uuzba:

The companies came to exploit Nigeria when we were still mostly ignorant.
So much oil spillage and pollution has gone on in the past.
Now, Nigerians are woke to all the damages and want more and more compensation. So the companies are running away.

The question you should be asking is what has Nigeria been doing over the 60 years of independence, OBJ opened NNPC in 1977, Buhari was its first GMD/Chairman, 44 years later, Buhari is the Federal Minister of Petroleum resources, yet NNPC can't explore, extract or refine oil and gas and has to depend on IOC's that have been milking the country dry since 1957.

Is the problem with IOC or the incompetence Nigerian ruling class? The Saudi ARAMCO is now valued at $2 trillion, while NNPC has always operated at a loss, Nigeria is in no position to ignore the threat of the IOCs especially if they lack the competence to manage the resources themselves

sulaak:


The question you should be asking is what has Nigeria been doing over the 60 years of independence, OBJ opened NNPC in 1977, Buhari was its first GMD/Chairman, 44 years later, Buhari is the Federal Minister of Petroleum resources, yet NNPC can't explore, extract or refine oil and gas and has to depend on IOC's that have been milking the country dry since 1957.

Is the problem with IOC or the incompetence Nigerian ruling class? The Saudi ARAMCO is now valued at $2 trillion, while NNPC has always operated at a loss, Nigeria is in no position to ignore the threat of the IOCs especially if they lack the competence to manage the resources themselves

Thank u

i was telling some one that NNPC should be like shell or exxon mobil by now

but they rather be lazy and only collect tax . Same Buhari and his ppl. they put rilwan lukman there for years, they allocated oil bloc to themselves and friends and sold this to chinese or some other ppl

even china sinopec is exploring and china dont have onshore oil

helinues:
No, it's because it's no longer business as usual...

No free money like before..

Opportunity for local investors to up their games

Modified: Wailers have seen news to somersault on.. Na this kind of news they massage their ego.

Hiss!!!

What does it profit you to type this rubbish in support of the clueless government when you have not eaten since yesterday because you your pocket is empty?

THATS WHY THEY HAVE ALLOWED US TO BUILD A FUNCTIONAL REFINERY AFTER 60 YEARS OF INDEPENDENCE BECAUSE OIL IS BEING PHASED OUT IN EUROPE AS SUCH THEY CAN NOW ALLOW USE TO USE OUR OIL SINCE THEY NO LONGER HAVE USE FOR IT. THE REAL PROBLEM WE HAVE IS OUR LEADERS THEY SOLD US OUT COMPLETLY AND THIS IS THE END RESULT COLONIALISM NEVER ENDED THATS THE SAD TRUTH WE SEE THIS THOUGH THE DEPENDENCE OF THE WEST FOR GRANTS AND AID, EXPLOITATION OF OUR RESOURSESM AND HIDERING US FROM DEVELOPING THEM, BRAIN DRAIN (IMMIGRATION) WHICH IS A MORE REFINED WAY OF SLAVE TRADE LACK OF ELECTRICITY TO PREVENT US FROM OPENING FACTORIES AND BECOMING SELF INDEPENDENT AND EXPORTERS LOOK AT IT THIS WAY AFRICA HAS A MORE YOUTHFUL POPULATION ALSO COST OF MANUFACTURING WOULD BE WAY CHEAPER HERE THAN EVEN CHINA HENCE MAKING AFRICAN OR NIGERIA THE CHOICE DESTINATION FOR ALOT OF MANUFACTURERS.

I see this development as a good one for the country in the long run. Few Nigerians actually benefit from the activities of the oil majors.
This will probably hasten the move to restructure the country into a normal country or break up the country peacefully.

fc450:
this is just the beginning for him and those that voted the lifeless into power

Some of you dont think critically, before you 'talk'.
Is it only that man that was described, that will be/is affected by Buhari's colossal mal-administration?
Dont you realize that as that man who you said "It is the beginning for him and those that voted Buhari", as his suffering increases, so does the suffering of you and every other Nigerian increases?

