Gajagojo:


Much needed forex? Please explain why forex is much needed . Needed for what ?
To buy what they make with our gas?
We spend nearly 3 billion USD importing plastics
Is that rational? Guess what our biggest imports are ? Petrol
How much exactly. Do you project we can earn

Please explain why the Naira cannot belong to that class of phenomena known as. FOREX
Please explain why if we have more than enough gas MOST Nigerians dont cook with gas

Do you know how many years of gas we have or you just have the nebulous notion of "more than enough"

you are out of your intellectual depth here

You operate by assumption not thinking

My thing is simple

Let us satisfy our own need first
We should use our gas to make those things they make in Germany that we import
Paper,glass,industrial chemicals,metals
To that extent we must recognise they are strategic competitors not allies
They do not transfer knowledge because They are smart
We should see gas as a strategic commodity not something to be exchanged for so called FOREX

Which you do not understand is their only has value because they are productive and our Naira will never have meaning if we are not courageous enough to sell whatever we sell in Naira
We do not need forex
That is an illusion
What we need is industrialisation

Stoplying:
Algeria has gas, so why would Algeria allow Nigeria to compete with it on its own land ?
This project looks stupid, who would even build the pipelines ? China ? Why would China do that? The pipelines are built to sideline Russia which is China's biggest ally.

Stoplying:
Who the fvck is Esau ?

Kewtt:

More mumbojumbo

SmartPolician:
Why is it sad news?

Who is Woye?

We really need to make a lot of USD from gas sales to stabilise the volatile naira.

Gajagojo:

Our people perish for want of knowledge

Does every Nigerian have access to gas.

When we all have enough gas we can think of export
They don't have gas but cook with gas we have gas and cook with kerosene and firewood.

Irony.
Why at last? Why the celebration?
Have they piped gas to industries in Aba,Nnewi? When that happens we can say at last not celebrate putting our children's future in a pipe to Europe and our youths present at the same time

The more gas we USE the richer we will be. NOT the more we export

What do they use gas for in Europe is something every Nigerian kid must ask

If we don't ask that we deserve to be slaves for ever


Whatever they use gas for in Europe can we use it for the same in Nigeria Ghana Benin Cameroun.

Exporting gas is not foolish it is suicidal.

A poor man's child is sick and he decides to donate blood for a rich man's child

obailala:
Anything that improves the economy indirectly puts food on the table of every Nigerian.



If Nigeria starts exporting more of those gases that it flares, it translates to more revenue/forex income for the country, a better value for the Naira, more jobs, more income for Nigerians, a reduction in environmental degradation in the Niger Delta etc.

Gajagojo:


Much needed forex? Please explain why forex is much needed . Needed for what ?
To buy what they make with our gas?
We spend nearly 3 billion USD importing plastics
Is that rational? Guess what our biggest imports are ? Petrol
How much exactly. Do you project we can earn

Please explain why the Naira cannot belong to that class of phenomena known as. FOREX
Please explain why if we have more than enough gas MOST Nigerians dont cook with gas
Please explain why other countries are not scrambling for NAIRA to buy our plastic,cement,fertiliser petrol etc
Explain why you have such low expectations of Nigeria

Do you know how many years of gas we have or you just have the nebulous notion of "more than enough"

you are out of your intellectual depth here

You operate by assumption not thinking

My thing is simple

Let us satisfy our own need first
We should use our gas to make those things they make in Germany that we import
Paper,glass,industrial chemicals,metals,plastics
To that extent we must recognise they are strategic competitors not allies
They do not transfer knowledge because They are smart
We should see gas as a strategic commodity not something to be exchanged for so called FOREX

Which you do not understand is their only has value because they are productive and our Naira will never have meaning if we are not courageous enough to sell whatever we sell in Naira
We do not need forex
That is an illusion
What we need is industrialisation

Babysho:


If we calm down, it's more than obvious that this oil thing is not the way forward short term. If we choose to diversify the economy, there are low hanging fruits in the areas of agriculture and security that'll ease the pressure on the populace directly.

I'd rather we borrow money to improve our agriculture to feed ourselves than to build pipes. No be who chop bellefull go dey build pipe.

obailala:

I'm out of my intellectual depth? ... I operate by assumption? ... Wow! ...and this is coming from a person who thinks that a struggling developing country doesn't need forex revenue.

Firstly you just claimed with so much confidence that a developing country like Nigeria doesnt need FOREX. The basis of your argument is that NIgeria should aim to be an exporting nation, not an importer. Are you aware that even China which is the biggest exporting nation in the world also needs forex? Are you aware that CHina, the biggest exporting nation in the world also has the largest forex reserve of any country on the planet which runs into trillions of dollars? By your logic, you must think the Chinese are fools for having such a massive reserve right?

