Just40:
you still dont get it
even if they budgeted 70 dollars
They are cashing in big because of subsidy as a consuming nation

I think you don't get the implications

Just40:
Exactly

production was supposed to underwrite your government liability
But since your side under performed because Ghana sabotaged Tullow production here, Tullow has decided to pull out of Yout country.

And according to the contract, if they do that, your government owes them those liabilities.



Pay up before they take you to court and seize the entire kenya.


See what Ghana is doing with That 100 million dollars,
we are building more special isolation centers for all our Regional hospitals.

Whiles kenya is busy stealing Germany governm,et supplies

oil is the past..the future is renewable energy so I am happy if we miss that oil bus

obaaderemi:
And government is fighting it slings private and big business help. Do you see why people consider you immature?
Don't let rvp, the illiterate roadside economist infect you.

When private people help it is good
But it is not for show off like you guys are trying to do here
Jack ma helped the African continent the Chinese are not gloating about it

Just40:


IMF said we are too rich
The money is for broke countries like Kenya

No man they told you to man up...17 bailouts is too much...

Austine1212:


I think you don't get the implications

Exasperating

theenchanter:
i hope u posted this as a joke and not for real?

No it wasn't a joke

with a price decline
it means they will have enough money left.

rvp20182:
Consuming nation - Do you think they will even have money to buy back refined oil from India . You see after Indians buy their oil at 20 dollars - Nigeria would still have to buy it back.The normal long line of queues and fuel shortages will become worse.

mtisTheQubit:

No man they told you to man up...17 bailouts is too much...

Yes this time round the daddy also broke..it going to be a bloodbath

mtisTheQubit:

You should worry about oil prices man...the projection is that it aint coming back...

Coronavirus only came to compound your misery...

Owino said the country's economy may take longer to recover from the effects of the unfolding economic recession "not necessarily because of the impacts of this outbreak" but due "to the fact that Kenya's economy had already slowed down and was a weak economy to start with".

"Last year, we already lost jobs, and the recession in Kenya was going to happen, nevertheless. Now this only makes it worse. And many businesses that were teetering on the verge of collapse will not make it back alive

https://www.google.com/amp/s/www.aljazeera.com/amp/ajimpact/covid-19-kenyans-brace-tough-times-economic-shock-looms-200329053436760.html

rvp20182:
The long term prediction is 10 dollars..a barrel.

For any country depending on oil it will be pain for a long time...actually i feel like china is enjoying the weak oil price an making sure it remains like that for a long time...people are also talking of evs not oil guzzlers

Just40:
with a price decline
it means they will have enough money left.

They don't have the money to pay their army leave alone buying fuel if oil drop to 10..0r you mean even if oil drop to a dollar..they will still be okay

Danielnino00:


Rich men all over the world are donating millions .
Where are the rich men in Kenya?

They have donated go to our slums you will see they are helping the poor
We are not gloating about it

mtisTheQubit:

For any country depending on oil it will be pain for a long time...actually i feel like china is enjoying the weak oil price an making sure it remains like that for a long time...people are also talking of evs not oil guzzlers

Global recession..no demand..only Saudi and such will produce n sell at profit.Nigeria will get zero because the cost of production is around 20.

tylann:

When private people help it is good
But it is not for show off like you guys are trying to do here
Jack ma helped the African continent the Chinese are not gloating about it

We aren't showing off mate...we are just trying to let you little Indians understand that we aren't yet in trouble ... It isn't yet time for us to run to big daddy IMF for help like u did..

Where are the rich men and coporate bodies in Kenya?
What are they doing to help your government fight the virus ?

mtisTheQubit:


Brent crude was down four percent Friday afternoon at $27.50 per barrel. US crude was five percent lower at $21.47 per barrel.

oil price can fall to 10 dollars and Nigeria will not brace through it without much damage at least for 4 years.

Kenya will not survive even one year of COVID

you are already broke and asking IMF for help

Danielnino00:



Coronavirus only came to compound your misery...

Owino said the country's economy may take longer to recover from the effects of the unfolding economic recession "not necessarily because of the impacts of this outbreak" but due "to the fact that Kenya's economy had already slowed down and was a weak economy to start with".

"Last year, we already lost jobs, and the recession in Kenya was going to happen, nevertheless. Now this only makes it worse. And many businesses that were teetering on the verge of collapse will not make it back alive

https://www.google.com/amp/s/www.aljazeera.com/amp/ajimpact/covid-19-kenyans-brace-tough-times-economic-shock-looms-200329053436760.html

our revised growth is 3.4 % from 6%..what about yours....from 2% to what? an forget about the coronavirus..lets talk of oil at $10 per barrel..real pain man

theenchanter:
the blue are those that drive on right hand while the red are those that drive on d left hand

U just shot urself.. learn ur sources carefully before posting 'em.

