The Saudi-arabia - Iran Row And Nigeria's Budget - Politics - Nairaland
Nairaland Forum › Nairaland General › Politics › The Saudi-arabia - Iran Row And Nigeria's Budget (763 Views)
| The Saudi-arabia - Iran Row And Nigeria's Budget by chidibond(op): 7:44am On Jan 05, 2016 |
It is no news that there has been escalating tension between the Saudis and the Iranians over the execution of some suspected terrorists. News outlets have been reporting since yesterday, a rally in oil prices as a result of these developments. MY TAKE I believe that Nigeria being a prominent OPEC member can benefit a lot from this current row. Considering the budget was premised on a benchmark of 36/37 USD PB, increased oil prices can help us fund our bloated budget deficit. Conclusively, If not for the attendant loss of lives, an escalation of the Middle East crisis should be welcomed by Nigerians. NB: don't crucify me, war mongering around the world built most developed capitalist economies. CC: lalasticlala 1 Like |
| Re: The Saudi-arabia - Iran Row And Nigeria's Budget by tos4u(m): 7:51am On Jan 05, 2016 |
Farming, farming and farming |
| Re: The Saudi-arabia - Iran Row And Nigeria's Budget by DjAndroid: 7:52am On Jan 05, 2016 |
That is if Nigeria is left out of the row. Remember Iran has not forgotten the killing of the Shiites in Nigeria. Moreover, I don't think Nigeria can rise up again with oil alone. |
| Re: The Saudi-arabia - Iran Row And Nigeria's Budget by chidibond(op): 8:07am On Jan 05, 2016 |
DjAndroid:it may be correct that less than 30% of the budget will be financed by oil sales. However there's no doubt the positive impact an increase in oil prices will have on our foreign reserves. 1 Like |
| Re: The Saudi-arabia - Iran Row And Nigeria's Budget by mysteriousman(m): 8:08am On Jan 05, 2016 |
May everything good come the way of my dear country. Amen |
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