₦airaland Forum

[quote author=ydass post=35908791]Does Nigeria have an Economy







Thank u bro, ask them.

misterh:
It's obvious you didn't comprehend the post. Iran has been under ecnomic sanctions for all these years. So even though they have that much oil, the sanctions prevented them from selling to buyers.

yes you are right, and that sanction is just a smoked screen,the US are afraid of their defence growth in the past 20yrs and that's a way to hold down an upcoming rival,but Iran still managed to survive in isolation in fact,they are so obsessed with security that they haven't cut their defence budget for the past century,no matter how inflated their economy might get.......bottom line is the US uplifted their ban and gave them aid as a smokesscreen to impair their communist inspired economy.......so see this as a form of allied bribery

Pp

ydass:
Does Nigeria have an Economy

no they don't, a nation with people like u is not an economy

nijanigga:
I told Nigerians last year that oil will soon become useless,it's coming,when all those oil companies abandon Niger-delta, that land will be a wasteland.

Prophet of doom, ride on! Oil cannot become useless. The game here is oil lost ground because of its price instability in the last few decade and options like solar power, wind tech, even shale oil became very competitive. Should oil price drop further. These so called options will lose out, as it will be cheaper to continue using oil. So those who sell oil will keep selling, there might be slight changes in market dynamics but the players wont lose much. The 'index' likely to suffer most is 'contribution to revenue which for Nigeria is about 80%'!
We are shouting, not because money wont come from oil but because it would not be enough to satisfy the appetite we have developed for oil money

I don't believe Irans Nuclear deal should be a problem with Nigeria's economy....until recently dt Mexico decided to invite foreign companies, it was not selling its oil. Its oil was exclusively for use in mexico and they were still doing well in terms of economy.... Now look at Nigeria..the price of an ounce of gold almost times 10 the price of a barrel of oil, what about tin, coal, aluminum, and other solid minirals we have.. Then also the unlimited agricultural potentials mscheww if not for corruption sef, Iran should not even be our mate. We can even decide to give our oil out to the likes of Haiti, nepal etc for free sef what's in oil when we have other more valuable solid minerals.... Abegi no cause for alarm let's just go back to the drawing tables and plan simple.

Born2eatPussy:
[size=20pt]BUHARI[/size]is bent on destroying our once peaceful & lovely country
[color=#000000]I told my people not to vote for Buhari but they eventually did, now they are crying like a girl having menstrual pain[/color]

[size=20pt]Let's suffer this together so that next time we go get sense[/size]

Some people can be daft. This guy is talking like Nigeria was a land of Eldorado before Buhari took over. The County was a cesspool before his presidency. Nigerians have a serious condition called SELECTIVE AMNESIA.

madenigga:
They were not actually selling because of sanctions and d war on their country.

Which war in their country? Where have u been reading ur news from? Or are u mistaking Iran as Iraq? Iran has not fight any war for many many many years. Its a peaceful country, they only have sanction problem cos the nuclear issue ish

exxell:
I STARTED PROPHESYING THE FALL OF NIGERIA LONG TIME AGO! THAT IS WHY GOD CREATED ME! ANYTHING TO MAKE THE ZOO FALL IS MOST WELCOMED BY HEAVENS!

Hahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaha

NAIRALANDERS, UNA NEED TO SEE ME LAUGHING NOW!

WHEN GOD WANTS TO DESTROY A NATION, HE MAKES THEM DEAF TO THE CRIES OF THE DOWN TRODDEN

This particular news reminded about Psalm 126:

When the Lord delivered Biafra from bondage,
it seemed like a dream.
Then was our mouth filled with laughter,
on our lips there were songs.

The Almajiris themselves said: “What marvels
the Lord worked for them!”
What marvels the Lord worked for us!
Indeed we were glad.

Deliver us, O Lord, from our enemies: Nigeria
as streams in dry land.
Those who are sowing in tears
will sing when they reap.

They go out, they go out, full of tears,
carrying seed for the sowing:
they come back, they come back, full of song,
carrying their sheaves.

Your foolishness knows no bounds. You will end up dead on the streets of Biafra like your forefathers. Use your head. Stop prophesying doom into your own existence. stupid boy

grandstar:
If OPEC does its job, there will be no problem.

If member states decide to cut production to offset the increase in Iranian production, it will create an equilibrium.

Unless if Saudi Arabia refuses to cooperate so as to bankrupt US shale producers

You are being too optimistic.

OPEC's era is over. Everybody and his aunt produces oil now.

Add the fact that the Americans are close to becoming self sufficient in oil....

Nigeria must get off oil

grandstar:
If OPEC does its job, there will be no problem.

If member states decide to cut production to offset the increase in Iranian production, it will create an equilibrium.

