₦airaland Forum

Not my Business.

Jonataaaaaaaaaaaaaaaaaaaaaaaaanioooooooooooooooooooooooooooooo

Damager:
OK ooooo

Sibrah:
k

ultimatetboy:
Ok

Businessmen....better stop relying on oil money. Time to leave space booking...and develop industries.

I can't wait for Buhari to come and stabilize the oil prices......ℓ☺ℓ




Change indeed

The Soup gets thicker

Na was o

LordMecuzy:
Not my Business.

But it is...

For instance, if there is a decline in oil prices and oil revenue, the lagging and collapsing non-oil export sector will not be able to compensate for the drop in oil revenue while domestic demand for the non-traded goods and imports remain sticky. Consequently, the country will be forced to borrow from the international financial market to compensate for the decline in oil revenue. [size=14pt]Over time, external debts will increase and so will the debt service obligations. Even when oil prices go up later and there is another round of oil windfall, it is difficult to correct the earlier damage or distortions created by the initial or previous oil windfall. In some cases, the oil exporting country may be forced to adopt some form of structural adjustment program (SAP) to correct such distortions or imbalances. Some of these SAPs are painful and may increase the prevalence, depth and severity of poverty.[/size]

Una don hear? Your pocket is in danger.....

And those of us wey live in the 80's....we know how SAP sapped us well well....

Na your buisness....

Some stewpid terrorist turned politician said he will stabilise it

This is a disaster waiting to happen, as petroleum companies will plan laying off workers, reviewing take-home pay and battling the cost of production. Ordinarily, its supposed to be goodnews to everyone worldwide. Low price of Brent crude should relatively mean lower prices of petroleum product for economies that had no subsidies on the products. Low price of gas means lower cost of manufacturing of consumer goods. But the Capitalist oligarchs down the chain will hoard certain products on the value chain and exploit the immediate consumer.

Unfortunately, the price of crude oil will not be as high as it used to be, because US is self-sufficient now.

jkendy:
If the price of oil is falling why are we stil buying it at 97 naira per litre (when available ) and 150 naira per litre frm black marketers

Because we didn't give subsidy a chance that time.....

sanmibukunmi:
I can't wait for Buhari to come and stabilize the oil prices......ℓ☺ℓ




Change indeed

ishiamu:
Some stewpid terrorist turned politician said he will stabilise it

Assuming he (Buhari)..takes over....and gets enough OPEC members on his side to stop the Saudis pumping more oil...he could stabilize the price so to speak.

But....times are changing....which is why your PDP and APC better start developing industrial programmes ....

so what happens to the 65$ bench mark nigeria projected? well dont be surprise wen the government say the cant pay workers again

gneisss:
so what happens to the 65$ bench mark nigeria projected? well dont be surprise wen the government say the cant pay workers again

Well...we raid the Savings account (excess crude) again.

But...belts will be tightened in the long run.

It would be the 1980's all over again.

bushdoc9919:
Businessmen....better stop relying on oil money. Time to leave space booking...and develop industries.

I was going to modify mine immediately. Sorry for the wrong impression i gave.

jkendy:
If the price of oil is falling why are we stil buying it at 97 naira per litre (when available ) and 150 naira per litre frm black marketers

Ur corrupt president knows y

Let it keep falling. ....
mtcheeeeeeeew

gneisss:
so what happens to the 65$ bench mark nigeria projected? well dont be surprise wen the government say the cant pay workers again

The price is around $47.5 per barrel at international market. Probably the state government and their family member will buy at that price. They should be discussing how to diversify the economy and move away from over reliance on oil. Nigeria can survive on tax and agricultural alone without oil but the government is too lazy and corrupt. They are

Why are we still buying gasoline for N97, is Jonathan’s government still subsidizing gasoline at the current crude price

Here is what Nigeria must do

1.Remove fuel subsidy. Invest half the money in technical education...the other half in power and rail transport.

2.Raise education spending to 26% of the budget....and spend more on primary and secondary education. Raise university fees to 150,000 naira per semester. All universities to be public private institutions (Sorry....but you are not diminished by not having BSc). Technical schools/polys are to be made free of charge...

