This is a ridiculous article. If Nigeria cannot export oil, what stops Nigeria from building refineries and supplying the African continent? Nigeria can create its own African market instead of relying on Western economies and their Shale Oil nonsense which is an environmental disaster. Let the Western countries destroy their homes with Shale oil. What Nigeria needs now is not the so called Subsidy removal but building of New Refineries. The Chinese are good at building engineering feats. Pay them in Oil just like we did with Julius Berger in the early days of construction.

Tweaking the price of petroleum has never industrialized a country. It has always destroyed and impoverished the people. Made business too expensive to run. Imagine a manufacturer of shoes paying hundreds of thousands of Naira every month to buy gasoline for his generator or pay for electricity. Add that to the expensive cost of transporting products and all factories in Nigeria will close.

IMF agents have established themselves in the Nigerian economy always coming up with ridiculous proposals. How many times did China remove subsidy and follow IMF policies to become great? Answer never. The reason China is great today is because they turned their backs on the IMF when the IMF was pushing for the same policies like it has been doing in Nigeria for the last 25 years. Nigeria does not progress because of these stupid policies designed to keep Nigeria on her knees never to stand up.

I like to quote the statement made by a Chinese official during an IMF meeting many years ago when the IMF was pushing the same policies in Nigeria on China. The Chinese official explained why it would not be a good thing for China to follow IMF policies but as usual the IMF agents well dressed looked smart insisted the only option for China was to follow its policies. The member of the Chinese delegation with his smart look turned to the IMF agents on TV and said “WHAT IF WE CREATE OUR OWN IMF” That was the end of that meeting. You could see the pain in the eyes of the IMF officials. The Chinese are now great and practically own the American economy based on the One trillion Dollars they loaned the USA. Forget about the other billions of Dollars owned by the Chinese all over. This is what happens when you turn your back on the IMF, you begin to grow as a country and become the bank of the West.