A big pie is seemingly better than a small pie, but what happens when the big pie is rotten inside but the small pie is OK inside? The small one automatically becomes better.

The South East (SE) Biafra is better off standing with a bigger Nigeria if we can make it work, but if we can't a smaller country. Yes less population, less respect by other bigger nations, less market etc, but what is that compared to good healthcare, good roads, lights, food, security, beautiful and serene environment etc.


You see there is a reason people prefer England over India, Israel over Congo, SA over Nigeria, even small Seychelles over many bigger countries, people want to live in a place they will live like humans, in a place life expectancy is as it should be, no Boko haram no Fulani herdsmen that is killing off people like chicken.



Coming to the topic, the South Eastern states their worth. Yes they have human resources, that is sure but we all will want to know the amount in cash they contribute to the National purse.



When I talk about 'cash' I mean money generated from Mineral resources, of which the SE has many Oil, Gas, Coal, Iron, Sand etc.

But for the sake of simplicity we take Oil not Gas, only Crude oil.

According to this article https://www.naij.com/1096390-oil-producing-states-nigeria-2017.html

Abia around 31000 B per day
Imo around 40,000 B per day
Anambra around 55,000 B per day



The 3 states combined have a total of 126,000 per day, this could go up if some abandoned oil wells were reactivated after resolving some community issues, however we go with the current figures.



50 dollars per barrel * 126000 = 6300000 per a day

6300000* 30 days = 189000000

189 000000 * 12 months = 2268000000



So the South East states contributes two billion, two hundred sixty-eight million dollars a year.

Say lets remove Anambra to reflect the reality we know we are left with

Abia 31k
Imo 40k

Equals to 1278000000N



So the 2 South East States without Anambra contributes one billion, two hundred seventy-eight million dollars, every year to Nigeria.

It becomes more interesting when converted to Naira,

Using 350 per dollar



With Anambra = 793800000000 seven hundred ninety-three billion, eight hundred million Naira



Without Anambra = 4473000000 four hundred forty-seven billion, three hundred million Naira.

If the SE landmass is small as people would have us believe then there is no reason why this money won't go round the SE landmass in terms of solid infrastructure in few years.

This is only oil, not Gas, nor Coal, not taxes, not import duties only Oil. This is only What the South East states contribute not Igboland of which Rivers and Delta states are part of among other states.

So what does Igbos represented by human resources and Igboland representing mineral resources contribute to Nigeria?

The truth is every region in Nigeria contributes its own quota towards our development no matter how little.

But then things need to be done decently in this country otherwise a smaller country will emerge. Remember a quality smaller pie is way better than a bigger rotten pie.

Source http://www.latestnaijagist.com/2017/07/biafra-south-east-nigeria-contribution.html

Go job, now run...

dlondonbadboy:
Go job, now run...

Run to where?

Anything fake and fraudulent.

Coconut oil

Ugwu Oil !

GameGod:
Coconut oil

You wish

tysontim:


You wish

Nice post.

It is important to note that there is a big difference between Igbos and SE.

However, it is clear even to a blind man that Nigeria cannot work as a nation. So the alernative is self determination. It is much better for Igbos judicioulsly manage 100,000 barrels in their land than to be part of a Nigeria that is going to mismanage millions of barrels

attackgat:
It is important to note that there is a big difference between Igbos and SE.

However, it is clear even to a blind man that Nigeria cannot work as a nation. So the alernative is self determination. It is much better for Igbos judicioulsly manage 100,000 barrels in their land than to be part of a Nigeria that is going to mismanage millions of barrels

Really?

tysontim:


Really?

Oh yeah. Austria is just a small country of just 7 million people but Austria is richer than Nigeria.

It is better to be Austria, smaller but effective, than to be Nigeria, bigger but hopeless.

I hope this is not a stupid attempt to limit Igboland to south east because oyigbo in rivers state produces the largest inland oil in Nigeria. And they have been asking to be returned back to Abia state where they were carved from because their fellow clans were left there.

After Nigerian cutting out parts of Igbo land that produce oil and but them into south south you now open stupid thread to mock igbos in the south east.

