Is Government To Blame in Time Of Global Economic Crisis

[Jubilee58]

In the aspect of the rise in fuel or petroleum price Nigeria government is to be blamed. In the first place, the Nigeria government deprived the citizens of Nigeria from benefiting from our own natural resources which is giving by God and making Nigerians suffer in the mist of what we have in abundance, and they did this by removing fuel subsidy.
Another area where blame is going to the federal government is that, Nigeria government rely on the importation of petroleum products like fuel when we are supposed to be producing our own fuel and be selling to other nations, instead the government of Nigeria short down our refineries and turned importation of fuel into their own personal business.

[Agbamoni]

Global tension rises as the US-Israel vs Iran war is yet to cease. Oil prices have risen as a result of the war, and there is no plan for when things will go back to normal. Instead, the tension is increasing every day that passes by. The government, in this case, should not be blamed. The fuel subsidy that was removed was for the betterment of the country. At some point, we enjoyed the benefit, but no one expected this war to happen soon. Which it is the reason oil poircews are high.

[DYOR+BTC]

Global tension rises as the US-Israel vs Iran war is yet to cease. Oil prices have risen as a result of the war, and there is no plan for when things will go back to normal. Instead, the tension is increasing every day that passes by. The government, in this case, should not be blamed. The fuel subsidy that was removed was for the betterment of the country. At some point, we enjoyed the benefit, but no one expected this war to happen soon. Which it is the reason oil poircews are high.

If i may ask, I what way did the citizens of Nigeria enjoyed the removal of fuel subsidy since that sudden decision was made by this current administration. To tell you the truth some of the problems affecting Nigeria now is from the affected citizens of Nigeria,  because we believed we are favoured in one way or the other, we now forget the truth and say things according to the instructions given without knowing that the evil one fails to handle today most definitely come for the same person in time to come.
I won't criticise your decisions but one thing I will tell you is, if you decide to support evil because of the peanuts you are given, one faithful day that same evil must definitely come to you.

[Africolo]

The war that is happening in Iran caused what is happening to petrol price. If the war continues and if anything related to war is destroyed and if the Strait of Hormuz remained partially closed like a total closure, it is very possible that oil price will still continue to increase. Do not blame this on our government, blame it on who are casing war in Iran.

Is it not time we turn back to Dangote refinery, it may not be enough and there will still be scarcity keeping the price up, but a bit of expansion can save us a few dollars cut from what we are buying now. If the war should last longer, that means the price will continue to sky high each time, the war caused this, but Nigeria is grown and large enough to refine crude oil inside our country.

We can't turn back to Dangote refinery that is to say we as a nation can't depend on a private oil refinery to be mining oil for us and we claim to be giant of Africa, what are we really gianting when common refinery we don't have and even the ones we have can't be rehabilitated and improvise for to make it work, that will lessen the burden on the country and we won't be experiencing fuel scarcity and hike in fuel prices.

I read someone said we shouldn't blame the government for the war that is happening in Iran and we should blame those that caused the war and I want to ask, did those countries that we are exporting our oil and they are refining for us asked us not to have our own refineries and stop depending on them? Because if ours was working we won't be affected by a war that is going on in another country which is entirely bad for our government not to make the ones we have work.

[Chilwell]

Global tension rises as the US-Israel vs Iran war is yet to cease. Oil prices have risen as a result of the war, and there is no plan for when things will go back to normal. Instead, the tension is increasing every day that passes by. The government, in this case, should not be blamed. The fuel subsidy that was removed was for the betterment of the country. At some point, we enjoyed the benefit, but no one expected this war to happen soon. Which it is the reason oil poircews are high.

Government takes control of every part of this world and nobody is bigger than a government of any nation, so I think the right person to put blame on is the government itself. They are the authority that makes Law, they have security, they have power, they have money, then we should blame government for the Global crisis. The example you just bring now about the United States of America / Israel and Iran, individuals cannot fight this battle if not government, so 100% blame must be on them because they control everything, if today they all decided to live in peace and they deal is sealed, definitely it will come to stay but just because of their selfish interest that is why things are not balanced and most especially we that are not involved are also suffering.

[igebotz]

Who to blame, should we blame our government for removing subsidy and making other adequate arrangements for situations like this or the war among global actors, this post on CNN about global fuel prices surprises us above $100 in most countries around the world.
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The war that is happening in Iran caused what is happening to petrol price. If the war continues and if anything related to war is destroyed and if the Strait of Hormuz remained partially closed like a total closure, it is very possible that oil price will still continue to increase. Do not blame this on our government, blame it on who are casing war in Iran.

