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Nairaland Forum / Nairaland / General / Business / Oil Slump: FG May Borrow From World Bank, Others (16090 Views)
Nigeria’s Oil Fields Face Shutdown Amid Price Slump / CBN Allows New Businesses Borrow From N220bn MSME Fund / Oil Slump: Banks Face Financial Distress (2) (3) (4)
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Re: Oil Slump: FG May Borrow From World Bank, Others by InvertedHammer: 2:56pm On Jan 02, 2015 |
/ No need to borrow from World Bank. If they can recover the stolen $20bn, then Nigeria will still have excess $15billion But then and again, who will bell the cat?. \ 1 Like |
Re: Oil Slump: FG May Borrow From World Bank, Others by swezenberg(m): 3:23pm On Jan 02, 2015 |
ednut1: What exactly has the west done this time. Are you blaming them for making things easier for their people. They said they want to start producing their own oil and make life easier for their people. Right here in US I am happy because the price of Gas has really gone down to almost 2 dollars per gallon in some states although I still buy mine for 2.60 dollars per gallon in Pennsylvania which is far cheaper than the previous 3.19 I was paying. It is your government in Naija you should talk to not the west. We have embarked on oil production from Shale here so we don't need Naija oil again. Besides we now have other means of energy generation apart from oil. Naija will still drink that oil if the country does not consider other resources. So before you blame the west try to get yourself informed. 3 Likes 1 Share |
Re: Oil Slump: FG May Borrow From World Bank, Others by MadCow1: 3:26pm On Jan 02, 2015 |
We wan borrow 5 Billion dollars when Allison Madueke lost 20billion dollars.. Thanks GEJ... Thanks Okonjo Iweala.. Thank Stella Oduah.. Thanks Patience Jonathan. Thanks Allison Madueke.. Thanks Labaran Maku. . Thanks Okupe. . We have had enough.. Another 4 years would mean 10 years of rot, insecurity, economic stagnation and Unbridled corruption. We thank GEJ for pardoning Alamiesigha that we suffered to jail.. We thank PEJ for making Rivers State ungovernable. . We thank CSP Mbu for highlighting GEJ'S disregard for rule of law and order. We thank Otedola and Farouk Lawan for showing us how rotten our Nation is and how tolerant our government is of corruption. We also send a special shout out to all those who died during occupy Nigeria protest.. The money is still being stolen, Fuel price still increased from 65 to 97 Naira, Oil prices have dropped worldwide but Price of Nigerian Fuel has not even shaken.. I hope the living have learnt from your death. Special thanks to those who stole Nigerian Police Pension monies.. Na because of una our Police are now hustling their pensions on illegal checkpoints nationwide. NNPC and our 50 abi 20 billion Naira.. That matter dey God hand because we know say the moment we shout, una go burn una office as usual then claim say all documents were burnt in the fire.. GEJ, CBN, NNPC and Okonjo Iweala.. We appreciate how none of you know where the monies from Nigeria's Crude Oil sales are entering.. Wether JP MORGAN or Savannah Bank.. But thanks for such cluelessness. 160 million people have had enough.. You have shown us your ability.. Time for change is now. 7 Likes 4 Shares |
Re: Oil Slump: FG May Borrow From World Bank, Others by kaz4sure: 3:34pm On Jan 02, 2015 |
The question we should ask the government is what have they been doing with the fund in the excess crude oil account? |
Re: Oil Slump: FG May Borrow From World Bank, Others by napoleonbaba(m): 3:56pm On Jan 02, 2015 |
koredeolanrewaju: Wait u graduated from Sambisa university of advanced macro economics right? |
Re: Oil Slump: FG May Borrow From World Bank, Others by Parolee: 3:59pm On Jan 02, 2015 |
I once asked a while back in this forum the meaning of the name Ngozi in the Nigerian context and was told it means Blessing. Here in South Africa - Ngozi in isiZulu language means Danger. |
Re: Oil Slump: FG May Borrow From World Bank, Others by chaloner(m): 4:10pm On Jan 02, 2015 |
