majekdom2:
oil is gone and gone. We should move faster. There is nothing like shortterm. Technology is changing in a twinkle of an eye. It took more than 50 years for fossil cars to evolve. It has taken electric cars less than a decade to evolve. We still talk oil everyday, other nations are talking AI and biotechnology. Thats the point he is trying to make.

Now, good point you've made
But let's not delusional and sweep our undoings under the carpet, these other guys didn't just attain their status in a few years, they went through phases, tho we necessarily don't have to take as long as it took em
But will the integration of all these tech and advancements take us time? Bitter truth is YES!
Real time oo, proper implementation, not some wild dreams o
200mil people?
What is our literacy rate?
Even the so called literate, 80% re stuck in the '80s

Furthermore, do you know the number of engines that uses fossil fuels in the world today?
Those that are still being manufactured?
Even if they'll want to start swapping combustion engines for electric motors, only vehicles that was produced in recent times would easily be converted
A lot of countries would still run on fuel for the next 30yrs
I say we take 15yrs to dominate and exploit the oil market since the major players would have already moved to electric and renewable energy, these doesn't stop us from using proceeds to fund the integration of Electric and renewable energy

Verily, I tell you fellow country man, if we leap to start moving at their pace without first setting a strong foundation, we'll crash

This is Hypocrisy of the highest order.

MyNewJackeT:
Of course oil can't save Venezuela because of their socialist policies, they were giving out free stuff thereby making their citizens Lazy.

bros pls letz leave critics aside, wat can this man do alone, wat if he propose a bill and no one is there to support him, can he move and pass the bill on his own? All this man is saying real make sense to me, w can't remain like this!

natznext:


Now, good point you've made
But let's not delusional and sweep our undoings under the carpet, these other guys didn't just attain their status in a few years, they went through phases, tho we necessarily don't have to take as long as it took em
But will the integration of all these tech and advancements take us time? Bitter truth is YES!
Real time oo, proper implementation, not some wild dreams o
200mil people?
What is our literacy rate?
Even the so called literate, 80% re stuck in the '80s

Furthermore, do you know the number of engines that uses fossil fuels in the world today?
Those that are still being manufactured?
Even if they'll want to start swapping combustion engines for electric motors, only vehicles that was produced in recent times would easily be converted
A lot of countries would still run on fuel for the next 30yrs
I say we take 15yrs to dominate and exploit the oil market since the major players would have already moved to electric and renewable energy, these doesn't stop us from using proceeds to fund the integration of Electric and renewable energy

Verily, I tell you fellow country man, if we leap to start moving at their pace without first setting a strong foundation, we'll crash

see my point is not we should compete with technology. Point is we lost I and we lost it to a point of perhaps no replacement. We had over 50 years of oil activities with nothing to show for it. Other nations have evolved into Giants through oil. It's not about other countries and machines running on Oil. It's about who will buy or use our oil. Oil will become cheaper than its means of production thus not sustainable for countries like Nigeria. UK, US, Norway and many of these countries are major producers of crude themselves. So what happens when they switch to electric cars, they have less crude to use and have more to export. When supply is more than demand the price crashes like it's happening now. It means country like Nigeria will have little or no revenue from oil. Thats ben's point and not Nigeria using electric car.
For the machines AI is evolving. Artificial intelligence is changing it. Just like electric cars, AI will change so many things in the industrial world. We don't need tens of thousand of years. All we need to do is start now... assumption always lead to frustration.

louqas:
Yet NASS just ordered for petrol cars for all members


Where were you when they were placing the order ?

Why didn't you write this epistle then to make NASS buy electric cars instead of petrol cars

#youarenotmakinganycommonsensewiththiswriteup

You guys fail to understand how this so Nass work.
Ben bruse and the whole of SS n SE cannot stop whatever this northern guys gave decided. This game is a game of numbers and game of thrones

MyNewJackeT:
Of course oil can't save Venezuela because of their socialist policies, they were giving out free stuff thereby making their citizens Lazy.

my brother, may God bless you for this input

vanunu:


What he said is the truth, there will be economic anarchy in Nigeria in ten years time. The rate at which people are switching to electric cars in United States is alarming. Electric cars are far cheaper than gasoline cars.
One Nigeria is in big trouble.

