According to Prof. Osinbajo “we need to agree on terms that will give us a more competitive environment. We should find a way of producing oil cheaper at the largest volume possible given the circumstances and future of oil itself, and of course, given our requirements and needs."

Nah eh! No qualms

Everytime "we need to" till when?

Anyways check my signature, I sell data

Lawship:
Oil that will soon phase out

Even when it does phase out, how many Africans can afford alternative and/or renewable source of energy? We like to follow trends but without thinking critically if those trends align with our realities here. Salam!

MelesZenawi:
Short ballistic thief.

Senseless tall thief

This is the only man that understands how our economy should work in the Presidency.
The rest around the daura man are cows

dyera:
Producing oil, something that doesn't require brain input from you guys, is all you guys know how to do. Bunch of lazy ass leaders that cannot spearhead industrialization.

Do you even understand the thread at all? SMH for this one

MelesZenawi:
Short ballistic thief.

we need to agree on terms that will give us a more competitive environment. We should find a way of producing oil cheaper at the largest volume possible given the circumstances and future of oil itself, and of course, given our requirements and needs.

4everisaac:
I trust the VP to drive Nigeria economy to an enviable height if given the full opportunity, judging by his performance in his short time as acting president during his boss' absence. He can deliver greatly but like I earlier stated if given the full opportunity

From where? From the refineries in Niger republic?

gurunlocker:
Almost 6 years....


'We need to'

Under PDP Jonathan's watch, in crude oil alone, Nigeria earned N51trillion in 5 years, with nothing to show for the revenue except monumental stealing, impunity and no serious project except giving us 3D drawing. What are you even saying, almost 6 years and we have had improved infrastructural development to start with

farem:
This is the only man that understands how our economy should work in the Presidency.
The rest around the daura man are cows

Abi

TheRareGem1:


Do you even understand the thread at all? SMH for this one

Keep thinking of yourself as smart while you continue to support mediocrity.

All our leaders talk about is production of oil, something we've been doing since 1967 that has not taken us anywhere.

4everisaac:
I trust the VP to drive Nigeria economy to an enviable height if given the full opportunity, judging by his performance in his short time as acting president during his boss' absence. He can deliver greatly but like I earlier stated if given the full opportunity

Don't be hypocritical. He has all the opportunities, nobody is hindering him. The economy is constitutionally under him as the VP...and he is not complaining

TheRareGem1:
STATE HOUSE PRESS RELEASE
OFFICE OF THE VICE PRESIDENT


PETROLEUM INDUSTRY BILL (PIB):

WE NEED TO PRODUCE LARGEST OIL VOLUMES POSSIBLE AT CHEAPER COSTS, OSINBAJO TELLS OIL & GAS STAKEHOLDERS

*VP adds: “Gas should be an enabler for quick development”

Stakeholders in the oil industry need to find and agree on cheaper means of producing oil while also ensuring a more competitive environment that meets the needs and purposes of the Nigerian nation including the largest production volumes possible.
13th January 2021

Years ago, Some IOC were producing at $18-$20 per barrel to the detriment of their Staff well being. Now that the VP is talking about lowering the cost of production further, without any mention of the workforce that will deliver on this new drive. Pure evil.

OpinionCounts:
Clowns...

If ability to talk was available only to sensible people, a lot of Nigerian rulers will be dumb...

You that your dumbness is legendary... And the grandmaster of dumb is GEJ who had the opportunity to transform this nation during the oil boom...imagine have got to realised about N51 trillion in 5 years with nothing to show for it. This present administration is doing more with less and you are here spewing trash

Chinese model which is not achievable in Nigeria because of corruption. Osibanjo's cousin will supply machines at X 500 the actually price. His sister will approve and get 40% commision. The personnel to do the work will come from Katsina meanwhile the professionals that will deliver will be Chinese prisoners or Lebanese runaway street guys who know nothing about anything.
Baba, stop this rhetorics, PDP & APC are one and the same.....bunch of mean incompetent lots.

ehen in other words you want to finish your finite resources as soon as possible at the barest minimum cost...i guess you guys have realised the value of oil is on the decline and are thinking lets just increase the volume from 2m barrels a day to 10 million barrels so we can sort out our present needs but the morons wold never think of the future thats why Nigeria is were it is during the oil boom we wasted all our wealth and whatever you thought you have is now worthless. Nigeria is doomed. JAPA WHILE YOU CAN ITS A SINKING SHIP

Omezif:
This apc is quite incompetence to rule nigeria, We are yet to have better government.

