chinchum:
At the moment, greed is not the only problem,

If there are 5 individuals in a room that need 10 cups of rice to be fed well, and you give them 4 cups of rice, that is a problem. The team leader of the 5 individuals might corner over 2 .5 cups from the 4 cups allocated, meaning 1.5 cups is left to be shared amongst 4 individuals, that is a greed problem, but that is not the only problem.

RaptorX:
There is no implications, the only people that will feel it are the looters in government. To ordinary Nigerians it doesn't make no difference if it sells at $200 per barrel or $20 per barrel.

Boss13:
I understand OPEC is going to cut supply to ensure price stability

phemmie06:
Biafra, you don't need water again o, you go drink crude oil tire. I am sure that is why you're liaising with the south south

Fear dey catch you?
E suppose catch you, becos we'll have more money to round.
Fewer dead weights
All of us for South South don learn our lessons.

We own the land, the North owns the oil blocks.
And you expect us to be happy

sammyj:
If I hear prophecy rather call it forecast or prediction based on trends and conspiracy to bring down the developing countries !!!

Ramanto:
What's OPEC doing?
More reason our export base needs to be diversified

phemmie06:
Biafra, you don't need water again o, you go drink crude oil tire. I am sure that is why you're liaising with the south south

phemmie06:
Biafra, you don't need water again o, you go drink crude oil tire. I am sure that is why you're liaising with the south south

bighuntenter:
By this time tomorrow, the price of oil will go up. I don't know how this is going to happen, but I believe God, that what He has said, that He will do. Do not believe the report of the wicked one, believe the report of the ALMIGHTY GOD, that, it is well with our country NIGERIA. Nigeria shall be the praise of all the nations of the earth. Nations will come to ask us how we did. Just believe. #Godwilldoit

Pavore9:


I am fully aware of what l am saying. We are so sucked up into believing that we cannot survive without oil. Kenya have discovered oil few years ago and have not even began production nor eager to rely on it because just like their President said they don't want to make the same mistake Nigeria made, She found oil and ignored other things! A litre of petrol for over the years sold for N224 in Kenya till last year when it came down to N180 but the transport fare in Kenya is far cheaper in comparison to Nigeria that sells under N100 per litre, this you can verify from any Nigerian living in Kenya. Domestic flight is also cheap, the same flight duration between Lagos and Abuja that is above N20,000 in Nigeria goes for N8,000 in Kenya and Nigeria happens to a oil producing Country!

Do you know how many billions of dollars Kenya earns from tourism and agriculture? 75% of Rose flowers sold in Europe is from Kenya and every night different airlines depart with cargoes of fruits, vegetables and flowers from Kenya heading to Europe to be sold in markets across Europe the next day. Nigerians go to Europe to buy the same flowers Kenya exported there!

Nigeria will NEVER die because of the fall in price of oil rather the crash will wake her up!

NaLaugh:


This is my exact sentiment. When I see talks online about the price of crude going to crap, and its effect on the Nigerian economy, I just laugh.

Nigeria's economic/developmental problems have NEVER been about a lack of incoming funds. Greed is the root cause.

If it sells at $200 or $20, the outlook for the average Nigerian makes no drastic change. Only those who perpetually steal the money will feel significant effects.

Some even mention "recession" in relation to this. How can an economy go from comatose to recession?

RaptorX:
There is no implications, the only people that will feel it are the looters in government. To ordinary Nigerians it doesn't make no difference if it sells at $200 per barrel or $20 per barrel.

harjayi:
how will FG finance the budget deficit when the oil price is down.

RaptorX:
There is no implications, the only people that will feel it are the looters in government. To ordinary Nigerians it doesn't make no difference if it sells at $200 per barrel or $20 per barrel.

RaptorX:
There is no implications, the only people that will feel it are the looters in government. To ordinary Nigerians it doesn't make no difference if it sells at $200 per barrel or $20 per barrel.

harjayi:
how will FG finance the budget deficit when the oil price is down.

RaptorX:
There is no implications, the only people that will feel it are the looters in government. To ordinary Nigerians it doesn't make no difference if it sells at $200 per barrel or $20 per barrel.

agabusta:


If the disagreement leads to a conflict, it will lead to increase in prices and not decline.

If they start a war, it will be a blessing in disguise for Nigeria. Oil prices will surge massively.

Kyase:
seriously, its time for the north to scream our food

Pavore9:


When it sold over $100, what did we achieve with it? We will be forced to focus on non-oil export. Nigeria will NEVER die because of the fall in price of oil rather the crash will wake her up!

Eluwilussit:


Nigeria may not die, but Nigerians surely will. Spot the difference?

Timbuktou:


Hahaha. Bros na gobe be dat o. Don't give these guys ideas abeg.

Kyase:

lol, we dey for the time sha

Timbuktou:


I dey tell you

kevinscore:
We can still scale through this,japan and china doesn't have a single oil field but they are among the world's richest country.

Teensway:
Tru talk, but why are our leaders corrupt? and what do you think is the solution.

Kposkila:


Corruption brought us to where we are now no doubt, it's not only in govt or politics, even our very family( d bases of the society) is corrupt, I ve seen cases of parents of jss 3 stds paying for expo for their wards, tell me how dat jss3 pupil won't be corrupt wen he or she grows up... to me the solution is fixing our families. Let our parents be more responsible and translate same to their children...

EbolaParasite:


Olodo. China has several oil fields!!!!!