When there's uncontrollable conditions like this what a responsible government do is subsidized the price of the product temporarily to help reduce the impact of the war on her citizens some also reduce importation fees for such products indefinitely to help reduce costs or reduce tax- there are too many ways the Govemment can help reduce the impact of global economy on her citizens.

Since the Russia - Ukraine war most of their basics needs have been subsidized by their government which is why you don't see any of those affected countries coming online to protest. Nigeria has the resources to subsidize fuel price for as long as they want but would rather use this condition to extort more money from her citizens.

Don't forget Nigeria is oil selling country and if anything our Government is benefiting more with the crude price hike.

[Charles-Tim]

When there's uncontrollable conditions like this what a responsible government do is subsidized the price of the product temporarily to help reduce the impact of the war on her citizens some also reduce importation fees for such products indefinitely to help reduce costs or reduce tax- there are too many ways the Govemment can help reduce the impact of global economy on her citizens.

You have a very good point, but we have a government that does not care about their citizens right now. You can easily know that from the taxes Nigerians are paying now which increased up to 25%, and also more people will be paying taxes now. Despite all these, you will see the government want to borrow more loans. Nigerias right now do not want the government to be given the loan they want to borrow recently. It is a shame on Nigerian government because people do not see any changes. I just use that post to make it clear at that time that the war should be blamed for the increase in the price of PMS, but the government can try their best to make sure the price will not go up or do not go up significantly.

[Promocodeudo]

Global tension rises as the US-Israel vs Iran war is yet to cease. Oil prices have risen as a result of the war, and there is no plan for when things will go back to normal. Instead, the tension is increasing every day that passes by. The government, in this case, should not be blamed. The fuel subsidy that was removed was for the betterment of the country. At some point, we enjoyed the benefit, but no one expected this war to happen soon. Which it is the reason oil poircews are high.

Man are you sure you're a Nigerian? Because it is unfortunate to see this coming from a Nigerian, we were told that the subsidy removal was for the good of Nigerians, and from that day till now we have never seen anything good coming from this government, so I will want to know what you enjoyed since the subsidy was removed if you'll be sincere to yourself, this is why Nigerians are seen to be very hypocritical, just imagine what you're saying, if I'm not a nigerian residing in Nigeria, maybe I would've believed what you said, when did we enjoy this that I dont know, I'm disappointed with this bullshit you spilled here, what you say does not reflect to what has been happening in this country since this government took over power, I'm concentrating on this government because they were the ones that removed subsidy and  since then there has been nothing to show for the subsidy removal.

[igebotz]

When there's uncontrollable conditions like this what a responsible government do is subsidized the price of the product temporarily to help reduce the impact of the war on her citizens some also reduce importation fees for such products indefinitely to help reduce costs or reduce tax- there are too many ways the Govemment can help reduce the impact of global economy on her citizens.

You have a very good point, but we have a government that does not care about their citizens right now. You can easily know that from the taxes Nigerians are paying now which increased up to 25%, and also more people will be paying taxes now. Despite all these, you will see the government want to borrow more loans. Nigerias right now do not want the government to be given the loan they want to borrow recently. It is a shame on Nigerian government because people do not see any changes. I just use that post to make it clear at that time that the war should be blamed for the increase in the price of PMS, but the government can try their best to make sure the price will not go up or do not go up significantly.

I understood where you were writing from, but I just needed to put it out there that there are many ways the Govemment would be able to come in- most of the price hike on local products is as a result of high taxes from the government for instance the price hike on Cement has nothing to do with the Iran war; theses are locally source products and everything needed is gotten locally from Nigeria, no important fees but our government are over taxing our local industries to death.

You would think with the high tax in place, the current Govemment would be servicing our existing loans but no, they're still borrowing more loans every month to enslave the country to foreigners.

I saw the move from some Nigerians on World Bank social media pages - they're in business and will never stop giving out loans to who ever need it and Nigeria is one of their biggest clients. We need to hold our leaders accountable, not the WB.

[Sunshine1525]

Global tension rises as the US-Israel vs Iran war is yet to cease. Oil prices have risen as a result of the war, and there is no plan for when things will go back to normal. Instead, the tension is increasing every day that passes by. The government, in this case, should not be blamed. The fuel subsidy that was removed was for the betterment of the country. At some point, we enjoyed the benefit, but no one expected this war to happen soon. Which it is the reason oil poircews are high.

