Totalenergies Plans $750 Million Investment In Nigeria’s Gas Project Next Year - Politics (3) - Nairaland
Nairaland Forum › Nairaland General › Politics › Totalenergies Plans $750 Million Investment In Nigeria’s Gas Project Next Year (8040 Views)
| Re: Totalenergies Plans $750 Million Investment In Nigeria’s Gas Project Next Year by poseidon12: 6:56am On Nov 30, 2024 |
Audio investment. |
| Re: Totalenergies Plans $750 Million Investment In Nigeria’s Gas Project Next Year by iLoveYouToo(m): 7:04am On Nov 30, 2024 |
lexy2014:How do you now evaluate balance of payments? I’m just saying we need forex inflows. Nigerians are already investing in Nigeria, they should rather be encouraged to increase exportation of Nigerian goods (even in small-medium scale) |
| Re: Totalenergies Plans $750 Million Investment In Nigeria’s Gas Project Next Year by lexy2014: 8:42am On Nov 30, 2024 |
iLoveYouToo:1. if you dont get FDI, you cant boost your economy on your own? 2. how have nigerians in nigeria been encouraged to invest in nigeria? |
| Re: Totalenergies Plans $750 Million Investment In Nigeria’s Gas Project Next Year by iLoveYouToo(m): 8:53am On Nov 30, 2024 |
lexy2014:I don’t speak for the government, but we have agencies funding small to medium sized businesses with grants and little to no tax. There was even a period business registration was made free by CAC. Other then reintroducing petrol subsidy and cutting the retail cost of electricity what other suggestions might you have? Thse two seem untouchable judging from the body language of the government |
| Re: Totalenergies Plans $750 Million Investment In Nigeria’s Gas Project Next Year by lexy2014: 9:36am On Nov 30, 2024 |
iLoveYouToo:off point. that is not what I asked you. 1. if you dont get FDI, cant you boost your economy on your own? 2. how have nigerians in nigeria been encouraged to invest in nigeria? |
| Re: Totalenergies Plans $750 Million Investment In Nigeria’s Gas Project Next Year by iLoveYouToo(m): 9:44am On Nov 30, 2024 |
lexy2014:It’s you who should be providing answers to the questions you’re asking, after all you seem to have an internal solution to our economic woes. Enlighten me |
| Re: Totalenergies Plans $750 Million Investment In Nigeria’s Gas Project Next Year by sulaak(m): 9:47am On Nov 30, 2024 |
PressMyButton:$750 million investment. A single LNG plant cost $10 billion Where is the $50 billion investment Heineken Lokpobiri promised this year? We are expecting $50 billion investment boost in Nigeria oil sector – Minister |
| Re: Totalenergies Plans $750 Million Investment In Nigeria’s Gas Project Next Year by sulaak(m): 9:53am On Nov 30, 2024 |
lexy2014:Thank you. The largest investors in Nigeria are Nigerians from Dangote, BUA Group, ETC. Nigerians have been the largest investors in Nigeria, and Profoce is leading a consortium to purchase Ajaokuta. The IMF/World Bank playbook of floating the Naira ad seeking FDI abroad has failed just as SAP failed in the 1990s. Economic Reform with Political reform will always fail. Volatile naira sours South African investors’ appetite for Nigeria |
| Re: Totalenergies Plans $750 Million Investment In Nigeria’s Gas Project Next Year by lexy2014: 9:56am On Nov 30, 2024 |
iLoveYouToo:according to you iLoveYouToo:1. if you dont get FDI, cant you boost your economy on your own? 2. how have nigerians in nigeria been encouraged to invest in nigeria? |
| Re: Totalenergies Plans $750 Million Investment In Nigeria’s Gas Project Next Year by Superpack589: 10:54am On Nov 30, 2024 |
This TotalEnergies stock has been tanking for several weeks now. I regret trading it. |
| Re: Totalenergies Plans $750 Million Investment In Nigeria’s Gas Project Next Year by iLoveYouToo(m): 11:05am On Nov 30, 2024 |
lexy2014:Let me do the work for you since you’ve refused to lift a finger. This is from AI The benefits of Foreign Direct Investment (FDI) on an economy are distinct and often cannot be entirely substituted with domestic productivity. Here’s why: 1. FDI as a Source of Capital FDI provides external capital inflows, especially in capital-scarce economies, enabling investments in infrastructure, industries, and services. While domestic productivity increases output, it does not necessarily generate the external funding required to accelerate large-scale development. • Domestic substitution challenge: To replicate FDI benefits, a country would need high savings rates or efficient financial markets to mobilize domestic resources—often difficult in developing economies. 