He made good points.

Uba is right. What he said is absolutely right. Fix petrol importation, fix rice importation (not by banning but increasing local production), naira will appreciate. This can be done in less than a year.

The sun will always rise from the east

Abeg if u no undaztand wey tin dem dey talk. Keep mute. let doz dat kn comment firzt. En

They will never listen but if its Dangote. U will see the senate debate over it tommorow...

The wizards in Aso rock that Reuben Abati mentioned will not allow Buhari to have a second look at this proposal

Display of Street-smartness and a possible solution proffered. Most ppl here criticizing him, what has ur paymaster done so far to savage d situation. Yinmu! Y'all shud stop dis bootlicking and start being rational wen d need be! #enoughSaid

Sibrah:
This man is delusional. Even though he made sense, he is trying blow the influence of his suggestions out of proportion here . . . .
There is no way 75% of forex can be used for fuel alone. Modular refinery concept is good but being exargerated by Ubah.

Go back to your chosen profession

GOOD ONE! unlike those who blame past leaders [b][/b]

Pavore9:
He made some good points.

Why should the govt lend money to oil marketers if:

They are also borrowing to fund capital projects

They have refinery assets they can privatise

The crooks have nothing on business ethics

Sibrah:
This man is delusional. Even though he made sense, he is trying blow the influence of his suggestions out of proportion here . . . .
There is no way 75% of forex can be used for fuel alone. Modular refinery concept is good but being exargerated by Ubah.

Dude, pick a struggle. He is delusional and yet in the next line you admit he made sense. Pick one side nau.

QUOTE.......“Money-making is an art. There is nobody that can’t make money. It depends on how you design the art of how you want to make money.....thinking like a REAL hustler

jaybee3:


Why should the govt lend money to oil marketers if:

They are also borrowing to fund capital projects

They have refinery assets they can privatise

The crooks have nothing on business ethics

So why are they yet to privatise the refinery assets they have?

Talking about crooks, like the government itself is not a collection of crooks. Sigh.

mesoprogress:
Uba is right. What he said is absolutely right. Fix petrol importation, fix rice importation (not by banning but increasing local production), naira will appreciate. This can be done in less than a year.

You obviously didn't bother to read his epistle cos where on earth did he make suggestion to fix/control prices?

Keneking:
Rubbish

Bruh read it again... This tym SLOWLY

Keneking:
Rubbish

Bruh read it again... This tym SLOWLY

Keneking:
Rubbish

Bruh read it again... This tym SLOWLY

TAKE IT OR LEAVE IT

ephi123:


So why are they yet to privatise the refinery assets they have?

Talking about crooks, like the government itself is not a collection of crooks. Sigh.

Refinery isn't necessarily a viable business considering associated costs and all

OK give it to this man, he really knows what he's saying.

.

Sibrah:
So Ubah is just realizing that we have bad economic manager? When we sold oil for $120pb+ on a budget benchmark of less than $80pb and still borrowed, build no new refinery, fix old refinery or built modular refineries, he didn't realize there was bad management then.
We even exhausted over $120B in forex between 2008 - 2015 and Ubah didn't see bad management.
Suddenly his wisdom and 'love' for One-Nigeria has come alive when oil is going for far less.
He even thinks the idea of a modular refinery is new and is trying to say Nigerians don't know about it.
This man is delusional at best and parading as a grade A clown.

.
And he also was one of those former President Goodluck Jonathan contracted for the 2015 presidential election.
He was trying to shade Alhaji ALIKO DANGOTE.
With all his bragging rights, he is not yet a US$ Billionaire as DANGOTE, Adenuga, Jr and Otedola.

jaybee3:



Refinery isn't necessarily a viable business considering associated costs and all

But at the same time you are mentioning it as a reason why the government should not give oil marketers loans. If it is not a viable business, then that makes it of no relevance.

jaybee3:
In effect, the government should borrow you and your friends $2B without considering the following?

You guys don't declare bankruptcy
You guys don't embezzle the funds
The price of oil rebounds so the cost of refining makes that business venture profitable

One question though, how come dangote was able to leverage in order to pour money into his own refinery venture?

Stoopid man!!!!!!

Dey till hunger go kill u

Islie:









http://www.vanguardngr.com/2016/11/buhari-can-crash-dollarnaira-disparity-ifeanyi-ubah/

The Md Of Capital Oil Should First Address His Company Mal-Treatment Of Customers Who Deposit Money For PMS Etc At There Depot To Lift Products. The Treatment Customers Go Through To Lift Products From Their Depot Should Be His Mean Concern. Then You Address Other Issues.

I see sense, nothing but sense.God bless indigbo.

See the part wey I like wella: . . . ‘it’s not about academics, it’s about being streetwise.’ “Money-making is an art. There is nobody that can’t make money. It depends on how you design the art of how you want to make money.

Sibrah:
This man is delusional. Even though he made sense, he is trying blow the influence of his suggestions out of proportion here . . . .
There is no way 75% of forex can be used for fuel alone. Modular refinery concept is good but being exargerated by Ubah.

less than a Month I've joined Nairaland, I've never seen a post from you that a sane person will agree with you. You and host of other fellow zombies are the ones making people to insult SW meanwhile not all SWesterners think like lunatic. At least try engage your brain and link it with reality. Haba!

Sibrah:
So Ubah is just realizing that we have bad economic manager? When we sold oil for $120pb+ on a budget benchmark of less than $80pb and still borrowed, build no new refinery, fix old refinery or built modular refineries, he didn't realize there was bad management then.
We even exhausted over $120B in forex between 2008 - 2015 and Ubah didn't see bad management.
Suddenly his wisdom and 'love' for One-Nigeria has come alive when oil is going for far less.
He even thinks the idea of a modular refinery is new and is trying to say Nigerians don't know about it.
This man is delusional at best and parading as a grade A clown.

So what's your own solution to the problem?? He just proferred his.