LeoMax:

It defies all intelligence how people want Feds to pay subsidy and keep price permanently on 65 naira despite changing prices at the World market. Even if a barrel of oil costs less than 50 dollars and price of PMS goes to $300 government must pay subsidy. Its obviously absurd !

Friend, what is absurd is to miss the elementary fact that the Nigerian product ought to be a local one and not subject to the vagaries of the international market - because the crude is locally produced and all that has ever been required is local refining capacity. It was same capacity that fell short that necessitated the introduction of PMS importation - which was supposed to be a stop gap measure. What is absurd is that that stop gap measure has now become the permanent measure - and the public now must pay for the governments willful determination not to fix the refineries.

That is just point no. 1.

There are zillions of more points.

bigdoo:

The type of protest that will have the most desirable impact on the government would be the one directed around Aso Rock by protesters making sure that Jonathan is unable to come out or enter his residence and office.  Also protesters should block any road or entrance to the senate buildings, making sure that senators are unable to sit and have their normal sessions.  By so doing, they will hold the politicians hostage and hijack the nation.  If protesters can achieve these, then Jonathan and his senators and ministers would be left with no alternative than to listen to the masses.  As long as the president and his fellow politicians have the freedom to carry on with their usual work, then it is life as usual.  They would not be moved even if the whole of Lagos, Benin, Ilorin or Enugu is burning.  They only care about themselves.

Out of the mind the mouth speaketh.No wex o0o0o0

PrinceDudu:


wouldn't it have been better if GEJ  reduced cost of running his government & we also check the take home pay of our so called leaders in every spare. i mean, since his plans is all about having more funds for infrastructural development. a little here, a little there would not hurt anybody u knoowww.

Subsidy removal is overdue. During the Town Hall meeting @ Lagos, NOI mentioned that Feds is working on merging ministries and parastatals to reduce cost of running government. Let me add that the Private sector players were awarded licences to build refineries, but these private investors can not do anything as far as government keeps price of PMS at 65 naira. No one wants to spend billions and not make profit due to government subsidy and keeping the prices fixed at 65 naira. Even our 3 refineries at installed capacity can not produce enough. So best thing is to remove subsidy and allow market forces determine the prices, then private investors can build refineries and put their prices, as many refineries as possible comes on board, competition will drive the price down. QED

alj_harem:

People check you twitter account and call your friends and family in Edo state. Those are benin pictures

Double confirmation!I was there live n direct.all the pics re from Benin,except one.

LeoMax:

It defies all intelligence how people want Feds to pay subsidy and keep price permanently on 65 naira despite changing prices at the World market. Even if a barrel of oil costs less than 50 dollars and price of PMS goes to $300 government must pay subsidy. Its obviously absurd !

Does it not defy your simple intelligence that a nation could save a lot by building refineries and refining her fuel in her homeland than ex[port it, refine it and re import it again subjecting it all factors affecting prices in international market?
does it not defile your simple intelligence that a refinery could be set up in 4 months if this government mean well for its citizens whilst employing massively and training unemployed youths as well?
does it not defile your simple intelligence that that economies around the world are crumbling at a faster pace, and your country, the largest exporter of fuel in Africa cannot cash in on this situation to dictate economic development in the near future?
do some deep thinking maybe you will find a solution stuck somewhere between your ears.

Fesisko:

[size=21pt]Double confirmation!I was there live n direct.all the pics re from Benin,[/size]except the one.

Fesisko:

[size=21pt]no bi small tin o!from ringroad axis,down to Akpakpava,infact the entire city is full of fierce angry looking protesters.some of them re carrying coffin.some thugs have taken advantage of the situation to extort money from innocent motorists.one of them just removed the side mirror of one driver because the driver refused to give him money.too bad.[/size]

[size=22pt]THANK YOU!!![/size]

chromoTop:

