The north and SW have always had this habit of lying badly.

You will recall back when they used to claim that their cocoa and groundnut slave plantations funded the oil exploration and development in the Niger Delta even though this was not the case as oil exploration in the region prior to 1974( the year of the nationalization decree of oil resources) was done at the expense of foreign oil companies like Shell and British Petroluem.

Now that Buhari is budgeting 40bn naira into oil exploration in the NE let it be known where that money actually came from.

Well said, and our money also build Abuja.

dukie25:
Well said, and our money also build Abuja.

And now that the oil has been discovered in chad basin what do you have to say ,it will become coal very soon and you hide your face,its now every where and every corner.

A brief history of Nigeria's oil industry

That is tantamount to saying Saudis funded their oil industry with sun and sand!

Exploration for crude petroleum oil in Nigeria first began in 1908. However, serious and sustained efforts did not happen until Shell Darcy Petroleum Company commenced operations in 1935. It took this company more than 20 years to discover petroleum crude oil in commercial quantities in Oloibiri in 1956.

Before 1965, all the international petroleum marketing companies in Nigeria imported their stocks independently from their own refineries located abroad. As the local demand grew for these products, and following the local availability of crude oil by pipeline, establishment of a refinery in Nigeria became commercially viable..  Two oil marketing companies in Nigeria , Shell and British Petroleum, BP, formed a 50/50 joint venture refining company in Nigeria , the Nigerian Petroleum Refining (NPRC) in 1960.

The NPRC built a 38,000b/d petroleum refinery at Alesa-Eleme, near Port Harcourt to refine local crude oil into five petroleum fuel products. Construction of the refinery commenced in 1963 and production started two years later, in 1965.

Crude oil processed in the NPRC refinery was a portion of the production destined for export through Shell-BP’s Bonny Island export terminal. By a special contract agreement among all the five major products marketing companies, they procured crude oil from Shell-BP..  The crude oil was transported by pipeline to the NPRC Refinery for processing based on the quantity processed, at an agreed unit price per ton of crude oil.

The major marketers also, at their own cost, arranged the timely evacuation of the products from the refinery, mostly by the sea to Lagos and the remaining by road tankers..  The refinery was de-bottlenecked in 1973, in order to increase its crude oil processing capacity from 38,000b/d to 60,000b/d. The domestic demand for petroleum products which steadily increased was satisfied by the NPRC refinery for about 8 to 10 years.

In 1970, the Federal Government acting as a member of OPEC compulsorily acquired and paid for an equity share of 60 percent in all private international companies working in the Upstream and Downstream sectors of the Petroleum Industry in the country.

https://www.nairaland.com/2286512/cocoa-groundnuts-did-not-fund

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MagicBishop:
The north and SW have always had this habit of lying badly.

You will recall back when they used to claim that their cocoa and groundnut slave plantations funded the oil exploration and development in the Niger Delta even though this was not the case as oil exploration in the region prior to 1974( the year of the nationalization decree of oil resources) was done at the expense of foreign oil companies like Shell and British Petroluem.

Now that Buhari is budgeting 40bn naira into oil exploration in the NE let it be known where that money actually came from.

the one and only controversial magicbishop. I like you bro.

MagicBishop:


Ant worker like you.

Get back to work packaging imported toothpaste

Now that's what a slave is

lol!Yorubas started the industrial process in Nigeria,Ikeja industrial estate ,Ilupeju industrial estate ,oshodi isolo industial estate,agabara industial estate ,all planned by late obafemi Awolowo.If not for the coup you gus plotted ,we would produced an LG replica now.

MagicBishop:
The north and SW have always had this habit of lying badly.

You will recall back when they used to claim that their cocoa and groundnut slave plantations funded the oil exploration and development in the Niger Delta even though this was not the case as oil exploration in the region prior to 1974( the year of the nationalization decree of oil resources) was done at the expense of foreign oil companies like Shell and British Petroluem.

Now that Buhari is budgeting 40bn naira into oil exploration in the NE let it be known where that money actually came from.

Niger Delta is still part of Nigeria and the North is still part of Nigeria and whatever Nigeria generates from any part of the North goes directly into the National bank account, the same National bank account the rest of the country including the Niger Delta benefits from.

You hate mongering, bitter, disgruntled, tribalistic, anti Nigeria and divisive elements are damn too preoccupied with your usual insanity and destructive think, but never bother to apply basic common sense and rational thinking..

We don't expect you to wish Nigeria well, but please keep your hating and divisive bullshit to yourself sometimes...

All these ethnic bigots sef, so what the heck is the problem if Baba budgeted 40bn for oil exploration in the north The last time I checked both regions are within the territory of the country and what he is doing is constitutional.

The person saying they discovered in lake chad basin is a lie coz the area tht have oil in lake chad basin are those part on the axis of cameroon borders,,,there is no oil in the Nigeria border of lake chad basin....
the north is just wasting their time & our money from the south in the serach of oil in a place where there is no even lubricant talkless of oil....
The north is cursed & will always remain a liability to the south,the south should wake up from theirslumber & force the north to go

MagicBishop:


Ediot , your people are lazy slaves . Period!

Igbo were civil servants before the war and it was due to the war that you people became traders.You people are selfish ,domineering and greedy.Your biafra will never be heaven on earth.No African country will ever become a powerful country unless Africans unite.

MagicBishop:


The yoruba is a fool at best. A traitor and a lazy man .


Better get used to the fact that we hate you in the better south.


Daft Remi tinubu pant sniffing slave.

you better speak for your self,cause I don't know who made you the spoke man of the south

Your oil is near ' valuelessness' right now, so save us this ' na-we-oyel' rubbish. Check the non-oil revenue generated in recent time, you'd know that when we have all the loopholes blocked, we can survive without oil.

MagicBishop:


I am not Ibo , you fool

Hmm,So Niger Delta is not Biafra?Okay i hear you Niger Delta if you create your countryu will only be 5million people ,with the oil can you still create heaven?

olas24u:


Hmm,So Niger Delta is not Biafra?Okay i hear you Niger Delta if you create your countryu will only be 5million people ,with the oil can you still create heaven?

Ibos are not our problem. They live and work in peace amongst us. No Niger Deltan has been massacred in the name of one useless Mohammed bastard prophet in the southeast .

You fools should know we are not fools like you in the niger delta.

Boko biatch

omo easy ooo

Robbing Peter to pay Paul.

Omenkata:
omo easy ooo

How far?

IdisuleOurOwn:


How far?

i just dey oo

Omenkata:

i just dey oo

You no dey see my mentions with your alts?

D person wey dey my dp say ma greet you.

Em b same tribe with you. I yan am about 1 BloodyKiller way b tribalist for NL.
She dey teach mi Igbo small small