₦airaland Forum

I am not tribalistic......99% of Nairalanders are.

What a shame.

And for their mind they want the progress of the country.

That's Insanity!

Oga copy and paste, simple question is their GDP more than ours? Secondly how many be their population compared to Naija.

Cos na wetin GDP/C is a all about!

coputa:
Gabon is a mature oil producer in West Africa, and its government derives a significant amount of its revenue from crude oil production. Revenue from petroleum and other liquids represents about 45% of gross domestic product (GDP), and petroleum and other liquids exports accounted for nearly 74% of total export revenue in 2019.
In 2019, oil-based GDP growth is estimated to be 7.9%, and the overall GDP growth is estimated to be 3.4%, according to the International Monetary Fund.
Gabon officially rejoined the Organization of the Petroleum Exporting Countries (OPEC) in July 2016. Gabon was previously a member of OPEC from 1975 to 1995, but it left the organization because of high annual fees.
In 2011, the government created a national oil company (NOC), the Gabon Oil Company, to increase the government's involvement in oil production by taking equity stakes in future awards.
Petroleum and other liquids
Gabon is among the top five oil producers in sub-Saharan Africa and has 2 billion barrels of proved crude oil reserves, including lease condensate reserves, according to the Oil & Gas Journal. The major international oil companies (IOCs) operating in Gabon are Total, Assala Energy, Perenco, Addax Petroleum, and Vaalco Energy. The IOCs have operations primarily in Gabon’s offshore fields.
Gabon produced about 201,000 barrels per day (b/d) of petroleum and other liquids in 2019. Low oil prices and mature oil fields have caused Gabon’s oil output to decline. Total oil production has decreased by more than one-third since its peak of 370,000 b/d in 1997.
China’s share of Gabon’s total crude oil exports increased significantly from 15% in 2015 to 74% in 2019. Other major export destinations include Singapore, South Korea, Australia, Malaysia, and Italy.
In mid-2019, Gabon enacted the 2019 Hydrocarbon Law to reinvigorate its oil market and support its 12th bidding round for the allocation of 23 deep-water and 12 shallow water blocks. The new law decreases by half the government’s participation, to 10%, during development and exploitation. The law caps the increase of cost recovery at 70% and 75% for conventional areas for oil and deep and ultra-deep areas for oil, respectively. The law also establishes an option to renegotiate if additional discoveries are made and extends the exclusive authorization timeframe.
Following the Ivela-1 and Boudji-1 discoveries and the ratification of the 2019 Hydrocarbon Law, Petronas signed an exploration and production contract for offshore blocks F12 and F13. The blocks are expected to yield 200,000 b/d. Gabon plans to auction 35 blocks in the current offshore licensing round.
Gabon has a single refinery, the Sogara Refinery, which is owned by Société Gabonaise de Raffinage (SOGARA) and is located at Port Gentil. The aging refinery, which routinely operates below capacity because of maintenance issues, has a crude oil distillation capacity of 24,000 b/d.
Gabon and South Korean company Samsung signed a memorandum of understanding to construct a new 50,000 b/d refinery in Port Gentil to replace Sogara in 2012. They later abandoned these plans.
Natural gas
Natural gas production in Gabon was about 13 billion cubic feet (Bcf) in 2018. According to the Oil & Gas Journal, the country has approximately 900 Bcf of proved natural gas reserves, most of which are associated with its crude oil fields.
Gabon consumes all of the natural gas produced domestically and uses natural gas for reinjection into oil wells to enhance oil recovery. Gabon aims to use natural gas for two planned fertilizer plants and future petrochemical projects.
In July 2019, Perenco procured the license for the Olowi field, which is estimated to hold 0.85 Bcf of potential natural gas reserves. Royal Dutch Shell also discovered natural gas in the Leopard-1 well in 2014.
Electricity
Total installed capacity in Gabon was 750 megawatts (MW) in 2018. Thermal power from fossil fuels accounted for 56%, or 418 MW, of total capacity. Hydropower represented 44% of total capacity. Biomass and solar accounted for the remaining 2.2 MW.
Total electricity generation in Gabon was 2.2 billion kilowatthours (kWh) in 2018. Generation from fossil fuels accounted for 58%. In 2018, hydropower generation decreased slightly to 892 million kWh from 920 million kWh in 2017.
According to the latest 2018 estimates from the World Bank, 93% of Gabon’s population has access to electricity. Gabon’s urban areas consume most of the country’s generated power and have an electrification rate of 97%, but the electrification rate in rural areas is substantially lower, at 63%. The government of Gabon plans to provide electricity for 85% of rural regions by 2025.
Gabon’s growing and urbanizing population and its industrial development are straining the country’s power generation capacity. To meet the country’s electricity demand, Gabon continues to invest in new hydroelectric power plants. In early 2019, the African Development Bank (AfDB) and the Gabon Power Company (GPC)-Eranove Consortium agreed to finance construction of the 73-MW Ngoulmendjim hydropower plant by Asokh Energie and 15-MW Dibwangui hydropower plant by Louetsi Hydro. The Dibwangui plant will electrify the rural communities in southwest Gabon, which previously did not have electricity.
In October 2019, French fund manager Meridiam signed a 33-year concession contract with the government of Gabon to construct a 34 MW hydropower plant on the Mbei River, 100 kilometers from Libreville, the capital of Gabon. The Kinguele Aval Hydropower Project will be financed in part by International Finance Corporation (IFC), the African Development Bank (AfDB), the Development Bank of Southern Africa (DBSA), and the Islamic Development Bank (IDB). The Gabonese Fund for Strategic Investments (FGIS) and Meridiam will fund 25% of the project. It plans to provide 13% of Libreville’s electricity needs and is expected to replace some thermal capacity. Construction was scheduled for the second quarter of 2020, but it has been delayed following the outbreak of the novel coronavirus (COVID-19). Meridiam expects the project to be completed

