FOREX: Nigerians Will Continue To Suffer, Pending Massive Refining – Kachikwu - Business (3) - Nairaland
Nairaland Forum › Nairaland General › Business › FOREX: Nigerians Will Continue To Suffer, Pending Massive Refining – Kachikwu (19810 Views)
| Re: FOREX: Nigerians Will Continue To Suffer, Pending Massive Refining – Kachikwu by LordAdam: 6:25am On Aug 22, 2016 |
| Re: FOREX: Nigerians Will Continue To Suffer, Pending Massive Refining – Kachikwu by HAH: 6:58am On Aug 22, 2016 |
[quote author=Reference post=48691202]Reasonable. And what Kachikwu is saying is true but my concern is that he is spicing it with a bit of scaremongering so that typically the Nigerian will run screaming for the doors demanding 'government action' which means the tradition of corruptive intervention. In Nigeria we make fires to make money. The refineries should be let loose even if 101% of our fx is spent on fuel imports. Not a penny more should be spent on trying to wake a dying, dead horse. Suffering is the tonic of the soul. Nigerians want omlettes without eggshells in thre 100% right and truly he is just scaremongering to get more money for unending fruitless TAM, the only solution is selling the refineries |
| Re: FOREX: Nigerians Will Continue To Suffer, Pending Massive Refining – Kachikwu by HAH: 6:59am On Aug 22, 2016 |
Reference:You are 100% right and truly he is just scaremongering to get more money for unending fruitless TAM, the only solution is selling the refineries |
| Re: FOREX: Nigerians Will Continue To Suffer, Pending Massive Refining – Kachikwu by Reference(m): 7:05am On Aug 22, 2016 |
Sibrah:Then you downsize to what you can afford but what is the government doing, further employment: CBN, FIRS, Immigration, Police, etc. Instead of getting smarter it is the same old profligacy. What do you expect. If Nigeria was a business, your business, will you increase staff when your sales are down. Will you not find the technology to slimfit into your earnings. Unmitigated expansion in times of abundance is reckless, in times of want is just crazy. No wonder they hate the IMF and its austerity message so much, they hate the truth yet are crying and finger pointing. Who cares about what the past administration earned. You might as well go back to Gowon to ask what the size of the civil service was. I repeat again, if the next administration is faced with an oil price of 15 to 20 dollars, will it be right to crticize the present one. Am waiting for credible answers. |
| Re: FOREX: Nigerians Will Continue To Suffer, Pending Massive Refining – Kachikwu by Reference(m): 7:18am On Aug 22, 2016 |
HAH:As poor as public service is in Nigeria, when the telecom networks do their usual upgrades all you get is a text message, annoying service disruptions and then its back again in a jiffy with lots of apologies. Same for banks, same for tv stations, same for airlines, etc. When it comes to petroleum everyone in Nigeria knows when the damn refineries break down and to maintain them or repair them is a national event with debates, talking drums, lightning and thunder. Abeg is a refinery infinitely more complex than a cement plant and Dangote has several of them and I cannot remember any time cement became scare because of TAM. The private sector is leagues ahead of government in handling business and industry. All a well meaning, sincere government needs to do is create the stage for the actors and do all it takes for them to put up a five star performance. Even PHCN since privatisation is striving to come out of the grave of despair. The lame excuses are receding. |
| Re: FOREX: Nigerians Will Continue To Suffer, Pending Massive Refining – Kachikwu by amazingspiderma: 7:20am On Aug 22, 2016 |
HAH:You are absolutely right. But privatization of the refinery will be an uphill task, as the cabal and their kit and kin will strongly oppose it. Dangote refinery is good,but the government would have to provide an equal playing field for multiple private investors just like they did in the telecoms sector . If not, we will be in for a huge monopoly. |
| Re: FOREX: Nigerians Will Continue To Suffer, Pending Massive Refining – Kachikwu by 989900: 7:35am On Aug 22, 2016 |
Reference:Why? |
| Re: FOREX: Nigerians Will Continue To Suffer, Pending Massive Refining – Kachikwu by Lescott7(m): 7:46am On Aug 22, 2016 |
This man has said the truth,we are already feeling it but the funniest part is that one APC chieftain or the minister of information will come to disown this statement hoping to keep deceiving us. |
| Re: FOREX: Nigerians Will Continue To Suffer, Pending Massive Refining – Kachikwu by HAH: 7:57am On Aug 22, 2016 |
Reference:You absolutely right |
| Re: FOREX: Nigerians Will Continue To Suffer, Pending Massive Refining – Kachikwu by Sibrah: 9:21am On Aug 22, 2016 |
Reference:The number of staff being indirectly imposed on FG by states easily dwarfs anything the FG can erroneously impose on itself. It seem you forgot that between the time of $15-20pb of oil and now Yar'adua govt increased FG staff salary, lawmakers at Abuja and almost all states increase their pay. The sole fact that the previous admin was borrowing to pay salaries at $55pb of oil and the current admin isn't borrowing at $45pb- of oil has already given this admin good score mark. |
| Re: FOREX: Nigerians Will Continue To Suffer, Pending Massive Refining – Kachikwu by Sibrah: 9:27am On Aug 22, 2016 |
Reference:Please don't forget that our govt gets 52% of our earnings as a country. Truly fuel isn't a social service but our govt failed us by not stepping in after she failed woefully to provide the right environment. |
| Re: FOREX: Nigerians Will Continue To Suffer, Pending Massive Refining – Kachikwu by Nobody: 1:22pm On Aug 22, 2016 |
Funny how those who metted out the suffering are bogus and still rich. Ironic how the richest people in Nigeria are northerners and the poorest people are also northerners. |
| Re: FOREX: Nigerians Will Continue To Suffer, Pending Massive Refining – Kachikwu by micfoley: 12:21am On Aug 23, 2016 |
I've already figured this out. My question is can't we fast track Dangotes refinery? |
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