Ykc2:
why you guys dey waste una time dey reply one abokki or muric member that changed his or her name to michelle?

Theunbothered:


Please tell me how much money has Nigeria made from the train and how much is our debt to built it?

While you're you're doing that also remind me what happened to Nigeria Air, Buhari's refineries and the Siemens power project.

Michelle70:
Jonathan in time of plenty was wasteful.

As a business man, I know that the time of plenty is the time to plan for the future.

Nigeria case is lack of progressive leaders and tribalistic youths.
Lagos is what it is because of leaders that plan for the future.
look at China, when they were busy producing China phones, we make mockery of them that there products doesn't last, but today I am typing this with China phone and u are probably reading with Chinese phone.

2moro, ur children will still blame govt while ur voursemates could be millionaires

Roger3D:
The value of N140 in 2012 is not the same as the N140 in 2022. Taking into consideration inflation ad other economic factors, Jonathan was most likely asking us to pay an equivalent of N350 per liter in today's money so the protest back then was justified

wirinet:


Gbam. Jonathan was wasteful, Buhari is directionless.

I was shocked shocked when he lied that Jonathan increased the foreign reserves. I asked which foreign reserves? Maybe their personal foreign reserves, but Jonathan depleted the foreign reserves left by Yaradua and was borrowing to pay salaries.

Buhari is a ghost president. Nigeria is being ruled by the presidency.

flokii:


You people should continue destroying the economy of Nigeria with monopoly given to people like Dangote with ban placed on Importation.

What stops the govt. owned refineries from working while private business owners too like Dangote run theirs? by so doing the demand won't exceed supply so price won't go unreasonably high that'll in turn put pressure on the naira and weaken our currency in the foreign exchange market.

Incase you don't know the ills of what those in govt. are doing, the poverty rate in Nigeria will rapidly increase and prices of foodstuffs in the market will go up beyond normal and even graduates who earn next to nothing will turn beggars on the streets. Continue blowing grammar till reality will hit you in the face.

Michelle70:
Jonathan in time of plenty was wasteful.

As a business man, I know that the time of plenty is the time to plan for the future.

Nigeria case is lack of progressive leaders and tribalistic youths.
Lagos is what it is because of leaders that plan for the future.
look at China, when they were busy producing China phones, we make mockery of them that there products doesn't last, but today I am typing this with China phone and u are probably reading with Chinese phone.

2moro, ur children will still blame govt while ur voursemates could be millionaires

backbencher:


Dangote on cement competes with Lafarge, BUA and Ibeto

Dangote refinery is up against 5 other private refineries, BUA is also building a refinery that refines everything but PMS, and there are 20 other refineries licensed.

Monopoly ke.?

(I am not a government drone, so I hate saying what I have to say next)

1) NNPC is fixing two of its refineries. (Right, drone job over, back to reality)

2.We have bad government refineries because government forced them to sell fuel at a loss, and paid a subsidy that did not cover the losses adequately. Refinery operates at a loss, it cannot be maintained and upgraded. Result...bad refinery (Corruption and sabotage finish off the job)

Whereas, if we keep subsidy, we keep on running deficit budgets, and this too affects the poor badly

Welcome to business. people need to make money to pay for their businesses to run well. And yes, it means prices go up. I don't like it, but there it effing is.

Chimezirim121:

You mean Buhari's time is not a time of plenty?

DeepSight:


I like the humour with which you interlace even your difficult points. Thats a rare and graceful skill and virtue. Having said that, even if Dangote is not a "monopoly" in many of the sectors it does business in, one cannot escape the feeling that Dangote is the face of, and trustee of, the Nigerian establishment.

Michelle70:


PDP didn't do anything back then to secure the future of Nigeria.
No road, electricity was epileptic, corruption was ceiling level, nothing was working in Nigeria, u were brainwashed to think things were working cos there is money to throw around

Michelle70:
Jonathan in time of plenty was wasteful.

As a business man, I know that the time of plenty is the time to plan for the future.

Nigeria case is lack of progressive leaders and tribalistic youths.
Lagos is what it is because of leaders that plan for the future.
look at China, when they were busy producing China phones, we make mockery of them that there products doesn't last, but today I am typing this with China phone and u are probably reading with Chinese phone.

