Many atimes we have heard so much noise about SW not producing oil. Ondo has always been an oil producing state and a member of NDDC. The good news of Lagos State joining the league of all producers also gladdens the heart, with Ogun State reserve between Tonkeji Island and benin Republic border a welcome development.

Undeniable facts and figures clearly show that the only oil producing state in SW is the number 6 largest producer in the country and its total production, by extension SW, surpasses all other regions apart from the oil rich SS region.

K

superstar1:
Many atimes we have heard so much noise about SW not producing oil. Ondo has always been an oil producing state and a member of NDDC. The good news of Lagos State joining the league of all producers also gladdens the heart, with Ogun State reserve between Tonkeji Island and benin Republic border a welcome development.

Undeniable facts and figures clearly show that the only oil producing state in SW is the number 6 largest producer in the country and its total production, by extension SW, surpasses all other regions apart from the oil rich SS region.

The future of oil is bleak, come down to Aba let's teach you sewing and shoe making, Fayose must not pay for your apprentice fee.

BuddahMonk:


The future of oil is bleak, come down to Aba let's teach you sewing and shoe making, Fayose must not pay for your apprentice fee.

BuddahMonkey, Fayose is only messing with your head.

You do not have any trade anybody can learn from, apart from buying and selling and buying and selling is a no-brainer.

superstar1:
Many atimes we have heard so much noise about SW not producing oil. Ondo has always been an oil producing state and a member of NDDC. The good news of Lagos State joining the league of all producers also gladdens the heart, with Ogun State reserve between Tonkeji Island and benin Republic border a welcome development.

Undeniable facts and figures clearly show that the only oil producing state in SW is the number 6 largest producer in the country and its total production, by extension SW, surpasses all other regions apart from the oil rich SS region.

Crude oil does not necessarily translate to wealth.
Think outside the colonial box for once in your life.

imhotep:

Crude oil does not necessarily translate to wealth.
Think outside the colonial box for once in your life.

We careless about oil.

That is why SW is the financial capital of west africa, the most industrialised part of west africa, the part that has the highest education institutions in west africa, the part of wst africa with the highest number of middle class.

Achieve all that and we shall know that your region is really thinking out of box.

Are they still discussing issues about crude oil?

superstar1:


We careless about oil.

That is why SW is the financial capital of west africa, the most industrialised part of west africa, the part that has the highest education institutions in west africa, the part of wst africa with the highest number of middle class.

Achieve all that and we shall know that your region is really thinking out of box.

Good. Now stop spreading rumors on NL

superstar1:


We careless about oil.

That is why SW is the financial capital of west africa, the most industrialised part of west africa, the part that has the highest education institutions in west africa, the part of wst africa with the highest number of middle class.

Achieve all that and we shall know that your region is really thinking out of box.

Yorubas and propaganda are like dick and.......can we have credible link for your illustration?

