CHANNELSTV — broadcast 20261011 073000 UTC 484 transcript segments Google Speech-to-Text API Automatic Transcription (Chirp) Data courtesy of The GDELT Project (https://www.gdeltproject.org/), from the Internet Archive TV News Archive. Machine transcription. Treat it as a searchable index of what was broadcast, not a verbatim quotation record. [00:00:00] because [00:00:00] of so the way our elections have gone, [00:00:03] you know, essentially part [00:00:05] of the problem [00:00:06] that that we have in my view is that the people [00:00:10] have been [00:00:11] of dispossessed, and it's not just [00:00:13] a recent thing, I think you significantly [00:00:17] part, I think in 2015 there was a little bit of national [00:00:21] clamor, something like that, but I i think [00:00:24] there has been such very significant disconnection in this [00:00:28] country whereeb, [00:00:31] i politicians have managed how to make [00:00:34] sure that those who come out to vote, they are b, they are their [00:00:38] own, they can predict it, they know what will happen, they know that some people are not [00:00:42] of going to come out, that's the real problem in my view, yeah, is [00:00:46] a real problem, but you are solving that problem because people [00:00:49] retreat from a mess, but when [00:00:53] a mess is coming to where they are retreating to, they have to confront the mes and clear it [00:00:57] off, are we at that point, point and you can see [00:01:01] of in [00:01:01] of with what they did and with many people are going to do, you see the [00:01:05] problem of philosophical [00:01:08] confusion is that [00:01:10] of the elite, because so for some [00:01:13] reason there is [00:01:16] a macroeconomic singularity that coniz the [00:01:20] elites in the profession, in business, in politics in [00:01:24] enterprise or combined, yeah, and either they are expecting [00:01:28] something from [00:01:29] of government, or they are enjoy something in government or they did [00:01:33] something in the past with government which [00:01:35] of ties them, so if you go around the former governor, former [00:01:39] this, former that, businessman, the contractor, those who [00:01:43] are perpetually sing their cv for government [00:01:46] of appointment, you will get narrative of f a [00:01:49] comply, but if you go to the ordinary [00:01:51] people, not get [00:01:55] anybody's vote, from the ordinary people, [00:01:59] and what? we are contesting against now, except those who [00:02:03] are hired, that's [00:02:04] of i'm say, those are appendages [00:02:06] of the concept of traveling theater [00:02:09] party that the [00:02:11] of politician can sustain for himself, but when you go back to the [00:02:14] people themselves who have to make an honest living, you have [00:02:18] to confront the algorithm of life, yeah [00:02:22] that the algebra is not working, because here i [00:02:26] am, i've seen taxi [00:02:29] a drivers [00:02:34] buying fuel and just packing and putting [00:02:38] his head on the steering wheel and just there [00:02:41] dejected dejected and i approach [00:02:45] and say are you sick? [00:02:47] in look, i struggled and struggled to get this [00:02:51] money to buy this fuel and bought this fuel put in my tank [00:02:54] i don't even know where to which direction to [00:02:57] face if i go this way will see [00:03:01] of a passenger or will i just burn this fuel and come back to square [00:03:04] one? you get my point? so we did what we could do [00:03:08] there, we discuss and then you go to different [00:03:10] of parts [00:03:11] of the country, it is very clear that there is clarity, they [00:03:15] notice there's no government in place for them, and they know that the the [00:03:19] president, the governor, whoever is around is [00:03:22] not willing or capable of addressing [00:03:25] a their issues, why we are having a challenge as a position [00:03:28] is that... they are thinking that the [00:03:32] problem is so big, that's the people, the ordinary [00:03:36] people are thinking that the problem is so big that even we can't solve it, [00:03:40] are just discussing it in order to go there and also fail like the [00:03:44] rest, so we now have to be defending our [00:03:47] thesis, a case by case basis, you are different, ye [00:03:51] discussing and telling them that look, the problems are not [00:03:54] insurmontable, but that there is somewillingness the part [00:03:58] of the elite who are there, to solve it and that you not [00:04:01] participating is you are also participating [00:04:04] because so so so far in [00:04:08] your uh you know engagement do you see some [00:04:11] game