₦airaland Forum

es144000:
daily for IMO in 2023 came to 14647,last year was similar,this year will not be much different. Anyway 17000 is not far off.

fx45:
Imo produces 17,000 barrels of crude per day. Brent Crude currently sells for $78 per barrel. I can help you do the math

17,000 x 365 = 6,205,000 barrels per year.

6,205,000 x $78 = $483,990,000

Based on the current exchange rate of N1626 for $1, Imo State rakes in N786,967,740,000bn per year for the Zoo.

Now how much does Imo State get per month as Federal allocation? Imo gets an average N9bn per month as allocation. Multiply it by 12.

These figures exclude revenue from natural gas... And Imo State has the largest gas reserves in Nigeria.

Now tell us who is stealing from who

Ndi ara!

fx45:
Imo produces 17,000 barrels of crude per day. Brent Crude currently sells for $78 per barrel. I can help you do the math

17,000 x 365 = 6,205,000 barrels per year.na lie oh,I will give you the figuresfrom NNPC.Oil production in 2023
Delta 131024513
Ondo 12303686
Edo 10963822
Rivers 56989883
Bayelsa 60191895
AkwaIbom 80194887
IMO 5346476
ABIA 2475461
ANAMBRA 3991017

6,205,000 x $78 = $483,990,000

Based on the current exchange rate of N1626 for $1, Imo State rakes in N786,967,740,000bn per year for the Zoo.

Now how much does Imo State get per month as Federal allocation? Imo gets an average N9bn per month as allocation. Multiply it by 12.

These figures exclude revenue from natural gas... And Imo State has the largest gas reserves in Nigeria.

Now tell us who is stealing from who

Ndi ara!

fx45:
How many barrels of crude oil and natural gas leaves Imo on a daily basis and how much allocation do they get at the end of every month?

aninibinladen:
Imo, Abia, Kebbi and Cross River are advanced parasites.

Lagos, Rivers, Oyo and Bayelsa are the ones holding the glue together.

Imo well done, you more than doubled the figures of your next comrade (Kebbi) in arms

CyrusVI:


You created your own happiness before the result was announced. To be honest, thats the best way to navigate life.

To Edolites, this election reflects what they really want, cause I've never seen any Edo person till date lament about the outcome

The lamenters have been the

Not even Aisha Yesufu claimed any mandate was stolen cause she's in sync with the reality on ground

God Bless Mahmood Yakubu

blamingthedevil:
Yesterday, the National Grid got a massive boost as 624MW was added from Zungeru HPP.

This was after a successful reliability test on the units.
With this addition, NESI will be better and the national grid shall grow. Let's continue to prioritize #energyaccountability and #energymanagement as we work towards a more sustainable future.

Kudos to continuity of APC Government.

dawnomike:
We all will die one day... May his remaining days be peaceful is all to hope for now.

Mayor21:
So that means I can't recieve transfer from my Opay anymore especially from banks like UBA, Zenith, GTB e.t.c
But I can send out money from my Opay to any bank?....hmmmm

ijustdey:
SOURCE

Biodun556:
Israel is a pseudo entity. It will sooner or later be dismantled.

Racoon:
Stop parading ignorance. IGR is not a measure of economic progress as it only shows how people are being taxed. GDP per capita is the correct measure of economic progress. It's a very popular quote that no government can tax itself into prosperity. Heavy taxation is never an economic progress.

malcom1X:
We all die don't we?

I don't think death should be considered as news again.
It happens all the time

IVORY2009:
Delta politics

I guess the current governor is in the good books of the elder states man,if not he would not be singing and praising him, Delta State is one of the oil producing states in the south South region and with high earnings from the federal government sharing formula, I think the second, after Akwa Ibom or Rivers States, but today in Delta State it's a state of nothing to write home about, the leaders keep sharing the resources of that state.

AntiChristian:
Why is Lagos IGR multiples of that of the SE?