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Nairaland Forum / Nairaland / General / Politics / Niger-Delta Avengers Bombings Affect Budget 2016 (19897 Views)
Buhari Said This While Signing Budget 2016 & What A Senator Said Abt It(pics / Budget 2016 Slashed From 500bn To 75bn / Buhari, Osinbajo & Udoma Scrutinising The Budget 2016 (2) (3) (4)
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Niger-Delta Avengers Bombings Affect Budget 2016 by rozayx5(m): 9:22am On May 09, 2016 |
LAGOS — The 2016 national budget just signed into law by President Muhammadu Buhari may have started suffering a major cash flow set back from oil revenue as prices shed $5 per barrel as at last weekend while output dropped further due to Chevron facility bombing just before the budget was signed, Friday. http://www.vanguardngr.com/2016/05/2016-budget-faces-cash-flow-emergencies-may-lose-n1-4trn/ 3 Likes 1 Share
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Re: Niger-Delta Avengers Bombings Affect Budget 2016 by ckmayoca: 9:39am On May 09, 2016 |
This is serious oh. 2 Likes |
Re: Niger-Delta Avengers Bombings Affect Budget 2016 by hucienda: 9:41am On May 09, 2016 |
These guys are fighting an ideological battle.. which is a difficult one to fight- and in this case a delicate one as it hampers the country's major source of revenue. Had it been we had other sustainable revenue sources, the state would've been able to call their bluff... but they know, as much as everyone knows, that the country depends on petroleum proceeds to function- hence their sabotage. These avengers are what I'd call 'Ivy League Militants' cos their modus operandi (they got online presence) and sophistication of their attacks sends shiver down the spine. Only God knows what they plan next. I do hope the FG and the Avengers come to an amicable resolution. 42 Likes 4 Shares |
Re: Niger-Delta Avengers Bombings Affect Budget 2016 by ridwanayo(m): 10:34am On May 09, 2016 |
Bubu should nt deal with this issue with force,he should learn from obasanjo nd try to negitiate,that's what makes a wise president nt force every time 22 Likes 5 Shares |
Re: Niger-Delta Avengers Bombings Affect Budget 2016 by Nobody: 10:46am On May 09, 2016 |
Oil dependency is not good. Also, the budgeted oil price benchmark of $38 per barrel came with expectation that in the event of production shortfall, which had been consistent since this year, a premium of at least 20 per cent on the price benchmark which gives about $45.6 per barrel, would make up for the losses arising from output shortfalls. Which brings me to this quote... For instance, if there is a decline in oil prices and oil revenue, the lagging and collapsing non-oil export sector will not be able to compensate for the drop in oil revenue while domestic demand for the non-traded goods and imports remain sticky. Consequently, the country will be forced to borrow from the international financial market to compensate for the decline in oil revenue. Over time, external debts will increase and so will the debt service obligations. Even when oil prices go up later and there is another round of oil windfall, it is difficult to correct the earlier damage or distortions created by the initial or previous oil windfall. In some cases, the oil exporting country may be forced to adopt some form of structural adjustment program (SAP) to correct such distortions or imbalances. Some of these SAPs are painful and may increase the prevalence, depth and severity of poverty(Sauce) We have been here several times before. And the reason why the bombing is going on is because Nigeria has not spent enough on techincal education....since we can just import technical skills from outside the country with oyel money....meaning that a lot of our youths leave school with no marketable skills.That is why many of the are running into the bush and blowing things up.. We can no longer rely on oil. Time the government faced facts and spent more on power and transport in this budget .....even if it means taking loans....so that we can forget oil....and solve our youth, unemployment and other problems with innovation and technology. 6 Likes 1 Share |
Re: Niger-Delta Avengers Bombings Affect Budget 2016 by shiffynaani(m): 10:46am On May 09, 2016 |
K |
Re: Niger-Delta Avengers Bombings Affect Budget 2016 by sanbell: 10:47am On May 09, 2016 |
We they watch |
