₦airaland Forum

Believeintruth:
calculate the total distance and add it to the trans saharan pipeline and please add all the branches of the pipeline, you must be a fool and your parents must have regretted birthing a cretin like you

Kaii... Weyrey still has the confidence to come spew more trash without shame...

You win abeg; I dey office!

Still amazes me how such an intelligent man just chose to destroy his legacy with useless bigotry!

Believeintruth:
Again you are liar spain is very far from Algeria the closest european country to Algeria is France. You really don't know how to Lie. Again with the morocco pipe route you put to spain are you now lying that there is no pipeline from Morocco to Spain via Gibraltar?
Oga i think you are the one with a low IQ and you are an embarassment to your parents that sent you to school.

Ahh, I didnt even see the bomb you dropped here. So you have active internet connection to type these comments here, but you couldn't simply check your map to see which European country is closest to Algeria before you rushed to type this rubbish? .... Chaii !!

And by the way, the over 4000 km Trans-Saharan Gas Pipeline runs from Warri Nigeria to the Hassi R'Mel gas hub in Algeria; it does not extend to Spain because there are already several existing interconnector pipelines from Algeria to Spain. Likewise the 7000 km pipeline to Morocco will terminate at Morocco (it doesnt need to extend to Spain cos interconnector pipelines already exist between Morocco and Spain).

If after taking a look at the images below, you still come back to embarass yourself, then e no go beta for the ritualist and jazzman wey use your brain like this!

https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/natural-gas/062122-algeria-niger-nigeria-pledge-acceleration-of-work-on-trans-saharan-gas-link

Believeintruth:
You think you can manipulate me to insult you, it is your parents that are ashamed and embarassed with how useless you have become. You want to be a mischievious person, you only ended the diagram of the Tran Sahara pipeline in Algeria, but you continued to Spain for the Nigeria to Morocco pipeline to sell and agenda. I dare you to show us the extension of the pipeline from Tamnaraset to Europe. You are not smart at all.

Believeintruth:
Again you are liar spain is very far from Algeria the closest european country to Algeria is France. You really don't know how to Lie. Again with the morocco pipe route you put to spain are you now lying that there is no pipeline from Morocco to Spain via Gibraltar?
Oga i think you are the one with a low IQ and you are an embarassment to your parents that sent you to school.

My apologies for insulting you; but you know it's really difficult educating people who appear to have learning difficulties; moreso when the inability to learn is intentionally driven by sentiments.

I've given up on your inability to apply common sense. If you still want to stubbornly insist that a curved route is 3 times shorter than a straight line route, then be my guest and keep embarrassing youself.

I will drop this here just for the benefit of others reading through this thread who may genuinely seek info (not for people who just want to argue blindly). The entire length of the Nigeria-Morocco Gas Pipeline (NMGP) is about 7000 km, not 1500 km as you claim; there's no way a circular route will be shorter than a straight line.

https://www.premiumtimesng.com/business/business-news/554358-what-the-nigeria-morocco-gas-pipeline-project-will-do-for-africa-mele-kyari.html

Believeintruth:
Oga did you read the links or you just want to play propaganda. Oga stop trying to be dense I repeat stop this stupid games. The Nigeria Morocco pipeline is still the most profitable. You failed to add that there is already an existing pipeline to Ghana supplying gas so the pipeline to Morocco will continue from Ghana. Hence the short distance and the savings. Oga you think you are smart in lying. Dude try and have sense and stop being dense. Again you mischievously stopped the pipeline map at Algeria but continually drew the Morocco pipeline to Spain. Oga stop the manipulative games it doesn't work the profitable pipeline is the Morocco pipeline as it will tap from the West African gas pipeline and Nigeria will still make money as the principal gas supplier for the whole of West Africa. All the way to Morocco. The EU will have to send a trunk line to Morocco from Spain to Gibraltar. Oga stop playing mischief abeg

Chaii... the only people I pity are the people who worked their asses out to send you to school.

So after you saw that map I posted, your brain still believes that a straight pipeline to Algeria is almost 3 times the length of a curved pipeline to Morocco? All because you saw it in a LINK? So at your age you cannot apply common sense because you saw something in a LINK? So if a LINK tells you the distance from Lagos to Newyork is 100 km, you no fit apply common sense judgement?