Does it not defy your simple intelligence that a nation could save a lot by building refineries and refining her fuel in her homeland than ex[port it, refine it and re import it again subjecting it all factors affecting prices in international market?
does it not defile your simple intelligence that a refinery could be set up in 4 months if this government mean well for its citizens whilst employing massively and training unemployed youths as well?
does it not defile your simple intelligence that that economies around the world are crumbling at a faster pace, and your country, the largest exporter of fuel in Africa cannot cash in on this situation to dictate economic development in the near future?
do some deep thinking maybe you will find a solution stuck somewhere between your ears.

thank you, I tell you we have mo.rons in this nation blinded by tribalism

nh waoooooooooooooooooooooooooooooooooooooooooo

chromoTop:

Does it not defy your simple intelligence that a nation could save a lot by building refineries and refining her fuel in her homeland than ex[port it, refine it and re import it again subjecting it all factors affecting prices in international market?
does it not defile your simple intelligence that a refinery could be set up in 4 months if this government mean well for its citizens whilst employing massively and training unemployed youths as well?
does it not defile your simple intelligence that that economies around the world are crumbling at a faster pace, and your country, the largest exporter of fuel in Africa cannot cash in on this situation to dictate economic development in the near future?
do some deep thinking maybe you will find a solution stuck somewhere between your ears.

The very technicians that constructed the refineries are on ground at the refineries as we speak and they mentioned that the best these redundant refineries can produce is abt 80-90% of the installed capacity. It can not sustain the Nigerian consumption capacity in 2012. We need more refineries no doubts but not government refineries as government has no business in business. Check my earlier post and deduce why private players stop building refineries. If we can be patient, the very marketers that have received billions on subsidy and sponsor riots and demonstrations will build refineries to stay in business and the prices will collapse

LeoMax:

The very technicians that constructed the refineries are on ground at the refineries as we speak and they mentioned that the best these redundant refineries can produce is abt 80-90% of the installed capacity. It can not sustain the Nigerian consumption capacity in 2012. We need more refineries no doubts but not government refineries as government has no business in business. Check my earlier post and deduce why private players stop building refineries. If we can be patient, the very marketers that have received billions on subsidy and sponsor riots and demonstrations will build refineries to stay in business and the prices will collapse

alj_harem:

thank you, I tell you we have mo.rons in this nation blinded by tribalism

What defies Intelligence and knowledge of history is that you want the very Nigerian government who has bad history in the past to invest in refineries. This is a private sector business with government owning a stake in it maintain equilibrum and effect pricing so the citizens wont be shortchanged. As far as subsidy stays and price fixed at 65 naira. It will be foolhardy to put billions without any hope of Returns on Investment.

Who is saying there is no protest in Benin? The Benin protest is real and very serious. Ring road is blocked.

LeoMax:

Subsidy removal is overdue.

No, not all - it becomes due only when the end to end production of PMS is localized.

During the Town Hall meeting @ Lagos, NOI mentioned that Feds is working on merging ministries and parastatals to reduce cost of running government.

Reduce the cost of government? Come on. Seriously? With such things as the billions padding the NASS and 1 billion worth of presidential food. Seriously now.

Let me add that the Private sector players were awarded licences to build refineries, but these private investors can not do anything as far as government keeps price of PMS at 65 naira.

No: such investors cannot do anything so long as we are flooded with subsidized IMPORTED fuel - with its attendant fraud and round-tripping. In the event that such local refineries were operating in the absence of the regime of importations, business would be smaking. The cost would also be much less: it is basic to state that such local refineries could have a concessioned local price for crude - under a thousand different possible structured arrangements.

Aside from this, it is wrong for you to state that the refineries at full installed capacity - could not suffice for local consumption. This is an absolute falsehood. The capacity problem is the fact that these refineries have been systematically sabotaged over the years and do not turn out beyond an aggregate of 30 per cent of capacity.

Many countries in the world subsidize one thing or the other. Agriculture has been subsidized heavily in the United States.

Even our 3 refineries at installed capacity can not produce enough.

FALSE. And there should be four, and not three.

The worst is yet to come.

