The message is loud and clear. We should diversify big time. There are so many other ways to generate funds for the nation. We have all the resources needed.

Meanwhile,

MugabeRobert:

Eeya!!!
So, afteral ya oyel is worthless? LWKMD.

wia is dis pig frm ?

MugabeRobert:


Yes and Rivers and Akwa Ibom.

Brouhaha!!!! Chei!!!!

Thank God for today.

Before u sell all your cassava and Yam, we will sell our OIL. Even if nobody buys it again, we will use it. It's our pride.

Be prepared to use water for your Generator cos we won't sell to u........

atlwireles:


Before the man in Rivers,Akwa Ibom begins to suffer, please tell me what the man in Osun would be doing? Some of you are remarkably dumb.

No mind dem. No be our OIL dey keep Nigeria? How dem want use survive we we no go survive?

Worst come to worst Asari go hunt for buyers himself........

Anyi3:


First both crude are not similar, I just researched this now
Pazflor is a heavy, sweet crude with a current production rate of about 200,000 b/d. Its FPSO, which is operated by Total, is located
offshore Angola and is fed by one of the larger fields in Angola.
Plutonio is a medium, sweet crude with a similar daily production volume as Pazflor. It is operated by BP, from its FPSO also located
offshore Angola.

Angola produces heavy and medium which Chinese refineries like, Nigeria produces light which they don't really like.
Please let's deal with facts. It really isn't everything that has a conspiracy story attached. Some things are just plain black and white when it comes to earning money.

Please if I may ask did they just realize that what we have here is light crude just a few days after buharis election? You people must learn not to believe everything you are told on face value, believe me something has happened behind the scene that you are not being told the result is what u are seeing.

MugabeRobert:

Yes and Rivers and Akwa Ibom.
Brouhaha!!!! Chei!!!!
Thank God for today.

u get sense??

Looks like Nigeria is going to face some tougher times... USA and China don't need our crude oil anymore.

Ifyikillz:
Some goats will blame buhari

just d way some cows blamed GEJ

This is elementary international relations!
what have we been gaining from the US/UK especially to warrant the friendliness between PMB and them?

China naturally got mad at this.
PMB should really have visited them since•

Who ignores his biggest customers for uncaring customers for God sake?

baybeeboi:

bros, before other states be like Osun, Osun go don die.

haaaaaaaaa...osun would be dead and buried by then

Its Well, the ones produced last week have not been sold.

MugabeRobert:


What's the difference between akara and moi moi?

Believe me, in 20 years many countries would ban the use of fossil fuel. Just Google Elon Musk's Tesla solar cell that are not up to the size of briefcase and can power a whole house. Just 160 million units are required to take the whole of US of the grid and produce clean and green energy. You know the most interesting thing about them? they are very cheap and the technology is an open source, meaning every tom can create one from the comforts of their homes. Tesla batteries

Are we to also talk about super cars that can run a full day on salt water? Or multiple brands of solar and electric cars?

u watch too mush movie bro

Just as predicted from the era of the shale oil and Gas Revolution. More is yet to come as Nigeria would be left out of the market if care is not taken. The NLNG has also been affected as they are now recording huge losses in sales. My candid advise is for Nigeria to domestize its resouses rather than only selling them. Professors around the south-south region especially the University of Port Harourt are thinking towards the installation of modular refineries at strategic positions of the country. But I would want more industries to awaken like the petrochemical industries, power plants , steel industries. these industries needs power of which can be gotten from our crude. jobs will be created and there will be a higher circulation of money within the boundares of the local communites.

pls if the Buhari's administration can start working towards this angle. Nigeria would not only survive but will turn out to be a more successful in another dimension of exportation once again.

atlwireles:


That's is not correct, China does not want their energy security to be dependent on a western stooge. Buhari has already signaled to be a puppet of USA/UK. China is just defending China.

u have ur thinking cap on. well said!