You say the pipeline stops at Algeria; YES the TSGP will stop at Algeria cos there's already an existing interconnector pipeline from Algeria to Spain. Same with Morocco, yes there's an existing pipeline up to Ghana already; but looking at that map illustration, if you still think a pipeline from Ghana to Algeria is almost 3 times shorter than one from Nigeria straight to Algeria, then there's really a problem with your IQ.

Believeintruth:
Oga stop being dense. It is shorter by running a substantial pipeline from Warri to Morocco. And by the way it is not 6000km make u take am easy to lie. I have busted your lies that is why you are pained. Try and have sense abeg, stop defending rubbish policies.

Believeintruth:
To dispel your lies read this below.

https://www.offshore-technology.com/news/morocco-pipeline-nigerian-gas/#:~:text=Morocco%20is%20planning%20to%20build,countries%20and%20extending%20to%20Europe.

The distance is less than 2000km about 1500km approx.

Believeintruth:
When you want to lie,please lie with finesse stop making yourself appear ridiculous. Nigeria to Morocco pipeline with a spur yo Spain via Gibraltar is 1500km approx. But the transaharan pipeline is 4128km even the cost outlay is not economically smart. That was why it was never revived until daddy Bubu signed the PIB for dubious reasons.

Oga take a look at the image below... So if someone comes to you and tells you the Trans-Saharan Gas Pipeline (TSGP) is 4128km and that the Nigeria Morocco Gas Pipeline (NMGP) is 1500km, you will just swallow that without applying any wisdom or common sense? ... So you think a pipeline which runs through the entire coast from west to northern Africa is shorter than a pipeline which literally goes straight from point-to-point? ...And with this level of reasoning, you think I'm the one who's dense? Kaii!

Poverty mentality and illiteracy are the only reasons anyone with a brain would call out a man who's diligently earning a living for himself.

Believeintruth:
Oga stop trying to use imaginary sentiments to gaslight me. My point is clear on this, from an economic standpoint and business strategic standpoint, the project is a very stupid idea. I would rather opt for the subsea route, where countries like Senegal, Gambia and Cote d'ivorie can tap from that pipeline and we will make additional money from supplying gas and control the supply in West Africa beyond Ghana, all the way to Europe via Spain, Morocco corridor. It is shorter and less risky to disruptions from Tuareg rebels and islamists in the Sahel region.

Lol... Subsea pipeline route is shorter than an onshore route? ...The kind of things we deal with on Nairaland!

Longest subsea pipeline ever built is roughly 1200km... but you want a poor Nigeria to break a GWR by building an over 6000km subsea pipeline with money plucked from trees? The people who did feasibility studies and chose the more practical and achievable onshore route must all be idiots indeed! Perhaps we should borrow from 3 future generations to achieve this feat...

Believeintruth:
Dude shut up please. You are just playing propaganda here and your eye service stinks. The trans Sahara pipeline concept was designed in the Buhari administration even if past administrations muted the idea. But even at that it still remained a pipe dream because of the issue of how countries will tax for gas that passes through the pipeline as it charts through their countries.
Once agains just shut up abeg

Oga I wouldnt waste more precious time arguing with an ignorant person who thinks the Trans Saharan Gas Pipeline was a project conceived by Buhari. Your criticism of the project is obviously from a sentimental angle - "it is a Buhari project so therefore i must criticise it".

No further comments from me!

Believeintruth:
Dude you are really living in dreamland and you really don't understand the game France has against Nigeria. You think France will allow Niger and Algeria partner with Nigeria for that pipeline, you ate really a joker walahi. Well in your heart you know the truth, but in your quest to deceive people in this forum to justify your propaganda fees you will still say otherwise. Buhari conceived this project as far back as 2017 but up until now it has not been fully implemented, do you know why? It is the same issue I highlighted, the fees Nigeria will pay per cubic ft of gas supplied through the pipeline that will pass through Algeria and there's Niger who will also charge per cubic ft and these would be added to the total selling price for Nigerian gas. So in terms of competitive advantage whose gas will be cheaper? And mind you we still have a large domestic gas market for energy which will need to be satisfied so definitely we will be stretched. So it is a no brainer going through the north. Leave ethnic sentiments and cheap propaganda politics aside the move is not feasible economically and we will lose out so much in this. The person who will make so much from that pipeline is Algeria.

