Google Speech-to-Text API Automatic Transcription (Chirp). Treat it as a searchable index of what was broadcast, not a quotation record.
00:00:00because
00:00:00of so the way our elections have gone,
00:00:03you know, essentially part
00:00:05of the problem
00:00:06that that we have in my view is that the people
00:00:10have been
00:00:11of dispossessed, and it's not just
00:00:13a recent thing, I think you significantly
00:00:17part, I think in 2015 there was a little bit of national
00:00:21clamor, something like that, but I i think
00:00:24there has been such very significant disconnection in this
00:00:28country whereeb,
00:00:31i politicians have managed how to make
00:00:34sure that those who come out to vote, they are b, they are their
00:00:38own, they can predict it, they know what will happen, they know that some people are not
00:00:42of going to come out, that's the real problem in my view, yeah, is
00:00:46a real problem, but you are solving that problem because people
00:00:49retreat from a mess, but when
00:00:53a mess is coming to where they are retreating to, they have to confront the mes and clear it
00:00:57off, are we at that point, point and you can see
00:01:01of in
00:01:01of with what they did and with many people are going to do, you see the
00:01:05problem of philosophical
00:01:08confusion is that
00:01:10of the elite, because so for some
00:01:13reason there is
00:01:16a macroeconomic singularity that coniz the
00:01:20elites in the profession, in business, in politics in
00:01:24enterprise or combined, yeah, and either they are expecting
00:01:28something from
00:01:29of government, or they are enjoy something in government or they did
00:01:33something in the past with government which
00:01:35of ties them, so if you go around the former governor, former
00:01:39this, former that, businessman, the contractor, those who
00:01:43are perpetually sing their cv for government
00:01:46of appointment, you will get narrative of f a
00:01:49comply, but if you go to the ordinary
00:01:51people, not get
00:01:55anybody's vote, from the ordinary people,
00:01:59and what? we are contesting against now, except those who
00:02:03are hired, that's
00:02:04of i'm say, those are appendages
00:02:06of the concept of traveling theater
00:02:09party that the
00:02:11of politician can sustain for himself, but when you go back to the
00:02:14people themselves who have to make an honest living, you have
00:02:18to confront the algorithm of life, yeah
00:02:22that the algebra is not working, because here i
00:02:26am, i've seen taxi
00:02:29a drivers
00:02:34buying fuel and just packing and putting
00:02:38his head on the steering wheel and just there
00:02:41dejected dejected and i approach
00:02:45and say are you sick?
00:02:47in look, i struggled and struggled to get this
00:02:51money to buy this fuel and bought this fuel put in my tank
00:02:54i don't even know where to which direction to
00:02:57face if i go this way will see
00:03:01of a passenger or will i just burn this fuel and come back to square
00:03:04one? you get my point? so we did what we could do
00:03:08there, we discuss and then you go to different
00:03:10of parts
00:03:11of the country, it is very clear that there is clarity, they
00:03:15notice there's no government in place for them, and they know that the the
00:03:19president, the governor, whoever is around is
00:03:22not willing or capable of addressing
00:03:25a their issues, why we are having a challenge as a position
00:03:28is that... they are thinking that the
00:03:32problem is so big, that's the people, the ordinary
00:03:36people are thinking that the problem is so big that even we can't solve it,
00:03:40are just discussing it in order to go there and also fail like the
00:03:44rest, so we now have to be defending our
00:03:47thesis, a case by case basis, you are different, ye
00:03:51discussing and telling them that look, the problems are not
00:03:54insurmontable, but that there is somewillingness the part
00:03:58of the elite who are there, to solve it and that you not
00:04:01participating is you are also participating
00:04:04because so so so far in
00:04:08your uh you know engagement do you see some
00:04:11game changing
00:04:13of emergence something that is going to be game changing one thing is clear one thing is
00:04:17clear I am 50%
00:04:20satisfied I'm working on the other half the other
00:04:2350% I am satisfied
00:04:27that
00:04:28a Nigerians will not return.