And where will all the power to charge the cars come from?

OMG!!! You guys don't get it. Oil is here to stay. Stop swallowing propaganda like vitamin C.

ULSHERLAN:


Have you forgotten that the United States has steady electricity to power these cars.


Ben murray bruce also has the capacity to power such vehicles as a rich Nigerian law maker.

It's time we start telling Ben Bruce to write all these open letters to his colleagues and not us cos him and his colleagues can atleast do something to change the situation by sponsoring some bills needed

Didn't you read the post? He said this on the floor of the House. He was addressing the Senate President. Why are you programmed to attack anything that comes from a non-APC person? Why should he write them an open letter when he has already said it to them in person? A day will come when APC, PDP, even Nigeria will be history. What will you tell your children then? That you spent your youth supporting a president who set his house on fire in order to kill a few rats?

hardywaltz:
Talkative noise maker
Why didn't you apply all this ur common sense in running ur business.
Venezuela and Nigeria are not the same
As at June 2017 oil revenues accounts for only 48% (Thou Ministry of finance put it at 40%) of our revenue unlike Venezuela were oil accounts for 99% of revenue.

By 2019 oil revenue may account for less than 30% of our revenue

Can you post a link to your source?

akelicious:



• Murray-Bruce is the founder of the Silverbird Entertainment Group and the Senator representing Bayelsa East in the National Assembly

https://www.thisdaylive.com/index.php/2017/08/14/if-oil-cant-save-venezuela-it-sure-cant-save-nigeria/

Senator Bruce, go tell Hausa/Fulani and some of their diffident Yoruba backers that oil shall soon lose its value. They shall ask you: you de craze?

All the adoption of sharia criminal codes in northern Nigeria and subsequent unleash of violence by Boko Haram fighting for Nigeria to be governed by sharia criminal codes -- all these are rooted in Hausa/Fulani strategy to control all of Nigeria with its crude oil in the Nigerdelta.

Dear Mr Ben Murray Bruce

You are a bit of an enigma.
You do seem to make a lot of sense with some of your messages. The difficulty I have is how to reconcile that with the fact that you are essentially a thief. All the federal legislators in Nigeria are thieves. That is the only way to describe how much they pay themselves while their people suffer so much misery, crime, disease and disaster.

You are absolutely right that we should invest AWAY from oil. However, electric vehicles are the least of our worries at this time.
The wealth of every successful country has been determined by the education and health of it's citizenry. When these two are made right, everything else slowly falls into place.

Unfortunately, health and education are the two things that you politicians have sworn to destroy at all costs. You have learned that it is always easier to buy the votes of an illiterate man. Further, you steal the money meant for education and health and with it you afford yourselves and your families the best Western education and medicine available.

I admire you in some ways because at least you are trying to make a difference in your own small way. I will never RESPECT you, though.
Not until you REALLY start fighting corruption from within the stinking corridors of the Senate and House of Reps and start shouting with your loudest voice on the need to correct our educational and health sectors.

ASUU have just started another strike. How many of you Senators' children will be affected by this? You can take this as impetus to really start going.

Really sad that while the world is moving ever forward, all the typical Black man is concerned about is the accumulation of wealth they will never need.

hardywaltz:
Talkative noise maker
Why didn't you apply all this ur common sense in running ur business.
Venezuela and Nigeria are not the same
As at June 2017 oil revenues accounts for only 48% (Thou Ministry of finance put it at 40%) of our revenue unlike Venezuela were oil accounts for 99% of revenue.

By 2019 oil revenue may account for less than 30% of our revenue

Are you from the north?.

