₦airaland Forum

250k jobs in a country of 160m nigerians with an unemployment rate of upto 45% .. I reserve my comment.....

I only have 1.2 and not a naira more.. and i prefer the 2004 or 2005. heard the 2003 has alot of defects. Thanks

Urgently needed. Budget is no more than 1.2. Thanks

supereagle: Adeniji said, “We intend to employ 10,000 youths along our routes before the end of the year. I mean 10,000 youths to work as labourers.

“They will have identity cards. They don’t even need to open bank accounts as they could be paid in cash.

More Ghost Workers to Come.

Am totally not surprised .. My brother confessed he did his Neco examinations half asleep and half awake.. Just sleep off when the papers are being distributed and wake up a couple of minutes later to copy all the answers in the white board.. The external examiner is paid and fed to look away and the students are advised to fail some and change the statements in others so they dont end up looking alike. BRAND NEW NIGERIA INDEED

Nigerians are too problematic .. They complain over anything and everything. Why do we always feel there's a loaded gun pointed at our heads whenever we fail to understand the simple logic behind any government policy. I go to "Mydin" at least twice weekly on my way from school here in Malaysia and i buy Cassava bread anytime i do. It tastes good and i see other shoppers buying it. There is nothing wrong with Cassava bread.. Although, i'll continue to remain anti Jonathan until he wakes up from his committee ridden and clueless Government.

Its super easy.. Come to Alimosho LGA with your name and phone number written on a piece of paper. Pay the 3k5 fee and expect your drivers license within 3 business days. Valid and fast. No test whatsoever.

SEND ME AN EMAIL IF YOU DO HAVE THIS MOBILE.MINES@HOTMAIL.COM

I believe i have about 4-6 ideas that are practical but only if the government is genuinely dedicated to implementing them.. I strongly believe my ideas would cut poverty by up to 90% or maybe more and create millions of jobs in the process.. Reduce the the cost of living and make cash readily available to small and medium scale businesses.. Make public service salary and pension stable while eliminating ghost workers in the process.. I have no doubt that my idea would put millions of Nigerians into work within 18-24 months.. Reduce corruption in the local government level and increase development at the same level.. Boost public service performance and increase needed infrastructural development within the entire country. Am an idealist and i do believe i have something to offer the country.

Another Assembly Factory .. Manufacturing my a$$ ...

They caught me at ikotun in front of First Bank and dragged me into their station.. They then searched me and found a western union receipt with me.. Searched my phone and found an American number.. The name on the western union receipt was a Nigerian name as the sender and the number belonged to an uncle but they weren't deterred. They made me call the number thinking i was a yahoo boy and i saved a maga's number using a nigerian name but they heard my uncle talking.. He was calling my name and wanted to know why i was calling him that late and if i received the money he sent. That didnt stop them either.. They opened my phone and threw my battery into the gutter, brought out a paper and started dictating for me.. ""Say you are a criminal" .. When i refused to follow their instructions, i received the hottest slap of my life and they brought out an electric taser .. Omo, when i saw the device sparking, no be person tell me to start writing everything they instructed me to write.. I pleaded with them to let me go that the money was meant for my fathers hospital bill who just had a stroke. Forget oo, they deducted #20,000 naira from the 120 and asked me to go and bring my father. How could i possibly bring someone that was already bedridden .. Anyway, my old man died 2 weeks later and till today, i keep asking myself if i should have made a case with them. Where do i go and where to start from. Who will listen to me and if its goig to become a license for more harassment ..

Definitely will but only if they offer reasonable prices and lots of options. Good graphics and so on. ......

They now wait at bustops and petrol stations for their victims. They will pounce on you and tell you they got report that the car you're driving is a stolen car. You will have no choice than to follow them to the station only to be accused of something completely different. Happened to 2 friends and they got away with 23k for both cases ( 5k and 18k ).

A.shewo ..

Scrolling through this new Nairaland makes me feel dizzy .. Everything looks blue

OMG !!!!!

Roads, Roads and always roads. When will they ever talk about stimulating or creating real jobs for the massive unemployed in the country

Why should anyone pay tribute to a foolish policeman that was doing commando with a live bomb ?

Why we too like road and water projects ?, Hotel renovation, mass housing and roofing of primary and secondary schools ,

One major geopolitical factor that is generally ignored in recent discussion of Nigerian oil politics is the growing role of China in the country. In May 2010, only days after President Jonathan was sworn in, China signed an impressive $28.5 billion deal with his government to build three new refineries, something that in no way fits into the plans of either the IMF, or of Washington, or of the Anglo-American oil majors.

