Keneking:
Millions of Nigerians are alarmed at the falling oil prices at the international oil market. For many, it's a sign of doom. But for me, and probably for a microscopic few.....which kind english be this?

....they are falling the accompanying consequences. Which kind English be this?

King, overlook it. It was deliberately inserted there for some laffs. ....Don't take life too seriously.

now my agro bix will make sales

It is indeed a blessing at least fir the first time we will be looking at what each region is going to bring to the table, south east more like the industrial hubb as to production, south west will bring her intellectual capacity, south south still oil, North west animal produce, and vegetables, North central more of quarry products and cement so everyone have something on table so less reliance on south south. God bless Nigeria

Who you help

They already have a plan
1,Increase taxes,including VAT on companies
2,Increase the price of FUEL,AND OTHER ENERGY COST E.G ELECTRICITY
3,Reduce stealing NO plan yet,but Nigerians should pay more TAXES
4,Reduce SATANIC ENTITLEMENTS OF NATIONAL ASSEMBLY,EXECUTIVES, NOT YET
5,Reduce government waste,NO PLAN YET
6,REDUCE THIEFT OF CRUDE,NO PLAN YET
7,DIVERSIFY THE ECONOMIC,NOT YET
8,MAKE NNPC OPERATIONS TRANSPERANT , NOT NOW
9,Reduce recurrent expenditures,No Plan
10,Reduce exter codes,other travels,No plan
Meanwhile MADAM NGOZI,continue to Give Nigerians false hope and statistics,while we worked out a Voodoo economic analysis to DECEIVED THEM FINALLY.

It seems so
But we shud nt make d mistake and re-elect dose dat squandered our oil wealth during d period of plenty

buJu234:
I am beginning to doubt d economic competence of madam ngozi the so called ex world bank executives..

Cos this is the right opportunity to diversify the economy

Its too late!!!

Boy2boy:
You think?

He thinks 15-20 years of penury, which is what it will take for Nigeria to get out of this mess is a blessing in disguise.

Whatever ! I have dual citizenship..where's my passport ?

redcliff:


Its too late!!!

Why is it too late?

kourhage:
It is indeed a blessing at least fir the first time we will be looking at what each region is going to bring to the table, south east more like the industrial hubb as to production, south west will bring her intellectual capacity, south south still oil, North west animal produce, and vegetables, North central more of quarry products and cement so everyone have something on table so less reliance on south south. God bless Nigeria

What intellectual capacity? Face it.. SW has noyhing to offer..the men in the east and north are dummies right?

Nice

dhammyg:
yes

AT LEAST THE FG WILL BE FORCED TO PAY ATTENTION TO OTHER SECTORS E.G AGRICULTURE.AND THE NIGER DELTANS CAN DRINK THEIR OIL

We no go drink am ooo....we will just work harder.

exactly my thoughts.
Nigeria shall surely be great!

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Those idots we have in government don't know that now is the perfect time to present a convincing argument for the removal of petrol price regulation. Petrol price has plummeted everywhere else except in Nigeria! If we remove the subsidy on petrol today, Nigerians will buy oil at a slightly cheaper rate and it will free up plenty of money for the Federal Government.

SuperModerator:
Blessing or curse, I don't understand why the price of fuel wasn't reduced

My reasons are;
1) If imported fuel costs N104/litre, what of the little we refine locally?

2) What of Diesel that had no subsidy, if PMS could fall from N145/litre to N104/litre (subsidy excluded) why didn't the price of diesel fall?
Not to talk of kerosene that the subsidy is in ghost (them no dey see us) mode

3)FG claims increase in dollar makes importation of refined crude more expensive.
What of more earnings we get from the exportation of crude oil due to increase in dollar

Nigerians, it's time to take to the street...
if the house of assembly and the debate can not do the needful by impeaching a non performing President, let's do it ourselves.

tjis has little or nothing to do with price of petrol as pump price in Nigeria is nt a true reflection of Oil price in the world mkt.There would be less do or die politics..Artificial scarcity would be reduced.there migjt be more gas to power or power station plus govt will seek new ways of making money from the blck Gol

hmmmmmmm nawa, good write up

dein77:
Millions of Nigerians are alarmed at the falling oil prices at the international oil market. For many, it's a sign of doom. But for me, and probably for a microscopic few, it's a blessing in disguise.

Our leaders have wasted decades of oil fortunes that would have been massively invested in infrastructures and other sectors of the economy, and now they are falling the accompanying consequences. Isaac Newton's Third Law of Motion comes to mind. It was only a matter of time before Nigeria paid for its profligacy and waste. We hardly learn, as a nation!

We have refused to think beyond oil; our mental faculties took a deadly sabbatical from the moment the blackgold was discovered in commercial quantities. Now, external forces are controlling our destiny as a people.

The falling oil prices will definitely FORCE our leaders to be more proactive in diversifying our economy. Diversifying our economy will definitely give us more options of survival. It's an economic suicide for an entire nation to depend entirely on a commodity so volatile in the International market. If ever we needed to diversify our economy , it's NOW.

