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Phones / Re: Bad Things About Rooting Your Phone (disadvantages) by jessetom(m): 4:46pm On Feb 13, 2015
How did this nonsense make fp?
Education / Re: FUPRE Hike In Students Charges..how can we tackle this? by jessetom(m): 4:41pm On Feb 13, 2015
Please MODS,this is sooo serious kindly move this to frotpage... Thanks
Education / Re: Dear Jobseeking Graduate, Here’s What You Should Have Done In Final Year by jessetom(m): 2:58pm On Feb 13, 2015
Op throway matter,for this naija so, everything na connection ooo nor be all this one you dae talk....

Like ths eh, I believe say with connection, devil go fit even see God for heaven sef!!!!!

1 Like

Education / Re: Engineering Students Chatroom by jessetom(m): 1:24am On Feb 07, 2015
yinkard4me:

Don't give yourself unnecessary HPB, there is nothing like d most difficult level is'200L', the only problem most engineering students face in 200L is 'jamming' new courses/subject u've never heard of or taught I.e Strengh of mat, fluid mechanics, thermo, Machine design, some topics in mathematics and d rests and coupled with d fact dat u don't knw ow to read @ dat stage in school cos u don't really understand ow questions will be set, so u just wanna read everything, thus, leading to you forgetting most things in d examination hall and attempting simple questions self na problem cos u don over jack. (THERE IS A WIDE DIFF BTW 'READING WELL and READING HARD) be wise...
Threre is notyn special in 200L bro, a chemical engineering student had 4.88 wen I was in school, my closest friend in mech had 4.02 in our 200L. So lemme give u some clue:
1, Socrates said 'KNOW THYSELF; read only when its convenient for u, don't read in d nyt if afternoon is ur ThING cos ur classmates are reading in d nyt. Read @ ur own pace, don't be intimidated by all dos going up and down with big books, dia GP says otherwise.
2, Meet with ur senior colleagues, collect past questions and ask about lecturers taking each course; how he sets question, how he marks, does he give assignment? Does he use attendance as mark? E.t.c.. Ask them d toughest courses of dat semester/session, start early with those courses. Mind u some of dos guys will tell u scary story, don't be scared, if they overcome it, u will too.
3, Attend tutorials, it helps a lot to catch up on treated topics in class or to understand d more once u already know. NB;Some tutorials can confuse u, so choose d ones u attend.
4, Have @least a friend dat knows more than you, he mustnt neccesarily be ur best friend. Go to him anytime u need him.
Lastly, Read your notes well before consulting textbooks. Pray well and move closer to God and u'll realize 200L is overhyped.
Cheers!


Ah thanks a lot boss...
You help cool down my sweat!
I really appreciate your help...
Please can you recomend any textbook that might simplify stuff for me?
Education / Re: Engineering Students Chatroom by jessetom(m): 10:28pm On Feb 06, 2015
Good day fellow engineers...
I am a Chemical Engineering student...
I am just starting my 200level which from what I have heard from MANY people, is THE most difficult level in school and am already shivering ...
Please fellows, I need help,
I wanna do great this year but don't know how to cope with the stress and the "HEAVY courses" that we will be doing... Thank you fellas...
Agriculture / Re: Groundnut Pyramid In Nigeria In 1970 (Photo) by jessetom(m): 8:30am On Jan 12, 2015
holatin:
do you know what agriculture is really is ?
re u a student of Jonathan ?

Na so so groundnut them dae cultivate, no wonder we like to soak garri
Politics / Re: BREAKING: Heavy Fire At Lagos Popular Market Balogun Island [SEE Photos] by jessetom(m): 8:28am On Jan 12, 2015
.
Agriculture / Re: Groundnut Pyramid In Nigeria In 1970 (Photo) by jessetom(m): 7:28am On Jan 12, 2015
Who e help?

