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Nigeria Now Earns $2bn Annually From Deep Offshore Production Sharing Contracts - Politics (2) - Nairaland

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Osinbajo: Nigeria Now Earns More Money From Non-Oil Exports / IMF Praises FG Over Adoption Of Finance Act, Deep Offshore Basin Act / President Buhari Assents To The Bill Amending The Deep Offshore Act (2) (3) (4)

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Re: Nigeria Now Earns $2bn Annually From Deep Offshore Production Sharing Contracts by AdolfAboki(m): 11:18am On Jan 13, 2021
Pickieox:
If you know the amount of money these looters are codedly embezzling...I mean money not reported by the yeye media we get for this shithole, you go lynch any of those looters including their family members join...

cry cry cry

Evidence?
Re: Nigeria Now Earns $2bn Annually From Deep Offshore Production Sharing Contracts by ojuu4u(m): 11:18am On Jan 13, 2021
how I wish this man is senate president and Osinbajo is president and for Obi to be vice president.

The pace in which Nigeria will be moving among committee of nation will be exponential.
Re: Nigeria Now Earns $2bn Annually From Deep Offshore Production Sharing Contracts by pickatyouu: 11:22am On Jan 13, 2021
That's cool money.
Re: Nigeria Now Earns $2bn Annually From Deep Offshore Production Sharing Contracts by Smartgeek(m): 11:28am On Jan 13, 2021
One question :

How does this translate to improving the lives of the common man?
Re: Nigeria Now Earns $2bn Annually From Deep Offshore Production Sharing Contracts by OgbuuEgwu(m): 11:28am On Jan 13, 2021
Hmm

Modified:
Hmm again. And after all this hopes of a better Nigeria, another hits again. We hope for improvement, not only financially, but all round.
Re: Nigeria Now Earns $2bn Annually From Deep Offshore Production Sharing Contracts by dollarsplenty(m): 11:29am On Jan 13, 2021
National Assembly will defeat the demon with the current bill before both Chambers.

story story. you're the demons you seek to defeat. So, get courage to defeat your greediness and self centeredness first.
Re: Nigeria Now Earns $2bn Annually From Deep Offshore Production Sharing Contracts by COMPAQ(m): 11:38am On Jan 13, 2021
JosEast:


https://dailytrust.com/nigeria-now-earns-2bn-annually-from-deep-offshore-production-sharing-contracts-lawan

“Where we were supposed to be given $2 billion every year in the last 20 years, they were giving us $260 million. But from last year, after the amendment, it is $2 billion annually,” he said.

This type of statement from Lawan actually emphasizes the issue with the mentality of Nigerian government officials.

There is nothing like Nigeria 'was supposed to be given...'. Companies operate according to the law. If Nigerian government demonstrated gross complicity and incompetence in not reviewing and amending it's laws for decades, that is not the fault of any company. Immediately the law changed, IOC's complied. IOC's like all companies can make presentations to NASS to mitigate unfavorable provisions in amendments to the law. It is also the responsibility of NASS to ensure that amendments are not unduly harsh on companies to the extent that the industry is no longer viable to companies, as this will affect the government in terms of tax receipts and unemployment.
Re: Nigeria Now Earns $2bn Annually From Deep Offshore Production Sharing Contracts by Amorprincesa24: 11:41am On Jan 13, 2021
Where the money dey go? Buhari and his cohorts will still go on borrowing spree.
Re: Nigeria Now Earns $2bn Annually From Deep Offshore Production Sharing Contracts by Focusmind: 11:41am On Jan 13, 2021
Not even up to what a medium sized company in US makes. Anyway, na corruption go still chop the money.
Re: Nigeria Now Earns $2bn Annually From Deep Offshore Production Sharing Contracts by SarutobiEky(m): 11:47am On Jan 13, 2021
post=98011951:
God bless our darling Daddy President Muhammadu Buhari and his amiable Vice president Prof Yemi Osinbajo as they make this once battered , raped and looted nation work again.

Nigeria will be great in our lifetime.

