Nigeria Revolution after 2015 general election? The collapse of the price of oil brought on by the rise in American production of oil that has now stops importing oil from Nigeria. This energy shift is akin to the collapse of the Soviet Union, which may in the near term at least, make the road rocky for the government of Nigerian . Every wise Nigerian now must learn how to save/spend money wisely because with the fall of oil price in the global market, Nigerians faces a rough decade as it struggles to find new customers for the oil formerly exported to the U.S., 7 years ago, Nigeria export 40billion barrels to US, NOW it has stop to zero exports to US, so in a matter of months there may be economic upheavals and social unrest in Nigeria Stop payment to checks now is an indication that the financial impact of $78 per barrel fall from $110 per barrel lost in oil sales in the last 30 days is already getting serious , this 6 percent drop in oil revenue would force the government to cut non-essential spending after 2015 general elections and reduction of government workers with rise of unemployment. Nigeria now has only $4.1billion wealth fund - down from $11.5 billion at the start of 2013, half of it will be spent between now and February 2015 for the current governors and Jonathan re-election, just like in the last one year Goodluck Jonathan took out about $7billion and distributed the $7billion to state governors and local government coordinators to pave way for his re-election, now the remaining nigerian money will finish after the coming February 2015 elections simultaneously where Boko Haram continues to terrorize the citizenry , the country could descend into chaos if the price of oil falls beyond its current $78-a-barrel price, because Nigeria finances already have been pushed to the breaking limit by oil bunkering - or theft by Nigerian officials who steal 10% of the revenue anyway and keep the money outside Nigeria. This stealing is part of Nigeria value systems, but as the value falls , Nigeria politicians grease dries up in 2015 and if the system doesnt work. turmoil in Nigeria could quickly spread and small battles in Nigeria may become global ones, but without a superpower like USA not getting involve because US no longer need Nigeria oil and US not willing to check Nigeria revolution in their infancy, the situation could get even worse for oil-reliant nation like Nigeria , and if U.S. become a competitor in oil game in the longer term, they will undercut producers like Nigeria and that may lead to Nigeria revolution after 2015 general elections.nigerians think think think and act wisely.
Posted on: Sun, 07 Dec 2014 15:47:25 +0000
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