00:04:32he needs to know that no matter what he does,
00:04:35what i'm struggling, the nigerians will not return him, and if he tries to
00:04:39return himself by some um
00:04:43ontowards methodology, the consequence will be
00:04:46of worse, so the next thing we want to do
00:04:49is what do
00:04:53we do next, because i am concerned the same
00:04:56of way if you go back and
00:04:58of review some tapes where people were from 2019 people were
00:05:02talking about um buari i said
00:05:05i don't i
00:05:06don't disagree with you
00:05:07we say 2015 no 2019 okay that was the second
00:05:11time yes i said 'don't
00:05:13worry about
00:05:16buari, worry about you not
00:05:20regretting later that the person will replace Buhari
00:05:24is worse than Buhari, that the time will forget it, that can you
00:05:28say that I said a time I come when you will say oh my
00:05:31god wasn't this bad and that time has come now, so when I'm talking to the
00:05:35political elite is that casting like any other
00:05:39vise, it's not that difficult, he's not performed'. he can't
00:05:43perform well, it can't appreciate the need to perform well, it cannot
00:05:47even define what good performance is, and the echo
00:05:51chamber ringing his head is not helping him, so
00:05:54he is out, but if in the
00:05:58annoyance, you go and get a
00:06:01person that has similar
00:06:04faulbility that, it must
00:06:08be worse, because as time goes on every
00:06:10defect. of vise or inadequacy the
00:06:14president, guess what, there are some mistakes made
00:06:18that it could get away with it in the year
00:06:222000, any president 2026 cannot get away with
00:06:25it, because the the
00:06:29algebra is showing that
00:06:32everything is in quantum leap, population is more,
00:06:36so if you if you put 20% in unemployment,
00:06:40it's a huge number now, if you put 25% hunger is huge
00:06:44number now, if you alienate 25% the
00:06:48population, the volatility is higher now and
00:06:52the internal environment is less commodious, it's less
00:06:54conducive in just time there were heads of
00:06:58state, is
00:07:02this strong enough to to prevent voter
00:07:04party in your v? i can tell you if we achieve
00:07:08anything at all, we are achieving a...
00:07:12good photo turn out the reason why we are all going
00:07:16round particularly for me is i want
00:07:20to make citizens out the Nigerian
00:07:24populist before i can tell them vote for me or vote for
00:07:27somebody we must first give them a sense of
00:07:31citizenship people if a person who hasn't got a sense of
00:07:34citizenship is casual bribed to the ballot
00:07:38box he doesn't know yeah that he is pressing the nuclear boting of poverty
00:07:42again. himself so the first you could see people
00:07:45criticize me when you go around campaign say vote for me vote for me i
00:07:49say it doesn't work that way i want
00:07:51you to appreciate the issues
00:07:54understand the the solution we are bringing and
00:07:58have your own sense of pride in Nigeria sense of commitment sense of
00:08:01citizenship then when you have that when you go to vote you are
00:08:05voting it's a sense of responsibility and commitment and with bounding
00:08:09hope that this your vote is going to be investment in the future
00:08:13the country, we have uh prince by the way, i
00:08:17call him because that's that's you of prince, we have about five minutes and i
00:08:21want you to talk about subsidy, yes you know, i'll make a
00:08:25position and then you will you will respond, now so shan
00:08:29of all the political um
00:08:32narrative, i think the the
00:08:36poor vulnerable nigerias deserve a f
00:08:39subsidy, that's my personal view, i think so. and I
00:08:43believe that it's possible okay, what
00:08:47which you don't have is the kind of corrupt
