₦airaland Forum

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Governor Ambode receiving the crude oil sample from Mr Tunde Folawiyo today at Lagos House

Eko o ni baje o..

Congrats to Lagos State govt.
Bigger and better days ahead for Lagosians and Nigeria as a whole.

Abeg dem get space there for PetroleumEngr/HSE officer

Ok

This is good news to Lagos.

Oil status: Lagos to demand 13% derivation —Ambode


Lagos State governor, Akinwunmi Ambode, on Monday, said the state government will henceforth demand payment of 13 per cent derivation revenue from the Federal Government, following the discovery of crude oil by Yinka Folawiyo Petroleum Company Limited in Badagry, area of the state.
This was just as the governor assured that with the additional revenue coming from such area, the state government would be able to make more infrastructure available for Lagosians.
Ambode stated this on Monday when the management of the company led by the Group Managing Director, Tunde Folawiyo, paid him a courtesy visit at the Lagos House, Ikeja, declaring that Lagos had officially joined the League of Oil Producing States in the country.

I say it with all conviction because I know that based on Section 162 Sub-Section 2 of the Nigeria Constitution, Lagos becomes an oil producing state and by virtue of this, the 13 per cent derivation that is due to oil producing states, Lagos will start to partake from it by your very good gesture.

So we officially declare Lagos State as an oil producing state, we also notify the Federal Government by this action that we would be sharing out of the 13 per cent derivation. So all we need do is to apply and then we join,” he said.

According to Ambode, the feat has not only placed Lagos in the history books as the first state outside the Niger Delta to become an oil producing state, but has also opened up a new page for revenue generation in the state.


http://tribuneonlineng.com/node/39573

Ambode no dey waste time...



I Love Lagos state I swear...

Lagos city, the best city in Nigeria I suppose.

40 liters per day i think?They will not let us hear words again.

Oga Na Master

Lagos State Na Baba

Great one!

Can the country be split now?

Una wan chop nddc money by force....50000 bbls a day, what is the cost of lifting + capex + opex ... Is it economical?

We need figures of estimated recoverable reserves, plateau rate, field life. Before we applaud.


Congrats though on the find.

Be careful, abi you intend to join Kanu inside maximum Inbox?

JonSnow:
Can the country be split now?

M4gunners:
40 liters per day i think?They will not let us hear words again.

Lol

So Lagos will be Like Akwa Ibom

WHATS THE ESSENCE OF HAVING CRUDE OIL WHEN WE CANT BENEFIT FROM IT

If every region starts exploring something of value, soon the issue of resource control and derivation share would be resolved. While i am happy the sw is joining the league of resource contributors, I think the North still every reason to maintain the parasitic status as the economic tilt is in the favour.

castroevans:
WHATS THE ESSENCE OF HAVING CRUDE OIL WHEN WE CANT BENEFIT FROM IT

Speak for yourself and not for Lagosians..

SOMEBODY GIVE THAT GOVERNOR TWO BOTTLES OF GUINESS EXTRA SMOOTH STOUT!

Our oyel... Wetin him wan Carry am do

madridguy:
Be careful, abi you intend to join Kanu inside maximum Inbox?

Time to have LASOPADEC

Nice one. More discoveries ahead for this blessed state.
Ambode is working, Lagos state is improving.

But wait ooh.That thing wey Ambide hold 4 hand too black oooh.Na so Lagos oil dey be?D thing look like udeh akin.

emmy4lov:
I ought to be somewhere in that picture. ...


see that fine man beside Ambode.. like a model .

That is Tunde Folawiyo himself MD of the main stakeholder company (Yinka Folawiyo group)....

Hope you will give your oil well to Obi or Atiku.

I'm just asking you a simple question.

JonSnow:
this schizophrenic ram. do not disturb my mentions anymore.

Ozuo #spits

arresa:
Ambode no dey waste time...



I Love Lagos state I swear...

Baba, this kind hearbreaking news wey u dey bring so, if people die here my hands and legs no dey oo. I don talk my own finish.