2. Technology Transfer and Knowledge Spillovers FDI brings advanced technologies, managerial expertise, and innovation from foreign investors, which boosts local industries and workforce capabilities. This often fosters productivity growth across the economy. • Domestic substitution challenge: Domestic productivity would need significant R& investment and innovation capacity to match the cutting-edge advancements that FDI introduces.3. Access to Global Markets Multinational corporations investing in a host economy often integrate it into their global supply chains, increasing exports and market access. • Domestic substitution challenge: Domestic firms may face limitations in accessing global networks without the strategic alliances or infrastructure that FDI facilitates. 4. Employment Generation and Skills Development FDI often creates jobs and trains the workforce, enhancing skills that improve productivity in the long term. • Domestic substitution challenge: Without FDI, domestic industries might not scale operations or invest in workforce training at the same pace. 5. Competitive Pressures FDI increases competition in domestic markets, pushing local firms to improve efficiency, quality, and innovation. • Domestic substitution challenge: A lack of FDI could reduce external competition, potentially leading to complacency among domestic firms. Domestic Productivity’s Role While FDI offers unique advantages, domestic productivity is equally crucial. It ensures long-term economic resilience by: • Strengthening local industries and innovation capacity. • Enhancing resource utilization efficiency. • Reducing dependency on external actors in some sectors. A balanced strategy combining FDI attraction with policies fostering domestic productivity is often most effective. Each complements the other, creating a synergistic effect that accelerates economic growth. |
| Re: Totalenergies Plans $750 Million Investment In Nigeria’s Gas Project Next Year by iLoveYouToo(m): 11:11am On Nov 30, 2024 |
lexy2014:It’s saddening that that you won’t share your thoughts and suggestions other than asking open ended questions. It’s good to gain insights from each other on issues like this. FYI I'm not spokesperson for the government so I don’t get why you’re sending these questions. Let’s have your take, you can do better than what you’ve been offering so far |
| Re: Totalenergies Plans $750 Million Investment In Nigeria’s Gas Project Next Year by commoditiesnig(m): 11:17am On Nov 30, 2024 |
Good news iLoveYouToo:Very true |
| Re: Totalenergies Plans $750 Million Investment In Nigeria’s Gas Project Next Year by lexy2014: 11:40am On Nov 30, 2024 |
iLoveYouToo:off point 1. if you dont get FDI, cant you boost your economy on your own? simple yes or no 2. how have nigerians in nigeria been encouraged to invest in nigeria? |
| Re: Totalenergies Plans $750 Million Investment In Nigeria’s Gas Project Next Year by lexy2014: 11:41am On Nov 30, 2024 |
iLoveYouToo:were u a spokesperson for the government when u made this claim? iLoveYouToo:1. if you dont get FDI, cant you boost your economy on your own? 2. how have nigerians in nigeria been encouraged to invest in nigeria? |
| Re: Totalenergies Plans $750 Million Investment In Nigeria’s Gas Project Next Year by iLoveYouToo(m): 11:51am On Nov 30, 2024 |
lexy2014:Common sense, unfortunately bots lack that. Who said we aren’t getting FDI already? More FDI won’t hurt us. Secondly, boosting the economy locally is one side, FDI is another angle to achieve overall growth and recovery. I’m posting this for people that have the ability to think. Nigeria doesn’t operate an autarky so we will always court FDI to complement local efforts. If you don’t know what the government is currently doing boost the economy locally, that’s your headache not mine. Google it |
| Re: Totalenergies Plans $750 Million Investment In Nigeria’s Gas Project Next Year by lexy2014: 11:57am On Nov 30, 2024 |
iLoveYouToo:use that common sense to answer the following. 1. if you dont get FDI, cant you boost your economy on your own? 2. how have nigerians in nigeria been encouraged to invest in nigeria? |
| Re: Totalenergies Plans $750 Million Investment In Nigeria’s Gas Project Next Year by skywalker240(m): 12:56pm On Nov 30, 2024 |
sonnie10:Yes and then pushed two brothers to fight themselves, while looting and exploiting their natural resources, and the cycle continues and one African here thinks one side meant him good, when actually the both of them are after your natural resources to loot ![]() Neocolonialism at it's finest ![]() |
| Re: Totalenergies Plans $750 Million Investment In Nigeria’s Gas Project Next Year by BJanta: 3:19pm On Nov 30, 2024 |
