₦airaland Forum

PhiliptheArab:
Oil ranged between 15 and 60 dollars under Obasanjos regime

We also had a bad economy then especially in the first five years. Back then, just as the buharists blame gej, obasanjo blamed decades of millitary rule and asked for patience

From 2006, things got better.

Also out forex needs were less under obasnjo than now.

Useless Pdp, Yaradua & Jonathan average price of crude from 2005 to 2016.

$50.04 $66.04
2006 $58.30
2007 $64.20
2008 $91.48
2009 $53.48
2010 $71.21
2011 $87.04
2012 $86.46
2013 $91.17
2014 $85.60
2015 $41.85
2016 $36.34

PhiliptheArab:
The economy is not as diversified as you think

We can do better.

Your apc government can do better.

It is already diversified, if each State’s capitalizes on their comparative advantage, the middle will have nothing to do, no one has stopped Delta State from exporting processed cassava, or palm oil? By law the FG has jurisdiction on items on the exclusive legislative list, which includes oil & gas, States should concentrate & grow their visionary approach on items in the concurrent list, the old cliche that it is Abuja’s fault, or restructuring is the problem can not hold water in our democrazy.

PhiliptheArab:
In farness to Emefiele, he does not control the amount of dollars entering Nigeria.

Since 2014, we have been suffering from low oil prices. Oil has been below $80 PER barrel, and is now at 40 per barrel. Meanwhile the price at which we need oil to be to earn enough for a surplus budget is $139 since 2017.

Also, the government has not dealt with corruption, refuses to fully deregulate,, and has no answer to the securty challenges in the country...which all drive away investtors.

There is only so much the CBN governor can do.

Modified

Yes, Nigeria is dependent on oil, yes, when oil falls, our economy crashes, when oil shoots up our economy rises. We were there in 1973-82, when oil rose, 1982-2003 when oil was low, and 2003-2014 when oil rose.

Blaming our current economic collapse on the collapse on the price of oil, is a direct criticism of the government's failure to diversify the economy. If you don't get that, sorry.

The economy is diversified by a default federal system already, the lazy states are too used to Military agreement of collecting free money every month from the Federal Government, & in doing so, have refused to work, although they claim we have been practicing 20 years of democrazy? Is oil & gas the only resource Nigeria has?

PhiliptheArab:
Thanks for the kindf and gracious verbage to my person. Much obliged.



Higher oil prices. Between 2009-14, oil was between $91 and 130.From 2014 april, oil started falling. And by extension, our income from oil fell, and by extension our economy.

Which is why I don't like this APC government...they claimed to be dffiversifying...but they practice the same old oil dependency.

SLS was just riding on high dollars. He wasn't that spectacular...same for Emefiele. But a CBN governor does not write economic policy...see Minister Farouk.(who you should be blasting)

if the oil price goes up today, I won't be rejoicing.



Whoever Emefiele is or not, it does not do anything for my life. I doubt anyone would recaall him in a hundered years.



NIGERIA must get off its dependency on oil. APC is doing nothing about it, and it is sad. Blame them, not some CBN governor whose hands are tied by the limited dollars flowing in.

Tell your Governor & docile people to stop running to Abuja every month to collect sustainability money from the FG, why can’t your state produce the commodity that will break our dependence on oil, instead of just wailing with no solution & blaming others as if you are not part of the problem? What comparative advantaged commodity does your state export for foreign exchange in adding value to our Foreign reserves?

WalkerMichael:
story.. soft reminder dollar -naira already retail for 485/$ saibaba

Not Ipob Emefiele?

raker300:
The fact that they had to comment on this shows it’s really a bother to them

A lie told most often doesn’t necessarily become the new truth. They must speak against fake news, before it comes the new narrative, by gullible youths.

seanfer:
This man is a shame to his lineage. He will go down as the worst Information Minister in the history of Nigeria.

