Kukutenla:

Again you've shown your poor knowledge and ability to understand. Your headline says 18 year low. The news is from 2020. That means the oil price fell to the rate it was in 2002. Is that not under PDP?

Anyway, so you don't go about deceiving yourself that you have a point, your claim about $$ revenue, which is actually a rehashed tale that was started by Buhari has already been debunked. Here are links below that you can read to see how false you're claim on $ revenue is. I'm pretty sure if you add Tinubu's revenue from oil, it will surprise you that APC have actually had higher oil price on average than PDP years. PDP were simply more prudent. Or is that calculation and research you're too mentally lazy to do that's making you regurgitate APC's false narratives that's been debunked multiple times

https://www.premiumtimesng.com/business/504571-buhari-repeats-false-claim-on-nigerias-oil-revenue-in-past-years.html?tztc=1

https://dailypost.ng/2018/05/24/fact-check-buhari-got-wrong-nigerias-oil-revenue/

Jonathan have had the highest oil revenues so far. All through the PDP years, we did an average of 2.2 million bpd and in Jonathan’s time, we sold above 100 dollars per barrel in addition to that.
Also, 20 dollars in 2002 was much more valuable than 20 dollars in 2020 because dollar itself have also depreciated in all of those years due to inflation.

Sadly, Nigerians are not allowed to enjoy this gains

Bizibi:
SMH...this one thinks he is talking to a teenager,nairaland and online big boys.

If you are not a teenager,you are at most,in your 30s...I can feel it from here..

You are still a KID...

GeneralDae:

Jonathan have had the highest oil revenues so far. All through the PDP years, we did an average of 2.2 million bpd and in Jonathan’s time, we sold above 100 dollars per barrel in addition to that.
Also, 20 dollars in 2002 was much more valuable than 20 dollars in 2020 because dollar itself have also depreciated in all of those years due to inflation.

Did you read the links? We never did an average of 2.2m in the PDP years but even if we did, it's a testament to their proper management of the oil industry.
What rubbish is $20 in 2002 compared to 2020? What effect does that have on exchange rate? Stop saying rubbish abeg

predictor1:
Your own links have killed you. You obviously didn't read it out of your usual laziness. There's nowhere in the links that suggests APC earned more on average than the PDP.

So what did the links show?
Did you read them or you just started advertising your lazy intellect as usual? The links show that there's not much difference on average in terms of oil earnings between PDP and APC. And that was in 2022. Oil prices have been on a high since 2022 till now so I'm sure if you add those APC will earn more on average. What you ignoramus don't know is that when PDP took over Nigeria in 1999, oil price was less than $20 and remained so until 2002 at least. Yet you people will be crying about $37 in 2015 or $27 in 2020.

predictor1:
The same thing I told the idiot calling himself who thought the naira lost only 88%.

I already told you that insults don't make you intelligent. They just show how empty you are.

Depreciation rate is a mathematical tool. I guess you know more than those who use it. You and your fellow dumbos can't even get your figures right yet you think you make sense. Naira was 22 to a dollar in 1999 and it was 199 to a dollar in 2015.

Secondly, that silly calculation you're brandishing is giving a unit rate of 28 to PDP and a unit rate of 216 to APC. How does that make mathematical sense.

Why don't you use 28 for the baseline for both since that's where the calculations started from and let's see how APC will fare.

Do you know how many 28 you will see in 216? So with your calculations, PDP will reach 100% devaluation when you count to 28 while you have to count up to 216 for APC to reach 100% devaluation. How does that make sense? Which school did you go to that they taught you ratio and metrics that way?

Thirdly, you and your fellow ignoramus conveniently ignore the number of years it took each party to reach that figure never mind its inaccuracy.

Divide your 800% by 16 and you get average devaluation of 50% every year.

Divide 550% by 9 and you get 61% every year

Which is worse now between 50% and 61%?

You're all just disgracing yourself showing your poor maths skills!

