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Nairaland Forum / Nairaland / General / Politics / Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn (10635 Views)
Fresh Electricity Tariff Hike Looms, Nigeria’s Monthly Power Subsidy Hits N181.B / Crude Oil Price: MAN Warns Of Hyper Inflation, Subsidy Hits ₦400, Diesel, ₦625 / NNPC Refineries Generate Zero Revenue, Pay Workers ₦69 Billion (2) (3) (4)
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Re: Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn by Ovamboland(m): 6:42am On Dec 06, 2021 |
BeeBeeOoh: Feedstock value to NLNG can't be $59m in a whole year. What's the volume of gas sent to NLNG and at what price per MMSCF |
Re: Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn by Ovamboland(m): 6:43am On Dec 06, 2021 |
mrvitalis: OPEC quota, dundee 1 Like |
Re: Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn by Faaavvv: 11:54am On Dec 06, 2021 |
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Re: Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn by mbahdi(m): 11:54am On Dec 06, 2021 |
Sai barber |
Re: Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn by TemmyT002(m): 11:55am On Dec 06, 2021 |
The Buhari Effect 1 Like |
Re: Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn by Bifwoli: 11:59am On Dec 06, 2021 |
DubaiLandLord1:Then you ain't prepared for massive riots,reduced spending power for millions and higher inflation.Its not as easy as you think. 1 Like |
Re: Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn by rave1043: 12:00pm On Dec 06, 2021 |
Na wa o!, What is really going on! |
Re: Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn by heniford2: 12:00pm On Dec 06, 2021 |
Embrace urself 2022 is coming Apc government will screw Nigerian patpat |
Re: Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn by Folabifreeman(m): 12:01pm On Dec 06, 2021 |
Believe these figures at your own peril! |
Re: Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn by maxiart2(m): 12:03pm On Dec 06, 2021 |
Chai...so no country wants to buy our oil again or what? Which way Nigeria? |
Re: Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn by Tetrahedron(m): 12:05pm On Dec 06, 2021 |
One simpleton by the name vulturegrills should be happy for his darling daddy! Eediot |
Re: Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn by Firerising(m): 12:05pm On Dec 06, 2021 |
sorry but I have to say this? many people are stupid to believe that subsidy has ever been Nigeria problem...... 1. How do u make profit when u import your own products finished product and export only the raw material? 2. Why can't we as a country refine our product and create market for our product. 3.lets assume we remove subsidy cost of living will increase and labour will go on strike, lecturers, doctors and civil servant all will clamour increase in salary then we go and borrow more money to increase salary then we decrease the value of our money. 4.It boils down that we are going circles. now let me ask...at some point fuel was sold for 65naira and then Goodluck wanted to remove subsidy and then it was said that fuel could get up to 145naira we did riot and it was not done instead some part of the subsidy was removed the it was sold 88naira. Buhari entered and it rose 165naira what exactly caused the increase in price...was it not the same subsidy was removed? if not tell me what was removed that made the fuel price to go up to 165naira. Don't let anyone fool u my fellow Nigerians we r always going circles...we know the truth let's face it DubaiLandLord1: |
Re: Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn by htdot: 12:06pm On Dec 06, 2021 |
Rexwalters1:And you are the dumb one here for believing these liars... This govern will drilled 2.2 mbpd of crude, they will divert .7mbpd.. And now they have diverted oct sales. Now you zombies are on the loose.. spit... you guys are pathetic. 1 Like |
Re: Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn by Aganju849: 12:07pm On Dec 06, 2021 |
mrvitalis: They underquote production figures and steal the difference, ditto subsidy: they inflate import volumes and pocket the difference too. The most useless regime in Nigeria history 1 Like |
Re: Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn by uchdavinci: 12:07pm On Dec 06, 2021 |
I have a question to ask abeg... can't all these subsidy money build us new refineries. What is the cost of building a new one self that naija as a nation can't afford? |
Re: Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn by snowball11(m): 12:08pm On Dec 06, 2021 |
When rogues rule a nation! |
Re: Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn by SolarEdge: 12:09pm On Dec 06, 2021 |
Only a Messiah in spirit form can save this nation. |
Re: Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn by phenase(m): 12:12pm On Dec 06, 2021 |
IT WILL STILL REACH 500 BILLION. THIS IS JUST THE MORNING. |
Re: Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn by jaxxy(m): 12:17pm On Dec 06, 2021 |
Incompetence. Congrats |
Re: Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn by thugthang(m): 12:18pm On Dec 06, 2021 |
mrvitalis:Then they attributed it to Niger Delta Avengers blowing pipelines |
Re: Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn by VEHINTOLAR: 12:23pm On Dec 06, 2021 |
This government will do anything possible to make sure that Nigerians pay N340.00 per a litre of petrol ! Gullible Nigerians won't ask any question as usual;they will grumble for a while, quickly adapt and move on ! How many time is the present administration going to remove the so called subsidy ? Wasn't it the same argument they put forward to increase the price to its present N165.00 per litre ? By the time the daura man from Niger Republic in aso rock is through with Nigeria and Nigerians,............I reserve my comments ! 3 Likes |
Re: Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn by Abagworo(m): 12:24pm On Dec 06, 2021 |
Remove the subsidy and stop lamenting. |
Re: Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn by thugthang(m): 12:24pm On Dec 06, 2021 |
mrvitalis: I think the OPEC regulate the amount of barrels of crude lifted per day in it's members country 1 Like |
Re: Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn by Nobody: 12:24pm On Dec 06, 2021 |
Yep, it's all gone to feed the subsidy monster. Which is why it has to go..the subsidy. The difference between the cost of production and the actual pump price has risen to a point where the subsidy money can no longer cover it, and the amount of cash needed is more than we can earn from crude oil revenue. (Usual disclaimer....both PDP and APC are useless parties, and Buhari has failed.) 2 Likes |
Re: Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn by FarahAideed: 12:28pm On Dec 06, 2021 |
DubaiLandLord1: So Subsidy is responsible for Nigeria earnings Zero from oil revenue? We should be asking Buhari has daily fuel consumption jumped from 26 million litres to over 9 million litres a day under his corrupt govt 1 Like |
Re: Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn by FarahAideed: 12:29pm On Dec 06, 2021 |
backbencher: Stop lying !! Over 90 percent of Nigerian revenue is used to service Buharis loans |
Re: Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn by Nobody: 12:30pm On Dec 06, 2021 |
vanbonattel: It was, but Nigerians follishly said no, and forced GEJ to delay the evil day by spending our excess crude revenue on subsides. Then oil prices collapsed...and we started using our forex reserves...till it dropped down to 28 billion. GEJ was not the best leader we've had, but on subsidy removal...he was right, and he was right. Sadly most Nigerians were too blinded to see that. |
Re: Nigeria Records Zero Revenue From Oil Export As Subsidy Hits N199bn by FarahAideed: 12:31pm On Dec 06, 2021 |
VEHINTOLAR: 2 Likes |
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