showafrica:


Tell em...i ve said it before, oil need to dry up or become worthless before we can grow as a nation.

Politicians and Civil Servants that got "slots" from politicians would make sure we keep getting dependant on oil,

It will go down to $5 ....
Be ready....

iammo:


Politicians and Civil Servants that got "slots" from politicians would make sure we keep getting dependant on oil,

Politicians and civil servants practically do nothing. Thats why they commit all sorts of atrocities to get there.

grossintel:
And you think thats never going to happen? Its already here, trains have since switched to electricity so I'm not going to stress that. Here you go:

Electric Trucks

https://www.youtube.com/watch?v=0soMW15Lix4

Electric Bus

https://www.youtube.com/watch?v=ruUJly8l5s8

Heavily duty construction vehicle

https://www.youtube.com/watch?v=o_97v_pLj6c

why not calculate the cost of lithium or lead used in battery cells and see if this pipe dream is realistic, only nuclear powered grid countries can talk o of clean energy and we know few countries can boost of nuclear energy while most are crude gas turbine driven electricity

if anyone thinks green energy is an alternative right now then he or she is badly stucked on propaganda

Kendumazy:
I don't want to be minister of finance and CBN governor now. Only God knows all manner of meetings, calculations, brainstorming, consultations they will be having now. Mheen!

/
That's what you think. They are probably chilling right now. The government of excuses finally has a verifiable excuse manufactured for them. Don't hold your breath. Can you imagine Buhari brainstorming? In your dream.

\

CoronaVirusRelo:
We are going to drink our crude oil las las.

Workers should be paid with crude oil in jerricans and allowed to go look for buyers individually.

That’s the most reasonable thing to do right now

End times likely to commence this Passover--next 17 days.

https://www.nairaland.com/5748100/expect-end-times-commence-passover

iammo:


why not calculate the cost of lithium or lead used in battery cells and see if this pipe dream is realistic, only nuclear powered grid countries can talk o of clean energy and we know few countries can boost of nuclear energy while most are crude gas turbine driven electricity

if anyone thinks green energy is an alternative right now then he or she is badly stucked on propaganda

You argue unintelligently, now you want to argue over the cost of lithium batteries, so most countries use crude gas turbines to generate electricity and oil isn't at $150 yet? Oga please shift.

CoronaVirusRelo:
We are going to drink our crude oil las las.

Workers should be paid with crude oil in jerricans and allowed to go look for buyers individually.

if u become the president tomorrow, you go wicked pass your name

One nigeria is utterly wrong.
Its a huge mistake.

Germi9:

How he go better for them wen they filled the nation assembly with agberos and old Foo!s with naffin in their brains

My brother...am just speechless...things ain't just in order in dx country

RisenPhoenix:
Well at least, Russia seems to be starting to feel the pinch. They are putting out feelers to Saudi Arabia for a negotiation over the oil price war. Maybe we will hopefully see a resolution in the next month or two and prices back to $60.

Our government really needs to see the handwriting on the wall and hasten diversification. The failure of the past governments to do so should not be used as a benchmark for present and future governments to stay in the same place.

bros 5yrs is enough to diversify any economy in d world,stop blaming past govt

A country sitting on Gold, uranium, iron/steel and other precious metals and valuables yet mourning over drop in price of crude... I don't think God would forgive Nigerians on judgement day. How could you be blessed with almost everything but still live a lifestyle of someone who lacks everything? It's an insult to creation.

Now,what do we have here?Why are we here?So the Gospel of diversification been preached was all a ruse.The carelessness and non challant attitude of this present government is going to land this country in serious trouble.

We are in a tight spot and very difficult situation now.We have got to tell ourselves the truth and be very pragmatic in what we do to salvage the situation.

Eteka1:
I guess Buhari invented Corona virus to destroy the global economy. Your stupidity knows no bounds.

oil price was lower at some point during obasanjo era but we did not fall into recession because the president then was not just a cattle rearer

ornicus:
Trump you can see as your paddys whose diccks you have been succking all this while [MBS and Putin] no send you. they will fk over your precious fracking industry and the rest of the world in these perilous times. f-uck you and your enablement of MBS.

Trump already gave orders that all American oil reserved should be filled. they are actually gaining from this price crash

RisenPhoenix:
Well at least, Russia seems to be starting to feel the pinch. They are putting out feelers to Saudi Arabia for a negotiation over the oil price war. Maybe we will hopefully see a resolution in the next month or two and prices back to $60.

