₦airaland Forum

The decline is here already and its only going to get worse.

Bobbysworld28:
So states depleted d reserves? U r a real genius!

U r a bloody waste of time. I would rather talk to a brick wall because ur issue no get cure

Dumbass, keep your crappy mouth shut? Ask your state gov how much he received from the reserve account?

Bobbysworld28:
Hw did Amaechi thwart d plan? How was Gej forced? Ok, where is Fg's share of the money?
Amaechi forced them to squander it too?
Who forced them to deplete our reserves?

U guys hate truth! Shameful

What reserve? the same money your state gov collected your state's share? Why are some of you just so dumb?

NLNG just found out the world's LNG market is shrinking? Has the price of natural gas risen in almost 5years as compare to what happen to crude oil?

[s]

Yeske2:
Nigeria and other oil producing countries were warned years back to save for this scenerio, madam Okonjo was busy telling us we needed not fret as China and India will still buy our oil and gas.
GEJ made sure he depleted our reserves instead of saving and here we are.
God save us all

[/s]

rubbish

Whoa, he did not even chant Sai in public, no sympathy for political prostitutes. Oya APC go and bury your dead.

Remi Babalola is now talking of corruption? Nobi una fault.

Deploy drones through the Niger delta mangrove canopy Maybe, the NNPC spokesperson does not understand the crude oil pipeline layout.

How times has this town changed hands? Between Nigeria, Chad, Niger and boko haram, this town has been retaken at least twice.

Where are the fulani herdsmen weapons? keep disarming yourselves.

CSTR2:
I just had to add that.

It was not necessary, mockery has no place here.

CSTR2:
Very soon, you will see them yapping about how igbos want to take their oil.

Stay on topic

NLNG to Build Ship Repair Yard in Badagry

The Nigeria Liquefied Natural Gas (NLNG) Limited has concluded arrangement to float a new Ship Repair facility in Badagry area of Lagos State. The facility, the company said, is being established to bridge the gap created by the absence of an operational dockyard to cater for the repair and maintenance of Very Large Crude Carriers (VLCC), LNG carriers, large and medium size carriers, drilling rigs and support vessels.

The Managing Director of the company, Mr. Babs Omotowa who disclosed this in Lagos at the official launching of Facts and Figures on NLNG 2015, said the choice of Badagry was made following a feasibility study that was carried out at Onne, Bonny, Olokola, Badagry, Ogogoro Island and Ladol among others.

“Currently, a Special Purpose Vehicle (SPV) that will manage the development of Badagry Ship Repair and Marine Engineering Limited (BSME) is being put together,” he said.

The managing director disclosed that the train seven project of the NLNG which has suffered delay is still awaiting Final Investment Decision (FID).

“NLNG’s 8.4 million tonne per annum (mtpa) Train 7 project, which will raise the liquefaction capacity to 30.4mtpa, is now awaiting FID. SPAs (Supply and Purchasing Agreement) have already been made with five buyers,” he said.

Omotowa however assured that the NLNG which currently delivers about seven per cent of the global LNG supply would continue to consolidate its position as one of the largest producers and exporters of LNG in the world.

NLNG, according to the Fact and Figures, has converted about 133 billion standard cubic meters (Bcm) or 4.68 trillion cubic feet of associated gas to exports as LNG and Natural Gas Liquids (NGLs), thus helping to reduce gas flaring in the country.

The figures also show that the company’s payment to joint ventures feed gas suppliers from inception till date is almost $21 billion of which 55-60 per cent of this amount had gone to the federal government via its shareholding in Nigerian National Petroleum Corporation (NNPC).

“NLNG has over the years paid dividends of almost $30 billion, out which 49 per cent went to the federal government,” the document stated.

http://transactreports.net/i/nlng-to-build-ship-repair-yard-in-badagry

(Reuters) - Nigeria Liquefied Natural Gas Company (NLNG) is sponsoring the construction of the first major ship yard in Africa's biggest economy at the cost of $1.5 billion, in its attempt to turn the country into a hub for maritime operations on the continent.

Nigeria is the world's eighth biggest crude producer and Africa's top oil exporter but it does not have a drydock for maintaining and repairing large crude vessels, a major drawback for carriers sailing to the country, NLNG spokesman Tony Okonedo told Reuters.

Only South Africa had such a facility on the continent, Okonedo said, meaning that ships travelled a long distance for repairs. Nigeria has two facilities that can only accommodate small vessels, he said.



Okonedo said Samsung Heavy Industries and Hyundai Heavy Industries have both agreed a $30 million commitment towards the construction of the facility, which would be located in Badagry, near Nigeria's commercial capital of Lagos.

