Gas Subsidy: The Genesis and Nemesis, by Adedamola Adetayo

Gas Subsidy: The Genesis and Nemesis, by Adedamola Adetayo
Fuel Subsidy
Gas Subsidy


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Gas Subsidy: The Genesis and Nemesis, by Adedamola Adetayo

ORIGIN.


1. Up to now, we had FOUR (4) REFINERIES.

Two (2) in Portharcourt, One (1) in Warri and one other One (1) in Kaduna.

Crude oil was pumped into these 4 REFINERIES and we obtained all of the merchandise we wished.

Even at the moment, the 4 Refineries couldn’t meet our consumption in Nigeria and we needed to import the stability.

I’m not certain anyone bothered to seek out out why the 4 Refineries couldn’t meet our home wants for gasoline, maybe we have been servicing Benin and Niger Republic and God-knows what number of different Republics we serviced.

There was the ATLAS COVE JETTY constructed someplace on the fareway bouy, off the Lagos coast, very removed from city the place all merchandise have been acquired by the NNPC.

It’s owned by the NNPC.

2. There have been NNPC FUEL DEPOTS everywhere in the nation.

There’s one in Mosimi in Sagamu, Apata in Ibadan, Ilorin and so forth and so forth

We additionally had the MAJOR MARKETERS on the time: Mobil, Texaco, Shell BP which grew to become NATIONAL OIL, AP and so on.

Every of the Main Entrepreneurs had their DEPOTS at a spot in Ijora-Apapa.

That space was DESIGNATED IN THE MASTER PLAN OF LAGOS for Gas Depots.

I consider the Depots of the Main Entrepreneurs acquired their consignment immediately from the ATLAS COVE

I consider there was a community of underground pipes which conveyed the merchandise from the Atlas Cove to the Ijora-Apapa Depot’s and in addition to the Mosimi depot.

I consider Mosimi pumped gasoline to Ibadan and Ibadan to Ilorin and so forth and so forth.

The Main Entrepreneurs distributed petrol round Lagos with the tanker vehicles. I consider, and infact there are evidences to indicate, that many of the gasoline going to the Northern elements have been transferred by way of particular rail tankers and never street vehicles.

FUEL WAS PUMPED to the depots everywhere in the nation and street vehicles solely executed native transfers from depot to filling stations.

3. The world was lots saner then.

It was the interval earlier than AMERICA got here with PRESIDENTIAL SYSTEM, IMF, WORLD BANK AND SAP. It was the interval of sanity simply earlier than the ZIONISTS simply obtained their very own INSPIRATION which was round that interval too.

How very coincidentally that the three SET OF CROOKS got here into the nation at about the identical time in that Nineteen Eighties!!!

CORRUPTION which we have been hiding to do earlier than abruptly grew to become INSTITUTIONALIZED by the navy Authorities of Babangida.

CORRUPTION which the society frowned at earlier than abruptly grew to become PROSPERITY within the fingers and mouths of the folks abruptly males with out identified or honourable means grew to become glorified and exalted within the society.

Someday within the center Nineteen Eighties, in the course of the regime of Ibrahim Babangida, I consider, the Federal Authorities gave discover that it was going to embark on a TURN-AROUND MAINTENANCE [ T.A.M ] of some or all of our refineries.

Because of the shortfalls anticipated, and in addition as a result of NNPC was the foremost importer and administrator of FUEL issues in Nigeria and wouldnt have the ability to address the anticipated shortfalls, licences got to non-public actors to additionally import gasoline into the nation alongside aspect NNPC.

These folks have been known as INDEPENDENT MARKETERS.

The TAM was focused for 18months on the time.

However that was practically 40YEARS in the past and we might NEVER have that TAM accomplished.

The refineries NEVER returned from that TAM.

They have been truly grounded, destroyed and by no means to perform once more until today.

We created emergency billionaires known as impartial entrepreneurs and they’re the MONSTERS which we’ve got fed and battle until today.

4. AMERICA is not going to enable us perceive our FOREX since that point.

The ZIONISTS have been all out to destroy the refineries to allow their very own schemes that are nourished by way of IMPORTATION.

The PASTORPRENEURS saved on preaching PROSPERITY to gasoline the corruption, harm our VALUES, emasculate our MORALS, divided our ATTENTION, threw VIRUSES into our SOCIAL HARMONY and ensured that we have been perpetually zombified and completely distracted from the principle points however as an alternative glued to the channels of the dominion of Heaven.

NAIRA was simply falling exhausting, POVERTY accelerating and the folks have been completely incapacitated they’ll by no means have the ability to convey helpful individuals from their midst to kind accountable Authorities that might ever have the ability to do something within the revolving socio-economic crises.

By the best way, ALL of the system talked about in No. 2 above have been destroyed.

Pipelines have been severally attacked and vandalized, ofcourse with insider assist from identical Authorities officers in NNPC.

You couldn’t vandalize a petroleum pipeline with out insider assist.

They’ve destroyed every part and now you see 1000’s of gasoline tankers on Lagos-Ibadan expressway carrying gasoline to as far-off locations as Sokoto and Maiduguri.