LeoMax:

Subsidy removal is overdue. During the Town Hall meeting @ Lagos, NOI mentioned that Feds is working on merging ministries and parastatals to reduce cost of running government. Let me add that the Private sector players were awarded licences to build refineries, but these private investors can not do anything as far as government keeps price of PMS at 65 naira. No one wants to spend billions and not make profit due to government subsidy and keeping the prices fixed at 65 naira. Even our 3 refineries at installed capacity can not produce enough. So best thing is to remove subsidy and allow market forces determine the prices, then private investors can build refineries and put their prices, as many refineries as possible comes on board, competition will drive the price down. QED

competition will drive the price down- like it did in the telecommunications sector for a long time? investors do not back down on prices until cost of start-off and running the product is achieved. and for your Nigerian greedy investors, i will dream till they do that.

NOI mentioned that Feds is working on merging ministries and parastatals to reduce cost of running government when did the FG boldly state that?  . is there no sense in first reducing the parastatals and watch massive unemployment result in a[b] bot-belly protest[/b] from over-fed bo.foons.

No one wants to spend billions and not make profit due to government subsidy and keeping the prices fixed at 65 naira. are u sure about this? do you know how much litres of gasoline Nigerians use a day?
these lame excuses make me wonder if we are from this planet sometimes.

@harem et al,una no knw say beaf na oloshi na sexkills go fit describe am for english,
@beaf,wake up from ur slumber,the protest is already happening.hope ure still laughing.IMBE!!!

g

SHABZ:

@harem et al,una no knw say beaf na oloshi na sexkills go fit describe am for english, 
@beaf,wake up from your slumber,the protest is already happening.hope ure still laughing.IMBE!!!

elampiro:

Who is saying there is no protest in Benin? The Benin protest is real and very serious. Ring road is blocked.

benin and South-south ppl come out and air your views

Beaf along side his goons are tribalist, don't let him cage us with his myopic views.

LeoMax:

What defies Intelligence and knowledge of history is that you want the very Nigerian government who has bad history in the past to invest in refineries. This is a private sector business with government owning a stake in it maintain equilibrum and effect pricing so the citizens wont be shortchanged. As far as subsidy stays and price fixed at 65 naira. It will be foolhardy to put billions without any hope of Returns on Investment.

In the natural course of things, if the refineries were properly maintained, this problem would never have arisen. Side by side the publicly owned refineries, there could be liscences given out. If the public ones fail, the private then dominate - just as happened in telecomms with Nitel and Mtel now redundant - but the industry still booming.

The sequence of events was simply as follows -

1. Failure of Refineries

2. Scarce PMS

3. Government resorts to subsidized importation as a stop gap measure

4. Refineries are abandoned

5. Fraud, round-tripping, smuggling, over-inflation, etc flood the PMS importation regime

6. -------> Including the fraud of the N1 Trillion magic (increase in subsidy cost from N300 billion to 1.3 trillion in 1 year)

7. Government removes the subsidy and leaves the cost of the imported fraud on the common man - without attending to the question of refineries.

Deep Sight:

No, not all - it becomes due only when the end to end production of PMS is localized.

Reduce the cost of government? Come on. Seriously? With such things as the billions padding the NASS and 1 billion worth of presidential food. Seriously now.

No: such investors cannot do anything so long as we are flooded with subsidized IMPORTED fuel - with its attendant fraud and round-tripping. In the event that such local refineries were operating in the absence of the regime of importations, business would be smaking. The cost would also be much less: it is basic to state that such local refineries could have a concessioned local price for crude - under a thousand different possible structured arrangements.

Aside from this, it is wrong for you to state that the refineries at full installed capacity - could not suffice for local consumption. This is an absolute falsehood. The capacity problem is the fact that these refineries have been systematically sabotaged over the years and do not turn out beyond an aggregate of 30 per cent of capacity.

Many countries in the world subsidize one thing or the other. Agriculture has been subsidized heavily in the United States.

FALSE. And there should be four, and not three.

The Economy will collapse in the next 2 yrs if Subsidy stays.
Granted, NASS financial burden is great. Jonathan has no constitutional backing to slash pay. Its impeachable offense.

