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2024 Budget: Oil Price Pegged At $77.96, Naira At 750 Per Dollar - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / 2024 Budget: Oil Price Pegged At $77.96, Naira At 750 Per Dollar (8352 Views)

Petrol Price May Jump To ₦‎750 Per Litre — IPMAN / PMS Scarcity: Fuel Price Hits ₦750 Per Litre In Kastina / Hope Rises For 2019 Budget, Oil Price Rebounds To $60 (2) (3) (4)

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Re: 2024 Budget: Oil Price Pegged At $77.96, Naira At 750 Per Dollar by nairalanda1(m): 4:24pm On Nov 29, 2023
It's all very well, but at the end, Nigeria cannot keep relying on oil money

Manufactured goods and servicies
Re: 2024 Budget: Oil Price Pegged At $77.96, Naira At 750 Per Dollar by Kingpele(m): 4:27pm On Nov 29, 2023
Wow ...dollar at 750 after APC told us that is not ok for a dollar to exchange for 210 ...if hypocrisy is a name APC will be it's name

2 Likes

Re: 2024 Budget: Oil Price Pegged At $77.96, Naira At 750 Per Dollar by baralatie(m): 4:29pm On Nov 29, 2023
See padding
Re: 2024 Budget: Oil Price Pegged At $77.96, Naira At 750 Per Dollar by waveman2: 4:30pm On Nov 29, 2023
IMF should hide their head in shame.We still need to borrow to fund our budget.Not just borrowing a small amount but more than half of the budget.Nigeria needs to cut it's coat according to it's size, our politicians needs to understand it not business as usual we need to fight corruption to the bearest minimum else nigeria will go into extinction.

5 Likes

Re: 2024 Budget: Oil Price Pegged At $77.96, Naira At 750 Per Dollar by joshuaidibia(m): 4:32pm On Nov 29, 2023
Lovemeharder:
Cool

Can you please explain this to me? Shey fuel price will reduce.
Re: 2024 Budget: Oil Price Pegged At $77.96, Naira At 750 Per Dollar by stagger: 4:32pm On Nov 29, 2023
Postinor:
Nice, meanwhile death to israelites

Make God no remember you for this thing you have said against His people.
Re: 2024 Budget: Oil Price Pegged At $77.96, Naira At 750 Per Dollar by Godstiger(m): 4:35pm On Nov 29, 2023
750 Per d as if it works as such
Re: 2024 Budget: Oil Price Pegged At $77.96, Naira At 750 Per Dollar by Ayodeoba: 4:37pm On Nov 29, 2023
Yugoslavia247:
750 for dollar in 2024.
Oil is 50k naira per drum.

Okay so why are we buying highly what we have.

Subsidy removal has worsen the economy

Can we just go back to subsidy

Because we are still collecting more loan after subsidy removal you sure say yuh get sense?

Let us just go back to subsidy and keep collecting the loan
Re: 2024 Budget: Oil Price Pegged At $77.96, Naira At 750 Per Dollar by Khyrvxjzy: 4:40pm On Nov 29, 2023
Yugoslavia247:
750 for dollar in 2024.
Oil is 50k naira per drum.

Okay so why are we buying highly what we have.

Subsidy removal has worsen the economy

Can we just go back to subsidy

Because we are still collecting more loan after subsidy removal

Let us just go back to subsidy and keep collecting the loan


and ibo will support this comment
Re: 2024 Budget: Oil Price Pegged At $77.96, Naira At 750 Per Dollar by Khyrvxjzy: 4:41pm On Nov 29, 2023
MEEVEET:
I don't even know what the federal government smokes really I don't

The federal share from FAC allocation is always around 600 billion thats 7.2 trillion

Say max they make 12 trillion which is really impossible

Where would the rest 15 to 20 trillion come from

you dont know or you dont understand economics
Re: 2024 Budget: Oil Price Pegged At $77.96, Naira At 750 Per Dollar by MEEVEET: 4:44pm On Nov 29, 2023
Khyrvxjzy:


you dont know or you dont understand economics
Lol tell me bros Oya teach me
Re: 2024 Budget: Oil Price Pegged At $77.96, Naira At 750 Per Dollar by YorubaDemonswag: 4:44pm On Nov 29, 2023
stagger:


Make God no remember you for this thing you have said against His people.

