Opec Releases Annual Report Of Nigeria's Oil (picture Fact) - Politics (4) - Nairaland
Nairaland Forum › Nairaland General › Politics › Opec Releases Annual Report Of Nigeria's Oil (picture Fact) (11962 Views)
| Re: Opec Releases Annual Report Of Nigeria's Oil (picture Fact) by Caseless: 7:04am On Jul 31, 2018 |
deepwater:twisted thinking. Most of what was generated went to the state these oils are found. What have they been able to do with that? |
| Re: Opec Releases Annual Report Of Nigeria's Oil (picture Fact) by Ovamboland(m): 8:05am On Jul 31, 2018 |
TheAlchemist:No sir, the oil wealth we have is too small to sustain our population no matter the formula you use to distribute it. We should stop seeing oil money as harvest but seeds to be planted in education, health, infrastructure to yeild bigger returns in future. Our money should stop been used as salaries for largely unproductive civil servants, pensions and allowances for politicians, importing luxurious items etc |
| Re: Opec Releases Annual Report Of Nigeria's Oil (picture Fact) by IbrahimDamola: 3:02pm On Jul 31, 2018 |
Iblad0994:My dear yoruba muslim brother, you forgot to insult omo ibo. ![]() |
| Re: Opec Releases Annual Report Of Nigeria's Oil (picture Fact) by gare(f): 3:17pm On Jul 31, 2018 |
Iblad0994:HAVE YOU TAKEN YOUR TIME TO CHECK THE PEOPLE IN YOUR ALL SAINT APC, THEY ARE THE ONCE YOU HAVE JUST SAID IT WILL NOT BE WELL WITH THEM, MAY BE THAT IS WHY APC ARE HAVING THIS CRISES, BECAUSE EVERYONE OF THEM WHERE PART OF THE GOVERNMENT AT DIFFERENT LEVELS. |
| Re: Opec Releases Annual Report Of Nigeria's Oil (picture Fact) by babytoun: 3:48pm On Jul 31, 2018 |
Jonathan increased minimum wage to 18k in 2011 Nigerias oil revenue is denominated in Dollars Average exchange rate during Jonathan's tenure was 170 Naira to 1 US Dollar This govt came in and devalued the currency ...average exchange rate has been 360 to a dollar If workers salary has not changed the govt has tactically been paying less than 50% of what Gej was spending for local naira denominated transactions .so the recurrent expenses like salaries is costing this govt much less than the previous govt . let me make it simpler at 18k minimum wage @170 exchange rate GEJ was paying $107 while Buhari @360 is paying $50 which is about 45% of what GEJ was paying ...... now multiply this over almost 4 years across almost all local payments If you check these numbers well You will see that Buhari has little to be proud about ....No capital projects and workers are still being owed salaries |
| Re: Opec Releases Annual Report Of Nigeria's Oil (picture Fact) by deomelo: 3:56pm On Jul 31, 2018 |
PDP = $788 BILLION with nothing to show. Still poor power supply, lousy education system, bad roads, bridges, bad health care system and thousands of abandoned projects all over Nigeria. PMB = $94 BILLION with completion of PDP abandoned projects all over Nigeria. Also starting new multi Billion dollar projects. God Bless PMB. God Bless Nigeria. |
| Re: Opec Releases Annual Report Of Nigeria's Oil (picture Fact) by deomelo: 4:09pm On Jul 31, 2018 |
babytoun:So, who is funding and completing thousands of abandoned projects your PDP looting and stilling uncles left behind? The $5 billion 3050MW Mambila power PMB is construing is not a capital project? It's not only a capital project, the $5 billion power project will generate 3050MW, more than what the looting and stealing PDP and Jona delivered with $20 billion power fund. Lazy and mentally crooked Nigerian youths making crooked and corrupt excuses for thieves that did nothing for 16 years to better your lives. How pathetic can you people get? |
| Re: Opec Releases Annual Report Of Nigeria's Oil (picture Fact) by babytoun: 4:15pm On Jul 31, 2018 |
deomelo: |