changing [00:04:13] of emergence something that is going to be game changing one thing is clear one thing is [00:04:17] clear I am 50% [00:04:20] satisfied I'm working on the other half the other [00:04:23] 50% I am satisfied [00:04:27] that [00:04:28] a Nigerians will not return. [00:04:32] he needs to know that no matter what he does, [00:04:35] what i'm struggling, the nigerians will not return him, and if he tries to [00:04:39] return himself by some um [00:04:43] ontowards methodology, the consequence will be [00:04:46] of worse, so the next thing we want to do [00:04:49] is what do [00:04:53] we do next, because i am concerned the same [00:04:56] of way if you go back and [00:04:58] of review some tapes where people were from 2019 people were [00:05:02] talking about um buari i said [00:05:05] i don't i [00:05:06] don't disagree with you [00:05:07] we say 2015 no 2019 okay that was the second [00:05:11] time yes i said 'don't [00:05:13] worry about [00:05:16] buari, worry about you not [00:05:20] regretting later that the person will replace Buhari [00:05:24] is worse than Buhari, that the time will forget it, that can you [00:05:28] say that I said a time I come when you will say oh my [00:05:31] god wasn't this bad and that time has come now, so when I'm talking to the [00:05:35] political elite is that casting like any other [00:05:39] vise, it's not that difficult, he's not performed'. he can't [00:05:43] perform well, it can't appreciate the need to perform well, it cannot [00:05:47] even define what good performance is, and the echo [00:05:51] chamber ringing his head is not helping him, so [00:05:54] he is out, but if in the [00:05:58] annoyance, you go and get a [00:06:01] person that has similar [00:06:04] faulbility that, it must [00:06:08] be worse, because as time goes on every [00:06:10] defect. of vise or inadequacy the [00:06:14] president, guess what, there are some mistakes made [00:06:18] that it could get away with it in the year [00:06:22] 2000, any president 2026 cannot get away with [00:06:25] it, because the the [00:06:29] algebra is showing that [00:06:32] everything is in quantum leap, population is more, [00:06:36] so if you if you put 20% in unemployment, [00:06:40] it's a huge number now, if you put 25% hunger is huge [00:06:44] number now, if you alienate 25% the [00:06:48] population, the volatility is higher now and [00:06:52] the internal environment is less commodious, it's less [00:06:54] conducive in just time there were heads of [00:06:58] state, is [00:07:02] this strong enough to to prevent voter [00:07:04] party in your v? i can tell you if we achieve [00:07:08] anything at all, we are achieving a... [00:07:12] good photo turn out the reason why we are all going [00:07:16] round particularly for me is i want [00:07:20] to make citizens out the Nigerian [00:07:24] populist before i can tell them vote for me or vote for [00:07:27] somebody we must first give them a sense of [00:07:31] citizenship people if a person who hasn't got a sense of [00:07:34] citizenship is casual bribed to the ballot [00:07:38] box he doesn't know yeah that he is pressing the nuclear boting of poverty [00:07:42] again. himself so the first you could see people [00:07:45] criticize me when you go around campaign say vote for me vote for me i [00:07:49] say it doesn't work that way i want [00:07:51] you to appreciate the issues [00:07:54] understand the the solution we are bringing and [00:07:58] have your own sense of pride in Nigeria sense of commitment sense of [00:08:01] citizenship then when you have that when you go to vote you are [00:08:05] voting it's a sense of responsibility and commitment and with bounding [00:08:09] hope that this your vote is going to be investment in the future [00:08:13] the country, we have uh prince by the way, i [00:08:17] call him because that's that's you of prince, we have about five minutes and i [00:08:21] want you to talk about subsidy, yes you know, i'll make a [00:08:25] position and then you will you will respond, now so shan [00:08:29] of all the political um [00:08:32] narrative, i think the the [00:08:36] poor vulnerable nigerias deserve a f [00:08:39] subsidy, that's my personal view, i think so. and I [00:08:43] believe that it's possible okay, what [00:08:47] which you don't have is the kind of corrupt [00:08:50] leading subsidy regime that we have had, [00:08:54] which many of our past leaders have not been bold enough to deal [00:08:58] with, president has managed to say subsidy is [00:09:01] gone, but he has failed so far to deal with the [00:09:05] corruption of subsidy, because we don't have [00:09:08] anybody that is being