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Nairaland Forum / Nairaland / General / Politics / Crashing Oil Prices; A Blessing In Disguise For Nigeria!!!! (18343 Views)
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Re: Crashing Oil Prices; A Blessing In Disguise For Nigeria!!!! by duni04(m): 10:57am On Dec 20, 2014 |
Scrypt:The essence of diversification is to reduce the exposure of the foreign exchange burse to shocks and volatility from a single stream of earning, oil. If we had a very diverse burse, we wouldn't be having a run on our reserves now. 2 Likes |
Re: Crashing Oil Prices; A Blessing In Disguise For Nigeria!!!! by teemy(m): 10:58am On Dec 20, 2014 |
dein77: The signs have always been there just that the triggering factor was not the oil wells drying up first. |
Re: Crashing Oil Prices; A Blessing In Disguise For Nigeria!!!! by ogbonoeba: 10:59am On Dec 20, 2014 |
The price of crude oil, has been lower than $50/barrel in the past, and our leaders didn't do anything. I don't think much will change. 1 Like |
Re: Crashing Oil Prices; A Blessing In Disguise For Nigeria!!!! by benzion72(m): 10:59am On Dec 20, 2014 |
Falling oil prices does not have any advantage for Nigeria. Sooner or latter Nigeria may not be able to meet her financial obligation which may lead to bankruptcy. When the government could no longer pay salary where will worker get money to pay for agricultural goods. All these are interconnected |
Re: Crashing Oil Prices; A Blessing In Disguise For Nigeria!!!! by dein77(m): 11:01am On Dec 20, 2014 |
juman: There's no hiding from this impending calamity. Wherever they run to, their stolen billions of naira will continue to depreciate in value as the dollar conrinue to fall.....There's no escaping it. 1 Like |
Re: Crashing Oil Prices; A Blessing In Disguise For Nigeria!!!! by juman(m): 11:05am On Dec 20, 2014 |
dein77: But they would have ran away from angry masses. ![]() ![]() ![]() The problem is that both pdp and apc are clueless on this. |
Re: Crashing Oil Prices; A Blessing In Disguise For Nigeria!!!! by dein77(m): 11:08am On Dec 20, 2014 |
juman: That's the problem. Our myopic leaders have led us astray. |
Re: Crashing Oil Prices; A Blessing In Disguise For Nigeria!!!! by Nobody: 11:08am On Dec 20, 2014 |
dein77:I do not know if I should laugh or cry at your ignorance, if you have seen the 2015 budget then you will know the government is about to start paying salaries with the whole budget and very little left for the man on the street aka you, me and every other person not in government. Do not take my word for it, go and read the budget proposal by yourself. |
Re: Crashing Oil Prices; A Blessing In Disguise For Nigeria!!!! by juman(m): 11:08am On Dec 20, 2014 |
dein77: You are right. |
Re: Crashing Oil Prices; A Blessing In Disguise For Nigeria!!!! by dein77(m): 11:09am On Dec 20, 2014 |
ogbonoeba: Let's hope these thieves will prove you wrong this time. It's just a bet shaaa |
Re: Crashing Oil Prices; A Blessing In Disguise For Nigeria!!!! by dein77(m): 11:13am On Dec 20, 2014 |
blink182: And you think I don't know that? You guys just talk anyhow shaaaa. |
Re: Crashing Oil Prices; A Blessing In Disguise For Nigeria!!!! by ogbonoeba: 11:13am On Dec 20, 2014 |
Scrypt: And when oil stays at $50/barrel, how will naija survive? |
Re: Crashing Oil Prices; A Blessing In Disguise For Nigeria!!!! by ibedun: 11:14am On Dec 20, 2014 |
Bros, where can I find the budget? thanks blink182: |
Re: Crashing Oil Prices; A Blessing In Disguise For Nigeria!!!! by dein77(m): 11:16am On Dec 20, 2014 |
ogbonoeba: Maybe our leaders will start THINKING! !! There are scores of nations out there without any petroleum resources, and they are doing better than us.... |
Re: Crashing Oil Prices; A Blessing In Disguise For Nigeria!!!! by dein77(m): 11:18am On Dec 20, 2014 |
blink182: Laugh not at my ignorance; cry at our leaders' stupidity and myopia. |
Re: Crashing Oil Prices; A Blessing In Disguise For Nigeria!!!! by dein77(m): 11:20am On Dec 20, 2014 |
Re: Crashing Oil Prices; A Blessing In Disguise For Nigeria!!!! by onadana: 11:24am On Dec 20, 2014 |
[color=#006600][/color] dein77: Na today...how old am I?.......e don tay wey our leaders dey visionless and clueless ![]() |
Re: Crashing Oil Prices; A Blessing In Disguise For Nigeria!!!! by zemaye: 11:38am On Dec 20, 2014 |
bushdoc9919:Links are quite educative, so true |