Mindless Children, no wonder the President coined you lots Lazy Youths?, go and research Walter Ofanagoro of ipob legacy to identify with the worst by a far stretch the worst Minister of Disinformation in the new era Nigeria.

Kweensavvy:
Saraki nko? Anyways YDP is on the way. Youth Democratic Party with Yul Edoche as Presidential candidate and Rinu Savvy as Vice President.

Probably have Republic of Biafra in mind?

supportnija:
One thing is certain PDP will never rule Nigeria again

Never say never, may be the next President will dump APC for pdp?

AsiwajuNdigbo:
It is reflecting in the lives of bashir el rufai up in kaduna while indigenes of Eko choke under Tinubu desperation to slave for arewa.

Junk journalism, is this news, who is Yinka Odumakin?

bolaayenimo:
Coming for you. You think Odunmakin is somebody anyone can threaten like EndSARS protesters?

A lowlife bad luck, who ever he supports always ends up on the losing side, he attached himself to Buhari for years, no progress, immediately he was disengaged, Buhari became President, that is why I laugh when I hear jokers afinefere speak, toothless Yoruba puppies, no one takes them, Bode George & Opc serious. Disgruntled Tinubu haters.

nairavsdollars:
Give half of that money to my governor Okezie Ikpeazu and Abia will turn to Dubai

Another persons hard earned money?, go and be creative, think out the box, & generate your own, give Nigeria 1 trillion dollars we will be like Dubai, but it ain’t going to happen, nobody is giving Abia state another persons labor.

Smithkafors:
Very true..... Suffering and smiling people. They still want the same set of people in Lagos that couldn't make an impact to rule Nigeria.I don't think Nigerians want to progress.

What of Abia State, Mecca of The Irredeemable Peasants Of Biafra, What is the progress report?

ariketalks:
1. There is no such thing as International Institute for Investigative Journalism. For an "institute" that prides itself as "professional", even Google shows no record of its existence. Why??

2. "Francois Deburoiche" doesn't seem to exist either. For a "special rapporteur" of such a "big" institute, i find it strange that all search results about this human point only to this statement as reposted on multiple blogs. Again, why?

Same question we ask about the so called people that were allegedly shot?

Guestlander:
Why then is the truth so difficult to find in Nigeria? Can a peaceful and prosperous country ever emerge from such a society?

Never, a bad tree can never yield good fruits.

StaffofOrayan:
That's the most unintelligent thing I have ever read!
How can you destroy what you love?
Isn't it obvious nobody is a patriot in this British contraption

The glass could be either half full, or half empty, it is how you choose to view it, who said anything about anybody destroying Nigeria, it is a misconstrued imagination of your cerebellum. The rich & elite , love Nigeria, they appreciate the fact, that there is no where like home.

Guestlander:
Thank you and this is my main reason for supporting him because others are rapacious thieves. But listening to Lai Mohammed and the army spokesperson regarding this issue is sickening, too much lies, distractions and misinformation.

The more you hear, the less you see, it is a waste of time, nothing will come out of this inquiry, it is a charade, to people like Lai Mohammed & APC Lagos State, the misconstrued miscreants that were killed, are no different from the people that burnt TVC, & they are entitled to their own opinion, whether one agrees with them or not.

StaffofOrayan:
No be this country we dey?
All ur elites would soon relocate to Dubai or Southern Nigeria

What the poor don’t know is that the elite love Nigeria, & have no plans of relocating anywhere.

Guestlander:
I support PDP? You should check my history on this website and you will see that I have supported the APC even before Buhari won the first time. What I don't support is dishonesty and this is where I will part with you no matter how much I supported you in the past.

Well in all honesty, the closest you would get to a honest Nigerian President is Buhari.

Stalwert:
[s][/s]

Liar, the panel is still reviewing evidence some arsonists and treacherous people like yourself refuse to let them do without prejudicing them.

