Viktor1983:
Nigeria loves raw materials, miracle and prayers..
A lot of folks on here have become excited because they know that the leadership/Govt in Nigeria(which they support) has failed in living up to promises and only oil/expensive precious metal will save them.
No be today we begin hear about discovery..
Lol! Clowns!

Extraction should serve as an advantage for growth of related industry but Africans have been busy exporting raw materials at cheap prices and importing finished products at exorbitant prices.

Lol this thread is misleading. Nobody will forget crude oil. Why should the government abandon it's biggest money spinner ?? Because another mineral was discovered.
Nickel sells for about 6 to 10 thousand (depending on economic climate,quality) per metric ton. And global production is little more than 2 million metric tons with the average participating country making about 20 to 200 thousand tons depending on reserves and duration of operations. Thats a 20 billion dollar a year trade. The entire industry. Nigeria makes about 20 to 60 billion (and even up to 80 plus during GEJ era ) from oil. The oil trade is a killer we are not gonna let it go. The one thing we need is accountability and honest governance.
NNPC oil sales system needs to be overhauled and baptized in the waters of reform.
We can't keep throwing away posterity's destiny for immediate gains. OiL trade is about 2billion tons a year. About seven barrels make a ton. And even if one uses the 40 per barrel tag on it that leaves u with a 600 billion dollar industry folks !!! Forget the different ethnic insecurities at play in the polity. For once try and think logically. Oil wealth used well will be the Savior of this our dear country. Whatever region you're from.

flokii:
Maybe "our oyel" pipu go allow us hear word... They can now reflect on d degradation of their lands by their own youths, shallow minded pipu

Our oyel is still feeding you barren state!

Daniel058:
E get one stone wey we commot for our well, i don dey suspect weda na nickel e b oo



That well must be deepened next year





Nwanne i don harma.. .

Chai......nwanne I digodi wosky.... Let me go and resigned our own well

alolatee:

Lol..You are funny guy..that saying when everybody discovers Nickel.

Lol

rinzylee:



Chai......nwanne I digodi wosky.... Let me go and resigned our own well

Berra oo make


N'Oge_adirozi.lol .

kid7soccer:
i no talk am na my fellow igbo man. Already dreaming about money to make. NWannem i dey hail ooo

#OMELEME a ✌

LoveJesus87:
on a more serious note, tour village? which village is that pls?

I don dey suspect weda you be igbo guy like me

Let it be sold for 2 million dollar per kilo or whatever measurement
our political class we never allow the poor have access to good life

Daniel058:
I don dey suspect weda you be igbo guy like me

lmao. Na only Igb boys like money abi? Abeg yarn me d place for my inbox o jare make I find my way olatejumichael87@gmail.com

bakila:

Smells like you will prefer to hear "Nickel discovered in Nigeria is of insignificant value, feasibility expenses scam to be probed". We want minerals and more of it too as well as better Government too.

Nope that's not what I want to hear, I replied a comment tried to imply that all we need for the"Change" to work is prayers.
If you read my comments well, you would understand my point

Abagworo:


Extraction should serve as an advantage for growth of related industry but Africans have been busy exporting raw materials at cheap prices and importing finished products at exorbitant prices.

MN

You couldn't have said it any better

what is the sharing formula of the income

LoveJesus87:
lmao. Na only Igb boys like money abi? Abeg yarn me d place for my inbox o jare make I find my way olatejumichael87@gmail.com

omo pack well make i komfam first

Daniel058:
omo pack well make i komfam first

Lolz my broda, ah dey here o, no forget me if u don confam d sumtin abeg

[em] like seriously?? [/em]