China State Construction Engineering Corporation Limited (CSCEC) signed the deal to build three oil refineries with Nigerian National Petroleum Corporation (NNPC), in the biggest deal China has made with Africa. Shehu Ladan, head of NNPC, said at the signing ceremony that the added refineries would reduce the $10 billion spent annually on imported refined products. As of January 2012, the three Chinese refinery projects were still in the planning stage, reportedly blocked by the powerful vested interests gaining from the existing corrupt import system.

A report in China Daily last November quoted Nigeria’s Olusegun Olutoyin Aganga, the minister of trade and investment, that Nigeria was seeking added Chinese investors for its energy, mining and agribusiness industries. Last September on a visit to Beijing, Nigeria central bank governor Lamido Sanusiannounced his country planned to invest 5 per cent to 10 per cent of its foreign exchange reserves in China's currency, the renminbi (RMB) or yuan, noting that he sees the yuan becoming reserve currency. In 2010 China's loans and exports to Nigeria exceeded $7 billion, while Nigeria exported $1 billion of crude oil, Sanusi stated.

Until now Nigeria has held some 79% of her foreign currency reserves in dollars, the rest in Euro or Sterling, all of which look dicey given their financial and debt problems. The move of a major oil producer away from dollars, added to similar moves recently by India, Japan, Russia, Iran and others, augurs bad news for the continued role of the dollar as dominant world reserve currency. Clearly some in Washington would not be happy with that.

The Chinese are also bidding to get a direct stake in Nigeria’s rich oil reserves, until now an Anglo-American domain. In July 2010, China's CNPC (China National Petroleum Corporation) won four prospective oil blocks – two in the Niger Delta and two in the frontier Chad Basin, with plans to become core investor in the Kaduna refinery, and construction of a double track Lagos-Kano railway. China’s oil company, CNOOC Ltd also has a major offshore production area in Nigeria.
The IMF and Washington pressure to lift subsidies on imported fuels is at this point in question, as is the future of China in Nigeria’s energy industry. Clear is that lifting subsidies in no way will benefit Nigerians. More alarming in this context is the orchestration of a major new wave of terror killings and bombings by the mysterious and suspiciously well-armed Boko Haram. This we will look at next in the context of Nigeria’s recent transformation into a major narcotics hub.


https://rt.com/news/oil-subsidy-nigeria-imf-955/

https://rt.com/news/oil-subsidy-nigeria-imf-955/


As Nigeria spirals into instability, historian and economic researcher Frederick William Engdahl argues a recent government decision to lift subsidies on imported fuel in the oil-rich nation bears the mark of Washington Consensus shock therapy.
In the article below, Engdahl explains his view.
Nigeria, Africa’s most populous nation and its largest oil producer, is from all evidence being systematically thrown into chaos and a state of civil war. The recent surprise decision by the government of Goodluck Jonathan to abruptly lift subsidies on imported gasoline and other fuel has a far more sinister background than mere corruption, and the Washington-based International Monetary Fund (IMF) is playing a key role. China appears to be the likely loser along with Nigeria’s population.

The recent strikes protesting the government’s abrupt elimination of gasoline and other fuel subsidies, that brought Nigeria briefly to a standstill, came as a surprise to most in the country. Months earlier, President Jonathan had promised the major trade union organizations that he would conduct a gradual four-stage lifting of the subsidy to ease the economic burden. Instead, without warning he announced an immediate full removal of subsidies effective January 1, 2012. It was “shock therapy” to put it mildly.

Nigeria today is one of the world’s most important producers of light, sweet crude oil—the same high-quality crude oil that Libya and the British North Sea produce. The country is showing every indication of spiraling downward into deep disorder. Nigeria is the fifth largest supplier of oil to the United States and twelfth largest oil producer in the world on a par with Kuwait and just behind Venezuela with production exceeding two million barrels a day.

The curious timing of IMF subsidy demand
Despite its oil riches, Nigeria remains one of Africa’s poorest countries. The known oilfields are concentrated around the vast Niger Delta roughly between Port Harcourt and extending in the direction of Lagos, with large new finds being developed all along the oil-rich Gulf of Guinea.Nigeria’s oil is exploited and largely exported by the Anglo-American giants—Shell, Mobil, Chevron, Texaco. Italy’s Agip also has a presence and most recently, to no one’s surprise, the Chinese state oil companies began seeking major exploration and oil infrastructure agreements with the Abuja government.

