₦airaland Forum

Chosen1984:
There are Major happenings all over the world Today.

Before they come out to do certain things physically there are heavy high Spiritual consultations that are done. Infact things are Concluded Spirtually before they carry it out physically..

If you have been alert for some time now you will notice that certain Nations, Organizations and people have been concerned about Nigeria.

Few days Zakari of CNN mentioned that Nigeria should be carried along in this Covid stuff and all that

Melinda gates mentioned Nigeria again

Now this again!

I perceive they have a target but due to High powered Prayers going on in Nigeria, they are finding it difficult to subdue Spiritually.

There is nothing spiritual about this. It's cause and effect.

If you do nothing, then nothing happens. As simple as that.

To those claiming that other countries like US, Europe would go into recession too, kindly compare your standard of living now with theirs!

Now with recession, they would still manufacture goods, enjoy existing infrastructure, 24 hrs electricity, potable water, heating, security, healthcare, and all their measures of good standard plus they would tap into their social insurance that have been saved for decades. Things may just be more expensive there and with fewer jobs than before.

But in Nigeria, this won't be the case and we all know that!

So please quit the baseless spirituality and unenlightened arguments from a poor knowledge of economies.

Production doesn't mean anything if you cannot sell it all.

Using this crisis, Saudi Arabia has increased their global market share and consolidated with Premium customers.

The present and future growth in oil demand is in Asia and Logistics+ economics do not favour Nigerian oil in that direction.

Most of Nigeria's former oil customers are now her competition.e.g US

Other African countries who were not in the oil and gas game before have joined as competitors e.g. Ghana, Senegal, Congo, Mozambique, Kenya, Uganda, Equatorial Guinea, South Africa, South Sudan, Egypt etc. thereby shredding Nigerian market share.

Poor investment in exploration arising from policy laziness e.g. PIB footdragging has left Nigeria with falling proven reserves and you cannot ingest in exploration during an oil price crash.

Ease of doing business in Nigeria and real oil profitability versus other countries is very poor and oil investors want to put their money in more profitable ventures? E.g. Exxon Mobil would be thinking for every barrel, what's the profit in Nigeria versus Guyana versus other countries.

So in essence, we may produce 1.5 MMBOPD and sell 1MMBOPD, that revenue won't be met; barring discounts oh.

Stalwert:
now post this without crying



He has but our foreign exchange source needs to be diversified.

How much is.coming in from the "diversified sectors"?

What's even wrong with us Naija men?

I read both threads and believe me, the rebuttal from the lady is truth. She said it all; no envelop generalizations.

See, in the West, the society is designed for privacy and the average Naija immigrant will surely be lonely. No need to take this further.

Why have many people come out now to say the lawyer is wrong?

When we were shouting ourselves hoarse for the president to take measures to close the border and lockdown during the first case of the Italian man, you lot were all sleeping in your crab holes.

Ridiculous!

EngrXrix:
Very valid point I like how you dissect the situation. but as a nation we have to try. Nigeria’s crude grade is still one of the best in the world. Oil from the Mid East is heavy with sulfur so that’s the leverage Nigeria has I believe.
And I was talking about ramping up existing fields production. After all wats the point of having all that oil when u can’t sell it? If the proven reserves deplete then so be it. But we need to get more customers to buy our oil if it’s going to be sold cheap.

Thanks.
2 extra things going against us that were not there a decade ago.

1. Our customers are now our competition e.g. USA
2. Our neighbours are now our competition e.g. Ghana, Senegal, Muaritania, etc.

Oil demand is in the direction of Asia. Supply chain and logistics does not really favour us versus the mid-east.

What differentiation do we have in the market? Sweet light crude? We are not the only one.

USA has their power and technology, Saudi has huge productiin and money+ closer to Asia. Irs a market share war and not a pricing war nd Saudi has leveraged for the future. We don't have a great image as per foreign policy abroad so we can't push for stuff really.

Plus renewables are inching in to grab market share no matter how small. We are not even thinking to be there yet.

EngrXrix:
Not really. The maths behind this is that Nigeria has to ramp up production. Probably by 50% more. It is better to sell a product for 5 naira and have 100mil buyers than sell for 100naira with only 10000 buyers. It’s same principle the saudis are using. By selling cheaper we get more customers then we can balance out the negatives of the trade. This may even lead to employment in exploration and production only diff is salaries won’t be as big as before.
Just Incase u are wondering, I’m in the system and this I know as a fact.

