If our refineries start working to reasonable capacity or are fully privatised and Nigeria starts refining oil locally, we will save a gulping sum of $7 billion annually, money we waste in subsidising petroleum products.

Theoretically, $7 billion can build 6 major power plants with a total generating capacity of 4000MW of electricity. 4000MW can power approximately 3.2 million homes. This is how a country grows.

- DK

‪#‎DetectiveKrojo‬.

Tell Barcanista and sweetguy25 the PDP losers that cannot see they are losers!

Imagine when a human being is sooo stupid that his biggest problem is him not knowing how stupid he really is? That is the case of these looneys!

If the incoming government will make Nigeria's refineries refine all our oil locally, there will be several thousands of jobs created! They can in fact wind down the amnesty program by mutual agreement, channeling more of those resources to clean-up the Niger Delta just imagine what that will mean for the economy of the ND and Nigeria as a whole?

Several hundreds of thousands of Nigerians in the SS will be employed and get a guaranteed salary in a respectful job where they can still have time for their families. The clean project will also lead to a lot of jobs and new skills and perhaps new local companies that can specialize in environmental clean-ups of oil spillage. With clean-ups, local fishery farming can become more lucrative again, so if you can't work in a refinery, can't work in clean tech companies, at least you can become a big time fish farmer? If you can't do all that, well you can become a water transport company! The potentials are enormous indeed!

Una don start again abi?

$7 billion in your dreams, you people should keep building your castle in the sky. By May 29, your story will change.

barcanista:
Una don start again abi?

So it is bad to refine Nigeria's oil for Nigeria's consumption in Nigeria by Nigerians but better to spend $ 7 B (> N 1 Tr) on subsidy like retardeenic GEJ did until he was hammered down by fall in oil price, bad economy and a tsunami that chased him and yourself out of Aso Rock?

barcanista:
Una don start again abi?

Na lie?

Leftist Government

Buhari’s government will be “clearly to the left” of Jonathan’s outgoing Peoples Democratic Party and may boost social spending, including on free school meals and care for the elderly, Fayemi said. The APC will be able to fund its plans by saving about 3 trillion naira ($15 billion) per year from plugging “leakages” and by improving non-oil tax collection, he said.
“This will be deployed to the power sector, to the social safety net,” he said.

Nigeria spends as much as $7 billion a year subsidizing fuel, an expense several economists criticize. Even though the subsidies create “artificial” pricing at gas stations, there’s no guarantee the APC government will cut them, according to Fayemi.
“In the short term, I don’t see us removing any subsidy,” he said.
While the central bank’s independence is key, the new government will probably want it to focus less on developmental agendas such as funding agriculture and small businesses and more on pure monetary issues, Fayemi said.
System Stretched

The regulator “has undertaken a lot more responsibility than I believe it ought to,” he said. “It has become a be-all-and-end-all institution. It makes for less accountability in the system when you’re stretched that thin.”
Ibrahim Mu’azu, an Abuja-based spokesman at the Central Bank of Nigeria, didn’t immediately respond to an e-mail requesting comment.
Buhari captured 52 percent of total votes cast compared to 44 percent for Jonathan, a 57-year-old Christian from the south. The APC’s supporters have high expectations and they will quickly be disappointed if the party doesn’t fulfill its promises, Fayemi said.
“This excitement that we’re seeing is going to wear off if we don’t start delivering,” he said. “In six months or one year, the language will change.”
http://www.bloomberg.com/news/articles/2015-04-22/nigeria-s-apc-will-release-full-pwc-audit-on-state-oil-company

That's the delusion of lazy people. Poverty go finish una, everywhere dey turn they see billions in the sky.

Jonathan _Why?

PassingShot:


Na lie?

Oga, U, OP and Madamoringo love delusion. Shebi una don enta power? We de watch

atlwireles:
$7 billion in your dreams, you people should keep building your castle in the sky. By May 29, your story will change.

Even more. Imagine the amount of money we've lost and continue to lose to subsidy, foreign exchange, employment and more.

courage89:


Even more. Imagine the amount of money we've lost and continue to lose to subsidy, foreign exchange, employment and more.

You will be free by May 29 to find and spend this money.

Very good. That can help us to shut those fools making useless analyses of Buharis promises.
Only an enemy of Nigeria will see something wrong in this

Only an enemy of Nigeria will support people who have killed millions.

Mumu people. Finding them is not hard