rozayx5:
which oil
mabe the one in chad basin. cause no jweedian is touching ND oil
hausa are quietly mining their minerals and making millions without remitting a kobo to the FG. na oil APC eye dey see. they should keep dreaming

BackDatAssUp:
Which oil?

Hope it is groundnut oil because the niger delta is out.

rozayx5:
which oil
mabe the one in chad basin. cause no jweedian is touching ND oil
hausa are quietly mining their minerals and making millions without remitting a kobo to the FG. na oil APC eye dey see. they should keep dreaming

LRNZH:


Speak for yourself and fellow militants.

The average SS man did not see kobo kobo under GEJ and Diezani.

Boyloaf, Tompolo, Asari etc na dem wack the $12Billion per annum oil bunkering business.

Niger Delta is gong nowhere.

BackDatAssUp:


So they should give it to your slave masters? God punish you wherever you are.

Come and collect the oil nah. We are waiting for you.

Maybe na only you want fight o...

You're making a gross miscalculation here this boy.

The militants have stuffed their pockets and have too much to lose. These are multi billionaires. None of them has the appetite for a sustained guerilla warfare.
Even the average Nigerian from the Niger Delta views those militants with scorn because of the chop alone syndrome.

A few skirmishes here and there, and capiche. Watch how things will unravel. Go and ask.

Promhize:
We are talking about diversifying the economy, this ones are talking about growing oil production. Do they even think Niger delta's threats are just bluffs

LRNZH:


Maybe na only you want fight o...

You're making a gross miscalculation here this boy.

The militants have stuffed their pockets and have too much to lose. These are multi billionaires. None of them has the appetite for a sustained guerilla warfare.
Even the average Nigerian from the Niger Delta views those militants with scorn because of the chop alone syndrome.

A few skirmishes here and there, and capiche. Watch how things will unravel. Go and ask.

LRNZH:


Does diversifying the economy imply abandoning the oil sector?

LRNZH:


Does diversifying the economy imply abandoning the oil sector?

LRNZH:


The All Progressive Congress (APC), has said that if given a chance at the central government, it will grow Nigeria’s daily crude oil production to 4 million barrels per day (mbpd) by 2019.

The party stated this at a town hall meeting [/b]organised by the Centre for Democracy and Development (CDD) to discuss the policy documents of two leading political parties in the forthcoming general elections, the Peoples Democratic Party (PDP and APC).

[b]The APC by its plan, promised to grow Nigeria’s crude oil production from the current average of 2.2mbpd to 4mbpd within four years.
It additionally said that it would grow Nigeria’s revenue from crude oil production to $50 billion from its current level and in the process, completely eliminate gas flaring within two years, which is by 2017.

The Publicity Secretary of APC, Alhaji Lai Mohammed in a lengthy presentation at the town hall meeting which was also meant to set an adoptable agenda for the development of Nigeria’s petroleum industry, explained that if the APC was elected, it would also augment gas supply to Nigeria’s power sector by 500 million standard cubic feet per day (mscuf) by 2019, about double of what the country’s power sector gets from the domestic gas supply agenda of the federal government.

“We will increase government revenue from its current $30 billion per annum to $50 billion per annum within four years through a proactive measure without losing the attractiveness of the sector,” Mohammed said in reeling out the plans of the party for the sector.

He noted that an APC led federal government would also open up the sector to ensure accountability both within the Nigerian National Petroleum Corporation (NNPC) and all other government agencies in the sector, adding that with considerable look on the recommendation of the Oil and Gas Industry Committee (OGIC) 2001, upon which the PDP led federal government was planning its reform of the country’s petroleum sector, it would push for greater reform in the sector.

Within such reform and with regards to the Petroleum Industry Bill (PIB) which has remained in limbo for long now, Mohammed noted that APC would split the PIB into parts to make it easier for passage, adding that the PIB as currently constituted was complex.
He said: “PIB as it is, is currently complex. We will split the PIB into separate parts and submit them to the National Assembly to pass into law.”

He explained that investments in the country's upstream and marginal oil fields would be pursued by the APC, with regards to redefining the Production Sharing Contract (PSC) regime as currently observed.

APC, he said, would ensure that the government negotiated viable and profitable PSC arrangements with interested operators and at the same time, ensure that the financial burden of developing acreages was shifted from the government to private operators.

