Goke7:


and you think Nigeria can't hit back, no nation is an island to itself even the great America needs Nigeria

You can ask Iran what happened to them between 2013 and now, Right now
crude oil exporting nations need buyers not the other way round and sheer
rhetorics of "we are strong" doesn't serve any purpose.

Even chinese economy is also shrinking meaning less import of crude oil.

Result is more important than ego.

macklef:

I laugh.
Its either ypu are very rich and selfish
Or you are poor and displaying a low sense of reasoning.

U dont understand what this will adversely cause, hardship.
Am sure uld be happy seing people loose dier jobs n go hungry bah?

Its one thing to wish we can diversify our economy its anoda to see evil n call it good develipment

Loool, shebi we are already witnessing the hardship..... Talking about "low sense of reasoning"...
Google
Economy of Switzerland or Egypt and also Google economy of Nigeria compare the GDP, revenue, GDP per capita and foreign reservers.....

We have a meagre revenue of $20b 90% from oil...
Do you have an idea of how many trailers of rice produced by the Indians and Pakistanis that enters through Cotonou every week. We can't produce ordinary rice sufficient for 50% of our population.

In mambilla plateau, Blue sapphire is being mined illegally and sold to foreigners at a ridiculously cheap price do you know how much revenue we can get from that?
Google Resource curse

For over 50years, we've depended on oil and we're still suffering the only way we can leave oil alone and look at other things is when the oil becomes worthless to us...

poiZon:








n who will it affect d most?
south africa is more viable than nigeria now esp that oil is now worthless. the best thing to do is reestablish that link that is missing btw both nations.

The south african economy has also suffered. Bilateral trade is not synonymous with a gift. Our oil is being sold, they are no dashing us money. If they feel iran suits them better then goodluck with that. But iran is not and will never be a member of opec. We shall see how far they can go with iran

mtn fine can fund the budget! I wander why this govt d dull. did I hear somebody say Nigeria needs south Africa more than they need us Dstv and mtn comes to mind.

Day of reckoning.

When God smiled on nigeria with abundant money from oil, but nigerian "leaders" were too out of sense to know what to do with the money.

MansaMoussa:
Nonsense!
We can boost the domestic market in Africa For our oil.
Secure a low interest loan from China and build a west Africa gas pipeline extending all the way to Gambia...then sell at rock bottom price, govt to govt..
Russia did it in Europe...we can do it

See your mouth
Compering Nigeria with Russia

asadike:
This is just the beggining. I weep for dis country

weep ko,cry ni. U don weep for yourself.

shizzy7:
Loool, shebi we are already witnessing the hardship..... Talking about "low sense of reasoning"...
Google
Economy of Switzerland or Egypt and also Google economy of Nigeria compare the GDP, revenue, GDP per capita and foreign reservers.....

We have a meagre revenue of $20b 90% from oil...
Do you have an idea of how many trailers of rice produced by the Indians and Pakistanis that enters through Cotonou every week. We can't produce ordinary rice sufficient for 50% of our population.

In mambilla plateau, Blue sapphire is being mined illegally and sold to foreigners at a ridiculously cheap price do you know how much revenue we can get from that?
Google Resource curse

For over 50years, we've depended on oil and we're still suffering the only way we can leave oil alone and look at other things is when the oil becomes worthless to us...

U still dont get my pointt, im aware of how shallow our leaders are.
What am saying is, just because a child disobeyed u br crosing d road dos not mean
U should laugh at him if he gets hit by a car.
If we cant sell our oil, we are being hit by a car and we all will bear d consequences
Just as u may have to foot d child medical bills. So ders no good development about it.

Ur very pretty by the way. Luscious lips

emmykk:
By 2019 Nigerian will look back at the 4yrs between 2015-2019 and come to the conclusion that it was a wasted years.

We have dump a win formula in Gej for buhari the missing billion finder while the economy perish.

You want to fine MTN
you want Militant to account for billions.
You are causing artificial problem in the forex market.
You are forcing APC on states that are die hard PDP.
You are making imported goods expensive because of your policies.
You are editing and doctoring budget.
The money that buhari didnt make in 1984 he want to make it now.

Kikikikiki u this party guys are dumb no be small What's the diff BTW GEj and Buhari.Dumb government dumb masses

Buhari has destroyed relations with SA. Something the accused GEJ of doing... well guess what?
Carma is a bi@ch

allthingsgood:


The south african economy has also suffered. Bilateral trade is not synonymous with a gift. Our oil is being sold, they are no dashing us money. If they feel iran suits them better then goodluck with that. But iran is not and will never be a member of opec. We shall see how far they can go with iran

what has Opec done differently. It should not be about OPEC and non OPEC now. It should be about every oil producing country. OPEC should change its name to OPPC. Organisation of petroleum producing countries so as to protect everyone's interest. We won't have this fight of. Market share. Everyone would have his share which regulates demand and supply.

majekdom2:
weep ko,cry ni. U don weep for yourself.

not yet, i will do dat after mourning u

Who will want to do business with a country that choose an old illiterate fool who can't communicate properly to them?

[color=#006600][/color]

SignalNG1:



http://www.vanguardngr.com/2016/01/iran-south-africa-to-stop-fuel-imports-from-nigeria/

That is what a mono-ecomic nation suffers. It is high time we diversified our economy

CJ2000:
Everybody is just saying agriculture as if you can enter farm if you are asked to. no matter how FG empower farmers they can never generate revenue for the budget of this large country.

