xolomonstrides:

Do not say the oil in the north cannot be up to what is in the south, because you are not the one who put the oil there in the ground.

Secondly, hardly would you see any government involved in exploration or prospecting for oil they give exploration and prospecting licenses to corporations. And it is done In the name of the government.
Talking about everyone having their own resource is not like oil, agriculture is everywhere and hardly does any nation envy another for cash or food crop. But oil is a different ball game. Our unity and disunity hangs on oil. Iraq, Lybia, Kuwait, Syria(Isis), all this countries' wars was as a result of oil. In the world today the general notion is "He who controls oil, rules the world" no nation would say "you have oil,I have palmoil so what's the difference". It is an issue of power(money power) I am from the south south and I say to you the north and the oyinbos would kill for our oil. Even tribes within the south south would kill themselves for oil money.

Oliveronline:


http://www.vanguardngr.com/2016/12/crude-oil-discovered-in-borno-state-fg/

FunkyMetahuman:
and nations killing themselves over oil should be nations we should emulate right?


California is the 5th largest economy in the world, do you know their source of income? Nothing, just Hollywood.
Where would you rather travel to? Uae, Iraq, Iran Qatar, Afghanistan or California?

If South South controls oil, the north controls mining (remember all south African economy is based on mining) South West controlling cocoa and entertainment, middle bealt controlling agriculture in full scale and south east controlling technology and palm oil (like the Malaysians) every one contributing equally to the economy. And not just sit and wait for monthly allocations from oil, No one will brag about anything.

Controlling the oil doesn't mean shit, oil is everywhere. Make your economy stronger is the Koko.

Saudi was controlling oil since the 90s what changed? America has been the most power country since 1800s and still waxing stronger with or without oil.

xolomonstrides:


I made reference to the fighting over oil because you tried to equate oil to agricultural produce.

Nigeria would never know real peace without the issue of sharing oil money being resolved.
Concerning America and Saudi I never mentioned that Saudi controls more oil. US control over most of the worlds oil either personally or by proxy, which is one factor that adds to their world power status, however Saudi is still the largest oil producing nation in the world( ask Google).

All this been said, back to the main issue, considering the fact that Nigeria is not America and we have our peculiar issues. Oil would continue to be our problem. Where we have the south south still feeling that they are being cheated there would still be agitations. Until resource control is approved by the northern dominated legislative, people will still have reason to cry foul. This can only happen if everyone has oil. You would see, that if oil is truly found in the north and even in larger quantity than the south, immediately all the agitations of the South would be settled. Including resource control and probably separation. For me this is good for Nigeria cos I as well as every well meaning Nigerian is tired of all these tension in the country.

FunkyMetahuman:
it's like you didn't even read a single thing I said. Do you like how it feels when you type?




Google is your friend, America is free largest oil producing nation for more than 5yrars now.

Plus if everyone contributes equally to the economy, will South South continue to feel cheated? Jees

xelly:
How will students pass current affair with this information. Assuming it is asked " Where was crude oil discovered in Borno" what will be the answer? This government shaa



I can say it for all to hear, NO CRUDE OIL WAS DISCOVERED IN BORNO.

xolomonstrides:


You can continue to compare oil with other resources bit reality is that there is no equal as at today maybe in the future, I don't know.

https://en.m.wikipedia.org/wiki/List_of_countries_by_oil_production

FunkyMetahuman:
either way, America still the most powerful country in the world.

What does that tell you?

obailala:

Instead of you to canvass for the families of those who lost their lives not to be neglected, you are calling for total closure of the mine even whilst it is your only source of income. That is what happens when you approach issues purely out of emotions.

Yes the country needs a lot of money to diversify, it needs MONEY + TIME.... And for your info, just in case you do not know, it is not the N38bn spent on oil exploration that is preventing diversification, a lot of people seem to mix this up. Like I said before, Diversifying does not entail abandoning a proven source of income; it means 'adding to your source'.

It takes money to make money and for every single oil well feeding the nation today, money was spent to explore and exploit it, and money is still been spent as we speak to further maintain them and sink new ones to be able to sustain our production levels. You (just like many others) obviously have a particular reservation against this case simply because it is in the north, not anything else.

just a reduction in oil prices tumbled Nigeria's econony and here you are still asking why the government us seeking oil. Probably you are one of those who believe the present recession and untold hardship in the country is just buhari's doing and has nothing to do with oil?.. else I wonder why anyone would be asking this question you put up there.

