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Nairaland Forum / Nairaland / General / Politics / Nigeria May Lose N985b In Oil Revenue This Year -pwc (8655 Views)
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Nigeria May Lose N985b In Oil Revenue This Year -pwc by georjay(m): 2:02am On May 28, 2015 |
Should oil price average $55 barrels per day this year and recent oil production trends in the country continue, Nigeria could see about $5bn (N985bn) oil revenue shortfall, PricewaterhouseCoopers has said. Source:http://www.punchng.com/business/business-economy/nigeria-may-lose-n985bn-oil-revenue-this-year-pwc/ |
Re: Nigeria May Lose N985b In Oil Revenue This Year -pwc by bongila(f): 2:54am On May 28, 2015 |
Hmmm |
Re: Nigeria May Lose N985b In Oil Revenue This Year -pwc by coolzeal(m): 2:59am On May 28, 2015 |
I don't see this country moving forward if we don't invest rapidly into other sectors like Agriculture, mining, education and adequate power supply to replace crude oil. I wish the oil could vanish now. 9 Likes |
Re: Nigeria May Lose N985b In Oil Revenue This Year -pwc by coolcharm(m): 3:00am On May 28, 2015 |
Well, as bad as it is, this piece is based on the condition of 'IF'. By the way, someone and his cohorts squandered and raped our legitimate resources more than that nw. Abi? Therefore, myself and all other well meaning Nigerians, await our VOLTRON - Muhammad Buhari to restore transparency, Decorum, Due process and Discipline in the oil sector and other vehicles of government. Change is a process and it is painful at times. If the loss is the pain process we have to go through to smile again, then SO BE IT. GOD Bless the Charismatic President of the Federal Republic of Nigeria; General Muhamadu Buhari! 5 Likes 1 Share |
Re: Nigeria May Lose N985b In Oil Revenue This Year -pwc by kazmanbanjoko(m): 3:02am On May 28, 2015 |
Dat one na Spiritual money. Money for d gods. It can never be seen bcoz it is spiritually invisible. 1 Like 1 Share |
Re: Nigeria May Lose N985b In Oil Revenue This Year -pwc by Polithiefcian(m): 4:17am On May 28, 2015 |
Re: Nigeria May Lose N985b In Oil Revenue This Year -pwc by Nobody: 4:50am On May 28, 2015 |
Don't worry Uncle B is set to stabilise international oil prices so you lazy leeches can feed fat on your azzes on Niger Delta oik. Useless nation 10 Likes 2 Shares |
Re: Nigeria May Lose N985b In Oil Revenue This Year -pwc by omenka(m): 5:27am On May 28, 2015 |
If I were Buhari, one of the first actions I'd take on assumption of duty is to comb every single book from finance ministry and customs and get rid of those questionable waivers granted some importers. Imagine these guys were granting waivers to Coscharis for the import of Luxury cars... And NOI claims to be a good economist. 8 Likes |
Re: Nigeria May Lose N985b In Oil Revenue This Year -pwc by olasmith10(m): 5:59am On May 28, 2015 |
any slight mishap in our economy greatly affects our recurrent expenditure.. |
Re: Nigeria May Lose N985b In Oil Revenue This Year -pwc by modath(f): 6:05am On May 28, 2015 |
BackDatAssUp: Una TANoids nor dey tire?? 4 years long oo. What and who's stopping you stopping you from relocating to Burundi? Na by force to live for here? 4 Likes |
Re: Nigeria May Lose N985b In Oil Revenue This Year -pwc by jorlons(m): 7:03am On May 28, 2015 |
There couldn't be a better time for Govt. to start rapid diversification of the economy. The mismanagement in the oil sector has left us in a position akin to recession. We need to make policies that will fast-track our diversification agenda. All thanks to our so called CME, NOI who deceived us that things were okay rather we're far from okay. Well no time for lamentations, lets get to work. 1 Like |
Re: Nigeria May Lose N985b In Oil Revenue This Year -pwc by BlackBaron: 7:07am On May 28, 2015 |
Diversification is urgently required. Need to push out of over reliance on black gold. Open up other sectors and hopefully can generate a sizable alternative sources of funds. |
