ugonology:

But this cheapness is it in price or in value?
Sometimes I wonder how we Nigerians reason... we are already on queues fighting and quarreling to buy petrol at 300, yet we resist to allow it officially!

Well I trust Nigerian politicians, they will soon tell us that our petrol cargo shipments were attacked by russian forces, and the ensuring scarcity will force the price to 500/litre. It's a game a perching birds and aiming hunters!

backbencher:


It is a difficult thing arguing for subsidy removal here on this site.

Most Nairalanders support it unreservedly. Even when they get what you say...the fact is, cheap fuel is what they want.

sammhi:

Did you go to school at all ? You think capitalism is only way to run a country ? If you don't subsidize then you actually handing your citizens to corporation for milking . A growing economy need industries and subsidies if not you run your country to become an imperial state ...very rich few and very poor many
Subsidy is not the issue ...
What should govt do ?
1. Priotise projects
2.cut down coat of governance
3. Make use of available resources to build industries
4. Encourage export by providing conducive environment for business
5. Encourage FDI by lower tax
We can go on and on ....
What we do currently is revenue draining And is the cause of revenue loss..where Government sell crude and import refined fuels .it's absolute madness .it is a recipe for disaster in any angle
I was hoping Buhari by 2015 wil prioritise building mid size refineries to solve and abolish our dependence on importation of refined crude . This will also create wealth , earn government foreign exchange and reduce pressure on the Naira . Now we are waiting for Dangote which in a sense is wrong as you are ultimately placing your citizens welfare in hands of one man. we should have as many refineries as possible . That way there is competition that can lower prices
Instead of borrowing money to bud rails , it should have been used to build refineries...
Rail is not an immediate need

brandsoncharlie:

Jonathan paid subsidy too. What happened then? The minister of petroleum in the person of Diezani madueke looted 90 billion dollars plus other assets in her possession despite the $100 dollar price in crude oil.
Subsidy has nothing to do with this, these mumu African leaders are born criminals.

nedu666:


Subsidy is not Nigeria's problem. Corruption is the problem. They tell u Nigeria does not have money but politicians, contractors, friends, etc have been steadily stealing money since 1970. Imagine wat all the billions of dollars stolen can do in Nigeria

proclinician:


If you fix power, fuel consumption will drop by 40%. Why didn't you capture it in ur nonsense analysis abi ur mind no reach.

Imoleholuuu:

I'm not an expert yet o. I have a course I can give you. It's really good. Don't buy that yet.

LandMann:
Open a binance account... Start buying BTC, DOT or ADA with the money every month now that the market is crashing... By 2024 when the next bull run comes with the BTC halving event, the value of your money will go up...

Or use the money to buy original gold every month and store it safely till when you need it.

If you save your money in any bank, inflation will eat it away and you'll be surprised at how much the real value of your naira will be by the time you need it.

With Nigeria preparing to elect another old useless leader and the US preparing to actively defend the dollar by raising interest rate, the future doesn't look good for the country and the currency.

Cheers

spyder880:


To build this size of house from start to finish, materials, workmanship and supervision in Asaba, Delta state will cost about N45 - 48m in today's money. Things are very costly now.

spyder880:


Carcass or completion till finish?

spyder880:
This project has been put on hold. A few incidents not related to this contract has cropped up to cause a delay on our start of this project. I was in the site a few days ago.

Awaiting for an all clear for us to return to site and start this building. Thanks all.

Dubemcapital1:



You mean the main building ?