asuustrike2009:

Hahaaaaaaaaaa. Am regretting my actions now because I was moved by propaganda media house

no! you are regretting your actions now because food don dry for your belle, and sense don return.

There are subtle ways of expressing anger. Not getting angry almost picking up a gun but getting angry and opening up your mind. All your comments depicts frustration, pain and suicidal. People that voted him no even cry like you do. Must you scream like a hungry man?
I doubt if you have any better thing to focus on like a job except getting worked out on nairaland and scouring any buhari topic. I doubt if u are a father as you always claim, if you are, then act your age, grow up and be responsible.

My question for you is WHAT IS THE SOLUTION? Before you blow up your brains.

AfonjasMustDie:
APC zombies and Buhari are the dumbest people on earth

They crucified and wanted to kill Goodluck Jonathan for introducing subsidy

What is happening now ?? Buhari the ignorant 90 years old farmer and his APC rats have ran to subsidy( which they called looting) to help them

This is just the begining

I want the economy to get worse

I want rice to be sold for 50 thousand naira per bag

I want everything to crash to the ground

This is what Zombies deserve for voting in an ignorant farmer as the president

I pray that Buhari will rule Nigeria for 100 years

This is just the beginning of the hardship

Kerosene was 120 naira when Goodluck Jonathan was the president and some idiots said that they want change, they voted for a 90 year old farmer and 1 year later a liter of kerosene is 500 naira

I pray that the price of petrol will increase to 9 thousand naira per liter so that these zombies will die of hardship

davodyguy:
This your post is filled with bullshit and nonsense

Your post depicts that of someone who's not educated at all. You're posting nonsense, with your rhetorics


Who's fault is it that the country isn't self sufficient in refined crude needs?


If they don't import, how will they satisfy wailers like you?


You just keep abusing logic and common sense.

Who regulates currencies and rates in a country?


That you have comprehension challenges isn't my fault. Instead of taking your time to read and decipher, you are hasty in posting nonsense and rhetorics

The guy u're insulting is correct. Nigeria spent about 1.677 trillion naira on petroleum products imports. So far, the biggest pressure on the naira has come from that sector and there is little the CBN can do about it.

http://www.vanguardngr.com/2016/12/nigeria-earns-n4-6trn-crude-oil-export-spent-n1-02trn-fuel-import/

porozhniy:
The guy u're insulting is correct. Nigeria spent about 1.677 trillion naira on petroleum products imports. So far, the biggest pressure on the naira has come from that sector and there is little the CBN can do about it.

http://www.vanguardngr.com/2016/12/nigeria-earns-n4-6trn-crude-oil-export-spent-n1-02trn-fuel-import/

You've still not helped his case.

Who's responsible for the challenges we are facing now?

hi guys please I'm in need of a video play out server ...hopefully Of Magicsoft tv systems anyone who could help shld please reply or send me an email on kelechiduri17@gmail.com . tank you

pls, can somebody explain to me if its a crime in nigeria to 've functionable refineries? why must we keep doing d same thing that is wrong, & expect things to work out fine? 6th world producer of crude oil, still importing fuel, its a shame. if crude oil goes down govt 'll complain, the citizens bears d brunt, now crude oil is appreciating gradually, the same govt want to complain again, so as to increase fuel price for d citizens to suffer. nawaooooooo. even lai don lie tired, he is now keeping mute & watching like all of us.

All these rubbish is happening and nigerians are keeping quiet! Famine is setting in, unemployment is On the rise, no single money has been recoverd in the so call fight against corruption, bokoharam is still a daily tragedy,naira has crashed, economy is sOffocating Etc my question WHY CANT THE YOUTHS OF THIS NATION MOBILIZED A CIVIL PROTEST? WHY SHOULD WE WAIT FOR OUR CORRUPT LEADERS WHO ARE RUNNING TO HIDE IN APC SO THAT BUHARI WILL NOT INDICT THEM?
Is fayoshe the only voice in this Country? If these things had happend in johnathans regime nigerians would have shot the Road to aso rock.
Its time for us to rise as a nation....this is democracy

davodyguy:


You've still not helped his case.

Who's responsible for the challenges we are facing now?

What challenges are we facing that other countries have not faced and manage before? If i may ask is crude oil the only source of revenue in the country? 0r is nig the only country affected by the fall in crude price, why are others not in recession?

ajepako:


that time wey you..lyangbali..babangbali..and notorious babe dey shout sai baba and carry sai baba for head like gala..you no know say na one chance..

Una eye don clear when una don chop una free rice...and indomie finish...

Tifun loran..

see who dey talk?no let me expose you o. When baba warned the erec-tion swear set you no trek from Oshogbo to sambisa forest with funjosh and vickyrotex because una wan make baba make you minister

enemyofprogress:
see who dey talk?no let me expose you o. When baba warned the erec-tion swear set you no trek from Oshogbo to sambisa forest with funjosh and vickyrotex because una wan make baba make you minister

IYANGBALI na who do you like this

Funjosh:




IYANGBALI na who do you like this

na who be iyangbali?you don't dey see double abi?

