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Nairaland Forum / Nairaland / General / Politics / Nigeria Loses As Russia-Ukraine War Escalates Global Oil Prices (31348 Views)
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Re: Nigeria Loses As Russia-Ukraine War Escalates Global Oil Prices by seunny4lif(m): 1:14pm On Feb 27, 2022 |
I’m so bad that Nigeria can’t even produce her own oil. We have the biggest economy in Africa and yet can’t build at least 10 refineries. Libya controlled her own oil and gas during Gadaffi and sold it to Europeans |
Re: Nigeria Loses As Russia-Ukraine War Escalates Global Oil Prices by ogaontop(m): 1:16pm On Feb 27, 2022 |
Esseite:You're informed bro This question beckons for answer and explanations (If they have any) 1 Like 1 Share |
Re: Nigeria Loses As Russia-Ukraine War Escalates Global Oil Prices by bpalace(m): 1:16pm On Feb 27, 2022 |
Macphenson:You dey mind that ignorant old ignoramus selling dead meat... Lying up and down |
Re: Nigeria Loses As Russia-Ukraine War Escalates Global Oil Prices by Deltavariant(m): 1:17pm On Feb 27, 2022 |
blackpanda:Very true but some Nigerians get first class for the aforementioned vices even the devil no dey advice them. |
Re: Nigeria Loses As Russia-Ukraine War Escalates Global Oil Prices by Druss(m): 1:18pm On Feb 27, 2022 |
Wrong. Nigeria wins. We should be able to defend the naira better and this is now the time to execute key projects to take advantage of the oil. |
Re: Nigeria Loses As Russia-Ukraine War Escalates Global Oil Prices by ChybuzzDD(m): 1:18pm On Feb 27, 2022 |
Christistruth00: Did you care to read and understand the write-up before commenting? |
Re: Nigeria Loses As Russia-Ukraine War Escalates Global Oil Prices by Nobody: 1:19pm On Feb 27, 2022 |
Frigga13: Honestly, the journalism is pure nonsense. Now that oil prices have surged, why can't they transform the economy? So oil price is no longer a determinant of our economy right? Lol APC is a criminal party. |
Re: Nigeria Loses As Russia-Ukraine War Escalates Global Oil Prices by Nobody: 1:20pm On Feb 27, 2022 |
Nigeria government has come to tell us how they intend to sale our oil and loot the money. |
Re: Nigeria Loses As Russia-Ukraine War Escalates Global Oil Prices by poiZon: 1:21pm On Feb 27, 2022 |
basty:You that is a deep thinker, i can see ur deep thought comment. Fools every$here |
Re: Nigeria Loses As Russia-Ukraine War Escalates Global Oil Prices by wilzindinero: 1:22pm On Feb 27, 2022 |
Is there any meaningful explanation as to why a country like Nigeria cannot refine it's oil? some ppl will point accusing fingers to the white man's interference. "we the blacks are our own problems and not the white" the white man never stopped us from building refineries, they never stopped us from using and maintaining the few refineries we have, they never stopped us from doing away with the scam called subsidy. the day the black race will look inward and acknowledge that He is his own problem is the day he will encounter true change |
Re: Nigeria Loses As Russia-Ukraine War Escalates Global Oil Prices by ChybuzzDD(m): 1:22pm On Feb 27, 2022 |
Druss: When you don't refine, you're at the situation like someone in South Africa, for instance. If the price of crude oil increases, the price of the refined one will also increase. Then, for Nigeria, you'll also pay additional money for subsidy With these, Nigeria doesn't win when price increases. |
Re: Nigeria Loses As Russia-Ukraine War Escalates Global Oil Prices by poiZon: 1:24pm On Feb 27, 2022 |
blackpanda:U did not comprehend any bit of it... |
Re: Nigeria Loses As Russia-Ukraine War Escalates Global Oil Prices by poiZon: 1:26pm On Feb 27, 2022 |
BluntTheApostle:Which local refinery, can u be specific? |
Re: Nigeria Loses As Russia-Ukraine War Escalates Global Oil Prices by poiZon: 1:29pm On Feb 27, 2022 |
blackpanda:Did buhari not jump queues and evade taxes as well? If so, why did u queue behind him to lead Nigeria? So u now know all Nigerians including u and ur messiah r all hypocrites n corrupt. Abeg getat... |
Re: Nigeria Loses As Russia-Ukraine War Escalates Global Oil Prices by ransomed: 1:32pm On Feb 27, 2022 |
Subsidy kills the generations of people trading our present and future like oil market. Amen. |
Re: Nigeria Loses As Russia-Ukraine War Escalates Global Oil Prices by Druss(m): 1:38pm On Feb 27, 2022 |
ChybuzzDD: It is a win and lose situation for Nigeria. It is up for us to manage it to be one or the other. Factor in cost of subsidies and imports vs increase in profit from crude oil. |
Re: Nigeria Loses As Russia-Ukraine War Escalates Global Oil Prices by BluntTheApostle(m): 1:40pm On Feb 27, 2022 |
