Flexherbal:
Hope they are not looking for money to share.

Sell and die ni. This is not Jona's Government wey them dey share. For anyone to share, u must have a re-think.

Well I do not know if any one is thinking what iam thinking?

I still believe that if GEJ's kind of economic team are to handle Nigerian economy even today, the citizens would be made to find solace without feeling all the economic shock that are now prevalent.

All the same I call on Nigerians to support PMB and his team. At the end of this political mile, we will know how far and how well.
#supportPMBpolicies!

make we no go sell wetin go bite us later o! just like the ASCOL report I read here the other day.

Smh

true federalism...it is always about oil and would still be oil...the present admin cant think beyond oil...it just seems impossible and shocking for them to do so...

No long thing. I sensed it earlier that with way this government is going, they may end up selling everything, including us Naira landers. Mtcheew! Government of liers, propagandists, thieves n what have u.

FG should sell Osun State to me.

Adesiji77:


http://www.thisdaylive.com/articles/fg-may-sell-100bn-assets-to-shore-up-foreign-reserves/230912/

obiagelli come n see news o. pls read n digest.
no projects, no plans but reserves de deplete.

Jesusloveyou:
can u listen to urself,why blaming pmb, did u want him to sell d oil for $100 ? Or to steal d little left by d clueless corrupt ineffitual baboon

zombie, gej left 30+billion dolls in foreign reserve, its now 28billion dolls...2billion gone, no projects.....abeg wetin buhari use 2billion dols do?

I might not be an economist or an accountant but I know that selling will be the worst decision the administration will make. We need to learn to grow balls and make hard decisions in this country

StuntingBlack:
[b] Can someone please tell me the usefullness of our NNPC if I may ask? So far, observations till date only shows the NNPC as nothing but just a sack of disgrace of a federal institution that keeps failing to make any tangible impact in the life of the average Nigerian. Why then should selling this disgrace called NNPC be a problem for us? I'll rather NNPC be privatized than my life. At the very least, I stand to gain indirectly from a Chinese acquisition than from one incompetent government institution lacking integrity.

And though I may have voted Buhari with my thumbs, its quite foolhardy to keep pinning blames on the past administration (even though its a fact) rather than concentrate on resolving the current economic situation. Its already established Jonadunce is the incompetent and corrupt buffoon responsible for the current mess. But why keep blabbering over and over on the same thing instead of fixing issues?

Save words for later and address reality, oh ye APC friends!!!

[/b]

You seriously do not know or understand what you are talking about. You can as well outsource the entire country to the Chinese since you and your Buhari have obviously run out of ideas. It is better for the present government to honorably throw in the towel than to contemplate the absurdly unthinkable idea of selling off our commonwealth.

Nightshift:
From a neutral view point, looking at the historical earnings from Nigerian crude oil export during the boom five year period, the former ruling party unashamedly operated a massive Ponzi scheme unrivalled in the history of pilfering with public fund. There are absolutely nothing to show where the monies were invested. Not on new refineries, brand new airports or dozens of new autobahns.

Even with a good turnaround in the future, the country might well sink into a new economic challenges as long as Nigerians see every Chinese fart as perfume. While growing up in this country in the 80's, we had tire manufacturers in Port Harcourt and Lagos. Flash and Berec batteries were produced in Nigeria, like many other brands that have since left our shores.

It's just a pity we found ourselves in this mess.
The trigger happy half educated Fulani military young men messed up the entire system since the end of the civil war.
They struggled to keep everybody at their level and it worked.

I don't understand why people are complaining about this instead of rejoicing. For all the talk of "selling off our commonwealth" and so forth, one might be forgiven for thinking there were any Nigerian parastatals that were well run! Can anyone give actual examples of such a thing? Not NEPA, not Nigeria Airways, not NITEL, and certainly not NNPC!

Privatization and deregulation are precisely what Nigeria needs right now. Get rid of loss-making, inefficient government enterprises and deregulate the sectors they operate in! If it takes an oil price crash to force the Buhari government to do the right thing, then at least one good thing has come of the current low price of oil.

Sell it. Even Saudi is selling off theirs.

Governments should not be running companies. Period!

Only thing they should run are defense, some schools and nipost.

MansaMoussa:
Why are we making it sound like rocket science to run govt institutions..is the solution to corruption outright privatisation ? Russia's biggest Oil company is State-owned and they've been doing excellent work with Siberian Oil and Gas, and negotiating good deals for the motherland..
Why our matter different?
Probe the place and shoot the corrupt, bring in fresh blood and watch it grow.