Wherever you read about government not knowing how many oil wells we have, you can do yourself a favour by going back to read the content of the report (not just the title).

JoeBlocks:
Canvass for the family of those who lost their lives not to get neglected? Now if this government knows what its doing in the first place, why would any sane person need to canvass for support for the families of those who lost their lives in the first place.

Just a simple question, how much does it take to completely diversify the nigerian economy?

The bolded is non sequitor!. The drop of oil prices crashed the nigerian economy, so why is the government seeking oil again in the first place? When oil price has crashed? This doesn't make sense. A sensible government would have looked for an alternate means of income, not looking for crude oil.

xolomonstrides:

Its a case of the forces of demand and supply. Get your facts right, oil prices increased this week with the artificial scarcity ( supply cut) policy of OPEC.

And no one is saying depend solely on oil, diversifying does not mean DO NOT GET INCOME FROM OIL it means getting maximum income from all available potential sources of revenue.
Economist would understand the meaning of UNDEREMPLOYMENT of resources and production below capacity as well as the dangers that come with it.

xolomonstrides:

They control most of the worlds oil individually or by proxy.. That is why the north is more powerful in Nigeria as well, they control Nigeria's oil

JoeBlocks:
To how much? Compare that price to what it was last year, before the crash.

The government is still saying "depend solely on oil" if the government has any plan(s) to diversify, we would have heard about it and see proof.

carmag:
It will be a well come development in as much as the oil blocks are owned by people from the south to strengthen the spirit of one Nigerianes









January 14th 2017 still on our mind


.

DropShot:

Learn about the process of splitting a country.

Some of you think it's a matter of using a pen to do the division on paper.

Freedom2016:
Ok...good news. Can we now divide the country now? They will say NO because nothing was found, including Lagos. The biggest scam in the world is Lagos putting groundnut oil in a jar, added some black ink, claiming to have found oil. Who puts crude oil in a jar to make a statement if not to deceive people. SMH. There is an axiom...if you truly have something, there is no need proving to have that.

DropShot:

Learn about the process of splitting a country.

Some of you think it's a matter of using a pen to do the division on paper.

Oliveronline:


http://www.vanguardngr.com/2016/12/crude-oil-discovered-in-borno-state-fg/

BabaRamota1980:


and they waited till the eve of Zahra wedding with Borno Oil tycoon to announce this

So can Asari and Tompolo go own oil well for Borno now?

JoeBlocks:
Canvass for the family of those who lost their lives not to get neglected? Now if this government knows what its doing in the first place, why would any sane person need to canvass for support for the families of those who lost their lives in the first place.

Just a simple question, how much does it take to completely diversify the nigerian economy?

JoeBlocks:

The bolded is non sequitor!. The drop of oil prices crashed the nigerian economy, so why is the government seeking oil again in the first place? When oil price has crashed? This doesn't make sense. A sensible government would have looked for an alternate means of income, not looking for crude oil.

FunkyMetahuman:
oil money to search for more oil right?
The ones we already have, how much diversification have they done with it?


Why not use the money they are using to look for oil in the desert for agriculture or something meaningful, then we have other source of income, we can start looking for more oil in irrelevant places?

If economy is well diversified, southern oil will rest.
America is the biggest oil producing nation with over 10million barrels of oil a day, if they stop production today, it won't affect their economy 1bit.


Think now. if oil is the only means of generating income, we are left at the mercy of oil prices.
If we have other source of income, even if naija delta say no more oil, Nigeria won't crumble.

By the way, no amount of oil found in the north can ever come close to 10% of what is been drilled in the South.. Why not let everyone have unique thing to brag about for the over all instead of the country instead of oyel oyel.

OBAGADAFFI:


Are the Northern youths better than their southern counterparts?

Are all the crisis and destruction coming from the North caused by the southerners?

The IDP situation is a pointer to the fact that mismanagement is not a regional issue but a Nation crisis.

Go and investigate lead exploration mess in the north , then come and tell u how oil exploration will be better.

Blue3k:
God for them. Let's see if the give more info on this.

@ABEngine @princejayboss any opinions on this. I remember one of you wrote paper on this. I never got the PM because I asked to read it.

RagnarBankz:


How much was invested to find the oil there


Buhari pumped billions of naira just to look for oil!

Can u ask ur self why?


Did u ever heard that Niger delta pumped money to look for oil in their land? Thats what i call NATURAL RESOURES!!!