₦airaland Forum

sammyj:
Even other candidates knew how madam shepopotemus and the care taker governor Wike stole the mandate of the Rivers people. Wike should prove his popularity in the rerun! !!

AbuEzeFemi:
Nigeria has remain one forever in Peace

fineguy11:
Saudi needs to cut output,they will only do so of other major non -opec producers like i.e russia deceides to cut supply too...Saudi arabia has just $645 billion dollars as cash reserves..their budget deficit for 2015 waw in excess of 20%!!IMF haw predicted that saudi arabia could go bankrupt in 5/6 years,if oil price remains low.http://www.independent.co.uk/news/world/middle-east/saudi-arabia-could-be-bankrupt-within-five-years-imf-predicts-a6706821.ht .http://www.telegraph.co.uk/finance/oilprices/11768136/Saudi-Arabia-may-go-broke-before-the-US-oil-industry-buckles.html.saudi and russia are the biggest players in the oil business.saudi has overbearing influence on OPEC,she can force members to cut supply,russia too can cut supply,which wld spike price to around 50/60dollars per barrel..

TechRev:
Or pray for war/millitants bombing in Nigerdelta.

maasoap:
You think violence, killings, maiming, displacement and destruction in the Middle East is not yet enough? Why not pray for war between Russia and USA? That one will create more than enough effect as far crude oil price is concerned.

angels09:
Yes I want Niger Delta to be free though am not from there

Aigbofa:
Irrational sentiment is the only reason why any sane man would defend an opaque administration that engaged in monumental looting of the treasury.

Where do you even start? From Stella Oduah to Dasuki, from taking raw cash in a private jet to South Africa.
Defending all of this makes you a " useful idiot" true.

angels09:
I want to see crude oil go below $10 per barrel for at least ten years....

Aigbofa:
You are effectively making yourself a useful idiot by defending the same people who are determined to condemn you to a life of servitude.

Aigbofa:
Magicbishop, the campaign is over. It is time to roll up your sleeves and do your own bit rather than sulk over what you can't bring back.
Abi you worked for Dasuki ni?

Aigbofa:
How come the Soviet Union collapsed and the liberal elites in the west have not been able to achieve what the KGB intended?
Closer to home, the "Immoral people of weak principles" are non other than the kleptomaniac politicians and the "useful idiots" who cheer them on.

MagicBishop:
I am not going to mention the already failed 2016 budget. To me that on its own is another testament of Buhari's total lack of understanding of basic economics.

What however, I will like to discuss is to point out - from a comparative analysis- how the last administration through govt deregulation and market liberalisation was able to significantly improve the economy while less than a year afterwards under Buhari's regimented and controlled market economy, Nigeria is heading for a recession.

The Buhari administration is embarking on a controlled economy where Aso Rock virtually dictates the tone.

In this light, you can't expect investors to troop in. The stock market disaster is related directly to Aso Rock's directive to restrict cash reparations of foreign investors. The harbinger of an impending loss in confidence by foreign investors was the blacklisting of Nigeria by JP Morgan in the int'l bond market.

The black listing of certain categories of imported finished products and/or industrial inputs by this administration has led to many existing businesses collapsing and also closed the doors to any likely investor.

The straw that broke the camel's back has to be the strict forex guidelines in place which make it cumbersome and difficult to access much needed forex.

As things stand now, there is no clear policy as the govt can wake up tomorrow and announce another negative and misplaced policy.

The only way now to get confidence as an investor is to negotiate directly with Aso Rock to meet favorable terms of doing business.

We saw this with different western business executives accompanying their respective diplomatic envoys to negotiate directly with Buhari before they invest and so far none has shown any real commitment to.

It thus so happens, that instead of financial and trade institutions of govt rolling out sound consistent policies as in the past, we have a situation where we have one man appropriating all responsibilities and discretions to himself and guided only by a select few inner cabinet members.

This has automatically rendered all institutions of govt ineffective and has vested much power in the hands of the president and members of his cabal.

The existence of this cabal has also made Buhari's policies not borne out of any real positive motive to stabilise and improve the economy but prone to lobbying and outright bribing.

No sound business man or company will want to subject their investments to the whimps and caprices of a cabal at the expense of sound govt regulatory bodies and a sound fiscal policy.

This to me is why we should not expect any sincere investor to walk in but only to expect unsavoury and exploitative business men and investors.

My 2 kobo and if you must disagree with me let's do it outside partisan sentiments.

HammerEvery:
MagicBishop, do you still have that elrufia hate-speech screenshot that he has been battling to clear off from the internet?

Scholes007:
sorry for the typo, i am using auto spell.

russia as we all know has been in cold war with the west, and oil & gas supply have been their major leverage against the west. Joining opec will mean expanding this leverage to west. Considering the west influence on some member states like saudi arabia, there will be a great fault line within the opec that will not be of any desirable effect especially now.

EEZe:
population is our problem dear

Scholes007:
that way i said it would be good on opec. It will likely expose opec to serious vulnerablity on the longrun.

Scholes007:
thats a very valid point but wooing russia into opec especially now is not feasible. Why? Because western countries view it as a threat and that wouldn't be a good thing.

jpphilips:
Kachikwu is just a step closer to price stability, OPEC has less than 40% supply, the meeting should focus on encouraging members to invite more Ally producers into OPEC (countries like Russia and Mexico should be given priority due to their significant production), once OPEC controls about 60% of world oil output, production cut will not affect market shares significantly.