2 Likes

Jobs/Vacancies / Re: A Message For The Unemployed. by jessetom(m): 1:50pm On Jan 10, 2015
Booked!
Phones / Re: Unlocking Trial Version Of Repligo Reader 2.1.0.1 On Bb by jessetom(m): 3:03am On Jan 08, 2015
Please I need the key and activation code too.... My pin is 211CD737....
Thanks a million
Education / If You Think You Are Smart, Solve This...... by jessetom(m): 9:54am On Dec 25, 2014
These are questions that two of the ten smartest kids in the world by brilliant.org were able to answer correctly...

The first was by 15 year old Phoebe Cai......

and the second was solved by 17 year old Kensen Shi during the physics Olympiad...

Nairaland gurus.... let's see how smart you are...

and merry Xmas to y'll

Health / The Lab-grown Penis: Approachinga Medical Milestone by jessetom(m): 10:34am On Oct 05, 2014
G athered around an enclosure at the Wake Forest
Institute for Regenerative Medicine in North
Carolina in 2008, Anthony Atala and his
colleagues watched anxiously to see if two rabbits
would have sex. The suspense was short-lived: within
a minute of being put together, the male mounted the
female and successfully mated.

While it’s not clear what the rabbits made of the
moment, for Atala it was definitely special. It was
proof that a concept he’d been working on since 1992 –
that joysticks could be grown in a laboratory and
transplanted to humans – was theoretically possible.
The male rabbit was one of 12 for which he had
bioengineered a penis; all tried to mate; in eight there
was proof of ejaculation; four went on to produce
offspring.

The media’s coverage of Atala’s announcement a year
later was understandably excited. Not just because of
the novelty of a man growing joysticks in a laboratory,
but because his work would fulfil a real need for men
who have lost their penis through genital defects,
traumatic injury, surgery for aggressive penile cancer,
or even jilted lovers exacting revenge.

At present, the only treatment option for these men is
to have a penis constructed with skin and muscle from
their thigh or forearm. Sexual function can be
restored with a penile prosthetic placed inside. The
prosthetics can be either malleable rods, with the
penis left in a permanently semi-rigid state and thus
difficult to conceal, or inflatable rods, which have a
saline pump housed in the scrotum. Both technologies
have been around since the 1970s. The aesthetics are
crude and penetration is awkward.

Another option is a penis transplant from another
individual, but this carries a risk of immunological
rejection. The chance of organ death can be lessened
with anti-rejection drugs, but these drugs have serious
side-effects. Transplants can also have a psychological
impact, especially with an organ as intimate as the
penis. In 2006, a Chinese man was the first to receive a
donor penis; two weeks after the 15-hour operation,
surgeons removed the transplanted organ on the
request of both the patient and his partner.
Atala hopes his technique will mitigate both
immunological and psychological issues because his
joysticks would be engineered using a patient’s own
cells. “The phallus is actually much longer than you
think,” he explains. “It goes all the way behind the
pelvis, so no matter the extent of the damage, there is
a high probability that there are salvageable cells.”
Peruvian-born Atala, a urological surgeon and
professor of regenerative medicine, heads a 300-strong
team at the institute. He corrects himself constantly,
always going back to edit his speech, adding words
such as “high probability“ or “in all likelihood” to be
sure his sentences are word-perfect. Soft-spoken and
mild-mannered, Atala is a trailblazer in the field and
you can’t help but think that his measured speech is
an attempt to provide a sure path for others to follow.
To some, engineering human organs sounds like
science fiction, but for Atala it’s an absolute necessity.

As we live longer (and thus our organs fail more) the
shortage of organs for donation will only get worse. If
he can work out how to generate the organs people
need in a reliable and effective way, the technology
can improve a lot of people’s lives. In 2006, Atala and
his team announced the first successful bioengineered
organ transplant, a bladder, which had been implanted
into seven patients in 1999. Earlier this year he
announced the successful follow-up of four women
given bioengineered vaginas in 2005-2008. Despite
these successes, he says, the penis is proving trickier.
Organs increase in architectural complexity as they go
from flat structures such as skin, cylindrical structures
such as the vagina, to hollow non-tubular organs such
as the bladder. As a solid organ, the penis tops this list
in both density of cells and structural complexity. It
consists of a spongy erectile tissue unique to it.

