Lala come and see confused goverment oooo

Galaticos444:
Lala come and see confused goverment oooo

Confused lazy youth

Running Nigeria like a bet9ja shop

Brandstudio01:
I pray anything would be left for the unborn generation by the time all this drama will be over

Must you rush and talk? Even if you must rush to post, try and have some restraints, read and understand so that you make sensible points when you eventually do so.

itsme01:
Buhari shouldnt sell [b]our oil asset, [/b]with all the loans he is taking we need more oil asset to generate income to pay back

Wake up braaaooooo....there's nothing like our in the present Nigeria..

God bless Nigeria.

Brandstudio01:
Please stop and say a prayer for the Destiny of our unborn kids in this country. And it's not funny

Oga I hope you know Nigeria has remained the world prayer headquarters for years now. My advise, the best prayer for you & your unborn children is to secure a visa. You will thank me later.

i might not like buhari or any of our past leaders but the honest truth is that for us in the oil and gas, this is one of the best decision by these administration. selling those assets that will be bought by the same cronies with yeye oyinbos fronting for them wont help us in the long run and it will automatically reduce what we receive in the future, so this is a good decision.i salute the courage of the president to do these reversal.

Nigeria is going to.make the same money from the new deep offshore and inland basin act 2019 ( $500m for 2019 and $1.4 bn yearly subsequently) so why sell the stakes in the JVs?.
Buhari is one of the most patriotic Nigerian Presidents ever. I say this with high sense of responsibility.
Nigeria also seems to have some healthier revenue projections from VAT and possibly income tax so again why sell?

we should leave oil una no dey hear.

post=85223413:

Yes, your evil PDP of a criminal party almost sold Nigeria to the highest bidder few years back.
But God pass all of una!

God saved our country from criminals and looters.

APC is worst ooo ZOMBIE

ProsperChild:

Source: https://punchng.com/fg-reverses-decision-to-sell-oil-asset-stake/

I am not sure this is a good idea.

The global push towards a carbon free world makes fossil fuels a seriously wasting asset. In a saner clime, the JV assets would be sold of to be reinvested in other asset classes. In Nigeria however large sums of money cN disappear or be eaten by "rats" and "snakes"

So in a compromise, sell down the JV and transfer funds to the Sovereign Wealth fund for investment in Ports ( including asset terminals, a redesigned public school system and then in high alpha foreign assets to hedge currency risk.

This is somewhat simplistic. But much better than falling crude prices, snakes and rats.

IMASTEX:

Oga I hope you know Nigeria has remained the world prayer headquarters for years now. My advise, the best prayer for you & your unborn children is to secure a visa. You will thank me later.

Nigeria has a bright future. The politicians may be corrupt, but corruption is in every country. It's time the people rise and regain control of the country and prevent the sale of national assets to the highest bidders.

nairalee:
This government is just confused and clueless.

1) Buhari said he doesn't believe in subsidy in it's entirety. Now he's paying it
2) Buhari and his men have said severally that Boko Bombers has been defeated yet they keep fighting BH
3) Buhari said he belongs to everybody and nobody yet we all see clearly he belongs to the north
4) Buhari said he will put an end to frivolous foreign trips yet he cures even his headache in London as there's no paracetamol in Aso clinic
5) Buhari said he doesn't believe in the office of the First lady but in practice reverse is the case
6) Buhari closed borders but is going to give free visa to ALL Africans upon entry into Nigeria in 2020

7) Now this

To your comments:
1. He doesn't believe in paying subsidy to individuals and their companies.
2. Whether the wailers will agree or not the Boko Boys have been defeated. It is normal to keep on having ambushes once in a while but sooner than later they will be no more.
3. For your information the North comprises nineteen states with a land of almost two and a half the size of the South and most populous.
4. Nigerians are responsible for the office of the first lady. When Buhari scrapped the office of the first lady, the state government could have followed suit but they refused to and Nigerians such as to you could not raised your voice then as you are doing now.
5. On the issue of border closure, it was closed to goods and not humans.

BreconHills:


I am not sure this is a good idea.

The global push towards a carbon free world makes fossil fuels a seriously wasting asset. In a saner clime, the JV assets would be sold of to be reinvested in other asset classes. In Nigeria however large sums of money cN disappear or be eaten by "rats" and "snakes"

So in a compromise, sell down the JV and transfer funds to the Sovereign Wealth fund for investment in Ports ( including asset terminals, a redesigned public school system and then in high alpha foreign assets to hedge currency risk.

This is somewhat simplistic. But much better than falling crude prices, snakes and rats.

It is not a bad idea to sell the stakes in the joint venture with oil majors down to 40% if the proceeds are going to be used judiciously and reinvested to diversify the economy. However, as Nigerians we know our leaders are rats and snakes-the second the billions are received within 24 hours the money will disappear to tax havens with the help of foreign collaborators to British Virgin Islands,Seychelles,Panama,Cayman Islands and other tax havens-Nigeria leaders have PHD in money laundering. Nigeria will now be on the road the bankruptcy, because there will be future shortfall in revenue because we will be receiving 15% less in revenue moving forward when the 55% stake we currently have is reduced to 40%. And the only beneficiaries will be the corrupt advisors that will buy the stakes with the aid foreign collaborators.

Vanhooijdonk:

It is not a bad idea to sell the stakes in the joint venture with oil majors down to 40% if the proceeds are going to be used judiciously and reinvested to diversify the economy. However, as Nigerians we know our leaders are rats and snakes-the second the billions are received within 24 hours the money will disappear to tax havens with the help of foreign collaborators in British Virgin Islands,Seychelles,Panama,Cayman Islands and other tax havens-Nigeria leaders have PHD in money laundering. Nigeria will now be on the road the bankruptcy, because there will be future shortfall in revenue because we will be receiving 15% less in revenue moving forward when the 55% stake we currently have is reduced to 40%[/b]. And the only beneficiaries will be the corrupt advisors that will buy the stakes with the aid foreign collaborators.

Agreed. A quandary.

Leas than 51% means you're no longer a majority owner

Vanhooijdonk:
It was a terrible idea to begin with-reduce the stake in the joint ventures to 40% to raise billions of dollars for audio infrastructure projects that will be looted by the fantastically corrupt political class. And face future shortfall in revenue which will lead to greater budget deficit and debt financing, further bringing to country closer to future insolvency.

I am happy the decision was reversed, the President was deceived by selfish advisers to reduce the stake to 40%. This same advisers would have gone through the backdoor to buy stakes in the joint ventures.

So it's better the government borrow $30 billion that they have no means of repayment.

Nigerian can defend anything sha expectially the youth. You hear or read some comments and you are 'like what the hell is this one talking about...
Sometimes i wonder if we are breeding stupidity in this country.
Some youths that called themselves youth leaders from ethnic nationalities when to brekete family (human right radio) the other day go disgrace their unborn generation. One of them made a honest submission which many may have overlooked. He said "everything is about interest". Literally saying, Pinnick and NFF has their interest at heart and they our energetic and vibrant youth leader has a mandate to defend Pinnick and NFF.
I just imagine where being divided based on "interest" will take us in this country.
Merry Christmas! �

Oh

sulaak:


So it's better the government borrow $30 billion that they have no means of repayment.

They don't need to borrow a single penny. They should recover the $582 billion dollars looted by Nigeria's fantastically corrupt politicians some of whom are Ministers in Buhari's governemnt.

.