₦airaland Forum

Image123:
Are they not paying you for the goods? Abi na me no understand the argument. Is this not part of the monies our government makes and shares every month?

1. Oil & Gas (72%)
• Nigeria ships 1.6 million barrels/day to Europe

2. Cocoa, Sesame, Leather (18%)
• EU buys €8.1 bn of Nigerian farm & raw materials
• Germany alone takes €2.4 bn cocoa beans

3. Re-exports & Services (10%)
• Dutch ports re-export Nigerian LNG → €4.5 bn
• French banks & insurers skim €1.2 bn fees

Grand total: €45.1 billion (2024 actual)

Corrections:
Since Nigeria has resources that it can't use well EU will help you use it. Is America the reason why NIGERIA'S resources are USELESS to NIGERIANS?


America must defeat Islamic terrorists in Nigeria by fire by force whether terrorist sympathisers like it or not.


Islamic hypocrites!!!

funsho75:
But we Nigeria refused to refine our product

DiamondsAreFore:
Why is the business so lopsided in favour of one party? It means the other party is very bad at negotiating favourable trade deals.

BlackViper:
Sources: EU Commission DG-TRADE Oct 2025, Nigerian Customs Service, Shell/Total Q3 reports.

https://x.com/ruffydfire/status/1985946114600657111?t=GDeGOwMfgGH4zgAe4615aA&s=19[/quote]Rufai oseni with emphrical fact.

Image123:
Are they not paying you for the goods? Abi na me no understand the argument. Is this not part of the monies our government makes and shares every month?

1. Oil & Gas (72%)
• Nigeria ships 1.6 million barrels/day to Europe

2. Cocoa, Sesame, Leather (18%)
• EU buys €8.1 bn of Nigerian farm & raw materials
• Germany alone takes €2.4 bn cocoa beans

3. Re-exports & Services (10%)
• Dutch ports re-export Nigerian LNG → €4.5 bn
• French banks & insurers skim €1.2 bn fees

Grand total: €45.1 billion (2024 actual)

Reference:
But these things are paid for.
You sell to them and they pay in forex.
Trade is mutually beneficial.
I don't understand what the lamentations are about.

That you cannot use your earnings to improve your lives is absolutely up to you.

Japan is the fourth largest economy in the world, was second for decades. This is an island nation a third the size of Nigeria by land mass and in which half that area is mountainous and unusable.

It has practically no raw materials but enough volcanic and seismic activity to sharpen the mentality of it's people to the fact that they are on their own and have to survive by how they think and what they are able todo with their hands.

In addition they have fought and lost a war, the only country so far in history to have been nuked, yet they have not sat back and lashed out against our nations in spite or retribution. Today they are the primary champions of peace round the world.

What exactly is Africa's problem and this endless victim mentality.

This is a mentality completely lost on

Denalarian:
These are arguements with facts not one with fake statistics

nairalanda1:
A lot of people love to mock me when I point out how dependent on oil we are....and how bad it is for our economy.

Mr Oseni has demonstrated further how bad it is for our economy.

You know me, I have repeatedly said that all Nigerian leaders from past to present are bad leaders because they do not use our resources to make exportable manufactured goods. Instead we sell oil, and when oil price does not meet up, we get broke and take loans. Expolitation of the type above is the last straw.

Many Nigerians don't realize this, which is why we will never get a good leader, because their idea of development is equitable sharing of oyel money. Which does not work because...we are broke.

Keep in mind that even if we get the 46 billion euros that Oseni has calculated, it still wont be enough for this country. We need something that can give us an income , by my own estimation, of hundreds of euros a year...so that we can have a budget that is at least 150 billion euros which would give us the kind of standard of living that we can enjoy.

But like most people, we keep on voting for leaders who promise equitable sharing of the money. Like now, we have tinubu whose slogan was it is my turn...to help share the moni.

Anyway, make we continu. I cannot help people unwilling to see, see.

Dreamhans1:
We gift them the cocoa for free I can personally attest to that

lionshare:
Asides that the figures are assumptions do you think nigerian exporters of cocoa do it for free? Think

SirElaw:
I was wondering if I was the only one with the confusion. When you understand this please tag me.

nairalanda1:
Nigeria should industrialize is the point tho

DiamondsAreFore:
When you understand what a trade imbalance is, I will tag you. Until then, any further discussion will only be a waste of time

BlackViper:
Sources: EU Commission DG-TRADE Oct 2025, Nigerian Customs Service, Shell/Total Q3 reports.

https://x.com/ruffydfire/status/1985946114600657111?t=GDeGOwMfgGH4zgAe4615aA&s=19[/quote]Whose fault?

Did we ask them the buy anything from us?
Did they beg us to buy anything from them?

Mikaliav:
Some people will start defending EU because it's coming from Oseni. Naija na cruise.

BlackViper:
Sources: EU Commission DG-TRADE Oct 2025, Nigerian Customs Service, Shell/Total Q3 reports.

https://x.com/ruffydfire/status/1985946114600657111?t=GDeGOwMfgGH4zgAe4615aA&s=19[/quote]Rufai doesn't understand Mathematics.

First off , the 1.6 million barrels of crude was not free , shell and co paid for mining licences and also pay taxes on it so Nigeria didn't loose , we gained per barrel of oil sold.

The raw materials like cocoa and sesame were paid for and exported, I'm nto sesame ex0ort , no farmer sells for export for free .

I don't know how this dude came to his ridiculous conclusions.