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Nairaland Forum / Nairaland / General / Politics / Breaking!! Nigeria Can't Find Buyers For Her Oil (9401 Views)
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Re: Breaking!! Nigeria Can't Find Buyers For Her Oil by fr3do(m): 10:11am On Dec 09, 2014 |
ISpiksDaTroof: Shame on you! 3 Likes
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Re: Breaking!! Nigeria Can't Find Buyers For Her Oil by Horus(m): 11:13am On Dec 09, 2014 |
https://www.youtube.com/watch?v=uxFZ8J8W34w [size=15pt]This is not a short term drop in oil price - Bismarck Rewane on Straight Talk with Kadaria 35a[/size] "Straight Talk with Kadaria" with special guest and financial consultant Mr Bismarck Rewane speaking about the rapid drop in oil prices globally and its implications for the Nigerian economy and the average Nigerian. 2 Likes |
Re: Breaking!! Nigeria Can't Find Buyers For Her Oil by Blackfire(m): 11:46am On Dec 09, 2014 |
[quote author=Aigbofa post=28710369]Even if you kidnap a foreign oil worker now, the employer will not pay you a dime. They will tell you to keep him. [/quote] no wonder nobody is asking of this white man since 3wks,he don finisi our half bag of rice 1 Like |
Re: Breaking!! Nigeria Can't Find Buyers For Her Oil by Nobody: 12:40pm On Dec 09, 2014 |
Is it possible to drink crude oil? 2 Likes |
Re: Breaking!! Nigeria Can't Find Buyers For Her Oil by Nobody: 12:52pm On Dec 09, 2014 |
[size=18pt]Yet a servant leader awaits your instruction to allow him to sort out this mess.[/size] 5 Likes 1 Share |
Re: Breaking!! Nigeria Can't Find Buyers For Her Oil by Nobody: 12:54pm On Dec 09, 2014 |
The interviewer Kadaria Ahmed looks scared by what she is being told. Horus: 1 Like |
Re: Breaking!! Nigeria Can't Find Buyers For Her Oil by ISpiksDaTroof: 1:16pm On Dec 09, 2014 |
Anyone can type up that rubbish. That doesn't even look real. Looks like something someone worked up using a 19th century typewriter. Besides, that doesn't belong to you, you grabbed it off the internet. Dont you tire of being a crook? 3 Likes |
Re: Breaking!! Nigeria Can't Find Buyers For Her Oil by rodbel(m): 1:18pm On Dec 09, 2014 |
madamoringo: 100likes for you 1 Like |
Re: Breaking!! Nigeria Can't Find Buyers For Her Oil by Nobody: 1:51pm On Dec 09, 2014 |
Well Nigeria should focus on local refining of petrol and all bye-products of crude for export purposes. While the price of crude may drop or the demand for crude may drop I doubt the demand for Petrol may ever drop. The price of petrol is also only increasing all the time. If we refine petrol more than our consumption requires we can sell petrol to the African market and will not have to rely on America. The export of crude is very very lazy. Let's think outside the box. Let's reform NNPC to compete with the likes of BP, Petrobas or Gazprom! 1 Like |
Re: Breaking!! Nigeria Can't Find Buyers For Her Oil by anonimi: 2:19pm On Dec 09, 2014 |
braine: When the forward-looking Jonathan/Sambo administration proposed subsidy removal almost three years ago, did we not cluelessly follow the dubious characters in the "opposition" to reject the sound economic initiative A move for DEREGULATION that would have meant enhanced local refinery capacity that would INITIALLY result in increased fuel pump prices but reduction over time accelerated by this type of crude oil price drop. The federal government would have STOPPED paying subsidies and instead be receiving licencing fees & taxes to be SHARED as usual with the 36 states and 774 LGAs! The question is why are we so clueless by focusing on short term POPULARITY gains and neglecting the SACRIFICE needed to pursue long term POLICY gains 2 Likes 1 Share |
Re: Breaking!! Nigeria Can't Find Buyers For Her Oil by Nobody: 2:22pm On Dec 09, 2014 |
anonimi: Is it impossible to invest on boosting local refining while still subsidising pump price? 2 Likes |
Re: Breaking!! Nigeria Can't Find Buyers For Her Oil by anonimi: 2:24pm On Dec 09, 2014 |
GenBuhari: I finally see something to agree with you- General Muhammadu Buhari is so bereft of ideas (as demonstrated in his image laundering Channels TV interview) that he has to wait on our instructions to know what he needs to do. Such an epitome of DAFTNESS. Anyway sha nor be today the man start to dey wait for instructions, even when with his supposed peers I guess only those who are MORE clueless than the old soldier is, are the ones clamouring for his return to power so he can beat their "senseless & useless" brains into discipline 1 Like 1 Share |
Re: Breaking!! Nigeria Can't Find Buyers For Her Oil by anonimi: 2:30pm On Dec 09, 2014 |
mikeansy: Government has no business DOING business. Its role should be to facilitate and regulate the private sector participants to ensure the consumers/citizens are not taken undue advantage of while ensuring prompt receipt of taxes and excise duties etc due from the investors. Do you know of any developed or seriously developing country whose companies/industries are OWNED/RUN by the government I hope I have responded adequately to your post. 3 Likes |
Re: Breaking!! Nigeria Can't Find Buyers For Her Oil by chemali: 2:32pm On Dec 09, 2014 |
anonimi: And I guess Sure-P has been a resounding success. 1 Like |
Re: Breaking!! Nigeria Can't Find Buyers For Her Oil by anonimi: 2:35pm On Dec 09, 2014 |
chemali: Is it safe to assume that you agree it is a success BUT do not think the success is big enough to be qualified by you as resounding? Did I get that right 2 Likes |