Man are you sure you're a Nigerian? Because it is unfortunate to see this coming from a Nigerian, we were told that the subsidy removal was for the good of Nigerians, and from that day till now we have never seen anything good coming from this government, so I will want to know what you enjoyed since the subsidy was removed if you'll be sincere to yourself, this is why Nigerians are seen to be very hypocritical, just imagine what you're saying, if I'm not a nigerian residing in Nigeria, maybe I would've believed what you said, when did we enjoy this that I dont know, I'm disappointed with this bullshit you spilled here, what you say does not reflect to what has been happening in this country since this government took over power, I'm concentrating on this government because they were the ones that removed subsidy and  since then there has been nothing to show for the subsidy removal.

I don't really understand that brother and what he claim to had enjoy after the removal of subsidy, sometimes I wonder why some Nigerian citizens are scared of calling out bad government instead they blame foreign crisis for the failure of their government. I'm a citizen of Nigeria leaving here an i can testify that our government is the major problem of this nation, the crisis in the middle east made fuel price to spike globally but it affected us more because we're ruled by foolish people.

 Nigeria is an oil producing state and by right not supposed to be affected badly affected by the crisis if our refineries were functioning properly. That aside, our neighbouring country, Ghana had to cut fuel taxes to ease the cost of fuel for citizens. What did our government do after removing subsidy asides borrowing over and over from IMF and World bank, have they fixed the refineries? No, instead they're frustrating dangote that's trying to help out. Hope he's aware that they spent millions if not billions just to remain NNPC to NNPCL, maybe that's what he enjoyed, funny citizens.

[Agbe]

I dey wonder why how dis Nigerians dey behave because when Goodluck was di president, and fuel price been dey ₦97 and people were protesting dat Goodluck must go. But today di price of fuel na ₦1350 to ₦1500 but Tinubu mandate we stand. I don't know weda dem curse di citizens. Instead of di people to reject all form of suffering but we dey accept am. See labour union wey supposed oppose dis government, e no fit talk anything.

[Chilwell]

For example, during the global inflation surge that followed the COVID-19 pandemic and the war in Ukraine, countries around the world experienced rising food and fuel prices. Yet some governments handled the situation better than others through targeted subsidies, social support programs, fiscal discipline, and economic reforms.

I am in support of what you have said, Nigerian government decided to just ignore anything concerning fuel price, they use the war between Iran and Israel/America as an excuse, yes it's actually worth it but at least they should be an alternative to ease the pains for the Citizens, in Saudi they have a domestic refinery that refine product for the people and up to this moment they have not filled the impact of war like us that are even far away from that sea.

One thing I hate that this country like to do, if anything happen they turn it to be an international problem which in this case they are right, but comparing us with other countries in terms of things that will favor the government, ignoring the ones that will favor the masses. We can see that things are not balanced, take a look at minimum wage of others nations compare it to yours, the ignore this part because it will favor the masses.

[Brizi5000]

When there's uncontrollable conditions like this what a responsible government do is subsidized the price of the product temporarily to help reduce the impact of the war on her citizens some also reduce importation fees for such products indefinitely to help reduce costs or reduce tax- there are too many ways the Govemment can help reduce the impact of global economy on her citizens.

You have a very good point, but we have a government that does not care about their citizens right now. You can easily know that from the taxes Nigerians are paying now which increased up to 25%, and also more people will be paying taxes now. Despite all these, you will see the government want to borrow more loans. Nigerias right now do not want the government to be given the loan they want to borrow recently. It is a shame on Nigerian government because people do not see any changes. I just use that post to make it clear at that time that the war should be blamed for the increase in the price of PMS, but the government can try their best to make sure the price will not go up or do not go up significantly.

So at this point we can all agree that The Government, Nigeria government precisely are the ones to be hold responsible for the economic crisis which have even resulted to the very high level of fuel price in the country because I see no reason why a country who is oil rich and is rated among the highest oil producing nations of the world is being affected by what is happening in Iran of which I’m very sure that even over there in Iran where the war is happening you can still see everyone going about their normal business and that’s because the government is actually taking responsibility for it’s citizens.

[DYOR+BTC]

I dey wonder why how dis Nigerians dey behave because when Goodluck was di president, and fuel price been dey ₦97 and people were protesting dat Goodluck must go. But today di price of fuel na ₦1350 to ₦1500 but Tinubu mandate we stand. I don't know weda dem curse di citizens. Instead of di people to reject all form of suffering but we dey accept am. See labour union wey supposed oppose dis government, e no fit talk anything.

