Entertainment
Alibaba Advises FG On Crude Oil Sales
Veteran comedian Alibaba is dishing out some helpful tips to the Nigerian government on how to manage crude oil production as well as make profit.
The lack of production of by products from crude oil and importing the oil in its raw state will definitely cause a loss at the end of the day even though the price has risen from $30 per barrel, to $85 per barrel.
Check out his write up here…
From below $30 per barrel, to $85 per barrel can ordinarily mean more money for Nigeria, but no it doesn’t. That is why we were plunged into debts by the previous administration. There is a cost dynamics that comes with Nigeria making more money from crude oil sales. It’s a good thing, to be honest. But when you sell crude, fail to locally produce any by products and import finished products, it means that you will wipe the profits by importation. If the Federal government has any plans to share the excess crude revenue they should just forget it. The funds should be spent on developing projects that will earn us immediate financial gains, as fast as possible. Low hanging fruits for now… while waiting for the other investments to heal the ailing economy. Tourism, Security and exports of food items and cash crops should be prime on government to do list
-
Sports5 days ago
FA Cup: Man Utd suffer fresh triple injury blow ahead Coventry clash
-
News7 days ago
JUST-IN: EFCC declares Kogi ex-gov, Yahaya Bello wanted
-
Politics7 days ago
Bayelsa Assembly screens 13 commissioner nominees
-
Business4 days ago
I met N13bn IGR per month but we are now seeing N27bn – Fubara
-
News5 days ago
Despite Apology, ABU Zaria Final-Year Law Student Arrested For Defaming Police Officer On Facebook
-
Politics4 days ago
SERAP To Govs, Wike: Account For Trillions Of FAAC Allocations
-
Crime7 days ago
Man arraigned for allegedly stealing N1.2m from dead man’s bank account
-
News3 days ago
Court orders Becky Buodeigha alias Becky Minaj, CEO of BM Secrets to pay Baraza N7m