God bless Nigeria.


https://www.youtube.com/watch?v=fxN7G8VtjEQ
who be this one? Is everything okay up there? Is there anything working fine at all in this hell hole? Better check yourself.
Re: Nigeria Now Earns $2bn Annually From Deep Offshore Production Sharing Contracts by Nobody: 11:56am On Jan 13, 2021
More wives Loading.
Thats the only thing these Northern people know how to Do best. embezzle to amass more women
Re: Nigeria Now Earns $2bn Annually From Deep Offshore Production Sharing Contracts by ProfAmaben(m): 12:51pm On Jan 13, 2021
Money meant for stealing.
Re: Nigeria Now Earns $2bn Annually From Deep Offshore Production Sharing Contracts by udemzyudex(m): 1:26pm On Jan 13, 2021
and we still dey borrow, rubbish talk.
Re: Nigeria Now Earns $2bn Annually From Deep Offshore Production Sharing Contracts by Pickieox(m): 1:40pm On Jan 13, 2021
AdolfAboki:


Evidence?

Remain there and be seeking evidence...
Re: Nigeria Now Earns $2bn Annually From Deep Offshore Production Sharing Contracts by sonsomegrigbo: 1:57pm On Jan 13, 2021
Pickieox:
If you know the amount of money these looters are codedly embezzling...I mean money not reported by the yeye media we get for this shithole, you go lynch any of those looters including their family members join...

cry cry cry


Join us at Christ Love International Theatre aka CLIT EMPIRE

Follow us on Twitter: houseofclit
Like our Facebook Page: CLIT EMPIRE

God bless you as you do so...



Clit centre?



Maybe na French I just read
Re: Nigeria Now Earns $2bn Annually From Deep Offshore Production Sharing Contracts by SirNonni: 2:32pm On Jan 13, 2021
Great news for those that are involved..
Those not within the system; opportunity abound for us to make wealth effortlessly. DM me on WhatsApp with this number and let's grow... (08038151557)
Re: Nigeria Now Earns $2bn Annually From Deep Offshore Production Sharing Contracts by laiperi: 2:38pm On Jan 13, 2021
Like everything; a family, a house, a community, a state or country. It is not how much you make but how much you wisely spend.

Nigerians will boldly declare how much they spend per kilometer of road, rail, bridge or project greater than anywhere in the world.

They will easily explain it with imports of everything including pencils and tooth picks.

Nigerians Amaka.
Re: Nigeria Now Earns $2bn Annually From Deep Offshore Production Sharing Contracts by Pickieox(m): 3:50pm On Jan 13, 2021
sonsomegrigbo:




Clit centre?



Maybe na French I just read

It's not French, it's pure English...
Re: Nigeria Now Earns $2bn Annually From Deep Offshore Production Sharing Contracts by banio: 5:23pm On Jan 13, 2021
Let oil companies staff all her casuals. Hope Petroleum Industry Bill is not to casual the few oil company staff, because Shell, Agip and CO are all planning to casualize all her staff except the directors.
Re: Nigeria Now Earns $2bn Annually From Deep Offshore Production Sharing Contracts by Druss(m): 5:52pm On Jan 13, 2021
I don't believe him. We had issues with access to onshore fields yet we were racking in billions for federal sharing. Where were the billions coming from? That 260million per year can't be correct.

I just searched on Google for further info. One particular facility is sized for 220kbopd. Let's say it does 150kbopd. That is 55m barrels in a year - one field. We have over 5 deepwater facilities in offshore Nigeria. Cost of oil has been on average above 40 dollars per barrel (not bothered to fully calculate). The mathematics and economics don't add up. Royalty are often above 50%.

I call this Bullshit!!
Re: Nigeria Now Earns $2bn Annually From Deep Offshore Production Sharing Contracts by Dollanaira: 11:43pm On Jan 13, 2021
Nigeria earns but masses doesn’t feel
Re: Nigeria Now Earns $2bn Annually From Deep Offshore Production Sharing Contracts by nastynic(m): 3:35am On Jan 14, 2021
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