₦airaland Forum

Believeintruth:
This project is a rather stupid project and economically will make Nigeria lose. The Russian pipeline to Germany(which we are trying to model) allows Russia to supply gas to all the countries where the pipeline passes through and then to Germany. Asides that these countries are paid for the pipe passing through them. Where is the economic sense of passing a pipeline from Nigeria to Europe via Niger and Algeria, who are also oil and gas producing countries? In all logic they are also competitors to Nigeria. Also Nigeria will still pay them for the pipes passing their countries as well. Invariably we will be the losing party if this pipeline goes through. Unless it is the usual lies and propaganda the APC government is known for. Any reasonable Economist who means we'll for Nigeria will rather opt for an undersea pipeline from Nigeria to Morocco, linking Europe via Spain. But because of greed they want it to go through the north because in the PIB any pipeline or oil facility built anywhere makes that place a designated oil producing community. If it is through the sea to Morocco which is the best, it is Niger delta communities that would benefit not the north.

Lol... You guys are unbelievable! So you sit behind your computer and based on a 2-3 paragraph report you read, you think you now know more than enough to speak on the economic feasibility of a project that has been planned since the 70's? ...You think the people who concieved and planned the project 50 years ago, and the people who have decided to proceed on the project are fools that they didnt run an economic feasibility study before commencing the project?

You asked what's the benefit of passing a pipeline through Niger and Algeria because they're oil producng countries; what do you knw about oil and gas economics?... Do those countries have enough gas to meet up to 20% of Europe's demand?.... You say a subsea pipeline to Europe would be better; do you have the slightest clue how much a mile of subsea pipeline cost? Yet you want to alternatively run a subsea pipline which would be at least 3 time the length and at least 5 times the cost of an onshore pipeline, all because you don't want the pipeline running through the north of Nigeria or through Niger? What's really wrong with some of you? Why must you always allow emotions and ethnic/political sentiments drive every argument you make?

Stoplying:
So if you have a shop in which you sell biscuit and the demand is higher than the supply, you go and ask a competitor to come and share your shop with you ?
My friend, if demand is higher than supply then the price will keep growing until demand equals supply, it's great business to not invite a competitor to share your shop with you.
Plus any such pipeline will be at the mercy of mercenary/terrorist groups in Niger and Algeria.
And the amount of money you would need to give Algeria to make it worth it for Algeria to let you set shop in its country (as a competitor) would make the business not worth it to you. The only people who could gain from this are the Algerians and the Europeans.
This would provide an other reason for the EU to meddle in Nigerian politics...
And Russia will definitely find a way to destroy those pipelines (by the way, Algeria is an ally of Russia)...

There are other markets to sell gas, no need to try and stab Russia in the back for a few dollars or to "prove loyalty" to the west. Try and start thinking for your own interests and stop being a slave.

Lol... you just shot yourself with your own analogy.... If I sell biscuits and the demand is higher than the stock that I have, and I have a neighbour who has high stock but can't sell, the next most intelligent thing a businessman would do is to PARTNER with that his neighbour so that business can keep moving. There's no wisdom in fighting a person you should be partnering with for mutual benefit; the Algerian government is certainly not fighting with Nigeria on this one but is rather deeply vested in the project because they stand to gain from it too. Even Morocco that also has interconnector pipelines to Europe have been trying to partner with Nigeria to connect a pipeline through their country too.

Meanwhile, on your last statement; how exactly does Nigeria selling its gas to Europe for good income translate to us being slaves of the west? What does that even mean?... This is a project that has been planned since the 1970's, but why do I feel some of you just come up with these arguments because you feel a compulsion to oppose anything done by the government?

Gajagojo:
Your "education" is worse than useless. It is malevolent

What you have not learnt is That you are the one who is weird
You don't know nowt but fancy yourself an intellectual
A double tragedy

Be assured you know less than 10% what you think know
And you are calcified in your thinking

You think you know what money is that is where you should start because you have no clue.
You don't know and don't realize you don't but you believe you do.
Government creates "money" by fiat it is not a physical reality like the power on your phone battery.
If a country is huge with natural resources and a knowledge rich population it does not need FOREX
NOT NEEDING. forex does not mean ZERO FOREX or your silly hyperbole of becoming a pariah state
We are talking of selling gas
which you have no clue about the numbers
I told you
We get more forex in one year from diasporans than we get from gas in ten years
We would benefit more using that gas
At home than selling it for money the average Nigerian only hears about audio
International trade is a zero sum game and. It comes to balance of trade.
Having a positive or negative balance does not being a winner or loser.
It is more nuanced

Oga You win abeg!.... I have no arguments for a person who's ignorant on the importance of forex revenue.