I don't blame Buhari, I only blame the silent opposition and the organised labour.

Bring back our refineries

look, there's something that is still baffling me about this oil price increase and our naira o. shay some people said our naira didn't depreciate much in Jonathan's tenure because oil price was high? how come oil price has been increasing ( from $32 to $55) and our naira is still going down rapidly? una no think say something else dey involved in dis our naira wahala?

davodyguy:
There's nothing wrong in what's happening.

Let me quickly clarify before dumbass analyst start talking nonsense.

Where we were

Sometime in December, 2015 the price of crude oil per barrel dropped to about $32 and the exchange rate then was less than N300 to 1$. At that time, the government. Marketers were making profit, without subsidy being paid.

2016 first quarter

By mid January, the price of crude oil started rising, and that was the time CBN started their failed policy on exchange rate. What happened then was that as the crude oil price increased, exchange rate to dollar also increased. This made landing cost of refined products to go up. You would recall that we experienced scarcity till May, 2016 when subsidy was finally removed. Why? Cos product was sold. (PMS) at N87 per litre and the differential was paid to marketers as subsidy.

May, 2016

Subsidy was removed. Exchange rate is now over 300 naira to a dollar. Hence we started buying PMS per litre at N145.

NOV, 2016

International price of crude oil rose to $50 per barrel and exchange rate is over N400. The landing cost would automatically increase. But since PMS price is still being regulated and pegged, no marketer would import a product at N145 per litre and still sell below cost price.

JAN, 2017

In order to avoid two things

1) Fuel Scarcity
2) Increased PMS price

NNPC is now importing 90%. of daily consumption of PMS so that Nigerians would not suffer.

So I wonder how some dunce will insult NNPC, when they're actually saving you.

The only solution now is for CBN to do something about the exchange rate and things would be back to normal.

Price not per barrel is about $53-54 and exchange rate is over N400 naira.

Price may remain $54 or even go higher as we pray and hope for. CBN must do something about the exchange rate and allow drop back to 300 or below. If this is done, things would balance up

How can CBN bring back the exchange rate back to #300 per dollar when the President have been a SHERIFF that has more media men rather than economic team?

And they are sharing #5000
Who is deceiving who

phantom24:


What challenges are we facing that other countries have not faced and manage before? If i may ask is crude oil the only source of revenue in the country? 0r is nig the only country affected by the fall in crude price, why are others not in recession?

Let me remind you that the worst recession faced by Nigeria was under Babangida after he wrestled power from Buhari. You may need to ask google for this fact or better check with NBS.Same babangida brought us out

For now oil, is the only source of earning billions of dollars within soonest possible time
Venezuelans are suffering, their case is even worse.

It was oil income that's always been stolen since Abacha's regime, and it was same that was stolen under GEJ in an unprecedented manner

To solve Nigeria's problems now oil and CBN have major roles to play

NNVanguard:


How can CBN bring back the exchange rate back to #300 per dollar when the President have been a SHERIFF that has more media men rather than economic team?

Godwin Emefiele was the one that fixed exchange rate at 285 naira to $1 dollar. Since then we started experiencing the free fall of naira.

Under GEJ, exchange rate was N160 to a $ and black market rate as then in January, 2015 was N200. That's like 40 naira difference.
As at today on the CBN website, N304=$1 and black market is N495=1$

If CBN's rate drops, Black market rate drops in return

davodyguy:
There's nothing wrong in what's happening.

Let me quickly clarify before dumbass analyst start talking nonsense.

Where we were

Sometime in December, 2015 the price of crude oil per barrel dropped to about $32 and the exchange rate then was less than N300 to 1$. At that time, the government. Marketers were making profit, without subsidy being paid.

2016 first quarter

By mid January, the price of crude oil started rising, and that was the time CBN started their failed policy on exchange rate. What happened then was that as the crude oil price increased, exchange rate to dollar also increased. This made landing cost of refined products to go up. You would recall that we experienced scarcity till May, 2016 when subsidy was finally removed. Why? Cos product was sold. (PMS) at N87 per litre and the differential was paid to marketers as subsidy.

May, 2016

Subsidy was removed. Exchange rate is now over 300 naira to a dollar. Hence we started buying PMS per litre at N145.

NOV, 2016

International price of crude oil rose to $50 per barrel and exchange rate is over N400. The landing cost would automatically increase. But since PMS price is still being regulated and pegged, no marketer would import a product at N145 per litre and still sell below cost price.

JAN, 2017

In order to avoid two things

1) Fuel Scarcity
2) Increased PMS price

NNPC is now importing 90%. of daily consumption of PMS so that Nigerians would not suffer.

So I wonder how some dunce will insult NNPC, when they're actually saving you.

The only solution now is for CBN to do something about the exchange rate and things would be back to normal.

Price not per barrel is about $53-54 and exchange rate is over N400 naira.