2moro, ur children will still blame govt while ur voursemates could be millionaires

kolaaderin:
its never a time of plenty. Buhari was just unfortunate with the recession. He was handed an economy nose diving into recession, oil price drops heavily and then just at the point of recovery, the world shot down on corona virus again. Against all odd, economic diversification is ongoing and of course people were seriously hit with the Crisis. Not until few weeks ago that the oil price is returning to normal and its so because of the Russian war, this will also comes with many other negative consequences on other economic counters as the increase in oil price is not a natural one but induced due to the war ongoing.

backbencher:


Dangote on cement competes with Lafarge, BUA and Ibeto

Dangote refinery is up against 5 other private refineries, BUA is also building a refinery that refines everything but PMS, and there are 20 other refineries licensed.

Monopoly ke.?




(I am not a government drone, so I hate saying what I have to say next)

1) NNPC is fixing two of its refineries. (Right, drone job over, back to reality)


2.We have bad government refineries because government forced them to sell fuel at a loss, and paid a subsidy that did not cover the losses adequately. Refinery operates at a loss, it cannot be maintained and upgraded. Result...bad refinery (Corruption and sabotage finish off the job)

3.Subsidy money comes from the crude oil revenue. The more we spend it on subsidy, the less forex we have to buffer the naira, so value of naira falls.



Whereas, if we keep subsidy, we keep on running deficit budgets, and this too affects the poor badly as well. Right now, we have to find 3 trillion naira from somewhere, anywhere, to pay this year's subsidy costs, with a chance that we would have to pay more before the year runs out due to high crude prices.


Welcome to business. people need to make money to pay for their businesses to run well. And yes, it means prices go up. I don't like it, but there it effing is.

backbencher:


1.Thank you, but I am not always successful keeping my cool.I try though.

2.Dangote does get some 'preferential treatment', but on the cement thing, he got a license under the same conditions as Ibeto and Lafarge, so his success cannot be because someone gave him special treatment, and as for the refinery, he took a lot of loans from the banks who gave him the loans because (I suspect)they know they can take over his other lucrative assets to pay themselves should he default.

boyfrank:


What exactly is ur point. During GEJ era crude was not even upto $100 per barrel and u claimed his era was time of plenty. Abeg I don't do well with anything supporting Buhari so park

flokii:


Our problem in this country is that we don't weigh things well before embarking on them.. if after everything, Dangote gets to buy sweet Nigerian crude oil at naira rate instead of dollar rate like most investors do and still want to benchmark his refinery output sales at dollar rate... then something is seriously wrong.

If PMS sells at #1200 per litre for example and sells for less than #200 per litre in Benin republic, Ghana or Togo, what impression are you giving the world about Nigeria?

I don't think you know how hard things are biting with the current price of fuel. not to talk of post Dangote refinery era. It's those that are birthing kids like rabbits that I kuku pity.. serious crisis looming in this country if care is not taken.

flokii:


I don't think you know how hard things are biting with the current price of fuel. not to talk of post Dangote refinery era. It's those that are birthing kids like rabbits that I kuku pity.. serious crisis looming in this country if care is not taken.

Michelle70:
the truth is bitter.
Ur Otueke thief couldn't even build the mbiama bridge that leads to his state, I was on that bridge back in 2015 during heavy traffic along mbiama and the bridge was shaking like hell, I was scared it could collapse.
It was Buhari that had to rebuild a bridge leading to Bayelsa.
It will never be well with whoever supports GEJ

Roger3D:
You're ignorant about current world economic trends that's why you blame Buhari for your present economic woes. Listen here the whole world economy is currently undergoing inflationary pressures due to the economic recession brought about by the corvid 19 pandemic and not just Nigeria alone. The USA is experiencing its highest inflation rate in 40 years long before you were even born. The price of wheat has gone up 33%, maize 50% and vegetable oil 100% worldwide (Source; UNFAO). I guess Buhari is to blame for all of that too

InHeaven:
Because money was not made to your thinking, it shouldn't have been done?
I'm surprised.

backbencher:


Removing subsidy does not mean fuel would cost 1200 naira. That's an exaggeration.

Also, keeping subsidy means continued deficit budgets and more debt and no refineries. And more issues for our economy. You want that?

backbencher:


Removing subsidy does not mean fuel would cost 1200 naira. That's an exaggeration.

Also, keeping subsidy means continued deficit budgets and more debt and no refineries. And more issues for our economy. You want that?

COMPAQ:


GEJ actually had the best crude prices of any President in Nigeria's history

Jonathan was President from 2010-2015 and from the chart crude averaged about $90 during his tenor, peaking at $114

Average under Buhari has been about $55.