Nolevel666:
Do you think it will be anymore affordable to the common Nigerian by that time?

We're talking natural gas, not LPG (cooking gas); but that's even by the way.

Nigeria earning more revenue translates to an improvement in the economy. If the economy improves, there will be more jobs and more money in the pocket of the 'common man'; purchasing power of the common man increases and so does his standard of living.

Gajagojo:
I

What is money? Forex?

You are out of your depth here
What you need to industrialize is knowledge not "money" which you have superficial understanding of
We have a knowledge deficit not a money deficit.
We have all the resources we need to industrialize in Africa what we lack is human capital with knowledge . We cannot build a hydroelectric plant by ourselves with all the money in the world today 2023
Fiat money is not a sine qua non
The dollar is not any more "money" than the Naira what makes the difference is what our people lack in knowledge .We can hardly build a 7 storey building without collapse
So we need to boost our knowledge
If we double our internal usage of gas every year in 10 years we will be doing fine without exporting to Europe

Okay thanks. I've learnt a few weird things from you today:
1. Nigeria doesnt need forex.
2. Nigeria doesnt need money to industrialise, we only need knowledge.

I guess you're right, my education is probably useless. You're actually smarter than every country in the world that seeks forex and keeps a forex reserve. As for Nigeria, if your fantastic ideas are adopted by the leadership of this country, we would surely survive without forex even if it means becoming a pariah state and even if the Naira drops to like N1million/$.

Ahh! And to add to that, we would use 'knowledge' and not money to develop our industries and critical infrastructure.

No further arguments!

Gajagojo:
Facts and figures not rant and polemic
We do not need forex from selling commodities
Rather we must focus only on products to which we add value
What do we need forex for simple question you are writing a Phd
We use forex for consumption mainly not production .
1. Petrol 2. Cars. 3. Wheat our top three imports.
That is not enough reason to build a pipeline to Europe


Gas is the cheapest source of energy and we do not make anything of significance from it net.
Rather we are locked in to forward contacts which favour the oil majors and their home country We make more from Diaspora remittances than anything else.
More from Diaspora remittances in nd year than gas in 10 years
The only way we can benefit from gas is to use it to industrialise

And how do you industrialise without money?.. where does the money to industrialise come from? By continuing with the burning of $25million worth of gas monthly in flares?

Anyway, I dont think I have it in me to argue with an economic 'genius' who believes countries like China, Japan, Germany, UK, Brazil, Korea and several others are foolish for scrambling for forex income.

Benwallt:
LP is a criminals entity

So says an APC scoundrel...

Babysho:
If we calm down, it's more than obvious that this oil thing is not the way forward short term. If we choose to diversify the economy, there are low hanging fruits in the areas of agriculture and security that'll ease the pressure on the populace directly.

I'd rather we borrow money to improve our agriculture to feed ourselves than to build pipes. No be who chop bellefull go dey build pipe.

A poor man thinks only of food and his belly. A rich man knows that if he develops his business and earns good money, he can buy anything he wants (including foods) with the money he has and he will never go hungry...

You say you'd rather borrow money and improve agriculture to feed instead of building a pipe. As for me, I would rather do both cos building that pipe would give me the money which can in-turn be used to improve agriculture, or even to quickly pay off the loan used to develop agriculture.... None of these projects is more or less important than the other and no sector has to suffer while we develop the others.

In otherwords, a developed agricultural sector can earn Nigeria billions of dollars, but that isnt a reason why Nigeria should abandon developing its export and local infrastructure for gas which can also earn the country billions of dollars.

Gajagojo:
Much needed forex? Please explain why forex is much needed . Needed for what ?
To buy what they make with our gas?
We spend nearly 3 billion USD importing plastics
Is that rational? Guess what our biggest imports are ? Petrol
How much exactly. Do you project we can earn

Please explain why the Naira cannot belong to that class of phenomena known as. FOREX
Please explain why if we have more than enough gas MOST Nigerians dont cook with gas
Please explain why other countries are not scrambling for NAIRA to buy our plastic,cement,fertiliser petrol etc
Explain why you have such low expectations of Nigeria

Do you know how many years of gas we have or you just have the nebulous notion of "more than enough"

you are out of your intellectual depth here

You operate by assumption not thinking

My thing is simple

Let us satisfy our own need first
We should use our gas to make those things they make in Germany that we import
Paper,glass,industrial chemicals,metals,plastics
To that extent we must recognise they are strategic competitors not allies
They do not transfer knowledge because They are smart
We should see gas as a strategic commodity not something to be exchanged for so called FOREX

Which you do not understand is their only has value because they are productive and our Naira will never have meaning if we are not courageous enough to sell whatever we sell in Naira
We do not need forex
That is an illusion
What we need is industrialisation

I'm out of my intellectual depth? ... I operate by assumption? ... Wow! ...and this is coming from a person who thinks that a struggling developing country doesn't need forex revenue.