Whatever made the Man to lose his wealth under this useless Buhari, is what is making majority of others to also lose their wealth.
Buhari is a disaster of unimaginable proportions, the type that one will pray: NEVER AGAIN!

But getting rid of the Mutherfcker (not even waiting till 2023 because we are not even sure whether the country or anyone will still be around in 2023) should be priority. Even the Sai-Baba people like me is interested in geting rid of the Virus in Aso Rock.

[s]

helinues:


This your argument is non-existent like your moniker.

" Written by "is mostly used for article not comments..

Why did you use pen when the conversation is on social media.

Tell this bunkum to kindergarten

[/s]

Elsueno:


Na Aliens be ur customers abi , who u go do business with again if people no get money to buy ur products. Ur biggest customers are the Nigerians u so detest & look down upon. if the economy crashes everybody go feel am

sure but the food will still be supplied by the igbos.

This is super story. Corruption, local content and security is the sole reason. Local content is the sole reason cus it drives the other two. We are chasing those multinationals away so we can have the freedom to carry out corrupt practices.
I worked for a big Norwegian firm here in Nigeria, and they were chased away cus they don't give nor take bribe. Infact they were asked to partner with a local company that will take care of that aspect but my company refused.

I work for another UK oil company now and we are going through the same issues

On security, nigerians that's are players in oil and gas sector are the brains behind the security crises confronting the sector, reason just to chase the experts away.
Now we have the worst set's of oil workers in Nigeria. No training, poor maintenance, no salaries at the end of the month, poor safety standards. No jobs too. The industry is collapsing

nakaman:
sure but the food will still be supplied by the igbos.

That is not their field of expertise, also u need land to grow food. if u are going to import it, u will need $$$.

What a failed nation with useless leaders practising democrazy.

White people are smart for withdrawing their business from a country that is limiting to zero.

onuman:

Which Nigerian local company has the expertise to pump oil out from the Niger Delta and offshore?

Stop self deceit.

Exactly my point, while these companies are leaving the country for another' one "deluded mind" said it's because of " no more free money" no more business as usual, and I'm wondering the kind of thinking faculty this person has. the country is going down the drain but these EDEOTS are playing politics with the reality. Some people can be very STUPID

MrGoood:
You will never understand how economy should work until you jet out and see how it’s elsewhere, Unfortunately the fans of the people dragging this country back don’t know the gravity of the sin they re committing, As a fan of a failure , You re indirectly killing people with your ignorance, O Ye sorry to you, They will still think they re right , wait for them.

Actually it how you also think you are right for trying to impose Jonathan and Atiku on others.. You are only right in your perspective. Mr man nobody is dragging anybody back rather you will only drag yourself back if u want to..

dam4sam:


Some of you dont think critically, before you 'talk'.
Is it only that man that was described, that will be/is affected by Buhari's colossal mal-administration?
Dont you realize that as that man who you said "It is the beginning for him and those that voted Buhari", as his suffering increases, so does the suffering of you and every other Nigerian increases?

Whatever made the Man to lose his wealth under this useless Buhari, is what is making majority of others to also lose their wealth.
Buhari is a disaster of unimaginable proportions, the type that one will pray: NEVER AGAIN!

But getting rid of the Mutherfcker (not even waiting till 2023 because we are not even sure whether the country or anyone will still be around in 2023) should be priority. Even the Sai-Baba people like me is interested in geting rid of the Virus in Aso Rock.

You should see who young Nigerians are clamouring for as president in 2023. A known drug dealer

blasterman:



Thank u

i was telling some one that NNPC should be like shell or exxon mobil by now

but they rather be lazy and only collect tax . Same Buhari and his ppl. they put rilwan lukman there for years, they allocated oil bloc to themselves and friends and sold this to chinese or some other ppl

even china sinopec is exploring and china dont have onshore oil

Imagine! That's what you get for having incompetent folks running your affairs.

iwaeda:


Bad policies by inept government!

Water has passed garri