Nun River
@Nun_River
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Joined April 2015
the history of ideas matter.
Randomly reminded of the experience of telling a, say, history student you study economics and their utter surprise at the fact that you haven't worked through Smith and Marx.
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eco 101: demand and supply.
As fuel consumption plummets nationwide due to soaring prices, oil marketers have expressed concerns over significant losses, with around 10,000 oil dealers about to shut down.
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RT @ProfFeynman: Make critical thinking a foundational subject in education. Teach students how to think critically, analyze information, a…
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@sotolafactor he took it for granted and was playing power games instead of using an understanding of power dynamics to make economic decisions.
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I agree.
Edo victory sign of people’s support for our economic programme – Tinubu
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RT @TomLondon6: All my life I could not understand how millions of ordinary people could go along with the Holocaust Now I think I underst…
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no pension, no social protection. nothing. home to fastest growing elderly population. home to highest number of young people.
Africa is home to the fastest-growing elderly population in the world
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@TexTheLaw can't count anything of value... not money, not people, not votes, not anything of value.
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RT @royaltyuso: I am convinced that Civil Society groups and Non-Governmental Organizations that go about each state during election times…
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@ObioraOke that is the issue. and there is no supply without demand. this is a catch-22 situation.
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what produces/shapes good politics?
Good politics shapes good governance and good governance enables good economics and good economics makes your life significantly better. APC cannot deliver this for you; it is now the challenge of my lifetime to render them useless. We’ll get this done ✅
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lol. you can't count anything valuable and you want to be taken seriously.
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RT @eldivyn: Part of the problem the political class has created is that people do not appreciate how hard it is to make money. You hear N5…
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RT @KU_Leuven: Vandaag opent @LucSels het nieuwe academiejaar #kuleuven dat in het teken zal staan van de 600ste verjaardag van de universi…
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@cremechic11 I think it is okay to charge different fees based on income status. In fact, the bill should indicate the real value of the service while also indicating how much government is subsidizing based on income class.
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RT @CORN_WestAfrica: @CORN_WestAfrica urges Nigeria's Federal Government to Design National Peace Policy. This position was informed by our…
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But is this not a problem of government. Without basic social register, it will be impossible to deliver public service according to income level of people. A comprehensive social register will enable these facilities know who deserves financial aid and discount.
Immediately, the Lagos state government renovated Gbagada General Hospital and dropped prices to increase access to maternity care for the poor. The middle-class people moved there and suffocated the poor out of the facility. The car park is always filled with exotic cars, but the delivery fee in the hospital is N20k. After delivery, they spend 2m on naming ceremony and 200k monthly on creche. Some even host small parties inside the wards. They will continue to mop up government interventions until they run down interventions and the facility and then run away to private hospitals, leaving the poor to face their reality in the facility since they have no choice. Once the government intervenes again, they jump back to displace the poor. The poor have been paying more for petrol, kerosene, and cooking gas in Nigeria for years. Petrol sold at 1200 per litres since 2022 in rural areas. Nobody cares until it touches the middle class and the rich in Lagos and Abuja. Then, they will shout and claim to be fighting for the poor. The rich eating the poor, the middle calls devouring the poor and eating the interventions. Nobody fights for the poor. This is why I will never be a fan of blanket subsidies. Subsidy should be targeted at those who need it.
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the general public are the consumers. Dangote is the supplier. Why is NNPC trying to interfere in the transaction between demand and supply without making it easy for either the supplier or the consumers?
I’ve read this thing 5 times and I still don’t know what it’s trying to say: “The NNPC Ltd assures that if the quoted pricing is disputed, it will be grateful for any discount from the Dangote Refinery, which will be passed on 100% to the general public.” Please who can help?
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