Fearcom:



Buhari has been in power for only eleven days. It is sheer stupidityy to blame Him for anything at this stage. Secondly, GEJ said openly that he and his ministers should prepare for hard times as it likely they be persecuted for some of the decisions thy took while in power. Thirdly GEJ begged for forgiveness for those he said he may have offended and were adversely affected by the decisions he and his team took while in office.

that he begged doesn't mean he's guilty of the accusations against him.....apology is not a sign of guilt or weakness but an evidence of a good heart....it goes further to show that GEJ is a good man with a good heart ...Nigeria will never hv a politician with a good heart like GEJ

Stylaay:
Our leaders day of reckoning is fast approaching. They plundered a country so blessed by God raped it and think they will get away with it. When the poor are hungry the rich can't sleep. All these mansions politicians are buying all over abuja i laff. When reality hits nigeria in the nearest future they will leave thier houses and run. The beast in Nigerians would soon be unleashed when the fallout of cripping poverty descendes onthis oil dependant nation. The prediction of the west is still lurking around the corner i fear for this country

that day can't come soon enough

After going through most comments,I can't help but say that "common sense" is a virtue! Its now left for us to diversify the economy or face the hard times squarely.

China to dump Nigerian crude oil!

hustla:
If only we can dump that dependence on oil once and for all
Maybe embrace tourism like Dubai and UAE and Mix i with Oil for once

Technological innovation is the way to go. The tourism sub sector is hinged on other social economic factors like security, proper transport system etc. We just need to get the power sector working and things will gradually fall into place.

atlwireles:


China is buying more than 50% of Angolan crude, both products are almost the same. As we speak today, the President of Angola is in China for a $25B package. Keep waiting on Obama and Cameron , all you get are photo ups and a good handshake.

Since you know this, do you think you know something the president does not know?

Continue to wine and dine with the demons, by the time you will realize what you have done to yourself and country it would be too late. Did you know what the G7 discussed at your back? Better find out. What they said with their mouth is different from what the have in their mind.

With china or without china nigeria and Nigerians will still exis.






I

Why are we even looking for buyers for the oil while we keep importing finished products? If we can refine our oil to satisfy the energy demand of this country, we would have solved loads of problems.

Let Shell, Chevron, Mobil, Agip find buyers, we are in this together.

The prophets saw this coming......but i am very sure Nigeria will pull out of this in flying colour much later (so they also prophesied)

The niger delta has suffered from years of neglect and greed from our leaders both at the federal, state, local and even community level. It is sad to note that the refineries that ought to be up and running have been deliberately crippled due to selfish interest of a few in this Country. The question then is this so called agitation by the ND youths for resource control not a baseless and fruitless wish?. If you are giving control of the oil what can you do with it. Our leaders and people that claim that they are fighting for our interest are only for their pockets and we still agitate?. People like tom polo, Asari dokubo etc from the ND only have ijaw agenda and not ND as a whole. And even the ijaws are still a selected few. Let us as country begin to look inward now that is clear that what we are looking for in Europe is in abundance here. Like someone suggested we should start exporting petroleum to african countries and this can be achieved if the refineries are revived and new ones built. And subsequently focus on other areas of wealth generation. PMB has a lot on his plate I think he ought to start working immediately ...

How about we build refineries all over West Africa and corner the market for FINISHED PRODUCTS. Is it a given that we must sell crude? Why can't we refine and sell finished products which will no doubt have a constant market??

Abeg this one is not a death sentence joor.

Buhari is the worst Nigeria could have.

ifihearam:

No they should blame your father or GEJ

Are you a goat?

China is very smart. They smelt trouble 5 cuntries afar when they found out our relationship with US is getting better. I gues that's why they dumped our products.
US is just a nightmare for Nigeria...declined demand of our product as well cause it's discovering crude at its backyard.

Its about time Nigeria renovate its own refinies and produce more products for its citizens.

And u pple tink the country wit most of its export products comin down to naija wil ignore our oil,, we'l find buyers and let dem also xport dia fake goods to US or India if it wil sel