Price may remain $54 or even go higher as we pray and hope for. CBN must do something about the exchange rate and allow drop back to 300 or below. If this is done, things would balance up

...for your mind now you you be james. Bond of Buhari Economic strategies...the question is what resulted to this accelerated increase in just one year under Buhari?

psucc:
They should spare is these lies. it is obvious they are bent on price increase so let them do it.

It is our fault. How can a country with over 20m graduates decides to vote for an illiterate?

Big Full it has nothing to do with MR. President,let market forces determine the price like everywhere else in the world,no you Nigerians want cheap oil,jonathan your graduate what is his legacy in the oil sector?oh I guess malabu oil money sharing. Dangote has told you clowns sell of nnpc the nigerian government has no business in the oil sector. 90% of imported oil delivered by nnpc?una never start suffer yet.

davodyguy:


Godwin Emefiele was the one that fixed exchange rate at 285 naira to $1 dollar. Since then we started experiencing the free fall of naira.

Under GEJ, exchange rate was N160 to a $ and black market rate as then in January, 2015 was N200. That's like 40 naira difference.
As at today on the CBN website, N304=$1 and black market is N495=1$

If CBN's rate drops, Black market rate drops in return

If CBN drops the pressure on the forex increases more, thereby depleting more of our little forex reserve.

ArcSEMPECJ:
...for your mind now you you be james. Bond of Buhari Economic strategies...the question is what resulted to this accelerated increase in just one year under Buhari?

Poor foundation laid by the now defunct pdp. Please tell me ONE meaningful achievement of pdp in the oil sector in its 16 years in power that affected your life positively.

kings09:
Ask where is sarrki, madridguy, mrvitalis, omenka, hungerbad, seunmsg, ngeneukwenu, gmbuhari n their zombie team

you left out modath, by the way, I haven't seen her comment since late last year, I hope she is ok, and it's only the shame of buhari that is keeping her away

chronique:
Where did I blame buhari for the rot of the refineries? I actually thought I was talking to somebody sensible but it's obvious that's not the case. No wonder they refer to buhari supporters as zombies.

Thats all you are good for: Insults. Wen u are caught and called out after typing trash, all u do is insult. Nonsense. Gerrout pls

ScotsReferendum:


His government was better than that of Tinubu.

Ask Deltans

Your point plz??

sapele914:
Big Full it has nothing to do with MR. President,let market forces determine the price like everywhere else in the world,no you Nigerians want cheap oil,jonathan your graduate what is his legacy in the oil sector?oh I guess malabu oil money sharing. Dangote has told you clowns sell of nnpc the nigerian government has no business in the oil sector. 90% of imported oil delivered by nnpc?una never start suffer yet.

How does that mkt forces affect pump price in Nigeria . It does in the west not in Nigeria if it does ni one here can buy petrol. The market pump price is a er age N400 per litre .

NNVanguard:


If CBN drops the pressure on the forex increases more, thereby depleting more of our little forex reserve.

If price of crude oil increase, and there's limited attacks on export lines, then more dollars would be generated. What's happening is a simple logic

jadyclem:
look, there's something that is still baffling me about this oil price increase and our naira o. shay some people said our naira didn't depreciate much in Jonathan's tenure because oil price was high? how come oil price has been increasing ( from $32 to $55) and our naira is still going down rapidly? una no think say something else dey involved in dis our naira wahala?

A PC need to answer this . Or Economic gurus in 2017 have the answer

when Zombies were busy shouting sai baba sai baba sai baba I told them to reserve their strength for upcoming famine, now the famine is here I want them to echoes and wail lauder, zombies voted a clueless 90years Farmer to lead a country of over 20mil graduate, they haven't started crying, hunger will kill anyone of them that in one way or the other participate in this chain mantra , buhari must lead Nigeria for 5decade whether we likes it or not

Was dis wat dey promised us..
Youths i know d situations in d country has quicken our senses...no more mistakes come 2019...
I pray d government work wonders b4 den...
God increase our president wit wisdom to do good impartially..

blackpanda:
[s][/s]

Easy to sit behinde blogs and type trash. Building a refinery is not d same as building a house. Govt lacks both the finance and tech to build refinery. Besides it was not buhari that put our refinery in comatose state. Jonathan had 6yrs to fix it. He didnt. So why should we have voted for him

Its easy for wailers to nag because thats d only thing they r good at. Nag and hate. But its still inside this recession that govt is building bridges, rail, fixing airport and providing social welfare scheme. Things previous regimes didnt do despite their huge resources at disposal. Instead they were dashing their friends billions of dollars!

In the last 2 years what rail line did the FG build ?

davodyguy:


If price of crude oil increase, and there's limited attacks on export lines, then more dollars would be generated. What's happening is a simple logic

Have the FG taken proactive conflict resolution measures to curb pipelines vandalism? Has he retracted his 97% &5% theory?
Has he been really accommodating as a father to all?
All the unwise trade tariff policies his been unleashing to the economy, who do we blame?