Please Shout it if you have to.
HISTORY HAS SO MANY LESSONS TO LEARN FROM . THE OIL BOOM IS ALMOST OVER!
just like the Gold Rush,

just like The Rubber Boom.
I can go on and on...
He who has ears in government should hear now!!!!

almost everything he said here is a fact

majekdom2:
see my point is not we should compete with technology. Point is we lost I and we lost it to a point of perhaps no replacement. We had over 50 years of oil activities with nothing to show for it. Other nations have evolved into Giants through oil. It's not about other countries and machines running on Oil. It's about who will buy or use our oil. Oil will become cheaper than its means of production thus not sustainable for countries like Nigeria. UK, US, Norway and many of these countries are major producers of crude themselves. So what happens when they switch to electric cars, they have less crude to use and have more to export. When supply is more than demand the price crashes like it's happening now. It means country like Nigeria will have little or no revenue from oil. Thats ben's point and not Nigeria using electric car.
For the machines AI is evolving. Artificial intelligence is changing it. Just like electric cars, AI will change so many things in the industrial world. We don't need tens of thousand of years. All we need to do is start now... assumption always lead to frustration.

Yes! Thank you, start now.
Agreed too, price of oil will drop definitely, but verily I tells you, we'll still make revenue from oil.

Check the numbers, world population is about 8b now, spread across over a hundred countries. In different continents.
We can take our own chunk of this world if we start now!
Oil will still thrive in one or two more decades
We just have to work with the notion of its days are numbered.
We've failed in the past, right, but starting from now, where o we go from here, practically

I like the fact that you also pointed out some countries were made with oil money, like the UAE
Say Dubai, How long after they started selling oil did they become the Eldorado they are today?
Now, their major revenue source apart from oil is aviation and tourism, of which some of the Hotspots are the Dubai International Airport, The Atlantis, The Dubai mall, Burj al Arab, Burj Khalifa, Palm island and the likes, very few of these projects cost $1b and above
Some of them cost the same amount of money that was found around locked away in grave yards and empty buildings here.

Right now, Oil amounts to about 50% of our revenue, we could still diversify more and push it down to 15-20% and still make good money from it, it just means other sectors too would be booming and we'll inturn farewell with a stronger Naira.

hardywaltz:
Talkative noise maker
Why didn't you apply all this ur common sense in running ur business.
Venezuela and Nigeria are not the same
As at June 2017 oil revenues accounts for only 48% (Thou Ministry of finance put it at 40%) of our revenue unlike Venezuela were oil accounts for 99% of revenue.

By 2019 oil revenue may account for less than 30% of our revenue

And where are you getting this bleeped statistics from

lonelydora:
Senator Ben Bruce, you need to be telling your fellow senators and not Nigerians. How many bills have you proposed in the Red Chambers?

He was addressing both the president of the senate and other members. Are you a senator or you lack understanding?.

The VIP fools of Nigeria will kick you Sir for say the common truth. For now Nigeria remain a useless place until some part of Nigeria get sense.

omowolewa:
Yes o!

But we can still make hay while the sun is still shinning. Factories and heating systems all over the world would still rely on fossil fuel, 'AfroAsian' Countries with poor electric generation would still rely on fuel for over 50 years. With influx of cheap vehicles moving into the continent very soon due to the policy.

Good news, Nigeria can start the first African production plant for electric cars through foreign investments, the market is there in Africa.

All we need now is good planning, restructuring and Investments in Industrial sector. We need leaders who can see Nigeria as one irrespective of their believe and 'accident of birth' called tribe. To periscope Nigeria's Future and not the next election like APC & PDP is doing now.

Restructuring is the key!
It answers our problems. North should see restructuring as a cost to the opportunities embedded in restructuring.


Restructure!!!!

(But Ben Bruce like talk than actions sha)

What Ben has done is enlightenment to the house (senate)you don't expect him to act alone. If 55-60% of the house would reason on the same line with him,there will be a new policy to that effect.

Bruce should be informed that America just threatened to invade Venezuela on 'humanitarian' grounds as usual because of their oil like they did in Iraq, Libya, Syria etc.
The economic sanctions by US in connivance with white oligarchs who control import and export in that country to achieve regime change in Venezuela has taken its toll on the economy of that country
Oil is still very important in global politics, forget about the western media rhetoric of going green, even America has pulled out from the climate change agreement so as to explore more oil in America.
America is still going ahead with new pipelines despite protests by native Indians that it threatens their reservations.

