Yes, I Can!🫅💯%

Father || Uncle || Entrepreneur || Reader || Investor || Educationist || Content Writer || Advocate || Data Enthusiast

[Yes, I Can!🫅💯% @gr8willie]

@vdmempire @grok Is the statement real?

[Yes, I Can!🫅💯% @gr8willie]

@Chekwube____ @_ekereke ...that the party is based on what again please? My brother, don't join the league of gullible population. Can anything good come out from the patched union of the strange bed fellows? Please, remind me again. Who are those constituting the seemingly cobbled coalition?

[Self Taught Success @SelfTSuccess]

Follow these accounts to Win:

Dividends: @IncomeShares
Invest: @ThemesETFs
Leverage: @LeverageETFs
Energy: @Samuel_Gibson_
CEO: @swangentr
ETFs: @adampatti
Growth: @SelfTSuccess

[Yes, I Can!🫅💯% @gr8willie]

@instablog9ja Seeing octogenarians like Pa Samuel Adedoyin and Prof Wole Soyinka, he feels he can't be much younger than they are

[Yes, I Can!🫅💯% @gr8willie]

@CDcareNG I can't seem to find children's tablets in your list of items offered for sale

[Yes, I Can!🫅💯% @gr8willie]

@CDcareNG

[Yes, I Can!🫅💯% @gr8willie]

@OkorieDivine9 @MasterMaliq @AirtelNigeria It happened to me severally before I got to know 'twas their sales strategy.
They offer u seemingly cheaper data to entice u. Once u subscribe & use to 2.5GB, connectn is cut off & u'll begin to struggle with it until it expires, u'll be told to do rollover & the cycles continue

[Yes, I Can!🫅💯% @gr8willie]

@KingGingerBlood @ruffydfire Blame game came up because the whole thing went south.
When the embattled investors were smiling to the bank, they never thought of government

[Yes, I Can!🫅💯% @gr8willie]

@Xenea_io @tokuro82167127 @coachh_charles1 @bossge226456 B

[Yes, I Can!🫅💯% @gr8willie]

#PAWSMAS COMING! 🐾

[Xenea @Xenea_io]

Hurry up! #XeneaMemeMasters submission deadline is tomorrow⏰️

And if you're not submitting, don't forget to RT your favorite memes🐾😺

🔍️Tap the hashtag #XeneaMemeMasters to find your favorite memes.

[Yes, I Can!🫅💯% @gr8willie]

@taiwoyedele Result of this survey is a misleading representation of the population from which the samples are drawn. Sizeable number of Nigerians earn a take-home little above 100k, which can hardly take them home, tallying them in a range of 100k-1.5m is suggestive of a sinister motive

[Yes, I Can!🫅💯% @gr8willie]

@baKano__ @Imranmuhdz Minister of Power???!!! Do you know the meaning of performance?

[Yes, I Can!🫅💯% @gr8willie]

@Igbocratic @Voiceofigbos I am Yoruba, and I am not evil, wicked and useless as you posited. Look within, that seems to sound familiar

[Yes, I Can!🫅💯% @gr8willie]

@channelstv The role of a reasonable government is to ensure the welfare of its citizenry is guaranteed. NNPCL is engaging in anti-Nigerians activities under a perfect supervision of Tinubu-led government. What is the rationale behind the show of shenanigans of NNPCL as seen in recent times?

[Yes, I Can!🫅💯% @gr8willie]

@OpeBee @ahmed_amin44851 Has corruption been successful dealt with?
This is a country where political graft holds sway and creating mistrust among the rank and file. A call to make sacrifice in this instance should come with sincerity of purpose where the proponent is seen to walk the talk.

[MS Ingawa @MSIngawa]

Dangote, NNPC and The New PMS Price at N890/L

Dangote Refinery has, by the grace of God and commitment of dedicated people, commenced PMS production today and is about to be rolled out into the local market. But the offtake arrangement between Dangote and NNPCL where the NNPCL will serve as the exclusive offtaker from the refinery leaves an argument. It’s on this note that I decided to write this piece for knowledge sharing and clarification. I will try as much as possible to make it snappy and basic.

CRUDE OIL

1. PMS (petrol) is a product of Crude Oil which is a global commodity regulated by international market because of its impact on the global economy. Even though Nigeria is Crude Oil Producer, it depends on the international market in terms of pricing and supply. Every barrel of crude oil produced and recorded officially must comply with the regulations guiding the global crude production to protect the market and ensure energy security across the globe. The guidelines have rooms of peculiar situations like transaction in local currency but at prevailing global market rates on transaction date.

2. Nigeria too is under those guiding principles and must comply with the global guidelines. Because the crude oil is in our backyard doesn’t mean we can wake up and sell it out in our terms. Even government owned refineries must either buy it in dollar (the official currency for crude transactions) or in local currency at exchange rate of the prevailing dollar rate. For countries with stable exchange rate, refineries can buy in dollar and sell products in their local currency. But for Nigeria that is battling with foreign exchange liquidity, it’s best if refineries buy in Naira and sell products in Naira. This will reduce pressure on Naira by reducing the demand for dollar. It’s unsustainable sha.

