corona corona....the little virus that treats all fvckups.

They are only interested in caging the oil sector for themselves otherwise this could have been actualized long time ago for the able Citizens to participate. Very selfish people or slowpoke managing the economy and taking weird decisions.

stagger:
We knew it was coming.

Boost your local refining capacity...they would not.
We could have been selling refined products all over West Africa. Crude oil alone can produce up to 64 different products. Even polypropylene, the material used in making face mask filters that are now in great demand all over the world, is a by product of the refining process.

I have never seen a country filled with fools and dullards from top to bottom.

Los Angeles experienced rapid development from the discovery of oil now It the city with the third Highest Gdp In the world right behind New York and Tokyo. Dubai also had some little oil deposits which they knew would b depleted soon so dey developed Dubai to be diversified from oil .The point is dat upon the discovery of oil these cities grew rapidly but since the discovery Of oil in 1956 the Niger delta area has not experienced any development what so ever because most of the money had been diverted away due to corruption and other reasons,why must our case b different wit all the money coming from the region the government could not see any reason to develope the area which shows the poor level of governorship we hav in dis country, our leaders only care about looting public funds for their pockets thats why most Nigerians are keen of leaving the country

Izigha:
I hope it does not get to that. But what is the contingency plan in any that the government will embark on if petrol dollars stop.

I pray it gets to that!
It MUST happen by God's grace.
Injustice in Nigeria is just too much.

Nigerians will suffer..Nigeria that depends on oil..well yo be honest only a few will suffer cos we ate used to surviving without the government.

Petrol,kerosese that poor people use to power source of electricity, stoves and diesrlf for bigger engines would cost more..

Nigeria has never supported or helped its citizen yet tax us to the teeth..

Have you gained anything fro. The sale of Nigeria crude oil since you were born

Opportunity comes with every challenge. We are Nigeria, we will make the best out of it!

Oil, oil, oil. please know that the oil in question does not benefit the majority of Nigerians.

funshint:
I pity Dangote and his refinery.

Have it at the back of your mind, refinery is different from exploration and production oil company.

Refinery can never be at a loss.

Izigha:


Pity? Dangote is not a producer of oil. If he can store he will be buying now at rock bottom prices. If the refinery come online to coincide with the economy rebound post corona virus he will make a killing.
Then conspiracy theories will say he was among the people that engineer the virus

But he secured a oil block from Shell. But he won't be affected much because he probably isn't producing oil now.

na fishing be the next

stagger:
We knew it was coming.

Boost your local refining capacity...they would not.
We could have been selling refined products all over West Africa. Crude oil alone can produce up to 64 different products. Even polypropylene, the material used in making face mask filters that are now in great demand all over the world, is a by product of the refining process.

I have never seen a country filled with fools and dullards from top to bottom.

Don't rule out international conspiracy to keep Nigeria underdeveloped.

[quote author=BEEFIE post=88769999]

which country do you want to export agric produce to Europe and America are self sufficient in food.

so tell me how you want to earn from it[/quote if we are not able to export it, then we become self-sufficient in agricultural products that's going to save us lots of money and create jobs

Corporate2020:
Oil is going down to $0. The end is coming to the problems of Nigeria. Oil is what the devil sent to ruin Nigeria. Once Oil sales end, Nigeria will be forced back to Agriculture and Solid Minerals.

Then we shall see whether Farmers will toil the Soil, plant Crops, nurture the Crops, then Harvest it, sell the Harvests and go and give the money to useless government and politicians to share and loot.

Very soon, nobody will contest for any elective posts again when there is no money to share and loot.

Oil is already below zero, it is negative now

tspun:
That's is their business not the masses, 80% of Nigeria are not benefiting from the oil, so if they like they should stop

Sad, but true.

Good one. Las Las, jumbo pay for lawmakers go reduce

We need to go back to the stone which our builders have rejected. Agriculture!

Racoon:
No please continue.Guess Nigerian leaders refused to divert to non-oil economy for long? The oil must become useless then it will then be to your tents all man.

You are wrong.
How did it benefits you when it was $120;$80;$60-40.now$10 ?
• How many infrastructural developments did your State or Area got?
•What sacrificed did your leaders Governor s-State,National Assembly Members made; for instance,reduction of Salary and Allowances benefits to make rooms for Millions of Youth who are unemployed?
•Dubai was once a desert,yet they employed the best brain all over the world,tap their intellectuals,made a great city where your leaders from Nigeria and other parts of the world go to waste out hard-earned dollars.
The unborn generations may not forgive our leaders,if at 21st Century Nigerians can't boast of 24/7 light that is a sine-quan-none for major Industrial development.Too shameful and unpatriotic elements.

helinues:
The one they have been producing and earning from, of what use was it to ordinary masses?

Exactly,the rich men will have shortage. Not me . I don't give a flying fart! Common 5,000k Dem nor share. Let the price drop

Please dear God, get rid of Nigeria's oil, so that she can regain her sanity and grow as other nations do!

well there a glimpse of hope since this is affecting not just Nigeria but all opec states the price will renbound when this covid19 is over.

Why should ordinary nigerians worry about this news? they have never benefited from oil productions anyway.

tspun:
That's is their business not the masses, 80% of Nigeria are not benefiting from the oil, so if they like they should stop

always rember that though 80% of Nigerian do not share directly from the crude oil money,but whatever business we run in the country is fiscally based on crude money, this is good omen for any one.

What will the masses depend on if they stop production, they are joking.

mechanics:
What will the masses depend on if they stop production, they are joking.

less than 5 percent of the economy is oil, the remaining over 95 percent is what the masses depend on.

lawani:
less than 5 percent of the economy is oil, the remaining over 95 percent is what the masses depend on.

They said they will stop production, I meant what are we going to use for our generators and vehicles?

This is good news, ..........I hope the oil price reduces to $4 per barrel IJN........

When the oil price was high what good did the old trifling nig gov do with it

mechanics:
They said they will stop production, I meant what are we going to use for our generators and vehicles?

we sell crude oil but import refined products like pms and diesel. We are waiting for dangote refinery to reverse that.

lawani:
we sell crude oil but import refined products like pms and diesel. We are waiting for dangote refinery to reverse that.

okay

Open Nigeria economy, vehicles on the road, and productivity leads to demand of fuel.

lawani:
we sell crude oil but import refined products like pms and diesel. We are waiting for dangote refinery to reverse that.

NNPC refines finished pms and diesel.

You seem more sound than the GMD of NNPC

NwaNimo1:
Production that should have been reduced months ago when Saudi and Russia started fighting....

Dullards...