Anambra State is one of the Igbo states of Nigeria. It is a state that has produced great innovators like Dr Nnamdi Azikiwe, Odumegwu Ojukwu, Alex Ekwueme, Innoson Chukwuma, Chuba Okadigbo, Emeka Anyaoku, Peter Emeagwali, Dora Akunyili, Chukwuma Soludo just to mention a few. Anambra State is known as a pace setter as far as Nigeria and Africa is concerned – in the areas of politics, business, the arts and any other sector.

An group of traders in Anambra created Nollywood, a multibillion Dollar industry and the number 3 film industry in the world without access to funds like bank loans. One must ask what they would have been able to do for the black man if they had access to loans like others. But without access to loans Anambra had all these years a resource that was worth so much, it would have given them the money they would have used to do more to make Nigeria the first developed country in Africa. Anambra had crude oil, but was prevented by hook or crook from exploiting and benefiting from it.

In Anam in Anambra North, it is said that anybody up to 40 years can count the number of oil fields in their locality, but guess what, nothing is being done about it by the Federal Government. This is the same Federal Government that has spent over N900 billing in a matter of decades searching for oil in the North.

What this shows is a systematic attempt to deny the Igbos a source of financing for development, and it seems to have worked because oil is no longer the Black Gold it used to be, with the price sliding uncontrollably from $100 a barrel a few years ago to just about $30 today.

All these years , the oil producing states in Nigeria, while not being in total control of the resource in their localities enjoyed 13 percent derivation on the revenues accruing from the oil in their states. With such money is a serious state government in Anambra would have been able to build schools, hospitals, roads, low-income housing, etc., to make the quality of life better for the people. But they were not allowed to do so by a Federal Government that had classified the oil as a strategic reserve. Strategic reserve for when? When the oil is worthless or when alternatives are found for fossil fuels, I guess.

I do not believe that oil is automatically a curse as is now the cliché. I believe oil is a resource that is of great benefit to anyone that has it under their lands or waters if the funds derived from it are well managed. For instance, Norway was able to use their oil to create a rainy day fund, and has saved so much money from oil over the years, that if the money saved from oil is shared today, every single citizen would receive $1 million US Dollars each!

Oil was meant to be a great equalizer that would give poor countries, a lot of whom had it, a lot of money – money they would have found difficult to get to finance their development. For instance, Dubai, when they found out that their crude oil would dry up in a few years used a large portion of the oil revenue they had gathered to quickly diversify their economy into the trade and tourism sector; and that transformed it into the trade and investment hub that it is today.

I shake my head in sadness when I look at all the opportunities to finance development Anambra State would have been able utilize if it was allowed to exploit its oil or if its oil was exploited by the Federal Government.

It would have been easy for a responsible Anambra State government to partner with Delta State to build the second Niger Bridge that has taken the Federal Government forever to build.

The Anambra State Government would have found it easy to turn the Onitsha Main Market into a kind of Dubai, with a well constructed Onitsha Airport handling the arrival of international passengers to trade, a situation that would have brought in a lot of badly needed foreign exchange into Nigeria’s economy.

The Anambra State Government would have found it easy to turn the commercial town of Nnewi into the workshop of Africa, a place where lots of industrial goods are manufactured for use in Nigeria and for export abroad. Already, in spite of the challenging business environment present today Nnewi plays host to such great manufacturers like Innoson, an indigenous company that manufactures motor vehicles. There is also Coscharis, PO Ogbuawa, and other manufacturing concerns.

The Anambra State Government would have found it easy to build the Onitsha Inland Port a long time ago to drive commerce ever more closer to Onitsha.

But alas, it seems Anambra may have been denied the opportunity to benefit from the oil that flows underneath it in seismic streams. The price of oil has fallen from over $100 in 2014 to about $30 today, amid a dire prediction by international investor Prince Alwaleed of Saudi that the price of oil may never reach $100 again.

