Oil got to $50/barrel... we can barely stand... imagine when its totally gone.

Proper planing prevents poor performance...

Said by BUHARI? Have I ever taken him serious? Hissss, abeg , any evidence to his claim? Since non, let me also say that sahara desert will become Atlantic ocean in 30 years and in 15 years sun will seize to shine. This Buhari self

sarrki:
Where is elder wristbanle and linDeleo sef

Lol. We are watching with our periscope from distance. Am sure cownu and his baboon cohorts will be ready to delete SS from their map

I would encourage regions who are rich in agriculture, solid minerals and other non oil sectors to quickly diversify now before it's too late.

According the oil price this morning, it is around $48 which just survived the splurge of almost going below $40 per barrel.

When Nigeria was without oil, we are doing better. The oil made us too lazy to strategically think.

LionDeLeo:



President Buhari, who was represented by the Minister of State for Petroleum Resources, Dr Ibe Kachikwu spoke yesterday at the 5th triennial delegates conference of the Petroleum & Natural Gas Senior Staff Association of Nigeria (PENGASSAN) in Abuja.

I know the name "Buhari" usually sends some shivers but always read before making comments.

Bubu was represented and in cases like this, all that is required is his approval of whatever speech delivered on his behalf.

Did you read my comment at all?

sarrki:


Baba let me help you

I know what old age comes with

President Buhari, who was represented by the Minister of State for Petroleum Resources, Dr Ibe Kachikwu spoke yesterday at the 5th triennial delegates conference of the Petroleum & Natural Gas Senior Staff Association of Nigeria (PENGASSAN) in Abuja.

You should put Osibanjo there and not buhari

Nnamdi KANU is truly a prophet.

DO YOU THINK THAT WILL STOP THOSE AGITATING FOR THEIR COUNTRY?

I hope it dries up today!

I might be in heaven then, so with all our present politicians. Shame we left nothing for our future generations...... NO FUEL NO MONEY NO INFRASTRUCTURE NO FOUNDATION, INFACT NO NOTHING ......

Blue3k:
30 years lol they better diversify or die. Anyway they say the want to move more towards gas yet they can't stop flaring. OK I will wait and see.

diversification are talks to deceive y' all. There are economies with no Natural resources. They live on import and export. New zealand for example. There are individuals with just one stream of income, they are doing fine. Have built houses and have saved from it and there are individuals that have multiple streams of income but nothing to show for it.if your oil resource cannot be managed properly, what makes you think diversified resources will be Management is key in any institution!

Kathmandu:
You should put Osibanjo there and not buhari

Exactly.

Buhari is of no consequence right now. President who has disappeared for over 1 month.

After which the "north" will agree to restructuring...

Blue3k:
30 years lol they better diversify or die. Anyway they say the want to move more towards gas yet they can't stop flaring. OK I will wait and see.

Indeed...

Industrialise, innovate, or bust.

That's sad. So we have up to 30 years of suffering from oil money jamboree

Yes!! Dat will be a blessing in disguise.

sarrki:
Mazi and his criminal bandits will remove SS from his map if he sees this

Blue3k:
30 years lol they better diversify or die. Anyway they say the want to move more towards gas yet they can't stop flaring. OK I will wait and see.

I know that the Saudi's are diversifying alot, so it will be interesting to see if they follow in this direction...

mke e dry up,we don tire

This news is for those jumping up and down for one Nigeria aka free oil. Lazy ants of the republic. Let it dry now.

sarrki:
Mazi and his criminal bandits will remove SS from his map if he sees this

you pathetic thing....is always oil for you n your lazy region....

if we restructure your state can't generate enough to pay salary
if we breakup your region will die of famine

You guys said that 30 years ago.

After the 30 years, northern and Yoruba Muslims shall agree to restructuring Nigeria politically.

Let those talking about restructure and restructure all their political lives hear this. Let the Obong Victor Attahs hear this.

Perhaps, in that 30 years, the Obongs and most of other restructure and restructure peoples in the SS and SE must have finally settled in Abuja, and leave the poor behind in environmentally devastated SE and SS.

majekdom2:
diversification are talks to deceive y' all. There are economies with no Natural resources. They live on import and export. New zealand for example. There are individuals with just one stream of income, they are doing fine. Have built houses and have saved from it and there are individuals that have multiple streams of income but nothing to show for it.if your oil resource cannot be managed properly, what makes you think diversified resources will be Management is key in any institution!

You make good points...but the reason why countries do well...is because they have strong Manufacturing systems...which export finished goods....

New Zealand is a good example...but it is heavily dependent on agric exports...and it's economy can be vulnerable to external shocks as a result (especially in the 1970's and 80's.).

Dudeweedlmao:
You guys said that 30 years ago.

OIL RUNS OUT MATE.

OIL IS BASICALLY THE REMAINS FROM DEAD ANIMALS FROM THE DINOSAUR AGE.

IT WILL RUN OUT AND THE OYINBO KNOW NIGERIA OIL WILL SOON RUN OUT.

THEY SAID IT MANY YEARS AGO.

DUBAI HAVE USED THEIR ONE TO DEVELOP INFRASTRUCTURE & TOURISM.

NIGERDELTA HAVE USED THEIR ONE TO DESTROY THEIR ENVIRONMENT.

THEY DONT EVEN HAVE CLEAN WATER TO DRINK, FARM LAND AND FISH IN THEIR RIVERS BECOS OF OIL.

THEIR POVERTY WILL BE ON SHOW FOR THE WORLD TO SEE IN THE FUTURE.

@ OP, a oil reservoir do not dry up. Rather,the OPEX and CAPEX increases due to the Stimulation operations or installation of downhole accessories to improve oil recovery! Correct the title because it is wrong and Kachuwku is too knowledgeable to make such a lame remark,which he did not make in his speech!