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Where Is Nigeria's Money??? - Politics - Nairaland

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Where Is Nigeria's Money??? by TariEnoch(m): 8:12am On Aug 27, 2012
1. Crude Oil production per day - 2.5million barrels
2. Current Crude Oil Price = $113/barrel
3. Daily Sales = 2.5 x 113 = $282.5 million per day
4. Monthly Sales = $282.5m x 30days = $8.475 billion
5. Yearly Sales = $8.475 billion X 12 = $101.7 billion
6. Naira Equivalent = $101.7 billion X N160 = N16.272 trillion Naira per year.
7. Nigeria's budget for 2012. = N4.5 trillion Naira. WHERE IS THE BALANCE OF N11.772 Trillion Naira. WHERE HAS PRESIDENT JONATHAN KEPT NIGERIA'S
MONEY THAT NIGERIANS ARE DYING. NIGERIANS
VOTED FOR "A BREATH OF FRESH AIR" BUT WHAT WE
ARE GETTING SEEMS WORST THAN THE OLD AIR.

Re: Where Is Nigeria's Money??? by AtheistD(m): 8:22am On Aug 27, 2012
Tari Enoch: 1. Crude Oil production per day - 2.5million barrels
2. Current Crude Oil Price = $113/barrel
3. Daily Sales = 2.5 x 113 = $282.5 million per day
4. Monthly Sales = $282.5m x 30days = $8.475 billion
5. Yearly Sales = $8.475 billion X 12 = $101.7 billion
6. Naira Equivalent = $101.7 billion X N160 = N16.272 trillion Naira per year.
7. Nigeria's budget for 2012. = N4.5 trillion Naira. WHERE IS THE BALANCE OF N11.772 Trillion Naira. WHERE HAS PRESIDENT JONATHAN KEPT NIGERIA'S
MONEY THAT NIGERIANS ARE DYING. NIGERIANS
VOTED FOR "A BREATH OF FRESH AIR" BUT WHAT WE
ARE GETTING SEEMS WORST THAN THE OLD AIR.

I just do not understand cry.

So it has taken this long for someone to finally highlight what I have been bangimg on about for months. The subsidy saga etc is just a distraction from the real truth. The truth is that something odd is going on. How can we be in debt and need to borrow when we are having maximum crude production and sales as well as high crude prices. Even the subsidy saga is not more than 1.3 trillion... and that is to the marketers they have actually paid embarassed.

Something fishy is goin on
Re: Where Is Nigeria's Money??? by AtheistD(m): 8:22am On Aug 27, 2012
Tari Enoch: 1. Crude Oil production per day - 2.5million barrels
2. Current Crude Oil Price = $113/barrel
3. Daily Sales = 2.5 x 113 = $282.5 million per day
4. Monthly Sales = $282.5m x 30days = $8.475 billion
5. Yearly Sales = $8.475 billion X 12 = $101.7 billion
6. Naira Equivalent = $101.7 billion X N160 = N16.272 trillion Naira per year.
7. Nigeria's budget for 2012. = N4.5 trillion Naira. WHERE IS THE BALANCE OF N11.772 Trillion Naira. WHERE HAS PRESIDENT JONATHAN KEPT NIGERIA'S
MONEY THAT NIGERIANS ARE DYING. NIGERIANS
VOTED FOR "A BREATH OF FRESH AIR" BUT WHAT WE
ARE GETTING SEEMS WORST THAN THE OLD AIR.

I just do not understand cry.
So it has taken this long for someone to finally highlight what I have been bangimg on about fpr months. The subsidy saga etc is just a distraction from the real truth. The truth is that something pdd is going on. How can we be in debt and jeed to borrow when we are having maximum crude production and sales as well as high crude prices. Even the subsidy saga is not more than 1.3 trillion... and that is to the marketers they have actually paid embarassed.

Somethon fishy is goin on

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