₦airaland Forum

ChrisOD: My Guy, how you dey? I wanted you to share with us the data that shows SS non-oil contribution as being high. Remember from yesterday? Thanks

I am going through some PDF documents at the NBS website. I might just post the links only, having a hard time copying and pasting the files here. By the way, the data I am talking about is the the production of rubber and cocoa.


http://www.nigerianstat.gov.ng/nbslibrary/searchdoc

/Users/Downloads/Agricultural_Export_Commodities_Report_2012_13%20(1).pdf

jmaine: Hopefully some psychopaths won't go on a gas pipeline sabotaging spree . . . . . .

That's the big elephant in the room, nobody is talking about.

This thread has lost focus.

F117A: NNPC contributed just 15%.
The project belongs to chevron.

NNPC as usual might not have even contributed one kobo to this project.

J12: Whats there to celebrate apart from the waste of scarce funds? The money wasted on this project will be used to build about five of the same capacity. Nonsense

Another misplaced anger, your government via NNPC most likely did not spend one kobo on this project. So, freaking chill.

735i: The same mistakes we made in the '60's we are making again now.
Why on earth should Chevron Nig Limited have 70% stake and NNPC just 15%?
Who is signing off these contracts?

Are you really serious?

Nigeria has joined a small group of nations including Qatar, South Africa, Malaysia and Australia that operate hi-tech Gas to Liquid (GTL) plants, as the Chevron owned Escravos GTL has produced its first liquids, after being behind schedule for several years.

The plant would allow Nigeria to perform a leading role in an advanced sector of the energy and fuel market.

“We recently achieved a major milestone at our Escravos gas to liquids plant with the production of GTL diesel and naphtha. We anticipate continued ramp-up in first product lifting later this year,” said George Kirkland, Vice Chairman and Executive Vice President-Upstream and Gas, at Chevron Corp., during the company’s Q2 Earnings conference call.

Chevron partnered with the Nigerian National Petroleum Corporation (NNPC) to build the GTL plant designed to convert 325 million cubic feet of natural gas per day, into 33,000 barrels of liquids—principally synthetic diesel.

When completed, the plant is expected to supply clean-burning, low-sulphur diesel fuel for cars and trucks.

The key component of the gas-to-liquids conversion is the Fischer-Tropsch reaction, pioneered by German scientists Franz Fischer and Hans Tropsch almost a century ago.

The Escravos GTL project had been severally delayed and capital expenditure on it is approaching $10 billion, according to Chevron.

This compares with the $1.2 billion that was spent on the 34,000 bpd Oryx GTL in Qatar, a similar project in terms of technology and capacity, which was inaugurated in 2006.

The Slurry Phase Distillate technology developed by Sasol and utilised at the Oryx project is also in use at the Escravos GTL project.

The Escravos GTL project will also produce kerosene and LPG – with the kerosene providing the nation with premium transportation fuel to produce jet fuel for aviation.

The products are expected to offset some oil product imports.

Nigeria spent N192 billion ($1.18 billion) to import refined petroleum products in the first quarter of 2014, according to data from the National Bureau of Statistics (NBS).

The business rationale behind the GTL project is based on the wide differential between gas and liquids (crude oil) pricing, which Chevron believes will persist over the long-term.

Global GTL production has the potential to deliver the equivalent of 32 billion barrels of liquids, or about a year’s worth of global oil demand, Bernstein analysts wrote in a November report titled “What if Small-Scale Gas to Liquids Was the Next Shale Gas? Are We on the Verge Of Another Energy Revolution?”

A pre-feasibility study of Escravos GTL was conducted in April 1998, followed by an engineering feasibility study.

The Front-End Engineering and Design (FEED) were completed in 2002.

The same year, agreements between Chevron Corporation, Sasol, and NNPC were signed.

The construction contract was awarded in April 2005 to a consortium of JGC, KBR and Snamprogetti.

Chevron Nigeria Limited has a 75 percent stake in the GTL projects, the NNPC 15 percent and Sasol 10 percent, while there are plans to expand the EGTL capacity to 120,000 b/d within 10 years.

PATRICK ATUANYA

http://businessdayonline.com/2014/08/10bn-chevron-escravos-gtl-produces-first-liquids

poiZon: see dis[b] warri man[/b] o, wetin carry u go osun?
propaganda at its peak

You are probably an impostor like the Op you replied, Who told you that liar and impostor is a Warri man?

