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Nigeria’s Non-oil Income Outpaces Oil By N1.5trn In One Year - Politics (2) - Nairaland

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NBS: Nigeria’s Exports Outpace Imports, Trade Surplus Hit ₦‎3.5trn In 9 Months / Fg’s Three-month Expenditure Exceeds Revenue By N1.43tn – CBN Report / Buhari Approves N1.5trn For Construction, Rehabilitation Of Over 700km Roads (2) (3) (4)

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Re: Nigeria’s Non-oil Income Outpaces Oil By N1.5trn In One Year by ClearFlair: 6:33pm On Nov 15, 2023
Lol
Re: Nigeria’s Non-oil Income Outpaces Oil By N1.5trn In One Year by OKORONKWOBRIGHT(m): 6:33pm On Nov 15, 2023
So what are you trying to tell us

1 Like

Re: Nigeria’s Non-oil Income Outpaces Oil By N1.5trn In One Year by Apel147(m): 6:34pm On Nov 15, 2023
Shade and curse all u can, obi cannot be president 😜😜😜


quote author=Xxxxtentacion2 post=126986430]another propaganda that thoes not add anything to anybodys life...
keep playing... grin
anybody that believes a criminal can create a better future for Nigeria is just deceiving himself..[/quote]

2 Likes

Re: Nigeria’s Non-oil Income Outpaces Oil By N1.5trn In One Year by saintrow1: 6:36pm On Nov 15, 2023
How far with those people from 5 plot of land region that are always crying about their 1 drum of oil.

2 Likes

Re: Nigeria’s Non-oil Income Outpaces Oil By N1.5trn In One Year by justli: 6:38pm On Nov 15, 2023
This does not call for celebration, instead it highlights how the govt has inflicted untold hardship on the masses. Notice how all the mentioned income sources are all levies imposed on Nigerian directly or indirectly, yet people will come here to celebrate this as an achievement
Re: Nigeria’s Non-oil Income Outpaces Oil By N1.5trn In One Year by Xxxxtentacion2: 6:41pm On Nov 15, 2023
[quote author=Apel147 post=126987143] Shade and curse all u can, obi cannot be president
Re: Nigeria’s Non-oil Income Outpaces Oil By N1.5trn In One Year by Slurity(m): 7:03pm On Nov 15, 2023
BrickDevo:
Non oil income From where exactly? you mean taxes, because apart from taxes only agriculture can yeild much, but the government killed it a long time ago
Government kill what, kill agriculture? just dey play. Agriculture is fast growing than any sector in Nigeria, we in the sector understand better.
Re: Nigeria’s Non-oil Income Outpaces Oil By N1.5trn In One Year by Jetbound: 7:14pm On Nov 15, 2023
FreeStuffsNG:
“Non-oil revenues are more stable and sustainable sources than oil revenue,” Nigeria’s budget Office said in its newly published 2024-2026 Medium Term Expenditure Framework and Fiscal Strategy Paper.


This is commendable.

With oil subsidy likely to be completely off by next year, the oil revenues due to FG will go up and the non oil sector revenue may double up as govt improves aggregate output with its brilliant fiscal and monetary reforms. Check my signature for free stuffs!


Non oil revenue is higher cos oil is being stolen. Did you even read properly

1 Like

Re: Nigeria’s Non-oil Income Outpaces Oil By N1.5trn In One Year by Gentlevip: 7:17pm On Nov 15, 2023
Let's comfortably say it is Buharis doing

Though many will swell at me, for mentioning his name. Others will say no it's osibanjo...bla bla bla

Partisan nonsense.

