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Nairaland Forum / Nairaland / General / Politics / Expensive Diesel, Expansive Economic Crisis (15137 Views)
Nigeria Facing Worsening Economic Crisis, Says IMF / Economic Crisis: Governors Advise FG To Pay Off Civil Servants Above 50 / Kaduna State Adopts Measures To Respond To Looming Economic Crisis (2) (3) (4)
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Re: Expensive Diesel, Expansive Economic Crisis by Nobody: 9:38am On Jun 28, 2022 |
Tianamen1: The PDP blame game should stop pls. |
Re: Expensive Diesel, Expansive Economic Crisis by incandescentena: 9:38am On Jun 28, 2022 |
I keep saying it. The managers of Nigerians economy have NO IDEA of what they are doing. BTW Where is the so called "Buhari's economy advisory team"?including BISMARCK REWANE, SOLUDO, SARAH ALADE, SALAMI? Buhari and his team has failed woefully 1 Like 1 Share |
Re: Expensive Diesel, Expansive Economic Crisis by SIMONEKPA7: 9:39am On Jun 28, 2022 |
[quote author=Tianamen1 post=114212304]Dear Author, Nigeria's current problems with inflation stem for decisions made in the last 12 years. Decisions such as GEJ not saving funds in the excess crude account, to Buhari not raising taxes on the rich and/or reducing recurrent expenditure (reduced compensation for public servants and reducing the number of MDA's) Zombie pls remember, this is 2022. You are still blaming GEJ. Haba Guy |
Re: Expensive Diesel, Expansive Economic Crisis by Mariezaza1(m): 9:39am On Jun 28, 2022 |
Tianamen1:so you are supporting kwankwaso despite admitting that obi is the most competent? people like you are the reason why Nigeria is still where it is 1 Like 1 Share |
Re: Expensive Diesel, Expansive Economic Crisis by bravehost4u(m): 9:40am On Jun 28, 2022 |
Tianamen1:You succeeded in taking rubbish. All you spoke about is tax increase and income reduction in the midst of a dwindling household disposable income caused by inflation |
Re: Expensive Diesel, Expansive Economic Crisis by Nobody: 9:40am On Jun 28, 2022 |
richiemcgold: So how do we fix power supply then? With cost of power below the cost of production of it? 1 Like |
Re: Expensive Diesel, Expansive Economic Crisis by Nobody: 9:42am On Jun 28, 2022 |
Icumsa45: You did not see where he blasted Buhari. 1 Like |
Re: Expensive Diesel, Expansive Economic Crisis by Nobody: 9:42am On Jun 28, 2022 |
Zico5:Pls how? Don't fucking tell me that shitty story of how he built Lagos, cuz anyone that knows history without a tribalistic mindset knows it's all a lie. How would he change Nigeria's fortune? Was he not the one that "sold" Buhari to Nigerians?. Is he not the one running the affairs of Lagos, osun etc, indirectly through Godfatherism?. Is he not the one having "agberos" littered all over the streets of Lagos, remitting billions to him and making life unbearable for commuters, passengers and conductors?. Have u even listened to his speech on how to revive the economy?. Those talks are so flawed that it would bury the economy totally. Or is it how he and his family runs Lagos like a personal property, in one scandal or the other?. You all claim he's educated and all, but an educated person that talks about employing 50 million youths and feeding them with agbado and the likes?. Even my cousin sis in primary 5 would come up with something better. We all know how that of Buhari went. Spending half his tenure outside the shore of the country from one sickness to the other. Mere looking, Buhari is more fit physically than Tinubu. Y'all are trying to sell a sick octogenarian that lacks fitness and has no clue on how to save this country due to your sickening tribalism. Well that has always been you guys nature, I m not surprised. As long money greases your palms once in a while. Nigeria is a mess and neither Atiku nor Tinubu can save it, both are just doing so for their own personal gains. 1 Like 1 Share |
Re: Expensive Diesel, Expansive Economic Crisis by Nobody: 9:43am On Jun 28, 2022 |
SIMONEKPA7: He did criticise buhari..read again. |
Re: Expensive Diesel, Expansive Economic Crisis by Crafteck1: 9:43am On Jun 28, 2022 |
verygoodbadboi: Amen 1 Like |
Re: Expensive Diesel, Expansive Economic Crisis by KingsArome(m): 9:43am On Jun 28, 2022 |
Tianamen1: Do we really need diesel if the country generate electricity? or why are we not talking about that? |
