You get to compare the oil prices between Nigeria and Saudi Arabia but forgo the comparism of other things in Nigeria to Saudi Arabia.
Funny.
I am still the matterress doctor.

Buhari have finished us

Just as the government was also stupid in contesting the UK visa ban by comparing Nigeria's worst level of development to that of Britain.This is what happens when you truly have an incredibly stupid, grossly irresponsible and incompetent fella as the president of a nation.

"Our leaders are not patriotic at all.”
Truer words has not been said

Buhari self.

But they agreed to suspend the strike.
They ain't see anything yet.

This should be a wake-up call for labour.
- They should demand the minimum wage obtainable in Saudi Arabia.
- They should demand for the work conditions obtainable in other top Oil producing countries.


But what do I know?
Labour that has been betraying it's members since the start of this regime

Buhari the vegetable,
The invisible president,
Ozoemena 1 of Nigeria,
Echeta ebewe na Africa,
Anya mmiri umu Nigeria.

Labour unions in Nigeria should just shut up...
if they have brains at all, this is the time to demand the Saudi Arabia kind of salary for their members

Boo-boo no reason at all b4 him yarn dt oputa nansense

Who wrote that speech for this clueless man?

That person doesn't like him one bit

You guys should please shut up.....you are all bunch of thieves!

Foolhari is a dictator and all he wants to do is to turn Nigeria into a Muslim state.. which I believe that will never happen by the Grace of God..

Buhari is supposed to be laid down and given 50 strokes of the cane every morning for being a key player in Dundee United Fc

Those statements, summarizes the zoo called Nigeria. Imagine Nigerian president spilling shit .I don’t know if this guy thinks at all. Those stupid spokesmen have one of the most difficult job in the world.

Crazy people.

Iliteracy is a decease

Okay

Ludicrous charade

The person wrote that speech for bubu did a very poor job and should be sacked.comparing naija and Saudi is insensitive

This toothless body still get mouth, you guys are jokers.

The person that wrote that speech for bubu did a very poor job and should be sacked.comparing naija and Saudi is insensitive

When it favours them, they dont hesitate to compare. But tell them tomorrow that minimum wage in Saudi Arabia is 3,000 Riyals (the equivalent of 304,980naira) or that their citizens enjoy free health care and free education at all levels and they will remind you that Nigeria is not Saudi Arabia. This Buhari and those who advise him are a bunch of dumbos.

Chicastle:
Iliteracy is a decease

Disease*

Or u mean illiteracy don die?

Did Buhari compare Nigeria to Dubai, Saudi Arabia etc?..mhen, the guy's problem is getting worse by the day. Clearly he living under an illusion.
This is the major reason I don't bother tuning in to Presidential broadcasts anymore. It so full of complete nonsense.

Somebody should take or dear President on a visit to those countries peradventure he might notice the clear difference and stop dreaming.

Word!

Una day wasteuna time day talk to person way them say e deaf. How una say make e take hear una?

The incompetence of this current administration is second to none....I don't think any government in the world have been this stupid.

O God
please bless my country and give its leaders sense. this i ask through Christ the Lord, AMEN

Nigeria is a Lunatic Asylum
You have Lunatics Ruling Lunatics

Well, here iis what the BuBU was really tryiing to sy

1.Saudi Arabia produces 11 million barrels of crude per day, Nigeria produces less than 2 mmillion a day
2.Saudi Arabia has 34 million people, Nigeria has 200million peple
3.As a result...this is important...Saudi Arabia earns far more money from oil than does Nigeria, and as such has fewer people to spend it on.
4.Thus the amount oof money Saudi Arabia has to spend on subsidising fuell is far more than what Nigeria has
5.Also, it costs far less to produce oll in Saudi than it des in nIGERIA.Saudi oil is mostly in the desert, Nigerian oil is in highly populated mangrove, and 60% is offshore...which increases costs for a variety oof reasons
6.Subsequently, the price that we need crude oil at to have enough money for our needs? It is $139 per barrel. Saudi needs oil at $80 per barrel
7.We don't have the money with oil below $75 per barrel since 2014 tosubsidse fuel...and as a result NIGERIA has been taking loans to help pay for susidising fuel. Our refinereis are in a baad state because price controls prevent the from being profitable enough to run effectively
8.So, as much as i hate to sy this, and as much as i don't like apc OR PDP, Buhari is right. We cllaim he should not be comparing us to Saudi, yet we want to buy oil at prices cheaper at Saudi without the income the Saudis have availablle to subsidise fuell
9.And the TUC and even Buhari are partly to blame. 9 years ago, they joined hands to stop GEJ from partaly remving subsides , and since then we have wasted 5 -6 trillion naira on subsidy paayments. AND BORROWED to help pay for more suubsides.
10.At least Bhari has kinda seen the light(He has to scrap PPRA, and allow marketers control the price bfore i start taking him serious).TUC seems to think that we can somehow import fuel above 200 naira per liter and sell it at N40 per liter wiithoout it having an end efect on our economy, or without peoople smuggling fuell to Chad to sell at 346 per liter, or Niger to sell at the same price...and make a profit.
11. OIL SUBSIDY MUST GO. Since 1993, when Baroness Chalker came to speak the truth, and we called her an imf agent.

Modified

Thanks for all the comments.

Istill stad by what i wrote.

The truth is, if we removed subsides and allowed NNPC to be privatised, we would end up selling fuel at 300 and above.

But because NNPC is now private, aand not in government hands, that means that NNPC wuld be incentivsed to repair and fix the refinereis, because if they don't they won't earn money. So, refinereis, work, and we end up with reduced importation of fuel

ALSO, more private refienres would be built to take aadvantage of higher prices.

This leads to increased production, and eventually prices fall.

The savngs realised from subsidy removal can them be channeled into education, health, etc. Did i mention that we would stop taking too much loans as a result...now thaat government has more money

Plus inreased production of gas due to more refinereis means reduced prices for gas, and as a result, reduced prices for power....and more profits in the power sector, and moere jobs

Plus morepower means more indstries, and more job creation

Ten to twenty years from now, Nigeria would be prosperous and successful, easch and every region would stand on its own, then we can safely talk restructuring without worrying about war.