₦airaland Forum

So what does 1.2m bpd do to a nation of over a hundred million souls.At the height of militancy in 2007/8 Nigeria recorded 700k barrels per day.The fact remains even at a very high price we didn't get full earnings and when the numbers go up the fuel subsidies and it's inherent fraud swallowed it up.The same thing will happen again if prices hit $100 except we remove this subsidy or the dubious name of under recovery they call it now.A real vicious cycle.This Govt isn't doing any magic but borrowing heavily to fund infrastructures. The fear is if the future cashflows to pay off dwindle,we will be in a mess as we are getting heavily indebted to the Chinese Shylocks.

anjigirl:
You are just decieving yourself because there is no single day Nigeria did not lift at worst $1.2 million barrels of oil since 1999 beside Nigerians Bonny Light was sold between 95$-125$ for complete 4 years not 5 days at you wrote up there.The records are there

Too harsh.

UrbanExotica:
or you can't afford one

Big fat lie,the middle class rose again and I recall there was massive influx of cars(tokunbo) and towns started growing again as civil servants and teachers got a lot of money paid them in arrears.There was even a yoruba coinage for that period dedicated to Obasanjo

theoldpretender:
Our forex needs were less.in 1999 than they were in 2019.


Plus Obasanjo's first term was hard. Remember how they used to tell us back then that it takes time to fix the damage the Army has done

That price $125 you quoted was just for about 5days during Yardua's time after it was the catastrophic economic meltdown.That showed it was artificial and insider trading related and even at thatNigeria was unable to fulfil its order due to high level of militancy in ND.You guys should stop throwing figures up and down,I am most disappointed every time PYO throws those numbers up.

anjigirl:
We have the best and most expensive crude oil in the world in BONNY LIGHT, it went up to 125$ during those period when other types were around 105$. No one is throwing insult here I was just trying to fact check Atiku

Where are the figures from 1999-2004,let compare and contrast with 2015-2019 so we can understand the context Atiku was speaking here.

2fine2fast:
Source: https://www.statista.com/statistics/262858/change-in-opec-crude-oil-prices-since-1960/

No need for argument.
PDP continue.

LoL,doing more with less right.They haven't told you they have mortgaged your future and destiny with loans that a crash in oil earnings will make it difficult to pay back.This time around you are dealing with Chinese lender who will seize national assets like they have done in Zambia and Mozambique to offset.They are not Paris club gentlemen
at all.

Kagawa10:
Lol. Oko iya Reno Omokri.




Canada is a developed country yet is suffering from this sweeping recession but you expect a developing country as Nigeria whose economy is oil dependent especially at a time oil is selling at a low $50 rate, not to be in recession?

If the stupid Jonathan hadn't looted us dry at a time oil was selling at $110 rate, if he had saved more as well as constructed major infrastructures, we wouldn't be suffering at this time oil is selling at $50 rate. Better still, if the klepto hadn't also looted our foreign reserve from $48b to $26b, we wouldn't be in the mess we're in.

Despite earning 60% less than the previous regime, this admnistration has come up with several social, agricultural and infrastructural projects. Look at Lagos-Ibadan road and other roads being constructed, our new railway lines, new rice mills, cheap fertilizer production, Npower social schemes, tradermoni etc yet you expect us to vote in a useless party that destroyed our economy again?

Atiku, neva again.

Lol.So there is direct road from Jebba to Offa? Interesting !!!

MrAJQ:
Glory be to God, my life and that of my family has been better under Buhari.

Thank God, my community now enjoy 20hours electricity a day.

Thank God the road leading to my hometown (Jebba-Offa) has be rehabilitated.

Thank Goodness, no more bomb blast in my adopted state (Kaduna) no more fear of going out.

By the special grace of God, I, my family and friends shall vote Buhari and all APC candidates .uninterruptedly.

There is a limit to deception.This no house in Abuja does not wash anymore.Buhari in his partial assets declaration form in 2015 declared that he has a house in abuja.This house has been discovered to be a mini estate.[quote author= post=74966516]Read what Prof. Tam David West had to say about Gen. Buhari, unbelievable.

Buhari is one of the cleanest men I have ever met in my life. If anybody wants me to dislike Buhari, such person should give me an example of his corruption. I will run away from him totally. But right now, there is no evidence. On the contrary, the more they attack him on this issue of corruption, the more they are making him honourable.

