wtf

What did I benefit from it when we didn’t lose? E better make we dey lose dey go sef. Mtcheeeeeew!

If all the OPEC members Nigeria is the only one importing all our refine fuel.


Since 1999, we don't have any govt at all

Oil prices up up up
Gas prices upper up
Yet
Buhari wants to borrow 8 trillion to fund 2022 budget
Banks are restricting dollars that can be used abroad due to lack of dollars
Cbn wants to pay 65 naira for every dollar repatriated

If Dem still remove the subsidy now . We no go see the better thing wey Dem go use the money do
Na Thief Dem go still thief am .

Heffalump:
Rallying oil prices should be a blessing in disguise to oil producing countries of the world, but it's a haram or a curse in our fatherland, Nigeria.
What an irony!

I'm telling you. In Nigeria even if price of oil is $1000 in the international market, it will still not reduce the price in Nigeria. At 0usd in the international market, it will still not reduce here.

Can they leverage on it and stop borrowing too finance budget deficit

It's now above 100 dollar peer barrel and they are still complaining. It's no longer oil was above 100 during pdp regime. Now it's cry for subsidy, the same subsidy pdp paid for and yet petrol wasn't upto 150 a liter. Apc should ask pdp how they did it simple.

seriously

Christistruth00:
80% of the Oil Prce increases Profits will filter through to Nigerians because even unrefined Crude, Oil has escalated in price so that Nigeria finally has the money to build new refineries without making many excuses


Natural gas price has escalated too

The natural gas price increment is a miss for Nigeria cos NLNG gas sales are based on long-term contracts ( price is locked) but any surplus may be sold on the 'spot market' sha!

The Buhari administration is making Jonathan look like a superhero. Under Buhari, when the oil price goes up it's bad when it comes down, it's still bad.
Now we can see the true picture of things.

If there’s one thing this current administration has succeeded in doing, it is to totally confuse itself while trying to confuse the nation. Whether oil prices bloom or gloom, in Nigeria it only portends doom for the average Joe! Right now, the whole country is just waiting for the nightmare to finally leave office with his bloodthirsty kinsmen nothing else. Whether oil prices fall or rise, their excuses just like our suffering remains the same!

BeeBeeOoh:


https://dailytrust.com/nigeria-loses-as-russia-ukraine-war-escalates-global-oil-prices

Even if oil prices hit $1000 to a barrel, our administrators will siphon everything and the country will have nothing to show for it. Oil is a curse to Nigeria. I am not begging anyone to agree to opinion.

Macphenson:
ok

, Oil price is now above $100.
Tell Buhari to perform wonders now.

U didn't read at all

paduzman:
But shouldn't oil prices going high be a blessing to Nigeria

It would have been a blessing if our refineries were working. Here we export crude oil then pay to import same oil , but in a refined way.
Which means we will be paying more to import.

Deltavariant:
Even if oil prices hit $1000 to a barrel, our administrators will siphon everything and the country will have nothing to show for it. Oil is a curse to Nigeria. I am not begging anyone to agree to opinion.

Yea but if given the chance, u s f go still chop.

ebufa:




The natural gas price increment is a miss for Nigeria cos NLNG gas sales are based on long-term contracts ( price is locked) but any surplus may be sold on the 'spot market' sha!

The gas market is not a miss at all. The Asian market is very LNG hungry. Europe is searching for new gas alternatives and even the energy market in Nigeria could be transformed. Gas has by far more potential than oil.
Our proven gas reserve is worth over 10 trillion dollars today.

Immediately this guys step into power we don enter one chance I swear

Frigga13:


All those Tinubu economic team yapping nonsense since 2015 on how Pdp met oil at 100+ and Apc bla’s..
They’ve all gone Hiding.. Oil is 100+ presently.. meanwhile Buhari is still borrowing.. to pay subsidy.

Apc is scam .. very mighty scam..
they don’t even want Nigerians to be informed on this.

See major looting in government.. very corrupt party.

They can't come because heave deliberately zombified there genes to be pathological liars and dumbs.

Oil is $100 now let Buhari showcase his intellectual capacity if their is one at all and turn Nigeria to Tokyo now.

blackpanda:


Yea but if given the chance, u s f go still chop.

Haba Bros, you no test me but you dey pass judgement upon,anyways thanks for the unwarranted compliment.

Macphenson:
ok

, Oil price is now above $100.
Tell Buhari to perform wonders now.

At least, Buhari is investing in local refineries.

Something successive governments refused to do.

If we had functional refineries, this would have certainly been a gain.

Macphenson:
ok

, Oil price is now above $100.
Tell Buhari to perform wonders now.

Read the news with keen interest you will understand according to the write up that the higher the crude oil price, it means higher payment of subsidy because we depend on importation of the refine products. This is the result of being stupid to the extend of destroying our own refineries, and now import the refine products after exporting the crude oil. This country don finish Kpatakpata.

Our price go down, Buhari go complain, it goes up, he still complains. Before, the excuse was the price of oil went down and it was up during the GEJ regime. Now that it's up, another complain? GEJ paid subsidy as well and you spearheaded against the removal of subsidy. You absolutely have no excuse

lilyheaven:

It would have been a blessing if our refineries were working. Here we export crude oil then pay to import same oil , but in a refined way.
Which means we will be paying more to import.

na wa o

Deltavariant:
Haba Bros, you no test me but you dey pass judgement upon,anyways thanks for the unwarranted compliment.

Not just u bros. All Nigerians are hypocrites. We only complain when corruption no favour us. But observe our daily lives, we are all inherently corrupt and selfish. That's what is killing this country. Nigerians will seize the slightest opportunity for selfish gains. Everybody wan jump queues, beat traffick, evade taxes, bypass nepa connection, u name it.

basty:
People above me are dullards.

They are shallow commentators.

What's your argument against theirs?

I was waiting for this news actually....I said it a few weeks or days ago.

Macphenson:
ok

, Oil price is now above $100.
Tell Buhari to perform wonders now.

That fool will be nowhere to found now.

Oil price low.... Nigeria loses. Oil prices high... Nigeria loses...