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Nairaland Forum / Nairaland / General / Politics / Chad Basin: Oil Prospects Or Agric Prosperity? (10731 Views)
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Chad Basin: Oil Prospects Or Agric Prosperity? by Amoto94(m): 9:03pm On Jan 21, 2016 |
BY AHMAD SALKIDA AND ABUBAKAR KUNDIRIhttps://www.thecable.ng/chad-basin-oil-prospect-agric-prosperity Mapet, laudate sagamite obinoscopy anonimi modath 2 Likes 1 Share |
Re: Chad Basin: Oil Prospects Or Agric Prosperity? by Amoto94(m): 10:23pm On Jan 21, 2016 |
raumdeuter baba your input is needed |
Re: Chad Basin: Oil Prospects Or Agric Prosperity? by mapet: 8:13am On Jan 22, 2016 |
@Amoto94, can I get some clarifications here; 1. What is the source of this article? 2. Is the following quote under not in bad faith ? "On a face value, this sounds wise and reassuring to the political elites from the north of the country who not only treasure the allure of petro- wealth but love the idea that oil bragging right could also be theirs." 3 Likes |
Re: Chad Basin: Oil Prospects Or Agric Prosperity? by Amoto94(m): 10:18am On Jan 22, 2016 |
mapet:Source:salkida.com/lakechad-oil-prospects-or-agric-prosperity/ I don't think the quote is in bad faith as this will also spur other regions to look inward and develop their Agric sector. 2 Likes |
Re: Chad Basin: Oil Prospects Or Agric Prosperity? by mapet: 1:19pm On Jan 22, 2016 |
Amoto94: Fair enough........ my thoughts are these 1. The lines between the quest for Oil and Agric starts from being parallel the intersect if we are wise 2. Countaries like UAE, Qatar, Malaysia etc have used their Oil wealth for rapid infrastructure development and investments in which Agri-business is one key area 3. The quest to find Oil is something Oil producers continually do. Oil when found continues to either deplete or unrecoverable. Oil producers focus on reserves replacements and that is why it is important to find more oil. Oil WILL bounce back to her respectable heights 4. We can leverage on both to strengthen our economy.... Besides Salkida will naturally write from the perspective of humanist orientation, while I see things from a Capitalist POV. Neither is wrong. 5 Likes 1 Share |
Re: Chad Basin: Oil Prospects Or Agric Prosperity? by Amoto94(m): 2:08pm On Jan 22, 2016 |
mapet:You are right in some of the points you raised; like failure of past leaders to invest in infrastructures and Agric during the oil boom, oil will always remain relevant till the next century so more is needed to shore up the reserves. Exploration should also be carried out in States like Osun and Ogun |
Re: Chad Basin: Oil Prospects Or Agric Prosperity? by looseweight: 2:32pm On Jan 24, 2016 |
Lemme read |
Re: Chad Basin: Oil Prospects Or Agric Prosperity? by kennyman2000(m): 2:33pm On Jan 24, 2016 |
Hmmmmm |
Re: Chad Basin: Oil Prospects Or Agric Prosperity? by Emekamex(m): 2:33pm On Jan 24, 2016 |
->I will go with agriculture. ->It is a major source of income and also helps to maintain ecosystem and as well curtail global warming.(ie it serves two purposes) ->Crude oil on the other hand is not profitable as it is used to be and it does great damage to the environment and the ecosystem. ->The choice is left for Buhari to choose the one he wants. 3 Likes |
Re: Chad Basin: Oil Prospects Or Agric Prosperity? by PoliticalThuG(m): 2:34pm On Jan 24, 2016 |
I dnt understand |
Re: Chad Basin: Oil Prospects Or Agric Prosperity? by Nobody: 2:35pm On Jan 24, 2016 |
This write up is long o. The president is doing both, he has been pushing hard for reviving agriculture on that axis. Infact that was the major reason why he was in paris. President Muhammadu Buhari on Tuesday in Paris urged developed countries to make strong financial commitments to the 14 billion dollars urgently needed to revive the Lake Chad Basin. The president stated this at a high level meeting on “Climate change challenges and solutions in Africa’’, on the sidelines of the on-going UN Climate Change Conference, COP 21. www.ngrguardiannews.com/2015/12/buhari-challenges-world-leaders-on-14bn-dollars-lake-chad-revival-fund/ www.vanguardngr.com/2015/12/buharis-strong-case-for-lake-chad/ theeagleonline.com.ng/in-paris-buhari-makes-strong-case-for-lake-chad-by-garba-shehu/ There is nothing wrong pushing for both. 3 Likes 1 Share |
Re: Chad Basin: Oil Prospects Or Agric Prosperity? by Salex007(m): 2:35pm On Jan 24, 2016 |
I go for Agric prosperity 1 Like 1 Share |
Re: Chad Basin: Oil Prospects Or Agric Prosperity? by thefakestan: 2:36pm On Jan 24, 2016 |
Reading , well I wish the people of lake Chad "good luck" ThefakeStan |
Re: Chad Basin: Oil Prospects Or Agric Prosperity? by MrPresident1: 2:36pm On Jan 24, 2016 |
