₦airaland Forum

For those who are calling for Nigeria to severe international relations with South Africa, I hope we are aware that we benefit from South Africa too. The article below shows that Nigeria exports a good percentage of her crude oil to South Africa. And we shouldn't forget in a hurry that our economy is crude oil dependent.

Almost 40% of South Africa's crude oil imports comes from Saudi Arabia. Nigeria is the 2nd biggest contributor to South Africa's crude oil imports, with almost 30% of all of South Africa's crude oil imports coming from Nigeria. In a distant 3rd place is Angola, with almost 16% of South Africa's crude oil coming from Angola. Surprising to see is Iran is South Africa's 4th biggest contributor to crude oil imports (and this with Iran having sanctions imposed on them over very long periods of time from January 2010 to June 2017). One wonders how much bigger Iran's crude oil imports into South Africa would have been if it was not for sanctions imposed against them.

Source: https://www.southafricanmi.com/blog-23oct2017.html

So

We are MTN biggest market
In face MTN nigeria is worth more Then other MTN combine

We are DSTV biggest market

Should i go on ? Dangote would meet up what they buy when his project is complete

So??
Oh! I forgot. See how great our economy is owning to the proceeds from crude oil sales.

mrvitalis:
We are MTN biggest market
In face MTN nigeria is worth more Then other MTN combine

We are DSTV biggest market

Should i go on ? Dangote would meet up what they buy when his project is complete

Nice points raised there, but let me add that our economy is oil dependent. And that, by extension includes our currency. I know you will remember how the Naira went on a downward spiral in late 2015 through 2016 when the price of crude oil went down.

Note that I'm not saying the Nigerian government should fold it's arms and watch on as its citizens get decimated in foreign lands but we should explore all available diplomatic means first. When that fails to work, then the government can then decide to go down hard on South Africa and damn the short term consequence it may have on us.

I hope I'm right sha.

And so fucking what?

kilisi:
Nice points raised there, but let me add that our economy is oil dependent. And that, by extension includes our currency. I know you will remember how the Naira went on a downward spiral in late 2015 through 2016 when the price of crude oil went down.

Note that I'm not saying the Nigerian government should fold it's arms and watch on as its citizens get decimated in foreign lands but we should explore all available diplomatic means first. When that fails to work, then the government can then decide to go down hard on South Africa and damn the short term consequence it may have on us.

I hope I'm right sha.

How barrels do they buy ...if we sanction DSTV the whites would call them to order

mrvitalis:
How barrels do they buy ...if we sanction DSTV the whites would call them to order

You with your Oyibo