The illiterates wont understand this....

9jakohai:

3. GEJ had oil at 94-120. Bubu had oil at 28-70 USD

Good analysis but you didn't tell us how much you bought fuel under GEJ despite the high price of crude oil.
Typical Of a zoneB BMC...blame!

AroOkigbo:


Good analysis but you didn't tell us how much you bought fuel under GEJ despite the high price of crude oil.
Typical Of a zoneB BMC...blame!

Sigh.....when will these APC and PDP fighters leave me alone.

1.Ahem, PMS retailed at N97 under GEJ.....up from N65 in 2012, and then to N87 in 2015.

2.This was because.....we had high dollar earnings from the high oil prices which enabled us to pay to subsidize oil, and crucially to keep the value of the naira low.

3.When Bubu came in.....oil had been falling for one year before his regime.....which meant we did not have enough dollars to pay for oil subsidies, and buffer the naira.....thus value of the naira fell, and naira price of pms went up. from 87 to 145.

4.GEJ also kept PMS prices down by paying billions in subsidy to keep you people happy in 2012....which is why we could not save when oil prices were high. That could not be sustained for long......which is why GEJ trying to raise prices to 140 in 2012 was the best idea then.

5.Now PMS landing cost is rising to 171.We are forcing marketers to sell at N145....at NNPC expense. All because we refuse to deregulate. ......a fear which you PDP and APC folk share.

6.The pictogram below is why we have to deregulate.

7.And FYI......I don't like either PDP or APC.......because they are both promoters of resource dependent economies.

9jakohai:


1.Borrowing happened under GEJ regime.

2.Want to know why...Nigeria needs oil to be at $123 per barrel to live sans borrowing.

3. GEJ had oil at 94-120. Bubu had oil at 28-70 USD.

4.Tell me, how do you expect to fund the budget when oil money isn't enough.

5.And even then, Bubu took your savings from $28bn to $34 bn with low oil prices....is that not savings for future generations.

6.If you want a stable economy, vote for leaders who will industrialise nigeria....not APC or PDP

can't vote for capitalists

mikolo80:
can't vote for capitalists

Problem with socialisim....you don't always have enough cash for all the 'welfare' programmes you want to run...

So you charge high taxes on everyone...poor people inclusive.

You confiscate the wealth of the rich to pay for welfarist programmes.....which works till you run out of rich people.

The UK has the NHS...which provides free health care for everyone....at the expense of high taxation for everyone...and it has a lot of debt.

9jakohai:


Problem with socialisim....you don't always have enough cash for all the 'welfare' programmes you want to run...

So you charge high taxes on everyone...poor people inclusive.

You confiscate the wealth of the rich to pay for welfarist programmes.....which works till you run out of rich people.

The UK has the NHS...which provides free health care for everyone....at the expense of high taxation for everyone...and it has a lot of debt.

precisely
So what we need are capitalists not politicians