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Nairaland Forum / Nairaland / General / Politics / Lagos Isn't Producing Oil At The Moment(photos) (2305 Views)
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Lagos Isn't Producing Oil At The Moment(photos) by Anambra1stSon(m): 7:13am On Feb 27, 2022 |
Oil producing states are: Rivers Akwa Ibom Bayelsa Edo Ondo Imo Abia Anambra official joined recently to start receiving 13% revenue from March next month You can check the NBS link below, from the table you can see Lagos state earned zero naira https://nigerianstat.gov.ng/elibrary/read/1241126 2 Likes
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Re: Lagos Isn't Producing Oil At The Moment(photos) by LeoDeKing: 7:15am On Feb 27, 2022 |
So? 3 Likes |
Re: Lagos Isn't Producing Oil At The Moment(photos) by Goldbw122(m): 7:17am On Feb 27, 2022 |
Ok |
Re: Lagos Isn't Producing Oil At The Moment(photos) by Anambra1stSon(m): 7:17am On Feb 27, 2022 |
LeoDeKing:I'm correcting your brothers deceiving themselves on this thread https://www.nairaland.com/7005572/southwest-generates-more-oil-than 14 Likes |
Re: Lagos Isn't Producing Oil At The Moment(photos) by Nvestor02: 7:22am On Feb 27, 2022 |
Abeg Gives us another news jare.... We are hiding our oil for oodua nation... You want us to be vomiting oil for Nigeria for no or little gain abi. 5 Likes 1 Share |
Re: Lagos Isn't Producing Oil At The Moment(photos) by PrinceOfLagos: 7:23am On Feb 27, 2022 |
Nvestor02: So this was the reason you're supporting Tinubu We are taking notes and will never forget 11 Likes |
Re: Lagos Isn't Producing Oil At The Moment(photos) by Nvestor02: 7:28am On Feb 27, 2022 |
PrinceOfLagos: Tinubu is the man... He is only pills that Nigeria need to be OK. Only the enemy of Nigeria say otherwise. 7 Likes 1 Share |
Re: Lagos Isn't Producing Oil At The Moment(photos) by horsepower102: 7:29am On Feb 27, 2022 |
3 out of 5 south east states are oil producing. 12 Likes |
Re: Lagos Isn't Producing Oil At The Moment(photos) by tito44: 7:39am On Feb 27, 2022 |
LeoDeKing: Not for low brains. People that it is meant for understands. 8 Likes |
Re: Lagos Isn't Producing Oil At The Moment(photos) by Truthisunique2: 7:43am On Feb 27, 2022 |
Nvestor02:Yoruba and straw Is it the odua nation igboho is leading were Yoruba said igboho can rot in jail 3 Likes |
Re: Lagos Isn't Producing Oil At The Moment(photos) by LeoDeKing: 7:44am On Feb 27, 2022 |
tito44:Mr high brain, shouldn't you be seen in the mention of your fellow high brains? What exactly are you doing in the mention of low brain? 3 Likes 1 Share |
Re: Lagos Isn't Producing Oil At The Moment(photos) by tito44: 7:45am On Feb 27, 2022 |
LeoDeKing: Came to explain the obvious to you, as it's above your comprehension level 2 Likes |
Re: Lagos Isn't Producing Oil At The Moment(photos) by LeoDeKing: 7:46am On Feb 27, 2022 |
PrinceOfLagos:Tinubu Tinubu Tinubu Tinubu Tinubu Tinubu all the time. Is it that okoros are not contesting or they are simply worthless? 3 Likes 1 Share |
Re: Lagos Isn't Producing Oil At The Moment(photos) by LeoDeKing: 7:47am On Feb 27, 2022 |
tito44:Okay, now that you have explained, can you get the heck outta my mention and join your fellow high brains? 4 Likes 1 Share |
Re: Lagos Isn't Producing Oil At The Moment(photos) by tito44: 7:49am On Feb 27, 2022 |
LeoDeKing: Is that all your brain is allowed to process and say? 2 Likes |
Re: Lagos Isn't Producing Oil At The Moment(photos) by Ibadanpikin: 8:16am On Feb 27, 2022 |
Skull miners and their propaganda 2 Likes |
Re: Lagos Isn't Producing Oil At The Moment(photos) by ViperAda: 8:33am On Feb 27, 2022 |