While we hope his prediction would not come to pass, we can’t fail to notice that there is a serious oil glut in the world market; and a country like Nigeria which used to find it very easy to sell of its oil to wealthy countries who needed oil to power their economies now finds it extremely difficult to find buyers for her oil – even with the low price.

The United States which used to get 10 percent of its oil from Nigeria has since ended that arrangement and has instead become a net exporter of oil like Nigeria, adding to the low prices.

To make matters worse, Iran which was barred from exporting oil is in the process of flooding the world market with oil. So, as you can see, barring any unforeseen occurrence, Prince Alwaleed’s statement holds a lot of water.

With the reluctance of the Federal Government to develop oil in Anambra State; a few years ago, some... http://www.igbodefender.com/2016/02/27/how-anambra-was-stopped-from-benefitting-from-its-crude-oil/

Hmmmm ok

Onshore exploration is cheaper than offshore exploration but this bigots left it because they are afraid of Igbo domination. Come to Imo state and see oil fields lying dormant. Places like owerri muni.,Obowo,oru east,oru west,ohaji/egbema,Oguta,Ngor okpala,Ikeduru etc

Let them keep fearing Igbo and continue to run the country to penury. Don't forget that the so-called oil in Rivers state are 90% in Igbo dominated areas carved out from Abia and Imo states. Not a coincidence that all oil reserves in SE are onshore/ol field, same with Rivers...makes sense carved out of SE oil, only Akwa Ibom, Delta and Bayelsa are in swamps, creeks and offshore.

Red mud kids yarnin ballz as usual.Always pulling out the victim card.That's why no one takes y'all seriously

The bitumen in Ondo state is enough to tar all the roads in west Africa, no one is saying its because we're Yorubas, that's why it
hasn't been tapped

Ondo state has the longest coastline in Nigeria meaning it deserves a seaport. Yorubas haven't said its because they're Yorubas,
that's why its not being built

Same with so many parts of Nigeria especially the middle belt with resources that are untapped but gala kids as usual with their messed up psyche will tell you its because they're Igbos

Linda Ikeji tax evasion-Its because she's Igbo

Ladipo market demolition-It's because they're Igbos

Olisa metuh's probe-It's because he's Igbo

Even the so-called elites aren't different from the fan yogo boys here.Just last week, One edna-mode looking bat-fastard told us she was
sacked because she's Igbo

You gala kids need to fix yourselves.You bore me

true federalism is the cure to our foolishness.....

ichoku:
You are a f.ool

I take that as a pinch of salt. It's coming from a gala kid after all

Where I come from, we're empathic

zuchyblink:
Onshore exploration is cheaper than offshore exploration but this bigots left it because they are afraid of Igbo domination. Come to Imo state and see oil fields lying dormant. Places like owerri muni.,Obowo,oru east,oru west,ohaji/egbema,Oguta,Ngor okpala,Ikeduru etc

Lol. Funny shit.

What stops all the numerous SE indigenes that own oil companies from buying a lease and drilling for oil.

You guys always ask for it.

This victim mentglity of our brothers from the south east is not drawing symphaty anymore. Lagos state government did not ask fg to start exploration of crude oil in their domain, instead they partner with private firms and invest in it. Most oil firms are shifting from onshore to offshore oil exploration, do to little government and millitancy intervention in their activities and some other factors and moreover offshore holds 60-75% nigeria crude oil reserves.

it is better that it remains untapped

OmoAjowa7:
Red mud kids yarnin ballz as usual.Always pulling out the victim card.That's why no one takes y'all seriously

The bitumen in Ondo state is enough to tar all the roads in west Africa, no one is saying its because we're Yorubas, that's why it
hasn't been tapped

Ondo state has the longest coastline in Nigeria meaning it deserves a seaport. Yorubas haven't said its because they're Yorubas,
that's why its not being built

Same with so many parts of Nigeria especially the middle belt with resources that are untapped but gala kids as usual with their messed up psyche will tell you its because they're Igbos

Linda Ikeji tax evasion-Its because she's Igbo

Ladipo market demolition-It's because they're Igbos

Olisa metuh's probe-It's because he's Igbo

Even the so-called elites aren't different from the fan yogo boys here.Just last week, One edna-mode looking bat-fastard told us she was
sacked because she's Igbo

You gala kids need to fix yourselves.You bore me

God bless you.