We all knew this fact 3 years ago. Jonah's reelection was guaranteed.

Eurasia, the global political risk and consulting firm, has upgraded its short-term trajectory on Nigeria from negative to neutral, as it projects that President Goodluck Jonathan has a 75-percent chance of re-election in February 2015.

Eurasia says this is likely to put a floor on downside risks to the economy as the ruling People’s Democratic Party (PDP) steadily consolidates under the president.

According to Philippe de Pontet, Africa director at New York-based Eurasia Group, “Nigeria will muddle through after all, without too much investment-relevant risk.”

Eurasia notes in a new report that the next six months in Nigeria will be tense, however.

“This will not resolve Nigeria’s structural vulnerabilities, but reduces the likelihood that the campaign season will completely upend the investment climate or reverse the country’s economic momentum. Over the next six months, we envision policy stagnation, but not sharp backsliding,” it further says.

A Jonathan win could feed political unrest in the north, but makes it less likely that rebels in the Niger Delta re-ignite their attacks on oil infrastructure and personnel, according to Eurasia.

“Political risks are already elevated so our neutral forecast starts from a high-risk baseline. Downside pressures that could push our trajectory back in a negative direction would include some combination of an oil shock (price or production), a disorderly response to Fed tapering, a new wave of defections from the PDP, a sharp escalation (and southern creep) by Boko Haram and a prolonged rise of sectarian or political violence,” the report says.

De Pontet states that the upgrade is based on Eurasia’s methodology for assessing political risk trajectory (six months out and two years out).

It is expected by Eurasia that the pre-election period will be marked by patronage politics, constant politicking, and attacks by Boko Haram, oil theft, and policy stagnation, but they are not expected to undermine national stability or derail Jonathan’s candidacy.

Furthermore, the risk of fiscal or monetary policy upheaval under Finance Minister Ngozi Okonjo-Iweala or CBN Governor Godwin Emefiele is relatively low, limiting downside risk.

Nigeria has in the last year seen dramatic events in the lead to the general elections that have spelt a political quandary at times for the two leading political parties, APC and PDP, as they both engaged in an intense contest of political checkmate.

APC emerged as a political game changer after scoring high profile defections from the PDP, soon after the controversial merger of its parties, ACN and CPC.

However, the political storm it raised has started to settle with the loss of an election in Ekiti State where it previously won the election, the impeachment of one of its governors Murtala Nyako of Adamawa State, a governor who defected from the PDP to the APC, on charges of misconduct and violation of the constitution, and as high profile defections from the opposition APC to the ruling PDP occurred.

Nuhu Ribadu, Nigeria’s former anti-corruption chief, Buba Mohammed Marwa, a former military governor of Lagos, and Ibrahim Shekarau, a one-time opposition governor of Kano State and founding member of APC, have all defected from APC to PDP.

Jonathan has faced criticism from the opposition and citizens for failing to check corruption, contain a raging Islamist insurgency in the country’s north and deliver on promises of economic reform. All these have hurt Jonathan’s standing in the run-up to the elections.

However, Ribadu’s defection has been seen as a boost for the PDP.

Ribadu “helps boost confidence in the PDP because it’s a demonstration of their current political strength”, says Thomas Horn Hansen, senior Africa analyst at London-based Control Risks.

“It’s a political coup for the PDP over the APC,” he says.

“Ribadu’s defection to the PDP is a blow to the opposition on multiple fronts,” de Pontet said. “It’s a setback for the APC’s self-promoted brand as a true alternative to the ruling party.”

YINKA ABRAHAM

http://businessdayonline.com/2014/08/eurasia-upgrades-nigeria-to-neutral-on-jonathan-re-election-prospects

ketoprofen: tell me the FG infrastructure in the SE

Please read the comment I replied.

pazienza: Stop trying to be half intelligent. The infrastructures i meant their were state provided and managed infrastructures. Not the FG sited and managed ones,which we all know is almost non existent in the SE.

Why are you confusing yourself, my first comment you replied was more, about states and local community leading the way in their own development via levies on their SME. Where did you see me refer to the central government till you came and federalised a state and community issue.

pazienza: The SE is not lagging behind any other part of Nigeria in infrastructural developments, as a matter of fact,i am yet to see any part of Nigeria with better infrastructures than the SE.

