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The John Batchelor Show

#Nigeria: Electricity declines; revenues decline; COLA climbs. Gregory Copley, Defense & Foreign Affairs

The John Batchelor Show

John Batchelor

Arts, News, Society & Culture, Books

4.52.8K Ratings

🗓️ 8 May 2024

⏱️ 16 minutes

🧾️ Download transcript

Summary


#Nigeria: Electricity declines; revenues decline; COLA climbs. Gregory Copley, Defense & Foreign Affairs
https://www.msn.com/en-us/news/world/nigeria-cuts-back-electricity-sales-to-overseas-customers-to-boost-domestic-supply/ar-BB1lTnOQ

1906 Nigeria

Transcript

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0:00.0

This is

0:05.0

this is CBSi and the world. I'm John Bachelor.

0:08.0

rudely interrupting my dear friend,

0:10.0

Gregory Coppley, Defense and Foreign Affairs,

0:11.0

as he was explaining the declining revenues flowing

0:14.7

into the oil rich and blessed land of Nigeria, the most popular state in all of Africa,

0:20.6

a dominant player when and if the leadership matches the people and the resources.

0:26.7

This is Light Sweet Crude, the best stuff there is.

0:29.9

And now we have a headline from Reuters that they're limiting sales of electricity to

0:37.7

outside of the country which could mean just neighboring countries because of

0:42.0

domestic supply concerns which is usually

0:44.9

associated with declining nations without revenue.

0:48.4

Gregor was explaining that the oil is not flowing the way it used to because the price of oil

0:55.1

Brent crude and West Texas is extremely high so please continue Gregory beg pardon for an

1:01.0

erupting no No problem.

1:03.0

Nigeria is now getting its own oil refineries

1:07.0

so that it will no longer have to import all of its refined petroleum.

1:11.0

It will go straight from Nigerian production into

1:14.7

Nigerian refineries and then into electricity generation and as well as of

1:19.3

course motive fuel for the for the for the trucking and automobile industry population of Nigeria.

1:28.0

The infrastructure for electricity has always been patchy and we remember some 20 30 years ago

1:36.7

when the telephone network basically collapsed it was so old and broken down that it collapsed, and it was never replaced.

...

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