Ironically, despite the fact that Nigeria has abundant oil to earn dollar export revenue to build its domestic infrastructure, government policy has deliberately let its domestic oil refining capacity fall into ruin. The consequence has been that most of the gasoline and other refined petroleum products used to drive transportation and industry, has to be imported, despite the country’s abundant oil. In order to shield the population from the high import costs of gasoline and other refined fuels, the central government has subsidized prices.

Until January 1, 2012, that is. That was the day when, without advance warning President Goodluck Ebele Azikiwe Jonathan announced immediate removal of all fuel subsidies. Prices for gasoline shot up almost threefold in hours from 65 naira (35 cents of a dollar) a liter to 150 naira (93 cents). The impact rippled across the economy to everything including prices of grains and vegetables.

In justifying the move, Central Bank Governor Lamido Sanusi insisted that “The monies will be used in provision of social amenities and infrastructural development that will benefit Nigerians more and save the country from economic rift.”President Goodluck Jonathan says he is phasing out the subsidy as a part of a move to “clean up the Nigerian government.” If so, how he plans to proceed is anything but apparent.

The huge unexpected price hike for domestic fuel triggered nationwide protests that threatened to bring the economy to a halt by mid-January. The president deftly took the wind out of protester sails by announcing a partial rollback in prices, still leaving prices effectively double that of December. The trade union federation immediately called off the protests. Then, revealingly, Goodluck Jonathan’s government ordered the military to take to the streets to “keep order” and de facto prevent new protests. All that took place during one of the bloodiest waves of bombings and murder rampages by the terrorist Boko Haram sect creating a climate of extreme chaos.

The smoking gun of the IMF
What has been buried from international accounts of the unrest is the explicit role the US-dominated International Monetary Fund (IMF) played in the situation. With suspicious timing IMF Managing Director Christine Lagarde was in Nigeria days before the abrupt subsidy decision of President Jonathan. By all accounts, the IMF and the Nigerian government have been careful this time not to be blatant about openly announcing demands to ends subsidies as they were in Tunisia before food protests became the trigger for that country’s Twitter putsch in 2011.

During her visit to Nigeria Lagarde said President Jonathan's 'Transformation Agenda' for deregulation "is an agenda for Nigeria, driven by Nigerians. The IMF is here to support you and be a better partner for you." Few Nigerians were convinced.On December 29 Reuters wrote, "The IMF has urged countries across West and Central Africa to cut fuel subsidies, which they say are not effective in directly aiding the poor, but do promote corruption and smuggling. The past months have seen governments in Nigeria, Guinea, Cameroon and Chad moving to cut state subsidies on fuel."

Further confirming the role US and IMF pressure on the Nigerian government played, Jeffery Sachs, Special Adviser to the United Nations (UN) Secretary General, during a meeting with President Jonathan in Nigeria in early January days after the subsidy decision, declared Jonathan's decision to withdraw petroleum subsidy “a bold and correct policy.”

Sachs, a former Harvard economics professor, became notorious during the early 1990s for prescribing IMF “shock therapy” for Poland, Russia, Ukraine and other former communist states, which opened invaluable state assets for de facto plundering by dollar-rich western multinationals.

Even more suspicious is the manner in which Washington and the IMF are putting pressure on only select countries to end subsidies. Nigeria, whose oil today sells for the equivalent of $1 a liter or roughly $3.78 a US gallon, is far from cheap. Brunei, Oman, Kuwait, Bahrain, Qatar, Saudi Arabia all offer their petrol very cheap to their people. The Saudis sell their oil at 17 cents, Kuwait at 22 cents. In the US gasoline averages 89 cents a liter.

That means the IMF and Washington have forced one of the poorest economies in Africa to impose a huge tax on its citizens on the implausible argument it will help eliminate corruption in the state petroleum sector. The IMF knows well that the elimination of subsidies will do nothing about corruption in high places.
Were the IMF and World Bank genuinely concerned with the health of the domestic Nigerian economy, they would have provided support for rebuilding and expanding a domestic oil refinery industry that has been allowed to rot, so that the country need no longer import refined fuels using precious state budget resources.The easiest way to do that would be to expedite a two-year-old deal between China and the Nigerian government to invest some $28 billion in massive expansion of the oil refinery sector, to eliminate need for importing foreign gasoline and other refined products.

