Angelfrost:


Well, those kleptomaniacs can rejoice now... They have finally cleaned out the nation.

They have just doomed the future of generations yet unborn!!! Pity!!!

chaloskyx:
now let me tell you over the years Europe have only used Africa for 1.its resources and 2. for its market A major reason why a country like Nigeria cannot produce electricity which would lead to industries and in turn jobs is because once that happens we would be come self independent our currency would become stronger and compete with Europe as we would be major exporters. as such the west has always been in control of the Nigerian government and would always make sure people who occupy that position are incompetent and under their control. thats why we always get bad leaders who draw the country back.

Now here is the juicy part how come since all these years we have never fixed our refineries how come one man is doing what a country can do 10x over instead our government has just been wasting our money on turn around maintenance without any result the answer is simple. apparently we have always remained colonised under the west who have always made sure nothing works and our continual dependence on them also the only reason they allowed Dangote to launch his refinery is because they dont have any further use for oil as most companies are going electric. as such they are more lenient on their control of such resource since its lost its value as we can see from current global trends.

SocialJustice:
Have you been to Estonia, do you know Dubai makes more money from transit passengers than Nigeria does from oil? India sells more software than we do from oil. California state has an economy bigger than that of Africa and produces more oil than Nigeria. That one state has silicon Valley the tech capital of the world in San Francisco, it also has movie capital of the world in Hollywood.

Nigeria that is a bastard useless country cursed with an evil population and wicked leaders. We will all receive sense by force from what is coming.

Should this lockdown extend to May ending, salaries of virtually everyone will stop. Companies will lay off staff. Things will get really bad but while other nations recover fast, Nigeria will be waiting for price of oil to go up.

Yankee101:
I pity Buhari

If he was clueless, he is now castrated

SocialJustice:
Have you been to Estonia, do you know Dubai makes more money from transit passengers than Nigeria does from oil? India sells more software than we do from oil. California state has an economy bigger than that of Africa and produces more oil than Nigeria. That one state has silicon Valley the tech capital of the world in San Francisco, it also has movie capital of the world in Hollywood.

Nigeria that is a bastard useless country cursed with an evil population and wicked leaders. We will all receive sense by force from what is coming.

Should this lockdown extend to May ending, salaries of virtually everyone will stop. Companies will lay off staff. Things will get really bad but while other nations recover fast, Nigeria will be waiting for price of oil to go up.

Corporate2020:
Haaaa!!!

All these our oyel people will soon start hawking crude oil in Lagos holdups

Lostz:


buhari has already set-up a committee head by osibade.
the committee will make our cattle fatter than that of the west

dafemnet:
Price of Oil will bounce back in no time.

miltonchux:

Oga you can't do without oil, if they don't use it as energy to power the Car, there are lubricating part that needs lubricant an greese. Our abundant Gas is also needed to Generate electricity. So leave all those electrical car story

Racoon:
This will have terrible economic implications on the oil-dependent Nigerian economy.Meanwhile will the govt of "subsidy under-recovery" implement a further reduction in oil price since it's this abysmally low in the global market?

Osidazz19:


Retarded brainwashed ipob Biafuro monkey on the prowl.
Better go and drink some more of Namdiot coward Cownu's urine.

TheAlchemist:


We simply have to go back to Genesis! Mechanised agriculture, fish far6and large scale cattle rearing. We must have industry ready to process the inputs from these sectors into semi or full processed goods for local consumption and export. The light issue must urgently be solved.. All state should be given absolute rights to generate, transmit and distribute power. All ports must be linked by rail network

Corporate2020:
Shit is about to go down

fulaniHERDSman:

Sweet & Bitter News.

Nigeria on the Cross ... It is almost finished!!

Zombies be like "if only Jonathan saved...."
When E remain months make their dulllard clock same time Jonathan spent in that good for nothing Rock.

haywire07:
It's hightime Nigeria stopped international sales of oil in full capacity.
Let us channel ample amount of the oil to a reservoir and save up for a better day.
Cut deals with some African countries and use their reservoirs if ours is filled

When we save enough, the Government should declare our refineries ''out of service".
Luckily, Dangote refinery is near completion.

After this Covid -19 pandemic, we begin to sell from our reservoirs for the main time, while the refineries will be under renovation.

And also very importantly is the need to diversify.

Prudency045:


To buttress your point, why will Dangote be building a 650,000 bpd refinery when Crude Oil will be useless as being speculated in some quarters.

For your information, marginal field operators in the country are also embracing the concept of modular refinery.

Definitely, other forms of energy will come. But the question remains, how soon?

