₦airaland Forum

UHLmoving:
Wow

With a barrel of crude oil currently at 71 USD

That means Nigeria will be making a total of

$71 times 1,500,000

= $106,500,000 Daily

In Naira!

181 Billion Naira Daily.

Now the big question is, where will all these money go to?

Servicing of past debts

Increase of foreign reserve and

Infrastructure

Those are the major focus of the administration

But for me I want him to release the dollars so that inflation can come down

Kaiser20:
Agbaya, See as Person Papa dey do hypeman for Palliative

wetin come dey pain you

Your wretched father do worse than this for the pandora criminalPeterObi

Kaiser20:
Agbaya, See as Person Papa dey do hypeman for Palliative

Tinubu needs to seriously do something about hunger in the land

His zombies are beginning to see double and this is due to malnutrition

Just look at them on this thread posting screenshot contradicting their claims with confidence

Nor be sapa be dat?

helinues:
Okay. So they did not refine the crude oil at all, they are just selling it directly.

Go and ask for refunds from your economics teachers

CRUDE oil is raw unrefined black oil extracted from the ground.

No, you need a refund

Ojuntana:
This is shameful

Our quota was once 2.3m before the calamity called APC occurred

Now we're even struggling to do 1.5m by counting condensate

And Lokpobiri should stay off Heineken pls

Which magic will double production in a year? APC and the spirit of lies sha

even during pdp rule Nigeria hardly produce more than 1 million per barrel, no the mend dey rain

Ojuntana:
Zombie
Which year were you born
Even your god Buhari was crying that oil was produced at 2.3m before he took office

Read your egbon's screenshot here

Easy and stop talking ignorantly. The same challenges that affected oil production since 2013 persisted even on a larger scale prior to Buhari's tenure. Militants were hitting the pipelines badly due to tense political situation during the 2015 election. Osinbanjo had to visit Niger-Delta when he was Acting President to calm down their nerves. You forget easily.

UHLmoving:
Wow

With a barrel of crude oil currently at 71 USD

That means Nigeria will be making a total of

$71 times 1,500,000

= $106,500,000 Daily

In Naira!

181 Billion Naira Daily.

Now the big question is, where will all these money go to?

Hmm

Ojuntana:
And you wrote


Zombie!! 🧟‍♂️ 🧟‍♂️ 🧟‍♂️

Around 2010, we were producing around 2.6m barrel. Which dropped to 2.1 around 2011-2013.

Isn't that struggling ? Just December 2024 we were around 1.7m

PressMyButton:
https://www.thecable.ng/nigeria-finally-meets-opecs-crude-oil-production-quota-of-1-5m-bpd/

If it doesn't bring the price down, then it's needless

Putindbutt:
Easy and stop talking ignorantly. The same challenges that affected oil production since 2013 persisted even on a larger scale prior to Buhari's tenure. Militants were hitting the pipelines badly due to tense political situation during the 2015 election. Osinbanjo had to visit Niger-Delta when he was Acting President to calm down their nerves. You forget easily.

So under who did the oil production drop to less than 1.5m oga butt

UHLmoving:
CRUDE oil is raw unrefined black oil extracted from the ground.

No, you need a refund

You might still need to ask your English teachers for refund oo.

If crude oil is unrefined, how then did we get petroleum, kerosene e t.c from it without refining?

helinues:
Around 2010, we were producing around 2.6m barrel. Which dropped to 2.1 around 2011-2013.

Isn't that struggling ? Just December 2024 we were around 1.7m

This boy is daft

You claimed Nigeria was struggling to produce 2m in 2010

Now you say Nigeria produced 2.6m (which is a lie) in 2010

Oga go drink garri

Hunger don dull your sense

porthouse7:
even during pdp rule Nigeria hard produce more than 1 million per barrel, no the mend dey rain

You're right

Kaiser20:
Agbaya, See as Person Papa dey do hypeman for Palliative

If your papa see hype man do when e young... U for no deh nairaland dey cry

Na so...

Wetin that one go do for ordinary Nigerian?

Nahtin

Ojuntana:
So under who did the oil production drop to less than 1.5m oga butt

Who were the militants fighting for. Who was their candidate going into the election?

UHLmoving:
Wow

With a barrel of crude oil currently at 71 USD

That means Nigeria will be making a total of

$71 times 1,500,000

= $106,500,000 Daily

In Naira!

181 Billion Naira Daily.

Now the big question is, where will all these money go to?

They don use the crude borrow money na.

Ojuntana:
This is shameful

Our quota was once 2.3m before the calamity called APC occurred

Now we're even struggling to do 1.5m by counting condensate

And Lokpobiri should stay off Heineken pls

Which magic will double production in a year? APC and the spirit of lies sha

The 1.5 is minus Condensate. OPEC doesn't count Condensate. But you are right. The APC is a disgrace. The Buhari and Tinubu government have been a total failure in the energy sector. In 2022, Nigeria's export was 900,000.

UHLmoving:
Wow

With a barrel of crude oil currently at 71 USD

That means Nigeria will be making a total of

$71 times 1,500,000

= $106,500,000 Daily

In Naira!

181 Billion Naira Daily.

Now the big question is, where will all these money go to?

Nigeria doesn’t even own more than 200k or there about from the 1.5M

Golan007:


Haters gon hate.

Hian, wetin Hater's,Obidients, NNPP, PDP, ADP , SDP UPN,NPN , GNPP, PRP do you, Haha 🤣

Kaiser20:
Agbaya, See as Person Papa dey do hypeman for Palliative

Take am easy sir, no yab am finish, remain small.

Ojuntana:
This is shameful

Our quota was once 2.3m before the calamity called APC occurred

Now we're even struggling to do 1.5m by counting condensate

And Lokpobiri should stay off Heineken pls

Which magic will double production in a year? APC and the spirit of lies sha

that's a big lie. It was only obasanjo that reached that feet and it was because it was just coming out from a military rule .

Lol...Biodun, go back to school...or ask your little cousin in JS 1 to explain how Tinubu does not hold forex on behalf of Nigeria and releasing does not have an effect on inflation.

Its too complex for you to understand,Biodun.

Biodun556:
Servicing of past debts

Increase of foreign reserve and

Infrastructure

Those are the major focus of the administration

But for me I want him to release the dollars so that inflation can come down

How does this affect market women and those outside politics, any thing that does alleviate the suffering or f the masses is total rubbish and meaningless

This administration has no reason for failing.

Putindbutt:
Who were the militants fighting for. Who was their candidate going into the election?

Who were Boko Haram fighting for
Who was their candidate going into election?
The silliness of agbados is limitless

Mubiola360:
that's a big lie. It was only obasanjo that reached that feet and it was because it was just coming out from a military rule .

Try to read ok?

phemmyfour:
Las Las.. they ll embezzle the proceeds

Not under Tinubu.


See giant strides within two years.

Akpakomiza2:
Kudos to Tinubu..things will gradually get better. Tinubu will take us to the yaradua era

And 1 dollars will be equal to 1 naira

richmond500:
I am more interested in inflation coming down.
All these paper economics no concern me

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