Add abroad remittance, oil and gas in obigbo,anioma, onelga, ikwerre and oil fields mapped out as strategic reserve

OP the whole of Delta and Rivers is not Igbo land.

Freemancipation:
I hope this is not a stupid attempt to limit Igboland to south east because oyigbo in rivers state produces the largest inland oil in Nigeria. And they have been asking to be returned back to Abia state where they were carved from because their fellow clans were left there.

After Nigerian cutting out parts of Igbo land that produce oil and but them into south south you now open stupid thread to mock igbos in the south east.

They are in South South now

tysontim:


They are in South South now

Just like Yorubas in Kogi and Kwara are no longer Yoruba because they were carved into north central.

deomelo:
Anything fake and fraudulent.

You're not stupid..

op God bless you for this enlightenment, there's no doubt that 90% of all the mineral resources in this contraption comes from Biafra

FUNNYBONE1:
op God bless you for this enlightenment, there's no doubt that 90% of all the mineral resources in this contraption comes from Biafra

Yes

As you have erroneously posited, south east does not contribute anything to the coffers of the cesspit called Nigeria. If I am the final arbiter to determine what zone had to contribute, believe me it will contribute absolutely nothing. By the way, IPOB has never adduced or informed any jackass that one of the remotest reasons for the agitation of Biafra is its contribution to the pit called Nigeria.

Wrong assumptions, leading to wrong calculations and leading to wrong conclusions.

Even if we agree with your assumption that Anambra, Imo and Abia produces 126,000 barrels per day at an international price of $50, you will not have 126000 x 50 =2.268 billion dollars at the end of the year.
First you will have to deduct the cost of production of the crude ( which hovers between 25 - 30 dollars per barrel), then you do profit sharing with the oil companies producing the crude ( Nigeria's ratio is 60:40). At $50 per barrel, you will be lucky to get $15).
If the Nigerian government just pockets $50 per barrel of crude sold, then at over 2 millions barrel per day, we would be very wealthy indeed.

wirinet:
Wrong assumptions, leading to wrong calculations and leading to wrong conclusions.

Even if we agree with your assumption that Anambra, Imo and Abia produces 126,000 barrels per day at an international price of $50, you will not have 126000 x 50 =2.268 billion dollars at the end of the year.
First you will have to deduct the cost of production of the crude ( which hovers between 25 - 30 dollars per barrel), then you do profit sharing with the oil companies producing the crude ( Nigeria's ratio is 60:40). At $50 per barrel, you will be lucky to get $15).
If the Nigerian government just pockets $50 per barrel of crude sold, then at over 2 millions barrel per day, we would be very wealthy indeed.

I think what the writer means is contribution of South East to Nigeria on Oil alone, not the revenue derived after everything.

Dedetwo:
As you have erroneously posited, south east does not contribute anything to the coffers of the cesspit called Nigeria. If I am the final arbiter to determine what zone had to contribute, believe me it will contribute absolutely nothing. By the way, IPOB has never adduced or informed any jackass that one of the remotest reasons for the agitation of Biafra is its contribution to the pit called Nigeria.

IPOB aside then

wirinet:
Wrong assumptions, leading to wrong calculations and leading to wrong conclusions.

Even if we agree with your assumption that Anambra, Imo and Abia produces 126,000 barrels per day at an international price of $50, you will not have 126000 x 50 =2.268 billion dollars at the end of the year.
First you will have to deduct the cost of production of the crude ( which hovers between 25 - 30 dollars per barrel), then you do profit sharing with the oil companies producing the crude ( Nigeria's ratio is 60:40). At $50 per barrel, you will be lucky to get $15).
If the Nigerian government just pockets $50 per barrel of crude sold, then at over 2 millions barrel per day, we would be very wealthy indeed.

How did you how much Nigeria pocket

FUNNYBONE1:
op God bless you for this enlightenment, there's no doubt that 90% of all the mineral resources in this contraption comes from Biafra

If you mean SS and SE yes

The question is what do you guys understand by south east.

All of you need to go back to Geography classes.