₦airaland Forum

NwaAmaikpe:





Oil is the only way out o.
Crude oil was made for Nigeria and Nigeria for crude oil.

That's why we've dedicated funds that would have been used to develop the agricultural and manufacturing sector into the exploration of Crude oil in the Northern and Chad Basins.

So that even if it dries up all over the world, it can't in Nigeria.
Sai Baba!!!

banio:
What an irony. Boko Haram with little funding could buy modern weapons while our FG can't buy sophisticated modern weapons.

What an inglorious glory.

The oil price has slumped to its lowest point this year, as concerns mount about a glut of crude supply and fears that economic headwinds could lessen demand.

Brent crude fell as low as $59.26 a barrel on Friday, a level last seen in October 2017. Three supermarkets said on Friday they would cut petrol prices, as Asda cut its national price cap by 1p per litre for petrol and 2p per litre for diesel, with Morrisons and Sainsbury’s following suit.

After reaching a high of more than $86 a barrel in early October, which prompted warnings that it would climb further to $100, the oil price has since plunged by more than 30%.

But some industry observers said they expected it to recover next year if Opec took action to avoid an oversupply of crude.


The price is expected to average $75.50 a barrel in 2019 compared with $73.91 this year, according to a survey of 11 oil forecasters by S&P Global Platts.

The recent fall follows US waivers for eight countries to import oil despite sanctions on Iran, high output and markets worried about a drop in demand. Jefferies bank said: “The market is currently oversupplie

Earlier this week, Donald Trump thanked Saudi Arabia, the de facto leader of Opec, for pumping more and bringing down the price, but the US president said he wanted to see it lower still.


Donald J. Trump
✔
@realDonaldTrump
Oil prices getting lower. Great! Like a big Tax Cut for America and the World. Enjoy! $54, was just $82. Thank you to Saudi Arabia, but let’s go lower!

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The oil cartel is due to meet in Vienna in a fortnight to discuss what major producers should do next.

Khalid al-Falih, the Saudi energy minister, has previously indicated a significant cut in output is needed. This week, he said the kingdom’s current high exports were likely to be lower in December and January. “We will not sell oil that customers don’t need,” he said.

If Opec agrees production curbs on 6 December, this would imply a rebound in prices next year.

But experts said the pressure from Trump and his close links to the Saudi crown prince, Mohammed bin Salman, meant it would be hard for the country to agree such a move.

The analysts Petromatrix said: “Our view remains that it will be politically difficult for Saudi Arabia to organise a coordinated Opec supply cut.”

Analysts believe the oil price will continue to be volatile in the coming months, with UBS bank saying this was “inevitable” and a price of $60 a barrel was plausible.

Kelamma:
Madam Nigeria is a secular state, so simply implore the citizens and don't make it a religious thing.

The sooner we draw the line between religion and national activities, the better for us as a nation.

#thingspoliticiansusetodivideus

Sirheny007:
Next is death.
I hope Paul Biya is following this matter closely?

kabayomi:
Hope there will still be proverbs

Sunofgod:
See hustler.....making up ailments/new markets.

Women please ignore.....if anything treat wickedness first!

princesweetman2:
Its multi religious but Muslim dominated

Curvinus:
The Liverpool City Council once turned down a request to expand anfield to 100,000 seater capacity, citing infrastructure constraints. Sadly, in Nigeria, everything goes. the traffic gridlock being experienced around the nyanya/keffi axis of the FCT is because infrastructure is overstretched compared to the millions of people residing around the area. we have such towns/district as Mararaba, Ado, Masaka, one man village, new nyanya, Karu, Orozo and Nyanya and many other villages all relying on the already overstretched expressway.

Anyway, I hope there is enough infrastructure to support the crowd that this project will be attracting to the Airport road multi carriageway. the AMCC, Development Control, FCDA and other relevant agencies should have a good look at this before we create another major obstruction in a very important entry and exit point to the nation's capital city.

adextetoo:
What's the need for more bigger church when we have bigger economics problems.

Our rich pastors can afford to fund the nation electricity upgrade to a global standard but prefer a big church auditorium that will only add to their account balances.

China, Korea, Japan, Hongkong, Singapore etc are pagan countries but doing better.

davodyguy:
It's in Nigeria that the former NNPC GMD stored � in a warehouse and people bury money.

In Amsterdam, they store theirs inside washing machine

HeyCorleone:
These defections only go to show that Nigerian politics hasn't matured enough.

You hardly see a republican crossing over to the Democratic party or otherwise in the united states, or such thing in Europe. This is because political parties are fueled by ideologies which reflect the very mindset of its members. So you can't because of a little grievance dump your party and move to another one with a completely different ideology. You'd be like a fish out of water.