Firstly you just claimed with so much confidence that a developing country like Nigeria doesnt need FOREX. The basis of your argument is that NIgeria should aim to be an exporting nation, not an importer. Are you aware that even China which is the biggest exporting nation in the world also needs forex? Are you aware that CHina, the biggest exporting nation in the world also has the largest forex reserve of any country on the planet which runs into trillions of dollars? By your logic, you must think the Chinese are fools for having such a massive reserve right?

Other powerful economies like the UK, France, Germany, Japan etc with far far bigger economies than yours also need forex earnings to meet relevant trade liabilities and to influence monetary policy, because no country is an economic island in isolation. But going by your level of intelligence these countries are also foolish for needing forex and for having substantial forex reserves right?

You argue that Nigeria, a struggling developing nation doesn't need forex and doesnt need foreign revenue; you also confidently posit that what Nigeria need is industrialisation. But how do you think industrialisation happens?

You sound like a person who's read too many fantasy economics comics and is now sunken into deep delusion; totally disconnected from reality. You think industries just grow like magic out of the ground like trees would sprout from the soil? Aren't you aware that money is needed for industrialisation? And where exactly would that money come from? You want to wake up one day and have an industrialised country overnight?

Kewtt:
More mumbojumbo

Obviously too advanced for your IQ level.

Benwallt:
Col chinyere a 70years old woman was shot and crippled in the Anambra during the so called election.

Who is getting erection over LP? A very ugly bride

Probably shot by some of the thugs, agberos and other nincompoops you guys unleashed on the streets to rig the election out of your fear of LP!

nedu666:
The writer is spreading news as if there is a first pipeline. Also i doubt algeria a gas exporting country will allow Nigeria pipeline pass thru it's country

Algeria exports gas to Europe, but the demand of gas is far more than Algeria can meet. Algeria would be very happy to receive Nigerian gas for onward export to Europe. It's good business!

Kewtt:
Pipe it across the country. Stop all the mumbo jumbo this is not Lagos State

Pipe it across which country? Which infrastructure does your country currently have that can utilise 200+ trillion cubic feet of gas? (even the US or China dont use that much gas). There's more than enough gas reserves in Nigeria for both local use and for export. If we dont have the local infrastructure to use the gas yet, there's nothing wrong with developing infrastructure to easily sell the gas internationally (where there's a high demand for it) to raise revenue, which in turn can be used to develop the local infrastructure.

Meanwhile what has Lagos got to do with what I just explained? What's your point?

Gajagojo:
No it is not

One will create jobs and a better life for our people
The other will make us slaves and create loot for a few people

The richest countries in the world are ranked in direct correlation to energy use.
We will never prosper from selling energy
The last 60 years should have taught us that
We can use our gas to make enough fertiliser for the whole of Africa

It is not possible for a country like Nigeria to prosper alone all the Africans at Libya heading for Europe will come to Nigeria if we prosper

Our energy should be piped to West Africa and no where else to make energy intensive products that Africa imports
Fertiliser
Glass
Cement
Paper
Steel

Imagine Africa crippled because of Ukraine war

Why are we in Africa still importing fertiliser

If Nigeria were to transform to a one product ,country namely fertiliser we will be rich and Our neighbours too

Interesting! We get all manner of diverse opinions on these public forums!

Firstly, can you please explain how Nigeria selling its gas to Europe to earn much needed forex revenue translates to 'enslaving Nigeria'?... While you're at it, are you suggesting that countries like Russia who sell gas to Europe are foolish slaves?


There are many ways to kill a rat. Whether Nigeria sells its gas internationally for forex revenue or whether we utilise it locally, both will result in an improvement in our economy. But the big question is, what is practical and more easily achievable for Nigeria under the current circumstances?

No doubts, if we can use the gas locally, it becomes more beneficial for our economy; but are you aware we need to first crawl before we walk?

