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Nairaland Forum / Nairaland / General / Politics / FG Strained To Meet 650m Barrels Target Over Crude-backed Loans (6244 Views)
BREAKING: Major Shakeup As Tinubu Directs CBN To Take Over Crude Sales From NNPC / 84m Barrels Of Nigerian Crude Oil Unsold, Stranded At Sea / Crude Oil Discovered In North East (1 Billion Barrels) - Timipre Sylva (2) (3) (4)
Re: FG Strained To Meet 650m Barrels Target Over Crude-backed Loans by LagosSuperStar: 10:03am On Jan 16 |
RepoMan007: Nigeria and the art of eating the future |
Re: FG Strained To Meet 650m Barrels Target Over Crude-backed Loans by LagosSuperStar: 10:06am On Jan 16 |
Akwamkpuruamu:That's the cheating in Nigeria |
Re: FG Strained To Meet 650m Barrels Target Over Crude-backed Loans by GreenCovering: 10:26am On Jan 16 |
Are we being prepped to accept that even if Dangote refinery goes full steam ahead it may not have so great an impact on economic recovery because the core issue here is the crude oil itself which had been sold in advance to acquire loans? Serious!!! 1 Like 1 Share |
Re: FG Strained To Meet 650m Barrels Target Over Crude-backed Loans by happney65: 10:56am On Jan 16 |
tctrills: They voted a Bulabalu that was telling them "shey na statistics we go chop" Werey presido 1 Like 1 Share |
Re: FG Strained To Meet 650m Barrels Target Over Crude-backed Loans by tctrills: 10:57am On Jan 16 |
happney65:Unfortunately even those that did not vote for him would also suffer 1 Like |
Re: FG Strained To Meet 650m Barrels Target Over Crude-backed Loans by DeOTR: 11:11am On Jan 16 |
So we were producing 2.2 million barrels per day in 2013, and the prices were much higher than now? Buhari's government is and nothing to write home about, but I can't just imagine Jonathan government failed due despite having huge resources at its disposal. |
Re: FG Strained To Meet 650m Barrels Target Over Crude-backed Loans by NAC1666: 11:25am On Jan 16 |
Islie: |
Re: FG Strained To Meet 650m Barrels Target Over Crude-backed Loans by wink2015(m): 12:36pm On Jan 16 |
NIGERIA GO AND FACE MECHANIZED AGRICULTURE. STOP DECEIVING THE PEOPLE. NO FREE MONEY ANYWHERE ! |
Re: FG Strained To Meet 650m Barrels Target Over Crude-backed Loans by Gboss247(m): 1:07pm On Jan 16 |
Islie:Attention! Attention!! Attention!! Nigeria being an oil dependent when fossil fuels are being phased out and electric cars are manufactured is disastrous. While renewable energy is making oil irrelevant, Nigeria is still expecting magics from oil sector. |
Re: FG Strained To Meet 650m Barrels Target Over Crude-backed Loans by Gboss247(m): 1:14pm On Jan 16 |
wink2015:Nigeria can alot of forex from the entertainment by selling Nigerian musics, movies and comedies on a Nigerian app instead of South African Showmax or American Netflix and Amazon apps. |
Re: FG Strained To Meet 650m Barrels Target Over Crude-backed Loans by blueAgent(m): 1:14pm On Jan 16 |
cucumbar: You dey mind the gullible ppl. I believe, I believe they they suffer ,they smile. Confused ppl. |
Re: FG Strained To Meet 650m Barrels Target Over Crude-backed Loans by ebufa: 1:59pm On Jan 16 |
datopaper: The Tinubu government has chosen to tackle the easiest road first instead of plucking the lowest hanging fruit! The easiest road is to focus on increased oil production and of course higher forex earnings......nothing bad in that except that this move will not boost our economy and sustain it in the wrong run. The crude oil sector is less than 20% of our GDP, why is the government expending 90% of its time and resources on it? Peter Obi like the better economist and mangaer that he is.........said the economy lacks local domestic production! Simplicita!!! What Tinubu should do is spend money saved from subsidy on retweaking the local security architecture and hiring mercenaries to deny the bandits operational bases........the Nigerian army and the new recruited police forest guards can now occupy the areas liberated by the mercenaries! once the indigent population returns to their farms...agric production will go up...and prices will come down! for southeats ...release nnamdi kanu...get kanu to bring simon ekpa on board and institute a commission led by obasanjo and other clergy to look at the whole killings surrounding the biafra agitation! People must know that it is not the Biafra agitation per say that caused the violence in the southeast....it was the summary execution of IPOB menbers and fulani herdsmen killings in igbo land that caused most of the retaliatory killings of security men! Once you reduce tension in the east .....production and business will start booming in the east So it is all about increasing domestic production.........thereby increasing our overall GDP, where people source their forex will be taken care of by efficiencies inherent in higher revenue they make! |
Re: FG Strained To Meet 650m Barrels Target Over Crude-backed Loans by BondRiv: 2:34pm On Jan 16 |
We need to put a stop to this excessive borrowing. Why does Nigeria keep borrowing so much with little to show for it? Most of which are looted by useless and cursed individuals. Our institutions are weak and nothing happens to them. Even the crude oil we so rely upon, have we been able to stop its theft? What about the crude oil production being under declared? Pity. |
Re: FG Strained To Meet 650m Barrels Target Over Crude-backed Loans by Yankee101: 5:32pm On Jan 16 |
No new income Using crude production to pay loans Loans that have largely been stolen |
Re: FG Strained To Meet 650m Barrels Target Over Crude-backed Loans by delpee(f): 7:50pm On Jan 16 |
tctrills: Kemi was probably talking about borrowing and spending in terms of critical infrastructure. She didn't reckon with the grand looting that takes place once the loans are available. |
Re: FG Strained To Meet 650m Barrels Target Over Crude-backed Loans by tctrills: 9:09pm On Jan 16 |
delpee:and still, we don't have the critical infrastructure she was talking about. |
Anambra Workers Threaten Strike Over Missing Pension Funds / FG Reacts As The US Impose Visa Ban On Nigerian Politicians / Tinubu, 100 Days And The Burden Of Resetting Nigeria - Temitope Ajayi
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