Pawa100:Understanding this is hard for people with low intellect . So, you may just excuse yourself. |
| Re: Totalenergies Plans $750 Million Investment In Nigeria’s Gas Project Next Year by Pawa100: 3:20pm On Nov 30, 2024 |
BJanta:GTF....OOMM ![]() |
| Re: Totalenergies Plans $750 Million Investment In Nigeria’s Gas Project Next Year by Johnn74: 5:19pm On Nov 30, 2024 |
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| Re: Totalenergies Plans $750 Million Investment In Nigeria’s Gas Project Next Year by IbeOkehie: 5:01pm On Dec 01, 2024 |
iLoveYouToo:Better ignore that Lexy fellow. All he does is interrogate using snappy or unreasonable questions. Many others on this forum have learned to disregard and NEVER engage him in any convo. It's a useless activity. Good Luck to Nigerians. |
| Re: Totalenergies Plans $750 Million Investment In Nigeria’s Gas Project Next Year by XAUBulls: 8:47pm On Dec 01, 2024*. Modified: 10:04pm On Dec 01, 2024 |
sonnie10:I have to step in here because there are historical inaccuracies in your post and as a veteran of the historical events leading right up to the Nigerian Civil War of July 1967 to January 1970 (exactly 2 years 6 months OR 30 months) with books I have bought and read since the early 1980s, it would be unkind to uninformed readers of this thread to ignore this. Your analogy here has NO historical basis whatsoever and you are trying to make the then younger Col Emeka Ojukwu, rtd, seem more intelligent than he really was with your "historical romanticism" here. First off, as a perfect historical example, you have to be aware that Peugeot Automobile Nigeria Limited, a joint venture between the Federal Government of Nigeria and AP France, was incorporated on December 15, 1972 and on March 11, 1975, the Kakuri Industrial Estate, Kaduna-based car assembly plant was commissioned by General Yakubu Gowon right in Northern Nigeria. What does this tell you? Emeka Ojukwu was simply NAIVE despite being a University graduate of History and was a pawn in the hands of the French dudes and other foreigners who he claimed had his support. Immediately the Nigerian Civil War ended, the French strategically positioned themselves in Nigeria to take advantage of strategic economic opportunities with several French conglomerates congregating in Nigeria such as CFAO, Peugeot, and more right from the 1970s! Emeka Ojukwu took irresponsibly bad decisions that led to the prolongation of the sufferings of his Igbo people in the rebel enclave by allowing White European mercenaries to lead him on and by early 1969, they had started abandoning him and left for Europe or elsewhere because they saw defeat coming. The Nigerian Civil War would have ended as far back as late 1968 but the promise of support of weapons from French sources and White mercenaries, who are notorious "soldiers of fortune." Even the so-called rebel currency notes were just TOILET paper because they were NOT legal tender and were REJECTED in the international community to purchase items and to buy weapons. This is why the young Col. Emeka Ojukwu (who was just in his early 30s when the war broke) continued to use the confiscated and stolen Nigerian Pounds currency notes got from returning Igbos who he told to surrender them in exchange for the "secessionist enclave's printed Pounds currency and the ones got from looted CBN vaults in the Old Eastern Region and the 1967 Mid West Region invasion to illegally purchase weapons until the British suggested in late 1967 leading into early 1968 that the Nigerian Pounds design should be changed. That change in the design of the Nigerian Pounds in early 1968 was what dealt a FATAL blow to Emeka Ojukwu's continued use of the legitimate Nigerian Pounds legal tender because it made the ones in his hands worthless to buy weapons and other items. In the final analysis, I must make it CLEAR to you that it was the illegal inclusion and invasion of the lands of the other ethnic groups of the former Eastern Region such as the Ijaws, Ogonis, Efiks, Efuts, Quas, Ibibios, Annangs, Ekois, etc, into the illegally created Biafra on May 30, 1967, that led to the outbreak of the Nigerian Civil War in July 1967 The father of modern Ijaw nationalism, Chief Harold Dappa-Biriye, Ken Saro-Wiwa and other non-Igbo ethnic groups in the defunct Old Eastern Region had met several times on Lagos Island which was the administrative capital of Nigeria with Gowon from 1966 to May 1967 to demand for the creation of states instead of regions so as to reduce the alleged Igbo domination of their areas and bring more developments. Chief Harold Dappa-Biriye was an indigene