Re: Niger-Delta Avengers Bombings Affect Budget 2016 by SKAMM(m): 10:47am On May 09, 2016 |
ok |
Re: Niger-Delta Avengers Bombings Affect Budget 2016 by Dollyak(f): 10:48am On May 09, 2016 |
Irrespective of anyone's political inclination there is no justification for this havoc. The response of this so called avengers is short sighted and counter productive for whatever cause they are promoting. Let them face the full wrath of the law. 6 Likes |
Re: Niger-Delta Avengers Bombings Affect Budget 2016 by Nobody: 10:48am On May 09, 2016 |
ridwanayo: You mean Yaradua.....OBJ had a no negotiation policy. 9 Likes 2 Shares |
Re: Niger-Delta Avengers Bombings Affect Budget 2016 by orobs93(m): 10:48am On May 09, 2016 |
I am from edo state And I condemn NDA 3 Likes |
Re: Niger-Delta Avengers Bombings Affect Budget 2016 by SleekAboki: 10:48am On May 09, 2016 |
Buhari can be likened to Nwa Nza that after feeding fat challenged his chï to a wrestling contest. You insult the 5% constituents and threaten them with military obliteration forgetting that they strategically got your balls and neck? Every attempt to use force on the avengers will surely backfire. 73 Likes 8 Shares |
Re: Niger-Delta Avengers Bombings Affect Budget 2016 by Nobody: 10:49am On May 09, 2016 |
Buhari should deal with ND advengers "silently",same way he's dealing with fulani herdsmen. 29 Likes 5 Shares |
Re: Niger-Delta Avengers Bombings Affect Budget 2016 by DONMAYOR19(m): 10:49am On May 09, 2016 |
if I hear pin, they said they don't want our oil, make anybody no complain o. zombie quote me wrongly and suffer epilepsy. 22 Likes |
Re: Niger-Delta Avengers Bombings Affect Budget 2016 by Nobody: 10:50am On May 09, 2016 |
The military should intensify the bombing of the creeks and ensure they level the SS if they meet firm resistance. We South westerners once fed the whole country with cocoa money before oil was discovered and we never resorted to economic sabotage. Wipe them out of the map. Nothing will happen 12 Likes 2 Shares |
Re: Niger-Delta Avengers Bombings Affect Budget 2016 by Nobody: 10:50am On May 09, 2016 |
I'm from Edo and I'm in full support of the NDA. Let's see how the military will win this battle. No more free oil for hausa/fulani and their yoruba counterparts. These people are choking us in this country. Their demands are quite simple. PMB should negotiate with them or better still simply divide the rotten country. I'll even start mobilizing the youths in my community as soon as I return home to continue from where NDA stopped. I'll encourage them to start blowing up pipelines or oil installations in every oil producing area in Edo state. 63 Likes 10 Shares |
Re: Niger-Delta Avengers Bombings Affect Budget 2016 by Jediel1(m): 10:50am On May 09, 2016 |
I can't imagine people with brains and blood be so stupid, people will b fighting to uplift their country others will b planning on crumbling it. Even a dog does evrytin it can to protect its master. Some people need to take book and biro and take lectures from the animal kingdom maybe then they will gain sense. 7 Likes |
Re: Niger-Delta Avengers Bombings Affect Budget 2016 by presido997(m): 10:50am On May 09, 2016 |
there z God oooo |
Re: Niger-Delta Avengers Bombings Affect Budget 2016 by rozayx5(m): 10:51am On May 09, 2016 |
hucienda: zombies think otherwise in their mind they think ND is one forest called samibisa that you can surround roll tanks into and do damage. they forget the following facts the ND is very large. there are thousands of km of pipelines. the avengers dont look like illiterates , they do deep sea diving and bomb underwate pipelines, sounds like they have marine engineers among them. they are very technical and rolling tanks into a swamp is not possible. sending soldiers into a swamp they know nothing about is bidding them farewell. my uncle once described an attack on their navy vessel. he said the bullets came from everywhere they cud not see who to return the fire to. they own the swamps . they know it more than the NA . ASK the US what happened in vietnam and you will know that the new sheriff in town crew are joking 72 Likes 11 Shares |
Re: Niger-Delta Avengers Bombings Affect Budget 2016 by snika: 10:51am On May 09, 2016 |
Let them use our oyel in Ondo State and Lagos State to handle the deficit na 17 Likes 4 Shares |
Re: Niger-Delta Avengers Bombings Affect Budget 2016 by Nobody: 10:52am On May 09, 2016 |
