Nigerian airlines to halt operations over rising jet fuel costs

reuters.com

37 pointsmiduil3 comments

I’m Nigerian, and you don’t want to know the amount of horrors caused by government incompetence that we face everyday.

For example, I’m on the fifth day of a total power blackout because electricity providers won’t just agree to do their jobs.

There’s monumental corruption everywhere. Our current President is a totally clueless person. My hometown is being terrorized by separatists…This whole place is just nuts on a scale that first-worlders would find hard to believe.

I thought Nigeria was a major oil producer. No ? If yes, why are they paying for fuel in dollars ?

We export raw crude oil, but don’t refine it into various byproducts (including aviation fuel) in significant amounts. This is a perfect example of the government incompetence I’m talking about.

We had a few major refineries in the past, but they were mismanaged out of existence.

In summary, we export crude, and the buyers refine it and send it back to us as imports (with markups of course).

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