I have sharched this is what I got
REVENUE & INDUSTRY DATA

< Back to all posts Oil Producing States April 15, 2013
Atlantic coast of Nigeria where the Niger River divides into numerous tributaries and along the coast from Benin River on the west to the Imo River on the east lies the oil rich Niger Delta.
Home to some 30 million people from the Ijaws, Edos, Urhobos, Itsekiris, Yorubas, Igbos, Efiks and Kalabaris, the Niger delta occupies a land mass area that makes up 7.5% of the country. The traditional oil producing Niger delta states are Edo, Delta, Bayelsa, Rivers, Akwa-Ibom and Cross Rivers. Abia, Ondo, Imo were later additions. Anambra State was recently added in 2012 by the president to make up the ten oil-producing states. The 80-20 States
Akwa-Ibom is the highest oil producing state with eight local government areas in the state hosting production. Apart from crude oil, Akwa-Ibom has several natural mineral resources such as clay, limestone, salt, coal, natural gas, giver nitrate and glass sand.
Rivers state is famous for its oil production, with vast reserves of crude oil and natural gas. It is also the chief oil-refining city in the country with two refineries in Port Harcourt. For several years Rivers State produced more oil than all the other states before being displaced from its position by Akwa-Ibom. The main occupation of its people is farming and fishing, with the state government currently running a robust agricultural policy, aimed at improving food production.
Delta state ranks third to rivers and produces a major fraction of Nigeria’s crude oil. The nation’s second refinery as well as petrochemical plant is located in the state, at Warri. The people of the state are mostly farmers, with agricultural produce as; yam, fish crab, cocoa yam, rubber.
Bayelsa state is home to Oloibiri in Ogbia local government were crude oil was first discovered in commercial quantities back in 1956. The first oil well was active for 20 years before it was shut down. The major occupation of Bayelsa people are fishing and farming. Nigeria’s crude oil types were named after the regions that produce them- Bonny Light is named after the prolific city of Bonny in Rivers state, home to the liquefied natural gas (LNG) on Bonny Island. Qua Iboe is from Akwa Ibom, Brass comes from Bayelsa, Forcados and Escravos from Delta. Revenue Contributions, Derivations and Community Funds
There is a derivation principle governing the allocation of revenue to oil producing states. The 13% derivation was enshrined in the 1999 constitution, and came into effect in year 2000. After the sale of Nigeria’s crude oil, 13% is removed from the gross oil revenue exclusively for oil producing states. To understand how oil revenue is shared. Each oil producing state gets a share out of 13% revenue, calculated based on the production of oil from the individual states. For instance, Akwa-Ibom earns the largest revenue from derivation royalties because it is the highest oil producer out of the oil producing states. These sums are paid into the state accounts.
If the presently debated Petroleum Industry Bill is passed into law, with the Host Community Fund allocation, communities described “petroleum producing areas” are set get a new 10% funding for socio-economic and infrastructure development. Dearth in the Midst of Plenty
In human development terms, the delta fares somewhat better –poverty rates according to the NBS are said to be lower by half, compared to the rest of Nigeria. Contrary to these findings, over 75% of the people of the delta rate themselves as poor. Despite the oil riches of the delta region, the glaring paradox is that it remains grossly underdeveloped in terms of formal economy, infrastructure and public services. Militancy is just one of the symptoms of the deeply rooted problems in the delta regions. Environmental damage brought about by decades of exploitation; continuous gas flaring, oil spills, illegal refining, oil theft and lenient laws continue to worsen the situation. Multinational oil companies have contributed in part to these hazards. These companies have had to pay compensations to calm volatile reactions from communities and/or penalties albeit at lower rates than international standards.
The agitations of different stakeholders in the Niger Delta have posed a number of pertinent questions around good governance and benefit capture for the oil producing communities. For instance, some communities have claimed that in the past 13 years, their governors have misappropriated over N7.282 trillion received as derivation funds, calling on NEITI and other agencies to intervene in this matter.
Over the years, the Nigerian government has increased financial allocations to the area and established all sorts of agencies to oversee socio-economic development within the Niger Delta. Some of the agencies have included the likes of OMPADEC (1996) now defunct, NDDC(2000) and Ministry of Niger Delta Affairs (2008) South-South State Governors from oil producing states have also jointly ventured into establishing an organisation- the BRACED Commission to promote regional, economic co-operation and integration. To what extent though have these agencies and financial allocations addressed the problems of the delta? What value creation have they accomplished? What can be done to strengthen good governance and transparency around natural resources countrywide?

The picture in this article was sourced fromMNDA website/

http://oilrevenueng.org/oil-producing-states-3/



FKO81:

Yorubas and propaganda are like dick and.......can we have credible link for your illustration?

