₦airaland Forum

RuggedBiafran:
It's a generational thing.

Awolowo did it
Sultan of Sokoto did it
BUHARI reinstated it
TINUBU Amplified it.


All their major supporters of the above named people are YORUBA and primitive Northerners.

So don't be surprised....

All hands should be on deck to push for dissolution of the unworkable UNION.

Cheers

Ttalk:
One thing that is synonymous with Igbo is their emotion.
You can tap into customers emotion to sell your market but you can't tap on it where logic is required.

If you think Biafra will bring development to Igboland then my Rott is probably rational.

What wizardary does an average igbo politician has to exhibit in Biafraland that he can't perform now in Igboland.

The latest infrastructural development you can find today is light rail and is present only in SW just like our father built the first TV station, Cocoa house and first stadium.

In governance and administration, your region ranked below others

elijah101:
What is ur problem … una go just dey find loopholes to spoil person business

RuggedBiafran:
Of course alot of Countries are doing excellently well.

It's disgusting when these TINUBU or APC supporters speak. They actually expose the high illiteracy rate prevalent in NIGERIA.

How can you actually sing BUHARIs praises and also support TINUBU ,but your money and economy is in shambles.?

Sincerely speaking NIGERIA needs to divide ASAP..

How can people share a country with failures that depend on BIGOTRY, Palliatives, falsehood?

Omo this country is truly a zoo

Ttalk:
Be objective for once.

Nigerians now have access to financial market all over the world just be sitting by your computer.
A lot of fund enters into the economy that are not backed by production. This also add to reckless spending of the government

helinues:
The unrest across the globe, what do you think is the cause?

FBIBOT:
since when does kidnappers leave smartphones with their victims and asking them to tweet.... if Nigeria was probably structured... the ip will just be tracked that's all

calabaman:
Hope this is not another skit?

As why would a kidnapper leave your phone with you.

If it's not....I pray help comes your way.

Ttalk:
Let's be honest inflation is partly caused by the government on one part and by the citizens on the other part.

One of the shortcomings of ICT Is how it enhances the acquisition of intangible wealth without productive backup.
Elon Musk is probably diverting gullible Nigerian attention away from this simple truth

helinues:
Yes all countries are in recession but not yet officially declared

The money which the government have been pumping into any economy, 70% always end up with the rich people during Coronavirus lockdown, this same bullionaires made Trillions in fortune while majority of the in the world were battling with the pandemic economic crisis

helinues:
And how about the 2 years locked down due to Pandemic?

How about the capitalist system that always bring recession every decade?

The recession came early this time, it's normally supposed to be around 2028

Bolz11:
Sponsored Post

oneMalik:
Not only the leaders , the citizens are bad people therefore we voted for few among the 200m wicked people ......then , here we are today .

A dog remains a dog irrespective of the name given to it.

Nigerians are not patriotic people simple .

Ikaeniyan0:
When will you election losers move on from the presidential election defeat?

seunmsg:
You are getting it wrong. Read the attached screenshot again, especially the colored part. We won’t pay the total pledge amount of crude oil in as much as price is above $65. The goal is to repay the principal and interest quickly and not to take out all the pledge crude oil. If price remains higher than the contract price of $65, we are going to repay fully before 5 years and we don’t have to give them all the pledge crude oil.

seunmsg:
Read the last screenshot, you will see the price of the Afrexim loan. 90k is the pledge barrel daily for 5 years at $65 pb. Crude is around $75 for sometime now so we are doing very well. If price remains over $70, we will pay back the loan and interest before getting to the total pledge crude amount.

seunmsg:
Everything is in the link I provided. Read buddy, read.

seunmsg:
Stop behaving like an illiterate. That is a fucking pledge. The $12b calculation was done by The Cable at the market price when they published the story and it is not written anywhere in the contract agreement. What is in the contract is a pledge of $90k bpd for five years and not $12b. The Cable simply calculated $90x365x5 to arrive at over 164million bpd and then times it by the market price. That is there own calculation based only on the crude oil that will satisfy the lower market price that the contract was negotiated on which is different from the actual.

Once the $3b principal and 11% annual interest is repaid the loan ends. Everything is dependent on the market price.

Read the story from vanguard for better understanding and stop wasting my time.

https://www.vanguardngr.com/2024/01/understanding-project-gazelle-3-3-bn-crude-loan-from-afrexim-is-short-mid-term-solution-to-fx-shortage/amp/

seunmsg:
If you still can’t understand after my explanation, I can’t help you any further. There is no where in the contract where $12b was written.

In the details seen by TheCable, Nigeria pledged a total of 164.25 million barrels of crude oil — at 90,000 barrels per day — starting from 2024 to repay the loan through Project Gazelle Funding Ltd, an “orphan” special purpose vehicle (SPV) incorporated in Bahamas for the PxF.

Effectively, the NNPC has pledged 38.58 percent of five years’ worth of tax and royalty oil to secure the loan.

Nigeria pledges over $12 billion worth of oil
At the beginning of 2024, a barrel of Nigerian oil was sold at the international market at $77.93 per barrel, according to the Central Bank of Nigeria (CBN) data.

At $77.93 per barrel, the 164.25 million barrels of oil pledged by Nigeria equals $12.8 billion — about three times more than the facility taken.

seunmsg:
That’s a very serious misunderstanding/ misinterpretation of the agreement. It’s a pledge and not the actual. It’s just like a budget which is an estate.

The loan has an interest rate of 11.8% and 90k bpd for 5 years was pledged. In agreement like that, the price is always negotiated at a far lower rate because of the volatility of the price. However, payment are done and calculated in actual price and repayment can be far less than 5 years in as much as price remain above the contract price.

We are not going to give AFREXIM bank 90k bpd of crude oil for 5 years guaranteed at the contract price or far less than that if price is above the contract price. It is just a pledge at a very low price. Once the principal and the annual interest rate of 11.8% is fully repaid, the loan ends. Oil price has been steady above $70 Pb this year so there is nothing to worry about. We are not going to pay more than $5b to fully liquidate the loan.

seunmsg:
As par the part in bold, I don’t know. Please bring up evidence to support your claim. Where did you get the $10b from?

seunmsg:
$7b debt the aviation industry and foreign banks for our unpaid Letters of Credit has been cleared. Foreign reserve has moved from less than $30b to $37billion. We are very close to macro economic stability.

LegendHero:
This one na story telling. All governors of the 36 states and the people within those states are corrupt.

Infact all Nigerians are corrupt. Even the mumu doing the video is corrupt too.

Jayhome24:
Honestly how I wish Tinubu can tear this useless NNPC to pieces, remove all head of FIRS across the nation, tear down NNPC marketers shit, those three sectors need total shut down and remove all those useless demons.

seunmsg:
He promised student loan, it’s now a reality.
He promised consumer credit, it’s now a reality.
He promised to remove subsidy, it was done on day one.
He promised to stop the multiple exchange rates regime and the corruption in the system, he did just that.
He promised to increase oil production. Today, we have moved from 900k to 1.5million bpd.

richiemcgold:
🤔
Now 15 months of uncertainties, we don't even know where we're heading. The economy has not improved in any way; rather failing. Security, agriculture/food production have not experienced any significant improvement. These are basic things average Nigerians would've appreciated.

LagosPrince:
Why is tinubu frustrating dangote oil refinary

Abi dangote no settle ?

donbrowser:
Ok

LegendHero:
The best time to sack Mele Kyari is now!!!

The next best time to sack him is the end of this month.

donbrowser:
Where's the appointee with 4 houses?