During an erection, signals from the nerves trigger
blood vessels to dilate, filling this spongy tissue with
blood and causing the penis to lengthen and stiffen.
“We were completely stuck,” says Atala of the first few
years of research in the early 90s. “Even the idea of
the field of regenerative medicine was brand new at
the time. We had no idea how to make this structure,
let alone make it so it would perform like the natural
organ.” Then, in 1994, he figured he could take a
helping hand from Mother Nature. Using a technique
pioneered for biological skin dressings, he would take
a donor penis and soak it in a mild detergent of
enzymes for a couple of weeks to wash away the
donor cells.
“You’re left with a mostly collagen scaffold – a skeleton
if you like, that looks and feels just like the organ,”
explains James Yoo, one of Atala’s collaborators at the
institute. “Think of it like a building. If you remove all
the furniture and the people, you’re still left with the
main structure of the building. Then you replace the
tenants with new ones. That’s the whole idea. It’s just
that the building is a penis and the tenants are cells.”

The next step is to reseed the structure with the
patient’s own cells taken in a biopsy from salvageable
tissue and grown in culture. Smooth muscle cells,
which relax during an erection to allow the vessels to
dilate and the penis to fill with blood, are first,
followed by endothelial cells which line the interior
surface of blood and lymphatic vessels. When ready,
the bioengineered penis is ready to be transplanted to
the recipient.

So why, six years on from successfully engineering a
penis for rabbits, have they not yet done the same for
humans? Atala explains that, as is often the case with
these things, scaling up is proving difficult. “Even
though we can make them in a very small mammal,
we have to tweak the technology, the processes, the
ratio of cells and so on, to get larger and larger
structures. That’s pretty much what we’ve been doing
since the rabbits.”

They’ve made encouraging progress. Atala has
engineered half a dozen human joysticks. Although they
are not yet ready for transplanting, Atala’s team are
assessing the structures for safety and effectiveness.
One machine squashes, stretches and twists them to
make sure they can stand up to the wear of everyday
life; another pumps fluid into them to test erections.
Sliced segments are tested at the genetic, cellular and
physiological level.

“It’s a rigorous testing schedule,” says Atala, wearily.
“But we’re trying to get approval from the US Food
and Drug Administration so we know everything is
perfect before we move to a first in-man test.”
Neither Atala nor Yoo will be pushed for a date for the
first test in man, saying only that they’d expect it to
occur within five years. “In the end we’re aiming for
the entire size of the organ,” says Atala. “But in
reality our first target is going to be partial
replacement of the organ.”

In the short term, this would include growing smaller
lengths for partially damaged joysticks, but would also
include replacing parts of the penis to help cure
erectile dysfunction. Degradation of the spongy
erectile tissue, says Tom Lue, a urological surgeon at
the University of California, San Francisco, is the
leading cause of impotence in old age. Disorders such
as high blood pressure or diabetes can damage the
delicate tissue – the resulting scar tissue is less elastic,
meaning the tissue cannot completely fill with blood
and the penis cannot become fully erect.

Show me a hundred 70-year-old men with erectile
dysfunction,” says Lue, “and I’ll bet you 90% of them
have scar material in their penis.” Traumatic injury or
priapism, a condition that leaves men with an
increasingly painful erection for hours or even days,
can also damage the tissue and cause erectile
dysfunction in younger men. “If you replace the
damaged spongy tissue you can give these men a
better erection.”

Engineering the spongy tissue for replacement is one
of Atala and Yoo’s interim goals. Lue is also hoping to
restore erections, but for less severely damaged
joysticks. For instance, some men become impotent
after surgery for prostate or rectal cancer because the
nerves that regulate erections, which run through the
rectum and prostate into the centre of the penis, can
get damaged. Likewise with traumatic injury, if the
vessels are severed then the penis cannot fill with
blood.

Microsurgery to connect the vessels and nerves in the
penis is possible but often ineffective. Lue is testing
whether injecting stem cells into the base of the penis
can encourage the nerves and cells to rejoin. His work
might also help Atala and Yoo to stimulate nerve and
vessel regrowth when the day comes for the first in-
man trial of a bioengineered penis. Twenty-two years
into his research to bioengineer a human penis, Atala
is a man who is both excited and impatient for that
day. And you’d suspect he’s not the only one.

source:
http://www.theguardian.com/education/2014/oct/04/penis-transplants-anthony-atala-interview

Religion / When Reasoning Reaches The Limit by jessetom(m): 5:54pm On Oct 01, 2014
Will religion necessarily begin to sprout from
it?


