₦airaland Forum

2sex:
hmmm...But I thought Saudi and most of the arab kingdom are tax free?

I learnt expatriates pay taxes in Saudi. I don't know how true.

I hope we can now rest from the oil anytime soon...when intelligent ones propose the resource control policy many argue and detest it for selfish reasons...I think now we can all go back to or zones and statees and invest or explore all natural resources in order to generate revenue for our respective states and in extension the whole of nigeria...I hope all the northerners and south westerners can rest from the niger delta oil....too bad for the niger deltans since its inept and block headed leaders failed to use up monies accrued from oil production to develop its zone and also invest in tourism/industrialization...when crude oil becomes very useless the other zones in nigeria would invest in their own resources and shut the door on us and do us a very big NTOOR "to chop our oyel"...

Can we all see where our mumu and greedy nature as nigerians has led us to?...

May we all put on our thinking caps and do what is right to survive...

Adesiji77:
http://nairametrics.com/tick-tock-how-iran-deal-is-set-to-blow-nigerian-economy-apart/ Cc: lalasticlala, Ishilove

why should we be worried when Buhari( The Miracle worker) is in charge...

Iran entry into the market has little/nothing to do with our economy...

We need to diversify the economy over-dependence on oil is dangerous, one tiny fluctuation in USDOIL price always have a direct impact on our economy....

Kelvinpam:
From the start of your post I was expecting a concrete info to counter the OP's opinion since u claimed it is ur field but seriously I'm highly disappointed.
You suceeded in sayin c.rap. You just quoted unrelated phrases from one of your text books which I tink is the effect of oshogbo weed.

Bro..please stop SMOKING

thanks @ Kelvinpam. You could log onto www.bakerhughes.com and learn more about Oil & Gas industry. That's where I work, ok? I had wanted to ignore you but people your of low faculty deserves some exposure.

You are dealing with a professional whose area of specialization in the Oil industry covers Cementing, Stimulation, Instrumentation and Telecommunication.


Have a nice day!

AreaFada2:
Abi o. If we had like 50,000 MW electricity by now, a thriving industrial & Agro-product sector, a decent health care & education sector, decent infrastructure and a soveriegn wealth fund of around $200 Billion dollars, there won't be lamentations.

The purchasing power of reasonably well-off 170 million people would create a massive internal market to attract growth of local businesses. That would reduce our dependence on raw material export and promote output of finished goods for local consumption.

our best bet now is to use up our own oil to drive industrialization...create more energy to enable and support production in every way...

But this can only happen if our brain dead thieving leaders are killed or replaced with fresh new ones...

don't worry people, buhari will reduce world petroleum pfump pfrice.

crixtex:
No matter wat... Nigeria is blessed and shan't be cursed....

shan't? did you just invent that word?

crixtex:
No matter wat... Nigeria is blessed and shan't be cursed....

shan't? did you just invent that word?

Candybob:
Prophet of doom, ride on! Oil cannot become useless. The game here is oil lost ground because of its price instability in the last few decade and options like solar power, wind tech, even shale oil became very competitive. Should oil price drop further. These so called options will lose out, as it will be cheaper to continue using oil. So those who sell oil will keep selling, there might be slight changes in market dynamics but the players wont lose much. The 'index' likely to suffer most is 'contribution to revenue which for Nigeria is about 80%'!
We are shouting, not because money wont come from oil but because it would not be enough to satisfy the appetite we have developed for oil money

Leave the mofo, he's yet to see good thing concerning his life how do you expect him to see good things about his country....

bushdoc9919:
1.We should go into solid minerals.....but that is another form of resource dependency. And prices fall well well....eg Copper.(Ask Zambia how copper mining has helped them).

2.Agric is not as profitable as it once was.Yes...we earned a lot in the 1960's...when we could rely on the UK to buy our products. No longer.And Nigeria really needs to modernize our agric.

3.Giving oil for free=economic mess.

4.Nigeria needs to industrialize.

Yes industrialization is needed...but atleast a good financial foundation is needed to make industrialization work. These finances will help provided the basic amenities such as power etc for industrialization to work...and money from the other sectors I mentioned is the key. About copper and Zambia, I don't like comparing Nigeria with countries like dt... Zambia I guess has d same problem Nigeria has in terms of management. If you doubt me then let's compare Zambia, Nigeria and Botswana. Bostwana used diamond to turn its country around where sierra leone couldn't,south Africa did same thing with Gold where Ghana couldn't. Everything all boils down to management.
Concerning giving oil for free it was just a Joke. Was just trying to show how of little importance money from oil could be when we focus on other sectors....
Nigeria needs functioning minds if we can look for them, we would be way ahead of others. Including to so called Iran.

omojoshy:
thanks @ Kelvinpam. You could log onto www.bakerhughes.com and learn more about Oil & Gas industry. That's where I work, ok? I had wanted to ignore you but people your of low faculty deserves some exposure.