Other powerful economies like the UK, France, Germany, Japan etc with far far bigger economies than yours also need forex earnings to meet relevant trade liabilities and to influence monetary policy, because no country is an economic island in isolation. But going by your level of intelligence these countries are also foolish for needing forex and for having substantial forex reserves right?

You argue that Nigeria, a struggling developing nation doesn't need forex and doesnt need foreign revenue; you also confidently posit that what Nigeria need is industrialisation. But how do you think industrialisation happens?

You sound like a person who's read too many fantasy economics comics and is now sunken into deep delusion; totally disconnected from reality. You think industries just grow like magic out of the ground like trees would sprout from the soil? Aren't you aware that money is needed for industrialisation? And where exactly would that money come from? You want to wake up one day and have an industrialised country overnight?

Gajagojo:


Facts and figures not rant and polemic
We do not need forex from selling commodities
Rather we must focus only on products to which we add value
What do we need forex for simple question you are writing a Phd
We use forex for consumption mainly not production .
1. Petrol 2. Cars. 3. Wheat our top three imports.
That is not enough reason to build a pipeline to Europe


Gas is the cheapest source of energy and we do not make anything of significance from it net.
Rather we are locked in to forward contacts which favour the oil majors and their home country We make more from Diaspora remittances than anything else.
More from Diaspora remittances in nd year than gas in 10 years
The only way we can benefit from gas is to use it to industrialise

SafariHunter:
These days has been hell.

I cried today, no food , no drugs. See me fa. My good friend sef just dey hope say I go fit help am too, I only cried some more.


I still thank God for everything.

God Abeg , your child is depressed and borderline sucidal.

MeineMutter:


God almighty would uplift you above your woes and you shall be triumphant.

Please don’t think of sui.cide.

Raise your head above the mucky water. You are almost out.

SmartPolician:
Why is it sad news?

Who is Woye?

We really need to make a lot of USD from gas sales to stabilise the volatile naira.

obailala:
And how do you industrialise without money?.. where does the money to industrialise come from? By continuing with the burning of $25million worth of gas monthly in flares?

Anyway, I dont think I have it in me to argue with an economic 'genius' who believes countries like China, Japan, Germany, UK, Brazil, Korea and several others are foolish for scrambling for forex income.

SafariHunter:


Amen and Thank you..

E no easy oo

Gajagojo:
I

What is money? Forex?

You are out of your depth here
What you need to industrialize is knowledge not "money" which you have superficial understanding of
We have a knowledge deficit not a money deficit.
We have all the resources we need to industrialize in Africa what we lack is human capital with knowledge . We cannot build a hydroelectric plant by ourselves with all the money in the world today 2023
Fiat money is not a sine qua non
The dollar is not any more "money" than the Naira what makes the difference is what our people lack in knowledge .We can hardly build a 7 storey building without collapse
So we need to boost our knowledge
If we double our internal usage of gas every year in 10 years we will be doing fine without exporting to Europe

SafariHunter:
These days has been hell.

I cried today, no food , no drugs. See me fa. My good friend sef just dey hope say I go fit help am too, I only cried some more.


I still thank God for everything.

God Abeg , your child is depressed and borderline sucidal.

obailala:
Algeria exports gas to Europe, but the demand of gas is far more than Algeria can meet. Algeria would be very happy to receive Nigerian gas for onward export to Europe. It's good business!

obailala:
Okay thanks. I've learnt a few weird things from you today:
1. Nigeria doesnt need forex.
2. Nigeria doesnt need money to industrialise, we only need knowledge.

I guess you're right, my education is probably useless. You're actually smarter than every country in the world that seeks forex and keeps a forex reserve. As for Nigeria, if your fantastic ideas are adopted by the leadership of this country, we would surely survive without forex even if it means becoming a pariah state and even if the Naira drops to like N1million/$.

Ahh! And to add to that, we would use 'knowledge' and not money to develop our industries and critical infrastructure.

No further arguments!

obailala:
Obviously too advanced for your IQ level.

lamalang:
The pipelines to our depot's are not working yet you want to construct to europe

chudez0147:
What city are you in? I want to teach you how to get food daily . It is well

MeineMutter:


I can understand.

Please change your location, for now, if you have a place you can go.

Worry less and run your own race. Remain on your lane.

Take your mind off what you are expecting.

Listing to your favorite musics.

SmartPolician:
Why is it sad news?

Who is Woye?

We really need to make a lot of USD from gas sales to stabilise the volatile naira.

Arapmoi22:


I am okay with it only if each participants go to their state of origin to destroy things.

Outside that, we need to reduce our population.

Those ready to go first can come out to the Street of Lagos or any south-western states.

May they die a painful death.