datribune:bro I understand but nt dis time he should hav come durin abacha or obj not now we re tryin to build strong nigeria n tell him to wait after 2019 |
Re: Oil Slump: FG May Borrow From World Bank, Others by ooshinibos: 4:28pm On Jan 02, 2015 |
Ayekotoo:and let me add , what happened to the external reserve of 36 billion dollars that obj left behind ? 1 Like |
Re: Oil Slump: FG May Borrow From World Bank, Others by datribune: 4:37pm On Jan 02, 2015 |
chaloner: dis is d perfect time because d situations ar very similar. In 1983 politicians looted d country to bankruptcy in d worst economic recession in our history & racked up massive external debt some of which Buhari paid & d rest was paid recently by OBJ. Should we continue on dis path dat we ar threading, we might end up God forbid, in d precarious economic situation dat led to d end of d second republic in 1983. Can we afford to go on dis way?. Never in our history has d gap between d rich & poor been wider. because of govt policies & corruption, d rich, govt sponsors & donors keep getting richer & d poor keep getting poorer. Our economy is d largest in Africa. d richest black man in d whole world is a Nigerian. d richest black woman in africa is a Nigerian but majority of nigerians live below $2 per day. Can we go on dis way?. Vote wisely. I wish u luck on ur decision on who to vote 4. |
Re: Oil Slump: FG May Borrow From World Bank, Others by 14DUI(m): 4:54pm On Jan 02, 2015 |
All i know is that Nigerian deserve the leader they get, pls vote GEJ for another 4 years and continue your transformation..... All i know is that me and my generation will not pay a dime in the loan GEJ borrow and, it is sure the hardship has just started.... It's only a mad man will do same thing over several times and expect different outcome. Nigerians, you future is in your hands..... Vote come feb.14 and enjoy your decision from Feb.15.... Note: I will not borrow anything in life and expect my children to pay the burden.... that exactly what this GEJ is doing, you are already feeling the hardship in the devaluation of the naira when you live above your means.. 2 Likes 1 Share |
Re: Oil Slump: FG May Borrow From World Bank, Others by 14DUI(m): 4:59pm On Jan 02, 2015 |
swezenberg: my brother, there is little you can do to help people that are suffering from their own handwork.... I am happy buying gas at 1.68 dollaer per gallon here and i know it will get lower as things progress... Let Nigerians continue their goodlock/greedlock 1 Like 1 Share |
Re: Oil Slump: FG May Borrow From World Bank, Others by eagleonearth(m): 5:01pm On Jan 02, 2015 |
The fiscal document is also targeting a projected aggregate revenue of N3.602tn made up of N1.918tn oil revenue and non-oil revenue of N1.684tn. This, according to analysis, will imply a ratio of 53 per cent oil revenue to 47 per cent non-oil revenue. The budget also projects a Gross Domestic Product growth rate of 5.5 per cent, with non-oil revenue (including non-Federation Account funds) of N1.68tn; fiscal deficit of N755bn (or 0.79 per cent of GDP); and domestic borrowing of N570bn, down from N571.9bn in 2014. The 2015 budget proposal has a N4.358tn expenditure figure made up of N412bn for statutory transfers, N943bn for Debt Service, N2.61tn for recurrent expenditure (non-debt) and N634bn for capital expenditure (inclusive of the Subsidy Reinvestment and Empowerment Programme). POVERTY RESULTS WHEN YOU SPEND MORE THAN YOU EARN. |
Re: Oil Slump: FG May Borrow From World Bank, Others by swezenberg(m): 5:57pm On Jan 02, 2015 |
14DUI: My brother please which State is that? 1.68 is a serious reduction.Please let me know where you are because I don't know why it is still expensive in Penn State. My former colleague in Illinois told me he buys for 2 dollar per gallon. DUI - I hope you don't Drive Under the Influence of ********. You know what I mean |
Re: Oil Slump: FG May Borrow From World Bank, Others by OmoUSH(m): 7:17pm On Jan 02, 2015 |
koredeolanrewaju:A country filled with in depth cluelesness and daft stars, PATHETIC! |
Re: Oil Slump: FG May Borrow From World Bank, Others by Hilaskee(m): 7:50pm On Jan 02, 2015 |