Oga ur logic is flawed.

SmartPolician:
Nigeria's wealth circulates among a few people. If you calculate GDP per capita, Nigeria should be among the poorest countries of the world because this country has a lot of poor and unproductive people

You and who are the Yoruba Muslims? Separatist gang sighted here. Mayday! Mayday!

agulion:
Are you too not criminals, We Yoruba Muslims are not happy the way this matter was treated, the federal government should immediately release Nnamdi KANU,

[quote author=docdes post=132753751]Whoever is the President of the US gets to affect you almost more than who is the President of Nigeria. This is because the economy is now more global than local, and the US controls the economy.

Na before US dey control the economy, not now, and it's even getting worse, BRICS seff dey add fuel for the fire.

Life na turn by turn, power must change hand......Trump knows it, that's why is campaign is all about "making them the most powerful nation again"

When it comes to the common people, government have no business in running a business, when it comes to dem dem....government must come and rescue their business.

2024 never end, like 1000 ppl go still cast for this country.....

GloriousGbola:
it is called the free market. there are multiple isps out there with different price and quality. if i have been managing cheap low quality petrol in my car all this while, what is the benefit i will get from dangotes expensive high quality petrol?

dangote should stop looking for a subsidized government monopoly.

"(NMDPRA) does not even have laboratory facilities which can be used to detect substandard products when imported into the country"

All these years Una don dey sell us substandard products nothing xup, u think say u wise....oga u new for this game, dem go open ur yansh again u go shut up.

All our refinery no work, and yet if u can dream it u can do it.......dem suppose put u with diddy inside one room for like 2hrs, shebi na OYEL business una 2 dey😜

Oh....so u think "work" in the concept is a job? Wahala

Egalitarian1:
Obi is 100% correct.

James said it that faith without work is dead in itself

The headline is wrong, most ppl no get toilet yes, but not all.

Na rural area, local hunters, farmers and so on, having a toilet is expensive to them.

Tell me one state wey no get pit latrine AKA shalanga....it's still exists in Lagos State, FCT.

Wetin I see for comments it's sad, na still Tribe we dey try defend? Dis one civilize pass dis one.

If we no fit grow pass dat, I believe say the people wey dey Jago Village seff better pass us.

E no pass like dat.🤐

"Since Mr Tinubu assumed office on May 29, 2023, announcing end of fuel subsidy, petrol price has jumped from N145 to over N1000"

Really 145? But nobody go see this one!

If na even simple Test dis govt do to see if Nigerians get 🧠 see as una prove dem right

Una expect me to believe this one? Abi una won use am motivate the VIO officials wey dey find Xmas/travel money? U better remove this lie.

