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Crude Oil Hits $50 Per Barrel. Nigeria not Benefitting - Politics (3) - Nairaland

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Re: Crude Oil Hits $50 Per Barrel. Nigeria not Benefitting by permanentgrace(m): 1:00pm On May 26, 2016
Adeniyimi:
That's why I always pray to God to kill dis naija delta sponsor and those idiot carrying out d operation.
Why some tribe are so senseless to be distroying their future.
They need to get sense. Stupid fellow

Nigeria should be one of d richest in d world buy why God creat some idiotic tribe

But going by your name 'Adeniyimi, i thought Osun, Lagos, Ogun, Ondo and the rest of them are now oil producing states? So why do you still agitate for oil from Niger Delta who has been feeding your region for ages? I mean this shouldnt bother you in anyway since you are producing oil in your states as well. The country can depend for oil from your region especially now that Niger Delta is no longer giving out as before. Remember, Niger Delta region was feeding the entire nation. It is time for your region to take up the feeding responsibility.

Hypocrisy is really bad.

3 Likes

Re: Crude Oil Hits $50 Per Barrel. Nigeria not Benefitting by gebest: 1:00pm On May 26, 2016
Source
Re: Crude Oil Hits $50 Per Barrel. Nigeria not Benefitting by EmeeNaka: 1:01pm On May 26, 2016
it could be the 400 thousand barrels that Nigeria is losing on daily basis that shot up the price of the crude.
When Nigeria government do the right thing ,Nigeria will benefit.
Re: Crude Oil Hits $50 Per Barrel. Nigeria not Benefitting by crazymod: 1:02pm On May 26, 2016
LRNZH:


So is FG going to be negotiating with every aggrieved person in the Niger Delta because they have arms?

That is unsustainable in my opinion.



Lalasticlala u dey so?
Federal govt. should negotiate with other states or community that have oil. Let ijaws in delta and Bayelsa drink their oil.............. then the two states will no longer receive 13% until the governors and communities find solution.
Agbor and ukwuani in Delta State have untapped oil wells. They will be happy if Fed. govt. come to tap their resources.

IF FED GOVT. GIVE THESE GUYS AMNESTY, ANOTHER GROUP WILL COME OUT IN 4 YEARS WHEN ANOTHER PRESIDENT TAKE OVER.

1 Like

Re: Crude Oil Hits $50 Per Barrel. Nigeria not Benefitting by persius555(m): 1:07pm On May 26, 2016
Its really annoying to see that a country of 180 million hardworking and enterprising citizens has been reduced to a oil dependent country.
What happens when oil dries up in the nearest future? Food for thought.
Re: Crude Oil Hits $50 Per Barrel. Nigeria not Benefitting by Dcomrade(m): 1:11pm On May 26, 2016
Uduak2019:


Another APC criminal...what excuse do you have now again? Blame me for not understanding the article?
grin grin grin
Re: Crude Oil Hits $50 Per Barrel. Nigeria not Benefitting by sammhi(m): 1:11pm On May 26, 2016
989900B:


You weren't expecting a massive shift in 1 year, were you?
stop being very dumb
No same mind expect PmB to turn Nigeria into U.S or Singapore even in 10 years..but there are defined landmarks which indicate progress
GDP
Growth rate
inflation
unemployment rate
Bank interest rate
FDI
etc
I guess when you take these indices , you will find we have nosedived
we had expected him to maintain the status quo at worst or an improvement..
Nosedived indices clearly shows he is off track
That is what most of us are complaining about..but in your little mind anyone that complain is either IPOB or PDP...
so much for shallow,parochial and low mentality

2 Likes

Re: Crude Oil Hits $50 Per Barrel. Nigeria not Benefitting by sulakishop(m): 1:13pm On May 26, 2016
LATER THE WAILERS WILL BLAME BUHARI, NOW WE CAN'T BENEFIT FROM THIS DUE TO THE STEWPID AVENGERS
Re: Crude Oil Hits $50 Per Barrel. Nigeria not Benefitting by Nusaf: 1:14pm On May 26, 2016
Uduak2019:


Another APC criminal...what excuse do you have now again? Blame me for not understanding the article?
Counter him if u understand the article or keep shut. The budget is based on 38 Dollars/barrel and at an output of 2.2million barrels. Do u know the current output due to the recent activities of NDA? 1.4million barrels/day.
Re: Crude Oil Hits $50 Per Barrel. Nigeria not Benefitting by HurtgenForest: 1:36pm On May 26, 2016
LRNZH:


The question is where do we get the money to diversify the economy from?