Kukutenla:

So what did the links show?
Did you read them or you just started advertising your lazy intellect as usual? The links show that there's not much difference on average in terms of oil earnings between PDP and APC. And that was in 2022. Oil prices have been on a high since 2022 till now so I'm sure if you add those APC will earn more on average. What you ignoramus don't know is that when PDP took over Nigeria in 1999, oil price was less than $20 and remained so until 2002 at least. Yet you people will be crying about $37 in 2015 or $27 in 2020.

Your links showed that pdp had better oil deals than you are trying to portray. Your links were mostly silent about oil prices during APC years. Also your links were trying to debunk average barrels per day during PDP as put forward by PMB. Yet it was silent about the average bpd during apc days. You are so lazy you didn't fully grasp the import of those links and how foolish they made you look.

Below is a chart about oil prices between 2000 and 2015

predictor1:
You don't know anything. You keep confusing yourself. You obviously don't know percentages can be in decimals as well. Your 0.88 was already a percentage according to you. To justify your nonsense you had to convert percentage to percentage again.

Should I work it for you to see that the naira has lost over 400% of it's value and not less than 1% you are erroneously pushing forward? You are the one mixing up many things. You are making a simple thing complex like the other guy said.
Take this quote from Einstein:


Simplicity is a good thing.

Kindly show your calculations. And I hope its not that nonsense you guys are brandishing about.

Can you also show where I said 0.88 was in percentage?
Simple question is if you know how to convert decimal to percentage. You don't even know how to calculate depreciation. Yet you're arguing with me.

Here's the formula for depreciation for you and your fellow ignoramuses to suck on

LegendHero:

Below is the oil price chart. Looking at the trend alone, you will see that it fell in 2020 to that amount as reported by CNN. Yes, in 1999, it was also at that $24 and it rose from that point to a massive $109 at some point in 2012. Check the data, do you see that PDP deserve a curse for squandering all those huge revenues they generated?


I don't need a report to understand the $ value of crude oil revenue when it is an open information. Looking at the chart below, repeat the jargons about APC generating more than PDP again, let me hear. When you factor crude revenue, you will factor both crude price and the output per year to get the true picture.

Lol PDP prudent, e no go better for PDP. Even the crude oil output during PDP was so massive and at some point doing over 2million bpd steady coupled with that ridiculous price average, what did that useless party do with the money? Where are the infrastructure and where is the production?

See the 2015 average when Buhari took over, tat is $49
https://www.statista.com/statistics/262858/change-in-opec-crude-oil-prices-since-1960/

You're just writing jargon. The Nigerian press took up Buhari on his claim of higher oil price and found it to be a lie.
In 1999 when PDP took over crude price was at $18 not $24.
Also it's a big lie to claim crude output averaged 2.2m under PDP. Seems to guys were in a cave at the height of Niger delta militancy abi Nigeria was pumping 2.2m then too? Do you know how many times Shell was forced to declare force majeure?
Also, the global financial crisis took oil price to less than $30. In fact, I don't have time for silly arguments.
Read the links and debunk any claims made by daily post and premium times with your facts.
PDP never wrecked CBN. They shored up our foreign reserve and even created excess crude account. How have both fared under APC? PDP instituted SWF with the money saved from excess crude and subsidy removal in 2011. Show us APC's savings. Mind you APC have been having excess crude since 2018 till now with the exception of 2020. Where's the excess crude savings?
PDP instituted pensions reforms which is worth over 10trn today. Show us any such savings under APC who even wrecked the CBN with 28trn debt minus other foreign and local debts!! APC is a locust

Kukutenla:

Can you also show where I said 0.88 was in percentage?

Let me deal with this your stupid lie first before I handle the other nonsensical things you said. You did your calculations and arrived at 0.88 which you said was a percentage without the negative sign, olodo.

quote author=Kukutenla post=129412599]

But rate of Depreciation is always a percentage at which you ignore the negative.