His people? Another brainwashed jehovah goat
Re: 2024 Budget: Oil Price Pegged At $77.96, Naira At 750 Per Dollar by Khyrvxjzy: 4:45pm On Nov 29, 2023
MEEVEET:

Lol tell me bros Oya teach me


me sel no understand but i calm
Re: 2024 Budget: Oil Price Pegged At $77.96, Naira At 750 Per Dollar by JimohMomoh: 4:49pm On Nov 29, 2023
What about LNG gas export, where do those huge funds go to ?

Tell us how much we are expecting from Gas for the year 2024

1 Like

Re: 2024 Budget: Oil Price Pegged At $77.96, Naira At 750 Per Dollar by AK89: 4:51pm On Nov 29, 2023
e dun finish ooo
Re: 2024 Budget: Oil Price Pegged At $77.96, Naira At 750 Per Dollar by PHAYOL81: 4:51pm On Nov 29, 2023
Expectation of dollars rate would hover around the 700 - 800 bracket before it returns back down by the time the FX unification policy fixes the issues of black market finally
Re: 2024 Budget: Oil Price Pegged At $77.96, Naira At 750 Per Dollar by Jokkarm2: 4:52pm On Nov 29, 2023
FreeStuffsNG:

Great!! Absolutely brilliant and realistic!

With petrol subsidy gone, importation of petrol gone and era of using our hard-earned forex to defend overvalued USD on the streets gone, amongst many other rent-seeking monetary and fiscal policies gradually being vanquished by your team of brilliant, hardworking, competent and patriotic members.

The creative ingenuity of a patriotic Nigerian will being unleashed.

The naysayers, unpatriotic elements, criminal defamers and cyberbullies will neither see it nor benefit from the benefits of all these progress.

God bless President Bola Tinubu. God bless Nigeria for ever! Check my signature for free stuffs!


Bro, is not about singing praises or abusing people , is about the policies having direct impact on the average Nigeria citizens. Nigerians are not lazy people, they work hard, they only need a conducive environment to do their businesses. what are these things am talking about? Good roads, affordable fuel price to reduce cost of transportation, availability of foods at moderate prices, constant electricity supply, security, affordable education system, affordable health system . let us stop tribalism and sectionalism and face the fact. shebi all of us dee buy fuel same price, and run same roads and pay same price for foods. .
Re: 2024 Budget: Oil Price Pegged At $77.96, Naira At 750 Per Dollar by Sirianese: 5:02pm On Nov 29, 2023
MEEVEET:
I don't even know what the federal government smokes really I don't

The federal share from FAC allocation is always around 600 billion thats 7.2 trillion

Say max they make 12 trillion which is really impossible

Where would the rest 15 to 20 trillion come from

Foreign debt
Re: 2024 Budget: Oil Price Pegged At $77.96, Naira At 750 Per Dollar by liamjakes247: 5:04pm On Nov 29, 2023
I observe power supply has been alot stable now than in the past years. for almost 4 days now, no interruption. The only time this happened was during the pandemic in Kaduna state
Re: 2024 Budget: Oil Price Pegged At $77.96, Naira At 750 Per Dollar by Okpokpo09: 5:07pm On Nov 29, 2023
If you believed this man you must be a real fool
Re: 2024 Budget: Oil Price Pegged At $77.96, Naira At 750 Per Dollar by SoNature(m): 5:08pm On Nov 29, 2023
Everything about Nigeria is oil (even the budget is planned with crude oil sales), but agbadorians will tell you that what the government makes from petrodollars is insignificant. Only God knows how poor this country would have been if there was no crude oil.

