₦airaland Forum

shizzy7:
Good development.

Nobody should buy the oil again and the global price should continue decreasing. Its currently $28 continue going down...

kingkendrick:
Brotha Gabriel, back then in RCCG

Omeny:
No think am Boss!

Even if the prices of Oil in the international market falls as low as $2pb, those Oil fields will never be shot-down! Due to many reasons!

asadike:
nje oti ri pe kosi egbe omo oduduwa ni bi?

Keystonn:
werey

Kitipa sewaa nne gi Onu

Daniel058:
nke ahu gbasara gi

Adaowerri111:
Like play this boy go blow now now, just watch out

IamTheophilus:
Every death we've heard of was a hit Back to Back,from hit and run to suicide to bomb blast... Iyalaya driver yen, God ti take over..teaching hospitals plz if you want the dead body come and take it,don't leave it for lawma oh.

wachakuta:
If 1 person per state should do dis, we will ve 37 Nigerians support d anti-corruption crussade!

Now Imagine of a Thousand people per state stand up and join dis, how many Nigerians r we going to ve??

400billionman:
How many people are feeding with what they studied in school ?

So if he is an Engr and assuming thats a contract bank marketing job, he shouldnt take it ?

Kikero112:
1.Job losses brought about by the fall in oil prices....ie government agencies no longer have much money to spend, meaning things like contracts would be restricted....means that the average worker who patronises the danfo driver and tomato seller and mechanic would have less money to spend....meaning things become tighter for them

2.Fall in oil prices means that government's pocket becomes leaner. And that means state govt pockets become leaner, meaning the worker's pocket both in public and private companies (I work in the private sector and have seen a fall in my salary)....meaning Danfo driver, tomatoe seller etc become poorer...because people ain't spending money.

3.Lack of forex means that there would be difficulty importing items...because no forex.(And forex is dropping, because the CBN, in order to prevent the naira from being devalued....which you Nigerians do not like....is hoarding dollars.). For mechanic....difficulty in getting good spare parts since .....you guessed it....most spares are imported. And prices go up too....driving people away from the mechanic....except when necessary. Mechanic income falls. Also, as most loads in the park are imported, fall in imports means less goods to carry at the park....agbero loses money too.

4.As the subsidy goes, prices may rise up.(Caveat....it may not rise by much because the oil price has fallen too....but YMMV on that).Transport fares go up....meaning that less people patronise motor park....less kudi for danfo and agbero.It also affects the cost of the tomato seller's transporting the tomato from rural areas....as transport price rises up....leading her to either raise prices of the tomato she sells....or sell at a loss.

5.People are going to save more....good news for the banks,bad news for danfo,mechanic, tomato seller,etc....less disposable income= less income for them.