Once we get to the edge of reason, where
we've exhausted all possibility of deductive,
inductive and abductive reasoning, is religion a
necessary societal consequence?


Considering the fact that science can never
demonstrate anything at all towards the
transcendent religious claims, and it also
cannot demonstrate anything at all against
them, we would only have one manner left
toward analyzing the world, and that would be
through reason.


But then reason has limits, too. Within each
system of reason, there is only so much that
can be demonstrated due to constraints of the
Universe of Discourse.


Eventually, if we truly wanted to apply our
thoughts of reality to an 'Ockham's Razor' sort
of principle, we would have to take note of the
fact that reason will not be able to address
everything, just as science cannot.


Science can only go as far as the physical
world (outside of that, experiments are not
possible).


Reason can go slightly beyond science, in that
we can still reason about metaphysics, but
even that is still bounded.


Is what follows going to eventually be a form
of religion; a faith-based conjecture on what
the 'end-all' state of affairs of existence would
be like?


Edit : This is meant to be a question to bring
about discussion of the future of academics,
but of course, due to the fact that I'm speaking
of religion and science together, and it can be
considered a controversial topic, I wouldn't
consider any disagreement with the above
statements to be 'off-topic'. Don't feel as
though it would be off topic to dispute, or that
you cannot argue against any of the claims that
I made above. This is in the discussion sub-
forum for a reason, after all.
Education / Re: Fupre's Shambolic Admission Process. by jessetom(m): 9:50am On Sep 27, 2014
crazyawesome911: No mod should move this thread Τ̅Ơ front page or nairaland will be sued. I'm a student of the school, and when I mean those students who Failed the post utme excercise did, they did. My school is one of the toughest schools in nigeria Τ̅Ơ study,(though with little popularity).

The school was founded in 2007, and there has never been a problem of unjust admission. Those that scored up Τ̅Ơ 20, 30 this year, are they with two heads?. Example: a boy named eze amara wrote our post utme two years ago and scored 16, he was denied admission. He wrote last year, scored 20, he was denied. He wrote this year and score 35 and he has been granted admission. In summary, He buckled up and learnt from his mistake too.

If Ɣ☺ΰ're so sure of your self, take the school Τ̅Ơ court so lecturers from different school can remark it. And if it turns out u failed?...

Mods, don't move this thread Τ̅Ơ Fp Τ̅Ơ avoid untrue rumours spreading and a school's reputation ruined.


shut Up you!!!!
am a student too
the op is not lying.....
And as for you.... Thunda faya your yansh....

1 Like

Education / Re: Shortlisted Candidates For 2014 Addax/nnpc Scholarship Exam Is Out by jessetom(m): 8:24am On Sep 19, 2014
.
Education / Re: The Best Engineering Course To Study In Nigeria by jessetom(m): 11:00pm On Sep 02, 2014
hod898: Chemical engineering obviously. ChemEng graduates, especially those with Masters can work almost anywhere: in the oil/gas industry; in the Pharmaceutical industry; in the banking industry; in law sector; in the breweries industry; in energy sector; in the environmental safety sector; in the semi-conductor industry; cement factories; paint producing industry, etc.

Boss I sight you too.....
#teamChemicalEngineering......

