That is tantamount to saying Saudis funded their oil industry with sun and sand!

Exploration for crude petroleum oil in Nigeria first began in 1908. However, serious and sustained efforts did not happen until Shell Darcy Petroleum Company commenced operations in 1935. It took this company more than 20 years to discover petroleum crude oil in commercial quantities in Oloibiri in 1956.

Before 1965, all the international petroleum marketing companies in Nigeria imported their stocks independently from their own refineries located abroad. As the local demand grew for these products, and following the local availability of crude oil by pipeline, establishment of a refinery in Nigeria became commercially viable..  Two oil marketing companies in Nigeria , Shell and British Petroleum, BP, formed a 50/50 joint venture refining company in Nigeria , the Nigerian Petroleum Refining (NPRC) in 1960.

The NPRC built a 38,000b/d petroleum refinery at Alesa-Eleme, near Port Harcourt to refine local crude oil into five petroleum fuel products. Construction of the refinery commenced in 1963 and production started two years later, in 1965.

Crude oil processed in the NPRC refinery was a portion of the production destined for export through Shell-BP’s Bonny Island export terminal. By a special contract agreement among all the five major products marketing companies, they procured crude oil from Shell-BP..  The crude oil was transported by pipeline to the NPRC Refinery for processing based on the quantity processed, at an agreed unit price per ton of crude oil.

The major marketers also, at their own cost, arranged the timely evacuation of the products from the refinery, mostly by the sea to Lagos and the remaining by road tankers..  The refinery was de-bottlenecked in 1973, in order to increase its crude oil processing capacity from 38,000b/d to 60,000b/d. The domestic demand for petroleum products which steadily increased was satisfied by the NPRC refinery for about 8 to 10 years.

In 1970, the Federal Government acting as a member of OPEC compulsorily acquired and paid for an equity share of 60 percent in all private international companies working in the Upstream and Downstream sectors of the Petroleum Industry in the country.

The FG used royalty money paid by oil companies to buy a stake.

Your cocoa and groundnuts did not fund the oil industry so please stop your taqiyya lies.

Tell them ooo

Which cocoa and groundnut?? How many them be?

Wait

The problems stem from long time ago. Obasanjo's regime back in 1976 tried to confuse us with agriculture while heavily milking our oil for his family n friends. The northerners were busy with their farms n business unaware of the oil at the time, but Buhari took the oil to the north. IBB began looting immeasurably and Abacha who did not only loot, but emptied the treasury.
Sincerely, cocoa and groundnut didn't fund the oil, but it placed Nigeria above today's giants in the world. It provided more jobs than oil today. It expanded opportunities for the rich and poor. It ensured that naira never bowed to the dollar or pound. If only we never found oil, Nigeria today would have been the food basket of most continent of the world. Nigerians goods would have been top-ranked in the world.
Oil is good and it would have places us among the top richest in the world, but to our history oil is the taint.

Every drop of oil belongs to every Nigerian be it the yesufu from gombe or ikenna in anambra.

Which cocoa money was used to explore oil? Anyway, I don't blame promoters of this fable. I blame our shortsighted leaders both past and present that refused to settle for a better deal but were comfortable with peanut from the Nigeria state. Enough is Enough. We don't need NDDC, Ministry of Niger Delta Affairs, Amnesty Office nor 13% derivation.

We need Resource Control and True Federalism....If the Nigeria state oppose our demands, then We demand referendum

Obiagelli:
Every drop of oil belongs to every Nigerian be it the yesufu from gombe or ikenna in anambra.

Then we simply destroy Nigeria and wait for the remaining Nigerians to come claim our wealth.

Tales of a failed nation.
Your leaders have failed your generation, they sold their right cheaply.

Our cocoa brought harmony & peace unlike your oil that brought inequalities and confusion. Your leaders are not leaders but rather a greedy people, you guys are divided and it really affecting your people. This oil belongs to Nigeria not a particular tribe cos you guys

One Nigeria is the best for business and the best for Nigerians.

You guys should just ask for God's forgiveness

Obiagelli:
Every drop of oil belongs to every Nigerian be it the yesufu from gombe or ikenna in anambra.

read about Texas in America

wHich cocoa brought harmony and peace?

Have your mother's latest boy friend not told you about the Agbekoya Cocoa Farmers riots of '68 which happened to be the first industrial and civil disturbance in Nigeri

eluquenson:
Tales of a failed nation.
Your leaders have failed your generation, they sold their right cheaply.

Our cocoa brought harmony & peace unlike your oil that brought inequalities and confusion. Your leaders are not leaders but rather a greedy people, you guys are divided and it really affecting your people. This oil belongs to Nigeria not a particular tribe cos you guys

One Nigeria is the best for business and the best for Nigerians.

You guys should just ask for God's forgiveness

RevDesmondJuju:
That is tantamount to saying Saudis funded their oil industry with sun and sand!

Exploration for crude petroleum oil in Nigeria first began in 1908. However, serious and sustained efforts did not happen until Shell Darcy Petroleum Company commenced operations in 1935. It took this company more than 20 years to discover petroleum crude oil in commercial quantities in Oloibiri in 1956.

Before 1965, all the international petroleum marketing companies in Nigeria imported their stocks independently from their own refineries located abroad. As the local demand grew for these products, and following the local availability of crude oil by pipeline, establishment of a refinery in Nigeria became commercially viable..  Two oil marketing companies in Nigeria , Shell and British Petroleum, BP, formed a 50/50 joint venture refining company in Nigeria , the Nigerian Petroleum Refining (NPRC) in 1960.