00:08:50leading subsidy regime that we have had,
00:08:54which many of our past leaders have not been bold enough to deal
00:08:58with, president has managed to say subsidy is
00:09:01gone, but he has failed so far to deal with the
00:09:05corruption of subsidy, because we don't have
00:09:08anybody that is being punished, there's no, the
00:09:12impunity is still there, the report of CBM
00:09:16investigation that was done,
00:09:17you don't happen to it, I think that is what has to
00:09:21happen so that we can stop, we can block the financial
00:09:25leakages, because most them are corruption laid in, but we
00:09:29can find a way to extend subsidy to the vulnerable
00:09:33people who deserve it. what's your view uh prince? my view is that
00:09:37there's a difference between administration and economics, what they
00:09:41are doing is that? administration of poverty,
00:09:44administration of mismanagement, what we need to do is run an
00:09:48economy, an economy, before you go into
00:09:52subsidy, you go into productivity,
00:09:56okay, you you go and say, how can i produce
00:09:59affordable fuel in Nigeria, if you produce affordable fuel
00:10:03in Nigeria, you are selling the fuel for 200 per l
00:10:07petrol, nobody will ask you for subsidy, Nigerians are not interested
00:10:10in your subsidy, discussion, they are interested in
00:10:14living their life productively, and
00:10:16the problem is
00:10:17that I don't think we can afford,
00:10:19we can't go back to, in the next couple years, you can
00:10:23go back. go all
00:10:25right, you were in government you knew,
00:10:29yeah
00:10:30that buari was not lying when he said he was doing turn around
00:10:33maintenance, mel was doing turn around
00:10:36maintenance, they collected money and they is not a small
00:10:40company, they cannot commit fraud without go to prison
00:10:44south korea and
00:10:46m,
00:10:50all those people who were on the board of
00:10:52NMPC
00:11:25these four refineries can work, but it doesn't work, it will
00:11:29work on me, because because I don't
00:11:32have interest to exploit
00:11:36people and get caught in the petroleum market, that's the corruption of which I
00:11:40speak, when you vote corrupt people out, then you vote them
00:11:44with their problems, let me give you another example, you know that
00:11:48we have 445,00 liters, that will reserve for
00:11:51domestic crude, when when government came out, one the things the... investigated for
00:11:55the swap g some other people,
00:11:59whatever, was what did what happened to the 44500 liters? yeah,
00:12:03they said they were doing this swap over seas to collect white finished product
00:12:07bag, the 445 is still there, what i have
00:12:10done in in our plan is that we divided our oil into
00:12:14three oil to meet
00:12:16echoas
00:12:19opec, that's the one everybody
00:12:23federational account everybody is talking about. Yeah, okay,
00:12:27two oil to meet the forwards
00:12:30contract, yeah, that has been engaged already, three
00:12:33oil for domestic
00:12:36consumption, we knew when we build, we have potacot
00:12:40one, right, we build to, we be worried,
00:12:42kaduna, we why did you make all those investment at that
00:12:46time when we had no university enough, no enough schools, we we
00:12:50wanted energy independence, I wanted energy affordability for our
00:12:54people, for our people. of our industry,
00:12:57now that was why we were the cheapest
00:13:00place in west and central africa to set up
00:13:03industries because of low
00:13:06energy and so what happened? we will
00:13:09now account for the 445 barrels. addition to that, there's
00:13:13a fourth corridor, there is
00:13:17stollen crude which the government and their business
00:13:21partners who are now pasting posters for them, buying vehicles for them.
