₦airaland Forum

It may only work if Fashola is president while Buhari is vice.

Jayboy124: If you have enough money, co-produce with the big players of Nollywood. There are Nollywood films that has made big money at the box office. Look for guys behind these movies, sit down and discuss with them.

If not, you can try some independent stuff.

If not, you can go the Idumota way too.

As a banker, I believe you know that every business venture can be very profitable and/or can also make you loose money. So like the first person advised, please do a lot of research. Your bank experience has to give you an edge in the research. Movie business is risky.

Wish you all the best.

Please could you explain "the Idumota way"? I will be glad to learn what that means. Thanks

[quote author=Okija_juju]I am an honest person and I'm always looking out to learn.

Please what are the parts produced locally by innoson?!

My post is without malice just so you know. I respect Innoson as a business and appreciate what they are doing. But if we are to keep an open market policy devoid of undue infulence and interferance, then Let innoson do their homework and learn how to market their product rather than this idea of "PATRONIZE just because its ASSEMBLED in Nigeria". If thats the case, then we have two other assembling conpanies in Nigeria that we have let to die namely Volkswagen of Nigeria & Peugeot Automobile Nigeria, why isnt anyone calling their names either?!

If the product is good, it will naturally appeal to and sell. Undue patronage in the interest of "NIGERIAN GOODS" will not help innoson, rather make them complacent. LEt us separate state from personnal business. Innoson in not on the NSE, any profit realized is all into one mans pocket, so whats all this nonsense about?! We did the same shit with Dangote and co and today look at the result! Nigeria banned the importation of rice YET stallion group and Dangote were selling a shitload of rice daily, question is "If we didnt have farms, where were their rice coming from?! Same for many other products like cement and co. . .

Throw the market open and regulate the stugg that comes in. . . I MArcopolo busses are more durable and better value for money, why stick us with Innosson?!

Thats how in the name of "Patronize made in Nigeria products", we also banned the importation of toilet roll, forgetting that most locally manufactured toilet rolls were too harsh and injured sensitive yanshes such as mine. . . .

#justsaying![/quote]Oga why not look at it this way:
1. Innoson is not marketing you, cause you cannot even afford a Marcopolo bus, and am sure you have no influence on anyone that can afford a Marcopolo bus.
2. Take a tour around with your eyes open and you will notice increasing number of transporters that are buying Innoson Busses. We will try to find time and remind you of this your post a few months or years from now.
3. Did i hear you say Innoson does not produce any part but assembles all?? Can you say how many components make up a fully functional bus?? Try and take a trip to any of the Innoson factories in Enugu or Nnewi to see what parts they produce and the ones they have to import.

Ignorance is terrible. Exhibiting it openly is ....

Haters every where. Yes it was ASSEMBLED!!! in Nigeria (Nnewi). Go and assemble your own now. Or go and make your own or manufacture your own, whatever word will make the difference for you.

Its a pity some ppl simply want to hug transformer when they hear GEJ. Funniest that these ppl are just internet warriors.
The most constant lesson from Nairaland is that opinion in nairaland is far from reality on the streets of Naija.

@OP try to read about rubber bullets before starting such a topic.

Whistling .....

honeric01: Lol a newbie, your eyes go soon open

Please open my eyes so i can see why i should vote for an old mullah GMB, and not a younger achiever. By the way 2015 is still 3 yrs away, why are you guys getting so worked up??

@ Kobojunkie, lol no be small thing.

Kobojunkie: ^^ the feeling is mutual . . . .

Again, you are told you should vote only for persons who are not only younger than the set of old geezers we have had so far, but this person should be accomplished and a high achiever. What of those words are you having a hard time with? Do you not know what it means for a person to be accomplished? Do you not know what it means for a person to be ambitious? A high-achiever

Here you are asking me a question even a primary one pupil would not ask . . . and you feel I am the one feeding you poo?? ggrrrr!!!!

Here comes the Buhari story again.
Some ppl say Buhari for president and Fashola as Vice. TOTAL RUBBISH BUHARI WILL LOOSE AGAIN

How about Fashola as President and Buhari as Vice?? I may consider voting Fashola President Buhari vice.
But Buhari President We will meet him at the pools. In 2011 at my polling unit, he got 4votes while GEJ got 230votes, this time he will not get any. They gave him that 4 votes as a farewell gift since he was quiting, but since he is still running or going to run even though we know not where he is running to, this time no vote for him at all. It will be just safe journey GMB.

