stanech:
Which scarcity? The one wey we dey since na wetin?

It is called preamble!.

/
NLC embarked on strike because gasoline is priced at N145/litre.
There will come a time when they will be begging to buy at N145/ltr if only they could see fuel.
\

When a government is not able to perform its duties, this is what you get...imagine a father telling his kids to source food from anywhere, maybe nieghbors, friends etc....

Avoid this economic meltdown by being your own CEO....let me teach you how...contact me..

folks4luv:
assuming we have an economic team in place, they would have foreseen this kinda prob n solve it head on, but no, we will rather have 5 media aides.

didn't they brainstorm at all before removing d subsidy? they ought to have known this prob will arise. this govt self.

Explain to me bro, which one is aan economic team?

frenchwine:

zombies above me would never cease to amuse me. How they jump to government's defense all the time makes us believe they are paid per post to defend the government. These guys are asking for assistance in sourcing forex, the forex market which fg goofed by shutting down and some nitwits are saying what I don't understand. Later you would crawl back to your miserable hole, no light, no fuel, no food. Your only consolidation is that you have charged your phone at a vendor which enables you come online and spew thrash

Explain to me how the forex market was shut down?

Some people would just come here and spew trash our foreign reserve was $47 billion Gej came and he depleted it to $27 billion now if Buhari continues to deplete it we would be in an Economic mess you people should go and ask venuzuela they are in a mess cos they depleted their foreign reserve that is why Cbn is very strict with our foreign reserve Here are the solutions until the price of oil goes high again in the international market or until our diversification is complete and until dangote refineries are working cos that refinery is gonna fetch forex for the Fg so we are in for a long thing people should stop blaiming Buhari go and ask venuzuela and zimbabwe

pmb and his team have been making negative statements about the economy generally, they have ruined the con3 with their speech...economic panic and depression everywhere! can't they b optimistic for once?

frenchwine:

zombies above me would never cease to amuse me. How they jump to government's defense all the time makes us believe they are paid per post to defend the government. These guys are asking for assistance in sourcing forex, the forex market which fg goofed by shutting down and some nitwits are saying what I don't understand. Later you would crawl back to your miserable hole, no light, no fuel, no food. Your only consolidation is that you have charged your phone at a vendor which enables you come online and spew thrash

Wailers just wail without thinking. Where do you expect government to get the dollars to assist the oil marketers? Get a printing machine and start printing dollars? You people talk as if you are not aware that our only source of foreign exchange is crude oil and it has been selling for less than $40 for the past one year, apart from sabotage of production by militants. As long as revenue from oil dwindles, every one of us will have to source our own dollars to import foreign goods. So quit wailing and do something that can earn you some dollars.

So naira has become shit...

bender79:
So naira has become shit...

Without high oil prices, naira will always be shit.

Keneking:
Jonathan sef

stale

The thing is that our government will never stop playing politics and govern this country. The only lasting solution to this problem is to free this sector completely. Legalize those small small illegal refineries. Let any one who wants to refine get his equipment and refine, sell crude to them. Train them if u want and regulate the quality. With dat u will stop vandalism, create alot of employment, correct all this forex problem, constant power supply, and build our gdp

amyzon:
The thing is that our government will never stop playing politics and govern this country. The only lasting solution to this problem is to free this sector completely. Legalize those small small illegal refineries. Let any one who wants to refine get his equipment and refine, sell crude to them. Train them if u want and regulate the quality. With dat u will stop vandalism, create alot of employment, correct all this forex problem, constant power supply, and build our gdp

You obviously have no idea of what you are talking about.
Legalize illegal refineries? Have you seen the environmental damage caused by the so called refineries? Maybe you should advice them to site the illegal refineries in your father's compound. Are you going to use illegally refined petrol in your car? Then be prepared to scrap your engine
Also write your will before you light illegally refined kerosine in your stove.
You talk as if setting up a proper refinery is like setting up pure water business, even setting up a standard pure water business will cost nothing less than N1 million. Setting up the smallest refinery would cost tens of millions in dollars, where do you want ordinary people to get that kind of money?

wirinet:


You obviously have no idea of what you are talking about.
Legalize illegal refineries? Have you seen the environmental damage caused by the so called refineries? Maybe you should advice them to site the illegal refineries in your father's compound. Are you going to use illegally refined petrol in your car? Then be prepared to scrap your engine
Also write your will before you light illegally refined kerosine in your stove.
You talk as if setting up a proper refinery is like setting up pure water business, even setting up a standard pure water business will cost nothing less than N1 million. Setting up the smallest refinery would cost tens of millions in dollars, where do you want ordinary people to get that kind of money?

Believe me we have people in this country with that kind of money or who can source the money. They are scared of government policy

SycophanticGoat:


Aham bu Chukwuebuka.. Mana, ihe'm kwuru bu eziokwu oh!

Hian, ibiakwa itinye m na high jump.

Ndi mma na aza chukwuebuka echikakwa o

[quote author=Unibenfucker post=45820748]Some people would just come here and spew trash our foreign reserve was $47 billion Gej came and he depleted it to $27 billion now if Buhari continues to deplete it .
Here are the facts: this government inherited our foreign reserve at $30b and deplete 3b in one year .http://www.tradingeconomics.com/nigeria/foreign-exchange-reserves

Babzilla:


Its like this fool intentionally creates problems even when there is none. U said remive subsidy youve had your way. Let them import fuel, now you have to create another bottleneck
Maybe he wants them to buy from the chinese
SMH

maybe

When the FG lifted subsidy and asked the marketers to source forex themselves shows we lack leadership. How will they source the forex when their is scarcity of forex in the pararel market for importers?

