Simplicity Gabriel Adeleke,
business administrator, CIO of Simpleconceptgloballtd, public administrator, Sport lover, and philanthropist. Chelsea FC fan.
Crude oil: let us understand the process
1: Here is the structure:
-(a): Federal Government โ awards acreage/licence โ IOC + NNPC/joint-venture partners โ exploration โ drilling โ discovery โ development โ production โ government receives royalties, taxes, fees and its contractual/equity share.
2: Question: But can government simply order an IOC to sell below the international price?
-(a): Answer: IOC has entered into a binding crude sale, prepayment, forward, or other offtake agreement, the governmentโs ability to redirect that particular crude at a different price is constrained by the contractual rights of the parties.
3: Atikuโs subsidy-restoration plan faces major structural and financing challenges.
4: Nigeriaโs crude is not all freely available for government subsidy purposes.
-(a): Some future crude is already committed under financing/offtake arrangements.
5: Domestic refiners are increasingly expected to obtain crude through the domestic-supply framework rather than simply receiving government-controlled crude at an arbitrary price.
6: Restoring a petrol subsidy would therefore require a fresh and sustainable funding mechanism, not merely an instruction to IOCs or NNPC to sell crude cheaply.
7: And if government tries to subsidise petrol by selling crude below an economically justified price, it could create another fiscal burden and interfere with existing contractual/financing. Simply corruption returns.
@mamatii001 Deep.... But it is through base on reality and mindset. I experienced it too. When I was in my marriage, I do have "girl friends" extramarital affairs, being hardworking and dedicated were profitable. The moment I stopped, things turned to the point of loosing the ....
Investment: N10,000 Start Today:
You can start investment with N10,000 and that excuse say โna big money dem dey use for Investment don expire oooooโ.
2: Your options are:
-(a): FGN Saving bonds; Treasury Bills; Stocks, Mutual funds; US stocks, real estate Investments etc.
3: say every month, you put 10k. You will thank me later as Una go dey enjoy credit alerts dividends.
4: Your 10k will benefit from Tinubunomics.
5: so look for a stock broker to help you.
@Immunizer_ It is possible, I have done it before... Though, it was not up to 6 months, 4 months and few days. Noting happened. Mutual friendship if real. She could be truthful. Thanks.
@mamatii001 I don't know what to say, but, I have several mind blowing thoughts. So disheartened, nature and life with unforeseen circumstances. God please help the saints and change the wicked. Time and Tide.