₦airaland Forum

Are they just knowing Mtcheeeww

brovers:
Check This Out....

And you are still like this?

brovers:
Check This Out....

This is interesting! How many of these electronics are produced in Nigeria? I feel sad anytime I remember that our Engineering students have become sales men to Asian giants.
Something must be wrong with with our education system!

Enjoy your marketing job

adegeye38:
Netherlands earn more money from agriculture, with a land mass as small as Niger state than we do from oil in a year

Nigeria has 11million hectres of farmable land and we are only using 250,000

The potential of agriculture in the next 10 yrs and above is worth over 30 trillion dollars, not to talk of other diary products and stuff

Agriculture is more valuable than Oil and gas

but they won't understand..

Valid points

That is what I have been singing. Agriculture is the way to go.

We have cheap Agricultural Farmlands for sale in Abuja.

Check my signature here for any size and location of Farmland in Abuja or see : http://abujafarmland..com

And properties (Estate)

ICT is so 100% true

Check my signature to order your football jerseys and get it customized FREE OF CHARGE!

Jerry2i:
As much as I'll want to agree with him or every other person that thinks that agriculture is the way, I'll like to say that without the 'oyel' money all this cannot be achieved. Most major players in this sectors(real estate, agriculture, ICT) made their money through oil and gas or politics.

What I'm I trying to say?
Oyel money is the real deal.

What about those countries where they don't have oil and are doing very fine?

So what are u waiting for b4 u switch

[color=#006600][/color]Spartanville

Just trying to discourage people from venturing into the profitable oil and gas sector after making his own billions


Afar

Go siti down nwanne! You are busy building petrol station all over delta and same time giving us another direction .

The problem is that Fulani herdsmen will not allow you to farm in peace.

People will always need food and ICT can only grow.

Oil and gas is already being replaced.

The fact from my conclusion is that Nigeria need to get into agriculture but not only in Nigeria but in neighboring countries. This is why transportation infrastructure, good trade policy, and a sense of security is important. The only way Nigeria especially southern nigeria can be self sufficient is in indoor farming- hi rise building farming like what japan and some other countries are doing.

There's been a paradigm shift in the last 4 to 5yrs in the foreign markets,yet Nigeria is yet to fully get a grasp of that fact. But if we must have a viable and fast-growing Agricultural sector,we need to make the sector conducive for large-scale mechanized farming,effective storage and processing systems etc. ICT is a major economy mover,that's a no-brainer. I think Nigeria is doing quite well in that area and i have no doubt in my mind that perhaps within the next 6yrs,ICT in Nigeria will be up there; with ofcourse ICT policies in compliance with global standards.

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really

TalkItalk:
A major player in the downstream segment of Nigeria’s oil and gas sector and Managing Director of Rainoil Nigeria Limited, Engr. Gabriel Ogbechie,

has made a strong case for massive investments in the agricultural sector of the nation’s economy by Nigerians, saying that there are huge returns in the sector.

Noting that investing in agriculture, ICT, real estate and other potent non oil sector are the major ways to reignite and grow economies globally, Ogbechie, who spoke as a guest lecturer at the Rotary Club of Ikoyi Economic and Community Development Lecture held at the Westwood Hotel, Ikoyi, urged Nigerians to do more in the sector, which he sees as the next economic boom.

Speaking on the topic, ‘Exploring Investment Opportunities in Nigeria’, the Rainoil boss, who is also a huge investor in agriculture, said, “with a population of about 193 million people, which accounts for about 2.53 per cent of the world population, Nigeria presents a very large market for food and agricultural products.”