At leas we both agree that private players cant build refineries as long as prices stays permanently at 65 naira.

We differ on issue concerning revamping the old refineries. I will say, Government needs to use the funds saved from subsidy removal to upgrade our old refineries while the private players start building new ones based on subsidy removal. Its a way to kick-start.  We cant wait to revamp the old ones to build new ones as we do not know if the Administration after GEJ will stay on the policy. What has to be done must be done now

LeoMax:

What defies Intelligence and knowledge of history is that you want the very Nigerian government who has bad history in the past to invest in refineries. This is a private sector business with government owning a stake in it maintain equilibrum and effect pricing so the citizens wont be shortchanged. As far as subsidy stays and price fixed at 65 naira. It will be foolhardy to put billions without any hope of Returns on Investment.

I am sorry but I don't think you understand anything about the subsidy, government and the protest because if you do you would know that you are not smarter than 130 million Nigerians. Dude Nigerians are not stu.pid enough to think they want Subsidy to stay

WE DON'T WANT SUBSIDY AS WELL AS THE GOVERNMENT.

Now why we are protesting is because there are no refineries no infrastructures etc

thus

1. NNPC would still be paying subsidy

2. The private companies can now regulate their prices to gain profits

3 Our economy has be exposed to global market and how prices fluctuate

4. The government can not account for 400 billion naira of subsidy after calculation

5. We don't know where the money recovered from the fake subsidy would go to

These are the reasons, Now I am feedup explaining to you goons over and over again. Sicne you have decided not to learn please and please stop asking the same questions again until you are well informed. Thanks

@LeoMax

QED you said, when you and i know what has been happening over and over again in the last 15 to 20 years and even more. the  syndicates and the so called cartel find it convenient to import fuel because of the mega dollar profit they make out of importing this product, they make sure that the refineries don’t work, sabotaging or by ensuring that the maintenance is not done. what do you think would happen to those giving the license to operate?.

LeoMax:

It defies all intelligence how people want Feds to pay subsidy and keep price permanently on 65 naira despite changing prices at the World market. Even if a barrel of oil costs less than 50 dollars and price of PMS goes to $300 government must pay subsidy. Its obviously absurd !

You begin to have a muddled up train of thought by the time you start thinking without factor in all happenings in your environment.
A government that lacks proprieties, that both embezzle and misappropriate our common resources, that lies from both side of her mouth , that is weak and jelly mind to look at corruption in the face, that insanely allocate huge amount to rubbish project while millions are walking on empty stomach, that doesn't listen to her citizen , that has never delivered on her promises.
Is that the government you want millions of downtrodden Nigerians to take serious? Come, go and write it down , GEJ will still achieve nothing with money accrue from subsidy removal. It is not about lack or availability of funds but responsive leadership which GEJ doesn't represent.

Deep Sight:

Friend, what is absurd is to miss the elementary fact that the Nigerian product ought to be a local one and not subject to the vagaries of the international market - because the crude is locally produced and all that has ever been required is local refining capacity. It was same capacity that fell short that necessitated the introduction of PMS importation - which was supposed to be a stop gap measure. What is absurd is that that stop gap measure has now become the permanent measure - and the public now must pay for the governments willful determination not to fix the refineries.

That is just point no. 1.

There are zillions of more points.

Thank you my intelligent brother. I dont know if at all those arguing in favour of this blanket subsidy removal understand the rudiments of nation buildings to include the very important consideration that a nation focused on development and blessed with visionary leaders must "do things its way" to control completely the use of natural endowment, first and foremost , for local development !!!! What , largely, is responsible for Africa's underdevelopment (aside corruption) if not how our leaders are never bright or patriotic enough to discern external policies formulated to ensure our natural resources do not primarily benefit our quest for rapid development? What do some think many brilliant economists mean when they talk of "unfair trading" and "unfair economic/fiscal policies" towards African nation?

Even current history hitting the world very hard, i.e the credit crunch, is fluidly demonstrating the folly of wanton greed and the unchecked excesses of capitalism. We must adopt a template of development that suits our peculiar current circumstances , vis-a-vis stage of development balanced with usage of natural endowment, without anyone insisting we copy those far more developed than us !!!!

