₦airaland Forum

I AGREE A 100% WITH SENATOR CHRIS ANYANWU ON THE 10%
HOST COMMUNITY FUND.
IT'S AN EMBARRASSMENT ON OUR CONSCIENCE THAT THIS HAS TO BE A SUBJECT OF DEBATE. COMMON SENSE

IF THE NORTH, SPECIFICALLY, THE OIL WELL LICENSE OWNERS ARE AFRAID OF THE LICENCE REVOCATION AT THIS PERIOD IN TIME;
I WOULD CALL A LACK OF BUSINESS INSIGHT.
I WOULD CALL THEM BUSINESS MEN IN DELIRIUM,
SLEEPING ON THEIR BUSINESS FORECAST AND TAKING THE PEOPLE FOR GRANTED.

HERE ARE MY REASONS; A CHILD HAVE CARETAKERS CONTROL HIS ESTATE UNTIL HE GROWS UP, BECOMES AN ADULT AND ABLE TO HANDLE THAT WHICH IS HIS.

NIGER DELTA OIL BELONGS AND ALWAYS BELONGED TO NIGER DELTA WHERE GOD PLACED THAT RESOURCE, BUT BECAUSE THEY WEREN'T MATURE ENOUGH AT THE TIME OF THAT DISCOVERY HAD STRANGERS PLUNDER THAT WHICH BELONGED TO THEM AND NIGERIA.

NIGER DELTANS AND THE SOUTH ARE NOW AWARE AND KINDLY ASKING TO SHARE (NOT TOTALLY TAKE OVER EVERYTHING) AND SOMEBODY IS AFRAID OF WHAT NOW?

AND DID DANJUMA HAVE THE EFFRONTERY TO ASK FOR THE ARREST OF THE YOUNG MEN ASKING FOR WHAT IS THEIRS; (I AM WITH TOMPOLO IN DEMANDING FOR AN OFFICIAL APOLOGY FROM DANJUMA OR OTHERWISE........)

IF DANJUMA IS A SAVVY AND JUST BUSINESS MAN, WOULD ANYONE TELL HIM TO MAKE HAPPY THE PEOPLE, WHOSE WEALTH HE HAS PLUNDERED OVER THE YEARS FOR HIS SELFISH ADVANTAGE?

THE BRITISH GOVERNMENT COLONIZED NIGERIA ALONGSIDE MANY OTHER NATIONS AROUND THE WORLD, MADE THEMSELVES HAPPY WITH THEIR HOSTS NATURAL RESOURCES BUT THEY GAVE AT LEAST WESTERN EDUCATION, WHICH TILL DATE IS APPLAUDABLE; THAT THEY KNEW TO GIVE BACK SOMETHING IN EXCHANGE TO TAKING THE PEOPLE'S WEALTH.

NIGERIAN OIL PLUNDERERS SHOULD HAVE TAKEN THIS LESSON FROM BRITAIN AND OTHER COLONIAL MASTERS, TO AT LEAST GIVE SOMETHING BACK TO THOSE THEY REGARDED AS THEIR ECONOMIC SLAVES. SO THEY HAVE SOMETHING TO SHOW FOR OCCUPATION AFTER THEIR EXIT.

WELL EVERY COLONIAL MASTER LIKE BRITAIN LEFT WHEN THE PEOPLE DEMANDED THEY DO.
THEREFORE EVERY OIL WELL LICENSE OWNER HAVE TO RELINQUISH THEIR LICENSE BECAUSE THE RIGHTFUL OWNERS OF THE ECONOMIC PROPERTY WANT IT SO.
THEY ARE ASKING FOR NEGOTIATIONS WHICH LEAVES THE FORMER OWNERS IN A GOOD PLACE.

BUT WHOEVER IN WHATEVER UMBRELLA; CALL THEM NORTH, EAST, SOUTH OR WEST THINKS IT WOULD BE OTHERWISE; SHOULD KNOW THAT THERE'S MORE COMING.

THE VERDICT:
YOU WILL REALIZE LIKE SENATOR DANJUMA GOJE THAT TIMES HAVE CHANGED; THE PEOPLE HAVE SPOKEN; YOU EITHER LISTEN TO THEM OR GET RELEGATED TO THE SIDELINE, THEREFORE MUST COMPLY WITH THE NEW CONDITIONS.

I AGREE A 100% WITH SENATOR CHRIS ANYANWU ON THE 10%
HOST COMMUNITY FUND.
IT'S AN EMBARRASSMENT ON OUR CONSCIENCE THAT THIS HAS TO BE A SUBJECT OF DEBATE. COMMON HUMAN SENSE TELLS YOU, YOU FEED THE HANDS THAT LABOR FOR YOU; BUT THIS TIME, IT'S CALLED GIVING BACK TO THE LAND THAT ENRICH YOU.
THE 10% HOST COMMUNITY FUND IS NOT NEGOTIABLE.
WE SHOULD ALL REMEMBER THAT ALL THE MINERALS IN THE NORTH SOLELY BELONG TO THEIR HOST COMMUNITIES.
THEREFORE WE MUST NOT SHIFT FROM THE COMPLETE IMPLEMENTATION OF THIS 10% HOST COMMUNITY PROPOSAL.