He observed that Nigeria’s food import bill for 2016 stands at about $22 billion (N6.9tn), which represents about 93 per cent of the 2017 budget, which he described as unsustainable if the economy must grow, hence Nigerians need to now invest heavily in the sector to tap into the huge opportunities therein and support the government’s efforts to take our economy to greater heights.
Available statistics also show that Nigeria is blessed with an estimated 84 million hectares of arable land, representing 77.7 per cent of her total land area, out of which a far less than 50 per cent is currently cultivated, which he said presents lots of investment opportunities.
According to him, contrary to widely held belief that the oil and gas sector is the mainstay of the nation’s economy, he noted that the oil and gas sector contributes only 9.6 per cent of the country’s Gross Domestic Product GDP while the food and agricultural sector accounts for 24.4 per cent of Nigeria’s GDP as at 2016.
He, however, noted that though the “oil and gas sector contributes more in terms of foreign exchange earnings as the country produces about 9.4 million barrels of crude oil per day, which translates to $50million or N90billion per day, a refocusing on investments in the agricultural and related sector will open up the economy.”
Apart from the agricultural sector, Ogbechie also disclosed that great investment opportunities exist in the Information and Communications Technology ICT sector of the nation’s economy, accounting for about 9.8 per cent of GDP as at 2016.
From a paltry $50 million ICT investment in 2001, the investment profile has grown to over $70 billion in 2016, even as the sector has experienced 3.9 per cent GDP growth rate in the last 15 years.
Statistics also show that active telecoms subscribers stood at 139 million as at August 2017, while active Internet subscribers stood at 91.6 million in June 2017, with the sector spending well over $1 billion annually on the purchase of foreign software.
President of the Club, Mr. Isichei Osamgbi, while speaking at the event, which coincided with some of the activities marking the Economic and Community Development Month, urged Nigerians to help Government move the economy forward by taking the guest speaker’s advise of investing in agriculture and other relevant sectors like ICT and real estate amongst others, to grow the economy and create jobs for the good of everyone.

Ogbechie also listed the real estate and construction segments of the economy as another area with huge investment opportunities, accounting for 3.9 per cent of the nation’s GDP in 2015, with a projected GDP growth rate of 10 per cent and an estimated investment in the sector well over $13.65 billion.

He cited the World Bank, 2014 projection, which said that a total of N59. 5 trillion would be needed to plug the housing gap in the country with an affordable housing deficit of 17 million houses with Lagos accounting for 2.9 million of that with an estimated cost of $363 billion, among several other sectors including entertainment.
He observed that if every successful business person come forward with their views like the guest speaker to share their business experience, the nation will be the better for it, noting that Ogbechie having worked at PriceWater Coopers before moving on to set up Rainoil Nigeria Limited, which is today a major player in the downstream segment of the oil and gas sector in Nigeria, is still unrelenting in investing to grow Nigeria economically, as well a pushing his dream of winning more converts to see the golden opportunities in agriculture for the nation and its citizens.
Noting that investing in agriculture, ICT, real estate and other potent non oil sector are the major ways to reignite and grow economies globally, Ogbechie, who spoke as a guest lecturer at the Rotary Club of Ikoyi Economic and Community Development Lecture held at the Westwood Hotel, Ikoyi, urged Nigerians to do more in the sector, which he sees as the next economic boom.
Speaking on the topic, ‘Exploring Investment Opportunities in Nigeria’, the Rainoil boss, who is also a huge investor in agriculture, said, “with a population of about 193 million people, which accounts for about 2.53 per cent of the world population, Nigeria presents a very large market for food and agricultural products.”
He observed that Nigeria’s food import bill for 2016 stands at about $22 billion (N6.9tn), which represents about 93 per cent of the 2017 budget, which he described as unsustainable if the economy must grow, hence Nigerians need to now invest heavily in the sector to tap into the huge opportunities therein and support the government’s efforts to take our economy to greater heights.
Available statistics also show that Nigeria is blessed with an estimated 84 million hectares of arable land, representing 77.7 per cent of her total land area, out of which a far less than 50 per cent is currently cultivated, which he said presents lots of investment opportunities.
According to him, contrary to widely held belief that the oil and gas sector is the mainstay of the nation’s economy, he noted that the oil and gas sector contributes only 9.6 per cent of the country’s Gross Domestic Product GDP while the food and agricultural sector accounts for 24.4 per cent of Nigeria’s GDP as at 2016.
He, however, noted that though the “oil and gas sector contributes more in terms of foreign exchange earnings as the country produces about 9.4 million barrels of crude oil per day, which translates to $50million or N90billion per day, a refocusing on investments in the agricultural and related sector will open up the economy.”
Apart from the agricultural sector, Ogbechie also disclosed that great investment opportunities exist in the Information and Communications Technology ICT sector of the nation’s economy, accounting for about 9.8 per cent of GDP as at 2016.
From a paltry $50 million ICT investment in 2001, the investment profile has grown to over $70 billion in 2016, even as the sector has experienced 3.9 per cent GDP growth rate in the last 15 years.
Statistics also show that active telecoms subscribers stood at 139 million as at August 2017, while active Internet subscribers stood at 91.6 million in June 2017, with the sector spending well over $1 billion annually on the purchase of foreign software.