Obinoscopy:he paid up almost all the debts owed at that time and built more oil depots in our refineries...check your records |
Re: Oil Slump: FG May Borrow From World Bank, Others by Remii(m): 9:37pm On Jan 02, 2015 |
calebo101: even GEJ will not do anything this year, capital budget is less that N700B out of N4.6 trillion they plan to spend. N2.6Tr is for their salaries while N930B is to service debts, check facts and be sure of why you are support politicians, those guys don't care about us.m |
Re: Oil Slump: FG May Borrow From World Bank, Others by simdam500(m): 9:41pm On Jan 02, 2015 |
yommyphresh: Obo n laagunehn! |
Re: Oil Slump: FG May Borrow From World Bank, Others by simdam500(m): 9:47pm On Jan 02, 2015 |
our oil now worthless! we now need to borrow money from the world Bank... I think the minister of finance is appointed for this time.... what have she been doing, this is the time she need to make us feel we have a minister of finance... fvck okonjo! fvck GEJ! fvck PEJ |
Re: Oil Slump: FG May Borrow From World Bank, Others by philipobiz: 9:59pm On Jan 02, 2015 |
What a post by everyone. Conclusion of the matter haven been read and analysed, we are yet to see the worst of this country. Get prepared everyone and fasten your belts! |
Re: Oil Slump: FG May Borrow From World Bank, Others by tonte(m): 10:16pm On Jan 02, 2015 |
I dunno...erm am I supposed to know? MissMeiya: |
Re: Oil Slump: FG May Borrow From World Bank, Others by 14(m): 11:39pm On Jan 02, 2015 |
Kessyy2k4: Biggest economy in Africa with only $23 Billion budget for 160m population South Africa with a budget of $120 Billion for 55m population, 6 times that of Nigeria. Do your maths. Your economy is fake my man. Its a paper economy. 1 Like 1 Share |
Re: Oil Slump: FG May Borrow From World Bank, Others by zo3184: 11:59pm On Jan 02, 2015 |
We are fools. |
Re: Oil Slump: FG May Borrow From World Bank, Others by mako007(m): 12:19am On Jan 03, 2015 |
If the country is broke, let the country play pool abi sports betting. |
Re: Oil Slump: FG May Borrow From World Bank, Others by Larrydee(m): 2:26am On Jan 03, 2015 |
Oga cool down na. Just educate the lad already. I had a good laugh tho. tonte: 1 Like |
Re: Oil Slump: FG May Borrow From World Bank, Others by Larrydee(m): 2:44am On Jan 03, 2015 |
collinsVP: Like Fashola said... Burj Khalifa in Dubai cost $1.5 billion to build. Nigeria has lost $20 billion... That money will definitely be enough to cushion the effect of revenue shortfall. 1 Like |
Re: Oil Slump: FG May Borrow From World Bank, Others by 13july: 3:52am On Jan 03, 2015 |
yemionline:becos pole are afraid to go to the north to mine minerals cos of fear of boko |
Re: Oil Slump: FG May Borrow From World Bank, Others by WinkWrld: 5:31am On Jan 03, 2015 |
Every time I take a deep look, I notice that okonji iweala is making grave errors. Either intentional or mistakenly. It is obvious that there is so much flaws in her works and no one can say anything. A woman may put this nation in trouble if not attended to. A simple question will be! If Nigeria like she said, does not generate it's most revenue from oil production, why now so much shortfall due to oil price drop inturn making Nigeria go borrowing. Does she fully understand the impact of borrowing especially to a country with challenging problems? Honestly, I see her opinions as a time bomb. We all should know that when the chips are down, she will be over the sea |
Re: Oil Slump: FG May Borrow From World Bank, Others by Yusphull(m): 6:37am On Jan 03, 2015 |
mako007: Choi You are so on point... |
Re: Oil Slump: FG May Borrow From World Bank, Others by mako007(m): 7:24am On Jan 03, 2015 |
Yusphull:year, so many ways of making kudi |
Re: Oil Slump: FG May Borrow From World Bank, Others by Kessyy2k4(m): 7:52am On Jan 03, 2015 |
14:u are korrect man! our Economy is a SCAM. its for political gains BTW, u must be a non-nigeria, right? |
Re: Oil Slump: FG May Borrow From World Bank, Others by clemhova: 5:31pm On Jan 03, 2015 |
Sibabasibaba1:Thks for your post but pls provide link to source of yur assertion. See link to mine http:///1xqjb7S |
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