Am still a student...pls throw more light

1 Like

Education / Re: The Best Engineering Course To Study In Nigeria by jessetom(m): 10:55pm On Sep 02, 2014
codedmax: Chemical Engr "You are sure of job opportunity any where production is taking place"

Yeah I sight you well bro............
#teamChemicalEngineering

3 Likes

Education / Re: NISD : Participation Thread(REP your school in here) by jessetom(m): 10:49pm On Sep 02, 2014
[color=#990000][/color]

I am Jessetom, I represent The American University of Nigeria(AUN)
Education / Re: Federal University Lokoja, Kogi State, In Pictures by jessetom(m): 12:44am On Aug 20, 2014
ChAi!!!! I shame fore fupre..... They don't have anything but only know how to boast "first in africa". Mtcheeeew rubish!!!!!
Romance / Re: When You’re In A Goodrelationship, You Learn These10 Things by jessetom(m): 8:04am On Jul 22, 2014
MizMyColi: I see the future of this post. However, you might wanna space out your points. It'd allow for easy reading wink
Romance / Re: When You’re In A Goodrelationship, You Learn These10 Things by jessetom(m): 8:04am On Jul 22, 2014
MizMyColi: I see the future of this post. However, you might wanna space out your points. It'd allow for easy reading wink


thank you so much....... I have just done that...thanks!!!

1 Like

Romance / When You’re In A Goodrelationship, You Learn These10 Things by jessetom(m): 7:47am On Jul 21, 2014
I’d had serious relationships before meeting my
fiance, with a couple lasting for years. I thought I
was an adult; I thought I knew how to be a great
girlfriend. Meeting someone I had a serious
connection with taught me that nothing I had
experienced before was real. True love feels
different than casual relationships – even if those
relationships lasted for years (often well past their
expiration date!). When you’re in a good
relationship, you learn things. You act differently;
you think as part of a team, not as an individual
making your way through the world. You’ll be
more understanding and accepting of your
partner, instead of just getting frustrated with
them like you may have with past relationships.



1. MISUNDERSTANDINGS ARE
INEVITABLE.
Misunderstandings are going to happen. If you
take your partner’s words one way, then learn
they meant something totally different, don’t
punish them. Let it go. Bringing it up all the time
is only going to bruise the relationship and cause
communication problems later. Sometimes what
you say or do will be taken the wrong way, and
you’ll get frustrated that your partner doesn’t
understand. Take a step back and realize it’s not
a big deal. Misunderstandings are made to be
swept under the rug because they’re so minor.
They only become problems if you let them grow
bigger and mean more in the scope of your
relationship. Be laid back and forgive
misunderstandings.



2. LEARN TO TRUST THEM.
You have to trust your partner. Why would you
share your life with someone when you think
they’re doing something wrong every time you
turn your back? If you don’t trust your partner to
be faithful, honest, caring, or anything else, then
you’re not in a good relationship. The best
relationships begin with a deep trust, and even if
problems come up (and they will!), the trust is
strong enough to keep you together.



3. LET YOURSELVES MISS EACH OTHER.
You’re in love, so you want to be together all the
time! It’s so fun to cuddle all night and be
together all day, but when will you have time to
experience different things? When you go to
separate workplaces or schools, you experience
things that will give you something to talk about
later. When you go out with your friends and your
partner spends time with theirs, you have time
and space to yourself and come back to each
other refreshed. You have a chance to miss each
other, and it helps you really understand the value
of your relationship. Missing someone is great
because getting to see them after that period will
make you so happy and so sure of your
relationship.



4. ENCOURAGE GROWTH AND CHANGE.
In a good relationship, both partners are
encouraged to grow and change. You have one
life to live – you should explore it to the fullest! If
you want to quit your job and go back to school,
your partner should support you. If you want to
try something new or go back to something old,
you should find support in your relationship. And
you should give this support in return. Encourage
your partner to explore hobbies and interests and
meet new people. If you want your partner to stay
the same, you’re going to have a very boring life
together.



5. COMPROMISING DOESN’T MEAN
YOU’RE WEAK.
Compromising doesn’t mean “giving in.” It
doesn’t mean that you’ve lost the fight. In fact,
it’s the opposite. Do you know how hard it is to
compromise sometimes? You want your way
because it sounds right and makes sense to you.
Your partner is way off base with their
suggestions. Take a step back and look at the
argument diplomatically. What’s the logical
conclusion? If your partner is right, don’t be
afraid to say so. Accept their way, or modify both
of your solutions to be half and half. The
important thing is not getting your way, it’s
staying in your relationship and helping it grow.
Compromising will definitely help your relationship
grow.