Panel appointed & paid by the Government? Let them withhold their feeding allowance next week, & see if all hell won’t be let loose? A state government panel to investigate a Federal Government institution? Jokers, waste of time, D.O.A. they have no jurisdiction, this is the job of the Public Complaints Commission.

Guestlander:
It was also oyinbo people in Nigerian army uniforms shooting at protesters abi?
Use your head.

Show us the video, I hearsay is inadmissible in court? We need to see the criminals that were shot.

Guestlander:
Your own IQ is very questionable when you consider that this whole story is not about the CNN but about Nigerians who got shot by their own army. Talk about a low IQ.

Story, Oyibo man cnn is telling you what happened in your backyard & you believe? A whole Sahara reporters hasn’t shown the dead pics yet? Same way Mungo Park came to Africa & claimed he discovered River Niger? Mumus, slave mentality will destroy you.

Guestlander:
Panel of enquiry to tell us what we already knew that the Nigerian army shot unarmed protesters at the Lekki toll gate?
Things like this can only happen in a country where there are unquestioning and docile and perhaps dishonest citizens like yourself.

Some Yoruba urchins were killed in Lagos, what is the big deal, because to the best of my knowledge nobody died in your home state, & in at least 30 other states? so why deem it a national issue?

Guestlander:
We have seen such useless organizations before. Association for better Nigeria, Youth Earnestly Yearning for Abacha etc. They are ofter paid for by the government propaganda machine.

Before we forget, pdp that you support was created to usher in General Abacha as the President of Nigeria.

Mikehot:
Fg in panick mood, they now buying foreign journalist to counter CNN since local can't do the job

Slave mentality because cnn is the only reliable news network Zombie, what of Fox News & Al Jazeera? Whose reporter has been in prison without trial for over 3 years, were is Christian Amanpoure & cnn?, were is the Uk, were is United States? free Mahmoud Hussein from General El Sisi, Useless hypocrites, yet they still finance Egypt $ 1.3 billion in Military assistance & aid every year.

Stalwert:
Sad, but Buhari did not visit there, how did that happen?

it shows stop looking for an alibi, and take the bull by the horn, either your parents, or you is responsible for you been a Failure, not the Federal Government.

Xisnin:
Well well.

Then some Ipob Zombies are hoping Britain is coming to save them? United Kingdom Of looters, we don’t want no King James Version, a rogue nation whose boat is quickly capsizing?

omenka:
This is one reason I see Buhari as disappointing. Things like this weren't expected to happen under his leadership. Expected was a prudent government that would do away with all these stupid and unproductive expenditures.

We've been crying to all corners of the earth, looking for economic succour and loans, yet the things that brought us to our knees are still been done with reckless abandon.

Those that form activists, lashing out at government policies, feigning "we are on the side of the people", will still go ahead and accept these, no one will turn his or hers down!! Yet some fools think any of these crooks in the assembly is selfless.

Such a damn shame!

Hypocrite Shut up, the Legislative arm of Government is independent of the Executive arm of Government, go and blame the useles senators you are supporting useless ostrich instead of always finding a way to bring the President’a name in, if you papa gbola to raise, you will say it is Buhari’s fault?

skinny419:
Without the north nigeria will be a great nation Aswear

Sure Almijiri because it was someone from Northern Nigeria that took your university slot, not a more qualified student from your state? Failure.

Chinemeremjosh0:
I'll be happy if they can kidnapp that thing in aso rock

On a scale of 1-100, your father has a 99.999 percent of being kidnapped first.

bigfish3k:
I don't know for how long we will continue running in circles.

Decentralize policing and lets have peace

It will never happen, are you asking for a a civil war fueled by ethnicity? Fayose would have never handed power over to Fayemi, Umuahi, would have moved with his inspector general of Police Ebonyi State to APC? Is that what you really want?

RuddyFusion:
wait till then to find out what we will do

I place by odds on Bet9ja, runaway as usual?