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Economic Woes Heighten As Buyers Shun Nigerian Crude - Politics (8) - Nairaland

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Re: Economic Woes Heighten As Buyers Shun Nigerian Crude by Nobody: 11:08am On Nov 24, 2015
otukpo:
Things have already gone too bad.
Our belt tightening since june this year is almost cutting off breach.
How much longrr are we going to continue like this?
We are really FINISHED.
MOST PEOPLE will be dropped next year.

No major federal GOVERNMENT Job going on in Nigeria.
GEJ saw it coming, right from when he declined signing that GAY LAW.

he started by divisifying the economy. Though he had his flaws.

No we are back to square one.
Next year will mark the MOTHER OF ALL STRIKES.

BUHARI needs prayers, that's IF he has good intentions.
Re: Economic Woes Heighten As Buyers Shun Nigerian Crude by Nobody: 11:16am On Nov 24, 2015
lastpage:


Inward-looking means "policy and actions that puts the local market as priority!

This means instead of, for example, developing "Export Infrastructure" for crude, we should be investing in building local refineries!


just to mention one example.



Lastpage!

Good, you said refinery.

Nigeria cannot run a refinery. And all by products of crude are generated by refineries.

Tell Buhari to sell our refineries to private investors while we keep waiting for Dangote's refinery to come on stream.

1 Like

Re: Economic Woes Heighten As Buyers Shun Nigerian Crude by AdeniyiA(m): 11:23am On Nov 24, 2015
Kay17:


If I was an oil trader, I would rather burn the oil in open air than sell in the local market, because it is not PROFITABLE!

so you'd rather throw your food away instead of eating it because it's not profitable?

starve to death then...
Re: Economic Woes Heighten As Buyers Shun Nigerian Crude by Nobody: 11:24am On Nov 24, 2015
Truckpusher:
In Nnamdi Kanu's voice *The zoo is going down without a fight* grin grin grin grin

Lolz.. in IPOB voice.. the zoo must fall... last time I check that guy na half life remain for am oo.. Lolz. He never see anything..

#The Zoo must fall o grin grin grin.. omo this news sweet me die.. I pray nobody buy the oil.. let's see hw those foolish parasites cope. if this were to be GEJ tenure the media won't let us rest. wat a pity, I voted APzc
Re: Economic Woes Heighten As Buyers Shun Nigerian Crude by Ibime(m): 11:29am On Nov 24, 2015
francizy:
We told them that he's an economic assassin, but they claimed his integrity will block loopholes.

We told them that he's corrupt just like his fellow croonies, but they claimed he never stole a dime.

We told them he's old, dull and slow, but they said they preferred a dullàrd that created Western Germany and President Mitchell's to a PhD holder that transformed the Agricultural sector of the economy.

We told them he doesn't have the moral standard, will and the technological knowhow to tackle corruption, but they claimed even witch hunting is fighting corruption.

We told them he's full of lies and deciet, but they hoped on the mirage NGN5,000 salary for the jobless and one meal pa day for their kids.

We told them that since he knew nothing about fuel subsidy, then he knows nothing about the petroleum industry/sector of the Nigerian economy but they claimed he'll stabilize world oil price and reduce PMS price to NGN40 per litre.

We told them he has no respect for the rule of law, but they claimed the judiciary was corrupt.

We told them his government is usually marked with heavy job losses and too harsh economic policies but they said they preferred to be jobless in a change government than to be gainfully employed in a Transformation government.

We told them he is not as humble as he looks but they said he had only NGN1million and 150 cows.

We told them that he's too old to govern, they claimed our youths are wasted generations.

We told them he doesn't have a certificate, they said he can use his NEPA bill.

We told them he's vindictive, but they said as far as they are concerned, he can employ all his family members, relatives and well wishers into his cabinet, even if they have no formal education, as long as they deliver.

We told them he's an enemy of democracy, they claimed they prefer his autocracy to the Nigerian Democracy.

