5 Countries Crushed By Oil Price Collapse - CNN - Politics (4) - Nairaland
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| Re: 5 Countries Crushed By Oil Price Collapse - CNN by Geesarki(m): 8:58am On Dec 31, 2015 |
9jatatafo: I quoted a guy who blamed PMB's govt 4d drop in oil prices. Thats why I took him down d memory lane. |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by whadda(m): 9:02am On Dec 31, 2015 |
The beautiful thing about this oil price fall and rise is that we have many other sector yet untapped we still get big lifeline guys make people no dey scare una....na oil producing countries weh no get alternative na him I dey pity for. |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by marcelifeh(m): 9:02am On Dec 31, 2015 |
Make them no add power cut join o. That problem has been there right from the days of John d baptist |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by babafirst(m): 9:03am On Dec 31, 2015 |
CNN leave that matter abegi,when the oil price was 133,USD per barrel in 2008 Jun and Jul or when oil price was dancing serious makosa at 100 USD around 2013-2014 (averagely) under Uncle Jona( www.forecast-chart.com/chart-crude-oil.html) what did we do with the money  Oil hovered between 3 -30 USD in the 70s(although some may argue the dollar had more value then) and Naija survived and even fared better. Oil price at 10 USD with PMB in charge is greater blessing than oil price at 500 USD PER barrel with a recklessly clueless spender,corrupt and weak leader like Jona or an infinitely corrupt Atiku in charge.1 Like |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by preetyb(f): 9:12am On Dec 31, 2015 |
Geesarki: Bad luck yet u were still able to feed three times a day without the fear of tomorrow Badluck but yet u didn't lack as much as u do now Badluck yet the economy was surviving. What about now? Can u bodly beat ur chest and point out just one of the good thing this govt has brought you?. So many woes are befalling this country since buhari came into power yet u don't know it even though u are suffering it instead u and him keep pointing fingers to blame someone else for the woes u ve brought upon urselves. We all know the past administration was not perfect and that is why ur master was given the chance cus he claimed to have the magic wand that will heal our land but obviously he has and knows nothing except to point accusing fingers at others. |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by Nobody: 9:13am On Dec 31, 2015 |
With this duara dullard Nigeria is heading to lagoon, a man who haven't done anything positive to help his people since he left office of the president in 80s is now the president of a country, what a tragedy  Buhari is the worst thing that ever happened to Nigeria, a man who supported boko haram when he said that fight against boko haram is fight against the nort |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by amtaken(f): 9:13am On Dec 31, 2015 |
Propagandists doing everything to convince gullible people that Nigerian gross economic recession is not as a result of their acute lack of economic knowledge/ideas. How come you never listed other countries affected by insurgency eg Iraq, Afghanistan, Pakistan etc when you took advantage of the Boko Haram activities to bring down GEJ's government? So many developed countries in the world don't have a single oil in their land yet they are progressing. If the oil price is dwindling, devise other means of boosting our economy, that's why you were 'voted' for. Quit giving us excuses. Start working. 2 Likes |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by attention007(m): 9:14am On Dec 31, 2015 |
Nigeria should diversify else we will use our crude oil to fry plantain |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by Nobody: 9:17am On Dec 31, 2015 |
attention007: I pray let crude oil never sell for 1naira 1 Like |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by Asiwaju9ja(m): 9:21am On Dec 31, 2015 |
sammychimex: Na 3billion BMW cars be Naija problem? 40billion when Dasuki throway no be problem? Atleast you see BMW from the 3billion? Wetin you see from the 40billion? These guys una dey make me shame sometimes. |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by samfibby(m): 9:25am On Dec 31, 2015 |
To make our own case pathetic, of the five countries mentioned, only nigeria imports refined fuel and suffers epilecptic power supply. |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by Atlantian: 9:27am On Dec 31, 2015 |
Wetin concern me with Nigeria's problem ? When the cash was there, nothing was working. In fact I am even happy the way the country is falling. May the politicians suffer in the name of Amadioha and Sango |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by yapapa: 9:35am On Dec 31, 2015 |
darlenese:hahahaha...pained? u are d pained shameless goat here...and I repeat shame on ur useless literate brilliant father if truly a dullard illiterate man is governing over him. |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by Nobody: 9:43am On Dec 31, 2015 |
coolcharm: You fucking arrogant Nigerian. Everything is not about you. Did you not see countries in the list that are wayyyy better than Nigeria? Because you have be a plan to diversify your economy makes this fact based write up bullshit?!! So what is it if like the past 16 years Nigeria fails to diversify your economy?! |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by Nobody: 9:47am On Dec 31, 2015 |
Geesarki: Wetin concern Mbaka with economics? Is he the standard that OPEC uses? Oil price rose under Goodluck more than it dropped. Stop using religion to substitute knowledge. |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by 9jatatafo(m): 9:53am On Dec 31, 2015 |
Geesarki: Ok fella 1 Like |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by darlenese(f): 9:59am On Dec 31, 2015 |
yapapa: Hahahahhaha I can see u are already feeling suicidal Ur father is the shameless he-goat |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by WaffenSS(m): 10:01am On Dec 31, 2015 |
20pounds: I think he's actually more concerned with making the north an agric exporting region. Having local oil is also a good thing, as there'd be no need to pipe or truck it all the way up, with the attendant costs and vandalism. |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by Fawklicant: 10:05am On Dec 31, 2015 |
khassy: Oppositon won in the two countries and ruined all enduring legacies of previous administration. Anyways, the whole oil price slump is targetted mainly at Russia to weaken the economy and their propensity to prosecute any war. Let us see how it goes. |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by Amanwulu1(m): 10:09am On Dec 31, 2015 |