Not really. This particular situation is novel. We have a demand shock from the Covid-19 pandemic at the same time a supply shock from the OPEC+ disagreement.

Currently, demand is very low and supply is too high. Saudi and Russia both have cash reserves to balance their budgets for the next 5-10 years at prices below $25.
However, Nigeria; a major import-based economy with no diversification has depleted cash reserves, has to sell lower volumes at a discount and yet has fewer customers and also cannot balance her budgets at that price ( Budgets are bloated and capital expenditure + health+ education is low priority: 3 key aspects that boost an economy).

We can't also increase production because over the past decades we had not invested in the needed exploration activities to assure proven reserves(dilly-dallying with PIB and politicizing everything ). You can only increase production significantly from drilling new fields ( But new drilling requires higher oil price to be justifiable- No one drills new projects in a low oil price regime)and ramping up existing fields (which would make the reserve volumes-in-place to finish quicker since existing fields volumes are fixed and currently depleting plus you can't just increase well production by 50%, you would incurr several technical problems like coning etc and your well would be shut-in).

Again, if you ramp up production anyway, you add further volumes to the glut in the market already and Saudi et al would respond in kind and give even juicier discounts premium customers ( Saudi produces 9.6MMBOPD while Nigeria does say 1.6MMBOPD, we cant stand their power and their proven reserves are more than 10x ours.

It's a double whammy! Just that Nigeria is screwed for not preparing!

That's why we have been advocating for merit-based systems rather than quotas in the country. So that the best people are running the affairs.

Hi OP,

Please do not be alarmed. The late twenties comment is absolutely wrong as far as female physiology is concerned. Women ovulate and mensurate well into their forties.

Like some people said here and like you have mentioned, going for tests (recommended by a gynaecologist) is the first step.

Then based on this, your diagnosis is read and the next steps advised.

Perhaps balancing this indication with the economics of solution is one worry some people have. But if you have the proper medical guidance, you should be fine.

I think you should try to calm yourself a bit.

Well, if you would like to get free medical advise in this situation, you may like to call othe Managing Pharmacist of Sofia Pharmacy, Lekki on 0903 495 1411

She is very experienced in these kind of matters with women (counselling, directing you to proper and affordable ob-gyn medicare and general physiological care for women)

Wish you all the best and congratulations on your forthcoming wedding.

You know one crazy thing about this?
Not one word from the Lagos State House of Assembly!

Funny they are "elected" to represent the people.

What's with the original poster hiding the cross signs on the coffins?

First, the info is incomplete in some area and wrong in others.

Dangote refinery cannot PRODUCE oil. It would refine produced oil. So that doesn't make Lagos and oil producing state but then the refinery is significant revenue for the state.

Now, majority of the onshire oilfields in Nigeria are depleting die to years of production. The reason many people think the SE does not have oil and gas is because most oil companies did not drill there due in part to political reasons. The SE has huge untapped gas reserves more than oil and these are very easy and cheap to exploit we to their reservoir nature and short depths. Granted that many of the lower Niger delta shelf plays in Akwa Ibom, Rivers and Delta would naturally have more oil in place than those inland SE due to the hydrocarbon wash in the reservoirs, the SE boasts of lots of untapped fields which is a huge advantage.

Currently, Walter Smith Petroman is building a refinery in Ohaji, Imo state, though smaller than Dangote but quite significantly tapping the existing oil fields there and very profitable. SEPLAT in JV is building a gas plant there with an associated power plant coming.

In essence, the current SE oil plays are just upcoming. If you work in the oil industry and know the geologies and production activities, you would scoff at this Bureau of Statistics farce posted.

lexy2014:
Which Dubai is eko Atlantic challenging? How many buildings are there that it will now challenge Dubai?

Please allow him to bask in the euphoria of his fantasy, I beg you.

He has not been to Dubai before. Don't burst his bubble.

Toosure70:
only if you know why the advance country against bore holes. It causes earthquakes.

Come on! Our bore holes generally target water aquifers which are far away from fault and fracture lines in our own geology.

No one in Lagos drills a basic borehole beyond 150ft unless those so called industrial borehole going pro ably 400ft.