Abeg oooh make dey still leave dat Bitumen like dat
We ONDO STATE people no even what Government to touch it

OmoAjowa7:
Red mud kids yarnin ballz as usual.Always pulling out the victim card.That's why no one takes y'all seriously

The bitumen in Ondo state is enough to tar all the roads in west Africa, no one is saying its because we're Yorubas, that's why it
hasn't been tapped

Ondo state has the longest coastline in Nigeria meaning it deserves a seaport. Yorubas haven't said its because they're Yorubas,
that's why its not being built

Same with so many parts of Nigeria especially the middle belt with resources that are untapped but gala kids as usual with their messed up psyche will tell you its because they're Igbos

Linda Ikeji tax evasion-Its because she's Igbo

Ladipo market demolition-It's because they're Igbos

Olisa metuh's probe-It's because he's Igbo

Even the so-called elites aren't different from the fan yogo boys here.Just last week, One edna-mode looking bat-fastard told us she was
sacked because she's Igbo

You gala kids need to fix yourselves.You bore me

igbodefender:
Anambra State is one of the Igbo states of Nigeria. It is a state that has produced great innovators like Dr Nnamdi Azikiwe, Odumegwu Ojukwu, Alex Ekwueme, Innoson Chukwuma, Chuba Okadigbo, Emeka Anyaoku, Peter Emeagwali, Dora Akunyili, Chukwuma Soludo just to mention a few. Anambra State is known as a pace setter as far as Nigeria and Africa is concerned – in the areas of politics, business, the arts and any other sector.

An group of traders in Anambra created Nollywood, a multibillion Dollar industry and the number 3 film industry in the world without access to funds like bank loans. One must ask what they would have been able to do for the black man if they had access to loans like others. But without access to loans Anambra had all these years a resource that was worth so much, it would have given them the money they would have used to do more to make Nigeria the first developed country in Africa. Anambra had crude oil, but was prevented by hook or crook from exploiting and benefiting from it.

In Anam in Anambra North, it is said that anybody up to 40 years can count the number of oil fields in their locality, but guess what, nothing is being done about it by the Federal Government. This is the same Federal Government that has spent over N900 billing in a matter of decades searching for oil in the North.

What this shows is a systematic attempt to deny the Igbos a source of financing for development, and it seems to have worked because oil is no longer the Black Gold it used to be, with the price sliding uncontrollably from $100 a barrel a few years ago to just about $30 today.

All these years , the oil producing states in Nigeria, while not being in total control of the resource in their localities enjoyed 13 percent derivation on the revenues accruing from the oil in their states. With such money is a serious state government in Anambra would have been able to build schools, hospitals, roads, low-income housing, etc., to make the quality of life better for the people. But they were not allowed to do so by a Federal Government that had classified the oil as a strategic reserve. Strategic reserve for when? When the oil is worthless or when alternatives are found for fossil fuels, I guess.

I do not believe that oil is automatically a curse as is now the cliché. I believe oil is a resource that is of great benefit to anyone that has it under their lands or waters if the funds derived from it are well managed. For instance, Norway was able to use their oil to create a rainy day fund, and has saved so much money from oil over the years, that if the money saved from oil is shared today, every single citizen would receive $1 million US Dollars each!

Oil was meant to be a great equalizer that would give poor countries, a lot of whom had it, a lot of money – money they would have found difficult to get to finance their development. For instance, Dubai, when they found out that their crude oil would dry up in a few years used a large portion of the oil revenue they had gathered to quickly diversify their economy into the trade and tourism sector; and that transformed it into the trade and investment hub that it is today.

