₦airaland Forum

chuksjuve:
Let the debate begin !!!

I came to read comment !

Bar man!!

Gimme one bottle of Malta Guinness

justwise:
You have a good chance of getting a job in the UK if you plan well before coming here. Its competitive yes but foreign students still get a job..

Some Nigerians even get a job in the UK from Nigeria.

TWoods:
You keep claiming I’m the one wailing... yet you’re the one who decided, of his/her own volition, to champion the cause of Nigerians who aren’t allowed to violate UK visa rules. That’s as absurd as it gets.

tobiasbeecher:
Why are you contradicting yourself? What is the essence of this thread? Isn't to make information available to people to read and make an informed decision? Why then are you and some people here against the OP? Please, we need this kind of information in the public space so that people will have enough information. It is shocking that people are making snide comments about the OP.

hedonistic:
If you get an oil block, even if you don't do anything else but merely decide to invite oil majors to partake in it, you should get at least $15m to $30m in so-called 'farming fees, regardless of whether they later find oil or not. If you want to flip it altogether, you would get at least between $30m - $100m depending on its perceived prospects. If they find oil, you would still receive annual royalties (in millions of dollars). Isn't that enough to make you very rich?

Because the likes of Alakija, Adenuga, and Lulu-Briggs decided that they wanted more than farming fees and royalties, and went the extra mile to invite technical partners to do all the work for them, while they sit back and share in the proceeds, that doesn't mean that they're smart or hardworking.

The whole oil block award and operation process in Nigeria is riddled with extreme corruption, and anybody that made their wealth through this can never be a genuine entrepreneurship role model.

Oil acreage ownership in Nigeria does not have ethnic colouration. What’s more important, sustaining production from oil and gas assets, whether or not awarded by the state, is determined by how much of a businessman you are.

When Jibril Aminu handed out oil prospecting blocks, in the first comprehensive effort “to encourage indigenous participation” in 1991, he gave blocks to companies owned by Folawiyo, Abiola, Adenuga, Udoji, Ibru, Igbinedion,(all Southerners) as much as he gave to enterprises set up by people like Saleh Jumbo and Mai Deribe.

Between 1991 and 1993, we suddenly had over 25 companies, that were Nigerian E&P companies and they took themselves so seriously that they set up an association they christened “Nigerian Association of Indigenous Petroleum Exploration Companies”. But what did these people do with the acreages? They were mostly clueless about how to progress things.

Out of that class of awardees, only Mike Adenuga created what you could really call an E&P company. He is the only one producing oil today, from his own block.

It’s bad enough that Nigerian indigenous private acreage holders don’t produce, as a collective, up to 150,000 Barrels per day, or 7% of the national daily production, so why are we fighting ourselves? But false information misleads all of us into false conclusions, which reduce the complexity of the solutions we ought to be proffering.

The first field the author mentions is Obe field, which, he rightly claims, is held by Cavendish Petroleum, a company set up by Alhaji Mai Deribe. Alabo- George lied by saying that the Obe field, the main hydrocarbon pool in OML 110, contains 500Million barrels of oil reserves.

The Obe field does not have a proven 20 Million barrels. I am not sure it has 10Million barrels. It is not producing as I write. The Obe field has not produced for five years, since 2007, when Tranfigura, the last technical partner engaged by Cavendish, walked out.

I don’t know what discipline Mr Alabo-George belongs to, but this point I am about to make is well known to every junior petroleum geologist with three year experience in the crummiest E&P company: If a field holds 500 Million barrels of oil, proven, in shallow water Nigeria, it won’t lie fallow. Investors would rush it.

And I am less keen on how much you’re getting as rent from the asset you are holding, than the capacity you are building as manager of a Nigerian oil company who is awarded the asset, in trust for the rest of us.

True, Indimi’s Oriental Resources holds the three assets. OML 115 is not producing as I write. No one has certified that there’s a producible field in the acreage. Ebok is being produced, on Oriental Resources’ behalf, by Afren, a UK listed company. Last year, the field delivered an average of 8,000Barrels of Oil per Day(BOPD), according to Afren’s website. You can google it. Okwok, as I write, is still in development. Translation: it has produced nary a drop of oil.

Read the rest here: https://www.premiumtimesng.com/opinion/123588-the-north-does-not-control-nigerias-oil-blocks-by-toyin-akinosho.html

ItsMeAboki:
I really don't know whether you and that Charliebiz are the same persons hiding under different monikers or different individuals suffering from the same affliction of intellectual laziness/poor comprehension.

In any case, may I also refer you to the 2nd paragraph of my earlier post where I clearly and specifically included airports as restricted areas where grazing is prohibited.