00:13:25accordingly one side or it what trillions of you
00:13:29said that has come down it has come down on paper
00:13:32but just check satellite tracking the gulf
00:13:36of guiney you see my video when i
00:13:38went still there they are lying and that's the
00:13:42money they're stilling so take
00:13:444000 barrels there
00:13:47i give it to
00:13:50refinery you know petroleum economics you know
00:13:53the refinery costing
00:13:56mm you should know because it was petrol accountant yeah you
00:13:59take crude oil give it for free with the refinery
00:14:03because i'm
00:14:04not saying the ones going to opec for sale in
00:14:08domestic crude which they are sting for free now give it to refinery
00:14:12you give them for free yeah that's how that's how we used to do it it's
00:14:15not a swap no swap do it for
00:14:19free it's a swap of crude for
00:14:23white so which case i g you give
00:14:26give
00:14:26you me crude f yes so there are 12 but that f is going to be sold
00:14:30no wit on this how we used to do it okay give
00:14:33crude to the refinery re just to refine okay it doesn't
00:14:36sell you to be ppmc that us to sell well that's true so we
00:14:40give the refinery
00:14:42refinery refinery
00:14:46what they want is what we call cracking spread if you have your
00:14:50crude you bring it to me yeah and cracking
00:14:53to spread of ' maximum 30% 20 is okay
00:14:5625 is optimum 30 oh thank god for my life of
00:15:00what of what i put for example if you bring crued oil of
00:15:041 million dollar okay i get that yeah the product i bring out of it must be
00:15:08up to 1.3 million $3000 top the $1 million
00:15:12yeah now petrol is 46%
00:15:16ago diesel is 10%
00:15:19car and and jet
00:15:22one is 10 point percent then i have
00:15:26nafta i have gas oil i have i
00:15:29have um lower fuel
00:15:33oil i have hyper fuel i have aspatine i have asfat
00:15:37what? Nigerians are discussing, it's not the entire crew
00:15:40product
00:15:42is the PMS, it's the PMS, and me, I'm adding jet a1 because I
00:15:46want if the cost of fly to also come down,
00:15:49so refinary has more than the cracking
00:15:53spread left for them to sell and recover their cracking
00:15:56cost, so I take the two products I'm
00:16:00interested in, then
00:16:02we you go and sell that one at commercial rates, we will do the account of that one
00:16:06later, this one you are giving back at zero because gave you the crude at zero, you're giving
00:16:10back at zero okay,
00:16:11now i now sell it at 200 in the market
00:16:15and the 200 is going to dedicator account for public
00:16:18transportation mix, emergency public transportation in which case i
00:16:22start to couple together buses chisco
00:16:26anybody give you buses so so you are saying that sorry for that
00:16:30so the refinaries we get the money from other products other by
00:16:34products so that you can then determine uh the the price
00:16:38of of fire exactly, but but remember
00:16:41that i still have
00:16:42so that's a controlled kind of economy, no, no, no, that is a common sense productivity at
00:16:46home, because what you
00:16:47need to know is that the the international market doesn't affect me right
00:16:51now, the crude which i want to refine for you, yeah is being
00:16:55stolen, okay,
00:16:57so yes, in
00:17:01addition to the reminant of my
00:17:04445 barres which is accounted. just so
00:17:08- listeners understand what you're saying, i will give a
00:17:11summary and then you so that we can really make the point, so you are saying that we don't need
00:17:15to have a subsidy, you don't if we are able to first of all
00:17:19deal with the corruption, yes, it's your view that a
00:17:23good number the b
00:17:25over 400, you
00:17:26know, it can be recovered,
00:17:30yes and then given to the refinary, at what point the government or
00:17:34whatever will be able to say, sell it for this amount?
00:17:54gratis and then because of that you can then determine the price that will be and I'm
00:17:58still making a profit because right now the people are making a loss i'm making a profit and
00:18:02that profit is not going to general revenue account to pay salary nothing is
00:18:06going to petrol replacement
00:18:09transportation system where i have CNG buses, i have
00:18:13electric buses and i'm producing them and generating employment. the next
00:18:17question then is is
00:18:19how long do you think this will take for to happen if you let's
00:18:23say you won the election and you on the 29th
00:18:262027, how long will it take for this to happen? it will take less than one
00:18:30year,
00:18:30do you know why? because i know and you know if you
00:18:34don't remind you that we had
00:18:46yeah and we have not gone to fight with
00:18:50the to say what happened the time you did for us you didn't do
00:18:53it well and yesterday we should do
00:18:56yeah we have no case because they will tell you we have done it for you you shut
00:19:00it down by yourself even the cadun when i sp with
00:19:04management why did you shoot down when you are not doing they
00:19:08said they said they wanted to fix pipeline, we said you can fix pipeline
00:19:12while we are online, they said no, give us two weeks and two weeks, so
00:19:15so you're saying basically sorry, i'm sorry for interrupting you, because it's important
00:19:19for - audience to understand what you're saying, you are saying basically that the reason why
00:19:23the refinaries have not work is corruption, deliberate acts
00:19:26by you administration yeah to say that they
00:19:30want to give you petroleum tax and call of subsidy they want
00:19:34to raise money out of your life the way the increasing school fees,
00:19:38increasing jam fees, i get all
00:19:41of that, but you are saying that basically the major reason why the
00:19:44refinal government decision is government decision based
00:19:48on on person agment, yes
00:19:51and the carlosness of taxing you to pieces
00:19:55because they know that you need it, if your decision is that they're going to make
00:19:59revenue, chins god is money,
00:20:03revenue everywhere he goes is revenue, revenue, revenue he doesn't know the...
