Sanusi talking sense but corruption is the major factor hindering nigeria's growth

Hate him or love him, Sanusi Lamido Sanusi is saying the right things right now. I don't agree with him entirely though #fuelsubsidy

"Will it cause inflation?  Yes.  But not by much (I disagree).  But the benefits of deregulation exceed that."

His conclusion is correct but some of his figures are subtly messed up.

The analogy is like that of a farmer that plants yam sells it in the market, gets hungry buys roasted yam at higher price and tells the children that they have to buy the yam at some price but he has paid some amount to reduce the effects of the price on them. Where is the subsidy ?

Sanusi's point are ideal

olawalebab:

Hate him or love him, Sanusi Lamido Sanusi is saying the right things right now. I don't agree with him entirely though #fuelsubsidy

SLS is right and we anti-subsidies HAVE ALWAYS CLAMOUR FOR THE REMOVAL OF SUBSIDY

But build the refinaries first before the removal

Murray-Bruce is playing a Fela song to describe Nigeria.

Baba Fela oooooooo

Damn my Ngozi got big head as she dey shake it!

While he speaks well (SLS i.e) I am just wondering how you can put the Horse before the Cart and expect progress - Subsidize Local production if you wish to remove Subsidies on imported products.   Nigeria has not met her OPEC Quota on local output in the past 15 years   Why are you side-stepping that obvious gap - What is the real problem with local production? damn it!!  

heynew:

are these crowd rented, why clapping for supporting team and opposition team with the same energy

!!!!!!!!!

He wants the government to subsidize transporters to keep transport fares low. I feel him but hate subsidies

This Ben is making sense!!!

Ben bruce, is on point so far

Trust Ben Bruce the entertainer

Ben bruce quote

100 billion is what Nigerians use for transport

double the price of fuel would cost Nigeria 200 billion Naira

No nigerian have that money

Thanks ben bruce

Yeparipa NEPA ooo! Why now. Wetin I go do now.

Ben Bruce; 'u must subsidies the transport services'. Erm, Ngozi already included dat in the alternative to fuel subsidy. Hot head.

He wants the government to subsidize fuel-efficient transport which can actually reduce transport costs.  He is in fact wrong, because you have to consider the cost of the vehicles in your ROI calculation. His ideas are pretty smart but simply wrong due to subtle errors.

I would start campaigning for ben bruce

The dude is too good

BIGER BOY:

Yeparipa NEPA ooo! Why now. Wetin I go do now.

That's d result of government trying to provide things that private enterprise should. oya go and buy your subsidized petrol to fuel gen LOL

Ben bruce, you are right and you have good ideas

but as u rightly said, the government would not do their job

alj_harem:

Ben bruce quote

100 billion is what Nigerians use for transport

double the price of fuel would cost Nigeria 200 billion Naira

No nigerian have that money

Thanks ben bruce

Assumptions of Ben bruce:

1. That the price of transport will double when you double frice of fuel. Many parts of Nigeria, like the SE, buy fuel at over N100 already. So that wont make much difference
2.  That the price of fuel will double when you remove fuell subsidy. Well half truth that is. The price will increase but the coming in of private refineries will create competition and drive prices down

Rubbish - Energy efficient vehicles are only efficient when the roads are not clogged up or riddled with pot holes.

Time time time!!!  

Good one Ben Bruce!

the labor dude was so slow n dull.mr olisa rily tried.such a shame dat the opposition culdnt bring sumbody articulated to dis forum.the govt crooks seem to be flawin dem bad.i wonder if ngozi,madison n oshiomole were earnin 200k a month,dey will be runnin dia mouth like dis.such a shame.useless govt.repentance no dey dia plans attall.