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....

FUEL SUBSIDY IN NIGERIA BETWEEN 1990 and 2023

What other things could Fuel Subsidy have done in decades in Nigeria?

- 1990: ₦2.5 billion

- 1991: ₦3.8 billion

- 1992: ₦5.1 billion

- 1993: ₦6.4 billion - 1994: ₦8.5 billion

- 1995: ₦12.8 billion

- 1996: ₦15.3 billion

- 1997: ₦18.5 billion

- 1998: ₦20.8 billion

FUEL SUBSIDY, LOCAL REFINERY, PMS PRICE:

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.

Zhongshan Fucheng Vs Ogun State.....

1. The ROMANCE started in 2007....

2. Ogun State Government did not take a loan of $74.5 million from Zhongshan Fucheng Industrial Investment Co. Ltd...... 3. The company was awarded a contract to manage a free-trade zone in 2007 by the then Ogun State Government.

4. The contract was revoked in 2015 by the then Ogun State Govt...

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"

THE VALUELESS OFFICIAL DOLLAR RATE....

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.

The story of Dangote Refinery & the need to ALWAYS have sensible LEADERS like Lagos State will forever remain a huge lesson....

Lagos makes more money by having SENSIBLE LEADERS who keep building on the achievement of the past leaders.....

Dangote Refinery: How Lagos Profited From Rivers, Ogun, Ondo’s Losses written By Abiodun Alade in 2023 Lagos was the cynosure of all eyes as it hosted former President Muhammadu Buhari, five other presidents, ambassadors, captains of industries, government officials and other international dignitaries at the commissioning of the Dangote Refinery and Petrochemicals in Ibeju Lekki.

The 650,000 barrels per day refinery is the largest single-train petroleum facility in the world. It would enable Nigeria to achieve self-sufficiency in refined products and even have a surplus for export.

Africa’s richest man and the president of the Dangote Group, Aliko Dangote, disclosed that the newly commissioned refinery would employ over 100,000 Nigerian youths, as well as generate over $21 billion, saving the country some huge forex that would have been used for fuel importation.

The Dangote Refinery and Petrochemicals is located at Dangote Industries Free Zone, which also houses, among other things, a fertiliser plant, purpose-built port, Dangote jetty, 435MW power plant that is able to meet the total power requirement of Ibadan distribution company, covering five states, including Oyo, Ogun, Osun, Kwara and Ekiti.

AN IDEAL MINIMUM WAGE AT N100,000

Let's assume we want to be more focused than the comedians leading the NLC at the moment, what do you think the MINIMUM WAGE should be in Nigeria?
I align with N100K but, we will have to look at the implication of that even at N100K

Thread🧵 If The labor force in Nigeria was estimated to reach over 75.5 million people in 2023, it means labor force now should be tilting towards 80 million Nigerians...
Out of this 80 million, ~2 million are engaged by the Federal Government. No State Govt has workforce above 250K.

DEFENDING NAIRA, WHO WOULDN'T WANT TO BE OVERNIGHT MILLIONAIRE?

Naira/dollar was officially N430 but at parallel market N750.

All I needed to become a multi millionaire was to have link to people in CBN or Banks.... Sir, I want to do a project, I don't want to disturb you... Please can I get $100K at official rate?

And the contact in CBN got it out for me while I paid official rate of N430/$

For $100,000, I would pay N430 X 100,000 = N43 million.

NBA Videos I have so far...
Summary: NBA President Yakubu Maikyau has not been allowing THEM to eat the purse of NBA as their customs used to be, rather he was spending his own money and encouraged others to do same...
They hate such a man, they wanted USUAL CHOP-CHOP🤣🤣 Yakubu Maikyau was simply not playing game with "them"🤣🤣🤣
Lovers of Nigeria, make una judge this case o...

This is where we keep getting things wrong in Nigeria & I'll use myself as an example for HND holders.

I had HND in Physics with Electronics from The Federal Polytechnic Ado Ekiti, Ekiti State. I graduated with Upper Credit in 2003.

So let's assume I want to do TOP-UP to BSc using the platform provided by @NBTENigeria which is a Govt agency, I will have to do that in FOREIGN COUNTRIES with FOREIGN CURRENCY, pay $50 fee and another $1000 to a foreign Institute when we have more than enough options here in NAIRA already🤣🤣🤣

The question is, do we have THINKERS in these agencies of Govt or all they wake up to do is collect salary, present budget and enjoy life? Who formulates these shallow Policies and what exactly are they paid to do?

As in Nigerians are being encouraged by @NigeriaGov to put more pressure on DOLLAR/NAIRA that's already a serious economic issue.

Are we serious in this Country at all?
@KashimSM @officialABAT @femigbaja @NGRSenate @SGFAkume Another funny thing about what @NBTENigeria is doing with this their conversion runs is that ALL the foreign Universities they are asking Nigerians to pay $1000 + $50 to are all PRIVATE UNIVERSITIES...

So, why not kuku make the conversion thing a Nigerian Private University relationship and ask people to pay the equivalent in Naira?

Do these people think at all?

FUEL PRICE & PERCENTAGE INCREASE IN NIGERIA HISTORY..