I have sharched this is what I got
REVENUE & INDUSTRY DATA

< Back to all posts Oil Producing States April 15, 2013
Atlantic coast of Nigeria where the Niger River divides into numerous tributaries and along the coast from Benin River on the west to the Imo River on the east lies the oil rich Niger Delta.
Home to some 30 million people from the Ijaws, Edos, Urhobos, Itsekiris, Yorubas, Igbos, Efiks and Kalabaris, the Niger delta occupies a land mass area that makes up 7.5% of the country. The traditional oil producing Niger delta states are Edo, Delta, Bayelsa, Rivers, Akwa-Ibom and Cross Rivers. Abia, Ondo, Imo were later additions. Anambra State was recently added in 2012 by the president to make up the ten oil-producing states. The 80-20 States
Akwa-Ibom is the highest oil producing state with eight local government areas in the state hosting production. Apart from crude oil, Akwa-Ibom has several natural mineral resources such as clay, limestone, salt, coal, natural gas, giver nitrate and glass sand.
Rivers state is famous for its oil production, with vast reserves of crude oil and natural gas. It is also the chief oil-refining city in the country with two refineries in Port Harcourt. For several years Rivers State produced more oil than all the other states before being displaced from its position by Akwa-Ibom. The main occupation of its people is farming and fishing, with the state government currently running a robust agricultural policy, aimed at improving food production.
Delta state ranks third to rivers and produces a major fraction of Nigeria’s crude oil. The nation’s second refinery as well as petrochemical plant is located in the state, at Warri. The people of the state are mostly farmers, with agricultural produce as; yam, fish crab, cocoa yam, rubber.
Bayelsa state is home to Oloibiri in Ogbia local government were crude oil was first discovered in commercial quantities back in 1956. The first oil well was active for 20 years before it was shut down. The major occupation of Bayelsa people are fishing and farming. Nigeria’s crude oil types were named after the regions that produce them- Bonny Light is named after the prolific city of Bonny in Rivers state, home to the liquefied natural gas (LNG) on Bonny Island. Qua Iboe is from Akwa Ibom, Brass comes from Bayelsa, Forcados and Escravos from Delta. Revenue Contributions, Derivations and Community Funds
There is a derivation principle governing the allocation of revenue to oil producing states. The 13% derivation was enshrined in the 1999 constitution, and came into effect in year 2000. After the sale of Nigeria’s crude oil, 13% is removed from the gross oil revenue exclusively for oil producing states. To understand how oil revenue is shared. Each oil producing state gets a share out of 13% revenue, calculated based on the production of oil from the individual states. For instance, Akwa-Ibom earns the largest revenue from derivation royalties because it is the highest oil producer out of the oil producing states. These sums are paid into the state accounts.
If the presently debated Petroleum Industry Bill is passed into law, with the Host Community Fund allocation, communities described “petroleum producing areas” are set get a new 10% funding for socio-economic and infrastructure development. Dearth in the Midst of Plenty
In human development terms, the delta fares somewhat better –poverty rates according to the NBS are said to be lower by half, compared to the rest of Nigeria. Contrary to these findings, over 75% of the people of the delta rate themselves as poor. Despite the oil riches of the delta region, the glaring paradox is that it remains grossly underdeveloped in terms of formal economy, infrastructure and public services. Militancy is just one of the symptoms of the deeply rooted problems in the delta regions. Environmental damage brought about by decades of exploitation; continuous gas flaring, oil spills, illegal refining, oil theft and lenient laws continue to worsen the situation. Multinational oil companies have contributed in part to these hazards. These companies have had to pay compensations to calm volatile reactions from communities and/or penalties albeit at lower rates than international standards.
The agitations of different stakeholders in the Niger Delta have posed a number of pertinent questions around good governance and benefit capture for the oil producing communities. For instance, some communities have claimed that in the past 13 years, their governors have misappropriated over N7.282 trillion received as derivation funds, calling on NEITI and other agencies to intervene in this matter.
Over the years, the Nigerian government has increased financial allocations to the area and established all sorts of agencies to oversee socio-economic development within the Niger Delta. Some of the agencies have included the likes of OMPADEC (1996) now defunct, NDDC(2000) and Ministry of Niger Delta Affairs (2008) South-South State Governors from oil producing states have also jointly ventured into establishing an organisation- the BRACED Commission to promote regional, economic co-operation and integration. To what extent though have these agencies and financial allocations addressed the problems of the delta? What value creation have they accomplished? What can be done to strengthen good governance and transparency around natural resources countrywide?

The picture in this article was sourced fromMNDA website/

http://oilrevenueng.org/oil-producing-states-3/



what exactly is your point

this will interest you https://www.nairaland.com/2048991/senate-rejects-bill-recognise-anambra/6#28967972

superstar1:
Many atimes we have heard so much noise about SW not producing oil. Ondo has always been an oil producing state and a member of NDDC. The good news of Lagos State joining the league of all producers also gladdens the heart, with Ogun State reserve between Tongeji Island and benin Republic border a welcome development.

Undeniable facts and figures clearly show that the only oil producing state in SW is the number 6 largest producer in the country and its total production, by extension SW, surpasses all other regions apart from the oil rich SS region.

^^^^^^^
@Superstar1 @all

Ondo State is the 5th LARGEST crude-oil producing state in Nigeria based on onshore
and offshore statistics. Ondo State's
production output is among the 20% of
oil production in Nigeria represented by
Ondo, Edo, Imo, and Abia. Ondo State's output
from the Ilaje axis of southern Ondo [onshore
and offshore] is slightly higher than Edo, and
3 times the COMBINED annual output of
Imo and Abia states.