We told them he's not humble but only a pretender, they said he'll sell off the presidential jets in order to cut cost of governance.

We told them he doesn't care about the Nigerian citizens, but they claimed he belongs to everybody and belongs to nobody, even though his appointments were mainly for the north, he embarks on fruitless journeys and speaks only to BBC Hausa.

We told them he supported Boko Haram, they told us that even if they found him in a meeting with Shekau and co, that wouldn't stop them from voting him.

We asked for any tangible thing he's done for the country after staying away from government for so long, they claimed it didn't matter.

We told him to get up from honeymoon and hit the ground running, but they called us wailers..

Finally, we told them he's a scam, but they shouted Sai Baba! grin

Behold Nigerians, here is your much desired change! cry

Will you shut the phuck up.

What does this report have to do with Buhari?

Nigeria is in trouble with low oil prices, you are busy pointing fingers. Did the report not show that the unsold cargoes are from December 2014.

Look, Nigeria is phucked economically as long as the price of crude oil is so low.

The thief GEJ who was in power for 6 years when oil price was $100pb, yet depleted our savings is the one who has led us down this path where we have nothing to absorb the shock of decrease in revenue.

GEJ put us in debt during a time of glut.

This is why Nigeria needs to start killing thieves.

3 Likes

Re: Economic Woes Heighten As Buyers Shun Nigerian Crude by Liftkid(m): 11:31am On Nov 24, 2015
Emmalaw10:
In Phyno's voice "o nwebeghi ihe ifu".

'' I don tire For this people'' apc
Re: Economic Woes Heighten As Buyers Shun Nigerian Crude by millhouse: 11:32am On Nov 24, 2015
Fyt
Re: Economic Woes Heighten As Buyers Shun Nigerian Crude by Originalsly: 11:57am On Nov 24, 2015
Wasn't this expected?.....and why are they still hoping and expecting crude oil sales would somehow pick up? The US was the biggest importer of crude oil...now they have to export...how can we ever expect to depend on crude oil sales? I hope they come to their senses and for us on refineries....that's where the money is at.
Re: Economic Woes Heighten As Buyers Shun Nigerian Crude by Nobody: 12:02pm On Nov 24, 2015
stinggy:

State and Local Government isn't government?
What Agriculturalists need are subsidised seedlings, cheap fertilizers, cheap tractor services, etc, then maybe farm settlements and access to water through irrigation and a functional Agric board. All these can be handled by SG and LG, if only they are serious


No state in nigeria has the funding to invest in agriculture. Enugu state budget is 93 billion Naira, that's nothing in d agric sector.

1 Like

Re: Economic Woes Heighten As Buyers Shun Nigerian Crude by trapQ: 12:12pm On Nov 24, 2015
excuse me... the oil is owned by SS, not ipob or biafrans. take note
saintgoogle:
Start exploring other natural resources Nigeria is blessed we have them in abundant lets leave the IPOB with there oil they can secess with it if they want or die with it for all I care

1 Like

Re: Economic Woes Heighten As Buyers Shun Nigerian Crude by baby124: 12:16pm On Nov 24, 2015
Well crude oil price is very low, no economic diversification, so it is expected. Even oil companies have seriously cut back. It is where we are in the world. The country's that buy have hoarded enough while we were taking bribes and selling ourselves short. Hailing and supporting the thieves. So let us deal with it na. Every action has a reaction. Buhari should sha ensure they clean up Niger Delta or impose heavy fines on the companies. Enough to revive our economy. Time to approve the budget and focus on nation building with LOCAL man power to create jobs in the economy.
Re: Economic Woes Heighten As Buyers Shun Nigerian Crude by Nobody: 12:33pm On Nov 24, 2015
then let's shift to agriculture na
Re: Economic Woes Heighten As Buyers Shun Nigerian Crude by stinggy(m): 12:42pm On Nov 24, 2015
chuna1985:



No state in nigeria has the funding to invest in agriculture. Enugu state budget is 93 billion Naira, that's nothing in d agric sector.
Oyo budgets around 150B, Delta budgets more than double yet workers are always owed, are these money draining into ocean?
Do you know how much the Governor pockets as Security vote even in the paltry 93B you say Enugu budgets?
Re: Economic Woes Heighten As Buyers Shun Nigerian Crude by francizy(m): 12:44pm On Nov 24, 2015
Ibime:


Will you shut the phuck up.