I shake my head in sadness when I look at all the opportunities to finance development Anambra State would have been able utilize if it was allowed to exploit its oil or if its oil was exploited by the Federal Government.

It would have been easy for a responsible Anambra State government to partner with Delta State to build the second Niger Bridge that has taken the Federal Government forever to build.

The Anambra State Government would have found it easy to turn the Onitsha Main Market into a kind of Dubai, with a well constructed Onitsha Airport handling the arrival of international passengers to trade, a situation that would have brought in a lot of badly needed foreign exchange into Nigeria’s economy.

The Anambra State Government would have found it easy to turn the commercial town of Nnewi into the workshop of Africa, a place where lots of industrial goods are manufactured for use in Nigeria and for export abroad. Already, in spite of the challenging business environment present today Nnewi plays host to such great manufacturers like Innoson, an indigenous company that manufactures motor vehicles. There is also Coscharis, PO Ogbuawa, and other manufacturing concerns.

The Anambra State Government would have found it easy to build the Onitsha Inland Port a long time ago to drive commerce ever more closer to Onitsha.

But alas, it seems Anambra may have been denied the opportunity to benefit from the oil that flows underneath it in seismic streams. The price of oil has fallen from over $100 in 2014 to about $30 today, amid a dire prediction by international investor Prince Alwaleed of Saudi that the price of oil may never reach $100 again.

While we hope his prediction would not come to pass, we can’t fail to notice that there is a serious oil glut in the world market; and a country like Nigeria which used to find it very easy to sell of its oil to wealthy countries who needed oil to power their economies now finds it extremely difficult to find buyers for her oil – even with the low price.

The United States which used to get 10 percent of its oil from Nigeria has since ended that arrangement and has instead become a net exporter of oil like Nigeria, adding to the low prices.

To make matters worse, Iran which was barred from exporting oil is in the process of flooding the world market with oil. So, as you can see, barring any unforeseen occurrence, Prince Alwaleed’s statement holds a lot of water.

With the reluctance of the Federal Government to develop oil in Anambra State; a few years ago, some... http://www.igbodefender.com/2016/02/27/how-anambra-was-stopped-from-benefitting-from-its-crude-oil/

Dude. do you know what you are asking for? We do not need the oil in Igboland to be exploited beyond the level it currently is being exploited. Bia........fr.....a will need that oil when it becomes a country.

In the meantime, let us keep getting our share of the oil money, no matter how little. After all we also contribute something from the oil in Imo and Abia, unlike the entire North.

seunny4lif:

Abeg oooh make dey still leave dat Bitumen like dat
We ONDO STATE people no even what Government to touch it

Lol but we need to tar our roads na.

The only problem I have is the 13% derivation nonsense

Well,I've known this all this while. If it is explored,talks of derivation for SE will come up and stuff like that. Of course 'they' don't want this. Thanks for letting people know though.

Abeg leave the road like dat
We dey manage am like dat

OmoAjowa7:


Lol but we need to tar our roads na.

The only problem I have is the 13% derivation nonsense

That is the reason why Igbo oil tycoons can open their own refineries and explore all the oil and gas wells in igboland same way orient petrol is doing in Anambra is an advantage for us

seunny4lif:

Abeg leave the road like dat
We dey manage am like dat

Lol I'm from Ondo state too

I know you're thinking about the damage it might cause to the environment.We've had this discussion at length somewhere else but
we later concluded that the reason why some countries are facing environmental damages is because they are trying to extract oil from it.
If its for the sole purpose of asphalt manufacturing, then we're good

Not only am I from Ondo state
I'm son of the soul...
You are from Ikale Abi ?