00:20:07multiplier that you can have delay the way economies you
00:20:11can grow with delay gratification government can grow with
00:20:15delayed revenue if you allow new industries to
00:20:18sprout so that way and if to do that you have to
00:20:22oil the engine or productivity and production and you have to allow
00:20:26people to circulate around the country so and that same thing goes for security
00:20:30as well so the issue is that let them not mystify the issue we will give
00:20:34you 200 per liter a profit. so when i am
00:20:38making profit, how can i say subsidy again? i am giving you 200
00:20:42per liter a profit and you're buying jet one and i can tell you that
00:20:46after the end of four years the number of nigerians who who will be
00:20:50using uh cars or will reduce because we
00:20:54are now we are now manufacturing which is easy to do
00:20:57turkey um china, any
00:21:01the india partners will give you the technology and we will
00:21:04start making buses here, even
00:21:07even uh
00:21:10is enough for to make enough buses and nigerians can travel by public
00:21:14transportation and then we go to railline and other things and water so so
00:21:18so is that contained in because
00:21:20end to
00:21:20it is in our fair talk about there with the
00:21:24subsidy argument is there is
00:21:28this farw to poverty and insecurity which is the manifesto show it to
00:21:32our people because that is
00:21:34the symbol of new Nigeria and this is where poverty is going to end and insecurity
00:21:38I going can is tell you that okay all right you know
00:21:41uh very important conversation that we've had today uh prince and I must tell you
00:21:45that we we we have to talk more about
00:21:49education this issue the refineries that
00:21:52you are now alleging was deliberately you know uh
00:21:56topid you see there very important and let me give
00:21:59information yesterday yesterday yesterday
00:22:03yesterday the refinary workers in porta
00:22:06court are threatening that if their money is not paid the going
00:22:10to shut down refinary money has in their the salary yeah another
00:22:13emonument if the refary is not why are shutting it down because the the
00:22:17the narrative that we've had before is that the sal have been paid when the f is not working
00:22:21and that doesn't make sense, it's your choice, if you want to work, if you if you crack the
00:22:25engine of your car and you're on your phone talking, you can't believe your driver wassing your
00:22:29fuel, you are the one you
00:22:30are not ready
00:22:30to move. okay, one last uh question that i would like to ask you before uh we go
00:22:34and we have just very few minutes left um so the the
00:22:38council of foreign relations in the united states you
00:22:41know uh uh did an article
00:22:44you know few days ago yeah actually autored by uh
00:22:48professor uh in Nigeria and who is an
00:22:51official, we are very good friends, yes an official the yeah, of course we were together
00:22:55in the news and temple too, very brilliant,
00:22:58fantastic, he says publicly
00:23:02that in the US he has been told that US
00:23:06government officials are worried about the
00:23:09fitness of our president
00:23:12even just govern
00:23:15and he says that it's like red
00:23:19flag. how do you respond to that as a presidential
00:23:22candidate? what i know? so this is, mean, this is
00:23:26major us think tank, what i know is that only god
00:23:30gives health, and anyone do not be too
00:23:34quick to comment on the head of an person, but what i
00:23:37know is that to comment on
00:23:40capacity,
00:23:42intellectual, physical or moral
00:23:46capacity, is not fit. is
00:23:50not better than w in his last days, it's probably
00:23:54worse, and i think he is having mental
00:23:57remission, so that is
00:24:00something that Nigerian should take seriously, and
00:24:04we cannot continue, we see other countries that have
00:24:08similar heads of state who are who have
00:24:12diminished capacity, and i study mental health, it's
00:24:16one of requirements to be a lawyer in America, even at efe we study.
