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Nairaland Forum / Nairaland / General / Business / Trouble As China Dumps Nigerian Crude Oil (46081 Views)
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Re: Trouble As China Dumps Nigerian Crude Oil by atlwireles: 9:28pm On Jun 09, 2015 |
kobonaire: Better than a photo up and handshake. |
Re: Trouble As China Dumps Nigerian Crude Oil by chigoizie7(m): 9:28pm On Jun 09, 2015 |
We don die finish be dat oooh, But if Nigeria wants to also hold dem in ransom , PMB should lias with other major african countries that imports massively like Nigeria from china. Let me see how their economy will grow. Correct me if u think otherwise. 80% of china's products both standard and substandard products ends up @ d shores of african countries, thereby booming their revenue, if africa can withdraw, den china will hear nwiiiiiiii. But how can we withdraw. When we re not self sufficient in terms of production, 90% of what Nigerians use are imported, most of dem from china, likewise so many other african countries. I think this chinese decision is not in any were connected to d just concluded G7 summit in germany, china was not in attendance + india. 4 Likes 2 Shares |
Re: Trouble As China Dumps Nigerian Crude Oil by arimahoseloka(m): 9:29pm On Jun 09, 2015 |
The united states once bought 1 million barrels of oil per day and yet Nigerians are still wallowing in poverty like this. o my country people. our leaders have really cheated us. we must rise up and do something 7 Likes |
Re: Trouble As China Dumps Nigerian Crude Oil by Sibrah: 9:31pm On Jun 09, 2015 |
AhmedMustapha:Yes, no more hand outs to pple sitting idle and moving files from desk A to desk B, People will have to go out of their way to bring something valuable to the table and not just sitting on the table. 4 Likes |
Re: Trouble As China Dumps Nigerian Crude Oil by chinae(m): 9:33pm On Jun 09, 2015 |
Oga to find tray make we dey hawk the oil around o 1 Like 1 Share |
Re: Trouble As China Dumps Nigerian Crude Oil by Nobody: 9:34pm On Jun 09, 2015 |
We seem to have been victims of US policies in the last couple of years under GEJ so why ignore China at our own peril. No matter the reasons some of us have given, i personally believe the move by China is purely political and in politics you give reasons for your actions.I think they acted in response to the new government's courtship with the west and the reason they have given is better than barring a media house from covering presidential events citing security and FAMILY reasons. When US stopped buying our crude, GEJ's government was smart enough to quickly look for new buyers so we expect APC to even do better. 1 Like |
Re: Trouble As China Dumps Nigerian Crude Oil by airsaylongcon: 9:35pm On Jun 09, 2015 |
persius555: We just let Delta Steel die cos of Oil. Funny thing is that the products manufactured by DSC are consumed by Oil industry. Shame shame shame 1 Like |
Re: Trouble As China Dumps Nigerian Crude Oil by Dollyak(f): 9:37pm On Jun 09, 2015 |
persius555:Indeed. I agree . |
Re: Trouble As China Dumps Nigerian Crude Oil by Nobody: 9:39pm On Jun 09, 2015 |
we might end up regretting why we havent descended on our leaders that have looted the nation without investing for tomorrow..oil oil oil..soon we would start drinking the oil...let us explore the oil more sef so that we use it internally to drive industrialization NO WAY.!!!...na so so thief full everybody brain...soon our oil would be like h20 to us since other countries would be opting for better sweet crude and for shale oil..imagine what we would have accomplished with oil monies since 1960... 2 Likes |
Re: Trouble As China Dumps Nigerian Crude Oil by nd07(m): 9:43pm On Jun 09, 2015 |
Acid test 4 APC. a lot of woes since inauguration, economic disaster smelling. in d just concluded World Economic Forum, foreign investors has found Ethiopia more conducive & r shifting from Nigeria with our own Dangote building a massive cement plant. time 4 human resources 2 be harnessed 4 survival & i see wise men from d east being recognized economic wise ds time. |
Re: Trouble As China Dumps Nigerian Crude Oil by Nobody: 9:43pm On Jun 09, 2015 |
arimahoseloka:i have said it that one day no one would go out to vote,rather we mob our leaders and strangle each of them right at their homes...its going to dawn on us pretty soon...this is a nation that has so much but has decided to pitch its tent solely on oil and its proceeds...desperate times calls for desperate measures...we would have no choice but to divest and explore other means of generating revenue for the country other than oil...I think at some point true federalism would be agreed by all for all of us to move forward and not starve to death... 3 Likes |
Re: Trouble As China Dumps Nigerian Crude Oil by Nobody: 9:44pm On Jun 09, 2015 |
chigoizie7: Contrary to what you've stated, i think Africa represents a much smaller though significant part of the global economy. We can't be consumers of 80% of Chinese products. 2 Likes |
