#BBMme PIN: 56574753 www.pin.bbm.com/56574753

Petrol will soon be cheaper, says Osinbajo

Vice-President Yemi Osinbajo has revealed that the Muhammadu Buhari administration is working on a medium-term reduction of the pump price of petroleum products. The professor of law said the government was working on ensuring that private refineries work, while reducing importation of refined petroleum. 

“We are unbundling the NNPC so that its various components are effective core centres and are able to do their business well,” he told Bloomberg in an

interview. “In the refining area, we know that at the moment, we have quite a few, about two of the refineries are getting back up. Using those refineries, we have seen the inefficiencies already; we’ve seen the cost. “You can refine at 60 percent capacity, but if it costs 20% more than it would cost you elsewhere, perhaps a private refinery, then you know that there’s a problem.” He said the government was going to reduce the role of the NNPC to its main objective of regulating the sector and ensure a reduction of pump price of petroleum products.

“We are going to have private refineries at the site of the old refineries, so they can benefit from the available infrastructure. “We think that in the medium term, we would be able to get cheaper pump price, pump price of oil would be cheaper because we would be importing far less fine petroleum. A lot of that would be produced locally. “Now, we have well over 30 modular refineries, so we think a lot of modular refineries would come. Many of them, their major concern is feed stock, are we going to be guaranteed feed stock? “We are working on that. 

Once we are able to deal with that, we think that we would be able to reduce pump price and get the whole business of importation of refined petroleum and the NNPC getting directly involved; we are going to reduce that. “The ultimate objective of course is to have NNPC regulatory, playing a more regulatory function as the private sector takes most of the downstream.” He also said the Petroleum Industry Bill (PIB) would be broken down and passed in smaller pieces “Separating the PIB and breaking it up obviously is the way I would think that we’ll proceed…that’s really what the market has been waiting for,” he said, adding that it would be resent to the national assembly in the first quarter of 2016. 

Osinbajo also made comments on predicted recession in the country, saying the government would rather spend more that cut back. He said the government would be looking at $25bn fund for infrastructure, while diversifying the economy through agriculture.

Source- www.thecable.ng

Drake Reportedly Intent On Gate Crashing Nicki Minaj and Meek Mill Wedding

Aubrey Drake Graham popularly know as Drake might just be looking for another Meek Mill wahala if reports of his intent to gate crash Mill and Nicki Minaj wedding.

Nicki Minaj, 32, may just become Mrs. Mill within the next 24 hours and Drake, 28, is freaking out, an insider told HollywoodLife.com

Pastor Chris Oyakhilome Donates N1billion To Benson Idahosa University

Pastor Chris Oyakhilome, of Believers’ LoveWorld Incorporated (Christ Embassy) was a guest at an event organized by Benson Idahosa University, where he was also conferred with an honorary doctorate degree in Divinity.

According to Laurie Idahosa, the daughter in-law of late Benson Idahosa, Senior Pastor of Christ Embassy, Chris Oyakhilome pledged to give N1billion towards the building of the Faculty of Engineering at the Benson Idahosa University.

The pledge was made today after he was conferred with the honorary doctorate degree by the school.

Addressing the student and the leadership of the school he talked more about archbishop Idahosa whom he said was his mentor and was privileged to meet him while he was alive, and how the late archbishop attended his early camp meetings and ministered to all.

credit: expressng.com/

Throwback: Kanu Hat Trick Chelsea 2 – 3 Arsenal 1999

Nigerian striker Nwankwo Kanu scored three goals in the final fifteen minutes as Arsenal came from behind to inflict a memorable defeat on arch-rivals Chelsea

Watch:

Video: YouTube

Rotimi Amaechi Confirmed!

Mr. Amaechi’s screening was deferred three times as he faces opposition from the Peoples Democratic Party’s caucus in the Senate, particularly the three senators from his Rivers State who submitted petitions against him.

On Thursday, 22nd of October, the ex-governor was confirmed a minister after questioning by the senators.

#MinisterialScreening

How to Know If Your Business Idea Is Stupid

Everybody's been there. You're standing around the water cooler talking with your coworkers, talking with friends over drinks, or maybe just taking a shower.

Then it hits you -- a brilliant business idea. 

Everybody will want this! 

This will sell like hotcakes!

I can't believe nobody thought of this before!

Then you start talking about it with your friends and family. No surprise -- everybody has an opinion. Your mom thinks it's a great idea. Your brother-in-law sees lots of problems. Your best friend isn't so sure. Who's right? Who actually knows if the idea is going to work? None of them -- and neither do you. If you've ever watched ABC's Shark Tank, you've noticed that one of the first questions the sharks ask contestants after their initial pitch is: "How many have you sold?" The "Sharks" know that the only people who can tell you if a business idea is going to work is the customers. The people who actually pull out their wallets and give you money are the only ones who can answer the elusive question: "Will it work?"

Here's how to find out if your business idea will work. The great news is that you don't have to go on Shark Tank or bump into Mark Cuban at the grocery store. You can figure this out yourself.

1. Get really good at explaining it Sometimes an idea makes great sense in your mind, but it may not make sense to other people.

People may not think your business idea is good, but that may be because they don't understand it. Everyone has a different view of the world and different filters through which they understand and process things. Maybe you aren't getting through their filters. Maybe they assign different meaning to the words you use. Maybe they have a fundamental belief that is different than yours -- which you may take for granted. Or maybe you just suck at explaining it. That's OK. You just have to practice until you get it right. It won't happen right away and it will be clunky as you figure it out. Put yourself into your customer's brain and think like they do. Think about how they would think about it. What would it do for them? How would it make their life better? What problem do they have that it would solve? How would they feel if that problem was solved? Watch infomercials. Whether you find them annoying or addicting, they know how to do this well. Watch an infomercial for a product you don't care about and would never buy. Then you can watch it unemotionally and observe how they connect with their customer as they pitch their product.

2. Listen to what people say when you explain it First off, accept the fact that at least half (probably more) of your initial conversations about your product idea will be awkward, clunky and you'll be face-to-face with an either confused or uninterested person.

Be cool with that. It's part of the process and embrace the fact that these initial, awkward conversations are not only part of the process; they are also crucial to learning enough about your customer to create a product they can't wait to give you money for. Business ideas developed in this way start with the customer, instead of starting in the aspiring entrepreneurs' mind. Since the customer is the one who is ultimately going to make the decision of whether or not to buy (and whether or not the product is going to be successful), it ought to start with them.

3. Identify who really wants it

I recently talked to the inventor of a children's learning game. He was working to get it into toy stores and websites that sell educational products. But as he was having conversations with potential customers (using this very process), he learned that senior centers were very interested in the product because it allowed older folks to remain active with their hands and it challenged them mentally. Now he has another market for his product. Human beings are complicated creatures and there are a lot of us. Get out and talk to as many people as possible, so you can understand who is interested in this brilliant idea you have. People of various walks of life have different problems, needs and are seeking all different sorts of solutions. Keep your ears and your mind open for possibilities that you never would have thought of. The great thing about following a simple process like this is that if you approach it right, it makes failure nearly impossible. If you listen to your market closely enough and evolve and change your business idea enough, you'll eventually find that million-dollar product. It won't happen overnight, but persistence will get you there every time.

 

Credit: http://www.huffingtonpost.com/ 

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