Guy, wetin be all these na!
Mother superior bawoo?😜

tishbite42:
Founding father ko, Mother Superior ni
Foolish military
🤣🤣🤣🤣

Naija na land of opportunities, na u neva tap am well. See as VDM don come get structure pass most celebrities. Like em or hate em.....the guy they enjoy em seff.

I know say em dey live rent free for some ppl head sha....what is my own?

U gonna learn!

Why make a move when u don't see a possible future accomplishment? Make we see as e go end.

OChimex:
The truth is almost every country of the world trade with the US. They dominate tech, engineer, medicines name it. YouTube go say, monetization go be only in dollar. Lol...Google, iphone, Facebook, oracle...
Then everybody brain go reset.
Every country almost has the US as their highest business partner.

He's talking nonsense? Wetin u cum talk now Mr Wisdom?

JASONjnr:
He should stop talking nonsense.....

The people who protested to see to the justice of 20/10/20 where arrested.

The people who protested this year also where arrested and tagged as treasonous for protesting.


How can a common man express it's dissatisfaction about the government when we can't easily reach them ?

If you use the media, they will easily track you down and arrest you. But if you have your car stolen, you can't track the car or your phone because the tools are kept for politicians alone to use and oppress the poor.

I no no why e dey pain ppl, u follow among those wey dey call am gay abi those ppl wey dey troll am? E no fit like everybody, fact.

Na only am sabi em ppl....so if e dey pain u, go nack head for wall. U hate the guy and yet u want give away! Ogun kii u there!

This is 2024 I believe we suppose don know the different btw fraternity, cultist and a gang.

These people were neva cultist, they started as fraternities.

These people be human beings like us, dey did their part early that year, fighting the oppressor (bad governance).

Government know say if dem allow dem get more power (people), na problem e go be for dem. So dey did what bad government do....they infiltrated all the frat, pump money to their different organisations. As we all know GREED na one powerful emotion especially for country we no gallant.

Fraternities with ideas wey follow common man reasing, now don turn Gang, wey be say na only money and killing they make their pennis rise.

I dey chill with one gang member, wey for em mind say em dey fight for equality and social justice, em dey clear me say " If killing no dey, Game no go sweet" which kind paw paw yan be dat....person wey call em seff wise. Na em I return am back say " KRF go squeeze the life out of all em gang if dem continue to dey get that kind mindset.

E won change am for me o, na em I tell am say "Before u WAKA, I don be LOD....OGUN kii u dere FEM THERE".

Blessed week ahead folks

Abeg what's ICPC and what is EFCC ?

Just dey waste Billions of tax payers money!

Falana....u seff don they shut up to chop up!

The problem is that, there is no sender! All the money wey enter na 1k, 2k, he woke up this morning to have a balance of additional 100m. The last sender na 1k, em balance sky rocket 🚀

Na set up, dem load em account....evil people. Dem won charge am with money laundering for future, yeye dey smell, dey think say VDM go greedy, ......Shut up to chop up! Big LIE

The problem is that, there is no sender! All the money wey enter na 1k, 2k, he woke up this morning to have a balance of additional 100m. The last sender na 1k, em balance sky rocket 🚀

Na set up, dem load em account....evil people. Dem won charge am with money laundering for future, yeye dey smell, dey think say VDM go greedy, ......Shut up to chop up! Big LIE

Conwarden:
Hmmm . . .

He is right to be scared of setup.
But he can easily get the details of the sender from his bank.
If the bank refuses to disclose such, he can get a court order compelling the bank to do so.
Or he can just report the deposit to his bank as a suspicious transaction and let the bank worry about it.

If on the other hand it happens to be a genuine donation from a clean source, it just goes to show how very far a good name can take one.

In all your doings, try dey maintain good name and good will . . . e get many whys.

It's one of the many reasons why we passionately hate scammers and the collective disrepute they cast on all honest Nigerians outside the shores of this country.





Life sentence for all scammers . . . Including paternity fraudsters!.
SLOW, PAINFUL AND UNTIMELY DEATH FOR PARENTS WHO SEND THEIR WARDS TO HK TO LEARN YAHOO

Sit it out? Well done

Odin13:
If I be bob..

I will just sit it out.., no apologies.. no comment

Those that said I say.. should go and bring evidence of me saying..