Unless if Saudi Arabia refuses to cooperate so as to bankrupt US shale producers

I think bankrupting shale producers still remain a priority to them as long as prices stay above 50.

sanmibukunmi:
I don't believe Irans Nuclear deal should be a problem with Nigeria's economy....until recently dt Mexico decided to invite foreign companies, it was not selling its oil. Its oil was exclusively for use in mexico and they were still doing well in terms of economy.... Now look at Nigeria..the price of an ounce of gold almost times 10 the price of a barrel of oil, what about tin, coal, aluminum, and other solid minirals we have.. Then also the unlimited agricultural potentials mscheww if not for corruption sef, Iran should not even be our mate. We can even decide to give our oil out to the likes of Haiti, nepal etc for free sef what's in oil when we have other more valuable solid minerals.... Abegi no cause for alarm let's just go back to the drawing tables and plan simple.

1.We should go into solid minerals.....but that is another form of resource dependency. And prices fall well well....eg Copper.(Ask Zambia how copper mining has helped them).

2.Agric is not as profitable as it once was.Yes...we earned a lot in the 1960's...when we could rely on the UK to buy our products. No longer.And Nigeria really needs to modernize our agric.

3.Giving oil for free=economic mess.

4.Nigeria needs to industrialize.

must everything be oil? why cant Nigerians think something else? tufiakwa!

K

We had enough time to make hay while the sun was shining but instead our politicians and officials were busy embezzling the profits instead of investing it for days like today

bushdoc9919:
You are being too optimistic.

OPEC's era is over. Everybody and his aunt produces oil now.

Add the fact that the Americans are close to becoming self sufficient in oil....

Nigeria must get off oil

You are right. Its gradually winding down.

I think the long term commodities boom spurred by China's blazing growth led to an increase in capacity not only from OPEC producers but most importantly from outside the bloc.

exxell:
I STARTED PROPHESYING THE FALL OF NIGERIA LONG TIME AGO! THAT IS WHY GOD CREATED ME! ANYTHING TO MAKE THE ZOO FALL IS MOST WELCOMED BY HEAVENS!

Hahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaha

NAIRALANDERS, UNA NEED TO SEE ME LAUGHING NOW!

WHEN GOD WANTS TO DESTROY A NATION, HE MAKES THEM DEAF TO THE CRIES OF THE DOWN TRODDEN

This particular news reminded about Psalm 126:

When the Lord delivered Biafra from bondage,
it seemed like a dream.
Then was our mouth filled with laughter,
on our lips there were songs.

The Almajiris themselves said: “What marvels
the Lord worked for them!”
What marvels the Lord worked for us!
Indeed we were glad.

Deliver us, O Lord, from our enemies: Nigeria
as streams in dry land.
Those who are sowing in tears
will sing when they reap.

They go out, they go out, full of tears,
carrying seed for the sowing:
they come back, they come back, full of song,
carrying their sheaves.

i hate Biafra

Born2eatPussy:
[size=20pt]BUHARI[/size]is bent on destroying our once peaceful & lovely country
[color=#000000]I told my people not to vote for Buhari but they eventually did, now they are crying like a girl having menstrual pain[/color]

[size=20pt]Let's suffer this together so that next time we go get sense[/size]

Now go back and read with your brain and not anus

Now that iran aint a major playa in the oil and finance sector globally due to sanctions and nigeria is,is nigeria better off at present, in terms of cost and standard of living,than iran?

[center][/center]

Born2eatPussy:
[size=20pt]BUHARI[/size]is bent on destroying our once peaceful & lovely country
[color=#000000]I told my people not to vote for Buhari but they eventually did, now they are crying like a girl having menstrual pain[/color]

[size=20pt]Let's suffer this together so that next time we go get sense[/size]

You will never have sense in your life. You should be very much disappointed that the man you didnt vote for actually won and is now your president. May you continue in this depression and pain till the next eight.

omojoshy:
Enough of all this propaganda, this is my Field/Discipline and I could prove the writer of this Topic wrong.


1, Nigeria produces far above 2.0 million barrels of Crude Oil daily. Why? We don't have accurate measuring system connected to our various Well Heads. Therefore, we don't get accurate readings.

2, The moment Production Tubing is ran and Completion finishes on a New Well. The so called Operator/Producing Company kick-start Crude Oil production even when the DPR is yet to give a green light to that effect

3, The measuring meters works like the Downstream (Fuel Filling Stations) where one could adjust the meters at will

4, The FPSO vessels loading and discharge Crude Oil without proper monitoring. This gives way to foul-play

5, The amount of Cubic Natural Gas being Flared daily in 2014 ALONE was estimated at $140 billion. This amount alone could make huge impact on our Economy.

