When is the Right Time really for Petroleum Product Prices to Crash in Nigeria?

Please observe that anytime a government begins to think about a people driven policy; Issues like cost, sustainability, manageability will come up from the Elites. Many supposed analyst will go to town and give you reasons it is such a bad idea; It is not new. From the United State to Great Britain, From Australia to China and from Nigeria to Egypt. It is always the same. That is the reason a lot of analyst are already telling us that the Federal Government's decision to crash the price of PMS for Nigerians is a bad idea and a Populist one in the face of dwindling revenue (Good Point). However, When it is time to Bailout Banks, The Private Sector, Speculators, Corporations and The Richest members of the State. They will tell you, it is a good policy, It will Stimulate growth, More should be done by Government, More Waivers, More Tax Cuts, Less Regulation, Less Oversight and so on. So when government introduces policies that are Elite driven due to the poor management decisions of the private sector, It is a good idea; But when government does the same for the masses who are suffering because of terrible private decisions and bad governmental policies it is a bad Idea.....KONTINU.

They are Forgetting that Recently; Custom Re-introduced and Increased Tarrifs on Rice, Eliminated Waivers, Lifted the bad on Land Borders to Increase Revenue. They are forgetting that the GMD NNPC noted that Nigeria was consuming about 10million less than the 40million Litres daily as speculated and Subsidized. Forgetting that the 90 days timeline to get Port Harcourt and Kaduna online and to about 60% Capacity or more is November. Forgetting that closing Governmental waste and loopholes already increased Government Revenue by more than 100%. Forgetting that Subsidy payment has drop to below N300million daily even though Refineries are still producing below 15% of Installed capacity. Forgetting that dropping the Price of PMS is a major Stimulate for Small Businesses who almost always depend on PMS daily. Forgetting that Government can actually increase Revenue from other sector of the Economy with a 25% reduction in PMS. They Forget So Many Things. Because when policies are pro Masses, They are ineffective, but when they are pro-Business, they are super effective. WHO CONSUMES WITHOUT SAVING AGAIN? THE MASSES.

Hybrid Socialism is Working in the Scandinavian Countries; It is working in The Asia Countries; It is in Canada already; It worked with Obamacare. It can work in Nigeria. Regulatory Oversight is the Key. Let the People Enjoy the Government of their Sweat!!!