Ok which state chapter of the Almijiri Association Of Nigeria do you represent?

4everisaac:
I trust the VP to drive Nigeria economy to an enviable height if given the full opportunity, judging by his performance in his short time as acting president during his boss' absence. He can deliver greatly but like I earlier stated if given the full opportunity

May prophesy fulfill over his head this year.

sapele914:
Ok which state chapter of the Almijiri Association Of Nigeria do you represent?

get out there! if you don't know what to say or type better keep your mouth shut.

WIth all due respect sir,

The world is moving on and away from oil. The future of energy consumption is renewables. Our customers have pledged to be at least 50% renewables by 2030. The growth of electric cars in USA and China (largers guzzlers of petrol) will only accelerate in this decade, with an incoming US president who will spur it along.

Our OPEC partners are diversifying. What Nigeria should be doing it ramping up it's renewables sector via solar and hydro, issuing cheap money (incentives, tax breaks, low-interest loans) to spur development in that direction.

When Dangote's plant comes on stream, it will likely be the last large refinery to be built in the world. The last thing Nigeria needs is to spend money on a field that won't see dividends.

TheRareGem1:


Under PDP Jonathan's watch, in crude oil alone, Nigeria earned N51trillion in 5 years, with nothing to show for the revenue except monumental stealing, impunity and no serious project except giving us 3D drawing. What are you even saying, almost 6 years and we have had improved infrastructural development to start with

And all the railroads, train stations, roads, airport rehabilitations, etc, that were started during GEJ's time were paid with what? Play money? The contractors brought out billions of their own money to build Asaba airport, bah? All the concrete being poured for the Abuja rail prior to 2015 were paid for with promises?

The projects Buhari is working on are mostly based on future money (e.g. loans), that have not been earned yet. By the time inflation kicks in when these loans need to be serviced, we'd be in that horrible situation in 90s when we paid more in interest than we could spend on schools. And now, our VP is proposing we spend money on an industry that will have very few customers by the time we're done (the world is moving away from oil)

There was massive stealing during GEJ's time, I don't dispute that. From all indications, I'm not sure the stealing has reduced... I'm not sure...

TheRareGem1:


Under PDP Jonathan's watch, in crude oil alone, Nigeria earned N51trillion in 5 years, with nothing to show for the revenue except monumental stealing, impunity and no serious project except giving us 3D drawing. What are you even saying, almost 6 years and we have had improved infrastructural development to start with

Yes, that's right.....

this short man ehh, tell buhari what to do

4everisaac:
I trust the VP to drive Nigeria economy to an enviable height if given the full opportunity, judging by his performance in his short time as acting president during his boss' absence. He can deliver greatly but like I earlier stated if given the full opportunity

them send you abi?
If given which opportunity?
the one he has is what?
Even a mad man has ideas.
Start acting!
We need results and not uncountable fruitless ideas just for 2023 campaign.

#MakeNigeriaGreatAgain

Nigerians be wise o. Ask God for wisdom

Na Dem! if you know you know.

TheRareGem1:


You that your dumbness is legendary... And the grandmaster of dumb is GEJ who had the opportunity to transform this nation during the oil boom...imagine have got to realised about N51 trillion in 5 years with nothing to show for it. This present administration is doing more with less and you are here spewing trash

I know not all cerebrals evolved completely...so I will spare you your dementia.

Never quote me again until you fix your mental issues.

These Osibanjo's bots and white-washers are at again.
Does it mean Buhari has completely become incapacitated?

OpinionCounts:


I know not all cerebrals evolved completely...so I will spare you your dementia.

Never quote me again until you fix your mental issues.

Why not tackle this and leave that trash you spewed