6, The list is endless


Let's put our ass together, do what is right and make the system work.

If Saudi could produce 10 million barrels daily, Nigeria should be able to hit 5 million.

Iran is NEVER a threat to Nigeria.

From the start of your post I was expecting a concrete info to counter the OP's opinion since u claimed it is ur field but seriously I'm highly disappointed.
You suceeded in sayin c.rap. You just quoted unrelated phrases from one of your text books which I tink is the effect of oshogbo weed.

Bro..please stop SMOKING

There is no void once u remove Goodluck, u get Badluck.

grandstar:
If OPEC does its job, there will be no problem.

If member states decide to cut production to offset the increase in Iranian production, it will create an equilibrium.

Unless if Saudi Arabia refuses to cooperate so as to bankrupt US shale producers

Saudi's refusal is based on conspiracy to "steal" America's shale engineers which they have started anyway and luring them with far more juicy offers. They are currently employing them--thus a likely exodus will ensue. Smart if you ask me.

misterh:
It's obvious you didn't comprehend the post. Iran has been under ecnomic sanctions for all these years. So even though they have that much oil, the sanctions prevented them from selling to buyers.

Iran came under severe economic sanctions only recently, during the tenure of Ahmadinejad. Oil was discovered there very much earlier in the 20th century. What they were doing with the proceeds from the sale of oil before the sanctions came is what eludes me. Countries like UAE and Catar have obviously surpassed them in infrastructural development.

omojoshy:
Enough of all this propaganda, this is my Field/Discipline and I could prove the writer of this Topic wrong.


1, Nigeria produces far above 2.0 million barrels of Crude Oil daily. Why? We don't have accurate measuring system connected to our various Well Heads. Therefore, we don't get accurate readings.

2, The moment Production Tubing is ran and Completion finishes on a New Well. The so called Operator/Producing Company kick-start Crude Oil production even when the DPR is yet to give a green light to that effect

3, The measuring meters works like the Downstream (Fuel Filling Stations) where one could adjust the meters at will

4, The FPSO vessels loading and discharge Crude Oil without proper monitoring. This gives way to foul-play

5, The amount of Cubic Natural Gas being Flared daily in 2014 ALONE was estimated at $140 billion. This amount alone could make huge impact on our Economy.

6, The list is endless


Let's put our ass together, do what is right and make the system work.

If Saudi could produce 10 million barrels daily, Nigeria should be able to hit 5 million.

Iran is NEVER a threat to Nigeria.

Hello Sir, I sent you a PM.

2sex:
Saudi's refusal is based on conspiracy to "steal" America's shale engineers which they have started anyway and luring them with far more juicy offers. They are currently employing them--thus a likely exodus will ensue. Smart if you ask me.

They must be paying them a bomb.

American expats are extremely expensive to hire because the US taxes global income not just that earned on American soil. Its one of the five countries that do this. That means that after paying local tax in Saudi (I heard expats are taxed), they are still subjected to American taxes.

So American expats need to be paid higher than normal to lure them away from the US.

Buhari's magic wand will never allow such happen! Just a swipe from him and Nigeria will become the favorites for the deal..

grandstar:
They must be paying them a bomb.

American expats extremely expensive to hire because the US taxes global income not just that earned on American soil. Its one of the five countries that do this. That means that after paying local tax in Saudi (I heard expats are taxed), they are still subjected to American taxes.

So American expats need to be paid higher than normal to lure them away from the US.

hmmm...But I thought Saudi and most of the arab kingdom are tax free?

mr op! If iran survived all diz years wit dia small size of oil market share, trust me naija will very well survive n incase u don't know it, naija's economy may be shaken n battered bt it can never be destroyed. U have no idea d amount of shit we can witstand n tolorate, america say we no go survive 2015 e no work, hehehehehe ur mumucious analysis too no go work.

Buhari's sins of the 80s is coming back to hunt us. Imagine if Buhari had strived to ensure that Shehu Shagari's efforts in form of Ajaokuta steel company didn't go to the dogs, we would have been the biggest producer of steel in Africa. I pray the Iranian's oil overflow so that we can be more sensible and embrace our true calling..

I have always told ppl that nigeria political and economic problems can only be solved if our oil dries up or just vanishes. The over dependency on oil revenue is the major problem we have. Govs know that even if they do nothing ,at the end of every 30days they will received mooney from the fg, but if there is no oil revenue and they have to generate the funds from their states then they will sit up. Government will become less attractive for politicians,the truth is both pdp and apc members in the senate and house are all there in abuja because of the money involved,ppl go into politics because of the money they will loot , but if this isn't there and u know u have to work tirelessly just in order to loot ,many corrupt ppl will shun politics and at the end of the day only credible ppl will remain