Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,194,126 members, 7,953,482 topics. Date: Thursday, 19 September 2024 at 05:06 PM |
Nairaland Forum / Nairaland / General / Politics / Nigeria Realises N118tn In 53 Years From Crude Oil – NBS (7897 Views)
Kaduna Realises N1.9m From Lockdown Violators In 2 Days / Certificate Saga: Buhari Left Sec. School 53 Years Ago, Pardon Him"—Lai Mohammed / TSA: Nigerian Government Realises N7trillion (2) (3) (4)
Nigeria Realises N118tn In 53 Years From Crude Oil – NBS by blogbuilder: 8:25pm On Oct 05, 2017 |
The National Bureau of Statistics says Nigeria has realised more than N 118 tn from crude production and refining from 1961. The NBS report , which has additional data from the Nigerian National Petroleum Corporation, collated its statistics from 1961 till 2014 . “The petroleum statistics on crude oil production and oil refining reflects that a total 32 . 70 billion barrels of crude oil valued at N118 . 49 tn has been produced between 1961 and 2014 . “The highest barrels of crude production was recorded in the year 2005 with 918 .66 million barrels valued at N6 .14 bn . “The lowest was, however , recorded in 1961 with 16 .80 million barrels valued at N 18 . 73 m “The yearly domestic crude oil refining data from 1997 to 2014 also reflected that 844 .19 million of crude oil has been received and 835 .58 million processed within the period under review, ’’ the report stated . ( NAN ) source: http://punchng.com/nigeria-realises-n118tn-in-53-years-from-crude-oil-nbs/
|
Re: Nigeria Realises N118tn In 53 Years From Crude Oil – NBS by Tolexander: 8:33pm On Oct 05, 2017 |
so unfortunate that the large percentage of this amount has been stolen by less than 5% of the population 38 Likes 2 Shares |
Re: Nigeria Realises N118tn In 53 Years From Crude Oil – NBS by galadima77(m): 8:34pm On Oct 05, 2017 |
I can bet a chunk of it was stolen by our leaders 5 Likes |
Re: Nigeria Realises N118tn In 53 Years From Crude Oil – NBS by hungryboy(m): 8:35pm On Oct 05, 2017 |
not only did our past leaders loot majority of this money, dem still borrow trillions from banks, steal am, leave the credit ontop our head. 14 Likes |
Re: Nigeria Realises N118tn In 53 Years From Crude Oil – NBS by fuckingAyaya(m): 8:35pm On Oct 05, 2017 |
BUT NOTHING TO WRITE HOME ABOUT[color=#006600][/color] 1 Like |
Re: Nigeria Realises N118tn In 53 Years From Crude Oil – NBS by blogbuilder: 8:42pm On Oct 05, 2017 |
D money is no where to be found.. Chai......i weep for this country 2 Likes |
Re: Nigeria Realises N118tn In 53 Years From Crude Oil – NBS by yanshDoctor: 8:55pm On Oct 05, 2017 |
N108 trillion or $108 trillion? if its the first then that figure is not correct. and according to World Bank, Nigeria only need $15 trillion to become a developed country. but we have made over $35-40 trillion so far from oil alone. maybe the inflation margin then and now also played a role in this calculation. 8 Likes |
Re: Nigeria Realises N118tn In 53 Years From Crude Oil – NBS by oladeebo: 9:22am On Oct 06, 2017 |
All what I read here is complain complain less, give your opinion the matter! The reason why the money is not develop Nigeria is this: out of this ₦108 trillion generated, 70% went to recurrent expenditure(cost of governance & public civil servants) which in total not exceed 30% 30% went to capital expenditure(70% of Nigeria population) and 20% of it is stolen. and you people said we should blame system for that not politicians! hilarious. |
Re: Nigeria Realises N118tn In 53 Years From Crude Oil – NBS by baralatie(m): 9:25am On Oct 06, 2017 |
oladeebo:you did not calculate it well 1 Like |
Re: Nigeria Realises N118tn In 53 Years From Crude Oil – NBS by aolawale025: 9:27am On Oct 06, 2017 |
Nigeria has nothing to show for it. Had the civilian government been allowed to go on, nigeria would have been like Europe today |
Re: Nigeria Realises N118tn In 53 Years From Crude Oil – NBS by baralatie(m): 9:35am On Oct 06, 2017 |
#118 trn is alleged gross receipts! foreign investors have 40% of that =#47.2 trillion The National govt only got=#62.8 trillion The federal arm got 53%=#33.28 trillion The state and l.g.a got=#29.52 trillion 1 Like |
Re: Nigeria Realises N118tn In 53 Years From Crude Oil – NBS by baralatie(m): 9:39am On Oct 06, 2017 |