Everything in Nigeria is wired to enhance corruption...even the probe panel is not free from corruption...Nigeria's problem is like a tree...a tree that was planted in the 50s and 60s when Nigeria was young and fledgling and corruption wasn't widespread...some wise men in uniform saw what was coming but their approach was wrong...I am beginning to see some sense in Nigeria giving way to smaller and manageable federations for the very first time...we can try to work with what we have but in the longrun...sooner or later...wat will happen will happen naturally.....we got independence without war or bloodshed regardless of the 3years insanity and barbarism between 1967 - 1970 so the split will come rather as a necessity....selling our biggest asset will only create problems...investors are not saints or fools...they are all opportunists....we have to go back to that time wen that tree of corruption was planted and start afresh sooner than later...

kayfra:
Sell it. Even Saudi is selling off theirs.

Governments should not be running companies. Period!

Only thing they should run are defense, some schools and nipost.

Exactly! Thank you for being a voice of reason in a sea of ignorance.

That ineffectual Buffon was a calamity that befell my dear country. Never again we it happen.

yaki84:




obiagelli come n see news o. pls read n digest. no projects, no plans but reserves de deplete.

Following the continued depletion of Nigeria’s external reserves as a result of dwindling crude oil prices and huge demand for the green back



This is even the first sentence of the link u posted

Real Austerity measure.

Get your google adsense account
http://ejigold..com.ng/2016/02/get-google-adsense-account-in-week.html

Jesusloveyou:
can u listen to urself,why blaming pmb, did u want him to sell d oil for $100 ? Or to steal d little left by d clueless corrupt ineffitual baboon

I have noticed that you have repeatedly on this forum spelled that word like that since you first learned of it, initial i thought it was just a typographical error but you have been very consistent in the wrong usage of it. This portrays you as an unteachable scumbag who would usually delve into matters higher than his level of reasoning!

I will not bother with correcting you, but I will only ask you to tell buhari that Nigerians are still waiting for him to stabilize the international oil prices as he promised during campaigns.

StuntingBlack:
[b] Can someone please tell me the usefullness of our NNPC if I may ask? So far, observations till date only shows the NNPC as nothing but just a sack of disgrace of a federal institution that keeps failing to make any tangible impact in the life of the average Nigerian. Why then should selling this disgrace called NNPC be a problem for us? I'll rather NNPC be privatized than my life. At the very least, I stand to gain indirectly from a Chinese acquisition than from one incompetent government institution lacking integrity.

And though I may have voted Buhari with my thumbs, its quite foolhardy to keep pinning blames on the past administration (even though its a fact) rather than concentrate on resolving the current economic situation. Its already established Jonadunce is the incompetent and corrupt buffoon responsible for the current mess. But why keep blabbering over and over on the same thing instead of fixing issues?

Save words for later and address reality, oh ye APC friends!!!

[/b]

Well said

Obiagelli:


Following the continued depletion of
Nigeria’s external reserves as a
result of dwindling crude oil prices
and huge demand for the green
back




This is even the first sentence of the link u posted

the only acct that suppose to be depleted or stagnant shud be ECa not foreign reserve cos we r still generating forex not only from oil but other resources.
including monies generated from kwarapshun pait......

continentalceo:
Can this government stop Playing blames games and focus on the reality of the current state of the Economy. All I see everyday is the Past Government did this and that. Here are the reasons why I know that this government might turn out to be a scam.

Nigeria has all it takes to solve all its economic problems and still generate revenue for the government alongside.
How can they do this?

1.ROADS-If the government can go into partnership with private investors like its done in the west, by mounting toll gates on every major road and charge drivers one naira Per crossing of any tollgate to every car apart from public transport. The government then takes 20kobo and the company takes 80kobo. The company will maintain the roads and the Govenment will still generate revenue from doing nothing and Nigerians are happy to pay because the roads smooth, lightened and kept safe by the Company. Everyone wins.

2. Ban all imported items that are produced locally and encourage the Local items with available and easily accessible loan.

3. Revoke all the Oil Products Marketer's licence and replace them with giving out licence to build refineries no matter how little their capacity.

4. Power- Give free land and Minimal tax to every company that want to invest in power. Every state should have at least 5 diffrent sources of Power to encourages competition. Bring in chinese companies to come and Produce cheap solar Panel and Inverters here in Nigeria.

5. Rail- Partner with the Chinese on rail projects in Nigeria and only accept the latest rail technologies.

6. Give out Cash Awards to the best graduating student of every department in every government School in Nigeria.

7. Encourage Local Miners to get foreign Partners and Get free Minning Licence.

8. Give Nafdac Registration Number for free to any producer after Testing his/her Product and you are sure its safe for public consumption instead let them Pay taxes every year to Nafdac
.