Lastly, your regional origins is of no interest to me; nor does it take away from the fact that southerners continue to take delight in maligning northerners as educationally backwards while many of them are ironically half baked or at best educated illiterates.

Shey you understand?

tobiasbeecher:
What kind of man are you, mocking your fellow man for not having a job. Can people get this low?

TWoods:
FYI I live in the United States. What UK schools charge you is not my problem. This thread caught my curiosity because it is a microcosm of the Nigerian problem - lazy, poor planning, no foresight... only to blame the outcome on others.

You act as if UK schools will die without you. One wonders how they were established in the first place without your money. If your money was that substantial why can’t you use it to build equivalent schools in your country, where I am sure every graduate is guaranteed a job no?

TWoods:
This thread is one long lament from you. My point is that we wouldn’t need to cry if we simply engaged our brains.

TWoods:
If a masters student claims to be naive and unsuspecting, despite all the clear immigration rules, then too bad. UK schools are also businesses, I don’t blame them. A fool and his money are soon parted.

Olalekank:
Me don unreason am since last week. I cannot come and go and waste money and 1 year again

TWoods:
We know the immigration rules, but we prefer to go ahead, “believing god” that “our case is different”. When it doesn’t, we put up long threads blaming the UK government and it’s schools. UK schools exist to make as much money from the clueless, if I were in their shoes, I’d do the same too. It is not their responsibility to teach you how to think.

TWoods:
We are having a silly back and forth. The government makes the laws... it really doesn’t matter a jot what a school tells you. It is your responsibility to know what the law says. Airlines fly you to the US daily and Disney wants your money too, regardless of what they say, it is your responsibility to know that you cannot simply choose to live in Florida forever on a visiting visa.

That is just plain facts... feel free twisting yourself into a pretzel in order to blame everyone but yourself for your own poor planning.

Besides, anyone who spends millions to obtain a masters in the UK gets no sympathy from me. You could have obtained the same degree for far less in the US or Canada... again it boils down to proper planning. I’ve spent enough time on these boards to realize that this is the fundamental problem of most Nigerians. We are basically lazy and shortsighted, preferring to rely on “favor” and “prayer” rather than a clear set of facts and logic.

TWoods:
So basically the problem isn’t the UK government. It is our own misplaced sense of entitlement. Anyone with half a brain would know that the government (not the school) makes immigration rules.

Jahdriel:
How do you think all these other guys got to where they are today? First, they all had one or two opportunities and they grab these opportunities with everything they've got. Alakija did the same, she was give an opportunity and she took it. You think the men you've mentioned made their wealth by simply doing their businesses the simple way! They all mingled and still mingling with governments. They excel on governments goodwill.

Why do you think Dangote was with Jonathan before election results were announced and few hours after Buhari was announced winner, he left Jonathan and went to sit with Buhari. Why has it been difficult for the US to pass any serious bill on gun control.

Whenever any government in US organizes bigtime election fund raisers what kind of people show up at these funds raisers? It's the likes of the ones you've mentioned above. Some them don't get oil wells or contracts from government, but go and check government policies as regards these people's businesses, for example Dangote and cement manufacturing in Nigeria. How do you think Alhaji got the license to start a private refinery?

When Oprah wias donating to Obama's campaigns, donated to Michelle's special projects she will not loud it now and u won't be there too, then when she wants to do an all access interview for the Obama's or even a documentary to be aired on O network with advertisers paying millions to get on board, then you people will start saying she's the only that can move such weight. The thing is some might get oil wells, some licenses, some goodwill, some favourable policies, etc. The fact and truth is, there's no $billionaire that does not make friends with government or got to where they are without ever making friends with government, how and what was at stake may be different. And you too my friend will do the same when or if u get to that point in life!

Icon4s:
I am glad you have an idea of where I am coming from.

But let me clear this, no government gave anybody any Oil Block as a gift!

Do you know why they are regarded as a gift? Because of the cost of acquiring those blocks as compared to the huge revenues later recovered from them. This thing you guy think are gifts were worth hundreds of millions in Dollars.

Prio to the discovery of huge fields like Agbami, Bonga and Erha, the deep offshore were no go areas. No business man would want to invest his money where they knew there were several limitations ranging from lack of available detailed Geological data to Lack of technical expertise and experience among others.

The government had to give out those offshore blocks to potential investors at a cheaper price compared to those onshore as an incentive to attract them towards it and then which in turn will boost our Oil reserves. Which is a win-win scenario.

