You are viewing a single comment's thread from:

RE: What are the adjustments you have personally made to cope with the present economic conditions in your city// 25% set to null

in Steem4Nigeria2 years ago

Nice post but I disagree with you on the subsidy issue, infact one of the most corrupt and scheme is fuel subsidy. It is a big shame we are unable to refine our own oil. How can we be producing oil and sending to other countries to refine for us, pay those countries for their service and still spend huge some to subsidize the rate. It is very terrible and provided an avenue for wasteful spending. Why can't we refine our oil ourselves, spending billions to subsidize fuel we are able to refine ourselves if this government is serious

Sort:  

I agree with you but you also understand that our country is a place where we find it difficult to maintain already established equipments and moreso I believe you have an idea on what economic advantage entails. Nevertheless Nigeria has what it takes in terms of human and natural resources but are highly relegated in terms of technology.

So It is preferable that the government continues with the subsidy project than establishing firms they can't maintain on the long run but sincerely we have about 4 refinaries in this country located in Warri, kaduna and port Harcourt but they're all in dilapidated state and the then minister of petroleum Diezani Alison complained about this in 2015 bit nothing changed.

So my dear it's better they go on with the subsidy matter than establishing firms they can't properly maintain @arinzegod12

Coin Marketplace

STEEM 0.17
TRX 0.16
JST 0.029
BTC 74226.19
ETH 2639.64
USDT 1.00
SBD 2.42