From the sales of kwilikwili, donkwa and sugar cane, lol.
Re: Crude Oil Hits $50 Per Barrel. Nigeria not Benefitting by HurtgenForest: 1:38pm On May 26, 2016
sulakishop:
LATER THE WAILERS WILL BLAME BUHARI, NOW WE CAN'T BENEFIT FROM THIS DUE TO THE STEWPID AVENGERS

Buhari takes the blame for being so unwise forming an exclusive government.

He should apologise for that very shameful 5% speech.
Re: Crude Oil Hits $50 Per Barrel. Nigeria not Benefitting by greatmen: 1:38pm On May 26, 2016
My brother of I was the govt I would appoint you for ministry of peace and dialogue, superb comment God bless you
Firefire:
embarassed

Opportunity for Nigeria to get some extra money for diversification, unfortunately the economy saboteurs called NDA is rather drawing us back. I blame Buhary for his past careless rants.

I address you directly, oh Niger Delta Avengers, for the sake of your future generation, please stop immediately all your terrorist activities against the Nigerian state, reapproach your agitation with dialogue and stop further destruction of your future resources upon which you are agitating.

And to the current leadership of Nigeria, 'Intergrity is NOT enough to rule Nigeria', you must ensure you bring all stakeholders on board and stop your current parochial theory of 5% is less important.

May God heal Nigeria.

Shalom!

1 Like

Re: Crude Oil Hits $50 Per Barrel. Nigeria not Benefitting by HurtgenForest: 1:41pm On May 26, 2016
permanentgrace:


But going by your name 'Adeniyimi, i thought Osun, Lagos, Ogun, Ondo and the rest of them are now oil producing states? So why do you still agitate for oil from Niger Delta who has been feeding your region for ages? I mean this shouldnt bother you in anyway since you are producing oil in your states as well. The country can depend for oil from your region especially now that Niger Delta is no longer giving out as before. Remember, Niger Delta region was feeding the entire nation. It is time for your region to take up the feeding responsibility.

Hypocrisy is really bad.

God bless you. SW is now an oil producing region, it is time for Nigeria to feed from there.
Re: Crude Oil Hits $50 Per Barrel. Nigeria not Benefitting by cktheluckyman: 1:45pm On May 26, 2016
hedonistic:
Forget Tompolo's denial that he has no links with the Avengers and the renewed spate of bombings. He certainly is behind it, for good reason too. Buhari was very stuuupid to go after this kind of person openly with the EFCC over flimsy issues that should be overlooked in the greater public interest. That sent all the wrong signals to the militant overlords, that they might be messed up by this Abokki unless they show him who is boss. Forget about the story that no one is above the law. Not in the real world. At times you MUST let sleeping dogs lie and use a common sense approach to tackle very difficult situations.

Una never see anything. Until crude oil production grinds to a halt before the abokki animal in Aso Rock would know how the cookie crumbles.
That exactly is the koko of this matter!!! I wonder what exactly Buhari was thinking when he went after Tompolo!!!

1 Like

Re: Crude Oil Hits $50 Per Barrel. Nigeria not Benefitting by greatmen: 1:47pm On May 26, 2016
Good but brains are made from institutions and please tell me how do our institutions fair
Quakertellicus1:


Even if there was no bombing....we still won't benefit....because

1.We need oil to be much higher than that....at least $123 per barrel.....just to even balance the books.

2.We have to pay off a lot of debs incurred when oil was high.


