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Nairaland Forum / Nairaland / General / Politics / FG Explores Options For Oil In North, Despite NOCs’ Budget Cut (21285 Views)
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Re: FG Explores Options For Oil In North, Despite NOCs’ Budget Cut by NaMeAboki: 7:43am On May 30, 2020 |
babaolofin: You continue to show naivety basing all your arguments on the wild assumption that those individuals (northerners) have a freehand and choice of all the available oil blocs in the country; while in fact that is quite the contrary: as no oil bloc licence is issued to a single individual but a group of individuals (usually a mix from different geopolitical zones) because of the huge investment resources needed for such venture. Secondly, majority of the much touted allocations are not even yielding, only a few of them are producing and therefore giving earnings to their owners (some of the lucky include Danjuma, maybe Indimi's, Alakija etc). Furthermore, it is faulty logic to assume that the same non-transparent pattern of allocation would be repeated for the potential blocs in the north; especially as the current anti-corruption government is even revoking/not renewing some of the above issued licences. |
Re: FG Explores Options For Oil In North, Despite NOCs’ Budget Cut by dammybokl: 5:29am On Jun 04, 2020 |
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