₦airaland Forum

teamchocolate:
He insulted my teacher and senior colleague first..

In most countries that you speak, they don't have minister of health, what they have is a SURGEON-GENERAL who is always a doctor..forget the propaganda of one army surgeon nurse who is surgeon general in the US, I have had this argument countless times..
The Surgeon general is ALWAYS A DOCTOR. (M.D)

IsraeliAIRFORCE:
If Buhari achieves the stabilization of oil price with price pegged inbetween $70 to $80 per barrel for 2016 to 2019 then he will have the liberty to do without IMF and World bank while having enough money and foreign reserve to continue the tranfomation agenda and this time with minimal financial corruption and embezzlement in the system.

How old are you?

giantstrides:
Very true, I also don't understand why everyone keeps using the dollar as the world's oil currency, let them move to other currencies, or the USA will keep emerging the winner .

ncolumella:
For more information on cooking gas refilling plant, please visit/click: www.nairaland.com/2807449/turn-small-land-very-profitable

stilljigga:
Opec refused to cut down supply which increases oil prices is because of the presence of US shale oil. US is pushing the shale oil. Traditionally, what OPEC does is to cut down supply to allow prices to go up. However, the threat is that cutting down oil supply will make us shale oil to boom because crude oil prices will go up which will eventually lead to the demand of Us cheap shale oil and then lead to high demand for shale oil. Saudi Arabia and Opec's plan is to kick US shale oil out of the market or make the demand for shale oil low as it used to be. when the prices is low for both us shale oil and crude oil, demand for OPEC'S Crude oil will be higher and will eventually phase out us shale oil. In addition, Sanctions against Iran has been lifted and they will eventually enter the world market making excess supply of crude oil and cheaper prices. The ultimate goal of opec is to phase out us shale oil. How ? when OPEC'S crude oil are in excess, the demand for shale oil will drop and demand for crude oil will increase......etc

GeoOla25:
Hmmmn.... Wondering why I studied geology at this holocenic time.., when oil has finally turned into water...economy crashing so bad ....in Don jazzy voice.... Northerners if you want the oil come take am o.
Sobs.

GeoOla25:
Hmmmn.... Wondering why I studied geology at this holocenic time.., when oil has finally turned into water...economy crashing so bad ....in Don jazzy voice.... Northerners if you want the oil come take am o.
Sobs.

bakynes:
But the North Sea which is btw the UK(Scotland) and Norway is not under OPEC so they sell their oil below OPEC price.

scachy:
Nevertheless, campaign promises are non negotiable.
Our politicians always have reasons to deny us our basic needs. Many developed countries had never tested oil and yet they are excelling everyday.
Diversify and get the economy in good shape. We have many alternatives to boost our economy if our politicians are being sincere to us. They all want easy oil money that's y they r lamenting.
Get to work!!
Call me a wailer but I know what am saying

bezimo:
If OPEC members can corporate and reduce production by 40% or say 35% or a little less, supply would reduce and the oil price would go up, but no member wants to lose its market share.So the situation continues.
Or alternatively if there is crisis in the middle east, the oil prices could bounce back but what would trigger the crisis?

OPEC requires a significant control of world's oil output for a cut back to be effective, for now, their 40% control isn't significant enough hence any cut will sacrifice their market share, not in OPEC's interest yet to cut back production.
it's a two prong approach while your sinister way of cutting production may be considered by some desperate countries, it is imperative to know that higher industrial activities will trigger an increased demand, hence an improved price.

Are you by any chance related to Lucifer?

Bevista:
Meaning that, if oil price averages $30 in 2016, Nigeria will earn a profit of around $5pb instead of the expected $13pb (based on budget benchmark of $38).
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This will reduce crude oil revenue from ~880bn to ~N400bn. The low oil price will also have contagion effect on other forms of Tax revenue. Basically, $30 oil price might knock off ~N700bn - ~1tn revenue from the 2016 budget. The worst impact will be felt by state governments who depend largely on FAAC with little or no IGR. Lagos state will, surely, be the most resilient of all states, while the likes of Osun and Ekiti will, practically, declare bankruptcy.
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Lower oil prices will benefit the Saudis the most since their average production cost is around $12. They can comfortably ride oil price to $20, driving other players out of the market and increasing their market share before prices rise again.