3.Spend more on security. Set up a Special Purpose Unit of the Armed Forces to engage in assymetric warfare....with the aim of beating Boko Haram.

4.Spend more on power. At the same time attract foreign investors...to come and set up industries that will train our people...and give them jobs.

5.End corruption.No exceptions.No more story.You caught...you get jail....even if you are as close to the President like leaves to trees...

6.Improve learning in our mother tongue....and at the same time improve technology that would enable communication across tribes.

Nigerians...we can do it.

Some States will soon collapse and taken over by the Federal Government like failed banks.
Now we shall no the secret behind Aregbesola IGR wonders
Incidentally this is d auspicious time to identify real managers, real governors that can engender transformation with limited resources,real statemen,,This is when they show their acumen. Any sheep can act as manager or governor when d economy is buoyant and they even bungle it

bushdoc9919:
Here is what Nigeria must do

1.Remove fuel subsidy. Invest half the money in technical education...the other half in power and rail transport.

2.Raise education spending to 26% of the budget....and spend more on primary and secondary education. Raise university fees to 150,000 naira per semester. All universities to be public private institutions (Sorry....but you are not diminished by not having BSc). Technical schools/polys are to be made free of charge...

3.Spend more on security. Set up a Special Purpose Unit of the Armed Forces to engage in assymetric warfare....with the aim of beating Boko Haram.

4.Spend more on power. At the same time attract foreign investors...to come and set up industries that will train our people...and give them jobs.

5.End corruption.No exceptions.No more story.You caught...you get jail....even if you are as close to the President like leaves to trees...

6.Improve learning in our mother tongue....and at the same time improve technology that would enable communication across tribes.

Nigerians...we can do it.

Good thinking how i wish you were the president of this country. God bless you bro.

imag5:
Good thinking how i wish you were the president of this country. God bless you bro.

HOW FAR?

If not for dumb leaders who have been solely dependent on oil we won't be here right now.I love what is hapenin,it will force d FG 2 diversify our economy n create more opotunitie.tym 2 harness all d resources dis contry is blessd. With.

2sExy1:
HOW FAR?

am good bro and you

imag5:
am good bro and you

just there o. I go soon come home o. make una ready for me lol.

2sExy1:
just there o. I go soon come home o. make una ready for me lol.

okies u always welcome

bushdoc9919:
Here is what Nigeria must do
1.Remove fuel subsidy. Invest half the money in technical education...the other half in power and rail transport.
2.Raise education spending to 26% of the budget....and spend more on primary and secondary education. Raise university fees to 150,000 naira per semester. All universities to be public private institutions (Sorry....but you are not diminished by not having BSc). Technical schools/polys are to be made free of charge...
3.Spend more on security. Set up a Special Purpose Unit of the Armed Forces to engage in assymetric warfare....with the aim of beating Boko Haram.
4.Spend more on power. At the same time attract foreign investors...to come and set up industries that will train our people...and give them jobs.
5.End corruption.No exceptions.No more story.You caught...you get jail....even if you are as close to the President like leaves to trees...
6.Improve learning in our mother tongue....and at the same time improve technology that would enable communication across tribes.
Nigerians...we can do it.

Even if what you stole is not up to the price of a Peugeot

Billyonaire:
This is a disaster waiting to happen, as petroleum companies will plan laying off workers, reviewing take-home pay and battling the cost of production. Ordinarily, its supposed to be goodnews to everyone worldwide. Low price of Brent crude should relatively mean lower prices of petroleum product for economies that had no subsidies on the products. Low price of gas means lower cost of manufacturing of consumer goods. But the Capitalist oligarchs down the chain will hoard certain products on the value chain and exploit the immediate consumer.

Unfortunately, the price of crude oil will not be as high as it used to be, because US is self-sufficient now.

Canadian government don prepare names to lay off sef

Oil will never again be sold for >= $100 per barrel, so welcome to the new world.

ignis:
Let it keep falling. ....
mtcheeeeeeeew

Lol...see this one. You know what they call garri? Hmm...be careful what you wish for.

Harsh times for the economy of Nigeria thanks to GEJ the jerk. However, on the long term, with the right policy ( don't bet your life with Gej in charge ), Nigeria stand to benefit from the crash.

We simply need to go back to farming.