Expect inflation to sky rocket because the fuel markeyers will invade the already scarce forex market putting more pressure on the naira and adversely affecting every commodity in the market,prices will go up from fuel to clothing to household down to food,then their will be no one to blame but Pmb who wants to achieve everything at once.

Next time we should make sure we look for someone with a strong educational background for leadership not this old illiterate who is bent on destroying all the achievements of the past govt.

chigoizie7:


Hian, ibiakwa itinye m na high jump.

Ndi mma na aza chukwuebuka echikakwa o

Aguru'm akwukwo na Ahmadu Bello University. Esi'm Anambra State.

sbashir10:
Oyah wailer, make una start typing poooh, abeg na who una pooh don epp? How una pooh take put subsidy back? Sai baba and his cabinets

Hailer cum zombie. How subsidy matter carry concern wailers? No be una zombie been oppose am in 2012 now support in 2016! Yeye going back to their vomit!

andyview:


The Minister of Finance, Mrs Kemi Adeosun, said the payment recently released by the government to the oil marketers was one of the liabilities inherited by the current administration.

d
Do not let the government continue to deceive us. The payments of the last administration subsidy were appropriated and the Senate have to approve a supplementary budget N 380 billion that covers the payment of subsidy the the end of December .
Forget what Kemi Adeosun is telling you. The truth is that this government is not sincere. period!!

yjgm:

Explain to me bro, which one is aan economic team?

u need me to explain what an economic team is? Google is a friend of all I guess...
n bro? no way!

MaziOmenuko:
Did I not say it? I told y'all that this is not feasible. I said it that once these marketers are done selling the old stuffs they've got, we will be back to square one. The fg goofed by putting fuel price at the mercy of forex. Once dollar prices increases, fuel price will definitely increase.
Once the marketers can't get cheap forex, they will fold their arms and expect the fg to either provide forex for thenm, or allow then sell at their desired prices.

We are in for a long thing!

my fear too, we will always be at their mercy till we can locally refine what we need

bnanzip:
That you are out to do busines and you expect the government to do busines for you.
Even fishermen will soon demand for dollars.
Useless people destroying this country.
If they do not want the money in niara, let them give it to me.

It is as a result of the advanced stupidity of Buhari.

SycophanticGoat:


Aguru'm akwukwo na Ahmadu Bello University. Esi'm Anambra State.

Haaa, nwanne, nke a akarigom

Seems like things are about to get worse...

chigoizie7:



Haaa, nwanne, nke a akarigom

LoL! Agwara'm gi na imaghi'm iche na'm na atu asi.. I'm just a random poster on here oh...

bnanzip:
That you are out to do busines and you expect the government to do busines for you.
Even fishermen will soon demand for dollars.
Useless people destroying this country.
If they do not want the money in niara, let them give it to me.

But govt can propose grazing fields for herdsmen who are also business men abi.

Until we do the right thing we will not get out of this mess and this APC govt seem to be confused.

The question is - what is the Right thing?

Regionalism while we still remain as Nigeria.

yea yea my luv, they really are the dumbest teams of experts.NO ECONOMIC TEAM, no brain storming, no listening to professional advice from experts, this our aboki get ego problems, he seem to have issues with trust,, his trusted aboki aids wont be able to give him sound economic advice, hence the rest southern guys around him, he cant seem to trust, .He should have known that once this dollar get scacrced ,the fuel price will still go up, but they were so dumb to think that the price will remain fixed.ONE CHANCE GOVT . though I voted this govt in, I wont regret at all, I still stand with my grand UNCLE P M B!!

folks4luv:
assuming we have an economic team in place, they would have foreseen this kinda prob n solve it head on, but no, we will rather have 5 media aides.

didn't they brainstorm at all before removing d subsidy? they ought to have known this prob will arise. this govt self.

wirinet:


Wailers just wail without thinking. Where do you expect government to get the dollars to assist the oil marketers? Get a printing machine and start printing dollars? You people talk as if you are not aware that our only source of foreign exchange is crude oil and it has been selling for less than $40 for the past one year, apart from sabotage of production by militants. As long as revenue from oil dwindles, every one of us will have to source our own dollars to import foreign goods. So quit wailing and do something that can earn you some dollars.

Just listen to urself, did the last administration give them dollars? The right economic policies would liberalize the forex market and we'd move in the right direction. When you support a dullard, you become worse than a dullard

wirinet:


Wailers just wail without thinking. Where do you expect government to get the dollars to assist the oil marketers? Get a printing machine and start printing dollars? You people talk as if you are not aware that our only source of foreign exchange is crude oil and it has been selling for less than $40 for the past one year, apart from sabotage of production by militants. As long as revenue from oil dwindles, every one of us will have to source our own dollars to import foreign goods. So quit wailing and do something that can earn you some dollars.

So if the almighty govt cannot get dollars it is the Marketers that would be able to get dollars from heaven.


After calling them 5% you want to take the oil from there place to continue to feed the 97% and think some of them are not as irrational as the president when he made the 5% statement and they are exhibiting their irrationality by blowing up oil facilities.

Until we do the right thing we will continue to suffer unnecessarily.

AceRoyal:
Hahahahahahaahahahahahaahahahahahaha
Just when you think it can't get any worse,this government pulls off another negative stunt

Who would they blame this time

As in the body of the history!......


".......The Minister of Finance, Mrs Kemi Adeosun, said the payment recently released by the government to the oil marketers was one of the liabilities inherited by the current administration...."