Any solution that doesn't involve the audit and punishment of the culprits who spent 25 billion dollars between 2013 and 2023 and cannot turn around the refineries and a further 10 billion dollars in 2023 to pay for subsidies cannot work.
The presence and absence of consequences and incentives define human behaviour in any society. Consequently, the varying outcomes seen in different societies are a reflection of those two variables: consequences and incentives.
Good morning Mr amadi it gives joy listening to ur analysis
Any solution that doesn't involve the audit and punishment of the culprits who spent 25 billion dollars between 2013 and 2023 and cannot turn around the refineries and a further 10 billion dollars in 2023 to pay for subsidies cannot work.
I agree. Such deed should not go unpunished. This will send a message to future thieves.
The presence and absence of consequences and incentives define human behaviour in any society. Consequently, the varying outcomes seen in different societies are a reflection of those two variables: consequences and incentives.
How do we put up with this? - Tens of Billions of Dollars spent on refineries with no results and people are still in their jobs?
Dr Sam Amadi says it as it is.
You claimed to be making profits and also running loss simultaneously .. That's new to me as an Economist 😅