Nigeria’s petroleum industry is the largest in Africa with proven oil and gas reserves of 37 billion barrels and 192 trillion cubic feet respectively. One would be forgiven for thinking Nigerians swim in petrol but no, that is simply not the case.

According to the Nigerian National Petroleum Corporation (NNPC), Nigeria has a maximum crude oil production capacity of 2.5 million barrels per day and has traditionally ranked as Africa’s largest producer and sixth largest in the world.
(However, in 2017, Angola was largest producer in Afric.) Nigeria’s petroleum industry is the largest in Africa with proven oil and gas reserves of 37 billion barrels and 192 trillion cubic feet respectively. One would be forgiven for thinking Nigerians swim in petrol but no, that is simply not the case.

Dr. Maikanti Baru, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) recently revealed that Nigeria is the only member country in the Organisation of Petroleum Exporting Countries that imports petrol and is currently the largest importer of Premium Motor Spirit. The reason is that refineries are not working to their fullest capacity.

Baru added that, “We actually import one million tonnes of PMS every month into a country that produces oil and gas and has refinery. It is a shameful thing, it doesn’t make sense and that is what we are trying to address.” Indeed it is shameful that a resource rich country like Nigeria would be importing the products of its resources yet that is the truth of most African countries. Countries are (willingly) being reduced to extraction grounds and markets for products they should be selling.

Nigeria says it is engaging investors and other stakeholders to upgrade refineries from the current plate capacity of 445,000 barrels of crude oil per day to at least a million. Why this is being done in 2018 is a wonder but at least they are making a move....

http://listwand.com/2018/03/nigeria-worlds-6th-largest-oil-producer-now-worlds-largest-petrol-importer/

CHANGE BEGINS WITH US

this importation of petrol is a deliberate action by successive nigerian governments,the elites have deals with these international oil companies that ensure,we keep importing fuel.its a betrayal of the nigerian people by the leaders,they have sold nigeria to these foreign businessmen

babasolution:
this importation of petrol is a deliberate action by successive nigerian governments,the elites have deals with these international oil companies that ensure,we keep importing fuel.its a betrayal of the nigerian people by the leaders,they have sold nigeria to these foreign businessmen

Put simply... There's no hope for Nigeria

Cc; lalasticlala

Please who has American citizenship they are not using again

tstx:
Put simply... There's no hope for Nigeria

while do u guys have this pessimistic attitude,young men who should be the agents of change have this defeatist mindset,things have got to change especially when these useless leaders are reduced

babasolution:


while do u guys have this pessimistic attitude,young men who should be the agents of change have this defeatist mindset,things have got to change especially when these useless leaders are reduced

its called bin realistic.... if the head is sick, the body can't work.. There's no hope for Nigeria... and the sad thing is as bad as things are now, it won't be compared to how bad the country will be when my generation takes over leadership.... You only need to sit down and think about everything happening in the country to concur with me

darfay:
Please who has American citizenship they are not using again

lol... I know someone with Ethiopian citizenship tho

tstx:
its called bin realistic.... if the head is sick, the body can't work.. There's no hope for Nigeria... and the sad thing is as bad as things are now, it won't be compared to how bad the country will be when my generation takes over leadership.... You only need to sit down and think about everything happening in the country to concur with me

no wonder young women are taking over,young guys have this defeatist,helpless,redundant attitude,if u make a concious effrort to be a better person,and you work towards being in government you can be the change.Africa or atleast nigeria has to become better,the blackman cannot continue to be the scum of the earth forever,the chinese were in a hopeless situation but they turned it around.buh blackmen are weak and continue to run from challenges while their women rule

It's an irony how this same useless Buhari that once boasted that he will fix refineries has today led Nigeria into being the largest importer of petrol in the world....Please what has Buhari done that some people are even saying he should be re elected ?

I make bold to say that Nigeria is a tragedy of a nation...since i was,and now i am getting old,its been a case of one step forward,six steps backward concerning this nation.

babasolution:



no wonder young women are taking over,young guys have this defeatist,helpless,redundant attitude,if u make a concious effrort to be a better person,and you work towards being in government you can be the change.Africa or atleast nigeria has to become better,the blackman cannot continue to be the scum of the earth forever,the chinese were in a hopeless situation but they turned it around.buh blackmen are weak and continue to run from challenges while their women rule

I used to be like you... Don't worry. with time you will realise what i have realised... I Cant beat them, so I've already made up my mind to run away like my older brothers... This time next year hopefully i will be in Addis Ababa

tstx:
I used to be like you... Don't worry. with time you will realise what i have realised... I Cant beat them, so I've already made up my mind to run away like my older brothers... This time next year hopefully i will be in Addis Ababa

ok cool,i will hustle here and make it,no matter what,if i leave,it would only be if necessary not to run,i 'll come bk as soon as possible,i can never be a slave to anyone

babasolution:



ok cool,i will hustle here and make it,no matter what,if i leave,it would only be if necessary not to run,i 'll come bk as soon as possible,i can never be a slave to anyone

You are already a SLAVE in Nigeria! Take it or leave it.

UncleJudax:

You are already a SLAVE in Nigeria! Take it or leave it.

better am a slave to my own people than a foreigner,nairaland has exposed me to the reason my africa is the way it is.The blackman is weak,he loves to beg n bend his ass to foreigner,most of u guys are so weak.

From all the comments above
I noticed nobody mentioned Buharis name..

The man who promised change
What prevents him from building refineries
Why should we live on a dangote economy
It's quite a dangerous game

It's shows that APC as a party is not different from the PDP and they change they promised is fake

Giant of Africa my left yansh

Who are we to blame this time....

babasolution:


better am a slave to my own people than a foreigner,nairaland has exposed me to the reason my africa is the way it is.The blackman is weak,he loves to beg n bend his ass to foreigner,most of u guys are so weak.

Hahaha. Strong man. You are so Strong, you are a Slave to your own people?


If dem call for Revolution now, you go Go Underground...

Strong man!

[quote author=UncleJudax post=65711967]
Hahaha. Strong man. You are so Strong, you are a Slave to your own people?


If dem call for Revolution now, you go Go Underground...

Strong man![/quote
i dont subsrcibe to war,buh if thats what it will take am willing to fight,am not a slave though,when d time is right i will lead this nation

It is time to build electric cars.

And the Petrol is imported with Nigeria money not Northern people's money.
The South and the Middle Belt should protest through their state assemblies, Governors, Traditional Rulers and NASS members that there will be no 2019 election unless the 36 states are restructured or Gej's national conference report implemented.

orisa37:
And the Petrol is imported with Nigeria money not Northern people's money.
The South and the Middle Belt should protest through their state assemblies, Governors, Traditional Rulers and NASS members that there will be no 2019 election unless the 36 states are restructured or Gej's national conference report implemented.

Word

lalasticlala mynd44

tstx:
Word

lalasticlala mynd44

.

That was with God in the Beginning and is God and The Light of The W O R (L) D !!!