imoleay0:
Dr Goodluck Jonathan till 2019!

Mynd44:
There are too many Harvard trained economists in Nigeria who want to bring foreign economic theories which were fashioned in places that is not Nigeria. Our economic policy must be suited for us. We have to find a way to tweak then to suit Nigerian and not say because it worked in America, it will work here. That is false. If we should borrow economic policies, lets borrow from nations that have similar problems.

Our when coming up with policies, people who actually live in Nigeria, do business in Nigeria and walk the streets with Nigerians should be part of the think tank

Mynd44:
Nigeria wants investors to looks at us seriously but our issues are just too silly. We have a presidency where a lot of people in government throw jabs at a certain religion.

Too much attention is paid to ethnic divisions

We are simply unserious about infrastructure

Power supply is a nightmare

We don't have any long term economic plan

I don't think people actually sit down and ask why we are this way.

muh4lyf:
The didn't destroy Niger delta,it was corrupt niger delta leaders that destroyed Niger delta. They are corrupt and selfish,they stole the money meant for their people so before you conclude please analyse

Ikengawo:


LOL at they didn't destroy the Niger Delta






I have noticed that an ignorant Nigerian will always say his wife in barren because 'corrupt' and 'leaders'. Anytime I see these two words in a sentence I know the person has no explanation to the question at hand.

kolokolobi:
@fulanigirl...I get.
So is the audit for ever I thought the report was to be made ready end of October or there is a deliberate attempt to keep it away till after the elections. Just thinking.

Kolade354:
your signature is enough to support a man who abadon chibok girlz................mention one tangible achievement of the drunkard in your state.

duni04:

They're dealing with volatility from two ends, the price per dollar of crude, and the value of the naira against the dollar. It actually makes more sense to maintain the status quo till we enter a more stable regime of both price of crude and naira value. We could have prevented this if we'd accepted the subsidy removal in 2012. We'd probably be enjoying N60-N80 petrol now, or even lower. Instead we're waiting for the government to reduce the price for us.

Heffalump:


You speak like a blind man. If you don't see, don't you hear too? Stay there and be deceived by your APC party.

Bevista:

I completely agree with you on the stability issue as it concerns PMS. However, if your point regarding enjoying N60-N80 petrol was valid, then why am I not enjoying such price differential in AGO which you and I know it's not subsidized.

If the price of AGO does not reflect market realities even after complete removal of subsidy, what is the guarantee that the price of PMS will do so upon full deregulation.

The government seems to still FIX prices even after deregulation. Just curious.

muh4lyf:
James Ibori is an example of one of Niger delta's corrupt leader.... I guess you're the one that has no explanation for the allegation I made... The truth is very glaring. We all complain that the white men don't like us. The question is,do we love ourselves? I'd live you to ponder on that... If you don't agree that Nigeria is the way it is because of corruption,then I rest my case.

datribune:


Thanx & no thanx. We vote 4 change. However We wish u what u wish us. May Almighty God giv u a leader dat will govern ur native land d way GEJ has governed Nigeria IJN we pray. Amen

duni04:

Maybe the importers have conspired to keep the prices high. The major motivation for subsidy removal is to encourage investment in local Refining with new refineries, not to encourage competition amongst importers. Only a few people are allowed to import (Otedola & friends) so its very easy for them to sit around a table and fix prices. Let's see how the government or cartels will control prices in a fully liberalised downstream sector with both local and foreign participants.

imoleay0:
Dr Goodluck Jonathan till 2019!

Kolade354:
your signature is enough to support a man who abadon chibok girlz................mention one tangible achievement of the drunkard in your state.

Ikengawo:


James Ibori's oil company dumped it's excess oil into the Niger Delta? Even floods are blamed on politicians. Sometimes I wonder if out IQ is what's killing us.

jkross:


How did he abandon chibok girls..?

anonimi:


Where were you when Jonathan wanted to LIBERALISE the downstream oil sector that would have allowed investors in refineries to ULTIMATELY bring down price though enhanced COMPETITION?