Re: Expensive Diesel, Expansive Economic Crisis by Nobody: 9:49am On Jun 28, 2022 |
verygoodbadboi: I am not here to defend buhari. I never voted for the guy. I also am not going near any party or movement with Tinubu and atiku and obi. Diesel is high because GEJ deregulated it in 2013. And he did so because it chopped our money subsidizing it. We don't have enough forex to buffer our naira because low oil prices from 2014 to 2021 affected our forex earning, and made us borrow to keep our heads above water. And because we had to pay billions to subsidise petrol otherwise it would have cost 500 naira now. And yes i blame apc for not diversifying the economy. The fault is ultimately theirs |
Re: Expensive Diesel, Expansive Economic Crisis by airminem(f): 9:50am On Jun 28, 2022 |
Flier:Failure of the economy lies on the govt 2 Likes |
Re: Expensive Diesel, Expansive Economic Crisis by Nobody: 9:51am On Jun 28, 2022 |
KingsArome: Power is in a bad state because the government subsidizes power which makes it difficult for discos and GENCOS to set their prices above what it costs to produce that power so that they can make a profit to pay for the much needed improvements. Remember government has largely privatized power |
Re: Expensive Diesel, Expansive Economic Crisis by vanunu: 9:52am On Jun 28, 2022 |
richiemcgold: Buhari should not have been president, those that voted him into power are nothing but ideoots and foools, the buhari's useless administration should have started the second national electricity grid instead of the gas pipeline he is building from from kogi state to Kano. |
Re: Expensive Diesel, Expansive Economic Crisis by Nobody: 9:54am On Jun 28, 2022 |
Flier: Subsidy on fuel for decades is a big reason why we dont have refineries. Unless you are Dangote and bua, a refinery with subsidy on petrol is a potential loss making refinery. And even then you can just simply export and not sell to Nigeria |
Re: Expensive Diesel, Expansive Economic Crisis by SouthSouth1914: 9:57am On Jun 28, 2022 |
Penguin2: Very nonsense guy with inept analysis, stupidly writing trash from his small brain!! The decrepit state this current government has led us was absolved in his oluwole analysis! |
Re: Expensive Diesel, Expansive Economic Crisis by Snitch24(m): 10:01am On Jun 28, 2022 |
richiemcgold: Bro you just wrote out my mind All other theories above is not visible with the current economy structure Alot has happened this past years And the people are the problem We see alot of errors and choose to ignore then when the effects come we blame the people we elect our self In my own point of view there's never been a free and fair election ever since I became sane |
Re: Expensive Diesel, Expansive Economic Crisis by Zico5(m): 10:04am On Jun 28, 2022 |
Maryjane001:I don't need to argue with u. Statistics is showing clearly that u guys are not serious. With the way u are shouting Peter Obi up and down, u still could not register for PVC. In Ur mind now Peter Obi is the only one that can lead this country to the promise land. It will clear from Ur eyes soon. |
Re: Expensive Diesel, Expansive Economic Crisis by Ezeh0505: 10:05am On Jun 28, 2022 |
Tianamen1:this is beautiful but I don't know how beautiful it is because obj have the power to remove subsidy but what did he do you blame GEJ, what of our electricity he spend so much amount of money what is result you blame GEJ but form EFCC to stop his oppositions he use our money that belong to me and you to bribe people for his third terms every country wipe away dept or can I tell us here how he paid Germany , USA or Swiss and world bank. My advice here is may not continue to blame orders for failures, if you want to blame people like Yoruba's and northern |
Re: Expensive Diesel, Expansive Economic Crisis by Nobody: 10:07am On Jun 28, 2022 |
Sad that on this site someone makes a comment and is met with abuse. 1 Like |
Re: Expensive Diesel, Expansive Economic Crisis by Festy4u(m): 10:07am On Jun 28, 2022 |
emmabest2000: And, o boy! Didn't they handled it so well! ![]() 1 Like 1 Share |
Re: Expensive Diesel, Expansive Economic Crisis by okoroemeka(m): 10:11am On Jun 28, 2022 |
richiemcgold:you are taking it too far,just 12 hrs of steady reliable light everyday will solve 50% of our problems 2 Likes 1 Share |