I think it is time we faced the truth.....oil has failed us. Time we forgot about it. and used our brains to take us to the next level. Resource dependency will not save us.
Re: Crude Oil Hits $50 Per Barrel. Nigeria not Benefitting by Nobody: 1:56pm On May 26, 2016
ichidodo:
[b] Why will Nigeria benefit when brain dead-tough talking-nepa certificate Sherrifat of Daura lacks the art of diplomacy to lead a nation never mind managing crises especially those that concern the Delta?...For crying out loud this motherf**ker couldnt even visit Lagos even after four days visiting and resting in Katsina,his public display of blatant ethno bias and sheer bigotry is mind boggling...It will be against his grain-de man no get sense at all at all because na mallo im be- to negotiate or give any 'infidel' his/her due how much more those to be 'crushed' by his northern dominated army -who laughably lacks the basic pre-requisite skill of swimming- ....Tis jes ironic that the oil crises and oil production cuts in the Delta are major factors fuelling the global rise in oil price thus any attempt to quell it and resume production might cause a price crash therefore as long as the militants are successful crippling every bolt and nut of our pipeline infrastructure the crude price might reach higher and higher.....Co-incidentally high prices will induce lucrative bunkering deals by Niger delta militant groups with international black arms traders who will want crude oil swaps for their high calibre weaponry merchandise......Some militant groups could be very creative as to order for international mercenaries-those who are can train others to be adept at espionage,demolition,explosives and general geurrilla swamp warfare.....Why all these contingencies you say? Because Sherrifat of Daura is so hopelessly dumb that he WILL test the meat of the Nigerian Army against the iron of the militants,so why not prepare now that the oil price is getting expensive and the resource can be very easily bunkered by these fine young gentlemen?[/b]
Re: Crude Oil Hits $50 Per Barrel. Nigeria not Benefitting by Nobody: 1:56pm On May 26, 2016
ichidodo:
[b] Why will Nigeria benefit when brain dead-tough talking-nepa certificate Sherrifat of Daura lacks the art of diplomacy to lead a nation never mind managing crises especially those that concern the Delta?...For crying out loud this motherf**ker couldnt even visit Lagos even after four days visiting and resting in Katsina,his public display of blatant ethno bias and sheer bigotry is mind boggling...It will be against his grain-de man no get sense at all at all because na mallo im be- to negotiate or give any 'infidel' his/her due how much more those to be 'crushed' by his northern dominated army -who laughably lacks the basic pre-requisite skill of swimming- ....Tis jes ironic that the oil crises and oil production cuts in the Delta are major factors fuelling the global rise in oil price thus any attempt to quell it and resume production might cause a price crash therefore as long as the militants are successful crippling every bolt and nut of our pipeline infrastructure the crude price might reach higher and higher.....Co-incidentally high prices will induce lucrative bunkering deals by Niger delta militant groups with international black arms traders who will want crude oil swaps for their high calibre weaponry merchandise......Some militant groups could be very creative as to order for international mercenaries-those who are can train others to be adept at espionage,demolition,explosives and general geurrilla swamp warfare.....Why all these contingencies you say? Because Sherrifat of Daura is so hopelessly dumb that he WILL test the meat of the Nigerian Army against the iron of the militants,so why not prepare now that the oil price is getting expensive and the resource can be very easily bunkered by these fine young gentlemen?[/b]
I really do wonder how you look like in person.You must have gone through a lot while growing up.I just can't explain why your heart is filled with hatred every seconds of the day.
It is well..
Re: Crude Oil Hits $50 Per Barrel. Nigeria not Benefitting by Nobody: 1:57pm On May 26, 2016
wordychap:

Why do u guys talk like this, giving govt. excuses for failure
Nigeria gets about 0.58 of crude money n d oil companies take d rest.
Even at 1.4m barrels/day production, if d 50 dollars/barrel is sustained we make 1.2billion dollars a month.
At d present exchange rate that's more than enough to sustain d country.

1.I am afraid you misunderstood me.

2.What I am doing is not defending the government.....infact, I am criicizing them, and every past government we have ever had.