Pending when the above question will be answered, Crude Oil isn't worthless yet.

stanisbaratheon:
Oil prices have dropped yet our government keeps selling petrol at exorbitant price.

Why??

Because we are gullible people. We can't face this government squarely.

discusant:


You are the fraudulent one because without crude oyel in the Nigerdelta washing your brain, you would have asked for dissolution of one Nigeria long ago. Your friends up north adopted unconstitutional sharia criminal codes in 12 northern states, it was like declaring a quasi new country in the north, but still clutch to one Nigeria because of crude oyel. Shorrruuuup.

haywire07:
It's hightime Nigeria stopped international sales of oil in full capacity.
Let us channel ample amount of the oil to a reservoir and save up for a better day.
Cut deals with some African countries and use their reservoirs if ours is filled

When we save enough, the Government should declare our refineries ''out of service".
Luckily, Dangote refinery is near completion.

After this Covid -19 pandemic, we begin to sell from our reservoirs for the main time, while the refineries will be under renovation.

And also very importantly is the need to diversify.

haywire07:


America is the highest producer of Oil but why do they keep importing from Iran and Nigeria?

haywire07:
It's hightime Nigeria stopped international sales of oil in full capacity.
Let us channel ample amount of the oil to a reservoir and save up for a better day.
Cut deals with some African countries and use their reservoirs if ours is filled

When we save enough, the Government should declare our refineries ''out of service".
Luckily, Dangote refinery is near completion.

After this Covid -19 pandemic, we begin to sell from our reservoirs for the main time, while the refineries will be under renovation.

And also very importantly is the need to diversify.

captainamiedi1:


How will the govt survive especially when our economy depends on oil and not tax. And you know both present and past leaders didnt save a dine. Nigerians prefer to pay tithes than tax and expect the govt to feed them. This is the worse time to be the president of Nigeria.

Xisnin:

Very soon can mean a century.

Solar and winds are pipe dreams used to cajole people that are not familiar with the industry.
The only real alternative to oil is nuclear which the "green" environmentalist hate.
People will eventually see through the parasitic subsidy being used to prop up the failing industry
and call for accountability.

Oil price will definitely go up.
The majority of the world's power still depends on oil.

Rahyberg:
Bad market for all Oil Producing countries, especially, The GIANT of AFRICA

Kriss216:
That's good.

peeps4u:


The problem of Nigeria is largely corruption and waste of public funds, not about tax. Lagos is a tax state, what is there to show for it?

haywire07:


America is the highest producer of Oil but why do they keep importing from Iran and Nigeria?

Prudency045:


To buttress your point, why will Dangote be building a 650,000 bpd refinery when Crude Oil will be useless as being speculated in some quarters.

For your information, marginal field operators in the country are also embracing the concept of modular refinery.

Definitely, other forms of energy will come. But the question remains, how soon?

Pending when the above question will be answered, Crude Oil isn't worthless yet.

haywire07:
It's hightime Nigeria stopped international sales of oil in full capacity.
Let us channel ample amount of the oil to a reservoir and save up for a better day.
Cut deals with some African countries and use their reservoirs if ours is filled

When we save enough, the Government should declare our refineries ''out of service".
Luckily, Dangote refinery is near completion.

After this Covid -19 pandemic, we begin to sell from our reservoirs for the main time, while the refineries will be under renovation.

And also very importantly is the need to diversify.

salford1:

I believe there is a technology shift going on.
Almost all European counties have set a date to ban petrol and diesel fired cars. Norway has a set date of 2025..

For vehicles, battery powered cars seems to be gaining rapid momentum as can be seen by Mercedes, ford, hyundai, VW etc all getting on board. I live in a city of 16,000 people and several charging stations have been installed.

For power stations in Europe, before 2020, they will all likely be on green energy.
In North America, natural gas seems to be the alternative now pending when green energies eventually picks up. Very few power companies (maybe 1 or 2) in North America are still romancing the idea of nuclear, but this has not really being going down well with the public. Infact, several European countries are phasing out nuclear power. Lots of nuclear power plant decommissioning jobs in Europe.

I work for a power company outside the country and all our coal plants are getting shut by latest 2030. The replacement are the currently operating hydro, wind and geothermal. Natural gas plant and more wind farms are being built as I type this comment.

Airline and plastic manufacturers might be the only people that would be relying on petrol or diesel, and who knows what fuel cells are being researched for airplanes too.

peeps4u:


The problem of Nigeria is largely corruption and waste of public funds, not about tax. Lagos is a tax state, what is there to show for it?