against EVERYTHING but that's not even the focus now🤣🤣
By August 2019, Govt had moved further to close border and the purpose of that closure among other things, was to encourage LOCAL PRODUCTION....
Let's even have a conversation on this OFFICIAL DOLLAR many have been talking about and they want Govt to peg it at N500....
Who used to have unhindered access to OFFICIAL RATE?
1. Politicians irrespective of their party affiliation. Are you?
2. The high and the mighty in the Society who could simply call people at CBN to arrange thousands of dollars for them at official rate.....Are you?
3. Top guys in the Banking sectors, Top Govt officials in MDAs (I can give example with location sha)..
4. Top business men and other elites in that class.
5. A few Nigerians trying to sort their admission out in foreign Countries...Out of these, some still gamed the system in collaboration with bankers (If you know, you know)... Are you one of these people?
If YOU or anyone around you have been part of these groups (maybe except group 5), you ought to be in jail.
Let me give you an example of DARK DEALINGS, just one😇😇