Just because other zones are being mugged and taxed to death by their ruling and looting elites, does not mean that SE has to copy that bad model.


The Model we have in SE is a better model, knowing that we are yet to get an accountable leading elite, we decided to leave our wealth in the hands our populace, who in turn use the wealth to improve their individual lives,as can be been seen in more Igbos applying for university education than the rest of the country,and despite our state govts being unable to provide funds for scholarship education abroad like many other states,we still have many Igbos being able to send their wards abroad to school.

I have no problem with your model, as long as you don't blame the federal government for the lack of investment in public infrastructures in the east. I wouldn't have said it any better than you, and I quote "The SE is not lagging behind any other part of Nigeria in infrastructural developments, as a matter of fact,i am yet to see any part of Nigeria with better infrastructures than the SE"

That settles a lot.

People goodnight, I'm out.

ChrisOD: Interesting. Can you share that data? I have not seen it.

Nigeria earns N305bn from Non-Oil Export – NBS 2013

Nigeria earned about N305.1billion within the first three months of 2013, figures obtained from the National Bureau of Statistics indicate.
A breakdown of the figures highlighted under “2013 Export First Quarter” in the NBS’ report on ‘Merchandise Trade’, showed that export from natural rubber was N158.38 billion; raw cocoa beans attracted N62.198 billion; Sesame seeds, N20,76 billion; cotton yarn, N16.44 billion; and Leather products, N8.56 billion. Similarly, within the period under review, the export value of flowers and buds stood at N8.19 billion; footwear, N7.07 billion; tanned or crust hides, N5.41 billion; frozen shrimps and prawns, N4.96 billion; ginger, N4.09 billion; sacks and bags, N3.84 billion; cigarettes, N2.75 billion; and aluminum alloys, N2.54 billion.

The exports mentioned above, which are captured under the sub-heading, “2013 Export First Quarter” in the NBS report, totaled about N305 billion. However, the NBS further said, “Analysis on exports by section revealed that mineral products contributed N3,034.2billion or 87.9 percent of total exports during the quarter, followed by plastic, rubber and associated articles with N168.1billionn or 4.9 percent; and prepared foodstuffs, beverages, spirit, vinegar and tobacco with N115.2billion or 3.3 percent


I will dig out the document link tomorrow from the NBS data bank. Please bear with me.

below is the vanguard and businessday

http://www.vanguardngr.com/2013/07/nigeria-earns-n305bn-from-non-oil-export-nbs

http://businessdayonline.com/2013/07/nigeria-earns-n305bn-from-non-oil-export-nbs

ChrisOD: Do you realize how many Igbos were deinvested by the Boko Haram menace?

Boko haram is not only an Igbo problem , the entire NE is affected. It has touched all lives, regardless of tribe.

EasternLeopard: You trust Nigerian govt workers

To me

A good number are harden pen robbers

I can bet you that, more than half of that levy will be looted.

Instead of levying them, support their community development groups.

Agreed the public sector is rotten to the core, but our private sector needs to find ways to make them,do the needful.

ketoprofen: the true givers to the federal govt r the oil producing states period. They give without receiving much esp the imo n abia I mentioned, the rest like SW n north are the parasite here .

That's the price we pay for wanting to belong to Nigeria. The average person in SS does not really care. They get pissed off and irritated when some take them for fools. People start calling them lazy, screaming about oil coming from God, till data came out showing they contribute the most to non oil export too. All we asked is just some level of respect.

TamzyTamudo: shut up young man,this is what you people are good at,stop defending the utter failure of a people and state,u talked about emigration as if your region is not part of our country,won't blame you sha,will only blame Zik for all this insults from u ingrates of a people,if we are not in the same country with you yorubas and every other ethnic group that hates us,u guys will see us as foreign investors which will bring huge uncalled respect for us just as nigeria as a country presently value the us,china etc,Keep wondering if the lord cursed igbos to develop Nigeria before leaving or he cursed us to be progressives anywhere we are don't just know the actual thing to believe. saying this because of the insults we get despite our giant strides to move the nation forward yet all they do is to plot our demise and rain abuses on the living ones. My simple advice to nigerians especially the ofenmanus is to value what they have now before they lose it.

