While looking frantically for someone to furnish the funds to boost Nigeria's domestic economy Nigeria's bankers are not aware of the fact that the money already is there. All they have to do is keeping hands off talking Nigerians into fatal debt by forcing credits on them.
Facts
1) No sale of Bonny light because Bonny pegged to manipulated paper Brent - Goodluck administration at the end of its tether
Since more than one good year Nigeria did not sell the least droplet oil because of Bonny light's price being tagged to CBOT traded Brent.
2) Fatally Nigeria has to raise funds by taking credit from Northern Hemispherian Bankers; Nigeria to live at the mercy of some cunning foreign central and other bankers
Fuel scarcity due to Bonny light being pegged to rolling PAPER Brent on far away abroad Chicago Board of Trade CBOT
Nigeria is forced to take credit from Northern hemispherians' banks to enable whatever goods to be imported from abroad (sic!); same abroad not buying Bonny for the reason of manipulated price of rolling PAPER Brent. To cover its people's needs Nigeria desperatly tried to levy taxis on fuel in vain. The majority of the Nigerians highly depend on transport.
3) Impact on economy of fuel scarcity due to the lack of funds because of non existing oil-sales.
All goods transported by fuel consuming vehicles would see an increase in price boosting the already high inflation rate to even higher heights. Because of riots triggered by some bums supported by individuals from the country of nowhere Goodluck Administration lowered the price of fuel at the NNPC filling stations to NGN 97.
4) There are 160 Million Nigerian citizens ready to take off
160 Million healthy Nigerian (HIV-infection rate only 5%, human trafikking fought, antifraud police has been working for quite some years as to ban 419 (advanced fee fraud) All medicament of doubted origin also is being banned and whenn found burnt in publik, shops and pharmacies selling fake drugs are being shut down, more then twenty banks with unsufficient equity were closed down, some of them were merged to banks with adequate funds as to survive. Banking staff cut even to half. Connected useless people are to sack for lack of knowledge.
5) Workforce counts for some 80 Million citizens.
6) Job less quota hovers around 5%
People still living in remote areas grow there own food not depending on international markets. There a hen is a hen, an egg is an egg, a plank, brick, block has its real value. This being called durable goods NOT imported. Austerity can easily be gone through by those willing tough people living on average on USD 2 a day. They for sure are ready to take off. It is true: about 80% (eighty out of one hundred) do not have money. But they have two kind of capitals, a lot of Europeans and other Northern Hemispherians do not possess.
6.1) They have their own soil to grow enough food to survive. When it comes to fish they just walk down to some river to catch some. Also there are sheep and goats and bushmeat (wild animals) roaming about the forests. A lot of eatable fruits and plants can still be collected. Austerity will be gone through even with that broad smile of Nigerians all over the country all over the faces, the children plenty.
Fact: cheap subsidized goods sent in from Europe and other destructive countries will never kill markets where people still exchange labour for fish, meat and vegetable. All to buy in the markets are batteries and other foreign stuff not really needed when situation becoming tough for country thus for people.
6.2) The other asset Nigerians oscillating around the border to poorness is having nothing at all. THIS MEANING they also have NO DEBT. [compared to American Students graduating from Universities living with a heavy debt burden of some USD 40'000 to USD 100'000 depending on the attended University's quality (real or pretended; hundreds of thousands of young eager to work Nigerian youths, this female and male - are free of debt because in Nigeria if there is no money there also is no honey; understand?!. They virtually are ready to take off from flat soil to fly as high as only high can be. In the advanced (sic!) US however, students are growing up in an environment of debt, credit, leasing, paying interest, paying interest on interest and the sort, paying down some durables if ever. If those interests, installments, leasing rates and small borrowings from neighbours, friends, family member such as grands, great grands and even children paid by the average US-citizens were to capitalize a exorbitantly immense and high stunningly as well as upsetting sum were to emerge. These credits, debts, mortgages and the sort are not showing in US-statistics; this litter litteraly does not exist for all the econometrics - economists are longtime gone - youngsters. They still consider the most powerful the US, their country, not even knowing how many Eiffel towers on which continent, in which country and in which city they (they?) are located. US is the most powerful debtor living at the mercy of the all the NON-US-world they even dare to police, correct and regulate. This done by the fostered - lead like ignorant children by the hand - , governed, US-law forced upon, regulated, played around with, mocked and laughed at even corrected NON-americans by simply leaving their money overseas to be used to fix the armours, rockets, devices and other modern fatal crap meant to be the threat of the last resort.
6.3) Outcome - the most ridiculous swap ever
NON-Americans swap their wealth for being threatened by an hostile warfare system even based on their own scientists, experience and will to survive.
7) Nigerians - this not being a joke - are happily striving for a better future
Nigerian people able to struggle, still inquisitive and willing to achieve the goal striving for a better future. Some of them even not eating enough for to send their children to school and university for to have them a far better basis for taking off to live a better live then all past generations.
The people is well nourished on average, healthy and most people seem to be happy. HIV infection rate below 5% (compared to SA almost zero)
8) Hundreds of thousands of youths graduate yearly from high class advanced universities - knowledge based on private schools, colleges and churches
Given domestic economy taking off like a rocket here will not be lot of quickwitted graduates roaming the streets striving for their daily square meal by living off inferior jobs e.g. Okada (chinese motor bikes) taxi drivers or chines engine equipped yellow rikschas rode with motor bike license.
9) No need to go to 2 by 4 abroad for quickwitted Nigerians; staying home and put up the fight for a promising future's future is far more of value
Some of them having "connections" (a lot of them 419ers) make it to Europe for them to wash toilets and doing other inferior jobs they in fact do not deserve to do.
10) Boosting domestic economy will boost overall wealth in potential strongest SubSaharian ECOWAS country Nigeria.
If there were a boosting domestic economy allowing people to freely live, nobody would want to go abroad.
11) Out of 1000 Nigerians seeking for Asyl in Switzerland 999 had to go back home.
Turn figures upside down and you will see the holder of the threads
12) Nigerian even extended families sell almost everything just to get a bredwinner to abroad
Imagining that their families have sold their belongings for raising roughly USD 5000 for their kin to succeed to go to Europe it is just a waiste of time and money.
13) 1000 Nigerian want-to-be refugees waisted a exorbitant sum of USD 5'000'000 in 2010 to travel to Switzerland for getting Asyl. Of course - Nigeria now is a pieceful country - almost all but for one of those dreamers were returned within a short lapse of time
Easy calculus: 1000 Nigerians getting away for USD 5'000 to Europe waiste a total amount of some USD 5'000'000. In Nigerian Nira 5 Mio. USD amount to some 805'542'130 Naira. Imagine what could have been done in Nigeria by investing those 805 Million NGN.
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