Propaganda fee? Who's paying that? You think everybody you meet online is hungry for the pitance you guys get from selling your conscience online?

You're not more knowledgeable than the people who conceived the idea of this pipeline over 50 years ago (probably before you were born). The fact that you think the Trans saharan Gas pipeline was conceived by Buhari in 2017 just confirms my suspicion that you're largely ignorant on the matter being discussed. You're just making emotional arguments because you hate the govt and feel a compulsion to oppose anything you think the govt does.

A friendly advice - Quit commenting on topics you have no clue about.

Stoplying:
I won't debate anybody in this forum anymore, most people on this website do not obey logic, I'm done with wasting my time trying to bring people back to sanity.

But the logic you tried to bring up was flawed wasnt it?

You have a shop in which you sell biscuits. The demand is higher than what you can supply. You have a neighbour who has excess in stock, but doesnt know how to sell it. As a businessmen, what will you do?

Would you look for a way to pull down and destroy your neighbour's business, or will you find a way to partner with them for mutual benefit?... Unfortunately a lot of people think 'pulling down the next person' is a meaningful business strategy.

Believeintruth:
Oga I hate people like you that want to spin every lie to satisfy your view. You want to use my comment where I quoted justice Oputa to gaslight me whereas it is your malicious deliberate attempt to deceive the people is what I am saying. No reasonable government that wants to consider economic and energy security will take the northern route, because apart from the fact that the countries in that route are competitors that would be at a better advantage than us, mind you Algeria and France are allies and would use these countries to ring fence us to get cheap gas, while we sell at a very low value in the market, this is one aspect you have refused to see. Again that pipe at the northern route which is situated in a very insecure and unstable Sahel region is a very bad idea. First of all that area has rebels that are heavily armed by foreign powers who would love to take out that pipeline to influence policy against us.
Again you are talking about cost of subsea pipeline. Even if you add the opportunity cost of using the subsea option to Morocco as against the northern route, it is the best option because adding the costs would still make us have a price that is fair to Europe for gad sales.
Again you have failed to think deeply to see this option. You are busy talking about the propaganda of creating new jobs. If the pipeline is not profitable these benefits are meaningless.

Oga what are you on about? Who am I trying to deceive with my opinion? My views are strictly what I believe is most pragmatic and best for a poor developing country like Nigeria. My views aren't influenced by any ethnic, tribal or political sentiments; but rather are driven purely by a desire to see an improved economy. Irrespective of who the president is, I would applaud whatever I think is a good develpment without nonsense sentiments.

Regarding the profitability of the pipeline, kindly leave that economic decision for experienced and knowledgeable experts who are exposed to better info and relevant data to make those calls. The people who did the economic feasibility studies on the trans-saharan gas pipeline aren't fools like you think.

Returning to your "Algeria is our competitor" obsession; Algeria has a massive gas reserve, but they still cant meet European demand. Algeria is more than happy to partner with Nigeria in the gas business because a mutual partnership benefits them more than mutual enmity. You say Algeria is an ally of France; but France will not be stupid enough to sabotage it's own gas supply; they would rather bomb Algeria than have them as a stumbling block to European gas supply. Algeria is happy to have the trans-saharan gas pipeline routed through their country because they will be getting some revenue from it. Even Morocco is scheming night and day trying to make deals for Nigeria to route a pipeline through their country for similar economic gain, but you're here postulating that Algeria would block the pipeline? Your assumptions are patently wrong!

Believeintruth:
Again you are not a smart person to see that Nigeria will have to charge more per cubit feet of gas that they will pump via these countries to Europe. Why because they will pay these countries for the gas passing through theor countries per cubic feet. In an economic sense the pricing for Nigeria's gas coming from that pipeline will not be competitive at all.
The cheapest option which will guarantee maximum returns is from Bayelsa or Warri coastline to Morocco then to Spain via Gibraltar. The cost out lay is cheaper and we will get maximum value. Mind you the pipe like goes from Kano, through Agadez and Tamnaraset in Algeria then to Europe. Agadez to Tamnaraset are rough spots for ISWAP, Boko Haram and Tuareg rebels that pipe will always be attacked on a regular especially by extremists who seek to cripple a country's economic base.
That is why Late Justic Oputa said Nigerians are incapable of deep thought. You just confirmed it, all because you want to defend a stupid agenda from the government.

