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NIGERIA OIL AND GAS BUSINESS: A TYPICAL AND CLASSICAL FAILURE 2

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….from part 1, this is the concluding part...   “The purpose of Propaganda is to make one set of people forget that other sets of people  are human” -Aldous Huxley Let us come back home now, how much is Nigeria daily Oil production per day? According to Google, Nigeria daily production is 2.19 million bpd. But Dr. Atul, during our discussion put it like “Nigeria has capacity of 2.5 million barrel/day but their current production is lower at approximately 1,459 million bpd.  Quoting my mentor, he said,  ” See how much Nigeria is losing in terms of US$ annually and on recurring basis" I know both sources are right. Only that, the latter source is most current. Now this is my understanding… Nigeria has oil, proven Oil deposit of about 37.50 billion barrels, with very low daily production. The reality on ground is that Nigeria has what USA has and that same resources, is given USA close to half a Trillion US$ annually. So what’s the problem with us, why are we s...

NIGERIA OIL AND GAS BUSINESS: A TYPICAL AND CLASSICAL FAILURE1

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I think we as Nigerians have waited long enough to express our understanding to some of Nigeria Government’s policies, actions and inactions in the most recent time. It has come to our awareness, into how and at a deepest level, these policies are affecting us Nigerians massively negative. To some extent instead of our successive government to own up, sit tight and think of way out of the mess, we can see that they are digressing more out of our fore father’s vision for this Great nation and coming up with Lies, Deceits and many more illogical defenses as if Nigerians are Mumus (slang known in Nigeria to be STUPID).  Maybe we may not understand what fore father’s mission might entails? Part of it is Nigeria’s Unity with which in the present situation of the country, there’s lot of division among us. It is also in the mission of our Fore Father’s to build strong Economy for the Giant of Africa, strengthening our Naira and making Nigeria the Economic Hub of Africa but unfortunately, ...