Re: Expensive Diesel, Expansive Economic Crisis by anonimi: 10:15am On Jun 28, 2022 |
kingyakos: https://www.premiumtimesng.com/news/98281-anambra-governor-peter-obi-in-brewery-ownership-scandal.html Because you asked for it. ![]() Hopefully the PT link cures your hypnotism. ![]() 1 Like |
Re: Expensive Diesel, Expansive Economic Crisis by Nobody: 10:26am On Jun 28, 2022 |
Zico5:Oh, spare me that stale talk. What has any of your old recycled corrupt politicians done if not to worsen the whole situation?. Tinubu is not one either to lead this country to any promise land. By the way bro, come back to reality. The worst is yet to hit us. Nigeria is going to no promised Land at this rate. Brace up, even naira to Dollar would hit 1500 soonest since we all don't want to have sense. 2 Likes 1 Share |
Re: Expensive Diesel, Expansive Economic Crisis by RepoMan007: 10:29am On Jun 28, 2022 |
Tianamen1: How much is Buhari saving now that oil prices are high? Learn to criticize with some balance. Our structure is a demonic one where the things that reverses bad economic fortune are stifled. That's why from one administration to the other as time progresses, things are on a downward slope and only the rate of that slope varies according to performance of the leaders. All the top oil producing countries practically own their oil assets and make good use of those assets for jobs and earnings. Ours is a different story. Instead where are being brainwashed to believe that refinery can only work when privately owned. |
Re: Expensive Diesel, Expansive Economic Crisis by Nobody: 10:39am On Jun 28, 2022 |
verygoodbadboi: Is it Buhari that made diesel to be sold at 850 per litre? No. Nigeria cannot afford to pay subsidy on Diesel. Nigeria cannot peg dollar to naira rate, it is a bad economic theory. Demand and supply must be allowed to regulate exchange rate. Government can only work on factors controlling the forces of demand and supply of foreign currencies. Until we can produce locally most of the things we consume, we shall continue to have this type of problem. Nigerians rejected Obasanjo 3rd term. Obasanjo is a Messiah to Nigeria. There could be other Messiah, but till date, Obasanjo is a Messiah. If the 3rd term had been allowed, Nigeria would have gone far. Refineries that were privatised would have been functioning well and other refineries would have been built. IPP which Obasanjo started which was suspended for almost 3 years and later haphazardly implemented would have been successfully completed. Dangote tried. He is a man of Courage. You cannot carryout such a gigantic refinery project under duress and tension. Yaradua came and reversed the sale of refineries Obasanjo fought to sell. If those refineries have been left in the hands of Private sector, the Diesel crises we are having today would not have been there. It would have impacted on the economy and generates millions of jobs directly and indirectly. Now, whenever there is energy crisis, Dangote will be under tension. As I have said, the only option for Dantata family and Dangote is to work for Tinubu to win Presidential Election. Dangote himself knows Tinubu's Presidency is a done deal for the completion of that Refinery. Many people hate Dangote, they never wanted that refinery to be completed. Against all odds, Tinubu will support that project for completion. Nigeria would overcome her problems. 3 Likes 1 Share |
Re: Expensive Diesel, Expansive Economic Crisis by Ojuntana: 10:39am On Jun 28, 2022 |
Tianamen1:Are you aware crude oil has crossed $100 since beginning of this year. Where is Buhari's savings |
Re: Expensive Diesel, Expansive Economic Crisis by AlphaTaikun: 10:39am On Jun 28, 2022 |
NwaNimo1: |
Re: Expensive Diesel, Expansive Economic Crisis by Ojuntana: 10:44am On Jun 28, 2022 |
This opens Nigeria up to supply-side shock, especially during global crisis, and Nigeria is not importing enough diesel to meet local demand, which invariably forces the price of diesel up Subsidywise18 aka backbencher where's your massive investment in diesel? It's been over ten years since subsidy was removed from diesel and handed over to importers and marketers. You're now Subsidywise20. Oya com and explain why the profits being made from diesel has not been invested into refineries and jobs. |
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