Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,152,449 members, 7,816,043 topics. Date: Friday, 03 May 2024 at 12:40 AM

Nigerian Oil And The Disappearing Money ( Aljazeera Report ) - Politics (6) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Nigerian Oil And The Disappearing Money ( Aljazeera Report ) (35595 Views)

US Cuts Nigerian Oil Imports By 11.67 Million Barrels / 60 Nigerian Oil Cargoes Unsold Despite Price Cut / Nigerian Oil And The Disappearing Money (2) (3) (4)

(1) (2) (3) (4) (5) (6) (7) (Reply) (Go Down)

Re: Nigerian Oil And The Disappearing Money ( Aljazeera Report ) by mekusmanuel(f): 7:32pm On Aug 22, 2022
MasterKernel:
The nation doesn't have the features of a nation that will last for than 40 years from now.

The leaders are looting and dumping outside.
Nationals are running out of the nation.
70% Are living below poverty level.
No Power
High Poverty rate
Insurgency
High mortality
High Unemployment rate
High Crime Rate.

Please state one thing wey Nigeria dey do well?

We dey do crime wella: drug peddling, prostitution etc.
Re: Nigerian Oil And The Disappearing Money ( Aljazeera Report ) by Phcmayor(m): 7:32pm On Aug 22, 2022
It goes to selfish politicians that is why tinubu is fighting to become Nigeria president at age of 95 yrs
Re: Nigerian Oil And The Disappearing Money ( Aljazeera Report ) by sonofElElyon: 7:33pm On Aug 22, 2022
mrvitalis:
Nigeria makes less than 25 billion dollars a year from oil .......for a country of 150 million that's nothing ...that should be Lagos revenue

Until every Nigerian pay average of 150,000 naira in tax its impossible to develop this country

Looting of crude oil and massive corruption should first be addressed then standard of living / purchasing power of Nigerians should be significantly enhanced before you talk of taxation... Which might end up in personal pockets anyway.... Inflation going up, earning power going down... Poverty stricken citizenry... Yet they'll have to pay tax for sending text messages among other tax burdens...

1 Like

Re: Nigerian Oil And The Disappearing Money ( Aljazeera Report ) by Ekrenji: 7:34pm On Aug 22, 2022
Who are the big men behind our oil theft?
Re: Nigerian Oil And The Disappearing Money ( Aljazeera Report ) by Erums(m): 7:36pm On Aug 22, 2022
naughtyguess:


That's a very myopic point view, we are competing with nobody and we don't need 150k tax to develop. Abuja is developing without 150k tax, same as Lagos, go and check Ogun state now. We just need sincere leaders who can take us one step ahead at a time. Rome wasn't built in a day!

Wetin u dey talk seff... Where the development
Re: Nigerian Oil And The Disappearing Money ( Aljazeera Report ) by Onewazobia(m): 7:38pm On Aug 22, 2022
mrvitalis:

That's y it's average pay a percentage of what you earn 20% ...if u warn #1000 paying #200 from that won't kill you na or would it ?

If u pay #200 someone who earns one billion would pay 200 million and you both benefit same from government


For now this can't work, the one thy collect we never see where they use am
Re: Nigerian Oil And The Disappearing Money ( Aljazeera Report ) by mrvitalis(m): 7:45pm On Aug 22, 2022
Onewazobia:



For now this can't work, the one thy collect we never see where they use am
Stop voting people you can't trust with your tax

1 Like

Re: Nigerian Oil And The Disappearing Money ( Aljazeera Report ) by mrvitalis(m): 7:46pm On Aug 22, 2022
sonofElElyon:


Looting of crude oil and massive corruption should first be addressed then standard of living / purchasing power of Nigerians should be significantly enhanced before you talk of taxation... Which might end up in personal pockets anyway.... Inflation going up, earning power going down... Poverty stricken citizenry... Yet they'll have to pay tax for sending text messages among other tax burdens...
Vote people u can trust with your tax ...no nation developed without taxing first

1 Like

Re: Nigerian Oil And The Disappearing Money ( Aljazeera Report ) by bepositive11: 7:52pm On Aug 22, 2022
babasolution:
this report is very malicious its purely designed to make Africa and Nigerians look bad

Does Nigeria look good?
Re: Nigerian Oil And The Disappearing Money ( Aljazeera Report ) by Focusmi: 7:56pm On Aug 22, 2022
Freedom to do anything anyway and anyhow dey for my dear country
Re: Nigerian Oil And The Disappearing Money ( Aljazeera Report ) by PharmacyStore: 8:08pm On Aug 22, 2022
May God have mercy
Re: Nigerian Oil And The Disappearing Money ( Aljazeera Report ) by jclassiq(m): 8:08pm On Aug 22, 2022
MasterKernel:
The nation doesn't have the features of a nation that will last for than 40 years from now.