If the government can do all these then in 5years Nigeria will be the China of Africa. We will start by exporting to other African Economies and everything will fall into place Naturally.

But if this government that I so hoped will bring change can not Put aside Party afflictions, blame games, sentiments, incessant Foreign trips,Political jargon etc and start Making tough policies then we are all screwed.

Everything you listed above are all possibilities, but they can only be vigorously pursued in a truly federal state. Anything short of true federalism, Nigeria will continue to go round and round. There is too much of mutual suspicion in the polity, our leaders are only their for themselves! The 2016 budget would convince you beyond every reasonable doubt that our leaders are just there for themselves.

True federalism in itself is not el-dorado, but it makes the states more manageable by the people for the people. And by then, carrying out Amaechi's recommendations of stoning them when they embezzle our commonwealth would not be selective and witch-hunting!

Why not put the NNPC on ebay if Alibaba won't work and Olx will do naira only.

ogtavia:


Everything in Nigeria is wired to enhance corruption...even the probe panel is not free from corruption...Nigeria's problem is like a tree...a tree that was planted in the 50s and 60s when Nigeria was young and fledgling and corruption wasn't widespread...some wise men in uniform saw what was coming but their approach was wrong...I am beginning to see some sense in Nigeria giving way to smaller and manageable federations for the very first time...we can try to work with what we have but in the longrun...sooner or later...wat will happen will happen naturally.....we got independence without war or bloodshed regardless of the 3years insanity and barbarism between 1967 - 1970 so the split will come rather as a necessity....selling our biggest asset will only create problems...investors are not saints or fools...they are all opportunists....we have to go back to that time wen that tree of corruption was planted and start afresh sooner than later...

Words on Marble

This, the analysts who spoke to THISDAY on the condition of anonymity said, the situation can only be remedied by the sale of the assets.

Weird country, analyst speaking anonymously lol

Keneking:
Amazing

seunmsg:


PDP government from 1999 to 2015 ruined NNPC with their massive corruption. Quota system or state of origin is not the problem. Corrupt Nigerians from all states in the country are the problem.

Quota system is not responsible for how GEJ turned NNPC into his ATM of corruption. Just on sunday, the entire country was shocked that Fayose collected $37million from NNPC in 2014 to fund his election. Is that the fault of quota system? The issues of the unremitted $20billion under GEJ is still unresolved and you are blaming quota system. We should address issues with sincerity instead of attempting to pass blame based on bigotry.

Partisanship and bigotry are one and the same thing. Have you bothered to ask Apc how they funded their own campaigns? Doesn't the 2016 budget of chains tell you that Apc at the centre are very poised to outdo their predecessors in office!

omohayek:
I don't understand why people are complaining about this instead of rejoicing. For all the talk of "selling off our commonwealth" and so forth, one might be forgiven for thinking there were any Nigerian parastatals that were well run! Can anyone give actual examples of such a thing? Not NEPA, not Nigeria Airways, not NITEL, and certainly not NNPC!

Privatization and deregulation are precisely what Nigeria needs right now. Get rid of loss-making, inefficient government enterprises and deregulate the sectors they operate in! If it takes an oil price crash to force the Buhari government to do the right thing, then at least one good thing has come of the current low price of oil.

Correctamondo!

Governments are inefficient in running businesses. Margaret Thatcher got UK off that road in the 80s and they all attacked her for it. Now, they have every reason to eulogize her soul. The best thing to happen to Great Britain after years of Government bureaucracy and decay.

seunmsg:


PDP government from 1999 to 2015 ruined NNPC with their massive corruption. Quota system or state of origin is not the problem. Corrupt Nigerians from all states in the country are the problem.

Quota system is not responsible for how GEJ turned NNPC into his ATM of corruption. Just on sunday, the entire country was shocked that Fayose collected $37million from NNPC in 2014 to fund his election. Is that the fault of quota system? The issues of the unremitted $20billion under GEJ is still unresolved and you are blaming quota system. We should address issues with sincerity instead of attempting to pass blame based on bigotry.

Partisanship and bigotry are one and the same thing. Have you bothered to ask Apc how they funded their own campaigns? Doesn't the 2016 budget of chains tell you that Apc at the centre are very poised to outdo their predecessors in office?!

yaki84:





zombie, gej left 30+billion dolls in foreign reserve, its now 28billion dolls...2billion gone, no projects.....abeg wetin buhari use 2billion dols do?

wetin ur clueless corrupt ineffectual baboon hero use our $20b do? From $67b in 2010 to $47b in 2011 to $29b in may 2015

Let's us pray for not another problem. [sup][/sup]

http://www.nairausd.com/2016/02/dollar-scarcity-delays-petrol.html?m=1