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Nairaland Forum / Nairaland / General / Politics / Nigeria Earns About 36.7billion Naira Daily From Crude Oil Sales Only (888 Views)
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Nigeria Earns About 36.7billion Naira Daily From Crude Oil Sales Only by aariwa(m): 11:28am On Nov 28, 2011 |
Nigeria earns about 36.7 billion dollars a day yet none of our refinery is working.i got this figure by multiplying the current price of crude which is 98.7USD with what we export daily which is 2.4 million bpd . So 2.4million x 98.7 x 155 = 36.7billion naira.our government is today telling us that we the citizens must pay for government's ineptitude by paying higher fuel prices in the guise of fuel subsidy removal.goverment agencies are blackmailing us that if we don't accept subsidy removal which is above 1 trillion a year that nigeria will collapse.what happened to the other trillions which were stolen and not spent on petroleum products subsidy?Did Nigeria collapse when those trillions were stolen.please nairalanders i want to know if our government is a failed or successful one. |
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