The leaders are looting and dumping outside.
Nationals are running out of the nation.
70% Are living below poverty level.
No Power
High Poverty rate
Insurgency
High mortality
High Unemployment rate
High Crime Rate.

Please state one thing wey Nigeria dey do well?
Nigeria is archetypal of a failed nation. All these thieves could care less. They just want to steal some more before we finally bid farewell to this thing we call a country.
Re: Nigerian Oil And The Disappearing Money ( Aljazeera Report ) by jclassiq(m): 8:10pm On Aug 22, 2022
mrvitalis:
Nigeria makes less than 25 billion dollars a year from oil .......for a country of 150 million that's nothing ...that should be Lagos revenue

Until every Nigerian pay average of 150,000 naira in tax its impossible to develop this country

Start paying your own asap.
Rubbish talk
Re: Nigerian Oil And The Disappearing Money ( Aljazeera Report ) by purplekayc(m): 8:12pm On Aug 22, 2022
wink2015:
Nigeria has the biggest oil reserves in Africa but who’s cashing in?
Nigeria is Africa’s top oil producer and has its biggest economy.
But it’s also coping with crushing levels of poverty.
So where does all that oil money go?


https://www.youtube.com/watch?v=SnqLPSCWads
grin
Re: Nigerian Oil And The Disappearing Money ( Aljazeera Report ) by Iolo(m): 8:26pm On Aug 22, 2022
NOwazobia:
Then first eradicate corruption before talking of taxes.

Well yes. The lower corruption there is the more confidence citizens have towards taxes. However, it’s a bit of a chicken and egg as eradicating corruption will always be an ongoing activity.

The government needs to be very very intentional around both and do them simultaneously.
Re: Nigerian Oil And The Disappearing Money ( Aljazeera Report ) by bejeria101(m): 8:29pm On Aug 22, 2022
What says the vulture suya man, abi na deiziani thief this one also.
Re: Nigerian Oil And The Disappearing Money ( Aljazeera Report ) by Iolo(m): 8:35pm On Aug 22, 2022
Reference:


Exactly what I have been saying for years and shouting from the roof tops when we they were flying Mr. Buhari's anti corruption toga like a kite. We told them that corruption was not the problem of Nigeria but STRUCTURE, one not attuned to productivity.

Can you remember the infamous Obi's debate with Mr. Osinbajo and the tale of the rats in the shop.... grin
I bet Mr. VP will be gobsmacked at what has befallen Nigeria after their anti-corruption crusade and the 'wealth' it has brought Nigeria.... grin

And where will revenue come from if not productivity, the productivity primarily anchored in the roots of industrialization from which all other branches of the economy spring forth.

And where will industrialization come from, what will trigger it, yes, big budget infrastructural expenditure and here lies the twin follies of poverty that has crashed our economy today.

Our industrialization drive and infrastructural spending failed to meet our biggest wasteful expenditure, we did not invest in petroleum refining insisting on railways instead and after borrowing heavily for that, we gave everything over to the chinese to build robbing us of the industrial trigger required to build a productive economy.

This is where intelligent, visionary leadership is critical. Leaders who know INDEED how to create wealth, how to build economies from scratch, how to wean this country from consumerism, rent-seeking and round tripping....

100% agree. One aspect of our problem stems from a lack of identity. Are we a socialist economy or a capitalist one? On one hand we seem to want to run things from a socialist perspective, for example, keeping refineries that haven’t generated income in decades, or operating our health and education system strictly on Government funding, petrol subsidies and the likes. Challenge is we don’t have revenues to support these things at a decent level and it further discourages productivity as you’ve rightly said.

Also, the citizens themselves seem to want intellectual leaders but we don’t end up voting for any. Without becoming political, we’ve never had a truly intellectual President in my opinion. This is a problem as politicians will only make decisions that serve their interests even if it is against the greater good. Putting in a productivity based structure means vested interests can no longer induce votes with money, garri and rice. It makes power/elective positions less attractive to individuals who want to enjoy the largesse of power, rather than work for the good of the nation.