Would we ever have a say in whether Western nations, to aid a particular stage in their development, subsidize certain sectors or not? They do it automatically !!!!! I.e stick a finger up at the world and do what is best for them !!!!! This is what has provided, through history, many examples of protectionism !!!! We all saw how, with Europe drowning, Cameron still bravely used a veto to do what he believes is best for Britain recently !!!!

It is only us Africans who are never visionary enough to understand that genuinely using our natural endowment towards ourselves first and for what is best for us is the best way to develop. We are better off hankering for leaders who understand this concept than backing the action of those who clearly don't

Even if , as a major oil producer, we decide to supply refined derivatives of crude to our people free while selling to the world to earn income and foreign exchange, then that is our prerogative  as something we are allowed to do while , holistically, we attempt to get it right!!!!  


If Government is serious in Nigeria, then it should simply announce a state of emergency in certain sector within which all hands will be on deck to ensure we meet time-line targets. For example, this Government can announce that subsidy wil be removed in 2 years predicated on all hands being on deck to ensure refineries work, transport infrastructure is improved drastically through innovative fund-raising, thorough and sincere reform of the NNPC, PPRRA, genuine reform of customs to aid better border control, a robust fight against corruption particularly to ensure the oil sector serves the nation and not a few, etc, etc . If those conditions are then not met, then we don't remove subsidy !! Simple as that. We cannot argue for subsidy removal while Government is indolent, corrupt, irresponsible and unwilling to lead by example with the sort of sacrificial atitude we are seeing worldwide today !!!!

It should never be up to anyone to tell us , at a key stage in our development where we should be turning around decades of corrupt practices and the ruination stemming from adopting wrong policies , that Nigerians must pay a certain amount for fuel consonant with world prices. What an absurd consideration given that , as a third world nation, our oil endowment should represent one of the tools we must use for our development. If our leaders have not done the right thing then the argument should not be that we suffer for their incompetence, corrupt tendencies or indolence.


It is our fuel and we can use it creatively and in a socially responsible way to ensure the development of the majority in the most cohesive and logically heirachical manner !!!!

We should take examples from what major oil producing nations, many with better per capita income and infrastructural development than us, are doing !!! Why do we let ourselves be bamboozled to the extent we now wish to support the visitation of avoidable hyper-inflation , due to economic theories that will ordinarily work best for developed nations, on a nation where nothing works ?

LeoMax:

The Economy will collapse in the next 2 yrs if Subsidy stays.

This is a gross, sinister, greedy capitalist exxageration invented by Ayatollah Sanusi and Messiah Iweala.

Granted, NASS financial burden is great. Jonathan has no constitutional backing to slash pay. Its impeachable offense.

He has powers to withhold presidential assent to their ridiculous financial proposals.

Does he have the nerve to stop the patently ILLEGAL constituency allowances which the legislators continue to receive - and which make them the highest paid legistors in the world? If he is interested in saving money, tell me if he has the nerve to use presidential power to veto this obnoxious and outrightly unconstitutional regime? ? ? ?

We differ on issue concerning revamping the old refineries. I will say, Government needs to use the funds saved from subsidy removal to upgrade our old refineries while the private players start building new ones based on subsidy removal. Its a way to kick-start.  We cant wait to revamp the old ones to build new ones as we do not know if the Administration after GEJ will stay on the policy. What has to be done must be done now

Come on. Wake up! A refinery can be built in a shorter time and less expensively than you imagine!

[img]http://1.bp..com/--7ZqGY3snuY/TwVvsJY6_4I/AAAAAAAAOxo/nmV1bVl-eWY/s1600/fuelsubsidylindaikejiblog.png[/img]

I got this from Linda Ikeji's . The figures speak for themselves. Please pro-subsidy persons, shut up !

