Jigawa Governor’s Son Arrested For Money Laundering At Kano Airport

• by: Jesus
• 12 years ago

that Nigerians are very dictative and aortutihative people and this crosses all over their men and women including government officials from the top to the bottom worker. Government have no business setting bench mark on fuel price. When you set a bench mark on fuel price you are killing the entire market and discouraging and limiting market growth. What the DPR have done now is anti market growth, killed competition and basically have taken options away from the consumers to shop around for the best price around towns. There is no where in the world that govt controls the price of fuel and other commodities. Even in America and Europe fuel price are not uniformed. for example, consumer A can drive to Red Street and buy fuel for N65 and while fuel station on B street is selling for N76 then Blue and Green Streets fuel stations in an upscale town may be selling for N89 and N97. All this prices are based on wholesale price, cost of operation, cost of rent, operating expenses and other misc expense that determines what price each fuel station will sells their product. Is foolish and wicked to force all fuel stations to sell at N97 because all fuel stations are not equal. They have different operating cost and buys at the different price from importers. What DPR have created is a dummy market environment and where nothing grows and will likely cause stagnation and limit economic growth. Basically consumers are limited to shop around for the best prices. This arrangement is worst and anti economic development and will even cause more unemployment in the country. PLEASE WRITE THIS DOWN THAT NIGERIA UNEMPLOYMENT RATE WILL GET WORST because the cost of running a business in Nigeria will now rise and no employer of labor will want to hire because of the rise in cost of living and other high cost. They will want to save money and even cut other cost. Dieazeni Alison-Madueke is not an economist neither does she have a business or finance degree. Basically she running her department based on the information from other incompetent people around her. Is common sense for a man or woman who have being in business for herself or himself to know that competition is what grows or kills a business and Nigeria should creating an environment that encourages competition. Also is common sense that for economy to grow that government do not set prices. The sole responsibility of government should be to set policy and procedures in terms in the of safety, consumer right to good service and product, employee protection and fair practices and not price.Is very hard and heart breaking when I see people who have no business running the affairs of the government and the country in key positions.My only advise is for people to endure this for the next two or three years to come and make sure on the next election please for God sake do not vote out of compassion or party vote for the right person with sound academic background and some one who have excelled in their corporate and business world.What DPR should have said is that no fuel station is allowed to sell more than N97. Also I believe these government officials lacked basic communication skill to articulate their plans for an average man or woman on the street to understand them. When they said fuel price to sell at N97 even some fuel station will want to sell at N80 out of fear based on government poor communications they will end up selling at N97.