Was this not what happened with the

- Telecoms
and
- Cement


sectors

egift:
[img]http://1.bp..com/-K75wl44Yen0/VK-k3fZtIBI/AAAAAAABfbw/3ibz6lb5JOg/s1600/CHANGE.png[/img]

arsetalks:
Educate me please. Why exactly should the fuel subsidy be removed.

Let's do this please.


Edited - I mean why should it be removed. Oya educate me.

Mynd44:

Wrong.

I support removal of subsidy but inna country like Nigeria where public officers are not know for being accountable, I suggested it was continued and the reason is simple. The subsidy is the only way the people fells like the government is doing anything reasonable for them.

When the subsidy was removed(even partially), how has the money affected the people? What has changed? What has happened to the money saved?

How has the money affected the man on the street? We were told there will be palliatives and some silly buses where are they? Have you rode one before? Do you know someone who has?

If the money saved form the partial removal was used to fix just one refinery it would have been better. What has been done with the money?

Throughout the oil boom of last year what was done with the excess funds? Did we build or fix our refineries? Did we use the money to fix our power supply or make our society more secured.

The subsidy removal will have no effect on Nigerians due to corruption so why not just leave it as it was the only way it would benefit the common man. That is economics a government should look at not some economic theory that will end up a failure

vanunu:




I know that u are one of those who objected to subsidy removal. At times I wonder the kind of school u people went to.

smile4kenn:

http://www.bloomberg.com/news/2015-01-08/o-neill-says-jonathan-vote-loss-may-be-seen-as-nigeria-positive.html

Mynd44:
There are loads of investors who want to come into Nigeria but they don't really see the government. They expect the government tl be serious in things like security and power supply which is something that is needed tl trigger economic growth but we seem not to care about them.

I am still here wondering why we have no private refineries yet or why our public refineries are not working well

t2luv1:


Oya Je kin educate e: Removing the subsidy will really let the market decide the actual cost of the product. Right now nobody really know the true cost of bringing the product into the country. I am a firm believer in free market system. This current set up allows for corruption because there is no transparency. The importer operates in an environment where there are no risk involve in what they are doing, because the subsidy automatically guarantees them huge returns on their investment. The essence of a free market economy is base solely on risk and reward. Why should the government intervene in the en devour.

muh4lyf:
Well the point is OUR NIGERIA is in mess. I pray for God to shower His mercy on us.

Orikinla:

[size=18pt]GEJ himself knows that he cannot win a free and fair presidential election.
If he has succeeded in his 6 years of being President of Nigeria, he will not be seeking for a second term. But the conviction of his administrative failures as President and Commander-in-Chief and the bad legacy he would leave is why he is desperately seeking another term of 4 years to see how he can redeem his bad public image and maladministration of his grossly corrupt and incompetent government in the history of Nigeria.
When the New York Times finds your government grossly corrupt and your answer is to sack the governor of the apex bank, you have only shown how terrible you are. The lack of accountability is enough to show that this is the most irresponsible administration in the history of Nigeria with the most corrupt civil service from the Niger Delta to Abuja. Those inside the system know how horrible and terrible it is. From the Corporate Affairs Commission (CAC) to the Federal Inland Revenue Service (FIRS), corrupt practices are the order of the day. Bribery and corruption have bastardized the public office. [/size]

all4naija:
Primitiveness is in the genes of Nigerians! PERIOD!

dasparrow:


This is a new year 'allagainstnaija'. Respect yourself this 2015. Each time you insult ALL Nigerians, you are equally insulting your father who is a Nigerian too in case you have forgotten. Don't make me descend on you like a tornado this new year. I can see that you have failed to take your medication and are suffering a relapse. Go and take your meds and stay off Nairaland until you start making some sense. RESPECT YOURSELF and don't carry your nonsense from last year into this new year. You have been warned.