President of the Club, Mr. Isichei Osamgbi, while speaking at the event, which coincided with some of the activities marking the Economic and Community Development Month, urged Nigerians to help Government move the economy forward by taking the guest speaker’s advise of investing in agriculture and other relevant sectors like ICT and real estate amongst others, to grow the economy and create jobs for the good of everyone.

Ogbechie also listed the real estate and construction segments of the economy as another area with huge investment opportunities, accounting for 3.9 per cent of the nation’s GDP in 2015, with a projected GDP growth rate of 10 per cent and an estimated investment in the sector well over $13.65 billion.
He cited the World Bank, 2014 projection, which said that a total of N59. 5 trillion would be needed to plug the housing gap in the country with an affordable housing deficit of 17 million houses with Lagos accounting for 2.9 million of that with an estimated cost of $363 billion, among several other sectors including entertainment.

He observed that if every successful business person come forward with their views like the guest speaker to share their business experience, the nation will be the better for it, noting that Ogbechie having worked at PriceWater Coopers before moving on to set up Rainoil Nigeria Limited, which is today a major player in the downstream segment of the oil and gas sector in Nigeria, is still unrelenting in investing to grow Nigeria economically, as well a pushing his dream of winning more converts to see the golden opportunities in agriculture for the nation and its citizens.



Source: http://www.anothernigerian.com/2017/10/it-is-more-profitable-to-invest-in.html#more

So what's stopping him from selling his oil assets and invest in agriculture?

Really

Phonefanatic:
Yet he is building filling stations all over

read the article first before posting
the man himself is an huge investor in the nation agric industry. And he is only encouraging more ppl to venture into farming. But the problem with the nation agricultural industry seems to be on transportation,preservatiion and processing

and he keeps building filling stations, depots, oil vessels, tankers, etc everywhere.....

the country produces about 9.4 million barrels of crude oil per day

my lecturer said it; we don't know what we produce in a day, yet 2mbpd or less is the figure always bandied.

Sir, just say that every business has a cycle in every country's economy.

There was a time oil was the deal, cement was the deal, but everyday, agriculture and telecoms will always make profit.

There is always a good time to enter a business sector. If you start a teleco today, you know you won't cope with MTN and GLO, because the investment era in that sector is over.

Oil is volatile, you can make loss last week, and make profit this week.

Nukilia:

This is interesting! How many of these electronics are produced in Nigeria? I feel sad anytime I remember that our Engineering students have become sales men to Asian giants.
Something must be wrong with with our education system!

Enjoy your marketing job

Nice point.

INNOSON did it with cars and motorcycles, yet he is not a mechanical engineer. So its not a matter of certificate.

Nigerians like easy money and easy life. When you talk about agriculture, they frown and say, no we want oil money. When you talk about manufacturing, they say No, we can import it without stress.

OfficialAwol:
He's trying to talk incoming oil magnate like me out of the business so their competition will be reduced.

I'm sorry because it's not working.

okay

The man is tired, bad market dey worry most of his stations,

No b by talking!! Nigeria is still focusing on oil...

OfficialAwol:
He's trying to talk incoming oil magnate like me out of the business so their competition will be reduced.

I'm sorry because it's not working.

Gabriel ogbechie has made it big in oil and gas bro. So it is not about discouraging.

Mrkumareze:
Go siti down nwanne! You are busy building petrol station all over delta and same time giving us another direction .

bro, if you have contrary opinion, if you must protest, if you must disagree. Do it diplomatically and with some respect. I don't understand why people will not read to comprehend. He has been in the business for long, he knows the nitty gritty of the business and he gave his opinion based on that.

[quote author=Ugbavihi post=61916558]The man is tired, bad market dey worry most of his stations, [/quote- Egbon, it is not about bad market, one thing DAT matters when you want to build or buy a filling station is good location, built or renovated it for easy negotiations. These are the watchword for rainoil when buying or building a filling station. Its just quite unfortunate DAT everybody want to build filling station when already there are many filling station. Agriculture, hospitality business brings in a lot money.

We have crude oil for sale in large and moderate quantities....

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Dami.ojo@yahoo.com