It wasn't a competition, and no the RHT is used in 165 countries and territories, with the remaining 75 countries and territories using LHT.

tylann:

They have donated go to our slums you will see they are helping the poor
We are not gloating about it

Oh. There's coronavirus in the slums already?

Austine1212:


I think you don't get the implications

the implication is that Nigeria has a buffer to last them 3 to 4 years

Just40:


oil price can fall to 10 dollars and Nigeria will not brace through it without much damage at least for 4 years.

Kenya will not survive even one year of COVID

you are already broke and asking IMF for help

if their economy is around 90% depended on oil then explain the bolded man..about IMF aint you niggas hypocritical..the first thing you did is to run to imf...typical WAs reasoning

mtisTheQubit:

our revised growth is 3.4 % from 6%..what about yours....from 2% to what? an forget about the coronavirus..lets talk of oil at $10 per barrel..real pain man

my prediction.even with all cooking..they will see -10%.It just not covid bit also oil dropping like dead

rvp20182:
oil is the past..the future is renewable energy so I am happy if we miss that oil bus

oil will keep running the global economy for another 100 years

until then, renewable energy is just noise

Danielnino00:


Oh. There's coronavirus in the slums already?

No corona virus in slums here man.. but lagos being a slum then will can say ya already got some in your slums heh

Just40:


oil price can fall to 10 dollars and Nigeria will not brace through it without much damage at least for 4 years.

Kenya will not survive even one year of COVID

you are already broke and asking IMF for help

Stop smoking weed

Danielnino00:



Coronavirus only came to compound your misery...

Owino said the country's economy may take longer to recover from the effects of the unfolding economic recession "not necessarily because of the impacts of this outbreak" but due "to the fact that Kenya's economy had already slowed down and was a weak economy to start with".

"Last year, we already lost jobs, and the recession in Kenya was going to happen, nevertheless. Now this only makes it worse. And many businesses that were teetering on the verge of collapse will not make it back alive

https://www.google.com/amp/s/www.aljazeera.com/amp/ajimpact/covid-19-kenyans-brace-tough-times-economic-shock-looms-200329053436760.html

Everyone in the world is facing tough economic sanctions is Nigeria immune

Just40:
oil will keep running the global economy for another 100 years

until then, renewable energy is just noise

Global warming will see it declared illegal by 2030.The same with coal.Many countries already have such legislation.

Justnotyou:


It wasn't a competition, and no the RHT is used in 165 countries and territories, with the remaining 75 countries and territories using LHT.

RHT..... right hand traffic = left hand drive. LHT.... left hand traffic = right hand drive.

Yeah, its not a competition.

the Kenyan economy is badly damaged and Covid has made it worse as global supply chain are grounded.

no more cannibalism for the kenyan economy.
The Ghanaian government is spending big and kenya cant afford to.

mtisTheQubit:

No man they told you to man up...17 bailouts is too much...

rvp20182:
Yes this time round the daddy also broke..it going to be a bloodbath

..ati daddy is broke

i cry for the 90% hand to mouth kenyans
hunger

Danielnino00:



Coronavirus only came to compound your misery...

Owino said the country's economy may take longer to recover from the effects of the unfolding economic recession "not necessarily because of the impacts of this outbreak" but due "to the fact that Kenya's economy had already slowed down and was a weak economy to start with".

"Last year, we already lost jobs, and the recession in Kenya was going to happen, nevertheless. Now this only makes it worse. And many businesses that were teetering on the verge of collapse will not make it back alive

https://www.google.com/amp/s/www.aljazeera.com/amp/ajimpact/covid-19-kenyans-brace-tough-times-economic-shock-looms-200329053436760.html

Danielnino00:


We aren't showing off mate...we are just trying to let you little Indians understand that we aren't yet in trouble ... It isn't yet time for us to run to big daddy IMF for help like u did..

Where are the rich men and coporate bodies in Kenya?
What are they doing to help your government fight the virus ?

You're showing off you posted the link here
Kenya companies are donating sanitation equipment in slum areas we are not shouting about it

mtisTheQubit:


..ati daddy is broke

To bail out Italy alone would crash IMF..so this time everyone for himself and God for us all like Corona has done.Ghana is back to hyperinflation like Zimbabwe