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Nairaland Forum / Nairaland / General / Investment / US-Iran Deal: Nigeria Could Lose N333bn By Year End (15320 Views)
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US-Iran Deal: Nigeria Could Lose N333bn By Year End by davide470(m): 9:33am On Jul 21, 2015 |
Nigeria could lose about N333billion in crude oil revenues by year end, following the nuclear deal reached with Iran by world powers on Tuesday July 14, 2015. Source: http://businessdayonline.com/2015/07/us-iran-deal-nigeria-could-lose-n333bn-by-year-end/#.Va4CJtxViko 6 Likes 2 Shares |
Re: US-Iran Deal: Nigeria Could Lose N333bn By Year End by shalomm: 9:34am On Jul 21, 2015 |
Alright... Its high time we diversify our economy. Agriculture and Tourism can help. 19 Likes 1 Share |
Re: US-Iran Deal: Nigeria Could Lose N333bn By Year End by Nobody: 9:36am On Jul 21, 2015 |
I believe this is a wake up call for a sane government to put in place necessary policies to encourage diversification of the economy. Renewable energy is a great start (Like the case of the guy using Biogas the other day that was on FP) Also we could work on increasing our refinery capacity or building more refineries and if we have just enough to cater for our needs, we could start exporting fuel to neighboring countries like Benin, Togo etc. Explore our enormous natural gas resources to consolidate power generation and in a cascading effect it will encourage local businesses while improving business interests from foreign governments to start manufacturing plants here. I mean we have enough natural resource to serve as raw feed. If the Jonathan government had a modicum of foresight, they would have known that nothing lasts forever. A very wise man would have used the proceeds from the boom to work on every sector of the economy but oga instead was stealing billions to fund a dead on arrival political ambition. May God help Nigeria. BUT NO THIS WILL NOT HAPPEN! OUR POLITICIANS ARE OVERLY AVARICIOUS. Looking for every means to satisfy their gods which is their belly. Every bill they rush to pass into law is meant to whet their insatiable greed. But we are coming for them. This is my opinion, bigots don't quote me. 30 Likes 4 Shares |
Re: US-Iran Deal: Nigeria Could Lose N333bn By Year End by SaiBuharii: 9:59am On Jul 21, 2015 |
Some illiterates like Ekiti people will come now and start shouting Snail Buhari, meanwhile Baba is still cleaning up the mess that useless Jonathan and PDP created for about 16 years. 10 Likes 1 Share |
Re: US-Iran Deal: Nigeria Could Lose N333bn By Year End by Adaahjacob(m): 9:59am On Jul 21, 2015 |
All I know is Nigeria can never b broke. #May God bless our country. 3 Likes |
Re: US-Iran Deal: Nigeria Could Lose N333bn By Year End by Doskit(m): 9:59am On Jul 21, 2015 |
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Re: US-Iran Deal: Nigeria Could Lose N333bn By Year End by bigv(m): 10:00am On Jul 21, 2015 |
The ones we've been losing before nko? Have we died. Abeg jare. We all know those who will loose. The poor masses. Cos it doesn't cut down the NASS budget and the politifchians bills. 9 Likes |
Re: US-Iran Deal: Nigeria Could Lose N333bn By Year End by UnknownT: 10:00am On Jul 21, 2015 |
When can the instability of our stock exchange affect global oil price? Well, in Buhari we trust to stabilize global oil "frizes" ![]() 5 Likes |
Re: US-Iran Deal: Nigeria Could Lose N333bn By Year End by omenka(m): 10:01am On Jul 21, 2015 |
This could be the impetus we need to get it right. When caught up in such dire straits, ingenuity is encouraged. I see Nigeria becoming a better country with less dependence on oil exports. Buhari should recover all the monies he can and plough same back into the agric sector, maintain stable supply of electricity, and aggressively pursue the development of the solid minerals sector. If these can be achieved, I see no limit to how great this country could become. We will surely get there. 8 Likes 1 Share |
Re: US-Iran Deal: Nigeria Could Lose N333bn By Year End by Johnnoah1st: 10:01am On Jul 21, 2015 |