Re: Trouble As China Dumps Nigerian Crude Oil by nortcentrallord(m): 9:45pm On Jun 09, 2015 |
MyPWisINCORRECT: Hahahahahahahahahahahahahahahahahahahahahahahahahah. U are so funny bro. Nicely said. 2 Likes |
Re: Trouble As China Dumps Nigerian Crude Oil by dihalao(m): 9:46pm On Jun 09, 2015 |
MugabeRobert: some people are just happy that nigeria is collapsing. cant you people just support this administration. |
Re: Trouble As China Dumps Nigerian Crude Oil by francizy(m): 9:47pm On Jun 09, 2015 |
MyPWisINCORRECT: 2 Likes 1 Share |
Re: Trouble As China Dumps Nigerian Crude Oil by persius555(m): 9:47pm On Jun 09, 2015 |
chigoizie7:China itself is a timebomb like russia pre soviet era. Its heavily dependent on africas cheap raw materials for its industries. Africa uniting against china? I dont see that happening soon. |
Re: Trouble As China Dumps Nigerian Crude Oil by chigoizie7(m): 9:48pm On Jun 09, 2015 |
Sincere4u: Ok, please tell me more, I am eager to learn. |
Re: Trouble As China Dumps Nigerian Crude Oil by nortcentrallord(m): 9:49pm On Jun 09, 2015 |
MyPWisINCORRECT: Hahahahahahahahahahahahahahahahahahahahahahahahahah. U are so funny bro. Nicely said. 1 Like |
Re: Trouble As China Dumps Nigerian Crude Oil by Nobody: 9:50pm On Jun 09, 2015 |
Hakagure:and guess what...we have the human resource to drive all our dreams...this country dey vex me ehn....delta steel has gone defunct,the textile industry dead,agriculture(though revamped during the GEJ tenure),rubber,cotton,cocao,tin etc...all dead because of oil ooooo....I think there is some juju somehwere thaat has said nigeria must incessantly be useless and not think and move forward... We can be the kings of africa in every way but here we aare struggling to even generate and use constant electricity... 4 Likes |
Re: Trouble As China Dumps Nigerian Crude Oil by kenex4ever(m): 9:53pm On Jun 09, 2015 |
AhmedMustapha:because he stopped being their puppet. |
Re: Trouble As China Dumps Nigerian Crude Oil by chigoizie7(m): 9:53pm On Jun 09, 2015 |
persius555: Damn it, we re so fucking dead, @least for d next 2-4yrs, we go suffer well well. |
Re: Trouble As China Dumps Nigerian Crude Oil by doofanc: 9:54pm On Jun 09, 2015 |
persius555: Thankfully a sensible post. I really wonder why people are trembling over China's decision. I say it without any apology, Oil has been a curse to us!! At the peak of the oil boom, when it hovered around 15o/barrel, what difference did it make? is it not for politicians to arrogate to themselves stupendous perks? or engage in unbridled stealing? let all buyers abandon us or better still let the reserves dry up. perhaps then we will be forced to get our lazy asss up, look inwards and diversify 6 Likes |
Re: Trouble As China Dumps Nigerian Crude Oil by kipesco(m): 9:55pm On Jun 09, 2015 |
Kennywills7: Yes he should do something fast as the Niger Delta Right Activists will soon block her oil and crumbling the Nigerian Economy more. |
Re: Trouble As China Dumps Nigerian Crude Oil by 400billionman: 9:55pm On Jun 09, 2015 |
atlwireles: One thing most people do not understand is business dynamics. This is world politics and economy. China cannot be busy keeping your economy running by helping buying off your crude and you are busy gallivanting with their biggest competitor USA snapping selfies that do not benefit your economy by one dollar. A reason has to be put up simply. GEJ major sin is not being a USA and Britain ass licker like OBJ and puppet Buhari. Nigerians will soon find out. 2 Likes |
Re: Trouble As China Dumps Nigerian Crude Oil by AhmedMustapha(m): 9:56pm On Jun 09, 2015 |
kenex4ever:And the electorates never knew this? |
Re: Trouble As China Dumps Nigerian Crude Oil by Dollyak(f): 9:57pm On Jun 09, 2015 |
arimahoseloka:I am loving the fact we might have to learn the hard way. When a few of us kept telling most nigerians to open their eyes to the wastefulness of politicians they didn't listen. Now poverty should force them to. 5 Likes |
Re: Trouble As China Dumps Nigerian Crude Oil by appini: 9:57pm On Jun 09, 2015 |
Anyi3: Do you believe china just discovered that our oil is light crude? Forgiveness is a sin in china. |
Re: Trouble As China Dumps Nigerian Crude Oil by kenex4ever(m): 9:59pm On Jun 09, 2015 |
MugabeRobert:now, it's now his oil but na ur fellows get all d oil blocks. |
Re: Trouble As China Dumps Nigerian Crude Oil by Hero10001: 10:00pm On Jun 09, 2015 |
chronique:sai baba |
Re: Trouble As China Dumps Nigerian Crude Oil by Kennywills7(m): 10:00pm On Jun 09, 2015 |
zoelife:My dear that's the big question! I just hope and pray for the best |
Re: Trouble As China Dumps Nigerian Crude Oil by kenex4ever(m): 10:01pm On Jun 09, 2015 |
AhmedMustapha:how will they know when they are deep rooted in tribalism and hate. |
Re: Trouble As China Dumps Nigerian Crude Oil by Kennywills7(m): 10:02pm On Jun 09, 2015 |
kipesco:Bros take am easy, nor go threaten d old man with dis one o abi u wan kill am? btwn am from d Niger Delta |
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