Quite the opposite—the criminal cabal inside the Nigerian National Petroleum Company (NNPC) and the Government making huge profits on the old subsidy system are suddenly making double and potentially triple more to maintain the old corrupt import system, and, of course, to sabotage Chinese refinery construction that could put an end to their gravy train.

Cutting their nose to spite the face…
Rather than benefit ordinary Nigerians as the IMF proclaims to want, the elimination of the subsidies has further pauperized the 90 per cent living on less than $2 a day, according to Mallam Sanusi Lamido Sanusi, the Nigerian Central Bank governor. An estimated 40 million Nigerians are unemployed in the country of 148 million.

Because transport costs are a significant factor in delivery of food to the cities, food price inflation has soared along with costs of public transportation for the majority of poorer Nigerians. According to the Nigerian Leadership Sunday, “prices of commodities which shot up as a fallout of the fuel pump price increase have refused to come down.” Everything from street vegetable sellers to carwashes to roadside photographers are feeling the shock of the rise in fuel prices. Unemployment is rising as small businesses fold.

The argument of the IMF and the Jonathan administration is that by freeing fuel prices, funds would be available to more social services and rebuilding Nigeria’s “infrastructure.” Both the IMF and the government know it would have been far more economically viable to replace the current corrupt system of importing refined gasoline and fuels with investing in rebuilding Nigeria’s domestic refining capacity.

Son Gyoh of the Nigerian Awareness for Development organization asks, “Would it not be more expedient to pressure government to service the refineries to full production capacity, given the implications on overhead and competitiveness for local industries?”

Gyoh pointed to the source of the problem: “Why have successive governments left the refineries in a state of disrepair while spending huge on subsidy? Is there any chance that the savings from subsidy withdrawal will go directly into rehabilitating the refineries? Does deregulation imply NNPC will no longer operate a monopoly in importation of refined petroleum product, or is this lobby a self-serving lifeline to continue its monopoly? ” He concludes, “In any case, there is good reason to doubt subsidy removal will solve the fuel scarcity problem as the cabal will only regroup to change tactics, a fact Nigerians are only too aware of.”

After Nigeria partly nationalized its oil sector in the late 1970s, it also took control of Shell Oil’s Port Harcourt I refinery. In 1989, Port Harcourt II refinery was built. Both refineries fell into serious disrepair after 1994, when the Abacha military dictatorship cut the “take” of the Nigerian National Petroleum Company NNPC from domestic sale of refined oil products such as gasoline from 84% to 22%. That caused a cash crisis for NNPC and a halt to refinery maintenance. Today only one of four refineries operates at all.

What developed since was a system of NNPC importing foreign gasoline and other refined products for Nigeria’s domestic needs, naturally at a far more expensive cost. The price subsidies were to relieve that higher import cost, hardly a sensible solution but a very lucrative one for those corrupt elements in the state and private sector making a killing, literally, off the import process.

NNPC criminal enterprise
The IMF is well aware of the real cause of Nigeria’s fuel industry problems. A Nigerian legislative committee examining the sources of the industry’s problems recently released a report documenting that at least $4 billion annually is taken from taxpayers in fuel industry corruption with the state Nigerian National Petroleum Company (NNPC) at the center. According to the commission, “every day, fuel importers drop off 59 million liters of fuel. The country consumes 35 million liters daily. That leaves 24 million liters of oil available for smugglers to export, paid for by government fuel subsidies. This costs the Nigerian people roughly $4 billion yearly, according to Reuters.”

The Nigerian government has said that the 7.5 billion dollars spent yearly on fuel subsidies could be used to provide desperately needed infrastructure. But they omit any mention of the rampant siphoning off of $4 billion of oil by black market smugglers, reportedly with connivance of high NNPC government officials, to sell to neighboring countries at a hefty profit. The refined imported fuel is reportedly smuggled into neighboring countries like Cameroon, Chad and Niger where petrol prices are far higher, according to Abdullahi Umar Ganduje, Deputy Governor of Kano State.

China as IMF target?
One major geopolitical factor that is generally ignored in recent discussion of Nigerian oil politics is the growing role of China in the country. In May 2010, only days after President Jonathan was sworn in, China signed an impressive $28.5 billion deal with his government to build three new refineries, something that in no way fits into the plans of either the IMF, or of Washington, or of the Anglo-American oil majors.