The NPRC built a 38,000b/d petroleum refinery at Alesa-Eleme, near Port Harcourt to refine local crude oil into five petroleum fuel products. Construction of the refinery commenced in 1963 and production started two years later, in 1965.

Crude oil processed in the NPRC refinery was a portion of the production destined for export through Shell-BP’s Bonny Island export terminal. By a special contract agreement among all the five major products marketing companies, they procured crude oil from Shell-BP..  The crude oil was transported by pipeline to the NPRC Refinery for processing based on the quantity processed, at an agreed unit price per ton of crude oil.

The major marketers also, at their own cost, arranged the timely evacuation of the products from the refinery, mostly by the sea to Lagos and the remaining by road tankers..  The refinery was de-bottlenecked in 1973, in order to increase its crude oil processing capacity from 38,000b/d to 60,000b/d. The domestic demand for petroleum products which steadily increased was satisfied by the NPRC refinery for about 8 to 10 years.

In 1970, the Federal Government acting as a member of OPEC compulsorily acquired and paid for an equity share of 60 percent in all private international companies working in the Upstream and Downstream sectors of the Petroleum Industry in the country.

.


the oil industry , technology, exploration was funded by the dutch, american, English and French group of investors till date nigeria government is just collecting different forms of taxes.

You can never find any body telling u money for cocoa was used to setup oil industry.

oil is driven by technology that africa till date has not developed


Fyi

Then why are these Nigerians telling us Niger-Deltans that it was their cocoa and gworo that developed the sector?

quickly:
.


the oil industry , technology, exploration was funded by the dutch, american, English and French group of investors till date nigeria government is just collecting different forms of taxes.

You can never find any body telling u money for cocoa was used to setup oil industry.

oil is driven by technology that africa till date has not developed


Fyi

RevDesmondJuju:
wHich cocoa brought harmony and peace?

Have your mother's latest boy friend not told you about the Agbekoya Cocoa Farmers riots of '68 which happened to be the first industrial and civil disturbance in Nigeri

So as your hungry militants causing nuisance in the Niger Delta region too.
Guys be realistic, this oil doesn't belong to you that's why we have the likes of Mike Adenuga, Folohunsho Alakija, Bola Shagaya,T.Y.Danjuma, Dangote, Dantata,Babangida, etc These guys rocks the oil that belongs to their father not your father's .
Stop crying here hun!

Evertything has an ending

eluquenson:
So as your hungry militants causing nuisance in the Niger Delta region too.
Guys be realistic, this oil doesn't belong to you that's why we have the likes of Mike Adenuga, Folohunsho Alakija, Bola Shagaya,T.Y.Danjuma, Dangote, Dantata,Babangida, etc These guys rocks the oil that belongs to their father not your father's .
Stop crying here hun!

That's d lies they use to lay hold on niger delta oil. Awolowo used cocoa to develop his region, sadaurna used proceeds from groundnut to islamize d north, okpara used palm seeds proceeds to reinvigorate east.

No ground nut n cocoa money was used for exploration. The truth must b told.

What a silly, redundant and irrelevant argument. Who cares who or what funded what? Oil in Nigeria today belongs to all.

Jobless people...

jascon1:
read about Texas in America

What's Texas got to do with Nigeria?

aresa:




What's Texas got to do with Nigeria?

Remi Tinubu pant sniffer, texas was the biggest oil producer in thr US with 90% of texas land mass owned by privatr citizens. The oil did not belong to the US Fed govt or even Texas state which is roughly the size of present day nigeria but to the owners of the land where oil was discoverd.

Kapish!

RevDesmondJuju:
Then why are these Nigerians telling us Niger-Deltans that it was their cocoa and gworo that developed the sector?

which nigerians? mention names

quickly:


which nigerians? mention names

All the Tajus and Adamus

[s]

RevDesmondJuju:



Remi Tinubu pant sniffer, texas was the biggest oil producer in thr US with 90% of texas land mass owned by privatr citizens. The oil did not belong to the US Fed govt or even Texas state which is roughly the size of present day nigeria but to the owners of the land where oil was discoverd.

Kapish!

[/s]


The topic is about Nigeria you lousy can't read and comprehend uninteligent TaNiod illiterate.

And who said cocoa and groundnuts did anything. What do you guys really want?

And who said cocoa and groundnuts did anything. What do you guys really want?

aresa:

What's Texas got to do with Nigeria?

read to no

you silly Nigerian

I am OP

Now go sniff Remi Tinubu's undies

Agbereo

aresa:
[s][/s]


The topic is about Nigeria you lousy can't read and comprehend uninteligent TaNiod illiterate.

Orlandoowoh


Bumping this thread back to life...

Bump

Every drop of oil belongs to every Nigerian be it the yesufu from gombe or ikenna in anambra.

You dey dream

aresa:
What a silly, redundant and irrelevant argument. Who cares who or what funded what? Oil in Nigeria today belongs to all.

Jobless people...

Why e no go pain you...

Touts like you have been laying false claim to a resource that neither belongs to you or to which you neither invested a penny into.

Tomorrow a fool like you will say the oil is God's gift to all mankind.

If it is God's gift then why not go to Saudi Arabia and fetch the oil freely?

Parasitic ingrates that will surely go back to scratching the ground for a living

Igbiod come and help me bump this thread back to life