The crashing oil prices will also, to a long extent, curb official corruption and impunity. Let's see if the government will seat idly and watch some few eggheads embezzle it's limited resources. A commodity that once sold at over $100 per barrel now goes for a little above $55! Infact the amount of money left to be embezzled is largely reduced.

The crashing oil prices may also force our thieves to pay more attention to our local refineries, as this may yield more profits than just selling the raw crude directly to the international at very low prices.

In every disappointment, there's some blessings. Let's take advantage of this slump and take more proactive steps. As an individual, I've taken some steps to curb financial recklessness as 2015 approaches.

He who fails to plan, has planned to fail.

Happy Xmas in advance, and a prosperous New Year to all Nairalanders.

The only leader that can't be forced is Jonathan. This is why he left recurrent expenditure unchanged and slashed capital expenditure ie he will continue to feed fat without investing in what can make us self reliant. His measures to shore up revenues as announced by NOI are abysmal and not far reaching - Raising 10bn naira from luxury tax (same amount spent by Diezani for private jets) and increasing VAT to 10%, spending cuts announced shows that it's not forcing them to do anything, it would force us instead into hardship.

manny4life:


Why is it too late?

You do not diversify when the economy is suffering..most successful oil producing nations like qatar and the UAE did theirs when the economy was gloating from the proceds of oil!

synergycom19:
They already have a plan
1,Increase taxes,including VAT on companies
2,Increase the price of FUEL,AND OTHER ENERGY COST E.G ELECTRICITY
3,Reduce stealing NO plan yet
4,Reduce SATANIC ENTITLEMENTS OF NATIONAL ASSEMBLY,EXECUTIVES, NOT YET
5,Reduce government waste,NO PLAN YET
6,REDUCE THIEFT OF CRUDE,NO PLAN YET
7,DIVERSIFY THE ECONOMIC,NOT YET
8,MAKE NNPC OPERATIONS TRANSPERANT , NOT NOW
Meanwhile MADAM NGOZI,continue to Give Nigerians false hope and statistics

You're ahead of the curve...very intuitive !

I DNT TINK DIS LEADERS TINK THE WAY U TINK COS IF DEY DID NAIJA WOULD AV BEEN BETTER

dein77:


King, overlook it. It was deliberately inserted there for some laffs. ....Don't take life too seriously.

Agreed, but life is too sweet to be left to swing like a pendulum. You need to hold it and take charge always.

Its high time the FG do the needful....Agric and other sectors are there for us to venture into before my dear nAija start drom square ZeRO

dein77:


Infact the amount of money left to be embezzled is largely reduced.

So you think because of this.........you feel they will NOT still embezzle

Oya nah.......make we dey watch.

Time for local businesses that make use of local raw materials to thrive

Keneking:
Millions of Nigerians are alarmed at the falling oil prices at the international oil market. For many, it's a sign of doom. But for me, and probably for a microscopic few.....which kind english be this?

....they are falling the accompanying consequences. Which kind English be this?

[s]We have refused to think beyond oil; our mental faculties took a deadly sabbatical from the moment the blackgold was discovered in commercial quantities. Now, external forces are controlling our destiny as a people.[/s]. Contextualise this point...

This write-up has caused chaos at Ojuelegba now where I am following this thread. What can we do? This government sef.

Goodmorning sir!... Our English Teacher we are Happy to see you.. God Bless You

redcliff:


You do not diversify when the economy is suffering..most successful oil producing nations like qatar and the UAE did theirs when the economy was gloating from the proceds of oil!

I beg to differ because diversification of whether a business or economy and whether it's during growth or recession, wealth or poverty largely depends on restructuring. Granted that it's best to diversify when the economy is booming, but if the govt restructures its commitment, yes it will be hard but it's achievable.

Failure in Disguise #smh

:PUntill I buy fuel 50 naira per litre I will be able 2 knw our leaders are nt longer stealing.robish

SPECIAL ANNOUNCEMENT!!!
CALL TO GLORY!!!
The entire family of carbohydrates, from balanced diet
local government area of food state, Regret to
announce the death of their father, brother, and
grandfather; Mr Rice who died in a fire accident along pot express road.
He was 36 cups. He survived by his wife; Mrs stew.
Twin daughters; curry and thyme.
Sons inlaw; Maggi and Onion.
BURIAL ARRANGEMENT;
25 December 2014, Body leaves
kitchen mortuary to his home town dinning table. Music by plates and spoons.
Cups and water are highly invited. Papa, God loves you
but our stomach loves you more. May your gentle soul
rest in the bossom of the toilet. Amen!
Signed by meat and fish, for the
family.

manny4life:


I beg to differ because diversification of whether a business or economy and whether it's during growth or recession, wealth or poverty largely depends on restructuring. Granted that it's best to diversify when the economy is booming, but if the govt restructures its commitment, yes it will be hard but it's achievable.

Im not saying it cant be done now.. but the right time it should have been done when there was excess, it wasnt so right now, it would inflict more hardship on the people because the in the end and during times like these, the people bear the final burden. Lets look at it with this example, a poor man who has just one motorcycle and can barely feed himself and family going to buy a car..

Op..u forgot to mention the blessings and what preparations you're making and how it will benefit the few and how you plan to assist fellow Nigerians and...and....and....and...


come complete your thread/info