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Oil Price Sinks To Lowest Level In 16 Years - Politics (2) - Nairaland

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Mele Kyari: Nigerians Should Prepare For 3 Months Trouble Over Oil Price Crash / Crude Oil Not Sold For $100 In 16 Years Of PDP – Atiku / Electricity: We’ve Performed Better Than PDP Did In 16 Years – Fashola (2) (3) (4)

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Re: Oil Price Sinks To Lowest Level In 16 Years by tensazangetsu20(m): 11:56pm On Mar 18
voltron14:


So it's the closure of borders of 6 months that rendered Nigerians unproductive for 60 years?
The government doesn't want Nigerians to be productive. The more people get productive, the more people would climb out of poverty, the lesser people they would be to control. They still need to share rice and win votes and that's why anything to defeat poverty would always be crushed.

23 Likes 1 Share

Re: Oil Price Sinks To Lowest Level In 16 Years by voltron14: 12:05am On Mar 19
tensazangetsu20:

The government doesn't want Nigerians to be productive. The more people get productive, the more people would climb out of poverty, the lesser people they would be to control. They still need to share rice and win votes and that's why anything to defeat poverty would always be crushed.


Unlike many, I don't do such conspiracies.

There is no government that does that, none whatsoever.

There are many positives from all governments in Nigeria but I insist, the Nigerians are too unimaginative to embrace the opportunities.

Even this thread speaks volume.

Notice how, as soon as I made it an economic discourse, the early dimwits abandoned the thread?

That is typical.

As soon as it requires effort and persistence many flee.

23 Likes 1 Share

Re: Oil Price Sinks To Lowest Level In 16 Years by tensazangetsu20(m): 12:06am On Mar 19
voltron14:



Unlike many, I don't do such conspiracies.

There is no government that does that, none whatsoever.

There are many positives from all governments in Nigeria but I insist, the Nigerians are too unimaginative to embrace the opportunities.

Even this thread speaks volume.

Notice how, as soon as I made it an economic discourse, the early dimwits abandoned the thread?

That is typical.

As soon as it requires effort and persistence many flee.

So why doesn't the government provide electricity and an enabling environment if they seek to increase productivity? Most people do not need more than those to build something. What policies have the Nigerian government put in place to make Nigerians more productive? To make businesses thrive. Tell me.

9 Likes

Re: Oil Price Sinks To Lowest Level In 16 Years by Gerrard59(m): 12:11am On Mar 19
voltron14:
B

We are not doing even close to enough.

Less than 1% of the population involved in a trade that brings in less than 2% of the total GDP isn't the yardstick you wish to measure with.

The common man should be in tangible production, be it of bathroom slippers or zippers.

The cost of labour is extremely low in Nigeria, which in itself should drive productivity as a significant factor of production but it doesn't.

We must produce.

Produce or perish.


When you agree that lack of constant electricity is a huge obstacle to productivity, then you are talking. The cost of transporting a container of goods from Osaka to Lagos is the same as from Kano to Lagos. How is that any entrepreneur's fault? The cost of production is at least 30% higher than other comparable nations. These were said by senior executives at Olam. So I wonder how productivity can be achieved when electricity is unavailable. Before you mention the Chinese, do understand that they are backed by cheap loans from the Chinese government.

18 Likes

Re: Oil Price Sinks To Lowest Level In 16 Years by voltron14: 12:20am On Mar 19
tensazangetsu20:

So why doesn't the government provide electricity and an enabling environment if they seek to increase productivity? Most people do not need more than those to build something. What policies have the Nigerian government put in place to make Nigerians more productive? To make businesses thrive. Tell me.

You know many Nigerians are unwilling to hear the truth.

Under the previous government electricity was privatised. Unfortunately, it was sold to fly-by-night businessmen who had no interest in improving on power but seeing it as an opportunity to make money forever, even without effort.

Since these deals are legally binding, the government of the day cannot break such a stranglehold.

In any case, we are an extremely poor nation, and seeking quick fixes are unachievable.
We do not have the local capacity to build cables or any form of components to make power generation a local game.

Government has recently sought the support of Siemens and we can only support them to achieve, rather than castigate, impugn and sabotage.

Often times, I wonder if Nigeeians truly seek a solution to their predicament.

10 Likes

Re: Oil Price Sinks To Lowest Level In 16 Years by Yankee101: 12:22am On Mar 19
Corona don confirm Buhari's presidency as the worst naija ever had.