I will give two examples:
¤One, Babangida thought Buhari was making a lot of money on counter trading, so he set up two independent bodies to investigate counter trading.

[¤ One of the bodies was headed by J.K. Randle, while the second was headed by Prof. Aboyade of blessed memory. None of them found anything against Buhari. None. I attested before the two bodies.

*Great Aboyade commission was digging into Buhari’s counter trading, J.K. Randle, who’s still alive, did the same thing.
But both of them produced reports that showed that counter trading was so clean and was making so much money for Nigeria.

*Then two, soon after Obasanjo was sworn in, there was a social function for him in Lagos or so, then surprisingly, some people tried to praise Buhari, Obasanjo said: ‘don’t praise him, I have not probed him.’ It was after that incident that Obasanjo set up Dr. Haroun’s probe panel of the Petroleum Trust Fund (PTF).
¤ Haroun probed PTF inside out. Buhari was discovered to be as clean as snow.

You know, why he agreed to be the head of PTF was not to condone what Abacha was doing then, but he saw it as a way of serving the country and he did well. I have the record.

Harouna came out and said PTF account was audited every year while Federal Government account was not audited in 36 years.

You know Babangida detained Buhari for 40 months after he overthrew him.
*Buhari’s mother died while he was in detention and as a Muslim, I expected Babangida to rise above politics and allow Buhari to go bury his mother. If he was released, I am sure he wouldn’t have run away.
¤ Buhari was not allowed to go bury his mother. But in the night after the woman was buried, Babangida released Buhari.

*His son died, the same thing happened.
*Anyway, after Buhari came out of detention, he told Babangida to tell the world about his corruption. The records are there.
*The same thing happened with the PTF. He told Obasanjo to publish the report of the panel, but Obasanjo could not publish it because it was a certificate of honour for Buhari. If that Haroun’s report had any page in it that indicted Buhari, Obasanjo would have used that to disqualify Buhari from contesting against him.
*Buhari is clean. He is not corrupt.

*To show how Buhari loves Nigeria, he doesn’t like spending Nigerian money frivolously. When Shehu Shagari’s NPN government was overthrown, as Buhari was assigned to head the Military government of 1983, he never changed any chair or curtain in Dodan Barracks. Buhari used what Shagari was using until his government was also overthrown by IBB and co.

*As minister, our total pocket money under Buhari was N200 per month. You could spend less than N200 without accounting for it, but anything above N200, you must account for it.
*When he increased the money to N250, we clapped for him at the executive council.

*Now, as a former governor of the defunct north-eastern state, former minister of petroleum, former head of state, former executive chairman of PTF, Buhari has no house in Abuja.
*If he goes to Abuja, he stays in a private hotel. He has no house either uphill or downhill, apart from his house in Kaduna.

Sane Nigerians, We Need BUHARI by 2019.
PROFESSOR TAM DAVID WEST, Former Nigeria's Petroleum Minister.[/quote]

A very bias one.Meanwhile he is not a US citizen, he holds just the green card and having a green card does not confer citizenship automatically.

Fahrenz:
is this a MOD?

So you agree now that Tinubu's wife is a thief.

ipobarecriminals:
nice one for the thief.Ole gbe,ole gba

I am sure you are not an accountable person too.If not you will not be on 90% of threads on nairaland,dont you do other things with your time?.If somebody like you get to leadership position I can bet your hands will be dipped into the till as well.[quote author= post=74844201]DAMN IT!
Calculators can't convert this to Naira!
And for all these years they raped our nation blindly.
They shared the billions among themselves.
All corrupt and evil politicians will never go scot free.
They will all end painfully in this life and the life to come.

217,000,000,000,000,000,000,000,000,0000[/quote]

How can a rooster(cock,male chicken) be on heat?

Cownu:

What is this one saying?
Why are all these wailers so restless like a cock on heat
Lmfao

Quite shocking to I hear came down to abuja to " pledge my loyalty" .It is so annoying the way things are in this part of the world.So they cant congratulate their boss over the phone.