of Bonny Island in Rivers State and he granted several interviews stating these historical FACTS in books and newspaper interviews. On May 27, 1967, the young General Yakubu Gowon created 12 new states [of which the new Lagos State, Western State, Mid Western State, Rivers State, South Eastern State (now Cross River and Akwa Ibom), East Central State (now Anambra, Enugu, Ebonyi, Abia, Imo) and more] for the indigenes and traditional rulers of most of those states were largely consulted. Col. Emeka Ojukwu rejected this noble move and irresponsibly declared a secession 3 days later on May 30, 1967, and dragged non-Igbos into the illegal secession project without carrying out a referendum among the non-Igbo folks. This was the BEGINNING of the failure of the fraudulent Biafra secession which many non-Igbos had rejected because 3 new states had been created out of the Old Eastern Region of which 2 states had MAJORLY non-Igbos. So, the major triggers of that Nigerian Civil War had less to do with any "British Shell or French Total crude oil rivalrues BUT more to do with the lack of RESPECT for the boundaries and territorial integrity of the minority ethnic groups of the Old Eastern Region (by Emeka Ojukwu and his young secessionists) whose lands were carved into the illegal map of Biafra which these people had unanimously rejected. Even some Igbos such as Hilary Njoku, the military man who was in charge before Alexander Madiebo took over from him was removed and locked up in jail for advising Emeka Ojukwu that the rebels did NOT have sufficient weapons to win the war, "Jesus of Ogbunike," Margaret Ekpo (whose father is an Anambra Igbo and mother from Calabar) ALL warned Ojukwu NOT to go to war, hence they were locked up in prison with others, and a large number of Philip Effiong's Ibibio people majorly rejected secession. Just as the Ibibio gentleman who was nominated as the secessionist "Head of civil Service" wrote in his book or memoirs of the horrendous events of the Nigerian Civil War, if there had been a referendum, the Ibibios and other ethnic groups would have REJECTED Biafra officially. Many of the non-Igbos who partook in that movement especially in civilian capacity did so because their lives were in danger having witnessed the summary executions of some of their ethnic kinsmen who openly protested before and after the war started that they rejected the inclusion of their ancestral homelands in Biafra. Just 2 days ago, some of us saw videos of some mentally befuddled and unstable Ipob members led by a woman (belonging to Ekpa's group in Finland) who flew into Finland from the United States REPEATING the same grave errors that Col. Chukwuemeka Ojukwu made on May 30, 1967, that led to the death of an official estimate of NOT more than 1.5 million people on both Federal and rebel sides by including several non-Igbo areas into the delusional "40 states" of the phantom "USB" such as the Isokos of Delta State, the Igalas, Okrika, Opobo, Calabar, Idoma, etc, which signifies that a lot of Igbos just NEVER learn from legitimate history! I actually saw a post yesterday on Nairaland where a dude from Okrika in Rivers insulted these Ipob clowns for including his folks among the 40 states in the fraudulent enlarged "Biafra." |
| Re: Totalenergies Plans $750 Million Investment In Nigeria’s Gas Project Next Year by sonnie10: 12:36am On Dec 02, 2024 |
XAUBulls:How many Igbos did Gowon consult before creating states out of the old east central region? What was his aim to quickly change the status quo in the midst of a heated territorial tension? Have you considered that it was a divide and rule tactics to weaken the collective strength of the region that was under Col. Ojukwu? Why did Gowon think it was a gentleman thing to do by tactically dissolving Col. Ojukwus position (that was what creation of states meant) as a regional head but kept his own position as head of states? Between the states created by Gowon from the old SE and EC, and the provincials administrative government that existed, which of them had people with common heritage and interest in the same administrative district? As an unbiased historian, throw more light on these questions. Thanks. |
| Re: Totalenergies Plans $750 Million Investment In Nigeria’s Gas Project Next Year by Caseless: 3:07pm On Dec 03, 2024 |
PressMyButton:Having been held down by france for many years, you don't expect overnight prosperity from them. It takes time. |
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investment and innovation capacity to match the cutting-edge advancements that FDI introduces.