These vehicles destroy the roads and kill many Nigerian residents by way of hearth accidents.

THE CRUX OF THE MATTER.

5.. What has then occurred is that we obtained a set of CRIMINAL PEOPLE who name themselves impartial entrepreneurs who IMPORT FUEL.

We obtained one other set of CRIMINAL GOVERNMENT folks within the civil service of NNPC and POLITICIANS/MILITARICIANS.

The Authorities FIXES A PRICE FOR PETROL

The Entrepreneurs get licence, get FOREX and so they go to import gasoline however the Authorities MUST first guarantee them, kind of, to OFFTAKE THEIR TRADE RISKS.

The Entrepreneurs are merchants doing however who MUST get ensures from Authorities to kind of purchase their merchandise AT THEIR OWN QUOTED PRICES earlier than even setting out.

So the entrepreneurs go to Europe for instance to purchase 30 MT OF FUEL and they’re going to report a LANDING PRICE “in response to change charges” of about N500/litre for instance.

For the reason that Authorities has fastened N180/litre as pump value, then the Authorities is underneath obligation to pay the stability of N320/litre.

This N320/litre, for this instance, is what I consider is and perceive because the FUEL SUBSIDY

And that is the place the issue lies.

6. A person can import 10MT of petrol then he’ll run to PPPRA in Abuja to report that he introduced in 60MT.

Ofcourse there’s an association with some crooks in that company of NNPC and the related Authorities departments.

The person will gather N320.00 x 60,000,000 lites [ For 60MT instead of 10MT ] settles the mandatory folks and easily return house with BILLIONS OF NAIRA.

On Sunday he’ll go and do Thanks-giving to his Pastor and him Jet.

He can afford to construct 200 Mosques inside 3 months and ship 1,000 folks to Mecca to wish.

7. What has then occurred is that the primary set of individuals, GOVERNMENT PEOPLE who already cornered 50% of our revenue to themselves as SALARIES AND ALLOWANCES can even by way of and along side the second set of crooks, the MARKETERS, swallow one other 25% of the stability by way of the FUEL SUBSIDY SCHEMES

In the meantime, the identical folks already SHORTCHANGED THE COUNTRY RIGHT FROM INCOME SOURCE THROUGH CRUDE OIL THEFT.

These folks: GOVERNMENT, MARKETERS, RELIGIOUS MERCHANTS AND ZIONISTS are altogether most likely lower than 10% of the inhabitants.

The poor Nigerian Lots who’re about a minimum of 90% are left to grope at the hours of darkness to handle lower than 25% of the remaining stability of our revenue.

From that 25% , there’ll nonetheless be discovered some small crooks amongst the plenty – Armed robbers, Agberos, Vandals, Space boys, Shylock merchants and so on – who will nook 5% to themselves.

Briefly the 90% MASSES POPULATION [ ABOUT 180M PEOPLE ] WILL HAVE ONLY ABOUT 20% OF NIGERIA’S INCOME TO LIVE ON.

My Arithmetic tells me that may NEVER make sense.

8. BUT THIS CORRUPTION IS AN INSTITUTIONALIZED SCHEME.

You may’t battle simply.

The surest option to battle it’s with the assistance and assist of the MASSES.

The identical MASSES YOU WANT TO RESCUE.

The very first thing the entrepreneurs will do, and which they’ve accomplished, is to lock up their Depots and filling stations.

They aren’t considering FREE MARKET TRADE.

You HAVE TO give them subsidy to be in Enterprise.

When you cease it they can even lock up retailers.

And there can be FUEL SCARCITY.

FUEL SCARCITY is music within the ears of teams just like the opposition events, particularly on this age of the ever hateful ZIONIST ObIngos.

They’ll instigate the identical MASSES to revolt.

Except a Chief is extraordinarily sturdy, he’ll finally again down and proceed to permit the SCAM.

If he doesn’t again down, he can be seen as depraved and anti-people and ObIngos can be excitedly going about with the information.

Then you’ll hear ” Bread was N100 throughout Buhari, it’s now N200 throughout Tinubu”

If he backs down, issues will solely grow to be worse.

SOLUTION

9. Take away subsidy and rattling the results.

Completely Palms of fixing of gasoline costs.

If you’re an impartial marketer, go and import gasoline and promote at your value, even whether it is N1,000/litre.

It’s free Market.

Authorities can cost the banks to asssist these entrepreneurs who’re critical with enterprise with credit.

Let it proceed like that and permit market forces to find out the ultimate costs and the precise amount of gasoline we’d like.

We’ll solely have a couple of months to really feel the pains however a few years to benefit from the fruits.

Nigerian have the choice to make.

Mr. Dele Alake and all lovers of Asíwájú and Nigeria ought to unfold the message to enlighten our folks.

The ObIngos will certainly feast on this and we should not enable them.

10. Open borders, reset the safety infrastructure and you will notice costs of meals stuff will drop to counter stability the costs of gasoline.

In One 12 months, I consider we’ll know the reality of FUEL SUBSIDY.

Adedamola Adetayo

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