Nigeria Could Go Into Financial Slavery. - Politics - Nairaland
Nairaland Forum › Nairaland General › Politics › Nigeria Could Go Into Financial Slavery. (661 Views)
| Nigeria Could Go Into Financial Slavery. by mekaboy(op): 12:13pm On Mar 28, 2020 |
Alot of developed countries facing this pandemic are losing billions daily. Even America is considering opening up for work and business by Easter. Because if they continue to loose revenue and pay people to stay home, they could run out of funds. Then here comes Nigeria that cant finance it's own budget, shutting down and losing billions daily . If this last over a 2 months we would have gone broke. Then the western world will give us tough conditions for lending to assist our collapsed economy . It's good to self isolate and shutdown businesses at this moment. But we also have to look beyond the pandemic and see what the future holds for us economically. When/if the pandemic is over. We could be suffering serious starvation and totally collapsed economy. We could go into slavery as we have no bargaining power. 1 Like |
| Re: Nigeria Could Go Into Financial Slavery. by iammo(m): 12:20pm On Mar 28, 2020 |
48 billion barrels of proven crude reserve i honestly doubt |
| Re: Nigeria Could Go Into Financial Slavery. by mekaboy(op): 12:26pm On Mar 28, 2020 |
iammo:Are we going to sell it as auction or que up to sell at any price saudi decides? |
| Re: Nigeria Could Go Into Financial Slavery. by iammo(m): 12:34pm On Mar 28, 2020 |
mekaboy:world economy is driven by energy and energy is driven by Oil, covid 19 might slow the market and russia vs saudi migh make it very tough to get a break even price, but soon energy demand would skyrocket after the lockdown and we would make so much, except we can have ships run off fossil fuels and planes |
| Re: Nigeria Could Go Into Financial Slavery. by Charleys: 12:38pm On Mar 28, 2020 |
What we need now is MMM to boost the economy during this economic downturn. Argue with your phone. |
| Re: Nigeria Could Go Into Financial Slavery. by mekaboy(op): 12:46pm On Mar 28, 2020 |
iammo:Hope you know that the production cost of saudi is almost the cheapest. If they continue like this, most producers will abandon production and they will take over the market. With the falling oil price and revenue lost to coronavirus, how do we kickstart without loan? |
| Re: Nigeria Could Go Into Financial Slavery. by invectives(m): 1:04pm On Mar 28, 2020 |
mekaboy:no mind dem make he dey call 46 billion reserves na shovel u go use dig am??....Excess crude acct na 78mill remain inside,50 Cargoes Nigeria can't sell currently...... next month..this currently will be running on Pension Funds!!!! |
| Re: Nigeria Could Go Into Financial Slavery. by mekaboy(op): 6:52pm On Mar 29, 2020 |
| Re: Nigeria Could Go Into Financial Slavery. by Sagay212: 7:00pm On Mar 29, 2020 |
Nigerians are already slaves. Nothing new. |
| Re: Nigeria Could Go Into Financial Slavery. by mekaboy(op): 3:12pm On Apr 23, 2020 |
iammo:https://www.nairaland.com/5811559/nigeria-may-stop-oil-production |
| Re: Nigeria Could Go Into Financial Slavery. by mekaboy(op): 3:20pm On Apr 23, 2020 |
| Re: Nigeria Could Go Into Financial Slavery. by mekaboy(op): 12:49pm On Jul 29, 2020 |
| Re: Nigeria Could Go Into Financial Slavery. by mekaboy(op): 12:02pm On Jul 30, 2020 |
| Re: Nigeria Could Go Into Financial Slavery. by NaijirianKing: 12:37pm On Jul 30, 2020*. Modified: 11:08pm On Jan 27, 2022 |
Interesting. |
| Re: Nigeria Could Go Into Financial Slavery. by laiperi: 1:00pm On Jul 30, 2020 |
Your prediction since March is already wrong. Any stupid move to rush back to normal activities based on coconut heads rush for slave labor has backfired. Europe have levelled the Covid-19 curve based on caution. You are right about slave labor based on those selling their labor and talents abroad for what looks like good money today like mirrors looked in exchange for gold. But the move is already on. Chiefs are no longer selling slaves, we are paying good money and savings to sell ourselves abroad. |
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