RuudVanNisteroy:


BMC zombies will state otherwise. All the government had to do was fix the four refineries and create a level playing ground to prevent the monopoly.

Their fantastical corruption will never see them refine even one barrel in any of the four refineries.

dawno2008:


Imagine buhari interpreting that graph

Simplyleo:
Hmmm

History555:
Take note of one of the incentives in ftz is 100% repatriation of profits. I.e. dangote will be repatriate billions of dollars

surgical:
may it never be ready if it is to impose more hardship on Nigerians
Dangote is a hardcore monopolist without care for the people

RuudVanNisteroy:


You can't hate the player, but the game. That is just the disastrous effect of having a private interest have a monopoly of a key natural resource.

bjtinz:


Case closed.

Thedeadman71:


It is not a matter of fixing the refineries when we had high oil prices, it is a matter of making it profitable to refine fuel in Nigeria.

The problem with subsidy is the thing called price controls. Once there is price control in the economy, the end result is that people will engage in sharp practice to loot and loot.

Under GEJ, many of the people in the oil business were engaging in sharp practices like lying on the amount of fuel imported, and so on. They were also smuggling fuel to other African countries where there was no subsidy, and where fuel cost higher than in Nigeria...to collect higher amounts from subsidy money so that they could balance their books and make a profit. And government was sending bilioons, and running out of money doing so,and despite issuing licences for refineries, the truth is apart from Dangote...who bult his refinery using loans worth billions of dollars, no one wanted to refine fuel iin Nigeria, least of all NNPC.

Buhari came, paid them off, and made NNPC the sole importer, meaning NNPC NOW has had to spend billions of their naira making fuel available at a cheap price. Billions that could have been used to fix refineries really

We have been running subsidy for over 40 years. If we had not run subsidy, and allowed pure market capitalism to run, sure we would have been buying fuuel at sky high prices in the bad oold days, but by now, fuel would have been cheaper.

But the rich love ilicit subsidy money, the polticians love using NNPC as a slush fund, and the poor love cheap fuel prices. Well, interests met.

Lipscomb:
Seriously I can't be arguing with that stupid woman who has nothing her upstair.

surgical:
He is the game itself,he is architect of rogue and heartless monopoly in Nigeria
If those monopolies where the product of his brain or ingenuity like bill gate ,bezos or zuckerberg,he can be pardon but using our collective wealth to our disadvantage is unacceptable

RuudVanNisteroy:


BMC zombies will state otherwise. All the government had to do was fix the four refineries and create a level playing ground to prevent the monopoly.

Their fantastical corruption will never see them refine even one barrel in any of the four refineries.

favor914:
It is true, I wonder why pdp didn’t fix the refineries between 1999-2015? I just wonder?

favor914:
Someone that is more qualified than your mother is a stupid woman? If your mother had a university degree, you would have more respect for educated people.

favor914:
Lazy man, poverty of the mind has ruined your bleak future, ordinary motor cycle tyre you can’t afford? No be only our collective wealth. Ole, Thief.