melonsgroup:
Please answers are needed

Igbosareuseless:
Libya has functional refineries.

nairalanda1:


N14 or 14 naira.

However, before you start

1. Libya produces about 5m barrels of crude a day .(Nigeria...1.8 m bpd)

2.Libya's population is not up to 10 million people.(Nigeria, 220 million people).

Assuming oil price is 80 dollars a barrel, Libya would be earning about 400m dollars a day. Divide it by 5million...and each libyan gets 80 dollars.

Nigeria? ..we earn 144million dollara a day, divide it by 220 million and each Nigerian gets 0.65 dollars.

That's why.

SalamRushdie:


Oya do for Venezuela

nairalanda1:


Because they earn far more than us from their oil, and can afford to keep their refineries functioning, and even pay for massive subsides.

Look, I don't like our government, I think Nigerian governments are all bad, I sure as h**l did not vote for Thiefubu....but comparing Libya to Nigeria is basically like comparing a man with a wife and two children who earns N500000 a month (Libya) with a man with a wife, twelve kids and seven dependents who earns N100000 a month (Nigeria).

If we wanted to be like Libya, we have to earn at least 20 -40 times more than what we earn right now.

We can't be like Libya.

nairalanda1:


N14 or 14 naira.

However, before you start

1. Libya produces about 5m barrels of crude a day .(Nigeria...1.8 m bpd)

2.Libya's population is not up to 10 million people.(Nigeria, 220 million people).

Assuming oil price is 80 dollars a barrel, Libya would be earning about 400m dollars a day. Divide it by 5million...and each libyan gets 80 dollars.

Nigeria? ..we earn 144million dollara a day, divide it by 220 million and each Nigerian gets 0.65 dollars.

That's why.

AwkaFinest:





Which kind lie be this?

nairalanda1:


If you like, don't beleive me. It's yer opinion.

nairalanda1:


N14 or 14 naira.

However, before you start

1. Libya produces about 5m barrels of crude a day .(Nigeria...1.8 m bpd)

2.Libya's population is not up to 10 million people.(Nigeria, 220 million people).

Assuming oil price is 80 dollars a barrel, Libya would be earning about 400m dollars a day. Divide it by 5million...and each libyan gets 80 dollars.

Nigeria? ..we earn 144million dollara a day, divide it by 220 million and each Nigerian gets 0.65 dollars.

That's why.

nairalanda1:


N14 or 14 naira.

However, before you start

1. Libya produces about 5m barrels of crude a day .(Nigeria...1.8 m bpd)

2.Libya's population is not up to 10 million people.(Nigeria, 220 million people).

Assuming oil price is 80 dollars a barrel, Libya would be earning about 400m dollars a day. Divide it by 5million...and each libyan gets 80 dollars.

Nigeria? ..we earn 144million dollara a day, divide it by 220 million and each Nigerian gets 0.65 dollars.

That's why.

nairalanda1:


N14 or 14 naira.

However, before you start

1. Libya produces about 5m barrels of crude a day .(Nigeria...1.8 m bpd)

2.Libya's population is not up to 10 million people.(Nigeria, 220 million people).

Assuming oil price is 80 dollars a barrel, Libya would be earning about 400m dollars a day. Divide it by 5million...and each libyan gets 80 dollars.

Nigeria? ..we earn 144million dollara a day, divide it by 220 million and each Nigerian gets 0.65 dollars.

That's why.

Brendaniel:


Oga your lies have been debunked, your theory is largely false in a case like Nigeria, the major problem is corruption, tackle that and even the subsidy will be a blessing, I've known you for a while here, this is not your first moniker, you are the same person as subsidywise and different other monikers you have used before, we have both argued about you claiming Nigerians are not paying enough for electricity and I was letting you know that it was corruption that was also affecting that.

The truth is any goverment that is not ready to fight corruption while executing any plan, subsidy or not is likely to fail even before starting, removing the subsidy has not removed the corruption in the petroleum sector, they will look for another loophole to still take from the people, it is like knowing a thief lives in the same room with you who steals your money every time, then you try changing the location where you keep the money in your room, so you think the thief with stop at not looking for the new location, he will keep finding it till he sees it, the best option is get rid of the thief and you can drop your money anywhere in your room and have piece of mind.

Removing the subsidy is just changing the location where the same thieves will go and look for the money to eat, there are better ways to have handled this subsidy and not lose a single FX to paying anybody and still make good profit.

This thing is just proper strategy and planning with effective control and most of all fighting corruption...

Kukutenla:

Before you started writing your epistle of lies, at least you'll confirm through a simple Google search that Libya produces around 1.7mbpd as opposed to your baseless claim of 5mbpd

AwkaFinest:




When did Libya state producing 5m bpd of crude? You go just dey lie anyhow.

Libya at its peak produces 1.3m bpd of crude.

nairalanda1:


And still has a small population relative to its production....so my point still stands.

Sorry mate, but if we keep our subsidy, with a 200million population, we would soon run out of money, and then we would be in serious trobule.

Good morning.


Midifed

The problem is, Libya produces and earns revenue for a smaller population than we do. Comparing Libya to Nigeria is problematic in that sense.