What does this report have to do with Buhari?

Nigeria is in trouble with low oil prices, you are busy pointing fingers. Did the report not show that the unsold cargoes are from December 2014.

Look, Nigeria is phucked economically as long as the price of crude oil is so low.

The thief GEJ who was in power for 6 years when oil price was $100pb, yet depleted our savings is the one who has led us down this path where we have nothing to absorb the shock of decrease in revenue.

GEJ put us in debt during a time of glut.

This is why Nigeria needs to start killing thieves.

E pain am!!! grin

3 Likes 1 Share

Re: Economic Woes Heighten As Buyers Shun Nigerian Crude by Bestbeelieve: 12:46pm On Nov 24, 2015
stinggy:
Diversify this shittty economy; Agric, Tin, Limestone, Metal ore, etc.
Each state has one thing or the other her land is good for but we have visionless and lazy governors who depend solely on handouts from Abuja at month end.

It was very painful to watch Ajimobi talk about 3rd bail-out fund at a time when talks should be intense on how to look away from FG money and grow each state's IGR.
. It obviously shows how empty he is to handle the reigns of government.No visionary leadership just living for the day.
Re: Economic Woes Heighten As Buyers Shun Nigerian Crude by Ibime(m): 12:51pm On Nov 24, 2015
francizy:


E pain am!!! grin

Na you e dey pain. I havent lived in Nigeria for 19 years.

Dey there dey suffer am while playing sentimental politics.

1 Like

Re: Economic Woes Heighten As Buyers Shun Nigerian Crude by francizy(m): 12:53pm On Nov 24, 2015
Ibime:


Na you e dey pain. I havent lived in Nigeria for 19 years.

Dey there dey suffer am while playing sentimental politics.

You haven't lived in Nigeria for 19years but yet you conversing in what you know nothing about. Oga park one side abegi! undecided

Go face your country and leave Nigerian matter for Nigerians, OK? undecided

4 Likes 1 Share

Re: Economic Woes Heighten As Buyers Shun Nigerian Crude by Nobody: 12:59pm On Nov 24, 2015
We've been caught in a friendly fire.
Re: Economic Woes Heighten As Buyers Shun Nigerian Crude by Ibime(m): 12:59pm On Nov 24, 2015
francizy:


You haven't lived in Nigeria for 19years but yet you conversing in what you know nothing about. Oga park one side abegi! undecided

E dey pain you?

Kindly tell us the oil price during GEJs tenure, and tell us how he met the Excess Crude Account and Foreign Reserves, and where he left it.

To the point where FG workers were owed salary when he left, Nigeria was broke and in debt and oil price had now fallen.

You expect someone to come in and carry GEJs debts while earning half his revenue and still move the country forward with capital projects when oil price cannot even cover the debts GEJ left.

Yet you have the gumption to dey blame the wrong person who inherited this mess. Either you are stupid or biased. Continue to dey suffer am. E never start to pain you. You deserve it.

3 Likes 1 Share

Re: Economic Woes Heighten As Buyers Shun Nigerian Crude by francizy(m): 1:03pm On Nov 24, 2015
Ibime:


E dey pain you?

Kindly tell us the oil price during GEJs tenure, and tell us how he met the Excess Crude Account and Foreign Reserves, and where he left it.

To the point where FG workers were owed salary when he left, Nigeria was broke and in debt and oil price had now fallen.

You expect someone to come in and carry GEJs debts while earning half his revenue and still move the country forward with capital projects when oil price cannot even cover the debts GEJ left.