I drilled a borehole in Lekki and stopped at 90ft

Sanchez01:
Bless you! I just echoed this in Twitter some twenty minutes ago. Buhari would never have been an option had Jonathan's government done the proper things.

People should be blamed for their actions. Diverting the blame to Jonathan is just being small-time sneaky.

If we follow your rule then we should blame Yaradua for Jonathan and then Obasanjo for Yardua and abdulsalam for Obasanjo and Abacha for Abdulsalam. And Babangida for Abacha, and Buhari for Babangida....oh cr.p! Buhari again?

Area4Area:
I'm profitably occupied and don't need a job, it's you that is supposed to desist from supporting smuggling and smugglers, that is if you're not one.

How you do not understand that goods are genuinely imported and exported through land borders shows your low knowledge level of economy.

Additionally, how you don't understand that Customs Services are fully responsible for keeping those land borders protected from smugglers, yet open to genuine trade validates the above.

Put your head down and learn. It would help you.

ScotMisile:
It's cheaper to import? ?... I rest my case.

Yes, it is cheaper to import most goods into Nigeria. If it weren't, importation business wouldn't be lucrative and profitable. Isn't that just simple economics?

For example, do you know that the cost of manufacturing a bag of cement in the US is less than NGN 500. I said US, not China. No one has that low cost of manufacturing in Nigeria.

Why do you think most manufacturing firms closed down with some leaving Nigeria? Why did Michelin leave to Ghana and prefer manufacturing from there for export?

Check the price of 1 ton of aluminium roofing sheet made in Nigeria (say Tower or First Aluminium) versus same weight imported from China or India? Those companies have basically stopped melting aluminium in Nigeria, they now import the coils and coat in Nigeria because they cannot compete in making aluminium coil from scratch in the country.

These are just 2 examples.

The reason is scale and policies driven by comparatively better policies of the external manufacturers.

Area4Area:
See this one still looking for a job, by their posts you shall know smugglers anyway

If only you knew who was talking to you, you would have been humble and learnt and probably benefited from this job-seeking situation rather than mention smuggling.

Go through my posts and learn. Ask yourself, if that wealth of experience is looking for a job.

Area4Area:
We are taking our time, na small small.

Lol...you are not serious.
That's the whole issue with Nigeria, my friend...lol

If you were my employee and answer this way to not doing your job, I would fire you immediately without benefits.

Area4Area:
We now have scanners at our ports, we had to shut down their economies because they were proving stubborn.
Stick to ECOWAS protocols on trade and those stubborn leeches refused, what else do you want us to do again, must it continue?

How about Customs effectively holding the land borders? That's what they are meant to do right? If they fail that one mission, then they should give the job to those who can handle it.

No one is talking about the inefficiencies and poor job they are doing. Rather they just close borders

The truth is that Nigeria would lose more than we gain during this border closure.

The net result would be a negative. What the customs boss should do is to REFORM his institution! Collect duties everywhere both land, sea and air and provide the one mission they have which is POLICE THE BORDERS EFFECTIVELY FOR GOODS!

If the Nigerian Customs were to be a private company, would the CEO accept a closure of land borders ( loss of revenue, inconvenience to clients, bad image to company) from the customs boss because he cannot control smuggling through the land borders? Resources would be provided for that and if the boss cannot deliver, he would be asked to resign. But again, we are in Nigeria!

Apt.
This shows you the level of knowledge of the person you are replying.
No understanding of concepts from basic education, that's if they have any.

LabDNA:
At what cost? If I export wears from Aba to Cameroon which is just a few kilometers away from Aba after paying the required duties at the border post, how do I survive if I'd have to move the same goods from Aba to Lagos just to export it through sea or Air to next door Cameroun? Since the land borders are closed and the PH port is moribund. Does it sound like a sustainable idea to you?

Be realistic!

Perhaps you may consider that the cost of manufacturing in Nigeria is too high due to poor infrastructure and policies.

Count how many factories have closed down or drastically cut capacity in the last 20 years. Where is Michelin, Dunlop? Check capacities of other that have dropped.

If the government does Its job well, local manufacturing would compete favourably with imports.

Poor electricity, poor transport infrastructure (rail track, inland shipping), multiple taxation, little marginal difference in import duties of finished goods and their raw materials etc. This is the government's job but they won't do it, rather it's always a knee-jerk reaction everytime.

