FUEL SCARCITY LOOMS OVER NON-PAYMENT OF SUBSIDY (NOT AGAIN !!!)

• 
  

The frequent re-occurrence of fuel scarcity is gradually becoming a monthly affair in the Federal Republic of Nigeria. This development is one that shouldn't be taken lightly, else we the masses will bear the brunt. I'm still bewildered on the sad fact that Nigeria being one of the greatest producers of crude in the world, lacks it in its own operating environment. This shows a high degree of mismanagement in my own opinion by players both in the upstream and downstream sector. 
Could the Treasury Singular Account (TSA) introduced by the President Buhari administration have had any effect on this? The Chief Executive Officer of Integrated Oil and Gas, Captain Emmanuel Iheanacho who spoke at the just concluded Africa Trading Logistic Downstream Conference said" interests on bank loans to oil marketers for financing of fuel importation have grown huge, forcing banks to withhold funding." He further urged the Federal Government to use the over $6 billion spent on fuel subsidy yearly to encourage net importers of petroleum products to become net refiners of crude oil. Economists have applauded the president on his determination to fight corruption at all levels but stressed the negative impact of the TSA on the economy as evidenced above.
 The guardian news, had the following to say:

THE TREKKERS SYNDROME HIT NIGERIA

It is no longer news to hear some person  person or the other trekking from one location in Nigeria to Honour the president Elect. It all started as a statement made without thought in 2014 but which gained life after General Buhari won in 2015. With this victory came the outbreak of a disease new to Nigerians and its complexity even startles or foreign observers.  It started with one person who arrived Abuja and was hailed the as usual, the effect spread like wild fire. Just last week, a lady trekker honoured in Abuja by the National Orientation Agency(NOA), and was even giving a guard of honour parade to inspect. How pathetic is that. Another scene was a trekker whose aim was to “Honour our soldiers”, he was rewarded with #250,000 naira, a chieftaincy title and a Peugeot car.

Next, the flamboyant cyclers emerged. A group of Nigerians who probably have been unemployed for a while and decided to try their luck on stardom of which they were successful. I wonder what or who is next.  

Think it is high time we stop glorifying ignoble acts in this country. If someone treks from owerri to Lagos to Honour something or someone, let him do it and let the press take no notice of it. If we turn a blind eye to all these our trekkers and cyclers, we will advertently discourage others from doing same.

God help the Federal Repulic Of Nigeria.

By: #NaijaTalkative 

LONELY

today has been a very funny day. my friend loves a girl that i think feels nothing for him. He has broken all his rules for this girl and yet she shut him down coldly. What a pity.#straighttalk