Read the full story on vanguard! You are also free to take STF to court asking them to bring proof.

How has Buhari transformed his LG, or state to your admiration? I thought charity starts at home. with the little influence he has, he should have used his influence an money to transform the army of almajiri atleast in his state to productive youths. but no he used it to incite mass murder and unapologetic about it. let him start by transforming his LG and state b4 the 2015. and now he cant keep his words too. height of desperation.

DO your best to visit and spend at least 2 nights in PH, Owerri, Asaba, Calabar, Akwaibom and lastly Enugu. Bearing your intended business in mind, you will be able to make an informed choice or at least narrow down your choices. I have been to all of them, i choose Enugu only because PH is really rowdy for me, that was then. Guess what, now enugu got even better thats why i suggest you visit enugu last.

Haters Haters! Well we shall see. Me thinks its easier to wake a man than to put him to sleep. A ppl that woke from sleep and found their voice it will be interesting to find the army or region that will put them to sleep again and shut their voice. Now they can also fight so they are wide awake, speaking louder than ever and ready as hell for a show down.

You used to rule or have power is history, talk about now.

I think we should all support the FG. Even if Nigeria looses more in the long run which i doubt. But it makes coward of us if we keep mum and swallow it. You have more respect when you fight with your might but loose than when you take off instead of fighting.

YES, forget these per capita figures! I agree the North is poor. Yes, I agree the poverty has bred millions of destitutes, who have become instant and easy recruits for Boko Haram. But my question is: Who impoverished the North?

A caveat: I am an unabashed capitalist who believes that every citizen has a right to do good business and make profit. I salute hard work and do not disparage honest efforts. However, uncompassionate capitalism driven by pulleys of aristocracy breeds a brutal class order worthy of condemnation.

In my last article titled – ‘El Rrufai’s amnesia: The day Boko Haram Wore Jeans’, I categorically stated that greed and the senseless chase for power by the Fulani aristocrats and political elite of the North are responsible for the extreme poverty of the North. I still and will always stand by that. My position did not go down well with my targets; they responded vituperatively.

Mallam Sanusi’s statistics was intended to mislead us by ruffling the rudder of our common sense. See, Ekiti state has a 2012 budget 0f N88 billion; Kwara State, N90 billion; Cross River State, N144 billion; Anambra State, N82 billion; Enugu State, N74 billion. Now let’s look at the 2012 budgets recently passed into law by the four major Boko Haram occupied states – Kano State has a budget of N 210 billion; Borno State, 150 billion; Gombe, N94 billion; Yobe State, 80 billion.

A simple comparative analysis shows that Ekiti State has about the same revenue as Yobe and Gombe, but only 17 students passed WAEC and NECO in Gombe state last year, while Ekiti is known for its high literacy level. Gombe State has a bigger budget that Enugu and Anambra, why has MASSOB not  bombed anyone.

Borno State has a budget twice that of Enugu State but the poverty and unemployment level in Borno State is more than thrice that of Enugu State. Borno has a bigger budget than a Niger Delta state – Cross River. While the leaders of Cross River over the last decade have transformed it into the nation’s leading tourist destination; those of Borno have transformed it into a Somalia.

Kano State gets the highest statutory allocation from the Federal Government, because on paper Kano is the most populated state in Nigeria, yet Kano has about 1.6 million destitute Almajiris. Kano has a budget almost thrice the budget of Enugu, twice the budget of Kwara, Anambra and Ekiti, but how come almost 90 per cent of students in Kano fail WAEC? How come the poverty level in Kano is higher than all these states put together? Why is the North so poor? From the figures above I have shown that Southern states with lesser budgets have shown better development performance than most North Eastern states with bigger statutory allocation and budgets.

Now, I need to tackle the sensitive question of revenue allocation that has infuriated the Mallam Lamido Sanusi and Mallam Elrufai and their likes. Niger Delta states get higher revenue allocation because they contribute virtually all the eggs in the national crate. That is expected. Albeit the 13 per cent remains grossly inadequate, the CBN Governor has suggested that his Boko boys are resisting the disparity.

