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Nigeria Can Benefit From Crude Oil At $20 by drnelson: 7:19am On Dec 27, 2015
IMF has predicted that crude oil will fall to $20 a barrel in 2016.


That have warned Nigeria of serious consequences.


But I want to offer a different viewpoint and ask fellow Nigerians to comment on this.


Is it not better for Nigeria to have crude oil at $20 a barrel and Buhari as President making sure that 100% of oil revenue is going to the treasury


Than


Having crude oil at $120 a barrel and someone like Jonathief as President with his Igbo Petroleum and finance ministers making sure they steal 99.9% of the revenue and leave the rest for the treasury


What do you think?


I think this country is rising and future is bright under our honest President.
Re: Nigeria Can Benefit From Crude Oil At $20 by jcflex(m): 7:25am On Dec 27, 2015
Hummmmm.
yoruba will say O so simi lenu o bu iyo si meaning e mess for my mouth con add salt.
mess be dis, u cnt swallow it, and salt cnt be spilt out.
this matter get as e be
Re: Nigeria Can Benefit From Crude Oil At $20 by xest(m): 8:12am On Dec 27, 2015
drnelson:
IMF has predicted that crude oil will fall to $20 a barrel in 2016.


That have warned Nigeria of serious consequences.


But I want to offer a different viewpoint and ask fellow Nigerians to comment on this.


Is it not better for Nigeria to have crude oil at $20 a barrel and Buhari as President making sure that 100% of oil revenue is going to the treasury


Than


Having crude oil at $120 a barrel and someone like Jonathief as President with his Igbo Petroleum and finance ministers making sure they steal 99.9% of the revenue and leave the rest for the treasury


What do you think?


I think this country is rising and future is bright under our honest President.


U no get sense. Fool n I wonder why seun will allow such post here. Who r u to insult our ex president? U hv no Damn right at all. Be guided!
Re: Nigeria Can Benefit From Crude Oil At $20 by orisa37: 11:23am On Dec 27, 2015
Your point is good but politicised. Out of the Selling Price of every barrel of our crude, let us try to limit the marketing cost to 10% so that 90% come to Nigerian purse. Alternatively, the FG should buy up at least 51% controlling shares in all Marketing Companies. In addition to regular Profit Tax and VAT in the Petroleum Industry, the FG should levy higher Capital Gains Tax and introduce Dividend Warrant Tax of 10% in the Industry. The FG should reduce its Production costs. The Marketers will automatically reduce their Distribution costs. Happy New Year!!!!

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