Dasuks:
Lol this thread is misleading. Nobody will forget crude oil. Why should the government abandon it's biggest money spinner ?? Because another mineral was discovered.
Nickel sells for about 6 to 10 thousand (depending on economic climate,quality) per metric ton. And global production is little more than 2 million metric tons with the average participating country making about 20 to 200 thousand tons depending on reserves and duration of operations. Thats a 20 billion dollar a year trade. The entire industry. Nigeria makes about 20 to 60 billion (and even up to 80 plus during GEJ era ) from oil. The oil trade is a killer we are not gonna let it go. The one thing we need is accountability and honest governance.
NNPC oil sales system needs to be overhauled and baptized in the waters of reform.
We can't keep throwing away posterity's destiny for immediate gains. OiL trade is about 2billion tons a year. About seven barrels make a ton. And even if one uses the 40 per barrel tag on it that leaves u with a 600 billion dollar industry folks !!! Forget the different ethnic insecurities at play in the polity. For once try and think logically. Oil wealth used well will be the Savior of this our dear country. Whatever region you're from.

...I disagree with this opinion because we can't compare the economics important of Nickel to oil they were far apart, when Nickel is begin to produced there will be unaccountable companies that will directly put the money on our pocket beside the income from it's export!
here are some finished products that we be produced, consumed locally and exports to other countries!

Abagworo:


Extraction should serve as an advantage for growth of related industry but Africans have been busy exporting raw materials at cheap prices and importing finished products at exorbitant prices.

...you are right, look:

Free36:
See earlier thread about the discovery of Nickel In Nigeria https://www.nairaland.com/3316997/nickel-discovered-dangoma-kaduna-nigeria

Here is what I came on after my findings on NICKEL. ..

Cautiously optimistic about nickel price

Frik Els | Jun. 29, 2016, 11:33 AM |

____________________________________________
Base metals have enjoyed a solid 2016 so far with only lead (-3%) in negative territory for the year. While the likes of zinc (+28%) and tin (+16%) have rallied and steelmaking raw materials iron ore (+24%) and coking coal (+12%) have come back strongly, nickel remains stuck in the doldrums.

On the LME nickel jumped back above $9,000 on Wednesday, but hasn't been in five-digit territory for nearly a year and is worth half of what it was early in 2014 when Indonesia's ban on ore exports led many to believe the volatile metal is entering a bull market.

The subdued pricing environment has mostly been blamed on elevated inventories and both the LME and particularly in Shanghai although stock levels at the former has recently been falling.

In a new report on the prospects for the steelmaking ingredient BMI Research says "the market will gradually begin to tighten as elevated Chinese imports start to erode global stockpiles" but the firm also warns "investor sentiment towards industrial metals will remain cautious as Chinese economic data will continue to disappoint."

BMI expects strengthening fundamentals in the nickel market and a more general bounce in metal prices for the second half of the year which "will start to push nickel prices towards $10,000 per tonne."

Longer term there is further upside although the frothy days of 2007 when nickel peaked at more than $50,000 look forever gone.

BMI is of the view that Indonesia will relax in part its ore ban but with Indonesian nickel pig iron smelters coming online by 2017 there won't be supply-crunch in the refined market.

That would keep a lid on the price which BMI forecasts to average $9,000 per tonne and $10,500 a tonne in 2016 and 2017, edging up to $11,500 a tonne by 2019. BMI's predictions are also above consensus.

http://www.mining.com/cautiously-optimistic-about-nickel-price/

_____________________________________

Nickel = $9,700 per tonne

Nickel = $657 per 1 KGS

...the import revenue we are to have on Nickel will be minimal to the industrial income we will gain!

