Sunnycliff:


It means we are in deep poo in our economy because our budget is funded by 50+% of oil revenue.

Our government will have to borrow more in addition to the over #1trn debts we are owing.

SenecaTheYonger:


On your path?

RaptObserver:
This could have been good if Dangote refinery were operational now

staga:
$29 a barrel for light crude. Naija is in serious trouble.

Ausrichie:

Okay. Nigeria would soon die then, make we kukuma borrow 7trillion economists have been crying that our economy should be powered by agriculture but no our worthless and greedy fools at the top only want to borrow and live on oil money rubbish. Abeg if anybody wan colonise Nigeria make them colonise make person run commot for this hole.

CanadaOrBust:


Go back and read the rest. That’s why it is not good to reply too quickly

angelfallz:
Nigeria is in trouble honestly!!

Sunnycliff:
Can Fashola say that again?

RapistOnBail:
No! Don't wait for Government to provide you a good life. Work for it.

The governments responsibility is to create Peace and harmony in the country. This leads to a favorable market sphere for both local and foreign investors.

Nigerians want to be spoon fed by the Government

Lazy human beings

seguno2:


Why not if not?
He is a honest politician who is always on the side of the masses. Thank God for his life.

Ausrichie:

Okay. Nigeria would soon die then, make we kukuma borrow 7trillion economists have been crying that our economy should be powered by agriculture but no our worthless and greedy fools at the top only want to borrow and live on oil money rubbish. Abeg if anybody wan colonise Nigeria make them colonise make person run commot for this hole.

seguno2:


Why not if not?
He is a honest politician who is always on the side of the masses. Thank God for his life.

Sunnycliff:


I for say make them sell Nigeria and share the money to everyone. Even if say na #1k I get, I no go complain

RapistOnBail:
No! Don't wait for Government to provide you a good life. Work for it.

The governments responsibility is to create Peace and harmony in the country. This leads to a favorable market sphere for both local and foreign investors.

Nigerians want to be spoon fed by the Government

Lazy human beings

sulaak:
The OPEC Plus agreement between Saudi Arabia and Russia was bound to fail, due to the overproduction of US Shale oil and now with oil racing toward a low of $25 per barrel only low production countries in the middle east can make a profit from oil export, for Nigeria, the failure to diversify its economy is now looking like a disaster.

How will Nigeria generate $5-10 billion per annum to service its debt? Maybe, Nigeria should consider cancelling the planned $22 billion loan immediately and focus on a debt restructuring programme for the remaining $90 billion.

SenecaTheYonger:


Even if that's their only job, they'll still fail at it. They're failing very well right now. They're not creating favorable work conditions, instead they're suffocating locals and foreign investors

Ausrichie:

I know but is it not stupid that your country would be borrowing money for rubbish, just to loot borrowed funds. Think am. When it comes to repaying the borrowed loot both the business class, the working class and the lower classes would suffer it bet me now. This rubbish increase in tax is killing somebody data no dey last again, power supply worse than before, lack of water supply (some states don't even have a water system), this is the government's JoB. Abeg I hope this MIT shit I wan do go click, Africans disgust me in general with their happy being oppressed mentality.

sulaak:


Nigeria has four refineries with a refining capacity of 445,000 barrels (70,700 m3) per day, why are the refineries not working? The president is the Federal Minister for Petroleum and has been head of this portfolio for the past 5 years.

Maybe it's good that oil price has plummeted, as this will lead to the demise of the opaque and useless NNPC.

RapistOnBail:
Since you can type this without Any oppression, then an average Nigerian can find Nigeria favorable to do business.

SenecaTheYonger:


Your argument is not making sense. You said the govt.'s only job is to create security, how come no one invests in the North which is 70% of Nigeria's landmass, a lot of bizmen have been forced to flee because of Boko Haram. So I say to you, even if the govt.'s only job was security, they'll still fail big time. They're failing very well right now.

RapistOnBail:
Loans, Grants, financial assistance, debt, are being used by successful business men.

LOAN is BAE to ENTREPRENEURS but a BURDEN to NORMAL human beings

SenecaTheYonger:


I need to read the article to know Nigeria is oil dependant? Or that cheap oil translates to cheap gas in US?

Ausrichie:

But not everybody is made for business that is why there are shares. And loaning to buy shares is sheer stupidity.

RapistOnBail:
I could sense a lack of self confidence and also a BLAME game from you.

Believe it or bad, the north has some of the sanest climate in Nigeria. You wouldnt understand this if your brain has been programmed to believing on a General false Assumptions