"It could potentially be used to transport the 2.5 million barrel a day crude business in Nigeria," Okonedo said on the sidelines of a media briefing.

Okonedo said the NLNG organised a roadshow earlier this year to market the dry dock project to investors, which included multinational oil companies in Nigeria, with large exploration and upstream activities.

He said NLNG, which is owned by Nigeria's state-oil company NNPC, Royal Dutch Shell, French oil company Total and Italy's Eni was in discussions with a strategic investor for the project.

It appointed France's BNP Paribas and Guaranty Trust Bank to help raise around $1.6 billion two years ago to build six new LNG carrier ships, expanding its fleet to 30.

The construction of the dry dock, with a size that can accommodate 185 football fields, will take up to 48 months to complete and would commence once all the funding was in place, he said.

The company, which was set up over two decades ago, has a capacity to produce 22 million metric tonnes of liquefied gas a year. It obtains its gas supply from upstream oil companies and liquefies it for export.

It has long-term supply contracts with buyers in Italy, Spain, Turkey, Portugal and France and also sells on the spot market.

Revenues for the first half shed 25 percent, in line with the fall in crude prices, NLNG said.

http://www.reuters.com/article/2015/06/19/nigeria-lng

Nobody is buying NLNG lies.

I said here several times, that APC was behind all the gas pipelines explosion in the Niger delta.

IsraeliAIRFORCE:
Acting IGP Ringim Born in Ringim, Jigawa State

Air Vice Marshal Umar, the new Chief of Air Staff He was born in Kano Municipal Local Government Area of Kano State

The new Defence chief Petinrin was born on 19 January, 1955 at Ipetu-Ijesa in Ori-Ade Local Government Area of Osun State

Ihejirika was born on February 13, 1956, and is an indigene of Ovim, Isuikwuato Local Government Area of Abia State.

Mr. Ita Ekpeyong as Director General of the State Security Services.

Rear Admiral Ola Sa’ad Ibrahim as Chief of Naval Staff ld, the new naval chief hails from Kwara State

3 South and 3 North

"The truth doesn't die but it lives like a poor man". Yiddish proverb.

No hiding place for demons any more.

fulanimafia:
More like you lack any substance to argue with. I'm glad you have now understood part of the reasons why Nigerians collectively kicked the inept and completely inadequate Jonadunce into the annals of history.

Did not expect anything less from a lying almajiri.

[s]

fulanimafia:
Stick to the topic and stop putting you uncultured nature on display.

From the link you provided which you clearly lacked capacity to understand, the savings for 2014 were made as a result of implementing the E-Payment systems which is only a minor component of the TSA. The TSA was never fully implemented until President Buhari's emergence.

It was CLEARLY stated that the order for closure of all revenue accounts which is the core element of the TSA and subject of our discussion (as evident in the definition of TSA you provided) was given on January 1 2015 with a February 28th deadline which was never adhered to due to the incompetence of Jonaboy.

http://www.vanguardngr.com/2015/01/fg-saves-n500bn-through-implementation-of-single-treasury-account/

It is instructive that MDA's were still operating numerous uncoordinated revenue accounts in commercial banks which is in violation of the TSA provisions until the order by President Buhari on August 9th, which had MDA's complying under 48 hours.

http://www.thisdaylive.com/articles/analysts-hail-implementation-of-treasury-single-account/217572/

Ensure you understand the content of your links before presenting it before the public in future. It's embarrassing.[/s]

No need arguing with you, your lies have been put to rest. Sai chanters like you are some the most sickening bottom feeders in the country now. You are only fooling yourselves.

fulanimafia:
Public records show that TSA was implemented on Sunday, August 9, 2015.

Excerpts from THISDAY (16/8/2015)

"That is why Nigerians should applaud President Buhari for his boldness when on Sunday, August 9, 2015 he announced that all MDAs should transfer all their accounts with commercial banks to Treasury Single Accounts (TSA) with immediate effect. Yes, former President Jonathan gave similar directive in January with February 28, 2015 as the deadline but as usual, lacking leadership, he was ignored by most of these MDAs. The good news is that by August 11, most of these MDAs have started complying."

http://www.thisdaylive.com/articles/analysts-hail-implementation-of-treasury-single-account/217572/

Jonathan was an ineffective, powerless and completely clueless joke of a President.

Keep your akobata Fulani foolishness to yourself. Think very well before you quote me

http://www.vanguardngr.com/2015/01/fg-saves-n500bn-through-implementation-of-single-treasury-account/

The federal government saved about N500 billion in unutilized funds last year through the implementation of the Single Treasury Account (TSA).

TSA is a unified structure of government bank accounts that gives a consolidated view of government cash resources. It is a system, whereby all monies belonging to the government are domiciled in one account with the Central Bank of Nigeria, with payments out and collection into the account done via an electronic payment platform.

fulanimafia:
Public records show that TSA was implemented on Sunday, August 9, 2015.

