₦airaland Forum

GenBuhari:
Buhari policy is to eventually stop fuel imports.

These guys are simply speeding up the attainment of that objective.

That would be the best solution if we can supply our own demand without the exchange rate pressure & waste of money we spend on product imports. But DTS just a solution to one of our problems.

The other major problem is DT we would then be at the mercy of workable pipelines carrying crude to the local refineries in a timely manner. Wt all the challenges wt militants & pipeline thieves, there will be scarcity every other month. And DTS how we'll find ourselves back to imports again.

Then there's also d major problem DT crude oil fields might be too expensive for Nigeria to drill.Maybe we even end up importing crude to run our refineries.

Our problem & OPEC problem is DT govts are d ones running d oil business in these countries. America has private companies running its oil business. Govts have no business running businesses. The no 1 rule is innovate or die. Govts know nothing about innovation.

getting better and better.

Nigeria has no business importing fuel, whether refine or crude.

if we can't repair our refineries and build more, then let's all sell our cars and start using horses and donkeys.

RUBBISH!

getting better and better.

Nigeria has no business importing fuel, whether refined or crude.

if we can't repair our refineries and build more, then let's all sell our cars and start using horses and donkeys.

RUBBISH!

countries that don't even have crude oil, like SA have more refineries than we do.

foriz4u:
it's not the CBN my brother It's the president that's deciding and taking action but doing it under the umbrella of CBN. have u forgotten that buhari is a military man that is vry stubborn? have u forgotten that he said b4 appointing ministers that ministers are just filling gaps? that's a sign he's the one making all these uncalculated, untrust, bias and ignorant policies and decisions and then later retract only after the damage has been made. (e.g, d N50 stamp charges is another policy that is senseless). this is a sign of inexperience and incompetent by d APC lead government. the nation will continue to see these trend as it will take them yrs of experience to get things right. but we Nigerians don't n won't have such patient.

It has absolutely nothing to do with experience. The PDP had no experience in 1999 when they took power, but only had to rely on the experience of a former president. APC, too, is relying on the experience of a former president since this is their first outing at the Federal level.
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PDP would have been exposed more than whatever we are experiencing now, had they met an economy as devastated as it is now. Do you really understand the implications of $27pb oil? If you had any idea, you would temper your criticism for the administration.
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In any case, as a democracy, it is better to have at least 2 experienced political parties to give citizens options to choose from, so that one party does not always blackmail us to vote for them by playing the experience card.

Lanretoye:
Okay,what is emefiele doing to cushion the effect of this stringent policy self?

And wht is Buhari's fiscal policy doing to support CBN's monetary policy? Cluelessness of the economic mgt team is mounting serious pressure on our monetary policy. It was this cluelessness that led the CBN into adopting extreme monetary policy to cover the clueless ass of the change government. Lala don't do u think so?

Bevista:
It has absolutely nothing to do with experience. The PDP had no experience in 1999 when they took power, but only had to rely on the experience of a former president. APC, too, is relying on the experience of a former president since this is their first outing at the Federal level.
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PDP would have been exposed more than whatever we are experiencing now, had they met an economy as devastated as it is now. Do you really understand the implications of $27pb oil? If you had any idea, you would temper your criticism for the administration.
---
In any case, as a democracy, it is better to have at least 2 experienced political parties to given citizens options to choose from, so that one party does not always blackmail us to vote for them by playing the experience card.

what APC president did the PDP had to rely on? was APC on existent as at 1999? u seems to b talking to a child born in d yr 2010 that hasn't read the country politicking. ok na, no problems at all.

thank to god u admit they are inexperience n need a great opposition, but with the electria desolation n re-run as desperation by d APC to govern the whole of the country all because of d power d president exhibit do u think this country will have an existing strong opposition in the coming years? think about it bro.

Ioannes:
getting better and better.

Nigeria has no business importing fuel, whether refined or crude.

if we can't repair our refineries and build more, then let's all sell our cars and start using horses and donkeys.

RUBBISH!

countries that don't even have crude oil, like SA have more refineries than we do.