You are dealing with a professional whose area of specialization in the Oil industry covers Cementing, Stimulation, Instrumentation and Telecommunication.


Have a nice day!

so I should beg you to employ me hun?
Mr. Man give us facts to counter what the OP stated is a lie. I'm here to learn not request your employment history.
state your facts, NO...All you do is repeating the self acclaimed "professional" in all your post.
Professional ma a.rse

I'm waiting that answer

and you think Nigeria won't boost it market policy up??

grandstar:
If OPEC does its job, there will be no problem.

If member states decide to cut production to offset the increase in Iranian production, it will create an equilibrium.

Unless if Saudi Arabia refuses to cooperate so as to bankrupt US shale producers

Saudi will rather work in favour of US instead of against.

dadicvila:
Okay oooo!!!! We shudnt wake up from our slumber, let's continue sharing the Niger Delta Oyel like coconut and corn without real plans to diversify, very soon State Governors will carry Oyel in tankers and be looking for customers

dadicvila:
Okay oooo!!!! We shudnt wake up from our slumber, let's continue sharing the Niger Delta Oyel like coconut and corn without real plans to diversify, very soon State Governors will carry Oyel in tankers and be looking for customers

There is this advert i watched on Silverbird TV from the owner of the television station himself.

He tried to explain why the northern prtectorate neeed the southern protectorate and vice versa

We have also seen nations like china who have shut there borders to external importation and started from scratch to build there nation and right now they are a threat to the United States of America.

I think we should be proactive nation and for me my opnion,

1. we need to shut down on drilling of crude oil it is painful but we need it,
2. we need to massively increase the educate people in this nation especially the northern and southeastern part of the nation
3. we need to find cheaper means to project delivery, we are the most expensive country when it comes to cost of executing project
4. we need to reduce the standard of leaving
5. We need to find alternative source of income to the Federal Republic of Nigeria

GOD BLESS NIGERIA

All the economically developed countries depend on sustainable income sources such as manufacturing, exports and intellectual development. The most unstable countries in the world today are mostly dependent on the extractive industry.

Maybe Nigeria needs to speed up its industrialization, cut imports to below 30%, drive up local production and increase exports to over 60%. That is a sure way of getting money getting into the country (not as loans, aid or grants) and creating employment for millions of Nigerians.

Economic diversification is our only way out.

Kelvinpam:
so I should beg you to employ me hun?
Mr. Man give us facts to counter what the OP stated is a lie. I'm here to learn not request your employment history.
state your facts, NO...All you do is repeating the self acclaimed "professional" in all your post.
Professional ma a.rse

I'm waiting that answer

What fact did you want? Did I not give about 5 points from an onset? Look my guy, we learn everyday, nobody knows it all. Did I ask you to forward your CV to for an employment? Did you know me before? Have we ever met? You claimed I know nothing about Oil & Gas that I checked text book to write trash
Isn't it? For your info, I don't smoke, drink beer or anything Alcohol talk less of weed as per your allegation.....

I stated 5 points focusing on measuring meters (Instrumentation) it's my core discipline. If you don't have functional digital Gauges/meters connected to your Flow Station (Where Crude Oil passes to measure your output) how would you know the exact volume of your daily production? I work mostly Offshore, Deepwater, Onshore and Swamp. Servicing the Multinational like ExxonMobil, Agip, SNEPCO, Chevron etc. So I'm talking from experience. it's just like consuming Electricity without a NEPA meter connected to my house or having a faulty meter installed, how would NEPA billed me accurately?


So my guy, our daily Crude production does not tally with reality. That's our MAIN problem in Nigeria but in a developed or less corrupt Nation, the tale is opposite.

Hope you are ok now?

Have a nice day and God bless!

My God, this so so scary

omojoshy:
Enough of all this propaganda, this is my Field/Discipline and I could prove the writer of this Topic wrong.


1, Nigeria produces far above 2.0 million barrels of Crude Oil daily. Why? We don't have accurate measuring system connected to our various Well Heads. Therefore, we don't get accurate readings.

2, The moment Production Tubing is ran and Completion finishes on a New Well. The so called Operator/Producing Company kick-start Crude Oil production even when the DPR is yet to give a green light to that effect

3, The measuring meters works like the Downstream (Fuel Filling Stations) where one could adjust the meters at will

4, The FPSO vessels loading and discharge Crude Oil without proper monitoring. This gives way to foul-play

5, The amount of Cubic Natural Gas being Flared daily in 2014 ALONE was estimated at $140 billion. This amount alone could make huge impact on our Economy.

