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Nairaland Forum / Nairaland / General / Politics / FG Moves To Securitise NLNG Dividends For $7bn Cash (11115 Views)
FG Moves To End DSTV's Monopoly, Says Multichoice Is Cheating Nigerians / Unauthorized Withdrawal Of NLNG Dividends: NNPC Insists On Full Disclosure / Ekiti Election: 'FG Moves N18bn Cash Through Akure Airport' - Lere Olayinka (2) (3) (4)
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Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by tetralogyfallot(m): 12:21pm On Oct 27, 2023 |
Bb |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by Nobody: 12:22pm On Oct 27, 2023 |
That's the problem. Always quantifying everything with the USD. Why the dollar no go make nyanga? |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by FreeStuffsNG: 12:25pm On Oct 27, 2023 |
LikeAking:It will happen but you will not benefit from it and you will not be blessed by it because of your negative hate-filled mindset 1 Like |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by jamesversion: 12:26pm On Oct 27, 2023 |
So Tinubu is not planning on diversifying from Oil & Gas. All Nigerian leaders always promise to diversify from Oil & Gas, but when elected, all their economic agendas are tied to Oil & Gas production. So if Niger Delta militants blow up NLNG plant and all the Oil Wells, what becomes Nigerias fate? 1 Like |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by Adabestseason(m): 12:28pm On Oct 27, 2023 |
Abi na lagos LNG and /or the one in bonny of rivers state? |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by LordAdam16: 12:28pm On Oct 27, 2023 |
CodeTemplar: That's the only trick left in their playbook. AFRIEXIM is still looking for backers to fund the NNPC $3B oil repayment loan since August. Now they're planning to use NLNG's annual dividends of $2B/yr to securitize a $7B loan. They've not inked the deal yet, but are already pushing rhetoric. When they're done expending the $10B. Where will they get the money for future interventions? After pledging our future earnings. In fact, how will they be able to fund the budget? Borrow to fund budget. Borrow to intervene in the FX market. Borrow to subsidize gasoline and electricity. Anyway, they should bring the cheap dollars. -Lord 5 Likes 1 Share |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by PussyKing(m): 12:32pm On Oct 27, 2023 |
garriAndsugar: Buhari finished these words during his time 1 Like |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by Adabestseason(m): 12:32pm On Oct 27, 2023 |
jamesversion: Diversify from where to where,all the appointments concentrated in the south west now they are looking up to LNG,useless bragging everywhere? It is one of the reasons they succeeded in buying over HE@Wike |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by NaijaNaWaa: 12:32pm On Oct 27, 2023 |
Nonsense talk. These people talk as if they’re putting new borns to sleep. A clear sign that they’ve no economic plan in place. |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by FIVERRMAGIC: 12:33pm On Oct 27, 2023 |
I need old inactive fiverr seller account send me a WhatsApp message through the number on my signature |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by israelmao(m): 12:36pm On Oct 27, 2023 |
What were we not told in Buhari regime?What did we not hear?We were told that dollar would become degraded because there would be an alternative foreign exchange in Chinese currency called ,Yuan.Down the line what seemed to be a loud ovation wore out into a cacophony and receded to the dead end so much so that there was no mention of it again till calamitous Buhari made his inglorious exit leaving Nigerian economy beaten,battered and shredded.APC feeds and lives on propaganda and lies. 2 Likes |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by wittywriter: 12:37pm On Oct 27, 2023 |
Vagabond In Power webm: FreeStuffsNG: jamesversion: Wittyness |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by BreconHills(m): 12:41pm On Oct 27, 2023 |
IVORY2009: If they were trying to impress the masses they would not have removed petrol subsidy or floated the naira. 1 Like |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by NwokoloOwa: 12:42pm On Oct 27, 2023 |
Wale Edun I still remember you told us that the Naira will stablize at about N700/USD. You don begin change mouth to N800. Na so una dey start. 1 Like |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by Honlucas: 12:42pm On Oct 27, 2023 |
Some people will actually prefer Nigeria to collapse and tinubu to fail so that they can come back four years later to say "we told you so" that's the highest form of illiteracy 1 Like |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by ArcSEMPECJ(m): 12:44pm On Oct 27, 2023 |
We now have the proper Yoruba hyping makers in Government..... Why not wait first, do your implementation and when you see positive results you can now rejoice .... A country running on consumption more than production can't sustain dollar strength to their currency... That's why China was able to start their own production, even going to schools to introduce their language so that their goods and services can sell..... Is the hyping not too much in Nigeria ?..... |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by IVORY2009(m): 12:45pm On Oct 27, 2023 |
BreconHills: Kindly do your research, subsidy is still been paid secretly, and as per floating the naira, it's has to do the the forces of demand and supply. |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by nedu666: 12:47pm On Oct 27, 2023 |
