₦airaland Forum

FreshFarmAgro:
Stop being misled by hypes

1. NNPC had always declared that oil had always been in the north, just not in commercially viable quantities.

Nigerians and over-senstionalism. This over-sensationalism began with fraudulent NNPC, FG and then the chief culprit Buhari himself.


Allow me demystify the labyrinth and open you guy's understanding. Yes, oil discovery in the north is fantastic. But, then, a refinery is been developed to refine and process the crude ol at a refining capacity of 120,000 Barrels per day.

2. Now, note, the entire crude oil in the " basin " or should i say territory is One Billion Barrels.


Let's do some maths to find out why NNPC/Buhari and the so called elites masquarading a little thing as though a big deal are nothing but sun-scorched urchins.


When you develop One billion ( The entire crude in the reserve basin ) by the quantity of refining capacity of the refinery per day, we have

One Billion/120,000 per day. This figure leaves us with 8,334 Days

Converted to years, this leaves us with a figure of approximately 23 years


I mean is Buhari and NNPC mad to make so much fanfare over nothing ? angry

I'm disgusted that our so-called southern elites never saw this lie. Anyways, thank God for me sha. We truth sayers see everything



Oil discovery in the north is good no doubt, but the fanfare is undeserving please


To prove the clumsyness of the project. Educate yourself on the exploration costs, cost of setting up the refinery and all the expenses on it and maintenance for the 23 years, you'd realize you were all scammed because you lots ached for lies. This is glorious unprofitablity and colossal misinformation.



Cc : Racoon

SarkinYarki

Nice critiquing though without substance.

1. There has always been oil in the north, in commercial quantity. If you read the article with an open mind, you would have seen where he talked about oil in the region of 19b barrels, which is almost half of what the delta region boasts of, including deep offshore wells.

2. The oil been talked about in the inland basins as at this time is still prospect, meaning more oil could be found. Besides, the chad basin is also been explored and other parts of the Benue trough so building a refinery is not bad decision, if oil exploration continues, more refineries may even be needed.

VULCAN:
Something must be wrong with some of you!

Simon wrote this piece as if the Oil that is found in the North belongs to the North.

Even the title of the message is whack.

"Now that the North has found oil."

Not now that Nigeria has found oil in its Northern part.

So the Oil that has been carrying Nigeria for 50yrs that was found in the South is Nigerian oil but now that it's time to tap that found in the North it has become Northern oil.

It's a pity that the Yoruba Nation has developed a slave mentality to the North.

That mentality appears to have always been there but Tinubu boosted it out of proportion.

So Simon acknowledges that the South is a second class citizen in this political arrangement

The Yoruba's have been licking the balls of the Talakawas for more than 100 years. The slave mentality has always been there.

Raheeqilmaktoom:
Nice critiquing though without substance.

1. There has always been oil in the north, in commercial quantity. If you read the article with an open mind, you would have seen where he talked about oil in the region of 19b barrels, which is almost half of what the delta region boasts of, including deep offshore wells.

2. The oil been talked about in the inland basins as at this time is still prospect, meaning more oil could be found. Besides, the chad basin is also been explored and other parts of the Benue trough so building a refinery is not bad decision, if oil exploration continues, more refineries may even be needed.

The oil reserve is reported to be 1 Billion barrels. You do your reading before you begin an islamic crusade to justify your emotions oga

ContinuousTortu:
Like really?

If the South have enough lands to farm, store and sell produce in large quantities, the North are doomed!

North has been doom that's why the Br:itish joined north and south Nigeria together in 1914 because the North always had deficit balance of trade.

mecuries:
now that the north has found oil? I'm not trying to be a pessimist but there would be increment of food price, why? lands in that region wouldn't be fertile anymore,with the new found wealth,most Northerners wouldn't even bother farming anymore....all regions always complemented each other and now APC has altered that balance

Seriously?

So, literally the north should stay as a peasant farming region whose youth are condemned to always wait for the south before any economic uplift? And then take the insult of being a parasite even when they have the same resources and even more than the south?

Some of you guys are beyond pathetic.

Franking:
Can we now seperate?

yes

ItsTutsi:
Can youh elaborate in this "The detail that has been lost in the conspiracy theories, though, is that it will still take years for oil production to start in Kolmani, so the issue of derivation payment does not arise yet."

Why will it take long for production to start if Oil has been found?

My opinion, uptill this moment, those places are termed OPL, oil is still being sought, the license has to be converted to OML and then put the necessary infrastructure in place. The oil won't be transported outright, the plan is for a refinery, a gas plant, power plant and gas plant, this may take more than a decade for everything to fall in place depending on the seriousness of people overseeing it.

Though with PIA, the road is a bit clear for investors now and there is more room for NNPC and NUPRC to oversee investment and regulate properly.