1. Is Nigeria an industrialised nation?... NO, not yet!
2. Does Nigeria have the required infrastructure to locally utilise over 200+ trillion cubic feet of gas? Absolutely NO! --- even the US or China can't use up all that gas
3. Can Nigeria develop the necessary local infrastructure to utilise it's massive gas reserves overnight? NO!
4. Are you aware that money would be required to develop the local infrastructure?
5. Where would the money come from if we keep burning away the gas instead of selling it for now?

In summary, Nigeria has more than enough gas for local use and for export. At the moment, we dont have the infrastructure to utilise the gas locally, and it will take time and money to develop this infrastructure. So how is it a problem if Nigeria starts by exporting its gas?

FOJEM:
Na so!
Una no fit repair refineries for the past 10 years. Na to construct new pipeline to Europe we dey now
No wahala.

Because we no fit build refinery, so therefore we shouldnt export/sell our gas but rather continue to burn it away and destroy our environment?

Kewtt:
Lies. Unless you are an armed robber this economy is not for 90% of salary income earners in Nigeria

Kewtt:
See you. Professors and medical doctors are not finding it easy in this economy. E go soon touch you

So because professors and medical doctors aren't finding it easy in Nigeria's current economy, so therefore nothing should be done to improve Nigeria's economy because according to your logic, "it wouldn't benefit the ordinary man"?.... Sometimes if you don't have a clear understanding of a topic, the honourable thing to do is to either ask or just sit back and listen/read through comments, and perhaps you could learn a thing or 2.

Nigeria currently flares (burns away) up to 10 billion scf of natural gas monthly which roughly translates to $25 million lost monthly. Why do we flare the gas? Because we dont have the necessary infrastructure (pipelines) to either use the gas locally or sell it internationally. Nigeria also has over 200 trillion cubic feet of proven gas reserves just lying in the ground untapped, while the economy suffers.

In summary, many pipelines (and other infrastructure) need to be built to convert the wasted and fallowing gas to money. If Nigeria earns more money/forex, the economy improves. If the economy improves, it benefits everybody, including that "ordinary man" you talked about.

Gajagojo:
Our people perish for want of knowledge

Does every Nigerian have access to gas.
Why at last?
Have they piped gas to industries in Aba,Nnewi? When that happens we can say at last not celebrate putting our children's future in a pipe to Europe and our youths present at the same time

The more gas we USE the richer we will be. NOT the more we export

What do they use gas for in Europe is something every Nigerian kid must ask

If we don't ask that we deserve to be slaves for ever


Whatever they use gas for in Europe can we use it for the same in Nigeria Ghana Benin Cameroun.

Exporting gas is not foolish it is suicidal.

Whether the gas is exported to Europe or if it's piped to homes and industries within NIgeria, either way, it is still a welcome development and a step in the right direction away from flaring.

Kewtt:
Lies. Unless you are an armed robber this economy is not for 90% of salary income earners in Nigeria

Go and get yourself an education my friend.

Kewtt:
this doesn't put food on the table of ordinary Nigerians. The FG should embark on mass palliatives and autogas facilities provision enmasse


I hope endsars 2.0 is not loading

Anything that improves the economy indirectly puts food on the table of every Nigerian.



If Nigeria starts exporting more of those gases that it flares, it translates to more revenue/forex income for the country, a better value for the Naira, more jobs, more income for Nigerians, a reduction in environmental degradation in the Niger Delta etc.

Benwallt:
LP is nothing to APC. APC will only up their game against PDP. LP is a gathering of criminals, fugitive capital offenders on the run.

LP is nothing yet upon the mention of 'LP', all of you get an instant erection?!

LP is nothing but for the fear of LP, you unleash your army of thugs, agberos and nincompoops on the streets to attack peaceful voters 'who look responsible' cos you feared that educated and enlightened people would vote LP. LP is nothing indeed!

Bigkoko:
Who will give Order to the police, army, air force, Naval? Asiwaju in Bourdilion/Iragbiji? Or HE Godswill Akpabio? Eat Corn, get corn-fused! The game was over for Asiwaju the moment Akapbio became Senate President!

Who gave the order to the police, army, agberos, INEC officials etc during the 25th Feb and 18th March elections?

If another election holds, APC will unleash mindless electoral violence against any Nigerian who dares to vote LP; they wouldn't want to repeat their earlier mistake of underrating OBI again. What happened on the March 18 governorship elections would be child's play if the elections are repeated. I wouldn't even advise any of my family members or loved ones to go vote.

After reading the title, I opened this thread knowing that 90% of the readers wouldn't understand the report.

Workch:
LPG is has very low density, hence the calculation we have is 1kg of LPG contains 20.7megajoules of energy.
PMS is denser hence produced more energy per KG than LPG.

