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Nairaland Forum / Nairaland / General / Politics / Why Nigerians Will Become Poorer With Rising Oil Prices - Henry Boyo (14712 Views)
Donald Duke Replies Ngozi Okonjo-Iweala "You Left Nigeria Poorer Than You Met It / Nigerians Are Getting Poorer, Says IMF / Opinion On Rising Price Of Oil On Why Nigerians Will Become Poorer (2) (3) (4)
Why Nigerians Will Become Poorer With Rising Oil Prices - Henry Boyo by dre11(m): 9:57am On Jan 16, 2017 |
Henry Boyo http://punchng.com/nigerians-will-become-poorer-rising-oil-prices/ 7 Likes 2 Shares |
Re: Why Nigerians Will Become Poorer With Rising Oil Prices - Henry Boyo by rusher14: 10:08am On Jan 16, 2017 |
Stopped reading at the point you say he promised parity between dollar and naira. If you cannot provide a quote then forget the epistle. Please don't provide a Vanguard newspaper headline. They couldn't have been the only media present when he spoke and yet cannot provide a single quote in which he promised to ensure parity between both currencies. Henry Boyo, you are on your own. 10 Likes |
Re: Why Nigerians Will Become Poorer With Rising Oil Prices - Henry Boyo by hisgrace090: 10:18am On Jan 16, 2017 |
Which way naija? Who will bail the cat. CBN what is wrong with you. 3 Likes |
Re: Why Nigerians Will Become Poorer With Rising Oil Prices - Henry Boyo by Eastactivist: 10:48am On Jan 16, 2017 |
Why should ignorant folks be granted interviews by some foolish medias. This man vituperations is reeked with sheer ignorance. So many flaws. 6 Likes 1 Share |
Re: Why Nigerians Will Become Poorer With Rising Oil Prices - Henry Boyo by Armaggedon: 10:51am On Jan 16, 2017 |
This is the time that demands for real governance not when oil exchanged for $120 per barrel. With the oil boom then any dummy could rule as presidiot. Just share allocation to states, award fake contracts and get feedbacks through ministries, embezzle your own and keep the rest for campaign. During campaign, fly ethnic kite and watch the zoo ethnic groups fight over you while you complete your 8years, and the cycle continues. Now things have changed, the pple cant even feed, workers are unpaid, the economy is shrinking 'cos of low production, unemployment rate is unprecedented, no power/infrastructure or capital to boost industralization. Where will the govt get money to fix infrastructure when it is borrowing to fund budget. Borrowing that will never be repaid. Where will you get money to repay when Oil production is down cos of militancy and, even if it miraculously resumes you wont make much cos of higher global supply (the opec measure is temporary) it is obvious that this is the end of the road for the zoo. No need to apply force cos nature will take care of the parting. 8 Likes |
Re: Why Nigerians Will Become Poorer With Rising Oil Prices - Henry Boyo by TheTimeKeeper: 10:57am On Jan 16, 2017 |
You won't regret it
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Re: Why Nigerians Will Become Poorer With Rising Oil Prices - Henry Boyo by bettercreature(m): 10:57am On Jan 16, 2017 |
Eastactivist:He is probably reading his own book from the back he forgot we were very okay when oil was 120$ per barrel 2 Likes 1 Share |
Re: Why Nigerians Will Become Poorer With Rising Oil Prices - Henry Boyo by MrGreenMavro: 10:59am On Jan 16, 2017 |
Re: Why Nigerians Will Become Poorer With Rising Oil Prices - Henry Boyo by IVORY2009(m): 10:59am On Jan 16, 2017 |
[s] rusher14:[/s] Nonsense 27 Likes |
Re: Why Nigerians Will Become Poorer With Rising Oil Prices - Henry Boyo by funmilade4real(m): 10:59am On Jan 16, 2017 |
I wan go Yankee, any good Samaritan in the house? |
Re: Why Nigerians Will Become Poorer With Rising Oil Prices - Henry Boyo by Armaggedon: 10:59am On Jan 16, 2017 |
. |
Re: Why Nigerians Will Become Poorer With Rising Oil Prices - Henry Boyo by kajsa08: 11:00am On Jan 16, 2017 |
read only the first paragraph. .