Ben Murray Bruce has not made much common sense on this sense, he is being hoodwinked by his western friends and thats the problem with African leaders.
Remove American interference in their internal affairs and Venezuela will sort itself out.
Can you imagine that America has thousands of personnel in their Russian embassy most of them CIA agents that Putin just expelled 755, same way they are all over Venezuela fueling unrest and not criticizing violent streets protests by the opposition.

hardywaltz:
Talkative noise maker
Why didn't you apply all this ur common sense in running ur business.
Venezuela and Nigeria are not the same
As at June 2017 oil revenues accounts for only 48% (Thou Ministry of finance put it at 40%) of our revenue unlike Venezuela were oil accounts for 99% of revenue.

By 2019 oil revenue may account for less than 30% of our revenue

continue to decieve yourself, when they told us that in the future America will stop buying oil from us, we all said it's a lie America like oil they will continue to buy. But today wetin happen. It's only in Nigeria people will see that there's danger ahead, they will wait till it hits them so hard.

richeeyo:


And where are you getting this bleeped statistics from

U can use ur google and internet wisely rather trolling Nairaland

https://economicconfidential.com/business/70-june-faac-allocation-non-oil-sector-fowler/

vanunu:


What he said is the truth, there will be economic anarchy in Nigeria in ten years time. The rate at which people are switching to electric cars in United States is alarming. Electric cars are far cheaper than gasoline cars.
One Nigeria is in big trouble.

You have time to even reply the mumu never done directly you should have guess na small pikin comment judging from the response entirely.

On that judgement day, I will make sure am raising the Nigeria flag high, so God will know I have been through hell, so no need to go another hell, I also advise arsenal fans to come with their flag on the judgement day

Nigeriadondie:

He was not elected to come and tell us the truth but to make the truth he preaches a reality.

Ben Muuray Bruce is just like all the thieves. If not what memaningful and progressive bills has he moved for motion on d floor of the senate? What has he done with his immediate constituency?

Does he know that the national assembly of which he is a memeber gulps so much resources that leaves very little for capital projects which helps to create jobs?

In addition, those he knows that in all advanced countries members of the legislature dont fund or finance projects as their sole duty is law making and related functions.
Therefore, d constituency allowance is a huge drain on d limited resources of this doomed nation- a means to ensure d national assembly get their own share of d national cake. Financing projects is the duty of d executive. If the legislature gets constituency allowance then the judiciary too should get constituency allowance also so that all the arms of govt has a stake in financing or executing projects.

Also if the national assembly now finances projects then is it not logical not to blame the executive alone for the decay in infrastructure but also the national assembly also as the legislooters are stakeholders?
You hear the useless lawmakers blame Federal Government as if they are part of the FG thereby deflecting blame from themselves.

All the constituency allowances they get can they justify that the value of the projects executed in their constituencies is commensurate with the monies they get? Can we not have a law to be enacted so that lawmakers can ve their projects audited to ensurr transparency.

China has enacted string laws against corruption which is the death penalty. Other western nations which may not be death penalty has stronger laws like very long years in jail, ban from office, confiscation of properties among others while cant senseless Bruce with his empty common sense advocate for such.

The laws in Nigeria for corrupt public office holders is just mere 2 years and d only person I recall that has served that sentence is Bode George after all the billions he stole. Those this useless Ben Bruce not know that the laws we ve pampers corruption cos I can risk the mere 2years if I can get billions afterall if I work legitimately and free I can never earn even half a billion.

Sure, the national assmebly made up of ex governors like armed robber Saraki, theives like TA Orji, BA Ibrahim, D Goje among others that lioted their state treasuries can never attempt to make laws against looting when even some of their colleagues in the national assembly are aspiring to become future governors of their states to continue the looting where they stopped. The looting spree has come to stay as our lawmakers who are theives can never shoot themselves on the feet to make laws against stealing or corruption.
What they wud be so quick to enact laws against is kodnapping, terrorism so as to make the environment not secure for the masses but for them to enjoy their loot.

