NewStats: 3,264,021 , 8,182,303 topics. Date: Monday, 09 June 2025 at 10:24 AM 38p1z

1000angstroms:


Just imagine the nonsense you are vomiting from your smelly brain.

Emergency lovers of Nigeria.
Because he exposed you scammers.
Agbadorites, enemy of the nation.

Cc
Seun, mynd44, nlfpmod rule 2

Zwooks:



Muslim. Like we don't know. Every attempt to make Islam gain the upper hand for your father Allah, who is Satan in disguise will never work

Lol. It is now about religions? You don't have sense

grandstar:


Let me ask you a few questions:

1) What is the implication of a government spending 100% of its revenue on debt servicing?

2) What acceptable maximum percentage of revenue should be spent on debt servicing?

3) What are the implications of the Nigerian central bank having only a net figure of $3bn in the foreign reserves, and owing buyers $7bn?

4) Why do Nigerian refineries prefer to refine AGO and dual purpose kerosene rather than petrol, even though the demand of petrol is the highest?

5) How would you go about calculating what the price of a litre of crude oil should cost?

6) What are the implications of an economy growing by 1% and 2.5% by another?

7) What percentage of economic growth is capable of transforming a poor country into a rich and advanced one in a generation?

Reply these questions.

I prefer educated answers.

1. It is simple. The government will go bankrupt. Why should any govt spend 100% of its revenue on debt servicing? Who does that? That's abnormal. Even insolvent countries don't do that.

2. It depends. Some countries do 50% or less. It is usually set by the country's DMO in line with the fiscal framework of the govt and what it hopes it achieve in the future.

3. That's bad. $3bn? It also depends on our balance of payments. The new CBN Gov came out to say the $7bn was bogus and our reserves have never been $3bn from CBN data. I don't know where that's coming from.

4. There's no Nigerian refinery with the capacity to refine PMS presently. Petrol is at the highest point of distillation. Besides, most of the refineries are modular.

5. Opec sets the price for countries like Nigeria. Some other countries like Russia set their price by themselves

6. Very bad. Very bad. Slow growth especially that is below the population growth is an indication that the country is not meeting its economic potential. It means a good portion of its productivity factors are underutilised

7. China was doing double numbers at the height of its ascendancy. But Nigeria even at 7-9% was doing very well with potential for more and a very virile economy

Hope you're satisfied
But what's your point? How does this put any blame for the present calamity on Buhari

Zwooks:



Abdul as the name implies Muslim. The erosion of national resources to fund Islamic agenda in a form of financial jihadism is what you guys are really pursuing. Nigeria is not a property of Islam and Allah is the devil on disguise. Now, get lost

OMG! What does religion have to do with the issue i responded to? its so obvious we are not on the same intellectual frequency as regards this discussion. Sorry that I engaged. Good bye 👋

Zwooks:



No. It is crucial to function like oil companies of other sane countries not to hand over Nigeria to Dangote. Dangote is a private investment not a national one

How is Dangote being the major fuel supplier to Nigerians a monopoly?
Meanwhile NNPC can decide not to do büsiness with him if he doesn't meet thier agreed demands

Rossikk:
Nigeria Is Turning Into an Oil Market Juggernaut
In a finely balanced oil market, Nigeria has suddenly reemerged as a key player.

During the past few weeks, actions by the country’s massive Dangote refinery have moved prices, with purchases of US barrels initially boosting the crude futures curve before a decision to sell them sent oil tumbling.

Once fully operational, the plant outside Lagos will be able to process 650,000 barrels a day, rivaling the largest sites in the US and more than 50% larger than Europe’s biggest refinery.


A look at International Energy Agency data this week shows why that’s so important.

Even if OPEC+ cancels planned supply hikes, there will be a surplus of about 860,000 barrels a day next year. The group currently plans to add 540,000 barrels a day next quarter.

Both figures are close to Dangote-sized swings.

Refinery ramp-ups are complicated, and there’s already been at least one delay. But once the site starts churning out gasoline, it will transform fuel markets in the region and upend long-established trade flows, particularly in Europe, where Nigeria currently purchases much of its supplies.

