₦airaland Forum

mu2sa2:
Ok shall nlers consider sponsoring a petition to ntel, a private concern, to appoint one of the own young under 20s to head the company?

are you minding these young unintelligent fools calling themselves youth. The non-starters have not even seen that they fall flat on a scale of basic intelligence

chyket:
Very smart business move!!!!,the former Chairman Ayeni was recently sacked from Skye bank plc.He will very soon face CBN/AMMCON investigations.I guess this move of installing Gen Danjuma as Chairman will insulate the company from those enquiries given Gen Danjuma's military background and relationship with PMB.

1. I was wondering how long it will take me to get a simple intelligent analysis of the implication of this strategic move. Many at times you almost give up on NL.
2. @Chyket, spot on. I share your opinion. Tunde Ayeni had a carry over of GEJ' s govt's controversies, even his relationship to James Ibori will only complicate things for the company.
3. It is important tha Ntel starts off on a right foot, and get rid of all controversies. We despirately need to start grooming Local MNC and that will compete and outcompete the MTNs and the Etisalat of this world. As much as many may not like it, Ntel, Glo and Dangote's telecoms companies are our best shot for now

BarryX:
Inasmuch I despise Old men falling up themselves to still rule or control us such as the Buhari and TY examples

It was during GEJ that they sold NITEL to those oldies NATCOM

http://www.vanguardngr.com/2014/12/natcom-buys-nitel-m-tel-252m/

1. ......In addition, even though GEJ sold Ntel to one of his friends, and campaign donor https://www.nairaland.com/2056434/tunde-ayeni-donated-2b-naira/1 we should move on, Ntel is gone........
2. Besides, Ntel was becoming like a hydra-headed monster. Prior failed attempt at privatising it kept reducing the value

LMAyedun:
This is just a big shame on Buhari and his Gov't.

Shame on Buhari and his govt? You can't be this crude and ignorant!!!! When did board appointment of a private company become an FG issue?

herzern:
Buhari....Kinq of the North

This is ridiculous...........Are you guys this dumb ignorant?

todayboy:
Job for the northerners

Omenka and the afonjas oya make ona come support the slave master

Now I know that you guys are irredeemable illiterates. So appointment as Chairman of Ntel is marginalisation to you?

madridguy:
Chai, which way Nigeria?

Same people recycling themselves... God dey

This is a private business and not government appointment, ignorant!!!

LORDOFAFONJAS:
It is just pure greed that i see in all these old ani mals still ruling the country

Pure greed that he's a successful business man, whose clout Ntel wants to latch on, thus making him the Chairman? Bros, what is your problem?

Budget padding should be a criminal offence. Lawyers in the house, what say ye.....

Bolustic:
Same simpletons like the OP would tag the President a Dullard.

You for kuku say all the 1,000 naira notes are owned by Nnamdi Azikiwe's family.

Children that should concentrate on getting education are wasting away on NL. I wonder how someone can be crudely ignorant

Redoil:
dangote is having a rethink abov the refinary ish due to

.....and I guess Dangote told you this on his last trip to your house? Or was it after a recent tour guide he gave the Vice President, the Governor of Lagos among other dignitaries at the refinery? At times you people just exhaust my patience when I see some nonsense you spew......

Pavore9:
I mean are there no other resource we could expend our effort in. The government has not yet shown equal passion in Agriculture which accrues more benefits to Nigerians than oil.

Truth is, the government have shown enough passion in Agriculture, through the Federal Ministry of Agric. Reality is that these cannot be seen now as they need about 15-18months before you see the "fruits" of their commercial investments wholesome. But I will encourage you to follow the twitter handle - FmardNg

lordyugo:
am hoping u wr standing in the mirror nd pointing at urself wen u wrote this.

Actually. I condescended to your level of reasoning to pass the message across

DRCIC:
Lagos State has more hydrocarbon deposits than d entire north, but President Buhari will NEVER direct NNPC to intensify oil exploration there, where it can be explored in commercial quantity.

By the time this man is done dealing with this country, we Wil be 20years backward, a new terminology worse than third world country will be coined for Nigeria, but God in his infinite mercy will show Nigeria mercy as he did during d era of Abacha his brother

@DRCIC

1. Ok, you're beginning to sound totally ignorant
2. It is already been established that there is oil off-shore Lagos, what further exploration do you want NNPC to do? The next step is "commercial exploration & Production", where IOCs will bear the risk with profits. In fact the Oil blocks covering that areas has already been delieneated. That of Chad Basins is to open it up to investors (IOCs)
3. Have you people ever wondered that the government will still recoup their investment on the exploration costs when IOCs come in?

lordyugo:
amazing how u used the sentence " your postulations has little or no academic content and still said its logical to go to basins to find oil.
for someone who claims not to b ignorant should knw the logical thin is not finding oil but what commercial quantities can be explored.