The foundation for our current woes was set in the 70s when opec held the world to ransom. That set the US on the path to energy independence. Even if fracking is stalled, there are still electric cars. These afenkas are setting the same stage for the ND. The gradual and determined sourcing for alternatives. Why else would nnpc be prospecting for oil in the Chad basin? The oil majors have already retreated offshore. Next will be a phased exodus from the region, with divestment to shady Nigerian interests. 8 Likes 2 Shares |
Re: Niger-Delta Avengers Bombings Affect Budget 2016 by BiafranAmerican: 10:52am On May 09, 2016 |
Fear factor. The marginal differences arising from low pumping will be evened by the excess and positive price differentials. So who ever the keyboard junkey is, that is already providing under performance excuses to this innefectual government needs to understand that even if everyone is zombified there are other learned people who still "full ground". We will be the eternal opposition in this democracy. in fact without criticism price of one tomato will reach one thousand naira all because of a failed government. 5 Likes 1 Share |
Re: Niger-Delta Avengers Bombings Affect Budget 2016 by Nnemuka(f): 10:53am On May 09, 2016 |
Apparently aware of the implications of these sudden developments last weekend while signing the budget, President Buhari said: “We are working night and day to diversify the economy so that we never again have to rely on one commodity to survive as a country.” cliche... too much talk less action. Buhari must negotiate with NDA since he publicly announced on aljazeera that Nigeria will negotiate with Bokoharam for the sake of 200 chibok girls, lets see how you will solve issues concerning 170million Nigerian's. 12 Likes |
Re: Niger-Delta Avengers Bombings Affect Budget 2016 by Nobody: 10:54am On May 09, 2016 |
issokay. |
Re: Niger-Delta Avengers Bombings Affect Budget 2016 by cuteraeh(m): 10:55am On May 09, 2016 |
last last this goes to show how dependent the country is on the oil from the south... No oil no Nigeria 3 Likes |
Re: Niger-Delta Avengers Bombings Affect Budget 2016 by sucess001(m): 10:55am On May 09, 2016 |
Buhari should go and get Iron Man, Batman and Spiderman to face them jorr 5 Likes |
Re: Niger-Delta Avengers Bombings Affect Budget 2016 by dejii01(m): 10:55am On May 09, 2016 |
If you want to write good English, write it well. 2 Likes
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Re: Niger-Delta Avengers Bombings Affect Budget 2016 by Nobody: 10:58am On May 09, 2016 |
osabuohein: I hope u won't blame Buhari when a sachet of pure water becomes 50naira or when you have no light in your area for months since you support pipe vandals and economic saboteurs. Foolishly u forgot it's the poor masses like you and your fellow SS people that will suffer. Buhari and his fellow elites will never be poor till they leave this world. Keep encouraging madness 18 Likes 2 Shares |
Re: Niger-Delta Avengers Bombings Affect Budget 2016 by Flets: 10:58am On May 09, 2016 |
I will repeat this for the for the world to hear, the only hope for united Nigeria is true federalism. No nation disunited in purpose can make progress. We are our enemies. Buhari is an utter failure on all fronts. How on earth does he plan to win such battle with force? Where was he when Abacha grounded Ogoni, Obasanjo levelled Odi, Yaradua moves etc? What led to the amnesty program in the first place? How does he intend to continue oil production if he wars in the creek? Just a lil explosion and Shell evacuates staff... a lil more explosions and wells will be shut in by all the IOCs. With Bokoharam, Fulani herdsmen, IPOB, NDA, poverty in the land, hungry masses, No revenue to fund budget, dead economy..... anarchy beckons while Buhari continue to fight political enemies. Its very clear anyway, Nigeria will grind to a halt and then we can painfully adopt true federalism if we eventually survive. Smart folks have seen the hand writing clearly and already planning alternative settlement outside the shore of the contraption called Nigeria. 20 Likes 5 Shares |
Re: Niger-Delta Avengers Bombings Affect Budget 2016 by rozayx5(m): 10:59am On May 09, 2016 |
wastedsperm: same way you blamed gej . nothing new here 19 Likes 1 Share |
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