Uyi Iredia:

[img]http://1.bp..com/--7ZqGY3snuY/TwVvsJY6_4I/AAAAAAAAOxo/nmV1bVl-eWY/s1600/fuelsubsidylindaikejiblog.png[/img]

I got this from Linda Ikeji's . The figures speak for themselves. Please pro-subsidy persons, shut up !

Very well said Uyi

domo enowanren Uyi

this people can be the most annoying set of people alive because they have no facts or knowledge about what this been discoursed here but are just posting for posting sake

Even a 'pro-subsidy person' should admit that the manner in which the govt is handling the situation lacks tact.

BY SIMON EBEGBULEM

BENIN CITY-ECONOMIC activities were grounded in Benin City, Edo State capital Thursday, when market women, youths, Nigeria Labour Congress (NLC), Trade Union Congress (TUC), Civil society organizations under the umbrella of the Coalition to Save Nigeria, in their thousands, stormed the streets of the ancient city, protesting the Federal Government’s removal of fuel subsidy.

The peaceful protest which started at about 6:30am, commenced at Ring Road, the heart of the city, forcing banks and other business organizations to be under lock and key till 12pm. The protesters called for the immediate resignation of the Minister of Finance, Dr Ngozi Okonjo Iweala, accusing her of coming to implement the agenda of the International Monetary Fund (IMF) and the World Bank.

The protest was led by the Chairman of the State chapter of the Nigerian Medical Association (NMA), Dr Philip Ugbodaga, President of the Environmental Rights Action (ERA), Nimo Bassey, President of the Conference of NGOs in the state, Comrade Austin Osakwe, Executive Director of the African Network for Environment and Economic Justice (ANEEJ), Rev. David Ugolor, Sabina Osehobo, Igbotako Nowinta and Dr (Mrs) Victoria Amun.

The protesters carried a coffin and placards reading “Jonathan you are a disappointment, resign now”, “Edo people say no to fuel”, “Jonathan, we are disappointed with you”, “Resign if you are incapable”. A combined unit of mobile policemen and soldiers were following the protesters to ensure that the peaceful protest was not hijacked by hoodlums.

Dr Ugbodaga who addressed the crowd, lamented that Nigerians have suffered for too long and argued that rather than removing subsidy, the Federal Government should cut the cost of governance and fix the economy for the better.

In a letter addressed to President Goodluck Jonathan, which the Coalition handed over to Governor Adams Oshiomhole at Government House yesterday, it stated that “in the interest of peace, unity and progress in Nigeria, we recommend the immediate reverse of the price of fuel to N65.00k in the first instance and thereafter to N39.50k, which is the ideal price of a liter of petrol.

http://www.vanguardngr.com/2012/01/removal-of-fuel-subsidy-protesters-ground-benin-city/

Gbawe:

Thank you my intelligent brother. I dont know if at all those arguing in favour of this blanket subsidy removal understand the rudiments of nation buildings to include the very important consideration that a nation focused on development and blessed with visionary leaders must "do things its way" to control completely the use of natural endowment, first and foremost , for local development !!!! What , largely, is responsible for Africa's underdevelopment (aside corruption) if not how our leaders are never bright or patriotic enough to discern external policies formulated to ensure our natural resources do not primarily benefit our quest for rapid development? What do some think many brilliant economists mean when they talk of "unfair trading" and "unfair economic/fiscal policies" towards African nation?

Even current history hitting the world very hard, i.e the credit crunch, is fluidly demonstrating the folly of wanton greed and the unchecked excesses of capitalism. We must adopt a template of development that suits our peculiar current circumstances , vis-a-vis stage of development balanced with usage of natural endowment, without anyone insisting we copy those far more developed than us !!!!

Would we ever have a say in whether Western nations, to aid a particular stage in their development, subsidize certain sectors or not? They do it automatically !!!!! I.e stick a finger up at the world and do what is best for them !!!!! This is what has provided, through history, many examples of protectionism !!!! We all saw how, with Europe drowning, Cameron still bravely used a veto to do what he believes is best for Britain recently !!!!