6, The list is endless


Let's put our ass together, do what is right and make the system work.

If Saudi could produce 10 million barrels daily, Nigeria should be able to hit 5 million.

Iran is NEVER a threat to Nigeria.

Yoruba man, you ppl are not seeing the danger ahead, blinded by SE and SS oil, supporting Almagiris to hold other southerners to ramsome...hard time await you

omojoshy:
What fact did you want? Did I not give about 5 points from an onset? Look my guy, we learn everyday, nobody knows it all. Did I ask you to forward your CV to for an employment? Did you know me before? Have we ever met? You claimed I know nothing about Oil & Gas that I checked text book to write trash
Isn't it? For your info, I don't smoke, drink beer or anything Alcohol talk less of weed as per your allegation.....

I stated 5 points focusing on measuring meters (Instrumentation) it's my core discipline. If you don't have functional digital Gauges/meters connected to your Flow Station (Where Crude Oil passes to measure your output) how would you know the exact volume of your daily production? I work mostly Offshore, Deepwater, Onshore and Swamp. Servicing the Multinational like ExxonMobil, Agip, SNEPCO, Chevron etc. So I'm talking from experience. it's just like consuming Electricity without a NEPA meter connected to my house or having a faulty meter installed, how would NEPA billed me accurately?


So my guy, our daily Crude production does not tally with reality. That's our MAIN problem in Nigeria but in a developed or less corrupt Nation, the tale is opposite.

Hope you are ok now?

Have a nice day and God bless!

I understand your points. But you should know that the figures Nigeria put out there as the amount of barrels they could produce per day has no power to stop the fact we are big trouble. Before the sanctions were lifted from iran, OPEC called a meeting sometime in May to demand the oil producing nations (saudi arabia, kuwait and UAE especially) to cut down on production as the supply for oil has exceeded demand owing to oil booms in different countries within the past decade in order to stabilize the prize of oil but they bluntly refused.

From your elementary economics : if supply continuously exceeds demand , the prices are bound to fall.

NOW if you add iran's oil to a market filled with oil already, prices will fall drastically. Experts forsee oil at $30 per barrel within the next 1 yr if iran complies with the nuclear deal.

The question is : HOW WILL A NATION LIKE NIGERIA WHO IS HIGHLY DEPENDENT ON OIL REVENUE (70%) SURVIVE WITH OIL PRICE AT $30 PER BARREL?

Expect tough days ahead if Nigeria does not diversify the economy NOW.

We have no time, obama has promised to veto against any bill contrary.

Born2eatPussy:
[size=20pt]BUHARI[/size]is bent on destroying our once peaceful & lovely country
[color=#000000]I told my people not to vote for Buhari but they eventually did, now they are crying like a girl having menstrual pain[/color]

[size=20pt]Let's suffer this together so that next time we go get sense[/size]

How has he destroyed your once peaceful and lovely country if I may ask? If you have deep mental horizon at all, which I doubt, the question you are supposed to ask yourself is that what have we being enjoying for the past sixteen years of PDP ruling that we are not enjoying under PMB's administration? Only people with no sense of reasoning will be comparing a month old administration with 166 years of ruling without anything to show forth.

The fact that your party brother failed is not an indication that others must fail too: agony of a looser!

Candybob:
- are u advising Nigeria to become an agrarian economy, in this 22nd century?
- Gas to power, how secure?

:--YES! You can call it any name. Let us go back to old Cocoa boom in the West, Ground nut pyramid in the North and Commercial Palm oil in the East. We can do it if you and i are ready to key in to drive the policy. Gas to generate power is cheaper, safer and environmentally friendly compare to Nuclear source Mr. Ebola wanted to build before he was sacked with massive votes.Thanks.

omojoshy:
What fact did you want? Did I not give about 5 points from an onset? Look my guy, we learn everyday, nobody knows it all. Did I ask you to forward your CV to for an employment? Did you know me before? Have we ever met? You claimed I know nothing about Oil & Gas that I checked text book to write trash
Isn't it? For your info, I don't smoke, drink beer or anything Alcohol talk less of weed as per your allegation.....

