Lol, Can we say kudos to NDA because their action resulted to oil price increase?

Since the budget was benchmarked at 44. I hope these idiots save the 6 extra for the future.

Ipob go just dey skip dis thread because people progress just dey turn their belle.

okawanyi:
Even if its rises to 1m per barrel, they will still embezzle it,

No be Diezani dey there now oooo..

Flexherbal:

Na that one they tire me.

My guy na wetin the weak me for this kwantry oh

good news to we govt cos na dem go still embezzle d money

Good news, hope they make good use of the profit.

Solomonudofia:
This is a good news because it will encourage investments in refineries and other parts of the downstream sector and will also prevent the diversion of petroleum products and set a stable environment for the downstream sector in Nigeria.

Putin exposes plot to destroy U S...

https://www.youtube.com/watch?v=6WmVdvHTSGw

Actually, for NIgeria....oil needs to be at $100 and above. ANything below $100 is just not enough.

Diversion and lack of investment was due to the old subsidy regime...which meant that petroleum marketers....from the majors to the independents made just N2 profit per liter of fuel sold. Hence diversion to black market....so that they could make more money.

paparazy06:
Even with this dey will still say no money

Yes....because Nigeria needs oil at $100 and above to break even.

$50 is not enough.

And even at $100....we have to pay off the debt we incurred when revenues fell during the days' oil was between $25-45.

didn't hit 50 dollar but 48 dollars

Solomonudofia:


Putin exposes plot to destroy U S...

https://www.youtube.com/watch?v=6WmVdvHTSGw

Don't be deceived by conspiracy theories, Putin doesn't give a fvck about the US!

good

when will dangote finish his refinery

piagetskinner:
when will dangote finish his refinery

2019 is the date, according to the man himself