₦airaland Forum

With the rapid fall in oil price, will Nigeria be able to fund its democratic government, given the high cost of governance? The high cost of governance is caused mainly by corruption. Every recommendation made in the past towards reducing high cost of governance was ignored. Now, with the way the world economy is going, big crisis is sure to come.

Okay let's see between boko haram, low petroleum price and Politicians who will break up the country first.

Bokoharam is the issue. Stop it today, the oil price will go up.

Op in my opinion, the way I see the situation will go is that this heartless government will make the poor masses to bear the brunt. They may come down hard on the people with all sort of unbearable levies just to satisfy their greed.

focus7:
Op in my opinion, the way I see the situation will go is that this heartless government will make the poor masses to bear the brunt. They may come down hard on the people with all sort of unbearable levies just to satisfy their greed.

Coming down hard on the people with all sorts of unbearable levies will surely precipitate an equivalent of "Arab Spring". With the way dollar exchange rate is going, the cost of basic items will rise to astronomical values. That alone will put a lot of stress on the populace. Any attempt to introduce undue levies will raise the temperature to boiling point.