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Nairaland Forum / Nairaland / General / Politics / Your Cocoa And Groundnuts Did Not Fund Our Oil Industry (2795 Views)
The Truth About Cocoa And Groundnuts Earnings / Salary Cut: We Borrowed To Fund Our Elections. . . .Lawmaker!. . .Photo (2) (3) (4)
Your Cocoa And Groundnuts Did Not Fund Our Oil Industry by Nobody: 1:55pm On Apr 30, 2015 |
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. 8 Likes 1 Share |
Re: Your Cocoa And Groundnuts Did Not Fund Our Oil Industry by Nobody: 2:00pm On Apr 30, 2015 |
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. 12 Likes 1 Share |
Re: Your Cocoa And Groundnuts Did Not Fund Our Oil Industry by DuchessLily(f): 2:04pm On Apr 30, 2015 |
Tell them ooo Which cocoa and groundnut?? How many them be? 10 Likes 2 Shares |
Re: Your Cocoa And Groundnuts Did Not Fund Our Oil Industry by CountDracula(m): 2:04pm On Apr 30, 2015 |
Wait |
Re: Your Cocoa And Groundnuts Did Not Fund Our Oil Industry by jascon1(m): 2:15pm On Apr 30, 2015 |
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. 1 Like 1 Share |
Re: Your Cocoa And Groundnuts Did Not Fund Our Oil Industry by Nobody: 2:19pm On Apr 30, 2015 |
Every drop of oil belongs to every Nigerian be it the yesufu from gombe or ikenna in anambra. |
Re: Your Cocoa And Groundnuts Did Not Fund Our Oil Industry by Nobody: 2:22pm On Apr 30, 2015 |
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 10 Likes 1 Share |
Re: Your Cocoa And Groundnuts Did Not Fund Our Oil Industry by Nobody: 2:22pm On Apr 30, 2015 |
Obiagelli: Then we simply destroy Nigeria and wait for the remaining Nigerians to come claim our wealth. 4 Likes 1 Share |
Re: Your Cocoa And Groundnuts Did Not Fund Our Oil Industry by eluquenson(m): 2:32pm On Apr 30, 2015 |
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 |
Re: Your Cocoa And Groundnuts Did Not Fund Our Oil Industry by jascon1(m): 2:34pm On Apr 30, 2015 |
Obiagelli:read about Texas in America 1 Like |
Re: Your Cocoa And Groundnuts Did Not Fund Our Oil Industry by Nobody: 2:37pm On Apr 30, 2015 |
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: 7 Likes 1 Share |
Re: Your Cocoa And Groundnuts Did Not Fund Our Oil Industry by quickly: 2:38pm On Apr 30, 2015 |
RevDesmondJuju:. 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 7 Likes 3 Shares |
Re: Your Cocoa And Groundnuts Did Not Fund Our Oil Industry by Nobody: 2:46pm On Apr 30, 2015 |
Then why are these Nigerians telling us Niger-Deltans that it was their cocoa and gworo that developed the sector? quickly: 3 Likes 1 Share |
Re: Your Cocoa And Groundnuts Did Not Fund Our Oil Industry by eluquenson(m): 2:49pm On Apr 30, 2015 |
RevDesmondJuju: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! |
Re: Your Cocoa And Groundnuts Did Not Fund Our Oil Industry by Nobody: 2:55pm On Apr 30, 2015 |
Evertything has an ending eluquenson: 4 Likes 1 Share |
Re: Your Cocoa And Groundnuts Did Not Fund Our Oil Industry by funkiebully: 3:00pm On Apr 30, 2015 |
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. 8 Likes 1 Share |
Re: Your Cocoa And Groundnuts Did Not Fund Our Oil Industry by aresa: 3:02pm On Apr 30, 2015 |
What a silly, redundant and irrelevant argument. Who cares who or what funded what? Oil in Nigeria today belongs to all. Jobless people... |
Re: Your Cocoa And Groundnuts Did Not Fund Our Oil Industry by aresa: 3:03pm On Apr 30, 2015 |
Re: Your Cocoa And Groundnuts Did Not Fund Our Oil Industry by Nobody: 3:06pm On Apr 30, 2015 |
aresa: 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! 8 Likes 1 Share |
Re: Your Cocoa And Groundnuts Did Not Fund Our Oil Industry by quickly: 3:10pm On Apr 30, 2015 |
RevDesmondJuju: which nigerians? mention names |
Re: Your Cocoa And Groundnuts Did Not Fund Our Oil Industry by Nobody: 3:12pm On Apr 30, 2015 |
quickly: All the Tajus and Adamus 4 Likes 1 Share |
Re: Your Cocoa And Groundnuts Did Not Fund Our Oil Industry by aresa: 3:13pm On Apr 30, 2015 |
[s] RevDesmondJuju:[/s] The topic is about Nigeria you lousy can't read and comprehend uninteligent TaNiod illiterate. 1 Like |
Re: Your Cocoa And Groundnuts Did Not Fund Our Oil Industry by AhmedMustapha(m): 3:22pm On Apr 30, 2015 |
And who said cocoa and groundnuts did anything.
What do you guys really want? |
Re: Your Cocoa And Groundnuts Did Not Fund Our Oil Industry by AhmedMustapha(m): 3:22pm On Apr 30, 2015 |
And who said cocoa and groundnuts did anything.
What do you guys really want? |
Re: Your Cocoa And Groundnuts Did Not Fund Our Oil Industry by jascon1(m): 3:28pm On Apr 30, 2015 |
aresa:read to no 2 Likes |
Re: Your Cocoa And Groundnuts Did Not Fund Our Oil Industry by Nobody: 3:38pm On Apr 30, 2015 |
![]() I am OP Now go sniff Remi Tinubu's undies Agbereo aresa: 3 Likes 1 Share |
Re: Your Cocoa And Groundnuts Did Not Fund Our Oil Industry by VulgarVulvas: 8:22pm On May 08, 2016 |
Orlandoowoh Bumping this thread back to life... |
Re: Your Cocoa And Groundnuts Did Not Fund Our Oil Industry by APCHaram: 8:59am On May 22, 2016 |
Bump |
Re: Your Cocoa And Groundnuts Did Not Fund Our Oil Industry by APCHaram: 9:02am On May 22, 2016 |
Every drop of oil belongs to every Nigerian be it the yesufu from gombe or ikenna in anambra. You dey dream |
Re: Your Cocoa And Groundnuts Did Not Fund Our Oil Industry by APCHaram: 9:06am On May 22, 2016 |
aresa: 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 4 Likes |
Re: Your Cocoa And Groundnuts Did Not Fund Our Oil Industry by SairikiDurri: 10:13am On Sep 10, 2016 |
Igbiod come and help me bump this thread back to life |
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