We can't afford the subsidy anymore. If we keep it, we would go broke in the next few years. Seriously broke to the point that we cannot pay salaries, or anything at all.

nairalanda1:


And still has a small population relative to its production....so my point still stands.

Sorry mate, but if we keep our subsidy, with a 200million population, we would soon run out of money, and then we would be in serious trobule.

Good morning.


Midifed

The problem is, Libya produces and earns revenue for a smaller population than we do. Comparing Libya to Nigeria is problematic in that sense.

We can't afford the subsidy anymore. If we keep it, we would go broke in the next few years. Seriously broke to the point that we cannot pay salaries, or anything at all.

nairalanda1:


Because they earn far more than us from their oil, and can afford to keep their refineries functioning, and even pay for massive subsides.

Look, I don't like our government, I think Nigerian governments are all bad, I sure as h**l did not vote for Thiefubu....but comparing Libya to Nigeria is basically like comparing a man with a wife and two children who earns N500000 a month (Libya) with a man with a wife, twelve kids and seven dependents who earns N100000 a month (Nigeria).

If we wanted to be like Libya, we have to earn at least 20 -40 times more than what we earn right now.

We can't be like Libya.

nairalanda1:


Because they earn far more than us from their oil, and can afford to keep their refineries functioning, and even pay for massive subsides.

Look, I don't like our government, I think Nigerian governments are all bad, I sure as h**l did not vote for Thiefubu....but comparing Libya to Nigeria is basically like comparing a man with a wife and two children who earns N500000 a month (Libya) with a man with a wife, twelve kids and seven dependents who earns N100000 a month (Nigeria).

If we wanted to be like Libya, we have to earn at least 20 -40 times more than what we earn right now.

We can't be like Libya.

izombie:
why are some of you always looking for ways to defend failure? Nigerias huge population should never be a burden. China has over 1billion people but things work there. Fact remains that it doesn't matter how many you are in a country but how you do your things. Do things right and things will work. Simple. Nigerians have failed Nigeria.

nairalanda1:


Yeah, and still has a small population...so my point still stands.

nairalanda1:


N14 or 14 naira.

However, before you start

1. Libya produces about 5m barrels of crude a day .(Nigeria...1.8 m bpd)

2.Libya's population is not up to 10 million people.(Nigeria, 220 million people).

Assuming oil price is 80 dollars a barrel, Libya would be earning about 400m dollars a day. Divide it by 5million...and each libyan gets 80 dollars.

Nigeria? ..we earn 144million dollara a day, divide it by 220 million and each Nigerian gets 0.65 dollars.

That's why.



Modifed


For all those subsidy geng quoting me

1.Yeah, Libya does 1.8m, but twelve years ago it [i]was[/i]higher

2.Yeah, based on my new calculaiton, every Libyan gets 27.2 dollars compared to the 0.65 we Nigerians all get.

3.Yeah, either way, my point still stands. We cannot afford subsidy. You can scream and shout all we want, and God knows I effing feel angry and pissed off with ALL OUR POLITICAL LEADERS, AND HATE AND AM ANGRY WITH WHAT THEY HAVE DONE TO OUR COUNTRY.....BUT THE TRUTH IS WE CANNOT AFFORD THE SUBSIDY ANYMORE. WE JUST CAN'T.

And i wish it was otherwise. I really wish it was. But there is lies.

Good monring. If Obi, Atiku and Tinubu all agree subsidy should go, then it has to go.

vowiski:


Oga calculator why you no use China or India as example .. Since you want to be smart by half using population…

There is no reason on earthy why Nigerians should pay through their noise for what’s in their backyard .. *spits

Kukutenla:

Your point is meaningless. Nigeria's economy is five times larger than Libya's. You're simply pulling up numbers to support a flawed logic based on singularity.
Libya used its oil wealth to work for its people while ours was badly mismanaged. That's the bottom line not all this crap you're capping

nairalanda1:


China exports industrial product

We don't. We are a net importer.

flokii:
Libya is a wealthy nation just like Nigeria with crude oil. Unlike Nigeria, their own citizens and leaders use their God-given talent and brain.to make life easier for their people by fixing their economy, keeping the wealth circulated within their economy.

Libyans are largely contented people, not like greedy Nigerians who want to loot, squander and siphone everything within their reach.

Attimes I question the brand of education we are giving ourselves in this part of the world that has kept us so redundant economic wise.. What is the point having Professors of Economics, Petroleum and Chemical Engineering when basic things can't work? No innovation, no development nothing, just the plenty text books and la cram la pour year in year out.

izombie:
Subsidy should be removed but not this way. But please stop with all this excuses why things aren't working in Nigeria. Nigeria can also export but noooo, the only we know is oil. Everything else can burn.

flokii:
Libya is a wealthy nation just like Nigeria with crude oil. Unlike Nigeria, their own citizens and leaders use their God-given talent and brain.to make life easier for their people by fixing their economy, keeping the wealth circulated within their economy.

Libyans are largely contented people, not like greedy Nigerians who want to loot, squander and siphone everything within their reach.

Attimes I question the brand of education we are giving ourselves in this part of the world that has kept us so redundant economic wise.. What is the point having Professors of Economics, Petroleum and Chemical Engineering when basic things can't work? No innovation, no development nothing, just the plenty text books and la cram la pour year in year out.