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Politics › Re: NNPC slashes crude buyers from 43 to 16 by Willhenry123: 12:12pm On Aug 28, 2015

atlwireles:
Stop all these window dressing about sales of crude oil. You have tankers filled with oil without any purchase orders Nigeria oil is floating over the seas looking for spot buyers, yet you are telling lies here about reducing buyers, you don't have.

when you tell them the state of things, they cry blue murder. Please educate them on the state of affairs. Some people sit in their houses and type not knowing that Nigeria is heading to serious financial constraints. Reality check for nigerians, there are very few crude buyers left now

Politics › Re: NNPC slashes crude buyers from 43 to 16 by Willhenry123: 11:53am On Aug 28, 2015

veraponpo:
So, who told you that this is a free market?

This is a market that is regulated and supported by the government. Subsidies are paid on imported products and NNPC determines who supplies what . Some crude products go to refineries, etc. It has never been a free market, hian?

last I remembered Nigeria was a capitalist economy. You need buyers sir. You don't regulate people you need. Our economy is based on crude about 70%, last I heard the nigerian government was practically seeking for new buyers so I'll take this news with a pinch of salt. The people who should be regulated are sellers and not buyers. Lastly,, crude buyers have nothing to do with subsidy. Let's watch and see the economic outcome of this policy, but I still have my doubts

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Politics › Re: NNPC slashes crude buyers from 43 to 16 by Willhenry123: 11:23am On Aug 28, 2015

nobody holds a monopoly on knowledge, the issue is not regulating the buyers, if they want to stem corruption, they should regulate the sellers. Many people are no longer lifting nigrrian crude, and he is cutting down the few willing ones. We mAy beg them to come back later. This is not politics sir, its pure demand and supply economics

4ubootyman:
So you know more than Kachukwu?

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Politics › Re: NNPC slashes crude buyers from 43 to 16 by Willhenry123: 10:58am On Aug 28, 2015

This is actually not a good move. In a free market, buyers should be encouraged to buy, this will help drive up demand. Artificial scarcity by hoarding may be counter productive as there are many alternatives in the global scene. This may not end up well for the economy

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