I recall when the federal administartion joined in 2015, we had the worst fuel crisis in Nigeria yet due to complete ban of most vessels bringing in petroleum products into the country on the allegation of subsidy corruption. Guess what? The shunned Nigeria and we had a crazy time wirh petrol for more than a month. Of course lives were lost from people hoarding etc, but who measures?

So, the idea is to get the Government agencies at the border to DO THEIR JOBS. The executive arm is in charge of customs, and so they should police the land borders effectively. Anyone caught Offending, officer or smuggler shoukd face the law while law abiding Nigerians can import or export through the land borders. People can't go suffering because the Nigerian Customs cannot do their jobs of policing the land borders!

isthatso:
like I said anybody with a brain would be thinking why are we importing 3trilllion worth of textiles ($10B) and exporting jobs abroad when we have textile mills shut down and unemployed Nigerians....same with rice. For some context our entire income from Oil is not up to $30B.

You can argue with yourself from now till tommorow, Nigerians are corrupt, corrupt people will always find themselves into banks, civil service, police, army customs etc and sabotage well meaning directions. Someyimes the only way to deal with the corrupt people that are we Nigerians is to be draconian.


Like I said anyone with a brain who means well for Nigeria should at this moment be wondering why we are importing so much textiles through the land borders especially when our numerous textile mills are shut down and our youths are unemployed

ScotMisile:
Innosson cars are expensive Biko... If it's truly manufactured in Nigeria, then it shouldn't be as expensive as those with import duties...

If Innosson thinks the price is modest, then that means most of the parts are Imported.

The price of a brand-new Lexus Jeep is far cheaper in Japan than in Nigeria because is it is truly made from the scratch in Japan.

But, if Innosson sources his raw materials here, sources his expertise here, then that means nigga is damn greedy.

On a conclusive note going by that price, I think Innoson is an imported brand.

Have you tried manufacturing any engineering component in Nigeria and seen how expensive it is? Poor Electricity, no gas network, bad roads, no fast shipping, no rail roads, multiple taxation, government agency extortion, no incentive for innovation etc etc etc...Add these up and you'll see that it's cheaper to import. That's why this is an import based economy.

You need to study more about these things first!

khallebb:
I have never loved Hummer and I won't. Innoson motors suffer low patronage because their cars look cars that can only drive on desert roads.

....which is exactly how many Nigerian roads are

iamJ:
It's assembled in Nigeria


Innoson imports all the parts

Not even the rubber carpets are made in Nigeria


There are Chinese versions of innoson cars



It's like all those brandless Chinese products that people put their names on top


That's what Innoson is doing


Ask them to mention 1 part that was made in Nigeria, they import chassis and everything

If I hear made in Nigeria

You have clearly shown that you do not understand how cars are made. Component car parts are contracted to individual manifacturers around world and then assembled in the country where it is "made"

I don't blog but going through this piece was quite enlightening as far as writing goes.

Boy, do you write well!

stevio:
NIGERIA WILL WORK IN THE MIGHTY NAME OF JESUS CHRIST OF NAZARETH. Pls learn to speak good about your Country,WORDS are POWERFUL & they have CREATIVE ABILITY.

If you don't work hard to achieve a goal, all the words in the world would not achieve it for you.

Try this:
Every morning, don't brush your teeth, rather declare by words that your mouth is fresh and clean. Do this for 1 month and see how powerful your words are and much creative ability your words have.
Thank me later!

ambu2:
No learning is a waste. Sitting side by side with the reverred Prof Soyinka presented an opportunity for positive interaction about his views of life and why he shares such views. There is no way the young would not have learnt one thing new.

That would have still happened with Wole in his correctly assigned seat.

If he wanted window seat that wasn't his, he could have asked the young man politely and with a smile and even humour!

E.g.: " Would you oblige an old greying man the chance to rest his bones by your window seat?"

That level of charm would rarely make the guy refuse.

It's as simple as that! Then the boy would likely humble and learn even more from him. And we would avoid all this trash talk of respect or not.

She has a troubled past.

She is a troubled woman.

No point her gloating.

Wouldn't this new republic be landlocked?

Think of the present in Nigeria:

Easier for pharmacists to get jobs today than doctor's. Also easier to set up a community pharmacy as an entrepreneur than to set up a hospital.

Now think of the future in Nigeria. Doctors are all running away overseas