Ben Bruce is a big disapointment just like that so called human rights activists Shehu Sani who could donate camels and radios as his constituency projects as if there are no roads, schools or other critical infrastructure that requires attention waiting for "federal government". Then who is d federal government?

(#Nigeria has no future and no hope not even an iota. The future of the Devil is far brighter than the future of Nigeria and the greatest enemies of the Nigerian state is the national assembly and the governors. These gang of robbers are worse than Boko Haram#)

i give credit to this, we are al in a mess wit this pepl in our system.

purplekayc:
how do you propose we use electric cars here when electricity is not stable?

The issue is who will buy your oil.

hardywaltz:
Talkative noise maker
Why didn't you apply all this ur common sense in running ur business.
Venezuela and Nigeria are not the same
As at June 2017 oil revenues accounts for only 48% (Thou Ministry of finance put it at 40%) of our revenue unlike Venezuela were oil accounts for 99% of revenue.

By 2019 oil revenue may account for less than 30% of our revenue

Sorry

The Anambra he used as a good example is same Anambra IPOB miscreants feel like destroying with their hate. God pass them

hardywaltz:
Talkative noise maker
Why didn't you apply all this ur common sense in running ur business.
Venezuela and Nigeria are not the same
As at June 2017 oil revenues accounts for only 48% (Thou Ministry of finance put it at 40%) of our revenue unlike Venezuela were oil accounts for 99% of revenue.

By 2019 oil revenue may account for less than 30% of our revenue

bros why u de lie

purplekayc:
how do you propose we use electric cars here when electricity is not stable?

Lol, thats exactly the pathetic state Nigeria now finds itself. We dont even have power to charge phones yet we are talking about electric cars! BTW, Ben Bruce is a smart and intelligent man who is seeing the future. Electric cars are becoming very popular in America & Europe, and very soon oil price will become 20 cents per barrel when only India, parts of S.E Asia & African countries becomes the only ones buying crude! To think that some psychos are wasting millions of dollars desperately seaching for oil in the NE shows that Nigeria is indeed a jungle. I'm afraid but Nigeria totally useless & hopeless. My condolence goes to the Niger Delta. They have been raped, abused & about to be deserted while their place is now one of the worlds most poluted region, what are they going to rely on in the years & decades to come? This will surely end Nigeria because it has always been about oil.

proeast:
Lol, thats exactly the pathetic state Nigeria now finds itself. We dont even have power to charge phones yet we are talking about electric cars! BTW, Ben Bruce is a smart and intelligent man who is seeing the future. Electric cars are becoming very popular in America & Europe, and very soon oil price will become 20 cents per barrel when only India, parts of S.E Asia & African countries becomes the only ones buying crude! To think that some psychos are wasting millions of dollars desperately seaching for oil in the NE shows that Nigeria is indeed a jungle. I'm afraid but Nigeria totally useless & hopeless. My condolence goes to the Niger Delta. They have been raped, abused & about to be deserted while their place is now one of the worlds most poluted region, what are they going to rely on in the years & decades to come? This will surely end Nigeria because it has always been about oil.

Nigeria's income would easily decrease when we have less countries to sell crude to.
With less buyers than sellers maybe the price per barrel would even decrease.

TheLordIsGr8:


And where will all the power to charge the cars come from?

OMG!!! You guys don't get it. Oil is here to stay. Stop swallowing propaganda like vitamin C.

You guys are not getting the whole idea at all. What Ben Bruce (a smart and intelligent man in the midst of criminals who only think of how to milk Nigeria) is saying is that if we fail to find alternative means of generating income now, that we will be totally doomed in the coming years! Of course we will always have abundant crude oil, but it would have become useless as an income source! Oil is cheap today because of saturation, now imagine what will happen when about half of current demand is gone, as is going to happen soon, oil may become one dollar per barrel & cost of producing it would automatically outstrip that which means oil will no longer be profitable!! What will happen to the economy by then?? This country is finally doomed!! How did we get here? Thank God i'm earning dollars myself!!