6. ADMIT YOUR WEAKNESSES.
Your partner doesn’t expect you to be a
superhero, and hopefully you don’t expect that of
them! We’re all human; we all have flaws. It’s ok
to let these show. In fact, to have a stable,
serious relationship, you need to let your
weaknesses be known. Your partner will be more
sensitive to things that bother you, and can help
build you up in areas where you need some help.



7. SOMETIMES YOU CAN ONLY ACCEPT
THINGS, NOT FIX THEM.
People have baggage. You have some. Your
partner has some. Can you go back and erase all
of this? Nope! You’re stuck with it, and have to
learn to deal with it. Some things are easier to
get over than others, but the reality is that
sometimes, you can’t fix things. You can’t make
problems go away. You have to accept them and
get over them and move on, or else your
relationship will crumble.




8. FORGIVE QUICKLY AND TRULY.
Whenever you have a fight, don’t worry about
who wins or who loses. Learn from the fight –
from what was said as much as from how it was
resolved. Once you learn from a fight, you can
apply that lesson to your relationship to avoid
trouble later. That’s all well and good, but you’re
not done! Forgive your partner! Forgive yourself.
The fight is over, you’re past it, now let it go.
Never hold anything against your partner because
the resentment will build until you don’t want to
be with them.






9. NEVER EXPECT ANYTHING.
Don’t expect your partner to read your mind, or
to bring you breakfast in bed, or to offer to wash
the dishes. It’s not going to happen. You can’t
expect anything from anyone – you have to make
it known. Communicate. Make sure your partner
knows what you expect from the relationship, as
well as your opinions on a wide variety of issues.
This will help them act considerate towards you,
but still – don’t expect anything!




10. SHOW YOUR FEELINGS.
The worst thing you can do in a relationship is
play games. Don’t tease your partner; don’t
“reward” good deeds with love and affection. You
have to make sure your partner always feels
loved. You can be happy with them or be mad at
them – it doesn’t matter – they just need to feel
loved. They need to know your feelings in the
moment as well, don’t get me wrong. But make
sure you’re showing your feelings in a way that
they won’t be misunderstood

http://themindunleashed.org/2014/07/youre-good-relationship-learn-10-things.html

Fashion / Re: African Women No Longer "Believe Black Is Beautiful" -by Sede Alonge by jessetom(m): 5:21pm On Jul 20, 2014
not all bleaching or toning are vivid...am a guy and I won't Lie I would prefer a light-skinned girl over a dark-skinned girl....
most guys we also prefer light skinned girls....
so let's stop criticizing them for tonning....
they are giving we(the guys) what we would prefer....
they are trying to sell(with all due respect)
Education / Chemical Engineering Experts, Graduates, Students& Aspirants Lets Meet Here by jessetom(m): 11:28am On Jul 13, 2014
Greatest ChE's!!!!!!
This is a room for chemical engineering experts, graduates, students and Aspirants to meet up and exchange ideas between one another and also to develop ourselves as experts, graduates, students and aspirants in this prestigeous field of Chemical Engineering......
Greatest ChE's!!!!!!!!!!