I stated 5 points focusing on measuring meters (Instrumentation) it's my core discipline. If you don't have functional digital Gauges/meters connected to your Flow Station (Where Crude Oil passes to measure your output) how would you know the exact volume of your daily production? I work mostly Offshore, Deepwater, Onshore and Swamp. Servicing the Multinational like ExxonMobil, Agip, SNEPCO, Chevron etc. So I'm talking from experience. it's just like consuming Electricity without a NEPA meter connected to my house or having a faulty meter installed, how would NEPA billed me accurately?


So my guy, our daily Crude production does not tally with reality. That's our MAIN problem in Nigeria but in a developed or less corrupt Nation, the tale is opposite.

Hope you are ok now?

Have a nice day and God bless!

The problem is who will now buy our oil?

Iran is close to our major buyer India. It'll be cheaper for India, China, Indonesia and other Asian Tigers to buy from Iran than us because of proximity. Its natural for them to leave our oil and buy from Iran.

Our other options are selling our oil to Europe. Apart from Gas, we may not sell much in Europe because manufacturing has reduced drastically over the years largely because of China.

Whats the way forward?
Do as Emefiele once suggested ( I apologise to you Sir cos i once disagreed with you on this). Sell 25% of our oil assets and raise over $70billion for critical investments in infrastructure that will lead to diversification of our economy.
After that let each state go and develop its resources found within the state.

Desperate times calls for desperate measures

Let's first bankrupt shale oil explorers and crude oil price will shoot to 200 dollars per barrel. If they try to resurrect, we bring the price down to 20 dollars per barrel and they go bankrupt again. After small time, dem go know say na wetin God give person dey last for hin hand

Who will buy the oil from Iran the world will still be skeptical about that country

signz:
The problem is who will now buy our oil?

Iran is close to our major buyer India. It'll be cheaper for India, China, Indonesia and other Asian Tigers to buy from Iran than us because of proximity. Its natural for them to leave our oil and buy from Iran.

Our other options are selling our oil to Europe. Apart from Gas, we may not sell much in Europe because manufacturing has reduced drastically over the years largely because of China.

Whats the way forward?
Do as Emefiele once suggested ( I apologise to you Sir cos i once disagreed with you on this). Sell 25% of our oil assets and raise over $70billion for critical investments in infrastructure that will lead to diversification of our economy.
After that let each state go and develop its resources found within the state.

Desperate times calls for desperate measures

Nice 1 my guy, now you are talking......kudos to your points here.

In addition to our Economy diversification, Gas Flaring MUST STOP. The world at large is in need of more Gas for either Domestic consumption, industrial usage or Power Generation. The lay down rules against Gas Flaring ought to be implemented and strictly adhered to.

Taxes and Revenues from Gas alone could drive our Economy to the next level. You don't flare Gas in a Developed world, apart from monetary consideration, it's harmful to the People and Environment.

We obviously need to embrace Mechanized Farming (Groundnut, Yam, Oocoa, Palmoil, Rubber, Fishing etc) Let's go back to our Pre-Crude Oil discovery era as a supplements to our Black Gold called Crude Oil. Commercialization of Fishing alone could make us compete with South Africa, Indonesia and Singapore.

We also need to take a second look at other Mineral Resources like Coal, Iron-ore etc. After all, our Naira was competing with the British Pounds prior to the so called Crude Oil discovery in a commercial quantity at Oloibiri in present Bayelsa State.

Have a nice day!

DoctorTim:
Your foolishness knows no bounds. You will end up dead on the streets of Biafra like your forefathers. Use your head. Stop prophesying doom into your own existence. stupid boy

Nwanna, ya dira gi ka isi cherem.... Back to sender ok? May everything you wish to me come back to you a million fold... Amen.

omojoshy:
thanks @ Kelvinpam. You could log onto www.bakerhughes.com and learn more about Oil & Gas industry. That's where I work, ok? I had wanted to ignore you but people your of low faculty deserves some exposure.

You are dealing with a professional whose area of specialization in the Oil industry covers Cementing, Stimulation, Instrumentation and Telecommunication.


Have a nice day!

u could be knowledgeable in the technical aspects of the oil industry but u definitely don't understand the dynamics of crude oil market . I work in the oil industry as well

As long as what we are getting is not STOLEN. Nigeria can survive

Born2eatPussy:
[size=20pt]BUHARI[/size]is bent on destroying our once peaceful & lovely country
[color=#000000]I told my people not to vote for Buhari but they eventually did, now they are crying like a girl having menstrual pain[/color]

[size=20pt]Let's suffer this together so that next time we go get sense[/size]

I really don't understand your ranting! How is this any of this Buhari's fault

Have we, as a people been so entrenched and surrounded by mediocrity that we don't reason intelligently anymore?

Let us our heads people. Like Basketmouth said "Let the man work""

Babysho:
Child

Fatherfool