Lmao! Complete rubbish. And its bn rubbish since the early 90's when those refinery maintenance fees became avenues of stealing. Singapore has no single natural resource & no land but has a lot of refineries. They're one of the countries we import from. Sad black people of Africa.

foriz4u:
what APC president did the PDP had to rely on? was APC on existent as at 1999? u seems to b talking to a child born in d yr 2010 that hasn't read the country politicking. ok na, no problems at all.

thank to god u admit they are inexperience n need a great opposition, but with the electria desolation n re-run as desperation by d APC to govern the whole of the country all because of d power d president exhibit do u think this country will have an existing strong opposition in the coming years? think about it bro.

I want to believe you were trying to mean precedent (just want to ensure we are on the same page). PDP relied on OBJ, while APC is relying on PMB, both former presidents.
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PDP tried to turn Nigeria into a one-party State but they failed. They even boasted that they were going to rule for 60yrs - yet again they failed. There's nothing new in a party in Nigeria trying to "corner" the whole country but be rest assured that if that is the plan of the APC, they will fail too.

.

OFFICIAL336:
And wht is Buhari's fiscal policy doing to support CBN's monetary policy? Cluelessness of the economic mgt team is mounting serious pressure on our monetary policy. It was this cluelessness that led the CBN into adopting extreme monetary policy to cover the clueless ass of the change government. Lala don't do u think so?

You have a point here tho.

Bevista:
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PDP tried to turn Nigeria into a one-party State but they failed. They even boasted that they were going to rule for 60yrs - yet again they failed. There's nothing new in a party in Nigeria trying to "corner" the whole country but be rest assured that if that is the plan of the APC, they will fail too.

This issue is beyond parties. Its a fundamental problem.

Ngozi Iweala has bn saying since 2 yrs ago Nigeria was broke. Nobody listened. Our budget implementation completely broke down last yr due to crude oil price falls - govs cldnt get d money they expected & subsidy wasn't paid.

The down slide started last year but the fundamental problem started even way before our democracy. All these throwing pples names around and parties names around is not the solution. These were novices, who knew nothing abt oil & gas, and just followed d system on ground. You start to understand d extent of d damage when u realize novices have bn handling everything for over 30 odd years.

Buhari needs to step up and look forward, not backward. This is his presidency. His responsibility. After 4/8 years we will judge him based on the decisions he made to right the ship. In 2008, america was losing 700,000 jobs a month and stockmkt crashed to its lowest levels in decades. The highest crash since d 1920's depression. Its 8 years later and d dollar is stronger dn ever, unemployment is at 5% (its lowest levels ever) & d american economy is stronger dn ever. Obamas history will never be written wtout DT turnaround being written. This is an opportunity for buhari.

Bevista:
I want to believe you were trying to mean precedent (just want to ensure we are on the same page). PDP relied on OBJ, while APC is relying on PMB, both former presidents.
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PDP tried to turn Nigeria into a one-party State but they failed. They even boasted that they were going to rule for 60yrs - yet again they failed. There's nothing new in a party in Nigeria trying to "corner" the whole country but be rest assured that if that is the plan of the APC, they will fail too.

good! always shouting urslf in d legs n making sense. I seems to like that. but don't fink I agree with u on d issue of PDP relying on OBJ, ok, OBJ was neva at any point a party member of d non-existed APC in the 1999. was not even a member of NCP, AC, ANPP or what ever.

janellemonae:
That would be the best solution if we can supply our own demand without the exchange rate pressure & waste of money we spend on product imports. But DTS just a solution to one of our problems.

The other major problem is DT we would then be at the mercy of workable pipelines carrying crude to the local refineries in a timely manner. Wt all the challenges wt militants & pipeline thieves, there will be scarcity every other month. And DTS how we'll find ourselves back to imports again.

Then there's also d major problem DT crude oil fields might be too expensive for Nigeria to drill.Maybe we even end up importing crude to run our refineries.

Our problem & OPEC problem is DT govts are d ones running d oil business in these countries. America has private companies running its oil business. Govts have no business running businesses. The no 1 rule is innovate or die. Govts know nothing about innovation.

You are advocating for the fg to break up its monopoly and stringent grip on refinery of crude and allow private direct investments into the sector!

kingsamosy:
Things are falling apart in Nigeria.

Because the centre (crude oil) can no longer hold together the different sectors in Nigeria

Chubhie:
I gave buhari benefit of the doubt alas, I was wrong and you are right. my apologies. you must be a prophetic patriot.