I worked in the oil industry in Nigeria and lived
and worked in PH as well and this fact is an
open secret to those in the industry and others
who are well-informed. I discovered over
the years - even before 2005 when Nairaland
was formed by Seun, [I started using Nairaland in June 2005], that some misguided people had
been posting messages online as far back as
2001 that the Western part of Nigeria has been
feeding on the oil from the SE/SS without
contributing anything.



I thought the topic of
this thread would originally be used to NOT
only set the record straight about crude-oil
production output and contribution to the
Nigerian economy state-by-state, but also
witness positive contributions on how to
maximize oil and gas usage for the benefit of
the main oil and gas producing states in Nigeria
through VALUE ADDITION and internal utilisation
for the BENEFIT of all in the face of reduced
demand for Nigerian crude oil by the traditional
buyers such as the U.S., China, India, etc.

I'm just reading this thread again, and saw another
uninformed and misguided poster BELOW
saying that Ondo is the least oil producer among
all the oil-producing states which is clearly
FALSE! Nairaland should NOT be used to
twist facts but should be used to educate
people, and this is why I usually intervene
by posting facts from time-to-time whenever
some people peddle falsehood online.


The SUMMARY of each of the oil-producing
states output based on the March 2012 data
by the Revenue Mobilisation Allocation and
Fiscal Commission shows the highest to the
lowest oil and gas producers below:

Akwa Ibom, Rivers, Delta, Bayelsa, Ondo, Edo,
Imo, and the least is Abia. (Cross River oil output has since dropped).

As for gas production, Bayelsa is the leading
producer, followed by Rivers, Delta, Akwa Ibom,
Edo, Imo, Ondo, Cross River, and the least is
Abia.

superstar1:



what exactly is your point

this will interest you https://www.nairaland.com/2048991/senate-rejects-bill-recognise-anambra/6#28967972

be calm, the IGBOS are naturally better than you tribal nonentities with a low I.Q

This will make some chestbeaters sleep with much snoring today.

I learnt chestbeating reduces snoring.

FKO81:

Yorubas and propaganda are like dick and.......can we have credible link for your illustration?


http://oilrevenueng.org/oil-producing-states-3/



Did you disprove the point of the OP?

superstar1:


BuddahMonkey, Fayose is only messing with your head.

You do not have any trade anybody can learn from, apart from buying and selling and buying and selling is a no-brainer.

You have finally brought your extreme level of Illiteracy to NL.... what is trade without buying and selling?

Ondo is the least producing state of all NDDC states.

BuddahMonk:


The future of oil is bleak, come down to Aba let's teach you sewing and shoe making, Fayose must not pay for your apprentice fee.

ha-ha hahaha technical knockout

superstar1:


BuddahMonkey, Fayose is only messing with your head.

You do not have any trade anybody can learn from, apart from buying and selling and buying and selling is a no-brainer.

are you talking out of ignorance or stupidity

superstar1:


We careless about oil.

That is why SW is the financial capital of west africa, the most industrialised part of west africa, the part that has the highest education institutions in west africa, the part of wst africa with the highest number of middle class.

Achieve all that and we shall know that your region is really thinking out of box.

the highest number of middle class yet Osun state can hardly feed becos of lack of salary for instead a state of hunger emergency was declared. The highest middle class yet a quarter bag of rice decided elections in ekiti. You people should stop all dis ur usual tongue waging nd cheast beating over what u don't have

[quote author=Mapletraks post=34968900][/quote] you yorubas re just pathetic common sense will tell you that you cannot compare a region were one state produces oil to other were they had three States producing. Talking of middle class the east has far more middle class than u yorubas. At least it is evidenced in ur red roofs and an army of mud houses scattered all over the West

new2020:
Ondo is the least producing state of all NDDC states.

^^^^^^^^^
@new2020

ONDO State is the 5th largest crude oil
producer in Nigeria, followed closely by
Edo State, then Imo State, and Abia State
is the least oil-producing state. Some of
us who use Nairaland such as myself have
worked and still work in the oil and gas
industry and know FULL WELL that you
are lying or just plain IGNORANT!

You have been posting this FALSE information
on Nairaland that Ondo State is the lowest
oil-producer on other threads and claiming
that the information is from NNPC. This is
highly mischievious of you!

You must DESIST from this insidious and
petty behavior, so that you don't confuse
people who use Nairaland for educational
and business research.