Nigeria’s Economy and Fuel Crisis in Focus -Chiko/Ekechukwu
Nigeria’s Economy and Fuel Crisis in Focus -Chiko/Ekechukwu
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Olodo professors. I hope they’ve stopped teaching.
https://music.youtube.com/watch?v=kyrL4u8X_Qo&si=JkwkVLw5snX6fCS_
Shame on you APC Junta Cabals, You constitute the triumvirate of infamy that history will record as destroyers of the black man's dreams – degraders of Africa's most endowed, most populous and most promising country..‼️YES BIAFRA💢 YES YORUBA NATION 🌴ONLY NIGERIANS SOLUTION
The biggest factor influencing petrol prices, is the crude oil price, since Nigeria imports a significant portion of its crude oil, moreover the fluctuation in the international market, directly impart domestic price, when global crude oil price rises, petrol price rise domestically,.
Moreover this affects the price of commodity in the country, nevertheless if we have petroleum reserves, we can resist fuel prices hike.
China plans for 50 -100 years in advance. They have started the plan of sending men (just men) to 'help' building the infrastructure. They will find a african wife , which will qualify them to enter the political field. Its for the resources!! The African leaders are busy looking at the shiny objects and not thinking g longterm…. unfortunately.
Fuel Crisi sha
Two brains speaking wisdom… Presenter was also wonderful
I hope Nigerians will not listen with the filters of tribalism…
We have no choice but to accept China's gifts which we know is an investment… But is the west better?…
I don't like the Chinese but the Americans are not better… All wolves in sheep's clothing.
God bless you
If the head is corrupt the whole body will be corrupted too.
What is the population of NLC members?
Is Nigeria all about NLC ?
Millions of Nigerians don't work for government.
We have no government. This is chaos.
At least that was very loud and clear enough. WE ARE NOT ONE! One of the most bitter truth Nigerian MUST swallow. We can't be one.. impossible
These have it all without being biased or any form of nepotism. The point has been made clearly that we're not one in Nigeria. And that is it!
How do we expect those who bribed, rigged, killed and maimed to be in office will do anything for the poor masses?
The answer is that manager of our economy in Nigeria are all criminals.
Same old narrative without any reasonable progress. There was a country!
Companies shutting down
People's health going down
High rate depression
Yet You're talking about IGR.
UNA HEART NO GO TOUCH GROUND.
PEOPLE ARE HUNGRY
PEOPLE ARE DYING OF HUNGER
WHAT IMPACT HAS BORROWED FUND MADE SO FAR.
YOU BORROWED TO CONSUME INSTEAD OF PRODUCING AND HUMAN DEVELOPMENT
Until something serious give in nothing will change in Nigeria.
Tourism places in Nigeria are:-
1. zamfara state
2. Sambisa Maiduguri etc.
Investors are welcome.
Now Nigerians believe it
Living in Zoo.
Thes guys are not mincing words. Maybe when just 10% of the population think like this there will be progress.
Let's not forget that China seized our planes recently over default of loan by Ogun state government. As bad as the loans from IMF and the Western loan finance banks, China's approach in comparison is worse because of their Shylock practice in dealing with defaulters.
A country where you have capable and sane persons but one person who hard drug had messed up his brain is in charge of your shot hole, what do you expect? Suffer never start for una. Shege pro max still loading…….
Almost everybody is a hypocrite in Nigeria. Because we all say one thing and when it's time for action, everyone will back out. Not long ago a call for a protest was called but what happened, the people were divided. During the general elections, people did not come out to vote that made only 19 million people out of 230 million people to decide our fate. This administration has the lowest count of votes in elections since 1999 with the winner coming up with only 7. Something million votes, that is the irony of the situation. In my own view, Tinubu will have the thought that Nigerians did not vote for him and that he wangled his way to that presidency, so he has the right to do as he pleases.
I hear you prof Chibo we are not one.hard truth!
Why did Naira never fall against throughout ABACHA regime? Tinubu is the root of Nigeria's current problems, not the so-called subsidy, which never truly existed. He unnecessarily devalued our currency. This is why many see Abacha, despite his corruption, as one of Nigeria's best leaders. Abacha resisted manipulation of our currency by the West and even boycotted Western influence, choosing to engage with Asia instead. NAPIMS is a disaster for Nigeria due to rampant corruption.
I recall when I worked for ExxonMobil on a project initially estimated at $5.44 million, with a 100% contingency cost due to it being a revamp project. This was approved, but when American workers were brought in because of issues in the U.S. oil and gas sector, they reassessed the project and raised the cost to $18 million. Under the 60-40% Joint Venture (JV) agreement, the Nigerian government would have to cover the entire cost while the foreign company still profited. Shockingly, NAPIMS approved this inflated cost without question, even though it was just for a simple kitchen revamp.
The real problem lies in the ignorance of our leaders, who blindly follow Western influence. Devaluing the Naira against the dollar has made local production nearly impossible. In the past, when the exchange rate was 1 Naira to 1 Dollar, we could refine our oil and sell it for just 6 Kobo per litre in 1973. Now, however, our leaders devalue the currency without proper impact assessments, following the West's guidance blindly. Corrupt economists, banks, and even the Central Bank of Nigeria (CBN) contribute to this economic disaster with their flawed advice.
The management of the Nigerian National Petroleum Corporation (NNPC) should be held accountable for fraud. The quota for domestic crude supply, which is to be refined locally, should be sold at the cost of production, not the inflated cost of sales, especially to Dangote. This way, Nigerians could potentially pay no more than N200 per litre for fuel.
Interview here and dey but nothing change. Things keep getting worse 😭
Hw many economist n bussines expats u hav to ask desame questions interviewing this guy's aways I dnt understand ur motive