₦airaland Forum

rozayx5:
autopilot govt

matinex:
but, why is everything about Nigeria dropping since the inception of this government?

axtpleasure:
Maybe d dulladino should sell the country to another President who can manage it. Becos it seems he doesn't know
what to do.

Rawani:
The Ekpas are gradually losing it...now blaming Buhari for the fall in oil price and the expected effect on oil sales.

Instead of them to hide their heads in shame for supporting a man that wasted our oil revenue when prices were above $100 per barrel, they're here fooling themselves by expecting oil sales to not fall along with oil prices that are now less than $40 per barrel.

Shift and get some sense.

Rawani:
The Ekpas are gradually losing it...now blaming Buhari for the fall in oil price and the expected effect on oil sales.

Instead of them to hide their heads in shame for supporting a man that wasted our oil revenue when prices were above $100 per barrel, they're here fooling themselves by expecting oil sales to not fall along with oil prices that are now less than $40 per barrel.

Shift and get some sense.

matinex:
but, why is everything about Nigeria dropping since the inception of this government?

ShowYourCertificate:
So are you now saying that Nigeria is doomed because "a man wasted our oil revenue"? Someone said we are running an autopilot kind of government. I think he's right.

onatisi:
[s]this us your second time of repeating the same post without even having the ability to add something new,were you born daft or deranged?? How can u be repeating the same words like a moronic robot. Even buhari cows change sound and tone all the Tim [/s]

Rawani:
Nigeria is in its current economic state because Jonathan wasted our oil revenue, oil price boom, and foreign reserves.

Take that to the bank.

preetyb:
I don't still understand what this govt is up to, is it that they want this country to be worth nothing before they start thinking and acting or what?
O God Save Nigeria!!

Segadem:
....to me thus is good news in disguise,it will make our leader to diversifying our economy, over dependence of one commodity is killing us as a nation.

CrazyMan:
Crude oil is sold on the international market for less than $40 per barrel. Therefore it would be myopic to rely on that to run the economy considering the fact that we've lost most of our top customers.

What the buhari administration should do is to get our refineries running, and even build more. Yes you heard me right...!!! We need to build more refineries. The money recovered from the last administration should be enough to to do that.

Let's discard this mentality of looking for foreign buyers for our crude when the larger percentage of our population are crying daily for refined products.

Let's refine this crude here in Nigeria, consume it locally and sell some to Neighboring African countries.

I'm sure that the money the government would make from the local consumption of the refined crude oil products would surpass what we were likely to make if we sold it as raw crude. And it should be enough to finance the country's budget if managed properly.

CrazyMan:
Crude oil is sold on the international market for less than $40 per barrel. Therefore it would be myopic to rely on that to run the economy considering the fact that we've lost most of our top customers.

What the buhari administration should do is to get our refineries running, and even build more. Yes you heard me right...!!! We need to build more refineries. The money recovered from the last administration should be enough to to do that.

Let's discard this mentality of looking for foreign buyers for our crude when the larger percentage of our population are crying daily for refined products.

Let's refine this crude here in Nigeria, consume it locally and sell some to Neighboring African countries.

I'm sure that the money the government would make from the local consumption of the refined crude oil products would surpass what we were likely to make if we sold it as raw crude. And it should be enough to finance the country's budget if managed properly.

preetyb:
I don't still understand what this govt is up to, is it that they want this country to be worth nothing before they start thinking and acting or what?
O God Save Nigeria!!

obailala:
My God, are you guys who make these comments even educated at all or are you bus conductors with android phones?... Or are you just joking with this your comments or is this you actually being serious?

UlqU3:
You seem unintelligent. How is it APC's fault that the GLOBAL cost of oil has been dropping SINCE LAST YEAR? Read a book today.

obailala:
Is the government responsible for fall in oil prices to $35?

Is the government responsible for excess supply of oil in the international market thereby making it difficult to sell Nigerian crude?

My God, are you guys who make these comments even educated at all or are you bus conductors with android phones?... Or are you just joking with this your comments or is this you actually being serious?

Boss13:
Oil prices will never get to $100 per barrel except there is war or conflict in the Middle East. There are more suppliers now and change in consumer preference to alternative energy.

Our country, unfortunately is not an innovative one. It may suffer consequences in the future for not thinking properly and for wasting its reserves.

Rawani:
Nigeria is in its current economic state because Jonathan wasted our oil revenue, oil price boom, and foreign reserves.

Take that to the bank.

Rawani:
The possible answer is in heavily industrialised agriculture, and effective exploitation of our solid mineral resources (including domestic processing for export). Oil is clearly not sustainable any longer.

Cc: Izonowei

GenOrumov:
You have spoken well and I hope the government can think in that direction but It seems you are not getting some things correctly.

1. Are you aware that a refinery costs in the region of $2.5b upward to build? Do we even know how much has been recovered by this government that you say it should be enough to build "more refineries"? Since oil prices have reduced but the cost of building a refinery won't reduce, won't it be a bad investment decision if the govt goes ahead to build new refineries when it won't make the expected profit margin?

As it is, government should hands off building new refineries but invite private investors to do that.

GenOrumov:
2. As it is, running a mono-economy (especially when its even crude oil) in this age will never be able to finance our budget.

ShowYourCertificate:
Is your dullard president aware of this? What is he currently doing in that regard. If oil is not sustainable why is he still budgeting money for crude oil exploration in lake chad? Is that cluelessness?

ShowYourCertificate:
What's the essence of Buhari's government then? This government is in autopilot. Very directionless.

Segadem:
....to me thus is good news in disguise,it will make our leader to diversifying our economy, over dependence of one commodity is killing us as a nation.