China State Construction Engineering Corporation Limited (CSCEC) signed the deal to build three oil refineries with Nigerian National Petroleum Corporation (NNPC), in the biggest deal China has made with Africa. Shehu Ladan, head of NNPC, said at the signing ceremony that the added refineries would reduce the $10 billion spent annually on imported refined products. As of January 2012, the three Chinese refinery projects were still in the planning stage, reportedly blocked by the powerful vested interests gaining from the existing corrupt import system.

A report in China Daily last November quoted Nigeria’s Olusegun Olutoyin Aganga, the minister of trade and investment, that Nigeria was seeking added Chinese investors for its energy, mining and agribusiness industries. Last September on a visit to Beijing, Nigeria central bank governor Lamido Sanusiannounced his country planned to invest 5 per cent to 10 per cent of its foreign exchange reserves in China's currency, the renminbi (RMB) or yuan, noting that he sees the yuan becoming reserve currency. In 2010 China's loans and exports to Nigeria exceeded $7 billion, while Nigeria exported $1 billion of crude oil, Sanusi stated.

Until now Nigeria has held some 79% of her foreign currency reserves in dollars, the rest in Euro or Sterling, all of which look dicey given their financial and debt problems. The move of a major oil producer away from dollars, added to similar moves recently by India, Japan, Russia, Iran and others, augurs bad news for the continued role of the dollar as dominant world reserve currency. Clearly some in Washington would not be happy with that.

The Chinese are also bidding to get a direct stake in Nigeria’s rich oil reserves, until now an Anglo-American domain. In July 2010, China's CNPC (China National Petroleum Corporation) won four prospective oil blocks – two in the Niger Delta and two in the frontier Chad Basin, with plans to become core investor in the Kaduna refinery, and construction of a double track Lagos-Kano railway. China’s oil company, CNOOC Ltd also has a major offshore production area in Nigeria.
The IMF and Washington pressure to lift subsidies on imported fuels is at this point in question, as is the future of China in Nigeria’s energy industry. Clear is that lifting subsidies in no way will benefit Nigerians. More alarming in this context is the orchestration of a major new wave of terror killings and bombings by the mysterious and suspiciously well-armed Boko Haram. This we will look at next in the context of Nigeria’s recent transformation into a major narcotics hub.

I've made up my mind. If buhari comes up in the next coming election, he'll get my vote. I will never vote any PDP official again neither will i ever vote any AC member into the office of the presidency , I have noticed that PDP and AC party members only quarrel . They quarrel over court judgements, allocations and elections results. They dont ask serious questions about each others motives like you'd expect from a major opposing party in a democracy. They are birds of the same feather.

Let us first introduce the death penalty then find a few top officials as scape goats ( iweala and Diezani baby ). I also believe that the introduction of lie detectors within the security agencies will help deter them from taking bribes , Each and every one of them should be checked at least, once every year. A security agent that doesnt take bribe or afraid to take bribe will go a long way to reducing corruption within the system and the country. Increase their Salaries and in return, make it compulsory for each and every officer to take the test annually. To make it easy, any officer undergoing a promotion should be subjected to the test, asset and a background  check, Just imagine stretching a 200 naira note to a policeman and he says no ( frowns and licks his lips ).

NIGERIANS WILL NEVER BUY FUEL FOR #140. IF WE DO, WE BECOME THE MOST STUPID COUNTRY IN AFRICA. ''The cost of fuel per litre in OPEC member states -Saudi Arabia $0.12(N18 per litre) Kuwait $0.79(N32 per litre), United Arab emirates-$0.37(N57 Per litre)Venezuela 0.5$ (N7 Per litre) Qatar-0.22$(N34 per litre) Iran-0.42$(N17 Per litre) Algeria-$0.20(N31 per litre). why is our own different.'', -Roads are bad -Jobs are non existent -Education is not for the poor -Hospitals are not well equipped -Accomodation is expensive -'Pure water' is the solution to good drinking water -Legislators salaries is astronomical-for doing nothing. -Security is non-existent -Minimum wage is unsustainable -Electricity is virtually @ zero output - and we have not been able to fix not even 1 of our refineries to full production capacity and Jonathan and his co-thieves wanna make our lives more miserable when their kids and families enjoy d best of anything life has to offer when an average Nigerian feeds on less than $1 a day.

Its time we drag down our over paid legislators and other government officials who wants to live an American lifestyle even though our GDP is less than 1% of America's GDP.

