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Nairaland Forum / Nairaland / General / Politics / IMF: Nigeria To Lose Over $26 Billion From Oil Exports (11911 Views)
IMF: Nigeria’s Economy To Hit $1.85 Trillion By 2029 / IMF: Nigeria Account Balance Surplus Hits ₦1.432 Billion / IMF: Nigeria Remains Largest Economy In Africa, 26th In The World (2) (3) (4)
IMF: Nigeria To Lose Over $26 Billion From Oil Exports by dipoolowoo: 9:54pm On Apr 30, 2020 |
By Dipo Olowookere https://businesspost.ng/economy/nigeria-to-lose-over-26bn-from-oil-exports-imf/ 4 Likes 1 Share
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Re: IMF: Nigeria To Lose Over $26 Billion From Oil Exports by GodPunishCorona: 10:07pm On Apr 30, 2020 |
That is such a huge amount of money 4 Likes |
Re: IMF: Nigeria To Lose Over $26 Billion From Oil Exports by Racoon(m): 10:10pm On Apr 30, 2020 |
Oil prices is down now but will it rise better after this Coronavirus pandemic? The market forces will decide. 1 Like |
Re: IMF: Nigeria To Lose Over $26 Billion From Oil Exports by georgecso(m): 5:07am On May 01, 2020 |
Wow.. Its huge o.. That is how it goes if you depend on one source of income .. I was just wondering what would have being our fate if we still depend on foreign Rice.. Kudos to all our rice millers. 20 Likes |
Re: IMF: Nigeria To Lose Over $26 Billion From Oil Exports by Sampalo: 5:07am On May 01, 2020 |
Wetin be our gain before? 14 Likes |
Re: IMF: Nigeria To Lose Over $26 Billion From Oil Exports by Nobody: 5:07am On May 01, 2020 |
I gain anything before? mtchewwww! 18 Likes |
Re: IMF: Nigeria To Lose Over $26 Billion From Oil Exports by directonpc(m): 5:08am On May 01, 2020 |
Chai post COVID-19 Nigeria will reboot. More eyes will be on our speech reading president. Please in 2023 let's vote in someone that will put Nigeria first. Before Hausa, Igbo or Yoruba, he is Nigerian. God bless Nigeria. Extra I make mobile apps ![]() 9 Likes 1 Share |
Re: IMF: Nigeria To Lose Over $26 Billion From Oil Exports by Mubbyleey(m): 5:08am On May 01, 2020 |
Country’s economy to contract by about 3.4 percent in 2020 is still not bad compare to other countries... I believe Nigerians can understand why the government cannot afford not to loan "not a loan per sé" this money from IMF, the crash in oil prices is a global thing that affects all oil producing states. USA WTI is feeling the heat too, so i hope the Government can fast track this economy diversification of a thing... 8 Likes 1 Share |
Re: IMF: Nigeria To Lose Over $26 Billion From Oil Exports by PHijo(m): 5:08am On May 01, 2020 |
Great development! I hope it ends up being more than that. 2 Likes |
Re: IMF: Nigeria To Lose Over $26 Billion From Oil Exports by mygreenday(m): 5:09am On May 01, 2020 |
such herculean loss from our almighty source of income. Hunger 20 loading |
Re: IMF: Nigeria To Lose Over $26 Billion From Oil Exports by Nobody: 5:09am On May 01, 2020 |
directonpc:even since they have been gaining big money, you get anything? mtcheeww 7 Likes 1 Share |
Re: IMF: Nigeria To Lose Over $26 Billion From Oil Exports by Nobody: 5:10am On May 01, 2020 |
Mubbyleey:damn what? 1 Like |
Re: IMF: Nigeria To Lose Over $26 Billion From Oil Exports by Exc2000: 5:10am On May 01, 2020 |
![]() the recession loading wont be funny, with massive job loss... covid 19 wont leave us the same again . 1 Like |
Re: IMF: Nigeria To Lose Over $26 Billion From Oil Exports by Blacknote: 5:10am On May 01, 2020 |
Re: IMF: Nigeria To Lose Over $26 Billion From Oil Exports by kellight(m): 5:10am On May 01, 2020 |
Sorry to say this but this news sounds funny, we're too dependent on oil and it has ruined us as a nation 2 Likes |
Re: IMF: Nigeria To Lose Over $26 Billion From Oil Exports by Mutemenot(m): 5:11am On May 01, 2020 |
It affects our politicians mostly as they don't have much to loot. A common 'll always survive as usual 9 Likes |
Re: IMF: Nigeria To Lose Over $26 Billion From Oil Exports by RichDad1(m): 5:11am On May 01, 2020 |
Ok. |
Re: IMF: Nigeria To Lose Over $26 Billion From Oil Exports by Wuuworld(m): 5:12am On May 01, 2020 |
Double Wahala For DEADBODY!!! |
Re: IMF: Nigeria To Lose Over $26 Billion From Oil Exports by Urchman200: 5:12am On May 01, 2020 |
Abeg they should spare the common man all this lose and gain story ,when we gained it what did we use it for? Last last na for few people pocket it still end. 2 Likes |