@oyinkinola nickel is used to produce products.yes. But talking about importance, what do you think is used to run the factories that produce those products (hydro, oil and gas). The usefulness comes from its use as a power generation and transport fuel.
Not here to advocate for anything. However it is useful to speak on clear numerical terms. Nickel is a good addition but I don't see how it substitutes the billions gotten from oil. The entire exports of oil and gas from Nigeria alone in say 2014 is more than times three rhe entire global nickel production( 74 billion to 20billion ).
The most important dry bulk trades globally are iron ore ,bauxite , phosphates and say coking coal. These average at like 400 to 500 million tons each. Nickel itself is at 20 million tons. And pasting photos of finished goods with nickel doesn't erase these figures. If I were to do same for the uses of ferrous ores, fossil fuels the list would go on endlessly. Their uses are reflected in their demand and this shows in trade volumes and value. Nickel trade isn't as big is my point. Usually big mining nations like Australia SA etc produce a legion of minerals to post the monstrous figures from mining revenue that they achieve. Australia is the biggest nickel producer with 200k tons. And that's like 2billion a year.
All minerals are lazy products cos thwyre not truly earned. Just there in the ground. But the trick is using it properly to develop. Oil is the biggest 'awoof' of these subterranean blessings. The sheer volume and value of the trade makes one earn what a hard-working manufactures export would make. That not withstanding the govt ahould use whatever revenue from nickel wisely. However NNPC sales system needs to be reformed. We are losing killee bucks there. More than even the largest nickel producer makes in a year. Now you geg my point ?

Dasuks:
@oyinkinola nickel is used to produce products.yes. But talking about importance, what do you think is used to run the factories that produce those products (hydro, oil and gas). The usefulness comes from its use as a power generation and transport fuel.
Not here to advocate for anything. However it is useful to speak on clear numerical terms. Nickel is a good addition but I don't see how it substitutes the billions gotten from oil. The entire exports of oil and gas from Nigeria alone in say 2014 is more than times three rhe entire global nickel production( 74 billion to 20billion ).
The most important dry bulk trades globally are iron ore ,bauxite , phosphates and say coking coal. These average at like 400 to 500 million tons each. Nickel itself is at 20 million tons. And pasting photos of finished goods with nickel doesn't erase these figures. If I were to do same for the uses of ferrous ores, fossil fuels the list would go on endlessly. Their uses are reflected in their demand and this shows in trade volumes and value. Nickel trade isn't as big is my point. Usually big mining nations like Australia SA etc produce a legion of minerals to post the monstrous figures from mining revenue that they achieve. Australia is the biggest nickel producer with 200k tons. And that's like 2billion a year.
All minerals are lazy products cos thwyre not truly earned. Just there in the ground. But the trick is using it properly to develop. Oil is the biggest 'awoof' of these subterranean blessings. The sheer volume and value of the trade makes one earn what a hard-working manufactures export would make. That not withstanding the govt ahould use whatever revenue from nickel wisely. However NNPC sales system needs to be reformed. We are losing killee bucks there. More than even the largest nickel producer makes in a year. Now you geg my point ?

I can't buy this Ideas, not because I didn't know the important of oil in economy but look at what can be made of plastics and ion ore today all can be produced from Nickel, also what can't be produced from plastic and ion can still be produced with Nickel it torches everything in our life today, hospital equipment, laboratory equipment agro- industrial equipment, weaponry, hotel and cuisine, home material and let me tell you important things, all our artisan,traders, farmers, animal husbandry, poultry, almost everybody will have his own count in Nickel.
The economics important of Nickel can never be compare with any mineral resources!

Lol @oyinkinola. Ok don't buy them. Thought u were ready to have a meaningful discussion or knew what u were saying.
Nickel is just one mineral and isn't that important. Compared to iron ore or bauxite. The trade volumes and value speak for themselves. That is to say, the more something is needed the more it is traded and along those lines the more money is involved. Get it? And plastics ? Lol petroleum extends there as well. Chiefly from the feedstock from the refining/treatment process. Or what did u think it was ?
Nigeria exports at least a Billion dollars worth of pyrophoric alloys and special purpose ships yearly. Ut u don't hear anyone saying that they'll replace oil. Now that is about the same Australia makes from nickel. LOL. Uniformly bew producers start out at under 15 k tons. That would be around 150 mill a yearat most during high prices. Last time I checked poor oil prices still bring over 30 billion a year(several times larger than the entire nickel trade )
The proper management of oil revenue is key to development. I'm a Nigerian and the money goes into 'federation' account so it's for everybody. Our Commonwealth. It would be silly to suggest that such prodigious revenue be replaced by a much smaller trade and source of forex. Going by your logic the title of this thread might as well be 'pyrophoric alloys replace oil ' or 'special purpose ship building replace oil'. We need I receive capital investment nationwide. The only way that would happen without borrowing out ones future is with this fossil fuel revenue we have now. Literally a case of now or never. Nickel is just like oil. Since it's a mineral in the ground. But the point is that it is too small a source of revenue due to its size. And enough of the anecdotal and pictorial evidence lineup. Use facts.
A component mineral can't be compared to a fuel source. The numbers don't add up. Look up classifications of seaborne trade and check out the shares of energy , minerals , agro , forest products and marine fisheries to get exactly what I'm talking about.

