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Nairaland Forum / Nairaland / General / Politics / Cocoa Vs Oil (1176 Views)
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Cocoa Vs Oil by DuduNegro: 10:28am On Apr 11, 2013 |
Crude Oil = $109/barrel Cocoa bean = $2,250/metric tonne approx. 7.3 barrels of crude oil weighs 1 metric ton. Therefore Crude Oil is $795.7/metric tonne and Cocoa is $2,250 for same tonnage. While oil is found in 4 geozones in Nigeria, Cocoa is found only in 1. By ranking Nigeria is 11th in global oil production but 3rd largest cocoa producer in the world. SW NEEDS TO PUT ITS AGRO PRIORITY IN ORDER. *to the google junkies who can't function without a source, you are welcome to use my keywords to obtain a source* 2 Likes |
Re: Cocoa Vs Oil by BlackMamba2: 10:33am On Apr 11, 2013 |
Akara vs cake 3 Likes |
Re: Cocoa Vs Oil by nyxus(m): 12:09pm On Apr 11, 2013 |
second to comment. the potential has always been there |
Re: Cocoa Vs Oil by kettykings: 12:45pm On Apr 11, 2013 |
This comparison is the Biggest Joke i have seen from these jokers in a long while. Moderators should take this Joke to the Joke Section immediately. This Comparison is a big Joke indeed, Cocoa should be Compared not to the Oil industry but to one Oil well. The Cocoa Economy is just like the Kola Nut Economy a one LGA/State Economy . Niger Delta Exports 2.5 M barrels minimum a of crude oil a day how many basins or baskets of Cocoa does yorubas export in a year. At 2.5M barrels a day the Niger Delta Oil yields a whopping $272.5 M ($272500000) or N43.6B (N43600000000) daily The Export of Crude oil sustains the National economy which includes 36 states and 774 LGA and the Federal Government and is responsible for 80 % of the Forex the country earns while Cocoa is not even able to sustain the economy of 1 state government in the South Western states Cocoa output in Nigeria, the world’s fourth-biggest producer, is forecast to fall at least 20 percent due to disease and floods stemming from heavy rains this year, the country’s main industry group saideven at the that Cocoa production is expected to be 200,000 metric tons in 2012-13 because Cocoa for March delivery fell 1.1 percent to 1,584 pounds ($2,513) a ton on NYSE Liffe by 12:30 this will yield an income of 200,000 X $2513 502600000 this is just $502M which is about N80B which is not even up to the budget of a Niger Delta state Cocoa production is expected to be 200,000 metric tons in 2012-13 How can somebody in his right senses compare an N80B /year economy to N43.6B economy per day 2 Likes |
Re: Cocoa Vs Oil by DuduNegro: 4:05pm On Apr 11, 2013 |
kettykings: This comparison is the Biggest Joke i have seen from these jokers in a long while. Moderators should take this Joke to the Joke Section immediately. lmao!! why are you having heart distress over call by a SWesterner that SW should not fall asleep on its global relevance? I used oil to stage the awareness.....I never said Cocoa brings more money to Federal than Oil does. You are in auto program to go into distress everytime Negro comments in politics section. Baba Taju, calm down. 3 Likes |
Re: Cocoa Vs Oil by Dede1(m): 4:10pm On Apr 11, 2013 |
Dudu_Negro: Crude Oil = $109/barrel You are a stark ignorant fellow. |
Re: Cocoa Vs Oil by DuduNegro: 4:17pm On Apr 11, 2013 |
Dede1: ooh, we thank God o, business dey go well well. how Cletus your pikin? 1 Like |
Re: Cocoa Vs Oil by vizboy(m): 4:51pm On Apr 11, 2013 |
Cocoa is cost. But petrol is more in demand 1 Like |
Re: Cocoa Vs Oil by Dede1(m): 5:04pm On Apr 11, 2013 |
Dudu_Negro: Nigger_nuts You have really gone nuts. Does cocoa grow in your dilapidated IIorin neighborhood? How many metric tons of cocoa are produced in a day? Does a lapper such as you realize that cocoa plant, even though tropical plant, is seasonal? 1 Like |
Re: Cocoa Vs Oil by gratiaeo(m): 7:04pm On Apr 11, 2013 |
cocoa (keke napepe) vs Oil (Range Rover sport) Which 1 can move faster? |
Re: Cocoa Vs Oil by gratiaeo(m): 7:06pm On Apr 11, 2013 |
kettykings: This comparison is the Biggest Joke i have seen from these jokers in a long while. Moderators should take this Joke to the Joke Section immediately.The guy mean palm oil no vex ok! |
Re: Cocoa Vs Oil by kettykings: 7:07pm On Apr 11, 2013 |
gratiaeo:Palm oil does not sell anywhere near $109 / barrel |
Re: Cocoa Vs Oil by gratiaeo(m): 8:51pm On Apr 11, 2013 |
kettykings:Barrel ko' barrow ni' A litter of fuel is N95 A litter of palm oil is N200 compare nah |
Re: Cocoa Vs Oil by nuclearboy(m): 12:14am On Apr 12, 2013 |
I think what OP is saying is that the SW should return to cocoa farming, NOT that it will displace Oil |
Re: Cocoa Vs Oil by CyberG: 12:29am On Apr 12, 2013 |
Some people across the Niger will die of heart attack with jealousy and unveiling these kinds of secret. Yes, there is oil in other part of Nigeria just like the SW has oil in Lagos, Ondo and Ogun states. Oil sands in Ondo is one of the largest deposits in the world which is so far largely untapped. After all that the SW can top it up with $2250 / ton of cocoa. You people are so lucky in that part of Nigeria. Never mind adding the finest workforce in quality and large numbers! |
Re: Cocoa Vs Oil by TheBookWorm: 12:35am On Apr 12, 2013 |
The South West should not simply rely on cocoa, but also focus on manufacturing and other agribusinesses as well. Having a diversity of industries lead to job growth and prevents a shock to your system when prices for a particular product fall. |
Re: Cocoa Vs Oil by musiwa23: 1:13am On Apr 12, 2013 |
This is an itsekiri person.. correct delta girl [img]http://1.bp..com/-QCrUfvFJNQI/TWPhPQO6fDI/AAAAAAAAArs/nIPfy9ClHtk/s1600/Omawumi-If-You-Ask-Me-600x600.jpg[/img] |
Re: Cocoa Vs Oil by musiwa23: 1:21am On Apr 12, 2013 |
this one, call nneka, fake warri girl. she does not know where she comes from.. she is from the east.. most parent dont tell their children about their history in nigeria.. their children are scared to ask. She never ask her parent where they are from.. this one is correct Igbo girl from the eastern part of Nigeria. dont get fooled. . |
Re: Cocoa Vs Oil by musiwa23: 1:28am On Apr 12, 2013 |
to help you out. in Nigeria, they have already sent people to the sea, to verify the pictures i am posting.. so i am telling you the truth. the thing is nigeria govt is a scam govt.. everybody in it, is more of a scam.. they dont tell the truth. |
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