punished, there's no, the [00:09:12] impunity is still there, the report of CBM [00:09:16] investigation that was done, [00:09:17] you don't happen to it, I think that is what has to [00:09:21] happen so that we can stop, we can block the financial [00:09:25] leakages, because most them are corruption laid in, but we [00:09:29] can find a way to extend subsidy to the vulnerable [00:09:33] people who deserve it. what's your view uh prince? my view is that [00:09:37] there's a difference between administration and economics, what they [00:09:41] are doing is that? administration of poverty, [00:09:44] administration of mismanagement, what we need to do is run an [00:09:48] economy, an economy, before you go into [00:09:52] subsidy, you go into productivity, [00:09:56] okay, you you go and say, how can i produce [00:09:59] affordable fuel in Nigeria, if you produce affordable fuel [00:10:03] in Nigeria, you are selling the fuel for 200 per l [00:10:07] petrol, nobody will ask you for subsidy, Nigerians are not interested [00:10:10] in your subsidy, discussion, they are interested in [00:10:14] living their life productively, and [00:10:16] the problem is [00:10:17] that I don't think we can afford, [00:10:19] we can't go back to, in the next couple years, you can [00:10:23] go back. go all [00:10:25] right, you were in government you knew, [00:10:29] yeah [00:10:30] that buari was not lying when he said he was doing turn around [00:10:33] maintenance, mel was doing turn around [00:10:36] maintenance, they collected money and they is not a small [00:10:40] company, they cannot commit fraud without go to prison [00:10:44] south korea and [00:10:46] m, [00:10:50] all those people who were on the board of [00:10:52] NMPC [00:11:25] these four refineries can work, but it doesn't work, it will [00:11:29] work on me, because because I don't [00:11:32] have interest to exploit [00:11:36] people and get caught in the petroleum market, that's the corruption of which I [00:11:40] speak, when you vote corrupt people out, then you vote them [00:11:44] with their problems, let me give you another example, you know that [00:11:48] we have 445,00 liters, that will reserve for [00:11:51] domestic crude, when when government came out, one the things the... investigated for [00:11:55] the swap g some other people, [00:11:59] whatever, was what did what happened to the 44500 liters? yeah, [00:12:03] they said they were doing this swap over seas to collect white finished product [00:12:07] bag, the 445 is still there, what i have [00:12:10] done in in our plan is that we divided our oil into [00:12:14] three oil to meet [00:12:16] echoas [00:12:19] opec, that's the one everybody [00:12:23] federational account everybody is talking about. Yeah, okay, [00:12:27] two oil to meet the forwards [00:12:30] contract, yeah, that has been engaged already, three [00:12:33] oil for domestic [00:12:36] consumption, we knew when we build, we have potacot [00:12:40] one, right, we build to, we be worried, [00:12:42] kaduna, we why did you make all those investment at that [00:12:46] time when we had no university enough, no enough schools, we we [00:12:50] wanted energy independence, I wanted energy affordability for our [00:12:54] people, for our people. of our industry, [00:12:57] now that was why we were the cheapest [00:13:00] place in west and central africa to set up [00:13:03] industries because of low [00:13:06] energy and so what happened? we will [00:13:09] now account for the 445 barrels. addition to that, there's [00:13:13] a fourth corridor, there is [00:13:17] stollen crude which the government and their business [00:13:21] partners who are now pasting posters for them, buying vehicles for them. [00:13:25] accordingly one side or it what trillions of you [00:13:29] said that has come down it has come down on paper [00:13:32] but just check satellite tracking the gulf [00:13:36] of guiney you see my video when i [00:13:38] went still there they are lying and that's the [00:13:42] money they're stilling so take [00:13:44] 4000 barrels there [00:13:47] i give it to [00:13:50] refinery you know petroleum economics you know [00:13:53] the refinery costing [00:13:56] mm you should know because it was petrol accountant yeah you [00:13:59] take crude oil give it for free with the refinery [00:14:03] because i'm [00:14:04] not saying the ones going to opec for sale in [00:14:08] domestic crude which they are sting for free now give it to refinery [00:14:12] you give them for free yeah that's how that's how we used to do it it's [00:14:15] not a swap no swap do it for [00:14:19] free it's a swap of crude for [00:14:23] white so which case i g