But the PDP, which was represented by one of its officials at the town hall meeting, Dr. Katchy Onunuju, said that it won't spend time repeating what the APC chieftain said as the party was only trying to reinvent most of what it was already doing in the country’s petroleum sector.

Onunuju picked holes at APC's plan for the entire petroleum sector, saying that the party's preference for foreign investors in the sector as against PDP's embrace of local investors was against the interests of Nigerians.

He said: “APC is rephrasing what we are already doing. Crude oil presently constitutes just about 15 per cent of our Gross Domestic Product and what we have done is to expand it to allow it work for all Nigerians.

“We attempted to deregulate the downstream sector to allow Nigerians benefit from its attendant opportunities but the opposition galvanised Nigerians against us, and in partnership with people that were benefiting from the ugly subsidy attempted to shut down the country.

“As stated by my brother, Mohammed in his position paper, APC wants to bring in private foreign investors to mine our oil and gas; we are saying, no, we want our people to mine and make use of the oil and gas that we have for our benefits.

“Why engage foreigners to do what our people can do. It is always a win-win when Nigerians are in charge of our oil and gas industry and that is what we are doing now. Let me tell you the truth that APC don't know; the Nigerian Civil War was not fought just for the unity of Nigeria but to gain access to the oil and gas resources and it is the same thing now with this election because we have said, no way, Nigerians should take ownership of their resources.”

http://www.thisdaylive.com/articles/apc-pledges-to-grow-oil-production-to-4mbpd-revenue-to-50bn-by-2019/201199/

LRNZH:


Speak for yourself and your fellow militants. Not for the Niger Delta.

The average SS man did not see kobo kobo under GEJ and Diezani.

Boyloaf, Tompolo, Asari etc na dem wack the $12Billion per annum oil bunkering business.

Niger Delta is going nowhere.

LRNZH:


Does diversifying the economy imply abandoning the oil sector?

BackDatAssUp:
Which oil?

Hope it is groundnut oil because the niger delta is out.

Promhize:


Basing your plans, goals, objective and budget on increased oil production implies abandoning the others

egift:


A single oil well you do not have, but you are here running your mouth.

BackDatAssUp:


So they should give it to your slave masters? God punish you wherever you are.

Come and collect the oil nah. We are waiting for you.

Zoharariel:


Where were the Niger Deltans when the North financed & developed the Oil Explorations in the Niger Delta with the proceeds from the following regions:

1.) Cotton & Groundnuts from the North.

2.) Cocoa from the West.

3.) Rubber, Palm Oil, Palm Kernel & Timber from the Midwest.

4.) Palm Oil from the East

There is no gainsaying that the present day Oil Industry was developed by the North.

BackDatAssUp:
Fool. Go and plant cocoa

Zoharariel:


Where were the Niger Deltans when the North financed & developed the Oil Explorations in the Niger Delta with the proceeds from the following regions:

1.) Cotton & Groundnuts from the North.

2.) Cocoa from the West.

3.) Rubber, Palm Oil, Palm Kernel & Timber from the Midwest.

4.) Palm Oil from the East

There is no gainsaying that the present day Oil Industry was developed by the North.

egift:


But I say unto you, That whosoever is angry with his brother without a cause shall be in danger of the judgment: and whosoever shall say to his brother, Raca, shall be in danger of the council: but whosoever shall say, Thou fool, shall be in danger of hell fire.
- Matthew 5:22

Sai Buhari all the way! - This Change is unstoppable. God bless Nigeria.

Zoharariel:


Where were the Niger Deltans when the North financed & developed the Oil Explorations in the Niger Delta with the proceeds from the following regions:

1.) Cotton & Groundnuts from the North.

2.) Cocoa from the West.

3.) Rubber, Palm Oil, Palm Kernel & Timber from the Midwest.

4.) Palm Oil from the East

There is no gainsaying that the present day Oil Industry was developed by the North.

GiantParrot:


Must you guys keep lying to prove a point? The oil companies were solely responsible for the costs of exploration in the early stages of the oil industry. The Nigerian government only started contributions after some of the stakes in the oil companies were nationalized. These contributions were based on previously earned oil revenues. Your have clearly been deceived by false tales from the likes of Ango Abdullahi. If you still believe you're right, I challenge you to come up with an authoritative source that corroborates your claim.