Re: IMF: Nigeria To Lose Over $26 Billion From Oil Exports by Openbusiness: 5:13am On May 01, 2020 |
N |
Re: IMF: Nigeria To Lose Over $26 Billion From Oil Exports by Exc2000: 5:13am On May 01, 2020 |
Mutemenot: lol ... civil servant would hear hunger , feel hunger and see hunger.... drop in oil price saw them not paying salary for 18 months, now drop in price plus lack of sales would see them owing 30 months, bankers would lay off staffs as we run a monoeconomy, importers wont get dollar and prices of imported items would go up, market women would sell less and make little profit . 7 Likes |
Re: IMF: Nigeria To Lose Over $26 Billion From Oil Exports by directonpc(m): 5:16am On May 01, 2020 |
Imustsurvive:I prefer a stronger Naira, so yeah!!! |
Re: IMF: Nigeria To Lose Over $26 Billion From Oil Exports by CodeTemplar: 5:17am On May 01, 2020 |
The oil is in the ground and I can't see how we are losing when the resources are intact. 1 Like |
Re: IMF: Nigeria To Lose Over $26 Billion From Oil Exports by Mubbyleey(m): 5:18am On May 01, 2020 |
Imustsurvive:First reaction mate!!! It's a scary thing for the government to lose this much in this global Crisis. It is well! 1 Like |
Re: IMF: Nigeria To Lose Over $26 Billion From Oil Exports by Nobody: 5:19am On May 01, 2020 |
directonpc:and you are taken foreign loans? 1 Like |
Re: IMF: Nigeria To Lose Over $26 Billion From Oil Exports by vcente(m): 5:23am On May 01, 2020 |
Imf just approved Buharis loan ![]() |
Re: IMF: Nigeria To Lose Over $26 Billion From Oil Exports by longetivity(m): 5:25am On May 01, 2020 |
no pain no gain |
Re: IMF: Nigeria To Lose Over $26 Billion From Oil Exports by optimistD(m): 5:26am On May 01, 2020 |
As if I have been feeling the impact of the ones we have been exporting before now. I provide everything they should provide for me. I pay internal security N8000(my share of 24000/month), N2000 for the external security, 2 generators in case one fails, and still got a bill of N21,000 from PHED this month with a threat to disconnect me, which I'm still contesting, note that I wasn't owing as at last month. I don't want to talk about the high private school fees due to their inability to run government schools. Even with the present condition of things, they don't care or rather do not know what to do than to wait for oil money to be shared and embezzled. 7 Likes |
Re: IMF: Nigeria To Lose Over $26 Billion From Oil Exports by Corporate2020: 5:28am On May 01, 2020 |
Wrong assessment by IMF. This IMF is too dumb. Nigeria's political elites to lose money, not Nigeria. The masses never knew where all the money goes. Even when Oil price was relatively high, Ngozi Iwealla and Goatluck Jonaddaft were borrowing to pay Salaries while the President's megalomaniac wife was becoming richer than the States. The good news is buyers are now rejecting Oil as price is going down to $0. The end is coming to the problems of Nigeria. Oil is what the devil sent to ruin Nigeria. Once Oil sales end, Nigeria will be forced back to Agriculture and Solid Minerals. Then we shall see whether Farmers will toil the Soil, plant Crops, nurture the Crops, then Harvest it, sell the Harvests and go and give the money to useless government and politicians to share and loot. Very soon, nobody will contest for any elective posts again when there is no money to share and loot. 18 Likes 3 Shares
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Re: IMF: Nigeria To Lose Over $26 Billion From Oil Exports by Nobody: 5:30am On May 01, 2020 |
Let's kukuma drink the hoil, starting from the president. |
Re: IMF: Nigeria To Lose Over $26 Billion From Oil Exports by Olathunji010(m): 5:40am On May 01, 2020 |
Recession is nocking our door.... anyway may we never had it bad in our lives no matter how its...it should never take any negative impact in our lifetime amen 1 Like |
Re: IMF: Nigeria To Lose Over $26 Billion From Oil Exports by TodayNAlways: 5:43am On May 01, 2020 |
GodPunishCorona: Yes it's. Meanwhile, who else has been waiting for yesterday's NCDC new cases report and none till now? This one that they didn't come up with something yesterday, let me believe they haven't gone into a total state of confusion. Even WHO knows figures emanating from Nigeria will disfigure their actual plan when it comes to accurate and factual reporting. A country that has bracketed Corona inside politics. |
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