Does it mean at $86 a barrel and 1.7 million a day, Nigeria is not making any money. What of the $31billion in reserve, abi dat one na for decoration 1 Like |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by Elsueno: 12:50pm On Oct 27, 2023 |
Lmao, ....Hold on to ur green backs lads, even if this crappy band aids holds, it would onk6 be temporary..They are just borrowing based on future earnings, which by d way I hope it increases, otherwise we go dey deeper shyt 2 Likes 1 Share
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Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by marcelbli: 12:51pm On Oct 27, 2023 |
FreeStuffsNG:I really wonder who would applaud such moves at this time. The basic translation is that the FG is about to pledge its dividend earnings for the next 10 to 15 years for cash to settle past forward contracts. So, there would be any impact on our real economy from this $7 billion if it even pulls through. For context, in 2021, the dividend the FG received from NLNG was $722 million as published. And since then, we have been having issues with production levels. Taking $7b now from a bank means that FEC would not see any dividend from NLNG for the next 15 years; if you factor in the discount rate the bank would apply to make profit. I don't really know why we like making thesame mistakes. We are yet to recover from the crude forward swap in the past administration that has dried up earning from crude oil for a few years after the end of the last administration, as a significant amount of our future crude products are still being used to settle that one. We now want to enter into another one. Not for infrastructure need, but to settle dollar forward contracts. Keep celebrating such abhorrent use of funds and very soon there would be no Oil n Gas money entering our consolidated revenue account for sharing at FEC. 4 Likes 2 Shares |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by michoim(m): 12:54pm On Oct 27, 2023 |
Whatever language they are using, in simple terms it's borrowing in disguise... 1 Like 1 Share |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by zionstaar75: 12:58pm On Oct 27, 2023 |
Kingray10:what you're wishing for your country is the way your life will be. You can't prosper in a land you wish evil for. Karma 2 Likes |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by jamesversion: 12:59pm On Oct 27, 2023 |
Adabestseason: Appointing Yoruba people into all available positions of authority, using Oil & Gas revenue from Niger Delta to pay them. Yoruba people remain the highest beneficiary of One Nigeria. Lagos is the financial capital of Nigeria, the 5th largest economy in Africa cannot sustain Nigeria. Now dem wan borrow money with NLNG wey dey inside Rivers state. |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by Angelfrost(m): 1:03pm On Oct 27, 2023 |
Honlucas: That was exactly the prayer and wish of Tinubu while Jonathan was in office...! Are you calling your current President illiterate?!! That's close to treason. 1 Like |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by Angelfrost(m): 1:05pm On Oct 27, 2023 |
zionstaar75: That's a lie... But, keep telling yourself that. Many have been supporting APC, Buhari, and Tinubu while wishing the nation well, but are suffering and dying of hunger. I know many who have been doing the exact opposite and succeeding massively. I kid you not. Same way many cursed and prayed evil upon Jonathan and Buhari, but those ones are balling and thriving. Karma is not your mate, neither your messenger. |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by BreconHills(m): 1:08pm On Oct 27, 2023 |
IVORY2009: Fx demand has always been there. Subsidy is not being paid 100%. Its a short term intervention not a policy. In any case, the masses are still complaining. |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by SUFFERInSMILIIN(m): 1:12pm On Oct 27, 2023 |
FreeStuffsNG: Keep on foolling yourself, government which teams line up and down when is people condition get worse. All the government of Nigeria does it tell one story after another with no impact on the economy |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by ElSudani: 1:14pm On Oct 27, 2023 |
DrAkpamudehe: You are still hurting. The Jagaban is in charge, even Obi will eventually come to realize that some people are better at managing resources. 1 Like |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by ExudeLoveToAll: 1:17pm On Oct 27, 2023 |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by ExudeLoveToAll: 1:20pm On Oct 27, 2023 |
Honlucas: Leave this emotional blackmail, the dude isn't getting it right currently. He needs to step up. |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by sevenseas(m): 1:22pm On Oct 27, 2023 |
This is a very bad move. BAT is simply selling off Naija. Thats the bottom line. They sold all the crude and Dangote cant get crude that start refinery. He cant import cheap crude from Russia because US got BAT balls. Same scenario is going to play out In the LNG sector. NLNG is the last of the cash cow, now revenue from it is off the table, who knows what other conditions will be the contract. It is going to get very very very bad. You should japa now while you can. |
Re: FG Moves To Securitise NLNG Dividends For $7bn Cash by Adabestseason(m): 1:30pm On Oct 27, 2023 |
jamesversion: Have you seen our problem in the niger delta,from religion and otherwise tithes and offerings from the region are building auditoriums elsewhere,now it is NLNG they want to annex to grow their over hype economy.May we sidon look |
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