We need to wake up as a people and begin to make the tough decisions needed to move forward.
Re: Nigerian Oil And The Disappearing Money ( Aljazeera Report ) by sonofElElyon: 8:53pm On Aug 22, 2022
mrvitalis:

Vote people u can trust with your tax ...no nation developed without taxing first

Hounding poverty stricken people for tax while the leaders demonstrate profligacy and corruption isn't what obtains in sane climes

2 Likes

Re: Nigerian Oil And The Disappearing Money ( Aljazeera Report ) by sammhi(m): 9:02pm On Aug 22, 2022
mrvitalis:
Nigeria makes less than 25 billion dollars a year from oil .......for a country of 150 million that's nothing ...that should be Lagos revenue

Until every Nigerian pay average of 150,000 naira in tax its impossible to develop this country
Chai
U are something else
So U think tax is what makes nation rich ?
There are countries where citizens don't pay tax and are doing very well
It's not about tax but export
Re: Nigerian Oil And The Disappearing Money ( Aljazeera Report ) by mrvitalis(m): 9:03pm On Aug 22, 2022
sonofElElyon:


Hounding poverty stricken people for tax while the leaders demonstrate profligacy and corruption isn't what obtains in sane climes
Yes let the poor get so angry they begin to hold there leaders accountable since there little money is now involved

1 Like

Re: Nigerian Oil And The Disappearing Money ( Aljazeera Report ) by sammhi(m): 9:07pm On Aug 22, 2022
mrvitalis:

Vote people u can trust with your tax ...no nation developed without taxing first
Lies
There are nations that you don't pay tax
And in countries where U pay tax ,it is to augment what Govt is doing .....social services : Health care is free , education is free or heavily subsidized ,etc
Hence the benefits of the tax far outweighs the amount paid
Not here where U pay tax for some people to loot and use to buy private jets etc

1 Like

Re: Nigerian Oil And The Disappearing Money ( Aljazeera Report ) by clericuzzio(m): 9:29pm On Aug 22, 2022
mrvitalis:
Nigeria makes less than 25 billion dollars a year from oil .......for a country of 150 million that's nothing ...that should be Lagos revenue

Until every Nigerian pay average of 150,000 naira in tax its impossible to develop this country

How are the people going to pay the tax when the government is busy destroying their means of livelihood and also engages In wasting resources
Re: Nigerian Oil And The Disappearing Money ( Aljazeera Report ) by brandsoncharlie: 10:16pm On Aug 22, 2022
mrvitalis:
Nigeria makes less than 25 billion dollars a year from oil .......for a country of 150 million that's nothing ...that should be Lagos revenue

Until every Nigerian pay average of 150,000 naira in tax its impossible to develop this country
Where are all the missing money, they’ve done their research very well, “where’s yours”?
Oil companies are sabotaging by paying less tax , why not start from there?
Corruption causing redundancy on the economy why not fix it.
These loopholes should fix.
Re: Nigerian Oil And The Disappearing Money ( Aljazeera Report ) by Taigaban: 10:18pm On Aug 22, 2022
mrvitalis:
Nigeria makes less than 25 billion dollars a year from oil .......for a country of 150 million that's nothing ...that should be Lagos revenue

Until every Nigerian pay average of 150,000 naira in tax its impossible to develop this country
Pay such tax for what? Did government ever use this your "less than 25billion dollars" to alleviate poverty? Or they are all stolen and stashed away in foreign Banks? So only tax money can develop a country? I don't know which economic text book you are reading.
Re: Nigerian Oil And The Disappearing Money ( Aljazeera Report ) by hartson(m): 10:34pm On Aug 22, 2022
God abeg arrange a WWF RAW wrestling between Devil and Bubu when he goes down beneath the earth. he has finished this country.
Re: Nigerian Oil And The Disappearing Money ( Aljazeera Report ) by Litmus: 12:38am On Aug 23, 2022
The Coward Principal and Simpleton complex:

For instance, you have impounded a ship filled with illegally obtained Nigeria crude oil. You've detained ship crew from Asia. You have your evidence - solid material evidence at least!

