5 Countries Crushed By Oil Price Collapse - CNN - Politics (3) - Nairaland
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| Re: 5 Countries Crushed By Oil Price Collapse - CNN by faksy(m): 7:54am On Dec 31, 2015 |
its time to focus on other product exportation rather on crude alone 1 Like |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by darlenese(f): 7:57am On Dec 31, 2015 |
.......and Lia Mohammed will say its GEJ's fault, and some gullible APC slowpoke will support him. 1 Like |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by segunpee: 7:59am On Dec 31, 2015 |
Such is expected. It could even be worse for Nigeria, but for expansionary budget of 2016, the effect can partially be cushion provided the budget proposed borrowing and implementation are successfully carried out. This is the time to watch and pray for Nigeria. A maa ri tiwa se l'oruko Jesu . |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by mumu9gerian: 8:00am On Dec 31, 2015 |
khassy:you arent wise, oil price had been falling before they won at least that of Nigeria I know |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by Sike(m): 8:00am On Dec 31, 2015 |
khassy: |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by dyn1800: 8:02am On Dec 31, 2015 |
Wailer be like will say blame Buhari for everything Demmocrats: |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by QuiverBox: 8:03am On Dec 31, 2015 |
Geesarki: Now that Buhari has touched the oil has the price gone up? 1 Like |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by oluseyiforjesus(m): 8:04am On Dec 31, 2015 |
publicenemy:Thank you Sir 2 Likes |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by lagosrd: 8:07am On Dec 31, 2015 |
Geesarki: Shows how backward thinking you are , with all you have read above and ur level of education, you still come here ti blame Jonathan. Na wa for you oooooooo |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by yapapa: 8:11am On Dec 31, 2015 |
darlenese:Lol ..Gej's puppy...that's wat u are. |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by gottliebglobal(m): 8:12am On Dec 31, 2015 |
segunpee:What expansionary budget are you talking about? Is it the one that plans to allocate 38 billion to oil exploration in the Chad basin when a barrel of oil is below $38.00 or the one that is trying to import luxury vehicles from Germany when our reserves is rapidly depleting or the budget that has a 2.2 trillion Naira deficit? Pls , enlighten us. Nigeria = Animal Farm |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by lagosrd: 8:14am On Dec 31, 2015 |
sweetboiy: All I see is that the budget is not agriculture focus. How much is budgeted on it? Even solid mineral resources. The problems lies with the recycled old legs we have in govt. By now we should have a strategy in place to compete with other countries in terms of other solid mineral in the world and agric. |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by darlenese(f): 8:17am On Dec 31, 2015 |
yapapa: Better than an illiterate Duara Dullard puppet |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by Rockyrascal(m): 8:18am On Dec 31, 2015 |
Abagworo: I will go and find out more about Venezuela's |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by amtaken(f): 8:19am On Dec 31, 2015 |
Another APC in Venezuela. Useless party. khassy: |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by yapapa: 8:28am On Dec 31, 2015 |
darlenese:if trully an Illiterate Dullard man is the one governing over this country, I have nothing to say than shame on your literate wise Father. |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by 2n2k(m): 8:33am On Dec 31, 2015 |
khassy: How did you derive that? Opposition won in Nigeria in March 2015. Oil prices started falling since mid-2014. In Venezuela, opposition won in November 2015, more than a year after oil price crashed. The logical conclusion (using this fact alone) should be that oil prices crash made opposition to win. 1 Like |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by kings09(m): 8:34am On Dec 31, 2015 |
Am sure u realize d meaning of ur moniker  debris: |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by Nobody: 8:36am On Dec 31, 2015 |
thank God Naija no dey there |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by 49cents(m): 8:37am On Dec 31, 2015 |
Keneking: For you to have constructed the paragraph tells me you went to school but for you to mention $40 BILLION without thinking about what you are typing is a big shame......do you even know how is in our external reserve sef  |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by Nobody: 8:38am On Dec 31, 2015 |
lagosrd:you have a point my dear. |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by irondome: 8:39am On Dec 31, 2015 |
jmichlins: Like seriously!!!, Buhari made a budget of 30% capital expenditure within a year of GEJ's 13% in the face of nosediving revenue. If GEJ had won, I bet he would have further crashed capital expenditure to < 5% and put the rest on chua-chua. 1 Like |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by Nobody: 8:47am On Dec 31, 2015 |
49cents: Okay $40million oga |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by jmichlins(m): 8:47am On Dec 31, 2015 |
irondome:he did well and must be commended but you will agree with me that there are flaws like the one I pointed out. Listen mate, Jona na one bad thing that happened to Naija and should never be used as a yardstick to comapare any president. All am trying to say is that Buhari should forget the mistakes of the past and carve a niche for himself |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by darlenese(f): 8:50am On Dec 31, 2015 |
yapapa: U're really pained !!! Anyway shame on ur bush father |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by Ehisnaruto(m): 8:52am On Dec 31, 2015 |
Haters will still blame GEJ for the fall of oil price..smh. |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by segunpee: 8:53am On Dec 31, 2015 |
gottliebglobal: Yes I mean exactly what I said- Expansionary budget. All the rhetorical questions you asked in your reply still aren't arguing against the fact that 2016 Budget is expansionary. I think you are probably an angry youth- at least- going by your conclusion. And you are right to be( if you want to). But should you make a strong argument against expansionary budget, I would take you on on that. Am not a govt apologist but exploring for more oil @ this time for me personally isn't sound economics(but politically for the govt it maybe wise). If the need for those new cars is critical I wouldn't blame d govt for buy them regardless of the position of the reserves. Now, for the deficit, it is inevitable already as d oil price has dropped markedly. And mind you our debt to GDP ratio is still low and can take on more debt, so far it will stimulate d economy efficiently so we can avoid d full-blown recession next year. |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by proxillin(m): 8:53am On Dec 31, 2015 |
There is no harm in fallen oil prices. Saudi is equally affected but they are not feeling it. But its affecting NIgeria gravely. Why? Because they have looted us dry! We do not have dollar power again. GEJ/PDP spent dollars like coins in the last election. |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by TeamSimple(m): 8:55am On Dec 31, 2015 |
publicenemy:They are much o.. 'the wailanders' |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by Geesarki(m): 8:56am On Dec 31, 2015 |
lagosrd: I quoted a guy who blamed d current govt whc was den opposition to hv been d cost of the drop in oil prices. Am fully aware of the trend nd causes. 1 Like |
next year. The government is unable to pay its bills, and food and basic supplies are in short supply.
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