1 litre of PMS produces 31.5 megajoules of energy.

1 litre of fuel is 500
1kg of LPG is 550.
Fuel is still cheaper unless you have an explanation for energy efficiency with LPG cuberator.

The advantages of LPG is that it's neater and does form carbon deposit on carburetor and for those who want to be storing it for a long time, it doesn't degrade and evaporate from carburetor.
Most of us dont leave fuel in our generator for long hence petrol is still cheaper than LPG.

No need for the advanced megajoules and watt calculations. Several people have performed very practical comparisons and proven that at the current price of LPG and petrol, it cost less than half to run your gen on LPG than on petrol.

descarado:
I thought you were supporting yinubu after sitting on the fence for a while before the election.
What changed your mind?
Care to share?

I never supported Tinubu to be a president. Wouldn never have done that with a clean candidate like OBI on the ballot.

casualobserver:
I made the post, so it is not for you to determine what my argument is. I stated clearly all your lawyers are ibos. There are non yorubas on the list your posted.

In any event I am not engaging you further. The obi candidacy was an ethnic agenda and it has died an ethnic death like all ethnic presidential candidates in the history of Nigeria. No one has ever bec9me president of Nigeria without alliances outside his region with forces that matter. Not by pick8ng one nitwit Mauritanian nobody with no political base value or extinct 90 yr old ethnic leaders seeking their last public relevance before they die. Or thinking you can use religion to hoodwink people who in their existence have never cared about religion.

So because you deliberately chose to be blind to the Yoruba names in the list of LP lawyers, it automatically means "all LP lawyers are Igbo"?... Fake news is created by fools and believed (sometimes innocently) by people ignorant of the facts. But after a fake story has been debunked with evidence, it takes a chronically foolish person to still insist on believing and spreading it. You're actually dumber than I thought for still insisting on this pointless "Obi's lawyers are all Igbo" argument.
https://dubawa.org/peter-obis-legal-team-members-not-only-igbos-as-claimed-by-twitter-users/

Yes OBI's legal team is made up of majority Igbos, but there are clearly lawyers and SANs from other regions in that team, including Yorubas. Not as if it matters but if you want to lose sleep over the tribal make-up of Obi's personal lawyers, how come you've deliberately and dubiously blinded yourself to see a similar (and even worse scenario) in Tinubu's legal team where 9 (out of 12) are Yorubas and the remaining 3 are northerners?

ncoolsome:
So one must now apply federal character in defending a case??hope when on a sick bed a doctor comes to save u,u wld ask his state or when being robbed u will ask the state of the police,why not go and use federal character at the fuel station...mtcheeeww

I think you should ask the fellow you quoted to show us the List of Tinubu/APC lawyers.

casualobserver:
You claim you a National election, yet you cannot present lawyers from other tribes.

Such a lame attempt at derailing the argument! What's the relevance of the tribe of OBI's personal lawyers to the merits of the case?

If you dont want to support OBI cos of the tribe of his lawyers, feel free to support whoever you want; but stop irritating us with your myopic tribal reasoning.

By the way, if we all choose to be unfortunate by discussing tribe of lawyers, what do you have to say about Tinubu who 9 out his 12 man defense team are from the south west and the remaining 3 from the north?

Sharpsharp00123:
y is only her result different?
Y is she holding d same prototype of 2021 result?
Jamb n Airtel made it clear she checked her result 5 times n the same 249 was sent to her 5 times n they have even printed d same 249 result

So tell me how it is jamb’s fault?

Jamb has challenged her n even given her a 3 years suspension with enough evidence let her present her own

If u claim it’s Igbo victimization don’t forget d main highest scorer is Igbo too so

What's the meaning of Igbo victimisation? Can we focus on real issues here please!

To clarify your point, her result isnt the only one with irregularities; several others have reported irregularities too...

There might be many foolish people out there, but how can one be so foolish to intentionally falsify their results and award themselves the highest score?

In my opinion, if this girl really and truly forged her result, she wouldn't be bold enough to come on air to defend herself with a video. And if JAMB is so sure the result isn't correct, then it must be a case of a glitch in their system (which is actually very rampant).

WorldRichest:
EU should come and prove that at the Tribunal

They dont need to do that; they've already dropped their report which already provides the evidence to support their conclusion. It's now left for the black man courts to do what it pleases with the report.

In reality, who even needs the EU to tell us about what we all saw by ourselves?

muykem:
Peter Obi is a fraud. God can't be mocked.

What's the fraud in showing himself to large gatherings of potential voters? What's illegal about that?