you give [00:14:26] give [00:14:26] you me crude f yes so there are 12 but that f is going to be sold [00:14:30] no wit on this how we used to do it okay give [00:14:33] crude to the refinery re just to refine okay it doesn't [00:14:36] sell you to be ppmc that us to sell well that's true so we [00:14:40] give the refinery [00:14:42] refinery refinery [00:14:46] what they want is what we call cracking spread if you have your [00:14:50] crude you bring it to me yeah and cracking [00:14:53] to spread of ' maximum 30% 20 is okay [00:14:56] 25 is optimum 30 oh thank god for my life of [00:15:00] what of what i put for example if you bring crued oil of [00:15:04] 1 million dollar okay i get that yeah the product i bring out of it must be [00:15:08] up to 1.3 million $3000 top the $1 million [00:15:12] yeah now petrol is 46% [00:15:16] ago diesel is 10% [00:15:19] car and and jet [00:15:22] one is 10 point percent then i have [00:15:26] nafta i have gas oil i have i [00:15:29] have um lower fuel [00:15:33] oil i have hyper fuel i have aspatine i have asfat [00:15:37] what? Nigerians are discussing, it's not the entire crew [00:15:40] product [00:15:42] is the PMS, it's the PMS, and me, I'm adding jet a1 because I [00:15:46] want if the cost of fly to also come down, [00:15:49] so refinary has more than the cracking [00:15:53] spread left for them to sell and recover their cracking [00:15:56] cost, so I take the two products I'm [00:16:00] interested in, then [00:16:02] we you go and sell that one at commercial rates, we will do the account of that one [00:16:06] later, this one you are giving back at zero because gave you the crude at zero, you're giving [00:16:10] back at zero okay, [00:16:11] now i now sell it at 200 in the market [00:16:15] and the 200 is going to dedicator account for public [00:16:18] transportation mix, emergency public transportation in which case i [00:16:22] start to couple together buses chisco [00:16:26] anybody give you buses so so you are saying that sorry for that [00:16:30] so the refinaries we get the money from other products other by [00:16:34] products so that you can then determine uh the the price [00:16:38] of of fire exactly, but but remember [00:16:41] that i still have [00:16:42] so that's a controlled kind of economy, no, no, no, that is a common sense productivity at [00:16:46] home, because what you [00:16:47] need to know is that the the international market doesn't affect me right [00:16:51] now, the crude which i want to refine for you, yeah is being [00:16:55] stolen, okay, [00:16:57] so yes, in [00:17:01] addition to the reminant of my [00:17:04] 445 barres which is accounted. just so [00:17:08] - listeners understand what you're saying, i will give a [00:17:11] summary and then you so that we can really make the point, so you are saying that we don't need [00:17:15] to have a subsidy, you don't if we are able to first of all [00:17:19] deal with the corruption, yes, it's your view that a [00:17:23] good number the b [00:17:25] over 400, you [00:17:26] know, it can be recovered, [00:17:30] yes and then given to the refinary, at what point the government or [00:17:34] whatever will be able to say, sell it for this amount? [00:17:54] gratis and then because of that you can then determine the price that will be and I'm [00:17:58] still making a profit because right now the people are making a loss i'm making a profit and [00:18:02] that profit is not going to general revenue account to pay salary nothing is [00:18:06] going to petrol replacement [00:18:09] transportation system where i have CNG buses, i have [00:18:13] electric buses and i'm producing them and generating employment. the next [00:18:17] question then is is [00:18:19] how long do you think this will take for to happen if you let's [00:18:23] say you won the election and you on the 29th [00:18:26] 2027, how long will it take for this to happen? it will take less than one [00:18:30] year, [00:18:30] do you know why? because i know and you know if you [00:18:34] don't remind you that we had [00:18:46] yeah and we have not gone to fight with [00:18:50] the to say what happened the time you did for us you didn't do [00:18:53] it well and yesterday we should do [00:18:56] yeah we have no case because they will tell you we have done it for you you shut [00:19:00] it down by yourself even the cadun when i sp with [00:19:04] management why did you shoot down when you are not doing they [00:19:08] said they said they wanted to fix pipeline, we said you can fix pipeline [00:19:12] while we are online, they said no, give us two weeks and two weeks, so [00:19:15] so you're saying basically sorry, i'm sorry