Oh! What a classic reasoning!!!! You mean PMB will direct NNPC to explore for non-commercial quantity of Oil? Haba fear God with your purposeful twisted reasoning!!!!!

But sha, check my post up there and see some information I put.

My submission to you is that it is better to humbly learn when it comes to some things you know virtually nothing about

mesoprogress:
I have worked in oil field for 8+ years, a Petroleum geologist. I haven't worked in Chad basin but have spoken with professional colleagues, and seen the basin data myself. Seismic data suggest presence of hydrocarbon, actual exploration wells show presence of oil wet sands. Field architecture show possible oil migration to Chad republic side. Chad is already producing this oil and selling. There is possibility of finally getting extractable oil. Question is - what quantity, is it worth it? Is this purely a political move? To be frank with you, it's easier to get hydrocarbon in southern States - East, West, Niger delta than this misplaced priority. It's a waste

1. I have been in the industry for double the years you posted up there; just you know you're not talking to no novice.
2. Pls, do cut the chase on the bold and show me the certified report with which you came to this assertion
3. See some exerpts on - Exploration in the days of Diezani

"Mrs. Alison Madueke as saying that "Though it is too early to be categorical, there is a possibility that we may find oil in commercial quantity in the Chad Basin because of the discoveries of commercial hydrocarbon deposits in neighboring countries of Chad, Niger and Sudan which have similar structural settings with the Chad Basin. Therefore it is prudent to aggressively explore the Chad Basin for possible hydrocarbon deposits, ’’ the Minister stated." http://nnpcgroup.com/PublicRelations/NNPCinthenews/tabid/92/articleType/ArticleView/articleId/36/NNPC-Intensifies-Exploration-Activities-in-Chad-BasinTo-Acquire-33-550-sq-km-of-3-D-seismic-data-for-processingAs-Diezani-Alison-Madueke-calls-for-strengthening-of-Efforts.aspx

4. Now compare to Days of Kachikwu

“There are signs from the latest 3D seismic studies that oil may well be very close to being found now in Lake Chad after very many years of trials,” added group managing director Ibe Kachikwu.

Kachikwu, appointed in August to overhaul the state-run group, described the potential find as “very key” and indicated it would help access to crude in northern Nigeria.

“I am optimistic that by the end of the year we should be able to announce something major on this,” he was quoted as saying in an emailed statement on Sunday evening. http://guardian.ng/news/significant-oil-find-possible-in-lake-chad-basin-nigeria/

Summary
1. The exploration work is ungoing. The 3D had not been concluded. We may even decide to further do a 4D/5D Pseudo-Seismic studies to explore deeper sections to further confirm the findings
2. The exploration in the Chad-Basin at this stage is to establish reserves in commercial quantity. Shell has already made some discovery in the area......If NNPC makes further discovery, this can only logically lead to increased exploration by IOCs....then to final development.......what is the harm in this?

Okundaye4:
Oga Presido, this is how to diversify the economy, and not moving oil exploration from ND to chad basin.

That is how to diversify the economy? If so, the economy needs no further diversification, as any idiot can stand beside bags of rice and say I have diversified the economy.

Next time, try something sounder

xcolanto:
First thing that caught my attention I tell you!

NNDC= northern Nigerian development commission.

Also read of a proposed one yesterday named:

NEDC: north east development commission.

And yet people wonder why Buhari is accused of running a northern agenda??

And I can bet that, beyond the names you don't know zilch about the purposes the two development commision are the serve. Ignorance fuelled by crass bigotry is not only terrible, it terribly reduces comprehension capability

Bobbywallexino:
Mr President! Come and search for it in Ondo State or Badagiri in Lagos State

Does it make sense to search for oil where it has already been found?

Cmeo:
So many children here who doesn't understand that the oil exploration in the north is a food development as it would help increase Nigeria's asset/GDP and preserve southern nigeria's road deteriorating as a result of moving tankers while petroleum products will be available in the north as well thereby creating jobs there

Bros,

Quit trying to make sense to senseless idiots. they surely will not appreciate it. Let them wallow in their idiocy

afrika:
This man called buhari, with zero certificate behaves truely a dullard. His acts are shameful. He is preparing the North for the worse case senerio ... "Let's discover oil" ...[i][/i]who u eep!! Im don baff? Who u serve?.... Buhari is just not the right person. He still looks at naija with the[b] eye of 1984[/b]..... Same failure n reason why the power was snatched from him.

