GavelSlam:
So they don't deserve to explore for oil?

Did any region in Nigeria discover oil without federal government support?

FortifiedCity:
My only wish is that they discover that oil very fast. Trust me, they will be the ones clamoring for separation or restructuring.

But I can tell you, a lot of the money made there will be used to procure weapons to fight the south and take over territories.

Believe it if you like

jomonic:
Just to add that the world bank will no longer sponsor projects in the Oil and Gas sector from 2018. This is a recent declaration from the body.

GavelSlam:
So they don't deserve to explore for oil?

Did any region in Nigeria discover oil without federal government support?

profmiganigal:
Deputy Senate President Ike Ekweremadu has said the ‘desperate search’
for oil in the Lake Chad, Sokoto and River Benue basins was prompted by
the fear of restructuring.
Ekweremadu said this while presenting the third edition of the Adada Lecture Series, organised by the Association of Nsukka Professors, at the
University of Nigeria, Nsukka.
His paper was titled
‘Restructuring and the Nigerian
youth.’

According to him, oil revenue
will soon lose its relevance as
electric cars take over from
petrol- and diesel-powered
vehicles.
Ekweremadu said, contrary to
fears held by some sections of the country that they would lose
out if the country was
restructured, the entire nation would benefit from restructuring.

He said, “Some are afraid of survival under fiscal federalism. They feel they are better off with free monies from Abuja, which could actually be a
pittance compared to what they could generate if they begin to access the
bountiful wealth buried in their soils.

“I have also noticed a desperate search for oil in the Lake Chad, Sokoto,
and Benue River basins in recent times, obviously spurred by the campaign for restructuring.
“But it is an unfounded fear. The days of oil are numbered. It is the least
strategic wealth we have now. Many countries have found oil in large
quantities, including those that used to patronise us for oil. Importantly,
many nations are already phasing out petrol and diesel engines.

“In July 2017, the United Kingdom announced plans to stop the production of petrol- and gas-powered cars from 2040. France has also unveiled plans to ban the sale of petrol and diesel cars from 2040.
“Norway has strong policy actions to ensure that zero fossil fuel cars are sold in the country by 2025. With the second highest concentration of
electric cars in Europe, Netherlands is already targeting an emission-free
environment by 2030, which automatically rules out petrol- and diesel-
powered cars.


“In fact, Netherlands wants at least 200,000 electric cars on her roads by
the year 2020, which is only two
years from now.”
Ekweremadu said the North had
more to gain by embracing fiscal
federalism, and relinquishing its
‘supposed advantages’ in the current structure.




punchng.com/desperate-search-for-oil-in-north-due-to-restructuring-fear-ekweremadu/

bedspread:
LET THEM KEEP DIGGING, THEY THINK GOD DIDNT KNOW WHAT HE DID IN NIGERIA?

IF THE NORTH HAD SEEN EVEN A BOTTLE OF OIL IN THEIR GROUND, THEY WOULD HAVE LONG LEFT THIS COUNTRY.....


#GODISNOTAMAN

DerideGull:


Yes, eastern region of Nigeria in 1951, 1953 and 1956. In those days, the exploration was private endeavor. Shell D'Arcy and eastern region spearheaded the discovery of crude oil.

cstr1000:

I know you are Yoruba and you are programmed to reason abnormally, but try to disappoint us na every once in a while.

How much oil have they discovered since expending billions and billions over the years?

Even the 60s where oil detecting machines were not as sophisticated as they are now, the FG did not have to waste billions in fruitless ventures before striking oil.

Btw, the International oil companies were financially responsible for the exploration , and not the FG. And they invested their money because they were certain.

If there was any drop of oil in the north, Chevron, shell and Mobil would be leading the way, not the northern dominated, incompetent, NNPC.

GavelSlam:


All the oil majors in the course of exploration hit dry wells so there is nothing to it.

By the way I am itsekiri.

GavelSlam:


Did they just jump into the country without government support?

cstr1000:

Dry wells for how many years and how many billions wasted.?
Which Oil major would waste as much funds as the FG have wasted in the north? You think the oil majors are stupid?

You are itshekiri? lol.

DerideGull:


Do you know your history at all? Which country are you on about in 1956?

shervydman:

The bolded align with my thoughts too. It's better we restructure than separate cos if we separate, the bolded is bound to happen.

The north is actually richer than the south in mineral resources, they don't just know it, they're fixated on oyel.
If they can invest in human development, they'll fare better than expected but...

GavelSlam:
So they don't deserve to explore for oil?

Did any region in Nigeria discover oil without federal government support?

mrvitalis:

How many years did it take Ghana and Kenya to find oil ?

GavelSlam:


No oil company goes into any territory without government approval and that is the support. Hence the sharing of proceeds.

Presently we have the NPDC which considers the sedimentary basins of Nigeria as potential hydrocarbon yielding basins. The proof is in the cuttings as is said in exploration.

Stop being bitter. Had you been from Bornu you would have loved for the matter to be settled.

BabaRamota1980:


Which region has Federal Government funded for oil discovery? Please educate us

cstr1000:

So granting approval to explore is the same as wasting billions and billions without result by this current FG?
You are high.

Which country in the world will not grant shell approval to explore for oil forever if the cost of the exploration is free?

You dumbness is inborn.