After all Hausa farming never added any thing to FG revenue only based on subsistence farming but FG support them every year with huge amount and mechanization

It's not ONLY about adding revenue to Nigerian Govt, however, it's a source of FOREX for Nigeria. Take for instance, if Nigeria is sufficient in crop (rice farming), majority won't have the need to eat imported rice (assuming the local rice is cleaned and packaged properly). Neighboring countries like Niger, Chad, Benin, Cameroon, etc won't have to import rice whereas trailers can deliver same day. As for Hausa farming, yet it has added to Nigerian revenue (customs export taxes/duty) just that it isn't substantial. Mechanization is what's required and that has been the focus of GEJ's administration.

So what? If we stop patronizing MTN, DSTV and Stanbic IBTC...they will start counting their loses. We can buy our oil no wahala. We have over 40 different solid minerals in commercial quantities and unquantifiable hectares of land for agricultural production. We are the best....Nigeria we trust...our fatherland.

South Africa had always bought oil from Iran. Iran's sanctions made SA to turn to Nigeria as a stop-gap measure. We always knew it would be back to status quo ante once Iran's sanctions were lifted.

MansaMoussa:
Nonsense!
We can boost the domestic market in Africa For our oil.
Secure a low interest loan from China and build a west Africa gas pipeline extending all the way to Gambia...then sell at rock bottom price, govt to govt..
Russia did it in Europe...we can do it

This is a fine idea but will we do it

Too many kids on NL, as much as I want MTN to pay their fine (although reduced fine), this has absolutely NOTHING to do with MTN. If Nigerians like, they can pursue MTN, Shoprite and other businesses out of Nigeria, it is Nigeria's image that will be battered, NOT SA. More unemployed people added back into the workforce, reduced source of revenue for both state and federal govt unless there's a major competitor willing to absorb the difference. Rather than waging an economic sabotage against SA (knowing fully well Nigeria would not win), it only makes sense that Nigeria buckles up within and fix her problem before embarking on trade war.

barcaboi:
let's boycott shoprite and mtn and let's see who suffers

Nigeria will suffer most. Mtn and shop rite are private south African companies ,while this issue is about Nigeria as a nation losing her customer ,if we lose outlr customers and buyers how will the dullard fund the budget he presented or withdrew or is preparing The whole budget thing is even too confusing sef. Such a confused set of ppl in power

MansaMoussa:
Nonsense!
We can boost the domestic market in Africa For our oil.
Secure a low interest loan from China and build a west Africa gas pipeline extending all the way to Gambia...then sell at rock bottom price, govt to govt..
Russia did it in Europe...we can do it

Good thinking!

The South Africans might be thinking only of deals that are most expedient for them; we can't conclude, albeit hastily, that S.A is trying to victimise Nigeria. It's already on record that they had bilateral relations and trade agreements prior to engaging Nigeria.

Anyway, MTN must pay dat fine!

MansaMoussa:
Nonsense!
We can boost the domestic market in Africa For our oil.
Secure a low interest loan from China and build a west Africa gas pipeline extending all the way to Gambia...then sell at rock bottom price, govt to govt..
Russia did it in Europe...we can do it

Greedy politicians wont let this ever happen

Hummmmm.. Change indeed.. Say Capital NO to mtn

.

South Africa and their stupid rivalry complex. We Nigerians don't care. We have better things to do. Makes no sense to stop buying Nigerian oil and replace it with Iran oil that will cost more to ship to them. Oil price will reach a bottom. How much does it cost to produce one barrel of oil?
Oil fields will start to shut down. Shale oil will go bankrupt. Saudi Arabia will lose of revenue.

Banter1:
like seriously? Who cares if they don't by our oil anymore? You sound as if we are gonna die or starve to death if they don't buy our oil. We don't care about SA. Mtn should pay the fine asap.

Infact I'm disappointed with the apartheid regime in SA then, they should have gathered them all in a concentration camp and Gas them all. what nonsense.

Lol

MansaMoussa:
Nonsense!
We can boost the domestic market in Africa For our oil.
Secure a low interest loan from China and build a west Africa gas pipeline extending all the way to Gambia...then sell at rock bottom price, govt to govt..
Russia did it in Europe...we can do it

You can teach many senseless, hateful NLders a lot of economic sense.
Great thinking.

And what do you consider rock bottom prices because there was an article in punch where it said many Nigerian oil fields have a cost of production already lower than or rapidly approaching the current price of oil per barrel which means some are already extracting oil at a loss at current prices.

Please explain the rationale behind securing a loan to build pipelines to sell our oil even cheaper as I assume that's what you mean by rock bottom prices.

Why would China give such a loan as you must know such loans are based on what China gets out of the deal. It's not because they are nice.

MansaMoussa:
Nonsense!
We can boost the domestic market in Africa For our oil.
Secure a low interest loan from China and build a west Africa gas pipeline extending all the way to Gambia...then sell at rock bottom price, govt to govt..
Russia did it in Europe...we can do it

MansaMoussa:
Nonsense!
We can boost the domestic market in Africa For our oil.
Secure a low interest loan from China and build a west Africa gas pipeline extending all the way to Gambia...then sell at rock bottom price, govt to govt..
Russia did it in Europe...we can do it

Walai u be my PA


U just nailed it from hit to hit...naija, has ability to rule west Africa even at $20 per barrel, just as Igbo men believe on constant supply..kachichukwu should think Nah..




Kudos my man forya point

When you were fining billions of dollars did we think of black people?

They used to buy from Iran before sanctions stopped them and now they are going back to Iran.

ooshinibos:
the wickedness of black people ..this is one of our problems ..we don't like one another ..why go to IRAN ..did they even help you during apartheid