Nigerian Times

Nigerians protesting against corruption. Photo Credit: MSNBC Photo Blog Between Dogs and Idiots Nigerians are known as very religious people who are almost equally divided between Christianity and Islam, the two most popular religions in the world. Millions of the Christians love flocking to their different churches every Sunday and millions of the Muslims flock to their mosques every Friday and even cause traffic jams along their routes. But God knows that majority of them are UNFAITHFUL to their FAITH, because they don't even practice what their faith requires and which is a shame no matter how you twist it. To me the most popular religion in Nigeria is Hypocrisy, because majority of Nigerians are the devotees of this religion of conceit and deceit. And these hypocrites are proud of their religion from the street to the pulpit and from the bedroom to the boardroom. Those who are not like them are the endangered species among them. They don't read and when they even read, the...

Major Oil Marketers Association of Nigeria (MOMAN) Eleganza Biro Plaza (5TH Floor), Plot 634, Adeyemo Alakija Street, Victoria Island, Lagos. The Oil Cartel, the Cabal and the Rest of Us in Nigeria Dear Major Oil Marketers Association of Nigeria, I read your public information advert on SUBSIDY FACTS with a pinch of salt, because the information you provided is nothing new. The important issue you mentioned was the emergence of “briefcase” mafia of companies without any asset base and accountability in the Petroleum Support Fund (PSF) scheme. As you rightly noted the total cost of PMS imported into Nigeria as at December 6, 2011, was N141.38 Kobo. The regulated pump price is N65 and the subsidy claim was N76. 38 Kobo. Ignorance has done more harm to Nigerians than corruption. The anger of majority of Nigerians was provoked against the government when the Petroleum Products Pricing Regulatory Agency (PPPRA) announced the removal of the fuel subsidy on petrol on New Year’s Day January 1,...

Dr. Ngozi Okonjo-Iweala Potential Benefits From Budget 2012 And Sure-P ~ By Dr. Ngozi Okonjo-Iweala Against the backdrop of the recent debate on the removal of fuel subsidies , and the calculated misinformation being peddled by opponents of this policy, it is pertinent to highlight, in more tangible terms, some of the significant allocations that have been made to essential sectors of the economy, both in the 2012 budget as well as the recently-launched Subsidy Reinvestment and Empowerment Programme (SURE-P). This programme is a 3—4 year programme designed to mitigate the immediate impact of the removal of fuel subsidy and accelerate economic growth through investments in critically-needed infrastructure. It is noteworthy that, while the 2012 budget allocated the best possible amounts to these critical projects, additional resources are allocated to the same projects in the SURE programme to ensure that they are completed at faster rates than envisioned in the 2012 budget. Some of the ...

Dear President Goodluck Jonathan, Ngozi Okonjo-Iweala and Diezani Alison-Madueke Dear President Goodluck Jonathan, Ngozi Okonjo-Iweala and Diezani Alison-Madueke, there is no need for long speeches now, because the chickens have come home to roost. It is not rocket science to know the facts on the issues at stake on the 419 scam called Fuel Subsidy on Petrol. I stand by what Prof. Tam David-West said, that there is really no subsidy on petrol, because from the cost of production to the filling station , the real pump price of petrol should even be less than N65 per litre since it is from our crude oil. And why should the petrol from our own refineries be sold at the same price with the imported petrol? Again, why should you inflate the pump price of the same subsidized fuel imported last year 2011? When the 2012 8udget is still before the National Assembly? If you made no provision for subsidy in the 2012 Budget, then why not wait until the implementation before increasing the pump pr...

Inside the House of Representatives of the 7th National Assembly (2011-2015) After their unruly emergency session on Sunday afternoon, the members of the Nigerian House of Representatives finally resolved to dismiss the unpopular removal of the fuel subsidy on petrol by the administration of President Goodluck Jonathan. And they advised the organized labour unions to dialogue with the government instead of going ahead with the nationwide strike planned to start tomorrow Monday January 9, 2012. "We are sitting near a keg of gunpowder and we are playing with fire," said Rep. Pally Isumafe Obokhuaime Iriase of the Action Congress of Nigeria. "This will be the last straw that will break the camel's back if we do not act." Tweet