Asiwaju9ja:d same way saudi, russia, venezuela's were looted dat brought dem to whr they are today. Saudi recorded N27trillion naira deficit in one year n it's looters dat caused it. Tell d messiah to diversify d economy frm oil n stp his planned waste of N38B to look for oil in d lake chad basin, same oil dat is becoming rubbish. What kind of advisers does he have? |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by yapapa: 10:14am On Dec 31, 2015 |
darlenese:your mumu is epic...lmfao. feeling suicidal over d shame of your useless father ? abeggy..go siddon. and its obvious not only he is useless but definition of dumbness and stupidness as well. you are truly his child cos u possesses those qualities perfectly well. |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by gottliebglobal(m): 10:21am On Dec 31, 2015 |
segunpee: My Bros, firstly, I have passed the mark to be considered a youth in general terms. Thank you. What you are talking about is an espansionary fiscal policy since one cannot technically claim that a budget is espansionary. Permit me to enlighten you and other readers here. Expansionary fiscal policy seeks to decrease tax, increase Government expenditures or try to do both with the goal of fighting inflation. When taxes are decreased, people have more disposable income and tend to spend more. This stimulates the economy because the more people spend, GDP increases. Also, a decrease in taxes sends a message to the business community that Government is interested in reviving the economy. This increases business confidence which in turn increases private investment. Government expenditure is a component of GDP, therefore an increase in Government expenditures increases GDP directly. The bottom line is that the increase in GDP as a result of decrease in taxes and increase in Government expenditures is much more than the initial decrease in taxes or increase in Government expenditures due to the multiplier effect. Let me break it down with this example. Country A has an inflation rate of say 7%, as compared to a historical average of 3%, unemployment rate is low @2%, as compared to natural unemployment rate of 4%, budget deficit of 5% and a GDP growth rate of 6% as compared with AGR of 3%. Country B on the other hand has 1% inflation, 8% unemployment as compared to historical average of 4%, budget surplus of 4% and GDP growth rate of 1.5%. Which Country would one most likely recommend expansionary fiscal policy? 1 Like |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by phemray(m): 10:34am On Dec 31, 2015 |
Most people fail to understand the working principle of the nature n apply it to all their doings. 1. All that have beginning must have end no matter how long.- always apply dis to your daily doings in relating with people etc 2. All DAT is sweet or bitter will always get to its peak stable for sometime n nosedive to d button to restart( shares , oil prices, businesses etc). 3 no life champion or a permanent conditions no matter how long So oil price is down n it will surely get to zero, no blame d present govt cos it has been destined DAT the oil price will crash n some1 shall be d president at that time. Blame shld go to the previous corrupt leaders that put Nigeria in bad shape 4 a long time, I see IBB as d beginning of Nigeria problem as he met fuel price at 70k n left it at 11 naira n spoilt naira value making few guys millioners from geopolitical zones.too bad. Anyway I strongly believe , Naija will bance back. Amen |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by holar2ge(m): 10:36am On Dec 31, 2015 |
jmichlins: It seems u didn't watch the presidential chat, because you could ve seen the reply he gave when asked abt d #4billion allocated to buying of Bmw cars. |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by gottliebglobal(m): 10:37am On Dec 31, 2015 |
Low inflation, high unemployment, budget surplus and low growth rates indicates that Country B is facing recessionary pressures which makes it a candidate for expansionary fiscal policy. On the contrary with Nigeria which has a Debt to GDP of 10.5% (low according to segunpee), high inflation @ 8.7%, high unemployment @ 9.9%, and a budget deficit of 2.2 Trillion out of a total budget of 6.07 Trillion. How in God's green earth would an expansionary fiscal policy pulls us out of our present economic doldrums? ?? |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by haconjy(m): 11:00am On Dec 31, 2015 |
Demmocrats: that means u don't blame GEJ too for that too... |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by haconjy(m): 11:04am On Dec 31, 2015 |
Asiwaju9ja: did he not see that before he join the race... he should have gotten a solution before he was elected... to tell u the fact, economically, Nigeria will not grow next year from this deficiency budget... we need DIVERSIFICATION... simple 2 Likes |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by Nobody: 11:27am On Dec 31, 2015 |
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| Re: 5 Countries Crushed By Oil Price Collapse - CNN by Asiwaju9ja(m): 11:33am On Dec 31, 2015 |
Amanwulu1: Yes that is what we are watching to see how he is going to do it. You think say many so e easy? Make una pay tax to raise IGR una go gree? Go back to farming una go gree? Developers the solid minerals sector una go gree? Watch them do it before una start to talk like spoilt children. |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by sammychimex(m): 11:40am On Dec 31, 2015 |
Asiwaju9ja: If u and your APC govt ke |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by sammychimex(m): 11:47am On Dec 31, 2015 |
Asiwaju9ja: If u and your APC govt keep calling GEJ and blaming dasuki for all issues u had over 12 years to study, understand and profer solutions to. Very soon u will all become predecessors like the pdp govt. I hope your successors will have something better to say. Keep blaming till 2019... We know what to do. |
| Re: 5 Countries Crushed By Oil Price Collapse - CNN by UltraSphinx(m): 11:50am On Dec 31, 2015 |
Demmocrats:Russia Has Never Been Financially Buoyant like U.S and her (russia's) european arch rivals, and this misfortune is as a result of the heavy economic sanctions imposed on them by the united nations. but however, russia still calls the shots when it comes to defence and weapons of mass destruction -(you-know-what-i'm-saying)- |
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