Re: Breaking!! Nigeria Can't Find Buyers For Her Oil by 7lives: 2:49pm On Dec 09, 2014 |
No wonder GMB wept in 2011, so Nigeria is heading back to the era of SAP, daris godu o. 1 Like |
Re: Breaking!! Nigeria Can't Find Buyers For Her Oil by Nobody: 2:51pm On Dec 09, 2014 |
Well Good to know let the suffering start and we would sit up. |
Re: Breaking!! Nigeria Can't Find Buyers For Her Oil by YEMOYEMI: 2:53pm On Dec 09, 2014 |
Can't the oil get dry completely? I think the oil brought more curse to the country than any good. 1 Like |
Re: Breaking!! Nigeria Can't Find Buyers For Her Oil by Nobody: 3:27pm On Dec 09, 2014 |
Which govt do you expect to do this? The current govt? ? mikeansy: |
Re: Breaking!! Nigeria Can't Find Buyers For Her Oil by Nobody: 3:37pm On Dec 09, 2014 |
anonimi: Oil in Nigeria is not mere business. It is central to our National Security. What we do with crude oil is the business of Government. 3 Likes |
Re: Breaking!! Nigeria Can't Find Buyers For Her Oil by AZeD1(m): 3:39pm On Dec 09, 2014 |
anonimi:Norway -> Statoil 67% owned by the government. Brazil -> Petrobras 64% owned by the government China -> Economy is dominated by state run enterprises South Korea -> Kepco 51% owned by the government France -> EDF 80% owned by the government. Its a big lie that government shouldn't do business. The largest 13 oil companies in the world, are state owned. 3 Likes |
Re: Breaking!! Nigeria Can't Find Buyers For Her Oil by anonimi: 3:42pm On Dec 09, 2014 |
mikeansy: You were not talking about what we do with crude oil simply, were you I thought you were talking about refining locally vis-a-vis the pump price as per your initial posted below? mikeansy: |
Re: Breaking!! Nigeria Can't Find Buyers For Her Oil by atlwireles: 3:58pm On Dec 09, 2014 |
AZeD1: Please tell us the role played by government in all the companies you listed? What business is government doing in all these companies? 2 Likes |
Re: Breaking!! Nigeria Can't Find Buyers For Her Oil by anonimi: 3:59pm On Dec 09, 2014 |
AZeD1: Thanks for pointing out my over-generalisation with examples of businesses that still remain in the hands of government in the listed countries. However, you will note that these enterprises have state investments just enough to have effective control while allowing profit-driven private investors to do the day-to-day operations for greater efficiency based on meritocracy. Moreover you may wish to take note of this news item: France May Sell Parts of State-Backed Companies I believe Britain did similar privatisation starting in the 80s under Margaret Thatcher. 1 Like |
Re: Breaking!! Nigeria Can't Find Buyers For Her Oil by Nobody: 4:04pm On Dec 09, 2014 |
anonimi: The drive to build local refining capacity in an industrial scale to offset the shortfall in crude sales needs government support. If after kicking this off and making sure it is succeeding Government decide to privatise it then thats fine. But for now it will not be bad to model NNPC on similar State Owned companies as GAZPROM and PETROBAS. I think BP used to be state owned until it became Private. 2 Likes |
Re: Breaking!! Nigeria Can't Find Buyers For Her Oil by AZeD1(m): 4:06pm On Dec 09, 2014 |
anonimi:Britain along with other western nations privatized most of the states owned companies. I have no problem with that. I only brought it because Nigerians have been told that the government is not effective in running a company. 1 Like |
Re: Breaking!! Nigeria Can't Find Buyers For Her Oil by anonimi: 4:09pm On Dec 09, 2014 |
AZeD1: Thanks for bringing this up with very solid examples. However do you think there is a general, overwhelming consensus of opinion that private investors are MORE effective in running a company 1 Like |
Re: Breaking!! Nigeria Can't Find Buyers For Her Oil by anonimi: 4:14pm On Dec 09, 2014 |
mikeansy: We are probably saying the same thing from different angles. While you are looking at the starting point with government support I am looking at much further down the line with government-regulated but private sector led robust investment and growth that yields greater REVENUE to government than increased subsidies to parasitic government-owned companies. Moreover you did not define the type & extent of support you expect from government to kick-start & encourage the initial phase of the industrialisation process. Do you wish to expand on that |
Re: Breaking!! Nigeria Can't Find Buyers For Her Oil by AZeD1(m): 4:23pm On Dec 09, 2014 |
anonimi:Yes and that's because of bureaucracy. My argument is the same set of people who run private enterprises are no different from those in government. You just need to set the right policies. E.g, We should get rid of federal character and everything that doesn't scream meritocracy from the Nigerian civil service. 1 Like |
Re: Breaking!! Nigeria Can't Find Buyers For Her Oil by anonimi: 4:30pm On Dec 09, 2014 |
AZeD1: That is a good WISH. However our reality is that we cannot "get rid of federal character and everything that doesn't scream meritocracy from the Nigerian civil service" and government parastatals as well as government-owned companies. And I do not think this phenomenon is limited to our country or African countries only i.e. COMPARATIVE better efficiency & effectiveness of the private sector/company vis-a-vis the public service/government-owned company. |
Re: Breaking!! Nigeria Can't Find Buyers For Her Oil by AZeD1(m): 4:39pm On Dec 09, 2014 |
anonimi:Its not limited to African countries alone as most government jobs are unionized. |
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