Or was that not you? Abi the rate of depreciation was not what you calculated when you got 0.88?

LegendHero:


Wetin your doubt go do for me? Will it put $$ to my account?

Next time, you will understand argument context before delving into it. If you are going to take the argument to application of formular for this basic discussion, then bring all the parameters and use the same calculation to tell us the value of the forex PDP generated in their 16 years high and compare that to what APC generate so as to know who actually is better among the two parties.

You cannot choose to use calculation for the parameter that favors your argument and then ignore other factor that make the whole.

I should give you calculation to calculate depreciation? You no sabi use google abi you dey pay me for Nairaland lesson? See this one.

You claimed you can calculate with other factors. So do it now. Abi your own engineering calculation na for mouth?
I already shared links to show you there's not much difference between both earnings in terms of crude. If you don't agree bring your own.
You guys swallow too much lies from your APC which is why you're mostly irrational tribal bigots cause that's the only way you can be able to stomach such lies.
I've shown you how depreciation is calculated. Bring your own.

predictor1:
Let me deal with this your stupid lie first before I handle the other nonsensical things you said. You did your calculations and arrived at 0.88 which you said was a percentage without the negative sign, olodo.




Or was that not you? Abi the rate of depreciation was not what you calculated when you got 0.88?

So where did I say 0.88 is a percentage? You don't know maths. You're poor at English too. How did you pass WAEC?
Any dullard should know how to convert decimal to percentage. I don't expect to be showing anyone who claims to be educated how to do that.
Your argument is nauseating.

Dont be fooled. They met it at N700… after experimenting, they are back to defending it… and it’s still at 1200.. 71% more than where they met it 😂😂

predictor1:
Your links showed that pdp had better oil deals than you are trying to portray. Your links were mostly silent about oil prices during APC years. Also your links were trying to debunk average barrels per day during PDP as put forward by PMB. Yet it was silent about the average bpd during apc days. You are so lazy you didn't fully grasp the import of those links and how foolish they made you look.

Below is a chart about oil prices between 2000 and 2015

The links were during APC years in 2022 and the point was to debunk Buhari's claim of PDP having higher oil price.
And as I always tell people you can't use bpd as an excuse because its a reflection of the ability of the govt in power to be productive. Bpd don't just jump out of the blue neither us or out of govt's control

Kukutenla:

So where did I say 0.88 is a percentage? You don't know maths. You're poor at English too. How did you pass WAEC?
Any dullard should know how to convert decimal to percentage. I don't expect to be showing anyone who claims to be educated how to do that.
Your argument is nauseating.

You are angry so soon when I'm just starting with you. Ad hominem is the escape route for weaklings like you.(you might have to look up the meaning of the term in bold )

I just showed you where you said rate of depreciation was always a percentage. And you got 0.88% from your calculations. Just like legendhero told you: stop confusing yourself. And please stop lying. You are a very poor student of maths. Your percentage was already in decimal. There's absolutely no need to change it to percentage again.

predictor1:
You are angry so soon when I'm just starting with you. Ad hominem is the escape route for weaklings like you.(you might have to look up the meaning of the term in bold )

I just showed you where you said rate of depreciation was always a percentage. And you got 0.88% from your calculations. Just like legendhero told you: stop confusing yourself. And please stop lying. You are a very poor student of maths. Your percentage was already in decimal. There's absolutely no need to change it to percentage again.

So I said rate of depreciation is always a percentage? Yes!
Now kindly show me where I wrote 0.88% in all my posts. You're simply showing that you don't understand maths. 0.88 in decimals is simply 88% in percentage. Show it to a primary 5 kid anywhere around you.
It's shameful we're debating this at this level.
I've given you the formula for depreciation rate. Input the figures and see if you get 0.88%.
Wahala dey for this country o.

