I said stopped exporting crude and not importing refined fuels if you missed my tittle.

It is a very big shame that for over 50yrs since oil was discovered and exploited in mass quantities we as a Nation still export crude.

If I were the President of Nigeria, I would have pulled out of OPEC, chased out multinational oil companies which only drilled and exported crude and in their place attracted oil companies that will only drill, process and export refined petrochemical resins and fuels.

If we had our act together, the 2.5million barrels of crude we currently export is capable of generating over 20 times the value we get from exporting unrefined crude.

Our petrochemical industry would have been booming and millions of jobs and opportunities would have been created.

We should discard the lazy Saudi Model in preference to what developed Nations like Japan who by the way have no crude reserves but rather imports crude then refines it for exports.

But rather what we have today is such the opposite that our petrochemical industry is non existing to the point that we still have to import refined fuels for our domestic market.

This is not only mind boggling but plain madness of the highest order!

Take a look around you, just look at every made product in your environment. You will see that Petroluem resins were utilized to produce it!

okay

good to know

^^U 2 fast abi Ur network na winch craft ni

Just because of d price drop of oil our blessed country is experiencing an economic downturn.

What happened to our agricultural sector

Where re d groundnuts pyramid

What happened to our cocoa exports

Where is d diversification of our economy

Science has advanced dat soon oil wil be forgotten. Now tel me, wat wil we hav to cater for our country and needs. Cars use fuel gotten from oil ryt, now we ve electric cars and biogas has replaced fuel for generators tho it hasn't been circulated.

Nigerian is in a big mess and only God and selfless leaders can turn things around.

Have you wondered why US demand for crude imports has reduced?

It isn't tied to the now moribund Shale industry but rather US crude imports have crashed because American industries have packed up and move to China.

Crude is not just an energy source to power clunky yank junks but was utilized in the then booming manufacturing sector in the US. With most of the US companies closing shop and heading to China most of that Crude demand has virtually crashed.

America now only requires crude imports as an energy source but given the failing economy with most Americans out of employment, gas demand has also taken a huge dip.

Shale is a good alternative to crude as an energy source but Shale oil yields less valuable resins as those utilized in the manufacturing sector.


This is the real situation.

We as a Nation can not continue to operate the Traingular Trade of the 18th century in this current millennium.

We must as a matter of urgency stop selling crude oil and start investing in exporting refined petrochemical products and resins.

This is where the money and jobs will be created.

But the lazy parasitic north and the yeasts to the Southwest still believe that the Saudi lazy model is best and this is why they oppose the passage of the PIB.

ibrams:

Did I just RedPilled you?

Why do you think crude is so valuable today even at over $50?

That is because there are people outside this useless lazy nation who know the true value of crude.

They don't call it black Gold for nothing.

Everything from electronics, paints, fertilizers to pharmaceuticals are synthesized from crude.

We selling crude is like a man selling his furniture to pay the rent.

In response to selling crude we import virtually everything.

The surest way to diversify our economy is to bring about a viable Petrochemical industry.

This is why I laugh at fools who tell us from the ND to drink our worthless crude.

I just see these folks displaying their gross foolishness when they state such rubbish.

Will the fools ruling us think in this direction

Ok

Make them do am make I see

Discovery of oil has always been the first step to our downfall as a nation.