bushdoc9919:
Thanks Saudi Arabia....see what you have done.

Trying to force the Americans out of the oil business.....by overproducing.

Nigeria should get off oil.

Modified: I see some PDP slaves blaming APC. Make I laff at them.

This is not a defence of APC....for once.Just stating facts.

1.The USA is now buying 3% of our oil...thanks to the production of shale oil.

2.Saudi Arabia is overproducing...so as to force the oil prices down....and force those shale oil companies out of business.

3.As a result...oil fell from $123 in June 2014 to $65 now.

4.Nigeria is not earning enough forex from oil.

5.Our Naira falls in value due to lack of forex.

6.Therefore...Nigeria must diversify from oil....and become industrial.

7.Nothing to do with Buhari. Everything to do with PDP and their corrupt ways for the last 16 years...with nothing left for education and innvoation. Also...our lazy state governors who prefer overspending oil money to innovative economic development.

You can blame Buhari if after two years....Nigeria is still oil dependent.

danjumakolo:


I knew GEJ govt traded oil barrel for $120 for over 6 years.This should have brought an unprecedented reserve swell.We are not even talking of the primary excess crude acct which should have risen because of the $120 sale of barrel.But I gez you knw he spent the whole eca and nothing left.If we had saved enough all these years,this won't have arise

muscoliscious:
Am sure you saw the new jamb cut off mark? Buhari banned the students union and that of the doctors then,what makes u think education will improve where an illiterate is the leader,have you slept since one year now or have you been drunk since one year now?

holytribe:
God will see us through this tussle. Yet, am a patriotic Nigerian and I love my country

Obijulius:
obijulis is the epitome of Cluelessness.

Only a Dullar_d will support the old fool. A man who promised to stabilise the international price of crude oil.

Nigeria is in its final days.

bushdoc9919:


Off topic again

1.JAMB is no longer important like it used to be. Even if you score 300 in jamb...so long as you fail post utme...no university would look at you.Even JAMB knows that.

2.The ban on unions was during military rule...when there was no Constitution remember? Now...we have one. And Buhari cannot ban any union....he has to go to court...or pass a law...not easy under democracy.(And if he tries...impeachment...which is possible now that the NA is not a rubber stamp).

3,I do not drink alcohol of any kind.

bushdoc9919:
Thanks Saudi Arabia....see what you have done.

Trying to force the Americans out of the oil business.....by overproducing.

Nigeria should get off oil.

Modified: I see some PDP slaves blaming APC. Make I laff at them.

This is not a defence of APC....for once.Just stating facts.

1.The USA is now buying 3% of our oil...thanks to the production of shale oil.

2.Saudi Arabia is overproducing...so as to force the oil prices down....and force those shale oil companies out of business.

3.As a result...oil fell from $123 in June 2014 to $65 now.

4.Nigeria is not earning enough forex from oil.

5.Our Naira falls in value due to lack of forex.

6.Therefore...Nigeria must diversify from oil....and become industrial.

7.Nothing to do with Buhari. Everything to do with PDP and their corrupt ways for the last 16 years...with nothing left for education and innvoation. Also...our lazy state governors who prefer overspending oil money to innovative economic development.

You can blame Buhari if after two years....Nigeria is still oil dependent.

MuguliciousMUGU:

http://www.punchng.com/business/money/naira-drops-to-242-5-against-dollar/

ldpele:
guilty conscience called your attention right? Going by the above outline, u blamed PDP and down the list, u blamed the governors, and the last I checked, PDP didn't wasn't in charge of the 36 states, u high time u call a spade a spade. APC is now in charge, and anything that comes out of these period, either good or bad, must be ascribed to them, just in case u av forgotten.

bushdoc9919:
Thanks Saudi Arabia....see what you have done.

Trying to force the Americans out of the oil business.....by overproducing.

Nigeria should get off oil.

Modified: I see some PDP slaves blaming APC. Make I laff at them.

This is not a defence of APC....for once.Just stating facts.

1.The USA is now buying 3% of our oil...thanks to the production of shale oil.

2.Saudi Arabia is overproducing...so as to force the oil prices down....and force those shale oil companies out of business.

3.As a result...oil fell from $123 in June 2014 to $65 now.

4.Nigeria is not earning enough forex from oil.

5.Our Naira falls in value due to lack of forex.

6.Therefore...Nigeria must diversify from oil....and become industrial.

7.Nothing to do with Buhari. Everything to do with PDP and their corrupt ways for the last 16 years...with nothing left for education and innvoation. Also...our lazy state governors who prefer overspending oil money to innovative economic development.

You can blame Buhari if after two years....Nigeria is still oil dependent.

obailala:


[size=13pt]Very dull brains everywhere... Even an idiott knows the steady decline of the naira is due to the previous administration's financial recklessness before the eventual drop in oil prices... It will take a long while before this trend balances and reverses. [/size]

bushdoc9919:
s your point Mr

If PDP had developed the power sector...instead of decieving us from OBJ to GEJ....we won't be here.

I am watching APC. I also know 2 months cannot repair 16 years of mess.

After all...when we criticsed PDP when they were in power....you people told us they were working. Well...we see the effect of their work. An oil dependent economy by May 29....with a naira that fell from 114 to the dollar to 180 to the dollar

APC should work hard....and should start talking industries...but this is PDP's mess

bushdoc9919:


If PDP had developed the power sector...instead of decieving us from OBJ to GEJ....we won't be here.

I am watching APC. I also know 2 months cannot repair 16 years of mess.

After all...when we criticsed PDP when they were in power....you people told us they were working. Well...we see the effect of their work. An oil dependent economy by May 29....with a naira that fell from 114 to the dollar to 180 to the dollar

APC should work hard....and should start talking industries...but this is PDP's mess

erico2k2:

Nah lie, we must blame the govt of the day PMB, cos the situation was the same for GEJ but you guys where blinded by tribalism etc and called him clueless when we tried to use same defense you have now to explain the reason for the economic hardship we where about to face, So how market today

erico2k2:

but APC are already praising PMB for developing teh power sector plus the TAM on the refinery for just two months what

obailala:


[size=13pt]Very dull brains everywhere... Even an idiott knows the steady decline of the naira is due to the previous administration's financial recklessness before the eventual drop in oil prices... It will take a long while before this trend balances and reverses. [/size]

MuguliciousMUGU:

http://www.punchng.com/business/money/naira-drops-to-242-5-against-dollar/

danjumakolo:
Fed gvt cannot fund the demand by the bidders to import goods or to send dollars to import raw materials.

The reason is simply the unimaginable dipping of the foreign reserve from over $80b to $29b by GEJ administration.

Let's give GMB the coming years to build the reserve and repair refineries to stop demand of dollars to import refined crude.

lordimpaq:
Nobody is still reading this post well....its black market that is 242.5 not official rate. official rate is 199.

lordimpaq:
@lomprico
No sir.

http://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=NGN

just read above.

lomprico:

Leave what google tells u n go to d bank n find out. Xe.com has put a dollar to 199 naira for about 2 months now.

nkpommpko:
in 1month, after badluck messed the economy, I have never insulted any body in this forum, but I need to tell you that you are the young fool soon to be old so your grandchildren will call you an old grand fool. You are punish already since you have no respect. Fool.

Ioannes:

Kindly pick your brain from the waste bin where you dumped it. thanks.