Kposkila:
God pls save this free falling of oil price like u saved chelsea from free fall into relegation!

inlandtaipan:
Onitsha is not the most populated in the east, aba is the most populated followed by Enugu. Correct your blunder.

How educated are you that forgot that Shagari inherited an empty treasury from OBJ and did not blame OBJ

How educated are you that also forgot that Amaechi's governors forum kicked against saving.

"The governors described the action of the government as executive lawlessness and impunity. They claimed that the proposed disbursement of $1 billion by the federal government, her minister of finance and other officers would create a state of fait accompli and helplessness, if not stopped immediately".

How educated are you that refuse saying the truth that as at May 29 GEJ left behind the sum of US$29billion in Foreign Reserve and $2billion in

please the period of victory honey moon is over. let the government go to work and stop blaming

ckmayoca:
How many Aböki get house before? Why IDPS alone when there are motherless homes also. Na just to favour the northerners alone. Na chickens dey claimed has bad chemical dem wan give them chop? Abi na the tin tomatoes they called bad? Funny country.

Shortyy:
These idiots are only concerned about stolen money while the country itself is already in shambles. Fighting corruption while they are the head of corruption

Ariani:
Lol!
And Buhari votes were not marred with error?

Slice it and dice it any how you want, fact, stat, figures and numbers show that PDP had won all presidential elections in SE from from 1999 to 2015, if you never castigated and demonized them for voting PDP all those years, why then are you hawks out to demonize them now, what changed?
It doesn't make sense to you and your cohorts why the Igbos should vote an OBJ that was corrupt and incompetent, and yet did nothing for the SE, but you never complained nor demonized Ndiigbo for doing so then, there was never this nationwide cry to crucify the Igbos for voting a corrupt and incompetent OBJ coming from the SW and North.

The PDP presidential candidates from 1999- 2015 were all corrupt and incompetent, the only thing that changed in 2011 and 2015 was the fact that the PDP presidential candidate wasn't from the SW or the North, and this is where the problem lies for you( SW and Northerners) lots

I don't give a rat about what you think or feel, but I call it as I see it, and I am puting to you that you are a hypocrite.

Molebs:
@ jpphilips...you decided to insult everyone that had come to this thread to comment.
Dropping your opinion alone shouldn't hurt.. you can give it a try.. it works.
I learnt from your post though.

eddy4naija:
I weep 4 dis contry becos if our past leaders had diversified d economy, we will not b in this mess today. we never had a real leader only bunch of unfocus and directionless rulers who only come 2 enrich demself at d expense of d people. I worked with d fed min of solid minerals b4 i left, and we had over 30 diferent solid minerals discovered nationwide in comercial quantities but alowed 2 waste away whereas most countries in world can only boast of one or 2 sm and are doing better dan us.may God save dis country

Biafrarep:
Oil producing states must demand for total resource control. Why should Kano or Borno depend on oil money from Delta or Rivers when they can grow groundnut or cotton or even hides & skin for export?? This useless contraption will continue to go in circles because of laziness, selfishness, envy & myopia of the North. If the FG will not repel the land use act & vest control of resources to states then millitants must ensure that not a single barrel leaves our shores! Why cant Enugu mine & export coal found within D state or Kogi do same with iron ore or Oyo with cocoa or Ebonyi with Lead & Zinc or Plateau with Tin & Columbite etc. Why are D so called leaders bereft of sense? Come to think of it, Buhari still budgeted billions for oil exploration in D Chad basin! Everyday they keep yapping about diversification & local content yet D same Buhari budgeted more money for information ministry than agriculture, he still budgeted billions for importation of BMW cars instead of using local plandts. Hypocritical !diat.