Justice Oputa was actually right, a lot of Nigerians are incapable of deep thought, that explains why you only view the viability of a subsea pipeline only from the 'potentially higher profit' point of view, but appear to be blind to the prohibitive capital costs, despite all my explanations.

Again I ask, do you know how much it cost to build a mile of subsea pipeline?... The longest subsea pipeline in the world is just over 1200 km long, but somehow you think NIgeria can pull off a 6000+ km subsea pipeline to Europe? Where will the money come from?

You keep repeating that Nigeria would pay for passing a pipeline through other countries; you think the people who worked the economic feasibility of the project are fools that they didnt factor the royalties/rent into the operational cost of the pipeline? ...

And then again, there's a need to develop local infrastructure (pipelines) for gas utilisation within Nigeria. So what is wrong if we build a gas pipeline that passes northern Nigeria?

From your last statement it's obvious that your anti-government sentiments is clouding your objectivity! ...Quit dropping opinions on subjects you're ignorant about all because you feel a compulsion to criticise and rubbish everything done by government. This project has been in the books for a very long time (possibly before you were even born); it is definitely a welcome development!

Babysho:
Obviously, doing both would be great! But it’ll cost a lot to do both. In the event where we had to pick one (which was our initial argument), your opinion was suggesting oil and pipes over agriculture and I strongly disagreed.

I don't have to pick one when i can do both. The big question is, of the 2 choices, which of them can pay off it's loan faster?... Nigeria already has pure natural gas which is currently being burnt away as flares. Nigeria currently burns away almost $1billion in gas annually which can pretty quickly be trapped as revenue... Developing agriculture is important, but I don't believe it's a good enough reason to abandon otehr viable income earners.

Babysho:
lol you don’t even understand the philosophy behind your last paragraph and you keep bringing it up. A wealthy man is one that can feed his family that they even get fat. We in Nigeria are not wealthy yet. Tell me a country that is top ten in the world THAT HAS ARABLE LAND and doesn’t invest heavily in agriculture. USA, China, Russia even India are top producers. 54% of the land in Netherlands is used for agriculture despite having gas and it’s only natural according to evolution. Africa is starving because African countries with the arable land are digging the soil for everything but food.

The foundation of your argument is very questionable and like I said it’s a selfish worldview based on capitalist ejaculations.

Those countries you mention will never abandon a readily available income generator like gas in their quest for developing agriculture. Agriculture is important, but again and again, that is not a reason you shouldn't grab other low hanging fruits.... Those countries will gladly use the money generated from the gas to develop their agricultural sector, they wouldn't abandon oil and gas in search of food!

Babysho:
I take it that you don’t read books on human evolution and Africa as well is why you think building a pipe is the same as food. All I see you say is earn earn earn, be selfish and that was the epoch of capitalism in this world.

If you have oil and pipes and I have food, I can inflate the price of my food so it appears like food that grows on its own in all lands and oil that is a luxury that requires several processes are of the same value. To buy my food, you therefore, have to reduce the value of your oil to shitttt to meet your food needs.

I really hope people like you do not aspire to be leaders in the near future because you don’t read the important African books only those “How to be a millionaire in 5 days” books.

No lets try that again cos your analogy is flawed.

You have FOOD only, while I have OIL and GAS and FOOD. Kindly explain to me how you'd inflate the price of your food to me when I also have food?

Like I said in my previous post, a poor man thinks of only his next meal, while a wealthy person thinks of how to sustain the next generation. A poor man thinks of hiw to grow food to feed his family, a rich mind thinks beyond just food.

Gajagojo:
Shut up

Gajagojo:
You are ignorant of your ignorance
Why is the Naira not part of. "forex"
Selling gas to Europe will not help Nigeria
We get more forex from Diaspora Nigerians in one year than we do from gas in 10 years
We need to use gas in Nigeria at the same levell or higherl than those countries that buy our gas. EVEN BANGLADESH uses more gas than us.
we should Not invest in selling more to them while our people cut down trees to use as cooking fuel

Genius I hear you... Nigeria does not need forex! Die the matter abeg!

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?