for interrupting you, because it's important [00:19:19] for - audience to understand what you're saying, you are saying basically that the reason why [00:19:23] the refinaries have not work is corruption, deliberate acts [00:19:26] by you administration yeah to say that they [00:19:30] want to give you petroleum tax and call of subsidy they want [00:19:34] to raise money out of your life the way the increasing school fees, [00:19:38] increasing jam fees, i get all [00:19:41] of that, but you are saying that basically the major reason why the [00:19:44] refinal government decision is government decision based [00:19:48] on on person agment, yes [00:19:51] and the carlosness of taxing you to pieces [00:19:55] because they know that you need it, if your decision is that they're going to make [00:19:59] revenue, chins god is money, [00:20:03] revenue everywhere he goes is revenue, revenue, revenue he doesn't know the... [00:20:07] multiplier that you can have delay the way economies you [00:20:11] can grow with delay gratification government can grow with [00:20:15] delayed revenue if you allow new industries to [00:20:18] sprout so that way and if to do that you have to [00:20:22] oil the engine or productivity and production and you have to allow [00:20:26] people to circulate around the country so and that same thing goes for security [00:20:30] as well so the issue is that let them not mystify the issue we will give [00:20:34] you 200 per liter a profit. so when i am [00:20:38] making profit, how can i say subsidy again? i am giving you 200 [00:20:42] per liter a profit and you're buying jet one and i can tell you that [00:20:46] after the end of four years the number of nigerians who who will be [00:20:50] using uh cars or will reduce because we [00:20:54] are now we are now manufacturing which is easy to do [00:20:57] turkey um china, any [00:21:01] the india partners will give you the technology and we will [00:21:04] start making buses here, even [00:21:07] even uh [00:21:10] is enough for to make enough buses and nigerians can travel by public [00:21:14] transportation and then we go to railline and other things and water so so [00:21:18] so is that contained in because [00:21:20] end to [00:21:20] it is in our fair talk about there with the [00:21:24] subsidy argument is there is [00:21:28] this farw to poverty and insecurity which is the manifesto show it to [00:21:32] our people because that is [00:21:34] the symbol of new Nigeria and this is where poverty is going to end and insecurity [00:21:38] I going can is tell you that okay all right you know [00:21:41] uh very important conversation that we've had today uh prince and I must tell you [00:21:45] that we we we have to talk more about [00:21:49] education this issue the refineries that [00:21:52] you are now alleging was deliberately you know uh [00:21:56] topid you see there very important and let me give [00:21:59] information yesterday yesterday yesterday [00:22:03] yesterday the refinary workers in porta [00:22:06] court are threatening that if their money is not paid the going [00:22:10] to shut down refinary money has in their the salary yeah another [00:22:13] emonument if the refary is not why are shutting it down because the the [00:22:17] the narrative that we've had before is that the sal have been paid when the f is not working [00:22:21] and that doesn't make sense, it's your choice, if you want to work, if you if you crack the [00:22:25] engine of your car and you're on your phone talking, you can't believe your driver wassing your [00:22:29] fuel, you are the one you [00:22:30] are not ready [00:22:30] to move. okay, one last uh question that i would like to ask you before uh we go [00:22:34] and we have just very few minutes left um so the the [00:22:38] council of foreign relations in the united states you [00:22:41] know uh uh did an article [00:22:44] you know few days ago yeah actually autored by uh [00:22:48] professor uh in Nigeria and who is an [00:22:51] official, we are very good friends, yes an official the yeah, of course we were together [00:22:55] in the news and temple too, very brilliant, [00:22:58] fantastic, he says publicly [00:23:02] that in the US he has been told that US [00:23:06] government officials are worried about the [00:23:09] fitness of our president [00:23:12] even just govern [00:23:15] and he says that it's like red [00:23:19] flag. how do you respond to that as a presidential [00:23:22] candidate? what i know? so this is, mean, this is [00:23:26] major us think tank, what i know is that only god [00:23:30] gives health, and anyone do not be too [00:23:34] quick to comment on the head of an