₦airaland Forum

Sleekfingers:
The person you mentioned. Is right. Under Buhari , he signed an agreement.

drkrest:
Perfect answer. I will pick my creditors over a child like you. At least the creditors have the capability to offer me loans in the future. Conversely, a child with zero IQ has nothing positive to bring to the table.

drkrest:
My sincere apologies for engaging you in an intellectual discourse. To simplify this, let me come down to your level. If your mother took a loan and promised her debtors to pay them monthly with her firewood supplies, do you expect her to use the firewood to prepare dinner for your family first or pay the debt she owes? Your answer to this question will prove my doubts about your brilliance.

drkrest:
Let me school you. The author is 100 percent right. NNPC currently owes international oil suppliers over USD 6 billion. The corporation also owes Afreximbank at least USD 500 million. These loans are usually services by what is called crude oil swap, which is an exchange of crude oil for loans. The existing agreement indicates Nigeria is unlikely to make any substantial gain from future crude oil sales. When people argue about the country's current economic condition and conclude that violent protests or Tinubu are the cause of the persistent economic challenges, it only exposes the fragility of their ratiocination.

TimeManager:
A large amount of our crude had already been contracted/sold long ago, long before Dangote refinery was completed. We can't afford to default the contractual aggrements with our foreign clients. Supply of crude would have to be resolved on a negotiation table with lots of concessions involved.

-Kiss the truth!

Kobojunkiee:
Why should i be ashamed?

frog12:
this man should stop talking

Kobojunkiee:
I hope Dangote in fact means it when he said he would not enter Steel at all. That sector cannot afford these nonsense tactics of his. Nigeria needs at least 30 steel mills before 2050 if it has hopes of becoming industrialized by 2080.

sunboy:
Stop exposing your ignorance. Go to school you say school na scam.

Raskimonojendor:
Yes they are healthy