₦airaland Forum

Aidejay:
Impact of US Killing Iranian General on Nigeria
opera.comJan 3, 2020 10:05 AM


The US has once again, entered uncharted waters following it's bombing of an Iranian General, Qasem Soleimani this morning.

As expected, this strike has brought a lot of tension between the White House and Iran with the latter threatening to revenge and the former claiming it was a US retaliation.

It has also brought a constitutional deadlock between White House and Congress. However, top members of the President's party have praised the strike as bold and good.

Today's analysis is to find the impact of this strike on Nigeria. What economic or political reactions will we get from this?



Political Effects
Iran has always been the mouthpiece of the Shite movement. It has been a major sponsor of the Islamic Movement of Nigeria(IMN) and also a beacon of hope for shites across the world.

With Iran currently in recession following stifling US sanctions, there is little hope for Nigerian Shites who have been under threat.

Remember the US did not negotiate El Zazalky's release alongside Dasuki and Sowore. This was done deliberately to weaken every Iranian ally across the world.



The Nigerian government will be brazen in her resolution to silence shiites, and the US would do nothing about it.

Finally, a war with Iran will remove US attention to human rights violations in Nigeria. The US government will deploy everything within its power to tackle the Ayatollah of Iran, leaving Nigerians to tackle their problems themselves.

Economic Impact


Nigeria will benefit from this face-off economically. The annilation of an oil power like Iran and the neutralization of Iraq will cause a hike in oil prices.

The Nigerian government will be able to sell oil at higher prices this year, which in turn should stimulate the economy.

However, with the world at war, Nigeria's plans to borrow from other countries might not materialize anymore. The International Community is most likely to reduce unnecessary spending due to the ongoing conflict.

This means, there might be a huge budget deficiency in 2020. With the US spending more on war and less in aid, the world bank and IMF will have lesser spending power.

What do you think could be other possible effects? Drop a comment

What an arrant nonsense on the bolded.

caye:
So you all think this will be a pushover like Gulf War?
An Iran that managed to destroy 90% of Isis network and still upheld Assad in Syria, despite crippling sanctions?

Hope any of you teenagers witnessed Gulf war and sept. 11? Do you know how many American troops who died? And are you aware that the Gulf war became the breeding ground for Jihadists like Alqaeda and subsequently Isis? These new American soldiers better get their mental illness drugs ready: they will need them, when the truth finally hits home ; that the human spirit us greater than any technology.

Donald Trump has been cornered and drawn into another useless war. And I noticed that Israel has been saying , 'our hand no dey there o!' , which they did to George Bush after tricking him into killing Saddam.

pride...goes before a fall

Bros what kind of water have been drinking?

jumper524:
Why are you guys fighting over US and IRAN

Normally we should pray they both go to war.
If IRAN is at war, it means less sponsorhip to terrorism (in fact the terrorist may be forced to go assist IRAN)
Secondly there would be shortage in oil supplies which in turn increase the price which is a win for Nigeria.

If US is at war it also means less economic sanctions on Nigeria which may also Strenghten our naira.

So it's a win win..

na so

codedguy1:
Positive you say? That depends on how you look at it.

If oil prices go up as a result of any conflict we would gain from it but we as citizens should be prepared for higher fuel fares.

We import fuel because it is refined outside our shores. The higher the crude the higher the cost of refining. Either subsidy will increase (with the attendant corfuption) or fuel prices in Nigeria will increase.

Your guess is as good as mine.

Are you selling refined crude to the world?

Gandollar:
Are you selling refined crude to the world?

The answer to this question is in my write up? Read it again.

Higher Raw crude prices means higher cost of refining fuel, which is done OUTSIDE your country and that translates to higher cost of refined fuel imported INTO your country.

When they start telling you landing cost is 200 naira and so fuel should be increased to 250per litre then you will understand your whether we are selling refined crude or importing refined fuel.

So many Nigerians are over sabi people. All this analysis yet you folks have not figured out how to have steady electricity. You have not resolved the ongoing crisis everywhere along with military operations everywhere.

Where is your President. He cannot hold downhill meetings or live interviews for the last 2 years.

Yet people are there talking about how oil can be sold higher....and if so so what? All the oil sold where are the dividends? Where are the world class airports and health care centers? Where are the world class highway systems and tourist attractions?

See them talking about Trump this, America that, Iran this, countries that are countries and not zoos


FOOLS

Minjim:
Stop wasting ur time.
Iran can and will never go into any type of open war with the US.
They are begging the US to lift the sanctions imposed on them that's crippling their economy you're here talking of war.
Do you think war is a child's play?
Even Trump said the US does not want war.

you're very smart and exposed

codedguy1:
The answer to this question is in my write up? Read it again.

Higher Raw crude prices means higher cost of refining fuel, which is done OUTSIDE your country and that translates to higher cost of refined fuel imported INTO your country.

When they start telling you landing cost is 200 naira and so fuel should be increased to 250per litre then you will understand your whether we are selling refined crude or importing refined fuel.

If I get your point clearly, you are saying that when we start selling at higher prices, those refining for us too will increase cost right?

The difference in margin since we are now selling at a higher profit margin should be able to caution any untoward consequences.

Gandollar:
If I get your point clearly, you are saying that when we start selling at higher prices, those refining for us too will increase cost right?

Yes! Its not that they will increase because they want to but because they have to.

Gandollar:
The difference in margin since we are now selling at a higher profit margin should be able to caution any untoward consequences.

Difference in which margin? and which higher profit margin are you talking about when subsidy(under recovery) is being paid so that we can buy at the rate we buy now.

Caution which consequences? When we run at a deficit with the model we use. (Export crude and buy/import refined products) something that we should be doing at home to maximise the profit on crude when a crisis like this occurs.

Let's not even talk about how much subsidy is.

codedguy1:
Yes! Its not that they will increase because they want to but because they have to.



Difference in which margin? and which higher profit margin are you talking about when subsidy(under recovery) is being paid so that we can buy at the rate we buy now.

Caution which consequences? When we run at a deficit with the model we use. (Export crude and buy/import refined products) something that we should be doing at home to maximise the profit on crude when a crisis like this occurs.

Let's not even talk about how much subsidy is.

Ok. The logic doesn't make sense to local woman anyway.