Kukutenla:

The links were during APC years in 2022 and the point was to debunk Buhari's claim of PDP having higher oil price.
And as I always tell people you can't use bpd as an excuse because its a reflection of the ability of the govt in power to be productive. Bpd don't just jump out of the blue neither us or out of govt's control

You stopped at 2006. As at then I saw the average was already $65. Post for the remaining years, dumbo with a tail.

predictor1:
You stopped at 2006. As at then I saw the average was already $65. Post for the remaining years, dumbo with a tail.

Insults don't make you more intelligent dear dullard. Go and read the link very well. Even the screenshot did not stop at 2006!!

Your intelligence is really low I regret to say. So you didn't see $69 in 2007 in both posts?

Wow!! Just wow!!

Kukutenla:

So I said rate of depreciation is always a percentage? Yes!
Now kindly show me where I wrote 0.88% in all my posts. You're simply showing that you don't understand maths. 0.88 in decimals is simply 88% in percentage. Show it to a primary 5 kid anywhere around you.
It's shameful we're debating this at this level.
I've given you the formula for depreciation rate. Input the figures and see if you get 0.88%.
Wahala dey for this country o.

Forget about your stupid formula for now.
Let's deal with the elephant in the room, your lack of knowledge that percentages also come as decimals. The 0.88 you got according to you was a percentage. Do you want me to show the whole world where you said rate of depreciation was always a percentage?

morgstreme:

If you are not a teenager,you are at most,in your 30s...I can feel it from here..

You are still a KID...

SMH...... social media!

Kukutenla:

Insults don't make you more intelligent dear dullard. Go and read the link very well. Even the screenshot did not stop at 2006!!

Your intelligence is really low I regret to say. So you didn't see $69 in 2007 in both posts?

Wow!! Just wow!!

Keep throwing insults. It shows you are in pain. Post the average prices up to the end of the pdp years then let's see something. PDP didn't leave in 2007, son.

GeneralDae:

Jonathan have had the highest oil revenues so far. All through the PDP years, we did an average of 2.2 million bpd and in Jonathan’s time, we sold above 100 dollars per barrel in addition to that.
Also, 20 dollars in 2002 was much more valuable than 20 dollars in 2020 because dollar itself have also depreciated in all of those years due to inflation.

The guy is overconfident in his ignorance.

predictor1:
Keep throwing insults. It shows you are in pain. Post the average prices up to the end of the pdp years then let's see something. PDP didn't leave in 2007, son.

Is already given to you in the links but you can't read so you keep asking silly questions even after I have you screenshot.

According to data obtainable from OPEC’s Basket Price, the average crude oil price from 1999 to 2015 was $61 a barrel.

https://dailypost.ng/2018/05/24/fact-check-buhari-got-wrong-nigerias-oil-revenue/

predictor1:
Forget about your stupid formula for now.
Let's deal with the elephant in the room, your lack of knowledge that percentages also come as decimals. The 0.88 you got according to you was a percentage. Do you want me to show the whole world where you said rate of depreciation was always a percentage?

I can't believe you're still arguing on this!!

It's a bad commentary on your education!!

blamingthedevil:
https://www.bloomberg.com/news/articles/2024-04-12/usd-ngn-nigerian-naira-could-extend-rally-to-below-1000-dollar-goldman-sachs?cmpid=socialflow-twitter-business&utm_medium=social&utm_content=business&utm_campaign=socialflow-organic&utm_source=twitter

This is like failing and scoring F+ in an exam…
And when you fail again with a D- you brag about your significant “improvement”. SMDH
>

Kukutenla:

I can't believe you're still arguing on this!!

It's a bad commentary on your education!!

The only problem is that you claimed your decimal was already a percentage.

So which one is it now? You are a confused specimen. What really is broken in your life?

predictor1:
The only problem is that you claimed your decimal was already a percentage.

So which one is it now? You are a confused specimen. What really is broken in your life?

Show me where I claimed my decimal is a percentage. You should have paid attention to understanding maths a bit more in primary school.

At least you got the education you failed to get then from Google now.

Are you now a counsellor or psychologist to be asking what's broken in my life?