The north needs to now double down on such projects especially this one, and give room for private investors to come in, if they keep on waiting for nnpc it may take years and may even become a political tool( do small investments overtime and negotiate completion of a part on political patronage), and this is where Atiku comes in, liberalize the O&G sector so that private investors can put in money and grow things at astronomical rates.

Quintopia:
Let them recolonise your father's house.

Leave Nigeria out of your madness.

Stupid slave.

Nigerian leaders not doing well enough? Okay so let's hand the country back to foreigners whose VERY REASON FOR COLONISATION is to LOOT our resources.

That is the fundamental motive for all colonisation throughout history. To LOOT the resources of the colonised territory, to enrich the coloniser's country.

That is what you are calling for as a solution to our problems?

I mean, the way some of you reason is just baffling.

The colonizer is still colonising Nigeria economically, perhaps unknown to you.

Franking:
Can we now seperate?

Separate?
Black men in Nigeria have no head to understand that even if we bring all the oil in Kuwait, Libya, Saudi Arabia to Nigeria, the country Nigeria cannot thrive, because Nigeria is like bringing Israel, Syria, Greece, Bulgaria and Turkey together as one country. In Europe that created African countries, hardly any European country is of more than one ethno-religious group.

FreshFarmAgro:
The oil reserve is reported to be 1 Billion barrels. You do your reading before you begin an islamic crusade to justify your emotions oga

Go through reports of all technical persons, from NNPC GMD and project overseers, what they say is 1 billion barrels with prospect of more find.

Assuming there is 1 barrels, exploration is continuing in the same basin, Adamawa and chad basins which are still very near, so building of refinery is justified.

codemaniacs:
North has been doom that's why the Br:itish joined north and south Nigeria together in 1914 because the North always had deficit balance of trade.

Kano was commerce centre for like 300 years before ty British berthed on the shores of Nigeria. The trans sahara trade route made Kano and other northern towns commercial centres.

Raheeqilmaktoom:
Go through reports of all technical persons, from NNPC GMD and project overseers, what they say is 1 billion barrels with prospect of more find.

Assuming there is 1 barrels, exploration is continuing in the same basin, Adamawa and chad basins which are still very near, so building of refinery is justified.

Oga, stop arguing with noon-factual reports


Oil had been in north from time immermorial but not in good quantity


They blew up close to a trillion on this because it's not nothern money. When nigeria splits, they wont do such


Stop arguing on concerns bigger than you

Raheeqilmaktoom:
Kano was commerce centre for like 300 years before ty British berthed on the shores of Nigeria. The trans sahara trade route made Kano and other northern towns commercial centres.

That's the story your people told you.. if there ever was any commerce center in the entire North then the b:ritish would have developed that section of the North.

There was never ever a "trans Sahara trade route".. any story that talks about such is a scam and fake.

FreshFarmAgro:
Oga, stop arguing with noon-factual reports


1. Oil had been in north from time immermorial but not in good quantity


They blew up close to a trillion on this because it's not nothern money. When nigeria splits, they wont do such


Stop arguing on concerns bigger than you

1. Any reference?

Telling me stop arguing with facts when I provide you references and then going ahead to provide your own facts from your mind. Lol.

You are consumed by envy and jealousy, part of the team that believe the north should not have oil.

Saudi, the biggest exporter of oil in the world is a desert, Chad and Niger have been exporters of crude for over 2 decades and they are arid and desert places, yet the north should not have oil because na your papa dey dash am?

codemaniacs:
That's the story your people told you.. if there ever was any commerce center in the entire North then the b:ritish would have developed that section of the North.

There was never ever a "trans Sahara trade route".. any story that talks about such is a scam and fake.

Says someone who has no history, the British found you guys living a lil different than animals and you have the effontry to think everyone had your reality?

I understand its difficult for you to accept that the north you love to hate was a commercial centre and was engaging in diplomatic missions as far as Arab world before you knew to even go beyond your forests you think were the demarcation between the world and the afterlife.

Raheeqilmaktoom:
Says someone who has no history, the British found you guys living a lil different than animals and you have the effontry to think everyone had your reality?

I understand its difficult for you to accept that the north you love to hate was a commercial centre and was engaging in diplomatic missions as far as Arab world before you knew to even go beyond your forests you think were the demarcation between the world and the afterlife.

North was not doing anything don't let fake stories fool you.

If north had the things you claim then they wouldn't have negative balance of trade every year.

Quintopia:
The south is not a single entity.

Speak for your ethnic group and nobody else.

face ur region, leave the south

codemaniacs:
North was not doing anything don't let fake stories fool you.

If north had the things you claim then they wouldn't have negative balance of trade every year.

Negative balance oft trade from which year to which?

Trying too hard to appear intelligent but showing yourself to be the butt of jokes.