The problems facing Nigeria at this present time is terrible but what makes the problem acute is the country's leadership which is totally devoid of any tangible answers or solutions to the nations problems and this is because ppl decided to vote for someone who has lost touch with all sense of governing abilities and whose background and attitude doesn't fit into todays time and age. As bad as the economy is today,give this same economy to dangote to manage without his billions and see if he wont turn the nation around within12months,and the reason is simple because he has the expertise and is in tune with modern day economics . Nigerians voted for someone who hasn't developed his brains for the past 38years and who was even a military dictator.
Now we are all blaming the cbn cheif who has done a lot within his capacity and limitations. He cant go beyond of the dullard and the dullard is not giving any concise accurate economic policy or direction. If not for the cbn chief actions dollars would have been trading at 500naira to 1us dollars

What enemies? This is all a result of Nigeria not preparing for the downturn by saving and diversifying the economy instead choosing to squander and waste the oil boom and now blame oyinbo enemies.

Was it oyinbo enemies who was distributing billions in the last administration or was it oyinbo enemies who failed to ensure we were n dependent on importing crude oil?

kennyman2000:
Hmmmmm... I really wish 2017 is already here, make dangote refinery begin production make we bullshit this oil importation of a thing. I think this blacklisting of a thing is linked to further devaluation of naira by those our oyinbo enemies.

Good
Its about time everything crumbles completely

Chubhie:
Buhari and Apc are curses to Nigeria. it is not rocket science that Nigeria won't survive four years of these two destructive forces---Apc and Buhari.

whr dis osinbajo sef?
has he gone back to redeemed?

baralatie:
You are advocating for the fg to break up its monopoly and stringent grip on refinery of crude and allow private direct investments into the sector!

Completely. Not just on its refining companies, on all NNPC subsidiaries, wt stringent regulations on the NPDC offshoots.

janellemonae:
Buhari needs to step up and look forward, not backward. This is his presidency. His responsibility. After 4/8 years we will judge him based on the decisions he made to right the ship. In 2008, america was losing 700,000 jobs a month and stockmkt crashed to its lowest levels in decades. The highest crash since d 1920's depression. Its 8 years later and d dollar is stronger dn ever, unemployment is at 5% (its lowest levels ever) & d american economy is stronger dn ever. Obamas history will never be written wtout DT turnaround being written. This is an opportunity for buhari.

Brilliant! Couldn't have put it any better. I wish we had more objective people like you who would rather stay on issues rather than throwing juvenile tantrums as their prejudice deem it fit.
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Unfortunately, the US economy depends largely on domestic consumption (~75%), which makes it more resilient to external shocks than most countries. Also, the US economy is largely MARKET driven while that of Nigeria is largely driven by government expenditure. The American citizens are largely enlightened, so they understood that the GFC was instigated by the Sub-prime mortgage situation going parabolic and was exacerbated by the FED handling of the Lehman crisis. Nobody kept calling Bush or Obama.
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In Nigeria, there is very little discussion on the real immediate & remote causes of the crisis. As the administration blames it predecessors and as the opposition blames the administration, there is very little unity of purpose on how to best tackle the economic situation. Sadly, when it rains, it will pour on us all, except the very few that have adequate shelter.

janellemonae:
Completely.

I agree but the question is how?taking into consideration
all factors
Let me put this issue practically!
Nigeria needs to refine at least 500000 BPD of crude in order to smile

pls Nigerians should build refineries and stop importing fuel, that is d best thing, before d country collapse, how was this country surviving subsidy when fuel was 65 naira during yaradua's time and obasanjo 'time?, God help us

onatisi:
The problems facing Nigeria at this present time is terrible but what makes the problem acute is the country's leadership which is totally devoid of any tangible answers or solutions to the nations problems and this is because ppl decided to vote for someone who has lost touch with all sense of governing abilities and whose background and attitude doesn't fit into todays time and age. As bad as the economy is today,give this same economy to dangote to manage without his billions and see if he wont turn the nation around,and the reason is simple because he has the expertise and is in tune with modern day economics . Nigerians voted for someone who hasn't developed his brains for the past 38years and who was even a military dictator.
Now we are all blaming the cbn cheif who has done a lot within his capacity and limitations. He cant go beyond of the dullard and the dullard is not giving any concise accurate economic policy or direction. If not for the cbn chief actions dollars would have been trading at 500naira to 1us dollars

I must confess that current realities has shown that Buhari lacks the soundness of mind to proffer innovative cutting edge ideas to a complex Nigeria.