Let's even say (as you guys think) she was given the block for free. Do you know the amount of Capital investment (CAPEX) that will go into such a block before you will get to the stage of Drilling the first well? What if after spending so much and then drill wells and the wells are dry? And you say she has nothing to lose? Do you know how much it costs to even drill wells offshore?

Please if we don't know about certain issues let's ask questions before making comments

Folorunsho Alakija's story cannot be beneficial to every entrepreneur. It is for only those that understand the nitty gritty of the Oil business.

I would like to sit with her and share from her success story on that Oil Block.

Toks2008:
I don't know why people are quoting her out of context.

From what I understand,she accepted a non functional well that has zero potential of profitability but having the faith that she will turn it around and that came to pass.

I don't know but this is my own idea of what she wrote.

hedonistic:
Stop spinning stupid lies to misinform and mislead the gullible public. Her husband, Modupe Alakija, is a Lawyer and NOT a geologist. He doesn't know zilch about the technicalities of oil prospecting or exploration, let alone be in a position to make any meaningful decision on such matters.

He is just a figurehead, if not, why is he merely the titular "chairman" of Famfa yet he doesn't own enough shares there to be a dollar billionaire? Why is Folorunsho the Forbes rated owner of the company and not him?

Icon4s:
She didn't say she accepted any Well. She accepted a block!

Wells are drilled after several Exploration activities, and several field development plans have been carried out.

It is a very tedious process that involves expertise, time and very importantly money.

Even that Kayode is just talking like an illiterate. Cos from his statement he doesn't know the difference between a Well and a block.

I believe the Woman's story. It takes Faith to accept a Green block when you are not sure whether you'll strike oil or not.

But what she didn't tell us the source of funding the project.

Odingo1:
If you give a mad man an oil well, he will become very rich, Alakija should just park one side.
She is just plucking money from the tree that bears money.

ggoldmine:
While others made their wealth by doing something spectacular; cc Warren Buffett, Bill Gates, Jeff Besos, Jack Ma, Aliko Dangote, Mark Zuckerberg, she made hers by faith!…doing something unembellished and still competing with these men. Well, it's for those that have regards for her wealth Coz I don't. She doesn't even deserve to be counted among the richest women in Africa, a title she didn't work for. Imagine comparing her with the likes of Oprah Winfrey…naa, she doesn't deserve it.

Omeokachie:
Police said they can't arrest herdsmen whose cattle invades the runway except for states where there is anti-grazing law.

What do they want the airport manager to do? Chase them with bare hands so the herdsmen can open fire on him?

IGP said anti-grazing law in Benue is the cause of the problem in that state.
Here a police commissioner says he will not intervene unless there is anti-grazing law.

Confusion everywhere you turn.

AutoJoshNG:
If you’ve been boasting that you’ll never buy a Nissan, this Navara will make you have a rethink. The company has hinted it to be the rival of the new Ford Ranger Raptor which we revealed to you earlier as seen HERE.. https://autojosh.com/2019-ford-ranger-raptor-introduced-210hp-turbodiesel/

The Nissan Navara is built on the same platform as the Mercedes-Benz X Class and will be introduced with a 2.3 litre four-cylinder diesel engine. However, a bigger V6 engine will be introduced eventually.


“If you would had asked me this question yesterday, I would have said this is not in our priority list. But if you are asking this question today, then I am saying this is an opportunity we would like to study”, Gupta said. “If we need to upgrade the tough and smart Navara to the sports grade, we can do it very easily. But the most important thing is which powertrain to adopt.”

This Nissan Navara Vs the usual Toyota Hilux we see on Nigerian roads. Which will you take home to your garage?

Don’t forget to like, rate and share.

https://autojosh.com/beautiful-nissan-navara-youve-ever-seen-photos/

ariesbull:
The Nigerians are such an innovative folks and the young ones are thinking of ways to better the country by being creative and innovative. This was demonstrated at THE PROJECT PITCH which is powered by the Nigerian Business Academy, held at the Protea Hotel Ikeja.

Incubation and innovations where brought to bare. One is the mobile clinic and other solutions where presented. The mobile mobile clinic where Nigerians would be exposed to medical services like the mobile clinic where dental services would be offered. The Start Up was requesting for 3.5 million which was raised and an investor promised to fund it.https://etimes.com.ng/expands-businesses-encourages-start-up-and-entrepreneurship-in-nigeria/

Akinwumi Omiyiga ,the founder of 247interns.com looked at human capacity solution and employment.

“What we do is to bridge the communication gap between interns and employers. With over 430 tertiary institutions , ours is to ensure that we have about thirty percent market share”

With two types of interns like the premium interns and free interns with the the hope of raising about 8.6 million naira angel investment.