Dasuks:
Lol @oyinkinola. Ok don't buy them. Thought u were ready to have a meaningful discussion or knew what u were saying.
Nickel is just one mineral and isn't that important. Compared to iron ore or bauxite. The trade volumes and value speak for themselves. That is to say, the more something is needed the more it is traded and along those lines the more money is involved. Get it? And plastics ? Lol petroleum extends there as well. Chiefly from the feedstock from the refining/treatment process. Or what did u think it was ?
Nigeria exports at least a Billion dollars worth of pyrophoric alloys and special purpose ships yearly. Ut u don't hear anyone saying that they'll replace oil. Now that is about the same Australia makes from nickel. LOL. Uniformly bew producers start out at under 15 k tons. That would be around 150 mill a yearat most during high prices. Last time I checked poor oil prices still bring over 30 billion a year(several times larger than the entire nickel trade )
The proper management of oil revenue is key to development. I'm a Nigerian and the money goes into 'federation' account so it's for everybody. Our Commonwealth. It would be silly to suggest that such prodigious revenue be replaced by a much smaller trade and source of forex. Going by your logic the title of this thread might as well be 'pyrophoric alloys replace oil ' or 'special purpose ship building replace oil'. We need I receive capital investment nationwide. The only way that would happen without borrowing out ones future is with this fossil fuel revenue we have now. Literally a case of now or never. Nickel is just like oil. Since it's a mineral in the ground. But the point is that it is too small a source of revenue due to its size. And enough of the anecdotal and pictorial evidence lineup. Use facts.
A component mineral can't be compared to a fuel source. The numbers don't add up. Look up classifications of seaborne trade and check out the shares of energy , minerals , agro , forest products and marine fisheries to get exactly what I'm talking about.

I didn't agree, Nearly all the developed nation in the world today have no liter of crude oil but they conquered the world with innovation!
you are looking at Nickel at the angle of exportation revenue, even with that it's largely important! with Nickel at hand and the "savior-fait" of Nigerian, Nigeria will far well than oil!
Nickel will be a stone-mine of our industrious age! Nigeria is market of nearly 500million people, that number of people with our technique of know-how on Nickel No country will be compare to us in africa!

LoveJesus87:
Lolz my broda, ah dey here o, no forget me if u don confam d sumtin abeg

Hahaha.. . OK nah

lol nickel to fuel industrialization ?
Where do u get these ideas from bud ? Industrialization is not a new thing. There's actual industrialized nations on earth. Both established and recent. If nickel was the key to industrial progress it would be indicated in such economies' demand and use of nickel.
Instead the use of iron ore , bauxite ,coal and crude are much higher in such industrial behemoths. Producers of motor cars and other high value goods. Nickel and it's like figure in as components of some of he manufactured materials. Steel for example is arguably a hundred times more useful. Both in value and use.
Nigeria is not going to wake up and start making things overnight. Capital investments needs to be put in place. And that must be don thru any means. With oil being the most viable hitherto. By sheer volume that is.
And the economics of industrialization is entirely separate from just finding minerals whether oil or nickel. There's going to have to be coordination from both private and govt to expand important city region economies (Lagos Ibadan PH Kano Nnewi Onitsha etc) to push inert towns and other isolate economies into action.
Innovation networks and the process of import replacing come into play at this point. The backbone is what I'm emphasizing. Large amounts of cash is needed to lay the foundation.