3.Nigeria's economic policy has been simple. We sell resources....first agric, then minerals,nowadays oil....and share the money.

4.We do not control the prices of what we sell.

5.If we had used them revenues we had ......and developed infrastructure that would have made us a manufacturing power....like China which used to be behind many African countries as late as 1973....but now gives us billions....or South Korea that in 1960 was behind Senegal....and whose US backers thought would become nothing better than a backwater agricultural nation....we would be earning far more than that $1.2 billion that amazes you so.

6.Infact, we can do it. But most of you Nigerians think that government exists to put money in your pocket every month. That is not the job of government. Government exists to provide the enabling environment for the citizen to achieve his or her potential....benefiting the nation and his immediate environment with his skills. In Nigeria...we laugh at our inventors, academics and technicians....and praise looters and theives.

7.I will be judging this APC government by how well it improves our ability to be less resource dependent. The same way I should have judged every PDP and even army government and other civlillan govts we had in the past. Because.....it is high time we got off oil.If i am the only person who thinks that way....so be it. We can no longer rely on oil. Oil will not save us. Innovation and science will save us.
Re: Crude Oil Hits $50 Per Barrel. Nigeria not Benefitting by 989900B: 2:06pm On May 26, 2016
sammhi:

[s]stop being very dumb
No same mind expect PmB to turn Nigeria into U.S or Singapore even in 10 years..but there are defined landmarks which indicate progress
GDP
Growth rate
inflation
unemployment rate
Bank interest rate
FDI
etc
I guess when you take these indices , you will find we have nosedived
we had expected him to maintain the status quo at worst or an improvement..
Nosedived indices clearly shows he is off track
That is what most of us are complaining about..but in your little mind anyone that complain is either IPOB or PDP...
so much for shallow,parochial and low mentality [/s]

Talk to me when you learn manners.
Re: Crude Oil Hits $50 Per Barrel. Nigeria not Benefitting by Aura2(f): 2:11pm On May 26, 2016
LRNZH:
For the first time in 2016, Brent crude blend has hit the $50 mark in trading. Other global crude blends are not far off from this landmark price which eases a lot of pressure from the finances of oil exporting countries.

Unfortunately, Nigeria which is bedevilled by the ongoing renewed militancy in the Niger Delta spearheaded by the Ijaw dominated Niger-Delta Avengers cannot benefit from this as the country's oil production level has dropped to a 20 year low.

It is argued in certain quarters that the current surge in global oil prices is due to the reduced output from Nigeria. In which case, we have become a buffer for the rest of the oil producing nations at our own detriment.

This is not a good time to be a Nigerian. There is no sense in the afflictions we have brought on ourselves with this development.

How did you know, Avengers is Ijaw dominated?
Re: Crude Oil Hits $50 Per Barrel. Nigeria not Benefitting by sulakishop(m): 2:35pm On May 26, 2016
JUST AS EXPECTED...


HurtgenForest:


Buhari takes the blame for being so unwise forming an exclusive government.

He should apologise for that very shameful 5% speech.
Re: Crude Oil Hits $50 Per Barrel. Nigeria not Benefitting by Adeniyimi: 2:57pm On May 26, 2016
permanentgrace:


But going by your name 'Adeniyimi, i thought Osun, Lagos, Ogun, Ondo and the rest of them are now oil producing states? So why do you still agitate for oil from Niger Delta who has been feeding your region for ages? I mean this shouldnt bother you in anyway since you are producing oil in your states as well. The country can depend for oil from your region especially now that Niger Delta is no longer giving out as before. Remember, Niger Delta region was feeding the entire nation. It is time for your region to take up the feeding responsibility.

Hypocrisy is really bad.


Definitely u support those idiot, your quote doesn't make sense.... u pple are d enemy of progress
Re: Crude Oil Hits $50 Per Barrel. Nigeria not Benefitting by Sctests: 3:03pm On May 26, 2016
Why should nigeria benefit, when all it does is to buy guns with the money to kill people in the Old East? More Gbuaaa! Gbuaaa! to the pipelines in the land 5%ers.