Besides it goes to show APC and PDP are the same thing. Why didn't Nairaland Buharideens insult Atiku in 2015 when he declared support for Buhari? Why didn't they call him out for helping funding his campaign and all. But now that he's in PDP they suddenly remember he has a case to answer in the US. Smh.

tenmariner:
Cunny man die, cunny man burry am!

dreamworld:

Yorobers

uvie66:
I think the guy is just after money, people usually go to China, USA, Japan, and the Arabian countries to collect pension money and in their mid thirties.

Omeokachie:
Biased anti-corruption agency head.

Was it not this same Maga Mugu that refused to investigate Gandollar, and Oshi-omoh-OLE?

Diezani had volunteered to return to Nigeria to clear her name, but maga Mugu rejected her return.
Now he files for extradition like he was fighting corruption just to score political point for his lifeless boss, whose lapel he was caught wearing on national TV.

obembet:
I am a Igbo pet.

Abjay97:
Mehn nothing works here; Go to USA and Europe and see quality of life.. Will you be willing to give them work? If yes, find them and give them jobs!

iammo:
Ipob is my master and ruler

Sunofgod:
My daughters will marry only hausa

Abjay97:
Honestly I dont blame them.. that might be their only source of income.. Since the government dont want to improve quality of life in nigeria, Nigerians come up with different ideas on how to survive..

In Trump's voice "shithole"

Colourich:
I'm not offering to do any house chores, I'm not their maid. If they won't marry, they should forget it.

dokie:
What you have said is half truth. Its just like the case of the hen and the egg. Who came first?

Did the leadership create this monster out of the people or the people made the leaders monsters? Bear this in mind: if you see a badly behaved child, who do you immediately channel the blame to? The parents I guess?

Either way, in a situation like we have, only leadership can change the narrative. It must be a top to bottom approach

I have an employee that left his job because N1,200 payee was deducted from his N60,000 salary. Either poor or rich, most Nigerians hate any kind of talk about tax payments. Even people govt employed to enforce tax, dodge it too. They are d ones that will teach you how to do it.
If u are a tax consultant in Nigeria and u don't know how to prepare false statement of affairs, or management account, to file doctored annual returns, better go and learn and start UBER.

For example, majority at Alimosho, d largest voting block in Lagos dont pay for electricity. As their Senator, If u win 1st term by ignoring this scam, u'll lose 2nd term if u attempted changing it during your 1st term.

Abjay97:
by Jayamma Abanobi

1. No More Federal Allocation: The normal trend of states waiting to receive allocation/ "oil money" from the federal treasury will become a thing of the past.

2. States Will Control Their Resources: The various states in Nigeria, will be in full control of their resources. Take for instance, Enugu; the coal producing state will be in full control of how coal is mined, transported and exported without the interference of the federal government. The federal government will play it's role by ensuring the coal mining follows due procedure.

3. Less Power in Abuja: Currently, Nigeria runs a very a expensive government because of the centralized power in Abuja. If Nigeria is restructured, power no longer rests solely in Abuja, but is shared equally among states. This implies that states can have their own separate laws guiding them.

4. State Policing Will be Made Possible: Imagine a Nigeria with a police force bearing the name "KAPD" standing as Kano State Police Department. The various states in Nigeria will be able to be in full control of their military; with Abuja overseeing them all.

5. Government Workers will be more serious: Restructuring this country, is sure to make civil servants serious in carrying out their responsibilities as there would be competition among states to have the best output.

6. Unemployment Reduction: Restructuring Nigeria will reduce the rate of unemployment; because the 36 states with mineral resources will begin to explore and harness their resources leading to a new era of utilization of these human and mineral resources.

7. Increase in Healthy Competition: Nigerian states without good healthcare, schools and public infrastructure will begin to work hard to provide such, so that they can be seen as good among their counterparts. For instance, if a state is not doing well in providing quality education; and sees people leaving the state for other states that state can decide to work hard to improve the education infrastructure to see that it competes with states with the best education.

8. Less dependence on Oil: Due to the fact, that states now control their resources, crude oil will no longer be the main source of revenue for the country; leading to the increase in diversity in revenue generation. Some states could go into manufacturing, some into real large scale Textile making, some into full time agriculture

9. General Development: The country will generally develop. Each state will be responsible for the improving a key sector of the economy leading to massive development.

10. Nigerian crude oil could lose value: With the dwindling price of oil, and the growing concern about carbon poisoning caused by crude oil, the world is moving toward a green environment. Hence, revenue generated by oil in the south south of Nigeria will make little or no sense in the international markets in the nearest future. By 2020, many countries in Europe will begin the use of electric vehicles.