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Oil Production Lagos Expects First 13 Derivation Fund December - Business (2) - Nairaland

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Oil Production: $4 Per Barrel In Saudi Arabia, $3 In Russia, $21.2 In Nigeria / Oil Production Cost Per Barrel Down To $20, Says NNPC / Nigeria Set To Boost Oil Production As Agip Begins $13.5b Project (2) (3) (4)

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Re: Oil Production Lagos Expects First 13 Derivation Fund December by Nobody: 6:51pm On Nov 15, 2016
When Ambode is done with that money, you'll understand why many people are not sympathetic to the Niger Delta cause.

4 Likes

Re: Oil Production Lagos Expects First 13 Derivation Fund December by Nobody: 7:04pm On Nov 15, 2016
Emassive:
13% even when you extract and export only 60barrels per day...lol

Aje produces 40,000 bpd with storage fo 750,000 barrels. During its test phase each of its four wells was producing 5000bpd

Gas reserves are a massive 650 billion cubic feet

When you take into account that additional wells can still come into play this is a major oil/gas field.

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Re: Oil Production Lagos Expects First 13 Derivation Fund December by ehissi(m): 7:17pm On Nov 15, 2016
Which derivation money?

Which oil well??

Well, make I no talk, na isobath depth them use take decide abi na length from shoreline??

Which kind controversy Ambode dey try create? After RMAFC don tell lagos state say no way, them dey give lagosian false hope?

Anyway, with APC and Buhari in this country, anything is possible.
Re: Oil Production Lagos Expects First 13 Derivation Fund December by YINKS89(m): 7:29pm On Nov 15, 2016
niger deltans wld b like.......lagos don f us up nw .

2 Likes

Re: Oil Production Lagos Expects First 13 Derivation Fund December by tunedey01: 7:50pm On Nov 15, 2016
He said the state had established its own oil
and gas corporation called Ibile Oil and Gas,
which, he said, would open for business by
next month.
Ambode said the company would be
involved in exploration, development, and
production, among others.

this is what the Niger delta government should have create but they only create oil and gas company for their family because their people are so dump to see that they are mainly been sheeted by their brother which they called their governor open your eyes stop bombing your future.
QUESTION:Is FG owing ur state or your government is been own 13%
think and stop bombing ur generation wealth away.

5 Likes

Re: Oil Production Lagos Expects First 13 Derivation Fund December by ajbf: 8:01pm On Nov 15, 2016
I do not support this. I am of the opinion that Lagos should be giving special status and Lagos should lose about 30% of its internally generated revenue to Federation since this IGRvis accrue to it by its special status as former nation capital and also because of FG disposition to it ahead of other competing states with similar potential sources of IGR.
Re: Oil Production Lagos Expects First 13 Derivation Fund December by tunedey01: 8:21pm On Nov 15, 2016
ajbf:
I do not support this. I am of the opinion that Lagos should be giving special status and Lagos should lose about 30% of its internally generated revenue to Federation since this IGRvis accrue to it by its special status as former nation capital and also because of FG disposition to it ahead of other competing states with similar potential sources of IGR.
then same should be done to cross river
Re: Oil Production Lagos Expects First 13 Derivation Fund December by Hargbo(m): 9:28pm On Nov 15, 2016
Re: Oil Production Lagos Expects First 13 Derivation Fund December by LoveDecay(m): 1:42am On Nov 16, 2016
swagifted:
We are always around for business... Anywhere the business moves.. We Move..

Akube ....

Lagos boys soon be spending money like em politicians.

Even though they always did....

Bottomless pits baby smiley


One Naijeriya wink and Once the north.... hits oil ... golden handcuffs for all the haters
Re: Oil Production Lagos Expects First 13 Derivation Fund December by LoveDecay(m): 1:44am On Nov 16, 2016
ajbf:
I do not support this. I am of the opinion that Lagos should be giving special status and Lagos should lose about 30% of its internally generated revenue to Federation since this IGRvis accrue to it by its special status as former nation capital and also because of FG disposition to it ahead of other competing states with similar potential sources of IGR.

No worry yourself Lagos has been special status by the world .... Jaiye oye lo
Re: Oil Production Lagos Expects First 13 Derivation Fund December by LoveDecay(m): 3:33am On Nov 16, 2016
YINKS89:
niger deltans wld b like.......lagos don f us up nw .

Niger delta no send ... but this go make ensure dey na dem drill more barrels


Legit things
Re: Oil Production Lagos Expects First 13 Derivation Fund December by Bartels01: 8:53am On Nov 16, 2016
this is good news
now we await the one from Northern Nigeria

Republic of Biafra loading ....60%
Re: Oil Production Lagos Expects First 13 Derivation Fund December by Emassive(m): 1:46pm On Nov 17, 2016
My generation will take care of itself and am already taking good care of my own kids now. How about the history we know that the Oil from Itsekiri, Ijaw and Urhobo feed your grand Father and even sent him for free education if he ever went though. I built all the roads in your region and still made your people Billionaires just... enjoy the recession why your lagos oil revives the economy I hope

Mustack:

That 13% can feed you generation..
Re: Oil Production Lagos Expects First 13 Derivation Fund December by Mustack: 4:49pm On Nov 17, 2016
Emassive:
My generation will take care of itself and am already taking good care of my own kids now. How about the history we know that the Oil from Itsekiri, Ijaw and Urhobo feed your grand Father and even sent him for free education if he ever went though. I built all the roads in your region and still made your people Billionaires just... enjoy the recession why your lagos oil revives the economy I hope

e pain am.... anyway am not here yo pick a beef with you but mind the way you communicate...
Re: Oil Production Lagos Expects First 13 Derivation Fund December by Emassive(m): 12:49pm On Nov 18, 2016
Craze man no need placard to explain him grievance.
Mustack:

e pain am.... anyway am not here yo pick a beef with you but mind the way you communicate...

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