Our government really needs to see the handwriting on the wall and hasten diversification. The failure of the past governments to do so should not be used as a benchmark for present and future governments to stay in the same place.

what happened to all the diversifying you guys have been doing for close to 6 years?

Eteka1:
Is it possible to diversify the economy overnight?

Your masters were in power for 16 good years and yet your hypocrisy will not let you call them out for the failure.

This present Government has been doing all it can to diversify the economy by boosting the agricultural sector. But people like you have been at the forefront of trying to impede the effort.

And before I forget, how can someone be "dump"?

oil was lower at some point during obasanjo era but there was no recession because the president was not just a cattle rearer

iokpebholo:
bros 5yrs is enough to diversify any economy in d world,stop blaming past govt

I was not blaming past governments, but come to think of it, if 5 years is supposedly enough for full diversification of the economy (no other country has done it in such a short period, but let me humour you); then how many times over could your party have done it during its rule? Why didn't they?

nuti:
All under buhari govt, as was 1985 so is 2020. This man is a harbinger of nemesis to this country.

Comon
BaBu didn't invent Coronavirus

Lostz:
what happened to all the diversifying you guys have been doing for close to 6 years?

Since you put it so politely, it is impossible to fully diversify in such a short period. Especially coming from the zero base left behind by you guys even after over 2 decades of rule.

totowunmido:
it is called bad luck

So trump is bad luck, putin also, and every president are bad luck. Ok sir noted

,,,,,,states reject amount presented for sharing

Share the kudi

RisenPhoenix:


It is impossible to fully diversify in such a short period. Especially coming from the zero base left behind by you people even after over 2 decades of rule.

we didn't diversify but was still able to survive with lower oil price in 1999 to 2002.
we didn't even slide into recession so we should be able to survive in a government with diversification as their most important agenda

I pray that oil clash to 1 dollars, Nigeria have sense by force

nuti:
All under buhari govt, as was 1985 so is 2020. This man is a harbinger of nemesis to this country.

That has to be Photoshop

Lostz:
we didn't diversify but was still able to survive with lower oil price in 1999 to 2002.
we didn't even slide into recession so we should be able to survive in a government with diversification as their most important agenda

If you didn't use the 6 times longer opportunity to diversify then you shouldn't criticise those who have the vision to do so.

And Nigeria didn't enter into recession then despite the low oil prices because; unlike the present government; your party had just taken over from a responsible government with good fiscal and monetary policies and relatively lower corruption tendencies. After that, your party was lucky enough to feast on continuously high oil prices which could have been put to much better use for over 2 decades, but chose to hand over a comatose economy and a grossly mismanaged insurgency to the present government; which now gets all the blame.

Guy you wicked o�

CoronaVirusRelo:
We are going to drink our crude oil las las.

Workers should be paid with crude oil in jerricans and allowed to go look for buyers individually.

RisenPhoenix:


If you didn't use the 6 times longer opportunity to diversify then you shouldn't criticise those who have the vision to do so.

And Nigeria didn't enter into recession then despite the low oil prices because; unlike the present government; your party had just taken over from a responsible government with good fiscal and monetary policies and relatively lower corruption tendencies. After that, your party was lucky enough to feast on continuously high oil prices which could have been put to much better use for over 2 decades, but chose to hand over a comatose economy and a grossly mismanaged insurgency to the present government; which now gets all the blame.

what about the first recession buhari took us into with his stone age policies?

obasanjo actually took over a Nigeria in bad shape but was still able to steer it toward safety because of his policies and surrounding himself with sound educated brains.
obasanjo only saw oil prices as high as 2015(when buhari took over) in only the last 3years of his tenure

Lostz:
what about the first recession buhari took us into with his stone age policies?

obasanjo actually took over a Nigeria in bad shape but was still able to steer it toward safety because of his policies and surrounding himself with sound educated brains.
obasanjo only saw oil prices as high as 2015(when buhari took over) in only the last 3years of his tenure

Nigeria was not structurally in as bad a shape in 1999 as it was in 2015.

Oil price history to refresh your obviously flagging memory:

https://www.investopedia.com/ask/answers/030315/why-did-oil-prices-drop-so-much-2014.asp