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Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn - Politics (4) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn (10368 Views)

Crude Oil Price: MAN Warns Of Hyper Inflation, Subsidy Hits ₦400, Diesel, ₦625 / NNPC Refineries Generate Zero Revenue, Pay Workers ₦69 Billion / NNPC Spends N1bn Daily, Petrol Subsidy Hits N19.37/Litre (2) (3) (4)

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Re: Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn by FarahAideed: 3:09pm On Dec 06, 2021
Ovamboland:


Who is servicing the $63bn debt Jonathan handed over in 2015?
You people are not smart at all, just making noise to disturb the peace.

Jonathan never handed over 63 bn stop the Iles
Re: Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn by Zionman24: 3:14pm On Dec 06, 2021
Fraud
Re: Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn by bergs2: 3:20pm On Dec 06, 2021
mrvitalis:
When did Nigeria oil production drop to 1.5 million per day something that was 2.2 million under Jonathan

APC has finished Nigeria honestly

Surprised?
Hmmmmm!
Why won't it drop when one unschooled almajiri babi Allah is both the president, Petroleum minister(substantive), corruption warrior, Mr. Tourism World and Mr. Integrity?
Re: Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn by vanbonattel: 3:31pm On Dec 06, 2021
SeaTrade:
So you think bunkerers steal 600,000bpd?
I'm just going to assume you were being sarcastic.

Government bunkerers, stealing oil tankers of crude to refine in Seychelles.
Re: Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn by SeaTrade(m): 4:01pm On Dec 06, 2021
vanbonattel:


Government bunkerers, stealing oil tankers of crude to refine in Seychelles.
I see...
One of the possibilities.
Could also be OPEC production cuts by memwber countries,
Maybe that's their given production rate.
Re: Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn by Inalegwu1989: 4:28pm On Dec 06, 2021
Pushing the agenda of fuel subsidy removal
Re: Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn by wink2015(m): 5:07pm On Dec 06, 2021
Nigeria where it is because of the northerners who are not interested in harnessing the potential of agriculture.

They just continue to DAY DREAM OVER THE CRUDE OIL IN DELTA CREEKS.

They should continue with their DAY DREAMING.

THINGS HAVE PASSED NIGERIA BY BECAUSE OF THE POOR LEADERSHIP AS EXEMPLIFIED BY BUHARI.
Re: Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn by King44(m): 5:08pm On Dec 06, 2021
BeeBeeOoh:


https://www.google.com/amp/s/www.vanguardngr.com/2021/12/nigeria-records-zero-revenue-from-oil-export-as-subsidy-hits-n199bn/amp/
LIES AND PROPAGANDA the money they have been making so far from oil, what has been the benefit?

That Zero revenue is impossible, no matter how bad some countries would still demand for oil so this is a big lie from the pit of hell
Re: Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn by Iliya1520: 5:55pm On Dec 06, 2021
why can they refine it domestically? which kind country is this one ? even niger de de refine it but why can't they refine it in Nigeria instead of buying refined one from abroad.
Re: Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn by Ovamboland(m): 6:49pm On Dec 06, 2021
Ofunaofu:

So because it didn't work we should continue on that trajectory
Why was APC voted in, is it not to correct this anomaly

What did the usual suspects say when last year the govt announced a $1.2bn plans for total rehabilitation of the refineries to resume production? The must not do it, it's too expensive (with zero knowledge of level of rot and what it takes to put them back to service).

So no matter what the govt does a large group of critics will make noise. At the end of the day the govt must learn to ignore the noise but make sure it's plans are well monitored to give the desired results. Attempting to satisfy every critic or noise makers is to stay on the same spot.

1 Like

Re: Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn by Ovamboland(m): 7:02pm On Dec 06, 2021
FarahAideed:


Jonathan never handed over 63 bn stop the Iles

There you have it as at 2014
Jonathan had incured $6.4bn external debt plus. N7.9 trillion domestic debt which was about $50bn at 156 naira exchange rate in 2014.
That was also before they started borrowing to pay salary.
By hand over in May 2015, Nigeria debt had grown to $63bn. (corrected)

https://www.thecable.ng/from-obasanjo-to-buhari-how-fgs-debt-profile-surged-658-to-n26-9trn-in-21-years/amp

If you were being honest you would have told us how much was the debt handed over by Jonathan.
But because you're a liar, you can't share any figure with source

1 Like

Re: Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn by FarahAideed: 7:21pm On Dec 06, 2021
Ovamboland:


There you have it as at 2014
Jonathan had incured $6.4bn external debt plus. N7.9 trillion domestic debt which was about $50bn at 156 naira exchange rate in 2014.
That was also before they started borrowing to pay salary.
By hand over in May 2015, Nigeria debt had grown to $63m.

https://www.thecable.ng/from-obasanjo-to-buhari-how-fgs-debt-profile-surged-658-to-n26-9trn-in-21-years/amp

If you were being honest you would have told us how much was the debt handed over by Jonathan.
But because you're a liar, you can't share any figure with source

Is 63 million dollars the same thing as 63 billion dollars ? So common 63 million dollars is what is causing 90 percent of our revenue to be used to service debt?
Re: Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn by Raalsalghul: 8:12pm On Dec 06, 2021
Increase in fuel pump price is inevitable given the way the effects of subsidy payments is being forced down our necks every week.
Re: Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn by COMPAQ(m): 9:00pm On Dec 06, 2021
mrvitalis:
When did Nigeria oil production drop to 1.5 million per day something that was 2.2 million under Jonathan

APC has finished Nigeria honestly

Don't you read the news? Nigeria's OPEC quota in response to drastically reduced demand in 2020 as a result of covid is about 1.65mln barrels a day. Then due to some pipeline outages, production is lower than the quota.
Re: Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn by Ovamboland(m): 5:27am On Dec 07, 2021
FarahAideed:


Is 63 million dollars the same thing as 63 billion dollars ? So common 63 million dollars is what is causing 90 percent of our revenue to be used to service debt?

That was an error, you go school at all? How can addition of $6.4b and $50bn in 2014 plus any additional loan by May 2015 be $63m?

You see you're a liar and deceiver?
Re: Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn by FarahAideed: 9:15am On Dec 07, 2021
Ovamboland:


That was an error, you go school at all? How can addition of $6.4b and $50bn in 2014 plus any additional loan by May 2015 be $63m?

You see you're a liar and deceiver?

I quoted what you posted and you are calling me a liar and deceiver

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