00:24:20uh mental health and when you use the magnet
00:24:24rule you will see that you cannot blame decision
00:24:28maker when he doesn't know he has no situational
00:24:31awareness he doesn't know the import to what is doing is not
00:24:35self aware is having lucid episode
00:24:39occasionally when he has lucid
00:24:42interval they break him out he waves at people the dancing with one
00:24:46hand and they wheel him back into into a nursery.
00:24:50'you cannot run a country like that, but I pray
00:24:54to Almighty God, Almighty Allah, to grant
00:24:58him good health, and I also pray to Almighty God to grant him
00:25:02wisdom to know his limits, because when we went to
00:25:05Daura to bury Buari, we did not bury the Kabar with
00:25:09him, just pushing pushing pushing to the limit anyway, when
00:25:13we went to Cassina
00:25:15to burry Yaradua, we did not bry the kaba with him, so it is
00:25:18you yourself'. know the limits, but sometimes you get to point where you are so
00:25:22diminished,
00:25:23you don't know the limit, if you remember uh Ronald Reagan, yeah,
00:25:27people knew that, oh the
00:25:31gun
00:25:32is was gone, and you just need to do psychometric measurement and you know
00:25:36that the president, that's why sometimes i feel guilty when i say
00:25:39tin, i just realized this person i'm commenting
00:25:43about, he's a patient and i need to
00:25:46be patient, in defense the president he came back, you
00:25:50know uh from his vacation walking vacation to
00:25:54France and uh United Kingdom to say that I'm I'm back
00:25:58I'm
00:25:58king strong.
00:26:02section five the constitution that all executive powers are vested in the
00:26:06president is
00:26:07not for a person who is barely able to work who celebrate where you can walk 15 steps without
00:26:10falling down that's not what we are saying
00:26:12we are saying that you need to have soundness of
00:26:16mind
00:26:18of physic of moral because every day you receive 1 million bad
00:26:21news things are incomplete you you you you know
00:26:25you have worked with president and vice president before you know how intense that place
00:26:29is so but it's up to him is costume. right
00:26:33to leave, it's right to spend the last days in any capacity
00:26:37wants, but what i know is that the country can't wait for
00:26:41the st house to
00:26:42be turn to the family,
00:26:44so it's one the things you are going to consider when you are going
00:26:47to the the the pole, but think in fact to save
00:26:51this man from himself to give him the exit. thank you so
00:26:54much uh,
00:26:58thank you for uh, thank you for your for for the hard work that
00:27:02i've seen you do you know uh criss crossing this country, thank you for the
00:27:06insights that you've uh that you always bring you know uh most people don't
00:27:10know that you are an oil and gas lawyer so
00:27:12you know you understand - these issues and that's why you know i also brought
00:27:16up that issue and you brought quite a bit of uh uh
00:27:19you know interesting contest to it uh thank you for your patriotism and thank
00:27:23you for coming to inside sources thank you and may god bless nigeria yeah and we hope that
00:27:27uh uh that the president is uh strong but we're
00:27:31beginning to hear a lot of very warring uh
00:27:35observations even from abroad uh like like my guest
00:27:38said we wish the president good health
00:27:42and we wish Nigeria even better prosperity in the
00:30:41It's nice to have you
00:30:42join as you're watching news track and channels television, I'm I Sunday by top
00:30:45stories making the rounds at this time. For
00:30:49anyone who cares to listen, the 2027 general elections will mark
00:30:53the end of politics of lies and deceat. This is according
00:30:57to the presidential candidate the allied people.