I don't want to say anything yet.
Ebuka, put your seat belt OK. The Pilot is confused, anything can happen.

yaki84:
whr dis osinbajo sef?
has he gone back to redeemed?

With all due respect to osinbajo, he is hanging out with the wrong crowd. Buhari is too rigid and senile to take ideas from a sound mind as osinbajo.

yaki84:
whr dis osinbajo sef?
has he gone back to redeemed?

How can u make a lawyer with no basic economic educational qualification or experience the chief financial and economic planner of a country in this modern age and expect positive results? Are there no qualified economist anymore in Nigeria?we have qualified economists who are presently making other countries work and better simply because those countries have listening presidents who don't behave like gods . Why can't the president appoint ppl like pat utomi and co? But he won't because of 2 reasons,one is they wont take shit from him and secondly is that those ppl won't wipe tinubu dirty ass.

[size=13pt]Buhari is leading Nigeria down the part of the Titanic!
[/size]

Bevista:
Brilliant! Couldn't have put it any better. I wish we had more objective people like you who would rather stay on issues rather than throwing juvenile tantrums as their prejudice deem it fit.
---
Unfortunately, the US economy depends largely on domestic consumption (~75%), which makes it more resilient to external shocks than most countries. Also, the US economy is largely MARKET driven while that of Nigeria is largely driven by government expenditure. The American citizens are largely enlightened, so they understood that the GFC was instigated by the Sub-prime mortgage situation going parabolic and was probably exacerbated by the FED handling of the Lehman crisis.
---
In Nigeria, there is very little discussion on the real immediate & remote causes of the crisis. As the administration blames it predecessors and as the opposition blames the administration, there is very little unity of purpose on how to best tackle the economic situation. Sadly, when it rains, it will pour on us all, except the very few that have adequate shelter.

This is key in getting our economy back on track, since 1999, Government expenditure has been more on recurrent than capital, until the Government begins to spend on the economy by building infrastructure to create direct and indirect jobs that will create auxiliary industries, we are only joking as we are still a developing country where Govt still needs to spend to build infrastructure, I saw Kenya's future plan for infrastructure and I wept for Nigeria, very soon kenya may be another African country like south africa where Nigerians run to for better living.The previous administrations from obj downwards kept lying to us about foreign investors while they shared our commonwealth. The Nigerian Government need to start spending on its people and not collect more from the people without spending back on them by building more infrastructure. Am tired of all the so called foreign investors who collaborate with the political class to siphon our monies abroad. This is what has been happening and bleeding our economy. Government needs to spend its revenue on its people who generate this revenue through taxes and other charges. Can someone tell me if we have built more infrastructure in our democracy than that which the past Military Governments did?

is it not a shame that since 1999, Nigeria has not built one single refinery even when oil prices were buoyant? So what have they been spending our money on all this while? That is the root of our problems

baralatie:
I agree but the question is how?taking into consideration
all factors
Let me put this issue practically!
Nigeria needs to refine at least 500000 BPD of crude in order to smile

I understand what ur saying. It might be too late and d bottom already hits d iceberg b4 any refinery starts working. Im not an oil & gas expert so cant pretend to have answers but d right answers always come when u start asking d right questions of d right people. Clearly this is not a simple problem. Innovation is necessary. One solution could be drastically reducing d countrys demand on fuel. DTS a whole area DT has NEVER bn looked into.

janellemonae:
I understand what ur saying. It might be too late and d bottom already hits d iceberg b4 any refinery starts working. Im not an oil & gas expert so cant pretend to have answers but d right answers always come when u start asking d right questions of d right people. Clearly this is not a simple problem. Innovation is necessary. One solution could be drastically reducing d countrys demand on fuel. DTS a whole area DT has NEVER bn looked into.

the solution is simple ,let every state in Nigeria construct her own refinery. Let state partner private companies to establish refineries in each state
mini refineries will only take 1 year or 2 to complete . There is no big deal in all these.

janellemonae:
Lmao! Complete rubbish. And its bn rubbish since the early 90's when those refinery maintenance fees became avenues of stealing. Singapore has no single natural resource & no land but has a lot of refineries. They're one of the countries we import from. Sad black people of Africa.

true talk. our present predicament in Nigeria is the handiwork of God, and it is marvellous in our eyes.

let's all suffer and learn to build the country not for our immediate gain but for the benefit of our children and their children after them.