Aliko Dangote, the billionaire behind the plant, said last month the plan is for it to start producing the fuel in August, though others are doubtful.

“The refinery’s gasoline is unlikely to hit the market until at least September,” consultant FGE wrote this month, citing issues with some of the plant’s units.

Then there’s the question of feedstock.

The facility was built on a dream of Nigeria consuming its own crude. That’s why there was an uproar when Dangote started buying US supplies.

Recently, the country announced plans for its refiners to pay for oil in local currency and to consume as many as 445,000 barrels a day of domestic product. Still, it’s unclear how the latter will happen.

But if it does, that will mean less crude for current buyers, notably in Europe.

It also means that in an oil market focused on war, economic slowdowns and output curbs, Nigeria will be a surprisingly hot topic among traders in coming months.

--Alex Longley and Bill Lehane, Bloomberg News

The massive Dangote refinery establishes the African nation as a major influencer — and a potential disruptor for Europe.

Bloomberg News



https://www.bloomberg.com/news/newsletters/2024-08-15/nigeria-s-dangote-refinery-is-fueling-an-oil-juggernaut-to-challenge-europe

helinues:
Engrish.

Audio hope. Helinues, if I jam you for road, if I nor komot ya teeth, call me flat head like okada seat. The way ya APC take don policies that caused hardship nor make sense.
And na you I wan carry my vex reach.
Send me ya location.
I wan buy you turkey.

Zwooks:
Dangote should source his feedstock anywhere he so pleases and leave the country alone. Also, the refinery wasn't constructed to consume the nations crude. It was constructed because Dangote wanted to explore the industry. Nigeria must not be made an estate of Dangote

I wonder how people like you think. Allover the sane world, the government is bound to protect Capitalist no matter how they are perceived as been monopolistic or not. But here in Nigeria, Tinubu and people like you are bent on keeping the country poor while you ire western world. Do you know how much assistance people like Elon Musk get from US government?

AutoC:


I wonder how people like you think. Allover the sane world, the government is bound to protect Capitalist no matter how they are perceived as been monopolistic or not. But here in Nigeria, Tinubu and people like you are bent on keeping the country poor while you ire western world. Do you know how much assistance people like Elon Musk get from US government?

.


You don't know what you are trying to claim knowledgeable about. Go and find out how saner countries treat Monopoly

You can pack your load and go to Chad.
Some humans are just negative in nature and people like you should be consumed and buried deep for the next millennial fossil fuel.

Makamatic:
I Laugh in patwa . As them talk good , forget am nothing good would come out highest it will be an employer of labour but those believing the refinery would change a lot of things in the country , we're still in for a very long ride my Country folks .

Barzinime:
You can pack your load and go to Chad.
Some humans are just negative in nature and people like you should be consumed and buried deep for the next millennial fossil fuel.

Batidiots like u who can't do simple macroeconomics research to weight the pros and cons of a certain milestone project in your country should be shoot on the balls .

You must be a successful individual with the pros & cons actions taken regarding your life, but who are you by the way? cos i havent heard your name before!

Makamatic:

Batidiots like u who can't do simple macroeconomics research to weight the pros and cons of a certain milestone project in your country should be shoot on the balls .

happney65:


Why should he get his feedstock elsewhere? Whether you like it or not,He will get it in Nigeria and there is nothing you can do about it

Dangote Refinery will WORK!

Yes!!!

Zwooks:
.


You don't know what you are trying to claim knowledgeable about. Go and find out how saner countries treat Monopoly

This mumu who wants to fight monopoly with fuel importation. Have you seen the problem with fuel importation now? Fuel scarcity without any explanation till now. People now paying 1000 naira per litre. The fuel importation that doesn't even create jobs and creating frequent scarcity is what your mumu wants to use to fight monopoly?

The content is clear

AutoC:


I wonder how people like you think. Allover the sane world, the government is bound to protect Capitalist no matter how they are perceived as been monopolistic or not. But here in Nigeria, Tinubu and people like you are bent on keeping the country poor while you ire western world. Do you know how much assistance people like Elon Musk get from US government?

Don’t mind that guy. His reasoning is upside down like his comrades.