Coupled with the fact that he was a major player in Abacha's govt and fought in the civil war, nothing remains to except him from that title.
Re: Oil Price Sinks To Lowest Level In 16 Years by voltron14: 12:23am On Mar 19
Gerrard59:


When you agree that lack of constant electricity is a huge obstacle to productivity, then you are talking. The cost of transporting a container of goods from Osaka to Lagos is the same as from Kano to Lagos. How is that any entrepreneur's fault? The cost of production is at least 30% higher than other comparable nations. These were said by senior executives at Olam. So I wonder how productivity can be achieved when electricity is unavailable. Before you mention the Chinese, do understand that they are backed by cheap loans from the Chinese government.

Is electricity cheap anywhere?

Talking about the cost of shipping from Osaka to Nigeria viz local transport, isn't that the reason for the creation of dry ports?

7 Likes 1 Share

Re: Oil Price Sinks To Lowest Level In 16 Years by senatordave1(m): 12:24am On Mar 19
voltron14:


You know many Nigerians are unwilling to hear the truth.

Under the previous government electricity was privatised. Unfortunately, it was sold to fly-by-night businessmen who had no interest in improving on power but seeing it as an opportunity to make money forever, even without effort.

Since these deals are legally binding, the government of the day cannot break such a stranglehold.

In any case, we are an extremely poor nation, and seeking quick fixes are unachievable.
We do not have the local capacity to build cables or any form of components to make power generation a local game.

Government has recently sought the support of Siemens and we can only support them to achieve, rather than castigate, impugn and sabotage.

Often times, I wonder if Nigeeians truly seek a solution to their predicament.
My brother,you really understand Nigeria's predicament very well.we must start producing,look for revenue outside oil and provide infrastructure slowly but steadily

11 Likes 2 Shares

Re: Oil Price Sinks To Lowest Level In 16 Years by senatordave1(m): 12:26am On Mar 19
Yankee101:
Corona don confirm Buhari's presidency as the worst naija ever had.

Coupled with the fact that he was a major player in Abacha's govt and fought in the civil war, nothing remains to except him from that title.
Ebola during gej nko? Is your digression an admission of your lack of intellect

6 Likes 2 Shares

Re: Oil Price Sinks To Lowest Level In 16 Years by ayukdaboss(m): 1:38am On Mar 19
voltron14:


Nigerians generate an average of 2000 dollars annually.

What miracle are you expecting?

A man produces only 2 thousand dollars of wealth annually but believes he should be living like Jay-Z.

Get real.
Don’t mind them

3 Likes 1 Share

Re: Oil Price Sinks To Lowest Level In 16 Years by jedisco(m): 1:43am On Mar 19
voltron14:


You know many Nigerians are unwilling to hear the truth.

Under the previous government electricity was privatised. Unfortunately, it was sold to fly-by-night businessmen who had no interest in improving on power but seeing it as an opportunity to make money forever, even without effort.

Since these deals are legally binding, the government of the day cannot break such a stranglehold.

In any case, we are an extremely poor nation, and seeking quick fixes are unachievable.
We do not have the local capacity to build cables or any form of components to make power generation a local game.

Government has recently sought the support of Siemens and we can only support them to achieve, rather than castigate, impugn and sabotage.

Often times, I wonder if Nigeeians truly seek a solution to their predicament.

Stop making excuses for ineptitude. This government is over 5 years but they're still pointing fingers.
Privatisation of some aspects of power generation was a step in the right direction. What I had expected this government to do is to build on that by mandating distribution companies to issue meters to customers much more earlier. After all, most were shedding power even when available as they preferred to use estimated billing and take in profits without doing much. What did the government do for all these years it's been going on? It's now they're trying to find a solution. Even if you claim they were sold to the wrong people, there are ample ways of mandating performance. Look at our refineries. Would you also blame their redundant state on the 'past government'?

Also, another way they could have built on past efforts was by privatising distribution (which the government still hold unto and has continued to run it down) and making it easier for states to produce and supply power locally. It's not rocket science. Keep this government for 20 years and they'd still look for who to blame

8 Likes 1 Share

Re: Oil Price Sinks To Lowest Level In 16 Years by voltron14: 1:45am On Mar 19
jedisco:


Stop making excuses for ineptitude. This government is over 5 years but they're still pointing fingers.
Privatisation of some aspects of power generation was a step in the right direction. What I had expected this government to do is to build on that by mandating distribution companies to issue meters to customers much more earlier. After all, most were shedding power even when available as they preferred to use estimated billing. What did the government do for all these years it's been going on? It's now they're trying to find a solution.

Also, another way they could have built on past efforts was by privatising distribution (which the government still hold unto and has continued to run it down) and making it easier for states to produce and supply power locally. It's not rocket science. Keep this government for 20 years and they'd still look for who to blame

The question I would ask you is if this government is inept, were they also responsible for lack of power supply for.the rest 55 years?