If Buhari cannot offer an apology for his unguarded statement 5% against the East, how does the East help him in this perilous times!
Evil man!
Re: Crude Oil Hits $50 Per Barrel. Nigeria not Benefitting by Enijesiku(m): 3:10pm On May 26, 2016
LRNZH:


The question is where do we get the money to diversify the economy from?
those looted fund can still be of help
Re: Crude Oil Hits $50 Per Barrel. Nigeria not Benefitting by judondasylva(m): 3:15pm On May 26, 2016
good one
Re: Crude Oil Hits $50 Per Barrel. Nigeria not Benefitting by hopilo: 3:23pm On May 26, 2016
permanentgrace:


A case study in Nigeria.
Can you discuss on the topic? I might learn a thing.
Doing a write up on that.
Re: Crude Oil Hits $50 Per Barrel. Nigeria not Benefitting by permanentgrace(m): 3:29pm On May 26, 2016
hopilo:

Doing a write up on that.

Hope you will post it here so i can learn a thing or two? It's actually my disclipline in school...environmental science.
Re: Crude Oil Hits $50 Per Barrel. Nigeria not Benefitting by bezimo(m): 3:38pm On May 26, 2016
Firefire:
embarassed

Opportunity for Nigeria to get some extra money for diversification, unfortunately the economy saboteurs called NDA is rather drawing us back. I blame Buhary for his past careless rants.

I address you directly, oh Niger Delta Avengers, for the sake of your future generation, please stop immediately all your terrorist activities against the Nigerian state, reapproach your agitation with dialogue and stop further destruction of your future resources upon which you are agitating.

And to the current leadership of Nigeria, 'Intergrity is NOT enough to rule Nigeria', you must ensure you bring all stakeholders on board and stop your current parochial theory of 5% is less important
.

May God heal Nigeria.

Shalom!

How I wish Buhari understood basic stakeholder engagement tenets he would have saved himself from the troubles coming at him now.
Re: Crude Oil Hits $50 Per Barrel. Nigeria not Benefitting by gbagyiza: 7:12pm On May 26, 2016
Uduak2019:
Good news from $30-$50 under Buhari...now it's above the amount our budget was pegged at. I pray it hits $100 a barrel and let me hear another excuse from lying APC. Next excuse will be Niger Delta Avengers or Igbo man holding them by the balls.

At $50 a barrel, that's approximately $20 Billion a yr. WHAT THE EFF ARE WE DOING WITH ALL THESE MONIES FROM MURITALA GOVERNMENT TO BUHARI , AND YET
NOTHING TO SHOW FOR IT?

If I say Nigeria will not progress till Jesus comes people will begin 2 see me as an enemy but that's d plain truth.
Re: Crude Oil Hits $50 Per Barrel. Nigeria not Benefitting by olash007: 7:15pm On May 26, 2016
Progressive01:
What are you prattling on endlessly about?? Did you even read what the op wrote at all or just ran to type rubbish after reading just the title so you fellow bigots can "dash you likes"??

Even if it sells for $1, 000per barrell and we are exporting at this rate, the impact would hardly be felt mr man. You keep jumping all over the place when the terrorists blow up pipelines yet you want Buhari to perform magic with the economy.

Mtscheeew.


The level of illiteracy in this forum is high just like the guy u corrected. Its either they are being tribalistic or they are religiously blindfolded.

2 Likes

Re: Crude Oil Hits $50 Per Barrel. Nigeria not Benefitting by gevans(m): 7:38pm On May 26, 2016
a country that depends solely on crude oil will hardly survive in this 21 century. diversification is d answer to our economy hence we will remain a consuming economy having unfavorable balance of trade. God bless Nigeria
Re: Crude Oil Hits $50 Per Barrel. Nigeria not Benefitting by gevans(m): 7:44pm On May 26, 2016
a country that depends solely on crude oil will hardly survive in this 21 century. diversification is d answer to our economy hence we will remain a consuming economy having unfavorable balance of trade. God bless Nigeria.

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