poiZon: The Waltersmith refinery located in Imo State is one. |
Re: Nigeria Loses As Russia-Ukraine War Escalates Global Oil Prices by Reference(m): 1:41pm On Feb 27, 2022 |
Macphenson: Hahaha.... indeed. We did say by the end of the regime, everyone will be completely demystified. Every single excuse has been stripped from the government and governing party. Every single campaign rhetoric has come full circle to stare them in the face. |
Re: Nigeria Loses As Russia-Ukraine War Escalates Global Oil Prices by MARKone(m): 1:41pm On Feb 27, 2022 |
Christistruth00: I guess you didn't read the article to fully grasp the pathetic state of the country, all OPEC countries refine their own crude, except Nigeria who import refined petroleum products, because the politicians choose to keep the 4 refineries dead. The higher the crude oil price, the more subsidy this hopeless government and previous ones pays, so in essence, there might be little or no profit that will filter (sic) down to Nigerians. |
Re: Nigeria Loses As Russia-Ukraine War Escalates Global Oil Prices by COMPAQ(m): 1:41pm On Feb 27, 2022 |
Heffalump: Because on the flip side you refuse fuel subsidy removal!!! And please no one should come at me with Saudi and UAE etc subsidies fuel. Check the populations f those countries and check Nigerias. Check the smuggling out in those countries and check Nigeria, check corruption in those countries and check Nigeria. 1 Like |
Re: Nigeria Loses As Russia-Ukraine War Escalates Global Oil Prices by YoungBlackRico(m): 1:42pm On Feb 27, 2022 |
Lol this country is cursed! |
Re: Nigeria Loses As Russia-Ukraine War Escalates Global Oil Prices by poiZon: 1:50pm On Feb 27, 2022 |
BluntTheApostle:Own by who? Nnpc or fed govt of Nigeria? |
Re: Nigeria Loses As Russia-Ukraine War Escalates Global Oil Prices by TheOgaBoss: 1:54pm On Feb 27, 2022 |
affable4:Was this not always the excuse of buhari apologists that things were better because crude prices was higher under goodluck, now they have suddenly turned the narrative around. |
Re: Nigeria Loses As Russia-Ukraine War Escalates Global Oil Prices by TheGift: 1:56pm On Feb 27, 2022 |
BeeBeeOoh: For those Nigerians in Nigeria who were cheering Putin on, like the invasion will not affect them, I hope you can see now that in a globalized world, Russia and Ukraine are not so far away. 1 Like |
Re: Nigeria Loses As Russia-Ukraine War Escalates Global Oil Prices by BluntTheApostle(m): 1:57pm On Feb 27, 2022 |
poiZon: The Nigerian Government has a 30% stake in it through the Nigerian Content Development and Monitoring Board. It is a joint venture between Waltersmith and the Nigerian Government. |
Re: Nigeria Loses As Russia-Ukraine War Escalates Global Oil Prices by poiZon: 1:59pm On Feb 27, 2022 |
BluntTheApostle:How much is the 30percent stake worth? Because they gave approval, that amounts to 30percent stake... Thats4how they have 30percent stake in ibom deepsea port, till today we never see their own contribution. |
Re: Nigeria Loses As Russia-Ukraine War Escalates Global Oil Prices by blackpanda: 2:02pm On Feb 27, 2022 |
poiZon: Including u. U are a hypocrite too |
Re: Nigeria Loses As Russia-Ukraine War Escalates Global Oil Prices by dumodust(m): 2:02pm On Feb 27, 2022 |
gbagyiza:So higher prices will also balance out the higher costs of refined fuel with surplus not the other way around. Our own is that we have been in this country long enough and too old to be sold another narrative. Everything including the economy have always gotten better with higher oil prices, this sounds like news planted by the same old looters to account to deficits. |
Re: Nigeria Loses As Russia-Ukraine War Escalates Global Oil Prices by BluntTheApostle(m): 2:03pm On Feb 27, 2022 |
poiZon: At least, Buhari is creating enabling environments. Which one was completed under Obasanjo or GEJ, despite talks of modular refineries since 2008? |
Re: Nigeria Loses As Russia-Ukraine War Escalates Global Oil Prices by Macphenson: 2:08pm On Feb 27, 2022 |
gbagyiza: Yeah I know, I.am a player in the industry so I u derstand perfectly well even without reading the article. I just wanted the APC e rats to understand their foolishness. They were making noise that Jonathan sold oil at $100/ barrell and had nothing to show for it. Unfortunately, in their folly, they did not know that the higher the oil prices,the more burden for Nigeria because of subsidy. |
Re: Nigeria Loses As Russia-Ukraine War Escalates Global Oil Prices by poiZon: 2:08pm On Feb 27, 2022 |
BluntTheApostle:Do u know the meaning of enabling environment, or u just saw it on NTA24? If u knew, u wouldn't be mentioning it alongside buhari. |
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