Re: Crashing Oil Prices; A Blessing In Disguise For Nigeria!!!! by Omotall(m): 11:55am On Dec 20, 2014 |
Abeg wat are they using oil to do ![]() ![]() |
Re: Crashing Oil Prices; A Blessing In Disguise For Nigeria!!!! by CSTR: 11:56am On Dec 20, 2014 |
dhammyg:ungrateful bittch. Look at her mouth like "niger delta can drink their oil". You are not ashamed that your SW is contributing peanuts to the nation. |
Re: Crashing Oil Prices; A Blessing In Disguise For Nigeria!!!! by abuhson(m): 12:06pm On Dec 20, 2014 |
Blessing it is just as itz obvious that our government cant see beyond oil in this richly blessed nation.More investment on other sector will definitely lessen the side effects of the fall in oil price globally.Agruculture is a nice subtitute to begin with....Lets also enforce strict osterity measures and not the typical hypocritic avanlanche of pretense over real actionz ... |
Re: Crashing Oil Prices; A Blessing In Disguise For Nigeria!!!! by Nobody: 12:12pm On Dec 20, 2014 |
But oil crashes have been here before. Can the op tell us what he did the last few oil crashes we had? Nigerians are good at knowing what needs to be done. Doing the work is the only thing. |
Re: Crashing Oil Prices; A Blessing In Disguise For Nigeria!!!! by Nobody: 12:21pm On Dec 20, 2014 |
Wow! well thought out,clap...clap...clap.U just connected with my economic mindset on this country of ours.I can't hesitate to see an actively diversified economy & how the selfish-greedy power brokers & their allies will manage to embezzle cash. |
Re: Crashing Oil Prices; A Blessing In Disguise For Nigeria!!!! by Kay17: 12:32pm On Dec 20, 2014 |
I often wonder why the Nigerian leaders get all the blame and responsibility, whereas the followers and the voters are absolved from any blame. If the masses to whom the leaders are held accountable to, do not assert their power, then they deserved the leaders they have. It is that simple. In this economic 'crisis', other problems are bound to follow, but the available solutions are not immediate. Nobody can industrialize overnight, it is almost impossible. For the mean time Nigeria is helpless. 1 Like |
Re: Crashing Oil Prices; A Blessing In Disguise For Nigeria!!!! by God20: 12:37pm On Dec 20, 2014 |
Derversify or not that is not the issue,the fact is these so called leaders are just bunch of CORRUPT Humans or should I say animals because their action sometimes is not different from an animal. |
Re: Crashing Oil Prices; A Blessing In Disguise For Nigeria!!!! by dein77(m): 12:37pm On Dec 20, 2014 |
enkay4love: I'm happy many of us are really concerned about the growth and development of this nation. |
Re: Crashing Oil Prices; A Blessing In Disguise For Nigeria!!!! by Nobody: 12:40pm On Dec 20, 2014 |
The issue here is as long as the evil power brokers of this country keep imposing us with visionless leaders,the country will keep retrogressing.Wondering when the young power brains of this country with sound leadership know-how,will be given a chance to put this country in order.I simply don't know if it is a curse for 21st century brains to rule this country.Na wa! |
Re: Crashing Oil Prices; A Blessing In Disguise For Nigeria!!!! by Rainmaker69(m): 12:50pm On Dec 20, 2014 |
dein77: I pity you and my fellow Nigerians. I hope you know that as oil fortunes dwindle, they'll turn their attention to the money in our pockets aka "IGR". We are about to enjoy an increase in taxes and levies to support this corrupt government. Once this clueless government can't feed off its oil revenues, it will start to feed on its citizens. 2 Likes |
Re: Crashing Oil Prices; A Blessing In Disguise For Nigeria!!!! by dein77(m): 12:51pm On Dec 20, 2014 |
Kay17: A very deep and valid argument. Governance is serious business, and as such shouldn't be solely left for the leaders; the masses have the greater responsibility to hold them accountable. Your argument has always been my standpoint. 1 Like |
Re: Crashing Oil Prices; A Blessing In Disguise For Nigeria!!!! by Nobody: 12:54pm On Dec 20, 2014 |
ogbonoeba:Naija will survive better if its impending austertity measures start with the LEGISLATURES allowances. |
Re: Crashing Oil Prices; A Blessing In Disguise For Nigeria!!!! by dein77(m): 12:57pm On Dec 20, 2014 |
Rainmaker69: That will be very welcome. Maybe the masses will then have the courage to protest against these thieving leaders. |
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