PUSH1:
As long as you don't waste it.

Clinton9000:


Useless afonja bowing to his Hausa-Fulani master. Had this been GEJ proposing this, you will see them raining insults yet they are comfortable with Buhari doing with despite destroying our economy. I keep telling people,if God decides to visit this earth again out of anger, he will start with afonjas...these people are purely evil, heartless and wicked!

Sibrah:
Why won't they rain insult when oil is selling for $100pb+? When you subtract the $29pb it cost to produce a litre of oil on the avarage that leaves us with $71pb+ in GEJ era as against $20pb in Buhari's time so far. I wonder what these vile wailers want from Buhari.

Sibrah:
[s]Why won't they rain insult when oil is selling for $100pb+? When you subtract the $29pb it cost to produce a litre of oil on the avarage that leaves us with $71pb+ in GEJ era as against $20pb in Buhari's time so far. I wonder what these vile wailers want from Buhari[/s].

Clinton9000:


Useless things. Oil has been above $50 for about a yr now and Even Buhari government has made it clear that oil price was not the cause of the bad economy since it has stabilized about almost a yr ago. Before oil they blamed dollar, now they are blaming oil price again. SMH

LaClicKLaBenDin:


You know, when you intelligent people always come up with this issue of crude was selling at $100 per barrel during GEJ and $30 now, I tend to wonder why your intelligent minds do not put into consideration the exchange rate of then and now too...

Please, intelligent man, can you reconcile the exchange rate of then and now, given the prices of crude, and come up with the difference?

Because as silly as I am, I know that $100 as at when Naira was between 180-250 to a dollar, and $30 as at now, when the Naira to a dollar is between 350-450, doesn't tend to show too much difference...and if we want to do the maths based on exchange rates of then and now, we will discover that the difference in selling crude oil at $100 then and now that it goes for $30 isn't more than $20, except of course, someone wants to make me believe that the present government is still selling crude oil at $30 per barrel based on 180-250 naira exchange rate to the dollar.

Sibrah:
subtract cost of production mr man.

mrvitalis:

And multiple by 0.55 cos we only get 55% pf the profit

Sibrah:
multiplying by 0.55 will still leave us with results that's in favour of GEJ era cos we are multiply both figures..

Sibrah:
do the maths now . . . Are you threatening me to do a maths of that? You talk as if all the obligation govt meets is in Naira forgetting to factor in the huge repayment of what's mainly Jonathan debt that's in dollars.

LaClicKLaBenDin:


That's the problem with intelligent people like you; you have always emphasized crude price, forgetting exchange rate, now I have reminded you of exchange rate and instead of reconciling that, you've jumped to Jonathan's debt. Wow! So, all the obligations the government of GEJ had to meet was in naira?

OK, let me do a simple maths for you, I'm going to do it in a way that silly and unintelligent people like myself can understand; now, if last year I was being paid $100 as salary, at an exchange rate of 180 naira to $1, which amounts to 18,000 Naira. This year you're employed in the same company and being paid $50 at an exchange rate of 350 Naira to $1, which makes your salary 17,500 Naira, (35000 divided by 2), now would you really complain that I was earning more than you, even though my salary was $100 and yours $50?

Sibrah:
You are obssessed with polishing your reputation by dangling irrelevant facts.

LaClicKLaBenDin:


Lol.. reputation? Brother, I do not have a reputation, talk less of polishing it; I just try as much as I can to think outside the box and see things the way they are and not the way they're presented to us.

No one knows me on nairaland, so, where's the reputation?
Sorry, if I got your nerves bro, I just wanted you to see the issue from my own perspective, having seen yours.

Have a nice day.

Sibrah:
Your thinking is well below average so stop that thinking outside the box claim. Most of our obligation as a country is largely tied to dollar. We pay debt in dollar, buy materials, machinery, and raw material for 'industries' in dollar. The main thing we do in Naira is paying of Salaries.

LaClicKLaBenDin:


Well, thanks for the compliment. I'd rather not argue with you; you're just too 'intelligent'.

But unfortunately, you haven't been able to answer a very basic question I asked, and you have kept beating about the bush...Oh I guess you have accepted that given the current exchange rate, the difference in earning through crude (price per barrel) when GEJ was in government and now isn't really that much, right? That reminds me, that's even all what this argument is about and as intelligent as you are, you haven't managed to prove me wrong, I mean counter my view with facts and figures without digressing and attacking my below average thinking.

Sibrah:
State you question here . . .

LaClicKLaBenDin:


Lol scroll up....

Sibrah:
I an not scrolling up to scan your epistles. You paste your questions here.

Sibrah:
You are obssessed with polishing your reputation by dangling irrelevant facts.

LaClicKLaBenDin:

And I'm not obligated to paste it here...

LordAdam:


You said oil is trading at $20 pb and you're saying someone else's facts is irrelevant.

Yours is so untrue, it is so unbelievable. Oil has never sold for $20 pb since Buhari became President.

Current oil price is around the $50 pb price.

In fact, the current price is higher than the benchmark of the 2016 budget.

I have more hate for Buharists than the man himself.

Please tell us what Buhari has used the 11.3T naira he has already received since May 2015 for, then we can start discussing on how he intends to use the additional $30bn loan (minus the $45b earnings we'll make in the next two years).

You can't keep throwing money at a cash cow hoping for a turn around. We did the same for Nigeria Airways, Delta Steel, the Refineries, PHCN, what did we get out of it. The APC-led government is like every of those failed establishments. Nothing to show for the mammoth amount of money invested, but the idi.ots in charge are asking for more. Each time promising that the new minted cash would be better used than the previous, while showing zero signs that it would in fact be the case.

The best time to be a corrupt politician is now. The competition is lowest ever and the largesse is the highest ever. Yummy!

-Lord

Sibrah:
Fear!

LordAdam:


You said oil is trading at $20 pb and you're saying someone else's facts is irrelevant.

Yours is so untrue, it is so unbelievable. Oil has never sold for $20 pb since Buhari became President.

Current oil price is around the $50 pb price.

In fact, the current price is higher than the benchmark of the 2016 budget.

I have more hate for Buharists than the man himself.

Please tell us what Buhari has used the 11.3T naira he has already received since May 2015 for, then we can start discussing on how he intends to use the additional $30bn loan (minus the $45b earnings we'll make in the next two years).

You can't keep throwing money at a cash cow hoping for a turn around. We did the same for Nigeria Airways, Delta Steel, the Refineries, PHCN, what did we get out of it. The APC-led government is like every of those failed establishments. Nothing to show for the mammoth amount of money invested, but the idi.ots in charge are asking for more. Each time promising that the new minted cash would be better used than the previous, while showing zero signs that it would in fact be the case.

The best time to be a corrupt politician is now. The competition is lowest ever and the largesse is the highest ever. Yummy!

-Lord