The same 84 that you were yet to be born?

emmasege:
Now we know why Kachikwu was removed as NNPC Boss. He obviously wasn't enthusiastic about exploring oil in the desert, hence his replacement. And somebody says NDA boys shouldn't be aggrieved and avenge.

Please quit the crap talk and keep to facts

“There are signs from the latest 3D seismic studies that oil may well be very close to being found now in Lake Chad after very many years of trials,” added group managing director Ibe Kachikwu.

Kachikwu, appointed in August to overhaul the state-run group, described the potential find as “very key” and indicated it would help access to crude in northern Nigeria.

“I am optimistic that by the end of the year we should be able to announce something major on this,” he was quoted as saying in an emailed statement on Sunday evening. http://guardian.ng/news/significant-oil-find-possible-in-lake-chad-basin-nigeria/

Vanillaskin:
I will never forget what mama Peace said about Presido and I quote "Old man wey no get brain, him brain don die pata-pata"
No be me talk am O
Presido taking us back to the stone age, even if they find the oil, who go buy
America is moving away from oil into renewable energy, green energy and electric cars, this one is here saying he wants to go look for oil in the north dry land
I beg no make me laugh

Little Sis,

1. Could your quoting Mama peace be indicative of your level of reasoning? I will advise you to finish your education, work for a year or two afterwards and reassess your statement. The gap between knowledge and your ignorance is like a gully erosion
2. It is easy to join the band wagon, but pause and think, If Oil is stone-age, why is Dangote building the biggest refinery touted to spin-off associated petro-chemical industry
3. America is moving away from Oil? you mean to Shale Oil? The last I checked, America with Shale Oil became the second largest Oil producer in the world second to Saudi Arabia in the last three years
4. Chad Basin is not a dry land - You see why it is dangerous for ones education not to be complete

Ofornaira:
I wander why he has been intensifying efforts in search of oil in the north since he assumed office. Too much money has been put into exploration of oil in the north and nothing has been found. Oil could be found in large quantity in the south west if he makes the same efforts ,but pmb will not intensify efforts to search for oil in Yoruba land which has more hydrocarbon deposits than the entire north.

Bros,

Your postulation has little or no academic content. Oil is found in traps in basins. It is only logical to go to basins to find oil. You lot are so ignorant in this

codemaniacs:
The farms are in the middle belt that's why they forced the name "north-central" on them..

The north doesn't have s:hit. Except mineral resources which they illegally extract.

Geology tells us that Oil are found in basins. Chad is a basin. So what's your point?

chukxie:
I don't see anything wrong with NNPC exploring for oil in the north considering the incessant bombing of oil pipelines in the south.

So pleased to meet the first rational mind on this topic

mesoprogress:
This is a misplaced priority. Based on architecture of Chad basin, most of the oil has migrated to modern day Chad republic. What we see in Nigeria side is oil shows, or rather oil wet sand. Even if they finally see extractable oil, it might not be in commercial /economic quantity. They could have used the massive exploration money for agricultural revolution in the north east, including processing facilities. This will generate income and employ a massive junk of their jobless population. To some extent will keep Islamic insurgency in check.

.....and you arrived at the bolded based on which exploration research report? Please do just throw words in the air and say assertively what you do not know.

Pavore9:
How can oil exploration be the focus of this government at this time and age? Our leaders are truly fixated on oil!

I do not really understand your drift in these two sentences of yours. If you know more about Oil and Gas, you will understand that you must explore in commensurate measure as you exploit. Failure to do the two simply means you're depleating and not replenishing, and as such expect a progressive decline in output.

Integrityfarms:
By the time APC finishes with Nigeria, we would be left with CHANGE!

And that is what we prayed for, continue to pray for and by God's grace will get

Stewwwpppppiiiiiidddddd Gurl!!!!!!! They've gotten her another man....simple

9ijaprince:
Nigeria the only country in the world where people gather every month and share what they never worked for...

Nigeria may not be, as evidenced by the current situation of Venezuela. Even most of the middle-East also have free money at their disposal. The difference is in the mentality. Nigeria's case is like someone that won a lottery, went to a beer parlour, blew it all and became worse off.