You can try to trade with it. Recharge card biz comes to mind. ..there may be others

Buhari is not the messiah we are waiting for, when we find dat person we'd let you know. Ribadu was a better candidate, i only wish Nigerians gave him a chance.

what's the rationale for burning tires? thought the idea was to use placards?

i just pray this protest will still remain peaceful, hope we are not creating room for area boys to begin looting?

This may seem like drifting off the topic of FX rate but i felt i needed to clarify the pros and cons to guide our reasoning:

Who benefits from the existence of the fuel subsidy:
1.  the masses (as price of fuel is reasonable and made affordable)
2.  untrustworthy and corrupt fuel dealers (as they can smuggle products across the borders and make huge returns)
3.  corrupt government officials (who falsify the subsidy values and reap the country off)
4.  corrupt law enforcement officers who allow 2 and 3 above to occur, as they get rewarded for their support.

The reality on ground is that other industries and even the Telecoms sector are driven by diesel. Diesel has been deregulated a long time ago, in my thinking, the sectors that are presently being affected by the recent fuel price (PMS) increase are as follows

1. transportation - direct impact (ridiculous increase)
2. price of food stuff - indirect impact but very critical ( we expect to see price increases soon)
3. small-size generator users - homes, barbing & beauty salons, etc  (personally i prefer the positive effect of less noise pollution from those  i better pass my neigbour gens)
4. fuel smugglers - directly ( no more cash for them - less attractive to smuggle now)
5. fuel subsidy returns falsifiers - directly (subsidy returns not permitted anymore).
6. corrupt govt officials - no more kick backs
6. FX rate  - would be an indirect impact, and subjective depending on actual fuel demand and supply.


Who suffers when subsidy is removed:
1. the masses - they dont have a choice and wages are low.
2. fuel smugglers - no more business
3. fuel subsidy falsifiers - no more returns
4. corrupt govt officials


I know one school of thought is that the corrupt elite would still embezzle the proceeds from subsidy removal as they have always done, but that again is a game of chance, we know everyone prefers the path of least resistance, retaining the fuel subsidy is also in their best interest let's not forget that.

my recommendation to the government (if they will listen):
1. fight corruption as this impacts the success of the whole scheme
2. subsidize the public transport sector only ( so that people wont pay through their nose to get to work)
3. increase minimum wage
4. stimulate small and medium scale companies to boost jobs, once people's earning powers increase then they will be more receptive to price increases and can cope better with the attendant inflation.

my recommendation to the protesting masses (i sympathize with you):
1. find out the genuine motive of the organizers before participating, some of the sponsors out there are: corrupt govt officials and fuel smugglers who also want the subsidy to be retained. mind you they have reasonable looted resources to spare for things like this.
2. once you locate a genuine course - protest peacefully until the govt hears our concerns.

guys, on a lighter note: road transport is gradually becoming more expensive than flying, i foresee flights being over-booked this period

without actually reviewing the numbers, it is difficult to say for sure if the subsidy removal will have a positive or detrimental effect on the FX rate, however, lagbaja brings up a good point. The presence of the fuel subsidy in itself breeds corruption within the country's elite, it is this corruption that needs to be addressed and tackled squarely.

food for thought: although actual volumes of petrol smuggled across the nigerian borders may be small compared to the overall local consumption figures, i can assure you that the numbers presented to the government for subsidy returns are bogus, inflated and falsified beyond our imaginations, the government is now required to make these payments obviously in USD for figures beyond what we actually consume, the recent debates have revealed that the figures presented for subsidy payments are not credible.

my take on this: as government has removed fuel subsidy, then government in turn should subsidize and peg public transport rates as a palliative to fuel subsidy removal as this is the main sector that is affected directly by the fuel price increase, another recommendation would be to increase minimum wage.

personally i don't support the egbesu retaliation on small children, haba, these people are just kids.

planning to open a "strip club at lagos"
so many Nigeria's husband complained too much of their wife in 2011, i think they need some relaxation


man no be tree



******now this comment is cracking me up, wetin we no go hear sef*****

What has GEJ done since he came into power 11months ago?

see my response:

During the tenure of President Goodluck Jonathan, the amnesty with the Niger Delta has been successful, as evidenced by the reduced occurence of violence in the region.

Mind you, Nigeria depends greatly on oil revenue, and the 7 point agenda as clamoured by Nigerians cannot be achieved in a land marred with chaos.

hey bro, if u ask me, i will say stick to ur drinks distributorship idea, it is a safe landing, i have similar funds and that's where i am resting my funds for a start, i think the risk profile is less compared with others mentioned above,

u just have to put in some control measures, for me i intend to go work as an intern with one major distributor for a few weeks to understudy the business before i start, if u have got time, i would recommend u do the same,

best wishes.

still expecting ur posts

Does anyone know how much a 46 inches samsung LED TV would go for in nigeria?
What abt the cost of a typical samsung bluray player?
I would greatly appreciate feedback from the house.
cheers

1. It pays to review the school website thoroughly and read the course modules before making a choice on what to study in the UK.
2. I would strongly recommend speaking to people who have studied in the UK before for advice on the employment situation.
3. Draw up your career plan and speak to people in the industry (what ever industry) you are interested in to find out the key skills that are required and study for degrees that are along those paths. Everyone will have to make their own choices.

I am presently studying Subsea Engineering at the University of Aberdeen and i am enjoying myself because i am getting my money's worth. Some other people may feel differently about the school for their own personal reasons. My point here is to make rational decisions that are based on facts and free from all manner of subjectivity. It is your hard earned currency that you will be spending.

Never forget the golden rule, if it is too good to be true, then there's somethg wrong with it, this is a simple scam pulled by an inexperienced person, may God help us overcome the more technical ones,

na wa 4 d guy sef, we no dey china oh, why u wan collect 10k for chinese chart?
u be God when go decide wetin person go born,

guy, better focus on ur masters and leave dem sugar mommy alone, u cant eat ur cake and have it oh!!!! hmnnn

personally, the starcomms izap is ok,
i do believe they need to work on improving the speed anyway,

don't be too anxious, 15 working days is not too long to wait for, best of luck!!

societal values have changed greatly. people are no longer genuine. money should not hold greater value over good morals and until this is corrected, a great majority of the "nowadays ladies" will still tend towards the trend of "desperation".

Why worry so much about what a woman wants,
if she wan leave you, she go still leave you regardless,
if she doesn't feel that special somethg for you, just forget it, there's no head way.
worry more about being the kind of man you love to be and pray to find the woman that loves you for who you are,
for all i care, any woman that doesn't love me for who i am, can go and jump into the River Niger.

why not give Chevron HR a call to find out the status, try calling 01-3666373

Does anyone have an idea on when the PTDF forms would be available?

Wisdom is knowing when to speak ur mind, and when to mind your speech.