I want to posit that the North-East through their aristocrats and ex-military rulers (except Gen. Mohammed Buhari) rake in more oil money (from the Niger Delta) individually than any Niger Delta state, and collectively more than twice the entire Niger Delta put together. In this disquisition, I have attempted to show that 80 per cent of crude oil and gas produced by indigenous companies is controlled by the North-East. It is an area they have well conquered through Generals IBB, Abacha and Abdulsalami. However, the loots never get back home.

Uneven nature of the distribution

In this first part I will attempt to describe the very uneven nature of the distribution of the nation’s wealth among the Northern aristocratic families and their military generals who for decades looted Nigeria. They did so blatantly, and while Nigeria was weeping about oil windfall loot and others, Nigerians would wail if they know how much of the nation’s resources these folks allocated to themselves and their business fronts before they stepped aside.

Let us therefore begin: To the state of origin of Boko Haram: Borno State. Enter Cavendish Petroleum, the operators of OML 110 – with good yielding OBE field. This oil block was awarded to Alhaji Mai Deribe – the Borno patriarch, who even in death will remain the richest man dead or alive in the history of Borno State – by General Sani Abacha on July 8, 1996. OML 110 has a proven oil reserve in excess of 500 million barrels (more than the entire 300million barrels reserve of Sudan). As yet with the capacity to produce about 120,000 barrels of crude oil daily from its OBE 4 and OBE 5 wells. At optimal production levels, Cavendish nets circa N4billion monthly in crude oil sales (using current oil price of $100pb). Cavendish Petroleum’s N4bn monthly net dwarfs the monthly statutory allocation of Borno which is about N3bn and its internally generated revenue staggers around N1billion.

His mansion in Maiduguri has become a tourist attraction. A simple Google search will throw up different perspectives of Mai Deribe’s palatial home.

Enter Oriental Energy Resources Limited, a company owned by Alhaji Mohammed Indimi, a Fulani and close friend of General Ibrahim Babangida. Also worthy of note is that General IBB’s first son is married to Alhaji Mohammed Indimi’s daughter – Yakolo Indimi-Babangida, who also serves as a director in the company. Alhaji Indimi hails from Borno State.

Good yielding offshore oil blocs

Oriental Energy Resources Limited runs three oil blocks: OML 115, the Okwok field and the Ebok field. OML 115 and Okwo are OML PSC, while Ebok is an OML JV. All of them good yielding offshore oil blocks. OML 115 on its own is 228 sqKm. On OML115 Oriental Energy Resources Limited has 60 per cent while Equity Energy Resources AS. On Okwok, Addax has 40 per cent and on the Ebok field, Oriental Energy Resources shares with none: its 100 per cent. AMNI produces twice as much as Cavendish Petroleum.

I will then shift to the centre of the aristocratic hegemony in the North East – Kano. Here. Enter the Fulani Prince Nasiru Ado Bayero, Mallam (Prince) Sanusi Lamido Sanusi’s cousin. He is a key shareholder and director in Seplat/Platform petroleum operators of the Asuokpu/Umutu Marginal Field with a capacity of 300,000 barrels monthly and A 30mmfcsd gas plant capable of feeding 100MT of LPG. The Ado Bayeros, Yar’Aduas and Atiku Abubakar are Nigerian directors of Intels. It is a private port that has grounded three Federal ports in the South. Intels is discussed later.

Enter South Atlantic Petroleum Limited (SAPETRO). South Atlantic Petroleum (SAPETRO) is a Nigerian Oil Exploration and Production Company that was created in 1995 by General T. Y. Danjuma. General Sani Abacha awarded the Oil Prospecting License (OPL) 246 to SAPETRO in February 1998.

The block covers a total area of 2,590km2 (1,000 sq. miles). SAPETRO partnered with Total Upstream Nigeria Ltd (TUPNI) and Brasoil Oil Services Company Nigeria Ltd (Petrobras) to start prospecting on OPL246. Akpo, a condensate field was discovered in April 2000 with the drilling of the first exploration well (Akpo 1) on the block. Other discoveries made on OPL 246 include the Egina Main, Egina South, Preowei and Kuro (Kuro was suspended as a dry gas/minor oil discovery).