Before goodluck took over power the price of fuel was 65 naira per liter,  so when citizens experience  that unpredictable change in the price of petrol all they did was what could bring suitable solutions them but then I will say there was law governing the affairs of all that why.
Now under the leadership of this current administration,  I will say Nigeria is in there worst moment because this present administration has  nothing to do with sympathy if not why will a leader be interested in second tenure when the people are dieing

[Abelly]

When there's uncontrollable conditions like this what a responsible government do is subsidized the price of the product temporarily to help reduce the impact of the war on her citizens some also reduce importation fees for such products indefinitely to help reduce costs or reduce tax- there are too many ways the Govemment can help reduce the impact of global economy on her citizens.

You have a very good point, but we have a government that does not care about their citizens right now. You can easily know that from the taxes Nigerians are paying now which increased up to 25%, and also more people will be paying taxes now. Despite all these, you will see the government want to borrow more loans. Nigerias right now do not want the government to be given the loan they want to borrow recently. It is a shame on Nigerian government because people do not see any changes. I just use that post to make it clear at that time that the war should be blamed for the increase in the price of PMS, but the government can try their best to make sure the price will not go up or do not go up significantly.

So at this point we can all agree that The Government, Nigeria government precisely are the ones to be hold responsible for the economic crisis which have even resulted to the very high level of fuel price in the country because I see no reason why a country who is oil rich and is rated among the highest oil producing nations of the world is being affected by what is happening in Iran of which I’m very sure that even over there in Iran where the war is happening you can still see everyone going about their normal business and that’s because the government is actually taking responsibility for it’s citizens.

I partially Agree that if a country, despite being an oil producer, Cannot fully protect itself from international Market shocks, there are certainly policy and structural issues to consider. At the same time, since the global oil market is interconnected, almost all countries are affected by conflicts or supply shortages in other regions,
the main question is how prepared a government is to deal with that shock and how to minimize its impact on its citizens. A strong economy in the long run, transparent policies and efficient management of the energy sector can ensure stability for its citizens. From a Bitcoin perspective, many people turn to alternative assets in such situations because they want to protect their purchasing power and reduce the risk of local economic uncertainty.

[Iamgoat]

I dey wonder why how dis Nigerians dey behave because when Goodluck was di president, and fuel price been dey ₦97 and people were protesting dat Goodluck must go. But today di price of fuel na ₦1350 to ₦1500 but Tinubu mandate we stand. I don't know weda dem curse di citizens. Instead of di people to reject all form of suffering but we dey accept am. See labour union wey supposed oppose dis government, e no fit talk anything.

So many things are happening today which has further shown we are the architect of our problems and our leaders are only a symptom of it. We created the problems by indulging what we know is not good in the name of tribalism, nepotism and favoritism and ignore what is good for us simply because we think what is good for us is not the best for our tribe.  This has brought us to where we are today as a nation and things are not going to change until we deliberately work towards it by unlearning the true act of patrotism which is devoid of our tribes and religious differences but what unites us which is the country itself. With such declarations, we are able to collectively fight injustice and other maladministration regardless of the tribe or religion of the leader involved.

[Chinesebaby]

I dey wonder why how dis Nigerians dey behave because when Goodluck was di president, and fuel price been dey ₦97 and people were protesting dat Goodluck must go. But today di price of fuel na ₦1350 to ₦1500 but Tinubu mandate we stand. I don't know weda dem curse di citizens. Instead of di people to reject all form of suffering but we dey accept am. See labour union wey supposed oppose dis government, e no fit talk anything.

You see that talk about the "Labour Union" which is supposed to work for the interest of the general masses, and other unions like the Christian Association of Nigeria (CAN), which spoke against hardship and insecurity during the days of Ex-president Goodluck Johnathan, when it comes to today, let's not forget that all these unions have been politicize that they no longer remain independent anymore like before, and secondly they are all benefiting from this government that they no longer care about the interest of the general public again, which is very bad. Because since all the opposition parties were threatened by Wike and all Tinubu's boys since he came into power, people are scared to speak and say the truth in public. Because I see no reason why we produce Crude oil here in Nigeria and we now have a refinery that was launched by Dangote that is currently operational and producing fuels, but yet we still get affected by global crisis, which was not supposed to be so.