BÀBÁ DEE
34.8K posts

BÀBÁ DEE
@ADE2472001
Tax Consultant||Highway Contractor|| Politically active||Integrity my guide🍎💓💋✌️
Nigeria Katılım Ocak 2011
884 Takip Edilen1.2K Takipçiler

@Chekwube____ This was 2014 i thing they have all reversed ooo
Bro e dey rouch everybody
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Tinubu’s economy!
They will tell you to substitute with mushrooms 🍄🟫
Nigeria Stories@NigeriaStories
JUST IN: Meat 🥩 is now disappearing from some Nigerian homes as cow prices increase
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QUESTION: why did our oil earnings fall despite rising crude prices?
I made this case months ago when the war first broke out. So let’s break it down….
-Production Sharing Contract inflows collapsed due to lower production and other structural problems. Roughly 65% decline from February to March 2026; pretty much since the beginning of the war.
PSCs are deals where oil companies do the work and the govt takes the profit. The companies spend the money, drill the oil, recover costs first and whatever is left is shared with the govt.
- Same old NNPC shenanigans: Thesame ‘ol cycles of delayed remittance or remittances mysteriously disappearing and obscure crude lifting arrangements affecting actual cash inflows to the federation account.
- Forward sale and swap obligations: Forward crude sales and swap deals continue to be a major problem.
What are these?
For forward sales; our govt borrows money today and promises to repay with future crude oil. So the govt collects cash upfront, but when the oil is eventually produced, the money doesn’t enter the federation account, it goes to the creditor instead.
For swap deals; our govt exchanges crude oil for something else; usually imported petrol.
For instance; you give someone 10 bags of rice, instead of them paying you money, they give you 50 coolers of cooked Jollof rice in return.
Nigeria gives traders crude oil, traders import petrol, diesel, or kerosene in exchange. No cash enters govt accounts.
Oh and this is also how you hide the actual total amount on fuel subsidy; the subsidy is paid in crude, not in cash.
So, in summary; our oil earnings fell by ₦78.7bn despite prices surging simply because we had fewer barrels, poorer remittances, and old crude‑swap debts eating the revenue before it reached govt coffers.

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BÀBÁ DEE retweetledi

@PO_GrassRootM Its a lie
Total lie
The origin of tax collection was to fund war not development
Dont let anybody gaslight you
APC is full of lies
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APC National Chairman = Yoruba
APC National Spokesperson = Yoruba
APC National Treasurer = Yoruba
APC National Secretary= Yoruba
APC Campaign manager = Yoruba
APC Legal Adviser = Yoruba
APC Presidential Candidate = Yoruba
APC CBN/NNPC = Yoruba
Party of the Yoruba, by the Yoruba and for the Yoruba
Total Failure Never Again
HT

Nigeria has enough domestic capital to bridge infrastructure gap: Gov Sule
gazettengr.com/nigeria-has-en…
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Sheikh Gumi laments killing of Al-Manuki, says terrorists shouldn’t be killed by bloodstained hands
gazettengr.com/sheikh-gumi-la…
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When Lunatics takes over the Hospital
Olusegun Bakare𓃵@theboyisgreat
APC primary in full HD.. Just RT
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@theboyisgreat @inecnigeria Na true ooo
Can you imagine with the type of counting that occured
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@FinPlanKaluAja1 When there is oil boom Nigeria is loosing
😅😆😅😆😆😅😅😆😆 These guys are clowns honestly
U can smell corruption from 1000 miles
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