As long as no one is coming with real evidence aside heat say and audio..


I will sit it out and Sue their foolishness for 20 billion .. on defamation and libel..

Politics 101......5 unit course

TheTundeMuniru:
Nah! He's a typical example of a shameless man who knows how to fight for his stomach very well.

He should be ignored, he's not like us. This is not about supporting Tinubu or not.

Atiku......lol

Richtaiwo:
Why should Atiku be ignored?

Fyi, I support Tinubu and indeed, even more than you. But on the current economic situation, Tinubu has failed woefully.

From N198 under Buhari, to N1030, yet no improvement in workers salary. How do you justify that? Pls don't even talk about the jaundiced 70k minimum that it's implementing is still shrouded.

Bad idea....no even think am, wetin dem won use gun dey do? Dem neva reform police, soldiers dey carry gun upandan, now dey won arm FRSC.

FRSC VS soldier loading....0%

Eleph:
Not a bad idea if properly administered.

After what happened at Lekki toll gate and across Lagos state, ppl no to get the genuine spirit to come protest.

Give ppl free will to loot, protesters go full Lagos State, but as Government don employ all area thugs (chief looters) everywhere choke.

Average Nigerians no won die, when e reach that level nobody go tell us say na fish dey inside sardine.

Plus government knows how tribal card dey play, dem still use that one dey divide the people.

We add, government multiply, we subtract, government still divide us. Who come smart pass?

Why dem comot subsidy? Corruption!

Was there any investigation on who and who dey blow the money? No!

If we no fit get president, wey go address this mata, we going no where.

These people must go jail, abi na apartment dem dey call am now. Make dem just go one.

After corruption, na corruption go still end am. It es well.

Nigerians, I hail thee. Everybody na oppressor las las...this I better pass my neighbour mentality is worrying.

iPhone better pass android, na to oppress ur fellow neighbour.

Na wha

To you, yes

To him, e don dey attract better contract, as crazy u think this is, marketing na MarKetinG

bluefilm:
That's nonsense

Absolute nonsense

Where is the data backing this claim? Una go just wake up put figures outside, this is an incomplete information.

Total numbers of teachers
Total numbers of Qualified teachers
Total numbers of Unqualified teachers......make we start from there, but normally, Nigerians go just jump ontop flawed info

Na bad news dey sell pass

Everybody, always have something to say

Pepperdemisback:
Fela sang and told everyone that his mother was killed by being thrown down from upstairs. But why didn't Fela sing when he flogged somebody's father to death? Fela flogged a sick Electrician to death and nothing happened up to date.
IBB released him to shut his mouth, that's when Fela stopped criticizing IBB.
The Electrician and his family got no Justice up-to-date and matter swept under carpet. Was Seun and his whole family aware or not? Now, he wants Justice concerning Bobrisky.
What a hypocrite!

U won chair the online gossip association? Person wey actually talk seff don japa, plenty yansh go open very soon.

Benbellamor:
@ Seun kuti, It Seems that whenever you are High, you need to be tamed, You are reversing your Ealier stand now because you are more elated before unlike now that you have realised that Mr Falana never had any contact whatsover with Bob, when we point out your hypocrisy, Number 1, Pa Falana was not in any contact with Bobrisky, Do you have the patient to establish that? no....& That his son falz name beign mentioned, ......that 'if he can reach his father femi falana'' and NOT that ''he has reached Mr Femi Falana'' on that basis of ''if falz can reach his father'' VDM added what Bobrisky did not say....Seun you are in a better position to Guide VDM but you showed that in your inner mind, you are Jealous of Falz...you want to embaras Falz thats why you deliberately told VDM to cause the Malicious damage to an innocent Man who was your mentor from age 9, but you are jealous of his son Falz success...what an Irony of Life. i still love your Brother Femi Kuti, he is the one keeping the legacy of Fela Kuti, not you Seun...you need to spend more time on your Music carreer ...your last Tour was a Flop...imagine your Dancers can't even sync well with your percussionists, you Back-up vocalist were singing on Flat notes ....even Fela will not sit and watch your latest shows.....Go and fix yourself....we cant even point to a single hit of your songs....there is more time to improve yourself, leave online Gossips..my 2 cents Advice 4 u