Your outburst is uncalled for. There are igbos doing business in Benin Republic, Togo, Ghana and Cameroon. Are they treated any better or worse, than in Nigeria?

ketoprofen: Mine is that the FG will not reap where she did not sow.
Its bad enough the crude oil in abia n imo goes to the FG, that's the much they shd get till they invest sth in the east.

Is this not the same case across the country? Abia and Imo are not treated any different than the states of Edo, Rivers, Akwaibom, Delta and baylesa

ketoprofen: After which what happens to the levy?

Levies can be publicly managed or a public/private management scheme. The southeast like every region, needs major infrastructures, the levies can be used to support the public funds

ChrisOD: What will an international court do in a war or war-like situation? How many non Igbo own big investments in Igboland? Hopefully, we do not get to that point.

I don't see any need to have this kind of discussion on this thread. I don't see any war in Nigeria, not today or in 50 years to come.

One problem the states in the SE need to fix asap, is their data collection system. Also, an aggressive move should be made to registrar all SME. This will help present a more accurate picture of their GDP and the states will be able to identify SMEs and how to levy some taxes on them.

ChrisOD: If there is a major upheaval in Nigeria requiring that Igbos forceable move back en masse to the SE, they will likely move w/out their investments. What happens to those investments?

That's why we have courts around the world. This scenario does not apply to Igbos only. What will northerners with assets in the East, WEST and South do, or the westerners with assets in all parts of the country.

What should Nigerdeltans do with assets across Nigeria. The courts within and outside Nigeria will fix that problem. Though, I'm not expecting any forceful move en masse by any group in this country.

Nigeria: Its Zonal Populations And Zonal Economic Contributions

Can we return to the topic of this thread?

EasternLeopard: Do you know why US Europe Japan Korea etc are doing fine.? Their[b] dangotes Ibetos Ibrus[/b] etc

Pls watch the men who built america with your phones youtube


As for infrastructural development, I still believe community development groups will play vital role in quickly and cheaply achieving that..

That's something truly missing in Nigeria. Ibru did alot for his home town of Agbarha-Otor, like build, town hall, schools and the Anglican Church in the town, yet most of his monies were all invested in Lagos. His business empire has no presence today in delta stste, yet he is the richest deltan alive.

Till our local business giants return to their towns and villages to help upgrade both the public and private infrastructures, government will be saddle with a burden, too big to bear alone.

The level of attention assigned to government in the country is way too much. 30 yrs ago in this same country, government did less and people had better lives than today. My Grand parents and my parents usually paid a town's tax, collected via a family support network in the village. My dad paid school endowment contribution for the only secondary school in village/town today. Bendel state as it was call then did nothing. Even the roads that lead to Warri were all maintained via community dues and efforts. Today, the whole LG is crying and waiting for the NDDC. That's how much things have changed.

ketoprofen: its primarily a failure of the govt.
Then, the traders

I have to disagree with you. The traders make enough money there, to either have enough political influence to make things happen via the state or self fund the improvement themselves. Nobody, should run any business in such an environment

ChrisOD: Even, the current state of Ariaria Market in Aba https://www.nairaland.com/1874739/current-state-ariaria-international-market is a classic example of how private wealth cannot do much for the collective good. Okay, why is every trader not tarring the front of their shop in that market?

Having lived in a community, where the village built its own secondary school, town hall and village clinic. Including a small village market. The traders of Ariara failed themselves, all the billions or tens of millions, they earn daily in the market, yet they lack the common humanity to improve the surroundings. This is not a failure of government, but a failure of the traders.

ChrisOD: Permit me to digress, but in Nigeria, IGR and GDP don't mean much because half of the money is stolen by politicians. It's just on paper.

But IGR and GDP are now becoming political weapons to determine, the free loaders in the system. So, states need to take them serious.

The governments in the southeast must aggressively collect taxes. This is a missing item in most southeast states. Imagine Eboniyi leading the SE in IGR. The federal government is not going to be the solution for this states, they must shoulder a greater part of this burden too.

superstar1: How does money in the pocket of individuals, translates into the development of.the whole region?
How has the money in their pockets improve the GDP of the region or stop emigration of able bodied men out of the region?

Penny wise, pound foolish.

The southeast states need to find ways to improve IGR. There are no two ways around this fact. Somebody has to pay for the needed public infrastructures. Their current level of allocation is not going to cut it.