FINALLY REVOCATION OF THE PREVIOUS LICENSES IS A DONE DEAL, WITH OR WITHOUT PRESIDENT JONATHAN. THE SOONER THE OIL WELL LICENCE OWNERS ACCEPT THIS, THE BETTER FOR ALL AND SUNDRY.

TO EVERYTHING IN LIFE, THERE'S A BEGINNING AND AN ENDING.
THEIR ECONOMIC OCCUPATION OF THE OIL WEALTH HAD A COMMENCEMENT DATE, AND FORTUNATELY, JUST GOT EXPIRED.
WHAT'S THERE TO FIGHT AND STRUGGLE ABOUT; THE RICHES THEY EM MASSED, ISN'T ENOUGH JUST YET?

THERE SHOULD BE FEDERAL CHARACTER REPRESENTED. WHEREBY, NOT MORE THAN 25% OF OIL BLOCKS GO TO A PARTICULAR REGION. EAST, WEST, NORTH AND SOUTH RESPECTIVELY.

THE IMPLEMENTATION OF THIS WOULD BE THE BEGINNING OF MOVING NIGERIA FORWARD AS A NATION WHERE ALL THE CITIZENS ARE RESPECTED AND HAVE SENSE OF BELONGING.

ESTHER CHIKERE.[color=#770077][/color]

Feb. 26 (Bloomberg) -- Nigeria, Africa’s biggest oil producer, won’t award new oil exploration licenses until lawmakers pass a reform bill now being considered, Department of Petroleum Resources Director Osten Olorunsola said.
“You need firm commitment and firm predictability of the law,” he said in a Feb. 21 interview in Abuja, the capital. “We have to wait for the bill to be passed.”
The Petroleum Industry Bill, first sent to the National Assembly in 2008, didn’t become law during the tenure of a previous legislature and was reintroduced by President Goodluck Jonathan in July. Fiscal provisions in the bill seek to raise Nigeria’s share of revenue to 73 percent from 61 percent, Petroleum Minister Diezani Alison-Madueke said on Sept. 28.
Royal Dutch Shell Plc, Exxon Mobil Corp., Chevron Corp., Total SA and Eni SpA run joint ventures with the state-owned Nigerian National Petroleum Corp. that pump more than 90 percent of the country’s oil. The West African nation last held an oil licensing round in 2007.
“The major concern is that oil production has remained virtually stationary over the past few years due to the lack of investment in the sector which partially reflects the uncertainty surrounding,” the bill, Samir Gadio, a London-based emerging-markets strategist at Standard Bank Plc, said in an e-mailed reply to questions today.
Stagnant Investment
Companies including Shell and Exxon Mobil have criticized the fiscal terms as likely to make investment in offshore oilfields unprofitable. Most have held back on funding more exploration while Shell and ConocoPhillips have sold some of their onshore assets to Nigerian companies.
Bonny Light Crude, Nigeria’s top export grade, gained 0.1 percent to $115.35 by 11:19 a.m. in London, the lowest since Feb. 21. Oil exports account for more than 90 percent of the country’s export earnings and about 80 percent of government revenue, according to the Petroleum Ministry.
While the major energy companies have “toned down their investments” and shunned exploration because of uncertainty about the new law, smaller producers are increasing drilling activities as they seek to boost output, Olorunsola said.
Companies including London-based Heritage Oil Plc and Lagos-based Neconde Energy Ltd. bought stakes in Nigerian oil fields jointly owned by Shell, Total and Eni. Oando Plc, a Nigerian energy company, purchased the local unit of ConocoPhillips.
Smaller Producers
“A lot of that is coming from all these indigenous companies that are buying assets from Shell as well as some success from some marginal field holders,” Olorunsola said, referring to areas producing volumes of crude too low to be profitable for bigger companies. “We had about 10 rigs, much more in comparable terms and timing in 2012. And that just shows the success of all these divestments.”
Forty-seven oil rigs were operating in the country’s Niger River delta region in the fourth quarter compared with 37 a year earlier, according to the Department of Petroleum Resources.
Nigeria’s crude oil reserves were down 1.9 percent to 36.5 billion barrels in 2012 from 37.2 billion barrels a year earlier. Average daily oil and condensate output stands at 2.6 million barrels, according to the regulator.
To contact the reporters on this story: Elisha Bala-Gbogbo in Abuja at ebalagbogbo@bloomberg.net;

That's why Jonathan is by all means has gathered hatred to himself by ill minded politicians
There will be a bidding process to be held some months after election

REMEMBER THAT LABOUR & ACCORD PARTY IS FOR GEJ

aguiyi:
you live your miserable life go dey pity a man who will never be poor again, i really feel for you sha.

olodo you don't even know the different between leave and live shame

BABAKABIRU301:
REMEMBER THAT LABOUR & ACCORD PARTY IS FOR GEJ

And your point is

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Collynzo419:
With the 3 governors who are already set to decamp to APC, i can only feel sympathy for GEJ

From Grass to Grace and then back to GrassROOT

I pity for Jona...

aguiyi:
Bode George received a standing ovation upon release from the prison so whats the big deal

did you typed this or sbd hijack ur account?
it is a big shame indeed