person, but what i [00:23:37] know is that to comment on [00:23:40] capacity, [00:23:42] intellectual, physical or moral [00:23:46] capacity, is not fit. is [00:23:50] not better than w in his last days, it's probably [00:23:54] worse, and i think he is having mental [00:23:57] remission, so that is [00:24:00] something that Nigerian should take seriously, and [00:24:04] we cannot continue, we see other countries that have [00:24:08] similar heads of state who are who have [00:24:12] diminished capacity, and i study mental health, it's [00:24:16] one of requirements to be a lawyer in America, even at efe we study. [00:24:20] uh mental health and when you use the magnet [00:24:24] rule you will see that you cannot blame decision [00:24:28] maker when he doesn't know he has no situational [00:24:31] awareness he doesn't know the import to what is doing is not [00:24:35] self aware is having lucid episode [00:24:39] occasionally when he has lucid [00:24:42] interval they break him out he waves at people the dancing with one [00:24:46] hand and they wheel him back into into a nursery. [00:24:50] 'you cannot run a country like that, but I pray [00:24:54] to Almighty God, Almighty Allah, to grant [00:24:58] him good health, and I also pray to Almighty God to grant him [00:25:02] wisdom to know his limits, because when we went to [00:25:05] Daura to bury Buari, we did not bury the Kabar with [00:25:09] him, just pushing pushing pushing to the limit anyway, when [00:25:13] we went to Cassina [00:25:15] to burry Yaradua, we did not bry the kaba with him, so it is [00:25:18] you yourself'. know the limits, but sometimes you get to point where you are so [00:25:22] diminished, [00:25:23] you don't know the limit, if you remember uh Ronald Reagan, yeah, [00:25:27] people knew that, oh the [00:25:31] gun [00:25:32] is was gone, and you just need to do psychometric measurement and you know [00:25:36] that the president, that's why sometimes i feel guilty when i say [00:25:39] tin, i just realized this person i'm commenting [00:25:43] about, he's a patient and i need to [00:25:46] be patient, in defense the president he came back, you [00:25:50] know uh from his vacation walking vacation to [00:25:54] France and uh United Kingdom to say that I'm I'm back [00:25:58] I'm [00:25:58] king strong. [00:26:02] section five the constitution that all executive powers are vested in the [00:26:06] president is [00:26:07] not for a person who is barely able to work who celebrate where you can walk 15 steps without [00:26:10] falling down that's not what we are saying [00:26:12] we are saying that you need to have soundness of [00:26:16] mind [00:26:18] of physic of moral because every day you receive 1 million bad [00:26:21] news things are incomplete you you you you know [00:26:25] you have worked with president and vice president before you know how intense that place [00:26:29] is so but it's up to him is costume. right [00:26:33] to leave, it's right to spend the last days in any capacity [00:26:37] wants, but what i know is that the country can't wait for [00:26:41] the st house to [00:26:42] be turn to the family, [00:26:44] so it's one the things you are going to consider when you are going [00:26:47] to the the the pole, but think in fact to save [00:26:51] this man from himself to give him the exit. thank you so [00:26:54] much uh, [00:26:58] thank you for uh, thank you for your for for the hard work that [00:27:02] i've seen you do you know uh criss crossing this country, thank you for the [00:27:06] insights that you've uh that you always bring you know uh most people don't [00:27:10] know that you are an oil and gas lawyer so [00:27:12] you know you understand - these issues and that's why you know i also brought [00:27:16] up that issue and you brought quite a bit of uh uh [00:27:19] you know interesting contest to it uh thank you for your patriotism and thank [00:27:23] you for coming to inside sources thank you and may god bless nigeria yeah and we hope that [00:27:27] uh uh that the president is uh strong but we're [00:27:31] beginning to hear a lot of very warring uh [00:27:35] observations even from abroad uh like like my guest [00:27:38] said we wish the president good health [00:27:42] and we wish Nigeria even better prosperity in the [00:30:41] It's nice to have you [00:30:42] join as you're watching news track and channels television, I'm I Sunday by top [00:30:45] stories making the rounds at this time. For [00:30:49] anyone who cares to listen, the 2027 general elections will mark [00:30:53] the end of politics of lies and deceat. This is according [00:30:57] to the presidential candidate the allied people.