The price of a barrel of oil is now $28, the cost of production of one barrel is about $20, there is a differential of about $8. Assuming Nigeria produces and is able to sell 2m barrels per day, we have 16million dollars per day as revenue. There are 170 million of us, which means theoretically each of us will get (16,000,000/170,000,000) = 0.094 dollars for each person. 0.094*305= N28.67 for every Nigerian/day. This of course is very rudimentary economics, the aim nonetheless is to show the dire straits that will be driven home to Nigerians shortly. Nigeria you have no idea what is staring you in the face! 4 Likes |
Re: Chad Basin: Oil Prospects Or Agric Prosperity? by ictmikky(m): 2:36pm On Jan 24, 2016 |
God bless Nigeria |
Re: Chad Basin: Oil Prospects Or Agric Prosperity? by kay29000(m): 2:37pm On Jan 24, 2016 |
hmm |
Re: Chad Basin: Oil Prospects Or Agric Prosperity? by Drsmith01(m): 2:37pm On Jan 24, 2016 |
Which ever it is.....make money just comot ni temi |
Re: Chad Basin: Oil Prospects Or Agric Prosperity? by babyfaceafrica: 2:38pm On Jan 24, 2016 |
Amoto94:I think dere is an exploration goin on at ode-omi (ogun waterside)and ipokia ,all ogun state |
Re: Chad Basin: Oil Prospects Or Agric Prosperity? by babyfaceafrica: 2:39pm On Jan 24, 2016 |
mapet:you are right,that quote is in bad faith...the language use is wrong..anyway nice writeup |
Re: Chad Basin: Oil Prospects Or Agric Prosperity? by lincolnj88: 2:41pm On Jan 24, 2016 |
hope its d revenue from gworo will be used for this unprofitable ventures..... 2 Likes |
Re: Chad Basin: Oil Prospects Or Agric Prosperity? by Standing5(m): 2:42pm On Jan 24, 2016 |
Agriculture prospect for me. |
Re: Chad Basin: Oil Prospects Or Agric Prosperity? by sapientia(m): 2:42pm On Jan 24, 2016 |
Too much oil in the market.. and the price might npt go up again.. unless some countries are sanctioned thus reducing the oil... (which may not happen .. people are wiser now) If the price hits 20 dollars... IOCs cease production.. yep.. cost of production is between 10 to 30.. depends Nigeria can barely sustain its budget so why spend that much on experiment... Agriculture already had huge prospects due to massive funding and innitiatives from the past administration. Diverting fund to look for oil might actually result in the already succesful Agric sector being left to decay God forbid oil is not found there... God forbid.. or it will be back to square one 2 Likes |
Re: Chad Basin: Oil Prospects Or Agric Prosperity? by Integrityfarms(m): 2:43pm On Jan 24, 2016 |
Misplaced Priority is what we see in this sham and scam government. #onechanceindeed 2 Likes |
Re: Chad Basin: Oil Prospects Or Agric Prosperity? by Godfullsam(m): 2:44pm On Jan 24, 2016 |
Summary pls |
Re: Chad Basin: Oil Prospects Or Agric Prosperity? by Pavore9: 2:47pm On Jan 24, 2016 |
Agriculture is it. 1 Like |
Re: Chad Basin: Oil Prospects Or Agric Prosperity? by Nobody: 2:47pm On Jan 24, 2016 |
Hahaha haha, Italian laughter,,,,,,, Lake Chad of Nigeria is just 1/10 of the lake, THERE IS NO OIL IN LAKE CHAD OF NIGERIA, political Geologist should stop this foolishness. 2 Likes |
Re: Chad Basin: Oil Prospects Or Agric Prosperity? by Nobody: 2:50pm On Jan 24, 2016 |
Ok |
Re: Chad Basin: Oil Prospects Or Agric Prosperity? by Nicepoker(m): 2:56pm On Jan 24, 2016 |
I go for AGRICULTURAL CRUDE OIL 2 Likes |
Re: Chad Basin: Oil Prospects Or Agric Prosperity? by jimi4us: 3:03pm On Jan 24, 2016 |
Imagine lake that is now own by dangerous boko haram is where they are looking for oil. Una name na sorry. 2 Likes |
Re: Chad Basin: Oil Prospects Or Agric Prosperity? by rocoh(m): 3:03pm On Jan 24, 2016 |
All they have found is Gas shows( Gas show----Gas that rises to the surface, usually detected because it reduces the density of the drilling mud. Gas detectors, which the mud logger monitors, measure combustible gases (methane, ethane, butane and others). The mud logger reports total gas, individual gas components, or both, on the mud log. In extreme cases, gas visibly bubbles out of the mud as it returns to the surface. Because the mud does not circulate to the surface for a considerable time, sometimes lagging several hours after a formation is drilled, a gas show may be representative of what happened in the wellbore hours (or many feet) prior to the ) no one has discovered oil in the Borno Basin which is our own part of the Chad Basin. Geologically two reasons are given : 1 Nigeria is far from the depocenter of Chad Basin. 2 The intrusion of the Jurassic Younger Granite has has gasified any oil that might have been available there. 1 Like |
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