FEBRUARY 26, 2022 8:04 AM The nine oil-producing states in Nigeria shared N450.60 billion from the federation account through the 13 percent derivation formula in 2021. Data from the National Bureau of Statistics (NBS) showed that Delta, Akwa-Ibom, Bayelsa, Rivers, Edo, Ondo, Imo, Lagos and Abia received the fund. The 13 percent derivation fund comes from the federation revenue to oil-producing communities through the state governments as enshrined in section 162, sub-section 2 of the Nigerian constitution. Analysis of the report by TheCable Index showed that Delta state received the highest with a total of N141.93 billion, representing 31 percent of the total revenue from the derivation account. Delta is followed closely by Akwa Ibom, having received N91.16 billion, representing 20 percent of the total disbursement during the period. Other states include Bayelsa (N87.23 billion), Rivers (N83.12 billion), Edo (N17.12 billion), Ondo (N11.50 billion), Imo (N9.98 billion), Abia (N4.78 billion) and Lagos (N3.78 billion). The 13 percent derivation fund is different from the three percent provided for host communities in the PIA from the oil company’s operating expenses (OPEX). DESPITE DERIVATION FUNDS, LAGOS, RIVERS, AKWA IBOM AMONG MOST INDEBTED STATES Despite 13 percent derivation, oil-producing states are still battling with high domestic debt and suffering from massive infrastructure decay, among many others. Lagos, Rivers and Akwa Ibom are peculiar examples. According to the Debt Management Office (DMO), Lagos leads with a total debt of N532.12b billion, followed by Akwa Ibom and Rivers state with N234.85 billion and 226.35 billion, respectively, at the end of Q3 2021. Delta has a domestic debt of N207.16 billion, followed by Imo, Bayelsa, Abia, Edo and Ondo state with N151.31 billion, N145.80 billion, N89.30 billion, N80.22 billion and N65.42 billion, respectively. Apart from Lagos ($1.41 billion) and Edo ($280.29 million), no other oil-producing states fell into the top ten list of indebted states (external debts). https://www.thecable.ng/13-derivation-nine-oil-producing-states-shared-n450bn-in-2021/amp -Viper 5 Likes 1 Share |
Re: Lagos Isn't Producing Oil At The Moment(photos) by ViperAda: 8:47am On Feb 27, 2022 |
Rugaria:As we speak, Southeast produces zero gas output. The gas project in imo is still work in progress, it's not completed yet. Much of the gas we use in the country & being supplied to West African neighborhood are from Delta & Bayelsa. The combined derivation of Ondo & Lagos is more than that of Imo & Abia, which speaks volumes of the lower oil & gas output in iboland. Little quantity, little output, little derivation. -Viper 5 Likes 2 Shares |
Re: Lagos Isn't Producing Oil At The Moment(photos) by Nobody: 8:49am On Feb 27, 2022 |
What's the essence of the whole news? |
Re: Lagos Isn't Producing Oil At The Moment(photos) by Rugaria: 8:56am On Feb 27, 2022 |
ViperAda:All these based on the data from your Owambe and oluwole press at Lagos- Ibadam expressway.. Do you even know where igboland begins and ends and do you even know the amount of Oil from these places? You guys are desperately trying to clinge on like some desperate parasites but very soon you will be forced to finance these your hedonistic lifestyles from the bountiful receipts from your Cocoa sales and imaginery Kuwait at Ondo.. 10 Likes |
Re: Lagos Isn't Producing Oil At The Moment(photos) by ViperAda: 9:04am On Feb 27, 2022 |
Rugaria:Any stats that doesn't satisfy your defeatist ego must be Lagos- Ibadan but if it does otherwise, it must be an authentic source from Enugu-Onitsha expressway. You don't surprise us anylonger, y'all are clowns. -Viper 11 Likes 4 Shares |
Re: Lagos Isn't Producing Oil At The Moment(photos) by DrGoodman: 9:39am On Feb 27, 2022 |
Nvestor02: And the Biafrans should vomit their own oil and gas to a crumbling Nigeria? 1 Like |
Re: Lagos Isn't Producing Oil At The Moment(photos) by Anambra1stSon(m): 10:08am On Feb 27, 2022 |
ViperAda: Oza, Isirmi, Obeakpu, Obigbo, Umuosi and Afam these are gas fields located in Igboland Ohaji gas project in Imo State will be the largest greenfield gas plant in Nigeria. 7 Likes |
Re: Lagos Isn't Producing Oil At The Moment(photos) by Anambra1stSon(m): 10:10am On Feb 27, 2022 |
ViperAda:NBS 3 Likes
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Re: Lagos Isn't Producing Oil At The Moment(photos) by Anambra1stSon(m): 10:11am On Feb 27, 2022 |
ViperAda: 2 Likes
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Re: Lagos Isn't Producing Oil At The Moment(photos) by techWriter3: 10:11am On Feb 27, 2022 |
3 out of 5 south east countries not oil producing 1 Like |
Re: Lagos Isn't Producing Oil At The Moment(photos) by Edopesin: 11:32am On Feb 27, 2022 |
What has this money done for Deltans 1 Like |
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