WAT IS MY PROBLEM WIT DAT? like dey will give me part of the money if they didnt loose. 2 Likes |
Re: US-Iran Deal: Nigeria Could Lose N333bn By Year End by Nobody: 10:01am On Jul 21, 2015 |
Well, that's what you get when you refuse to diversify your economy |
Re: US-Iran Deal: Nigeria Could Lose N333bn By Year End by WukedP(m): 10:01am On Jul 21, 2015 |
Dnt worry the president is still with Obama, they can revert d bill at anytime 1 Like |
Re: US-Iran Deal: Nigeria Could Lose N333bn By Year End by bekuo1: 10:01am On Jul 21, 2015 |
Nawa
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Re: US-Iran Deal: Nigeria Could Lose N333bn By Year End by Nobody: 10:01am On Jul 21, 2015 |
Sometimes I wonder if without oil, Nigeria would have been a better country ![]() Oil seems to be the root cause of all our problems in Nigeria. . Most corrupt practices stem from oil or oil revenues. ... ![]() ![]() I hope things get better and we open our eyes to other natural resources God has endowed us with..... 4 Likes |
Re: US-Iran Deal: Nigeria Could Lose N333bn By Year End by talktofemi: 10:02am On Jul 21, 2015 |
. 1 Like |
Re: US-Iran Deal: Nigeria Could Lose N333bn By Year End by Nobody: 10:02am On Jul 21, 2015 |
Re: US-Iran Deal: Nigeria Could Lose N333bn By Year End by tonbratom(m): 10:02am On Jul 21, 2015 |
o 1 Like |
Re: US-Iran Deal: Nigeria Could Lose N333bn By Year End by Empress2014(f): 10:02am On Jul 21, 2015 |
Baba is working ![]() |
Re: US-Iran Deal: Nigeria Could Lose N333bn By Year End by Nobody: 10:03am On Jul 21, 2015 |
we are in for hard times |
Re: US-Iran Deal: Nigeria Could Lose N333bn By Year End by Nobody: 10:03am On Jul 21, 2015 |
I BLAME BUHARI FOR THIS 1 Like |
Re: US-Iran Deal: Nigeria Could Lose N333bn By Year End by Firefire(m): 10:03am On Jul 21, 2015 |
Happy Day! We can use groundnuts from the North as substitute... ![]() |
Re: US-Iran Deal: Nigeria Could Lose N333bn By Year End by Nobody: 10:04am On Jul 21, 2015 |
I think God loves Nigeria so much. We are blessed with everything we need: Crude Oil, Fishes, Coal, Enormous Mineral Resources, Agriculture, Highest Population in Africa, Tourism, Intellectuals, Engineers, Professors.....etc. The list is endless. Nigerians were living comfortably prior to Crude Oil discovery, so why depending so much on Oil? Why not harnessing other Mineral Resources? Currently, Singapore is the HIGHEST producer of Palmoil in the World. Meanwhile, they collected some seeds from Nigeria some decade ago for trial. Agriculture (Mechanized Farming) and Fishing alone would create jobs opportunity and boost our revenue generation. Enough to this Oil wahala, biko..... 4 Likes 1 Share |
Re: US-Iran Deal: Nigeria Could Lose N333bn By Year End by Nobody: 10:04am On Jul 21, 2015 |
Scrypt: ![]() ![]() I dey cry for Nigeria. . I see #350 to $1 ![]() Pains of running a mono economy. . I hope we learn soon... |
Re: US-Iran Deal: Nigeria Could Lose N333bn By Year End by parzdor(m): 10:05am On Jul 21, 2015 |
fd |
Re: US-Iran Deal: Nigeria Could Lose N333bn By Year End by MrDoGood(m): 10:05am On Jul 21, 2015 |
It's well. Guys We need a plan B |
Re: US-Iran Deal: Nigeria Could Lose N333bn By Year End by hemartins(m): 10:05am On Jul 21, 2015 |
this is the right time to diversify our means of revenue. let's improve agro allied, tourism and local production. |
Re: US-Iran Deal: Nigeria Could Lose N333bn By Year End by signz: 10:05am On Jul 21, 2015 |
True federalism is the Answer 2 Likes |
Re: US-Iran Deal: Nigeria Could Lose N333bn By Year End by idris4r83(m): 10:06am On Jul 21, 2015 |
If all opec member states can agree and balance d oil output i think d value of oil might still rise up. |
Re: US-Iran Deal: Nigeria Could Lose N333bn By Year End by BrAkingNews: 10:06am On Jul 21, 2015 |
Re: US-Iran Deal: Nigeria Could Lose N333bn By Year End by Vaughan27: 10:06am On Jul 21, 2015 |
SaiBuharii:Lol snail baba ![]() 4 Likes |
Re: US-Iran Deal: Nigeria Could Lose N333bn By Year End by HDee(m): 10:06am On Jul 21, 2015 |
Where do you see all these ![]() ![]() |
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