₦airaland Forum

nairalanda1:
Maybe, but the problem with the oil sector always has been selling petrol below what it costs to make it, or what it costs to import it.

Subsidizing petrol is a very expensive thing. That's the real reason why protests don't work. Even the famous 2012 protests did not work because at the end fuel prices still rose... because subsidy costs in 2011 were thrice that in 2010. If GEJ had not removed subsidy partially, by 2014 he would have been using the entire budget to pay for subsidy. And, that is not funny.

Even if we protested now, and tinubu listened and set prices at 100 naira, subsidy costs would exceed 1000 per liter. Over 70% of our budget would go to paying subsidy. The resultant deficit would need loans to cover. More loans. Already the subsidy we have now is forcing govt to take more loans.

Not everything is tribe. If obi was president today, the same issue would be there.


All in all, you sell at a loss, problems start. In 1984 government was forcing people to sell sugar , milk and bread at knock down price to help the poor. Result, people selling could not make a profit to buy new stock, scarcity resulted. We don't have that today because subsequent governments did not repeat that mistake

nairalanda1:
Has nothing to do with triblaism and everything to do with running away from the reality of capitalism

You sell something at 720 that cost you 1000 naira to bring in, and you don't expect there to be issues?

StreetFight:
What happened to the dead? Has their death been withdrawn or reversed. If you let Ogun drink your blood and use you for sacrifice, na you know ooooooo

Kobojunkie:
Physical protests does not work in the Nigerian context. This we know. However, Nigerians have since 1999 had a weapon they have for reasons best known to them refused to use. Now is the best time to start using that very weapon and to do so as freely as possible before it is deprived them by the criminals in power. Their power to vote out their incompetent (both elected & non elected(talking of those who rigged themselves into power)) representatives both at local and national levels lies dormant to this moment and really ought to be activated at this point in time. Or at least before the future for this generation,and others after have been completely shattered by the thieves in power.

Kobojunkie:
The Kenyans protesting are not doing so for a one Kenyan but for the fact that they all do not want to be taxed to death. Stop brandishing this one Nigeria. It is not a good enough excuse because no one region in that country is clean as far as corruption and criminality have become the daily reality. Even if you split Nigeria into 100 parts, I can guarantee you that these same problems will continue to affect every single partition and will continue unabated until the people stand to fight it head-on.

JagabanB:
INEC didn't promise you e-voting system.
Some of you just wake and type garbage.