Re: Nigeria May Lose N985b In Oil Revenue This Year -pwc by georjay(m): 7:34am On May 28, 2015 |
Cc: lalasticlala ishilove |
Re: Nigeria May Lose N985b In Oil Revenue This Year -pwc by hopilo: 7:51am On May 28, 2015 |
Any small disruption in oil production activities will result in Nigeria going into recession. Niger deltans no violence please, Buhari no disruption of Niger deltan interest. |
Re: Nigeria May Lose N985b In Oil Revenue This Year -pwc by micolaj: 7:56am On May 28, 2015 |
That's what happened when your source of income is majorly based on commodities. Any hit in the commodity market will automatically affect your income and the economy at large. Simple, stop running a commodity-powered economy. Diversification into non-commodity is the best path. AFRICA MUST WAKE UP. |
Re: Nigeria May Lose N985b In Oil Revenue This Year -pwc by Gepheral: 11:39am On May 28, 2015 |
Chai |
Re: Nigeria May Lose N985b In Oil Revenue This Year -pwc by asumo12: 11:39am On May 28, 2015 |
Re: Nigeria May Lose N985b In Oil Revenue This Year -pwc by Bonapart(m): 11:39am On May 28, 2015 |
Oyel oyel oyel..... invest rapidly on something else please!!! AGRICULTURE is there also |
Re: Nigeria May Lose N985b In Oil Revenue This Year -pwc by Nobody: 11:40am On May 28, 2015 |
Hmm |
Re: Nigeria May Lose N985b In Oil Revenue This Year -pwc by M4gunners: 11:41am On May 28, 2015 |
Good |
Re: Nigeria May Lose N985b In Oil Revenue This Year -pwc by obioraeze(m): 11:42am On May 28, 2015 |
The only news I wanna hear is buhari pls |
Re: Nigeria May Lose N985b In Oil Revenue This Year -pwc by ooshinibos: 11:42am On May 28, 2015 |
Makes no difference , we don't benefit from the oil sales anyway ...stupid story |
Re: Nigeria May Lose N985b In Oil Revenue This Year -pwc by ITbomb(m): 11:43am On May 28, 2015 |
Don't worry, next 24 hours, Baba One Chance will come and stabilize the oil prices 1 Like |
Re: Nigeria May Lose N985b In Oil Revenue This Year -pwc by emburgceo(m): 11:45am On May 28, 2015 |
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Re: Nigeria May Lose N985b In Oil Revenue This Year -pwc by barry40: 11:45am On May 28, 2015 |
Is it a curse that we have oil. Nigeria seemed to be better off during the era of groundnut pyramid. It is time we diversify our economy.
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Re: Nigeria May Lose N985b In Oil Revenue This Year -pwc by axeman10(m): 11:46am On May 28, 2015 |
To an average Nigerian - PwC should stop nonsense speculations... You that cannot reconcile $20bn conclusively..keep your financial modelling and forecasting advice where your mouth is. |
Re: Nigeria May Lose N985b In Oil Revenue This Year -pwc by DaGC(m): 11:50am On May 28, 2015 |
Hopefully, we can get other high revenue generating policies and industries to fall back on soonest. Oil has played its part in the development of Nigeria. It might still be the most important, but shouldn't be so by such a wide margin. |
Re: Nigeria May Lose N985b In Oil Revenue This Year -pwc by PassingShot(m): 11:51am On May 28, 2015 |
Just imagine if we had about $70 billion in our foreign reserves and ECA! Unfortunately, Jona and his crew wasted the golden era in our nation's history. Time for baba to diversify the economy big time. 1 Like |
Re: Nigeria May Lose N985b In Oil Revenue This Year -pwc by Pavore9: 11:51am On May 28, 2015 |
Buhari should work towards diversifying the economy, solely depending on oil makes no sense! 1 Like |
Re: Nigeria May Lose N985b In Oil Revenue This Year -pwc by Realdeals(m): 11:52am On May 28, 2015 |
Re: Nigeria May Lose N985b In Oil Revenue This Year -pwc by UnknownT: 11:52am On May 28, 2015 |
No worries. We have got Voltron as our president from tomorrow. He has got everything under control, we can all go ahead with our daily routines and leave everything to him 2 Likes |
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