PMS and PRICING

3. PMS is a major product of Crude obtained after refining. The cost of pms is made up of so many components. But the major component, like every other product, is the cost of raw materials (crude in this case). The cost of crude is a major factor for the pms produced. So, if the crude price is supplied in dollar, the price of pms and other products will be pegged in dollar or corresponding rate in local currency. And if price is supplied in local currency at rate of prevailing price in dollar like in the case of Dangote and FG, the price of pms too will be computed in Naira at the corresponding dollar rate.

4. Example: NNPCL sells crude to Dangote at $87/barrel at dollar rate of N1600:$, NNPCL will bill Dangote N139,200/barrel instead of applying pressure on Naira by buying dollar to make the transaction. This amount has now become part of the production cost for pms. If the final production cost stand at $0.7/liter of pms, that is N1,120/liter. To add more context to this, same $87/barrel last year would have cost Dangote N39,000/barrel at N450:$. The production cost of pms as at last year for Dangote would have been N315/liter as against the N1,120/liter due to dollar rate.

SUBSIDY, DOLLAR and NNPCL

5. Landing cost of PMS to our ports is about N1,300/liter and at previous pump price of N700, NNPCL is definitely paying the differentials of about N600 for every liter.

6. Dangote Refinery will not be exception. They will either buy crude in dollar or in Naira rate which means dollar rate will affect their production cost even if they buy it in Naira because the initial price benchmark was in dollar. And with N1,600:$, finished product in Naira will definitely be high.

7. For govt to regulate and continue paying subsidy (differentials ), NNPCL will now either subsidize crude for Dangote or buy PMS from Dangote at open market rate and then subsidize for Nigerians that’s why they are now the exclusive offtaker. The increase in today’s price is govt reducing the amount of differentials (subsidy) they have to pay per liter.

8. The lower the dollar ($) rate, the lower the PMS price and vice versa.

[Yes, I Can!🫅💯% @gr8willie]

@MSIngawa @woye1 @Imranmuhdz @MKKyari @AlikoDangote They're the maker of their own confusion.
When govt activities are shrouded in secrecy, this is what we get. How did we get here? Now, we talk about how forex is affecting our local transactions and the innocent Nigerians will bear the brunt of their profligacy and corruption

[Femi Ote$ @realFemiOtedola]

My Dear Brother Aliko,

First and foremost, I want to extend my heartfelt congratulations to President Bola Tinubu for his unwavering support and belief in actualizing this monumental achievement under his administration. This day belongs to every Nigerian who has dared to dream of a better future. Congratulations to our great nation—today, we all stand a little taller.

Aliko, it feels like just yesterday, but it has been 25 long years since we first set our sights on transforming Nigeria’s energy landscape. I remember vividly when we set up the Blue Star Consortium to acquire stakes in the Kaduna and Port Harcourt refineries—20% for me and 51% for you. We were ready to change the game, but fate had other plans. The government of the day, in an act I can only describe as utterly obnoxious, canceled our stakes and thwarted our vision. But, as always, you refused to be deterred.

You never gave up on the dream we shared. You carried the torch forward, igniting a spark that has today become a roaring flame. And now, 25 years later, here we stand on the precipice of history, with the first fuel shipment from the Dangote Refinery—a feat that is nothing short of miraculous.

While the Kaduna and Port Harcourt refineries have remained dormant, their promise unfulfilled despite billions of dollars spent on so-called turn-around maintenance, you have achieved what many said was impossible. You have beaten all the skeptics, silenced the naysayers, and proved wrong those who doubted your resolve, even those who never wanted this project to succeed.

You have not just built a refinery; you have liberated us from the chains of economic dependence that have held this nation back for far too long. The days of bowing to foreign powers for our fuel needs are over, thanks to your vision and determination. You have dealt a death blow to the so-called local cabals who have fattened themselves for years, feeding off our nation’s economic slavery. These cabals, who have grown rich by keeping Nigeria in a perpetual state of dependence, must now face the reality that their era of easy gains is coming to an end.

I am reminded of the time you revolutionized the cement industry in Nigeria. Ships that once brought in cement turned into rusting relics, scraps of a bygone era. Now, with your refinery in full swing, I foresee a similar fate for fuel imports. The depot owners should take heed—it’s time to dismantle those depots and sell them as scraps while the market is still high. The world has changed, and those who do not adapt will be left behind.

When I ventured into the depot business with Zenon, it was in response to the inefficiencies of the NNPC. Zenon pioneered the diesel business in Nigeria and quickly became the largest in the country, filling the gaps left by our inefficient system. But today, your refinery stands as a beacon of what is possible when one has the audacity to dream and the tenacity to see it through.

Aliko, you have my deepest admiration and respect. Congratulations to you and the entire board, management and staff of Dangote Refinery on this monumental achievement. This is not just a victory for you but for every Nigerian who dares to dream. May this be just the beginning of even greater things to come.

With profound respect and warmest regards,

F. Ote$

[Yes, I Can!🫅💯% @gr8willie]

@daily_trust The fowl laying the golden eggs has already been completely deplumed and left dejectedly bleed!ng. Yet you're bringing this.
What exactly is your driven agenda?