Bukolaberry:
Lobbyist

What an auto response,you must practically be living on nairaland. FYI I dont have any links to PDP and I am bonafide omo Yoruba so that IPOB crap wont cut it.Grow up dimwit.

omoowo8888:
I'm allergic to wailers......oya swerve.....your banana is waiting for you

Did you parents own a sawmill in the 50s and 60s? if you know what it takes to own one then and the value chain around it then you will agree
they were wealthy folks.Also for the mother to be Iyalode of Ijebus the richest of all yoruba tribes then you know she was of a great means.Mike Adenuga is also a first cousin of the present Awujale which means he has a noble background.I do not doubt your own affluence as you stated here,that is left for reality check but because you made a statement based on assumption,I had to check it and put it in proper perspective.So dont catch feelings bro.
FYI poverty is far from me in response to another faulty assumption.

Yankee101:
I don't know if you know the meaning of 'rich. It's different from comfortable.

I live in the US. I schooled in the US. I own businesses. Compared to 1billion dollars I definitely won't say I'm rich.
But by your sawmill and school abroad standards
I'm more than rich. If you want to talk about born rich, talk of Dangote. Do your calculations before you call people ignorant.

Maybe what is covering your eyes is 'pooverty' as Oyedepo pronounces extreme lack.

Bereft of a good response,the next resort is insult.Buzz off you plonker.

omoowo8888:
Mumu of the highest order......You were probably in K.G when left secondary school

So he is no longer a kiler.I am certain if Atiku defects back to APC today,he will no longer be Atiku. Fickle minds stand on nothing.

seunmsg:
He actually sustained PDP till last year when he left the party due to the support that was given to Adeleke by the national leadership of the party. With his defection to APC, it is game over for the opposition in the state. No party can defeat the combination of APC and Omisore's political machinery in Osun state.

You are ignorant dude.Mike Adenuga was born with a silver spoon.His parents especially the mother were wealthy and affluent by the standard of the 50s and 60s.They owned the biggest sawmill in Ibadan and they could afford to send him to school abroad.

Yankee101:
Adenuga is one of those guys to call and get angry because they say he is not as rich as he should be. Some people are rich but because they suffered too much while growing up the mentality of poverty never left them. Enter Adenuga.

Buhari happened to Dangote. Everyone wants him gone but don't want to say it openly because they need to protect their business interests.

That's why when Buhari added him to his campaign he protested sharp sharp. No carry your bad luck finish me be association.

Little boy,he was a PDP senator from 2003-2007 you dont even need google to get that.It shows that you were a toddler then or have poor memory.

omoowo8888:
You can see your life outside.....I said show me a proof of Buhari as a looter, you typed names of governors....are they Buhari?


Amosun was never in PDP, Tambuwal, Ortom and Ahmed are PDP governors

I cant believe what I just read "Privatise all Federal paratastal and agencies" This is astonishing because you have been calling Atiku names because he plans to sell off the opaque NNPC if he wins.How do u guy sleep with these double speak and standards I see you churn out everyday.[quote author= post=74582894]HOW THE COUNTRY CAN PAY MINIMUM WAGE COMFORTABLY..........


1. Abolish SECURITY VOTE in NIGERIA. Nigeria will pay N45,000 minimum wage comfortably.

2. a) Abolish CONSTITUENCY PROJECT FUNDS
b) Reduce number of ADVISERS to SENATE PRES(2), HOUSE SPEAKER(2), GOVs(4), PRESIDENT(5), VP(2)
c) Reduce current ALL Political Office Holders PAY CHEQUES by 51.5%, without exception
d) Do away with special remuneration to POLITICAL ADVISERS & PUBLIC SERVANTS e.g; Purchase of Private Vehicles, Houses, granting Govt paid Vacations, paying for 1st & Business Class Transportations, etc, etc...
e) Abolish payment of OVERSEAS MEDICAL BILLS for Political Office Holders.
f) Eliminate PRIVATE PRACTICE in public workforce
g) Eliminate participation of Public Workforce in Partisan Politics.
h) Institute EMPLOYMENT BY MERIT, and eliminate UNDEREMPLOYMENT.
i) Review and eliminate allocation of Govt paid POLITICAL AIDES & SUPPORT STAFF to Political Office Holders.

With (1) + (2) Nigeria would pay a minimum wage of N65,000 comfortably

3. Move Nigeria MORE to Private Sector Driven Economy
a) Privatise ALL of Federal Govt PARASTATALS & reduce Federal Direct Funded AGENCIES to 68% of the present.
b) Privatise ALL of STATE Govt PARASTATALS & reduce State Direct Funded AGENCIES to 19% of the present.
c) Reduce current DIRECT LABOUR JOB participation by 49%
d) Encourage more Working Hours until Nigerian economic stabilizes
e) Discourage UNIONISM in Public Workforce

With (1) + (2) + (3), Nigeria would pay a minimum wage of N101,500 comfortably.