OmoAjowa7:


Lol I'm from Ondo state too

I know you're thinking about the damage it might cause to the environment.We've had this discussion at length somewhere else but
we later concluded that the reason why some countries are facing environmental damages is because they are trying to extract oil from it.
If its for the sole purpose of asphalt manufacturing, then we're good

seunny4lif:

Not only am I from Ondo state
I'm son of the soil...
You are from Ikale Abi ?

No I'm from Ajowa-Akoko

realjoker:
This victim mentglity of our brothers from the south east is not drawing symphaty anymore. Lagos state government did not ask fg to start exploration of crude oil in their domain, instead they partner with private firms and invest in it. Most oil firms are shifting from onshore to offshore oil exploration, do to little government and millitancy intervention in their activities and some other factors and moreover offshore holds 60-75% nigeria crude oil reserves.

Lagos again?? Can't u give examples with other states in the Sw?

seunny4lif:

Not only am I from Ondo state
I'm son of the soul...
You are from Ikale Abi ?

mo ma ki e o

Adelaide2:



Dude. do you know what you are asking for? We do not need the oil in Igboland to be exploited beyond the level it currently is being exploited. Bia........fr.....a will need that oil when it becomes a country.

In the meantime, let us keep getting our share of the oil money, no matter how little. After all we also contribute something from the oil in Imo and Abia, unlike the entire North.

Well said. The other day one yoruba called for the Federal government to enter Enugu to begin coal mining. I gave him the insult of his life...haven't heard from him since then. SE should never allow any form of exploration be it coal or oil in their region by the Federal government until our country is restored. They are ungrateful and wicked...

IPOB youths are brain dead mofos

Ale broda
Dede omo ko

omoigbomina:
mo ma ki e o

Spare parts sellers will always complain....its a genetic anomaly

seunny4lif:

Ale broda
Dede omo ko

o ku owu o.broda mi o ki n se ikale o.you just made me to remember my service year.

OmoAjowa7:
Red mud kids yarnin ballz as usual.Always pulling out the victim card.That's why no one takes y'all seriously

The bitumen in Ondo state is enough to tar all the roads in west Africa, no one is saying its because we're Yorubas, that's why it
hasn't been tapped

Ondo state has the longest coastline in Nigeria meaning it deserves a seaport. Yorubas haven't said its because they're Yorubas,
that's why its not being built

Same with so many parts of Nigeria especially the middle belt with resources that are untapped but gala kids as usual with their messed up psyche will tell you its because they're Igbos

Linda Ikeji tax evasion-Its because she's Igbo

Ladipo market demolition-It's because they're Igbos

Olisa metuh's probe-It's because he's Igbo

Even the so-called elites aren't different from the fan yogo boys here.Just last week, One edna-mode looking bat-fastard told us she was
sacked because she's Igbo

You gala kids need to fix yourselves.You bore me

........ another goat on rampage

All na same

omoigbomina:
o ku owu o.broda mi o ki n se ikale o.you just made me to remember my service year.

meccuno:
Lagos again?? Can't u give examples with other states in the Sw?

lol... I dont know why you guys are so obsessed with lagos, a guy gave example of of ondo state 40b bareel bitumen reserve that can tarr the whole road of west africa and africa at large that is still bury underground yorubas never cry of any external saboteur, the untap ogun state gas reserve within its boarder with benin republic yoruba never cry of marginization, the idle gold reserve in ilesha and ile ife osun state that is being exploited by illegal chiness miners yoruba never accuse fg of shortchanging them, they believe no external factor can hinder their devolopment, they take responsibility for their woes unlike you guys that keep consoling your egomania failed region by pushing blames to others.
I only make use of lagos as example because they never wait for fg for the search and exploration of crude oil in their domain, ogun never waited for fg to start exploiting the limestone in their state, instead they creat enabling environment for investors, right now ogun state produce 14million tones of nigeria 28million tones cement production, same as the entire production capacity of south africa, i know most people believes ogun state home the largest limestone reserve in nigeria which is not true, sokoto do. Stop blaming others for your woes blame yourselves for your failed region.