It is only us Africans who are never visionary enough to understand that genuinely using our natural endowment towards ourselves first and for what is best for us is the best way to develop. We are better off hankering for leaders who understand this concept than backing the action of those who clearly don't

Even if , as a major oil producer, we decide to supply refined derivatives of crude to our people free while selling to the world to earn income and foreign exchange, then that is our prerogative as something we are allowed to do while , holistically, we attempt to get it right!!!!


If Government is serious in Nigeria, then it should simply announce a state of emergency in certain sector within which all hands will be on deck to ensure we meet time-line targets. For example, this Government can announce that subsidy wil be removed in 2 years predicated on all hands being on deck to ensure refineries work, transport infrastructure is improved drastically through innovative fund-raising, thorough and sincere reform of the NNPC, PPRRA, genuine reform of customs to aid better border control, a robust fight against corruption particularly to ensure the oil sector serves the nation and not a few, etc, etc . If those conditions are then not met, then we don't remove subsidy !! Simple as that. We cannot argue for subsidy removal while Government is indolent, corrupt, irresponsible and unwilling to lead by example with the sort of sacrificial atitude we are seeing worldwide today !!!!

It should never be up to anyone to tell us , at a key stage in our development where we should be turning around decades of corrupt practices and the ruination stemming from adopting wrong policies , that Nigerians must pay a certain amount for fuel consonant with world prices. What an absurd consideration given that , as a third world nation, our oil endowment should represent one of the tools we must use for our development. If our leaders have not done the right thing then the argument should not be that we suffer for their incompetence, corrupt tendencies or indolence.


It is our fuel and we can use it creatively and in a socially responsible way to ensure the development of the majority in the most cohesive and logically heirachical manner !!!!

We should take examples from what major oil producing nations, many with better per capita income and infrastructural development than us, are doing !!! Why do we let ourselves be bamboozled to the extent we now wish to support the visitation of avoidable hyper-inflation , due to economic theories that will ordinarily work best for developed nations, on a nation where nothing works ?

I am not posting here anymore! Every single word needed to be said has been perfectly captured in this excellent post! I have nothing more to add! Brilliantly articulated!

Uyi Iredia:

[img]http://1.bp..com/--7ZqGY3snuY/TwVvsJY6_4I/AAAAAAAAOxo/nmV1bVl-eWY/s1600/fuelsubsidylindaikejiblog.png[/img]

I got this from Linda Ikeji's . The figures speak for themselves. Please pro-subsidy persons, shut up !

Thank you my brother . This is why I said above:

It is only us Africans who are never visionary enough to understand that genuinely using our natural endowment towards ourselves first and for what is best for us is the best way to develop. We are better off hankering for leaders who understand this concept than backing the action of those who clearly don't

Even if , as a major oil producer, we decide to supply refined derivatives of crude to our people free while selling to the world to earn income and foreign exchange, then that is our prerogative  as something we are allowed to do while , holistically, we attempt to get it right!!!!

We should take examples from what major oil producing nations, many with better per capita income and infrastructural development than us, are doing !!!

Virtually all the nation on the list above have better per capita income and infrastructure than Nigeria. I doubt any of those Nation suffer our woeful power generation fate. Yet many keep prices below the N65/L we used to enjoy. If the Government is unable to develop the nation while ensuring  subsidy remains in place, for now and till when considerations such as electricity improves appreciably, then it is the current Government that should go and not subsidy. Simple.

House of Assembly full lockdown in benin-city.

Benin people are Awesome, God bless, Arewa, Benin, Oduduwa, middle belts, Ndigbo, Niger/delta and Nigeria as a whole. God would BLESS YOU ALL. ALL NIGERIANS FROM DIFFERENT RELIGION, DIFFERNT ETHNIC GROUP ETC GOD BLESS YOU ALL

[img]http://desmond.yfrog.com/Himg741/scaled.php?tn=0&server=741&filename=ewpxzv.jpg&xsize=640&ysize=640[/img]

[img]http://desmond.yfrog.com/Himg877/scaled.php?tn=0&server=877&filename=xq6cg.jpg&xsize=640&ysize=640[/img]