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7 Challenges Nigerians Will Face As Petrol Deregulation Begins, No 6 Is Sad - Politics - Nairaland

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7 Challenges Nigerians Will Face As Petrol Deregulation Begins, No 6 Is Sad by Crystal70200: 2:04pm On May 13, 2016
1. Protests The decision to deregulate petrol has torn Nigeria into those for and those against the removal of subsidy. On social media, those who are angry have begun mobilisation for a re-enactment of the 2012 #occupyNigeria which almost claimed the country. An oil refinery. Surprisingly however, most of those who partook in the 2012 edition may not likely be active this time.

2. Increased agitation by organised labour The time has come for the Nigeria Labour Congress and the Trade Union Congress to consolidate on their agitation for an increment in the minimum wage of the country’s workers. Currently the minimum wage is N18,000 and labour recently demanded for N56,000, an amount the government says it is still considering.

3. Commendation from IMF, WORLD BANK The duo of the International Monetary Fund (IMF) and the World Bank may have won in the call for Nigeria to carry out full deregulation sector as well as remove subsidy.

4. Sale of refineries Nigeria has four refineries which have gulped billions of dollars in maintenance, yet have not met expectation. It has always been sad news of low output. As reported, Kachikwu says Nigeria is currently speaking with Total, Chevron and Agip to see how a partnership deal could be struck concerning the refineries.

5. Passage of petroleum industry bill With the deregulation of premium motor spirit, the National Assembly could now be motivated to pass the petroleum industry bill to now give total deregulation to the sector.

6. Naira devaluation Did you just say it is not possible? In Nigeria, anything is. After all, President Muhammadu Buhari, in 2015, argued that it was not the best to increase pump price because it would affect other sub-sectors of the economy. He has also constantly argued that there was no serious reason to devalue the naira, but Nigeria is currently facing two-digit inflation and the citizens are not smiling.

7. Delayed economic recovery Though Kachikwu has promised that the price of petrol would stabilise in about six months, many still believe that the economy will take time to recover, especially with a president who believes in ‘slow and steady

Source: https://www.naij.com/828855-7-challenges-nigerians-will-face-petrol-deregulation-begins-no-6-will-affect-everybody.html
Re: 7 Challenges Nigerians Will Face As Petrol Deregulation Begins, No 6 Is Sad by Mutuwa(m): 2:08pm On May 13, 2016
"...those who are angry have begun mobilisation for a re-enactment of the 2012 #occupyNigeria which almost claimed the country. An oil refinery. Surprisingly however, most of those who partook in the 2012 edition may not likely be active this time".

undecided

Back in 2012,aside sentiments and other forms of divisions,the then erstwhile government tagged "corrupt government" were likely to mismanage and squander subsidy funds by those entrusted with it.

while the nation may record little or no rancor this time around, is simply because,they know the subsidy funds this time,would be well managed and not squandered fantastically.I stand to be corrected with cogent reasons that it will be mismanaged.

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Re: 7 Challenges Nigerians Will Face As Petrol Deregulation Begins, No 6 Is Sad by chikel2000(m): 2:30pm On May 13, 2016
No7 looks more like a promise to me n one thing I know is dis; when it comes to promises n dis present APC, its nt feasible. It were better for cats to make friends with rats than for APC to maintain their promises
Re: 7 Challenges Nigerians Will Face As Petrol Deregulation Begins, No 6 Is Sad by OKKO(m): 3:48pm On May 13, 2016
Mutuwa:
"...those who are angry have begun mobilisation for a re-enactment of the 2012 #occupyNigeria which almost claimed the country. An oil refinery. Surprisingly however, most of those who partook in the 2012 edition may not likely be active this time".

undecided

Back in 2012,aside sentiments and other forms of divisions,the then erstwhile government tagged "corrupt government" were likely to mismanage and squander subsidy funds by those entrusted with it.

while the nation may record little or no rancor this time around, is simply because,they know the subsidy funds this time,would be well managed and not squandered fantastically.I stand to be corrected with cogent reasons that it will be mismanaged.

I disagree with this idea you ppl are sharing that GEJ govt was corrupt and untrustworthy as at 2012 just less than one year after he took over power in May 2011. It is a fat lie. Ppl believe GEJ die that time...in fact it was attempt to remove subsidy that brought his political down fall.

There is always this usual/normal reaction against price hike of public utility...GEJ was politically naïve he consulted poorly, labour reacted as they are reacting now...but he allowed the opposition and his political enemies to hijack the protest.

Today PMB too has poorly consulted but he is lucky to have both labour, political jobbers, MURIC, "born to rule" and "sophisticated west" under his foot. He will escape unscratched.
Re: 7 Challenges Nigerians Will Face As Petrol Deregulation Begins, No 6 Is Sad by Mutuwa(m): 4:09pm On May 13, 2016
OKKO:


I disagree with this idea you ppl are sharing that GEJ govt was corrupt and untrustworthy as at 2012 just less than one year after he took over power in May 2011. It is a fat lie. Ppl believe GEJ die that time...in fact it was attempt to remove subsidy that brought his political down fall.

There is always this usual/normal reaction against price hike of public utility...GEJ was politically naïve he consulted poorly, labour reacted as they are reacting now...but he allowed the opposition and his political enemies to hijack the protest.

Today PMB too has poorly consulted but he is lucky to have both labour, political jobbers, MURIC, "born to rule" and "sophisticated west" under his foot. He will escape unscratched.

you have,by way of circumlocution said the same thing I wrote down.what is the big deal then?
Re: 7 Challenges Nigerians Will Face As Petrol Deregulation Begins, No 6 Is Sad by mars123(m): 5:13pm On May 13, 2016
OKKO:


I disagree with this idea you ppl are sharing that GEJ govt was corrupt and untrustworthy as at 2012 just less than one year after he took over power in May 2011. It is a fat lie. Ppl believe GEJ die that time...in fact it was attempt to remove subsidy that brought his political down fall.

There is always this usual/normal reaction against price hike of public utility...GEJ was politically naïve he consulted poorly, labour reacted as they are reacting now...but he allowed the opposition and his political enemies to hijack the protest.

Today PMB too has poorly consulted but he is lucky to have both labour, political jobbers, MURIC, "born to rule" and "sophisticated west" under his foot. He will escape unscratched.
by 2011 jonathan was having his third year as president don't forget. by then his SS brothers too were confused why he hadn't done anything for them.

Jonathan's destiny for Nigeria was to stabilise our democracy and he will be remembered for it.

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