₦airaland Forum

Welcome, Guest: Register • Login • With Google • Trending • Recent • New

Stats: 3,344,801 members, 8,513,760 topics. Date: Thursday, 05 November 2026 at 01:14 PM

Toggle theme

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)

1 2 3 4 Reply (Go Down)

Re: Opec Releases Annual Report Of Nigeria's Oil (picture Fact) by Caseless: 7:04am On Jul 31, 2018
deepwater:
LOL

U CAN SEE THAT NIGERIA HAS THE LARGEST POPULATION AMONGST OTHER PRODUCERS

RETURN THE OIL TO THE ORIGINAL OWNERS THEN SEE HOW THE POPULATION OF ALL MEMBER STATE WILL BE NORMAL

FOR THIS IS ABNORMAL

HAVING LEACHES ATTACHED TO YOU IS ABNORMAL angry
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:
Our population is a great asset... what we need is an efficient wealth distribution system.
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:
That dosen’t answer my question.

PDP from 2010 - 2014 got roughly 400% of what APC derived from oil revenue and we are still where we are today.

APC also constitute of PDP members but the ideology is somehow different .

Now answer my question “what is PDP manifesto for 2019, and why should we vote for PDP?
My dear yoruba muslim brother, you forgot to insult omo ibo. cheesy
Re: Opec Releases Annual Report Of Nigeria's Oil (picture Fact) by gare(f): 3:17pm On Jul 31, 2018
Iblad0994:
It shall not be well with PDP that squandered our money. People keep saying vote Buhari out and I keep asking them to tell me a reason why we should accept the PDP thieves back.
APC came with a change manifesto in 2015 right?

What is PDP manifesto for 2019??

Someone should just tell me why we should go back to PDP.

Buhari might not have fulfilled all promises he made but I will prefer Buhari to any PDP man alive.
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:
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
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:
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: 4:20pm On Jul 31, 2018
deomelo:
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?
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:
Opec releases annual report on Nigeria's oil.
The report contains the oil and gas reserves
How much each administration earn during military and current Democratic dispensation.


More details:https://legitinfobase..com/2018/07/opec-releases-annual-report-of-nigerias.html
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:
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?
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:
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
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:
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 ?
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 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.
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:
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?
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:
Hope you have not lost your voice after being presented with facts ...

who is the lazy Nigerian youth now ?
[/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:
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 ?
[/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:
[s][/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
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:
[s][/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.
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:
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
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:
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
[/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:
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.
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:
By checking the chart I know Buhari will definitely dissapoint
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:
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
[/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:
[s][/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.
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?

grin. make I laugh small
Re: Opec Releases Annual Report Of Nigeria's Oil (picture Fact) by fallout87: 3:44pm On Aug 01, 2018
TheAlchemist:
Our population is a great asset... what we need is an efficient wealth distribution system.
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.
1 2 3 4 Reply

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