Onyine Etuniro the founder of Prettyreen a start up that is focused on the food packaging industry . In her world she said that ” We are having a solution that is eco friendly startup that integrate creative designs in packaging solutions. What makes us different is that we are not like the mass printers…we have deployed enhanced Technology with high response time coupled with eco-friendly environment ”

Jessica Ifada from Repay Investment Nigeria discussed disruptive technology and how microcredit is such a big thing to start ups. She talks about how Repay.ng talks about microcredit to Nigeria. Having launched the back to school in January, This has made Nigerians pay school fees early. With machine learning and artificial intelligence, repay.ng is positioned to change the narrative in the Nigerian financial ecosystem.

Dipe Adediji, the founder of DigitalRig limited ,an ICT firm who was one of the pitchers. Finding business locations and addresses could be tricky in Nigeria, so with his solution, DigitalRig tries solve these problems. The issue of changing locations by businesses has been a major problem in the country and DigitalRig is brushing this with their innovative solutions.

“We are trying to showcase an information portal that allows the Nigerian company to showcase their solutions in a single information portal”, he said.https://etimes.com.ng/expands-businesses-encourages-start-up-and-entrepreneurship-in-nigeria/

Hilary Okoronkwo , an electronic payment expert said that their organisation is positioned to make gold as a medium of payment in Nigeria. The Karabars is meant to change the mode of payment in Nigeria.

“Digital currencies have come to stay and we must tell ourselves the truth” said Hilary.https://etimes.com.ng/expands-businesses-encourages-start-up-and-entrepreneurship-in-nigeria/

Various segment of the economy was touched. This has shown that people have been thinking out of box.

freeze001:
No farmer should be seen there. I hope the grazing cows and their herdsmen know to plant the grasses their cattle will eat in order to replenish supply, not after parasitically feeding on free grass they will look for farms to destroy again.

Aphrodite007:
Are you in Abuja? Let me take you out for a drink.

This is what I've been saying! If them born them well, let them include the caveat on the website that just 1% of international students work, lets see who will dash them money to cater to their citizens! I'm just tired of the senseless arguments gan!

You know the worst part for me? These defenders are people that I respect and used to follow gullibly but now that I see that I'm wiser than them on nairaland, I would start doubting everything they say! Just Imagine if I hadn't experienced this thing first hand, I would have out-rightly believed them, chai! mumu no good sha!

benjamytes:
No fears bro...The Range is in my Custody....2007 on belt.
Call me for inspection 08079783723
Also have a sharp LR3

Aphrodite007:
I studied IT love, and I had a powerful CV when applying, still i didn't get in because I needed sponsorship. I had two doctors as friends and they couldn't get in too. I had uncountable number of nurses as friends and only one got in. Engineering is the worst, UK citizens work as contractors in the engineering field, so if you are not an experienced top level engineering executive (probably with a PMP), you are wasting your time. So doing a degree in IT, Med and Engineering, will not guarantee a job until they realise there are no more EU people in the UK and then start smiling at us.

Those two defenders were conversant with the rules in the yester-years, we have been in the system between 2014 and 2017 and are testifying. if they don't want to upgrade their knowledge, that's fine- its completely their business.

TWoods:
This is silly dribble. Again let me explain - you are expressly told when applying for a visa, that it is temporary and that there are conditions attached to that visa. Anyone who can read can peruse the UK government websites where these conditions are spelled out in detail. To say that this thread is "meant to inform and educate" people who have already obtained a visa is basically an indictment on their own poor planning. I have never seen a situation where obtaining a student visa and paying millions for a masters degree automatically entitled you to a job and/or permanent residence in that country.

ItsMeAboki:
I often come across bigotry and insults from southerners here in NLand concerning how educationally backwards we in the north are; yet it is ironically becoming increasingly apparent that a lot of the so called educated are either intellectually lazy or lack basic comprehension - much in the same way as you have just displayed.

My friend go back to my post and read very carefully, this time even more slowly, especially the first and second paragraphs - I am sure by then you would appreciate that your analogy had already been addressed before hand.

For the sake of clarity; anyone standing in the middle of the highway in a manner that could potentially cause fatal accident, is already breaking the law by obstructing traffic and could furthermore be charged for endangering other ppl's lives.

I really don't understand why some ppl cannot understand such very clear simple worded written English.

justwise:
Distress and irritated? What loads of porkies! Direct that dribbles to people who invested millions and still jobless because they failed to do their home work before coming here to study

dangermouse:
Anti grazing laws or not,these herdsmen should be arrested for acts capable of causing loss of human lives and properties by blocking runways with their cows.