6 Likes 1 Share

Re: Oil Price Sinks To Lowest Level In 16 Years by jedisco(m): 1:50am On Mar 19
voltron14:


The question I would ask you is if this government is inept, were they also responsible for lack of power supply for.the rest 55 years?

They were voted in to build on the progress or fix the errors where necessary of the past 55 years and not to start blaming every past government from Nnamdi Azikiwe of 1960.

The question is that in the 5 years they've been there, what tangible steps and progress has been made on power? 5 years is enough time to know the direction of a sensible government

22 Likes 1 Share

Re: Oil Price Sinks To Lowest Level In 16 Years by voltron14: 1:59am On Mar 19
jedisco:


They were voted in to build on the progress or fix the errors where necessary of the past 55 years and not to start blaming every past government from Nnamdi Azikiwe of 1960.

The question is that in the 5 years they've been there, what tangible steps and progress has been made on power? 5 years is enough time to know the direction of a sensible government

My initial response is the lack of creativity and productivity of the average Nigerian, however you seem more fixated on government.

I continue with my premise, Nigerians are unproductive and uninventive people.

Whatever shade you wish to colour it by, 60 years of nationhood underlines this fact.

Watch how he would swing it to politics.

11 Likes 1 Share

Re: Oil Price Sinks To Lowest Level In 16 Years by iLoveOmenka: 2:15am On Mar 19
voltron14:


How much do you think a country of 200 million people require for its annual budget?
Re: Oil Price Sinks To Lowest Level In 16 Years by jedisco(m): 2:15am On Mar 19
voltron14:


My initial response is the lack of creativity and productivity of the average Nigerian, however you seem more fixated on government.

I continue with my premise, Nigerians are unproductive and uninventive people.

Whatever shade you wish to colour it by, 60 years of nationhood underlines this fact.

Watch how he would swing it to politics.

Below is a snippet of your post I quoted and the reason you gave for our current power problem. All I did was make you see why your excuse of blaming the past government wasn't sensible.

Whatever you wish to call Nigerians, I wouldn't go down that line of self hate with you. Yes, Nigeria has her problems but Nigerians are humans similar to same specie in any part of the world. We are not of less value.

voltron14:


You know many Nigerians are unwilling to hear the truth.

Under the previous government electricity was privatised. Unfortunately, it was sold to fly-by-night businessmen who had no interest in improving on power but seeing it as an opportunity to make money forever, even without effort.

Since these deals are legally binding, the government of the day cannot break such a stranglehold.

10 Likes

Re: Oil Price Sinks To Lowest Level In 16 Years by iLoveOmenka: 2:19am On Mar 19
voltron14:


Nigerians generate an average of 2000 dollars annually.

What miracle are you expecting?

A man produces only 2 thousand dollars of wealth annually but believes he should be living like Jay-Z.

Get real.

1 Like

Re: Oil Price Sinks To Lowest Level In 16 Years by iLoveOmenka: 2:34am On Mar 19
voltron14:


The populace is unimaginative, uneducated and highly unproductive.

This is the stark reality.

Take out this leader bring in a new set, the situation would be the same until the people realise they aren't actually inventive.
Re: Oil Price Sinks To Lowest Level In 16 Years by Yankee101: 2:42am On Mar 19
senatordave1:

Ebola during gej nko? Is your digression an admission of your lack of intellect

Ebola was stopped in it's tracks

You see where your paucity of cerebellum shows?

5 Likes 1 Share

Re: Oil Price Sinks To Lowest Level In 16 Years by iLoveOmenka: 2:43am On Mar 19
voltron14:


My initial response is the lack of creativity and productivity of the average Nigerian, however you seem more fixated on government.

I continue with my premise, Nigerians are unproductive and uninventive people.

Whatever shade you wish to colour it by, 60 years of nationhood underlines this fact.

Watch how he would swing it to politics.
Re: Oil Price Sinks To Lowest Level In 16 Years by iLoveOmenka: 2:43am On Mar 19
voltron14:


The question I would ask you is if this government is inept, were they also responsible for lack of power supply for.the rest 55 years?
Re: Oil Price Sinks To Lowest Level In 16 Years by iLoveOmenka: 2:49am On Mar 19
voltron14:


I simply used an industry we are all familiar with and how it has changed the landscape.

We must produce, be it movies, chewing or chocolate.
Re: Oil Price Sinks To Lowest Level In 16 Years by iLoveOmenka: 2:49am On Mar 19
voltron14:


Spare me that.

What percentage of the population are achievers?

Haven't you heard about 14 Nigerians arrested for fraud in the USA, just this week? That is not wholly representative of us, neither are these hardworking people you are referring to.