Barrels of condensate

In June 2006, General TY Danjuma divested part of its contractor rights and obligations to China National Offshore Oil Corporation (CNOOC) for $1 billion (N160bn). Akpo exports about 230,000 barrels of condensate daily. Condensate export is not regulated by OPEC, so SAPETRO/TOTAL exports as much as possible each day. Egina exports about 75,000 barrels of oil daily.

Therefore, Akpo and Egina fields export just over 300,000 barrels of oil/condensate daily (three times what the country Ghana exports). SAPETRO (TY Danjuma) get 25 per cent of this. Now, note I have not talked about the gas component – it’s about 2.5 trillion cubic feet. The money SAPETRO nets each month is more than the monthly statutory allocation of all the Niger delta states combined and also more than the oil revenue of Ghana. Do your maths.

Enter AMNI (or is it AMIN?) International Petroleum Development Company. AMNI owns two oil blocks – OML 112 and OML 117. In the production sharing contract, AMNI gets 60 per cent for owning the oil block and Total gets 40 per cent for providing technical advice. OML 112 was awarded on the 12/02/1998 while OML 117 was awarded 06/08/1999 all by Gen. Abdulsalami Abubakar. Operations started on both blocks 0n 26/02/2006. The licenses are due to expire 11/02/2018 and 05/08/2019 respectively. (Now you see why the next election is important?)

The Okoro and Setu fields in OML 112 are operated by Afren Energy, a company substantially controlled by Rilwanu Lukman. The Okoro and Setu oil fields have about 50 million barrels in reserve and currently produce/exports just a little below 20,000 barrels per day. The chairman of AMNI International Petroleum and Development Company is Alhaji (Colonel) Sani Bello a Fulani from Kontagora, Niger State. Lest I forget, Alhaji Bello’s son – Abu, is married to General Abdusalami Abubakar’s eldest daughter.

Enter Express Petroleum and Gas Limited floated by Alhaji Aminu Dantata. General Abacha awarded him OML 108 on the 1st of November, 1995. CAMAC Houston, a company owned by Kase Lawal bought 2.5 per cent of Express Petroleum’s 60 per cent holdings. The other 40 per cent on OML 108 is owned Sheba E&P Limitedi.  SEPCOL operates the Ukpokiti offshore field in Shallow water Nigeria, which was acquired from ConocoPhillips in May 2004.

Enter Shebah Exploration And Production Limited (SEPCOL) . It is the operator of the Oil Mining License 108 offshore Nigeria. Head office is in Lagos, but ‘head quartered’ in Minna.

Enter Consolidated Oil. Conoil Producing Limited is an integrated upstream oil and gas company. They are the operator of six blocks in the Niger Delta as well as 25 per cent Equity holder in the Joint Development Zone (JDZ) Block 4. Corporate Head office is in Lagos, but its ‘Headquarters’ is in Minna, Niger State.

Conoil signed a technical operator agreement with Continental Oil and Gas Limited (CONOG) to provide 100% funding and technical service agreement to operate blocks OML 59 on a 40 per cent (Conoil) / 60 per cent (CONOG) basis. Conoil entered into a Production Sharing Contract with the NNPC by virtue of an agreement executed on October 17, 2008.

Conoil’s has overall potential hydrocarbon resources of over 1.0 billion barrels of oil and 7.0 trillion cubic feet of gas. General Ibrahim Babangida awarded the first oil bloc to Conoil in 1991. The company produces about 100,000 barrels per day.

Enter Rilwanu Lukman, another Fulani multimillionaire with controlling holdings in Afren, the operators of AMNI oil blocks and also with very key interest in the NNPC/Vitol trading deal, Vitol is a London based oil trading company. Vitol lifts 350,000 barrels of crude oil daily from Nigeria.

Enter Intels and the Yar’Adua, Ado Bayero family and Alhaji Abubakar Atiku. The Oil and Gas Free Zone and Oil Services Centres, as well as support bases, are operated from government-owned facilities, leased to Intels under long-term agreements. Intels runs a ‘private port’, a venture that has systematically killed the Calabar, Warri and Port Harcourt ports.

More money in profit
http://www.vanguardngr.com/2012/03/derivation-and-deprivation-why-the-north-is-poor/


There are over one hundred major companies operating at the Intel facility in Port Harcourt. The company makes more money in profit than the government of Rivers, Bayelsa and Delta states put together. I shall give details and figures in part two of this disquisition.

