Nigerians Set For A Full-blown Economic Crisis! You need to read this!

Nigeria’s economy is falling

– Analysts see an economic doom

– Ashbourne believes the country’s foreign exchange policy is not doing any good.

Nigeria is hitting the worst economic situation in its history, Business Insider is reporting.

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President Buhari's Best Achievement: Fuel Sudsidy Removal. See why

The former commander of the Movement for the Emancipation of the Niger Delta (MEND), Victor Ben Ebikabowei also known as Boyloaf has thrown his weight behind the Nigerian President, Muhammadu Buhari .

Mr. Victor Ben supports the idea of fuel subsidy removal as announced by the Nigerian President, this however made the price of fuel shoot up from N85/litre to N145/litre. Boyloaf supports fuel subsidy removal by the Nigerian government. He accused oil marketers of their involvement in fraud through the subsidy scheme.

However, the National Labour Congress (NLC) and other group of activists have been protesting the development and also the NLC embarked on a strike despite their meeting with the President which ended in a deadlock.

 Moreover, the National Industrial Court stopped the NLC from embarking on the strike, an order which was flouted by the body.

Why are people shouting? Fuel subsidy is the highest fraud of this country, don’t you know? They don’t know the effect; don’t you know it is the subsidy that is making this country go down? Boyloaf said “the removal of fuel subsidy is the best thing that has been done since President Buhari took over in May 2015”.

“To me, I feel this strike is being pushed by the oil boys, that is my belief. In developed nations, they do not subsidize fuel; there is no nation in the world where fuel is subsidized”.

“ I believe sectors like health, medical and agriculture are the areas that should be given subsidy, because this subsidy is what is dragging our nation backward. “Subsidy removal is the best thing, this is the best thing Buhari has ever done,” he said.

 He explained that the oil producers and marketers are engaged in subsidy fraud because they get so much money from the government than what they give out.

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Militancy: Buhari Under Fire For Seeking GEJ’s Help

Sequel to the renewed attacks on oil installation by militants in the Niger Delta region, there has been insinuation that President Muhammadu Buhari may approach his predecessor, Goodluck Jonathan to intervene in the situation which is threatening to plunge the Nigerian economy further into crisis.

The Niger Delta Avengers, a newly formed militant group, have threatened to cripple the nation’s economy by launching attacks on oil and gas installation in the Niger Delta region.

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Confusion Struck as Jonathan Snubs PDP

Jonathan’s absence at PDP’s south-south congress attributed to likely misunderstandings between some elders and younger politicians in the PDP – Governor Nyesom Wike of Rivers state vows that the PDP would unseat the APC in the forthcoming governorship election in Edo state – Senator Godswill Akpabio says Nigerians are yearning for the PDP to return to power because they have discovered that the party served them faithfully

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