Yes, we are capable of learning but learning isn't invention, neither is it productivity.

Productivity is desire and application, what you find the Indians doing.

We as a nation are unproductive and I can't reiterate this enough.

We need to realise this.

Quickly.

2 Likes

Re: Oil Price Sinks To Lowest Level In 16 Years by iLoveOmenka: 2:49am On Mar 19
voltron14:


Let me tell you something.

When Abacha was president, Nigeria was under a choke hold, there was no electricity just like today but that was the period in which the Nigerian home video industry (Nollywood) became an African brand.

What of the Afro music that has gone global today, when did it germinate?
Same time as when Abacha was in power.

That is the kind of creativity we need in all spheres.

Today, we are talking of Coronavirus, how many protective Hazmat suits are being built in Nigeria?

How many masks are being built?

How many of the clothes in your closet are made in Nigeria?

Honestly, we lack productivity and it stems with the populace.

1 Like

Re: Oil Price Sinks To Lowest Level In 16 Years by iLoveOmenka: 2:52am On Mar 19
voltron14:
B

We are not doing even close to enough.

Less than 1% of the population involved in a trade that brings in less than 2% of the total GDP isn't the yardstick you wish to measure with.

The common man should be in tangible production, be it of bathroom slippers or zippers.

The cost of labour is extremely low in Nigeria, which in itself should drive productivity as a significant factor of production but it doesn't.

We must produce.

Produce or perish.

Re: Oil Price Sinks To Lowest Level In 16 Years by iLoveOmenka: 2:53am On Mar 19
voltron14:


So it's the closure of borders of 6 months that rendered Nigerians unproductive for 60 years?
Re: Oil Price Sinks To Lowest Level In 16 Years by iLoveOmenka: 3:00am On Mar 19
voltron14:



Unlike many, I don't do such conspiracies.

There is no government that does that, none whatsoever.

There are many positives from all governments in Nigeria but I insist, the Nigerians are too unimaginative to embrace the opportunities.

Even this thread speaks volume.

Notice how, as soon as I made it an economic discourse, the early dimwits abandoned the thread?

That is typical.

As soon as it requires effort and persistence many flee.

Re: Oil Price Sinks To Lowest Level In 16 Years by senatordave1(m): 3:06am On Mar 19
Yankee101:


Ebola was stopped in it's tracks

You see where your paucity of cerebellum shows?
I think the person in short supply of cerebellum is you.fake Yankee.a disease that china,USA and even Egypt and southy couldn't stop in its tracks,how do you expect Nigeria to stop it? Do you reason at all? Are you OK? You wouldn't agree ofcourse but sane minds will align

3 Likes

Re: Oil Price Sinks To Lowest Level In 16 Years by iLoveOmenka: 3:08am On Mar 19
voltron14:


You know many Nigerians are unwilling to hear the truth.

Under the previous government electricity was privatised. Unfortunately, it was sold to fly-by-night businessmen who had no interest in improving on power but seeing it as an opportunity to make money forever, even without effort.

Since these deals are legally binding, the government of the day cannot break such a stranglehold.

In any case, we are an extremely poor nation, and seeking quick fixes are unachievable.
We do not have the local capacity to build cables or any form of components to make power generation a local game.

Government has recently sought the support of Siemens and we can only support them to achieve, rather than castigate, impugn and sabotage.

Often times, I wonder if Nigeeians truly seek a solution to their predicament.
Re: Oil Price Sinks To Lowest Level In 16 Years by iLoveOmenka: 3:09am On Mar 19
voltron14:


Is electricity cheap anywhere?

Talking about the cost of shipping from Osaka to Nigeria viz local transport, isn't that the reason for the creation of dry ports?
Re: Oil Price Sinks To Lowest Level In 16 Years by ba7man(m): 6:12am On Mar 19
voltron14:


So it's the closure of borders of 6 months that rendered Nigerians unproductive for 60 years?
I swear you intelligent.....

10 Likes 2 Shares

Re: Oil Price Sinks To Lowest Level In 16 Years by Yankee101: 6:19am On Mar 19
[quote author=senatordave1 post=87566489]
I think the person in short supply of cerebellum is you.fake Yankee.a disease that china,USA and even Egypt and southy couldn't stop in its tracks,how do you expect Nigeria to stop it? Do you reason at all? Are you OK? You wouldn't agree ofcourse but sane minds will align [/quote

All countries with zero to minimal cases took action on time, nay, before time.

I know you're having a masturbation with protecting Buhari. But has he made a single broadcast?

When your senate has to ask you to address your nation in times of crisis, you deserve castrating

1 Like

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