Yet you have the gumption to dey blame the wrong person who inherited this mess. Either you are stupid or biased. Continue to dey suffer am. E never start to pain you. You deserve it.

Oga, you're not a Nigerian so leave Nigerian matter for Nigerians to discuss. You know nothing about this discuss and you therefore have to allow people who had a first class experience discuss it. Stop talking based on hear say.

3 Likes

Re: Economic Woes Heighten As Buyers Shun Nigerian Crude by lastpage: 1:25pm On Nov 24, 2015
Naughtysite:


Good, you said refinery.

Nigeria cannot run a refinery. And all by products of crude are generated by refineries.

Tell Buhari to sell our refineries to private investors while we keep waiting for Dangote's refinery to come on stream.

When l read what you wrote up there, l cannot but feel sympathy for you!

There are "Nigerians" running Refineries world over.
There are "Nigerians" working in NASA, some WORKING VARIOUS NUCLEAR PLANTS, etc, in various countries of the world.

NEPA has been sold to private investors in the last four years or so..... yet Power is still epileptic


Corruption is our bane... and Buhari is steadily tackling it.


Lastpage!
Re: Economic Woes Heighten As Buyers Shun Nigerian Crude by Forwetinnah: 1:39pm On Nov 24, 2015
francizy:
We told them that he's an economic assassin, but they claimed his integrity will block loopholes.

We told them that he's corrupt just like his fellow croonies, but they claimed he never stole a dime.

We told them he's old, dull and slow, but they said they preferred a dullàrd that created Western Germany and President Mitchell to a PhD holder that transformed the Agricultural sector of the economy.

We told them he doesn't have the moral standard, will and the technological knowhow to tackle corruption, but they claimed even witch hunting is fighting corruption.

We told them he's full of lies and deciet, but they hoped on the mirage NGN5,000 salary for the jobless and one meal pa day for their kids.

We told them that since he knew nothing about fuel subsidy, then he knows nothing about the petroleum industry/sector of the Nigerian economy but they claimed he'll stabilize world oil price and reduce PMS price to NGN40 per litre.

We told them he has no respect for the rule of law, but they claimed the judiciary was corrupt.

We told them his government is usually marked with heavy job losses and too harsh economic policies but they said they preferred to be jobless in a change government than to be gainfully employed in a Transformation government.

We told them he is not as humble as he looks but they said he had only NGN1million and 150 cows.

We told them that he's too old to govern, they claimed our youths are wasted generations.

We told them he doesn't have a certificate, they said he can use his NEPA bill.

We told them he's vindictive, but they said as far as they are concerned, he can employ all his family members, relatives and well wishers into his cabinet, even if they have no formal education, as long as they deliver.

We told them he's an enemy of democracy, they claimed they prefer his autocracy to the Nigerian Democracy.

We told them he's not humble but only a pretender, they said he'll sell off the presidential jets in order to cut cost of governance.

We told them he doesn't care about the Nigerian citizens, but they claimed he belongs to everybody and belongs to nobody, even though his appointments were mainly for the north, he embarks on fruitless journeys and speaks only to BBC Hausa.

We told them he supported Boko Haram, they told us that even if they found him in a meeting with Shekau and co, that wouldn't stop them from voting him.

We asked for any tangible thing he's done for the country after staying away from government for so long, they claimed it didn't matter.

We told him to get up from honeymoon and hit the ground running, but they called us wailers..

Finally, we told them he's a scam, but they shouted Sai Baba! grin

Behold Nigerians, here is your much desired change! cry

Biggest scam ever in any democracy...shame

2 Likes 1 Share

Re: Economic Woes Heighten As Buyers Shun Nigerian Crude by lastpage: 1:40pm On Nov 24, 2015
francizy:
We told them that he's an economic assassin, but they claimed his integrity will block loopholes.

We told them that he's corrupt just like his fellow croonies, but they claimed he never stole a dime.