1 Like 1 Share

Business / The Impact Of Shale Oil Development Tothe Nigerian Economy by jessetom(m): 2:13am On Jul 08, 2014
the United States has ceased, some
stakeholders are expressing concerns
over the broad impact of this on the oil &
gas industry and the Nigerian economy
at large; given the size and position of
US’ patronage of Nigerian oil.
As a background, this development can,
at least in part, be attributed to the Shale
Oil and Shale Gas revolution in the
United States. New breakthroughs in
technology – such as hydraulic fracturing
and horizontal drilling – have enabled
energy producers to tap previously
inaccessible shale oil resources, which
has led to a Shale boom in the country,
thereby reducing its import and overall
dependence on oil imports.
Shale oil is a relatively new type of crude
oil, known also as kerogen oil or oil-shale
oil. It is an ‘unconventional’ oil
produced from oil shale rock fragments
by pyrolysis, hydrogenation, or thermal
dissolution. These processes convert the
organic matter within the rock (kerogen)
into synthetic oil and gas. The resulting
oil can be used immediately as a fuel or
upgraded to meet refinery feedstock
specifications by adding hydrogen and
removing impurities such as sulfur and
nitrogen. The refined products can be
used for the same purposes as those
derived from crude oil. Global
technically recoverable reserves of shale
oil are estimated by the EIA at 345
billion barrels and 21% of these lies in
the United States of America.
Over the past five years, U.S. oil
production has soared, while oil imports,
especially from OPEC members fell
significantly. A development which,
according to the Nigerian Minister of
Petroleum Resources and her other OPEC
counterparts, was of “grave concern”.
But then, as impactful as this
development is, should it cause panic
about the immediate, short, medium and
long term economic potentials of
Nigeria? One would argue not.
The loss of American patronage for
Nigerian oil is not really the issue. In the
short term, Nigeria will simply source
new markets for its oil. There are
promising new and existing markets to
explore. (See table below for
consumption pattern of some selected
countries). Argentina recently ordered
for a consignment of Nigerian Bonny
Light. The sustained situation in the
Middle East (with subsisting sanctions on
Iran) will continue to turn India and
other Asia patrons towards Nigeria.
However, the immediate worry to
Nigeria, as well as other OPEC countries,
would be drop in oil prices. Typically,
the response would be a cut in
production to shore up prices, but in the
long run, drop in volumes, even at
shored up prices, will still lead to
reduced revenue and does not really
assuage the concerns.
Given the present importance of this
sector to the Nigerian economy, a
broader value chain enhancement
strategy would be required for the long
term, and the country is already looking
into this.
According to the Petroleum Minister “…
Nigeria must adopt new strategies. We
must change our ways and policies that
we may hold dear which may cause us
economic stress in the future. This
market called shale oil and gas has
resulted in Nigeria seeking new markets
for its oil. Nigeria needs to be
economically competitive. And from the
end of the petroleum sector, Nigeria
needs to be energy competitive…”
The question is: to what level would we
explore ‘energy competitiveness’?
It is important to look into ways of
facilitating “in-country energy value-
add” as opposed to direct lifting of
crude. This is why the passage of the
Petroleum Industry Bill (PIB) would be
crucial at this point.
In-country energy value-add starts from
refining, gas utilization, and other spin-
off sectors from oil & gas, such as
petrochemicals. This is because, while
the impacts of Shale Oil development can
be mitigated in the short to medium
term, there is a need to be aware of its
long term implications.
Really, the emergence of Shale Oil should
not be a thing of fear. It presents both
strategic opportunities and challenges
for the global oil and gas industry.
According to PriceWaterHouseCoopers
(PWC) in their 2013 Shale oil report, “Oil
producers, for example, will have to
carefully assess their current portfolios
and planned projects against lower oil
price scenarios. Lower than expected oil
prices could also create long-term
benefits for a wide range of businesses
with products that use oil or oil-related
products as inputs (e.g. petrochemicals
and plastics, airlines, automotive
manufacturers and heavy industry more
generally).”
Nigeria could also look into its own Shale
reserve exploration. According to
BusinessDay (2013), research has shown
that mid-cretaceous oil shale deposits
exist in the Lokpanta area of the
Abakaliki Anticlinorium, a depocentre in
the Lower Benue trough of Nigeria. The
reserves are estimated at 5.79 billion
tonnes with a recoverable hydrocarbon
reserve of about 1.7 billion barrels. If
proven, this would make Nigeria the
second African nation after Libya (with
26 billion barrels) to have Shale Oil
reserves.
Above all, the evolution in the oil & gas
industry ultimately calls for economic
diversification. Once again, the Federal
Government of Nigeria is on this
trajectory with efforts aimed at
diversifying the economy to reduce the
dependence on oil.
This is perhaps the real comforting news.
Already the rebased GDP shows reduced
influence of oil & gas in the economy,
although crude oil earning still
contributes over 80% of Foreign
Exchange earnings. As the National
Industrialization Policy is being
implemented, Nigeria will be able to
focus on other key ways to position in
the African market.


http://www.eczellon.com/impact-shale-oil-development-nigerian-economy/?utm_source=taboola&utm_medium=referral

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