Yet some Nigerians are more interested in Fictitious Nigerian insiders that presumably facilitated the foreigners theft of Nigeria crude oil assets. I use the term Fictitious since unless you provide hard evidence in the form of detained Nigeria oil theft facilitators, your accusations are effectively fiction. Are the foreigners in hand not worth more than the alligations in NNPC ?


By the way , you can as effectively deter oil stealing by handing out stiff sentences to those foreigners accepting undocumented bootleg oil as those providing the undocumented oil. Perhaps we lack the national significance in the international community to not only prosecute foreigners stealing our oil to the fullest extent of the Nigeria law but to do so in an air of public fanfare.


Nigerians continually enable trouble in Nigeria by consistently pointing fingers at one another and ignoring the external trouble fermenters or formenters, whichever is the more accurate term.
Re: Nigerian Oil And The Disappearing Money ( Aljazeera Report ) by Warmaterial(m): 1:23am On Aug 23, 2022
mrvitalis:
Nigeria makes less than 25 billion dollars a year from oil .......for a country of 150 million that's nothing ...that should be Lagos revenue

Until every Nigerian pay average of 150,000 naira in tax its impossible to develop this country
u reason like a very big mumu!!!
Re: Nigerian Oil And The Disappearing Money ( Aljazeera Report ) by babajero(m): 2:44am On Aug 23, 2022
babasolution:
this report is very malicious its purely designed to make Africa and Nigerians look bad
Are you sure you watched the video?
Re: Nigerian Oil And The Disappearing Money ( Aljazeera Report ) by Desusi: 3:43am On Aug 23, 2022
Thanos5555:
wink

simple the oil money has been under the control of mostly Northern Fulani Leaders, whose original country of origin is either CHAD, NIGER, OR SOMALIA. unfortunately they have been deceiving the HAUSAS that the money is coming NORTH, but then they use the back door to send it to thier original FULANI country.

now is ATIKU looks strong to win 2023 elections, his brother is a senator in cameroon, let that sink in.

the HAUSAS should know the southerners are silently watching them, when FULANI empty all the resources and migrate to thier countries, they will settle our score with them for being Dummies
Interesting facts!But where are you people getting these details? The truth is that the handwriting of atiku becoming the next president is clear on the wall! My people this is an eye opener.
Re: Nigerian Oil And The Disappearing Money ( Aljazeera Report ) by Fuckyoumod: 6:39am On Aug 23, 2022
babasolution:
this report is very malicious its purely designed to make Africa and Nigerians look bad
black men and corruption.

When you tell them about how bad they have performed, they will called it racism or a malicious report. It's called corruption fighting back, We know your likes.

Can you tell Nigerians one thing that is working under this administration?
Re: Nigerian Oil And The Disappearing Money ( Aljazeera Report ) by faste: 8:31am On Aug 23, 2022
mrvitalis:
Nigeria makes less than 25 billion dollars a year from oil .......for a country of 150 million that's nothing ...that should be Lagos revenue

Until every Nigerian pay average of 150,000 naira in tax its impossible to develop this country
HOW many nigerians make 150,000 monthy?
Re: Nigerian Oil And The Disappearing Money ( Aljazeera Report ) by Litmus: 8:38am On Aug 23, 2022
Those Malaysians and Indians on the oil tanker impounded in Guinea, what happened to them? Why is Nigeria not showcasing them? What makes Nigeria smarter than India for instance that parades so called Nigerians with drugs publicly and make it an international issue known by the entire world?

When you read about Nigerians caught in India with drugs plastered all over social media, do you ever consider that they may be the victims of India corruption? Do you not instinctively see the Indians as sweet innocent people being targeted by evil, corrupt Nigerians? Do you routinely think that Corrupt Indians are behind it all, demanding drugs for distribution in India and exploiting Nigerian mules? Or cooperating with South America drug lords that use Nigerians as middle men?

Why does India not privately arrest and prosecute these Nigerians and publicly hold themselves accountable and blame themselves for the drug trade in India?

Why do Nigerians never demand that Nigeria charge and prosecute arrested drug lords, terrorists, bandits, kidnappers, Oli smugglers publicly so that justice is seen to be done by as much of the public and international community as possible?

(1) (2) (3) (4) (5) (6) (7) (Reply)

Obio Oluebube Meets Peter Obi, Says I Love You / CAN Lists 40 Achievements Of President Buhari In 9 Months / Reuben Abati Arrested By EFCC

(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. 48
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.