₦airaland Forum

WHIZKIDEFE:
America's presidency is in labour now. Few hours from now we shall know if it's a boy or a girl.

AnonyNymous:
OP, please learn about the difference between the gross domestic product and federal government revenue.

GDP just measures the market value of all final goods and services produced within a country in a given period of time. It includes both the public and private sector. If MTN makes profit, its part of our GDP. If Tasty Fried Chicken makes profit, its part of our GDP as well. All services rendered/goods produced in a country with a population as large as Nigeria's should easily dwarf the amount of crude oil made in comparison. That has nothing to do with the income the government makes.

Government Revenues refer to all receipts the government gets, including taxes, oil income, custom duties, revenue from state-owned enterprises, capital revenues and foreign aid.

Nigeria is Africa's largest oil exporter, and the world's 10th largest oil producer, accounting for more than 2.2 million barrels a day in 2011. Oil revenues totaled $50.3 billion in 2011 and generated 70 percent of government revenues.

http://www.resourcegovernance.org/our-work/country/nigeria

. . .and petroleum exports revenue represents over 90 per cent of total exports revenue.

OPEC|Nigeria http://www.opec.org/opec_web/en/about_us/167.htm


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GEJ had the chance to diversify the source of GOVERNMENT INCOME! But what did he do? He sat back and watched as his friends shared Nigeria's commonwealth. The global drop in oil prices was dictated by Saudi Arabia!
The Saudis are going insure that this low oil price drop lasts for quite sometime probably for several years to come. The Saudis are going to attempt to and probably bankrupt many USA shale producers and their investors. USA shale production is the threat that the Saudis are trying to contain.

The USA shale producers rely on leverage, borrowed money from the banks, seed capital from investors and moderate to high oil prices to stay solvent.

The Saudi induced price drop will last long enough to exhaust oil pricing hedges, last long enough to cause banks to tighten credit, last long enough to cause investors to seek greener pastures and last long enough to reverse the growth of USA shale oil production. The price drop will last until it gets these needed results. This will probably take 6 months to upwards of two years depending on the oil marketplace reaction. Most USA shale oil production is hedged 6 months out dropping steadily to very low levels after 1 year. As these hedges expire there is no place to hide for the higher cost USA shale oil producers who will scale back or shutdown operations.

https://www.quora.com/Why-are-oil-prices-falling-and-how-long-will-low-oil-prices-continue

Now that Nigeria's government is not making as much as it used to, there is NO MONEY to finance government projects, hence the need to borrow. Let's take a look at OBJ's government:
EXTERNAL DEBT:
Inherited: $30 billion
Cleared : $18 billion
Paid: $12 billion
Left: $3.348.22 billion -2007

So I please, stop making noise about Buhari borrowing money. If he does that and PUTS IT TO GOOD USE then we will have NO PROBLEM paying it back.

bee444:
As "big" and worshipped as the pastor is, he can't even name his daughter a biblical name. Nigerian name is also missing. Just shows you that most of these men are just mere men. Some of them are not even born again. They only have the gift to preach and persuade and appeal audience. Unbelievers do these things every day.. it's called...Motivational speaking

tonquendo4u:
You cant get 13 points when 1 team gets 11,statistically.I think 11 is wonderful

VictorRomanov:
The 11 points should be in addition to the 3 we already have. So 3 home wins and 2 away draws.

VictorRomanov:
If we have 11 points, Then the other teams can't win all their remaining matches. 11 points is equals to winning all ur home games, and getting two away draws.

jerrythafinisher:
I don't think 11 point can guarantee a world cup ticket, what if any team in group wins all their remaining matches? I think a minimum of 13 point is good to go.

blueto:
This is an international and national embarrassment, if as a budget minister you don't know the nation's debt profile, then how do you plan a budget?

No wonder the 2016 budget was botched and padded even after using the template of Jonathan's budget.

are these the kind of ministers that buhari took 6 months to find?? anyway it takes a certificateless cattle rearer, who “regularly skipped attending school” to appoint fellow bunglers with incessant and heinous gaffes!

A finance minister that could not predict when recession will end, A sports minister who believes athletes do not need training,a finance minister who thinks recession is just a word, a science and technology minister who aspires to produce pencils in two years,an information minister who wants to generate jobs via masquerade dressing, a finance minister that could not account for what 2.2trn domestic loan was used for, an interior minister who uses his security to publicly shine his shoes rather than secure the interior of his country, an agriculture minister who fights for land for cows instead of farmers, a labor minister who threatens banks with revocation of license when they retrench workers due to bad economy, a communications minister who wants us to pay 9% tax on calls, a transport minister who gives one President credit for a railway built by another President, an economic adviser who wants women to donate their jewelry to help government fight recession and a Presidential spokesman who believes critics are ‘wailers’ all led by the certificateless cattle rearer who believes #ChangeBeginsWithMe not him, though he was the one who promised it!

the other day, the ambassadorial nominees of the certificateless cattle rearer could not recite the national anthem!

Nigeria is in recession because of the ill-managements of buhari's administration. The problem is not “lack of funds” but lack of dexterous, disciplined and qualified individuals in the govt. And also those who does not want nation to progress by making plans to vote and rig in the certificateless cattle rearer in 2019 to continue thwarting the economic progress of the nation.

femi4:
What difference?
Dr Congo scored 4
Ivory coast scored 3

High bp towards the end of the match. Abeg park well

tdemo:
Make them no invite that guy again oooo.... that guy almost ruin this 3point for urs......

usbcable:
this our RB

sirconfidence1:
Iheanacho is a confirmed natural finisher.

uchetom:
:oIs a lie.My course mate in school.I know her.

tuffgongjo:
Good one but Handanovic of Inter is better.