Excerpts from THISDAY (16/8/2015)

"That is why Nigerians should applaud President Buhari for his boldness when on Sunday, August 9, 2015 he announced that all MDAs should transfer all their accounts with commercial banks to Treasury Single Accounts (TSA) with immediate effect. Yes, former President Jonathan gave similar directive in January with February 28, 2015 as the deadline but as usual, lacking leadership, he was ignored by most of these MDAs. The good news is that by August 11, most of these MDAs have started complying."

http://www.thisdaylive.com/articles/analysts-hail-implementation-of-treasury-single-account/217572/

Jonathan was an ineffective, powerless and completely clueless joke of a President.

Keep your akobata Fulani foolishness to yourself. Think very well before you quote me

http://www.vanguardngr.com/2015/01/fg-saves-n500bn-through-implementation-of-single-treasury-account/

The federal government saved about N500 billion in unutilized funds last year through the implementation of the Single Treasury Account (TSA).
TSA is a unified structure of government bank accounts that gives a consolidated view of government cash resources. It is a system, whereby all monies belonging to the government are domiciled in one account with the Central Bank of Nigeria, with payments out and collection into the account done via an electronic payment platform.

Any sincere Nigerian with any objective views about the Nigerian financial and political situation, knew before the election, that Buhari and APC were lying. Its just common sense.

If crude oil prices were $75 today, 99% of APC promises are still not possible. Unless you belong to the crowd of Nigeria is a rich country with so much money, we just don't know how to spend it mantra. Then APC fraudulent promises become plausible to you. This is still a country where people never die natural death, someone or something in the village must always be blamed.


Breaking the chains of truthful conversation without apology, without regret, without approval! - T. Shakur

His lies are no more needed, APC has done the needful with him.

4Play:
Lai Mohammed is illustrative of the concept of "nominative determinism".


[url]https://en.m.wikipedia.org/wiki/Nominative_determinism [/url]

His parent saw something in him right from birth. A Compulsive liar, how humans can become so shameless, is beyond my comprehension.

obailala:
Point of correction, the TSA idea was actually conceived in 2013 clearly under GEJ.

GEJ's government conceived this stellar idea since 2013 but didn't have the balls to implement it; who knows, they probably didnt enforce it because they knew it would seriously hinder their lootocracy.

It took the ascension of PMB to power for this stellar idea of GEJ conceived since 2013 to be enforced almost immediately and that should tell you a lot about Jonathan.

You really need to stop deluding yourself; the elections are over, the battle has been fought and won.

Spoken like a typical almajiri, check public records to find out when TSA was implemented.

When will this people return to their homes and villages and stop milking us with this IDP nonsense?

zendy:
[b]People from the so called Niger Delta make me laugh when they reject the notion of Biafra and accept 'one Nigeria'. If you are from the SS, I strongly urge you to watch the YouTube video where former minority leader of the House of Reps, Hon Farouk Adamu Aliyu tells Nigerians who actually owns the Oil.[/b]

There's nothing as the so called "Nigerdelta" There was a Niger delta before Nigeria and there's still a Niger delta today.. Your attempt at mockery is lame. Next time try harder.

Let's leave baba osho alone, day go soon break. He should ask Ameachi, how life is in the echo chamber.

Why make this public trying to have people killed for nothing?

drshrewd:
hahahahahahahahahaahah hohohhohohohho
PDP sucks at propaganda. very unintelligent at mopping out constructive propaganda. very ebeleic in their approach. the caption said N22.9b but what is seen in the story is N600M what an ebeleic propaganda!
[b]by the way where did they get the info that the project was scheduled to cost 2250m euro which is over N600b was that a typo or the usual clueless/ebeleic propaganda.
Thisday news paper is a well respected national dailies in Nigeria but in recent times they are pulling all the stops to soil their hard earned reputation because of Rivers politics which is very unfortunate. But again, who wouldn't want to get the share of the N50b naira larges set aside by the Rivers State government to sponsor media propaganda against the award winning ex Rivers governor.
well we are not telling them not to eatooo but next time they should try and do a decent job [/b]

So 225M Euro is over N600B? Where in the article did you find this story? Your attempt to undercut this story has left you pissing all over yourself

HopeAtHand:
Learn to grow above hate..

If only you applied same to yourself Also stop lying on this forum.

WailingWailer00:
Portharcout is now a circus, a laughing stock of all States

AMAECHI is a disgrace

Wrong, Portharcourt is peaceful and life has returned to normal since the departure of our trouble maker. Amaechi might be a laughing stock, definitely not Rivers state.