We have bursted the fuel cartel (Vanguard Newspaper)

This is a wonderful revelation that the fuel cartel was bursted. The cartel is bursted, but not dead. These enemies of the Nigerian economy who are fired by their greed must be carefully watched and managed. They never relent and often employ new strategies to achieve their goal. The new approach is to build a debt burden in the sector and later call for servicing of the debt from increased internal revenue from downstream sector. The President wants to fall for it by going for the loan when it is only a trap. The loans will be mismanaged certainly and the burden will fall on the Nigerian people. The sector is looking for foreign investors who will be committed to optimum utilization of their funds and realization of operational efficiency of the project.

The new antic is to build up debt in the sector.Foreign development partners only need to come in as investors in joint ventures. Government cannot manage any loans on our behalf because of corruption. GEJ will not take any loan if he wants our votes.