Recently, filling stations have joined banks in going on the streets to market to their customers. The ones who have reduced the price of petrol they sell (from the officially sanctioned N145 go out to taxi and okada parks, trying to woo them to their stations with their cheaper prices. These are tough times. Don’t… Continue reading Tough Times: Filling Stations Now Market To Okada Riders, Taxi Drivers
Category: Economy
Buhari Administration Should Reduce Capital Base To N20Billion To Boost Consumer Spending
These days there is little money in the system (no liquidity). Crude oil, which should have given Nigeria easy liquidity has crashed. The consequences of this are clear for everyone. Nigeria needs cash to stimulate spending, short term borrowing and investment, boosting the economy. One thing that would work is for the CBN to reduce… Continue reading Buhari Administration Should Reduce Capital Base To N20Billion To Boost Consumer Spending
Why The Chinese May Not Fund Nigeria’s Projects
I don’t envy Government Minister Udo Udoma at this time. He traveled to China to convince the Chinese to fund Nigeria’s infrastructural projects. But I fear that unlike when Jonathan went and secured a loan for railway development, this may be a tall order.
Kudos To Government Over Crash Of Tomato Price
I want to use this opportunity to give kudos to the Federal Government and the Kaduna State Government over the way they have handled the tomato ebola issue. This has led to a crash in the price from N25000 in May to N800 today (August 1, 2016). Of course, the rains played their part, as… Continue reading Kudos To Government Over Crash Of Tomato Price
Why Not Use The ‘Illegal Refineries’ To Reduce Kerosene Price?
The price of kerosene, which millions of Nigerian households depend on to cook is rising above what they can afford to pay. If kerosene was being supplied in sufficient quantity, the price will not be threatening millions of Nigerians with hunger …and anger. Every few months, Civil Defence delight in telling us that they destroyed so… Continue reading Why Not Use The ‘Illegal Refineries’ To Reduce Kerosene Price?