I hail Buhari here
Re: Nigeria’s Non-oil Income Outpaces Oil By N1.5trn In One Year by cocoduck: 7:21pm On Nov 15, 2023
propaganda
Re: Nigeria’s Non-oil Income Outpaces Oil By N1.5trn In One Year by NaijaCrusader: 7:27pm On Nov 15, 2023
False

This report is either false or inaccurate. How do want me to believe that the FG share in electronic money transfer is only 17b while I alone get over 3k deducted from my account monthly on electronic money transfer from my various accounts despite the fact that I am not a big man and so only a handful of transfers monthly
Re: Nigeria’s Non-oil Income Outpaces Oil By N1.5trn In One Year by Dagrace01(m): 7:28pm On Nov 15, 2023
Good one..
But I was expecting our agricultural and manufacturing sector should take the larger share of the income instead of tax and levies.
We'll get there, GOD's willing.
Re: Nigeria’s Non-oil Income Outpaces Oil By N1.5trn In One Year by Dagrace01(m): 7:28pm On Nov 15, 2023
Dagrace01:
Good one..
But I was expecting our agricultural and manufacturing sector to take the larger share of the income instead of tax and levies.
We'll get there, GOD's willing.
Re: Nigeria’s Non-oil Income Outpaces Oil By N1.5trn In One Year by quadraheem(m): 7:44pm On Nov 15, 2023
Gradually, we shall get there.
Non oil dependence.
Let’s concentrate more on agriculture and local production.

1 Like

Re: Nigeria’s Non-oil Income Outpaces Oil By N1.5trn In One Year by MrBlock: 7:46pm On Nov 15, 2023
oluwaseyi0:
It's actually more of Nigeria not meeting their oil quota than growing the non oil

The graph clearly says non-oil revenue has increased YoY. School is not a scam after all.

Re: Nigeria’s Non-oil Income Outpaces Oil By N1.5trn In One Year by lexylaw40: 7:47pm On Nov 15, 2023
More to come...lithium and other solid minerals
Re: Nigeria’s Non-oil Income Outpaces Oil By N1.5trn In One Year by Chetas81(m): 8:46pm On Nov 15, 2023
SOCIAL MEDIA REPORT
Re: Nigeria’s Non-oil Income Outpaces Oil By N1.5trn In One Year by Artscollection: 8:46pm On Nov 15, 2023
Tax tax and tax
Re: Nigeria’s Non-oil Income Outpaces Oil By N1.5trn In One Year by PHAYOL81: 8:54pm On Nov 15, 2023
oluwaseyi0:
It's actually more of Nigeria not meeting their oil quota than growing the non oil


Read again and study the diagram. There was a pattern of growth and this time round, it is profound （talking about the non-oil data） but it's agreeable that the oil revenue index could've been （performed） better if we've been able to meet up with our required BPD output.

All in all, good thing we're diversifying.

1 Like

Re: Nigeria’s Non-oil Income Outpaces Oil By N1.5trn In One Year by longayink: 9:30pm On Nov 15, 2023
SouthSouth1914:
FG will rather die with Oil income. It is easy to steal, repatriate abroad.

Lol. It's source of cheap cash they would all rather die than lose.
Re: Nigeria’s Non-oil Income Outpaces Oil By N1.5trn In One Year by masseratti: 9:59pm On Nov 15, 2023
Xxxxtentacion2:
another propaganda that thoes not add anything to anybodys life...
keep playing... grin
anybody that believes a criminal can create a better future for Nigeria is just deceiving himself..
if you call this write up a propaganda either you didn't read it before you comment or you don't comprehend English language, this article is far freely propaganda Infact it's the opposite, this is purely dooms day fact of current and future position of Nigeria, I don't think this article is trying to praise the government of the day rather its telling us we are in trouble, more so they should start quoting in $ when they are doing yearly comparative yearly analysis of their economic statistics figure, if the value of naira was 500 last year and this year it's 1k, that means the real value of what they said we made from oil is Infact half of its real value in dollars... May God help us.. We are in real trouble.
Re: Nigeria’s Non-oil Income Outpaces Oil By N1.5trn In One Year by VeeVeeMyLuv(m): 10:01pm On Nov 15, 2023
Jetbound:



Non oil revenue is higher cos oil is being stolen. Did you even read properly
so are you saying that they can't also steal non oil revenue too?