LET'S CHECK DATA👇

During Gowon till 1973: 6k to 8.45k...(40.83%)

During Murtala-1976: 8.45k to 9k..(6.51%)

Obasanjo as Military President -Oct 1,1978: 9k to 15.3k...(70%)

Shagari-Apr 20,1982: 15.3k to 20k...(30.72%) Babangida-Mar 31, 86: 20k to 39.5k..(95.5%)

Babangida-Apr 10, 1988: 39.5k to 42k (6.33%)

Babangida-Jan 1, 1989: 42k to 60k (42.86%)

Babangida- Mar 6, 1991: 60k to70k (16.67%)

Shonekan-Nov 8, 1993: 70k to N5 (614.29%)

Abacha-Nov 22, 1993: N5 to N3.25K (-35%)

HANDLING POST SUBSIDY GAINS & PAINS SENSIBLY

I had a lengthy conversation in office today because of what WE are all facing...The reality of this so called TINUBU POLICIES🤣🤣

Someone started with "Mr T, fuel has increased again o, ki lo n sele gan gan"? https://t.co/34e75wnt5C

https://twitter.com/thecableng/status/1681543729310515200

I responded in my usual offline way..."This is RENEWED SHEGE, UNA NO WANT LEADER WEY GET POLITICAL WILL AGAIN"?🤣

"Serious Mr T, NNPC just announced another high price now, WHY"?..

I read my earlier Tweet 👇
themhttps://twitter.com/dmightyangel/status/1681597607691337729?s=20

THIS SUBSIDY, THINK ABOUT THIS:

An average of N580 billion budgeted for January 2023 subsidy alone..
One month Subsidy, N580 billion, but The entire Lagos-Ibadan express road since Obasanjo era that we're just completing now only cost N300 Billion from scratch😂😂😂 With January 2023 subsidy money alone, we can actually build 2 NEW Lagos-Ibadan Express way from Scratch. Think about THIS.

LET THE SUBSIDY MONSTER OF CORRUPTION GO FINALLY..

Don't bring up the issue of when and how best to remove subsidy please, SUBSIDY is gone since Buhari presented 2023 Budget to the NASS. Buhari was only strategic enough to wait for Tinubu to say so!
vanguardngr.com/2022/10/2023-b… According to NMDPRA. Nigeria consumes average of 66.8 million daily. That figure was as at September 2023 & based on that the Budget was presented for Nigeria to spend N3.5 Trillion in 6 months on subsidy that the Super Rich enjoys in Nigeria.
LET'S THINK!
premiumtimesng.com/news/headlines…

Tinubu's journey to Aso Rock wasn't a fluke, it was a script that ought to be studied in Political Science. It's a game of Chess full of DELAYED GRATIFICATION.

Like him, hate him, you cannot deny that his #RoadToVilla was full of years of planning & connecting. After overcoming "do or die politics" of Obasanjo when he was a Governor till 2007, nothing suggested that he was planning his route to Aso Rock. All he began to do was to assist others to get to places of Influence across the South & North. He expanded his political influence.

Atiku's greatest Miscalculation in my view is his INCONSISTENCY. Nobody could trust him.

Till date, no VP in the history of Nigeria is as powerful & Influential as Atiku. So, he's had his political base SET before becoming the VP to Obasanjo in 1999.

He began to miscalculate!

https://twitter.com/fimiletoks/status/1651118078980239360

Every other move he made was in desperation of what he wanted but didn't plan for & I will explain my view on this.

He simply wanted to be Adamawa Governor as at 1999 before Obasanjo asked him to come and be his VP. How Atiku's ambition suddenly changed was his undoing.

NBS OLD & NEW METHODOLOGY

The previous methodology used by @NBS_Nigeria was based on the 13th International Conference of Labour Statistians..(ICLS)

The newly adopted methodology is based on the 19th International Conference of Labour Statistians..

What did they do wrong? The OLD ICLS standard said age 15-64 must work for around 40 hours+ in a week to be tagged EMPLOYED, the new ICLS says gives little or no regard to number of hours before you can be tagged EMPLOYED...

Why are journalists in Nigeria crying about new methodology?

TINUBU THE MASTER NEGOTIATOR

In the history of Democracy in Nigeria & Africa, Asiwaju Bola Ahmed Tinubu has been consistent when it comes to building bridges and negotiating just to help others to get to their desired Destination.

So how did he sell ACN/APC to others? He was the only Governor who escaped the whirlwind of Obasanjo PDP in the South West. In 2007, Oyinlola was declared winner in Osun State in an election full of MULTIPLE THUMB PRINTING.

Unlike now that @inecnigeria BVAS brought FREE, FAIR & CREDIBLE election, it was tough then.

Hello @PeterObi,
Just saw this audio conversation...

See, the way the devil completely used you to ridicule the Church this season ehn, the pain you caused the body of Christ with your demonic divisive ways....

You really called this election a Religious war in that… twitter.com/i/web/status/1…

https://twitter.com/dmightyangel/status/1064914591162015744?t=fgVRvaHewLiSbMlZuaXlOA&s=19

WAS INEC RESULT CREDIBLE IN THE SOUTH EAST?

So, let's start to check this FREE FAIR and CREDIBLE election @inecnigeria conducted and ask simple questions that the Media is running away from.

Can we ask those who came 2nd & 3rd to answer this question? Checking the Visualization dashboard of @AfDataWarehouse (africadatawarehouse.com/ngelection2023…) & others who monitored the election closely, out of about 2,182,828 million votes from the South East, @PeterObi of @NgLabour that came from that region got 1,952,690 million. That's 89.46%🤪