SLAP44:


How can we vote right when we are looking for the most uneducated, unambitious, bigoted and vindictive dinosaur that will come to punish a particular people , even if it will drag the country 50 years backwards.

SLAP44:


Yes, only that by that time, it will be the Nigeria made up of North and west that might collapse again. Biafra would have left before then.

Peterobi90:
The analysts are predicting from what they can see, but life can take a turn in a blink..

But few things are sure, the world including you and I have learnt new habits in the cause of the pandemic and lockdown.. crude oil would be in less use even when things are assumed back to normal..

TheAfricaQueen:
For 64 years Nigeria sold oil, there were many years of the oil boom, when a barrel was sold for at least 100 dollars a barrel and at most 160 dollars a barrel.

Why did Nigerian Non-leaders not save for a rainy day? Why did they not invest in a Sovereign Trust Fund that would accrue interest for Nigerians? They used the glory years of the oil boom to loot Nigeria into the dark ages and under-developed every sector in Nigeria.

Now that the sh!t is hitting the fan, it is the middle class, working class and people bellow the working class that will suffer. The Non-leaders have stockpiled monies enough for their generations yet unborn.

Vote wisely next time Nigerians, use your votes wisely, do not sell your votes for a bag of rice/5000 naira/free buffet food and drink on election day.

wirinet:


Very wrong. This is the world Bank and IMF stupid policy promoted by their lackeys like Okonjo-Iweala. A good business philosophy is not save save and save, it's invest invest and invest. IMF and world Bank never advice the industrialised world to save. It promotes investments in those places. U.A.E and Qatar did not lay much emphasis on saving, they invested their oil revenue massively around the world and in their own countries. Today, UAE does not even bother about oil.

If you save for a rainy day, what happens if the rains doesn't stop? What happens if it rains for years? You would exhaust your savings very quickly and still go abegging. What happens if the oil you rely on dries up, how long will your savings last you.

Besides, inflation always eventually catches up with savings but never with investments. The value of your savings diminishes year in year out.

Instead of Africa to be investing in infrastructure, agriculture, industries, health and education, we are talking savings.

SLAP44:


Yes, only that by that time, it will be the Nigeria made up of North and west that might collapse again. Biafra would have left before then.

TheAfricaQueen:


Knowing how basic, rudimentary and barely literate our Non-leaders are, my reference to savings was the barest minimum they could have done with the oil wealth they accumulated in 64 years and they couldn't even achieve that.

wirinet:

Saving is not ideal for a country with so much infrastructural deficit among all other deficits. If they feel they are too incompetent to build infrastructures such as roads, power, railways, schools, hospitals, etc. They should have invested Nigeria's money in businesses abroad, which will earn Nigeria huge revenue for a very long time. UAE invested in numerous US ports and they rake in billions yearly. It is foolish to borrow money to build rails, roads and power at high interest rate and at the same time save for a rainy day

At the beginning of this democratic dispensation, governors like Tinubu, Ibori and Odili invested a few millions in Econet. A few years later the investment multiply many fold, but due to greed, the Governors sold the shares and pocketed the money. Imagine if the Governors had not sold the shares how much extra money would have been available to their states today. They would not cry if they did not receive oil allocations from Abuja.