My broad, forget....

No b naija we dey again? ...

Abeg rest.

1 Like

Re: Nigeria’s Non-oil Income Outpaces Oil By N1.5trn In One Year by ejieddy: 10:04pm On Nov 15, 2023
But oil remains the highest Forex earner. Still at Square One
Re: Nigeria’s Non-oil Income Outpaces Oil By N1.5trn In One Year by AZControversial(m): 10:08pm On Nov 15, 2023
TallPck1:
When I see such post I remember the blessings I got from my grandmother before she breathe her last breathe years ago. She put her hand on my head and said my grandson People will waste their time to read your comments
And today is that day

smiley

E.g. me..... but surely your granny didn't tell you that..
Re: Nigeria’s Non-oil Income Outpaces Oil By N1.5trn In One Year by CSTRR: 11:10pm On Nov 15, 2023
That's because Nigeria is now exporting less oil due to oil theft.

The devil is in the details.

We are not producing more non oil exports, we have only reduced our oil exports due to incompetence and failure of govt to tackle oil theft.

That's why the CBN can't get enough dollars.
That's why Nigeria is at N1300 to a dollar.

That's because our highest source of dollar revenue which is oil, has been gutted.
Re: Nigeria’s Non-oil Income Outpaces Oil By N1.5trn In One Year by Vision101(m): 11:33pm On Nov 15, 2023
Very good development. More income stability.
Re: Nigeria’s Non-oil Income Outpaces Oil By N1.5trn In One Year by Swiftgrp: 12:23am On Nov 16, 2023
FreeStuffsNG:


https://businessday.ng/business-economy/article/nigerias-non-oil-income-outpaces-oil-by-n1-5trn-in-one-year/
Re: Nigeria’s Non-oil Income Outpaces Oil By N1.5trn In One Year by seguno2: 1:24am On Nov 16, 2023
jmoore:
The navy, army are responsible for oil producing less revenue. They are the real oil bandits stealing crude oil out of Nigeria.

Was that not why Tinubu packaged General Buhari as the strongman saviour to rescue the country eight years ago, from clueless bloody civilian Jonathan and his corrupt capitalist PDP?

Did Tinubu scam us to get his own Emilokan that has quickly become Enikanlomo shege of suffering in the midst of plenty
Re: Nigeria’s Non-oil Income Outpaces Oil By N1.5trn In One Year by seguno2: 1:26am On Nov 16, 2023
Vision101:
Very good development. More income stability.

If it is not propaganda, then why is the dollar rate worsening and the CBN unable to clear its backlog of payments to foreign companies

Did you think about this before you typed your comment?
Re: Nigeria’s Non-oil Income Outpaces Oil By N1.5trn In One Year by Vision101(m): 2:11am On Nov 16, 2023
@seguno2

If it is not propaganda, then why is the dollar rate worsening and the CBN unable to clear its backlog of payments to foreign companies

Did you think about this before you typed your comment?

@me
The dollar rate is worsening because the aggregate fx inflow is still lower than outflow. Effect of the increase of non-oil revenue on dollar rate depends on the mix. If a reasonable part of it is export income then it will affect the exchange rate positively. From the analysis the bulk of it is in naira. The benefit will be less shock on the economy because of volatile international crude oil rate.

The CBN clearing the backlog is dependent on availability of fx. It's a difficult situation. Someone took things on credit enjoyed it and left. Another person comes in and is saddled with the responsibility of paying for the goods already consumed as well as find money to run his current cost.

Our minds have been so tuned to propaganda in this country. Everything is not propaganda. The statistics is from budget office. You can access the information.

1 Like

Re: Nigeria’s Non-oil Income Outpaces Oil By N1.5trn In One Year by Brushstrokes20: 3:57am On Nov 16, 2023
The useless govt of self serving THIEVES is hell bent on taxing the people dry!... undecided
Awon ole, jegudu jera gbogbo!

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