The Nigerian Federal govt got for annual receipts=#33.28÷53 years that is =#0.63 trillion per year that is #630 billion |
Re: Nigeria Realises N118tn In 53 Years From Crude Oil – NBS by baralatie(m): 9:41am On Oct 06, 2017 |
The state and local gvt is the one that reflects the madness of oil income misnomer.I will come and show this later |
Re: Nigeria Realises N118tn In 53 Years From Crude Oil – NBS by baralatie(m): 9:51am On Oct 06, 2017 |
The State and l.ga got #29.52 trillion÷53 that is=#0.56 trillion,560 billion per year |
Re: Nigeria Realises N118tn In 53 Years From Crude Oil – NBS by oladeebo: 11:08am On Oct 06, 2017 |
baralatie:ok calculate it better. |
Re: Nigeria Realises N118tn In 53 Years From Crude Oil – NBS by Jesusloveyou: 12:38pm On Oct 06, 2017 |
Minus the stolen one's. 2 Likes |
Re: Nigeria Realises N118tn In 53 Years From Crude Oil – NBS by Jesusloveyou: 12:54pm On Oct 06, 2017 |
oladeebo:that is why we still blamed PDP and ineffectual buffoon 2 Likes 3 Shares |
Re: Nigeria Realises N118tn In 53 Years From Crude Oil – NBS by Hofbrauhaus(m): 1:07pm On Oct 06, 2017 |
Jesusloveyou: Are you not tired of always repeating the same thing day in day out? 5 Likes |
Re: Nigeria Realises N118tn In 53 Years From Crude Oil – NBS by Jesusloveyou: 1:43pm On Oct 06, 2017 |
Hofbrauhaus:just that the cash is more than what is been reported, and for 16yrs, your ineffectual buffoon and PDP share the cash without doing anything. And you are about to blame jubrin the new president of Nigeria 3 Likes 3 Shares |
Re: Nigeria Realises N118tn In 53 Years From Crude Oil – NBS by felixomor: 3:18pm On Oct 06, 2017 |
Where is the money? 1 Like |
Re: Nigeria Realises N118tn In 53 Years From Crude Oil – NBS by olaolulazio(m): 3:19pm On Oct 06, 2017 |
Where's the money? 1 Like |
Re: Nigeria Realises N118tn In 53 Years From Crude Oil – NBS by temitemi1(m): 3:19pm On Oct 06, 2017 |
Jubril from sudan is looting the money through Baru #BringbackOur26billion 1 Like |
Re: Nigeria Realises N118tn In 53 Years From Crude Oil – NBS by thoollz: 3:19pm On Oct 06, 2017 |
Is it d crude oil other countries are dumping? Una eyes go see shege when u don't get buyers again 1 Like |
Re: Nigeria Realises N118tn In 53 Years From Crude Oil – NBS by Hofbrauhaus(m): 3:20pm On Oct 06, 2017 |
Our oil money... 2 Likes |
Re: Nigeria Realises N118tn In 53 Years From Crude Oil – NBS by Nobody: 3:20pm On Oct 06, 2017 |
And no impact on the common man on the street standard of living |
Re: Nigeria Realises N118tn In 53 Years From Crude Oil – NBS by OyiboOyibo(m): 3:20pm On Oct 06, 2017 |
US army budget 4 a yr is $1trillion n Nigeria made 118ttillion 4rm oil in 53yrs....wat a poor country 2 Likes |
Re: Nigeria Realises N118tn In 53 Years From Crude Oil – NBS by felixomor: 3:21pm On Oct 06, 2017 |
Jesusloveyou:Is GEJ also responsible for the corruption Kachikwu exposed some days back in the NNPC? Also, take note This president is not new. Its 2 years plus now. 2 Likes |
Re: Nigeria Realises N118tn In 53 Years From Crude Oil – NBS by iamchybs(m): 3:21pm On Oct 06, 2017 |
And how exactly did it grow the economy? more than half have been successful distributed to the top shareholders of the country (politicians) 1 Like |
Re: Nigeria Realises N118tn In 53 Years From Crude Oil – NBS by Lawrry(m): 3:21pm On Oct 06, 2017 |
blogbuilder: Nigeria! An hero like a slave. |
Re: Nigeria Realises N118tn In 53 Years From Crude Oil – NBS by Pavore9: 3:21pm On Oct 06, 2017 |
Most ended up in private pockets. |
Re: Nigeria Realises N118tn In 53 Years From Crude Oil – NBS by princeade86(m): 3:23pm On Oct 06, 2017 |
and what does the money used for in our country except thieving it. |
Re: Nigeria Realises N118tn In 53 Years From Crude Oil – NBS by Miamibutch(m): 3:24pm On Oct 06, 2017 |
I don't think there's any country in the world that can come close to Nigeria as long as corruption is concerned... That's enough income for the rest of Africa and beyond to be envious of us. With the current state of the nation... The future isn't going to be any different. That's enough reason restructuring should be considered. 1 Like |
Edun Panel Seeks Removal Of SIP From Humanitarian Ministry To Finance / GEJ Achievement Tracker - 2010 - Till 2015 / Rauf Aregbesola Wants Abiola Listed As One Of Nigeria's Ex- Presidents
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 31 |