| Re: Opec Releases Annual Report Of Nigeria's Oil (picture Fact) by babytoun: 4:20pm On Jul 31, 2018 |
deomelo:If you resort to using abusive language ...i will show you that you have dialled a wrong number . Note the following about the manilla project that you are celebrating 1 The project is worth $5.79b 2 . It will be ready in 6 years time....all things being equal 3 It is funded by Chinese lenders (China Exim Bank) and Nigeria Govt 4 China Exim bank contributes 85% and Nigeria Govt contributes 15%. Now tell me how much this govt has paid for the project ? |
| Re: Opec Releases Annual Report Of Nigeria's Oil (picture Fact) by Dtribeless: 4:23pm On Jul 31, 2018 |
Tomiwax:This is a false report. Stop peddling nonsense -- OPEC has no access to a member's revenues. |
| Re: Opec Releases Annual Report Of Nigeria's Oil (picture Fact) by buhariguy(m): 4:27pm On Jul 31, 2018 |
The jobless aggressive lazy idiotic pigs of Biafra shall never know again for supporting the ineffectual buffoonism of the past leaders. |
| Re: Opec Releases Annual Report Of Nigeria's Oil (picture Fact) by babytoun: 4:43pm On Jul 31, 2018 |
deomelo:Hope you have not lost your voice after being presented with facts ... who is the lazy Nigerian youth now ? |
| Re: Opec Releases Annual Report Of Nigeria's Oil (picture Fact) by buhariguy(m): 4:45pm On Jul 31, 2018 |
babytoun:you are right, Did you also considered the value of the oil money received with this present dollar price? That means buhari is receiving half of what he is presently receiving. |
| Re: Opec Releases Annual Report Of Nigeria's Oil (picture Fact) by deomelo: 4:48pm On Jul 31, 2018 |
babytoun:What exactly is the meaning of your goal post shifting from you ignorantly saying no capital projects under PMB and now shifting to who is funding the project after getting corrected? Ongoing Lagos - Ibadan Rail project nko? You mean it's not a capital project? Accept the correction and stop dodging and dancing with irrelevant argument. Btw, what happened to the billions of dollars Jona borrowed from China? You mind explaining to us what Nigerians benefited in return? |
| Re: Opec Releases Annual Report Of Nigeria's Oil (picture Fact) by babytoun: 4:49pm On Jul 31, 2018 |
buhariguy:You are very correct ...what I detest is half-truths Yes Buhari received about half for a better part of his administration although that has changed considerably recently my point simply is that people should also note that he is spending about half or less of what Jonathan spent on salaries and other recurrent expenses |
| Re: Opec Releases Annual Report Of Nigeria's Oil (picture Fact) by babytoun: 4:53pm On Jul 31, 2018 |
deomelo:When you respond to my points on the "flagship" mambilla project we can then move on to another item . My question simply is what ground do you have to celebrate mambilla as a capital project of this administration . which stage the project dey? How much Nigeria Govt go spend for the project? How much den don spend already ? |
| Re: Opec Releases Annual Report Of Nigeria's Oil (picture Fact) by deomelo: 4:55pm On Jul 31, 2018 |
[s] babytoun:[/s] Funny when ipobs label their ignorant rubbish facts. A grown adult like you have zero clue per your own country and what a capital project is or not. How pathetic |
| Re: Opec Releases Annual Report Of Nigeria's Oil (picture Fact) by deomelo: 4:58pm On Jul 31, 2018 |
[s] babytoun:[/s] So, you determine what is or not a capital project by the completion stage and what was spent on the project all because you are too silly to accept simple correction needed to cure your ignorance. Lay off the rancid akpu, it's obviously bad for your health and mental well being. |
| Re: Opec Releases Annual Report Of Nigeria's Oil (picture Fact) by babytoun: 4:59pm On Jul 31, 2018 |