Finally, let me introduce you to NorthEast Petroleum. The name is as clear as the message it sends. I do not need to write so much about NorthEast Petroleum registered as NorEast. NorthEast Petroleum Nigeria Limited is the holder of OPL215 license, covering an area of 2,564 square kilometres in water depths between 200 to 1600 metres. NorEast is the parent company of Rayflosh Petroleum Nigeria which got the 2005 bidding round and was awarded the blocks OPLs 276 and 283 closing thereupon a Joint Venture Agreement with Centrica Resources Nigeria Limited and CCC Oil and Gas.

Not surprising, NorthEast Petroleum is owned by another Fulani businessman from the North East, Alhaji Saleh Mohammed Jambo. The license was awarded to him by General Ibrahim Badamosi Babangida in 1991 and then renewed in 2004. So far $50million has been spent on the very promising Okpoi-1 and Egere -1 exploratory well.

In the Part II, we shall finish the discussion. We will table other North Eastern billionaires who make more money than their states of origin from Niger Delta oil blocks.

With all these oil blocs owned by ‘North- Easterners’ in the Niger Delta, it should be clear to El-Rufai and Sanusi who really benefits from the Niger Delta Amnesty Programme.

Sadly, the National Bureau of Statistics Poverty Profile Report just released shows the North East as the poorest region in the nation with 69.1 and 76.3 as absolute and relative poverty levels respectively, while the South-West had the lowest poverty profile with 49.8 as absolute poverty level and 59.1 relative poverty level. With these figures from the National Bureau of Statistics, I rest my case. The rich man’s wealth is his strong city: the destruction of the poor is their poverty. Let us reason together.

Businesstools:
Businesses fail everywhere,Nigeria is no exception.But the incidence of failure can be minimized with effective business planning.Prospective business owners are encouraged to conduct adequate feasibility studies before venturing into business.They should also avoid the bandwagon.Innovation is the key to success in business.

an american writter claimed that 9 out of 10 new start ups fail in first five years. He didnt mention nigeria there.its not perculier to nigeria, a lot of things can lead to business failure anywhere not just Nigeria.

pDude:

So forking what? Who made you lord and master over who should and should not sing worship songs? Who do you think Jesus came to save? Did he come to save christians or sinners (Ogboni)? Mr. Judge and Jury. He without sin cast the first stone.

Useless thread you have created. Mtshewww!!

Remove the mountain in your eyes before removing the speck from his own.

Moderators please close this useless thread. Nonsense and stu.pidity of a thread.

Well said!
@OP read the story of the good samaritan, i assume you are a christian.

[quote author=Niger_d link=topic=872663.msg10210467#msg10210467 date=1329410731]You know its going to be an easy passage for people of the underworld, Boko haramist and Smuggler can bring in arms and other illegal things into the country,[/quote]Very true!! I feel he should have stopped them from extorting motorists without taking them off the road. I drove from enugu to awka recently and it was a smooth ride, no police on the way. But i must admit that a part of me was scared that bandits could now have easy highway operation.

its not by force, if you want it now now find someone else. She may have one or two more options to explore b4 settling 4 you. Cant she redeploy?? like many posters said, if you trust her, wait. I wonder who on this earth can still trust women on these kind of issues.

Cause the alternative are frustrated PDP defectors. Cause the alternatives are worse crooks, cause the alternatives blab and gabble when asked for blueprint of how they would do it differently. Cause the alternative are not sincere and engage in dirty fighting. Cause the alternative are bad loosers. Cause the alternative are insincere, looking at their personal lives you will see volumes that they would be worse. List goes on and on.
I am no fan of PDP but havent seen any better than they are. If you have list the example.

Wondering how frustrating it is for some pple to sleep and pray that some bad news comes up next morning so that GEJ will be tongue lashed. They even pray he speaks or takes action or be inactive in order to see a reason to bash him. It must be a very frustrating way of living. I would get down to business and do my own part with the most effort to make my community and Nigeria at large better, not sleeping waiting for any news to ambush GEJ.

Moral of this:
The "common man" is as much a problem to this country as the corrupt politicians. It happens everday we even see it daily but we rather prefer blaming ppl like GEJ for everything.

Osama10:
What else are they going to do than the bombs and shooting?