4) Institute DEATH PENALTY to proven THEFT OF PUBLIC FUNDS no matter how little, and LIFE Jail Sentences for COLLABORATORS.

With (1) + (2) + (3) & (4), Nigeria would pay a minimum wage of N203,500 comfortably.

GOD BLESS NIGERIA
END OF DISCUSSION![/quote]

Always get your facts right,most of you APC lackeys are always short of that.That man is Nwobodo not Iwuanyanwu .

Okoyeeebos:
Mention one single SE Governor supporting Obi.
Mention a single SE politician who has donated to Atiku.
Mention a single SE politician who has promised to deliver to Atiku.

Atiku banked on Igbos to support him. The only support you could give him is insulting Yorubas and insulting Akwa ibomites because Buhari went to Akwa Ibom.

Atiku needed a venue in the SE to launch his campaign, none of you shameless traitors could offer him a venue. He had to leave Nigeria out of frustration.

Obi has refused to add a kobo to the campaign, he's lying that his accounts are frozen and his unproductive children can't buy cars.

Atiku put his trust on the SE but that region has roundly betrayed him.

Quit fibbing.You almost over saturated us with pictures of this project and the rocket speed at which it is being completed.A phantom train ride to no destination with Debola Williams wearing all white native dress on a earth moving site was also showcased.quote author=AutoReportNG post=74460504]Like we earlier predicted, Feburary is not possible to get this project running[/quote]

You are surprised,cant you see the wardrobe as well.I am sure there is a bed close by

Yameater:
Tissue paper in an office ?

You are a guy,thats what she told you or the impression she created.She might have side hustle as well.The salaries they pay in those companies especially Spar can only get you by and cant really support her family back home.

dharamanil:
No wonder daddy freeze hates these so called pastor, He never mentioned princess worked for DSTV or she also worked at spar park n shop at manager level. Princess and I worked together, she can club fine, but she doesn't smoke, her closest friend is a guy called JT and she never stayed in any ghetto at ikota........ I knew where she lived. I remember when she brought him to one of our end of the year party in 2017..... Man of God my foot... liers

You are smart man.Lol@coming from vigil at 4.40am hmmmm

tmcleo2k2:
koko be say u sha carry olosho for Quilox area around 4.40am on the said day

Are we sure*winks*

sinaj:
Ive even stopped wearing pants to avoid stories that touch

You are rigging your future of course,very shallow mind.So when another party wins in the future and the table turns against you,will u be happy with rigging?Yet you guys want the country to flourish when you accept that two wrongs can make a right.

Peacemaker5128:
Rig anything rigable
This is welcome development
If PDP can rig election in 1999,2003,2007,2011 there is nothing bad if APC rig 2019
The scoreline is just 4-1

The hypocrisy of you guys irks me to the marrows.APC hired Dave Axelrod then,so what stops PDP from hiring their lobbyist/adviser as well.I am yet to hear from you guys on the Bachelors of Business Admin Degree in Accounting man scam.It was fun slating Ademola Adeleke as dancing senator with no degree then.

Okoyeeebos:
APC hired David Axelrod to advise on its campaigns and not to curry favours.

Axelrod's was part of the change campaign of Obama and the experience was replicated here in Nigeria.

PDP on the other hand used Cambridge Analytica last election, that firm was later caught engaging in criminal acts. Now, PDP is using these firms.

PDP tries to copy APC but they end up displaying their incompetence and criminality.

There is a difference between political strategy firm and lobbying firm. It's like most of you Atikulooters are ignorant.

Look at your crew,hungry looking men that their fate obviously is tied to the crumbs that will fall from the table of your fossil President's aspiration.Pathetic.

Corrinthians:
Chai!!

Heart attack for Osus.

They thought bringing that Islamization twist to the sign would dissuade people from using it. Their plans totally backfired as their constantly talking about it only increased its popularity.

I guess Aisha's whose feet they were kissing yesterday for saying a cabal runs the govenment will now be come their arch enemy.

Let me help our beautiful Baby Aisha islamize the thread.