Why don't you face the argument in front of you? I remember you mentioning ad hominem and weaklings running away from strong points.

What's happening to you now?

Kukutenla:

So what did the links show?
Did you read them or you just started advertising your lazy intellect as usual? The links show that there's not much difference on average in terms of oil earnings between PDP and APC. And that was in 2022. Oil prices have been on a high since 2022 till now so I'm sure if you add those APC will earn more on average. What you ignoramus don't know is that when PDP took over Nigeria in 1999, oil price was less than $20 and remained so until 2002 at least. Yet you people will be crying about $37 in 2015 or $27 in 2020.

Your laziness is a curse.
On average, everyone except monkeys like you, know that PDP earned on average more than APC. Are you saying a semi illiterate like Buhari is smarter than a young purportedly educated Nigerian? Buhari was closer to the mark when he said during PDP years oil prices was $100 on average. It's actually $91! So he was close. The stupid newspapers you quoted didn't do the average. Lazy like you their reader.

For the apc years so far, the average is $56 ! So who earned more. Abi you need me to show you the calculations so that I can humiliate you once more?

https://www.macrotrends.net/2516/wti-crude-oil-prices-10-year-daily-chart
You can look for the years and the average oil prices on that site. It's tiresome arguing with you. You are an ass. Apology to asses.

Kukutenla:

Show me where I claimed my decimal is a percentage. You should have paid attention to understanding maths a bit more in primary school.

At least you got the education you failed to get then from Google now.

Are you now a counsellor or psychologist to be asking what's broken in my life?

Why don't you face the argument in front of you? I remember you mentioning ad hominem and weaklings running away from strong points.

What's happening to you now?

Go and sit down. You said your answer was a percentage and that you ignored the negative sign. Olodo. Wasted education. I even thought I was debating with a brilliant mind before. Little did I know it was just another regular olodo. Get the fvck out of my face, stupid liar.

predictor1:
Your laziness is a curse.
On average, everyone except monkeys like you, know that PDP earned on average more than APC. Are you saying a semi illiterate like Buhari is smarter than a young purportedly educated Nigerian? Buhari was closer to the mark when he said during PDP years oil prices was $100 on average. It's actually $91! So he was close. The stupid newspapers you quoted didn't do the average. Lazy like you their reader.

For the apc years so far, the average is $56 ! So who earned more. Abi you need me to show you the calculations so that I can humiliate you once more?

https://www.macrotrends.net/2516/wti-crude-oil-prices-10-year-daily-chart
You can look for the years and the average oil prices on that site. It's tiresome arguing with you. You are an ass. Apology to asses.

An Internet rat and nonentity who can't convert decimals to percentage is here calling two of the most reputable media outlets in Nigeria stupid and lazy.
Oya Oga, show your workings and prove your claim of $91 average. At least both newspapers showed the average yearly revenue which makes it easy for anyone to verify their calculations and how they arrived at $61 using basic maths. So since you're smarter and more brilliant, show us your workings.
It's obvious to anyone following the conversation between you and I who is looking like an idiot. But since you've come out with a different claim from those of the papers, kindly show how you arrived at both $56 for APC and $91 for PDP

predictor1:
Go and sit down. You said your answer was a percentage and that you ignored the negative sign. Olodo. Wasted education. I even thought I was debating with a brilliant mind before. Little did I know it was just another regular olodo. Get the fvck out of my face, stupid liar.

Is the above rant why you don't know how to convert decimals to percentage (primary school education)?
Is the above nonsense why you don't know there's rate of depreciation?
After showing you the formula, you argued nonsenically, comparing depreciation rate with profit and loss analysis.
After that, you delved into whether percentage and decimals can be converted.
Your poor education is as clear as water.
As I told you, your insults can't hide you lack of intelligence. Mr ad hominem

Abbeytoy:


Wow

Officially, the exchange rate in 2015 was less than 150 compared to 1200 now