Then I don't see the hype behind it if according to what you said is true, it could be another white elephant project for politicking.. it will probably be abandoned

Raheeqilmaktoom:
My opinion, uptill this moment, those places are termed OPL, oil is still being sought, the license has to be converted to OML and then put the necessary infrastructure in place. The oil won't be transported outright, the plan is for a refinery, a gas plant, power plant and gas plant, this may take more than a decade for everything to fall in place depending on the seriousness of people overseeing it.

Though with PIA, the road is a bit clear for investors now and there is more room for NNPC and NUPRC to oversee investment and regulate properly.

The north needs to now double down on such projects especially this one, and give room for private investors to come in, if they keep on waiting for nnpc it may take years and may even become a political tool( do small investments overtime and negotiate completion of a part on political patronage), and this is where Atiku comes in, liberalize the O&G sector so that private investors can put in money and grow things at astronomical rates.

ItsTutsi:
Then I don't see the hype behind it if according to what you said is true, it could be another white elephant project for politicking.. it will probably be abandoned

As long as its NNPC that will do everything, yes.

Private investors need to come in to make the project meaningful.

Imagine the Dangote refinery being built by the govt, it will be abandoned before it reaches 25%. A certain people view importation as their lifeline thus the refinery will be bad business for them, some look at crude as a going commodity and then the cost of $25b in a country of mutual suspicion and people with crab mentality.

We have already seen enough opposition from the other side, just failing short of saying the north should not explore oil because it does not suit us, what do you expect when the govt also has to provide the funding and all. The only thing that brought this project thus far is Buhari's will, he has been called names for daring to explore oil in the north, what happens after he is gone with people who are only interested in the north's electoral figures in power?

In what quantity.... abeg make we hear word.

FreshFarmAgro:
Stop being misled by hypes

NNPC had always declared that oil had always been in the north, just not in commercially viable quantities.

Nigerians and over-senstionalism. This over-sensationalism began with fraudulent NNPC, FG and then the chief culprit Buhari himself.


Allow me demystify the labyrinth and open you guy's understanding. Yes, oil discovery in the north is fantastic. But, then, a refinery is been developed to refine and process the crude ol at a refining capacity of 120,000 Barrels per day.

Now, note, the entire crude oil in the " basin " or should i say territory is One Billion Barrels.


Let's do some maths to find out why NNPC/Buhari and the so called elites masquarading a little thing as though a big deal are nothing but sun-scorched urchins.


When you develop One billion ( The entire crude in the reserve basin ) by the quantity of refining capacity of the refinery per day, we have

One Billion/120,000 per day. This figure leaves us with 8,334 Days

Converted to years, this leaves us with a figure of approximately 23 years


I mean is Buhari and NNPC mad to make so much fanfare over nothing ? angry

I'm disgusted that our so-called southern elites never saw this lie. Anyways, thank God for me sha. We truth sayers see everything



Oil discovery in the north is good no doubt, but the fanfare is undeserving please


To prove the clumsyness of the project. Educate yourself on the exploration costs, cost of setting up the refinery and all the expenses on it and maintenance for the 23 years, you'd realize you were all scammed because you lots ached for lies. This is glorious unprofitablity and colossal misinformation.



Cc : Racoon

SarkinYarki

also calculate the 37bn barrel in South / 2m per day plus 700k bunkered how many day will it last ?

If you read all of that, you’re an idiot Nairalander who will forever remain broke. I skimmed through and want ten minutes of my life back.

Oil in the north is good news to every Nigerian via bragging rights. Celebrating over it is a stretch because the resource has not benefitted the average man in any way over the years. This discovery will prove the same. High brow locales in the region may see improvement, however I won’t hold my breath.

DOM7:
We can go our separate ways in peace!

You always talk like this as if the Northerners give a Bleep about you guys

More money for politicians to loot is how I see it.

Always wanted to own a high capacity powerbank? This 30000mah bad boy just got discounted, take advantage

ItsTutsi:
Can youh elaborate in this "The detail that has been lost in the conspiracy theories, though, is that it will still take years for oil production to start in Kolmani, so the issue of derivation payment does not arise yet."

Why will it take long for production to start if Oil has been found?

Essentially, the infrastructure for upstream activities (and oil production in particular) take a significant time to establish and payment of derivation is based on actual production so it is not automatic.

TheGiftedOne:
... Can the south now go their separate ways?

Yes please, North already have abundance of Clean Water and Vast Arable Land, Oil is Just Plus Point.
Free Advise, stop limiting yourself to Nairaland as only source of News and Knowledge, You sound like you don't know we're in 21st century.

Raheeqilmaktoom:
Seriously?

So, literally the north should stay as a peasant farming region whose youth are condemned to always wait for the south before any economic uplift? And then take the insult of being a parasite even when they have the same resources and even more than the south?

Some of you guys are beyond pathetic.

This guy is a pathetic fool.