We told them he's old, dull and slow, but they said they preferred a dullàrd that created Western Germany and President Mitchell's to a PhD holder that transformed the Agricultural sector of the economy.

We told them he doesn't have the moral standard, will and the technological knowhow to tackle corruption, but they claimed even witch hunting is fighting corruption.

We told them he's full of lies and deciet, but they hoped on the mirage NGN5,000 salary for the jobless and one meal pa day for their kids.

We told them that since he knew nothing about fuel subsidy, then he knows nothing about the petroleum industry/sector of the Nigerian economy but they claimed he'll stabilize world oil price and reduce PMS price to NGN40 per litre.

We told them he has no respect for the rule of law, but they claimed the judiciary was corrupt.

We told them his government is usually marked with heavy job losses and too harsh economic policies but they said they preferred to be jobless in a change government than to be gainfully employed in a Transformation government.

We told them he is not as humble as he looks but they said he had only NGN1million and 150 cows.

We told them that he's too old to govern, they claimed our youths are wasted generations.

We told them he doesn't have a certificate, they said he can use his NEPA bill.

We told them he's vindictive, but they said as far as they are concerned, he can employ all his family members, relatives and well wishers into his cabinet, even if they have no formal education, as long as they deliver.

We told them he's an enemy of democracy, they claimed they prefer his autocracy to the Nigerian Democracy.

We told them he's not humble but only a pretender, they said he'll sell off the presidential jets in order to cut cost of governance.

We told them he doesn't care about the Nigerian citizens, but they claimed he belongs to everybody and belongs to nobody, even though his appointments were mainly for the north, he embarks on fruitless journeys and speaks only to BBC Hausa.

We told them he supported Boko Haram, they told us that even if they found him in a meeting with Shekau and co, that wouldn't stop them from voting him.

We asked for any tangible thing he's done for the country after staying away from government for so long, they claimed it didn't matter.

We told him to get up from honeymoon and hit the ground running, but they called us wailers..

Finally, we told them he's a scam, but they shouted Sai Baba! grin

Behold Nigerians, here is your much desired change! cry


WE TOLD YOU TO STOP #WAILING ..... you said GEJ already PAID YOU FOR IT! undecided

We said STOP taking BLOOD MONEY, .... You said you cant stop as it is a curse from your fore-fathers!
shocked shocked shocked

We said "KONTINUE, till 2023" then!
tongue tongue tongue tongue



Lastpage!

1 Like

Re: Economic Woes Heighten As Buyers Shun Nigerian Crude by francizy(m): 1:42pm On Nov 24, 2015
lastpage:



WE TOLD YOU TO STOP #WAILING ..... you said GEJ already PAID YOU FOR IT! undecided

We said STOP taking BLOOD MONEY, .... You said you cant stop as it is a curse from your fore-fathers!
shocked shocked shocked

We said "KONTINUE, till 2023" then!
tongue tongue tongue tongue



Lastpage!

E pain am!

3 Likes 1 Share

Re: Economic Woes Heighten As Buyers Shun Nigerian Crude by Nobody: 1:44pm On Nov 24, 2015
lastpage:


When l read what you wrote up there, l cannot but feel sympathy for you!

There are "Nigerians" running Refineries world over.
There are "Nigerians" working in NASA, some WORKING VARIOUS NUCLEAR PLANTS, etc, in various countries of the world.

NEPA has been sold to private investors in the last four years or so..... yet Power is still epileptic


Corruption is our bane... and Buhari is steadily tackling it.


Lastpage!

If you want, you can work in NASA or NATO.

Which of our refineries is currently functioning ? NONE.

When we want to analyze a situation, lets state the truth.

Nigeria cannot run a refinery.