1 Like

Re: 2024 Budget: Oil Price Pegged At $77.96, Naira At 750 Per Dollar by Johncuppa(m): 5:10pm On Nov 29, 2023
joshuaidibia:


Can you please explain this to me? Shey fuel price will reduce.
Your question got me laughing.
It's actually the price of oil per barrel at the world market from which the budget is to be financed, and at the dollar rate.
Re: 2024 Budget: Oil Price Pegged At $77.96, Naira At 750 Per Dollar by MEEVEET: 5:11pm On Nov 29, 2023
Sirianese:


Foreign debt
So why would you borrow to fund budget ... Who does that especially when your debt servicing is 105% your revenue

Is that not madness
Re: 2024 Budget: Oil Price Pegged At $77.96, Naira At 750 Per Dollar by TheBillyonaire: 5:12pm On Nov 29, 2023
The budget benchmarks are based on recession level expectations with optimistic overview for over performance of the indices, leaving excess liquidity for the boys to share.

I do not see how the budget expectations can not be met, any under performance means Tinubu and his team have nothing in their heads or intentionally corrupt.

At least we now have a President that can calculate, and understand price dynamics. The last one was a pure illiterate that ended up destroying the economy. Such a terrible tribalist.
Re: 2024 Budget: Oil Price Pegged At $77.96, Naira At 750 Per Dollar by Calitoscassius(m): 5:19pm On Nov 29, 2023
FireUpNow:
Me dey laugh ooo. Dollars pegged? Nahhhhh
grin grin grin yes, pegged as if they own the dollar, if you peg your trouser on a washing line when strong breeze blows it might blow your trouseer off the peg. So they are pegging the dollar that might blow off the peg.

2 Likes

Re: 2024 Budget: Oil Price Pegged At $77.96, Naira At 750 Per Dollar by babamoha(m): 5:33pm On Nov 29, 2023
Hope the implementation will be implemented without obstacles or favoritism.
Re: 2024 Budget: Oil Price Pegged At $77.96, Naira At 750 Per Dollar by sboga: 5:33pm On Nov 29, 2023
Buh d dolla no b 750 na
Re: 2024 Budget: Oil Price Pegged At $77.96, Naira At 750 Per Dollar by PepeXKermit: 5:46pm On Nov 29, 2023
Dollar at 750 while for street na 1k+ . That means unficiation no work. Nde na yi ara
Re: 2024 Budget: Oil Price Pegged At $77.96, Naira At 750 Per Dollar by Postinor: 7:07pm On Nov 29, 2023
ecolime:

Are you a Palestinian?
noo I am a human with empathy for the plights of palestinians
Re: 2024 Budget: Oil Price Pegged At $77.96, Naira At 750 Per Dollar by Postinor: 7:08pm On Nov 29, 2023
stagger:


Make God no remember you for this thing you have said against His people.
🤣🤣🤣, since israel is god's people I guess you are god's animals
Re: 2024 Budget: Oil Price Pegged At $77.96, Naira At 750 Per Dollar by FireUpNow(m): 7:11pm On Nov 29, 2023
Calitoscassius:
grin grin grin yes, pegged as if they own the dollar, if you peg your trouser on a washing line when strong breeze blows it might blow your trouseer off the peg. So they are pegging the dollar that might blow off the peg.

Nor be small something ooo. When Dollars go do lit tsunami that time dem go know say dem nor fit peg am against dollars. Lol
Re: 2024 Budget: Oil Price Pegged At $77.96, Naira At 750 Per Dollar by Sirianese: 7:13pm On Nov 29, 2023
MEEVEET:

So why would you borrow to fund budget ... Who does that especially when your debt servicing is 105% your revenue

Is that not madness

Because they need to steal from Nigeria's treasury in order to buy their nuclear families 2nd citizenships and houses abroad. They all want to raise their kids in a safe society that functions properly, not within this heartless jungle they have created.

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