deomelo:This is the height of mental laziness.....when facts are lacking they fallback to the ipob line ....... ...i no be Ibo nothing concern me with ipob....check the history of all my posts and point just one pro-ibop line . I get una time today ....this 2015 falsehood won't stand in 2019 |
| Re: Opec Releases Annual Report Of Nigeria's Oil (picture Fact) by babytoun: 5:05pm On Jul 31, 2018 |
deomelo:Oga don't put words in my mouth .....sure it is a capital project ......i am only saying the celebration is too early ...and remember you cited it as an example of the current administration's spending that dwarfs everything obj and Jonathan did |
| Re: Opec Releases Annual Report Of Nigeria's Oil (picture Fact) by deomelo: 5:13pm On Jul 31, 2018 |
babytoun:Fine with me as long as you are willing to accept correction that it is a capital project. The rest of your rubbish is just the typical sad and pathetic anti Nigerian mentality and opinion which is of course meaningless to me because this is all you ipobs do all day and I'm not wasting my time on you and that rubbish. Just stop spewing lies. that 's all. |
| Re: Opec Releases Annual Report Of Nigeria's Oil (picture Fact) by deomelo: 5:15pm On Jul 31, 2018 |
[s] babytoun:[/s] You just admitted that it is a capital project so the rest of your meaningless and ignorant rant means nothing. Educate yourself more about your own country. |
| Re: Opec Releases Annual Report Of Nigeria's Oil (picture Fact) by babytoun: 5:18pm On Jul 31, 2018 |
deomelo:operative word in my post was CELEBRATE...i never said it wasn't a capital project ....oga bring facts instead of this "Nigeria mentality" or ipob dey you dey talk Get help if it's too hot for you no independent onlooker will look at our posts and say you made more sense than me ....so where is all this arrogance coming from? these BMC guys need retraining........i dey wait for una |
| Re: Opec Releases Annual Report Of Nigeria's Oil (picture Fact) by buhariguy(m): 5:40pm On Jul 31, 2018 |
gurujoe:I knew buhari can do it. |
| Re: Opec Releases Annual Report Of Nigeria's Oil (picture Fact) by deomelo: 6:01pm On Jul 31, 2018 |
[s] babytoun:[/s] The argument was about you not knowing the meaning of capital project, I corrected you and you've accepted the correction. Your celebration rubbish is your own story and meaningless rubbish which I'm not interested in. Keep quiet and kindly go away. with your rubbish and ignorance. |
| Re: Opec Releases Annual Report Of Nigeria's Oil (picture Fact) by babytoun: 6:09pm On Jul 31, 2018 |
deomelo:see person wey dey claim to know. You who I schooled that the major chunk of the project will be funded by Chinese lenders 85% You that I schooled that the project will take 6 years from now ...... .na you dey claim to know? . make I laugh small |
| Re: Opec Releases Annual Report Of Nigeria's Oil (picture Fact) by fallout87: 3:44pm On Aug 01, 2018 |
TheAlchemist:It is not a great asset when the population aren't working or producing and many of them are waiting on oil revenue to subsidize themselves. It isn't even realistic to pay for a country of 180 million people with the amount Nigeria makes from oil. Even without theft Nigeria would still be in abject poverty. Nigeria needs to diversify itself and produce other world leading commodities for trade. The revenue Nigeria generates needs to be five... no seven times the amount for the Nigeria people hope and pray for. |
Heartless Monsters They Won't Let Biafra And Ambazonia Go Because Of Oil~picture • NDDC: Birds, Flowers Listed On Annual Report, Scholarships Sections Of Website • DPR: Nigeria’s Oil Reserves Will Run Dry In 49 Years • 2 • 3 • 4
2023: I’ll start from where Buhari stops, Lawan says to delegates • President Tinubu Set To Inaugurate Projects To Mark One Year In Office • Tinubu Offended Me, He’s Full Of Himself – Babachir Lawal


. make I laugh small