This is a very good news for positive minded Nigerians like all of us @[/b].

A better and more better Nigeria is all we want.

The petroleum industry has led to a significant economic growth in Nigeria. It created thousands of new jobs and income sources for the country. Still, nothing comes without a price!

It has been more than forty years since Nigeria found oil on its lands.
Since then, the petroleum sector has become one of the primary sources of the country`s economy.
Nigeria gets about 90% of its foreign exchange earnings thanks to oil and gas.
According to the current estimates, at least 20% of GDP comes from petroleum.
Therefore, it`s no wonder that petroleum industry is one of the most crucial in Nigeria.
[b]Oil in Nigeria was discovered in 1956.
The first oil state was in Niger Delta.
Even today it`s one of the largest oil-producing states in Nigeria.
The discovery of oil products in Nigeria was done by Shell-BP.
Thanks to this company, Nigeria joined the ranks of oil countries in 1958.
Still, this luxury does not come without a price! Do not forget about pollution!
One of the significant disadvantages for Nigerian Economy is the situation with Ogoni people.
They have suffered from the oil industry impact the most. Positive Contribution of Petroleum to Nigerian Economy The rise of Nigeria in the world arena happened largely because of petroleum.
This income source helped to build the country after the devastating civil war.
At the beginning of the 1950s, petroleum had an insignificant amount in the total export.
According to the statistics, it covered about 2% of export products.
The real rise of petroleum started between 1960 and 1970.
Nigeria could provide only about 5 million barrels per year in the 1960s.
However, at the beginning of the 1970s, this number rose to a fantastic 600 million barrels.
Therefore, governmental revenues from the petroleum industry increased from 66 million Naira in the 1970s to 10 billion in the 1980s.
The energy reserves of Nigeria increased to up to 34 billion barrels.
This number only keeps growing!
At the beginning of the 2000s, petroleum covered about 80% of total export.
Today, it`s about 90%.
Still, due to the recent problems in the petroleum industry, the federal government tries to find new ways of export revenues.
Things can only get better from here forward.
God bless Nigeria.

All I know is that Tinubu should remember Nigerians have not forgotten his Bullion Van matter.

Meanwhile the southwest should forget about Presidency in 2023

Tinubu or Osinbajo is no no no for me

One of the most useless ministers Nigeria ever had,,,,,I wish Mr President can just change some of these ministers ministry and out this one to ministry of small pikin,that is if there is a ministry loo Ike that sha

dahmie2013:

That is all we pray for. Amen!

AMEN AMEN AMEN.

Chief Dammy,
God bless you real good.
You are a good and positive minded youth.

We are listening to this beautiful song early this morning ,
Let us personalize it for you abeg.
Na correct song.

*singing*

Your blessings come now
Favour fall down on you
Goodness and mercy follow you, everyday
Everything wey you touch
For this life, anything wey you want
Shey na mansion o, shey na porche o
Na you get am o
If dem dey doubt you, no mind dem
If bad belle come, make you bind (blind) dem
Your time don come oo
Ayo wa ba le e o

Ire ooo – ire
Ayomide o – Ayomide
Everyday ooo showers of blessings rain on you

Shey na money wey u want - Oya o
Abi o fe ra moto o
Time don come o
Oh Ayo wa ba le mi o
Happiness knocking – wole wa
Prosperity something – l'on gbe wa
And blessing calling
Oh Ayo wa ba Lemi o

Sing till fade.......

contigiency:
President buhari and his men are simply out to reposition this country with wonderful policies and building of infrastructure.

You've said it all Sir.
Nothing to be added again.
We will get to the Nigeria of our dream,
A land flowing with milk and honey.
We are on the right track.
God bless you real good.
God bless our darling Daddy.
God bless Nigeria.

Whenever i see oyel matter, i see money laundering avenue.

I wish our military can go the way of the Malian military. Someone has to do something.

post=93050494:
A better and more better Nigeria is all we want.

That is all we pray for. Amen!

We don’t want repositioning what we want is RESTRUCTURING of this country


Anyways GOOD MORNING MY FELLOW NAIRALANDERS and do have a great day!

President buhari and his men are simply out to reposition this country with wonderful policies and building of infrastructure.

I m just so sure there is something "so funny" added or removed from the initial bill all in the name of.fine tuning/ wider consultation. I really dont trust this people again.

Nice one...

The bill shud remove buhari as minister


Appoint another person...

I pray it progresses

Install a car tracking device today and let your car feel safe.

We now offer our full service at a discounted price.

Can that change the immense corruption that. is going on in the sector, Edwin Clark was fighting for relevance not long ago

Pimpmaride:
Nice one...
The bill shud remove buhari as minister
Appoint another person...

Kiddo,
Send the name of your village head to Aso Rock for consideration ASAP.

What do kids know?

God bless Nigeria jare!

post=93050682:
Kiddo, Send the name of your village head to Aso Rock for consideration ASAP.
What do kids know?
Oshisko!
God bless Nigeria jare!

Manna na me ooo, I be ur elder from village ooo

Pimpmaride:

Manna na me ooo, I be ur elder from village ooo

Elder pimpride....

Ehn ehn.......

Okay

And we still dey buy petrol for N148 Naira.....

Naija is tragedy.....

Association of looters, they keep enriching themselves

The First refinery (Port Harcourt.)
It was launched in 1965.
The initial capacity rate is 35,000, while it was developed to up to 60, 000 at the beginning of the 2000s;

The Second (Port Harcourt.) It was established in 1989. The current refining capacity rate is 150,000.

The Kaduna Refinery. It was created in 1980. The current refining capacity rate is 110,000.

The Warri Refinery. It was installed in 1978. The current rate of refining is 125,000.
The combined domestic refinery systems exceeds the domestic consumption. Therefore, it can be sold to other countries.

Federal government has long pledged its intent to overhaul the petroleum industry,
entrenching efficiency and transparency in both upstream and downstream sectors, bringing operations in line with international standards.
Yet the Petroleum Industry Bill (PIB), which seeks to increase government revenue from oil and lay down a strengthened legal and regulatory framework for the Nigerian oil industry, has suffered legislative delays and limited consideration from the executive, precluding its passage.

The non-passage of the bill has been a challenge as it has hampered and delayed investments coming into the oil sector.
[b]The lack of a bill brings a lot of uncertainty to the investment climate, therefore, its passing is essential to attract the much-needed funding to Nigeria’s oil sector.

This is a very good news for positive minded Nigerians.

Once again,
God bless Nigeria.

At the end,selfish interests within and outside the govt will still kill the bill as always


Your home is incomplete without good quality furniture thats why we are here for you