1 Like

Re: Economic Woes Heighten As Buyers Shun Nigerian Crude by Nobody: 1:53pm On Nov 24, 2015
Ofornaira:
It's really painful that people like u are still pointing finger at jonathan. Are u saying that apc has no plans of their own on how to move this nation forward? U should know that the economy of any country is made better by the plans of her leaders. I am afraid. the economy may be worse in the future if apc continues this way.

all i am saying is that it might get worse before it gets better.
Re: Economic Woes Heighten As Buyers Shun Nigerian Crude by Nobody: 1:55pm On Nov 24, 2015
Naughtysite:


Tell Buhari to go and borrow from China say $1trillion. They have excess funds.. Let every Nigerian keep enjoying. When things improve, we pay back. Say when oil hits above $50 a barrel.

Its just that he lacks the management acumen.

i'm sure you can tell him that yourself, cant you?
Re: Economic Woes Heighten As Buyers Shun Nigerian Crude by Nobody: 1:59pm On Nov 24, 2015
EternalTruths:



Why not ask to control your resources instead of waiting for free oil


Lazy cocoa farmer grin

free oil? let me guess, you are one of the "our oyel" crew right?

i guess the oil just discovered itself and refined itself for u guys abi?

oh i forgot, your ancestors were the ones who put in the ground for you because they knew you would need it someday, no be so?
Re: Economic Woes Heighten As Buyers Shun Nigerian Crude by mandax: 4:59pm On Nov 24, 2015
CyberWolf:
As long as we keep practicing this system of government, we will continue to move in the negative direction. True federalism is the answer but we know the parasitic region that is always against it.. angry


Iyariba demands True Federalism only on the lips.
When it comes to voting for True Federalism, Iyaruba votes for regional government without fiscal federalism. They still depend on crude oil from Niger delta for survival. Guess why Iyaruba campaign day and night against Biafra.
Re: Economic Woes Heighten As Buyers Shun Nigerian Crude by poseidon12: 10:28pm On Nov 24, 2015
francizy:
We told them that he's an economic assassin, but they claimed his integrity will block loopholes.

We told them that he's corrupt just like his fellow croonies, but they claimed he never stole a dime.

We told them he's old, dull and slow, but they said they preferred a dullàrd that created Western Germany and President Mitchell's to a PhD holder that transformed the Agricultural sector of the economy.

We told them he doesn't have the moral standard, will and the technological knowhow to tackle corruption, but they claimed even witch hunting is fighting corruption.

We told them he's full of lies and deciet, but they hoped on the mirage NGN5,000 salary for the jobless and one meal pa day for their kids.

We told them that since he knew nothing about fuel subsidy, then he knows nothing about the petroleum industry/sector of the Nigerian economy but they claimed he'll stabilize world oil price and reduce PMS price to NGN40 per litre.

We told them he has no respect for the rule of law, but they claimed the judiciary was corrupt.

We told them his government is usually marked with heavy job losses and too harsh economic policies but they said they preferred to be jobless in a change government than to be gainfully employed in a Transformation government.

We told them he is not as humble as he looks but they said he had only NGN1million and 150 cows.

We told them that he's too old to govern, they claimed our youths are wasted generations.

We told them he doesn't have a certificate, they said he can use his NEPA bill.

We told them he's vindictive, but they said as far as they are concerned, he can employ all his family members, relatives and well wishers into his cabinet, even if they have no formal education, as long as they deliver.

We told them he's an enemy of democracy, they claimed they prefer his autocracy to the Nigerian Democracy.

We told them he's not humble but only a pretender, they said he'll sell off the presidential jets in order to cut cost of governance.

We told them he doesn't care about the Nigerian citizens, but they claimed he belongs to everybody and belongs to nobody, even though his appointments were mainly for the north, he embarks on fruitless journeys and speaks only to BBC Hausa.

We told them he supported Boko Haram, they told us that even if they found him in a meeting with Shekau and co, that wouldn't stop them from voting him.

We asked for any tangible thing he's done for the country after staying away from government for so long, they claimed it didn't matter.

We told him to get up from honeymoon and hit the ground running, but they called us wailers..

Finally, we told them he's a scam, but they shouted Sai Baba! grin

Behold Nigerians, here is your much desired change! cry
That's a good one francizy

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