phew...... such a long post but I still got d idea. |
Re: Why Nigerians Will Become Poorer With Rising Oil Prices - Henry Boyo by wildchild1: 11:02am On Jan 16, 2017 |
Hmmmmmmm Check my signature |
Re: Why Nigerians Will Become Poorer With Rising Oil Prices - Henry Boyo by Eastactivist: 11:03am On Jan 16, 2017 |
bettercreature:That's not the issue am pointing out. Or are you saying we should blame the recession, spiral inflation and weaken currency because of low oil price? Think again. |
Re: Why Nigerians Will Become Poorer With Rising Oil Prices - Henry Boyo by frisky2good(m): 11:04am On Jan 16, 2017 |
Make dem kuku kill us na. |
Re: Why Nigerians Will Become Poorer With Rising Oil Prices - Henry Boyo by Nobody: 11:05am On Jan 16, 2017 |
nd2all: I think that we have had enough of these kind of easy come easy go money making schemes. I will rather clean toilets for limited money than do them kind of schemes. 7 Likes |
Re: Why Nigerians Will Become Poorer With Rising Oil Prices - Henry Boyo by Atiku2019: 11:06am On Jan 16, 2017 |
I doubt if Henry Boyo is an Economist Nice Interview, but too many flaws In Atiku We Trust 1 Like 1 Share |
Re: Why Nigerians Will Become Poorer With Rising Oil Prices - Henry Boyo by bettercreature(m): 11:08am On Jan 16, 2017 |
Eastactivist:Yes low oil price caused our misfortune.OUR PROBLEM STATED THE DAY GEJ STOPPED BANKS FROM PAYING WESTERN UNION AND MONEYGRAM OUT IN DOLLAR due to low foreign exchange caused by low crude oil price,we are not even alone,All the oil producing countries are seriously affected, This man is just clueless.I have never heard of higher oil price having negative effect on oil producing country since i was born 2 Likes 1 Share |
Re: Why Nigerians Will Become Poorer With Rising Oil Prices - Henry Boyo by SurePresident: 11:09am On Jan 16, 2017 |
Re: Why Nigerians Will Become Poorer With Rising Oil Prices - Henry Boyo by FunkyMetahuman: 11:10am On Jan 16, 2017 |
Buhari has no clue what the economy is.. That's why we still have dumb Emiefiele and useless adeosun running things. 1 Like |
Re: Why Nigerians Will Become Poorer With Rising Oil Prices - Henry Boyo by Icon4s(m): 11:13am On Jan 16, 2017 |
hisgrace090: It is "bell". To topic. As rightly said by Henry Boyo, the current CBN monetary policy is what is killing our economy. |
Re: Why Nigerians Will Become Poorer With Rising Oil Prices - Henry Boyo by plainol(m): 11:16am On Jan 16, 2017 |
It means we are working 500 times today to get 1 dollar. We have suffered. 1 Like |
Re: Why Nigerians Will Become Poorer With Rising Oil Prices - Henry Boyo by sagitariusbaby(m): 11:16am On Jan 16, 2017 |
rusher14:Did you read the article at all? Vanguard isn't even the publisher but punch. 4 Likes 1 Share |
Re: Why Nigerians Will Become Poorer With Rising Oil Prices - Henry Boyo by Nobody: 11:16am On Jan 16, 2017 |
It makes sense. The biggest problem of any policy is the criminal mindset of Nigerians. I must say such Nigerians are in the minority not because the vast majority are honest but rather because they have to access to the till It makes sense to earn dollars and share dollars to the state. Let states need to sell dollars to pay their bills. Set this at market prices and the FX rate SHOULD stabilize and improve. But the state Governors in man cases will simply create phony demand and use this to sell to themselves, using the massive storehouse of naira they have built up. Many of the Nigerian elite own more than entire countries and so policy is not so m between government and it's citizens but between government, family owned countries within a country and the poor citizens. 1 Like 1 Share |
Re: Why Nigerians Will Become Poorer With Rising Oil Prices - Henry Boyo by dimeji1(m): 11:26am On Jan 16, 2017 |
I am still confused while Nig Government continues to employ Bankers as CBN Gov. An economist should be the ideal person to manage CBN not all these marketers calling themselves bankers. 6 Likes |
Re: Why Nigerians Will Become Poorer With Rising Oil Prices - Henry Boyo by ipodstinks: 11:33am On Jan 16, 2017 |
The stupid anti-mmm criers won't write epistle to the federal govt on this o. Foolish ppl with dull brain. |
Re: Why Nigerians Will Become Poorer With Rising Oil Prices - Henry Boyo by kings09(m): 11:40am On Jan 16, 2017 |
Buhari's legacy |
Re: Why Nigerians Will Become Poorer With Rising Oil Prices - Henry Boyo by Nobody: 11:41am On Jan 16, 2017 |
Instant resignation of the dumb nomad n crew 'll be the best panacea to rectify the status quo! Nig is fast heading south!! |
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