Where can i get a good bicycle . Any recommendations ?.

Any Government policy on oil whether subsidy,deregulation or what ever shit i dont understand will always be perfect for a nation.The two prominent things that make things go wrong is corruption and greed.

Even at the current price,fuel price in Nigeria is still low compared to prices in the US and UK
Subsidy or No Subsidy,the problem with Naija is leadership.
It would make more sense if protests were staged to drag incompetent leaders out of office than protest against economic measures.

Its time we drag down our over paid senators and other government officials who wants to live an American lifestyle even though our GDP is less than 1% of America's GDP,

‎1) One barrel of Crude oil = 42gallons or
159 litres

, 2) Our Refineries (i.e 4) Installed
(combined) capacity = 445,000
, barrels per day

3) Actual refineries capacity due to
ageing equipment = 30% i.e. 133,500
barrels per day
.
4) . . 133,500 barrels = 21.2 million litres

5) Local required consumption (F.O.S) =
12millions litres

6) It means that even our MORIBOND
refineries can actually meet our local
consumption need of petroleum.

7) The cost structure of crude oil (i.e.
Qua Iboe Crude Oil) production;
- Findings / development - $3.5
- Production cost - $1.5
- Refining Cost - $12.6
- Pipeline/transportation - $1.5
- Distr/bridging fund Margin -$15.69

True cost of one litre of petroleum
anywhere in Nigeria;
- Total sum cost = $34.8
- 1ltr cost = $34.8/159 litres = $0.219
- Naira equiv. 0.219xN160= N35.02k
- Add Tax N5 + N35.02 = N40.02

9) Let FGN refute the above composition
and if not, they should tell us how
they came about N65/litre.

10) Locally refined products cannot be
sold at International price.

11) We really do not need FGN SUBSIDY
as there was NONE in the first place.

12) What is LACKING, is the WILL to
enforce LAW ON CORRUPTION.

We still stand a chance as a COUNTRY.
Analysis done by Professor Tam David West, former Petroleum Minister.

Any Government policy on oil whether subsidy,deregulation or what ever shit i dont understand will always be perfect for a nation.The two prominent things that make things go wrong is corruption and greed.

Even at the current price,fuel price in Nigeria is still low compared to prices in the US and UK
Subsidy or No Subsidy,the problem with Naija is leadership.
It would make more sense if protests were staged to drag incompetent leaders out of office than protest against economic measures.

Its time we drag down our over paid senators and other government officials who wants to live an American lifestyle even though our GDP is less than 1% of America's GDP,

‎1) One barrel of Crude oil = 42gallons or
159 litres

, 2) Our Refineries (i.e 4) Installed
(combined) capacity = 445,000
, barrels per day

3) Actual refineries capacity due to
ageing equipment = 30% i.e. 133,500
barrels per day
.
4) . . 133,500 barrels = 21.2 million litres

5) Local required consumption (F.O.S) =
12millions litres

6) It means that even our MORIBOND
refineries can actually meet our local
consumption need of petroleum.

7) The cost structure of crude oil (i.e.
Qua Iboe Crude Oil) production;
- Findings / development - $3.5
- Production cost - $1.5
- Refining Cost - $12.6
- Pipeline/transportation - $1.5
- Distr/bridging fund Margin -$15.69

True cost of one litre of petroleum
anywhere in Nigeria;
- Total sum cost = $34.8
- 1ltr cost = $34.8/159 litres = $0.219
- Naira equiv. 0.219xN160= N35.02k
- Add Tax N5 + N35.02 = N40.02

9) Let FGN refute the above composition
and if not, they should tell us how
they came about N65/litre.

10) Locally refined products cannot be
sold at International price.

11) We really do not need FGN SUBSIDY
as there was NONE in the first place.

12) What is LACKING, is the WILL to
enforce LAW ON CORRUPTION.

We still stand a chance as a COUNTRY.
Analysis done by Professor Tam David West, former Petroleum Minister.

Any Government policy on oil whether subsidy,deregulation or what ever shit i dont understand will always be perfect for a nation.The two prominent things that make things go wrong is corruption and greed.

Even at the current price,fuel price in Nigeria is still low compared to prices in the US and UK

Subsidy or No Subsidy,the problem with Naija is leadership.
It would make more sense if protests were staged to drag incompetent leaders out of office than protest against economic measures.

Budget is no more than 1.8m and images will be well appreciated.  Honda Civic Sedan only