My dear i wonder oohh, and those that fear them na wa for them.
I wonder why some nigerians are scared of dying especially for something worth it. Death will come to everyone and you dont even know when, no one can guarantee his tomorrow.
So if you have a boko close to you while he is about blowing himself up or killing you and/or others, do it to him first b4 its done to you. Even if you escape boko ram bombs or bullets you will still DIE! (armed robbers bullets, potholes on the road, accident, cancer, AIDS, drunk driver, police accidental discharge you can even add to the list). True christians shouldnt be scared of dying.

There is a saying that when a dog gets very sick, it goes to a far away place by itself to die.

ARES:
untill GEJ realizes that secret assasination is an integral part of governance in a country like ours, then our problem will still be on the rise,  we are here calling for investigation and increased military presence, what will happen if your investigation finds out that borno state gvt is the problem we have or some emir is responsible, wht will you do, try him in a court or warn him to stop what he is doing,  assasinations are vital ingredient for governance no matter how much it goes against your morals as a president, that is part of your job description

GBAM!!!!

You are absolutely right. I wish he could understand that you can not hold power and be self righteous. If he is guilty or involved, but you cant arrest him or try him in court due to politics, you assassinate him. Simple. It works for Isrealis, it works for Americans, its called NATIONAL SECURITY!!!

rasputinn:
Anybody can gather anywhere as long as the ngathering does not threaten public peace,as long as they dont disturb any other person who does not want to gather with them,or those that want to attend to their personal businesses,then its ok

SIMPLE!!!

For those insulting GEJ, You guys are bunch of hypocrites!!
How can you guys claim to want democracy and yet dont want to see or hear or let those opposed to your view carry on their business as they like??
I commend GEJ for deploying additional security for nigerians that want to go about their business.

How can someone that is not government make this sort of pronouncement yet scream democracy:

@NigeriaNewsdesk Nigeria Newsdesk
Joint Action Front, yesterday in Lagos, advised Nigerians, who would not want to be part of the street protest & mass action to say at home.

GEJ should do all within his power to ensure those that want to conduct their business go on doing so with adequate protection!!!

@dadaic
Thanks and apology accepted.
I know all these you have said, its like being between the devil and the deep blue sea. The truth is that we dont trust them especially GEJ. But i trust him call me what ever you like but i sincerely believe he will use use the subsidy money for something better. I prefer investing in future gains than burning it all now, cause am a business man. I hate to remember that the lagislator have such mind buggling allowances and the President cant really change that based on our constitution.
Yes Gov has let us down we dont trust them, but for us to move forward we MUST at some point give governemnt our trust. I have nothing against those protesting, they have the right and they may be right, but they may be wrong too. The crowd is not always right, especially if they are acting out of emotions.
What determins if they are right or wrong is what GEJ is able to do or deliver at the end of all this. Am more than happy to hear your views even if they are contrary to mine.

dadaic:
@stiyke, You have been fooled, Scarcity in our country, LOL, I laugh, Do you know what politics can do, Do you know what power is? Why can't your so-called GEJ address the nation for once and give us a clear state of mind on what is going on, If you look and really think about what has been happening which i am sure you don't have a clue, we are not even supposed to buy fuel at the rate of 65naira, looking at it, instead, we are to get it cheaper, now they want to cut off your heads and then you accept it just so easily, I refuse to be a fool like you are, Have you ever wondered what it would be like for the poor, have you ever wondered how the market is already, just with what is happening in our country? Have you wondered, He is being sincere, They have a cabinet and they sit making the rules and you are there saying this and that, My guy or my lady,i know sey you no dey the country but  i can't be fooled anymore, Fuel Subsidy yes, PMS Price, 65naira, Weda dem like am or not,

@ dadaic
I am in nigeria, and i have noticed that those that protest the removal of subsidy abuse, and even threaten anyone with different view yet they shout democracy. I will not trade curses with you. Neither will i discuss with you cause am in lack of curses to trade. You are at liberty to carry on!!!!

@dadaic like i hit a raw nerve there??
Its typical for nigerians not to think or see beyond their nose. Everyone is screaming protest protest revolution revolution without thinking what next after revolution or protest??
I feel GEJ is being sincere, nothing stops him from saying that he is going back to 65naira and in doing so refuse to pay the importers and that will result to serious scarcity that will even crush nigerians more and make you buy it at nothing less than 150naira